Streetbeat News

Partnerships

ASMB

GILD

Gilead Sciences and Assembly Biosciences have announced a 12-year partnership to develop antiviral therapies, initially focusing on herpesviruses, Hepatitis B and D. Assembly Bio will receive a $100M upfront payment.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:41 am

GFAI

Guardforce AI (GFAI) has secured a three-year contract with an undisclosed Japanese retailer for its end-to-end cash management solution. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:05 am

PEV

Phoenix Motor Inc. (NASDAQ:PEV) has partnered with Fermata Energy LLC to successfully integrate Vehicle-to-Grid (V2G) capabilities for all medium-duty electric vehicles manufactured by Phoenix Motorcars. This partnership enables Phoenix to offer V2G capabilities to all bus and truck customers.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:05 am

EVLO

Evelo Biosciences has initiated a process to explore strategic alternatives, including seeking partnering opportunities for its EDP1815 and SINTAX platform. The move is aimed at maximizing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:03 am

RHHBY

Monte Rosa Therapeutics has announced a collaboration with Roche to discover novel molecular glue degraders targeting cancer and neurological diseases. Monte Rosa will receive an upfront payment of $50M and potential future payments of over $2B.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:01 am

ALGM

BMWYY

Allegro MicroSystems (ALGM) and BMW Group (BMWYY) have announced a collaboration to develop high-efficiency traction inverters for battery electric vehicles. The partnership aims to improve the efficiency and performance of electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:01 am

RIO

Rio Tinto PLC (NYSE:RIO) reported a 1% decrease in Q3 FY23 Pilbara iron ore production to 83.5 million tonnes (Mt), while shipments increased by 1% to 83.9 Mt. The company expects full-year shipments to be in the upper half of the guidance range of 320 to 335 million tonnes. Bauxite production rose 2% to 13.9 Mt and aluminium production increased 9% to 0.8 million tonnes. The company also announced agreements to take a leading position in recycled aluminium in North America and a joint venture with Codelco for copper exploration in Chile. RIO shares are trading lower by 1.28% at $63.32 premarket.

Portfolio Pulse from Lekha Gupta

October 17, 2023 | 10:51 am

AAPL

DIS

NFLX

Apple Inc. is reportedly in the running to host Taylor Swift’s “Eras Tour” film on its streaming service, Apple TV+, competing with Netflix Inc. and Walt Disney Co’s Disney+ for exclusive rights. The film had a successful opening weekend at AMC Theaters, with ticket sales surpassing $95 million. Apple's history with Swift and its extensive background in video streaming and music through Apple Music could give it an advantage over its competitors.

Portfolio Pulse from Ananya Gairola

October 17, 2023 | 10:39 am

LFCR

SHL Medical has entered into a non-exclusive co-marketing partnership agreement with Lifecore Biomedical.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:34 am

HPE

Hewlett Packard Enterprise (HPE) has built a new AI supercomputer, Austral, for CRIANN, a high-performance computing and AI data center in Normandy, France. The supercomputer will aid in accelerating scientific discovery and innovation in various fields such as climate modeling, biotechnology, healthcare, and materials science. The project is part of France's national AI strategy and is co-funded by the Normandy Region, the French State, and the European Union.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:03 am