Streetbeat News

Partnerships

INTC

MANU

QCOM

Qualcomm Inc (QCOM) has signed a sponsorship deal with Manchester United Ltd (MANU) to become the front-of-shirt sponsor, aiming to increase awareness of its Snapdragon brand as it expands into personal computing. The deal is reportedly worth over $76 million annually.

Portfolio Pulse from Anusuya Lahiri

July 01, 2024 | 3:19 pm

ELF

RBLX

Roblox (NYSE:RBLX) and E.L.F Beauty (NYSE:ELF) have expanded their collaboration, with E.L.F Beauty launching a digital storefront in Roblox's e.l.f. UP! experience to sell real-world merchandise. This move aims to enhance brand engagement and provide a seamless shopping experience for users.

Portfolio Pulse from Dylan Berman

July 01, 2024 | 3:14 pm

TNXP

Tonix Pharmaceuticals (NASDAQ:TNXP) has secured a $34 million contract with the U.S. Department of Defense to develop broad-spectrum antiviral agents. The contract aims to enhance military medical readiness against biological threats. TNXP shares are up 3.34% following the announcement.

Portfolio Pulse from Vandana Singh

July 01, 2024 | 3:07 pm

NNE

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares are trading higher, up nearly 50% over the past five days. The surge follows the company's MOU with Curio Solutions, the U.S. Senate's approval of the ADVANCE Act, a price target increase by Benchmark, and the acquisition of ALIP intellectual property.

Portfolio Pulse from Erica Kollmann

July 01, 2024 | 3:03 pm

ORCL

Hitachi Construction Machinery has migrated its large-scale, mission-critical business systems to Oracle Cloud Infrastructure, resulting in a 20% reduction in operating costs and improved performance.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:02 pm

COIN

The U.S. Marshals Service has selected Coinbase Prime to safeguard and trade its large cap digital assets. Coinbase was chosen for its custody and advanced trading services after a competitive evaluation process.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:54 pm

GMGI

Golden Matrix Group's Expanse Studios has announced a strategic partnership with Betika, Kenya's leading online gaming company. This collaboration aims to expand Expanse Studios' iGaming presence across Africa.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:52 pm

ASTS

IWM

IWO

T

VZ

AST SpaceMobile (NASDAQ:ASTS) stock is trading higher after CEO Abel Avellan announced a strategic partnership with Verizon (NYSE:VZ) and an existing agreement with AT&T (NYSE:T) to deploy a space-based cellular broadband network. The partnership aims to eliminate connectivity gaps in the U.S. and includes capital via prepayments and convertible notes. AST SpaceMobile plans to deploy a significant commercial communications satellite in low Earth orbit. The stock has gained over 155% in the last 12 months. Investors can also gain exposure via iShares Russell 2000 ETF (NYSE:IWM) and iShares Russell 2000 Growth ETF (NYSE:IWO).

Portfolio Pulse from Anusuya Lahiri

July 01, 2024 | 2:47 pm

QSR

THCH

Restaurant Brands International Inc. (NYSE:QSR) has announced two strategic transactions in China, acquiring Popeyes China and co-investing in TH International Limited (NASDAQ:THCH), also known as Tims China. The total capital outlay for these transactions will be up to $45 million, with plans to accelerate restaurant growth and establish local partnerships.

Portfolio Pulse from Shivani Kumaresan

July 01, 2024 | 2:39 pm

NNE

NANO Nuclear Energy shares are trading higher following the announcement of a Memorandum of Understanding (MoU) with Curio Solutions. The collaboration aims to optimize Curio's nuclear fuel recycling capabilities for next-generation portable nuclear microreactors.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 2:23 pm