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Continental (OTC:CTTAY) Stock, Option Chain

Continental

Continental is a global auto supplier and tiremaker. Operating segments include the automotive group (electrical architecture and networking, autonomous mobility, safety and motion, smart mobility, and user experience), tires, and ContiTech which uses rubber in industrial and automotive components and systems. Last year, automotive group revenue was around 49% of the total, tire was 34%, ContiTech was 16%, and contract manufacturing for Vitesco was 1%. The top five customers include Ford, Mercedes-Benz, the Renault-Nissan-Mitsubishi alliance, Stellantis, and Volkswagen, representing about 34% of total revenue. Europe, at 49% of total revenue, is the company's largest market, followed by North America at 27%, Asia (mostly China) at 21%, and 4% in other regions.

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The United Auto Workers (UAW) union initiated a strike against Detroit&#39;s three major automakers following the expiration of their contracts.

10 Big 3 Auto Suppliers To Watch With UAW On Strike

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A group of U.S. lawmakers is expected to ask the top leadership of automotive giants General Motors Co (NYSE: GM) and Ford Motor Co (NYSE: F) to cut dependence on China.

US Lawmakers To Dissuade Automakers From China Reliance: Report

Interview

FOUR

RYAAY

Baltic States like Lithuania are converging with their peers in Europe, despite suffering from high inflation in the post-COVID era.

Lithuania And The Baltic States Guarding Against Inflation And Boosting Economic Growth

Continental AG

The United Auto Workers (UAW) union initiated a strike against Detroit&#39;s three major automakers following the <a href="https://www.benzinga.com/news/large-cap/23/09/34555080/stand-up-not-out-uaws-strike-imminent-union-president-shawn-fain-just-rattled-the-big-3s-cage">expiration of their contracts</a>.
The strike, historically unprecedented in its scale, targets Ford Motor Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>), General Motors Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>)&nbsp;and Stellantis NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>).
The core dispute revolves around a wide gap in wage and benefit expectations.
Potential Implications: As attention remains&nbsp;fixated on the Big 3, repercussions of the strike may ripple through the auto suppliers that&nbsp;provide vital components and services to the automakers.
The Biden administration is considering extending emergency financial support to the affected auto suppliers. The exact form of aid is still under discussion, with&nbsp;proposals including&nbsp;potential grants from the Labor Department for impacted workers and preferential loan terms via the Small Business Administration, USA Today <a href="https://www.usatoday.com/story/news/politics/2023/09/14/biden-aid-to-auto-suppliers-uaw-strike/70852542007/">reported</a> on Friday.
As <a href="https://www.benzinga.com/news/large-cap/23/09/34594975/ford-ceo-farley-calls-upon-uaw-to-negotiate-a-deal-before-strike-deadline">Ford CEO Jim Farley</a> said Thursday, the automaker will have to start closing plants within &ldquo;hours or days&rdquo; of the strike. Here&rsquo;s what stocks to watch.
Supplier Overview and Recent Price Action:
Lear Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lea#NYSE">LEA</a>)
Services: Supplies seating systems and electronic systems.
Clients: Ford, GM, Stellantis
5-Day Price Action: -2.87%
Denso Corp (OTCMKTS: DNZOY)
Services: Produces advanced automotive technology, systems, and components.
Clients: Ford, GM
5-Day Price Action: +0.02%
Magna International Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mga#NYSE">MGA</a>)
Services: Offers mobility technology solutions, including body exteriors and structures.
Clients: Ford, GM
5-Day Price Action: -1.13%
BASF SE (OTCMKTS: BASFY)
Services: Provides chemicals for automotive coatings and other applications.
Clients: GM
5-Day Price Action: +2.42%
Aptiv PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aptv#NYSE">APTV</a>)
Services: Delivers software capabilities, computing platforms and networking architecture.
Clients: Stellantis
5-Day Price Action: +0.84%
Adient PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adnt#NYSE">ADNT</a>)
Services: Produces automotive seating systems.
Clients: GM
5-Day Price Action: -0.34%
Dana Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dan#NYSE">DAN</a>)
Services: Supplies drivetrain and e-propulsion systems.
Clients: Ford, GM
5-Day Price Action: -3.47%
Autoliv Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alv#NYSE">ALV</a>)
Services: Develops and manufactures automotive safety systems.
Clients: Ford
5-Day Price Action: -3.29%
Nucor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nue#NYSE">NUE</a>)
Services: Provides steel and steel products.
Clients: GM
5-Day Price Action: -3.42%
Continental AG (OTCMKTS: CTTAY)
Services: Produces automotive parts, especially tire systems.
Clients: Ford
5-Day Price Action: -0.83%
While the UAW strike puts a direct spotlight on the Big 3 automakers, the potentially extended ramifications on their suppliers cannot be ignored.
The strike, which began on Friday, affected all three automakers at the GM assembly plant in Wentzville, Missouri;&nbsp;the Stellantis assembly plant in Toledo, Ohio;&nbsp;and the Ford assembly plant in Wayne, Michigan.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/large-cap/23/09/34589612/diamond-hands-softbank-isnt-leaving-arm-holdings-keep-as-much-as-possible-as-long-as-possible">Diamond Hands: SoftBank Isn&#39;t Leaving Arm Holdings, &#39;Keep As Much As Possible, As Long As Possible&#39;</a>
Photo: Shutterstock

A group of U.S. lawmakers is expected to ask the top leadership of automotive giants&nbsp;General Motors Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) and&nbsp;Ford Motor Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) to cut dependence on China.
The CEO&#39;s of the companies will be urged to lessen their reliance on China, particularly for electric vehicle batteries, reported&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/us-lawmakers-press-automakers-cut-reliance-china-over-supply-chains-bloomberg-2023-06-19/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters</a>.
About four lawmakers, part of the House of Representatives China Select Committee, will meet with Ford&#39;s Jim Farley and GM&#39;s Mary Barra in Detroit.
The members will also meet with executives from auto parts suppliers, including&nbsp;BorgWarner Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bwa#NYSE">BWA</a>),&nbsp;Continental AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cttay#OTC">CTTAY</a>),&nbsp;Bosch&nbsp;and battery startup&nbsp;Our Next Energy.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/32890055/ford-general-motors-optimistic-on-demand-report" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Ford, General Motors Optimistic On Demand</a>
The report further noted Republican Mike Gallagher, who chairs the China committee, had in April raised concerns about&nbsp;Tesla Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) dependency on China after its plans to launch a megapack battery factory in China.
Also, Ford&#39;s plan to utilize Chinese battery company CATL&#39;s technology in its $3.5 billion Michigan battery&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/02/30891625/ford-ropes-in-key-tesla-supplier-to-build-3-5b-battery-plant-in-michigan" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">plant proposal drew the ire of some lawmakers.</a>
The $430 billion Inflation Reduction Act (IRA) aims to dissociate U.S. EV production from Chinese supply chains through new conditions on EV tax credits.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32860109/general-motors-is-an-ai-powerhouse-with-untapped-potential-morgan-stanley" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">General Motors Is An AI Powerhouse With Untapped Potential: Morgan Stanley</a>
Price Action: GM shares are trading lower by 0.87% at $37.63 in premarket on the last check Tuesday

