Streetbeat News

Partnerships

SOBR

SOBR Safe, Inc. (NASDAQ:SOBR) shares surged after announcing new customer agreements for its SOBRsure device. The company signed deals with Hired Power and The Firm, leading to a significant increase in trading volume.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 5:51 pm

EQNR

Equinor has executed a purchase and sale agreement with the New York State Energy Research and Development Authority for renewable power generated by the Empire Wind 1 offshore wind project.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:46 pm

THMO

ThermoGenesis has entered a three-year manufacture and supply agreement with CBR Systems for its AutoXpress Cord Blood Processing System and disposables, with automatic one-year renewals.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:31 pm

BRK

FTXN

OILT

OXY

Occidental Petroleum's subsidiary, TerraLithium, has entered a joint venture with BHE Renewables, a Berkshire Hathaway subsidiary, to develop technology for extracting high-purity lithium from geothermal brine. This partnership aims to leverage both companies' expertise to advance sustainable lithium production. Despite the positive long-term outlook for lithium demand, Occidental Petroleum shares are trading lower today.

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 5:02 pm

AAPL

ADBE

AMZN

GETY

GOOGL

META

SSTK

Shutterstock Inc. (NYSE:SSTK) has partnered with Reka AI to enhance its digital asset metadata using multimodal language AI models. This partnership aims to improve the metadata of Shutterstock's extensive library of digital assets. The licensing business with AI firms generated $104 million in revenue last year, and Shutterstock anticipates this segment to generate $250 million in sales by 2027. The company's shares are currently trading lower by 2.13%.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 4:51 pm

VSTE

Vast Renewables Limited (NASDAQ: VSTE) has received planning consent for Solar Methanol 1 (SM1), a CSP-powered reference plant in Port Augusta, South Australia, that will produce 7,500 tonnes of green methanol annually. The project, co-developed with Mabanaft GmbH & Co. KG, aims to decarbonize shipping and support South Australia's hydrogen industry. The project has secured funding from the Australian Renewable Energy Agency (ARENA) and Projektträger Jülich (PtJ) as part of the HyGATE collaboration between Australia and Germany.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:17 pm

SPOT

Spotify has partnered with indie streamer Nebula to stream a curated selection of Nebula's video content to Spotify's 615 million users. The content will be available via Spotify's 'Spotify for Podcasters' hub. This partnership aims to enhance creator engagement and expand Nebula's reach.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:46 pm

AAPL

AMZN

BIDU

FTEC

IYW

NFLX

NVDA

Apple Inc. (NASDAQ:AAPL) is planning to introduce its Apple TV+ streaming service in China through a deal with China Mobile, potentially reaching over 200 million customers. Despite geopolitical tensions, Apple has increased its presence in China, including boosting suppliers and manufacturing sites, and integrating Baidu Inc's (NASDAQ:BIDU) AI technology. Apple shares have gained over 8% in the past 12 months.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 3:27 pm

CRM

CSCO

NVDA

Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia and Salesforce Ventures, as well as new investors including Cisco and Canadian pension fund PSP Investments.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:16 pm

CSCO

INTC

Cisco has announced its support for Intel's Infrastructure Processing Units (IPUs), with availability details to be announced in the future.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:13 pm