Streetbeat News

Partnerships

XPDB

Power & Digital Infrastructure Acquisition II Corp. (XPDB) announced the closing of its business combination with Montana Technologies LLC, inventor of AirJoule®, a renewable energy and cooling technology. The combination, supported by over $50 million in capital commitments from Carrier Corporation, Rice Investment Group, and GE Vernova, will enable the commercialization of AirJoule®. Montana Technologies Corporation will trade on NASDAQ under the symbols 'AIRJ' and 'AIRJW'. The funding and partnerships with companies like BASF, GE Vernova, CATL, and Carrier aim to scale and deploy AirJoule® units globally.

Portfolio Pulse from Happy Mohamed

March 14, 2024 | 7:47 pm

AAPL

AMZN

MUSQ

SONY

The 96th Academy Awards highlighted the integral role of music in cinema, with 'Oppenheimer' and 'Barbie' being notable winners. Universal Music Group and Sony Music Entertainment artists were among the winners and nominees, showcasing their influence in the industry. Apple's 'Killers of the Flower Moon' also received nominations. The MUSQ Global Music Industry ETF offers investment exposure to the music sector, including companies like Amazon, Apple, Sony, and Universal.

Portfolio Pulse from Melanie Schaffer

March 14, 2024 | 7:07 pm

IFNNY

NVDA

TSLA

WKSP

Tesla Inc (NASDAQ:TSLA) faces a cooling EV market, impacting its growth projections. Worksport (NASDAQ:WKSP) is innovating in the automotive industry with its solar-powered products and partnership with Infineon Technologies AG (OTC:IFNNY) to use GaN semiconductors, aiming to surpass the current silicon-based solutions like those from NVIDIA Corporation (NASDAQ:NVDA). Nvidia is also exploring new technologies beyond silicon, as indicated by its upcoming GTC AI Conference.

Portfolio Pulse from Upwallstreet

March 14, 2024 | 6:06 pm

GEHC

GE HealthCare (GEHC) and Hartford HealthCare have renewed their Care Alliance agreement for another 7 years, aiming to enhance patient care and access in Connecticut. The collaboration will focus on innovation, improving patient and staff experiences, and advancing imaging technologies through 2030.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 5:31 pm

ALK

Alaska Airlines' aircraft maintenance technicians and related employees, represented by AMFA, have ratified a new five-year contract. This agreement includes increased pay, retirement contribution increases, and quality of life improvements. It was negotiated over 12 months and is part of Alaska Airlines' efforts to secure seven contracts across six represented groups since 2022. The contract, effective from October 17, 2023, aims to attract and retain skilled professionals by offering competitive benefits.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 5:22 pm

NTNX

WIT

Wipro Limited (NYSE:WIT) shares rose after announcing an agreement with Desjardins to modernize consumer banking services using its NetOxygen platform. The deal involves integrating Desjardins' loan origination systems into one platform, aiming to enhance customer experience and efficiency. Additionally, Wipro expanded its partnership with Nutanix, Inc. (NASDAQ:NTNX) to launch a new business unit. Despite these developments, Wipro reported a 1.4% decline in Q4 FY23 gross revenue, with IT services revenue down 2.1% Q/Q.

Portfolio Pulse from Lekha Gupta

March 14, 2024 | 4:41 pm

LAC

Lithium Americas Corp. (NYSE:LAC) shares rose after announcing a conditional commitment from the U.S. Department of Energy for a $2.26 billion loan to finance construction at Thacker Pass, aimed at producing 40,000 tonnes per year of lithium carbonate. This financing is part of the Advanced Technology Vehicles Manufacturing loan program, supporting the U.S. in leading global electrification and strengthening battery supply chains.

Portfolio Pulse from Erica Kollmann

March 14, 2024 | 4:16 pm

LAC

Lithium Americas (NYSE:LAC) has received a $2.26 billion loan from the U.S. Department of Energy for its Thacker Pass project in Nevada, the largest lithium deposit in the U.S. This funding, part of the Inflation Reduction Act, aims to support the construction of a lithium carbonate processing plant crucial for electric vehicle batteries and renewable energy sources. General Motors (NYSE:GM) has invested $650 million in the project, securing exclusive access to its Phase 1 lithium production.

Portfolio Pulse from Stjepan Kalinic

March 14, 2024 | 4:02 pm

GROM

Grom Social Enterprises, Inc (NASDAQ:GROM), a Florida-based entertainment provider, has entered into a Letter of Intent to acquire Arctic7, a company specializing in game development, co-development, virtual production, and transmedia IP extension. This acquisition aims to broaden Grom's portfolio, complementing its family-friendly programming, web filtering technology, and safe social media for kids with Arctic7's gaming and virtual production capabilities. Arctic7 will operate as a division within Grom post-acquisition, focusing on delivering engaging experiences and exploring partnership opportunities.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:16 pm

CURLF

TLRY

Tilray and Curaleaf are expanding their presence in Europe, capitalizing on the rapidly growing cannabis market. Curaleaf announced a new supply agreement in the Czech Republic, while Tilray received approval for its first medical cannabis extract in Portugal. The European cannabis market surpassed €2 billion in 2023, with Germany, Czech Republic, Switzerland, and the Netherlands leading regulatory developments. The Benzinga Cannabis Capital Conference in Florida will further discuss these market dynamics.

Portfolio Pulse from Jelena Martinovic

March 14, 2024 | 2:58 pm