Streetbeat News

Partnerships

KSA

TKO

Saudi Arabia's Public Investment Fund (PIF) is reportedly in talks to create a new boxing league, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:55 pm

COIN

HOOD

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower due to a dip in Bitcoin prices and increased competition from Robinhood Markets, Inc. (NASDAQ:HOOD), which recently acquired Bitstamp Ltd. Coinbase has also introduced a new smart wallet to improve the crypto onboarding process.

Portfolio Pulse from Erica Kollmann

June 11, 2024 | 4:38 pm

CETY

Clean Energy Technologies shares are trading higher after the company announced its affiliate was selected as a USDA grant recipient.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:36 pm

JACK

Jack in the Box has announced an agreement to open 15 new locations in Georgia, marking its entry into the state and continued growth in the Southeastern US.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:10 pm

GOOG

GOOGL

LLY

NVO

Google's health-focused subsidiary, Verily, is set to offer GLP-1 drugs through its revamped chronic care app, Lightpath. This move aims to enhance chronic care management by integrating weight-loss medications. The initiative could impact companies involved in GLP-1 drugs and digital health solutions.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:08 pm

AVGO

GOOG

GOOGL

META

Broadcom Inc (NASDAQ:AVGO) is set to report its Q2 earnings on June 12, with analysts expecting strong AI-related revenue growth. Partnerships with Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) are key factors. Analysts have high expectations, with multiple 'Buy' and 'Overweight' ratings and price targets ranging from $1,500 to $1,700.

Portfolio Pulse from Chris Katje

June 11, 2024 | 4:04 pm

CSLLY

VGK

The European Union has secured over 40 million bird flu vaccines from CSL Ltd. to prevent the potential spread of the virus to humans. This four-year contract comes in response to the rapid spread of avian influenza at dairy farms in the U.S., which has now started affecting dairy cattle.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:04 pm

MULN

Mullen Automotive (NASDAQ:MULN) announced that its 2024 Mullen THREE electric truck has been approved for a $15,000 state rebate in Massachusetts, in addition to a $7,500 federal tax credit. The company also added Eco Auto as a new franchise dealer in the Boston area, which has placed an initial order for Mullen's commercial EVs. Despite these positive developments, MULN shares are trading lower by 2.83% to $2.75.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 3:59 pm

MSFT

The UAE supports US restrictions on semiconductor exports to China, acknowledging concerns about advanced chip technologies potentially bolstering China's military. The UAE seeks US support to develop its semiconductor production capabilities, with Microsoft investing $1.5 billion in UAE's AI company G42.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 3:36 pm

BUG

GOOG

GOOGL

NVDA

SPRX

Zscaler, Inc. (NASDAQ:ZS) and NVIDIA Corporation (NASDAQ:NVDA) have entered into a strategic partnership to enhance AI-driven security solutions. Zscaler will utilize NVIDIA’s AI to improve its Zero Trust Exchange platform, boosting defense mechanisms against cyber threats. Additionally, Zscaler has intensified its collaboration with Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) to fortify Zero Trust architectures. ZS stock has gained 19% in the past 12 months and is trading higher by 0.97% at $185.70.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 3:30 pm