에 대한 최신 뉴스 IperionX (NASDAQ:IPX) 주식

IperionX Ltd produces titanium critical minerals, titanium powders, and titanium end products for various industries. The company's breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, recyclable, and have low carbon intensity. IperionX is producing titanium metal powders from titanium scrap at its operational pilot facility in Utah, It also owns a titan critical minerals project, the Titan Project, covering over 11,000 acres of critical minerals that include titanium, rare earth elements, silica sand, and zircon in Tennessee, United States.

Earnings

Commodities

CENX

USAP

2024년 5월 1일의 주요 소식: 1. 이페리온X(NASDAQ:IPX)와 베가스 패스너 매뉴팩처링(Vegas Fastener Manufacturing)은 미국 육군 지상 차량 시스템 센터를 포함한 주요 부문을 위한 티타늄 합금 패스너 및 정밀 부품을 개발 및 제조하기 위해 파트너십을 맺었다.

수요일 주요 광업 뉴스: 이페리온X, 유니버설 스테인리스, 센추리 알루미늄, 라이어슨

Global

AAUKF

GATO

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

2024년 4월 26일의 주요 뉴스: 앵글로 아메리칸(OTC:AAUKF)은 BHP 그룹(NYSE:BHP)의 390억 달러 규모의 전체 주식 인수 입찰을 &#39;매우 매력이 없고&#39; 저평가됐다며 거부했다.

금요일 주요 광업 뉴스: 앵글로 아메리칸, 가토스 실버, 이페리온X, 하이크로프트

IONR

2024년 4월 15일 주요 뉴스: 1. 피드몬트 리튬 (NASDAQ:PLL)는 가스통(Gaston) 카운티의 캐롤라이나 리튬(Carolina Lithium) 프로젝트에 대한 채광 허가에 대해 노스캐롤라이나 환경부로부터 승인을 받니다. 2021년 8월부터 철저한 검토를 거쳐 발급된 이번 허가로, 이 사이트의 건설, 운영 및 복구가 가능해졌다. 

월요일 주요 광업 뉴스: 피드몬트, U.S. 스틸, 아이오니어, 이페리온엑스

IperionX Limited - American Depositary Share

IperionX Ltd

Tachyon Protocol

Impax Asset Management Group PLC

FT IPOX EUROPE EQUITY OPP UCITS ETF

Inpex Corp

ISHRS MSCI PACIF EX JPN USD DIST ETF

Inflection Point Acquisition Corp. II - Class A Ordinary Shares

Inflection Point Acquisition Corp II

Inflection Point Acquisition Corp. II - Unit

Inflection Point Acquisition Corp. II - Warrant

&nbsp;XRP and Litecoin racked up impressive gains Thursday even as blue-chip cryptocurrencies took a breather.
What happened: Payment-focused cryptocurrency XRP emerged as the best-performing cryptocurrency in the last 24 hours, surging nearly 18%.&nbsp;
The coin's trading volume soared 50% to $10.54 billion, making it one of the most traded cryptocurrencies in the last 24 hours.
The rally followed SEC Chair Gary Gensler's remarks <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41993524/gary-gensler-hints-at-ending-his-stint-as-sec-chair-defends-crypto-regulation-agenda">suggesting he may be ending his stint</a>.&nbsp;
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:30 p.m. EDT)</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>+17.94%</td>
<td>$0.8199</td>
</tr>
<tr>
<td>Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>)</td>
<td>+8.59%</td>
<td>$81.57</td>
</tr>
</tbody>
</table>
</figure>
Ripple Labs has been locked in a nearly <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40240559/xrp-outshines-bitcoin-ethereum-to-become-biggest-daily-gainer-after-judge-imposes-125m-pen">four-year-long legal battle</a> with the SEC over the status of XRP, the coin at the center of the company's operations.
With the latest upswing, XRP's weekly gains nearly hit 50%.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hard fork Litecoin was also among the top gainers, surging over 8% in the last 24 hours. The proof-of-work (PoW) cryptocurrency topped $84 for the first time in over five months.&nbsp;
The jump came in response to a rather bizarre post by Litecoin's X handle, declaring that it identifies itself as a meme coin.&nbsp;
While the objective may have been to humorously contrast LTC&#8217;s lackluster trajectory with that of meme currencies, it seems that the bait worked.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Due to current market conditions I now identify as a memecoin.
&mdash; Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1856863438787481635?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
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The uptick observed for XRP and LTC was in contrast to the corrective price action of Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) on Thursday.
Year-to-date, XRP's gains improved by 33%, while LTC continued to be a laggard at 12%. In comparison, Bitcoin was up over 108%, while Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) rose 105% and 99%, respectively.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/41999143/microstrategy-ceo-michael-saylor-expects-more-pro-bitcoin-policies-under-incoming-trump-administration">Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BNB

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$XRP

Gary Gensler's Departure Talk Fuels XRP, 'Meme Coin' Play Powers Litecoin As Action Shifts To Lagging Altcoins

Prominent Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) investor Ross Gerber blasted Tesla&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">reported support for eliminating the $7,500 federal electric vehicle tax credit</a>, calling the position &#8220;insanity&#8221; on social media platform X. 
What Happened: The CEO of Gerber Kawasaki Wealth and Investment Management was responding to reports that Tesla is backing the President-elect Donald Trump administration&#8217;s plans to end the incentive.
The move appears to contradict Tesla&#8217;s stated mission of accelerating the world&#8217;s transition to sustainable transport. According to a recent Reuters report, Tesla has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">indicated support for removing the tax credit</a> despite having previously lobbied for the incentive, which has boosted the company&#8217;s U.S. sales in recent years.
The shift in Tesla&#8217;s stance comes as CEO Elon Musk, who has endorsed Trump, reportedly believes eliminating the credit would harm competitors more than Tesla. This marks a departure from Musk&#8217;s previous positions, including his resignation from Trump&#8217;s business council in 2017 over the U.S. withdrawal from the Paris climate agreement.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Insanity. <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a> <a href="https://twitter.com/hashtag/tesla?src=hash&amp;ref_src=twsrc%5Etfw">#tesla</a> <a href="https://t.co/Yn0EfTlQu8">https://t.co/Yn0EfTlQu8</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1857133916370657302?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/24/11/41998258/cathie-wood-keeps-betting-on-amazons-haul-play-ark-loads-up-6m-worth-of-shares">Cathie Wood Keeps Betting On Amazon&#8217;s &#8216;Haul&#8217; Play: Ark Loads Up $6M Worth Of Shares</a>
Why It Matters: Investment experts are divided on the potential impact. Gary Black, managing partner at The Future Fund LLC, warns that Tesla has the most to lose, noting that removing the credit would effectively raise Tesla&#8217;s U.S. vehicle prices by 20% and affect <a href="https://www.benzinga.com/news/global/24/11/41998381/tesla-earnings-will-be-hit-hardest-if-7500-ev-credit-is-cut-warns-gary-black-citing-80-dependence-on-ev-sales-please-do-the-math">roughly 30% of its global sales</a>. 
However, Wedbush analyst Dan Ives suggests the move could ultimately benefit Tesla due to its superior scale compared to competitors.
The debate intensifies as Tesla aims for <a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher">record sales in the fourth quarter of 2024</a> to avoid its first annual decline in deliveries. The potential elimination of the tax credit would require congressional approval and could significantly impact EV adoption in the United States, which already lags behind other major markets.
Price Action: Tesla stock closed at $311.18 on Thursday, down 5.77% for the day. In after-hours trading, Tesla slipped a further 1.15%. Despite recent drops, Tesla's stock has gained 25.26% year to date, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41997224/elliott-investment-management-adds-to-southwest-western-digital-etsy-match-group-trims-bill-holdings-seadrill-blackline-nrg-energy-in-q3">Elliott Investment Management Adds To Southwest, Western Digital, Etsy, Match Group; Trims BILL Holdings, Seadrill, BlackLine, NRG Energy In Q3</a></li>
</ul>
Courtesy of Tesla, Inc.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

TSLA

Long-Time Tesla Bull Rages As Elon Musk Reportedly Backs Trump's Plan To Ax $7.5K EV Credit: 'Insanity'

Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), deemed the Donald Trump-led Republican triumph the &#8220;biggest&#8221; bullish catalyst for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) over the last four years.
What Happened: In an interview with CNBC on Thursday, Saylor said that the &#8220;red wave&#8221; has been &#8220;incredibly auspicious&#8221; for Bitcoin and the broader cryptocurrency industry.
The Bitcoin bull anticipated a friendlier SEC at the helm amid speculations of current chair Gary Gensler stepping aside.
&#8220;It&#8217;s very good for the cryptocurrency industry. We&#8217;re going to see a lot more pro-Bitcoin policies. We are going to see a digital assets framework. We are going to see an end to the war on crypto.,&#8221; Saylor predicted. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;The red wave is probably the biggest thing that has happened in the past four years for bitcoin&quot; &#8211; <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw">@MicroStrategy</a> founder &amp; chairman <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> on his crypto expectations under a second Trump presidency. <a href="https://t.co/9BYAYgLGe8">pic.twitter.com/9BYAYgLGe8</a>
&mdash; CNBCOvertime (@CNBCOvertime) <a href="https://twitter.com/CNBCOvertime/status/1857179737606459844?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
With the election uncertainty behind, Saylor also ruled out any major bearish events for Bitcoin in the foreseeable future.
&#8220;I am planning the $100,000 party, and I am thinking it is probably going to be New Year&#8217;s Eve at my house. So, I would be surprised if we don&#8217;t go through $100,000 in November or December,&#8221; Saylor said in a burst of enthusiasm.
See Also: <a href="https://www.benzinga.com/news/events/24/11/41992186/could-new-legislation-finally-bring-clarity-to-us-crypto-rules-industry-expert-weighs-in">Could New Legislation Finally Bring Clarity To US Crypto Rules? Industry Expert Weighs In</a>
Why It Matters: Saylor&#8217;s bullish sentiment aligned with the ongoing success of his company&#8217;s publicly-traded stock. 
MicroStrategy&#8217;s shares hit a record high earlier this week, pushing the firm&#8217;s market valuation to $72.26 billion, a $50 billion increase since September 6. This gain <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41961419/bitcoin-proxy-microstrategy-added-more-to-its-market-cap-in-last-2-months-than-what-ford-is-worth-currently">surpassed the total capitalization</a> of Ford Motor Co. (F) and Cognizant Technology Solutions Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>).
The firm, known famously as Bitcoin&#8217;s biggest corporate holder, was sitting on unrealized profits of over $12.7 billion as of this writing, <a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to data from bitcointreasuries.net.&nbsp;&nbsp;
The company&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil" target="_blank" rel="noreferrer noopener">announced plans</a>&nbsp;to raise as much as $42 billion in equity and debt funding over the next three years to accumulate more Bitcoin.
Price Action: At the time of writing, Bitcoin was exchanging hands at $88,288.00, down 1.73% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Shares of MicroStrategy closed 0.22% lower at $327.67 during Thursday&#8217;s regular trading session.
Photo Courtesy: Wikimedia
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/11/41996491/18-republican-states-sue-bidens-sec-over-harsh-crypto-crackdown">18 Republican States Sue Biden&#8217;s SEC Over Harsh Crypto Crackdown</a></li>
</ul>

