Streetbeat News

Partnerships

NMG

Nouveau Monde Graphite (NMG) and Panasonic Energy have signed a binding offtake agreement and a $25M private placement deal. This partnership aims to secure the supply of active anode material for North American battery production, supporting the growing demand for electric vehicles and renewable energy storage solutions.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:37 am

GM

NMG

Nouveau Monde Graphite (NMG) has signed an offtake agreement with General Motors (GM) for the supply of Canadian graphite, essential for electric vehicle batteries. Additionally, GM will make a $150 million equity investment in NMG. This partnership underscores the growing demand for materials critical to the EV industry and strengthens NMG's position in the market.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:36 am

RDNT

RadNet has announced the creation of a new diagnostic imaging career training program in collaboration with JVS SoCal. This initiative aims to address the growing demand for skilled professionals in the diagnostic imaging sector.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:10 am

DNFGY

STLA

Russian partners have collaborated with China's Dongfeng Motor Group (OTC:DNFGY) to continue producing Stellantis' Citroen cars in Russia, despite Stellantis' exit. Automotive Technologies imported 42 car kits from Dongfeng in December to assemble Citroen C5 Aircross models at the Kaluga plant, still majorly owned by Stellantis (NYSE:STLA). This development highlights the challenges global automakers face in Russia due to sanctions and the growing influence of Chinese automakers in the Russian market.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 10:24 am

GOOG

GOOGL

MSFT

OpenAI, supported by Microsoft, is developing a web search tool to compete with Google, potentially integrating it with ChatGPT. This move intensifies the rivalry between Microsoft's Bing and Google, despite Bing's struggle to significantly increase its market share. Microsoft's continued investment in OpenAI, including a recent $10 billion, underscores the strategic importance of this initiative. However, there's a risk of functionality overlap between OpenAI's search tool and Bing, potentially cannibalizing each other's market.

Portfolio Pulse from Ananya Gairola

February 15, 2024 | 9:20 am

AAPL

TSM

Apple Inc. is set to enhance its next-generation chipsets, the M4 and A18, with improved Neural Engines for better AI efficiency in iOS 18. A supply chain report indicates a 50% increase in Apple's orders for 3nm processors from Taiwan Semiconductor Manufacturing Co Ltd., hinting at a significant investment in TSM operations. The M4 series and A18 processor are expected to power future iPhones and Macs, with the iPhone 16 featuring the A18 slated for a September release. The advancements in AI, including a supercharged Siri, are part of Apple's strategy to compete with tech giants like Alphabet Inc. and Microsoft Corp.

Portfolio Pulse from Rounak Jain

February 15, 2024 | 8:19 am

BYDDY

F

Ford Motor Co views Chinese EV makers as a significant strategic threat to its business in the U.S., with Ford's EV COO Marin Gjaja highlighting the technological advancements and strategic moves, such as potential factory setups in Mexico by Chinese companies like BYD Co Ltd, to circumvent U.S. tariffs. Ford is focusing on cost and efficiency in its EV development to compete with Tesla and affordable Chinese EVs.

Portfolio Pulse from Anan Ashraf

February 15, 2024 | 8:15 am

LHX

L3Harris Technologies (NYSE:LHX) successfully launched five missile tracking satellites from Cape Canaveral Space Force Station, Florida. These satellites are part of the Missile Defense Agency's Hypersonic and Ballistic Tracking Space Sensor program and the Space Development Agency's Tranche 0 Tracking Layer program. The launch aims to enhance capabilities in tracking maneuvering hypersonic missiles and other advanced threats.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 8:04 am

TSLA

Swedish labor union IF Metall has temporarily relaxed its strike against Tesla Inc. (NASDAQ:TSLA), allowing certain workshops to repair critically damaged Tesla vehicles from Feb. 19 to April 30. This concession is aimed at addressing the needs of repair shops and Tesla owners affected by the strike, but it only applies to independent workshops, not Tesla's own service centers. Repairs are limited to older cars covered by insurance, affecting 5-10% of all Tesla repairs. The strike, which began in late October, seeks to pressure Tesla into negotiations for collective bargaining agreements.

Portfolio Pulse from Anan Ashraf

February 15, 2024 | 6:46 am

MSFT

NTDOY

SONY

Microsoft Corp is reportedly planning to release Xbox games Hi-Fi Rush and Pentiment on Sony's PlayStation and Nintendo's Switch, marking a significant strategy shift. This move aims to increase gaming revenue and game reach amidst slowing Xbox Game Pass subscriptions and trailing Xbox Series S and X sales behind PlayStation 5. The decision comes after Microsoft's acquisition of Activision Blizzard and amidst Sony's PS5 market dominance. Sony also announced financial plans and revised its FY23 sales outlook.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 4:20 am