Streetbeat News

Partnerships

LAES

SEALSQ Corp (NASDAQ:LAES) announces the launch of SEALCOIN, a Hybrid Payment & Utility Token, expected in Q4 2024. SEALCOIN aims to enable seamless data and currency exchanges across billions of internet-connected devices. The platform will introduce a Machine-to-Machine (M2M) Proof of Concept in mid-July 2024, showcasing its capabilities for Service vs Payment transactions. Following the platform's launch, SEALCOIN will be issued and proposed for listing on a digital exchange. This initiative marks a significant step in secured peer-to-peer transactions in both physical and digital realms.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:47 pm

IBM

IBM and the Government of Spain have announced a strategic collaboration to advance Spain's national AI strategy and develop leading Spanish language AI models. This partnership, formalized through a Memorandum of Understanding, aims to promote the development and deployment of open, ethical, and responsible generative AI in Spain. It focuses on creating large and small language models proficient in Spanish and co-official languages, enhancing AI sustainability, reducing biases, and fostering an ecosystem of AI creators. The collaboration also intends to develop AI-enhanced techniques for the semiconductor industry and leverage IBM's AI framework for community contributions.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:45 pm

GCTS

GRIN

MDIA

GCT Semiconductor Holding, Inc. (GCTS) and Aramco signed an MOU to boost the 4G and 5G ecosystem in Saudi Arabia. Grindrod Shipping Holdings (GRIN) announced a selective capital reduction, leading to a share price increase. Mediaco (MDIA) shares surged after Standard General L.P. disclosed a 95.2% stake in the company.

Portfolio Pulse from ryanfaloona@benzinga.com

April 05, 2024 | 12:38 pm

GCTS

GCT Semiconductor Holding's shares surged following the announcement of a Memorandum of Understanding (MOU) with Aramco. The MOU outlines a collaboration to design and co-develop chipsets and modules for LTE, 5G, and the NTN spectrum, signaling a significant partnership in the telecommunications and technology sectors.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:29 pm

GCTS

GCT Semiconductor shares surged following the announcement of a Memorandum of Understanding (MOU) with Aramco to expedite the development of the 4G and 5G ecosystem in Saudi Arabia. This strategic partnership aims to enhance connectivity and technological advancements in the region.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:28 pm

AAPL

HNHPF

Foxconn, a major supplier for Apple, reported a 9% decline in its first-quarter revenue for 2024, totaling $41.2 billion. Despite the drop, Foxconn anticipates revenue growth in the second quarter. Apple, facing its first revenue and EPS decline in a decade due to falling iPhone sales, plans to launch more affordable AirPods to potentially boost sales and Foxconn's production.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 12:11 pm

TARA

Protara Therapeutics, Inc. (NASDAQ:TARA) announced an oversubscribed $45M private placement financing to fund its operations into 2026. The financing includes the sale of common stock and pre-funded warrants, with RA Capital Management and Acorn Bioventures leading the offering. The transaction, involving institutional accredited investors, is expected to close on April 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:05 pm

BKR

Baker Hughes (NASDAQ:BKR) has been awarded an order by Black & Veatch to supply Cedar LNG in Canada with electric-driven liquefaction technologies, including refrigeration compressors, boil-off gas compressors, and centrifugal pumps. This project, powered by renewable electricity, aims to make Cedar LNG one of the lowest carbon intensity LNG facilities globally. It represents a significant step in the Haisla Nation's economic and social development and is part of global decarbonization efforts. This order highlights Baker Hughes' strength in the LNG market and its commitment to providing lower carbon solutions.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:04 pm

WDS

Woodside Energy Group Ltd (NYSE:WDS) has partnered with Yara Pilbara Fertilisers Pty Ltd to explore carbon capture and storage (CCS) for decarbonizing Yara's operations in Western Australia. The non-binding MOU aims to assess the feasibility of a large-scale, multi-user CCS hub near Karratha, which could serve various industries and support the development of lower-carbon industries like hydrogen, ammonia, and green steel production. This initiative aligns with global emissions reduction targets and could enhance the competitiveness of local industries. Additionally, Woodside recently sold a 15.1% stake in Scarborough JV for $1.4 billion, solidifying its role as an operator. WDS shares saw a slight increase of 0.25% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 11:44 am

HTZ

Hertz Global Holdings' ambitious plan to revolutionize the car rental industry with a 100,000 Tesla EV fleet faced significant setbacks due to high repair costs, frequent accidents, and customer charging anxiety. The company's strategy, which also included a nationwide charging network and partnerships with Uber, was undermined by Tesla price cuts, leading to a devaluation of Hertz's EV fleet. Operational challenges and leadership disagreements further complicated the situation, prompting Hertz to shift focus back to gas-powered vehicles and seek new leadership with operational expertise.

Portfolio Pulse from Ramakrishnan M

April 05, 2024 | 11:24 am