CTSH

MSTR

Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump

Federal Reserve Chair Jerome Powell faced sharp criticism from prominent economist Mohamed El-Erian following a Dallas Chamber event Thursday, where Powell&#8217;s cautious stance on rate cuts <a href="https://www.benzinga.com/news/treasuries/24/11/41993899/powells-hawkish-remarks-shake-markets-stocks-fall-dollar-rockets-bitcoin-dips">triggered significant market movements</a>.
What Happened: El-Erian, Chief Economic Advisor at Allianz, critiqued Powell&#8217;s performance on social media platform X, noting that the Fed chair &#8220;struggled with smart questions&#8221; and &#8220;confused the economics of different possible scenarios.&#8221; 
El-Erian suggested Powell might avoid similar interview formats in the future, particularly highlighting the chair&#8217;s unclear response regarding new monetary frameworks.
During the Dallas event, Powell emphasized the <a href="https://www.benzinga.com/news/treasuries/24/11/41993899/powells-hawkish-remarks-shake-markets-stocks-fall-dollar-rockets-bitcoin-dips">U.S. economy&#8217;s exceptional strength</a> while maintaining a careful position on potential rate cuts. &#8220;Inflation is running much closer to our 2% longer-run goal, but it is not there yet. We are committed to finishing the job,&#8221; Powell stated, indicating no rush to lower rates despite market expectations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I doubt Fed Chair Powell will do another interview like this anytime soon. He struggled with some of the smart questions, often deflecting with historical explanations, and he confused the economics of different possible scenarios. His response to the question on a new monetary… <a href="https://t.co/x0qpYzWDUz">https://t.co/x0qpYzWDUz</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1857165803444965755?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/24/11/41998258/cathie-wood-keeps-betting-on-amazons-haul-play-ark-loads-up-6m-worth-of-shares">Cathie Wood Keeps Betting On Amazon&#8217;s &#8216;Haul&#8217; Play: Ark Loads Up $6M Worth Of Shares</a>
Why It Matters: The Fed chair pointed to increased productivity as a key factor in recent economic performance, noting that productivity growth over the past five years has outpaced the two decades before the pandemic. This strength, Powell suggested, allows for a more measured approach to monetary policy decisions.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the benchmark S&amp;P 500 index, fell 0.64% as investors recalibrated their rate cut expectations. Technology stocks felt the pressure, with the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), representing the Nasdaq-100 index, declining 0.69%. Small-cap stocks bore the brunt of the selling, as evidenced by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dropping 1.35%, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Powell&#8217;s remarks triggered a sharp <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">repricing</a> in rate cut expectations, with the CME FedWatch Tool showing the probability of a December rate reduction falling to 58.9% from nearly 80%. This shift came after Powell emphasized the economy&#8217;s remarkable strength and indicated no urgency to lower rates.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/41998381/tesla-earnings-will-be-hit-hardest-if-7500-ev-credit-is-cut-warns-gary-black-citing-80-dependence-on-ev-sales-please-do-the-math">Tesla Earnings Will Be Hit Hardest If $7.5K EV Credit Gets Cut By Trump, Warns Gary Black: &#8216;Do The Math&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Federal Reserve

ETFs

Mohamed El-Erian Criticizes Fed Chair Powell's Interview Performance: 'He Struggled With Some Of The Smart Questions'

Widely-followed cryptocurrency analyst Willy Woo threw a jibe at economist Peter Schiff for attempting to stay relevant by dunking on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: On Thursday, Woo took to X to describe a rather unique perspective on Bitcoin. He said that the leading cryptocurrency was more than just a digital form of money, instead likening it to a &#8220;squatter living rent-free in people&#8217;s minds.&#8221;
&#8220;After a while, there's only 2 paths: you buy it and become rich or you keep hating and turn crazy,&#8221; Woo added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">People think <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is digital money but they miss the point. Bitcoin a squatter living rent free in people's minds. After a while there's only 2 paths: you buy it and become rich or you keep hating and turn crazy.
&mdash; Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1857029548333728152?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/legal/24/11/41996491/18-republican-states-sue-bidens-sec-over-harsh-crypto-crackdown">18 Republican States Sue Biden&#8217;s SEC Over Harsh Crypto Crackdown</a>
Woo&#8217;s remark was in response to Schiff, who sarcastically suggested that the Social Security Trust Fund should sell all of its Treasuries to buy Bitcoin. 
Schiff&#8217;s comment was a tongue-in-cheek critique of Bitcoin&#8217;s volatile nature and the potential economic catastrophe he believed could ensue if the U.S. government were to establish a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve.
Why It Matters: Schiff&#8217;s views on Bitcoin have been controversial, and many have accused him of doing engagement farming by repeatedly mentioning the coin in his X posts.
His critics <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38781124/peter-schiff-says-he-gets-a-kick-out-of-fanatics-accusing-him-of-secretly-owning-bitcoin-t" target="_blank" rel="noreferrer noopener">believe he secretly owns Bitcoin</a>, in contrast to the overtly critical positions he takes on social media. The economist has consistently denied this claim
Earlier this week, Schiff <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41891221/peter-schiff-says-he-would-have-loaded-up-on-bitcoin-had-he-known-that-the-btc-bubble-would-get-this-big">dismissed Bitcoin&#8217;s bull run</a> as a &#8220;popular delusion&#8221; and &#8220;madness of crowds,&#8221; predicting staggering losses when the bubble finally pops. He has also warned that if the U.S. government began buying Bitcoin, it could trigger a market crash.
Price Action: At the time of writing, Bitcoin was trading at $88,160.96, down 2.36% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. The coin was up over 16% in the last week.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41993524/gary-gensler-hints-at-ending-his-stint-as-sec-chair-defends-crypto-regulation-agenda">Gary Gensler Hints At Ending His Stint As SEC Chair, Defends Crypto Regulation Agenda</a></li>
</ul>

Peter Schiff's Cheeky Bitcoin Turnaround Post Earns Reaction From Popular Analyst: 'You Buy It And Become Rich Or You Keep Hating And Turn Crazy'

4Front Ventures Corp. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/FFNT#CSE">FFNT</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>), a U.S. multi-state <a href="http://benzinga.com/cannabis">cannabis</a> operator, announced its Q3 2024 revenue Thursday of $17.1 million, down from $18.7 million in the <a href="https://www.benzinga.com/markets/cannabis/24/08/40394058/multi-state-marijuana-operator-4front-posts-31-yoy-lower-q2-revenue-sees-net-loss-reduction-rema">previous quarter</a>. The company highlighted substantial gains in Massachusetts and promising developments in Illinois as the Matteson facility ramps up production.
<h4 class="wp-block-heading">Q3 2024 Financial Highlights</h4>
<ul>
<li>Revenue was $17.1 million, a decrease from $23 million in Q3 2023.</li>
<li>Net Loss was $6.4 million, an improvement from a net loss of $62.1 million in Q3 2023.</li>
<li>Adjusted EBITDA was $1 million, compared to an adjusted EBITDA loss of $4.8 million in Q3 2023.</li>
<li>Gross Profit was $3.7 million, down from $9.3 million in Q3 2023.</li>
</ul>
<h3 class="wp-block-heading">Scalable Production, Strategic Expansion Powers Market Growth</h3>
The Matteson facility, nearing full operational capacity, is expected to address <a href="http://benzinga.com/topic/illinois-cannabis">Illinois&#8217;</a> supply constraints, boosting 4Front's market share. CEO Andrew Thut <a href="https://www.prnewswire.com/news-releases/4front-ventures-reports-third-quarter-2024-results-302306042.html">stressed</a> the strong demand. &#8220;Early responses to Matteson&#8217;s production have been highly positive.&#8221; The facility&#8217;s scalability aligns with strategic growth plans, leveraging new supply agreements.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
<a href="http://benzinga.com/topic/massachusetts-cannabis">Massachusetts</a> saw a 56% quarter-over-quarter growth in wholesale revenue, driven by consistent high-quality production. Meanwhile, in Washington, 4Front returned to record revenues, showcasing its adaptability in competitive markets.
New product launches, including the &#8220;Smoke Breaks&#8221; pre-rolls, expanded the company&#8217;s offerings in Illinois and Massachusetts.
<h3 class="wp-block-heading">4Front's CEO Optimistic Amid Regulatory Uncertainty</h3>
"Despite the uncertainties surrounding federal cannabis reform, we&#8217;re optimistic, especially given signs that we may have unexpected advocates in the incoming administration," said Thut. The company expects its operational momentum to continue into Q4, targeting positive cash flows and expanded market reach.
Read Also: <a href="https://www.benzinga.com/24/11/41915099/cannabis-stocks-pop-following-chris-christies-prediction-on-trumps-policy-shift">Cannabis Stocks Pop Chris Christie's Prediction On Trump</a>
<h3 class="wp-block-heading">Capital Optimization, Product Diversification To Drive Expansion</h3>
4Front has also retained Canaccord Genuity to optimize its capital structure, a move aimed at securing growth capital and enhancing financial performance. With the scaling of the Matteson facility and a focus on diversifying its product lines, the company is heading for sustained operational growth and shareholder value.
FFNTF Price Action FFNTF's shares were trading 11.76% lower at $0.03 per share at the time of market close Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/41992549/cv-sciences-q3-revenue-stable-amid-new-launches-financing">CV Sciences Q3: Revenue Stable Amid New Launches, Financing</a></li>
</ul>
Image created using artificial intelligence with Midjourney

