Streetbeat News

Partnerships

EE

Excelerate Energy and Petrobangla have signed a long-term LNG sale and purchase agreement. Under the agreement, Petrobangla will purchase 0.85 to 1.0 million tonnes per annum (MTPA) of LNG from Excelerate for a term of 15 years starting from January 2026.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:01 am

AMBA

F

Canopy, a smart vehicle security startup backed by ADT and Ford, has chosen Ambarella's CV25 AI computer vision system-on-chip (SoC) for its flagship Canopy Pickup Cam system. The system provides real-time monitoring and threat detection for truck beds and is compatible with most pickup trucks. It began shipping to customers on October 30th.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:04 am

HTOO

Fusion Fuel (NASDAQ:HTOO) has secured a sales contract with a Portuguese energy company for a 1.25 MW HEVO-Chain Series NC electrolyzer. The system will use Fusion Fuel's HEVO™ technology to deliver green hydrogen solutions. The project, funded by the European Commission, aims to produce, store, and distribute green hydrogen for the transport sector in northern Portugal and is expected to be operational by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:01 am

NTDOY

Nintendo Co., Ltd. (OTC:NTDOY) has announced a partnership with Sony Pictures Entertainment Inc. to produce a live-action film adaptation of the video game “The Legend of Zelda”. The project will be led by game designer Shigeru Miyamoto of Nintendo and producer Avi Arad of Arad Productions Inc. Nintendo will cover over half of the production costs, while Sony Pictures will co-finance and handle global theatrical distribution. This move is part of Nintendo's strategy to expand its audience beyond traditional gaming platforms.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 7:35 am

AMZN

RIVN

Rivian Automotive Inc (RIVN) has announced that its electric delivery vans will now be available for businesses other than Amazon.com Inc (AMZN). The amendment to the Amazon agreement allows Rivian to sell commercial vans to other customers. Amazon, which ordered 100,000 EDVs from Rivian in 2019, currently has over 10,000 Rivian-made vans on the road. However, Rivian expects Amazon to take fewer deliveries in Q4 due to the holiday period. Rivian is also in active discussions with other potential fleet customers.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 5:25 am

INTC

LMT

MSFT

NVDA

Lockheed Martin's CEO, Jim Taiclet, has emphasized the need for the U.S. to increase its investments in digital defense technologies. He suggested that partnerships with tech giants like Nvidia, Microsoft, and Intel are crucial for integrating digital advancements into the military and national defense systems. Lockheed Martin's shares climbed in October after a strong quarter and increased global demand for military equipment. The company is also positioned to double the production of its F35 aircraft and increase production of munitions by about 60% with sufficient investment.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 3:01 am

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