Streetbeat News

Partnerships

FXI

SPY

U.S. House Republican lawmakers are investigating the partnership between Ford Motor and China's Contemporary Amperex Technology Co Limited, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 4:21 pm

CORN

SOYB

SPY

VGK

WEAT

The EU envoy to the UN has stated that the EU is open to exploring solutions with the UN that could contribute to the resumption of the Black Sea grain deal, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 4:20 pm

DTST

Data Storage Corporation (DTST) has been awarded a multi-million dollar project to provide cloud storage infrastructure for a leading sports and entertainment company. This has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:17 pm

AAPL

RBLX

Roblox announced that it is releasing native support for Roblox and Roblox Studio on devices powered by Apple Silicon.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 4:05 pm

CVNA

GFAI

GRRR

NKLA

PSQH

Benzinga's Stock Whisper Index has highlighted five stocks that are currently under the radar but warrant attention. These include Carvana Co, which reported strong quarterly results and plans to raise $1 billion through a share offering; Nikola Corp, which is seeing a surge in interest following the announcement of its Hydrogen Hub project acquisition by Fortescue Future Industries; Guardforce AI, which announced a partnership for a new robotic security solution in Singapore; PSQ Holdings, which went public through a SPAC merger; and Gorilla Technology Group, which reported a deal with British Telecom.

Portfolio Pulse from Chris Katje

July 21, 2023 | 3:56 pm

RDHL

RedHill Biopharma Ltd's shares are down after the company announced a registered direct offering of 1.3 million American Depositary Shares (ADS) at $1.35 per ADS. The company also entered into an agreement to exercise its warrants at a reduced price. The gross proceeds from these transactions are expected to be around $3.8 million. Additionally, RedHill's development partner, Apogee Biotechnology, has been awarded a $1.7 million SBIR grant to support research for opaganib.

Portfolio Pulse from Vandana Singh

July 21, 2023 | 3:52 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) has invested in Electric Power Systems (EPS), a company that produces battery technology for aerospace applications. The investment is part of United's strategy to use EPS modules in its current ground operations and potentially in an all-electric flight academy in the future. This is United's second investment in electric battery technology, following an investment in sodium-ion battery-maker Natron. EPS aims to provide a complete battery ecosystem for aviation, including aircraft packs and ground charging stations.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 3:25 pm

AMD

NVDA

TSM

AMD is reportedly exploring alternatives to its production and partner foundries to reduce reliance on TSMC. CEO Lisa Su expressed openness to leveraging TSMC sites outside Taiwan and highlighted the significant opportunity in AI with GPUs. BofA analyst Vivek Arya cut his price target for AMD to $130 from $135, citing pressure from NVDA's full-stack AI platform on AMD data center GPU market share.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 3:14 pm

AAPL

Air India, owned by Tata Group, is exploring potential collaborations with Apple Inc. The airline's CEO, Campbell Wilson, visited Apple's main office in Palo Alto, California. This collaboration may signify a broader strategy for both companies. Apple's recent endeavors in India, such as record-breaking sales at its new retail stores and plans to open three more flagship stores, highlight its growing interest in the Indian market. A Bank of America report suggests that by 2025, India might account for 18% of Apple's global iPhone production. Air India has been seeking to expand its fleet since going private, signing agreements to acquire 470 new planes from Boeing and Airbus last month.

Portfolio Pulse from Benzinga

July 21, 2023 | 2:22 pm

SPY

Ford Motor's partnership with Chinese battery maker Contemporary Amperex Technology Ltd. (CATL) is under scrutiny by Republican lawmakers due to concerns over forced labor in China's Xinjiang region. The lawmakers have demanded more information about the partnership, including Ford's plan to employ several hundred Chinese workers at a new battery factory in Michigan. CATL, the world's largest maker of batteries for electric vehicles, also supplies General Motors, Volkswagen, BMW, Tesla, and other major automakers. Critics have labeled the agreement a 'Trojan horse' for Chinese interests and called for scuttling the partnership.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 2:21 pm