Streetbeat News

Partnerships

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

UPS

All supplemental agreements with UPS have been ratified, except for the Local 769 LAI Supplement which covers 174 members in Florida.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:13 pm

TPIC

TPI Composites, Inc. (NASDAQ:TPIC) has partnered with Navistar, Inc. to develop an all composite cab, trailer box, and aero package for the International SuperTruck II. The project, co-funded by the U.S. Department of Energy and Navistar, resulted in a Class 8 vehicle that demonstrates the future of hybridization and aerodynamics. The use of composites led to significant weight reduction and design flexibility, with the SuperTruck II shedding 500 lbs. compared to its predecessor.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:10 pm

CELC

Celcuity has entered into a clinical trial collaboration and supply agreement with Bayer. Under the agreement, Bayer will provide Nubeqa for Celcuity's planned Phase 1b/2 clinical trial.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:07 pm

APO

Apollo (NYSE:APO) has appointed David Moffatt as Chair of its operations in Australia and New Zealand. Moffatt, a long-time Apollo advisor, brings over 30 years of leadership experience to the role. The appointment comes as Apollo continues to expand its asset management and retirement services capabilities in the region. Apollo sees significant opportunity to expand non-bank and hybrid origination in the region, and to enhance retirement and investment portfolios through alternatives.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 8:00 pm

PTON

Peloton is initiating a new strategy to partner with colleges, starting with a co-branding deal with the University of Michigan. The deal will see Peloton bikes being brought to football sidelines.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 7:04 pm