Streetbeat News

Partnerships

NBIX

VYGR

BMO Capital Markets has upgraded Neurocrine Biosciences Inc (NBIX) from Underperform to Market Perform, with a price target of $96, up from $91. The upgrade follows a survey of psychiatrists treating tardive dyskinesia, which increased BMO's confidence in the durability of Neurocrine's drug, Ingrezza. BMO also noted that Neurocrine's pipeline lacks strength and depth. Neurocrine and Voyager Therapeutics Inc (VYGR) formed a collaboration earlier this year to advance gene therapies for neurological diseases.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 7:12 pm

ROIV

Roivant Sciences is reportedly attracting interest from pharmaceutical companies for its Inflammatory Bowel Disease (IBD) treatment, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 6:43 pm

KULR

KULR Technology has won a NASA contract for 'Battery Cell Test Services', which has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 6:07 pm

KULR

KULR Technology has won a contract from NASA for 'Battery Cell Test Services.' The size of the contract has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 5:55 pm

NB

STLA

Stellantis NV (STLA) and NioCorp Developments Ltd (NB) have signed a Rare Earth Offtake Term Sheet to enter into a definitive rare earth supply agreement. This move supports Stellantis' commitment to build resilient supply chains and reach carbon net zero by 2038. The collaboration will also boost NioCorp's path to commercial production of magnetic rare earth oxides in the U.S. The term sheet also anticipates a possible strategic investment by Stellantis in NioCorp's Elk Creek critical minerals project.

Portfolio Pulse from Shivani Kumaresan

July 06, 2023 | 5:34 pm

LTBR

SMR

Lightbridge Corporation (NASDAQ:LTBR) announced that Texas A&M University has been awarded approximately $1M by the U.S. Department of Energy to study the performance of Lightbridge Fuel in a small modular reactor (SMR) designed by NuScale Power (NYSE:SMR). The study will be conducted over three years and will be funded entirely by the DOE. Structural Integrity Associates will perform the thermal evaluation of Lightbridge Fuel in the SMR using its PEGASUS simulation software.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 5:32 pm

PCRFY

STLA

TM

TSLA

WKSP

Stellantis N.V. (NYSE:STLA) unveiled its new EV platform, while Toyota Motor (NYSE:TM) promised to halve battery cost and size. Worksport Ltd (NASDAQ:WKSP) announced a strategic partnership to secure federal grants. Panasonic Holdings Corporation (OTC:PCRFY), a Tesla Inc (NASDAQ:TSLA) supplier, plans to build four more battery plants.

Portfolio Pulse from Upwallstreet

July 06, 2023 | 4:51 pm

SLB

Schlumberger N.V. (NYSE:SLB) has secured a five-year contract from Petrobras for the deployment of their Delfi digital platform across the enterprise. This contract represents Petrobras' largest investment in cloud-based technologies and is expected to enhance total operations production. The deal will facilitate Petrobras' digital transformation, including the transition of subsurface workflows to the cloud. SLB's Q1 2023 cash flow from operations was $330 million, compared to $131 million in Q1 2022.

Portfolio Pulse from Lekha Gupta

July 06, 2023 | 4:40 pm

AMD

TSM

AMD's CEO Lisa Su is planning a visit to Taiwan in mid-July with a priority to secure TSMC's available CoWoS packaging capacity, as per industry sources.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 4:31 pm

KSS

WOOF

Snoop Dogg's pet wear brand, Snoop Doggie Doggs, is expanding its retail presence with seven new partners, including Petco Health And Wellness Company Inc (NASDAQ:WOOF), PetSmart, and Kohl's Corporation (NYSE:KSS). The brand, which launched on its website and Amazon in late 2022, offers dog clothing, toys, and accessories. The company views these retail partnerships as a significant milestone in its expansion.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 4:16 pm