Latest news for DAVIDsTEA (OTC:DTEAF) Stock

DAVIDsTEA Inc is a company functional in Canada's packaged foods market. Operating as a branded retailer of different types of tea, the company serves through DAVIDsTEA stores and its website, davidstea.com. Its business involves the sale of three main products; Tea, Tea Accessories and Food and Beverages. Tea products such as loose-leaf teas, pre-packaged teas, and tea sachets account for the majority of the company's sales. The Company has two operating segments, Canada, and the U.S; that derive their revenues from various distribution channels including online, retail and wholesale. The Company derives revenue from Tea, Tea accessories and Food and beverages products. Majority revenue is derived from Tea products.

DAVIDsTEA Inc

Needham analyst Ami Fadia downgrades Biogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) from Buy to Hold and maintains the price target from $270 to $270.

News

Downgrades

Price Target

Analyst Ratings

BIIB

Needham Downgrades Biogen to Hold, Maintains Price Target to $270

Business Outlook
For the fourth quarter of 2024, the Company expects the total revenues to be around RMB135 million, representing an increase of 138.5% year-over-year. With that, the total revenue for the year of 2024 is expected to reach RMB427 million, with a year-on-year increase of 263.5%.

Earnings

Guidance

EHang Expects Q4 Total Revenues To Be Around RMB135M; Sees 2024 Revenue Of RMB427M (+263.5% YoY)

EHang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) reported quarterly losses of $(0.10) per share which beat the analyst consensus estimate of $(0.12) by 16.67 percent. The company reported quarterly sales of $18.258 million which beat the analyst consensus estimate of $16.243 million by 12.41 percent. This is a 365.53 percent increase over sales of $3.922 million the same period last year.

Earnings Beats

EHang Holdings Q3 2024 Adj. EPS $(0.10) Beats $(0.12) Estimate, Sales $18.258M Beat $16.243M Estimate

Needham analyst Mike Matson reiterates Medtronic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Medtronic

SpaceX COO Gwynne Shotwell on Friday criticized regulators for slowing down the pace of innovation at her rocket manufacturing company.
What Happened: &#8220;Permissions are a different thing. Technology is easy. Physics is easy. People are hard; regulator people are the hardest,&#8221; Shotwell said at a conference hosted by Baron Capital in New York on Friday. The CEO also alleged that regulations are slowing down innovation in the U.S.
&#8220;All we ask is: regulate industries. Make them safe, make them right, make them fair. But we've got to go faster. Much faster,&#8221; Shotwell said. 
In September, SpaceX said in a blog post that the <a href="https://www.benzinga.com/news/24/09/40976555/elon-musk-shares-it-takes-multiple-fish-licenses-to-launch-a-rocket-i-dont-think-the-public-is-quite">delay in getting regulatory approvals </a>for the fifth test flight of its ambitious Starship, despite the launch vehicle being ready, is because the Federal Aviation Administration (FAA) is consulting with the U.S. Fish and Wildlife on the impact of the proposed flight on surrounding wildlife, among other reasons.
The Starship licensing process, the company then said, is being "derailed by issues ranging from the frivolous to the patently absurd."
Bureaucracy is rising and the regulatory red tape is affecting all large projects in America including Starship, company CEO Elon Musk <a href="https://www.benzinga.com/news/24/10/41422292/spacex-ceo-elon-musk-slams-overregulation-in-space-travel-as-he-campaigns-for-trump-if-starship-did">previously alleged. </a>
Why It Matters: President-elect Donald Trump has now named Elon Musk&nbsp;and former Republican presidential candidate&nbsp;Vivek Ramaswamy <a href="https://www.benzinga.com/news/24/11/41965420/elon-musk-vivek-ramaswamy-led-department-of-government-efficiency-opens-account-on-x-says-it-is-working-overtime">to head the</a> Department of Government Efficiency aimed at bringing down government bureaucracy, slashing excess regulations, cutting waste expenditures, and restructuring federal agencies. 
Asked about the impact of Musk being named for the Department, Shotwell said, &#8220;I think the hope is, by the way, with this administration and this committee and probably others, I think everyone is starting to recognize in all industries that regulation really needs to be reinvented.&#8221;
She added that regulatory organizations and regulations both ought to be more efficient, faster, and better. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/24/11/42025066/elon-musks-spacex-delays-starship-test-flight-next-attempt-now-set-for-tuesday" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s SpaceX Delays Starship Test Flight, Next Attempt Now Set For Tuesday</a></li>
</ul>
Photo courtesy: Daniel Oberhaus on Flickr

