Streetbeat News

Corporate Responsibility

NFLX

Netflix Inc. (NASDAQ:NFLX) is exploring ways to monetize its gaming division, considering options such as in-app purchases, charging for premium games, and extending gaming access to ad-tier subscribers. This marks a strategic shift from its previous stance of offering games without monetization to focus on the gaming experience. Despite concerns from some executives and investors about resource allocation, Netflix's gaming has seen growth, with a significant increase in game downloads and plans to enhance its gaming budget for higher quality games.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 1:11 pm

ALC

LFCR

Lifecore Biomedical has updated its commercial agreements with Alcon, extending and expanding their long-term relationship in hyaluronic acid and CDMO services. The new arrangements span 8 years and include an amendment and waiver for Lifecore's term debt facility with Alcon and BMO.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:07 pm

BOXL

Boxlight Corporation has announced the departure of Michael Pope as CEO. Dale Strang, an independent director, has been appointed as Interim CEO. Additionally, Wayne Jackson has been appointed as the new Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:19 pm

META

Instagram's head, Adam Mosseri, has acknowledged a trend where teenagers use private Instagram accounts to plan parties, hinting at the event's date in the bio. These 'party accounts' are set to private and share the party's address shortly before it starts. This trend, which began in Los Angeles, has spread nationwide. The practice is also occurring on WhatsApp, another app owned by Meta Platforms Inc. (NASDAQ:META). Users see this as a potential area for Instagram to develop an official feature for event coordination, which could benefit individuals and businesses.

Portfolio Pulse from Rounak Jain

January 05, 2024 | 11:55 am

PHVS

Pharvaris has provided a business update and outlined its strategic priorities for 2024. The company plans to initiate the RAPIDe-3 Phase 3 study of Deucrictibant, a treatment for on-demand hereditary angioedema, within the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:54 am

RTX

RTX Corp (NYSE:RTX) has appointed Phil Jasper as the President of its Raytheon subsidiary. Jasper, succeeding Wesley D. Kremer who will retire at the end of Q1 2024, will report to RTX's President and COO Christopher T. Calio. Jasper previously led Collins Aerospace's Mission Systems and has been instrumental in integrating RTX's connected battlespace solutions. Additionally, Troy Brunk, Heather Robertson, and Nathan Boelkins have been named to leadership roles within Collins Aerospace. RTX shares closed slightly lower at $85.41.

Portfolio Pulse from Shivani Kumaresan

January 05, 2024 | 11:36 am

CVS

CVS Health (NYSE:CVS) has announced leadership changes with Tom Cowhey being appointed as CFO and Mike Pykosz as President of Health Care Delivery. Former CFO Shawn Guertin will step down due to family health reasons and leave the company on May 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:34 am

AGL

Agilon Health has lowered its 2023 medical margin forecast to $340M-$360M, which is about $110M below its previous guidance. The company also adjusted its full-year 2023 revenue projection to $4.295B-$4.305B, compared to the prior estimate of $4.53B and previous guidance of $4.310B-$4.320B. Additionally, Agilon Health announced the retirement of CFO Timothy Bensley.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:19 am

AAPL

BB

GOOG

GOOGL

MSFT

Google, a subsidiary of Alphabet Inc., launched its first smartphone, the Nexus One, 13 years ago. The Nexus brand has since been replaced by the Pixel line. Google's stock has increased by 803% since the Nexus One's launch, outperforming both the Nasdaq and S&P 500 indices. Google is now focusing on AI, with its latest initiative being the Gemini model, which outperforms OpenAI's ChatGPT-4 in benchmarks, and the upcoming paid version of the Google Bard chatbot.

Portfolio Pulse from Rounak Jain

January 05, 2024 | 11:17 am

JKS

JinkoSolar, a leading solar module manufacturer, has announced the promotion of technology innovation through a TOPCon patent license transaction. The company's focus on advancing its technology through this transaction highlights its commitment to maintaining a competitive edge in the solar industry. This move could potentially enhance JinkoSolar's product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:10 am