Streetbeat News

Partnerships

SPEC

Spectaire Holdings (SPEC) shares are trading higher following the announcement of a distribution partnership agreement with a Fortune 1000 Energy Company. This partnership is expected to enhance Spectaire's market presence and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:47 am

EPM

PED

PEDEVCO, in partnership with Evolution Petroleum Corporation, has successfully drilled and completed three horizontal San Andres wells in the Chaveroo Field, Permian Basin. These wells, drilled in Q4 2023 and completed by early 2024, have commenced production with promising early results, peaking at 300 to 375 BOEPD per well. The wells are currently exceeding expectations with an average production of over 750 BOEPD in the last 30 days, indicating a positive outlook for future development phases.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:39 am

VWAGY

XPEV

XPeng Inc. (NYSE:XPEV) shares rose in premarket trading after announcing a framework agreement with Volkswagen AG (OTC:VWAGY) (OTC:VLKAF) for technical collaboration on Volkswagen's EV platform in China. The collaboration focuses on integrating XPeng's E/E Architecture for central computing and domain controller-based architecture in Volkswagen's electric vehicles, expected to be produced in China from 2026.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 11:28 am

EVEX

Brazil's Eve has signed a letter of intentions with Airx to sell up to 50 eVTOLs, as reported by Reuters citing a filing. This move marks a significant step for Eve in the electric vertical takeoff and landing (eVTOL) aircraft market, potentially boosting its market presence and sales.

Portfolio Pulse from Charles Gross

April 17, 2024 | 11:12 am

GXO

Daikin and GXO Logistics have expanded their 17-year partnership by opening a new £4M warehouse in the Midlands, aimed at enhancing their logistics and distribution capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:11 am

PLTR

Palantir Technologies has been designated as an 'awardable' vendor for the Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace, positioning the company to potentially secure contracts and expand its involvement in government digital and AI projects.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:05 am

SPEC

Spectaire Holdings has entered into a distribution partnership with a Fortune 1000 energy company, granting it global distribution rights for Spectaire's Airecore units in the oil and gas industry.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:04 am

TSM

Taiwan has expanded its 'chip diplomacy' by signing tech agreements with Canada and establishing an office in Prague to support Czech chip design engineers. This is part of Taiwan's strategy to leverage its semiconductor industry leadership to enhance international relations, despite China's opposition. Taiwan Semiconductor (TSM) plays a crucial role, with the U.S. funding a major TSMC project in Arizona and plans for TSMC facilities in Germany. Taiwan's semiconductor growth is driven by global demand and U.S. expansion, with TSMC expecting a 5% profit increase in the first quarter.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 11:02 am

ALB

Albemarle Corporation has announced a $1 million donation to Cleveland Community College for equipment, supplies, and facility improvements aimed at enhancing workforce training programs.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:51 am

HUIZ

Huize has partnered with Aviva-COFCO Life Insurance to launch 'Fu Man Jia', a customized participating whole life insurance product. This collaboration aims to expand Huize's product offerings and potentially increase its market share in the insurance sector.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:34 am