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Brookfield Office Props (OTC:BRKFF) Stock, Option Chain

Brookfield Office Properties Inc is a real estate investment firm. It acts as owner, operator, and developer of office and multifamily assets. The office property division defines the skylines of dynamic cities around the world, including gateway cities such as New York, London, Berlin, Toronto, and Sydney and the multifamily business owns, develops, renovates and manages approximately 40,000 high-quality rental apartment buildings in supply constrained markets of major cities such as New York and London, as well as high growth markets in the suburban U.S. In addition, it caters to tenants in financial services, government, and energy and resource sectors.

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Brookfield Office Properties Inc

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) might need to undergo a costly and time-consuming update process to ward off the threat from quantum computing in the future, according to a Tuesday report that cited a study.
What Happened: The study, led by&nbsp;the University of Kent's School&nbsp;of Computing, estimated that a protocol update to protect Bitcoin from quantum computing threats would require taking the cryptocurrency offline for about 76 days provided 100% of the bandwidth is committed to the process, Forbes <a href="https://fortune.com/2024/12/17/bitcoin-downtime-update-quantum-computing-attack-study/">reported</a>.
However, if 25% of the bandwidth is allowed, which would allow users to continue mining and trading at a slower pace, the update would take nearly 305 days or 10 months.
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/12/42545829/mark-cuban-expresses-sympathy-for-hawk-tuah-girl-amid-meme-coin-controversy-wasnt-something-she-fully-understood">Mark Cuban Expresses Sympathy For &#8216;Hawk Tuah&#8217; Girl Amid Meme Coin Controversy: &#8216;Wasn&#8217;t Something She Fully Understood&#8217;</a>
In the scenario of 76 days of downtime, the update could cost around $912 million, the report estimated.
The more feasible 305-day downtime would lead to increased transaction fees and slower transaction confirmation times, leading to decreased market confidence.
The study found that Bitcoin had no other option but to replace the currently used cryptographic algorithm with the so-called "post-quantum" technology, which is immune to quantum attacks, and not doing so would be &#8220;devastating.&#8221;
Why It Matters: The increase in threat perception to Bitcoin&#8217;s encryption comes in the wake of Google&#8217;s new &#8220;Willow&#8221; quantum computing chip, which can <a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate">perform computations in five minutes</a> that would take supercomputers 10 septillion years to complete. 
However, some experts believe that the threat to Bitcoin&#8217;s security is still a distant one. Himanshu Maradiya, the CEO of CIFDAQ, a blockchain ecosystem company, <a href="https://www.benzinga.com/markets/equities/24/12/42420845/googles-quantum-willow-chip-lightyears-from-cracking-bitcoin-expert">stated that the chip was &#8220;lightyears away</a>&#8221; from breaking Bitcoin&#8217;s security.
Well-known technologist Jameson Lopp had <a href="https://x.com/lopp/status/1854437031767687613">said </a>earlier that the inviolable properties of Bitcoin would eventually be violated.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42538067/bitcoin-president-nayib-bukele-sends-greetings-to-french-member-of-eu-parliament-calling-for-a-european-bitcoin-reserve">&#8216;Bitcoin President&#8217; Nayib Bukele Sends &#8216;Greetings&#8217; To French Member Of EU Parliament Calling For A European Bitcoin Reserve</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

News

Markets

$BTC

GOOGL

Bitcoin Could Require Over 300 Days Of Downtime To Prepare It For The Quantum Era, Shows Study Amid Google 'Willow' Chip Concern

Macro Economic Events

Econ #s

Economics

U.K. Producer Price Index (PPI) Input (MoM) For November 0.0% Vs. 0.2% Est.; 0.1% Prior

U.K. Consumer Prices Index Including Owner Occupiers' Housing Costs (YoY) For November 3.5% Vs. 3.2% (Revised) Prior

