Streetbeat News

Partnerships

DNNGY

TSLA

Orsted (OTC:DNNGY) is investing in a Tesla (NASDAQ:TSLA) battery energy storage system to stabilize the U.K. energy supply and reduce price volatility. The system will be installed at the Hornsea 3 Offshore Wind Farm and is expected to be operational by the end of 2026.

Portfolio Pulse from Lekha Gupta

June 12, 2024 | 11:38 am

AAPL

BIDU

Apple Inc. (NASDAQ:AAPL) is working to introduce its AI technology, Apple Intelligence, in China despite stringent regulations. Craig Federighi, Apple's senior VP of software engineering, acknowledged the challenges but confirmed the company's efforts. This move is crucial as China is Apple's second-largest market, and the company faces fierce competition from local companies. Rivals like Samsung and Lenovo have teamed up with Baidu Inc. (NASDAQ:BIDU) to offer AI-powered features in China.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 11:38 am

RTO

Rentokil shares are trading higher following a report suggesting Trian has amassed a stake in the company.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:37 am

XOMA

XOMA received an $8.1M milestone payment from Viracta Therapeutics, Inc., related to Day One Biopharmaceuticals' sale of its Priority Review Voucher (PRV) for $108M to an undisclosed buyer.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:32 am

MSFT

ORCL

Oracle shares are trading higher despite a Q4 miss. The company announced a partnership with Microsoft and OpenAI to extend the Microsoft Azure AI platform to Oracle Cloud Infrastructure, providing additional capacity for OpenAI.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:31 am

FERG

RTO

UL

Rentokil Initial Plc (NYSE:RTO) shares surged after activist investor Nelson Peltz’s Trian Fund Management LP increased its stake, making it one of the top ten shareholders. This move has revived Rentokil’s shares, which had previously suffered due to a post-COVID market slump. Trian’s involvement often precedes major strategic shifts aimed at enhancing shareholder value.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 11:24 am

RPTX

Foundation Medicine has partnered with Repare Therapeutics to provide genomic profiling services for Repare's Phase I/Ib MYTHIC study of lunresertib. They are also exploring the development of FoundationOne®CDx as a companion diagnostic for lunresertib.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:17 am

CYN

NVDA

Cyngn Inc. (NASDAQ:CYN) has announced advancements in its AI-driven computer vision technology for industrial autonomous machines, powered by NVIDIA (NASDAQ:NVDA) hardware and CUDA acceleration libraries. The DriveMod system, which has been deployed on vehicles from manufacturers like BYD and John Deere, showcases sophisticated features such as pallet enumeration and non-standard pallet pocket detection.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:11 am

TRAK

ReposiTrak has expanded its food traceability network by adding 25 new members from the meat and seafood industry. This expansion aims to enhance food safety and supply chain transparency.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:09 am

AER

AerCap has signed lease agreements for four 737-800 Boeing Converted Freighter aircraft with JD Airlines, which will be operated on behalf of JD Logistics, a subsidiary of JD.com. No terms of the deal were disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:08 am