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Snacks / Tuesday, January 17, 2023

Like a coming-of-age flick... Netflix is going through changes. Last year, the streamer lost 1.2M subscribers over two quarters and saw its stock drop by half. Now it’s trying to drum up fresh revenue and subs with its cheaper ad-supported tier, which launched in November. Investors hope a turnaround is coming: the stock is up ~90% over the past six months as Netflix bolsters its ad biz and cracks down on password mooching. Efforts might be paying off: analysts expect the streamer to announce strong subscriber growth when it reports on Thursday.

Aisle all-stars… The company behind household staples like Tide, Charmin, Crest, and Head & Shoulders shampoo was in the money last year, with price hikes helping Procter & Gamble beat sales and profit expectations. But now higher transportation and materials costs may be taking their toll on P&G's bottom line. What's more, execs expect lofty costs will continue into this year. The Ohio-based company is expected to reveal declines in sales and profits this week.

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