Streetbeat News

Partnerships

BABA

META

Alibaba's stock is trading higher following the launch of its open-source large language models, intensifying competition with Meta Platforms. The market is gauging the impact of growth-boosting measures on China's economy. Ant Group, an affiliate of Alibaba, is preparing to offload a chunk of its Paytm shares amid escalating geopolitical tensions between India and China. Paytm founder Vijay Shekhar Sharma will acquire a 10.3% stake from Ant Group, making him the company's biggest shareholder.

Portfolio Pulse from Anusuya Lahiri

August 07, 2023 | 12:29 pm

XSHLF

XS Financial Inc. has provided $7.6 million in CAPEX and equipment financing to PharmaCann Inc. This new lease will support PharmaCann's growth plans in its eight-state footprint. The deal is a testament to XS Financial's commitment to the cannabis industry and its dedication to supporting top-tier operators.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 12:17 pm

BIMI

BIMI International Medical Inc. (NASDAQ:BIMI) has announced a strategic partnership between its subsidiary, Phenix Bio Inc., and China Duty Free Group (CDFG). The agreement, effective from August 1, 2023, allows CDFG to distribute Phenix's healthcare products across its retail stores for a year. The partnership aims to improve the accessibility of dietary supplements to China's growing population and expand BIMI and Phenix's footprint in the Asian market.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:09 pm

NEPT

Neptune Wellness Solutions Inc. has announced the second phase of its review process, which will consider all available alternatives, including the monetization of assets, partnerships, and/or acquisition of the remaining parts of Sprout Organics through an equity/debt transaction.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:04 pm

KULR

KULR Technology Group has partnered with a leading provider of drone-powered package delivery services to develop high-capacity lithium battery packs. The partnership aims to enhance the safety and efficiency of drone deliveries.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:03 pm

PACB

PacBio and GeneDx have initiated a research collaboration with the University of Washington to study the use of long-read whole genome sequencing (WGS) for improved diagnostic yield in neonatal care. The study aims to identify genetic variants that are difficult to detect with short-read sequencing methods.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:01 pm

DNA

Ginkgo Bioworks has announced a collaboration with Merck to improve biologic manufacturing, leading to a rise in Ginkgo Bioworks' shares.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:48 am

OXAC

Oxbridge Acquisition Corp. has entered into a Forward Purchase Agreement with Meteora Capital Partners, Meteora Select Trading Opportunities Master, and Meteora Strategic Capital for OTC Equity Prepaid Forward Transactions. The agreement allows Meteora to purchase up to 1,186,952 Class A ordinary shares of Oxbridge, with the caveat that Meteora's ownership should not exceed 9.9% of the total Oxbridge shares outstanding, unless waived by Meteora.

Portfolio Pulse from Charles Gross

August 07, 2023 | 11:38 am

PTN

Palatin has announced a partnership with UpScriptHealth to make its product Vyleesi available on UpScriptHealth's telehealth platform. This move is expected to increase the accessibility of Vyleesi to patients.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:34 am

DNA

MRK

Ginkgo Bioworks has entered into a new collaboration with Merck, with the potential to receive up to $490 million in various fees and payments. The collaboration is focused on improving biologic manufacturing.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:05 am