Streetbeat News

Partnerships

AZN

BMY

FUSN

LLY

Fusion Pharmaceuticals Inc (FUSN) is highlighted as a key player in the targeted radiopharmaceutical therapy (TRT) space by Oppenheimer, especially after recent acquisitions by Bristol Myers Squibb & Co (BMY) and Eli Lilly And Co (LLY). Fusion's partnership with AstraZeneca Plc (AZN) on advancing targeted radiotherapies and a profit-sharing agreement could position AstraZeneca for future acquisitions. Raymond James upgraded Fusion's stock from Outperform to Strong Buy with a price target of $15.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 5:42 pm

NXU

Nxu, Inc. (NASDAQ:NXU) has finalized a strategic investment in Lynx Motors through a share exchange, with $3M in Nxu shares swapped for $3M in Lynx shares. This partnership aims to accelerate highway electrification and helps Nxu comply with Nasdaq's listing standards. Nxu gains a seat on Lynx's Board and has provided a $250,000 interest-free bridge loan to Lynx.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 5:28 pm

ROI

RiskOn International, Inc. (NASDAQ:ROI) is set to announce a new generative AI platform and unveil its principal technology partner on January 3, 2024. The partnership is based on over five years of AI research and development, focusing on a full stack application built around a large language model (LLM). The company aims to commercialize the proprietary LLM research to enhance AI integration in everyday business operations.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:55 pm

AIR

AAR Corp (NYSE:AIR) has expanded its flight-hour component support agreement with ASL Aviation Holdings DAC, increasing the number of supported aircraft from 28 to 65. The contract now includes ASL Airlines from Belgium, France, the United Kingdom, and Ireland. AAR's Integrated Solutions will provide 24/7 support for the airlines' 737 fleets. Financial details of the deal were not disclosed. AAR's stock was trading slightly lower at the time of the report.

Portfolio Pulse from Shivani Kumaresan

December 27, 2023 | 4:50 pm

AMD

INTC

NVDA

AMD stock is in the spotlight due to its MI300 Data Center GPU, challenging Nvidia in the AI market. AMD's stock rose 17% last month, outperforming Nvidia's 2% gain. Analysts predict AMD could capture 5%-10% of the AI accelerator market, potentially worth $150-$400 billion by FY27E. Deutsche Bank notes AMD's strong AI market position and customer partnerships. Nvidia, AMD, and Intel are all competing in the generative AI data center processor space, with each company showcasing new products and performance improvements. AMD's MI300X GPU and MI300A APU offer significant performance gains, while Nvidia and Intel focus on their own strengths in software ecosystem and TCO savings, respectively. AMD's stock saw a slight increase of 0.74% to $144.48.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 4:10 pm

BTCT

BTC Digital Ltd. (NASDAQ:BTCT) shares are rising after announcing a service agreement to manage and provide technical services for 1,480 Bitcoin mining machines for a client. The company will oversee the deployment of these devices in the U.S. and believes its expertise in device management and the cryptocurrency market influenced the client's decision. BTCT also plans to collaborate with the client in other areas of cryptocurrency mining. Additionally, BTCT recently launched a Bitcoin miner accessories business. Shares of BTCT are up 7.55% to $4.340.

Portfolio Pulse from Nabaparna Bhattacharya

December 27, 2023 | 4:08 pm

GTN

Gray Television, Inc. (GTN) has reached an agreement in principle to renew all its NBC network affiliations, which were set to expire at the end of 2023. This renewal covers Gray's NBC affiliated stations in 56 markets. NBC is currently the top network in various key demographics and programming categories. Gray is the largest owner of top-rated local TV stations and digital assets in the US, reaching about 36% of US TV households.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:01 pm

KULR

KULR Technology Group Inc (AMEX:KULR) shares rose after announcing an initial purchase order from a major private space exploration company for its KULR ONE Design Solutions (K1-DS) platform for battery safety testing. The K1-DS platform includes various technologies for comprehensive cell level characterization of thermal runaway behavior. This order aligns with KULR's strategy to expand in the space exploration market and anticipates more design wins next year. Earlier, KULR secured a contract for space battery development, expected to grow into a multi-million-dollar partnership in 2024. KULR shares increased by 5.62% to $0.1972.

Portfolio Pulse from Lekha Gupta

December 27, 2023 | 3:06 pm

AMZN

PLUG

Plug Power Inc (NASDAQ:PLUG) stock is trading higher after completing its first electrolyzer installation at an Amazon.com Inc (NASDAQ:AMZN) fulfillment center. The one-megawatt system will produce low-carbon hydrogen to fuel over 225 hydrogen fuel cell-powered forklift trucks. Plug Power has deployed over 17,000 fuel cells at more than 80 Amazon fulfillment centers in North America. The news reflects Plug Power's capabilities in the hydrogen value chain and its ongoing partnership with Amazon.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 3:04 pm

OPT

Opthea Limited (NASDAQ:OPT) announced it expects to receive the remaining $35 million from Carlyle and Abingworth under a Development Funding Agreement, along with an additional $50 million from a new co-investor, totaling $170 million in funding. The funds will support Phase 3 clinical trials and pre-commercialization activities for sozinibercept, a treatment for wet age-related macular degeneration. Opthea's stock rose 15.10% to $2.90 following the news.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 3:03 pm