On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest news from the investment and financial world.
The first story on the docket this week was a follow-up on a pair of companies featured in the Finish Line’s exclusive interview with Kathleen Smith of IPO-focused research firm Renaissance Capital. The interview alerted investors to the possibility of several upcoming IPOs, including The Trade Desk and e.l.f. Beauty, which both did debut this week.
Find more on those IPOs here: In Shimmering IPO, e.l.f. Beauty Soars 41%
The hosts also checked in on Netflix (NFLX), which announced this week that it its library will reach 50% original content in just a few years. Speaking in front of a conference at Goldman Sachs, Netflix’s CFO confirmed the company’s goal and claimed it was nearly halfway to this point already.
Check out the full story here: Netflix CFO: 50% of Its Total Library Will Be Original Content
Maddy and Ryan continued the show by discussing Comcast (CMCSA) and its plans to launch a mobile phone service next year. While the company’s general popularity remains low, its connections within the industry should allow it to launch a Wi-Fi hotspot-focused service at a relatively low cost.
Go here for the full details: Comcast Will Launch Mobile Phone Service in 2017
Finally, the featured story of the week was the congressional hearings of Wells Fargo (WFC) and Mylan (MYL). The CEOs of both companies faced questions from lawmakers regarding their respective scandals, and their testimonies have only raised more questions about the power of corporate America. Are Wells Fargo the fact of capitalist greed, or are these companies taking the fall for a broken system?
You can find our coverage of the hearings here: Wells Fargo CEO Grilled By Congress, Denies Fraud by Management & Here's What Pissed-Off Congressmen Said to Mylan's CEO
As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
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