Streetbeat News

Partnerships

AHI

Advanced Health Intelligence Ltd (AHI) has signed an exclusive, perpetual license agreement with Shanghai-based Changlin Network Technology Ltd. The deal includes an upfront payment of $10 million to AHI, an annual license fee of $5 million, and a 25% revenue share of gross sales. AHI will initially hold a 50% stake in Changlin, which is expected to reduce to 25% but not less than 20% at Changlin's IPO, targeted for 2024. The agreement allows Changlin to commercialize AHI's digital healthcare solutions in China.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:20 am

TBLA

Taboola has partnered with Foursquare to connect native advertising to real-world visitation. This partnership will provide a clear return on ad spend for brands with brick and mortar locations.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:19 am

BYND

KR

Beyond Meat has launched its newest product, the Beyond Stack Burger, at select Kroger stores nationwide. The new product is designed to taste and feel more like beef, tapping into the popularity of smash-style burgers. This follows the recent launch of the new iteration of the Beyond Sausage and the expansion of Beyond Steak.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:17 am

AWON

WTER

The Alkaline Water Company Inc. (NASDAQ:WTER) has announced a new co-packing partnership with A1 Beverages (OTC:AWON) in New York. The partnership aims to support the growth of the Alkaline88® brand in the northeastern region of the United States and reduce outbound shipping costs. A1 Beverages has recently completed a new packaging and bottling production line and plans to further expand capacity in 2024.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:17 am

AMD

TSM

AMD is planning to incorporate TSMC's 3D SoIC (system on integrated circuits) stacking and chiplet packaging technology into its gaming notebook processors. This follows AMD's implementation of the same technology in its high-end AI accelerators and desktop processors.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:14 am

BABA

META

Alibaba Group Holding Limited (BABA) is focusing on unlocking shareholder value through organizational and management restructurings, and AI initiatives, including a collaboration with Meta Platforms Inc (META). However, the stock is trading lower due to concerns about China's economy and the impact of the People's Bank of China's support for the property sector on banking stocks. Alibaba's AI framework, HQTrack, and its 'Model as a Service' platform, ModelScope, are gaining traction. However, concerns about the Chinese economy and regulatory crackdowns on tech companies persist.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:13 am

AMZN

DIS

GOOG

The Board of Control for Cricket in India (BCCI) is encouraging Amazon and Alphabet to participate in a media rights auction for the Indian cricket team's bilateral series games. The auction has been postponed by two weeks to attract more firms. Media companies have shown limited interest due to difficulties in profiting from cricket content amid weak advertising revenues. Ernst & Young expects the sale of rights to 102 matches to fetch at least $750 million. Viacom 18 and Disney, who outbid rivals in the previous IPL auction, are expected to bid for digital media rights to the bilateral series.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:13 am

DXC

T

DXC Technology has signed an agreement to manage AT&T's midrange IT infrastructure, including enterprise compute, storage, backup, and recovery environments. DXC will also provide system, database and storage administration, along with hardware architecture and maintenance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:12 am

GROM

Grom Social Enterprises, Inc. (NASDAQ:GROM) has confirmed that its division, Curiosity Ink Media, has begun production on a new animated preschool series, Hey Fuzzy Yellow!. The series is a co-production by Curiosity Ink Media, Toon2Tango, Treehouse Republic, and Hotel Hungaria Animation, and is expected to start airing in 2025. The series is seen as a launchpad for expansion into a franchise entertainment brand with multiple revenue opportunities.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:12 am

WKHS

Workhorse Group Inc. (WKHS) has expanded its presence in California by adding Western Truck Exchange (WTE) as its latest certified electric vehicle dealer. This move is part of Workhorse's Certified Dealer Program, an initiative to develop a network of verified dealers that can safely repair and maintain the electric components of the company's vehicles. WTE will sell, service, and upfit Workhorse's vehicles, including the W4 CC and W750 models.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:12 am