Latest news for CalciMedica (NASDAQ:CALC) Stock

CalciMedica

CalciMedica Inc is a clinical-stage biopharmaceutical company focused on developing therapies for life-threatening inflammatory diseases with high unmet need. Its proprietary technology targets the inhibition of calcium release-activated calcium channels designed to modulate the immune response and protect against tissue cell injury, with the potential to provide therapeutic benefits in life-threatening inflammatory diseases for which there are no approved therapies.

CALC


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Iterum Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRM#NASDAQ">ITRM</a>), (the Company), a company focused on delivering next generation oral and IV antibiotics to treat infections caused by multi-drug resistant pathogens in both community and hospital settings, today announced receipt of written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC informing the Company that its deficiency under Listing Rule 5550(b) has been cured and that the Company is in compliance with applicable continued listing requirements.
Based on the foregoing, the previously scheduled Nasdaq hearing before the Hearings Panel on November 21, has been cancelled. The Company will continue to be traded on The Nasdaq Capital Market.

ITRM

Iterum Therapeutics Regains Nasdaq Compliance

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PDD Holdings Executive Says We Have Seen An Overall Recovery In Consumption In The Second Half Of This Year; In Q3, The Release Of New Macroeconomic Policies In China Have Opened New Opportunities But Also New Challenges; To Stay Competitive, Co. Had To Incur 'Much Higher Costs Than Peers" Which Inevitably Impacts Profitability Now And Into The Future

WIIM

AAOI

Applied Optoelectronics shares are trading higher. The company filed a complaint for patent infringement against Eoptolink and is seeking monetary damages in the US district court for the northern district of California

Cantor Fitzgerald analyst C J Muse reiterates NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Overweight and maintains $175 price target.

Price Target

Reiteration

Analyst Ratings

NVDA

Cantor Fitzgerald Reiterates Overweight on NVIDIA, Maintains $175 Price Target

iCoreConnect (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCT#NASDAQ">ICCT</a>) reported quarterly losses of $(0.61) per share. This is a 12.96 percent decrease over losses of $(0.54) per share from the same period last year. The company reported $2.79 million in sales this quarter. This is a 39.05 percent increase over sales of $2.00 million the same period last year.

Earnings

ICCT

iCoreConnect Q3 EPS $(0.61) Down From $(0.54) YoY, Sales $2.79M Up From $2.00M YoY

DYAI

Dyadic Receives $3M Grant From Gates Foundation For Cell Line Development Of Monoclonal Antibodies For RSV And Malaria Using C1 Platform Technology

iCoreconnect Q3 Revenue $2.787M Up From $2.004M YoY

Vertically integrated cannabis company Cansortium Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/TIUM#CSE">TIUM</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTCQB">CNTMF</a>), operating under the FLUENT brand, launched the cannabis concentrate line, Hyer Kind. The Tampa-based multi-state operator notes that the new product is exclusively available at all FLUENT dispensaries across Florida.
Hyer Kind offers cured badder, crumble, and cured resin cartridges designed to support wellness routines and address the increasing interest in concentrates among medical marijuana patients in the Sunshine State.
&#8220;As FLUENT's first brand dedicated exclusively to concentrates, Hyer Kind marks a key milestone for us," stated Robert Beasley, CEO of Cansortium. "We are so proud to be associated with a quality brand like Hyer Kind and know consumers in Florida will be happy that this offering is now available in our stores. From the whole flower selection to the extraction methods, we're on a mission to set a new standard for concentrates by prioritizing flavor, quality, innovation and accessibility. It's our responsibility to meet patients where they are by expanding our offerings and providing diverse price points to ensure everyone has access to the products that suit their needs."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41381476/riv-capital-partners-with-cannabis-wholesale-platform-nabis-to-boost-new-york-distribution">https://www.benzinga.com/markets/cannabis/24/10/41381476/riv-capital-partners-with-cannabis-wholesale-platform-nabis-to-boost-new-york-distribution</a>
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
Hyer Kind products are developed to provide full-spectrum flavor derived from cannabis plants. The process involves selecting whole flowers and using hydrocarbon and solventless extraction techniques. Methods like live ice-water extraction are employed to maintain quality and potency for medical marijuana patients.
With plans to expand Hyer Kind into additional markets, including New York, its cured badder and resin cartridges (0.5g) are available exclusively to Florida patients for $50, with crumble priced at $45. FLUENT also plans to expand the brand's portfolio with additional concentrate options.
In October, the New York Cannabis Control Board <a href="https://www.benzinga.com/markets/cannabis/24/10/41282624/major-cannabis-merger-approved-in-new-york-can-weed-stock-investors-take-advantage">approved the merger</a> between Cansortium and RIV Capital. The merger, expected to close by the end of 2024, positions the combined company to take full advantage of<a href="https://www.benzinga.com/markets/cannabis/24/05/39094250/this-cannabis-merger-will-cover-25-of-u-s-population-cansortium-riv-capital-powered-by-scottsmir" target="_blank" rel="noreferrer noopener"> covering 25% of the U.S. population</a> with eight cultivation and processing facilities and 42 retail dispensaries.
Price Action
Cansortium shares closed Wednesday's market session 5.26% lower at $0.900 per share.
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Photo: Courtesy of fukume via Shutterstock,

