Streetbeat News

Partnerships

FXI

SPY

US Treasury Secretary Janet Yellen has agreed with Chinese officials to maintain open communication and deepen talks on areas of concern. She also noted that China's technological innovations could be transferable globally to reduce the cost of fighting climate change.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 6:02 pm

SNAP

Snap has announced a partnership with Linktree, a link-in-bio tool, to allow users to include links in their Snapchat profiles. The integration will also allow users to showcase their Snapchat profiles on their Linktree page. Linktree is offering three months of Linktree Pro with this integration. Earlier this year, Snapchat expanded its ad revenue sharing program with eligible creators.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 4:06 pm

RIVN

TSLA

VLVLY

VWAGY

Mercedes-Benz announced it will provide its EV drivers with access to Tesla's superchargers from next year, becoming the first German manufacturer to adopt Tesla's charging plug. Mercedes also plans to build its own charging network of 2,000 hubs by the end of the decade. Meanwhile, Tesla faces regulatory setbacks with the National Highway Traffic Safety Administration reopening an investigation into a design flaw in Tesla's vehicles.

Portfolio Pulse from Upwallstreet

July 10, 2023 | 3:49 pm

NVAX

Novavax has amended its supply agreement with Canada, resulting in Canada paying the company $349.6 million for forfeiting certain doses of its COVID vaccine. This has led to a rise in Novavax's share price.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 3:27 pm

MOB

Mobilicom has received a commercial scale purchase order from Teledyne-FLIR for the production of drones for the U.S. Department of Defense. This has led to a rise in Mobilicom's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 2:37 pm

MOB

TDY

Mobilicom Limited (NASDAQ:MOB) shares are soaring after the company announced a large purchase order from Teledyne-FLIR (NYSE:TDY) for the production of drones for the U.S. Department of Defense (DOD). The order is for Mobilicom's SkyHopper PRO systems, which will be integrated into small-sized drones manufactured for the DOD. Delivery is expected in 2023. The financial terms of the deal were not disclosed.

Portfolio Pulse from Erica Kollmann

July 10, 2023 | 2:35 pm

BABA

BTGOF

GSK

HNHPF

IEP

JNJ

META

NVO

SIVBQ

UBS

Meta's Threads app has reached 100 million users in five days, making it the fastest-growing consumer application in history. Nanobiotix has entered a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica, a unit of Johnson & Johnson, for the investigational radioenhancer NBTXR3. GSK's Arexvy vaccine for respiratory syncytial virus has been approved in the UK for older adults. BT Group's CEO Philip Jansen is stepping down within the next 12 months. Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Vedanta, impacting India's chipmaking plans. General Motors has reduced the starting price for the Cadillac Lyriq by 14% in China. SVB Financial Group is suing the U.S. Federal Deposit Insurance Corporation to recover $1.93 billion. Saudi National Bank's plan to increase its stake in UBS Group's Credit Suisse has been halted by Swiss regulator FINMA. Godrej Aerospace is planning to invest in General Electric's GE414 engine manufacturing operations. Carl Icahn has revised loan agreements and recovery strategy after a short-seller attack led to a 40% drop in Icahn Enterprises' shares. Novo Nordisk's weight-loss medications are under European investigation over suicidal risks. Alibaba's Youku is airing a series focusing on China's semiconductor leadership.

Portfolio Pulse from Vandana Singh

July 10, 2023 | 2:30 pm

GOEV

Canoo Inc (NASDAQ:GOEV) announced an expansion of its partnership with the U.S. Department of Defense's Defense Innovation Unit (DIU). The collaboration involves Canoo delivering an advanced battery pack for use on operational military platforms. Canoo's stock experienced volatility following the announcement, peaking at 66 cents before falling 2.02% to 54 cents.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 2:21 pm

GOOGL

MSFT

Google, a subsidiary of Alphabet Inc., is testing its medical AI chatbot, Med-PaLM 2, at Mayo Clinic. The chatbot can answer questions and summarize documents. It is a variant of the PaLM 2 language model, which also powers Google Bard. Google has trained Med-PaLM 2 on questions and answers from medical licensing exams. Microsoft is also developing an AI chatbot for the healthcare industry.

Portfolio Pulse from Rounak Jain

July 10, 2023 | 2:16 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) has expanded its partnership with the U.S. Department of Defense's Defense Innovation Unit (DIU) to develop a high-power battery pack. This partnership validates Canoo's technological and operational reliability for demanding U.S. government projects. The battery pack will set the standard for energy-dense lithium batteries for the U.S. Navy. Despite this, GOEV shares are trading lower by 2.3%.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 2:12 pm