Streetbeat News

Partnerships

DIS

PLTR

QQQ

RIVN

SPY

Wall Street shows mixed reactions as earnings from Disney and Palantir disappoint, with futures indicating a varied open. Disney's unexpected pre-market drop, despite profit, and Palantir's negative impact on tech stocks are in focus. Upcoming speeches by Federal Reserve officials and economic reports are also anticipated. SPDR S&P 500 ETF Trust and Invesco QQQ ETF show slight pre-market movements. Analysts remain optimistic about the bull market's return, citing lower interest rates and AI's ongoing relevance. Stocks like Lucid Group and Lumentum Holdings react to earnings announcements, while Rivian gains on Apple partnership rumors.

Portfolio Pulse from Shanthi Rexaline

May 07, 2024 | 11:26 am

GOOG

MSFT

Mustafa Suleyman, co-founder of Google's DeepMind, shared his positive first month experiences at Microsoft, highlighting the company's AI-first approach and supportive culture. His move signifies Microsoft's aggressive push in AI, aiming to outpace competitors like Google. Suleyman's focus on 'Responsible AI' suggests a strategic direction for Microsoft's AI development.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 11:11 am

DNA

GreenLab has announced a partnership with Ginkgo Bioworks to increase the production of Brazzein, a new sweetener. This collaboration aims to leverage Ginkgo Bioworks' biotechnology expertise to scale up the manufacturing process of Brazzein, which is known for its high sweetness level and low-calorie content, making it a promising alternative to traditional sugar and artificial sweeteners.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:06 am

BA

SpaceX CEO Elon Musk criticized Boeing for the delays in its Starliner spacecraft's first crewed flight, attributing the setback to 'too many non-technical managers' at Boeing. Despite receiving a lower contract value from NASA for ISS transportation, SpaceX has successfully completed multiple missions with its Dragon spacecraft, ahead of Boeing's Starliner. Boeing's Starliner faced another delay due to an issue with the Atlas V rocket, with the launch now rescheduled. Additionally, Boeing's aviation segment is under scrutiny due to safety concerns and whistleblower allegations.

Portfolio Pulse from Anan Ashraf

May 07, 2024 | 11:05 am

HPQ

HKPC and HP have inaugurated a joint technology center in Hong Kong, focusing on advancements in 3D printing technology. This collaboration aims to leverage HP's expertise in 3D printing to foster innovation and development in the field, positioning Hong Kong as a hub for technological advancement in 3D printing.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:57 am

TTOO

T2 Biosystems' stock is trading higher following mixed Q1 financial results and the announcement of an exclusive distribution agreement in Qatar.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:53 am

LCID

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), mocked Lucid Group (NASDAQ:LCID) following their Q1 report showing a net loss of $680.9 million with $172.7 million in revenue. Musk's reaction came after comments on Twitter and Lucid CEO Peter Rawlinson's claims about Lucid's in-house technology and partnership with Saudi Arabia's Public Investment Fund. Musk has previously criticized Lucid's spending, potential bankruptcy, and Rawlinson's compensation.

Portfolio Pulse from Anan Ashraf

May 07, 2024 | 9:23 am

SLF

Sun Life and UKG have announced a partnership to automate and simplify absence management for employers, aiming to enhance efficiency and reduce complexities in handling employee absences.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:35 am

MEI

Methode Electronics, Inc. (NYSE:MEI) appoints Kevin Nystrom as interim CEO, effective immediately, following the resignation of Avi Avula. The company is engaged with AlixPartners for consulting services and has begun searching for a permanent CEO with Spencer Stuart.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:22 am

MAR

KKR and Marriott International, Inc. (NASDAQ:MAR) have announced a collaboration to enter the midscale hospitality market in Japan by converting 14 properties into Four Points Express by Sheraton hotels. This move follows KKR's acquisition of Unizo Hotel Company, Limited and its portfolio of 14 hotels from Unizo Holdings, marking Marriott's debut in the affordable midscale segment in Asia Pacific.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:09 am