Streetbeat News

Partnerships

IDYA

IDEAYA Biosciences has announced the development candidate nomination of a Werner Helicase Inhibitor in partnership with GSK. This development could potentially lead to new treatments in the medical field.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 10:07 am

FANH

FANHUA has announced two joint ventures with Asia Insurance, each with a 60% ownership stake. This strategic partnership is expected to strengthen FANHUA's position in the insurance market.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 5:57 am

AAPL

Apple Inc. (NASDAQ:AAPL) had a busy week with developments including TV show cancellations, iPhone 15 Pro Max glitches, CEO Tim Cook's talks with Chinese officials, product timeline updates, and the launch of a new, more affordable Apple Pencil. Apple TV+ cancelled 'The Problem With Jon Stewart' due to creative differences. Apple's customer support suggested that a bug in the iOS 17 beta update might be causing the iPhone 15 Pro Max's display burn-in issue. Amid concerns over a potential iPhone ban and the declining market in China, Tim Cook met with China's commerce minister Wang Wentao. Tech analyst Ming-Chi Kuo suggested that the mass production of Apple's AirTag 2 might be delayed to 2025. Apple launched a new, cost-effective Apple Pencil with a USB-C port.

Portfolio Pulse from Benzinga Neuro

October 22, 2023 | 11:14 am

BUSDUSD

V

Binance (CRYPTO: BUSD) has announced that it will discontinue its Visa (NYSE:V) debit card in Europe, further reducing its presence in the region. Existing cardholders will have access until December 20. This comes after Visa and Mastercard ended their card partnerships with Binance due to legal issues. Binance is currently facing regulatory issues and changes in its portfolio and partnerships.

Portfolio Pulse from Khyathi Dalal

October 22, 2023 | 2:44 am

TSLA

The government of Nuevo Leon in Mexico is planning to invest over $130 million in infrastructure to support the construction of Tesla's future Gigafactory. The project, expected to start in the first half of 2024, is part of a $5 billion Tesla initiative. Nuevo Leon Governor Samuel Garcia also revealed nearly $1 billion in projected investments from Chinese Tesla suppliers.

Portfolio Pulse from Nabaparna Bhattacharya

October 21, 2023 | 5:30 pm

F

GM

STLA

United Auto Workers President, Shawn Fain, has announced that the union has received new offers from two of the three major automakers in the past 24 hours. The specific companies were not mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 8:16 pm

PSFE

Binance, the cryptocurrency exchange, has announced new partnerships for Euro services, expanding its European influence. The new partners, including fintech firm TrueLayer and global payment tech company Nuvei, will provide EUR transactions via Open Banking and SEPA/SEPA Instant. This comes after Binance's previous Euro banking partner, Paysafe (NYSE:PSFE), ended its relationship with Binance in September. Binance is currently facing regulatory challenges and has halted operations in Germany, Netherlands, and Cyprus.

Portfolio Pulse from Khyathi Dalal

October 20, 2023 | 8:16 pm

GOOG

GOOGL

MSFT

SAP

BMO Capital Markets analyst Keith Bachman has reiterated the Market Perform rating on SAP SE, raising the price target to $147 from $140. Bachman notes that SAP's strategy of pursuing partnerships with hyperscalers like Microsoft and Alphabet is sound. SAP reported a 4% Y/Y revenue growth to €7.744 billion in Q3. The company's demand in the cloud is driven by multi-year cloud migration and the adoption of the RISE/GROW program and scalable BTP.

Portfolio Pulse from Nabaparna Bhattacharya

October 20, 2023 | 6:38 pm

DY

T

Raymond James analyst Frank G. Louthan upgraded Dycom Industries Inc (NYSE:DY) to Strong Buy from Outperform and maintained the price target of $120.00. The upgrade is due to a favorable outlook from one of its major customers, AT&T Inc (NYSE:T), which expects full-year adjusted EBITDA growth of better than 4% and full-year free cash flow of about $16.5 billion. Dycom is seen as a direct beneficiary of this trend due to its leading position as the engineering and construction services provider to major players like AT&T.

Portfolio Pulse from Lekha Gupta

October 20, 2023 | 6:11 pm

META

Meta Platforms, Inc is integrating generative AI into its applications, including Facebook and Instagram. The company's Chief Product Officer, Chris Cox, revealed the strategic approach to AI during the annual Tech Live conference. The approach includes integrating AI chatbots and enhancing user experiences on platforms like Reels and TikTok. The company has also launched Llama, its large language model, and is making these technologies accessible to users on platforms like WhatsApp, Messenger, and Instagram. Over 100 million businesses using WhatsApp could benefit from AI integration.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 6:06 pm