Streetbeat News

Partnerships

ASTS

VOD

AST SpaceMobile, Inc (ASTS) stock is trading higher after the company successfully made the first-ever 5G connection for voice and data between an unmodified smartphone and a satellite in space. The test was conducted using AT&T Inc (T) spectrum and AST SpaceMobile's BlueWalker 3 test satellite. The call was placed from Hawaii to a Vodafone Group Plc (VOD) engineer in Spain. The company also broke its previous space-based cellular broadband data session record by achieving a download rate of approximately 14 Mbps.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 3:23 pm

AMTB

The Florida Panthers and Amerant Bank have announced that the new home for Panthers hockey and premier entertainment in Broward County will be Amerant Bank Arena. The partnership between the Panthers and Amerant Bank began in October 2021 and has since expanded to include the entitlement of the premium center-ice seating area 'Amerant Vault' and support for the Panthers Kids Club and youth hockey initiatives. Amerant Bank also partnered with the Panthers for the inaugural ‘Saves for Vets' campaign, donating $40 per save made by a Panthers goaltender throughout the 2022-23 regular and postseason.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:08 pm

Visa Inc. has partnered with Belgium-based secure financial messaging services provider Swift to streamline international business-to-business (B2B) payments and speed up cross-border money movement. The collaboration will offer financial institutions and their customers increased options for international transfers, enhancing both the speed and transparency of transactions. The partnership incorporates Swift Payment Pre-validation, allowing preliminary checks on Visa B2B Connect payments.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2023 | 3:01 pm

ORCL

UBER

Uber Technologies Inc (UBER) and Oracle Corp (ORCL) have announced a new offering called Collect and Receive, which connects retailers and consumers to enhance last mile delivery. The service is supported by Oracle's retail data store and cloud platform technologies. This announcement builds on Uber's previously announced seven-year strategic cloud partnership with Oracle. Uber shares were up 0.57% at $46.77 at the time of publication.

Portfolio Pulse from Adam Eckert

September 19, 2023 | 2:54 pm

EWL

MRNA

Moderna Inc has announced that it expects to absorb the demand currently supported by Lonza at its internal manufacturing site in Norwood, MA for 2024–2025.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:46 pm

EOSE

Eos Energy Enterprises (EOSE) shares are trading higher after the company was selected by Dominion Energy Virginia to provide 16 MWh of storage in a pilot project to strengthen the region's electrical grid.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:15 pm

EOSE

FORM

Dominion Energy Virginia has proposed a battery storage pilot project that could significantly increase the length of time batteries can discharge electricity to the grid. The Darbytown Storage Pilot Project will test two new technologies as potential alternatives to traditional lithium-ion batteries. The technologies being tested are iron-air batteries developed by Form Energy and zinc-hybrid batteries developed by Eos Energy Enterprises. If approved, construction would begin by late 2024, and the project would be operational by late 2026.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:03 pm

AMZN

GOOG

MSFT

TSM

Several major companies have made headlines. Amazon has hired Microsoft's Chief Product Officer, Panos Panay. Google is under scrutiny for allegedly manipulating ad auctions. Taiwan Semiconductor Manufacturing is planning to boost packaging capacity in Arizona. Microsoft has addressed a security incident involving sensitive information exposure on GitHub. Novo Nordisk has partnered with Aspen Pharmacare to produce insulin in South Africa. BeiGene has regained rights to its cancer drug from Novartis. Rocket Lab's 41st mission faced technical issues. The European Commission has approved ViiV Healthcare's HIV prevention drug. AutoZone's Q4 earnings exceeded estimates. BP has appointed Kate Thomson as interim CFO. MGM Resorts may lose out on casino licenses in NYC due to a scandal. Google and the Department of Defense are developing an AI-powered microscope. Apple faces threats from Huawei in China. Google's Bard AI chatbot is being integrated with Gmail, Google Docs, and YouTube. Starbucks is facing a lawsuit over its 'fruit' drinks.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 2:01 pm

ACHUSD

COIN

Oak Grove Ventures, a Singapore-based fund focusing on biotech, Web3, and AI, has been launched by veterans from several crypto and fintech companies. The $60 million fund has previously supported over 30 projects and early-stage investments, including Elon Musk's SpaceX and Neuralink Corp. However, Web3 funding to VC-backed startups is expected to drop to its lowest level since 2019 in Q3 2023.

Portfolio Pulse from Khyathi Dalal

September 19, 2023 | 1:48 pm

GOOG

NVDA

TSM

Nvidia Corp's stock traded lower on Tuesday despite positive developments in the AI space and potential relief of supply chain issues. Google integrated its Bard AI chatbot with popular products, intensifying competition in the AI space. Taiwan Semiconductor Manufacturing Co discussed adding advanced chip packaging capacity at its Arizona plants, which could alleviate Nvidia's supply chain issues. Reports about the Nvidia GeForce RTX 5090 continue to generate excitement on Wall Street.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 1:43 pm