Gain detailed insights into the trading activity of Congress members for Cushman & Wakefield on our government trades page. Stay updated on how elected officials are investing in CWK.

Cushman & Wakefield - Government Trades

Cushman & Wakefield

Cushman & Wakefield is one of the largest commercial real estate services firms in the world, with global headquarters in Chicago. The firm provides various real estate-related services to owners, occupiers, and investors. These include brokerage services for leasing and capital markets sales as well as advisory services such valuation, project management, and facilities management.

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REIT

Markets

Analyst Ratings

Trading Ideas

Real Estate

REXR

TRNO

Terreno Realty (NYSE: TRNO) is witnessing healthy demand for its properties. Recently, the company executed a lease for 5.5 acres of improved land in Newark, NJ. This lease with an automobile exporter commenced on May 16, 2024 and is slated for expiry in January 2028.


Terreno Leases Newark Property, Sees Decent Demand

Penny Stocks

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Intraday Update

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U.S. stocks were mostly higher, with the Dow Jones index gaining more than 150 points on Wednesday.

Reliance Steel &amp; Aluminum Posts Upbeat Earnings, Joins JFrog, AppLovin, Shake Shack And Other Big Stocks Moving Higher On Thursday

Pre-Market Outlook

OKTA

PSTG

U.S. stock futures traded higher this morning, with the Dow Jones futures gaining more than 150 points on Thursday.

Pure Storage Issues Weak Forecast, Joins Frontline, Weibo And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session

Long Ideas

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Top 5 Real Estate Stocks That Are Preparing To Pump In May

Price Target

CLNN

CTLT

INCY

KMPR


	Credit Suisse boosted the price target for  The Boeing Company  (NYSE: BA) from $200 to $220. Credit Suisse analyst Scott Deuschle maintained a Neutral rating on the stock. Boeing shares fell 0.4% to $210.60 in pre-market trading.


Valero Energy To Rally 32%? Here Are 10 Other Analyst Forecasts For Monday

Short Ideas

NTST

RDFN

As of the close of business on Tuesday, 12/27, we captured the Top 10 Highest Short Interest % stocks within the Real Estate sector.

The average short interest for stocks within the Real Estate sector stands at 2.92%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

Short Interest Sector Focus: Real Estate Sector

AGTI

CATO

Agiliti Inc (NYSE: AGTI) shares are trading higher by 14.01% to $19.69 Monday afternoon after it was announced on Friday the company will join the S&amp;P SmallCap 600.

What Else?

Why Agiliti Shares Are Seeing Blue Skies Today

Management

Cushman &amp; Wakefield Appoints Payman Sadegh As Chief Data Officer

Insider Trades

US stock futures traded lower this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

Best Buy And 3 Other Stocks Insiders Are Selling

CBRE

NMRK

Photo by Leohoho on Unsplash

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

In real estate, things change quickly.

This Company Says Its Goal Is To Help Entry-Level Investors Get Into Commercial Real Estate With A Simple Platform

