Streetbeat News

Partnerships

VSEE

VSee Health shares are trading higher following the announcement of an agreement with Ava Robotics to develop telepresence solutions for the inpatient intensive care market.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:33 am

BW

Babcock & Wilcox Construction Co. has been awarded a $25 million contract for outage and maintenance services at a U.S. power plant.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:32 am

IBM

NVDA

TSM

Japanese startup Rapidus, backed by IBM, will begin test production of 2-nanometer semiconductors in April, aiming to revitalize Japan's chip industry. Despite being behind global rivals, Rapidus plans to offer faster response times and smaller batch production. IBM's partnership with Rapidus aligns with its AI sector growth and diversification strategy.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 10:27 am

BP

EIPX

HJEN

BP p.l.c. (NYSE:BP) shares are trading lower today after the company signed a memorandum of understanding (MoU) with the Iraqi Government for a major redevelopment initiative in the Kirkuk region. The MoU includes investments in oil and gas, power generation, solar energy, and additional exploration activities. BP also completed its acquisition of GETEC ENERGIE GmbH, enhancing its European gas and power footprint. BP reported strong Q2 FY24 results, beating estimates and announcing a 10% increase in interim dividend and $1.75 billion in share buybacks.

Portfolio Pulse from Lekha Gupta

August 02, 2024 | 9:52 am

AMZN

META

NVDA

Amazon CEO Andy Jassy highlighted the company's multi-faceted AI strategy during a recent earnings call, emphasizing the role of Amazon Web Services (AWS) and partnerships with companies like Nvidia. Despite advancements in AI, Amazon faces challenges such as declining average selling prices and external factors impacting revenue forecasts.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 9:30 am

NCTY

SMI Vantage Limited and The9 Limited have signed a Cooperation Agreement to enhance their partnership in Bitcoin mining and explore new AI opportunities. SMI Vantage will host up to 100 of The9's bitcoin machines and explore new digital mining locations in Southeast Asia and the Middle East. The companies will also look for AI technology collaboration opportunities.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 9:15 am

MAR

Marriott International, Inc. has signed an agreement with Zhong An Commercial Group to launch W Hangzhou in Qianjiang Century City, anticipated to open in 2031. The hotel aims to become a symbol of luxury hospitality in Hangzhou's new CBD.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:57 am

CVX

HES

XOM

Exxon Mobil (XOM) is expected to report higher Q2 earnings and revenue, with analysts projecting $2.01 EPS and $90.99 billion in revenue. The company, along with CNOOC Ltd, has filed arbitration claims regarding Hess Corp's (HES) stake in a Guyana joint venture, potentially affecting Chevron's (CVX) acquisition of Hess. Recent analyst ratings show mixed views on Exxon Mobil's stock.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:33 am

AAPL

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook did not provide specific details about the partnership with OpenAI during the third-quarter earnings call. The collaboration, announced at WWDC 2024, integrates ChatGPT into Siri and new writing tools. Apple's revenue for the quarter grew by 4.9%, surpassing expectations.

Portfolio Pulse from Ananya Gairola

August 02, 2024 | 2:06 am

COR

WBA

Walgreens Boots Alliance (WBA) has sold all its remaining unencumbered shares of Cencora (COR) for approximately $1.1 billion. The proceeds will be used for debt paydown and general corporate purposes. WBA's ownership in COR has decreased from 12% to 10%, but their long-term partnership remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:22 pm