Streetbeat News

Partnerships

IREN

Iris Energy's stock is trading higher following the announcement of an upsized and extended AI cloud services agreement with Poolside. The increase in stock price may also be attributed to a recent rise in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:36 am

CASI

CASI Pharmaceuticals has been granted emergency injunctive relief by an emergency arbitrator from the Hong Kong International Arbitration Centre, prohibiting Juventas Cell Therapy Ltd. from commercializing CNCT19 pending the outcome of an arbitration proceeding. The order also mandates cooperation between the parties to ensure new patients can access CNCT19 treatment. CASI intends to vigorously assert its rights and negotiate a temporary arrangement for CNCT19 access during the arbitration.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:34 am

EQNR

EuroGreen Maritime SAS has entered a seven-year charter agreement with Equinor ASA for four advanced hybrid battery/dual-fuel methanol tankers with wingsails, marking a significant step towards sustainable maritime solutions.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:32 am

TSM

The U.S. government will provide up to $6.6 billion in funding to TSMC for its Arizona plants as part of the CHIPS and Science Act. This funding aims to support TSMC's $65 billion investment in advanced fabrication plants in Phoenix, Arizona, and includes $50 million for local talent training. The initiative is part of a broader strategy to strengthen the U.S. semiconductor supply chain and reduce reliance on overseas manufacturing. TSMC, a key supplier for Apple and NVIDIA, has already created over 25,000 jobs and attracted 14 semiconductor suppliers to Arizona.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 11:24 am

IREN

NVDA

Iris Energy has expanded its AI cloud services agreement with Poolside, increasing the contracted NVIDIA H100 GPUs from 248 to 504. The contract now extends for an additional 4 months starting mid-April 2024, with a possible 2-month extension.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:15 am

DNA

IdeeLab Biotechnology has entered into an agreement with Ginkgo Bioworks, allowing Ginkgo's customers access to IdeeLab's strain discovery and manufacturing facilities for next-generation products.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:13 am

PPTA

Perpetua Resources Corp. has received a Letter of Interest from the Export-Import Bank of the United States for potential debt financing up to $1.8 billion for its Stibnite Gold Project. This financing is part of EXIM's 'Make More in America' and 'China and Transformational Exports Program' initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:12 am

AKTS

Akoustis Technologies, Inc. (AKTS) has secured a design win and volume orders for its Wi-Fi 7 solution with a Tier-1 enterprise class OEM. The OEM will use Akoustis' high-performance XBAW filters in a 4X4 MU-MIMO enterprise router platform, with volume orders supporting a production ramp in the second half of the calendar year 2024.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:12 am

SCNI

Scinai Immunotherapeutics' CDMO unit has entered into a five-year Master Service Agreement (MSA) with Ayana Pharma to provide drug development and cGMP manufacturing services. This includes aseptic filling, quality assurance, and encapsulating drug substances into Ayana's proprietary liposomal drug delivery system.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:10 am

TM

Toyota Motor Corp (NYSE:TM) is restructuring Daihatsu Motor Co., Ltd's operations to focus on mini vehicles and mobility, dissolving the Emerging-market Compact Car Company. Toyota will now oversee Daihatsu's overseas business from development to certification, with Daihatsu focusing on development. The move aims to prevent procedural irregularities and strengthen the partnership between the two, following a pause in Daihatsu's vehicle shipments due to safety certification issues.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 11:07 am