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Revenues

DIS

NFLX

Insider Intelligence forecasts that Netflix will surpass Disney+ in U.S. advertising revenue by 2024, driven by Netflix's upcoming price increases and measures to curb password sharing.

Portfolio Pulse from Charles Gross

December 12, 2023 | 11:05 am

CNC

Centene Corporation projects its FY24 premium and service revenues to be between $132 billion and $135 billion, with a health benefits ratio (HBR) of 87.3% to 87.9%.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 11:05 am

CNC

Centene Corporation projects its FY24 revenues to be between $142.5 billion and $145.5 billion, surpassing the consensus estimate of $142.01 billion.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 11:03 am

GOOG

GOOGL

META

SNAP

A Pew Research Center survey found that YouTube and TikTok are the most popular social media platforms among U.S. teens, with Snapchat, Instagram, and Facebook following. Facebook and Twitter (now X) have seen a significant decline in teen usage over the past decade. The survey, conducted from Sept. 26 to Oct. 23 with 1,453 teens, also touched on concerns about TikTok's Chinese ownership and potential political content influence.

Portfolio Pulse from Ananya Gairola

December 12, 2023 | 10:50 am

AAPL

AMZN

SPOT

Apple Inc. (AAPL) is reportedly planning to increase royalty payouts to artists and labels using its spatial audio technology, which is mixed with Dolby Atmos. This incentive is designed to encourage the adoption of the technology and could lead to increased sales of Apple's Atmos-supported hardware. Amazon Music (AMZN) also offers spatial audio at no extra cost, while Spotify (SPOT) does not provide this format. Apple's move aligns with the trend of offering high-quality streaming music without additional fees, initiated by Apple and Amazon in May 2021.

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 10:27 am

GEHI

Gravitas Education Holdings, Inc. (GEHI) announced a merger with Elmtree Inc., resulting in a rebranding to Mynd.ai, Inc. and a ticker change to MYND on the NYSE American. The merger is set to be effective at 3:00 A.M. Eastern Time on December 13, 2023. Concurrently, an affiliate of Ascendent Rainbow will purchase $65 million of secured convertible notes from the company. Additionally, NetDragon Websoft Holdings Limited's subsidiary ND BVI acquired 30% of GEHI's shares from the Founding Shareholders for $15 million. GEHI also completed the divestiture of its China education business for $15 million.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:02 am

IRON

Disc Medicine presented updated results from its Phase 2 BEACON study of Bitopertin at the 65th ASH Annual Meeting, showing significant reductions in PPIX and improvements in sunlight tolerance. Bitopertin was well-tolerated with stable hemoglobin levels. Additionally, Disc announced positive data from a phase 1b study of DISC-0974 in myelofibrosis patients, noting improvements in hemoglobin and reduced transfusion needs.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:42 am

EWU

The U.K. unemployment rate for October remained steady at 4.2%, indicating stability in the job market. This could influence investor sentiment regarding U.K.-related investments and funds.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:09 am

NEE

NextEra Energy's subsidiary, NextEra Energy Transmission, has been selected by PJM for its transmission proposal, the MidAtlantic Resiliency Link. This selection could signify potential growth and revenue opportunities for NextEra Energy.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:43 am

JOE

The St. Joe Company has announced plans to expand Watersound Town Center with new tenants including a Starbucks, additional retail, dining, medical, and office spaces. This expansion is expected to enhance the company's real estate portfolio and attract more visitors and businesses to the area.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:23 am