Streetbeat News

Partnerships

NWSA

News Corp and OpenAI have entered into a multi-year global partnership to enhance OpenAI's generative AI products and platforms with journalism. This collaboration aims to integrate News Corp's journalistic expertise with OpenAI's advanced AI technologies.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:14 pm

CYTK

RPRX

Cytokinetics and Royalty Pharma have entered a funding collaboration where Cytokinetics will receive $50 million upfront and is eligible to draw an additional $175 million within 12 months of Aficamten's approval. In return, Royalty Pharma will receive 4.5% of annual net sales of Aficamten up to $5 billion and 1% above $5 billion.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:02 pm

META

Meta is considering new paid deals with media publishers to acquire data for AI training. This move could enhance Meta's AI capabilities and improve its products and services.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:18 pm

RIVN

Rivian Automotive shares are trading higher following the announcement of a partnership with Pivot Energy to develop 60 Megawatts of solar energy.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:09 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) shares are trading higher following the company's application to the EPA for certification of its 2025 model year vehicles and a new agreement with Pivot Energy for solar energy. Rivian's stock is trading above its 50-day moving average, with a significant portion of shares being sold short. Analysts have mixed ratings on the stock, with an average 1-year price target of $15.09.

Portfolio Pulse from Erica Kollmann

May 22, 2024 | 6:45 pm

MSFT

SONY

Sony Group Corp. (NYSE:SONY) is entering the mobile gaming market by developing a PlayStation mobile platform, similar to Microsoft's (NASDAQ:MSFT) recent announcement of a mobile games store. Sony is investing in mobile gaming, including acquiring studios and hiring for a mobile platform architect role.

Portfolio Pulse from Franca Quarneti

May 22, 2024 | 6:39 pm

MS

NVDA

Groq, a competitor to Nvidia, has enlisted Morgan Stanley to help raise $300 million. This move could impact Nvidia's market position and Morgan Stanley's financial activities.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:52 pm

BABA

LVMHF

LVMH is deepening its partnership with Alibaba to leverage Alibaba's cloud and AI capabilities, aiming to boost its presence in China. This move comes as luxury brands focus on improving online shopping experiences and catering to Chinese consumers amid economic challenges.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:20 pm

EIS

European nations Spain, Norway, and Ireland have formally recognized an independent Palestinian state, leading to diplomatic tensions with Israel. Israel has responded by recalling its ambassadors and increasing military presence along the Rafah border with Egypt. U.S. Secretary of State Antony Blinken is seeking bipartisan support for sanctions on ICC prosecutors over arrest warrants for Israeli leaders. The iShares MSCI Israel ETF (NYSE:EIS) traded 0.5% lower on Wednesday.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 4:27 pm

META

The Biden campaign is hiring a 'Partner Manager, Content and Meme Pages' to engage young voters in the 2024 election. This move aims to leverage social media platforms like Facebook and Instagram, owned by Meta Platforms Inc (NASDAQ:META), to appeal to younger demographics.

Portfolio Pulse from Chris Katje

May 22, 2024 | 4:16 pm