Streetbeat News

Partnerships

ACHR

Archer Aviation Inc. (NYSE: ACHR) has partnered with KakaoMobility to supply up to 50 Midnight eVTOL aircraft worth up to $250M. This agreement includes pre-delivery payments and aims to support Archer's commercialization efforts in Korea. KakaoMobility will make an initial payment of $7M in 2024, followed by a second installment in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:07 am

PLTR

Palantir Technologies (NYSE:PLTR) has secured a $480 million contract with the U.S. Army for the Maven Smart System prototype, boosting its premarket stock price despite a recent sell call from Jim Cramer. The contract highlights Palantir's growing role in AI and data analytics for government applications.

Portfolio Pulse from Shanthi Rexaline

May 30, 2024 | 9:02 am

BWLP

BW LPG Limited reported a strong Q1 performance with an EPS of $1.07, a daily TCE of USD 61,500, and a NPAT of USD 150 million. The company declared a Q1 cash dividend of USD 1.00 per share. BW LPG also announced a multi-year cargo contract with Enterprise Product Partners and successfully listed on the NYSE on 29 April 2024.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:47 am

AAPL

GOOGL

MSFT

Google, a subsidiary of Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), has announced a $2 billion investment to establish its first data center and Google Cloud region in Malaysia. This move is part of a broader trend of tech giants expanding into Southeast Asia, a region with a young, tech-savvy population. The investment aligns with Malaysia's $107 billion plan to boost its semiconductor sector and follows similar investments by Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL).

Portfolio Pulse from Benzinga Neuro

May 30, 2024 | 8:23 am

BNR

Burning Rock Biotech Limited (NASDAQ:BNR) has announced a collaboration with Bayer to develop next-generation sequencing (NGS)-based companion diagnostic assays (CDx) to enhance cancer treatment options in China.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:44 am

ZS

Persistent Systems is leveraging Zscaler's cloud security platform to drive zero trust initiatives, expand business operations, and achieve environmental sustainability goals.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:33 am

META

Meta Platforms' AI chief Yann LeCun suggested that Elon Musk could use a new paper from Meta's FAIR team to improve xAI's Grok. The paper introduces CoPE, a new positional encoding method for transformers. This comes amidst an ongoing feud between LeCun and Musk, who recently secured $6 billion in Series B funding for xAI.

Portfolio Pulse from Ananya Gairola

May 30, 2024 | 7:21 am

ORCL

Oracle plans to open two Oracle Cloud Regions in Morocco to provide enterprise cloud services to local and regional organizations across Africa. This will help customers migrate mission-critical workloads to Oracle Cloud Infrastructure (OCI) and comply with local regulations.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:01 am

EVO

Evotec has partnered with Inserm and Lille University Hospital to expand its molecular patient database in metabolic diseases, particularly obesity. The collaboration will leverage Evotec's PanOmics technologies and human biological samples from Lille University Hospital to identify and validate novel mechanisms in obesity and metabolic diseases.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 6:45 am

AMZN

Amazon and Grubhub have partnered to offer Prime members access to Grubhub+ with benefits like $0 delivery fees, lower service fees, 5% credit back on pick-up orders, and exclusive offers. This partnership provides a $120 annual value and a limited-time $5 discount on orders over $25 until June 2.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 6:37 am