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NFLX

Netflix has announced an increase in subscription prices for some of its streaming plans in the U.S., Britain, and France. The price hike was implemented on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:07 pm

SPOT

Bad Bunny's latest album, 'Nadie Sabe Lo Que Va A Pasar Mañana', broke the Spotify record for the most-streamed album in a single day on Oct. 13, 2023. This achievement was celebrated by Spotify Technology SA (NYSE:SPOT) via its social media channels. The success of Latin music has been substantial, with the Recording Industry Association of America reporting $627 million in gross revenues for the genre in the first half of 2023 in the US. On-demand audio streaming of Latin music in the US surged by 22.2% year-on-year in the first 34 weeks of 2023, totaling 57.9 billion streams.

Portfolio Pulse from Franca Quarneti

October 18, 2023 | 7:52 pm

META

Mark Zuckerberg, CEO of Meta Platforms, announced that the company is planning to introduce broadcast channels to Facebook and Messenger. The feature is currently being tested and is expected to be rolled out in the coming weeks.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:42 pm

ITHUF

iAnthus Capital Holdings, Inc. (CSE:IAN) (OTCPK: ITHUF) has launched a new cannabis edibles brand, MOODZ, in Florida. The first product under the brand will be gummies made using a solventless process. The product will be available across all Grow Healthy locations in Florida from October 18. iAnthus' shares traded 0.1603% higher at $0.025 per share after the market close on Tuesday.

Portfolio Pulse from Jelena Martinovic

October 18, 2023 | 7:12 pm

ARDX

BAER

ICU

NUZE

NVVE

SPR

US stocks traded lower with the S&P 500 falling more than 1% on Wednesday. Energy shares climbed by 0.9% while materials shares fell by 2.1%. Crude oil inventories in the US declined by 4.491 million barrels. Spirit AeroSystems shares shot up 24% after an agreement with Boeing. Ardelyx shares rose 13% after FDA approval of XPHOZAH. SeaStar Medical shares gained 54% after FDA granted Breakthrough Device Designation for hepatorenal syndrome. Nuvve Holding shares dropped 42% after pricing of $1 million underwritten public offering. NuZee shares were down 44% after pricing its $1.275 million underwritten public offering. Bridger Aerospace shares fell 29% after announcing a $70 million proposed public follow-on offering.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 7:02 pm

NTDOY

WBD

Nintendo ADR (OTC:NTDOY) has offered a sneak peek of the Switch version of Hogwarts Legacy, developed by Avalanche Software and published by Warner Bros. Games. The game, initially announced for Switch in March 2022, faced significant delays compared to its release on other consoles. Despite controversies, the game was warmly received on other platforms, becoming the best-selling game in February and the top-selling game of 2023 at one point, with 15 million copies sold by May, generating over $1 billion for Warner Bros. Discovery Inc (NASDAQ:WBD).

Portfolio Pulse from Franca Quarneti

October 18, 2023 | 6:48 pm

VIGL

JMP Securities has initiated coverage on Vigil Neuroscience Inc (NASDAQ:VIGL) with a Market Outperform rating and a price target of 23. The analysts note that the company's focus on neurodegenerative diseases and its lead development candidate, VGL101, can reduce translational development risk and increase the clinical probability of success. The addressable ALSP opportunity is attractive with JMP projecting peak sales of around $1.1 billion in 2031.

Portfolio Pulse from Vandana Singh

October 18, 2023 | 6:26 pm

ADSK

Former CEO of Autodesk and Yahoo, Carol Bartz, shares her experiences and insights from the tech and cannabis industries. She emphasizes the importance of adaptability, open-mindedness, and the willingness to embrace failure as a stepping stone to progress. Bartz sees potential for groundbreaking developments in the cannabis industry, similar to breakthroughs in cancer treatments.

Portfolio Pulse from Javier Hasse

October 18, 2023 | 6:05 pm

CHTR

DIS

Benchmark analyst Matthew Harrigan has maintained a Buy rating for Charter Communications Inc (CHTR) and raised the price target from $575 to $600. The analyst's positive stance is based on Charter's new programming template with Walt Disney Co (DIS), the upcoming launch of the Xumo Stream Box, and the upgrade of Charter’s network to multi-gig symmetrical speeds. Harrigan expects Charter's 3Q23 total sales to increase 1.1% to $13.71 billion, with EBITDA up 1.3% to $5.48 billion. He also estimates Charter gained 61K residential broadband customers in 3Q23.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 5:36 pm

AMZN

EWI

EWU

SPY

VGK

Amazon is expanding its Prime Air drone delivery system to the UK, Italy, and a third location in the U.S. by late 2024. The company is also unveiling a new drone design, the MK30, which is quieter, smaller, and lighter than previous models. Drone deliveries will be integrated into Amazon's existing fulfilment network, deploying from Same-Day Delivery sites.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:05 pm