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Partnerships

SBGI

Sinclair Broadcast Group's stock (SBGI) is trading higher after reports emerged that Amazon is discussing an investment in Diamond Sports, a sports broadcasting company owned by Sinclair.

Portfolio Pulse from Bill Haddad

December 18, 2023 | 8:37 pm

HUT

Hut 8 Mining Corp. (HUT) stock is trading higher following the announcement that it has been chosen by Celsius debtors to develop a site in Cedarvale, Texas.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 7:34 pm

BLK

GBTC

Galaxy Digital, led by Mike Novogratz, is looking to acquire more assets from bankrupt crypto companies following a successful deal with FTX. The company managed FTX's Bitcoin and Ether holdings, as well as investments in Grayscale's Bitcoin Trust, boosting its assets under management from $1.7 billion to $5.3 billion. Galaxy is offloading FTX's tokens under a US court mandate and is interested in FTX's venture capital portfolio. Galaxy is also planning to shift its stock listing to Nasdaq and is working on launching a euro-denominated stablecoin and a spot bitcoin ETF in collaboration with Invesco and Cboe Global Markets.

Portfolio Pulse from Murtuza Merchant

December 18, 2023 | 7:25 pm

AMZN

Amazon is reportedly in discussions to invest in Diamond Sports Group, the largest regional-sports programmer in the U.S. This investment would further Amazon's foray into sports content, positioning it against competitors such as Disney and Netflix. Diamond Sports, which broadcasts over 40 major sports teams and filed for bankruptcy earlier this year, is considering a strategic investment and a streaming partnership with Amazon.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 6:45 pm

TPG

TPG has acquired a 75% interest in Oxford Properties Group's industrial portfolio in the Greater Toronto Area for C$1 billion, valuing the portfolio at C$1.3 billion. This marks the first joint venture between TPG and Oxford and is one of the largest private industrial real estate transactions in Canada. The portfolio includes Brampton Business Park and Vaughan Business Park, totaling 5.1 million square feet. Oxford retains a 25% interest and will continue to manage the properties. The fully leased portfolio has high-quality tenants and benefits from longer-term leases. TPG has a history of investing in industrial real estate, and Oxford has a significant global industrial portfolio.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 6:27 pm

AMZN

Games Workshop has entered into a partnership with Amazon (NASDAQ:AMZN) to create films and TV series based on its Warhammer 40,000 universe. The deal, which also includes potential rights for the Warhammer Fantasy universe, is seen as a 'game changer' by analysts from Peel Hunt. Despite the deal's significance, Games Workshop's full-year forecasts are unchanged, suggesting a modest upfront payment from Amazon. The collaboration aims to expand the Warhammer audience and will involve setting creative guidelines over the next 12 months. Amazon's investment in media production is increasing, with plans to spend over $1 billion annually on movies for theatrical release following the MGM acquisition.

Portfolio Pulse from Anusuya Lahiri

December 18, 2023 | 6:26 pm

BNTX

BioNTech SE (NASDAQ:BNTX) has inaugurated its mRNA vaccine manufacturing site in Kigali, Rwanda, marking a significant step in establishing a resilient vaccine ecosystem in Africa. The site features BioNTainers, high-tech modular units for mRNA vaccine production. BioNTech plans to start local training in 2024 and initiate test mRNA production in 2025. The facility aims to support clinical development and commercial-scale production of vaccines for diseases like tuberculosis, malaria, HIV, and mpox. The Kigali site is fully funded by BioNTech with a $150 million investment and will employ around 100 people. The company is also exploring additional manufacturing sites in Africa and partnerships for infectious disease research.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 6:17 pm

HTZ

LYFT

TSLA

UBER

President Biden's administration announced new commitments to boost the electric vehicle sector, including guidelines for federal employees to prioritize electric vehicles for official travel. Hertz Global Holdings Inc (HTZ) plans to increase electric vehicle rentals, Lyft Inc (LYFT) offers a 'Green Mode' for eco-friendly rides, and Uber Technologies (UBER) expands its 'Green Curb at Airports' program. Tesla Inc (TSLA) could benefit from the push for electric vehicles and is working to improve charging infrastructure.

Portfolio Pulse from Chris Katje

December 18, 2023 | 5:44 pm

SNES

SenesTech shares have risen following the announcement of a Distribution Agreement with Fruit Tree Limited, which includes an initial order for Evolve Soft Bait in Hong Kong and Macau.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:32 pm

COIN

USDCUSD

XRPUSD

The Fairshake Super PAC, representing the U.S. crypto community, has raised over $78 million to support pro-crypto candidates in the 2024 elections. Contributions came from 20 companies and industry figures, including Andreessen Horowitz, Ark, Coinbase Global Inc. CEO Brian Armstrong, and Blockchain Capital. The PAC aims to gain 1 million supporters to advocate for fair crypto policies, with over 215,000 already onboard. The initiative reflects the interests of 52 million Americans who own digital assets and are dissatisfied with the current financial system.

Portfolio Pulse from Murtuza Merchant

December 18, 2023 | 5:09 pm