Streetbeat News

Partnerships

HOOK

HOOKIPA Pharma is refocusing its business priorities to advance the clinical development of HB-200 for HPV16+ head and neck cancers and to continue its infectious disease programs in partnership with Gilead. The company will regain global development rights to the HB-700 program for KRAS-mutated cancers from Roche but remains eligible for a milestone payment upon IND submission. To reduce costs, HOOKIPA will reduce its workforce by approximately 30%. Despite these changes, HOOKIPA reports a strong cash position of $117.5 million as of the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:05 pm

AMZN

EBAY

WKSP

WMT

Worksport is expanding its B2B dealer network across the US and Canada, aiming to enhance its presence on major online platforms including Amazon, eBay, and Walmart. This expansion is expected to increase the company's market reach and accessibility to consumers.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:04 pm

MSFT

SONY

Sony Group Corporation has invested in African gaming startup Carry1st to expand its gaming presence in Africa. Carry1st, based in Cape Town, South Africa, is expected to collaborate with Sony on commercial opportunities. The investment aligns with Sony's strategy to broaden PlayStation's gaming experiences across various platforms, including PC, mobile, and cloud. The African gaming industry is projected to exceed $1 billion by 2024, and Carry1st is developing original mobile games for the African market. This move comes as global gaming companies are increasingly focusing on Africa, highlighted by Microsoft's acquisition of Activision Blizzard.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 12:54 pm

RDW

Redwire is expanding its in-space manufacturing technology portfolio with the launch of MSTIC, its autonomous semiconductor manufacturing platform, to the ISS on Northrup Grumman's NG-20 mission.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:35 pm

LILM

AJW Group has signed an agreement with Lilium to develop global material services and distribution to support the Lilium Jet's global aircraft operations and Lilium's aftermarket services business.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:32 pm

AKTS

Akoustis Technologies has achieved a significant milestone by securing a design win from a Tier-1 automotive product supplier for its wireless battery management system chipset, which will be used in electric vehicles. This win represents a strategic advancement for Akoustis in the automotive sector, directly supplying the original equipment manufacturer (OEM).

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:28 pm

PRZO

ParaZero Technologies has successfully completed a drone safety project for an undisclosed Fortune 500 automotive manufacturer, developing a custom variant of their SafeAir drone safety system. The company has received full payment as per the project agreement announced on December 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 12:27 pm

BP

EQNR

NGG

Equinor ASA (NYSE:EQNR) and National Grid PLC (NYSE:NGG) are among the energy companies that have submitted bids to the New York State Energy Research and Development Authority (NYSERDA) for three offshore wind projects. This comes after a challenging period in 2023 with canceled contracts due to inflation, interest rates, and supply chain issues. Equinor recently gained full ownership of Empire Wind and South Brooklyn Marine Terminal from BP PLC (NYSE:BP), enhancing its position in New York's clean energy drive. Equinor expects to begin construction in the first half of this year, with the first power expected in 2026 and commercial operation by 2027.

Portfolio Pulse from Lekha Gupta

January 29, 2024 | 12:18 pm

MSFT

Microsoft CEO Satya Nadella is planning a visit to India on February 7 and 8 to explore AI opportunities, following Microsoft's commitment to harness technology in the region. The visit aligns with discussions from a June 2023 meeting with Indian PM Narendra Modi, focusing on AI to improve Indian lives and the startup ecosystem. Indian AI startups are preparing to meet Nadella. Microsoft's AI initiatives include a partnership with OpenAI, AI integrations in Office 365, and incorporating Bing into ChatGPT.

Portfolio Pulse from Arpit Nayak

January 29, 2024 | 12:10 pm

EVEX

HON

Eve Air Mobility has announced four suppliers for its eVTOL aircraft: Thales for air data solutions, Honeywell for guidance and navigation systems, RECARO Aircraft Seating for seats, and FACC for the tail components including rudder and elevator.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:55 am