Streetbeat News

Partnerships

MSFT

President Joe Biden and Microsoft Corp. President Brad Smith are set to announce a $3.3 billion investment in an artificial intelligence data center in Racine County, Wisconsin. This investment is on the same land where a failed tech project by Foxconn, a supplier for Apple, was initially planned. The announcement is part of Biden's efforts to promote bipartisan infrastructure and semiconductor subsidies, aiming to boost domestic manufacturing and investments across the U.S. This move is also seen as crucial for Biden's reelection campaign, especially in the key battleground state of Wisconsin.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 12:08 pm

NCPL

Netcapital Inc. (NASDAQ:NCPL), through its subsidiary Netcapital Securities Inc., has applied for a broker-dealer registration with FINRA to expand its service offerings, including Reg A+ and Reg D deals. This move aims to support private companies with larger and later stage financings, potentially increasing Netcapital's revenue through additional fees and expanded distribution capabilities. The application's approval is pending with FINRA and the SEC, and no assurance is provided on the timeline or guarantee of approval.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:03 pm

WIT

Wipro and Kognitos have announced a collaboration to deploy enterprise-ready GenAI-based business automation solutions. This partnership aims to enhance business processes through advanced AI technologies, potentially improving efficiency and innovation for clients.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:45 am

SGHC

Super Group has entered into definitive agreements to assume full control of its sportsbook software technology, previously licensed by Apricot, its long-standing software partner. This strategic move aims to consolidate its technology assets and enhance its operational capabilities in the sportsbook sector.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:29 am

TGNA

TEGNA and the Indiana Fever have expanded their broadcast partnership to include 11 additional markets, joining WTHR, TEGNA's Indianapolis NBC affiliate. This expansion creates a 12-market footprint for airing 17 Indiana Fever games for free over the air in 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:12 am

IDR

Idaho Strategic Resources (IDR) has signed a non-binding memorandum of understanding with Radiant Industries to join the Kaleidos Frontier Pilot Program, aiming to explore new strategic opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:11 am

TRAK

ReposiTrak is set to expand its traceability network by incorporating 20 new seafood companies, leveraging its SaaS platform for inventory management and reducing out-of-stocks.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:10 am

ENVB

Enveric Biosciences (NASDAQ:ENVB), a psychedelics biotech firm, has signed a $61M non-binding term sheet for exclusive licensing of two patented methods using cannabinoids with chemotherapy for cancer treatment. The licensee, undisclosed, will handle all future development, with Enveric receiving up to $61M plus 2.5% to 10% royalties on sales. This deal highlights Enveric's discovery capabilities and its potential in advancing cancer treatments.

Portfolio Pulse from Nina Zdinjak

May 08, 2024 | 11:06 am

ACM

AECOM, in a joint venture with Arup, has been selected as the design and consenting service partner for the UK National Grid's Great Grid Partnership. This project aims to enhance the UK's power transmission network, supporting the country's transition to renewable energy. The partnership underscores AECOM's strategic expansion in infrastructure and energy services, potentially boosting its market position and future revenue streams.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:56 am

ALB

MLM

Albemarle has entered into an innovative agreement with Martin Marietta Materials for the beneficial use of extracted limestone from Albemarle's proposed Kings Mountain Mine project. This collaboration highlights a strategic partnership aimed at utilizing resources efficiently and could signal positive environmental and operational synergies between the two companies.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:52 am