Streetbeat News

Partnerships

IBRX

MRK

ImmunityBio Inc (NASDAQ:IBRX) announced an exclusive global supply agreement with the Serum Institute of India for Bacillus Calmette-Guerin (BCG) to address shortages for its bladder cancer combination therapy with Anktiva. The FDA approved Anktiva plus BCG for certain bladder cancers in April. The deal includes the supply of standard BCG and a next-generation recombinant BCG for clinical trials and future indications. ImmunityBio's shares slightly declined following the announcement.

Portfolio Pulse from Vandana Singh

May 03, 2024 | 4:19 pm

SGBX

Safe & Green Holdings (NASDAQ:SGBX) shares surged 149% to $7.30 after announcing its SG Echo subsidiary is set to deliver its first sustainable modular unit to a quick-service restaurant in the Pacific Northwest. The unit has passed its final plant inspection and is scheduled for shipment in Q2 2024. The company's strategic location in Durant, OK, is emphasized for its nationwide commercial market service capability.

Portfolio Pulse from Henry Khederian

May 03, 2024 | 4:03 pm

PLUG

Plug Power Inc. shares are experiencing an uptick following the announcement of a Memorandum of Understanding (MOU) with Allied Green Ammonia. This agreement involves the supply of 3GW of electrolyzers for a green ammonia production facility, highlighting Plug Power's expanding role in the green energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:56 pm

CNDT

MSFT

Conduent Inc's shares surged after announcing the sale of its Casualty Claims Solutions business to MedRisk for $240 million. The deal includes workers' compensation and auto casualty bill review solutions, and the Strataware bill review software products. Conduent also reported a slight sales decline in Q1 FY24 but beat analyst estimates. Additionally, Conduent has partnered with Microsoft to use Azure OpenAI Service and sold its Curbside and Public Safety Solutions businesses to Modaxo.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 3:43 pm

LLAP

LMT

Terran Orbital Corp (LLAP) shares dropped 15.8% to $1.09 after Lockheed Martin Corp (LMT) withdrew its buyout proposal. Despite this, Terran Orbital values its partnership with Lockheed Martin and looks forward to continued collaboration. The company remains focused on exceeding customer expectations with advanced satellite solutions. Over the past year, LLAP shares have fallen 36.48%, with a significant drop of 20.01% in the last month.

Portfolio Pulse from Henry Khederian

May 03, 2024 | 3:01 pm

CRWD

EBS

KIND

NIO

PLUG

Benzinga's Stock Whisper Index highlights NIO, EBS, PLUG, CRWD, and KIND as stocks to watch. NIO reported a significant increase in vehicle deliveries, EBS beat Q1 financial expectations and raised revenue guidance, PLUG announced new contracts and a safety certification, CRWD expanded its partnership with AWS, and KIND anticipates better-than-expected Q1 results.

Portfolio Pulse from Chris Katje

May 03, 2024 | 2:51 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares rose by 11.2% following the announcement of a memorandum of understanding with Allied Green Ammonia (AGA) for supplying up to 3GW of electrolyzer capacity for AGA's hydrogen-to-ammonia facility in Australia. The deal includes initiating a Basic Engineering and Design Package (BEDP) with a final investment decision expected in Q4 2025 and delivery starting Q1 2027. Additionally, Plug Power recently secured contracts to supply cryogenic equipment to a multinational industrial gas company and a statewide electric utility, and is finalizing another agreement with a leading industrial gas company.

Portfolio Pulse from Nabaparna Bhattacharya

May 03, 2024 | 2:45 pm

CGC

Canopy Growth Corporation (CGC) has announced a financing deal with an institutional investor to receive approximately $50 million in gross proceeds and exchange about $20 million of existing debt for a new convertible debenture. The deal includes issuing additional common share purchase warrants and aims to use the proceeds for working capital and general corporate purposes. This move is part of Canopy's strategy to accelerate its entry into the U.S. market, following shareholder approval for the spin-out of Canopy USA.

Portfolio Pulse from Jelena Martinovic

May 03, 2024 | 1:31 pm

PARA

Skydance Media will not extend its exclusivity agreement with Paramount Global (PARA), as reported by CNBC. This development could impact Paramount's future content pipeline and its competitive position in the entertainment industry.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:22 pm

ALCC

EQIX

FANG

LEU

The upcoming acquisition of Oklo Inc. by AltC Acquisition Corp. (NYSE:ALCC) is generating significant interest, with comparisons to the DJT stock surge post-merger. Reddit users anticipate a similar 'rocket fuel' rally for ALCC, driven by Sam Altman's involvement and the clean energy focus of Oklo. Oklo has shown strong business momentum, with partnerships and approvals bolstering its position. The special meeting for AltC stockholders to approve the merger is set for May 7, 2024.

Portfolio Pulse from Surbhi Jain

May 03, 2024 | 1:17 pm