Latest news for Chesnara (OTC:CSNRF) Stock

Chesnara PLC acts as a Life Assurance and pension consolidator in the United Kingdom. The group investment markets include Australia, the UK, Hong Kong, Japan, and the USA. It provides unit-linked and non-linked contracts, which include death and morbidity benefits on whole life, endowment and term assurance basis as well as immediate annuity plans written from vesting pensions through its subsidiary. The Company has reportable segments which include UK (life insurance and pensions), Movestic (Swedish life and pensions), Waard Group (closed Dutch life insurance) and Scildon (open Dutch life insurance) Other group activities (parent company). It derives maximum revenue from the UK segment.

Chesnara PLC

Fortive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) will release its fourth-quarter financial results, before the opening bell, on <a href="https://www.benzinga.com/quote/ftv/earnings">Friday, Feb. 7, 2025.</a>
Analysts expect the Everett, Washington-based company to report quarterly earnings at $1.12 per share, up from 98 cents per share in the year-ago period. Fortive projects quarterly revenue of $1.63 billion, compared to $1.58 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 29, Fortive announced that its Board of Directors has appointed Sharmistha &#8220;Shar&#8221; Dubey as the Chair of the Board.
Fortive shares gained 0.4% to close at $79.84 on Thursday.
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/FTV/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>JP Morgan analyst Stephen Tusa maintained an Overweight rating and cut the price target from $92 to $90 on Jan. 15, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Barclays analyst Julian Mitchell maintained an Overweight rating and lowered the price target from $95 to $90 on Jan. 8, 2025. This analyst has an accuracy rate of 75%.</li>
<li>Wells Fargo analyst Joseph O'Dea maintained an Equal-Weight rating and raised the price target from $77 to $80 on Jan. 7, 2025. This analyst has an accuracy rate of 63%.</li>
<li>Truist Securities analyst Jamie Cook maintained a Buy rating and boosted the price target from $89 to $90 on Dec. 19, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Citigroup analyst Andrew Kaplowitz downgraded the stock from Buy to Neutral and slashed the price target from $92 to $86 on Dec. 9, 2024. This analyst has an accuracy rate of 84%.</li>
</ul>
Considering buying FTV stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="583" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07022804/image-2-15-1024x583.png" alt="" class="wp-image-770974" style="width:576px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07022804/image-2-15-1024x583.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07022804/image-2-15-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07022804/image-2-15-768x437.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07022804/image-2-15.png 1112w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:
<ul>
<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43526669/jim-cramer-says-dont-buy-this-financial-stock-at-this-level-let-it-come-in">Jim Cramer Says Don&#8217;t Buy This Financial Stock At This Level: &#8216;Let It Come In&#8217;</a></li>
</ul>

Earnings

News

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Fortive Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Today, Cadeler announces the signing of a Vessel Reservation Agreement (VRA) with Ocean Winds for the installation of the wind turbine generators (WTGs) at BC-Wind offshore wind farm in the Polish Baltic Sea. The potential value of the contract to be negotiated during the pendency of the VRA is estimated to be between EUR 48 million and EUR 56 million.

CDLR

Cadeler Expands Polish Offshore Wind Presence With New Vessel Reservation Agreement For BC-Wind

Peoples Financial Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIS#NASDAQ">PFIS</a>) reported quarterly earnings of $0.99 per share which missed the analyst consensus estimate of $1.46 by 32.19 percent. This is a 62.3 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $44.182 million which missed the analyst consensus estimate of $45.250 million by 2.36 percent. This is a 88.14 percent increase over sales of $23.484 million the same period last year.

