Streetbeat News

Partnerships

AIXI

Xiao-I has partnered with a Chinese banking institution to enhance knowledge management. This collaboration aims to leverage Xiao-I's AI capabilities to improve the bank's operational efficiency and customer service.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:23 pm

ABVC

ABVC Biopharma and Biolite have entered into a definitive agreement with Oncox Biopharma to collaborate on a combination therapy. ABVC and its unit are eligible to receive an aggregate license fee of $12.5 million in cash or shares of Oncox securities. Under the terms of the deal, ABVC grants Oncox exclusive rights to one of ABVC's four products in its oncology pipeline.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:17 pm

AZUL

Azul and GOL Airlines have announced a commercial cooperation agreement that will connect their flight networks in Brazil through a codeshare agreement.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:16 pm

BOF

BranchOut Food Inc. (NASDAQ:BOF) has expanded its agreement with EnWave Corporation by purchasing a third large-scale dehydration machine. This move aims to enhance BranchOut's new facility in Peru, which is expected to commence operations in Q3 and achieve an estimated $40M in production capacity with 40-50% gross margins.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:07 pm

MPU

Mega Matrix Corp. (NYSE:MPU) announced that its subsidiary, Yuder PTE, LTD, operator of FlexTV, has formed a strategic cooperation with Foxmedia Co., Ltd., a subsidiary of Neorigin Co., to enhance their short drama platform, TopReels, in South Korea.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:05 pm

SLB

SLB's OneSubsea JV has been awarded a contract for Phase 3, Stage 2 of Equinor's North Sea Troll Project. The terms of the contract were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:03 pm

BLBD

Blue Bird Corporation has reached a three-year collective bargaining agreement with the United Steelworkers (USW) Union. The contract aims to provide well-paying jobs and competitive benefits, enhancing Blue Bird's position as a preferred employer.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 12:02 pm

COIN

Shiba Inu (SHIB) has seen a significant increase in its burn rate, rising by 548.9% in the past 24 hours. The founder hinted at the possibility of a Shiba Inu ETF following the approval of the Ethereum ETF. Coinbase announced the listing of perpetual futures for Shiba Inu, Floki Inu, and Bonk, which is expected to enhance liquidity and market depth. ShibaSwap's governance token BONE is now integrated into Precipitate AI, allowing users to pay for services using BONE. Despite these developments, SHIB's price has dropped by 5.6% in the past 24 hours.

Portfolio Pulse from Khyathi Dalal

May 24, 2024 | 11:54 am

OKLO

Oklo shares are trading higher following the announcement of a collaboration with Wyoming Hyperscale to supply 100 megawatts of clean power to a data center campus.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 11:46 am

AMZN

ASIA

BABA

EBIZ

GOOG

GOOGL

MSFT

Alibaba Group Holding Limited (NYSE:BABA) has expanded its global cloud computing availability, including a new zone in Mexico and plans for new data centers in Malaysia, Thailand, and South Korea. The company aims for double-digit growth in its cloud division and has launched an advanced version of its large language model, Tongyi Qianwen. Alibaba also expanded its partnership with LVMH and plans to raise $4.5 billion via a convertible bond offering. Despite these efforts, Alibaba's stock has lost 0.5% over the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 11:35 am