Streetbeat News

Partnerships

SRAD

Sportradar has entered into a global partnership with U.S. Soccer, gaining exclusive rights to betting data and content distribution. This deal could potentially increase the visibility and reach of U.S. Soccer, while providing Sportradar with a new source of data for its betting services.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:51 am

F

Ford Motor (NYSE:F) is investing $890 million in a cathode manufacturing facility in Québec, Canada, in collaboration with South Korean battery suppliers SK On and EcoProBM. The facility, set to start production in 2026, will supply materials for Ford's electric vehicle batteries and is expected to create 345 new jobs. The partnership aims to strengthen Ford's EV supply chain in North America.

Portfolio Pulse from Benzinga Neuro

August 23, 2023 | 8:42 am

NMR

Komainu, a joint cryptocurrency custody venture involving Nomura (NYSE:NMR), Ledger and CoinShares, has been granted an operating license by Dubai's Virtual Asset Regulatory Authority (VARA). This license allows Komainu to extend its custody services, including institutional staking and collateral management, to clients within Dubai through its Komainu Connect platform. Other significant players, such as Laser Digital, a digital asset subsidiary of Nomura, and Binance, have also recently secured operating licenses from VARA.

Portfolio Pulse from Murtuza Merchant

August 22, 2023 | 9:44 pm

AMZN

FDX

UPS

The Teamsters union has ratified a five-year collective bargaining agreement with United Parcel Service, Inc. (UPS), promising benefits to more than 340,000 UPS Teamsters nationwide. The agreement includes wage hikes for both full- and part-time workers, workplace enhancements, and ending enforced overtime on drivers’ off days. The successful ratification avoids a potential massive labor strike. Competitors including FedEx Corp (FDX) and Amazon.com, Inc. (AMZN) will likely be watching closely.

Portfolio Pulse from AJ Fabino

August 22, 2023 | 9:22 pm

DUK

Duke Energy Carolinas has entered a partial agreement with North Carolina Public Staff to enhance system reliability and reduce the requested rate increase. The agreement is subject to approval by the North Carolina Utilities Commission.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 9:00 pm

REGN

Regeneron Pharmaceuticals Inc has been awarded a government contract valued at up to $326 million by the Biomedical Advanced Research and Development Authority (BARDA) for the development of new vaccines and therapeutics against COVID-19. The U.S. Department of Health and Human Services (HHS) will fund up to 70% of Regeneron's costs. This falls under Regeneron and BARDA's ongoing agreement from 2017 to develop a portfolio of antibodies targeting up to 10 pathogens that pose a significant public health risk.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 8:43 pm

G

GEHC

Genpact has announced that it will streamline the US leasing and lending operations for GE Healthcare using its AI-powered platform, Genpact Cora. This move is expected to improve efficiency and customer experience.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:31 pm

DOV

Dover Fueling Solutions (DFS), a part of Dover Corporation (NYSE:DOV), has announced a partnership with GRUBBRR, a provider of self-ordering technology. The partnership will launch a self-ordering solution, DX Market™ powered by GRUBBRR, within the DFS Anthem UX™ platform on the Wayne Ovation® fuel dispenser. The collaboration aims to increase revenue for fuel retailers by offering customers the convenience of ordering food and shopping for products while pumping gas.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 8:19 pm

VICI

VICI Properties Inc. has provided a mortgage financing of $140,135,000, secured primarily by Canyon Ranch Tucson and Canyon Ranch Lenox. The financing is part of the VICI-Canyon Ranch Growth Partnership, where VICI has the option to purchase the real estate assets of both Canyon Ranch locations. The proceeds from the mortgage financing were used to refinance Canyon Ranch's existing CMBS secured by these two assets.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 8:18 pm

UPS

Teamsters Union has reached an agreement with UPS for the creation of 7,500 new full-time jobs and the fulfillment of 22,500 open positions.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:15 pm