Streetbeat News

Partnerships

LUV

During a conference call, the CEO of Southwest Airlines expressed that improvements at Boeing would be beneficial for Southwest Airlines. This statement underscores the close relationship between the two companies, as Southwest is a major customer of Boeing aircraft.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:12 pm

AKTS

INBS

LVTX

PCSA

RDHL

TSLA

VERA

Tesla, Inc. (TSLA) shares fell over 12% after reporting Q4 results that missed consensus estimates, with revenue at $25.17 billion against an expected $25.62 billion and EPS at 71 cents versus 74 cents expected. Meanwhile, U.S. stocks were slightly higher, with the Nasdaq up 0.2%. Communication services shares led gains, while consumer discretionary shares, including Tesla, lagged. Oil prices rose 2%, and Vera Therapeutics (VERA), Processa Pharmaceuticals (PCSA), and LAVA Therapeutics (LVTX) saw significant stock increases due to positive clinical trial data and partnerships. Conversely, RedHill Biopharma (RDHL), Akoustis Technologies (AKTS), and Intelligent Bio Solutions (INBS) experienced sharp declines.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 6:08 pm

PYPL

PayPal Holdings, Inc. (NASDAQ:PYPL) announced six new innovations aimed at revolutionizing commerce through AI-driven personalization for merchants and consumers. These include a new PayPal checkout experience, Fastlane by PayPal for faster guest checkout, Smart Receipts with AI-personalized recommendations, an advanced offers platform for merchants, a reinvented PayPal consumer app with cash back offers, and enhanced Venmo business profiles for small businesses. These innovations are expected to speed up transactions, increase merchant sales, and provide more value to consumers. PayPal's global scale and AI capabilities are leveraged to deliver these new services, with rollouts starting in the United States throughout 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:47 pm

SOLUSD

Colosseum, a new venture capital fund, has been launched by a former Solana veteran to support blockchain startups, particularly those on the Solana platform. The organization will take over the organization of Solana Foundation’s hackathons, which have been instrumental in the ecosystem's growth. Colosseum will also introduce an Accelerator Program offering $250,000 in pre-seed capital to select hackathon winners. Despite the bear market, Solana has seen an 83% increase in new developer growth and a rise in developer retention rates from 31% to 50%.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 5:30 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) announced an expanded partnership with Carahsoft Canada, making Carahsoft the sole distributor of Palantir's platform to the Canadian public sector. This partnership is a significant step in Palantir's growth in Canada. Palantir is also expected to report Q4 financial results on Feb. 5, with an estimated EPS of 8 cents on revenue of $602.554 million. Despite the news, PLTR stock was roughly flat, with a slight decrease of 0.75% at $16.63.

Portfolio Pulse from Adam Eckert

January 25, 2024 | 5:25 pm

BLK

BTCUSD

During Benzinga's Crypto Webinar, Alex Chizhik discussed how an ETF can solve custody problems associated with cryptocurrencies. He also mentioned the potential for other financial products to be layered onto it. BlackRock has acknowledged the demand for such financial products.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:47 pm

BLK

BTCUSD

Stefan Rust, founder of Truflation and former CEO of Bitcoin.com, stated in Benzinga's Crypto Webinar that there is demand for cryptocurrencies, leading to firms like BlackRock and Fidelity engaging in the space and adding credibility to the market.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:41 pm

META

Meta Platforms Inc. (NASDAQ:META) announced the establishment of a new $800 million data center campus in Jeffersonville, Indiana. The facility will support 100 operational jobs and over 1,250 construction jobs at peak. The data center, expected to be operational in 2026, will be Meta's 18th in the U.S. and 22nd globally. It will be powered by 100% renewable energy and aims for LEED Gold certification. Indiana has committed a 35-year term data center sales tax exemption for Meta, with potential extensions based on additional investments.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:49 pm

LVTX

MRK

LAVA Therapeutics' stock price has increased following the announcement of a clinical trial collaboration and supply agreement with Merck & Co. The collaboration is to evaluate LAVA-1207 in combination with Merck's KEYTRUDA.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 3:48 pm

NVDA

TSM

Nvidia Corp (NVDA) stock is experiencing an uptick due to the ongoing artificial intelligence (AI) boom, with its market value significantly increasing over the past year. Nvidia has been adapting to U.S. restrictions by creating compliant semiconductors for the Chinese market. Nvidia CEO Jensen Huang met with Taiwan Semiconductor Manufacturing Co (TSM) executives to discuss AI chip supply, which is crucial given TSMC's role as a key producer of Nvidia's chips. Analysts remain bullish on Nvidia, citing its leadership in GPU and chip supply and its potential in various sectors including AI, gaming, automotive, and data centers. Nvidia's stock rose 218% last year and was up 1.69% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 3:15 pm