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Partnerships

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Lufthansa Group Airlines has ventured into the world of non-fungible tokens (NFTs) through its loyalty program, Uptrip. The program, developed in partnership with Lufthansa Innovation Hub and Miles & More, allows passengers to convert their boarding passes into NFT trading cards. These NFTs can be securely stored in users' crypto wallets, with Polygon proof-of-stake blockchain protocol. By collecting and combining different collections, passengers can avail of services like airport lounge access, flight upgrades, and award miles.

Portfolio Pulse from Murtuza Merchant

August 31, 2023 | 2:32 pm

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Russian Foreign Minister Lavrov has stated that Russia is ready to resume Ukraine's part of the Black Sea Grain Deal as soon as there are concrete decisions. This could potentially impact the grain market.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:29 pm

WKME

WalkMe Ltd. (NASDAQ:WKME) has entered into a strategic alliance with Deloitte India to drive digital adoption across enterprises in India. Deloitte India has invested in a dedicated team to make technology adoption solutions more broadly available for clients across the region. The partnership aims to help organizations in India reach their digital transformation goals by maximizing technology investments.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:22 pm

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SatixFy Communications announced a $60 million transaction with MDA, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 2:21 pm

Mastercard has ended its partnership with Binance due to regulatory concerns. Both Mastercard and Visa are planning to increase merchant fees for accepting their credit cards. Mastercard's stock recently reached an all-time high of $417, despite facing resistance around the $400 level. The stock's recent breakout could indicate the start of a bullish trend.

Portfolio Pulse from Zaheer Anwari

August 31, 2023 | 2:07 pm

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UBS

Goldman Sachs' fintech unit is under scrutiny by U.S. banking regulators due to compliance and risk issues. Microsoft is unbundling its Teams app from its productivity suite due to an EU antitrust probe. UBS recorded a Q2 profit of $29B, largely due to goodwill, and plans to cut 3K jobs in Switzerland. American Airlines flight attendants have voted to authorize a potential strike. Airbus and Korea Aerospace have partnered for mass production of light armed helicopters. Google's Fitbit is facing GDPR violation complaints in multiple countries. Boeing paused operations in South Carolina due to Hurricane Idalia. Campbell Soup, Signet Jewelers, and UBS reported better than expected earnings, while Dollar General, Hormel Foods, and Polestar Automotive reported worse than expected earnings.

Portfolio Pulse from Vandana Singh

August 31, 2023 | 1:57 pm

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Knightscope, Inc. (NASDAQ:KSCP) has secured a contract to provide seven autonomous security robots to a publicly traded biotechnology company. The robots will be used to patrol and monitor the biotech company's corporate campus, including a 4-story garage, building entrances, open areas, and parking lots. The financial terms of the deal were not disclosed.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 1:39 pm

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Decibel Cannabis Company Inc. (OTCQB:DBCCF) has signed a supply agreement with UK-based 4C LABS, a firm specializing in cannabis-based medicinal products. The 3-year deal will see Decibel provide its premium dried medical cannabis flower, branded as Qwest, exclusively to 4C LABS for distribution to medical cannabis patients in the UK. The partnership is expected to strengthen Decibel's foothold in the UK and European markets.

Portfolio Pulse from Nicolás Jose Rodriguez

August 31, 2023 | 1:33 pm

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Shopify Inc has partnered with Amazon.Com Inc to simplify the shopping process for Amazon Prime members. This collaboration has led to a rise in Shopify's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 1:13 pm

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Governors JB Pritzker of Illinois and Albert Bryan Jr. of the U.S. Virgin Islands, known for their significant contributions to shaping cannabis policy, will speak at the Benzinga Cannabis Capital Conference in Chicago. Pritzker's tenure has seen the legalization of adult-use cannabis in Illinois, with key players like Cresco Labs Inc, Verano Holdings Corp., and Green Thumb Industries contributing to job creation and community revitalization. Bryan Jr. has championed cannabis legalization as a strategy to address post-pandemic financial challenges in the U.S. Virgin Islands.

Portfolio Pulse from Nicolás Jose Rodriguez

August 31, 2023 | 1:04 pm