Cannabis

Exclusives

CNTMF

CSE:TIUM

FLUENT Launches New Cannabis Concentrates Line For Medical Marijuana Patients In Florida

BYON

The Container Store Expects SPA Conditions With Beyond Inc. To Remain Unsatisfied; Pursues Additional Capital From Existing Lenders To Support Long-Term Growth And Strategic Initiatives

A Chinese state-backed company, Spacesail, is preparing to launch a satellite service in Brazil, posing a challenge to Elon Musk&#8216;s SpaceX operated satellite service, Starlink. This announcement aligns with Chinese President Xi Jinping&#8216;s visit to Brazil, where he signed an upgraded partnership with President Luiz Inácio Lula da Silva on Thursday.
What Happened: Spacesail, which specializes in&nbsp;high-speed internet services through low&nbsp;Earth orbit satellites, has teamed up with Brazilian state-owned&nbsp;Telebrás&nbsp;to offer&nbsp;satellite communications and broadband Internet&nbsp;services. The companies plan to evaluate demand in regions lacking fiber optic infrastructure, with the service expected to launch by 2026, according to a spokesperson from Brazil&#8217;s communications ministry.
This move comes amid tensions between Musk&#8217;s SpaceX and Brazilian authorities over alleged misinformation on Musk&#8217;s social media platform, X. Starlink, which controls nearly half of Brazil&#8217;s satellite internet market, was recently fined for failing to comply with court orders to remove extremist content. 
See Also: <a href="https://www.benzinga.com/news/24/11/42025443/elon-musk-reacts-after-brazilian-presidents-wife-swears-at-tesla-ceo-they-will-lose-the-next-lection?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Brazilian President&#8217;s Wife Swears At Tesla CEO: &#8216;They Will Lose The Next Election&#8217;</a>
This development occurs as the U.S. expresses concerns over China&#8217;s increasing influence in Latin America, a region traditionally dominated by Washington. Spacesail plans to deploy 15,000 satellites by 2030, having already launched 36 satellites this year,&nbsp;according to Chinese state media.
Why It Matters: The entry of Spacesail into the Brazilian market is part of a<a href="https://www.benzinga.com/news/24/08/40210259/china-challenges-elon-musks-spacex-starlink-with-its-own-internet-satellites-plans-to-deploy-648-sat"> broader strategy by China</a> to expand its satellite internet capabilities globally. In August, China launched its Thousand Sails project, aiming to deploy over 15,000 low-Earth orbit satellites to provide worldwide internet coverage. This initiative is seen as a direct challenge to Musk&#8217;s Starlink.
Meanwhile, Starlink has faced <a href="https://www.benzinga.com/news/24/09/40680467/after-x-ban-elon-musks-starlink-defies-brazilian-court-order-to-block-social-media-platform">regulatory challenges in Brazil</a>. In September, the Brazilian Supreme Court lifted a freeze on Starlink and X&#8217;s finances after the companies paid <a href="https://www.benzinga.com/24/09/40864550/brazils-supreme-court-lifts-freeze-on-starlink-and-xs-finances-after-elon-musks-companies-cough-up-3">$3.3 million in fines</a> related to non-compliance with court orders to block certain accounts accused of spreading misinformation. This legal battle has highlighted the complexities of operating in Brazil&#8217;s regulatory environment.
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Image via Shutterstock

