Streetbeat News

Partnerships

RIO

Rio Tinto has partnered with Aymium to develop and trial a renewable biocarbon product aimed at reducing emissions in industrial processes. The product has been successfully tested at Rio Tinto's Sorel-Tracy complex. Rio Tinto has made a further equity investment in Aymium, following an initial investment in 2022, to support its 2030 emission reduction targets. The partnership will explore large-scale production options for the biocarbon product. Both companies are committed to decarbonizing operations and supply chains, with Aymium focusing on transitioning away from fossil fuels.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:02 pm

PLTR

The UK's National Health Service (NHS) has awarded Palantir Technologies a contract to manage patient data. The contract involves an investment of up to £330 million in the Federated Data Platform and associated services over a period of seven years, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:41 pm

GEHC

GE Healthcare has introduced a new version of Digital Expert Access, which is the first FDA 510(k)-cleared device that allows for remote patient scanning. Additionally, GE Healthcare has entered into an exclusive distribution agreement with IONIC Health to enhance its portfolio with multi-vendor, multi-modality remote scanning capabilities.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:31 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) is experiencing increased deployments of its BolaWrap 150 Remote Restraint device, which is being recognized for its non-lethal approach to law enforcement situations, including mental health crises. The device's adoption is part of a shift towards de-escalation and empathy in policing, with positive feedback from law enforcement agencies like the Hawthorne Police Department.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:24 pm

SEED

Origin Agritech Ltd. (NASDAQ:SEED) provided a business update for FY23, expecting revenue of $12M-$13M, a 60%-70% increase from FY22. Net income is projected at $16M-$17M, including a one-time $19M gain from a building sale. Operating profit is anticipated to be around $2M. The company highlighted advancements in agricultural biotechnology, including a triple-stack trait corn and a novel gene editing method. They also discussed the potential approval of GMO corn hybrids in 2024, advancements in nitrogen-efficient corn, and expansion plans for nutrition-enhanced corn (NEC). The company is in discussions with Muyuan Foods for potential collaborations and expects to expand NEC corn planting. Origin Agritech's CEO expressed confidence in the company's future and dissatisfaction with the current stock price, indicating it undervalues the company's potential.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:19 pm

MSFT

TSM

Industry sources report that TSMC is providing not only the 5nm fabrication process but also backend CoWoS packaging for Microsoft's newly released Azure Maia 100 AI Accelerator.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:17 pm

XPOF

Xponential Fitness, Inc. (XPOF) has reached a significant milestone by opening its 3,000th studio, CycleBar Loveland, in Colorado. CEO Anthony Geisler thanked franchisees and employees for their contributions to this achievement. Xponential Fitness has a presence in 23 countries and plans for continued growth. The owners of CycleBar Loveland, Sydnie and Zack Whitmer, expressed gratitude for Xponential's support and commitment to providing exceptional fitness experiences.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:10 pm

SPR

Skyrora and Spirit AeroSystems have announced a collaboration to enhance the UK's orbital launch capabilities. Skyrora aims to be the first UK company to launch satellites from UK soil, with up to 16 launches per year planned. The partnership will leverage Spirit's manufacturing and testing facilities in the UK to transition Skyrora's vehicles from development to full-scale production. The collaboration aligns with the UK Government's National Space Strategy to become Europe's leading provider of small satellite launch by 2030. The partnership also includes research in space technologies, such as additive manufacturing, with Skyrora providing access to its Skyprint 2 3D printer.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:08 pm

NVDA

WIT

Wipro has partnered with NVIDIA to leverage generative AI for healthcare insurance companies, utilizing NVIDIA's AI Enterprise software. This collaboration combines the strengths of both companies in AI and large language models to innovate in the healthcare insurance sector.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:08 pm

SGN

Signing Day Sports, Inc. (SGN) is focusing on growth and partnerships, leveraging its app for high school athlete recruitment. The app supports multiple sports and aims to adapt to more, funded by its IPO proceeds. The company plans to use digital marketing to raise student-athlete awareness and increase user revenue. Amidst a stock price decline since trading on the NYSE American exchange, SGN suspects illegal short selling and has initiated an investigation. The company maintains strong support from legacy stockholders and is committed to advancing student-athlete education and opportunities.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:08 pm