Streetbeat News

Partnerships

SPRC

SciSparc Ltd. has granted Polyrizon Ltd. global rights to its SCI-160 pain therapy program in a deal worth up to $6 million. SciSparc will receive $3 million in Polyrizon securities and potential milestone fees of $3 million in cash.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:00 pm

FXI

SPY

U.S. National Security Adviser Jake Sullivan and Chinese officials have discussed the importance of military-to-military communications, planning a 'theater commander telephone call' soon. This development could ease tensions and improve diplomatic relations between the U.S. and China.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:45 pm

FXI

White House National Security Adviser and Chinese officials engaged in candid and constructive discussions on various bilateral, regional, and global issues, as reported by Reuters citing a White House statement.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:42 pm

MMV

MultiMetaVerse Holdings has formed a joint venture with Zhenghe Holding called GOLD ABC Digital Technology. The venture focuses on asset appreciation using AI algorithms. GOLD ABC has borrowed 500 Bitcoins at $60,000 each for secondary market trades and plans to invest in gold over the next three months.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:41 pm

CACI

CACI International Inc has been awarded a five-year task order valued at up to $80 million by the Navy Naval Surface Warfare Center. This contract highlights CACI's continued partnership with the Navy and its role in providing critical support services.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:16 pm

HLIT

Harmonic (NASDAQ:HLIT) partners with Globo to transition its playout workflow to the cloud, enhancing efficiency and reducing costs.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 12:09 pm

BZUN

Baozun Inc (NASDAQ: BZUN) reported a 3.1% revenue growth in Q2 2024, surpassing analyst expectations. Despite an adjusted loss per ADS, the stock price rose due to increased service revenue and a positive outlook from the CEO. The company is focusing on revitalization efforts and a partnership with Gap Inc.

Portfolio Pulse from Anusuya Lahiri

August 28, 2024 | 11:52 am

JNPR

Juniper Networks has announced a strategic investment in Quantum Bridge Technologies, a leader in distributed symmetric key exchange for post-quantum cryptography networks. This move highlights Juniper's focus on enhancing its cybersecurity capabilities in anticipation of future quantum computing challenges.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 11:49 am

FTXR

GM

RPV

SSDIY

General Motors (GM) and Samsung SDI have finalized a joint venture to build a $3.5 billion EV battery plant in Indiana, expected to create over 1,600 jobs. The plant will produce high-performance batteries for GM's electric vehicles, with production starting in 2027.

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 11:34 am

ELAB

Elevai Labs has filed two innovative patents in collaboration with Yuva Biosciences to support the development of solutions for hair and scalp vitality. This move highlights Elevai's commitment to advancing its product offerings in the beauty and wellness sector.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 11:32 am