Streetbeat News

Partnerships

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

XPEV

XPeng Inc (NYSE:XPEV) shares are up in Monday's premarket session following a report of significant sales growth. In March 2024, XPeng delivered 9,026 Smart EVs, marking a 99% increase over the previous month and a 29% year-over-year increase. The XPENG X9 remained the top-selling all-electric MPV in China. For Q1 2024, the company delivered 21,821 Smart EVs, a 20% increase from the previous year. XPeng also announced strategic partnerships in Thailand, Singapore, and Malaysia, and entered the German market with two Smart EV models. These moves are part of XPeng's plan to expand globally.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 10:45 am

INCY

China Medical System Holdings Limited announced a collaboration and license agreement with Incyte for the JAK1 inhibitor povorcitinib, targeting treatments for non-segmental vitiligo, hidradenitis suppurativa, prurigo nodularis, asthma, and chronic spontaneous urticaria.

Portfolio Pulse from Charles Gross

April 01, 2024 | 10:40 am

XTKG

X3 Holdings Co., Ltd. (NASDAQ:XTKG) announced a strategic partnership with a leading semiconductor substrate provider to develop digital solutions aimed at enhancing the semiconductor industry's supply chain. This collaboration is expected to expand operations across Asia and North America, although financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:37 am

NVS

Genscript Biotech has entered into a Master Manufacturing and Supply Services Agreement with Novartis. This partnership is aimed at leveraging Genscript Biotech's capabilities to manufacture and supply products and services for Novartis.

Portfolio Pulse from Charles Gross

April 01, 2024 | 10:36 am

JG

Aurora Mobile has announced a partnership with Moonshot AI to provide messaging and verification services for Moonshot AI's smart assistant app, Kimi. This collaboration aims to enhance the user experience and functionality of the Kimi app by leveraging Aurora Mobile's advanced messaging and verification capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:11 am

UPS

UPS has been awarded a significant air cargo contract by the USPS, becoming its primary air cargo provider in the US. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:01 am

DIS

Elon Musk announced on social media that he has been appointed as the Chief Diversity, Equity, and Inclusion (DEI) Officer at Disney, expressing enthusiasm to work with Disney's executives to make the content 'MORE woke.' However, the announcement was made on April 1, known for April Fools' Day pranks, and Disney has not made an official statement. This follows a series of public disputes between Musk and Disney, including accusations of 'institutional racism and sexism' by Musk.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 9:20 am