Streetbeat News

Partnerships

MS

Morgan Stanley's CFO, Sharon Yeshaya, anticipates a rise in investment banking activity in the coming quarters, driven by the U.S. presidential election reducing uncertainties and increased IPO demand from private equity firms. The bank is also seeing new deals from stronger ties between its wealth and investment banking divisions.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:29 pm

LH

NOWDiagnostics has partnered with Labcorp to expand access to the first FDA-authorized over-the-counter syphilis test in the U.S. The test will be available in clinical and hospital settings by late 2024, with direct patient access via Labcorp OnDemand in 2025.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:23 pm

BDRX

NVAX

VS

Versus Systems shares surged 489% following a $2.5 million investment and licensing deal with ASPIS. Novavax shares dropped 32% after the FDA placed a clinical hold on its vaccine candidates. Biodexa Pharmaceuticals shares rose 245% after successfully appealing Nasdaq's delisting decision.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:23 pm

PFE

A power struggle has emerged between Pfizer and activist investor Starboard Value, with Guggenheim Partners caught in the middle. Starboard, holding a $1 billion stake, criticizes Pfizer's acquisitions and capital allocation, leading to a 50% stock drop from its peak. Former Pfizer executives reversed their support for Starboard, backing current CEO Albert Bourla. Guggenheim, a long-time advisor to Pfizer, is entangled in the dispute, while Pfizer turns to PJT Partners for defense.

Portfolio Pulse from Vandana Singh

October 16, 2024 | 12:19 pm

BLK

BlackRock is in discussions with Mukesh Ambani to establish a private credit venture in India. This move could expand BlackRock's presence in the Indian financial market and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:17 pm

ORCL

The U.S. Army has announced plans to migrate its Integrated Personnel and Pay System-Army (IPPS-A) to Oracle's U.S. Defense Cloud. The terms of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:58 am

VS

Versus Systems Inc. (NASDAQ:VS) shares surged over 300% premarket due to two major agreements with Aspis Cyber Technologies. These include a $2.5 million investment and a licensing deal for Versus' technology. The agreements aim to help Versus meet Nasdaq's equity requirements.

Portfolio Pulse from Lekha Gupta

October 16, 2024 | 11:56 am

VS

Versus Systems shares rose following a $2.5 million investment and licensing agreement with ASPIS.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:53 am

LNZA

LanzaTech Global shares rise following a $3 million contract award from the U.S. Department of Energy to support carbon management initiatives.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:52 am

TCS

The Container Store's stock is rising following the announcement of a partnership with Beyond, which includes a $40 million investment through a preferred equity transaction.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:51 am