Streetbeat News

Partnerships

DOGG

IBM

TDVI

IBM shares are trading higher following the inclusion of two IBM-developed algorithms in the first post-quantum cryptography standards by NIST. IBM is also partnering with WWF to develop AI solutions for monitoring endangered species and has launched generative AI enhancements for its security services. IBM stock has gained around 35% in the last 12 months.

Portfolio Pulse from Lekha Gupta

August 14, 2024 | 3:30 pm

ECX

LOT

MBLY

Ecarx Holdings Inc. (NASDAQ: ECX) reported a 31% revenue growth in Q2, primarily driven by sales to Geely and its subsidiaries. Despite efforts to diversify, Ecarx remains heavily reliant on Geely, posing a risk if the relationship weakens. The company's gross profit margin dropped, and net loss increased significantly. Ecarx is attempting to expand its customer base, including a new design win from a European automaker and ongoing projects with non-Geely automakers.

Portfolio Pulse from The Bamboo Works

August 14, 2024 | 3:28 pm

GOOG

PTON

Peloton Interactive Inc (NASDAQ:PTON) shares are experiencing increased attention due to a new content distribution deal with Alphabet Inc's (NASDAQ:GOOG) Fitbit. The partnership will offer Peloton classes to Fitbit Premium users starting in early September. Despite an initial premarket rise, Peloton shares fell by 3.64% by Wednesday afternoon.

Portfolio Pulse from Adam Eckert

August 14, 2024 | 3:23 pm

NNE

Rwanda has signed an agreement with Nano Nuclear Energy Inc to develop nuclear energy by constructing small modular reactors (SMRs) and microreactors. The deal includes technical assistance, training, and education, with construction expected to begin in the next few years.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:46 pm

GOOG

GOOGL

TMUS

Google, under Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), has launched its latest Pixel 9 series at the Made by Google event. The new lineup includes four models: Pixel 9, Pixel 9 Pro, Pixel 9 Pro XL, and Pixel 9 Pro Fold, featuring advanced AI capabilities and significant camera upgrades. Despite some glitches during the live demonstration, the series has been well-received. T-Mobile US, Inc. announced exclusive deals on the new Pixel devices, offering up to $1,000 off select models with trade-ins or new lines.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 2:36 pm

SABR

Sabre Corporation and WestJet have signed a multi-year renewal agreement to provide travel agencies access to a full range of NDC offers and traditional content through the Sabre Global Distribution System.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:35 pm

LTRY

Lottery.com Inc. (NASDAQ:LTRY) announced that Sports.com has expanded its partnership with Bango PLC to reach new markets worldwide through Bango's international distribution network.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:27 pm

NNE

NANO Nuclear Energy has appointed former Congressman and District Attorney Dan Donovan as Chairman for Market Intelligence. Donovan, a former member of the House Homeland Security Committee, brings significant expertise and contacts to the company.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:40 pm

REBN

Reborn Coffee Inc (NASDAQ:REBN) shares surged by 40% to $3.90 after announcing a Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co. to expand into China. The partnership will establish Reborn Coffee's presence in Shenyang, the capital of Liaoning Province, and aims for further expansion across the province.

Portfolio Pulse from Henry Khederian

August 14, 2024 | 1:34 pm

ACB

TLRY

Khalifa Kush, a cannabis brand founded by Wiz Khalifa, is set to enter the German medical cannabis market in early 2025 through a partnership with Sanity Group. The brand will introduce two exclusive strains in over 3,000 pharmacies. The German medical marijuana market is projected to reach €1.7 billion by 2025, attracting global companies like Aurora Cannabis and Tilray.

Portfolio Pulse from Nina Zdinjak

August 14, 2024 | 1:30 pm