Streetbeat News

Partnerships

CRNC

Cerence Inc announced strategic wins including a win-back with a Japanese OEM, a program extension with a North American OEM, and a significant AIoT business win for a wearable product. Despite one-time adjustments, including an accelerated revenue from a Toyota contract, Cerence delivered a solid quarter. The company remains focused on AI technology and operational excellence.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:08 pm

CRNC

MSFT

NVDA

Cerence Inc has announced partnerships with NVIDIA and Microsoft to enhance its automotive AI products with generative AI and large language models. These collaborations aim to develop an automotive-grade large language model for Cerence's next-generation platform, showcased at CES with Volkswagen's IDA in-car assistant.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:06 pm

ARVN

PFE

Arvinas and Pfizer's joint development, Vepdegestrant, has been granted FDA Fast Track Designation for the treatment of ER+/HER2- metastatic breast cancer. This designation is expected to expedite the development and review process for Vepdegestrant, potentially bringing this new treatment option to patients sooner.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 11:46 am

IBDRY

BP PLC shares surged after reporting Q4 FY23 results, with sales at $52.14 billion, missing consensus but beating EPS expectations. The company announced a dividend, completed a $1.5 billion share buyback, and plans further buybacks. BP also formed a joint venture with Iberdrola SA for EV charging in Spain and Portugal. BP expects higher upstream production in FY24 and maintains a capital expenditure target of around $16 billion per annum.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 11:28 am

RACE

TSLA

A video shows a Tesla Model S Plaid at Ferrari's Maranello factory, indicating Ferrari's interest in electric vehicles (EVs). Ferrari aims for 60% of its sales to be EVs and hybrids by 2026, with its first electric model expected in 2025. The company is also building a facility for electric motors and battery packs. The Model S Plaid is known for its quick acceleration.

Portfolio Pulse from Anan Ashraf

February 06, 2024 | 10:46 am

EWJ

TSM

Toyota has announced an investment in TSMC's Kumamoto plant in Japan, according to Nikkei. This strategic move is aimed at securing a stable supply of semiconductors amidst global shortages, highlighting the deepening collaboration between the automotive and semiconductor industries.

Portfolio Pulse from Charles Gross

February 06, 2024 | 10:40 am

AAPL

GOOGL

YouTube has confirmed the development of a Vision Pro app for Apple's Vision Pro VR headset, despite initially refusing to allow its iPad app to run on the device. This decision comes after the popularity of the Juno app for YouTube on the Vision Pro. The launch date and features of the app remain unclear, and there's no mention of a dedicated visionOS YouTube app. Meanwhile, Netflix and Spotify have decided not to launch their apps on the Vision Pro, directing users to access content via a web browser instead. Apple's Vision Pro headset has seen significant sales, with first-weekend numbers more than double the expectations.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 10:07 am

YRD

Hexiang Insurance Brokers, a subsidiary of Yiren Digital (YRD), has been added to the Approved Supplier List of Beijing Foreign Enterprise Human Resources Service Co. (FESCO). This inclusion marks a significant step for Hexiang in expanding its commercial insurance solutions to foreign enterprises.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:05 am

MSFT

TEAM

GitHub co-founder Chris Wanstrath was banned from the platform he created, without explanation. He announced moving his code to BitBucket, owned by Atlassian Corporation Plc (NASDAQ:TEAM). The ban, later lifted by GitHub COO Kyle Daigle, highlighted issues with GitHub's automation systems and raised concerns about trust among the developer community. GitHub is owned by Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Rounak Jain

February 06, 2024 | 8:31 am

CSCO

NVDA

Cisco and NVIDIA have announced a collaboration to deliver AI infrastructure solutions for data centers, focusing on ease of deployment and management. This partnership aims to provide the necessary computing power for enterprises to thrive in the AI era.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:31 am