Streetbeat News

Partnerships

BIIB

DNLI

RARE

Biogen is planning to spend up to $8 billion on dealmaking this year, focusing on acquisitions and partnerships to bolster its pipeline. This move is part of Biogen's strategy to enhance its portfolio and drive growth.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 3:40 pm

AMZN

RIVN

TSLA

Rivian Automotive (NASDAQ:RIVN) held an investor day highlighting new vehicle launches, a joint venture with Volkswagen, and partnerships with Amazon and Tesla. CEO RJ Scaringe emphasized cost reductions, vertical integration, and autonomy. Rivian plans to open its EV charging network this summer and aims for positive gross profit by Q4 2024.

Portfolio Pulse from Chris Katje

June 27, 2024 | 3:26 pm

CMCSA

FUBO

FuboTV Inc. (NYSE:FUBO) has launched its app on Comcast's Xfinity Flex, Xumo Stream Box, and Xumo TV, making it available to millions of Xfinity Internet households and retail locations across the U.S.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 3:10 pm

AMZN

MSFT

Amazon announced that starting in July, Xbox Game Pass Ultimate members will be able to access and play cloud-enabled games directly through the Xbox app on select Fire TV devices.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 2:24 pm

AMZN

BNS

IYG

XLF

Visa and Amazon have partnered to offer flexible payment plans to Canadian shoppers, allowing eligible Royal Bank of Canada and Bank of Nova Scotia credit cardholders to convert purchases into smaller, fixed payments. This initiative aims to meet the growing demand for installment payment options, which are expected to account for nearly a quarter of global e-commerce transactions by 2026. Visa shares are trading lower today.

Portfolio Pulse from Shivani Kumaresan

June 27, 2024 | 2:22 pm

NKE

ONON

Nike Inc (NYSE:NKE) is set to report its Q4 earnings, with analysts expecting slight revenue and earnings per share increases. Analysts have mixed ratings on Nike, with some seeing potential for a rebound. Key items to watch include product innovation, endorsements, and the new Hyperice partnership. On Holding (NYSE:ONON) is noted as a key competitor.

Portfolio Pulse from Chris Katje

June 27, 2024 | 2:20 pm

MASI

Masimo (NASDAQ:MASI) and Cleveland Clinic have announced a partnership to enhance hospital-based remote patient monitoring, including TeleCritical Care. This collaboration will integrate Cleveland Clinic's critical and non-critical care monitoring platforms with Masimo's Hospital Automation™ platform to improve clinical decision-support for hospitalized patients.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 2:12 pm

EADSY

PLTR

Palantir Technologies Inc. (NYSE:PLTR) has entered into a partnership with Voyager Space to integrate AI tools into Voyager's defense and space technology sectors. This collaboration aims to enhance Voyager's defense segment and payload management systems using Palantir's AI platforms. Palantir was also named the exclusive supplier of software data management solutions for the Starlab commercial space station.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2024 | 2:10 pm

EWL

UBS

FIFA is seeking up to $2 billion to expand its streaming service, FIFA+, and is working with UBS to find investors. The organization aims to sell a minority stake in FIFA+.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:35 pm

NVDA

RXRX

Recursion Pharmaceuticals (NASDAQ: RXRX) shares are down 20.1% after announcing a proposed offering of 30,769,230 shares at $6.50 per share, expected to raise $200 million. The offering follows an investor day featuring NVIDIA (NASDAQ: NVDA) CEO Jensen Huang, highlighting their collaboration on AI in drug discovery.

Portfolio Pulse from Adam Eckert

June 27, 2024 | 1:19 pm