Earnings Misses

PFIS

Peoples Financial Servs Q4 2024 Adj. EPS $0.99 Misses $1.46 Estimate, Sales $44.182M Miss $45.250M Estimate

Macro Economic Events

Econ #s

Economics

Germany Trade Balance For December 20.7B Vs. 17.0B Est.; 19.2B (Revised) Prior

Germany Industrial Production (MoM) For December -2.4% Vs. -0.7% Est.; 1.3% (Revised) Prior

U.K. Halifax House Price Index (YoY) For January 3.0% Vs. 3.4% (Revised) Prior

U.K. Halifax House Price Index (MoM) For January 0.7% Vs. 0.4% Est.; -0.2% Prior

Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.23 by 39.13 percent. This is a 62.16 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $401.800 million which missed the analyst consensus estimate of $426.900 million by 5.88 percent. This is a 10.71 percent decrease over sales of $449.986 million the same period last year.

MATW

Matthews International Q1 2025 Adj. EPS $0.14 Misses $0.23 Estimate, Sales $401.800M Miss $426.900M Estimate

Electric truck maker Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>), once a $30 billion company that surpassed Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) in market value, is preparing for a potential bankruptcy filing, marking one of the most dramatic downfalls in the electric vehicle industry&#8217;s history.
What Happened: The Phoenix-based company, which captivated Wall Street during the 2020 EV boom with its promises of revolutionary hydrogen-powered trucks, is now working with law firm Pillsbury Winthrop Shaw Pittman to explore restructuring options, The Wall Street Journal <a href="https://www.wsj.com/articles/hydrogen-truck-maker-nikola-explores-bankruptcy-filing-3233b9d2">reported</a>, citing sources.
Nikola&#8217;s meteoric rise symbolized the market&#8217;s once-boundless optimism for clean energy transportation. Its stock soared to an unprecedented $1,977 per share in Jun. 2020, according to data from <a href="http://pro.benzinga.com/dashboard">Benzinga Pro</a>, as investors bought into founder Trevor Milton&#8216;s vision of a zero-emission trucking future.
However, the dream began unraveling when short-seller Hindenburg Research exposed significant misrepresentations about the <a href="https://www.benzinga.com/markets/equities/25/01/43018900/from-adani-to-nikola-how-hindenburg-research-reshaped-short-selling-before-its-final-bow">company&#8217;s technology capabilities</a> in 2020.
Nikola did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/general/social-media/25/02/43552113/pinterests-ai-taste-graph-expands-75-as-meta-rival-hits-first-1-billion-revenue-quarter">Pinterest&#8217;s AI &#8216;Taste Graph&#8217; Expands 75% As Meta-Rival Hits First $1 Billion Revenue Quarter</a>
Why It Matters: The subsequent investigation led to Milton&#8217;s conviction on fraud charges in 2022 and a four-year prison sentence, dealing a devastating blow to the company&#8217;s reputation. Despite these setbacks, Nikola attempted to push forward, producing over 80 trucks – though at a staggering net loss of nearly $200 million in its latest quarter.
Now, with CFO Thomas Okray warning that cash reserves will only last until April 2025, the company&#8217;s fate hangs in the balance. A Nikola representative confirmed <a href="https://www.bloomberg.com/news/articles/2025-02-07/nikola-considers-bankruptcy-capping-ev-maker-s-wild-ride">to</a> Bloomberg that they are evaluating various options, including financial restructuring.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43550794/bitcoin-spikes-among-trump-media-etf-move-ethereum-dogecoin-drop-top-analyst-eyes-eth-at-14k-on-breakout">Bitcoin Spikes Among Trump Media ETF Move, Ethereum, Dogecoin Drop — Top Analyst Eyes ETH At $14K On Breakout</a></li>
</ul>
Image Via Shuttertock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

NKLA

Nikola, Once A $30 Billion EV Sensation, Struggles To Survive After Hindenburg Fallout And Mounting Losses

Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) has announced plans to introduce commercial quantum computing applications within the next five years, a timeline that challenges Nvidia&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Jensen Huang&#8216;s <a href="https://www.benzinga.com/markets/equities/25/01/42966492/jensen-huang-said-quantum-computing-is-20-years-away-but-nvidia-bets-big-on-strategic-hiring">20-year prediction.</a>
What Happened: Hartmut Neven, the head of Google Quantum AI, anticipates real-world applications of quantum computing to emerge within a five-year timeframe, potentially revolutionizing sectors such as materials science, drug creation, and energy alternatives. Neven shared his optimistic outlook on the future of quantum computing in an interview with Reuters on Wednesday.
&#8220;We're optimistic that within five years we'll see real-world applications that are possible only on quantum computers.&#8221;
Despite the uncertainty surrounding the timeline for quantum computing advancements, Google remains confident in its progress. By leveraging &#8220;qubits&#8221; to process multiple numbers at once, quantum computing has the potential to create machines thousands of times stronger than traditional computers. This promise has attracted considerable interest from governments and businesses, especially in fields such as cybersecurity, finance, and healthcare.
Since its inception in 2012, Google&#8217;s quantum computing program has made substantial progress. In December, Google announced its new chips had overcome&nbsp;a significant challenge in the industry. With quantum processors, Google solved a computing problem in minutes—something a conventional computer would take longer than the entire history of the universe to complete.
On Wednesday, Google&#8217;s quantum computing scientists revealed new progress toward their five-year goal in a paper published in the scientific journal Nature.
SEE ALSO: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43506569/alphabet-stock-should-trade-at-a-premium-5-analysts-highlight-ai-capex-how-much-youtube-could-be-worth">Alphabet Stock &#8216;Should Trade At A Premium&#8217;: 5 Analysts Highlight AI, CapEx, How Much YouTube Could Be Worth</a><a href="https://in.benzinga.com/quote/goog" target="_blank" rel="noreferrer noopener"></a><a href="https://in.benzinga.com/quote/goog" target="_blank" rel="noreferrer noopener"></a><a href="https://in.benzinga.com/quote/goog" target="_blank" rel="noreferrer noopener"></a>
Why It Matters: The remarkable speed and efficiency of quantum computing, along with its potential to revolutionize industries, have drawn significant interest from governments and businesses. They have closely monitored quantum computing&#8217;s potential to revolutionize modern cybersecurity, as well as industries like finance and healthcare. Google&#8217;s ambitious timeline prediction is a sharp contrast to that of Nvidia&#8217;s Huang who estimated that practical applications of quantum computers <a href="https://www.benzinga.com/markets/equities/25/01/42867168/nvidias-jensen-huang-said-something-that-has-all-quantum-computing-stocks-tumbling-qubt-and-rgti-down-13-ionq-down-11">are approximately 20 years away.</a>
Following Huang's remarks, quantum computing stocks experienced a significant decline, with Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), and IonQ tumbling sharply on Jan. 8.
However, Google&#8217;s timeline estimate aligns with that of Microsoft Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates&#8216; prediction <a href="https://www.benzinga.com/etfs/sector-etfs/25/02/43456454/bill-gates-says-nvidias-jensen-huang-could-be-wrong-about-quantum-computing-qubt-rgti-ionq-react-in-tuesday-premarket">that it could take three to five years </a>to develop logical quantum computing qubits. Gates, who has invested in quantum computing company IonQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) through his venture Breakthrough Energy, made this prediction during Yahoo Finance's Opening Bid podcast.
The Class A and Class C shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) surged over 20% over the past six months.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43526785/is-quantum-ai-the-next-big-thing-qbts-stock-climbs-ahead-of-d-waves-qubits-2025-conference">Is Quantum AI The Next Big Thing? QBTS Stock Climbs Ahead Of D-Wave&#8217;s Qubits 2025 Conference</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.

