Streetbeat News

Partnerships

UPWK

Upwork Inc (NASDAQ:UPWK) has partnered with AI research and deployment company OpenAI to provide OpenAI Experts on Upwork. The initiative will offer OpenAI customers and other businesses direct access to independent professionals experienced in working with OpenAI technologies. The program will also draw from the 250 unique AI skills available on Upwork, including GPT-4, Whisper, and AI model integration.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 3:59 pm

ALLR

Allarity Therapeutics Inc (NASDAQ:ALLR) and Detsamma Investments Pty Ltd have entered a Clinical Collaboration Agreement. Under this agreement, Allarity will support FivepHusion's future clinical development of Deflexifol for solid tumors. FivepHusion will receive a first option to negotiate and obtain from Allarity a global, exclusive license to use and commercialize the DRP-5FU CDx through Phase 3 registration trials, regulatory approval, and market. Financial terms of the collaboration are not disclosed.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 3:55 pm

AAPL

DIS

Apple is rumored to be in talks with Disney for a partnership with ESPN to bring sports content directly to consumers. This move could accelerate Apple's entry into sports content for its Apple TV app. Disney CEO Bob Iger, a former Apple board member, could be a key player in the deal. The partnership could see ESPN content available on Apple devices as early as 2025. The financial aspect of the partnership is not expected to be an issue, with Disney potentially requiring around $5 billion for a 10% stake in ESPN.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:44 pm

GM

HMC

STLA

TSLA

VWAGY

XPEV

Last week, Tesla Inc (TSLA) initiated discussions about constructing a factory in India. Volkswagen AG (VWAGY) formed a partnership with Chinese EV rival, XPeng (XPEV), investing approximately $700 million for a 4.99% stake. Stellantis (STLA), General Motors (GM), and Honda (HMC) are collaborating to establish EV charging services across the US. Volkswagen's EV growth has been slower than expected, with BEV sales growing only 26% YoY. However, the company is taking steps to strengthen its position in China.

Portfolio Pulse from Upwallstreet

July 31, 2023 | 3:24 pm

NEE

STLD

Steel Dynamics, Inc. (NASDAQ:STLD) has signed a Renewable Product Purchase Agreement with a subsidiary of NextEra Energy Resources, LLC for 308 megawatts of energy from a new wind farm project in Texas. This is the largest agreement of its kind for the steel industry in North America. The project is expected to produce 1.1 million MWh of electricity annually, surpassing Steel Dynamics' 2025 goal of 10% renewable electricity. The wind energy center is expected to be operational by the end of 2024.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:04 pm

EWY

IZEA

IZEA Worldwide, Inc. (NASDAQ:IZEA) has announced its expansion into the South Korean market, following a successful launch in China in 2022. The company, a leading provider of influencer marketing technology, data, and services, will be led in South Korea by Senior Client Partner Seunghun (Edward) Choi. IZEA expects to leverage brand and agency relationships in Korea to drive growth through expanded partnerships.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:04 pm

XPEV

XPeng Inc - ADR (NYSE:XPEV) shares dropped by 13.7% after UBS downgraded the stock from Buy to Neutral. This follows a 57% rally last week when XPeng announced a strategic partnership with the Volkswagen Group. Volkswagen will purchase 4.99% of XPENG's outstanding shares at $15 per share, totaling approximately $700 million. The two companies will jointly develop two B-class battery electric vehicles for sale in China under the Volkswagen brand.

Portfolio Pulse from Henry Khederian

July 31, 2023 | 3:00 pm

JBHT

NKLA

Nikola Corporation (NASDAQ:NKLA) has announced an agreement with J.B. Hunt Transport, Inc. (NASDAQ:JBHT) for the purchase of 13 Nikola zero-emission Class 8 EV trucks. The order includes 10 battery-electric and three hydrogen fuel cell vehicles, with the first deliveries expected in August. Following the announcement, NKLA shares rose by over 20% on heavy trading volume. Nikola will release its Q2 financial results on Friday.

Portfolio Pulse from Erica Kollmann

July 31, 2023 | 2:48 pm

NGMS

NeoGames S.A. (NASDAQ:NGMS), a provider of iLottery and iGaming solutions, has announced a four-year deal with the Lotteries Entertainment Innovation Alliance AS (LEIA) to expand its reach in Europe. The agreement will allow NeoGames to supply content to all lotteries in Scandinavia and France. However, NGMS shares traded lower by 0.59% at $27.16 on the last check Monday.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 2:26 pm

FB

Zefr has expanded its AI-powered brand suitability verification solution for Instagram Feed, providing marketers with more transparency into their Meta campaigns. The solution measures GARM brand safety and suitability across Instagram and Facebook Feed placements. The verification solution will now be available in more global territories, supporting advertisers in English, Spanish, French, Arabic, Chinese and Portuguese speaking countries. Advertisers will have full access to their Instagram Feed measurement via their Atrium dashboard, which provides full transparency across platforms including Meta, TikTok and YouTube.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 2:05 pm