Streetbeat News

Partnerships

AXS

Axis Capital and Stone Point Credit have launched Monarch Point Re, a new venture that was accompanied by a capital raise of over $400 million. This includes a $75 million equity investment from a subsidiary of AXIS Capital and a $75 million equity investment from Stone Point Credit.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:01 pm

NAAS

NaaS Technology Inc (NASDAQ:NAAS) has partnered with Shenzhen ZSY Financial Services Co Ltd to promote financial innovation in the energy sector. The collaboration will focus on new energy industry financial innovation and new energy assets securitization. The partnership aims to integrate new energy business and financial services to boost a low-carbon energy industry. NaaS' year-to-date fundraising has reached $91 million. Its parent company, NewLink, has partnered with China Construction Bank (CCB) for integrated financial services support.

Portfolio Pulse from Shivani Kumaresan

September 29, 2023 | 12:52 pm

CUEN

GROM

LQR

LYT

The article lists four oversold stocks in the communication services sector that may perform well in the short term. These include LQR House Inc. (NASDAQ:LQR), which announced a strategic partnership with Cannon Estate Winery for expanded Canadian distribution, Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT), which disclosed the set up and launch of LYTUS STUDIOS in the USA, Grom Social Enterprises, Inc. (NASDAQ:GROM), which priced a $3 million offering, and Cuentas Inc. (NASDAQ:CUEN), which saw its stock fall 28% over the past month.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 12:51 pm

IMKTA

NET

PINS

SMTC

Insider sales were reported for Pinterest, Cloudflare, Semtech, and Ingles Markets. Pinterest's Chief People Officer sold shares worth around $388,485, while the company announced a stock repurchase program. Cloudflare's Director sold shares worth around $1.82 million, as the company announced collaborations with Meta Platforms, Microsoft, and NVIDIA. Semtech's SVP sold shares worth around $464,789 following better-than-expected Q2 results but weak Q3 guidance. Ingles Markets' Director sold shares worth around $151,000 after the company reported Q4 FY22 sales growth.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 12:02 pm

BKR

Baker Hughes (BKR) has announced that it has secured two contracts from Vår Energi. The details of the contracts have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:01 pm

BNB-USD

LINK-USD

Chainlink's Cross-Chain Interoperability Protocol (CCIP) has been integrated with the Binance Coin (BNB) Chain. This development is expected to provide Web3 developers with a platform to create feature-rich decentralized applications (dApps), expanding the multichain ecosystem. The integration allows developers from various blockchain platforms to transition to and collaborate with BNB Chain and other blockchains connected via CCIP. Chainlink's CCIP is backed by its decentralized oracle networks, known for securing over $8 trillion in on-chain transaction value.

Portfolio Pulse from Murtuza Merchant

September 29, 2023 | 12:00 pm

VNT

Vontier Corporation's Invenco by GVR's Passport X solution has been selected by Galp Energia for their convenience store digital transformation. This partnership will enable Galp Energia to enhance their customer experience and streamline operations.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:13 am

DNA

Ginkgo Bioworks and Texas A&M University have jointly received a research grant from the U.S. Department of Agriculture's Animal and Plant Health Inspection Service. The grant is to study SARS-CoV-2 in white-tailed deer populations in Texas.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:07 am

STN

Stantec has been selected to design a new STEM building for the University of North Texas at Dallas. This could potentially increase the company's revenues and reputation in the sector.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 10:58 am

TRMB

Trimble Inc. has opened a Trimble Technology Lab at Virginia Tech, sponsored by the School of Architecture and Myers-Lawson School of Construction. The lab will focus on architecture and construction.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 10:37 am