Tech

GOOG

GOOGL

IONQ

MSFT

NVDA

QBTS

QUBT

RGTI

Google's Quantum Computing Chief Challenges Nvidia's Jensen Huang's 20-Year Timeline: 'Within Five Years We'll See Real-World Applications That Are Possible Only On Quantum Computers'

IPOs

SION

Reported Earlier, Sionna Therapeutics Prices $191M Initial Public Offering Of 10,588,233 Common Shares At $18/Share

Transaction Highlights
<ul>
<li>Walgreens Boots Alliance announces early settlement of certain prepaid variable share forward transactions with respect to shares of Cencora for delivery of an aggregate 6.1 million shares</li>
<li>Concurrent with the early settlement, the Company executed a sale of the remaining 1.3 million shares of Cencora pledged under the early settled contracts. The Company receives approximately $300 million from the early settlement and the concurrent sale of shares</li>
<li>Following today's early settlement, the Company owns approximately 12.6 million shares of Cencora pledged under the remaining prepaid variable share forward contracts, which have the potential to provide additional cash proceeds at maturity. These remaining prepaid variable share forward contracts are mainly scheduled to mature during March, June and September of calendar year 2025.</li>
<li>Use of proceeds will primarily be for debt paydown, as the Company proactively seeks to address its debt maturities in fiscal year 2026, and for general corporate purposes</li>
</ul>

Reported Earlier, Walgreens Boots Alliance Secures $300M Through Early Settlement Of Prepaid Variable Share Forward Contracts On Cencora

RenovoRx intends to use the net proceeds received from the offering for working capital and general corporate purposes, including continued progression of its Phase III TIGeR-PaC study and the continued development and execution of commercial sales and marketing activities for RenovoCath as a standalone device

RNXT

Reported Earlier, RenovoRx Prices $12.1M Underwritten Public Offering Of 11,523,810 Common Stock At $1.05/Share

Under this Agreement, SNDL is expected to supply Aurora with premium cannabis flower product grown at SNDL's indoor facility in Atholville, New Brunswick. The term of the agreement is for three years with an option to extend and an estimated value of $27 million. Aurora and SNDL have an existing and successful supply relationship for the manufacturing of various cannabis products and input material.

SNDL

Reported Earlier, Aurora Cannabis And SNDL Expand Relationship With $27M Premium Flower Supply Deal

On Thursday, during its <a href="https://in.benzinga.com/general/social-media/25/02/43546168/pinterest-q4-earnings-revenue-crosses-1b-maus-up-11-cap-off-banner-year-for-the-company-shares-soar">fourth-quarter earnings call</a>, Pinterest Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) reported record engagement levels, with its weekly active to monthly active user (WAU-to-MAU) ratio hitting an all-time high of 62%, while advertiser clicks surged 90% year-over-year in the fourth quarter.
What Happened: During the call, CEO Bill Ready said that Pinterest's focus on actionability—which includes shopping features, curated boards, and collages—is paying off, particularly with Gen Z users.
Pinterest reported another quarter of all-time user highs, with the U.S. and Canada market alone reaching 101 million monthly active users.
While the company continues to grow its global user base, its strategy in mature markets like North America and Europe is focused on increasing engagement per user rather than just adding new users.
See Also:&nbsp;<a href="https://www.benzinga.com/news/legal/25/01/43325503/mark-zuckerbergs-meta-pays-trump-25-million-to-settle-lawsuit-over-facebook-instagram-ban-after-jan-6-riot-a-big-year-for-redefining-our-relationships-with-governments" target="_blank" rel="noreferrer noopener">Mark Zuckerberg's Meta Pays Trump $25 Million To Settle Lawsuit Over Facebook, Instagram Ban After Jan. 6 Riot: ‘A Big Year For Redefining Our Relationships With Governments'</a>
Advertiser engagement is seeing massive growth. Even after lapping the previous year's strong performance—where clicks were up more than 100%—advertiser interest remains strong, Ready said.
Why It Matters: Pinterest posted fourth-quarter revenue of $1.15 billion, surpassing the $1.14 billion estimate. Global monthly active users rose 11% to 553 million. Average revenue per user reached $2.12 worldwide and $9 in the U.S. and Canada.
Pinterest&#8217;s annual <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41007723/pinterest-has-room-to-monetize-says-bullish-analyst">average revenue per user</a> (ARPU) saw steady growth across all regions in 2024. Global ARPU increased 8% year-over-year, reaching $6.94 compared to $6.44 in 2023.
In 2024, Meta Platforms, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) average revenue per user rose to $49.63, up from $44.60 in 2023. The company&#8217;s family of apps segment, driven mainly by advertising, generated over $162 billion in revenue, as per Statista.
Price Action: Pinterest's stock surged 18.49% after hours to $39.80. It ended Thursday at $33.59, gaining 0.87% during regular trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. So far this year, the stock is up 9.84%.
Photo via Shutterstock.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple's iPad Turns 15 Today: Here's A Throwback To When Steve Jobs Explained Called It The ‘Third Category' After Phones And Notebooks</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.

