Streetbeat News

Partnerships

SPR

Boeing CEO Dave Calhoun and Spirit Aerosystems CEO Pat Shanahan are scheduled to host a town hall meeting at Spirit's production facilities in Wichita, Kansas, on Wednesday at 12:30 P.M. ET.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:47 pm

AMZN

CMCSA

DIS

FOX

FOXA

PARA

PARAA

Comcast Corporation's Peacock streamed the most-watched livestreamed event in U.S. history with the NFL Playoffs game between the Miami Dolphins and Kansas City Chiefs. The game averaged 23 million viewers and peaked at 24.6 million. Comcast also aired the Cleveland Browns vs. Houston Texans game, which was the most-watched Saturday NFL Wild Card game on NBC since 2014. The NFL's move towards streaming exclusives, including Amazon's 'Thursday Night Football', indicates a shift in how fans consume sports. Comcast benefits from strong NFL viewership, with six of the top 10 most-watched primetime broadcasts in 2023. The company has one more NFL Playoffs game to air and will report Q4 financial results on Jan. 25, which may reflect the impact of NFL rights on its performance.

Portfolio Pulse from Chris Katje

January 16, 2024 | 5:54 pm

AAPL

AMZN

DIS

Walt Disney Co (DIS) is in talks with the NFL to give the league a minority stake in ESPN. Needham analyst Laura Martin believes this could add value to both parties but emphasizes the final deal terms are crucial. Martin maintains a Hold rating on Disney and predicts the deal could help Disney compete with Amazon (AMZN) and Apple (AAPL) for sports rights by offering equity instead of just cash. She maintains her Q1 2024 revenue estimate for Disney at $24.2 billion but lowers adjusted EPS estimates by 16% to $1.02. DIS shares saw a slight increase of 0.64% to $90.94.

Portfolio Pulse from Anusuya Lahiri

January 16, 2024 | 5:54 pm

SPR

Spirit Aerosystems CEO has announced an immediate increase in 737 inspections on their production line to match the quality assurance and controls that airlines will use to return the Boeing Max 9 to service.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:51 pm

ELAB

INMB

Elevai Labs, Inc. (NASDAQ:ELAB) stock is trading higher after announcing an exclusive worldwide licensing agreement with INmune Bio, Inc. (NASDAQ:INMB) to use INmune Bio's EMx technology for manufacturing hucMSCs. This technology allows Elevai to produce these cells more cost-effectively than purchasing them, which can be used in certain licensed topical cosmetic products. The agreement includes an initial deposit, a final tech transfer fee, and a nominal royalty on sales of products made using the technology.

Portfolio Pulse from Erica Kollmann

January 16, 2024 | 5:41 pm

LVO

LiveOne, Inc. (NASDAQ:LVO) reported preliminary unaudited financial results for Q3 FY 2024, with revenues exceeding $31M for the quarter and $87M for the fiscal year to date. The Audio Division achieved a record $80M in revenue for the first nine months, marking a 25% year-over-year increase. Additionally, LiveOne expanded its partnership with Tesla to include the Truck Division. The company has around $11M in cash and $28M in short-term assets. These results are preliminary and unaudited, and adjustments may occur during the quarter-end closing procedures.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:32 pm

AUVI

Applied UV, Inc. (NASDAQ:AUVI) shares dropped on Tuesday after the company announced strategic investments in LED Supply Co., which are expected to yield $10 million in sales in 2024. With $3 million in orders already received, AUVI anticipates these sales will help drive the company towards positive cash flow. The CEO highlighted the benefits of recent acquisitions in the Smart Building Technologies Division. AUVI also plans to launch its Fighter Flex LED solution at the AHR Expo and has partnered with Silver Cross Hospital to implement Far-UVC Puro Protect 222nm fixtures. Despite these developments, AUVI shares fell by 16.60% to $3.17.

Portfolio Pulse from Nabaparna Bhattacharya

January 16, 2024 | 5:26 pm

BLBD

Blue Bird Corporation (NASDAQ:BLBD) received a record order of 180 electric school buses from the Los Angeles Unified School District (LAUSD), marking the company's largest single order from a school district. The order includes 150 All American and 30 Vision model buses, with delivery expected in October 2024. This move aligns with LAUSD's goals to reduce greenhouse gas emissions and improve operational efficiencies. Blue Bird's electric buses feature vehicle-to-grid (V2G) capability, potentially allowing LAUSD to sell excess energy back to power companies. Blue Bird has delivered 1,500 electric buses across 41 states and is expanding its production capacity to meet the growing demand for zero-emission vehicles.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:05 pm

ACRS

Aclaris Therapeutics Inc (NASDAQ:ACRS) is experiencing a rise in stock price following the announcement of leadership changes and a strategic review of its business. Douglas Manion has stepped down as CEO, President, and Board Member, with Neal Walker, co-founder and former CEO, appointed as Interim CEO. Aclaris is also seeking a partner for its ATI-1777 drug and assessing the pathway for ATI-2138. The company reported having approximately $182 million in cash and marketable securities as of December 31, 2023. Aclaris' shares were up 25% at $1.16.

Portfolio Pulse from Vandana Singh

January 16, 2024 | 4:47 pm

LYB

LyondellBasell Industries NV (NYSE:LYB) has announced a $500 million deal to acquire a 35% stake in National Petrochemical Industrial Company (NATPET) in Saudi Arabia. The joint venture will enhance LYB's access to advantaged feedstocks and markets, and is aligned with Saudi Arabia's 2060 carbon reduction strategy. The deal is pending regulatory approval. Additionally, LYB and Alujain are considering building a new propylene production facility at the NATPET site. As of September 30, LYB had $2.84 billion in cash and liquid investments. LYB's stock saw a slight decrease of 0.10% to $94.34.

Portfolio Pulse from Lekha Gupta

January 16, 2024 | 4:46 pm