Streetbeat News

Partnerships

SSNLF

TSLA

Samsung Electronics has won a contract to supply camera modules to Tesla Inc. This is the second major win for Samsung in the EV space this year, following a contract to supply chips for Tesla's Level-5 autonomous driving vehicles. The camera modules will be used in Tesla's Full Self-Driving technology. Samsung is now a key supplier for Tesla, replacing LG Innotek as the lead camera module supplier.

Portfolio Pulse from Rounak Jain

September 05, 2023 | 11:15 am

BA

Saab has signed an extension agreement with Boeing for the manufacturing of large cargo doors, bulk cargo doors, and access doors for the Boeing 787 Dreamliner.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:08 am

GILD

MGNX

Gilead Sciences has nominated the first of two research programs, leveraging Macrogenics' DART and TRIDENT platforms for generating bispecific antibodies. This triggers a milestone payment of $15M to Macrogenics.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:07 am

JYD

Jayud Global Logistics Limited (NASDAQ:JYD) has entered into a customs service agreement with Zhuhai Xiaomi Communications, a subsidiary of Xiaomi Corporation. The partnership aims to streamline and optimize Xiaomi's international cargo operations, including import and export customs clearances and related services at each port.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:02 am

NSANY

RNLSY

Renault's CEO Luca de Meo has indicated that the company's new electric vehicle division, Ampere, could reach a valuation of up to $10.75 billion in an IPO expected in the first half of 2024. The exact pricing is yet to be confirmed. Nissan, as part of its restructured alliance with Renault, has committed to invest up to €600 million in Ampere. Renault's shares (RNLSY) closed lower by 6.7% to $7.52 on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 10:54 am

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, has officially commenced its Smart Government Security Convergence project in Egypt. The project, funded by the Government of Egypt, is a significant step towards achieving Egypt's Vision 2030 objectives.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:35 am

BMY

Zenas BioPharma has entered into a license and collaboration agreement with Bristol Myers Squibb to develop and commercialize obexelimab for autoimmune diseases in several Asian countries. Zenas will receive a $50 million up-front cash payment and additional payments for achieving certain milestones. Bristol Myers Squibb will also make an equity investment in Zenas.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:07 am

QUBT

Quantum Computing Inc. (QUBT) has signed a strategic sales and teaming agreement with AI-empowered cybersecurity company, Assured Cyber Protection Ltd. The partnership aims to leverage Quantum's quantum optics and nanophotonics technology in the cybersecurity sector.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:03 am

BKR

Venture Global LNG and Baker Hughes Company (NASDAQ:BKR) have expanded their master equipment supply agreement for additional liquefaction train systems and power island systems for Venture Global's future LNG export projects. This aligns with Venture Global's plan to increase production from 70MTPA to over 100MTPA. Baker Hughes, which recently reported a 2Q FY23 revenue increase of 25.1% YoY to $6.32 billion, will provide the same technology solutions it supplied to the Calcasieu Pass LNG facilities to the under-construction Plaquemines LNG facility.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 9:46 am

AMZN

VOD

Vodafone and Amazon's Project Kuiper have announced a strategic collaboration to extend the reach of 4G/5G services to more customers in Europe and Africa. Vodafone and Vodacom plan to use Project Kuiper's low Earth orbit satellite communications network for this expansion.

Portfolio Pulse from Charles Gross

September 05, 2023 | 8:37 am