Streetbeat News

Partnerships

TGT

UMGNF

Taylor Swift is launching exclusive merchandise at Target for Black Friday, potentially boosting Target's Q4 sales. The release includes 'The Official Eras Tour Book' and 'The Tortured Poets Department: The Anthology' on CD and vinyl. Target's stock has already seen a positive movement.

Portfolio Pulse from Chris Katje

October 15, 2024 | 3:49 pm

Foot Locker shares are trading higher following the announcement of a partnership with the Chicago Bulls.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:33 pm

GME

GameStop Corp (NYSE:GME) announced a collaboration with Professional Sports Authenticator (PSA) to offer trading card grading services at select stores. This move is part of GameStop's strategy to diversify as it faces challenges in the digital gaming market. Despite recent financial struggles, GameStop reported a surprise profit last quarter.

Portfolio Pulse from Adam Eckert

October 15, 2024 | 3:25 pm

OWPC

STLA

One World Products, led by Isiah Thomas, unveiled hemp-based packaging for the auto industry, marking a milestone in sustainable materials. The initial order from Flex-N-Gate highlights trust in these eco-friendly solutions, with potential future opportunities.

Portfolio Pulse from Jelena Martinovic

October 15, 2024 | 3:22 pm

EXEL

MRK

Merck partners with Exelixis to test Zanzalintinib with Welireg in renal cancer, raising questions about its ongoing trials with Lenvima. The Litespark-011 trial completion is delayed to 2026. Merck and Exelixis will co-fund a Phase 1/2 trial, with Merck sponsoring two Phase 3 studies and supplying Keytruda for a head and neck cancer trial.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:09 pm

AMZN

GWW

MSFT

NVDA

SNOW

Amazon has partnered with Databricks to offer cost-effective AI solutions using its Trainium AI chips, challenging Nvidia's dominance in the AI hardware market. This move could reduce AI development costs by up to 40% for businesses.

Portfolio Pulse from Anusuya Lahiri

October 15, 2024 | 3:07 pm

MEG

Montrose Environmental Group shares rose after securing a contract with the U.S. Army Corps of Engineers to provide environmental quality support.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:05 pm

AVIV

PTIN

Toyota has partnered with Revel to offer free fast charging for Toyota and Lexus BEV customers in NYC until 2027. Despite this, Toyota's stock is trading lower, possibly due to recent delays in EV production in North America. Revel plans to expand its charging network significantly in NYC.

Portfolio Pulse from Nabaparna Bhattacharya

October 15, 2024 | 3:01 pm

FTXR

RDIV

Ford Motor Company has signed a supply agreement with LG Energy Solution to provide batteries for its electric commercial vans in Europe, starting in 2026. The agreement also includes producing batteries for the Ford Mustang Mach-E at LG's Michigan facility from 2025. This move aims to improve business efficiency and take advantage of market conditions, including tax credits. Ford's electric vehicle sales increased by 12.2% in the last quarter.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 2:52 pm

AVGO

SEMI

SMHX

Broadcom Inc. (NASDAQ:AVGO) has expanded its partnership with T-Systems, a Deutsche Telekom subsidiary, to enhance AI, cyber resilience, and cloud sovereignty. T-Systems has achieved Pinnacle tier status in Broadcom's VMware Cloud Service Provider program. This collaboration aims to modernize infrastructure and support sovereign cloud services. Broadcom's stock is down 3.89%. Investors can gain exposure through VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) and Columbia Semiconductor and Technology ETF (NYSE:SEMI).

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 2:50 pm