Streetbeat News

Partnerships

DIS

Trian Fund Management, owning $3 billion of Disney stock, intends to nominate Nelson Peltz and James A. Rasulo to Disney's Board at the 2024 Annual Meeting. Trian criticizes Disney's performance, noting lower EPS than a decade ago and underperformance compared to peers and the market. They attribute this to a Board too connected to the CEO and disconnected from shareholder interests. Peltz and Rasulo are presented as experienced candidates capable of addressing Disney's governance and operational challenges.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:31 pm

ALEC

ALGN

JBL

MRNA

PACB

RIVN

Jabil Inc. reported Q1 earnings with revenue of $8.39 billion, surpassing estimates, and an adjusted EPS of $2.60, causing its shares to rise by 5%. Other stocks also saw gains, including Redfin, Sunnova Energy, Wayfair, Sunrun, Moderna, Pacific Biosciences, Alector, Opendoor Technologies, Enphase Energy, Align Technology, Gold Fields, Alcoa, First Solar, Lucid Group, Citizens Financial Group, Rivian Automotive, Pool Corporation, RH, Regions Financial Corporation, and The Carlyle Group. Moderna's stock climbed after announcing positive study data with Merck, while Pacific Biosciences was initiated with an Overweight rating by Stephens & Co. Alector received an upgrade from Stifel, and Align Technology got an updated license from Health Canada. Alcoa was approved for continued mining, and Rivian signed a deal with AT&T.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 3:15 pm

BLK

DTRUY

NEE

UBER

Uber Freight and Greenlane have announced a strategic collaboration to accelerate the development and installation of electric truck charging stations, supported by a $650 million joint venture between Daimler Truck North America, NextEra Energy Resources, LLC, and BlackRock. This initiative aims to boost the adoption of Heavy Duty Battery Electric Vehicles (HD BEVs) by leveraging Uber Freight's logistics network and Greenlane's charging infrastructure expertise. The collaboration will focus on identifying key corridors for early HD BEV deployment and integrating charging solutions into Uber Freight's platform. Greenlane plans to build its first charging corridors in Southern California, Texas Triangle, and the northeastern United States.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:10 pm

INTC

Intel has launched its next-generation AI products, including the Intel Core Ultra mobile processor family and the 5th Gen Intel Xeon processors, expanding its AI portfolio. The Core Ultra is built on Intel 4 process technology and features a neural processing unit (NPU) for AI acceleration. The 5th Gen Xeon processors offer AI acceleration in every core, improving performance and efficiency. Intel CEO Pat Gelsinger highlighted the company's AI footprint and its commitment to delivering five new process technology nodes in four years. Intel Core Ultra-based AI PCs are now available, and the 5th Gen Xeon will be deployed in various sectors, including cloud and edge computing. Intel also previewed the Gaudi3 AI accelerator, set to arrive next year.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:03 pm

INTC

LNVGY

Lenovo has announced an expansion of its hybrid cloud platform for AI with new ThinkAgile hyperconverged solutions and ThinkSystem servers, powered by Intel's 5th Gen Xeon Scalable processors. These solutions aim to improve AI performance, cloud agility, and energy efficiency. Lenovo's TruScale for Hybrid Cloud offers as-a-service solutions for flexible AI performance, and the company has also introduced Professional Services for AI to guide organizations through IT deployments. The new offerings are designed to support AI, virtualization, and multi-cloud workloads and include partnerships with Microsoft, Nutanix, and VMware.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:02 pm

PYPL

SAP

SAP SE has expanded its integration with PayPal by creating a digital payments plug-in for the PayPal Braintree platform, utilizing the SAP Business Technology Platform.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:59 pm

RIVN

Rivian Automotive Inc (RIVN) shares rose after announcing a deal with AT&T Inc (T) for AT&T to purchase Rivian EVs for its fleet. The pilot program aims to reduce transport emissions, with AT&T adding Rivian Commercial Vans and R1 vehicles to its fleet in early 2024. The deal supports AT&T's goal of carbon neutrality by 2035 and includes optimizing routes and fleet size reduction. Rivian's VP of strategy and fleet, Dagan Mishoulam, highlighted the importance of reducing emissions from commercial vans. Additionally, AT&T will be the exclusive provider of connectivity for Rivian vehicles in the U.S. and Canada, enabling over-the-air software updates and feature improvements.

Portfolio Pulse from Adam Eckert

December 14, 2023 | 2:55 pm

RIVN

Rivian's stock price has increased following the announcement of a pilot program agreement with AT&T for the purchase of Rivian electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:42 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) stock is trading higher, continuing a recent uptrend with a 4% gain over the last week and a 178% increase year-to-date. The rise follows a dip in early December when investors took profits after the stock reached 52-week highs. The company has announced a strategic collaboration with PlasCred Circular Innovations to integrate AI into environmental efforts and a renewed partnership with UniCredit to deploy Palantir Foundry for digital transformation. The broader market's positive movement after the Federal Reserve's decision to keep rates unchanged may also be contributing to Palantir's stock performance.

Portfolio Pulse from Adam Eckert

December 14, 2023 | 2:23 pm

CRM

VRNS

Varonis Systems has launched its Data Security Platform on Salesforce AppExchange, expanding its reach within the Salesforce ecosystem. This move allows Salesforce customers to benefit from Varonis' capabilities in monitoring, protecting, and analyzing their sensitive data across the Salesforce platform.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 2:21 pm