Streetbeat News

Partnerships

CE

Celanese Corporation (NYSE:CE), a global specialty materials and chemical company, announced its approval as a Utilization Procurement Grants (UPGrants) vendor by the U.S. Department of Energy. This makes Celanese the only producer of low-carbon acetic acid under the ECO-CC product name, using carbon capture and utilization (CCU) technology. The company's products, including low-carbon methanol, aim to reduce greenhouse gas emissions and support sustainable solutions across various applications. Celanese's CCU project at Clear Lake, Texas, is expected to capture 180,000 metric tons of CO2 annually, contributing to the production of 130,000 metric tons of low-carbon methanol.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:02 pm

CDNS

DSY.PA

Cadence Design Systems, Inc. (CDNS) and Dassault Systèmes (DSY.PA) have announced an extension of their strategic partnership to integrate Cadence's AI-driven OrCAD X and Allegro X with Dassault's 3DEXPERIENCE Works Portfolio for SOLIDWORKS customers. This collaboration aims to accelerate the development of electromechanical systems by offering a cloud-enabled, end-to-end solution that promises up to a 5X reduction in design turnaround time. The solution enhances collaboration across PCB, 3D mechanical design, and simulation, optimizing performance, reliability, manufacturability, and cost. It will be available in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:01 pm

BMR

NVDA

Beamr shares are trading higher following the announcement of its joint research presentation with NVIDIA on automated video modernization at the ACM Mile-High-Video 2024 conference.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:00 pm

WTW

WTW (NASDAQ:WTW) has announced a co-brokerage agreement with the Solomon Agency Corporation to provide brokerage support and customized insurance solutions to North American exposures of companies headquartered in South Korea and Vietnam. This partnership leverages WTW's Asia Risk Division and Solomon Agency's client base, aiming to deliver optimal risk transfer services and solutions in the Asia Pacific region. The collaboration aligns WTW's industry knowledge and market relationships to serve the unique needs of Asian companies in North America.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 1:52 pm

AGR

Avangrid's stock price increased following the announcement of a wind energy project in collaboration with Amazon. This partnership highlights Avangrid's expansion in renewable energy and its strategic relationship with major corporations.

Portfolio Pulse from Luke J Jacobi

February 12, 2024 | 1:47 pm

BMR

MGIH

MNDY

Monday.Com (MNDY) reported Q4 adjusted EPS of $0.65, surpassing the $0.32 estimate, with sales of $202.57M beating the $197.95M estimate. Millennium Group International (MGIH) shares surged 139% premarket after YC 1926 (BVI) Limited disclosed an 88.89% stake. Beamr (BMR) and NVIDIA announced a partnership to accelerate the adoption of the AV1 video standard.

Portfolio Pulse from ryanfaloona@benzinga.com

February 12, 2024 | 1:47 pm

SABR

Riyadh Air has chosen Sabre's technology solutions to enhance its Network Planning, Commercial, and Analytics processes. This collaboration positions Riyadh Air for future operations, as it partners with world-class suppliers ahead of its first flight in 2025. Financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:37 pm

ATER

HOG

POWW

VSCO

WOR

As of Feb. 12, 2024, five consumer discretionary stocks are considered overbought based on their RSI values, indicating potential short-term performance concerns. Aterian, AMMO, Harley-Davidson, Victoria's Secret, and Worthington Enterprises have shown significant price gains recently, but their high RSI values suggest they may be due for a correction.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 1:31 pm

EDBL

Edible Garden has signed three-year expanded distribution agreements with a US food retailer, anticipating revenue generation of $18M-$20M over the contract term.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:31 pm

SYRA

Syra Health Corp. (NASDAQ:SYRA) has secured a healthcare workforce contract with Fairfax County, Virginia, to provide 24-hour nursing care and staff other temporary healthcare positions. This marks the company's third active government contract in Virginia, emphasizing its role in healthcare staffing. The contract, which extends through June 30, 2028, with potential for renewal, will generate revenue based on staffing needs and hourly rates. Syra Health's commitment to enhancing healthcare through staffing solutions aligns with its mission to improve healthcare services.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:16 pm