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Spotify will introduce in-app purchases for audiobooks and subscription plans on iPhones in Europe starting March, leveraging the new Digital Markets Act (DMA) to avoid Apple's 30% App Store fee. This move comes after a prolonged legal battle with Apple over its App Store policies. Apple is challenging the DMA and facing a separate $1 billion lawsuit from app developers. Meta Platforms has criticized Apple's App Store policies, advocating for more competition and distribution options for developers.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:24 pm

MRDB

MariaDB plc (NYSE:MRDB) has completed the spinoff of its geospatial business to CubeWerx, an independent company specializing in geospatial products and services. This move allows MariaDB to concentrate on its core product, the MariaDB Enterprise Server, while CubeWerx takes over the geospatial solution.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:18 pm

SRAD

Sportradar, a global provider of sports betting and sports entertainment products and services, has announced a new organizational structure that will consist of six business functions. The company has also reaffirmed its financial outlook for FY2023 and FY2024, indicating confidence in its future performance despite the reorganization.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:18 pm

RZLT

Rezolute, Inc. (NASDAQ:RZLT), a biopharmaceutical company, has appointed Daron Evans as Chief Financial Officer. Evans brings over 15 years of experience in the life science sector and will support Rezolute's late-stage development. In conjunction with his appointment, Evans received an inducement stock option grant of 275,000 shares at $1.02 per share, vesting over four years, with accelerated vesting if the company is acquired.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:15 pm

TWST

Twist Bioscience Corporation (NASDAQ:TWST) has expanded its Twist Express Genes service to include larger DNA preparations up to 1 milligram. The service, which offers a turnaround starting at five business days, now covers midiprep and maxiprep DNA preparations. This expansion enables researchers in various fields to access rapid gene synthesis at all scales, facilitating large scale experimentation and accelerating research and discoveries. Twist leverages its silicon-based DNA synthesis platform and the expanded layout of its Wilsonville facility to deliver these services with dynamic pricing.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:10 pm

AMEH

Apollo Medical Holdings Inc announced a leadership transition with Brandon Sim being named President and CEO, effective January 19, 2024. Thomas Lam will retire as President and Co-CEO, taking the role of Vice Chairman of the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:08 pm

HON

Honeywell (NASDAQ:HON) has been selected by Acelen Renewables to provide its Ecofining technology for the production of sustainable aviation fuel (SAF) and renewable diesel. Acelen's facility in Brazil aims to produce 20,000 barrels per day of these fuels using waste oils. This marks the 50th license of Honeywell's renewable fuel technology, reflecting the growing demand for renewable fuels and Honeywell's leadership in the sector. The technology supports decarbonization efforts in line with global initiatives such as the SAF Grand Challenge and the Inflation Reduction Act in the U.S., and the 'Fit for 55' package in Europe.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:03 pm

VERO

Venus Concept's Board of Directors is currently evaluating a range of strategic alternatives to enhance shareholder value. These alternatives could include financings, mergers, reverse mergers, business combinations, asset sales, licensings, or other transactions.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:32 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has won an early legal battle against NSO Group, the maker of Pegasus spyware. The lawsuit, initiated by Apple in November 2021, accuses NSO of deploying Pegasus to infiltrate iPhones and extract sensitive data. NSO's attempt to dismiss the case and move it to Israel was rejected by Judge Yvonne Gonzalez Rogers, who ruled that the case would continue in the U.S. and affirmed Apple's legal claims under the CFAA and California's Unfair Competition Laws. Apple seeks a permanent injunction against NSO's use of its software, services, or devices.

Portfolio Pulse from Rounak Jain

January 24, 2024 | 12:17 pm

KMB

Kimberly-Clark has announced plans to host an Investor Day in late March, where the company will outline its strategic priorities and key initiatives. This event is expected to provide investors with detailed information on the company's future direction and operational focus.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:04 pm