Streetbeat News

Partnerships

NNOX

Nanox collaborates with Beilinson Hospital to study the diagnostic capabilities of Nanox.ARC, a stationary X-ray system, for detecting lung and chest diseases. The study involves scanning patients to assess the clinical utility of tomographic imaging for various pulmonary conditions.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:01 pm

BILL

XROLF

Xero Ltd. (OTC:XROLF) has formed a strategic partnership with BILL Holdings, Inc. (NYSE:BILL) to introduce a bill pay solution for small businesses in the U.S. This solution, integrated within the Xero Platform, aims to streamline bill payments and enhance cash flow management by automating transactions and providing access to BILL's network of 5.8 million members. The solution is expected to reduce reliance on manual processes for over 33 million small businesses in the U.S. Further details will be announced later this year. Meanwhile, BILL shares saw a slight decrease of 0.11% to $63.69 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 12:59 pm

MSFT

NVDA

Figure AI announced it has raised $675 million at a valuation of $2.6 billion and signed a collaboration agreement with OpenAI. The funding round includes investments from Microsoft, OpenAI Startup Fund, Nvidia, and Jeff Bezos.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:59 pm

AUVI

Applied UV (AUVI) announced that its subsidiary, Munnworks, has entered into a multi-year exclusive global licensing agreement with the purchase of the continuing business of Element Designs Collaborative. This strategic move aims to expand Applied UV's market presence and product offerings.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:31 pm

IBM

IBM has announced that the Mixtral-8x7B, a popular open-source large language model developed by Mistral AI, is now available on its Watsonx AI and Data platform. This move signifies IBM's commitment to enhancing its AI offerings and providing advanced tools for data analysis and AI applications.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:24 pm

XMTR

YELP

Xometry, Inc. (NASDAQ:XMTR) has appointed James Miln, previously with Yelp (NYSE:YELP), as its new CFO effective March 1, 2024. Miln brings extensive financial and operational expertise from his time at Yelp, where he contributed to significant growth and the introduction of AI-powered search features. He replaces Jim Rallo, who is retiring but will stay on as an advisor until April to assist with the transition.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:10 pm

STN

Stantec has been chosen to design Agratas, Tata Group's £4B battery manufacturing facility in the UK, expected to create up to 4,000 jobs and support thousands more in the supply chain.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:49 am

ADBE

Adobe Inc. (NASDAQ:ADBE) has unveiled Project Music GenAI Control, an AI tool enabling users to create and edit custom music from text prompts. Developed in collaboration with the University of California, San Diego, and Carnegie Mellon University, this tool represents Adobe's continued expansion into generative AI, following the launch of Firefly. BMO Capital Markets analyst Keith Bachman has reiterated an Outperform rating on Adobe, with a price target of $645, highlighting the growth potential of generative AI for Adobe.

Portfolio Pulse from Rounak Jain

February 29, 2024 | 11:47 am

THC

Tenet Healthcare Corporation (THC) has agreed to sell two hospitals in San Luis Obispo County to Adventist Health for approximately $550 million. Additionally, Tenet's Conifer Health Solutions will provide revenue cycle services to Adventist Health. The sale includes Sierra Vista Regional Medical Center and Twin Cities Community Hospital, along with affiliated physician practices.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:46 am

TTE

TotalEnergies SE (NYSE:TTE) has signed a 16-year sale and purchase agreement with Sembcorp Fuels to deliver up to 0.8 million tons of LNG annually starting in 2027. This deal builds on an existing agreement running until 2029. Additionally, TotalEnergies recently announced partnerships for methane emission detection in India and a majority stake acquisition in the Tungsten Explorer drillship. The company also reported a revenue of $59.237 billion for Q4 FY23, surpassing estimates, despite a 12% decline in hydrocarbon production, and increased its quarterly dividends by 7.1% to €0.79.

Portfolio Pulse from Lekha Gupta

February 29, 2024 | 11:39 am