Streetbeat News

Partnerships

AMST

Amesite has entered into a five-year partnership with West Virginia Northern Community College (WVNCC) to expand their Workforce Development Program with flexible, online offerings. Amesite's CEO, Dr. Ann Marie Sastry, expressed delight in partnering with WVNCC to engage more effectively with the community through education.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:02 pm

ZS

Zscaler has expanded its portfolio with new AI-powered features in its Zscaler Risk360 and Zscaler Digital Experience Monitoring products. The enhancements include tools for managing SaaS utilization, visualizing office use, cybersecurity maturity assessments with generative AI, integration with third-party data like CrowdStrike, financial risk models with Monte Carlo simulations, and compliance features for SEC reporting. ZDX improvements offer AI-powered root cause analysis, self-service for end-users, proactive performance monitoring, and simplified collaboration between IT teams.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 3:01 pm

BYND

COST

Beyond Meat has announced the launch of a new Beyond Burger, which will be available exclusively at Costco stores. This move is part of the company's efforts to expand its product offerings and distribution channels. The exclusive availability at Costco could attract customers seeking plant-based meat alternatives and may potentially increase foot traffic and sales for Costco while providing Beyond Meat with a larger platform to reach consumers.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:47 pm

GM

GM Defense, a subsidiary of General Motors (GM), and Jankel have signed an MOU to jointly pursue defense and government customer opportunities globally. They will collaborate on GM Defense's mobility solutions like the HD SUV and IAV, with support work in the U.S., UK, Europe, and other locations. The partnership leverages GM's advanced technologies to offer specially designed, armored vehicles that meet customer requirements. Jankel brings expertise in the conversion of vehicles for defense and security customers, having delivered over 2,000 protected platforms worldwide.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:43 pm

NEON

Neonode Inc. (NASDAQ:NEON) is shifting its business strategy to focus entirely on its licensing business, phasing out its Touch Sensor Module (TSM) product business. The company plans to license the TSM technology to strategic partners or outsource it. This decision follows the success in licensing technology, particularly the MultiSensing platform and zForce optical sensing technology. A recent deal with a leading commercial vehicle manufacturer has further validated the company's competitive edge and catalyzed this strategic pivot. Neonode will reallocate resources from the product team to the licensing team and reduce its workforce, mainly affecting consultants and personnel in Sweden.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:24 pm

PTPI

Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) has announced a partnership with Idea Evolver to develop an application using Idea Evolver's proprietary Rx-to-OTC platform, CodeScripts, for the prescription to OTC switch of its erectile dysfunction drug STENDRA® (avanafil). The application aims to facilitate the switch and includes an AI/machine learning component for automated screening, developed in response to FDA feedback. Idea Evolver has experience in Actual Use Trials, including a successful study for Crestor's OTC approval.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:21 pm

SOBR

SOBR Safe, Inc. (NASDAQ:SOBR) has announced a new partnership with Jireh Asphalt & Concrete, a construction industry leader in workplace safety. Jireh is implementing SOBRsafe's SOBRcheck™ technology at its central work yard in Mukilteo, Washington, to enhance safety by ensuring an alcohol-free environment. The technology offers quick, non-invasive alcohol detection, aligning with Jireh's commitment to safety and potentially reducing business insurance costs. The partnership was facilitated by Think Twice, a national distributor recommending SOBRsafe's technology.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:20 pm

NVVE

Nuvve Holding Corp. (NASDAQ:NVVE), in partnership with Toyota Tsusho and Chubu Electric Power Miraiz, is expanding its V2G capabilities in Japan by integrating stationary lithium-ion batteries produced by Nissin Electric Company. These batteries, totaling 30MWh in the Chubu area, will provide additional capacity and stabilizing services to the grid. The integration with Nuvve's GIVe platform allows for complex grid services and demand response, supporting Japan's 2050 carbon neutral goal and green transformation initiatives. Japan's grid expansion plan estimates a cost of $45 to $55 billion by 2050, with the battery market expected to grow significantly. Nuvve's CEO highlights the advanced AI-driven platform's ability to manage EVs and stationary storage batteries, enhancing grid services and Nuvve's growth.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:16 pm

HAS

MAT

Mattel Inc (MAT) and Hasbro Inc (HAS) stocks are trading lower, with Mattel's decline seemingly influenced by Hasbro's announcement of headcount reductions. Hasbro is implementing cost-saving measures, including eliminating 900 positions over the next 18-24 months, expecting $40 million in severance expenses and aiming for $100 million in annual cost savings. Both companies, which are major toymakers, formed a partnership earlier this year for co-branded toys and games.

Portfolio Pulse from Adam Eckert

December 12, 2023 | 2:12 pm

CCCC

MRK

C4 Therapeutics Inc (CCCC) has signed an exclusive license and collaboration agreement with Merck & Co Inc (MRK) to develop degrader-antibody conjugates (DACs) for cancer treatment. C4 Therapeutics will receive a $10 million upfront payment and is eligible for up to $600 million in milestone payments, plus royalties for an initial oncology target. The agreement also allows for potential expansion to three additional targets, which could bring the total potential payments to approximately $2.5 billion. C4 Therapeutics' stock soared by 55.1% in premarket trading, while Merck's stock saw a slight decrease of 0.13%.

Portfolio Pulse from Vandana Singh

December 12, 2023 | 2:10 pm