Streetbeat News

Partnerships

ABNB

BKNG

EXPE

TRIP

BMO Capital Markets analyst Brian J. Pitz initiated coverage on several online travel stocks. Airbnb Inc (ABNB) received a Market Perform rating with a $134 price target, citing potential revenue risks from regulatory challenges. Booking Holdings Inc (BKNG) was rated Outperform with a $4,150 price target, with expectations of wallet share gains and benefits from the travel tailwind in 2024. Expedia Group Inc (EXPE) also received an Outperform rating and a $181 price target, with positive outlooks on its integrated tech stack and customer experience improvements. TripAdvisor Inc (TRIP) was given a Market Perform rating and a $20 price target, with potential for strategic M&A. BKNG and EXPE stocks were up, while ABNB and TRIP were down in the last check Tuesday.

Portfolio Pulse from Lekha Gupta

January 09, 2024 | 6:52 pm

AAPL

AMZN

DIS

GOOG

Amazon.com Inc has launched Matter Casting, a new feature that allows cross-platform video streaming to Amazon devices, challenging Apple's AirPlay and Google's streaming services. Initially limited to streaming from Prime Video to Echo Show devices, Amazon plans to expand Matter Casting to Fire TV and support other video services by year-end. The feature is part of the broader Matter standard for smart home device interoperability, which includes Apple and Google. Amazon's stock rose 2.66% on this news.

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 6:48 pm

WBD

Warner Bros. Discovery (WBD) and Tom Cruise have announced a strategic partnership to develop and produce original and franchise theatrical films starring Cruise, starting in 2024. Cruise's production company will have offices on the Warner Bros. Discovery lot. This partnership signifies Cruise's return to Warner Bros., where he has a history of successful films. The collaboration is part of Warner Bros. Discovery's mission to revitalize the studio.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:14 pm

GOOGL

PSNY

Polestar continues its strategic partnership with Google, showcasing new automotive features at CES 2024. These features, including trip planning on Google Maps and in-car browsing with Google Chrome, are rolling out for Polestar cars, starting with Polestar 2. The collaboration highlights the expansion of the Android Automotive OS ecosystem and the introduction of new apps and functionalities for Polestar vehicles.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:06 pm

GOOG

GOOGL

Google has partnered with TikTok to enable streaming of TikTok videos from phones to TVs. This collaboration integrates TikTok's mobile platform with Google's streaming technology, potentially increasing user engagement on both platforms.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:01 pm

ARKK

RXRX

Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) stock has risen over 80% in the past month and is one of today's biggest movers after unveiling its new software, LOWE, at the J.P. Morgan Healthcare Conference. LOWE is designed to perform complex drug discovery tasks using a natural language interface. Additionally, Recursion recently in-licensed a new chemical entity from Bayer AG for fibrosis treatment and was added to the ARK Innovation ETF (NYSE:ARKK) portfolio.

Portfolio Pulse from Erica Kollmann

January 09, 2024 | 5:54 pm

MBLY

At CES 2024, the CEO of Mobileye Global introduced the DXP Operating System, designed for automakers to enhance vehicle connectivity and autonomous driving capabilities. This new platform could position Mobileye as a key player in the automotive technology space, potentially influencing partnerships and adoption rates among car manufacturers.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:23 pm

EOSE

TTI

Eos Energy Enterprises, Inc. (EOSE) has expanded its collaboration with TETRA Technologies, Inc. (TTI), making TETRA the primary strategic supplier for Eos's Eos Z3 energy storage cube. The agreement, which is for four years and extendable, includes at least 75% supply of electrolyte product needs with favorable pricing and cost-saving methodologies. The partnership aims to scale production, reduce costs, and enhance battery performance as demand for Long Duration Energy Storage increases. EOSE shares dropped by 5.32% to $0.9450, and TTI shares fell by 1.61% to $4.27.

Portfolio Pulse from Akanksha Bakshi

January 09, 2024 | 5:20 pm

AMZN

GOOG

MSFT

The European Commission (EC) is 'checking' Microsoft Corp's (NYSE:MSFT) investment in OpenAI, which may be subject to EU Merger Regulation review. This follows the UK's Competition and Markets Authority (CMA) investigation into whether Microsoft's partnership with OpenAI resulted in an 'acquisition of control.' The EC is also conducting a wider probe into virtual worlds and generative AI, inviting feedback on competition levels. Global regulators are concerned about big tech firms like Microsoft, Amazon.com Inc (NYSE:AMZN), and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) dominating AI innovation through investments.

Portfolio Pulse from Neil Dennis

January 09, 2024 | 5:12 pm

DTIL

TGTX

Precision BioSciences' stock is up following the announcement of a licensing agreement with TG Therapeutics for the development of Azer-Cel, a treatment for autoimmune diseases.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:01 pm