Streetbeat News

Partnerships

RKLB

SPIR

Rocket Lab USA, Inc. (RKLB) shares are trading lower in the premarket session despite the successful launch of its first Electron mission for 2024, which included a space-junk-focused mission for Spire Global, Inc. (SPIR) and NorthStar Earth & Space. The mission also marked a step towards reusability by returning the Electron rocket's first stage post-launch. CEO Peter Beck highlighted the mission's success and the company's record number of missions booked for 2024. Earlier in the month, Rocket Lab secured a $515 million contract with the Space Development Agency for 18 satellites, contributing to a backlog of over 40 satellites in development and production.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 12:29 pm

TIXT

TELUS International (NYSE: TIXT) has announced a partnership with Morpheus Data to enhance its hybrid cloud platform operations. The collaboration aims to simplify and make more agile the management of TELUS International's hybrid cloud environments, leveraging Morpheus Data's expertise in this area. This strategic move is expected to improve operational efficiencies and potentially lead to better service offerings for TELUS International's customers.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:57 am

FSR

Fisker Inc. held its first Open House event, welcoming dealers from across North America. During this event, Mills Auto Group was announced as Fisker's first US dealer partner. This partnership is a significant step for Fisker as it expands its retail presence in the United States.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 11:54 am

F

Ford Motor Co (NYSE:F) will supply over 1,000 F-150 Lightning and Mustang Mach-E electric vehicles to Ecolab as part of the latter's initiative to electrify its North American fleet by 2030. Ecolab aims to reduce costs and save approximately $1,400 in fuel per vehicle annually. Ford's electric truck and SUV will join Ecolab's predominantly Ford fleet, continuing a nearly 100-year partnership between the companies. In 2023, Ford's F-150 Lightning was the best-selling electric truck in America.

Portfolio Pulse from Anan Ashraf

January 31, 2024 | 10:45 am

INFY

Infosys (NYSE:INFY), a global digital services and consulting firm, has entered into a seven-year strategic collaboration with Musgrave, Ireland's top food retail and wholesale company. Infosys will automate Musgrave's IT operations using its AI and Cloud offerings, Infosys Topaz and Infosys Cobalt, to drive a cognitive first IT transformation.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:29 am

INTC

MSFT

TEAM

Microsoft Corp. (MSFT) and Intel Corp. (INTC) are optimistic about the PC market's recovery, with Microsoft reporting a 9% increase in Windows OEM revenue and focusing on AI integration in PCs. Microsoft's 'Devices' revenue is expected to decline in March 2024, but the company is highlighting AI advancements, including the Copilot key and AI assistant on over 75 million PCs. Intel is aligning with Microsoft's AI focus to drive revenue growth. Analyst firm Counterpoint Research and IDC data indicate early signs of recovery in the global PC industry. Atlassian Corp. (TEAM) is among the companies using Microsoft's Copilot ecosystem for business needs.

Portfolio Pulse from Rounak Jain

January 31, 2024 | 10:03 am

MSFT

Microsoft CEO Satya Nadella expressed his reliance on the AI tool Copilot, which integrates with Microsoft products and services. In an interview, he emphasized its importance in his daily work routine. Microsoft, which backs OpenAI, offers free access to GPT-4 through Copilot for Android users and has extended its features to all Windows users. Copilot assists with tasks like window arrangement, content summarization, photo editing, and image generation.

Portfolio Pulse from Ananya Gairola

January 31, 2024 | 9:48 am

CSBTF

Kuros Biosciences has received FDA 510K clearance for its MagnetOs Granules for interbody use, marking the third product in the MagnetOs portfolio to gain such approval. Additionally, Kuros has obtained regulatory clearance for both MagnetOs Granules and MagnetOs Putty in New Zealand and will launch these products through an exclusive distribution agreement with Vortek Spine Limited.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:51 am

ACCYY

TNL

Travel + Leisure Co. has agreed to acquire the vacation ownership business of Accor for $48.4 million. The acquisition is expected to be immediately accretive to Travel + Leisure Co. and aligns with their strategy of expanding their vacation brand portfolio. This deal also sets the stage for the development of new timeshare products in the Asia Pacific, Middle East, Africa, and Turkey regions under the Accor Vacation Club brand.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:25 am

SLB

SLB CEO Olivier Le Peuch reaffirmed the company's 2024 financial guidance despite Saudi Aramco's decision to maintain its Maximum Sustainable Capacity at 12 MMBD instead of increasing it to 13 MMBD. Le Peuch stated that all ongoing oil and gas projects with Saudi Aramco remain intact, with only two offshore oil increment projects being suspended. He emphasized SLB's strong position in the Middle East, with a revenue mix weighted towards onshore and the expanding gas market, and expressed confidence in the global energy demand and the role of international production through 2024 and beyond.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:22 am