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Partnerships

AMZN

GOOGL

META

Saudi Arabia's Public Investment Fund (PIF) has become the top global sovereign wealth fund spender in 2023, with $31.6 billion in deals, outspending Singapore's GIC. PIF's investments are part of Vision 2030, aiming to diversify the Saudi economy beyond oil. The fund has stakes in tech giants like Amazon, Alphabet, and Meta, and has expanded into foreign investments and sports ventures, raising security concerns in the U.S. Senate.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 2:18 pm

DIS

TMUS

T-Mobile has announced that starting January 24, Hulu will be included in its Go5G Next plan, adding to the suite of streaming services offered to customers. This inclusion represents an annual value of $400 in streaming benefits on T-Mobile's premier plan.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 2:13 pm

INTA

Intapp, Inc. (INTA) announced that AlixPartners, a global consulting firm, has chosen DealCloud, Intapp's deal and pipeline management solution, to manage its deal processes. This selection by AlixPartners is expected to enhance the firm's ability to manage and execute deals efficiently.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 2:06 pm

BLMN

DRI

Bloomin' Brands, Inc (BLMN) has reached a cooperation agreement with Starboard Value LP, which holds about 9.7% of BLMN's common stock. As part of the agreement, BLMN appointed two new directors: Dave George, former COO of Darden Restaurants Inc (DRI), and Jon Sagal, Partner at Starboard. Additionally, BLMN formed an operating committee to identify opportunities for improvement. BLMN shares dropped 2.98% to close at $27.31.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 2:02 pm

BNGO

Bionano Laboratories has announced the publication of a framework paper for the clinical adoption of Optical Genome Mapping (OGM) for hematological malignancy applications. The paper, co-authored by an international consortium of 18 cancer researchers, provides recommendations for laboratories on assay development, clinical validation, and more. Bionano's OGM-Dx™ HemeOne is an LDT developed based on this framework.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:51 pm

DBRG

INTC

Intel Corp. and DigitalBridge Group, Inc. have announced the formation of Articul8 AI, Inc., a company providing a secure generative AI software platform for enterprises. Articul8, created with Intel's IP and technology, offers a full-stack GenAI platform with deployment options including cloud, on-prem, or hybrid. Intel and DigitalBridge, along with other investors, have taken equity stakes in Articul8. The platform is optimized on Intel hardware and has been deployed at Boston Consulting Group and other enterprise customers.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:47 pm

AREC

Novusterra, an affiliate of American Resources Corporation (AREC), has announced receiving a $6.5 million investment from the US Air Force to fund its technology. This investment is aimed at advancing Novusterra's proprietary technology, which could be significant for AREC's growth and expansion in the market.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:44 pm

SGBX

SGD

Safe & Green Holdings Corp. (SGBX) CEO Paul Galvin provided a shareholder letter highlighting 2023 achievements and 2024 outlook. Key 2023 milestones include the spin-off of Safe and Green Development Corporation (SGD), a Master Purchase Agreement with SGD, and significant growth in the manufacturing sales pipeline. The company also partnered with various organizations for modular construction projects and launched the CORNERSTONE Charitable Foundation. Cost reductions and facility expansions are expected to improve cash flow and scalability of operations in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:43 pm

SASI

Bill Kerby, CEO of NextTrip, has been appointed as the CEO of Sigma Additive Solutions, succeeding Jacob Brunsberg. Sigma Additive Solutions' shareholders approved the acquisition of NextTrip Holdings, Inc. on December 28, 2023. NextTrip is known for its proprietary technology and strategic partnerships in the travel sector.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:42 pm

SIDU

Sidus Space (NASDAQ:SIDU) received a Tier 1 remote sensing license from NOAA, allowing it to provide PAN and SWIR imaging services with its upcoming LizzieSat satellites. The first LizzieSat is scheduled to launch in March 2024 on SpaceX's Transporter-10 mission and will operate for four years, offering near real-time data for various applications including marine traffic trends and methane emissions.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:33 pm