Streetbeat News

Partnerships

PARA

WBD

Paramount is in talks to explore a merger involving its streaming service, Paramount+. Warner Bros. Discovery is interested in a joint venture with Max and Paramount+. Media companies are seeking better monetization of streaming content amid losses.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:06 pm

CLSK

HUT

MARA

RIOT

Bitcoin miners have reduced their selling volume, potentially leading to a rally in Bitcoin prices. This could positively impact Bitcoin mining stocks such as Marathon Digital Holdings, Riot Platforms, CleanSpark, and Hut 8.

Portfolio Pulse from Khyathi Dalal

July 01, 2024 | 6:57 pm

NVDA

Nvidia VP Simona Jankowski has joined chip startup Lightmatter as CFO. Jankowski, who spent nearly seven years at Nvidia, will help Lightmatter leverage its silicon photonics technology. Nvidia shares are trading higher by 0.30%.

Portfolio Pulse from Shivani Kumaresan

July 01, 2024 | 6:29 pm

AMZN

RIVN

Rivian is accelerating the shipment of its delivery vans to Amazon in Europe, marking a significant step in their partnership and expansion into the European market.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:04 pm

CMCSA

FUBO

FuboTV has announced a partnership with NBCUniversal to provide multi-platform coverage of the Paris Olympics. Subscribers will have access to live daytime events, primetime shows, and extensive Olympic programming across various NBCUniversal channels and platforms.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:02 pm

COIN

The U.S. Marshals Service has selected Coinbase Prime (NASDAQ:COIN) to custody and trade $32M in large cap digital assets. This decision highlights the growing trust in Coinbase's secure infrastructure and its role in institutional digital asset management.

Portfolio Pulse from Murtuza Merchant

July 01, 2024 | 6:02 pm

IZEA

Hoozu, a subsidiary of IZEA Worldwide, has acquired the Australian talent management agency 26 Talent. This acquisition aims to strengthen IZEA's presence in the APAC region and enhance its capabilities. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 6:01 pm

BX

DLR

IDGT

SRVR

Goldman Sachs has initiated coverage on Digital Realty Trust (DLR) with a Buy rating and a price target of $175, citing strong AI and hyperscaler demand. The company's improved capital position following a joint venture with Blackstone (BX) is also noted. JP Morgan and BMO Capital have similarly upgraded their ratings and price targets for DLR. Investors can gain exposure through ETFs like SRVR and IDGT.

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 6:00 pm

WKHS

Workhorse Group (NASDAQ:WKHS) shares are trending on Monday following the announcement that its 750 medium duty electric vehicle will be showcased at the 14th Annual Clean Energy Roadshow. Additionally, Workhorse introduced a new upfit program through its partnership with Surefitters, offering 13 pre-configured packages for dealers.

Portfolio Pulse from Dylan Berman

July 01, 2024 | 5:47 pm

MRK

Merck & Co Inc (NYSE:MRK) announced the exercise of an option to convert its co-development and co-commercialization agreement with Orion for opevesostat into an exclusive global license. Merck will now have global exclusive rights to develop and commercialize the drug and will assume all associated expenses. Orion will receive milestone payments and royalties. MRK shares are up 3.44% following the announcement.

Portfolio Pulse from Vandana Singh

July 01, 2024 | 5:26 pm