Streetbeat News

Partnerships

GOOG

GOOGL

Alphabet Inc's Google announced Gemini, a new AI model with three versions: Ultra, Pro, and Nano. Gemini Nano is in Android's Pixel 8 Pro, and Gemini Pro is in Bard, Google's AI chatbot. Gemini Pro is now available to developers with features like advanced text processing, broad language support, and multimodal capabilities. Google AI Studio and Vertex AI on Google Cloud support Gemini development. Gemini Ultra will launch later, and integration into Chrome and Firebase is planned. GOOG shares closed up 0.25% at $133.97.

Portfolio Pulse from Anusuya Lahiri

December 13, 2023 | 9:17 pm

CDXS

Codexis, Inc. (NASDAQ:CDXS) has achieved gram-scale synthesis with its ECO Synthesis Platform, a significant step in the development of RNAi therapeutics manufacturing. This milestone allows Codexis engineers to model the manufacturing process and initiate pre-commercial customer testing in 2024, with a full commercial launch expected in 2026. The company's progress was highlighted during a virtual KOL investor event with industry experts discussing the potential of the ECO Synthesis Platform.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:17 pm

LNW

Light & Wonder, Inc. (LNW) has officially appointed Oliver Chow as the company's Executive Vice President, Chief Financial Officer, and Treasurer. Chow has been serving as the Interim CFO since August 2023 and has over 15 years of experience in entertainment and gaming, with previous senior finance roles at Aristocrat and other companies. CEO Matt Wilson expressed confidence in Chow's abilities and experience. Chow is committed to supporting the company's growth and financial strategy.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:13 pm

CDXS

Codexis has entered into an agreement granting Aldevron a global exclusive license to its Codex HiCap RNA Polymerase. Aldevron gains manufacturing and commercialization rights, while Codexis will receive payments for technical and commercial milestones, as well as sales-based royalties. Both companies will collaborate to ensure a smooth transition for customers.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:08 pm

MAT

PARA

Mattel Films, Paramount Pictures, and Temple Hill Entertainment are collaborating to develop a feature film based on the American Girl brand. Lindsey Anderson Beer has been announced as the writer for the project. This partnership aims to leverage the popularity of the American Girl brand and expand its reach through cinema.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:02 pm

COIN

JPM

Bitwise predicts significant milestones for the cryptocurrency industry in 2024, including Bitcoin reaching new highs, the launch of a spot Bitcoin ETF, and the halving of Bitcoin supply. Stablecoins may overtake Visa in transaction volume, Coinbase's revenue is expected to double, and JPMorgan may launch a tokenized fund. Ethereum's revenue could triple, and AI assistants might start using crypto for payments. Decentralized prediction markets and Ethereum's network upgrade could drive further growth. Taylor Swift may enter the NFT space, and more financial advisors could allocate crypto in client accounts.

Portfolio Pulse from Murtuza Merchant

December 13, 2023 | 8:30 pm

RAMP

TripleLift and LiveRamp (NYSE:RAMP) have expanded their partnership to integrate TripleLift Audiences with RampID, enhancing first-party audience solutions. This collaboration allows marketers to create lookalike audiences across the open web without relying on traditional identifiers like cookies. The solution aims to improve targeting accuracy and scalability, especially as the industry faces the deprecation of third-party cookies. The partnership has already shown improved CPCs and CPMs in tests, and TripleLift Audiences now offers over 1,300 segments for customization.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 7:48 pm

CCCC

DESP

RSLS

STTK

TTWO

Despegar.com, Corp. (DESP) shares rose by 16.4% after raising its FY23 revenue guidance. Other stocks moved in Wednesday's mid-day session with significant gainers including Shattuck Labs (STTK), ReShape Lifesciences (RSLS), and C4 Therapeutics (CCCC), among others. Losers included Hywin Holdings (HYW), Boqii Holding (BQ), and Processa Pharmaceuticals (PCSA). Notable mentions include ABM Industries (ABM) with positive results and guidance, and Take-Two Interactive Software (TTWO) being added to the Nasdaq-100 Index.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 6:40 pm

AAPL

AMZN

FWONA

FWONK

NFLX

Netflix Inc (NASDAQ:NFLX) is expanding into live sports, leveraging the success of its sports docuseries. The company announced 'The Netflix Slam,' a tennis match between Rafael Nadal and Carlos Alcaraz, to be streamed live on March 3, 2024. Netflix's sports docuseries have been successful, with 'Drive to Survive' contributing to the growth of Formula 1 in the U.S. Netflix's engagement report shows significant viewership hours for its sports series. The company is exploring live content, following in the footsteps of Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL), but focusing on smaller sports rights and live specials rather than costly major sports rights.

Portfolio Pulse from Chris Katje

December 13, 2023 | 6:24 pm

BNTX

PFE

BioNTech SE (BNTX) shares dropped 5.6% after Pfizer Inc. (PFE) provided FY24 guidance that was below consensus estimates. BioNTech's revenue is closely tied to its collaboration with Pfizer on the COVID-19 vaccine, and investors are concerned about the potential impact on BioNTech's financial performance due to Pfizer's lower-than-expected revenue projections.

Portfolio Pulse from Henry Khederian

December 13, 2023 | 5:46 pm