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Partnerships

DIS

WBD

Walt Disney Co. (NYSE:DIS) and Warner Bros. Discovery (NASDAQ:WBD) are collaborating to offer a new streaming bundle, including Disney+, Hulu, and Max, launching in the U.S. this summer. CNBC's Alex Sherman dubbed this the 'great rebundling,' indicating a trend towards more media partnerships. The bundle will have both ad-supported and ad-free options, with pricing details to be announced. This collaboration is part of Disney's strategy to enhance its streaming services, alongside securing NBA rights and adjusting its Marvel content strategy.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 9:50 am

VLRS

Volaris and Frontier Airlines have reactivated their codeshare agreement, enhancing connectivity between the U.S. and Mexico. This partnership allows Frontier customers to book flights to Mexico via Volaris starting May 16th, 2024. Volaris operates over 460 daily flights, connecting 44 cities in Mexico and 29 in the U.S., Central, and South America, including major destinations like Mexico City and Cancun.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:36 am

AIXI

Xiao-I has entered into a strategic partnership with a leading Hong Kong insurance company to integrate its AI products, iRobot and iVoice, into the insurer's customer service operations. This move aims to revolutionize customer interactions by enhancing efficiency and personalization.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:26 am

MIELY

Mitsubishi Electric Corporation has secured a contract from JAXA to supply lithium-ion batteries for the Gateway lunar orbiting space station, contributing to the Artemis Program.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:23 am

BTCUSD

ETHUSD

Donald Trump, during a campaign speech, endorsed cryptocurrencies and expressed his intention to allow crypto donations to his 2024 campaign. He also commented negatively on a meme coin parodying Joe Biden, which then surged over 14%. Trump's crypto portfolio is valued over $5.6 million, including MAGA Coin, Ethereum, Wrapped Ether, and other memecoins. His stance on Bitcoin has softened, contrasting with the Biden administration's veto against legislation for financial institutions to hold cryptocurrencies. Standard Chartered predicts a positive outlook for cryptocurrencies if Trump is re-elected.

Portfolio Pulse from Aniket Verma

May 09, 2024 | 8:10 am

DIS

WBD

Disney (NYSE:DIS) and Warner Bros. Discovery (NASDAQ:WBD) are collaborating to launch a new streaming bundle in the U.S. this summer, featuring Disney+, Hulu, and Max. The bundle will offer ad-supported and ad-free options, with pricing details to be announced. This initiative, aimed at providing more choice and value, coincides with a strategic shift in the streaming industry from focusing on subscriber numbers to prioritizing revenue. Disney recently reported a profit for Disney+ and Hulu for the first time, and Warner Bros. Discovery is set to report its earnings soon. Additionally, Disney and Comcast are negotiating the valuation of Disney's stake in Hulu.

Portfolio Pulse from Ananya Gairola

May 09, 2024 | 7:22 am

DOGEUSD

FLOKIUSD

SHIBUSD

Floki, a cryptocurrency named after Elon Musk's dog, has become the title sponsor for the upcoming cricket series between Ireland and Pakistan, signaling its growing mainstream penetration, especially in sports. This partnership, along with previous sponsorships in cricket, aims to boost Floki's brand awareness and adoption among sports fans. Floki is trading up, contrasting with other meme cryptocurrencies like Dogecoin and Shiba Inu, which have lost value. Floki's efforts to add utility to its token, including a staking service and an asset tokenization platform, TokenFi, are part of its strategy to transcend the meme coin category.

Portfolio Pulse from Aniket Verma

May 09, 2024 | 7:20 am

WBD

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is anticipated to report a narrower Q1 loss at 24 cents per share compared to last year's 44 cents, with revenue expected at $10.23 billion, down from $10.7 billion. The company has also entered a strategic advertising partnership with Locality. Analysts have mixed views, with ratings ranging from Underperform to Buy and price targets adjusted accordingly.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 6:36 am

MSFT

Microsoft Corp. (NASDAQ:MSFT) has entered into a $10 million deal with U.K.-based Informa to access its data, aiming to enhance its AI capabilities. The agreement, running from 2024 to 2027, is expected to improve Informa's operational performance and align with its revenue and profit guidance. This partnership is part of Microsoft's broader strategy to invest in AI, including a $3.3 billion AI data center and new AI models to compete with Google and OpenAI. Microsoft's stock saw a slight increase following the announcement.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 5:54 am

TSLA

Wedbush analyst Dan Ives highlighted the critical role of China in Tesla Inc.'s growth, particularly with the company's plans to test robotaxis in the country. Despite the Chinese government not fully approving Tesla's Full Self-Driving functions, it has allowed some robotaxi trials. This development, along with Tesla's partnership with Baidu for driver assistance features, underscores China's importance to Tesla's global strategy. The focus on China comes amid a broader executive shake-up at Tesla, emphasizing the region's significance in Tesla's expansion.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 5:35 am