Streetbeat News

Partnerships

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

ABAT

PLL

UAMY

TD Cowen downgraded Piedmont Lithium Inc. (PLL) from Outperform to Market Perform. President Biden's advisors support union jobs and U.S. steel manufacturing, affecting U.S. Steel Corporation's (X) deal with Nippon Steel. An investigation into the fairness of the deal's terms for U.S. Steel shareholders is underway. United States Antimony Corporation (UAMY) appointed Jeffrey Fink as VP and General Manager of its Bear River Zeolite operation, anticipating production improvements. American Battery Technology Company (ABAT) will discuss battery recycling at the Bloomberg New Energy Finance Summit.

Portfolio Pulse from Austin DeNoce

January 29, 2024 | 9:34 pm

DKNG

MGM

Twitter, now owned by Elon Musk and referred to as X, is reportedly in talks with BetMGM, a joint venture of MGM Resorts International and Entain, to integrate sports betting data on the platform. This partnership could allow Twitter users to access BetMGM betting odds and place bets directly. The potential collaboration, which has not been officially announced, comes ahead of Super Bowl LVIII, a major event for sports betting. BetMGM is a key player in the sports betting market, competing with leaders like DraftKings Inc and FanDuel. The partnership could boost user engagement on Twitter and drive new sign-ups for BetMGM.

Portfolio Pulse from Chris Katje

January 29, 2024 | 9:14 pm

AMZN

LCID

TSLA

Amazon.com Inc (NASDAQ:AMZN) now owns the distribution rights to the James Bond franchise after acquiring MGM. Lucid Group (NASDAQ:LCID) CEO Peter Rawlinson hinted at a partnership with Aston Martin to supply electric powertrain technology for an electric vehicle that may be featured in the next Bond movie. This could boost Amazon's media efforts and Lucid's brand visibility. Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, who owns a vehicle from a Bond film, has also been mentioned in relation to the Cybertruck's design inspiration.

Portfolio Pulse from Chris Katje

January 29, 2024 | 7:56 pm

GLD

IRBT

LCID

SOFI

TLT

TSLA

US stocks saw modest gains on Monday, with the S&P 500 and Nasdaq 100 up slightly, while the Dow Jones was steady. Tesla rebounded 2.4%, SoFi surged over 17% on strong Q4 results, and Lucid jumped 20% on James Bond film rumors. Treasury yields dipped, boosting TLT. Gold prices rose, benefiting GLD, while crude oil prices fell. Major earnings reports and the Federal Reserve meeting are anticipated this week.

Portfolio Pulse from Piero Cingari

January 29, 2024 | 6:57 pm

SIRI

Smartless Podcast Group has reportedly signed a deal worth $100 million with SiriusXM. This deal could potentially enhance content offerings and attract more subscribers to SiriusXM's platform.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:19 pm

HSY

PFGC

Performance Food Group (PFGC) has partnered with The Hershey Company (HSY) to feature Hershey's iconic chocolate brands in its premium dessert line. This collaboration is expected to enhance PFGC's dessert offerings by incorporating well-known Hershey's chocolate products.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:07 pm

GILD

HOOK

MRK

RHHBY

Roche Holdings AG (OTC:RHHBY) has terminated its collaboration with HOOKIPA Pharma Inc (NASDAQ:HOOK) on the HB-700 program for KRAS mutated cancers. HOOKIPA will regain full control of the program in April 2024 and plans to submit an IND in Q1 2024, seeking a new partner. HOOKIPA is refocusing on its HB-200 program for HPV16+ HNSCC and infectious disease programs with Gilead Sciences Inc (NASDAQ:GILD). The company will reduce its workforce by 30% and rebalance costs. HOOKIPA's cash position was $117.5 million as of December 31, 2023, bolstered by Gilead's purchase of 15 million shares in December. HOOKIPA's stock price dropped 15% to $0.59.

Portfolio Pulse from Vandana Singh

January 29, 2024 | 5:55 pm

LCID

TSLA

Lucid Group, Inc. (NASDAQ:LCID) shares are experiencing a significant increase on heavy trading volume, despite a 25% decline over the past month. The movement comes ahead of Lucid's Q4 financial results expected on Feb. 21, with an anticipated loss of 29 cents per share and revenue of $179.881 million. The stock's activity may also be influenced by a high short interest of 21.97% and a recent partnership between Lucid's majority owner, Saudi Arabia's Public Investment Fund, and Formula E. Meanwhile, Tesla, Inc. (NASDAQ:TSLA) reported Q4 earnings below analyst estimates, affecting other EV stocks.

Portfolio Pulse from Erica Kollmann

January 29, 2024 | 5:34 pm

FXI

SPY

U.S. lawmakers have requested the Biden Administration to impose export restrictions on four Chinese companies involved in Ford Motor's planned battery plant in Michigan. This could potentially affect the progress of the plant and Ford's electric vehicle strategy.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 5:16 pm