Latest news for Perenti (OTC:AUSDF) Stock

Perenti Ltd is an exploration and production drilling company that offers a range of mining services. It provides exploration drilling, production drilling, blasting, and geotechnical services. The projects of the company include KCGM Superpit, Huntly, Tropicana, Koolyanobbing, Mungari and Ensham among others. The company's operating segment consists of Contract Mining - Surface, Contract Mining - Underground, Mining Services and idoba. The company generates the majority of its revenue from Contract Mining - Underground.

PERENTI GLOBAL LTD by Perenti Global Ltd.

Perenti Ltd

Shares of Pitney Bowes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) shares rose sharply in today's pre-market trading following a report indicating that the company has sold a part of its <a href="https://www.benzinga.com/quote/PBI/news">e-commerce business to Stord</a>.
Pitney Bowes shares jumped 12.5% to $7.58 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Cognition Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTX#NASDAQ">CGTX</a>) gained 46% to $3.45 in pre-market trading after the company announced that it will host an investor presentation to discuss results from its phase 2 SHINE study of CT1812 on Monday July 29, 2024.</li>
<li>Longeveron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) shares climbed 36.3% to $4.69 in pre-market trading after the company disclosed study results from CLEAR MIND Phase 2a clinical trial of Lomecel-B in mild Alzheimer&#8217;s disease.</li>
<li>Planet Image International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YIBO#NASDAQ">YIBO</a>) rose 35.7% to $3.99 in pre-market trading after jumping around 56% on Friday.</li>
<li>DDC Enterprise Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDC#NYSE">DDC</a>) shares gained 22.7% to $0.76 in pre-market trading after gaining 6% on Friday.</li>
<li>BurgerFi International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) gained 22.1% to $0.5133 in pre-market trading. BurgerFi shares jumped 97% on Friday after the company announced it reached a legal settlement agreement with Lion Point Capital. The company agreed to pay $1,350,000 and issue Lion Point 300,000 of preferred stock.</li>
<li>Tivic Health Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIVC#NASDAQ">TIVC</a>) shares gained 19.4% to $0.5395 in pre-market trading after gaining 11% on Friday.</li>
<li>Ambipar Emergency Response (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBI#NYSE">AMBI</a>) gained 15.5% to $5.34 in pre-market trading after jumping 29% on Friday.</li>
<li>TransCode Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAZ#NASDAQ">RNAZ</a>) shares gained 14.1% to $0.3371 in pre-market trading. TransCode Therapeutics 13G filing showed 3i, LP reported a 9.9% stake in the company, as of July 23.</li>
<li>Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) gained 11.4% to $7.51 in pre-market trading. Anavex Life Sciences presented comprehensive results from the Phase IIb/III study showing that blarcamesine, once daily orally, significantly slowed clinical decline in people with early Alzheimer&#8217;s disease.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>vTv Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTVT#NASDAQ">VTVT</a>) shares fell 37.4% to $13.28 in pre-market trading after the company announced the FDA has placed a clinical hold on the cadisegliatin clinical program which includes the ongoing CATT1 phase 3 trial in type 1 diabetes.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) shares declined 34% to $0.1690 in pre-market trading after gaining 6% on Friday.</li>
<li>LuxUrban Hotels Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) shares fell 22.1% to $0.1488 in pre-market trading after the company priced its $1.74 million public offering of 11,573,333 common shares at 15 cents per share.</li>
<li>Treasure Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) shares fell 19.6% to $1.48 in pre-market trading.</li>
<li>Globavend Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVH#NASDAQ">GVH</a>) shares declined 13.1% to $0.63 in pre-market trading after surging 24% on Friday.</li>
<li>Phio Pharmaceuticals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>) fell 12.6% to $3.53 in pre-market trading. Phio Pharmaceuticals recently announced exercise of warrants for $3.1 million gross proceeds.</li>
<li>INVO Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVO#NASDAQ">INVO</a>) shares fell 11.6% to $0.7250 in pre-market trading after jumping 11% on Friday.</li>
<li>NuZee Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUZE#NASDAQ">NUZE</a>) fell 9.7% to $3.40 in pre-market trading after surging around 25% on Friday.</li>
<li>EZCORP, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>) shares dipped 8.8% to $9.41 in pre-market trading.</li>
<li>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) shares fell 6.6% to $98.29 in pre-market trading. A jury ordered Abbott to pay $495 million in compensation and damages in a baby-formula verdict, the Wall Street Journal reported.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39984123/jim-cramer-is-mystified-by-five-below-predicts-crowdstrike-is-going-to-bottom-here">Jim Cramer Is &#8216;Mystified&#8217; By Five Below, Predicts CrowdStrike &#8216;Is Going To Bottom Here</a><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39984123/jim-cramer-is-mystified-by-five-below-predicts-crowdstrike-is-going-to-bottom-here">&#8216;</a></li>
</ul>

News

Pre-Market Outlook

Markets

Movers

Trading Ideas

AMBI

AVXL

CERO

CGTX

EZPW

INVO

LGVN

LUXH

NUZE

PHIO

RNAZ

TIVC

VTVT

YIBO

Why Pitney Bowes Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket

Deutsche Bank analyst Scott Deuschle upgrades Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) from Hold to Buy and raises the price target from $474 to $575.

Upgrades

Price Target

Analyst Ratings

Deutsche Bank Upgrades Northrop Grumman to Buy, Raises Price Target to $575

Guggenheim analyst Joseph Osha maintains Sunnova Energy Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) with a Buy and raises the price target from $7 to $10.

