Streetbeat News

Partnerships

JAGX

GEN has entered into an agreement to commercialize Jaguar Health's Crofelemer in Turkey and eight neighboring countries. Additionally, GEN will invest $2M in Jaguar Health's stock at a 75% premium to the market price. The agreement also includes the payment of double-digit royalties to Jaguar on all Crofelemer products sold in the licensed territory.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:42 pm

NLSP

NLS Pharmaceutics (NLSP) shares surged following the announcement of an exclusive worldwide license agreement with Aexon Labs for the global development and commercialization rights to Aexon's Dual Orexin Receptor Agonists platform.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:35 pm

AGFY

Agrify Corporation (AGFY) has secured a contract to provide turnkey solventless extraction equipment to Blackstone Valley Cannabis. Additionally, Blackstone Valley Cannabis has chosen Agrify's 6-day on-site Advanced Solvent Training Package for their staff training.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:27 pm

BTCUSD

CMG

ETHUSD

NVDA

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced significant losses with $650M liquidated in a day, while a rally is predicted due to FOMO. US stocks face risks from de-dollarization, with Morgan Stanley expressing concern. Political developments include Trump vs. Biden dynamics heating up for 2024, with both securing key primary wins. In tech, Nvidia and Synopsys highlight their partnership's importance in chip design, and Tesla faces trade secret theft allegations. Consumer news includes Chipotle's stock split and Samsung's surge due to Nvidia's interest. Financially, BlackRock files for a tokenized asset fund, and Borse Dubai plans to sell its Nasdaq stake.

Portfolio Pulse from Akanksha Bakshi

March 20, 2024 | 12:18 pm

FOUR

The Los Angeles Rams have chosen Shift4's end-to-end payment solution to handle their ticketing transactions, aiming for a seamless fan experience.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:14 pm

AIQ

BABA

FEEM

PDD

Alibaba Group Holding Ltd (NYSE:BABA) has expanded its 'five-day delivery' service to the U.S., aiming to compete more effectively with rivals like Temu and Shein. This service, offered through AliExpress and supported by Cainiao, Alibaba's logistics arm, promises U.S. customers delivery within five days. The initiative, which began in 2023, has also been extended to other regions, including Germany and France. AliExpress reported a 60% year-on-year order increase in the December quarter, while Cainiao's revenue grew by 24%. Alibaba plans to invest $1.1 billion in South Korea for a logistics center, as AliExpress's monthly active users there have doubled since 2018. Despite a 9.4% stock loss last year, Alibaba continues to focus on geographical expansion and artificial intelligence. Investors can also gain exposure to Alibaba through ETFs like FEEM and AIQ.

Portfolio Pulse from Anusuya Lahiri

March 20, 2024 | 12:13 pm

NUE

Nucor has entered into an agreement with Mercedes-Benz to supply Econiq-RE, a sustainable steel product. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:08 pm

VRME

VerifyMe, Inc. has announced that Manuka Health is now using VerifyMe's QR codes on their products. This collaboration aims to enhance product authentication and consumer engagement by leveraging VerifyMe's technology.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:07 pm

TNXP

Tonix Pharmaceuticals has selected two contract manufacturing organizations for the launch and commercial manufacture of Tonmya, a treatment for fibromyalgia. The company plans to submit a New Drug Application (NDA) in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:04 pm

LUV

Southwest Airlines has reached a tentative agreement with the Transport Workers Union Local 556 for a new labor contract. This development could signal positive progress in labor relations and potentially impact operational efficiency and employee satisfaction.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:01 pm