Streetbeat News

Partnerships

HYMLF

HYMTF

Hyundai Motor Co., Ltd. and LG Energy Solution will invest an additional $2 billion in their battery cell manufacturing joint venture at the Metaplant in Bryan County, Georgia. This will raise the JV's total value to over $4.3 billion and create 400 new jobs. The facility will support the production of 300,000 units of EVs annually. Hyundai Mobis will assemble battery packs using cells from the plant and supply them to Hyundai Motor Group’s U.S. manufacturing facilities.

Portfolio Pulse from Nabaparna Bhattacharya

September 01, 2023 | 1:20 pm

RTX

The U.S. Air Force and Raytheon, an RTX business, have successfully completed the first flight test of the AIM-120C-8, the latest international variant of AMRAAM developed under the Form, Fit, Function (F3R) refresh. The missile met all primary objectives for the flight test. The U.S. Air Force recently awarded Raytheon a $1.15 billion AMRAAM contract to produce AIM-120D-3 and C-8 missiles for 19 countries.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 1:02 pm

CHTR

DIS

Charter Communications has stated that it and Disney are ideal partners to establish a hybrid linear TV and direct-to-consumer model.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:52 pm

LUXH

LuxUrban Hotels Inc. (NASDAQ:LUXH) has reiterated its commitment to growth through non-dilutive funding options, supported by its recent agreement with Wyndham Hotels & Resorts and successful balance sheet initiatives. The agreement with Wyndham will provide LuxUrban with approximately 50% or more of all capital required for new acquisitions. The company expects to open at least 60% of its current hotels under the Trademark Collection banner by September 30, 2023. Additionally, Greenle Partners LLC, the company's second largest shareholder, has agreed to waive all registration rights on all prior share issuances for a minimum of 12 months.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 12:02 pm

CHTR

DIS

Charter Communications has announced that Disney declined the company's proposal for a distribution deal and pulled its video channels from Charter's video customers on August 31.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 11:47 am

AMD

NVDA

SSNLF

Nvidia Corp (NVDA) is expected to get relief from supply chain pressure as Samsung Electronics Co (SSNLF) has reportedly won the contract to supply advanced memory chips to Nvidia. This development could lead to improved cost-efficiency, enhanced performance, and a more consistent supply chain for Nvidia. Citigroup analysts have raised their price target for Samsung, reflecting the positive outlook on Samsung's trajectory as a critical supplier for Nvidia's memory requirements.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 11:19 am

BKNG

Booking Holdings is reportedly set to announce a 5-year renewal of its flight deal with ETraveli, according to a source. The deal is expected to strengthen Booking's position in the travel industry.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:50 am

BTCUSD

GOOGL

Google (NASDAQ:GOOGL) has announced a 7-year strategic partnership with the government of El Salvador to expand its Cloud operations into the country. This marks the first time a Latin American government is leveraging cloud technology. El Salvador is the only nation to fully legalize Bitcoin (CRYPTO: BTC) as legal tender. The country has been actively embracing the crypto industry, granting a license to the cryptocurrency exchange Binance on August 8.

Portfolio Pulse from Mehab Qureshi

September 01, 2023 | 10:30 am

AVGO

VMW

VMware Inc reported a 2% Y/Y increase in Q2 FY24 revenue to $3.41 billion, missing the consensus of $3.46 billion. Subscription and SaaS revenue increased 34% Y/Y to $1.26 billion. The company expects its transaction with Broadcom Inc. to be completed on October 30, 2023. VMW shares closed higher by 1.25% at $168.78 on Thursday.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 10:13 am

SGHC

Super Group (SGHC) Limited, the parent company of Betway, announced that Betway has become the Official Global Betting Partner of Arsenal men's team. This multi-year agreement adds to Betway's football portfolio, which includes deals with West Ham, Brighton, and clubs in La Liga and the Bundesliga. Betway also has sponsorships in the NBA, NHL, Tennis, Cricket and Horse Racing.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:06 am