Streetbeat News

Partnerships

ALMPY

PSTX

TAK

Poseida Therapeutics Inc (PSTX) shares are trading higher after receiving a $50 million strategic investment from Astellas Pharma Inc (ALMPY/ALMPF). The investment includes the purchase of 8.33 million shares at $3.00 per share and a $25 million one-time payment for strategic rights. This investment can extend Poseida's cash runway into early 2025. Poseida is also evaluating its gene therapy programs, including those returned from a terminated collaboration with Takeda Pharmaceutical Company Limited (TAK).

Portfolio Pulse from Vandana Singh

August 07, 2023 | 2:55 pm

NOC

Northrop Grumman Corporation (NYSE:NOC) has delivered two major components of the Arctic Satellite Broadband Mission (ASBM) and has started the next phase of pre-launch preparations. The ASBM is a combined effort between the U.S. Space Force, Space Norway and Northrop Grumman. The satellites also carry multiple hosted payloads, including an X-Band payload for the Norwegian Ministry of Defense, a Ka-Band payload for Inmarsat and the Norwegian Radiation Monitor payload commissioned by the European Commission.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:35 pm

AMZN

META

PINS

SNAP

Pinterest's Q2 revenue rose 6% YoY to $708 million, beating estimates, but expenses also grew 11% YoY to $781 million. The company signed a multi-year deal with Amazon to feature third-party ads, which is progressing faster than anticipated. Meanwhile, Meta Platforms reported a return to double-digit revenue growth, while Snap's shares fell over 17% due to poor guidance and declining sales.

Portfolio Pulse from Upwallstreet

August 07, 2023 | 2:25 pm

BTCUSD

ETHUSD

USDCUSD

USDTUSD

The Singapore Red Cross has started accepting cryptocurrency donations, including Bitcoin, Ether, Tether, and USD Coin. The charity has partnered with Triple-A, a cryptocurrency payment gateway, to facilitate these donations. The donations will be converted into traditional currency and transferred to the organization's bank account within a day.

Portfolio Pulse from Murtuza Merchant

August 07, 2023 | 2:03 pm

MGM

BetMGM, a leading sports betting and iGaming operator, has announced a new market access agreement with Revolutionary Racing Kentucky (RRKY). This agreement will allow BetMGM to bring its online and retail sports betting platform to Kentucky once legalized sports betting launches. The companies will also open a retail BetMGM Sportsbook at Sandy's Racing & Gaming. BetMGM will offer online sports betting capabilities as soon as Kentucky's regulated market commences and pending licensure and regulatory approval.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:48 pm

ATNF

180 Life Sciences Corp. (NASDAQ:ATNF) has partnered with professors from the Hebrew University and Hadassah Hospital to conduct a pharmacokinetic study on the uptake of CBD in a new oral formulation. The study aims to address the issue of low and unpredictable uptake of CBD when delivered orally. The new formulation, developed by the team, has shown promising results in preliminary testing on rats. The human study will be conducted at Hadassah Hospital. 180 Life Sciences shares were trading 12.07% higher at $0.919 per share.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 1:48 pm

GMVD

G Medical Innovations Holdings Ltd. (NASDAQ:GMVD) has reported significant milestones and is on track for revenue growth and profitability. The company has seen growth in its monitoring services and is preparing to launch its 'At Home Test Kits' business unit. The company has also announced collaboration agreements with AdventHealth and Memorial Hermann Health Systems for its Remote Health Monitoring devices and services. The company is also planning to launch new products and services, including a blood pressure watch and Oxygen saturation watch, in Q4 2023.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:46 pm

BILL

INTU

Intuit is launching a competing bill pay service, which will not renew its agreement with Bill.com. Customers using QuickBooks Online will have to access bill pay features through Bill.com.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:42 pm

Micron Technology has announced the availability of its CZ120 memory expansion modules to customers and partners. The modules, which come in 128GB and 256GB capacities, are designed to augment standard server systems when additional memory capacity and bandwidth is needed. The modules use Compute Express Link (CXL) standards and support the CXL 2.0 Type 3 standard. Micron has been developing and testing the modules on both Intel and AMD platforms. The modules allow servers to have more memory capacity and low latency, which can reduce capital and operating expenses for data center applications.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:16 pm

FOXO

FOXO Technologies and GERO have begun discussions to form a strategic collaboration aimed at developing an AI-driven recommendation engine. This news has led to an increase in FOXO Technologies' share price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:12 pm