Streetbeat News

Partnerships

AMCX

NFLX

AMC Networks has expanded its relationship with Netflix to curate prior seasons of 15 AMC branded shows on Netflix, launching on August 19. Additionally, AMC has entered a new licensing partnership with Sky for The Walking Dead Universe in the UK.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:06 am

GOOG

GOOGL

MSFT

PLTR

Palantir Technologies Inc. co-founder Joe Lonsdale supports the antitrust ruling against Google but criticizes FTC Chair Lina Khan. Lonsdale calls for more regulations to prevent big tech monopolies. Palantir expanded its partnership with Microsoft and reported strong Q2 revenue growth.

Portfolio Pulse from Ananya Gairola

August 09, 2024 | 10:45 am

CLSK

RIOT

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in Russia, diverging from the Central Bank's previous stance. This move contrasts with former U.S. President Donald Trump's pro-cryptocurrency campaign, which includes plans to mine all remaining Bitcoins in the U.S. and meetings with executives from U.S.-based Bitcoin mining companies like CleanSpark Inc. and Riot Platforms Inc.

Portfolio Pulse from Aniket Verma

August 09, 2024 | 10:38 am

AMZN

PDD

Colin Huang, founder of PDD Holdings (NASDAQ:PDD), has become China's richest person, surpassing Zhong Shanshan. This is attributed to the successful expansion of Pinduoduo's operations under the Temu brand, which rivals Amazon (NASDAQ:AMZN). Amazon is ramping up its recruitment of sellers in China to compete with Temu.

Portfolio Pulse from Ananya Gairola

August 09, 2024 | 9:49 am

KITT

Nauticus Robotics has partnered with Florida Atlantic University to conduct cost-effective testing of its Aquanaut Mark 2 vehicle. This collaboration is expected to save approximately 90% on development testing costs by utilizing FAU's facilities and nearby waters.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 6:49 am

AAPL

GOOGL

META

Meta CEO Mark Zuckerberg has criticized the current social media experience on smartphones as 'anti-social' and is focusing on developing Ray-Ban smart glasses to offer a more natural interaction. Meta has acquired a 5% stake in EssilorLuxottica to support this development. Rival Apple is also reportedly working on its own smart glasses, while Google has shown interest in partnerships with EssilorLuxottica.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 5:40 am

PLTR

SOUN

TSLA

TTD

On Thursday, major U.S. indices closed higher, with the Dow Jones Industrial Average rising nearly 1.8%, the S&P 500 surging 2.3%, and the Nasdaq climbing almost 2.9%. Key stocks that gained attention include Palantir Technologies, SoundHound AI, Unity Software, The Trade Desk, and Tesla. Palantir surged 11.25% due to a partnership with Microsoft. SoundHound AI rose 21.16% after acquiring Amelia and beating revenue estimates. Unity Software increased by 3.09% after beating financial estimates. The Trade Desk climbed 3.96% with strong financial results and high customer retention. Tesla rose 3.69% despite a survey showing declining appeal among younger generations.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 3:28 am

AAPL

MSFT

PLTR

Joe Lonsdale, co-founder of Palantir Technologies, discussed the current impact of AI on the economy, noting that while AI has not yet driven immediate growth, it holds potential for future productivity gains. Palantir's recent success, including a 27% revenue increase and a partnership with Microsoft, was highlighted. Lonsdale expressed skepticism about AI's immediate impact on Apple.

Portfolio Pulse from Ananya Gairola

August 09, 2024 | 2:20 am

TSNDF

TerrAscend Corp. (OTC:TSNDF) reported a 7.5% increase in net revenue for Q2 2024, reaching $77.5 million. The company also saw a 21.9% year-over-year growth in adjusted EBITDA, despite a net loss of $6.2 million. The company secured a $140 million term loan to support its geographic expansion.

Portfolio Pulse from Nicolás Jose Rodriguez

August 08, 2024 | 11:12 pm

LIF

Life360 has updated its agreements with Arity and Placer.ai to enhance member value and develop new revenue streams. These partnerships will support Life360's mobile apps on iOS and Android devices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:59 pm