Streetbeat News

Partnerships

INTA

Accordion, a financial consulting firm, has chosen Intapp DealCloud to boost its growth. This partnership aims to enhance Accordion's operational efficiency and client service capabilities, leveraging Intapp DealCloud's specialized software solutions for the financial services sector.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:01 pm

MCHI

Chinese exporters at the Canton Fair are facing challenges despite China's 5.3% economic growth in Q1, including a decline in exports and producer prices. Increased economic and political tensions with the U.S., global trade slowdowns, and manufacturing overcapacity are key issues. Some sectors, like high-tech, remain optimistic due to government support. Trade tensions could worsen with potential U.S. tariffs and blacklisting of Chinese companies. The iShares MSCI China ETF (MCHI) saw a 1.02% dip.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 12:58 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher in the premarket session after the company announced it has been designated as an 'Awardable' vendor for the Chief Digital and Artificial Intelligence Office's (CDAO) Tradewinds Solutions Marketplace. This designation allows the Department of Defense to access two of Palantir's product offerings, including its AI Mission Command Capability and Predictive Maintenance & Precision Sustainment Suite, through the Marketplace to support critical missions.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 12:52 pm

BA

UAL

United Airlines Holdings Inc (NASDAQ:UAL) shares rose after reporting Q1 results surpassing estimates with $12.539 billion in revenue and a loss of 15 cents per share. Capacity increased by 9.1% year-over-year, with slight improvements in TRASM and CASM. United ended the quarter with $16.9 billion in liquidity and adjusted its fleet plan, converting Boeing Max 10 orders to Max 9 and intending to lease 35 Airbus A321neos. The company reaffirmed its full-year 2024 earnings outlook.

Portfolio Pulse from Adam Eckert

April 17, 2024 | 12:50 pm

XPER

Xperi Inc. has issued a letter to its stockholders, urging them to vote for its five director nominees at the upcoming Annual Meeting on May 24, 2024. The letter highlights Xperi's transformation from a semiconductor IP licensing company to a consumer entertainment technology company, focusing on connected TV advertising, streaming television, and in-vehicle infotainment. Xperi's board and management have driven this change, notably through acquisitions like DTS and the merger with TiVo. The company has seen five consecutive quarters of year-over-year revenue growth and expects continued growth and margin expansion. Xperi is contesting Rubric Capital's campaign to replace two directors, arguing that Rubric's nominees lack relevant experience and could hinder the company's progress.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:35 pm

IGMS

SNY

IGM Biosciences has entered into a global collaboration agreement with Sanofi to create and develop IgM agonist antibodies, focusing exclusively on immunology and inflammation targets. This partnership aims to leverage the expertise of both companies in the field of immunology to address unmet medical needs.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:34 pm

SIDU

Sidus Space, Inc. (SIDU) has become a part of the Orbital Transports Partner Program, aiming to enhance its capabilities and market reach in the space sector. This partnership is expected to leverage Sidus Space's expertise in satellite and space-related services, potentially opening new avenues for growth and collaboration within the industry.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:32 pm

LUCY

Innovative Eyewear has entered into a distribution partnership with Windsor Eyes, aiming to expand its market reach and enhance product distribution. This strategic move is expected to positively impact Innovative Eyewear's distribution capabilities and market presence.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:32 pm

BNZI

New To The Street and Banzai International have entered into a 12-month media contract, although the financial details of the agreement have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:31 pm

JNVR

Janover Inc (NASDAQ:JNVR) reported a 766% growth in lender sign-ups on its fintech platform in 2023, including banks, credit unions, and other financial entities. The platform now accounts for a significant share of FDIC and NCUA insured institutions, with notable partners like Ameris Bank, Bank OZK, TD Bank, and Zions Bank. Despite this growth, JNVR shares fell by 4.46% to close at $1.07.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 12:30 pm