Baltic States like Lithuania are converging with their peers in Europe, despite suffering from high inflation in the post-COVID era. <a href="https://on.ft.com/3PYA1aT">Reports</a> point to wages doubling in Lithuania since the country&nbsp;joined the European Union, while consumer prices are up about 40% <a href="https://www.benzinga.com/government/22/11/29674328/out-of-the-box-approach-helps-lithuanias-au-rin-armonait-build-strong-economy">over the same period</a>.
Benzinga first learned about Lithuania&rsquo;s economic transformation and inflation hedging during an <a href="https://www.benzinga.com/government/22/11/29674328/out-of-the-box-approach-helps-lithuanias-au-rin-armonait-build-strong-economy">interview</a> with Au&scaron;rinė Armonaitė, the country&rsquo;s Minister of Economy and Innovation. The Minister said her focus was on easing economic crosscurrents through targeted stimulus and initiatives like foreign direct investment or FDI, as well as new global partnerships with the likes of Taiwan, which invested &euro;3.5 million in Lithuanian laser technology.
With Lithuania growing richer on a GDP per capita basis&nbsp;(adjusted for purchasing power)&nbsp;than some of its peers in Europe, citizens&rsquo; living standards are improving. Accordingly, economic and political stability is attracting investment:&nbsp;last year, Lithuania saw nearly 5,000 new jobs created and &euro;135 million in green-field investment. Continental AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cttay#OTC">CTTAY</a>), PON Bicycle Holdings, Shift4 Payments Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/four#NYSE">FOUR</a>), Ryanair Holdings Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>), and DriveWealth are among the firms taking an interest in the country.
&ldquo;We&rsquo;re on pace to achieve our targets for 2030,&rdquo; says <a href="https://investlithuania.com/">Invest Lithuania</a> director Elijus Čivilis in an exclusive conversation with Benzinga. The director, who left his job in the private sector at IBM&nbsp;to teach and further Lithuania&rsquo;s digital transformation initiatives, adds the country has already hit half of its targets for 2030.
&ldquo;FDI is a fantastic engine helping Lithuania transform its economy from its traditional Soviet Union roots,&rdquo; he explains in a statement. Adding that, Lithuania is becoming more of a technology, engineering, and life sciences powerhouse. &ldquo;Our relationship with Taiwan is a great example. We have a license transfer agreement between our largest IoT [Internet of Things]&nbsp;manufacturer Teltonika and governmental agencies in Taiwan to produce semiconductors that are needed.&rdquo;
Čivilis forecasts that this is just the beginning and that Lithuania will remain a stable middle-ground for business in the face of tension between big powers in the East and West. In a decade, semiconductors may even &ldquo;make up 5% of Lithuania&rsquo;s total GDP,&rdquo; he said.
<h3>Russia And Ukraine Implications</h3>
Russian aggression is boosting Lithuania&rsquo;s spirit and efforts to protect its interests, which are aligned with EU values and commitments.
&ldquo;I think Russia&rsquo;s existence has made us a stronger nation,&rdquo; Čivilis said, pointing to a massive cyberattack that was recently perpetrated on Lithuania. &ldquo;It failed to do any major damage to our national systems, and we wouldn&rsquo;t have achieved this level of cyber maturity without having such threatening neighbors next to us.&rdquo;
Consequently, Lithuania secures a top spot among countries leading in cybersecurity, and this is attractive to those looking to innovate in a politically and economically friendly environment.
&ldquo;As a business, why would I go to Lithuania,&rdquo; Čivilis put&nbsp;forth. &quot;Well, in Lithuania, it&rsquo;s the talent saturation that makes us very competitive, as well as capability and willingness to improve on what we can bring to the table.&quot;
&quot;It&rsquo;s the magic of not being perfect, and how quickly we&rsquo;re able to adapt to new realities,&quot;&nbsp;he added.
Also Read:&nbsp;<a href="https://www.benzinga.com/government/23/02/30834889/exclusive-kevin-oleary-gov-burgum-to-support-sustainable-innovation-via-north-dakota-wonder-fund">Exclusive: Kevin O&#39;Leary, Gov. Burgum To Support Sustainable Innovation Via North Dakota Wonder Fund</a>
<h3>Steering Committees And Roadmaps</h3>
In the spirit of adapting to new realities, Čivilis thinks Lithuania&rsquo;s economic and political climate will continue to enable more triple-digit growth across sectors like fintech and game development. He has high hopes that the country will attract over a billion in new investment over the next half-decade, and create over 20,000 jobs across the natural and life sciences, device engineering, as well as information and communication technology (ICT) industries.
&ldquo;For example, we&rsquo;re discussing our fintech version 2.0,&rdquo; he says. &ldquo;In our first stage, we got over 250 companies in the country, and this created a very vibrant community which we will keep up.&rdquo;
Additionally, unlike some peers, Lithuania knows not to haphazardly send too much money to the supply side of its economy.
&ldquo;Instead of just compensating energy bills, there&rsquo;s a focus on investing in companies or granting them to implement energy transformation programs that reduce energy consumption or create green energy devices so that they can supply themselves,&rdquo; Čivilis ends. &ldquo;Another good example is what Lithuania did during the pandemic when tourism was hurting. We opened up a huge innovation fund for the industry to make a transformation during the crisis time.&rdquo;
Photo retrieved from Invest Lithuania&#39;s website.

<ul>
<li>Needham&nbsp;analyst Quinn Bolton maintained&nbsp;Ambarella Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amba#NASDAQ">AMBA</a>) with a Buy and&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/quote/AMBA/analyst-ratings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">raised the price target from $85 to $100</a>.</li>
<li>Needham hosted AMBA&#39;s VP of Corporate Development, Louis Gerhardy, for investor meetings.&nbsp;</li>
<li>The meetings focused mainly on the CV3 ADAS design wins announced within the past month at&nbsp;Continental AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cttaf#OTC">CTTAF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cttay#OTC">CTTAY</a>) and Bosch, two of the top three Tier 1 suppliers of automotive camera sensing and radar sensing systems.&nbsp;</li>
<li>Although there is no exclusivity for CV3 at Continental and Bosch, these wins are significant for AMBA as they validate the performance, scalability, and efficiency of CV3 for L2 and L2+ applications and pair it with two players with considerable software capabilities.&nbsp;</li>
<li>Given the cost of porting software, especially at higher levels of ADAS, the analyst believes C&amp;B will only port their software onto a limited number of SoCs.</li>
<li>Following the recent Continental and Bosch design win announcements and meetings, Bolton raised the price target to reflect increased confidence in future opportunities for CV3.</li>
<li>Bolton&nbsp;believes OEM design wins can be a significant catalyst for the stock, driving share gains and boosting the company&#39;s automotive pipeline.</li>
<li>AMBA is open to looking at advanced nodes beyond 5nm at all foundries that can support this.</li>
<li>AMBA announced its centralized 4D imaging radar architecture that allows both central processing of raw radar data and deep, low-level fusion with other sensor inputs.</li>
<li>The C&amp;B design wins have been excluded from the funnel to date. However, Bolton believes the two partnerships will dramatically increase the funnel by late CY23.</li>
<li>The analyst expected the discussions to focus on the C&amp;B design wins but noted that current business conditions were rarely mentioned.&nbsp;</li>
<li>Price Action:&nbsp;AMBA shares traded lower by 1.49% at $84.40 on the last check Friday.</li>
</ul>

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Reiteration

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AMBA

CTTAF

Ambarella's Continental & Bosch Design Win Boosts Confidence Over Future Prospects, Analyst Says After Investor Meet

As the automotive industry continues its transition to the electrical future, the importance of energy conservation is only increasing in importance. The key to global EV adoption undoubtedly lies in battery technology that must become more affordable, but automakers are also making efforts to allow electric vehicles to go further on a single charge even without changing battery technology.
Energy from bumps and potholes
According to Car Buzz, BMW filed a patent in Germany to recharge EV batteries using the kinetic energy of the vehicle&rsquo;s suspension as it drives along. In simple words, Bayerische Motoren Werke Aktiengesellschaft (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>) has possibly invented a way to harvest electric energy from potholes and speed bumps. Reportedly, the new suspension design will&nbsp;&nbsp;generate electricity from a car&#39;s vertical wheel movement from bumps. This means that the company&rsquo;s flagship vehicles such as BMW i7 could soon be game changers.
A new brake design for longer EV ranges
Continental Aktiengesellschaft (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cttay#OTC">CTTAY</a>) is a German multinational automotive parts manufacturing company known for its tires, but it could go down in history for inventing a brake calliper. The Green Caliper is significantly lighter than previous designs and has a lower residual brake torque, helping the vehicle save up to five kilograms or 11 pounds per brake.&nbsp;
Complementing EV power with fuel cells
Honda Motor (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hmc#OTC">HMC</a>) revealed it will beging producing an all-new hydrogen fuel cell EV in 2024 called Honda CR-V. Producted in Ohio, this vehicle will be refueled with hydrogen in just a matter of minutes. As a reminder, Honda has joined forces with General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) back in 2017 to find more affordable sources of renewable hydrogen.
More exciting news are bound to come soon at 2023&rsquo;s CES show in Las Vegas with one of keynote speakers being Stellantis N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>) CEO Carlos Tavares who is expected to unveil an electric truck concept on January 5h, 2023.

