Streetbeat News

Partnerships

CACI

CACI International has secured a seven-year, $1.2 billion Spectral mission technology contract with the U.S. Navy's Naval Information Warfare Systems Command. The company will develop and deploy next-generation shipboard signals intelligence, electronic warfare, and information operations weapon systems.

Portfolio Pulse from Shivani Kumaresan

June 21, 2023 | 2:06 pm

SBEV

Splash Beverage Group (NYSE:SBEV) has entered a distribution agreement with North Carolina-based Coastal Beverage Company for three of its brands: Copa di Vino, Pulpoloco, and TapouT. Coastal Beverage serves 22,000 retailers in its territory and will introduce Splash products to a new population.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:05 pm

AUDA

Audacy has entered into a distribution and monetization agreement with TuneIn, extending the digital reach of its 250+ radio stations and podcast library. The partnership will expand Audacy's content availability to over 200 additional platforms and connected devices, and bring select TuneIn original content to the Audacy digital platform.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:04 pm

BABA

CSCO

GOOGL

SHAK

UBER

Ant Group is developing ChatGPT-style services, while Cisco launches AI chips to compete with Broadcom and Marvell. YouTube plans to debut its first official shopping channel in South Korea. Bolt partners with Starship Technologies for robot food delivery, and Chinese regulators reprimand Starbucks and Shake Shack over privacy breaches.

Portfolio Pulse from Vandana Singh

June 21, 2023 | 2:02 pm

ERJ

Embraer (ERJ) has signed a deal with China's Lanzhou Aviation Industry Development Group to convert 20 E-Jets into freighters. The financial terms were not disclosed. This deal makes Lanzhou the launch customer for Embraer's Passenger-to-Freight (P2F) conversion in China.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2023 | 1:53 pm

KSCP

TSLA

Knightscope announced that its Robot Roadshow will be featured at Tesla Takeover 2023 in San Luis Obispo, CA. The event brings together Tesla owners, EV enthusiasts, and industry experts to celebrate the future of electric vehicles.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 1:46 pm

EVGN

Evogene's subsidiary Casterra signed a framework agreement with an oil & gas company to sell its castor seeds for sustainable biofuel production, with initial purchase orders of $9.1 million. This has the potential to facilitate the production of approximately 1.5% of the existing global demand for non-fossil oil intended for biodiesel applications.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 1:46 pm

AZN

PIRS

Pieris Pharmaceuticals announced that partner AstraZeneca has decided to discontinue and cease dosing in the ongoing clinical studies of elarekibep, an asthma drug, due to lung findings from a non-clinical toxicology study. Pieris will review the implications of the data and AstraZeneca's decision on the program.

Portfolio Pulse from Vandana Singh

June 21, 2023 | 1:41 pm

XOM

Exxon Mobil Corp (XOM) is in talks with the Guyana government to return unexplored offshore oil areas, according to Reuters. The move comes as the company faces pressure to cut costs and focus on more profitable projects.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 1:32 pm

FDX

MA

MU

The Indian government has approved Micron Technology's $2.7 billion plan for a new semiconductor testing and packaging unit in Gujarat, with production-linked incentives worth $1.34 billion. This comes as the White House urges US chip companies to invest in India to reduce business risks in China.

Portfolio Pulse from Anusuya Lahiri

June 21, 2023 | 1:28 pm