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Marketing

AMZN

Amazon (NASDAQ:AMZN) has launched a series of Black Friday deals, with significant discounts on a variety of cannabis-related products. The deals include a range of items from herb infusers and decarboxylators to gardening tools, storage solutions, books, and even scented candles. The discounts are substantial, with some items more than 50% off their original prices. These deals are likely to attract customers interested in cannabis-related products and could potentially increase sales for Amazon during the Black Friday shopping period.

Portfolio Pulse from Benzinga Cannabis

November 24, 2023 | 3:59 pm

GS

Goldman Sachs Group, Inc. (NYSE:GS) ended its sponsorship deal with golfer Patrick Cantlay, which was part of its consumer banking marketing efforts. The deal, signed in 2020, was worth at least $1.1 million annually plus performance bonuses. The decision follows Goldman Sachs' strategic shift under CEO David Solomon, which includes closing its personal loan division and halting other unprofitable consumer banking ventures. Cantlay, who has earned over $42 million since turning professional, was previously featured with the Marcus brand but will no longer wear the Goldman logo.

Portfolio Pulse from Nabaparna Bhattacharya

November 24, 2023 | 3:56 pm

TSLA

TWTR

Elon Musk is expected to visit Israel next week, meeting with President Herzog and PM Netanyahu, and visiting towns hit by Hamas. Musk, owner of X (formerly Twitter), faces criticism for not combating antisemitism on the platform. Advertisers like Apple and Disney have reduced spending on X. Musk announced X will donate ad and subscription revenue from the Gaza war to hospitals in Israel and the Red Cross/Crescent in Gaza. Musk also plans to provide Starlink internet to Gaza, promising it will be used for humanitarian reasons. A ceasefire between Israel and Hamas is set to begin.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:47 pm

M

Macy's CEO Jeffrey Gennette, during a live interview on Bloomberg TV, expressed confidence in the future of department stores and acknowledged the potential usefulness of AI in retail.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:38 pm

GMM

Global Mofy Metaverse Limited (NASDAQ:GMM) has announced a long-term partnership with ELLE CHINA and ELLE MEN CHINA to enhance advertising and brand exposure. The collaboration will leverage ELLE's platforms for Global Mofy Metaverse's publicity and will involve the company's expertise in advertising production, building on previous successful campaigns. The partnership aims to increase brand recognition and deliver innovative content, with CEO Haogang Yang expressing confidence in the mutual benefits and industry standards this collaboration will set.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:35 pm

SLNA

Selina Hospitality PLC (NASDAQ:SLNA) has announced a strategic collaboration with Artrade to promote Latin American artists by transforming Selina locations into immersive galleries. This partnership aims to enrich guest experiences and provide artists with an international platform to showcase and monetize their work. The collaboration includes curated art collections, live events, and the opportunity for guests to purchase artwork. The initiative will kick off in Medellín with a 'Diversity' themed collection, followed by participation in the Bogotá International Art Fair and an exhibition in Miami during Art Basel.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:34 pm

WLDS

Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) has established a new U.S. office in Redwood City, California, to enhance its market presence and partner relations in North America. The office will serve as a hub for the Company's North American operations, focusing on customer service and engagement with business partners. The Company's CMO, Shmuel Barel, will lead the subsidiary, Mudra Wearable, Inc. This expansion follows the delivery of the first batch of Mudra Bands to preorder customers and a memorandum of understanding with an XR Smart Glasses manufacturer for B2B licensing.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:16 pm

BABA

PDD

Alibaba Group Holding Ltd (NYSE:BABA) stock is down on Friday following news of the company restructuring its cloud business and canceling its 12.12 shopping festival on Taobao and Tmall. Instead, a 'year-end good price' event will be held in December. Alibaba's cloud business reorganization includes a leadership overhaul and the appointment of three new executives. The company is focusing on regaining market share in China's domestic enterprise sector and capitalizing on AI. Alibaba's cloud division has faced management instability since the departure of former president Jeff Zhang in 2022. PDD Holdings Inc's (NASDAQ:PDD) Pinduoduo was also mentioned as a competitor during the Singles Day event.

Portfolio Pulse from Anusuya Lahiri

November 24, 2023 | 12:43 pm

WMT

YanGuFang International Group is expanding its retail presence in China by continuing to showcase and market its products in major supermarkets including Yonghui, Walmart, Century Mart, and RT-MART.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 12:04 pm

EWJ

NVO

Novo Nordisk is set to launch its obesity drug Wegovy in Japan in February, as reported by Reuters. This expansion into the Japanese market follows the drug's strong demand in existing markets.

Portfolio Pulse from Charles Gross

November 24, 2023 | 9:56 am