Streetbeat News

Partnerships

LEEEF

LEEF Brands, Inc. has entered into a strategic partnership with Farming First Holdings, LLC. Under the agreement, Farming First will cultivate 27 acres of cannabis for LEEF, ensuring a steady supply of biomass material. LEEF also secured a right of first refusal on an additional 27 acres for the 2024 season. The company raised $600,000 through a note payable arrangement and $100,000 through the issuance of 4.7 million common shares.

Portfolio Pulse from Vuk Zdinjak

July 07, 2023 | 12:02 pm

NUZE

NuZee has entered into a five-year global licensing agreement with Stone Brewing. Under the agreement, NuZee will co-manufacture and distribute Stone Brewing specialty coffee products nationwide. The new product line is expected to launch in Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 11:33 am

RIVN

TSLA

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are set to gain for the 8th consecutive session, driven by strong Q2 deliveries and a charging partnership with Tesla, Inc. (NASDAQ:TSLA). Wedbush analyst Daniel Ives has maintained an Outperform rating on the stock and increased the price target from $25 to $30, suggesting a 36% upside from current levels. The upward price target adjustment reflects growing confidence in Rivian’s ability to meet or exceed delivery targets in the second half of the year and 2024.

Portfolio Pulse from Shanthi Rexaline

July 07, 2023 | 11:33 am

LLY

NVO

Novo Nordisk's weight-loss drug Wegovy has been successful but has side effects like severe nausea, leading to discontinuation by many users. This has sparked interest from investors and biotech companies to develop alternative weight-loss drugs with fewer side effects. Companies like Rivus Pharmaceuticals, Glyscend Therapeutics, and Antag Therapeutics are developing such alternatives. Major pharmaceutical companies like Novo Nordisk and Eli Lilly are also working on second-generation weight-loss drugs.

Portfolio Pulse from Vandana Singh

July 07, 2023 | 11:06 am

GOOGL

TSM

Google, a subsidiary of Alphabet Inc., has delayed the launch of its first fully-custom designed Tensor chipset to 2025, a year later than initially planned. The delay is due to a hold-up in the transition from Samsung to Taiwan Semiconductor Manufacturing Company (TSMC). As a result, Samsung will continue to manufacture Tensor chipsets until 2024. The first Pixel smartphone with a TSMC-made Tensor chipset will be the Pixel 10 series in 2025.

Portfolio Pulse from Rounak Jain

July 07, 2023 | 9:57 am

GRRR

Gorilla Technology has signed a $270 million contract with the Government of Egypt to implement a Smart Government Security Convergence solution. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 8:21 am

CMI

F

GM

HINOY

STLA

Several truck and engine manufacturers have partnered with the California Air Resources Board (CARB) to develop zero-emission vehicles. The partnership includes Cummins Inc, Daimler Truck North America, Ford Motor Company, General Motors Company, Hino Motors Ltd, Izuzu Technical Center of America, Navistar, Stellantis N.V., Truck and Engine Manufacturers Association, and Volvo Group North America. The companies have committed to adopting zero-emission tech in California, and CARB has agreed to provide a lead time of four years and three years of regulatory stability before imposing further requirements.

Portfolio Pulse from Anan Ashraf

July 07, 2023 | 6:08 am

AAPL

F

TSLA

Ford Motor Company (NYSE: F) is planning to introduce subscription services for its upcoming electric vehicles, a strategy influenced by Doug Field, a former employee of Apple Inc (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA). Field, who is now the Chief Advanced Product Development and Technology Officer at Ford, is leading the company's vehicle monetization strategy. This approach could allow Ford to generate longer-term revenue per customer by offering software and technology services through subscription models, similar to how Apple offers services for its iPhones.

Portfolio Pulse from Chris Katje

July 07, 2023 | 5:35 am

BEST

BEST Inc., a leading integrated smart supply chain solutions and logistics services provider, has partnered with VNPAY, a key player in Vietnam's digital payment ecosystem, to promote cashless payments in Vietnam. The collaboration aims to enhance the customer experience and increase operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 4:45 am

BIIB

The U.S. FDA has granted traditional approval to Leqembi (lecanemab), a drug for treating Alzheimer's Disease, developed by Eisai Inc. and Biogen Inc. Eisai and Biogen have been collaborating on the development and commercialization of Alzheimer's treatments since 2014. Biogen's shares were flat in Thursday's after-hours session after falling marginally by 0.31% to $284.99 during regular trading.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 9:08 pm