Streetbeat News

Partnerships

JPM

MA

JP Morgan Chase and Mastercard have launched a Pay-by-Bank solution, enabling billers to allow their customers to pay bills directly from their bank account.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 10:47 am

AMWL

LDOS

American Well Corporation (AMWL) and Leidos Holdings, Inc (LDOS) have won a contract to provide a hybrid care technology platform for the U.S. Military Health System (MHS). The deal, worth up to $180 million, will see the Leidos Partnership for Defense Health (LPDH) provide the Amwell Converge platform. The platform will replace the existing MHS Video Connect solution and is part of the DHA's Digital First initiative.

Portfolio Pulse from Nabaparna Bhattacharya

October 20, 2023 | 10:35 am

VFS

VinFast has entered into a Standby Equity Subscription Agreement with YA II PN, Ltd. Under this agreement, VinFast has the right to issue ordinary shares worth up to $1B to Yorkville.

Portfolio Pulse from Charles Gross

October 20, 2023 | 10:28 am

NVDA

NVIDIA Corporation and Segway Robotics have launched Nova Carter AMR, a complete robotics development platform. The platform is expected to accelerate the development and deployment of autonomous mobile robots.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 10:22 am

DSNKY

MRK

Merck and Daiichi Sankyo have announced a collaboration to develop and commercialize three DXd ADCs globally, excluding Japan. Merck will pay Daiichi Sankyo upfront payments totaling $4.5 billion and up to an additional $5.5 billion for each DXd ADC contingent upon the achievement of certain sales milestones. The total potential consideration across the three programs is up to $22 billion.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 7:15 am

OPRT

Oportun (NASDAQ:OPRT) and Ellington Management Group have announced their intent to enter into a new whole loan flow sale transaction. Under the terms of the deal, Oportun is expected to sell Ellington up to $70 million of personal loan production over the next 12 months.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 7:14 am

AMWL

LDOS

The U.S. Defense Health Agency (DHA) has chosen Amwell and Leidos to power its Digital First initiative for the U.S. Military Health System. The task order has a 22-month period of performance with a total value of up to $180 million. The Amwell Converge™ platform will be used to deliver connected and seamless in-person, virtual, and automated care delivery.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:27 pm

AMZN

GOOGL

UMGNF

Universal Music Group NV, Concord, and ABKCO have filed a copyright infringement lawsuit against AI startup Anthropic, accusing it of using their songs without permission to generate near-identical copies of lyrics via their AI model, Claude. The music companies claim that Anthropic, backed by Amazon.com Inc and Alphabet Inc's Google, has never attempted to obtain licenses for their copyrighted content. The publishers are seeking $150,000 in statutory damages per work allegedly infringed, with a total of 500 works listed. If found liable, Anthropic could potentially face a minimum of $75 million in damages.

Portfolio Pulse from Franca Quarneti

October 19, 2023 | 8:13 pm

DNA

Ginkgo Bioworks (NYSE:DNA) and the Government of Serbia have announced a Memorandum of Understanding (MoU) to collaborate in support of Serbia's bioeconomy vision. The partnership will establish a Startup Accelerator that leverages Ginkgo's platform and expertise to support Serbian companies in the bioeconomy sector. The collaboration will also explore partnerships to develop and implement new biomonitoring capabilities in Serbia. Companies at Serbia's BIO4 campus will have opportunities to engage Ginkgo staff and access Ginkgo expertise on site.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:02 pm