Streetbeat News

Partnerships

FBYD

HSY

Falcon's Beyond Global has entered into an agreement with Hershey to create and develop Hershey-branded location-based entertainment experiences in various markets, including the U.S. and internationally. This deal grants Falcon's Beyond the licensing rights to develop these venues, which will combine retail and entertainment, known as 'retailtainment', featuring Hershey's brand.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:32 pm

NVDA

TSM

TSMC is reportedly expanding its CoWoS packaging capacity despite rumors that Nvidia has reduced its orders with the foundry for 2024, as per industry sources cited by DigiTimes.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:29 pm

NBY

SNOA

NovaBay Pharmaceuticals and Sonoma Pharmaceuticals have reached an agreement to market Avenova-branded products in the European Union. Under the agreement, Sonoma will manufacture the eye product Ocudox and pay NovaBay a royalty fee based on net product sales. The products will be marketed through Sonoma's European distribution network, leveraging NovaBay's Avenova brand and Sonoma's distribution expertise.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:18 pm

TYL

Tyler Technologies, Inc. (NYSE:TYL) has successfully implemented its Enterprise Environmental Health (EEH) solution in the city of Edina, Minnesota. The EEH solution is part of Tyler's Enterprise Permitting & Licensing platform and is designed to streamline the city's Environmental Health licensing, renewals, and inspection processes. The city of Edina, already a Tyler client, has seen early benefits such as improved workflows, better data management, and automated communication with business owners. The integration of EEH will also aid in code enforcement and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:18 pm

RGA

Reinsurance Group of America (RGA) has announced a strategic investment and exclusive global life and health reinsurance partnership with DigitalOwl, a tech company specializing in AI for medical record analysis. This partnership aims to enhance underwriting processes by automating data synthesis for comprehensive digital underwriting decisions. The collaboration is expected to address long-standing inefficiencies in life insurance underwriting.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:16 pm

MSFT

The European Union (EU) is scrutinizing Microsoft Corporation's (NASDAQ:MSFT) investment in OpenAI, which could be subject to EU merger regulations. Microsoft invested over $10 billion in OpenAI, gaining a non-voting board position but no ownership stake. The EU is also examining contracts between digital market players and AI developers to assess market impact. Feedback on competition in virtual worlds and generative AI is being sought until Mar. 11. This follows the UK's CMA considering a merger probe into the partnership in December 2023.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 2:14 pm

AVAV

AeroVironment has successfully integrated Shryke munitions onto their VAPOR 55 MX Unmanned Aircraft System, enabling the drone to target multiple locations in a single flight. The Shryke munitions are lightweight and designed for low-collateral damage, featuring a 40mm anti-armor modular warhead.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:12 pm

NVDA

NVIDIA has partnered with the Loss Prevention Research Council (LPRC) and AI companies to introduce an AI-enabled solution to combat organized retail crime (ORC). The solution provides advance and real-time notifications of suspicious behavior to reduce theft in retail stores. It uses NVIDIA's Metropolis application framework and includes contributions from AiFi, BriefCam, and SureView. The technology will be showcased at NRF: Retail's Big Show in New York.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:11 pm

GT

Goodyear Tire & Rubber Company (GT) and ZF have announced a collaboration to improve vehicle motion control by integrating Goodyear's tire intelligence technology into ZF's advanced mobility solutions. The partnership aims to enhance fleet capabilities by providing critical data on tire wear, load, and other metrics, leading to better performance, efficiency, and safety.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:09 pm

HGTY

Hagerty has launched a new channel on Samsung TV Plus, expanding its media presence and potentially reaching a wider audience through Samsung's free Smart TV video service.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 2:07 pm