Cannabis

CSE:FFNT

FFNTF

Cannabis Co. 4Front Sees Loss Narrow In Q3, Major Growth In MA, IL

The Department of Government Efficiency (DOGE), led by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk and Vivek Ramaswamy, is seeking high-IQ candidates to reduce federal inefficiencies under President-elect Donald Trump.
What Happened: On Thursday, <a href="https://www.benzinga.com/24/11/41965420/department-of-government-efficiency-led-by-elon-musk-and-vivek-ramaswamy-opens-x-account-with-username-doge">DOGE's official account</a> on X, formerly Twitter, posted a call for applicants willing to work 80+ hours a week to streamline government spending and cut bureaucracy.
DOGE, also referencing the cryptocurrency Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), will focus on reducing waste, cutting excess regulations, and restructuring agencies for efficiency.
Interested candidates are asked to DM their CVs, with Musk and Ramaswamy reviewing the top 1% of applicants.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/24/11/41773588/elon-musks-mom-knew-he-was-a-genius-by-3-years-old-but-worried-hed-end-up-in-a-basement-now-hes-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk's Mom Knew He Was A ‘Genius' By 3 Years Old But Worried He'd ‘End Up In A Basement' – Now He's The Richest Man In The World</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are very grateful to the thousands of Americans who have expressed interest in helping us at DOGE. We don't need more part-time idea generators. We need super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting. If that's…
&mdash; Department of Government Efficiency (@DOGE) <a href="https://twitter.com/DOGE/status/1857076831104434289?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The department&#8217;s mission is to reduce government bureaucracy, eliminate unnecessary regulations, cut wasteful expenditures, and restructure federal agencies.
Why It Matters: The requirement to join DOGE mirrors Musk&#8217;s infamous 2022 middle-of-the-night email to Twitter employees, urging them to be &#8220;extremely hardcore&#8221; and work &#8220;long hours at high intensity.&#8221;
Earlier, Gene Munster of Deepwater Asset Management&nbsp;cautioned that Musk&#8217;s efficiency plans could take <a href="https://www.benzinga.com/news/24/11/41961033/gene-munster-says-elon-musks-doge-efficiency-plans-should-not-be-underestimated-but-warns-itll-likely-take-many-years-to-achieve-2-trillion-in-government-spending">years to achieve a $2 trillion reduction</a> in government spending.
Senator&nbsp;Ted Cruz&nbsp;(R-Texas) also warned that <a href="https://www.benzinga.com/24/11/41961161/musk-ramaswamy-headed-doge-department-will-be-an-incredibly-challenging-endeavor-says-ted-cruzshares-this-piece-of-advice">running DOGE won&#8217;t be easy</a>, while&nbsp;Robert Reich, a Clinton-era official, raised concerns about <a href="https://www.benzinga.com/politics/24/11/41962372/trumps-doge-with-musk-at-the-helm-riddled-with-conflicts-of-interest-says-clinton-era-official-robert-reich">potential conflicts of interest</a>.
Trump previously said that the DOGE department's work is expected to be completed by July 4, 2026, at the latest.
Price Action: Dogecoin is currently valued at $0.3669, showing a 6.17% decrease in the past 24 hours. Meanwhile, DOGE&#8217;s trading volume has fallen by 38.96%, totaling $15.94 billion as of this writing.
Tesla shares closed Thursday&#8217;s session down 5.77%, finishing at $311.18. In after-hours trading, the stock dropped further to $307.61 at the time of writing, according to the <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photos courtesy: Shutterstock and Gage Skidmore on Flickr
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41963342/elizabeth-warrens-sarcastic-take-on-doges-split-leadership-gets-slammed-by-elon-musk-unlike-you-neither-of-us-are-being-paid">Elizabeth Warren&#8217;s Sarcastic Take On DOGE&#8217;s Split Leadership Gets Slammed By Elon Musk: &#8216;Unlike You, Neither Of Us Are Being Paid&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Politics

$DOGE

Elon Musk And Vivek Ramaswamy Are Looking For 'High IQ Small-Government Revolutionaries' Who Are Willing To Put In 80+ Hours At DOGE

The US stock market experienced a downward trend on Thursday, with both the Nasdaq Composite and the S&amp;P 500 indices falling by nearly 0.6% respectively. The Dow also traded down by 0.5% to 43,750.86. This came amidst news of a 0.2% rise in U.S. producer prices for October.
Federal Reserve Chair Jerome Powell highlighted the resilience of the U.S. economy, suggesting there's <a href="https://www.benzinga.com/news/econ-s/24/11/41991849/powell-with-strong-us-economy-fed-has-no-need-to-be-in-a-hurry-to-lower-rates">no rush to lower rates</a>, though future decisions will be data-driven. The equity markets had a negative reaction to Powell&#8217;s comments.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
Palantir&#8217;s shares closed down 2.50% at $59.18, with an intraday high of $61.17 and a low of $58.53. The stock&#8217;s 52-week high and low stand at $63.39 and $15.66 respectively. The company announced it will transfer its <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41994158/palantir-stock-is-rising-after-the-bell-whats-going-on">stock listing to the Nasdaq</a>, expected to commence on Nov. 26.
Moderna Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>)
Moderna&#8217;s stock fell by 5.62% to close at $39.77. The shares traded between $42.06 and $38.76 through the day, with a 52-week range of $170.47 and $38.76. The <a href="https://www.benzinga.com/government/regulations/24/11/41993115/trump-taps-rfk-jr-for-health-secretary-role-sends-5-vaccine-stocks-lower">appointment</a> of vaccine skeptic Robert F. Kennedy Jr. as Health Secretary by President-elect Donald Trump sent vaccine stocks lower.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41963342/elizabeth-warrens-sarcastic-take-on-doges-split-leadership-gets-slammed-by-elon-musk-unlike-you-neither-of-us-are-being-paid?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elizabeth Warren&#8217;s Sarcastic Take On DOGE&#8217;s Split Leadership Gets Slammed By Elon Musk: &#8216;Unlike You, Neit</a>
Pfizer Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>)
Pfizer&#8217;s shares closed down 2.62% at $26.02, with an intraday high of $26.85 and a low of $25.84. The 52-week high and low for the stock are $31.54 and $25.2 respectively. The stock was affected by the same news as Moderna.
Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s shares fell by 1.54% to close at $90.58. The stock hit an intraday high of $91.56 and a low of $90.01. The 52-week range for the stock is $117.82 and $66.63. The company is set to unveil its second-quarter earnings on Friday, amidst a <a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41991453/alibaba-q2-earnings-could-hint-at-a-turnaround-but-bearish-signals-loom-over-charts">challenging macroeconomic environment</a> and increased competition.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares fell by 5.77% to close at $311.18. The shares traded between $329.98 and $310.37 through the day, with a 52-week range of $358.64 and $138.8. Investment veteran Gary Black <a href="https://www.benzinga.com/news/global/24/11/41998381/tesla-earnings-will-be-hit-hardest-if-7500-ev-credit-is-cut-warns-gary-black-citing-80-dependence-on-ev-sales-please-do-the-math">warned</a> that Tesla&#8217;s earnings could be hit hardest if the $7,500 federal electric vehicle tax credit is eliminated.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href=""Premarket">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41927985/bitcoin-ethereum-consolidate-dogecoin-surges-as-election-rally-takes-a-breather-analyst-says-pullback-typical-for-healthy-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Consolidate, Dogecoin Surges As Election Rally Takes A Breather: Analyst Says Pullback &#8216;Typical&#8217; For Healthy Market</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

BABA

MRNA

PLTR

Palantir, Moderna, Pfizer, Alibaba, Tesla: Why These 5 Stocks Are On Investors' Radars Today

As interest in <a href="https://www.benzinga.com/topic/psychedelic-assisted-therapies">psychedelic-assisted therapies</a> (PATs) grows, so does the need for clearer safety guidelines. Psychedelic treatments using substances like <a href="https://www.benzinga.com/topic/psilocybin">psilocybin</a>, <a href="https://www.benzinga.com/topic/lsd">LSD</a>, and <a href="https://www.benzinga.com/topic/mdma">MDMA</a> are being explored for mental health issues like depression and PTSD, showing promising results. The FDA has granted breakthrough therapy status to some, but its recent <a href="https://www.benzinga.com/markets/cannabis/24/08/40300943/fda-rejects-mdma-for-ptsd-treatment-calls-for-more-research-on-psychedelic-therapy">rejection of MDMA for PTSD</a> due to safety concerns highlights the need for standardized assessments of adverse events (AEs) in these therapies. 
While research has largely focused on their benefits, assessing the risks and AEs related to these therapies has not been as thorough. A new framework <a href="https://journals.sagepub.com/doi/10.1177/02698811241265756#con1">published</a> in the Journal of Psychopharmacology seeks to change that, introducing a comprehensive approach for identifying, monitoring, and reporting potential negative effects specific to psychedelic therapies.
<h3 class="wp-block-heading">The Need For Tailored Adverse Event Reporting</h3>
Psychedelic-assisted therapies are different from traditional treatments because they combine the effects of powerful psychedelic substances with psychotherapy. This combination can lead to <a href="https://www.benzinga.com/markets/cannabis/24/08/40528986/psychedelic-trips-resemble-near-death-experiences-new-study-shows-what-does-it-mean">unique experiences</a> such as intense visual effects, spiritual insights, and deep psychological changes that standard safety assessments often overlook. Current guidelines for reporting side effects in clinical trials, like those in the Medical Dictionary for Regulatory Activities, may not fully capture these unique effects. 
Author Roman Palitsky and his team have created a new framework to address this gap. It outlines 54 potential adverse events specific to psychedelic therapies, covering physical, mental, and spiritual impacts. &#8220;Psychedelic therapies require specialized guidelines because they blend strong pharmacological effects with psychotherapy,&#8221; said Palitsky. This new approach aims to provide a more detailed understanding of the risks, which can help researchers and clinicians better protect patients.
<h3 class="wp-block-heading">Challenges Of Identifying Adverse Events</h3>
A key issue in assessing side effects in psychedelic therapy is underreporting. Patients may avoid mentioning negative experiences, especially if they support the push to <a href="https://www.benzinga.com/topic/psychedelics-decriminalization">decriminalize psychedelics</a>. Therapists may also overlook or misinterpret adverse events due to their own expectations about the treatment&#8217;s benefits.
The framework suggests using self-reports, clinician observations and feedback from those close to the patient to better assess side effects. It distinguishes between normal discomfort, like facing tough emotions and genuine adverse events, such as lasting anxiety or depression. In some cases, these issues can lead to severe outcomes, as seen in some psilocybin trials.
<h3 class="wp-block-heading">New Areas of Focus for Safety Assessments</h3>
The framework introduces several new categories for tracking adverse events specific to psychedelic therapies: Psychospiritual Issues, which involve negative impacts on spiritual beliefs or existential well-being; Interpersonal Issues, such as changes in social behavior due to psychedelics' effects on brain systems; Behavioral Changes, like disrupted sleep or increased substance use and Cultural and Epistemic Harms, which address potential conflicts with a patient's cultural or religious beliefs. These categories highlight the unique risks of combining psychedelics and psychotherapy, offering a more detailed approach to patient safety.
<h3 class="wp-block-heading">Importance of Long-Term Monitoring</h3>
The framework emphasizes the need for extended follow-up, as many adverse effects may not become apparent until weeks or even months after the therapy session. This long-term monitoring is critical because the changes induced by psychedelics can have <a href="https://www.benzinga.com/markets/cannabis/22/03/25994197/study-finds-psilocybin-anti-depression-effects-last-at-least-one-year">lasting effects</a> on a person's worldview, relationships and overall well-being.
&#8220;Changes brought about by psychedelic experiences can take time to fully emerge, making long-term follow-up essential for accurate assessment,&#8221; the authors suggest. They recommend assessing adverse events for at least six months after treatment, allowing researchers to capture any delayed effects that might otherwise go unnoticed.
<h3 class="wp-block-heading">Moving Towards Safer Psychedelic Therapies</h3>
This new framework is a significant advancement in psychedelic research, offering a structured approach to track side effects more effectively. By identifying a wider range of risks, it helps clinicians make informed decisions and improve patient safety. Future studies will need to validate and refine the framework to ensure it captures all potential adverse events. 
In summary, Palitsky&#8217;s framework provides a comprehensive method to standardize safety reporting in psychedelic therapies, playing a key role in making these treatments safer and more reliable as they move toward mainstream use.
Cover image made with AI

