Streetbeat News

Partnerships

AES

AES has announced a strategic partnership with an AI fund to accelerate the energy transition using artificial intelligence. This collaboration aims to enhance the efficiency and sustainability of energy solutions.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:27 am

OPTN

Optinose announced that its product Xhance (Fluticasone Propionate) has been added to Express Scripts' national formularies, including the National Preferred, Flex, and Basic Formularies.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:11 am

BABA

Alibaba.com has reaffirmed its commitment to supporting Micro, Small, and Medium Enterprises (MSMEs) by unveiling strategic plans aimed at diversifying its supplier network and enhancing trade opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:06 am

PLTR

Voyager Space has announced a strategic partnership with Palantir to integrate Palantir's AI capabilities into their defense solutions. This partnership aims to advance the space and defense technology sectors, leveraging Palantir's expertise with the Department of Defense.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:04 am

SFTBF

TEM

SoftBank Group Corp (OTC:SFTBF) and Tempus AI Inc (NASDAQ:TEM) have announced a joint venture, SB TEMPUS Corp., to enhance precision medicine in Japan using AI. The venture, launching in July 2024, aims to revolutionize cancer treatment by leveraging Tempus' AI technology. Both companies will invest JPY 15.0 billion each. Tempus also received FDA clearance for its AI-driven ECG-AF device.

Portfolio Pulse from Shivani Kumaresan

June 27, 2024 | 10:50 am

AMZN

Amazon has invested $72 million into its Indian payments business to compete with Google Pay and Walmart-backed PhonePe. This brings Amazon's total investment in the platform to $113.8 million this year. The move aims to strengthen Amazon's position in India's rapidly growing digital payments market.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 10:19 am

AMZN

PDD

VCR

XLY

Amazon is preparing to launch a new bargain section on its site, targeting overseas consumers with affordable items shipped from China. This move aims to compete with Shein and Temu. The new marketplace will feature unbranded fashion, home goods, and daily necessities with delivery times of 9 to 11 days. Amazon will start signing up Chinese sellers this summer and begin accepting inventory in the fall.

Portfolio Pulse from Shivani Kumaresan

June 27, 2024 | 10:13 am

LNZA

LanzaTech Global, Inc. (NASDAQ:LNZA) and LanzaJet, Inc. have launched CirculAir™, a new technology to convert waste and renewable power into sustainable aviation fuel (SAF). This innovation aims to significantly reduce aviation emissions and overcome historical barriers to SAF adoption.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:07 am

MS

Morgan Stanley (NYSE:MS) is launching an AI-powered assistant named Debrief to enhance the workflow of its financial advisors. Built using OpenAI's GPT-4, Debrief will automate note-taking during client meetings, potentially increasing client engagement and business growth. This move aligns with the growing adoption of AI in the financial sector.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 9:58 am

RIVN

VWAGY

Rivian Automotive, Inc. (NASDAQ:RIVN) is experiencing a stock rally ahead of its investor day, where key updates on production, margin goals, and a new Georgia plant funded by Volkswagen (OTC:VWAGY) are expected. Fund manager Gary Black anticipates positive news, including reaffirmation of production targets and margin improvements.

Portfolio Pulse from Shanthi Rexaline

June 27, 2024 | 9:49 am