Streetbeat News

Partnerships

SNY

VIR

Vir Biotechnology has entered an exclusive worldwide license agreement with Sanofi for three clinical-stage masked T-cell engagers and the use of a protease-cleavable masking platform for oncology and infectious diseases.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:07 pm

GLPG

BridGene Biosciences has expanded its collaboration with Galapagos NV, making BridGene eligible to receive up to $159 million in total payments. The partnership aims to discover highly selective oral SMARCA2 PROTAC.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:02 pm

EIS

SPY

TUR

Turkey's President Erdogan and U.S. President Biden discussed bilateral ties, the Gaza war, and a prisoner swap in a phone call. Erdogan expressed concerns that Israel does not want a ceasefire and that the killing of a Hamas chief has harmed ceasefire efforts. He also mentioned that Israel is trying to spread the conflict to a wider region.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:07 pm

EXAS

Exact Sciences Corporation (NASDAQ:EXAS) reported better-than-expected Q2 results, with losses of 9 cents per share and sales of $699.264 million. Despite the positive results, analysts have lowered their price targets. The company also announced an exclusive license agreement with TwinStrand Biosciences.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 6:14 pm

COIN

ETH

UNI

Circle has launched the euro-backed stablecoin EURC on the Base mainnet, an Ethereum Layer 2 network. This move aims to enhance liquidity and accessibility for euro-denominated transactions. Key industry players like Coinbase and Uniswap Labs have pledged support for EURC, which complies with the EU's MiCA regulation.

Portfolio Pulse from Murtuza Merchant

August 01, 2024 | 5:41 pm

ENVX

Enovix Corp (NASDAQ:ENVX) shares are trading lower despite beating analyst estimates on revenue and earnings. The company reported revenue of $3.768 million and a loss of 14 cents per share, both better than expected. Enovix announced new collaboration agreements, including one with a Fortune 200 company for IoT batteries and an MOU with a global automotive OEM for EV batteries. Despite initial gains, the stock fell 15.7% to $12.16.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 5:37 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) has partnered with Cogent International Manufacturing Ltd. to launch a new CBD lozenge on Aurora's Canadian medical marijuana patient platform. This collaboration aims to leverage patient feedback and real-world data for future product validation and analysis. The initial term of the agreement is 24 months, with the first product launch expected in late 2024. Aurora's shares traded 0.81% higher at $6.20 following the announcement.

Portfolio Pulse from Nina Zdinjak

August 01, 2024 | 5:26 pm

CRWD

DAL

CrowdStrike reported that Delta Airlines rejected their efforts to assist in recovery, potentially indicating a cybersecurity issue or a disagreement between the two companies.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:21 pm

DASH

IYG

JPM

XLF

JPMorgan Chase (JPM) has expanded its partnership with DoorDash (DASH) to offer new grocery benefits for Chase cardholders. Despite this, JPM shares are trading lower. The partnership includes ongoing benefits for grocery orders and a free DashPass membership. Last month, JPM reported strong Q2 earnings. Investors can also gain exposure via ETFs like IYG and XLF.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 5:20 pm

EWC

TRP

Canada's Indigenous groups are set to borrow C$1 billion to acquire a stake in TC Energy's pipeline project. This move is significant for the involvement of Indigenous communities in major energy projects.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 4:37 pm