Streetbeat News

Partnerships

OI

O-I Glass, Inc. (NYSE:OI) announced Gordon J. Hardie as its next CEO effective May 15, 2024, succeeding Andres Lopez. Hardie, with over 35 years of leadership experience, previously served at Bunge Limited. John H. Walker, the Independent Board Chair, will retire at the 2024 Annual Meeting. O-I also nominates Eric J. Foss and Cheri Phyfer for Board election, aiming to continue its innovation and growth in the glass manufacturing industry.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

TSLA

A team from Tesla is expected to visit India in April to explore potential sites for a new car manufacturing plant, according to Reuters. This move is part of Tesla's ongoing efforts to expand its global manufacturing footprint.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

SLP

Simulations Plus, Inc. (NASDAQ:SLP) announced the U.S. FDA has renewed its licenses for the DILIsym software platform for the 7th consecutive year. DILIsym is a leading quantitative systems toxicology software used to predict and investigate drug-induced liver injury (DILI), supporting the FDA's drug evaluation and approval process. The renewal allows FDA employees across all divisions continued access to DILIsym. The software plays a crucial role in understanding DILI risk in new molecules and tailoring dosing strategies for safety and efficacy. Simulations Plus has led the DILI-sim Initiative for 14 years, a public-private partnership guiding DILIsym's development.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:36 pm

NVDA

SSNLF

TSM

SK Hynix plans to invest $3.9 billion in a new facility in Indiana for mass-producing high-bandwidth memory chips, crucial for Nvidia's GPUs used in AI systems. The facility, expected to start production in 2028, highlights the U.S.'s growing role in semiconductor manufacturing, supported by the Biden administration and the Chips Act. Nvidia is likely the initial recipient of these chips, indicating a strategic advantage for its AI and GPU capabilities.

Portfolio Pulse from Anusuya Lahiri

April 04, 2024 | 12:34 pm

F

Ford announced progress in the expansion of its Ohio Assembly Plant in Avon Lake, set to begin mid-decade. Additionally, construction is advancing at the BlueOval Battery Park in Michigan and the BlueOval SK joint venture battery plants in Tennessee and Kentucky. These developments are part of Ford's efforts to enhance its manufacturing capabilities and invest in electric vehicle (EV) production.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:33 pm

BA

LUNR

NOC

Intuitive Machines Inc (NASDAQ:LUNR) shares surged after NASA awarded the company a $30 million contract as a prime contractor for a Lunar Terrain Vehicle Services Feasibility Assessment. This contract involves creating a roadmap for developing and deploying a Lunar Terrain Vehicle on the Moon, marking Intuitive's entry into human spaceflight operations within NASA's $4.6 billion project. Partners including Boeing Company (NYSE:BA), and Northrop Grumman Corporation (NYSE:NOC) will contribute to the LTV design.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 12:27 pm

HCTI

Healthcare Triangle, Inc. (HCTI) shares surged following the announcement of its partnership with Cynomi to bolster cybersecurity measures in the healthcare sector. This collaboration aims to address the growing concerns over data security in healthcare, leveraging Cynomi's expertise to enhance protection against cyber threats.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:21 pm

AIR

AAR CORP. (NYSE:AIR) has entered into an exclusive multi-year commercial distribution agreement with TRIUMPH's Actuation Products & Services business unit, starting in January 2026. This agreement allows AAR to distribute TRIUMPH's commercial actuation product line, enhancing AAR's offerings to the commercial aftermarket. The partnership is expected to benefit both companies by leveraging AAR's global distribution network and sales force to efficiently deliver TRIUMPH's products to commercial airlines and MRO customers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:21 pm

JEF

SMFG

Jefferies Financial Group Inc. (JEF) and SMBC Group, including Sumitomo Mitsui Financial Group, Inc. (SMFG), have expanded their strategic alliance to Canada, aiming to enhance corporate and investment banking services. This move follows Jefferies' establishment of a new office in Canada with over 40 personnel, focusing on investment banking, equity research, and sales and trading. The alliance, which began in 2021, has seen significant expansions, including increased collaboration in M&A advisory services and a joint coverage model for investment grade clients. SMBC has also increased its economic ownership in Jefferies to potentially become its largest shareholder.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:17 pm