Attention Netflix password sharers: Your days of giving free access to your account to someone outside your home are numbered.

The streaming platform announced Wednesday it would begin charging subscribers in a handful of countries to add up to two additional users who don’t live in the same household to their account.

For now, the option of buying extra subscriptions is being rolled out in Canada, New Zealand, Portugal and Spain.

And the sharing plans are only available to members using Standard ($15.49 a month) and Premium ($19.99 a month) subscriptions.

The official announcement confirms recent reports surfaced by users that Netflix was ready to impose the new sharing rules.

In its latest release, Netflix reiterated a previous estimate that more than 100 million households have shared their accounts with others, something the company said is ‘impacting our ability to invest in great new TV and films.’

The company said the new sharing restrictions would not impact users’ ability to watch on a new or separate device they have access to, like a TV at a hotel or a vacation rental. 

But the company’s message about restricting sharing is clear.

‘A Netflix account is intended for one household,’ it says.

Disney said Wednesday it is planning to reorganize into three segments. 

The media and entertainment giant said it would now be made up of three divisions:

Disney Entertainment, which includes most of its streaming and media operationsAn ESPN division that includes the TV network and streaming serviceA Parks, Experiences and Products unit 

The move marks the most significant action Bob Iger has taken since returning to the company as CEO in November. Disney announced the changes minutes after it posted its most recent quarterly earnings.

On Wednesday during its quarterly earnings call with investors, Disney also announced it would be cutting $5.5 billion costs, which will be made up of $3 billion from content, excluding sports, and the remaining $2.5 billion from non-content cuts.

Disney also said it would be eliminating 7,000 jobs from its workforce. That would be about 3% of the roughly 220,0000 people it employed as of Oct. 1, according to an SEC filing, with roughly 166,000 in the U.S. and about 54,000 internationally.

Disney’s stock rose more than 5% in after-market trading.

Media companies, such as Warner Bros. Discovery, have been pulling back on content spending and looking to make their streaming businesses profitable. Heightened competition has led to slowing subscriber growth, and companies have been looking to find new avenues of revenue growth. Some, like Disney+ and Netflix, have added cheaper, ad-supported options.

“We will take a very hard look at the cost of everything we make across television and film,” Iger said on a call with investors Wednesday.

The reorganization has been underway since Iger returned to the helm of Disney, replacing his hand-picked successor Bob Chapek.

The entertainment group will be led by top lieutenants Dana Walden and Alan Bergman, who are each considered contenders to take over for Iger in less than two years. ESPN Chairman Jimmy Pitaro will lead the ESPN segment, while Josh D’Amaro, already the head of Disney’s parks, experiences and products segment, will remain in control.

The future of ESPN under Disney’s ownership has been a question for some time for investors. Last year, activist investor Third Point had urged the company to spin out ESPN. Disney and Third Point later reached a deal, after reversing course on its thoughts for the future of ESPN.

Chapek’s removal came shortly after Disney had reported its fiscal fourth quarter earnings, disappointing on profit and certain key revenue segments. Chapek had also warned that Disney’s strong streaming numbers would taper off in the future. He had also told employees shortly thereafter that Disney would be cutting costs through hiring freezes, layoffs and other measures.

Shortly after his return, Iger sent a memo to employees announcing the business would be reorganized, particularly the Disney Media and Entertainment unit. The reorganization immediately meant the departure of Kareem Daniel, the head of the company’s previous media and entertainment unit, and right hand to Chapek. 

Iger had said he would put more “decision-making back in the hands of our creative teams and rationalize costs” at the time. The goal would be to have a new structure in place in the coming months, with elements of DMED remaining, CNBC reported. He added during a town hall that he wouldn’t lift the company’s hiring freeze as he reassessed Disney’s cost structure. 

On Wednesday, Iger again echoed those comments about returning control to the creative minds at the company.

“Our company is fueled by storytelling and creativity, and virtually every dollar we earn, every transaction, every interaction with our consumers, emanates from something creative,” Iger said Wednesday. “I have always believed that the best way to spur great creativity is to make sure the people who are managing the creative processes feel empowered.”

Bed Bath & Beyond will live to see another day — at least for now. 

The beleaguered home goods retailer is expecting to receive more than $1 billion in equity from a Hail Mary stock offering it hopes will stave off bankruptcy and liquidation, the company announced Tuesday. 

Bed Bath will receive $225 million in the offering up front plus an additional $800 million in proceeds over time, the company said. 

The company also secured another $100 million loan from Sixth Street Partners, one of its lenders. 

B. Riley Securities will be the sole bookrunner for the offering, the company said. 

The cash infusion will be used to pay some of the retailer’s debts after it defaulted on a loan with JPMorgan last month and missed a $25 million interest payment on Feb. 1, the company said in securities filings. 

Whatever’s left over will be used to aid Bed Bath’s attempt at a turnaround, the company said. However, it warned that if the deal doesn’t work out, the company will “likely” file for bankruptcy and see its assets liquidated. 

The retailer has been desperate to stave off bankruptcy and has been seeking investors willing to inject cash into the company or buy it, CNBC has reported. The efforts have evidently failed thus far, forcing Bed Bath to go to the public markets for funding.

