Streetbeat News

Partnerships

GIB

CGI is partnering with Risk Management Partners, a unit of Munich Re, to help insurers reduce claims, increase profits, and drive long-term value through climate risk mitigation.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 10:34 am

CHX

IEZ

OIH

SLB

TTE

The U.S. Department of Justice has issued a second request for information regarding Schlumberger's planned acquisition of ChampionX. The acquisition, approved by ChampionX stockholders, is expected to close in late 2024 or early 2025. Schlumberger anticipates $400 million in annual pretax synergies within three years post-closure. Additionally, Schlumberger has entered a 10-year partnership with TotalEnergies to develop digital energy solutions. Investors should consider macroeconomic factors and Schlumberger's performance relative to its peers.

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 10:28 am

UCAR

U Power has signed a Memorandum of Understanding with Pattaya AI Terminal to jointly develop green logistics and EV infrastructure in Thailand.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 10:02 am

UCAR

U Power Limited (NASDAQ:UCAR) has signed a Memorandum of Understanding with Pattaya AI Terminal Co., Ltd. to develop green logistics and EV infrastructure in Thailand. The partnership will leverage U Power's battery-swapping technology and expertise in commercial EVs to enhance logistics efficiency and develop charging stations.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 10:01 am

BYDDF

BYDDY

Warren Buffett-backed Chinese EV giant BYD is opening its first Southeast Asia factory in Thailand, coinciding with new EU tariffs on Chinese EVs. The $486 million facility aims to export most of its 150,000 annual capacity to Southeast Asia and Europe. Despite challenges, including reduced profit forecasts and Berkshire Hathaway reducing its stake, BYD continues its aggressive international growth strategy.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 8:24 am

JNPR

The Milano Cortina 2026 Foundation has signed a partnership agreement with Juniper Networks for the Milano Cortina 2026 Olympic and Paralympic Winter Games.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 7:02 am

MGNI

Magnite (NASDAQ:MGNI) announced that CairoRCS Media, a major Italian communication group, is implementing Magnite's Demand Manager to enhance programmatic monetization of their display and video inventory. The solution, built on Prebid technology, offers tools and insights to help publishers grow revenue.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 7:00 am

CVAC

GSK

GSK and CureVac have restructured their collaboration into a new licensing agreement, with GSK taking full control of developing and manufacturing mRNA vaccines. CureVac will receive €400M upfront and up to €1.05B in milestones. The agreement allows both companies to focus on their respective mRNA development activities.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:57 am

CVAC

CureVac N.V. (NASDAQ:CVAC) is restructuring to focus on high-value mRNA projects, reducing its workforce by 30%. The restructuring follows a new licensing agreement with GSK, valued at up to €1.45 billion plus royalties. CureVac aims to streamline operations, prioritize oncology programs, and reduce operational expenses by over 30% from 2025 onward.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:56 am

CVAC

GSK

GSK and CureVac have restructured their partnership to focus on mRNA vaccine development. GSK will take full control of developing and manufacturing the candidate vaccines, while CureVac will receive significant financial compensation and retain rights to other targets.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:53 am