Streetbeat News

Partnerships

THAR

Tharimmune Inc (NASDAQ:THAR) has signed an exclusive worldwide licensing agreement with Avior Inc. to develop, market, and commercialize a clinical-stage asset, AV104 (to be renamed TH104). TH104 is aimed at treating chronic pruritis in patients with primary biliary cholangitis (PBC), an orphan liver disease. The company expects to complete a phase 1 pharmacokinetic trial and a phase 2 proof-of-concept efficacy study in PBC patients over approximately 12 months. Tharimmune's shares are up 37.50% at $0.22.

Portfolio Pulse from Vandana Singh

November 07, 2023 | 6:36 pm

ALTO

OPRT

SNTI

THAR

TXMD

VTYX

US stocks traded higher with the Nasdaq Composite gaining over 100 points. The US trade deficit increased to $61.5 billion in September. TransMedics Group, Senti Biosciences, and Tharimmune saw their shares rise after positive news, while Ventyx Biosciences, Alto Ingredients, and Oportun Financial Corporation saw their shares drop due to disappointing results.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 5:05 pm

VERS

VRSSF

VERSES Technologies Inc. (CBOE: VERS) (OTCQX:VRSSF) has announced a partnership with Cortical Labs, a biological hardware startup. The partnership aims to revolutionize computing by fusing live neurons with silicon chips. Cortical Labs, backed by billionaire Li Ka Shing and In-Q-Tel, the venture capital arm of the CIA, has created DishBrain, a synthetic biological computer consisting of 800,000 neurons. The partnership will explore the development of novel algorithms leveraging Cortical Labs’ synthetic biological intelligence systems.

Portfolio Pulse from Larry Friedman

November 07, 2023 | 4:31 pm

LVO

TSLA

LiveOne (LVO) has announced a renewed agreement with Tesla (TSLA) and continued paid membership growth. In October 2023, LiveOne added 50,000 new paid members with an ARPU of $3.00+ per subscriber per month. Year-over-year, new paid memberships increased by approximately 686,000, a 38% increase. Tesla has renewed its agreement for the 10th consecutive year, which includes a paid Slacker membership as part of Tesla's Premium Connectivity Package. Tesla paid members have grown by 15X since LiveOne's acquisition of Slacker in 2017. LiveOne reiterates its guidance for fiscal year 2024 of 800K - 825K new paid members versus the prior fiscal year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:21 pm

FDP

Fresh Del Monte Produce Inc. (NYSE:FDP) has partnered with Arena Packaging to introduce Reusable Plastic Containers (RPCs) for bananas. The RPCs, which have a life cycle of up to 15 years, aim to transform industry standards, reduce food waste, carbon emissions, operational costs, and preserve the fruit's health. The RPCs also improve airflow and extend shelf life for banana shipments. The containers arrived at retail stores in the South Texas region last month.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:20 pm

VERB

Verb Technology Company Inc (NASDAQ:VERB) shares are trading lower by 10% to $0.23. This follows the company's announcement of new technology integrations for its MARKET.live platform with existing ecommerce solutions. The company has successfully onboarded 10 brands in one week and expects to enhance the shopping experience for users of MARKET.live.

Portfolio Pulse from Henry Khederian

November 07, 2023 | 4:07 pm

DRQ

PBR

Dril-Quip, Inc. (NYSE:DRQ) has successfully installed its first 18" x 22" XPAK-De Expandable Liner Hanger in a Santos Basin deepwater pre-salt exploratory well for the Sagitario Location, operated by Petrobras (60%) in partnership with Repsol Sinopec Brasil (20%) and Shell (20%). The technology can accelerate the well construction process, lower operating costs and reduce risks associated with deepwater drilling operations.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:02 pm

UPST

Vesta, a mortgage loan origination software provider, has partnered with AI lending marketplace Upstart (NASDAQ:UPST) to launch a new home equity line of credit (HELOC) product. The partnership has resulted in accelerated rollout, improved customer experience, and increased automation in origination. Upstart aims to offer online approval in less than 10 minutes and a closing process of less than five days for the new HELOC product.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 4:01 pm

EVC

Entravision Communications has been included in TikTok's Marketing Partners page, offering value-added services such as ad operations support, creative design, brand strategy, and analytics, depending on the revenue commitment.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:07 pm

SNTI

Senti Biosciences has announced a strategic collaboration with Celest Therapeutics for the clinical development of SENTI-301A in China. Senti could receive up to $156 million in milestones and royalties.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:35 pm