Streetbeat News

Partnerships

SES

SES AI Corporation has partnered with Worcester Polytechnic Institute to develop advanced recycling technology for lithium metal, funded by SES AI. This initiative aims to enhance lithium metal recycling processes.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:02 am

GOOGL

META

MSFT

Meta Platforms Inc. (META) integrates real-time Google and Bing search results into its AI assistant, leveraging the Llama 3 model. This collaboration with Alphabet Inc.'s Google (GOOG, GOOGL) and Microsoft Corp.'s Bing (MSFT) marks a significant shift from the traditional 'walled gardens' approach of tech giants. The AI assistant is accessible across Meta's platforms including Facebook, Instagram, WhatsApp, Messenger, and the new Meta.ai desktop experience. This move aims at enhancing user experience by providing comprehensive information and is part of Meta's strategy for user acquisition and product improvement based on user interaction data.

Portfolio Pulse from Rounak Jain

April 19, 2024 | 10:28 am

ALVO

TEVA

Alvotech has signed a long-term agreement with a strategic partner to enhance access to Adalimumab-ryvk in the US market, supporting its financial guidance. The partnership with Teva Pharmaceuticals for commercializing Adalimumab-ryvk under the SIMLANDI brand in the US remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:11 am

BGLC

RWOD

WLGS

Wang & Lee Group, Inc. (WLGS) shares surged 37.7% in pre-market trading after reporting improved FY23 financial results, with a reduced loss per share and increased revenue. Other stocks also showed significant movement in pre-market trading, with notable gainers including Redwoods Acquisition Corp. (RWOD), Zhongchao Inc. (ZCMD), and Trio Petroleum Corp. (TPET), among others. On the losing side, BioNexus Gene Lab Corp. (BGLC) and Tian Ruixiang Holdings Ltd (TIRX) saw significant drops, alongside other decliners.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 9:45 am

AXS

Kind, a Web3 content creator agency based in Latin America, is revolutionizing the Web3 space by supporting over 100 creators globally. Founded within the Axie Infinity ecosystem, Kind emphasizes freedom, community, and creativity, extending its philosophy to investments, partnerships, and community engagement in the gaming sector. Founders Osito Lima and Zio shared their journey from traditional careers to Web3, highlighting their commitment to empowering creators. They also discussed their favorite Web3 games, including Axie Infinity, Pixels, Apeiron, and Wild Forest, and their admiration for the CyberKongz community.

Portfolio Pulse from Jose Rodrigo Safdiye

April 19, 2024 | 8:50 am

ERIC

Ericsson's Vonage and Singtel have announced a partnership aimed at accelerating global enterprise and telco innovation and digital transformation. This collaboration will focus on driving rapid application development across multiple markets through the use of network, edge, and communications application programming interfaces (APIs).

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:23 am

LIFW

LifeWallet has reached a settlement with 10 affiliated property and casualty insurers, expanding its claims processing capabilities across 15 states. This agreement marks a significant step in LifeWallet's growth and expansion strategy, potentially increasing its market share and operational efficiency in the insurance sector.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:44 am

AAPL

SONY

WBD

Martin Scorsese and Steven Spielberg are collaborating as executive producers on a 'Cape Fear' series for AppleTV+, a unit of Apple Inc (NASDAQ:AAPL). The series is based on the 1962 and 1991 films. Scorsese is also planning films about Jesus and Frank Sinatra, with the latter drawing interest from Apple and Sony Group Corp (NYSE:SONY), but Sony is reportedly leading. Spielberg is working on a UFO film and a series on Napoleon Bonaparte for HBO, owned by Warner Bros. Discovery (NASDAQ:WBD). Apple's collaboration with big names like Scorsese and Spielberg, despite a smaller content library, positions its streaming platform as a strong contender in the market.

Portfolio Pulse from Chris Katje

April 18, 2024 | 10:10 pm

FMST

NEM

NUE

SCCO

Alcoa Corp reported Q1 losses but exceeded revenue expectations with alumina segment growth and stable aluminum production. Newmont Corporation highlighted 20 years of sustainability efforts, showing progress in safety, inclusivity, and environmental impact. Foremost Lithium announced participation in the Planet MicroCap Showcase, indicating potential investor engagement. Nucor Corp appointed a new EVP of Talent and HR, signaling a focus on talent development. Scotiabank raised its price target for Southern Copper, reflecting a positive outlook.

Portfolio Pulse from austin@walkonholdings.com

April 18, 2024 | 9:38 pm

AQN

Algonquin Power & Utilities Corp. (AQN) has reached a cooperation agreement with Starboard Value LP, leading to the addition of Brett Carter and Christopher Lopez to its Board. Masheed Saidi and Kenneth Moore are set to leave the Board. Starboard, owning about 9% of AQN's shares, has agreed to support AQN's board nominees and withdrawn its own nominations. The parties have also signed a non-disclosure agreement to discuss the potential sale of AQN's renewable energy business and the CEO search process.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:23 pm