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Despite rising US-China tensions, major pharmaceutical companies like AstraZeneca, Novartis, Bristol Myers Squibb, and Sanofi are pursuing deals in China to strengthen their drug pipelines. AstraZeneca acquired Gracell Biotechnologies for $1.2 billion, and Novartis bought the remaining shares of SanReno Therapeutics. This trend continues despite geopolitical risks and economic challenges.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 7:42 am

CSTM

Constellium SE (NYSE:CSTM) has partnered with Lotte Infracell to supply foilstock for EV battery foil applications in Europe. Constellium will invest €30 million in its German plant to enhance production capacity, creating around 20 new jobs.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:41 am

ACIW

ACI Worldwide and Worldpay have extended their strategic partnership to enhance global payment solutions. This collaboration aims to improve payment processing capabilities and expand their market reach.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:30 am

PSO

Pearson has secured a four-year contract to provide an online learning and skills platform for the UK government. This contract is expected to enhance Pearson's revenue and market position in the online education sector.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:28 am

LILM

Lilium, SEA Milan Airports, and Skyports have signed an MoU to develop an eVTOL network in Northern Italy, starting with a route between Milan Malpensa Airport and Milan city centre. This project aims to enhance regional air mobility and connectivity using the Lilium Jet and other eVTOL aircraft.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:27 am

TSLA

Venture capitalist Naval Ravikant praised Tesla CEO Elon Musk as the 'real winner' following President Joe Biden's announcement to drop out of the 2024 election. Ravikant also commented on Trump's continued use of Truth Social, suggesting it is detrimental to him. The news comes amid Tesla's earnings report and Musk's endorsement of Trump.

Portfolio Pulse from Kaustubh Bagalkote

July 23, 2024 | 7:04 am

GWRE

SAISON Auto & Fire Insurance has adopted Guidewire ClaimCenter to streamline its auto insurance claims process.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:25 am

RNAZ

TransCode Therapeutics has announced a $3 million public offering of 10 million common shares at $0.30 per share. The proceeds will be used for product development, including clinical trials for its lead therapeutic candidate TTX-MC138, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:21 am

BTCUSD

Senator Cynthia Lummis hinted at significant upcoming news related to Bitcoin, sparking speculation about potential political moves involving Bitcoin. Her cryptic message has stirred the crypto community, especially amid rumors of Donald Trump potentially declaring Bitcoin a strategic reserve asset if re-elected.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 6:10 am

AMZN

GOOG

GOOGL

Amazon's strategy of selling Echo devices at low prices has resulted in billions of dollars in losses. CEO Andy Jassy is rethinking the business model, including launching a paid tier for Alexa. The company is also re-evaluating the 'downstream impact' metric developed under Jeff Bezos.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 5:15 am