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Partnerships

LTBR

Lightbridge Corporation's stock (LTBR) is trading higher following the announcement of a contract with Centrus Energy to conduct a Front-End Engineering Design (FEED) study for a new Lightbridge Pilot Fuel Fabrication Facility.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 8:15 pm

STLA

Stellantis N.V. (NYSE: STLA) has entered into a partnership with Ample to integrate Ample's Modular Battery Swapping technology into Stellantis electric vehicles. The initial program will start in Madrid in 2024 with a fleet of 100 Fiat 500e's, aiming to reduce EV charging time and range anxiety. The technology will be tested within Stellantis' Free2move car sharing service, with plans to expand to other platforms and regions. Stellantis' Dare Forward 2030 strategic plan targets 100% BEV sales in Europe and 50% in the U.S. by 2030. STLA shares saw a slight increase of 0.3% to $22.57.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 7:39 pm

DGX

Universal DX has completed an initial closing of its Series B financing round, raising approximately $70 million. Among the investors is Quest Diagnostics, a company known for providing diagnostic information services. The funds will be used to advance Universal DX's colorectal cancer screening blood test, which will be brought to patients and providers in the United States through a strategic collaboration with Quest Diagnostics.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:57 pm

AMZN

PYPL

PayPal Holdings, Inc (NASDAQ:PYPL) stock is trading lower after Amazon.com Inc (NASDAQ:AMZN) announced it will stop accepting Venmo as a payment option from January 10. Venmo, owned by PayPal, was introduced as a payment method on Amazon's platform in October 2022. The removal of Venmo as a payment option has negatively impacted PayPal's stock, which has already seen a 22% decline year-to-date. Amazon assures customers that other payment methods remain available, though the reason for Venmo's removal was not disclosed.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 6:29 pm

NSC

Norfolk Southern has won a contract to link the Blue Ridge connector Inland Terminal to the GPA's Mason Mega Rail Terminal in Savannah, with the facility opening in 2026. The inland port is expected to handle 200,000 containers annually and will be integrated into Norfolk Southern's extensive intermodal network.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:12 pm

EWW

SPY

U.S. Treasury Secretary Janet Yellen discussed with Mexican financial teams the possibility of more deeply integrating cross-border payment systems between the U.S. and Mexico. This could enhance financial transactions and economic cooperation.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:06 pm

EWW

SPY

The U.S. Treasury and the Mexican Finance Ministry have signed an agreement to emphasize the significance of investment screening for national security. They have agreed to establish a working group to exchange technical information and share best practices regarding investment screening.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:02 pm

AAPL

AMZN

FXY

GLD

GOOG

JPM

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The Bank of Japan's (BOJ) potential shift away from yield control is causing significant movement in the yen and impacting global stock markets, including the U.S. The yen's rise is affecting strategies that involve borrowing in yen to invest in U.S. markets. JPMorgan Chase CEO Jamie Dimon expressed a desire to shut down cryptocurrencies if possible. U.S. jobless claims came in slightly below consensus, which may influence the Fed's rate decisions. European GDP contraction supports the expectation of rate cuts. Positive early money flows are seen in major tech stocks, while mixed flows are observed in SPY and QQQ ETFs. Gold and oil are seeing buying interest due to the yen's move. Bitcoin experiences a pullback after recent retail investor enthusiasm. The Arora Report advises investors to maintain a protection band strategy to balance risk and opportunity.

Portfolio Pulse from The Arora Report

December 07, 2023 | 6:00 pm

GOOG

GOOGL

Alphabet Inc's stock (GOOG, GOOGL) is soaring after the integration of its advanced AI model, Gemini AI, into Google's chatbot Bard. Gemini will also be integrated into other Google products such as Pixel 8 smartphones, generative search, and Chrome. Google Deepmind developed Gemini, which will have three versions: Ultra, Pro, and Nano, enhancing various capabilities. A specialized version of Gemini Pro will improve Bard's functions. ByteDance, TikTok's parent company, is also set to launch a more powerful large language model. GOOG shares rose by 6.16% to $139.53.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 5:58 pm

AMZN

WMT

Amazon.com, Inc (NASDAQ:AMZN) has made significant strides in 2023, including AI-driven logistics, grocery business overhaul, AI chip development, and a rivalry with Walmart Inc (NYSE:WMT). CEO Andy Jassy discussed Amazon's strategy for same-day order fulfillment, which has led to 60% of shipments in top metropolitan areas being delivered the same or next day. This has improved customer conversion rates. Prime Video also secured a multiyear rights agreement with Premier Boxing Champions, starting in March 2024. AMZN stock was up 1.99% to $147.39.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 5:52 pm