Streetbeat News

Partnerships

RNLSY

VLVCY

Renault Group and Volvo Group are partnering to create a new company focused on the development of a new generation of electrified vans. The companies anticipate CMA CGM Group joining the new venture. They will continue to seek additional investment and business partners.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 7:24 am

ERJ

NJDCY

Nidec Corporation (NJDCY) and Embraer S.A. (ERJ) have received approval for their joint venture to develop an electric propulsion system for the aerospace sector. This partnership could potentially revolutionize the aerospace industry by introducing more sustainable and efficient propulsion systems.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:36 am

DGX

Neway has entered into a strategic lab services arrangement with Quest Diagnostics (DGX) to expedite quality end-stage renal disease testing. This partnership is expected to enhance the efficiency and accuracy of testing, benefiting patients with kidney diseases.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 5:43 am

DOGEUSD

SHIBUSD

Bad Idea AI (CRYPTO: BAD) has surged 40% in the past 24 hours, outperforming meme cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE). This follows news that SHIB's lead developer, Shytoshi Kusama, is collaborating with Bad Idea AI on a new AI initiative. Meanwhile, a SHIB whale has withdrawn trillions of SHIB tokens from a Netherlands-based cryptocurrency exchange.

Portfolio Pulse from Mehab Qureshi

October 06, 2023 | 4:59 am

AMPE

Ampio Pharmaceuticals has chosen Ascendia Pharmaceuticals to provide CDMO services to support the clinical development of OA-201. This partnership is expected to accelerate the development and potential commercialization of OA-201.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:46 pm

REGN

Regeneron Pharmaceuticals expects an acquired IPR&D charge to negatively impact its Q3 GAAP and non-GAAP EPS by approximately $0.78. This charge is related to a development milestone payment due upon the achievement of specified clinical proof-of-principle criteria for the Phase 1 ALN-APP program in early-onset Alzheimer’s disease, in collaboration with Alnylam Pharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:36 pm

AMC

Taylor Swift's concert film, 'The Eras Tour', has generated over $100M in global advance ticket sales more than a week before its debut. The film will be shown in over 8,500 theaters in 100 countries, including nearly 4,000 theaters in North America. AMC Theatres Distribution and its partners have reached agreements with theater operators to show the film.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:08 pm

ATVI

'Diablo 4' is set to launch on Valve's Steam platform on October 17, four months after its exclusive release on Activision Blizzard's Battle.net platform. This is the second Blizzard game to be released on Steam, following 'Overwatch 2'. The move is aimed at breaking down barriers between gaming communities. The Steam launch coincides with the start of Diablo 4's Season 2, as the game seeks to regain momentum after a decline in interest due to update issues and a lack of endgame content.

Portfolio Pulse from Franca Quarneti

October 05, 2023 | 7:33 pm

EWW

TSLA

Nuevo Leon state in Mexico is preparing the necessary infrastructure for a Tesla factory, according to the Nuevo Leon Economy Minister. This news was reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 7:31 pm

ADBE

AFRM

AMZN

Adobe Inc has released its annual holiday shopping forecast, predicting record-breaking deals this season. The company expects U.S. consumers to spend over $220 billion in online holiday shopping, a 5% YoY growth. Adobe also anticipates increased use of 'buy-now-pay-later' services like those offered by Affirm Holdings through its partnership with Amazon and other retailers. Despite falling prices for online goods, Adobe expects consumers to spend more on online holiday purchases this year.

Portfolio Pulse from Aaron Bry

October 05, 2023 | 7:04 pm