Streetbeat News

Partnerships

VTR

Ventas, Inc. has entered into a cooperation agreement with Land & Buildings, although the specific terms of the agreement were not disclosed. This strategic move could potentially influence Ventas's operational and financial strategies moving forward.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:20 pm

PROC

Procaps Group (NASDAQ:PROC) is exploring strategic alternatives to maximize shareholder value, including potential M&A activities. The company has formed a strategic committee and retained BTG Pactual to assist in this process. This initiative is led by the new CEO, Jose Vieira, and aims to accelerate growth and optimize shareholder value. The outcome of this strategic review is uncertain, and Procaps will provide updates in compliance with disclosure obligations.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:17 pm

GRRR

Gorilla Technology Group Inc. (GRRR) and Lanner Electronics Inc. have announced a strategic partnership to develop AI-enabled cybersecurity products for the MENA region. This collaboration aims to enhance security solutions, offering seamless integration, enhanced performance, cost-effectiveness, and a comprehensive suite of cybersecurity features. Gorilla's involvement aligns with Egypt's Vision 2030 plan, emphasizing its commitment to economic growth and technological advancement in the region.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:12 pm

BB

BlackBerry Limited (NYSE:BB) has entered a three-year cooperative agreement with Max-Atlas to integrate BlackBerry Radar asset tracking technology into Max-Atlas' container chassis during manufacturing. This partnership aims to enhance ROI for supply chain logistics companies by providing detailed operational performance data through BlackBerry Radar's tracking solutions. The technology promises improved operational efficiencies, better customer service, and significant insights into asset utilization, safety, and security.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:11 pm

F

Ford Motor Company (NYSE: F) and its dealers, through the Ford Fund, are investing $2 million in scholarships to address the shortage of automotive technicians. The Ford Auto Tech Scholarship will support 400 students in over 20 states, covering tuition, tools, living expenses, and transportation. This initiative is part of Ford's broader strategy to support the automotive industry's shift towards electrification and software integration, alongside its plans to increase electric vehicle production and create nearly 900 new jobs at its Michigan Assembly Plant.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 1:07 pm

LTRN

Lantern Pharma's AI platform, RADR, has surpassed 60 billion data points and is expected to reach over 100 billion in 2024, significantly advancing cancer therapy development. This growth enhances drug candidate development, including LP-184 and LP-284, through improved drug sensitivity, combination treatment outcomes, and biomarker data analysis. The expansion into immuno-oncology studies and molecular feature extraction from numerous molecules aims to streamline oncology drug development, making it more precise and cost-effective. Lantern's strategy has led to a substantial increase in data points since its IPO, facilitating new drug indications and accelerating development timelines.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:05 pm

BOTZ

NVDA

SMH

Nvidia Corp's CEO, Jensen Huang, predicts that artificial general intelligence (AGI) could be achieved within the next five years, emphasizing Nvidia's leading role in AI chip production. This development is crucial for AI systems like OpenAI's ChatGPT. Huang's optimism is based on the potential for AI to pass a broad range of human tests soon, although he acknowledges the challenges in replicating human cognitive processes. Nvidia's dominance in the accelerator market is highlighted, with significant growth in data center sales. Investors can gain exposure to Nvidia through the VanEck Semiconductor ETF (SMH) and the Global X Robotics & Artificial Intelligence ETF (BOTZ), which have seen substantial gains.

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 1:02 pm

DFLI

Velociti and Dragonfly Energy announced a partnership at the American Trucking Associations Technology Maintenance Council's Annual Meeting & Transportation Technology Exhibition. This partnership allows Dragonfly Energy customers to access Velociti's Instant ROI and Velocare programs, enhancing service and support for Dragonfly's energy solutions in the trucking industry.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:55 pm

KD

STLA

Kyndryl Holdings, Inc. (NYSE:KD) has expanded its multi-year deal with Stellantis N.V. (NYSE:STLA) to manage and operate select essential business operations including networking, data center support, and local IT services in Europe, North America, and South America. This extension builds on the agreement from February 2023 aimed at modernizing Stellantis' IT infrastructure. Kyndryl also reported Q3 adjusted EPS of $(0.05), beating consensus, and sales of $3.94 billion, surpassing estimates. The company revised its FY24 outlook, expecting at least $150 million in adjusted pretax income and a revenue decline of (6%) to (7%) in constant currency.

Portfolio Pulse from Lekha Gupta

March 04, 2024 | 12:50 pm

AMST

Amesite Inc. has announced a collaboration with partners to enhance clinical education by providing accredited continuing education for healthcare professionals through its AI-powered platform. This initiative aims to leverage Amesite's technology to improve the accessibility and quality of education for healthcare workers.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:39 pm