Streetbeat News

Partnerships

LLY

Radionetics Oncology has entered a strategic agreement with Eli Lilly, receiving a $140 million upfront payment. Eli Lilly gains the exclusive right to acquire Radionetics for $1 billion. The partnership will focus on developing GPCR targeting radiopharmaceuticals for solid tumors using Radionetics' proprietary discovery platform.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:04 pm

NVDA

SK Group, the parent company of Nvidia's chip supplier SK Hynix, plans to invest $56 billion in AI and semiconductor technology by 2026. This investment aims to enhance its supply chains and maintain its lead in the high-bandwidth memory (HBM) market, despite competition from Samsung and Micron.

Portfolio Pulse from Benzinga Neuro

July 01, 2024 | 1:35 pm

DTSS

FXI

Datasea has announced three new sales agreements totaling $61.7 million with Chinese subsidiaries. These agreements are expected to support revenue growth for its core AI-based businesses in fiscal year 2025. The deals include two agreements for 5G-AI communications and one for high-tech acoustic products.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:31 pm

LLY

MSFT

Eli Lilly (NYSE:LLY) has reached a new 52-week high, driven by a 97.38% increase over the past year and 55.32% year-to-date. The company's collaboration with OpenAI to develop novel antimicrobials and strong technical indicators suggest continued momentum. However, the RSI indicates potential near-term volatility.

Portfolio Pulse from Surbhi Jain

July 01, 2024 | 1:27 pm

ZK

ZEEKR Intelligent Technology Holding Limited (NASDAQ:ZK) shares are surging after the company reported strong delivery results for June 2024, with an 89% increase in vehicle deliveries compared to last year. Year-to-date deliveries have grown by 106%, and the company has entered new markets in Indonesia and Malaysia.

Portfolio Pulse from Shivani Kumaresan

July 01, 2024 | 1:23 pm

WBS

Webster Financial Corporation (Webster Bank) and Marathon Asset Management have announced a private credit joint venture to provide direct lending solutions to sponsor-backed middle market companies.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:20 pm

CAMX

E

Eni S.p.A. (NYSE:E) has extended its long-term gas supply agreement with Vår Energi ASA, securing up to five billion cubic meters of gas between 2024 and 2036. Deliveries will be made to gas terminals in Germany, with pricing based on market terms. This deal follows a similar agreement with VNG, reinforcing Vår Energi's role as a key energy supplier in Europe. Eni also recently finalized a deal to sell its Alaskan assets to Hilcorp. Investors can gain exposure to Eni through The Advisors' Inner Circle Fund Cambiar Aggressive Value ETF (NYSE:CAMX). Eni shares are up 1.14% premarket.

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 1:12 pm

SOL

Emeren Group Ltd (NYSE:SOL) has partnered with PLT energia Srl to develop a 394 MW Battery Energy Storage Systems (BESS) portfolio in Italy. This partnership marks a significant milestone for both companies in the renewable energy sector.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:08 pm

ACN

Accenture Federal Services has secured a $250 million contract with the Department of Interior to modernize the Bureau of Land Management's administration of federal lands.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:03 pm

QCOM

WLDS

Wearable Devices has completed the first phase of integration with Qualcomm's Snapdragon Spaces XR Developer Platform, addressing major hand tracking limitations such as accuracy, power, and field of view. This development is expected to accelerate the mass adoption of augmented and virtual reality technologies.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:51 pm