Streetbeat News

Partnerships

MA

V

Mastercard Inc (NYSE:MA) plans to partner with self-custody wallet firms such as MetaMask and Ledger to expand its product roster. The company aims to assist wallet providers in increasing active users, building loyalty, and generating additional revenue streams. Mastercard also plans to issue a card targeting the EU or U.K. as the first market for smoother transactions without pre-funding, spending crypto, or dealing with taxes. Despite regulatory challenges, Mastercard and Visa continue to enhance their digital and crypto initiatives.

Portfolio Pulse from Khyathi Dalal

October 24, 2023 | 10:23 pm

FTI

TechnipFMC (NYSE:FTI) has been awarded a contract by Woodside Energy to manufacture flexible pipe for the Trion project in deepwater Mexico. This is TechnipFMC's largest flexible pipe award in the Gulf of Mexico to date.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:52 pm

MU

QCOM

Micron Technology has announced that it is now shipping production samples of its low-power double data rate 5X (LPDDR5X) memory for use with Qualcomm's latest flagship mobile platform, Snapdragon 8 Gen 3. The LPDDR5X memory, which runs at a speed of 9.6 gigabits per second, is designed to unlock generative artificial intelligence (AI) at the edge. The collaboration between Micron and Qualcomm aims to empower smartphone manufacturers with next-generation performance and power efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:01 pm

BUD

UFC and Anheuser-Busch have entered into a new multiyear marketing partnership, effective from January 1, 2024. Anheuser-Busch will become the exclusive 'Official Beer Partner of UFC.'

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 7:02 pm

GOOG

GOOGL

META

MSFT

QCOM

Qualcomm Inc announced several new product launches and initiatives, focusing on artificial intelligence (AI). The company announced the new Snapdragon X Elite, which will power Windows PCs into the AI era, and the Snapdragon 8 Gen 3, which will bring large language models to smartphones in 2024. Qualcomm also announced it is bringing generative AI to device categories, including devices and applications. The company named Microsoft Corporation, Xiamoi, ASUS, Honor, Lenovo, OPPO, Android (a unit of Alphabet Inc), Meta Platforms, and HP as companies collaborating on the multi-device experience with Snapdragon Seamless.

Portfolio Pulse from Chris Katje

October 24, 2023 | 7:00 pm

ASPN

Aspen Aerogels (ASPN) has updated its FY23 financial outlook, raising its EPS outlook from $(1.21)-$(1.07) to $(0.90)-$(0.76) and its revenue outlook from $200M-$250M to greater than $250M. The company's operating plans remain unaffected by the UAW strike and re-timed OEM EV investments. Aspen has also converted a letter of intent with Audi into a vehicle platform PyroThin supply award and announced Scania as the brand of a previously unnamed award from the commercial vehicle division of the Volkswagen Group.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 5:10 pm

STLA

Stellantis N.V. (NYSE:STLA) and nuclear energy company Orano have signed a memorandum of understanding to establish a joint venture for recycling end-of-life electric vehicle batteries. The joint venture will recycle batteries and scrap from gigafactories in Enlarged Europe and North America. The move is expected to strengthen Stellantis' position in the electric-vehicle battery value chain by securing additional access to cobalt, nickel, and lithium necessary for electrification and energy transition.

Portfolio Pulse from Shivani Kumaresan

October 24, 2023 | 5:05 pm

TM

Isuzu Motors and Toyota Motor are planning to mass produce a light hydrogen-powered fuel cell truck in the latter half of this decade. The vehicle will combine Isuzu's light truck body and Toyota's fuel-cell-vehicle technology. The production location is yet to be determined.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:56 pm

CDZI

Cadiz, Inc. (NASDAQ: CDZI/CDZIP) has entered into a long-term contract with El Paso Natural Gas Company to install a gas tap on their pipeline running through Cadiz Ranch property. This will allow Cadiz to replace diesel engines with natural gas engines for its operations, reducing energy costs and carbon emissions. The tap is expected to deliver new gas power to Cadiz by Q4 2024. Earlier this year, Cadiz selected Scale Microgrids to develop clean energy microgrids for its facilities.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:42 pm

DIS

VRA

Vera Bradley Inc (NASDAQ:VRA) has partnered with Walt Disney Co (NYSE:DIS) and Pixar to launch a Toy Story-inspired collection. The collection includes four new patterns and is available in Vera Bradley Full Line Stores, participating Vera Bradley retailers, and online. Following the announcement, VRA shares are trading higher by 2.84% at $7.25.

Portfolio Pulse from Shivani Kumaresan

October 24, 2023 | 4:36 pm