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META

Meta Platforms Inc. (NASDAQ:META) is urging Oculus users to migrate their accounts to Meta before the March 29 deadline to avoid losing access to content. This move is part of Meta's rebranding efforts from Facebook and aims to streamline user experience by transitioning Oculus Quest to Meta Quest VR headsets. The account migration, introduced in June 2022, allows users to use an alternative login method without needing a Facebook account.

Portfolio Pulse from Franca Quarneti

March 05, 2024 | 8:31 pm

BAYRY

BAYZF

Bayer AG, under new CEO Bill Anderson, has decided to postpone any plans to split the company into separate units for the next three years, focusing instead on addressing current challenges, boosting performance, and creating strategic flexibility. The company is evaluating the potential separation of its Consumer Health or Crop Science divisions but has ruled out a three-way split. Bayer aims to focus on its pharmaceuticals pipeline, litigation, debt reduction, and implementing a new operating model to improve performance, expecting to cut annual costs by €2 billion from 2026. Fiscal year 2023 saw a decline in Crop Science sales, stable Pharmaceuticals sales, and an increase in Consumer Health sales. Bayer forecasts fiscal year 2024 sales between €47 billion to €49 billion, with adjusted EBITDA of €10.7 billion to €11.3 billion, and core earnings per share of €5.10 to €5.50.

Portfolio Pulse from Vandana Singh

March 05, 2024 | 8:25 pm

JNJ

Johnson & Johnson announced a mistrial in the Sugarman case, reaffirming the safety of its Johnson's Baby Powder. The company stated the product does not contain asbestos and does not cause cancer.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:04 pm

GP

GreenPower Motor Company Inc. (NASDAQ: GP) delivered the first all-electric Type D BEAST school bus to Phoenix Elementary School District in Arizona, marking the state's first deployment of GreenPower's zero-emission vehicle. The BEAST is designed with a unified structure featuring an aluminum body and a high strength steel chassis, offering dual port charging with Level 2 and DC Fast Charging options. Phoenix Elementary School District, serving around 5,000 students, aims to transition to all-electric student transportation for safer and more sustainable options. The district purchased the BEAST through GreenPower's authorized dealer RWC Group.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:02 pm

AAPL

MTCH

At the Morgan Stanley Tech Conference, Match Group's CFO highlighted the impact of Apple's App Store fees on the company's margins, emphasizing that the 30% fee could be better invested in innovation rather than going to Apple.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:01 pm

DIS

Disney CEO Bob Iger announced at the Morgan Stanley's Technology, Media & Telecom Conference that a new Avatar-themed land is coming to Disneyland in California. This expansion aligns with Disney's strategy to leverage popular franchises to enhance park experiences and drive visitor numbers.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:12 pm

C

Citi CEO Jane Fraser announced that the bank's reorganization will be completed by the end of March, slightly ahead of expectations, during the RBC Capital Markets Conference.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:10 pm

DIS

Disney CEO Bob Iger addressed concerns about audience fatigue regarding Marvel movies at the MS Conference, asserting that the focus remains on producing great films. He emphasized the company's commitment to achieving creative excellence and improving the bottom line.

Portfolio Pulse from Charles Gross

March 05, 2024 | 6:44 pm

DIS

Disney CEO Bob Iger, at the Morgan Stanley Conference, emphasized the company's commitment to maintaining its relationship with the NBA, indicating it as a strategic goal.

Portfolio Pulse from Charles Gross

March 05, 2024 | 6:43 pm

HHS

Harte-Hanks has acknowledged the significant impact that the cyber attack on Change Healthcare has had on healthcare operations nationwide. The company announced immediate measures that the Centers for Medicare & Medicaid Services (CMS) are implementing to assist healthcare providers in continuing to serve patients amidst these challenges.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:40 pm