Streetbeat News

Partnerships

EMKR

HRTG

NIO

PRME

PRTA

STLA

U.S. stocks showed mixed performance with the Dow Jones falling over 200 points. Notable stock movements included NIO Inc. rising 11% due to significant investments, Prime Medicine surging 23% after a collaboration with Bristol Myers Squibb, and EMCORE Corporation gaining 71% following an acquisition offer. Conversely, Prothena Corporation dropped 19% after leadership updates, Heritage Insurance Holdings fell 17%, and Stellantis N.V. decreased 14% after lowering its FY24 guidance.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 4:17 pm

ASTS

AST SpaceMobile Inc (NASDAQ:ASTS) shares are trading higher following the announcement of preliminary results for its public warrants redemption. Approximately 99.89% of the warrants were exercised, and the remaining warrants have been delisted. The company's shares have surged over 325% this year, driven by a commercial agreement with AT&T and the launch of its first five commercial satellites.

Portfolio Pulse from Adam Eckert

September 30, 2024 | 3:50 pm

FEAM

5E Advanced Materials shares rose following the announcement of a non-binding Letter of Interest from the Export-Import Bank of the United States.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:43 pm

CAPR

LI

MNSO

NIO

PRME

TIGR

UXIN

WB

Prime Medicine's stock surged 39.6% after announcing a collaboration with Bristol Myers Squibb. Other notable gainers include Uxin Limited, UP Fintech, Capricor Therapeutics, and several US-listed Chinese companies like NIO and Li Auto, driven by positive sentiment from Chinese economic data.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 2:58 pm

CHPT

SIEGY

ChargePoint and Siemens are key players in the clean tech revolution, focusing on EV infrastructure and eVTOL technology. ChargePoint is enhancing EV charging with AI and power-sharing, while Siemens plans to spin off its EV charging business. The eVTOL industry is poised for growth with upcoming FAA regulations.

Portfolio Pulse from Surbhi Jain

September 30, 2024 | 2:21 pm

LMT

RTX

Raytheon's delivery of its first sensor payload to Lockheed Martin keeps the U.S. Space Force's Next-Gen OPIR GEO Block 0 missile warning satellite on track for a 2025 launch. This development is crucial for enhancing missile warning capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:02 pm

PTEN

SLB

Patterson-UTI Energy, Inc. has formalized a joint venture with ADNOC Drilling and SLB in the UAE. Patterson-UTI will hold a 15% stake in Turnwell Industries LLC OPC, which will drill 144 unconventional wells for ADNOC.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:49 pm

AMZN

MA

Mastercard and Amazon Payment Services have partnered to enhance digital payment acceptance in the Middle East and Africa, targeting key markets such as UAE, Egypt, and South Africa.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:46 pm

AAPL

BABA

SBUX

Jim Cramer highlights Starbucks as a 'stimulus play' amid China's economic efforts, with a Golden Cross indicating a potential bullish run. Despite challenges in China, technical indicators suggest Starbucks stock is poised for growth.

Portfolio Pulse from Surbhi Jain

September 30, 2024 | 1:30 pm

SLB

SLB has partnered with ADNOC Drilling to accelerate the development of 144 unconventional oil and gas wells, with potential for more in a second phase. The project is set for completion by Q4 2025.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:25 pm