Streetbeat News

Partnerships

IGT

International Game Technology (IGT) has signed an eight-year contract with the Connecticut Lottery Corporation (CLC) to deploy its iLottery gaming system, mobile app, and eDraw games. The contract runs through May 2031 and includes four years of possible extension options. The iLottery system is expected to launch in late fall 2023.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 8:36 pm

RKLB

Rocket Lab has signed a deal to launch the LEO 3 satellite for Telesal on an Electron mission scheduled for Q3. This will expand Telesal's satellite constellation and improve its communication services.

Portfolio Pulse from Bill Haddad

May 31, 2023 | 8:32 pm

SCLX

SRNEQ

Scilex Holding Company (NASDAQ:SCLX) has entered a master distributor agreement with Farouk, Maamoun Tamer & Co. for the distribution of ZTlido, a non-opioid pain management product, in the Kingdom of Saudi Arabia. Scilex is a majority-owned subsidiary of Sorrento Therapeutics, Inc. (OTC:SRNEQ).

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 7:27 pm

AMZN

CRWD

CrowdStrike's stock is up ahead of its Q1 earnings report, with multiple analysts raising price targets. The company is also working with Amazon Web Services to develop generative AI applications for cloud, security, and AI development.

Portfolio Pulse from Ryan Gustafson

May 31, 2023 | 7:04 pm

INTC

Global chipmaking consortium ISMC's $3 billion plan to set up a semiconductor manufacturing facility in India has stalled as its technology partner, Tower Semiconductor, awaits a deal with Intel.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 6:11 pm

ON

Vitesco Technologies and onsemi have signed a 10-year long-term supply agreement worth $1.9 billion for silicon carbide (SiC) products to enable Vitesco Technologies' ramp in electrification technologies. Vitesco Technologies will invest $250 million in onsemi for new equipment for SiC boule growth, wafer production, and epitaxy.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 5:13 pm

CYBN

Cybin Inc. (NYSE:CYBN) has entered into a common share purchase agreement with institutional investor Lincoln Park Capital Fund (LPC) for the sale of up to $30 million of its common shares within a 36-month period. The equity facility will allow Cybin to strengthen its cash position and advance its drug development programs.

Portfolio Pulse from Lara Goldstein

May 31, 2023 | 5:10 pm

MARK

Remark Holdings secured a 30-month recurring revenue subscription contract worth over $6 million to equip Rio De Janeiro police cars with license plate and facial recognition capabilities. The deal establishes credibility for a potential $130 million opportunity in Sao Paulo.

Portfolio Pulse from Akanksha Bakshi

May 31, 2023 | 5:07 pm

STLA

Stellantis NV and Vulcan Energy Resources have signed a binding term sheet to develop geothermal projects for Stellantis' Mulhouse industrial site in France. The project aims to provide a significant portion of the site's annual energy needs starting in 2026 and represents the first joint project in France for the potential use of geothermal energy to decarbonize and localize the energy supply for Stellantis' European operations.

Portfolio Pulse from Shivani Kumaresan

May 31, 2023 | 4:08 pm

FXI

NVDA

Nvidia's CEO Jensen Huang plans to visit China in June to meet with executives despite ongoing U.S. restrictions. The company remains interested in the large Chinese market.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 3:51 pm