Streetbeat News

Partnerships

NCNO

Shawbrook partners with nCino to automate loan processes and enhance portfolio management using nCino's cloud-based platform, improving efficiency and speed to market.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:50 am

ESLT

Elbit Systems has secured a $340 million contract to supply ammunition to the Israeli Ministry of Defense.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:43 am

ORCL

Advanced Info Service (AIS) has partnered with Oracle to launch Thailand's first locally owned hyperscale cloud. AIS Cloud will offer over 100 Oracle Cloud Infrastructure services, addressing regulatory and data sovereignty requirements.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:02 am

VALN

Valneva and LimmaTech have entered a strategic partnership to accelerate the development of a tetravalent Shigella vaccine. Valneva gains an exclusive worldwide license for LimmaTech's S4V Shigella vaccine candidate, adding a Phase 2 clinical asset to its R&D pipeline. LimmaTech will receive an upfront payment, future milestone and royalty payments, and will collaborate on the clinical development through Phase 2.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:58 am

CVX

HES

Hess and Chevron have announced that the arbitration merits hearing regarding the applicability of the Stabroek ROFR to their merger has been scheduled for May 2025. Despite their request for an earlier date, the hearing was delayed due to scheduling conflicts. Both companies remain confident that the arbitration will confirm that the Stabroek ROFR does not apply to the merger.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:52 pm

EXAS

Exact Sciences Corp (NASDAQ:EXAS) shares surged after the company reported better-than-expected Q2 financial results. The company posted a quarterly loss of 9 cents per share, significantly beating the analyst consensus estimate of a 32-cent loss. Quarterly sales reached $699.264 million, surpassing the $690.003 million estimate and marking a 12.41% year-over-year increase. Screening revenue rose by 15% to $532 million, and Precision Oncology revenue increased by 6% to $168 million. The company also announced an exclusive licensing agreement with TwinStrand Biosciences. Exact Sciences maintained its full-year revenue guidance of $2.81 billion to $2.85 billion.

Portfolio Pulse from Erica Kollmann

July 31, 2024 | 9:45 pm

HIVE

HIVE Digital Technologies Ltd. has signed agreements to develop a 100 MW hydroelectric data center in Paraguay. The project will utilize green energy from the Itaipu hydroelectric dam and aims to increase HIVE's Bitcoin mining capacity to 12.1 EH/s. The company has capped its investment at 100 MW due to fiscal policy changes.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:31 pm

CACI

CACI International Inc (CACI) has been awarded a five-year task order worth up to $319 million to provide intelligence systems expertise to the U.S. Army. The task order will support the Army, other Services, and foreign military partners in maintaining a state-of-the-art environment for current threat data.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:28 pm

UDMY

Udemy is shifting its strategic focus towards large enterprise customers by reallocating resources, increasing penetration in existing large customer bases, growing strategic partnerships, and enhancing operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:26 pm

DVN

ENB

FANG

MPC

WhiteWater, MPLX, and Enbridge have partnered with Targa Resources to construct the Blackcomb Pipeline. They have secured agreements with major shippers including Devon Energy, Diamondback Energy, Marathon Petroleum, and Targa Resources.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:23 pm