Streetbeat News

Partnerships

AKBA

Akebia Therapeutics' stock rises following a new multi-year commercial contract with a major kidney care provider, enhancing access to its drug Vafseo for dialysis patients.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:34 pm

APO

ARM

SFTBY

Apollo and SoftBank discussed creating a $20 billion fund to invest in AI-related infrastructure like data centers and chip factories. Talks have cooled, but the venture could involve Arm, a SoftBank-owned chip company. SoftBank's CEO is focused on AI, aiming to compete with Nvidia.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:33 pm

HYZN

Hyzon Motors Inc. (NASDAQ:HYZN) shares surged after announcing a purchase agreement with GreenWaste for 12 hydrogen-powered refuse trucks. This deal, contingent on meeting specific terms, marks GreenWaste as the first in North America to operate such vehicles. Hyzon's recent production start of its 200kW Fuel Cell System and partnership with New Way Trucks are key developments.

Portfolio Pulse from Vaishali Prayag

October 22, 2024 | 4:32 pm

SATX

SatixFy Communications' shares rose following a $9 million software development and license agreement with MDA Space to enhance digital payload systems for LEO satellite constellations.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:31 pm

BELT

CMG

IEDI

Chipotle Mexican Grill, Inc. (NYSE:CMG) is implementing an AI-enhanced hiring platform across its 3,500 locations, reducing recruitment time by 75%. The platform, developed in partnership with Paradox, aims to streamline hiring processes, reduce costs, and improve candidate experience. This move supports Chipotle's expansion goals in North America.

Portfolio Pulse from Lekha Gupta

October 22, 2024 | 4:27 pm

SPOT

TTD

Spotify is launching an ad exchange called Spotify Ad Exchange (SAX) to enhance its automated ad offerings, starting with video ads. The first DSP partner is The Trade Desk, focusing on North American clients. This move aims to capture more ad revenue and compete with larger platforms like Meta and Google.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:12 pm

CORZ

Core Scientific's shares rose as the company expanded its HPC hosting capacity. CoreWeave exercised its final contract option for an additional 120 MW, leading to a total contracted infrastructure of 500 MW. This expansion could generate $8.7 billion in revenue over 12 years.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:41 pm

BA

GE

GE Aerospace CEO Culp expressed hope that Boeing workers will ratify a new labor agreement, allowing operations to resume smoothly. He praised Kelly Ortberg as an excellent choice for Boeing's CEO and emphasized GE's support for Ortberg and Boeing during this labor situation.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:35 pm

GE

GE Aerospace is ramping up production to meet the demand for new Leap engine deliveries and aftermarket needs. The company is working to keep pace with Airbus' production plan of 75 jets per month and expects certification of upgraded turbine blades for LEAP-1A engines soon. The ramp rate for 777x engines will depend on Boeing's requirements.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:34 pm

IVW

META

XLC

Meta's smart glasses, developed in partnership with Ray-Ban, have become the top-selling product in 60% of Ray-Ban stores across EMEA, despite lacking advanced AI features due to regulatory delays. The glasses' success has bolstered Meta's confidence in its hardware and XR roadmap, contributing to a stock price increase of over 83% in the last year.

Portfolio Pulse from Anusuya Lahiri

October 22, 2024 | 3:21 pm