Streetbeat News

Partnerships

KEN

Kenon Holdings Ltd.'s subsidiary OPC Energy Ltd. has won a tender conducted by the Israel Land Authority to design renewable energy electricity generation facilities using photovoltaic technology. OPC has paid $26.1 million, constituting 20% of the total consideration for the lease rights. The project aims to generate electrical power utilizing photovoltaic technology with an estimated cumulative capacity of approximately 245 MW.

Portfolio Pulse from Charles Gross

August 01, 2023 | 10:22 am

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) has been selected by the Department of Defense to support coordination between federal and commercial licensees of the 3450-3550 MHz spectrum band. The financial terms of the deal were not disclosed. The government segment is a major revenue earner for Palantir, contributing 55% or $289 million to the total revenue in Q1 2021. Palantir's stock has been on a rise since it was initiated with a bullish recommendation by Wedbush analyst Daniel Ives.

Portfolio Pulse from Shanthi Rexaline

August 01, 2023 | 7:51 am

ALB

Patriot Battery Metals has entered into a subscription agreement for a private placement of approximately C$109M by Albemarle Corporation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 5:43 am

META

TSLA

Texas Senator John Cornyn visited Tesla's Gigafactory in Texas and met with CEO Elon Musk. They discussed various topics including AI, supply chains, SpaceX, and China. The Gigafactory, which is the second largest manufacturing facility in the U.S., employs 10,000 Texans. Cornyn and Musk have been supportive of each other, with Musk having moved to Texas and relocated Tesla's headquarters there in 2021.

Portfolio Pulse from Anan Ashraf

August 01, 2023 | 4:59 am

NKLA

Nikola Corporation has started production of its hydrogen fuel cell electric truck, which has a range of up to 500 miles. The truck is expected to provide up to 536 horsepower and have a fuel time of 20 minutes or less. Earlier, Nikola announced an agreement with J.B. Hunt Transport, Inc to purchase 13 Nikola zero-emission Class 8 EV trucks, including three hydrogen fuel cell Nikola electric vehicles.

Portfolio Pulse from Anan Ashraf

August 01, 2023 | 2:29 am

UBSFF

Ubisoft Entertainment SA's upcoming game 'Assassin’s Creed Mirage' will take players an average of 20 to 24 hours to complete, signaling a return to the franchise's older, classic style. The game features a smaller map, focusing on a single city. Ubisoft has also partnered with Spanish company OWO to create a haptic feedback vest for the game. The game is set to be released on October 12.

Portfolio Pulse from Franca Quarneti

July 31, 2023 | 10:02 pm

EBS

Emergent Biosolutions has been awarded a 10-year contract by BARDA for the development of an Ebola treatment, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 9:50 pm

CDTX

Cidara Therapeutics has announced that its commercial partner has initiated the commercial launch of REZZAYO, a new drug in their portfolio.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 9:20 pm

INTS

PRTG

Portage Biotech Inc. (NASDAQ:PRTG) reported a net loss of $104.7 million for the fiscal year ended March 31, 2023, compared to a net loss of $19.2 million for the previous year. The company also announced progress in its clinical programs, including the dosing of the first patient in its adaptive Phase 1a/1b trial, ADPORT-601, evaluating PORT-6, an adenosine 2A receptor antagonist candidate. Portage has also entered into a clinical collaboration agreement with Merck for the evaluation of PORT-2, in combination with KEYTRUDA, Merck's anti-PD-1 therapy.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 9:15 pm

FLR

Fluor Corporation (NYSE:FLR) announced that its joint venture, Lone Star Constructors, has been selected as the contractor for the Interstate 35 (I-35) Northeast Expansion (NEX) South Project in San Antonio, Texas. The contract, worth approximately $700 million, is expected to be recognized in Q2 of 2023. Construction is set to begin in 2024 and be completed in 2028.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 9:02 pm