SPACE

Tech

SpaceX's Gwynne Shotwell Accuses Regulators Of Slowing Down Innovation: 'Physics Is Easy. People Are Hard'

Redburn Atlantic analyst Richard Radbourne initiates coverage on Ingram Micro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INGM#NYSE">INGM</a>) with a Buy rating and announces Price Target of $30.

Initiation

INGM

Redburn Atlantic Initiates Coverage On Ingram Micro Holding with Buy Rating, Announces Price Target of $30

Marc Benioff, the CEO of Salesforce.com Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), has given a ringing endorsement to Alphabet Inc&#8217;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>) Google for its artificial intelligence voice assistant, Gemini Live.
What Happened: In a recent post on X, Benioff expressed his admiration for the AI tool, praising its zero latency and labeling it the &#8220;future of consumer AI.&#8221; He also commended Google CEO Sundar Pichai for the innovation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just downloaded Gemini Live, and I'm absolutely blown away. Speaking directly to AI with zero latency—this voice interaction is the future of consumer AI. Incredible work, <a href="https://twitter.com/sundarpichai?ref_src=twsrc%5Etfw">@sundarpichai</a>. Truly groundbreaking. Try it immediately: <a href="https://t.co/PysnzJsh7f">https://t.co/PysnzJsh7f</a>"
&mdash; Marc Benioff (@Benioff) <a href="https://twitter.com/Benioff/status/1858259054277415292?ref_src=twsrc%5Etfw">November 17, 2024</a></blockquote>
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Benioff&#8217;s positive review of Gemini Live comes in the <a href="https://www.benzinga.com/markets/equities/24/10/41538144/marc-benioff-warns-microsofts-copilot-spills-corporate-data-emphasizes-security-gaps-ahead-of-sa">wake of his public criticism</a> of Microsoft Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) AI assistant, Copilot, which he has previously described as &#8220;disappointing.&#8221;
Google launched the smartphone app for Gemini Live on Apple Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) App Store just a few months after making the virtual assistant free for users. The app allows users to interact with an AI chatbot through natural conversation.
See Also: <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">Nvidia&#8217;s Blackwell Chips Are Extra Toasty, Server Overheating Issues Impact Meta, Microsoft And Elon Musk&#8217;s xAI</a>
Why It Matters: Benioff&#8217;s endorsement of Gemini Live is significant in the context of the ongoing AI race among tech giants. This development underscores the growing importance of AI in consumer and business applications, as well as the increasing competition among companies to develop cutting-edge AI tools.
On Sunday, Elon Musk predicted that AI would <a href="https://www.benzinga.com/tech/24/11/42029736/elon-musk-says-ai-will-surpass-doctors-lawyers-after-chatgpt-tops-medical-diagnoses-humans-becoming-biological-backups">surpass doctors and lawyers</a> after a study revealed that OpenAI&#8216;s ChatGPT-4 outperformed medical professionals in diagnosing illnesses. This further emphasizes the rapid advancements in AI technology and its potential to revolutionize various industries.
Meanwhile, OpenAI is set to launch a new AI agent, codenamed &#8220;Operator,&#8221; in January. This development adds another layer to the AI competition, as companies continue to push the <a href="https://www.benzinga.com/media/24/11/41964846/openais-operator-ai-agent-will-perform-tasks-like-coding-travel-booking-and-more-launch-expected-in-january-next-year-report">boundaries of AI capabilities</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42028523/cathie-wood-draws-reagan-era-parallels-as-elon-musk-takes-doge-helm-this-bull-market-has-just-begun-to-broaden-out?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Draws Reagan-Era Parallels As Elon Musk Takes DOGE Helm: &#8216;This Bull Market Has Just Begun To Broaden Out&#8217;</a></li>
</ul>
Photo courtesy: Google
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

