Streetbeat News

Partnerships

CMI

HYLN

Hyliion Holdings Corp. (HYLN) and Cummins Inc. (CMI) have received a Dual Executive Order from the California Air Resources Board (CARB) for the Hypertruck ERX powertrain, which is paired with Cummins' ISX12N natural gas engine. This certification allows the companies to sell the powertrain in California, meeting key environmental requirements. The Hypertruck ERX powertrain qualifies as a near zero emission vehicle under CARB's Advanced Clean Truck and Advanced Clean Fleet rulings. Initial deliveries of the Hypertruck ERX powertrain with the ISX12N Cummins natural gas engine will occur before the end of the year.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:08 pm

STLD

Mercedes-Benz has signed an agreement with Steel Dynamics, Inc. (SDI) to source over 50,000 tonnes of CO2-reduced steel annually for its Tuscaloosa plant. The steel will be made using an electric arc furnace powered by 100% renewable sources. The deal is part of Mercedes-Benz's global effort to decarbonize its steel supply chain. The CO2-reduced steel from SDI will be introduced into series production at the Tuscaloosa plant as early as September 2023.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:05 pm

NXST

DIRECTV and Nexstar Media have reached a new multi-year distribution agreement. The terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:04 pm

DASH

DoorDash (NYSE:DASH) has announced multiple new grocery partners, including CUB, Eataly, El Super, Fiesta Mart, Lowe's Markets, Pruett's Food, Stater Bros. Markets, and Strack & Van Til. This move continues DoorDash's rapid expansion in the grocery category. The new partnerships will be available on DashPass, DoorDash's membership program that offers members $0 delivery fees on eligible orders of $35 or more. DoorDash launched on-demand grocery delivery in 2020 and has since become the fastest-growing platform for grocery in North America.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:03 pm

DASH

DoorDash (NYSE:DASH) and ALDI have expanded their partnership to offer on-demand alcohol delivery from over 1,200 ALDI locations across 21 states. This move allows nearly 80% of DoorDash consumers to access alcohol through safe, age-verified delivery. The expansion comes after DoorDash and ALDI first announced their partnership for on-demand grocery delivery. The addition of alcohol to orders may increase grocers' average order value by up to 30%.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:02 pm

MCS

CJ 4DPLEX and Marcus Theatres have extended their partnership, with the first Marcus ScreenX Auditorium to be located at Marcus Ridge Cinema in New Berlin, WI. This move is expected to enhance the movie-going experience for customers.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:02 pm

C

Citi Treasury and Trade Solutions (TTS) has announced the creation and piloting of Citi Token Services, a service that uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients. The service will integrate tokenized deposits and smart contracts into Citi's global network, enhancing cash management and trade finance capabilities. The technology was tested in collaboration with Maersk and a canal authority to digitize a solution that serves the same purpose as bank guarantees and letters of credit in the trade finance ecosystem.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:02 pm

HBIO

Harvard Bioscience, Inc. (NASDAQ:HBIO) and Etisense have entered into an agreement to offer DECRO, Etisense's non-invasive telemetry jacket and associated physiological monitoring software, to pre-clinical customers in the North American and European markets. Harvard Bioscience's Data Sciences International (DSI) pre-clinical business will serve as the exclusive distributor of Etisense's line of DECRO telemetry jackets and software in North America, the United Kingdom, and Ireland. The companies target first deliveries of the JET integration with Ponemah in the spring of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:58 pm

LCID

TSLA

Tesla Inc is reportedly in early talks with Saudi Arabia about setting up a new manufacturing facility in the country. The deal could be complicated due to Saudi Arabia's existing partnership with Lucid Group Inc, in which the Saudi Public Investment Fund holds a majority stake. A potential deal could help Tesla ramp up production and secure increased access to metals and minerals needed for EV manufacturing.

Portfolio Pulse from Adam Eckert

September 18, 2023 | 12:55 pm

GLCNF

LICY

Li-Cycle Holdings Corp (NYSE:LICY) and Glencore International AG, a subsidiary of Glencore plc (OTC:GLCNF), have announced plans to expedite the production of battery-grade lithium carbonate at the Portovesme Hub project in Italy. The project will be executed in two phases, with Phase 1 expected to start operations in 2024 and Phase 2 expected to begin commissioning in late 2026 to early 2027. The hub will process lithium-ion based black mass supplied from Li-Cycle's European Spoke recycling network and Glencore's commercial network.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 12:52 pm