Streetbeat News

Partnerships

J

Jacobs Engineering Group's subsidiary, Streetlight Data, has partnered with big data company TomTom to deliver transportation data and insights worldwide. The partnership aims to provide comprehensive mobility analytics solutions.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 7:00 am

RPRX

Royalty Pharma and Ferring Pharmaceuticals have signed a $500 million royalty deal for the innovative intravesical gene therapy Adstiladrin. The deal will provide Royalty Pharma with a significant share of future global net sales of Adstiladrin.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:54 am

MAPS

META

WM Technology, Inc., known as Weedmaps (NASDAQ:MAPS), has announced a strategic partnership with WTG Enterprises, the production company behind 'The Freak Brothers', to further destigmatize and celebrate cannabis culture. The partnership will include in-episode integrations of Weedmaps in the second half of the upcoming Season 2 of ‘The Freak Brothers’, commencing on September 24, 2023. The partnership will also feature exclusive ‘Smoke & Screen’ events across the U.S.

Portfolio Pulse from Joana Scopel

August 24, 2023 | 12:03 am

NET

Cloudflare Inc (NYSE:NET) is reportedly working with SpaceX to improve the performance of its Starlink satellite internet service. The collaboration aims to increase Starlink's points of presence and boost data center performance, which could result in faster network speeds and improved bandwidth. The news boosted Cloudflare's shares by 5.55%.

Portfolio Pulse from Adam Eckert

August 23, 2023 | 8:40 pm

NVDA

Nvidia Corp announced that major cloud service providers have unveiled massive infrastructures based on Nvidia's H100 AI during the quarter.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:24 pm

CVS

NVS

CVS Health has launched Cordavis, a new business aimed at bringing biosimilar products to the market. The first product, Hyrimoz, a biosimilar for Humira, will be launched in partnership with Sandoz in the first quarter of 2024. The list price for Hyrimoz will be more than 80% lower than Humira.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:22 pm

FTI

TTE

TechnipFMC has secured a significant installation contract from TotalEnergies for the Girassol Life Extension (GIR LIFEX) project. The terms of the contract were not disclosed. TechnipFMC was previously awarded the engineering, procurement, and supply of subsea flowlines and connectors for GIR LIFEX last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:16 pm

AMZN

Nielsen is planning to incorporate Amazon's data on 'Thursday Night Football' viewership, which is expected to boost ratings of Prime Video's NFL coverage. This move could allow Amazon to charge more for ads.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 7:49 pm

NET

SpaceX is collaborating with Cloudflare to enhance the performance of its satellite internet service, Starlink. The companies aim to increase Starlink's terrestrial network of mini data centers globally, which could result in faster network speeds for customers. This could help Starlink overcome challenges to its long-term growth, particularly as bandwidth-intensive applications become more prevalent.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 7:40 pm

ADI

APLS

FL

IDEX

ITOS

PTON

VCIG

US stocks traded higher with the S&P 500 gaining 1.08%. Analog Devices (ADI) reported weaker-than-expected Q3 results, with a YoY revenue decline of 1% to $3.08 billion. VCI Global (VCIG) shares rose 129% after announcing a collaboration with Microsoft Azure OpenAI. Apellis Pharmaceuticals (APLS) shares rose 31% after reporting rare events of retinal vasculitis in treatment with SYFOVRE. iTeos Therapeutics (ITOS) shares rose 28% following the release of Roche NSCLC data. Ideanomics (IDEX) shares dropped 27% after announcing a 1-for-125 reverse stock split. Foot Locker (FL) shares fell 30% after reporting a Q2 revenue miss and an 11% rise in inventories. Peloton (PTON) shares fell 24% after reporting mixed Q4 results and a quarterly decline in Connected Fitness subscribers.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 6:25 pm