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Partnerships

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

FLT

ORCL

STX

UPS

On CNBC's 'Halftime Report Final Trades', analysts recommended United Parcel Service (UPS), Oracle Corporation (ORCL), Seagate Technology Holdings (STX), and FLEETCOR Technologies (FLT). UPS was highlighted for its 4% dividend and 16 multiple, with a 13% annual dividend increase over the past five years. Oracle was recommended as an entry point after recent earnings. Seagate was picked for its 4.5% dividend yield and recent decision to issue $1.3 billion in exchangeable senior unsecured notes. FLEETCOR was noted for reaching a 52-week high and its brand Corpay's new partnership with Aston Villa Football Club.

Portfolio Pulse from Lisa Levin

September 18, 2023 | 12:45 pm

NIO

NIO and Svolt Energy are reportedly planning to establish a joint venture to develop cylindrical batteries, with the goal of reaching mass production by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:41 pm

EVAX

Evaxion Biotech A/S (NASDAQ:EVAX) has announced a collaboration with an undisclosed pharmaceutical company to expand its preclinical bacterial vaccine pipeline. The project, EVX-B3, will use Evaxion's proprietary AI platforms, EDEN™ and RAVEN™, to design a novel vaccine candidate for a bacterial pathogen with high medical need and no current vaccine. The project is co-funded by both companies.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:24 pm

ORCL

Oracle has announced new generative AI services for healthcare organizations. The Oracle Clinical Digital Assistant, integrated with Oracle's electronic health record (EHR) solutions, uses generative AI and voice commands to reduce manual work for providers and improve patient care. The assistant can automate note taking, propose context-aware actions, and respond to voice commands from providers. It also allows patients to take self-service actions such as scheduling appointments or checking clinical information. The new solution will be available in the next 12 months.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:19 pm

MYGN

Myriad Genetics (NASDAQ:MYGN) has announced a collaboration with Memorial Sloan Kettering Cancer Center (MSK) to study the use of minimal residual disease (MRD) testing in breast cancer. The research will use Myriad's MRD testing platform, a high-definition assay that uses whole-genome sequencing for circulating tumor DNA. The study will investigate the use of MRD testing for patients in two breast cancer cohorts, focusing on treatment response prediction.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:12 pm

DLR

ORCL

Digital Realty (DLR), a global provider of cloud and data center solutions, announced it will offer connectivity to the Oracle EU Sovereign Cloud via Oracle Cloud Infrastructure (OCI) FastConnect. The Oracle EU Sovereign Cloud, located entirely within the EU, provides customers with access to OCI's public cloud services while ensuring data privacy and sovereignty. Digital Realty's ServiceFabric™ will facilitate the interconnection to Oracle EU Sovereign Cloud from over 130 locations globally.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:10 pm