Blue Water Global Group Stock (OTC: BLUU)

Latest news for Blue Water Global Group (OTC:BLUU) Stock

Blue Water Global Group Inc is engaged in the business of developing a chain of casual dining restaurants in tourist destinations throughout the Caribbean region as well as selling a line of rums in St. Maarten, Dutch west Indie and Anguilla, British west indies. The firm is also involved in making strategic equity investments in businesses that are in the early stages. The company markets and sells its products under the Blue Water brand name. Its products include blue water bar and grill restaurants and blue water ultra-premium rum, blue water Caribbean gold rum.

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BLUE WATER GLOBAL GRP INC by Blue Water Global Group, Inc.

Blue Water Global Group Inc

The Q4 earnings report for Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) was released on Friday, January 17, 2025 at 07:30 AM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
Webster Finl beat estimated earnings by 6.0%, reporting an EPS of $1.43 versus an estimate of $1.35.
Revenue was up $37.45 million from the same period last year.
<h3>Overview of Past Earnings</h3>
In the previous quarter, the company missed on EPS by $0.01, resulting in a 2.0% drop change in the share price the following day.
Here's a look at Webster Finl's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.35</td>
<td>1.34</td>
<td>1.41</td>
<td>1.46</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.34</td>
<td>1.26</td>
<td>1.35</td>
<td>1.46</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>595.17M</td>
<td>589.41M</td>
<td>616.79M</td>
<td>603.11M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>589.88M</td>
<td>572.30M</td>
<td>567.74M</td>
<td>571.02M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Webster Finl <a href="https://www.benzinga.com/quote/WBS/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Webster Finl Q4 Earnings Assessment

The U.S. Food and Drug Administration (FDA) has granted marketing authorization for 20 nicotine pouch products from ZYN, a <a href="https://www.benzinga.com/pressreleases/25/01/b43037438/fda-authorizes-all-zyn-nicotine-pouch-products-currently-marketed-by-swedish-match-in-the-u-s">brand of nicotine products</a> from Philip Morris International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>). 
The ZYN nicotine pouches, small sachets containing nicotine meant to be placed between the gum and lip, are the first products of their kind to gain FDA approval.
This decision follows an extensive review, confirming that the ZYN nicotine pouches comply with the public health criteria set by the 2009 <a href="https://www.fda.gov/news-events/press-announcements/fda-authorizes-marketing-20-zyn-nicotine-pouch-products-after-extensive-scientific-review#:~:text=Today%2C%20the%20U.S.%20Food%20and,following%20an%20extensive%20scientific%20review.">Family Smoking Prevention and Tobacco Control Act</a>.
These standards assess the risks and benefits of tobacco products, especially concerning the overall population&#8217;s health.
The FDA&#8217;s assessment showed that these products present lower health risks than cigarettes and other smokeless tobacco items such as snus and moist snuff, due to their reduced levels of harmful chemicals. 
FDA specialists noted that these products could be beneficial for adults who fully transition from cigarettes and smokeless tobacco. 
The FDA also observed that, despite the rise in sales of these products in recent years, the likelihood of youth usage remains minimal.
Also Read: <a href="https://www.benzinga.com/news/25/01/43023778/gm-vianode-strike-multi-billion-anode-graphite-supply-deal-details">GM, Vianode Strike Multi-Billion Anode Graphite Supply Deal: Details</a>
The 2024 National Youth Tobacco Survey revealed that just 1.8% of U.S. middle and high school students reported using nicotine pouches.
"It's critical that the manufacturer market these products responsibly to prevent youth use," said director of the FDA's Center for Tobacco Products, Brian King.
Strict rules have been established to guarantee that ZYN nicotine pouch ads are directed solely at adults aged 21 and over.
The FDA also specified further precautions, including restricting mass media advertising and mandating that actors in commercials be at least 35 years old or made to appear that age. 
Additionally, the FDA emphasized that although these products are approved for sale, they are not deemed safe and the agency will keep monitoring their effect on public health.
The approved nicotine pouch products include flavors such as ZYN Chill, ZYN Cinnamon, ZYN Cool Mint and others, each available in 3 mg and 6 mg strengths.
The FDA&#8217;s approval applies solely to these products and does not cover other nicotine pouches or similar items made by ZYN.
The company is not allowed to assert reduced risk claims for these products unless it files a separate application for a modified risk tobacco product.
Price Action: PM shares closed higher by 1.08% at $119.80 on Thursday.
Photo: Shutterstock

