Streetbeat News

Partnerships

AMZN

META

Meta has announced an expanded relationship with Amazon Web Services (AWS), making AWS its first managed API partner for Llama 2. This partnership is expected to enhance Meta's capabilities and services.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:54 pm

PHRRF

The FDA has accepted PharmaTher Holdings' (OTCQB:PHRRF) new drug application for a racemic ketamine product, KETARX. The goal date for the drug is April 29, 2024. PharmaTher anticipates KETARX’s U.S. commercial launch and the pursuit of international approvals thereafter. The company plans to commercialize KETARX in several dosage forms in the U.S. through its partnership with Vitruvias Therapeutics.

Portfolio Pulse from Lara Goldstein

September 27, 2023 | 6:38 pm

SKY

Skyline Champion Corporation (NYSE:SKY) has invested about $138 million into Canadian company ECN Capital, acquiring 33.55 million ECN common shares and 27.45 million convertible preferred Series E shares. This investment gives Skyline access to ECN's subsidiary Triad Financial Services (TFS), a competitor in consumer manufactured home finance and floorplan lending. ECN Capital and SKY are forming a new entity, Champion Financing LLC, which will offer a consumer retail finance program and a branded floor plan offering. Wedbush analyst Jay McCanless reiterated an Outperform rating on SKY shares with a price target of $78.

Portfolio Pulse from Shivani Kumaresan

September 27, 2023 | 6:34 pm

ALB

CAT

Albemarle Corporation (ALB) and Caterpillar Inc. (CAT) have signed agreements to collaborate on sustainable mining operations and the full circular battery value chain. The collaboration includes the deployment of Caterpillar's battery-electric trucks and site energy transfer solutions, a lithium offtake framework agreement, and research into battery technology. The aim is to establish the first-ever zero-emissions lithium mine site in North America. Albemarle recently received a $90 million award from the Department of Defense to support the expansion of domestic mining and lithium production for the nation's battery supply chain.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:01 pm

LFLY

MAPS

At the Benzinga Cannabis Capital Conference, leaders from Cheech and Chong's Global Holding Company, WM Technology Inc (NASDAQ:MAPS), and Leafly Holdings Inc (NASDAQ:LFLY) discussed their digital strategies. Cheech and Chong's president highlighted the importance of organic social media presence and paid advertising. WM Technology's VP of revenue emphasized storytelling and the use of relaxed advertising policies on platforms like Twitter. Leafly's chief commercial officer stressed understanding the audience and adjusting advertising campaigns accordingly.

Portfolio Pulse from Adam Eckert

September 27, 2023 | 5:57 pm

META

MSFT

Meta CEO Mark Zuckerberg announced that there are 28 more AIs that users can message on WhatsApp, Messenger, and Instagram, in addition to Meta AI. Meta AI has access to real-time information through partnerships with search engine Bing.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 5:55 pm

META

Meta is planning to allow developers to build third-party AIs for its messaging services using APIs. The rollout will start with Messenger and later expand to WhatsApp. The company is also starting to roll out AI stickers across its apps.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 5:53 pm

META

MSFT

Meta CEO Mark Zuckerberg has announced the upcoming release of the Quest 3 mixed reality device. Additionally, Xbox Cloud Gaming will be available on Quest in December, and Microsoft 365 will be integrated into Quest by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 5:48 pm

WDAY

Workday, Inc. (NASDAQ:WDAY) has announced significant enhancements to Workday Extend, including Workday AI Gateway and advanced developer technologies provided by Amazon Web Services (AWS). The new capabilities aim to improve the developer experience and drive business and IT efficiency and innovation. Workday Extend helps organizations build customized capabilities, applications, and solutions for finance and people processes. The company plans to support several AWS AI services natively in Workday Extend to enable developers to create Workday Extend apps with advanced features.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 5:17 pm

IONS

RHHBY

Ionis Pharmaceuticals Inc has entered an agreement with Roche Holdings AG for two early-stage programs for RNA-targeting investigational medicines for Alzheimer's and Huntington's diseases. Roche gains exclusive worldwide rights and will be responsible for clinical development, manufacturing, and commercialization. Ionis will receive a $60 million upfront payment from Roche and is eligible to receive development, regulatory, and commercial milestone payments and tiered royalties. Analysts see Ionis as the premier enterprise developing Antisense Oligonucleotides therapies but foresee near-term commercial headwinds.

Portfolio Pulse from Vandana Singh

September 27, 2023 | 5:13 pm