Streetbeat News

Partnerships

YTEN

Yield10 Bioscience, Inc. (NASDAQ:YTEN) has received a determination from USDA-APHIS that its genetically engineered Camelina varieties producing omega-3 fatty acids can be planted and bred in the U.S. This development marks a significant step towards commercial-scale production of omega-3 oils for aquafeed and human nutrition markets. The company plans to focus on development programs, building seed inventory, and engaging with potential commercial partners in 2024. Yield10 has also signed a collaboration agreement with Rothamsted and a Letter of Intent with BioMar Group for commercializing the omega-3 Camelina crop.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:30 pm

AAPL

NVDA

Jim Cramer predicts that investors will soon shift their focus from the U.S. Department of Justice's antitrust case against Apple to the company's partnership with Nvidia for the Vision Pro mixed reality headset. This collaboration aims to stream advanced 3D experiences from AI data centers to the Vision Pro, potentially becoming Apple's biggest enterprise revenue stream. Despite the DOJ's lawsuit for illegal iPhone dominance, analysts like Wedbush's Dan Ives believe the case won't significantly impact Apple's business model.

Portfolio Pulse from Rounak Jain

March 21, 2024 | 12:17 pm

AAPL

MSFT

Apple Inc is in talks with Google to integrate Google's generative AI model, Gemini, into the next iPhone, aiming to enhance AI features. Microsoft Corporation has hired AI pioneer Mustafa Suleyman to lead its consumer-oriented Copilot business, further deepening its AI focus. These moves by Apple, Google, and Microsoft underscore the competitive landscape in AI technology among big tech companies.

Portfolio Pulse from Upwallstreet

March 21, 2024 | 12:14 pm

BSY

Bentley Systems, Incorporated (NASDAQ:BSY) announced a CEO transition plan with COO Nicholas Cumins set to become CEO on July 1, 2024, as current CEO Greg Bentley transitions to Executive Chair. The announcement was made during the opening of Bentley Systems' new UK headquarters, marking the company's 40th anniversary. Cumins has been with Bentley Systems since 2020 and has a background in product management and business development. Greg Bentley, CEO since 1995 and one of the company's founders, expressed confidence in Cumins and the company's future.

Portfolio Pulse from Happy Mohamed

March 21, 2024 | 12:13 pm

CRL

Charles River Laboratories International, Inc. (CRL) has extended its gene therapy manufacturing alliance with the National University of Singapore's Yong Loo Lin School of Medicine. This partnership aims to advance gene therapy research and manufacturing capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:04 pm

ASST

Asset Entities has announced a partnership to provide its services to Zendrop, indicating a strategic collaboration between the two companies.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:03 pm

APO

NFLX

PARA

PEJ

RSPC

Apollo Global Management Inc (APO) has offered $11 billion to buy Paramount Global's (PARA, PARAA) film and TV studio, surpassing Paramount's market value of $7.7 billion. The bid is part of a review by Paramount's independent committee, which is also considering a merger with Skydance Media. Paramount, known for hits like 'Top Gun: Maverick', has seen interest from various buyers, including Netflix Inc (NFLX). Paramount's stock rose following Apollo's bid announcement. Other strategic options for Paramount include talks with Warner Bros. Discovery Inc (WBD) and a potential partnership with Comcast Corp (CMCSA). Paramount's stock can be accessed through Invesco ETFs (RSPC, PEJ).

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 12:03 pm

BA

Boeing's Chair, Kellner, is scheduled to meet with airline CEOs starting next week amid pressures from airlines following the Alaska MAX accident and ongoing quality issues, according to the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:00 pm

PZZA

Papa John's International is progressing with its Back to Better 2.0 growth strategy, aiming for a 2024 Adjusted Operating Income of $153M-$163M. The strategy includes marketing investments, new franchisee incentives, and international brand transformation. The company expects over 20% increase in North America net unit growth and 100-140 new international restaurants.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:46 am

LMT

MRCY

Mercury Systems and Lockheed Martin are collaborating to advance defense manufacturing capabilities in Switzerland, as part of an offset program related to Switzerland's purchase of the F-35 Lightning II. Mercury will manufacture embedded computing technologies in Geneva, with potential for further expansion.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:40 am