Streetbeat News

Partnerships

BMY

TSVT

The FDA has approved the use of a suspension lentiviral vector for the manufacturing of Abecma, as announced by 2Seventy Bio and Bristol Myers Squibb. This approval marks a significant advancement in the production process of Abecma.

Portfolio Pulse from Charles Gross

April 09, 2024 | 11:06 am

IRDM

LHX

Iridium has signed a new five-year commercial contract with L3Harris Technologies to provide Iridium Satellite Time and Location (STL) service. This service will be provided to over three dozen L3Harris-operated communications network backbone nodes and a similar number of Federal Aviation Administration (FAA) facilities across the United States.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:05 am

MITK

DataVisor has announced a partnership with Mitek Systems (MITK) to enhance its fraud detection ecosystem with improved check fraud protection capabilities. This collaboration aims to leverage Mitek's advanced technology to bolster DataVisor's existing fraud detection solutions, providing clients with more robust protection against check fraud.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:05 am

NRIX

SNY

Nurix Therapeutics and Sanofi have extended their ongoing research program focused on STAT6, a key target in type 2 inflammation. The original agreement, signed in December 2019, included an upfront payment of $55 million from Sanofi, with an additional $22 million paid later to expand the collaboration. Nurix could receive up to $2.5 billion in future milestones and royalties. The extension aims to nominate a clinical candidate within the first year.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:02 am

PLL

Piedmont Lithium announced that the joint venture partners of North American Lithium (NAL) aim to achieve steady state production by 2024. This move is part of their strategy to enhance lithium production capabilities to meet growing demand.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:54 am

AL

BA

EADSY

Air Lease Corporation announced it has 320 new aircraft on order from Boeing and Airbus, with deliveries scheduled through 2028. This significant expansion of its fleet underscores Air Lease's growth strategy and commitment to modernizing its offerings with more fuel-efficient aircraft.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:35 am

KBR

KBR, Inc. has been awarded an engineering services contract by First State Hydrogen. This contract signifies KBR's entry into the growing hydrogen market, potentially enhancing its portfolio of services in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:01 am

AAPL

IYW

MSFT

QCOM

VGT

Microsoft Corp is set to unveil its Qualcomm-powered 'AI PCs' aimed at surpassing Apple Inc's MacBook Air in performance. These devices, featuring Snapdragon X Elite processors, are expected to excel in CPU performance, AI-accelerated tasks, and app emulation. Microsoft plans to showcase these capabilities against Apple's M3 MacBook Air, emphasizing faster CPU tasks and more efficient app emulation. The initiative includes the release of consumer versions of the Surface Pro 10 and Surface Laptop 6 with these processors, introducing exclusive AI-powered Windows functionalities. Microsoft's move reflects a broader industry trend towards integrating AI into PCs, with significant investments from other tech giants like AMD and Intel.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 9:43 am

PRTC

PureTech has launched Seaport Therapeutics with an oversubscribed Series A funding of $100M. Daphne Zohar steps down as PureTech's CEO to lead Seaport, with Bharatt Chowrira taking over as PureTech's new CEO. Eric Elenko is promoted to President of PureTech.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:39 am

VSTE

Vast Renewables and 1414 Degrees have entered into a key term sheet for transmission access at the Aurora Energy Precinct. VSTE, potentially related to Vast Renewables, is mentioned in the context.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:08 am