Streetbeat News

Partnerships

FREY

Freyr Battery Inc (NYSE:FREY) shares are trading higher after the company announced a significant technical achievement at its Customer Qualification Plant in Norway. The company successfully produced unit cells in a continuous process, which enhances its production capabilities and strengthens its position as an industrialization partner.

Portfolio Pulse from Adam Eckert

June 24, 2024 | 3:21 pm

EWC

FXI

TSLA

Canada's Finance Minister announced measures to protect the auto industry from unfair competition, particularly from China's overcapacity in electric vehicles (EVs). A 30-day consultation starting July 2 will explore potential policy responses, including tariffs on Chinese EVs. This move aligns with actions from the EU and U.S.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 3:16 pm

AVGO

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSM) is set to play a crucial role in a potential collaboration between ByteDance and Broadcom (AVGO) for developing a 5-nanometer AI processor. TSM stock is trading lower on Monday despite its significant gains over the past year. Investors can gain exposure to the semiconductor sector via VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX).

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 3:11 pm

IIPR

Cody Shandraw, president of Healing Realty Trust, discussed the role of real estate in the growth of psychedelic therapies on Benzinga’s Cannabis Insider podcast. Shandraw highlighted the importance of specialized facilities for treatments like MDMA-assisted therapy and mentioned his investment in Innovative Industrial Properties (NYSE:IIPR) as a pivotal moment. Healing Realty Trust aims to develop real estate solutions to support the expansion of psychedelic therapies, with potential future expansions and an IPO.

Portfolio Pulse from Patricio Liddle

June 24, 2024 | 3:01 pm

XELA

Exela Technologies, Inc. (NASDAQ:XELA) shares surged 17.5% after securing a $35 million contract for security breach remediation. The contract, which started in June and ends next month, is expected to boost Exela's ITPS segment. Exela's global presence and comprehensive service offerings position it as a key player in the cybersecurity and BPA sectors.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 2:47 pm

EOSE

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) shares surged by 20.3% following the announcement of a strategic investment of up to $315.5 million from Cerberus Capital Management. The investment will support Eos' growth plans, including scaling operations and enhancing profitability amidst rising global energy demands.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 2:33 pm

ABAT

BASFY

F

GM

STLA

TSLA

Major automakers are targeting lithium supply from American Battery Technology Co. (ABAT) as the company develops one of the largest lithium deposits in the U.S. at its Tonopah Flats project. The company is also involved in battery recycling and has partnerships with BASF and the U.S. Advanced Battery Consortium. Automakers like Ford, GM, and Tesla are seeking lithium sources to meet the growing demand for electric vehicle batteries.

Portfolio Pulse from Matt Whittaker

June 24, 2024 | 2:18 pm

GEHC

GE HealthCare and Heart Hospital of New Mexico at Lovelace Medical Center have collaborated to install the first Allia IGS Pulse Electrophysiology Lab in the U.S. This system aims to enhance image quality and workflow for cardiovascular procedures.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:01 pm

META

Meta shares are trading higher following a report suggesting the company and Apple have discussed an AI partnership.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:01 pm

MVST

Microvast Holdings has announced a strategic partnership with Evoy to enter the electric boat market. This partnership aims to expand battery options for high-output electric motor systems.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:00 pm