Streetbeat News

Partnerships

AMD

QQQ

TSM

Advanced Micro Devices, Inc. (AMD) shares are trading lower by 2.8% potentially due to weakness in the Nasdaq-100 (QQQ) and poor earnings results from Taiwan Semiconductor Mfg. Co. Ltd. (TSM), a key supplier for AMD. This could raise concerns about AMD's future chip supply and production costs, impacting their revenue and profitability outlook.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 2:46 pm

CNDT

Conduent Incorporated (NASDAQ:CNDT) has announced its expansion into digital payment solutions by offering the U.S. Federal Reserve's FedNow Service for instant payments. The service, which is the Federal Reserve's first new payment platform in nearly 50 years, allows for instant, safe, and secure transactions with financial institutions and their customers in the U.S. Conduent is the only Business Process Solutions provider to participate in the FedNow Service launch and the first to offer access to the service to its clients.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 2:42 pm

EWY

NOTE

FiscalNote Holdings, Inc. (NYSE:NOTE) has announced a partnership with the Republic of Korea's Ministry of Foreign Affairs. This is the first-ever collaboration between the Ministry and a commercial provider of policy, regulatory, and legal intelligence. The partnership will leverage FiscalNote's AI capabilities and proprietary data sets to assist the Ministry in responding to rapidly changing international dynamics and domestic policymaking needs. This follows a similar agreement FiscalNote entered into with Korea's National Assembly in December 2022.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 2:18 pm

SCYX

SCYNEXIS, Inc. (NASDAQ:SCYX) and Hansoh Pharmaceutical Group Company Limited (3692.HK) have announced that China's National Medical Products Administration (NMPA) has accepted a New Drug Application (NDA) for oral ibrexafungerp tablets for the treatment of vulvovaginal candidiasis (VVC) in China. The application is based on positive results from Phase 3 studies. SCYNEXIS entered into an agreement with Hansoh Pharma in February 2021 for the development and commercialization rights for oral ibrexafungerp in the greater China region.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:59 pm

BTGOF

GRRR

Gorilla Technology Group Inc's shares are trading higher by over 13% after it announced a strategic deal with BT Group Plc to provide AI-Powered, smart port solutions. The deal combines Gorilla's video analytics expertise with BT's vast network infrastructure to cater to the logistics industry. Earlier this month, Gorilla disclosed a $270 million contract with the Government of Egypt.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 1:56 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) has announced the widespread adoption of their BolaWrap® 150 technology by law enforcement agencies. The BolaWrap® 150 is an upgrade from the BolaWrap® 100, introduced in 2017, and has been adopted by over 100 agencies. The device is a remote restraint device designed to reduce the risk of injury and has been improved based on feedback from front-line officers. The BolaWrap® 150 has several enhancements including electronic deployment, extended battery life, and an improved anchoring system.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:22 pm

RCAT

Red Cat Holdings, Inc. (NASDAQ:RCAT) has announced that its military-grade small unmanned aircraft system (sUAS), the Teal 2, is now available for purchase through the U.S. government's GSA Advantage website. The Teal 2, which recently received clearance from the U.S. Department of Defense (DoD) to be designated as a Blue UAS, is the first sUAS to be equipped with Teledyne FLIR's new Hadron 640R sensor. Red Cat will exhibit the Teal 2 at the Elevate UAV Summit in Miami from July 26-27.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:18 pm

EL

MANU

Estée Lauder (NYSE:EL) has partnered with Manchester United Ltd. (NYSE:MANU) for a skincare campaign. The campaign, which will feature Manchester United's first team players, is expected to engage with the football club's extensive fan base in the Asia Pacific region, including China. The partnership will spotlight Estée Lauder Advanced Night Repair Serum. The news comes as Manchester United's shares are trading higher by 7.11% to $23.64 in the premarket session on the last check Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

July 20, 2023 | 1:18 pm

EGHT

Kubota Tractor Corporation has deployed the 8x8 XCaaS (eXperience Communications as a Service) cloud contact center and unified communications platform provided by 8x8, Inc. (NASDAQ:EGHT). The cloud-based platform offers increased flexibility and ease of use across the organization, allowing Kubota to manage and maintain systems remotely, saving time and money. The platform also provides analytics and reporting capabilities, enabling managers to monitor call quality, wait times, and the number of incoming calls.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:17 pm

AVPT

MSFT

AvePoint (NASDAQ:AVPT) has announced the expansion of its 20-year partnership with Microsoft (NASDAQ:MSFT) by integrating with Microsoft 365 Backup. This integration will enhance AvePoint's Cloud Backup offering, providing a more sophisticated approach to data protection and restoration. AvePoint's selection to work with Microsoft adds to its longstanding relationship, which includes being named a Microsoft Syntex Repository Services launch partner and a host of Partner of the Year Awards.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 1:15 pm