BMWYY

Getting EVs To Go Further Does Not Have To Be Entirely About Changing Battery Technology

Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/10/29456147/teslas-autopilot-draws-regulatory-ire-from-doj-and-sec" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla&rsquo;s Autopilot Draws Regulatory Ire From DoJ and SEC</a>
<ul>
<li>Federal prosecutors and securities regulators investigated whether&nbsp;Tesla Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) misled consumers and investors about the performance of its advanced driver-assistance system.</li>
<li>The Justice Department scrutinized Tesla&rsquo;s statements about the safety and functionality of the system known as Autopilot. The SEC conducted a similar civil investigation.</li>
<li>The U.S. auto-safety regulator and the California Department of Motor Vehicles also scrutinized Autopilot.</li>
</ul>
&nbsp;
Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29453166/tiktok-is-bullish-on-gaming-despite-china-crackdown-to-launch-standalone-gaming-channel" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TikTok Is Bullish On Gaming Despite China Crackdown, To Launch Standalone Gaming Channel</a>
<ul>
<li>ByteDance Ltd&rsquo;s&nbsp;TikTok&nbsp;made a big push into gaming, adding a dedicated tab within the short-form video platform.</li>
<li>In the U.S.,&nbsp;Netflix, Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nflx#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NFLX</a>) launched mobile games in 2021, filling a void left by&nbsp;Snap Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/snap#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SNAP</a>) Snapchat and&nbsp;Meta Platforms Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/meta#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">META</a>) Facebook, which scrapped their gaming platforms.</li>
<li>Users can access the games via a button on the homepage. It will feature a host of mobile games with provision for ads, and users can pay for additional content.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29457332/volkswagen-expects-supply-crisis-higher-costs-to-persist-make-significant-investments-in-mexico" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Volkswagen Expects Supply Crisis, Higher Costs To Persist; Made Significant Investments In Mexico</a>
<ul>
<li>Volkswagen AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vlkaf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VLKAF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vwagy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VWAGY</a>) expects the volatile parts supply situation and mounting pressure from rising raw material and energy costs to continue in the fourth quarter and beyond 2022 after stagnated earnings in the third quarter.</li>
<li>Volkswagen said it will invest $763.5 million between 2022 and 2025 at its complex in the central state of Puebla, to build a new paint plant and start production of a new gasoline-powered car.</li>
<li>Continental AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cttaf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CTTAF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cttay#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CTTAY</a>) looked to invest around &euro;210 million ($209.16 million) to open a new automotive electronics factory and expand capacity at an existing brake components plant in the central state of Guanajuato.</li>
<li>Continental said it expects to generate more than 1,500 new jobs over the next three years through the expansion.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/22/10/29456996/american-airlines-pilot-poised-to-receive-19-pay-hike-over-two-years" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">American Airlines Pilot Poised To Receive 19% Pay Hike Over Two Years</a>
<ul>
<li>American Airlines Group Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aal#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAL</a>) has offered to increase the pay for its pilot by 19% over two years in a new contract.</li>
<li>American pilots will get a 12% raise when the contract is signed, with another 5% hike after a year and another 2% after two years.</li>
<li>The latest proposal compares the company&rsquo;s June offer to hike base pay by about 17% through 2024, which could cost the airline more than $2 billion.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/10/29457109/national-institutes-of-healths-long-covid-initiative-to-assess-pfizers-antiviral-pill-as-potentia" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">National Institutes of Health&rsquo;s Long COVID Initiative To Assess Pfizer&rsquo;s Antiviral Pill As Potential Treatment</a>
<ul>
<li>The National Institutes of Health&rsquo;s $1 billion RECOVER Initiative has decided to study&nbsp;Pfizer Inc&rsquo;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) antiviral drug Paxlovid as a potential treatment for long COVID.</li>
<li>According to details posted on Clinicaltrials.gov, the randomized, placebo-controlled trial will test Pfizer&rsquo;s treatment or placebo in 1,700 adult volunteers.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29455569/ford-ordered-to-pay-105m-to-versata-software-for-license-breach-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ford Ordered To Pay $105M To Versata Software For License Breach</a>
<ul>
<li>Ford Motor Co&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/f#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">F</a>) has been ordered to pay&nbsp;Versata Software Inc&nbsp;$104.6 million by a federal jury in Detroit for a license contract breach.</li>
<li>Ford was accused of a 2004 licensing contract breach and misappropriating trade secrets. The company was held liable after a fifteen-day trial.</li>
<li>Versata said it had licensed its automotive software to Ford from 1998 &ndash; 2015. Through the software, Ford&rsquo;s engineers and marketing agents came together to design vehicles with &ldquo;seamless real time updates&rdquo; worldwide.</li>
</ul>
&nbsp;
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29452635/amazon-plans-to-tighten-belt-in-q4-with-hiring-freeze-after-revenue-miss" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Plans To &lsquo;Tighten Belt&rsquo; In Q4 With Hiring Freeze After Revenue Miss</a>
<ul>
<li>Amazon.com Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), which had a revenue miss in its third-quarter earnings, is preparing to tighten its belt in the fourth quarter.</li>
<li>The company&rsquo;s CFO&nbsp;Brian Olsavsky&nbsp;said the company encountered &ldquo;moderating sales&rdquo; and saw foreign currency headwinds in the third period and expects these impacts to remain in place during the fourth quarter.</li>
<li>Olsavsky said, during the company&rsquo;s earnings call, on Thursday, &ldquo;As we&rsquo;ve done at similar times in our history, we&rsquo;re also taking actions to tighten our belt, including pausing hiring in certain businesses and winding down products and services where we believe our resources are better spent elsewhere.&rdquo;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29454962/youtube-rolls-out-dedicated-tab-for-shorts-to-make-it-easy-for-viewers-to-filter-content" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">YouTube Rolls Out Dedicated Tab For Shorts To Make It Easy For Viewers To Filter Content</a>
<ul>
<li>Alphabet Inc.&rsquo;s&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/goog#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOG</a>) (NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/googl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOGL</a>)&nbsp;YouTube&nbsp;has rolled out separate tabs for&nbsp;Shorts, live streams, and long-form videos on all channel pages.&nbsp;</li>
<li>On Thursday, YouTube said that based on &ldquo;feedback&rdquo;, it was &ldquo;beginning to roll out separate tabs for Shorts, live streams, and long-form videos on all channel pages.&rdquo;</li>
<li>As a result, Shorts won&rsquo;t appear in the same tab as videos on channel pages.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29455850/exxon-boosts-quarterly-dividend-after-four-fold-increase-in-q3-earnings" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Exxon Boosts Quarterly Dividend After Four-Fold Increase In Q3 Earnings</a>
<ul>
<li>Exxon Mobil Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/xom#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">XOM</a>) has posted a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/10/b29454810/exxonmobil-announces-third-quarter-2022-results" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Q3 profit of $4.45 per share</a>, a robust increase over $1.58 a year ago versus the consensus of $3.65. But the company&rsquo;s revenue, at $112.07 billion, jumped 52% Y/Y, missing the $134.28 billion analysts were expecting.</li>
<li>The oil giant raised the quarterly by $0.03 to $0.91 per share, payable on December 9th. The company said the increase reflects confidence in its strategy, business performance, and financial strength.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29453195/apple-defies-smartphone-market-slump-in-q3-as-shipments-climb-8-yoy-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Defies Smartphone Market Slump In Q3 As Shipments Climb 8% YoY</a>
<ul>
<li>Apple Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aapl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAPL</a>) was the lone smartphone vendor to register year-over-year growth in shipments in the third quarter, which suggests the&nbsp;iPhone&nbsp;revenue upside the company reported for the quarter was in part due to volume growth.</li>
<li>Cupertino-based Apple&rsquo;s smartphone shipments rose 8% to 53 million units in the third quarter, according to a new report released by market research firm Canalys.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29456412/home-appliance-maker-electrolux-to-cut-jobs-as-demand-wanes" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Home Appliance Maker Electrolux To Cut Jobs As Demand Wanes</a>
<ul>
<li>Swedish home appliance manufacturer&nbsp;Electrolux AB&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/eluxy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ELUXY</a>) has initiated a cost reduction plan and North American turnaround program in the wake of a demand slump.</li>
<li>The proposed plan is expected to affect 3,500 &ndash; 4,000 positions.</li>
<li>The company said it would take a restructuring charge of SEK 1.2 billion - SEK 1.5 billion in the final three months of 2022.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/10/29454036/justice-department-launches-probe-into-poultry-companies-payment-practices-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Justice Department Launches Probe Into Poultry Companies&rsquo; Payment Practices</a>
<ul>
<li>The U.S. Justice Department has launched an investigation into the method of payments made to chicken farmers by poultry companies.</li>
<li>Pilgrim&rsquo;s Pride Corp&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ppc#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">PPC</a>) disclosed in a regulatory filing that it learned on October 6, 2022, that DOJ opened a civil investigation into grower contracts and payment practices.</li>
<li>PPC said it would cooperate with the DOJ in its investigations.</li>
<li>The Justice Department has notified other poultry companies as well.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29456698/chevron-clocks-over-80-jump-in-quarterly-earnings" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Chevron Clocks Over 80% Jump In Quarterly Earnings</a>
<ul>
<li>Chevron Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) posted a Q3 net profit of $11.2 billion, up 84% Y/Y, with an adjusted EPS of $5.56, better than the consensus of $4.91 and $2.96 posted a year earlier.</li>
<li>Sales in Q3 were $66.64 billion, compared to $44.71 billion in the year-ago period, surpassing the consensus of $59.17 billion.</li>
<li>Net oil-equivalent production was 3.03 million barrels per day, almost unchanged from Q3 FY21.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29457086/abbvie-reports-mixed-earnings-tightens-guidance-lifts-quarterly-dividend" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AbbVie Reports Mixed Earnings, Tightens Guidance, Lifts Quarterly Dividend</a>
<ul>
<li>AbbVie Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abbv#NYSE">ABBV</a>) reported Q3 adjusted EPS of $3.66, up 29.3% Y/Y and beating the consensus of $3.59.</li>
<li>Overall sales increased 3.3% Y/Y (5.4% on an operational basis) to $14.81 billion, missing the consensus of $14.96 billion.</li>
<li>AbbVie increased the quarterly dividend by 5% from $1.41 per share to $1.48 per share.</li>
</ul>

