Streetbeat News

Partnerships

AAPL

NOK

Nokia and Apple have signed a long-term patent license agreement. The details of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 8:19 pm

AAPL

AXP

GS

Goldman Sachs is reportedly in discussions to transfer its Apple partnership to American Express. This includes the Apple Credit Card and Savings Account.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 8:15 pm

PNRG

PrimeEnergy Resources Corporation (NASDAQ:PNRG) has been added to the Russell 2000 Index, effective from June 26, 2023. The company has recently added the first production from 18 wells completed in 2023 and has 7 additional wells in various stages of completion activities with ConocoPhillips Corporation and Apache Corporation. PrimeEnergy has a revolving line of credit of $60 million, which is totally undrawn as of June 30, 2023.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 8:02 pm

APLD

Applied Digital Corporation has announced a collaboration with HPE to deliver AI cloud services, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 7:43 pm

CNTG

CENTOGENE (CNTG) shares are trading higher following the announcement of a joint venture with Lifera in Saudi Arabia. The deal includes a $30 million mandatory convertible loan from Lifera to CENTOGENE.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 7:39 pm

BNTX

PFE

The European Commission has partnered with Pfizer Inc and various European pharmaceutical companies to secure the capacity to produce up to 325 million vaccines annually for potential future global health crises. Pfizer's plants in Ireland and Belgium have been chosen to reserve mRNA vaccine production capacity. The agreement also includes monitoring supply chains and maintaining facilities in a state of readiness. However, concerns have been raised about potential 'vaccine apartheid'.

Portfolio Pulse from Vandana Singh

June 30, 2023 | 6:06 pm

C

FTTUSD

XRPUSD

Citigroup Inc. is reassessing its digital asset custody partnership with Metaco, a Swiss fintech firm, following Metaco's acquisition by Ripple Labs Inc. for $250 million. Ripple Labs is currently involved in a legal battle with the U.S. Securities and Exchange Commission. It is unclear if Citigroup's reassessment is related to the acquisition. Meanwhile, EDX Markets, a crypto exchange backed by Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp., has decided not to use Paxos as a custodian.

Portfolio Pulse from Murtuza Merchant

June 30, 2023 | 5:54 pm

IONQ

IonQ, Inc. (NYSE:IONQ) announced a Memorandum of Understanding (MOU) with South Korea's Ministry of Science and ICT to support an education and leadership program for technology professionals and assist with the implementation of a local quantum ecosystem. The company's shares are trading 1.77% higher at $13.77 following the announcement.

Portfolio Pulse from Erica Kollmann

June 30, 2023 | 5:01 pm

ACHC

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has formed a joint venture with SolutionHealth to build a 144-bed behavioral health hospital in southeast New Hampshire. The project, which expands Acadia's acute service line into a new state, will be supported by $15 million in state funding from the New Hampshire Department of Health and Human Services. This marks the 19th joint venture partnership for Acadia.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:17 pm

ATXG

Addentax Group Corp. (NASDAQ:ATXG) is partnering with Games-as-a-Service firms to develop Artificial Intelligence Online Operational Tools. The project aims to refine and update content within online games. The company reported that these tools have contributed to significant revenue growth in popular games. ATXG shares are trading higher by 14.15% to $7.50.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 3:41 pm