Streetbeat News

Partnerships

LILM

Lilium (NASDAQ:LILM) has partnered with PhilJets to introduce eVTOLs in Asia, starting with the Philippines. The collaboration aims to establish high-speed regional air mobility in Southeast Asia, with PhilJets planning to operate 10 Lilium Jets to address transportation challenges in the Philippines.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 8:00 am

GEHC

GE HealthCare (NASDAQ:GEHC) has entered into a 10-year strategic alliance with OSF HealthCare and Pointcore, Inc. to expand the reach of innovative technology and digital solutions to over one million patients. This collaboration aims to enhance clinical and operational efficiencies, standardize care delivery models, and improve patient outcomes across OSF HealthCare's network in Illinois and Michigan.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:18 am

ZCAR

Zoomcar and SPARKCARS have announced a partnership to add over 1,000 electric vehicles (EVs) to Zoomcar's platform in India over the next two years, including models like TATA Nexon and Mahindra XUV 400. This move aims to boost EV adoption in the self-drive space, offering economic benefits to hosts through special pricing and lower operating costs.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:14 am

COTY

Coty, a leading beauty company, has entered into a partnership with Italian luxury fashion house Etro to produce and distribute Etro's fragrance lines and home scent collections until beyond 2040. The collaboration aims to explore new categories and innovations to expand the brand's beauty portfolio.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:12 am

DOGEUSD

Dogecoin (DOGE) experienced a 4% increase in value, reaching $0.090, following reports that Ferrari might start accepting DOGE as payment. The social buzz and trading volume for DOGE surged, with Ferrari confirming plans to accept cryptocurrencies in the U.S. and Europe through a partnership with BitPay. The positive trend in DOGE's market activity is supported by data showing a majority of investors in profit and an increase in open interest.

Portfolio Pulse from Mehab Qureshi

February 20, 2024 | 6:06 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) plans to enter the European market with its upcoming R2 vehicle, initially launching in the US and Canada. The R2, set for a reveal on March 7, aims to fill a market gap with a more compact and affordable option in the $45,000 to $50,000 range, targeting midsize SUVs. Rivian's current models, the R1T and R1S, are priced around $70,000. Additionally, Rivian's collaboration with Amazon has already seen electric delivery vans deployed in Europe.

Portfolio Pulse from Anan Ashraf

February 20, 2024 | 5:37 am

META

Meta Platforms Inc. CEO Mark Zuckerberg emphasized the company's ongoing commitment to the metaverse, despite the current focus on AI. In a podcast interview, he highlighted Meta's substantial annual investment of at least $15 billion in both AI and the metaverse. Zuckerberg's remarks underscore the importance of the metaverse to Meta's long-term strategy, even as AI garners more immediate attention. This comes amid scrutiny of Meta's metaverse initiatives, including a public critique by Elon Musk and layoffs in the Reality Labs unit.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 9:10 am

META

Meta Platforms Inc. CEO Mark Zuckerberg commented on Sam Altman's $7 trillion AI chipmaking plan, calling it 'astronomical' but not dismissing its necessity for AI's future. Zuckerberg highlighted the growing demand for chips in AI model training, suggesting the industry will face physical constraints requiring significant investment. Altman's plan, seeking approval from the U.S. government, aims to prevent a chip shortage that could impede AI adoption.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 5:14 am

AAPL

GOOG

META

MSFT

Mark Zuckerberg, CEO of Meta Platforms Inc (META), discussed the ongoing trend of layoffs in the tech industry on 'The Morning Brew', attributing it to a shift towards more efficient operational models. He mentioned that the initial layoffs were a correction to the pandemic-induced expansion, but the trend continues as companies, including Meta, Microsoft (MSFT), and Alphabet's Google (GOOG), aim for leaner structures. Zuckerberg also highlighted competition with Apple (AAPL) in virtual reality and augmented reality, expressing respect for Apple's work despite a longstanding rivalry.

Portfolio Pulse from Bibhu Pattnaik

February 17, 2024 | 9:14 pm

INTC

Intel Corporation is in discussions with the Biden administration to receive over $10 billion in subsidies as part of the 2022 Chips and Science Act. This funding, aimed at reviving semiconductor manufacturing in the U.S., could include loans and direct grants. The effort reflects a strategic shift towards domestic chip production. Additionally, Intel is seeking to raise at least $2 billion in equity for a semiconductor plant in Ireland, following a partnership with Brookfield Infrastructure Partners for manufacturing expansion in Arizona.

Portfolio Pulse from Nabaparna Bhattacharya

February 17, 2024 | 7:32 pm