Streetbeat News

Partnerships

CAH

NAVB

Navidea Biopharmaceuticals (NYSE:NAVB) has received a $7.5 million cash payment from Cardinal Health (NYSE:CAH) after amending their Asset Purchase Agreement. The payment provides immediate capital for Navidea's Phase IIb and Phase III trials and related operations.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:37 pm

IRNT

IronNet shares are trading higher after a joint venture affiliated with C5 proposed funding for operation shortfalls, management changes, and steps to remove the company from public securities markets.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:33 pm

ADBE

GOOG

GOOGL

MSFT

NWSA

NYT

OpenAI, Google, Microsoft, and Adobe are in talks with major media outlets, including News Corp, Axel Springer, New York Times, and The Guardian, to negotiate subscription deals for using news content to train AI technology. The deals aim to address copyright issues and establish a pricing model for using news content as training data for AI models.

Portfolio Pulse from Anusuya Lahiri

June 16, 2023 | 6:20 pm

ENS

Oppenheimer analyst Noah Kaye reiterated an Outperform rating on EnerSys (NYSE:ENS) and raised the price target from $110 to $119. The company aims to double EPS in four years through growth acceleration and improving mix/OpEx leverage. ENS announced an MoU with Verkor to develop a domestic Li-ion gigafactory.

Portfolio Pulse from Shivani Kumaresan

June 16, 2023 | 6:08 pm

WWE

WWE has announced a quarterly dividend of $0.12 per share and is currently at a support level of $100. The company recently partnered with Twitch, reflecting its innovation and ambition. If momentum builds, the stock could potentially break the all-time high of $110.

Portfolio Pulse from Zaheer Anwari

June 16, 2023 | 5:54 pm

ARNC

The Department of Defense (DoD) has entered a $45.5 million agreement with Arconic to expand domestic manufacturing and strengthen US missiles and munitions supply chains.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 5:54 pm

GNUS

Kartoon Studios announced on Twitter that Shaquille O'Neal has joined the Genius Brands (GNUS) family, causing the company's shares to move higher.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 5:29 pm

NUMIF

Numinus Wellness Inc. (OTC:NUMIF) has partnered with the Multidisciplinary Association for Psychedelic Studies (MAPS) to conduct a Phase 1 clinical study on MDMA-assisted therapy. The trial aims to provide practitioners with unique experiential opportunities, pending approval of their Clinical Trial Application (CTA) by Health Canada.

Portfolio Pulse from The Dales Report

June 16, 2023 | 5:06 pm

SPR

Spirit Aerosystems has reached a tentative four-year contract agreement with the Machinists Union at its Wichita, Kansas-based plant.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 4:53 pm

EWG

INTC

Germany is close to providing Intel with €10bn in subsidies to build a €20bn chip plant in Magdeburg, aiming to reduce reliance on Asian semiconductor suppliers. Intel also announced plans to build a $4.6bn semiconductor assembly and testing plant in Poland.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 4:27 pm