Streetbeat News

Partnerships

UPST

Maine Savings, a financial institution, has partnered with Upstart, a lending platform, to offer personal lending services. This collaboration aims to leverage Upstart's AI-driven lending technology to provide Maine Savings' customers with more accessible personal loan options.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:14 pm

SYF

Synchrony (NYSE:SYF) has renewed its multi-year partnership with The Good Feet Store, continuing to offer its CareCredit card as a payment option for customers seeking arch support products. The partnership, which began in 2009, has been beneficial, with a 10% increase in average transaction total and a 35% increase in total transactions for The Good Feet Store in 2023. Additionally, 30% of The Good Feet Store's sales were from existing CareCredit cardholders. The partnership aims to provide flexible financing options to customers, contributing to their health and wellness.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:11 pm

STGW

Stagwell has announced a partnership with MNTN to expand marketing services for brands. Stagwell's Chairman and CEO Mark Penn, along with MNTN's President and CEO Mark Douglas, will conduct one-on-one briefings at CES 2024 to discuss the collaboration.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:09 pm

SBGI

VZ

Sinclair Broadcast Group, Inc. (SBGI) has reached a multi-year distribution agreement with Verizon Communications Inc. (VZ) for carriage on FiOS TV, including local stations in 10 markets, Tennis Channel, and YES Network. The financial terms were not disclosed, but the deal ensures continued service without disruption.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:08 pm

SR

Spire Inc. has partnered with KC Water to repurpose biogas from Kansas City's Blue River Wastewater Treatment Plant into renewable natural gas (RNG). This project aligns with environmental goals and may enhance Spire's sustainability profile and potentially provide a new revenue stream.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:07 pm

DTIL

TGTX

TG Therapeutics Inc (NASDAQ:TGTX) reported preliminary net product sales for Q4 and FY23 for BRIUMVI, with expectations of $40 million for Q4 and $89 million for FY23. The company anticipates a year-end 2023 cash position of about $215 million. TGTX provided an outlook for Q1 and FY24, expecting BRIUMVI U.S. net product revenue of $41 million-$46 million and $220 million-$260 million, respectively, and operating expenses of about $250 million for FY24. TGTX plans to initiate clinical development of subcutaneous BRIUMVI and trials for additional autoimmune diseases, as well as a trial for azer-cel. TGTX has entered into a licensing deal with Precision BioSciences, Inc. (NASDAQ:DTIL) for azer-cel, a CD19 CAR T cell therapy program. TGTX shares rose 10.52% to $23.22 in premarket trading.

Portfolio Pulse from Lekha Gupta

January 10, 2024 | 1:48 pm

ASPI

ASP Isotopes has provided an update on its operations in Pretoria, South Africa. The company, along with its North American commercial partner RC14, began processing feedstock for enriched Carbon-14 in December 2023. ASP Isotopes anticipates generating revenue and cash flow from this product in the first half of 2024. Additionally, the company has started building its third isotope enrichment facility, which will produce Ytterbium-176 and is expected to begin operations in 2025.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:41 pm

LQR

LQR House has received a $1 million purchase order for SWOL Tequila from Cannon Estate Winery. Cannon Estate is developing a high-end lounge in the Fraser Valley, where SWOL will be the featured tequila. The winery plans to use its established relationships with distributors and retail outlets to expand SWOL's presence across Canada, despite the challenges posed by the government-regulated alcohol market. This deal is seen as the beginning of a strategic expansion for SWOL Tequila.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:38 pm

AMZN

DIS

NFLX

Netflix, Inc's (NASDAQ:NFLX) India operations saw a 24% revenue increase in FY23, reaching roughly $266.67 million, with net profit jumping 75% to about $4.21 million. Despite reduced subscription rates and increased user engagement, Netflix faces tough competition in India, holding a 4% market share against Disney+Hotstar's 33% and Amazon Prime Video's 12%. Netflix has partnered with Jio Platforms to integrate its service with Jio's prepaid plans, adapting to the Indian market's preference for pay-as-you-go models.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 1:34 pm

BTBT

NVDA

SMCI

Bit Digital has expanded a customer contract for its AI division, now worth over $50M in annual revenue for 2,048 GPUs. To meet this demand, the company ordered 64 servers from Super Micro Computer, Inc., containing Nvidia HGX H100 GPUs, to be delivered by January 2024 and deployed in Iceland. Additionally, Bit Digital has entered a sale-leaseback agreement for 96 AI servers to finance this growth.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm