Streetbeat News

Partnerships

LDOS

Leidos has entered into a strategic collaboration with Permion to accelerate the use of AI in critical national security mission sets. This partnership is expected to enhance Leidos' capabilities in AI and machine learning, potentially leading to new contracts and increased revenues.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 10:01 pm

TELL

Tellurian's LNG Sale and Purchase Agreement with Gunvor Singapore Pte Ltd, dated May 27, 2021, was terminated on August 1 due to the parties' inability to agree on the commercial terms of an amendment.

Portfolio Pulse from Charles Gross

August 07, 2023 | 9:21 pm

DVN

WaterBridge NDB LLC, a portfolio company of Five Point Energy LLC, has formed a strategic partnership with WPX Energy Permian, LLC, a subsidiary of Devon Energy Corp. (NYSE:DVN). The partnership will result in the largest private water infrastructure system in the Stateline region of the Delaware Basin. As part of the transaction, Devon has committed all of its produced water within a large area of mutual interest and received a 30% equity interest in NDB Midstream.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 9:08 pm

DDD

3D Systems (NYSE:DDD) and Theradaptive have entered a commercial agreement, with 3D Systems becoming Theradaptive's exclusive 3D printing partner. The partnership aims to promote bone and tissue growth using Theradaptive's unique protein-based material-binding variants to coat 3D Systems' 3D-printed medical devices. 3D Systems has also invested $8 million in Theradaptive.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 8:54 pm

CRDF

PFE

Cardiff Oncology (NASDAQ:CRDF) has announced plans to advance its lead program to the first-line setting of metastatic colorectal cancer (mCRC) and conduct its new CRDF-004 trial with study execution support from Pfizer Ignite. The company's cash position on June 30, 2023, was $89.4 million, sufficient to fund operations into 2025 and through interim topline results from the mCRC trial. The company estimates that there are 48,000 new patients in the U.S. annually in the first-line RAS-mutated mCRC setting for whom there are no ongoing clinical trials and no new treatments approved in the past 20 years.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:41 pm

BW

Babcock & Wilcox (B&W) has agreed to sell carbon-negative hydrogen and CO2 produced from biomass at its Louisiana plant to General Hydrogen Corp., a CGI Gases subsidiary. The hydrogen will be produced using B&W's BrightLoop technology, with production expected to start in mid-2026. General Hydrogen will purchase and transport up to 15 tons of hydrogen per day, while CGI Gases will purchase and transport the captured CO2. The deal also represents a geographic expansion for General Hydrogen Corp. and CGI Gases.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:36 pm

NEE

NUE

Nucor Corporation (NYSE:NUE) has signed a Power Purchase Agreement (PPA) for 250 megawatts of renewable energy from Sebree Solar, a subsidiary of NextEra Energy Resources (NYSE:NEE). The project, located in Kentucky, will have a capacity of up to 400 megawatts and is set to begin construction in Fall 2023. The steel for the project will be sourced from Nucor Steel Gallatin. The agreement advances Nucor's sustainability strategy and complements a wind-powered PPA that Nucor entered into in 2021.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 7:52 pm

TLLTF

Roz McCarthy, founder and CEO of Minorities for Medical Marijuana (M4MM) and owner of Black Buddha Cannabis (BBC), urged potential investors in the cannabis industry to scrutinize claims made by organizations, regardless of where these assertions appear. BBC partnered with TILT Holdings (OTCQX:TLLTF) last October. McCarthy emphasized the importance of transparency and verification in the rapidly evolving sector.

Portfolio Pulse from Joana Scopel

August 07, 2023 | 6:56 pm

PLL

TSLA

Atlantic has signed a deal to supply lithium to Piedmont Lithium, which in turn plans to supply Tesla with lithium until Tesla's own North Carolina mine opens.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 5:31 pm

GENI

The NFL and Genius Sports have altered the payment terms of their agreement, extending their exclusive data rights deal through the 2027-28 season. Instead of the NFL collecting 4 million warrants in Genius Sports for two of the three years of the extension, the league will be paid in cash. The exact dollar amount of the deal was not disclosed. Genius Sports' stock has fallen about 50% since the deal was reached.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 4:44 pm