Streetbeat News

Partnerships

MSFT

TTWO

UBSFF

A leaked email from Microsoft Gaming CEO Phil Spencer reveals the challenges faced by AAA game publishers in the digital age. Spencer noted that AAA publishers have struggled to create new intellectual property (IP) and are relying on franchises created over a decade ago. Microsoft's response to these challenges is Xbox Game Pass, a subscription platform that has collaborated with AAA publishers like Take-Two Interactive Software, Ubisoft Entertainment, and Electronic Arts.

Portfolio Pulse from Franca Quarneti

September 25, 2023 | 6:17 pm

CVX

Chevron Corp (NYSE:CVX) plans to increase its Venezuelan oil output by 65,000 barrels per day (bpd) by the end of 2024, which could help Venezuela boost crude production and speed up Chevron's plan to recover $3 billion in unpaid dividends and debt. Chevron's joint ventures with Venezuelan state oil company PDVSA currently produce around 135,000 bpd and have exported an average 124,000 bpd to the U.S. this year. The company's production target of 200,000 bpd by the end of next year could help Venezuela surpass 1 million bpd.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 5:51 pm

AMD

NVDA

SSNLF

TSM

AMD stock is trading higher along with other chipmakers amid reports of Taiwan Semiconductor Manufacturing Company (TSMC) increasing orders for advanced packaging equipment due to high demand from tech companies like Nvidia and AMD. However, the installation will likely be completed by the end of 2023, implying that Nvidia and others might have to bear the supply chain crisis for now. Separately, AMD has partnered with Samsung to advance 5G virtualized RAN (vRAN) for network transformation.

Portfolio Pulse from Anusuya Lahiri

September 25, 2023 | 5:41 pm

MSA

MSA Safety Inc (NYSE:MSA) has expanded its marketing partnership with the Pittsburgh Penguins' hockey team. The MSA Safety brand will be featured on the team's away-game helmets, starting with the 2023-24 NHL season. The new three-year agreement will have the MSA Safety logo on both sides of the Penguins players' white helmets for all road games through the 2025-26 regular season and playoffs. MSA shares are trading lower by 0.41% at $163.77 on the last check Monday.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 5:12 pm

TSLA

TSM

Tesla Inc is reportedly doubling its order for the Dojo supercomputer chip, D1, from Taiwan Semiconductor Mfg. Co. Ltd. The increased order would see the production of 10,000 units of the D1 chip, which is integral to the operation of Tesla's Dojo supercomputer. The partnership between the two companies is expected to expand further with increased orders into 2024 and 2025. The Dojo supercomputer plays a crucial role in developing Tesla's autonomous driving technology.

Portfolio Pulse from Benzinga EV Insights

September 25, 2023 | 4:28 pm

BCS

BNPQY

HSBC

Major global banks including Goldman Sachs Group, Inc. (GS), HSBC Holdings, Plc (HSBC), Barclays PLC (BCS), and BNP Paribas (BNPQY) are collaborating to develop a unified method of revealing clients' stock positions. The initiative, named Endoxa, aims to enhance transparency, reduce expenses, and mitigate the potential dangers of under-reporting. The banks are working with RegTech expert Droit to optimize their efforts.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 4:18 pm

BPTS

Biophytis SA (NASDAQ:BPTS) shares are trading higher after the company and Skyepharma announced a partnership for the production of regulatory batches of Sarconeos (BIO101) for severe forms of Covid-19. The partnership aims to obtain a marketing authorization for the treatment. The company's shares are up on heavy trading volume, with more than 50 million shares traded compared to the 100-day average of just over 446 thousand shares.

Portfolio Pulse from Erica Kollmann

September 25, 2023 | 3:33 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading higher, recovering from recent losses. The stock has been volatile in September due to several corporate developments. Nikola appointed Mary Chan as COO and Joseph S. Cappello as president of Nikola Energy. The company also announced a deal with ITD Industries to become the first dealer for Nikola Class 8 EV trucks in Canada. Nikola has also enacted a voluntary recall of its battery electric vehicles (BEV).

Portfolio Pulse from Erica Kollmann

September 25, 2023 | 3:32 pm

HUN

Huntsman Corporation has launched its Technology Portal, a platform designed to foster external collaborations and engage with innovators and manufacturers across the value chain. The portal offers two distinct cooperation routes for innovation-driven solutions and manufacturing solutions. It also provides a contact hub for chemical manufacturers to explore tailored scale-up, industrialization, custom manufacturing, and other manufacturing solutions.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 2:58 pm

AAPL

AMZN

BIIB

DLAKY

GOOG

NVS

PFE

RNAZ

TSN

WMT

Several significant business events have occurred. Ford of Canada has reached a collective agreement with Unifor union, including wage increases and pension improvements. Amazon has invested $4 billion in AI startup Anthropic. PhonePe, backed by Walmart, has launched the Indus AppStore Developer Platform to challenge Google's dominance in India. Goodyear plans to redefine its operational presence in the Asia Pacific region. Pfizer's RSVpreF vaccine has been recommended by the CDC for pregnant people. Mercedes Benz has partnered with Mastercard to introduce in-car digital payments. Novartis plans to spin-off the Sandoz business. Eisai and Biogen's Alzheimer treatment Leqembi has been approved in Japan. Alcoa has appointed William F. Oplinger as President and CEO. TransCode Therapeutics' stock is trading higher after positive results with its therapeutic candidate, TTX-MC138. Tyson Foods and Perdue Farms are under investigation over alleged child labor violations. OpenAI has unveiled a new feature for its ChatGPT application, enabling verbal responses. Apple's iOS 17 update allows users to opt for a search engine other than Google. Austrian Airlines faced backlash for making inaccurate environmental claims.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 2:58 pm