Streetbeat News

Partnerships

MDXXF

TRUFF

PharmAla Biotech has partnered with Johns Hopkins University to supply MDMA for clinical trials, marking a significant milestone for the company. They have also terminated their contract with Red Light Holland, indicating a strategic shift. Additionally, PharmAla will present research on their proprietary molecule APA-01 at an upcoming workshop.

Portfolio Pulse from Juan Spínelli

September 11, 2024 | 5:08 pm

AMZN

ORCL

Oracle Corporation's stock surged over 11% after surpassing earnings expectations and announcing a partnership with Amazon Web Services. The company reported growth in operating income and earnings per share, with Cloud Services becoming its largest business. Oracle also introduced new AI capabilities at its CloudWorld event. Investors should consider macroeconomic factors and Oracle's performance relative to peers when evaluating the stock.

Portfolio Pulse from Erica Kollmann

September 11, 2024 | 4:57 pm

MULN

Mullen Automotive's stock is up 16% following the announcement that its unit, Bollinger Motors, has appointed Affinity Truck Center as an official dealer. This move strengthens Bollinger's presence in California's Central Valley and is part of a series of strategic milestones, including new partnerships and sales agreements.

Portfolio Pulse from Nabaparna Bhattacharya

September 11, 2024 | 4:24 pm

BA

RTX

RTX CEO announced that the company will have significant capacity beyond the current production rates for Boeing. This suggests potential growth and expansion opportunities for RTX in the aerospace sector.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:58 pm

BA

RTX

RTX CEO reports ongoing improvements in the supply chain and emphasizes the need for vigilance. The company is focusing on next-gen hybrid propulsion for smaller aircraft and collaborating with Boeing on future production rates.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:56 pm

TIL

ImmuneOnco Biopharmaceuticals has received a $5M payment from Instil Bio's SynBioTx, totaling $15M under their agreement, with potential future payments up to $35M.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:48 pm

IONQ

The University of Maryland and IonQ have signed a $9 million agreement to expand their partnership, enhancing quantum computing access at the National Quantum Lab at Maryland. This move strengthens Maryland's leadership in quantum computing.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:09 pm

APO

STT

Apollo Global Management and State Street Global Advisors have partnered to enhance investor access to private market opportunities, focusing on private credit markets. Apollo's shares are trading lower following the announcement.

Portfolio Pulse from Lekha Gupta

September 11, 2024 | 2:32 pm

RUN

VST

Vistra has partnered with Sunrun to launch a residential battery aggregation program in Texas. The program will use solar-plus-battery systems to support grid reliability during peak demand, offering financial incentives to participants.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 2:02 pm

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FTXR

RDIV

Ford Motor Company is in talks with Tamil Nadu, India, to explore vehicle manufacturing for export. Ford shares are slightly down, having lost over 16% in the past year. The company previously exited the Indian market due to profitability issues.

Portfolio Pulse from Nabaparna Bhattacharya

September 11, 2024 | 1:58 pm