Streetbeat News

Partnerships

CMC

HAL

MORN

SIG

Insiders at Signet Jewelers (SIG), Halliburton (HAL), Morningstar (MORN), and Commercial Metals (CMC) have recently sold significant amounts of shares. Signet Jewelers lowered its FY24 guidance below consensus, Halliburton plans to sign a long-term strategic pact with Var Energi ASA for drilling services, Morningstar reported lower Q1 EPS year over year, and UBS initiated coverage on Commercial Metals with a Buy rating and a price target of $63.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 12:21 pm

IBM

TFC

Truist Financial Corp (TFC) and IBM have announced a collaboration to explore the application of quantum computing in the banking industry. Truist will join the IBM Quantum Accelerator program and IBM will become a Truist Innovator in Residence. The collaboration aims to develop Truist's internal expertise in quantum computing and explore how the technology could benefit their use cases in consumer banking.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:14 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has partnered with Vebu to develop Autocado, a cobotic prototype for processing avocados. The prototype is currently being tested at the Chipotle Cultivate Center in Irvine, California.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:08 pm

DPZ

UBER

Domino's Pizza Inc (DPZ) shares are surging after the company entered a new global agreement with Uber Technologies Inc (UBER). The agreement allows U.S. customers to order Domino's products through the Uber Eats and Postmates apps, with deliveries made by Domino's drivers. The initial U.S. rollout will begin this fall in four pilot markets, with a nationwide program expected by the end of 2023. Uber Eats will be the exclusive third-party platform for Domino's in the U.S. until at least 2024.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 12:01 pm

AZN

LianBio has announced a clinical supply agreement with AstraZeneca in China to evaluate BBP-398 in combination with Osimertinib for patients with non-small cell lung cancer with EGFR mutations.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:01 pm

EWQ

ZTS

France has chosen Germany's Boehringer Ingelheim over Zoetis for bird flu vaccines, according to Reuters. This decision could potentially impact the stock performance of both companies.

Portfolio Pulse from Charles Gross

July 12, 2023 | 11:45 am

DTE

DTE Energy has announced a settlement agreement with over two dozen organizations from across Michigan regarding the company's Cleanvision Integrated Resource Plan. The agreement will end the company's use of coal by 2032 and will see an investment of $11 billion into clean energy transition over the next 10 years in Michigan.

Portfolio Pulse from Charles Gross

July 12, 2023 | 11:40 am

DPZ

Domino's Pizza has announced that its US customers will now be able to order its products through Uber Eats and Postmates apps. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:38 am

CSSE

Redbox and Crackle Connex have announced that TikTok will be featured on approximately 3,000 Redbox video screens on top of kiosks nationwide.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 11:35 am

FXI

China's Premier has met with major internet companies and has vowed to provide more support. The specific companies involved in the meeting were not mentioned in the article.

Portfolio Pulse from Charles Gross

July 12, 2023 | 11:24 am