Streetbeat News

Partnerships

BCAN

BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) has submitted a plan for developing CRM software with AI for the medical cannabis industry, with a budget of $1.5M and a potential grant of $0.75M from Israel's Innovation Authority. The Israeli Finance Ministry has increased the high-tech sector fund to $100M to support startups during wartime challenges. The high-tech sector is vital to Israel's economy, contributing 18% to the GDP and 50% to foreign exports. The grant decision is pending, and there is no assurance of its full amount being awarded.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:47 pm

AMD

ASML

AVGO

EPHE

INTC

LRCX

NVDA

NXPI

QCOM

RMBS

SPY

TSM

The U.S. has announced a new partnership with the Philippines aimed at exploring opportunities within the semiconductor supply chain, according to a statement cited by Reuters. This move is part of broader efforts to secure the semiconductor supply chain amid global shortages and geopolitical tensions.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:47 pm

AIRG

Airgain, Inc. (NASDAQ:AIRG) has announced a new distribution agreement with Logic Wireless to expand its market reach into Australasia, including Australia, New Zealand, and the Pacific Islands. Logic Wireless, part of CSE Global, specializes in business-critical communication solutions and will now offer Airgain's wireless connectivity products, such as asset trackers, antennas, and 5G devices, to meet the growing demand in these regions. This partnership aligns with Airgain's strategy to increase its global footprint and provides access to key verticals in the region.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:40 pm

GMM

Global Mofy Metaverse Limited (NASDAQ:GMM) has been accredited for iQIYI's Leap Project and is negotiating a two-year partnership agreement to provide visual effect services. The collaboration will involve GMM playing a key role in iQIYI's future film and television projects, leveraging its expertise in visual effects to enhance iQIYI's extensive content lineup. The partnership is expected to expand GMM's market presence and establish a long-lasting relationship with iQIYI.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:37 pm

OTLY

Oatly Group AB (OTLY) has announced a new foodservice distribution partnership with Insomnia Cookies, making its Original and Chocolate Oatmilks available at over 250 Insomnia Cookies locations across the US. This collaboration is expected to expand Oatly's foodservice footprint and offer customers a non-dairy beverage option that complements Insomnia Cookies' offerings.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:35 pm

APLM

Apollomics Inc. announced that its Chinese partner, Avistone Biotechnology, received approval from the NMPA to commercialize vebreltinib for MET exon 14 skipping NSCLC in China. Apollomics is in discussions with the FDA for a New Drug Application in the U.S. based on clinical data from the SPARTA trial and Avistone's KUNPENG trial. NSCLC, which accounts for 85% of lung cancer cases, has limited treatment options for patients with MET exon 14 skipping mutations. Apollomics retains rights to vebreltinib outside China, Hong Kong, and Macau.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:34 pm

GOOG

GOOGL

SPOT

Spotify Technology S.A. (NYSE:SPOT) has expanded its strategic partnership with Alphabet Inc's Google Cloud (NASDAQ:GOOG) (NASDAQ:GOOGL) to enhance its music streaming service. The collaboration will focus on leveraging Google Cloud's AI tools for improving content discovery, personalized recommendations, and ensuring a safe listening experience on Spotify. The partnership builds on the existing relationship since 2016, with Spotify utilizing Google Cloud's data capabilities for campaigns and providing analytics to creators. Despite the news, SPOT shares saw a premarket decline of 1.47% to $171.20.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 1:33 pm

ADN

Advent Technologies received a letter from the Greek State confirming continued support for the Green HiPo Project, with an updated funding plan of EUR 60 million. The Just Transition Fund will provide a grant of EUR 24 million, which is 40% of the total budget, to initiate the project.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:17 pm

Energy Transfer LP (NYSE:ET) has signed a non-binding Heads of Agreement with TotalEnergies for a term crude oil offtake of 4 million barrels per month from the proposed Blue Marlin Offshore Port. The agreement is contingent on finalizing definitive agreements and Energy Transfer's final investment decision. The Blue Marlin project aims to enhance U.S. energy export capabilities and is designed to load one VLCC per day, utilizing existing infrastructure for environmental benefits and faster market delivery, pending government approvals.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:16 pm

MIR

Mirion Technologies (NYSE:MIR) has entered into an agreement with TerraPower to design and fabricate components for the Molten Chloride Reactor Experiment (MCRE), a pioneering nuclear reactor technology. This collaboration is part of the U.S. Department of Energy's Advanced Reactor Demonstration Program and aims to promote sustainable, low-carbon energy solutions. Mirion will supply a Nuclear Instrumentation System for the MCRE, which is a critical safety component for the reactor.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:14 pm