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Tesla's Autopilot Draws Regulatory Scrutiny, Volkswagen Expects Supply Crisis To Continue, TikTok To Launch Standalone Gaming Channel: Top Stories Friday, Oct. 28

Volkswagen AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vlkaf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VLKAF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vwagy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VWAGY</a>) said supply chain troubles were the new norm after stagnated earnings in the third quarter but still expects growth in the autos market next year as some bottlenecks look likely to ease.
Volkswagen cut its expectations for deliveries this year to be on par with 2021, down from a previously-forecast 5%-10% rise. Still, it maintained its earnings outlook of hitting the upper end of a 7%-8.5% margin by cutting fixed costs.
Volkswagen plans to bring software unit Cariad, plagued by overspending and long delays, back on track were underway with an internal meeting likely today and several critical decisions expected in coming weeks, CEO Blume said.
The CEO hoped-for boost in Volkswagen&#39;s valuation following Porsche AG&#39;s listing did not materialize, with the carmaker&#39;s stock down more than 28% year-to-date and the sportscar brand&#39;s valuation overtaking its former parent, Reuters&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/volkswagen-q3-earnings-weighed-down-by-cost-porsche-listing-argo-ai-2022-10-28/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported</a>.
Third-quarter earnings stagnated below pre-pandemic levels at &euro;4.3 billion ($4.29 billion) under the burden of its Porsche listing, suspension of business in Russia, the write-off of a self-driving startup, and issues securing&nbsp;<a class="editor-rtfLink" href="https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-group-operating-result-increases-and-recovery-in-china-accelerates-15275" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">parts</a>.
Earnings of 6% across the group boosted from a 19.4% margin in the sports and luxury brands. Volkswagen remains committed to Level 4 autonomous driving, Blume said.
Volkswagen brand expects the volatile parts supply situation and mounting pressure from rising raw material and energy costs to continue in the fourth quarter and beyond the end of 2022. CFO Patrik Andreas Mayer commented: &quot;The fourth quarter will be especially challenging with regard to global supply chains and parts&nbsp;<a class="editor-rtfLink" href="https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-passenger-cars-stays-on-track-in-difficult-environment-15277" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">supplies</a>.
Volkswagen and Continental pledged significant investments in Mexico, totaling a record $1 billion, Reuters&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/volkswagen-says-invest-7635-million-modernize-mexico-plant-2022-10-27/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.
Volkswagen said it will invest $763.5 million between 2022 and 2025 at its complex in the central state of Puebla, one of Volkswagen&#39;s most extensive facilities globally, to build a new paint plant and start production of a new gasoline-powered car. Wind turbines would power the paint plant.
Continental AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cttaf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CTTAF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cttay#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CTTAY</a>) looked to invest around &euro;210 million ($209.16 million) to open a new automotive electronics factory.
Price Action:&nbsp;VLKAF shares traded at $171.57 in the premarket on the last check Friday.

Volkswagen Expects Supply Crisis, Higher Costs To Persist; Make Significant Investments In Mexico

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26756778/ferrari-tp-recall-more-than-2000-cars-in-china-on-break-risk" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ferrari To Recall 2,222 Cars In China</a>
<ul>
<li>Luxury sports car maker Ferrari NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/race#NYSE">RACE</a>) is set to recall 2,222 cars in China due to faulty braking systems, Reuters reported.</li>
<li>The brake risk may result in reduced braking performance or failure.</li>
<li>The company will recall cars imported between March 2010 and March 2019, starting from May 30.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26756922/honeywell-intends-to-invest-200m-in-egypt-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Honeywell Intends To Invest ~$200M In Egypt</a>
<ul>
<li>Honeywell International Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>) intends to invest ~$200 million in petrochemicals and the production of green fuels for aircraft in Egypt, according to Honeywell&rsquo;s country president for Egypt, as cited by the Ministry of Petroleum.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/04/26757426/heres-how-teslas-gigafactory-will-play-a-major-role-in-germany-to-plug-growing-employee-skill-gap" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Big Businesses like Siemens, Tesla, Basf and Others Play Major Role In Germany To Plug Growing Employee Skill Gap</a>
<ul>
<li>More than 36 of Germany&rsquo;s industrial kingpins, including auto suppliers Continental AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cttay#OTC">CTTAY</a>) and Bosch, industrial firms Basf SE (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bffaf#OTC">BFFAF</a>), and Siemens AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/siegy#OTC">SIEGY</a>), have agreed to conform to redundancies at one firm and vacancies at another, training workers to move directly from job to job.</li>
<li>The companies looked to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping.</li>
<li>Overseas companies like Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) decided to build its European electric vehicle and battery plant in Brandenburg, looking to create 12,000 new jobs.</li>
</ul>

WSJ
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/04/26756841/public-health-authorities-in-us-uk-probe-mysterious-cases-of-severe-hepatitis-in-young-kids-wsj" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Public-health Authorities in US, UK, Probe Mysterious Cases Of Severe Hepatitis In Young Kids</a>
<ul>
<li>The U.S. Centers for Disease Control and Prevention is working with public-health officials in Alabama to probe the cause of nine cases of hepatitis in children ages 1 to 6 years old reported in the state since October.</li>
<li>The children in the U.K. tested negative for known hepatitis viruses. One possible cause, according to the U.K. Health Security Agency is an infection by a type of adenovirus. The U.S. CDC said all nine cases in Alabama tested positive for adenovirus.</li>
</ul>

Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/04/26757101/serum-stops-making-covid-19-vaccines-as-200m-doses-pile-up-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">World&rsquo;s Largest Vaccine Manufacturer Stops Making COVID-19 Vaccines As 200M Doses Pile-Up: Bloomberg</a>
<ul>
<li>Serum Institute of India Ltd, the world&rsquo;s largest vaccine manufacturer, has stopped making new batches of COVID-19 shots after its stockpile grew to 200 million doses amid a global supply glut, reports Bloomberg.</li>
<li>Serum&rsquo;s CEO, Adar Poonawala said that Serum, a core supplier for the WHO-backed Covax program, is drafting a &ldquo;global pandemic treaty&rdquo; to bring about free flow and coordination of essential resources like raw materials for vaccine production in the next crisis.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26757712/with-derivatives-plan-crypto-billionaire-annoys-wall-street-giants-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Crypto Billionaire Annoys Wall Street Giants With Derivatives Plan</a>
<ul>
<li>At a posh financial-industry gathering, this year&rsquo;s main attraction was a face-off between a crypto billionaire and a futures-exchange kingpin.</li>
<li>At the event in Florida, Sam Bankman-Fried, whose FTX platform has rapidly become a major venue for investment in virtual coins, squared up against Terry Duffy, the longtime CEO of CME Group Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cme#NASDAQ">CME</a>).</li>
</ul>

Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/04/26756801/goldman-jpmorgan-and-other-wall-st-banks-remain-focused-on-shanghai-expansion-amid-odds" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Goldman, JPMorgan and Other Wall St Banks Remain Focused On Shanghai Expansion Amid Odds</a>
<ul>
<li>Despite China&rsquo;s strict lockdown, global investment banks are pushing ahead with ambitious expansion plans in Shanghai.</li>
<li>The lockdown entering its fourth week forced banks like Goldman Sachs Group Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>), JPMorgan Chase &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) and others to make emergency food deliveries to some staff and leave others camped out on trading floors.</li>
<li>The government has laid out plans to make China&rsquo;s most populated city a global financial hub by 2035 and transform Shanghai&rsquo;s stock exchange into the world&rsquo;s largest.</li>
</ul>

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26757226/budweiser-parent-to-sell-interest-in-jv-with-turkish-partner" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Budweiser Parent Plans To Sell Interest In Russian JV</a>
<ul>
<li>Anheuser Busch Inbev SA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bud#NYSE">BUD</a>) plans to sell its non-controlling interest in the AB InBev Efes joint venture.</li>
<li>The company is in talks with its partner, Turkish Brewer Anadolu Efes, to acquire the interest.</li>
<li>AB InBev&rsquo;s request regarding the suspension of the license for the production and sale of Bud in Russia will also be part of a potential transaction.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26755761/oscar-nominated-ridley-scott-to-produce-ethereum-movie-the-infinite-machine" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Oscar-Nominated Ridley Scott To Produce Ethereum Movie &lsquo;The Infinite Machine&rsquo;</a>
<ul>
<li>Oscar-nominated director Ridley Scott will produce a movie adaption of &ldquo;The Infinite Machine,&rdquo; an account of Ethereum&rsquo;s ETH/USD creation and rise by cryptocurrency journalist Camila Russo.</li>
<li>According to a report from The Deadline, Scott under his &lsquo;Scott Free Productions&rsquo; banner will produce the movie alongside Tom Moran, Vera Meyer, and Alejandro Miranda. The film will be written and directed by Shyam Madiraju.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26755133/spacexs-falcon-9-takes-another-53-starlink-satellites-to-space" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SpaceX&rsquo;s Falcon 9 Takes Another 53 Starlink Satellites To Space &mdash; Some Confuse Rocket With &lsquo;UFO&rsquo;</a>
<ul>
<li>Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO Elon Musk-owned SpaceX on Thursday successfully launched 53 more Starlink satellites to earth&rsquo;s low orbit from NASA&rsquo;s Kennedy Space Center in Florida.</li>
<li>SpaceX&rsquo;s partially reusable Falcon 9 rocket that can transport payloads as well as humans into earth and beyond, launched the satellites at 1:51 p.m. ET.</li>
<li>Minutes after the liftoff, the Falcon 9 successfully landed back on the &ldquo;Just Read the Instructions&rdquo; droneship, completing this booster&rsquo;s 12th launch and landing.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26755391/remarkable-that-convinced-bitcoin-hodlers-clenching-their-moneybags-even-as-stocks-plunge-analyst" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bitcoin HODLers Clenching Their Moneybags Even As Stocks Plunge Is Remarkable, Says Analyst</a>
<ul>
<li>Analyst Will Clemente noted the remarkable conviction of Bitcoin (CRYPTO: <a class="editor-rtfLink" href="https://www.benzinga.com/quote/btc/usd" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BTC</a>) HODLers as 64% of Bitcoin supply hasn&rsquo;t moved in a year despite the tech-heavy Nasdaq plunging 18% from its peak.</li>
<li>Clemente tweeted, &ldquo;Beneath the surface, there is a group of convicted HODLers viewing BTC as their store of value amidst unprecedented uncertainty in markets. Pretty remarkable.&rdquo;</li>
<li>On Thursday, OANDA analyst Craig Erlam said that Nasdaq had a more &ldquo;turbulent week&rdquo; which Bitcoin shrugged off.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26755123/people-dying-democracy-under-threat-due-to-misinformation-on-social-media-says-obama" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Barack Obama Says People&rsquo; Dying,&rsquo; Democracy &lsquo;Under Threat&rsquo; Due To Disinformation On Social Media</a>
<ul>
<li>Former President Barack Obama said &ldquo;people are dying&rdquo; due to disinformation on social media services in a speech at Stanford University, the Washington Post reported on Thursday,</li>
<li>What Happened: Obama in his speech said social media firms were not transparent about their algorithms and the workings of their software, as per the report.</li>
<li>Obama said social media algorithms have evolved such that &ldquo;no one on the outside of these companies can accurately predict what they&rsquo;ll do &hellip; and sometimes the people who built them aren&rsquo;t sure &hellip; That&rsquo;s a problem.&rdquo;</li>
</ul>
Photo via Wikimedia Commons

$BTC

$ETH

BFFAF

RACE

SIEGY

Morning Brief: Top Financial Stories Dominating on Friday, April 22

<ul>
<li>More than 36 of Germany&#39;s industrial kingpins, including auto suppliers&nbsp;Continental AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cttay#OTC">CTTAY</a>) and Bosch, industrial firms&nbsp;Basf SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/bffaf#OTC">BFFAF</a>), and&nbsp;Siemens AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/siegy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SIEGY</a>), have agreed to conform to redundancies at one firm and vacancies at another, training workers to move directly from job to job,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/big-business-joins-forces-bridge-germanys-growing-skills-gap-2022-04-22/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports</a>.</li>
<li>The companies looked to team up to retrain workers in software and logistics to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping.</li>
<li>The companies will share the costs of the initiative on a case-by-case basis.&nbsp;</li>
<li>Germany&#39;s unemployment cost the economy &euro;63 billion ($68 billion) in 2020.</li>
<li>A study warned that Germany could lose 100,000 jobs linked to the internal combustion engine by 2025 if carmakers failed to transition fast to electric vehicles and retrain workers.</li>
<li>Germany&#39;s number of open vacancies surged from 0.32 million in 2009 to 0.85 million in March 2022.</li>
<li>Overseas companies like&nbsp;Tesla Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) helped meet the demand for skilled workers. Tesla decided to build its European electric vehicle and battery&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26233293/graphic-how-giga-berlin-stacks-up-against-teslas-other-factories" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">plant in Brandenburg</a>, looking to create 12,000 new jobs.</li>
<li>Tesla&#39;s move will ramp up competition for skilled workers with rival carmakers&nbsp;Mercedes-Benz Group AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dmlry#OTC">DMLRY</a>) and&nbsp;Volkswagen AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwagy#OTC">VWAGY</a>).</li>
<li>Mercedes saw eagerness among younger workers willing to become more resilient by gaining new skills. In contrast, older workers opted to retire early.</li>
<li>Germany&#39;s new coalition government looked to assist workers from abroad by enabling dual citizenship and improving access to apprenticeships.</li>
</ul>

