Streetbeat News

Partnerships

SMSI

Smith Micro Software, Inc. has entered into a new agreement with a mobile operator in the US for the deployment of its SafePath platform. This partnership aims to enhance the mobile operator's offerings by integrating Smith Micro's family safety solutions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:12 am

GILD

NRIX

Gilead Sciences has extended its research term with Nurix Therapeutics for two more years, with a $15M extension fee. Nurix could receive up to $73.5M in preclinical research milestones and licensing fees, plus $1.7B in sales/development milestones.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:06 am

NAAS

NaaS Technology has formed a partnership with Beijing Car Network New Energy to connect 20 charging stations and over 1,000 chargers, enhancing the electric vehicle (EV) charging infrastructure.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:52 am

MRC

MRC Global Inc. has appointed Daniel Silvers to its Board of Directors, effective immediately. Silvers will serve on the Board's Compensation and Environmental, Social, Governance and Enterprise Risk Committees. This move comes as part of an agreement with Engine Capital.

Portfolio Pulse from Charles Gross

April 02, 2024 | 10:35 am

AMADF

EXPE

Amadeus has expanded its strategic partnership with Expedia Group to implement new distribution capability (NDC) technology. This move is aimed at enhancing the distribution and retailing of travel offers, marking a significant step in promoting NDC technology across the industry.

Portfolio Pulse from Charles Gross

April 02, 2024 | 10:27 am

RVTY

The Massachusetts Superior Court issued a preliminary injunction against Cloud Software Group, mandating compliance with its contractual obligations under strategic partner agreements with Revvity (RVTY).

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:16 am

AAPL

GOOGL

MSFT

Apple Inc. has introduced a new AI model named ReALM, surpassing OpenAI's GPT-4 in efficiency and performance. ReALM, being lighter and faster, is poised to enhance Apple's virtual assistant, Siri, and contribute to the company's AI strategy. This development comes as Apple prepares to reveal its AI initiatives at WWDC 2024, with expectations of incorporating smaller on-device models for privacy and security. Apple's strategic AI advancements, including the acquisition of DarwinAI and potential licensing of Google's Gemini AI models, underscore its commitment to leading in AI technology.

Portfolio Pulse from Rounak Jain

April 02, 2024 | 10:10 am

RDNT

RadNet and Providence Health System have formed a new joint venture, Tri Valley Imaging Group, in March. This partnership involves RadNet contributing four California imaging centers, while Providence contributes three imaging centers to the venture.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:07 am

PLTR

Jim Cramer expressed his bullish stance on Palantir Technologies Inc. (NYSE:PLTR), praising its recent performance and strong presence in the IT defense sector. He highlighted the company's good earnings and its dominance in IT defense, following a lucrative contract with the Defense Information Systems Agency (DISA). Additionally, an analyst from Mizuho maintained a Neutral stance on Palantir but raised the price target from $18 to $21, citing prospects in AI expansion after a $178 million deal with the Army. Palantir's stock closed at $22.86, with a 52-week range of $7.28 to $27.50.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 8:13 am

AZN

DSNKY

The U.S. FDA has accepted the Biologics License Application (BLA) for Datopotamab Deruxtecan, a joint development by Daiichi Sankyo and AstraZeneca, aimed at treating metastatic breast cancer. This marks a significant step forward in the fight against this severe form of cancer.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:18 am