Streetbeat News

Partnerships

RCKT

Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) announced the appointment of Aaron Ondrey as Chief Financial Officer and made additional key appointments within its leadership team to expand capabilities across the company. These appointments are part of Rocket's preparation for its transition to a commercial stage and the continued development of its genetic therapy pipeline for rare disorders. Aaron Ondrey brings over 20 years of experience in financial management and strategic planning, having previously served as CFO of Mirati Therapeutics and held senior positions at Arena Pharmaceuticals, Alexion Pharmaceuticals, and Regeneron Pharmaceuticals. Other appointments include Kinnari Patel as President and COO, Jonathan Schwartz as Chief Medical & Gene Therapy Officer, Mark White as General Manager of Commercial Affairs, and Martin Wilson as General Counsel & Chief Corporate Officer.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 8:14 pm

MDXXF

NUMIF

OPTHF

PharmAla Biotech (MDXXF) and Numinus Wellness (NUMIF) have entered into a sales agreement for MDMA supply for clinical trials in Canada. Similarly, Optimi Health (OPTHF) has partnered with Tel Aviv University for MDMA research on addiction. These deals mark significant advancements in MDMA-assisted psychotherapy and addiction research, with potential impacts on mental health treatment practices.

Portfolio Pulse from Lara Goldstein

March 26, 2024 | 7:35 pm

AMD

INTC

MU

NVDA

SK Hynix plans to invest $4 billion in a new semiconductor facility in Indiana, aiming to strengthen the US semiconductor industry. This move is in line with the Biden administration's goals and is expected to create up to 1,000 jobs. The facility, which will start operations in 2028, is near Purdue University and will benefit from state and federal incentives. SK Hynix is Nvidia's exclusive partner for high-bandwidth memory, crucial for advanced GPUs. The investment also comes amid escalating US-China semiconductor tensions, with both countries imposing restrictions affecting companies like Nvidia, AMD, Intel, and Micron Technology.

Portfolio Pulse from Anusuya Lahiri

March 26, 2024 | 5:58 pm

QH

STOK

WPRT

Westport Fuel Systems Inc. (NASDAQ:WPRT) shares fell by approximately 10% after reporting a Q4 loss wider than expected. Other stocks experienced significant movements, with notable gainers including Stoke Therapeutics, Inc. (NASDAQ:STOK) and losers like Quhuo Limited (NASDAQ:QH). The movements were attributed to various factors including financial results, clinical trial data, and strategic agreements.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 5:45 pm

BB

BlackBerry Limited (NYSE:BB) shares are up due to the opening of a Cybersecurity Center of Excellence in Kuala Lumpur, officiated by notable figures including the Prime Minister of Malaysia. The center aims to combat cyber threats in the Indo-Pacific and address Malaysia's cybersecurity professional shortage with training and certifications. This move comes amidst BlackBerry's recent partnership with the SANS Institute and plans to reduce positions within its cybersecurity business for annual savings. Despite a year-over-year stock decline of over 30%, BlackBerry beat Q3 revenue expectations and is set to report Q4 results soon.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 5:10 pm

OMQS

OMNIQ Corp. shares surged following the announcement of receiving a significant purchase order from NESTLE International. This development indicates a strong business relationship and potential revenue growth for OMNIQ.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:54 pm

ENB

MPLX

Enbridge Inc. (NYSE:ENB) has entered into a joint venture with WhiteWater/I Squared Capital and MPLX LP (NYSE:MPLX) to expand natural gas pipeline and storage assets in the Permian Basin. The JV aims to connect Permian Basin gas supply to LNG and US Gulf Coast demand. The venture includes stakes in Whistler and Rio Bravo pipelines, ADCC pipeline, and Waha Gas Storage assets. The deal, expected to close in Q2 2024, is seen as immediately accretive to Enbridge's DCF per share.

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 4:35 pm

AMZN

CMCSA

NBCUniversal's Peacock, owned by Comcast (CMCSA), will exclusively air the NFL's opening week Friday game in Brazil. Additionally, the NFL announced that Amazon's Prime Video (AMZN) will have exclusive rights to a playoff game. The NFL also plans to schedule at least one game on Christmas for the upcoming season.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:26 pm

ADBE

MSFT

Adobe and Microsoft have announced a partnership to integrate Adobe Experience Cloud workflows and insights with Microsoft Copilot for Microsoft 365, aimed at enhancing marketers' efficiency and creativity. This collaboration, revealed at the Adobe Summit, will allow marketers to manage workflows more efficiently by overcoming application and data silos. The integration will provide marketers with generative AI-powered capabilities, enabling them to develop creative briefs, content, and manage approvals directly within Microsoft 365 applications like Outlook, Teams, and Word.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:03 pm

ADBE

Adobe announced the launch of generative AI solutions aimed at enhancing the content supply chain for enterprises during the Adobe Summit. These solutions, including Adobe GenStudio and Adobe Firefly, are designed to streamline the creation, management, and measurement of marketing content and personalized customer experiences. Integrated with Adobe Experience Cloud and Creative Cloud, these offerings aim to address the challenges of disconnected workflows and the increasing demand for personalized content. Pfizer is highlighted as a key partner leveraging Adobe's solutions to improve its content delivery for medical information.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:02 pm