Streetbeat News

Partnerships

FCX

GOLD

NEM

The Biden administration announced a $475 million funding allocation for clean energy projects in the mining sector, targeting companies like Freeport-McMoRan (FCX), Barrick Gold (GOLD), and Newmont (NEM). This initiative aims to support communities affected by the energy transition, with each company pursuing unique projects and strategies. Freeport-McMoRan is focusing on a geothermal and battery storage project in Arizona, Barrick Gold is expanding into copper mining in Africa and the Middle East, and Newmont is streamlining operations post-Newcrest acquisition.

Portfolio Pulse from Stjepan Kalinic

March 25, 2024 | 2:18 pm

CRWD

CrowdStrike (NASDAQ:CRWD) and HCLTech (NSE: HCLTECH) have announced a strategic partnership where HCLTech's managed detection and response (MDR) solutions will utilize CrowdStrike's AI-native Falcon XDR platform. This collaboration aims to enhance enterprise cybersecurity transformation, leveraging the Falcon platform's capabilities across various cybersecurity domains. The partnership is expected to address the increasing sophistication of cyberattacks and the cybersecurity skills gap by combining HCLTech's MDR expertise with CrowdStrike's technology.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:30 pm

BA

RYAAY

Ryanair is actively working with Boeing's CEO and BCA CEO to address and eliminate the delays in Boeing 737 deliveries, which are currently hindering Ryanair's growth prospects through 2024, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:27 pm

KHC

Kraft Heinz has been selected to receive up to $170 million from the U.S. Department of Energy to implement clean energy projects at 10 of its U.S. plants, aiming to reduce carbon emissions by over 99% from 2022 levels. This funding supports Kraft Heinz's goal of achieving net-zero greenhouse gas emissions by 2050. The projects will involve installing various technologies like heat pumps and solar panels, expected to create 500 construction jobs. This initiative is part of Kraft Heinz's broader ESG goals and its commitment to environmental sustainability.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:12 pm

AUDC

AudioCodes (AUDC) has partnered with Tata Tele Business Services (TTBS) to integrate voice calling in Microsoft Teams for TTBS's enterprise customers in India, utilizing AudioCodes' SaaS solutions for Microsoft Operator Connect and Direct Routing.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:07 pm

ARM

CRK

GE

SOUN

TEVA

U

UBER

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' discussed various companies, recommending buying Arm Holdings and Unity Software due to leadership and partnership news, respectively. He expressed bullishness on Uber Technologies following a lawsuit settlement and changed his stance on Teva Pharmaceutical, citing its improvement and valuation. Cramer advised holding General Electric and preferred Lilly over Novo Nordisk due to upcoming drug news. He was less favorable towards Comstock Resources, suggesting Coterra as a better option, and remained neutral on JPMorgan Chase & Co. and SoundHound AI following analyst downgrades.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 1:05 pm

GEHC

GE HealthCare has received FDA clearance for nCommand Lite by IONIC Health, enabling multi-vendor, multi-modality remote operations. GE HealthCare will exclusively distribute this product, enhancing its offerings in the healthcare technology sector.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:04 pm

KINS

Kingstone Insurance Company has announced a partnership with Zojacks to enhance protection for its policyholders by offering solutions to mitigate water damage risks. This initiative aims to reduce the frequency and severity of water-related claims.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:03 pm

EMN

Eastman has been selected by the US Department of Energy to receive up to $375 million in investment for its second US molecular recycling project. This significant investment underscores the government's support for sustainable and innovative recycling technologies.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:02 pm

AMD

BA

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are gaining momentum as analysts predict a positive outlook for the altcoin market and a potential rise in Bitcoin's value to $70K. In the US markets, stocks such as Esperion Therapeutics and Masimo are moving higher in pre-market sessions, despite a fall in investor sentiment. Political developments include potential actions by Trump regarding a bankruptcy trigger and Biden's comments on Trump's golf skills. In technology, AMD and Nvidia show divergent premarket movements, while China plans to replace AMD and Intel chips and Microsoft Windows in state computers. Tesla faces scrutiny over its production and valuation, but also sees developments with its Cybertruck and team. Boeing's labor union seeks a board voice, and Cathie Wood's Ark invests further in Tesla while selling a Bitcoin-linked stock. Other notable mentions include developments in Ukraine, Facebook, Nissan's electrification plans, and energy sector movements.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 12:51 pm