Streetbeat News

Partnerships

DB

SCBFF

Deutsche Bank and Standard Chartered's SC Ventures are testing a system that enables blockchain-based transactions, stablecoins, and CBDCs to interact with each other, similar to the SWIFT messaging layer in traditional banking. The system was developed by GFT Group and Red Date Technology. It includes transferring and swapping USDC stablecoins on the Universal Digital Payments Network (UDPN), a permissioned blockchain system run by a consortium of banks.

Portfolio Pulse from Khyathi Dalal

October 26, 2023 | 9:36 pm

MSFT

ROK

Rockwell Automation (NYSE:ROK) and Microsoft Corp. (NASDAQ:MSFT) have announced an extension of their partnership to accelerate industrial automation design and development through generative artificial intelligence (AI). The collaboration will integrate Microsoft's Azure OpenAI Service into Rockwell's FactoryTalk Design Studio, aiming to enhance productivity and accelerate time-to-market for customers building industrial automation systems. The companies are also exploring ways to advance innovation in the industrial metaverse.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:44 pm

APO

Apollo (NYSE:APO) has signed an agreement to invest up to €1.5 billion into an Air France-KLM operating affiliate. The investment will be used to strengthen the balance sheet of Air France-KLM and enhance the scalability and growth prospects of its Flying Blue loyalty program. This is the third transaction between Apollo and Air France-KLM in the last 18 months.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:42 pm

BBY

EAR

Eargo, a hearing aid manufacturer, has expanded its partnership with Best Buy, increasing its in-store presence to over 500 locations. This move is expected to boost Eargo's visibility and sales.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:02 pm

USDCUSD

Circle, the issuer of USDC Coin (CRYPTO: USDC), has partnered with Taiwanese crypto exchange BitoGroup and Taiwan FamilyMart to launch a points-to-crypto service. This service will allow users to convert their FamilyMart loyalty points into cryptocurrencies like USDC. The move is expected to deepen Circle's presence in the Taiwanese market. Taiwan plans to submit its special crypto law draft by November end, with implementation likely in mid-2024.

Portfolio Pulse from Khyathi Dalal

October 26, 2023 | 7:52 pm

GM

The United Auto Workers (UAW) union has proposed a new contract to General Motors Co. (GM) similar to the tentative agreement reached with Ford Motor Co. The proposal is part of an effort to end a six-week-old strike. UAW President Shawn Fain and GM CEO Mary Barra have held a meeting, and while no agreement has been reached yet, the sides are reportedly close on many key issues.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:36 pm

MSFT

OTGLY

Microsoft Corporation is set to launch 'Manor Lords', a PC city-building game, as part of its Day-One Game Pass lineup. The game, developed by Slavic Magic, will be available for early access release on Valve's Steam and CD Projekt ADR's GOG on April 26, 2024. 'Manor Lords' ranks third among Steam's most-wishlisted games.

Portfolio Pulse from Franca Quarneti

October 26, 2023 | 7:30 pm

BA

LUV

Southwest Airlines has placed an order for 108 additional Boeing 737 Max jets, according to Reuters. This move indicates a vote of confidence in Boeing's troubled aircraft, which has faced scrutiny and grounding in the past due to safety concerns.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 6:02 pm

GOL

Gol Linhas Aereas Inteligentes has announced an extension and enhancement of its partnership with Air France-KLM, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:24 pm

CSCO

Cisco's Webex has announced new AI-powered solutions aimed at improving the efficiency and well-being of contact center agents. The solutions include AI-powered agent burnout detection, suggested responses, conversation summaries, and coaching highlights. Webex is also introducing a new package, Webex Customer Experience Essentials, to extend agent and supervisor functionality outside traditional contact centers. Additionally, Webex is expanding its partnership with Thrive Global to integrate Thrive Reset into the Webex Contact Center, providing well-being breaks for agents.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:02 pm