Streetbeat News

Partnerships

MSFT

NVDA

NVIDIA Corporation has launched an AI foundry service on Microsoft Azure to accelerate the development of custom AI applications for enterprises and startups. The service includes NVIDIA AI Foundation Models, the NVIDIA NeMo framework and tools, and NVIDIA DGX Cloud AI supercomputing services. Customers can access several NVIDIA AI Foundation models, including the new Nemotron-3 8B models. The partnership between NVIDIA and Microsoft aims to innovate across the Copilot stack, from silicon to software, in the age of AI. NVIDIA's stock (NVDA) was trading lower by 1.58% at $488.69.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 7:51 pm

CSGP

CoStar Group (NASDAQ:CSGP), a leader in online real estate marketplaces and analytics, has appointed Sandra Roumi as the General Manager for its expansion in France. Roumi, with her extensive experience in the French real estate industry, will lead the launch of CoStar and LoopNet in France. The expansion is part of CoStar's European growth strategy, leveraging its existing French businesses: Business Immo, BureauxLocaux, and Grecam. The France operations will be based in Paris.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:04 pm

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) announced the retirement of Chairman, CEO, and President Richard J. Kramer in 2024 and the initiation of a search for his successor. The company also unveiled the 'Goodyear Forward' plan, targeting a $1 billion annual run-rate benefit by 2025 through cost reductions and portfolio optimization, including the potential sale of its Chemical business, Dunlop brand, and Off-the-Road tire business. The plan aims for $2 billion in gross proceeds and a doubling of segment operating margin to 10% by Q4 2025. Goodyear expects to reduce debt by $1.5 billion, net of restructuring costs. Elliott Investment Management, a major investor, expressed support for the initiatives. GT shares rose 2.86% to $14.05.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 6:59 pm

AMZN

BNBUSD

HSBC

IMF Managing Director Kristalina Georgieva advocated for the accelerated adoption of central bank digital currencies (CBDCs) at the Singapore FinTech Festival, highlighting their potential to improve cross-border payments and financial inclusion. The festival featured discussions on fintech advancements with participants like Amazon.com, Inc., Binance, and HSBC Holdings plc. The IMF introduced a new handbook for policymakers on CBDCs, and Ant Group announced a partnership with the National Bank of Cambodia for cross-border mobile payments.

Portfolio Pulse from Murtuza Merchant

November 15, 2023 | 6:32 pm

CISO

CISO Global shares have risen following the announcement of their participation in the Microsoft Security Copilot Partner Private Preview.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:23 pm

BMY

FUJIY

National Grid Renewables has executed two Power Purchase Agreements (PPAs) for its Blevins Solar Project. Fujifilm has contracted for 125 MW of solar power, while Bristol Myers Squibb has contracted for 145 MW.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:10 pm

BMY

Fujifilm and Bristol Myers Squibb have signed Power Purchase Agreements (PPAs) with National Grid Renewables. These agreements are part of their efforts to reduce carbon footprints and increase the use of renewable energy in their operations. The details of the PPAs, such as the duration and financial terms, were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:01 pm

UAL

United Airlines and the Houston Airport System (HAS) are investing over $2 billion in the Terminal B Transformation Program at George Bush Intercontinental Airport (IAH). The project includes 40 new gates, expanded amenities, and a focus on sustainability with the goal of LEED Silver certification. The expansion aims to accommodate an estimated 36 million passengers and will bring nearly 3,000 new jobs to Houston. United Airlines is investing $1.9 billion, while the City of Houston will fund $624 million in enabling projects. The project is expected to enhance the passenger experience and support Houston's economy.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:33 pm

CHPT

ChargePoint has launched the Power Link system, capable of up to 500kW charging speeds, which is now powering the Mercedes-Benz HPC NA, the fastest public charging network in North America.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:18 pm

CVLT

MSFT

Commvault has joined the Microsoft Security Copilot Partner Private Preview, indicating a collaboration between Commvault and Microsoft in enhancing security solutions.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:06 pm