Streetbeat News

Partnerships

TGL

VCIG

Treasure Global Inc (TGL) and VCI Global Limited (VCIG) have entered into a collaboration agreement to develop an AI-powered travel platform for travelers in Malaysia. The platform will function as a portable concierge app, providing real-time travel recommendations. TGL will produce the software platform and provide maintenance, with VCIG paying a service fee of $1 million. The profits will be shared on a 50:50 basis. TGL shares are currently trading lower by 2.05%.

Portfolio Pulse from Shivani Kumaresan

July 19, 2023 | 3:40 pm

SABR

Hyatt Hotels Corporation (H) has announced a new technology agreement with Sabre Corporation (SABR). Under this agreement, Sabre's SynXis Central Reservation System will become the main Central Reservation System (CRS) for Hyatt hotels beginning in 2024. This integration will enhance Hyatt's reservation capabilities, streamline its operations, and deliver a seamless and efficient experience for guests, including a faster search and booking process.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 3:04 pm

META

MSFT

Microsoft Corp (NASDAQ:MSFT) has launched a new AI service, Copilot, with higher-than-expected pricing, which Morgan Stanley believes offers a compelling value proposition to customers. Analyst Keith Weiss maintains an Overweight rating and a price target of $415 on the stock. Microsoft has also expanded its partnership with Meta Platforms Inc (NASDAQ:META) for the Llama 2 family of LLMs on Azure and Windows.

Portfolio Pulse from Priya Nigam

July 19, 2023 | 2:29 pm

AAPL

Unity Software Inc (NYSE:U) shares are trading higher following the launch of a beta program for visionOS, an operating system for the Apple Vision Pro headset. The company had previously announced a collaboration with Apple Inc (NASDAQ:AAPL) for the headset. Unity's apps and games will run natively on Apple Vision Pro, taking full advantage of its features.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 2:26 pm

STZ

Constellation Brands has entered a cooperation and information sharing agreement with Elliott Management, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:20 pm

SONY

David Daxsen, a successful music producer and founder of Daxsen Music Group, shared his insights on generating income in the music industry. His company has collaborated with major companies such as Sony Music Entertainment, Warner Music Group, and Universal Music Group. Daxsen outlined three primary paths to generate income as a music producer: royalties from copyrights, work for hire, and mechanical royalties.

Portfolio Pulse from Franca Quarneti

July 19, 2023 | 2:10 pm

CRM

IHRT

iHeartMedia and LinkedIn have announced a strategic partnership to leverage their respective capabilities and introduce new offerings to the business podcast space. The partnership will include co-production of new professional podcasts, collaborations with existing leading industry shows, and enhanced resources for emerging voices. All podcasts on the LinkedIn Podcast Network will be distributed through iHeartPodcasts, on the iHeartRadio app, LinkedIn Newsletters, and all major podcast platforms.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:01 pm

ATVI

MSFT

NVDA

SONY

Microsoft and Activision Blizzard have extended their $69 billion takeover deal to October 18. The agreement includes an increase in the termination fee payable to Activision Blizzard and amendments to Activision Blizzard's commercial Xbox arrangements with Microsoft. The deal also allows Activision Blizzard to declare and pay one regular cash dividend for FY23. Activision reported Q2 revenue growth of 34.2% YoY to $2.21 billion, missing the consensus of $2.37 billion. Microsoft has also made deals with Nvidia and Sony to counter opposition against the merger.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 1:45 pm

JXJT

JX Luxventure Limited (NASDAQ:JXJT) has announced a $1M agreement with Tianjin Baixing Pharmaceutical Wholesale Co., Ltd. to develop a medical ERP management platform incorporating ChatGPT type technology. The company has been exploring the use of artificial intelligence in its service project industry chain and believes this product will improve operational efficiency, service delivery, and simplify business processes.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:38 pm

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DBCCF

GLASF

HITI

ITHUF

MMNFF

SMG

UNRV

The article reports on recent leadership changes in the US cannabis industry. The Cannabis Regulators Association (CANNRA) has announced new leadership and expanded membership. Maryland Governor Wes Moore has made key appointments to two new cannabis-related agencies. Minnesota is preparing for marijuana legalization with the appointment of a new director for its regulatory agency. The Arkansas Medical Marijuana Commission has a new member. There have been board changes at Decibel Cannabis Company, High Tide Inc., Cresco Labs, Glass House Brands, and Craftport Cannabis Corp. Scotts Miracle-Gro Company has appointed a new board member. Unrivaled Brands, iAnthus Capital Holdings, PharmaCielo, and MedMen Enterprises have also made key appointments.

Portfolio Pulse from Jelena Martinovic

July 19, 2023 | 1:29 pm