Streetbeat News

Partnerships

MDGS

PRZO

ParaZero Technologies has signed a new development agreement with Latin American drone manufacturer Black Square. The agreement will likely lead to increased business opportunities for both companies.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:42 am

FXI

SPY

China's Premier Li has stated that China and the U.S. are fully capable of developing together and joining hands to make greater contributions to a better future for all mankind. He also expressed China's willingness to work with the U.S. to jointly safeguard international trade rules.

Portfolio Pulse from Charles Gross

August 21, 2023 | 11:42 am

PHIO

Phio Pharmaceuticals has announced the dosing of the first patient in a collaborative clinical trial with AgonOx, Inc. and Providence Cancer Institute.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:33 am

RDW

Sierra Space has entered into a strategic partnership with Redwire for commercial pharmaceutical and biotech R&D and manufacturing in low-Earth orbit. Redwire will provide technical expertise for automation and robotics. Hardware development is underway with deliveries expected to begin in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:32 am

GSK

IDYA

Ideaya Biosciences has announced FDA clearance of an Investigational New Drug application to initiate a GSK-sponsored Phase 1/2 trial for GSK101 (IDE705) in combination with Niraparib for tumors with BRCA or other homologous recombination mutations. IDEAYA will receive a $7 million milestone payment upon IND acceptance, and potential future aggregate milestones of up to $950 million related to GSK101 Pol Theta inhibitors.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:03 am

TTE

Chinese liquefied natural gas (LNG) importers are expanding their trading desks in London and Singapore to manage their growing supply portfolios in the volatile global market. This move positions them against global giants like Shell, BP, and TotalEnergies. Chinese companies ENN Natural Gas and China National Offshore Oil Corp are planning London offices, while China Gas Holdings is initiating a Singapore operation. Chinese gas importers have increased their long-term LNG contracts with Qatar and U.S. suppliers by nearly 50% since late 2022.

Portfolio Pulse from Benzinga Neuro

August 21, 2023 | 9:41 am

AAPL

TSLA

Tesla Inc has updated its iOS app to version 4.24.0, allowing users to execute commands such as unlocking their vehicle or starting charging by asking Siri on their Apple Inc iPhone or watch. This was enabled via integration with Apple’s Shortcuts app. Previously, third-party apps were required for such functionality. There are also rumors of AirPlay coming soon on Tesla cars, which would allow for wireless streaming of content from iPhones to the car's sound system.

Portfolio Pulse from Anan Ashraf

August 21, 2023 | 6:18 am

COIN

OpenSea, a leading NFT marketplace, has faced backlash over its decision to stop enforcing mandatory creator royalties on secondary sales of NFTs. The change, which will take effect in March 2024, has been criticized by Yuga Labs, the company behind popular NFT collections, and Mark Cuban, an investor in OpenSea. Yuga Labs plans to sunset support for OpenSea's SeaPort by February 2024, and there is speculation that it may launch its own NFT marketplace. Coinbase Global (NASDAQ:COIN), which operates an NFT marketplace, has stated its commitment to enforcing creator royalties.

Portfolio Pulse from Chris Katje

August 20, 2023 | 10:21 pm

AAPL

ARES

DKNG

MGOL

Soccer superstar Lionel Messi's move to Major League Soccer's Inter Miami has resulted in significant betting profits for those who wagered on his performance. In his first six games, Messi scored nine goals and had three assists. Betting platform DraftKings Inc (NASDAQ:DKNG) provided the odds for each game. Apple Inc (NASDAQ:AAPL) has exclusive rights to MLS games and also participated in Messi's transfer deal, offering him a portion of the revenue from new MLS Season Pass subscriptions. Other companies that could benefit from Messi's success include Ares Management Corp (NYSE:ARES), which invested in the club, and MGO Global Inc (NASDAQ:MGOL), which manages the online Messi store.

Portfolio Pulse from Chris Katje

August 19, 2023 | 3:47 pm

FSR

TSLA

VFS

XPEV

Electric vehicle stocks fell last week due to fears of more interest rate hikes by the Federal Reserve. Tesla's stock fell after it cut prices of its Model S, Model X, and Model Y vehicles in China, which was seen as a desperate move to attract customers amid challenging demand and competitive pressure. However, rumors suggest Tesla's refreshed Model 3 EV, referred to as “Highland,” will arrive at showrooms in China later this month. Fisker signed an agreement with Tesla to adopt the latter's North American Charging Standard for its first vehicles. XPeng reported a record quarterly loss of 2.7 billion yuan despite its sales meeting expectations. VinFast Auto made a strong debut on the Nasdaq but retreated over the remainder of the week.

Portfolio Pulse from Shanthi Rexaline

August 19, 2023 | 11:23 am