Streetbeat News

Partnerships

PLTR

J.D. Power, a data and analytics company, has announced a collaboration with Palantir Technologies Inc. (NYSE:PLTR) to develop AI and predictive analytics solutions for the automotive industry. The collaboration will integrate J.D. Power's automotive datasets with Palantir's Foundry and AIP to create new analytics models and workflow solutions. The combined capabilities will help address auto industry issues and facilitate collaboration between automakers and industry regulators.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:22 pm

LLY

The European Commission has approved Jardiance (Empagliflozin), a drug developed in partnership by Boehringer Ingelheim and Eli Lilly, for use in adults with chronic kidney disease.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:18 pm

MRK

PDSB

PDS Biotechnology's abstract detailing immune response data from the VERSATILE-002 Phase 2 trial of PDS0101 combined with Merck's Keytruda, in head & neck cancer has been accepted for presentation at the ESMO Congress 2023.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:16 pm

NVACF

SNDL

SNDL Inc. and Nova Cannabis Inc. have announced a further extension of the closing date for their strategic partnership due to continued review by a provincial regulator. The transaction is now expected to close on or before August 25, 2023, subject to regulatory approval and mutually satisfactory amendments to certain terms. The maturity date of Nova's revolving credit facility with SNDL has also been extended to the same date.

Portfolio Pulse from Vuk Zdinjak

July 25, 2023 | 12:14 pm

UNIT

Uniti Group Inc. (NASDAQ:UNIT) has signed a long-term contract with a global internet provider to offer long-haul dark fiber connectivity across two key U.S. routes. The deal, worth approximately $35 million, will connect 12 cities across the Midwest and the Southeast, and includes over 7,000 fiber strand miles. Uniti will also add a new presence in a Detroit data center and establish a new Point of Presence in Cleveland.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:12 pm

AAPL

INTC

NVDA

TSM

Nvidia Corp's stock is trading higher following news that Taiwan Semiconductor Manufacturing Company Ltd (TSMC), a supplier to Nvidia and Apple Inc, plans to invest T$90 billion ($2.87 billion) in an advanced packaging facility in Taiwan. This move is expected to double TSMC's capacity for advanced packaging, easing the supply crisis by the end of 2024. Analysts believe Nvidia will benefit significantly from the AI boom. Additionally, the German government plans to invest €20 billion ($22.15 billion) in the semiconductor industry, with Intel Inc and TSMC planning to develop chip-making plants in the country.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 12:10 pm

BWMN

Bowman has been awarded a $1.4 million contract by J. Ranck Electric to provide engineering services on a 200 MW solar array.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 12:08 pm

G

MSFT

Genpact has partnered with Microsoft to equip its workforce with generative AI tools. The company will leverage Microsoft Azure OpenAI Service technology to enhance the speed-to-market of solutions that help companies use data and AI's power to drive actionable business insights.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:08 pm

CRVL

Symbeo, a subsidiary of CorVel Corporation, has launched a new Payments solution as part of its Accounts Payable Invoice Automation offering. The product, developed in partnership with Corpay, aims to streamline the payment process, expand working capital, and reduce costs by eliminating manual processes.

Portfolio Pulse from Charles Gross

July 25, 2023 | 11:25 am

HYMTF

Hyundai Motor Company has inaugurated a Joint Battery Research Center with Seoul National University (SNU). The partnership aims to advance battery technologies and will undertake 22 joint research projects, including lithium metal and solid-state batteries. Hyundai will invest over KRW 30 billion by 2030 to facilitate research at the center.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 11:05 am