Streetbeat News

Partnerships

EWW

SPY

The U.S. State Department has announced a new partnership with Mexico aimed at exploring opportunities within the semiconductor supply chain. This move is part of broader efforts to strengthen supply chains and reduce dependency on Asian semiconductor production.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 6:25 pm

AEM

GOLD

IWM

NEM

NKLA

U.S. equity indices were steady as traders reassessed interest rate cut expectations following comments from Fed Governor Christopher J. Waller. The U.S. GDP for Q4 was revised up to 3.4%, and gold reached new highs at $2,225 per ounce. Bitcoin rebounded beyond $70,700. The iShares Russell 2000 ETF outperformed large-cap indices. Stocks like Newmont Corp., Barrick Gold Corp., and Agnico Eagle Mines rallied with gold prices. Nikola Corp. surged on short squeeze rumors, and Estée Lauder rose after announcing a distribution deal with Amazon.

Portfolio Pulse from Piero Cingari

March 28, 2024 | 5:49 pm

SHIBUSD

Shiba Inu (SHIB) experienced a significant 17,197% increase in its burn rate and a 6% price surge, with a notable transaction of 2 trillion SHIB tokens. Binance introduced new trading pairs for SHIB, and the upcoming Benzinga conference will discuss meme coins' future. SHIB's market cap nears Avalanche's, with a 195% monthly surge and increased whale transactions. Vitalik Buterin acknowledged SHIB's success, and traders anticipate further growth.

Portfolio Pulse from Khyathi Dalal

March 28, 2024 | 5:09 pm

BCH

Bitcoin Cash (BCH) saw a 6.8% increase to $565.51 amid overall strength in altcoins and Bitcoin, which surpassed $70,000. The rise in Bitcoin and altcoins is attributed to the approval of spot Bitcoin ETFs in January and recent significant investments in Bitcoin spot ETFs, including a $323 million inflow into BlackRock's iShares Bitcoin Trust. This reflects growing confidence in Bitcoin, supported by BlackRock CEO Larry Fink's positive outlook.

Portfolio Pulse from Henry Khederian

March 28, 2024 | 5:03 pm

BZFD

BuzzFeed, Inc. (NASDAQ:BZFD) shares surged following the announcement of a multi-year license and strategic partnership with Independent Digital News and Media. This collaboration consolidates well-known brands like The Independent, BuzzFeed UK, Tasty UK, Seasoned, and HuffPost UK under The Independent's leadership in the U.K. and Ireland. The partnership aims to create a 'digital supergroup' by merging publishing, data, and ad-tech platforms for enhanced media, marketing, and e-commerce collaboration. This move is expected to extend their reach, particularly among Gen Z and Millennial audiences, and drive growth for both companies.

Portfolio Pulse from Nabaparna Bhattacharya

March 28, 2024 | 4:43 pm

SPOT

Spotify Technology's stock is trading higher following the announcement of an expanded partnership with Universal Music Group, which includes enhanced promotional and social tools for UMG artists.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:33 pm

ALBT

Avalon GloboCare shares surged following the announcement of the extension of its exclusive distribution agreement with Qi Diagnostics for the KetoAir Breathalyzer Device and related accessories in North America, South America, the UK, and the EU.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:05 pm

ALLG

Allego N.V. (ALLG) shares are experiencing an uptick, potentially driven by recent momentum following the announcement of a charging partnership with Ford. This partnership could signify a strategic move for Allego in expanding its charging network and services, possibly impacting its market position and investor sentiment positively.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 3:08 pm

VFS

VinFast Auto's shares are experiencing an uptick following the announcement of new partnership agreements with 15 dealers in Thailand. This expansion into the Thai market signifies the company's efforts to increase its presence in Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:48 pm

AVTX

BDRX

GMDA

KOD

PMEC

XLO

U.S. stocks showed mixed performance with the Dow Jones slightly down, NASDAQ falling, and S&P 500 gaining. Avalo Therapeutics surged 435% after acquiring a Phase 2-ready anti-IL-1β mAb and announcing a significant private placement financing. Xilio Therapeutics soared 154% following an exclusive license agreement with Gilead Sciences. Biodexa Pharmaceuticals also saw a significant rise after promising results against brain cancers. Conversely, Primech Holdings, Gamida Cell, and Kodiak Sciences experienced notable declines. U.S. initial jobless claims dropped to 210,000, and the U.S. economy grew by 3.4% in Q4.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 2:32 pm