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Partnerships

BTCUSD

Investors have sued the NBA and Mark Cuban over losses of $4.2 billion linked to the collapse of Voyager Digital Holdings Inc., accusing them of gross negligence and promoting an unregistered and unsustainable fraud. The lawsuit also implicates the NBA in promoting unregistered securities through its partnership with Voyager. This follows legal actions against founders of cryptocurrency companies like FTX and Voyager, with significant legal and financial repercussions.

Portfolio Pulse from Mehab Qureshi

February 08, 2024 | 12:52 pm

DASH

GETR

UBER

Getaround, Inc. (NYSE:GETR) shares surged in premarket trading after announcing a workforce and operations restructuring plan aimed at cost reduction and aligning with the globalization of the carsharing business. The plan includes a 30% workforce reduction in North America, expected to save $7 million annually. Despite restructuring costs of up to $1 million, Getaround is expanding into gig carsharing for drivers of Uber Technologies, Inc. (NYSE:UBER) and DoorDash, Inc. (NASDAQ:DASH). The company reported a 42% year-over-year revenue increase to $23.8 million for Q3 2023 and secured a $20 million debt facility from Mudrick Capital Management. Getaround forecasts a gross booking value of $200 million to $205 million and an adjusted EBITDA loss of $(68) million to $(70) million for FY 2023. GETR shares rose 6.40% to $0.2811 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 12:41 pm

FHTX

LLY

Foghorn Therapeutics' stock price increased following Eli Lilly's decision to select FHD-909 for clinical development, initially targeting lung cancer.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:22 pm

FHTX

LLY

Foghorn announced that Eli Lilly has selected FHD-909 for clinical development targeting BRG1 mutated non-small cell lung cancer (NSCLC). Lilly plans to file an Investigational New Drug application in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:13 pm

AKTS

Akoustis Technologies has announced its patented XBAW filters are being incorporated into two new programs with an enterprise Wi-Fi access point solutions provider. This collaboration highlights the growing adoption of Akoustis's advanced filter technology in the enterprise Wi-Fi market.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:13 pm

PLTR

Palantir Technologies (PLTR) and Bapco Upstream have entered into a strategic, multi-year partnership. This collaboration aims to deploy Palantir's software to enhance and expedite Bapco Upstream's capabilities in powering the next generation of energy in the Kingdom of Bahrain.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:11 pm

AZN

IONS

The FDA has granted Fast Track Designation to Eplontersen, a therapy developed by Ionis Pharmaceuticals and AstraZeneca for treating Transthyretin-mediated Amyloid Cardiomyopathy in adults. This designation could expedite the therapy's review process, potentially bringing it to market sooner.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:11 pm

VIAO

VIA optronics (VIAO) has signed a design and development contract with Immervision for the next generation of VIA's automotive camera. This partnership aims to enhance the capabilities and features of VIA's automotive camera offerings, potentially leading to improved safety and functionality in vehicles equipped with these advanced camera systems.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:44 am

BWA

BorgWarner has entered into a strategic relationship agreement with Findreams Battery to collaborate on LFP (Lithium Iron Phosphate) battery packs. This partnership aims to enhance BorgWarner's position in the electric vehicle (EV) market by leveraging Findreams Battery's expertise in LFP battery technology.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:43 am

IREN

NVDA

Iris Energy has entered into a cloud service agreement with AI company Poolside for the use of 248 NVIDIA H100 GPUs over an initial term of three months. This partnership highlights Iris Energy's expansion into AI services, leveraging NVIDIA's advanced GPU technology.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:10 am