Streetbeat News

Partnerships

ACHR

BA

Wisk Aero, Archer, and Boeing have reached an agreement to settle litigation and enter into a collaboration for autonomous flight. Archer will make Wisk its exclusive provider of autonomy technology for future aircraft variants. Boeing is investing in Archer to support the integration of Wisk's autonomous technology.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:57 pm

ACHR

BA

Wisk Aero, Archer, and Boeing have reached an agreement to settle litigation and enter into a collaboration for autonomous flight. Additionally, Boeing has invested in Archer's latest funding round, though the size of the investment was not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:56 pm

NGMS

NeoGames' subsidiary BtoBet has entered the North American market through a sportsbook agreement with PlayAlberta. The terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:53 pm

BNBUSD

CRVUSD

Binance Labs, a subsidiary of Binance, has invested $5 million in Curve DAO Token (CRV), a utility token that powers the Curve ecosystem. The investment aims to boost the growth of the decentralized finance (DeFi) sector. Curve plans to extend its operations to the BNB Chain, which is expected to significantly enhance the BNB Chain DeFi ecosystem.

Portfolio Pulse from Murtuza Merchant

August 10, 2023 | 7:31 pm

MA

XRPUSD

The Bank for International Settlements (BIS) has launched a new initiative, the Payments Interoperability and Extension (PIE) task force, to improve cross-border transactions. Blockchain-powered payment platform Ripple (CRYPTO: XRP) will participate in the task force, alongside other major entities like Mastercard Inc (NYSE:MA). The task force aims to enhance accessibility to payment systems, extend their operational hours, and establish connections among various payment systems.

Portfolio Pulse from Murtuza Merchant

August 10, 2023 | 7:03 pm

DIS

PENN

Penn Entertainment (NASDAQ:PENN) is partnering with The Walt Disney Company (NYSE:DIS) to launch an ESPN Bet-branded sportsbook in the fall. Penn will license the ESPN Bet trademark for 10 years with a potential extension, rebrand its Barstool Sportsbook to ESPN Bet, and sell 100% of Barstool Sports back to its founder. Penn will pay ESPN $1.5 billion over the initial 10 years and also pay Disney warrants and performance-based warrants. Disney is looking for additional partnerships for ESPN.

Portfolio Pulse from Chris Katje

August 10, 2023 | 6:12 pm

BNBUSD

CAKEUSD

ETHUSD

MATICUSD

Decentralized exchange PancakeSwap (CRYPTO: CAKE) has begun operations on the Ethereum (CRYPTO: ETH) scaling platform Arbitrum (CRYPTO: ARB) to expand its customer base and revenue. PancakeSwap, which already operates on platforms like BNB Chain (CRYPTO: BNB), Ethereum, Polygon zkEVM (CRYPTO: MATIC), and Aptos (CRYPTO: APT) blockchains, aims to offer users reduced transaction fees and faster processing times through Arbitrum. The platform currently manages assets exceeding $1.54 billion.

Portfolio Pulse from Murtuza Merchant

August 10, 2023 | 5:09 pm

SMCI

Susquehanna analyst Mehdi Hosseini has reiterated a Neutral rating on Super Micro Computer, Inc. (SMCI), raising the price target to $300 from $90. The company recently reported better-than-expected Q4 earnings, with net sales of $2.18 billion. About 52% of its Q4 revenue was from AI. The company is also benefiting from strategic partnerships with crucial Cloud/Enterprise solution providers. However, Hosseini warns of looming concerns in a competitive industry.

Portfolio Pulse from Nabaparna Bhattacharya

August 10, 2023 | 5:04 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is expanding its AI and blockchain capabilities through partnerships with Kyndryl and Aptos Labs. The collaboration with Kyndryl will focus on developing AI solutions, while the partnership with Aptos Labs will allow Microsoft's AI models to be trained using verified blockchain data. Microsoft has also addressed six critical security vulnerabilities in its latest update.

Portfolio Pulse from Mohit Manghnani

August 10, 2023 | 4:47 pm

G

Genpact reported better-than-expected Q2 EPS results and announced a partnership with Heubach, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 4:08 pm