Streetbeat News

Partnerships

CDIO

Cardio Diagnostics and Truckers Health Network have entered into a strategic collaboration. The details of the collaboration were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:02 pm

BK

BNY Mellon has formed a strategic alliance with Trustly to launch an open banking payment solution called Bankify, which guarantees settlement.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:59 pm

QCOM

Huawei's potential collaboration with SMIC to enhance its 5G and other internally developed processors could negatively impact Qualcomm and MediaTek, with Qualcomm being particularly affected, according to DigiTimes Research.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:56 pm

ESLT

RTX

Collins Elbit Vision Systems (CEVS), a joint venture between Collins Aerospace, an RTX Corp (NYSE:RTX) business, and Elbit Systems Ltd (NASDAQ:ESLT), has secured a $16 million contract from the U.S. Navy for development, engineering, logistics and test support of the Improved Joint Helmet Mounted Cueing System used in Block III F/A-18E/F and E/A-18G aircraft. CEVS is introducing the Zero-G Helmet Mounted Display System+ (HMDS+), which will provide an augmented view of the battle space inside the pilot's helmet to allow for faster decision making, increasing survivability and effectiveness.

Portfolio Pulse from Shivani Kumaresan

September 07, 2023 | 12:50 pm

CRLBF

Cresco Labs Inc. (OTCQX:CRLBF) has announced a new partnership with Spotify, marking the first time a cannabis company has advertised on the audio streaming platform. The ad campaign will promote the benefits of shopping at Sunnyside dispensary and will include 30-second audio and in-app digital banners. Cresco's shares traded 5.4519% higher at $2.1934 per share after the market close on Wednesday.

Portfolio Pulse from Jelena Martinovic

September 07, 2023 | 12:49 pm

F

GM

STLA

The United Auto Workers (UAW) is in contract negotiations with Ford Motor Co (F) and Stellantis (STLA), with existing labor agreements set to expire in a week. UAW President Shawn Fain criticized the automakers for delaying negotiations and expressed the need for substantial progress. The UAW demands include a 20% immediate wage increase, four 5% annual wage increases, pension plans for all workers, shorter workweeks, higher cost-of-living adjustments, conversion of temporary workers to permanent employees, increased profit sharing, and reinstatement of retiree health-care benefits. General Motors (GM) is expected to provide its proposal soon.

Portfolio Pulse from Ramakrishnan M

September 07, 2023 | 12:46 pm

RPD

Rapid7 has partnered with the University of South Florida (USF) on a cyber training initiative, funded by a $1.5 million grant from the Office of Naval Research and the National Science Foundation. The initiative aims to develop new cybersecurity training methods and tools.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:45 pm

BABA

FANG

UBER

XLE

On CNBC's 'Halftime Report Final Trades', Brian Belski of BMO Capital Markets recommended Uber Technologies, Stephen Weiss of Short Hills Capital Partners recommended Alibaba Group Holding, Joseph Terranova of Virtus Investment Partners recommended Diamondback Energy, and Liz Young of BNY Mellon Investment Management recommended Energy Select Sector SPDR Fund. Uber recently signed a deal with Hy-Vee for grocery delivery in the Midwest. Alibaba was reiterated with a Positive rating and a $160 price target by Susquehanna analyst Shyam Patil. Diamondback Energy's subsidiary, Viper Energy Partners, announced a purchase and sale deal to acquire certain mineral and royalty interests.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 12:44 pm

GD

IPX

OSK

IperionX Limited has signed a Test Services Agreement with the U.S. Army Combat Capabilities Development Command Ground Vehicle Systems Center (DEVCOM GVSC) to produce high-strength titanium plate components for testing. The results may be relayed to U.S. DoD contractors, including General Dynamics Corporation, BAE Systems, Inc., American Rheinmetall Defense, Inc., and Oshkosh Corporation. IperionX aims to re-shore a fully integrated titanium supply chain to the U.S., reducing reliance on imports.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:43 pm

LILM

Lilium N.V. (NASDAQ:LILM) and Saint-Gobain Aerospace have announced a supplier partnership for the development, series production, and customer support of the Lilium Jet's transparencies (windows and windshields). The windows, custom-designed by Saint-Gobain, will have a lightweight construction and improved visibility enhancement. The partnership continues Lilium's strategy of working with established aerospace suppliers to support certification and scaled production.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:39 pm