Streetbeat News

Partnerships

HYZN

Hyzon Motors Inc. (HYZN) and New Way Trucks have entered into a Joint Development Agreement to develop a hydrogen fuel cell powered refuse truck for the North American market. This collaboration aims to leverage Hyzon's expertise in hydrogen fuel cell technology and New Way's position in the refuse vehicle sector to introduce zero-emission heavy-duty fuel cell electric vehicles (FCEVs).

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:37 pm

EADSY

SPR

Spirit AeroSystems announced it will not issue guidance due to uncertainties around 737 Max production rate increases pending FAA approval and ongoing price negotiations with Airbus.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:36 pm

AAPL

AMZN

GOOG

Amazon.Com, Inc (NASDAQ:AMZN) has partnered with UK publisher Reach to use customer data for better online ad targeting, as the industry adapts to Google's (NASDAQ:GOOG) (NASDAQ:GOOGL) and Apple Inc's (NASDAQ:AAPL) move away from third-party cookies. This strategy aims to enhance privacy while maintaining ad relevance by utilizing first-party data and contextual advertising. The shift is seen as crucial for the future of the $600 billion online advertising sector.

Portfolio Pulse from Anusuya Lahiri

February 06, 2024 | 12:29 pm

EVGN

Evogene Ltd. (NASDAQ:EVGN) and Verb Biotics LLC. have entered into a collaboration agreement to develop new strains of probiotic bacteria aimed at improving human health and vitality. The partnership will leverage Evogene's MicroBoost AI technology and Verb Biotics' expertise in microbiome health to enhance genetic pathways in microbes for novel metabolite production. Financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:10 pm

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