Streetbeat News

Partnerships

VRTS

Theramex is reviewing the CMA's decision on its deal with Viatris, focusing on addressing competition concerns. Despite the review, Theramex commits to providing competitive HRT options for the NHS and states the decision won't affect its current HRT product supply in the UK.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:51 pm

BASFY

XNGSY

BASF SE (OTC:BASFY) has signed a deal with ENN Energy Holdings Limited (OTC:XNGSY) to supply natural gas to its Zhanjiang Verbund site in China. ENN Energy will construct necessary infrastructure for a stable gas supply. This partnership marks a significant step towards BASF's largest investment, the Zhanjiang Verbund site, and supports clean energy supply in the region. BASF aims to make this site a model of sustainable production.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 4:42 pm

FET

NEAR

RNDR

SOL

TAO

The crypto venture capital landscape in 2024 is shifting towards projects with real-world utility, particularly in AI and Layer-2 solutions. Traditional VCs are re-engaging, with significant interest in AI-related cryptocurrencies like Bittensor, Near Protocol, Fetch, and Render. The industry is moving away from memecoins and NFT hype, focusing on technological sophistication and scalability. Infrastructure projects, especially those involving zero-knowledge proofs and restaking, are also attracting attention. However, NFTs and GameFi sectors are experiencing a decline in funding.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 4:40 pm

MBGAF

MBGYY

RIVN

TSLA

Workers at Mercedes Benz Group AG's Alabama factory petitioned for a UAW union election, aiming to file with the NLRB. The UAW claims over 5,000 workers support joining, with a vote expected by early May. Mercedes denies violating Germany's global supply chain law. The UAW's efforts extend to other non-union automakers like Hyundai, Toyota, Tesla, and Rivian, with UAW President Shawn Fain seeking to expand union representation. President Biden supports UAW's efforts. Volkswagen workers in Tennessee also seek a UAW vote.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 4:39 pm

DAT

LIFW

ORCL

PLTR

SHLD

Palantir Technologies Inc. (NYSE:PLTR) shares are up following a partnership announcement with Oracle Corporation (NYSE:ORCL) to deliver secure cloud and AI solutions globally. The collaboration involves moving Palantir's Foundry workloads to Oracle Cloud Infrastructure, aiming to enhance data value and competitive edge. Additionally, Palantir disclosed a 6.5% stake in MSP Recovery, Inc (NASDAQ:LIFW). Investors can also gain exposure to PLTR through ProShares Big Data Refiners ETF (NYSE:DAT) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD). PLTR's stock has risen by 2.87% to $23.13.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 4:19 pm

IYG

XLF

Visa Inc. (NYSE:V) has partnered with Skipify to enhance the capabilities of Skipify's connected wallet, aiming to simplify and accelerate the payment process for consumers. This collaboration leverages Visa's digital payments expertise to deliver convenience and security at checkout. Additionally, Visa introduced Subscription Manager, a service for easier subscription tracking. Visa shares rose 1.3% to $277.77. Exposure to Visa's stock can also be gained through iShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund - Financial (NYSE:XLF).

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 4:19 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading slightly lower today, following a report by Needham analyst Chris Pierce on industry pressures. Despite EV sales growth outpacing EVSE growth, increased charger utilization hasn't spurred EVSE installations. CHPT has lost over 80% in value over the past year but has recently formed partnerships with Jumptech and AcBel Polytech to improve home charger installations and develop EV charging solutions.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 4:19 pm

BDSX

GCTS

HUBC

MDIA

STIX

ZGN

U.S. stocks traded higher with the Nasdaq Composite gaining over 200 points. The Dow and S&P 500 also saw increases. Notably, MediaCo Holding Inc. (MDIA) shares surged 207% after a significant stake acquisition by Standard General L.P. GCT Semiconductor Holding, Inc. (GCTS) and HUB Cyber Security Ltd. (HUBC) experienced substantial gains following a development MOU and financing announcement, respectively. Conversely, Semantix, Inc. (STIX), Ermenegildo Zegna N.V. (ZGN), and Biodesix, Inc. (BDSX) saw notable declines. The U.S. labor market outperformed expectations with 303,000 nonfarm payrolls added in March.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 4:19 pm

BKR

PBA

Baker Hughes Company (NASDAQ:BKR) has been awarded a contract to supply liquefaction technologies to Cedar LNG in Canada, a project emphasizing sustainability by using renewable electricity. This contract, awarded by Black & Veatch, includes the delivery of turbomachinery equipment. The Cedar LNG project is a collaboration between the Haisla Nation and Pembina Pipeline Corporation (NYSE:PBA), highlighting Baker Hughes' commitment to providing lower carbon solutions in the LNG market.

Portfolio Pulse from Akanksha Bakshi

April 05, 2024 | 3:54 pm

BLK

FBTC

BlackRock Inc. (BLK) has expanded its Authorized Participants (APs) for the IBIT Bitcoin ETF, adding Goldman Sachs (GS), Citigroup (C), and others, aiming to enhance liquidity and investor reach. This move reflects the growing integration of Bitcoin into mainstream finance and has seen IBIT and Fidelity's FBTC ETF outperform significantly, capturing a substantial portion of net inflows.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 3:41 pm