Streetbeat News

Partnerships

KNX

Knight-Swift Transportation Holdings, Inc. (NYSE:KNX) announced leadership changes with Adam Miller promoted to CEO and Andrew Hess to CFO, succeeding David Jackson. The company highlighted the extensive experience of both Miller and Hess in their previous roles and their contributions to the company's growth and acquisitions. The changes come after Jackson's successful tenure, during which the company saw significant transformation and stockholder rewards. The new leadership aims to expand the LTL footprint, improve margins, and enhance stockholder returns.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:16 pm

AGBA

AGBA Group Holding Limited, a leading financial supermarket in Hong Kong, is poised for growth in 2024, leveraging Hong Kong's recovering macro environment. The company has refined its business model, implemented cost-cutting measures, and secured funds through equity private placement. Despite a significant share price decline since its Nasdaq listing in 2022, AGBA sees a disconnect between its share price and business value, indicating potential upside for shareholders. Strategic partnerships and expansion plans, including to Singapore, are expected to bolster AGBA's market position.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:09 pm

AZPN

Aspen Technology, Inc. (NASDAQ:AZPN) has implemented its digital grid management solutions for Adani Electricity in Mumbai, aiming to enhance power reliability for over 3 million customers. This collaboration supports Adani's goal to supply 60% renewable electricity by 2027, marking a significant step towards a sustainable and efficient power distribution network in one of India's largest cities.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:06 pm

DASH

DoorDash (NASDAQ:DASH) has announced a partnership with Pet Supplies Plus to offer on-demand delivery from over 700 locations nationwide. This collaboration aims to provide same-day delivery of pet essentials, leveraging DoorDash's local commerce platform and expanding its Pets vertical, which already boasts over 400,000 pet products. Pet Supplies Plus stores will also be featured on DashPass, DoorDash's membership program, enhancing delivery options for pet parents.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:05 pm

VIRT

Virtu Financial, Inc. (NASDAQ:VIRT) has announced a strategic collaboration with ClearingBid, Inc. to expand access to IPO investing through ClearingBid's platform. This partnership leverages Virtu's ITG Net connectivity platform, enabling brokers and financial institutions to place orders for IPO shares. The collaboration aims to enhance the IPO process, making it more accessible and transparent for investors and their brokers by integrating ClearingBid's IPO network with Virtu's global FIX connectivity solutions.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:03 pm

WFC

Wells Fargo & Company announced Doug Braunstein will join as Vice Chairman effective February 28. Braunstein, with over 35 years of financial industry experience, including roles at JPMorgan Chase, will focus on growing Wells Fargo's corporate finance and advisory businesses. He will report to CEO Charlie Scharf and aims to leverage his extensive experience to further strengthen Wells Fargo's Corporate and Investment Banking (CIB) sector and provide strategic counsel to senior management.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:03 pm

GCTK

Glucotrack has chosen Cirtec Medical to manufacture its innovative implantable continuous blood glucose monitor, marking a significant step forward in the development and commercialization of this critical healthcare device.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:45 pm

HEPS

Hepsiburada (NASDAQ:HEPS), a leading Turkish e-commerce platform, announced the appointment of Hakan Karadoğan as Chief Executive Officer of Logistics, effective March 25, 2024. Karadoğan, with extensive experience in logistics and supply chain management, including a tenure at Amazon and General Electric, is expected to drive Hepsiburada's logistics operations to new heights. The company also announced the departure of Chief Logistics Officer Mehmethan Yallagöz, effective March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:40 pm

ADEA

PARA

Adeia has renewed its multi-year intellectual property (IP) license agreement with Paramount, ensuring continued collaboration between the two companies. This renewal signifies the ongoing value of Adeia's IP portfolio to Paramount's operations and could influence investor sentiment towards both companies.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:34 pm

SYNX

Silynxcom has received a repeat order worth $280,000 from a military customer, indicating continued trust and satisfaction with their products. This order could signal strong ongoing relationships and potential for future orders, positively impacting Silynxcom's financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:34 pm