Streetbeat News

Partnerships

GORO

UBER

Uber Eats has partnered with Gogoro to launch a $30 million Green Delivery Program in Taiwan. The two-year initiative aims to double the percentage of EV deliveries from 20% to 40% by the end of 2025. Delivery partners will benefit from discounts on Gogoro Smartscooters and battery swapping programs, as well as incentives for using these EVs for deliveries.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:46 am

PAAS

Pan American has released a Preliminary Economic Assessment for the La Colorada Skarn Project, projecting an average annual production of 17.2 million ounces of silver, 427 thousand tonnes of zinc, and 218 thousand tonnes of lead over the first 10 years. The project is expected to have a 17-year mine life with significant exploration potential. Financial projections include an after-tax NPV(8%) of $1,087 million, a 14% IRR, and a payback period of 4.3 years, based on long-term price estimates for silver, zinc, and lead. Pan American is exploring partnerships to develop the project, focusing on silver production.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:19 am

GIL

Anson Funds, significant shareholders of Gildan Activewear Inc. (NYSE:GIL), are calling for the immediate reinstatement of Glenn Chamandy as CEO. They express concern over the Board's poor handling of succession planning and a backroom deal made with an individual shareholder for board support. Anson Funds criticizes the Board for not engaging with other investors and for spreading false accusations about Chamandy, particularly regarding M&A. They argue that the current CEO, Vince Tyra, lacks the necessary skills for the company's growth.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 6:08 am

AMZN

TikTok is accused of favoring Amazon accounts by instructing employees not to flag issues with them, aiming to maintain a strong advertising relationship. Internal messages suggest TikTok staff were told to avoid actions that could harm over 60 Amazon-associated accounts. TikTok denies the bias as official policy, claiming the allegations are incorrect or misunderstood. The issue arises as TikTok intensifies its e-commerce efforts, challenging Amazon's dominance, and continues to face potential U.S. bans.

Portfolio Pulse from Ananya Gairola

December 19, 2023 | 4:43 am

AMZN

MARA

NIO

TSLA

US Steel (X) shares surged 26.09% after being acquired by Nippon Steel for $14.1 billion. Marathon Digital (MARA) rose 8.69% amid a recovery in Bitcoin prices. Amazon (AMZN) gained 2.73% on potential sports media deals. NIO (NIO) increased 4.77% after a strategic investment from CYVN Holdings. Tesla (TSLA) slightly declined by 0.56% but is making strategic labor moves at its Nevada Gigafactory.

Portfolio Pulse from Benzinga Neuro

December 19, 2023 | 2:00 am

DIS

TSLA

The rivalry between Tesla Inc's CEO Elon Musk and Walt Disney Co's CEO Bob Iger has escalated, with Tesla owners reporting the Disney+ app icon missing from the in-car entertainment platform. This follows Disney pulling ads from a social media platform owned by Musk after he interacted with an antisemitic post. Musk has publicly criticized Iger and Disney's advertising decisions. The absence of the Disney+ icon, which can still be accessed via URL, may be seen as retaliation by Tesla. The feud could impact subscriber counts for Disney streaming services and advertising revenue for Musk's social media platform.

Portfolio Pulse from Chris Katje

December 19, 2023 | 12:10 am

AVAXUSD

BTCUSD

ETCUSD

Avalanche (AVAX) is experiencing significant growth, with an 85% increase in the last month, outpacing Bitcoin (BTC) and Ethereum (ETC). The network's trading volume has risen by 21%, and a record number of tokens have been burned, valued at $16.7 million. New partnerships, such as with Masa for a ZK-data network, are also contributing to the positive outlook. However, technical indicators suggest a potential short-term price drop for AVAX.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 10:35 pm

SOL-USD

USDC-USD

Circle has launched its euro-backed stablecoin, EURC, on the Solana blockchain, which is known for low-cost and fast transactions. This addition will facilitate global trading, borrowing, lending, and instant foreign exchange trading. Solana has seen a 22.5% gain in the past 30 days, contributing to a 260% surge over the last three months. EURC is also available on Avalanche, Ethereum, and Stellar blockchains. Circle's Mint will help businesses convert EUR to and from EURC smoothly, and EURC is expected to comply with the upcoming MiCA regulation in Europe.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 9:48 pm

LIDR

Continental has informed AEye of its intention to discontinue their joint lidar development program, including the HRL131 Lidar product line, as per an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:17 pm

IONS

Ionis Pharmaceuticals has entered into a licensing agreement with Otsuka Pharmaceutical, granting Otsuka exclusive rights to commercialize donidalorsen in Europe. Ionis will receive $65 million in upfront payments and additional milestone payments based on regulatory and sales targets.

Portfolio Pulse from Bill Haddad

December 18, 2023 | 9:03 pm