Streetbeat News

Partnerships

TSLA

Revel, a ride-hailing company, is in talks to acquire four abandoned Supercharger sites from Tesla Inc. (NASDAQ:TSLA) in New York. These sites, ready for about 60 charging stalls, align with Revel's expansion plans. Revel's interest in these sites follows Tesla's decision to slow down its Supercharger expansion and disband its Supercharging team. Revel operates over 50 charging stalls in Brooklyn and Queens, primarily using Tesla Model 3 and Model Y, and has started adding Kia Niro to its fleet.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 10:40 am

ONDS

Ondas Holdings Inc. has received an initial purchase order for its Iron-Drone Raider C-UAS from an Israeli defense company, following a testing and integration process. This order is expected to lead to further orders from this and other customers.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:36 am

LILM

Lilium N.V. (NASDAQ:LILM), an eVTOL jet developer, announced a partnership with UrbanLink to operate Lilium Jets in South Florida. UrbanLink will purchase 20 Lilium Jets, marking the first U.S. airline commitment to eVTOL integration. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:32 am

GENE

Genetic Technologies Limited (GTG) has signed a strategic joint sales & marketing agreement with Wellworks for You Inc., aiming to incorporate GTG's geneType portfolio of tests into Wellworks' employee wellness solutions. This deal covers 750 employer groups and provides access to over 2 million U.S. employees.

Portfolio Pulse from Charles Gross

May 06, 2024 | 10:18 am

CVX

Chevron Pipe Line Company, a Chevron Corp subsidiary, and American Aerospace Technologies have received a unique FAA waiver to fly unmanned aircraft for surveillance in the San Joaquin Valley. This AiRanger UAS will enhance monitoring of Chevron's pipeline and production facilities.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 10:15 am

CHDN

Churchill Downs Incorporated (NASDAQ:CHDN) has extended its partnership with NBC Sports to broadcast the Kentucky Derby on NBC and Peacock through 2032. This agreement continues a relationship that began in 2001, marking NBC as the first media company to present the event for over three decades.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:32 am

LTRN

Lantern Pharma Inc. (LTRN) has announced a strategic AI-driven collaboration with Oregon Therapeutics to optimize the development of the drug candidate XCE853, a protein disulfide isomerase inhibitor aimed at treating various cancer indications. This collaboration will utilize Lantern's RADR AI platform to identify biomarkers and efficacy-associated signatures for XCE853, potentially guiding future clinical development and patient selection.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:00 am

NVDA

SSNLF

The AI boom has highlighted the importance of South Korean chipmakers Samsung Electronics (SSNLF) and SK Hynix, with experts debating which is the better investment. Both companies are key suppliers to Nvidia (NVDA), a major beneficiary of the AI surge. Samsung reported a significant increase in profits, while SK Hynix returned to profitability after losses. Opinions on investment favor SK Hynix for its early leadership in HBM3 and higher profit margins, though some see potential in both companies.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 4:24 am

DOGE

SHIB

TRUMP

MAGA Memecoin (CRYPTO: TRUMP), a Trump-themed cryptocurrency, is gaining attention as the 2024 election approaches, with its chief marketing officer, Steven Steele, suggesting its value could rise with Donald Trump's potential re-election. The coin, which has donated over $1 million in Ethereum to charity, aims to rival Dogecoin and Shiba Inu in popularity. Despite competition from other political meme coins like BODEN, Steele remains optimistic about TRUMP's prospects. Donald Trump's changing stance on cryptocurrencies and his significant holding in TRUMP add to the coin's visibility.

Portfolio Pulse from Ivan Crnogatić

May 04, 2024 | 5:08 pm

AAPL

Wedbush's Dan Ives anticipates Apple Inc.'s AI strategy reveal at the WWDC in June will initiate an AI-driven super cycle, particularly with the iPhone 16, expected to boost upgrades especially in China where 70% of 230 million iPhones haven't been upgraded in three years. Apple's recent performance in China exceeded expectations, with iPhone sales declining only 8.1% against forecasts of up to 19.1%. Talks with Google and Microsoft-backed OpenAI for AI model licensing, alongside its own 'Project Graymatter', are underway. Tim Cook's China visit signifies Apple's commitment to the market.

Portfolio Pulse from Rounak Jain

May 04, 2024 | 6:23 am