Streetbeat News

Partnerships

FDX

SPY

UPS

FedEx announced it will terminate its domestic transportation services for the USPS by September 29, 2024, due to the inability to reach a contract extension. This decision may impact FedEx's operations and financial performance.

Portfolio Pulse from Charles Gross

April 01, 2024 | 11:42 am

BMY

ZLAB

Zai Lab's stock price increased following the announcement that its partner, Bristol Myers Squibb, reported the KRYSTAL-12 confirmatory trial evaluating KRAZATI met its primary endpoint on March 28.

Portfolio Pulse from Charles Gross

April 01, 2024 | 11:34 am

GOGO

Gogo Business Aviation has partnered with Atlas Air Service to develop the first European Supplemental Type Certificate (STC) for the Gogo Galileo HDX antenna for the Cessna CitationJet series and another STC for the Embraer Phenom 300. This partnership aims to enhance connectivity solutions for light jet aircraft in Europe.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:32 am

SAVE

Spirit Airlines (SAVE) shares are up following an agreement with International Aero Engines, granting Spirit a monthly credit till the end of 2024 for each aircraft grounded due to GTF engine issues.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:31 am

SLGL

Sol-Gel Technologies' collaboration partner, Arcutis Biotherapeutics, has initiated a patent infringement action against Padagis concerning a generic version of Zoryve Cream for plaque psoriasis. The lawsuit was filed in the U.S. District Court for the District of New Jersey on March 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:19 am

OCUP

VTRS

Ocuphire Pharma, Inc. (OCUP) and its partner Viatris Inc. (VTRS) have announced the U.S. commercial launch of RYZUMVI (phentolamine ophthalmic solution 0.75%). Ocuphire, a clinical-stage biopharmaceutical company, has a global license agreement with Viatris to co-develop and commercialize the solution, making Ocuphire eligible for regulatory and commercial milestones as well as royalties.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:17 am

GILT

Gilat Satellite Networks Ltd. (GILT) has received over $13M in additional orders from various satellite operators for its SkyEdge IV and SkyEdge II-c platforms. These orders are part of ongoing strategic partnerships and will support services such as in-flight connectivity, maritime mobility, cellular backhaul, and fixed data services.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:12 am

NIO

NIO Inc (NYSE:NIO) shares are up in premarket trading after reporting a 14.3% year-over-year increase in March deliveries, totaling 11,866 vehicles. This surpasses their Q1 2024 delivery outlook of 30,000 vehicles, slightly above the revised forecast but below the initial range of 31,000 to 33,000. Despite a Q/Q slump in Q4 vehicle deliveries and revenue, a partnership with CATL for longer-life batteries could signal future cost reductions.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 11:10 am

CMCSA

ROKU

WMT

Walmart announced updates on Walmart Connect, emphasizing its partnerships with NBCUniversal, Roku, and TikTok to enhance omnichannel connections. This move aims to leverage Walmart's extensive retail network and digital platforms to offer more integrated advertising solutions.

Portfolio Pulse from Charles Gross

April 01, 2024 | 11:09 am

QNCX

Quince Therapeutics reported a strong cash position of $75.1M as of December 31, 2023, which is expected to fully fund its lead asset, EryDex, through Phase 3 NEAT topline results and prepare for a potential NDA submission in 2026. The company is also exploring strategic partnerships to out-license EryDex in ex-U.S. regions to extend its operational runway.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:08 am