Streetbeat News

Partnerships

LEEEF

LFLY

At the Benzinga Cannabis Capital Conference in Florida, industry leaders discussed the transformation of the cannabis sector into a consumer packaged goods (CPG) model. Leafly's CCO Carlos Pinto moderated a panel on data-driven strategies for consumer products. Kris Walker of Hoodie Analytics and Christine Smith of Gron Edibles emphasized the importance of data in product development and market strategies. Micah Anderson of LEEF Brands shared insights on using customer feedback for product refinement. The discussion also covered the significance of understanding consumer demographics, strategic distribution, and packaging for success in the CPG space.

Portfolio Pulse from Patricio Liddle

May 07, 2024 | 4:22 pm

BIDU

FXI

TSLA

Tesla is set to test its 'Robotaxi' in China, despite a source close to Baidu indicating no new deal related to Full Self-Driving (FSD) functions between Tesla and Baidu. This development suggests Tesla's continued expansion in autonomous driving technology in China without necessarily partnering with Baidu for FSD functionalities.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:21 pm

HMC

Honda Motor (HMC) is partnering with Teito Motor Transportation and Kokusai Motorcars to launch self-driving taxis in Tokyo by 2026. This collaboration, which divides operation and support, is a departure from the all-in-one model seen in the U.S. and China. Honda is also working with the government on regulatory changes to facilitate this initiative.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:57 pm

OGEN

Oragenics shares surged following the announcement of a partnership with Avance Clinical for a Phase II clinical trial in Australia.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:56 pm

BA

Emirates CEO Sheikh Ahmed bin Saeed Al Maktoum expressed dissatisfaction with Boeing (NYSE:BA) over safety crises and delivery delays, as Boeing's CEO David Calhoun announces retirement amid these challenges. Despite frustrations, Emirates, Boeing's largest customer for widebody jets, has not indicated plans to cancel or switch its substantial orders to Airbus. Boeing faces its worst crisis since the 737 Max jet crashes, with recent audits revealing non-compliance in manufacturing quality control. Amidst this, Boeing's stock saw a slight decline.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 2:35 pm

BA

EADSY

SPR

Spirit AeroSystems Holdings Inc (NYSE:SPR) reported Q1 2024 results with a 19% Y/Y revenue increase to $1.703 billion, surpassing consensus estimates. Despite higher production activities and defense revenues, the company faced challenges including a significant operating loss and negative EPS due to Boeing 737 production disruptions and delivery delays. Spirit's backlog is approximately $49 billion, including Airbus and Boeing commercial platforms. The company withheld guidance amid Boeing acquisition talks and production uncertainties. Shares of SPR traded lower by 1.21%.

Portfolio Pulse from Akanksha Bakshi

May 07, 2024 | 2:34 pm

CRWD

CrowdStrike announced the launch of CrowdStrike Falcon for Defender, designed to augment Microsoft Defender deployments to enhance security and stop missed attacks. This solution, part of the AI-native CrowdStrike Falcon XDR platform, aims to reduce the operational burden on security teams by providing additional visibility into threats and facilitating threat hunting to prevent breaches.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:15 pm

NTRS

Northern Trust (NASDAQ:NTRS) has been selected by Cornerstone FTM, a fintech-focused investment fund, to provide Research Management System (RMS) and Portfolio Construction solutions, along with custody and hedge fund administration services. This partnership, including collaboration with Equity Data Science (EDS), underscores the growing demand for Northern Trust's Investment Data Science (IDS) offerings, which have seen a significant client increase over the past year. The tools provided will enhance Cornerstone FTM's investment process through advanced data aggregation, ingestion, and visualization capabilities.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:13 pm

SUPN

M8 Pharmaceuticals has entered into an exclusive licensing agreement with Supernus Pharmaceuticals (NASDAQ:SUPN) to seek regulatory approval and commercialize Qelbree, a non-stimulant ADHD medication, in Latin America. Qelbree is approved in the US for treating ADHD in adults and children aged 6 and older. This partnership aligns with Acino's mission to expand access to innovative medicines in Latin America and strengthens its position in the CNS therapeutic area. Supernus has chosen M8 as a partner for Qelbree's regulatory approval and commercialization in Mexico and Brazil, highlighting the company's commitment to addressing ADHD treatment challenges globally.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:03 pm

CNTY

NRGV

Energy Vault announced the successful testing and commissioning of the world's first commercial, grid-scale gravity energy storage system, the Rudong 25 MW/100 MWh EVx system, by China Tianying (CNTY) on May 4. The event was marked by the presence of Chen Huiyu, Secretary of the County Party Committee. This follows the mechanical completion in September 2023 and successful state grid interconnection in December 2023. Additionally, Energy Vault has extended its licensing agreement with Atlas Renewable for the EVx gravity energy storage system technology from 7.5 to 15 years, with over 3.7GWh of projects in China underway.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:59 pm