Streetbeat News

Partnerships

WNC

Wabash National Corporation (WNC) has entered into a strategic joint venture with Fernweh Group LLC. The partnership aims to expand Wabash's parts distribution network and enhance its 'Trailers as a Service' capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:57 am

LMT

Terran Orbital has won a $7.7 million contract from Lockheed Martin to host additional payloads. This could potentially increase the revenue and profitability of Terran Orbital.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:43 am

TW

Tradeweb Markets has signed a new market data licensing deal with LSEG Data & Analytics. This deal will allow Tradeweb market data to be distributed through LSEG's Enterprise Data Solutions and Workspace.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:33 am

GOOG

GOOGL

META

TikTok, YouTube, and Meta are reportedly seeking e-commerce licenses in Indonesia, according to Reuters. This move is seen as an attempt to tap into the country's rapidly growing digital economy.

Portfolio Pulse from Charles Gross

October 26, 2023 | 10:20 am

IHS

IHS Holding has entered into a one-year partnership with the Limitless Space Institute to expand access to space education in the two largest markets. The partnership aims to make space education more accessible and affordable.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:10 am

INFY

Infosys has signed a five-year deal with Smart Europe GmbH to refine its direct-to-customer business model in Europe and promote sustainable electric mobility. The partnership aims to enhance Smart Europe's digital capabilities and customer experience.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:23 am

STLA

Stellantis N.V. (OTC:STLA) has announced a $1.58 billion investment to acquire approximately 20% of Leapmotor, making it a strategic shareholder. The deal includes the creation of Leapmotor International, a joint venture led by Stellantis, which will oversee the manufacturing and sales of Leapmotor products outside Greater China. The partnership aims to boost Leapmotor's sales in China and significantly accelerate the brand’s sales in other regions, starting with Europe. The joint venture expects to begin shipments in the second half of 2024.

Portfolio Pulse from Benzinga Neuro

October 26, 2023 | 6:49 am

STLA

Canadian union Unifor is in negotiations with Stellantis NV (NYSE:STLA) for a new labor contract, with a focus on the transition to electric vehicles (EVs). The union is seeking a contract similar to those it has with Ford Motor Co and General Motors Co. Unifor has set a deadline of Sunday for a strike if Stellantis does not agree to the proposed terms.

Portfolio Pulse from Anan Ashraf

October 26, 2023 | 5:28 am

MA

V

Mastercard (NYSE:MA) and MoonPay have announced a partnership to explore how Web3 tools can enhance experiential marketing and connect with consumers. MoonPay will use Mastercard's Crypto Credential system and integrate payments technology like Mastercard Send and Click to Pay. Otherlife, MoonPay’s subsidiary, will play a key role in the partnership. Visa Inc (NYSE:V) has also been active in the Web3 space, extending its stablecoin settlement capabilities to the Solana blockchain and partnering with Bitcoin rewards app Fold.

Portfolio Pulse from Khyathi Dalal

October 25, 2023 | 10:19 pm

AAC

X-Energy Reactor Company and the U.S. Department of Energy (DOE) have signed a cooperative agreement to advance the development of a mobile microreactor design. The agreement supports X-energy's work on the preliminary design of its transportable nuclear power plant. The DOE has awarded approximately $2.5 million to X-energy for this project. The Department of Defense (DOD) has also expanded its agreement with X-energy to develop a cost-effective design for a transportable advanced nuclear microreactor prototype for use in remote military locations.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:21 pm