Streetbeat News

Partnerships

NFLX

VZ

WBD

Verizon Communications Inc. is reportedly partnering with Netflix Inc. and Warner Bros Discovery to launch a competitively priced streaming bundle. The bundle, which includes ad-supported versions of Netflix and Warner Bros Discovery’s Max streaming services, will be offered to Verizon customers for about $10 a month. The launch is expected in the coming weeks and involves a revenue-sharing agreement between the three companies.

Portfolio Pulse from Benzinga Neuro

November 10, 2023 | 7:48 am

IRDM

QCOM

The collaboration between Qualcomm Inc. (QCOM) and Iridium Communications Inc. (IRDM) to introduce satellite connectivity to Android phones has been discontinued. The Snapdragon Satellite platform was launched in January to enable satellite-based SMS and emergency messaging on Android smartphones. However, due to lack of integration by smartphone manufacturers, Qualcomm decided to terminate the partnership. This puts Android phones at a disadvantage as Apple already offers satellite-based emergency messaging on its iPhones.

Portfolio Pulse from Rounak Jain

November 10, 2023 | 6:47 am

WKEY

WISeKey and Avium Digital have signed a Memorandum of Understanding (MoU) to enhance secure communications and fortify Avium's SaaS solution for vertiport infrastructures. The partnership will leverage WISeKey's cybersecurity solutions to ensure secure data transmission for Avium's clients.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:25 am

PL

Planet Labs PBC is set to launch its Pelican tech demonstration satellite, Pelican-1, and 36 SuperDoves, Flock 4Q, on SpaceX's Transporter-9 mission on November 11, 2023. The launch will take place from Vandenberg Space Force Base in California.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:13 am

BTDR

NVDA

Bitdeer Technologies is set to launch Bitdeer AI Cloud, powered by NVIDIA DGX SuperPOD with DGX H100 systems, in the Asia region.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:06 am

META

TCEHY

Meta Platforms Inc. (NASDAQ:META) has reportedly signed an initial agreement with Tencent Holdings Ltd. (OTC:TCEHY) to re-establish its presence in the Chinese market after 14 years. The collaboration aims to launch a cost-effective model of Meta’s virtual reality headset by the end of 2024, which will be exclusively sold by Tencent in China. The agreement is a significant move for Meta, which has been trying to re-establish its business in China for years.

Portfolio Pulse from Ananya Gairola

November 10, 2023 | 5:47 am

COR

WBA

Walgreens Boots Alliance (WBA) has sold shares of Cencora, Inc. (COR) for initial proceeds of $674 million. The sale was executed through variable prepaid forward transactions, providing WBA with liquidity while maintaining the ability to participate in potential stock price appreciation. The proceeds will be used for debt paydown and general corporate purposes. The sale has no impact on the long-term partnership between the two companies.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:18 am

OABI

OmniAb, Inc. (NASDAQ:OABI) held its first Research & Technology virtual event, where it launched OmnidAb, a platform for single domain antibodies based on a human VH scaffold that matures in a chicken host environment. The company also discussed OmniDeep, a suite of in silico tools for therapeutic discovery and optimization that uses artificial intelligence and machine learning. OmniAb's ion channel technologies, which have collaborations with GSK and Roche, were also highlighted.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:10 am

TOL

Toll Brothers, Inc. (NYSE:TOL) and Willton Investment Management have announced a joint venture to develop a 456-unit luxury rental community in Phoenix, Arizona. The project, named Lumara, is being financed through an $86 million construction loan facility from Santander Bank N.A. and Alerus. The community will feature high-end luxury finishes and amenities, and is located near Taiwan Semiconductor Manufacturing Company's future microchip manufacturing plant.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:51 pm

XGN

Exagen Inc. (NASDAQ:XGN) and Johns Hopkins University have announced an exclusive license agreement for the development of novel patented biomarkers for therapeutic management of patients with lupus nephritis. Exagen will acquire a worldwide exclusive license to an invention from the laboratory of Michelle Petri, MD, MPH, and Andrea Fava, MD. The company plans to develop these biomarkers into assays to aid diagnostic and treatment decisions.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:26 pm