Streetbeat News

Partnerships

SHOT

Safety Shot has been issued a second U.S. patent for its product JW-700, which enhances the effectiveness of Minoxidil in the hair growth market. The product, which has exceeded sales expectations in India, is set to be introduced in 30 other countries through a partnership with Cosmofix & San Pellegrino. The company has also added Dr. Ready's, a company with annual revenues of $2.99B, to its licensee list. Clinical trial results demonstrating the product's efficacy in hair growth are expected in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:19 pm

LDOS

SHLS

Shoals Technologies Group (NASDAQ:SHLS) will deploy its Fuel by Shoals eMobility solution for the U.S. Department of the Air Force. The deployment supports an EV Charging-as-a-Service (EVCaaS) pilot project provided by Leidos (NYSE:LDOS). Leidos will design and implement a power infrastructure solution for the Air Force's fleet of non-tactical vehicles. Leidos will integrate ChargePoint EV chargers with the Fuel by Shoals solution to enable the Air Force to transition its fleet of more than 49,000 non-tactical vehicles to zero-emissions using EVCaaS.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:17 pm

BUD

STZ

TKO

Anheuser-Busch Inbev SA (BUD) has signed a multiyear marketing partnership with UFC, a mixed martial arts organization and part of TKO Group Holdings, Inc. (TKO). The deal makes Anheuser-Busch the 'Official Global Beer Partner of UFC' from January 1, 2024. The partnership will include 360-degree programming, custom social and digital content, broadcast integration, and on-site presence. Bud Light replaces Modelo, owned by Constellation Brands, Inc. (STZ), as UFC's beer sponsor.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2023 | 12:10 pm

J

Jacobs Engineering Group Inc. has been selected for the Metropolitan Transit Authority of Harris County's transit program. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:50 am

AAPL

NVDA

TSM

Japan plans to provide an additional $10 billion in subsidies for two key semiconductor projects. The country proposes to allocate up to 900 billion yen for a second Taiwan Semiconductor Manufacturing Company Ltd (TSMC) factory in Kumamoto, Japan, and 590 billion yen for Japan’s homegrown chip venture Rapidus Corp. TSMC is a primary supplier of Apple Inc and Nvidia Corp. The second TSMC factory will likely cost roughly 2 trillion yen and make 6-12 nanometer logic chips, devices catering to products like electric vehicles.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 11:47 am

AAPL

MSFT

QCOM

Humane AI Pin, a product by Humane, a company started by two former Apple executives, has been named one of Time Magazine's 'Best Inventions of 2023'. The device, powered by Microsoft-backed OpenAI's ChatGPT, attaches to clothing and allows users to perform tasks like making calls and sending texts using voice commands. It also has a built-in camera for identifying objects and a laser projection system. Humane has raised $230 million from investors including Microsoft, OpenAI's Sam Altman, Tiger Global, Qualcomm Ventures, and Salesforce CEO Marc Benioff.

Portfolio Pulse from Rounak Jain

October 25, 2023 | 11:41 am

MSFT

SPNS

Sapiens has introduced Decision Model.AI, a generative AI solution that integrates Microsoft Azure OpenAI Service. The solution allows decision modelers to input business policy from any source, written in conversational English, and have it automatically translated into a decision model. It is expected to reduce the time required to create a conventional decision model by 30% or more.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:29 am

GM

HMC

Honda Motor Co (NYSE:HMC) and General Motors Co (NYSE:GM) have cancelled their plans to develop affordable electric vehicles (EVs). The decision was due to business difficulties, according to Honda's CEO. In addition, GM has withdrawn its EV production targets, including the 100,000 EV target for the second half of this year and the cumulative 400,000 target from 2022 to the first half of 2024. GM's operating income fell 11.1% year-over-year to $3.01 billion in the third quarter.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 10:46 am

LIN

Linde PLC has signed a long-term agreement to supply industrial gases to Indian Oil's Panipat refinery. The deal is expected to strengthen Linde's position in the Indian market.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:35 am

FRGT

Freight Technologies has received a Request For Quotation (RFQ) from an undisclosed pharmaceutical company. Under the RFQ, Fr8App, a product of Freight Technologies, has been awarded 33 lanes to transport pharmaceutical goods from the United States to Mexico and Canada.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 10:34 am