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Partnerships

LTH

MAC

Macerich has announced that Life Time will open a new outlet at Twenty Ninth Street in central Boulder, Colorado, early next year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:22 am

TTE

TotalEnergies SE (NYSE:TTE) and Corio Generation won a 20-year contract from New Jersey to supply 1.34 GW of renewable electricity. The Attentive Energy Two project, a joint venture between TotalEnergies (70%) and Corio (30%), will power over 650,000 homes and is expected to be commissioned in 2031. The project guarantees profitability with a set OREC revenue price and a 30% IRA tax credit. TotalEnergies also recently acquired Kyon Energy and partnered with European Energy for Nordic offshore wind projects. TTE shares rose 1.53% to close at $64.24.

Portfolio Pulse from Lekha Gupta

January 25, 2024 | 10:34 am

ABB

Xiao-I and ABB have entered into a strategic partnership to advance industrial digital intelligence using the Hua Zang Universal Large Language Model.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:38 am

JNPR

Summit Communications in Bangladesh has chosen Juniper Networks' PTX Series Routers to implement a 400G converged optical routing solution. This selection is aimed at enhancing the network infrastructure in Bangladesh by providing high-capacity and scalable connectivity.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:24 am

TSLA

During Tesla's Q4 earnings call, CEO Elon Musk stated that Tesla has not yet entered into any licensing agreements for its Full Self-Driving (FSD) software with rival automakers. Musk suggested that competitors may not believe in the technology's viability. Tesla's Q4 revenue increased by 3% year-on-year to $25,167 million, but was affected by lower FSD revenue compared to the previous year. Musk anticipates a significant revenue increase once FSD is approved by regulators.

Portfolio Pulse from Anan Ashraf

January 25, 2024 | 5:05 am

BYDDF

LGEIY

PCRFF

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), during an earnings call, highlighted the competitive edge of Chinese automakers, particularly noting their potential to 'demolish' global rivals if not for trade barriers. Musk acknowledged BYD (OTC:BYDDF) (OTC:BYDDY) as a key battery supplier, along with Panasonic (OTC:PCRFF) (OTC:PCRFY), CATL, and LG (OTC:LGEIY), and plans to increase orders in 2024. Despite Tesla's revenue increase to $25.17 billion in Q4, it fell short of expectations. The rise of Chinese EV makers like BYD, which outsold Tesla in the last quarter, is intensifying competition, prompting Tesla to reduce prices in China and Europe.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 3:10 am

GOOG

GOOGL

Alphabet Inc. (GOOG, GOOGL) has settled a $1.67 billion patent lawsuit with Singular Computing regarding AI chip technology. The lawsuit, initiated in 2019, accused Google of using Singular's technology in its Tensor Processing Units. The terms of the settlement are undisclosed. This settlement occurs during a time of significant changes in Google's AI division, including Alphabet's recent split from its Australian AI training partner, Appen.

Portfolio Pulse from Ananya Gairola

January 25, 2024 | 2:57 am

AAPL

TSM

Apple Inc. has reportedly booked the majority of Taiwan Semiconductor Manufacturing Company Ltd.'s initial 2nm chip production, set to begin in 2025. These chips are speculated to be used in Apple's iPhone 17 Pro lineup. TSMC's 2nm technology is expected to be the most advanced in terms of density and energy efficiency.

Portfolio Pulse from Ananya Gairola

January 25, 2024 | 2:06 am

KKR

TIGO

Tigo Colombia, a subsidiary of Millicom, has agreed to sell approximately 1,100 wireless communications towers to affiliates of investment funds managed by KKR. The terms of the deal were not disclosed. KKR intends to lease the towers back to Tigo Colombia to support its wireless networks, in partnership with NEXO LatAm, a platform aiding KKR's infrastructure strategy in Latin America.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:59 pm

XELB

Xcel Brands has announced a 30% investment in ORME, a New York-based short-form video marketplace. ORME focuses on content created by shoppers, creators, influencers, and brands in the digital space. The platform was co-founded by Xcel Brands and KonnectBio, Inc. No financial terms of the investment were disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:27 pm