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AMZN

Twitch, owned by Amazon (NASDAQ:AMZN), is revising its sexual content policies to allow certain previously banned material with a warning label, while maintaining a ban on content related to sex games, sexual violence, and pornography. The changes, in response to streamer feedback, aim to clarify the platform's policies. Mature streams will not be featured on the homepage, and mature-rated game streams will be labeled separately. This follows Twitch's branding guideline revisions six months ago and Amazon's advocacy for federal marijuana legalization.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 4:05 am

CMCSA

DIS

META

PARA

SNAP

Disney (DIS) and Comcast (CMCSA) have reportedly increased their advertising spending on Instagram, owned by Meta Platforms (META), after pausing ads on Elon Musk's social media platform X. Disney's spending on Instagram rose by 40%, while Comcast's increased by 6%. Paramount Global (PARA) has tripled its ad spending on Snapchat, owned by Snap Inc. (SNAP). This shift in ad spending comes after Musk's controversial comments and chaotic leadership, which have led to a projected decline in ad revenue for X and a devaluation of the platform.

Portfolio Pulse from Ananya Gairola

December 14, 2023 | 2:11 am

TSLA

Elon Musk, the world's richest person and CEO of Tesla Inc (NASDAQ:TSLA), is reportedly planning to fund a new university in Austin, Texas. The Bloomberg report cites tax filings from Musk's charity, The Foundation, which indicate a $100 million gift to start a STEM-focused primary and secondary school, with plans to expand into a university offering a traditional curriculum and hands-on learning. The application for tax-exempt status was filed in October 2022 and approved in March 2023. Texas is home to several of Musk's ventures, including Tesla, The Boring Company, and a SpaceX launch site.

Portfolio Pulse from Chris Katje

December 13, 2023 | 11:43 pm

DDD

3D Systems announced that Jeffrey Creech has joined as the new Executive Vice President and CFO, effective December 13. Additionally, Harriss Currie will join the company as President - Regenerative Medicine, a newly created role, starting December 15.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:00 pm

AGMH

Steven Yuan Ning Sim has resigned as CFO of AGM Group Holdings (AGMH) effective December 13, 2023, citing personal reasons, according to a filing. AGMH will begin searching for a new CFO to take over Sim's responsibilities.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:38 pm

JMIA

Jumia Technologies AG (NYSE:JMIA) is shutting down its food delivery service, Jumia Food, which accounts for about 11% of its GMV for the nine months ending September 30, 2023. The company will focus on its core physical goods and JumiaPay businesses. The food delivery segment has been unprofitable since its inception, and the closure is part of Jumia's strategy to optimize capital, resources, and pursue profitability. Employees from the food delivery sector will be moved to the physical goods segment.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:36 pm

EOG

EOG Resources has announced the appointment of Jeffrey Leitzell as Executive Vice President and COO effective December 18, 2023, and Ann Janssen as Executive Vice President and CFO effective January 1, 2024. These executive changes may influence the company's strategic direction and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:33 pm

CHSN

Chanson International Holding (NASDAQ:CHSN) has successfully opened seven new Soul●Song coffee brand cafes in China, adopting a 'blend bean concept' for diverse flavors. The company aims to expand further in 2024 using franchise or direct operation models, aligning with evolving consumer preferences post-COVID-19 and aiming to create long-term shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:33 pm

CCI

Crown Castle has canceled its previously announced plan to relocate around 1,000 employee positions to a centralized location, as per a recent filing.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:24 pm

MSFT

OpenAI has entered into a partnership with German publisher Axel Springer, allowing OpenAI to use content from Springer's publications to train its generative AI models. OpenAI will pay tens of millions of euros for access to historical and up-to-date news content from titles like Bild, Business Insider, and Politico. This collaboration aims to enhance AI-powered journalism and create new revenue models for publishers. It is a unique deal that could lead to AI platforms providing summaries and linking to source material for user queries.

Portfolio Pulse from Neil Dennis

December 13, 2023 | 9:24 pm