Streetbeat News

Partnerships

META

Essilor Luxottica's CEO views Supreme as a valuable communication platform and highlights a strong, long-term partnership with Meta. The CEO is aware of Meta's intention to take a stake in the company and welcomes it, stating it will not affect their partnership.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:33 pm

PBM

Psyence Biomedical Ltd (NASDAQ:PBM) shares surged by 48% to $0.58 after announcing the export of nature-derived psilocybin to Australia and the imminent start of a clinical trial. The trial will involve 84 patients and compare different doses of psilocybin with a placebo alongside psychotherapy.

Portfolio Pulse from Henry Khederian

July 25, 2024 | 5:24 pm

NFLX

Colin Kaepernick has launched Lumi Story AI, an AI startup aimed at helping creators with storytelling, backed by a $4M seed funding round led by Seven Seven Six, the venture capital firm co-founded by Reddit co-founder Alexis Ohanian. Lumi Story AI aims to democratize storytelling by assisting creators with illustrations, graphics, and character creation. A beta version targeting the comic book sector has been launched, with plans to expand further.

Portfolio Pulse from Chris Katje

July 25, 2024 | 4:57 pm

FFIV

F5 has been named a vendor on the Department of Defense (DoD) Enterprise Software Initiative Blanket Purchase Agreement (BPA) awarded to Carahsoft Technology. The agreement is valid through September 4, 2027.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 4:03 pm

COSM

Cosmos Health has signed a distribution agreement with ProMed Trading Company to distribute its Sky Premium Life food supplement products in Qatar.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 3:48 pm

SPY

U.S. Treasury Secretary Janet Yellen emphasized the Biden Administration's commitment to multilateralism and strengthening ties with allies. She urged faster debt restructuring for poor countries and more support for those struggling with high debt service costs. Yellen also highlighted U.S. concerns over China's economic model and excess manufacturing capacity, which are shared by many at the G20 meetings.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:49 pm

AMZN

Amazon shares are slightly down on Thursday following the announcement of a strategic collaboration with GE HealthCare and a new broadcasting deal with the NBA. The broader market weakness also contributed to the decline.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 2:44 pm

TSLA

Elon Musk posted on X about a poll asking if Tesla should invest $5 billion into xAI, assuming the valuation is set by credible outside investors. Musk indicated that the public is in favor and that he will discuss it with Tesla's board.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:21 pm

WDAY

Workday, Inc. (NASDAQ:WDAY) and Kainos Group plc have expanded their strategic partnership to develop and distribute purpose-built apps for Workday customers through the Built on Workday platform. This initiative aims to accelerate and scale app development to address evolving business challenges.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:15 pm

AMZN

F

SPY

WBD

The US economy grew at an annual rate of 2.8% in Q2, surpassing expectations. Ford's stock fell due to missed earnings. The NBA selected Amazon as its new TV partner, replacing Warner Bros.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:05 pm