Streetbeat News

Partnerships

GD

SPY

TUR

U.S Secretary of State Blinken has had discussions with Congress, including Senator Menendez, regarding the sale of F-16 jets to Turkey. The companies and ETFs potentially impacted by this news include General Dynamics (GD), SPDR S&P 500 ETF Trust (SPY), and iShares MSCI Turkey ETF (TUR).

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 6:04 pm

LNZA

PARIS:TE

Technip Energies (PARIS:TE) and LanzaTech Global, Inc. (NASDAQ:LNZA) have signed a Joint Collaboration Agreement to develop a sustainable ethylene production process. The process uses carbon emissions as the starting point, capturing up to 95% of the CO2 in the flue gas from ethylene crackers and transforming it into ethylene. This could help decarbonize one of the most challenging processes in the chemical industry.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 5:12 pm

PSFE

Paysafe Ltd (NYSE:PSFE) has expanded its existing partnership with International Capital Markets to enhance payment offerings in Latin America. This will allow traders in several Latin American countries to access Paysafe's diverse portfolio of payment options to fund their forex trading accounts. This follows an initial deal in 2018 where IC Markets integrated with Paysafe's payments API for European traders. In May, PSFE reported a 5% YoY revenue growth to $387.85 million, beating the consensus of $377.43 million.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 5:02 pm

DTRUY

TM

Toyota Motor Corp (NYSE:TM) is reportedly planning to shift its focus to selling hydrogen-powered trucks and cars in Europe and China, as part of its ambition to sell 200,000 hydrogen fuel-cell vehicles by 2030. This marks a shift in the automaker's growth focus from passenger cars sales and the North American market. Toyota and Daimler Truck Holding (OTC:DTRUY) have collaborated on developing hydrogen and other CASE technologies. Toyota expects the global fuel cells market growth to be about $35 billion by 2030.

Portfolio Pulse from Shivani Kumaresan

July 11, 2023 | 4:51 pm

BGNE

NVS

BeiGene Limited (NASDAQ:BGNE) shares are trading lower after the company mutually agreed to terminate a licensing deal with Novartis A/S (NYSE:NVS) and regained global rights to develop, manufacture and commercialize ociperlimab. The companies are also collaborating to develop another oncology candidate, tislelizumab, with Novartis securing development and commercialization rights in North America, Europe, and Japan.

Portfolio Pulse from Vandana Singh

July 11, 2023 | 4:45 pm

KSCP

Knightscope's shares are trading higher following the announcement that Georgia State University has chosen Knightscope Authorized Partner TS&L to supply and install K1 Blue Light Towers and Call Boxes at its downtown Atlanta campus.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 4:41 pm

AAPL

Tata Group is reportedly set to acquire an Apple Inc iPhone supplier factory in India from Wistron Corporation. The factory, valued at over $600 million, currently assembles the iPhone 14. Tata Group plans to uphold Wistron's commitments to deliver iPhones worth $1.8 billion by March 2024 and triple its workforce by next year. This could lead to more global firms manufacturing in India, reducing their dependence on China.

Portfolio Pulse from Shomik Sen Bhattacharjee

July 11, 2023 | 4:05 pm

IMXUSD

SimWin Sports, a virtual sports league for daily fantasy and esports, has announced a strategic partnership with Immutable, a leading Web3 gaming platform. The partnership aims to expand SimWin's presence in the Web3 gaming space, with Immutable providing strategic advisory, marketing assistance, community building, and virtual asset drops. SimWin Sports, which uses AI and machine learning for simulations, offers a blockchain experience for sports fans with virtual football contests. The company is backed by sports legends including Magic Johnson, who is also an investor.

Portfolio Pulse from Chris Katje

July 11, 2023 | 4:00 pm

FDX

FedEx Innovation Lab (FIL) has invested in Vue.ai, a company that powers AI transformation for large enterprises. The collaboration aims to use advanced technology and data-driven insights to create smarter supply chains and deliver greater value for customers. The partnership will also help expand FedEx's advanced digital capabilities globally.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:32 pm

DDD

OERLF

SSYS

3D Systems Corp (NYSE:DDD) has announced a partnership with OC Oerlikon Corp AG, Pfaffikon (OTC:OERLF) to boost scale metal additive manufacturing in high-criticality industries such as semiconductors and aerospace. As part of the deal, Oerlikon AM will acquire its fourth 3D Systems DMP Factory 500 system. Last month, 3D Systems offered an enhanced acquisition proposal to Stratasys Ltd. (NASDAQ:SSYS).

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 3:04 pm