Streetbeat News

Partnerships

MULN

Mullen Technologies announced the development of a light-weight electric vehicle (EV) truck body in collaboration with Phenix Truck Bodies & Van Equipment of Southern California. The partnership aims to create a more efficient and environmentally friendly truck body for the EV market.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:05 am

ALVO

JNJ

TEVA

Alvotech and Teva have secured a US license date for AVT04, a proposed biosimilar to Stelara, and reached a settlement and license agreement with Johnson & Johnson concerning AVT04.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:04 am

LUMN

F9 Investments reported a 9.4018% stake in LL Flooring Holdings and plans to initiate contact with LL management and board to explore a possible combination with CTG. Lumin Technology (LUMN) announced a partnership with Orca Security to provide a comprehensive cloud security management solution for APAC organizations.

Portfolio Pulse from Charles Gross

June 12, 2023 | 10:51 am

PSN

Parsons has secured a five-year, $40 million task order contract with Bay Area Rapid Transit (BART) to provide engineering expertise. This is the fourth consecutive GES contract Parsons has won with BART and may include projects such as converting portions of BART's non-revenue fleet to zero-emission vehicles, capital program support, and fiber optic upgrades.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 10:34 am

NFLX

NVDA

TSLA

The S&P 500 reached new highs, surpassing the 4,300 level for the first time since August. Tesla and General Motors announced a partnership for GM cars to use Tesla charging stations by 2025. Netflix shares gained 2.6% after a report on increased subscriptions due to its password sharing crackdown. The Nasdaq 100 rose 0.30% with gains in NVIDIA and Tesla shares.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 10:07 am

MSFT

OpenAI has hired James Kondo, former Twitter Japan Chief, to set up its Japan office. This move is expected to expand OpenAI's presence in the Japanese market.

Portfolio Pulse from Charles Gross

June 12, 2023 | 8:53 am

MSFT

QCOM

Qualcomm is gaining attention for its advancements in artificial intelligence (AI) growth, with a focus on incorporating AI into mobile devices. The company's head of AI, Ziad Asghar, highlights the scale of Qualcomm's operations and its recent collaboration with Microsoft.

Portfolio Pulse from Chris Katje

June 11, 2023 | 7:52 pm

BYDDF

BYDDY

GELYF

GELYY

Ford CEO Jim Farley praised China's rise to the top of the auto export market, exporting over a million units in Q1. He predicted that SAIC Motor Corp, Geely Automobile, and BYD Company will likely become global players, with BYD showing particular promise. Farley sees a shift in winners and losers within the industry, with some mature OEMs shrinking and others expanding.

Portfolio Pulse from Shanthi Rexaline

June 11, 2023 | 6:55 pm

EWG

INTC

Germany has reportedly refused Intel's additional demand for subsidies for its chip plant, according to the Financial Times.

Portfolio Pulse from Charles Gross

June 11, 2023 | 2:12 pm

AAPL

FRPT

FSR

TAP

TSLA

Barron's weekend stock picks include Molson Coors, Tesla, and Apple's position in the AI space. Molson Coors gains from Bud Light's controversial partnership could be sustainable. JANA Partners wins proxy battle with Freshpet. Tesla's partnership with Ford and GM for EV charging is misinterpreted as negative for ChargePoint and EVgo. Fisker enters China despite intense competition, and Apple's AI strategy remains unclear.

Portfolio Pulse from Justin Chan

June 10, 2023 | 8:52 pm