Streetbeat News

Partnerships

TIGO

Millicom and EPM have agreed to jointly capitalize UNE EPM Telecomunicaciones S.A. Each partner will contribute approximately $71 million for a total capital contribution of approximately $142 million to Tigo-UNE. Both partners retain their current shareholding in Tigo-UNE.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:03 pm

NVTA

Invitae (NYSE:NVTA), a medical genetics company, announced the results of a study on universal hereditary cancer genetic testing in breast cancer patients. The study, conducted with The Outer Banks Hospital in North Carolina, found that universal genetic testing improves patient outcomes and may reduce treatment costs. The study also found that 91.4% of patients underwent testing and received results that could aid in their healthcare journey.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:43 pm

CLLS

Cellectis and Imagine Institute have published a proof-of-concept study of a gene surgery candidate to treat Activated Phosphoinositide 3-Kinase Δ Syndrome Type 1 (APDS1). The preclinical results demonstrated that the PIK3CD gene can be efficiently corrected by TALEN®-mediated gene insertion, rescuing PI3K signaling and normalizing the transcriptomic status of APDS1 patient CD8+ T-cells.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:38 pm

BTTR

Better Choice Company has announced a partnership with Aimia Pet Health to develop a GLP1 supplement for overweight pets. This news has led to an increase in the trading of Better Choice shares.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:22 pm

MNTS

Shares of Momentus Inc (NASDAQ:MNTS) are trading higher on high volume as retail traders target the stock. The company announced a contract with RIDE! Space for transportation and orbital delivery services, set to commence in Q1 next year. The African space economy is projected to grow to over $22 billion by 2026, and Momentus anticipates rideshare services to be a key enabler for this growth. Momentus' trading volume has exceeded 28.5 million, significantly higher than its 100-day average session volume of 1.4 million.

Portfolio Pulse from Adam Eckert

October 12, 2023 | 7:02 pm

BTTR

Better Choice Company (NYSE:BTTR) has announced a research and development partnership with Aimia Pet Health to develop a GLP1 supplement for overweight pets under its Halo brand. The goal is to mirror the weight loss benefits of leading brands for domestic animals and in humans including Slentrol, Wegovy, Ozempic, and Monjaro with added protein and nutrients from Halo products to promote lean muscle and overall pet health.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:53 pm

GOOG

GOOGL

META

Google, a subsidiary of Alphabet Inc, has agreed to pay German publishers €3.2 million ($3.38 million) annually for the publication of news content. The agreement is pending a decision from the German patent office. The deal was reached with Corint Media, an organization representing German and international publishers. Google's shares traded lower by 1.11% at $140.13 on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 6:35 pm

MA

Mastercard (NYSE:MA) has developed a solution to tokenize central bank digital currencies (CBDCs) on different blockchains. The solution is part of a project adopted by the Reserve Bank of Australia (RBA) and involves locking the required amount of the pilot CBDC on the RBA's platform, then minting an equal amount of tokenized pilot CBDC on Ethereum. The solution was developed in collaboration with Cuscal and Mintable for a research project initiated by the RBA and the Digital Finance Cooperative Research Centre.

Portfolio Pulse from Khyathi Dalal

October 12, 2023 | 6:13 pm

AMD

INTC

NVDA

Nvidia Corp's stock is trading higher despite the potential emergence of Advanced Micro Devices, Inc and Intel Corp as significant beneficiaries of the AI market. Analyst Ming-Chi Kuo predicts that AMD's AI chip shipments for 2024 will be about 10% of Nvidia's, potentially rising to 30% or more in 2025 if partnerships with Microsoft Corp, Meta Platforms Inc, and Alphabet Inc hold. BofA analyst Alkesh Shah expects Nvidia's AI strategy to drive new revenue streams and maintain a 65%+ market share in the long term.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 5:31 pm

SPOT

Spotify is partnering with Alex Cooper's The Unwell Network to host and distribute popular podcasts 'Hot Mess with Alix Earle' and 'Pretty Lonesome with Madeline Argy' on its enterprise platform, Megaphone. Spotify will also serve as the sales partner for the Unwell Network, a subsidiary of Trending, the media company co-founded by Cooper. The partnership may also include future series developed by the Unwell Network. This comes after Spotify's recent push into audiobooks and its selective partnerships in the podcasting space.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:07 pm