Streetbeat News

Partnerships

AMC

AMC Theatres has transferred its streaming library to Fandango's Vudu, sunsetting its own platform, AMC Theatres On Demand. Users can now transfer their accounts to Vudu, which offers a larger catalog and higher quality formats. AMC reported Q1 losses of $235.5 million and revenue of $954.4 million.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:27 pm

TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has committed $30 million in growth capital to Revelle Aesthetics, a company developing aesthetic solutions for women. Revelle's FDA-cleared device, Avéli, is designed for long-term reduction in the appearance of cellulite. The investment will support Revelle's growth, expansion, and marketing initiatives.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:24 pm

JNJ

LVTX

LAVA Therapeutics announced that Janssen Biotech, a part of Johnson & Johnson, has chosen a lead candidate for further development towards clinical settings within their research collaboration. The collaboration focuses on the discovery and development of novel bispecific antibody-based gamma delta T cell engagers for cancer treatment.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:24 pm

ODC

Amlan International, the animal health business of Oil-Dri Corporation of America (ODC), has chosen Beijing Zhongnong Pasture Biotechnology Co., Ltd. as its master distributor in China. The strategic decision aims to streamline distribution and increase efficiency in the Chinese market.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:05 pm

DELL

NVDA

Dell Technologies reported Q1 revenue of $20.9 billion, down 20% YoY but beating the Street consensus estimate of $20.27 billion. EPS was $1.31, surpassing the estimate of 86 cents per share. The company highlighted AI growth and its collaboration with Nvidia on Project Helix.

Portfolio Pulse from Chris Katje

June 01, 2023 | 7:21 pm

SNDL

SNDL Inc. has provided an update on its proposed transaction with Nova Cannabis Inc. to establish a well-capitalized cannabis retail platform in Canada. The terms have been amended, and SNDL shareholders will receive Nova common shares as part of the distribution. The transaction is expected to close on or before June 30, 2023.

Portfolio Pulse from Joana Scopel

June 01, 2023 | 6:14 pm

ABBV

ABT

CHRS

Mark Cuban's Cost Plus Drug Company partners with Coherus BioSciences to offer Yusimry, a biosimilar of Humira, at a lower cost starting July 2023. The partnership aims to make biologics more affordable for patients and disrupt the high-cost biologic space.

Portfolio Pulse from Chris Katje

June 01, 2023 | 6:13 pm

PRST

Chardan Capital analyst Brian Dobson upgraded Presto Automation Inc (NASDAQ:PRST) to Buy from Neutral with a price target of $5, up from $4.25. The upgrade is due to the company's focus on its drive-thru AI business segment, including a recent deal with CKE Restaurants. PRST shares are trading higher by 20.2% at $3.27.

Portfolio Pulse from Lekha Gupta

June 01, 2023 | 5:54 pm

MSFT

NVDA

Microsoft has signed a deal with Nvidia-backed CoreWeave to provide AI computing power, potentially worth billions, to meet the cloud demand of OpenAI.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 5:50 pm

AMZN

TM

TSLA

WKSP

Tesla's Cybertruck is set to enter production with 1.6 million orders, while Toyota invests $5.9 billion in battery production and plans to assemble electric SUVs in Kentucky. Kia confirms a new pickup for Australia in 2025, and Worksport launches an upgraded tonneau cover, with products available on Amazon and Walmart.

Portfolio Pulse from Upwallstreet

June 01, 2023 | 5:43 pm