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AMZN

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) is struggling to expand its footprint in India due to high subscription costs and limited local content. Despite reducing subscription costs, Netflix is lagging behind competitors Walt Disney Co (NYSE: DIS) Disney+ Hotstar and Amazon.Com, Inc (NASDAQ: AMZN) Prime Video. Netflix's subscriber base in India is approximately 6.5 million, compared to Prime Video's 20 million and Disney+ Hotstar's 40 million. Only 12% of Netflix's content caters to the local audience, compared to 60% of Prime Video's offerings.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 12:12 pm

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) reported a less-than-expected decline in its Q3 revenue, thanks to robust demand from the AI sector. The company posted a revenue of $17 billion, an 11% drop from the previous year, yet surpassing the anticipated amount. TSMC's advanced packaging service is also witnessing increased demand, promising an uplift in sales even as the semiconductor industry grapples with an excess inventory.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 12:09 pm

ARQT

The FDA has approved Arcutis Biotherapeutics' supplemental new drug application (sNDA) to expand the indication of ZORYVE (roflumilast) cream 0.3% for the topical treatment of plaque psoriasis in children aged 6 to 11 years.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:02 pm

CAG

NVO

ConAgra Brands, Inc. (NYSE:CAG) is considering revamping the portion sizes of its snacks in response to the rising use of weight-loss drugs. The company's scientists are studying consumer behavior trends for potential modifications. This comes as the company reported flat Q1 FY24 sales of $2.90 billion, missing the consensus of $2.95 billion. Drugs like Novo Nordisk A/S's (NYSE:NVO) Wegovy and Ozempic, which curb appetite, are influencing these trends.

Portfolio Pulse from Nabaparna Bhattacharya

October 06, 2023 | 11:57 am

PPBT

Purple Biotech has announced that potential biomarker data supports the mechanism of action of its lead oncology drug, CM24. This could potentially enhance the drug's effectiveness in treating cancer.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 11:53 am

CNXA

Connexa Sports Technologies' latest product, the Slinger Bag Pickleball Launcher, has been well-received by pickleball enthusiasts, generating $1M in sales revenue since its launch in April. The product has sold out multiple times.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 11:50 am

TSLA

Tesla shares fell in premarket trading as the company lowered prices of its Model 3 and Y vehicles in the U.S. The price cuts are expected to lead to a reduction in the 2024 earnings per share estimate for Tesla. The company's third-quarter deliveries trailed expectations due to factory shutdowns. Analysts suggest that Tesla's strategy is to sell EVs at no profit in anticipation of a high-margin revenue stream from the sale of full self-driving software.

Portfolio Pulse from Shanthi Rexaline

October 06, 2023 | 11:37 am

PRZO

ParaZero Technologies has received approval from the Australian regulator for the first commercial drone flights in populated areas and near people using ParaZero safety systems. This is a significant milestone for the company as it opens up new markets and opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 11:37 am

AUVI

CAJ

Applied UV is set to unveil its Airocide Pro+ Air Food Preservation Solution, designed to control ethylene levels and extend shelf life, at the Global Produce & Floral Show. The company is partnering with Canon Virginia, a unit of Canon U.S.A., for this event.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 11:35 am

RNLX

Renalytix has announced that the US Patent Office has issued a new notice of allowance of claims surrounding biomarkers sTNFR1 and sTNFR2 used in its kidneyintelX.dkd test.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 11:33 am