Streetbeat News

Partnerships

GIB

CGI (NYSE:GIB) has entered into a 10-year strategic partnership with Posti Group to develop and deliver digital multichannel messaging services. The partnership includes the transfer of 88 professionals from Finland, Poland, Latvia, and Estonia to CGI, and a collaboration to modernize digital messaging technology. This will enable Posti to better meet customer expectations and enhance cybersecurity and operational security.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:02 am

SPGI

S&P Dow Jones Indices (S&P DJI) has been chosen by PenSam, a Danish pension provider, to create a custom climate-focused index using S&P DJI's beS&P Index service. This service allows clients to collaborate on index-based solutions tailored to their specific needs, incorporating proprietary exclusions and targeted exposures.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:09 am

CSCO

MSFT

SSNLF

At Integrated Systems Europe (ISE) 2024, Cisco, Microsoft, and Samsung announced new meeting room solutions for enhanced hybrid meetings. The collaboration includes Cisco Room Series integration with Microsoft Teams Rooms' Front Row layout and Samsung's Smart Signage screens.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:07 am

F

U.S. House committees have requested the Biden administration to investigate four unnamed Chinese companies linked to Ford Motor's (NYSE:F) upcoming Michigan battery plant. Concerns involve ties to the Chinese military, the Chinese Communist Party, North Korea, and human rights issues in Xinjiang. The plant, announced in partnership with Chinese battery maker CATL, aims to strengthen Ford's position in the electric vehicle market despite recent challenges, including a UAW strike.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 7:37 am

CHKP

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has announced the launch of a new Partner Program designed to enhance partner capabilities and stimulate growth in the dynamic cyber security market.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 7:08 am

BYDDY

TSLA

BYD Co Ltd, backed by Warren Buffett, is preparing for intense competition in China's EV market and is open to collaboration with Tesla Inc. BYD has outperformed Tesla in vehicle production in 2023 and expects tough competition to lead to the elimination of weaker brands within two to three years. BYD's GM of Branding and PR, Yunfei Li, praised Tesla and suggested cooperation to grow the EV market. Tesla's CEO Elon Musk confirmed BYD as a supplier. BYD anticipates being profitable amidst competition and has invested heavily in vehicle intelligence and NEV evolution. The company expects a significant profit increase for the last year, while Tesla saw a 15% gross profit decline in 2023. Berkshire Hathaway has reduced its stake in BYD.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 5:32 am

AAPL

MSFT

SPOT

Microsoft's Xbox President, Sarah Bond, criticized Apple's new EU App Store rules, aligning with previous disapproval from Spotify and Epic Games. Apple's policy includes a 'Core Technology Fee' for apps using third-party app stores and retains a 17% commission for third-party payment processors. The European Commission will review Apple's changes in March, while the tech community has expressed concerns over the policies' impact on competition and openness.

Portfolio Pulse from Ananya Gairola

January 30, 2024 | 2:38 am

JNJ

NBTX

Nanobiotix has achieved a significant milestone by receiving a $20M payment as part of its global licensing agreement with Janssen for a Phase 3 study on head and neck cancer. This payment marks the first development milestone under the agreement.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:16 pm

GILD

RCUS

Gilead Sciences, Inc. has increased its investment in Arcus Biosciences by purchasing additional common stock worth $320 million at $21.00 per share, raising its ownership stake to 33%. This investment emphasizes the companies' commitment to the TIGIT pathway and aims to expedite the development of the Anti-TIGIT program. Gilead also secured an additional seat on the Arcus board as part of the amended collaboration.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 10:04 pm

AMZN

Kueski Pay, a payment method allowing customers to pay in bi-weekly installments, is now available on Amazon Mexico. Merchants have reported up to 70% growth in conversion rates and 40% higher purchase frequency when using Kueski Pay.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:58 pm