Streetbeat News

Partnerships

UPST

Diamond Credit Union has partnered with Upstart to offer personal loans. Serving over 64,000 members and managing over $1 billion in assets, Diamond Credit Union joins the AI lending marketplace.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:01 pm

SISI

Shineco has entered into a Letter of Intent (LOI) with Meitong Technology to address China's aging population. Shineco plans to invest $20 million in Meitong Technology for an 80% stake.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:01 pm

SSYS

Stratasys has partnered with BASF to introduce a new polypropylene material for Stratasys' SAF technology, aiming to enhance part quality, versatility, and cost efficiency in additive manufacturing.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:59 pm

ACI

KR

Kroger Company (NYSE:KR) shares surged after reporting strong Q1 earnings, with adjusted FIFO operating profit of $1.499 billion and sales of $45.3 billion, beating expectations. Digital sales grew by over 8%, and the company reported adjusted EPS of $1.43, surpassing the consensus of $1.34. Kroger paused its share repurchase program to focus on de-leveraging following its proposed merger with Albertsons Companies, Inc. (NYSE:ACI).

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 12:59 pm

CRON

Cronos Group has announced a $51 million investment in GrowCo's expansion, including a secured credit facility to fund the growth of a cannabis facility. Cronos will gain an option to purchase up to 70% of the expanded facility's production, and financial consolidation of the joint venture will begin in Q3 2024. Additionally, the GrowCo board will expand with three Cronos-appointed members.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:59 pm

COYA

Coya Therapeutics is expanding its research collaboration with Houston Methodist Research Institute, funded by the Johnson Center for Cellular Therapeutics. The collaboration aims to advance Coya's Treg exosome technology into clinical trials, validate biomarkers for neurodegenerative diseases, and explore drug combinations with COYA 301.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:58 pm

SNCY

Sun Country Airlines shares are trading higher after the company signed an amended Air Transport Services Agreement with Amazon, extending the contract through 2030 with options to further extend terms through 2037.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:58 pm

MOBX

Mobix Labs has announced a strategic partnership with TalkingHeads Wireless to develop cost-effective, energy-efficient 5G base stations. The collaboration will combine THW's AI-optimized 5G radio solution with Mobix Labs' advanced ICs, antennas, and optical products to enhance performance and efficiency.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:56 pm

WNS

WNS Limited and Mosaic Insurance have announced a strategic partnership aimed at developing a future-ready operations model for underwriting, claims support, reinsurance processing, and finance and technology services.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:55 pm

GFS

BAE Systems and GlobalFoundries have announced a collaboration to develop semiconductors for national security programs. This partnership aims to enhance the supply chain for critical defense technologies.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 12:55 pm