Streetbeat News

Partnerships

KYMR

Kymera Therapeutics has announced the first patient dosed in its Phase 2 Hidradenitis Suppurativa clinical trial of KT-474 (SAR444656). This event triggers a $40 million payment from Sanofi under the terms of their collaboration.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:04 am

HIMX

Himax Technologies, Inc. (NASDAQ:HIMX) has entered a Memorandum of Understanding (MOU) for Strategic Cooperation with Nexchip Semiconductor Corporation, a China-based semiconductor foundry, to supply ICs for the automotive display market. This move is in response to the growing demand for automotive displays across the industry.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:11 am

BP

TSLA

BP (NYSE:BP) is investing $100 million to purchase Tesla (NASDAQ:TSLA) Supercharger hardware for third-party charging network use. This is part of BP's EV charging business, BP Pulse, which plans to invest up to $1 billion by 2030 to build a nationwide charging network. The Supercharger hardware is compatible with the North American Charging Standard (NACS) plug from Tesla or a CCS Combo attachment supporting most other EVs. BP Pulse aims to install these new chargers at BP family brands and third-party locations like Hertz rental car sites starting next year.

Portfolio Pulse from Benzinga Neuro

October 27, 2023 | 8:05 am

F

TSLA

Ford Motor Co. has reached a tentative agreement with the United Automobile Workers (U.A.W.) that could impact the company's future, particularly its electric vehicle (EV) plans. The deal includes a 25% wage increase over four-and-a-half years, enhanced retirement benefits, and other provisions. However, Ford's CFO, John Lawler, expressed concerns that the additional expenses could impact profitability and potentially hinder investments in new technology. The agreement could also compel non-unionized car manufacturers such as Tesla, Toyota, Hyundai, Nissan, and Honda to increase pay.

Portfolio Pulse from Benzinga Neuro

October 27, 2023 | 6:18 am

MNOV

SNY

MediciNova's collaborator Genzyme has initiated clinical development of a gene therapy product for the treatment of Phenylketonuria. This could potentially lead to a new treatment option for the disease.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 5:50 am

GOOG

GOOGL

UBER

Uber Technologies Inc. (NYSE:UBER) has partnered with Alphabet Inc.'s Waymo (NASDAQ:GOOGL) (NASDAQ:GOOG) to offer driverless rides in Phoenix. Customers within Waymo's service area can choose between a conventional Uber car and a driverless Waymo vehicle. This partnership marks a significant shift in Uber's approach to autonomous riding, following the sale of its self-driving technology arm in 2020.

Portfolio Pulse from Benzinga Neuro

October 27, 2023 | 2:49 am

DB

SCBFF

Deutsche Bank and Standard Chartered's SC Ventures are testing a system that enables blockchain-based transactions, stablecoins, and CBDCs to interact with each other, similar to the SWIFT messaging layer in traditional banking. The system was developed by GFT Group and Red Date Technology. It includes transferring and swapping USDC stablecoins on the Universal Digital Payments Network (UDPN), a permissioned blockchain system run by a consortium of banks.

Portfolio Pulse from Khyathi Dalal

October 26, 2023 | 9:36 pm

MSFT

ROK

Rockwell Automation (NYSE:ROK) and Microsoft Corp. (NASDAQ:MSFT) have announced an extension of their partnership to accelerate industrial automation design and development through generative artificial intelligence (AI). The collaboration will integrate Microsoft's Azure OpenAI Service into Rockwell's FactoryTalk Design Studio, aiming to enhance productivity and accelerate time-to-market for customers building industrial automation systems. The companies are also exploring ways to advance innovation in the industrial metaverse.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:44 pm

APO

Apollo (NYSE:APO) has signed an agreement to invest up to €1.5 billion into an Air France-KLM operating affiliate. The investment will be used to strengthen the balance sheet of Air France-KLM and enhance the scalability and growth prospects of its Flying Blue loyalty program. This is the third transaction between Apollo and Air France-KLM in the last 18 months.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:42 pm

BBY

EAR

Eargo, a hearing aid manufacturer, has expanded its partnership with Best Buy, increasing its in-store presence to over 500 locations. This move is expected to boost Eargo's visibility and sales.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:02 pm