Streetbeat News

Partnerships

EVO

Evotec SE announced that it will receive a €2m milestone payment from Bayer AG, triggered by the first patient dosed in the Phase I study of a kidney disease programme. The drug candidate, a monoclonal antibody targeting the protein Semaphorin-3A, is being developed as a potential treatment for Alport syndrome, a rare genetic kidney disease.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 7:19 am

MYNZ

Mainz Biomed NV (NASDAQ:MYNZ), a molecular genetics diagnostic company, has secured a $50 million Pre-Paid Advance Agreement (PPA) with Yorkville Advisors Global, LP, a global investment management firm. In addition, the company and Yorkville have entered into a $5.5 million Promissory Note, with approximately $5.0 million funded at closing.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 7:18 am

AMZN

CRM

GOOG

IBM

META

TWTR

Twitter's CEO Linda Yaccarino is planning to reshape the social media platform by introducing innovative strategies to win back advertisers and confront Meta Platforms Inc.'s new decentralized platform. Twitter plans to launch full-screen, sound-on video ads and is testing a new ad format. Yaccarino also plans to attract celebrities, political figures, and content creators to the platform to attract more advertising. She is also expected to invest in rebuilding Twitter’s advertising, sales and partnership team and is in discussions for a potential broader partnership with Google. Yaccarino also aims to renegotiate contracts with Amazon.com, Inc., Salesforce and IBM.

Portfolio Pulse from Ananya Gairola

June 29, 2023 | 6:29 am

BAC

JOBY

OSTK

TSLA

U.S. stocks traded mixed with Dow Jones dropping around 70 points and NASDAQ rising 0.27%. Micron Technology's stock rose 0.42% due to better-than-expected Q3 results. Joby Aviation's stock soared 40.22% after receiving a permit for flight testing of its first production prototype. Tesla's stock rose 2.41% after Volvo joined Tesla’s charging network. Bank of America's stock fell 0.60% despite passing the 2023 stress test conducted by the Federal Reserve. Overstock.com's stock rose 6.11% for reasons yet to be identified.

Portfolio Pulse from Benzinga Newsbot

June 29, 2023 | 12:49 am

PARA

WBD

Portfolio Pulse from Chris Katje

June 28, 2023 | 10:11 pm

FIGR

FTTUSD

Crypto exchange FTX is planning to reestablish its principal international exchange platform after allegations of losing nearly $9 billion of client funds led to its bankruptcy last year. The company is in preliminary discussions with potential investors, including blockchain technology firm Figure, to support the revival of FTX.com. FTX has not indicated any intentions of reviving its U.S. exchange.

Portfolio Pulse from Murtuza Merchant

June 28, 2023 | 10:01 pm

AMZN

WMT

LeafLink and Leafgistics are partnering to streamline the cannabis supply chain, aiming to bring standardization to the industry. Leafgistics provides a centralized distribution solution, handling tasks such as scheduling, consolidation, and labeling. The partnership with LeafLink offers solutions for retailers and brands to streamline the ordering process and provide real-time visibility of inventory. The companies' executives, with backgrounds in supply chain technology at Amazon and Walmart, and reverse logistics for Macy’s and Foot Locker, see parallels between their past endeavors and the cannabis industry.

Portfolio Pulse from Nicolás Jose Rodriguez

June 28, 2023 | 9:12 pm

DNA

Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) shares traded higher after the company announced that Voodoo Scientific will use Ginkgo's Enzyme Services to optimize an enzymatic solution for distillers to produce ultra-premium spirits. Voodoo's solution manages the harsh sensation produced by most distilled alcoholic beverages. Ginkgo will use its expertise in protein discovery and design to advance the crucial enzyme required for Voodoo's product.

Portfolio Pulse from Ryan Gustafson

June 28, 2023 | 8:49 pm

IGT

International Game Technology (IGT) has secured a four-year transition agreement to continue providing technology and services to Loterie Nationale Belgium. The deal extends IGT's existing relationship with the Belgian lottery operator.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:46 pm

IAC

NWS

NYT

Publishers including IAC, News Corp, and New York Times are considering forming a coalition to address the impact of AI, according to the Wall Street Journal. The move is seen as a response to the increasing influence of AI on content creation and distribution.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:25 pm