Streetbeat News

Partnerships

AAPL

GOOG

VGT

XLK

Apple Inc has established a secretive AI lab in Zurich, recruiting AI experts from Google, aiming to enhance iPhone capabilities. The lab focuses on advanced AI models crucial for new product development. Apple plans to introduce new AI features at its Worldwide Developers Conference, potentially boosting its stock. Analysts expect a slight revenue increase for the March quarter but a guide-down for June, with a focus on revenue from China and growth in Services revenue. Apple's stock has seen over 2% growth in the last 12 months, with exposure available through VGT and XLK ETFs.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 4:07 pm

INGR

LBB Specialties announces a principal partnership with Ingredion Incorporated (NYSE:INGR), becoming the exclusive channel partner in the U.S. and Canada for Ingredion's personal care product portfolio, including FARMAL bio-based polymers and NATIVACARE natural polymers. This collaboration aims to enhance LBB Specialties' commitment to innovation and sustainability, offering high-quality, nature-based solutions for the personal care industry. Ingredion's portfolio is recognized for its plant-based solutions that meet consumer demands for clean, sustainable, and effective personal care ingredients.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:28 pm

WMT

Walmart has inaugurated a new high-tech consolidation center in Minooka, Illinois, spanning over 492,000 square feet and expected to create 700 jobs. This facility, the third of its kind in Walmart's supply chain, will utilize automated technology to triple the volume throughput and enhance supply chain efficiency. It aims to ensure product availability across all 4,700 Walmart stores by facilitating small to medium-sized regional suppliers. The technology will also streamline purchase order fulfillment for suppliers, reduce lead times, and enable faster delivery, with the savings potentially passed on to customers through lower prices.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:03 pm

WBD

Warner Bros. Discovery shares are trading lower following reports that NBCUniversal is preparing to make an offer for NBA broadcasting rights, potentially taking them away from TNT, a Warner Bros. Discovery network.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:03 pm

BLND

LLY

WGS

Eli Lilly raised its FY24 revenue guidance, leading to a 6.6% surge in its shares. Other companies like GeneDx Holdings, Blend Labs, and LendingTree also reported positive financial results or strategic moves, contributing to significant stock gains. Notable mentions include Harmonic Inc., ATI Inc., and Clearwater Paper Corporation, among others, all experiencing stock price increases following upbeat quarterly results or guidance updates.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 2:53 pm

CG

The IG Metall Union in Germany reported that it had initial discussions last week with Carlyle Group (CG) regarding a potential investment in Thyssenkrupp Marine Systems. The union emphasized that a sale to private equity investors like Carlyle would only be feasible if the government intervenes to safeguard naval shipbuilding. Both parties aim to finalize a Best-And-Fair-Owner Agreement swiftly.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:50 pm

AMZN

CMCSA

DIS

WBD

The battle for NBA media rights is intensifying with Comcast Corporation's NBCUniversal nearing a deal for $2.5 billion annually, potentially outbidding Warner Bros. Discovery, which risks losing its current rights. Disney is expected to renew its deal at $2.6 billion annually, a significant increase from its current payment. Amazon is also in talks for streaming rights, indicating a shift towards streaming platforms for sports broadcasting. This shift underscores the importance of sports rights in attracting and retaining cable and streaming subscribers.

Portfolio Pulse from Chris Katje

April 30, 2024 | 2:49 pm

HPH

Highest Performances Holdings Inc. (NASDAQ:HPH) has signed a third supplementary agreement with White Group to fund Zhongxin International Sports Group for bidding on sports event intellectual property rights. HPH will acquire 26.5% equity in Zhongxin and jointly invest in major sports events with White Group, including International Tennis Federation events and Formula 1 World Championship events in China.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:13 pm

VZ

Houston Dynamo Football Club extends its partnership with Verizon for the 2024 season, featuring Verizon as the presenting partner for Fan Appreciation Weekend and Hispanic Heritage Night, along with branding on training tops and presenting the starting XI lineup.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:11 pm

CZR

Caesars Entertainment, Inc. (NASDAQ:CZR) announced a comprehensive upgrade to its Caesars Palace Online Casino mobile app on iOS and Android, featuring a multi-lobby navigation layout, enhanced user experience, and integration with Caesars' loyalty program. The upgrade includes speed enhancements, a customized interface, and a pipeline of new games, aiming to set industry standards in online casino gaming. The app's integration with Caesars Rewards allows for earning rewards through online play, redeemable for various experiences and bonus cash.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:07 pm