Streetbeat News

Partnerships

AMZN

Jeff Bezos attributed his departure as CEO of Amazon to his desire to focus on Blue Origin, aiming to accelerate its progress. He envisions a future with 'trillion humans' living in space, facilitated by giant space stations. Bezos sees space as a domain with room for multiple winners, similar to the internet, and regards SpaceX as a potential successful player alongside Blue Origin.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 10:01 am

HUIZ

Huize Holding Limited (NASDAQ:HUIZ), a digital insurance platform, has partnered with PICC Life Insurance to launch 'Darwin Critical Care No.8 – Advanced', a new critical illness insurance product in the 'Darwin Critical Care' series.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 9:03 am

AFL

TRUP

Aflac Incorporated and Trupanion have reaffirmed their commitment to their strategic alliance in the North American pet insurance market. Since November 2020, the companies have been collaborating to offer pet medical insurance products at U.S. worksites, recognizing the importance of pets in families and the need for solutions to manage veterinary costs. They have decided to focus on the North American market after testing the alliance in Japan and choosing to withdraw from development there due to the larger opportunity in North America.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 7:29 am

AMZN

RIVN

T

Gary Black, Future Fund Managing Partner, is optimistic about Rivian Automotive Inc's prospects, expecting it to deliver 54,000 vehicles in 2023, including 14,000 delivery vans. AT&T Inc announced a pilot program to purchase EVs from Rivian, marking Rivian's first deal since ending its exclusivity agreement with Amazon.com Inc. Black predicts Rivian will become gross margin positive by Q4 2024 and EBITDA positive by 2026. Rivian shares closed 14% higher at $22.43 following the announcement.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 5:05 am

COST

LEN

MRNA

PFE

TSLA

The stock market saw gains with Dow Jones, S&P 500, and Nasdaq up. Costco's Q1 results beat expectations despite a stock dip. Pfizer's stock fell but has strong growth prospects with Seagen acquisition. Moderna's stock surged on positive cancer vaccine trial results. Lennar's stock rose after strong quarterly earnings. Tesla's stock increased, benefiting from a partnership with Uber.

Portfolio Pulse from Benzinga Neuro

December 15, 2023 | 2:34 am

PFE

Nona Biosciences has entered into an exclusive license agreement with Pfizer for the MSLN-targeted antibody-drug conjugate, HBM9033. Nona will receive up to $53 million in upfront and near-term payments, and could receive up to $1.05 billion in milestones, plus royalties. This partnership with Pfizer expands Nona's global collaborations and underscores its commitment to technology innovation in therapeutics development.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:37 pm

TMUS

SpaceX has received FCC approval to test direct-to-cell technology using Starlink satellites and mobile phones, in partnership with T-Mobile US Inc (NASDAQ:TMUS). The trials will involve around 2,000 test devices and 840 satellites, aiming to provide connectivity in remote areas beyond the reach of cell towers.

Portfolio Pulse from Ryan Gustafson

December 14, 2023 | 10:40 pm

ADAUSD

DOTUSD

Polkadot (CRYPTO: DOT) has seen a 43.5% gain in the past month, with a 19% increase over the last 7 days. The circulating supply is 1.3 billion, and trading volumes have risen by 26%. Polkadot 1.0 was released, and USDC went live on its asset hub. Staking increased to 49%, and partnerships with Deloitte and Cardano were announced. Deloitte will use the Kilt blockchain for supply-chain services, and Cardano will use Polkadot's Substrate for its partner chain project. The Web3 Foundation will invest $1 million in U.S. treasury bills on-chain through Anemoy on Centrifuge Chain.

Portfolio Pulse from Khyathi Dalal

December 14, 2023 | 10:33 pm

BXMT

Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust, CPP Investments, and Rialto Capital have acquired a 20% equity stake in a joint venture with the FDIC, holding a $16.8 billion commercial real estate loan portfolio from the defunct Signature Bank. The FDIC retains an 80% stake and provided 50% financing. The portfolio consists of over 2,600 loans, mostly performing and fixed-rate, in the New York area. Blackstone will manage the assets, and Rialto will service the loans. CPP Investments' credit portfolio is valued at C$75 billion as of September 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:38 pm

AL

Air Lease Corporation has delivered two new Airbus aircraft to Sunclass Airlines of Denmark. The delivery includes one A321-200neo and one A330-900neo, both on long-term lease from ALC's order book with Airbus. The aircraft were delivered in December.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 9:37 pm