Cushman & Wakefield PLC

Germany has taken a huge step in cannabis regulation, legalizing <a href="https://www.benzinga.com/markets/cannabis/24/04/38116357/exclusive-german-cannabis-legalization-key-figures-say-celebrate-now-but-the-struggle-continues">cannabis clubs</a> as of July 1, 2024. Each club can have up to 500 members who can grow, share and enjoy cannabis together. Each member can receive up to 25 grams per day and 50 grams per month. But, as with many new policies, challenges abound, as Club enthusiast are still wading through red tape.
<h3 class="wp-block-heading">Legalizing German Cannabis Clubs</h3>
On April 1, 2024, <a href="https://www.benzinga.com/topic/germany-cannabis">Germany</a> began to allow the legal use of small amounts of cannabis. Adults over 18 can carry 25 grams, grow three plants and store up to 50 grams of dried cannabis at home. Despite these strides, the new cannabis clubs face a maze of regulations.
&#8220;The federal states are extremely ill-prepared for this,&#8221; Steffen Geyer <a href="https://www.dw.com/en/german-cannabis-clubs-face-jungle-of-bureaucracy/a-69546765">told</a> DW. Geyer is head of the German Cannabis Social Clubs&#8217; umbrella organization. He expects several hundred clubs to apply for licenses, but the bureaucratic process remains uncertain and undetermined. &#8220;There will certainly be a mid three-digit number of clubs applying for a license. How long this will take and how many of them will be successful is still impossible to predict.&#8221;
<h3 class="wp-block-heading">Opposition And Safety Concerns</h3>
The German Police Union says it is concerned about potential misuse of the cannabis clubs. &#8220;We fear that criminals from the organized crime sector will use the possibility of growing clubs to expand criminal structures,&#8221; said Alexander Poitz, deputy head of the police union.
When it comes to the political landscape, the <a href="https://www.benzinga.com/markets/cannabis/24/06/39278732/far-right-victory-in-germany-cannabis-policy-tiktok-voters-and-impact-of-afds-rise-to-power">Christian Social Union (CSU) </a>which opposed legalization, has already made a public commitment to role back the regulation should they became the predominant party in government. CSU governs Bavaria, where they are meant to mount the structure that facilitates and controls Cannabis Clubs. They have said they plan to rigorously inspect every cultivation associations, to make it as hard as possible for applicants to get and preserve their licenses.
&#8220;In our view, the legalization of cannabis is a major mistake in terms of safety and health policy,&#8221; said Bavarian Interior Minister Joachim Herrmann.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39582406/what-are-germans-rolling-in-their-joints-this-denver-cannabis-company-found-out-at-berlins-mary-">What Are Germans Rolling In Their Joints? This Denver Cannabis Company Found Out At Berlin&#8217;s Mary Jane Trade Fair</a>
<h3 class="wp-block-heading">Ensuring Effective Cannabis Regulations</h3>
Geyer argues that clear and transparent regulations can prevent criminal groups from infiltrating the clubs among other specters raised by anti cannabis activists. &#8220;We have followed the examples of Canada, the US, Uruguay, Liechtenstein, Malta, the Netherlands, and Spain. We have a lot of regulations designed to prevent a mix of black and white market,&#8221; he said.
No surprise, cannabis regulation is highly sensitive to political change. With the <a href="https://www.benzinga.com/markets/cannabis/24/06/39278732/far-right-victory-in-germany-cannabis-policy-tiktok-voters-and-impact-of-afds-rise-to-power">far right </a>aiming to win the 2025 elections, it is crucial to implement efficient, clear and realistic regulations. This will help the <a href="https://www.benzinga.com/markets/cannabis/24/03/37423469/experts-agree-on-domino-effect-of-german-cannabis-legalization-alert-companies-about-rigorous-qu">industry</a>, consolidate the rights of users, prove wrong many the beliefs of anti cannabis advocates thus making it to reverse progress in the future.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/06/39255091/barcelonas-high-society-inside-the-hidden-world-of-spains-cannabis-clubs">Barcelona&#8217;s High Society: Inside The Hidden World Of Spain&#8217;s Cannabis Clubs</a></li>
</ul>
Cannabis is spreading throughout the globe. If you want to dive into industry changes and opportunities at the international level, then you might be interested in joining us the 19th Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices go up by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.<a href="https://benzinga.com/apis" target="_blank" rel="noreferrer noopener"></a><a href="https://benzinga.com/apis" target="_blank" rel="noreferrer noopener"></a>

