Streetbeat News

Partnerships

BABA

NVDA

Alibaba has partnered with Nvidia to enhance AI capabilities in autonomous driving, integrating Alibaba's Qwen LLMs with Nvidia's Drive AGX Orin platform. This collaboration positions Alibaba at the forefront of automotive AI technology. The People's Bank of China's recent interest rate cuts have boosted investor confidence, contributing to a rally in Chinese stocks, including Alibaba. Technical indicators show bullish momentum for Alibaba's stock, though caution is advised as it approaches overbought territory.

Portfolio Pulse from Surbhi Jain

September 24, 2024 | 2:19 pm

RUN

TOL

Sunrun Inc (NASDAQ:RUN) shares rose after announcing a national partnership with Toll Brothers Inc (NYSE:TOL) to provide solar power and storage to Toll Brothers homes. Sunrun will be the exclusive solar provider for Toll Brothers homes in California and has a preferred agreement for other divisions. Morgan Stanley maintained an Overweight rating on Sunrun with a $35 price target.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 1:26 pm

SFWL

Shengfeng Development's shares rose following the renewal of its logistics services contract with BYD, indicating positive investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:23 pm

SFWL

Shengfeng Development Limited has renewed its logistics services contract with BYD. The financial terms of the renewal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:19 pm

GWH

ESS Tech, Inc.'s Australian partner, Energy Storage Industries – Asia Pacific, has raised AU$65 million to accelerate iron flow battery deployments. This investment supports ESI's 400MW annual production target using ESS technology, with core components manufactured by ESS in the US.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:16 pm

HAS

PARA

Disguise, Inc. has secured rights to design, produce, market, and distribute costumes for the upcoming film 'Transformers One' by Paramount Animation and Hasbro. The film is set to release on September 20, 2024, and is expected to generate excitement among fans.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:12 pm

LEGN

Multiply Labs and Legend Biotech have announced a collaboration to automate cell therapy manufacturing using advanced robotic technology. This partnership aims to enhance the efficiency and adoption of robotic systems in the cell and gene therapy industry.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:10 pm

DIS

GAP

GAP and Disney have announced an expansion of their longstanding relationship through new apparel collaborations. This partnership aims to introduce all-new clothing lines, potentially boosting both companies' brand visibility and sales.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:08 pm

WAB

The Indian Railways-Wabtec joint venture's Marhowra plant is set to start exporting Evolution Series locomotives to Africa by 2025, marking a significant step in international expansion.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:07 pm

BRZE

Braze (NASDAQ:BRZE) partners with BET+ for its Tech for an Equitable Future grant program, offering underrepresented founders access to Braze technology and BET+ mentorship.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:06 pm