Streetbeat News

Partnerships

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

RIVN

TSLA

VWAGY

Rivian Automotive Inc. (NASDAQ:RIVN) has seen a significant stock surge following Volkswagen AG's (OTC:VWAGY) $5 billion investment. Tesla Inc. (NASDAQ:TSLA) bull Gary Black and investor Ross Gerber discussed the rationale behind this move, highlighting its potential to expand Rivian's market and provide operational support. Despite some challenges, including a recent recall, Rivian's stock saw a notable increase in after-hours trading.

Portfolio Pulse from Kaustubh Bagalkote

June 26, 2024 | 2:24 am

LCID

NVO

RIVN

TSLA

On Tuesday, U.S. stocks showed mixed results with the Dow Jones down, while the S&P 500 and Nasdaq rose. Key stocks on investors' radars included Rivian, Lucid, Micron Technology, Novo Nordisk, and Tesla. Rivian surged on news of Volkswagen's investment, Lucid fell after a new appointment, Micron rose on a positive analyst rating, Novo Nordisk gained after China's approval of its weight loss drug, and Tesla increased despite skepticism about robotaxis.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 1:32 am

LCID

RIVN

Lucid Group Inc (NASDAQ:LCID) shares initially traded lower on Tuesday but surged to weekly highs after the market close. The company announced the appointment of Nick Twork as head of Global Communications. Lucid shares moved in sympathy with Rivian shares, which jumped after Rivian announced a joint venture with Volkswagen.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 9:35 pm

DKNG

PENN

Dave Portnoy, founder of Barstool Sports, lost a $150,000 bet on the Edmonton Oilers but is trying to win back $1.2 million with a $200,000 bet on the Philadelphia Phillies to win the 2024 World Series. He placed the bet through DraftKings. Barstool Sports, previously owned by Penn Entertainment, is now back with Portnoy.

Portfolio Pulse from Aaron Bry

June 25, 2024 | 8:54 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares are surging in after-hours trading following reports of a $5 billion investment from Volkswagen to form a joint venture focused on next-generation battery-powered vehicles. The stock also benefited from a positive analyst rating from Guggenheim.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 8:52 pm

WOR

Worthington Enterprises is optimistic about its new fiscal year following the acquisition of Hexagon Ragasco and the formation of a Sustainable Energy Solutions joint venture.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:23 pm

ACIC

SBCF

SNV

American Coastal Insurance has extended its exclusive managing agency contract with AmRisc for five years, effective June 1, 2024, and expiring January 1, 2029. The contract remains exclusive for the Florida admitted condominium association property insurance market.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:17 pm