Streetbeat News

Partnerships

MCD

McDonald's has initiated a collaboration with a Chinese watchdog in response to reported food safety concerns, committing to enhance restaurant regulation. This move comes after unspecified food safety issues were highlighted, prompting the fast-food giant to take immediate action to address these concerns and ensure compliance with local regulations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:22 pm

VFF

Village Farms International (NASDAQ:VFF) reported a 49% increase in cannabis sales to $37.4 million, marking a strong start to the fiscal year. The company is strengthening its board with the addition of Carolyn Hauger, who has extensive finance and operations experience. Village Farms is focusing on expanding its cannabis market in Europe, particularly in Germany, where it has begun shipping its Canadian strains. The company's shares saw a slight increase in price following these announcements.

Portfolio Pulse from Jelena Martinovic

May 13, 2024 | 2:17 pm

INTC

Kevin O'Buckley has been appointed as the new senior vice president and general manager of Foundry Services at Intel Corporation, taking over from Stuart Pann who retires at the end of May. O'Buckley, now part of Intel's executive leadership, will report directly to CEO Pat Gelsinger and oversee the company's systems foundry growth strategy.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:16 pm

TMC

TMC's subsidiary, NORI, has submitted a comprehensive environmental data set to the International Seabed Authority (ISA), detailing findings from the NORI-D exploration area up to January 2022. This submission includes extensive biological, seafloor imagery, and time-series data from three years of monitoring. It's part of a larger effort involving hundreds of terabytes of data collected over more than a decade, aimed at supporting NORI's application for an exploitation contract in the Clarion Clipperton Zone (CCZ).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:15 pm

GOOG

GOOGL

HPQ

Alphabet announced its plans to bring its Starline project out of the lab, partnering with HP to start commercializing the experience in 2025. This move marks a significant step towards bringing advanced communication technologies to the market, leveraging Alphabet's innovative capabilities and HP's commercial reach.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:09 pm

RTX

Pratt & Whitney Canada's PW545D engine, part of RTX, received Transport Canada Civil Aviation type certification, marking a step closer to powering Textron Aviation's Cessna Citation Ascend business jet. The engine offers improved fuel efficiency, greater thrust, and longer periods between overhauls.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:04 pm

SKX

SLE

Super League (NASDAQ:SLE) partners with Skechers (NYSE:SKX) and Century Games to open its first virtual store in Livetopia's Topia Mall on Roblox. This collaboration aims to engage young consumers by bringing the Skechers brand to life in an immersive experience.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:03 pm

NVAX

SNY

Novavax shares are experiencing an uptick due to the momentum from a recent co-exclusive licensing agreement with Sanofi for the commercialization of a COVID-19 vaccine and the development of COVID-influenza combination vaccines.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:27 pm

BBY

GPRO

GoPro, Inc. (GPRO) has announced a significant retail expansion at Best Buy (BBY), featuring new product displays, an assisted sales program, and comprehensive in-store and digital marketing efforts to enhance the GoPro customer experience.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:17 pm

APO

FTXL

INTC

SHOC

Intel Corp is in advanced talks with Apollo Global Management for an $11B partnership to build a chip plant in Ireland. The deal, expected to close in the coming weeks, aims to expand Intel's chip-making capacity amid rising demand and financial challenges. Intel's expansion includes facilities in Arizona, Ohio, and Ireland, competing with Taiwan Semiconductor and Samsung Electronics. The company seeks financing due to high project costs and a slowdown in its PC and server chip business. Intel's stock has seen modest gains, and the deal could attract government grants under the Chips Act of 2022.

Portfolio Pulse from Shivani Kumaresan

May 13, 2024 | 1:12 pm