Cannabis

Cannabis Clubs In Germany Still Waiting For Red Tape To Be Set In Place

A lawsuit filed in Minnesota in May in Ramsey County District Court challenged the state's restriction on unlicensed cannabis sales by home growers, citing a 120-year-old constitutional provision.
The legal action targets the state Office of Cannabis Management (OCM)'s interim director Charlene Briner and state Attorney General Keith Ellison.
Now, AG Ellison is asking a judge to dismiss the motion brought by four cannabis growers, targeting the state Office of Cannabis Management (OCM) and arguing that home cultivators should be allowed to sell their excess cannabis without a state license.
Why?
"Plaintiffs fail to state a claim because cannabis is not a ‘product of the farm or garden,' the Minnesota Constitution does not create a right to purchase farm products, and state law does not authorize criminal penalties for unlicensed sales," the <a href="https://www.minnpost.com/wp-content/uploads/2023/12/MCRO_62-CV-24-2952_Complaint-Civil_2024-05-07_20240509090830.pdf">dismissal request stipulates.</a>
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/05/39065009/cannabis-cultivation-could-begin-this-year-as-minnesota-governor-signs-numerous-changes-to-curre">Cannabis Cultivation Could Begin This Year As Minnesota Governor Signs Numerous Changes To Current Law</a>
A hearing on the motion to dismiss is scheduled for July 22. As <a href="https://www.minnpost.com/state-government/2024/07/state-attorney-general-asks-judge-to-dismiss-lawsuit-brought-by-cannabis-home-growers/">highlighted</a> by MinnPost's Peter Callaghan, the case could easily reach the state Supreme Court.
Section 7, Article XIII of the Minnesota Constitution dates back to 1906. The provision sought to protect farmers' rights to sell their produce without a permit. The plaintiffs proposed that the provision could be referring to cannabis as well.
Governor Tim Walz (D), who backed the marijuana policy reform – strongly opposes this view. He earlier said that this wasn&#8217;t something he and lawmakers had in mind&nbsp;when enacting&nbsp;marijuana policy reform.
&#8220;Look, I think on the cannabis piece of this, just like every other piece of legislation, certainly around things like alcohol, these are ever-evolving,&#8221; he <a href="https://www.benzinga.com/markets/cannabis/23/08/34029966/governor-walz-opposes-people-selling-their-home-grown-weed-interstate-cannabis-commerce-and-sale">said</a>. &#8220;And I&#8217;ve said that I think there&#8217;s a strong need—we&#8217;ll come back. We&#8217;ll revisit these things year after year, probably for decades to come. But that was never our intention to do that.&#8221;
As <a href="https://www.benzinga.com/markets/cannabis/23/08/33492546/cannabis-sales-launch-on-tribal-land-in-minnesota-as-rest-of-state-works-out-red-tape-for-legal-" target="_blank" rel="noreferrer noopener">of August 1, 2023</a>, it is <a href="https://www.benzinga.com/markets/cannabis/23/08/33492546/cannabis-sales-launch-on-tribal-land-in-minnesota-as-rest-of-state-works-out-red-tape-for-legal-" target="_blank" rel="noreferrer noopener">legal to grow and possess cannabis in Minnesota</a>. 
Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices surge by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/05/39065009/cannabis-cultivation-could-begin-this-year-as-minnesota-governor-signs-numerous-changes-to-curre">Cannabis Retail In Minnesota: House Passes Bill To Accelerate Marketplace, Aiming For Early Rollout</a></li>
</ul>

Government

Regulations

Politics

Legal

Minnesota AG Ellison Asks Judge To Dismiss Lawsuit By Cannabis Home Growers Who Want To Sell Their Excess Marijuana Without A License

Welltower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) has outperformed the market over the past 20 years by 1.58% on an annualized basis producing an average annual return of 9.89%. Currently, Welltower has a market capitalization of $62.99 billion. 
Buying $100 In WELL: If an investor had bought $100 of WELL stock 20 years ago, it would be worth $650.71 today based on a price of $105.35 for WELL at the time of writing.
<h3>Welltower's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720042242_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

WELL

Here's How Much You Would Have Made Owning Welltower Stock In The Last 20 Years

Gartner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) has outperformed the market over the past 15 years by 12.7% on an annualized basis producing an average annual return of 25.7%. Currently, Gartner has a market capitalization of $34.76 billion. 
Buying $100 In IT: If an investor had bought $100 of IT stock 15 years ago, it would be worth $3,056.31 today based on a price of $447.75 for IT at the time of writing.
<h3>Gartner's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720042237_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Gartner 15 Years Ago Would Be Worth This Much Today

First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) has outperformed the market over the past 10 years by 10.88% on an annualized basis producing an average annual return of 21.77%. Currently, First Citizens BancShares has a market capitalization of $24.93 billion. 
Buying $1000 In FCNCA: If an investor had bought $1000 of FCNCA stock 10 years ago, it would be worth $7,150.12 today based on a price of $1716.10 for FCNCA at the time of writing.
<h3>First Citizens BancShares's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720040416_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FCNCA

$1000 Invested In This Stock 10 Years Ago Would Be Worth $7,200 Today

Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) has outperformed the market over the past 5 years by 4.47% on an annualized basis producing an average annual return of 17.63%. Currently, Goldman Sachs Gr has a market capitalization of $150.89 billion. 
Buying $1000 In GS: If an investor had bought $1000 of GS stock 5 years ago, it would be worth $2,274.22 today based on a price of $467.92 for GS at the time of writing.
<h3>Goldman Sachs Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720040411_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,300 Today

