Streetbeat News

Partnerships

JOBY

Joby Aviation shares rose following rumors of a partnership with Virgin Atlantic to provide premium air-taxi services.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:33 pm

AZUL

Azul is facing challenges due to the devaluation of the Brazilian Real, capacity reductions from floods, and supply chain issues in 2024. The company is negotiating to optimize its equity structure for better profitability and liquidity, exploring cash-raising options with Azul Cargo, and considering potential partnerships or business combinations with Abra.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:19 pm

MULN

Mullen Automotive's stock is trading lower after announcing that its subsidiary, Bollinger Motors, has partnered with TEC Equipment to expand its commercial EV dealer network in the Western US. Despite recent milestones, including vehicle sales and EPA certification, MULN shares fell by 7.39%.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2024 | 5:57 pm

LUCY

TGT

Innovative Eyewear Inc (NASDAQ:LUCY) shares surged after announcing the sale of its Lucyd Lyte frames on Target.com, expanding its U.S. market presence. The stock, with a low float of 1.31 million shares, saw trading volume exceed 14 million, driving a 71.9% price increase.

Portfolio Pulse from Adam Eckert

August 29, 2024 | 5:51 pm

AAPL

MSFT

Apple is in discussions to invest in OpenAI as part of a new funding round, joining Microsoft and Thrive Capital. This move aims to strengthen Apple's position in the AI sector.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:45 pm

AZUL

Azul is in active discussions with its stakeholders, as reported by Bloomberg. The nature of these discussions has not been disclosed, but they could potentially involve strategic decisions impacting the company's operations or financial structure.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:33 pm

DAL

JOBY

Joby Aviation is rumored to have partnered with Virgin Atlantic for a commemorative eVTOL photo shoot in London. This aligns with its existing deal with Delta, which owns half of Virgin Atlantic, suggesting a partnership for premium air-taxi services from vertiports to airports.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:19 pm

USO

Iraq's Prime Minister has reaffirmed the country's commitment to OPEC's oil output policies and the OPEC+ agreement during a meeting with the OPEC Secretary General.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:36 pm

CCJ

DNN

LEU

UEC

UUUU

The International Atomic Energy Agency (IAEA) Chief Grossi is optimistic about his initial exchange with Iranian President Pezeshkian, hoping it will lead to an early visit to Iran and productive dialogue. This development could have implications for uranium-related companies.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:39 pm

CLSH

CRLBF

GRWG

NLCP

VRNOF

The Benzinga Cannabis Capital Conference, a key event for the cannabis industry, will take place in Chicago on October 8-9, 2024. It will feature influential speakers, networking opportunities, and discussions on market trends, legal landscapes, and cannabis technology.

Portfolio Pulse from Javier Hasse

August 29, 2024 | 3:12 pm