Streetbeat News

Partnerships

DOGE-USD

A property in Portugal has been listed for sale in Dogecoin (CRYPTO: DOGE), marking a significant move towards integrating digital currency with real estate. This initiative, led by Dogecoin developer Paulo Vidal and facilitated by Remax Portugal, demonstrates the growing acceptance of cryptocurrencies. The transaction process is integrated into Remax's system, allowing payments in Dogecoin without altering the agency's existing infrastructure. This development not only showcases Dogecoin's potential beyond an internet currency but also sets a precedent for cryptocurrency in real estate transactions.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 12:45 am

HOOD

Robinhood (NASDAQ:HOOD) announced its partnership with Arbitrum, a layer-2 Ethereum blockchain, to integrate into its Robinhood Wallet for simpler and more efficient crypto swaps. This collaboration aims to bridge traditional finance with decentralized finance (DeFi) and could significantly influence traditional investors' interaction with DeFi platforms, potentially increasing adoption and investment in the crypto ecosystem. Arbitrum is noted for its efficiency and lower transaction costs, with a total value locked (TVL) of approximately $3.2 billion.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 10:28 pm

NRGV

Energy Vault Holdings, Inc. (NRGV) announced the interconnection of its first EVx 100 MWh gravity energy storage system in Rudong, China, and the groundbreaking of three additional systems. These developments are part of a larger expansion in China, with nine EVx systems totaling 3.7 GWh under construction. The Rudong and Zhangye City systems have been designated as 'new energy storage pilot demonstration projects' by China's National Energy Administration. This recognition and the ongoing construction underscore the growing adoption of Energy Vault's technology in China's renewable energy sector.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:01 pm

IRTC

iRhythm Technologies, Inc. (NASDAQ:IRTC) announced a collaboration with Epic to use Epic's Aura platform for streamlining access to iRhythm's Zio services, aiming to improve operational efficiency for clinicians and enhance patient care. This partnership marks iRhythm as the first medical device company to join the Epic community, potentially saving healthcare organizations significant time and costs in integrating Zio services into Epic's EHR platforms. The collaboration is expected to make Zio services more accessible across various patient care settings and is set to begin in early 2025.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:58 pm

FSR

Fisker Inc (NYSE:FSR) reported a significant increase in Q4 revenue to $200.1 million but also a net loss of $1.23 per share. The company produced 4,789 vehicles and delivered 3,818 in Q4. Despite challenges and a strategic shift to a Dealer Partner model, Fisker faces doubts about its ongoing viability, planning workforce reductions and seeking additional investments. Fisker aims for 20,000 to 22,000 vehicle sales in 2024, with negotiations for a potential large automaker investment ongoing.

Portfolio Pulse from Adam Eckert

February 29, 2024 | 9:45 pm

FDMT

4D Molecular Therapeutics (4DMT) reported a narrower FY23 EPS loss of $(2.58) compared to $(3.32) YoY, and positive interim data from its Phase 2 PRISM study on 4D-150 for wet AMD, indicating progression to Phase 3 in Q1 2025. Positive data were also reported for 4D-710 in cystic fibrosis and 4D-310 in Fabry disease. Strategic partnerships with Astellas Pharma and Arbor Biotechnologies were highlighted. An upsized public offering raised $300 million, extending operational runway into H1 2027. The company anticipates key milestones across its portfolio in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:35 pm

NYCB

New York Community Bancorp, Inc. (NYCB) announced Alessandro DiNello as the new President and CEO, succeeding Thomas R. Cangemi. Marshall Lux is appointed as Presiding Director of the Board, replacing Hanif "Wally" Dahya. DiNello, previously Executive Chairman, brings over four decades of experience from Flagstar Bank. Lux, joining the Board in 2022, has a diverse background in the financial services industry. The leadership changes aim to support NYCB's transformation into a larger, diversified commercial bank.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:31 pm

FSR

Fisker is negotiating with a large automaker for a potential deal that may involve an investment, joint electric vehicle development, and North American manufacturing. The deal's closure is contingent on due diligence and definitive agreements. Fisker also plans to reduce its workforce by about 15%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:27 pm

RILY

B. Riley Financial, Inc. is exploring strategic alternatives for its Appraisal and Retail, Wholesale & Industrial Solutions businesses. This review aims to enhance shareholder value and could include a range of options such as sales, partnerships, or other transactions.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:05 pm

ONMD

OneMedNet shares surged following the announcement of a new network partnership agreement with a private U.S. hospital operator.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:11 pm