Streetbeat News

Partnerships

AMZN

Allay Consulting, a national compliance strategy and services provider, is working to help businesses become compliant in the emerging field of psychedelic-assisted therapies (PAT). The company provides certifications, conducts audits, and offers training to ensure facilities are compliant. Allay's CEO, Kim Stuck, highlighted the importance of Good Cultivation and Harvesting Practices (GACP) and Good Manufacturing Practices (GMP) certifications, which are based on U.S. Department of Agriculture and FDA guidelines. Stuck also mentioned that such certifications are necessary to sell on platforms like Amazon (NASDAQ:AMZN).

Portfolio Pulse from Lara Goldstein

October 27, 2023 | 3:41 pm

AXTA

Axalta Coating Systems (AXTA) has been named the exclusive supplier for BMW Group's private paint label, ColorSystem, in 15 European countries and South Africa. The agreement includes BMW Group's network of 730 dealerships and collision repair partners. Axalta will also provide its Fast Cure Low Energy technology paint system, which can reduce carbon equivalent emissions and energy consumption by up to 45% compared to standard paint technologies. The agreement runs through December 2028.

Portfolio Pulse from Happy Mohamed

October 27, 2023 | 3:02 pm

UNP

Union Pacific has developed a more competitive service from Mexico to Southeast US in partnership with Ferromex and Eastern Interline Partners. The company plans to spend $3.7B on capital investments this year. New labor agreements will significantly impact costs.

Portfolio Pulse from Happy Mohamed

October 27, 2023 | 2:51 pm

RTX

RTX Corporation (NYSE:RTX) and Rafael Advanced Defense Systems have agreed to a joint venture to build a missile manufacturing facility in East Camden, Arkansas. The facility, which will produce the Tamir missile for the Iron Dome Weapon System and its U.S. variant, SkyHunter, is expected to begin production in 2025. The companies have committed to a $33 million capital investment for the new facility. RTX shares are trading higher by 0.21% to $79.32.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 2:37 pm

DUK

Duke Energy has announced plans to build and operate the first system in the US capable of producing, storing, and combusting 100% green hydrogen in a combustion turbine in Florida. The system, which is expected to be fully operational by 2024, is a collaboration between Duke Energy, Sargent and Lundy, and GE Vernova. The system will be located at Duke Energy Florida's DeBary plant and will use the existing 74.5-megawatt DeBary solar plant to provide clean energy for two 1-MW electrolyzer units.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:17 pm

TYL

Tyler Technologies, Inc. (NYSE:TYL) has signed a contract with the U.S. National Guard Bureau (NGB) to provide a web-based case management, complaint tracking, and program management and reporting application for military equal opportunity (MEO) and civilian equal employment opportunity (EEO) professionals. The Workforce Case Management suite will manage harassment and discrimination complaint activities. The system will be deployed in Tyler's FedRAMP-certified private cloud environment and will be used across the National Guard, spanning 54 U.S. states, territories, and District of Columbia.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:15 pm

AAPL

GOOG

INTC

NVDA

TSM

Nvidia Corp is partnering with MediaTek to create processors that rival Apple Inc and Intel Corp, using 2.5D packaging technology from CoWoS. The companies plan to manufacture the first test chips in Q2 2024. Nvidia and MediaTek will co-package the CPU and GPU on the same interposer. Nvidia and a Google venture fund have also joined a seed round of funding for AI startup CentML. NVDA shares traded higher by 1.13% at $407.81.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 1:36 pm

PARA

SBGI

Paramount Global (NASDAQ:PARA, PARAA) and Sinclair, Inc. (NASDAQ:SBGI) have announced multi-year distribution agreements across all 21 CBS network affiliations for Sinclair stations. The deal includes six top-50 market affiliates and several early renewals. Sinclair's CBS affiliates will remain locally available to subscribers of Paramount+ with Showtime and will continue to be widely distributed across traditional MVPD and vMVPD platforms.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 1:04 pm

APPN

GWRE

Guidewire (NYSE:GWRE) and Appian (NASDAQ:APPN) have announced a new integration available to Guidewire Cloud users. The integration leverages AI to streamline enterprise processes, boost operational efficiency, and enable insurers to build apps and workflows with no additional coding required. The integration also allows insurers to create a unified view of their enterprise, develop low-code process automation, and deliver a custom interface to improve customer experiences.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 1:03 pm

PXDT

Pixie Dust Technologies, Inc. (NASDAQ:PXDT), a Japanese technology company, has announced a joint research agreement with Tohoku University School of Medicine to develop and commercialize non-pharmaceutical skin disease treatments using wave control technology. This agreement builds on an ongoing partnership between the two entities since 2020.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:33 pm