Streetbeat News

Partnerships

SFTBY

TEM

SoftBank Group plans to launch an AI-powered medical service in Japan through a joint venture with Tempus AI Inc. The venture, capitalized at $188 million, will be equally owned by both companies and aims to start operations by July. Tempus AI's stock surged nearly 3% in pre-market trading following the news.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 10:42 am

GTLS

Argent LNG has chosen Chart Industries' mid-scale modular liquefaction solution for its 20 MTPA LNG facility in Port Fourchon, Louisiana.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:36 am

PSN

Parsons Corporation (NYSE:PSN) has been awarded a $16 million, three-year contract by the City of Manchester, New Hampshire, to provide program and construction management services for the Cemetery Brook Drain Tunnel Project. This project aims to mitigate flooding risks, eliminate combined sewer overflow discharges into the Merrimack River, and secure the river as a clean drinking water source.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:35 am

VIAV

Viavi Solutions has chosen ETS-Lindgren to supply an RF-shielded anechoic chamber for testing Open Radio Units at the VIAVI Automated Lab-as-a-Service for Open RAN.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:34 am

LLAP

Terran Orbital has signed a Memorandum of Understanding with Hanwha Systems to develop advanced solar and satellite solutions through Hanwha Systems and its subsidiary, Flexell Space.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:32 am

GIB

XOM

ExxonMobil and CGI have renewed their partnership to enhance payment and loyalty services across Europe and Asia Pacific. CGI will provide advanced customization options through its CGI PayPartner360 solution, impacting over 13,000 fuel retail sites and 10 million users.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:31 am

RIVN

VWAGY

Rivian Automotive, Inc. (NASDAQ:RIVN) is set to open at a 4-month high following the announcement of a joint venture with Volkswagen AG’s U.S. subsidiary. Volkswagen will invest $1 billion initially, with up to $4 billion in additional planned investment. Rivian will also raise $1 billion in debt financing through convertible promissory notes. The stock rose 36.71% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 26, 2024 | 10:25 am

AMD

MSFT

NVDA

The UAE is advancing its AI ambitions with a $1.5 billion investment from Microsoft in a local AI firm, signaling deeper collaboration with the U.S. This partnership is part of the UAE's strategy to diversify its economy and become a global AI leader by 2031. The U.S. has also temporarily halted AI chip exports to the Middle East, affecting Nvidia and AMD.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 9:48 am

IYE

XLE

XOM

Guyana's Ministry of Natural Resources has selected Fulcrum LNG, led by a former Exxon Mobil executive, to partner with Exxon on a new natural gas project. Fulcrum LNG was chosen for its comprehensive proposal among 17 bidders. Preliminary discussions are underway.

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 9:35 am

ENTG

Entegris (NASDAQ:ENTG) has signed a Preliminary Memorandum of Terms with the U.S. Department of Commerce for up to $75 million in funding under the CHIPS and Science Act. This funding will support a new manufacturing facility in Colorado Springs, creating 600 jobs and bolstering the U.S. semiconductor manufacturing infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 9:08 am