Streetbeat News

Partnerships

HAS

MAT

LEGO has secured a $2 million contract from the Department of Defense for its robotics education program. The program allows students to learn about robotics and coding at an early age. While LEGO is privately owned, exposure to the expanding toy industry can be gained through publicly traded companies like Mattel Inc (NASDAQ:MAT) and Hasbro, Inc (NASDAQ:HAS). Mattel’s stock has risen by about 20% in the last month, while Hasbro’s stock has not performed as well.

Portfolio Pulse from Aaron Bry

July 21, 2023 | 7:54 pm

F

Ford Motor Co's (NYSE:F) $3.5 billion battery plant deal with Chinese firm CATL is under investigation by two U.S. House of Representatives committees. The committees are concerned about the potential influence of the Chinese Communist Party over Ford and its implications for U.S. taxpayers. Ford plans to maintain ownership and operation of the plant on U.S. soil, contrasting with competitors that import batteries from China. The committees are also questioning the roles of CATL's Chinese workforce at the Ford plant and CATL's control over entities linked to forced labor allegations.

Portfolio Pulse from Piero Cingari

July 21, 2023 | 7:27 pm

DIS

Major League Baseball (MLB) is reportedly in investment talks with ESPN, according to Bloomberg. The details of the potential deal are not disclosed.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:00 pm

AAPL

DKNG

MGOL

TV

Soccer superstar Lionel Messi has signed with Inter Miami, a Major League Soccer (MLS) team. This move has increased interest in MLS and could significantly impact the value of the Miami-based soccer club. Apple Inc (NASDAQ:AAPL) has exclusive rights to MLS games in a 10-year deal valued at $2.5 billion and is offering Messi a portion of the revenue from all new MLS Season Pass subscriptions sold. The game will also be broadcast on Univision, 45% owned by Grupo Televisa (NYSE:TV). Betting odds at DraftKings Inc (NASDAQ:DKNG) show Inter Miami as the favorite. MGO Global (NASDSAQ:MGOL), the company that runs the Messi Store, reported a big increase in revenue for the first quarter, which ended on March 31, 2023.

Portfolio Pulse from Chris Katje

July 21, 2023 | 6:58 pm

AAPL

AMZN

CMCSA

DIS

FOXA

PARA

WBD

Disney's ESPN is in early talks with the NFL and NBA for potential strategic partnerships as part of its shift towards a streaming model. The NFL is seeking an investment partner for its media assets, while the NBA is open to further discussions about their partnership. Disney and Warner Bros. Discovery hold exclusive rights to negotiate with the NBA until next year. The discussions also include the possibility of a subscription streaming service jointly owned by multiple leagues. However, this could lead to conflicts of interest for the leagues as owning a stake in ESPN might upset Disney’s competitors.

Portfolio Pulse from Piero Cingari

July 21, 2023 | 6:47 pm

MARK

NVDA

Remark Holdings has announced a partnership with NVIDIA Metropolis Ecosystem, as revealed in a tweet featuring Dave Gregory. This news led to a spike in Remark's share prices.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:44 pm

BABA

MA

V

Chinese mobile payment platforms WeChat Pay and Alipay will now accept overseas cards like Visa and Mastercard to facilitate mobile payment for overseas users in China. This move coincides with the full resumption of travel and international business activities in China. Alipay has completed support for overseas users to use mobile payments in China, while Tencent is deepening its collaboration with international card organizations including Visa, Discover Global Network, JCB and Mastercard.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:02 pm

DIS

ESPN, owned by Disney (80%) and Hearst (20%), is in early talks with the NBA and NFL about potential strategic partnerships, which could include the leagues taking an equity stake in the business. The move is part of ESPN's transition to a streaming model. However, the leagues taking a stake in ESPN could lead to conflicts of interest and irritate Disney’s competitors such as Comcast’s NBCUniversal, Fox, Amazon, Paramount Global, and Apple. Major League Baseball and the National Hockey League may also want to be involved in any deal.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 5:39 pm

AMZN

GOOG

META

MSFT

Microsoft Corporation is facing an EU lawsuit filed by German rival Alfaview over the bundling of its Teams app with its Office offerings. This follows a similar complaint by Salesforce in 2020. Microsoft is also deepening its AI partnership with Meta Platforms and has committed to a responsible approach to AI development. The company, along with other tech giants including Meta, Amazon, and Alphabet, has made voluntary commitments to implement measures to make AI safer and more secure.

Portfolio Pulse from Upwallstreet

July 21, 2023 | 5:22 pm

ATOMUSD

The Wormhole Foundation has introduced a new application-specific blockchain (appchain) named Gateway into the Cosmos (CRYPTO: ATOM) ecosystem. The Gateway blockchain aims to simplify the process of introducing tokens to any Cosmos chain and drive liquidity growth in the Cosmos ecosystem. This is the first appchain that facilitates the connection of liquidity and users from over 20 different blockchains to any Cosmos appchain.

Portfolio Pulse from Murtuza Merchant

July 21, 2023 | 5:09 pm