Streetbeat News

Partnerships

META

SONY

UMGNF

WBD

TikTok is in a licensing dispute with Universal Music Group NV (UMGNF) and is nearing the end of its deal with the National Music Publishers Association (NMPA), leading to the removal of music co-written by UMGNF songwriters. The NMPA advises members to negotiate directly with TikTok or explore enforcement options. TikTok's parent, ByteDance, reported Q3 2023 revenues of $30.9 billion, close to Meta Platforms Inc's (META) $34 billion. The dispute could escalate if other publishers like Sony Group Corp. (SONY) and Warner Bros. Discovery Inc's (WBD) Warner Chappell join, affecting more music on the platform.

Portfolio Pulse from Franca Quarneti

March 07, 2024 | 8:37 pm

FETUSD

Fetch.ai (FET), an AI-related cryptocurrency, has seen a 350% surge in 30 days, following a $100M infrastructure deal involving Nvidia GPUs. This surge has resulted in significant profits for traders, with one making $12M. The total market cap of AI coins has increased by 14%, with Fetch.ai being the second most-traded AI coin. The upcoming Nvidia GPU Technology Conference and bullish sentiments from notable crypto figures further fuel optimism for FET's growth.

Portfolio Pulse from Khyathi Dalal

March 07, 2024 | 8:04 pm

ACLX

BMY

GILD

JNJ

Morgan Stanley initiates Arcellx Inc (ACLX) with an Overweight rating and a price target of $81, highlighting its lead asset ddBCMA's potential to outperform Bristol-Myers Squibb (BMY) and Johnson & Johnson's (JNJ) multiple myeloma cell therapies. ddBCMA's differentiated design is expected to offer advantages in transduction efficiency and stability. Collaboration with Gilead Sciences (GILD) aims to overcome manufacturing challenges. Arcellx's ddBCMA could capture up to 46% of the market by 2026 if approved.

Portfolio Pulse from Vandana Singh

March 07, 2024 | 7:52 pm

LLY

Eli Lilly And Co (NYSE:LLY) is taking legal action against various entities for selling fake compounded versions of tirzepatide, found to contain bacteria and impurities. These products falsely claim to be alternatives to Eli Lilly's diabetes and weight loss medications, Mounjaro and Zepbound. The company is also increasing production of Zepbound through partnerships.

Portfolio Pulse from Vandana Singh

March 07, 2024 | 7:47 pm

HPQ

HP Inc. announced new services and solutions at the Amplify Partner Conference 2024, including HP WEX, an AI-enabled digital experience platform, and initiatives to extend device life and accelerate a circular economy. These offerings aim to enhance productivity, reduce TCO, and support channel partners in delivering superior work experiences. HP also introduced new Managed Services, simplified support packages, and a partnership with Microsoft to integrate WEX with Copilot for Security.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:22 pm

MSFT

Microsoft Corp's (NASDAQ:MSFT) second Xbox Partner Preview event showcased a variety of third-party games for Xbox and Windows PCs. The event featured gameplay trailers and announcements for upcoming games, including titles from developers like Reflector Entertainment, Joshua Boggs, 11 Bit Studios, RocketRide Games, Frogwares, Square Enix, and Capcom. Notable games mentioned include 'Unknown 9: Awakening', 'Sleight of Hand', 'The Alters', 'Creatures of Ava', 'Griefville: Survive the Nightmare!', 'The Sinking City 2', 'Final Fantasy XIV Online: A Realm Reborn', and 'Kunitsu-Gami: Path of the Goddess'. The event emphasized Microsoft's commitment to enriching its gaming ecosystem with diverse and engaging content.

Portfolio Pulse from Franca Quarneti

March 07, 2024 | 6:20 pm

LLY

NVO

Cigna Group's subsidiary, Evernorth Health Services, introduced a financial guarantee within its EncircleRx program to provide clients with predictability in covering GLP-1s, aiming to control health plans and employers' expenditures. This initiative includes a cost cap or savings guarantee, enhancing accessibility for patients. Evernorth has agreements with Novo Nordisk and Eli Lilly to cap annual spending increases for weight loss and diabetes drugs at 15%. Cigna also raised its long-term average annual adjusted EPS growth target to 10%-14% and reaffirmed its fiscal year 2024 adjusted EPS guidance.

Portfolio Pulse from Vandana Singh

March 07, 2024 | 6:18 pm

GOOGL

Google has announced a partnership with Elastic to support Elastic Cloud on Kubernetes (ECK) on Google Kubernetes Engine (GKE) in Autopilot mode. This collaboration allows customers to leverage the benefits of GKE Autopilot and ECK for search, observability, and security needs, offering a fully managed Kubernetes experience with dynamic scalability and low total cost of ownership. GKE Autopilot manages clusters, nodes, and Kubernetes upgrades, while ECK streamlines the operations of the Elastic Stack on Kubernetes, facilitating cluster management and advanced functionalities.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:52 pm

HYMTF

NSANY

RIVN

TSLA

WKSP

Ford Motor (NYSE:F) reported expanding EV sales, including its electric F-150 Lightning. Tesla (NASDAQ:TSLA) and Rivian (NASDAQ:RIVN) face production challenges, with Rivian betting on an affordable SUV. Nissan (OTC:NSANY) is in talks with Fisker for electric pickups. Worksport Ltd. (NASDAQ:WKSP) announced solar-powered accessories for electric pickups, targeting major brands like Ford, General Motors (NYSE:GM), Hyundai (OTC:HYMTF), and potentially Tesla's Cybertruck.

Portfolio Pulse from Upwallstreet

March 07, 2024 | 5:51 pm

VLD

Velo3D's stock price increased following the announcement that Bechtel Plant Machinery has chosen Velo3D's metal additive manufacturing solution for parts production in the U.S. Naval Nuclear Propulsion Program.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:31 pm