Streetbeat News

Partnerships

TGTX

TG Therapeutics Inc's shares have dropped over 40% after reporting Q2 FY23 Briumvi net sales of $16 million in the U.S., missing the consensus of $17.45 million. The company also reported a Q2 EPS loss of $(0.34), up from $(0.30) a year ago, missing the consensus of $(0.25). Concurrently, the company announced an agreement with Neuraxpharm for the ex-U.S. commercialization of Briumvi in RMS, which strengthens the balance sheet with a pro-forma cash balance of approximately $285 million.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 9:46 am

MYCOF

Jamaica-based Rose Hill, a cultivator, supplier, and exporter of premium psilocybin products, has launched its first wellness retreat program, ONE Retreats, and its vegan psilocybin gummies, PATOO. The company operates through three main channels: science and R&D, its legal psychedelic CPG line PATOO, and ONE Retreats. Rose Hill has an ongoing export contract with clinical-stage company Mydecine Innovations (OTC:MYCOF) since March 2021 and is planning to apply for a manufacturing and services license in Oregon.

Portfolio Pulse from Lara Goldstein

August 04, 2023 | 9:24 am

AMZN

RXT

Rackspace Technology (RXT) has announced a significant expansion of their relationship with Amazon Web Services (AWS). The companies are launching Foundry for AI by Rackspace (FAIR) for AWS, aimed at accelerating the secure and sustainable adoption of AI solutions across various industries. The partnership is expected to help revolutionize industries, redefine problem-solving approaches, and unlock new possibilities for organizations worldwide.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:24 am

ABVC

ABVC BioPharma, Inc. (NASDAQ:ABVC) shares surged after the company announced a legally binding term sheet with Chinese pharmaceutical company, Xinnovation Therapeutics Co., Ltd. The agreement allows for licensing fee income of $20 million and royalty income of 5% to 12% of net sales for ABVC BioPharma. The company also recently closed a registered direct offering where a single institutional investor acquired $1.75 million worth of the company's common stock.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 9:23 am

SBUX

Starbucks Corporation (NASDAQ:SBUX) is set to report its Q3 financial results. Analysts expect Q3 revenue of $9.29 billion and earnings of 95 cents per share. The company has beaten revenue estimates in five of the last six quarters and earnings per share estimates in three of the last four quarters. Analysts have updated their ratings and price targets ahead of the report. Key items to watch include the company's international segment and the impact of its partnership with K-pop group BLACKPINK.

Portfolio Pulse from Chris Katje

August 04, 2023 | 9:23 am

EVGO

GM

EVgo Inc. (NASDAQ:EVGO) and General Motors (GM) have surpassed 1,000 fast charging stalls as part of their collaboration to expand fast charging infrastructure. The collaboration aims to develop and install 3,250 DC fast charging stalls in major metro markets. The companies have opened fast charging stalls across nearly 230 locations in 39 markets covering 27 states. They are also working together to improve reliability and enhance customer experience through a comprehensive action-oriented plan.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:21 am

SOBR

SOBR Safe, Inc. (NASDAQ:SOBR), a provider of transdermal alcohol detection solutions, has signed a software as a service (SaaS) agreement with ridesharing company RUBI. The agreement will see SOBR Safe's wearable alcohol monitoring device, SOBRsure, integrated into RUBI's service, making it the first ridesharing service to verify in real time that its drivers are alcohol-free. RUBI is currently integrating SOBRsure into its home market of Washington D.C., Maryland, and Northern Virginia, with plans to expand to additional markets.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:15 am

AAL

JBLU

JetBlue Airways CEO anticipates the most significant impact of the termination of its alliance with American Airlines to occur in Q4.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:09 am

BB

BlackBerry Ltd (NYSE:BB) shares are rising after the company announced that Mobility In Harmony (MIH), a Foxconn-initiated group, has chosen BlackBerry to provide the foundation for its next-generation electric vehicle platform. MIH plans to use BlackBerry's software and services, including BlackBerry QNX and BlackBerry IVY, for its unique modular design approach to EVs. BlackBerry is also set to participate in upcoming investor events.

Portfolio Pulse from Adam Eckert

August 01, 2023 | 3:32 pm

XOS

Xos, Inc. (NASDAQ:XOS) has secured a purchase order for 30 additional 2023 Xos SV Stepvans from repeat customer UniFirst Corporation. This order is part of UniFirst's Memorandum of Understanding to purchase 200 vehicles from Xos. Deliveries are expected to take place between Q4 2023 and Q1 2024. Xos Energy Solutions will also support charging infrastructure for UniFirst's Ontario, CA location.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 2:31 pm