Streetbeat News

Partnerships

BLNK

Blink Charging Co. (NASDAQ:BLNK) shares rose after announcing a contract to become the official EV charging provider for New York State, aiming to electrify state and municipal fleets and offer public charging solutions. The deal includes supplying Level 2 and DC fast chargers, along with services like site evaluation, setup, maintenance, and training. Blink will also provide EV charging network services, including monitoring, reporting, billing, and support. Additionally, Blink's UK unit partnered with Evri for an EV charging hub in Rugby.

Portfolio Pulse from Nabaparna Bhattacharya

May 02, 2024 | 5:12 pm

MRK

MRNA

Merck & Co Inc (NYSE:MRK) reported positive Phase III trial results for its gastric cancer treatment, showing significant improvement with its Keytruda regimen. The company also reported strong Q1 results, with a 9% YoY revenue increase to $15.78 billion, driven by Keytruda and vaccine sales. Despite the upcoming Keytruda patent expiration in 2028, Merck is preparing with new deals and drug launches, including a promising collaboration with Moderna Inc (NASDAQ:MRNA) on a melanoma treatment using mRNA technology.

Portfolio Pulse from Upwallstreet

May 02, 2024 | 4:53 pm

SIRI

President Joe Biden's intimate interview with Howard Stern on SiriusXM, facilitated by Hillary Clinton, showcases his personal side, including his past struggles and law school history. This appearance is part of Biden's recent efforts to engage with the public through various media platforms, contrasting with his 2024 election rival Donald Trump's approach. The interview aims to connect with voters on a personal level, similar to Stern's past interviews, including one with Hillary Clinton in 2019.

Portfolio Pulse from Chris Katje

May 02, 2024 | 4:50 pm

ENVX

Enovix Corporation (NASDAQ:ENVX) shares surged after reporting Q1 sales of $5.272 million, surpassing analyst expectations of $3.779 million, a significant increase from $21,000 in the same period last year. Despite this, the company reported a quarterly loss of 31 cents per share, missing the consensus estimate of a 29-cent loss. Enovix also announced a development agreement with a top smartphone OEM, highlighting the potential of its silicon batteries for next-generation smartphones. The stock's movement is partly attributed to 31.1% of its shares being sold short.

Portfolio Pulse from Erica Kollmann

May 02, 2024 | 4:06 pm

UMGNF

Universal Music Group NV (UMGNF) and TikTok have entered into a new licensing agreement, aiming to enhance benefits for Universal's artists, songwriters, and labels through TikTok's global platform. The partnership focuses on improved remuneration, promotional opportunities, and AI protections for Universal's music catalog. This strategic collaboration is designed to leverage TikTok's technology and e-commerce capabilities for monetization, while also addressing unauthorized AI-generated music.

Portfolio Pulse from Shivani Kumaresan

May 02, 2024 | 3:34 pm

SMTC

Semtech Corporation (NASDAQ:SMTC) and Console Connect announced a collaboration to expand Semtech's AirVantage Smart Connectivity service in the Asia-Pacific region. This partnership leverages Console Connect's IMSI service and roaming network to enhance Semtech's service coverage, offering global cellular network flexibility, overcoming regulatory and roaming restrictions. The collaboration aims to provide seamless and affordable roaming for Semtech customers, with access to over 600 partner networks in more than 190 countries, ensuring continuous global connectivity for IoT deployments.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:32 pm

SGBX

Safe & Green Holdings (SGBX) shares are trading higher following the announcement of its collaboration with Britten for the sales of modular units. This partnership marks a significant development for SGBX, indicating potential growth and expansion in its business operations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:22 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen a notable surge in options activity, with Benzinga's tracking revealing 10 significant trades. The sentiment is mixed, with 50% bullish and 40% bearish, focusing on a price target between $60.0 and $90.0. The largest trades include both calls and puts, with a notable put at a strike price of $74.00 and calls up to $85.00. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently trading at $73.53, with an upcoming earnings report in 5 days.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 3:19 pm

CMCSA

Comcast has been awarded over $61M by the Commonwealth of Pennsylvania to expand its network to unserved and underserved homes and businesses across 158 municipalities in 13 counties. This expansion, expected to complete by late 2026, will provide gigabit plus speeds and access to Comcast's suite of services including Xfinity Internet, TV, Streaming, Mobile, and Comcast Business Internet. The project is part of the Broadband Infrastructure Program funded by the CPF, with additional matching funding from Washington County. Comcast's expansion efforts in Pennsylvania also include significant investments in technology, infrastructure, digital equity, and community partnerships.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:12 pm

ORCL

Oracle and TIM have announced a collaboration to accelerate cloud adoption in Italy, integrating Oracle Cloud Infrastructure (OCI) into TIM's managed cloud services. This partnership will enable public and private sector organizations in Italy to access OCI's high-performance and secure cloud services, including AI and data analytics. TIM will host Oracle's second cloud region in Italy in Turin, enhancing business continuity and addressing digital sovereignty and compliance requirements by keeping data within Italy. The collaboration underscores Oracle's commitment to expanding its cloud services globally and TIM's dedication to providing innovative cloud solutions in the Italian market.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:06 pm