Streetbeat News

Revenues

ABBV

CLGN

Collplant Biotechnologies has achieved a milestone in the development of a regenerative dermal and soft tissue filler product, according to its agreement with AbbVie. This accomplishment triggers a $10 million milestone payment.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 11:03 am

LMNR

Limoneira has identified $180M of non-core assets for sale, with the remaining $50M to be realized within the next 12 months. The company expects to realize $25M of planned incremental EBITDA growth over the next five fiscal years.

Portfolio Pulse from Charles Gross

June 26, 2023 | 10:28 am

NFLX

Netflix Canada is phasing out its $9.99 basic ad-free subscription option, leaving new subscribers to choose between an ad-supported tier at C$5.99 or ad-free options starting at C$16.49 per month. The change comes after Netflix tested its password-sharing crackdown in the Canadian market.

Portfolio Pulse from Benzinga Newsbot

June 26, 2023 | 3:33 am

APLD

Applied Digital Corp's unit has entered into an agreement with a second AI customer worth up to $460 million over a 36-month period. The company has also conducted an internal investigation into a sexual harassment claim against its Chief Marketing Officer.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 6:20 pm

DIS

EWJ

Tokyo Disney Resort will increase adult ticket prices to over ¥10,000 ($70) for the first time since its opening four decades ago, due to rising costs of labor, energy, and materials. The new six-tier pricing system will be implemented in October, with one-day ticket costs ranging from ¥7,900 to ¥10,900 for adults.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 6:12 pm

MGOL

SPY

The United States will host the expanded 32-team Club World Cup in 2025, according to FIFA. The event is expected to generate significant revenue and attract global attention.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 3:50 pm

AMZN

BLK

GOOG

MSFT

NVDA

TSLA

WT

Oil and bonds are predicting a recession, while the stock market is caught up in an AI frenzy. The drop in oil prices is partly due to lack of growth in China, but also renewed fears of a recession. Bonds are also predicting a recession with a negative yield spread between 10-year Treasuries and 2-year Treasuries. The stock market is focused on the benefits of AI but underestimating the expense as corporations shift to using AI.

Portfolio Pulse from The Arora Report

June 23, 2023 | 2:43 pm

CISS

C3is reported Q1 revenue of $3.15 million.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 1:18 pm

AMZN

BA

BTCUSD

JPM

MMM

NKLA

A crypto analyst predicts Bitcoin could break $32K due to BlackRock's ETF filing. Nikola continues test road trips despite weak demand and internal conflict. Retailers' subscriptions, including Amazon Prime and Walmart+, face FTC scrutiny. 3M settles a PFAS-related lawsuit for $10.3B. Boeing invests $100M in pilot training in India. JPMorgan pays a $4M penalty for deleting electronic communications.

Portfolio Pulse from Vandana Singh

June 23, 2023 | 1:16 pm

HEXO

TLRY

Tilray has acquired HEXO Corp., making it Canada's top cannabis company with a 44% market share boost. The strategic combination is expected to drive revenue growth, increase margins and earnings, and create annualized cost savings of over $27 million.

Portfolio Pulse from Nicolás Jose Rodriguez

June 23, 2023 | 12:58 pm