Streetbeat News

Products Services

NFLX

Netflix's ad-supported subscription tier has reached 15 million monthly active users, up from 5 million in May. The company has not disclosed how many of its 247 million global subscribers are on this tier. The introduction of advertising in 2022 was a significant shift for Netflix, which had previously insisted it would not run ads. The move was made after consecutive quarterly declines and a one-third reduction in market value. The company also began charging customers to share passwords, leading many to switch to the ad-supported plan. This strategy has resulted in increased subscriber growth, free cash flow, and profits.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:29 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower due to concerns about China's economic recovery and fresh U.S. semiconductor technology sanctions. However, Alibaba co-founder Joe Tsai highlighted the significant role of Alibaba Cloud in the operations of Chinese tech firms and the country's AI development. Alibaba Cloud unveiled Tongyi Qianwen 2.0, the latest version of its AI large language model.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 1:29 pm

EH

EHang Holdings Limited (NASDAQ:EH) has inaugurated its first European Urban Air Mobility (UAM) Center in Spain. The center, located at the Lleida–Alguaire International Airport, is the first of its kind in Europe for unmanned electric vertical take-off and landing (eVTOL) aircraft. The center is a result of a collaboration between EHang and Aeroports de Catalunya. The UAM Center includes a vertiport that complies with EASA's design criteria and will enable seamless incorporation with the airport terminal, platform, control tower, equipment, procedures, and regulations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:29 pm

VFF

Pure Sunfarms, a subsidiary of Village Farms International, Inc. (NASDAQ:VFF), has launched a new high-THC vape product, which has seen a 50% increase in demand since its introduction. The Honeybee Collective, in partnership with Hepworth Pura, has debuted in New York with its line of pre-roll products. West Town Bakery and OKAY Cannabis Dispensaries have introduced cannabis-infused cake mixes.

Portfolio Pulse from Jelena Martinovic

November 01, 2023 | 1:25 pm

AAPL

Apple Inc. is reportedly planning to add hypertension and sleep apnea detection features to its Apple Watch by 2024. The company is also developing a digital health coaching service that uses AI and user data to create personalized workout and meal plans. These moves are part of Apple's strategy to position its products as essential wellness tools.

Portfolio Pulse from Benzinga Neuro

November 01, 2023 | 1:25 pm

JBLU

MA

JetBlue (NASDAQ:JBLU) has announced a partnership with CIBC FirstCaribbean and Mastercard (NYSE:MA) to launch two credit cards in five Caribbean markets. The JetBlue Mastercard and JetBlue Select Mastercard will offer exclusive rewards and the opportunity to earn TrueBlue points for travel. The cards will be available to residents in The Bahamas, Jamaica, Barbados, Trinidad and Tobago, and the Cayman Islands from November 2023. The cards offer a welcome bonus of either 10,000 or 30,000 TrueBlue points.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:24 pm

SLGC

SomaLogic has announced its new SomaScan 11K platform. No specific details about the platform or its potential impact on the company's performance were provided in the announcement.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:20 pm

AMPG

AmpliTech Group, Inc. (NASDAQ:AMPG) has entered into a distribution agreement with Component Distributors Inc (CDI), a global distributor of electronic components. CDI will market and distribute all MMICs released by AGMDC, a division of AmpliTech. This is AGMDC's first distribution agreement and is expected to expand their reach to global customers.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:19 pm

ILMN

Illumina Inc. (NASDAQ:ILMN) has announced a new generation of its liquid biopsy assay for genomic profiling, TruSight™ Oncology 500 ctDNA v2 (TSO 500 ctDNA v2). The assay enables noninvasive comprehensive genomic profiling of circulating tumor DNA from blood. Improvements include a faster sample-to-answer turnaround time of less than four days, higher sensitivity with lower cell-free DNA input requirements, and a more streamlined workflow. Automation is expected in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:19 pm

PARA

PARAA

Paramount Global (NASDAQ: PARA; PARAA) has announced the global expansion of its digital video advertising platform, EyeQ. The platform will deliver Paramount's content portfolio to regional and multinational marketers worldwide. The expansion is driven by the company's streaming momentum and will be fueled by Pluto TV, the most widely-distributed FAST service globally. The 2024 introduction of a Paramount+ ad tier in select international markets will also accelerate EyeQ's ad-supported reach. EyeQ has experienced significant growth since its launch in 2020, becoming a multi-billion-dollar digital advertising business.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:18 pm