Streetbeat News

Partnerships

AMZN

META

PLTR

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TSLA

On Thursday, U.S. markets saw losses, but several stocks gained attention. Palantir rose due to a strategic partnership and insider selling completion. Amazon fell as it plans to increase ads on Prime Video. Meta rose with increased payouts to content creators. Spirit Airlines dipped amid bankruptcy talks. Tesla fell despite growth in deliveries.

Portfolio Pulse from Benzinga Neuro

October 04, 2024 | 2:29 am

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Spirit Airlines is in talks with bondholders about a potential bankruptcy filing due to financial struggles, including a $3.3 billion debt load. The airline is considering Chapter 11 and restructuring options after a failed merger with JetBlue. Spirit's stock has plummeted, while JetBlue's stock has seen gains.

Portfolio Pulse from Benzinga Neuro

October 04, 2024 | 2:15 am

HSBC

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MSFT

NVDA

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UBS

WFC

OpenAI has secured a $4 billion credit line to enhance its AI capabilities and expand its Nvidia-powered infrastructure. This move increases its liquidity to $10 billion, allowing for significant investment in computing capacity. The credit line is facilitated by major banks including JPMorgan Chase, Citigroup, Goldman Sachs, and others. Microsoft and Nvidia participated in a recent funding round, highlighting continued investor confidence despite executive changes.

Portfolio Pulse from Ananya Gairola

October 04, 2024 | 2:11 am

BTCUSD

Mark Cuban supports Republican Senate candidate John Deaton over Sen. Elizabeth Warren due to Deaton's pro-cryptocurrency stance. Cuban criticizes Warren's anti-crypto policies and praises Deaton's character and background. Deaton has received significant backing from the crypto industry, including a $1 million Bitcoin donation from the Winklevoss twins.

Portfolio Pulse from Aniket Verma

October 04, 2024 | 1:50 am

AFTLF

Afrimat (OTC:AFTLF), a South African mining company, is venturing into the hemp industry by partnering with Hemporium to use hemp-based materials for building expansion in Cape Town. This move aligns with South Africa's push to grow the hemp sector and Afrimat's sustainability initiatives.

Portfolio Pulse from Nicolás Jose Rodriguez

October 03, 2024 | 10:08 pm

EDIT

Editas Medicine has sold certain future license fees and payments owed under a Cas9 license agreement with Vertex to a DRI Healthcare Trust subsidiary for $57 million. This non-dilutive capital will support Editas Medicine's pipeline development and strategic priorities.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 10:06 pm

CLMT

Calumet Montana Refining, a subsidiary of Calumet, has entered into a $150 million sale and leaseback agreement with Stonebriar Commercial Finance, selling certain assets and leasing them back.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:11 pm

AMKR

TSM

Amkor Technology and TSMC have signed a Memorandum of Understanding to collaborate on advanced packaging and test capabilities in Arizona. This partnership will enhance TSMC's services for its customers by leveraging Amkor's facilities.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 9:01 pm

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NVDA

OpenAI's valuation surpasses $150 billion, signaling a surge in AI spending. Nvidia and Accenture's partnership is pivotal in this growth, with Nvidia's GPUs driving significant tech sector impact. OpenAI's restructuring and funding boost its role in the AI revolution.

Portfolio Pulse from Adam Eckert

October 03, 2024 | 8:50 pm

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MSFT

J Allard, co-founder of Xbox and former Microsoft executive, has joined Amazon as Vice President of the devices and services team. While his specific projects are not yet disclosed, his expertise in gaming and technology could influence Amazon's product development.

Portfolio Pulse from Chris Katje

October 03, 2024 | 8:27 pm