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  • Reuters

    UPDATE 1-Spotify's monthly user numbers miss estimates on lower promotions

    Spotify on Tuesday reported quarterly monthly active users (MAU) below its own estimates, as the Swedish music streaming company chose to boost profit instead of spending more on marketing activities to draw in more listeners. First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. It also forecast current-quarter MAUs at 631 million, missing estimates of 636.3 million, according to IBES data from LSEG.

  • Reuters

    Goldman and BofA face renewed calls to split CEO, chairman's roles

    Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman's roles, in an effort to improve the companies' governance. With support from influential proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis, some investors are leaning towards supporting shareholder resolutions to split the roles, but getting wider support will be tough. "I would love for a company on the echelon of Goldman Sachs to separate those two roles so there's more oversight," said David Wagner, a portfolio manager at Aptus Capital Advisors, which owns Goldman shares.

  • PR Newswire

    /C O R R E C T I O N -- OSR Holdings/

    OSR Holdings, a global healthcare holding company, announced that it has signed a memorandum of understanding (MOU) with SillaJen, a Kosdaq-listed biotech firm with a pipeline of immuno-oncology drug candidates, to share technology and clinical development resources and launch a strategic collaboration between the two companies. Through the MOU, the two companies will explore various ways to collaborate to create synergies between current platform technologies and new drug candidates.