Streetbeat News

Partnerships

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

MRK

Merck shares are trading higher after the company and Orion announced the mutual exercise of an option to convert their co-development and co-commercialization agreement for opevesostat into an exclusive global license for Merck.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:34 pm

DTSS

Datasea Inc (NASDAQ:DTSS) shares surged 37% to $6.17 after announcing three sales agreements with its Chinese subsidiaries, totaling approximately $61.7 million. The contracts involve 5G AI multimodal communication services and high-tech acoustic products, expected to boost customer orders and market traction.

Portfolio Pulse from Henry Khederian

July 01, 2024 | 4:27 pm

DTSS

Datasea shares are trading higher following the announcement of three new sales agreements involving its subsidiaries in China.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:23 pm