Streetbeat News

Partnerships

LYFT

EVCS and Lyft Inc. (NASDAQ:LYFT) have announced a new partnership program that offers discounted charging on the EVCS network for Lyft's EV drivers. The program is available to all EV drivers on Lyft and covers all EVCS publicly accessible charging stations across California, Oregon, and Washington. The program aims to accelerate the transition to clean transportation in these states and aligns with California's Clean Miles Standard, which mandates 90% of rideshare vehicle miles traveled to be zero-emissions by 2030.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 4:04 pm

DNUT

MCD

Krispy Kreme Inc's (NASDAQ:DNUT) shares are trading lower after the company reported Q3 FY23 earnings. Sales growth was 7.9% YoY, missing the analyst consensus estimate. The company reported an operating loss for the quarter and adjusted EPS also missed the consensus. However, adjusted EBITDA increased 13.5% YoY. The company is in advanced discussions about expanding its partnership with McDonald's Corporation (NYSE:MCD).

Portfolio Pulse from Shivani Kumaresan

November 09, 2023 | 4:03 pm

ALKT

Alkami Technology, Inc. (NASDAQ:ALKT) has partnered with Plaid to provide its financial institution clients with direct API access to Plaid's financial data network. This partnership is a first for Alkami and makes it the first major platform fully live on Plaid's FDX aligned API, Core Exchange. The integration will support Alkami's bank and credit union clients in competing with emerging fintechs, big tech, and megabanks.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:02 pm

MGM

The Culinary Union has announced a new agreement with MGM Resorts, which includes the largest wage increases ever negotiated in the union's history. The specifics of the new union collective bargaining agreement with MGM are not disclosed publicly at this time.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:00 pm

NIO

NIO's CEO has stated that the company is still considering its entry into the North American market by 2025. The company is open to any kind of partnerships in North America and acknowledges the need to build infrastructure before bringing its electric vehicles to the region.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:50 pm

BAYRY

RXRX

Bayer and Recursion have announced a research collaboration focusing on oncology. The partnership will leverage Bayer's small molecule compound library and expertise in biology and medicinal chemistry, as well as Recursion's AI-guided drug discovery platform.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:44 pm

AMD

ASML

NVDA

QCOM

SSNLF

Micron Technology's stock is trading higher amid reports of the company showcasing its latest technologies at the China International Import Expo. Despite a previous sales ban, Micron is making its debut at the expo, implying its attempts to improve its relations with China. Other chip-related companies, including Qualcomm, ASML Holding, and Samsung Electronics, are also demonstrating their latest technologies. Nvidia Corp, however, continues its absence from the event due to the U.S. trade embargo.

Portfolio Pulse from Anusuya Lahiri

November 09, 2023 | 2:34 pm

CMND

Clearmind Medicine Inc. has entered into a Clinical Trial Agreement with Johns Hopkins University School of Medicine and Yale University to conduct Phase I/IIa clinical trials of its proprietary MEAI-based CMND-100 as a potential treatment for Alcohol Use Disorder (AUD). The trial will evaluate the tolerability, safety, and pharmacokinetics of CMND-100 in healthy subjects and those with AUD, and its efficacy in reducing drinking patterns and cravings.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:30 pm

BETR

BETRW

INFY

Infosys (INFY) and Better Home & Finance Holding Company (BETR, BETRW) have announced a collaboration to launch Mortgage as a Service (MaaS), an integrated end-to-end digital mortgage white-labelled platform. The platform will help banks and credit unions provide seamless digital mortgage and home equity loan experiences to their customers. Better's proprietary digital technology is an end-to-end platform including point of sale, pricing, underwriting, loan origination, closing, funding and investor sale, built to be cloud-native.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:29 pm

HPP

Hudson Pacific Properties, Inc. (NYSE:HPP) and Blackstone have successfully refinanced the loan secured by Bentall Centre, a 1.5 million-square-foot office property located in Vancouver, British Columbia. The new $454.8 million mortgage loan bears an interest rate of 230 basis points over CORRA, swapped to a fixed rate of 4.36%, and matures in 2027. With this refinancing, Hudson Pacific has no debt maturities until December 2024.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:25 pm