Streetbeat News

Partnerships

STT

State Street Corporation (NYSE:STT) has announced a strategic partnership with Swiss cryptocurrency firm Taurus SA to enhance its digital asset capabilities. This collaboration aims to strengthen State Street's Digital Asset Solutions by integrating Taurus' custody, tokenization, and node-management solutions. Additionally, State Street has issued $1 billion in senior debt and reported strong second-quarter fiscal 2024 revenues.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 4:12 pm

COSM

Cosmos Health's subsidiary, Cana Laboratories, has completed facility upgrades and secured a contract with Provident Pharmaceuticals to manufacture 4.32 million vials of DE3-SOLE.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:49 pm

MULN

Mullen Automotive's stock is trading higher after announcing that its unit, Bollinger Motors, will start producing the Bollinger B4 Chassis Cabs in September 2024, with deliveries and revenue expected in October 2024. The B4 EV truck is designed with a secure battery solution and will be produced in partnership with Roush Industries.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 3:13 pm

EWZ

MT

ArcelorMittal and Atlas Renewables Energy are forming a joint venture to build a solar plant in Brazil, with ArcelorMittal set to acquire full ownership by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:10 pm

EV

RIO

SLX

Rio Tinto has signed a $110 million agreement with XCMG Machinery to supply mining equipment for the Simandou iron ore project in Guinea. This project is significant due to its high-grade iron ore reserves. Rio Tinto's shares have risen following the announcement.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 3:01 pm

BYDDY

Denza, a premium NEV brand under BYD, has launched pre-sales for its Z9GT hatchback with competitive pricing, aiming to boost sales. The Z9GT, featuring BYD's e3 technology, will start deliveries in September. Denza is a joint venture between BYD and Mercedes, with BYD holding a 90% stake.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 2:41 pm

CROX

HEYDUDE, a footwear brand owned by Crocs, has announced a global partnership with actress Sydney Sweeney as their spokesperson. The campaign focuses on comfort and confidence, aiming to create a movement of 'Dudes'.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:34 pm

ODP

ODP Business Solutions has expanded its portfolio by adding the Nespresso Professional product line, offering coffeehouse-quality commercial machines and accessories for businesses.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:29 pm

SNX

Janam Technologies has partnered with TD SYNNEX to expand its distribution network for rugged mobile computers and RFID readers in the US and Canada. This strategic relationship aims to enhance productivity for businesses by connecting Janam's solutions with TD SYNNEX's partner community.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:28 pm

COSM

Cosmos Health has secured exclusive distribution rights for Mpox virus PCR detection kits in Greece and Cyprus, and non-exclusive rights across Europe. This strategic move could enhance their market presence and revenue potential in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:25 pm