Streetbeat News

Partnerships

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

DWAC

LMT

RTX

Conservative political group, Project 2025, is pushing an agenda to reshape the federal government, potentially leading to the firing of up to 50,000 employees. The group, supported by various conservative organizations, is looking towards a potential second term for former President Donald Trump. Project 2025's mandate includes plans to incentivize private defense contractors to partner with the government, potentially benefiting companies like Lockheed Martin Corp and RTX Corp. Digital World Acquisition Corp, linked with Trump’s social media platform, has seen its stock drop by over 10% in the last month.

Portfolio Pulse from Aaron Bry

August 29, 2023 | 8:53 pm

ARKK

COIN

DNA

GOOGL

MARA

RIOT

TSLA

Cathie Wood's ARK ETFs saw a significant surge, with assets under management increasing by $600 million in a single day due to a rally in crypto-related and electric vehicle stocks. The ARK Innovation ETF (ARKK) gained 5.34% and saw its AUM rise by nearly $400 million. The surge was fueled by a court ruling in favor of Grayscale's Bitcoin ETF application and a 7% surge in Bitcoin's value. Crypto-related stocks such as Coinbase (COIN), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) saw double-digit gains. Tesla (TSLA), the largest holding within Wood's Ark funds, experienced a resurgence of 7.3%. Ginkgo Bioworks Holdings (DNA) surged over 24% following the announcement of a partnership with Google Cloud (GOOGL).

Portfolio Pulse from Piero Cingari

August 29, 2023 | 8:52 pm

AIR

AAR Corp (AIR) and Moog Inc. have signed two multi-year commercial agreements. Under these agreements, AAR will distribute Moog products applicable to mature aircraft platforms and reciprocal component repair services will be provided.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:22 pm

DNB

GOOG

GOOGL

Dun & Bradstreet (NYSE:DNB) is collaborating with Google Cloud on generative artificial intelligence (gen AI) initiatives. Dun & Bradstreet will use Google Cloud's gen AI platform, Vertex AI, for customer innovation powered by D&B.AI Labs. The collaboration is part of a 10-year strategic agreement announced in early 2022. Google Cloud's gen AI will also power Dun & Bradstreet's new AI Virtual Agent designed for use in its data-driven software solutions. Additionally, all new Google Play Console organization developer accounts must provide a valid D-U-N-S Number from Dun & Bradstreet before submitting apps.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 7:08 pm