PHIO

Trading Halt: Halted at 4:50:00 p.m. ET - Trading Halt: Halt News Pending

Baijiayun Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTC#NYSE">RTC</a>) short percent of float has fallen 75.81% since its last report. The company recently reported that it has 15 thousand shares sold short, which is 0.3% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Baijiayun Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720039521_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Baijiayun Group has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Baijiayun Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Baijiayun Group's peer group average for short interest as a percentage of float is 3.46%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

(RTC) - Analyzing Baijiayun Group's Short Interest

Bank of New York Mellon's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) short percent of float has fallen 12.0% since its last report. The company recently reported that it has 8.21 million shares sold short, which is 1.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Bank of New York Mellon Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720039516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bank of New York Mellon has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Bank of New York Mellon's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Bank of New York Mellon's peer group average for short interest as a percentage of float is 2.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Bank of New York Mellon's Recent Short Interest

TopBuild's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLD#NYSE">BLD</a>) short percent of float has risen 7.18% since its last report. The company recently reported that it has 662 thousand shares sold short, which is 2.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.28 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>TopBuild Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720039510_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for TopBuild has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing TopBuild's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, TopBuild's peer group average for short interest as a percentage of float is 5.51%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into TopBuild's Recent Short Interest

Chaos could be coming in the 2024 presidential election, with increased calls for President Joe Biden to step aside and make way for<a href="http://US Allies Urge Biden To Step Down After Disastrous Debate Performance: 'Important To Manage One's Ride Into The Sunset'"> a new candidate.</a>
While picking a replacement could be a tough decision and be based on who has the best shot of defeating Donald Trump, the item of fundraising may also come into play.
What Happened: Vice President Kamala Harris is among <a href="http://Kamala Harris Defends Biden's 'Slow Start' At Debate With 'Strong Finish': Clinton, Newsom, Obama Race To Support President">the leading candidates </a>who would be selected to replace Biden if he were to step down from the 2024 presidential race.
Harris could be one of the easiest replacements since she has name familiarity, has been serving under Biden for years and has polled well in head-to-head matchups against Trump.
Another reason to replace Biden with Harris would be to make the moving of campaign donations easier.
Harris would inherit $240 million in fundraising money if Biden drops out, according to a <a href="https://nypost.com/2024/07/02/us-news/kamala-harris-to-inherit-240m-dem-funds-if-biden-drops-out/">report </a>from the New York Post. Much of the money raised is non-transferable and belongs to the Biden-Harris campaign according to the report.
"Biden has two real choices: Kamala inherits; or they transfer it all to the DNC," Signum Global partner Rob Casey told The Post. "That money would all be accessed by Kamala … anyone else would be on their own for fundraising."
This means that other potential replacement names who have been mentioned like California Gov. Gavin Newsom, Michigan Gov. Gretchen Whitmer and former First Lady Michelle Obama would have another obstacle to overcome in the presidential race.
Harris and Biden are both named in federal paperwork for the campaign that has received a growing amount of donations as the election enters the home stretch.
The money could also be reimbursed to donors.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39625294/2024-election-betting-odds-react-to-biden-debate-disaster-trump-odds-hit-all-time-high-kam">2024 Election Betting Odds React To Biden Debate Disaster: Trump Odds Hit All-Time High, Kamala Harris Soars</a>
Why It's Important: With around four months before the 2024 presidential election, the move to replace Biden would be unprecedented and come with huge obstacles.
Trump has been the odds-on favorite for sportsbooks and prediction markets for months while his placement in election polls has also shown gains on Biden since the first presidential debate.
Choosing someone other than Harris to replace Biden could come with the hurdle of trying to raise money to defeat Trump in the election. The new candidate would be able to draw money from political action committees and likely some from the Democratic National Committee. Questions over how much money would be available and how easy it would be to access it are likely troublesome in the event a new replacement is picked.
Biden's campaign raised $127 million in June, which marked the best month for the president's 2024 re-election effort.
The president's campaign is spending around $50 million monthly on presidential ads ahead of the election.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/23/10/35505524/kamala-harris-says-democracy-on-the-line-for-2024-election-confident-in-biden-for-presidency-we-will">Kamala Harris Says &#8216;Democracy On The Line&#8217; For 2024 Election, Confident In Biden For Presidency: &#8216;We Will Win&#8217;</a></li>
</ul>

Photo: <a href="https://www.shutterstock.com/g/joaquincorbalan">Joaquin Corbalan P</a> via Shutterstock

Who Gets The Fundraising Money If Joe Biden Drops Out Of 2024 Election?

