Streetbeat News

Partnerships

BWA

BorgWarner Inc (NYSE:BWA) has secured a contract from a global OEM to supply its electric variable cam timing (eVCT) technology for selected four-cylinder engines. The deal marks the first production of eVCT, which is expected to improve fuel economy and performance while reducing emissions. BWA plans to begin eVCT production in December 2024 at its Ithaca, New York facility.

Portfolio Pulse from Lekha Gupta

June 23, 2023 | 4:22 pm

WLDS

Wearable Devices Ltd. (NASDAQ: WLDS) plans to extend its AI-based Air-Touch functionality to include Android devices, targeting the commercial and enterprise markets. The company previously partnered with a Fortune 500 communications equipment company to integrate the technology.

Portfolio Pulse from Nabaparna Bhattacharya

June 23, 2023 | 4:12 pm

F

UAW President criticizes the Energy Department's $9.2 billion loan for Ford's joint venture battery plants, arguing it undermines the union's efforts to protect jobs.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 4:04 pm

GENI

Genius Sports Ltd (GENI) has extended its partnership with Football DataCo as the exclusive official supplier of low-latency live data for the English Premier League, English Football League, and Scottish Professional Football League. The deal also includes GENI's AI-powered tracking technology for EFL Championship and Championship Play-Off matches, valid until the 2024-2025 season.

Portfolio Pulse from Lekha Gupta

June 23, 2023 | 4:02 pm

MGOL

SPY

The United States will host the expanded 32-team Club World Cup in 2025, according to FIFA. The event is expected to generate significant revenue and attract global attention.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 3:50 pm

KITT

PBR

Nauticus Robotics Inc (NASDAQ:KITT) has secured a contract with Petroleo Brasileiro S.A. (NYSE:PBR) for its autonomous subsea robot, Aquanaut. The robot will support Petrobras' offshore activities in its Deepwater Production Field. The contract leads to a potential market worth over $100 million per year.

Portfolio Pulse from Shivani Kumaresan

June 23, 2023 | 3:46 pm

DIS

PIK

KidPik Corp. (NASDAQ:PIK) shares surged over 100% after announcing a collaboration with Disney (NASDAQ:DIS) for a campaign celebrating the release of the new Disney movie 'World's Best'. The campaign will feature Kidpik's pre-styled 'Classic to Cool' boxes.

Portfolio Pulse from Erica Kollmann

June 23, 2023 | 3:11 pm

PIK

Kidpik shares are trading higher following the announcement of a collaboration with Disney for the release of the 'World's Best' Disney+ movie.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 3:03 pm

AAPL

TSM

TSMC's Arizona plant, set to make chips for Apple, faces safety concerns after multiple accidents, near-misses, and a faked active shooter drill to cover up a gas leak evacuation. The plant has been contentious for financial reasons, with TSMC seeking huge subsidies from the US government.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 3:00 pm

F

GM

TSLA

WKSP

The US is making strides in the EV industry with Tesla leading the way, Ford and General Motors adopting Tesla's charging standard, and Worksport applying for an ambitious certification for its solar-powered tonneau cover. Ford also received a $9.2 billion loan from the US Department of Energy to support the construction of three massive EV battery factories.

Portfolio Pulse from Upwallstreet

June 23, 2023 | 2:54 pm