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PLAYSTUDIOS has secured a five-year extension, with an additional three-year option, to its exclusive mobile licensing agreement with The Tetris Company for the TETRIS game. This strategic move aims to support PLAYSTUDIOS' future player and revenue growth by leveraging the globally recognized TETRIS brand. The partnership has already led to the integration of PLAYSTUDIOS' myVIP loyalty program into the TETRIS mobile game, resulting in improved player retention and monetization. The Tetris Company praises PLAYSTUDIOS for being exceptional stewards of the brand.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:17 pm

JNVR

Janover Inc (NASDAQ:JNVR) reported an 11% year-on-year increase in Q3 revenue to $583,785, with revenue per transaction up 78%. However, net loss widened to $1.6 million, or 17 cents per share, from $267,642, or $0.04 per share, in the same quarter last year. Sales and marketing expenses rose 70% due to stock-based compensation related to its IPO. Adjusted EBITDA showed a loss of $407,107. CEO Blake Janover highlighted the doubling of SBA transaction revenue and the potential of AI and strategic partnerships to capture more market share. JNVR shares rose 5.60% to $0.74 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 14, 2023 | 1:15 pm

CI

Express Scripts, a subsidiary of The Cigna Group (NYSE:CI), has introduced Express Scripts ClearNetworkSM, a new pharmacy network option offering simple, cost-plus pricing for medications. This model uses industry benchmarks to estimate drug costs, adding a flat fee for dispensing and a maximum 15% service fee. It will be available in early 2024 to over 65,000 retail pharmacies in the network. The initiative aims to simplify prescription drug pricing and highlight the role of drug manufacturers in high costs, while building on Express Scripts' commitment to transparency and affordability.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:15 pm

BA

EADSY

RYCEY

Emirates has deferred a deal to purchase Airbus A350-1000 jets, citing concerns over the durability of Rolls Royce engines. Emirates President Tim Clark stated the engines' maintenance interval does not meet their operational standards. Despite this, Emirates is open to ordering 35-50 jets if Rolls-Royce addresses these issues. Meanwhile, Airbus secured an order for ten A350-900 aircraft from EGYPTAIR at the Dubai Airshow. Airbus and Rolls-Royce expressed confidence in the engine's performance. Airbus (EADSY) shares closed up by 0.85%, while Boeing (BA) shares traded higher by 0.49% in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 1:14 pm

RNG

RingCentral has announced the general availability of RingCX, an AI-first contact center solution. RingCX is designed to enhance customer experiences with AI capabilities before, during, and after interactions. It offers a disruptive combination of product features, packaging, and pricing. The solution is built by RingCentral and natively integrates with the company's flagship MVP product.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:14 pm

MLTX

MoonLake, with $496M in cash, cash equivalents, and short-term marketable securities, is well-capitalized to fund its Phase 3 programs for Hidradenitis Suppurativa and Psoriatic Arthritis, including regulatory submissions and additional research.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:12 pm

BNGO

Bionano Genomics, Inc. (BNGO) announced its participation in the Association for Molecular Pathology (AMP) 2023 Annual Meeting with a range of content on optical genome mapping (OGM) for cell and gene therapy and cancer research. The event will feature corporate workshops, case studies, and an innovation spotlight session led by Bionano's team and collaborators. Nineteen scientific posters will also be presented. The AMP conference is a platform for industry and academic professionals to discuss molecular diagnostics advancements and will take place from November 14-18, 2023, in Salt Lake City, Utah.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:12 pm

URGN

UroGen Pharma has reaffirmed its forecast for FY23 net product revenues from JELMYTO, expecting them to be between $76 million and $86 million.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:10 pm

AAPL

John Hancock is offering its Vitality Plus life insurance customers the opportunity to get an Apple Watch Ultra 2 or Apple Watch Series 9 for free by earning points through regular exercise. Customers can use these points to cover the monthly payments of the Apple Watch after making a one-time payment of $25. The program requires customers to accumulate 500 points per month for 24 months to avoid additional payments.

Portfolio Pulse from Rounak Jain

November 14, 2023 | 1:09 pm

XOM

ExxonMobil has started production at its third offshore project in Guyana, marking a significant step towards achieving a combined production capacity of over 1.2 million barrels per day by the end of 2027. ExxonMobil Guyana Limited, which operates the Stabroek Block, holds a 45% interest in the project.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:07 pm