Investors are likely to be wary of buying Bed Bath’s volatile stock but they could find some interest from the “less rational meme stock crowd,” which might be willing to “take the bait,” said Neil Saunders, managing director of GlobalData. 

“In our view, this is a last roll of the dice from a company that is desperate to raise cash to provide some financial headroom to pay down debts and keep operations going,” said Saunders, a veteran retail analyst and consultant. 

“There is no guarantee that the offering will yield the desired results,” he said. “Many investors are likely to be deterred by the incredibly weak balance sheet, the mountain of debt, and a business that remains fundamentally broken.” 

On Monday, Bed Bath’s shares, which became a meme stock favorite when activist investor Ryan Cohen invested in the company last year, surged by more than 100%. (Cohen sold his stake after a few months.) The stock fell about 35% Tuesday, however. Its market value is hovering around $445 million.

–CNBC’s Lillian Rizzo contributed to this report.

Bed Bath & Beyond said it plans to close another 150 stores as it continues to reorganize its finances.

The planned closures, announced in a regulatory filing Monday, come as the company also said it had struck a deal to raise $1 billion in funding to stave off a bankruptcy filing for now. The fundraising deal was first reported by The Wall Street Journal.

The locations of the new closures are not yet known. A company representative did not immediately respond to a request for comment.

Shares in Bed Bath & Beyond plunged nearly 50% in Tuesday trading as the deal dilutes existing stockholders.

The company said the new closures build on the previously announced shutdowns of approximately 200 Bed Bath & Beyond stores, including some buybuy Baby locations, as well as the closure of 50 standalone Harmon stores in the U.S.

Bed Bath & Beyond says it plans to shut down the Harmon brand entirely.

In total, Bed Bath & Beyond will have shuttered 400 stores in the past year or so — nearly half its total brick-and-mortar footprint.

A former senior vice president of Wells Fargo has filed a lawsuit alleging she was raped by a colleague, and is accusing three other co-workers of enabling the assault.

And when she raised the incident with Wells Fargo officials, the bank did not expeditiously investigate the allegations, the lawsuit claims.  

The accuser, referred to as Jane Doe in the suit, names Eric R. Pagel, a Wells Fargo senior investment strategist and managing director, as her alleged attacker. She alleges Pagel repeatedly subjected her to unwanted advances, groping and sexually denigrating comments, both before and after the alleged incident took place.

It was not immediately clear whether Pagel continues to work at Wells Fargo. Reached by text message, he referred a request for comment to Wells Fargo, which issued a brief statement.

“We take all allegations of misconduct very seriously,” spokesperson Richele Messick said in an email. “We just learned of the lawsuit today and are reviewing it.”

The accusations represent another negative mark for a bank that has faced numerous federal inquiries into its practices. Most recently, it paid $3.7 billion to settle a slew of alleged consumer abuses in the wake of what regulators called its “rinse-repeat cycle of violating the law.”

Wells Fargo has also been the subject of media reports describing a “toxic culture” that led to employees creating millions of fake bank accounts, a scandal that led to the ouster of longtime CEO John Stumpf.

According to Jane Doe’s complaint, filed Thursday, the alleged attack occurred during a business trip to Bakersfield, California, on Jan. 23, 2020. That evening, the complaint states, Doe and the defendants went to dinner and a bar, where they “consumed copious amounts of alcohol, and Doe became intoxicated.”

Afterward, David Weitzel, a senior vice president named as a defendant by Doe, walked Doe back to her hotel room. Soon thereafter, Pagel knocked on her door, forced his way in and raped her, the complaint states.

Reached by text message, Weitzel indicated he and the other defendants named in the suit, Mark Peterson and Brian Ray, did not yet have an attorney. Weitzel declined to respond to additional follow-up questions. Peterson and Ray could not be reached for comment.  

About a week later, Doe says in the complaint, she confronted Pagel, and he admitted the pair had sex multiple times. Doe’s suit alleges Pagel acknowledged that he knew she was intoxicated. 

“For the ensuing months,” Doe states, she “was emotionally distressed to the point of paralysis with the thought of her sexual assault.” She also says Weitzel demonstrated a “cavalier attitude” when she pointed out further inappropriate comments.

Doe initially held off on making a formal complaint about the alleged attack through Wells Fargo’s formal channels because she was “too embarrassed and mortified” at the idea of doing so, “catastrophizing scenarios in her head whether she would be believed, blamed, ridiculed, retaliated against and somehow further victimized for speaking up,” the complaint states.

“However, as time passed with the perpetrators living as if nothing happened to her, she eventually built up the courage to speak up,” the complaint states.

On Nov. 13, 2020, Doe finally filed a formal complaint about the assault to the Wells Fargo’s ethics hotline. She subsequently lodged a formal complaint with the Los Angeles County Sheriff’s Department.

In response to her official complaint, Doe alleges in the suit, Wells Fargo retaliated against her by reassigning her clients to another employee without her input, excluding her from important client communications, and threatening to exclude her from lucrative accounts.  

