Streetbeat News

Partnerships

GSAT

Globalstar shares rise as the company amends its services agreement with Apple to launch an extended MSS network with new satellites and infrastructure.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:40 pm

AAPL

GSAT

Globalstar has amended its services agreement with Apple to launch an extended MSS network, involving new satellites and infrastructure. Apple will provide a $1.1 billion infrastructure prepayment and purchase a 20% stake in Globalstar for $400 million. The agreement includes equity repurchase provisions, performance-based service fees, and revised debt repayment terms.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:37 pm

FXI

SPY

China's Commerce Ministry has revised measures to allow foreign individuals to make strategic investments in listed companies. This move could impact foreign investment in Chinese markets.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:09 pm

ADTN

Adtran has partnered with Sonic Fiber Internet to launch 50G PON connectivity across California. This new technology will coexist with GPON and XGS-PON, facilitating seamless network upgrades and addressing increasing bandwidth demands.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:03 pm

PURE

PURE Bioscience has entered into a multi-year distribution agreement with QuipLabs for its SDC products. The terms of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:03 pm

DIS

PENN

ESPN and PENN Entertainment have launched a new feature allowing users to link their ESPN BET accounts with ESPN platforms. This integration enables fans to track live, upcoming, and settled bets directly on ESPN. Additionally, personalized bets and promotions are expected to be introduced soon.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:02 pm

FGL

Founder Group shares are trading higher following the announcement that its subsidiary secured a $3.3 million solar EPCC photovoltaic contract.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:38 pm

CAN

CLSK

Canaan will supply CleanSpark with 3,800 Avalon A1566I immersion cooling miners. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:17 pm

CYN

Cyngn has completed the initial deployment of its DriveMod Tugger with a major defense contractor, marking a significant milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:07 am