U.K. Consumer Price Index (YoY) For November 2.6% Vs. 2.6% Est.; 2.3% Prior

U.K. Consumer Price Index (MoM) For November 0.1% Vs. 0.1% Est.; 0.6% Prior

NWFL

Reported Earlier, Norwood Financial Prices $26M Public Offering Of 1M Common Shares At $26/Share

LAES

Reported Earlier, SEALSQ Prices Registered Offering Of 13.16M Shares At $1.90 Each, Raising $25M For Technology Innovation

<ul>
<li>China is the fourth major market where Kisunla has received approval&nbsp;</li>
<li>Kisunla was first approved in&nbsp;the United States&nbsp;in&nbsp;July 2024, approved in&nbsp;Japan&nbsp;in&nbsp;September 2024 and then in Great Britain in October 2024</li>
</ul>

Reported Earlier, China Approves Eli Lilly's Kisunla For Early Symptomatic Alzheimer's Disease, Following U.S., Japan, And Great Britain

On Tuesday, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella shared insights about the transformative impact of AI throughout 2024, with which Elon Musk agrees.
What Happened: Nadella posted a video on social media platforms like X, formerly Twitter and YouTube, in which he highlighted AI&#8217;s role in various sectors.
&#8220;At Microsoft, it&#8217;s never been about tech for tech&#8217;s sake, but it&#8217;s about translating innovation into real impact, one person, one organization, one community at a time,&#8221; he stated.
Nadella then noted that this year, AI has enabled cancer researchers to automate tasks, allowing them to concentrate on critical research. In Asia, aquafarmers have improved yields, while educators in the U.S. are realizing the dream of personal tutors for all students.
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42479401/nancy-pelosis-stock-pick-broadcom-shoots-15-in-friday-pre-market-as-broadcom-ceo-sees-opportunity-over-the-next-3-years-in-ai?itm_source=parsely-api">Nancy Pelosi&#8217;s Stock Pick Broadcom Shoots 15% In Friday Pre Market As Broadcom CEO Sees &#8216;Opportunity Over The Next 3 Years In AI&#8217;</a>
He expressed optimism about building on these advancements in the coming year, underscoring the era&#8217;s focus on using AI to unlock human potential.
In response to Nadella&#8217;s reflections, Musk simply replied, &#8220;True,&#8221; acknowledging the widespread influence of AI.
<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">True
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1869103426220752958?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The significance of AI&#8217;s impact in 2024 is underscored by the broader industry trends. Nvidia Corporation emerged as the <a href="https://www.benzinga.com/news/large-cap/24/11/41761849/nvidia-blows-past-apple-to-become-worlds-most-valuable-company">most valuable company</a> globally multiple times during the year.
However, predictions for 2025 <a href="https://www.benzinga.com/24/12/42319922/artificial-intelligence-ceo-backed-by-nvidia-alphabet-amazon-shares-2025-ai-predictions-including-robots-chemistry-and-more">suggest a potential shift</a>, with some companies possibly facing valuation cuts.
Earlier this month, Hugging Face CEO Clem Delangue shared bold AI predictions for 2025 foreseeing: the first major public protest sparked by AI, China taking the lead in AI innovation, and breakthroughs in AI applications for biology and chemistry, among others.
According to IDC forecasts, global spending on AI-enabling technology will reach $337 billion by 2025.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42525551/ahead-of-trumps-return-to-white-house-us-approves-406m-grant-for-taiwans-chipmaker-globalwafers?itm_source=parsely-api">Ahead Of Trump&#8217;s Return To White House, US Approves $406M Grant For Taiwan&#8217;s Chipmaker GlobalWafers</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Tech

MSFT

Elon Musk Agrees With Satya Nadella As Microsoft CEO Reflects On 'Incredible Speed' Of AI Diffusion In 2024

PMNT

Reported Earlier, Perfect Moment Receives NYSE American Non-Compliance Notice For Stockholders' Equity

AFRM

Reported Earlier, Affirm Holdings Prices Upsized Private Offering Of $800M 0.75% Convertible Senior Notes Due 2029

