Streetbeat News

Partnerships

AMTX

Aemetis, Inc. (NASDAQ:AMTX) has been selected by India's three government-controlled oil marketing companies (OMCs) to supply an estimated $150 million of biodiesel under cost-plus purchase contracts for approximately 40 million gallons of biodiesel during the one year period starting October 2023. This comes as part of India's National Policy on Biofuels which targets a 5% minimum blend on direct sale of biodiesel by 2030. Aemetis plans to continue to expand capacity to meet growing demand under the OMC cost-plus contract structure.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:12 pm

GSK

ME

23andMe (NASDAQ:ME) has extended its collaboration with GSK (NYSE:GSK) through a new, non-exclusive data license. The agreement allows GSK to use the 23andMe database for drug target discovery and other research. 23andMe will receive a $20 million upfront payment for a one-year license, which includes access to certain services such as further analyses of the 23andMe data. Any new drug discovery programs initiated by GSK during the agreement will be owned solely by GSK, but 23andMe may be eligible for downstream royalties.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:11 pm

AEE

Ameren Corporation's subsidiary, in partnership with the Missouri Electric Commission, has been selected by the Midcontinent Independent System Operator (MISO) to lead an $84 million transmission project in northwest Missouri. The project, expected to be in service by 2030, will enhance grid resiliency and energy reliability. The 42-mile transmission line is part of a $10 billion portfolio of projects included in Tranche 1 of MISO's Long Range Transmission Plan.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:09 pm

BMY

KPTI

Karyopharm Therapeutics has announced a clinical trial collaboration and supply agreement with Bristol-Myers Squibb. The agreement is for the combination of Mezigdomide with Selinexor and Dexamethasone for the treatment of relapsed/refractory multiple myeloma.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:05 pm

ABNB

CME

MKC

MRNA

Insiders at McCormick & Company, CME Group, Moderna, and Airbnb have recently sold shares. McCormick reported downbeat Q3 sales results, while CME Group reported better-than-expected earnings for the same period. Moderna disclosed a strategic partnership with CEPI, and Airbnb received a Neutral rating from Seaport Global.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:00 pm

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) will start charging users of its Rivian Adventure Network charging sites from November. The company plans to expand its fast charging network to over 3,500 fast chargers at over 600 sites across the U.S. and Canada. Rivian has also signed an agreement with Tesla Inc. to provide its drivers access to Tesla superchargers across U.S. and Canada starting in 2024.

Portfolio Pulse from Anan Ashraf

October 30, 2023 | 11:46 am

MGTX

SNY

MeiraGTx has announced a $30M strategic investment from Sanofi, which will be purchasing 4M shares at $7.50 per share.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:37 am

REKR

Rekor Systems, Inc. (NASDAQ:REKR) has announced a multi-year strategic partnership with NextMove by Cintra, the digital business venture of Ferrovial's highway division. The partnership aims to accelerate the connected vehicle and infrastructure ecosystem to create safer, more efficient, and sustainable transportation solutions.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:35 am

NOVC

SNDL

SNDL Inc. and Nova Cannabis Inc. have announced an extension of the closing date for their strategic partnership to November 30, 2023, due to a continued review by a provincial regulator. The maturity date of Nova's revolving credit facility with SNDL has also been extended to the same date.

Portfolio Pulse from Charles Gross

October 30, 2023 | 11:28 am

GRMN

Garmin Ltd. (GRMN) has chosen AMIT International as its exclusive distributor for India. This move is expected to expand Garmin's reach in the Indian market.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:13 am