Streetbeat News

Partnerships

DMGGF

PYPL

DMG Blockchain Solutions Inc. collaborates with PayPal and Energy Web to decarbonize the Bitcoin blockchain, aiming to develop carbon neutral transaction methods. This partnership focuses on creating a sustainable crypto ecosystem, with initiatives like the Green Mining Initiative and the introduction of PayPal's PYUSD stablecoin. The collaboration seeks to set new industry standards for environmentally sustainable blockchain applications in financial services.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:24 pm

HSDT

Helius Medical Technologies, Inc. (NASDAQ:HSDT) has expanded its clinical program for the Portable Neuromodulation Stimulator (PoNS) device to include stroke recovery, partnering with Shepherd Center. This collaboration marks Shepherd Center as the third site in Helius' U.S. registrational program for PoNS in stroke rehabilitation, focusing on gait and balance deficits in chronic stroke survivors. The study aims to support a regulatory submission for marketing authorization in the U.S. by 2025. Shepherd Center's involvement builds on its previous participation in the PoNS Therapeutic Experience Program for multiple sclerosis, highlighting the potential of PoNS Therapy in improving gait rehabilitation.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:23 pm

MRNA

Moderna's stock price increased following the announcement of a collaboration with OpenAI to advance mRNA medicine. This partnership aims to leverage OpenAI's capabilities to enhance Moderna's research in mRNA technology, potentially leading to significant advancements in medicine.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

LAMR

Lamar Advertising Company (LAMR) has chosen Vistar Media's Cortex software to power its U.S. digital out-of-home (DOOH) billboard network, following a successful partnership in Denver. Lamar, with nearly 5,000 digital billboards offering over 5 billion weekly impressions, completed the Cortex deployment across its network in under six weeks without downtime. This move underscores Lamar's commitment to leveraging cutting-edge technology for impactful advertising and marks a significant expansion of its partnership with Vistar Media.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

CDZI

Cadiz Inc. has entered into a water supply agreement with Solstra Communities to support housing for 4,000 Central Coast working families near Vandenberg Space Force Base. The water will be supplied by Cadiz through exchanges with regional water contractors using its Northern Pipeline.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

BA

SPR

Boeing Co reported a decline in Q1 fiscal 2024 revenue by 8% year-over-year to $16.569 billion, surpassing consensus estimates. The decrease was attributed to lower commercial deliveries and considerations for the grounding of the 737-9. Adjusted loss per share improved to $(1.13) from $(1.27) year-over-year, beating consensus estimates of $(1.76). The company emphasized a commitment to enhancing quality and safety, with a reduction in 737 production to improve quality management. Defense, Space & Security and Global Services segments saw revenue increases. Boeing also made a $425 million advance payment to Spirit Aerosystems Holdings, Inc. (SPR) amid FAA restrictions. Boeing's shares rose 4.01% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

April 24, 2024 | 1:22 pm

BIG

Gordon Brothers has provided Big Lots Inc. with a $200 million delayed draw term loan to support strategic initiatives and enhance working capital flexibility. This partnership aims to assist Big Lots in its turnaround strategy by offering financial flexibility and enabling the execution of short- and long-term strategies.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:21 pm

NCNC

noco-noco Inc. (NASDAQ:NCNC) has signed a Memorandum of Understanding with Binex Inc. Tokyo to develop agriculture-based carbon credits, leveraging sorghum cultivation for biofuel production and soil carbon sequestration. This collaboration aims to support climate action initiatives and aligns with United Nations ESG goals. noco-noco's involvement extends beyond its X-SEPA technology for lithium-ion batteries, indicating a diversification into sustainable agriculture practices.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:20 pm

TSLA

Huawei, a Chinese tech giant and competitor to Apple Inc, has launched a new software brand for intelligent driving named 'Qiankun.' This software aims to revolutionize the electric vehicle (EV) industry by providing self-driving systems. Huawei's Intelligent Automotive Solution (IAS) business unit CEO, Jin Yuzhi, announced the software ahead of the Beijing auto show, with plans for mass commercialization by 2024. Huawei also plans to install 100,000 EV charging stations in China by 2024, directly competing with Tesla. Despite potential U.S. sanctions on Chinese semiconductor firms associated with Huawei, the company has begun mass deliveries of the Luxeed S7 electric sedan in collaboration with Chery Auto. Tesla, on the other hand, is preparing to launch its Full Self-Driving feature in China and has recently reduced the price of its FSD package.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 1:19 pm

ADSK

Autodesk, Inc. (NASDAQ:ADSK) and the Nemetschek Group have entered into an interoperability agreement to enhance collaboration and efficiency in the architecture, engineering, construction, operations (AECO), and media and entertainment (M&E) industries. This agreement aims to improve the exchange of information across the companies' cloud and desktop products, leveraging Autodesk Platform Services (APS) for better project outcomes. The partnership emphasizes openBIM standards and will provide mutual access to APIs and industry clouds, facilitating improved data exchanges and new data-centric workflows across various software solutions.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:18 pm