Streetbeat News

Partnerships

F

TSLA

A video of a Tesla Cybertruck stuck in snow and being rescued by a Ford F-250 went viral, leading to a response from the U.S. Forest Service. The Forest Service suggested a partnership with Tesla to educate drivers on off-road vehicle use on public land. Despite the incident, Tesla has over one million reservations for the Cybertruck and plans to produce 250,000 units annually by 2025.

Portfolio Pulse from Adam Eckert

December 19, 2023 | 6:30 pm

EIS

SPY

USO

The U.S. State Department has expressed that it would welcome China's constructive involvement in efforts to prevent Houthi attacks on international shipping routes. This statement suggests a potential collaboration or diplomatic engagement between the U.S. and China to ensure the safety of maritime trade lanes that are critical for global commerce and energy supplies.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:09 pm

ATVI

DIS

MSFT

SONY

A data breach at Sony's Insomniac Games, orchestrated by the Rhysida ransomware group, leaked over 1TB of data including a deal with Marvel for exclusive X-Men game rights until 2035. The breach revealed Sony's concerns over Microsoft's acquisition of Activision Blizzard and its impact on the gaming industry, including the 'Call of Duty' franchise's future on PlayStation. Sony criticized the free game model as unsustainable and expressed the need to update its gaming strategy.

Portfolio Pulse from Franca Quarneti

December 19, 2023 | 6:08 pm

IFF

International Flavors & Fragrances, Inc. (IFF) has partnered with Kemira Oyj to commercialize a portfolio of renewable polymers. These polymers are derived from IFF's DEB technology platform and plant sugars, and will be available at an industrial scale for various markets. A new biomanufacturing facility, operational by mid-2024, will be integrated into Chemigate Ltd's biorefinery. This partnership aims to meet the demand for sustainable alternatives in the pulp, paper, and packaging industries, promoting a circular bioeconomy. IFF's stock saw a slight increase of 0.38% to $79.36.

Portfolio Pulse from Shivani Kumaresan

December 19, 2023 | 5:47 pm

LYB

TTE

TotalEnergies SE (TTE) has signed a second contract with LyondellBasell Industries NV (LYB) to supply 275 MWac of green electricity from its solar farms in Texas. The 15-year CPPA will enable LYB to offtake 125 MWac from TTE's Brazoria Solar farm, with operations starting by the end of 2025. Additionally, a 12-year CPPA signed in 2022 involves LYB offtaking 150 MWac from TTE's Cottonwood Bayou Solar plant. TTE also announced the end of routine flaring in Nigeria and a methane detection initiative with Nigerian National Petroleum Company Limited. TTE's shares saw a slight increase of 0.30% to $67.94.

Portfolio Pulse from Lekha Gupta

December 19, 2023 | 5:31 pm

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