Streetbeat News

Partnerships

USFD

US Foods Holding Corp. (NYSE:USFD) has reached a tentative agreement with Teamsters Local 705, representing its drivers in Bensenville, Illinois. The 5-year contract includes wage, benefits, and healthcare contribution increases, as well as safety enhancements. The agreement is expected to be ratified on February 3, 2024, and is seen as mutually beneficial, recognizing the efforts of the drivers and supporting the company's growth in the Chicagoland area.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:04 pm

APEI

American Public University System (APU) has partnered with Ardent Health Services to offer a 15-percent tuition grant to over 23,000 Ardent team members and their families for education at APU.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:00 pm

LVO

PODC

PodcastOne has renewed its agreement with The Adam Carolla Podcast and The Adam and Dr. Drew Show, which together boast over 700 million downloads and more than 7000 episodes. Adam Carolla is also set to be inducted into the Podcast Hall of Fame at the 2024 Podfest Expo.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:46 pm

HUM

LVTX

TSLA

Tesla's Q4 financial results fell short of expectations, causing a 9% drop in its stock price. LAVA Therapeutics announced a collaboration with Merck to evaluate LAVA-1207 with KEYTRUDA, leading to a 75% surge in LVTX shares. Humana's shares declined by 17% after reporting Q4 FY23 earnings and providing 2024 guidance.

Portfolio Pulse from ryanfaloona@benzinga.com

January 25, 2024 | 1:42 pm

WINT

Windtree Therapeutics, Inc. (WINT) has reached an agreement with Deerfield Management Company to eliminate a $15M contingent liability related to milestone payments for AEROSURF®. In return, Windtree will issue 608,272 shares of common stock and make two $100,000 cash payments to Deerfield. The company believes this strengthens its financial position and simplifies its balance sheet. Windtree's lead asset, istaroxime, is in clinical trials for cardiogenic shock and acute heart failure, with a new license agreement with Lee's Pharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:40 pm

NVTS

Navitas Semiconductor (NASDAQ:NVTS) and SHINRY have opened a joint R&D power laboratory to accelerate the development of New-Energy Vehicle (NEV) power systems using Navitas' GaNFast technology. The lab aims to create more efficient, higher power density, and cost-effective power systems for NEVs. The collaboration will involve system-level R&D and support from Navitas' EV system Design Center in Shanghai. The partnership is expected to enhance the market competitiveness of SHINRY's products and contribute to the growth of the new energy industry.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:38 pm

SIDU

Sidus Space's LizzieSat satellite has arrived at Vandenberg Space Force Base in preparation for its launch on SpaceX's Transporter-10 mission, scheduled for no earlier than March 2024. LizzieSat will collect data for agriculture, maritime, and oil and gas industries using advanced sensors and onboard AI. The data delivery is expected to start 30 days post-deployment. The mission also supports NASA and Mission Helios, emphasizing Sidus Space's role in space exploration and scientific data collection.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:37 pm

NHWK

Scorpius BioManufacturing, a subsidiary of NightHawk Biosciences (NHWK), has been awarded a multimillion-dollar contract to support a biotech company's Phase 2 clinical program. This contract could signal confidence in Scorpius's manufacturing capabilities and potentially lead to future revenue growth for NHWK.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:31 pm

ALCE

Alternus Clean Energy (NASDAQ:ALCE) has formed a strategic alliance with Hover Energy to offer differentiated 24x7 zero-carbon power by integrating solar and wind-powered microgrids. This collaboration aims to reduce intermittency and minimize storage needs, providing reliable power to commercial and industrial customers. The alliance targets 50 MW of projects, with the first construction set for 3Q'24. The partnership is expected to enhance growth and competitive advantage for both companies.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:12 pm

GE

GE Vernova's nuclear segment, GE Hitachi Nuclear Energy, has been awarded a £33.6 million grant from the UK's Future Nuclear Enabling Fund (FNEF), managed by the Department for Business, Energy & Industrial Strategy (BEIS). This grant will support the development of the BWRX-300 small modular reactor (SMR) in the UK, which is expected to contribute to the country's net-zero carbon goals by providing a cost-effective and flexible nuclear power solution.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:05 pm