Streetbeat News

Partnerships

CDNS

Cadence Design Systems, Inc. (NASDAQ:CDNS) has joined Arm Total Design to accelerate the development of Arm-based custom SoCs based on Neoverse CSS. This collaboration will allow mutual customers to access Cadence's full-flow system-level design verification and implementation solutions. The partnership aims to reduce development costs, minimize risk, and shorten the time-to-market for designs.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 3:08 pm

STLA

Unifor's Stellantis bargaining committees are set to meet on Tuesday to prepare for upcoming negotiations with the third and final D3 automaker, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:13 pm

PUYI

Puyi Inc.'s subsidiary, PUYI Fund, and Ping An Bank have entered into a strategic cooperation agreement. The collaboration will involve various financial services such as wealth management, account system services, fund investment and research services, personal pension investment accounts, personal finance planning and bank financing services. Both parties will also establish a 'Banking and Enterprise Strategic Cooperation Group' to enhance communication and explore new modes of collaboration.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:09 pm

AAPL

HNHPF

NVDA

Nvidia Corp (NVDA) is facing a potential impact due to the US government's plans to halt shipments to China of advanced AI chips, including Nvidia's A800 and H800 chips. The embargo extends to several countries and blacklists Chinese chip designers. Meanwhile, Nvidia's partnership with Foxconn (HNHPF) and Apple Inc (AAPL) continues, with plans for AI and electric vehicles. Nvidia's shares traded lower by 6.08% at $432.96.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 2:05 pm

ASMB

GILD

Gilead Sciences Inc and Assembly Biosciences Inc have entered into a 12-year partnership to advance the research and development of novel antiviral therapies. Assembly Bio will receive $100 million from Gilead, which has also agreed to purchase up to 29.9% of Assembly Bio's outstanding voting stock at a premium. Gilead may opt-in to obtain exclusive rights for each of Assembly Bio's current and future programs. This transaction is expected to reduce Gilead's GAAP and non-GAAP 2023 EPS by seven cents.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 1:51 pm

NOC

Northrop Grumman Corporation (NYSE:NOC) has been selected by the U.S. Air Force for multiple awards to support the first Battlefield Airborne Communications Node (BACN) home station in the continental United States. The awards include home station activation, training for Air Force personnel, global sustainment and operations, and modernization with Ka-Band SATCOM upgrades overseas.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:49 pm

ASMB

GILD

Assembly Biosciences and Gilead have entered into a 12-year partnership to advance the research and development of novel antiviral therapies. This has led to a rise in Assembly Biosciences' share prices.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:40 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) has announced the successful delivery of over 3,000 tons of products to Narada Power from January to September 2023. The company has become a strategic supplier for Narada Power since April 2022 and expects to reach an annual supply of 5,000 tons in 2023 and 8,000 tons in 2024. This partnership has resulted in predictable and sustained revenue growth for Sunrise.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:27 pm

AIHS

Senmiao Technology Limited (AIHS) has signed a strategic cooperation agreement with Sichuan Xingyuan Ronghe New Energy Co., Ltd. The agreement will see Xingyuan provide comprehensive financing solutions for Senmiao and its partners, as well as resources such as discounted NEV purchasing channels and new energy battery swapping vehicle operations. This is expected to accelerate the growth of Senmiao's automobile rental business and online ride-hailing platform services.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:21 pm

AIHS

Senmiao Technology Limited (AIHS) has signed a strategic cooperation agreement with Sichuan Xingyuan Ronghe New Energy Co., Ltd. The agreement will see Xingyuan provide comprehensive financing solutions for Senmiao and its partners, as well as resources such as discounted NEV purchasing channels and new energy battery swapping vehicle operations. This is expected to accelerate the growth of Senmiao's automobile rental business and online ride-hailing platform services.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:19 pm