Streetbeat News

Partnerships

AMD

INTC

QCOM

Schneider Electric has partnered with Intel and Applied Materials to launch the Catalyze program, aimed at decarbonizing the semiconductor value chain. The initiative will focus on energy efficiency, renewable energy, and circular economy solutions.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 4:04 pm

ROKU

SHOP

Roku Inc has formed a partnership with FreeWheel to create a comprehensive solution for advertisers and publishers, aiming to unlock the full potential of streaming TV. Roku has integrated its demand application programming interface (dAPI) into FreeWheel's TV platform to enable this partnership. This collaboration will allow publishers to use Roku platform signals to target audiences and estimate campaign performance. Earlier this week, Roku also announced a partnership with Shopify, enabling viewers to purchase products from Shopify merchants directly on their TVs.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 3:56 pm

GDRX

GoodRx and CVS Caremark have announced the launch of Caremark Cost Saver, a program aimed at reducing pharmacy out-of-pocket drug costs for CVS Caremark clients' members. This news has led to an increase in GoodRx's share price.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:30 pm

GOOG

ROKU

Roku's free streaming app, The Roku Channel, is now available on Google TV and other Android-powered TV platforms. The app, which provides subscription-free TV shows and movies, reached over 100 million people in the US by the end of last year. The Roku Channel is part of the rapidly expanding FAST (free ad-supported streaming television) segment, competing with platforms like Pluto TV, Amazon Freevee, Vizio WatchFree Plus, and Tubi.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:03 pm

KEYS

Keysight Technologies (KEYS) and Skylo have entered into a partnership to accelerate the first certifications of the 3GPP 5G Release 17 non-terrestrial networks standard in the industry. The partnership aims to automate device acceptance, interoperability testing, and certification to save time and enable scalability on demand.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:02 pm

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