Streetbeat News

Partnerships

HUIZ

Huize Holding has partnered with PICC Life Insurance to launch a new critical illness insurance product, 'i Wu You – Low-Threshold Edition'. This product offers flexible coverage for various illnesses, a relaxed health declaration process, and is available to a wide age range of customers. It also includes value-added services like multi-disciplinary consultation.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:32 am

AAPL

AMD

BABA

INTC

MSFT

QCOM

Alibaba Group Holding Limited (NYSE:BABA) and Lenovo Group have announced a partnership to develop AI PCs and other AI-driven products, aiming to lead in the generative AI market. This collaboration, revealed at Lenovo's Tech World event, includes working with Tsinghua University's Institute for AI Industry Research. Lenovo introduced AI PCs featuring Alibaba's AI assistant, powered by the Tongyi Qianwen model. The AI PC market is expected to dominate in China, with predictions of making up 85% of new PC sales by 2027. Microsoft Corp (NASDAQ:MSFT) is also entering the AI PC market, competing with Apple Inc's (NASDAQ:AAPL) MacBook Air, using Arm Holdings Plc (NASDAQ:ARM) technology and Qualcomm Inc's (NASDAQ:QCOM) Snapdragon X Elite processors. Advanced Micro Devices, Inc (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC) are also focusing on integrating AI into PCs.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 11:30 am

DAT

ORCL

PLTR

SFYF

Palantir Technologies Inc. (NYSE:PLTR) shares have declined over 6.9% in the past five days, despite endorsements from Jim Cramer and investments from Ark Invest. The company is pitching agencies for inventory and supply chain management solutions and has recently partnered with Oracle Corporation (NYSE:ORCL) for cloud and AI solutions. Investors can also gain exposure to PLTR through ProShares Big Data Refiners ETF (NYSE:DAT) and SoFi Social 50 ETF (NYSE:SFYF).

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 11:28 am

NKE

PMMAF

Nike Inc is close to finalizing a significant endorsement deal with basketball star Caitlin Clark, who is expected to make her professional debut in May. Clark, the first overall pick in the WNBA draft by the Indiana Fever, had a previous sponsorship with Nike during her college career. The deal includes launching her own signature line of footwear, as Nike aims to build a young roster of basketball talents. This aligns with the industry's growing focus on women's sports and the rarity of sneaker lines for female athletes. Puma SE also has a deal with Breanna Stewart, highlighting a similar focus on women's sports endorsements.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 11:18 am

VFS

VinFast Auto (NASDAQ:VFS) has signed a cooperation agreement with Mobivia to expand its aftersales service network in France and Germany, enhancing support for VinFast customers in these countries.

Portfolio Pulse from Charles Gross

April 19, 2024 | 11:18 am

AAPL

GOOGL

IXP

MSFT

VOX

Google's CEO Sundar Pichai announced a major restructuring to accelerate AI development, aiming to outpace competitors like Microsoft. The reorganization consolidates all AI teams under DeepMind, focusing on unified AI efforts and introducing a new Platform and Devices team. This move, the largest change at Alphabet since last year's AI unit integration, seeks to enhance product innovation and decision-making. Analysts view Alphabet's AI and cloud investments as key growth drivers, potentially boosting its shares alongside a speculated collaboration with Apple.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 11:07 am

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