Streetbeat News

Partnerships

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

WINA

Winmark Corporation has announced a multi-year partnership extension with Blake Bolden. This partnership aims to leverage Bolden's influence and expertise to enhance Winmark's brand presence and outreach.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:04 pm

FRME

First Merchants Corporation announced the appointment of Jean L. Wojtowicz as the new Chair of the Board of Directors for both First Merchants Corporation and First Merchants Bank, effective May 7, 2024. She succeeds Charles E. Schalliol, who is retiring after 17 years in the role. Wojtowicz, with 20 years on the board and a background in financial management as the founder and President of Cambridge Capital Management Corporation, is set to focus on navigating the financial landscape to ensure long-term stability and growth for stakeholders.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:03 pm

BROS

OLO

Dutch Bros Inc. (NYSE:BROS) shares surged after reporting Q1 earnings that exceeded expectations and raising its full-year revenue guidance. Earnings per share were 9 cents, surpassing the 2 cents estimate by 350%. Sales reached $275.1 million, an 8.09% beat over the $254.5 million estimate and a 39.46% increase year-over-year. The company also announced a partnership with Olo, Inc. (NYSE:OLO) for mobile app ordering and payment. Dutch Bros revised its 2024 revenue outlook upwards and expects to open 150 to 165 new shops. Wedbush analyst Nick Setyan raised the price target for BROS from $37 to $39.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 2:02 pm

AAPL

TSM

TSMC is increasing its N3E process capacity for Apple's iPad Pro and will also support the iPhone and Mac series with N3B process capacity. This expansion may lead to TSMC's overall 3nm chip output not meeting demand, as reported by industry sources.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:14 pm

BTCUSD

Hong Kong announced its first-ever ETF liquidity fund of approximately $128 million, established by LD Capital, Antalpha Ventures, and Highblock, to enhance liquidity and mitigate risks in trading crypto-focused ETFs. This initiative accompanies the launch of six new ETFs, including Bitcoin and Ethereum spot ETFs, aiming to improve capital flow efficiency and investor confidence in the cryptocurrency market.

Portfolio Pulse from Murtuza Merchant

May 08, 2024 | 1:13 pm

DKS

DICK'S Sporting Goods (NYSE:DKS) has entered into multi-year partnerships with the Boston Celtics and Red Sox, becoming their Official Sporting Goods Retail Partner. This move, coinciding with the opening of DICK'S House of Sport in Prudential Center, aims to deepen its ties with the Boston community through an innovative retail experience.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:12 pm

SYTA

Siyata Mobile Inc. announced a public offering of $4M in common shares and/or pre-funded warrants at $1.30 per share. The proceeds are intended for working capital, general corporate purposes, marketing, and potential future acquisitions. CEO Marc Seelenfreund highlighted the company's traction in US sales and its goal to lead the Push-to-Talk over Cellular market. Spartan Capital Securities, LLC is the sole placement agent for the offering, expected to close on May 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:08 pm

CHRS

Coherus Biosciences has announced a collaboration with the Cancer Research Institute to evaluate a novel combination of LOQTORZI and ENB Therapeutics' ENB-003 for the treatment of ovarian cancer. This partnership aims to explore innovative treatment options and potentially improve outcomes for patients with this challenging disease.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:01 pm

REBN

Reborn Coffee's stock is trading higher following the announcement of its expansion into the China market via a strategic Master License Agreement with IAID Co.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:55 pm