Streetbeat News

Partnerships

KBR

KBR Inc has secured a subcontractor role in a $300 million contract awarded to McCallie Associates, Inc. by NASA. The contract involves providing mission and instrument systems engineering services at NASA's Goddard Space Flight Center and Wallops Flight Facility. KBR shares closed higher by 1.63% at $64.21 on Tuesday.

Portfolio Pulse from Akanksha Bakshi

June 28, 2023 | 12:56 pm

AMD

EWT

Lisa Su, CEO of AMD, and other senior executives are planning to visit Taiwan in mid-July to meet with local supply chain partners and customers, as per industry sources.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:56 pm

TSLA

Volvo Car has announced a deal to allow its electric car drivers to access Tesla Inc.’s network of 12,000 superchargers across the U.S., Canada, and Mexico. Volvo will equip its new cars with a North American Charging Standard (NACS) port from 2025, and current electric-car drivers will be able to access the Tesla network from the first half of 2024 with an adaptor. This follows similar agreements by Ford Motor and General Motors with Tesla.

Portfolio Pulse from Benzinga Newsbot

June 28, 2023 | 12:51 pm

RCAT

Red Cat Holdings' subsidiary, Teal Drones, has secured an additional $1.2 million in funding 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 three vendors competing in the final tranche of the SRR program. The winning vendor will produce a rucksack-portable sUAS to provide Army platoons with a rapidly deployable surveillance and reconnaissance capability.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:47 pm

BENF

Beneficient has entered into a $250M Standby Equity Purchase Agreement (SEPA) with YA II PN. Under the agreement, Beneficient has the right, but not the obligation, to sell to Yorkville.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 12:46 pm

ANSS

SSNLF

Ansys (NASDAQ:ANSS) has achieved certification of its RedHawk-SC and Totem power integrity signoff solutions for Samsung's (SSNLF) latest 2nm silicon process technology. The certification will boost confidence in early adopters of Samsung's technology, creating leading-edge integrated circuits in high-performance computing, smartphones, AI accelerators, data center communication, and graphics processors.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:35 pm

CARM

Carisma Therapeutics (NASDAQ:CARM) has announced the first patient has been dosed in its Phase I clinical trial of CT-0508 in combination with Merck's KEYTRUDA for the treatment of HER2 overexpressing cancers. The trial aims to test the safety and tolerability of the treatment. Pre-clinical data showed improved tumor control and overall survival when both therapies were used together. The patient's cells were manufactured at the Novartis Cell Therapy Site, marking the first clinical product from Carisma's collaboration with Novartis.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:31 pm

ASML

Imec and ASML Holding N.V. (ASML) have signed a Memorandum of Understanding (MOU) to intensify their collaboration in developing a state-of-the-art high-numerical aperture (High-NA) extreme ultraviolet (EUV) lithography pilot line at imec. The pilot line will help industries using semiconductor technologies understand the opportunities that advanced semiconductor technology can bring and have access to a prototyping platform that will support their innovations. The MOU includes the installment and service of ASML's full suite of advanced lithography and metrology equipment in the imec pilot line.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:21 pm

LMT

Sintavia, an additive designer and manufacturer of advanced thermodynamic components for aerospace & defense applications, has received a direct equity investment from Lockheed Martin Corporation (NYSE:LMT). The terms of the investment were not disclosed. The investment will support the continued development of Sintavia's proprietary thermodynamic designs and components. Sintavia and Lockheed Martin have a longstanding collaboration to expand the research of metal additive manufacturing opportunities.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:19 pm

ANSS

SNPS

SSNLF

Ansys (NASDAQ:ANSS) and Synopsys, Inc. (NASDAQ:SNPS) have developed a new reference flow for radio-frequency integrated circuit (RFIC) design with Samsung Foundry for its 14LPU process technology. The reference flow integrates Ansys' electromagnetic analysis with Synopsys' design and verification solution, aiming to optimize RFIC designs. The collaboration is expected to provide higher predictive accuracy and productivity for mutual customers.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 12:16 pm