Streetbeat News

Partnerships

XAIR

Beyond Air, Inc. (NASDAQ:XAIR) has announced the publication of new preclinical data supporting the development of selective neuronal nitric oxide synthase (nNOS) inhibitors for the treatment of Autism Spectrum Disorder (ASD). The data, published by the Hebrew University of Jerusalem (HUJI), demonstrates a therapeutic effect for at least 10 days after a single subcutaneous injection of an extended-release nNOS inhibitor. The research observed improved cognitive memory, social interaction, and reduced anxiety-like behavior in Shank3 mutant mice.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:06 pm

PYPL

V

Blockchain Capital, a crypto-centric venture firm, has raised $580 million through two new funds, marking its largest fundraising effort to date. The company plans to use these funds to support crypto startups in various sectors. Notable investors in Blockchain Capital include Visa Inc. and PayPal Inc. The firm has historically invested in entities like Worldcoin, Kraken, and OpenSea. Despite regulatory challenges in the U.S., the firm remains committed to token investments.

Portfolio Pulse from Murtuza Merchant

September 18, 2023 | 7:46 pm

IBM

IBM has announced a commitment to train two million learners in artificial intelligence (AI) by the end of 2026, with a focus on underrepresented communities. The initiative will involve collaborations with universities and NGOs worldwide, and will offer new generative AI coursework through IBM SkillsBuild. The move is in response to a global AI skills gap, with a recent IBM study suggesting that 40% of the workforce will need to reskill in the next three years due to AI and automation.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:32 pm

C

DB

HSBC

JPM

Citigroup Inc (NYSE:C) has launched Citi Token Services, a digital asset solution using blockchain and smart contract technologies for better cash management and trade finance. The service will convert customer deposits into digital tokens which can be transferred globally. The bank will depend on a private blockchain owned and managed by the bank. This follows similar moves by Deutsche Bank (NYSE:DB) and HSBC (NYSE:HSBC) who recently partnered with other companies for digital asset custody. JPMorgan Chase & Co (NYSE:JPM) is also developing a blockchain-based digital deposit token.

Portfolio Pulse from Khyathi Dalal

September 18, 2023 | 7:14 pm

AMZN

GOOG

GOOGL

MSFT

Internal emails from the FTC v. Microsoft Corp case revealed Microsoft's plans to stream PC games over the cloud using its Azure servers. Microsoft CEO Satya Nadella and Xbox chief Phil Spencer discussed the potential advantage of Google's Stadia in cloud gaming. Spencer confirmed Microsoft's efforts to create an Azure solution for streaming PC games and mentioned the possibility of offering a white-label cloud gaming service. He also speculated that Google might shift Stadia towards a Google Cloud service and abandon its first-party consumer gaming service.

Portfolio Pulse from Franca Quarneti

September 18, 2023 | 6:43 pm

PARA

The Motion Picture Editors Guild has ratified a new four-year contract with Nickelodeon, ending a six-month negotiation process. The contract, which was approved unanimously, will affect approximately 70 post-production members of the guild. The agreement includes wage increases ranging from 9% to nearly 70% over the next year. The last contract with Nickelodeon expired on February 28, meaning the new agreement's wage increases are retroactive to March.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 5:43 pm

AMZN

MSFT

Amazon is reportedly set to hire Microsoft's departing product chief. The move could potentially strengthen Amazon's product development capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 5:12 pm

MSFT

Microsoft's Xbox Game Pass has reached over 30 million members, according to Xbox's senior director of global brand and integrated marketing, Craig McNary. The growth is attributed to full-funnel campaigns, SKU expansion to PC, iOS, and Android, and partnerships with Alienware, EA Play, Spotify, and Disney+. The service offers access to 36 games for Xbox Series X/S and Xbox One, including titles from Microsoft's studios, Bethesda, and third-party games.

Portfolio Pulse from Franca Quarneti

September 18, 2023 | 4:52 pm

LAD

Lithia & Driveway announced its intention to enter a partnership with Pinewood Technologies and acquire the UK motor and fleet management divisions of Pendragon plc. This has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 4:47 pm

TSLA

Turkish President Tayyip Erdogan has proposed to Tesla Inc CEO Elon Musk the idea of building a Tesla production facility in Turkey. This follows Tesla's announcement in August about its interest in setting up a factory in India. Erdogan also expressed interest in collaborating with Musk on AI and Starlink. Musk has reportedly accepted Erdogan's invitation to the Turkish aerospace and technology festival, Teknofest, in late September.

Portfolio Pulse from AJ Fabino

September 18, 2023 | 4:31 pm