Streetbeat News

Partnerships

ABSI

AZN

NVDA

RHHBY

AstraZeneca plc (NASDAQ:AZN) has entered into a partnership with Absci Corporation (NASDAQ:ABSI) to develop an AI-driven antibody for cancer treatment, with a deal value of up to $247 million. Absci will receive an upfront fee, R&D funding, milestone payments, and royalties on product sales. The collaboration aims to leverage Absci's AI technology for protein analysis to accelerate drug discovery. This move is part of a broader trend of incorporating AI into pharmaceutical research, as seen with Genentech's recent partnership with NVIDIA Corporation (NASDAQ:NVDA). ABSI stock rose 8.62% in premarket trading.

Portfolio Pulse from Vandana Singh

December 04, 2023 | 11:58 am

VFS

VinFast Auto (VFS) and the U.S. International Development Financial Corporation (DFC) signed an LOI for a potential $500M loan for a lithium-ion battery facility in Vietnam. This move aligns with sustainable transportation goals and strengthens Vietnam-U.S. relations.

Portfolio Pulse from Charles Gross

December 04, 2023 | 11:56 am

AAPL

VZ

Verizon Communications Inc. is offering a deal where customers can get an Apple Inc. iPhone 15 Pro, iPad (9th generation), and Apple Watch Series 8 for free, a package valued at $1,900. The deal includes a trade-in discount of up to $1,000, applied as a deduction on monthly mobile bills over 36 months. The iPhone 15 Pro features an A17 Pro chipset, a 6.1-inch Super Retina XDR OLED display, a titanium alloy design, a triple camera setup with a 48MP primary camera, and the new USB-C port.

Portfolio Pulse from Rounak Jain

December 04, 2023 | 11:56 am

MSFT

NVEI

NYAX

Nuvei Corp has partnered with Microsoft to enhance payment experiences for Microsoft's products and services in the Middle East and Africa. The collaboration will leverage Nuvei's payment technology to improve authorization rates and risk management, and offer local payment methods through a single integration. Nuvei also recently launched a card-issuing solution in 30 markets and partnered with Nayax Ltd for payment solutions. Nuvei's stock (NVEI) closed up 3.21% at $21.19.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 11:34 am

AFL

TRUP

Aflac and Trupanion have reiterated their commitment to their partnership by renewing an S-3 registration statement as per their 2020 shareholder agreement. This renewal is a procedural step and reflects the ongoing collaboration between the two companies.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:31 am

GDHG

Golden Heaven (GDHG) announced three strategic initiatives to expand its business. The first is to partner with leading Chinese amusement park players, the second to enhance brand recognition by emulating successful global theme parks, and the third to improve guest experiences by adding services like dining and lodging.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:09 am

SLI

Standard Lithium Ltd. has announced progress on the commercialization of its Phase 1A Project in Arkansas and has engaged Citi to explore strategic financing and partnership options. This engagement aims to support the Phase 1A Project, the broader South West Arkansas project, and the company's initiatives in East Texas.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:09 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) is expanding its presence in the Middle East by bringing its AI and advanced intelligent electric vehicle technology to Abu Dhabi's Smart and Autonomous Vehicles Industry (SAVI) cluster. This move comes after the recent launch of its limited-edition FF 91 2.0 Futurist aiFalcon model in the region, supported by the Abu Dhabi Investment Office (ADIO).

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:07 am

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) has secured a 5-year license agreement with a major global brand, which sells over 10 million HDTVs annually, to use WiSA E software for wireless immersive audio in HDTVs. This deal enables interoperability with WiSA E-enabled speakers from various WiSA Association brands.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:04 am

AMZN

VEON

VEON's subsidiary Kyivstar has signed a Memorandum of Cooperation with Amazon Web Services (AWS) to support the development of Ukrainian businesses. This collaboration aims to facilitate digital transformation and cloud adoption among businesses in Ukraine.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:02 am