Streetbeat News

Partnerships

AMZN

DOX

Amdocs has signed a multi-year managed services agreement with TELUS to migrate their on-premise monetization operations to Amazon Web Services (AWS). This move aims to enhance flexibility, reliability, and scalability for TELUS, allowing them to bring new products to market faster and at reduced costs.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:55 pm

MRIN

RDDT

Marin Software has announced enhancements to its integrations with Reddit and X, allowing marketers to use AI-powered tools for intelligence, optimization, and automation to reach users on these platforms.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:35 pm

ATSG

Air Transport Services Group's subsidiary, Cargo Aircraft Management, has leased a Boeing 767-300 freighter.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:25 pm

ARWR

Arrowhead Pharmaceuticals has secured a $500M strategic financing facility with Sixth Street, including $400M funded at close and an additional $100M available. This non-dilutive capital will strengthen Arrowhead's balance sheet and support the advancement of its RNAi therapeutics pipeline.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:03 pm

PARA

PARAA

Paramount Global (NASDAQ:PARA) reported Q2 revenue of $6.81 billion, missing the Street consensus of $7.21 billion. Adjusted EPS was 54 cents, higher than last year's 10 cents but not directly comparable. The DTC segment grew 13%, while TV Media and Filmed Entertainment saw declines. Paramount+ revenue increased 46% year-over-year, despite a subscriber drop. The company announced a merger with Skydance Media, expected to close in the first half of 2025.

Portfolio Pulse from Chris Katje

August 08, 2024 | 8:32 pm

ACHR

Archer Aviation has announced the terms of its contract manufacturing relationship with Stellantis. Stellantis will contribute up to $400 million to support Archer's operations.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:31 pm

DRIV

KARS

TSLA

The 2024 presidential election could significantly impact the electric vehicle (EV) sector. A Trump victory might benefit Tesla (TSLA) due to Elon Musk's endorsement but could harm the broader EV market by potentially eliminating tax credits. Conversely, a Harris/Walz win would likely continue supportive policies for EVs, benefiting companies like Ford (F) and General Motors (GM), as well as ETFs like KARS and DRIV.

Portfolio Pulse from Chris Katje

August 08, 2024 | 7:35 pm

LCID

RIVN

WKSP

The latest earnings reports from Rivian and Lucid highlight the struggles of pure play EV makers and the importance of wealthy backers for their survival. Rivian benefits from a $5 billion joint venture with Volkswagen, while Lucid is supported by Saudi Arabia’s Public Investment Fund. Both companies are working on new models to attract customers. Worksport is also expanding its market presence with innovative products for electric pickups.

Portfolio Pulse from Upwallstreet

August 08, 2024 | 7:32 pm

MSFT

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are surging toward 52-week highs driven by better-than-expected Q2 financial results, raised guidance, and new partnerships with Wendy's and Microsoft. The company reported a 27% year-over-year revenue increase and a 41% growth in customer count. Analysts have lifted price targets, further boosting the stock. The new deals with Wendy's and Microsoft, particularly the integration of AI tools for U.S. government agencies, are key drivers of the stock's momentum.

Portfolio Pulse from Adam Eckert

August 08, 2024 | 6:49 pm

AMZN

PINS

Amazon is partnering with TikTok and Pinterest to boost its e-commerce business, which has been slow-growing compared to the rapid rise of social media shopping. This strategic move aims to leverage the popularity of these social media platforms to drive sales.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:44 pm