Streetbeat News

Partnerships

SUUN

SolarBank Corporation (NASDAQ:SUUN) has signed lease agreements for five sites in Orleans County, New York, totaling 94 acres for the development of a 30 MW DC solar power project. These projects are expected to qualify for incentives under the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:48 am

UUUU

Energy Fuels (UUUU) has signed a definitive agreement to acquire all issued shares of Base Resources for approximately A$375M, including the Toliara heavy mineral sands project in Madagascar. This acquisition will enable low-cost, U.S.-centered rare earth oxide production through processing at Energy Fuels' White Mesa Mill. The deal also includes Base Resources' experienced mine development and operations team. Energy Fuels is in discussions with U.S. government agencies for support on this critical mineral project, which complements its U.S. uranium production capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:01 am

IPSEY

Ipsen and Skyhawk Therapeutics have announced a partnership to develop RNA-based treatments for rare neurological conditions. This collaboration aims to leverage Skyhawk's expertise in RNA splicing to address unmet medical needs in neurology.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:41 am

WKEY

WISeKey International has been selected by the Government of Seychelles to develop 'SeyID', a digital identity platform aimed at supporting eGovernment, eTourism, and eHealth initiatives. This project underscores WISeKey's role as a leader in cybersecurity, digital identity, and IoT innovations.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:29 am

RIVN

MEVCO has entered into an exclusive global partnership with Rivian Automotive (RIVN) to supply electric vehicles (EVs) to the mining industry, marking a significant step towards sustainable and efficient mining practices.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:26 am

AAPL

AMZN

GOOG

META

MSFT

SONY

SPOT

Last week in consumer tech saw Alphabet's Google employees protest a cloud contract, SpaceX's Elon Musk accepting a challenge from Roscosmos, and a Texas judge halting an investigation into Media Matters. Sony is releasing a new PS5 version, a Star Wars-Fortnite crossover is announced, and Nintendo showcased indie games. EA plans a Black Panther game, and Apple faces a decline in iPhone shipments but explores manufacturing in Indonesia. Huawei launches new smartphones, Meta's Llama 3 AI model excels in tests, and Spotify's AI DJ personalizes music streaming. Amazon's Twitch to launch a TikTok-style feed, and Microsoft's investment in OpenAI won't face EU investigation.

Portfolio Pulse from Lekha Gupta

April 21, 2024 | 3:01 pm

MRMD

At the Benzinga Cannabis Capital Conference in Florida, industry leaders, including MariMed's CEO John Levine, discussed strategies for scaling cannabis businesses amidst challenges. Levine highlighted MariMed's focus on strategic expansion through vertical integration and mergers. Seth Yakatan emphasized the importance of focusing on core strengths for cash flow, while Alex Gray of Good Day Farm advocated for efficiency and cost reduction. The panel also addressed the hurdles of raising capital, supply chain complexities, and the need for market-specific adaptations. A shift in investor attitudes towards valuing sustainable growth over rapid expansion was noted.

Portfolio Pulse from Nicolás Jose Rodriguez

April 21, 2024 | 2:53 pm

LUXX

NBCC

NKE

Nike, Inc. (NYSE:NKE) plans to cut approximately 740 jobs at its Oregon headquarters as part of a cost-saving initiative aiming to trim $2 billion in expenses over three years, in response to a projected revenue decline in the first half of fiscal 2025. This follows an earlier announcement of over 1,600 job cuts, about 2% of its workforce. Amid these cuts, Nike is finalizing a significant endorsement deal with WNBA draft first pick Caitlin Clark. The company's stock has lost over 24% in the past year, and investors can gain exposure to NKE through ETFs like NBCC and LUXX.

Portfolio Pulse from Nabaparna Bhattacharya

April 20, 2024 | 7:46 pm

FSR

GOEV

KARS

LCID

RIVN

TSLA

Tesla faced a challenging week with job cuts, price reductions, and lowered analyst expectations, impacting its stock negatively. Rivian also announced job cuts due to the industry slowdown. Canoo received a 'Buy' rating from Benchmark, while Lucid showcased its 2024 Air Grand Touring with the longest range among US EVs. Fisker announced new dealer partnerships amid bankruptcy concerns. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader market trends and specific company issues in the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:33 pm

DASH

Jeff Blackburn, a former Amazon executive, has joined the Board of Directors at DoorDash, a move that could bring valuable experience and insights to the company as it continues to expand and compete in the delivery service market.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:20 pm