Streetbeat News

Partnerships

HAL

VARRY

Halliburton Company (NYSE:HAL) plans to sign a long-term strategic pact with Var Energi ASA (OTC:VARRY) for drilling services related to exploration and production drilling across the Norwegian Continental Shelf. The deal will last five years, with options for an additional four years.

Portfolio Pulse from Nabaparna Bhattacharya

June 09, 2023 | 11:20 am

F

GM

TSLA

Wedbush analyst Dan Ives has increased Tesla's price target from $215 to $300 and reiterated an Outperform rating, citing the company's strong position in the EV market. Tesla's collaboration with General Motors and potential future partnerships with Ford could add $3 billion to EV charging revenue.

Portfolio Pulse from Shanthi Rexaline

June 09, 2023 | 11:00 am

HNHPF

RIDE

Lordstown Motors received a letter from Foxconn stating that they do not acknowledge the obligation to complete the purchase of about 10% of Lordstown's Class A stock. Lordstown rejects Foxconn's interpretation of the investment agreement.

Portfolio Pulse from Charles Gross

June 09, 2023 | 10:12 am

APCX

AppTech Payments has entered into a strategic partnership and channel partner agreements with Broadnet Technologies, LLC. Broadnet has over 60,000 international customers, making it an ideal partner for AppTech to penetrate the U.S. market for Text-to-Pay, 2-way SMS, and a suite of SMS tools.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 10:08 am

AMZN

DISH

T

Dish Network is reportedly desperate to raise funds to meet the 5G deadline, according to the NY Post. The company may seek partnerships or sell assets to generate the required capital.

Portfolio Pulse from Charles Gross

June 09, 2023 | 9:39 am

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 Citigroup initially showed interest but has since withdrawn.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