Streetbeat News

Partnerships

MZDAY

PCRFY

TSLA

Panasonic Energy, a subsidiary of Panasonic Holdings Corp, plans to build four more factories to boost its annual capacity of batteries for electric vehicles by 2031. The company is open to potential joint ventures for EV battery production, including with automaker Mazda Motor Corp. The company aims to boost annual EV capacity to 200-gigawatt hours (GWh) by early 2031, around four times greater than its capacity in March this year.

Portfolio Pulse from Anusuya Lahiri

July 03, 2023 | 10:40 am

RIVN

Rivian Automotive's VP of software development, Wassym Bensaid, shared his vision for AI-enhanced electric vehicles at the Data+AI Summit. He envisions a future where vehicles self-monitor their health and an AI agent detects potential problems. Rivian uses AI to enhance its battery system and uses the Databricks Lakehouse platform for data, analytics, and AI. However, the company has chosen a human-centric approach for customer support, rejecting the use of automated bots.

Portfolio Pulse from Anan Ashraf

July 03, 2023 | 10:39 am

AAPL

NOK

Nokia Corp (NOK) stock gained after signing a new patent cross-license deal with Apple Inc (AAPL). The terms of the agreement remain confidential. The new agreement will replace the current license expiring at the end of 2023. Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024.

Portfolio Pulse from Anusuya Lahiri

July 03, 2023 | 9:21 am

NXST

A carriage dispute between Nexstar Media Group, Inc (NXST) and AT&T Inc (T), and TPG Inc-owned DirecTV has resulted in over 150 local TV stations going dark, affecting about 10 million customers. Nexstar claims DirecTV rejected their offer to extend the current distribution agreement, while DirecTV accuses Nexstar of forcing programming outages to raise prices.

Portfolio Pulse from Benzinga Newsbot

July 03, 2023 | 7:55 am

NXST

DIRECTV has removed programming provided by Nexstar Media Inc., a subsidiary of Nexstar Media Group, Inc. (NASDAQ:NXST), from its systems due to the failure to reach a new distribution agreement. DIRECTV also rejected Nexstar's offer to extend the current distribution agreement to October 31, 2023. This has resulted in millions of Americans losing access to local news, sports, and entertainment programming.

Portfolio Pulse from Charles Gross

July 02, 2023 | 11:45 pm

BLK

COIN

SAN

SCHW

Several traditional financial institutions have reversed their previous cautious stance on Bitcoin, increasing their exposure to the cryptocurrency. BlackRock, Deutsche Bank, Santander Bank, Citadel Securities, and Societe Generale have all shown interest in offering crypto-related services. This shift comes despite regulatory actions against crypto-centric firms like Coinbase and Binance. Bitcoin's price has increased by nearly 15% over the past two weeks, demonstrating its resilience.

Portfolio Pulse from Murtuza Merchant

July 02, 2023 | 2:17 pm

DOTUSD

VOD

The fourth edition of Polkadot Decoded, a key event in the blockchain ecosystem, concluded with significant discussions and partnerships. The event focused on the concept of 'blockspace,' a resource vital for supporting projects at different growth stages. Notable partnerships included Vodafone and Aventus, with SIM cards linked to the Aventus parachain expected to save the aviation industry up to $400 million annually. OpenZeppelin, a major blockchain security company, plans to facilitate blockspace access, and Mythical Games announced their migration to the Polkadot ecosystem.

Portfolio Pulse from Jose Rodrigo Safdiye

July 02, 2023 | 1:12 am

AAPL

AXP

Goldman Sachs is reportedly considering ending its partnership with Apple, including the Apple credit card and other joint ventures. The financial services company is in talks to transfer these operations to American Express. Goldman is also discussing transferring its card partnership with General Motors to Amex or another issuer. This move could mark the end of Goldman's consumer lending operation.

Portfolio Pulse from Shanthi Rexaline

July 01, 2023 | 6:13 pm

ATVI

MSFT

RBLX

SONY

Sony Interactive Entertainment, a subsidiary of Sony Group Corp., is in discussions with Roblox Corporation to make the game platform available on PlayStation. The information was revealed during the Federal Trade Commission's hearing against Microsoft Corporation's acquisition of Activision Blizzard Inc. Sony's CEO, Jim Ryan, stated that the company's cautious approach towards children's experiences has been the reason for Roblox's absence from the PlayStation platform.

Portfolio Pulse from Franca Quarneti

July 01, 2023 | 3:02 pm

BLK

BTCUSD

COIN

Cboe has refiled an application with the SEC for a Bitcoin ETF by Fidelity Investments and will work with Coinbase to ensure safeguards against market manipulation. Cboe also refiled listing applications for Bitcoin ETFs from WisdomTree, VanEck, and a joint effort between Invesco and Galaxy. The SEC has previously raised concerns over the lack of clarity and comprehensiveness in applications for Bitcoin ETFs.

Portfolio Pulse from Bibhu Pattnaik

July 01, 2023 | 2:43 pm