Streetbeat News

Partnerships

GFS

STM

STMicroelectronics and GlobalFoundries have finalized an agreement to build a new 300mm semiconductor manufacturing facility in France, with a total investment of €7.5 billion. The project will receive significant financial support from the French government.

Portfolio Pulse from Lekha Gupta

June 05, 2023 | 3:57 pm

AMZN

DISH

TMUS

Amazon is reportedly in talks with telecom operators like DISH Network, Verizon, and T-Mobile US to offer Prime subscribers a $10/month or free service. Wall Street firms remain skeptical due to the high costs and potential FCC regulation. HSBC analyst Adam Fox-Rumley has adjusted price targets for T-Mobile US, Verizon, and AT&T.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 3:40 pm

NCMI

National CineMedia (NCMI) shares are trading higher after the company announced a new long-term Network Affiliate Transaction Agreement with Regal Cinemas.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 3:25 pm

AMZN

DISH

AT&T shares are trading higher by 1.15% despite recent volatility due to rumors of DISH Network selling wireless plans through Amazon. However, leading U.S. wireless carriers announced they are not in discussions with Amazon for budget-friendly wireless services. HSBC analyst Adam Fox-Rumley maintained a Buy rating for AT&T and lowered the price target from $21 to $19.

Portfolio Pulse from Henry Khederian

June 05, 2023 | 3:18 pm

BFRG

BullFrog AI Holdings (NASDAQ:BFRG) expands its worldwide license agreement with Johns Hopkins Applied Physics Laboratory (APL) for the patented technology powering its AI-driven bfLEAP platform. The platform analyzes drug development data to make life-saving therapies and treatments, streamlining data analytics and reducing development costs.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2023 | 2:57 pm

NSC

Norfolk Southern (NSC) has reached a sick leave agreement with the SMART-TD union for yardmasters, completing negotiations with all unions. This deal ensures yardmasters receive sick leave benefits and strengthens the company's relationship with its workforce.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 2:06 pm

ACRHF

AVTBF

IXHL

JSDA

SHWZ

SPRC

XSHLF

The National Cannabis Industry Association (NCIA) has laid off nearly half of its workforce to reduce costs and remain financially sound in 2023. Avant Brands elected six directors at its annual general shareholders meeting. SciSparc appointed Yaki Baranes as its new strategy and business development VP. Incannex Healthcare added three psychedelic therapy and science experts to its advisory board. XS Financial promoted Justin Vuong to CFO. Acreage Holdings announced the resignation of CEO Peter Caldini, with Dennis Curran taking over. Jones Soda welcomed Ronald Dissinger to its board of directors. Schwazze promoted Nirup Krishnamurthy to CEO.

Portfolio Pulse from Jelena Martinovic

June 05, 2023 | 1:47 pm

AAPL

ILMN

JPM

SONY

Apple is set to debut its VR headset at its annual developer conference, while US regulators plan to enforce stricter capital requirements for large banks. Grail's software error causes cancer misdiagnosis, potentially impacting Illumina's acquisition plans. Sony explores AI for cloud gaming, and JPMorgan employs blockchain for interbank transactions in India.

Portfolio Pulse from Vandana Singh

June 05, 2023 | 1:45 pm

STM

GlobalFoundries and STMicroelectronics have finalized an agreement to build a new 300mm semiconductor manufacturing facility in France. This partnership aims to address the global chip shortage and strengthen the European semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 1:10 pm

SNES

SenesTech announced a distribution agreement and an initial order for its ContraPest product in the Maldives. The agreement will expand the company's market reach and potentially increase revenues.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 1:03 pm