Elon Musk&#8216;s rocket manufacturing company SpaceX reportedly lost ground control for at least an hour during the <a href="https://www.benzinga.com/news/24/09/40787779/spacex-launches-polaris-dawn-crew-to-space-with-aim-of-first-ever-private-spacewalk">Polaris Dawn mission</a> in September which included the first-ever private spacewalk.
What Happened: The loss of ground control was caused by a power outage at a California facility of SpaceX, according to a report by Reuters, which cited three people familiar with the matter.
The SpaceX mission control was unable to command its Dragon spacecraft in orbit during the outage but the vehicle remained safe and maintained some communication with the ground with the help of the company&#8217;s Starlink satellite network, the report added. 
The power outage triggered by a power surge disabled the mission headquarters in Hawthorne and also hit servers that host procedures meant to overcome an outage and stopped the company from transferring mission control to a backup facility in Florida, the report said.
Reuters, however, couldn&#8217;t determine if the company informed the Federal Aviation Administration (FAA) about the outage. However, as per one of the agency&#8217;s sources, the company did notify NASA while adding that the problem has been resolved and will not be an issue in future missions. 
As per present regulations, private space missions are not regulated by U.S. law and private operators need not disclose mishaps in orbit owing to a moratorium approved by Congress in 2004, Reuters noted. 
Reuters could also not determine the exact time and duration of the outage. However, as per two of the agency&#8217;s sources, it happened before the planned spacewalk and lasted at least an hour. However, the astronauts were trained to control the spacecraft themselves in the event they lost contact with the ground, the report noted. 
Prior to the Polaris Dawn crew&#8217;s launch into space, Musk had said in a post on social media platform X that it was &#8220;triple-checking everything&#8221; to ensure there was nothing more it could do for crew safety. 
Why It Matters: The five-day Polaris Dawn mission included a spacewalk carried out by private astronauts including billionaire and Shift4 Payments CEO Jared Isaacman. President-elect Donald Trump nominated Isaacman to be <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42323934/shift4-payments-stock-drops-after-ceo-jared-isaacmans-nasa-nomination-whats-going-on">administrator of NASA</a> earlier this month. The nomination must be confirmed by the Senate before Isaacman is appointed.
As part of the mission, Isaacman&nbsp;and fellow crew member&nbsp;Sarah Gillis&nbsp;separately exited&nbsp;SpaceX‘s Dragon spacecraft into the vacuum of space at an altitude of 435 miles (700 km) on Sept. 12, marking the&nbsp;<a href="https://www.benzinga.com/news/24/09/40787779/spacex-launches-polaris-dawn-crew-to-space-with-aim-of-first-ever-private-spacewalk" target="_blank" rel="noreferrer noopener">first-ever private spacewalk.</a>
While space agency NASA routinely conducts extravehicular activities with government astronauts, no commercial player or civilians attempted it before, making Polaris a landmark mission for SpaceX and commercial spaceflight companies.
Trump in November named Musk to co-lead a government efficiency commission aimed at bringing down government bureaucracy, slashing excess regulations, cutting waste expenditures, and restructuring federal agencies. 
The billionaire is likely to further slash regulations in the private space exploration sector in his new role given that he has previously slammed the FAA for delaying SpaceX missions and even called for the <a href="https://www.benzinga.com/news/24/09/41041586/spacex-ceo-elon-musk-calls-for-resignation-of-faa-administrator-mike-whitaker">resignation of the agency&#8217;s leadership</a>.
In September, Musk called for &#8220;radical reform&#8221; at the FAA to enable SpaceX&#8217;s vision for taking humans to Mars. &#8220;The fundamental problem is that humanity will forever be confined to Earth unless there is radical reform at the FAA!,&#8221; Musk wrote in a post on X.
Check out more of Benzinga'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 Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/12/42523006/new-passenger-vehicles-in-us-to-sound-warnings-if-rear-passengers-dont-fasten-seat-belts" target="_blank" rel="noreferrer noopener">New US Cars To Sound Warnings If Rear Passengers Fail To Fasten Seat Belts: ‘More We Can Do To Make Sure Everyone Buckles Up&#8217;</a></li>
</ul>
Photo courtesy: NASA/SpaceX

