Timberland Bancorp announced that its board has adopted a new stock repurchase program. Under the repurchase program, the company may repurchase up to 5% of the company's outstanding shares, or 415,970 shares. The new stock repurchase program replaces the existing stock repurchase program, which had 141,952 shares available to be repurchased.

In a regulatory filing, Schrodinger disclosed that David E. Shaw sold 457.7K shares of common stock on February 22nd in a total transaction value of $51.4M.

The company states: "ViacomCBS updated investors on its differentiated streaming strategy, which leverages the company's strong product offerings across free, premium and pay segments with Pluto TV and SHOWTIME OTT to create a linked ecosystem with the highly anticipated launch of Paramount+ on March 4. Paramount+ will feature a powerful combination of live sports, breaking news and a mountain of entertainment from ViacomCBS' portfolio of world-renowned brands and production studios, including BET, CBS, Comedy Central, MTV, Nickelodeon, Paramount Pictures and the Smithsonian Channel. New details about Paramount+ were unveiled during the ViacomCBS Streaming Event presentation, including an expansive slate of over 50 exclusive original series across scripted dramas, kids and family, reality, comedy, music, sports, news and documentaries that are set to premiere on the service in the next two years, including 36 arriving in 2021. These originals will join a deep and growing content catalog of more than 30,000 episodes and 2,500 movie titles. In addition, pricing tiers, leading launch sponsors and international rollout plans were announced. Paramount+ will have two pricing tiers available to U.S. subscribers that marry the best of live and on-demand programming. The premium tier, at $9.99, will be available with the full depth and breadth of live sports, around-the-clock news programming and world-class entertainment spanning Paramount+ originals to an expansive suite of current and library shows and movies. The offering will include CBS' live linear feed and commercial-free on demand viewing, with 4k, HDR and Dolby Vision, mobile downloads and cross-platform dynamic play functionality. An ad-supported tier will launch in June for $4.99 and offer the best in sports, news and entertainment. At that time, the current $5.99 plan will no longer be available for new users, but existing users will maintain grandfathered access. The ad-supported tier will feature a compelling offering of exciting Paramount+ originals, marquee sports content including live championship-level soccer and live NFL games, breaking news through CBSN and an extraordinary collection of content, including the full suite of current and library CBS shows available on demand."

In a regulatory filing, Greenhill & Co disclosed that its CEO Scott Bok bought 331K shares of common stock on February 23rd in a total transaction size of $493K, boosting his stake by about 1%.

AbbVie announced that the U.S. Food and Drug Administration approved HUMIRA for the treatment of moderately to severely active ulcerative colitis in pediatric patients 5 years of age and older. In clinical trials, HUMIRA induced clinical remission at Week 8 and maintained remission at Week 52 in patients who responded at Week 8. "Ulcerative colitis can have a profound effect on children and for too long, treatment options for pediatric patients have been limited," said Brandee Pappalardo, vice president and head of U.S. immunology medical affairs, AbbVie. "This approval provides the first and only subcutaneous biologic for pediatric patients with ulcerative colitis that can be administered at home. This new indication for HUMIRA demonstrates AbbVie's commitment to patients with inflammatory bowel diseases and reinforces our goal of reducing the burden of this disease for patients."

This is the 4th consecutive decrease and the lowest level of holdings since May 14th, 2020.

In an interview on CNBC's Mad Money, Hayden Brown said companies have come to realize that using remote workers allows them to tap into a global talent pool and they have adjusted their operating models to take advantage of it. Young people want more control, flexibility over their careers and freelancing allows that, she said. According to Brown, 70% of those on Upwork have a college degree and 20% have a graduate degree.

ViacomCBS's Nickelodeon announced the launch of Avatar Studios, a newly formed division designed to create original content spanning animated series and movies based on the world of Avatar: The Last Airbender and The Legend of Korra. Original creators and executive producers Michael DiMartino and Bryan Konietzko will helm the studio as co-chief creative officers, reporting to Ramsey Naito, President, Nickelodeon Animation. The Studio's output will bow on platforms including Paramount+, ViacomCBS' subscription video on-demand service; on Nickelodeon's own linear and digital platforms; as well as on third-party platforms and in theaters. The first project from Avatar Studios is slated as an animated theatrical film set to begin production this year. Additional details will be available soon.