Streetbeat News

Partnerships

BHP

IE

Ivanhoe Electric (IE) has announced an exploration alliance with BHP to expedite the search for copper and other critical minerals in the United States. This partnership aims to leverage both companies' resources and expertise to address the growing demand for these essential resources.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:49 am

IGT

International Game Technology (IGT) announced a five-year contract through its subsidiary, IGT Global Solutions Corporation, with the Atlantic Lottery Corporation. This agreement aims to enhance gaming experiences in Atlantic Canada by introducing high-performing features and new games.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:48 am

AMZN

NOK

TEF

VCR

XLY

Telefonica S.A. (NYSE:TEF) has launched a new 5G core network in collaboration with Nokia Corporation (NYSE:NOK) and Amazon.com Inc's (NASDAQ:AMZN) AWS, marking a significant shift in the telecommunications industry by moving its core network to the cloud. This move, a first for an existing mobile operator, highlights Amazon's expansion into global telecommunications and sets a new industry precedent. The transition aims to enhance network reliability, scalability, and efficiency, with a long-term goal of migrating a significant customer base by 2025-2026. The telecom cloud market is expected to grow substantially, offering opportunities for companies like Amazon. Amazon's stock, along with exposure through ETFs like the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) and Vanguard Consumer Discretionary ETF (NYSE:VCR), could see impacts from this venture.

Portfolio Pulse from Shivani Kumaresan

May 08, 2024 | 10:44 am

TT

Trane Technologies (TT) has entered into a partnership with the U.S. Department of Energy to participate in a new Heat Pump Technology Challenge aimed at advancing building decarbonization. This initiative is part of a broader effort to promote energy efficiency and reduce carbon emissions in the building sector, which is a significant contributor to global greenhouse gas emissions. The collaboration underscores Trane Technologies' commitment to sustainability and its role in developing innovative solutions for environmental challenges.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:40 am

INFY

Infosys announced a collaboration with Yunex Traffic to accelerate SAP S/4HANA-led digital transformation in 16 countries, including the US, UK, and Germany. This partnership aims to enhance Yunex Traffic's operational efficiencies and innovation capabilities globally.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:20 am

OPY

Oppenheimer Europe, a subsidiary of Oppenheimer Holdings, announced the expansion of its European investment banking operations with the hiring of Dmitry Gladkov and Konstantin Derkatschew.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:14 am

SPNS

Sapiens International (SPNS) reported a solid first quarter with a 7.6% year-over-year growth, reaching $134 million in total revenue. The company saw a 9.5% revenue growth in North America and a 12.7% increase in Annualized Recurring Revenue (ARR) to $168 million. Operating profit was $24 million, with an 18.1% margin. Sapiens is transitioning to a SaaS model, supported by a partnership with Microsoft, enhancing its solutions with GenAI. The company reiterated its 2024 revenue guidance of $550M-$555M and an operating margin of 18.1%-18.5%.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:03 am

V

MoneyHash, a key player in the Middle East and Africa's payment sector, has announced a partnership with Visa to deliver secure and enhanced digital payment experiences. This collaboration aims to leverage Visa's global digital payments expertise to benefit MoneyHash's operational regions.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:55 am

ACMR

ACM Research, Inc. (NASDAQ:ACMR) has appointed David Kim as the CEO of ACM Research Korea, leveraging his over thirty years of experience in semiconductor manufacturing, including senior roles at Hyundai Electronics and SK Hynix.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:54 am

TSLA

Tesla Inc (NASDAQ:TSLA) has received approval from Chinese authorities to conduct robotaxi tests in China using its full self-driving (FSD) software, although widespread use of FSD functions has not been approved. This development follows CEO Elon Musk's visit to China and meeting with Chinese Premier Li Qiang. Additionally, Tesla has partnered with Baidu Inc. for lane-level mapping and navigation data in China, and two of its vehicles have met China's data security requirements, marking progress towards FSD deployment in China.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 8:37 am