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Partnerships

JOBY

Joby Aviation, Inc. (NYSE:JOBY) has received a Special Airworthiness Certificate for the first aircraft built at its Pilot Production Line in Marina, California, allowing flight testing to begin. The aircraft is expected to be the first ever eVTOL aircraft to be delivered to a customer. The production line and aircraft were built in collaboration with strategic partner and investor, Toyota. Joby plans to begin commercial passenger operations in 2025 and recently partnered with Delta Air Lines for seamless, emissions-free travel for Delta customers.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:10 pm

SNPS

SSNLF

Synopsys, Inc. (SNPS) and Samsung Foundry are expanding their collaboration to accelerate the design of 2.5D and 3D multi-die systems on Samsung's advanced process technologies. The collaboration aims to address the requirements of multi-die systems for high-performance computing, AI, automotive, and mobile applications. The partnership will provide a combination of certified EDA reference flows, including Synopsys 3DIC Compiler and UCIe IP for die-to-die connectivity, to speed up the development of multi-die systems on Samsung Foundry's 5nm, 4nm, and 3nm processes.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:09 pm

MSFT

ORCL

SAP

SAP SE CEO, Christian Klein, has expressed optimism about the growth potential of generative AI technology, which he believes could boost SAP's $500 billion addressable market. SAP plans to deepen its collaboration with Microsoft in joint generative AI projects, particularly in personnel recruiting. Meanwhile, Oracle Corp has announced the addition of generative AI-powered capabilities within its Fusion Cloud Human Capital Management, supported by the Oracle Cloud Infrastructure generative AI service.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 12:09 pm

NVRI

Enviri Corporation (NYSE:NVRI) has secured two separate three-year renewal contracts with Ternium Monterrey and Ternium Largos Norte, two of the largest steel manufacturers in the Americas. The contracts, worth a combined $88 million, will see Harsco Environmental, a division of Enviri, continue to provide a range of services to both sites, including Slag Pot Carrying, Slag Processing, Metal Recovery, Scrap Management, and Raw Material Handling.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:08 pm

KD

VRSK

Kyndryl has implemented a suite of technology services for ClaimSearch Israel Ltd., a subsidiary of Verisk, to enhance insurance fraud detection. The solution leverages Kyndryl’s computing resources and Verisk’s expertise to analyze new auto claims and detect fraud indications. The system allows users to authenticate details provided by the insurance applicant, compare them to database information, and use advanced tools for data investigation. Kyndryl also provides 24/7 managed NOC and SOC services to support the system.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:07 pm

LCID

Lucid Group's CEO, Peter Rawlinson, announced a deal with Aston Martin for EV technology, indicating that this is just the beginning for Lucid's business expansion.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:06 pm

SVRE

IVECO and SaverOne have signed a side-letter related to the Memorandum of Understanding (MOU) of October 2022, outlining their upcoming plans for further collaboration.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:39 am

OPK

PFE

The FDA has approved the NGENLA (somatrogon-ghla) treatment for pediatric growth hormone deficiency, a partnership product of Opko Health and Pfizer. This has led to a rise in Opko Health's shares.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:38 am

AER

AerCap (AER) has announced lease placements with Airlink for three used Embraer E195-E1 aircraft. The first aircraft was delivered in March, and the remaining two are scheduled for delivery in July 2023.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:13 am

CP

CSX

CPKC, CSX and Genesee & Wyoming have reached agreements to create a new direct CPKC-CSX interchange connection in Alabama. As part of the transactions, CPKC and CSX would each acquire or operate portions of Meridian & Bigbee Railroad, a G&W-owned railway in Mississippi and Alabama, to establish a new freight corridor for shippers that connects Mexico, Texas and the U.S. Southeast.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:10 am