Streetbeat News

Partnerships

TM

TSLA

WKSP

Tesla Inc. received nearly $15 million in funding from the EU for the expansion of its supercharger network. Worksport Ltd announced significant progress in the development of its portable battery system COR and solar-powered SOLIS tonneau cover, designed to extend the driving range of electric pickups. Toyota Motor confirmed it will build an electric pickup and plans to launch at least 15 EVs by 2025.

Portfolio Pulse from Upwallstreet

September 14, 2023 | 3:32 pm

ABBV

HARP

Harpoon Therapeutics Inc's (NASDAQ:HARP) stock is trading lower after AbbVie Inc (NYSE:ABBV) decided not to exercise its exclusive license option within the Development and Option Agreement regarding Harpoon's HPN217 program. The termination of this agreement will take effect on October 12, 2023. This decision means that the HPN217 program will continue to be owned exclusively by Harpoon.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 3:31 pm

ACN

GOOG

MSFT

NVDA

Ernst & Young (EY) has announced a $1.4 billion investment into artificial intelligence (AI) and the launch of its large language model, EY.ai EYQ. The firm also plans to provide AI training to its 400,000 employees. This investment exceeds EY's total AI expenditure over the past five years. Other consulting firms such as KPMG, Accenture Plc, PricewaterhouseCoopers, and Deloitte have also announced significant investments in AI. EY's new platform aims to address privacy and data security issues associated with large language models.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 3:21 pm

V

Visa Inc. has signed a five-year partnership with UK-based payment platform Paysend for international money transfers through Visa Direct. The deal will allow Paysend's customers to send money in real-time to eligible Visa cards across 170 countries. The partnership will focus on promoting speedy payments to Visa cards, particularly from the USA to Latin America. This builds on Paysend's existing relationship with Currencycloud, part of Visa Cross-Border Solutions.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 2:47 pm

DB

Deutsche Bank (NYSE:DB) has announced a partnership with Swiss startup Taurus to offer global crypto custody services. The bank will use Taurus' technology to manage cryptocurrencies, tokenized assets, and digital assets. This follows Deutsche Bank's investment in Taurus as part of a $65 million Series B funding round led by Credit Suisse. The bank has been interested in offering cryptocurrency custody and trading services to its clients for the past three years.

Portfolio Pulse from Khyathi Dalal

September 14, 2023 | 2:40 pm

HARP

Harpoon Therapeutics' stock is trading lower after AbbVie decided not to exercise the exclusive license option for the HPN217 program.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:10 pm

AMD

ARM

BABA

NVDA

Nvidia Corp and peers, including Advanced Micro Devices, Inc, got a boost from Arm Holdings plc's initial public offering. Arm raised $4.87 billion from 95.5 million American depositary shares at $51.00 per ADS. Nvidia had pursued the takeover of the British chipmaker before it succumbed to regulatory opposition. Separately, Starfield is now available on Nvidia's GeForce Now, marking the first big test for Nvidia's 10-year deal with Microsoft that gives it the right to stream Xbox games via GeForce Now. Nvidia, the trillion-dollar chip designer stock, has gained 218% YTD.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 2:06 pm

TSLA

Elon Musk, CEO of Tesla, had a meeting with Israeli Prime Minister Netanyahu, which was planned several weeks ago. The discussion was about AI, not the Defamation League, as per Musk's statement.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:55 pm

CF

EWY

CF Industries and POSCO are considering a joint U.S.-based clean ammonia project and a long-term clean ammonia offtake agreement into South Korea. If the project proceeds, POSCO plans to import low-carbon clean ammonia from the facility to support decarbonization of its own and third-party coal-based power generation facilities. POSCO also plans to convert low-carbon clean ammonia into hydrogen for use in gas-based power plants and in the steel-making process.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:42 pm

BNOX

MRK

Bionomics shares are trading lower following an update on its collaboration with Merck on the α7 Nicotinic Acetylcholine Receptor Positive Allosteric Modulator.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:27 pm