Streetbeat News

Products Services

STT

State Street Corporation (NYSE:STT) has announced a strategic partnership with Swiss cryptocurrency firm Taurus SA to enhance its digital asset capabilities. This collaboration aims to strengthen State Street's Digital Asset Solutions by integrating Taurus' custody, tokenization, and node-management solutions. Additionally, State Street has issued $1 billion in senior debt and reported strong second-quarter fiscal 2024 revenues.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 4:12 pm

BITF

SDIG

Bitfarms Ltd. (NASDAQ:BITF) is acquiring Stronghold Digital Mining, Inc. (NASDAQ:SDIG) in a $175 million deal, including $50 million in assumed debt. The merger, expected to close in Q1 2025, will expand Bitfarms' operational capacity and energy portfolio, reflecting a trend of consolidation in the Bitcoin mining industry.

Portfolio Pulse from Murtuza Merchant

August 21, 2024 | 3:53 pm

RDHL

Redhill Biopharma's shares are rising following the launch of their product Talicia in the United Arab Emirates.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:50 pm

COSM

Cosmos Health's subsidiary, Cana Laboratories, has completed facility upgrades and secured a contract with Provident Pharmaceuticals to manufacture 4.32 million vials of DE3-SOLE.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:49 pm

TSLA

Tesla has removed the no-resale clause from its Cybertruck sales agreement, allowing buyers to resell their vehicles without penalties. This change aligns with the broader release of the Foundation Series Cybertruck, now available for direct purchase. Tesla has also lifted bans on certain resellers. The Cybertruck has been the top-selling vehicle in the U.S. priced above $100,000 for the past two months.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 3:45 pm

COST

LLY

NVO

Sesame has launched a $249 monthly program offering compounded versions of Novo Nordisk's Wegovy, addressing supply shortages and high costs. This move provides a more affordable alternative to brand-name drugs, which can cost around $1,000 per month.

Portfolio Pulse from Vandana Singh

August 21, 2024 | 3:44 pm

MCD

McDonald's plans to invest $1.30 billion in the U.K. and Ireland over the next four years, opening 200 new stores and upgrading 1,500 others, creating over 24,000 jobs.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:43 pm

INCY

Incyte will present significant data from its oncology portfolio at the ESMO Congress 2024, including Phase 3 results for retifanlimab in SCAC and initial Phase 1 data for a CDK2 inhibitor. A supplemental Biologics License Application for retifanlimab is planned by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:41 pm

BPTH

Bio-Path Holdings shares are trading lower following updates on their clinical trials. The company reported progress in its Phase 1/1b trial of BP1001-A for solid tumors and its Phase 2 study of prexigebersen for Acute Myeloid Leukemia.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:39 pm

BABA

Alibaba Group's international e-commerce arm reported a 32% revenue growth, driven by strong cross-border business and innovations. AliExpress and Lazada showed significant performance improvements, with Lazada achieving its first positive EBITDA. Alibaba's stock rose 4.6% following the results.

Portfolio Pulse from The Bamboo Works

August 21, 2024 | 3:35 pm