Streetbeat News

Partnerships

CRL

Wheeler Bio, Inc. has entered into a strategic agreement with Charles River Laboratories International, Inc. (NYSE:CRL) to provide Wheeler Bio's Portable CMC platform to Charles River's clients, aiming to expedite the transition from pre-clinical stages to human clinical trials.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:28 am

BBY

Best Buy Co., Inc. (NYSE:BBY) is anticipated to report a decrease in Q4 earnings with an expected EPS of $2.51, down from $2.61 the previous year, and a projected revenue of $14.53 billion, slightly lower than $14.73 billion year-over-year. The company recently entered a strategic partnership with Bell Canada. Analysts have provided mixed ratings, with price targets ranging from $68 to $76. Best Buy's stock rose 0.8% to close at $79.68 recently.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 6:52 am

TSLA

Peter Blades, the lead interior designer for Tesla's Model 3 and Model Y, has joined aviation startup Skyryse as VP of Design. Blades, who has a decade of experience at Tesla and has worked with other major companies, will now focus on designing aircraft interiors for Skyryse. This move comes amid a series of key executive departures from Tesla over the past year.

Portfolio Pulse from Anan Ashraf

February 29, 2024 | 4:36 am

BABA

HOOD

SKGR

Webull Corporation is planning a U.S. listing through a merger with SK Growth Opportunities Corp. (NASDAQ:SKGR), valuing the combined entity at $7.3 billion. The move comes after Webull decided to divest its cryptocurrency trading operations due to regulatory challenges, aiming to comply with SEC requirements. This strategic pivot is seen as a key step in overcoming previous obstacles to going public. Webull, with 20 million users and $370 billion in equity notional volumes, also announced a partnership with the Brooklyn Nets and New York Liberty.

Portfolio Pulse from Piero Cingari

February 28, 2024 | 11:02 pm

BILL

Xero has announced a strategic partnership with BILL to enhance accounts payable capabilities for Xero's US customers. This collaboration will integrate BILL's payment solutions into the Xero platform, allowing small businesses to efficiently manage bill payments directly within Xero. The solution aims to automate financial operations and improve cash flow management for over 33 million SMBs in the US, addressing the challenge of manual bill payments. Details on the bill pay solution will be released later this year.

Portfolio Pulse from Happy Mohamed

February 28, 2024 | 10:18 pm

KEYS

Keysight Technologies has invested $10M in EMVision, an Australian medical device company, to support the development of portable brain imaging technology. This investment marks Keysight's first global investment in medical imaging innovation and provides EMVision with a fully funded path to market for its emu™ device. The technology aims to improve stroke care by enabling rapid diagnostics in settings where traditional imaging is unavailable. EMVision also plans to develop a first responder device for use in ambulances. Keysight will acquire an 8.73% shareholding in EMVision.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:12 pm

ODC

Amlan International has announced a partnership with Grupo Profil to provide innovative gut health solutions for protein producers. This collaboration aims to enhance productivity and sustainability in the protein production industry. Although not explicitly mentioned, Oil-Dri Corporation of America (ODC), the parent company of Amlan International, is likely to be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:02 pm

STEM

Stem, Inc. (NYSE:STEM) has announced that Mercuria Energy Trading has selected its Athena PowerBidder Pro application to optimize bid management for its first energy storage system in ERCOT. This software-only contract will enable Mercuria to leverage advanced analytics, price forecasting, and automation for trading strategies in the Texas power market. Stem's PowerBidder Pro, part of the Athena platform, offers real-time metrics, industry forecasts, and customizable trading strategies to enhance returns and manage risks for Mercuria's growing energy storage portfolio.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:53 pm

IKT

Inhibikase Therapeutics, Inc. (NASDAQ:IKT) announced outcomes of its pre-NDA meeting with the FDA regarding IkT-001Pro, a prodrug of imatinib mesylate for treating blood and stomach cancers. The FDA's feedback was positive, suggesting no need for a formal risk analysis of medication errors and allowing the pursuit of all 11 indications previously approved for imatinib mesylate. The company plans further discussions with the FDA on cardiopulmonary applications of IkT-001Pro in April 2024. IkT-001Pro aims to be a safer alternative to imatinib, with potential benefits for patients with Stable-Phase Chronic Myelogenous Leukemia.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:51 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) has introduced Anduro, a new multi-chain layer-two network on Bitcoin, designed to expand Bitcoin's functionality and encourage its adoption. Anduro aims to facilitate the creation of sidechains for innovation within the Bitcoin ecosystem, with Marathon developing the first two sidechains, Coordinate and Alys. This initiative could potentially introduce a new source of fee revenue for Marathon and increase Bitcoin's adoption by enhancing its programmability and scalability.

Portfolio Pulse from Happy Mohamed

February 28, 2024 | 9:45 pm