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Partnerships

DIS

DKNG

PENN

DraftKings Inc (NASDAQ:DKNG) shares dropped following an exclusive online sports betting deal between PENN Entertainment Inc (NASDAQ:PENN) and ESPN, a Walt Disney Co's (NYSE:DIS) company. The deal gives Penn exclusive rights to the ESPN Bet trademark for online sports betting in the U.S. for an initial 10-year term. Penn also sold 100% of the Barstool Sports common stock back to Dave Portnoy. Despite the initial sell-off, analysts upgraded DraftKings from Underweight to Neutral and raised the price target.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 1:22 pm

CBT

Cabot Corporation (NYSE:CBT) has joined the U.S. Department of Energy's (DOE's) Better Plants program, a voluntary partnership aimed at improving energy efficiency across the U.S. industrial sector. Cabot expects the partnership to help advance its energy efficiency performance and support its goal of achieving net zero emissions by 2050. All of Cabot's U.S.-based manufacturing sites are part of the program. The company has recently exceeded its 2025 global sustainability goal of exporting 200% of the energy it imports.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:16 pm

CCLD

Alternative Integrative Medicine Health (A.I.M. Health) has selected CareCloud's technology-enabled revenue cycle management to enhance patient experience and expand its services. The collaboration will allow A.I.M. Health to enter the primary care market and improve their revenue management processes. CareCloud's solutions will also streamline billing, reduce administrative burdens, and optimize revenue capture for A.I.M. Health.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:12 pm

PFE

The National Comprehensive Cancer Network (NCCN) has announced research funding for biomarker-directed therapy in metastatic colorectal cancer. This initiative is in collaboration with Fight CRC and Pfizer Inc. (PFE).

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:09 pm

AMZN

VLVLY

Eicher Trucks and Buses, a joint venture between Volvo Group (OTC:VLVLY) and Eicher Motors, has signed a deal with Amazon.com Inc (NASDAQ:AMZN) to provide 1,000 electric trucks for Amazon's delivery fleet in India over the next five years. The initiative will start with the deployment of 50 Eicher electric trucks in Delhi, Manesar, and Gurugram. Amazon aims to incorporate 10,000 EVs into their delivery fleet by 2025.

Portfolio Pulse from Shomik Sen Bhattacharjee

August 09, 2023 | 12:52 pm

PENN

PENN Entertainment reported better-than-expected Q2 financial results and announced an exclusive U.S. online sports betting agreement with ESPN. This has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:50 pm

AGEN

SaponiQx has announced successful production of STIMULON cpcQS-21, a cultured plant cell adjuvant with confirmed biochemical comparability to traditional bark extract-derived adjuvant. The company has submitted a Master File for STIMULON cpcQS-21 to the U.S. FDA for reference by partners as part of regulatory submissions. SaponiQx is also collaborating with Ginkgo Bioworks to drive innovation in its adjuvant pipeline through generative molecular design.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:40 pm

AIMD

NISD

Ainos, Inc. (NASDAQ: AIMD) has partnered with Nisshinbo Micro Devices Inc. (NISD) and Taiwan Inabata Sangyo Co. (Inabata) to co-develop a volatile organic compound (VOC) sensing platform. The platform will leverage Ainos' AI Nose technology and is intended for use in telehealth, automotive, industrial, and environmental safety applications. Ainos will receive an upfront development fee and per-unit fees, while Inabata will provide business logistics.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:29 pm

MGRX

Mangoceuticals, Inc. (NASDAQ:MGRX) has partnered with the Greater NY Chamber of Commerce (GNYCC) to market and sell its flagship erectile dysfunction drug, Mango, in New York. The partnership is part of Mangoceuticals' nationwide push to drive sales growth and new marketing avenues for its core product portfolio. The GNYCC, which represents over 30,000 business and civic leaders, will provide complimentary access to Mango as part of their new Men's Health & Wellness committee. This move follows Mangoceuticals' recent marketing and sales expansion efforts, including its appointment of Lucky Break PR firm and sponsorship relationships with leading social media and podcast brands.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:25 pm

DKNG

DraftKings shares are trading lower after Penn Entertainment secured an exclusive agreement with ESPN for the ESPN Bet trademark for online sports betting in the U.S. for an initial 10-year term.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:24 pm