Wheaton Precious Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>) has outperformed the market over the past 5 years by 4.91% on an annualized basis producing an average annual return of 18.07%. Currently, Wheaton Precious Metals has a market capitalization of $24.78 billion. 
Buying $1000 In WPM: If an investor had bought $1000 of WPM stock 5 years ago, it would be worth $2,330.91 today based on a price of $54.66 for WPM at the time of writing.
<h3>Wheaton Precious Metals's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720038620_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Wheaton Precious Metals Stock In The Last 5 Years

ZIM Integrated Shipping's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) short percent of float has fallen 11.26% since its last report. The company recently reported that it has 10.47 million shares sold short, which is 11.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.25 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ZIM Integrated Shipping Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720038620_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ZIM Integrated Shipping has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing ZIM Integrated Shipping's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ZIM Integrated Shipping's peer group average for short interest as a percentage of float is 2.64%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into ZIM Integrated Shipping's Recent Short Interest

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 5 years by 4.12% on an annualized basis producing an average annual return of 17.28%. Currently, Republic Servs has a market capitalization of $60.95 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 5 years ago, it would be worth $2,224.60 today based on a price of $193.54 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720038614_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Republic Servs Stock In The Last 5 Years

Krystal Biotech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRYS#NYSE">KRYS</a>) short percent of float has risen 7.87% since its last report. The company recently reported that it has 2.90 million shares sold short, which is 13.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Krystal Biotech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720038615_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Krystal Biotech has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Krystal Biotech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Krystal Biotech's peer group average for short interest as a percentage of float is 14.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

KRYS

How Is The Market Feeling About Krystal Biotech?

Fifth Third Bancorp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NYSE">FITB</a>) short percent of float has risen 33.53% since its last report. The company recently reported that it has 26.51 million shares sold short, which is 4.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.99 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Fifth Third Bancorp Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720038610_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fifth Third Bancorp has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Fifth Third Bancorp's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Fifth Third Bancorp's peer group average for short interest as a percentage of float is 1.39%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

FITB

How Is The Market Feeling About Fifth Third Bancorp?

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/KAYS">Kaya Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KAYS#OTC">KAYS</a>) shares closed up 154.44% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/HERTF">Heritage Cannabis Holding</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HERTF#OTC">HERTF</a>) shares closed up 66.67% at $0.001</li>
<li><a href="https://www.benzinga.com/quote/FUAPF">Global Compliance</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUAPF#OTC">FUAPF</a>) shares closed up 31.39% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/GBHPF">Global Hemp Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBHPF#OTC">GBHPF</a>) shares closed up 29.87% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/ZLDAF">Zelira Therapeutics</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ZLDAF#OTC">ZLDAF</a>) shares closed up 21.73% at $0.23</li>
<li><a href="https://www.benzinga.com/quote/FFNTF">4Front Ventures</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>) shares closed up 14.45% at $0.08</li>
<li><a href="https://www.benzinga.com/quote/CNTMF">Cansortium</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTC">CNTMF</a>) shares closed up 13.27% at $0.12</li>
<li><a href="https://www.benzinga.com/quote/MRMD">MariMed</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>) shares closed up 9.94% at $0.19</li>
<li><a href="https://www.benzinga.com/quote/ZDPY">Zoned Props</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ZDPY#OTC">ZDPY</a>) shares closed up 9.91% at $0.66</li>
<li><a href="https://www.benzinga.com/quote/ACB">Aurora Cannabis</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>) shares closed up 8.42% at $4.90</li>
<li><a href="https://www.benzinga.com/quote/OGI">OrganiGram Holdings</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) shares closed up 6.04% at $1.59</li>
<li><a href="https://www.benzinga.com/quote/GNLN">Greenlane Hldgs</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares closed up 5.99% at $0.27</li>
<li><a href="https://www.benzinga.com/quote/CWBHF">Charlottes Web Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CWBHF#OTC">CWBHF</a>) shares closed up 5.89% at $0.16</li>
<li><a href="https://www.benzinga.com/quote/LBUY">Leafbuyer Techs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LBUY#OTC">LBUY</a>) shares closed up 5.26% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/SOL">Emeren Group</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) shares closed up 5.19% at $1.62</li>
<li><a href="https://www.benzinga.com/quote/TLRY">Tilray Brands</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) shares closed up 4.85% at $1.73</li>
<li><a href="https://www.benzinga.com/quote/CGC">Canopy Gwth</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shares closed up 4.63% at $6.49</li>
<li><a href="https://www.benzinga.com/quote/CRLBF">Cresco Labs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>) shares closed up 4.52% at $1.62</li>
<li><a href="https://www.benzinga.com/quote/GTBIF">Green Thumb Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>) shares closed up 4.41% at $11.59</li>
<li><a href="https://www.benzinga.com/quote/RMHB">Rocky Mountain High</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMHB#OTC">RMHB</a>) shares closed up 4.17% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CURLF">Curaleaf Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) shares closed up 3.97% at $3.93</li>
<li><a href="https://www.benzinga.com/quote/SNDL">SNDL</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) shares closed up 3.72% at $1.96</li>
<li><a href="https://www.benzinga.com/quote/MGWFF">Maple Leaf Green World</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MGWFF#OTC">MGWFF</a>) shares closed up 3.72% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/CBWTF">Auxly Cannabis Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBWTF#OTC">CBWTF</a>) shares closed up 3.51% at $0.02</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/GRNH">GreenGro Technologies</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRNH#OTC">GRNH</a>) shares closed down 90.00% at $1e-06</li>
<li><a href="https://www.benzinga.com/quote/MJNE">MJ Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MJNE#OTC">MJNE</a>) shares closed down 26.76% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/BMMJ">Body and Mind</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed down 22.37% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/CNBX">CNBX Pharmaceuticals</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNBX#OTC">CNBX</a>) shares closed down 4.80% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/MXC">Mexco Energy</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MXC#AMEX">MXC</a>) shares closed down 4.52% at $11.46</li>
<li><a href="https://www.benzinga.com/quote/NWVCF">EnWave</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NWVCF#OTC">NWVCF</a>) shares closed down 3.40% at $0.17</li>
<li><a href="https://www.benzinga.com/quote/CXXIF">C21 Investments</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CXXIF#OTC">CXXIF</a>) shares closed down 3.18% at $0.25</li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BMMJ