NOVA

Guggenheim Maintains Buy on Sunnova Energy Intl, Raises Price Target to $10 (Previously Published on 26th July)

Sigma Lithium Corporation (&quot;Sigma Lithium&quot; or the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGML#NASDAQ">SGML</a>, BVMF: S2GM34, TSXV:<a class="ticker" href="https://www.benzinga.com/stock/SGML#TSXV">SGML</a>), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, is pleased to announce it signed an inaugural deferred&nbsp;US$ 22.4 million&nbsp;letter of credit for export financing with Banco do Brasil at very low interest rates.
<a href="https://mma.prnewswire.com/media/2469847/Sigma_BB.html" target="_blank"><img alt="Picture 1: Sigma CEO and commercial executives with the Banco do Brasil executives at signing ceremony" src="https://mma.prnewswire.com/media/2469847/Sigma_BB.jpg" /></a>
As Sigma matures as an industrial producer and demonstrates its ability to consistently deliver its Quintuple Zero Green Lithium, it gained access to access low-cost trade finance mechanisms through Banco do Brasil, available to the country&#39;s largest industrial exporters. These agreements enhance Sigma Lithium&#39;s commercial flexibility and market access.
As a result of the lower interest export credit lines, the Company will phase out the existing trade lines in its treasury, thus decreasing the Company&#39;s recurring interest expenses and further improving its competitiveness. &nbsp;

SGML

TSXV:SGML

Sigma Lithium Secures $22.4M Low-Interest Export Financing With Banco do Brasil

Lipella&#39;s Phase 2a trial is a multi-center, dose-ranging study of LP-310, a proprietary liposomal-tacrolimus oral rinse formulation of the company&#39;s lead candidate LP-10 for hemorrhagic cystitis. The trial has enrolled its first patients across multiple research sites nationwide, spanning from Philadelphia to San Francisco, and is actively screening additional subjects with symptomatic Oral Lichen Planus.

LIPO

Lipella Pharmaceuticals Commences Phase 2a Trial For LP-310 In Oral Lichen Planus, Enrolls First Patients

<ul>
<li>After closing of the proposed transaction, Cepton will operate as a privately held indirect subsidiary of Koito in the U.S., with corporate headquarters in San Jose, CA.</li>
</ul>
<ul>
<li>Cepton and Koito have partnered since 2017 to industrialize high-performance lidar solutions for mass-market automotive, smart infrastructure and industrial applications.</li>
</ul>
<ul>
<li>The proposed transaction is poised to accelerate the commercialization of Cepton&#39;s lidar technology through increased financial stability and scalability.</li>
</ul>
<ul>
<li>The integration of Cepton through the proposed transaction is expected to enhance Koito&#39;s capabilities in automotive sensing solutions with strengthened technology advancement, product offerings and market penetration into new verticals.</li>
</ul>
<ul>
<li>The proposed transaction builds on the long-term synergy between Cepton&#39;s innovative spirit and Koito&#39;s engineering heritage, enabling sustainable focus on quality and resilience against industry challenges.</li>
</ul>

CPTN

Cepton To Be Acquired By Koito For $3.17 Per Share In All-Cash Deal, Transitioning To A Privately Held Subsidiary

David Arnon held senior leadership and CEO roles within the healthcare insurance industry at Harel Insurance and Clal Insurance, two of the largest insurance groups in Israel

Management

SHLT

SHL Telemedicine Names David Arnon As CEO, Effective August 6, 2024

Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck customers <a href="https://www.benzinga.com/news/24/07/39927857/tesla-aims-at-profitability-for-cybertruck-by-2024-end-with-production-ramp-and-cost-savings-with-dr">may get access to its full self-driving (FSD)</a> driver assistance technology in August, company CEO Elon Musk said on Sunday.
What Happened: "I think that should be coming out in August," Musk said in response to questions on when Cybertrucks would receive FSD at the X takeover event hosted by Tesla Owners of Silicon Valley in San Luis Obispo, California. The CEO appeared virtually at the 2-day event dedicated to Tesla, EV, and SpaceX enthusiasts. 
The CEO said that FSD should work on the Cybertruck in the next two to four weeks, while also adding that he cannot give an exact timeline. The company has to test the update to make sure of its capabilities before rolling it out, he said. 
Musk had previously said that Tesla would start deploying its full self-driving (FSD) driver assistance technology on its&nbsp;<a href="https://www.benzinga.com/news/24/07/39808526/cybertruck-curiosity-grips-tesla-shareholders-as-elon-musk-led-ev-giant-starts-taking-questions-for" target="_blank" rel="noreferrer noopener">Cybertruck vehicles&nbsp;</a>with version 12.5 of the software. Version 12.5, he then said, will start rolling out in late June.&nbsp;
The company eventually started rolling out FSD version 12.5 last week <a href="https://www.benzinga.com/news/24/07/39900392/teslas-fsd-version-12-5-doesnt-support-sunglasses-yet-contrary-to-elon-musks-word">but Cybertruck owners did not receive access</a> as promised. Cybertruck is now expected to gain access to the technology with future versions of the software.
&#8220;There will be several point releases in quick succession,&#8221; Musk said on Saturday after the company started rolling out version 12.5.1. 
<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">There will be several point releases in quick succession
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1817098125485486191?ref_src=twsrc%5Etfw">July 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters:&nbsp;Tesla is attempting to improve its FSD software to enable vehicles to operate without human intervention. However, it presently requires active driver supervision.
Cybertruck, Tesla&#8217;s latest offering, currently does not have access to FSD. 
In late December, Musk said that the&nbsp;<a href="https://www.benzinga.com/news/24/07/39574027/cybertruck-drivers-list-shortcomings-including-battery-drain-lack-of-fsd-tesla-vows-to-make-it-bette" target="_blank" rel="noreferrer noopener">Cybertruck is the lowest priority</a>&nbsp;for FSD software given its limited number of roads. There are about 5 million other Tesla cars on the road as compared to several hundred Cybertrucks, he then said. 
However, an increasing number of customers have been demanding access to the technology. According to Kelley Blue Book estimates, Tesla sold 8,755 Cybertrucks in the second quarter in the U.S., as&nbsp;<a href="https://www.benzinga.com/news/24/05/38783121/tesla-cybertrucks-are-filling-up-in-used-car-markets-but-would-you-pay-these-steep-prices" target="_blank" rel="noreferrer noopener">compared to just 2,803 in the first quarter</a>.&nbsp;
The company is currently attempting to further ramp up production, aiming to deliver 250,000 units annually starting in 2025. During Tesla&#8217;s second-quarter earnings last week, the company said that Cybertruck <a href="https://www.benzinga.com/news/24/07/39876213/tesla-confirms-it-aims-to-start-selling-cybertruck-in-canada-this-year-pre-orders-open-for-150" target="_blank" rel="noreferrer noopener">production is on track</a> to achieve profitability by the end of the year.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40003845/elon-musks-spacex-resumes-big-launches-three-starlink-missions-over-weekend-placing-67-satellites-in">Elon Musk&#8217;s SpaceX Resumes Big, Launches Three Starlink Missions Over Weekend, Placing 67 Satellites In Low Earth Orbit</a></li>
</ul>
Photo via Shutterstock

