Streetbeat News

Partnerships

TLS

Telos Corporation (NASDAQ:TLS) has resolved a protest regarding a federal government award worth up to $485 million over five years. The protest withdrawal allows Telos to proceed with the contract, while another $40 million award remains under protest.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:15 pm

AVAV

AeroVironment has been awarded a 5-year, $990 million IDIQ contract by the U.S. Army for lethal unmanned systems, with deliveries of Switchblade systems set to begin soon.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:02 pm

APD

EWT

Air Products San Fu has signed a 10-year solar power purchase agreement with Tatung Forever Energy to support the decarbonization of Taiwan's industrial gases sector. This agreement aims to avoid CO2 emissions equivalent to those of 80,000 households over its duration.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 3:01 pm

MSFT

SHOP

Microsoft's AI executive, Parakhin, has joined Shopify as the new Chief Technology Officer (CTO). This move could influence Shopify's technological advancements and strategic direction, particularly in AI and machine learning.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:51 pm

PFE

Flagship Pioneering has expanded its strategic partnership with Pfizer through two new research programs with Quotient Therapeutics. These programs focus on somatic mutations for cardiovascular and renal disease therapies, building on a collaboration initiated in July 2023.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:45 pm

SERV

SHAK

Shake Shack has partnered with Serve Robotics to deliver meals using autonomous robots, as reported by Fox Business. This collaboration could enhance Shake Shack's delivery efficiency and Serve Robotics' market presence.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:22 pm

VRAX

Virax Biolabs Group Limited (NASDAQ:VRAX) stock surged 30.3% after announcing a distribution agreement for RT-PCR Mpox detection kits in 13 European countries and the Gulf Cooperation Council. The kits have high sensitivity and specificity rates, providing results in under 70 minutes.

Portfolio Pulse from Dylan Berman

August 28, 2024 | 2:14 pm

FL

Fourlis Group has announced licensing agreements with Foot Locker to expand its network in South East Europe. Additionally, Fourlis will acquire Foot Locker operations in Greece and Romania.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:05 pm

NVS

Novartis AG's cholesterol-lowering drug, Leqvio, showed positive results in a Phase 3 study, meeting its primary endpoints. The study is part of a larger clinical trial program assessing Leqvio for cardiovascular disease prevention. Novartis also announced a strategic collaboration with Lindy Biosciences to transition select medicines to subcutaneous injections.

Portfolio Pulse from Vandana Singh

August 28, 2024 | 1:33 pm

AMZN

SUMO

Sumo Logic has entered into a strategic collaboration agreement with Amazon Web Services (AWS) to enhance its AI-powered log analytics solutions for development, security, and operations teams.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:25 pm