Streetbeat News

Partnerships

ACHR

Archer Aviation Inc. (ACHR) and Atlantic Aviation have signed an MOU to develop infrastructure for electric aircraft operations across key regions including LA, Northern California, South Florida, and NYC. The collaboration will electrify several of Atlantic Aviation's assets to support Archer's Midnight air taxi and other electric aircraft, utilizing BETA Technologies' rapid recharging systems endorsed by GAMA.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 9:11 am

MFC

Manulife has entered into a multi-year partnership with UpLink, the World Economic Forum's innovation platform, to promote longevity innovation. The partnership will involve annual Global Longevity Innovation challenges and support efforts to address challenges of global ageing.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:41 am

INTC

JPM

Chinese Premier Li Qiang met with business leaders, including JPMorgan's Jamie Dimon, at the World Economic Forum in Davos to attract foreign investment. Li emphasized China's stability and potential for high returns, promising a fair business environment despite recent economic challenges and a significant drop in foreign investment in China's stock market.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 3:04 am

BA

BRK

Boeing Co's (NYSE:BA) recent grounding of 171 of its 737 Max 9 aircraft due to a door incident may negatively affect Precision Castparts, a subsidiary of Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK). Precision Castparts, a key supplier to Boeing, has previously experienced production delays due to issues with Boeing's 737 Max and 787 programs. The ongoing problems with Boeing's aircraft could further strain its operations and relationships with suppliers like Precision Castparts.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 2:47 am

MSFT

NYT

OpenAI CEO Sam Altman has dismissed the need for substantial training data from publishers like The New York Times Co. (NYT) amidst a copyright infringement lawsuit. Altman stated that OpenAI does not want to train on NYT data and is instead seeking partnerships with publishers to provide current news to users. The lawsuit, which alleges damages in the billions, is one of several legal challenges OpenAI faces, including class-action lawsuits from various writers. Despite this, OpenAI has secured content deals with the Associated Press and Axel Springer SE.

Portfolio Pulse from Ananya Gairola

January 17, 2024 | 1:27 am

COIN

Toshi, a memecoin named after Coinbase co-founder's cat and Satoshi Nakamoto, is gaining attention in the crypto community. It's integrated with the Base blockchain, supported by Coinbase, and aims to be more than a meme by developing Toshi Tools for DeFi within Base's ecosystem. Traders are optimistic, with predictions of Coinbase stock reaching new highs and Toshi benefiting from Base's growth. The future of Toshi is uncertain, but its potential in meme culture and DeFi is notable.

Portfolio Pulse from Murtuza Merchant

January 16, 2024 | 11:35 pm

SLDP

Solid Power (NASDAQ:SLDP) announced three new agreements with SK On, including a research and development license, a line installation arrangement, and an electrolyte supply agreement. These agreements are expected to bring at least $50 million in revenue to Solid Power upon completion of milestones and electrolyte deliveries. The partnerships aim to enhance collaboration on solid-state battery technology and expand Solid Power's presence in Korea, a key battery market.

Portfolio Pulse from Charles Gross

January 16, 2024 | 10:07 pm

BXC

BlueLinx Holdings Inc. (NYSE:BXC) has expanded its distribution partnership with Huber Engineered Woods LLC to include AdvanTech subflooring and ZIP System building enclosure product lines in its Denville, NJ, and Pensacola, FL service areas. This expansion will allow BlueLinx to distribute Huber products in forty-three outlets, aiming to provide faster deliveries and strengthen Huber's market position.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:30 pm

LAES

SEALSQ Corp (NASDAQ:LAES) stock has seen a significant increase after a period of stagnation. The rise followed the announcement of its post-quantum semiconductor technology and preliminary unaudited revenue for 2023 showing a 29% increase from 2022. The company's participation in CES 2024 and the closing of a $10 million private placement also contributed to the stock's performance. Additionally, SEALSQ launched SEALCOIN.AI with Google Cloud, aiming to develop hardware and software for internet-driven devices. Despite a pullback on Friday, shares surged over 43% on Tuesday.

Portfolio Pulse from Ryan Gustafson

January 16, 2024 | 9:23 pm

ZCAR

Zoomcar, a self-drive car rental company, has appointed Adarsh Menon as its new President. Menon's role will involve overseeing Zoomcar's marketplace growth and P&L. His previous experience includes leadership positions at Walmart India and Flipkart. The appointment comes as Zoomcar continues to expand its marketplace model and enhance its technology platform.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:09 pm