Streetbeat News

Partnerships

SPY

USO

VGK

A Russian oil firm is requesting permission from Venezuela's state-run company PDVSA to take control of exports from their joint ventures to revive cash flow from the five companies affected by U.S. sanctions.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 3:27 pm

LCID

Qmerit, a leading provider of EV charging installation services, is expanding its partnership with Lucid Motors into Canada. This will provide Lucid's Canadian customers with easy access to Qmerit's installation services for home charging solutions.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 3:21 pm

USDCUSD

Circle CEO Jeremy Allaire praises Hong Kong's new cryptocurrency regulations and its potential to become a significant center for digital assets markets and stablecoins. Circle recently secured a license as a major payments institution in Singapore, which will aid in expanding the distribution of its USD Coin in the region.

Portfolio Pulse from Murtuza Merchant

June 27, 2023 | 3:10 pm

ORCL

Project Management Institute (PMI) and Oracle Construction and Engineering have announced a collaboration to deliver thought leadership, best practices, and tools for professionals in the construction and asset-intensive sectors. The initial collaboration will integrate Oracle resources into the existing PMI-CP coursework and capstone certification.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 3:01 pm

PARAA

Showtime has been officially integrated into Paramount+ as part of Paramount Global's strategy to expand its streaming scale. The move, announced in May, combines Showtime content with the Paramount+ experience. As of March, Paramount+ had 60 million streaming subscribers globally. The merger has led to cost cuts and layoffs of around 120 Showtime staff.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:56 pm

CDNS

Cadence Design Systems' AI-based Virtuoso Studio design tools and solutions have been certified by Samsung Foundry for use with Samsung's mature and advanced node process design kits (PDKs). This collaboration enables customers to leverage Virtuoso Studio and Samsung PDKs for next-generation analog, custom, RF, and mixed-signal design, with faster turnaround times and improved design performance.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:48 pm

AMKR

NVDA

Nvidia is rumored to be secretly assisting Amkor Technology in developing advanced packaging for AI applications, according to DigiTimes Asia.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:42 pm

BAH

Booz Allen Hamilton Holding Corp (NYSE:BAH) has secured a position on the IRS Enterprise Development, Operations Services (EDOS) contract, a Blanket Purchase Agreement with a ceiling value of $2.6 billion. The contract has a performance period of seven years and will aid the IRS in modernizing mission-critical applications.

Portfolio Pulse from Lekha Gupta

June 27, 2023 | 2:21 pm

LNZA

Primetals Technologies and LanzaTech Global Inc. (NASDAQ:LNZA) have renewed their ten-year cooperation agreement to accelerate the deployment of integrated environmental solutions for the steel industry worldwide. The companies will enable more projects in the global iron and steel sector to adopt LanzaTech's carbon recycling technologies.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:20 pm

LCID

Lucid Group's stock is trading higher after the Saudi Public Investment Fund increased its stake in the company and Lucid announced a technology partnership with Aston Martin. The partnership is worth over $450 million and will give Aston Martin access to Lucid's electric vehicle powertrain and battery systems.

Portfolio Pulse from Henry Khederian

June 27, 2023 | 2:10 pm