Streetbeat News

Partnerships

ASHR

BABA

FXI

TCEHY

Treasury Secretary Janet Yellen is scheduled for a second visit to China to engage on key economic issues amid ongoing tensions. The visit aims to address trade relations, currency policies, and intellectual property rights. Meetings with Chinese President Xi Jinping and Vice Premier Liu He are expected. This diplomatic effort highlights the importance of U.S.-China relations, with potential impacts on China-related stocks and ETFs like Alibaba (BABA), Tencent (TCEHY), iShares China Large-Cap ETF (FXI), and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR).

Portfolio Pulse from Bibhu Pattnaik

March 23, 2024 | 9:07 pm

ALB

BHP

FPOCF

TECK

VALE

At the Prospectors & Developers Association of Canada meeting, mining executives highlighted a 'trust deficit' with the public despite the industry's crucial role in producing metals for the energy transition. Challenges include long permitting times, labor shortages, and cost inflation. Teck Resources Ltd.'s CEO emphasized the need for the mining sector to regain trust by protecting and restoring nature. BHP Group Ltd. and Vale SA discussed the importance of community engagement and ethical sourcing. The industry's value in decarbonization and the need for better promotion were also noted.

Portfolio Pulse from Matt Whittaker

March 23, 2024 | 3:41 pm

FSR

GOEV

KARS

TSLA

This week, Tesla faced challenges in China, Ford planned a reentry into India's EV market, and Canoo aimed to improve profitability. Tesla's production cut in China and SEC probe concerns, along with Ford's strategy to leverage India's new EV policy, and Canoo's designation as a Foreign Trade Zone were key events. Fisker sought financing to avoid bankruptcy, and BYD expanded into Greece. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader EV stock underperformance despite Tesla's slight gain.

Portfolio Pulse from Shanthi Rexaline

March 23, 2024 | 1:12 pm

DIS

Former Disney CEO Bob Chapek criticized Bob Iger's strategy for ESPN, questioning the benefit of adding another minority partner to the sports network. Chapek highlighted ESPN's importance and its challenges in transitioning from cable to streaming. Disney, under Iger, is considering selling a minority stake in ESPN to aid in launching a new direct-to-consumer sports platform by 2025, with potential partnerships with the NBA and NFL. ESPN President Jimmy Pitaro emphasized the focus on partnership rather than equity in this transition.

Portfolio Pulse from Chris Katje

March 23, 2024 | 12:49 pm

Chemours (NYSE:CC) has officially appointed Denise Dignam as its President and CEO, effective immediately. Dignam, who has been with Chemours since 2015 and served as Interim CEO since February 2024, brings over 35 years of experience in the chemical industry. She has significantly contributed to the company's Titanium Technologies and Advanced Performance Materials segments, which together account for over 68% of Chemours' net sales in 2023. Dignam's leadership has focused on operational savings, portfolio refocusing, and strategic partnerships to drive growth, especially in Clean Energy and Advanced Electronics. Her appointment is supported by the Board and she aims to continue enhancing Chemours' portfolio and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 9:36 pm

TLLTF

Gary Santo, CEO of RX Green Technologies, will speak at the Benzinga Cannabis Capital Conference in Florida, highlighting the company's all-in-one marketplace for cannabis cultivation. Santo, with a background in regulated cannabis and former leadership at TILT Holdings (OTC:TLLTF), aims to address cultivation challenges and operational efficiency. TILT Holdings, under Santo's leadership, has seen a strategic shift and financial growth, making it an attractive investment opportunity.

Portfolio Pulse from Nicolás Jose Rodriguez

March 22, 2024 | 9:14 pm

ISPR

Ispire Technology's co-CEO, Michael Wang, discussed the company's 30.7% revenue increase in Q2 to $41.7 million on Benzinga’s Cannabis Insider, attributing the growth to technological innovations in cannabis vaping products. Collaborations with high-profile names like Snoop Dogg and strategies for navigating regulatory challenges and global expansion were also highlighted.

Portfolio Pulse from Abbey Higginbotham

March 22, 2024 | 9:00 pm

DIS

DKNG

WBD

Florida basketball head coach Todd Golden plans to wear shoes supporting Magen David Adom, an Israeli disaster relief organization, during a March Madness game. This move, amidst the ongoing Israel-Hamas conflict, could draw attention and controversy. The game will be broadcast on TBS, owned by Warner Bros. Discovery (WBD), and involves betting odds from DraftKings Inc (DKNG). The situation reflects broader tensions around public figures expressing political stances, as seen with the NBA's ban on political messages on shoes and reactions to political statements in Hollywood.

Portfolio Pulse from Chris Katje

March 22, 2024 | 8:47 pm

LCTX

Lineage Cell Therapeutics (LCTX) has entered into a new sales agreement with B. Riley Securities, replacing a previous agreement with Cantor Fitzgerald & Co. Additionally, the FDA has advised LCTX not to proceed with a proposed clinical study for OPC1 until receiving further feedback, expected by April 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:29 pm

GOOGL

HAS

Larian Studios, led by Swen Vincke, has decided not to produce any DLC, expansions, or sequels for Baldur's Gate 3, despite its success. At GDC 2024, Vincke expressed the team's lack of enthusiasm for continuing the series and their desire to pursue new projects. He also reflected on the regrettable decision to partner with Google Stadia for the game's announcement, a platform that was shut down in 2023. Hasbro Inc's Wizards of the Coast will continue to support Baldur's Gate 3.

Portfolio Pulse from Franca Quarneti

March 22, 2024 | 8:22 pm