Streetbeat News

Partnerships

COIN

Hong Kong Legislative Council member Johnny Ng has invited Coinbase and other cryptocurrency exchanges to set up operations in the territory, following recent legal actions by the U.S. SEC against major industry players. Hong Kong has been actively developing regulations and compliance protocols to foster the growth of the cryptocurrency sector.

Portfolio Pulse from Murtuza Merchant

June 12, 2023 | 5:29 pm

APRN

Benchmark analyst Daniel L. Kurnos reiterated a Buy rating on Blue Apron Holdings Inc (NYSE:APRN) and raised the price target from $5 to $16. The company recently closed the FreshRealm transaction, making it debt-free and potentially moving towards positive cash flow under the new operating structure.

Portfolio Pulse from Shivani Kumaresan

June 12, 2023 | 5:16 pm

GFS

LMT

Lockheed Martin Corp (LMT) and GlobalFoundries Inc. (GFS) have announced a partnership to advance semiconductor manufacturing and innovation for U.S. national security systems. The companies will build a chiplet ecosystem to produce chips rapidly and affordably, supporting the CHIPS and Science Act's goals.

Portfolio Pulse from Lekha Gupta

June 12, 2023 | 5:12 pm

BLNK

Blink Charging (BLNK) shares are up 7.55% after announcing plans to introduce a North American Charging Standard (NACS) connector option for its products. The company's DC fast charger, supporting both NACS and CCS connectors, is in the final stages of design. This follows GM and Tesla's collaboration to integrate NACS connectors into GM's EVs starting in 2025.

Portfolio Pulse from Henry Khederian

June 12, 2023 | 5:00 pm

CHPT

TSLA

ChargePoint (CHPT) shares rose 3.24% after the company announced plans to introduce a North American Charging Standard (NACS) connector option for its products and provide charger upgrades. This follows last week's news of General Motors partnering with Tesla to use its charging network.

Portfolio Pulse from Henry Khederian

June 12, 2023 | 4:38 pm

GFS

LMT

Lockheed Martin and GlobalFoundries announced a strategic collaboration to advance U.S. semiconductor manufacturing, innovation, and supply chain security for national security systems. The partnership aims to explore critical needs in semiconductor innovation and secure manufacturing across various advanced chip technologies.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 4:32 pm

ABM

ABM Industries has launched its first-ever branded integrated electric vehicle (EV) charging solution in collaboration with Noodoe. The products include ABM EV Charging Stations (Level 2 and Level 3) and ABM EV OS, a cloud-based operating platform for EV chargers. This move is in line with the company's plan to create the ABM Electrification Center.

Portfolio Pulse from Lekha Gupta

June 12, 2023 | 4:19 pm

AAL

JBLU

A U.S. judge ruled that the injunction against JetBlue and American Airlines will take effect 21 days after the court ruling. This decision may impact the airlines' partnership and operations.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 4:08 pm

GOOGL

LUMN

MSFT

Lumen Technologies has unveiled ExaSwitch, a new network interconnection ecosystem developed in collaboration with Microsoft and Google. The platform aims to help service providers, content providers, and enterprises route network traffic between data centers dynamically. Lumen, Google Cloud, Microsoft Azure, and another large cloud provider have already adopted the platform.

Portfolio Pulse from Lekha Gupta

June 12, 2023 | 3:42 pm

SHLS

Shoals Technologies announced a Master Supply Agreement with Blattner Company to deliver 10 GW Big Lead Assembly and systems solutions over the next two years, causing SHLS shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 3:34 pm