Streetbeat News

Partnerships

CNSP

CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) initially saw its shares rise on Tuesday following the announcement of an exclusive license agreement with Cortice Biosciences for TPI 287, a potential treatment for glioblastoma multiforme (GBM). However, the stock later reversed and is now trading 60% lower at 41 cents. The agreement includes the issuance of 616,698 shares of CNS common stock and potential future milestone payments. CNS plans to consult with the FDA and start a study in 2025.

Portfolio Pulse from Dylan Berman

July 30, 2024 | 4:21 pm

GOOG

GOOGL

Google has announced a new partnership with Typeface, a creative platform, to introduce new AI tools for Performance Max campaigns.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:06 pm

PINS

Pinterest Inc (NYSE:PINS) shares are trading higher as investors anticipate the company's second-quarter earnings report. Analysts expect EPS of 28 cents on revenue of $847.8 million. RBC analyst Brad Erickson reaffirmed an Outperform rating with a $52 price target, citing strong potential for monetization improvements and a partnership with Amazon.

Portfolio Pulse from Henry Khederian

July 30, 2024 | 3:29 pm

SPR

Spirit AeroSystems announced that it expects the completion of its transactions with Boeing to occur by mid-2025, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:27 pm

AMZN

BABA

PDD

Temu, an online marketplace owned by PDD Holdings, faces supplier protests in China over its shift to a semi-managed model. This change aims to recruit Amazon merchants with goods in U.S. and EU warehouses to mitigate tax loophole risks and reduce delivery times. Alibaba and Amazon are mentioned as rivals.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 3:20 pm

GOOGL

MSFT

The UK's antitrust watchdog is scrutinizing Alphabet's partnership with AI startup Anthropic, focusing on its impact on competition. The CMA is seeking views on the partnership and will decide on an official investigation by August 13. Alphabet has invested $500 million in Anthropic, with a promise of $1.5 billion more over time. Anthropic uses Alphabet's Google Cloud services.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:07 pm

TXT

Textron Aviation has introduced a new repair process for the Cessna Citation 560XL main landing gear in collaboration with Able Aerospace Services. This new service allows significant repairs without the need for full replacement, providing a cost-effective option for customers.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:01 pm

SOUN

SoundHound AI shares are trading higher after the company announced it launched Chat AI with integrated ChatGPT in Alfa Romeo and Citroën vehicles across Europe.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:58 pm

ARKX

LMT

NOC

UFO

SpaceX is negotiating with U.S. and Australian officials to land and recover its Starship rockets off the coast of Australia, marking a potential expansion in the region. This initiative aligns with strengthened security ties between the countries and could enhance bilateral space defense collaborations.

Portfolio Pulse from Shivani Kumaresan

July 30, 2024 | 2:49 pm

GLW

LUMN

Corning Inc (NYSE:GLW) reported a fiscal Q2 2024 core sales growth of 4% YoY to $3.60 billion, beating estimates. Core EPS of $0.47 also surpassed expectations. Despite this, the stock dropped 8.6% due to lower-than-expected Q3 guidance. Key segments showed mixed performance, with strong growth in Optical Communications and Specialty Materials, but declines in Environmental Technologies and Hemlock. CEO highlighted new optical connectivity products for generative AI and a new agreement with Lumen Technologies Inc (NYSE:LUMN).

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 2:33 pm