Streetbeat News

Partnerships

CRLBF

Temple University has partnered with medical cannabis producer Cresco Labs (OTCQX: CRLBF) to expand its research into the medical benefits of cannabis. Cresco Labs is currently funding four different research projects at Temple, including studies on the use of cannabis to treat chronic pain, food allergies, and chronic obstructive pulmonary disease (COPD). Early results have been promising, with one study finding that the cannabis compound CBD can decrease a form of food allergy in mice.

Portfolio Pulse from Maureen Meehan

August 18, 2023 | 8:11 pm

DIS

VZ

Walt Disney Co (DIS) is planning to launch a streaming alternative for its ESPN cable channel and is considering a partnership with Verizon Communications Inc (VZ). The two companies are reportedly in preliminary discussions about this collaboration. Verizon could provide the required technological infrastructure and reach for Disney's digital expansion. Disney's CEO, Bob Iger, is seeking partners who bring advantages to ESPN in either content or distribution.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 7:10 pm

RKLB

Rocket Lab has signed a deal with earth imaging company iQPS to launch an Earth observation satellite. This news has led to a rise in Rocket Lab's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 4:19 pm

GILD

Gilead Sciences (NASDAQ:GILD) and Meharry Medical College have published a new supplemental issue detailing the impact of the Gilead COMPASS Initiative, a 10-year, $100 million initiative aimed at addressing the HIV epidemic in the Southern United States. The initiative has reached over 208,000 individuals through capacity-building training, 340,000 individuals through in-person events, and more than 90 million through COMPASS social media campaigns. It has also served more than 300,000 individuals through programming run by COMPASS coordinating centers.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 4:01 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) has partnered with TruHC Pharma GmbH, a medical cannabis expert based in Germany. TruHC holds an EU-GDP certification and is expected to receive an EU-GMP license by the end of September. As part of the deal, Hendrik Knopp, a key figure in Germany's medical cannabis landscape, will join Flora's management team. The partnership follows Germany's cabinet approving a marijuana legalization bill. Flora's shares traded 1.4706% higher at $2.07 per share.

Portfolio Pulse from Jelena Martinovic

August 18, 2023 | 3:37 pm

DIS

VZ

Verizon and Disney are reportedly in talks about a potential partnership to launch a streaming version of the ESPN cable channel. Verizon CEO Hans Vestberg has expressed interest in such an arrangement.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 3:24 pm

BA

Ethiopian Airlines is planning to manufacture aircraft parts in a venture with The Boeing Company (NYSE:BA), involving a $15 million initial cost. The venture is expected to create job opportunities for about 300 Ethiopians. The investment is part of Ethiopian Airlines’ manufacturing plan that was chalked out in 2009.

Portfolio Pulse from Shivani Kumaresan

August 18, 2023 | 2:56 pm

TSLA

VWAGY

XPEV

XPeng Inc's Q2 report showed a significant loss due to the price war initiated by Tesla Inc, causing XPeng's U.S. shares to drop 7% in pre-market trade. The company's gross margin turned negative 3.9% due to inventory writedowns of the G3i crossover sports utility vehicle. However, XPeng's vehicle deliveries rose 27% quarter over quarter, and the company expects to deliver between 39,000 and 41,000 vehicles in Q3. XPeng is also working with Volkswagen on developing two EVs for the Chinese market.

Portfolio Pulse from Upwallstreet

August 18, 2023 | 2:37 pm

IZEA

IZEA Worldwide, Inc. (NASDAQ:IZEA) has been awarded a high-six-figure contract with a consumer packaged goods brand. The company's Managed Services team will execute an influencer marketing campaign to drive brand awareness and encourage consumers to try products across the brand's product line. This follows IZEA's recent announcement of setting a record for new opportunity pipeline in Q2.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 2:01 pm

DIS

NFLX

Netflix (NASDAQ:NFLX) and Jio Platforms have partnered to bundle Netflix's streaming offerings with two of Jio's prepaid plans in India. This is the first time Netflix has collaborated with an Indian telecom company to offer their streaming service through a prepaid scheme. The move is part of Netflix's aggressive strategy to increase its customer base in India. Jio Platforms, with a user base of over 450 million, aims to outperform competitors like Bharti Airtel and Vodafone-Idea.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 1:59 pm