Streetbeat News

Partnerships

DTIL

TGTX

Precision BioSciences, Inc. (DTIL) has completed a strategic transaction with TG Therapeutics, Inc. (TGTX), granting TGTX an exclusive license to develop Azercabtagene Zapreleucel (azer-cel) for autoimmune diseases. The deal includes an upfront payment and potential near-term economics valued at $17.5 million, with Precision eligible for up to $288 million in future milestones and royalties on net sales. TGTX will also make an equity investment in Precision by purchasing shares at a 100% premium to the 30-day VWAP.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:05 pm

TSLA

Elon Musk and Mark Cuban engaged in a social media debate over diversity and inclusion (DEI) practices, with Musk criticizing DEI mandates in the airline industry and calling Cuban a racist. The debate reflects contrasting views on DEI initiatives, with Cuban defending them as a means to uncover untapped talent and Musk appearing skeptical. The discussion follows the departure of Claudine Gay from Harvard and is part of a broader conversation on DEI.

Portfolio Pulse from Navdeep Yadav

January 09, 2024 | 11:53 am

SPIR

Spire Global, Inc. (NYSE:SPIR) has announced a dedicated launch mission for NorthStar Earth & Space, with four satellites set to launch no earlier than January 18. The mission, named 'Four of a Kind', will be streamed live on YouTube from Rocket Lab Launch Complex 1 in New Zealand.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 11:48 am

ZIM

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) has entered into an agreement with Hoopo Systems Ltd. to implement advanced tracking devices across its dry-van container fleet. The financial details of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:36 am

TCEHY

ByteDance, the parent company of TikTok, is in discussions to sell its gaming assets, including its gaming unit Nuverse and games 'Crystal of Atland' and 'Earth: Revival', to Tencent Holdings Ltd (OTC:TCEHY). The talks follow ByteDance's decision to exit the gaming market and focus on other strategic areas. Tencent has previously advertised its game 'DreamStar' through ByteDance's ad network, indicating a warming relationship between the two companies.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:26 am

CRNC

VWAGY

Volkswagen AG (OTC:VWAGY) announced plans to integrate OpenAI's ChatGPT, using Cerence Inc's (NASDAQ:CRNC) Chat Pro software, into its vehicles equipped with the IDA voice assistant. The feature will be available in European models such as the ID.7, ID.4, ID.5, ID.3, Tiguan, Passat, and Golf starting in the second quarter. Although not currently planned for U.S. models, Volkswagen is considering the integration. The AI chatbot will assist with general knowledge, infotainment, navigation, air conditioning, and reading aloud content, with a focus on data protection by deleting questions and answers immediately.

Portfolio Pulse from Anan Ashraf

January 09, 2024 | 5:45 am

ETH

SOL

The Solana-based meme cryptocurrency Bonk (BONK) has surged 30% in the past 24 hours, outperforming other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE). The market is optimistic about a potential Bitcoin ETF approval, which has contributed to a broader market recovery. Solana (SOL) has seen increased on-chain trading volumes and network fees, surpassing Ethereum (ETH). Crypto exchange OKX plans to list BONK and Jito (JTO) on January 8, 2024.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:39 am

ASND

Er-Kim has entered into an exclusive distribution agreement with Ascendis Pharma A/S (NASDAQ:ASND) to commercialize three endocrinology disease treatments in Central & Eastern Europe and Turkey. The treatments include SKYTROFA for growth hormone deficiency, YORVIPATH for chronic hypoparathyroidism, and TransCon CNP for achondroplasia. Ascendis Pharma aims to broaden patient access to these treatments in collaboration with Er-Kim, which has expertise in rare diseases and endocrinology in the region.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:58 am

MSFT

NYT

OpenAI has refuted allegations by The New York Times Co. (NYT) that it used copyrighted articles to train ChatGPT, calling the issue a 'rare bug'. OpenAI is working to fix the bug and suggests the Times may have manipulated prompts. The lawsuit is part of a broader debate on compensating content creators for AI training data. OpenAI is in talks with publishers to license content, with discussions described as positive.

Portfolio Pulse from Ananya Gairola

January 09, 2024 | 2:19 am

HMC

INTC

NFLX

NVDA

WMT

XPEV

At CES 2024, several companies are showcasing new technologies and products. NVIDIA Corporation (NVDA) announced new products and partnerships. Walmart Inc (WMT) will discuss using technology in retail's future. Intel Corporation (INTC) will focus on making AI more accessible. Honda Motor Co Ltd (HMC) plans to reveal a new electric vehicle series. XPeng Inc (XPEV) will present its flying car unit. Netflix Inc (NFLX) will promote its upcoming series 'The Three-Body Problem' with an immersive experience.

Portfolio Pulse from Chris Katje

January 08, 2024 | 11:58 pm