Streetbeat News

Partnerships

AREB

American Rebel has entered into a distribution agreement with Bonbright Distributors to expand its presence in nine counties in the Dayton, Ohio area. This strategic move aims to enhance American Rebel's market penetration and visibility in a key regional market.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:10 pm

NRGV

Energy Vault Holdings, Inc. (NRGV) and ACEN Australia have announced agreements for two battery energy storage system (BESS) deployments totaling 400 MWh in Australia, aimed at supporting the 720 MW New England Solar project. These deployments, a 50 MW/100 MWh and a 150 MW/300 MWh system, are set to begin construction in the second half of 2024, with commercial operations expected in 2025 and 2026. This collaboration marks a significant step in Energy Vault's strategy to invest in energy storage for the Australian market, particularly in reducing reliance on coal-fired power by dispatching stored renewable energy during peak hours.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:06 pm

DIS

WBD

Warner Bros. Discovery, Inc (NASDAQ:WBD) reported a Q1 revenue decline of 7% year-on-year to $9.96 billion, missing the consensus of $10.23 billion. The company experienced a net loss of $966 million, with an EPS loss of $(0.40), failing to meet the expected loss of $(0.23). Adjusted EBITDA fell 20% due to lower revenues from Suicide Squad: Kill the Justice League compared to Hogwarts Legacy's success in the previous year. Studios and Networks revenues declined due to strikes and the exit from AT&T SportsNet, while DTC revenues remained flat. The company announced a partnership to bundle its streaming services with those of Walt Disney Co (NYSE:DIS), aiming to offer discounts to consumers. WBD shares dropped 2.18% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 1:05 pm

NUWE

Nuwellis has entered into a purchase agreement with a network of 50 hospitals for its Aquadex Ultrafiltration Therapy. The financial terms of the deal were not disclosed. This agreement could potentially increase the adoption and usage of Aquadex therapy in a significant number of healthcare facilities, impacting Nuwellis's market presence and revenue.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:02 pm

IAS

PUBM

RBLX

Roblox Corp (NYSE:RBLX) stock plummeted after issuing a weaker-than-expected outlook for Q2 and fiscal year 2024, despite beating Q1 bookings and adjusted EPS estimates. The company reported a 19% year-on-year increase in bookings to $923.80 million and an adjusted EPS loss of $(0.43), surpassing analyst expectations. However, its Q2 bookings forecast of $870 million to $900 million and fiscal 2024 bookings forecast of $4.00 billion to $4.10 billion fell short of analyst consensus. Roblox also announced partnerships with Integral Ad Science Holding Corp (NASDAQ:IAS) and PubMatic, Inc (NASDAQ:PUBM) to expand video ad access and sales.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 12:55 pm

IKT

Inhibikase Therapeutics, Inc. (NASDAQ:IKT) announced positive outcomes from its pre-IND meeting with the FDA for IkT-001Pro, a treatment for Pulmonary Arterial Hypertension (PAH). The FDA recognized IkT-001Pro as a New Molecular Entity, making it eligible for exclusivity designations. This designation is crucial for patent and market exclusivity, highlighting its potential as a novel treatment for PAH, a disease with high unmet medical need. Inhibikase is preparing the IND application and pursuing partnerships for clinical development.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:52 pm

AAPL

AMZN

GOOG

GOOGL

MSFT

Microsoft Corp (MSFT) is highlighted as a leading contender among tech stocks on Reddit, praised for its robust fundamentals and strategic positioning in AI, cloud computing, and more. The discussion contrasts Microsoft's AI and market positioning against Alphabet Inc (GOOG, GOOGL) and Apple Inc (AAPL), and its cloud computing capabilities against Amazon.com Inc (AMZN). Microsoft's diversified approach and practical AI applications, along with its strategic shift under CEO Satya Nadella, are seen as key strengths.

Portfolio Pulse from Surbhi Jain

May 09, 2024 | 12:51 pm

WU

Western Union, in partnership with Orbit S.A., has resumed its money transfer service from the U.S. to Cuba, allowing customers to send money to family members with accounts at specific Cuban banks. This service is available through U.S. retail locations, WesternUnion.com, and the Western mobile app, highlighting the company's commitment to maintaining vital financial connections between the U.S. and Cuba.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:50 pm

PLUS

Binary Defense has been named as a new Tier 2 Managed Detection and Response (MDR) partner for ePlus. This partnership is aimed at enhancing ePlus's cybersecurity offerings by integrating Binary Defense's MDR services. This collaboration is expected to provide ePlus with advanced threat detection, response capabilities, and overall improved cybersecurity posture for their clients.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:50 pm

SRAD

UTR Sports has selected Sportradar (SRAD) for a long-term partnership to enhance fan and bettor engagement with the UTR Pro Tennis Tour. Beginning January 2025, Sportradar will have exclusive rights to official Pro Tennis Tour data and audiovisual streaming content for betting purposes.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:38 pm