Tech

General

Elon Musk's Starlink Faces New Competition As Chinese Satellite Firm Spacesail Enters Brazilian Market

The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) today announced estimated catastrophe losses for the month of October of $286 million or $226 million, after-tax, including $102 million, pre-tax, from Hurricane Milton and unfavorable reserve reestimates of $144 million, pre-tax, related to Hurricane Helene, primarily in Georgia, South Carolina and North Carolina. Total catastrophe losses for October year-to-date were $4.84 billion or $3.82 billion, after-tax.
Financial information, including material announcements about The Allstate Corporation, is routinely posted on <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.allstateinvestors.com&amp;esheet=54156377&amp;newsitemid=20241121771594&amp;lan=en-US&amp;anchor=www.allstateinvestors.com&amp;index=1&amp;md5=ebb1901d3c4b2d8298664d6bd8200ed5">www.allstateinvestors.com</a>.

Allstate Announces Estimated Catastrophe Losses For The Month Of October Of $286M Or $226M, After-Tax, Including $102M, Pre-Tax, From Hurricane Milton And Unfavorable Reserve Reestimates Of $144M, Pre-Tax, Related To Hurricane Helene, Primarily In Georgia, South Carolina And North Carolina. Total Catastrophe Losses For October Year-To-Date Were $4.84B Or $3.82B, After-Tax

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) goes lower. &#8220;It's just become too <a href="https://www.benzinga.com/quote/PEP/earnings">darn hard,&#8221; he added</a>.
On Oct. 8, PepsiCo reported mixed third-quarter results and lowered its 2024 organic revenue guidance. The company reported a third-quarter net revenue decline of 0.6% year-over-year to $23.319 billion and organic growth of 1.3%, missing the consensus estimate of $23.825 billion. Adjusted EPS of $2.31 beat the consensus estimate of $2.29.
Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) makes no money, Cramer said.
On Nov. 14, Intuitive Machines reported third-quarter revenue of $58.48 million, beating analyst estimates of $50.89 million, according to Benzinga Pro. Total revenue was up 359% on a year-over-year basis. The company reported a net loss of $80.44 million, versus net income of $14.31 million in the prior year's quarter.
Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) is &#8220;ok,&#8221; Cramer said. &#8220;Coterra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) is the way I like to do this thing.&#8221;
Occidental Petroleum reported quarterly adjusted earnings of $1.00 per share, beating the analyst consensus estimate of 74 cents. Quarterly revenue came in at $7.15 billion, missing the consensus estimate of $7.23 billion.
Cramer said Globe Life Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) is &#8220;fine. It's not exciting, it's not boring, it's just fine.&#8221;
On Nov. 18, Globe Life announced that its Board of Directors has approved an authorization to repurchase up to $1.8 billion of common stock under its existing stock repurchase program.
Price Action:
<ul>
<li>Intuitive Machines shares fell 3.9% to settle at $12.07 on Wednesday.</li>
<li>PepsiCo shares gained 1.3% to close at $158.74.</li>
<li>Occidental Petroleum shares gained 0.8% to close at $50.91.</li>
<li>Globe Life shares fell 0.5% to settle at $108.76 during the session.</li>
</ul>
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Image: Shutterstock

Media

CTRA

LUNR

Jim Cramer Predicts Pepsi Goes Lower: 'It's Just Become Too Darn Hard'

CLCO

Cool Company shares are trading lower. The company reported Q3 financial results.

Supporting NASA's Artemis Campaign And Commercializing Cislunar Space With Scalable Pay-By-The-Minute Services

Intuitive Machines Partners With Johns Hopkins APL To Advance Lunar Communications And Navigation Infrastructure

TBLA

Taboola.com shares are trading higher. The company's Form4 filing disclosed that Limon Zvi bought 214,789 shares of stock.

BNRG

Brenmiller Energy And TUTCO Heating Solutions Group Enter Manufacturing Agreement; TUTCO To Manufacture And Sell Resistive Heaters To Brenmiller For Brenmiller's bGen ZERO

Management

JJSF

J & J Snack Foods Appoints Shawn Munsell As CFO

Contracts

SIDU

Sidus Space And Reflex Aerospace Partner To Advance Dual-Use Satellite Development, Strengthening U.S. And European Space Infrastructure With Collaborative Launch Planned For 2025; No Financial Terms Disclosed

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