Streetbeat News

Partnerships

PENN

PENN Entertainment is unlikely to yield to activist pressure to sell at this early stage of executing a potentially game-changing online sports betting partnership with ESPN.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:52 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher after announcing a strategic partnership with Voyager Space to leverage AI in the space and defense sectors. The collaboration will enhance Voyager's defense segment and support real-time data processing for the Department of Defense.

Portfolio Pulse from Vaishali Prayag

June 27, 2024 | 6:22 pm

EQNR

GINX

IEZ

NDIV

OIH

SLB

Schlumberger Limited (SLB) has secured a contract from Equinor ASA (EQNR) for a 12-well, all-electric Subsea Production Systems (SPS) project in offshore Norway. This project aims to enhance operator control, operational efficiency, and reduce offshore emissions. Both SLB and EQNR shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 6:12 pm

CRWD

CrowdStrike, Inc. (NASDAQ:CRWD) announced partnerships with Ingram Micro, M3Corp, and Tecnología Especializada Asociada de México to enhance the distribution of its Falcon platform across Latin America. This move aims to address the surge in sophisticated electronic crime in the region by providing unified cybersecurity solutions.

Portfolio Pulse from Dylan Berman

June 27, 2024 | 6:06 pm

UPST

Upstart's lending solution is now fully operational, providing dealers with workarounds and support for manual pricing verification from CDK DMS. Features like instant rehashing, digital document collection, and e-contracting are enabling continued car sales and financing.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:52 pm

AEP

EXC

Talen Energy has responded to objections from Exelon and AEP regarding its contract with AWS to sell long-term, committed power from the Susquehanna ISA. Talen asserts its right as a competitive generation company to enter into such agreements.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:34 pm

CCG

NIO

Cheche Group Inc. (NASDAQ:CCG) shares are trading higher after the company announced a partnership with Beijing Anpeng Insurance Broker Co., Ltd. This collaboration aims to strengthen Cheche's ties with new energy vehicle manufacturers in China. Additionally, Cheche's recent partnerships have led to significant growth in insurance policies and premiums.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2024 | 5:21 pm

RIVN

TSLA

VWAGY

WKSP

XPEV

Volkswagen is investing $5 billion in Rivian to form a joint venture focused on developing next-generation vehicle software. This partnership aims to enhance both companies' competitiveness in the EV market, particularly against Tesla. Rivian will use the funds to scale up manufacturing and build a new factory in Georgia. Additionally, Worksport is launching a solar-powered tonneau cover, SOLIS, which could add up to 10 miles of range per day for EVs.

Portfolio Pulse from Upwallstreet

June 27, 2024 | 5:16 pm

PLTR

Palantir shares are trading higher following the announcement of a partnership with Voyager Space.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:03 pm

4502.JP

ASPHF

Ascentage Pharma Group International (OTC:ASPHF) has entered into a partnership with Takeda International, giving Takeda an option to market Ascentage's leukemia drug, olverembatinib, outside of China and Russia. The deal includes an initial payment of $100 million and potential milestone payments up to $1.2 billion. Takeda has also taken a 7.73% equity stake in Ascentage. This partnership alleviates Ascentage's liquidity crisis and boosts investor confidence, as evidenced by a significant rise in its stock price.

Portfolio Pulse from The Bamboo Works

June 27, 2024 | 4:43 pm