Psychedelics

Health Care

New Study Charts Adverse Events In Psychedelic-Assisted Therapies

Leading cryptocurrencies pulled back Thursday as Federal Reserve Chair Jerome Powell's remarks <a href="https://www.benzinga.com/news/econ-s/24/11/41991849/powell-with-strong-us-economy-fed-has-no-need-to-be-in-a-hurry-to-lower-rates">poured cold water on rate cut optimism.</a>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-2.23%</td>
<td>$88,282.07</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-3.55%</td>
<td>$3,091.21</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-4.46%</td>
<td>$0.3726</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin rose past $91,000 early morning hours, only to slip below $88,000 after the market close, resulting in more than a 2% decline over the last 24 hours.
Ethereum sharply descended from $3,240 to $3,040 over the day. Over the week, the second-largest cryptocurrency gained 3.89%, significantly trailing its senior partner, which was up over 15%.
More than $505 million worth of positions were liquidated in the last 24 hours, with nearly $350 million in upside bets getting wiped out.
Bitcoin's Open Interest (OI) dropped 0.82% in the last 24 hours. A drop in OI, alongside a drop in spot price, also pointed toward long liquidations.
That said, the number of traders betting in favor of Bitcoin's price rally rose in comparison to those shorting the asset, according to the Long/Short Ratio.
The "Extreme Greed" sentiment weakened from 88 to 80 as a result of the retrace, according to the Cryptocurrency Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Act I: The AI Prophecy (ACT)</td>
<td>+32.46%</td>
<td>$0.8424</td>
</tr>
<tr>
<td>MANTRA (OM)</td>
<td>+20.63%</td>
<td>$1.68</td>
</tr>
<tr>
<td>XRP (XRP)</td>
<td>+13.42%</td>
<td>$0.786</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.92 trillion, declining 1.53% in the last 24 hours.
Stocks closed in the red on Thursday. The Dow Jones Industrial Average slipped 207.33 points, or 0.47%, to close at 43,750.86. The S&amp;P 500 lost 0.60% to end at 5,949.17. The tech-focused Nasdaq Composite dipped 0.64% to 19,107.65, marking its third straight losing day.
The sell-offs followed Fed Chair Powell&#8217;s statements that the central bank needn't "be in a hurry" to cut rates given the strength of the economy. 
The cautious remarks triggered a sharp decline in rate cut expectations during next month's FOMC meeting, from 82% to 59%,&nbsp; <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to data from the CME FedWatch tool&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst Rekt Capital described Bitcoin dips early on in the price discovery phase as "high-probability opportunities."
"As the parabolic phase goes on, however, the pullbacks will become increasingly riskier for dollar-cost-averaging Good thing we&#8217;re so early in the parabolic upside phase," the analyst remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> dips early on in Price Discovery are high-probability opportunities As the Parabolic Phase goes on however, the pullbacks will become increasingly riskier for dollar-cost-averaging Good thing we&#39;re so early in the Parabolic Upside phase<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1857094023690797475?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On-chain analytics firm CryptoQuant said that high stablecoin inflows were driving the Bitcoin bull market.
"There is a continuation of a higher-than-normal influx of stablecoins. This suggests that barring any additional news flow, the Bitcoin bull market has not yet ended," the firm said, indicating that more upsides could follow.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin Bull Market Fueled by Stablecoin Inflows: Will the Uptrend Continue? "There is a continuation of a higher-than-normal influx of stablecoins. This suggests that barring any additional news flow, the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> bull market has not yet ended." – By <a href="https://twitter.com/theKriptolik?ref_src=twsrc%5Etfw">@theKriptolik</a> Link &#x1f447;… <a href="https://t.co/SAEnv6oxUD">pic.twitter.com/SAEnv6oxUD</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1857194154310214060?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by CMP_NZ on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41959476/fbi-raids-polymarket-ceo-over-crypto-betting-platforms-us-activities-he-fires-back-in-the-face-of-adversity-we-build">FBI Raids Polymarket CEO Over Crypto Betting Platform&#8217;s US Activities — He Fires Back: &#8216;In The Face Of Adversity, We Build&#8217;</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Take A U-Turn As Jerome Powell's Statements Dampen Rate Cut Expectations: Analytics Firm Explains Why BTC Bull Market Has Not Yet Ended

Investment veteran Gary Black cautions that Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) will lose the most if the $7,500 federal electric vehicle tax credit is eliminated, citing the company&#8217;s overwhelming dependence on <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">EV sales compared to traditional automakers</a>.
What Happened: Black, managing partner at The Future Fund LLC, points to Tesla&#8217;s recent history of price-related challenges as evidence for his concern. &#8220;Tesla&#8217;s earnings power declined by 45% and shares fell by 70% in 15 months&#8221; following price cuts of 15-20% in late 2022 and 2023, he noted on social media platform X.
The potential loss of the tax credit could effectively increase Tesla&#8217;s U.S. vehicle prices by 20%, affecting approximately 30% of the company&#8217;s global sales volume. Black emphasizes that Tesla&#8217;s vulnerability stems from its business model, where electric vehicles represent about 80% of revenue.
&#8220;No one else has anywhere near that degree of exposure to EVs,&#8221; Black wrote, contrasting Tesla&#8217;s position with traditional automakers. He dismisses concerns about the impact on legacy manufacturers, noting that companies like General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) saw earnings growth during Tesla&#8217;s recent downturn.
Black&#8217;s analysis challenges some Tesla supporters who suggest the credit&#8217;s removal would primarily hurt traditional automakers. He argues that mathematical analysis doesn&#8217;t support this view, pointing out that EVs typically constitute only 5-10% of legacy automakers&#8217; business.
&#8220;Why would raising price on 5-10% of legacy auto's business bankrupt them? C'mon folks &#8211; please do the math,&#8221; Black wrote. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I love when <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> bulls try to spin negative industry news as good for TSLA but bad for everyone else. When TSLA cut prices by 15-20% in late-2022 and 2023 — which sparked a price war — I was one of the few who warned repeatedly that TSLA earnings would get decimated, while mgmt… <a href="https://t.co/c03qw3c53V">https://t.co/c03qw3c53V</a> <a href="https://t.co/cwXIrzmsTI">pic.twitter.com/cwXIrzmsTI</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1857186024977543546?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41993666/warren-buffetts-berkshire-hathaway-slashes-apple-bofa-holdings-adds-dominos-pizza-in-q3">Warren Buffett&#8217;s Berkshire Hathaway Slashes Apple, BofA Holdings, Adds Domino&#8217;s Pizza In Q3</a>
Why It Matters: The potential elimination of the $7,500 EV tax credit has been a topic of concern for Tesla and the EV industry as a whole. Despite the negative implications, some analysts believe that this move could be <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">beneficial for Tesla</a>.
Meanwhile, Tesla&#8217;s stock has been on the rise since the 2024 presidential election, with Elon Musk&#8216;s endorsement of President-elect Donald Trump being seen as a <a href="https://www.benzinga.com/trading-ideas/24/11/41985486/if-tesla-stock-hits-all-time-highs-in-2025-will-it-be-driven-by-trump-musk-relationship-benzinga-readers-say-this">significant factor in this growth</a>.
Furthermore, the recent announcement of Musk as the co-lead for the Department of Government Efficiency (DOGE) has been <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41968621/analysts-divided-about-impact-of-elon-musk-co-leading-doge-on-tesla-stock-heres-what-bulls-and-bears-have-to-say">met with mixed reactions</a> from analysts, with Black suggesting that this appointment may not have a significant impact on Tesla&#8217;s stock.
Price Action: Tesla stock closed at $311.18 on Thursday, down 5.77% for the day. In after-hours trading, Tesla slipped a further 1.15%. Despite recent drops, Tesla&#8217;s stock has gained 25.26% year to date, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
<a href="https://www.benzinga.com/trading-ideas/24/11/41997142/viking-fund-management-sells-big-oil-stocks-in-q3-cuts-tesla-position-in-half-adds-to-largest-position-broadcom">Viking Fund Management Sells Big Oil Stocks In Q3, Cuts Tesla Position In Half, Adds To Largest Position Broadcom</a>
Image via Tesla
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Earnings Will Be Hit Hardest If $7.5K EV Credit Gets Cut By Trump, Warns Gary Black: 'Do The Math'

