Streetbeat News

Partnerships

CACI

CACI International has been awarded a $450 million, ten-year contract to support the Joint Navigation Warfare Center. The company will provide 24/7 operations support, joint and operational planning, adversary PNT capability, and order of battle assessment.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:51 pm

EXC

F

RUN

TSLA

Sunrun has launched the nation's first vehicle-to-home power plant in partnership with Ford and BGE, using customer-owned F-150 Lightning electric trucks to alleviate grid demand. The program, funded by the Department of Energy, aims to expand nationwide and demonstrates the potential of electric vehicles in grid resiliency and utility price stability.

Portfolio Pulse from Chris Katje

July 30, 2024 | 8:27 pm

AAPL

AFRM

AMZN

SHOP

Affirm Holdings Inc (NASDAQ:AFRM) received an upgrade from B of A Securities analyst Jason Kupferberg, who raised the stock from Neutral to Buy with a price target of $36. The analyst cited potential GAAP profitability, lower interest rates, and strong partnerships with Apple and Amazon as key factors. The fourth-quarter results and fiscal 2025 forecasts are expected to be positive catalysts.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 8:21 pm

INCY

MGNX

MacroGenics, Inc. (NASDAQ:MGNX) announced the achievement of $100 million in milestones from Incyte Corporation related to the development progress of ZYNYZ (retifanlimab-dlwr). This milestone is part of a 2017 collaboration agreement, and MacroGenics remains eligible for additional milestones and royalties. The company expects this milestone to support its cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:19 pm

CNSP

CNS Pharmaceuticals shares are trading lower after initially rising due to a license agreement with Cortice Biosciences.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:22 pm

GS

Goldman Sachs CEO David Solomon hinted at Bitcoin's potential as a 'store of value' during an interview, while the bank continues to invest in digital assets and plans to initiate tokenization projects by 2024.

Portfolio Pulse from Khyathi Dalal

July 30, 2024 | 7:18 pm

AIPI

PLTR

SHLD

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower by 2.99% to $26.27. Despite a 32% gain over the past year, Citigroup analyst Tyler Radke maintains a Neutral rating but raises the price target to $28. Palantir is expected to report Q2 earnings of 8 cents per share and revenue of $652.141 million on Aug. 5. The company recently announced a multi-year partnership with Tree Energy Solutions and has achieved six consecutive quarters of GAAP profitability. Wedbush analyst Dan Ives set a new bull-case price target of $50.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 7:07 pm

MSFT

OpenAI has started rolling out its new voice assistant after addressing safety concerns that caused a delay. This development is significant for OpenAI's operations and its partnership with Microsoft, which has invested heavily in the AI company.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:34 pm

AMZN

WBD

Amazon.com Inc (NASDAQ:AMZN) has secured NBA rights for $1.8 billion annually, aiming to boost Prime Video subscribers. However, a Benzinga poll indicates limited impact, with only 10% of non-subscribers willing to join for NBA content. Warner Bros. Discovery (NASDAQ:WBD) is suing the NBA over the deal, claiming a contractual right to match Amazon's offer.

Portfolio Pulse from Chris Katje

July 30, 2024 | 6:26 pm

SMWB

You.com and Similarweb have announced a strategic collaboration aimed at enhancing productivity. This partnership is expected to leverage the strengths of both companies to deliver improved services and tools for their users.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 5:44 pm