Streetbeat News

Partnerships

MSFT

SPLK

Splunk and Microsoft have announced a collaboration to build Splunk's enterprise security and observability offerings on Microsoft Azure. This partnership aims to provide customers with enhanced capabilities to manage and secure their digital landscapes.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:28 am

BLK

BlackRock has announced that Amin H. Nasser, CEO of Saudi Arabian oil giant Aramco, is joining its board of directors. The move reflects BlackRock's emphasis on the Middle East as part of its long-term strategy. BlackRock managed more than $8 trillion client assets as of 2022.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 9:19 pm

HUGE

SYNH

FSD Pharma has announced that an arbitration panel found Syneos Health to have failed in using commercially reasonable efforts in conducting a trial for FSD 201.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 9:07 pm

PSFE

Paysafe Limited (NYSE:PSFE) announced a new partnership with micro-betting app Betr, allowing players in Ohio and Massachusetts to securely deposit funds into their account using a range of payment methods. The news led to a 4.41% increase in PSFE shares on Monday.

Portfolio Pulse from Ryan Gustafson

July 17, 2023 | 9:00 pm

ENDPQ

PINC

Endo International plc (OTC:ENDPQ) and Premier, Inc. (NASDAQ:PINC) have announced a collaboration to address the shortage of Pitocin, a critical labor and delivery drug. Endo's Par Sterile Products business will supply Pitocin vials through Premier's ProvideGx and PremierProRx programs. The partnership aims to provide a stable product supply and enhance pricing predictability.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:32 pm

DLR

Digital Realty (DLR) has announced a joint venture with GI Partners, selling a 65% interest in two hyperscale data center buildings in Chicago. DLR will receive approximately $743 million from the deal and will maintain a 35% interest in the joint venture while managing operations. The company also granted GI Partners an option to purchase an interest in a third facility. The proceeds will be used to pay down debt and for general corporate purposes.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:09 pm

MDWD

MediWound Ltd. has signed a scale-up agreement with Biopharmax Group Ltd. to establish a state-of-the-art manufacturing facility and increase production capacity to meet the growing global demand for Nexobrid. An estimated $12M will be invested in the project.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:05 pm

MDWD

MediWound Ltd. has signed a scale-up agreement with Biopharmax Group Ltd. to establish a state-of-the-art manufacturing facility and increase production capacity to meet the growing global demand for Nexobrid. An estimated $12M will be invested in the project.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:05 pm

DV

META

JMP Securities analyst Andrew Boone has raised the price target on DoubleVerify Holdings Inc (DV) to $45 from $35, reiterating Market Outperform. Boone sees a $90 million opportunity in the anticipated verification launch by Meta Platforms Inc (META) and DoubleVerify by the end of 2023. However, due to uncertainty around the rollout, only $40 million of this has been incorporated into 2024 projections. Boone expects the contribution margin for Meta brand safety revenue to be at least 80%.

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 7:07 pm

AAVEUSD

AVAXUSD

ETHUSD

LINK

MATICUSD

SNXUSD

Chainlink has launched its Cross-Chain Interoperability Protocol (CCIP) on Ethereum, Optimism, Polygon, and Avalanche blockchains. The protocol is designed to facilitate the development of cross-chain applications and services. Major DeFi protocols such as Synthetix and Aave are adopting the protocol. CCIP provides developers with the flexibility to build their own cross-chain solutions and enables protocols to transfer tokens across chains quickly and securely.

Portfolio Pulse from Murtuza Merchant

July 17, 2023 | 6:51 pm