Streetbeat News

Partnerships

AMD

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INTC

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The CEOs of major U.S. chip companies, including Nvidia, AMD, Intel, Qualcomm, and Arm, will gather at Taiwan's Computex event to discuss the future of AI. The event highlights Taiwan's growing importance in the global tech industry, particularly in AI hardware and semiconductors.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 1:41 am

MYGN

QGEN

QIAGEN and Myriad Genetics have announced a collaboration to develop a globally distributable kit-based test for analyzing Homologous Recombination Deficiency (HRD) status.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:30 pm

ADAP

Adaptimmune Therapeutics shares are trading higher after the company and Galapagos entered a clinical collaboration to license Adaptimmune's uza-cel in head & neck cancer.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:17 pm

ADAP

GLPG

Adaptimmune and Galapagos have entered a clinical collaboration to license next-generation TCR T-cell therapy for cancer using a decentralized manufacturing platform. The collaboration will focus on a clinical proof-of-concept trial for uza-cel in head & neck cancer. Adaptimmune will receive initial payments of $100 million, with potential additional payments up to $565 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:02 pm

PLTR

Palantir's subsidiary, Palantir USG, has been awarded a production contract by the Department of Defense's Chief Digital and Artificial Intelligence Office. The initial order is valued at $153 million, with potential additional awards up to $480 million over five years.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:01 pm

EXPE

Expedia Group and KOALA have announced a partnership to streamline timeshare rentals through Expedia's network, including Vrbo. KOALA's new software will allow timeshare owners and brokers to reach a vast audience, simplifying the rental process.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:58 pm

MSFT

NFLX

WBD

Netflix is developing an animated 'Minecraft' series in collaboration with Mojang Studios, owned by Microsoft. The series will feature an original story and new characters. This move could benefit both Netflix and Microsoft by leveraging Minecraft's massive fan base. A 'Minecraft' movie is also in the works, set to release in 2025.

Portfolio Pulse from Chris Katje

May 30, 2024 | 7:20 pm

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VEXTF

Senior analyst Pablo Zuanic projects significant growth in Ohio's cannabis market as it transitions to adult-use recreational sales by July 2024. The market could grow fourfold within a year, reaching $2.3 billion. Publicly traded multi-state operators (MSOs) like Vext, Acreage, Cannabist, and Ascend are identified as having high potential for market cap gains.

Portfolio Pulse from Nicolás Jose Rodriguez

May 30, 2024 | 7:07 pm

DIS

PEP

SPY

Activist investor Nelson Peltz, through Trian Fund Management, increased his stake in Walt Disney Co (NYSE:DIS) last October and owned more than 1% by the end of 2023. Despite losing a proxy battle to oust CEO Bob Iger, Peltz sold his entire Disney stake for nearly $1 billion. Disney's stock has outperformed the SPDR S&P 500 Trust (NYSE:SPY) in 2024, although it dropped 10% on May 7. Peltz has previously taken activist positions in companies like Proctor & Gamble Co (NYSE:PG) and PepsiCo (NYSE:PEP).

Portfolio Pulse from Aaron Bry

May 30, 2024 | 6:43 pm

PLNH

Planet 13, the operator of the world's largest cannabis dispensary, has added a Koolsville Tattoo location to its premises in Las Vegas. This collaboration offers a unique experience by combining cannabis products with tattoo services. The move aims to increase foot traffic and offset lease costs for Planet 13, while providing Koolsville Tattoo with a prime location near the Las Vegas Strip.

Portfolio Pulse from Javier Hasse

May 30, 2024 | 6:24 pm