Streetbeat News

Partnerships

PLTR

Palantir Technologies Inc.'s CEO, Alex Karp, criticized the UK's decision to invite China to the upcoming AI Summit. This comes amid criticism of UK Prime Minister Rishi Sunak for inviting China due to tense relations. Karp also discussed Palantir's bid for a £500 million contract to provide AI software to the UK's National Health Service (NHS), emphasizing that any potential sale of NHS data would be a government decision.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 4:41 am

F

TSLA

Ford Motor Co plans to add 15,000 Tesla superchargers to its charging network, a 25% increase from its previous estimate. The superchargers will be available to customers starting next spring. Ford will also expand its BlueOval Charge Network in North America by 25% to over 106,000 chargers by adding access to Francis Energy, Blink and Red E charging providers. In May, Ford signed an agreement to allow its customers access to 12,000 Tesla superchargers.

Portfolio Pulse from Anan Ashraf

October 31, 2023 | 3:11 am

SHPH

Shuttle Pharmaceuticals has entered into an exclusive licensing agreement with Georgetown University on October 24, 2023. The details of the agreement were not disclosed.

Portfolio Pulse from Charles Gross

October 30, 2023 | 9:21 pm

MNTS

Momentus is reportedly working to raise additional capital and has received multiple indications of interest from potential strategic partners, according to an 8-K filing.

Portfolio Pulse from Charles Gross

October 30, 2023 | 9:18 pm

JACK

Jack in the Box Inc. (NASDAQ:JACK) has opened its first store in Louisville, marking its entry into the Kentucky market. This is the second new market entry in the past three months, following Salt Lake City. The company also announced a new agreement with a group of veteran franchisees to open six new restaurants in the Louisville market. The new location features the brand's innovative CRAVED image and offers dine-in, drive-thru, mobile ordering options, and will be open 24 hours per day.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:55 pm

AMD

AMZN

META

MSFT

Analysts from Rosenblatt, Raymond James, KeyBanc, and BMO Capital have reiterated their positive ratings on Advanced Micro Devices, Inc (AMD), ahead of its Q3 earnings. They expect AMD to deliver in-line results, with robust data center and PC CPU dynamics offsetting weaker enterprise, embedded, and PC gaming trends. The analysts also anticipate a bullish posture in strategic product areas, including the new MI300A/X APU/GPU compute accelerators. AMD is installing MI300A into the El Capitan supercomputer and the MI300X is expected to ramp up in 2024. AMD is also reportedly working with Microsoft Corp (MSFT), Meta Platforms Inc (META), and Amazon.Com Inc (AMZN).

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 5:54 pm

ENS

Battery charging solutions provider CTEK has partnered with EnerSys (NYSE:ENS) to launch a new line of high-quality chargers. The chargers will become a part of the ODYSSEY battery charger portfolio and are designed to efficiently charge a variety of battery models. The new line will be available in the EU, UK, and North American markets and will be showcased at the 2023 SEMA show in Las Vegas.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 5:28 pm

AMZN

GOOG

MSFT

Alphabet's Q3 revenue returned to double-digit growth, but its stock dropped as cloud revenue fell short. Alphabet has committed to a $2 billion investment in AI startup, Antropic, following Amazon's $4 billion investment. Alphabet's cloud business grew 22% YoY and turned from last year’s operating loss to an operating profit of $266 million. However, it still lags behind Microsoft's Azure and Amazon's AWS.

Portfolio Pulse from Upwallstreet

October 30, 2023 | 5:25 pm

ADM

Archer-Daniels-Midland Company (NYSE:ADM) has partnered with Solugen to scale a range of plant-based specialty chemicals and bio-based building block molecules in a new manufacturing facility in Marshall, Minnesota. The facility will use dextrose from ADM to scale its current line of lower-carbon organic acids and develop molecules to replace existing fossil fuel-based materials. The parties are also planning to explore commercialization opportunities of the biomaterials.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 4:53 pm

BP

SPY

USO

BP is considering forming joint ventures to enhance its U.S. shale operations. The move is aimed at increasing production and reducing costs.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:12 pm