Streetbeat News

Partnerships

GRBK

Green Brick Partners, Inc. (GRBK) and Hersh Family Investments announce Rainwater Crossing, a new joint venture community in Celina, Texas. Spanning over 550 acres, the development will feature more than 1,900 homesites with amenities including a resort-style clubhouse, swimming pool, and sport courts. This marks the sixth community in Celina involving Green Brick, showcasing homes built by four Green Brick subsidiary builders.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:28 pm

HCA

HCA Healthcare's Sarah Cannon Cancer Institute has transitioned over 75% of its CAR T-cell therapy patients to outpatient monitoring, saving 1,200 hospital bed days for the first 100 patients and avoiding hospitalization for 20% of patients. This was achieved through a new integrated management process and technology from Best Buy Health's Current Health platform for at-home monitoring. The initiative, piloted at four sites, aims to improve patient care and meet the demand for cell therapies. HCA plans to expand this model to more sites.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:09 pm

STNG

Scorpio Tankers Inc. (NYSE:STNG) has signed a non-binding MOU with Fowe Eco Solutions Ltd. to install fuel-saving devices across its fleet, aiming to reduce fuel costs by at least 3% and cut carbon emissions by 100,000 tons annually. The agreement involves no significant upfront costs and is expected to be finalized in Q1 2024.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:06 pm

DOV

Environmental Solutions Group (ESG), a part of Dover (NYSE:DOV), announced the expansion of its Connected Collections suite with the introduction of Recycling and Waste Facility Contamination Detection technology through its 3rd Eye SaaS product. This expansion aims to enhance safety, efficiency, and sustainability in solid waste and recycling management by enabling end-to-end contamination detection across various facilities. The technology integrates with existing systems like Soft-Pak and Scale-Pak to improve billing processes and provide a comprehensive view of waste streams, promising significant ROI.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:54 pm

NWL

Newell Brands (NASDAQ:NWL) announced board changes including the election of James Keane and Anthony Terry, and the departure of Robert Steele, Courtney Mather, and Jay Johnson. Bridget Ryan Berman will become the new Chair effective May 8, 2024. The board size will decrease from eleven to eight members. These changes are part of the board's commitment to refreshment and are expected to support the company's ongoing turnaround strategy.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:51 pm

COLD

CP

Americold Realty Trust (NYSE:COLD) announced plans to develop its first cold storage facility on the Canadian Pacific Kansas City (CPKC) rail network in Kansas City, Missouri, marking a strategic collaboration between COLD and CPKC (TSX:CP) (NYSE:CP). The $127 million facility aims to connect key U.S. Midwest and Mexico markets, supporting CPKC's MMX service for more efficient goods transport. The project, expected to create nearly 190 jobs, underscores Missouri's strategic value and aims to strengthen North American supply chains.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:43 pm

LGND

Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) announced its partner Eisai Co., Ltd. received approval in Japan for an injection formulation of the antiepileptic drug Fycompa, formulated with Ligand's Captisol technology. This marks the 16th Captisol-enabled product approved worldwide. Ligand is entitled to royalties from sales of this new formulation. Fycompa, a first-in-class AED, targets glutamate activity at AMPA receptors to reduce seizures. It is approved in over 75 countries for various forms of epilepsy.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:29 pm

GRAM

At Benzinga's Market Spotlight: California conference, cannabis industry experts emphasized the importance of being selective in partnerships and financial decisions for growth in the competitive California market. Snoop Dogg's Death Row Cannabis focuses on quality in California, while Gold Flora Corp (OTC:GRAM) aims to leverage its strengths post-merger with The Parent Co. The upcoming Benzinga Cannabis Capital Conference in Florida was also highlighted.

Portfolio Pulse from Dustin Blitchok

February 22, 2024 | 8:10 pm

ARM

INTC

MSFT

UMC

Intel Corp (NASDAQ:INTC) hosted Intel Foundry Direct Connect, where CEO Pat Gelsinger outlined the future of Intel, including the division into Intel Products and Intel Foundry. The event detailed updates to the Foundry services roadmap, including new business units, volume production updates, and partnerships. Notably, Intel is expanding its foundry services and has design wins with Microsoft Corp (NASDAQ:MSFT) and Arm Holdings Plc (NASDAQ:ARM) for SoCs. Additionally, Intel announced a partnership with United Microelectronics Corp (NYSE:UMC) for 12nm production. Despite these developments, Oppenheimer analyst Rick Schafer maintains a Perform rating on INTC, citing the company's ongoing efforts to achieve process leadership and foundry ambitions.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 7:37 pm

MSFD

MSFT

MSFU

Microsoft is leading in AI with its investment in OpenAI, powering products like Copilot, and leveraging Azure for backend processing. This has propelled Microsoft's growth, with Azure's revenue up 30% last quarter. The partnership with OpenAI, especially in AI and cloud services, is challenging AWS's market dominance. For investors, Direxion offers leveraged ETFs, MSFU for bulls and MSFD for bears, to capitalize on Microsoft's performance.

Portfolio Pulse from Johnny Rice

February 22, 2024 | 6:58 pm