Streetbeat News

Partnerships

LEU

LTBR

Lightbridge Corporation has signed a contract with Centrus Energy Corp to conduct a Front-End Engineering Design (FEED) study for a pilot fuel fabrication facility in Piketon, Ohio. This step is crucial for Lightbridge's development of its innovative nuclear fuel technology.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:32 am

RTX

Pratt & Whitney Canada, a division of Raytheon Technologies (RTX), and Dassault Aviation have announced the entry into service of the PW812D-powered Falcon 6X business jet. This marks a significant milestone for both companies in the aviation industry.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:15 am

STGW

Stagwell has announced the establishment of a global hub in London and the appointment of James Townsend as the inaugural CEO of the EMEA region. This strategic move aims to strengthen Stagwell's presence in Europe, the Middle East, and Africa, and to enhance its global reach.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 11:13 am

AAPL

Apple Inc. has announced a collaboration with TDK Corporation for the production of lithium-ion battery cells in India, which will be used to power locally assembled iPhones. The production is expected to start within 12-18 months. TDK, after acquiring Amperex Technology Ltd, is setting up a facility in Haryana, India, which will create direct employment for 8,000-10,000 people and indirectly support over 25,000 jobs. This move is part of Apple's strategy to reduce reliance on China and increase the domestic value addition of iPhones assembled in India, which currently stands at 12-15%. TDK controls over 60% of the global Li-ion cell market, and this partnership is a significant step in diversifying Apple's supply chain.

Portfolio Pulse from Shomik Sen Bhattacharjee

December 07, 2023 | 9:59 am

AMD

AVGO

CHWY

MLGO

TSLA

On Wednesday, U.S. stocks saw a decline, with the Dow Jones, NASDAQ, and S&P 500 all falling. MicroAlgo Inc. experienced a significant surge of 295.87% after announcing a collaboration to support semiconductor industry growth. AMD's stock slightly declined despite introducing a new AI chip. Chewy's shares rose after an earnings report showing mixed results but market share gains. Broadcom's stock decreased slightly ahead of an expected strong earnings report. Tesla saw a marginal increase in stock price despite a drop in U.K. vehicle registrations.

Portfolio Pulse from Benzinga Neuro

December 07, 2023 | 4:51 am

AMZN

GOOG

META

MSFT

Google has launched 'Gemini', an AI software designed to compete with OpenAI's GPT-4. Gemini boasts superior math, coding, and reasoning capabilities and can process video, image, or voice inputs. This move is part of a tech industry arms race involving companies like Microsoft, Facebook, and smaller firms like OpenAI. Google's Bard will integrate Gemini, enhancing its features. Microsoft's Bing, OpenAI's GPT4, Google's Bard, Meta's Llama 2, OpenAI's GPT Store, and Amazon's Q are all part of the competitive landscape in AI development.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:57 pm

AMD

META

MSFT

NVDA

ORCL

AMD's new AI chip, the Instinct MI300X, is being adopted by Meta, Microsoft, and OpenAI, challenging Nvidia's market dominance. The chip, with 192GB of HBM3 memory, is set to release next year and is expected to be a cost-effective alternative to Nvidia's GPUs. Meta will use it for AI tasks, and Microsoft will offer it through Azure. Oracle's cloud will also integrate these GPUs. Despite the positive news, AMD's stock fell 1.3%, while Nvidia's dropped 2.3% amidst a broader tech sector decline.

Portfolio Pulse from Piero Cingari

December 06, 2023 | 10:10 pm

DNA

Synplogen and Ginkgo Bioworks have announced a collaboration to expedite DNA manufacturing and gene therapy services in Japan. Synplogen will facilitate the introduction of Ginkgo's services to the Japanese biotech and pharmaceutical sectors.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:08 pm

HPCO

Hempacco's stock is trading higher following the announcement of an exclusive Master Distribution Agreement with CBDAY Global, which will sell Hempacco's hemp and CBD products exclusively in India and Thailand.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:08 pm

DOV

Dover Fueling Solutions (DFS), a part of Dover (NYSE:DOV), has successfully installed the LIQAL Boil-off Gas Treatment Unit (BTU) system at LC3 Trasporti's refueling station in Italy. This system allows the station to offer both LNG and 100% Bio-LNG, improving refueling efficiency and reducing environmental impact. The LIQAL BTU system ensures stable tank pressure and prevents methane emissions, supporting LC3's decarbonization efforts in heavy transport.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:40 pm