Streetbeat News

Partnerships

CYN

Cyngn has expanded its dealer network by partnering with Raymond West, a distributor of intralogistics solutions. Raymond West will sell Cyngn's autonomous DriveMod Tugger, which combines Cyngn's AV technology with Motrec's MT-160.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:28 am

GOOGL

TSLA

UBER

Uber CEO Dara Khosrowshahi discussed the competitive robotaxi market, highlighting Uber's partnerships and strategies amidst competition from Waymo and Tesla. Uber's focus on electrification and strategic alliances positions it well against Tesla's upcoming Cybercab service.

Portfolio Pulse from Pooja Rajkumari

October 15, 2024 | 11:17 am

LVO

TIMB

TRVG

The article highlights three oversold stocks in the communication services sector: Tim SA, LiveOne Inc, and Trivago NV. These stocks have low RSI values, indicating potential buying opportunities. Tim SA was upgraded by Scotiabank, LiveOne renewed its partnership with Tesla, and Trivago posted strong quarterly results.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 11:16 am

ALTR

Altair has announced a collaboration with Motivo, a product engineering firm. This partnership aims to enhance Altair's capabilities in product development and engineering solutions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:16 am

IRDM

Iridium and General Dynamics Mission Systems have been awarded a $491.6 million contract modification by the Space Development Agency. This contract is likely to impact Iridium positively in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:10 am

TM

Toyota and Revel have partnered to offer Toyota and Lexus battery electric vehicle (EV) customers complimentary access to a fast charging network in New York City for three years, until October 14, 2027.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:10 am

MEG

Montrose Environmental Group has secured a $249 million contract with the US Army Corps of Engineers to provide environmental services. This contract is a significant win for the company, potentially boosting its revenue and market position.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:01 am

ERIC

IDGT

TDIV

Ericsson reported a 4% decline in Q3 sales but exceeded analyst expectations with $5.93 billion in revenue, boosted by a $14 billion deal with AT&T for Open RAN deployment. The company saw improved margins and EPS, with a positive outlook for North American market recovery.

Portfolio Pulse from Anusuya Lahiri

October 15, 2024 | 10:50 am

NAT

Nordic American Tankers (NAT) has signed a 5-year time charter contract with a major energy firm, starting in November 2024. The rate is in the mid-high 30's.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:44 am

SYRE

Paragon Therapeutics has granted Spyre Therapeutics an exclusive license to develop, manufacture, and commercialize antibodies targeting IL-23 for irritable bowel disease. Paragon will receive up to $22 million in milestone payments, including $2.5 million upon the first human dosing in a Phase 1 trial.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:41 am