Doe says Wells Fargo did not begin its internal investigation in earnest until she made a formal charge with the U.S. Equal Employment Opportunity Commission (EEOC) in April 2021, five months after her internal complaint to the company. 

In a statement, the EEOC said it does not comment on potential filings. 

In July 2021, Doe resigned from Wells Fargo, Doe states in the complaint, “feeling her ongoing employment there “was intolerable to her wellbeing.”

Doe is seeking compensatory and punitive damages for lost wages and benefits, emotional distress, medical expenses, and attorneys’ fees.

“Our client was taken advantage of and raped by a superior, suffering trauma, betrayal, and an utter invasion of personal space that no one should be subjected to in any workplace,” the plaintiff’s attorney, Ron Zambrano of West Coast Trial Lawyers, said in a statement. “Wells Fargo’s response, just sitting on their hands and dragging their feet not even attempting to conduct a competent investigation, is absolutely unacceptable.”

Chick-fil-A will test its first plant-based entree: a cauliflower sandwich.

The new sandwich closely resembles its famous chicken sandwich, but uses breaded and pressure-cooked cauliflower in place of meat.

Starting Monday, the privately owned chain, which is the third-largest in the U.S. by sales, will test the menu item in Denver; Charleston, South Carolina; and the Greensboro-Triad region of North Carolina.

Chick-fil-A said it’s been working on a plant-based sandwich for nearly four years, right around when chains like Dunkin’ and Restaurant Brands International’s Burger King were putting Beyond Meat and Impossible Foods substitutes on their menus.

But meat alternatives that closely resemble the real thing have fallen out of favor with consumers after a surge in popularity during pandemic lockdowns. Both Beyond and Impossible have recently laid off about a fifth of their workforces.

“We explored every corner of the plant-based space in search of the perfect centerpiece for our plant-forward entrée,” Chick-fil-A Culinary Lead Stuart Tracy said in a statement. “Time and time again, we kept returning to cauliflower as the base of our sandwich.”

Over the last decade, cauliflower has become a popular substitute for a plethora of different foods. Buffalo Wild Wings and countless bars serve fried cauliflower smothered in buffalo sauce as an alternative to chicken wings. Cauliflower has also popped up in pretzel form and — when finely chopped — as a rice substitute.

Yahoo will lay off more than 20% of its workforce by the end of 2023, eliminating 1,000 positions this week alone, the company said in a statement Thursday.

Private equity firm Apollo Global Management acquired 90% of Yahoo from Verizon in September 2021. The company had about 10,000 employees at that time, according to PitchBook data.

Axios reported that more than 1,600 workers would lose their jobs in the latest cuts, suggesting the company’s current head count is closer to 8,000 employees.

The layoffs are part of a broader effort by the company to streamline operations in Yahoo’s advertising unit. The Yahoo for Business segment’s strategy had “struggled to live up to our high standards across the entire stack,” according to a Yahoo spokesperson.

“Given the new focus of the new Yahoo Advertising group, we will reduce the workforce of the former Yahoo for Business division by nearly 50% by the end of 2023,” a Yahoo spokesperson told CNBC.

Yahoo said the company would shift efforts to its 30-year partnership with Taboola, a digital advertising company, to satisfy ad services.

“These decisions are never easy, but we believe these changes will simplify and strengthen our advertising business for the long run, while enabling Yahoo to deliver better value to our customers and partners,” the Yahoo spokesperson said.

It was not immediately clear what benefits or severance laid-off employees would receive. A Yahoo spokesperson did not immediately respond to follow-up questions sent by CNBC.

A baby was killed and another was injured after they became entrapped in a popular Baby Trend stroller that’s sold at retailers like Amazon, Walmart and Buybuy Baby, the Consumer Product Safety Commission announced Thursday. 

The safety group and the company issued a warning saying children could be at risk of head or neck entrapment in Baby Trend’s Sit N’ Stand Double and Ultra Strollers if they aren’t properly strapped in or if a child climbs on the exterior of the stroller. 

A 14-month-old child who wasn’t sitting in the stroller was fatally asphyxiated after its neck became entrapped in the space between the front of the canopy tube and armrest of a Baby Trend Sit N’ Stand double stroller, the CPSC said. 

The child’s father was nearby but unable to see the kid, the group said. 

The other child, a 17-month-old, was partially secured in the stroller and became entrapped in the space between the back of the canopy tube and the seat back of the front seat, resulting in neck bruises, the CPSC said. 

The strollers have been sold nationwide since 2009. It’s unclear when the incidents happened or whether there have been other cases. 

The CPSC and Baby Trend are warning consumers to remove and separately store the canopy when it’s not in use and ensure children are always fully secured in the stroller with its built-in five-point harness. They also warned that children shouldn’t play on the stroller by climbing on it.

The impacted strollers have model numbers beginning with SS76 or SS66, which can be found on a sticker on the left inside rear of the frame. 

Baby Trend is a global manufacturer of products for children that’s been in business for more than 30 years, according to company news releases. In 2016, it was acquired by the Alpha Group Co. Ltd. for $94 million. 

The Alpha Group is an animation and pan-entertainment platform based in China that started as a toy company. 

Baby Trend didn’t respond to a request for additional information.