Tech

TSLA

Tesla CEO Elon Musk Gives Fresh Timeline For FSD Access On Cybertruck, Says 'It Should Be Coming Out In August'

Melinda French Gates shared her thoughts on the latest developments in the philanthropic world, particularly the decision of Warren Buffett to create a <a href="https://www.benzinga.com/news/management/24/06/39550353/warren-buffett-sets-up-new-trust-as-he-turns-away-from-gates-foundation">trust managed by his children</a>.
What Happened: French Gates expressed her views on Buffett&#8217;s recent decision to allocate the majority of his remaining wealth to a new charitable trust, to be overseen by his children, in an <a href="https://www.nytimes.com/2024/07/28/magazine/melinda-french-gates-interview.html">interview</a> with The New York Times. This move will divert funds away from the Gates Foundation, which has been a significant beneficiary of Buffett&#8217;s philanthropy.
When asked if she was surprised by this decision, French Gates responded, &#8220;No, this decision did not surprise me. It's been a decision that I think he's been coming to over time, and I was aware that he was making this decision.&#8221;
She also noted that Buffett has made a significant contribution to the Gates Foundation over the years and sees this as a positive evolution in his philanthropic thinking. &#8220;So I think this has just been a good evolution to his thinking on how he wants to do his giving,&#8221; she stated. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40002999/bitcoin-ethereum-dogecoin-move-sideways-as-trump-raises-pro-crypto-pitch-why-does-this-ana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Move Sideways As Trump Raises Pro-Crypto Pitch &#8211; Why Does This Analyst Think Longing King Crypto Could Soon Be A Good Option?</a>
Buffett, who has been donating a portion of his wealth to the Gates Foundation and other organizations since 2006, has decided to change the distribution of his wealth after his death. His children will be responsible for deciding which philanthropies will receive the remaining fortune.
French Gates also commented on the philanthropic efforts of other prominent figures, such as Elon Musk and Jack Dorsey, stating that while they use their voices and platforms, <a href="https://www.benzinga.com/news/24/07/40004544/elon-musk-peter-thiel-bill-ackman-not-philanthropists-according-to-melinda-french-gates-they-use-the">they have not been very philanthropic yet</a>.
Why It Matters: French Gates&#8217; comments come in the wake of her recent departure from the Bill &amp; Melinda Gates Foundation. In May, she <a href="https://www.benzinga.com/news/24/05/38798008/melinda-french-gates-to-resign-as-gates-foundation-co-chair-plans-to-continue-her-own-philanthropic">announced her resignation</a> as co-chair to pursue her philanthropic endeavors. She expressed pride in the foundation&#8217;s work and her commitment to addressing global inequalities.
In June, French Gates publicly endorsed President Joe Biden for <a href="https://www.benzinga.com/news/24/06/39392292/melinda-french-gates-voting-for-biden-not-trump-in-2024-election-cannot-vote-for-a-man-who-rolls-bac">the upcoming 2024 election</a>, emphasizing her stance on women&#8217;s reproductive rights following the Supreme Court&#8217;s decision to overturn Roe v. Wade. 
Shortly after, Elon Musk criticized French Gates&#8217; political activities, suggesting that her support for Biden could negatively impact Western civilization. Musk&#8217;s remarks highlighted the ongoing political <a href="https://www.benzinga.com/news/24/06/39443853/elon-musk-thinks-scorned-billionaire-wife-to-democrat-activist-could-be-downfall-of-western-civiliza">tensions surrounding high-profile philanthropists</a>.
She stated she could not support a candidate who rolls back women&#8217;s rights. Shortly <a href="https://www.benzinga.com/news/24/07/39932764/kamala-harris-presidential-campaign-secures-7m-from-netflix-co-founder-reed-hastings">after Biden&#8217;s withdrawal</a>, French Gates announced her endorsement of Vice President Kamala Harris.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40002734/trump-says-bitcoin-will-skyrocket-like-never-before-if-he-returns-to-the-white-house-promi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says Bitcoin Will &#8216;Skyrocket Like Never Before&#8217; If He Returns To The White House, Promises To Fire SEC Chair Gary Gensler On Day 1</a></li>
</ul>
Image via MidJourney
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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Entrepreneurship

Global

Melinda Gates Not Surprised By Warren Buffett's New Will To Form Charity Trust Headed By His Children, Calls It A 'Good Evolution Of His Thinking'

The global economy could suffer a staggering $4 trillion hit in the first year alone if war breaks out between North and South Korea, Bloomberg analysts warned. The chances of such a conflict, while slim, have increased following Russian President Vladimir Putin&#8216;s recent visit to North Korea and the establishment of a new defense pact.
What Happened: The visit saw Putin embracing North Korean leader Kim Jong Un and forming a new defense pact, adding another layer of complexity to the already tense global situation, which includes ongoing tensions between North and South Korea, the conflict in Ukraine and China&#8217;s threats to Taiwan, Bloomberg <a href="https://www.bloomberg.com/">reported</a> on Monday. 
South Korea is a significant player in the global economy, particularly in the production of electronic components. Samsung Electronics, a top 30 global firm by market capitalization, is responsible for producing 41% of the world&#8217;s DRAM chips and 33% of NAND memory chips. These products are crucial for a range of companies, including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Chinese smartphone maker Xiaomi Corp.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39998398/kamala-harris-admits-i-inhaled-marijuana-and-now-pushes-for-legalization-what-this-means-for-202?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Admits &#8216;I Inhaled&#8217; Marijuana And Now Pushes For Legalization: What This Means For 2024 Elections</a>
South Korea&#8217;s contribution to the global electronics market is substantial, accounting for 4% of all electronic components used in factories worldwide and around 40% of all memory chips. In 2022, sectors such as electronics and autos, which heavily rely on semiconductors, made up 30% of GDP in Taiwan, 11% in China, and 8% in Japan. A halt in South Korean electronics exports would therefore have a significant impact on the global economy.
According to Bloomberg Economics, a full-scale conflict could result in a 37.5% shrinkage of South Korea&#8217;s economy, a 5% blow to China&#8217;s GDP, and a 2.3% hit to the U.S. GDP. The global GDP could drop by 3.9%, with Southeast Asia, Japan, and Taiwan — all dependent on South Korea&#8217;s chips and vulnerable to maritime disruptions — taking the biggest hit.
Why It Matters: Adding to the tension, North Korea has recently accused the<a href="https://www.benzinga.com/news/24/07/39883605/kim-jong-uns-north-korea-slams-us-and-south-korea-for-crossing-a-red-line-on-nuclear-war-without-hes"> United States and South Korea</a> of conducting continuous joint military drills against it, thereby crossing a &#8220;red line&#8221; toward a new nuclear war.
Furthermore, North Korea has launched approximately <a href="https://www.benzinga.com/news/24/07/39883605/kim-jong-uns-north-korea-slams-us-and-south-korea-for-crossing-a-red-line-on-nuclear-war-without-hes">500 trash-filled balloons</a> into South Korean airspace, causing flight disruptions and a rooftop fire.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39975168/nikki-haley-says-democrats-are-very-smart-to-put-in-a-younger-candidate-against-trump-but-kamala-har?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nikki Haley Says &#8216;Democrats Are Very Smart To Put In A Younger Candidate&#8217; Against Trump But Kamala Harris&nbsp;Is The &#8216;Weakest Candidate&#8217;</a></li>
</ul>
Image via Shutterstock
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/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

