Streetbeat News

Partnerships

PYPL

PayPal has entered into an exclusive multi-year agreement with KKR, in which KKR will purchase up to €40 billion of buy-now-pay-later loan receivables from PayPal. The company also announced plans to allocate approximately $1 billion to share repurchases this year.

Portfolio Pulse from Adam Eckert

June 20, 2023 | 1:22 pm

BOF

WMT

BranchOut Food Inc (NASDAQ:BOF) shares surge after announcing a contract with Walmart Inc (NYSE:WMT) to supply dehydrated fruit items to 2,250 stores. The deal is expected to significantly increase revenue and profitability for BranchOut, which is also working on a second project to supply additional items to all Walmart stores.

Portfolio Pulse from Shivani Kumaresan

June 20, 2023 | 1:21 pm

AGC

Grab Holdings CEO announced that the company is on track to achieve group adjusted EBITDA breakeven, regardless of any ongoing exercises. This statement comes amid the company's ongoing SPAC merger with Altimeter Growth Corp (AGC).

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:19 pm

BZFD

GNUS

TOON

Genius Brands International (GNUS, TOON) and BuzzFeed (BZFD) will develop a new animated series, Chikn Nuggit, through their Frederator Network subsidiary and BuzzFeed Animation Lab. The series is based on the hit digital IP with over 1 billion views on social platforms.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:17 pm

RCRT

Recruiter.com Group (NASDAQ:RCRT) and millionways Inc. have partnered to develop an AI-Powered Personality Evaluation Tool for recruiters and HR professionals. The partnership includes a revenue-sharing agreement and a mutual equity investment strategy, with each company potentially receiving up to $500,000 in value in the other through an exchange of equity.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:13 pm

MTEK

SIDU

Maris-Tech (NASDAQ:MTEK) and Sidus Space (NASDAQ:SIDU) announced a collaboration to develop an AI-driven ultra-HD video system for nanosatellites and space tools. The project is supported by the Israel Innovation Authority and Space Florida.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:11 pm

DuPont (NYSE: DD) and JetCool Technologies announced a collaboration to increase adoption of advanced liquid cooling technology for semiconductors, data centers, and high-performance computing applications. The partnership will introduce a new sales channel targeting semiconductor companies in Taiwan and Singapore.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:07 pm

BABA

EADSY

GOOGL

GRAB

HYMTF

NVDA

SPOT

Spotify plans to launch a more expensive subscription plan called 'Supremium' with high-fidelity audio. Grab Holdings plans to cut its workforce by 5%. Deutsche Bank applies for a digital asset custody license. Google is in talks with Indian suppliers to assemble Pixel smartphones. Chinese vendors bypass the US embargo to supply Nvidia AI chips. Alibaba names Eddie Wu as its new CEO. Hyundai unveils an $85B investment plan for EVs. Airbus confirms a 500 A320 aircraft order from IndiGo.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:07 pm

IBM

FYI is collaborating with IBM Consulting to integrate IBM WatsonX with FYI's platform, aiming to deliver value and cultivate trust among creatives by managing the business of creation using generative AI.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:06 pm

FUBO

FuboTV and Ryan Reynolds' Maximum Effort have partnered to launch the Maximum Effort Channel, which premieres today with a mix of original and licensed content. This partnership aims to expand FuboTV's content offerings and attract more subscribers.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:03 pm