Streetbeat News

Partnerships

AAPL

GOOG

GOOGL

Gene Munster of Deepwater Asset Management highlighted the potential deal between Apple Inc. (AAPL) and Alphabet Inc. (GOOG/GOOGL) to license Google's Gemini AI model for iPhone software features as a significant win for both companies. This collaboration could lead to Apple integrating advanced AI into its iPhones, benefiting from Google's AI technology, while Google could see substantial annual payments and widespread distribution. The deal, still under negotiation, has been positively received by investors, with premarket stock movements reflecting optimism.

Portfolio Pulse from Rounak Jain

March 18, 2024 | 2:01 pm

AMZN

FDX

UPS

FedEx Corp (NYSE:FDX) and Amazon.com Inc (NASDAQ:AMZN) have reportedly revisited potential collaborations, following their previous split. Discussions included FedEx handling Amazon returns at its retail locations. Despite the talks, no deal was reached. This comes as FedEx seeks to increase parcel volumes and Amazon aims to improve its return processes. Notably, FedEx ended its delivery contract with Amazon in 2019, viewing Amazon's growing delivery capabilities as a threat.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 1:51 pm

VFS

Pham Nhat Vuong, founder of VinFast Auto Ltd (NASDAQ:VFS), launched V-Green, an EV charging venture to support VinFast vehicles globally. V-Green aims to expand charging infrastructure in key markets, manage VinFast's network in Vietnam, and may extend services to other EV manufacturers after five years. An investment of $404 million over two years is planned to enhance infrastructure. Vuong's previous venture, Green SM, significantly contributed to VinFast's sales in 2023. VFS shares rose 0.80% to $5.06 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 1:29 pm

SOLUSD

The founder of the Slerf meme coin project accidentally destroyed 150,000 Solana (SOL) tokens, worth about $10 million, intended for an airdrop. This mistake occurred during an attempt to burn the project's liquidity pool using Solana tools and then switching to a different platform, leading to the accidental inclusion of the airdrop tokens in the burn transaction. The crypto community reacted with shock, humor, and skepticism, and the future of the Slerf project remains uncertain. The incident has sparked discussions about the potential for legal repercussions and the project's ability to refund pre-sale participants.

Portfolio Pulse from Murtuza Merchant

March 18, 2024 | 1:24 pm

WETH

Wetouch Technology has entered into a strategic collaboration with IDEC Corporation to enhance its presence in the Japanese touch display market. This partnership aims to leverage both companies' strengths to expand their market share and innovate in the touch display sector.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:19 pm

RVSN

Rail Vision Ltd. (RVSN) announced a non-binding MoU with a leading U.S.-based railway technologies company for the distribution of Rail Vision's MainLine and Switch Yard systems. This partnership aims to expand Rail Vision's presence in the North American market by leveraging the distributor's network to market Rail Vision's solutions.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 1:16 pm

IPWR

RELL

Ideal Power has entered into a global distribution agreement with Richardson Electronics for its products, including the B-TRAN device and SymCool Power Module. This partnership aims to enhance the distribution and availability of Ideal Power's innovative products worldwide.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:11 pm

IPWR

RELL

Ideal Power Inc (NASDAQ:IPWR) has entered into a global distribution agreement with Richardson Electronics, Ltd (NASDAQ:RELL) for its products, including the B-TRAN device and SymCool power module. This partnership aims to leverage Richardson Electronics' technical sales capabilities and global reach to distribute Ideal Power's products, which are suitable for applications in EVs, renewable energy, and more. Ideal Power anticipates the solid-state circuit breaker market to be an early source of sales growth starting in the second half of 2024.

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 1:10 pm

AAPL

BYDDF

NVDA

QCOM

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin surged amid selling pressure. Apple unveiled a new AI with 30B parameters. US markets saw Logitech and B. Riley Financial moving lower. Nvidia and Qualcomm introduced new technologies, while Apple discussed licensing AI models with Google. Tesla and BYD made headlines in the EV market. Walmart and Best Buy engaged in a price war on Apple's MacBook Air. Boeing faced financial and safety scrutiny. Warren Buffett and Dave Ramsey expressed skepticism towards Bitcoin.

Portfolio Pulse from Akanksha Bakshi

March 18, 2024 | 1:05 pm

DASH

SBH

DoorDash (NASDAQ:DASH) announced new partnerships with Sally Beauty and M·A·C Cosmetics, expanding its on-demand beauty selection. This includes over 150K non-restaurant stores across North America. The partnerships aim to deliver beauty, hair, makeup, and nail essentials in under an hour. Sally Beauty offers a $0 delivery fee through May 31, 2024, on DoorDash. M·A·C Cosmetics will provide on-demand makeup and skincare products. The expansion also builds on DoorDash's existing partnership with Sephora, offering Beauty Insider members access to exclusive sales events. DoorDash's beauty category has grown significantly since its 2021 launch, now featuring over 400K beauty and personal care products.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 1:02 pm