Regulations

SPACE

SpaceX Lost Ground Control On Dragon Spacecraft During Polaris Dawn Mission Due To Power Outage At California Facility: Report

Food delivery platform Grubhub must pay $25 million and make substantial operational changes following a settlement with the Federal Trade Commission and Illinois Attorney General Kwame Raoul over <a href="https://www.benzinga.com/news/global/24/11/41962459/just-eat-takeaway-sells-grubhub-to-wonder-for-650m-marking-strategic-exit-from-us-market">allegations of deceptive business practices</a>, officials announced Tuesday.
What Happened: The settlement resolves charges that Grubhub deceived customers about delivery costs, misled drivers about potential earnings, and listed restaurants on its platform without permission. According to the FTC&#8217;s complaint, the company had listed up to 325,000 unaffiliated restaurants &#8211; more than half of its total listings.
&#8220;Our investigation found that Grubhub tricked its customers, deceived its drivers, and unfairly damaged the reputation and revenues of restaurants that did not partner with Grubhub—all in order to drive scale and accelerate growth,&#8221; said FTC Chair Lina Khan in the announcement.
The settlement requires Grubhub to disclose true delivery costs and eliminate hidden fees. The company must also stop listing unaffiliated restaurants and provide evidence to support any driver earnings claims. For consumer accounts that were blocked, Grubhub must create an appeals process and ensure quick access to funds when blocks are removed.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42545419/bitcoin-ethereum-dogecoin-stay-muted-before-feds-interest-rate-decision-analyst-says-btc-in-parabolic-phase-reveals-its-duration">Bitcoin, Ethereum, Dogecoin Stay Muted Before Fed&#8217;s Interest Rate Decision: Analyst Says BTC In Parabolic Phase, Reveals Its Duration</a>
Why It Matters: Internal company documents cited in the complaint revealed executives knew their pricing strategy was &#8220;misleading&#8221; and &#8220;eroding trust.&#8221; In one market, the FTC found drivers earned a median of $10 per hour despite advertisements promising up to $40 per hour.
While the FTC originally sought a $140 million judgment, the final $25 million settlement reflects Grubhub&#8217;s reported inability to pay the full amount. Most of the settlement funds will go toward consumer refunds.
The case highlights growing regulatory scrutiny of gig economy platforms. &#8220;There is no &#8216;gig platform&#8217; exemption to the laws on the books,&#8221; Khan emphasized in her statement.
In November, Just Eat Takeaway.com (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JTKWY#OTC">JTKWY</a>) revealed the sale of its U.S. food delivery business, Grubhub, to Wonder Group at an <a href="https://www.benzinga.com/news/global/24/11/41962459/just-eat-takeaway-sells-grubhub-to-wonder-for-650m-marking-strategic-exit-from-us-market">enterprise value of $650 million</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42545204/marjorie-taylor-greene-pushes-to-sell-off-usps-amid-doge-momentum-we-need-to-privatize-ive-been-saying-it-for-years">Marjorie Taylor Greene Pushes To Sell Off USPS Amid DOGE Momentum: &#8216;We Need To Privatize&#8230;I&#8217;ve Been Saying It For Years&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Government

JTKWY

Grubhub Ordered To Pay $25 Million In Settlement Over Deceptive Practices: 'No Gig Platform Exemption To The Laws,' Says FTC Chair Lina Khan

