Streetbeat News

Partnerships

CPSH

CPS Technologies (CPSH) has entered into a licensing agreement with Triton Systems, acquiring exclusive global rights to manufacture and sell products using Triton's FRA Composite Technology. This strategic move could potentially expand CPSH's product offerings and market reach.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:08 pm

ADV

Adlucent, part of Advantage Solutions Inc. (ADV), has launched its BEACON application on Google Cloud Marketplace. BEACON integrates first-party data with BigQuery and enhances conversions via Google Ads API, offering advertisers improved data control and campaign insights. This launch follows Adlucent's achievement of Google Cloud partner status, emphasizing its commitment to providing advanced marketing solutions.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:06 pm

GILD

MRUS

Gilead Sciences, Inc. and Merus N.V. have entered into a collaboration to discover novel antibody-based trispecific T-cell engagers. Merus will receive an upfront cash payment of $56 million for initial targets and an equity investment by Gilead of $25 million in Merus common shares. Additionally, Merus is eligible to receive up to $1.5 billion.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:05 pm

LUXH

LuxUrban Hotels Inc. (NASDAQ:LUXH) announced the appointment of Robert Arigo as Chief Operating Officer, effective March 15, 2024. Arigo, with 35 years of experience in the hospitality industry, will focus on enhancing operations, customer experience, and revenue opportunities. His previous roles include VP at M&R Hotel Management and Senior Director of Operations at Hersha Hospitality Management. LuxUrban aims to expand and evolve with Arigo's appointment, reflecting its commitment to industry representation and growth.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:04 pm

TTE

TotalEnergies (NYSE:TTE) and QatarEnergy have agreed to acquire interests in Block 3B/4B offshore South Africa from Africa Oil South Africa. TotalEnergies will hold a 33% stake and become the operator, while QatarEnergy will have a 24% interest. The deal is pending final approvals. This move is part of TotalEnergies' strategy to expand its exploration efforts in the Orange Basin, following the Venus discovery in Namibia. Additionally, TotalEnergies has partnered with Bapco Energies to enhance the Sitra refinery's petroleum trading capabilities. TTE shares rose 1.05% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 1:03 pm

OTIS

Otis Worldwide Corporation (NYSE: OTIS) has been awarded a project by Emaar Properties to modernize 34 elevators and all eight escalators in the Burj Khalifa, the world's tallest building. The contract also includes a 10-year service extension for maintaining these units. Otis, having installed the original elevators and escalators in 2010, will leverage its global experience from projects like the Empire State Building to ensure minimal disruption and enhanced efficiency. The modernization will feature an upgraded Elevator Management System for improved operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:03 pm

AMZN

LDOS

Leidos, a defense contractor and information technology company, has entered into a strategic collaboration agreement with Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. The financial terms of the agreement were not disclosed. This partnership aims to leverage AWS's cloud services to enhance Leidos's offerings in the defense and information technology sectors.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:02 pm

FXI

STLA

Stellantis has received approval from Chinese regulators to form a joint venture with LeapMotor, according to Reuters citing sources. This move marks a significant step for Stellantis in expanding its presence in the Chinese market.

Portfolio Pulse from Charles Gross

March 06, 2024 | 12:58 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) shares dropped in premarket trading on Wednesday after reporting Q4 financial results and guidance below estimates. The company's shares have lost over 70% in the last six months, underperforming the S&P 500. ChargePoint reported a quarterly loss of 23 cents per share, with sales missing analyst estimates. The company also announced a revenue forecast for the next quarter significantly lower than expected. Additionally, ChargePoint highlighted its collaboration with AcBel Polytech for developing EV charging solutions.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 12:52 pm

MRAI

Marpai shares surged following the announcement of better-than-expected preliminary Q4 net revenue results and an 'Off-Cycle' new client agreement.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:40 pm