Streetbeat News

Partnerships

VXRT

Vaxart Inc (NASDAQ:VXRT) stock rose 17.8% to $0.66 following news of a $9.27 million contract from the U.S. Department of Health and Human Services for clinical trial planning. The company also announced the resignation of CEO Andrei Floroiu, with Michael J. Finney stepping in as Interim CEO. Additionally, Vaxart entered into a stock purchase agreement with RA Capital Management for 15.38 million shares at $0.65 each, aiming to raise $10 million for general corporate purposes and to advance its oral vaccine platform. The offering is expected to close around January 18.

Portfolio Pulse from Henry Khederian

January 16, 2024 | 3:59 pm

AMZN

CRERF

NFLX

Netflix, Inc. (NASDAQ:NFLX) is testing a new subscription model in collaboration with French retailer Carrefour S.A. (OTC:CRERF), offering a discounted Netflix subscription with benefits at Carrefour stores in Bordeaux and Rouen. The strategy, similar to Amazon.com's (NASDAQ:AMZN) approach with Amazon Prime Video, aims to increase Netflix's customer base for its ad-supported plan. Netflix India has also reported a revenue increase of 24% and a net profit rise of 75% in FY23. NFLX shares dropped by 0.74% to $488.53 recently.

Portfolio Pulse from Nabaparna Bhattacharya

January 16, 2024 | 3:40 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD), in collaboration with Majestic World Holdings, is set to roll out the Xene AI Software platform, aiming to revolutionize the real estate sector by creating a decentralized, AI-optimized network. The platform integrates various real estate participants and processes, promising significant time and resource savings. The beta launch was successful, and a nationwide rollout is planned in the coming weeks with a comprehensive sales and marketing program.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:17 pm

USO

VGK

EU diplomats have expressed initial support for the creation of a European maritime mission in the Red Sea in response to Houthi attacks on commercial ships. The EU condemned the attacks and called for the release of the seized vessel 'Galaxy Leader'. The US and UK, along with other nations, have conducted joint strikes in Yemen as part of Operation 'Prosperity Guardian'. The EU is coordinating with partners to counter threats and is considering enhancing its maritime presence in the region. The impact on Yemen's peace efforts is uncertain.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:11 pm

DNN

GRDAF

Grounded Lithium Corp. (GLC) has entered into a strategic investment agreement with Denison Mines Corp (Denison), where Denison can earn up to a 75% interest in the Kindersley Lithium Project (KLP) by funding up to CAD$15.15M. The funds will advance the KLP, including a field pilot and other project expenditures. Denison will also become the KLP operator and has purchased a 5% gross overriding royalty on the KLP for CAD$800,000, which may reduce to 2% and be eliminated under certain conditions. The agreement includes three earn-in options, with Denison funding 100% of KLP expenditures during the earn-in period. The deal is subject to TSX Venture Exchange approval and GLC shareholder consent.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:05 pm

AAPL

Goldman Sachs CEO stated in a conference call that the company is working on reducing the drag from its partnership with Apple and is making progress.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:02 pm

ELAB

INMB

ELEVAI Labs' stock price has increased following the announcement of an exclusive, worldwide manufacturing and processing technology licensing agreement with INmune Bio.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:54 pm

AAPL

MSFT

QQQ

Microsoft CEO Satya Nadella is satisfied with the company's partnership with OpenAI, indicating no desire for greater control despite a $13 billion investment. Microsoft has integrated ChatGPT technology into its products and maintains its own AI development. Nadella sees AI as key to future hardware development. Microsoft surpassed Apple as the most valuable company but Nadella views market cap as a lagging indicator, focusing instead on innovation. Analysts from Piper Sandler and Mizuho maintain positive ratings on Microsoft, seeing the OpenAI partnership as strategic for AI leadership. Microsoft's stock outperformed Invesco QQQ Trust last year and traded higher in premarket.

Portfolio Pulse from Anusuya Lahiri

January 16, 2024 | 2:41 pm

AAPL

DIS

Disney+ has announced a collaboration with Apple to bring its streaming service to Apple Vision Pro, promising a new era of storytelling innovation and immersive entertainment. This partnership is expected to enhance the viewing experience for Disney+ subscribers by leveraging the advanced technology of Apple Vision Pro.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:19 pm

KTOS

VLD

Kratos Defense & Security Solutions, Inc. (KTOS) has purchased a Velo3D Sapphire printer to enhance its technology development and supply chain efficiency. The printer will be used by Kratos SRE, a subsidiary of KTOS, to produce metal parts rapidly and cost-effectively, supporting the defense industry's evolving needs. Kratos SRE has previously used Velo3D's solutions through its Contract Manufacturer Network. Velo3D, Inc. (VLD) is recognized for its metal additive manufacturing technology, which is now STIG compliant, allowing connection to the DoD's SIPRNet. Both companies will attend the Military Additive Manufacturing Summit in Tampa, where Velo3D will present.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:11 pm