Streetbeat News

Partnerships

RENB

Renovaro Biosciences Inc (NASDAQ:RENB) responded to Hindenburg Research's short seller report, calling it a rehashed attempt to profit from a short position in RENB. The company highlighted the addition of four leaders to its board, refuted claims about its AI technology, and announced a LOI with Cyclomics for liquid biopsies. Despite the attack, RENB shares rose 18.20% to $2.27.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 5:51 pm

PSQH

PSQ Holdings, Inc. (NYSE:PSQH), known as PublicSquare, announced a Town Hall event featuring Congressman Matt Gaetz and Donald Trump Jr. on February 27, 2024, in Pensacola, FL. The event aims to unite patriotic businesses and consumers, focusing on the parallel economy. PublicSquare, a marketplace for patriotic businesses, plans to host more town halls in 2024 to promote the parallel economy and value-based shopping.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 5:00 pm

INTC

Intel Corp. is reportedly seeking to raise at least $2 billion in equity to fund a semiconductor fabrication facility in Ireland. The company is working with an adviser to solicit interest from potential investors for this project, according to sources familiar with the matter.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:40 pm

AVCNF

CLVR

KHRNF

PCLOF

Clever Leaves Holdings Inc. partners with Paradise Seeds to develop cannabis cultivars in Colombia, aiming to expand its global footprint. Avicanna Inc. receives approval for Trunerox to treat epilepsy in Colombia, marking a significant milestone. However, Colombian Congress shelved a bill for regulating adult cannabis use, reflecting legislative divisions. This regulatory landscape impacts companies like Clever Leaves, PharmaCielo Ltd, and Khiron Life Sciences Corp, as they navigate the evolving market.

Portfolio Pulse from Nicolás Jose Rodriguez

February 14, 2024 | 4:21 pm

CNVS

Cineverse shares are trading higher following the announcement of a partnership with Google Cloud to launch a conversational AI-powered search & discovery tool for film and television content. This collaboration aims to enhance content discovery for users by leveraging advanced AI technologies.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:56 pm

LLY

Eli Lilly And Company's (NYSE:LLY) stock has seen a significant increase, gaining almost 25% year-to-date, with its enterprise value surpassing $700 billion. The surge is attributed to high demand for Mounjaro and Zepbound, both containing tirzepatide. BMO Capital Markets forecasts $12.78 billion in tirzepatide revenues for FY 2024. Eli Lilly reported a 28% Y/Y increase in Q4 2023 revenue, beating consensus. The company is expanding production capacity for incretin drugs due to expected demand outpacing supply in 2024. Additionally, Eli Lilly's partner BioAge Labs raised $170 million for Phase 2 clinical development of a compound in combination with Zepbound for obesity.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 3:35 pm

MULN

Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle manufacturer, announced that Bollinger Motors has named LaFontaine Automotive Group as its first authorized dealer for the Bollinger B4 Chassis Cab, an all-electric commercial truck. The dealerships are located in Lansing and Farmington Hills, Michigan. Deliveries of the B4 chassis cab are expected to begin in the second half of 2024. This partnership expands LaFontaine's portfolio to 54 retail franchises across 39 locations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:17 pm

AVGO

GOOGL

Broadcom Inc (NASDAQ:AVGO) and Alphabet Inc.'s Google Cloud (NASDAQ:GOOGL) announced a collaboration to support license portability for VMware Cloud Foundation to Google Cloud VMware Engine. This agreement allows customers to purchase VMware Cloud Foundation software subscriptions from Broadcom and use them in Google Cloud VMware Engine and their own data centers. The partnership aims to provide customers with a flexible, secure, and efficient cloud operating model.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 2:11 pm

AYX

Alteryx, Inc. (NYSE:AYX) has expanded its partnership with Databricks to enhance AI-driven analytics for enterprises. This deepened integration allows business users to easily access Alteryx's interface within the Databricks platform, enabling faster and more intelligent insights. The collaboration introduces capabilities such as executing Alteryx Designer Cloud workflows using Databricks SQL and support for Databricks on AWS and Azure, aiming to democratize access to data and AI.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:05 pm

LAES

WKEY

SEALSQ has announced a partnership with CarbonMinus to utilize SEALCOIN for offsetting CO2 emissions. This collaboration aims to leverage blockchain technology for environmental sustainability.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:04 pm