Streetbeat News

Partnerships

LQR

LQR House has received a $1 million purchase order for SWOL Tequila from Cannon Estate Winery. Cannon Estate is developing a high-end lounge in the Fraser Valley, where SWOL will be the featured tequila. The winery plans to use its established relationships with distributors and retail outlets to expand SWOL's presence across Canada, despite the challenges posed by the government-regulated alcohol market. This deal is seen as the beginning of a strategic expansion for SWOL Tequila.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:38 pm

AMZN

DIS

NFLX

Netflix, Inc's (NASDAQ:NFLX) India operations saw a 24% revenue increase in FY23, reaching roughly $266.67 million, with net profit jumping 75% to about $4.21 million. Despite reduced subscription rates and increased user engagement, Netflix faces tough competition in India, holding a 4% market share against Disney+Hotstar's 33% and Amazon Prime Video's 12%. Netflix has partnered with Jio Platforms to integrate its service with Jio's prepaid plans, adapting to the Indian market's preference for pay-as-you-go models.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 1:34 pm

BTBT

NVDA

SMCI

Bit Digital has expanded a customer contract for its AI division, now worth over $50M in annual revenue for 2,048 GPUs. To meet this demand, the company ordered 64 servers from Super Micro Computer, Inc., containing Nvidia HGX H100 GPUs, to be delivered by January 2024 and deployed in Iceland. Additionally, Bit Digital has entered a sale-leaseback agreement for 96 AI servers to finance this growth.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

QFTA

AtlasClear, Inc. has extended its business combination agreement with Quantum FinTech Acquisition Corporation (QFTA) and restructured its proposed acquisition of Wilson-Davis & Co., Inc. The combined company, AtlasClear Holdings, Inc., is expected to trade on the NYSE American under the ticker symbol 'ATCH' after the closing of the business combination. AtlasClear also plans to acquire Commercial Bancorp of Wyoming and technology assets from Pacsquare Technologies, LLC, aiming to enhance its FinTech platform.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

HBI

HanesBrands (NYSE:HBI) has extended its exclusive rights partnership with Georgia Tech, maintaining its position as the world's largest supplier of collegiate fan apparel. The multiyear extension grants HanesBrands exclusive rights to Georgia Tech fanwear in the mass retail channel. The partnership is part of a broader relationship with over two dozen elite schools and includes brands like Champion, Alternative Apparel, and ComfortWash.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:31 pm

RSVR

Reservoir Media, Inc. (RSVR) has announced a new publishing deal with In2Musica, which holds the rights to the catalog of Arab music icon Nancy Ajram. The deal, made through Reservoir's joint venture with PopArabia, aims to expand the reach of Ajram's music by leveraging Reservoir's global network. This partnership underscores Reservoir's commitment to diversifying its portfolio and enhancing its presence in the Middle Eastern music market.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:31 pm

ELWS

Earlyworks has signed a Memorandum of Understanding (MoU) with Social Finance Limited to collaborate on blockchain game development. Under the MoU, Earlyworks will provide GLS and technical support, while Social Finance will handle game planning, marketing, sales, and community operations. Revenue sharing will be negotiated for each product.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:26 pm

META

TGL

Treasure Global's platform ZCITY has launched a live commerce solution, using Meta's platform for its upcoming live commerce event. This move signifies Treasure Global's commitment to innovation in the digital marketplace.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:22 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) stock continues its rally, closing at record highs for a second consecutive session and rising 1.13% in premarket trading to $537.38. Analysts maintain a 'buy' rating on the stock, with a consensus price target of $662.39, indicating a potential 25% upside. Factors contributing to Nvidia's performance include its best-in-class products, strong management, and low headline risk. The company's growth is also supported by its AI technology and expected year-over-year revenue growth of 230% for the December quarter. Despite concerns over the U.S.-China chip ban, Nvidia is expanding its data center presence in India and remains a key player in the AI revolution.

Portfolio Pulse from Shanthi Rexaline

January 10, 2024 | 1:19 pm

AMGN

XERS

Xeris Biopharma has signed an exclusive worldwide license agreement with Amgen for the Xeriject formulation of teprotumumab, used for treating Thyroid Eye Disease. Xeris could receive up to $75M in development and regulatory milestones.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:03 pm