Streetbeat News

Partnerships

AZN

OCEA

Ocean Biomedical has published findings demonstrating its ability to restore treatment sensitivity to AstraZeneca's Tagrisso after resistance has formed, and improved tumor suppression in EGFR-Mutation Lung Cancers.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 12:04 pm

ASML

MU

TSM

The Japanese government has approved a subsidy of approximately $1.3 billion to enhance Micron Technology Inc's Hiroshima factory for the production of next-generation chips. The funds will be used to incorporate extreme ultraviolet lithography equipment from ASML Holding NV. This comes amidst uncertainties Micron faces in China, one of its pivotal markets. The news also mentions Taiwan Semiconductor Manufacturing Co's plant in southern Japan, which is being fast-tracked with government support.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 11:58 am

DIS

NFLX

Disney+ is tightening its subscription sharing rules, prohibiting sharing outside of one's household unless permitted by the service tier. This is part of Disney's strategy to monetize account sharing. Disney+ is also launching an ad-supported plan in Canada, the U.K., and eight European countries. Furthermore, Disney is increasing the prices of its premium subscription tiers in the U.S. The company is also exploring strategic partnerships for ESPN and plans to double its capital expenditures at its Disney Parks, Experiences, and Products segment.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 11:55 am

GOOGL

MSFT

Microsoft's CEO, Satya Nadella, has criticized Google's exclusive content deals, which he believes hinder equitable access to essential data needed to advance AI technologies. Nadella's comments were made during his testimony in a US antitrust trial. He highlighted the challenges posed by exclusive deals that tech giants like Google are securing with publishers, which he likened to early distribution deals. Microsoft, a significant player in the AI space, has been investing heavily in AI, including a notable investment in OpenAI's ChatGPT language model.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 11:52 am

PATH

UiPath (NYSE:PATH), an enterprise automation software company, has announced an enhanced partnership with Apprio, a provider of technology and service solutions for hospitals and health systems. The partnership aims to bring managed automation services to midmarket healthcare organizations, leveraging Apprio's capabilities in automating critical revenue cycle management functions.

Portfolio Pulse from Charles Gross

October 03, 2023 | 11:49 am

MITSY

Clinical trial intelligence platform company, Lokavant, has received an $8 million strategic investment from Mitsui & Co. Ltd. The funding will be used to expand Lokavant's AI-optimized platform across the Asia-Pacific region, with a new APAC headquarters set to open in Tokyo. CMIC Group, Japan's largest contract research organization and one of Lokavant's earliest customers, is a key player in this expansion.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:39 am

BBIO

BridgeBio Pharma and National Resilience have partnered to manufacture and advance BBP-812, a gene therapy for Canavan disease, and BBP-631, a gene therapy for congenital adrenal hyperplasia. The collaboration aims to accelerate the development of these therapies.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:36 am

OXY

Occidental Petroleum Corp's subsidiary 1PointFive and ADNOC have begun a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the UAE. This follows a memorandum of understanding signed on August 1, 2023, which is expected to mobilize $100 billion in clean energy and carbon management projects by 2035. If approved, the UAE project will connect to ADNOC's CO2 infrastructure in Abu Dhabi for injection and permanent storage into saline reservoirs.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 11:34 am

DPZ

MSFT

Domino's Pizza Inc. (NYSE:DPZ) and Microsoft (MSFT) have formed a partnership to create the next generation of pizza ordering and store operations using AI technology and cloud computing. The companies will use the Microsoft Cloud and Azure OpenAI Service to improve Domino's consumer experiences by enhancing the ordering process.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:11 am

AER

AerCap Holdings has delivered the first of eight new Airbus A321neo aircraft to LATAM Airlines. The remaining aircraft are scheduled to be delivered through 2023 and 2024.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:05 am