Streetbeat News

Partnerships

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

DIS

UL

Disney Star, the Indian joint venture of Walt Disney Co (NYSE:DIS), has secured a $24 million sponsorship deal with Hindustan Unilever (NYSE:UL) for the upcoming Asia Cup and ICC Cricket World Cup. The timing of these events aligns with the festive season, providing an ideal scenario for marketers. Disney Star aims to generate $48 million in ad revenue from the Asia Cup alone.

Portfolio Pulse from Shomik Sen Bhattacharjee

August 30, 2023 | 11:55 am

MGNI

Magnite Inc (NASDAQ:MGNI) has been chosen by Virgin Media as the preferred SSP to support their free ad-supported streaming television (FAST) channels. Virgin Media will use MGNI's Streaming SSP and ad-serving platform (SpringServe) to manage and monetize its FAST inventory on Virgin TV. This partnership reflects a shift in the TV industry towards ad-supported streaming. MGNI recently reported Q2 adjusted EPS of $0.09, beating the $0.03 estimate and sales of $152.50 million, exceeding the consensus of $134.28 million.

Portfolio Pulse from Lekha Gupta

August 30, 2023 | 11:35 am

BTCUSD

ETHUSD

SPY

The article covers a range of topics including stock movements, crypto news, politics, tech, electric vehicles, financials, and industrials. Key highlights include Peter Schiff's comments on Bitcoin ETFs, Grayscale's court victory over SEC, Walmart's partnership with Google's drone unit, and Goldman Sachs' acquisitions using Chinese state funds.

Portfolio Pulse from Akanksha Bakshi

August 30, 2023 | 11:34 am

EXAS

Exact Sciences Corp. (NASDAQ:EXAS) has been selected by the National Cancer Institute (NCI) to participate in the ComboMATCH clinical trials. The company's testing laboratory in Phoenix, AZ will use its new OncoExTra test to analyze tumor tissue and blood samples from patients, providing a comprehensive molecular picture of the patient's cancer and actionable results.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 11:33 am