CANNABIS WHEATON INCOME by Cannabis Wheaton Income Corp.

CBWTF

CNBX

CNTMF

CRLBF

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

CWBHF

CXXIF

FFNTF

FUAPF

GBHPF

GNLN

GRNH

GTBIF

HERTF

KAYS

LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

LBUY

MGWFF

MJNE

MRMD

NWVCF

RMHB

SNDL

TLRY

ZDPY

ZLDAF

Cannabis Stock Gainers And Losers From July 3, 2024

Pembina Pipeline Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pba#NYSE">PBA</a>), an energy transportation and midstream services provider, has entered into a purchase and sale agreement through its joint venture entity, Pembina Gas Infrastructure Inc. (&quot;PGI&quot;), with Whitecap Resources Inc., a Calgary-based oil and gas exploration and production company.
This strategic collaboration will see PGI acquiring a 50% working interest in Whitecap&#39;s 15-07 Kaybob Complex in Alberta and supporting the infrastructure development of the company&#39;s Lator growth area. The gross proceeds related to this transaction amount to C$420 million, with C$252 million net to Pembina.
<h3>Key Transaction Details</h3>
Acquisition of Kaybob Complex: PGI will acquire a 50% working interest in the Kaybob Complex, which includes a natural gas processing capacity of 165 million cubic feet per day and a condensate stabilization capacity of 15,000 barrels per day.
Despite the acquisition, Whitecap will retain operatorship of the assets. A long-term take-or-pay agreement for PGI&#39;s capacity in the Kaybob Complex has been secured with Whitecap, which will a dedicated area for all volumes produced by the company in the region.
Lator Area Development: PGI has committed to funding the development of Whitecap&#39;s Lator area, including a new battery and gathering lateral, referred to as the Lator Infrastructure. PGI will own this infrastructure and in return Whitecap has agreed to long-term take-or-pay agreements, which will grant the company priority access to the Lator Infrastructure. This development also includes an area of dedication to PGI for all volumes produced by Whitecap from the Lator area.
Additional Agreements and Facilities: Whitecap has also entered into further long-term take-or-pay contracts with PGI at the Musreau gas plant within the Cutbank Complex and the K3 gas plant. These contracts enhance the volume capture potential of PGI&#39;s facilities.
Integrated Services Agreements: In addition to the transaction, PBA has signed a combination of new and extended long-term integrated transportation, fractionation and marketing services agreements with Whitecap. These agreements include a dedication of future growth volumes from Whitecap&#39;s Kaybob and Lator developments, which should provide a significant boost to Pembina&#39;s operational capabilities.
<h3>Strategic Benefits of the Transaction</h3>
Alignment With a Growth-Oriented Company: The transaction further aligns PGI and PBA with Whitecap. The company has an exceptional growth track record in the Montney and Duvernay plays. This alignment is expected to yield significant strategic advantages.
Enhanced Asset Utilization: By increasing volumes at PGI&#39;s Musreau and K3 facilities, the transaction will enhance the utilization of existing white space within these assets. This increased utilization is a critical component of Pembina&#39;s operational strategy.
Increased Volume Capture Potential: The Lator Lateral, which connects PGI&#39;s Musreau facility to the Lator area, will enhance PGI&#39;s ability to capture additional volumes. This strategic connection is expected to drive growth and efficiency within PGI&#39;s operations.
