Streetbeat News

Partnerships

MEDIF

MediPharm Labs Corp. has received GMP certification from ANVISA for its facility in Barrie, Ontario, enabling it to produce medical cannabis products for the Brazilian market. This adds to its existing certifications from the FDA, EU, Australia's TGA, and Health Canada. The Brazilian medical cannabis market is expected to reach $281.2 million by 2025. MediPharm has two products with full ANVISA authorization and is reviewing additional products. It also has a supply agreement with a Brazilian pharmaceutical company and a partnership with a Rio distributor. MediPharm's shares rose 2.6923% to $0.0534 after the announcement.

Portfolio Pulse from Jelena Martinovic

February 07, 2024 | 4:05 pm

FUBO

FuboTV Inc (NYSE:FUBO) shares plummeted following the announcement of a joint venture between Disney’s ESPN, Warner Bros Discovery, and Fox to launch a sports streaming service. This new platform, launching in the fall, is seen as direct competition to FuboTV, which offers a mix of sports, news, and entertainment content. Analysts from Needham and Cantor Fitzgerald have expressed concerns over the potential impact on FuboTV, highlighting the risk of increased churn and the need for heightened marketing efforts if the new service is priced competitively.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 3:52 pm

General Motors Co (NYSE:GM) has entered into a $19 billion supply contract with LG Chem for cathode materials, essential for EV batteries. This deal, spanning from 2026 to 2035, will support the production of 5 million high-performance EVs. The partnership emphasizes strengthening the North American supply chain, particularly through LG Chem's cathode plant in Tennessee. Additionally, GM reported a slight sales decline in Q4 FY23 but beat analyst estimates, with a positive outlook for FY24.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 3:46 pm

ZCAR

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) has announced a strategic partnership with India-based CARS24, aiming to empower Zoomcar hosts with fleet expansion opportunities through exclusive car purchase opportunities and flexible financing options. This collaboration is expected to reduce the cost of acquiring vehicles for hosts, enabling them to expand their small business presence with lower upfront capital investment. Zoomcar, which recently started trading on NASDAQ, anticipates leveraging CARS24's reputation in the pre-owned car market to ensure hosts can access high-quality used cars, potentially saving up to INR 1 lakh (~$1,204.99) with additional benefits on purchases.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 3:35 pm

NVDA

OPRA

Opera (NASDAQ:OPRA) is set to deploy a green energy-powered AI data cluster in Keflavik, Iceland, featuring an NVIDIA DGX SuperPOD. This initiative, starting in February 2024, aims to enhance Opera's browsers with advanced AI capabilities, including the Aria Browser AI. The cluster will be powered by renewable energy sources and equipped with NVIDIA's latest H100 Tensor Core GPUs, significantly boosting AI training and inference speeds. This move underscores Opera's commitment to environmental sustainability and its ambition to lead in browser AI innovation.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:30 pm

HOLO

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares surged by 240% to $5.09 after announcing plans to join the Communications Industry Association to foster IT innovation. This move aims to accelerate the development of new technologies for various industries. Additionally, the company's shares began trading on a split-adjusted basis with a new CUSIP number. Last year, MicroCloud's subsidiary agreed to provide a streaming media control system for China's largest new energy vehicle company.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 3:27 pm

DIS

FOX

FOXA

WBD

Disney, Fox, and Warner Bros Discovery are reportedly planning to launch a joint sports streaming platform, with a subscription price expected to be over $40 per month, according to CNBC sources.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:21 pm

MRK

MRNA

MYNZ

PFE

Merck & Co Inc (MRK) reported higher Q4 revenue and earnings, driven by Keytruda and Gardasil, despite a net loss from a deal with Daiichi Sankyo. Moderna Inc (MRNA) and Pfizer Inc (PFE) are focusing on oncology for future revenue. Mainz Biomed N.V. (MYNZ) announced impressive colorectal cancer screening results and opened a European Oncology Lab. Merck and Moderna showed promising trial results for a melanoma treatment, and Mainz Biomed reported high sensitivity and specificity in colorectal cancer screening.

Portfolio Pulse from Upwallstreet

February 07, 2024 | 3:13 pm

DIS

FOXA

WBD

Fox Corporation reported Q2 2023 revenues of $4.23 billion, a decrease from $4.61 billion a year ago, with advertising revenues down 20% primarily due to the absence of the FIFA Men's World Cup and lower political advertising. Affiliate fee revenues increased by 4%, and expenses decreased due to lower programming costs. Adjusted net income was $165 million, beating consensus. Fox is collaborating with Warner Bros. Discovery Inc and Walt Disney Co on a new sports streaming joint venture.

Portfolio Pulse from Vandana Singh

February 07, 2024 | 2:36 pm

AAPL

DIS

FOX

FOXA

GSG

WBD

On CNBC's 'Halftime Report Final Trades,' experts highlighted Walt Disney (DIS), iShares S&P GSCI Commodity-Indexed Trust (GSG), and Apple (AAPL) as key picks. Disney is anticipated to report its Q1 earnings with expected earnings of 99 cents per share and revenue of $23.69 billion. Disney, along with Warner Bros. Discovery (WBD) and Fox Corp (FOX, FOXA), plans to launch a joint sports streaming service. Apple reported Q1 earnings exceeding expectations with $2.18 per share and $119.6 billion in revenue. Shares of Disney, GSG, and Apple saw gains in their recent trading sessions.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 2:31 pm