Streetbeat News

Partnerships

SLF

Sun Life Financial Inc. has announced Timothy Deacon as its new Chief Financial Officer, effective April 8, 2024. Deacon, with over 20 years of experience in the financial sector, will succeed Manjit Singh, who will continue as President of Sun Life Asia. Deacon's role will encompass overseeing the Finance organization, including strategic financial initiatives. His appointment is part of Sun Life's focus on financial discipline and growth.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:07 pm

CTVA

Ducera Partners LLC announced a strategic collaboration between its venture capital investment platform, Ducera Growth Ventures, and Corteva Catalyst, a new platform by Corteva (NYSE:CTVA), aimed at identifying innovative companies for investment or partnership. Ducera Growth will leverage its proprietary AI tool, Quannix®, to provide insights into early-stage companies with growth potential, supporting Corteva's strategic priorities in agricultural innovation.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:04 pm

CENX

Century Aluminum Company (CENX) is set to negotiate for up to $500 million in funding from the U.S. Department of Energy for a new aluminum smelter, marking the first new U.S. primary aluminum smelter in 45 years. This project, part of the Industrial Demonstrations Program, aims to decarbonize energy-intensive industries, strengthen local economies, create jobs, and reduce greenhouse gas emissions. It is expected to double the size of the current U.S. primary aluminum industry and create over 6,500 jobs. CENX shares rose 3.03% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 25, 2024 | 12:03 pm

ACN

ADBE

Accenture and Adobe have announced a collaboration to co-develop generative AI solutions aimed at accelerating marketing transformation. This partnership is designed to assist organizations in transitioning from experimenting with generative AI to adopting it at scale, indicating a significant step forward in the integration of AI technologies in marketing strategies.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:03 pm

BABA

BILI

ONLN

PGJ

XPEV

Alibaba Group Holding Ltd (NYSE:BABA) is pausing operations of its Ling Shou Tong platform to adjust its business strategy, focusing on AI and core retail and technology sectors. Despite this, LST is not shutting down or merging with another platform. Alibaba sold $360 million of Bilibili Inc (NASDAQ:BILI) shares and reduced stakes in other companies, reallocating resources towards AI. It plans to launch a new processor to counteract U.S. export controls on chip technologies. Alibaba's stock has declined over 16% in the past year, but can be accessed through ETFs like Invesco Golden Dragon China ETF (NASDAQ:PGJ) and ProShares Online Retail ETF (NYSE:ONLN).

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 12:01 pm

AAPL

BIDU

Baidu's stock is on the rise following reports of discussions with Apple about integrating Baidu's AI technology into the iPhone 16 and other Apple products for the Chinese market.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:51 am

NVO

Actylis and Novo Nordisk Pharmatech have entered into an agreement to distribute pharmaceutical grade Benzalkonium Chloride in Germany, Spain, Portugal, the UK, and Ireland. This collaboration aims to supply the pharmaceutical and medical device markets in these regions.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:40 am

AAPL

BIDU

NVDA

PGJ

SOCL

Baidu, Inc (NASDAQ:BIDU) stock is trading higher due to a partnership with Apple Inc (NASDAQ:AAPL) to provide AI services for iPhone 16 and other products in China. This collaboration, reported by Cailian Press and the Wall Street Journal, also includes the Mac OS and iOS 18, exclusively for China. Baidu's AI capabilities, particularly its Ernie Bot, have been recognized by China's regulatory bodies, positioning it strongly in the competitive AI market. The partnership is seen as a significant endorsement of Baidu's AI advancements. Meanwhile, U.S. sanctions have affected Nvidia Corp (NASDAQ:NVDA), a key AI chip supplier to Apple. Baidu's stock has lost over 33% in value in the last 12 months but is trading higher by 1.18% at $103.39 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 11:26 am

BXP

BXP has completed the sale of a 45% interest in 290 Binney Street, a life sciences development in Cambridge, to Norges Bank Investment Management (NBIM), reducing BXP's project spend by $533.5 million. The property, pre-leased to AstraZeneca, is part of a joint venture with a gross valuation of $1.66 billion. BXP retains a 55% interest and will provide development, property management, and leasing services.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:23 am

CSTM

The U.S. Department of Energy Office of Clean Energy Demonstrations has selected Constellium for award negotiations for up to $75M in funding from the Bipartisan Infrastructure Law and Inflation Reduction Act. This funding aims to support clean energy initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:14 am