Streetbeat News

Partnerships

TM

Toyota has become the official vehicle provider for World Wide Technology Raceway, marking its first-ever automotive manufacturer partnership with the racing facility. This includes leading fields at the NASCAR race weekend and renewing their race entitlement for the NASCAR CRAFTSMAN Truck Series Toyota 200. The Toyota Camry XSE and Toyota Tundra TRD Pro will serve as pace and support vehicles for the NASCAR Cup Series and Truck Series races, respectively.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:34 pm

ARES

AmWest Funding Corp, Ares Management Corporation (NYSE:ARES), and Park Capital Management have finalized a joint venture to purchase and invest in Non-QM loans. Ares will provide 90% of the capital, with AmWest providing the remaining 10%. The venture aims to leverage AmWest's strong mortgage origination and servicing capabilities, alongside Ares' significant experience in asset-based credit investment, to capitalize on the current market environment and build large-scale Non-QM investment and securitization platforms.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:07 pm

CNMD

CONMED Corporation (NYSE:CNMD) has promoted Patrick Beyer to the role of Chief Operating Officer (COO), effective immediately. Beyer, previously President of International and Global Orthopedics at CONMED, will now oversee the company's commercial businesses, Operations, Distribution, Regulatory Affairs / Quality Assurance, and Customer Excellence. His promotion reflects his contributions to CONMED's growth and market expansion. Beyer's experience includes leadership roles at Stryker and as CEO of ICNet International, along with leading CONMED's acquisitions of In2Bones and BioRez.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:58 pm

CDTX

JNJ

Cidara Therapeutics reacquires global rights to CD388 from Johnson & Johnson for $85M and announces a $240M private placement financing led by RA Capital Management. The financing, with significant contributions from Bain Capital Life Sciences, BVF Partners, and Canaan Partners, will fund the Phase 2b trial of CD388, a universal preventative against influenza A and B. The reacquisition and financing are seen as transformational for Cidara, with CD388 positioned as a key asset in its pipeline.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:47 pm

CDTX

Cidara Therapeutics, Inc. (CDTX) has divested its antifungal drug, rezafungin, to Mundipharma, enabling an estimated $128 million in cost savings. This strategic move allows Cidara to concentrate on advancing its Cloudbreak DFC pipeline, including the development of its lead oncology candidate, CBO421. The divestiture includes transferring future royalties, milestones, and other assets related to rezafungin to Mundipharma, which already held commercial rights outside the U.S. and Japan. This decision follows Cidara's successful development and approval of rezafungin in the US, EU, and UK for life-threatening fungal infections.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:46 pm

SBEV

Splash Beverage Group, Inc. (SBEV) announced the appointment of Julius Ivancsits as Chief Financial Officer effective April 24th, 2024. Ivancsits brings extensive experience in finance, accounting, treasury, IT, and a strong background in mergers and acquisitions, having previously served as CFO for several companies including Hexo Corporation. His appointment is expected to support Splash's growth strategy through M&A activities.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:01 pm

ETH-USD

Crypto influencer 'ethereanvibin' called off his wedding due to his fiancée's disapproval of his Ethereum obsession, emphasizing Ethereum's importance over personal relationships. Despite a 3.1% drop in ETH price to $3,125, 81% of Ethereum holders remain profitable. The crypto community reacted positively, highlighting the prioritization of crypto investments. Additionally, Polymarket predicts a low chance of spot Ethereum ETF approval by the SEC, reflecting regulatory challenges.

Portfolio Pulse from Khyathi Dalal

April 24, 2024 | 7:39 pm

DIS

MSFT

Microsoft Corp. (NASDAQ:MSFT) has unveiled a custom X-Men '97 Xbox Series X and matching controllers, inspired by the Disney+ animated series by Walt Disney Co. (NYSE:DIS). This limited edition console, featuring exclusive comic artwork, is available through a sweepstakes on Xbox's X account. Fans can win the console and special X-Men '97-inspired controllers by following Xbox on X and retweeting the sweepstakes tweet.

Portfolio Pulse from Franca Quarneti

April 24, 2024 | 7:19 pm

NOC

The U.S. State Department has approved a potential sale to Poland of advanced anti-radiation guided missiles, valued at approximately $1.275 billion. This move signifies a significant step in military cooperation and defense capabilities enhancement between the United States and Poland.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:16 pm

NFLX

TKO

Netflix Inc (NASDAQ: NFLX) is set to air a live comedy roast of Tom Brady, titled 'The Greatest Roast of All Time: Tom Brady,' on May 5, marking its first live roast event. This event is part of Netflix's broader strategy to expand into sports and live content, following the success of sports-adjacent docuseries and live specials. The company has also ventured into live sports specials, a live comedy special, and recently signed a deal with World Wrestling Entertainment, a unit of TKO Group Holdings (NYSE: TKO), to enhance its sports content library.

Portfolio Pulse from Chris Katje

April 24, 2024 | 6:24 pm