Streetbeat News

Partnerships

RTX

RTX's Pratt & Whitney Canada and Collins Aerospace have been chosen by Airbus Helicopters to develop a hybrid-electric propulsion system for the PioneerLab technology demonstrator, aiming for a 30% improvement in fuel efficiency. Test flights are expected to begin in 2027.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:28 am

VALN

Valneva has secured up to $41.3 million from CEPI and the European Union to expand access to its chikungunya vaccine, IXCHIQ®. The funding will support clinical trials in vulnerable groups and technology transfer to an additional manufacturer for supply to Asian LMICs. IXCHIQ® is already approved for adults in the U.S., Canada, and Europe.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:02 am

AAPL

SONY

Apple Inc. (NASDAQ:AAPL) has extended a three-month free trial of its Apple TV+ service to owners of Sony Group Corp.’s (NYSE:SONY) PlayStation 4 and 5 models. This offer is valid until September 22, 2024, and is an upgrade from Apple's usual one-week trial period for new users.

Portfolio Pulse from Ananya Gairola

July 22, 2024 | 3:59 am

VWAGY

XPEV

Xpeng Inc (NYSE:XPEV) and Volkswagen AG (OTC:VWAGY) have announced a partnership to develop a new EV architecture, with project houses set up in Guangzhou and Hefei, China. The collaboration aims to start production by 2026, equipping all Volkswagen EVs in China with the new architecture. This partnership comes amid geopolitical tensions and market challenges for Chinese EV stocks.

Portfolio Pulse from Benzinga Neuro

July 22, 2024 | 2:48 am

VLKAF

XPEV

XPeng Inc. and Volkswagen Group have entered into a Master Agreement to jointly develop electrical/electronic architecture for vehicles in China. This collaboration will utilize Volkswagen's China Main Platform and Modular Electric Drive Matrix platform, with the first vehicle expected to start production within 24 months.

Portfolio Pulse from charles@benzinga.com

July 22, 2024 | 12:24 am

AMN

BKU

CLVT

EXPI

MARA

NATL

NFE

RIOT

VFC

VIRT

ZETA

Eleven mid-cap stocks performed exceptionally well last week (July 14-July 20). Key performers include Virtu Financial, V.F. Corporation, New Fortress Energy, Riot Platforms, Clarivate, AMN Healthcare Services, BankUnited, Marathon Digital Holdings, eXp World Holdings, Zeta Global Holdings, and NCR Atleos Corporation.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 4:07 pm

COIN

DHI

EPAM

LEN

MSTR

OQL

STT

TOST

UNH

WBD

Ten large-cap stocks, including Warner Bros. Discovery, Coinbase, and others, were the best performers last week. Key drivers included strategic business plans, earnings beats, and analyst upgrades.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 1:57 pm

GOOG

GOOGL

JBLU

SAVE

The selection of J.D. Vance as Donald Trump's vice-presidential candidate has raised concerns about the potential breakup of Alphabet Inc (GOOG, GOOGL). Market strategist Jay Woods, however, downplays these concerns, suggesting that Vance's influence may be limited and that Trump would be the primary decision-maker. The news also touches on the potential impact on the cryptocurrency industry and mentions the JetBlue-Spirit Airlines merger.

Portfolio Pulse from Chris Katje

July 21, 2024 | 1:13 pm

BYDDY

HYZN

KARS

TSLA

The EV sector experienced a significant downturn this week, influenced by broader market trends and specific company developments. Tesla raised prices for its Model S and Model X, while Ford shifted its EV production plans. Hyzon Motors saw a sharp decline due to a stock offering, and BYD expanded its dealership network in Vietnam. Additionally, Donald Trump announced plans to end the EV mandate if elected, which could impact the industry.

Portfolio Pulse from Shanthi Rexaline

July 20, 2024 | 3:22 pm

BLK

BTCUSD

The Trump campaign is targeting cryptocurrency voters, with Ohio Senator JD Vance playing a key role. Vance's pro-crypto stance and ownership of Bitcoin are seen as assets to attract the estimated 40 million American crypto owners. This demographic could significantly influence the 2024 election. The Republican Party has updated its platform to oppose the Democrats' regulatory approach to crypto.

Portfolio Pulse from Murtuza Merchant

July 19, 2024 | 8:13 pm