Streetbeat News

Partnerships

COLD

Americold Realty Trust (NYSE:COLD) announced plans to develop its first cold storage facility on the Canadian Pacific Kansas City (CPKC) rail network in Kansas City, Missouri, marking a strategic collaboration between COLD and CPKC (TSX:CP) (NYSE:CP). The $127 million facility aims to connect key U.S. Midwest and Mexico markets, supporting CPKC's MMX service for more efficient goods transport. The project, expected to create nearly 190 jobs, underscores Missouri's strategic value and aims to strengthen North American supply chains.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:43 pm

LGND

Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) announced its partner Eisai Co., Ltd. received approval in Japan for an injection formulation of the antiepileptic drug Fycompa, formulated with Ligand's Captisol technology. This marks the 16th Captisol-enabled product approved worldwide. Ligand is entitled to royalties from sales of this new formulation. Fycompa, a first-in-class AED, targets glutamate activity at AMPA receptors to reduce seizures. It is approved in over 75 countries for various forms of epilepsy.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:29 pm

GRAM

At Benzinga's Market Spotlight: California conference, cannabis industry experts emphasized the importance of being selective in partnerships and financial decisions for growth in the competitive California market. Snoop Dogg's Death Row Cannabis focuses on quality in California, while Gold Flora Corp (OTC:GRAM) aims to leverage its strengths post-merger with The Parent Co. The upcoming Benzinga Cannabis Capital Conference in Florida was also highlighted.

Portfolio Pulse from Dustin Blitchok

February 22, 2024 | 8:10 pm

ARM

INTC

MSFT

UMC

Intel Corp (NASDAQ:INTC) hosted Intel Foundry Direct Connect, where CEO Pat Gelsinger outlined the future of Intel, including the division into Intel Products and Intel Foundry. The event detailed updates to the Foundry services roadmap, including new business units, volume production updates, and partnerships. Notably, Intel is expanding its foundry services and has design wins with Microsoft Corp (NASDAQ:MSFT) and Arm Holdings Plc (NASDAQ:ARM) for SoCs. Additionally, Intel announced a partnership with United Microelectronics Corp (NYSE:UMC) for 12nm production. Despite these developments, Oppenheimer analyst Rick Schafer maintains a Perform rating on INTC, citing the company's ongoing efforts to achieve process leadership and foundry ambitions.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 7:37 pm

MSFD

MSFT

MSFU

Microsoft is leading in AI with its investment in OpenAI, powering products like Copilot, and leveraging Azure for backend processing. This has propelled Microsoft's growth, with Azure's revenue up 30% last quarter. The partnership with OpenAI, especially in AI and cloud services, is challenging AWS's market dominance. For investors, Direxion offers leveraged ETFs, MSFU for bulls and MSFD for bears, to capitalize on Microsoft's performance.

Portfolio Pulse from Johnny Rice

February 22, 2024 | 6:58 pm

RACE

Ferrari (NYSE:RACE) stock reached a new 52-week high of $411.90, outperforming the S&P 500 Index significantly over the past year and so far in 2024. Key growth drivers include Warren Buffett's endorsement, a 34% surge in net profit for 2023, raised forecasts for 2024, full order books until 2025, and an approaching $100 billion market cap. UBS rated the stock a Buy with a price target of $448. Ferrari's share buyback program and competitive differentiation in the auto sector also contribute to its strong performance.

Portfolio Pulse from Surbhi Jain

February 22, 2024 | 6:54 pm

AXSUSD

Luke Barwikowski, founder of Pixels, discusses the company's plan to revolutionize Web3 gaming, emphasizing seamless onboarding, strategic use of the Ronin Network, and community engagement through airdrops. The partnership with Binance Launchpool significantly increased daily active users, highlighting the importance of credible partnerships. Barwikowski envisions a future where Pixels leverages Web3 to enhance gaming and content monetization, with plans for multilingual support and the introduction of dungeons feature.

Portfolio Pulse from Jose Rodrigo Safdiye

February 22, 2024 | 5:33 pm

MRK

MRNA

MYNZ

PFE

SGEN

Pfizer Inc (PFE) acquired Seagen Inc. (SGEN) to boost its oncology portfolio, aiming to add $25 billion to its annual revenue by the end of the decade. Moderna Inc (MRNA) and Merck & Co Inc (MRK) reported positive trial data for their melanoma cancer vaccine, showing significant reduction in death and recurrence risk. Mainz Biomed N.V. (MYNZ) announced a partnership for its colorectal cancer screening test, ColoAlert, with Europe's leading online medical retailer, aiming to improve early cancer detection.

Portfolio Pulse from Upwallstreet

February 22, 2024 | 5:21 pm

ADI

INTC

MSFT

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSM) stock rose due to Nvidia's positive quarterly results, indicating a sustained interest in AI. Nvidia reported a significant year-over-year revenue increase and provided an optimistic revenue forecast. Additionally, Analog Devices (ADI) announced a partnership with TSMC for long-term wafer capacity, involving TSMC's subsidiary JASM in Japan. This collaboration aims to enhance ADI's supply capabilities for critical technology. The semiconductor industry also sees movements from Microsoft and Intel in chip manufacturing.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 5:03 pm

CNNE

Cannae Holdings, Inc. (CNNE) shares have seen an uptick following the announcement of its fourth-quarter financial results and a strategic partnership with JANA Partners. This development indicates a positive reception from the market, likely due to the potential growth and value addition from the partnership with JANA Partners, alongside strong Q4 performance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:06 pm