Streetbeat News

Partnerships

EVC

MTCH

Entravision Communications Corporation (EVC) has announced an exclusive sales partnership with Match Media Group (MTCH) for Africa. The partnership aims to expand the reach of both companies in the African market.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 6:28 am

BLDP

QUANTRON and Ballard Power Systems have unveiled ready-to-deliver fuel cell-powered trucks. This collaboration aims to provide a sustainable and efficient solution for transportation.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 6:06 am

FLS

Flowserve and Velan have extended the outside date of their arrangement agreement to October 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:01 pm

EOSE

Eos Energy Enterprises (NASDAQ:EOSE) has announced Project AMAZE, a $500 million expansion program to scale annual production to 8 GWh storage capacity by 2026. The Department of Energy's Loan Programs Office has issued a conditional commitment for a loan guarantee of up to $398.6 million, expected to fund 80% of the expansion. The project is expected to create nearly 700 new jobs and expand the U.S. supply chain. Eos recently partnered with ACRO Automation Systems for the design and development of its first high-output manufacturing line.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 8:00 pm

SAM

Paul Weaver, director and head of cannabis at the Boston Beer Company Inc. (NYSE:SAM), spoke at the Benzinga Cannabis Capital Conference in Miami about the potential future of the cannabis industry. He suggested leveraging the existing infrastructure of the beverage industry to create a seamless consumer experience in the cannabis retail ecosystem. Weaver will be a featured speaker at the upcoming Benzinga Cannabis Capital Conference in Chicago on September 27-28.

Portfolio Pulse from Joana Scopel

August 31, 2023 | 7:44 pm

VTAK

Catheter Precision, Inc. (NYSE:VTAK) has entered a distribution partnership with Singapore-based medical device distributor, Somnotec. The partnership will see Somnotec distribute Catheter Precision's LockeT closure device in Singapore, Philippines, Malaysia, Indonesia, and Brunei. The company is also looking to expand into South America, Central America, the Middle East, Japan, and Australia.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 7:38 pm

ABCL

LLY

Benchmark analyst Robert Wasserman has reiterated a Buy rating on AbCellera Biologics Inc. (ABCL), but lowered the price target to $12 due to reduced valuations for other drug discovery stocks. AbCellera's shares have declined recently as royalties from sales of R&D partner Eli Lilly And Company's (LLY) COVID-19 antibody therapeutics have disappeared. However, the analyst notes that AbCellera has seven molecules in the clinical pipeline and the long-term prospects for new partnerships and royalty revenues look positive.

Portfolio Pulse from Nabaparna Bhattacharya

August 31, 2023 | 7:18 pm

BKI

ICE

The U.S. Federal Trade Commission (FTC) has secured a settlement with ICE and Black Knight over antitrust concerns in a mortgage technology deal. The details of the settlement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 6:28 pm

ATVI

Activision Blizzard Inc has partnered with Modulate to use an AI technology called ToxMod to identify and flag negative behaviors such as hate speech, discrimination, and harassment in real-time in the voice chats of its game Call of Duty. The initial beta rollout of ToxMod started in North America and is active in Call of Duty: Modern Warfare II and Call of Duty: Warzone. A global release, excluding Asia, is planned for Nov. 10, coinciding with the launch of Call of Duty: Modern Warfare III.

Portfolio Pulse from Franca Quarneti

August 31, 2023 | 5:51 pm

INTC

Intel's shares are being closely watched as reports circulate that the company is trending above midpoint guidance for the quarter. Additionally, a large customer has prepaid for their upcoming 18A capacity with Intel Foundry. Intel CEO, Pat Gelsinger, discussed the company's business and corporate strategy at Deutsche Bank's 2023 Technology Conference.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 5:30 pm