Streetbeat News

Partnerships

AAPL

DIS

MASI

Bob Chapek, former CEO of The Walt Disney Company, has joined the Board of Directors at Masimo, a medical technology company currently in a patent battle with Apple Inc. Chapek's experience at Disney, particularly in consumer products and technology, is expected to aid Masimo's growth and their 'hospital to home' strategy. Masimo recently won a patent case against Apple, leading to a ban on certain Apple Watch models, which could impact Apple's sales significantly.

Portfolio Pulse from Chris Katje

January 17, 2024 | 10:12 pm

FNKO

Funko has entered into a global deal with Goliath, where Goliath will acquire assets of Funko's board game studio and design team. The deal includes Goliath becoming the exclusive worldwide distributor of Funko's games and puzzles, and involves an initial payment and future royalty payments to Funko. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:17 pm

NYXH

Nyxoah SA (NASDAQ:NYXH), a medical technology company, announced its 2024 strategic priorities, including completing patient follow-up in the DREAM U.S. pivotal study and reporting data by early April. Preliminary data showed positive efficacy and safety results. The company plans to file the final module of its PMA submission after the DREAM results, prepare for a late 2024 U.S. launch, complete enrollment in the ACCCESS study, and increase market penetration in Europe. Nyxoah's Genio system has been successful in Europe and is expected to replicate this success in the U.S.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:16 pm

BROS

Dutch Bros Inc. (NYSE:BROS) announced plans to expand its operations support center in Phoenix, Arizona, with the intention to relocate approximately 40% of its total support staff there by January 1, 2025. The move is strategic, aiming to strengthen the company's operations as it targets a long-term goal of over 4,000 shops. CEO Christine Barone highlighted the importance of relationships and connectivity for the brand's growth. The company will provide more details in its Q4 and Full-Year 2023 earnings call. Despite the expansion, Dutch Bros will maintain a significant presence in Grants Pass, Oregon, including its roasting facility and several support operations.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:15 pm

ASMB

Assembly Biosciences notified Indiana University on January 11 of its decision to terminate the exclusive license agreement dated September 3, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:15 pm

TSLA

UBER

Uber Technologies Inc is collaborating with Tesla Inc to promote the adoption of electric vehicles (EVs) among Uber drivers. This partnership includes sharing data to improve charging infrastructure, offering test drives, and providing discounts on Tesla vehicles. Uber CEO Dara Khosrowshahi emphasized the need for collective efforts in electrification and remains committed to Uber's goal of an electric fleet by 2030 in the U.S., Canada, and Europe, and by 2040 globally. Despite a broader pullback in the EV industry, Uber is actively working with manufacturers like Tesla to make EVs more affordable for drivers.

Portfolio Pulse from Adam Eckert

January 17, 2024 | 9:11 pm

VXRT

Vaxart Inc (NASDAQ:VXRT) shares rose 8.4% amid news of a $9.27 million government contract for clinical trial planning, leadership changes with Michael J. Finney as Interim CEO, and a direct stock offering agreement with RA Capital Management for $10 million. The company is advancing its oral vaccine platform, with the offering expected to close on January 18.

Portfolio Pulse from Henry Khederian

January 17, 2024 | 8:57 pm

LINK

Chainlink (LINK) has integrated Circle's Cross-Chain Transfer Protocol (CCTP) into its Cross-Chain Interoperability Protocol (CCIP), enabling USD Coin (USDC) transfers across multiple blockchains. This move aims to enhance DeFi applications and global payments. LINK's price has risen by 5.7% in the last 24 hours and 11% over the past week, reflecting positive market sentiment. The integration initially covers Ethereum (ETH), Arbitrum (ARB), Optimism (OP), Avalanche (AVAX), and Base (BASE) mainnets, with plans for further expansion.

Portfolio Pulse from Murtuza Merchant

January 17, 2024 | 8:54 pm

BFRG

DATS

DWAC

MIMO

PHUN

SCHW

TSP

U.S. stocks fell, with the Dow Jones dropping over 150 points. Charles Schwab (SCHW) reported Q4 earnings with an EPS of 68 cents, beating estimates but with a 19% revenue decline. Airspan Networks (MIMO), Digital World Acquisition Corp. (DWAC), and Bullfrog AI Holdings (BFRG) saw stock price surges due to partnership news and political developments. Conversely, TuSimple Holdings (TSP), Phunware (PHUN), and DatChat (DATS) experienced significant stock price declines due to delisting intentions and pricing of public offerings.

Portfolio Pulse from Avi Kapoor

January 17, 2024 | 7:16 pm

AMZN

NKE

UPBD

Nike Inc's (NYSE:NKE) Air Jordan shoes, a result of a lucrative deal with Michael Jordan, are now available for rent-to-own through Rent-A-Center, part of Upbound Group Inc (NASDAQ:UPBD). Rent-A-Center offers Air Jordan 5 Racer Blues for $19.99 a week, with a total cost significantly higher than purchasing outright. This move aligns with the growing trend of buy now, pay later services. The story of Nike's deal with Jordan was depicted in Amazon.com, Inc's (NASDAQ:AMZN) film 'Air,' which received multiple award nominations.

Portfolio Pulse from Chris Katje

January 17, 2024 | 7:05 pm