Streetbeat News

Partnerships

SNN

Smith+Nephew (NYSE:SNN), a global medical technology company, has become the Preferred Sports Medicine Technology Partner of UFC. This multi-year partnership will leverage UFC's global presence to promote Smith+Nephew's advanced sports medicine technologies for injury repair, regeneration, and recovery. The partnership includes brand activation through UFC's digital and social channels, a branded presence in UFC Performance Institutes, and a Brand Ambassador fund for campaigns with UFC athletes.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:15 pm

WWD

Woodward, Inc. (NASDAQ:WWD) has entered into an exclusive agreement with Alliance Airlines to become the sole Thrust Reverser Actuation Systems (TRAS) repair, maintenance, and overhaul contractor for Alliance's CF34-10E-powered fleet. This partnership leverages Woodward's expertise in energy control solutions and its state-of-the-art facility in Fort Collins, Colorado, to meet the growing demand for aircraft service work. The agreement covers the entire MRO volume for Alliance's fleet of over 30 aircraft, highlighting Woodward's commitment to providing best-in-class repair services.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:12 pm

MTEK

Maris-Tech Ltd. has announced a collaboration with Renesas Electronics and has joined the Renesas Preferred Partner Program. This partnership aims to enhance Maris-Tech's offerings in the technology sector by leveraging Renesas' advanced electronics solutions.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:11 pm

SLF

Sun Life Financial Inc. has announced Timothy Deacon as its new Chief Financial Officer, effective April 8, 2024. Deacon, with over 20 years of experience in the financial sector, will succeed Manjit Singh, who will continue as President of Sun Life Asia. Deacon's role will encompass overseeing the Finance organization, including strategic financial initiatives. His appointment is part of Sun Life's focus on financial discipline and growth.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:07 pm

CTVA

Ducera Partners LLC announced a strategic collaboration between its venture capital investment platform, Ducera Growth Ventures, and Corteva Catalyst, a new platform by Corteva (NYSE:CTVA), aimed at identifying innovative companies for investment or partnership. Ducera Growth will leverage its proprietary AI tool, Quannix®, to provide insights into early-stage companies with growth potential, supporting Corteva's strategic priorities in agricultural innovation.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:04 pm

CENX

Century Aluminum Company (CENX) is set to negotiate for up to $500 million in funding from the U.S. Department of Energy for a new aluminum smelter, marking the first new U.S. primary aluminum smelter in 45 years. This project, part of the Industrial Demonstrations Program, aims to decarbonize energy-intensive industries, strengthen local economies, create jobs, and reduce greenhouse gas emissions. It is expected to double the size of the current U.S. primary aluminum industry and create over 6,500 jobs. CENX shares rose 3.03% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 25, 2024 | 12:03 pm

ACN

ADBE

Accenture and Adobe have announced a collaboration to co-develop generative AI solutions aimed at accelerating marketing transformation. This partnership is designed to assist organizations in transitioning from experimenting with generative AI to adopting it at scale, indicating a significant step forward in the integration of AI technologies in marketing strategies.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:03 pm

BABA

BILI

ONLN

PGJ

XPEV

Alibaba Group Holding Ltd (NYSE:BABA) is pausing operations of its Ling Shou Tong platform to adjust its business strategy, focusing on AI and core retail and technology sectors. Despite this, LST is not shutting down or merging with another platform. Alibaba sold $360 million of Bilibili Inc (NASDAQ:BILI) shares and reduced stakes in other companies, reallocating resources towards AI. It plans to launch a new processor to counteract U.S. export controls on chip technologies. Alibaba's stock has declined over 16% in the past year, but can be accessed through ETFs like Invesco Golden Dragon China ETF (NASDAQ:PGJ) and ProShares Online Retail ETF (NYSE:ONLN).

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 12:01 pm

AAPL

BIDU

Baidu's stock is on the rise following reports of discussions with Apple about integrating Baidu's AI technology into the iPhone 16 and other Apple products for the Chinese market.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:51 am

NVO

Actylis and Novo Nordisk Pharmatech have entered into an agreement to distribute pharmaceutical grade Benzalkonium Chloride in Germany, Spain, Portugal, the UK, and Ireland. This collaboration aims to supply the pharmaceutical and medical device markets in these regions.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:40 am