Strong Contractual Protections: The transaction is underpinned by long-term take-or-pay agreements and dedicated areas of production, providing strong contractual protections. These agreements ensure that PGI and PBA can reliably forecast and manage the companies&#39; operations and revenue streams.
Comprehensive Value Chain Benefits: Beyond the immediate infrastructure and development gains, the transaction offers additional benefits across Pembina&#39;s integrated value chain. The new and extended long-term transportation, fractionation and marketing services agreements will support higher utilization of PBA&#39;s Peace Pipeline and at the Redwater Complex, including the construction of RFS IV. The arrangements for Whitecap&#39;s Lator development also support Pembina&#39;s ethane supply commitments, further enhancing the company&#39;s strategic position.
<h3>Financial and Operational Impact</h3>
Transaction Funding: The transaction will initially be funded using PGI&#39;s existing credit facility, which should provide a streamlined and efficient financial pathway for the acquisition and development activities.
Expected Closing Timeline: The closing of the transaction is anticipated to occur in the third quarter of 2024, subject to the satisfaction or waiver of customary closing conditions, including all required regulatory approvals. This timeline allows for a structured and well-managed transition of ownership and operational responsibilities.
<h3>Conclusion</h3>
The strategic partnership between PBA, through its joint venture PGI, and Whitecap Resources Inc. marks a significant milestone in the development of Western Canada&#39;s natural gas infrastructure. The acquisition of a 50% working interest in the Kaybob Complex and the commitment to support the Lator area development position PBA and PGI for sustained growth and enhanced operational efficiency.
The transaction&#39;s comprehensive contractual protections and alignment with Whitecap&#39;s growth trajectory underscore the strategic value of this partnership, promising significant benefits across PBA&#39;s integrated value chain.
<h3>Zacks Rank and Key Picks</h3>
Currently, PBA carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Sunoco LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>), sporting a Zacks Rank #1 (Strong Buy) and&nbsp;SM Energy Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>) and Coterra Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctra#NYSE">CTRA</a>), &nbsp;each carrying a Zacks Rank #2 (Buy), at present.
Sunoco is valued at $5.68 billion. It is a major wholesale motor fuel distributor in the United States, distributing over 10 fuel brands through long-term contracts with more than 10,000 convenience stores, ensuring consistent cash flow.
SUN&#39;s extensive distribution network across 40 states provides a robust and reliable source of income and the Brownsville terminal expansion should add to its revenue diversification.
Denver, CO-based SM Energyis valued at $5.02 billion. The company currently pays a dividend of 72 cents per share, or 1.65%, on an annual basis.
SM, an independent energy company, engages in the acquisition, exploration, development and production of oil, gas and natural gas liquids in the state of Texas.
Coterra Energy is valued at $19.75 billion. The company currently pays a dividend of 84 cents per share, or 3.16%, on an annual basis.
CTRA is an independent upstream operator engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids.
<a href="https://www.zacks.com/stock/news/2296447/pembina-pbr-signs-deal-to-acquire-50-stake-in-whitecap?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2296447">To read this article on Zacks.com click here.</a>

