Streetbeat News

Partnerships

BBY

GPRO

GoPro, Inc. (GPRO) has announced a significant retail expansion at Best Buy (BBY), featuring new product displays, an assisted sales program, and comprehensive in-store and digital marketing efforts to enhance the GoPro customer experience.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:17 pm

APO

FTXL

INTC

SHOC

Intel Corp is in advanced talks with Apollo Global Management for an $11B partnership to build a chip plant in Ireland. The deal, expected to close in the coming weeks, aims to expand Intel's chip-making capacity amid rising demand and financial challenges. Intel's expansion includes facilities in Arizona, Ohio, and Ireland, competing with Taiwan Semiconductor and Samsung Electronics. The company seeks financing due to high project costs and a slowdown in its PC and server chip business. Intel's stock has seen modest gains, and the deal could attract government grants under the Chips Act of 2022.

Portfolio Pulse from Shivani Kumaresan

May 13, 2024 | 1:12 pm

DTST

Data Storage Corporation (NASDAQ:DTST), a provider of business continuity solutions, has expanded its CloudFirst subsidiary into the UK by opening a new office in London. This move is part of the Company's strategy to serve a global clientele and increase its international footprint.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:06 pm

IBM

SNX

TD SYNNEX announced the launch of the IBM watsonx Gold 100 Program, aiming to enhance its offerings and capabilities in collaboration with IBM.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:05 pm

AVLR

SHOP

Avalara, Inc. has expanded its partnership with Shopify Inc. to join the Shopify Tax Platform, enabling global tax compliance automation for Shopify merchants of any size.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:04 pm

CCG

Cheche Group (CCG) has announced a partnership with Volkswagen (Anhui) Digital Sales and Services to bolster its New Energy Vehicle (NEV) insurance business. This collaboration aims to leverage Volkswagen Anhui's digital capabilities to enhance insurance offerings for NEV customers, potentially increasing market share and customer satisfaction for both entities.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:02 pm

APDN

The Institute of Hematology and Blood Transfusion will present its use of Applied DNA's Linea DNATM technology for the non-viral manufacture of CAR T-cell therapy aimed at treating refractory AML. This showcases a significant application of Applied DNA's technology in advancing cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:01 pm

AAPL

MSFT

Apple Inc. is nearing a partnership with OpenAI to integrate ChatGPT into iOS 18 and the iPhone 16, potentially introducing a new revenue stream through a subscription service for advanced AI features. This collaboration, expected to be announced at WWDC on June 10, could significantly enhance Siri's capabilities and attract developers to the Apple ecosystem, also benefiting Microsoft Corp.'s developer ecosystem.

Portfolio Pulse from Rounak Jain

May 13, 2024 | 12:55 pm

NFLX

SPY

Netflix Inc (NASDAQ:NFLX) receives an optimistic outlook from JPMorgan ahead of its Upfront presentation on May 16, with a focus on ad tier updates and potential NFL game hosting. Analyst Doug Anmuth maintains an Overweight rating with a $650 price target, citing revenue outlook comfort, subscriber reporting changes, and lower AI-driven capex intensity compared to competitors. Netflix's ad tier growth, driven by bundles, pricing, and marketing, is highlighted as a key revenue driver for the future. The company's stock has rebounded post-earnings, outperforming the S&P 500 as represented by the iShares S&P 500 ETF (NYSE:SPY).

Portfolio Pulse from Surbhi Jain

May 13, 2024 | 12:52 pm

BR

KD

Broadridge Financial Solutions, Inc. (BR) is set to acquire Kyndryl's Securities Industry Services (SIS) wealth and capital markets technology platform, aimed at enhancing services for Canadian financial firms. Kyndryl will partner with Broadridge Canada to provide managed services for SIS.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:50 pm