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Partnerships

KNOS

SHIBUSD

Shiba Inu (SHIB) reports an 8,596% increase in its burn rate, with over 17 million SHIB burned in the past 20 hours. Marketing lead Lucie hints at a significant upcoming development. Lead developer Shytoshi Kusama's visit to Japan aims to foster new partnerships. Kronos Advanced Technologies becomes the first public company to accept SHIB payments, offering a 10% discount for SHIB transactions.

Portfolio Pulse from Khyathi Dalal

July 03, 2024 | 12:23 pm

BNTX

CVAC

GSK

PFE

GSK plc (NYSE:GSK) and CureVac N.V. (NASDAQ:CVAC) have restructured their collaboration into a new licensing agreement worth around $1.5 billion. GSK will assume full control of developing and manufacturing mRNA vaccines for COVID-19 and influenza, while CureVac will receive significant upfront and milestone payments. CureVac also announced a strategic restructuring to focus on oncology, including a 30% workforce reduction. The agreement extends CureVac's cash runway into 2028.

Portfolio Pulse from Vandana Singh

July 03, 2024 | 12:01 pm

BABA

Alibaba Group Holding Ltd (NYSE:BABA) led a tech rally in Hong Kong, marking its best performance in seven weeks after announcing $5.8 billion in share buy-backs last quarter. Despite differing market views, southbound flows are expected to support the market. Alibaba also became a new shareholder of OceanBase, a database company spun off from Ant Group. However, investor enthusiasm was dampened by slow growth in China's services activity.

Portfolio Pulse from Anusuya Lahiri

July 03, 2024 | 11:57 am

JXJT

JX Luxventure shares are trading higher after its subsidiary, JX Hainan, entered into a $100 million cooperation agreement with Tianjin Auto Trading to market and sell foreign luxury automobiles.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:53 am

CVAC

GSK

CureVac shares are trading higher after the company announced it restructured its licensing agreement with GSK and will focus resources on high-value mRNA projects in oncology and other select areas.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:51 am

MUFG

MUFG's negotiations to acquire a stake in India's HDFC have encountered obstacles, according to a Bloomberg report.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:15 am

DAY

Dayforce announced that WHSmith, a leading global retailer for news, books, and convenience, has expanded its use of the Dayforce platform.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:03 am

GOEV

Canoo has received an order from Go2 Delivery for five fully-electric commercial delivery vans, with the potential for an additional 85 vans. This move supports Go2 Delivery's goal of becoming a leading carbon-free logistics company in Virginia and the Chesapeake Bay area.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:03 am

CHDN

IGT

International Game Technology (IGT) and Churchill Downs (CHDN) have expanded their Historical Horse Racing (HHR) technology footprints to Malta through an agreement with National Lottery Plc.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 10:52 am

GIB

CGI is partnering with Risk Management Partners, a unit of Munich Re, to help insurers reduce claims, increase profits, and drive long-term value through climate risk mitigation.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 10:34 am