Streetbeat News

Partnerships

FL

NKE

Foot Locker's executive has stated that while their reset with Nike continues to impact the overall business, they are seeing stronger results in their Nike and Jordan basketball business.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 2:17 pm

NKE

Nike Inc. (NYSE:NKE) is relaunching the 'Kobe Brand' in partnership with the University of Kentucky, marking the first 'Mamba Program' within the NCAA. However, Nike's shares are experiencing a downturn due to concerns over China's slow consumer rebound and excessive merchandise inventories. The company is also set to release a new Air Max 1 colorway named 'Familia' in tribute to Día de Muertos, a Mexican holiday.

Portfolio Pulse from Mohit Manghnani

August 23, 2023 | 2:12 pm

HUM

Humana Inc. (NYSE:HUM) and Interwell Health have announced a new value-based care agreement for Humana Medicare Advantage HMO and PPO members living with chronic kidney disease (CKD) and end-stage kidney disease (ESKD). The agreement, which covers 13 states, provides access to Interwell's comprehensive care and specialized resources, including 1,700 network nephrologists, renal care coordinators, and in-home virtual support. The collaboration aims to improve patient health outcomes and quality of life while lowering the total cost of care.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 2:02 pm

CTLT

NVO

TMO

Novo Nordisk (NVO) has enlisted Thermo Fisher Scientific (TMO) as a second contract manufacturer for its weight-loss drug, Wegovy. This move comes after production challenges at Novo Nordisk's factory in Brussels, managed by its first contract manufacturer, Catalent (CTLT). The drug's popularity in the US has prompted the company to meet the soaring demand proactively. NVO stock is up 1.54% and TMO shares are up 3.65%.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 1:37 pm

GM

GOOGL

General Motors (GM) and Google (GOOGL) have been approved to introduce self-driving taxis in the Bay Area via Waymo, a self-driving technology firm. The service, Waymo One, has expanded from Phoenix to San Francisco and soon Los Angeles. Waymo reports no recorded injuries and only two collisions in one million miles of rider-only operations on public highways, mostly caused by other drivers. However, a recent malfunction of an autonomous vehicle caused a traffic jam in San Francisco.

Portfolio Pulse from Thrash Capital

August 23, 2023 | 1:35 pm

MSFT

VCIG

VCI Global Limited (NASDAQ:VCIG) has partnered with Microsoft Corporation's (NASDAQ:MSFT) Azure Open AI platform to enhance its AI consulting capabilities. The collaboration will allow VCIG to utilize Microsoft Azure OpenAI's advanced AI technology for its current and new projects, including the robosale software. The news has led to a 39.2% increase in VCIG's premarket shares.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2023 | 1:30 pm

BNRG

Brenmiller Energy is planning to increase its sales across Europe through a new joint venture with Green Enesys and Viridi. Brenmiller will retain all of its intellectual property and will manufacture all bGen modules for the JV's projects.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:30 pm

SHOP

SOLUSD

Solana Pay, a decentralized payment protocol built on Solana by Solana Labs, has been integrated with Shopify, providing millions of businesses with a new payment option. Solana Pay eliminates bank fees, chargebacks, and holding times, enabling immediate, direct payment settlement of USD stablecoins compatible with Solana. Several brands active on Solana, including MonkeDAO, MadLads, Helius, and Solana's merch store, have committed to making Solana Pay a payment option in their Shopify-powered storefronts.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 1:13 pm

EXFY

Expensify, Inc. (NASDAQ:EXFY) has announced a new revenue share program for its accounting partners. Starting in September 2023, all registered partners will receive a 0.5% revenue share on every client's Expensify Card purchases, in addition to the existing 1% to 2% cash back reward. The revenue share payments will be sent via Expensify's Bill Pay feature.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 1:09 pm

GLDD

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has been awarded the Port Arthur LNG Phase 1 project Marine Dredging and Disposal contract by Bechtel Energy, Inc., in partnership with Sempra Infrastructure. The project involves dredging the Port Arthur LNG Berthing Pocket on the Port Arthur Ship Canal and using the dredged materials to restore and enhance local marshlands. The project is expected to start later this year.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 1:08 pm