Streetbeat News

Partnerships

SDA

SunCar Technology Group has announced an exclusive partnership with China CITIC Bank International Limited to offer airport concierge car services to the bank's private banking clients. This move is aimed at enhancing the travel experience of CITIC's high-net-worth individuals by providing them with personalized and convenient transportation options.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:17 pm

CTHR

Charles & Colvard, Ltd. (NASDAQ:CTHR) announced the launch of its new B2B trade portal, charlesandcolvarddirect.com, marking a strategic shift from its distributor model to direct sales to independent jewelers and retailers. This move allows access to its premium moissanite gems, Forever One and the new Forever Bright, directly from the company. The initiative aims to support independent businesses by offering better prices, maintaining brand integrity, and competing with foreign-developed moissanite while ensuring quality.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:09 pm

HLT

SLB

WYNN

Wynn Resorts, Hilton Worldwide, and Schlumberger were featured on CNBC's 'Halftime Report Final Trades'. Wynn Resorts reported Q4 earnings surpassing estimates with a significant sales increase. Hilton Worldwide is anticipated to report strong Q1 2024 earnings. Schlumberger announced a major deal to merge its carbon capture division, owning 80% of the combined business post-transaction. The stocks of Wynn Resorts and Schlumberger saw gains, while Hilton Worldwide experienced a slight decline.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 1:05 pm

VMD

Viemed Healthcare, Inc. (NASDAQ:VMD) has finalized a strategic partnership with East Alabama Health, acquiring a majority interest in East Alabama HomeMed, LLC. This partnership is expected to generate an incremental annualized revenue of approximately $4 million for Viemed. The collaboration aims to enhance home medical services within the EAH network and can serve as a model for future nationwide expansions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:04 pm

XRX

Xerox is partnering with PBS Group to transition its operations in Peru and Ecuador to Productive Business Solutions (PBS). The deal, expected to close in Q2 2024, will see Xerox employees in these countries move to PBS, which will become Xerox's exclusive distribution partner in these markets.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:04 pm

BKTI

BK Technologies announced receiving two purchase orders from the USDA Forest Service for 5,620 BKR 5000 radios, as part of a five-year blanket purchase agreement initiated in May 2021. Since June 2021, the USFS has purchased over 22,000 BKR 5000 radios, transitioning from BK Technologies' KNG Portable Series.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:47 pm

ADPV

DAT

INFA

Informatica Inc. (NYSE:INFA) has launched its AI-powered Intelligent Data Management Cloud (IDMC) in Saudi Arabia, marking the country's first AI-powered IDMC Platform with a new Point of Delivery in Riyadh. This expansion strengthens Informatica's presence in the Middle East and supports Saudi Arabia's Vision 2030 by providing a cloud-based data infrastructure. Investors can gain exposure to Informatica through ProShares Big Data Refiners ETF (NYSE:DAT) and Series Portfolios Trust Adaptiv Select ETF (NYSE:ADPV). INFA shares saw a slight decrease of 0.37% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 02, 2024 | 12:45 pm

DRIO

DarioHealth Corp. (NASDAQ:DRIO), a leader in digital health, announced two new contracts with national employers to provide integrated chronic condition management solutions starting Q2 2024. The solutions target cardiometabolic health conditions and include personalized support for employees, leveraging Dario's intelligent technologies and data insights.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:40 pm

GCTK

Glucotrack, Inc. (NASDAQ:GCTK) and The Technology Partnership (TTP) announced that computational modeling suggests the sensor for Glucotrack's implantable Continuous Blood Glucose Monitor (CBGM) could last beyond three years, a year longer than previously projected. This advancement could significantly impact diabetes management by providing more rapid and longer-lasting glucose monitoring. The collaboration with TTP, leveraging their expertise in life sciences and healthcare, has been crucial in extending the sensor's longevity, which is expected to enhance the development program and future generations of the CBGM system.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:35 pm

LOBO

LOBO EV Technologies Ltd. (NASDAQ:LOBO) has announced a strategic collaboration with Serbian distributor CSM2017 Doo to expand its e-bicycle business in Serbia, marking a significant step in its Eastern European market expansion. The partnership focuses on the development and assembly of the CSM-01 e-bicycle model, with revenue generation expected to begin in Q2 2024. This move aligns with the growing demand for sustainable transportation in the region and leverages the growing European e-bicycle market, which is projected to reach $8.1 billion by 2030.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:34 pm