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Partnerships

ASTS

CB

WMT

Market-Moving News for May 16th includes Walmart's Q1 2025 earnings beat, AST SpaceMobile's commercial agreement with AT&T, and Chubb's stock rise due to Berkshire Hathaway's stake.

Portfolio Pulse from ryanfaloona@benzinga.com

May 16, 2024 | 12:16 pm

SATS

DISH Network and Hughes Network Systems, both EchoStar companies, have announced a new bundled service offering that combines DISH satellite TV with HughesNet satellite internet. This service aims to provide enhanced TV and internet accessibility for rural America.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:09 pm

HON

Honeywell (NASDAQ:HON) has partnered with Enel North America to enhance building automation and demand response solutions for commercial and industrial organizations. The partnership aims to use automation to control and regulate energy loads, thereby stabilizing the power grid.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:08 pm

FLR

Fluor's joint venture with Austin Bridge & Road, Lone Star Constructors, has commenced Phase 1 of the I-35 NEX South project in San Antonio. The $700 million design-build project was awarded to Fluor in Q2 2023 and includes the addition of three elevated lanes along I-35.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:07 pm

HBI

HanesBrands (NYSE:HBI) has extended its partnership with TCU for another five years, securing exclusive rights to manufacture and sell TCU Horned Frog fanwear in the mass retail channel. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:06 pm

TAK

Takeda Canada Inc. has concluded a Letter of Intent (LOI) with the pan-Canadian Pharmaceutical Alliance (pCPA) for LIVTENCITY (maribavir) to treat adults with post-transplant cytomegalovirus (CMV) infection. This agreement allows provinces and territories to start listing LIVTENCITY in their formularies.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:04 pm

TRIN

Trinity Capital has announced a commitment of $60 million in growth capital to Metabolon, a company specializing in metabolomics. This investment aims to support Metabolon's expansion and development efforts.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:57 am

ASTS

AST SpaceMobile shares are trading higher following a definitive commercial agreement with AT&T and the release of mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:17 am

PLUG

Plug Power has signed a 3 GW BEDP contract with Allied Green Ammonia for an electrolyzer project in Australia.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:06 am

DOW

Dow and SCG Chemicals have signed a Memorandum of Understanding to form a circularity partnership in the Asia Pacific region. The goal is to transform 200KTA of plastic waste into circular products by 2030, utilizing both advanced and mechanical recycling methods. This partnership builds on their 37-year joint venture in Thailand.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 10:52 am