Streetbeat News

Partnerships

BYDDY

HMC

NSANY

Nissan Motor Co., Ltd (OTC:NSANY) and Honda Motor Co., Ltd (NYSE:HMC) have announced a strategic partnership focusing on vehicle electrification and intelligence to achieve carbon neutrality and zero traffic-accident fatalities. This collaboration includes a feasibility study on automotive software platforms, EV components, and complementary products. Amidst tough competition in China and declining sales, both companies are considering production cutbacks, contrasting with BYD Company's (OTC:BYDDY) expansion in Japan. Honda aims for carbon neutrality by 2050 with a plan to sell only electrified cars by 2040, while Nissan targets carbon neutrality across its product lifecycle by 2050. Additionally, Honda's stock is currently trading above its 200-day moving average, indicating a bullish signal for investors.

Portfolio Pulse from Shivani Kumaresan

March 15, 2024 | 12:50 pm

FTI

Northern Endurance Partnership has chosen TechnipFMC to deliver the first all-electric integrated Engineering, Procurement, Construction, and Installation (iEPCI) for a Carbon Capture and Storage (CCS) project. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:06 pm

VFS

VinFast has entered into a partnership with Jospong to distribute its range of electric vehicles, including cars, scooters, bikes, and buses, in Ghana and West Africa. Jospong will also establish a public charging infrastructure to support EV adoption. This move marks VinFast's entry into the African market, aligning with its global expansion strategy and commitment to green transportation.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:28 am

BSFC

CGTX

EKSO

Insiders at Blue Star Foods, Ekso Bionics, and Cognition Therapeutics have recently made significant stock purchases, signaling potential confidence in their companies' futures. Blue Star Foods signed a master service agreement with a seafood provider, Ekso Bionics reported mixed Q4 results, and Cognition Therapeutics closed an $11.5 million public stock offering.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 11:13 am

BA

EADSY

UAL

United Airlines Holdings Inc (UAL) is reportedly finalizing negotiations to acquire approximately three dozen Airbus SE's (EADSY) A321neo jets from lessors, aiming to replace delayed Boeing Company (BA) 737 Max 10 orders. The delivery of these jets is expected between 2025 and 2027, a move driven by certification delays in Boeing's Max 10. United's CEO, Scott Kirby, stated that any agreements would depend on favorable economics and advised Boeing to concentrate on the Max 9 until the Max 10 receives federal certification. This strategic shift to Airbus could give the European manufacturer a competitive advantage over Boeing, especially as United was a significant initial customer for the Max 10.

Portfolio Pulse from Shivani Kumaresan

March 15, 2024 | 10:54 am

AMZN

GM

GOOGL

Amazon's Zoox has announced advancements in its robotaxi testing in Las Vegas and California, increasing its top speed to 45 mph and expanding its testing area. This comes as Waymo begins offering driverless rides in Los Angeles. Zoox aims to provide public rides later this year, while Waymo plans to expand its service across multiple cities. Cruise's services remain suspended following an accident.

Portfolio Pulse from Anan Ashraf

March 15, 2024 | 8:54 am

BTDR

NVDA

Benchmark has highlighted Bitdeer Technologies (NASDAQ:BTDR) as a promising investment, with potential for its stock to more than double, thanks to its partnership with Nvidia (NASDAQ:NVDA). Bitdeer, a crypto mining company expanding into AI, is recognized for its scalable business model and diversified revenue streams. Analysts from Benchmark and BTIG have set optimistic price targets for Bitdeer, reflecting confidence in its growth strategy and the broader industry's focus on AI.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 8:34 am

SSTK

Elon Musk has accused OpenAI of stealing data after an interview with CTO Mira Murati raised questions about the AI model Sora's data sourcing. Murati confirmed using publicly available and licensed data, including from Shutterstock, for training Sora. This has led to speculation about the ethical implications of using such data. Musk, who co-founded OpenAI and left in 2018, has been critical of the company's practices, including its partnership with Shutterstock to train AI models. This controversy adds to the ongoing rift between Musk and OpenAI, amidst global concerns over ethical AI use.

Portfolio Pulse from Ananya Gairola

March 15, 2024 | 1:52 am

SSNLF

TSM

The U.S. government is reportedly set to provide over $6 billion to Samsung Electronics (OTC:SSNLF) to expand its chip production in the U.S., as part of the 2022 Chips and Science Act. This move aims to boost domestic chip production amid a global shortage and reduce dependence on foreign manufacturers. Additionally, Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is also expected to receive over $5 billion in funding, highlighting the U.S. government's commitment to fostering competition in the chipmaking industry.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 1:43 am

BUD

DWAC

META

ORCL

Former President Donald Trump reversed his stance on banning TikTok, suggesting it would benefit Meta Platforms (META) and expressing a desire not to see Facebook prosper. This change follows the U.S. House's approval of a bill potentially banning TikTok. Trump's media company, set to merge with Digital World Acquisition Corp (DWAC), could benefit from a TikTok ban. Trump's reversal may also be influenced by his connection to Republican megadonor Jeff Yass, a significant ByteDance shareholder. Additionally, Trump's recent support for Anheuser-Busch (BUD) followed a similar pattern, raising questions about the motivations behind his public positions.

Portfolio Pulse from Chris Katje

March 14, 2024 | 10:32 pm