Streetbeat News

Partnerships

AMZN

BMWYY

QCOM

BMW plans to use Amazon's cloud computing technology and Qualcomm's Snapdragon Ride platform for autonomous driving technology in its upcoming electric vehicles (EVs).

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:06 am

TSN

Tyson Foods, Inc. (NYSE:TSN) has entered into a multi-year collaboration with Gatik AI, Inc. to deploy autonomous refrigerated box trucks in Northwest Arkansas. The partnership aims to increase asset utilization within Tyson's short-haul logistics network, assist with inventory objectives, and support a high-frequency approach to goods movement. The trucks will operate 18 hours a day, delivering Tyson, Jimmy Dean, and BallPark products to distribution and storage facilities.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2023 | 10:59 am

SEED

Origin Agritech Ltd. (NASDAQ:SEED) has completed an agreement with Beijing Changping Technology Innodevelop Group (BC-TID) to convert approximately $19 million in debt into equity in a joint venture. The transaction does not involve any aspects of Origin's seed business and technology, nor does it result in the issuance of any new shares of Origin Agritech Ltd.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:52 am

BKR

TELL

Baker Hughes Company (BKR) has signed a deal with Tellurian Inc (TELL) to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. This follows a recent agreement with Venture Global LNG for additional liquefaction train systems and power island systems. Baker Hughes recently reported a 2Q FY23 revenue increase of 25.1% YoY to $6.32 billion, beating the consensus of $6.26 billion.

Portfolio Pulse from Lekha Gupta

September 06, 2023 | 10:45 am

CMI

PCAR

Cummins, Daimler Truck and PACCAR have formed a joint venture to advance battery cell production in the US. The total investment is expected to be in the range of $2-3 billion for the 21-gigawatt hour (GWh) factory.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:42 am

AMZN

BMWYY

QCOM

BMW (OTC:BMWYY) is partnering with Amazon (NASDAQ:AMZN) to use its cloud computing technology for the development of semi-autonomous driving features in its upcoming electric vehicles. The Advanced Driver Assistance Systems (ADAS) will be featured in BMW’s Neue Klasse range of electric cars set to launch in 2025. Amazon Web Services (AWS) will be used to store and process large volumes of data. BMW will also use Qualcomm’s (NASDAQ:QCOM) Snapdragon Ride platform to power its ADAS from 2025.

Portfolio Pulse from Benzinga Neuro

September 06, 2023 | 10:15 am

GEVO

Gevo Inc. has finalized and executed a Notice of Grant and Agreement Award with the US Department of Agriculture. The details of the agreement and its potential impact on the company's operations and financials were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:03 am

FLT

FleetCor's brand Corpay has become the Official Commercial Foreign Exchange (FX) Partner for Aston Villa Football Club. This partnership will allow Aston Villa and its corporate business partners to use Corpay's solutions to manage their foreign exchange exposure and global payments.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:36 am

TSN

Tyson Foods, Inc. (TSN) and Gatik AI, Inc. have announced a multi-year collaboration to deploy autonomous refrigerated box trucks to bolster Tyson routes in Northwest Arkansas. The trucks will operate 18 hours a day, delivering Tyson, Jimmy Dean, and BallPark products to the company's distribution and storage facilities in the Rogers and Springdale, Arkansas areas.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 9:01 am

PSFE

Paysafe (NYSE:PSFE) and Eightcap have announced a strengthened partnership through the introduction of an Embedded Trading Wallet solution. This collaboration aims to provide a joint embedded finance solution for their shared partners and merchants.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:24 am