Streetbeat News

Partnerships

COIN

JPM

Bitwise predicts significant milestones for the cryptocurrency industry in 2024, including Bitcoin reaching new highs, the launch of a spot Bitcoin ETF, and the halving of Bitcoin supply. Stablecoins may overtake Visa in transaction volume, Coinbase's revenue is expected to double, and JPMorgan may launch a tokenized fund. Ethereum's revenue could triple, and AI assistants might start using crypto for payments. Decentralized prediction markets and Ethereum's network upgrade could drive further growth. Taylor Swift may enter the NFT space, and more financial advisors could allocate crypto in client accounts.

Portfolio Pulse from Murtuza Merchant

December 13, 2023 | 8:30 pm

RAMP

TripleLift and LiveRamp (NYSE:RAMP) have expanded their partnership to integrate TripleLift Audiences with RampID, enhancing first-party audience solutions. This collaboration allows marketers to create lookalike audiences across the open web without relying on traditional identifiers like cookies. The solution aims to improve targeting accuracy and scalability, especially as the industry faces the deprecation of third-party cookies. The partnership has already shown improved CPCs and CPMs in tests, and TripleLift Audiences now offers over 1,300 segments for customization.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 7:48 pm

CCCC

DESP

RSLS

STTK

TTWO

Despegar.com, Corp. (DESP) shares rose by 16.4% after raising its FY23 revenue guidance. Other stocks moved in Wednesday's mid-day session with significant gainers including Shattuck Labs (STTK), ReShape Lifesciences (RSLS), and C4 Therapeutics (CCCC), among others. Losers included Hywin Holdings (HYW), Boqii Holding (BQ), and Processa Pharmaceuticals (PCSA). Notable mentions include ABM Industries (ABM) with positive results and guidance, and Take-Two Interactive Software (TTWO) being added to the Nasdaq-100 Index.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 6:40 pm

AAPL

AMZN

FWONA

FWONK

NFLX

Netflix Inc (NASDAQ:NFLX) is expanding into live sports, leveraging the success of its sports docuseries. The company announced 'The Netflix Slam,' a tennis match between Rafael Nadal and Carlos Alcaraz, to be streamed live on March 3, 2024. Netflix's sports docuseries have been successful, with 'Drive to Survive' contributing to the growth of Formula 1 in the U.S. Netflix's engagement report shows significant viewership hours for its sports series. The company is exploring live content, following in the footsteps of Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL), but focusing on smaller sports rights and live specials rather than costly major sports rights.

Portfolio Pulse from Chris Katje

December 13, 2023 | 6:24 pm

BNTX

PFE

BioNTech SE (BNTX) shares dropped 5.6% after Pfizer Inc. (PFE) provided FY24 guidance that was below consensus estimates. BioNTech's revenue is closely tied to its collaboration with Pfizer on the COVID-19 vaccine, and investors are concerned about the potential impact on BioNTech's financial performance due to Pfizer's lower-than-expected revenue projections.

Portfolio Pulse from Henry Khederian

December 13, 2023 | 5:46 pm

RBLX

Roblox Corp (NYSE:RBLX) stock rose after Wells Fargo analyst Ken Gawrelski initiated coverage with an Overweight rating and a price target of $49, citing advertising upside and a strong free cash flow projection. The company's engagement with pop culture, demonstrated by Nicki Minaj's collaboration, and its Investor Day highlights, including advertising strategies and bookings growth, support the positive outlook. RBLX shares were up 1.71% at $42.76.

Portfolio Pulse from Anusuya Lahiri

December 13, 2023 | 5:23 pm

GOOG

GOOGL

META

QCOM

Alphabet Inc's Google, Meta Platforms Inc, Qualcomm Inc, and other tech companies have formed the Coalition for Open Digital Ecosystems (CODE) in response to EU technology regulations. CODE aims to promote open digital platforms and systems to encourage growth and innovation in Europe. The coalition will focus on digital openness and influence the implementation of the Digital Markets Act (DMA) and future EU regulatory frameworks. CODE's membership includes a variety of technology firms from different regions and sectors.

Portfolio Pulse from Anusuya Lahiri

December 13, 2023 | 5:16 pm

ACN

Accenture (NYSE:ACN) and Google Cloud have announced the launch of a joint generative AI Center of Excellence (CoE) to help businesses harness the power of generative AI. The CoE will provide industry expertise, technical knowledge, and resources to build and scale applications using Google Cloud's generative AI portfolio. The initiative includes deployment of Gemini, Google's latest AI model, and aims to improve operations, create new business lines, and enhance customer experiences. The CoE will offer specialized services, access to large language models, rapid prototyping services, and AI-optimized infrastructure to accelerate the adoption and deployment of generative AI applications.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 4:28 pm

BRPHF

USDTUSD

Deutsche Bank's DWS Group, Flow Traders Ltd., and Galaxy Digital Holdings plan to launch a euro-backed stablecoin, AllUnity, pending regulatory approval from BaFin. The stablecoin aims for mainstream adoption of tokenized assets and is expected to launch in Q1 2024. The partnership combines expertise from traditional and crypto markets, and the stablecoin will be fully collateralized to maintain its value. The move aligns with the EU's improved regulatory clarity in the digital assets space.

Portfolio Pulse from Khyathi Dalal

December 13, 2023 | 4:26 pm

LFMD

MED

Medifast Inc (NYSE:MED) has formed a strategic alliance with LifeMD Inc (NASDAQ:LFMD), investing $20 million into LifeMD, including a $10 million purchase of LifeMD's shares. Medifast has discontinued its quarterly cash dividends to provide flexibility for evolving its business model. The collaboration will integrate LifeMD's virtual care technology with Medifast's OPTAVIA program, aiming to offer a clinically supported weight management program. This partnership follows a successful pilot program and positions LifeMD in a growing market. However, following the announcement, LFMD shares dropped by 6.30%, and MED stock fell by 11.7%.

Portfolio Pulse from Vandana Singh

December 13, 2023 | 4:11 pm