Streetbeat News

Partnerships

KZR

Kezar Life Sciences is exploring strategic partnering alternatives for its protein secretion platform and preclinical programs. The company is looking for potential partners to help advance its research and development efforts.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 8:12 pm

PATH

UiPath, Inc. (NYSE:PATH) shares are trading lower due to rising Treasury yields negatively impacting growth stocks. The company also announced a partnership with Apprio to provide managed automation services to midmarket healthcare organizations.

Portfolio Pulse from Ryan Gustafson

October 03, 2023 | 8:10 pm

BA

UAL

United Airlines has placed an order for 110 new aircraft, with deliveries starting in 2028. The order includes 50 Boeing 787-9 and 60 A321neo aircraft. United has also secured options for up to 50 more Boeing 787s and purchase rights for up to 40 A321neos at the end of the decade.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:01 pm

NFLX

VZ

Verizon has announced a new promotional offer, bundling Netflix Premium and NFL+ Premium together for $25 per month on +play. This offer could result in annual savings of up to $120. The deal is part of Verizon's ongoing partnership with the NFL, which includes exclusive deals, team sponsorships, and stadium network upgrades. The offer is available to all Verizon mobile, 5G Home, and LTE Home Internet customers, including current Netflix customers.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 7:48 pm

BTCUSD

Countries worldwide are investing in blockchain technology and cryptocurrency, with Singapore, Switzerland, South Korea, Malta, the U.S., and UAE leading the way. Singapore recently received a Major Payment Institution license, enabling it to offer Digital Payment Token services. South Korea disclosed $98.5 billion in foreign cryptocurrency assets. The U.S. leads in blockchain innovations and venture capital investments. The UAE is exploring blockchain technology across various industries. The global blockchain tech market is expected to reach $1.432 billion by 2030, and the global Fintech Blockchain Market is projected to expand to $21.67 billion by 2028.

Portfolio Pulse from Khyathi Dalal

October 03, 2023 | 7:14 pm

OCEA

Ocean Biomedical has announced a non-dilutive amendment to its existing agreement with a key financing partner. The details of the amendment were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:32 pm

STZ

Wedbush analyst Gerald Pascarelli has reiterated an Outperform rating on Constellation Brands Inc (STZ) and raised the price target from $275 to $300. The analyst added STZ to the Wedbush Best Ideas List (BIL). STZ is expected to report 2Q FY24 earnings on October 5. The analyst predicts a beer revenue growth of 9.7% for the quarter and expects margins to improve in the back half of the year. The recent partnership with Elliott Management is also expected to strengthen the company's corporate governance structure.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 6:26 pm

XBRAF

Cannabis company Xebra Brands Ltd. plans to complete a non-brokered private placement of up to CA$1 million ($733,898) according to a binding commitment from a strategic investor. The company will issue up to 12 million units at CA$0.05 per unit and a concurrent placement of up to a principal amount of CA$400,000 of unsecured convertible debenture units. The strategic investor will have the right to appoint one director to the company's board and a board observer. The closing of the unit offering will be on or about October 6, 2023.

Portfolio Pulse from Jelena Martinovic

October 03, 2023 | 6:22 pm

GDOT

Green Dot Corporation (NYSE:GDOT) and Stockpile, Inc. have announced a partnership to introduce products, tools, and features aimed at making investing and personal finance more accessible to consumers of all ages. The partnership will leverage Green Dot's banking-as-a-service (BaaS) platform to embed parental spending controls and debit card functionality for minors in Stockpile's retail investing product suite. The initial new feature will be a debit card with parental spending controls.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 5:15 pm

USDCUSD

Circle, the issuer of USDC, plans to implement its cross-chain transfer protocol (CCTP) with a Cosmos-based token protocol, Noble. This will be the first integration with a non-Ethereum Virtual Machine chain. The move is expected to make USDC transfers seamless and boost its market cap. USDC has a circulating supply of almost $25 billion, with $20 billion being Ethereum.

Portfolio Pulse from Khyathi Dalal

October 03, 2023 | 5:08 pm