Streetbeat News

Partnerships

CMG

Chipotle Mexican Grill (NYSE:CMG) has announced investments in Greenfield Robotics and Nitricity through its $50M Cultivate Next venture fund. Greenfield Robotics focuses on regenerative farming using AI and robotics, while Nitricity creates climate-smart fertilizer with reduced greenhouse gas emissions. These investments align with Chipotle's mission to promote sustainable food practices and may benefit its supply chain by potentially reducing costs and environmental impact.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:05 pm

CRLBF

TLLTF

VRNOF

The National Cannabis Roundtable released its inaugural CSR report, showcasing efforts by member companies in criminal justice reform, equity, workforce utilization, and health disparities. The report, titled 'Better Tomorrow Than Today', highlights initiatives like Capitol Hill symposiums, community support, and partnerships aimed at addressing challenges in the U.S. cannabis market. Companies like Cresco Labs, Fluence, Greenspoon Marder, iLava, Pura Vida Investments, TILT Holdings, and Verano have contributed through various programs supporting social justice, women leadership, legal aid, homelessness, and the establishment of tribally-owned dispensaries.

Portfolio Pulse from Nina Zdinjak

December 13, 2023 | 1:02 pm

JNJ

PTGX

Protagonist Therapeutics received a $10M milestone payment from Johnson & Johnson after the third patient was dosed in the Phase 2b ANTHEM-UC trial of JNJ-2113 for moderate to severe active ulcerative colitis.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:42 pm

VSTO

Vista Outdoor and Sport Dimension have announced the renewal of their brand license for Jimmy Styks LLC with a global, multi-year partnership. This partnership is expected to strengthen the brand's market presence and expand its product offerings.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:34 pm

AFRM

GOOG

GOOGL

Affirm has announced a partnership with Google Pay to provide flexible payment options for online checkout in the U.S. This service will be available to Android users on select merchant apps and websites that offer Google Pay at checkout starting in Q1 of 2024.

Portfolio Pulse from Charles Gross

December 13, 2023 | 12:21 pm

AUVI

Applied UV, Inc. (AUVI) has announced a collaboration with Silver Cross Hospital to implement Far-UVC Puro Protect 222nm fixtures in the hospital's Sterile Processing Department. This move positions Silver Cross Hospital as a leader in using advanced technology for safety.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:20 pm

AMZN

TikTok, owned by ByteDance Ltd, is challenging Amazon's retail dominance by becoming an e-commerce hub. TikTok's strategy involves subsidizing shipping and discounts while paying full price to sellers like Scott McIntosh, whose product gained 50 million views and record sales. TikTok Shop launched in the U.S. in September, aiming to blend shopping convenience with interactive discovery. Despite longer delivery times and users often purchasing viewed products on Amazon, TikTok's e-commerce is growing, hiring ex-Amazon employees and partnering with brands. Amazon is responding by engaging influencers for its platform.

Portfolio Pulse from Anusuya Lahiri

December 13, 2023 | 12:20 pm

AAPL

ASML

SSNLF

TSM

ASML Holding and Samsung Electronics Co have announced a joint investment of 1 trillion South Korean won ($760 million) in a new semiconductor facility in South Korea. This move is part of a broader 'semiconductor alliance' between South Korea and the Netherlands, coinciding with South Korean President Yoon Suk-yeol's visit to the Netherlands. ASML, the only producer of EUV lithography machines used in advanced chip manufacturing, will also collaborate with SK Hynix on hydrogen gas recycling technology. The alliance aims to strengthen the global semiconductor supply chain amid geopolitical risks.

Portfolio Pulse from Anusuya Lahiri

December 13, 2023 | 12:17 pm

PLTR

Palantir Technologies has renewed its partnership with UniCredit for an additional five years, continuing the collaboration between the two companies.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 12:01 pm

TSLA

BWH Hotels has partnered with Tesla (NASDAQ:TSLA) to install EV charging stations at select properties in North America starting in 2024. The initiative, part of BWH Hotels' Earth, People, and Community effort, aims to enhance guest experiences and promote sustainability. The collaboration will use Tesla’s Universal Wall Connectors, which are compatible with all North American vehicle models. This move aligns with the hospitality industry's shift towards accommodating the growing EV market, as seen with other companies like EG Group and Ford Motor Co (NYSE:F) expanding their EV charging infrastructure.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 11:50 am