Streetbeat News

Partnerships

ZYME

LEO Pharma has terminated its license agreement with Zymeworks.

Portfolio Pulse from Charles Gross

November 02, 2023 | 8:37 pm

BTCUSD

ETHUSD

Switzerland's St. Galler Kantonalbank (SGKB) has partnered with SEBA Bank to launch digital asset custody and brokerage services for Bitcoin and Ethereum. The services will initially be available to wealth-management clients, followed by retail customers. SGKB plans to expand its digital asset offerings based on client demand. The move is part of a broader trend in Switzerland, with many local banks introducing cryptocurrency services.

Portfolio Pulse from Khyathi Dalal

November 02, 2023 | 8:08 pm

AAPL

GOOGL

QRVO

Analysts have lowered their price targets for Qorvo Inc (QRVO) despite the company's strategic wins with Apple and stability in China's Android market. QRVO reported a solid upside for the September quarter and a promising outlook for the December quarter. The company is benefiting from significant content gains in iPhone 15 and is optimistic about additional content opportunities with Apple. The Android market in China is stabilizing, and QRVO is doing well with Samsung and Alphabet Inc. However, analysts have lowered their price targets due to recent multiple contractions in the sector.

Portfolio Pulse from Anusuya Lahiri

November 02, 2023 | 8:00 pm

EDAP

VUZI

Vuzix Corporation (VUZI) has announced a partnership with EDAP TMS SA, a global leader in robotic energy-based therapies. Vuzix will supply its M400 smart glasses to be used with EDAP's Focal One Robotic High Intensity Focused Ultrasound (HIFU) Platform for device setup, troubleshooting, and applications use. EDAP plans to ship a pair of M400 smart glasses with every HIFU unit they ship.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:59 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher, with an increase of over 11% ahead of its Q3 earnings release. The company is expected to report losses of two cents per share and revenue of $140.26 million. A high level of short interest, with 38.87% of shares currently sold short, may be contributing to the price move. Upstart also announced a partnership with Vesta, a SaaS provider of mortgage loan origination software, to support its new home equity line of credit (HELOC) product.

Portfolio Pulse from Ryan Gustafson

November 02, 2023 | 7:55 pm

BA

TER

Boeing, in collaboration with the U.S. Army, Teradyne, and Logisys, has delivered the 100th Next Generation Automatic Test System (NGATS), a mobile diagnostic tool for U.S Army vehicles. The NGATS system, which began in 2015, is currently saving the U.S. Army $22 million per month due to its fault detection testing equipment. The system is used in the field and in depots, reducing logistics burden and shortening maintenance turnaround times.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:04 pm

PWSC

PowerSchool has partnered with Bahwan CyberTek to expand the availability of its cloud-based education technology across Oman. This partnership aims to advance the digital transformation of education in the region.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:51 pm

IMMR

Immersion Corporation (NASDAQ:IMMR) has signed a multi-year license with Razer to make Immersion's patents available to Razer's gaming computer peripherals, laptop computers, and AR/VR products. Immersion will report its Q3 2023 financial results on November 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:00 pm

SNPX

Synaptogenix, Inc. (NASDAQ:SNPX) has partnered with Cannasoul Analytics Ltd. to support research and development of pharmaceutical therapeutics. Synaptogenix has obtained a preemptive right to fund further research and commercialization of certain intellectual property, technology, and future products developed by Cannasoul and licensed from The Technion. Cannasoul has developed technology in large disease markets including leukemia, epilepsy and sleep disorders.

Portfolio Pulse from Jelena Martinovic

November 02, 2023 | 5:21 pm

MYNA

NOC

Mynaric has entered into a $25 million contract with Northrop Grumman to deliver optical communication terminals for the U.S. government's Space Development Agency Tranche 2 Transport Layer-Beta space vehicles program. This has led to a rise in Mynaric's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:39 pm