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Benzinga's poll revealed Netflix as the top streaming platform choice among its readers, with 61% preferring it over Disney+, Amazon Prime Video, and Max. This comes as consumers face decisions on streaming subscriptions amid rising costs. Netflix's aggressive content strategy and Amazon Prime Video's extensive library, including sports rights, position them strongly in the competitive streaming market. Disney+ and Max, despite their unique content offerings, ranked lower. The poll's timing aligns with Netflix's upcoming Q1 earnings, where a potential price hike for ad-free plans is a key focus.

Portfolio Pulse from Chris Katje

April 18, 2024 | 6:00 pm

BGLC

BioNexus Gene Lab Corp. (BGLC) has announced a strategic investment of $250K in Ascension Innovation Sdn Bhd (AISB), a Malaysian healthcare technology company. This investment, made through BGLC's subsidiary MRNA Scientific, aims to advance digital health innovation by integrating AI in healthcare solutions. AISB's aiCMS platform is expected to enhance patient care through predictive analytics and personalized health management. The global digital health and AI in healthcare markets are projected to grow significantly, indicating potential for further investment and market participation by BGLC and MRNA.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:59 pm

BA

Boeing is expanding its R&D team in Japan, currently consisting of 27 staff from 12 countries, with plans to increase this number to around 50. The company indicates that details of its Asia business expansion will be finalized in the future.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:57 pm

BA

Boeing plans to first obtain certification in the U.S. before expanding into Asia, using its Nagoya base to develop digital tools for aircraft design and manufacturing. This strategic move aims to enhance Boeing's presence in Asia while ensuring compliance with U.S. regulations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:55 pm

IMAX

Wedbush analyst Alicia Reese reiterated an Outperform rating on IMAX Corp (NYSE:IMAX) with a $22 price target, citing StreamSmart technology and global expansion as key growth drivers. The company is expected to report Q1 FY24 earnings on April 25, with anticipated revenue of $82 million and EPS of $0.15, surpassing previous estimates. IMAX's Q1 global box office on its screens reached $260 million, exceeding expectations. The analyst highlights IMAX's market share gains from the shift towards premium screens and expects less volatility due to a reduced release slate volume in 2024. IMAX's focus on local-language content and the potential of StreamSmart technology are seen as opportunities for further growth. IMAX shares rose 0.94% to $17.24.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 5:55 pm

BA

Boeing, through its subsidiary Wisk Aero, is developing electric vertical take-off and landing (eVTOL) aircraft with autonomous technology, aiming to introduce flying cars in Asia by 2030. The company is currently evaluating potential entry markets in Asia, including Japan.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:55 pm

NVO

Germany's Bundeskartellamt approved Novo Nordisk's acquisition of Cardior Pharmaceuticals, aiming to enhance its heart drugs pipeline. The deal, valued at up to €1.025 billion, includes Cardior's lead compound CDR132L, in phase 2 development for heart failure treatment. This acquisition is pivotal for Novo Nordisk's strategy to expand into cardiovascular disease, with CDR132L showing potential in improving heart function. The transaction is expected to close in Q2 2024, while NVO shares saw a 1.42% decline to $122.77.

Portfolio Pulse from Vandana Singh

April 18, 2024 | 5:55 pm

NOC

Northrop Grumman Corporation (NYSE:NOC) has partnered with SpaceX on a classified U.S. spy satellite project aimed at enhancing surveillance capabilities with high-resolution imagery from low-Earth orbits. This alliance is part of a strategic move to diversify government involvement in sensitive intelligence projects and avoid consolidating control under a single contractor. Northrop Grumman will provide sensors for select SpaceX satellites and conduct testing at its facilities. The company reported a 6% sales growth in Q4 fiscal 2023, with future sales projections for fiscal 2024 between $40.8 billion and $41.2 billion, slightly above consensus estimates.

Portfolio Pulse from Vandana Singh

April 18, 2024 | 5:48 pm

V

Deep-pocketed investors have shown a bearish sentiment towards Visa (NYSE:V), with a significant move in options trading indicating potential big changes. Benzinga's tracking revealed 12 unusual options activities, with a bearish majority of 75%. The trading suggests a price target range of $240 to $290 for Visa in the next three months. Visa's current stock price is down -0.7% at $270.78, with analysts giving mixed ratings and price targets ranging from $265 to $335. The company remains a global leader in payment processing.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:46 pm

ABBV

CERE

Cerevel Therapeutics Holdings Inc. (NASDAQ:CERE) announced positive results from its Phase 3 TEMPO-3 trial for tavapadon in Parkinson's disease, meeting its primary endpoint and showing significant improvement in 'on' time without troublesome dyskinesia. AbbVie Inc. (NYSE:ABBV) is set to acquire Cerevel for $8.7 billion, with the transaction expected to close in mid-2024. CERE shares rose 1.08% following the announcement.

Portfolio Pulse from Vandana Singh

April 18, 2024 | 5:44 pm