Streetbeat News

Partnerships

NOC

Northrop Grumman Corporation (NYSE:NOC) is developing the Deep Space Advanced Radar Capability (DARC), a network of ground-based sensors for tracking objects in geosynchronous orbit. This initiative is part of the AUKUS partnership between the United States, Australia, and the United Kingdom. A recent Memorandum of Understanding was signed by leaders from these countries to host and operate DARC, enhancing space domain awareness and security.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:51 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) has completed a new light-weight service truck body for the All-Electric Mullen THREE, in collaboration with Phenix Truck & Van and Knapheide. The vehicle is designed for Class 3 service body truck fleets used by municipalities and public utilities. The Mullen THREE offers a 125-mile range, a 1.5-hour Level 3 DC charge time, and a payload over 5,800 lbs. It is now on display at CES 2024 and will be featured at upcoming industry expos. The partnership aims to cater to the needs of entities transitioning to electric vehicles, particularly in states with incentives for such a switch.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:39 pm

NIO

Nio (NYSE:NIO) has confirmed strategic partnerships with JAC and Chery to enhance battery swap technology and service networks. The collaboration will focus on battery standards, swap technology, and network construction and operation. Nio's battery swap service is likened to a cloud service and is being opened up to partners. Previous agreements with Changan Automobile and Geely Holding will also contribute to the development of a shared battery swap network and swappable battery standards. Nio recently acquired two factories from JAC in Hefei, Anhui province.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:35 pm

NIO

NIO Inc (NYSE:NIO) shares are rising after reports of new strategic battery swap agreements with Anhui Province Energy Group, Anhui Transportation Holding Group, and others. These agreements aim to build a shared energy storage, charging, and battery swap system, including 1,000 charging and battery swap stations. Nio also plans to start constructing a new shared battery swap network this year, following the unveiling of its fourth-generation battery swap stations at its Nio Day event.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 2:35 pm

VIAV

VIAVI Solutions has been awarded a $21.7 million grant from the U.S. National Telecommunications and Information Administration to fund its Automated Lab-as-a-Service for Open RAN over a three-year period. This grant is expected to support VIAVI's efforts in the development and deployment of Open RAN technologies.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:32 pm

PFE

The FDA is collaborating with French drugmaker Laboratoires Delbert to import 3.5 million units of Extencilline, an unapproved syphilis treatment, due to a shortage of Pfizer's Bicillin. Pfizer has been facing supply issues since mid-last year and is taking measures to address the shortage, including adding manufacturing shifts and reducing production time. The shortage is expected to last until June. Pfizer encourages customers with difficulties obtaining Bicillin to contact them for emergency needs. Syphilis cases in the U.S. have significantly increased from 2017 to 2021.

Portfolio Pulse from Vandana Singh

January 11, 2024 | 2:24 pm

COIN

ETCUSD

HPE

MSTR

RIOT

Ethereum Classic surged 34% following the SEC's approval of Bitcoin ETFs, outperforming BTC and ETH. The global electric vehicle market saw a 31% increase in sales in 2023. Cathie Wood discussed her personal Bitcoin holdings and the SEC's decision. Jim Cramer commented on the potential market reaction to the ETF approval. Crypto-related stocks like Riot Blockchain, Coinbase, and MicroStrategy are trending due to the Bitcoin Spot ETF spotlight. In other news, Trump discussed his potential 2024 running mate, and a study predicted a $1 trillion boost to the US economy from generative AI. Samsung, Apple, Amazon, and HP Enterprise made headlines in tech, while the electric vehicle and consumer sectors also featured notable updates.

Portfolio Pulse from Akanksha Bakshi

January 11, 2024 | 2:17 pm

EDBL

Edible Garden AG Incorporated (NASDAQ:EDBL, EDBLW) announced that its new line of Pulp sustainable gourmet USDA Organic fermented sauces will be available at Target retail locations across the southeast. The launch includes a comprehensive marketing campaign and the distribution network now covers over 5,000 retail locations nationwide. The company expects the collaboration with Target to boost growth and visibility for the Pulp product line and the Edible Garden brand.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:13 pm

DASH

DoorDash has expanded its on-demand delivery services by announcing partnerships with multiple retail partners, including Camping World, Golf Galaxy, JD Sports, and The Vitamin Shoppe. These partnerships will likely enhance DoorDash's market presence and could increase its revenue streams by diversifying its delivery offerings beyond food services.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:13 pm

MA

Mastercard is developing an AI tool called Mastercard Small Business AI to provide personalized, real-time assistance to small business owners. The tool aims to offer mentorship and guidance, addressing the challenges faced by entrepreneurs. It will utilize Generative AI for a conversational experience and draw on diverse content sources, including a global media coalition with Blavity Media Group, Group Black, Newsweek, and TelevisaUnivision. The AI tool will be piloted in the U.S. and is planned to expand internationally. Mastercard's commitment to small businesses is reinforced by this initiative, which complements their suite of business solutions.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:12 pm