Streetbeat News

Partnerships

KPTI

Onco360 has been selected as the national specialty pharmacy network partner for Karyopharm Therapeutics' XPOVIO, a first-in-class XPO-1 inhibitor approved for multiple oncology indications. XPOVIO is designed for patients with multiple myeloma and diffuse large B-cell lymphoma (DLBCL) who have undergone previous treatments. This partnership aims to enhance the distribution and accessibility of XPOVIO for patients. Karyopharm's XPOVIO has received multiple FDA approvals since 2019 for its role in inhibiting the nuclear export protein XPO-1.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:38 pm

DKNG

NFL star Aaron Rodgers is considered a potential vice-presidential candidate for Robert F. Kennedy Jr.'s 2024 third-party presidential run. Rodgers, known for his anti-vaccine stance and support for Bitcoin, has been in continuous talks with Kennedy Jr. This political involvement raises concerns about his future with the New York Jets, especially as the NFL season approaches. DraftKings Inc (NASDAQ:DKNG) lists the Jets with odds of +2,500 to win Super Bowl LIX, with Rodgers also a favorite for the 2024 NFL MVP Award.

Portfolio Pulse from Chris Katje

March 13, 2024 | 8:30 pm

SPRB

Spruce Biosciences reported a FY23 EPS of $(1.24), an improvement from $(1.96) YoY. Collaboration revenue reached $10.1M, mainly from a deal with Kaken Pharmaceutical for tildacerfont in Japan. Despite cost reductions and a 21% workforce reduction, R&D expenses rose to $49.4M, driving total operating expenses to $62.1M and a net loss of $47.9M. The company's cash position is strong, with $96.3M in cash and equivalents, extending its runway through the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:16 pm

GDYN

Grid Dynamics has been awarded the AWS Well-Architected Partner Status, recognizing its capability to build and audit secure, high-performing, resilient, and efficient infrastructure for applications on AWS. This status enables Grid Dynamics to offer clients significant cost savings, faster time to market, improved application performance, and reduced security risks by leveraging a proven methodology to mitigate risks and modernize application workloads.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:11 pm

WS

Worthington Steel's joint venture, TWB Company, has entered into a licensing agreement with ArcelorMittal Tailored Blanks to use its ablation technology. TWB plans to install an automated ablation line at its Monroe, Michigan facility.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:02 pm

DIS

Trian Fund Management, an activist investor in Disney, clarified that it does not oppose Bob Iger's reelection as CEO of Disney. They also stated that Ike Perlmutter is not seeking a board seat and will not influence the fiduciary responsibilities of Trian's candidates at Disney. Trian criticized Disney for being slow to adapt to streaming.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 7:43 pm

DIS

Trian Fund Management, L.P. has nominated Nelson Peltz and Jay Rasulo for election to Disney's Board of Directors, opposing the reelection of incumbents Michael B.G. Froman and Maria Elena Lagomasino. Trian criticizes Disney's current board for deflecting from performance issues and misrepresenting Trian's contributions, highlighting Disney's underperformance in stock and earnings. Trian, owning over $3.5 billion in Disney shares, advocates for change to improve governance and oversight, emphasizing Disney's potential for future outperformance.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 7:40 pm

PHIO

Phio Pharmaceuticals has expanded its clinical trial sites to include Banner MD Anderson Cancer Center, aiming to enhance its research capabilities and patient access for its ongoing studies.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 6:01 pm

HAS

Hasbro and Max-Matching Entertainments have entered into a strategic licensing partnership to develop location-based entertainment projects leveraging Hasbro's intellectual properties. This collaboration aims to expand the reach and engagement of Hasbro's brands through innovative entertainment experiences.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 5:39 pm

GS

Goldman Sachs Group, Inc. (NYSE:GS) aims to expand its private credit portfolio from $130 billion to $300 billion in five years. Marc Nachmann, global head of asset and wealth management, announced plans to raise $40-$50 billion for alternative investments this year, with a significant portion allocated to private credit strategies. The expansion is part of a broader strategy to improve return on equity and grow the wealth management business, particularly focusing on ultra-high-net-worth clients in Europe and Asia.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 5:26 pm