Streetbeat News

Partnerships

ALBT

Avalon GloboCare shares surged following the announcement of the extension of its exclusive distribution agreement with Qi Diagnostics for the KetoAir Breathalyzer Device and related accessories in North America, South America, the UK, and the EU.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:05 pm

ALLG

Allego N.V. (ALLG) shares are experiencing an uptick, potentially driven by recent momentum following the announcement of a charging partnership with Ford. This partnership could signify a strategic move for Allego in expanding its charging network and services, possibly impacting its market position and investor sentiment positively.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:08 pm

VFS

VinFast Auto's shares are experiencing an uptick following the announcement of new partnership agreements with 15 dealers in Thailand. This expansion into the Thai market signifies the company's efforts to increase its presence in Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:48 pm

AVTX

BDRX

GMDA

KOD

PMEC

XLO

U.S. stocks showed mixed performance with the Dow Jones slightly down, NASDAQ falling, and S&P 500 gaining. Avalo Therapeutics surged 435% after acquiring a Phase 2-ready anti-IL-1β mAb and announcing a significant private placement financing. Xilio Therapeutics soared 154% following an exclusive license agreement with Gilead Sciences. Biodexa Pharmaceuticals also saw a significant rise after promising results against brain cancers. Conversely, Primech Holdings, Gamida Cell, and Kodiak Sciences experienced notable declines. U.S. initial jobless claims dropped to 210,000, and the U.S. economy grew by 3.4% in Q4.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 2:32 pm

AKAN

META

Akanda Corp. announced that Canmart, its wholly-owned subsidiary, plans to integrate social shopping technology on Facebook and Instagram, aiming to enhance its market presence and customer engagement.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:11 pm

BZFD

The Independent and BuzzFeed have entered into a long-term license and strategic partnership in the UK and Ireland, creating a supergroup of digital media pioneers. This deal combines their tech, publishing, and media innovation in both editorial and commercial operations. It aims to provide advertisers and e-commerce groups with an unprecedented opportunity to reach Gen Z and millennial audiences across video, web, and social media in premium publisher environments.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:05 pm

SPOT

Universal Music Group and Spotify have expanded their strategic relationship, allowing Spotify to distribute music videos in the US. This move could enhance Spotify's content offerings and potentially attract more users and advertisers, leveraging Universal Music Group's extensive catalog of music videos.

Portfolio Pulse from Charles Gross

March 28, 2024 | 2:04 pm

CRM

FDTX

FEPI

Salesforce, Inc (NYSE:CRM) celebrated securing the rights to Albert Einstein's image by assembling nearly 900 individuals dressed as the scientist in San Francisco, setting a Guinness World Record. This $20M investment, made nearly a decade ago, underscores Salesforce's branding strategy to dominate the AI tech field with a friendly Einstein symbolizing its AI's innovativeness and safety. The licensing proceeds benefit the Hebrew University of Jerusalem. Salesforce's CEO Marc Benioff highlighted the unique capabilities of Einstein Copilot in leveraging customer data. The company's stock, part of REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Fidelity Disruptive Technology ETF (NASDAQ:FDTX), saw a 57% gain in the last 12 months and traded higher by 0.45% at $302.75 recently.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 1:53 pm

HPCO

Hempacco Co., Inc. (NASDAQ:HPCO) has signed a three-month media contract with New to The Street for the continuation of filming and broadcasting tailored interviews and streaming digital billboard ads in New York City. The interviews, focusing on Hempacco's hemp-based Disrupting Tobacco products, will air weekly on the FOX Business Network. The partnership aims to increase awareness of Hempacco's products, including hemp cigarettes and CBD products, through various media platforms. The company's collaborations with celebrities and its innovative hemp products are highlighted as key growth drivers.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:15 pm

TECH

Bio-Techne Corporation (NASDAQ:TECH) and Nikon Instruments Inc. have announced a partnership to expand access to spatial biology services in the US. This collaboration involves Lunaphore, a part of Bio-Techne's Spatial Biology Division, and the Nikon BioImaging Lab. The partnership aims to leverage Lunaphore's COMET technology and Nikon's imaging solutions to enhance research and drug discovery. The COMET platform, known for its high-throughput, hyperplex protein detection capabilities, will be complemented by Lunaphore's HORIZON image analysis software, offering a comprehensive suite for spatial biology research.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:09 pm