Streetbeat News

Partnerships

ALK

BA

Alaska Air's CEO emphasized the significance of their long-standing partnership with Boeing during a conference call, highlighting its importance to the company's success.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:42 pm

ALK

BA

Alaska Air's CEO announced during a conference call that they will hold Boeing to the highest standards for quality directly from the factory, emphasizing the importance of aircraft quality and safety.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:40 pm

MSFT

Microsoft's $13 billion investment in OpenAI is under scrutiny by EU antitrust regulators, who are considering an investigation to determine if the partnership restricts competition within the EU. While not currently investigated under EU merger rules, concerns exist about Microsoft's market power and potential distortion of competition. The European Commission is gathering evidence and has not yet decided to proceed with an investigation. Microsoft holds a non-voting position on OpenAI's board without owning any part of the company.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:39 pm

QCOM

Advantech has announced a partnership with Qualcomm to collaborate on edge computing solutions, aiming to shape the future of this technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:12 pm

CARR

Carrier Global Corporation (NYSE:CARR) announced an investment and technology partnership with Strategic Thermal Labs for a liquid cooling solution for data centers. This partnership includes a board seat for Carrier and exclusivity in a differentiated solution, building on Carrier's acquisition of Nlyte in 2021. The liquid cooling market is expected to grow significantly, driven by AI data center builds.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 3:11 pm

CF

CF Industries Holdings has entered into a joint development agreement with JERA to develop greenfield low-carbon ammonia production capacity in the United States, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:09 pm

CVAR

LAZ

Lazard, Inc. (NYSE:LAZ) has partnered with Elaia Partners to form Lazard Elaia Capital (LEC), a new asset management company aimed at investing in European technology companies. The partnership, which includes Lazard acquiring a minority stake in Elaia Partners, aims to support tech companies from seed stage to public listing. An inaugural fund is expected to launch by 2025, subject to regulatory approval. LAZ stock rose 0.93% to $37.79 following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 2:57 pm

NOC

Northrop Grumman is collaborating with Elon Musk's SpaceX to work on a U.S. spy satellite system, according to Reuters News. This partnership leverages SpaceX's advanced rocket technology to enhance the capabilities and efficiency of national security payloads.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:38 pm

WINA

Winmark Corporation (WINA) has entered into a multi-year partnership with STX, LLC to become the Official Resale Partner for STX. The partnership aims to purchase quality used lacrosse equipment through Winmark's Play It Again Sports locations to promote sustainability and make the sport more accessible to new players. This collaboration will include a yearly Sponsored Buy Drive and co-branded sustainability-focused content to be shared across social channels and promoted through Play It Again Sports' local stores, website, and national PR efforts.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:32 pm

LHX

L3Harris is set to expand and modernize its solid rocket motor manufacturing facility in Virginia, with the majority of the $41.2M investment stemming from a cooperative agreement signed with the Department of Defense (DoD) last year through Aerojet Rocketdyne. The Commonwealth of Virginia and Orange County are providing approximately $2.18M in incentives to support the site improvement and construction efforts.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:19 pm