Streetbeat News

Partnerships

SPY

USO

G7 leaders have fully endorsed and supported the Gaza deal outlined by President Biden, reaffirming their support for a two-state solution. They call on Hamas to accept the deal and urge influential countries to ensure compliance.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 6:40 pm

ARW

AVGO

Arrow Electronics has signed a new distribution agreement with VMWare and Broadcom in Europe, which could enhance its product offerings and market reach.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 6:21 pm

LLY

Eli Lilly has entered into an exclusive license agreement with QurAlis Corporation to develop and commercialize QRL-204, a preclinical compound targeting ALS and dementia. The deal includes an upfront payment of $45 million, potential milestone payments up to $577 million, and tiered royalties on net sales. The agreement also involves a research collaboration to develop additional candidates targeting UNC13A.

Portfolio Pulse from Vandana Singh

June 03, 2024 | 6:05 pm

AMD

COHR

LSCC

ROKT

TINY

Coherent Corp. (NYSE:COHR) shares are trading higher after appointing Jim Anderson as the new CEO. Anderson's previous role was at Lattice Semiconductor (NASDAQ:LSCC), whose stock fell after his departure. Anderson has a strong background in leadership roles at Advanced Micro Devices (NASDAQ:AMD) and other companies. Investors can also gain exposure to Coherent through ProShares Nanotechnology ETF (NYSE:TINY) and SPDR S&P Kensho Final Frontiers ETF (NYSE:ROKT).

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 5:35 pm

JACK

Jack In The Box has announced a collaboration with rapper Ice Cube to introduce a new Munchie Meal celebrating California. This partnership aims to attract more customers and boost sales.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:17 pm

WKEY

WISeKey's subsidiary WISe.ART has partnered with the Sustainable Fashion Innovation Society to host a Phygital Sustainability Expo in Rome. This collaboration aims to promote sustainability in the fashion industry through a blend of physical and digital experiences.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:07 pm

AAPL

AMD

EPI

EWW

GME

NVDA

QQQ

SPY

USO

India's stock market hits a lifetime high on exit polls predicting a landslide victory for Modi's BJP, while Mexico's peso and stocks fall on election results. AI advancements are announced by NVIDIA and AMD. Positive money flows are seen in major tech stocks and ETFs, while oil prices fall due to OPEC+ production changes.

Portfolio Pulse from The Arora Report

June 03, 2024 | 4:44 pm

INOD

Innodata shares are trading higher after the company announced new contracts valued at around $44 million from 'Magnificent Seven' Big Tech customers.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:41 pm

LLY

QurAlis has granted Eli Lilly an exclusive global license for QRL-204, a precision therapy aimed at restoring UNC13A function in ALS and FTD. The collaboration will leverage QurAlis' expertise in ALS and ASO development to advance QRL-204 and next-generation compounds.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:35 pm

FCEL

FuelCell Energy, Inc. (NASDAQ:FCEL) shares are trading higher, up more than 12% over the past five days. The company announced a significant agreement with Gyeonggi Green Energy Co., Ltd. to supply 42 upgraded fuel cell modules and a seven-year service agreement, expected to generate $160 million in revenue. Additionally, 22.63% of available shares are being sold short, which can lead to large price movements. FuelCell Energy is set to report its second-quarter financial results on June 10, with analysts expecting losses of 8 cents per share and quarterly revenue of $21.351 million. The stock has an average 1-year price target of $1.75, indicating a potential upside of 79.4%.

Portfolio Pulse from Erica Kollmann

June 03, 2024 | 4:31 pm