Streetbeat News

Partnerships

FOUR

The Kansas City Chiefs have partnered with Shift4 (NYSE:FOUR) to utilize its integrated payments and commerce technology for processing ticket sales at GEHA Field at Arrowhead Stadium. This collaboration highlights Shift4's role in enhancing the ticket purchasing experience for fans of the back-to-back Super Bowl champions.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:09 pm

CTVA

RKDA

Arcadia Biosciences sells its non-GMO Resistant Starch Durum Wheat trait to Corteva Agriscience for $4M, retaining rights for its GoodWheat portfolio use. The deal includes 24 patents in 20 countries, advancing Arcadia's wheat technology monetization.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:08 pm

PLUG

Plug Power Inc. has received a conditional commitment for a loan guarantee up to $1.66 billion from the Department of Energy to finance the development, construction, and ownership of up to six green hydrogen production facilities.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:07 pm

APLD

Applied Digital Corporation announced the creation of a new subsidiary, Applied Digital Cloud Corporation, which will encompass the company's Cloud services business, previously known as SAI Computing LLC. Richard Nottenburg, a board member, will chair the new subsidiary.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:06 pm

ENVB

Enveric Biosciences (NASDAQ:ENVB) has signed a non-binding term sheet with MindBio Therapeutics to out-license a class of Novel Psilocin Prodrugs for treating neuropsychiatric conditions. The deal could lead to MindBio advancing a drug candidate, with potential payments to Enveric up to $66.5 million plus royalties. This partnership aims to leverage psychedelic-based compounds for neuropsychiatric treatments, highlighting the synergy between Enveric's molecular discovery and MindBio's innovative approach.

Portfolio Pulse from Nina Zdinjak

May 14, 2024 | 12:00 pm

GILD

XLO

Xilio Therapeutics reported Q1 cash and cash equivalents of $34M. The company received a $30M upfront payment from Gilead in April 2024 and raised approximately $14.6M through a private placement in April 2024. These funds are expected to extend Xilio's cash runway into Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:45 am

AON

Binary Defense, a Managed Detection and Response (MDR) provider, has announced a collaboration with Aon, a global professional services firm, to become Aon's exclusive MDR provider for small and medium-sized enterprises. The financial terms of the collaboration were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:10 am

VERI

Veritone has announced a strategic partnership with Creative Artists Agency for the launch of theCAAvault, a new initiative aimed at leveraging Veritone's artificial intelligence technology. This collaboration is expected to enhance content creation and management for Creative Artists Agency's diverse client base.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:10 am

STLA

Stellantis shares are trading higher following President Biden's announcement of tariffs on Chinese electric vehicles (EVs). Additionally, Stellantis and Leapmotor are set to begin sales of budget EVs in nine European countries.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:47 am

LLAP

LMT

Terran Orbital is continuing its review of strategic alternatives, with no updates provided unless deemed necessary. The company acknowledged Lockheed Martin's withdrawn proposal to acquire Terran Orbital shares at $1.00 each, emphasizing the value of their strategic relationship and openness to future arrangements.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:34 am