Streetbeat News

Partnerships

PERF

Perfect Corp. has partnered with ELEMIS to launch the global British skincare brand. The ELEMIS AI Skin Experience will provide customers with a detailed skin assessment and match them with the best skincare product regimen.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:54 am

LEU

Oklo and Centrus Energy have announced a new Memorandum of Understanding to deploy Oklo's advanced fission powerhouses and advanced nuclear fuel production in Southern Ohio. This move is set to make the region a critical hub for the future of the U.S. nuclear industry.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:35 am

IMGN

TAK

Immunogen has entered into an exclusive collaboration with Takeda to develop and commercialize Elahere in Japan. Immunogen will receive $34M in upfront and near-term milestone payments and is eligible to receive potential milestone payments and royalties.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:33 am

VRSK

Planitar and Verisk have announced a strategic integration aimed at accelerating the insurance industry's claims process. The partnership will leverage Planitar's iGUIDE technology and Verisk's claims solutions to provide a more efficient and accurate claims process.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:04 am

DIDI

XPEV

XPeng Inc is partnering with DiDi Global Inc to promote the adoption of Smart EVs and technologies. Additionally, XPeng is considering acquiring Didi's EV unit in a deal that could be worth up to $744M.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 9:58 am

GOOGL

GRMN

Google (NASDAQ:GOOGL) is partnering with Garmin Ltd. (NYSE:GRMN) to introduce two-way satellite texting for Android devices with the upcoming Android 14 update. The feature, which will be integrated into the Google Messages app, is expected to roll out in over 150 countries after the stable release of Android 14. Google will leverage Garmin’s established ecosystem for this initiative, which includes collaboration with Iridium, a global Low Earth Orbit satellite constellation company.

Portfolio Pulse from Benzinga Neuro

August 28, 2023 | 9:43 am

VRSK

AXA Life & Health Reinsurance Solutions has chosen Verisk's health risk rating tool and ratings engine to automate health insurance underwriting for its insurance partners in Egypt. This marks Verisk's entry into the Egyptian health insurance market.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 8:15 am

DIDIY

XPEV

XPENG Inc. has partnered with DiDi Global to expand in the A-Class Smart EV market. The strategic partnership aims to leverage XPENG's expertise in smart electric vehicle technology and DiDi's extensive ride-hailing platform to create a new market segment.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 5:28 am

AMZN

DIS

Walt Disney Co (NYSE:DIS) is facing investor scrutiny over its strategic decisions under interim CEO Bob Iger, as the company's stock hits a decade-low. Iger's measures include cost reductions, organizational revamp, and reinstating Disney's regular dividend. Despite these efforts, the stock has declined over 10% since the release of its Q3 earnings. Concerns include price increases for Disney+ and a drop in subscriber numbers. Speculations suggest a potential collaboration with Amazon (NASDAQ:AMZN) for ESPN's streaming venture could be causing a slight uptick in Disney's stock.

Portfolio Pulse from Bibhu Pattnaik

August 27, 2023 | 4:15 pm

FFIE

LCID

PSNY

TSLA

Electric vehicle (EV) stocks had a mixed performance in the week ended Aug. 25. Tesla's stock rose by 10.72% following Elon Musk's Cybertruck teasers and the upcoming launch of the refreshed Model 3 vehicle. Lucid Group's price cuts have been well received by customers and the market, according to CEO Peter Rawlinson. Polestar Automotive achieved a production milestone of 150,000 vehicles and announced a partnership with Mobileye Global for autonomous driving technology. Ford is offering incentives and lease options for its Mach-E crossover SUV EV in the U.S. Faraday Future effected a 1-for-80 reverse stock split.

Portfolio Pulse from Shanthi Rexaline

August 26, 2023 | 2:56 pm