PINS

Pinterest's Gen Z Boom: Engagement Hits All-Time High As Advertiser Clicks Surge 90%—What's Working For The Meta Rival

The IPO consists of 9,000,000 new common shares to be issued and sold by Titan America and 15,000,000 existing common shares to be sold by Titan Cement International SA. Titan Cement International SA has granted the underwriters a 30-day option to purchase up to an additional 3,600,000 common shares to cover over-allotments, if any, at the initial public offering price, less underwriting discounts and commissions. Titan America's common shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "TTAM" on February 7, 2025.&nbsp;

TTAM

Reported Earlier, Titan America Prices $136.8M Initial Public Offering Of 24M Common Shares At $16/Share

On February 6, 2025, Sanofi has entered into a mandate with an investment service provider for the second tranche of this program. Under the terms of this mandate, Sanofi will repurchase its own shares for a total consideration of up to €2 billion, between February 7, 2025 and December 31, 2025 at the latest.

Sanofi Secures €2B Share Buyback Mandate As Part Of €5B 2025 Repurchase Plan

<ul>
<li>Tamboran Resources successfully completed stimulation activities over 35 stages across a 5,483-foot (1,671-metre) horizontal section in the Mid Velkerri B Shale within the Shenandoah South 2H sidetrack (SS-2H ST1) well. The stimulation was conducted using the Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) modern stimulation equipment.</li>
<li>The SS-2H ST1 completion operations achieved five stages over a 24-hour period on multiple days, exceeding previous Beetaloo Basin records.</li>
<li>Average proppant intensity of 2,706 pounds per foot (lb/ft) across the 35 completed stages exceeded all previous completion activities in the Beetaloo Basin to date and achieved wellhead injection rates above 100 barrels per minute (bpm).</li>
<li>The SS-2H ST1 well will be completed ahead of clean out activities and the commencement of initial flow back and extended production testing.</li>
<li>Further updates on the completion of the Shenandoah South 3H (SS-3H) well will be provided in due course.</li>
</ul>

LBRT

Reported Earlier, Tamboran Resources Enhances Beetaloo Completion Efficiency with Advanced Liberty Energy Stimulation

