Streetbeat News

Partnerships

GLG

TD Holdings, Inc. (NASDAQ:GLG) has entered into a strategic cooperation agreement with Shenzhen Jintongyuan Energy Storage Technology Co., Ltd. to develop a storage battery project in Southeast Asia. The project is expected to generate an annual capacity gain of $412 million. Both parties will establish a joint venture named Baiyu Energy Storage Technology Co. Ltd. in China, with TD Holdings holding a 51% equity interest and Jintongyuan holding a 49% equity interest.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 12:33 pm

IMGN

TAK

ImmunoGen (NASDAQ:IMGN) has signed an agreement with Takeda Pharmaceutical (NYSE:TAK) to develop and commercialize the ovarian cancer drug ELAHERE in Japan. ImmunoGen will receive $34 million in upfront and near-term milestone payments and is also eligible for potential regulatory and commercial milestone payments. ImmunoGen retains exclusive production rights and will supply the product for development and commercial use in Japan, while Takeda will receive an exclusive license to develop and commercialize ELAHERE in Japan.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 12:22 pm

HD

The Home Depot Foundation has announced an additional investment of over $6M in skilled trades training. The move is aimed at addressing the nearly 400,000 job openings in the construction industry. The company has also launched new strategic partnerships.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:14 pm

DATS

DatChat (NASDAQ:DATS) has signed a marketing Memorandum of Understanding with Cloud Water Brands to promote their products within the Habytat Virtual World. The partnership will involve product placements, Interactive 3D displays and NPC advertising. Habytat has also launched its Brand Marketing Partnership Program, making the platform accessible to companies wishing to engage new audiences within the metaverse.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 12:13 pm

UCL

Ucloudlink Group has begun commercializing its Internet of Things (IoT) solutions, partnering with Maya Net Solution and NTT Media Supply Co., Ltd., a subsidiary of Japan's Nippon Telegraph and Telephone Corporation.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:12 pm

GDC

GD Culture Group Limited (GDC) has announced the launch of a live-streaming e-commerce business on TikTok via its subsidiaries Shanghai Highlight Media Co., Ltd. and AI Catalysis Corp. The move aims to capitalize on TikTok's growing user base and revenue, which reached $9.4 billion in 2022, a 100% YoY increase. GDC's initiative is expected to redefine the online shopping experience by offering curated products and real-time interaction.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 12:10 pm

NICE

Pennsylvania's Allegheny County District Attorney's Office will deploy NICE's AI-powered digital evidence management solution, NICE Justice. The solution aims to streamline the criminal justice process, reduce postponements, and free up attorneys to prosecute more cases.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:09 pm

APM

ELIQ

LQR

VHNA

Several stocks are experiencing significant pre-market trading movements. Vahanna Tech Edge Acquisition I Corp. (VHNA) rose 48.6% after announcing an additional contribution to its trust account. LQR House Inc. (LQR) shares gained 41.2% following the authorization of a share repurchase program and a marketing partnership with Gold Standard Media. On the other hand, Electriq Power Holdings, Inc. (ELIQ) fell 14% and Aptorum Group Limited (APM) shares fell 13.6% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 12:09 pm

REE

REE Automotive Ltd. (NASDAQ:REE) has partnered with Knapheide, a leading manufacturer of work truck bodies and truck beds, to create full electric vehicle solutions. Knapheide will upfit REE's P7-C chassis cabs to meet the requirements for fleet customers across all electric vehicle types ranging from Class 3-5. The partnership aims to reduce downtime and improve tailored electric fleets' time to market. The companies are now accepting orders from North American customers, with initial deliveries expected in 2024.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 12:08 pm

GOOG

TWKS

Thoughtworks has become a Premier Partner for Google Cloud in the Services Engagement Model. This partnership will allow Thoughtworks to provide more comprehensive solutions to its clients using Google Cloud's technology.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:08 pm