Streetbeat News

Partnerships

WBD

Warner Bros. Discovery Inc (NASDAQ:WBD) is reportedly close to appointing Mark Thompson, former executive at the New York Times and the BBC, as the new CEO of CNN. This move is seen as a strategy to combat CNN's prolonged ratings decline. Thompson's tenure at the New York Times was marked by a successful transformation, including the achievement of 10 million paying subscribers ahead of schedule. His appointment comes as Warner Bros. Discovery seeks to rejuvenate CNN and align its traditional TV business with its digital growth objectives.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 12:42 pm

DGX

Quest Diagnostics has been granted FDA breakthrough designation for its Adeno-Associated Virus (AAV) test. Additionally, Quest has expanded its collaboration with Sarepta Therapeutics to develop AAV Companion Diagnostics for Sarepta's gene therapies.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:41 pm

METX

BTC Digital Ltd. (NASDAQ:METX), a blockchain technology company, has entered into a strategic cooperation agreement with Zhonglian Digital Technology International Limited. The partnership will focus on digital mining, with each party leveraging the other's resources to improve their competitive positions. The collaboration is expected to provide additional business opportunities and overall growth for BTC Digital.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:41 pm

EDTK

Skillful Craftsman Education Technology Limited (NASDAQ:EDTK) has announced a collaborative agreement with Parkway College of Nursing and Allied Health Pte. to provide specialized training for foreign workers seeking healthcare sector employment in Singapore. The collaboration aims to address the shortage of nursing resources in Singapore. Skillful Craftsman will utilize Parkway College's preparatory course to offer systematic trainings to overseas nurses. Singapore plans to hire close to 4,000 nurses by the end of 2023, 60% of which will be foreign nurses.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:39 pm

NVO

Novo Nordisk has acquired Embark Biotech and entered a three-year R&D pact to develop novel pharmaceuticals for obesity and related co-morbidities. Embark Biotech will receive €15M upfront and potential milestones of up to €456M.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:31 pm

DNA

GOOG

GOOGL

Ginkgo Bioworks Holdings Inc (DNA) shares are fluctuating after a 24% rally on Tuesday, following the announcement of a strategic partnership with Google Cloud. The five-year partnership aims to develop and deploy AI tools for biology and biosecurity. Google Cloud will provide funding to help Ginkgo achieve certain milestones over the next three years. Ginkgo also announced an Investor Day on Oct. 3 to discuss the partnership and its generative AI capabilities.

Portfolio Pulse from Adam Eckert

August 30, 2023 | 12:19 pm

VIPS

Vipshop, a leading online discount retailer in China, has partnered with The Nature Conservancy (TNC) to finance the inaugural year of Beijing's Miyun Close-to-Nature Forest Management and Bird Habitat Optimization Project. The project aims to enhance the forest ecosystem in Miyun District, with a focus on migratory bird habitats and pioneering a global standard for close-to-nature forest management. Vipshop is also a pledge member of the World Economic Forum's Trillion Trees Initiative.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:18 pm

AGR

Avangrid, Inc. (NYSE:AGR) has announced a pilot project with LineVision, Inc. to increase capacity on its transmission lines for renewable energy in New York state. The project will use advanced monitoring to provide real-time data on where additional power can flow through the existing transmission infrastructure. This could aid in linking more renewable energy resources into New York's electrical grid and supporting the state's clean energy goals. The project is funded through round two of NYSERDA's Future Grid Challenge program.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:08 pm

SOBR

SOBR Safe, Inc. (NASDAQ:SOBR) has launched the sales of its alcohol monitoring wristband, SOBRsure, which is now available for purchase at www.SOBRstore.com. The wristband is intended for use by teen drivers, over-the-road trucking, outpatient alcohol treatment, and in establishing co-parenting confidence. The company has also partnered with Mothers Against Drunk Driving (MADD) to combat teen drunk driving.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 12:07 pm

MTEK

Maris-Tech Ltd. (NASDAQ:MTEK), a B2B provider of edge AI accelerated video solutions, has entered into a distribution agreement with Precision Electronics Ltd. (PEL) in India. PEL will act as the master distributor for Maris-Tech's products in India, with the license to sell and promote all Maris-Tech's solutions and custom products.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 12:03 pm