Streetbeat News

Partnerships

MSFT

Former OpenAI researcher Suchir Balaji has accused OpenAI of breaking copyright law, as reported by the New York Times. This could have implications for Microsoft, which has a significant investment in OpenAI.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 3:39 pm

AWH

Aspira Women's Health Inc. (NASDAQ:AWH) has been awarded $10 million over two years by ARPA-H to develop a multi-marker blood test for endometriosis. This funding will support the test's development and commercial launch, addressing critical challenges in women's health.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 3:25 pm

GE

ITA

LILM

NETZ

GE Aerospace has partnered with Lilium to enhance safety standards for eVTOLs, developing a Flight Data Monitoring program. This collaboration aims to support Lilium's upcoming commercial launch, with the first deliveries expected in 2026. GE's recent revenue growth and stock price increase reflect positive investor sentiment.

Portfolio Pulse from Lekha Gupta

October 23, 2024 | 3:23 pm

QS

QuantumScape Corp (NYSE:QS) is set to release its Q3 earnings report, with investors focusing on its cash runway, partnerships, and production updates. The company is advancing its QSE-5 solid-state battery prototype, aiming for mass production by 2025. A strategic partnership with Volkswagen's PowerCo is expected to extend its cash runway into 2028, providing financial flexibility. Investors will watch for updates on production timelines and financial outlook.

Portfolio Pulse from Henry Khederian

October 23, 2024 | 3:20 pm

BA

Boeing's CFO indicated that the free cash flow (FCF) for Q4 might resemble Q2's performance. The first half of the next year is expected to see cash usage, with a positive cash flow anticipated in the second half. A timing benefit from BCA customer advances reduced working capital significantly by the end of Q3. The CEO reaffirmed Boeing's commitment to the Spirit deal, despite challenges with BDS contracts.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 3:11 pm

RACE

SHEL

Ferrari N.V. has announced a multi-year renewal of its partnership with Shell, effective from January 1, 2026. This agreement covers Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 2:42 pm

BMY

EVO

Evotec SE shares rose due to advancements in its partnership with Bristol-Myers Squibb, focusing on molecular glue-based pipeline development. The partnership, which began in 2018, has led to significant payments and expanded its focus beyond oncology.

Portfolio Pulse from Nabaparna Bhattacharya

October 23, 2024 | 2:29 pm

STLA

Stellantis is integrating Factorial's solid-state batteries into a new fleet of Dodge Charger Daytona vehicles, set to be on the road by 2026. This move is part of Stellantis' strategy to advance EV technology, following a $75M investment in Factorial in 2021.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 2:03 pm

DEO

NKLA

DHL Supply Chain and Diageo are set to deploy two Nikola-manufactured Class 8 hydrogen fuel cell electric trucks at the Diageo campus in Illinois. These will be the first of their kind to operate daily in the state, supported by a HYLA modular refueler.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:30 pm

FTCI

FTC Solar's stock is rising following the announcement of a significant supply deal with Sandhills Energy, involving approximately 1GW of projects.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:24 pm