Streetbeat News

Partnerships

LCID

Lucid Group's stock is trading higher after the Saudi Public Investment Fund increased its stake in the company and Lucid announced a technology partnership with Aston Martin. The partnership is worth over $450 million and will give Aston Martin access to Lucid's electric vehicle powertrain and battery systems.

Portfolio Pulse from Henry Khederian

June 27, 2023 | 2:10 pm

J

PLTR

Jacobs Solutions Inc (NYSE:J) has signed a three-year Engineering Partnering Agreement with Fortescue Future Industries (FFI) to support its global ammonia, green hydrogen, and renewable energy projects. The deal will see Jacobs assisting FFI on various decarbonization projects from concept to Final Investment Decision.

Portfolio Pulse from Lekha Gupta

June 27, 2023 | 2:00 pm

SPR

Spirit AeroSystems has presented a new contract offer to the Machinists Union at its plant in Wichita, Kansas. The Machinists Union will hold a stewards' meeting on Tuesday to discuss the new offer.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 1:47 pm

WLY

ResearchGate and Wiley have expanded their partnership to include 519 open access journals in Wiley's portfolio. The agreement will enhance the presence of these journals on ResearchGate through its new Journal Home offering, increasing their visibility and engagement among researchers.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 1:40 pm

LIN

Linde PLC has signed multiple contracts with Wanhua Chemical Group to extend their collaboration in China. Linde will acquire three air separation units (ASUs) from Wanhua and ink a long-term deal to supply industrial gases to Wanhua's chemical production sites. Linde also expanded its long-term industrial gas supply contract with Wanhua at Ningbo and Yantai, including decarbonization investments.

Portfolio Pulse from Lekha Gupta

June 27, 2023 | 1:35 pm

PSHG

Performance Shipping Inc. (NASDAQ:PSHG) has entered into a time charter contract with ST Shipping & Transport Pte Ltd. for the LR2 Aframax oil product tanker, M/T P. Aliki. The contract has a fixed floor rate of $45,000 per day for a minimum of 4 months to a maximum of 5.5 months, plus a 50/50 profit share provision above the floor rate.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 1:29 pm

SOL

Emeren Group Ltd (NYSE:SOL) has partnered with Matrix Renewables to develop up to 1.5 GW of Battery Energy Storage Systems (BESS) in Italy. The first portfolio includes over 260 MW of standalone BESS projects. The deal is strategically relevant as Terna S.p.A. is expected to open a new capacity market auction in late 2023.

Portfolio Pulse from Shivani Kumaresan

June 27, 2023 | 1:27 pm

BIDU

F

GD

HOOD

META

SPCE

WBA

Baidu claims its Ernie Bot outperforms OpenAI's ChatGPT; Meta's WhatsApp Business app reaches 200 million users; Walgreens reports disappointing Q3 earnings. Ford plans layoffs in its engineering sections in the US and Canada. Robinhood cuts 7% of its full-time staff due to reduced customer engagement. General Dynamics and American Rheinmetall compete for a $45B US Army vehicle contract. Virgin Galactic announces the date for its first commercial spaceflight.

Portfolio Pulse from Vandana Singh

June 27, 2023 | 1:27 pm

CAH

TIVC

Tivic Health has signed a distribution agreement with Cardinal Health, expanding the reach of its products. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 1:16 pm

EEIQ

EpicQuest Education Group International Limited (EEIQ) announced that Davis College signed a non-binding Memorandum of Understanding (MOU) with the University of Portsmouth, UK. The MOU aims to pursue joint research projects, academic programs, faculty and student exchanges, and other collaborative activities.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 1:05 pm