Streetbeat News

Partnerships

HUT

Hut 8 Corp. (NASDAQ:HUT) shares surged 17.92% on Monday as Bitcoin prices climbed above $63,000. The rally in Bitcoin is attributed to investor optimism about a potential second term for former President Donald Trump. Additionally, Hut 8 recently secured a power purchase agreement for a site in West Texas, enhancing its operational capacity. Analysts have mixed price targets for Hut 8, with a 12-month average target of $13.07.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 8:24 pm

CYN

Cyngn Inc. (NASDAQ:CYN) shares surged over 50% following the announcement of a new U.S. patent and a partnership with Alta Equipment Group. The company has been volatile, with shares being halted multiple times. Despite reporting a significant loss last quarter, the stock price has reacted positively to recent developments.

Portfolio Pulse from Vaishali Prayag

July 15, 2024 | 8:15 pm

PL

Planet Labs PBC (NYSE:PL) has appointed former YouTube CEO Susan Wojcicki to its Board of Directors. Wojcicki's extensive experience in the technology industry is expected to support Planet's growth and scalability. This marks the second board addition since the company went public in December 2021.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:04 pm

KOPN

Kopin Corporation and Wilcox Industries have partnered to develop a Modular Dismounted Soldier System, which includes integrated day and night heads-up display optical solutions.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 8:02 pm

AFRM

Affirm Holdings, Inc. (NASDAQ:AFRM) shares are moving higher due to a new partnership with RONA inc., allowing RONA customers to use Affirm's Buy Now, Pay Later service for online purchases. This partnership aligns with both companies' strategies to enhance customer convenience and adapt to evolving shopping habits.

Portfolio Pulse from Vaishali Prayag

July 15, 2024 | 7:58 pm

TRIB

The Department of Veterans Affairs has awarded a $4 million contract to Biopool US for cost-per-test services. This contract is expected to enhance the efficiency and cost-effectiveness of medical testing services provided to veterans.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 6:13 pm

ISRA

SPY

U.S. Secretary of State Antony Blinken met with Israeli officials Ron Dermer and Tzachi Hanegbi to discuss ceasefire negotiations between Israel and Hamas. The U.S. State Department believes that the remaining issues can be resolved, and Israeli officials have reaffirmed their commitment to reaching a ceasefire.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 5:31 pm

MULN

Mullen Automotive's subsidiary, Bollinger Motors, has secured an agreement to sell 70 all-electric Class 4 Bollinger B4 commercial EV trucks to Doering Fleet Management, valued at approximately $11.5 million. Despite an initial spike, Mullen's stock remains slightly lower on the session.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 5:07 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher after announcing a partnership with Texans Credit Union. The stock rose 17% last week and is up 8.82% today. The company is trending on social media and has high short interest, which can lead to large price movements.

Portfolio Pulse from Erica Kollmann

July 15, 2024 | 4:53 pm

AMZN

BE

Bloom Energy is reportedly partnering with Amazon to power an Amazon data center, according to circulating analyst comments.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 4:39 pm