Streetbeat News

Partnerships

OTRK

Ontrak Health (NASDAQ:OTRK), a behavioral healthcare company, announced an expansion of its partnership with Sentara Health in Virginia, offering its WholeHealth+ program to more members. This expansion, following a previous one with Sentara Health Plans, significantly increases the eligible members for Ontrak's program and introduces the Advanced Engagement System across Sentara's commercial population.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 12:12 pm

BAH

Booz Allen Hamilton (NYSE:BAH) has been awarded a $550 million contract by the U.S. Department of Energy's ARPA-E to support the advancement of innovative energy technologies. This ten-year contract aims to generate, store, and use energy in new ways to reduce U.S. emissions, improve energy efficiency, and enhance the power grid's resiliency. Booz Allen's role includes identifying energy challenges, supporting an innovation ecosystem, and de-risking technologies for long-term funding. The company's extensive experience with government ARPA programs and its corporate venture capital arm, Booz Allen Ventures, positions it as a key partner in driving energy innovation.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:05 pm

GSM

Ferroglobe PLC and Coreshell have signed a Memorandum of Understanding (MoU) to collaborate on the production of battery-grade metallurgical silicon, specifically for use in electric vehicles (EVs). This partnership aims to leverage Ferroglobe's expertise in silicon production and Coreshell's innovative technology to enhance the performance and efficiency of EV batteries.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:05 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) has announced a new contract with the Defense Health Agency and the US Army Medical Material Development Activity valued at over $500,000 for the development of DeepView SnapShot® M, a handheld version of its DeepView Wound Imaging System. This contract adds to previous U.S. Government awards, bringing the total funding for DeepView SnapShot® M to over $6 million. The funding aims to optimize the device for combat readiness and expand its use in home health care, reinforcing Spectral AI's role in AI-driven healthcare innovation.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:03 pm

V

Visa and Taulia, an SAP company, have partnered to enhance global access to embedded finance by integrating Visa's digital payments technology into Taulia Virtual Cards. This collaboration aims to streamline the payments experience for buyers and suppliers by leveraging SAP's ERP solutions.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:02 pm

FMC

FMC Corporation has entered into a collaboration with Novonesis to expand its biologicals crop protection platform in Canada. Starting June 1, 2024, FMC Canada will become the exclusive distributor of Novonesis' biosolution products for the 2025 growing season. This partnership also includes joint R&D efforts to develop new biological technology for Canadian farmers.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:46 am

KLIC

Kulicke and Soffa Industries (KLIC) shares dropped following the announcement of the cancellation of Project W by one of its strategic partners, expected to reduce FY24 revenue results.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:38 am

KSS

Kohl's projects a net sales growth of (-1%)-1% for 2024, with comparable sales expected to grow between 0%-2%. The EPS is forecasted to be between $2.10-$2.70, excluding non-recurring charges. This outlook accounts for the potential impact from credit card late fee regulatory changes in H2 2024. Kohl's plans to invest approximately $500 million in capital expenditures, including expanding its Sephora partnership. Additionally, a quarterly dividend of $0.50 per share has been declared, payable on April 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:11 am

OSW

OneSpaWorld (OSW) has been named the exclusive spa provider for Royal Caribbean International through a new multi-year partnership. This collaboration is expected to enhance the guest experience on Royal Caribbean cruises by offering premium spa services.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:11 am

AAP

AZO

ORLY

Advance Auto Parts Inc (NYSE:AAP) has appointed three new independent directors to its board in a move to revitalize its performance, following a 40% share price decline over the past year. The appointments are part of a cooperation agreement with Third Point LLC and Saddle Point Management, L.P. This strategic realignment includes the sale processes for Worldpac and its Canadian business, aiming to enhance competitiveness against AutoZone Inc (NYSE:AZO) and O'Reilly Automotive Inc (NASDAQ:ORLY). The board will expand to 12 directors until the 2024 annual meeting, where 11 nominees, including the new directors, will stand for election.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 10:55 am