Streetbeat News

Partnerships

AAPL

SONY

WBD

Martin Scorsese and Steven Spielberg are collaborating as executive producers on a 'Cape Fear' series for AppleTV+, a unit of Apple Inc (NASDAQ:AAPL). The series is based on the 1962 and 1991 films. Scorsese is also planning films about Jesus and Frank Sinatra, with the latter drawing interest from Apple and Sony Group Corp (NYSE:SONY), but Sony is reportedly leading. Spielberg is working on a UFO film and a series on Napoleon Bonaparte for HBO, owned by Warner Bros. Discovery (NASDAQ:WBD). Apple's collaboration with big names like Scorsese and Spielberg, despite a smaller content library, positions its streaming platform as a strong contender in the market.

Portfolio Pulse from Chris Katje

April 18, 2024 | 10:10 pm

AA

FMST

NEM

NUE

SCCO

Alcoa Corp reported Q1 losses but exceeded revenue expectations with alumina segment growth and stable aluminum production. Newmont Corporation highlighted 20 years of sustainability efforts, showing progress in safety, inclusivity, and environmental impact. Foremost Lithium announced participation in the Planet MicroCap Showcase, indicating potential investor engagement. Nucor Corp appointed a new EVP of Talent and HR, signaling a focus on talent development. Scotiabank raised its price target for Southern Copper, reflecting a positive outlook.

Portfolio Pulse from austin@walkonholdings.com

April 18, 2024 | 9:38 pm

AQN

Algonquin Power & Utilities Corp. (AQN) has reached a cooperation agreement with Starboard Value LP, leading to the addition of Brett Carter and Christopher Lopez to its Board. Masheed Saidi and Kenneth Moore are set to leave the Board. Starboard, owning about 9% of AQN's shares, has agreed to support AQN's board nominees and withdrawn its own nominations. The parties have also signed a non-disclosure agreement to discuss the potential sale of AQN's renewable energy business and the CEO search process.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:23 pm

UTI

Universal Technical Institute (UTI) has announced a five-year renewal of its alliance with Interstate Batteries, aiming to enhance training and opportunities in the automotive industry.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:27 pm

XRPUSD

RippleX's Senior VP, Markus Infanger, predicts the tokenized asset market could reach $16 trillion, driven by traditional finance firms adopting blockchain technology. Infanger highlighted the growing trend of financial assets being tokenized on public blockchains, with Ripple in talks with financial institutions for tokenization projects on the XRP Ledger. He also mentioned a partnership with HSBC and Metaco for a custody platform for tokenized securities. Additionally, Ripple plans to launch a U.S. dollar-pegged stablecoin on the XRP Ledger and Ethereum, aiming to expand its offerings.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 7:37 pm

DIS

EA

Electronic Arts Inc (NASDAQ:EA) is developing an open-world Black Panther game, with Cliffhanger Games leading the project. The game aims to offer an immersive sandbox experience, integrating narrative with dynamic gameplay elements. Connie Booth, a former PlayStation executive, oversees the project as part of EA's deal with The Walt Disney Co. (NYSE:DIS) for three Marvel action-adventure games. The release date for the Black Panther game is yet to be announced.

Portfolio Pulse from Franca Quarneti

April 18, 2024 | 7:34 pm

DIS

WBD

The NBA's exclusive negotiating window with Disney and Warner Bros. Discovery for TV rights is set to expire without a deal, opening opportunities for new partners like Amazon, Apple, and Netflix. Despite ongoing discussions, no agreement is expected by the deadline. The NBA seeks to double its previous $24 billion media rights deal, complicating negotiations. Disney and Warner Bros. Discovery, aiming to renew their rights, have also announced a new sports streaming service launching in the fall.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:33 pm

BGLC

BioNexus Gene Lab Corp. (BGLC) has announced a strategic investment of $250K in Ascension Innovation Sdn Bhd (AISB), a Malaysian healthcare technology company. This investment, made through BGLC's subsidiary MRNA Scientific, aims to advance digital health innovation by integrating AI in healthcare solutions. AISB's aiCMS platform is expected to enhance patient care through predictive analytics and personalized health management. The global digital health and AI in healthcare markets are projected to grow significantly, indicating potential for further investment and market participation by BGLC and MRNA.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:59 pm

BA

Boeing is expanding its R&D team in Japan, currently consisting of 27 staff from 12 countries, with plans to increase this number to around 50. The company indicates that details of its Asia business expansion will be finalized in the future.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:57 pm

BA

Boeing plans to first obtain certification in the U.S. before expanding into Asia, using its Nagoya base to develop digital tools for aircraft design and manufacturing. This strategic move aims to enhance Boeing's presence in Asia while ensuring compliance with U.S. regulations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:55 pm