Streetbeat News

Partnerships

AMZN

GOOG

IBM

MSFT

ORCL

Amazon and Google have filed complaints with Britain's Competition and Markets Authority (CMA) against Microsoft, alleging restrictive business practices in the cloud computing market. Amazon criticizes Microsoft's licensing terms, which they claim discourage customers from using other cloud services. Google calls for better interoperability and fair treatment regarding security updates. The CMA's investigation follows concerns about market dominance by Amazon and Microsoft. Microsoft defends its position by highlighting the competitive nature of the market and its recent $3.2 billion investment in the UK's AI infrastructure.

Portfolio Pulse from Anusuya Lahiri

December 06, 2023 | 5:10 pm

AAPL

Apple has released MLX, a machine learning framework, and MLX Data, a deep learning model library, both designed to run efficiently on Apple Silicon. These open-source tools are accessible via GitHub and PyPI and are inspired by frameworks like PyTorch, Jax, and ArrayFire. MLX features shared memory for tasks on supported devices without data movement. MLX Data, highlighted by Apple researcher Awni Hannun, is a flexible package for data loading compatible with MLX and other frameworks. This move signals Apple's increasing involvement in AI, despite its traditionally conservative approach and avoidance of the term 'AI' in keynotes.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:08 pm

KMDA

Kamada Ltd. shares have risen following the announcement of a binding memorandum of understanding with Kedrion to amend and extend their KEDRAB U.S. distribution agreement.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:07 pm

WBD

Warner Bros Discovery Inc (WBD) has entered into an exclusive multiyear pay-one output agreement with A24, following the expiration of A24's deal with Showtime. The agreement will bring both new and existing A24 movies to HBO, Max, and Cinemax, totaling over 100 films. This includes recent and upcoming releases like 'Priscilla', 'Dream Scenario', and 'The Iron Claw', as well as acclaimed films such as 'Everything Everywhere All at Once'. The deal is expected to add significant value to HBO and Max's offerings.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:03 pm

GOOGL

MCD

McDonald's executive discussed the benefits of their partnership with Google, highlighting technology's role in providing visibility across restaurants and potential cost savings. Additionally, McDonald's plans to open approximately 7,000 new restaurants in IDL markets by 2027, with over half of these openings in China, as stated in a conference call.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:55 pm

ARVN

PFE

Arvinas, Inc. (ARVN) stock price increased following the announcement of positive interim data from a Phase 1b trial of Vepdegestrant in combination with Palbociclib, conducted in partnership with Pfizer.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:06 pm

AMZN

MAT

NFLX

Mattel Inc (MAT) has entered into a multi-year licensing partnership with Amazon MGM Studios, part of Amazon.com Inc (AMZN), to create and sell dolls and collector sets inspired by the Netflix Inc (NFLX) series 'Wednesday.' The products, including Monster High dolls and Little People Collector sets, will be released in 2024 and will be available on Amazon and other retailers. 'Wednesday' has been a massive hit on Netflix, becoming the most-watched English-language series on the platform and has been renewed for a second season.

Portfolio Pulse from Chris Katje

December 06, 2023 | 4:00 pm

LCID

SIRI

SiriusXM Canada and Lucid Group, Inc. have partnered to offer SiriusXM's audio streaming entertainment to all new and existing Canadian Lucid owners. This includes a 3-month trial subscription. SiriusXM will be an optional subscription for the Lucid Air lineup, enhancing the luxury driving experience with a wide range of curated music, entertainment, and sports content. The Lucid Air is designed to receive over-the-air software updates, allowing for continuous improvement and new features like SiriusXM.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:53 pm

ARVN

CPB

PHR

PHVS

PLAY

THO

WBUY

THOR Industries reported better-than-expected quarterly earnings of 99 cents per share against estimates of 98 cents, with sales of $2.50 billion versus $2.498 billion expected, sending its shares up 6.5%. Other stocks also moved higher, with significant gains following positive earnings, clinical study results, strategic moves, and financial updates.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 3:48 pm

SCGLY

Société Générale (OTC:SCGLY) is set to launch EUR CoinVertible, a euro-denominated stablecoin, which will be the first offered by a major financial institution and fully backed by euros. Unlike JPMorgan's JPMCoin, which is limited to institutional clients, SocGen's stablecoin will be available for trading on crypto exchanges like Bitstamp and comply with the EU's upcoming MiCA regulations. The stablecoin aims to be used for settling trades in digital bonds and other assets, with the euros held in a trust managed by a third party, mitigating exposure risk to the bank.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 3:25 pm