Streetbeat News

Partnerships

ADBE

IBM

IBM plans to expand its partnership with Adobe to accelerate content supply chains by implementing next-generation AI, including Adobe Sensei GenAI services, Adobe Firefly, and Adobe's generative AI models. IBM Consulting is launching a new portfolio of Adobe consulting services to digitally re-invent customer interactions.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2023 | 2:37 pm

KKR

PYPL

PayPal and KKR sign a multi-year €3 billion replenishing loan commitment to accelerate BNPL loan originations in Europe. KKR's private credit funds will purchase up to €40 billion of BNPL loan receivables originated by PayPal. The deal is expected to generate an initial $1.8 billion in cash for PayPal.

Portfolio Pulse from Akanksha Bakshi

June 20, 2023 | 2:19 pm

F

GM

RIVN

TSLA

Rivian Automotive has agreed to adopt Tesla's North America charging standard, giving its customers access to 12,000 Tesla Superchargers with adapters by spring 2024. Rivian will also make a Tesla-style charging port standard in its vehicles from 2025. Tesla has recently struck deals with Ford and General Motors to use its charging technology.

Portfolio Pulse from Shivani Kumaresan

June 20, 2023 | 2:13 pm

GE

GE Digital has signed an agreement with Bamboo Airways to provide fuel analytics solutions, Fuel Insight and FlightPulse, to optimize fuel consumption and reduce costs. The collaboration aims to enhance fuel efficiency and reduce carbon emissions.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 2:09 pm

RIO

Rio Tinto is investing $498 million in its Kennecott operation near Salt Lake City, Utah, to strengthen its copper supply in the US. The investment will increase production from underground mining and improve key assets, with production from the North Rim Skarn commencing in 2024.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 2:07 pm

BA

Air India has finalized an order for up to 290 Boeing jets, including 190 737 MAXs, 20 787 Dreamliners, and 10 777X jets, with options for 50 more 737 MAXs and 20 more 787 Dreamliners. This is Boeing's largest order in South Asia and aims to renew and expand Air India's fleet.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 2:04 pm

LUCY

Innovative Eyewear Inc (NASDAQ:LUCY) shares are trading higher after announcing a licensing agreement with Authentic Brands for Reebok smart eyewear. The first Reebok smart eyewear collection, powered by Lucyd, is expected to launch in early 2024.

Portfolio Pulse from Adam Eckert

June 20, 2023 | 1:56 pm

ABT

MDT

SRDX

The FDA has approved Surmodics Inc's SurVeil drug-coated balloon (DCB) for peripheral artery disease. Abbott Laboratories has exclusive worldwide commercialization rights for the SurVeil DCB, and Surmodics will receive a $27 million milestone payment from Abbott.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:54 pm

RIVN

TSLA

Rivian Automotive has signed an agreement with Tesla to give Rivian users access to Tesla's Supercharger network. Rivian will adopt Tesla's North American Charging Standard (NACS) across the US and Canada, with NACS charging ports to be incorporated in future R1 vehicles and the upcoming R2 platform starting in 2025.

Portfolio Pulse from Adam Eckert

June 20, 2023 | 1:54 pm

RIVN

TSLA

Rivian Automotive shares are trading higher after the company announced an agreement with Tesla to give Rivian users access to Tesla's Supercharger network.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:53 pm