Streetbeat News

Partnerships

UBER

Uber for Business has integrated with Brex and Ramp to automate receipt matching for Uber rides and meals, streamlining expense management for companies. This integration simplifies the reimbursement process, enforces policy compliance, and provides real-time visibility into corporate spend. Over 200,000 companies using Uber for Business will benefit from time savings, improved compliance, effective cost controls, and seamless reconciliation. The integration is easy to set up for overlapping customers and supports both employees and finance teams.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:16 pm

DNA

Ginkgo Bioworks' stock is up following three positive announcements: a Ginkgo-led team received funding from the U.S. Department of Energy (DOE) for algal crop protection solutions, Greenlab formed a new partnership with Ginkgo for PFAS-related work, and Ginkgo's subsidiary FGen AG secured funding through the European Innovation Council's (EIC) Pathfinder Challenge program.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:10 pm

LIDR

AEye Inc. (LIDR) stock is trading lower following Continental's decision to end their joint lidar development program, including the HRL131 lidar product line.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 5:06 pm

NIO

Nio Inc - ADR (NYSE:NIO) shares rose by 5.9% to $8.84 on Tuesday, potentially due to overall market strength and positive momentum from the announcement of a $2.2 billion strategic equity investment from Abu Dhabi-based investment group CYVN. This investment will give CYVN approximately 20.1% ownership in NIO and includes director nominations and strategic collaborations. The funds are expected to support NIO's technology, brand, and international expansion, with both parties optimistic about long-term growth.

Portfolio Pulse from Henry Khederian

December 19, 2023 | 4:50 pm

CVNA

Carvana Co. (NYSE:CVNA) stock is experiencing a significant increase, trading higher with over 50% gains in the past five days. The stock reached a new 52-week high of $61.61 on Tuesday, with trading volume surpassing the 100-day average. Recent company milestones include partnerships with sports clubs and expansion of services in Ohio. Carvana's stock is also trading above its 50-day moving average, and a high percentage of its shares are being sold short.

Portfolio Pulse from Erica Kollmann

December 19, 2023 | 4:40 pm

BNB

TUSD

Binance Launchpad has introduced NFPrompt (NFP), an AI-driven User Generated Content platform for Web3 creators, as its 41st project. Users can stake BNB, FDUSD, and TUSD to farm NFP tokens from Dec. 20 to Dec. 26, 2023. Binance will list NFP on Dec. 27, 2023, with multiple trading pairs. The Launchpool's Fair Mode is designed to reduce inflation pressure by limiting allocations. The total NFP supply is 1 billion, with 11% allocated for Launchpool rewards and an initial circulating supply of 25%.

Portfolio Pulse from Murtuza Merchant

December 19, 2023 | 4:35 pm

ARKF

ARKK

ARKW

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) announced a one-year contract extension with the U.S. Army, with a total value of $115.04 million. Ark Invest purchased 1,578,738 Palantir shares across three ETFs: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF), valued at $27.04 million. Palantir's stock is trading near its 52-week high with a slight increase of 0.70% at $17.97.

Portfolio Pulse from Erica Kollmann

December 19, 2023 | 4:23 pm

AAPL

AMC

CMCSA

DIS

MAT

MSFT

TSLA

WBD

Wikipedia's top 25 most viewed pages in 2023 included various topics, with ChatGPT leading the list. Microsoft's investment in OpenAI and integration of ChatGPT into its platforms contributed to the interest. Cricket and soccer were popular sports topics, while movies like 'Barbie' and 'Oppenheimer' were among the top pages. Apple benefited from Messi's move to MLS, Mattel and Warner Bros. Discovery saw success with 'Barbie', and Comcast's 'Oppenheimer' was a top film. Disney had two films in the top pages but no billion-dollar hits. Taylor Swift's popularity boosted AMC's performance, and Elon Musk remained a highly searched personality.

Portfolio Pulse from Chris Katje

December 19, 2023 | 4:18 pm

HUT

Hut 8 Mining Corp. (NASDAQ:HUT) shares have surged over 55% in the past five days, with continued gains on Tuesday. The increase follows the announcement of an agreement to build and install mining operations in Cedarvale, TX, as part of the Celsius Network bankruptcy proceedings. The new site will support approximately 66,000 miners with over 215 MW of energy. Hut 8's president highlighted the company's managed services business and its efficiency in setting up and optimizing mining operations as key to securing the project. The stock is experiencing heavy trading volume, surpassing its 100-day average, and is trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

December 19, 2023 | 4:17 pm

NVO

Novo Nordisk A/S (NYSE:NVO) has collaborated with IndiaMART to remove unauthorized listings of its weight-loss drug Wegovy in India. IndiaMART took action after discussions with Novo Nordisk, who is the sole patent holder of semaglutide, the active ingredient in Wegovy and diabetes medication Ozempic. The company's legal team in India is working to establish a framework to notify and remove counterfeit listings to curb illegal sales. Despite the challenges in tracing illegal sellers, Novo Nordisk regularly monitors and engages with platforms to prevent unauthorized sales. IndiaMART has been listed on a U.S. government agency's 'Notorious Markets' list for 2022, indicating ongoing issues with counterfeit goods. NVO shares saw a 1.46% increase to $100.43.

Portfolio Pulse from Vandana Singh

December 19, 2023 | 3:53 pm