Streetbeat News

Partnerships

GM

TSLA

Tesla's stock shows strong upward momentum, eyeing its best winning streak since January 2021. General Motors partners with Tesla to use its charging infrastructure, and Tesla is in talks with regional government leaders in Valencia, Spain, and the Mongolian Prime Minister for potential automotive investments.

Portfolio Pulse from Shanthi Rexaline

June 09, 2023 | 9:37 am

C

CS

FXI

UBS

Credit Suisse and its joint venture partner are seeking buyers for their China securities brokerage business. Citigroup initially showed interest but has since withdrawn.

Portfolio Pulse from Charles Gross

June 09, 2023 | 9:08 am

AZN

Quell Therapeutics has signed a collaboration agreement with AstraZeneca to develop, manufacture, and commercialize engineered T-regulatory cell therapies for type 1 diabetes and inflammatory bowel disease. Quell will receive $85 million upfront and potential payments of over $2 billion contingent on milestones, plus tiered royalties.

Portfolio Pulse from Charles Gross

June 09, 2023 | 8:56 am

GM

TSLA

GM CEO Mary Barra returned to Twitter after a 7-month hiatus, hosting a Twitter Spaces session with Tesla CEO Elon Musk. During the session, GM and Tesla announced a collaboration allowing GM customers to access Tesla's supercharger network.

Portfolio Pulse from Anan Ashraf

June 09, 2023 | 8:15 am

ABBV

GMAB

Genmab announced data from its phase 1/2 EPCORE™ NHL-2 trial, showcasing a 98% overall response rate and 87% complete metabolic response in patients with relapsed or refractory follicular lymphoma. The trial investigates epcoritamab in combination with rituximab-lenalidomide. Epcoritamab is co-developed by Genmab and AbbVie as part of their oncology collaboration.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 7:26 am

F

GM

TSLA

Tesla CEO Elon Musk expressed disappointment over the EU's refusal to consider Tesla's charging design, while General Motors and Ford announced collaborations with Tesla to adopt the North American Charging Standard (NACS) for EVs. GM plans to integrate the NACS connector design into its EVs starting in 2025.

Portfolio Pulse from Anan Ashraf

June 09, 2023 | 5:04 am

GM

TSLA

Ross Gerber, CEO of Gerber Kawasaki, praised General Motors' decision to adopt Tesla's North American charging plug standard, giving GM's EV buyers access to Tesla Supercharger network. GM will integrate the NACS connector design into its EVs starting in 2025, expanding charging access at 12,000 Tesla Superchargers. Tesla and GM shares reacted positively to the news.

Portfolio Pulse from Bhavik Nair

June 09, 2023 | 1:45 am

GM

TSLA

GM and Tesla announced a collaboration to adopt a unified North American charging standard for electric vehicles, aiming to drive EV adoption by providing a robust charging infrastructure. Existing GM EV customers will be able to use Tesla's superchargers with an adapter.

Portfolio Pulse from Benzinga Staff

June 08, 2023 | 10:05 pm

CGNSF

MRES

TRUFF

AI is being used to enhance psychedelic treatments, with companies like Institute of Biomedical Research Corp. (MRES), Cognetivity Neurosciences Ltd. (CGNSF), and Red Light Holland (TRUFF) exploring various applications. AI algorithms are being used to research psychedelic compounds, study cognitive health, and develop 3D movement data for therapy.

Portfolio Pulse from Lara Goldstein

June 08, 2023 | 9:25 pm

NVDA

NVIDIA is set to present at the Nasdaq Investor Conference in partnership with Jefferies on Wednesday, June 14. The live audio webcast will be available at investor.nvidia.com, with replays accessible for 90 days.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 9:03 pm