Streetbeat News

Partnerships

UBER

Uber's CEO discussed the potential for embedding Uber Eats into entertainment and sports applications during an interview on Bloomberg TV. This move could expand Uber Eats' reach and integration into daily consumer activities, potentially increasing its user base and revenue.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 4:24 pm

BATT

BHP

CRIT

BHP Group Limited (NYSE:BHP) and Ivanhoe Electric Inc. (NYSE:IE) have entered into an Exploration Alliance Agreement to explore areas in the U.S. for potential 50/50 owned joint ventures. The alliance, funded initially by BHP with $15 million, aims to identify critical mineral sources necessary for the energy transition. The exploration will utilize Ivanhoe's Typhoon™ and CGI technologies across six areas in Arizona, New Mexico, and Utah. Investors can also gain exposure to these developments through ETFs like CRIT and BATT.

Portfolio Pulse from Lekha Gupta

May 08, 2024 | 4:08 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) shares are trading slightly lower today, down 1.71% to $2.87. The company announced Blink Care, a new optional maintenance program for Blink charging stations, aimed at enhancing customer satisfaction and charger reliability. The service includes preventive maintenance to maximize charger uptime and is compatible with Blink's current warranty programs for Level 2 and DC fast chargers. This announcement follows recent news of Blink Charging securing a contract as an official EV charging provider for the state of New York.

Portfolio Pulse from Nabaparna Bhattacharya

May 08, 2024 | 3:24 pm

RIVN

TSLA

WKSP

Rivian Automotive Inc (RIVN) and Worksport Ltd (WKSP) are making strides in the EV industry despite economic challenges. Worksport received a $2.8MM grant from New York for job creation and is expanding its clean energy products, including a partnership potential with Tesla (TSLA), Ford (F), and General Motors (GM). Rivian exceeded revenue estimates with $1.2 billion in Q1 and maintained its production forecast, opting for less expensive models over discounts.

Portfolio Pulse from Upwallstreet

May 08, 2024 | 3:15 pm

DIS

FOXA

WBD

Fox Corp reported Q3 2024 revenues of $3.45 billion, surpassing analyst estimates and showing a significant increase in adjusted net income to $520 million. Despite a decrease in advertising revenues due to fewer NFL games and the absence of Super Bowl LVII broadcast, affiliate fee revenues grew by 4%. The company also highlighted a new streaming sports joint venture with Warner Bros. Discovery Inc and Walt Disney Co, set to target non-cable subscribers.

Portfolio Pulse from Anusuya Lahiri

May 08, 2024 | 3:06 pm

INOD

Innodata Inc. (NASDAQ:INOD) shares surged following positive Q1 results and an optimistic FY24 revenue guidance. The company reported a significant year-over-year growth in earnings and sales, with earnings of 3 cents per share compared to last year's loss of 8 cents per share, and quarterly sales of $26.5 million, up from $18.84 million. Innodata raised its 2024 revenue guidance to at least 40% organic growth, buoyed by a major expansion in one of its large language model development programs with a Big Tech customer, expected to add $23.5 million in annualized revenue.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 3:05 pm

CTLT

Siren Biotechnology has partnered with Catalent to manufacture adeno-associated virus (AAV) gene therapies for cancer treatment. This collaboration aims to leverage Catalent's expertise in gene therapy production to advance Siren's innovative cancer therapies.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:05 pm

LAZR

TSLA

Luminar Technologies Inc (NASDAQ:LAZR) reported Q1 earnings with a revenue of $20.97 million, slightly missing estimates but up 45% year-over-year. The company revealed Tesla Inc (NASDAQ:TSLA) as its biggest LiDAR customer for the quarter. Despite a sequential revenue decline and negative cash flows, Luminar's stock jumped 12.7% following the announcement. The company anticipates stronger revenue in the second half of the year as it ramps up production.

Portfolio Pulse from Adam Eckert

May 08, 2024 | 2:19 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares dropped after announcing the opening of a new HYLA high-pressure modular refueling station in Southern California and reporting a decrease in first-quarter sales from $10.7 million a year ago to $7.5 million. The company also delayed the delivery timeline for its reworked battery trucks to the end of 2024. Despite these challenges, Nikola maintains a dominant market share of HVIP vouchers for Class 8 FCEVs.

Portfolio Pulse from Nabaparna Bhattacharya

May 08, 2024 | 2:11 pm

IBM

SAP

IBM and SAP SE have announced an expansion of their collaboration to include new generative AI capabilities and industry-specific cloud solutions aimed at enhancing client productivity and innovation. This partnership, known as the Value Generation initiative, is designed to help clients optimize business outcomes, accelerate innovation, and gain competitive advantage by becoming next-generation enterprises.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:04 pm