Streetbeat News

Partnerships

WKHS

Workhorse Group (NASDAQ:WKHS) shares are trending on Monday following the announcement that its 750 medium duty electric vehicle will be showcased at the 14th Annual Clean Energy Roadshow. Additionally, Workhorse introduced a new upfit program through its partnership with Surefitters, offering 13 pre-configured packages for dealers.

Portfolio Pulse from Dylan Berman

July 01, 2024 | 5:47 pm

MRK

Merck & Co Inc (NYSE:MRK) announced the exercise of an option to convert its co-development and co-commercialization agreement with Orion for opevesostat into an exclusive global license. Merck will now have global exclusive rights to develop and commercialize the drug and will assume all associated expenses. Orion will receive milestone payments and royalties. MRK shares are up 3.44% following the announcement.

Portfolio Pulse from Vandana Singh

July 01, 2024 | 5:26 pm

MRK

Merck shares are trading higher after the company and Orion announced the mutual exercise of an option to convert their co-development and co-commercialization agreement for opevesostat into an exclusive global license for Merck.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:34 pm

DTSS

Datasea Inc (NASDAQ:DTSS) shares surged 37% to $6.17 after announcing three sales agreements with its Chinese subsidiaries, totaling approximately $61.7 million. The contracts involve 5G AI multimodal communication services and high-tech acoustic products, expected to boost customer orders and market traction.

Portfolio Pulse from Henry Khederian

July 01, 2024 | 4:27 pm

DTSS

Datasea shares are trading higher following the announcement of three new sales agreements involving its subsidiaries in China.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:23 pm

EYEN

Eyenovia shares are trading higher after the company announced a collaboration with NovaBay Pharmaceuticals to promote eye care products to ophthalmic surgery centers.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:19 pm

MINM

e2Companies will install its patented R3Di® System at Oil Creek Plastics in Pennsylvania to improve power quality and reliability. The system will provide 2MW of uninterruptible power, integrating with the electric grid, a natural gas generator, and solar panels. The project aims to reduce costs and carbon emissions, and is expected to be completed by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:44 pm

BABA

Alibaba Group Holding (NYSE:BABA) is leveraging its sponsorship of UEFA Euro 2024 to boost its presence in the European market. The company's platforms, including AliExpress and Alipay, along with electric vehicle maker BYD Co, are using the tournament's massive viewership to enhance brand awareness. Alibaba's shares saw a slight increase following this news.

Portfolio Pulse from Anusuya Lahiri

July 01, 2024 | 3:35 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares are rallying on Monday following multiple analysts raising their price targets. Analysts from Barclays, Canaccord Genuity, RBC Capital, and Goldman Sachs have all increased their price targets for Rivian, citing positive updates from the company's recent investor day. Rivian reaffirmed its production guidance and positive adjusted gross profit expectations, and announced a joint venture with Volkswagen, which will invest up to $5 billion in the company.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 3:26 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) has signed a distribution agreement with ZENDON s.r.o. to distribute its Sky Premium Life nutraceutical products in Slovakia, Hungary, Poland, and Czechia. This agreement grants Cosmos Health access to over 6,000 stores of pharmacy and retail chains in these countries.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:23 pm