Streetbeat News

Partnerships

ARGGY

LCID

TSLA

WKSP

Lucid Group Inc (NASDAQ:LCID) missed its Q2 delivery estimates, delivering 1,404 vehicles, below the expected 1,873. Tesla Inc (NASDAQ:TSLA) is struggling with bloated inventory, leading to discounted EV prices. Worksport Ltd (NASDAQ:WKSP) announced substantial orders for its solar powered tonneau cover SOLIS and remote battery storage system COR. Ford Motor (NYSE:GM) and General Motors (NYSE:GM) are also struggling with EV sales. Aston Martin Lagonda Global Holdings (OTC:ARGGY) signed a long-term strategic technology partnership deal with Lucid.

Portfolio Pulse from Upwallstreet

July 13, 2023 | 2:14 pm

ADBE

AMZN

GOOG

HYMTF

MDT

META

PEP

SONY

TSLA

VSAT

XOM

Several companies have made significant announcements. Meta Platforms is preparing to launch a commercial version of its AI model, competing with Microsoft and Alphabet. Viasat shares dropped after an unexpected event during satellite deployment. The UK's CMA is investigating Adobe's $20B acquisition of Figma. PepsiCo reported better than expected Q2 earnings. Exxon Mobil is acquiring Denbury for $4.9B. Hyundai's Kia is investing $200M in a Georgia facility. Medtronic is facing a whistleblower lawsuit alleging a bribery scheme. The FDA is reviewing an energy drink founded by YouTube stars. Google is launching its AI chatbot, Bard, in Europe and Brazil. The NLRB filed a complaint against Amazon. Tesla plans to sell a $1,670 electric quad bike for children in China. JD.com is developing AI applications. Carlyle Group and Trustar Capital plan to exit part of their stakes in McDonald's China. Sony is ramping up R&D spending in its game business.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 2:10 pm

AMD

MSFT

NVDA

Edgewater Research has issued a negative call on AMD, stating that Microsoft is delaying the deployment of AMD's M1300 due to performance issues. This situation is seen as beneficial for Nvidia.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:36 pm

AMTD

HKD

AMTD IDEA Group (NYSE:AMTD) and AMTD Digital Inc. (NYSE:HKD), subsidiaries of AMTD Group Inc., in partnership with L'Officiel Inc. SAS, are launching 'LA REVUE DES MONTRES' in Asia. This marks a significant milestone for AMTD Group in the global media coverage of the luxury watch industry. The magazine will deliver content through digital and social media platforms and distribute print editions across Asia. The launch is part of AMTD's strategy to expand its footprint in the watch industry and strengthen its presence in Asia.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:28 pm

WBA

Walgreens and Freenome have announced a multi-year relationship to advance clinical studies of Freenome's blood-based tests for early detection of cancer. The partnership will initially recruit patients across diverse populations for Freenome's Sanderson Study.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:27 pm

DSX

Diana Shipping has announced a time charter contract with Cobelfret. The gross charter rate is set at $12,650 per day, minus a 5% commission to third parties. The contract is set to last until at least November 1, 2024, and at most until January 15, 2025.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 1:23 pm

TFII

TForce Freight, a subsidiary of TFI International Inc. (TSX:TFII), has reached a tentative agreement with the US International Brotherhood of Teamster Union for a new five-year Collective Bargaining Agreement. The agreement is subject to ratification by the employees, which is expected to occur soon.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:14 pm

BYDDF

BYDDY

Chinese electric vehicle maker BYD Co Ltd, backed by Warren Buffett, has unveiled BYD World, a metaverse showroom developed with California-based metaverse company MeetKai. The platform allows potential buyers to interact virtually with the BYD brand and its products. Currently available in Ecuador and Chile, it will be expanded to all Latin American countries in a few weeks.

Portfolio Pulse from Anan Ashraf

July 13, 2023 | 1:11 pm

GTLB

Cloudfresh has achieved GitLab Select Channel and Professional Services Partner statuses, aiming to invest in GitLab expertise, drive product growth and revenues, and develop and implement professional services. This partnership, which started at the end of 2022, provides Cloudfresh with opportunities in the DevSecOps sector.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 1:07 pm

CLIR

ClearSign Technologies Corporation's partner, Narion, has been awarded a $250,000 phase one SBIR grant from the Department of Energy to develop a technology utilizing ClearSign's sensor. This technology will enable the efficient and complete combustion of flared waste gas, reducing greenhouse gas emissions and the carbon emissions of flaring systems.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:01 pm