Streetbeat News

Partnerships

IPA

ImmunoPrecise Antibodies Ltd. (NASDAQ:IPA) announced the launch of BioStrand's advanced AI-driven drug discovery platform, integrating diverse data modalities with proprietary HYFT technology and LENSai platform. The platform aims to enhance accuracy and interpretability in drug development, leveraging Vertical AI for tailored therapies. The market for AI in healthcare is expected to grow significantly, positioning ImmunoPrecise and BioStrand as potential leaders in AI-driven biotherapeutic research.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:06 pm

AGRI

AgriFORCE Growing Systems CEO Richard Wong provided a shareholder update, highlighting progress in product development, market penetration, and investments. The company has finalized the first phase of product development, qualifying three types of wheat-based flours, with expectations to begin shipping in the coming weeks. AgriFORCE is also seeing interest in its RCS Hydroxyl pathogen and VOC killing machines, with initial orders and potential growth in the next quarter. The company is in discussions to license its GrowHouse technology and is working on AgTech consulting solutions. Despite challenges in the M&A environment due to high interest rates and capital market difficulties, AgriFORCE remains committed to its acquisition pipeline. The company is focused on commercializing its products and technologies to improve food nutrition and security, with revenue generation expected in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:04 pm

COR

Sapphiros has entered into a distribution agreement with Cencora, Inc. (formerly AmerisourceBergen Corporation) to distribute Sapphiros's GoToKnow™ COVID-19 Antigen Rapid Tests to U.S. pharmacies. The partnership will also give Cencora access to future Sapphiros technologies, including a new diagnostics platform, additional rapid tests, and a novel blood collection patch expected in early 2024.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:02 pm

EWG

INTC

TSM

A German government source has expressed the expectation that commitments made to Intel and TSMC will be honored. This statement underscores the importance of the agreements with these major semiconductor companies for Germany's tech and manufacturing sectors.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:59 pm

BA

GE

JPM

MUFG

On CNBC's 'Halftime Report Final Trades,' analysts recommended JPMorgan Chase & Co. (JPM), The Boeing Company (BA), Mitsubishi UFJ Financial Group, Inc. (MUFG), and General Electric Company (GE). JPMorgan may manage up to $10 billion in JPM Coins soon. Boeing was upgraded by Deutsche Bank to Buy with a $270 price target. Mitsubishi UFJ announced a stock repurchase, and GE's GE Vernova signed an MOU with Next Hydrogen Solutions for green hydrogen production. JPM shares fell slightly, BA shares rose, MUFG shares fell, and GE shares also fell slightly in Tuesday's session.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 1:51 pm

SOFI

SoFi Technologies (NASDAQ:SOFI) has seen growth and a positive earnings outlook, yet its stock performance has been lackluster since its SPAC debut. Market sentiment is cautiously optimistic due to concerns over interest rates and loan securitization. SoFi's focus on adjusted EBITDA over GAAP profits and strategic growth in its Financial Services segment, which saw a 50% increase in users and a 142% revenue surge, are key factors. The company's securitization deal with BlackRock and a Buy analyst consensus with a $10.39 price target suggest potential for long-term growth. SoFi's stock was slightly up in premarket trading.

Portfolio Pulse from Surbhi Jain

November 22, 2023 | 1:24 pm

KTOS

Kratos Defense & Rocket Support Solutions, Inc. and ReLogic Research have announced the formation of Atreus Technologies, LLC. This new venture is expected to leverage the strengths of both parent companies to deliver advanced technology solutions. The formation of Atreus Technologies could potentially enhance the product offerings and market position of Kratos Defense.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:06 pm

NICE

Oodle Car Finance has chosen NICE's AI-driven customer experience solutions, including Enlighten AI for Vulnerable Customers, to improve service for vulnerable consumers. NICE's technology provides real-time guidance to contact center agents, ensuring fair treatment and regulatory compliance with the UK's FCA guidelines. The cloud-based applications analyze interactions to identify vulnerability indicators, improving key performance indicators and operational costs. Oodle has already seen improvements in identifying vulnerable customers, and the solution will continue to evolve for better service delivery.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:04 pm

MSFT

Elon Musk, on X (formerly Twitter), expressed his support for OpenAI's semi-independence rather than a merger with Microsoft Corporation (NASDAQ:MSFT). Musk has been critical of Microsoft's significant control over OpenAI, citing concerns over the concentration of power in tech. His comments reflect ongoing concerns about the relationship between OpenAI and Microsoft, including the control over OpenAI's ChatGPT and its operation in Microsoft data centers.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 12:30 pm

GXO

GXO Logistics has extended its partnership with Avon, managing a site in Garwolin that supports Avon's largest factory in Europe. This site facilitates the distribution of Avon products to over 50 countries across Europe, Africa, and Asia. GXO has been supporting Avon's operations for 15 years.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 12:02 pm