Streetbeat News

Partnerships

STLA

Stellantis and Samsung SDI have announced plans to build a second StarPlus Energy Gigafactory in the US, with an initial annual production capacity of 34 GWh.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 5:46 am

EXEL

TEVA

Exelixis has entered into a settlement and license agreement for CABOMETYX patent litigation with Teva Pharmaceuticals Development and Teva Pharmaceuticals USA.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 5:21 am

AAPL

AMZN

DIS

META

MSFT

TSLA

Elon Musk, CEO of Tesla Inc. and SpaceX, has been excluded from key discussions on AI regulations by the Biden administration. Despite Musk's advocacy for responsible AI regulation, his latest venture, xAI, was notably absent from a group of tech giants, including Alphabet Inc., Amazon.com, Inc., Microsoft Corp., and Meta Platforms Inc., that pledged to adhere to voluntary guidelines aimed at mitigating AI-related risks.

Portfolio Pulse from Ananya Gairola

July 22, 2023 | 9:13 am

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

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

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