Streetbeat News

Partnerships

NFLX

Bill Gates, inspired by Warren Buffett's work ethic, has no plans to retire and continues to work on projects related to disease prevention, climate change, and education. Gates' efforts will be featured in a new Netflix docuseries premiering on September 18.

Portfolio Pulse from Chris Katje

September 09, 2024 | 5:03 pm

BABA

PNQI

XNTK

Alibaba Group Holding (NYSE:BABA) is joining China's Stock Connect program, allowing mainland investors to invest in the company. This move is expected to attract significant capital inflows, potentially up to $12 billion in six months. Alibaba's inclusion aligns it with other major Chinese tech firms like Tencent and Xiaomi.

Portfolio Pulse from Anusuya Lahiri

September 09, 2024 | 4:47 pm

EINC

KKR

PBA

Pembina Pipeline Corporation's joint venture, Pembina Gas Infrastructure Inc. (PGI), has reached a significant agreement with Veren Inc. to acquire oil batteries in Canada for CAD$400 million. This deal is expected to enhance Pembina's infrastructure and generate substantial EBITDA. The acquisition is set to close in Q4 2024.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 4:27 pm

OCFS

PSN

SHLD

Parsons Corporation (NYSE:PSN) shares rose after securing a $68.5M contract from the U.S. Army Corps of Engineers for building army housing in the Kwajalein Atoll. This is Parsons' second such contract in a year, and they are also on the Pre-Qualified Source Listing for future large orders. The stock is up 5.54% following the news.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 4:11 pm

ETHUSD

Ether.fi is launching a blockchain-based credit card, Ether.fi Cash, in partnership with Scroll, an Ethereum Layer-2 network. The card allows users to spend fiat while using crypto as collateral, offering 3% cash-back and crypto-based rewards. Initially available internally, it will ship to pre-order customers on Sep. 16, but won't be available in the U.S. due to regulatory concerns.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 3:53 pm

NMRK

OWL

Newmark Group, Inc. advised on a $5 billion joint venture between Blue Owl Capital, Chirisa Technology Parks, and PowerHouse Data Centers to develop AI/high-power computer data centers across the U.S. The initial phase will deliver 120 megawatts of capacity for CoreWeave by 2026.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:36 pm

AAPL

FINX

IPAY

PYPL

SHOP

PayPal expands its partnership with Shopify, becoming an additional card processor for Shopify Payments in the U.S. This integration aims to enhance payment options and operational efficiency for merchants. PayPal is also integrating with Apple mobile wallet and expanding its partnership with Fiserv.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 3:14 pm

AAPL

FOX

UNVGY

Kendrick Lamar will perform at the Super Bowl LIX Halftime Show, potentially boosting Apple, Fox, and Universal Music. The event, broadcast by Fox, could increase viewership and ad rates. Apple's partnership with the NFL may enhance its music features, while Universal Music could benefit from Lamar's music sales.

Portfolio Pulse from Chris Katje

September 09, 2024 | 3:05 pm

CRMD

CorMedix Inc. has signed a multi-year commercial supply contract with a global healthcare company to supply DefenCath to US facilities. The product targets up to 4,000 patients and shipments are expected to begin in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:53 pm

FDX

WKHS

Workhorse Group's stock is rising after FedEx placed an order for 15 W56 step vans, aiding FedEx's carbon neutrality goals. The vans are highly efficient, achieving 31 MPGe compared to the national average of 7 MPG for delivery trucks.

Portfolio Pulse from Dylan Berman

September 09, 2024 | 2:52 pm