Editor&#8217;s Note: This article has been updated to exclude references to CEO Kyle Kazan's past experience, as they were not directly relevant to the focus of the story.
Vertically integrated Glass House Brands Inc. (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GLASF#OTCQX">GLASF</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GHBWF#OTCQX">GHBWF</a>) reported its financial results Wednesday for the third quarter ended Sept. 30, 2024.
The cannabis company is focused on strategic growth initiatives, including expanding production capacity, improving cost efficiency and positioning itself to weather challenges in the California weed market. However, retail pricing pressures may continue to affect margins in the near term.
"While we expect lower prices to continue in the short-term, longer-term we expect Glass House will benefit, as our Company is built to weather market cycles and emerge even stronger," said Kyle Kazan, co-founder, chair, CEO and a <a href="https://www.benzinga.com/markets/cannabis/24/08/40444315/california-company-led-by-ex-police-officer-turned-cannabis-ceo-could-pivot-into-hemp-space">former Los Angeles police officer</a>.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Q3 2024 Financial Highlights</h3>
<ul>
<li>Net revenue totaled $63.8 million, up 32% year-over-year from $48.2 million and 18% sequentially from the previous quarter.</li>
<li>Retail revenue amounted to $11.2 million, a slight increase from the prior period ($10.9 million) and the third quarter of 2023 ($10.1 million).</li>
<li>CPG revenue amounted to $4.8 million, up 11% YoY and 20% sequentially.</li>
<li>Gross profit amounted to $33.4 million, compared to $26 million in the prior year's period and $28.7 million in the second quarter of this fiscal year.</li>
<li>Gross margin was 52%, down slightly from 54% year-over-year and 53% from the previous quarter.</li>
<li>Adjusted EBITDA came in positive at a record $20.4 million, up from $10.7 million in the third quarter of 2023 and $12.4 million in the prior period.</li>
<li>Operating cash flow was $13.2 million, representing a 45% increase year-over-year.</li>
<li>The company had $35.1 million in cash and restricted cash as of Sept. 30, 2024, up from $25.9 million in the second quarter of 2024.</li>
</ul>
<h3 class="wp-block-heading">Operational Developments</h3>
<ul>
<li>The company&#8217;s retail strategic pricing plan has driven increased foot traffic and higher consumer loyalty.</li>
<li>Glass House is working on the Greenhouse 2 retrofit to increase production capacity by 275,000 pounds annually by the fourth quarter of 2025, aiming for a cost target of $100 per pound.</li>
<li>The company has obtained a hemp license and is testing strains, with plans to decide on large-scale production by the second quarter of 2025.</li>
<li>Glass House successfully had the Catalyst lawsuit dismissed, while Hector De La Torre returned to serve on the board of directors.</li>
</ul>
<h3 class="wp-block-heading">2024 Outlook</h3>
<ul>
<li>The company expects $47 million to $49 million in fourth-quarter revenue, representing a 19% year-over-year increase.</li>
<li>In terms of biomass production, the company provided a guidance of 160,000 to 165,000 pounds, representing 57% year-over-year growth.</li>
<li>The company forecasted adjusted EBITDA of $3 million to $5 million for the fourth quarter of fiscal 2024.</li>
<li>Capex is projected at roughly $6 million, with $5 million allocated to Phase III expansion.</li>
<li>Under the At-The-Market (ATM) program, the company can raise up to $25 million for Phase III expansion.</li>
</ul>
<h3 class="wp-block-heading">GLASF Price Action</h3>
Glass House Brands' shares traded 0.61% lower at $8.1 per share after the market close on Wednesday afternoon.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40366081/size-matters-glass-houses-150-000-pound-harvest-drives-record-53-9m-revenue-in-q2-2024">Size Matters: Glass House&#8217;s 150,000-Pound Harvest Drives Record $53.9M Revenue In Q2 2024</a></li>
</ul>

GHBWF

GLASF

California Weed Co. Glass House Brands Reports 32% YoY Q3 Revenue Growth (UPDATED)

On Thursday, Ark Invest, led by Cathie Wood, made significant trades in Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Rocket Lab USA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), according to the firm&#8217;s daily trade data.
The Amazon Trade
Ark picked up 28,509 Amazon shares for ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) in a transaction valued at $6.03 million. As of Thursday, Amazon&#8217;s stock closed at $211.48, reflecting a decrease of 1.22%. 
Ark Invest&#8217;s move on Amazon comes in the wake of the e-commerce giant&#8217;s recent launch of a low-cost online storefront, &#8220;Haul&#8221;, designed to <a href="https://www.benzinga.com/news/global/24/11/41949051/whats-going-on-with-amazon-stock-wednesday-2">compete with Chinese e-commerce platforms</a>. According to a report, Amazon initiated discussions with China-based sellers earlier this year about offering a similar service. The exact details of Ark&#8217;s trade in Amazon were not disclosed in the data provided.
The Rocket Lab Trade
Ark Invest sold 627,775 shares in Rocket Lab, valued at almost $10.09 million. The trades were made through the ARKQ and ARKX ETFs. 
This sale followed a significant surge in Rocket Lab&#8217;s shares, which shot up over 28% to $18.83 on Wednesday. As of Thursday, Rocket Lab&#8217;s stock closed at $17.36, reflecting a decrease of 7.81%.
The earlier surge was triggered by the company&#8217;s announcement of better-than-expected <a href="https://www.benzinga.com/24/11/41932662/why-rocket-lab-shares-are-trading-higher-by-around-29-here-are-20-stocks-moving-premarket">third-quarter financial results</a>, a multi-launch agreement with a confidential commercial satellite constellation operator, and a federal defense contract worth up to $8 million.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41963342/elizabeth-warrens-sarcastic-take-on-doges-split-leadership-gets-slammed-by-elon-musk-unlike-you-neither-of-us-are-being-paid?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elizabeth Warren&#8217;s Sarcastic Take On DOGE&#8217;s Split Leadership Gets Slammed By Elon Musk: &#8216;Unlike You, Neither Of Us Are Being Paid&#8217;</a>
Other Key Trades: 
<ul>
<li>Ark continued to purchase shares of eVTOL companies like Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) and Joby Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) on Thursday. The firm picked up 409474 ACHR shares worth $1.76 million and 303674 JOBY shares worth $1.8 million.</li>
<li>The Wood-led firm purchased 2,706 shares of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), worth $375,701, through its ARKX fund.</li>
<li>Ark Invest bought shares of Schrodinger Inc (SDGR) and shares of Guardant Health Inc (GH) through its ARK Genomic Revolution ETF (ARKG).</li>
<li>The firm also sold shares of Moderna Inc (MRNA) and shares of Repare Therapeutics Inc (RPTX) through the same ETF.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/41890968/bitcoin-kisses-89500-ethereum-dogecoin-extend-trump-victory-rally-how-long-before-btc-hits-100000-analysts-reveal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Hovers Around $90K, Ethereum, Dogecoin Extend Trump Victory Rally: How Long Before BTC Hits $100,000? Analysts Reveal</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ACHR

AMZN

ARKF

ARKQ

ARKX

JOBY

RKLB

Cathie Wood Keeps Betting On Amazon's 'Haul' Play: Ark Loads Up $6M Worth Of Shares

Agrify Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>), a <a href="http://benzinga.com/cannabis">cannabis</a> and hemp solutions provider, reported its third quarter 2024 financial results Thursday, revealing a $1.9 million revenue, down from $3.1 million a year ago. The company posted a net loss of $18.6 million, largely driven by a $15 million change in the fair value of warrant liabilities.
<h4 class="wp-block-heading">Q3 2024 Financial Highlights</h4>
<ul>
<li>Revenue: $1.9 million, compared to $3.1 million in Q3 2023.</li>
<li>Net Loss: $18.6 million, primarily due to a $15 million change in the fair value of warrant liabilities, compared to a net loss of $2.1 million in Q3 2023.</li>
<li>Gross Profit: $0.2 million, compared to $1.0 million in Q3 2023.</li>
<li>Adjusted EBITDA: Not specified in the earnings report.</li>
</ul>
<h3 class="wp-block-heading">New Financing Strengthens Agrify&#8217;s Balance Sheet</h3>
Despite ongoing financial struggles, Agrify <a href="https://www.benzinga.com/markets/cannabis/24/11/41760263/marijuana-growing-solution-provider-agrify-gets-20m-boost-from-green-thumb-to-power-up-cannabis-">secured a $20 million convertible note financing</a> from Green Thumb Industries (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>), with an initial draw of $10 million, providing a crucial liquidity boost. This funding aims to strengthen the company&#8217;s balance sheet and support future growth opportunities.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
As of November 14, the company has approximately 1.5 million shares of common stock outstanding and 6.3 million warrants.
<h3 class="wp-block-heading">New CEO's Commentary</h3>
Ben Kovler, recently appointed as chairman and interim CEO emphasized a strategic shift for Agrify. &#8220;Today really is Day One at Agrify,&#8221; Kovler <a href="https://www.globenewswire.com/en/news-release/2024/11/14/2981578/0/en/Agrify-Corporation-Announces-Results-for-Third-Quarter-2024.htmlhttps://www.globenewswire.com/en/news-release/2024/11/14/2981578/0/en/Agrify-Corporation-Announces-Results-for-Third-Quarter-2024.html">stated</a>, pointing to the company's renewed focus on market trends. 
"The hemp and cannabis industries are evolving fast and Agrify's fortified balance sheet is ready to move on opportunities. We have a deep understanding of the consumer and plan to leverage that strength today to build Agrify's value for tomorrow," Kovler added.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/41925928/weedmaps-net-income-surges-312-yoy-cash-reserves-up-31">Weedmaps Net Income Surges 312% YOY, Cash Reserves Up 31%</a>
<h3 class="wp-block-heading">Agrify Expands Into Hemp THC Beverage Market</h3>
Agrify also announced a non-binding letter of intent to acquire Señorita, a brand specializing in <a href="http://benzinga.com/topic/hemp">hemp-derived</a> THC beverages, underscoring the company&#8217;s aim to diversify its product portfolio. This acquisition is expected to strengthen Agrify's position in the cannabis beverage market, <a href="https://www.benzinga.com/markets/cannabis/24/10/41356399/thc-beverages-could-revive-struggling-alcohol-industry-expert-says-partying-stress-and-anxiety-h">a segment gaining momentum</a> across the U.S.
AGFY Price Action AGFY's shares traded 30.49% higher at $13.61 per share at the market close Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/11/41994550/trumps-national-intelligence-pick-is-cannabis-advocate-tulsi-gabbard-critics-say-former-congresswoman-parrots-russia-propaganda">Trump&#8217;s National Intelligence Pick Is Cannabis Advocate Tulsi Gabbard: Critics Say Former Congresswoman Parrots Russia Propaganda</a></li>
</ul>

