Streetbeat News

Partnerships

M

Macy's, Inc. (NYSE:M) announced the appointment of Richard Clark and Richard L. Markee to its Board of Directors, following engagement with Arkhouse, which led to the termination of its proxy contest. Tony Spring assumes the chairman role, and Douglas W. Sesler joins the Board, following the retirements of Jeff Gennette and Frank Blake. The Board is engaging with Arkhouse and Brigade regarding a proposal to acquire Macy's, with due diligence information being shared.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:32 pm

OGI

I Love Growing Marijuana (ILGM) partners with Phylos Bioscience to launch 15 new F1 hybrid cannabis strains in the US for 4/20. The partnership leverages Phylos's technology and genetic library to offer unique strains to home growers. Phylos also has a technical and commercial relationship with Organigram Holdings Inc. (NASDAQ:OGI) in Canada.

Portfolio Pulse from Jelena Martinovic

April 10, 2024 | 12:30 pm

IINN

Inspira and Ennocure have announced positive results from their collaborative development of a proprietary bio-electronic treatment aimed at preventing bloodstream infections in ICU patients. This breakthrough could significantly impact patient care in critical settings.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:25 pm

TMUS

WMT

T-Mobile has become the exclusive in-club wireless provider for Sam's Club, now available in nearly all locations. This partnership allows Sam's Club members to access significant value when switching to T-Mobile's leading 5G network.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:17 pm

PALI

Palisade Bio, Inc. (NASDAQ:PALI) presented an overview of PALI-2108, a treatment for moderate-to-severe ulcerative colitis, at the IBD Innovate conference in Cambridge, MA. The presentation, given by the company's CEO and Chief Medical Officer, highlighted the drug's development, its unique positioning, and the pathway towards late-stage development. PALI-2108, a colon-specific PDE4 inhibitor prodrug, is advancing towards a Phase 1 clinical study by the end of the year, supported by a $500,000 funding agreement with Giiant from the US Crohn's and Colitis Foundation.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:16 pm

PRPH

ProPhase Labs, Inc. (NASDAQ:PRPH) is set to launch its BE-Smart test for esophageal cancer detection in H2 2024. The test aims to provide early and cost-effective detection of esophageal adenocarcinoma (EAC), targeting a market size of $7 billion to $14 billion. The company is collaborating with mProbe Inc. and institutions like the Mayo Clinic for validation studies. The BE-Smart test, developed over six years, uses sophisticated proteomics for early detection and risk stratification of EAC, a cancer with high mortality rates. ProPhase plans to submit documentation for Advanced Diagnostic Laboratory Test (ADLT) application and aims for commercial launch following CPT code approval.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:09 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) and Thames Freeport have entered a strategic alliance to advance smart city innovations and foster trade partnerships. This collaboration aims to revolutionize Thames Freeport with advanced technological frameworks focusing on efficiency, security, and sustainability. The partnership will facilitate trade between Thames Freeport and countries like Egypt and Taiwan, integrate Gorilla Technology's solutions for operational efficiency, and leverage the Thames Freeport Investment Fund for innovation.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:06 pm

UNIT

Uniti Group Inc. (NASDAQ:UNIT) has announced a significant network expansion in Huntsville, Alabama, through a 20-year contract with a strategic hyperscale customer. The expansion will add approximately 70 route miles to support key data center locations and connect Huntsville to regional and national data center markets. This move is part of Uniti's lease-up strategy, leveraging the growing demand for AI applications and power availability in southeastern markets. Uniti plans to complete the fiber routes within the next two years, ultimately owning 190 route miles of infrastructure in Huntsville.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:02 pm

NCL

Northann Corp. (NYSE:NCL) has entered into a strategic cross-licensing agreement with I4F, a provider of patents and technologies for the flooring industry. This partnership aims to leverage both companies' strengths in digital printing technology to foster innovation and reduce manufacturing costs in the flooring industry. Northann Corp. plans to manufacture its 3D printing ecosystem with digital printing production lines in the United States, which is expected to significantly reduce production costs and strengthen its position in the industry.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:01 pm

PAR

ParTech has been chosen as the exclusive enterprise food management solution provider for Love's Travel Stops' extensive network through its PAR Data Central platform. This partnership aims to enhance operational efficiency and customer service across Love's Travel Stops.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:31 am