Streetbeat News

Partnerships

SYTA

Siyata Mobile Inc. has expanded its dealer network by partnering with CTS Mobility, a large Verizon Elite Partner. CTS Mobility will distribute Siyata's SD7 Push-to-Talk over Cellular handsets and accessories. This partnership aims to enhance the distribution of Siyata's products across the United States and internationally, leveraging CTS Mobility's commitment to providing best-in-class outcomes for its customers, including enterprises and emergency management services.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:08 pm

OPXS

Optex Systems Holdings, Inc. (NASDAQ:OPXS) has acquired Speedtracker from RUB Aluminum and entered into a Contract Manufacturing Agreement to continue producing the Speedtracker Mach 4+ product line. The acquisition was made with cash on hand and may include future payments based on milestones. Speedtracker is a radar-based chronograph for measuring projectile velocity, and Optex aims to expand its distribution and growth. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:04 pm

META

TSLA

TWTR

TikTok founder Zhang Yiming expressed admiration for Elon Musk's ability to consistently undertake challenging and innovative projects. Musk responded positively to Yiming's comments. The praise comes amidst criticism Musk has faced over his Twitter acquisition, interactions with Mark Zuckerberg, and his desire to increase his stake in Tesla. Jim Cramer has suggested Tesla may be the first to fall from the 'Magnificent 7' stock group due to Musk's behavior.

Portfolio Pulse from Rounak Jain

January 22, 2024 | 12:47 pm

NUKK

Nukkleus Inc. (NASDAQ:NUKK) and its subsidiary, Digital RFQ (DRFQ), have announced a collaboration with Tantel Group to expand in Africa's B2B payments market, valued at over $1.5 trillion. The partnership aims to improve cross-border payment efficiency, reduce costs, and enhance reliability in the region. Nukkleus's CEO emphasized the potential for increased transaction volume for DRFQ as a result of this initiative.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:46 pm

ACIU

RHHBY

AC Immune SA will regain all global rights to its Alzheimer's treatment candidates, crenezumab and semorinemab, after the termination of its collaboration agreements with Genentech, a member of the Roche group. This follows Genentech's decision to return the rights to AC Immune, which could impact the future development and potential commercialization of these drugs.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:33 pm

GIB

CGI (NYSE:GIB), a leading business and IT consulting firm, has announced a global partnership with Körber to enhance production operations for pharmaceutical and life sciences clients. The collaboration integrates CGI's comprehensive services with Körber's Werum PAS-X MES Suite, aiming to boost efficiency, accuracy, and safety in pharmaceutical production, as well as improve decision-making with real-time data access.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:38 am

NGL

NGL Energy Partners LP (NYSE:NGL) announced the expansion of its Lea County Express Pipeline System, increasing capacity from 140,000 to 340,000 barrels of water per day by 2024. The LEX II Expansion includes a new 27-mile pipeline and additional facilities, supported by a contract with an investment grade oil and gas producer.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:33 am

BNOX

Bionomics has announced positive Phase 2b data for BNC210 in treating PTSD, with an FDA discussion expected in Q2'24. They also reported a successful End of Phase 2b meeting with the FDA for BNC210 in SAD, following positive Phase 2 trial results. The company is currently in talks for strategic partnerships for its pipeline assets and is considering clinical development plans for BNC210 in both PTSD and SAD.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:04 am

CELH

PEP

Celsius has expanded its international market presence by entering Canada, the United Kingdom, and Ireland to grow its global sales and distribution. PepsiCo is the exclusive distributor for Celsius in Canada, building on the existing US distribution agreement from 2022. Sales in Canada commenced this month.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:03 am

NVDA

Nvidia CEO Jensen Huang visited China for the first time in four years amid growing U.S.-China tech rivalry. Huang's visit included stops at Nvidia's offices in Shenzhen, Shanghai, and Beijing, with his presence confirmed by an Nvidia representative. The purpose of the visit is not clear, but it coincides with concerns over U.S. sanctions on AI chip exports to China and the potential for Chinese firms to develop competing technology. Nvidia's stock has seen significant growth, with a 246% increase in 2023 and an additional 20% rise this year, reflecting investor confidence in its AI technology leadership.

Portfolio Pulse from Ananya Gairola

January 22, 2024 | 7:06 am