Streetbeat News

Partnerships

ORCL

Oracle shares are experiencing an uptick after reports surfaced about xAI, led by Elon Musk, closing in on a $10 billion agreement to lease AI servers from Oracle.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:09 pm

ORCL

Elon Musk's artificial intelligence company, xAI, is reportedly close to finalizing a deal worth approximately $10 billion to lease AI servers from Oracle. This significant agreement underscores the growing demand for AI infrastructure and Oracle's position as a key player in providing these technologies.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:02 pm

BON

Bon Natural Life shares are trading higher following the announcement of a strategic cooperation agreement between its operating subsidiary, Xi'an App-Chem Bio, and Guangdong JUWO Trading.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:01 pm

BON

Bon Natural Life Limited (NASDAQ:BON) announced a strategic cooperation with Guangdong JUWO Trading Co., Ltd. for marketing and supply chain development in liquor distribution and sales, including liquor brands, functional liquor, and hangover relief products in mainland China. The agreement involves co-branding and the launch of liquor products under the 'Jiangwang and App-Chem' brand, with JUWO handling promotion and marketing. This marks the first collaboration between App-Chem and JUWO's Chinese Moutai-flavor liquor brand, aiming for market expansion and innovation.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:57 pm

VUZI

Vuzix shares surged following the announcement of a multi-phase development contract with Garmin for a next-generation nano-imprinted waveguide-based display system. The uptick is also attributed to the broader market movement influenced by 'Roaring Kitty's return to social media, which has sparked interest in high-short interest stocks.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:43 pm

META

ZM

Meta is reportedly shutting down its enterprise communications business, Workplace, and is recommending Zoom-owned Workvivo as an alternative. Workvivo was acquired by Zoom in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:38 pm

STLA

Stellantis N.V. and Leapmotor have completed their joint venture, Leapmotor International B.V., to introduce the T03 and C10 electric vehicles in Europe, with plans for global expansion. Stellantis invested €1.5 billion for a 21% stake in Leapmotor. The venture aims to leverage Stellantis' commercial presence outside Greater China and address climate issues with competitive EV models. Operations in nine European countries are expected to start by September 2024, with expansion to other regions following.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 3:31 pm

GBTC

IBIT

The Wisconsin Investment Commission has invested nearly $100M in BlackRock's iShares Bitcoin Trust (IBIT) and $64M in Grayscale’s Bitcoin Trust (GBTC), marking a significant move into cryptocurrency for a state-managed fund. This investment positions Wisconsin as the first U.S. state to make such a substantial investment in Bitcoin through a state-managed fund, potentially signaling broader institutional acceptance of digital assets.

Portfolio Pulse from Murtuza Merchant

May 14, 2024 | 3:31 pm

AAPL

CMCSA

NFLX

PKW

VOX

Comcast Corp announced the introduction of StreamSaver, a discounted streaming bundle including Apple TV+, Netflix, and Peacock, aimed at reducing subscriber churn. Available to video and broadband customers, this move comes as Comcast seeks to counteract the loss of pay-TV subscribers. The company reported a 1.2% revenue growth Y/Y in Q1, with Peacock subscribers increasing by 55%. Despite this, Comcast's stock has seen a slight decline over the past year. Investors can also gain exposure through Invesco BuyBack Achievers ETF and Vanguard Communication Services ETF.

Portfolio Pulse from Anusuya Lahiri

May 14, 2024 | 2:43 pm

MFC

Manulife (NYSE:MFC) and its subsidiary John Hancock have initiated a five-year research collaboration with MIT AgeLab, focusing on longevity innovation. This partnership aims to generate actionable insights for businesses, policymakers, and families, reinforcing Manulife's commitment to enhancing life quality for the aging population.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:34 pm