Streetbeat News

Partnerships

NIO

NIO Inc (NYSE:NIO) stock is trading higher after hitting 52-week lows, following a meeting among major automakers in China discussing the development of the automotive industry. The meeting focused on promoting new energy vehicles (NEVs), boosting NEV adoption, and global expansion. This positive sentiment comes despite recent pressure on NIO's stock due to missed GDP and retail sales estimates in China and price cuts from competitors like Tesla.

Portfolio Pulse from Adam Eckert

January 18, 2024 | 3:05 pm

PWSC

Kansas Statewide Virtual School has chosen PowerSchool's Student Information Cloud to improve its operational capabilities. Additionally, Rocket Online Schools has adopted PowerSchool SIS and PowerSchool Enrollment Express. The financial terms of the agreements were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 3:05 pm

GOOG

GOOGL

MSFT

Microsoft Corp's integration of ChatGPT into Bing has led to modest growth in its search market share, now at 3.4%. Despite doubling U.S. monthly active users and a tenfold increase in usage with DALL-E 3 integration, Bing's market position remains far behind Google's over 90% share. Microsoft plans to introduce ads and enhance features to drive more traffic and revenue, while Google develops its own AI tools and plans to integrate Gemini. MSFT shares saw a slight increase of 0.85% to $392.78.

Portfolio Pulse from Anusuya Lahiri

January 18, 2024 | 2:44 pm

AAPL

GOOG

SSNLF

Samsung Electronics Co Ltd. (OTCPK: SSNLF) has launched the Galaxy S24 series with Galaxy AI features powered by Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Gemini large-language model. These AI features are free until the end of 2025 and include live translations, generative AI editing for images, and more. Some features are similar to those in Apple Inc.'s (NASDAQ:AAPL) iPhone 15 Pro and Google's Pixel 8 series.

Portfolio Pulse from Rounak Jain

January 18, 2024 | 2:19 pm

Citi has partnered with LuminArx Capital to launch a strategic private lending vehicle named Cinergy. LuminArx has committed over $2 billion of capital to support Cinergy. This initiative will enable Citi's Spread Products franchises to provide a wider range of asset-backed and corporate capital solutions to its global clients.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:09 pm

STSS

Sharps Technology has signed a Letter of Intent (LOI) with Roncadelle Operations to sell and distribute each other's products. This strategic move aims to leverage the strengths of both companies to enhance their market presence and expand their product distribution capabilities.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:08 pm

CIEN

Vocus is set to deploy Ciena's WaveLogic 6 Extreme (WL6e) 1.6 Tb/s coherent technology to enhance network efficiency and capacity, addressing the growing demands for cloud services and AI. This deployment will make Vocus the first network operator to adopt this technology, which will improve cost-effectiveness and reliability across its Australian network. Ciena's WL6e supports up to 1.6 Tb/s single-carrier wavelengths, enabling Vocus to manage increased bandwidth demands and drive energy efficiency by reducing equipment and space requirements.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:07 pm

AAPL

DFS

JPM

NVDA

PLUG

TSLA

The cryptocurrency market saw significant movements with a record $665M Bitcoin transaction and a surge in meme coins after Trump's statement against CBDCs. In the US markets, Discover Financial reported lower Q4 profits, and the Dow fell for the third consecutive session. Trump leads in New Hampshire polls and opposes CBDCs, while Biden seeks Ukraine aid. In tech, TSMC exceeded expectations despite a profit drop, and Apple and Nvidia plan expansions. Tesla faces questions over its pricing strategy, and Rivian introduces leasing options. JPMorgan's CEO met with other bank leaders to discuss fintech competition.

Portfolio Pulse from Akanksha Bakshi

January 18, 2024 | 2:05 pm

WINT

Windtree Therapeutics has entered into an agreement to develop and commercialize its drug candidates in China, with the potential to receive up to $138.1 million in milestone payments and low double-digit royalties. This deal aims to support Windtree's treatments for acute heart failure and cardiogenic shock, addressing an unmet medical need in China.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:04 pm

FTV

Allied Digestive Health (ADH) has partnered with Provation, a Fortive Corporation (NYSE:FTV) subsidiary, to implement Provation Apex, a cloud-based procedure documentation and charting solution. This technology will be used across ADH's 30+ facilities and by its 150+ gastroenterologists to improve clinical productivity and patient care. The agreement highlights ADH's commitment to efficient operations and enhanced patient experience, leveraging Provation Apex's cloud-native SaaS platform for GI procedures.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 2:03 pm