Streetbeat News

Partnerships

CLMT

Montana Renewables, a subsidiary of Calumet, has secured a $1.44 billion conditional commitment from the DOE to expand its renewable fuels and biomass energy facility. This expansion will make it one of the largest producers of Sustainable Aviation Fuel globally.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:51 pm

VTRS

Lexicon Pharmaceuticals has entered into an exclusive licensing agreement with Viatris for the commercialization of Sotagliflozin in all markets outside the U.S. and Europe. Lexicon retains sole commercialization rights in the U.S. and Europe. Sotagliflozin was approved by the FDA in 2023 for reducing cardiovascular risks in adults.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:36 pm

SLG

SL Green Realty Corp. has signed a significant lease renewal and expansion with Bloomberg, covering 925,000 square feet. This includes an 11-year lease extension and a 175,841 square foot expansion, indicating strong leasing momentum for 2024 and a projected increase in Manhattan office occupancy to 92.5% by year-end.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:10 pm

AA

Alcoa has entered into a strategic agreement with IGNIS EQT, holding a 25% stake in the company. Alcoa will contribute €75 million to IGNIS EQT as part of this agreement.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:07 pm

CERS

Cerus Corporation announced updates on its INTERCEPT RBC programs in the US and Europe. The company will receive additional support from BARDA through a new contract valued at up to $248 million. However, the CE Mark review in Europe concluded without approval, and Cerus is assessing its strategy for future filings.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:02 pm

NOK

Nokia shares are up 1.25% ahead of its Q3 earnings report and exclusive 5G contract talks with Bharti Airtel. However, Airtel is also in discussions with Samsung, introducing uncertainty. The outcome could significantly impact Nokia's revenue and market position.

Portfolio Pulse from Henry Khederian

October 16, 2024 | 7:23 pm

APO

BLK

FDFF

NITE

BlackRock is in discussions with Mukesh Ambani's Jio Financial Services to establish a private credit venture in India. This would be their third collaboration, following asset management and stock broking ventures. BlackRock recently reported strong Q3 results with significant revenue growth and an increase in assets under management.

Portfolio Pulse from Nabaparna Bhattacharya

October 16, 2024 | 7:22 pm

UXIN

Uxin shares rose following the announcement of a strategic partnership with Wuhan City Economic & Technological Development Zone.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:50 pm

LNVGF

LNVGY

META

NVDA

Lenovo is expanding its AI capabilities outside China by collaborating with Meta and Nvidia. The company introduced AI Now, a personal AI assistant, and announced a partnership with Nvidia for enterprise AI solutions. Lenovo aims to mitigate geopolitical risks and improve supply chain efficiency through AI.

Portfolio Pulse from Anusuya Lahiri

October 16, 2024 | 6:39 pm

CART

UBER

Instacart has appointed a new Chief Technology Officer, hiring an executive from Uber's delivery engineering team. This move could signal Instacart's focus on enhancing its technology and delivery capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:32 pm