Streetbeat News

Partnerships

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

AMZN

Amazon showcased its advancements in robotics at the 'Delivering the Future' event, focusing on drone deliveries and warehouse automation. The company announced the expansion of its Prime Air service, with drone deliveries of medications from Amazon Pharmacy to customers in College Station, Texas. The drone delivery service is also expected to launch in another U.S. city and select locations in the U.K. and Germany next year. Amazon also introduced Sequoia, a system to enhance inventory management at fulfillment centers, which can process inventory up to 75% faster and reduce order processing time by 25%.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 4:09 pm

HPE

Hewlett Packard Enterprise (HPE) has announced that Żabka, the largest convenience store chain in Poland and Central and Eastern Europe, has selected the HPE GreenLake edge-to-cloud platform to run its SAP S/4HANA applications. The platform will provide Żabka with enhanced performance, availability, scalability, and predictable usage-based pricing to support its expansion. The chain operates at almost 10,000 locations and opens 1,000 new stores annually on average.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:04 pm

MCOM

Micromobility.com Inc. (NASDAQ:MCOM) shares are trading higher, despite being down by over 30% in the last month. The company, which provides electric micro-mobility services, recently announced the signing of a letter of intent with Atlas Special Opportunities regarding Hopium. The potential investment of up to $15 million would accelerate Hopium's R&D and growth. MCOM shares are up nearly 10% at 4 cents.

Portfolio Pulse from Erica Kollmann

October 30, 2023 | 4:02 pm

CVS

GSK

PFE

GSK has taken an early lead in the respiratory syncytial virus (RSV) vaccine market, surpassing Pfizer. This success is attributed to GSK's strategic partnership with CVS Health Corp, the largest pharmacy chain in the U.S. GSK's RSV vaccine accounts for nearly two-thirds of RSV shots administered since early September. The vaccine is also listed at a slight discount compared to Pfizer's offering, which may be influencing independent pharmacists' decisions.

Portfolio Pulse from Vandana Singh

October 30, 2023 | 3:48 pm

E

SLB

Schlumberger (NYSE:SLB) has been selected by Eni S.p.A. (NYSE:E) to develop plans for measuring and reporting fugitive methane emissions at global facilities. The project aligns with the United Nations' Oil & Gas Methane Partnership 2.0 (OGMP 2.0) reporting standards. Schlumberger will use its End-to-end Emissions Solutions business (SEES) to deliver precise measurement and reporting plans for Eni.

Portfolio Pulse from Akanksha Bakshi

October 30, 2023 | 3:00 pm

ENS

EnerSys (NYSE:ENS) and CTEK have announced a strategic collaboration to introduce a new series of high-quality chargers to global markets. The chargers will become part of the ODYSSEY battery charger portfolio and are designed to efficiently charge a variety of battery models. The chargers will be available in the EU, UK, and North American markets. The collaboration commenced in February 2023.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 2:52 pm

AMZN

PINS

Pinterest Inc (PINS) is set to report its Q3 2023 earnings, with analysts expecting $0.20 in EPS and $743.4 million in revenue. The company's international monetization strategies are proving successful, with significant growth potential in Australia, Japan, and Latin America. The partnership with Amazon.com Inc (AMZN) and recovering ad spends are expected to boost the stock. However, maintaining and increasing ARPU in a competitive market and continued monetization from new markets could impact the business and stock. PINS stock is up 11.3% over the past year, and the latest price target is $33/share, representing a possible 34.8% upside.

Portfolio Pulse from Surbhi Jain

October 30, 2023 | 2:28 pm

GM

SPY

President Biden has expressed his approval of the deal between General Motors (GM) and the United Auto Workers (UAW), stating that it is 'great'.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:51 pm