Streetbeat News

Partnerships

HOLX

KKR

KKR, Hologic, and Ajax Health have formed a new platform called Maverix Medical, which aims to expedite medical device innovation, with an initial focus on technologies for detecting lung cancer.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 11:08 am

EVEX

Eve Air Mobility (NYSE:EVEX) and Flynas have announced a partnership to explore eVTOL aircraft operations in Saudi Arabia, aiming to start in Riyadh and Jeddah by 2026. This collaboration aligns with the Vision 30 sustainability goals and Embraer SA's strategy to reduce greenhouse gas emissions. Eve's eVTOL aircraft, still in development, promises a 60-mile range with potential future autonomous operations.

Portfolio Pulse from Anan Ashraf

November 30, 2023 | 10:55 am

PSX

Phillips 66 (NYSE:PSX) is engaging in a 'constructive dialogue' with Elliott Investment Management after the latter outlined a turnaround strategy with 75% upside potential for PSX. Phillips 66 acknowledges the value of strategic priorities since its Investor Day in November 2022 and has raised its shareholder distribution target to $13-15 billion. The company plans to monetize over $3 billion in non-core assets and achieve $1.4 billion in savings by 2024, including refining cost reductions. Elliott criticized PSX's operational expenditure discipline and suggested appointing two new board directors with refining experience. PSX shares rose 0.54% to $122.88 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 30, 2023 | 10:54 am

AAPL

AXP

GS

SYF

V

Apple Inc. (AAPL) is speculated to be seeking a new partner for its Apple Card operations following the potential end of its partnership with Goldman Sachs. A job listing for a software engineer at Apple Processing LLC hinted at a collaboration with Brazilian fintech company Pismo, recently acquired by Visa. Goldman Sachs is reportedly considering transferring the Apple Card program to American Express, while Synchrony Financial might take over the business. No official confirmation from Apple has been made regarding these changes.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 10:29 am

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) announced it will launch a mobile phone-based Atrial Fibrillation (AF) assessment service in Q2 2024. The service is part of an expansion of the company's Biometric Health Assessment suite, following a binding agreement with Qompium NV. The AF-Scan application is medically approved in multiple regions, including the USA, and aims to address the global prevalence of AF, which affects approximately 60 million people and significantly increases the risk of stroke.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:17 am

AAPL

Apple Inc. (AAPL) has reportedly refused to increase its payments to Arm Holdings despite Arm's recent IPO and pressure from Arm's parent company, SoftBank. Apple maintains a payment of less than $0.30 per iPhone for Arm's intellectual property, which is significantly lower than what other clients like Qualcomm and MediaTek pay. Despite the push for higher payments, Apple's contribution to Arm's sales remains below 5%, and the contract between the two companies has been extended beyond 2040.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 10:12 am

QUIK

QuickLogic Corporation (NASDAQ:QUIK) has secured a new contract to provide embedded FPGA (eFPGA) IP for a leading global semiconductor company, targeting the UMC 22nm process. The financial terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 10:05 am

AAPL

GOOG

NFLX

TTWO

Netflix Inc. (NFLX) is adding three Grand Theft Auto games to its gaming library in December. The games, part of 'Grand Theft Auto: The Trilogy – The Definitive Edition', are developed by Rockstar Games, owned by Take-Two Interactive Software Inc. (TTWO). The games will be available to Netflix members at no extra cost and can be pre-registered on Apple Inc.'s (AAPL) App Store and Alphabet Inc.'s (GOOG) (GOOGL) Google Play Store. This expansion follows Netflix's recent upgrade to its ad-supported plan.

Portfolio Pulse from Rounak Jain

November 30, 2023 | 9:34 am

HPE

Ofinno, a research lab specializing in 5G, Wi-Fi, and immersive media technologies, is transitioning from the public cloud to a private cloud using HPE GreenLake, a platform by Hewlett Packard Enterprise (NYSE:HPE). This move is expected to result in up to a 90% reduction in monthly operational costs and accelerate innovation. Ofinno has a history of selling patents to various industries, including consumer electronics, automotive, and telecommunications.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:42 am

IBM

IBM is collaborating with various international bodies, including NASA, Mohamed Bin Zayed University of Artificial Intelligence, the Government of Kenya, and the UK's STFC Hartree Centre, to apply its geospatial AI technologies to projects such as urban heat island mapping, reforestation, climate resiliency in aviation, and the development of a new AI foundation model for weather and climate.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:33 am