Streetbeat News

Partnerships

GOOG

GOOGL

Google and ENGIE have signed new Corporate Power Purchase Agreements (cPPAs) for 118 MW of renewable power in Belgium. ENGIE will support Google's operations and expansion in Belgium with energy from new and existing wind farms. This partnership aligns with Google's goal of achieving net-zero emissions and 24/7 carbon-free energy by 2030.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 4:11 pm

ACHR

STLA

Archer Aviation Inc. (NYSE:ACHR) shares are trading higher after receiving an additional $55 million investment from Stellantis N.V. (NYSE:STLA) following a successful transition flight test milestone. This investment is part of a strategic funding agreement and adds to previous investments and stock purchases by Stellantis. Archer plans to develop an air mobility network in the San Francisco Bay Area.

Portfolio Pulse from Erica Kollmann

July 02, 2024 | 4:03 pm

BYDDF

BYDDY

SCGLY

BYD Company (OTC:BYDDF) has partnered with French car-leasing firm Ayvens SA to distribute its electric vehicles in Europe, initially targeting France, the Netherlands, Belgium, and Luxembourg. The partnership aims to provide tailored EV fleet solutions and white-labelled leasing services. BYD is also increasing its presence in Europe by sponsoring Euro 2024 and building a factory in Hungary. However, BYD faces regulatory challenges as the EU plans to impose tariffs on Chinese-made EVs.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 3:58 pm

VS

Versus Systems, Inc. (NASDAQ:VS) stock is rising after announcing Curtis Wolfe as the new Interim CEO and plans for strategic restructuring. The company aims to evaluate its technologies, product offerings, and partnerships to create new growth opportunities.

Portfolio Pulse from Dylan Berman

July 02, 2024 | 3:50 pm

TSLA

UBER

Tesla Inc (NASDAQ:TSLA) reported second-quarter deliveries and is gearing up for its robotaxi day event on Aug. 8, which could be a significant revenue driver. Elon Musk's recent follow of Uber Technologies (NYSE:UBER) co-founder Travis Kalanick on X has sparked speculation about potential collaboration. Bank of America highlighted Uber as a top investment idea for the second half of 2024, noting partnerships with Costco and Instacart.

Portfolio Pulse from Chris Katje

July 02, 2024 | 2:58 pm

CSLLY

MRNA

The US Department of Health and Human Services (HHS) announced that eight laboratories have signed royalty-free agreements for H5N1 tests. Moderna has a deal that allows it to pivot to other pandemic threats, though it's too early to determine its vaccine production capacity. The first H5N1 vaccines from CSL Seqirus are expected to be ready by mid-July.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:58 pm

OPTT

Ocean Power Technologies (OPTT) shares surged 62.9% after announcing a partnership with Unique Group to deploy autonomous vehicle services in the Middle East. The collaboration aims to expedite the adoption of USVs in the UAE and other Gulf countries. Additionally, OPTT recently signed an agreement with Teledyne Marine to enhance its product offerings.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 2:51 pm

LINRF

Liontown Resources has entered a $250 million strategic partnership with LG Energy Solution to secure lithium supply. The deal includes a 15-year supply agreement and potential development of a lithium refinery. Liontown's stock rose over 7% on the news.

Portfolio Pulse from Stjepan Kalinic

July 02, 2024 | 2:39 pm

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) and NASA Stennis Space Center successfully completed the primary objectives of the NASA ASTRA payload mission on July 1, 2024. This milestone marks significant progress in the development of autonomous systems for aerospace applications.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:08 pm

EWY

IBKR

Interactive Brokers has launched a Eurex/KRX link with extended trading hours for Korean KOSPI 200 derivatives. This move aligns trading opportunities across Korean, US, and European time zones, providing seamless access for investors.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:03 pm