Streetbeat News

Partnerships

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Parsons Corporation (NYSE:PSN) shares rose after securing a $68.5M contract from the U.S. Army Corps of Engineers for building army housing in the Kwajalein Atoll. This is Parsons' second such contract in a year, and they are also on the Pre-Qualified Source Listing for future large orders. The stock is up 5.54% following the news.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 4:11 pm

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Ether.fi is launching a blockchain-based credit card, Ether.fi Cash, in partnership with Scroll, an Ethereum Layer-2 network. The card allows users to spend fiat while using crypto as collateral, offering 3% cash-back and crypto-based rewards. Initially available internally, it will ship to pre-order customers on Sep. 16, but won't be available in the U.S. due to regulatory concerns.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 3:53 pm

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Newmark Group, Inc. advised on a $5 billion joint venture between Blue Owl Capital, Chirisa Technology Parks, and PowerHouse Data Centers to develop AI/high-power computer data centers across the U.S. The initial phase will deliver 120 megawatts of capacity for CoreWeave by 2026.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:36 pm

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PayPal expands its partnership with Shopify, becoming an additional card processor for Shopify Payments in the U.S. This integration aims to enhance payment options and operational efficiency for merchants. PayPal is also integrating with Apple mobile wallet and expanding its partnership with Fiserv.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 3:14 pm

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Kendrick Lamar will perform at the Super Bowl LIX Halftime Show, potentially boosting Apple, Fox, and Universal Music. The event, broadcast by Fox, could increase viewership and ad rates. Apple's partnership with the NFL may enhance its music features, while Universal Music could benefit from Lamar's music sales.

Portfolio Pulse from Chris Katje

September 09, 2024 | 3:05 pm

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CorMedix Inc. has signed a multi-year commercial supply contract with a global healthcare company to supply DefenCath to US facilities. The product targets up to 4,000 patients and shipments are expected to begin in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:53 pm

FDX

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Workhorse Group's stock is rising after FedEx placed an order for 15 W56 step vans, aiding FedEx's carbon neutrality goals. The vans are highly efficient, achieving 31 MPGe compared to the national average of 7 MPG for delivery trucks.

Portfolio Pulse from Dylan Berman

September 09, 2024 | 2:52 pm

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Canada Nickel Company (OTC:CNIKF) has received a Letter of Interest from Export Development Canada for a potential $500 million loan to support its Crawford nickel project in Ontario. This project is crucial for Canada's role in the global EV supply chain, with potential to produce 48,000 tons of nickel annually.

Portfolio Pulse from Stjepan Kalinic

September 09, 2024 | 2:32 pm

OPRA

Opera GX has partnered with Riot Games to become the Preferred Browser Partner for League of Legends Esports Global Events, offering exclusive features for the 2024 World Championship.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:15 pm

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U.S. stocks rose on Monday, with significant gains for Terns Pharmaceuticals, Summit Therapeutics, Relay Therapeutics, and others. Terns Pharmaceuticals saw a 20.2% increase after positive trial data, while Boeing and Tesla also experienced gains due to favorable developments.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 2:13 pm