Streetbeat News

Partnerships

OLED

BOE Technology Group and Universal Display Corporation have entered into long-term agreements for OLED technology. These agreements will allow BOE to use Universal Display's proprietary UniversalPHOLED technology and materials for OLED displays. The collaboration is expected to enhance product offerings and leverage Universal Display's expertise in the OLED market.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:16 pm

BA

Millennium Space Systems, a subsidiary of Boeing (NYSE:BA), has completed the Critical Design Review (CDR) for the Missile Track Custody (MTC) space vehicle. This milestone was achieved less than a year after the project was authorized and only five months after the Preliminary Design Review. The company will now proceed to deliver six space vehicles for MTC Epoch 1, which includes two additional vehicles from the original contract and four more from an expanded Other Transaction Authority. The focus on digital engineering and a mature spacecraft architecture has allowed for rapid progress and is expected to reduce risks in vehicle production.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:02 pm

ESGL

ESGL Holdings has renewed a multi-year contract with Singapore Refining Company. The terms of the contract have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:02 pm

PCVX

STRO

Vaxcyte, Inc. has exercised an option and entered into a manufacturing rights agreement with Sutro Biopharma, Inc. to gain control over the development and manufacture of cell-free extract for its pneumococcal conjugate vaccine (PCV) franchise. This move is part of Vaxcyte's strategy to support the global commercialization of its PCV candidates, VAX-24 and VAX-31. Vaxcyte paid Sutro $50 million in cash and will pay an additional $25 million within six months, with potential future milestone payments totaling up to $60 million.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:01 pm

SVRE

SaverOne Inc (NASDAQ:SVRE) stock surged over 50% after announcing a pilot with System Logistics to equip a portion of their vehicles with SaverOne's safety solutions. The pilot could expand to the entire fleet, marking a significant step in SaverOne's growth in Europe and strengthening its presence in Italy.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 8:46 pm

PLTR

Palantir Technologies, Inc (NYSE:PLTR) experienced a slight decline on Monday after a 10% retracement from its 52-week high of $21.85. The stock had surged about 30% since October 31, driven by increased interest in AI and a seven-year contract with the U.K.'s NHS. Palantir also reported a Q3 earnings beat on November 2. Despite the recent pullback, technical analysis suggests the stock may have found a local bottom and could rise if it regains the eight-day EMA. Resistance is at $19.95 and $21.09, with support at $17.84 and $16.29.

Portfolio Pulse from Melanie Schaffer

November 27, 2023 | 8:44 pm

SVRE

SaverOne's stock price has increased following the announcement of a pilot program with System Logistics. This collaboration could potentially lead to broader adoption of SaverOne's technology in logistics and supply chain solutions.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 8:13 pm

AMZN

GOOGL

MSFT

The U.S. and U.K., along with 16 other countries, signed an agreement on AI safety, emphasizing 'secure by design' principles. The agreement, influenced by CISA, NCSC, and major AI developers like Amazon, Alphabet, and Microsoft, aims to protect AI from misuse and enhance cybersecurity. The guidelines encourage AI developers to be aware of threats and incorporate best practices in cybersecurity and risk management. While only guidelines, some countries are considering regulation, and President Biden has ordered safety assessments for the AI industry.

Portfolio Pulse from Neil Dennis

November 27, 2023 | 6:23 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) stock reached a new 52-week high of $120.34, driven by positive developments in the cryptocurrency sector. Bitcoin's new high, a settlement with Binance, the election of a pro-cryptocurrency president in Argentina, and anticipation of BlackRock's Bitcoin ETF have contributed to Coinbase's over 70% gain in the past month. Trading volume for COIN has exceeded its 100-day average.

Portfolio Pulse from Erica Kollmann

November 27, 2023 | 5:37 pm

LLY

NVO

Novo Nordisk A/S (NYSE:NVO) is in discussions to introduce flexible pricing for its weight loss drug Wegovy, aiming to allow healthcare systems to adopt the medication with payments spread over time. Despite competition from Eli Lilly's (NYSE:LLY) upcoming weight-loss drug Zepbound, which is expected to be priced 20% lower, Novo Nordisk plans to maintain Wegovy's pricing but is open to risk-based contracts that could lead to long-term savings for healthcare providers. The company is also set to launch Wegovy in Japan, entering the Asian market amidst supply and demand challenges. NVO shares saw a slight decline of 1.15% recently.

Portfolio Pulse from Vandana Singh

November 27, 2023 | 4:04 pm