Streetbeat News

Partnerships

COIN

Crypto VC firm Paradigm, co-founded by Coinbase Global Inc. (NASDAQ:COIN) co-founder Fred Ehrsam, is reportedly raising a new fund between $750 million and $850 million. This follows a period of increased fundraising activity in the crypto sector, despite Paradigm's recent challenges, including a leadership shift and involvement in a class-action lawsuit related to its investment in FTX. The firm continues to invest in the crypto industry, with significant investments like in Merkle Manufactory.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 7:33 pm

CRM

FDTX

FEPI

Salesforce, Inc. (NYSE:CRM) has selected Ironclad as its contract lifecycle management (CLM) platform to streamline contracting processes, improve deal velocity, and provide valuable insights for its teams. The integration allows for data synchronization between contract data and customer relationship data. After a successful pilot, Salesforce expanded Ironclad's use companywide. Additionally, Salesforce gained attention for a branding event with nearly 900 individuals dressed as Albert Einstein, highlighting its AI features. The stock has gained 55% over the past year, and investors can gain exposure through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Fidelity Disruptive Technology ETF (NASDAQ:FDTX). CRM shares are up 0.47% to $305.42.

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 5:51 pm

ARKK

ARKW

ROKU

Roku, Inc. (NASDAQ:ROKU) shares are trading lower after announcing a partnership with the NBA to launch the NBA FAST channel and NBA Zone exclusively on The Roku Channel. Despite this, Roku faced backlash for implementing mandatory dispute resolution terms, including forced arbitration, causing devices to become inoperable until users agreed to these terms. ROKU stock has lost over 5% in the past year, and investors can also gain exposure through ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF (NYSE:ARKW).

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 4:26 pm

ICAD

iCad Inc. shares have seen an increase following the announcement of a collaboration with Rad-AID. This partnership aims to introduce mammography AI-based decision support systems in Low and Middle-Income Countries (LMICs).

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 3:28 pm

BKR

SNMRY

Baker Hughes Company (NASDAQ:BKR) has been chosen by Snam SPA (OTC:SNMRY) to supply three turbocompressors with NovaLT12 gas turbines for the Adriatic Line pipeline project in Italy. This project aims to reduce carbon emissions by allowing up to 10% hydrogen blend with natural gas. The collaboration is part of Italy's efforts to decarbonize its gas network and is supported by the National Recovery and Resilience Plan and the REpowerEU Plan.

Portfolio Pulse from Akanksha Bakshi

April 03, 2024 | 3:11 pm

ROKU

Roku, in partnership with the NBA, has launched the first-ever NBA FAST channel and NBA Zone on The Roku Channel, offering fans access to games, highlights, documentaries, and more. This collaboration aims to enhance the sports streaming experience, providing an always-on destination for basketball content. The NBA FAST channel will feature a variety of NBA content, including over 40 live NBA G League games during the 2024-2025 season. Additionally, the NBA App and NBA League Pass will be integrated within the NBA Zone, further enriching the viewing experience.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 3:03 pm

ACHC

IYT

TPOR

UBER

Uber Technologies, Inc. (UBER) and Acadia Healthcare Company, Inc. (ACHC) have partnered to enhance access to behavioral health care and addiction treatment. The collaboration focuses on Acadia's Comprehensive Treatment Centers network, providing transportation for patients to receive treatment. The program will be rolled out to 19 facilities across several states. The partnership aims to remove transportation as a barrier to accessing critical healthcare services, potentially improving patient outcomes. Investors can also gain exposure through IShares Trust IShares U.S. Transportation ETF (IYT) and Direxion Daily Transportation Bull 3X Shares (TPOR).

Portfolio Pulse from Lekha Gupta

April 03, 2024 | 2:54 pm

IBM

NVDA

CONF3RENCE 2024 and BLOCKCHANCE have partnered to create a premier Web3 event in Europe's Ruhr area, aiming to bridge the traditional economy with Web3 and AI sectors. Scheduled for May 15-16 at Signal Iduna Park, the event will feature over 150 speakers, including representatives from the European Central Bank, NVIDIA, Animoca Brands, IBM, and Litecoin, among others. The conference will host panel discussions, workshops, and offer networking opportunities, with a focus on blockchain and AI technologies.

Portfolio Pulse from Jose Rodrigo Safdiye

April 03, 2024 | 2:25 pm

RVSN

Rail Vision Ltd. (NASDAQ:RVSN) shares rose after announcing an order for its AI-driven Switch Yard System from Loram, marking the start of a pilot project aimed at improving rail track maintenance. Success could lead to broader integration of Rail Vision's solutions in Loram's services nationwide. Despite a 71% loss in the past year, RVSN shares increased by 4.97% to $2.1099.

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 2:18 pm

AFRM

AMZN

FCUS

IBUY

SHOP

Needham analyst Kyle Peterson initiated coverage on Affirm Holdings Inc (AFRM) with a Hold rating, citing valuation concerns, high stock-based compensation, and a significant portion of revenue from lending-related income. Despite Affirm's strong position in the BNPL market and potential for international expansion, these factors are expected to keep AFRM shares range-bound. Affirm's partnerships with Amazon (AMZN) and Shopify (SHOP) are highlighted, and investors can also gain exposure through ETFs FCUS and IBUY.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 2:06 pm