Government

Regulations

DMLRY

Big Businesses like Siemens, Tesla, Basf and Others Play Major Role In Germany To Plug Growing Employee Skill Gap

The 19th Shanghai International Automobile Industry Exhibition, named Auto Shanghai 2021, starts next week at the National Exhibition and Convention Center. The event is open to the press on Monday and Tuesday, then to the public&nbsp;April 21-28.
The theme for the year&#39;s event is &quot;Embracing Change,&quot;&nbsp;which will put the focus on electric vehicles, autonomous driving and connected cars.
Here&#39;s what the automakers are expected to unveil:
NIO Inc. - ADR&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>): Nio confirmed&nbsp;it will unveil a new Nio Power plan and also officially reveal&nbsp;the interior of the <a href=" https://www.benzinga.com/news/21/04/20474656/nio-to-show-new-et7-at-april-shanghai-auto-show-reveals-first-glimpse-of-sedans-production-body"> ET7, the EV maker&#39;s fourth mass-produced model.</a>
The company also said it will release a series of initiatives and service solutions, and share the latest product&nbsp;development and progress.
Xpeng Inc. -&nbsp;ADR&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>): XPeng, which&nbsp;<a href=" https://www.benzinga.com/news/21/04/20619239/xpeng-unveils-the-p5-a-lidar-equipped-new-sedan-model-with-advanced-features-and-tech">officially launched its P5 EV sedan </a> Wednesday, announced&nbsp;the latest&nbsp;model will be on display at the event. The company also said it will give more details regarding specifications, performance, pricing and availability.
Toyota Motor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) announced&nbsp;it will have&nbsp;a world premiere for&nbsp;the new Lexus ES sedan. Lexus will also debut the recently revealed LF-Z electrified concept, as well as preview the design of the brand&#39;s future vehicles. Toyota will also introduce a new battery-electric crossover it is developing&nbsp;with Subaru.
General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>): The company&#39;s&nbsp;Cadillac LYRIQ show car will make its public debut at the event. Its&nbsp;Buick brand will showcase the&nbsp;Verano Pro midsize sedan.
Related Link: <a href=" https://www.benzinga.com/trading-ideas/long-ideas/21/04/20504783/3-hot-chinese-ev-stocks-with-growing-sales"> 3 Hot Chinese EV Stocks With Growing Sales </a>
Bayerische Motoren Werke ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>) will unveil its iX full-electric SUV, the Automotive News Europe reported, citing local Chinese media.
Honda Motor Co&nbsp;Ltd.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>) Chinese unit said it will have&nbsp;the world premiere of a prototype model of the first Honda-brand EV in China, as well as the world premiere of a new plug-in hybrid model.
Nissan Motor Co&nbsp;Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>) announced it will premiere the all-new Nissan X-Trail crossover, as well as introduce its e-POWER electrified powertrain technology.
More Than Vehicles: The auto show doesn&#39;t only feature&nbsp;automakers. Chinese drone manufacturer DJI is planning to launch its self-driving car technology, according to reports that cited posts in the company&#39;s WeChat account.
Auto component manufacturers will also be a part of the event.&nbsp;Continental AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cttay#OTC">CTTAY</a>) said it will focus on the topics of digitization, software and sensor technology at the show. Germany&#39;s Bosch will present its range of automotive semiconductors, including the new SiC Power MOSFETs for electric drive applications.
Related Link: <a href=" https://www.benzinga.com/government/21/04/20582480/a-major-ev-win-for-the-biden-administration"> A Major EV Win For The Biden Administration </a>
(Photo:&nbsp;IMAG GmbH via Auto Shanghai)

Events

Global

NSANY

XPEV

What To Expect At The Shanghai Auto Show: Nio, GM, Honda, Toyota and More

Apple Inc&rsquo;s&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aapl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAPL</a>) debut in the electric car space has the potential to unlock newer revenue streams for&nbsp;Continental AG&rsquo;s&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cttaf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CTTAF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cttay#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CTTAY</a>) Vitesco Technologies powertrain unit, capitalizing on Apple&rsquo;s unsuccessful attempts with&nbsp;Hyundai Motor Co&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hymtf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HYMTF</a>),&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-03-22/apple-car-would-be-welcomed-by-this-parts-maker-pivoting-to-evs?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.
<ul>
<li>Soon-to-be spun-off Vitesco does not have many options, according to Bloomberg.</li>
<li>Volkswagen AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vlkaf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VLKAF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vwagy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VWAGY</a>) shares surged last week when it announced that it expected the electric vehicles (EVs) to account for 50% of the sales by 2030.</li>
<li>Vitesco Chief Executive Officer Andreas Wolf said in an interview that an Apple car would be an exciting development.</li>
<li>Vitesco estimated &euro;2.5 billion in sales from turbocharger and injector manufacture that it expected to divest.</li>
<li>Vitesco expected to shift about a third of its sales into components for mild hybrids, plug-in hybrids, and fully electric cars over the next three to five years, including the deployment of existing products like engine controls into EVs.</li>
<li>Powertrain sales declined 11% to $8.3 billion (&euro;7 billion) in 2020 due to the pandemic. Its business was also dented by the disruption in automotive production triggered by the semiconductor crisis that might persist the entire year.</li>
<li>Vitesco targeted a spinoff by the second half of the year, followed by its foray into the EV space with German ball-bearings maker and 46% Continental stake owner&nbsp;Schaeffler AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/scflf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SCFLF</a>) as a potential partner.</li>
<li>Vitesco remains bullish over the company&rsquo;s turnaround spurred by the electric-car components, sensors, electronics, and the divestment of unprofitable businesses.</li>
<li>Price action:&nbsp;AAPL shares traded higher by 0.68% at $120.79 in the premarket session on the last check Monday.</li>
</ul>

