Streetbeat News

Partnerships

UPST

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) are trading higher by over 12% on Monday following the announcement of a partnership with Arbor Financial Credit Union to provide personal loans to its members. The stock has gained more than 25% over the past five trading sessions. Upstart is set to release its Q2 financial results on August 8.

Portfolio Pulse from Erica Kollmann

July 17, 2023 | 4:25 pm

SNY

Scribe Therapeutics has expanded its collaboration with Sanofi to advance in vivo genetic medicines for sickle cell and other genomic diseases. Scribe will receive $40M upfront, with the potential for more than $1.2B in milestones across all programs. The collaboration will leverage Scribe's CRISPR X-Editing (XE) technologies and Sanofi's capabilities in non-viral delivery to address sickle cell disease.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 3:53 pm

TSLA

Wedbush analyst Daniel Ives maintains an Outperform rating on Tesla Inc (TSLA) with a price target of $300. Ives believes Tesla is gaining market share in China and expects its aggressive pricing cuts to deliver long-term gains. He also notes Tesla's strong EV game and the recognition of its partnerships with Ford Motor Co (F) and General Motors Co (GM).

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 3:43 pm

FRSX

Foresight Autonomous Holdings has signed an exclusive commercialization agreement with Elbit Systems Land, securing revenue of up to $4 million over a 5-year contractual period. This has led to an increase in Foresight's share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:41 pm

ETHUSD

Unstoppable Domains, a digital identity platform, is introducing support for Ethereum Name Service (ENS) domain endings, allowing holders to establish their digital identity on the Ethereum blockchain using .eth domain endings. The company aims to attract new users to .eth by selling them on the same platform where they already offer .crypto, .nft, and .polygon domain endings. The platform will also support fiat payments, enabling customers to purchase domain endings with credit cards, PayPal, Apple Pay, or Google Pay, as well as with cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

July 17, 2023 | 3:25 pm

FSLR

First Solar has entered into a framework agreement with Energix Renewables, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 2:46 pm

DNA

Ginkgo Bioworks and the Ministry of Health of the Republic of Botswana have announced a pathogen monitoring program, leading to a rise in Ginkgo Bioworks' shares.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 2:38 pm

NKLA

Nikola Corp's shares are trading lower by 6.2% to $2.11, potentially due to ongoing profit-taking after a 43% rally over the past five sessions. The company recently announced an agreement with BayoTech for the acquisition of up to 50 Nikola Class 8 fuel cell electric vehicles over five years. Nikola will also access hydrogen through BayoTech's hub network and procure up to ten transport trailers.

Portfolio Pulse from Henry Khederian

July 17, 2023 | 2:32 pm

CVX

ENOG.L

BP and Azerbaijan's national oil company Socar have jointly placed a bid with Israel's NewMed Energy for two offshore gas exploration blocks in Israel. This follows their offer to jointly acquire 50% of NewMed for around $2 billion, potentially giving them entry to Israel's growing energy sector. The bid was for blocks near the Leviathan and Tamar fields, operated by Chevron. Other companies, including Energean and Ratio Energies, also placed bids in the licensing rounds.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:16 pm

AAL

ABOS

AMAT

BABA

BLK

MLTX

MSFT

RKLB

SPCE

UAL

Several companies have made significant announcements. Advanced Micro-Fabrication Equipment Inc and Naura Technology Group Co expect a doubling in profits due to the U.S. tech embargo. BlackRock Inc plans to expand its Voting Choice program to its largest ETF. Alibaba Group Holding Limited's stock is trading lower as China's Q2 GDP missed estimates. Ford Motor Co announced price cuts for its F-150 Lightning truck. Virgin Galactic Holdings Inc announced the crew of its seventh spaceflight. Rocket Lab USA Inc is preparing to launch a mix of satellites for NASA and commercial satellite constellation operators. Acumen Pharmaceuticals Inc's experimental Alzheimer's drug passed early safety tests. Sony Group Corp and Microsoft Corporation have reportedly reached a 10-year agreement to keep 'Call of Duty' games on PlayStation consoles. Proximus SA is acquiring a 58% stake in Route Mobile. Entain PLC plans to acquire Angstrom Sports. Hennes & Mauritz AB is launching its stores in Brazil. American Airlines Group Inc and JetBlue Airways Corp have initiated the process of dissolving the Northeast Alliance. United Airlines Holdings Inc and its pilots have reached a labor agreement with a substantial pay raise. MoonLake Immunotherapeutics is reportedly looking for a potential sale. Toshiba Corp plans to establish a supply chain for offshore wind power equipment in Japan with General Electric Company.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 2:13 pm