Streetbeat News

Partnerships

AMZN

LDOS

Leidos, a defense contractor and information technology company, has entered into a strategic collaboration agreement with Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. The financial terms of the agreement were not disclosed. This partnership aims to leverage AWS's cloud services to enhance Leidos's offerings in the defense and information technology sectors.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:02 pm

FXI

STLA

Stellantis has received approval from Chinese regulators to form a joint venture with LeapMotor, according to Reuters citing sources. This move marks a significant step for Stellantis in expanding its presence in the Chinese market.

Portfolio Pulse from Charles Gross

March 06, 2024 | 12:58 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) shares dropped in premarket trading on Wednesday after reporting Q4 financial results and guidance below estimates. The company's shares have lost over 70% in the last six months, underperforming the S&P 500. ChargePoint reported a quarterly loss of 23 cents per share, with sales missing analyst estimates. The company also announced a revenue forecast for the next quarter significantly lower than expected. Additionally, ChargePoint highlighted its collaboration with AcBel Polytech for developing EV charging solutions.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 12:52 pm

MRAI

Marpai shares surged following the announcement of better-than-expected preliminary Q4 net revenue results and an 'Off-Cycle' new client agreement.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:40 pm

WVE

WAVE Life Sciences reported having $200M in cash and cash equivalents as of December 31, 2023. In the first quarter of 2024, the company received an additional $34M from a milestone payment from GSK and the full exercise of the Greenshoe option. This financial boost extends the company's operational runway into the fourth quarter of 2025.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:34 pm

KRMD

Koru Medical Systems has entered into a clinical supply agreement for a novel subcutaneous immunoglobulin drug that is entering Phase 3 trials. The custom product for this trial, based on the KORU Medical Freedom System, has been tailored to meet the unique infusion needs of this new drug.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:28 pm

ADAP

Adaptimmune announced its cash runway extends into early 2026, with over $300M including current cash, expected income from partners, and other non-dilutive capital sources.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:15 pm

CTVA

EVGN

AgPlenus has reached a significant milestone in its collaboration with Corteva Agriscience (CTVA) to develop novel herbicides, marking progress in their joint effort to enhance agricultural productivity.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:07 pm

EVC

Entravision shares are trading lower following Meta's decision to terminate its ASP program globally by July 1, impacting all ASPs including Entravision. This program constituted a significant part of Entravision's total consolidated revenue.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:51 am

STLA

Stellantis and Nexus Automotive International have entered into a strategic business partnership to enhance the development of parts and aftersales services globally. This collaboration aims to leverage both companies' strengths to improve service offerings and expand their market reach.

Portfolio Pulse from Charles Gross

March 06, 2024 | 11:11 am