Streetbeat News

Partnerships

ARBE

Arbe, a leading provider of next-generation 4D Imaging Radar Solutions, has received a preliminary order of $11.6M for radar chipsets and a $1M order for professional services from Weifu High Technology Group, a leading Chinese Tier 1 supplier. The orders are intended to meet Weifu's sales projections for 2024.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:04 pm

BABA

META

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher amid a positive week that included a collaboration with Meta Platforms Inc (NASDAQ:META) and Ant Group on artificial intelligence, and a focus on its initial public offering. Alibaba also collaborated with Tencent Holdings Ltd (OTC: TCEHY) to promote their flagship brands, focusing on online shopping and esports. However, Alibaba's China commerce business has suffered from weak retail sales nationwide, with revenue falling by 3% year-on-year in the March quarter.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 11:37 am

TEF

VOD

Telefonica has reportedly approached Vodafone for a potential broadband deal in Spain, according to Bloomberg. No further details about the deal have been disclosed.

Portfolio Pulse from Charles Gross

July 28, 2023 | 11:22 am

AZN

IONS

Ionis Pharmaceuticals has expanded its existing collaboration with AstraZeneca to include exclusive rights for AstraZeneca to commercialize Eplontersen in Latin America. The two companies will continue to jointly develop and commercialize Eplontersen in the U.S.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:08 am

OKYO

OKYO Pharma has announced a new agreement with Tufts Medical Center to conduct a 40-patient open-label trial evaluating the efficacy and safety of OK-101 in patients with neuropathic corneal pain. The investigational new drug is planned to be filed in Q4 of 2023.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:03 am

IFNNY

SEDG

Infineon Technologies (IFNNY) and SolarEdge Technologies (SEDG) have signed a multi-year capacity reservation supplier agreement to promote green energy solutions. The details of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:23 am

SIGA

SIGA Technologies Inc. has secured a $138 million contract from the US government for oral and IV TPOXX treatment. This news has led to an increase in the company's share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 9:25 pm

MED

Medifast (NYSE:MED) has announced the launch of a new product line, OPTAVIA ACTIVE, marking its entry into the $30B sports nutrition market. The line includes premium exercise supplements and protein powders, with more products expected next year. The company has also partnered with fitness app Aaptiv to provide guided workouts. The new product line will be launched to the public in September 2023.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:17 pm

TSLA

Panasonic, a partner of Tesla, is considering supplying electric vehicle (EV) batteries to Subaru, according to Nikkei Asia. This move could potentially diversify Panasonic's customer base and reduce its dependency on Tesla.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:16 pm

AFLYY

AFRAF

APO

Apollo Global Management is in exclusive talks to provide a €1.5 billion capital solution to Air France-KLM's Flying Blue Loyalty Program. This follows two previous investments Apollo arranged for Air France-KLM entities in the past year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:49 pm