Streetbeat News

Partnerships

ENVX

Enovix shares rose after the company reported better-than-expected Q3 adjusted EPS and announced a development agreement with a leading smartphone OEM in China.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:21 pm

CTRE

ENSG

PACS

CareTrust REIT, Inc. (NYSE:CTRE) plans to acquire a $500M portfolio of skilled nursing facilities in the Southeast, in partnership with a joint venture. The acquisition involves 31 facilities, with operations by existing tenants like The Ensign Group (NASDAQ:ENSG) and PACS Group, Inc. (NYSE:PACS).

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:17 pm

ENVX

Enovix Corporation (NASDAQ:ENVX) has signed a development agreement with a leading smartphone OEM in China to produce a 100% active silicon anode battery for smartphones by Q4 2025. This marks Enovix's second agreement with a top smartphone OEM, indicating growing momentum in the IoT and EV markets.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:09 pm

CTRE

PACS

PACS Group, Inc. is set to acquire operations of 12 skilled nursing facilities in Tennessee, leasing them from CareTrust REIT. The lease includes purchase options for six facilities.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:06 pm

CTRE

ENSG

The Ensign Group, Inc. is expanding its operations by adding eight skilled nursing facilities in Tennessee and one in Alabama. Six of these will be jointly owned with CareTrust REIT, Inc. and three will be purchased by Ensign's subsidiary, Standard Bearer Healthcare REIT, Inc. The transaction is pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:06 pm

GM

LAC

Lithium Americas Corp. (NYSE:LAC) shares rose after securing a $2.26 billion loan from the U.S. Department of Energy to fund the Thacker Pass Project in Nevada. This project aims to produce 40,000 tonnes of lithium carbonate annually, with GM acquiring a 38% stake.

Portfolio Pulse from Vaishali Prayag

October 29, 2024 | 7:06 pm

TCEHY

UBSFF

Tencent Holdings ADR denied rumors of layoffs and restructuring, while announcing leadership changes. The company clarified that no widespread job cuts are planned, and its subsidiary TiMi Studio Group is actively recruiting. Tencent is also in talks with Guillemot Brothers Ltd. regarding Ubisoft Entertainment SA, potentially leading to a buyout.

Portfolio Pulse from Franca Quarneti

October 29, 2024 | 7:03 pm

AMD

AVGO

NVDA

TSM

OpenAI has partnered with Broadcom, AMD, and Taiwan Semiconductor to develop an in-house AI chip, aiming to reduce dependency on Nvidia. This collaboration has led to stock gains for Broadcom, AMD, and Taiwan Semiconductor. Analysts are optimistic about the semiconductor sector, highlighting Broadcom and AMD as key players.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 6:59 pm

DIS

Disney is launching ESPN Football Island, a new experience within Fortnite, featuring a Payload-style game and exclusive cosmetics.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:49 pm

MSFT

LinkedIn has launched its first AI agent, Hiring Assistant, to assist recruiters with tasks such as creating job descriptions and sourcing candidates. This marks a significant step in LinkedIn's AI development, leveraging its partnership with OpenAI. The AI tool is currently available to select large enterprises and will be rolled out more widely soon.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:44 pm