Streetbeat News

Partnerships

ANIK

Anika Therapeutics has entered into a cooperation agreement with Caligan Partners and appointed Joseph Capper and William Jellison to its Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:09 pm

BMY

PRTA

Prothena will receive $80 million from Bristol Myers Squibb for an exclusive global license to PRX019. A Phase 1 clinical trial is set to begin in 2024.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:08 pm

AILE

iLearningEngines and Doblu.ai have announced a partnership to leverage AI for business insights and efficiencies.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:06 pm

DRS

Leonardo DRS has been awarded a $26 million contract from NAVSEA for AN/SPQ-9B radar design agent and engineering services.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:03 pm

GOOGL

META

MSFT

French startup Mistral AI is expanding into the U.S. market, aiming to compete with OpenAI and Google. The company has attracted significant investment and political attention, and is supported by Microsoft, which will host Mistral's AI model on its Azure platform. Mistral has also partnered with IBM and Snowflake for distribution.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 6:34 pm

AMD

IFNNY

INTC

Malaysia aims to attract $107 billion in investments for its semiconductor sector, focusing on integrated circuit design, advanced packaging, and chip manufacturing equipment. Major firms like Intel and Infineon have already made significant investments in the country. The government will allocate $5.3 billion in fiscal support and offer incentives to attract global tech companies.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 6:11 pm

PEGY

Pineapple Energy Inc. (NASDAQ:PEGY) shares surged after its subsidiary SUNation signed a 1.95-megawatt project. The project will start in early July and features an expedited installation. The stock has seen heavy trading volume and a significant price increase.

Portfolio Pulse from Erica Kollmann

May 28, 2024 | 6:00 pm

WB

YALA

Yalla Group Ltd. (NYSE:YALA) reported strong profit growth of 56% in its latest quarterly results, but revenue growth was slower at 7.1%. The company is focusing on expanding into midcore and hardcore gaming by seeking partnerships with established game publishers. Yalla recently joined the UK Interactive Entertainment Association to explore these opportunities. Despite a brief dip, Yalla's stock has shown an 11% increase over the last year.

Portfolio Pulse from The Bamboo Works

May 28, 2024 | 5:53 pm

FCEL

FuelCell Energy has signed a long-term service agreement with Gyeonggi Green Energy Co. The agreement includes the purchase of 42 upgraded carbonate fuel cell modules to replace existing modules at the Hwaseong Baran Industrial Complex. FuelCell Energy expects to receive approximately $160 million in revenue over the term of the agreement.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:50 pm

GOOG

GOOGL

John Abbot has been appointed as the first Chief Financial Officer of Google Fiber, a subsidiary of Alphabet Inc. This strategic hire is expected to enhance the financial management and growth prospects of Google Fiber.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:39 pm