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AAPL

Apple Inc. is targeting the healthcare, aircraft repair, and education sectors with its upcoming mixed-reality headset, Vision Pro. Executives discussed its potential uses, such as improving surgical outcomes and providing high-quality training. Apple offers a 25% employee discount on Vision Pro and covers prescription lenses. The device has received FCC approval but won't support Wi-Fi 6E. Apple's expansion into various sectors with Vision Pro is part of its strategy to make mixed reality a significant revenue stream.

Portfolio Pulse from Ananya Gairola

January 19, 2024 | 4:55 am

AAPL

GOOG

GOOGL

META

NFLX

SPOT

YouTube (owned by Alphabet Inc.) and Spotify Technology SA have decided not to launch apps for Apple Inc.'s upcoming mixed-reality headset, Vision Pro. This follows Netflix Inc.'s earlier decision to not participate. Major apps like Disney+, HBO Max, Peacock, ESPN, and Amazon Prime Video will be available on Vision Pro. The lack of support from YouTube, Spotify, and Netflix could impact Apple's strategy for the device, which is focused on video and entertainment. The Vision Pro, priced at $3,499, is set to launch on Feb. 2 with pre-booking starting on Friday. The device recently received FCC approval but will not support Wi-Fi 6E.

Portfolio Pulse from Ananya Gairola

January 19, 2024 | 1:44 am

BEDU

Bright Scholar (NYSE: BEDU) announced the resignation of Hongru Zhou as CEO due to personal reasons. Zhou will continue as Chairperson. Ruolei Niu, previously CFO, has been appointed as the new CEO, and Hui Zhang, former financial director, is now the CFO, effective January 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:03 pm

WMT

Walmart has increased the average salary for U.S. store managers from $117,000 to $128,000 annually. This move reflects the company's commitment to investing in its workforce and retaining talent in a competitive labor market. The salary hike is part of Walmart's broader strategy to improve working conditions and benefits for its employees.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:55 pm

WEN

Wendy's has reaffirmed its financial outlook for FY 2023 and announced plans to release its Q4 2023 and full-year 2024 results, along with its long-term outlook, on February 15.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:32 pm

PEP

PepsiCo has announced that Ram Krishnan will become the CEO of PepsiCo Beverages North America, succeeding Kirk Tanner who is set to retire on February 2. This leadership change could influence the company's strategic direction and operational efficiency in the North American beverage segment.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:32 pm

WEN

Wendy's has announced the appointment of Kirk Tanner as President and CEO, effective February 5, 2024. This leadership change is significant for the company's future direction and strategy.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:31 pm

IKNA

Ikena Oncology, Inc. (NASDAQ:IKNA) announced a strategic shift towards advancing its lead oncology assets, IK-930 and IK-595, with a workforce reduction of about 35%. The company ended 2023 with approximately $175 million in cash, extending its financial runway into the second half of 2026. IK-930's optimized formulation is now in the clinic, with additional data expected in 2H 2024. The first cohort for IK-595 has been treated and cleared the safety evaluation. The reallocation of resources from discovery to clinical development is aimed at maximizing impact and driving advancements in cancer treatments.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:14 pm

CMBM

Cambium Networks has appointed John Becerril as the Interim CFO, effective February 2, 2024. He will be succeeding Andrew Bronstein, who currently holds the position. This change in the company's financial leadership could signal a new direction or strategy for Cambium Networks.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:09 pm

ACIC

Bradford Martz is stepping down as CFO of American Coastal Insurance to focus on his role as President. Svetlana Castle will take over as CFO effective January 22, 2024. Martz will now concentrate on investor relations and strategic initiatives to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:07 pm