Streetbeat News

Partnerships

AGCO

TRMB

AGCO Corp reported Q3 FY23 net sales growth of 10.7% Y/Y to $3.456 billion, slightly missing the consensus of $3.463 billion. The company's results were boosted by strong demand for its technology-rich products, favorable farm economics, and supply chain improvement. AGCO also entered into a joint venture with Trimble Inc, acquiring an 85% interest in Trimble's portfolio of Ag assets and technologies for $2.0 billion. The company reiterated its net sales outlook at about $14.7 billion and raised the adjusted EPS guidance to around $15.75.

Portfolio Pulse from Lekha Gupta

October 31, 2023 | 4:07 pm

ARWR

GSK

JNJ

Johnson & Johnson's Janssen Pharmaceuticals has transferred exclusive worldwide rights to develop and commercialize JNJ-3989, a hepatitis B virus-targeted therapeutic, to GSK plc. The drug was initially in-licensed by Janssen from Arrowhead Pharmaceuticals in 2018. GSK will assume all rights and obligations of the existing license agreement, including financial obligations owed to Arrowhead. GSK will also be responsible for upfront and potential milestone-based payments to Janssen and Arrowhead, totaling approximately $1 billion.

Portfolio Pulse from Vandana Singh

October 31, 2023 | 3:05 pm

HUBC

HUB Cyber Security Ltd. (NASDAQ:HUBC) has announced a strategic alliance LOI with an unnamed cybersecurity company. The alliance will involve marketing the combined solutions of both companies in the U.S., the EU, and Israel. HUB will have the option to acquire all shares of the partner company within 6 months, subject to due diligence. The potential transaction value represents 20% of HUB Security's shares. The alliance is expected to enhance HUB's cybersecurity solutions and services, and boost its revenue.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:25 pm

CRM

TikTok has announced a new integration with Salesforce Marketing Cloud, allowing advertisers to transfer leads in real time. The no-code solution will enable immediate actionability and a higher likelihood of conversion for Salesforce Marketing Cloud customers. The integration will be available on AppExchange, Salesforce's enterprise cloud marketplace. The new tool will allow for real-time lead transfer, fast follow-up, and personalized engagement.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:09 pm

AMCX

PARA

AMC Networks International UK, a joint venture between AMC Networks and Paramount Global, plans to rebrand its portfolio of UK channels and streaming services. The rebranding, which will be rolled out on November 22, aims to provide a clearer look and offering across the joint venture's channels and services in the UK. CBS Reality will be renamed to TRUE CRIME, and streaming brand True Crime from CBS Reality will change to TRUE CRIME UK. Entertainment channel LEGEND will also undergo a brand transformation.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:08 pm

GTBIF

HITI

SHWZ

TCNNF

VRNOF

Wu-Tang Clan's Raekwon, Charlamagne tha God, and a South Carolina civil rights lawyer have been granted a license to expand the Hashstoria dispensary in Newark, which will feature a cannabis consumption lounge. In Florida, Trulieve Cannabis Corp., Verano Holdings Corp., and Green Thumb Industries Inc. have expanded their retail footprint. Trulieve recently donated an additional $500,000 to Florida's ballot initiative to legalize recreational marijuana. Medicine Man Technologies, operating as Schwazze, announced a cannabis store-within-a-store model in Fort Collins. High Tide Inc. launched sales of recreational cannabis products and consumption accessories at its 157th Canna Cabana branded retail cannabis location in Canada.

Portfolio Pulse from Jelena Martinovic

October 31, 2023 | 2:08 pm

AMZN

EPAM

EPAM Systems, Inc. (NYSE:EPAM) has announced a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to help enterprises solve complex business challenges and scale innovation through cloud solutions, services, and strategies. The collaboration will focus on accelerating modernization, adopting cloud-native architecture, and leveraging artificial intelligence (AI) and advanced analytics. EPAM will establish a dedicated AWS Center of Excellence built on its more than 15,000 AWS experts who hold 5,000 AWS certifications.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:03 pm

AMZN

DoubleVerify (DV), a digital media measurement, data, and analytics software platform, has expanded its measurement coverage for advertisers using Twitch inventory and Amazon custom audiences in Amazon DSP through a server-to-server integration. DV is the first third-party measurement provider to offer Amazon DSP advertisers comprehensive media quality and performance solutions to measure and optimize ads served to Amazon custom audiences. Advertisers can also launch DV's measurement solutions across inventory available on Twitch.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:16 pm

FUBO

LGF.A

WHR

FuboTV Inc. (FUBO) has announced a partnership with TiiCKER, a shareholder loyalty and engagement platform. The partnership will provide Fubo shareholders with a tiered perks program, including a 20% discount on a one-month subscription to Fubo Pro for new subscribers and exclusive early access to product features. TiiCKER also partners with Lionsgate (LGF.A, LGF.B), Whirlpool (WHR), Real Good Foods (RGF), and Mondee (MOND).

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:15 pm

MSI

Japan's Narita International Airport has enhanced its emergency communication system by adopting Motorola Solutions' broadband push-to-talk service. This move is expected to boost productivity and collaboration with emergency services.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:11 pm