Streetbeat News

Partnerships

DOC

Healthpeak Properties, Inc. (NYSE:DOC) has acquired King Street Properties' (KSP) minority interest in joint ventures involving eight lab buildings in Cambridge and Lexington, Massachusetts. This acquisition allows Healthpeak to assume day-to-day management of these properties, expanding its Boston portfolio to 2.7 million square feet. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:25 pm

QGEN

Qiagen (NYSE:QGEN) has entered into a cooperative research and development agreement with the FBI to develop a novel digital PCR assay for its QIAcuity devices, aimed at enhancing forensic DNA quantification. This first-of-its-kind assay will improve the accuracy of DNA analysis in forensic samples, including those with minimal DNA amounts or compromised by environmental factors. The collaboration will leverage dPCR technology to quantify nuclear and mitochondrial DNA, male DNA, and assess sample quality, significantly benefiting forensic analysis and next-generation sequencing.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:17 pm

AZPN

EMR

Aspen Technology, Inc. (NASDAQ:AZPN) announced the appointment of David Baker as Senior Vice President, Chief Financial Officer, effective June 3, 2024. Baker, with over 27 years at Emerson Electric Co. (NYSE:EMR), brings extensive financial leadership experience. His role at Emerson involved leading financial planning and analysis and spearheading a cost reset plan for the Automation Solutions business, which achieved record orders, sales, and EBITA in 2022. AspenTech's CEO, Antonio Pietri, highlighted Baker's strategic and leadership skills as crucial for driving corporate strategy and shareholder value. Baker's appointment aligns with AspenTech's focus on digital solutions and innovation for asset-intensive companies during the energy transition.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:08 pm

PENN

PENN Entertainment (NASDAQ:PENN) shares rose after announcing a multiyear partnership making ESPN Bet the Official Sports Betting Sponsor of the PGA Championship through 2026. This marks a significant milestone as the first men's golf major with an official sports betting sponsor, leveraging PENN's technology and ESPN's brand to enhance fan engagement. The partnership is expected to positively impact PENN's positioning in the sports betting market.

Portfolio Pulse from vaishaliprayag@benzinga.com

May 07, 2024 | 9:08 pm

GOOGL

Alphabet Inc (NASDAQ:GOOGL) is launching a new cybersecurity tool, Google Threat Intelligence, utilizing generative AI to enhance cybersecurity. The tool integrates Google's Mandiant cybersecurity unit and VirusTotal with the Gemini AI model for rapid malware reverse engineering and summarizing threat reports. This initiative aims to provide a comprehensive network for monitoring threats and assessing security vulnerabilities in AI projects, leveraging Mandiant's threat detection expertise and VirusTotal's community-contributed threat indicators.

Portfolio Pulse from Franca Quarneti

May 07, 2024 | 8:58 pm

IP

International Paper (IP) has stated it will not comment on rumors or speculation following recent media reports. Under the leadership of new CEO Andy Silvernail, IP is focusing on executing business strategies, improving commercial and cost initiatives, and completing its combination with DS Smith to enhance shareholder value. The company anticipates emerging from a cyclical earnings bottom as industry conditions improve.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:53 pm

IRBT

iRobot Corp. (NASDAQ:IRBT) has appointed Gary Cohen as its new CEO, effective immediately. Cohen brings over 25 years of executive leadership and experience in turning around companies. He aims to lead iRobot towards profitability following its recent operational restructuring. Cohen's background includes significant roles at Gillette, Timex, Energizer, and Qualitor Automotive, where he has successfully driven growth and operational efficiencies. His appointment is part of iRobot's strategy to re-orient its business towards innovation, product and commercial strategies, and operational excellence.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:51 pm

DRS

Leonardo DRS, Inc. (NASDAQ:DRS) has been awarded a contract by Boeing Defense to supply the upgraded Aerial Refueling Operator Station (AROS 2.0) for the U.S. Air Force's KC-46 Pegasus tanker fleet. This system is an enhancement of the previous AROS refueling operator stations, with DRS having already provided over 85 consoles of the first generation. The company expressed pride in continuing to support aircrew refuelers with advanced technology and looks forward to maintaining its strong partnership with Boeing.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:49 pm

STAA

STAAR Surgical Company (NASDAQ:STAA) has entered into a strategic agreement with IQ Laser Vision, marking a significant commitment to the EVO ICL product in the U.S. This partnership aims to make EVO ICL lenses a primary option for surgical vision correction, intending to nearly double the volume of EVO ICLs within the next 12 months. The collaboration will include marketing, education, and clinical support to increase awareness and availability of EVO ICL across IQ Laser Vision's practices. STAAR Surgical's CEO, Tom Frinzi, highlighted the agreement as a milestone in the U.S. Highway 93 go-to-market program and a step towards establishing lens-based procedures as the future of refractive vision correction.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:42 pm

AMZN

RIVN

Rivian Automotive reported Q1 earnings with revenue of $1.20 billion, surpassing estimates but missed EPS expectations with a loss of $1.48 per share. Vehicle production and deliveries exceeded forecasts, and the company unveiled R2 and R3 models, targeting the midsize SUV and crossover segment. Rivian reaffirmed its 2024 production guidance and highlighted its partnership with Amazon to deliver 100,000 electric vans. Shares fell 1% in after-hours trading.

Portfolio Pulse from Chris Katje

May 07, 2024 | 8:38 pm