Streetbeat News

Partnerships

AGAE

Elite Fun Entertainment Co., Ltd. has agreed to purchase 7.33 million shares of Allied Gaming & Entertainment (AGAE) at $0.90 per share, totaling $6.597 million. Additionally, they plan to negotiate a partnership for organizing live shows and events in Asia.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:07 pm

ALRM

Alarm.com (ALRM) and Vivint have settled all outstanding litigation and have entered into a long-term intellectual property license agreement. Alarm.com will license its intellectual property portfolio to Vivint. No further details on the settlement have been disclosed, as per SEC rules.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:06 pm

ECX

ECARX's stock price has increased following the announcement of a joint venture with smart for the development of intelligent automotive products. This strategic partnership is expected to enhance ECARX's product offerings and market position in the intelligent automotive industry.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 8:40 pm

FMST

PZG

TMC

Paramount Gold Nevada Corp. (PZG) secured a $15M financing deal with Sprott for the Grassy Mountain Gold Mine. The Metals Company Inc. (TMC) concluded offshore research for its nodule collection system. Foremost Lithium (FMST) announced a 7,500-meter drill program at its Zoro lithium property.

Portfolio Pulse from Austin DeNoce

December 28, 2023 | 8:19 pm

SILO

Silo Pharma (NASDAQ:SILO) is advancing its ketamine-loaded implant, SP-26, for fibromyalgia and chronic pain through preclinical trials with approval from state and federal authorities. The company has partnered with Sever Pharma Solutions for development and manufacturing. The implant is designed for at-home pain relief and aims to be the first at-home approved ketamine treatment for chronic pain. Silo Pharma is pursuing FDA approval through the 505(b)(2) pathway. The fibromyalgia market was valued at $3.1 billion in 2022 and is expected to grow at a 4% CAGR until 2032, while the broader chronic pain market could exceed $140 billion by 2030.

Portfolio Pulse from Lara Goldstein

December 28, 2023 | 8:10 pm

AMD

ANET

CRWD

NOW

NVDA

PCOR

PSTG

SNPS

Marc Chaikin, founder of Chaikin Analytics, is bullish on AI-enhanced software companies and predicts the S&P 500 rally will continue into 2024. He sees AI-driven companies as key players, especially during earnings season. Chaikin's optimism is based on January's positive start, which historically suggests a favorable year. He expects any S&P 500 pullbacks to be modest. Chaikin highlights tech sector companies like ServiceNow, Synopsys, Pure Storage, and Procore Technologies as ones to watch, with Pure Storage's partnership with NVIDIA and Procore's competition with Autodesk. He also sees potential in 'secondary tech stocks' like Arista Networks and CrowdStrike Holdings. Chaikin picks AMD in the semiconductor space and warns of a potential bond market sell-off if the Fed doesn't cut rates in March. He advises monitoring China's economic impact on global inflation and supply chains.

Portfolio Pulse from Surbhi Jain

December 28, 2023 | 8:00 pm

INUV

Inuvo's subsidiary Vertro has entered into a Google Services Agreement with Google LLC, starting January 1, 2024. The agreement stipulates that Vertro will use Google's Websearch Service and AdSense for Search on approved websites.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 5:59 pm

AAPL

HNHPF

Luxshare Precision Industry Co is acquiring a 62.5% stake in Pegatron Corp's Kunshan unit for about 2.1 billion yuan ($300 million), which may enhance Apple Inc's relationship with China-based suppliers and Beijing. This move could make Luxshare a stronger competitor against Foxconn, which currently assembles 70% of iPhones. Apple, with 20% of its sales from Greater China, is also diversifying production, expanding in India with Foxconn and Pegatron's help. AAPL shares were up 0.44% at $194.01 recently.

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 5:53 pm

SQM

Shares of Sociedad Quimica Y Minera (SQM) are up following the announcement of a memorandum of understanding with Codelco for the operation and development of the Salar De Atacama from 2025 to 2060.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 5:43 pm

Richtech Robotics Inc. (NASDAQ:RR) has formed a strategic partnership with Vietnamese POS provider MAC Marketing LLC (MAC-USA) to integrate Richtech's robotic technologies, ADAM and Matradee L, into MAC-USA's POS systems. These technologies aim to improve operational efficiency and customer satisfaction in executing beverage and food orders. RR, which recently went public on Nasdaq, saw its shares increase by 0.61% to $5.89.

Portfolio Pulse from Akanksha Bakshi

December 28, 2023 | 5:34 pm