Streetbeat News

Partnerships

OKYO

OKYO Pharma has announced a new agreement with Tufts Medical Center to conduct a 40-patient open-label clinical trial evaluating the efficacy and safety of OK-101 in patients with neuropathic corneal pain. This has led to a rise in OKYO Pharma's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:19 pm

DLR

TPG

Digital Realty Trust Inc (DLR) reported better-than-expected Q2 2023 revenue of $1.37 billion, a 20% Y/Y growth. However, the company lowered its guidance for core FFO per share. DLR also announced a joint venture deal with TPG Inc's TPG Real Estate to sell its 80% stake in three data center buildings for about $1.3 billion. Following the results, BNP Paribas upgraded DLR's stock to Outperform from Neutral.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 5:11 pm

SYF

Synchrony Financial (NYSE:SYF) has expanded its partnership with plumbing and drain cleaning services provider, Roto-Rooter. The partnership aims to provide homeowners with new financing options for home repairs. The agreement is expected to empower Roto-Rooter business owners to provide flexible payment options to support immediate and urgent situations. Synchrony's shares are trading higher by 0.70% at $34.72.

Portfolio Pulse from Shivani Kumaresan

July 28, 2023 | 4:56 pm

AMZN

TWLO

Amazon has purchased 1.77 million shares in Twilio, causing Twilio's stock to trade higher. This follows the announcement of an extended strategic collaboration between Amazon Web Services (AWS) and Twilio, which will provide Twilio customers with advanced AI capabilities. Twilio's session volume also increased to 8 million, compared to the 100-day average of 5 million.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 4:48 pm

MSFT

NVDA

Microsoft has updated its annual report to highlight the importance of securing GPUs for its data centers, emphasizing the critical role of these units in its growing cloud business. The company has been increasing capital expenditures, including for GPUs, to meet the rising demand for cloud-based AI services. Microsoft has also signed an agreement with Nvidia-backed CoreWeave to secure enough capacity. The company is also speeding up the deployment of its own custom AI processor.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 3:38 pm

DLR

Digital Realty Trust reported better-than-expected Q2 revenue results, leading to a rise in its share prices. The company also announced a joint venture with TPG Real Estate.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 2:57 pm

AVCNF

Avicanna Inc. has announced its initial portfolio offering and network for the MyMedi.ca platform, set to launch in early August. The platform will offer a broad and diverse portfolio of products from brands including Organigram, Pure Sunfarms, Wana, The Green Organic Dutchman, and Medipharm Labs.

Portfolio Pulse from Vuk Zdinjak

July 28, 2023 | 2:34 pm

NIO

XPEV

NIO Inc's shares have risen by 28.3% over the past five sessions, trading higher due to China's recent measures to optimize its business environment. The company may also be benefiting from a framework agreement between peer Chinese EV maker XPeng Inc and Volkswagen. Volkswagen will acquire 4.99% of XPeng's outstanding share capital for $700 million.

Portfolio Pulse from Henry Khederian

July 28, 2023 | 2:32 pm

IWINF

Irwin Naturals Inc. is launching a line of cannabis tinctures in California through a licensing and supply agreement with The Hive Laboratory. The company plans to roll out a variety of CBD and THC products in the coming months. The new products will include a blend of the company's most popular formulas combined with THC and other cannabinoids in the form of capsules. The company's recent financial reports show stagnating Q1 FY23 revenue and a 10.8% decline in FY22 revenue.

Portfolio Pulse from Vuk Zdinjak

July 28, 2023 | 2:16 pm

TLRY

TUP

ULBI

URGN

VICR

Benzinga's Stock Whisper Index has identified five stocks that are currently under the radar but warrant attention. These include Tupperware Brands Corporation (TUP), which has seen a significant increase in share price due to high short interest and strong investor trading volume; UroGen Pharma (URGN), which reported positive topline data from two Phase 3 trials; Vicor Corp (VICR), which reported Q2 financial results that beat estimates and received an analyst upgrade; Tilray Brands (TLRY), which announced a renewed agreement with Great North Distributors; and Ultralife Corporation (ULBI), which reported Q2 financial results that beat estimates and a record backlog.

Portfolio Pulse from Chris Katje

July 28, 2023 | 1:57 pm