Streetbeat News

Partnerships

ZYME

Zymeworks' unit and Beigene have entered into a termination agreement for the license and collaboration agreement of Zanidatamab Zovodotin on September 18.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:30 pm

LUXH

LuxUrban Hotels Inc. (NASDAQ:LUXH) has announced the addition of three new properties to the Trademark Collection by Wyndham. The Hotel 57 in New York City, the Condor Hotel in Brooklyn, and the Lafayette Hotel in New Orleans have been rebranded under the Wyndham banner. The company also announced the expected opening of a new boutique hotel in New York City in October 2023. LuxUrban expects that at least 60% of its hotels will join the Wyndham platform by the end of Q3 2023, with the remainder to be added by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:17 pm

MSFT

The US Army has awarded Microsoft a $95 million contract for the next stage of the Integrated Visual Augmentation System (IVAS) program. The technology, based on Microsoft's HoloLens 2 device, is a high-priority modernization initiative for the Army. The new variant, IVAS 1.2, has received positive feedback from initial testing. The contract includes the development and delivery of 280 pre-production IVAS 1.2 systems and 11 soldier immersive virtual trainers. The program could be worth up to $21.9 billion if fully realized.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 7:36 pm

PLTR

TSLA

Palantir Technologies Inc (NYSE:PLTR) CEO Alex Karp and Tesla Inc CEO Elon Musk have expressed concerns about the potential risks of artificial intelligence (AI) to humanity. Karp called on tech companies to collaborate with the government on AI initiatives and stressed the need for more investment in AI. He also emphasized the importance of ensuring that adversaries like Russia and China do not develop superior AI tools. Karp and Musk had discussed the future of AI and its potential risks at a closed-door U.S. Senate discussion on regulating AI.

Portfolio Pulse from Adam Eckert

September 21, 2023 | 6:47 pm

AAPL

DIS

Disney's CEO Bob Iger's plans to sell its linear TV assets and seek partners for ESPN have reignited speculation of a potential deal with Apple. Apple, with a market cap of $2.8 trillion and $62 billion in cash, could afford to acquire parts of Disney. However, Apple's culture of avoiding big deals and potential regulatory scrutiny could be obstacles. Disney's ESPN, which is planning to launch a streaming version, could be of interest to Apple, which has been expanding its live sports offerings on AppleTV+. Wedbush Securities analyst Dan Ives estimates that acquiring ESPN could cost Apple close to $50 billion.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 6:01 pm

ENPH

PLTR

Palantir Technologies announced via Twitter that Enphase Energy is using Palantir's Foundry platform.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:53 pm

AVGO

GOOG

A Google spokesperson has stated that there is no change in their engagement with Broadcom, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:46 pm

EWC

EWW

SPY

TSLA

Jaguar plans to source adapters from Tesla for its I-Pace drivers and future luxury electric Jaguars, launching in 2025, will incorporate the NACS connector without the need for an adapter in the U.S., Canada, and Mexico.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:45 pm

TSLA

Jaguar has signed an agreement with Tesla to provide access to over 12,000 Superchargers using the North American Charging Standard Connector, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:44 pm

GOOG

GOOGL

TikTok is testing a search partnership with Google, which could potentially boost traffic and ad revenue for both companies. The feature is being trialed globally across several different markets. The partnership comes as Google stands trial against the US Justice Department over allegations of maintaining its monopoly on search through distribution deals. TikTok has also recently enhanced its search function by including snippets of information from Wikipedia and IMDb.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:35 pm