Streetbeat News

Partnerships

KKR

TIGO

Tigo Colombia, a subsidiary of Millicom, has agreed to sell approximately 1,100 wireless communications towers to affiliates of investment funds managed by KKR. The terms of the deal were not disclosed. KKR intends to lease the towers back to Tigo Colombia to support its wireless networks, in partnership with NEXO LatAm, a platform aiding KKR's infrastructure strategy in Latin America.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:59 pm

XELB

Xcel Brands has announced a 30% investment in ORME, a New York-based short-form video marketplace. ORME focuses on content created by shoppers, creators, influencers, and brands in the digital space. The platform was co-founded by Xcel Brands and KonnectBio, Inc. No financial terms of the investment were disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:27 pm

FCX

GLDG

IDR

GoldMining Inc. (GLDG) reported positive drilling results at the Whistler Gold-Copper Project, with significant gold and copper finds and plans for further exploration in 2024. The company is financially stable with $129 million in cash and investments. Idaho Strategic Resources Inc. (IDR) CEO John Swallow will participate in a DOE workshop on critical minerals independence in the U.S. Freeport-McMoRan Inc. (FCX) reported strong Q4 and full-year results for 2023, with higher copper sales volumes and lower net cash costs than expected, and a net income of $388 million for Q4.

Portfolio Pulse from Austin DeNoce

January 24, 2024 | 9:41 pm

NOW

EY and ServiceNow (NYSE:NOW) have expanded their strategic alliance to provide solutions for generative AI (GenAI) compliance, governance, and risk management. EY will utilize ServiceNow's Now Assist GenAI capabilities to enhance experiences for its professionals and clients. The new AI solutions will amplify EY's capabilities on ServiceNow's risk management solutions and are expected to be available in Q1 2024. The offerings aim to improve AI management and governance, ensure compliance with regulations, and promote ethical business practices. ServiceNow and EY have a history of collaboration and plan to focus on additional offerings for specific industries in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:37 pm

AMD

GOOGL

IBM

MSFT

NVDA

PLTR

The U.S. National Science Foundation has launched the National Artificial Intelligence Research Resource (NAIRR) pilot in collaboration with federal agencies and private organizations, including tech giants Nvidia, AMD, IBM, Microsoft, and Google. The initiative aims to democratize AI resources, fostering an inclusive and competitive AI environment in the U.S. It aligns with President Biden's vision for responsible AI and is expected to drive economic growth and create new markets. Tech companies have expressed their support, highlighting their contributions to the project.

Portfolio Pulse from Piero Cingari

January 24, 2024 | 9:34 pm

CLPT

ClearPoint Neuro, Inc. (NASDAQ:CLPT) has announced the successful installation and initial procedure using the ClearPoint Prism Neuro Laser Therapy System and Navigation System at Kaleida Health in Buffalo. The procedure was led by Dr. Jonathan Riley, who praised the technology for enabling minimally invasive neurosurgical procedures. The Prism laser, which is the only non-cooled laser applicator on the market, simplifies setup and improves efficiency. Currently in limited market release, a full market release is expected later this year.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:25 pm

VTOL

Bristow Group Inc. (NYSE:VTOL) has secured a new twelve-year equipment financing deal for up to £55 million with a bank syndicate led by NatWest to support its capital commitments for the UKSAR2G contract. The financing, backed by four new AW139 SAR helicopters, will fund in 2024 and bears interest at SOIA plus 2.75% per annum. The syndicate includes NatWest, Virgin Money, and First-Citizens Bank & Trust Company.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:02 pm

MOB

Mobilicom's stock price has increased following the announcement that its ICE Cybersecurity system was selected by Israel's Ministry of Defense for use in their small-sized drone program.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 8:38 pm

NKLA

Baird analyst initiated coverage on Nikola Corporation (NASDAQ:NKLA) with an Outperform rating and a $2 price target, citing the potential in the zero-emissions trucking market and the strength of Nikola's management team. The analyst highlighted the company's proprietary design and software as key differentiators and anticipates catalysts such as manufacturing improvements, customer and partnership announcements, and hydrogen infrastructure buildout. A new CFO is expected to be named soon, which will complement CEO Steve Girsky's team. State or federal incentives in new geographies could also positively impact the stock. Nikola's software, with several patented features, is seen as an underappreciated aspect of their offering. NKLA shares rose 5.54% to $0.6861.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 7:40 pm

EVAX

MRK

Evaxion Biotech A/S (NASDAQ:EVAX) stock is trading higher due to the company's announcement of an expanded commitment to developing cancer vaccines targeting Endogenous Retroviruses (ERVs) using AI-Immunology. ERVs, which are overexpressed in cancer cells, present a new treatment opportunity that could extend to patients unresponsive to conventional immunotherapy. Evaxion is initiating preclinical activities aiming for Proof-of-Concept data by H2 2024. The stock's volume surged to 1.95 million compared to its 100-day average of 33.377K. In December, Evaxion closed a $5.3 million private placement with Merck & Co Inc's (NYSE:MRK) venture capital arm being a significant investor. Merck reported an 11.4% stake in Evaxion as of December 21, 2023. EVAX shares have risen 97% to $9.29.

Portfolio Pulse from Vandana Singh

January 24, 2024 | 7:08 pm