Streetbeat News

Products Services

BABA

PDD

Chinese e-commerce giants Shein and Temu, owned by PDD Holdings Inc (NASDAQ:PDD), are significantly increasing air freight costs due to the volume of packages they send to the U.S. daily. TikTok Shop and Alibaba Group Holding Ltd (NYSE:BABA) also contribute to the air cargo demand. Temu's expansion in Korea and Japan has led to a substantial increase in subscribers, challenging traditional e-commerce platforms and further pressuring air cargo capacity.

Portfolio Pulse from Surbhi Jain

February 21, 2024 | 2:14 pm

AVPT

AvePoint (NASDAQ:AVPT) announced the addition of three new products to its FedRAMP authorization, aiming to support the U.S. public sector's digital transformation. These products are part of the AvePoint Confidence Platform's Modernization Suite, designed to enhance workplace innovation. Additionally, AvePoint achieved HITRUST CSF v11.0.1 compliance for its platform, supporting the global healthcare industry. This compliance, along with existing SOC 2 Type II certifications, underscores AvePoint's commitment to robust security and privacy standards.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:13 pm

BYND

Beyond Meat, Inc. (NASDAQ:BYND) announced the launch of Beyond IV, the fourth generation of its Beyond Burger and Beyond Beef products, featuring significant nutritional improvements. These include a 60% reduction in saturated fat, 20% less sodium, and the use of avocado oil for heart-healthy monounsaturated fats. The products, developed in collaboration with health experts, are recognized by leading health organizations and are set to roll out in U.S. retailers this Spring.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:11 pm

SEALSQ

SEALSQ has entered into a distribution agreement with Okaya Electronics Corp, although the financial details of the agreement have not been disclosed. This partnership could potentially expand SEALSQ's market reach and distribution capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:11 pm

HYPR

Hyperfine, Inc. (NASDAQ:HYPR) has announced a collaboration with Athletic Heart to provide portable brain imaging for current and retired professional athletes using the Swoop® Portable MR Imaging® system. This initiative began at the 2024 All-Star game in Indianapolis, focusing on retired professional basketball players to enhance their brain health assessments and medical care. The partnership highlights Hyperfine's commitment to making brain MR imaging accessible in various care settings and Athletic Heart's expansion into brain health alongside their cardiac focus.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:10 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares dropped in premarket trading despite announcing a significant contract to provide hydrogen infrastructure and fuel cell solutions to a major U.S. automaker for material handling operations. The project involves setting up a hydrogen infrastructure at a large electric vehicle and battery manufacturing campus, with full operations expected by Q1 2025. Plug Power also announced its Q4 results will be released on March 1, 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 2:09 pm

SEIC

SEI (NASDAQ:SEIC) has made a strategic investment of $10 million in TIFIN, an innovation platform focused on accelerating the adoption of artificial intelligence in wealth management. This partnership aims to enhance client experiences, support business growth, and foster industry talent and innovation through rapid solution delivery, market innovation access, and talent development. SEI's scale and TIFIN's AI expertise are expected to accelerate value and growth in the financial services industry.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:04 pm

TIVC

Tivic Health has successfully completed enrollment for a study focused on a non-invasive bioelectronic method for stimulating the vagus nerve. This development could have significant implications for the medical and health technology sectors, particularly in treatments that involve nerve stimulation.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:04 pm

CPRX

Catalyst Pharmaceuticals announced the publication of Santhera Pharmaceutical's VISION-DMD study results on Vamorolone in the Journal Neurology. This publication could influence perceptions of Vamorolone's efficacy and potential market impact.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:03 pm

SINT

SiNtx Technologies has entered into a second long-term supply agreement to manufacture and supply ceramic aircraft engine components for the aerospace market. This marks another significant step for SiNtx in expanding its presence in the aerospace industry.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 2:02 pm