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Dow Jones index falling for the 9th session in a row to record its longest losing streak since 1978.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 3.6% on Tuesday after Mizuho upgraded the stock from Neutral to Outperform and raised its price target from $230 to $515. However, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares fell around 1.2% during the session.
On the economic data front, U.S. retail sales rose 0.7% month-over-month in November compared to a revised 0.5% gain in the previous month and above market estimates of 0.5%. U.S. industrial production declined by 0.1% from the previous month in November compared to a 0.4% drop in October, versus market estimates of a 0.2% gain.
Most sectors on the S&amp;P 500 closed on a negative note, with industrials, energy, and financials stocks recording the biggest losses on Tuesday. However, consumer discretionary stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 268 points to 43,449.90 on Tuesday. The S&amp;P 500 fell 0.39% to 6,050.61, while the Nasdaq Composite declined 0.32% to close at 20,109.06 during Tuesday's session.
Investors are awaiting earnings results from General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>, )) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 51.8, the index was in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 54.4.
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: 
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<li><a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter">Top 2 Utilities Stocks That Could Sink Your Portfolio This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

Trading Ideas

NVDA

TSLA

Dow Records Longest Losing Streak Since 1978, Nvidia Declines: Fear & Greed Index In 'Neutral' Zone

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) to report quarterly earnings at $1.22 per share on revenue of $5.14 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. General Mills shares fell 0.3% to $65.75 in after-hours trading.</li>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) posted better-than-expected results for its second quarter on Tuesday. Worthington shares jumped 14.3% to $43.66 in the after-hours trading session.</li>
<li>Analysts expect Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) to post quarterly earnings at $1.88 per share on revenue of $6.61 billion before the opening bell. Jabil shares gained 0.2% to $134.20 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) reported worse-than-expected fourth-quarter sales results and announced plans for a strategic restructuring of operations including divestiture of certain business segments. Applied DNA Sciences shares dipped 9.6% to $0.2079 in the after-hours trading session.</li>
<li>Analysts expect Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) to post quarterly earnings at $1.76 per share on revenue of $8.72 billion. The company will release earnings after the closing bell. Micron shares gained 0.8% to $109.48 in the after-hours trading session.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter"> </a>
<ul>
<li><a href="https://www.benzinga.com/24/12/42531171/top-2-utilities-stocks-that-could-sink-your-portfolio-this-quarter">Top 2 Utilities Stocks That Could Sink Your Portfolio This Quarter</a></li>
</ul>
Photo courtesy: Micron

APDN

General Mills, Micron Technology And 3 Stocks To Watch Heading Into Wednesday

Azul S.A., &nbsp;wholly-owned subsidiary Azul Secured Finance LLP (the "Issuer") has commenced offers to Eligible Holders (as defined below) to exchange (such offers, the "Exchange Offers") (i) any and all of the outstanding 11.500% Senior Secured Second Out Notes due 2029 issued by the Issuer (the "Existing 2029 Notes") for newly issued 11.500% Senior Secured Second Out Notes due 2029 to be issued by the Issuer (the "New 2029 Notes") and (ii) any and all of the outstanding 10.875% Senior Secured Second Out Notes due 2030 issued by the Issuer (the "Existing 2030 Notes" and, together with the Existing 2029 Notes, the "Existing Notes") for newly issued 10.875% Senior Secured Second Out Notes due 2030 to be issued by the Issuer (the "New 2030 Notes" and, together with the New 2029 Notes, the "New Notes"), pursuant to the terms and subject to the conditions set forth in the confidential exchange offering memorandum and consent solicitation statement, dated December 17, 2024 in respect of the Exchange Offers and Solicitations (as defined below) regarding the New Notes (the "Offering Memorandum") &nbsp;Azul Secured Finance LLP (the "Issuer") has commenced an offer to Eligible Holders (as defined below) to exchange (such offer, the "Exchange Offer") any and all of the outstanding 11.930% Senior Secured First Out Notes due 2028 issued by the Issuer (the "Existing Notes") for newly issued 11.930% Senior Secured First Out Notes due 2028 to be issued by the Issuer (the "New Notes"), pursuant to the terms and subject to the conditions set forth in the confidential exchange offering memorandum and consent solicitation statement, dated December 17, 2024 in respect of the Exchange Offer and Solicitation (as defined below) regarding the New Notes (the "Offering Memorandum").