Economics

General

AAPL

After Kim Jong Un's Defense Pact With Russia, Global Economy Could Lose $4 Trillion If War Erupts Between North And South Korea, Warn Experts

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell by over 8% during the week ending July 26, halting an upward trend that had been building since the <a href="https://www.benzinga.com/markets/equities/24/07/39595720/tesla-deliveries-fall-for-second-straight-quarter-but-stock-takes-off-as-q2-numbers-exceed-expec">company&#8217;s quarterly deliveries</a> report was released earlier in July. A fund manager, who has trimmed his Tesla stake substantially, delved into what would prompt him to increase his position in a post on Sunday.
What Happened: The Future Fund LLC, run by Gary Black, has trimmed its Tesla position from over 5% in early March to 3.55% currently. Tesla has become the fifth largest holding in the firm&#8217;s flagship Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>), with $307,280 worth of the electric vehicle maker&#8217;s stock.
One of Black&#8217;s followers commented on X, formerly Twitter, that the 3.6% stake is &#8220;a bit low&#8221; and asked him what will cause the firm to increase its holdings.
The fund manager outlined the following as pulling points:
<ul>
<li>A path to stabilizing and ultimately increasing auto gross margins</li>
<li>Evidence that confirms that Tesla&#8217;s volume growth can return to 25%+ as the company launches sub-$30K EVs to expand its total addressable market</li>
<li>Data showing that full self-driving technology can improve from its current 95%-96% efficacy to 99.99% would support an increase in Tesla&#8217;s price target to $270.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-buy-tesla-stock">How To Buy Tesla Stock</a>
Why It&#8217;s Important: After a mixed quarterly report and not-so-positive earnings call, the stock could once again be locked in a range-bound phase closer to the $200 mark but for meaningful external catalysts that could drive it higher. The Oct. 10 robotaxi unveil event and the announcements at the event could be stock-moving. The stock may gather some momentum in the run-up to the event, depending on the news flow.
Detractors, however, question the valuation after the second-quarter earnings report showed that much of the operating profit came from regulatory credits, which are one-time in nature. The guidance for a significant decline in volume in 2024 also did not go down well with investors and analysts. 
A potential change of guard in the White House is another looming risk, given Republican Presidential nominee <a href="https://www.benzinga.com/news/24/07/39854007/trump-says-he-will-end-the-electric-vehicle-mandate-on-day-one-days-after-tesla-ceo-elon-musks-endor">Donald Trump&#8217;s anti-EV stance.</a>
Tesla ended Friday&#8217;s session down 0.20% at $219.80, according to Benzinga Pro data, and the stock is down 11.54% so far this year.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39999031/elon-musks-optimism-doesnt-rub-off-on-investors-rivian-ceo-says-r2-not-model-y-copycat-gms-ev-go">Elon Musk&#8217;s Optimism Doesn&#8217;t Rub Off On Investors, Rivian CEO Says R2 Not Model Y Copycat, GM&#8217;s EV Goals Scaled Back Yet Again And More: Biggest EV Stories Of The Week</a></li>
</ul>
Image via Shutterstock

Analyst Color

Equities

FFND

Tesla Investor Who Significantly Reduced Stake Ready To Buy Back In? Here's What EV Maker Should Do Win His Confidence

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, with the index moving to the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks closed higher on Friday, with the Dow Jones index jumping around 650 points during the session following the release of recent inflation data.
The headline Personal Consumption Expenditure (PCE) price index <a href="https://www.benzinga.com/markets/equities/24/07/39984413/feds-favorite-inflation-gauge-falls-to-2-5-lowest-since-february-2021-but-core-remains-sticky-10">fell to 2.5% year-on-year in June</a>, as expected. The core component remained steady at 2.6%, countering expectations of a drop to 2.5%. The headline index&#8217;s decline to 2.5% marks the lowest point since February 2021, a level also seen in January and February 2024.
The S&amp;P 500 fell 0.8% last week, while the Nasdaq dipped 2.1%, with both the indices recording posted back-to-back weekly losses. However, the Dow outperformed, with the index gaining 0.8% to record its fourth straight positive week.
Shares of Bristol Myers Squibb &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) surged over 11% on Friday after the company posted strong second-quarter earnings and increased 2024 guidance. 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) shares jumped around 23% on Friday after the company posted better-than-expected second-quarter financial results and raised its FY24 EPS outlook.
All sectors on the S&amp;P 500 closed on a positive note, with industrials, materials, and real estate stocks recording the biggest gains on Friday
The Dow Jones closed higher by around 654 points to 40,589.34 on Friday. The S&amp;P 500 surged 1.11% to close at 5,459.10, while the Nasdaq Composite climbed 1.03% at 17,357.88 during Friday's session.
Investors are awaiting earnings results from McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), and Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 45.3, the index moved to the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 42.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39984459/top-3-risk-off-stocks-that-are-set-to-fly-in-july">Top 3 Risk Off Stocks That Are Set To Fly In July</a></li>
</ul>

