Streetbeat News

Partnerships

USDTUSD

Stablecoin issuer Tether (CRYPTO: USDT) has partnered with the Government of Georgia to develop the country's blockchain ecosystem. The collaboration aims to attract global investments and stimulate the growth of blockchain start-ups in Georgia. Tether plans to set up a specialized fund to support local start-ups in the development of blockchain technologies. The partnership also includes cooperation in the educational field and the establishment of a robust and independent communication and financial system.

Portfolio Pulse from Murtuza Merchant

June 28, 2023 | 1:45 pm

NOC

Northrop Grumman Corporation has launched a training program for the Integrated Battle Command System (IBCS) for Polish soldiers, two years ahead of schedule. The system will enable Poland to quickly field the transformational integrated command and control capabilities of IBCS. The training system, known as Air Defense Reconfigurable Trainer (ART), is configurable to support multiple missions and accelerates training speed and efficiency while reducing potential cost.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:31 pm

RCAT

Red Cat Holdings' subsidiary, Teal Drones, has won an additional $1.2 million to continue developing a new sUAS prototype for the U.S. Army's Short Range Reconnaissance (SRR) program. This brings the total funding for Teal's participation to $2.7 million. Teal is one of only three vendors competing in the final tranche of the SRR program. The news has led to a 10.14% increase in Red Cat's premarket shares.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 1:29 pm

SNOW

Snowflake Inc (NYSE:SNOW) shares are volatile following positive reactions from analysts to announcements made at the Snowflake Summit 2023. The company announced partnerships with Microsoft and Nvidia for new product integrations across AI. Multiple analysts raised price targets and maintained bullish ratings. Snowflake also achieved U.S. Department of Defense Impact Level 4 authorization on Amazon Web Services GovCloud.

Portfolio Pulse from Adam Eckert

June 28, 2023 | 1:23 pm

BLNK

TSLA

Blink Charging has announced that it will incorporate the National Association of Convenience Stores (NACS) into its entire product line, expanding electric vehicle charging accessibility.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:20 pm

SPIR

Spire Global, Inc. (NYSE: SPIR) has signed a deal with OroraTech to launch and operate an eight-satellite constellation for global temperature monitoring and wildfire tracking. The satellites, set to launch in mid-2024, will provide early detection of wildfire hot spots. The data collected will be delivered to OroraTech via an API. The financial terms of the deal were not disclosed.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 1:11 pm

MLNK

PortX has announced a partnership with MeridianLink (MLNK) to enhance digital lending for financial institutions. The partnership aims to improve the lending process by integrating PortX's solutions with MeridianLink's platform.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:10 pm

JOBY

Joby Aviation Inc (NYSE:JOBY) shares are trading higher after the company announced it received a permit to fly its first production aircraft. The company also appointed Tetsuo Ogawa, president and CEO of Toyota Motor North America, to its board. Toyota has invested $400 million in Joby over the last three years. Joby plans to begin commercial passenger operations in 2025.

Portfolio Pulse from Adam Eckert

June 28, 2023 | 1:06 pm

INVZ

Innoviz and LOXO have expanded their partnership to deploy autonomous, zero-emission delivery vehicles using InnovizOne LiDAR technology. This move is expected to strengthen Innoviz's position in the autonomous vehicle market.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:05 pm

CTSH

NOW

Cognizant and ServiceNow have announced a strategic partnership aimed at accelerating the adoption of AI-driven automation. The partnership will integrate Cognizant's AI-led Neuro suite of platforms with ServiceNow's intelligent platform for end-to-end digital transformation. The collaboration is expected to build a combined $1 billion business. Cognizant is ServiceNow's lead launch partner for end-to-end observability solutions for cloud applications across industries.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:03 pm