Streetbeat News

Partnerships

COIN

HSBC

SCBFY

Hong Kong's banking regulator has urged banks, including HSBC and Standard Chartered, to take on crypto exchanges as clients despite recent collapses. The regulator wants banks not to burden potential customers with due diligence, especially those setting up an office in Hong Kong.

Portfolio Pulse from Anusuya Lahiri

June 15, 2023 | 11:35 am

BABA

NVDA

Nvidia has secured over $1 billion in GPU orders from major Chinese internet companies ByteDance and Alibaba for their cloud computing businesses. The orders from ByteDance alone in 2023 might reach the total number of commercial GPUs Nvidia sold in China in 2022.

Portfolio Pulse from Anusuya Lahiri

June 15, 2023 | 11:32 am

KPRX

Kiora Pharmaceuticals and Sentrx Animal Care have amended their existing manufacturing licensing agreement for KIO-201, eliminating $4.75M in near-term milestones Kiora would have owed to Sentrx. Sentrx gains access to Kiora's patents for the combination of KIO-201 and antibiotics for veterinary use, while Kiora will receive a royalty on net sales of products covered by licensed patents.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:16 am

AUVI

Applied UV has retained Quantiva to integrate AI and machine learning capabilities into its PURONet and Airocide systems, aiming to enhance their performance and efficiency.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:14 am

GNS

Genius Group Limited (NYSE:GNS) has partnered with Vatom to launch Genius Metaversity, a virtual reality learning environment for educational courses and summits in the Metaverse.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:13 am

BYDDF

CYN

Cyngn Inc. (NASDAQ:CYN), an AI-powered autonomous driving solutions developer, announced significant progress in adapting DriveMod for autonomous forklifts. The development is part of an ongoing paid contract with a building materials industry end-user, using an electric BYD forklift.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:12 am

GIB

CGI (NYSE:GIB) has been awarded a contract under the European Space Agency's 4S programme to lead the development of a cloud-based Universal Virtual Flight Data Recorder (UVFDR). The system will replicate the function of a traditional flight data recorder in a virtual environment, allowing immediate access to data in case of emergencies.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:08 am

DXC

NOK

Nokia partners with DXC Technology to launch DXC Signal Private LTE and 5G Solution, targeting market segments such as manufacturing, energy, healthcare, supply chain and logistics, transportation, and education.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 11:05 am

ABBV

CHRS

Coherus Biosciences received a notice from AbbVie alleging a breach of their settlement and license agreement on June 6. Coherus denied the allegation on June 11, and both parties entered into a stipulation on June 14, resolving Coherus's motion for a temporary restraining order against AbbVie.

Portfolio Pulse from Charles Gross

June 15, 2023 | 10:36 am

LLY

VERV

Verve Therapeutics has partnered with Eli Lilly for its preclinical in vivo gene editing program targeting Lipoprotein(a) for atherosclerotic cardiovascular disease. Verve will receive $60M upfront and an equity investment, plus $465M in milestone payments.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 10:34 am