Streetbeat News

Partnerships

PSNY

Polestar Automotive Holding UK Plc (NASDAQ:PSNY) and StoreDot, an Israel-based electric vehicle batteries maker, have partnered to explore the application of XFC battery cell technology to an existing platform. The '100-in-5' XFC cell charging technology, which delivers 100 miles of range in just five minutes of charging, was demonstrated alongside a Polestar battery module prototype. The collaboration follows Polestar's investment in StoreDot and is part of an ongoing strategic partnership. The companies aim to demonstrate StoreDot's production-ready XFC technology at full scale in a Polestar 5 prototype vehicle in 2024.

Portfolio Pulse from Shivani Kumaresan

November 10, 2023 | 1:01 pm

NVDA

SSNLF

TSM

Nvidia Corp (NVDA) is making headlines for its continued expansion in China and AI endeavors. The company plans to introduce three new chips in China to balance U.S. technology sanctions and its leading market. Nvidia CEO Jensen Huang praised Taiwan Semiconductor Manufacturing Co (TSM) founder Morris Chang for his pivotal role in Nvidia's success. NVDA shares traded higher by 0.37% at $471.25 premarket on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 12:53 pm

NFLX

WBD

Verizon Communications Inc plans to offer ad-supported versions of Netflix Inc and Warner Bros Discovery Inc's Max streaming services for about $10 a month combined, down from $17. The move is timed with the holiday season. Netflix and Warner Bros will share revenue with Verizon, though financial terms are undisclosed. Verizon's Q3 sales declined 2.6% YoY to $33.34 billion, slightly beating consensus. Netflix shares are trading higher by 0.46% at $437.13.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 12:47 pm

AAOI

Applied Optoelectronics has entered into an exclusive distribution agreement with Digicomm International. Under the agreement, Digicomm will be the exclusive go-to-market supplier of AOI's Quantum12 Cable Amplifiers.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:07 pm

KZIA

Kazia Therapeutics has announced the publication of preclinical data on Paxalisib, a product of its research collaboration with the Huntsman Cancer Institute at the University of Utah. The data, published in Molecular Cancer Therapeutics, highlights the potential of Paxalisib in cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:06 pm

LILM

Lilium N.V. (NASDAQ:LILM) has extended its partnership with InoBat for high-volume production of the Lilium Jet's high-performance battery cells. This move is part of Lilium's multiple-sourcing strategy for cell production and will help secure a steady supply of battery cells for the Lilium Jet.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:05 pm

MBGAF

Mercedes-Benz Group AG's North American charging network development arm, Mercedes-Benz HPC NA, is partnering with travel center chain Buc-ee's to establish superior EV charging stations across the U.S. The project is expected to reach about 30 stations by the end of 2024, with several hubs already under construction. Buc-ee's travel centers are located in Alabama, Florida, Georgia, Kentucky, South Carolina, and Tennessee.

Portfolio Pulse from Anan Ashraf

November 10, 2023 | 11:24 am

WYNN

The Culinary Union has reached a tentative agreement with Wynn Resorts for a new 5-year contract covering approximately 5,000 workers in Las Vegas.

Portfolio Pulse from Charles Gross

November 10, 2023 | 10:31 am

AAPL

AMZN

GOOG

NFLX

SPOT

In 2017, Google offered Netflix a discounted rate of 10% for in-app payments on Android, a deal that would have made Netflix a 'platform development partner'. However, Netflix declined the proposal, estimating a loss of nearly $250 million annually through Google Play Billing signups. This is not the first instance of tech giants offering significant discounts to major companies. In 2016, Apple offered Amazon a 50% discount on subscription revenues from its streaming video-on-demand app.

Portfolio Pulse from Ananya Gairola

November 10, 2023 | 10:13 am

NFLX

WBD

Verizon Communications Inc. is reportedly partnering with Netflix Inc. and Warner Bros Discovery to launch a competitively priced streaming bundle. The bundle, which includes ad-supported versions of Netflix and Warner Bros Discovery’s Max streaming services, will be offered to Verizon customers for about $10 a month. The launch is expected in the coming weeks and involves a revenue-sharing agreement between the three companies.

Portfolio Pulse from Benzinga Neuro

November 10, 2023 | 7:48 am