Earnings

Dow Jumps Over 650 Points Following Inflation Data: Fear & Greed Index Moves To 'Neutral' Zone

In the race to fill the top spot at Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), four candidates have emerged as potential successors. 
What Happened: Following the announcement in March that CEO Dave Calhoun will step down by year-end, experts have identified four potential successors. This decision came in the wake of the Alaska Airlines disaster in January, Business Insider<a href="https://www.businessinsider.com/who-could-be-boeing-next-ceo-candidates-2024-7?utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=business-sf"> reported</a> on Monday. 
Kelly Ortberg, former CEO of Rockwell Collins, has three decades of experience in the aerospace and space industry and is a strong contender for the CEO position at Boeing. Ortberg retired in 2021 as an advisor to the CEO of RTX, the company that now operates the former Rockwell Collins.
Stephanie Pope, CEO of Boeing&#8217;s commercial airplanes division, is also on the shortlist. Pope, a third-generation Boeing employee, previously served as the company&#8217;s COO and has a finance background.
Pat Shanahan, CEO of Spirit AeroSystems, is another contender. Spirit AeroSystems, known for building the fuselage of the Alaska 737 Max that lost its door plug midair, is set to be bought back by Boeing in a $4.7 billion deal.
The final candidate is Steve Mollenkopf, the current Boeing board chair and former CEO of Qualcomm Incorporated.
The search for a new leader at Boeing has been fraught with challenges, with at least two individuals reportedly declining the role.
Boeing has yet to respond to Benzinga. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39970069/investors-go-all-in-on-small-caps-pour-over-6-billion-into-russell-2000-etf-this-month-they-will?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They &#8216;Will Return To Larger-Cap Alternatives,&#8217; Veteran Analyst Says</a>
Why It Matters: The search for a new CEO comes at a critical time for Boeing. The company has been under intense scrutiny following two fatal 737 Max crashes in 2019. The victims&#8217; families have called for a <a href="https://www.benzinga.com/news/24/06/39408346/boeing-737-max-crash-victim-families-call-for-25b-fine-as-ceo-dave-calhoun-gets-grilled-by-senators">$25 billion fine</a> on Boeing, describing the incident as &#8220;the deadliest corporate crime in U.S. history.&#8221;
Boeing&#8217;s leadership has also been criticized for its lack of engineering expertise. Elon Musk, CEO of SpaceX, a direct rival to Boeing's space division, <a href="https://www.benzinga.com/news/24/06/39496118/elon-musk-takes-a-dig-at-dave-calhoun-amid-boeings-starliner-crisis-ceo-of-an-aircraft-company-shoul">criticized Boeing&#8217;s CEO</a> for not knowing how to design aircraft.
Despite these challenges, Boeing has recently resumed deliveries of its 737 MAX aircraft to China after a prolonged delay due to regulatory issues. This <a href="https://www.benzinga.com/markets/equities/24/07/39928770/boeing-resumes-737-max-deliveries-to-china-after-regulatory-delay-report">resumption could mark</a> a turning point for the company.
Price Action: Boeing closed at $186.89 on Monday, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39998927/one-crypto-is-posed-to-outperform-bitcoin-says-crypto-expert?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">One Crypto Is Poised To Outperform Bitcoin, Says Crypto Expert</a></li>
</ul>
Image via Shutterstock
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/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Boeing's Next CEO? Meet The Four Potential Successors As Dave Calhoun Prepares To Pass The Torch Amid Airplane Maker's Security Concerns And Increased Scrutiny

Diageo plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEO#NYSE">DEO</a>) famed for its Johnnie Walker whisky and Tanqueray gin, is bracing for its first yearly sales decline since 2020. The company has been under the radar following a profit warning last November, leading to a dip in investor confidence.
What Happened: Diageo&#8217;s U.S. market share has seen a downward trend. Analysts are predicting a 0.2% fall in net sales for the year ending June 30. The previous year&#8217;s net sales of Diageo were 17.1 billion pounds ($22 billion), Reuters reported on Monday.
Despite achieving almost 11 billion pounds ($14.13 billion) in sales during the first half of the year, analysts like Fintan Ryan at Goodbody Stockbrokers caution that the final result could be worse than consensus forecasts. Persistent issues in the U.S. and Latin America could result in a lower full-year delivery, Ryan noted.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39997974/anthony-scaramucci-tim-scott-weigh-in-ahead-of-ex-presidents-address-at-bitcoin-2024-confe?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci, Tim Scott Weigh In Ahead Of Ex-President&#8217;s Address At Bitcoin 2024 Conference: &#8216;Trump&#8217;s Move To Court Bitcoin And Towards Crypto Assets Has Shaken The Democrats At Core&#8217;</a>
Diageo&#8217;s recent struggles mirror the broader challenges the spirits industry is facing, as demand has dropped following a post-pandemic sales boom. Investors are eager to see Diageo reclaim its market share in North America, which contributes to 40% of its sales.
Moreover, Diageo has cautioned of a potential 10-20% sales drop in Latin America and the Caribbean. The company was taken by surprise by the build-up of unsold stock among wholesalers and retailers in Mexico during the first half of the year.
Why It Matters: Earlier this year, Diageo&#8217;s shares took a hit, <a href="https://www.benzinga.com/markets/equities/24/01/36840057/johnnie-walker-maker-diageo-tanks-after-missing-estimates-latin-america-woes-deepen">dropping over 3%</a> after the company reported a decline in organic net sales, missing analyst estimates. The spirits giant also warned of further challenges in Latin America, where unsold stock accumulates.
Adding to the company&#8217;s woes, American rapper Sean "Diddy" Combs and Diageo ended their <a href="https://www.benzinga.com/general/entertainment/24/01/36657562/rapper-diddy-and-diageo-part-ways-a-look-at-the-high-stakes-split-in-the-beverage-industry">long-standing partnership</a> on Cîroc vodka and DeLeón tequila earlier this year. The split followed a legal dispute in which Combs sued Diageo, alleging the company neglected the DeLeón brand in favor of its other tequila labels.
Price Action: Diageo closed at $132.43 on Friday, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39970069/investors-go-all-in-on-small-caps-pour-over-6-billion-into-russell-2000-etf-this-month-they-will?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They &#8216;Will Return To Larger-Cap Alternatives,&#8217; Veteran Analyst Says</a></li>
</ul>
Image by pil76 via Shutterstock
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/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Johnnie Walker Maker Diageo Faces First Annual Sales Decline Since 2020 Amid Investor Concerns And Profit Warning

