Streetbeat News

Partnerships

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

SPY

VGK

UN Chief Guterres has written to Russia's Lavrov with a set of proposals to revive the Black Sea Grain Deal. He emphasized that any renewal of the deal must be stable, without crisis or suspension.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 4:16 pm

AMZN

EBAY

HYMTF

MBGAF

TSLA

WKSP

WMT

Worksport Ltd. has revealed its sales strategy, which includes the world’s first solar-powered tonneau cover SOLIS and the portable battery system COR. The company has secured a $1.6 million order and announced four sales partners. Its products will be available on Amazon, Walmart, and eBay. A customized version of its products will be part of Hyundai's Santa Cruz 2024 pickup. Mercedes Benz Group AG has announced that its first high-power charging station will be operational this fall. The company plans to expand its global charging network to more than 2,000 points by the end of 2024.

Portfolio Pulse from Upwallstreet

August 31, 2023 | 4:07 pm

AMZN

EVGO

NSANY

EVgo Inc has launched an Alexa-enabled EV charging experience in collaboration with Amazon.com Inc. The new feature allows drivers with Alexa-enabled vehicles to find and navigate to nearby EV charging stations through voice commands. The integration will create a seamless charging experience for Alexa-enabled EVs, including the Nissan Motor Co Ltd ARIYA, Ford Motor Company Mustang Mach-E and F-150 Lightning.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 4:07 pm