Streetbeat News

Partnerships

SGBX

Safe & Green Holdings shares are trading higher after the company announced an expanded agreement to manufacture seven additional container-based electrical distribution centers for a client.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:27 pm

GOSS

MRK

Oppenheimer initiated coverage on Gossamer Bio Inc (NASDAQ:GOSS) with an Outperform rating and a price target of $9, highlighting its clean safety profile for seralutinib in treating pulmonary arterial hypertension. Gossamer's competitor, Merck & Co Inc (NYSE:MRK), faces challenges with its drug Winrevair, which requires frequent monitoring and dose adjustments. Gossamer's strategic positioning and sufficient cash runway make it an attractive entry point for long-term investors.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 6:39 pm

ARWR

Arrowhead Pharmaceuticals is advancing its investigational drug Plozasiran into Phase 3 CAPITAN Cardiovascular Outcomes Trial, following positive results from the Phase 2 MUIR study. The CAPITAN trial will focus on patients with mixed hyperlipidemia and residual risk of atherosclerotic cardiovascular disease. Arrowhead is also considering partnership options for the future development of Zodasiran.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:58 pm

PARA

Paramount Global is in discussions with international streaming partners, as revealed during a company town hall meeting where CEOs addressed the company's future strategies.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:51 pm

GGR

Gogoro shares are trading higher after the company announced that it received a $50 million investment from Castrol.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:30 pm

NVDA

DigiAsia shares are trading higher after its subsidiary, Digi Tech, secured 5,120 NVIDIA H200 GPUs for AI solutions development.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:28 pm

ECX

ECARX shares are trading higher following the announcement of a partnership with DXC Luxoft to accelerate the development of in-vehicle capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 5:25 pm

BTBT

BitDigital, Inc. (NASDAQ:BTBT) shares surged 41% after the company announced a $275 million contract expansion to supply 2,048 Nvidia GPUs over three years. The deal is expected to significantly boost BitDigital's revenue, with deliveries starting in July.

Portfolio Pulse from Dylan Berman

June 25, 2024 | 5:20 pm

BLCO

CLSD

RGNX

Oppenheimer has initiated coverage on Clearside Biomedical Inc (NASDAQ:CLSD) with an Outperform rating and a price target of $5. The company is recognized for its pioneering suprachoroidal drug delivery system, which offers targeted and effective treatment for retinal diseases. Clearside's strategic partnerships with Bausch + Lomb Corp (NYSE:BLCO) and REGENXBIO Inc (NASDAQ:RGNX) further validate its technology. The stock is up 14.35% following the news.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 4:54 pm

LLY

MRNA

MSFT

Eli Lilly (LLY) announced a collaboration with OpenAI, backed by Microsoft (MSFT), to leverage generative AI for inventing novel antimicrobials to treat drug-resistant pathogens. This partnership underscores Lilly's commitment to addressing antimicrobial resistance. Moderna (MRNA) also has an ongoing collaboration with OpenAI.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 4:50 pm