Streetbeat News

Partnerships

AVAV

AeroVironment has entered into an exclusive teaming agreement with Parry Labs to develop a modular, next-generation long-range reconnaissance uncrewed aircraft system (UAS). The system, known as the P550 UAS, is designed for long-range missions and incorporates advanced AI and autonomy, maximum payload versatility, and rapid deployment capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:14 pm

DIS

The official Star Wars Twitter account announced a crossover event with Fortnite, starting May 3, featuring new content and potential in-game items like lightsabers and a Chewbacca skin. Reliable leaks suggest exciting additions, enhancing the collaboration's anticipation. This event underscores the ongoing partnership between Epic Games and Walt Disney Company's Star Wars franchise.

Portfolio Pulse from Franca Quarneti

April 15, 2024 | 7:52 pm

AMZN

GOOG

RDDT

Needham analyst Laura Martin initiated coverage on Reddit Inc (NYSE:RDDT) with a Buy rating and a price target of $55, highlighting its value for AI training and brand strategy. Alphabet Inc's Google and potential AWS deals underscore Reddit's critical role in AI development. Martin emphasizes Reddit's unique data collection as a significant asset for LLM training and social listening, positioning it for growth in advertising and data licensing. Goldman Sachs analyst Eric Sheridan gave Reddit a Neutral rating with a $40 price target, noting its leverage in digital advertising, AI, and the creator economy.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 7:14 pm

AMZN

APPN

Appian has entered into a strategic collaboration with AWS to enhance end-to-end process automation by integrating Appian's AI and Data Fabric with Amazon Bedrock's large language models and Amazon Sagemaker's machine learning capabilities. This partnership aims to leverage generative AI for Appian's Data Fabric.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:02 pm

BLK

IBIT

BlackRock (NYSE:BLK), the world's largest asset manager, is expanding its crypto strategy, focusing on Bitcoin, stablecoins like USDC, and tokenized assets. It owns stakes in the iShares Bitcoin Trust (NASDAQ:IBIT), Circle (issuer of USDC), and Securitize (transfer agent for BUIDL). BlackRock is leveraging Bitcoin for its global accessibility, utility in transactions, and as an inflation hedge, with plans to include Ethereum and Solana in its offerings. The firm views blockchain as transformative for capital markets, potentially developing its own blockchain for recordkeeping.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 6:53 pm

BSX

ITGR

JNJ

MDT

BofA Securities upgraded Integer Holdings Corporation (NYSE:ITGR) due to expected growth in the pulsed field ablation (PFA) market, forecasting PFA sales to increase from $100-200 million in 2023 to over $2 billion by 2025. Integer, a major medical device outsourcing manufacturer, supplies components for PFA devices made by Boston Scientific Corporation (NYSE:BSX), Medtronic Plc (NYSE:MDT), and Johnson & Johnson (NYSE:JNJ). The upgrade anticipates additional revenue for Integer and a stock price target increase from $105 to $135.

Portfolio Pulse from Vandana Singh

April 15, 2024 | 6:43 pm

GOOGL

Japan's antitrust watchdog is set to take action against Google for alleged unfair practices in a search advertising partnership with Yahoo. The Japan Fair Trade Commission (JFTC) has been investigating Google's keyword-targeted search ad technology provided to Yahoo, now part of LY Corp. Google has submitted an improvement plan, which the JFTC is expected to accept, focusing on creating a more level playing field in its advertising business, which accounts for 80% of its revenue. This comes amid increasing international scrutiny of Google's digital advertising dominance.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:03 pm

BRK

CRM

EBAY

Warren Buffett's annual charity lunch auction, benefiting The Glide Foundation, has ended after raising $53 million over several years, with a record $19 million bid in 2022. Salesforce Inc CEO Marc Benioff will replace Buffett for the 2024 auction, continuing the philanthropic legacy. The auction will be conducted in partnership with eBay Inc, starting at $25,000.

Portfolio Pulse from Chris Katje

April 15, 2024 | 4:49 pm

SHIBUSD

Shiba Inu (SHIB) has seen a 3% increase in price alongside a 7,351% surge in daily transactions over four days, attributed to community developments and a decentralized building initiative by Ryoshi Network. The initiative aims to make SHIB a gas for a community-driven L2 ecosystem, enhancing DeFi utilities access. Shiba Inu's sponsorship of the Web3 Summit Dubai and strategic investment policies by its marketing lead, Lucie, further bolster its position. Additionally, a significant token inflow to large holders and a notable token burn have contributed to positive market sentiment.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 3:28 pm

General Motors (GM) and Bedrock Real Estate are planning to redevelop GM's headquarters, the Renaissance Center in Detroit. The plans, which will be detailed in a news conference by GM CEO Mary Barra and Bedrock Chairman Dan Gilbert, do not involve selling the complex. This redevelopment is part of a broader effort by Gilbert's company to invest in downtown Detroit, where he has been acquiring properties for many years.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:27 pm