Streetbeat News

Partnerships

CELH

Celsius Holdings (NASDAQ:CELH) has seen a notable surge in options activity, with Benzinga's tracking revealing 10 significant trades. The sentiment is mixed, with 50% bullish and 40% bearish, focusing on a price target between $60.0 and $90.0. The largest trades include both calls and puts, with a notable put at a strike price of $74.00 and calls up to $85.00. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently trading at $73.53, with an upcoming earnings report in 5 days.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 3:19 pm

CMCSA

Comcast has been awarded over $61M by the Commonwealth of Pennsylvania to expand its network to unserved and underserved homes and businesses across 158 municipalities in 13 counties. This expansion, expected to complete by late 2026, will provide gigabit plus speeds and access to Comcast's suite of services including Xfinity Internet, TV, Streaming, Mobile, and Comcast Business Internet. The project is part of the Broadband Infrastructure Program funded by the CPF, with additional matching funding from Washington County. Comcast's expansion efforts in Pennsylvania also include significant investments in technology, infrastructure, digital equity, and community partnerships.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:12 pm

ORCL

Oracle and TIM have announced a collaboration to accelerate cloud adoption in Italy, integrating Oracle Cloud Infrastructure (OCI) into TIM's managed cloud services. This partnership will enable public and private sector organizations in Italy to access OCI's high-performance and secure cloud services, including AI and data analytics. TIM will host Oracle's second cloud region in Italy in Turin, enhancing business continuity and addressing digital sovereignty and compliance requirements by keeping data within Italy. The collaboration underscores Oracle's commitment to expanding its cloud services globally and TIM's dedication to providing innovative cloud solutions in the Italian market.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:06 pm

F

GM

WKSP

Ford Motor (NYSE:F) and General Motors (NYSE:GM) exceeded first quarter earnings estimates with strong sales of internal-combustion engine vehicles, particularly trucks, despite losses in their EV divisions. Worksport Ltd (NASDAQ:WKSP) announced a significant partnership with Chief of Chaos to drive growth for its innovative truck accessories, including the SOLIS solar-powered tonneau cover and COR portable battery system, with potential OEM interest from companies like Hyundai. Ford's EV division reported substantial losses, highlighting the challenges of transitioning to electric vehicles.

Portfolio Pulse from Upwallstreet

May 02, 2024 | 2:46 pm

CBSTF

CRLBF

VRNOF

Cannabis workers at Sunnyside, a Cresco Labs (OTCQX:CRLBF) subsidiary in River North, Illinois, voted to join Teamsters Local 777. This marks the sixth Cresco location to unionize with Local 777, following successful contract negotiations for five other Illinois locations. The move is part of a broader trend of unionization within the cannabis industry, with successful efforts also noted at Cannabist Company Holdings Inc (CBSTF) in New Jersey, Grassdoor in California, and Verano Holdings Corp (VRNOF) in Chicago.

Portfolio Pulse from Nina Zdinjak

May 02, 2024 | 2:17 pm

TOPS

TOP Ships Inc. has started a time charter for its tanker M/T Eco Marina Del Rey at a rate 36% higher than its previous charter, expecting to generate $22.4M in revenue over the firm 3-year period, and potentially $30.7M if extended for an additional year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:45 pm

KSCP

Knightscope has achieved a significant milestone by deploying its K5 GOV autonomous security robot with the U.S. Department of Veterans Affairs. This marks the company's entrance into the federal sector, highlighting its innovation in public safety.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:30 pm

CURI

Curiosity, Inc. (CURI) and Estrella MediaCo have announced a partnership to launch Spanish-language FAST channels on Samsung TV Plus. This collaboration aims to expand their content offerings and reach a broader Spanish-speaking audience. The move is expected to enhance viewer engagement and potentially increase advertising revenue for both companies.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:27 pm

HOV

GTIS Partners and Hovnanian Enterprises, Inc. (NYSE:HOV) have expanded their homebuilding joint venture, now totaling $1B in equity to develop 12,600 homes valued at $6B. The expansion includes eight new communities across New Jersey, Florida, Delaware, and South Carolina, with a mix of townhomes, condominiums, and single-family homes. Hovnanian will manage the operations, contributing 30% of the capital, with GTIS covering the remaining 70%. This marks a significant growth in their decade-long partnership, emphasizing their commitment to high-growth markets in the US.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:12 pm

KD

RBRK

Kyndryl (NYSE: KD) and Rubrik (NYSE: RBRK) have announced a global strategic alliance to offer cyber incident recovery services, enhancing cyber resilience for customers. This partnership includes the launch of Kyndryl Incident Recovery with Rubrik, a managed service aimed at reducing the impact of cyber incidents, data loss, and disaster recovery for cloud and on-premises workloads. The service focuses on decreasing system downtime, reducing IT costs, and meeting rigorous cyber recovery regulations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:10 pm