Streetbeat News

Partnerships

AAPL

Apple Inc. is reportedly close to securing global television rights for a new FIFA World Cup-style tournament, marking its further expansion into sports broadcasting. The deal, potentially worth less than the $4 billion FIFA initially estimated, could exclusively bring the event to Apple TV+ subscribers. This follows Apple's successful acquisition of rights for Major League Soccer and Major League Baseball games, underscoring the growing trend of tech companies entering the sports broadcasting space.

Portfolio Pulse from Ananya Gairola

April 23, 2024 | 2:24 am

META

MSFT

Microsoft Corp (NASDAQ:MSFT) has enhanced its AI supercomputing team by hiring Jason Taylor, a former executive from Meta Platforms Inc (NASDAQ:META). Taylor, who has extensive experience in AI, data, and privacy infrastructure, will report directly to Microsoft's CTO Kevin Scott as the Deputy CTO and Corporate Vice President for AI supercomputing efforts. This move is part of Microsoft's broader strategy to advance its hardware capabilities in AI, following the hiring of Mustafa Suleyman from Alphabet Inc's Google DeepMind earlier in the year.

Portfolio Pulse from Franca Quarneti

April 22, 2024 | 10:02 pm

OSG

Overseas Shipholding Group (OSG) has received a $3M grant from the US Department of Energy for the engineering and design of a new vessel intended to transport liquified carbon dioxide. This initiative marks a significant step towards environmentally sustainable shipping solutions.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:41 pm

ISUN

iSun, Inc. (NASDAQ:ISUN) announces a strategic restructuring of its executive team, appointing Jeff Peck as CEO and Rob Vanderbeek as Interim CFO, effective immediately. This move aims to drive innovation, enhance operational efficiency, and ensure sustained performance. The restructuring reflects iSun's commitment to leadership in the solar energy and clean mobility infrastructure industry. Jeff Peck's deep understanding of the business and Rob Vanderbeek's extensive experience in restructuring and corporate finance are highlighted as key to navigating market dynamics and pursuing strategic opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:06 pm

CNX

NuBlu Energy and CNX Resources Corp. (NYSE:CNX) have announced a partnership to revolutionize the CNG and micro-scale LNG industries with the introduction of ZeroHP CNG and Clean mLNG technologies. These innovations aim to produce compressed natural gas and micro-scale liquefied natural gas more efficiently and with a lower cost and carbon footprint. The technologies leverage Geobaric Energy and methane-only refrigeration, potentially displacing traditional diesel, kerosene, and propane uses, and significantly reducing carbon emissions. This partnership could transform energy production and usage, particularly in the Appalachian region, by offering cleaner, more affordable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:39 pm

CHDN

SOLUSD

Ian Cummings, a gaming veteran with experience at Electronic Arts, Zynga, and FanDuel, has led the development of Photo Finish LIVE, a play-to-earn virtual horse racing game under Third Time Entertainment. The game, which utilizes Solana blockchain for its NFTs, offers a new Web3 experience for horse racing enthusiasts, allowing players to race, breed, and stake horses. Cummings aims to attract a broad audience, leveraging his extensive background in gaming. The game has partnered with Churchill Downs, Inc. for a Virtual Kentucky Derby event, aiming for further growth and expansion, including a mobile app launch and obtaining a gambling license in more countries.

Portfolio Pulse from Chris Katje

April 22, 2024 | 8:18 pm

META

MSFT

Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms Inc (NASDAQ:META) have announced a partnership to release a limited edition Meta Quest VR headset, inspired by Xbox. This collaboration includes a customized version of the Meta Quest 3, bundled with an Xbox controller and Game Pass, allowing for immediate access to gaming. The partnership aims to integrate Microsoft's gaming services with Meta's VR technology, marking a significant move in Microsoft's VR strategy despite past inconsistencies in the VR market.

Portfolio Pulse from Franca Quarneti

April 22, 2024 | 8:04 pm

BMWYY

HYMTF

MBGYY

NSANY

TSLA

VWAGY

UAW President Shawn Fain announced the continuation of a $40M campaign to unionize autoworkers at 35 non-union U.S. plants of major automakers including Volkswagen, Mercedes-Benz, Tesla, BMW, Toyota, Nissan, and Hyundai, following a significant union victory at a Volkswagen plant in Tennessee. This win represents the union's first success in a Southern car facility owned by a foreign auto manufacturer, with a scheduled election at two Mercedes-Benz plants in Alabama next.

Portfolio Pulse from Anthony Noto

April 22, 2024 | 6:31 pm

CAH

DIA

INFA

QQQ

SPY

WOLF

U.S. stocks are set to break a six-day losing streak with major indices trading higher ahead of key earnings reports from Visa, Tesla, Meta Platforms, Microsoft, and Alphabet. Gold and silver prices dropped significantly, while Bitcoin rose above $66,000. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust all saw gains. Ford Motor and Wolfspeed Inc. experienced notable stock movements due to upcoming earnings and activist investor actions, respectively. Informatica Inc. dropped after denying acquisition talks, and Cardinal Health fell following contract renewal news with UnitedHealth Group's OptumRx.

Portfolio Pulse from Piero Cingari

April 22, 2024 | 6:16 pm

DIS

PENN

Aaron LaBerge has been announced as the new Chief Technology Officer (CTO) of Penn Entertainment, according to CNBC. This strategic appointment could signal Penn Entertainment's focus on leveraging technology to enhance its operations and offerings in the entertainment and gaming sectors.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 5:50 pm