Streetbeat News

Partnerships

BMY

LAB

Standard BioTools Inc. (NASDAQ:LAB) has entered into a multi-year strategic engagement with Bristol Myers Squibb (NYSE:BMY) to utilize the SomaScan Platform for translational medicine research through 2026. The platform will be used in clinical trials across multiple therapeutic areas, leveraging its proteomics technology to enhance drug development processes and potentially improve patient outcomes. The collaboration aims to advance clinical trials, including creating a screening model for hypertrophic cardiomyopathy (HCM).

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:02 pm

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CRLBF

CURLF

GTBIF

TCNNF

VRNOF

Following the Florida Supreme Court's decision to allow a constitutional amendment for legalizing recreational marijuana on the November 2024 ballot, cannabis companies, including Trulieve, have collectively contributed over $15 million in support. Trulieve had previously donated $40 million. The amendment, known as Amendment 3, aims to legalize non-medical personal use of marijuana for adults 21 or older and requires a 60% voter approval. Companies like Verano Holdings, Curaleaf Holdings, AYR Wellness, Cresco Labs, Green Thumb Industries, and INSA, Inc. are among the new donors. The funding announcement coincides with the upcoming Benzinga Cannabis Capital Conference in Florida.

Portfolio Pulse from Maureen Meehan

April 03, 2024 | 7:56 pm

TGS

Transportadora De Gas Del Sur (TGS) shares increased following an announcement of an agreement with ENARGAS for a transitory adjustment in natural gas transportation tariffs, including a monthly adjustment formula starting in May.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 7:54 pm

FXI

SPY

U.S. Treasury Secretary Yellen emphasized the importance of maintaining a level economic playing field between the U.S. and China, expressing concerns over China's overcapacity driven by massive subsidies. She highlighted the Biden administration's commitment to ongoing dialogue with China. While not commenting directly on new tariffs, Yellen did not rule out measures to protect the U.S. clean energy supply chain.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 7:48 pm

COIN

Crypto VC firm Paradigm, co-founded by Coinbase Global Inc. (NASDAQ:COIN) co-founder Fred Ehrsam, is reportedly raising a new fund between $750 million and $850 million. This follows a period of increased fundraising activity in the crypto sector, despite Paradigm's recent challenges, including a leadership shift and involvement in a class-action lawsuit related to its investment in FTX. The firm continues to invest in the crypto industry, with significant investments like in Merkle Manufactory.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 7:33 pm

CRM

FDTX

FEPI

Salesforce, Inc. (NYSE:CRM) has selected Ironclad as its contract lifecycle management (CLM) platform to streamline contracting processes, improve deal velocity, and provide valuable insights for its teams. The integration allows for data synchronization between contract data and customer relationship data. After a successful pilot, Salesforce expanded Ironclad's use companywide. Additionally, Salesforce gained attention for a branding event with nearly 900 individuals dressed as Albert Einstein, highlighting its AI features. The stock has gained 55% over the past year, and investors can gain exposure through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Fidelity Disruptive Technology ETF (NASDAQ:FDTX). CRM shares are up 0.47% to $305.42.

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 5:51 pm

ARKK

ARKW

ROKU

Roku, Inc. (NASDAQ:ROKU) shares are trading lower after announcing a partnership with the NBA to launch the NBA FAST channel and NBA Zone exclusively on The Roku Channel. Despite this, Roku faced backlash for implementing mandatory dispute resolution terms, including forced arbitration, causing devices to become inoperable until users agreed to these terms. ROKU stock has lost over 5% in the past year, and investors can also gain exposure through ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF (NYSE:ARKW).

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 4:26 pm

ICAD

iCad Inc. shares have seen an increase following the announcement of a collaboration with Rad-AID. This partnership aims to introduce mammography AI-based decision support systems in Low and Middle-Income Countries (LMICs).

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 3:28 pm

BKR

SNMRY

Baker Hughes Company (NASDAQ:BKR) has been chosen by Snam SPA (OTC:SNMRY) to supply three turbocompressors with NovaLT12 gas turbines for the Adriatic Line pipeline project in Italy. This project aims to reduce carbon emissions by allowing up to 10% hydrogen blend with natural gas. The collaboration is part of Italy's efforts to decarbonize its gas network and is supported by the National Recovery and Resilience Plan and the REpowerEU Plan.

Portfolio Pulse from Akanksha Bakshi

April 03, 2024 | 3:11 pm

ROKU

Roku, in partnership with the NBA, has launched the first-ever NBA FAST channel and NBA Zone on The Roku Channel, offering fans access to games, highlights, documentaries, and more. This collaboration aims to enhance the sports streaming experience, providing an always-on destination for basketball content. The NBA FAST channel will feature a variety of NBA content, including over 40 live NBA G League games during the 2024-2025 season. Additionally, the NBA App and NBA League Pass will be integrated within the NBA Zone, further enriching the viewing experience.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 3:03 pm