Streetbeat News

Partnerships

MIGI

Mawson Infrastructure Group Inc. reported a 47% month-over-month increase in total revenue for November, amounting to approximately $4.81 million. The revenue is equivalent to 132 BTC. The company also completed a co-location customer deployment of about 50 MW and 15,876 miners, and signed an additional co-location customer for approximately 6 MW and 1,764 miners.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:43 pm

ATRA

Atara Biotherapeutics' stock is trading higher following the announcement of the completion of an expanded global partnership with Pierre Fabre Laboratories for the development and commercialization of tabelecleucel.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:40 pm

JOBY

Joby Aviation, Inc. (NYSE:JOBY) and NASA completed air traffic simulations demonstrating the integration of up to 120 eVTOL air taxi operations per hour into busy airspace using current ATC tools and procedures. The simulations took place at NASA's Future Flight Central and involved scenarios at Dallas-Fort Worth airspace. The tests showed that air taxis could operate alongside existing airport traffic without impacting it, paving the way for commercialization in the National Airspace System. Representatives from the FAA and NATCA observed the simulations, with NASA set to publish a full analysis next year.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:19 pm

BMRN

BioMarin Pharmaceutical has announced initiatives aimed at improving corporate governance and boosting long-term shareholder value. These include the appointment of three new independent directors and the establishment of a Strategic and Operating Review Committee. Additionally, BioMarin has entered into cooperation and information sharing agreements with Elliott Investment Management.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:09 pm

ATRA

Atara Biotherapeutics has completed an expanded global partnership with Pierre Fabre Laboratories for Tabelecleucel (tab-cel). Atara receives $27 million upfront and initial inventory purchase, with the potential to earn up to $640 million plus royalties on net sales. The deal includes up to $100 million in regulatory milestones through BLA approval, reimbursement of tab-cel global development costs, and future inventory purchases.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:05 pm

PARA

WBD

Warner Bros. Discovery (WBD) CEO David Zaslav and Paramount Global (PARA) CEO Bob Bakish have met to discuss a potential merger. The merger would create a media giant, likely triggering further industry consolidation. The companies could combine streaming services and other assets for better competition against Netflix and Disney+. WBD has hired bankers to explore the deal, and while it's early, the talks indicate a response to industry pressures such as cord-cutting and tech competition.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:56 pm

AFRM

GME

WMT

Jim Cramer highlighted Affirm Holdings Inc (AFRM) on CNBC's 'Squawk On The Street,' noting its 100% rise over the past month and 420% since the year's start, partly due to its expanded payment services at Walmart (WMT). He compared AFRM to GameStop (GME), calling it 'GameStop with profits' and pointing out its high short interest of 25.34%. Despite concerns over loan delinquencies and rising rates, Affirm has few bad loans and may benefit from potential rate cuts. Mizuho raised its price target for AFRM from $30 to $65, which Cramer believes will attract retail traders aiming for a short squeeze.

Portfolio Pulse from Adam Eckert

December 20, 2023 | 8:53 pm

ARKK

BTCUSD

TSLA

Cathie Wood of Ark Invest is scheduled to have a conversation with Tesla CEO Elon Musk on X Spaces, discussing topics from AI to space. The exact date and time are not specified. Wood, an early Tesla investor, maintains significant exposure to the company, with Tesla being the third-largest holding in ARKK. AI, a major theme of 2023, and Tesla's role as a leading AI player will be key discussion points. Other potential topics include full self-driving, global EV adoption, Cybertruck demand, a $25,000 electric vehicle, Musk's acquisition of X, and crypto, particularly Bitcoin.

Portfolio Pulse from Adam Eckert

December 20, 2023 | 8:42 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) saw a 2.8% increase during Wednesday's trading after announcing a collaboration with D3 Global for the .shib domain. Despite the news, SHIB's value remained relatively stable, continuing the sideways trend from the weekend's volatility. Technical analysis suggests SHIB may consolidate further before establishing a new trend, with key resistance at $0.00001081 and support at $0.00000966.

Portfolio Pulse from Melanie Schaffer

December 20, 2023 | 8:28 pm

AFRM

WMT

Affirm Holdings Inc (NASDAQ:AFRM) shares have risen following the extension of its partnership with Walmart Inc (NYSE:WMT). Mizuho Securities analyst Dan Dolev maintains a bullish stance on Affirm, predicting its evolution into a comprehensive financial services firm. Dolev maintains a Buy rating and raises the price target from $30 to $65, anticipating a significant increase in GMV by fiscal 2026 due to the Affirm Card and higher GMV per user for direct deposit users. Despite the positive outlook, Affirm's shares were down 6.15% at the time of the report.

Portfolio Pulse from Priya Nigam

December 20, 2023 | 8:17 pm