Streetbeat News

Partnerships

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

VZ

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

IRDM

QCOM

The collaboration between Qualcomm Inc. (QCOM) and Iridium Communications Inc. (IRDM) to introduce satellite connectivity to Android phones has been discontinued. The Snapdragon Satellite platform was launched in January to enable satellite-based SMS and emergency messaging on Android smartphones. However, due to lack of integration by smartphone manufacturers, Qualcomm decided to terminate the partnership. This puts Android phones at a disadvantage as Apple already offers satellite-based emergency messaging on its iPhones.

Portfolio Pulse from Rounak Jain

November 10, 2023 | 6:47 am

WKEY

WISeKey and Avium Digital have signed a Memorandum of Understanding (MoU) to enhance secure communications and fortify Avium's SaaS solution for vertiport infrastructures. The partnership will leverage WISeKey's cybersecurity solutions to ensure secure data transmission for Avium's clients.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:25 am

PL

Planet Labs PBC is set to launch its Pelican tech demonstration satellite, Pelican-1, and 36 SuperDoves, Flock 4Q, on SpaceX's Transporter-9 mission on November 11, 2023. The launch will take place from Vandenberg Space Force Base in California.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:13 am

BTDR

NVDA

Bitdeer Technologies is set to launch Bitdeer AI Cloud, powered by NVIDIA DGX SuperPOD with DGX H100 systems, in the Asia region.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:06 am

META

TCEHY

Meta Platforms Inc. (NASDAQ:META) has reportedly signed an initial agreement with Tencent Holdings Ltd. (OTC:TCEHY) to re-establish its presence in the Chinese market after 14 years. The collaboration aims to launch a cost-effective model of Meta’s virtual reality headset by the end of 2024, which will be exclusively sold by Tencent in China. The agreement is a significant move for Meta, which has been trying to re-establish its business in China for years.

Portfolio Pulse from Ananya Gairola

November 10, 2023 | 5:47 am

COR

WBA

Walgreens Boots Alliance (WBA) has sold shares of Cencora, Inc. (COR) for initial proceeds of $674 million. The sale was executed through variable prepaid forward transactions, providing WBA with liquidity while maintaining the ability to participate in potential stock price appreciation. The proceeds will be used for debt paydown and general corporate purposes. The sale has no impact on the long-term partnership between the two companies.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 12:18 am