Streetbeat News

Partnerships

VLVLY

WPRT

Volvo and Westport Fuel System have signed a letter of intent to establish a joint venture aimed at reducing CO2 emissions from long-haul transport. The partnership will leverage Westport's high-pressure direct injection technology to develop next-generation engines.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:50 am

TCNNF

Trulieve Cannabis Corp. (OTC: TCNNF) has filed a lawsuit against Harvest of Ohio and Harvest Grows, alleging unpaid debts of nearly $25 million. The lawsuit comes less than two years after a billion-dollar merger between Trulieve and Harvest Health & Recreation (HHR). The companies partnered with Trulieve and HHR due to their pledge to support diversity, equity, and inclusion (DEI). However, Harvest of Ohio and Harvest Grows accuse Trulieve and HHR of undermining their DEI pledge and using aggressive business strategies.

Portfolio Pulse from Maureen Meehan

July 19, 2023 | 5:11 am

INTC

Intel (INTC) and ASUS have agreed to a term sheet for the manufacturing, selling, and support of the 10th to 13th Gen NUC Systems product line.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:16 am

GOOGL

META

MSFT

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg announced plans to open-source the company’s latest AI technology, LLaMA 2, to developers and software enthusiasts for free. This move could help Meta compete with rivals like Google (NASDAQ:GOOGL) and ChatGPT. Meta and Microsoft (NASDAQ:MSFT) have partnered to make LLaMA 2 open-source, allowing it to operate on Microsoft’s Azure cloud services.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 4:08 am

PHRRF

PharmaTher Holdings (OTCQB:PHRRF) and the Terasaki Institute for Biomedical Innovation have reported positive outcomes from their research on a novel microneedle patch for the delivery of DMT. The study aimed to develop a suitable prototype of PharmaPatch for DMT’s transdermal delivery. The company will work with its research partner PharmaDrug Inc., and invest $227,700 in PharmaDrug's subsidiary, Sairiyo Therapeutics, for a 49% ownership.

Portfolio Pulse from Lara Goldstein

July 18, 2023 | 9:45 pm

AAL

UAL

The pilot union of American Airlines has stated that the contract deal with American Airlines is in jeopardy following the pilot deal of United Airlines. The United Airlines pilot deal has altered the playing field and opened the door to improve American's contract deal.

Portfolio Pulse from Charles Gross

July 18, 2023 | 8:52 pm

STER

ID.me and Sterling have extended their exclusive agreement through July 2028, focusing on expanding identity verification solutions. The agreement was initially established in January 2021, demonstrating the commitment of the two market leaders to meet the growing need for innovative identity solutions for US employers.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:23 pm

CC

HON

Chemours and Honeywell have partnered with authorities in the European Union to stop illegal imports of refrigerant in Greece. The operation aims to protect the Intellectual Property (IP) of refrigerant innovations owned by both companies and to detect and confiscate illegal F-gases.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:19 pm

WEST

Westrock Coffee Company (NASDAQ:WEST) has announced an additional $25 million equity investment through the purchase of 2.5 million shares of common stock at $10 per share by the Arkansas Teacher Retirement System (ARTRS). This is an incremental investment over the $75 million equity investment announced on June 30, 2023. The investments are expected to close in August 2023 and will support the company's expansion plans.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:16 pm

QGEN

QIAGEN (NYSE:QGEN) has announced the expansion of its digital PCR (dPCR) offering for the development of cell and gene therapies in the biopharma industry. The company has partnered with Niba Labs to offer customized digital PCR assay design services to biopharma customers and also launched the new CGT Viral Vector Lysis Kit. The partnership will allow QIAcuity customers to use the combined expertise of both companies to develop new custom simplex or multiplex assays for the quantification of nucleic acids and to optimize existing qPCR assays for the use in digital PCR.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:15 pm