Streetbeat News

Partnerships

AHI

SCR.FP

Advanced Health Intelligence Ltd (AHI) has signed a Letter of Intent (LOI) with UK-based Unisure Group and SCOR to develop and deploy a digital underwriting solution using AHI's Biometric Health Assessment. The collaboration aims to create innovative insurance offerings by leveraging AHI's technology with SCOR's reinsurance knowledge. The solution will digitally assess the health risk of at least 5,000 individuals for insurance requirements. AHI anticipates revenue generation from this agreement upon the initial deployment of the solution.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:43 pm

XOM

Exxon Mobil is lobbying the Biden administration to allow hydrogen made from natural gas to qualify for subsidies under the new climate legislation. The company believes it can produce hydrogen without significant carbon dioxide emissions, making it as environmentally friendly as hydrogen from water and green energy. Exxon's lobbying efforts include key decision makers in Washington, including Secretary of Energy Jennifer Granholm and White House Climate Advisor Ali Zaidi.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2023 | 1:41 pm

AMZN

PINS

Pinterest (PINS) stock traded higher after executives announced anticipated accelerated year-over-year revenue growth following a slowdown in 2022 and 2023. The company projected a compound annual growth rate in the mid to high teens over the next three to five years. Pinterest also expects its adjusted margin for earnings before interest, taxes, depreciation, and amortization to reach a percentage in the low 30s within the next three to five years. The company's focus has shifted towards collaborating more effectively with retailers, including an advertising partnership with Amazon (AMZN).

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 1:33 pm

MYSZ

Portugal-based jeans brand, Salsa Jeans, is leveraging MySize's Naiz Fit Smart Catalogue to improve fit and size merchandising. The Smart Catalogue uses AI to solve size problems at the design phase.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:16 pm

BERY

Berry Global has partnered with ACCIONA Energía to power its Mexico operations with 100% renewable electricity. This agreement will provide cost savings and significantly reduce Berry's operational impact.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:15 pm

TRUFF

Ontario-based mushrooms producer Red Light Holland Corp. has launched the online sale of organic grow-your-own mushroom kits in partnership with Mistercap LLC. The kits are available for shipping across the U.S. and Canada, and are expected to be sold in Europe in the fall of 2023. The partnership aims to increase consumer awareness around the entire mushroom category.

Portfolio Pulse from Nina Zdinjak

September 20, 2023 | 1:11 pm

AAPL

GS

Apple and Goldman Sachs were planning to launch a stock-trading feature for iPhones, but the plan was put on hold due to market conditions. The feature would have allowed users to buy and sell stocks. The project was shelved as markets turned south. The status of the project is unclear after Goldman Sachs CEO decided to retrench from nearly all of the bank's consumer efforts. However, the infrastructure for the feature is mostly built and ready to go should Apple decide to proceed.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:10 pm

X

NETL and United States Steel Corporation (NYSE:X) are planning to test an advanced membrane technology to capture carbon dioxide emissions at the Edgar Thomson Plant in Pennsylvania. The project is part of the U.S. Department of Energy (DOE)/NETL Point Source Carbon Capture Program. The technology offers potential cost savings and reduced capital and maintenance costs. The unit is scheduled to be installed in early 2025 and the field test will run for approximately six months.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:08 pm

ABCL

REGN

AbCellera (ABCL) has expanded its multi-target collaboration with Regeneron (REGN) to discover therapeutic antibodies for up to eight targets, increased from the original four. The collaboration, which began in March 2020, leverages AbCellera's antibody discovery engine and Regeneron's VelocImmune® mice to identify novel therapeutic antibodies. Regeneron has the right to develop and commercialize therapeutic antibodies resulting from the collaboration, while AbCellera receives research payments and is eligible to receive downstream clinical and regulatory milestone payments and royalties on net sales of products.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:06 pm

DELL

CyberAgent, a digital advertising company, has chosen Dell Technologies to develop its generative AI and machine learning infrastructure. Dell's PowerEdge XE9680 servers will be used to develop generative AI using large language models and leverage AI for advertising.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:04 pm