Streetbeat News

Partnerships

TTE

TotalEnergies SE (NYSE:TTE) has signed over 1.5 GW of renewable Power Purchase Agreements (PPAs) globally with more than 600 industrial and commercial customers. Of these, 1.1 GW is operational, producing 1.5 TWh of electricity annually, with the remaining 400 MW expected to be commissioned by year-end. The deals aim to support the energy transition across various industries and include significant projects in the U.S., Belgium, Oman, and Indonesia. TTE shares rose 0.46% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 18, 2024 | 11:13 am

PTGX

TAK

Protagonist Therapeutics has finalized a global license and collaboration agreement with Takeda for Rusfertide. Protagonist is set to receive a $300M upfront payment in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:12 am

AMZN

FDX

In 2023, FedEx and Amazon discussed a potential partnership regarding the handling of returns, according to the Wall Street Journal. However, these talks did not lead to an agreement.

Portfolio Pulse from Charles Gross

March 18, 2024 | 11:06 am

SATS

EchoStar has received a contract extension from the Department of Defense (DoD) to extend the performance period of ORAN-Based Private 5G Networks through 2025. This extension includes the initial award for NASWI in 2021 and the expansion in Hawaii in 2022, with additional 5G enhancements.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:05 am

PEV

Phoenix Motor Inc. has entered into an integration agreement with InductEV to incorporate InductEV's technology into Phoenix Motor's electric vehicles. This partnership aims to enhance the performance and efficiency of Phoenix Motor's EV offerings.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:04 am

BA

Political scientist Ian Bremmer reacted to a New York Times article on Boeing's (NYSE:BA) financial and safety struggles, amid a series of aviation incidents and scrutiny. Boeing's stock has declined, and United Airlines is considering replacing Boeing 737 Max 10 orders with Airbus SE’s A321neo jets, indicating potential loss of confidence in Boeing.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 11:03 am

MLNK

MeridianLink, Inc. announced the resignation of Cody Cowan from its Board and Sean Blitchok as CFO, effective March 15 and April 1, 2024, respectively. Laurence E. Katz has been appointed as the new CFO and Director starting April 1, 2024. Blitchok's resignation includes a transition agreement without severance but with consulting fees through September 30, 2024. Katz brings extensive experience from previous roles at StubHub, Genesys, JPMorgan Chase & Co., and The Walt Disney Company.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:46 am

WATT

Energous Corporation has announced Velociti as its preferred deployment partner and value-added reseller. This partnership is aimed at enhancing the deployment of Energous's wireless charging technology solutions.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:37 am

TELL

VIRT

Tellurian Inc. has entered into an agreement with Virtu Americas to sell shares worth up to $366.1 million, as announced on March 15, 2024. This strategic move could potentially provide Tellurian with significant financial flexibility and support its future growth plans.

Portfolio Pulse from Charles Gross

March 18, 2024 | 10:06 am

FOUR

LOGI

RILY

In Monday's pre-market session, Logitech International S.A. (LOGI) shares fell by 4.8% following the announcement of CFO Chuck Boynton's departure and a reaffirmation of its 2024 financial outlook. Other notable stocks experiencing declines include B. Riley Financial, Inc. (RILY), which dipped 11% due to its failure to file audited results, and Shift4 Payments, Inc. (FOUR), which dropped 9.1% after reports that bids from potential contenders undervalued the firm. Additional stocks mentioned with pre-market losses are Nanobiotix S.A. (NBTX), AlTi Global, Inc. (ALTI), Li Auto Inc. (LI), Geron Corporation (GERN), and Sibanye Stillwater Limited (SBSW).

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 9:57 am