Streetbeat News

Partnerships

GIB

XOM

ExxonMobil and CGI have renewed their partnership to enhance payment and loyalty services across Europe and Asia Pacific. CGI will provide advanced customization options through its CGI PayPartner360 solution, impacting over 13,000 fuel retail sites and 10 million users.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:31 am

RIVN

VWAGY

Rivian Automotive, Inc. (NASDAQ:RIVN) is set to open at a 4-month high following the announcement of a joint venture with Volkswagen AG’s U.S. subsidiary. Volkswagen will invest $1 billion initially, with up to $4 billion in additional planned investment. Rivian will also raise $1 billion in debt financing through convertible promissory notes. The stock rose 36.71% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 26, 2024 | 10:25 am

AMD

MSFT

NVDA

The UAE is advancing its AI ambitions with a $1.5 billion investment from Microsoft in a local AI firm, signaling deeper collaboration with the U.S. This partnership is part of the UAE's strategy to diversify its economy and become a global AI leader by 2031. The U.S. has also temporarily halted AI chip exports to the Middle East, affecting Nvidia and AMD.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 9:48 am

IYE

XLE

XOM

Guyana's Ministry of Natural Resources has selected Fulcrum LNG, led by a former Exxon Mobil executive, to partner with Exxon on a new natural gas project. Fulcrum LNG was chosen for its comprehensive proposal among 17 bidders. Preliminary discussions are underway.

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 9:35 am

ENTG

Entegris (NASDAQ:ENTG) has signed a Preliminary Memorandum of Terms with the U.S. Department of Commerce for up to $75 million in funding under the CHIPS and Science Act. This funding will support a new manufacturing facility in Colorado Springs, creating 600 jobs and bolstering the U.S. semiconductor manufacturing infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 9:08 am

SNN

Smith+Nephew (NYSE:SNN) will sponsor Wimbledon 2024, highlighting its advanced sports medicine solutions for common tennis injuries like rotator cuff and meniscus tears. The company's REGENETEN Bioinductive Implant and FAST-FIX Family of meniscal repair solutions are key products in their portfolio.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:07 am

LMT

An advanced weather satellite built by Lockheed Martin for the National Oceanic and Atmospheric Administration was successfully launched from NASA's Kennedy Space Center at 5:26 PM ET.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:04 am

LAES

WKEY

WISeKey's subsidiary WISeSat.Space is set to launch new satellites for IoT and climate monitoring, partnering with the Swiss Army and expanding its satellite constellation. The company plans to launch a new generation of satellites in Q4 2024, install a satellite antenna in Switzerland, and develop a European-based neutral satellite constellation. SEALSQ Corp. technology will be integrated into the upgraded satellites.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:02 am

AMZN

ELF

Alicia Keys and e.l.f. Beauty's skin care brand, Keys Soulcare, have partnered with Amazon Alexa to offer a custom Alexa theme. This exclusive theme will provide Echo customers with a unique and soulful experience in their daily interactions with Alexa.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:02 am

NDAQ

Nasdaq, Inc. (NASDAQ:NDAQ) has terminated its transaction agreement with the European Energy Exchange (EEX) regarding the sale of its Nordic power trading and clearing business. Nasdaq will continue to operate this business and focus on providing exceptional service to its clients.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 6:58 am