Streetbeat News

Partnerships

AMZN

GOOGL

IWR

PINS

VXF

RBC analyst Brad Erickson maintained an Outperform rating on Pinterest (NYSE:PINS) with a price target of $52, citing improved ad relevance and conversion due to strategic changes like direct links and an Amazon 3p partnership. Despite some mixed signals, Erickson remains optimistic about Pinterest's monetization improvements and structural value creation.

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 4:25 pm

BMR

ORCL

Beamr Imaging Ltd. (NASDAQ:BMR) shares are trading slightly lower after the company announced a demonstration with Oracle Cloud Infrastructure (OCI) to optimize high-quality video production from 3D designs. The demonstration will take place at SIGGRAPH 2024. Beamr also recently launched AI capabilities in its Beamr Cloud service. The stock is trading below its 50-day moving average but above its 200-day moving average.

Portfolio Pulse from Erica Kollmann

July 29, 2024 | 4:03 pm

LPTV

Loop Media, Inc. (AMEX:LPTV) shares are trading higher after announcing a content partnership with Red Bull and the launch of the Red Bull TV channel in all of Loop’s out-of-home venues nationwide. The channel will feature action sports and sports-related culture content. Loop Media shares are up 11% at 13 cents following the announcement.

Portfolio Pulse from Erica Kollmann

July 29, 2024 | 3:16 pm

RIVN

VWAGY

Rivian and Volkswagen have received approval from German authorities to form a joint venture. Volkswagen will invest up to $5 billion, with $3 billion going to Rivian and $2 billion in the joint venture, contingent on meeting certain milestones. The partnership aims to leverage Rivian's software expertise for next-gen EV architecture.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:19 pm

KD

VOD

Kyndryl and Vodafone Business have extended their partnership to enhance security and resiliency services for financial industry customers. The new agreement includes endpoint protection, vulnerability services, and web internet protection.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:43 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) announced a multi-year partnership with Tree Energy Solutions to leverage its AI software for green energy transition and decarbonization. This partnership is a significant step for both companies, enhancing data-driven decision-making in the energy sector. Palantir is also set to report its Q2 financial results on Aug. 5, with expectations of earnings of 8 cents per share and revenue of $652.141 million. The company has shown consistent GAAP profitability and has received a bullish price target of $50 from Wedbush analyst Dan Ives.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 1:22 pm

MULN

Mullen Automotive announced the sale of four Mullen CAMPUS EV cargo vans to DB Schenker for use on Intel's technology campus in Chandler, Arizona. Randy Marion Automotive has received full payment and delivered the vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:18 pm

EDBL

Edible Garden AG Incorporated (NASDAQ: EDBL) has announced that its products are now available at Seasons Kosher and Lincoln Market retail locations. This expansion into new retail chains is expected to increase the company's market reach and visibility.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:04 pm

SPNT

SiriusPoint and Hellenic Hull Management have announced a strategic partnership. SiriusPoint will provide underwriting support for high-quality marine hull and machinery risks. The partnership aims to strengthen long-lasting relationships in the marine insurance sector.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:04 pm

TNXP

Tonix Pharmaceuticals has been awarded up to $34 million by the U.S. Defense Threat Reduction Agency to develop broad-spectrum antiviral agents, focusing on the TNX-4200 program. This funding will support preclinical evaluation and a Phase 1 clinical study aimed at enhancing military medical readiness in biological threat environments.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:04 pm