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Partnerships

COIN

SQ

Block Inc (NYSE:SQ), founded by Jack Dorsey, has launched Bitkey, a self-custody Bitcoin wallet available in over 95 countries. Bitkey, which can be used as a mobile app or hardware storage, features a two-of-three multi-signature wallet and secure hardware device with recovery tools. Block's Q3 2023 revenue was $5.62 billion, with Cash App contributing $1.16 billion. The company's Bitcoin investments yielded a $44 million profit. Coinbase Global Inc (NASDAQ:COIN) and Cash App are the first global partners for Bitkey.

Portfolio Pulse from Khyathi Dalal

December 07, 2023 | 9:23 pm

RKLB

Rocket Lab has signed a launch services agreement with the Korea Advanced Institute of Science and Technology (KAIST) to launch an Earth observation satellite on a rideshare mission scheduled for the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 9:21 pm

GDHG

Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG) saw its shares plummet by nearly 90% after announcing its intention to enter into an operating lease framework agreement with a leading Chinese amusement group. The agreement aims to leverage the partner's strong presence in China's amusement park industry to enhance Golden Heaven's market position and strategic expansion. Despite the potential benefits outlined by CEO Jin Qiong, the market reacted negatively, with the stock experiencing a significant sell-off on high volume, leading to trading halts.

Portfolio Pulse from Ryan Gustafson

December 07, 2023 | 9:09 pm

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