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EADSY

REE

UHAL

REE Automotive has started deliveries to customers including Penske, U-Haul, and Airbus. Penske Truck Leasing is offering REE's electric vehicles to its customers, U-Haul is evaluating REE's electric platform for fleet electrification, and Airbus is collaborating with REE on an autonomous program.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:42 am

F

TSLA

Chinese automakers are gaining ground in the UK, with BYD seeing a 2500% jump in registrations, while Tesla and Ford face declines. Increased competition and price wars are impacting the market, with Western nations considering tariffs to protect domestic players.

Portfolio Pulse from Anan Ashraf

May 30, 2024 | 10:40 am

PLTR

Palantir shares are trading higher after the company was awarded a $480 million Army contract for the Maven Smart System prototype.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:39 am

CLNE

Cemex US has signed a deal with Clean Energy Fuels Corp. (NASDAQ:CLNE) to provide renewable natural gas (RNG) for its fleet in Southern California. The agreement includes the construction of a private fueling station for Cemex's trucks, expected to be completed by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:35 am

ESAB

ESAB Corporation (NYSE:ESAB) announced its agreement to acquire Linde Industries Private Limited (LIPL), a leading welding consumables and equipment company in Bangladesh. The acquisition, which is ESAB's third this year, aims to strengthen its market presence in South Asia. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:32 am

DSTRF

FIAC

DevvStream Holdings Inc. (OTC:DSTRF) and E-Fill Electric LLC have entered a definitive agreement to generate carbon credits through E-Fill's EV charging stations in India. This collaboration aims to create a new revenue stream and support infrastructure expansion. DevvStream is also progressing towards a SPAC merger with Focus Impact Acquisition Corp. (NASDAQ:FIAC), expected to close in Q3 2024.

Portfolio Pulse from Akanksha Bakshi

May 30, 2024 | 10:31 am

DSTRF

FIAC

DevvStream has announced a partnership with E-Fill to generate carbon credits from an electric vehicle charging network in India. This collaboration aims to leverage the growing EV market in India to create environmental benefits and new revenue streams.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:30 am

BP

EOG

SHEL

BP and Trinidad's NGC have received a two-year license from the U.S. Treasury Department to develop the Cocuina-Manakin gas fields with Venezuela. This follows a similar authorization for Shell and NGC for the Dragon gas field. BP had suspended negotiations until receiving this authorization. Venezuela aims to start gas exports to secure revenue. BP, Shell, and EOG Resources have also offered six bids to Trinidad and Tobago.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 10:26 am

BYND

EWC

Beyond Meat has announced the launch of Beyond Steak in Canada, aiming to capture a significant portion of the Canadian market. This move is part of Beyond Meat's strategy to expand its product offerings and market reach.

Portfolio Pulse from Charles Gross

May 30, 2024 | 10:10 am

ACHR

Archer Aviation Inc. (NYSE: ACHR) has partnered with KakaoMobility to supply up to 50 Midnight eVTOL aircraft worth up to $250M. This agreement includes pre-delivery payments and aims to support Archer's commercialization efforts in Korea. KakaoMobility will make an initial payment of $7M in 2024, followed by a second installment in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:07 am