Streetbeat News

Partnerships

ZIM

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has announced a new operational cooperation agreement with MSC, the industry's largest carrier. The agreement includes services connecting the Indian subcontinent with the East Mediterranean, the East Mediterranean with Northern Europe, and services connecting East Asia with Oceania. The agreements between ZIM and MSC includes vessel sharing, slot purchases, and swap arrangements. The collaboration is expected to enhance operational efficiencies and service levels for ZIM's customers.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:38 pm

COIN

PYPL

Huobi, a Seychelles-based cryptocurrency exchange, will list PayPal's newly launched stablecoin, PYUSD, by September 7, 2023. The trading of PYUSD will commence once the deposit volume aligns with market demand. The stablecoin, issued by the Paxos Trust Company, is fully backed through U.S. dollar deposits, short-term U.S. treasury bonds, and equivalent cash reserves. Other exchanges like BitMart, Kraken, and Coinbase Global Inc have also started trading the stablecoin.

Portfolio Pulse from Khyathi Dalal

September 06, 2023 | 7:56 pm

DAL

Seven-time Super Bowl champion Tom Brady has entered a strategic partnership with Delta Air Lines Inc. (NYSE:DAL). Brady will be involved in strategic initiatives, interacting with Delta's global employee base, customers, and other stakeholders. He will also contribute to Delta's employee onboarding process and help familiarize them with the company's culture.

Portfolio Pulse from Piero Cingari

September 06, 2023 | 7:45 pm

VERB

Verb Technology Company, Inc. (NASDAQ:VERB) shares dropped after a surge due to the announcement of a technology integration and strategic relationship with TikTok. The collaboration is expected to benefit Verb's livestream social shopping platform, MARKET.live, by exposing it to TikTok's 150 million US users. However, the stock pulled back sharply on Wednesday on above-average volume.

Portfolio Pulse from Ryan Gustafson

September 06, 2023 | 7:26 pm

TELL

Tellurian and Baker Hughes have announced an agreement for the supply of eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. This has led to a rise in Tellurian's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 7:13 pm

BIIB

DNLI

B Riley Securities initiated coverage on Denali Therapeutics Inc (DNLI) with a Buy rating and a price target of $38. The analysts are optimistic about Denali's proprietary blood-brain barrier (BBB) shuttling platform approaches, which enables the safe, efficient, and effective delivery of complex large and small molecules. The emerging clinical datasets from DNLI's programs, whether independently owned or in collaboration, are anticipated to drive value in the coming quarters and years. Partnered programs, especially for Biogen Inc's (BIIB) ATV-Abeta (for Alzheimer's) and SAR443820 (for ALS), have been underestimated.

Portfolio Pulse from Vandana Singh

September 06, 2023 | 6:45 pm

AMC

The concert film 'Taylor Swift: The Eras Tour' is expected to be a major hit at the box office, with cinema owners predicting a record $100M opening. The film will be shown in theaters across the U.S. and Canada for several weekends, starting from Oct. 13. AMC Theatres, the world's largest exhibitor, has secured distribution rights for the film and has partnered with indie distributor Variance to show the film in rival cinemas. AMC's presales for the film hit a record-breaking $26M within the first 24 hours.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 5:23 pm

ASND

Ascendis Pharma reported a Q2 earnings beat and entered a royalty funding agreement with Royalty Pharma, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:18 pm

BMWYY

BYDDY

MBGAF

TSLA

VWAGY

XPEV

The IAA motor show in Munich highlighted the strength of China's EV market, with Tesla unveiling an improved Model 3 and Chinese brands BYD and XPeng showcasing their models. European automakers also revealed their EV plans, with BMW unveiling a concept car for its new EV series, Mercedes-Benz revealing a coupe-style EV, and Volkswagen aiming to halve battery cell costs through its partnerships in China.

Portfolio Pulse from Upwallstreet

September 06, 2023 | 5:11 pm

HSBC

HSBC has announced a partnership with WPB to expand its U.S. equity coverage, according to an internal memo seen by Reuters. This move is part of HSBC's strategy to enhance its global research team.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 4:54 pm