HYMTF

SCFLF

Automotive Part Maker Vitesco Eyes Apple Car For Its EV Foray: Bloomberg

&nbsp;
<h2>Upgrades</h2>
<ul>
<li>According to Wolfe Research, the prior rating for Fisker Inc (NYSE:<a class="ticker" href="/stock/FSR#NYSE">FSR</a>) was changed from Underperform to Peer Perform. In the fourth quarter, Fisker earned $0.05. At the moment, the stock has a 52-week-high of $31.96 and a 52-week-low of $14.32. Fisker closed at $28.16 at the end of the last trading period.</li>
<li>According to Piper Sandler, the prior rating for Farmers National Banc Corp (NASDAQ:<a class="ticker" href="/stock/FMNB#NASDAQ">FMNB</a>) was changed from Neutral to Overweight. Farmers National Banc earned $0.45 in the fourth quarter, compared to $0.35 in the year-ago quarter. The stock has a 52-week-high of $15.43 and a 52-week-low of $9.82. At the end of the last trading period, Farmers National Banc closed at $14.29.</li>
<li>For Itron Inc (NASDAQ:<a class="ticker" href="/stock/ITRI#NASDAQ">ITRI</a>), Argus Research upgraded the previous rating of Hold to Buy. For the fourth quarter, Itron had an EPS of $0.65, compared to year-ago quarter EPS of $0.72. The stock has a 52-week-high of $120.80 and a 52-week-low of $40.48. At the end of the last trading period, Itron closed at $117.75.</li>
<li>According to Baird, the prior rating for WillScot Mobile Mini Holdings Corp (NASDAQ:<a class="ticker" href="/stock/WSC#NASDAQ">WSC</a>) was changed from Neutral to Outperform. The current stock performance of WillScot Mobile Mini shows a 52-week-high of $28.71 and a 52-week-low of $7.45. Moreover, at the end of the last trading period, the closing price was at $27.20.</li>
<li>According to Raymond James, the prior rating for Iridium Communications Inc (NASDAQ:<a class="ticker" href="/stock/IRDM#NASDAQ">IRDM</a>) was changed from Market Perform to Outperform. For the fourth quarter, Iridium Communications had an EPS of $0.06, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $54.65 and a 52-week-low of $16.87. At the end of the last trading period, Iridium Communications closed at $39.47.</li>
<li>According to Loop Capital, the prior rating for 3D Systems Corp (NYSE:<a class="ticker" href="/stock/DDD#NYSE">DDD</a>) was changed from Sell to Hold. In the fourth quarter, 3D Sys showed an EPS of $0.09, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $56.50 and a 52-week-low of $4.60. At the end of the last trading period, 3D Sys closed at $31.14.</li>
<li>For Eaton Corp PLC (NYSE:<a class="ticker" href="/stock/ETN#NYSE">ETN</a>), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the fourth quarter, Eaton Corp showed an EPS of $1.28, compared to $1.37 from the year-ago quarter. The current stock performance of Eaton Corp shows a 52-week-high of $135.84 and a 52-week-low of $56.41. Moreover, at the end of the last trading period, the closing price was at $133.92.</li>
<li>Goldman Sachs upgraded the previous rating for Alcoa Corp (NYSE:<a class="ticker" href="/stock/AA#NYSE">AA</a>) from Sell to Buy. For the fourth quarter, Alcoa had an EPS of $0.26, compared to year-ago quarter EPS of $0.31. The current stock performance of Alcoa shows a 52-week-high of $27.86 and a 52-week-low of $5.16. Moreover, at the end of the last trading period, the closing price was at $27.50.</li>
<li>For Rapid7 Inc (NASDAQ:<a class="ticker" href="/stock/RPD#NASDAQ">RPD</a>), Piper Sandler upgraded the previous rating of Neutral to Overweight. For the fourth quarter, Rapid7 had an EPS of $0.07, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $94.60 and a 52-week-low of $31.34. Rapid7 closed at $78.99 at the end of the last trading period.</li>
<li>According to JP Morgan, the prior rating for Casa Systems Inc (NASDAQ:<a class="ticker" href="/stock/CASA#NASDAQ">CASA</a>) was changed from Underweight to Neutral. Casa Systems earned $0.27 in the fourth quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.15 and a 52-week-low of $1.85. Casa Systems closed at $8.02 at the end of the last trading period.</li>
<li>JP Morgan upgraded the previous rating for Sensata Technologies Holding PLC (NYSE:<a class="ticker" href="/stock/ST#NYSE">ST</a>) from Neutral to Overweight. For the fourth quarter, Sensata Technologies had an EPS of $0.85, compared to year-ago quarter EPS of $0.89. The current stock performance of Sensata Technologies shows a 52-week-high of $61.64 and a 52-week-low of $18.25. Moreover, at the end of the last trading period, the closing price was at $59.68.</li>
<li>According to KeyBanc, the prior rating for Roku Inc (NASDAQ:<a class="ticker" href="/stock/ROKU#NASDAQ">ROKU</a>) was changed from Sector Weight to Overweight. Roku earned $0.49 in the fourth quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $486.72 and a 52-week-low of $58.22. Roku closed at $389.67 at the end of the last trading period.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
&nbsp;
<h2>Downgrades</h2>
<ul>
<li>For Camden Property Trust (NYSE:<a class="ticker" href="/stock/CPT#NYSE">CPT</a>), ScotiaBank downgraded the previous rating of Outperform to Sector Perform. In the fourth quarter, Camden Prop Trust showed an EPS of $1.00, compared to $1.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $115.03 and a 52-week-low of $62.48. Camden Prop Trust closed at $103.69 at the end of the last trading period.</li>
<li>According to HC Wainwright &amp; Co., the prior rating for Kopin Corp (NASDAQ:<a class="ticker" href="/stock/KOPN#NASDAQ">KOPN</a>) was changed from Buy to Neutral. For the fourth quarter, Kopin had an EPS of $0.02, compared to year-ago quarter EPS of $0.09. The current stock performance of Kopin shows a 52-week-high of $13.62 and a 52-week-low of $0.19. Moreover, at the end of the last trading period, the closing price was at $9.91.</li>
<li>For Adaptive Biotechnologies Corp (NASDAQ:<a class="ticker" href="/stock/ADPT#NASDAQ">ADPT</a>), Goldman Sachs downgraded the previous rating of Buy to Neutral. For the fourth quarter, Adaptive Biotechnologies had an EPS of $0.33, compared to year-ago quarter EPS of $0.17. The current stock performance of Adaptive Biotechnologies shows a 52-week-high of $71.25 and a 52-week-low of $15.19. Moreover, at the end of the last trading period, the closing price was at $53.11.</li>
<li>Mizuho downgraded the previous rating for Black Hills Corp (NYSE:<a class="ticker" href="/stock/BKH#NYSE">BKH</a>) from Buy to Neutral. In the fourth quarter, Black Hills showed an EPS of $1.23, compared to $1.13 from the year-ago quarter. The current stock performance of Black Hills shows a 52-week-high of $81.43 and a 52-week-low of $48.07. Moreover, at the end of the last trading period, the closing price was at $59.94.</li>
<li>According to Goldman Sachs, the prior rating for Owens-Corning Inc (NYSE:<a class="ticker" href="/stock/OC#NYSE">OC</a>) was changed from Buy to Sell. Owens-Corning earned $1.90 in the fourth quarter, compared to $1.13 in the year-ago quarter. The current stock performance of Owens-Corning shows a 52-week-high of $87.89 and a 52-week-low of $28.56. Moreover, at the end of the last trading period, the closing price was at $83.09.</li>
<li>According to RBC Capital, the prior rating for Rocket Companies Inc (NYSE:<a class="ticker" href="/stock/RKT#NYSE">RKT</a>) was changed from Outperform to Sector Perform. Rocket Companies earned $1.14 in the fourth quarter. The current stock performance of Rocket Companies shows a 52-week-high of $43.00 and a 52-week-low of $17.78. Moreover, at the end of the last trading period, the closing price was at $41.60.</li>
<li>According to Piper Sandler, the prior rating for KeyCorp (NYSE:<a class="ticker" href="/stock/KEY#NYSE">KEY</a>) was changed from Overweight to Neutral. In the fourth quarter, KeyCorp showed an EPS of $0.56, compared to $0.48 from the year-ago quarter. The stock has a 52-week-high of $21.81 and a 52-week-low of $7.45. At the end of the last trading period, KeyCorp closed at $20.64.</li>
<li>Berenberg downgraded the previous rating for LivaNova PLC (NASDAQ:<a class="ticker" href="/stock/LIVN#NASDAQ">LIVN</a>) from Buy to Hold. For the fourth quarter, LivaNova had an EPS of $0.71, compared to year-ago quarter EPS of $1.00. The current stock performance of LivaNova shows a 52-week-high of $79.98 and a 52-week-low of $33.40. Moreover, at the end of the last trading period, the closing price was at $76.23.</li>
<li>For Prudential Financial Inc (NYSE:<a class="ticker" href="/stock/PRU#NYSE">PRU</a>), JP Morgan downgraded the previous rating of Overweight to Neutral. Prudential Financial earned $2.93 in the fourth quarter, compared to $2.33 in the year-ago quarter. The current stock performance of Prudential Financial shows a 52-week-high of $91.61 and a 52-week-low of $38.62. Moreover, at the end of the last trading period, the closing price was at $88.94.</li>
