Streetbeat News

Partnerships

MGM

PENN

The Teamsters and Detroit Casino Council have reached tentative agreements with three major casinos in Detroit: MGM Grand Detroit, Hollywood Casino at Greektown, and MotorCity Casino. These agreements are significant as they represent a step towards improved labor relations and stability within the Detroit casino industry.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:54 pm

AYRWF

CCHWF

CRLBF

VRNOF

Workers at Strawberry Fields dispensary in Columbus, Ohio, voted to join Teamsters Local 413, marking the first unionization in the state's cannabis industry. This follows Ohio's legalization of adult-use cannabis. Union efforts coincide with Republican attempts to revise the legalization law. Successful unionization has also occurred at Ayr Wellness, Cannabist Company Holdings, Cresco Labs, and Verano Holdings across various states.

Portfolio Pulse from Maureen Meehan

November 17, 2023 | 9:32 pm

MSFT

Sam Altman has stepped down as CEO of OpenAI, with CTO Mira Murati taking over the role. The board's concerns over Altman's transparency in communications led to a loss of confidence. OpenAI is seeking additional funding from Microsoft, which has seen its stock price fall 1.68% after the news of Altman's departure.

Portfolio Pulse from Michael Cohen

November 17, 2023 | 9:12 pm

MSFT

A Microsoft spokesperson has stated the company's continued commitment to OpenAI after the news of the startup's CEO departure was announced.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 9:09 pm

OTLY

Oatly Group AB (OTLY) shares increased by 7.8% to $0.82 following the announcement of their products' nationwide availability at Insomnia Cookies. Oatly's Original and Chocolate Oatmilks are now available at over 250 Insomnia Cookies stores across the U.S. This expansion into the U.S. foodservice sector could be driving the stock's upward momentum. OTLY has a 52-week high of $3.16 and a 52-week low of $0.44.

Portfolio Pulse from Henry Khederian

November 17, 2023 | 8:42 pm

AMZN

GOOGL

NVDA

Fortune 500 companies are increasingly embracing cryptocurrency and blockchain initiatives, with a survey reporting 83% of executives planning or having such projects. Google and Amazon are forming dedicated teams for Web3, with Google offering technical solutions for Ethereum developers and Amazon developing a managed blockchain service. NVIDIA, however, faces SEC fines for not disclosing crypto mining revenues and expresses skepticism about the utility of cryptocurrencies. Citigroup has launched Citi Token Services, a blockchain solution for institutional clients, which is already being used by Maersk for vessel transit fee payments.

Portfolio Pulse from Stjepan Kalinic

November 17, 2023 | 8:28 pm

DKS

NKE

ONON

Truist Securities analyst Joseph Civello initiated coverage on Dick's Sporting Goods Inc (DKS) with a Buy rating and a price target of $134, citing strong ties with Nike (NKE) and On Holding AG (ONON). Despite a 22% drop in DKS shares since 2Q23 EPS, the analyst sees a buying opportunity, highlighting the company's structural improvements and partnerships with major sports apparel/footwear vendors. The EPS estimates for FY23 and FY24 are $11.95 and $12.45, respectively. DKS shares rose 2.91% to $118.71 recently.

Portfolio Pulse from Nabaparna Bhattacharya

November 17, 2023 | 8:27 pm

AVAXUSD

DOGEUSD

FLOKIUSD

SHIBUSD

SOLUSD

Dog-themed cryptocurrencies, known as dog coins, are outperforming the broader crypto market, with Solana-native dog coin Bonk (BONK) leading the surge with a 1,441% rally. Solana (SOL) has also outperformed recently, which may be contributing to BONK's rise. Dogecoin (DOGE) has seen significant whale movement and plans to send physical tokens to the moon. Floki (FLOKI) has entered a marketing partnership with Indian cricket teams, and Shiba Inu (SHIB) has partnered with Manny Pacquiao for fundraising. Dogecoin millionaire Glauber Contessoto plans to invest in additional altcoins, including Avalanche (AVAX).

Portfolio Pulse from Khyathi Dalal

November 17, 2023 | 7:36 pm

AGE

PFE

Serina Therapeutics Inc has licensed its POZ polymer technology to Pfizer Inc for research and development activities. Serina, which is set to merge with AgeX Therapeutics Inc in an all-stock transaction, will continue under the Serina name post-merger. AgeX Therapeutics' stock (AGE) is trading lower on heavy volume, with shares down 28.3% at $0.42.

Portfolio Pulse from Vandana Singh

November 17, 2023 | 6:10 pm

APO

PCRFY

Panasonic Holdings Corp (OTC:PCRFY) plans to sell part of its automotive systems division to funds managed by Apollo Global Management (NYSE:APO). They signed an MOU to become strategic partners in Panasonic Automotive Systems Corporation's business, aiming to finalize the agreement by March 31, 2024. PAS specializes in infotainment systems and other advanced vehicle technologies. Panasonic is also considering a future listing of this business segment.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 6:00 pm