Streetbeat News

Partnerships

AMZN

Amazon shares are trading higher due to the general availability of Anthropic’s AI model Claude 3.5 Sonnet in Amazon Bedrock and the introduction of new technology features by Amazon Business. Amazon has invested $4 billion in Anthropic and aims to enhance business procurement efficiency with new tools.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 6:41 pm

TPC

Tutor Perini's subsidiary, Lunda Construction, has been awarded a $53.6 million contract for the Kellogg/3rd Street Bridge replacement project by the City of St. Paul. Construction is set to begin in Q3 2024 and is expected to be completed by Fall 2027.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 6:35 pm

AMPX

Amprius Technologies shares are trading higher following the announcement of a strategic initiative to increase global production capacity of its SiCore offering through new manufacturing partnerships.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:52 pm

BMY

EVO

LLY

NVO

German drug developer Evotec SE (NASDAQ:EVO) is consulting defense advisers due to takeover concerns following a significant drop in share price. Multiple buyout firms are evaluating Evotec as a potential acquisition target. Despite a recent surge in shares, the stock has declined over 60% year-to-date. The company is also undergoing a leadership transition, with Christian Wojczewski set to become CEO next month. Major shareholders Novo Holdings A/S and Mubadala Investment Co. will play a crucial role in any strategic decisions. Evotec has partnerships with Bristol-Myers Squibb Co. (NYSE:BMY) and Eli Lilly & Co. (NYSE:LLY).

Portfolio Pulse from Vandana Singh

June 20, 2024 | 5:46 pm

VMAR

Vision Marine Technologies shares are trading higher following the announcement of a partnership with JetRide Holding to expand in the electric boat rental market.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:39 pm

UMGNF

Taylor Swift and TikTok have expanded their collaboration with a new interactive fan experience celebrating Swift's The Eras Tour. This initiative includes themed playlists, challenges, and exclusive artwork, showcasing high fan engagement. The partnership follows a resolved licensing dispute with Universal Music Group (UMGNF).

Portfolio Pulse from Franca Quarneti

June 20, 2024 | 5:10 pm

CRON

Cronos Group Inc. (NASDAQ:CRON) announced a $51 million investment in its joint venture, Cronos Growing Company, to expand its cannabis cultivation facility in Ontario. The investment will be funded through a secured non-revolving credit facility. Cronos will have significant purchasing options and board representation in GrowCo.

Portfolio Pulse from Jelena Martinovic

June 20, 2024 | 5:04 pm

EIPX

KEAT

TTE

TotalEnergies SE (NYSE:TTE) and the Nigerian National Petroleum Corporation Ltd (NNPCL) are set to develop the Ubeta gas field in Nigeria. The project is expected to start production in 2027, reaching a plateau of 300 million cubic feet per day. TotalEnergies holds a 40% interest in the OML 58 onshore license and a 15% interest in the Nigeria LNG plant's capacity expansion. Investors can gain exposure to TotalEnergies via ETFs like First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (ARCA: EIPX) and Keating Active ETF (NASDAQ: KEAT).

Portfolio Pulse from Lekha Gupta

June 20, 2024 | 5:01 pm

BA

EADSY

SPR

Spirit AeroSystems Holdings Inc (SPR) faces uncertainty due to its position between Boeing (BA) and Airbus (EADSY). Analyst Josh Sullivan downgraded SPR from Buy to Hold, citing production issues with Boeing's 737-MAX and 787, and Airbus's reluctance to acquire SPR assets. SPR shares were up 1% to $31.45.

Portfolio Pulse from Priya Nigam

June 20, 2024 | 4:57 pm

AMZN

Amazon has introduced Anthropic's Claude 3.5 Sonnet, their most powerful AI model to date, to customers through Amazon Bedrock.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 4:55 pm