Streetbeat News

Partnerships

AAPL

MSFT

Anthropic, backed by Jeff Bezos, and Menlo Ventures have launched a $100 million fund to support early-stage AI startups, increasing competition with OpenAI. The fund, named Anthology Fund, will provide financial backing and access to Anthropic’s AI technology. This move mirrors Apple's iFund initiative and positions Anthropic in direct competition with OpenAI's $175 million Startup Fund.

Portfolio Pulse from Benzinga Neuro

July 17, 2024 | 1:30 pm

VVX

V2X Inc. (NYSE:VVX) has been awarded a $141 million cost-plus-fixed-fee task order to continue providing comprehensive engineering support for Command, Control, Communications, Computer, and Intelligence (C4I) systems to the U.S. Navy. This task order is part of the Navy's Fleet Systems Engineering Team (FSET) program, which V2X has supported for 25 years.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:26 pm

WKHS

Workhorse Group Inc (NASDAQ:WKHS) shares are experiencing continued momentum after a significant rally. The company was awarded a Sourcewell contract for zero-emission commercial vehicles, allowing it to expand its reach to government, educational, and nonprofit sectors across the U.S. and Canada. This contract streamlines the purchasing process for municipalities, aiding in the transition to zero-emission fleets.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 1:24 pm

BA

EADSY

Yemen Airways has signed an agreement with Airbus to purchase 8 aircraft, marking a significant expansion for the airline.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:23 pm

TOON

Kartoon Studios (NYSE:TOON) has announced the expansion of its Kartoon Channel service to Indonesia through a partnership with Link Net, potentially reaching an audience of nearly 300 million people. This follows recent profitability and subscriber growth in the U.S.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:19 pm

GE

TGI

Triumph Group, Inc. (NYSE:TGI) has been awarded a contract by GE Aerospace to provide the Auxiliary Gearbox for the F404 afterburning turbofan engine, with potential future use on multiple applications. This work will be performed at TRIUMPH's facility in Macomb, Michigan.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:14 pm

SCLX

Scilex Holding Company (NASDAQ:SCLX) has announced a collaboration with ACEA Therapeutics to expand the ZTlido program in Greater China. ACEA will serve as the exclusive distributor in the region and will explore potential commercialization of ZTlido and other non-opioid pain products from Scilex.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:10 pm

ICU

NUWE

Nuwellis, Inc. (NASDAQ:NUWE) has made its first commercial sale of QUELIMMUNE therapy, developed by SeaStar Medical Holding Corporation (NASDAQ:ICU), to Cincinnati Children's for pediatric patients with uncontrolled inflammatory responses. This marks a significant advancement in pediatric critical care.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:08 pm

UAVS

AgEagle Aerial Systems (UAVS) has announced the sale of 10 eBee X lightweight mapping drones to Brazil's National Department of Transport Infrastructure. These drones will be used for public safety and highway monitoring. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:02 pm