Streetbeat News

Partnerships

TSLA

Tesla is expected to generate up to $20 billion in revenues from its Supercharger deals with Ford, General Motors, and other automakers, according to Dan Ives of Wedbush. The adoption of Tesla's North American Charging Standard (NACS) by these automakers is set to significantly boost Tesla's revenues. Ives also highlighted Tesla's strong production figures, thriving energy business, continuous improvement in Autopilot and Full Self-Driving, and an unmatched battery ecosystem as contributors to a strong financial sheet for Tesla.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 4:17 pm

CTLT

NVO

Catalent's plant in Bloomington, Indiana, will produce Novo Nordisk's weight-loss drug 'Wegovy', according to sources cited by Reuters.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:48 pm

APLS

ELIQ

FMST

KVUE

VCIG

Benzinga's Stock Whisper Index has highlighted five stocks that warrant attention for the week of Aug. 25, 2023. These include VCI Global Ltd, which has seen shares soar after announcing a partnership with Microsoft Corp for use of the Azure OpenAI platform. Electriq Power Holdings' shares rose over 100% after a SPAC merger. Foremost Lithium Resource & Technology completed an IPO in the U.S. Apellis Pharmaceuticals Inc saw shares jump after an update for its AMD treatment. Kenvue Inc, spun off from Johnson & Johnson, is now a fully independent company and a new component for the S&P 500 Index.

Portfolio Pulse from Chris Katje

August 25, 2023 | 2:48 pm

BLK

BTCUSD

ETHUSD

ARK Invest, led by Cathie Wood, and 21Shares have filed applications for two futures exchange-traded fund (ETF) products focused on Ether (ETH) and Bitcoin (BTC). The proposed ETFs are named ARK 21Shares Active Ethereum Futures ETF (ARKZ) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). The ARKZ ETF will allocate a minimum of 25% of its investments to Ether futures products linked to the ETH cryptocurrency. The ARKY ETF will dedicate at least 25% to combined Ether and Bitcoin futures products.

Portfolio Pulse from Murtuza Merchant

August 25, 2023 | 2:40 pm

MBLY

PSNY

Polestar Automotive Holding UK PLC (PSNY) has partnered with Mobileye Global Inc (MBLY) to integrate autonomous technology into Polestar 4 using the Mobileye Chauffeur AV platform. The technology will offer hands-off and eyes-off autonomous driving on highways. Polestar 4, featuring a Mobileye SuperVision-based advanced driver assistance system, goes on sale in China today and will be available globally in 2024.

Portfolio Pulse from Shivani Kumaresan

August 25, 2023 | 2:29 pm

GTBIF

Former NBA stars Allen Iverson and Al Harrington have launched a new cannabis strain, 'Iverson ’01,' in Philadelphia, in partnership with Harrington’s cannabis brand Viola. The product will be exclusively available at RISE medical marijuana dispensaries, owned by Green Thumb Industries (OTCQX: GTBIF), for the launch and then will appear at other state dispensaries.

Portfolio Pulse from Maureen Meehan

August 25, 2023 | 2:17 pm

CTLT

NVO

TMO

Novo Nordisk's CEO, Lars Fruergaard Jorgensen, expressed confidence in Catalent's ability to rectify its manufacturing issues related to the weight-loss drug Wegovy. Catalent's Brussels facility, responsible for filling Wegovy injection pens, faced multiple U.S. sterile safety standards breaches. Novo Nordisk plans to incorporate a third external facility for the production of Wegovy by 2024. The company also onboarded Thermo Fisher Scientific as its secondary contract manufacturer for the drug.

Portfolio Pulse from Vandana Singh

August 25, 2023 | 1:44 pm

MA

V

Mastercard Inc (MA) and Visa Inc (V) are reassessing their relationships with Binance Holdings due to regulatory concerns. Visa has halted new co-branded card issuances with Binance in Europe, while Mastercard plans to sever ties with Binance in September. This could impact Binance's ambitions in the conventional financial domain.

Portfolio Pulse from Anusuya Lahiri

August 25, 2023 | 1:04 pm

GM

General Motors' joint venture, Ultium Cells, has agreed to raise wages by $3 to $4 per hour at its Ohio battery plant. The agreement with the Union Auto Workers (UAW) will also include back pay for hundreds of workers. Ultium Cells, a partnership between General Motors and LG Energy Solution, produces battery cells for GM's battery fleet. The wage increase follows months of negotiations and a public UAW campaign.

Portfolio Pulse from Shivani Kumaresan

August 25, 2023 | 12:28 pm

BX

O

Realty Income Corporation has signed an agreement with Blackstone Real Estate Income Trust to invest $950 million in Bellagio Las Vegas, valuing the property at $5.1 billion.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:14 pm