Streetbeat News

Partnerships

AGIX

FET

LINK

OCEAN

ORAI

RNDR

TAO

Bittensor (TAO), an AI-powered blockchain platform, has seen a significant surge of over 30% in a week, outperforming other altcoins and meme cryptocurrencies. TAO's rise is attributed to its unique proposition in the AI crypto space, which includes facilitating the creation and deployment of intelligent applications. The token's performance has caught the attention of investors and influencers, pushing it past its all-time high of $394. Other AI crypto projects like Render (RNDR), SingularityNET (AGIX), Fetch.ai (FET), Ocean Protocol (OCEAN), Oraichain (ORAI), and Chainlink (LINK) are also noted as potential key players in the sector.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 10:09 pm

TVTX

Travere Therapeutics, Inc. (NASDAQ:TVTX) has entered into an exclusive licensing agreement with Renalys Pharma, Inc. to develop and commercialize sparsentan, a treatment for IgA nephropathy, in Japan, South Korea, Taiwan, and several Southeast Asian countries. Travere will receive an upfront payment and is eligible for up to $120 million in milestone payments, plus royalties on net sales. Renalys will handle development, regulatory matters, and commercialization in the licensed territories. A registrational study in Japan is planned for Q2 2024, with results expected in H2 2025.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:40 pm

PRCH

Porch Group, Inc. (NASDAQ:PRCH) has entered into a strategic business collaboration agreement with Aon Corp. and Aon Re, Inc., which will result in Porch receiving approximately $25 million upfront and an expected $5 million over the next four years. The partnership includes reinsurance placements and other services such as data modeling. Additionally, the agreement includes a release of claims related to the Vesttoo fraud, with Porch maintaining the right to pursue claims against non-Aon parties.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:38 pm

ALSN

OSK

Allison Transmission has been chosen by Oshkosh Corporation to supply electric axles for North America's first fully integrated, zero-emission electric refuse collection vehicle. The Allison eGen Power 100S e-Axles will be used in the McNeilus Volterra ZSL electric refuse vehicle, offering environmental benefits and quieter operation. Oshkosh selected Allison for its performance, efficiency, reliability, and customer support network. This marks the first implementation of eGen Power electric axles in refuse collection vehicles, reinforcing Allison's leadership in the North American refuse market.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:34 pm

AXON

Axon (NASDAQ:AXON) has launched Axon Body Workforce, a new body camera for frontline workers in retail and healthcare. Trials show a significant reduction in incident escalations, with one retailer reporting a 53% reduction. The camera integrates with Axon's real-time operations and evidence management technology. Axon's technology is now used in 33% of U.S. hospitals, and the company plans to continue partnerships to enhance frontline worker safety.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:31 pm

ORSTED.CO

Ørsted and Eversource have submitted a new proposal for the Sunrise Wind project in response to New York's offshore wind solicitation. The updated project, delivering up to 924 megawatts of clean energy, is expected to complete in 2026 and is crucial for New York's renewable energy goals. Ørsted aims to become the sole owner of Sunrise Wind if the re-bid is successful, acquiring Eversource's 50% share. The project has secured major supplier and labor agreements, with final federal permits anticipated this summer. It has broad support and is making significant investments in New York's offshore wind workforce and supply chain.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:19 pm

GBTC

At Benzinga's Crypto & Blockchain Outlook webinar, experts from Grayscale, Tether, and the Chamber of Digital Commerce discussed the impact of a spot Bitcoin ETF approval on the cryptocurrency market. Tether's co-founder Brock Pierce sees the approval as a positive step for American businesses and investors, while Grayscale's David LaValle remains bullish on the asset class despite expecting outflows from the Grayscale Bitcoin Trust (OTC:GBTC) following its conversion to an ETF. The panel also discussed BlackRock's pivot to embrace digital assets, the SEC's ongoing adversarial stance on cryptocurrency regulation, and the potential role of Bitcoin alongside the dollar.

Portfolio Pulse from Ivan Crnogatić

January 25, 2024 | 8:28 pm

CRLBF

GNLN

Weldon Angelos, once imprisoned for nonviolent drug offenses, has significantly influenced drug legislation and received a pardon from President Trump in 2020. Post-release, he founded The Weldon Project in LA, supported by companies like Kush Co. (OTC:GNLN) and Cresco (OTC:CRLBF). Angelos advocates for cannabis law reform, clemency for cannabis offenses, and the reduction of federal sentencing guidelines for marijuana offenses. His efforts include working with the Biden administration and organizing symposiums to establish criteria for commuting sentences.

Portfolio Pulse from Nicolás Jose Rodriguez

January 25, 2024 | 8:16 pm

AAPL

SPOT

UMGNF

Spotify Technology SA (SPOT) is optimistic about the European Union's Digital Markets Act (DMA), which will allow it to share details about deals and payment options within the EU. The DMA, effective March 7, challenges Apple Inc's (AAPL) control in various digital markets. Spotify plans to introduce 'superfan clubs' and other features to enhance user and creator experiences. Universal Music Group NV (UMGNF) is also interested in creating 'superfan experiences.' Apple may respond to the DMA with new fees and restrictions, which could lead to further disputes with Spotify.

Portfolio Pulse from Franca Quarneti

January 25, 2024 | 7:44 pm

BNBUSD

Cristiano Ronaldo partnered with Binance to offer holders of a special CR7 NFT the chance to train with him in Lisbon. The event, which also featured TikTok star Khaby Lame and Binance's Ana Markovic, highlighted the real-world applications of NFTs. The training was part of the CR7 ForeverZone NFT collection, with the Golden Ticket allowing a holder to train with Ronaldo. Ronaldo emphasized the unique connection NFTs provide with fans. Previously, Ronaldo was named in a class-action lawsuit for promoting Binance.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 7:20 pm