Netflix draws big viewership for NFL Christmas games: Morning Buzz

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 

1. STOCK NEWS:

• Netflix (NFLX) says Christmas NFL games averaged over 24M viewers each
• BeiGene (BGNE) announces FDA approval of Tevimbra combination
• HomeStreet (HMST) to sell $990M in commercial real estate loans to Bank of America (BAC)
• BioNTech (BNTX) agreed to pay $791.5M under a settlement agreement with the National Institutes of Health
• Fastenal (FAST) disclosed that CFO Holden Lewis will resign in April

2. WALL STREET CALLS:

• ServiceTitan (TTAN) initiated with bullish view at Baird
• 86 Research upgraded Tencent Music (TME) to Buy
• Rodman & Renshaw downgraded Viracta Therapeutics (VIRX) to Neutral
• H.C. Wainwright downgraded Galectin Therapeutics (GALT) after MASH trial fails
• Bernstein not convinced Uber (UBER) would be successful appealing Taiwan Fair Trade Commission on foodpanda

3. AROUND THE WEB:

• The average tenure of a Boeing (BA) engineer has dropped over the past ten years from 16.4 years to 12.6 years, FT reports
• For decades, companies like Sony (SONY) and Microsoft (MSFT) has made expensive bets on realistic graphics for video games, but companies are now acknowledging investing in graphics in providing diminished financial returns, NY Times says
• Alphabet’s (GOOGL) Waymo will likely begin service in Tokyo, Bloomberg reports
• A stowaway was caught on a Delta Air Lines (DAL) aircraft at Seattle-Tacoma International Airport on Christmas Eve, CNN says
• Government and industry officials said during an industry conference Europe now has the will to develop nuclear power infrastructure, which may impact Nano Nuclear (NNE), Nuscale Power (SMR), and Oklo (OKLO), S&P Global reports

4. MOVERS:

• Progyny (PGNY) higher after executive chairman David Schlanger bought 150K shares of its stock
• Amedisys (AMED) gains after announcing it waived its right to terminate its merger pact with UnitedHealth (UNH) in order to extend the window to complete the $3.3B deal
• EHang (EH) increases in New York after entering a partnership with China Communications Information & Technology Group and signing a project cooperation agreement with Weihai High-Tech Zone
• Grid Dynamics (GDYN) up after being named to joining the S&P 600
• Sealsq (LAES) declines in New York after regaining compliance with Nasdaq

)5. EARNINGS/GUIDANCE:

• Crown Electrokinetics (CRKN) provided guidance for FY25
• CDT Environmental (CDTG) reported 1H results and lowered its guidance for FY24
• Outlook Therapeutics (OTLK) reported FY24 results, with EPS year-over-year
• My Size (MYSZ) announcing it anticipates closing 2024 with $8.5M in revenue
• Ingles Markets (IMKTA) reported Q4 results, with EPS and revenue lower year-over-year

INDEXES:

Near midday, the Dow was down 0.92%, or 399.99, to 42,925.81, the Nasdaq was down 1.95%, or 390.57, to 19,629.79, and the S&P 500 was down 1.38%, or 83.60, to 5,953.99.