Streetbeat News

Partnerships

AMBC

Ambac Financial Group has launched Tara Hill Insurance Services, appointing Peter McKeegan as CEO. Tara Hill will specialize in management and professional liability and will be part of the Cirrata Group.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:33 pm

NNE

NANO Nuclear has acquired the ALIP Technology intellectual property from physicist Carlos Maidana and plans to collaborate on further development. The company will provide $350K funding for a Phase III project, building on $1.37M DOE grants. ALIP Technology is crucial for NANO Nuclear's 'ODIN' microreactor and has potential for commercialization within a year.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:31 pm

VCIG

VCI Global Limited (NASDAQ:VCIG) has signed an agreement to invest up to $30 million in TalkingData Group Holding Limited, a major provider of big data analytics and AI-powered solutions. This investment will make VCIG a substantial shareholder in TalkingData and grant it exclusive rights to TalkingData's data AI products and services in Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:30 pm

BMY

QGEN

The FDA has granted accelerated approval to Bristol Myers Squibb's (NYSE:BMY) Krazati (adagrasib) in combination with cetuximab for treating KRASG12C-mutated colorectal cancer. This approval is based on the Phase 1/2 KRYSTAL-1 study, which showed a 34% objective response rate. Bristol Myers Squibb acquired adagrasib through a $5 billion deal with Mirati Therapeutics. The company also partnered with QIAGEN NV (NYSE:QGEN) to develop a companion diagnostic for Krazati.

Portfolio Pulse from Vandana Singh

June 24, 2024 | 12:26 pm

SSYS

Stratasys and AM Craft have signed a definitive commercial collaboration agreement to produce flight-certified 3D printed parts for the aviation industry. This partnership leverages Stratasys's technical expertise and AM Craft's production model, positioning both companies for growth in aviation part manufacturing.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:21 pm

ODP

TLS

Office Depot and Telos Corp. announced the opening of five new TSA PreCheck enrollment locations at Office Depot stores in Georgia, Tennessee, and Texas starting June 21, 2024. This follows the addition of 20 new locations since May 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:19 pm

OPTT

Ocean Power Technologies has been selected as the preferred supplier for its PowerBuoy with AI-enabled maritime domain awareness solution, Merrows. The immediate delivery in the Middle East is expected to generate revenues in the current quarter.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:15 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) experienced a nearly 2% decline in premarket trading following a pullback last week. The stock had reached an all-time high but has since fallen significantly. Analysts have mixed views, with some seeing the pullback as a buying opportunity. Nvidia's partnership with Qatari telecoms group Ooredoo highlights its long-term potential in AI.

Portfolio Pulse from Shanthi Rexaline

June 24, 2024 | 12:13 pm

WBA

ZBRA

Walgreens Boots Alliance (WBA) is optimizing its operations by implementing Zebra Technologies' (ZBRA) Workcloud Actionable Intelligence Software. This move enhances compliance and shrink management, saving millions, and implements a modern store framework across 8,000 locations to improve asset protection and operational visibility.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:10 pm

RXRX

Recursion (NASDAQ:RXRX) provided updated guidance on seven clinical trial readouts expected within the next 18 months and shared partnership updates, including a collaboration with Bayer on oncology projects and the use of Recursion's LOWE for drug discovery.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:07 pm