Streetbeat News

Partnerships

SPOT

Spotify is partnering with Alex Cooper's The Unwell Network to host and distribute popular podcasts 'Hot Mess with Alix Earle' and 'Pretty Lonesome with Madeline Argy' on its enterprise platform, Megaphone. Spotify will also serve as the sales partner for the Unwell Network, a subsidiary of Trending, the media company co-founded by Cooper. The partnership may also include future series developed by the Unwell Network. This comes after Spotify's recent push into audiobooks and its selective partnerships in the podcasting space.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:07 pm

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) plans to produce 6-nanometer chips at its second production facility in Japan. The facility will likely entail a total investment of $13.3 billion, with Japan's Ministry of Economy, Trade and Industry eyeing up to 900 billion yen in subsidies. The government is putting together aid for the semiconductor sector as part of an economic stimulus package. TSMC is a critical supplier for Apple Inc and Nvidia Corp.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 5:00 pm

VWAGY

XPEV

XPeng Inc.'s CEO, He Xiaopeng, reportedly met with executives from Volkswagen AG in Germany, indicating a deepening partnership between the two companies. In July, Volkswagen announced its intention to invest $700 million in XPeng and collaboratively develop electric vehicles (EVs) in China. The partnership aims to leverage Volkswagen's scale and XPeng's technology to boost VW's status in the global automotive market and help XPeng reduce costs.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 4:01 pm

PCCT

Spectaire Inc. and Perception Capital Corp. II (NASDAQ:PCCT) have secured a $3.5M PIPE commitment from Dr. Jörg Mosolf, chairman of Mosolf SE & Co. KG and a director of Spectaire. The companies also announced an order from Mosolf for initial units of Spectaire's MMS device AireCore™ at a unit price of $2,000. The purchase of 50,000 shares of Perception by the PIPE investor will close concurrently with the closing of the business combination between Spectaire and Perception.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:46 pm

MA

Sherri Haymond, Executive Vice President for Digital Partnerships at Mastercard, will be a featured speaker at Benzinga's Fintech Deal Day & Awards on Nov. 13 and the Future of Digital Assets conference on Nov. 14. Haymond has been instrumental in developing and commercializing solutions such as mobile payments, tokenization, open banking, and more. Last month, Xbox partnered with Barclays and Mastercard to onboard its own credit card. Haymond emphasized the rise of Banking as a Service (BaaS) and embedded finance, trends that she believes will persist in the foreseeable future.

Portfolio Pulse from Khyathi Dalal

October 12, 2023 | 3:38 pm

BB

EWC

BlackBerry Limited (NYSE:BB, TSX:BB) has expanded its partnership with the Government of Canada through a multi-year agreement to provide BlackBerry Cloud and BlackBerry Software to all federal departments and agencies. The agreement, signed by Shared Services Canada (SSC), will enable the daily operations of the government, reliably and securely. BlackBerry's technologies are closely aligned with the Government of Canada's priorities, including achieving net-zero emissions by 2050.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:01 pm

BABA

Alibaba.com and America's Beauty Show have announced a partnership to create an omnichannel platform for growth in the beauty industry. The partnership will leverage Alibaba.com's digital tools and features to offer new business opportunities and insights into beauty trends. Initiatives include launching an online pavilion featuring America's Beauty Show companies on Alibaba.com, organizing an online trade show, providing support and education to participating companies, offering global sourcing opportunities, and facilitating the participation of Alibaba.com's buyers and suppliers in the show.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:49 pm

KVYO

SHOP

Boston-based marketing automation company Klaviyo Inc. (NYSE:KVYO) went public last month with backing from Canadian e-commerce giant Shopify Inc. (NYSE:SHOP). Despite a 3% drop since its market debut, Klaviyo has remained resilient. The company listed its shares at an IPO pricing range of $27-$29, opened at $32.06, and targeted a fully diluted valuation of approximately $9 billion. Klaviyo has seen substantial revenue growth, with a 51% increase in the latest quarter bringing its revenue to $164.6 million. Shopify holds approximately 11% of Klaviyo's shares and made a $100 million investment last year.

Portfolio Pulse from Aditi Ganguly

October 12, 2023 | 2:40 pm

OPGN

OpGen has announced a Preferred Stock Purchase Agreement and received an advanced payment of €750,000 related to the sale of certain Unyvero A50 systems by Curetis to a strategic partner. This has led to a rise in OpGen's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:38 pm

CACO

Caravelle International Group (NASDAQ:CACO) has signed a $4M Bareboat Charter Agreement with Kanda Shipping Co. Ltd. The company plans to retrofit its newly leased ship with Co-Tech wood drying equipment, which is expected to add $19M annually to Caravelle's revenue stream. The Co-Tech model utilizes heat from the ship's exhaust, ensuring minimal ongoing expenses.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:53 pm