Streetbeat News

Partnerships

TAP

Molson Coors Beverage Company (NYSE:TAP) is planning to launch a non-alcoholic version of its popular Blue Moon beer as part of its strategic shift towards non-alcoholic beverages. The company's CEO, Gavin Hattersley, emphasized the company's commitment to aligning with evolving consumer preferences towards health and wellness. This move comes in tandem with Molson Coors' expanded partnership with ZOA Energy, an energy drink brand co-founded by Dwayne “The Rock” Johnson.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 7:12 am

EVO

Evotec has entered into a BRIDGE partnership with Lightstone, ClavystBio, Leaps By Bayer, and Polaris for '65LAB', aiming to boost drug discovery in Asia. The partnership is expected to accelerate the development of innovative drugs and therapies.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 7:11 am

TM

Toyota Motor Corp. (NYSE:TM) has entered into a long-term agreement with LG Energy Solution for the supply of batteries for its upcoming US-assembled electric vehicles (EVs). The deal, which will take effect in 2025, will see LG Energy Solution provide Toyota with 20 GWh of battery modules annually. LG Energy Solution will invest approximately $3 billion into its facility in Michigan to establish dedicated EV battery production lines for Toyota.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 6:52 am

NAAS

NaaS Technology has announced a strategic partnership with the Office for Attracting Strategic Enterprises of Hong Kong Special Administrative Region. The details of the partnership were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:36 am

STGW

Stagwell has added Vietnam-based digital creative shop Markus Agency as a new partner within its global affiliate network. This move is expected to enhance Stagwell's digital capabilities and expand its global reach.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:31 am

MNOV

SNY

MediciNova has received a $1 million milestone payment from Genzyme Corporation, a subsidiary of Sanofi, under an assignment agreement. The payment is due to the successful achievement of a clinical development milestone for a gene therapy product based on AAV vector technology.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:08 am

ADDYY

SONY

Adidas AG (OTC:ADDYY) is partnering with Sony Group Corp. (NYSE:SONY) and Insomniac Games to launch a Spider-Man 2-themed collection, coinciding with the release of Marvel's Spider-Man 2 on PS5. The collection includes various items inspired by the game's characters and will be available from October 20. PS Plus members will have early access to the collection.

Portfolio Pulse from Franca Quarneti

October 04, 2023 | 11:29 pm

AMZN

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) is planning to monetize its hit shows by creating experiences and merchandise for fans. The company has partnered with PacSun, FYE, Bandai, and Zara for its 'One Piece' merchandise. Netflix has also launched experiences such as pop-up restaurants and a collection of wedding gowns related to its hit 'Bridgerton'. The company aims to release products to coincide with a new series or season on the streaming platform, a strategy that carries more risk but could lead to more brand awareness and revenue opportunities.

Portfolio Pulse from Chris Katje

October 04, 2023 | 10:56 pm

BTCUSD

El Salvador is launching its first local Bitcoin mining pool, Lava Pool, led by Volcano Energy in association with Luxor Technologies. The initial phase of the project involves the construction of a 241-megawatt renewable energy park. Luxor’s hashrate forward marketplace will be used to manage risk against market volatility. Volcano Energy will contribute 23% of its net income from mining operations to the El Salvador government. In early 2023, Tether invested in El Salvador’s $1 billion renewable energy project to power the Bitcoin mining operations.

Portfolio Pulse from Khyathi Dalal

October 04, 2023 | 10:25 pm

YOU

CLEAR, a secure identity company, is expanding into financial services with the launch of its first reusable Know Your Customer (KYC) solution. The new solution aims to help financial services companies convert prospects into customers by reducing the traditional 40% drop off at onboarding due to friction.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:32 pm