Streetbeat News

Partnerships

MAT

Mattel, Inc. (NASDAQ:MAT) has appointed Michelle Mendelovitz as Head of Mattel Television Studios. Mendelovitz will manage development, production, and distribution of content globally and reports to Chief Franchise Officer Josh Silverman. She brings experience from Disney 20th Television Studios, Apple TV+, Sony Pictures Television, and CBS Television Network. Mattel's CEO Ynon Kreiz expressed enthusiasm for Mendelovitz's role in growing the fan base and developing culturally resonant stories. Mattel Television Studios has premiered 12 series and specials in 2023, focusing on content from Mattel's iconic franchises.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:01 pm

NLSP

NLS Pharmaceutics AG (NASDAQ:NLSP) stock plummeted 40% after announcing it is exploring strategic alternatives, including partnerships and licensing, and implementing cost-saving measures such as reducing its workforce by 50%. These steps are taken to diversify revenue, extend cash reserves, and streamline operations while focusing on innovation in therapies for nervous system disorders.

Portfolio Pulse from Henry Khederian

November 16, 2023 | 4:00 pm

JAZZ

Japanese policymakers approved a bill to legalize medical cannabis products like Epidiolex, owned by Jazz Pharmaceuticals (JAZZ), while maintaining strict restrictions on other marijuana uses. New York-based The CURE BRAND announced a partnership to introduce CBD products in Japan. South Africa's National Assembly passed a Cannabis Bill for private cultivation. In Australia, the AMA opposes a bill to legalize recreational cannabis, while a former police boss advocates for policy reform. Health Canada is urged to raise THC caps in edibles. Thailand seeks stricter cannabis rules.

Portfolio Pulse from Jelena Martinovic

November 16, 2023 | 3:11 pm

AMZN

VOD

VZ

Amazon announced plans to begin beta testing of a new service in the second half of next year, with early partners such as Vodafone and Verizon expected to be among the first to participate in service pilots.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:05 pm

AMZN

Amazon's Project Kuiper has successfully completed a series of orbital tests with a 100% success rate, validating the satellite design and paving the way for mass production in Kirkland, Washington. The tests included streaming video and facilitating an online sale, demonstrating the potential synergies with Amazon's other services. Project Kuiper aims to provide broadband internet access globally and is on track for full-scale deployment starting in the first half of 2024. The project is behind SpaceX's Starlink but plans to leverage Amazon's existing business lines.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:04 pm

APLM

Apollomics Inc's partner in China, Avistone Biotechnology, received conditional approval from China's NMPA for vebreltinib to treat MET exon 14 skipping NSCLC. Apollomics is discussing an NDA with the FDA based on clinical trial data. NSCLC is a major cause of cancer deaths, with MET exon 14 mutations in 3-4% of cases. Apollomics holds rights outside China, Hong Kong, and Macau. APLM shares surged 44.8% to $1.26.

Portfolio Pulse from Vandana Singh

November 16, 2023 | 3:03 pm

ABVC

ABVC BioPharma Inc and its unit Biolite have each entered into a multi-year, global licensing agreement with AiBtl BioPharma Inc. According to the agreements, ABVC and Biolite will each receive 23 million shares of AiBtl stock, as disclosed in an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:33 pm

AMZN

ESTC

Elastic (NYSE:ESTC) has entered into a two-year global Strategic Collaboration Agreement with Amazon Web Services (AWS) to integrate Amazon Bedrock with the Elastic AI Assistant. This collaboration aims to facilitate the development and scaling of generative AI-powered applications using Elastic Cloud on AWS. The integration will initially focus on security use cases, with observability applications to follow. Randstad Group Netherlands has expressed interest in leveraging this integration to enhance their security operations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:18 pm

LUCD

PAVM

Lucid Diagnostics Inc. (LUCD) has expanded its executive team by hiring Natalie S. Carfora as VP, Market Access, and James M. Fricchione as VP, Employer Markets to support market access and direct contracting efforts. Shaun M. O'Neil has been promoted to President and COO. These moves aim to drive EsoGuard payor coverage and secure direct contracts, which are vital for Lucid's revenue growth. Lucid is a majority-owned subsidiary of PAVmed Inc. (PAVM).

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:14 pm

ACI

Albertsons Companies (ACI) has expanded its use of the Afresh AI-powered store ordering and inventory platform to include its meat and seafood departments across the entire chain. This follows a successful implementation in the produce department, aiming to improve in-stock rates and cater to local consumer preferences.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:13 pm