Streetbeat News

Partnerships

UTI

Universal Technical Institute has partnered with iRacing to enhance NASCAR Mechanic Technician Training. The collaboration allows students to use iRacing's virtual racing experiences alongside a 15-week hands-on training program focused on engines, fabrication, and chassis applications.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:24 pm

GATO

MTUS

Ivanhoe Electric (IE) and Ma'aden completed Q1 exploration in Saudi Arabia, identifying high-priority drill sites. Metallus (MTUS) joined the Global Steel Climate Council, investing over $10M in sustainability efforts. ArcelorMittal (MT) undergoes a safety audit by dss+ with results expected in September 2024. BMO Capital maintains Gatos Silver (GATO) with a Market Perform rating, raising the price target to $9.

Portfolio Pulse from Austin DeNoce

April 11, 2024 | 9:04 pm

EPHE

SPY

President Biden has stated that any attack on Philippines' vessels in the South China Sea would trigger the Mutual Defense Treaty between the US and the Philippines. This declaration underscores the US's commitment to its ally in the face of increasing tensions in the South China Sea.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 8:25 pm

AIR

AAR has extended and expanded its exclusive distribution agreement with Sumitomo Precision Products (SPP) for the V2500 engine component, including all starter/valve subcomponents, for the life of the program. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 8:07 pm

MBNKP

MFIN

Medallion Bank (NASDAQ:MBNKP), a subsidiary of Medallion Financial Corp. (NASDAQ:MFIN), has entered into a strategic partnership with TriBeam Financial to finance home solar systems and related products. This partnership aims to expand Medallion Bank's reach in the home improvement lending segment, leveraging TriBeam's point-of-sale lending platform and network of installers. Loan origination activities under this agreement have already commenced.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 8:02 pm

MGRM

NVDA

Monogram shares have seen an increase in trading volume and price following the announcement that the company has become a part of the NVIDIA Inception program, which is designed to nurture startups in AI and data sciences.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:44 pm

APVO

ELYM

ENLV

RCEL

RENT

RLYB

STZ

Nasdaq surged 250 points as U.S. stocks traded higher, with significant gains in information technology shares. Constellation Brands Inc reported better-than-expected Q4 earnings, leading to a positive market response. Rallybio Corporation, Eliem Therapeutics, and Rent the Runway saw substantial stock price increases due to strategic collaborations and financial results. Conversely, Aptevo Therapeutics, Enlivex Therapeutics, and AVITA Medical experienced significant drops following public offering pricing, trial results, and revenue update announcements.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 7:21 pm

DNA

NVO

Ginkgo Bioworks Holdings, Inc. (NASDAQ:DNA) announced the acquisition of AgBiome's platform assets and the expansion of its strategic partnership with Novo Nordisk A/S (NYSE:NVO). The acquisition includes over 115,000 sequenced strains and over 500 million unique gene sequences. The partnership with Novo Nordisk aims to improve the manufacturing of medicines for chronic diseases, including diabetes and obesity.

Portfolio Pulse from Erica Kollmann

April 11, 2024 | 7:07 pm

MRVL

NVDA

SPRX

Nvidia has seen a significant rise, approximately 230%, driven by AI technology adoption, outpacing the S&P 500 and other semiconductor companies like Marvell Technology, which rose about 73%. Marvell, specializing in DSP and ASICs, is positioning itself in the AI market through partnerships and new technologies. The AI and semiconductor industries' growth also highlights the potential of AI-exposed ETFs like Spear Alpha ETF, which has seen a 61% increase.

Portfolio Pulse from Johnny Rice

April 11, 2024 | 6:24 pm

TONUSD

Toncoin (CRYPTO: TON), a Layer-1 blockchain, has entered the top 10 most valuable cryptocurrencies by market cap, recently hitting a new all-time high of $7.63. This surge is attributed to AI collaborations and innovations, including a palm-scanning project with Human Code, and the introduction of tap-to-earn meme coins. Additionally, TON announced a $5 million incentive for AI developers and a $2.19 million airdrop for memecoin traders, leveraging its integration with Telegram's user base.

Portfolio Pulse from Murtuza Merchant

April 11, 2024 | 6:16 pm