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) on Thursday hiked prices on its premium Model X SUV by $5,000, effectively making the all-wheel drive version ineligible for a federal EV tax credit of $7,500.
What Happened: According to Tesla&#8217;s U.S. website, the all-wheel drive is now priced at $84,990 while the more premium Plaid variant is priced at $99,990. 
Tesla offered no reasons for the price hike on its website. The company did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga</a>&#8216;s request for comment either. 
Previously, the base version of the Model X qualified for a federal tax credit as it was priced at $79,990, below the price limit of $80,000 required to be eligible. 
Why It Matters: The Model X is now Tesla&#8217;s <a href="https://www.benzinga.com/news/25/01/42993057/cybertruck-success-comes-at-a-cost-tesla-sells-nearly-39-000-units-in-2024-but-luxury-model-s-and-x">most expensive offering</a> in the U.S.
The company&#8217;s other <a href="https://www.benzinga.com/tech/24/12/42496103/teslas-model-s-model-x-and-cybertruck-now-have-the-same-starting-price-which-to-buy">premium vehicle offerings</a> &#8211; the Model S and the Cybertruck &#8211; start at $79,990 for the base variant. The base version of the Cybertruck is also eligible for the EV tax credit, increasing the effective price for eligible customers <a href="https://www.benzinga.com/tech/25/02/43455539/teslas-cybertruck-just-got-more-affordable-thanks-to-7500-tax-credit">to $72,490.</a>
Tesla launched a <a href="https://www.benzinga.com/tech/25/01/43183608/tesla-launches-refreshed-model-y-in-us-with-25-price-hike-full-self-driving-included">refreshed version of its more affordable SUV</a> &#8211; the Model Y, last month. The long-range all-wheel drive variant of the refreshed vehicle is priced at $59,990 or 25% more expensive than its predecessor. Deliveries of the refreshed vehicle are slated to start in March.
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:
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<li><a href="https://www.benzinga.com/tech/25/02/43524700/ford-ceo-jim-farley-says-trumps-proposed-tariffs-on-mexico-canada-will-be-manageable-in-near-term-but-will-have-huge-impact-if-protracted">Ford CEO Jim Farley Says Trump&#8217;s Proposed Tariffs On Mexico, Canada Will Be Manageable In Near Term But Will Have &#8216;Huge Impact&#8217; If Protracted</a></li>
</ul>
Photo courtesy: Tesla

TSLA

Tesla Hikes Model X Price By $5000, Making It More Expensive Than Cybertruck

Verily, Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) health technology subsidiary, announced Thursday it will sell its stop-loss insurance business, Granular Insurance Company, to Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>). The deal marks another strategic pivot for the Alphabet unit as it refocuses its healthcare initiatives.
What Happened: The sale comes as Verily undergoes significant organizational changes, including <a href="https://www.benzinga.com/news/global/24/11/42053801/alphabets-life-sciences-firm-verily-to-become-a-standalone-entity-disconnect-from-google">a planned separation</a> from Google&#8217;s infrastructure by December. 
While financial terms weren&#8217;t disclosed, the transaction represents Verily&#8217;s exit from an insurance venture it launched in 2020 with backing from Swiss Re Group&#8216;s commercial insurance division, <a href="https://www.cnbc.com/2025/02/06/alphabets-verily-to-sell-insurance-business-to-elevance-health.html">reported</a> CNBC.
Granular Insurance, which originally operated as Coefficient Insurance Company, provided self-funded employers with medical stop-loss coverage and reinsurance solutions utilizing proprietary technology. The business emerged during a period of rapid expansion for Verily, which has raised over $1 billion and attracted prominent healthcare executives from companies like Apple Inc.
See Also: <a href="https://www.benzinga.com/markets/25/02/43550696/amazon-to-pour-nearly-100-billion-into-ai-in-2025-surpassing-microsoft-and-alphabet-andy-jassy-says-cost-of-inference-will-meaningfully-come-down-amid-deepseek-worries">Amazon To Pour Nearly $100 Billion Into AI In 2025, Surpassing Microsoft And Alphabet—Andy Jassy Says &#8216;Cost Of Inference Will Meaningfully Come Down&#8217; Amid DeepSeek Worries</a>
Why It Matters: The company&#8217;s evolution reflects its search for a sustainable healthcare niche. Since launching as a moonshot project within Alphabet&#8217;s X innovation lab in 2015, Verily has shifted focus multiple times – from hardware development to pandemic response in 2020, and later to precision medicine in 2022. 
Recent executive changes have also shaped Verily&#8217;s direction. While the company has recruited talents like Myoung Cha, Apple&#8217;s former head of health strategic initiatives, and Andrew Trister, a founding member of Apple&#8217;s health team, it also saw the departure of key leaders like Amy Abernethy, who left in late 2023 after joining from the FDA in 2021.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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