Streetbeat News

Partnerships

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

MRIN

WMT

Marin Software discusses five strategies to enhance marketing reach using Walmart Connect. The article highlights the benefits of leveraging Walmart's advertising platform to improve brand visibility and drive sales.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:46 pm

IYE

XLE

XOM

ExxonMobil (XOM) has signed a non-binding MOU with SK On for a multiyear offtake agreement for up to 100,000 metric tons of Mobil Lithium from its Arkansas project. This aligns with ExxonMobil's goal to supply lithium for one million EV batteries annually by 2030. The project aims for efficient, environmentally friendly lithium production. Investors can gain exposure to XOM via Energy Select Sector SPDR Fund (XLE) and iShares U.S. Energy ETF (IYE).

Portfolio Pulse from Lekha Gupta

June 25, 2024 | 4:43 pm

IFBD

Infobird Co is considering expanding its operations into mainland China either organically or through a merger and acquisition with a target company.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:42 pm

GVP

GSE Systems shares are trading higher after the company announced that it was awarded a contract by a major utility company for nuclear flow accelerated corrosion update services.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:00 pm

BTBT

Bit Digital shares are trading higher after finalizing an agreement to supply an existing customer with an additional 2,048 GPUs over a three-year term. The stock is also benefiting from a rebound in crypto stocks.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:55 pm

MAPS

Weedmaps (NASDAQ:MAPS) and BLAZE Solutions have announced a strategic partnership to create a Global Product Catalog for cannabis retailers. This integration aims to enhance operational efficiency and improve the consumer shopping experience by auto-populating product information.

Portfolio Pulse from Jelena Martinovic

June 25, 2024 | 3:52 pm

CORZ

Core Scientific, Inc. (NASDAQ:CORZ) shares are trading higher after the company exercised its first option contract with CoreWeave for additional infrastructure to host high-performance computing operations. The 12-year contract is expected to boost earnings and increase shareholder value, contributing an extra $1.225 billion in projected cumulative revenue.

Portfolio Pulse from Dylan Berman

June 25, 2024 | 3:51 pm