Streetbeat News

Partnerships

NVACF

SNDL

SNDL Inc. and Nova Cannabis Inc. have announced a strategic realignment of their retail operations, with SNDL transferring four Dutch Love cannabis retail stores to Nova. The deal involves Nova issuing SNDL CA$8.179 million in shares and is expected to be completed by the end of April 2024, pending regulatory approvals. This move will increase Nova's store count to 100 and SNDL's to 190. Additionally, SNDL has extended a $15 million revolving credit facility to Nova until March 31, 2026, to support Nova's growth.

Portfolio Pulse from Patricio Liddle

April 03, 2024 | 8:57 pm

LMT

Lunar Outpost, in collaboration with Lockheed Martin and other industry partners, has been awarded a contract by NASA to develop a human-rated Moon rover for the Artemis campaign. The financial terms of the contract were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:38 pm

GOOG

GOOGL

OPRA

Opera, the web browser developer, has extended its search agreement with Google until 2025. This agreement ensures that Google will continue to be the default search engine on the Opera browser, strengthening the partnership between the two companies.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:30 pm

LUNR

Intuitive Machines, Inc. (NASDAQ: LUNR) has been awarded a $30 million contract by NASA to conduct a Lunar Terrain Vehicle Services Feasibility Assessment as part of NASA's Artemis campaign. This marks the company's entry into human spaceflight operations within the $4.6 billion LTV Services project. The contract involves developing a roadmap for deploying a Lunar Terrain Vehicle on the Moon using Intuitive Machines' Nova-D cargo-class lunar lander. Partners including AVL, Boeing, Michelin, and Northrop Grumman will contribute to the vehicle's design, showcasing advanced capabilities in power management, autonomous driving, and navigation for lunar exploration.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:15 pm

BMY

LAB

Standard BioTools Inc. (NASDAQ:LAB) has entered into a multi-year strategic engagement with Bristol Myers Squibb (NYSE:BMY) to utilize the SomaScan Platform for translational medicine research through 2026. The platform will be used in clinical trials across multiple therapeutic areas, leveraging its proteomics technology to enhance drug development processes and potentially improve patient outcomes. The collaboration aims to advance clinical trials, including creating a screening model for hypertrophic cardiomyopathy (HCM).

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:02 pm

AYRWF

CRLBF

CURLF

GTBIF

TCNNF

VRNOF

Following the Florida Supreme Court's decision to allow a constitutional amendment for legalizing recreational marijuana on the November 2024 ballot, cannabis companies, including Trulieve, have collectively contributed over $15 million in support. Trulieve had previously donated $40 million. The amendment, known as Amendment 3, aims to legalize non-medical personal use of marijuana for adults 21 or older and requires a 60% voter approval. Companies like Verano Holdings, Curaleaf Holdings, AYR Wellness, Cresco Labs, Green Thumb Industries, and INSA, Inc. are among the new donors. The funding announcement coincides with the upcoming Benzinga Cannabis Capital Conference in Florida.

Portfolio Pulse from Maureen Meehan

April 03, 2024 | 7:56 pm

TGS

Transportadora De Gas Del Sur (TGS) shares increased following an announcement of an agreement with ENARGAS for a transitory adjustment in natural gas transportation tariffs, including a monthly adjustment formula starting in May.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 7:54 pm

FXI

SPY

U.S. Treasury Secretary Yellen emphasized the importance of maintaining a level economic playing field between the U.S. and China, expressing concerns over China's overcapacity driven by massive subsidies. She highlighted the Biden administration's commitment to ongoing dialogue with China. While not commenting directly on new tariffs, Yellen did not rule out measures to protect the U.S. clean energy supply chain.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 7:48 pm

COIN

Crypto VC firm Paradigm, co-founded by Coinbase Global Inc. (NASDAQ:COIN) co-founder Fred Ehrsam, is reportedly raising a new fund between $750 million and $850 million. This follows a period of increased fundraising activity in the crypto sector, despite Paradigm's recent challenges, including a leadership shift and involvement in a class-action lawsuit related to its investment in FTX. The firm continues to invest in the crypto industry, with significant investments like in Merkle Manufactory.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 7:33 pm

CRM

FDTX

FEPI

Salesforce, Inc. (NYSE:CRM) has selected Ironclad as its contract lifecycle management (CLM) platform to streamline contracting processes, improve deal velocity, and provide valuable insights for its teams. The integration allows for data synchronization between contract data and customer relationship data. After a successful pilot, Salesforce expanded Ironclad's use companywide. Additionally, Salesforce gained attention for a branding event with nearly 900 individuals dressed as Albert Einstein, highlighting its AI features. The stock has gained 55% over the past year, and investors can gain exposure through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Fidelity Disruptive Technology ETF (NASDAQ:FDTX). CRM shares are up 0.47% to $305.42.

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 5:51 pm