AGFY

GTBIF

Agrify's Q3 Revenue Drop, $18.6M Loss Amid New Leadership

Speaking at the Benzinga Cannabis Market Spotlight in Anaheim this week, Kyle Kazan, CEO of Glass House Brands (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLASF#OTC">GLASF</a>), delivered a candid assessment of California&#8217;s <a href="http://benzinga.com/topic/california-cannabis">cannabis industry</a> and shared his strategic outlook on federal cannabis policy. 
Kazan, <a href="https://www.benzinga.com/markets/cannabis/24/07/40024424/ex-police-officer-turned-cannabis-ceo-calls-for-federal-marijuana-de-scheduling-in-letter-to-har">a prominent voice in the industry</a>, emphasized the importance of collaboration among cannabis businesses and offered a hopeful yet pragmatic take on the potential shifts in cannabis regulation at both the state and federal levels.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Joe Rogan, Elon Musk, RFK Jr.: The Pro-Cannabis Voices Shaping Trump's Policies – Glass House CEO" width="500" height="281" src="https://www.youtube.com/embed/XsbUY-UnVOM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
<figcaption class="wp-element-caption">Kyle Kazan, CEO of Glass House Brands, at the Benzinga Cannabis Market Spotlight in Anaheim, California</figcaption></figure>
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/41981887/california-weed-co-led-by-former-la-cop-reports-32-yoy-q3-revenue-growth">California Weed Co. Led By Former LA Cop Reports 32% YoY Q3 Revenue Growth</a> 
<h3 class="wp-block-heading">California: The Toughest Market In Cannabis</h3>
"If you can make it in California, you can make it anywhere," Kazan said, underscoring the unique challenges posed by California's <a href="https://www.benzinga.com/markets/cannabis/24/10/41547103/new-rules-old-challenges-californias-cannabis-industry-grapples-with-regulations">regulatory environment</a> and market dynamics. He pointed to the difficulty of succeeding in the state's <a href="https://www.benzinga.com/news/events/24/11/41886925/california-cannabis-industry-titans-headline-benzingas-anaheim-event-tues-nov-12">fiercely competitive market</a> and highlighted the resilience required for businesses to thrive.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">A Call For Industry Unity Amid Policy Challenges</h3>
Despite the competitive nature of the industry, Kazan urged stakeholders to set aside differences and collaborate on advancing policy reforms. He highlighted missed opportunities in the past and warned of tougher market conditions if the sector does not unify.
"Let's find that Venn diagram where we can work together to move better policy forward in this state and also federally," Kazan said.
<h3 class="wp-block-heading">Navigating Election Aftermath: Optimism Amid Uncertainty</h3>
Addressing the implications of the recent election, Kazan struck a balanced tone, acknowledging the emotional landscape while emphasizing a strategic approach. He noted that Glass House Brands has maintained bipartisan engagement, making inroads with both Kamala Harris and Donald Trump's campaigns.&nbsp;
However, he expressed optimism about potential reform, referencing <a href="https://www.benzinga.com/markets/cannabis/24/01/36788077/trumps-support-bidens-los-angeles-weldon-angelos-weed-">Trump's pardons</a> of Weldon Angelos and Harry O as promising indicators of his stance on cannabis.
Kazan also pointed to President-elect Trump's support for states&#8217; rights and his <a href="https://www.benzinga.com/markets/cannabis/24/08/40666944/donald-trump-supports-cannabis-legalization-in-florida-game-changer-and-huge-blow-to-ron-desanti">endorsement of Florida's cannabis amendment</a> as positive signals. "We've been assured that's his stance on cannabis. He came out publicly for Amendment 3 in Florida. Why would he not do that for the other 49 states?"
<h3 class="wp-block-heading">Investor Concerns And Future Outlook For Cannabis</h3>
While Kazan acknowledged the uncertainty that investors face given the <a href="https://www.benzinga.com/markets/cannabis/24/09/40846480/cannabis-experts-say-weed-reform-is-a-race-against-time-is-the-dea-delaying-bidens-rescheduling-">unclear regulatory path ahead</a>, he remained upbeat about the long-term prospects. He cited the growing influence of pro-cannabis voices in Trump's inner circle, including figures like Elon Musk, Joe Rogan, <a href="https://www.benzinga.com/news/legal/24/11/41994550/trumps-national-intelligence-pick-is-cannabis-advocate-tulsi-gabbard-critics-say-former-congresswoman-parrots-russia-propaganda">Tulsi Gabbard </a>and <a href="https://www.benzinga.com/markets/cannabis/24/11/41828359/could-trumps-go-wild-on-health-invite-to-rfk-jr-drive-changes-for-cannabis-and-psychedelics">Robert F. Kennedy Jr.</a> as reasons for optimism. 
"Until the cabinet is named and things happen, there's concern, but I'm very positive," Kazan concluded, noting that the overall trajectory remains promising for the industry.
The Benzinga Cannabis Market Spotlight in Anaheim brought together industry leaders to discuss trends, investment strategies, and the future of cannabis in California's evolving landscape.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/11/41994550/trumps-national-intelligence-pick-is-cannabis-advocate-tulsi-gabbard-critics-say-former-congresswoman-parrots-russia-propaganda">Trump&#8217;s National Intelligence Pick Is Cannabis Advocate Tulsi Gabbard: Critics Say Former Congresswoman Parrots Russia Propaganda</a></li>
</ul>

Events

Interview

Glass House CEO Calls For Unity In California Cannabis Market, Optimistic About Federal Reform

The Joe Rogan Experience or JRE premiered exclusively on Spotify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) in Sept. 2020 as part of a <a href="https://www.benzinga.com/news/22/02/25708354/joe-rogans-deal-with-spotify-worth-at-least-double-of-what-was-previously-reported-nyt">multi-year deal</a> reportedly valued at $200 million. This deal wasn&#8217;t just big news for podcasting fans—it was a major moment for investors, too.
Rogan&#8217;s Impact On Spotify&#8217;s Growth
Spotify's exclusive deal with Rogan was a bet that paid off in multiple ways. Since the partnership, podcast consumption on the platform skyrocketed by 232%, according to the company.
Advertisers took notice, fueling a 2023 revenue increase of 80% since 2021. Rogan's show, consistently the world's most-streamed podcast, played a major role in turning Spotify into a podcasting giant.
Rogan&#8217;s podcast also held the top spot on <a href="https://www.benzinga.com/general/entertainment/23/11/36004998/joe-rogan-tops-spotifys-2023-podcasts-list-once-again-deal-likely-to-expire-in-2024-a-major">Spotify&#8217;s podcast chart</a> for the fourth year in a row in 2023.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/11/41959787/tradepulse-power-inflow-alert-spotify-technology-s-a-climbs-over-5-after-tradepulse-alert">Tradepulse Power Inflow Alert: Spotify Technology S.A. Climbs Over 5% After Tradepulse Alert</a>
How $1,000 Invested In Spotify Has Grown
If you had invested $1,000 in Spotify stock on Sept. 1, 2020 — the day Rogan's show debuted exclusively on the platform — that investment would now be worth approximately $1,696.
This represents a solid return of 69.7%, outpacing the broader market indexes. For context, the S&amp;P 500 rose 68.7%, and the Nasdaq Composite gained 60% over the same period.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="626" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191145/newplot-4-1.png" alt="" class="wp-image-649260" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191145/newplot-4-1.png 626w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191145/newplot-4-1-300x216.png 300w" sizes="(max-width: 626px) 100vw, 626px" /><figcaption class="wp-element-caption">Value of a $1,000 investment in Spotify stock, versus the S&amp;P 500 and Nasdaq, respectively, from Sept. 1, 2020, to Nov. 14, 2024.</figcaption></figure>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191325/newplot-8.jpeg" alt="" class="wp-image-649262" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191325/newplot-8.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14191325/newplot-8-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /><figcaption class="wp-element-caption">SPOT&#8217;s price trajectory since JRE debuted on the platform</figcaption></figure>
A New Chapter For JRE And Spotify
Earlier this year, Spotify renewed its partnership with Rogan, but the show will <a href="https://www.benzinga.com/markets/equities/24/02/36914209/spotify-inks-multiyear-deal-with-podcast-king-joe-rogan-amid-shifting-strategy">no longer be exclusive</a> to the platform, expanding to Apple, Amazon, and Google&#8217;s YouTube.
Earlier this month, Spotify released its <a href="https://www.benzinga.com/general/entertainment/24/11/41920955/spotify-stock-climbs-despite-q3-eps-revenue-misses">third-quarter financial results</a> reporting earnings of $1.46 per share, which fell short of the analyst consensus of $1.76.
Quarterly revenue came in at $3.99 billion, missing the expected $4.02 billion but reflecting an increase from $3.65 billion in the same quarter last year.
SPOT Price Action: Spotify shares ended Thursday&#8217;s session up 2.17%, closing at $477.50. In after-hours trading, however, the stock dipped slightly, settling at $476 as of the latest update, according to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/41941113/these-analysts-increase-their-forecasts-on-spotify-following-q3-earnings">These Analysts Increase Their Forecasts On Spotify Following Q3 Earnings</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Tech

SPOT

If You Dropped $1,000 On Spotify When Joe Rogan's Show Became An Exclusive, Here's How Much You'd Have Today

