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The FDA has issued a warning to Amazon (NASDAQ:AMZN) for selling unapproved eye drops that pose a public health risk. The seven products in question are not recognized as safe and effective by the FDA, which could lead to legal action against Amazon. The FDA has also advised Amazon to stop distributing these products. This follows a recent FDA warning about over-the-counter eye drops from brands like CVS Health (NYSE:CVS), Cardinal Health (NYSE:CAH), Rite Aid (OTC:RADCQ), and Target's (NYSE:TGT) Up&Up and Velocity Pharma, with a recall recommended on October 25.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 11:19 am

GENI

FanDuel has expanded its partnership with Genius Sports to launch NFL BetVision, a streaming solution that allows FanDuel customers to watch live NFL games within the betting app. This enhancement aims to provide an immersive experience by integrating live sports viewing with betting functionality. Genius Sports, through its partnership with FanDuel, will facilitate the delivery of live NFL game feeds to FanDuel's betting app, potentially increasing user engagement and betting volume on the platform.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:05 am

IHRT

Global, the UK's largest Radio and Outdoor media company, has entered into an exclusive platform distribution and ad sales partnership with iHeartMedia, the leading audio company in the U.S. The deal involves licensing, distributing, and representing each other's top podcast portfolios in the UK, Ireland, and the U.S. iHeartPodcasts will be accessible on Global Player and through DAX, Global's digital advertising exchange, adding millions of downloads to their network.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:02 am

SYM

Southern Glazer's Wine & Spirits has entered into an agreement with Symbotic to implement warehouse automation systems. This partnership aims to enhance Southern Glazer's distribution capabilities through Symbotic's advanced robotics and AI-driven technology. The move is expected to improve efficiency and accuracy in Southern Glazer's supply chain operations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:02 am

AAPL

Apple Inc. (AAPL) has extended its Emergency SOS via Satellite service for iPhone 14 users for an additional year at no cost, now available through September 2024. The service, which allows users to contact emergency services without cellular or Wi-Fi, is available in 16 countries and regions. Apple has also introduced a Roadside Assistance service via satellite. The Emergency SOS feature has been credited with saving lives in various incidents.

Portfolio Pulse from Rounak Jain

November 15, 2023 | 10:48 am

LRN

Stride Inc (NYSE:LRN) has shared its long-term strategy, forecasting significant growth by FY28 with expected revenue between $2.7 billion and $3.3 billion, adjusted operating income of $415 million to $585 million, and EPS of $6.15 to $8.35. CEO James Rhyu highlighted plans for product innovation and market expansion. Stride's Q1 FY24 results exceeded expectations, with revenue of $480.2 million and EPS of $0.11, surpassing the consensus and an expected EPS loss. The company anticipates Q2 revenue of $490 million to $510 million and adjusted operating income of $80 million to $90 million, with FY24 revenue projected at $1.96 billion to $2.03 billion and adjusted operating income of $250 million to $275 million. LRN shares rose 2.15% to close at $57.96 on Tuesday.

Portfolio Pulse from Lekha Gupta

November 15, 2023 | 10:43 am

AAPL

GOOGL

TCEHY

Apple Inc.'s iPhone continues to dominate the US teen market, with 9 in 10 teens owning or planning to buy an iPhone. Google's Hiroshi Lockheimer disclosed that Android loses up to 10% of its users to iPhone annually. This was revealed during the Epic Games vs. Google antitrust lawsuit. Apple's market share in the US is 55%, and the preference for iPhones has been growing since Spring 2018. The iMessage color-coding system, which differentiates messages from Android phones, has also influenced this trend.

Portfolio Pulse from Rounak Jain

November 15, 2023 | 10:33 am

XPEV

As of September 30, 2023, XPeng has expanded its physical sales network to 395 stores and its self-operated charging station network to 1,057 stations, which includes 854 supercharging stations and 203 destination charging stations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 10:06 am

MMC

Marsh McLennan has partnered with the Ukrainian government, banks, and insurers to facilitate cost-effective insurance for grain shipments from the Black Sea. This collaboration aims to support Ukraine's economy by ensuring the safe and insured transport of one of its key exports amidst ongoing regional tensions.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 10:01 am

RTX

RTX has been selected to provide development and services at NEOM Bay Airport, which indicates a new business venture and potential revenue stream for the company.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:16 am