Streetbeat News

Partnerships

LCID

Lucid Group Inc (NASDAQ:LCID) shares fell after reporting mixed Q1 results, with revenue exceeding estimates but an adjusted loss per share missing expectations. The company delivered more vehicles than the previous year but produced fewer. Lucid raised $1 billion, ending the quarter with $5.03 billion in liquidity. CEO Peter Rawlinson highlighted Lucid's technology and partnership with the PIF as differentiators. The company aims to produce 9,000 vehicles in 2024 and is focusing on cost optimization and significant growth. Needham analyst Chris Pierce maintained a Hold rating on LCID.

Portfolio Pulse from Adam Eckert

May 07, 2024 | 1:45 pm

AAOI

META

FibeReality's Mark Lutkowitz revealed on LinkedIn that Applied Optoelectronics has potentially secured a second hyperscaler account with META, indicating a significant business development for the company.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:43 pm

IPWR

Ideal Power Inc. (NASDAQ:IPWR) has entered into an agreement with a global leader in circuit protection, industrial fuses, and power conversion electronics to test and evaluate its B-TRAN bidirectional semiconductor power switch. This collaboration aims to explore B-TRAN's application in various industrial markets such as renewable energy, energy storage, rail/transportation, and electric vehicle (EV) power management. The partnership could lead to design wins or a customer development agreement, leveraging B-TRAN's advantages in efficiency and system cost reduction.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:28 pm

DIS

NFLX

Disney's CEO announced during a conference call that the company is now considering licensing content to Netflix with a more open mind. Additionally, Disney is exploring other selective licensing opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:25 pm

IAC

MSFT

Dotdash Meredith (DDM), America's largest digital and print publisher, has entered into a strategic partnership and licensing agreement with OpenAI to enhance ChatGPT with content from DDM's 40+ media brands, including PEOPLE and Better Homes & Gardens. This collaboration will also involve the development of new AI products and the enhancement of DDM's cookieless ad targeting solution, D/Cipher, with AI capabilities. The partnership aims to provide ChatGPT users with trusted content and improve ad performance for advertisers by leveraging OpenAI's technology.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:24 pm

CBSTF

CRLBF

Workers at the Cannabist Company in North Hollywood and Studio City, Los Angeles, have voted to join Teamsters Local 630 to improve pay, working conditions, and gain respect in the workplace. This follows a trend in the cannabis industry where workers are increasingly organizing, as seen with recent unionization efforts at Cresco Labs and Verano Holdings Corp among others. The move aims to secure better terms through collective bargaining, reflecting growing organizing momentum within the industry.

Portfolio Pulse from Nina Zdinjak

May 07, 2024 | 1:23 pm

VRNS

Varonis Systems, Inc. (NASDAQ:VRNS) has introduced prompt monitoring to its Microsoft 365 Copilot security offering, enhancing its data security platform. This feature enables security teams to investigate risky AI interactions, including prompt hacking, within Microsoft 365 environments. Varonis leverages machine learning for user behavior profiling and anomaly detection, and offers additional support through its Athena AI assistant and Managed Data Detection and Response service. As a top-tier Microsoft partner, Varonis aims to facilitate the secure adoption of Microsoft 365 Copilot for organizations, which can also request a free Data Risk Assessment via the Azure Marketplace.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:21 pm

MULN

Mullen Automotive, Inc. (NASDAQ: MULN) announces its subsidiary, Bollinger Motors, has partnered with Amerit Fleet Solutions to provide mobile service and maintenance for Bollinger's commercial EV fleet customers. The agreement covers EV service and warranty support for the Bollinger B4 and future vehicles in key states. Amerit will offer maintenance and repair services outside Bollinger's authorized dealer service areas, enhancing nationwide coverage and fleet efficiency. This partnership follows Bollinger Motors' recent strategic moves, including partnerships for battery supply and vehicle assembly, expansion of its dealer network, and qualification for federal clean vehicle tax credits.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:20 pm

AAPL

RIVN

Rivian shares are trading higher after a report indicated that Apple is considering a potential partnership with the electric vehicle manufacturer.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:18 pm

SABR

Sabre Corporation has entered into a strategic partnership with Taiba Investments to implement the SynXis Platform across various brands within Taiba's portfolio. This collaboration aims to enhance the distribution capabilities and optimize revenue streams for Taiba's hospitality brands by leveraging Sabre's innovative technology solutions.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:18 pm