Streetbeat News

Partnerships

GS

Goldman Sachs' partnerships with fintech companies are under scrutiny by U.S. banking regulators due to compliance and risk issues. The bank's transaction banking business unit has stopped onboarding high-risk fintech clients following a warning from the Federal Reserve. This development could potentially hinder Goldman's business expansion plans under CEO David Solomon.

Portfolio Pulse from Nabaparna Bhattacharya

August 31, 2023 | 12:50 pm

CRM

Salesforce Inc (NYSE:CRM) shares are trading higher after the company reported better-than-expected Q2 results and issued strong guidance. Q2 revenue increased 11% YoY to $8.6 billion, beating the consensus estimate of $8.52 billion. The company also reported quarterly earnings of $2.12 per share, beating analyst estimates of $1.90 per share. Several analysts maintained positive ratings and lifted price targets on the stock. Salesforce also announced a collaboration with IBM to accelerate AI adoption.

Portfolio Pulse from Adam Eckert

August 31, 2023 | 12:35 pm

MSFT

VRNT

Verint's Open CCaaS platform has achieved Microsoft Co-Sell Ready status and has been included in the Microsoft Azure and AppSource marketplaces. This could potentially increase Verint's visibility and sales.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:34 pm

BCTX

BriaCell has accepted a letter of intent from Weill Cornell Medicine to initiate a clinical trial of Bria-IMT in high-risk early-stage triple negative breast cancer.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:23 pm

MGNI

Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, has announced a partnership with Mediaocean, a platform for omnichannel advertising. The partnership will provide direct access to streaming and CTV inventory for local linear buyers. The agreement will allow local buyers to allocate localized spend to Magnite within Mediaocean and execute these CTV buys with their existing planning tools.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:11 pm

AMZN

SHOP

Amazon has launched a new 'Buy with Prime' app for Shopify merchants, which has led to a rally in Shopify's stock price. The app allows Prime members to have a swift checkout process within Shopify, with the benefits of fast, free shipping and easy returns through Amazon's logistics network. The app will be available to all U.S.-based Shopify sellers linked to Amazon's delivery network by the end of September. The integration of 'Buy with Prime' has increased shopping conversions by 25% on average.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 12:08 pm

AWH

Aspira Women's Health Inc. (NASDAQ:AWH) has signed an exclusive sample procurement agreement with The University of Oxford. The samples will be used to validate Aspira's EndoCheckSM test, a first-generation blood test for the diagnosis of endometriosis. The company plans to launch the test by the end of 2023.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:04 pm

WKSP

Worksport Ltd. (NASDAQ: WKSP) has announced a comprehensive sales strategy, including partnerships with four sales partners, to boost its market growth. The company has recently secured a $1.6 million order for its premium hard-folding covers and is expanding its operational capabilities. Worksport is also focusing on increasing its brand prominence on B2C platforms like Amazon, Walmart, eBay, and its own e-commerce site. The company is also advancing its efforts to introduce the SOLIS solar cover and the COR battery system to the market.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:04 pm

KULR

KULR Technology Group has secured a third purchase order from NASA for its advanced automated battery cell screening system. The order involves the assessment of 10,000 LG Chem Lithium-Ion INR18650 M36T cells. KULR plans to expand its technology to support 21700 cells by the end of the year. The global battery cell testing market is projected to grow at a CAGR of 4% from 2022 to 2030, reaching USD 7 billion.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:02 pm

CRM

IBM

IBM and Salesforce have announced a collaboration to accelerate the adoption of AI for CRM. IBM Consulting will use its industry expertise to guide clients through the adoption and deployment of Salesforce AI technologies. The collaboration will also involve integrating data and insights, with IBM Consulting complementing Salesforce's generative AI tools with IBM watsonx, an enterprise-ready AI and data platform. The partnership aims to revolutionize customer, partner, and employee experiences while safeguarding data.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:01 pm