Events

CTRA

Pembina Signs Deal to Acquire 50% Stake in Whitecap

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) investors appeared unaltered this week by a suspenseful decision that could put the company under independent monitoring for three years or take it back to <a href="https://www.benzinga.com/topic/boeing">court on criminal charges.</a>
The <a href="https://www.benzinga.com/markets/equities/24/07/39570406/justice-department-moves-to-charge-boeing-over-fatal-crashes-report">non-negotiable plea deal offered to Boeing </a>by the Department of Justice over the alleged violation of a previous agreement was made public on Monday, the same day that the company announced <a href="https://www.benzinga.com/news/24/07/39578138/why-boeing-shares-are-moving-higher-monday">a definitive agreement to purchase </a>Spirit AeroSystems Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>).
The acquisition of the Wichita-based fuselage maker, which was founded as a spin-off of Boeing itself and has served as its main fuselage provider for almost two decades, was met with mild enthusiasm from investors.
Boeing shares rose by about 3% on Monday and remained approximately 1.3% higher on Wednesday compared to their closing price on Friday.
The $4.7 billion all-stock deal was read by many as part of a Boeing strategy to clean up its safety reputation by owning a bigger chunk of its supply chain, after the company returned to the center of public scrutiny for a series of fatal plane crashes that occurred five years ago.
One piece of news that went somewhat buried under the acquisition announcement was a proposal by federal prosecutors for Boeing to plead guilty to breaking its previous "probation" deal.
The Context: Boeing faced severe pressure at the end of the last decade after two crashes in 2018 and 2019 claimed the lives of 346 people, raising concerns over the safety of the 737 MAX passenger aircraft.
In 2021, a deal was reached where Boeing was offered a $2.5 billion settlement in exchange for having charges dropped, provided the company cleaned up its act. This arrangement was referred to at the time as a type of "corporate probation" that would last three years.
The settlement included $500 million in compensation for the families of the deceased, and Boeing committed to developing a new compliance program to assess the safety of its production aircrafts.
An Alaska Airlines flight forced to make an emergency landing in January brought the company's safety practices back under the scrutiny of the DOJ.
Further investigation found that irregularities in the Boeing manufacturing chain led to the Alaska Airlines 737 Max incident, leading Boeing to compensate the airline for <a href="https://www.benzinga.com/markets/equities/24/04/38097239/compensation-package-boeing-assists-alaska-air-with-160m-amid-crisis">$160 million in damages</a>.
In May, federal prosecutors <a href="https://www.benzinga.com/news/24/05/38845748/justice-department-accuses-boeing-of-2021-settlement-breach">said Boeing broke the deal</a>, by failing to &#8220;design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations&#8221;.
Read also: <a href="https://www.benzinga.com//node/39623013">Boeing Set For Improved Deliveries And Production Rates, Goldman Sachs Analyst Says</a>
<h3 class="wp-block-heading">Should Boeing Take The New Deal?</h3>
This week, the DOJ gave Boeing a new opportunity to avoid criminal charges. The company now has until July 7 to admit it broke the terms of the 2021 deal and plead guilty.
n doing so, it would also commit to taking on an independent compliance monitor for three years and paying an additional $243.6 million fine.
<a href="https://www.wsj.com/us-news/law/boeing-737-max-guilty-plea-trial-78e13438?mod=hp_lista_pos2">According</a> to The Wall Street Journal, a third-party law firm would typically be hired as the compliance monitor, responsible for reporting any irregularities to the DOJ.
Victims&#8217; families have rejected the deal, as they argue it leaves Boeing home free for a small price. They expect the company to admit full responsibility for the loss of lives and pay a sum 10 times greater.
Taking the deal would clear up Boeing's criminal liability but would require the company to allow a third-party monitor full access to its day-to-day operations, previous records, and information. Additionally, a guilty plea would leave a stain on the company's reputation.
Boeing can choose to reject the deal, which would put it back on trial on criminal charges. This would be a risky move, as federal prosecutors have documented evidence amounting to a confession of breaking the 2021 deal. Two Boeing executives have admitted that the company misled air-safety regulators about a safety feature linked to the 2018 and 2019 crashes.
Legal commentators quoted by WSJ said Boeing has little chances of winning that trial by trying to convince a judge that the company didn't break the 2021 deal. Losing it would severely jeopardize the company's ability to land government contracts, which currently amount to tens of billions of dollars.
Read Next: 
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<li><a href="https://www.benzinga.com//node/39591439">Read also: Boeing Set For Improved Deliveries And Production Rates, Goldman Sachs Analyst Says</a></li>
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