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Partnerships

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SKYX

SKYX Platforms Corp. has announced a collaboration with Home Depot to offer its advanced and smart plug & play products for both retail and professional segments.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:25 am

B

Barnes Aerospace has announced a long-term agreement with MTU Aero Engines AG valued at $33 million. This partnership is expected to enhance Barnes Aerospace's market position and revenue stream.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:16 am

PLUG

Plug Power has appointed Dean Fullerton, a former Amazon executive, as its new Chief Operations Officer. This strategic hire is expected to enhance the company's operational efficiency and drive growth.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:15 am

LH

Labcorp has expanded its partnership with Ultima Genomics to enhance its whole genome sequencing applications and oncology testing capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:11 am

TRNR

Interactive Strength Inc. (NASDAQ:TRNR) has secured exclusive distribution rights for its CLMBR fitness equipment in Germany and received a six-figure initial order, expected to ship in Q3 2024. Germany is the largest fitness market outside the US.

Portfolio Pulse from charles@benzinga.com

July 30, 2024 | 11:07 am

INFY

Infosys has announced a collaboration with Danish digital infrastructure and connectivity provider TDC Net to modernize TDC Net's IT infrastructure, enhance customer experience, and optimize IT and operational service costs.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:22 am

INFY

Infosys has partnered with Danish digital infrastructure provider TDC Net to enhance digital transformation efforts. This collaboration aims to leverage Infosys' expertise in digital services to improve TDC Net's infrastructure and service offerings.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:17 am

PM

Philip Morris International (PM) has signed a Memorandum of Understanding (MoU) with South Korean tobacco products maker KT&G to assist in U.S. regulatory submissions for KT&G's products.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:13 am

NVDA

Samsung Electronics has received approval from Nvidia for its high-bandwidth memory (HBM) chips, marking a significant milestone in the AI memory chip market. This approval could help Samsung close the gap with its competitor, SK Hynix, and capitalize on the growing demand for AI products. Nvidia's endorsement is crucial as it represents the first time the company has approved Samsung's HBM3 chips, albeit for a less advanced GPU designed to comply with U.S. export controls.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 9:59 am

AAPL

AMZN

GOOGL

META

MSFT

Apple is expected to weather the margin-squeezing effects of AI spending better than its peers due to its unique strategy. While Alphabet, Amazon, Microsoft, and Meta are increasing their capex significantly, Apple is reducing its capex by 9% and monetizing its distribution through a partnership with OpenAI. This strategy is expected to result in record margins for Apple by mid-next year.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 7:32 am