</ul>
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
&nbsp;
<h2>Initiations</h2>
<ul>
<li>JonesTrading initiated coverage on Equillium Inc (NASDAQ:<a class="ticker" href="/stock/EQ#NASDAQ">EQ</a>) with a Buy rating. The price target for Equillium is set to $14.00. For the third quarter, Equillium had an EPS of $0.31, compared to year-ago quarter EPS of $0.35. The current stock performance of Equillium shows a 52-week-high of $27.05 and a 52-week-low of $2.20. Moreover, at the end of the last trading period, the closing price was at $7.20.</li>
<li>With a Buy rating, Jefferies initiated coverage on Gemini Therapeutics Inc (NASDAQ:<a class="ticker" href="/stock/GMTX#NASDAQ">GMTX</a>). The price target seems to have been set at $23.00 for Gemini Therapeutics. The stock has a 52-week-high of $16.64 and a 52-week-low of $11.06. At the end of the last trading period, Gemini Therapeutics closed at $16.01.</li>
<li>With an Outperform rating, Bernstein initiated coverage on NextEra Energy Inc (NYSE:<a class="ticker" href="/stock/NEE#NYSE">NEE</a>). The price target seems to have been set at $88.00 for NextEra Energy. In the fourth quarter, NextEra Energy showed an EPS of $0.40, compared to $1.44 from the year-ago quarter. The stock has a 52-week-high of $1232.24 and a 52-week-low of $71.94. At the end of the last trading period, NextEra Energy closed at $75.56.</li>
<li>For Resideo Technologies Inc (NYSE:<a class="ticker" href="/stock/REZI#NYSE">REZI</a>), William Blair initiated coverage, by setting the current rating at Market Perform. In the fourth quarter, Resideo Technologies showed an EPS of $0.44, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $29.48 and a 52-week-low of $3.72. At the end of the last trading period, Resideo Technologies closed at $25.81.</li>
<li>With an Outperform rating, Evercore ISI Group initiated coverage on Vor Biopharma Inc (NASDAQ:<a class="ticker" href="/stock/VOR#NASDAQ">VOR</a>). The price target seems to have been set at $48.00 for Vor Biopharma. The current stock performance of Vor Biopharma shows a 52-week-high of $63.62 and a 52-week-low of $25.32. Moreover, at the end of the last trading period, the closing price was at $42.59.</li>
<li>Barclays initiated coverage on Danaher Corp (NYSE:<a class="ticker" href="/stock/DHR#NYSE">DHR</a>) with an Overweight rating. The price target for Danaher is set to $260.00. Danaher earned $2.08 in the fourth quarter, compared to $1.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $248.86 and a 52-week-low of $119.60. Danaher closed at $223.93 at the end of the last trading period.</li>
<li>Oppenheimer initiated coverage on ChargePoint Holdings Inc (NYSE:<a class="ticker" href="/stock/CHPT#NYSE">CHPT</a>) with an Outperform rating. The price target for ChargePoint Holdings is set to $39.00. The current stock performance of ChargePoint Holdings shows a 52-week-high of $33.35 and a 52-week-low of $28.00. Moreover, at the end of the last trading period, the closing price was at $28.57.</li>
<li>Barclays initiated coverage on Thermo Fisher Scientific Inc (NYSE:<a class="ticker" href="/stock/TMO#NYSE">TMO</a>) with an Overweight rating. The price target for Thermo Fisher Scientific is set to $525.00. In the fourth quarter, Thermo Fisher Scientific showed an EPS of $7.09, compared to $3.55 from the year-ago quarter. The current stock performance of Thermo Fisher Scientific shows a 52-week-high of $532.57 and a 52-week-low of $250.21. Moreover, at the end of the last trading period, the closing price was at $463.20.</li>
<li>With a Equal-Weight rating, Barclays initiated coverage on Syneos Health Inc (NASDAQ:<a class="ticker" href="/stock/SYNH#NASDAQ">SYNH</a>). The price target seems to have been set at $84.00 for Syneos Health. In the fourth quarter, Syneos Health showed an EPS of $1.11, compared to $1.03 from the year-ago quarter. The current stock performance of Syneos Health shows a 52-week-high of $81.35 and a 52-week-low of $30.02. Moreover, at the end of the last trading period, the closing price was at $75.50.</li>
<li>Barclays initiated coverage on PPD Inc (NASDAQ:<a class="ticker" href="/stock/PPD#NASDAQ">PPD</a>) with an Overweight rating. The price target for PPD is set to $42.00. For the fourth quarter, PPD had an EPS of $0.39, compared to year-ago quarter EPS of $0.33. The current stock performance of PPD shows a 52-week-high of $38.76 and a 52-week-low of $10.61. Moreover, at the end of the last trading period, the closing price was at $35.99.</li>
<li>With an Overweight rating, Barclays initiated coverage on Sotera Health Co (NASDAQ:<a class="ticker" href="/stock/SHC#NASDAQ">SHC</a>). The price target seems to have been set at $35.00 for Sotera Health. The current stock performance of Sotera Health shows a 52-week-high of $28.62 and a 52-week-low of $24.36. Moreover, at the end of the last trading period, the closing price was at $26.56.</li>
<li>Barclays initiated coverage on Ortho Clinical Diagnostics Holdings PLC (NASDAQ:<a class="ticker" href="/stock/OCDX#NASDAQ">OCDX</a>) with an Overweight rating. The price target for Ortho Clinical Diagnostic is set to $24.00. At the moment, the stock has a 52-week-high of $18.65 and a 52-week-low of $15.14. Ortho Clinical Diagnostic closed at $17.57 at the end of the last trading period.</li>
<li>Barclays initiated coverage on IQVIA Holdings Inc (NYSE:<a class="ticker" href="/stock/IQV#NYSE">IQV</a>) with an Overweight rating. The price target for IQVIA Holdings is set to $220.00. IQVIA Holdings earned $2.11 in the fourth quarter, compared to $1.74 in the year-ago quarter. The stock has a 52-week-high of $199.99 and a 52-week-low of $81.79. At the end of the last trading period, IQVIA Holdings closed at $192.65.</li>
<li>With a Equal-Weight rating, Barclays initiated coverage on Icon PLC (NASDAQ:<a class="ticker" href="/stock/ICLR#NASDAQ">ICLR</a>). The price target seems to have been set at $200.00 for Icon. Icon earned $1.90 in the fourth quarter, compared to $1.83 in the year-ago quarter. The current stock performance of Icon shows a 52-week-high of $223.62 and a 52-week-low of $104.28. Moreover, at the end of the last trading period, the closing price was at $171.87.</li>
<li>With an Overweight rating, Barclays initiated coverage on Certara Inc (NASDAQ:<a class="ticker" href="/stock/CERT#NASDAQ">CERT</a>). The price target seems to have been set at $40.00 for Certara. The current stock performance of Certara shows a 52-week-high of $41.79 and a 52-week-low of $29.70. Moreover, at the end of the last trading period, the closing price was at $35.49.</li>
<li>Needham initiated coverage on CuriosityStream Inc (NASDAQ:<a class="ticker" href="/stock/CURI#NASDAQ">CURI</a>) with a Buy rating. The price target for CuriosityStream is set to $25.00. Interestingly, in the third quarter, CuriosityStream&#39;s EPS was $0.56. The current stock performance of CuriosityStream shows a 52-week-high of $24.00 and a 52-week-low of $7.44. Moreover, at the end of the last trading period, the closing price was at $18.63.</li>
<li>With an Overweight rating, Barclays initiated coverage on Avantor Inc (NYSE:<a class="ticker" href="/stock/AVTR#NYSE">AVTR</a>). The price target seems to have been set at $33.00 for Avantor. In the fourth quarter, Avantor showed an EPS of $0.29, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $31.05 and a 52-week-low of $6.66. At the end of the last trading period, Avantor closed at $28.74.</li>
<li>Barclays initiated coverage on Illumina Inc (NASDAQ:<a class="ticker" href="/stock/ILMN#NASDAQ">ILMN</a>) with an Underweight rating. The price target for Illumina is set to $325.00. In the fourth quarter, Illumina showed an EPS of $1.22, compared to $1.70 from the year-ago quarter. The current stock performance of Illumina shows a 52-week-high of $555.77 and a 52-week-low of $196.78. Moreover, at the end of the last trading period, the closing price was at $441.01.</li>
<li>KeyBanc initiated coverage on OneWater Marine Inc (NASDAQ:<a class="ticker" href="/stock/ONEW#NASDAQ">ONEW</a>) with an Overweight rating. The price target for OneWater Marine is set to $43.00. Interestingly, in the first quarter, OneWater Marine&#39;s EPS was $0.71. The stock has a 52-week-high of $38.71 and a 52-week-low of $3.41. At the end of the last trading period, OneWater Marine closed at $37.24.</li>
</ul>
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Syneos Health, Inc. - Class A Common Stock

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Benzinga's Top Ratings Upgrades, Downgrades For March 3, 2021

UBS analyst David Lesne upgrades Continental (OTC:<a class="ticker" href="/stock/CTTAY#OTC">CTTAY</a>) from Neutral to Buy.

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