Streetbeat News

Partnerships

SKWD

Skyward Specialty Insurance has adopted Milliman Datalytics-Defense as its platform for processing defense cost invoices. The platform uses data mining algorithms to analyze attorney billing practices, providing insights into costs and defense strategies. It offers real-time intelligence, responsive reporting dashboards, and a predictive attorney scoring model to help insurers manage legal defense spending more effectively.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:26 pm

HNST

MAMA

TPB

UVV

Four consumer staples stocks with high RSI values, indicating potential overbought conditions, are The Honest Company, Inc. (HNST), Turning Point Brands, Inc. (TPB), Universal Corporation (UVV), and Mama's Creations, Inc. (MAMA). HNST expanded its partnership with Tinuiti, TPB reported a decrease in sales, UVV showed an increase in adjusted EPS, and MAMA priced a public offering. All stocks experienced price movements on Tuesday, with HNST and TPB closing lower, while UVV and MAMA closed nearly flat.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 1:13 pm

RSI

Delaware Lottery has launched its first online sportsbooks and relaunched its three online casinos, all powered by Rush Street Interactive (RSI). Delaware residents aged 21 and over can now place bets on various devices including mobile phones, tablets, desktops, and laptops.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:09 pm

MXCT

MaxCyte, Inc. (MXCT) has entered into a partnership with Lion TCR to support the global expansion of Lion TCR's TCR-T cell therapy pipeline. This collaboration aims to enhance the development and commercialization of TCR-T cell therapies for infectious diseases and cancers.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:09 pm

WKSP

Worksport has announced a strategic partnership with NeuronicWorks for the manufacturing and assembly of the COR Battery System, which is gearing up for its Alpha release. NeuronicWorks will supply circuit boards and perfect the construction of the full unit.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:04 pm

JNJ

Elektrofi has entered into an exclusive agreement with Janssen Biotech, a subsidiary of Johnson & Johnson, to develop up to five programs using Elektrofi's formulation technology. Elektrofi will receive an upfront payment of $18M and could earn over $155M in future milestones for each target. This partnership could lead to the development of up to 12 unique products with Elektrofi's partners.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:55 pm

VRCA

WBA

Verrica Pharmaceuticals has entered into a specialty pharmacy partnership with Walgreens for the distribution of YCANTH. This agreement could potentially enhance the accessibility and distribution of YCANTH, which may positively impact Verrica Pharmaceuticals' market reach and sales.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:38 pm

NCNO

Camden National Bank has implemented advanced mortgage origination and closing solutions provided by nCino, aiming to enhance the mortgage process for its customers. This adoption could streamline operations and improve customer experience, potentially leading to increased efficiency and customer satisfaction for Camden National Bank.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:31 pm

HROW

Harrow Health, Inc. has partnered with three healthcare technology platforms to expand the availability of VEVYE, its ophthalmic solution, in the United States. This strategic move aims to enhance patient access to VEVYE through innovative distribution channels.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:15 pm

AEVA

Aeva, a company specializing in LiDAR technology, has been chosen by an unnamed global automotive OEM to supply its LiDAR sensors for a series production program. This partnership marks a significant milestone for Aeva, as it secures a direct supply deal with a major car manufacturer, potentially boosting its market presence and credibility in the automotive industry.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:11 pm