Streetbeat News

Partnerships

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

NVDA

ORCL

Oracle has announced the availability of NVIDIA AI Enterprise and DGX Cloud in the Oracle Cloud Marketplace. This move is part of Oracle's ongoing efforts to expand its AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 7:16 pm

CB

S

Chubb, the world's largest publicly traded property & casualty insurance company, is partnering with cybersecurity leader SentinelOne to enhance cyber risk management for U.S. and Canadian businesses. Chubb's cyber insurance policyholders with over $100 million in revenue can share their security data with Chubb through SentinelOne's solutions, potentially leading to incentivized policy pricing and streamlined policy renewals. The collaboration comes as cyber threats increase in sophistication, prompting companies to invest in their defenses.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:01 pm

LLY

Eli Lilly has contracted CordenPharma, a Switzerland-based drugmaker, to produce the active ingredient for its diabetes drug Mounjaro.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:59 pm

BYDDY

F

NIO

TSLA

Chinese EV battery maker CATL is closing in on LG as the world's top EV battery supplier, with its market share increasing significantly. The company powers Tesla and NIO's product lines and expects to triple its profits in Q3. Despite having no international stock market presence, CATL is on track to become the largest global supplier of EV battery parts. The company has seen a 111% jump in battery supplies, mostly to Tesla, Nio, Mercedes-Benz, Volvo, and SAIC Motor Corp. CATL is also in talks with Hyundai and Kia for potential deals.

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 5:46 pm

WLY

Wiley (NYSE:WLY) has announced its intent to enter a new five-year agreement with the DEAL Consortium, a representative of over 1,000 academic institutions in Germany, starting January 2024. The agreement will continue to provide authors at German institutions with open access publishing options across Wiley's portfolio. The final agreement is expected to be signed in mid-November.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:49 pm

QCOM

Qualcomm's Nakul Duggal has stated that the company is working with a number of companies in China and many Japanese OEMs. He also mentioned that Qualcomm will invest and jointly develop projects, building something together.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:34 pm

META

MSFT

QCOM

Qualcomm's Nakul Duggal emphasized the importance of partnering with technology leaders, citing Microsoft and Meta as prime examples of such companies.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:33 pm