Cognizant (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) announced its strategic partnership with Hays, the world&#39;s leading specialist in workforce solutions and recruitment. This significant partnership aims to transform Hays&#39; technology landscape and enhance its operational efficiency and innovation capabilities.
Hays is on a mission to transform and evolve into a globally integrated business, with IT and data as a pivotal driving force. As the global technology partner, Cognizant will deliver enhanced technologies to support Hays&#39; operational delivery and integrated processes that align with the business&#39;s evolving needs.
This deal encompasses supporting Hays&#39; Applications, Infrastructure and Transformation journey globally. Cognizant will aim to implement a modern and secure technology environment that will enable an excellent customer experience, and provide valuable data insights to enable Hays&#39; customers and people to succeed, enhancing efficiency and supporting future business growth.
&quot;We are thrilled to be selected as the strategic technology partner for Hays. We aim to develop a strategic and global perspective to manage key business risks effectively. Enhancing technology capabilities and governance will make Hays more agile toward business needs and foster innovation. Additionally, increasing transparency into technology globally will support better financial planning and execution for the company,&quot; said&nbsp;Rohit Gupta, Managing Director UK &amp;&nbsp;Ireland, Cognizant.
Established in the UK and operating in over 30 countries, Hays specialises in permanent recruitment and temporary staffing across various industry segments and geographies.

CTSH

Hays Teams Up with Cognizant for Global Tech Transformation and Innovation

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) to report quarterly earnings at $3.07 per share on revenue of $6.61 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. McDonald&#8217;s shares fell 0.3% to $251.18 in after-hours trading.</li>
<li>Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) reported a secondary offering of 41,604,207 shares of common stock. Nasdaq shares fell 2.6% to $65.25 in the after-hours trading session.</li>
<li>Analysts are expecting ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) to post quarterly earnings at 92 cents per share on revenue of $1.73 billion. The company will release earnings before the markets open. ON Semiconductor shares rose 1.2% to $70.98 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Pitney Bowes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) shares moved higher during Friday's after-hours trading following a report indicating that the company has sold a part of its e-commerce business to Stord. Pitney Bowes shares jumped 12.6% to $7.59 in the after-hours trading session.</li>
<li>Analysts expect Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) to post quarterly earnings at 78 cents per share on revenue of $1.83 billion after the closing bell. Sprouts Farmers Market shares gained 1% to $87.55 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39984491/nvidia-lockheed-martin-and-2-other-stocks-insiders-are-selling">Nvidia, Lockheed Martin And 2 Other Stocks Insiders Are Selling</a></li>
</ul>
Photo courtesy: Shutterstock

NDAQ

McDonald's, ON Semiconductor And 3 Stocks To Watch Heading Into Monday

As the market is seeing a consolidation phase <a href="https://www.benzinga.com/news/earnings/24/07/39993819/tech-stocks-slide-on-earnings-us-economy-flexes-muscles-small-cap-rally-continues-this-week-in-the-">following a strong surge,</a> the question in the minds of investors is whether the rally has stalled. President and Chief Investment Strategist of Yardeni Research Ed Yardeni offered a sober near-term outlook and a bullish prediction for the year-end.
Whither Goes Market? &#8220;Our hunch is that the stock market will continue to churn around current levels, rotating and remaining below its July 16 record high of 5667.20 through the presidential election,&#8221; said Yardeni in the firm&#8217;s weekly market update on Sunday, co-authored with Eric Wallerstein. &#8220;We expect a strong yearend rally to deliver a new record high,&#8221; they said.
The market has ignored the geopolitical tension stirred up on Saturday when a rocket strike from Lebanon killed 12 people in Israel&#8217;s Golan Heights and the retaliation by Israel, the strategists said. Instead, the stock market is laser-focused on the &#8220;upturn in earnings since early 2023, stretched valuations, and a rotation out of mega-cap stocks to large-caps and SMID-caps amid expectations that the Fed will cut rates in September, they added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Earnings Cheer: The strategists delved into the positive earnings catalyst, as they noted that consensus 2024, 2025 and 2026 earnings expectations for the companies constituting the S&amp;P 500 Index rose in the latest week. Therefore, the forward earnings rose to yet another new high in the week of July 25, they said.
The S&amp;P 500&#8217;s forward P/E multiple is at an elevated 20.6, inflated by the 30 times multiple for the mega-cap-8 stocks &#8211; the Magnificent Seven + Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Yardeni and Wallerstein said. Excluding these eight, the other 492 stocks in S&amp;P are trading at a more modest 18.5 times multiple, they said.
The strategists noted that S&amp;P smid-caps have seen their earnings for a couple of years flatline and about 40% of the Russell 2000 names were losing money currently.
&#8220;Put simply with the levels of bullishness the sentiment indicators got to about a week ago it&#8217;s tough to be anything but cautious on the stock market,&#8221; said Joe Feshbach, a market consultant for Yardeni Research.
&#8220;Couple this with the parabolic look in tech stocks and the market should be in for tough sledding for a while.&#8221;
Why It&#8217;s Important: The stock market has been on an extended run since the start of 2023, with the rally fueled primarily by mega-cap stocks as the artificial intelligence revolution took a firm hold. Given the overbought levels, the onus of sustaining the rally lies with the <a href="https://www.benzinga.com/money/best-small-cap-stocks">smid-cap stocks </a>that have been left behind in the recent rally. This in turn will hinge on the Federal Reserve relenting. 
The Federal Open Market Committee, the policy-setting arm of the central bank, is scheduled to hold a two-day meeting beginning on Tuesday. The futures market is pricing in only a 4% probability of a rate cut at the July meeting but a 100% probability of a September cut, with the highest probability (about 86%) accorded to a quarter-point cut.
This could serve to energize the rally going into the seasonally strong year-end period when the market benefits from a host of factors including year-end window-dressing by funds, investment of holiday bonuses and general holiday cheer. This time around the market move might also be influenced by the outcome of the general election.
The Street-high year-end target for the S&amp;P 500 Index is 6,000, which suggests roughly 10% upside from the current levels. 
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 S&amp;P 500 Index, ended Friday&#8217;s session at 544.44, up 1.12%, according to Benzinga Pro data. The exchange-traded fund has gained over 15% for the year-to-date period.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/07/40001872/homebuilder-stocks-rally-to-record-highs-on-rate-cut-frenzy-but-housing-sales-still-struggle">Homebuilder Stocks Rally To Record Highs On Rate-Cut Frenzy But Housing Sales Still Struggle</a></li>
</ul>
Photo via Shutterstock

