Streetbeat News

Partnerships

HYMTF

Hyundai Motor has launched 'Timeless Seoul' in ZEPETO, a 3D avatar-based social networking platform, allowing users to experience the 1970s and 1980s in South Korea themed around the PONY, Korea's first independently developed car. This initiative is part of Hyundai's global brand heritage campaign, which includes offline events in ASEAN countries alongside the online content launch.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:50 am

DIS

Nelson Peltz of Trian Fund Management is leading an activist battle against Walt Disney Co (NYSE:DIS), aiming to 'restore the magic' by addressing the company's underperformance. Trian's plan includes refining Disney Parks strategy, developing a direct-to-consumer strategy, improving accountability, and enhancing cost structure. Trian criticizes Disney's late entry into streaming, poor acquisitions, and suggests a CEO succession plan. Disney faces another activist challenge from Blackwells Capital, suggesting a spin-off of real estate holdings and investment in virtual/augmented reality. Disney's annual meeting on April 3 is highly anticipated amid these activist battles.

Portfolio Pulse from Chris Katje

March 05, 2024 | 11:52 pm

LYFT

At the Morgan Stanley’s Technology, Media & Telecom Conference, it was reported that Lyft's healthcare business partnership is expanding at a faster pace than its overall core business. This indicates a strategic growth area for Lyft, potentially impacting its future revenue streams and market positioning.

Portfolio Pulse from Charles Gross

March 05, 2024 | 10:08 pm

EVC

Entravision shares are trading lower following Meta's decision to end its ASP program globally by July 1, impacting Entravision significantly as the program constituted a large portion of its total consolidated revenue.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:59 pm

EVC

Entravision announced that Meta plans to terminate its ASP Program globally by July 1, affecting all ASPs including Entravision. This program accounted for $586.4M of Entravision's $1,106.9M total revenue.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:56 pm

BOX

MSFT

Box Inc (NYSE:BOX) reported Q4 earnings with a slight revenue miss and an EPS beat, alongside an expanded AI partnership with Microsoft (NASDAQ:MSFT), driving its shares up in after-hours trading. Q4 revenue was $262.88 million, slightly below estimates, while EPS was 42 cents, above expectations. The company saw a 2% year-over-year revenue increase and a 6% increase in billings. Box anticipates Q1 revenue to be slightly above estimates and provided a fiscal-year 2025 revenue forecast slightly below expectations. The partnership with Microsoft aims to integrate Box AI with Microsoft Azure OpenAI Service, enhancing Box's AI capabilities for Enterprise Plus plan customers.

Portfolio Pulse from Adam Eckert

March 05, 2024 | 9:45 pm

PYXS

Pyxis Oncology, Inc. (NASDAQ:PYXS) announced it will present new preclinical data on PYX-201, PYX-106, and PYX-102 at the 2024 AACR Annual Meeting. The data highlights PYX-201's potent anti-tumor efficacy across multiple human cancers, PYX-106's potential in immune-oncology, and PYX-102's anti-tumor efficacy, with an openness to out-licensing opportunities for PYX-102.

Portfolio Pulse from Happy Mohamed

March 05, 2024 | 9:45 pm

BIRD

Allbirds, Inc. has finalized two international distribution agreements, expanding its global reach. These deals are expected to enhance Allbirds' market presence and potentially increase its revenue streams from international sales.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:24 pm

BOX

MSFT

Box has expanded its partnership with Microsoft by integrating Azure OpenAI Service into its platform, making Box AI available to Enterprise Plus plan customers. This integration allows Box customers to access advanced AI models while ensuring enterprise-grade security, privacy, and compliance standards.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:08 pm

MRAI

Marpai has announced a new client agreement, marking further expansion in the Southeast. The financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 9:02 pm