GOOG

GOOGL

MSFT

Salesforce CEO Marc Benioff Lauds Google's 'Truly Groundbreaking' Gemini AI After Taking Jabs At Microsoft's Copilot

An Ohio-based operator of the darknet cryptocurrency mixer has been sentenced to a three-year prison term after being found guilty of laundering over $300 million in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: According to the <a href="https://www.justice.gov/opa/pr/operator-helix-darknet-cryptocurrency-mixer-sentenced-money-laundering-conspiracy-and">U.S. Department of Justice</a>, 41-year-old Larry Dean Harmon was the brains behind Helix, a darknet mixer that played a crucial role in laundering customers&#8217; Bitcoin from 2014 to 2017. The platform became a preferred choice for online drug dealers looking to hide the trail of their illegal earnings. 
The service processed about 354,468 Bitcoin, equivalent to around $311.14 million at the time of the transactions and more than $32.52 billion at current market rates
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42028523/cathie-wood-draws-reagan-era-parallels-as-elon-musk-takes-doge-helm-this-bull-market-has-just-begun-to-broaden-out">Cathie Wood Draws Reagan-Era Parallels As Elon Musk Takes DOGE Helm: &#8216;This Bull Market Has Just Begun To Broaden Out&#8217;</a>
On Aug. 18, 2021, Harmon admitted to conspiracy to commit money laundering. Besides his prison term, Harmon was sentenced to three years of supervised release and ordered to forfeit over $400 million in seized cryptocurrencies, real estate, and other monetary assets.
Why It Matters: This case is part of a broader crackdown on darknet cryptocurrency mixers in recent years. 
In 2022, Tornado Cash, arguably the most popular of all cryptocurrency mixers, <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36190138/vivek-ramaswamy-thinks-penalizing-tornado-cash-mixer-was-illegal-and-unconstitutional">was blacklisted by the&nbsp;Department of Treasury,</a> making it illegal for U.S. citizens, residents, and companies to use.
Tornado Cash founders, Roman Storm, and Roman Semenov were indicted in 2023 <a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34010989/tornado-cash-founders-indicted-for-1b-crypto-laundering-1-arrest-1-at-large">for allegedly operating a cryptocurrency mixer that laundered more than $1 billion,</a> including funds from the notorious North Korean cybercrime group Lazarus Group.
The darknet has been a hotbed for illicit activities, with cryptocurrencies often used as a medium for transactions. In a similar case, Ross Ulbricht, the creator of the online illegal drug marketplace Silk Road, has been serving a double life sentence since 2013. 
Ulbricht awaits a pardon from President-elect Donald Trump, who <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41929407/silk-road-creator-ross-ulbricht-awaits-trumps-promised-pardon-for-bitcoin-aided-crimes-see-the-light-of-freedom-at-the-end-of-the-tunnel">promised </a>to commute the former&#8217;s sentence if elected to power.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/42027165/musks-doge-role-boosts-dogecoin-as-brian-armstrong-shows-support">Musk&#8217;s DOGE Role Boosts Dogecoin As Brian Armstrong Shows Support</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

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

Cryptocurrency

Markets

$BTC

Man Who Facilitated Bitcoin Laundering Worth Over $300M Sentenced To 3 Years In Prison

Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) today announced that it has entered into a restructuring support agreement (the "RSA") supported by a supermajority of Spirit's loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring. The restructuring is expected to reduce Spirit's debt, provide increased financial flexibility, position Spirit for long-term success and accelerate investments providing Guests with enhanced travel experiences and greater value. &nbsp;
In connection with the RSA, Spirit has received backstopped commitments for a $350 million equity investment from existing bondholders and will complete a deleveraging transaction to equitize $795 million of funded debt. To implement the RSA, the Company has commenced a prearranged chapter 11 process in the United States Bankruptcy Court for the Southern District of New York (the "Court"). Existing bondholders are also providing $300 million in debtor-in-possession ("DIP") financing, which, together with Spirit's available cash reserves and cash provided by operations, is expected to further support the Company through the chapter 11 process.&nbsp;
Spirit expects to continue operating its business in the normal course throughout this prearranged, streamlined chapter 11 process. Guests can continue to book and fly without interruption and can use all tickets, credits and loyalty points as normal. The chapter 11 process itself will not impact Team Member wages or benefits, which are continuing to be paid and honored for those employed by Spirit. Vendors, aircraft lessors and holders of secured aircraft indebtedness will continue to be paid in the ordinary course and will not be impaired.
"I am pleased we have reached an agreement with a supermajority of both our loyalty and convertible bondholders on a comprehensive recapitalization of the Company, which is a strong vote of confidence in Spirit and our long-term plan," said Ted Christie, Spirit's President and Chief Executive Officer. "This set of transactions will materially strengthen our balance sheet and position Spirit for the future while we continue executing on our strategic initiatives to transform our Guest experience, providing new enhanced travel options, greater value and increased flexibility. I'm extremely proud of the Spirit team's hard work and dedication, which is key to our sustained progress in advancing our business and delivering for our Guests."  &nbsp;
As part of the chapter 11 process, Spirit is filing a proposed Plan of Reorganization (the "Plan") that incorporates the agreed terms of the RSA and is subject to confirmation by the Court. The Company has received support from a supermajority of its loyalty and convertible bondholders and expects to emerge from a streamlined chapter 11 process in the first quarter of 2025.&nbsp;
In conjunction with the petition, Spirit has filed a series of first-day motions, which, once approved by the Court, will further facilitate the Company operating its business in the ordinary course during the streamlined chapter 11 process.  &nbsp;
As a result of the chapter 11 filing, Spirit expects to be delisted from the New York Stock Exchange in the near term. The Company expects that its common stock will continue to trade in the over-the-counter marketplace through the chapter 11 process. The shares are expected to be cancelled and have no value as part of Spirit's restructuring.&nbsp;

SAVE

Spirit Airlines Enters Bankruptcy Restructuring: Plans to Cut Debt, Secure $350M Investment

RBC Capital analyst Victoria McCulloch initiates coverage on TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Outperform rating and announces Price Target of $37.

RBC Capital Initiates Coverage On TechnipFMC with Outperform Rating, Announces Price Target of $37

JMP Securities analyst Rustam Kanga initiates coverage on Penguin Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) with a Market Outperform rating and announces Price Target of $23.

Penguin Solutions, Inc. - Ordinary Shares

PENG

JMP Securities Initiates Coverage On Penguin Solutions with Market Outperform Rating, Announces Price Target of $23

JMP Securities analyst Silvan Tuerkcan initiates coverage on enGene Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENGN#NASDAQ">ENGN</a>) with a Market Outperform rating and announces Price Target of $18.

ENGN

JMP Securities Initiates Coverage On enGene Holdings with Market Outperform Rating, Announces Price Target of $18

Morgan Stanley analyst Stephen Grambling maintains Hyatt Hotels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) with a Equal-Weight and lowers the price target from $160 to $153.

