Streetbeat News

Partnerships

TER

Teradyne, Inc. (NASDAQ:TER) and Technoprobe S.p.A. have announced a strategic partnership, with Teradyne acquiring a 10% stake in Technoprobe and Technoprobe acquiring Teradyne's Device Interface Solutions business for $85 million. The partnership aims to accelerate growth and offer higher performance semiconductor test interfaces. The companies will also engage in joint development projects. The transactions are expected to close in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:25 am

NXST

Nexstar Media Group, Inc. (NASDAQ:NXST) and Cox Communications have reached a comprehensive, multi-year distribution agreement. The agreement covers 38 Nexstar-owned television stations in 23 markets, national cable news network NewsNation, and digital networks Antenna TV and Rewind TV. The specific terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:51 pm

BLK

OXY

Occidental (OXY) and BlackRock (BLK) have formed a joint venture to develop STRATOS, the world's largest Direct Air Capture (DAC) facility, in Texas. BlackRock will invest $550 million on behalf of clients in the project. The facility, which is 30% complete, is designed to capture up to 500,000 tonnes of CO2 per year and is expected to be operational in mid-2025. 1PointFive, a subsidiary of Occidental, has signed CO2 removal credit purchase agreements with customers including Amazon, Airbus, All Nippon Airways, TD Bank Group, the Houston Astros, and the Houston Texans.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:39 pm

OGN

Samsung Bioepis and Organon & Co. (NYSE:OGN) have announced that the FDA has accepted for review the Supplemental Biologics License Application (sBLA) for the interchangeability designation for HADLIMA, a biosimilar to Humira. The sBLA was submitted based on clinical data from a Phase 4 study assessing the pharmacokinetic similarity between two treatment groups. The acceptance of the filing reinforces the commitment of both companies to provide better access to biologic medicines for patients in the United States.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:38 pm

NXST

WWE

The CW Network has signed a five-year deal to become the exclusive broadcast home for WWE NXT starting October 2024. This marks the first time WWE NXT will air on a broadcast television network. The deal includes 52 live weekly events throughout the year. The CW Network is expanding its sports portfolio, which also includes ACC football and basketball games, LIV Golf, and the NASCAR Xfinity Series from 2025.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:24 pm

DOX

Summit Broadband has chosen Amdocs (NASDAQ:DOX) as their strategic collaborator for a multi-year initiative aimed at transforming their business and operations ecosystem. The collaboration will improve Summit Broadband's operational efficiencies, customer experiences, and sales growth opportunities. Amdocs' intelligent and digital solutions will help Summit Broadband align their capabilities with the evolving needs of businesses.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:14 pm

DOX

LGF/A

LGF/B

Amdocs' subsidiary, Vubiquity, has been selected by Lionsgate to move its content library of over 18,000 film and TV titles to a cloud-based platform. The AI-based automated system will streamline content accessibility across various platforms, enhance searchability, and enable targeted content distribution globally. The system will also integrate with Lionsgate's current vendors and newly established cloud library to facilitate efficient ingestion of source files.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:13 pm

AMZN

DOX

Amdocs (NASDAQ:DOX) has announced a collaboration with Integrated Private Wireless on Amazon Web Services (AWS). This positions Amdocs as a key player in the Integrated Private Wireless on AWS program, enabling advancements in private network innovation. AWS customers can now access Amdocs Mobile Private Network (MPN) services via the AWS Marketplace. The collaboration will also empower the AWS sales force with Amdocs MPN expertise. One of the first customer applications from this collaboration is with Smartlite, a company that provides next-generation experiences on 5G networks.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:13 pm

DOX

VodafoneZiggo has extended its multi-year managed services agreement with Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies. Under the agreement, Amdocs will take responsibility for VodafoneZiggo's business systems operations, aiming to improve customer experience and streamline operations.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:12 pm

BKTI

BK Technologies Corporation (NYSE:BKTI) has received a $315,000 purchase order from the U.S. Department of Defense for its BKR 9000 multiband radio. The order is part of the DoD's efforts to expand its existing fleet of radios. The BKR 9000 was selected after a competitive bid process due to its interoperability with existing P25 trunking infrastructure and its LTE-capable portable radio feature.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:12 pm