Streetbeat News

Partnerships

MRIN

WMT

Marin Software has expanded its support to include Walmart Connect's Sponsored Brands, a unique ad unit designed to increase brand visibility and customer engagement. This integration allows advertisers to manage their campaigns alongside other major retailers on Marin Software's platform, offering extensive campaign management and optimization capabilities.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 6:21 pm

REGN

Regeneron Pharmaceuticals has announced an agreement with the Biomedical Advanced Research and Development Authority (BARDA) to support the development of a next-generation COVID-19 monoclonal antibody therapy. The agreement is part of 'Project NextGen,' an initiative by the U.S. Department of Health and Human Services to advance new vaccines and therapeutics for COVID-19. The new contract has an estimated value of up to approximately $326 million of government funding.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 6:18 pm

CRM

MSFT

Zoom Video Communications (NASDAQ:ZM) exceeded Q2 estimates and raised its full-year outlook, causing its shares to rise 8%. However, shares fell 6% as Wall Street compared the figures to rival Microsoft Corporation (NASDAQ:MSFT). Zoom's Q2 revenue increased 3.6% YoY to $1.14 billion, with enterprise revenue making up 58% of total revenue. Net income expanded to $182 million. Zoom's Q3 outlook expects adjusted earnings per share between $1.07 and $1.09 and revenue between $1.115 billion and $1.120 billion. Zoom also invested in AI startup Anthropic to compete with Microsoft Teams.

Portfolio Pulse from Upwallstreet

August 22, 2023 | 5:08 pm

MSFT

Microsoft has introduced the Public Preview of Python in Excel, allowing users to integrate Python and Excel analytics within the same Excel grid. The new feature combines Python's data analysis and visualization libraries with Excel's features. Microsoft has partnered with Anaconda, a leading Python repository, to leverage its distribution for Python running in Azure. The Python in Excel feature runs on the Microsoft Cloud with enterprise-level security.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:58 pm

LNVGY

NVDA

VMW

Lenovo and VMware have expanded their partnership to bring new Nvidia-powered turnkey generative AI and multi-cloud solutions to businesses. The new Lenovo ThinkSystem generative AI solution with VMware Cloud features NVIDIA-accelerated computing and software to deliver a GPU-dense platform for next-generation AI workloads. The companies have also set up joint innovation labs to deliver ready-to-go, hybrid multi-cloud solutions to the commercial mid-market and enterprise. Additionally, the new Lenovo TruScale Hybrid Cloud with VMware will enable intelligent cloud transformation on demand.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:31 pm

EZA

FXI

China's President Xi Jinping and South Africa's President Cyril Ramaphosa have signed a Memorandum of Understanding (MOU). The details of the MOU were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:21 pm

JPM

LVMUY

Sephora, a unit of LVMH-Moet Hennessy Louis Vuitton SA (OTC:LVMUY), is the first J.P. Morgan Payments customer to promote Tap to Pay on iPhone. The application allows merchants to accept contactless payments using their iPhones without needing a dedicated payments card reader. J.P. Morgan Payments plans to expand Tap to Pay on iPhone to U.S. merchants over the next year.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 4:17 pm

ARCO

BLNK

MCD

Blink Charging Co (NASDAQ:BLNK) has signed an agreement with Arcos Dorados Holdings Inc. (NYSE:ARCO), a McDonald's Corporation (NYSE:MCD) franchisee, to provide EV charging solutions to five restaurants in Puerto Rico. The Blink-owned IQ 200 pedestal chargers will be installed at Arcos Dorados franchises throughout Puerto Rico starting from August 2023. Blink has sold or deployed 2,138 chargers across eight countries in LATAM since 2020.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 4:08 pm

MTTR

Matterport, Inc. (NASDAQ:MTTR) has joined the LOT Network, a global patent licensing platform and non-profit community of companies. The move is aimed at protecting Matterport from costly litigation from patent assertion entities (PAEs), also known as 'patent trolls'. LOT Network provides a license to its members for any patent asset once owned by a member, protecting them from potential litigation and fees.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:02 pm

FXI

SPY

White House's Sullivan stated that Raimondo's visit to China will emphasize the U.S.'s commitment to maintaining an economic relationship with China. He added that a stable Chinese economy is beneficial for the world and the U.S. is not trying to hinder China's growth.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:45 pm