Streetbeat News

Partnerships

LCID

Lucid Group shares are trading higher by around 8% in pre-market trading after announcing a technology partnership with Aston Martin worth over $450 million. Other pre-market gainers include TRxADE HEALTH, Digital Media Solutions, and INVO Bioscience, while losers include Lulu's Fashion Lounge Holdings, Babylon Holdings, and SCWorx Corp.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 12:19 pm

WOLF

Wolfspeed has secured $1.25 billion in note financing from an investment group led by Apollo, with an accordion feature allowing for up to an additional $750 million.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 12:14 pm

GM

General Motors (GM) and Element 25 Limited (E25) have signed an agreement for E25 to supply up to 32,500 metric tons of manganese sulfate annually to support GM's EV production in North America. GM will provide E25 with an $85 million loan to partially fund the construction of a new facility in Louisiana for battery-grade manganese sulfate production.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 12:11 pm

SDRL

Seadrill Ltd (NYSE:SDRL) is in discussions to divest its Qatar Jack-up fleet, including the West Castor, West Telesto, and West Tucana rigs, as well as its 50% stake in Gulfdrill, a joint venture with Gulf Drilling International. No deal has been reached, and financial terms have not been disclosed.

Portfolio Pulse from Lekha Gupta

June 26, 2023 | 12:11 pm

CQP

LNG

Cheniere Energy's subsidiary, Cheniere Marketing, has signed a long-term LNG sale and purchase agreement with ENN LNG, a subsidiary of ENN Natural Gas. The deal involves ENN purchasing approximately 1.8 million tonnes per annum of LNG from Cheniere Marketing, with deliveries starting in mid-2026. The agreement is expected to support the Sabine Pass Expansion Project.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 12:08 pm

BKYI

Johnston Community College has strengthened its partnership with BIO-Key by adopting its PortalGuard IDaaS Identity and Access Management Cloud Solution. This will enhance the college's security and user experience.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 12:05 pm

PNT

POINT Biopharma and AdvanCell have announced a collaboration to develop lead-212-labeled radioligands for targeted cancer therapies. The partnership aims to improve patient outcomes by combining POINT's expertise in radiopharmaceuticals with AdvanCell's cell therapy platform.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 11:49 am

SPR

Spirit AeroSystems is in ongoing negotiations with the International Association of Machinists and Aerospace Workers, reporting constructive and positive progress.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 11:43 am

ADMP

Adamis Pharmaceuticals has received an undisclosed amount of grant funding from the National Institutes of Health (NIH) for the development of a treatment for alcohol use disorder.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 11:37 am

SYNH

Syneos Health has announced a collaboration with uMotif, where uMotif will provide eCOA and ePRO services for Syneos. The companies will also develop and deploy an exclusive platform.

Portfolio Pulse from Bill Haddad

June 26, 2023 | 11:35 am