Streetbeat News

Partnerships

DNA

Vivici BV has partnered with Ginkgo Bioworks to enhance the production of sustainable and nutritious dairy protein through precision fermentation. Ginkgo will leverage its Protein Production Services and generative AI platform to provide optimal candidate strains for Vivici, which will help extend their protein range and support specialized nutrition companies in delivering eco-friendly nutrition options to consumers.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:07 am

XPEV

XPeng Aeroht, affiliated with Xpeng Inc (NYSE:XPEV), demonstrated its X2 flying car's multi-parachute rescue system, which can safely land the vehicle with up to a ton of cargo in case of propeller failure. The system activates at 50 meters above ground, allowing a safe landing at 5.2 m/s. The X2, which had its initial flight in October 2022, is a two-seater flying car with manual and autonomous modes, aimed for use in urban environments. XPeng plans mass production and customer deliveries by 2024.

Portfolio Pulse from Anan Ashraf

November 27, 2023 | 8:39 am

IQ

iQIYI has partnered with GSC Movies in Malaysia and Clover Films in Singapore to release Chinese films in these markets. This collaboration aims to expand the distribution and viewership of Chinese cinema in Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 7:50 am

AMZN

Amazon Web Services (AWS), part of Amazon.com, Inc. (NASDAQ:AMZN), has announced a partnership with Clarity AI, a company providing environmental and social insights for sustainable investing. Clarity AI's platform, which is now fully integrated with AWS, analyzes data to assist investors in tracking and optimizing the sustainability impact of their portfolios, as well as complying with regulatory reporting. This collaboration aims to influence consumer behavior and direct funds towards environmentally positive companies.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:23 am

MRUS

Merus N.V. (NASDAQ:MRUS), a clinical-stage oncology company, announced the publication of two abstracts on MCLA-129 for presentation at ESMO Asia Congress 2023. The abstracts include interim clinical data from studies on non-small cell lung cancer (NSCLC) and head and neck squamous cell carcinoma (HNSCC). MCLA-129 showed promising results in NSCLC when combined with osimertinib, and modest results as monotherapy in HNSCC. Merus plans to explore further development and potential partnerships for MCLA-129. An abstract on zenocutuzumab for NRG1+ NSCLC will also be presented. An investor call is scheduled for November 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 4:44 am

BTC-USD

ETH-USD

Mark Cuban expressed interest in a crypto real estate project that uses blockchain for urban development. The project involves smart contracts and NFTs to manage construction permits and funding through USDC stablecoin. Cuban's interest highlights his belief in practical crypto applications. Despite a past cryptocurrency scam costing him $870,000, Cuban remains a vocal advocate for the technology. Bitcoin and Ethereum saw slight declines in their prices.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 4:05 am

GK

MSFT

Ross Gerber, Tesla investor and CEO of Gerber Kawasaki Wealth And Investment Management, named Microsoft CEO Satya Nadella as 'CEO of the year' for his leadership and the company's success, particularly highlighting the OpenAI partnership. Microsoft's stock hit a record high this week, with the company's growth attributed to Nadella's 'cloud-first, mobile-first' strategy and a $10 billion investment in OpenAI. AdvisorShares Gerber Kawasaki ETF, which has Microsoft as its third biggest holding, may be influenced by these developments.

Portfolio Pulse from Shanthi Rexaline

November 26, 2023 | 9:18 pm

HSBC

Bob Ras, co-creator of Sologenic, discussed the benefits of tokenization in an interview with Benzinga, highlighting its potential to enhance liquidity and inclusivity in global markets, especially in emerging economies. He sees regulatory changes as positive for the crypto industry and notes major financial institutions like HSBC are entering the tokenization space, specifically with tokenized gold. Ras emphasizes the advantages of self-custody and instantaneous settlements with tokenized assets and envisions a transformative impact on sectors like real estate and art. He also acknowledges the need for appropriate licensing and regulations to protect investors.

Portfolio Pulse from Murtuza Merchant

November 24, 2023 | 7:19 pm

MSFT

Sam Altman, CEO of OpenAI, was briefly sacked and then reinstated amid media speculation about safety concerns related to a powerful AI model called Q*. Microsoft Corp, a major backer of OpenAI, was mentioned in the context of providing access to computer terminals worldwide. Q* is reported to solve novel math problems, indicating progress in AI but not yet achieving AGI, which OpenAI aims to develop safely. Concerns around AGI include job displacement, privacy, and cybersecurity. The situation highlights the lack of structured global discourse on AI's future.

Portfolio Pulse from Neil Dennis

November 24, 2023 | 6:33 pm

LILM

Lilium N.V. (NASDAQ:LILM) has signed a memorandum of understanding with CITIC Offshore Helicopter Co. to collaborate on establishing an eVTOL operation network in China, starting with the Greater Bay Area. The partnership aims to develop regional services based on market demand and eventually offer regular eVTOL services. This move is part of Lilium's expansion in China, following agreements with Heli-Eastern and an MOU with the Bao'an District of Shenzhen. CEO Klaus Roewe emphasizes the importance of the Chinese market, which is expected to account for 25% of the eVTOL market. LILM shares rose 8.23% to $0.9029 following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

November 24, 2023 | 4:31 pm