Streetbeat News

Partnerships

AAPL

AMZN

HNHPF

NVDA

Foxconn Industrial Internet (FII), a subsidiary of Hon Hai Precision Industry Co Ltd, will exclusively supply Apple Inc with servers made in Vietnam for training and testing artificial intelligence (AI) services. FII also supplies servers to Amazon Web Services, OpenAI, and Nvidia Corp. Apple is reportedly working on its own AI technology, Apple GPT. Foxconn is expanding its manufacturing capabilities outside China, with investments in India and Vietnam.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 2:00 pm

AAPL

GOOG

GOOGL

China's Ministry of Industry and Information (MIIT) has issued new regulations requiring app developers to either be Chinese or partner with a local publisher, and provide business details and a local address. The order impacts Apple Inc. and Alphabet Inc., which operate the App Store and Google Play Store respectively. Developers have until March 2024 to comply, or face potential removal of their apps from app stores and fines.

Portfolio Pulse from Rounak Jain

August 09, 2023 | 1:34 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares have been trading lower, adding to losses of over 10% in the last week. The company reported Q2 results in line with estimates, issued strong guidance, and announced a $1 billion buyback. Several analysts adjusted price targets on the stock. Palantir also announced a multi-year partnership with Azule Energy.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 1:32 pm

DIS

DKNG

PENN

DraftKings Inc (NASDAQ:DKNG) shares dropped following an exclusive online sports betting deal between PENN Entertainment Inc (NASDAQ:PENN) and ESPN, a Walt Disney Co's (NYSE:DIS) company. The deal gives Penn exclusive rights to the ESPN Bet trademark for online sports betting in the U.S. for an initial 10-year term. Penn also sold 100% of the Barstool Sports common stock back to Dave Portnoy. Despite the initial sell-off, analysts upgraded DraftKings from Underweight to Neutral and raised the price target.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 1:22 pm

CBT

Cabot Corporation (NYSE:CBT) has joined the U.S. Department of Energy's (DOE's) Better Plants program, a voluntary partnership aimed at improving energy efficiency across the U.S. industrial sector. Cabot expects the partnership to help advance its energy efficiency performance and support its goal of achieving net zero emissions by 2050. All of Cabot's U.S.-based manufacturing sites are part of the program. The company has recently exceeded its 2025 global sustainability goal of exporting 200% of the energy it imports.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:16 pm

CCLD

Alternative Integrative Medicine Health (A.I.M. Health) has selected CareCloud's technology-enabled revenue cycle management to enhance patient experience and expand its services. The collaboration will allow A.I.M. Health to enter the primary care market and improve their revenue management processes. CareCloud's solutions will also streamline billing, reduce administrative burdens, and optimize revenue capture for A.I.M. Health.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:12 pm

PFE

The National Comprehensive Cancer Network (NCCN) has announced research funding for biomarker-directed therapy in metastatic colorectal cancer. This initiative is in collaboration with Fight CRC and Pfizer Inc. (PFE).

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:09 pm

AMZN

VLVLY

Eicher Trucks and Buses, a joint venture between Volvo Group (OTC:VLVLY) and Eicher Motors, has signed a deal with Amazon.com Inc (NASDAQ:AMZN) to provide 1,000 electric trucks for Amazon's delivery fleet in India over the next five years. The initiative will start with the deployment of 50 Eicher electric trucks in Delhi, Manesar, and Gurugram. Amazon aims to incorporate 10,000 EVs into their delivery fleet by 2025.

Portfolio Pulse from Shomik Sen Bhattacharjee

August 09, 2023 | 12:52 pm

PENN

PENN Entertainment reported better-than-expected Q2 financial results and announced an exclusive U.S. online sports betting agreement with ESPN. This has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:50 pm

AGEN

SaponiQx has announced successful production of STIMULON cpcQS-21, a cultured plant cell adjuvant with confirmed biochemical comparability to traditional bark extract-derived adjuvant. The company has submitted a Master File for STIMULON cpcQS-21 to the U.S. FDA for reference by partners as part of regulatory submissions. SaponiQx is also collaborating with Ginkgo Bioworks to drive innovation in its adjuvant pipeline through generative molecular design.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:40 pm