Streetbeat News

Partnerships

XERS

Xeris Biopharma Holdings, Inc (NASDAQ:XERS) shares rose after announcing a worldwide collaboration and license agreement with Beta Bionics to develop and release a glucagon product using Xeris's XeriSol technology. The agreement includes potential development payments and royalties for Xeris. The company is also set to release its Q1 2024 earnings, with an expected EPS loss of 12 cents and revenue of $41.815 million.

Portfolio Pulse from Dylan Berman

May 06, 2024 | 3:37 pm

ORCL

Red Hat, Inc. and Oracle have announced the general availability of Red Hat OpenShift on Oracle Cloud Infrastructure (OCI). This collaboration combines Red Hat's leading hybrid cloud application platform with Oracle's distributed cloud, offering validated and supported configurations of Red Hat OpenShift on OCI Compute Virtual Machines. The partnership aims to meet customer needs for regulatory compliance, performance, and cost-effectiveness across 69 regions. Red Hat OpenShift on OCI supports customer-managed installations with multiple installation methods and integrates OCI storage and API interoperation. The offering is critical for industries with complex regulatory environments and aims to optimize performance and cost.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:03 pm

GOSS

Traders are circulating unconfirmed analyst comments suggesting that Gossamer Bio's partnership with Chiesi Group for the development of Seralutinib is a significant win. This partnership is believed to increase the probability of success (PoS) for Seralutinib as a leading therapeutic option. The analyst also reiterated a buy rating and a $15 price target for Gossamer Bio.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:40 pm

MULN

Mullen Automotive's stock is trading higher following the announcement of a signed agreement with National Auto Fleet Group.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:17 pm

AMZN

GOOG

GOOGL

YouTube star MrBeast is parting ways with his talent management company, Night Media, to seek more control over his business. Despite the potential for continued collaboration, the move reflects MrBeast's desire for greater autonomy and possibly to manage his ventures, including the Feastables candy bar company and MrBeast Burger brand. MrBeast, with over 250 million YouTube subscribers, is also launching a game show on Amazon Prime Video, promising creative control and a significant prize, which could expand his audience and attract new brand partnerships.

Portfolio Pulse from Chris Katje

May 06, 2024 | 2:16 pm

DTSS

IPW

Datasea Inc. (DTSS) pre-announced an estimated revenue of $12.5M for April 2024, supporting its FY24 revenue guidance of $86M, indicating a significant year-over-year increase. This growth is attributed to its 5G multimodal communication business in China. The company also highlighted its advancements in AI and intelligent acoustics technology, including a partnership with iPower Inc. (IPW) to distribute its acoustic products in the U.S. market. Datasea's financial results are preliminary and subject to adjustments.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:05 pm

HII

HII, a leading manufacturer of underwater unmanned vehicles (UUVs), announced the sale of three REMUS 100s and five REMUS 300s to the Royal Navy, marking a significant milestone in the partnership between HII and the UK military. This sale is part of a long history of collaboration, with the UK's Ministry of Defence acquiring various REMUS models over the past 20 years for mine countermeasure operations. The REMUS UUVs are known for their versatility, reliability, and advanced sensor capabilities, enhancing the Royal Navy's operational efficiency in maritime missions. HII has sold over 600 UUVs globally, including to 14 NATO member countries.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:03 pm

BNTX

PFE

BioNTech SE (NASDAQ:BNTX) reported a Q1 EPS loss of 1.31 euros, missing consensus estimates and marking a significant downturn from the previous year's profit. Sales also declined sharply to 187.6 million euros from 1.3 billion euros year-over-year, missing consensus forecasts. The company anticipates recognizing 90% of its full-year revenues in the last months of 2024, with a strong focus on its oncology pipeline. Partner Pfizer Inc. (NYSE:PFE) expects $5 billion from BioNTech's Comirnaty-COVID-19 vaccine as part of its $8 billion forecast for 2024 COVID-19 product sales. BNTX shares dropped 0.49% to $92.27.

Portfolio Pulse from Vandana Singh

May 06, 2024 | 2:02 pm

LILM

Lilium N.V (NASDAQ:LILM) shares surged after announcing a partnership with UrbanLink, which will purchase 20 Lilium Jets for its operations in South Florida. This marks a significant milestone for Lilium and the commercialization of eVTOLs in the U.S., highlighting a growing market demand. UrbanLink, led by Ed Wegel, chose Lilium for its jet's design, range, and cost-effectiveness, aiming to revolutionize urban mobility. Lilium's stock rose 18.3% to $1.23 following the announcement.

Portfolio Pulse from Adam Eckert

May 06, 2024 | 1:52 pm

FXI

VGK

Chinese President Xi Jinping announced China's readiness to collaborate with the EU on organizing an international peace conference aimed at addressing the Palestinian-Israeli conflict. This announcement was made during a trilateral meeting with French President Emmanuel Macron and European Commission President Ursula von der Leyen. The conference aims to establish a timetable and roadmap for a two-State solution, promoting a comprehensive, just, and lasting settlement.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:49 pm