Streetbeat News

Partnerships

HII

HII, a leading manufacturer of underwater unmanned vehicles (UUVs), announced the sale of three REMUS 100s and five REMUS 300s to the Royal Navy, marking a significant milestone in the partnership between HII and the UK military. This sale is part of a long history of collaboration, with the UK's Ministry of Defence acquiring various REMUS models over the past 20 years for mine countermeasure operations. The REMUS UUVs are known for their versatility, reliability, and advanced sensor capabilities, enhancing the Royal Navy's operational efficiency in maritime missions. HII has sold over 600 UUVs globally, including to 14 NATO member countries.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:03 pm

BNTX

PFE

BioNTech SE (NASDAQ:BNTX) reported a Q1 EPS loss of 1.31 euros, missing consensus estimates and marking a significant downturn from the previous year's profit. Sales also declined sharply to 187.6 million euros from 1.3 billion euros year-over-year, missing consensus forecasts. The company anticipates recognizing 90% of its full-year revenues in the last months of 2024, with a strong focus on its oncology pipeline. Partner Pfizer Inc. (NYSE:PFE) expects $5 billion from BioNTech's Comirnaty-COVID-19 vaccine as part of its $8 billion forecast for 2024 COVID-19 product sales. BNTX shares dropped 0.49% to $92.27.

Portfolio Pulse from Vandana Singh

May 06, 2024 | 2:02 pm

LILM

Lilium N.V (NASDAQ:LILM) shares surged after announcing a partnership with UrbanLink, which will purchase 20 Lilium Jets for its operations in South Florida. This marks a significant milestone for Lilium and the commercialization of eVTOLs in the U.S., highlighting a growing market demand. UrbanLink, led by Ed Wegel, chose Lilium for its jet's design, range, and cost-effectiveness, aiming to revolutionize urban mobility. Lilium's stock rose 18.3% to $1.23 following the announcement.

Portfolio Pulse from Adam Eckert

May 06, 2024 | 1:52 pm

FXI

VGK

Chinese President Xi Jinping announced China's readiness to collaborate with the EU on organizing an international peace conference aimed at addressing the Palestinian-Israeli conflict. This announcement was made during a trilateral meeting with French President Emmanuel Macron and European Commission President Ursula von der Leyen. The conference aims to establish a timetable and roadmap for a two-State solution, promoting a comprehensive, just, and lasting settlement.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:49 pm

EMN

SEE

Eastman and Sealed Air have partnered to develop certified compostable protein trays, offering a sustainable alternative to traditional polystyrene trays. This collaboration highlights the commitment of both companies to sustainable innovation in packaging solutions.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:49 pm

MULN

Mullen Automotive has signed an agreement with National Auto Fleet Group (NAFG), a California-based company approved by HVIP, offering up to $45,000 cash vouchers at purchase. NAFG, holding two Sourcewell contracts, caters to state, local government, and educational institutions with pending orders and deliveries. Sourcewell, a government agency, manages competitively solicited contracts.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:18 pm

EWQ

FXI

VGK

In a meeting with Macron and Von Der Leyen, China's Xi stated that China, France, and the EU wish for an early ceasefire and peace in Europe, supporting a political settlement of the crisis. Xi emphasized opposing the escalation of fighting, safeguarding international energy and food security, and maintaining stable industrial and supply chains. He clarified that China did not create the Ukraine crisis and is not a party to it.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:16 pm

AAPL

Speculation in industry supply chains suggests Apple is exploring collaboration with an electric vehicle startup, according to a DigiTimes alert.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:12 pm

BURU

NUBURU, Inc. (NYSE:BURU) has been awarded an $850,000 Phase II contract by NASA to advance its blue laser power transmission technology for Lunar and Martian applications. This technology aims to reduce the size and weight of power beaming equipment, offering a unique solution for power management in space. The contract builds on a successful Phase I SBIR project and aligns with NASA's Artemis program goals. NUBURU's technology has potential applications in various sectors including industrial, medical, defense, and more.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:11 pm

CART

CMCSA

ROFDA wholesalers, representing over 2,250 stores in the U.S., have chosen Instacart's Carrot Ads solution to power their new online retail media networks. This collaboration aims to enhance digital advertising capabilities for these stores.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:06 pm