Streetbeat News

Partnerships

LVO

TSLA

LiveOne has reported a significant growth in its membership, reaching over 3.7 million members, marking a 26% year-over-year increase. Specifically, Tesla members have surpassed 1.7 million, a 33% increase from the previous year. In March alone, LiveOne added more than 60,000 paid members, with an average revenue per user (ARPU) of over $3.10. The company anticipates its membership growth to exceed 1 million in 2024 and is developing over 55 new B2B partnerships, following a major deal that contributes over $2 million in monthly recurring revenues. Brad Konkol of Slacker Radio highlighted the decade-long partnership with Tesla and the focus on expanding B2B relationships to diversify risk and boost revenue streams.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:01 pm

BLK

NKLA

NVDA

TSLA

The crypto market cap surpasses $2.6 trillion, driven by Dogecoin's spike and BlackRock's successful Bitcoin ETF. In US markets, Nvidia is removed from Piper Sandler's model portfolio, and the S&P 500 hits a new record. Biden's comprehensive policy for federal AI use is unveiled, amid various political and economic developments globally. In tech, significant investments in AI and lithium signal industry confidence. The electric vehicle sector sees mixed fortunes, with Tesla adjusting to Mexico's EV charging rules and Nikola launching a hydrogen fueling station.

Portfolio Pulse from Akanksha Bakshi

March 28, 2024 | 12:49 pm

DAT

PLTR

SHLD

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower in the premarket session despite announcing a 12-month agreement with The Ministry of Education and Science of Ukraine to support the School Offline program, aiming to enhance safe educational access for 300,000 more students. The initiative is part of Palantir's ongoing support for Ukraine, including military, resettlement, war crimes investigation, and demining efforts. Investors can also gain exposure to PLTR through ProShares Big Data Refiners ETF (NYSE:DAT) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD).

Portfolio Pulse from Nabaparna Bhattacharya

March 28, 2024 | 12:45 pm

CISO

CISO Global (NASDAQCM: CISO) has entered into an exclusive agreement with The Fortegra Group, Inc. to offer product protection plans for its cybersecurity clients. This partnership allows CISO Global to provide $250,000 financial protection for its AI-based endpoint detection and response technology, CHECKLIGHT®, which protects against cyber threats like malware and ransomware. The CHECKLIGHT® protection plan is now available globally, with plans to expand to Latin America and Europe.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:38 pm

AVTX

BDRX

XLO

Avalo Therapeutics (AVTX) saw a 406% increase after acquiring an Anti-IL-1β mAb and announcing a private placement financing of up to $185 million. Xilio Therapeutics (XLO) experienced a 399% surge following an exclusive license agreement with Gilead Sciences for a tumor-activated IL-12 program and a $11.3 million private placement equity financing. Biodexa (BDRX) shares rose by 46% as its MTX110 showed promise in extending life expectancy against aggressive brain cancers.

Portfolio Pulse from ryanfaloona@benzinga.com

March 28, 2024 | 12:36 pm

NAOV

NanoVibronix, Inc. (NASDAQ:NAOV) has announced a partnership with Veranex, Inc. to develop the next generation of its UroShield and PainShield products. The collaboration aims to enhance therapeutic functionality, increase satisfaction among clinicians and patients, and reduce production costs through Veranex's research and development services.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:36 pm

SYRA

Syra Health Corp. (NASDAQ:SYRA) has secured a statewide healthcare workforce contract in Missouri to provide temporary medical services personnel. The contract's revenue will depend on the number of positions filled and their duration, focusing on recruiting specialized medical professionals like resident physicians, physicians, chief physicians, psychiatrists, and chief psychiatrists. This expansion into Missouri marks the 18th state where Syra Health has established a presence, emphasizing its commitment to enhancing healthcare delivery nationwide.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:11 pm

CMPS

Compass Pathways co-founders George Goldsmith and Ekaterina Malievskaia have resigned from the board, effective March 29, 2024. David Norton will serve as interim chair while the company searches for a permanent replacement. The company highlights its progress in developing psilocybin treatment for treatment-resistant depression and its achievements under the leadership of Goldsmith and Malievskaia, including FDA Breakthrough Therapy Designation and successful financing rounds.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:09 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) has signed a contract with Connecticut-based New England Edibles, dba SoundView, to provide a Turnkey Hydrocarbon Extraction and Lab Equipment Package. This package includes various extraction systems and services to assist SoundView in meeting compliance for operation in Connecticut. SoundView, a woman and veteran-owned startup, aims to process and manufacture cannabis products for the CT market. Agrify's support encompasses design, equipment, and training, facilitating SoundView's setup for extraction capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:08 pm

AAPL

Gene Munster of Deepwater Asset Management predicts Apple Inc.'s WWDC 2024 will introduce significant changes in operating system design with a focus on generative AI, marking the most substantial shift since the 1980s. This includes potential upgrades to core apps and Siri. However, Munster notes Apple is playing catch-up in the generative AI space, with competitors like Microsoft and Google already advancing. Apple's recent acquisition of DarwinAI and possible licensing of Google's Gemini AI for iOS 18 suggest a major push into AI.

Portfolio Pulse from Rounak Jain

March 28, 2024 | 11:58 am