Streetbeat News

Partnerships

ARKB

BLK

Ark Invest, led by Cathie Wood, has teased potential investors about its Bitcoin ETF in partnership with 21Shares, following SEC's nod for its application. The firm is offering a fee waiver for the first six months or until the fund reaches $1 billion in AUM, with a reduced expense ratio of 0.21% thereafter. BlackRock has also cut fees for its iShares Bitcoin Trust to compete in the market. The SEC's decision on the Spot Bitcoin ETF approval is highly anticipated.

Portfolio Pulse from Mehab Qureshi

January 11, 2024 | 7:48 am

ACIW

ACI Worldwide (NASDAQ:ACIW), a leader in real-time payments software, has announced the successful migration of Co-op's payments and fraud prevention technology to ACI's cloud platform on Microsoft Azure. This move leverages ACI's Payments Orchestration Platform for in-store, online, and mobile transactions, enhancing Co-op's operational efficiency, scalability, security, and data protection. The migration aligns with ACI's strategic alliance with Microsoft to offer cloud-based payment solutions.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:10 am

LGND

Henlius and Sermonix have entered into strategic collaboration and exclusive license agreements for the novel endocrine therapy Lasofoxifene. The terms of the agreements and the financial details have not been disclosed in the article. Lasofoxifene is a therapy that could potentially address unmet medical needs in areas such as breast cancer and osteoporosis. The collaboration could lead to advancements in treatment options and benefit patients with these conditions.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 6:44 am

ARKW

TSLA

Elon Musk, CEO of Tesla and SpaceX, discussed Bitcoin during an X Space event, expressing openness to using Bitcoin on X but maintaining a passive stance towards it. He compared Bitcoin to gold and noted it's not suitable for payments. Musk revealed personal holdings in Dogecoin and SpaceX's investment in Bitcoin. The SEC approved the ARK 21Shares Bitcoin ETF, which will start trading with a reduced expense ratio and a fee waiver incentive. Musk also commented on Dogecoin in response to the SEC's tweet about Bitcoin Spot ETFs. Bitcoin's value rose to $47,500 following the news.

Portfolio Pulse from Mehab Qureshi

January 11, 2024 | 4:52 am

MSFT

Larian Studios has announced that Microsoft Corp. (NASDAQ:MSFT) will address a save bug in Baldur's Gate 3 on Xbox with a firmware update scheduled for Jan. 16. The bug caused missing save games and has been identified by Microsoft for a fix. Larian Studios also released a hotfix for the game and is committed to ongoing updates. Additionally, Larian's Studio Head Swen Vincke teased a new RPG project, hinting at progress on its Act 1 narrative after months of writing, but no immediate announcement is planned.

Portfolio Pulse from Franca Quarneti

January 11, 2024 | 12:07 am

HRZN

Horizon Technology Finance Corporation (HRZN) reported a strong Q4 2023 with $63.4 million in new loans originated and a committed backlog of $218 million. HRZN completed its first co-investment with Monroe Capital and received $48 million in loan payoffs and partial paydowns. The company closed new loan commitments totaling $89.4 million and holds a warrant and equity portfolio in 103 companies, indicating potential for future returns.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:20 pm

PEAK

Healthpeak Properties has formed a joint venture with Breakthrough Properties by selling a 65% interest in the Callan Ridge lab campus. The deal values the property at $236 million, equating to $1,275 per square foot, and is based on a stabilized cash capitalization rate of 5.3% from an initial annual rental rate of about $67 per square foot.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:17 pm

RCEL

AVITA Medical has entered into an exclusive distribution agreement with Stedical Scientific for the PermeaDerm Biosynthetic Wound Matrix in the United States. This agreement could potentially enhance AVITA's market presence in the US wound care market by providing a new product offering.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:04 pm

NCBDY

Brian Cox, known for his role in Succession, has partnered with Bandai Namco Holdings ADR (OTC:NCBDY) to narrate a five-minute recap of the Tekken series for newcomers, ahead of the release of 'Tekken 8'. The humorous recap simplifies the game's complex narrative, focusing on the theme of characters throwing each other off cliffs. The promotional video has been well-received, with fans enjoying the connection between Tekken's themes and Cox's portrayal of Logan Roy in Succession. Celebrity involvement in video game promotions is highlighted, with 'Tekken 8' set to release on January 26.

Portfolio Pulse from Franca Quarneti

January 10, 2024 | 8:53 pm

BYDDY

F

GM

HMC

HYMTF

NSANY

TSLA

In Q4 2023, BYD Company Limited (OTC:BYDDY) outsold Tesla Inc (NASDAQ:TSLA) in EV sales for the first time, although Tesla met its annual goal with 1.8 million deliveries. Hyundai Motor Group (OTC:HYMTF) surpassed GM (NYSE:GM) and Ford (NYSE:F) in U.S. EV sales, with Hyundai and Kia gaining 7.5% of the U.S. market. Honda Motor Co Ltd (NYSE:HMC) and Nissan Motor Group Co Ltd (OTC:NSANY) also reported increased sales. Honda is considering a new EV plant in Canada and has partnered with GM for affordable EVs. Nissan is expanding its global EV presence and focusing on R&D with Tsinghua University.

Portfolio Pulse from Upwallstreet

January 10, 2024 | 8:52 pm