Streetbeat News

Partnerships

BA

Boeing has designated its aircraft produced through NASA's Sustainable Flight Demonstrator project as the X-66A, aiming to achieve net-zero aviation greenhouse gas emissions. NASA will invest $425 million over seven years, while Boeing will provide an estimated $725 million in funding.

Portfolio Pulse from Anan Ashraf

June 21, 2023 | 5:45 am

TSLA

Elon Musk met with Indian Prime Minister Narendra Modi to discuss Tesla's investment plans in India, marking a significant step in the company's entry into the South Asian market. The meeting could pave the way for Tesla's smoother entry into India, overcoming regulatory hurdles and gaining government support.

Portfolio Pulse from Benzinga Newsbot

June 21, 2023 | 2:57 am

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RIVN

TSLA

Texas mandates all state-funded EV charging stations to have Tesla's NACS and rival CCS charging standards. Rivian and Ford have adopted NACS, while Hyundai considers it. Charging equipment makers like Blink Charging, ChargePoint, Tritium DCFC, and BTC Power will add NACS connectors.

Portfolio Pulse from Anan Ashraf

June 21, 2023 | 2:57 am

PHRRF

PharmaTher Holdings has partnered with Vitruvias Therapeutics for the commercialization of its proprietary racemic ketamine products, KETARX, in the U.S. market. PharmaTher will be responsible for regulatory, manufacturing, and supply, while Vitruvias will handle marketing, sales, and distribution. PharmaTher plans to file its Abbreviated New Drug Application (ANDA) for KETARX with the FDA in early July and expects approval in Q1 2024.

Portfolio Pulse from Lara Goldstein

June 21, 2023 | 2:38 am

LILM

Lilium and UrbanV announced plans to collaborate on the development of advanced air mobility (AAM) infrastructure. The partnership aims to create a network of vertiports for Lilium's electric air taxis.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 10:03 pm

SCHW

Bitcoin breaks the $28K resistance level as major financial players Citadel Securities, Fidelity Digital Assets, and Charles Schwab launch EDX Markets, a new crypto exchange platform. The announcement of BlackRock's Bitcoin ETF also signals mainstream adoption.

Portfolio Pulse from Jose Rodrigo Safdiye

June 20, 2023 | 10:02 pm

HQH

Tekla Capital Management LLC (Tekla) has entered into a strategic transaction agreement with abrdn. The deal aims to expand abrdn's US healthcare and life sciences investment capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 9:51 pm

TSLA

Texas will require EV charging companies to include Tesla's NACS standard and CCS to join the state program using federal funds, according to Reuters.

Portfolio Pulse from Charles Gross

June 20, 2023 | 9:34 pm

OTLY

THCH

TH International has announced a partnership with Oatly Group to launch a new dairy-free ready-to-drink (RTD) oatmilk latte product line, expanding Tims China's out-of-store product portfolio.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 9:04 pm

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GM

RIVN

TSLA

Ford and General Motors announced partnerships with Tesla for its Supercharger charging station network, potentially increasing Tesla's future revenue and earnings. Piper Sandler analyst Alex Potter estimates the opportunity for GM and Ford alone could represent $3 billion in additional revenue for Tesla by 2030 and $5.4 billion by 2032.

Portfolio Pulse from Chris Katje

June 20, 2023 | 9:01 pm