Streetbeat News

Partnerships

IBIO

iBio Inc (NYSE:IBIO) shares surged over 100% after announcing a collaboration with AstralBio Inc to develop antibodies for obesity and cardiometabolic conditions. The surge followed a $15 million private placement financing and the granting of an exclusive license to AstralBio for AI-powered technology to identify and engineer targets for cardiometabolic disease. iBio retains the option to license three cardiometabolic targets from AstralBio and will develop, manufacture, and commercialize those targets upon exercise.

Portfolio Pulse from Vandana Singh

March 27, 2024 | 2:04 pm

AVGO

MRVL

MTSI

The demand for AI-driven networking and optical infrastructure is surging, with significant growth expected in CY24 and CY25. Broadcom Inc, Marvell Technology Inc, and MACOM Technology Solutions Holdings Inc are highlighted as key players poised to benefit from this trend, according to JPMorgan analyst Harlan Sur. Broadcom's AI networking revenues are projected to increase, Marvell's collaborations with tech giants support its dominance, and MACOM's innovation in components positions them strongly in the market.

Portfolio Pulse from Surbhi Jain

March 27, 2024 | 2:00 pm

VERB

Verb Technology Company, Inc. (NASDAQ:VERB) shares surged after announcing a partnership with TikTok Shop, making its MARKET.live unit an official TikTok Shop Partner. The partnership involves referral of leads to MARKET.live for paid services, TikTok Shop-sponsored studio rentals, and revenue sharing from TikTok stores established through MARKET.live. VERB's stock price increased by 41.4% to $0.3961.

Portfolio Pulse from Nabaparna Bhattacharya

March 27, 2024 | 1:55 pm

SPCB

SuperCom (NASDAQ: SPCB), through its subsidiary Leaders in Community Alternatives, has won a new project in California valued at up to $2 million. The project, focusing on jail-based re-entry services for adult inmates, aims to reduce recidivism and is expected to generate $400 thousand in annual recurring revenues over a 5-year term. The project launch is anticipated in summer 2024, following county approval and contract negotiations.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:55 pm

ACM

GTLS

HII

STT

Jim Cramer discussed various companies on CNBC's 'Mad Money Lightning Round,' praising Visa Inc. (V) and Chart Industries (GTLS), while expressing caution about State Street Corporation (STT) and AECOM (ACM) due to their current stock prices. Visa and Mastercard Incorporated (MA) reached a significant antitrust settlement, and Cramer showed preference for Wells Fargo & Company (WFC) and Morgan Stanley (MS) over STT. He also highlighted Huntington Ingalls Industries (HII) as a strong navy contractor.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 1:24 pm

AAPL

GME

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show little change despite bullish momentum, with a $160K price target for Bitcoin considered conservative. FTX seeks to nullify 'Sam Coins' amid bankruptcy. Dawkoins surges 400% on Richard Dawkins' birthday. GameStop and other stocks move lower in pre-market trading, while investor sentiment drops, affecting the S&P 500. Political and tech developments, including Tesla's Optimus robot and Apple's potential AI event, are highlighted. Financial and energy sectors also see significant news.

Portfolio Pulse from Akanksha Bakshi

March 27, 2024 | 1:18 pm

TWLO

Twilio announced the launch of Unified Profiles and Agent Copilot, integrating Twilio Segment's 'Golden' Customer Profiles into Flex. This integration provides employees with deeper insights into customer behaviors and preferences, facilitating more personalized interactions. This initiative is the first of three planned launches in 2024 to natively embed Segment into Twilio's Communication products.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:12 pm

OTEX

OpenText has renewed its commercial partner license agreement with X12, ensuring continued collaboration between the two entities. This renewal is likely to support OpenText's ongoing efforts to provide comprehensive solutions in data interchange and streamline operations for its clients.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:11 pm

TRUG

TruGolf Holdings, Inc. (NASDAQ:TRUG) has announced a strategic partnership with Franchise Well to accelerate its global expansion through franchising. This move aims to capitalize on the growing demand for off-course golf experiences, as evidenced by the National Golf Foundation's data showing a significant increase in off-course golf participation. TruGolf's CEO, Chris Jones, emphasized the goal of making golf more accessible globally, while Franchise Well's Ben Litalien highlighted the low labor, high technology appeal of TruGolf's franchising model.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:05 pm

ACN

MSFT

Accenture Federal Services (AFS), a subsidiary of Accenture, has partnered with Microsoft to launch a Cloud Modernization and Migration Factory on Azure. This first-of-its-kind factory aims to significantly accelerate the process of federal cloud migrations, reducing the time required from years to months.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:04 pm