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

TKLF

Tilray Medical, a division of Tilray Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>), <a href="https://www.globenewswire.com/en/news-release/2024/11/14/2981031/0/en/Tilray-Medical-Launches-its-First-Commercial-Grown-in-Germany-Medical-Cannabis-Products-Under-its-Newly-Expanded-Cultivation-License.html">announced</a> the launch of its first commercial <a href="https://www.benzinga.com/topic/germany-cannabis">medical cannabis</a> products cultivated in <a href="https://www.benzinga.com/topic/germany-cannabis">Germany</a>. 
The debut comes from its Aphria RX facility, marking a milestone under the country's recently updated cultivation regulations, MedCanG. 
<h3 class="wp-block-heading">New Cultivation License Drives Local Production</h3>
Tilray was the first company to secure the new cannabis cultivation license under MedCanG in July 2024. 
This regulatory shift allows Aphria RX to grow and manufacture a variety of popular medical cannabis strains that were previously imported. 
The indoor-grown products are expected to offer consistent quality tailored to German patients&#8217; preferences:
"Our Made in Germany premium cannabis products represent a significant step forward in delivering high-quality medical cannabis to patients," said Denise Faltischek, Tilray's chief strategy officer. "This achievement strengthens our position as a leader in cultivation, production, and distribution, while demonstrating our commitment to the German medical cannabis community."
Read Also: <a href="https://www.benzinga.com/government/regulations/24/11/41885393/germanys-govt-coalition-crisis-is-cannabis-reform-at-risk">Germany&#8217;s Govt. Coalition Crisis, Is Cannabis Reform At Risk?</a>
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
<h3 class="wp-block-heading">Medical Cannabis Market Shows Strong Growth</h3>
Germany's medical cannabis market is rapidly expanding, driven by increased patient adoption that came after cannabis was re-listed as a<a href="https://www.benzinga.com/government/regulations/24/11/41885393/germanys-govt-coalition-crisis-is-cannabis-reform-at-risk"> non narcotic</a> substance. 
Companies like <a href="https://www.benzinga.com/markets/cannabis/24/09/40783859/european-cannabis-producer-cantourage-reports-62-revenue-increase-projects-positive-ebitda">Cantourage</a> Group Sell, <a href="https://www.benzinga.com/markets/cannabis/24/06/39277081/german-company-launches-largest-digital-platform-for-medical-cannabis-in-all-europe">Bloomwell</a> and <a href="https://www.benzinga.com/government/regulations/24/11/41884236/exclusive-persistence-pays-off-for-only-cannabis-distributor-in-bavarias-developing-market">Drapalin</a> have reported record revenue, with projections suggesting continued robust growth. 
The shift toward local cultivation by companies like Tilray reflects the broader industry trend of securing supply chains, since most cannabis in Germany is <a href="https://www.benzinga.com/markets/cannabis/24/08/40369868/medical-marijuana-imports-in-germany-increase-51-yoy-following-reform-cannabis-clubs-still-face-">imported</a>, mainly from Canada. 
Medical cannabis, however, continues to gain traction, with sales projected to reach <a href="https://www.benzinga.com/markets/cannabis/24/09/40783859/european-cannabis-producer-cantourage-reports-62-revenue-increase-projects-positive-ebitda">$1.09 billion</a> by 2028. Recent regulatory changes have streamlined access, treating medical cannabis similarly to over-the-counter medications like ibuprofen. 
While Germany has taken steps toward partial cannabis legalization, full-scale recreational sales <a href="https://www.benzinga.com/government/regulations/24/11/41885393/germanys-govt-coalition-crisis-is-cannabis-reform-at-risk">remain on hold</a>. 
<ul>
<li>Read Next: <a href="https://www.benzinga.com/government/regulations/24/11/41884236/exclusive-persistence-pays-off-for-only-cannabis-distributor-in-bavarias-developing-market">EXCLUSIVE: Persistence Pays Off For Only Cannabis Distributor In Bavaria&#8217;s Developing Market</a></li>
</ul>
Cover: AI generated image

Eurozone

TLRY

Tilray Joins German Cannabis Fiesta With First Locally Grown Strains

Third Point, a hedge fund, filed its <a href="https://www.sec.gov/Archives/edgar/data/1656456/000165645624000004/xslForm13F_X02/Form13FInfoTable.xml">Form 13F</a> on Thursday, revealing the fund's trades from the prior quarter. Here's a look at Third Point's most <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41397978/hedge-fund-billionaire-daniel-loeb-bets-on-trump-win-singles-out-this-recent-buy-as">significant recent trades. </a>
New Positions: Third Point opened a total of nine positions during the quarter. The most notable are below.&nbsp;
<ul>
<li>Third Point added a stake in Brookfield Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>) with 4.725 million shares valued at $251.1 million, according to data from Whalewisdom. </li>
<li>The fund opened a position in Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with 400,000 shares. </li>
<li>Third Point opened a position in CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) with 1,575,000 shares. </li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/41993328/trump-media-insiders-sell-more-than-16-million-in-djt-stock">Trump Media Insiders Sell More Than $16 Million In DJT Stock</a>
Closed Positions: The hedge fund closed out 11 positions with the most notable being American International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) and its entire stake in Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>). 
Notable Trades: Third Point added 1,085,000 shares to its stake in Intercontinental Exchange Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), bringing its current position to 2,085,000 shares valued at $334.9 million, according to Whalewisdom. The fund reduced its stake in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) by 1,400,000 shares with 3,700,000 shares still held. 
Third Point also sold 555,000 Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares, more than half its stake in the company, but still holds 545,000 Meta shares valued at approximately $311.9 million, according to Whalewisdom.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Photo: Shutterstock

Hedge Funds

Third Point Hedge Fund Buys Tesla, Dumps Micron

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Bell Potter Remains a Buy on Iperionx Limited (IPX)

Iperionx Ltd. ADR (IPX) has released an update. IperionX Limited has secured a 45-month sourcing contract with Ford Motor Company, starting in 2025...

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Bell Potter analyst Stuart Howe maintained a Buy rating on Iperionx Limited (IPX – Research Report) today and set a price target of A$3.95. The com...

Bell Potter Sticks to Their Buy Rating for Iperionx Limited (IPX)

Top quant-rated Commodity miners as gold hits record highs

IperionX: Price Doubles On Multiple Catalysts

Analysts have been eager to weigh in on the Materials sector with new ratings on Iperionx Ltd. ADR (IPX – Research Report) and Nutrien (NTR – Resea...

Analysts Have Conflicting Sentiments on These Materials Companies: Iperionx Ltd. ADR (IPX) and Nutrien (NTR)

Lucas Pipes, an analyst from B.Riley Financial, has initiated a new Buy rating on Iperionx Ltd. ADR (IPX). Lucas Pipes has given his Buy rating due...

Buy Rating Affirmed for Iperionx Ltd. ADR on Revolutionary Titanium Production and Strategic Market Positioning

Canaccord Genuity analyst Reg Spencer maintained a Buy rating on Iperionx Limited (IPX – Research Report) today and set a price target of A$4.65. T...

Canaccord Genuity Sticks to Its Buy Rating for Iperionx Limited (IPX)

Iperionx Ltd. ADR (IPX) has released an update. IperionX Ltd. has announced its upcoming Annual General Meeting scheduled for November 22, 2024, in...

IperionX Ltd. Announces Key AGM Resolutions

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IperionX Ltd. Schedules Crucial Shareholder Meeting

ARREF

AUIAF

CFRHF

CFRUY

GOTRF

IVPAF

LYSDY

SILV

SMTSF

TAOFF

TECK

TROX

USAU

VOXR

VZLA

Press Releases

IperionX 2023 Sustainability Report

IperionX Letter to Shareholders

IperionX Drives Towards Commercial Scale Titanium Metal Production

IperionX Partners With United Stars for U.S. Sourced Titanium Manufacturing

IperionX Titanium HAMR Furnace Installation Complete

IperionX and Vegas Fastener to Co-Produce Titanium Fasteners for U.S. Army

IperionX and Aperam Partnership to Advance a Circular Titanium Supply Chain

IperionX Achieves Major Milestone With First Successful Titanium Furnace Production Run

Century Aluminum

Compass Minerals Intl

Critical Metals

DRDGOLD Limited American Depositary Shares

DRDGold

Gatos Silver

Ferroglobe

Haynes International, Inc. - Common Stock

Haynes Intl

Ivanhoe Electric

Ioneer

IperionX

Kaiser Aluminum Corporation - Common Stock

Kaiser Aluminum

Lifezone Metals

Ramaco Resources, Inc. - Class A Common Stock

Ramaco Resources

Ramaco Resources, Inc. - Class B Common Stock

Mesabi Tr

Metals Acquisition Limited Ordinary Shares

Metals Acquisition

Metallus

McEwen Mining

Nexa Res

Radius Recycling, Inc. - Class A Common Stock

Radius Recycling

Ryerson Holding

SunCoke Energy

TMC the metals company Inc. - Common Stock

TMC Metals

Universal Stainless & Alloy Products, Inc. - Common Stock

Universal Stainless

Worthington Steel

Olympic Steel

B. Riley Securities

ThinkEquity

Alliance Global Partners

2024년 5월 1일의 주요 소식:
1. 이페리온X(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPX#NASDAQ">IPX</a>)와 베가스 패스너 매뉴팩처링(Vegas Fastener Manufacturing)은 미국 육군 지상 차량 시스템 센터를 포함한 주요 부문을 위한 <a href="https://www.benzinga.com/news/24/05/38549587/iperionx-and-vegas-fastener-to-co-produce-titanium-fasteners-for-u-s-army">티타늄 합금 패스너</a> 및 정밀 부품을 개발 및 제조하기 위해 파트너십을 맺었다.
이번 협력의 목표는 항공우주, 해군, 석유 및 가스, 기타 고성능 산업을 위한 탁월한 중량 대비 강도 비율과 내식성을 갖춘 제품을 만드는 것이다.
2. 유니버셜 스테인리스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAP#NASDAQ">USAP</a>)의 1분기 매출은 7,760만 달러로, 이는 이전에 기록한 최고치에 거의 근접해 있으며, 2023년 1분기 대비 18% 증가했다.
총 마진은 원자재 비용 130만 달러에도 불구하고 18.9%로 12년 최고치를 기록했으며 순이익은 59% 증가한 410만 달러를 기록했다.
영업 현금 흐름은 39% 증가한 1,030만 달러였으며 특히 항공우주 부문의 높은 주문으로 인해 잔고가 3억 2,500만 달러였다.
3. 센추리 알루미늄(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>)은 2024년 1분기 순매출이 4억 8,950만 달러, 순이익은 2억 4,680만 달러, 조정된 EBITDA는 2,500만 달러를 보고하였다.
알루미늄 가격이 톤당 2,190달러로 상승하였음에도 불구하고, 낮은 프리미엄으로 인해 2,280만 달러의 매출 감소를 겪었으며 현금 및 유동성은 3억 200만 달러로 총액이 계산됐다.
분기 조정 순손실은 300만 달러였으며 이는 인수로 인한 큰 이익을 포함해 예외적인 항목의 영향을 받았다.
특히, 센추리는 미국 에너지부의 신규 녹색 알루미늄 제련소에 대한 5억 달러 투자를 받았으며, 저탄소 빌렛 주조소를 개발하기 위한 합작투자를 발표했다.
4. 라이어슨 홀딩(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>)은 톤당 평균 가격 2,493달러로 497,000톤을 선적하여 12억 4천만 달러의 매출을 기록하며 1분기 매출을 보고했다.
이 회사는 자본 투자 및 시스템 업그레이드로 인한 어려운 상황과 비용으로 인해 760만 달러의 순 손실과 4,020만 달러의 조정 EBITDA를 기록했다.
부채는 4억 9,700만 달러로 증가했으며 순부채는 4억 5,500만 달러였지만 라이어슨은 새로운 서비스 센터에서 운영을 시작하고 주요 전사적 자원 계획 통합을 완료했으며 예상되는 연간 비용 절감액이 4,000만 달러라고 발표했다.
이 회사는 2024년에 자본 지출로 1억 1천만 달러를 지출하고 2025년에는 5천만 달러로 줄일 계획이다.
이제 읽어보세요: <a href="https://www.benzinga.com/news/large-cap/24/04/38500350/first-quantum-minerals-closes-ravensthorpe-nickel-mine-cuts-330-jobs" target="_blank" rel="noopener">퍼스트 퀀텀 미네랄즈, 레븐스쏘프 니켈 광산 폐쇄, 330명 감원</a>
Benzinga Mining은 채굴 회사와 소매 투자자 사이의 연결 다리입니다. Benzinga 커뮤니티에 연결하려면 <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a>으로 연락하세요!
사진: 셔터스톡

