Streetbeat News

Partnerships

PBA

Pembina Pipeline Corporation (NYSE: PBA) and KKR have partnered to acquire a 50% stake in Whitecap's Kaybob Gas Complex for $420 million. The transaction includes long-term take-or-pay agreements and future infrastructure development support for Whitecap's Lator growth area.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:05 am

ZEPP

Zepp Health has launched Zepp OS 4, integrating OpenAI's GPT-4o into its Amazfit smartwatches. This new operating system aims to enhance user experience with advanced AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:06 am

GOOGL

IDCC

InterDigital has entered into a new license agreement with Google, covering a range of devices including Pixel smartphones, Fitbit wearables, and other consumer electronics. The agreement licenses InterDigital's cellular wireless, Wi-Fi, and HEVC video patented technologies.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:02 am

WKEY

WISeKey's subsidiary WISeSat.Space is set to launch blockchain nodes with SpaceX to enhance satellite operations. This project aims to improve logistics, insurance, government regulations, and data security in the satellite industry by integrating blockchain technology. The initiative promises to bring transparency, trust, and efficiency to satellite operations, making them more reliable and cost-effective.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:19 am

SHIBUSD

Shiba Inu's lead developer, Shytoshi Kusama, hinted at aggressive promotion of Web3 and potential partnerships, stirring speculation in the crypto world. Kusama's cryptic messages have previously hinted at significant developments.

Portfolio Pulse from Aniket Verma

July 02, 2024 | 5:24 am

AMZN

GOOG

GOOGL

Alphabet's Google and Amazon-backed Anthropic are leading an initiative to redefine AI evaluation standards by funding the development of advanced AI benchmarks. This program aims to address current inadequacies in AI benchmarking and provide a more comprehensive evaluation of AI models, including generative models like Anthropic's Claude.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 4:45 am

CHWY

GME

OXY

Keith Gill, known as 'Roaring Kitty,' has made a $200 million investment in Chewy Inc. (CHWY), which has been questioned by Citron Research. Citron suggests that the investment may not be Gill's own money and finds Warren Buffett's 30% stake in Occidental Petroleum (OXY) more compelling. The news led to a surge and subsequent trading halt in Chewy's stock due to volatility. GameStop (GME) also saw a decline in its stock price following the news.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 3:38 am

NIO

TSLA

XPEV

Tesla shares rose 6.05% on Monday as investors anticipate quarterly delivery figures, with consensus estimates at 441,000 deliveries. Tesla also announced a partnership with New Zealand's Contact Energy to build a 100 MW battery storage system. Chinese EV stocks NIO, Li Auto, and XPeng also traded higher after reporting significant year-over-year delivery increases.

Portfolio Pulse from Erica Kollmann

July 01, 2024 | 9:45 pm

COIN

HOOD

SONY

Cryptocurrency markets are trading higher with Bitcoin, Ethereum, and Dogecoin starting July in the green. Miner selling is reportedly subsiding. Notable developments include Robinhood's acquisition of Pluto Capital, DOJ's partnership with Coinbase, and Sony's entry into crypto. Bitcoin's key metrics show a decline, but open interest is at a weekly high. The SEC is suing Silvergate for securities fraud.

Portfolio Pulse from Khyathi Dalal

July 01, 2024 | 8:57 pm

LMND

Lemonade has renewed its reinsurance program with its existing partners, set to commence on July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:33 pm