Streetbeat News

Partnerships

SYM

Southern Glazer's Wine & Spirits has formed a strategic partnership with Symbotic Inc (SYM), where Symbotic's A.I.-powered software and robotics warehouse automation systems will be implemented in Southern Glazer's distribution centers by 2025. The financial terms were not disclosed. Symbotic's stock (SYM) closed 8.20% higher at $35.89 following the announcement.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 1:06 pm

BURU

NUBURU, a company specializing in high-power blue lasers, has received a purchase order for its BL-250 model from a multinational electronics manufacturer. This order could indicate the manufacturer's interest in utilizing NUBURU's laser technology for applications such as welding or 3D printing in electronics manufacturing.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:02 pm

AMD

INTC

NVDA

Nvidia Corp (NASDAQ:NVDA) stock rose after announcing an upgrade to its H200 GPU, which is expected to enhance AI system development capabilities. The optimism around the Federal Reserve's interest rate hikes potentially peaking also contributed to the stock's increase. Nvidia's stock has gained over 240% in 2023, outperforming on the Nasdaq 100 and S&P 500 indexes. Analysts from Wolfe Research and Bloomberg Intelligence anticipate Nvidia's updated GPUs will maintain its market dominance. Nvidia's peers, AMD and Intel, are also launching competing chips. Nvidia is navigating U.S. sanctions by preparing new chip models for China and has formed a partnership with NTHU to foster AI innovation. NVDA shares were up 0.55% in premarket trading on Wednesday.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 1:02 pm

ASST

Ternary Developments and Options Swing have been acquired by Asset Entities, a Dallas-based digital marketing firm. The terms of the deal were not disclosed. Jason Lee, founder and CEO of both Ternary and Options Swing, will join Asset Entities as the chief technology officer. Ternary specializes in SaaS applications, while Options Swing is an educational community for options trading. The acquisition was a cultural and technological fit, according to Lee, who initiated the conversation with Arshia Sarkhani, founder and CEO of Asset Entities.

Portfolio Pulse from Neil Dennis

November 15, 2023 | 1:00 pm

BG

Bunge (NYSE:BG) and Musim Mas Group have announced a partnership to train over 1,000 smallholder farmers in sustainable palm oil production in West Kalimantan, Indonesia. The program, which is co-funded by both companies, will run through 2025.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:22 pm

GT

Goodyear Tire & Rubber Company has unveiled its 'Goodyear Forward' transformation plan, which includes exploring strategic alternatives for its chemical business, the Dunlop brand, and the off-the-road equipment tire business. This move is aimed at optimizing the company's portfolio and focusing on core operations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:07 pm

AKAM

Hydrolix has become a part of the Akamai Qualified Computing Partner Program. This partnership is expected to enhance Hydrolix's capabilities by leveraging Akamai's edge computing platform to deliver its services more efficiently.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:35 am

GENI

FanDuel has expanded its partnership with Genius Sports to launch NFL BetVision, a streaming solution that allows FanDuel customers to watch live NFL games within the betting app. This enhancement aims to provide an immersive experience by integrating live sports viewing with betting functionality. Genius Sports, through its partnership with FanDuel, will facilitate the delivery of live NFL game feeds to FanDuel's betting app, potentially increasing user engagement and betting volume on the platform.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:05 am

ACLX

GILD

Kite, a subsidiary of Gilead Sciences, and Arcellx have broadened their collaboration on CART-ddBCMA, initially announced in December 2022, to now include lymphomas. Arcellx will receive a $200M equity investment and an $85M upfront cash payment from Kite.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:03 am

IHRT

Global, the UK's largest Radio and Outdoor media company, has entered into an exclusive platform distribution and ad sales partnership with iHeartMedia, the leading audio company in the U.S. The deal involves licensing, distributing, and representing each other's top podcast portfolios in the UK, Ireland, and the U.S. iHeartPodcasts will be accessible on Global Player and through DAX, Global's digital advertising exchange, adding millions of downloads to their network.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:02 am