Streetbeat News

Partnerships

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) has entered into a strategic distribution partnership with Kokusai Security Service to distribute its public safety technologies, including the BolaWrap remote restraint device, Wrap Reality VR Training system, and Intrensic Body Worn Cameras and Cloud Services Solutions in the Asia-Pacific region. This partnership aims to expand the reach of Wrap Technologies' products and enhance public safety by leveraging Kokusai Security's network and expertise.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:17 pm

HWH

HWH International has formed a joint venture, HapiTravel Holding Pte. Ltd., to expand its travel business in Asia. The venture will be owned by HWHPL (19%), Mr. Chan (11%), and Mr. Chen (70%), focusing on strategic alliances to enter new markets and hospitality segments.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:17 pm

AZPN

Aspen Technology, Inc. (NASDAQ:AZPN) has launched AspenTech Strategic Planning for Sustainability Pathways, a new solution for optimizing carbon capture investments, developed in collaboration with Aramco. This initiative is part of an expanded co-innovation program aimed at enhancing sustainability and operational performance across various industries. The solution is designed to assist companies in making informed decisions on carbon capture utilization and storage, aligning with global net-zero objectives.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:06 pm

CRLBF

GTBIF

TCNNF

Pennsylvania is considering a state-run model for recreational marijuana distribution, similar to its liquor store system, as part of efforts to legalize cannabis. Governor Josh Shapiro supports this approach to regulate, tax, and leverage cannabis sales for state revenue and social reform, projecting $250 million annually within five years. The state Senate, traditionally GOP-dominated, is open to legalization discussions. The House proposes state-run shops, while the Senate suggests using existing medical dispensaries. Cresco Labs (CRLBF) and Trulieve (TCNNF) support the Senate's model, emphasizing market readiness and safety. The industry is divided on Shapiro's proposed 20% cannabis tax. Pennsylvania cannabis companies like Cresco Labs, Green Thumb Industries (GTBIF), and others have shown resilience, with a 3% increase in Q1 2024, despite broader economic challenges. The Pennsylvania Liquor Control Board (PLCB) is considered a potential manager for cannabis sales, highlighting the need for clear regulatory guidance.

Portfolio Pulse from Nicolás Jose Rodriguez

April 26, 2024 | 1:04 pm

ARRY

Array Technologies (NASDAQ: ARRY) announced the groundbreaking of a new $50+ million solar manufacturing campus in Bernalillo County, New Mexico, in collaboration with U.S. Energy Secretary Granholm and New Mexico Senators. The facility, supported by the Inflation Reduction Act and state and local investments, aims to create over 300 jobs and strengthen the domestic solar supply chain, marking a significant investment in clean energy and American manufacturing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:48 pm

RGTI

Rigetti Computing, Inc. (NASDAQ:RGTI) announced the launch of the Novera QPU Partner Program, aimed at enabling high-performing, on-premises quantum computing through an ecosystem of hardware, software, and service providers. The program includes founding members like Bluefors, Quantum Machines, and others, offering components like control systems and cryogenics. The Novera QPU, a 9-qubit quantum processing unit, is based on Rigetti's Ankaa-class architecture and is manufactured in their dedicated quantum device facility. The program aims to support the development of quantum computing capabilities and has already seen sales to US government labs and Horizon Quantum Computing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:38 pm

WISA

WiSA Technologies, under CEO Brett Moyer, announced significant developments including the introduction of WiSA E technology and the Propel program aimed at enhancing shareholder value, revenue growth, and industry leadership. The company is preparing for a Special Meeting of Stockholders on May 13, 2024, to vote on proposals crucial for the Propel program's success, including a reverse stock split and amendments to the corporation's governance. WiSA Technologies is positioning itself for long-term success in the spatial audio industry through partnerships, licensing agreements, and strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:38 pm

HCM

HUTCHMED announced that the CHMP has given a positive opinion for fruquintinib for treating metastatic colorectal cancer, marking a potential first novel therapy in this category in the EU in over a decade. This opinion is based on the FRESCO-2 Phase III clinical trial results. Takeda is involved in receiving this opinion, indicating a partnership or collaboration in bringing fruquintinib to the market.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:36 pm

TECH

Bio-Techne and Novomol-Dx have developed Bio-marker Pathfinder, an ocular biomarker kit for point-of-care applications, utilizing Bio-Techne's Ella platform and Novomol-Dx's proprietary algorithms. The kit, aimed at diagnosing and monitoring conditions like Dry Eye Disease and Diabetic Retinopathy, promises accurate and fast results.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:12 am

PFE

Pfizer's BEQVEZ, a one-time gene therapy for adults with Hemophilia B, has received U.S. FDA approval. Pfizer plans to launch an innovative warranty program for BEQVEZ, ensuring financial protection and maximizing access for eligible patients. BEQVEZ is also under review in Europe and has been approved in Canada. Pfizer is further investigating gene therapies for hemophilia A and Duchenne muscular dystrophy, and a treatment for hemophilia A and B, marstacimab, is under review by the FDA and EMA.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:48 am