Streetbeat News

Partnerships

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Airbus SE, easyJet plc, and Rolls Royce Holdings Plc have formed a consortium with Orsted A/S, GKN Aerospace, and Bristol Airport to advance UK's position in hydrogen-powered aviation. The Hydrogen in Aviation (HIA) aims to assist the Government and policymakers by mapping out the milestones to ensure infrastructure, regulatory, and policy changes keep pace with the technological developments in carbon-free flying.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 3:56 pm

SHEL

Shell PLC (NYSE:SHEL) and Trinidad and Tobago's National Gas Company (NGC) are close to an agreement to credit Venezuela's state-run oil firm PDVSA for its $1 billion investment in a gas field they plan to develop jointly. This could accelerate a long-delayed offshore development initiative. The US authorized Venezuela's PDVSA, Shell, and NGC for two years to revitalize the project in January. Shell and NGC have not yet committed to PDVSA on the reimbursement but are ready to settle for 'all legitimate claims'.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 3:20 pm

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TSLA

Samsung Electro-Mechanics Co. has reportedly signed a camera supply contract with a prominent US electric vehicle maker, speculated to be Tesla. The scale of the deal is yet to be finalized. The cameras, ultra-high-definition units with over 5 million pixels, are expected to be supplied for several of Tesla’s vehicles. This is Samsung's second major win this year, following a contract to supply chips for Tesla’s next-generation Hardware 5.0 computer.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 3:07 pm

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VOD

Vodafone Group Plc (NASDAQ:VOD) has signed a deal with Amazon.com, Inc.'s (NASDAQ:AMZN) Project Kuiper to extend 4G/5G services to more customers in Europe and Africa. The satellite network will connect geographically dispersed cellular antennas back to the companies' core telecom networks. Amazon plans to test two prototype satellites in the coming months before deploying production satellites in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 2:44 pm

SAABF

Boeing Co (BA) has expanded its contract with SAAB AB (SAABF) for the manufacturing of large cargo doors, bulk cargo doors, and access doors for the 787 Dreamliner. This is an extension of a contract signed in 2004. SAAB has delivered over 1,100 shipsets for the 787 Dreamliner program since its inception. Last month, Boeing warned of delivery delays of 737 MAX jets due to a manufacturing defect.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 2:33 pm

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QCOM

BMW Group has chosen Amazon Web Services (AWS) as the preferred cloud provider for its automated driving platform. The platform will be used to develop BMW's next-generation advanced driver assistance system (ADAS) for its 'Neue Klasse' vehicles, set to launch in 2025. AWS's compute, AI, IoT, machine learning, and storage capabilities will be used to accelerate the delivery of highly automated BMW vehicles. BMW Group is also collaborating with Qualcomm Technologies to co-develop next-generation automated driving systems.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:03 pm

HWC

NMRK

Newmark's Global Corporate Services division has secured a long-term contract renewal with Hancock Whitney Bank. The contract covers facility management, lease administration, accounting, transaction management, and consulting. Newmark also plans to provide enhanced technology solutions as part of the renewal.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:02 pm

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NVDA

Dell Technologies Inc (DELL) reported strong Q2 results, despite a 13% YoY revenue drop, exceeding Refinitiv’s consensus estimate. The company's shares surged 21.3% following the report. Dell's success is attributed to rising demand for AI-optimized servers and its partnership with Nvidia (NVDA). Morgan Stanley named Dell as its top hardware pick, replacing Apple Inc (AAPL). In contrast, HP Inc (HPQ) shares fell 6.6% due to soft guidance.

Portfolio Pulse from Upwallstreet

September 05, 2023 | 1:59 pm

ATXG

Addentax Group Corp. (NASDAQ:ATXG) has initiated preliminary discussions with Xianglilai Technology Co., Ltd for the integration of advanced lithium battery technology in logistics and autonomous new energy vehicles. This aligns with Addentax's recent venture with Auto City (Shenzhen) Autonomous Driving Co., Ltd. focused on AI cloud-based Level 4 Autopilot R&D. Xianglilai's battery sharing services ensure timely deliveries with fully charged batteries, aligning with the global trend toward sustainability.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:46 pm

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MGM

The Osaka prefectural and municipal governments have announced a delay in the opening of a planned casino resort to autumn 2030, a year later than initially planned. The delay is due to the plan not receiving central government approval until April 2023. The initial investment will also increase to ¥1.27 trillion from ¥1.08 trillion due to rising construction material costs. The resort will be constructed and operated by a company led by MGM Resorts International and Japan's Orix.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:42 pm