Streetbeat News

Partnerships

BIRD

Allbirds, Inc. has finalized two international distribution agreements, expanding its global reach. These deals are expected to enhance Allbirds' market presence and potentially increase its revenue streams from international sales.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:24 pm

BOX

MSFT

Box has expanded its partnership with Microsoft by integrating Azure OpenAI Service into its platform, making Box AI available to Enterprise Plus plan customers. This integration allows Box customers to access advanced AI models while ensuring enterprise-grade security, privacy, and compliance standards.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:08 pm

MRAI

Marpai has announced a new client agreement, marking further expansion in the Southeast. The financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:02 pm

AMZN

TGT

WMT

Target (NYSE:TGT) reported better-than-expected holiday quarter results, with revenue and net income surpassing estimates. Shares surged 12% as Target announced a paid membership program to compete with Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT). The program, launching next month, aims to offer same-day delivery and other benefits for $49 per year. Despite a challenging year with sluggish sales and increased theft, Target is optimistic about its sales recovery through new initiatives.

Portfolio Pulse from Upwallstreet

March 05, 2024 | 8:15 pm

GP

GreenPower Motor Company Inc. (NASDAQ: GP) delivered the first all-electric Type D BEAST school bus to Phoenix Elementary School District in Arizona, marking the state's first deployment of GreenPower's zero-emission vehicle. The BEAST is designed with a unified structure featuring an aluminum body and a high strength steel chassis, offering dual port charging with Level 2 and DC Fast Charging options. Phoenix Elementary School District, serving around 5,000 students, aims to transition to all-electric student transportation for safer and more sustainable options. The district purchased the BEAST through GreenPower's authorized dealer RWC Group.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:02 pm

ALNY

RHHBY

Alnylam Pharmaceuticals Inc (ALNY) and Roche Holdings AG (RHHBY) announced positive results from the KARDIA-2 Phase 2 study of zilebesiran for hypertension, meeting its primary endpoint. Zilebesiran, an RNAi therapeutic, showed significant reductions in systolic blood pressure across three patient cohorts. The drug is co-developed with Roche and demonstrates a promising safety profile. A global Phase 2 study, KARDIA-3, is also underway. Despite the focus on the HELIOS-B trial for vutrisiran, analysts maintain an optimistic outlook on Alnylam, particularly for its TTR silencers, with an Outperform rating reaffirmed. ALNY shares dropped 1.22% to $148.21.

Portfolio Pulse from Vandana Singh

March 05, 2024 | 7:38 pm

FCNCA

First Citizens Bank (NYSE:FCNCA), not BAC as hinted, has provided a $1 million working capital line of credit to MC Nutraceuticals, a global supplier of hemp-derived cannabinoids, marking its entry into the cannabis market. This move by one of America's largest banks, with over $200 billion in assets, signifies a major step towards mainstream financial acceptance of the cannabis sector. MC Nutraceuticals plans to use the credit to support its growth and expand its e-commerce distribution of hemp products globally.

Portfolio Pulse from Jelena Martinovic

March 05, 2024 | 7:06 pm

DIS

Disney CEO Bob Iger, at the Morgan Stanley Conference, emphasized the company's commitment to maintaining its relationship with the NBA, indicating it as a strategic goal.

Portfolio Pulse from Charles Gross

March 05, 2024 | 6:43 pm

CRWD

DELL

Dell Technologies Inc. (DELL) and CrowdStrike Holdings, Inc. (CRWD) shares are trading lower after announcing an extension of their partnership. The collaboration enhances Dell's Managed Detection and Response services through the CrowdStrike Falcon XDR platform, aiming to defend against complex cyberattacks. Despite the strategic move, both companies' shares saw a decline, with CRWD down 6.84% and DELL down 6.18%.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 6:19 pm

GOOG

GOOGL

TSLA

UBER

A Reddit post discussed Alphabet Inc's Waymo, highlighting its advanced autonomous driving technology and potential for industry dominance. Users shared positive experiences and optimism for Waymo's expansion and its role in Google's AI portfolio. Despite challenges, the sentiment is bullish on Waymo's long-term prospects.

Portfolio Pulse from Surbhi Jain

March 05, 2024 | 5:31 pm