Streetbeat News

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Cryptocurrencies surge amid small banking fears and potential regulatory advancements. US markets show signs of overbought levels but remain optimistic. Political and global events continue to influence market sentiments. Tech and EV sectors see significant developments, while consumer and communication sectors experience notable stock movements. Financial sector reports gains, particularly for SoftBank. General news highlights include corporate and legal updates.

Portfolio Pulse from Akanksha Bakshi

February 08, 2024 | 2:28 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) has achieved a significant milestone with the full deployment of its BolaWrap Remote Restraint device by the Fairfax County Police Department (FCPD) in Virginia. This marks one of the first full deployments of the device by a major U.S. law enforcement agency, following a successful pilot program. The BolaWrap is highlighted as a humane and effective tool for handling incidents, especially those involving mental health and substance abuse, aiming to improve safety and de-escalation practices.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:13 pm

MTTR

Matterport, Inc. (NASDAQ:MTTR) has announced a multi-year agreement with Visiting Media, a leader in immersive sales enablement for the hospitality sector. This partnership deepens Visiting Media's use of Matterport's Digital Twin Platform and Property Marketing solution, enhancing virtual tours for hotels. The collaboration aims to streamline workflows, improve operational efficiency, and accelerate the sales cycle in the hospitality industry, which is increasingly adopting digital twins for marketing and management.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:13 pm

LOVE

Lovesac has announced a partnership with KidSuper for a Fashion Week collaboration, which will feature a limited-edition product collection. This collaboration will also celebrate the launch of the KidSuper Headquarters in New York.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:10 pm

ULCC

Frontier Airlines has announced a partnership with Landing, introducing the Nomad Pass, a new initiative aimed at catering to the needs of remote workers and digital nomads. This collaboration is designed to offer flexible travel options and accommodations, enhancing the travel experience for a growing segment of the workforce that values mobility and flexibility.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:08 pm

IINN

IINNW

Inspira Technologies (IINN, IINNW) has signed a non-binding LOI with Shamir Medical Center in Israel for the clinical evaluation of its INSPIRA ART100 device, aimed at improving life-support care. This collaboration, pending AMAR approval, will assess the device's integration, efficiency, and impact on healthcare delivery. The evaluation will be led by Dr. Eduard Ilgiyaev, with the hospital procuring necessary disposables. Inspira anticipates FDA approval and sees this as a step towards global market adoption.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:08 pm

SYRA

Syra Health has announced it will provide multiple services to Caduceus Healthcare, Inc., a Georgia-based company that is the prime contractor for a multi-billion-dollar Federal Influx Care Facilities contract. This partnership highlights Syra Health's role in supporting significant federal healthcare initiatives.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:06 pm

CVKD

Cadrenal Therapeutics, Inc. (NASDAQ:CVKD) announced the appointment of Jeff Cole as Chief Operating Officer, ahead of its Phase 3 pivotal trial for tecarfarin. Cole brings over 25 years of experience in pharmaceutical operations, having held senior roles at Espero BioPharma, Valeant Pharmaceuticals, and Legacy Pharmaceuticals. His responsibilities at Cadrenal will include overseeing manufacturing, supply chain operations, intellectual property, and commercialization strategies for tecarfarin.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:04 pm

SSNC

SS&C Technologies has formed a strategic partnership with Regnology to deliver a fully integrated risk and regulatory reporting solution. This collaboration aims to streamline compliance processes and provide analytical insights, helping institutions quickly adapt to regulatory changes.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:04 pm

SNES

SenesTech, Inc. (NASDAQ:SNES) has entered into an exclusive distribution agreement with Evicom to distribute its Evolve Soft Bait fertility control product in Australia and New Zealand. This partnership aims to address the demand for environmentally sustainable pest control solutions, particularly in response to Australia's rat plagues and New Zealand's efforts to eradicate invasive Norway rats by 2050. The agreement includes annual minimums and mandates Evicom to lead regulatory approvals in the target markets.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:03 pm