Streetbeat News

Partnerships

MSFT

OpenAI has started rolling out its new voice assistant after addressing safety concerns that caused a delay. This development is significant for OpenAI's operations and its partnership with Microsoft, which has invested heavily in the AI company.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:34 pm

AMZN

WBD

Amazon.com Inc (NASDAQ:AMZN) has secured NBA rights for $1.8 billion annually, aiming to boost Prime Video subscribers. However, a Benzinga poll indicates limited impact, with only 10% of non-subscribers willing to join for NBA content. Warner Bros. Discovery (NASDAQ:WBD) is suing the NBA over the deal, claiming a contractual right to match Amazon's offer.

Portfolio Pulse from Chris Katje

July 30, 2024 | 6:26 pm

SMWB

You.com and Similarweb have announced a strategic collaboration aimed at enhancing productivity. This partnership is expected to leverage the strengths of both companies to deliver improved services and tools for their users.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 5:44 pm

CAN

CORZ

MARA

A new report by Bernstein highlights a $20 billion revenue opportunity in Bitcoin mining hardware over the next five years, driven by new U.S.-based players like Block and Auradine. This could disrupt the dominance of Chinese companies like Bitmain, MicroBT, and Canaan (NASDAQ:CAN). Block has partnered with Core Scientific (NASDAQ:CORZ) to develop advanced 3nm mining ASICs, while Auradine, backed by Marathon (NASDAQ:MARA), is shipping its AT1500 Teraflux miners. The increased competition is expected to benefit U.S. miners with improved efficiency and reduced costs.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 5:08 pm

BA

EADSY

Leonardo's CEO announced plans to return to 'Rate 10' for Boeing fuselages by 2025 and is in talks with Airbus to expand collaboration on the A220's rear fuselage. The company is also negotiating with Boeing over the slowdown in 787 production but sees positive long-term prospects for the B787.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:23 pm

CNSP

CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) initially saw its shares rise on Tuesday following the announcement of an exclusive license agreement with Cortice Biosciences for TPI 287, a potential treatment for glioblastoma multiforme (GBM). However, the stock later reversed and is now trading 60% lower at 41 cents. The agreement includes the issuance of 616,698 shares of CNS common stock and potential future milestone payments. CNS plans to consult with the FDA and start a study in 2025.

Portfolio Pulse from Dylan Berman

July 30, 2024 | 4:21 pm

GOOG

GOOGL

Google has announced a new partnership with Typeface, a creative platform, to introduce new AI tools for Performance Max campaigns.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:06 pm

PINS

Pinterest Inc (NYSE:PINS) shares are trading higher as investors anticipate the company's second-quarter earnings report. Analysts expect EPS of 28 cents on revenue of $847.8 million. RBC analyst Brad Erickson reaffirmed an Outperform rating with a $52 price target, citing strong potential for monetization improvements and a partnership with Amazon.

Portfolio Pulse from Henry Khederian

July 30, 2024 | 3:29 pm

BA

SPR

Spirit AeroSystems announced that it expects the completion of its transactions with Boeing to occur by mid-2025, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:27 pm

AMZN

BABA

PDD

Temu, an online marketplace owned by PDD Holdings, faces supplier protests in China over its shift to a semi-managed model. This change aims to recruit Amazon merchants with goods in U.S. and EU warehouses to mitigate tax loophole risks and reduce delivery times. Alibaba and Amazon are mentioned as rivals.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 3:20 pm