Streetbeat News

Partnerships

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 28, 2023 | 6:01 pm

OPK

PFE

Opko Health, Inc. (NASDAQ:OPK) shares are trading higher after the FDA approved NGENLA treatment for pediatric growth hormone deficiency, produced in partnership with Pfizer (NYSE:PFE). The treatment is expected to become available for U.S. prescribing in August 2023 and is already approved in more than 40 markets.

Portfolio Pulse from Ryan Gustafson

June 28, 2023 | 5:43 pm

LCID

Lucid Group Inc's shares are trading higher by 4.84% after the company announced a partnership with Aston Martin and an increase in stake by the Saudi Public Investment Fund. The fund acquired 265.7 million shares at a premium price of $6.83 per share, increasing its ownership stake to 60.49%. The partnership with Aston Martin involves Lucid supplying its electric vehicle powertrain and battery systems in contracts worth over $450 million.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 4:47 pm

LCID

Lucid Group shares are trading higher following the company's recent partnership announcement with Aston Martin. The Saudi Public Investment Fund has also increased its stake in the company through a recent private placement.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 4:23 pm

CRON

CURLF

A coalition of marijuana businesses and advocacy groups, including Curaleaf and Cronos Group, has launched a super PAC, Legalize America, to advance cannabis reform in the 2024 election and beyond. The PAC will use various tools to advance cannabis reform, including scorecards, endorsements, and targeted independent expenditure campaigns. The PAC will also seek partnerships with high-profile public figures and brands and explore options for customers to 'round up' their purchases, with the extra change going to the campaign as donations.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:32 pm

IVCGF

SVRE

SaverOne 2014 Ltd. (NASDAQ:SVRE) has signed an agreement with Iveco Group N.V. (OTC:IVCGF) to enhance road safety standards in the trucking industry. The collaboration will begin in Q4 2023. The agreement grants Iveco an exclusivity period of up to six months, during which SaverOne will not sell, develop, or manufacture its OEM solution for SaverOne's in-cabin Driver Distraction Prevention Solution (DDPS) with any other truck manufacturer.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 3:32 pm

EWU

MSFT

OpenAI has announced its first international expansion with a new office in London, UK. The London office will focus on advancing OpenAI's research and engineering capabilities, and will work closely with local communities and policy makers. OpenAI's CEO, Sam Altman, sees this expansion as an opportunity to attract world-class talent and drive innovation in AGI development and policy.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 3:31 pm

BABA

MA

TCEHY

V

Tencent Holding Ltd (TCEHY) and Alibaba Group Holding Limited (BABA) fintech affiliate Ant Group have extended support for linking international credit cards to their platforms, WeChat and Alipay respectively. This move is aimed at providing greater convenience for foreign tourists and expanding the usage of WeChat Pay and Alipay in China's market. Visa Inc (V) and Mastercard Inc (MA) are the credit card companies involved in this initiative.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 3:29 pm

CDNS

SSNLF

Cadence Design Systems (NASDAQ:CDNS) has delivered a complete, certified backside implementation flow to support Samsung Foundry's SF2 process node. This collaboration enables customers to leverage the Cadence digital full flow and corresponding process design kit (PDK) to speed next-generation mobile, automotive, AI and hyperscale chip design innovation. The flow has been validated with the completion of a successful 2nm test chip tapeout.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:47 pm

CP

CSX

Canadian Pacific Kansas City Ltd (CP) has issued new multi-year guidance as part of its FY23 Investor Day Presentation, with financial targets for 2024-2028 including high-single digit revenue CAGR and double-digit EPS CAGR. The company also announced a new direct interchange connection in Alabama with CSX Corporation (CSX) and Genesee & Wyoming Inc., which will establish a new freight corridor for shippers. CP shares are currently trading lower by 1.03%.

Portfolio Pulse from Akanksha Bakshi

June 28, 2023 | 2:28 pm