Streetbeat News

Partnerships

WBS

Webster Financial Corporation (Webster Bank) and Marathon Asset Management have announced a private credit joint venture to provide direct lending solutions to sponsor-backed middle market companies.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:20 pm

CAMX

E

Eni S.p.A. (NYSE:E) has extended its long-term gas supply agreement with Vår Energi ASA, securing up to five billion cubic meters of gas between 2024 and 2036. Deliveries will be made to gas terminals in Germany, with pricing based on market terms. This deal follows a similar agreement with VNG, reinforcing Vår Energi's role as a key energy supplier in Europe. Eni also recently finalized a deal to sell its Alaskan assets to Hilcorp. Investors can gain exposure to Eni through The Advisors' Inner Circle Fund Cambiar Aggressive Value ETF (NYSE:CAMX). Eni shares are up 1.14% premarket.

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 1:12 pm

SOL

Emeren Group Ltd (NYSE:SOL) has partnered with PLT energia Srl to develop a 394 MW Battery Energy Storage Systems (BESS) portfolio in Italy. This partnership marks a significant milestone for both companies in the renewable energy sector.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:08 pm

ACN

Accenture Federal Services has secured a $250 million contract with the Department of Interior to modernize the Bureau of Land Management's administration of federal lands.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:03 pm

QCOM

WLDS

Wearable Devices has completed the first phase of integration with Qualcomm's Snapdragon Spaces XR Developer Platform, addressing major hand tracking limitations such as accuracy, power, and field of view. This development is expected to accelerate the mass adoption of augmented and virtual reality technologies.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:51 pm

LQR

LQR House Inc. (NASDAQ:LQR) has entered into an agreement with Of The Earth Distribution Corp. for up to $6.5 million USD to distribute and market SWOL Tequila in Canada. The deal includes a $2 million purchase of SWOL Tequila and up to $4.5 million in marketing services.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:47 pm

NNE

NANO Nuclear Energy has signed a Memorandum of Understanding (MOU) with Curio Solutions to optimize nuclear fuel recycling for next-generation portable microreactors. This partnership aims to enhance the efficiency and sustainability of nuclear energy solutions.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:35 pm

MRK

Merck and Orion have agreed to convert their co-commercialization agreement for Opevesostat into an exclusive global license for Merck. Orion is now eligible for up to $30M in development milestones, $625M in regulatory milestones, and $975M in sales milestones.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:20 pm

AMZN

DT

Dynatrace has become the first AWS partner to integrate with AWS Application Migration Service, enhancing its capabilities in cloud migration and monitoring.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:19 pm

PERF

Perfect Corp. has partnered with NAO-ART to introduce a generative AI-powered virtual try-on experience for wigs. This new feature allows consumers to try on up to 53 augmented reality (AR) wigs, including both fashion and medical wigs, in various colors and styles.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:15 pm