Streetbeat News

Partnerships

AAPL

GOOGL

Google is launching its Find My Devices network, compatible with Apple's Find My network, to help users locate their devices and implement anti-stalking measures. This comes after a year of collaboration between Google and Apple, addressing safety concerns linked to tracking devices like Apple's AirTag.

Portfolio Pulse from Ananya Gairola

April 05, 2024 | 6:29 am

DIS

Nelson Peltz praised Elon Musk in a CNBC interview, highlighting Musk's brilliance and humility. Musk endorsed Peltz for Disney's board, aiming to improve its share price. This contrasts Musk's previous criticisms of Disney and CEO Bob Iger. Musk's support for Peltz came despite Disney's victory over Trian and Blackwells' nominees in a shareholder vote.

Portfolio Pulse from Ananya Gairola

April 05, 2024 | 5:44 am

CADL

NVDA

PLTR

TSLA

The U.S. stock market saw a downturn, with notable movements in stocks like Ford, Candel Therapeutics, Nvidia, Palantir, and Tesla. Ford announced a delay in its electric vehicle launch, Candel Therapeutics surged after releasing trial data, Nvidia fell due to supply-chain concerns, Palantir dipped slightly after announcing a partnership with Oracle, and Tesla rose amid positive analyst projections.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 3:47 am

GOOG

SSNLF

Samsung Electronics Co Ltd has acknowledged a touchscreen issue in its Galaxy S23 devices, attributing the glitch to Google's Discover feed. The problem emerged after the One UI 6.1 update in late March. Samsung suggests clearing the Google app's data and rebooting as a temporary fix, while Google is working on a permanent solution through an app update. This incident highlights the dependencies between hardware manufacturers and software providers.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 2:30 am

MCD

Poseidon Investment Management enters the New York cannabis market through an investment in PCA (Platform Cannabis Advisors), a startup aimed at supporting social equity license holders in establishing dispensaries. PCA, founded by former New York's Office of Cannabis Management employees Ben Sheridan and Matthew Greenberg, leverages their regulatory knowledge to navigate financial and legal challenges. The investment marks Poseidon's first venture into the NYC market, highlighting its strategy to support the cannabis industry's growth. McDonald's (NYSE: MCD) is mentioned as a comparison to PCA's business model.

Portfolio Pulse from Rolando García

April 04, 2024 | 10:00 pm

VAL

Valaris announced that ARO Drilling, its joint venture in Saudi Arabia, received a suspension notice from Aramco for one of its 19 contracted rigs, specifically the Jackup VALARIS 143. The rig's contract was set to end in December 2024, but the suspension could last up to twelve months. ARO is currently in discussions with Aramco to finalize the suspension's start date.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:17 pm

LSCC

Lattice Semiconductor has expanded its partnership with NewTec to enhance functional safety solutions for Automotive and Industrial applications. This collaboration aims to provide customers with flexible, scalable, and easy-to-implement safety solutions, catering to the growing demand in safety-critical sectors.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:02 pm

GOOG

GOOGL

YouTube has stated that OpenAI's use of its videos to train the AI model Sora would violate its policies. This announcement raises concerns about the use of publicly available data for AI training and could impact the relationship between content platforms and AI developers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:59 pm

CVS

PRGO

Perrigo's stock price increased due to high trading volume following a Bloomberg report stating that many CVS Caremark plans will cover Perrigo's contraceptive, Opill, at no cost to consumers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:53 pm

MSFT

MSFX

XLK

Microsoft Corporation (MSFT) has entered into an eight-year strategic partnership with Cloud Software Group, involving a $1.65 billion commitment to Microsoft's cloud and AI capabilities. This collaboration will see Cloud Software Group's full transition to Microsoft 365 and enhance the Citrix platform's integration with Microsoft Azure, aiming to boost cloud migration and development of new solutions. MSFT shares rose 1.75% to $427.82, and the partnership is expected to positively impact MSFT stock and related ETFs like MSFX and XLK.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 5:08 pm