NFLX

S&P 500 Likely To End Year Strong, But Election Uncertainty May Cause Short-Term Volatility, Says Yardeni: 3 Key Factors Investors Are Watching

SpaceX CEO Elon Musk said on Saturday that its rival Boeing Co. is awarded government contracts in the <a href="https://www.benzinga.com/news/24/07/39979702/return-of-astronauts-aboard-boeings-starliner-uncertain-even-after-50-days-of-launch-nasa-hints-at-p">space segment</a> owing to their &#8220;armies of lobbyists&#8221; despite safety concerns around its commercial plane segment.
What Happened: &#8220;They have armies of lobbyists,&#8221; Musk wrote in response to an X user who wondered why Boeing is awarded big contracts from the government despite the issues flagged with its passenger flight segment. 
&#8220;Not sure why Boeing (given their track record with passenger flights) is given such contracts when SpaceX (given their track record with launches) is just vastly superior,&#8221; Dhaval Shroff wrote. Shroff is also an employee at Musk&#8217;s Tesla. 
<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">They have armies of lobbyists
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1817403167232987374?ref_src=twsrc%5Etfw">July 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The comments on Boeing&#8217;s alleged incompetence relative to SpaceX come amid safety issues plaguing its commercial airplane segment and technical issues identified with its Starliner spacecraft.
Boeing <a href="https://www.benzinga.com/news/24/06/39473620/a-month-back-elon-musk-said-boeing-was-weighed-down-by-too-many-non-technical-managers-fast-forward">launched its Starliner spacecraft </a>in early June with two astronauts &#8211; Sunita Williams and Butch Wilmore. Though they were initially estimated to return on June 14, the return dates have been delayed time and again owing to issues of helium system leaks and thruster performance identified with the Starliner spacecraft while docking with the International Space Station (ISS.)
NASA is currently trying to study the risks associated with these issues before returning the astronauts.
Last week, NASA&#8217;s Commercial Crew Program manager&nbsp;Steve Stich said that they haven&#8217;t ascertained a return date yet. While the focus is on returning the astronauts aboard Starliner itself, using SpaceX&#8217;s Dragon spacecraft to return the astronauts in case the Starliner can&#8217;t is also a possibility, Stich said. 
Why It Matters: NASA awarded both Boeing and SpaceX contracts to enable transportation to and from the ISS after retiring its space shuttle.&nbsp;SpaceX sent its first crewed mission to the ISS in 2020 on its Dragon spacecraft and has since then undertaken multiple missions,&nbsp;<a href="https://www.benzinga.com/news/24/05/38664485/spacex-ceo-elon-musk-blames-boeings-starliner-delay-on-too-many-non-technical-managers" target="_blank" rel="noreferrer noopener">overtaking its traditional rival</a>.
Boeing's Starliner spacecraft has been marred by&nbsp;<a href="https://www.benzinga.com/markets/equities/24/05/38659763/boeings-starliner-crewed-test-flight-postponed-due-to-technical-issue-continuing-challenges-in-s" target="_blank" rel="noreferrer noopener">several delays</a>&nbsp;since the start. The spacecraft was supposed to have its first uncrewed test flight in 2015 which was delayed up to 2019. The spacecraft then failed to achieve its intended orbit. In 2022, the spacecraft completed its first successful uncrewed flight to the International Space Station.
If the ongoing crewed flight test is successful, Boeing will become the next private company to shuttle astronauts to and from the ISS for NASA, like SpaceX.
Musk has previously pegged the delay on Starliner on "<a href="https://www.benzinga.com/news/24/05/38664485/spacex-ceo-elon-musk-blames-boeings-starliner-delay-on-too-many-non-technical-managers">too many non-technical managers</a>" at Boeing.
"Although Boeing got $4.2 billion to develop an astronaut capsule and SpaceX only got $2.6 billion, SpaceX finished 4 years sooner," Musk said in May. "Too many non-technical managers at Boeing."
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39977028/elon-musks-spacex-to-resume-launch-operations-two-weeks-after-mishap-involving-20-starlink-satellite" target="_blank" rel="noreferrer noopener">Elon Musk's SpaceX To Resume Launch Operations Two Weeks After Mishap Involving 20 Starlink Satellites</a></li>
</ul>
Photos courtesy: Shutterstock and NASA

SPACE

Boeing Wins Space Mission Contracts Owing To Its 'Armies Of Lobbyists,' Says SpaceX CEO Elon Musk Amid Starliner Return Delay

