Streetbeat News

Partnerships

SLI

Standard Lithium has reported its full year and Q4 results for 2023, with cash totaling CDN$59.6M and working capital of CDN$48.8M as at June 30, 2023. The company has retained BNP Paribas for debt advisory services for its first commercial project, the Phase 1A Project at the LANXESS South Plant near El Dorado, Arkansas. It has also signed a joint development agreement with Koch Technology Solutions for integrated lithium brine processing flowsheets.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:11 pm

B

Barnes Aerospace has announced two extended long-term agreements with Safran. The agreements include extending their relationship with Safran Aircraft Engines on aftermarket services for LEAP casings and extending the CFM56 component repair agreement.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:02 pm

COYA

Coya Therapeutics, Inc. (NASDAQ:COYA) has licensed exclusive worldwide rights to a proprietary Exosome Engineering Technology from Carnegie Mellon University. The technology allows for the engineering of exosomes, which can be used as drug delivery vehicles. The technology overcomes previous limitations of exosome manipulation and does not require genetic modifications. It also allows for the tethering of proteins of interest to the exosome surface and loading cargo within the exosome interior. The technology has potential applications in neurodegenerative, autoimmune, and oncologic diseases.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:01 pm

JAZZ

LGND

Ligand Pharmaceuticals (NASDAQ:LGND) announced that its partner Jazz Pharmaceuticals (NASDAQ:JAZZ) has received approval from the European Commission for Enrylaze, a treatment for acute lymphoblastic leukemia and lymphoblastic lymphoma. The approval expands the market for one of Ligand's key commercial-stage products. Ligand is eligible to receive milestone payments and tiered royalties based on worldwide net sales of any products resulting from its collaboration with Jazz, including Rylaze.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:01 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) saw increased activity from options traders, with calls outpacing puts by over two to one. A risk reversal trade involved traders buying the November 47.5 calls by selling the 37.5 puts. Uber and Oracle announced a new offering called Collect and Receive, which connects retailers and consumers to enhance last mile delivery. Uber shares fell 4.2% to close at $44.60 on Thursday, but added 1.23% in Friday's premarket trading session.

Portfolio Pulse from Priya Nigam

September 22, 2023 | 12:42 pm

ALV

Autoliv China, a subsidiary of Autoliv, Inc. (NYSE:ALV), has entered into a strategic collaboration with Great Wall Motor (GWM), a leading vehicle manufacturer in China. The partnership aims to foster innovation in the global automobile industry by jointly developing state-of-the-art technologies and new products with sustainable materials. One of the expected outcomes is the creation of innovative systems like an overhead passenger airbag and a 'zero-gravity seat' for self-driven vehicles.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 12:35 pm

OP

OceanPal has announced a time charter contract for m/v Salt Lake City with Five Ocean Corporation. The gross charter rate is $14.5K per day with a 5% commission for third parties for a period of 120 to 180 days. The contract is expected to generate approximately $1.52 million in gross revenue for the minimum scheduled period.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:27 pm

CCG

LI

Cheche Group is driving growth through collaboration with top NEV players, including Li Auto. The company's leadership in the digitization of auto insurance has been recognized in a recent iResearch report.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:02 pm

AAPL

QCOM

QUALCOMM Incorporated (NASDAQ:QCOM) is reportedly cutting hundreds of staff in China and Taiwan due to a longer-than-expected industry downturn and slow recovery. The company's Q3 results showed a 23% YoY fall in revenues. QUALCOMM is also facing competition from Huawei Technologies, which recently unveiled a new 7nm processor. However, QUALCOMM's three-year pact with Apple Inc (NASDAQ:AAPL), which accounted for 16% of its earnings last year, may instill confidence in investors.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 11:59 am

AZN

DSKYF

DSNKY

AstraZeneca and Daiichi Sankyo announced that their partnered cancer drug, datopotamab deruxtecan (Dato-DXd), met its primary goal in a phase 3 trial for breast cancer. The drug showed a significant improvement in progression-free survival compared to chemotherapy. The safety profile was consistent with previous trials, and no new safety issues were identified. The overall survival data is still being assessed. AstraZeneca's shares rose 2.66% in premarket trading following the news.

Portfolio Pulse from Vandana Singh

September 22, 2023 | 11:46 am