Streetbeat News

Partnerships

ARKK

ARKQ

ARKW

HTZ

TSLA

UBER

Ark Invest CEO Cathie Wood supports Elon Musk's desire to increase his ownership of Tesla to 25% to lead AI and robotics initiatives. Wood praised Musk's vision and criticized the market's short-term focus. She also commented on Hertz scaling back its EV plans, noting the maintenance cost benefits of EVs over traditional cars. Wood mentioned Uber's encouragement for drivers to use Tesla vehicles. Tesla is a significant holding in several Ark ETFs, and Wedbush analyst Dan Ives views Musk's potential AI projects outside Tesla as a negative for the company.

Portfolio Pulse from Chris Katje

January 23, 2024 | 11:01 pm

CMCSA

DIS

EDR

FOX

NFLX

TKO

Dwayne Johnson, also known as 'The Rock', has joined the Board of Directors of TKO Group Holdings, the parent company of WWE and UFC. TKO announced a 10-year, $5 billion deal with Netflix for exclusive streaming rights to WWE content starting in 2025. Johnson will gain ownership of his trademarked name 'The Rock' and receive restricted stock awards up to $30 million. TKO is majority owned by Endeavor Group Holdings. Johnson's involvement could lead to synergies with his other investments and brand partnerships, including Under Armour and the United Football League, which has media deals with Disney and Fox Corporation.

Portfolio Pulse from Chris Katje

January 23, 2024 | 10:55 pm

DWAC

FMCC

FNMA

PHUN

PSQH

RUM

Stocks associated with Donald Trump have surged following his victory in the Iowa primaries. Phunware Inc. (PHUN) and Digital World Acquisition Corp. (DWAC) saw increases of over 400% and 180%, respectively. PSQ Holdings Inc. (PSQH), Rumble Inc. (RUM), and mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) also experienced gains between 30% and 45% since the beginning of the year. These companies are linked to Trump through business ventures, investments, or potential policy benefits from a Trump presidency.

Portfolio Pulse from Piero Cingari

January 23, 2024 | 10:52 pm

CAG

DEO

GIS

ONON

PEP

Dolly Parton has partnered with Conagra Brands Inc (NYSE:CAG) through its Duncan Hines brand to launch a new line of breakfast products, aiming to compete with General Mills’ (NYSE:GIS) Bisquick and PepsiCo’s (NYSE:PEP) Pearl Milling Co pancake mix. This follows her previous successful ventures in entertainment and hospitality. The trend of celebrities partnering with or investing in consumer goods brands is highlighted, with examples like Ryan Reynolds' Aviation Gin, Roger Federer's On Holding AG (NYSE:ONON), and Kim Kardashian's Skims.

Portfolio Pulse from Aaron Bry

January 23, 2024 | 10:43 pm

AUMN

METC

USAP

BHP Xplor has launched a second accelerator program for early-stage mineral exploration companies, selecting six from over 500 applicants to receive grants and expert support. Golden Minerals Company has started silver-gold mining operations at its Velardeña Properties in Mexico, with plans to ramp up production throughout the year. Ramaco Resources hired Dr. Alex Moyes as director to oversee rare earth element operations at its Brook Mine, which could be the largest unconventional deposit in the US. Universal Stainless received an Overweight rating from Keybanc with a raised price target.

Portfolio Pulse from Austin DeNoce

January 23, 2024 | 10:39 pm

EDR

NFLX

TKO

TKO Group Holdings, Inc. (TKO) announced a $5 billion, 10-year deal with Netflix, Inc. (NFLX) to stream WWE's 'Raw' exclusively. The deal, which emphasizes the importance of live sports for streaming services, sent TKO's stock soaring over 20%. Netflix is expanding into live sports, having already streamed events like the 'Tour de France: Unchained' and the 'Netflix Cup'. The partnership will bring three hours of live WWE programming weekly to Netflix. Netflix's Q4 financial results mentioned ongoing investments in live programming. TKO, partly owned by Endeavor Group Holdings Inc (EDR), was formed to integrate UFC and WWE.

Portfolio Pulse from Erica Kollmann

January 23, 2024 | 10:17 pm

ORMP

Oramed Pharmaceuticals and its partners plan to initiate a Phase 3 trial in the U.S. for oral insulin. Oramed will receive a 3% royalty on gross revenues generated from its related assets by the joint venture.

Portfolio Pulse from Charles Gross

January 23, 2024 | 9:51 pm

ORMP

Oramed Pharmaceuticals and its unit have entered into a joint venture agreement with Hefei Tianhui Biotech and Technowl. Both Oramed and HTIT will hold equal shares in the joint venture, each owning 50% of the equity.

Portfolio Pulse from Charles Gross

January 23, 2024 | 9:50 pm

ALSN

Allison Transmission has announced a strategic partnership with SANY, a global heavy equipment manufacturer, to supply transmissions for SANY's mining vehicles. Allison will provide its Off Road Series (ORS) and Wide Body Dump Series (WBD) transmissions for SANY's next-generation mining dump trucks and other vehicles. This partnership is expected to help Allison gain significant market share in the global mining industry, particularly in Africa, Asia, and South America.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:12 pm

NOK

TMUS

T-Mobile has chosen Nokia as a partner to enhance the scalability and efficiency of its 5G high-speed internet service, according to Reuters. This partnership is expected to improve T-Mobile's 5G network capabilities and potentially lead to better service for its customers.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:46 pm