Streetbeat News

Partnerships

AMZN

Games Workshop has entered into a partnership with Amazon (NASDAQ:AMZN) to create films and TV series based on its Warhammer 40,000 universe. The deal, which also includes potential rights for the Warhammer Fantasy universe, is seen as a 'game changer' by analysts from Peel Hunt. Despite the deal's significance, Games Workshop's full-year forecasts are unchanged, suggesting a modest upfront payment from Amazon. The collaboration aims to expand the Warhammer audience and will involve setting creative guidelines over the next 12 months. Amazon's investment in media production is increasing, with plans to spend over $1 billion annually on movies for theatrical release following the MGM acquisition.

Portfolio Pulse from Anusuya Lahiri

December 18, 2023 | 6:26 pm

BNTX

BioNTech SE (NASDAQ:BNTX) has inaugurated its mRNA vaccine manufacturing site in Kigali, Rwanda, marking a significant step in establishing a resilient vaccine ecosystem in Africa. The site features BioNTainers, high-tech modular units for mRNA vaccine production. BioNTech plans to start local training in 2024 and initiate test mRNA production in 2025. The facility aims to support clinical development and commercial-scale production of vaccines for diseases like tuberculosis, malaria, HIV, and mpox. The Kigali site is fully funded by BioNTech with a $150 million investment and will employ around 100 people. The company is also exploring additional manufacturing sites in Africa and partnerships for infectious disease research.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 6:17 pm

HTZ

LYFT

TSLA

UBER

President Biden's administration announced new commitments to boost the electric vehicle sector, including guidelines for federal employees to prioritize electric vehicles for official travel. Hertz Global Holdings Inc (HTZ) plans to increase electric vehicle rentals, Lyft Inc (LYFT) offers a 'Green Mode' for eco-friendly rides, and Uber Technologies (UBER) expands its 'Green Curb at Airports' program. Tesla Inc (TSLA) could benefit from the push for electric vehicles and is working to improve charging infrastructure.

Portfolio Pulse from Chris Katje

December 18, 2023 | 5:44 pm

SNES

SenesTech shares have risen following the announcement of a Distribution Agreement with Fruit Tree Limited, which includes an initial order for Evolve Soft Bait in Hong Kong and Macau.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:32 pm

COIN

USDCUSD

XRPUSD

The Fairshake Super PAC, representing the U.S. crypto community, has raised over $78 million to support pro-crypto candidates in the 2024 elections. Contributions came from 20 companies and industry figures, including Andreessen Horowitz, Ark, Coinbase Global Inc. CEO Brian Armstrong, and Blockchain Capital. The PAC aims to gain 1 million supporters to advocate for fair crypto policies, with over 215,000 already onboard. The initiative reflects the interests of 52 million Americans who own digital assets and are dissatisfied with the current financial system.

Portfolio Pulse from Murtuza Merchant

December 18, 2023 | 5:09 pm

GOLF

MODG

NKE

Tiger Woods' ambiguous comments about his relationship with Nike Inc (NYSE:NKE) have sparked rumors of a potential breakup after a 30-year affiliation. Woods has been seen wearing FootJoy shoes, owned by Acushnet Holdings Corp (NYSE:GOLF), instead of Nike's, especially after his 2022 car accident. Nike's golf apparel sales soared after Woods' 1997 Masters victory, and the company's stock has significantly appreciated since Woods' endorsement began in 1996. Nike may be considering exiting several golf sponsorships, with Woods' current deal expiring at the end of the year. Topgolf Callaway Brands (NYSE:MODG) could be among the companies interested in Woods if he parts ways with Nike.

Portfolio Pulse from Chris Katje

December 18, 2023 | 4:44 pm

BALL

Ball Aerospace has been selected by NASA to conduct a Phase A study for the ECCCO mission, aimed at understanding the sun's coronal structure. The mission will use advanced imaging and spectroscopy to observe the middle corona, a largely unexplored region. Ball Aerospace will design and build the spacecraft, while the Smithsonian Astrophysical Observatory (SAO) will design the imager and spectrometers and lead science planning. Ball Aerospace is also conducting a study for the CMEx mission under NASA's SMEX program.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 3:02 pm

FCEL

XOM

FuelCell Energy Inc (NASDAQ:FCEL) stock is trading higher after announcing a pilot plant development with ExxonMobil Corp (NYSE:XOM) affiliate Esso Nederland BV at Rotterdam. The plant will test fuel cell technology to reduce CO2 emissions, with partial funding from the EU and the Netherlands Enterprise Agency. FuelCell Energy's CEO believes this technology is a game-changer for decarbonizing heavy industry.

Portfolio Pulse from Adam Eckert

December 18, 2023 | 2:45 pm

RARE

Andelyn Biosciences has been chosen by Ultragenyx (NASDAQ:RARE) to perform late-stage PPQ manufacturing of UX111, a gene therapy for Sanfilippo Syndrome. UX111 has received multiple designations in the U.S. and EU, and Andelyn has already manufactured GMP supply for patient dosing. The PPQ batches are for future regulatory filings, and the partnership aims to expedite treatment for MPS IIIA patients.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:38 pm

ADN

Advent Technologies has signed a €1.8 million frame contract with Volta Energy to supply methanol-powered fuel cell units. Deliveries are scheduled to start in January 2024 and continue throughout the year to meet the customer's timeline.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:17 pm