Streetbeat News

Partnerships

AMZN

CVS

Blue Shield of California is reportedly planning to drop CVS Health's Caremark in favor of Amazon and Mark Cuban's Cost Plus Drug Company. This has led to a decrease in the stock prices of several healthcare companies.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:57 pm

PRST

Presto Automation Inc. (NASDAQ:PRST) has signed agreements with 13 QSR franchise groups, representing over 500 locations nationwide. All franchisees have committed to deploying Presto Voice, Presto's proprietary drive-thru automation solution. The company estimates the serviceable addressable market for this space to be $2.25B in the U.S. alone. Presto Voice customers have seen check size increases of up to 6%, labor redeployment to accelerate service speed, and upselling up to 4X higher than human order-takers.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:23 pm

ILMN

Illumina Inc. (NASDAQ:ILMN) has announced the opening of a new office and state-of-the-art Illumina Solutions Center in Bengaluru, India. The expansion comes after 16 years of partnership with Premas Life Sciences in India. The new facility will help grow the genomics market in India, which is recognized as the most populous country in the world. Illumina has also supported initiatives to increase access to sequencing capability in India, including philanthropic funding with the Bill & Melinda Gates Foundation and the Rockefeller Foundation to support COVID-19 surveillance.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:22 pm

AGRX

Agile Therapeutics (NASDAQ:AGRX) reported strong Q2 results with significant revenue growth from its birth control patch, Twirla. Net revenue from Twirla reached $5.5 million, a 44% increase over the previous quarter and a 159% increase over Q2 2022. The company also reported a decrease in operating expenses, which helped widen its gross margin. Agile is focusing on expanding access to Twirla through strategic partnerships and reaffirmed its net annual revenue target of $25 to $30 million for 2023.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:16 pm

PL

Planet Labs PBC (NYSE:PL) has won a seven-figure annual contract with a Ministry of Foreign Affairs in Asia for its global daily monitoring solution. The contract was won through one of Planet's partners in the region. The company's solution provides wide-area coverage, supporting customers with daily monitoring of entire countries.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:15 pm

SINT

3DCERAM Sinto Inc. and SINTX Technologies, Inc. (NASDAQ:SINT) have announced a collaboration to develop multiple novel resins and processes for the additive manufacturing of ceramic products. The collaboration is focused on the biomedical and investment casting industries. The companies aim to leverage their existing expertise to produce unique, high-value resins, 3D print ceramic components, and subject those components to advanced thermal processing.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:13 pm

HII

Huntington Ingalls Industries (HII) has received an order to build two REMUS 620 unmanned underwater vehicles for the National Oceanic and Atmospheric Administration. The vehicles will be built in partnership with W.S. Darley & Co and are expected to be delivered in 2024.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:11 pm

EVC

Entravision Communications Corporation (NYSE:EVC) has extended its partnership with the NFL for the 9th consecutive season to provide exclusive national Spanish radio broadcast rights for the 2023-24 season. The company will broadcast 51 prime NFL games in Spanish across its US owned-and-operated radio stations and through affiliate partnerships. The coverage will include all Sunday Night Football and Monday Night Football games, and will continue through the postseason, culminating with Super Bowl LVIII.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:10 pm

BE

Bloom Energy (NYSE:BE) has installed the first phase of a 10 megawatt (MW) solid oxide fuel cell contract with Unimicron Technology Corp., a chip substrate and printed circuit board maker in Taiwan. The installation was delivered within five months from order and commissioned within three weeks from delivery. The first 600 kilowatt (kW) Energy Server was installed at a Unimicron plant, providing clean, reliable power to Unimicron's clean rooms and mission-critical operations. Taiwan is the fourth Asian country to deploy Bloom fuel cell systems.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:09 pm

BHB

SEIC

SEI (NASDAQ:SEIC) has extended its strategic partnership with Bar Harbor Bank & Trust through March 2028. The partnership aims to support Bar Harbor Wealth Management's growth and expanded offering to their clients through the SEI Wealth Platform and business process outsourcing solution. The collaboration has evolved from delivering a technology-only solution to supporting the trust and wealth management consolidation into Bar Harbor Wealth Management.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:08 pm