Streetbeat News

Partnerships

IEZ

OIH

SLB

Schlumberger's OneSubsea has secured a contract with BP for a subsea boosting system in the Kaskida project, marking a significant collaboration milestone. Despite this, Schlumberger's shares fell 2.38% following a revenue miss in Q3. Investors can access Schlumberger through ETFs like VanEck Oil Services ETF and iShares U.S. Oil Equipment & Services ETF.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 5:33 pm

GOOGL

INTC

Intel's CEO, Pat Gelsinger, faces criticism for missteps, including overestimating AI chip revenue and delaying 18A manufacturing. Despite canceling a custom chip deal with Waymo, Intel remains confident in achieving process leadership by 2025.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:29 pm

GMAB

Revitope Oncology has signed a license agreement with Genmab A/S, granting Genmab access to Revitope's TwoGATE technology. Revitope will receive an upfront payment of $9 million, with potential milestone and fee payments up to $600 million, plus royalties on sales of commercialized therapies.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:21 pm

ROKU

Roku Inc (NASDAQ:ROKU) is set to release its Q3 earnings, with high expectations following a strong Q2 performance. Analysts project a 9% year-over-year growth in platform revenue, driven by partnerships and ad monetization strategies. The company is expected to report $1.01 billion in revenue and $440 million in gross profit. Bank of America maintains a 'Buy' rating with a $90 price target, citing potential growth from political advertising and new ad verticals.

Portfolio Pulse from Henry Khederian

October 29, 2024 | 4:53 pm

HOTH

Hoth Therapeutics announced preclinical results for its cancer treatment HT-KIT, demonstrating consistent tumor growth inhibition. The research was conducted under an agreement with NC State University.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:45 pm

GOOGL

MSFT

GitHub, a unit of Microsoft, has made AI deals with Google and Anthropic to offer new AI models for its Copilot coding assistant, providing users an alternative to OpenAI's models.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:43 pm

AMD

AVGO

NVDA

TSM

OpenAI is collaborating with Broadcom and TSMC to develop an AI inference chip, while also incorporating AMD chips alongside Nvidia to meet growing infrastructure needs.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:42 pm

GOOGL

GitHub has expanded its Copilot Chat feature by integrating multiple language models, including Anthropic's Claude 3.5 Sonnet, Google's Gemini 1.5 Pro, and new OpenAI models. This move aims to provide developers with more flexibility and choice, as emphasized by CEO Thomas Dohmke.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:15 pm

ACN

BLCN

JGRW

Accenture has secured a $1.6 billion contract with the U.S. Air Force to enhance its Cloud One environment. This deal is expected to optimize the Air Force's cloud operations and includes multi-cloud billing and account management services. Accenture's stock has risen over 24% in the past year, and investors can access it through ETFs like JGRW and BLCN.

Portfolio Pulse from Nabaparna Bhattacharya

October 29, 2024 | 4:05 pm

ARMK

Aramark Sports & Entertainment has partnered with KZ Provisioning, led by chefs Andrew Zimmern and Gavin Kaysen, to enhance athlete meal programs with custom, nutrient-rich offerings for professional and collegiate sports.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:01 pm