Streetbeat News

Partnerships

ELBM

The Department of Defense has awarded $20 million to Electra Battery Materials Corp to establish a sustainable cobalt sulfate production facility in Ontario, Canada. This initiative aims to bolster North American production of critical minerals for large capacity batteries, supporting both defense and commercial sectors.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 5:47 pm

PL

Planet Labs shares rose following the announcement of a contract with the NCIA to enhance its space-based surveillance program.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 5:23 pm

H

JLL

JLL Hotels & Hospitality Group has secured $620 million in acquisition financing for the Hyatt Regency Orlando. The financing was arranged for RIDA Development Corporation and an Ares Management Real Estate fund, with Wells Fargo, Bank of America, and Deutsche Bank providing the loan. The Hyatt Regency Orlando is a large resort with extensive amenities and proximity to major attractions.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:57 pm

EWJ

SPY

The Democratic Republic of Congo is set to receive its first shipment of Mpox vaccines by next week, with the United States and Japan pledging to send the vaccines. This development is part of international efforts to combat the spread of the disease.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:52 pm

ALZN

CING

LQDA

SOND

TOVX

VRAX

U.S. stocks rose with the Dow Jones, NASDAQ, and S&P 500 all gaining. Alzamend Neuro shares surged 418% due to a new partnership for a PTSD treatment study. Virax Biolabs shares increased 308% following WHO's virus emergency declaration. Sonder Holdings shares rose 46% after a licensing agreement with Marriott. Liquidia Corporation shares fell 39% after FDA's tentative approval of YUTREPIA. Theriva Biologics shares dropped 29% following a reverse stock split. Cingulate shares decreased 33% after increasing its stock offering price.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 4:28 pm

GOOGL

Google Cloud has expanded its services in Saudi Arabia, introducing new data sovereignty, security, and AI capabilities in the Dammam region. This includes partnerships with local entities like CNTXT to enhance digital transformation and meet regulatory requirements. The expansion also features the Vertex AI platform and a new online portal for streamlined service access.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:07 pm

MSFT

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares have surged 10% over the last week, reaching new 52-week highs. This rise follows better-than-expected Q2 financial results, increased revenue, and new partnerships, including with Wendy's QSCC and Microsoft Corp (NASDAQ:MSFT). Analysts have raised price targets, and the stock is trending on social media.

Portfolio Pulse from Adam Eckert

August 19, 2024 | 3:17 pm

GEHC

GE HealthCare is collaborating with the University of California San Diego School of Medicine to develop advanced MRI protocols for female-specific pelvic diseases. This project aims to improve diagnosis and management of conditions like endometriosis and ovarian cancer, potentially enhancing women's pelvic health care.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 2:12 pm

ADM

Farmers Business Network and ADM have launched a joint venture, Gradable, to expand a technology platform that supports sustainable and regenerative agricultural practices. This platform will help farmers and buyers meet the rising demand for sustainable farm products.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 2:04 pm

AFCG

AFC Gamma, Inc. has expanded its credit facilities for cannabis operators in Georgia, Missouri, and Florida, committing millions to support their growth. This includes a new facility for Private Company Q and expansions for BeLeaf Medical and Sunburn Cannabis.

Portfolio Pulse from Jelena Martinovic

August 19, 2024 | 1:51 pm