Streetbeat News

Partnerships

ECX

ECARX Holdings Inc. (NASDAQ:ECX) stock rose by 11.2% after announcing a joint venture with smart for the development of intelligent automotive products. The collaboration aims to enhance technology, foster R&D through talent exchanges, and support global expansion. This partnership builds on their previous work on smart #1 and smart #3 models and the smartOS operating system.

Portfolio Pulse from Ryan Gustafson

December 28, 2023 | 10:17 pm

TCRT

Alaunos Therapeutics has entered into a separation and release agreement with CEO Kevin Boyle regarding his termination, according to a filing. Additionally, Boyle will enter into a consulting agreement with the company starting January 1, 2024, for a period of six months, to provide strategic and advisory services.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:39 pm

TUSDUSD

TrueUSD (TUSD) has announced a partnership with accounting firm Moore Hong Kong (MooreHK) to provide daily attestation services for its stablecoin operations. The collaboration, starting in late January 2024, aims to increase transparency and trust by leveraging MooreHK's audit and advisory expertise. Additionally, TUSD is working with The Network Firm to enhance technical support and innovative solutions for blockchain industry transparency. This move is part of TUSD's ongoing commitment to maintaining a transparent and robust reserve system for its stablecoin.

Portfolio Pulse from Murtuza Merchant

December 28, 2023 | 9:29 pm

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