Streetbeat News

Partnerships

DTSS

Datasea Inc. (NASDAQ:DTSS) shares fell by 6% in premarket trading after a 9% gain the previous day. The drop comes despite the company's recent announcement of a $30 million deal with Hangzhou Chongda Technology Co. to increase sales of 5G multimodal communication services in China. Datasea has seen a 300% increase in share value over the last month and reported $18.3 million in revenue from related services in the first two quarters of 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 16, 2024 | 12:18 pm

BAC

SBUX

Bank of America Corporation (NYSE:BAC) and Starbucks Corporation (NASDAQ:SBUX) have launched a partnership allowing their cardholders and rewards members to earn additional perks through account linkage. Eligible Bank of America cardholders can earn 2% cash back on qualifying purchases and 1 Star per $2 spent at Starbucks when they link their card to a Starbucks Rewards account. This initiative aims to enhance customer loyalty by offering more valuable benefits.

Portfolio Pulse from Nabaparna Bhattacharya

February 16, 2024 | 11:07 am

COIN

Coinbase Global Inc (NASDAQ:COIN) CEO Brian Armstrong announced during an earnings call that Coinbase has been named as the custodian for 5 of the 8 Ethereum ETF applications. The company reported a 45.2% increase in net revenue to $905 million for the fourth quarter, turning a profit with a net income of $273 million. Transactional activity, particularly consumer crypto trading and institutional transaction revenue, played a significant role in this financial turnaround. Armstrong highlighted the positive impact of ETFs on the industry and Coinbase's role as a trusted partner in the growing adoption of cryptocurrencies by financial institutions.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 8:01 am

BLK

CBOE

Cboe Global Markets has listed iShares by BlackRock ETFs on its global exchange network, marking a significant milestone in its mission to expand the investable universe for investors. BlackRock is the first asset manager to list ETFs across Cboe's entire global network of listings exchanges. The newly listed ETFs, part of iShares by BlackRock's Factor ETF suite, are available for trading on Cboe Australia.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:27 am

REGN

SNY

Regeneron Pharmaceuticals, Inc. and Sanofi have received approval from Japan's Ministry of Health, Labor and Welfare for Dupixent (dupilumab) to treat chronic spontaneous urticaria (CSU) in patients 12 and older. This marks the first approval of Dupixent for CSU worldwide, highlighting its potential as a novel treatment option for patients with unmet needs. CSU becomes the fifth approved indication for Dupixent in Japan and the sixth globally.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:14 am

F

GM

STLA

TSLA

Morgan Stanley analyst Adam Jonas suggests that partnerships with each other or with China could be a strategic move for legacy automakers like Ford, General Motors, and Stellantis to compete against Chinese EV dominance. He emphasizes the inextricable link between mass EV adoption and China, noting the challenges of diversifying from Chinese supply chains due to cost, time, and regulatory hurdles. Jonas highlights Mexico's potential role as a bridge for China, with Chinese suppliers, including BYD, looking to establish plants there. Partnerships with startups, China, Tesla, or among themselves are seen as vital for legacy automakers to strengthen their EV supply chain.

Portfolio Pulse from Anan Ashraf

February 16, 2024 | 5:12 am

RNA

Avidity Biosciences will present long-term efficacy and safety data from the MARINA-OLE trial for AOC 1001 in Myotonic Dystrophy Type 1 at the 2024 Muscular Dystrophy Association Clinical & Scientific Conference. John W. Day, a key figure in neuromuscular medicine, will join Avidity's management for the presentation. The event is part of Avidity's investor and analyst series and will be webcast on March 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:02 pm

PATH

UiPath (NYSE:PATH) and Deloitte have expanded their strategic alliance by launching Deloitte's Smart Finance for Growth Companies, a turnkey automation offering tailored for growth company finance teams. This service leverages UiPath's AI-powered automation software and Deloitte's expertise to help companies quickly establish or scale their automation programs, enhancing capabilities and productivity. The offering aims to modernize finance functions and reduce manual tasks through intelligent automation.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:53 pm

MSFT

Microsoft's Xbox division announced significant advancements in gaming hardware, promising the 'largest technical leap' in a hardware generation. The new Xbox hardware is expected in Q4, with more console and controller options. Additionally, Xbox plans to incorporate Activision Blizzard games into Game Pass, starting with Diablo 4. Xbox also confirmed the release of four titles on other platforms, speculated to be Hi-Fi Rush, Pentiment, Sea of Thieves, and Grounded. Phil Spencer emphasized the diminishing role of exclusive games and Xbox's strategy to publish more games on PlayStation and Nintendo platforms.

Portfolio Pulse from Franca Quarneti

February 15, 2024 | 9:53 pm

NSC

Norfolk Southern Corporation (NYSE: NSC), BLET, SMART-TD, and the FRA have signed an agreement to participate in the FRA's Confidential Close Call Reporting System (C3RS). This landmark safety agreement aims to enhance rail safety by allowing Norfolk Southern employees to confidentially report safety concerns. The pilot program will involve employees at Norfolk Southern's Atlanta, Elkhart, Indiana, and Roanoke, Virginia locations. A joint committee of Norfolk Southern and labor representatives will review these reports to identify and implement safety improvements.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:50 pm