Streetbeat News

Partnerships

DNUT

MCD

McDonald's USA and Krispy Kreme have announced an expanded national partnership, with Krispy Kreme to supply fresh doughnuts daily to McDonald's restaurants across the country. The phased rollout is set to begin in the second half of 2024, aiming for nationwide availability by the end of 2026. Three of Krispy Kreme's most popular doughnuts will be delivered fresh to McDonald's locations every day.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:04 am

GOOGL

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (META), is personally recruiting AI talent from Google's DeepMind, offering positions without interviews and higher salaries. This move is part of Meta's strategy to become a leader in AI, including plans to acquire Nvidia GPUs and advocating for open-source AI development. Meanwhile, Google faces AI challenges and concerns about losing key talent. Meta's actions could intensify competition in the AI space between Meta and Google.

Portfolio Pulse from Rounak Jain

March 26, 2024 | 9:16 am

AAPL

MOMO

Apple CEO Tim Cook praised Hello Group's inSpaze, the first spatial social app for Apple Vision Pro, during his visit to their headquarters. inSpaze offers an immersive social experience, leveraging the spatial computing power of Apple Vision Pro to enable realistic virtual interactions. This collaboration marks another milestone in the partnership between Apple and Hello Group, reminiscent of the successful launch of the Momo app for the iPhone in China 15 years ago.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 9:02 am

AAPL

Tim Cook's recent visit to China signifies Apple Inc.'s commitment to the region amidst declining sales and increasing regulatory pressures, including a DOJ lawsuit. The opening of Apple's largest store in Shanghai and meetings with key suppliers underscore the company's strategy to strengthen its presence in China despite geopolitical tensions and attempts to diversify its supply chain. Analysts view this move as crucial for Apple's future in China, where iPhone sales have dropped significantly.

Portfolio Pulse from Rounak Jain

March 26, 2024 | 8:10 am

KKR

Weave Living and KKR have formed a strategic partnership to invest in rental housing assets in South Korea, specifically targeting Seoul. They aim to build a portfolio of approximately 1,200 units initially, with plans to expand over time.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 7:09 am

ZS

Zscaler, Inc. and BT have expanded their partnership, making BT the first global service provider to offer a full suite of managed security services using Zscaler's AI-driven Zero Trust Exchange cloud security platform. This collaboration aims to simplify IT infrastructures, reduce cyber-attack surfaces, and enhance business agility, efficiency, resilience, and security.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 7:03 am

WDS

Woodside has finalized the sale of a 10% stake in the Scarborough Joint Venture to LJ Scarborough Pty Ltd (LNG Japan) for $910M, as part of a strategic relationship that includes potential LNG offtake and new energy collaboration. Woodside retains a 90% interest, which will reduce to 74.9% following a future transaction with JERA.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 7:01 am

ICE

Kasikorn Securities has chosen Intercontinental Exchange (ICE) for improved portfolio analytics and risk management concerning derivatives. This partnership aims to leverage ICE's advanced technology and extensive experience in the financial markets to enhance Kasikorn Securities' derivatives analytics and risk management capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:49 am

BSX

Scivita Medical has expanded its collaboration with Boston Scientific for strategic co-development and global distribution activities. This partnership aims to leverage both companies' strengths in medical technology and distribution networks to enhance their global market presence.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 5:51 am

DOGE-USD

Timothy Stebbing, a lead developer at the Dogecoin Foundation, is exploring the use of RadioDoge to provide financial services to unbanked regions in East Africa. Stebbing's initiative aims to leverage Dogecoin for real-world transactions, especially in areas lacking internet access, by using radio technology and SpaceX's Starlink network. Despite facing challenges like network congestion, efforts are ongoing to enhance Dogecoin's utility and stability.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 4:22 am