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TMST

TimkenSteel (NYSE:TMST) has announced it will change its name to Metallus Inc. and trade under the new ticker symbol 'MTUS' starting February 27, 2024. The rebranding reflects the company's legacy in steel production and its vision for the future, emphasizing profitable growth and leadership in high-performance metals. A new company website will also be launched in conjunction with the name change.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:34 pm

AMZN

DIS

NFLX

Netflix, Inc's (NASDAQ:NFLX) India operations saw a 24% revenue increase in FY23, reaching roughly $266.67 million, with net profit jumping 75% to about $4.21 million. Despite reduced subscription rates and increased user engagement, Netflix faces tough competition in India, holding a 4% market share against Disney+Hotstar's 33% and Amazon Prime Video's 12%. Netflix has partnered with Jio Platforms to integrate its service with Jio's prepaid plans, adapting to the Indian market's preference for pay-as-you-go models.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 1:34 pm

HBI

HanesBrands (NYSE:HBI) has extended its exclusive rights partnership with Georgia Tech, maintaining its position as the world's largest supplier of collegiate fan apparel. The multiyear extension grants HanesBrands exclusive rights to Georgia Tech fanwear in the mass retail channel. The partnership is part of a broader relationship with over two dozen elite schools and includes brands like Champion, Alternative Apparel, and ComfortWash.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:31 pm

RSVR

Reservoir Media, Inc. (RSVR) has announced a new publishing deal with In2Musica, which holds the rights to the catalog of Arab music icon Nancy Ajram. The deal, made through Reservoir's joint venture with PopArabia, aims to expand the reach of Ajram's music by leveraging Reservoir's global network. This partnership underscores Reservoir's commitment to diversifying its portfolio and enhancing its presence in the Middle Eastern music market.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:31 pm

ELWS

Earlyworks has signed a Memorandum of Understanding (MoU) with Social Finance Limited to collaborate on blockchain game development. Under the MoU, Earlyworks will provide GLS and technical support, while Social Finance will handle game planning, marketing, sales, and community operations. Revenue sharing will be negotiated for each product.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:26 pm

META

TGL

Treasure Global's platform ZCITY has launched a live commerce solution, using Meta's platform for its upcoming live commerce event. This move signifies Treasure Global's commitment to innovation in the digital marketplace.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:22 pm

XPEV

XPeng Aeroht, the flying car subsidiary of XPeng Inc (NYSE:XPEV), showcased its flying supercar concept at CES 2024. The vehicle features a design that allows for both driving and flying, with manipulator arms and rotor systems that can be folded into the car. XPeng Aeroht also updated on its modular flying car, the 'Land Aircraft Carrier,' which has separate aerial and ground modules. Pre-orders in China will start in Q4 this year, and mass production is expected in 2025 with a price around one million yuan ($140,764).

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 12:49 pm

GOOG

GOOGL

SPOT

SSNLF

At CES 2024, Google, a subsidiary of Alphabet Inc., introduced new Android features enhancing connectivity and interoperability with devices like Chromebooks, TVs, and electric vehicles. Key updates include improved Quick Share and Fast Pair features, new casting capabilities for TikTok, Spotify, and YouTube Music, and Android Auto upgrades for EVs, including real-time battery information integration with Google Maps for Ford's Mustang Mach-E and F-150 Lightning.

Portfolio Pulse from Rounak Jain

January 10, 2024 | 12:43 pm

DKNG

DraftKings is set to launch its highly-rated online sportsbook in Vermont on January 11, expanding its market presence and potentially increasing its user base and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:33 pm

F

TSLA

Automotive journalist Jason Cammisa discussed the negative media coverage of Tesla's Cybertruck, attributing it to high consumer interest. He noted that if every struggle of an F-150 in snow was posted, it would overwhelm TikTok, highlighting the scrutiny on the Cybertruck. A video of a Cybertruck stuck in snow raised concerns about its off-road capabilities. Gene Munster of Deepwater Asset Management expressed confidence that Tesla will resolve the issue, emphasizing the importance of the Cybertruck's performance in snowy regions. Elon Musk has stated that over a million people have reserved the Cybertruck, but its delivery target of 250,000 units may be delayed until 2025.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 12:24 pm