Streetbeat News

Partnerships

PARA

Paramount Global is reportedly considering forming a joint venture for its streaming services. This move could potentially enhance its market position and provide additional resources for content creation and distribution.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:24 pm

WIMI

WiMi Hologram Cloud shares are trading higher following the announcement of a joint venture with MicroAlgo to establish a micro-consciousness quantum research center.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:22 pm

FLGC

Flora Growth Corp. (NASDAQ: FLGC) has formed a joint venture with Althea Group Holdings to create Peak USA JV LLC, aiming to capitalize on the U.S. beverages market, particularly in cannabis-infused beverages. Each company contributed $250,000 to the venture.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:21 pm

IRDM

Iridium Communications Inc. (NASDAQ:IRDM) has been awarded a five-year contract worth $94 million by the United States Space Force's Space Systems Command. The contract, which could potentially reach $103 million, is for Enhanced Mobile Satellite Services (EMSS) and security sustainment services.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:20 pm

DSX

Diana Shipping Inc. (NYSE:DSX) has announced a time charter contract for its vessel m/v Polymnia with Reachy Shipping at a gross rate of $17,500 per day, starting June 8, 2024. This contract is expected to generate approximately $7.25 million in gross revenue for the minimum period.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:18 pm

XTIA

XTI Aerospace (NASDAQ:XTIA) has signed a Letter of Intent with AVX Aircraft for the design, development, and certification of the TriFan 600 VTOL aircraft. The definitive agreement is expected to shorten the timeline and reduce costs.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:10 pm

ACI

UBER

Albertsons Companies (NYSE:ACI) and Uber Technologies, Inc. (NYSE:UBER) have announced a food rescue initiative to donate surplus food to local non-profits and food banks. The program, which uses Uber Direct for deliveries, has expanded from Washington, D.C. to Boston, Chicago, and Denver.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:06 pm

VRSK

Verisk's National Equipment Register (NER) has partnered with KYCS Global to enhance security and recovery solutions for equipment. This collaboration aims to leverage both companies' expertise to provide better protection and recovery services for equipment owners.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:05 pm

PARA

PARAA

Paramount's leadership team is set to announce job cuts and plans for a streaming joint venture at their annual meeting.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:05 pm

SWAG

Stran & Company, Inc. (NASDAQ: SWAG) has secured multiple six-figure, multi-year agreements with large national and global organizations. The terms of the agreements were not disclosed. One of the agreements is with a leading manufacturer of recreational watercrafts, which chose Stran for its cost-effective solutions and strong track record.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:04 pm