Streetbeat News

Partnerships

MESA

XTIA

XTI Aerospace (NASDAQ:XTIA) shares surged after announcing Mesa Air Group (NASDAQ:MESA) as the purchaser of up to 100 TriFan 600 aircraft, potentially generating $1 billion in revenue. Mesa Air is also an investor in XTI Aerospace. The news led to heavy trading volume for XTIA shares.

Portfolio Pulse from Erica Kollmann

June 05, 2024 | 3:49 pm

DDD

3D Systems Corporation (NYSE:DDD) shares surged 21.1% after announcing a significant purchase agreement for its 3D printing technology used in producing clear aligners. The deal, valued at up to $250 million through 2028, strengthens 3D Systems' position in the dental market and is expected to drive further expansion.

Portfolio Pulse from Dylan Berman

June 05, 2024 | 3:44 pm

HPE

NVDA

Hewlett Packard Enterprise (HPE) is set to announce new solutions in collaboration with NVIDIA (NVDA) at a conference next week, as revealed in a Bloomberg TV interview.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:41 pm

AFRM

FINX

IPAY

Affirm Holdings, Inc (NASDAQ:AFRM) has expanded its partnership with Alterra Mountain Company, allowing travelers to pay over time for various services. This move aims to enhance the purchase experience and drive value through increased payment flexibility. Affirm's stock has gained 95% in the last 12 months, and investors can gain exposure via Amplify Mobile Payments ETF (NYSE:IPAY) and Global X FinTech ETF (NASDAQ:FINX).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 3:20 pm

APA

EIPX

TTE

TotalEnergies (TTE) and APA Corporation (APA) are nearing a Final Investment Decision (FID) for developing offshore Block 58 in Suriname, expected in Q4 2024. Production is set to begin in 2028, with significant advancements in engineering studies and resource estimation. Investors can gain exposure via the First Trust ETF (EIPX).

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 3:17 pm

CSCO

SPLK

Cisco and Splunk have unveiled a new integrated full-stack observability experience aimed at providing customers with enhanced visibility and real-time insights across their digital environments. This integration is designed to support both traditional and modern application architectures, offering a cohesive experience and setting the stage for future innovations.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:08 pm

PCAR

PACCAR shares are trading higher after the company announced the completion of its joint venture with Accelera and Daimler Truck & Buses to localize battery cell production and the battery supply chain.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:06 pm

BYDDF

BYDDY

TSLA

BYD's battery unit, FinDreams, will start supplying cells to Tesla's energy storage division in China from Q1 next year. FinDreams is expected to supply over 20% of the cells for Tesla's Shanghai Megafactory, which has an annual capacity of 40 GWh.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 3:03 pm

BA

Elon Musk extended his best wishes to Boeing for the first crewed test flight of their Starliner spacecraft to the ISS. The mission, crucial for Boeing's entry into the commercial spaceflight sector, faced multiple delays but was successfully launched on June 5.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 2:53 pm

EWC

SNDL

SNDL's CEO anticipates significant consolidation in the Canadian cannabis sector over the next 3 to 5 years, as stated during the KCSA Investor Conference.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:50 pm