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Partnerships

FOX

FOXA

NWS

The 2024 Ruth Bader Ginsburg Leadership Awards, intended for Elon Musk among others, were revoked after objections from Barbra Streisand and Ginsburg's family. The controversy arose due to the change in award criteria and the selection of primarily male recipients. The Opperman Foundation, responsible for the awards, announced the cancellation and plans to reconsider its mission. Elon Musk's controversial figure status, particularly regarding free speech and social media platform X, and Rupert Murdoch's association with conservative media outlets News Corporation and Fox Corporation, were highlighted as potential reasons for the backlash.

Portfolio Pulse from Chris Katje

March 19, 2024 | 10:11 pm

STLA

Stellantis has partnered with the California Air Resources Board to reduce carbon emissions, aiming to avoid 10M-12M metric tons of greenhouse gases in the US. This partnership aligns with Stellantis' goal to be carbon net zero by 2038.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:02 pm

DIS

Disney's ESPN and the College Football Playoff have reached a $7.8 billion agreement, ensuring ESPN remains the exclusive rightsholder through the 2031-32 season. The deal includes an expansion to a 12-team format and a new six-year deal starting in the 2026-2027 season for $1.3 billion annually. This agreement enhances ESPN's position as the home of college football and provides expanded sales and sponsorship opportunities for Disney Advertising.

Portfolio Pulse from Adam Eckert

March 19, 2024 | 8:58 pm

STLA

California Governor Newsom announced an agreement with Stellantis on vehicle emissions, where Stellantis agrees not to oppose California's authority under the Clean Air Act for its greenhouse gas and zero-emission standards.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:45 pm

NDAQ

Nasdaq, Inc. (NDAQ) and Borse Dubai announced the commencement of a secondary offering of 26,956,522 shares of Nasdaq's common stock by Borse Dubai, with an option for underwriters to purchase up to 4,043,478 additional shares. Nasdaq will not offer any shares or receive proceeds from this offering. Post-offering, Borse Dubai will hold approximately 10.8% of Nasdaq's outstanding shares, becoming the second largest shareholder. Borse Dubai commits to an 18-month lock-up period for its remaining shares and retains the right to nominate a board member as long as it owns at least 10% of Nasdaq's shares. The offering aims to enhance Borse Dubai's capital structure and liquidity, reflecting a long-term partnership and shared vision between the two entities.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:16 pm

CELH

Investors have shown a bullish stance on Celsius Holdings (NASDAQ:CELH), with unusual options activity indicating a split sentiment of 55% bullish and 44% bearish. The options trades suggest a price window of $48.33 to $125.0 for CELH. The company, known for its energy drinks, has a significant market presence in North America and a strategic distribution agreement with PepsiCo. Despite a recent price drop of -2.84% to $87.0, professional analysts have set an average price target of $88.8, with ratings ranging from Buy to Equal-Weight.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 7:31 pm

GOOGL

MSFT

NVDA

Microsoft Corporation (NASDAQ:MSFT) has hired Mustafa Suleyman, co-founder of DeepMind, to lead a new consumer-facing AI unit named Microsoft AI, which will include products like Copilot, Bing, and Edge. Suleyman, along with Karen Simonyan and several members from Inflection, a company they co-founded, will join Microsoft. This move is part of Microsoft's ambitious AI strategy, with Suleyman reporting directly to CEO Satya Nadella. Inflection announced the departure of Suleyman and Simonyan, introducing Sean White as the new CEO. Microsoft's partnership with OpenAI is expected to remain unaffected by these changes.

Portfolio Pulse from Neil Dennis

March 19, 2024 | 7:26 pm

META

NVDA

A Meta spokesperson informed Reuters that Meta Platforms does not anticipate receiving Nvidia's new flagship AI chip this year. This announcement could impact the supply and deployment plans for Meta's AI initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:26 pm

DIS

Disney has secured a new deal granting it rights to simulcast and megacast College Football Playoff (CFP) games across its platforms, including direct-to-consumer offerings, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:19 pm

DIS

Disney announced that ESPN has secured a new 6-year agreement for the entire College Football Playoff (CFP) starting from the 2026-27 season. ESPN will broadcast the CFP National Championship on ABC and offer a MegaCast presentation across ESPN platforms.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:18 pm