Streetbeat News

Partnerships

TM

Toyota Motor Corporation (NYSE:TM) has partnered with Idemitsu Kosan Co Ltd to develop mass production technology for solid electrolytes. The collaboration aims to improve productivity and establish a supply chain for the mass production of all-solid-state batteries for battery electric vehicles (BEVs). The companies plan to commercialize all-solid-state batteries by 2027-28. The partnership will focus on sulfide solid electrolytes, which are seen as a promising material for BEVs. TM shares are trading higher by 2.67% premarket at $182.78.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 10:22 am

SALM

Salem Media has announced a partnership agreement with The Weather Channel en Español to enhance weather coverage and climate reporting in Spanish for South Florida through La Nueva Poderosa 670 AM in Miami.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:10 am

LITM

Snow Lake Resources, also known as Snow Lake Lithium, has partnered with Critical Discoveries to advance the exploration and development of the Snow Lake Lithium Project. The collaboration will also aim to expand Snow Lake's portfolio of prospective lithium projects in Manitoba and the surrounding region.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:09 am

IDCC

InterDigital, Inc. (NASDAQ:IDCC) and the University Carlos III of Madrid (UC3M) have announced an expansion of their bilateral partnership in research to enable technologies that enhance future wireless networks. InterDigital will sponsor experimental research and innovation at UC3M that explores and advances integrated sensing and communications (ISAC) in next-generation cellular systems, 5G Advanced, and 6G.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 9:03 am

ZUO

Zuora and Subscription Factory have launched Zaasly, a platform designed to help small and medium-sized enterprises (SMEs) in Europe establish recurring revenue business models. The platform will provide SMEs with the tools and resources needed to transition to a subscription-based business model.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:43 am

PYPL

Circle Internet Financial, the issuer of USDC, has partnered with Coins.ph, a leading cryptocurrency exchange and digital wallet provider in the Philippines, to promote USDC-denominated remittances. The partnership aims to provide a secure, low-cost, and almost-instant solution for international money transfers. Coins.ph has 18 million Filipino users. The Philippines is the fourth largest recipient of remittances in the world, with remittances forming a major contributor to the country's economy.

Portfolio Pulse from Khyathi Dalal

October 11, 2023 | 9:48 pm

ATXS

Astria Therapeutics has entered into an exclusive worldwide license agreement with Ichnos Sciences for an OX40 portfolio. Astria will pay Ichnos a one-time upfront license fee of $15M and up to $305M in milestones. Astria plans to submit an IND application for STAR-0310 by the end of 2024 and initiate a Phase 1a clinical trial in Q1 2025, with initial results expected in Q3 2025.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:13 pm

STLA

Stellantis NV's stock traded higher amid volatility in auto stocks due to the UAW strikes. The company, in partnership with Samsung SDI, announced Kokomo, Indiana, as the second site for their electric vehicle battery manufacturing facility in the U.S. The facility, part of the StarPlus Energy joint venture, is expected to start production in 2027 with an annual capacity of 34 gigawatt hours. The total investment for both facilities will be over $6.3 billion, creating 2,800 new jobs.

Portfolio Pulse from Ryan Gustafson

October 11, 2023 | 9:08 pm

IGT

International Game Technology PLC (IGT) has secured a 10-year contract extension with Pan Malaysian Pools SDN BHD (PMP). The contract involves upgrading PMP's existing system technology to IGT's Aurora central lottery system and integrating it with PMP's proprietary dmcGO iLottery platform.

Portfolio Pulse from Charles Gross

October 11, 2023 | 8:32 pm

STLA

Stellantis shares are trading higher amid volatility in auto stocks due to the UAW strikes. The company and Samsung SDI have disclosed Kokomo, Indiana, as the second site for their electric vehicle battery manufacturing facility in the US.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 7:55 pm