Streetbeat News

Partnerships

EQT

EQT Corporation has entered into a 15-year tolling agreement with Texas LNG to produce 500,000 tons per annum of liquefied natural gas (LNG). This long-term contract signifies a commitment to LNG production and may influence EQT's production strategies and financial outlook.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:16 pm

BTMD

Biote Corp. (NASDAQ:BTMD) has appointed Robert Peterson as its new Chief Financial Officer, effective January 8, 2024. Peterson, with 15 years of experience in the health and wellness industry, will take over from Samar Kamdar, who is leaving to pursue other opportunities but will remain as an advisor during the transition. Peterson's background includes roles at Virbac Corporation and Alcon Laboratories/Novartis Eye Care. CEO Terry Weber expressed confidence in Peterson's ability to drive financial and operational performance and thanked Kamdar for his contributions.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:12 pm

ESEA

Euroseas Ltd. (NASDAQ:ESEA) has secured a time charter contract for its new fuel-efficient 2,800 teu feeder containership, M/V Tender Soul, for 8-10 months at $17,000 per day, starting February 2024. The charter is expected to contribute approximately $2.4 million of EBITDA for the minimum period and increases the company's 2024 charter coverage to about 70%. The company's CEO, Aristides Pittas, expressed satisfaction with the deal, especially given the current high rate of new vessel deliveries and pressure on containership rates. Euroseas is also focusing on chartering out remaining newbuildings and completing their debt financing, while maintaining a strong cash position to fund their newbuilding program and return funds to shareholders through dividends and buybacks.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:10 pm

TPIC

TPI Composites, Inc. has signed expanded supply agreements with GE Vernova, the renewable energy unit of General Electric, to produce wind blades in Mexico. This deal is expected to enhance TPI's position in the wind energy market and may influence the company's financial performance positively.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:09 pm

APO

Apollo Global Management, Inc. (APO) has partnered with PGA TOUR golfer Patrick Cantlay, marking the firm's first brand partnership with an athlete. Cantlay will promote Apollo's asset management and retirement services. This follows the end of Cantlay's previous partnership with Goldman Sachs Group, Inc. (GS) to promote Marcus, their online banking service. Cantlay will start sporting the Apollo logo at the PGA American Express Open. Meanwhile, APO shares have dropped by 1.65% to $95.12.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 6:55 pm

ALT

AMGN

BAYRY

BAYZF

LLY

MRK

NVO

PFE

Pharmaceutical giants Amgen Inc (AMGN) and Pfizer Inc (PFE) are actively seeking entry into the $100B obesity market, aiming to challenge the dominance of Novo Nordisk (NVO) and Eli Lilly (LLY). Amgen is advancing its experimental obesity drug, MariTide, in Phase 2 trials and developing AMG 786, with data expected in late 2024 and 1H 2024, respectively. Pfizer's CEO confirmed their commitment to the obesity sector. Other companies like Merck (MRK) and Altimmune (ALT) are also developing similar treatments, while Bayer (BAYRY, BAYZF) is open to partnerships to navigate the market. These drugs are being evaluated for additional health benefits beyond weight loss.

Portfolio Pulse from Vandana Singh

January 11, 2024 | 4:40 pm

BYDDY

TSLA

Toyota Motor Corp (NYSE:TM) is planning to launch vehicles with advanced solid-state batteries in about two years, aiming to compete with EV leaders like Tesla Inc (NASDAQ:TSLA) and BYD Company (OTC:BYDDY). These batteries are expected to charge faster, have a longer life, and provide a driving range of 1,200 kilometers. Toyota collaborated with Idemitsu Kosan for development and targets commercialization between 2027 and 2028. Maruti Suzuki, a subsidiary of Suzuki Motor and Toyota's partner, will export its first battery EV to Japan and Europe. Toyota's stock (TM) saw a slight increase of 0.64% to $193.95.

Portfolio Pulse from Shivani Kumaresan

January 11, 2024 | 4:28 pm

MSFT

Microsoft Corp. announced new generative AI and data solutions for retailers, enhancing the Microsoft Cloud for Retail. These solutions include copilot templates on Azure OpenAI Service for personalized shopping experiences, retail data solutions in Microsoft Fabric, copilot features in Dynamics 365 Customer Insights, and the launch of Retail Media Creative Studio. The AI tools aim to improve customer engagement, store associate productivity, and marketing campaign effectiveness. Canadian Tire Corp. plans to launch an AI shopping assistant using Azure OpenAI Service. Microsoft Experience Centers will also implement copilot templates for store associates. New features in Dynamics 365 Customer Insights and Retail Media Creative Studio will be available for preview in early 2024.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 4:01 pm

AMD

INTC

MSFT

NVDA

TSM

Nvidia continues to lead the AI chip market, unveiling new GPUs at CES, while AMD and Intel focus on AI PCs with dedicated NPUs. Nvidia's high-end chips face U.S. export restrictions to China, but new models are exempt. Intel introduced an AI chip for cars, and both AMD and Intel are preparing to challenge Nvidia's dominance with their upcoming AI accelerators. Nvidia's stock outperformed AMD and Intel last year, and all three companies are positioning themselves in the growing AI market.

Portfolio Pulse from Anusuya Lahiri

January 11, 2024 | 3:54 pm

FMST

TMST

USAU

U.S. Gold Corp. (USAU) provided an update on its CK Gold Project, expecting permit approval and feasibility study completion in H1 2024, with the project being shovel-ready in H2 2024. The company anticipates environmental and economic benefits for Wyoming, and sees unrecognized asset value in Nevada and Idaho, with a positive market outlook for copper and gold. TimkenSteel (TMST) announced a rebranding to Metallus Inc., reflecting its growth commitment and vision for the future in the high-performance metals industry. Foremost Lithium (FMST) received a multi-year work permit for its Jean Lake Lithium/Gold Project, allowing for streamlined exploration and a 15-hole drilling program, aiming to advance resource development and enhance shareholder value.

Portfolio Pulse from Austin DeNoce

January 11, 2024 | 3:54 pm