Streetbeat News

Partnerships

LZM

Lifezone Metals Limited (NYSE:LZM) has completed funding for Phase 1 of a joint venture with Glencore plc's subsidiary for a platinum group metals recycling project. Both companies have contributed $1.5 million each for a pilot project in Perth, Australia, with Phase 1 expected to finish by the first half of 2024. The project utilizes Lifezone Metals' Hydromet technology and aims to construct a commercial-scale PGM recycling facility in the US following the pilot's success.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:05 am

MSFT

TSLA

Microsoft Corp has developed a new battery material that uses 70% less lithium, which intrigued Tesla CEO Elon Musk. The material, created in collaboration with Pacific Northwest National Laboratory, also includes sodium and aims to reduce battery costs and fire risks. Advanced AI and computing were used to identify potential materials, with 23 candidates found. Musk has emphasized the importance of affordability in EV adoption, noting that high battery costs make EVs more expensive than traditional vehicles.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 9:47 am

IDCC

PCRFY

InterDigital, Inc. has renewed its patent license agreements with Panasonic Entertainment & Communication Co., Ltd. The renewals extend Panasonic's license under InterDigital's HEVC patents and its digital TV license under InterDigital's joint licensing program with Sony. Financial terms of the agreements were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:03 am

VFS

VinFast Auto (NASDAQ:VFS) unveiled its electric pickup truck concept, the VF Wild, at CES 2024. The mid-size truck features a flexible bed size, panoramic glass roof, and digital side mirrors. It was developed with Gomitiv and follows a leadership change with founder Pham Nhat Vuong as CEO. VinFast has signed agreements with five U.S. dealers to boost sales, marking its retail operations start in the U.S. The VF Wild aligns with VinFast's mission to offer sustainable EVs and enters the electric pickup market.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 8:54 am

ALVO

STADA and Alvotech have received European Commission marketing authorization for Uzpruvo (AVT04), the first ustekinumab biosimilar to Stelara, in the European Economic Area. The authorization allows for market entry post-July 2024, after the expiry of Stelara's European Supplementary Protection Certificate.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:36 am

HMC

Honda Motor Co's CEO Toshihiro Mibe announced a delay in the deployment of self-driving cars in central Tokyo, pushing the expected launch from 2026 to the late 2020s. This delay affects the joint venture with General Motors Co and its autonomous vehicle unit Cruise, which had planned to deploy Cruise Origin AVs without manual controls in Tokyo by early 2026. The delay follows a suspension of Cruise's autonomous vehicle operations in San Francisco by the California DMV over safety concerns, leading to a temporary pause in Origin AV production.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 7:31 am

WMT

Walmart+ has partnered with Andy Cohen for a campaign to support customers in maintaining their New Year's resolutions past National Quitter's Day. The campaign, 'Save Your Resolutions,' aims to encourage customers to continue pursuing their goals, such as eating healthier, saving money, spending more time with family, or traveling more, with the help of Walmart+'s services.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:08 am

HYMTF

Hyundai Motor Group has announced the expansion of its fuel cell system brand HTWO into a hydrogen value chain business brand at CES 2024. The company also revealed its ongoing development of software-defined vehicle (SDV) technologies, aiming to create a 'Software-defined Everything' (SDx) ecosystem that extends beyond mobility. Additionally, Hyundai presented its future mobility concepts, including DICE, SPACE, and CITY POD, which are centered around human needs and powered by hydrogen energy and software technologies.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:44 am

AEHR

COIN

GBTC

TGTX

TSLA

U.S. stock indices ended mixed on Tuesday, with the Dow Jones and S&P 500 down, while the Nasdaq slightly up. Grayscale Bitcoin Trust (GBTC) remained stable amid Bitcoin volatility. Coinbase (COIN) shares fell after a price target increase and French regulatory approval. TG Therapeutics (TGTX) declined despite a new agreement to expand its autoimmune portfolio. Aehr Test Systems (AEHR) rose despite expecting revenue delays. Tesla (TSLA) shares dropped as CEO Elon Musk addressed allegations regarding a former director's departure.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:45 am

HMC

TSLA

VLVCY

Honda Motor Co Ltd (NYSE:HMC) showcased two new electric vehicle concepts, the 'Space-Hub' and 'Saloon', at CES, indicating the design direction for its '0 Series' EVs set to launch in North America in 2026. The vehicles feature autonomous driving capabilities and rapid charging, charging from 15% to 80% in 10 to 15 minutes. Honda's global strategy aims to shift all sales to EVs by 2040 and has adopted Tesla Inc's EV charging standard, allowing access to Tesla Supercharger stations.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:42 am