Streetbeat News

Partnerships

CAE

ERJ

Embraer SA (ERJ) and CAE Inc (CAE) have expanded their joint venture deal for pilot and cabin crew training for the E-Jet E2 family of commercial aircraft. The companies plan to launch a new pilot training program and deploy an E-Jet E2 full-flight simulator in Singapore by December 2023. This comes after ERJ reported a 27% Y/Y increase in Q2 FY23 revenue, beating consensus estimates.

Portfolio Pulse from Lekha Gupta

August 30, 2023 | 9:40 am

GS

Goldman Sachs (NYSE:GS) has used a fund created with the China Investment Corporation (CIC) to acquire several US and UK companies. The acquisitions were made using a $2.5 billion private equity 'partnership fund' established in 2017 with the Chinese sovereign wealth fund. The acquired companies include a supply chain tracking start-up, a cloud computing consultancy, a drug testing company, and a manufacturer of systems used in AI, drones, and electric vehicle batteries.

Portfolio Pulse from Benzinga Neuro

August 30, 2023 | 9:17 am

NVDA

TSLA

Tesla has activated a 10,000-unit Nvidia H100 GPU cluster to accelerate the training of its full self-driving technology. Elon Musk revealed that the H100 is approximately three times faster than the A100 in Tesla's tests. This move aligns with Tesla's focus on enhancing its AI capabilities. Tesla's in-house supercomputer, Dojo, combined with Nvidia chips, aims to achieve advanced computational capabilities. Nvidia is reportedly planning to triple the production of its H100 AI processor for 2024.

Portfolio Pulse from Shanthi Rexaline

August 30, 2023 | 7:46 am

MGNI

Magnite, Inc. (MGNI) has been selected as the preferred supply-side platform (SSP) to support Virgin Media's free ad-supported streaming TV channels. This partnership will allow Virgin Media to monetize its inventory more effectively.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 7:23 am

CLF

Cleveland-Cliffs and United Steelworkers have reached a tentative labor agreement for Northshore Mining operations. The details of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 6:57 am

CAE

ERJ

Embraer (ERJ) and CAE have strengthened their partnership to expand the global training network for E-Jet E2 aircraft. The collaboration aims to provide comprehensive training solutions for pilots, cabin crew, and maintenance technicians.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 6:42 am

GOOG

GOOGL

WMT

Ark Investment Management is optimistic about Walmart's new partnerships for drone deliveries, including a partnership with Alphabet's drone delivery venture Wing. Walmart has completed over 10,000 drone deliveries across seven states and 36 stores in the U.S., surpassing Amazon's 100 drone deliveries. Ark believes that removing the beyond line-of-sight requirement for drone operation could disrupt high ground delivery fees. Drones could deliver packages for far less than humans if the FAA relaxed regulations.

Portfolio Pulse from Anan Ashraf

August 30, 2023 | 5:21 am

AAPL

Martin Scorsese's film 'Killers of the Flower Moon' will be globally released on Apple TV+ on October 20, 2023, bypassing its limited theatrical run. This decision was made in collaboration with Apple Inc. and Paramount. The film will be available for streaming on Apple TV+, a service that costs $6.99 per month or is available via any tier of Apple One. This move is part of Apple's strategic decisions to expand its reach.

Portfolio Pulse from Benzinga Neuro

August 30, 2023 | 3:22 am

USDCUSD

Circle has partnered with Mercado Pago to introduce the USDC stablecoin to Chilean customers. This move is significant due to Chile's economic challenges and rising inflation. The USDC stablecoin is seen as a reliable means to preserve wealth and offers a digital asset equivalent to the US dollar's value. Circle is using its $1 billion in cash reserves to navigate the changing market dynamics. However, the supply of Circle’s USDC stablecoin has declined this year, from a market capitalization of $42 billion in January to its current $25.9 billion.

Portfolio Pulse from Murtuza Merchant

August 29, 2023 | 9:25 pm

IBM

Fujifilm has started production of a high-density tape cartridge for use with IBM's latest enterprise tape drive, the TS1170. This development is expected to enhance data storage capabilities.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 9:04 pm