Streetbeat News

Partnerships

ASTS

CING

PLTR

SNAP

WDAY

Benzinga's 'Stock Whisper' Index highlights five under-the-radar stocks: AST SpaceMobile, Cingulate Inc, Palantir Technologies, Workday Inc, and Snap Inc. AST SpaceMobile is set to launch five satellites, Cingulate received a European patent for its ADHD treatment, Palantir reported strong Q2 results and partnerships, Workday is set to report Q2 results, and Snap saw interest despite negative news.

Portfolio Pulse from Chris Katje

August 16, 2024 | 3:40 pm

GILD

Pantherx Rare is partnering with Gilead Sciences for the distribution of Livdelzi.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:38 pm

GOOGL

NVDA

TEM

Tempus AI Inc. (NASDAQ:TEM) has seen a significant rise in its stock price, reaching a new high of $47.81. The stock is up 17.27% since its IPO in June, driven by strategic investments from SoftBank and Google. SoftBank's recent acquisition of 5.41 million shares has particularly boosted investor sentiment. The stock is showing strong bullish signals, with its price well above key moving averages.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 3:24 pm

BYDDY

HMC

BYD Co., Ltd. (OTC:BYDDY) is set to establish an electric vehicle (EV) plant in Pakistan, aiming to expand its global market presence. The company will display three models at its brand launch and plans to introduce battery-electric and plug-in hybrid vehicles. The plant, located near Karachi’s Port Qasim, is expected to be completed by the first half of 2026. BYD has partnered with Mega Conglomerate Pvt. and plans to open showrooms in Karachi, Lahore, and Islamabad, with sales starting in Q4 2023. The news also mentions competition from Toyota (NYSE:TM) and Honda (NYSE:HMC) in Pakistan.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 3:07 pm

PSNL

Tempus shares are trading higher following an expanded collaboration and investment in Personalis. Tempus invested $36 million by exercising warrants to purchase 9.2 million shares of common stock at an average price of $2 and an additional 3.5 million shares at a price of $5.07.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:59 pm

PSNL

Personalis shares are trading higher following an expanded collaboration with Tempus. Tempus invested $36 million by exercising warrants to purchase 9.2 million shares of common stock at an average price of $2 and an additional 3.5 million shares at a price of $5.07.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:58 pm

BABA

Ant Group, an affiliate of Alibaba Group Holding Limited (NYSE:BABA), is in talks to acquire the Chinese online healthcare platform Haodf.com. This move comes amid a 10.2% drop in Ant Group's profit due to regulatory hurdles. Ant Group is also collaborating with Mastercard Inc (NYSE:MA) to expand digital payment zones in China. Alibaba's stock has an average 1-year price target of $103.0, representing a 23.24% upside in 2025.

Portfolio Pulse from Anusuya Lahiri

August 16, 2024 | 2:43 pm

SOL

TRON

Sun.io, affiliated with Tron founder Justin Sun, has launched SunPump, a platform for creating meme coins on the Tron blockchain. This positions SunPump as a competitor to Solana's pump.fun platform. SunPump emphasizes security and transparency, with a rigorous vetting process and a partnership with Poloniex for listing successful projects. Tron and SunPump are also investing $10 million into the Meme Ecosystem Boost Incentive Program.

Portfolio Pulse from Murtuza Merchant

August 16, 2024 | 2:27 pm

LOT

Lotus Technology shares are trading higher after the company announced that Lotus Robotics provided intelligent driving solutions to Lynk&Co.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:27 pm

EIS

SPY

A joint statement from Qatar, the US, and Egypt indicates that a US proposal builds on recent agreements and aims to close gaps for rapid implementation.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:05 pm