Streetbeat News

Partnerships

AAPL

Apple Inc. has proposed to end its credit-card partnership with Goldman Sachs within the next 12-to-15 months. This decision includes terminating the joint credit card launched in 2019 and the savings account introduced in 2022.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 11:13 pm

EIS

IZRL

Israel and Hamas have extended their ceasefire for an additional 48 hours following a successful hostage-for-prisoner exchange. The US has sent humanitarian aid to Egypt to support Gaza, with more flights expected. Elon Musk was invited by a senior Hamas official to visit Gaza. Israeli Prime Minister Netanyahu reiterated Israel's commitment to security, while US Secretary of State Blinken discussed the situation with NATO members, also expressing support for Ukraine. Israeli stocks, including the iShares MSCI Israel ETF (EIS) and ARK Israel Innovative Technology ETF (IZRL), saw gains on Tuesday.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 10:12 pm

ARVN

PFE

Arvinas and Pfizer are set to present updated clinical trial data for Vepdegestrant (ARV-471), a novel oral estrogen receptor degrader, at the 2023 San Antonio Breast Cancer Symposium. The drug is being studied for the treatment of ER+/HER2- breast cancer.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:07 pm

PSNL

Personalis, Inc. and Tempus have entered into a strategic collaboration to advance cancer testing. Tempus will provide up to $12 million to Personalis to fund clinical evidence development for NeXT Personal Dx. In return, Personalis will compensate Tempus for services and grant warrants for about 9.2 million shares of Personalis' common stock over 24 months.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:28 pm

BRK-A

BRK-B

COST

DJCO

Charles Munger, vice chairman of Berkshire Hathaway and chairman of the Daily Journal Corporation, has passed away at 99. Munger, known for his investment philosophy and partnership with Warren Buffett, also served as a director at Costco Wholesale Corporation. His criticisms of cryptocurrencies, particularly Bitcoin, and his emphasis on ethical business practices were notable aspects of his legacy.

Portfolio Pulse from Sue Strachan

November 28, 2023 | 9:20 pm

AMZN

NTAP

NetApp (NASDAQ:NTAP) announced a significant performance enhancement for Amazon FSx for NetApp ONTAP at re:Invent, offering up to nine times higher storage performance. This enables customers to efficiently run high-performance applications on AWS. The scale-out file systems support a range of workloads, including HPC, EDA, VFX, and machine learning. The new capabilities provide up to 36GB/s throughput and 1.2 million SSD IOPS, with improved scalability and management features. These enhancements are now available in select AWS regions.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:15 pm

ICAD

iCAD Inc. shares have risen following the announcement that its AI-powered solutions from the ProFound Breast Health Suite are now integrated with GE HealthCare's new product offering.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:00 pm

ACN

Accenture (NYSE:ACN) has acquired Ocelot Consulting, a cloud consultancy firm, to enhance its data engineering and Cloud First capabilities in North America. Ocelot Consulting brings expertise in full-stack development, data engineering, data science, and cloud modernization, particularly with AWS. The acquisition aims to accelerate cloud transformation for clients in various industries such as utilities, financial services, agriculture, and consumer goods. The financial terms were not disclosed. Ocelot's team of approximately 100 technologists will join the Accenture AWS Business Group, which is part of Accenture Cloud First.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:12 pm

NVDA

SSNLF

TSM

At the UBS Technology Conference, NVIDIA's CFO expressed interest in adding a third foundry partner to diversify beyond its current reliance on TSMC and Samsung for chip production.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:08 pm

ADDDF

AMZN

NVDA

UAL

At AWS re:Invent 2023, AWS CEO Adam Selipsky discussed AWS's achievements and strategies, focusing on generative AI and the Bedrock platform. AWS announced the Trainium 2 chip and Graviton 4, and a partnership with Nvidia to bring DGX Cloud to AWS. AWS also plans more data centers and introduced Amazon S3 Express One Zone and S3 Intelligent Tiering. Speculation exists about AWS unveiling 'Olympus,' a large language model. Amazon CodeWhisperer and Amazon Detective updates were also featured. AMZN shares dropped by 0.62%.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 6:44 pm