Streetbeat News

Partnerships

PLTR

Palantir Technologies Inc. has been selected by the Defense Information Systems Agency (DISA) to support coordination between federal and commercial licensees of the 3450 - 3550 MHz spectrum band. Palantir's software will be used to automate workflows, reduce timelines for licensee coordination with the Department of Defense, and enable deployment of 5G wireless services.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 8:06 pm

PAAS

RIO

Rio Tinto has agreed to acquire PanAmerican Silver's 57.74% stake in Agua de la Falda for $45 million and 100% of the Meridian Property for $550,000. Rio Tinto will also enter a joint venture with Codelco to explore and potentially develop Agua de la Falda's assets. The joint venture builds on a previous collaboration agreement between Rio Tinto and Codelco aimed at improving safety, productivity, and ESG outcomes.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 7:50 pm

NKLA

Nikola Corporation's shares are trading higher following the announcement by JB Hunt that it will purchase 13 trucks from the company.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:35 pm

AAPL

INDA

Apple's main supplier, Foxconn Technology Group, is planning to invest $500 million to build two component factories in India, diversifying from China. At least one factory will produce Apple parts, including for iPhones. A formal announcement is expected this week.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 6:22 pm

ALNY

AZN

IONS

Citi analyst has upgraded Ionis Pharmaceuticals Inc (IONS) from Neutral to Buy with a price target of $60, up from $36, due to key pipeline developments. Ionis recently completed enrollment in Phase 3 CARDIO-TTRansform study of eplontersen and expanded its collaboration with AstraZeneca (AZN) for commercialization of eplontersen in Latin America. The FDA decision for eplontersen is expected by YE2023. The analyst also shows interest in donidalorsen for HAE, with a pivotal Phase 3 readout expected in the first half of 2024.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 5:55 pm

TSLA

VWAGY

XOM

Exxon Mobil Corp is in discussions with Tesla Inc, Ford Motor Co, and Volkswagen AG to supply lithium, a key component in electric vehicle (EV) batteries, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 5:47 pm

ANAB

GSK

AnaptysBio, Inc. (NASDAQ:ANAB) and GSK have received FDA approval for their immuno-oncology treatment, JEMPERLI, in combination with chemotherapy for the treatment of dMMR/MSI-H primary advanced or recurrent endometrial cancer. This is the first such treatment approved in the frontline setting for this patient population. The approval could significantly drive JEMPERLI royalties. AnaptysBio is entitled to receive milestones and tiered royalties of 8% for net sales of JEMPERLI below $1 billion and 12% up to 25% of net sales above $1 billion.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 5:37 pm

ACHR

Archer Aviation Inc (NYSE:ACHR) shares are trading higher after the company announced new contracts with the U.S. Air Force, valued at up to $142 million. The contracts include the delivery of up to six of Archer's Midnight aircraft, sharing of additional flight test data, pilot training, and maintenance and repair operations development. Archer has been in partnership with the Department of Defense since 2021 through the Air Force's AFWERX program.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 5:13 pm

ACHR

AMC

GDRX

NEWR

NKLA

SOFI

SYM

Several US stocks recorded gains on Monday, with Archer Aviation, GoodRx Holdings, Fifth Wall Acquisition Corp., Xiao-I Corporation, Symbotic, SoFi Technologies, Nikola Corporation, Innoviz Technologies, Aurora Acquisition Corp., Canoo, 2U, Faraday Future Intelligent Electric, New Relic, Palantir Technologies, AMC Entertainment Holdings, BlackBerry, and Roku all seeing significant increases. Notable events include Archer Aviation's contracts with the US Air Force, GoodRx's upgrade by TD Cowen, Symbotic and SoFi's better-than-expected results, Nikola's agreement with J.B. Hunt Transport, New Relic's acquisition by Francisco Partners and TPG, and AMC's record admissions revenue.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 4:13 pm

UPWK

Upwork Inc (NASDAQ:UPWK) has partnered with AI research and deployment company OpenAI to provide OpenAI Experts on Upwork. The initiative will offer OpenAI customers and other businesses direct access to independent professionals experienced in working with OpenAI technologies. The program will also draw from the 250 unique AI skills available on Upwork, including GPT-4, Whisper, and AI model integration.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 3:59 pm