ZYN Nicotine Pouches Receive FDA Marketing Approval

President Joe Biden has granted clemency to nearly 2,500 non-violent drug offenders as his last hours in the White House wind down. 
"Today, I am commuting the sentences of nearly 2,500 people convicted of non-violent drug offenses who are serving disproportionately long sentences compared to the sentences they would receive today under current law, policy, and practice," Biden said in a <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2025/01/17/statement-from-president-joe-biden-on-additional-clemency-actions/">statement</a> Friday. "Today's clemency action provides relief for individuals who received lengthy sentences based on discredited distinctions between crack and powder cocaine, as well as outdated sentencing enhancements for drug crimes." 
No word yet as to whether <a href="https://www.benzinga.com/news/legal/24/11/42177984/joe-biden-how-about-pardoning-non-violent-cannabis-prisoners-along-with-those-thanksgiving-turkeys">non-violent cannabis prisoners</a> will be involved in this group of people receiving commutations.
Read Also:<a href="https://www.benzinga.com/government/regulations/25/01/43040086/nra-warns-of-legal-confusion-over-guns-and-cannabis"> NRA Warns Of Legal Confusion Over Guns And Cannabis: Could Fed Ban Expand?</a>
The clemency is expected to benefit federal prisoners who are serving or were convicted of crack cocaine-related crimes, <a href="https://www.npr.org/2025/01/17/g-s1-41788/biden-pardons-commutations-drug-sentences">noted</a> NPR. The White House said these individuals had received sentences that were longer than they would be under today's drug policies and laws.
Biden told USA Today in a Jan. 8 interview that he would likely address sentencing disparities for offenses involving crack cocaine. &#8220;This action is an important step toward righting historic wrongs, correcting sentencing disparities, and providing deserving individuals the opportunity to return to their families and communities after spending far too much time behind bars,&#8221; he told Susan Page.
The Biden administration often criticized President Ronald Reagan's Anti-Drug Abuse Act that led to the arrest and imprisonment of thousands, a vast majority Black people. Due to automatic sentencing requirements, some people spent decades behind bars for possessing crack or cocaine.
Biden <a href="https://www.benzinga.com/24/12/42258387/biden-grants-full-and-unconditional-pardon-to-hunter-i-hope-americans-will-understand">granted a full and unconditional pardon</a> to his son Hunter Biden in early December 2024, drawing criticism from Democrats and Republicans and many in <a href="https://www.benzinga.com/24/12/42346107/critics-urge-biden-to-free-non-violent-pot-offenders-after-pardoning-son">the cannabis community</a>.
Just two weeks after his son's pardon, Biden <a href="https://www.benzinga.com/news/legal/24/12/42466804/biden-commutes-1500-sentences-grants-39-pardons-pot-prisoners-included-marks-single-day-record">commuted the sentences</a> of nearly 1,500 individuals and pardoned 39 others convicted of nonviolent offenses.
Biden has said he would consider additional pardons, <a href="https://www.nytimes.com/2025/01/17/us/politics/biden-commute-sentences-drug-offenders.html">according</a> to the NY Times, which could include preemptive pardons for former elected officials who President-elect Donald &nbsp;Trump has indicated he may target. &nbsp;
Now Read:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/43042694/president-trumps-endorsement-represents-a-sea-change-in-cannabis-policy-says-trulieve-ceo-as-advocacy-groups-join-forces">&#8216;President Trump&#8217;s Endorsement Represents A Sea Change In Cannabis Policy,&#8217; Says Trulieve CEO As Advocacy Groups Join Forces</a></li>
</ul>
Photo: Shutterstock

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Biden Commutes Sentences Of Nearly 2,500 Convicted of Non-Violent Drug Offenses, No Mention Of Cannabis Prisoners

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Partnership will drive deployment of edge-enabled technologies in smart commercial buildings while reducing the need for extensive cloud infrastructure
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.veea.com%2F&amp;esheet=54181673&amp;newsitemid=20250117751306&amp;lan=en-US&amp;anchor=Veea+Inc.&amp;index=1&amp;md5=85fc3b7864e30015d4ce61f07ddef34d">Veea Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>), a pioneer in edge computing and AI-driven solutions, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.lynxspring.com&amp;esheet=54181673&amp;newsitemid=20250117751306&amp;lan=en-US&amp;anchor=Lynxspring%2C+Inc.&amp;index=3&amp;md5=0fdee76b2a830501c4c5fe1394fb25bc">Lynxspring, Inc.</a>, a premier manufacturer, developer, and provider of open software and hardware platforms for smarter buildings, smart equipment and device-to-enterprise integration and automation, announced they have partnered to jointly rollout technologies and solutions that simplify data management, improve operational efficiency, and enable real-time decision-making for building owners and operators.
The combined offering leverages Veea's edge computing capabilities alongside Lynxspring's advanced edge-to-cloud building management and data management solutions to create a comprehensive ecosystem for managing smart environments, including buildings, campuses, agriculture, and cities. This integration of edge-to-enterprise technologies normalizes both wired and wireless endpoints, expanding the available dataset to provide greater actionable insights across all market use cases.

Veea and Lynxspring Announce Collaborative Strategic Partnership To Accelerate Edge-To-Cloud And Containerization Opportunities

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