Streetbeat News

Partnerships

MSFT

Elon Musk criticized the alliance between Microsoft Corporation (NASDAQ:MSFT) and OpenAI, highlighting Satya Nadella's remarks on Microsoft's independence from OpenAI in terms of IP rights and capabilities. Musk's comments reflect ongoing disputes over OpenAI's direction and Microsoft's control over the AI firm. Musk has accused OpenAI of deviating from its founding principles for profit, while Microsoft's CEO Nadella has refuted claims of controlling OpenAI, emphasizing a non-controlling interest and a commercial partnership.

Portfolio Pulse from Ananya Gairola

March 21, 2024 | 9:32 am

DIS

Ross Gerber, CEO of Gerber Kawasaki, publicly supports Disney's CEO Bob Iger during a proxy battle with activist investors. Gerber praises Iger's leadership and Disney's recent successes, including a new deal with ESPN and the addition of Taylor Swift to their platform. George Lucas also supports Iger, highlighting the broad industry backing against activist investor Nelson Peltz. Disney's strategic moves, including a studio overhaul, aim to revitalize its business amidst challenges.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 9:11 am

SAP

SAP announced that Deutsche Telekom has selected the RISE with SAP solution to expedite its cloud migration journey. This partnership underscores the growing trend of major corporations adopting cloud solutions to enhance operational efficiency and digital transformation efforts.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 9:01 am

BABA

XPEV

Alibaba Group Holding Ltd. (NYSE:BABA) sold approximately 33 million U.S.-traded shares of XPeng Inc. (NASDAQ:XPEV), totaling $317 million. The sale price was $9.60 each, a 2.9% discount to XPeng's closing price of $9.89. This follows a previous sale in December and comes despite ongoing collaboration between the two companies in R&D and marketing. XPeng reported a Q4 sales growth of 153.9% and expects vehicle deliveries to increase by 15.2% - 23.4% year-on-year in Q1. XPeng's stock closed down 3.84% at $9.51.

Portfolio Pulse from Anan Ashraf

March 21, 2024 | 8:48 am

AAPL

BYDDF

BYDDY

Apple Inc's CEO Tim Cook met with BYD Co's chairman in Shanghai to discuss their ongoing collaboration, including on products like the iPhone. The meeting highlighted the critical role of Chinese suppliers in Apple's supply chain, with companies like BYD Electronics showcasing their contributions. This comes as Apple faces challenges in China, with a 24% drop in iPhone sales pushing it to fourth place among smartphone vendors in the country.

Portfolio Pulse from Anan Ashraf

March 21, 2024 | 8:22 am

DLO

dLocal, a technology-driven payments company, has announced a strategic partnership with Ebury to enhance payment solutions and unlock opportunities in Africa's largest markets. This collaboration aims to leverage dLocal's payment technology and Ebury's financial services expertise to facilitate smoother transactions and expand their market presence in Africa.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:07 am

UDMY

Udemy has announced a partnership with the Cloud Native Computing Foundation (CNCF) aimed at enhancing the skills of the next generation of cloud native developers. This collaboration is expected to expand Udemy's educational offerings in the cloud computing domain, potentially increasing its appeal to learners seeking to advance their knowledge in this rapidly growing field.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:04 am

BLK

BlackRock has launched BUIDL, its first tokenized investment fund on the Ethereum blockchain, allowing qualified investors to earn U.S. dollar yields. Investors can subscribe to the fund through Securitize Markets, LLC, in which BlackRock has made an investment to enhance digital assets infrastructure.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:31 am

BR

Baader Bank AG has selected Broadridge Financial Solutions, Inc. (NYSE:BR) for its regulatory trade and transaction reporting needs. This decision strengthens the existing strategic relationship between Baader Bank and Broadridge, as the bank already utilizes Broadridge's suite of solutions for order management, trading, and market connectivity.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:02 am

VALN

Valneva announced its participation in the 24th World Vaccine Congress in Washington D.C., where it will present on its single-shot Chikungunya vaccine, IXCHIQ®. This event is a significant platform for the company to showcase its advancements and engage with potential partners and investors.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 6:10 am