Streetbeat News

Partnerships

ADBE

AMZN

CRM

ORCL

SHOP

Shopify Inc (NYSE:SHOP) exceeded Q4 2023 estimates but provided mixed Q1 guidance, focusing on expanding its market against Amazon (NASDAQ:AMZN) and others. Despite a strong Q4, Shopify's cautious outlook and strategic shifts, including a deal with Amazon and targeting big retailers, signal a transformative phase amidst intense competition. Shopify's international expansion and focus on large retailers position it against Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), and Oracle (NYSE:ORCL), with significant growth and challenges ahead.

Portfolio Pulse from Upwallstreet

February 14, 2024 | 9:35 pm

CGAU

IPX

RGLD

Royal Gold, Inc. (RGLD) has extended its agreement with Centerra Gold Inc. (CGAU) for the Mount Milligan Mine until 2035, involving $125 million in cash and gold. Reliance Steel & Aluminum Co. (RS) is set to acquire American Alloy Steel, Inc., enhancing its value-added processing capabilities. IperionX Limited (IPX) is advancing in its efforts to scale titanium production, with significant developments in its manufacturing capabilities.

Portfolio Pulse from Austin DeNoce

February 14, 2024 | 9:32 pm

CELU

Celularity Inc. announced its technology for treating limbal stem cell deficiency (LSCD) will be presented at the World Biomaterials Congress. The study investigates a product combining human amniotic membrane and stem cells for ocular surface disorders. This highlights Celularity's advancements in regenerative medicine and potential for treating LSCD, a significant clinical opportunity.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 9:32 pm

META

Meta Platforms announced the election of Hock E. Tan and John Arnold to its board of directors, aiming to leverage their expertise in silicon and energy infrastructure to advance its AGI ambitions. Tan brings extensive experience from Broadcom and other tech firms, while Arnold offers insights from his work in energy and public systems through Arnold Ventures and Grid United.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 9:24 pm

SSNC

SS&C Technologies Holdings, Inc. (SSNC) has entered into a long-term agreement with DDH Graham, an Australian investment management firm. Under this agreement, DDH Graham will utilize SS&C's financial administration and technology resources on a sub-contracting basis. The transition of administration services to SS&C is expected to occur over the next few months.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:20 pm

CMCSA

DIS

DKNG

NKE

PARA

Tiger Woods returns to the PGA Tour at the Genesis Invitational after ending his partnership with Nike and launching a new apparel brand, Sun Day Red. The event, where Woods has historically struggled but is a longshot favorite, will be broadcasted by The Walt Disney Company, Paramount Global, and Comcast Corporation. Betting odds from DraftKings show Woods as a longshot to win, with various payouts for different finishes.

Portfolio Pulse from Chris Katje

February 14, 2024 | 8:22 pm

BIIB

ESALY

NVS

Biogen Inc (NASDAQ:BIIB) reported Q4 2023 sales of $2.39 billion, missing estimates and showing a 6% Y/Y decline. Adjusted EPS also fell by 27%. The company's partner, Eisai Co Ltd (OTC:ESALY), faces delays with Leqembi's patient enrollment, impacting Biogen's stock growth. Baird analyst lowered Biogen's price target to $316 from $333 but maintained an Outperform rating. Competition in Spinal Muscular Atrophy treatments from Novartis AG (NYSE:NVS) and Roche's Genentech affects Biogen's Spinraza. Biogen may pursue $1B-$2B deals to fill revenue gaps, focusing on the CNS space.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 8:11 pm

OKTA

Okta announced a collaboration with OpenAI to host a session on building identity automation using Okta Workflows and OpenAI. The event is scheduled for this Thursday.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:11 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) has announced a collaboration with 'Dune: Part Two', introducing a unique Xbox Series S console and the 'world's first floating Xbox controller'. This exclusive set, inspired by the film, is available through a competition running from Feb. 13 to March 25, 2024. The collaboration also includes the 'Dune' expansion on Microsoft Flight Simulator, allowing exploration of Arrakis. Microsoft is known for its innovative controller designs, with past creations including 'Sonic the Hedgehog'-themed gamepads and an edible controller.

Portfolio Pulse from Franca Quarneti

February 14, 2024 | 8:00 pm

MIMO

The Division of Naval Surface Warfare Center has announced its intention to procure hardware manufactured by Airspan Networks. This procurement indicates a strategic move towards enhancing the naval division's technological capabilities, potentially involving MIMO technology, which is known for improving wireless communication efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:32 pm