AZUL

Reported Earlier, Azul Announces Comprehensive Debt Refinancing Plan With New Senior Secured Notes And Key Amendments To Existing Indenture

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) CEO Alex Karp welcomed praise from billionaire investor Stanley Druckenmiller during JPMorgan&#8217;s Asset Managers CEO Forum which took place from Friday to Sunday, as the data analytics company&#8217;s stock continues its remarkable ascent.
What Happened: Druckenmiller, chairman and CEO of Duquesne Family Office, endorsed Karp&#8217;s new book &#8220;The Technological Republic,&#8221; <a href="https://www.youtube.com/watch?v=08wadxp9FnQ">calling</a> it &#8220;one of the most important books I&#8217;ve ever read.&#8221; The endorsement comes as Palantir&#8217;s stock has surged nearly 350% year-to-date, significantly outperforming broader market indices.
The interaction followed recent characterizations of Palantir as a &#8220;cult stock&#8221; by CNBC&#8217;s Jim Cramer, who grouped it with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) as companies whose loyal investor bases help them <a href="https://www.benzinga.com/news/24/12/42524611/jim-cramer-highlights-cult-stocks-like-tesla-palantir-netflix-as-2025-investment-strategy">outperform traditional valuation metrics</a>.
"A cult where I get no sexual benefits by the way. Just to be clear. It's a rare cult with no sex and very little drugs and we're not poisoning anyone,&#8221; Karp said. 
Druckenmiller&#8217;s family office has recently increased its stake in Palantir, purchasing 769,965 shares in the first quarter of 2024 after <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41388306/stanley-druckenmiller-crypto-is-pricing-in-trump-as-election-favorite-but-does-bitcoins-su">previously exiting its position in 2023</a>. The investment comes as Palantir&#8217;s artificial intelligence platform, AIP, gains traction among customers.
See Also: <a href="https://www.benzinga.com/24/12/42545204/marjorie-taylor-greene-pushes-to-sell-off-usps-amid-doge-momentum-we-need-to-privatize-ive-been-saying-it-for-years">Marjorie Taylor Greene Pushes To Sell Off USPS Amid DOGE Momentum: &#8216;We Need To Privatize&#8230;I&#8217;ve Been Saying It For Years&#8217;</a>
Why It Matters: Karp also said that Peter Thiel, Palantir&#8217;s co-founder, chose him as CEO because of his talent for recognizing and nurturing exceptional people. Thiel &#8220;is an artist in picking talent,&#8221; Karp said
The company&#8217;s market capitalization has now surpassed $169 billion, exceeding traditional defense contractor Lockheed Martin Corp. Wedbush Securities analyst Dan Ives remains bullish on Palantir, dubbing it the &#8220;Messi of AI&#8221; and predicting 2025 will be a <a href="https://www.benzinga.com/markets/equities/24/12/42522531/tesla-will-be-the-biggest-winner-in-the-trump-era-says-dan-ives-predicts-nasdaq-at-25000-in-18-months-get-the-popcorn-out">breakout year for the company&#8217;s AI platform</a>.
The stock&#8217;s surge comes despite recent insider sales, with CFO David Glazer and CTO Shyam Sankar selling $23 million and $367.9 million worth of shares respectively in December. Karp himself sold $132.8 million in shares last month, though these transactions represent <a href="https://www.benzinga.com/24/12/42538479/palantir-stock-rockets-350-ytd-but-insiders-cash-out-should-you-follow-suit">small portions of their overall holdings</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/12/42545757/ross-gerber-sees-earnings-to-beat-expectations-but-warns-investors-on-slower-pace-of-federal-reserve-rate-cuts-in-2025">Ross Gerber Asks Investors To Moderate Expectations On Fed Front In 2025: &#8216;Don&#8217;t Expect Much Lower Rates&#8217;</a></li>
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Palantir CEO Alex Karp. Photo by WEF on Flickr
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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