Streetbeat News

Partnerships

BAM

BLK

TPG

The UAE is set to launch a $30bn climate investment fund in collaboration with BlackRock, TPG, and Brookfield during COP28. Lunate Capital, a new Abu Dhabi-based asset manager, will oversee the fund, with $5bn dedicated to investments in the Global South. The initiative is part of the UAE's efforts to position itself as a leader in climate finance and to address scrutiny over its role as a major oil and gas producer hosting the climate summit. The fund aligns with global financial needs for transitioning to green energy and adapting to climate change, as outlined by the UN and the International Energy Agency.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:52 pm

AAPL

AMKR

Amkor Technology Inc (NASDAQ:AMKR) announced plans to build an advanced facility for packaging and testing chips, primarily for Apple Inc (NASDAQ:AAPL). The $2 billion investment aims to strengthen the US semiconductor supply chain, with Apple being the first major customer. Amkor's new facility will be located in Arizona, close to TSMC's fab, and the company has applied for CHIPS funding. Following the announcement, AMKR shares rose by 2.89%.

Portfolio Pulse from Adam Eckert

November 30, 2023 | 2:41 pm

ASPS

Altisource Portfolio Solutions (ASPS) has expanded its collaboration with the National Community Stabilization Trust (NCST) to increase access to affordable housing through its Hubzu online auction platform. This partnership aims to provide local nonprofits and other eligible organizations with the opportunity to purchase foreclosed and bank-owned properties before they are made available to the general public.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:18 pm

INTA

Intapp (NASDAQ:INTA), a provider of cloud software for professional and financial services, announced that IBB Law LLP has chosen Intapp Documents to upgrade their document management system. This move will allow IBB Law to manage documents in the cloud, improve collaboration, and integrate with Microsoft apps and security policies. Intapp's alignment with Microsoft's strategy was a key factor in IBB Law's decision. Transform Data will assist in deploying Intapp Documents to enhance knowledge management and data flow within IBB Law.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:12 pm

BXRX

BioCryst Pharmaceuticals has revised its agreement with Torii Pharmaceutical regarding ORLADEYO in Japan. BioCryst Japan K.K. will now handle all commercial promotion, while Torii focuses on hereditary angioedema disease awareness activities, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:11 pm

TGL

Treasure Global Inc (NASDAQ:TGL) announced the launch of ZCITY's Premium Store, designed to enhance user experience and drive revenue growth. The store features diverse packages from top brands and advanced technological features like AI-driven discounts. TGL's ZCITY also won the silver trophy for Best eCommerce Solution at the Asia eCommerce Awards 2023. The company is planning global expansion and anticipates increased user engagement and market share. Early feedback from users has been positive, and the company expects the new store to attract new users and increase transactions and gross profit.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:11 pm

PRTH

Priority Technology Holdings, Inc. (NASDAQ:PRTH) has announced a strategic partnership with Datacap Systems, a leading integrated payments middleware provider. The partnership will integrate Datacap's universal payments platform with Priority's MX Merchant Suite, enhancing payment processing, reporting, inventory management, and reconciliation for merchants and small businesses. The collaboration aims to provide robust payment technology, scalability, and reduced manual processes, strengthening Priority's competitive advantage in the marketplace.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:11 pm

AAPL

AMKR

Amkor Technology, Inc. (NASDAQ:AMKR) plans to build a $2 billion advanced packaging and test facility in Peoria, Arizona, creating approximately 2,000 jobs. The facility, which will be the largest outsourced advanced packaging facility in the US, is supported by the CHIPS and Science Act and has Apple (NASDAQ:AAPL) as its first and largest customer. The project is part of efforts to strengthen the US semiconductor supply chain and reduce dependence on foreign manufacturing.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:10 pm

BRK.A

KO

Legendary investor Charlie Munger, who passed away on Nov. 28 at the age of 99, once shared a piece of advice that significantly influenced an investor and was also adopted by Warren Buffett. During a dinner with podcaster David Senra, Munger emphasized the importance of aiming for greatness in life and business. Munger's approach included understanding human nature, expecting and preventing problems, and seeking out great businesses and people. His philosophy shaped Berkshire Hathaway's investment strategies, including the decision to invest in Coca-Cola, and contributed to the company's success.

Portfolio Pulse from Chris Katje

November 30, 2023 | 2:10 pm

MTTR

VCSA

Matterport, Inc. (MTTR) and Vacasa, Inc. (VCSA) have entered into a multi-year partnership where Vacasa will utilize Matterport's Digital Twin Platform and Capture Services for its vacation rental properties. This collaboration aims to enhance Vacasa's home onboarding and guest service experiences by providing immersive virtual tours and high-resolution photos through a single capture appointment. Matterport's solutions will help Vacasa maintain brand consistency and improve efficiency by automating manual data-capture processes.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:06 pm