Streetbeat News

Partnerships

AMZN

Amazon has introduced a new AI chatbot named Q, aimed at challenging Microsoft and Google in the productivity software domain. Q is designed for business operations and is currently in a preview version, with a full version costing $20-$25 per user per month. It will assist with AWS capabilities and troubleshooting, and can be integrated with apps like Salesforce's Slack and developers' text-editing applications.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 11:25 am

LLY

UTHR

United Therapeutics has extended its exclusive license agreement with Eli Lilly for the marketing, promotion, and sale of Adcirca (tadalafil) tablets in the US until December 31, 2026. The agreement, which was set to expire on December 31, 2023, allows United Therapeutics to continue commercializing Adcirca for pulmonary hypertension treatment. Other terms of the agreement remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:14 am

KHC

The Kraft Heinz Not Company LLC, a joint venture between Kraft Heinz (NASDAQ:KHC) and NotCo, has launched KRAFT NotMac&Cheese, marking the first plant-based version of KRAFT Mac & Cheese in the U.S. This is the third plant-based food innovation from the collaboration within a year, reflecting the companies' commitment to expanding their plant-based food offerings.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:03 am

KBR

PT Pupuk Sriwidjaja has selected KBR's Purifier technology for a new grassroots ammonia plant in Indonesia. KBR will provide a technology license, proprietary engineering design, proprietary equipment, and catalyst for the plant. The financial terms of the contract were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:01 am

CRM

GOOG

GOOGL

MSFT

AI researcher Timnit Gebru has rejected the idea of joining the OpenAI board, stating she finds it 'repulsive' and would rather consider returning to Google, which she left in 2020. OpenAI, backed by Microsoft, has faced criticism for its board's lack of diversity and has plans to expand it. Gebru's comments come after Sam Altman's return as CEO of OpenAI and amidst concerns over AI safety and diversity within the company.

Portfolio Pulse from Rounak Jain

November 29, 2023 | 10:28 am

TSLA

Hota Industrial Mfg. Co, a Taiwanese supplier for Tesla Inc. (NASDAQ:TSLA), is establishing its first U.S. factory in New Mexico to reduce shipping costs and mitigate cross-strait tensions. The $99 million investment aims to enhance supply chain security and proximity to North American customers, which make up 70% of Hota's sales. The New Mexico government is supporting the project with $3 million and potential tax credits. Hota expects to benefit from the U.S. Inflation Reduction Act, with production starting in 2025.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 9:57 am

ASND

Ascendis Pharma A/S has signed an exclusive license agreement with Teijin Limited, granting Teijin the rights to develop and commercialize Ascendis's endocrinology rare disease drugs in Japan. The deal is worth $70 million upfront, with the potential for up to $175 million in milestone payments, plus royalties on sales.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:35 am

PHO

Photocure ASA's partner Asieris Pharmaceuticals has announced that China's National Medical Products Administration (NMPA) has accepted the new drug application for Hexvix, a bladder cancer detection drug. Hexvix was licensed to Asieris by Photocure for commercialization in mainland China and Taiwan.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:32 am

JNPR

Vodafone Business has introduced a new AI-driven SD-LAN service, leveraging Juniper Networks' wired and wireless access platforms to enhance business connectivity and operations.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:04 am

AAPL

DIS

IBM

META

MTCH

WBD

Elon Musk responded to brands leaving his social media platform X after a report showed Instagram, owned by Meta Platforms Inc. (META), displaying sexualized content of minors. Brands like Apple Inc. (AAPL), Walt Disney Co. (DIS), IBM, Warner Bros. Discovery (WBD), and Washington Post have stopped advertising on X following Musk's controversial posts. Match Group Inc. (MTCH) and Bumble are also considering halting ads on Instagram. Over $75 million in ad revenue for X is at risk due to Musk's actions, despite his efforts to mitigate fallout, including an agreement with Israel on Starlink satellites.

Portfolio Pulse from Rounak Jain

November 29, 2023 | 8:43 am