Here is a rundown of Cheddar News' top trending market stories of the day.
NETFLIX PASSWORD CRACKDOWN
M&M AND MAYA
M&M on Monday tweeted that its "spokescandies" will no longer be the mouthpiece of the brand, and that real-live actor Maya Rudolph will replace them. The shake-up follows an attempt by Mars Wrigley last year to make the cast of characters more inclusive — which spurred a backlash on social media and from far right commentators such as Tucker Carlson. "We definitely didn't think it would break the internet," the company said in a statement.
AMAZON'S PRESCRIPTION PLAN
Amazon Pharmacy is launching a new Prime membership benefit called RxPass that gives patients access to generic medications for more than 80 common health conditions for a flat fee of $5 per month. The program marks Amazon's latest attempts to become a health care powerhouse. The company last year acquired telehealth company One Medical for $3.9 billion.
JOHNSON & JOHNSON EARNINGS
Johnson & Johnson projected earnings in 2023 that beat Wall Street estimates, despite a strong U.S. dollar dragging down COVID-19 sales. For the fourth quarter of last year, earnings were down 26 percent, and revenue was down 4 percent. Looking ahead though, the company is forecasting earnings of $10.40 and $10.60 per share, which is well above estimates.