Streetbeat News

Partnerships

F

TSLA

Ford CEO Jim Farley detailed his decision to secure a deal with Tesla for Ford customers to access Tesla's supercharging network, inspired by his own experience with range anxiety during a family trip to Lake Tahoe. The deal, facilitated by discussions with Doug Field, a former Tesla employee now at Ford, aims to provide reliable charging access, reflecting a broader industry trend with other automakers like General Motors and Rivian Automotive entering similar agreements. Tesla's network, which comprises three-quarters of all fast chargers, opened to Ford EVs, with an adapter provided free until June 30, 2024.

Portfolio Pulse from Anan Ashraf

March 14, 2024 | 11:21 am

PLUR

Pluri has entered into a manufacturing agreement with Remedy Cell Ltd for the production of cell-derived, cell-free drugs through its CDMO division. This partnership aims to leverage Pluri's manufacturing capabilities to produce innovative drug formulations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:17 am

MSFT

ORCL

Oracle Corporation (NYSE:ORCL) is experiencing premarket gains after announcing an expanded partnership with Microsoft Corporation (NASDAQ:MSFT) to meet the growing demand for Oracle Database@Azure globally. The expansion will bring the service to 15 regions worldwide, including Europe. Oracle also introduced new products and features, such as Oracle Cloud EPM for Sustainability and AI capabilities in Oracle Fusion Data Intelligence. Oracle's FY23 revenue growth was 17.7%, influenced by various factors including the macroeconomic environment. The company's performance and stock growth are compared to its peers and the broader Information Technology sector.

Portfolio Pulse from Nabaparna Bhattacharya

March 14, 2024 | 11:15 am

IE

Ivanhoe Electric announced the use of Computational Geosciences Inc.'s latest software at its Tintic Copper-gold-silver project in Utah, indicating a technological advancement in exploring mineral resources.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:14 am

ATEX

Anterix has joined a broad alliance of energy industry leaders to support the US Department of Energy's National Laboratories in efforts to modernize the energy grid. This collaboration highlights Anterix's commitment to enhancing grid modernization and reliability, potentially increasing its visibility and reputation in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:09 am

CYN

Cyngn has entered into a strategic partnership with RobotLAB, a leading robotics integrator known for deploying over 10,000 robots worldwide. This collaboration aims to leverage Cyngn's expertise in autonomous technology with RobotLAB's extensive deployment experience to enhance robotics solutions globally.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:08 am

HPE

Hewlett Packard Enterprise (HPE) has been chosen by Astellas Pharma Inc. for its HPE Asset Upcycling Services to aid in fulfilling sustainability goals and promote network standardization. This partnership highlights HPE's commitment to environmental sustainability and its capability to meet the specific needs of the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:09 am

VSAT

Royal Jordanian Airlines has partnered with Viasat to provide high-speed Wi-Fi across multiple fleets, aiming to enhance future passenger experiences with Viasat's in-flight connectivity solution.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:05 am

AAPL

HNHPF

NVDA

Foxconn, an Apple Inc. supplier, is partnering with Nvidia to enter the AI server market, as reported by analyst Ming-Chi Kuo. Nvidia has shifted its strategy on the GB200 GPU development, reducing reliance on Foxconn's Ingrasys, which may affect market perceptions of Foxconn's advantages. The GB200 GPU, crucial for 2024-2025 AI strategies, faces low shipment visibility due to customer concerns over ROI and bargaining power with Nvidia. This move by Foxconn aims to counteract its revenue dip amid slow market demand.

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 9:31 am

WISH

ContextLogic has signed satirical YouTubers Zac Alsop and Grandpa Ray for a fashion category campaign running from March to May 2024. This strategic move aims to leverage their influence to boost the brand's visibility and appeal within the fashion sector.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:31 am