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Partnerships

PEP

TSLA

PepsiCo Inc (NASDAQ:PEP) has reported that a Tesla Semi truck covered 1,076 miles in a single day with two drivers. PepsiCo, aiming for carbon neutrality by 2040, received Tesla Semis in 2022 and currently operates about 21 of them at its Sacramento distribution center. The Tesla Semi, still in pilot production, is expected to enter volume production in 2024. Tesla (NASDAQ:TSLA) is expanding Giga Nevada for Semi production and is working with PepsiCo to test the vehicle's durability.

Portfolio Pulse from Anan Ashraf

January 26, 2024 | 9:17 am

CANG

Cango Inc. has formed a strategic partnership with Caocao Mobility to develop a next-generation smart mobility ecosystem. The collaboration will focus on new car sales, used car transactions, financing services, and mobility offerings, utilizing the strengths and resources of both companies.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:25 am

JNPR

Juniper Networks has been chosen by James Cook University Singapore to provide an AI-driven network to support transformative blended learning experiences. This collaboration is expected to enhance the university's technological capabilities and offer advanced learning solutions.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:14 am

GOEV

Canoo Inc. (NASDAQ:GOEV) has announced a deal with the U.S. Postal Service (USPS) to supply six electric vehicles as part of USPS's $40 billion investment strategy. The vehicles, Canoo's Lifestyle Delivery Vehicle 190 (LDV 190), are expected to be delivered in Q1 2024. This purchase aligns with USPS's goal to have 66,000 EVs by 2028, including 45,000 battery-electric Next Generation Delivery Vehicles. USPS's total EV procurement plans include 21,000 vehicles, with 9,250 from Ford Motor Co, depending on market and operational factors.

Portfolio Pulse from Anan Ashraf

January 26, 2024 | 2:46 am

STLA

Italian Prime Minister Giorgia Meloni criticized Stellantis NV for considering moving car production to lower-cost countries. Meloni emphasized that cars branded as 'Italian jewels' should be made in Italy. Stellantis has been advising Italian suppliers to look into investments in Morocco, but the Italian government wants Stellantis to produce a million cars in Italy annually. Stellantis reaffirmed its commitment to Italy, citing billions invested in local development. CEO Carlos Tavares highlighted the need for cost-cutting due to the expensive shift to electric vehicles (EVs) and criticized Italy's rigid EV incentives, which he believes have reduced production at the Mirafiori plant.

Portfolio Pulse from Anan Ashraf

January 26, 2024 | 2:40 am

INTC

Intel's CEO announced during a conference call that the company has secured a chipmaking deal with a significant high-performance computing customer.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:26 pm

HYZN

PFGC

Hyzon Motors has delivered four heavy-duty fuel cell electric vehicles to Performance Food Group (PFG), six months after announcing their agreement. This marks a step forward in the adoption of clean energy vehicles in the food distribution industry.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:24 pm

AGIX

FET

LINK

OCEAN

ORAI

RNDR

TAO

Bittensor (TAO), an AI-powered blockchain platform, has seen a significant surge of over 30% in a week, outperforming other altcoins and meme cryptocurrencies. TAO's rise is attributed to its unique proposition in the AI crypto space, which includes facilitating the creation and deployment of intelligent applications. The token's performance has caught the attention of investors and influencers, pushing it past its all-time high of $394. Other AI crypto projects like Render (RNDR), SingularityNET (AGIX), Fetch.ai (FET), Ocean Protocol (OCEAN), Oraichain (ORAI), and Chainlink (LINK) are also noted as potential key players in the sector.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 10:09 pm

TVTX

Travere Therapeutics, Inc. (NASDAQ:TVTX) has entered into an exclusive licensing agreement with Renalys Pharma, Inc. to develop and commercialize sparsentan, a treatment for IgA nephropathy, in Japan, South Korea, Taiwan, and several Southeast Asian countries. Travere will receive an upfront payment and is eligible for up to $120 million in milestone payments, plus royalties on net sales. Renalys will handle development, regulatory matters, and commercialization in the licensed territories. A registrational study in Japan is planned for Q2 2024, with results expected in H2 2025.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:40 pm

PRCH

Porch Group, Inc. (NASDAQ:PRCH) has entered into a strategic business collaboration agreement with Aon Corp. and Aon Re, Inc., which will result in Porch receiving approximately $25 million upfront and an expected $5 million over the next four years. The partnership includes reinsurance placements and other services such as data modeling. Additionally, the agreement includes a release of claims related to the Vesttoo fraud, with Porch maintaining the right to pursue claims against non-Aon parties.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:38 pm