Streetbeat News

Partnerships

XELB

Xcel Brands, Inc. (NASDAQ:XELB) has entered into a licensing agreement with ALPHA OES to manage the day-to-day operations of its Longaberger eCommerce business. Xcel, which acquired Longaberger in 2019, aims to grow the brand through ALPHA OES's expertise in profitable eCommerce growth. Xcel will focus on expanding its social commerce and live-stream shopping technology, transitioning Longaberger stylists to its platform by year-end.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:37 pm

ATER

WMT

Squatty Potty, a company specializing in bathroom products, has announced that its products will be re-launched in Walmart stores across the United States. This move signifies a renewed retail partnership between Squatty Potty and Walmart, which could potentially increase the visibility and sales of Squatty Potty products due to Walmart's extensive customer base.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:34 pm

RPRX

TEVA

Teva Pharmaceutical Industries Ltd. and Royalty Pharma have announced a collaboration to accelerate the development of Olanzapine LAI, a long-acting injectable for schizophrenia treatment. Royalty Pharma will provide up to $125 million in R&D funding support for the program.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:12 pm

COHN

Cohen & Company, a top U.S. tax and accounting firm, is expanding into Western New York by acquiring Szymkowiak & Associates CPAs and PEAR Consultants. The transaction, which will bring in approximately 25 additional team members and maintain current local leadership, is expected to close in December 2023. This move aligns with Cohen & Company's strategic growth plan and follows a previous expansion to Philadelphia earlier in the year.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:09 pm

COST

LQR House has partnered with Cabal Tequila for a marketing and awareness campaign, which could lead to COSTCO shelf placement in California through their partnership with Alpha Distro.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:38 pm

WBX

Wallbox (WBX) has expanded its partnership with Sonepar to advance the energy transition, providing installers with access to advanced, user-friendly, and efficient charging solutions.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:54 am

IGT

International Game Technology (IGT) has announced that its IGT PlayDigital division will be expanding its content in Italy through a partnership with Microgame, a prominent provider of online gaming services in the Italian iGaming market. This collaboration aims to enhance IGT's presence and offerings in the Italian digital gaming space.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:50 am

TTI

XOM

Exxon Mobil Corp (XOM) plans to start lithium production in Arkansas by 2026, aiming to produce at least 10,000 metric tons annually in partnership with Tetra Technologies Inc (TTI). This move into the electric vehicle (EV) battery metal sector involves filtering lithium from brine deposits. XOM has also secured over 6,100 lithium-rich acres in Arkansas with TTI and plans additional production from another 100,000 acres by 2027. XOM's Q3 FY23 adjusted net profit was $9.12 billion, down from the previous year. XOM shares saw a slight premarket increase.

Portfolio Pulse from Lekha Gupta

November 13, 2023 | 11:41 am

CROX

MCD

McDonald's and Crocs have announced a collaboration to launch a line of shoes, socks, and Jibbitz charms. The collection, inspired by fans of both brands, will be available from November 14 in over 30 countries globally.

Portfolio Pulse from Charles Gross

November 13, 2023 | 11:41 am

AL

BA

Air Lease Corporation (ALC) has placed 18 new Boeing 737-8 aircraft on lease with EGYPTAIR, with deliveries scheduled from 2025 to 2026. This marks the first transaction between ALC and the Egyptian flag carrier, as well as the first time EGYPTAIR will add the 737-8 model to its fleet. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:35 am