Streetbeat News

Partnerships

COIN

Blockchain-focused venture capital firm Lightspeed Faction has launched its first $285 million venture fund, Faction, to invest in early-stage blockchain projects. The fund will provide resources on various topics to blockchain entrepreneurs. Faction's team includes members from Amber Group, Blockchain.com, and Coinbase Global Inc. Lightspeed Faction is a joint venture with Lightspeed Venture Partners, combining Faction's crypto-only approach with Lightspeed's Silicon Valley roots and business scaling resources.

Portfolio Pulse from Murtuza Merchant

November 09, 2023 | 9:57 pm

IGT

International Game Technology PLC (IGT) has announced a multi-year agreement with Ponce Plaza Hotel & Casino in Puerto Rico. The casino will use IGT's PlaySports technology and services to power Puerto Rico's first casino brand-led retail and mobile sportsbook, PlayBets by Ponce Plaza.

Portfolio Pulse from Charles Gross

November 09, 2023 | 9:32 pm

ADPT

GS

Adaptive Biotechnologies has announced that it is undergoing a strategic review with Goldman Sachs. The review is expected to help the company identify potential areas for growth and improvement.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:08 pm

LAZR

MBLY

PSNY

Polestar, Mobileye, and Luminar have announced plans to equip the Polestar 4 with Luminar LiDAR and Mobileye's Chauffeur system. This will be the first passenger vehicle to be based on Mobileye's Chauffeur system equipped with Luminar LiDAR. The integration aims to enhance safety and future autonomous driving capabilities of Polestar 4. The partnership between Luminar and Mobileye has been ongoing for years, focusing on Level 4 Mobility-as-a-Service (MaaS) product and Autonomous Vehicle series solution.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 8:50 pm

BKKT

Bakkt Holdings, Inc. (NYSE:BKKT) plans to expand its crypto capabilities into Latin American, European, and Asian markets by the end of 2023. The company will partner with Hapi, a stock trading platform, and 3.0verse, a crypto app. Bakkt also plans to join EDX Markets' clearing house and custodial network. Despite recent share price volatility, Bakkt expects an increasing share of its revenue to come from subscription-based annual recurring revenue.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 8:44 pm

APD

Air Products (NYSE:APD) has partnered with Chengzhi Shareholding Co. Ltd. to accelerate transport decarbonization in China's Yangtze River Delta. The companies have launched their first commercial-scale hydrogen fueling station in Changshu city, Jiangsu province. The station fuels hydrogen fuel cell trucks of various multinational and domestic companies, including Budweiser China, Yum China, the logistics service provider of Nestle China and JD Logistics, to pilot zero-emission logistics operations.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 8:43 pm

NFLX

VZ

Netflix and Warner's Max have partnered with Verizon to offer a discounted streaming bundle. Verizon will offer ad tiers of both services for about $10 a month combined, instead of $17.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 8:26 pm

NIO

VWAGY

Volkswagen AG plans to launch a sub-$35,000 electric vehicle in the U.S. within the next three to four years. The company is considering potential production locations in the U.S. or Mexico and is exploring the localization of battery pack assembly. Meanwhile, Chinese car manufacturer NIO Inc is still considering a 2025 entry into North America, with the need to establish a robust infrastructure and potential partnerships being key factors.

Portfolio Pulse from Shivani Kumaresan

November 09, 2023 | 6:49 pm

FXI

SPY

Chinese Vice Premier He Lifeng stated that the key task for the meeting with US Treasury Secretary Janet Yellen is to implement tasks from President Biden and President Xi. He also mentioned that the talks with Yellen have been constructive and that China's concerns about its economic and investment relationship with the US will be communicated.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 6:39 pm

SNAP

Snap is releasing a new version of its AR development tool, Lens Studio 5.0 Beta, which includes increased productivity and new AI capabilities. The company has partnered with OpenAI to offer a ChatGPT Remote API, allowing developers to create new types of learning, conversational, and creative experiences for Snapchat users. The new tool also supports version control tools like Git, enabling multiple developers to work on projects simultaneously. Snap also announced that there are now 330,000 developers building on its AR platform who have created nearly 3.5 million Lenses.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 6:22 pm