Streetbeat News

Partnerships

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

BA

EADSY

SPR

Spirit AeroSystems Holdings Inc (NYSE:SPR) reported a 37% Y/Y revenue growth for Q4 FY23, reaching $1.81 billion and surpassing the consensus of $1.74 billion. This growth was attributed to higher production deliveries across most Commercial programs, increased Defense and Space and Aftermarket revenue, and favorable adjustments from a Boeing Company (NYSE:BA) agreement. Despite the revenue beat, adjusted EPS was $0.48, missing the consensus of $0.87. Spirit's backlog stood at ~$49 billion, including Airbus SE (OTC:EADSY) work packages. The company refrained from providing guidance due to uncertainties with the 737 MAX production rate and Airbus price negotiations.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 3:25 pm

TILT

Travis Barker, drummer for Blink-182, has launched a vegan, cruelty-free cannabis brand named Barker Canna Co., featuring prerolls, edibles, and vape cartridges. The brand has partnered with TILT Holdings Inc. (CBOE: TILT) (OTCQB:TLLTF), specifically through its subsidiary Jupiter Research, for hardware. The products are initially available at The Syndicate dispensary in California, with plans to expand statewide and nationally. TILT's CEO, Tim Conder, highlighted the partnership's synergy, emphasizing Jupiter's role in creating a premium line of products.

Portfolio Pulse from Jelena Martinovic

February 06, 2024 | 3:24 pm

JPM

Chase announced a multi-billion dollar investment to open over 500 new branches, renovate 1,700 locations, and hire 3,500 employees by 2027. The expansion aims to provide greater access to banking in new markets, including underserved communities, and will contribute to local economic growth through construction, community investments, and hiring. Marianne Lake, CEO of Consumer & Community Banking, emphasized the commitment to the financial and overall health of the communities served.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 3:02 pm

SLAB

Silicon Labs has partnered with Arduino to facilitate the development of Matter over Thread applications, significantly reducing the time required for developers to commission a new device to under two minutes.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 3:02 pm

HOOD

Consensys and Robinhood Markets, Inc (NASDAQ:HOOD) have launched Robinhood Connect integration with MetaMask, enabling customers to purchase crypto through Robinhood's low-cost order engine via MetaMask's Buy Crypto feature. This collaboration aims to facilitate web3 adoption by providing a secure, user-friendly, and self-custodial approach to accessing digital assets. A global survey by Consensys indicates a strong demand for more control and ownership over online identity and creations, with complexity being a major barrier to web3 and crypto adoption.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 3:02 pm

CAH

PRPO

Precipio, Inc. (NASDAQ:PRPO) has signed a distribution agreement with Cardinal Health for its HemeScreen molecular assay products. This agreement allows Cardinal Health to market and distribute Precipio's HemeScreen portfolio to its extensive customer base, including hospital networks, reference laboratories, and physician-owned laboratories. This partnership is expected to strengthen Precipio's distribution network and position it for growth in 2024, alongside existing agreements with Fisher Healthcare and McKesson.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 3:00 pm

BTTX

Better Therapeutics (BTTX) has entered into a rebate agreement with pharmacy benefit managers for its AspyreRx diabetes treatment. While financial terms were not disclosed, this agreement is seen as a crucial step towards achieving widespread coverage for AspyreRx.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:48 pm