Streetbeat News

Partnerships

DB

DSEEY

JPM

MUFG

SFTBF

Daiwa Securities Group has allowed nearly 9,000 employees in Japan to use AI-powered chatbot ChatGPT, aiming to streamline retail business and improve efficiency. Other financial institutions, such as Deutsche Bank, JP Morgan, Softbank Group, and Mitsubishi UFJ Financial Group, are also exploring AI applications.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 11:42 am

ATVI

MSFT

SONY

TCEHY

Sony plans to explore streaming game options and leverage its AI agent GT Sophy to enhance cloud gaming, but CEO Kenichiro Yoshida warns of latency and costly inefficiencies. Microsoft's $75 billion Activision Blizzard takeover deal has intensified the competition between the two companies.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 11:33 am

ENTG

ESI

Entegris and Element Solutions have terminated their distribution agreement, with Entegris receiving $200 million in exchange for ending the exclusive distribution of ViaForm Copper Damascene products.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:32 am

MNMD

Numinus Wellness announced that Cedar Clinical Research (CCR), a subsidiary of Numinus, has been selected as a top research site for MindMed's Phase 2b study evaluating MM-120. This partnership will advance the development of psychedelic-assisted therapies.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:18 am

NRXP

NRx Pharmaceuticals, Lotus Pharmaceuticals, and Alvogen Inc. have announced a collaboration to develop and commercialize NRX-101, with NRx eligible to receive up to $330 million in milestone payments. Lotus will acquire worldwide rights for NRX-101 for S-TRBD.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:13 am

BVXV

BiondVax has signed an exclusive worldwide license agreement to develop and commercialize a novel anti-IL-17 antibody for the treatment of autoimmune and inflammatory diseases, including psoriasis.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:11 am

VEEV

Veeva Systems announced that over 450 companies have adopted its Veeva Vault eTMF solution to improve clinical trial efficiency and inspection readiness. The adoption of this technology is expected to streamline trial processes and enhance data quality.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:08 am

PLTR

Palantir has secured a multi-year contract worth up to $463 million from USSOCOM to deliver technology solutions supporting enterprise capabilities. The company's software will help parse petabytes of data and enable decision-making for America's warfighters.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:03 am

SYBX

Synlogic has reduced its workforce by 21% and is directing resources towards its late-stage portfolio of product candidates for rare metabolic diseases. This includes prioritizing activities for SYNB1934, SYNB1353, and the ongoing collaboration with Roche.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 10:51 am

MNTS

Momentus Inc. (NASDAQ:MNTS) has signed an agreement with Apogeo Space to provide orbital transportation services for nine satellites, part of Apogeo's planned 100-satellite IoT constellation. The constellation is scheduled to enter service by the second half of 2023.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 10:49 am