Streetbeat News

Partnerships

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) has introduced Autocado, a co-robotic prototype developed in collaboration with Vebu, aimed at streamlining the avocado processing procedure. The device could reduce guacamole prep time by 50% and increase avocado fruit yield, potentially leading to significant annual food cost savings. The prototype is currently being tested at the Chipotle Cultivate Center in Irvine, California.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 2:17 pm

ATVI

AVGO

BRK-A

COIN

COTY

DIS

DPZ

GOOG

HYMTF

IBM

MSFT

NVO

TAK

Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it. Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. CVS's Caremark business experienced a halt in prescription processing. Ark Invest sold 135,152 shares of Coinbase Global Inc. Faraday Future Intelligent Electric flagged errors in its previously issued financial statements. The European Commission has fined Illumina Inc and Grail Inc for implementing their proposed merger before approval. Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal. Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc. Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine. Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters. Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard. IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service. Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials. Microsoft Corp has revealed that a China-based hacking group, Storm-0558, breached email accounts linked to government agencies in Western Europe. Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:48 pm

SABR

Sabre Corporation (SABR) and HRS Crew & Passenger Solutions have signed a deal to provide advanced automation support for disrupted airline passengers. The new self-service options will expedite lodging, meals, transportation, and passenger reimbursement for disruption-related expenses. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:28 pm

PBTS

Powerbridge Technologies' subsidiary, Aledu, has partnered with a client to integrate an AI-engineered reading app that leverages AI and ChatGPT. This partnership could potentially enhance the client's user experience and increase their market share.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:11 pm

MSFT

KPMG plans to invest $2 billion in AI and cloud services over the next five years, as part of an expanded partnership with Microsoft. The investment is expected to generate over $12 billion in revenue, approximately 7% of KPMG's global revenue. The partnership includes early access to Microsoft 365 Copilot, an AI assistant, and use of Microsoft's Azure cloud platform. The investment aims to automate aspects of KPMG's tax, audit, and consulting services, and assist more companies in integrating AI into their operations.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:10 pm

UPST

Arbor Financial Credit Union has chosen Upstart for its personal lending services. The terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:06 pm

ROKU

Roku (NASDAQ:ROKU) and FreeWheel have announced a strategic partnership to develop industry solutions aimed at unlocking the full value of streaming TV for advertisers and publishers. The collaboration will introduce new technological offerings to simplify, optimize, and enhance TV streaming. Key features include streamlined integration, seamless data targeting, and inventory quality. The partnership comes at a critical time in TV streaming's evolution, with time spent on streaming TV surpassing broadcast and cable for the first time in 2022.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:03 pm

CETY

Clean Energy Technologies (CETY) has announced a $10M EPC contract with Vermont Renewable Gas for a facility in Lyndonville, Vermont.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:01 pm

GETY

U.S. Soccer has announced a new multi-year joint photography partnership with Getty Images and International Sports Images. The partnership will provide U.S. Soccer with a comprehensive, high-quality photography service for all its events.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:58 pm

GAIN

Gladstone Investment Corporation has announced its support for MSouth Equity Partners' acquisition of Fern Exposition Services. Fern Exposition Services will join forces with Nth Degree.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:53 pm