Streetbeat News

Partnerships

MIRA

Mira Pharmaceuticals' stock is trading higher following the announcement of an exclusive licensing agreement for Ketamir-2.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:17 pm

SAN

Santander Private Banking International, a division of Banco Santander, is now offering cryptocurrency trading and investment services to its affluent clients in Switzerland. The bank will expand its crypto offerings based on a stringent screening process and provide a regulated custody model for asset security. This move is a departure from the typical stance of large banks on cryptocurrencies. Santander's private banking sector manages assets for approximately 210,000 high-net-worth individuals, with total assets and deposits around $315 billion.

Portfolio Pulse from Murtuza Merchant

November 20, 2023 | 3:07 pm

BRSH

CUEN

INBS

MSFT

NOGN

NSTG

PXMD

U.S. stocks opened higher with the Nasdaq Composite gaining over 50 points. Information technology shares led the gains, while utilities fell. Microsoft CEO announced OpenAI's leaders joining the company. Bruush Oral Care, Nogin, and Cuentas reported significant share price increases, while NanoString Technologies, PaxMedica, and Intelligent Bio Solutions saw sharp declines. Oil prices rose, gold and silver fell, and copper increased. European markets were mixed, and Asian markets closed mixed. The People's Bank of China kept lending rates steady.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 2:46 pm

SNDL

SNDL Inc. and Nova Cannabis Inc. have mutually decided to terminate their strategic partnership agreement from December 2022. Despite this, they continue their collaboration under an existing management and services agreement. SNDL has extended the maturity date of Nova's credit facility to March 2024 and remains committed to supporting Nova's growth. The distribution of Nova shares to SNDL shareholders is now canceled. SNDL's stock saw a slight increase in pre-market trading.

Portfolio Pulse from Jelena Martinovic

November 20, 2023 | 2:12 pm

ROKU

Roku has partnered with Unity to integrate TV streaming advertising into mobile app performance marketing. This collaboration aims to leverage Roku's advertising capabilities with Unity's extensive reach in the gaming industry, potentially offering advertisers a more comprehensive platform to target audiences across TV and mobile gaming environments.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:09 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) stock is trading higher after CEO Satya Nadella announced that OpenAI's Sam Altman and Greg Brockman will join Microsoft to lead a new advanced AI research team. This follows OpenAI's decision to replace Altman with former Twitch CEO Emmett Shear. Microsoft has invested in OpenAI and has a tech partnership with the company. Nadella confirmed Microsoft's commitment to the partnership and expressed confidence in the product roadmap and innovation.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 2:07 pm

EMR

Emerson (NYSE:EMR) has made a strategic investment in Frugal Technologies, a Danish company specializing in fuel optimization for shipping fleets. Frugal's AI-driven software aims to reduce fuel consumption by up to 15%, aligning with Emerson's expertise in marine systems. This collaboration addresses the need for better fuel management and compliance with stricter emissions targets set by the International Maritime Organization.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:06 pm

SNES

SenesTech, Inc. has expanded its distribution through DIY Pest Control with an initial stocking order for its Evolve Soft Bait fertility control product. Evolve is a nonlethal rodent fertility control solution that is highly palatable to rats and can be used in various environments. The product aims to manage rodent populations by reducing their fertility. SenesTech's CEO, Joel Fruendt, expressed satisfaction with the expanded distribution relationship, which builds on the past success of distributing ContraPest products. DIY Pest Control's President, Fletcher Cline, anticipates Evolve will be a strong seller, complementing the demand for other SenesTech products like the Elevate and Isolate Bait Systems.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:04 pm

DELL

HPE

LNVGY

NVDA

NVIDIA has announced that Dell Technologies, Hewlett Packard Enterprise, and Lenovo will integrate NVIDIA's Spectrum-X Ethernet networking technologies into their servers to enhance AI workloads. Spectrum-X, designed for generative AI, offers 1.6x higher performance than traditional Ethernet and will be paired with NVIDIA's GPUs and AI software. The collaboration aims to transform businesses with generative AI, with new systems expected in the next year's first quarter.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:02 pm

DGX

Universal DX (UDX) has announced a strategic collaboration with Quest Diagnostics (NYSE:DGX) to bring an advanced colorectal cancer screening blood test, Signal-C®, to the U.S. market, pending FDA approval. The collaboration includes a 15,000-patient study for FDA premarket approval, with Quest providing clinical laboratory services. UDX also closed its series B financing round, raising approximately $70 million, with Quest as an investor. Signal-C® has shown high sensitivity and specificity in preliminary studies and aims to improve screening accessibility and convenience.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:55 pm