Streetbeat News

Partnerships

CRL

DRRX

Durect Corporation (DRRX) has entered into a co-marketing and collaboration agreement with Charles River Laboratories (CRL) for the ALZET Osmotic Pumps portfolio and associated product line in the US and Canada. This partnership aims to enhance the distribution and development of the ALZET product line, potentially increasing market reach and revenue for both companies.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:02 pm

TTE

TotalEnergies (NYSE:TTE) has entered into a partnership with Bahrain's Bapco Energies to optimize the Sitra refinery and engage in petroleum products trading. This collaboration aims to leverage TotalEnergies' global supply and trading expertise to enhance Bapco's operations. Additionally, TotalEnergies recently signed an agreement with Sembcorp Fuels and reported a revenue of $59.237 billion for Q4 FY23, exceeding expectations and increasing dividends by 7.1%.

Portfolio Pulse from Lekha Gupta

March 04, 2024 | 11:38 am

NVDA

China is offering 'computing vouchers' worth $140,000 to $280,000 to AI startups to mitigate the impact of U.S. chip restrictions. This initiative aims to support the training and operation of large language models (LLMs) amid challenges such as contract cancellations by cloud computing services due to U.S. controls. Nvidia (NASDAQ:NVDA) chips are being repurposed for AI tasks due to these restrictions. Additionally, China plans to introduce a subsidy program for AI groups using domestic chips and is developing an alternative to Big Tech's data centers.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 11:15 am

DLR

Digital Realty (NYSE:DLR) and Mitsubishi Corporation have formed a joint venture for the development of two data centers in Dallas, pre-leased to an S&P 100 customer. Mitsubishi acquired a 65% equity interest with an initial $200 million contribution, while Digital Realty holds a 35% interest and will manage the venture. The project, with a first phase budget of $400 million, aims for a late 2024 completion, offering up to 48 MW of IT load.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:06 am

GSM

LONGi, a leading solar technology company, and Ferroglobe PLC, a top producer of Silicon Metal and Ferroalloys, have entered into a long-term supply agreement starting January 1, 2024. Ferroglobe will supply high-quality quartzite and metallurgical grade silicon to LONGi, enhancing their partnership and collaboration.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:49 am

RTX

Icelandair has chosen Pratt & Whitney's GTF engines, a business of RTX (NYSE:RTX), to power up to 35 new Airbus A320neo family aircraft. This deal includes a mix of leased and purchased A321XLR and A321LR aircraft, making Icelandair a first-time GTF customer. Additionally, Icelandair has entered into an EngineWise agreement with Pratt & Whitney for the long-term maintenance, repair, and overhaul of the GTF engines, ensuring support for smooth service entry and operation.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:06 am

GDTC

CytoMed Therapeutics Limited (NASDAQ:GDTC), a Singapore-based biopharmaceutical company, has announced a Research Collaboration Agreement with Sengkang General Hospital to develop an injectable therapy using umbilical cord-derived mesenchymal stem cells for cartilage diseases. This collaboration aims to establish proof-of-concept and support the commencement of a Phase 1 clinical trial in Singapore, expected to complete within two years.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:05 am

HTOO

Fusion Fuel (HTOO) has been awarded a €1.015 million grant from the European Innovation Fund's Horizon Europe Programme as part of the H2tALENT consortium. This consortium, which includes 29 partners from six European countries and is sponsored by the Universidade de Évora, aims to develop small-scale hydrogen valleys to showcase hydrogen's decarbonization potential across the entire value chain.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:22 am

MSFT

Venture capitalists Vinod Khosla and Marc Andreessen have publicly disagreed over Elon Musk's lawsuit against OpenAI and Sam Altman. Khosla, supporting OpenAI, criticizes Musk's lawsuit as a distraction and emphasizes the importance of not open-sourcing AI technology for national security, likening it to the Manhattan Project. Musk's lawsuit accuses OpenAI and its major investor, Microsoft Corp. (NASDAQ:MSFT), of betraying OpenAI's founding agreement by prioritizing profit and seeks to prevent Microsoft from using advanced AI models like GPT-4.

Portfolio Pulse from Rounak Jain

March 04, 2024 | 9:17 am

AMZN

META

MSFT

NVDA

Dan Niles, a prominent hedge fund manager, has selected Nvidia, Meta, Microsoft, and Amazon as his top stock picks for 2024, citing their earnings potential amid AI bubble concerns. Despite negative revisions for other tech giants, these companies have seen a 50% average increase in EPS expectations since last year. Nvidia's leadership in AI chip production, Meta's investment in Nvidia, Microsoft's expansion of AI technologies, and mixed sentiment on Amazon highlight the diverse factors influencing these picks.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 7:05 am