Streetbeat News

Products Services

NFLX

Netflix reported that people watched 90 billion hours of content in the second half of 2023, totaling 183 billion hours for the entire year. This high engagement indicates strong user retention and content consumption.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:10 pm

SONY

TTWO

In June 2024, several games, including Grand Theft Auto 5 (GTA 5), will be removed from Sony's PlayStation Plus Extra Tier. This includes notable titles like GTA 5, which follows the recent addition of Red Dead Redemption 2 from Take-Two Interactive's Rockstar Games.

Portfolio Pulse from Franca Quarneti

May 23, 2024 | 5:05 pm

LSPD

UBER

Uber Technologies Inc. (NYSE:UBER) shares are moving lower after announcing a new partnership with Lightspeed Commerce Inc. (NYSE:LSPD) to integrate Uber Direct and Uber Eats into Lightspeed’s platform. This partnership will allow Lightspeed merchants to list their offerings on Uber Eats and use Uber Direct for deliveries.

Portfolio Pulse from Dylan Berman

May 23, 2024 | 5:03 pm

IDEX

Energica Motor Company, a majority-owned subsidiary of Ideanomics, and Electra have announced a strategic R&D partnership aimed at revolutionizing the electric two-wheeler market.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:55 pm

AMZN

FDIS

GOOG

GOOGL

META

NVDA

XLY

Amazon's cloud unit AWS has partnered with AI startup Hugging Face to enhance the efficiency of running AI models on Amazon's custom Inferentia2 chips. This collaboration aims to attract more AI developers to AWS. Amazon, Google, and Nvidia back Hugging Face, which is a key platform for AI researchers. AWS leads the global cloud service market, and Amazon's stock has gained 59% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 4:54 pm

AZN

TNGX

Tango Therapeutics Inc. (NASDAQ:TNGX) has decided to discontinue its TNG348 program due to liver toxicity observed in patients. The company will now focus on its PRMT5 program and expects to provide updates on TNG908 and TNG462 later this year. Despite the setback, Tango's cash runway extends into 2027.

Portfolio Pulse from Vandana Singh

May 23, 2024 | 4:53 pm

KGRN

NIO

PGJ

NIO Inc. (NYSE:NIO) shares fell over 8% on Thursday, continuing a trend of losing over 45% in the past year. The company's founder, William Li, announced plans for European expansion despite potential EU tariffs on Chinese EVs. NIO opened a new showroom in Amsterdam and has 43 battery swap stations in Europe. Investors can gain exposure to NIO via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and Invesco Golden Dragon China ETF (NASDAQ:PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 4:49 pm

NIO

XPEV

Shares of Chinese EV stocks are trading lower due to broader China market weakness, recent tariffs, and Tesla's new Shanghai Megafactory.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:48 pm

GDRX

RBC Capital Markets has upgraded GoodRx Holdings Inc (NASDAQ:GDRX) from Sector Perform to Outperform, raising the price target from $8 to $10. The upgrade is based on new initiatives like the Integrated Savings Program (ISP), direct contracting (DC), and the expansion of its manufacturing solutions business, which are expected to provide significant growth opportunities. GoodRx has also secured a new direct contracting agreement with Kroger Co. (NYSE:KR), allowing patients to use GoodRx coupons at Kroger Pharmacies for more savings on generics starting June 1.

Portfolio Pulse from Vandana Singh

May 23, 2024 | 4:38 pm

TSLA

Elon Musk announced that SpaceX aims to land on the Moon and Mars within the next 7-8 years. This ambitious goal could have implications for companies associated with Musk, including Tesla (TSLA).

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:35 pm