Streetbeat News

Partnerships

HBI

HanesBrands has entered into a cooperation agreement with Barington Capital and has appointed three new independent directors to its Board: Colin Browne, Natasha Chand, and John Mehas, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:16 pm

MYGN

Myriad Genetics has partnered with Personalis to market their combined solutions to pharmaceutical customers. The collaboration aims to enhance Myriad's hereditary cancer tests with Personalis' advanced sequencing capabilities, potentially improving patient outcomes and accelerating drug development processes.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:08 pm

HSBC

Ripple's Head of Payments, Brendan Berry, discussed the growing use of XRP for international payments and the company's recent developments at the Future Of Digital Assets event. HSBC Holdings plc partnered with Metaco, a Ripple Labs-owned firm, to offer digital asset custody services. Ripple is also part of the BIS's Payments Interoperability and Extension task force. Berry highlighted new Ripple capabilities for cross-border payments that don't require crypto expertise and emphasized blockchain's potential to solve payment problems. Despite a challenging year, including an SEC lawsuit, Ripple is looking towards a 'second wave' of crypto focused on utility.

Portfolio Pulse from Anthony Noto

November 16, 2023 | 8:06 pm

OTLY

Oatly Group AB (OTLY) stock surged 23.7% to $0.66 after announcing that its Original and Chocolate Oatmilks are now available at over 250 Insomnia Cookies locations nationwide. This partnership is expected to expand Oatly's presence in the U.S. foodservice industry. Oatly's 11oz drinks can be purchased in-store or through online ordering platforms.

Portfolio Pulse from Henry Khederian

November 16, 2023 | 6:57 pm

BNBUSD

Gulf Energy Development Public Company Ltd. has announced its joint venture with Binance, Gulf Binance Company Ltd., has received approval from Thailand's SEC to start its digital asset business. Gulf Binance will launch a digital asset platform offering exchange and broker services for cryptocurrencies and digital tokens, with operations expected to begin by invitation only and open to the public in early 2024. This move is seen as a significant development in Thailand's blockchain and digital asset landscape, combining local expertise with Binance's global experience.

Portfolio Pulse from Murtuza Merchant

November 16, 2023 | 6:45 pm

NVEI

NYAX

Nuvei Corporation (NVEI) and Nayax (NYAX) have partnered to enhance unattended payment terminals for electric vehicle (EV) charging stations, specifically for Circle K and Couche-Tard locations across North America.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:31 pm

AMZN

HYMTF

Amazon plans to enter the online vehicle sales market in the U.S. by partnering with Hyundai to start selling cars online in 2024. This move could potentially disrupt the traditional car sales model and positions Amazon as a significant player in the automotive retail space.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:07 pm

AMZN

HYMTF

Hyundai and Amazon have announced a partnership that includes the launch of online vehicle sales on Amazon.com, starting with Hyundai in 2024. This initiative aims to make it easier for customers to purchase vehicles and pick them up from local dealers. Additionally, Hyundai has selected Amazon Web Services (AWS) as its preferred cloud provider to assist in the digital transformation of its operations, production, and customer services. The collaboration will also integrate Alexa Built-in into Hyundai's next-generation vehicles, enhancing the in-car experience.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:06 pm

AMZN

MSFT

Amazon is expanding its 'Buy with Prime' program and lobbying against Microsoft's Azure cloud service to prevent customer lock-in. Amazon's Project Kuiper has successfully tested two satellites, aiming for a global broadband service to compete with SpaceX's Starlink. Despite these initiatives, AMZN shares saw a slight decrease.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 5:37 pm

GOEV

Canoo has secured a contract with Prime Time Shuttle for the purchase of up to 550 electric vehicles. Prime Time Shuttle will acquire the Lifestyle Vehicle Premium Model over several years to enhance its sustainable fleet.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:34 pm