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Partnerships

OMQS

OMNIQ Corp's shares surged following the announcement of a follow-on order for its AI-based machine vision solution, aimed at a Homeland Security project. This development signifies the company's continued involvement and success in providing critical technology solutions for national security.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:38 pm

CDTX

OPTN

ULBI

Ultralife (ULBI) shares surged 26% following better-than-expected Q1 results. Cidara Therapeutics (CDTX) shares jumped 41% after announcing the divestiture of rezafungin, reacquiring rights to CD388, and securing $240 million in financing. Optinose (OPTN) shares increased 36% with the company expecting positive income from operations by 2025.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:31 pm

NRGV

Energy Vault Holdings, Inc. (NYSE:NRGV) and NV Energy have announced the commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada. This 220MW/440MWh grid-tied system, built on a decommissioned coal-fired electric generating site, is designed to store and dispatch excess renewable energy. It represents the largest BESS owned by Nevada Energy, delivered under a full turnkey contract by Energy Vault. The system aims to provide clean energy and grid resiliency, supporting Nevada's carbon neutrality goals.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:24 pm

ACHR

Archer Aviation Inc. has signed a significant agreement with Abu Dhabi to accelerate the commercialization of its air taxi operations in the UAE, including in-country manufacturing and training. The deal, announced at the DRIFTx mobility event, involves multi-hundred-million dollar investments and aims to launch air taxi operations with Archer's Midnight aircraft as early as next year. This partnership with the Abu Dhabi Investment Office (ADIO) also includes the development of vertiports, operational support, and the establishment of Archer's international headquarters in Abu Dhabi.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:23 pm

NVDA

ORCL

Oracle announced the availability of NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster in the Oracle U.S. Government Cloud region, enhancing sovereign AI capabilities for U.S. government customers. This collaboration between Oracle and NVIDIA provides a secure, scalable platform for developing and deploying AI solutions, leveraging NVIDIA's H100 and A100 Tensor Core GPUs for high-performance computing and AI applications. The service aims to meet stringent security and compliance requirements, offering a comprehensive suite of tools for AI development and deployment.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:21 pm

AMZN

V

Visa (NYSE:V) has joined the AWS Partner Network to streamline digital payment services for its clients, including cloud-native fintechs and financial institutions. This collaboration will make select Visa services available in the AWS Marketplace, enhancing global payment processes and connectivity. Visa's integration into AWS aims to simplify transactions, reduce operational costs, and accelerate service deployment for its clients. Additionally, Visa is now part of AWS Activate, offering up to $100,000 in credits to eligible fintech startups to foster growth and innovation in digital payments.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:09 pm

XOMA

Xoma Corporation has earned $9 million due to the FDA's accelerated approval of Day One's Ojemda (Tovorafenib) for treating relapsed or refractory BRAF-Altered Pediatric Low-grade Glioma. This milestone payment is a significant financial event for Xoma, highlighting the company's involvement in the development and success of Ojemda.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:07 pm

WPP

WPP reported a Q1 revenue of £3.4 billion, a decrease of 1.4% year-over-year but an increase of 2.1% on a like-for-like basis. Revenue less pass-through costs was £2.7 billion, down 5.0% YoY and 1.6% like-for-like. Additionally, WPP is collaborating with Georgia Power on a pilot program for EV owners in Georgia.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:59 am

HUGE

FSD Pharma announced that Celly Nu has entered into a strategic partnership with Six+One for the beverage product unbuzzd, which uses FSD Pharma's licensed technology to relieve the effects of alcohol. FSD Pharma will receive royalties from sales of products using this technology.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:58 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower in the premarket session despite announcing a multi-year strategic partnership with Parexel to enhance clinical trial delivery using Palantir's Foundry and AI Platform. The collaboration aims to boost clinical trial efficiency and safety. Palantir is set to report its Q1 financial results soon, with analysts expecting earnings of 8 cents per share and quarterly revenue of $625.33 million.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 11:55 am