Streetbeat News

Partnerships

CVAR

LAZ

Lazard, Inc. (NYSE:LAZ) has partnered with Elaia Partners to form Lazard Elaia Capital (LEC), a new asset management company aimed at investing in European technology companies. The partnership, which includes Lazard acquiring a minority stake in Elaia Partners, aims to support tech companies from seed stage to public listing. An inaugural fund is expected to launch by 2025, subject to regulatory approval. LAZ stock rose 0.93% to $37.79 following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 2:57 pm

NOC

Northrop Grumman is collaborating with Elon Musk's SpaceX to work on a U.S. spy satellite system, according to Reuters News. This partnership leverages SpaceX's advanced rocket technology to enhance the capabilities and efficiency of national security payloads.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:38 pm

WINA

Winmark Corporation (WINA) has entered into a multi-year partnership with STX, LLC to become the Official Resale Partner for STX. The partnership aims to purchase quality used lacrosse equipment through Winmark's Play It Again Sports locations to promote sustainability and make the sport more accessible to new players. This collaboration will include a yearly Sponsored Buy Drive and co-branded sustainability-focused content to be shared across social channels and promoted through Play It Again Sports' local stores, website, and national PR efforts.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:32 pm

LHX

L3Harris is set to expand and modernize its solid rocket motor manufacturing facility in Virginia, with the majority of the $41.2M investment stemming from a cooperative agreement signed with the Department of Defense (DoD) last year through Aerojet Rocketdyne. The Commonwealth of Virginia and Orange County are providing approximately $2.18M in incentives to support the site improvement and construction efforts.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:19 pm

ASML

INTC

Intel has completed the assembly of a commercial high numerical aperture extreme ultraviolet lithography scanner at its Hillsboro, Oregon R&D site. ASML is currently calibrating the scanner, which is a crucial step in preparing for the production of Intel's future process roadmap.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:16 pm

DAL

TMUS

Delta Air Lines has chosen T-Mobile as its preferred mobility partner to enhance operations and customer experiences with 5G technology. This partnership aims to leverage T-Mobile's advanced 5G network to improve various aspects of Delta's service offerings, potentially leading to more efficient operations and an enhanced experience for passengers.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:08 pm

SOUHY

TMQ

VMXXF

The Biden administration's plan to block the Ambler Road project in Alaska, which would have provided access to a mining district for copper and other minerals exploration, has drawn criticism from the mining industry, state officials, and some native groups. The decision is seen as a conflict between environmental protection and the need for domestic mineral sources for renewable energy. Companies like Trilogy Metals Inc. (TMQ) and South32 (SOUHY), part of the Ambler Metals joint venture, and Valhalla Metals Inc (VMXXF) are directly affected, expressing disappointment and considering legal options. The decision also highlights divisions among native tribes and concerns about economic development and environmental impacts.

Portfolio Pulse from Matt Whittaker

April 18, 2024 | 2:07 pm

BKNG

Stay, a hospitality company, has partnered with Booking.com to expand its global property portfolio. This collaboration aims to increase Stay's offerings and enhance its visibility on the Booking.com platform, potentially driving more bookings and revenue.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:06 pm

AAPL

RERE

The rise in smartphone recycling is attributed to a combination of factors including government initiatives, private sector participation, and economic conditions. President Xi Jinping's advocacy for a circular economy, the growth in used smartphone sales, and partnerships like that between ATRenew Inc. and Apple are key highlights. ATRenew's expansion into recycling various consumer goods and its commitment to ESG principles underscore the growing importance of sustainability in business practices.

Portfolio Pulse from The Bamboo Works

April 18, 2024 | 2:06 pm

STLA

VWAGY

XPEV

European passenger-car sales fell 2.8% in March, with BEV sales down 11.3%. Volkswagen and Stellantis NV reported significant drops in EV registrations, attributing the decline to reduced subsidies and high interest rates. Volkswagen's EV sales in Europe fell 24.3%, while Stellantis experienced a 12.6% decrease in registrations. Both companies anticipate a challenging 2024, with Volkswagen partnering with XPeng Inc to boost EV sales. The trend suggests European automakers need a new strategy to compete, especially against Chinese firms expanding in Europe.

Portfolio Pulse from Upwallstreet

April 18, 2024 | 1:52 pm