<h3 class="wp-block-heading">2024년 4월 26일의 주요 뉴스:</h3>
<ol>
<li>앵글로 아메리칸(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>)은 BHP 그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>)의 <a href="https://www.benzinga.com/news/large-cap/24/04/38459129/anglo-american-rejects-bhps-highly-unattractive-bid-sets-proposal-deadline-for-may-22">390억</a> 달러 규모의 전체 주식 인수 입찰을 &#8216;매우 매력이 없고&#8217; 저평가됐다며 거부했다.</li>
</ol>
이 제안에는 앵글로 아메리칸의 앵글로 아메리칸 프래티넘 및 쿰바(Kumba) 철광석 지분 분할과 같은 조건이 포함되었으며 앵글로 이사회는 이 입찰이 기회주의적이고 주주 가치를 희석시키며 위험하다고 언급했다.
BHP가 31%의 프리미엄을 주장했음에도 불구하고 앵글로는 이 제안이 자사가 보유하고 있는 상당량의 구리 가치를 과소평가했다고 강조했다.
참고 자료: <a href="https://www.benzinga.com/m-a/24/04/38469869/elliott-managements-1b-anglo-american-stake-ups-ante-as-mining-megamerger-collapses">엘리엇 매니지먼트, 10억 달러어치 앵글로 아메리칸 지분으로 광업 대형 합병 쇼크</a>
<ol start="2">
<li>가토스 실버(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATO#NYSE">GATO</a>)는 멕시코의 로스 가토스(Los Gatos) 지역 탐사에 대해 업데이트하여 세로 로스 가토스(Cerro Los Gato)s 광산에서 새로운 광물 채취를 강조하고 차드 유하스(Chad Yuhasz)를 부사장으로 임명했다.</li>
</ol>
최고경영자(CEO)인 데일 안드레스(Dale Andres)는 이러한 조사 결과가 2024년 3분기로 예정된 다음 자원 추정치를 향상시킬 것이라고 언급했다.
주요 인터셉터에는 중요한 은, 아연, 납, 금 및 구리 등급을 포함되었다.
이 회사는 또한 2024년 2분기에 시추 확대를 준비하고 있으며 그린필드 탐사에서 진전을 이루었으며 초기 결과에서는 더 깊은 광물화 가능성이 나타났다.
반드시 읽기: <a href="https://www.benzinga.com/news/24/04/38435800/standard-lithium-activates-cutting-edge-plant-paves-way-for-cleaner-mining">스탠다드 리튬, 첨단 공장을 활성화하고 깨끗한 광업의 길을 열다</a>
<ol start="3">
<li>이페리온X ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPX#NASDAQ">IPX</a>)는 버지니아에 있는 새로운 티타늄 제조 캠퍼스에 상업용 규모의 HAMR 티타늄 용광로를 성공적으로 설치했다.</li>
</ol>
이 용광로는 낮은 온도, 높은 효율성, 짧은 주기 및 더 좋은 제품 품질과 같은 이점을 제공한다.
캠퍼스 건설이 예정대로 진행됨에 따라 용광로 시운전은 2024년 2분기로 예정되어 있으며, 티타늄 분말 생산은 2024년 중반에 시작될 예정이다.
이페리온X는 스크랩과 현지 조달 광물을 사용하여 미국 티타늄 공급망을 개발하여 고성능 티타늄 제품을 보다 효율적으로 생산하고 환경에 미치는 영향을 줄이는 것을 목표로 한다.
<ol start="4">
<li>하이크로프트 마이닝 홀딩(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYMC#NASDAQ">HYMC</a>)은 2024년 5월 1일부터 Solactive Global Silver Miners Total Returns Index에 추가될 예정이다.</li>
</ol>
이 실버 지수에 적격한 회사는 은 채굴 또는 밀접하게 관련된 활동을 통해 상당한 현재 또는 미래 매출을 창출해야 하며, 은 채굴 분야에서 상당한 규모의 사업을 운영해야 합니다.
이번 포함은 하리크로프트의 은 채굴 분야에서의 중요한 운영과 최근 하이크로프트 광산에서 고품위 은을 발견하여 투자자들에게 더 큰 유동성과 거래 유연성을 제공한다는 점을 인정한 것이다.
이제 다음을 읽으십시오: <a href="https://www.benzinga.com/news/24/04/38434933/nigeria-cracks-down-on-dormant-mining-titles-to-stop-license-racketeering">라이센스 불법 확산 막으려는 나이지리아의 의도</a>
Benzinga Mining은 광산 회사와 소매 투자자 사이의 다리 역할을 합니다. <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> 으로 연락해 Benzinga 커뮤니티와 연결하세요!
사진: 셔터스톡

by <a href="mailto:austin@walkonholdings.com">austin@walkonholdings.com</a>
2024년 4월 15일 주요 뉴스:
1. 피드몬트 리튬 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>)는 가스통(Gaston) 카운티의 캐롤라이나 리튬<a href="https://www.benzinga.com/wiim/24/04/38245557/piedmont-lithium-shares-are-trading-higher-after-the-company-announced-that-it-received-mining-permi">(Carolina Lithium) 프로젝트</a>에 대한 채광 허가에 대해 노스캐롤라이나 환경부로부터 승인을 받니다.
2021년 8월부터 철저한 검토를 거쳐 발급된 이번 허가로, 이 사이트의 건설, 운영 및 복구가 가능해졌다.
이 프로젝트는 미국의 전기차 공급망에 매우 중요한 저비용, 지속가능한 리튬 사업의 잠재력을 강조했다. 이는 가스통 카운티의 경제에 상당한 힘을 실어줄 것으로 기대되며 수백 개의 일자리 창출이 예상된다고 피드몬트 리튬의 최고경영자(CEO)인 키스 필립스(Keith Phillips)가 강조했다.
2. 오하이오와 펜실베이니아 주의 민주당 상원 의원 두 명은 의 국가 안보와 고용 문제를 이유로 일본제철(Nippon Steel)의 미국의 철강기업 U.S. 스틸 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) 인수를 막으라고 조 바이든 미국 대통령에게 요청했다.
바이든은 이 회사가 미국 소유로 유지되어야 한다고 강조하면서 이 거래에 공개적으로 반대했으며, 이 거래를 비밀스러운 국가 안보 검토를 통해 처리하고 있다.
이번 거래는 법무부의 독점 금지 조사 연장에 직면해 완료가 지연될 가능성도 있다.
3. 아이오니어 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONR#NASDAQ">IONR</a>)는 토지 관리국이 곧 발표할 환경 영향 보고서 초안과 함께 라이오라이트 릿지(Rhyolite Ridge) 리튬-붕소 현장 건설을 진행하고 있으며, 이는 프로젝트 환경 검토에서 중요한 이정표가 된다.
이 문서는 미국 리튬 생산을 발전시키는 데 중추적인 역할을 하며 멸종 위기에 처한 티엠 메밀(Tiehm's buckwheat)을 보호하기 위한 조치를 포함하고 있다.
이 문서는 미국 리튬 생산을 선진시키는 데 중요한 역할을 하며, 멸종위기종인 Tiehm의 버크위트를 보호하기 위한 수단 또한 포함돼있다.
이번 문서 초안에 대한 대중 의견이 4월 19일부터 받아들여지며, 2024년 10월까지는 최종 검토 및 결정이 예정되어있다.
이 프로젝트가 승인되면 최종 투자 결정 이후에 건설이 시작되고, 2027년 생산이 예정된다.
4. 이페리온엑스(IperionX) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPX#NASDAQ">IPX</a>)는 유나이티드 스타즈 홀딩스(United Stars Holdings)와 10년 동안 연간 최대 80톤의 티타늄 제품을 공급하기로 기본 계약을 체결했다.
이들 제품은 차량 구동계, 로봇 모터 및 풍력 터빈에 사용되는 국방 및 첨단 기술 분야에 사용될 예정이다.
이페리온엑스는 비용 효율적인 고성능 티타늄 합금을 생산하기 위해 미국산 티타늄 광물, 첨단 정제 기술 및 광범위한 재활용 능력을 통합하여 포괄적인 미국 티타늄 공급망을 개발하고 있다.
이제 읽기: <a href="https://www.benzinga.com/news/24/04/38248505/us-uk-clamp-down-on-russian-metals-trade-due-to-its-brutal-ward-against-ukraine">미국과 영국, 우크라이나에 대한 러시아의 잔인한 전쟁으로 인해 러시아 금속무역을 탄압</a>
Benzinga Mining은 광업 기업과 소매 투자자 간의 다리 역할을 합니다. Benzinga 커뮤니티와 연결하려면 <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a>으로 문의하십시오.
사진: 셔터스톡

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