Streetbeat News

Partnerships

AMZN

RIVN

WKSP

Worksport Ltd (WKSP) is expanding its renewable energy offerings with TerraVis tonneau covers and portable COR batteries, while Amazon (AMZN) backs Rivian Automotive (RIVN) with a deal for 100,000 electric trucks. The EV wave is disrupting industries and lifestyles globally.

Portfolio Pulse from Upwallstreet

May 18, 2023 | 6:54 pm

ERJ

Embraer SA and Azorra have signed a $635 million deal with Royal Jordanian Airlines for eight aircraft, including four E190-E2 and four E195-E2. Deliveries are expected to begin in Q4 2023.

Portfolio Pulse from Shivani Kumaresan

May 18, 2023 | 5:36 pm

NOW

WIT

Wipro Limited (WIT) has signed a five-year deal with ServiceNow Inc (NOW) to expand their partnership and build a $1 billion business by 2026. The companies will focus on financial services, manufacturing, healthcare, and energy and utilities industries.

Portfolio Pulse from Lekha Gupta

May 18, 2023 | 4:57 pm

AAPL

GOOG

GOOGL

MSFT

OpenAI has launched the ChatGPT app for iOS, featuring free usage, cross-device syncing, and voice input integration with Whisper. ChatGPT Plus subscribers receive exclusive access to GPT-4 capabilities and faster response times. The app is initially available in the US, with plans to expand to other countries.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 4:51 pm

MIMO

Airspan Networks Holdings (NYSE:MIMO) announced new financing agreement with Fortress Investment Group, a new delayed draw term loan of $25 million, and changes in leadership. Glenn Laxdal, previously Airspan's President and COO, will serve as CEO, and Eric Stonestrom will serve as Executive Chairman.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 4:44 pm

AMZN

Amazon shares are trading higher as its cloud division, Amazon Web Services, announced a $12.7 billion investment in India's cloud infrastructure by 2030. The company also had a great week with hedge funds increasing exposure to the stock, and several new developments such as AI-driven logistics, ChatGPT-like search, and a new lineup of Echo products.

Portfolio Pulse from Anusuya Lahiri

May 18, 2023 | 4:37 pm

RICOF

TOSYY

Ricoh Co and Toshiba Corp have announced plans to combine their office printer and copier production, merging manufacturing handled by Ricoh and Toshiba Tec into a single company in 2024, according to Nikkei Asia.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 4:30 pm

SQM

SQM's CEO announced that the company expects to start talks with Codelco in the coming weeks.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 4:17 pm

APO

Apollo Global Management and executives at Fortress Investment are backing competing groups to restart the cryptocurrency exchange Celsius, according to the Wall Street Journal.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 3:01 pm

LFLY

Black entrepreneurs in Massachusetts make up less than 2% of cannabis industry owners, despite state-led efforts to promote equity. Parallel and Black CannaBusiness (BCB) are partnering to support cannabis owners of color through their second annual Black Cannabusiness CEO Intensive Program, a free six-week executive training program.

Portfolio Pulse from Maureen Meehan

May 18, 2023 | 2:42 pm