Streetbeat News

Partnerships

H

SABR

Hyatt Hotels Corp has signed a deal with Sabre Corp to implement technology that will speed up the search and booking process. Sabre's SynXis Central Reservation System will become the primary Central Reservation System for Hyatt hotels from 2024. This will enhance Hyatt's reservation efficiency, simplify operations, and improve guest experience. Hyatt also signed a franchise agreement with JUEL Hospitality Limited to create the 160-room Hyatt Centric Malta in Europe.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 5:07 pm

CORN

SOYB

SPY

VGK

WEAT

Russian President Putin has criticized Western grain deal partners for not intending to implement the renewed grain deal, accusing them of distorting its meaning. He praised Russia for showing 'miracles of tolerance' in renewing the deal.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 4:58 pm

AMD

NVDA

PGTRF

SSNLF

TSM

AMD stock is experiencing volatility following a DigiTimes report that cloud service providers are considering AMD's LLM chip as an alternative to Nvidia's. A separate report suggests AMD is unlikely to transfer 3nm chip orders to Samsung, given its ongoing work with Taiwan Semiconductor Manufacturing Company (TSMC). BofA analyst Vivek Arya has reduced AMD's price target to $130 from $135, citing pressure from Nvidia's full-stack AI platform on AMD's data center GPU market share. AMD CEO Dr. Lisa Su is currently visiting Taiwan, where she is expected to meet with TSMC CEO Dr. C.C. Wei.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 4:42 pm

LOW

Lowe’s Companies Inc (NYSE:LOW) is expanding its same-day delivery service nationwide for orders placed on Lowes.com and the mobile app. The service is in partnership with OneRail and is expected to facilitate fast and convenient delivery. The company began piloting same-day delivery in select markets in 2022. Lowe's shares are currently trading flat at $229.99.

Portfolio Pulse from Shivani Kumaresan

July 19, 2023 | 4:10 pm

AVCO

Avalon GloboCare has announced that Laboratory Services MSO has signed an exclusive Master Service Agreement with GeneX Laboratory Professional Corp. This has led to a rise in Avalon GloboCare's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:09 pm

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

H

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

U

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