Streetbeat News

Partnerships

HUMA

Humacyte shares are trading higher following the announcement of a license agreement with Pluristyx.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:54 am

EV

RIO

SLX

Rio Tinto (NYSE:RIO) and Ngarluma Aboriginal Corporation are collaborating on an 80MW solar farm in Australia, aiming to reduce Rio Tinto's CO2 emissions by up to 120kT annually. The project is part of Rio Tinto's broader goal to deploy 600MW to 700MW of renewable energy by 2030. The feasibility study is expected by early 2025, with commissioning planned for 2027.

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 11:39 am

MDWD

Mölnlycke Health Care has invested $15 million in MediWound Ltd. (NASDAQ:MDWD) through a private investment in public equity (PIPE) to enhance wound care solutions. MediWound specializes in next-generation enzymatic therapeutics for non-surgical wound debridement.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:38 am

PNR

Pentair plc (NYSE:PNR) and Minneapolis-St. Paul International Airport (MSP) have partnered to provide high-quality drinking water and reduce single-use plastic waste. This initiative aims to benefit millions of travelers passing through MSP annually.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:52 am

FNV

Franco-Nevada Corporation (NYSE:FNV) and Osisko Gold Royalties Ltd. have partnered to provide a $750 million gold stream financing package for SolGold plc's Cascabel project in Ecuador. Franco-Nevada will contribute $525 million, while Osisko will provide $225 million. The funding will be disbursed in stages, with $100 million allocated for pre-construction and $650 million for construction, subject to various conditions.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:36 am

ERIC

Ericsson (NASDAQ:ERIC) has signed a multi-year global patent cross-license agreement with OPPO, involving essential patents in cellular technologies, including 5G. OPPO will pay royalties to Ericsson, and both companies will collaborate on various 5G-related initiatives. The financial impact of this agreement was already accounted for in Ericsson's Q2 2024 financial results. Despite a recent sales decline, Ericsson's shares are down 2.10% premarket.

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 10:21 am

MLEC

Moolec Science SA (NASDAQ:MLEC) has signed a three-year offtake agreement with a major global consumer packaged goods and pet food company for its patented GLA Safflower Oil product, GLASO™. The agreement includes an initial estimated volume of 50 tons for 2025.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:09 am

IDGT

NOK

QTUM

Nokia (NYSE:NOK) has announced a collaboration with Telecom Egypt to introduce 5G technology in Egypt, deploying its AirScale 5G RAN equipment. This move is expected to enhance connectivity and network performance across major Egyptian cities. Additionally, Nokia is acquiring Infinera and selling Alcatel Submarine Networks. Investors can gain exposure to Nokia through IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT) and Defiance Quantum ETF (NYSE:QTUM).

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 9:56 am

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) surged over 60% in pre-market trading following a shooting incident at a Republican rally in Pennsylvania. The incident has increased the odds of a Trump victory, which is seen as positive for the company. Trump owns a 64.9% stake in TMTG, which went public in March after merging with Digital World Acquisition Corp.

Portfolio Pulse from Shanthi Rexaline

July 15, 2024 | 9:54 am

E

Eni and ITQuanta have announced a joint venture, Eniquanti, to develop an integrated hardware and software quantum machine aimed at solving complex problems and supporting the energy transition.

Portfolio Pulse from charles@benzinga.com

July 15, 2024 | 9:15 am