Streetbeat News

Partnerships

BWA

Fermata Energy announced its integration with BorgWarner Inc. (NYSE:BWA) bidirectional EV chargers to enhance Vehicle-to-Everything (V2X) charging capabilities for EV fleets. This partnership aims to lower the Total Cost of Ownership for electric vehicles through intelligent bidirectional charging technology. The collaboration is set to accelerate the availability of this technology for a broader range of transportation use cases and promote a global renewable energy ecosystem. Fermata Energy is also working with automotive OEMs, including a strategic project with Toyota and San Diego Gas & Electric, and has received approval from Nissan for its FE-15 bidirectional charger.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:23 pm

ABBV

AbbVie expands its collaboration with Calibr-Skaggs to further explore the switchable CAR-T (sCAR-T) platform for solid tumor and autoimmune disease treatments. AbbVie will pay an upfront license fee for exclusive access to the sCAR-T platform for up to five years, with options to license existing cell therapy programs. Calibr-Skaggs will support discovery of next-generation sCAR-Ts, with potential milestone payments and royalties.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 5:04 pm

REGN

Cantor Fitzgerald has maintained its Neutral rating for Regeneron Pharmaceuticals (NASDAQ:REGN) but raised its price target from $850.00 to $925.00. Despite this, REGN's current share price of $938.59 indicates a potential downside according to the new target. Regeneron is known for its products in various medical fields, including eye disease and cancer, and has partnerships for developing new technologies.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:00 pm

AAPL

APTV

F

GM

GOOGL

GM's Cruise faces scrutiny in California after failing to fully disclose details of an October accident involving a pedestrian. The incident has raised concerns about the safety of autonomous vehicles (AVs), impacting the reputation of Cruise and the AV industry. The California Public Utilities Commission is investigating the matter. Additionally, the AV market faces challenges as companies like Ford, Volkswagen, and Aptiv dial back on AV plans, while Apple delays its AV launch.

Portfolio Pulse from Neil Dennis

February 06, 2024 | 4:49 pm

TW

Tradeweb Markets Inc (NASDAQ:TW) reported a 26.3% Y/Y revenue growth for Q4, slightly missing consensus estimates. Adjusted EPS met expectations. The company saw significant growth across its Rates, Credit, Equities, Money Markets, and Market Data segments, with a notable 56.9% increase in average daily volume. Tradeweb announced a dividend increase of 11.1% and highlighted strategic acquisitions and partnerships aimed at global expansion. FY24 guidance includes expected LSEG Market Data Contract Revenues growth.

Portfolio Pulse from Anusuya Lahiri

February 06, 2024 | 4:37 pm

GLOB

Globant (NYSE:GLOB) has launched its Loyalty Studio, leveraging AI and innovative technology to offer comprehensive loyalty strategies and solutions aimed at boosting customer engagement, revenue, and profitability. The studio focuses on creating personalized rewards, implementing scalable solutions, and optimizing loyalty programs using cutting-edge technologies like blockchain, AI, VR, and the metaverse. This initiative is expected to help businesses retain customers, achieve greater profitability, and expand into new markets.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:11 pm

SAM

Snoop Dogg, in partnership with Hill Beverage Co. and Death Row Records, launches Do It Fluid, a line of hemp-infused beverages aimed at redefining cannabis consumption. The global cannabis beverage market, valued at $1 billion in 2022, is expected to grow to $3.9 billion by 2030. The U.S. market alone was worth $752 million in 2022. Competitors like Boston Beer Company (NYSE:SAM) are also targeting this booming market. Do It Fluid offers a healthier, smokeless alternative to traditional cannabis products, with a focus on natural ingredients and sustainability. The brand plans to expand into a conglomerate of diverse beverage brands.

Portfolio Pulse from Javier Hasse

February 06, 2024 | 4:08 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) announced the successful installation of its PX-30 Hydrocarbon Extraction System at Lume Cannabis' Michigan facility. This system, the largest in Agrify's PX-Extraction series, represents a significant advancement in extraction technology, designed to enhance efficiency and precision. The installation marks a milestone for Agrify, emphasizing its commitment to providing innovative solutions to the cannabis and hemp industries. Lume Cannabis upgraded to the PX-30 to meet the growing demand for premium extracts, highlighting the system's high extraction efficiency, operational design, and compliance with safety standards.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:04 pm

AAL

DAL

LUV

UAL

FAA Administrator Whitaker is scheduled to meet with airline CEOs on Wednesday to discuss information sharing, according to Reuters citing the agency and airlines. This meeting could impact various aspects of the aviation industry, including safety protocols, operational efficiency, and regulatory compliance.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:00 pm

MAPS

The Brooklyn Nets and NY Liberty have become the first NBA and WNBA teams to enter a sponsorship deal with a CBD brand, Mynd Drinks, as the NBA relaxes its CBD regulations. This partnership, facilitated by BSE Global, marks a significant shift in sports towards embracing wellness and recovery products. The NBA's progressive stance on cannabis, including removing it from its anti-drug testing program, opens new marketing avenues for CBD brands despite advertising restrictions. Kevin Durant's partnership with WM Technology Inc (NASDAQ:MAPS) highlights the growing acceptance of cannabis in the athletic community.

Portfolio Pulse from Patricio Liddle

February 06, 2024 | 3:39 pm