Melinda French Gates criticized the philanthropic efforts of billionaires like Tesla Inc. CEO Elon Musk and Palantir Technologies co-founder Peter Thiel, stating that they are not doing enough to give back to society.
What Happened: French Gates, co-chair of the Gates Foundation, expressed her views on the philanthropic efforts of the new generation of billionaires, including Musk and Thiel, in an <a href="https://www.nytimes.com/2024/07/28/magazine/melinda-french-gates-interview.html">interview</a> with The New York Times. She stated that these billionaires primarily use their &#8220;megaphones.&#8221;
Melinda was asked about the generational differences between older billionaire activists like Warren Buffett, Bill Gates, and herself, who have a traditional approach to philanthropy, and the newer generation of activists such as Musk, Jack Dorsey, the co-founder of Twitter, Bill Ackman, the CEO of Pershing Square, and Thiel. The question raised whether there is a noticeable shift among the superwealthy in how they perceive and utilize their influence in society.
When asked about the philanthropic approach of these &#8220;billionaire activists,&#8221; French Gates responded, &#8220;Well, the people you just named have not been very philanthropic yet. They use their voice and they use their megaphones, but I would not call those men philanthropists.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/07/40001800/musk-appears-to-violate-own-social-media-platforms-guidelines-posts-manipulated-video-of-kamala-harr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Appears To Violate Own Social Media Platform&#8217;s Guidelines, Posts Manipulated Video of Kamala Harris</a>
She also addressed Musk&#8217;s criticism of her political endorsements, calling it &#8220;silly.&#8221; French Gates endorsed President Joe Biden in the 2024 election and has since endorsed Vice President Kamala Harris, emphasizing the need for a leader who will advocate for abortion rights.
Why It Matters: Musk has criticized French Gates&#8217; political activities in the past. In June, <a href="https://www.benzinga.com/news/24/06/39443853/elon-musk-thinks-scorned-billionaire-wife-to-democrat-activist-could-be-downfall-of-western-civiliza">he took to X</a> to express his views on French Gates&#8217; political leanings and her support for President Biden, hinting at a potential impact on Western civilization. This was after French Gates announced her intention to endorse Biden in the 2024 election.
French Gates has been an outspoken advocate for women&#8217;s rights and reproductive rights in the United States. After the U.S. Supreme Court overturned Roe v. Wade, she emphasized the <a href="https://www.benzinga.com/news/24/06/39392292/melinda-french-gates-voting-for-biden-not-trump-in-2024-election-cannot-vote-for-a-man-who-rolls-bac">importance of these issues in the 2024 election</a> and announced her support for Biden, stating that she &#8220;cannot vote for a man who rolls back women&#8217;s reproductive rights.&#8221;
French Gates&#8217; philanthropic efforts and advocacy for women&#8217;s rights have been a significant focus since her divorce from Bill Gates in 2021. After playing a prominent role in the Gates Foundation, she recently announced her <a href="https://www.benzinga.com/news/24/05/38798008/melinda-french-gates-to-resign-as-gates-foundation-co-chair-plans-to-continue-her-own-philanthropic">intention to step down</a> as co-chair to pursue her own philanthropic projects.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39977576/tesla-says-using-wet-cloth-on-supercharger-cables-does-not-increase-charging-speeds-warns-customers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Says Using Wet Cloth On Supercharger Cables Does Not Increase Charging Speeds, Warns Customers Of &#8216;Risk Of Overheating Or Damage&#8217;</a></li>
</ul>
Photos courtesy: Shutterstock and Wikimedia
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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Elon Musk, Peter Thiel, Bill Ackman Not 'Philanthropists' According To Melinda French Gates: 'They Use Their Voice And Megaphones,' Draws Difference Between Old Billionaires Warren Buffett And Bill Gates

McDonald's Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) will release its second-quarter financial results, before the <a href="https://www.benzinga.com/quote/MCD/earnings">opening bell on Monday, July 29.</a>
Analysts expect quarterly earnings at $3.07 per share. That's down from $3.17 per share in the year-ago period. McDonald's expects to post revenue of $6.61 billion, compared to $6.27 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
McDonald's just declared a quarterly cash dividend of $1.67 per share of common stock payable on Sept. 17 to shareholders of record on Sept. 3.
McDonald's shares rose 0.2% to close at $252.00 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MCD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Stifel analyst Chris O'Cull maintained a Hold rating and cut the price target from $285 to $265 on July 22. This analyst has an accuracy rate of 73%.</li>
<li>Citigroup analyst Jon Tower maintained a Neutral rating and slashed the price target from $297 to $280 on July 16. This analyst has an accuracy rate of 72%.</li>
<li>Deutsche Bank analyst Lauren Silberman maintained a Buy rating and cut the price target from $310 to $295 on July 16. This analyst has an accuracy rate of 73%.</li>
<li>JP Morgan analyst John Ivankoe maintained an Overweight rating and slashed the price target from $300 to $290 on July 10. This analyst has an accuracy rate of 72%.</li>
<li>Truist Securities analyst Jake Bartlett maintained a Buy rating and slashed the price target from $320 to $300 on July 9. This analyst has an accuracy rate of 73%.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39984459/top-3-risk-off-stocks-that-are-set-to-fly-in-july">Top 3 Risk Off Stocks That Are Set To Fly In July</a></li>
</ul>

McDonald's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

In a report released on June 24, Julian Braganza from Goldman Sachs maintained a Hold rating on Steadfast Group Limited (1S6 – Research Report), wi...

Steadfast Group Limited (1S6) Gets a Hold from Goldman Sachs

Steadfast Group Limited (AU:SDF) has released an update. Superannation and Investments HoldCo Pty Ltd has ceased to be a substantial holder in Stea...

Steadfast Group Sees Major Shareholder Exit

Steadfast Group Limited (AU:SDF) has released an update. KKR entities, including Comet Asia Holdings and KKR Asian Fund, have ceased to be substant...

KKR Entities Exit Steadfast Group Holdings

Steadfast Group Limited (AU:SDF) has released an update. Superannuation and Investments HoldCo Pty Ltd, along with its related entities, has emerge...

Steadfast Group Gains New Major Shareholder

Steadfast Group Limited (AU:SDF) has released an update. Steadfast Group Ltd has announced a significant change in shareholding as the KKR Entities...

KKR Entities Acquire 5% Stake in Steadfast Group

Perenti Global (AU:PRN) has released an update. Perenti Global has announced the cessation of 14,235,417 of its ordinary fully paid securities foll...

Perenti Global Completes Share Buy-Back

Steadfast Group Limited (AU:SDF) has released an update. Steadfast Group Limited has announced that it will release its financial year 2024 results...

Steadfast Group Set to Unveil FY24 Results

Steadfast Group Limited (AU:SDF) has released an update. Superannuation and Investments HoldCo Pty Ltd, along with its related entities listed in a...

Steadfast Group Limited (AU:SDF) has released an update. KKR Entities, comprising Comet Asia Holdings I and II, KKR Asia III Fund Investments, and ...

KKR Entities End Substantial Holding in Steadfast Group

Steadfast Group Limited (AU:SDF) has released an update. State Street Corporation has emerged as a substantial holder in Steadfast Group Limited, w...

The Only Monthly Membership With a Positive ROI!

-

-

-

-

-

-

-

The Only Monthly Membership With a Positive ROI!

-

-

-

-

-

-

-

Comments

Perenti

News

Latest news for Perenti (OTC:AUSDF) Stock