Streetbeat News

Marketing

BYND

COST

Beyond Meat has announced the launch of a new Beyond Burger, which will be available exclusively at Costco stores. This move is part of the company's efforts to expand its product offerings and distribution channels. The exclusive availability at Costco could attract customers seeking plant-based meat alternatives and may potentially increase foot traffic and sales for Costco while providing Beyond Meat with a larger platform to reach consumers.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:47 pm

QCOM

SSNLF

Samsung Electronics Co Ltd. is offering a $1,000 discount on the Galaxy Z Fold 5, reducing the price to $800. The deal includes trade-in options for smartphones, including older Galaxy models and Apple iPhones, with additional discounts for certain groups. The Galaxy Z Fold 5 features a Snapdragon 8 Gen 2 chipset from Qualcomm Inc., a 7.6-inch main display, and multiple cameras.

Portfolio Pulse from Rounak Jain

December 12, 2023 | 2:29 pm

F

TSLA

A Tesla (NASDAQ:TSLA) Cybertruck was filmed struggling with traction in snow and required assistance from a Ford (NYSE:F) F-150 pickup. The incident has sparked discussions about the Cybertruck's off-road capabilities in adverse conditions. The video contrasts the performance of electric vehicles against traditional gas-powered vehicles in challenging environments. Tesla CEO Elon Musk's previous comments about the Cybertruck's uniqueness are juxtaposed with this event.

Portfolio Pulse from Benzinga EV Insights

December 12, 2023 | 2:23 pm

DLPN

Dolphin Entertainment's subsidiary, Viewpoint Creative, has partnered with the Massachusetts State Lottery to enhance its Monitor Game product line, specifically by refreshing the visual identity of Keno, a popular game in the state. The goal is to modernize Keno while maintaining its classic user experience.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:09 pm

AFRM

Affirm (NASDAQ:AFRM) has partnered with Blackhawk Network (BHN) to offer consumers more options for purchasing digital gift cards through Affirm's platform. Customers can now buy gift cards from various brands on Affirm.com or the Affirm app, with the benefit of transparent and flexible payment plans, including 0% APR for eligible purchases. This partnership taps into a growing digital gift card market, expected to reach $260 billion in three years, and provides merchants with a new segment to drive growth.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:06 pm

QSI

Quantum-Si has signed a distribution agreement with 3Genes Distribution to market its protein sequencing instrument, Platinum, in the Czech Republic, Slovakia, and Hungary. This move is part of Quantum-Si's strategy to expand the reach of proteomics technology in European labs and follows a recent agreement with ELTA 90 to distribute Platinum in Southeast Europe.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:40 pm

LUCY

Innovative Eyewear, Inc. has released the 2.0 update of its Lucyd app for Android, which is the first to enable a voice interface for ChatGPT on smart eyewear. The update includes new ChatGPT tools, an improved visual interface, better text-to-speech quality, and enhanced sharing features. The app is also nearing approval for handsfree Google Voice access to ChatGPT on Lucyd Eyewear. CEO Harrison Gross highlighted the app's ease of use and future plans for additional features and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:39 pm

MRNA

Moderna, Inc. (NASDAQ:MRNA) is restructuring its operating model to prioritize sales of its COVID-19 vaccine, Spikevax, and the upcoming launch of its RSV vaccine in 2024. CEO Stephane Bancel will take charge of sales and marketing, while President Stephen Hoge will oversee pipeline commercial strategy and Medical Affairs. Arpa Garay, the outgoing Chief Commercial Officer, will advise during the transition before leaving the company.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 1:06 pm

NFLX

TSLA

Elon Musk, CEO of Tesla Inc., made a comment on a Netflix movie clip from 'Leave the World Behind' that showed Tesla vehicles in a doomsday scenario. Musk's remark highlighted Tesla's ability to charge from solar panels even in extreme conditions, which seemed out of context with the movie's theme of hacked self-driving Teslas causing chaos. The movie, a collaboration involving Higher Ground Productions and notable actors, is currently streaming on Netflix.

Portfolio Pulse from Anan Ashraf

December 12, 2023 | 12:37 pm

BABA

JD

PDD

JD.com's founder Richard Liu acknowledges the need for significant changes within the company, responding to an employee's critique about issues like poor merchant support and high-priced items. JD.com's stock has dropped over 50% this year, while competitors like PDD Holdings have seen a 75% increase. Alibaba's Jack Ma also called for action, praising PDD's Temu. JD.com is attempting to regain market share with strategies such as discounts and lower prices. Despite revenue growth, JD.com missed consensus in Q3 FY23 and its stock has lost 56% year-to-date.

Portfolio Pulse from Anusuya Lahiri

December 12, 2023 | 12:25 pm