Streetbeat News

Partnerships

CVAC

GSK

CureVac and GSK have decided to terminate their pandemic preparedness agreement with the German Federal Ministry of Health, initially established in April 2022. This decision was made after consultations with the ministry.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:18 am

EIPX

KEAT

TTE

TotalEnergies SE (NYSE:TTE) has announced a deal with Trident Energy involving the acquisition of an additional 10% stake in the Moho license and the sale of its interests in the Nkossa and Nsoko II licenses in the Republic of Congo. This move aligns with TotalEnergies' strategy to focus on low-cost, low-emission assets. The completion of this deal is contingent on regulatory approvals and Trident Energy's acquisition of Chevron Congo. TotalEnergies also reported the start of construction for New York State's largest onsite solar generating and storage system at JFK International Airport and a strategic partnership with OK Petroleum in Long Island, NY. Investors can gain exposure to TotalEnergies through ETFs such as First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and Keating Active ETF (NASDAQ:KEAT). TTE shares saw a slight increase of 0.05% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 24, 2024 | 10:54 am

CNX

CNX Resources and Deep Well Services have formed a joint venture to create AutoSepSM Technologies, an oilfield service company aimed at significantly improving conventional flowback operations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:49 am

GROY

Gold Royalty Corp. (GROY) and Taurus Mining Royalty Fund have announced a strategic alliance to co-invest in precious metals opportunities. This partnership aims to leverage both entities' expertise and financial resources to capitalize on investments in the precious metals sector.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:41 am

GOOGL

NVDA

SFTBY

Perplexity AI, backed by Jeff Bezos and supported by Nvidia and SoftBank, has raised $63 million in a new funding round, valuing the company at over $1 billion and making it a unicorn. The funding was led by Daniel Gross, with contributions from notable investors. Existing investors, including Nvidia and SoftBank, have increased their investments. Perplexity AI, known for its AI-driven search engine, is expanding its services and partnerships, including an enterprise chatbot version and collaborations with major carriers like SoftBank Corp. and Deutsche Telekom AG.

Portfolio Pulse from Rounak Jain

April 24, 2024 | 10:15 am

SES

SES AI has signed an agreement to progress to the next phase of its joint development agreement with Hyundai Motor and Kia, focusing on developing B samples. This move signifies a deepening collaboration between the companies in advancing automotive technology.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:12 am

TSLA

Tesla, Inc.'s (NASDAQ:TSLA) Q1 earnings call led to a 13% surge in after-hours trading, despite a slight earnings miss. Analysts are divided, with some praising the acceleration of a next-gen vehicle's production and a potential entry into the ride-hailing market, competing with Uber and Lyft. Others, however, view the earnings as a disaster, citing a record cash burn and a drop in operating margin. Tesla shares rose 10.11% pre-market.

Portfolio Pulse from Shanthi Rexaline

April 24, 2024 | 10:12 am

RVTY

Revvity announced the launch of the Auto-pure 2400 liquid handler from Allsheng, designed for use with the T-SPOT.TB test. This collaboration aims to enhance the efficiency and accuracy of tuberculosis testing, potentially impacting Revvity's market position and product offerings.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:10 am

BA

RYAAY

SPR

Ryanair's CEO announced the airline's commitment to remain Boeing's largest customer outside of America, emphasizing the strong partnership between the two companies.

Portfolio Pulse from Charles Gross

April 24, 2024 | 9:17 am

BA

RYAAY

SPR

Ryanair's CEO commented on the potential ownership of Spirit by Boeing, stating it wouldn't significantly impact their operations. However, he emphasized the need for Boeing to improve its quality control, as Ryanair has encountered numerous production issues with Boeing's aircraft, indicating poor quality controls.

Portfolio Pulse from Charles Gross

April 24, 2024 | 9:16 am