Streetbeat News

Partnerships

RIVN

Rivian Automotive's stock is trading slightly higher after a significant drop due to a Morgan Stanley downgrade. The downgrade was influenced by increased spending forecasts related to Rivian's partnership with Volkswagen. Rivian may benefit from U.S. tariffs on Chinese EV imports. Despite the recent downgrade, analysts have a positive outlook on Rivian with an average price target suggesting potential upside.

Portfolio Pulse from Erica Kollmann

September 26, 2024 | 4:06 pm

FXI

PYPL

PayPal has launched PayPal Complete Payments in China, an all-in-one platform to support Chinese merchants in global sales. This platform aims to streamline payment processes and enhance cross-border trade capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:02 pm

ADPT

CNXC

KTTA

MDXH

RYDE

TBIO

U.S. stocks rose with the Dow Jones up 200 points. Initial jobless claims fell, while crude oil prices dropped over 2%. Telesis Bio, Pasithea Therapeutics, and Adaptive Biotechnologies saw significant stock gains, while Concentrix, Ryde Group, and MDxHealth experienced declines.

Portfolio Pulse from Avi Kapoor

September 26, 2024 | 4:01 pm

VWAGY

XPENG

The article discusses the challenges faced by traditional automakers like Ford, GM, and Volkswagen in adapting to the EV era, as they face competitive pressure from Chinese EV makers like BYD and XPeng. Ford is struggling with its EV business, while Volkswagen faces potential strikes over plant closures. Meanwhile, Chinese EV makers are expanding aggressively in Europe.

Portfolio Pulse from Upwallstreet

September 26, 2024 | 3:54 pm

KKR

Eni is reportedly in talks with funds for a second biofuel stake sale as it prepares a deal with KKR. This move is part of Eni's strategy to expand its biofuel business.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:52 pm

APO

Citigroup has entered into a $25 billion deal with Apollo Global Management to launch a private credit venture. This partnership aims to leverage Citigroup's banking capabilities and Apollo's investment expertise to create a significant player in the private credit market.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:34 pm

CMBM

Beetel Teletech has partnered with NASDAQ-listed Cambium Networks to distribute its networking solutions in India. This strategic move aims to capitalize on India's growing internet access, projected to reach 60-65% by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:18 pm

RYCEY

WAB

GE Hitachi, Holtec, Rolls-Royce SMR, and Westinghouse have advanced to the next stage of the UK's small modular reactor (SMR) program, while NuScale was not selected. The companies will enter negotiations with Great British Nuclear, aiming for contracts by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:59 pm

ISPR

Ispire Technology Inc. (NASDAQ:ISPR) reported a 31% year-over-year increase in revenue for fiscal year 2024, reaching $151.9 million. Despite the revenue growth, the company faced a net loss of $14.8 million. Ispire is focusing on strategic partnerships and technological advancements to drive future growth, particularly in the cannabis vaping sector.

Portfolio Pulse from Jelena Martinovic

September 26, 2024 | 2:56 pm

EVAX

MRK

Evaxion Biotech has partnered with Merck to develop two preclinical vaccine candidates, EVX-B2 and EVX-B3. Evaxion will receive an upfront payment and potential milestone payments, with Merck having the option to license the candidates. This collaboration validates Evaxion's AI-Immunology platform.

Portfolio Pulse from Vandana Singh

September 26, 2024 | 2:53 pm