Streetbeat News

Partnerships

WDS

Woodside has finalized the sale of a 10% stake in the Scarborough Joint Venture to LJ Scarborough Pty Ltd (LNG Japan) for $910M, as part of a strategic relationship that includes potential LNG offtake and new energy collaboration. Woodside retains a 90% interest, which will reduce to 74.9% following a future transaction with JERA.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 7:01 am

ICE

Kasikorn Securities has chosen Intercontinental Exchange (ICE) for improved portfolio analytics and risk management concerning derivatives. This partnership aims to leverage ICE's advanced technology and extensive experience in the financial markets to enhance Kasikorn Securities' derivatives analytics and risk management capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:49 am

BSX

Scivita Medical has expanded its collaboration with Boston Scientific for strategic co-development and global distribution activities. This partnership aims to leverage both companies' strengths in medical technology and distribution networks to enhance their global market presence.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 5:51 am

DOGE-USD

Timothy Stebbing, a lead developer at the Dogecoin Foundation, is exploring the use of RadioDoge to provide financial services to unbanked regions in East Africa. Stebbing's initiative aims to leverage Dogecoin for real-world transactions, especially in areas lacking internet access, by using radio technology and SpaceX's Starlink network. Despite facing challenges like network congestion, efforts are ongoing to enhance Dogecoin's utility and stability.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 4:22 am

AAPL

BIDU

Apple Inc. CEO Tim Cook announced at a conference in China that artificial intelligence is playing a crucial role in the company's recycling processes, aiding its goal to achieve carbon neutrality by 2030. Cook's visit to China, amid declining sales and iPhone revenue in the region, signifies Apple's commitment to the Chinese market. Additionally, Apple is exploring an AI collaboration with Baidu Inc. and has opened a new store in Shanghai.

Portfolio Pulse from Ananya Gairola

March 26, 2024 | 2:33 am

MSFT

Microsoft Corporation (NASDAQ:MSFT) has appointed Pavan Davuluri as the new head of its Windows and Surface division, following the departure of Panos Panay to Amazon.com, Inc. last year. Davuluri, with over 23 years at Microsoft, previously led the Surface silicon and devices division. This reorganization aims to unify the Windows and devices teams to foster a holistic approach towards building systems and devices for the AI era. Mikhail Parakhin, who temporarily led the division, is exploring new opportunities.

Portfolio Pulse from Ananya Gairola

March 26, 2024 | 1:21 am

CENX

CLF

IE

NEM

The U.S. Department of Energy selected Century Aluminum (CENX) and Cleveland-Cliffs (CLF) for funding to support decarbonization and new facilities, aiming to bolster the U.S. economy and green energy transition. Newmont Corporation (NEM) plans to sell its Akyem gold mine in Ghana, with Citigroup (C) handling the sale, as part of a strategy to raise funds post-Newcrest Mining acquisition. Ivanhoe Electric (IE) secured a 60% stake in the Samapleu-Grata Nickel-Copper Project, indicating strong future prospects for copper concentrate production.

Portfolio Pulse from Austin DeNoce

March 25, 2024 | 9:18 pm

CLF

RIO

X

Cleveland-Cliffs (NYSE:CLF) is set to receive up to $575 million from the U.S. Department of Energy for decarbonization projects in Ohio and Pennsylvania, aiming to significantly reduce carbon intensity in steel production. This move, part of a broader shift towards renewable energy steelmaking, positions Cleveland-Cliffs as a leader in the industry. The projects are expected to save $450 million annually in production costs, preserve 2,500 jobs, and create additional jobs. This initiative is supported by strong government backing and could enhance Cleveland-Cliffs' position in the domestic steel sector amidst Nippon Steel's acquisition of U.S. Steel (NYSE:X) and political interest in supporting the domestic industry.

Portfolio Pulse from Stjepan Kalinic

March 25, 2024 | 8:58 pm

VNRX

VolitionRx Limited (VNRX) reported a significant increase in cash and cash equivalents, totaling approximately $20.7 million as of December 31, 2023, compared to $10.9 million the previous year. The company also saw a 153% increase in revenue, reaching about $775,000 in 2023, and received $13.0 million in milestone payments from Heska Corporation in December 2023. However, net cash used in operating activities was $18.1 million for the year. VolitionRx will host a conference call on March 26, 2024, to discuss these financial highlights and other updates.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:11 pm

OPGN

OpGen, Inc. (NASDAQ:OPGN) announced a $3M acquisition of 3M shares of Series E Convertible Preferred Stock by David Lazar, who will also take over as CEO. The proceeds will be used to settle outstanding liabilities and for general corporate purposes. Lazar's investment and his appointment, along with new board members, aim to explore strategic options to enhance shareholder value. The company also settled its outstanding liabilities with the European Investment Bank and Curetis GmbH.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:10 pm