Streetbeat News

Partnerships

TGTX

TG Therapeutics, Inc. announced the European launch of BRIUMVI for treating relapsing forms of multiple sclerosis, starting in Germany, with plans for further European expansion. The launch triggers a $12.5M milestone payment to TG Therapeutics from its partner, Neuraxpharm Group.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:03 pm

AAPL

GOOG

MSFT

In a recent court document, Google revealed that Microsoft had proposed to sell Bing to Apple in 2018, a deal that never materialized due to quality concerns from Apple. This disclosure is part of Google's ongoing antitrust case, highlighting competition in the search engine market. Despite Microsoft's significant investment in Bing, its market share remains low. However, Microsoft's collaboration with OpenAI could potentially enhance Bing's competitiveness.

Portfolio Pulse from Rounak Jain

February 26, 2024 | 11:41 am

V

Visa and the GSMA Foundation have announced the launch of the 'Digital Finance For All' initiative, aimed at expanding access to digital financial services globally. This partnership signifies a strategic move to leverage technology and innovation to foster financial inclusion, particularly in underserved communities.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:37 am

DNN

Denison Mines has finalized the acquisition of fixed and mobile MaxPERF Tool Systems from Penetrators Canada, with the terms of the deal remaining undisclosed. Additionally, Penetrators has committed to an exclusive 10-year agreement with Denison for the use of these systems in uranium mining applications in Saskatchewan.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:36 am

FRGT

Fr8App has secured key transportation routes through Envases Universales' annual 2024 RFQ, highlighting its commitment to exceptional transportation services and adaptability to client needs.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:31 am

FDP

Fresh Del Monte Produce (FDP) is exploring strategic alternatives for its Mann Packing operation following a strategic review. This review led to a non-cash impairment of $131.2 million, primarily associated with Mann Packing. The company aims to improve profitability through innovations, strategic partnerships, and cost control.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:09 am

NIO

NIO Inc. has entered into a technology license agreement with Forseven Limited, a subsidiary of CYVN Holdings, to grant a non-exclusive, non-transferrable worldwide license for the use of its smart electric vehicle technologies. The agreement covers the research, development, manufacturing, sales, import, and export of Forseven-branded vehicle models and the provision of after-sales services.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:05 am

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ:META), is on an Asia tour, visiting Japan, South Korea, and India for discussions on artificial intelligence and meetings with key figures. In Japan, he will engage with Meta's developers about Quest VR headsets and Llama AI. In South Korea, he plans to meet with Samsung and LG executives for AI cooperation and extended reality headset development. Zuckerberg's visit aims to strengthen Meta's position in AI and VR technologies.

Portfolio Pulse from Ananya Gairola

February 26, 2024 | 9:50 am

LNVGF

LNVGY

Lenovo Group Ltd (OTC:LNVGF) (OTC:LNVGY) showcased a prototype laptop with a see-through screen at the Mobile World Congress in Barcelona. The device features AI-powered capabilities, including a camera that can identify objects behind the screen. Although it's a concept with no immediate sales plans, it highlights Lenovo's commitment to innovation. This comes as Lenovo's PC sales decline post-COVID-19 surge and amidst challenges like a call for a US ban on its computers impacting shares. Lenovo's recent moves, including a partnership with Baidu for AI integration in smartphones, aim to keep it ahead in the tech industry.

Portfolio Pulse from Benzinga Neuro

February 26, 2024 | 9:12 am

SMCI

Supermicro, Inc. (NASDAQ:SMCI) has expanded its portfolio of infrastructure solutions aimed at enhancing the performance and efficiency of 5G and telecom workloads. The company's diverse offerings now include systems powered by 5th Gen Intel Xeon processors, AMD EPYC 8004 Series processors, and the NVIDIA Grace Hopper Superchip, supporting public and private 5G infrastructures and AI applications. Supermicro, a member of the O-RAN Alliance, emphasizes open networking platforms in its portfolio.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 8:53 am