Streetbeat News

Partnerships

TMC

The Metals Company (TMC) has commented on the International Seabed Authority (ISA) Council's decision to continue the development of rules, regulations, and procedures (RRPs) for seafloor resource exploitation. TMC's subsidiary, Nauru Ocean Resources Inc. (NORI), plans to submit an application for a plan of work for exploitation once these RRPs are in place. TMC's CEO, Gerard Barron, expressed disappointment at the delay in adopting the RRPs but remains optimistic about the future of commercial-scale nodule collection.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:36 pm

TEVA

Alvotech and Teva Pharmaceuticals have agreed to expand their existing strategic partnership agreement. This news has led to an increase in Alvotech's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:34 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) and LGCY Power have announced a partnership to expand solar, battery, and EV charger product deployments across the United States. LGCY Power, one of the fastest growing residential solar installers in the US, will expand deployments of Enphase Energy Systems powered by IQ8 Microinverters and IQ Batteries, as well as Enphase electric vehicle (EV) chargers. LGCY Power also plans to utilize Solargraf, Enphase's cloud-based design and proposal software platform.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 12:24 pm

TWKS

Thoughtworks has announced a partnership with The Modern Data Company to pursue AI initiatives. This news has led to an increase in the trading of Thoughtworks shares.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:22 pm

CTSH

GILD

Cognizant has secured a deal to manage Gilead's global IT infrastructure, platforms, applications, and advanced analytics. The agreement includes renewal and expansion of Cognizant services for up to $800M over the next five years.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:13 pm

MULN

Mullen Technologies, Inc. (MULN) has partnered with the Shoshoni Native American Tribe to pilot its commercial electric vehicles (EVs) at Harrah's Northern California Casino. This partnership aligns with the tribe's commitment to a greener future.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:11 pm

AEMD

Aethlon Medical has entered into a collaboration agreement with 34 Lives to evaluate the ability of Hemopurifier. The financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:06 pm

CTSH

GILD

Cognizant and Gilead Sciences have extended their partnership with a five-year service agreement estimated at $800 million. Under the agreement, Cognizant will manage Gilead's global IT infrastructure, platforms, applications, and advanced analytics, and lead initiatives designed to accelerate its digital transformation.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:03 pm

AIXI

Xiao-I has secured a contract for an AI contact center project with Chinese Aviation Group. The partnership aims to enhance the aviation group's service provision capabilities and drive its digital transformation. The terms of the contract were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 12:02 pm

NVDA

TSM

Nvidia Corp's stock traded higher amid reports of a potential sales rebound for supplier Taiwan Semiconductor Manufacturing Company Ltd (TSMC) in 2024. Despite a slump in consumer electronics demand, strong demand for AI chips from Nvidia and peers is expected to trigger the rebound. Additionally, discussions over easing China's semiconductor policy could unlock additional value for Nvidia.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 11:46 am