Streetbeat News

Partnerships

ALDX

CGEN

IFBD

Compugen announced it will receive a $10M milestone payment as its drug enters a Phase 3 trial with AstraZeneca for biliary tract cancer, causing CGEN stock to surge 240%. Infobird reported a new business cooperation in software development for IT systems, leading to a 152% increase in IFBD shares. Aldeyra Therapeutics revealed positive Phase 2 trial results for ADX-629 in treating atopic dermatitis, resulting in a 42% rise in ALDX stock.

Portfolio Pulse from ryanfaloona@benzinga.com

December 19, 2023 | 1:33 pm

MGM

BetMGM and the NHL have extended their North American partnership, although specific details of the agreement have not been disclosed. This continuation suggests a strengthening of the relationship between the two entities, which could have positive implications for BetMGM's market presence and brand association with the NHL.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:32 pm

BA

Boeing Co (NYSE:BA) stock is trading higher after Lufthansa Group placed an order for up to 100 737 MAX jets, including a firm order for 40 737-8 planes and options for up to 60 more. This marks the return of the Boeing 737 family to Lufthansa's fleet and is expected to help the airline meet its sustainability targets with improved fuel efficiency and reduced emissions. Boeing shares were up 0.86% at $262.56 following the announcement.

Portfolio Pulse from Adam Eckert

December 19, 2023 | 1:24 pm

APLD

Applied Digital Corporation (NASDAQ:APLD) has entered into a long-term Retail Electric Service Agreement with TerraForm Power for a 200-MW datacenter in Garden City, Texas. The datacenter will interconnect with TerraForm's Wind Farm, facilitating low-cost power and alleviating transmission congestion. This partnership highlights Applied Digital's industry-leading digital infrastructure platform and TerraForm Power's commitment to providing energy solutions.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:18 pm

JYD

Jayud Global Logistics Limited (NASDAQ:JYD) has announced a new air charter service agreement with JD Airlines to establish a route from Shenzhen to Clark, Philippines. The service will start on December 16, 2023, with over 100 round trips planned within a year, aiming to boost cargo capacity and trade relations between China and the Philippines. This expansion of Jayud's air freight capabilities is expected to enhance global trade connectivity.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:13 pm

ORCL

North Memorial Health has chosen Oracle Fusion Cloud Applications Suite to consolidate and streamline its finance, supply chain, and HR processes. This move aims to improve operational efficiency, reduce costs, and enhance the employee and patient experience by replacing 14 different business systems with Oracle's integrated cloud suite. The implementation includes Oracle Fusion Cloud ERP, EPM, SCM, and HCM, which will provide continuous innovation with quarterly updates.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:11 pm

HYLN

Hyliion Holdings has entered into a non-binding letter of intent with GTL Leasing for the deployment of KARNO generators, aiming to introduce KARNO technology as a mobile EV charging solution in California. GTL has committed to an initial two generators, with deliveries starting in late 2024. If successful, GTL plans to increase the adoption of KARNO units for their portable EV charging business expansion.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:11 pm

ZKIN

ZK International Group Co., Ltd. (NASDAQ:ZKIN) has won an $8 million bid to supply gas piping infrastructure to Chongqing Gas Group, enhancing its position in the Western China gas market. This bid is part of a larger initiative by China's Ministry of Ecology and Environment to replace coal with clean energy, increasing demand for natural gas infrastructure. Chongqing Gas Group is a division of China Resources Gas Group Limited, listed on the Shanghai Stock Exchange under stock code 600917.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:10 pm

BFLY

Butterfly Network, Inc. (BFLY) has entered into a commercial agreement with Mendaera to integrate Butterfly's Ultrasound-on-Chip technology into Mendaera's next-generation robotic system for interventional procedures. The partnership is expected to generate revenue for Butterfly from each unit sold post-commercialization. The product, which aims to improve precision in image-guided interventions, is anticipated to be submitted to the FDA by 2025. This follows Mendaera's $24 million Series A funding round and the completion of their research and design process.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:07 pm

CLMB

Climb Channel Solutions, a subsidiary of Climb Global Solutions, Inc. (NASDAQ:CLMB), has announced a partnership with DNSFilter to distribute their DNS security solutions in North America. This partnership aims to mitigate cyber-attack risks by providing resellers and MSPs with tools to protect networks and sensitive data. DNSFilter, which serves 26 million users monthly, uses machine learning to identify online threats. Climb Channel Solutions will be the sole distributor, enhancing their North American offerings with emerging and disruptive technologies.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:03 pm