Morgan Stanley Maintains Equal-Weight on Hyatt Hotels, Lowers Price Target to $153

Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) have long been discussing integrating Gemini into the iOS ecosystem. However, the timeline for this integration may not happen until next year.
What Happened: In his latest weekly "Power On" newsletter, Bloomberg columnist Mark Gurman said Apple could give OpenAI an exclusive period before integrating Gemini.
The analyst expects Gemini&#8217;s arrival on iOS to be somewhere next year. However, whether this will occur in the spring, coinciding with iOS 18.4, or later during the iOS 19 release cycle, remains unclear.
Previously it was reported that Apple is partnering with certain companies to improve its AI features.
The tech giant has already collaborated with OpenAI to bring ChatGPT to iOS, with the integration now available in the iOS 18.2 beta, set for release in December.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/10/41616337/google-bought-youtube-for-1-65b-and-now-it-prints-50b-in-revenue-just-in-1-year-sundar-pich">Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year</a>
There are also speculations about potential integrations with Google&#8217;s Gemini and Anthropic&#8217;s Claude. In June, Apple&#8217;s software executive, Craig Federighi, expressed interest in integrating Gemini with Apple Intelligence.
Previously, it was also reported that the Tim Cook-led company has rejected Meta Platforms Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) proposal to <a href="https://www.benzinga.com/news/24/06/39447797/apple-eyes-meta-for-potentially-game-changing-ai-partnership-report">integrate its AI chatbot</a>, Llama, into the iPhone.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier this month, Google rolled <a href="https://www.benzinga.com/tech/24/11/41835032/google-gemini-rolls-out-utilities-extension-for-android-heres-what-all-you-can-do-with-it">out a "Utilities" extension</a> for Android users, improving user control over alarms, timers, apps, and media.
Last week, <a href="https://www.benzinga.com/tech/24/11/41891904/googles-standalone-gemini-app-for-iphone-spotted-with-live-activity-what-it-could-mean-for-your-ai-experience">Google&#8217;s standalone Gemini app</a> was also spotted on the App Store, featuring Gemini Live, a feature not yet available in the integrated Google app.
This allows users to stay active while they continue to use their phones.
These developments come on the heels of Alphabet&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">strong third-quarter earnings</a>, indicating a promising trajectory for the tech giant&#8217;s AI endeavors.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41562574/google-is-working-on-an-ai-system-named-jarvis-to-handle-your-search-shopping-and-flight-booking-nee">Google Is Working On An AI System Named &#8216;Jarvis&#8217; To Handle Your Search, Shopping, And Flight Booking Needs: Report</a></li>
</ul>
Photo courtesy: Google

Media

Here's When Google Gemini Could Be Integrated With Apple Intelligence

Morgan Stanley analyst Kristine Liwag maintains Loar Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) with a Equal-Weight and raises the price target from $75 to $89.

LOAR

Morgan Stanley Maintains Equal-Weight on Loar Holdings, Raises Price Target to $89

NCR Atleos Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/natl#NYSE">NATL</a>) ("Atleos"), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that NatWest Group, one of the UK's largest banking
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ncratleos.com%2F&amp;esheet=54153947&amp;newsitemid=20241118525406&amp;lan=en-US&amp;anchor=NCR+Atleos&amp;index=1&amp;md5=35a19078329591552f4cf134587a7dc3">NCR Atleos</a> Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NATL#NYSE">NATL</a>) ("Atleos"), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.natwestgroup.com%2F&amp;esheet=54153947&amp;newsitemid=20241118525406&amp;lan=en-US&amp;anchor=NatWest+Group&amp;index=2&amp;md5=3032ce2d069c16d9faec05ff978e2117">NatWest Group</a>, one of the UK's largest banking organisations serving over 19 million customers, has expanded its relationship with NCR Atleos to transform its self-service banking channel, building a strong foundation for innovation and success.
NatWest Group, which includes well-known brands such as NatWest Bank, Royal Bank of Scotland, and Ulster Bank, has a long history of serving diverse customers and communities across the UK. As part of its commitment to modernisation and improving customer experiences, the organisation identified the need for a more agile and efficient self-service banking platform.
Through its collaboration with NCR Atleos, NatWest Group is in the process of upgrading its owned and partner network of more than 5,500 ATMs and multi-function devices. This refresh will streamline NatWest Group branch and self-service operations, optimise availability and enable faster deployment of new transactions and services. The programme includes the replacement of all NatWest owned ATMs and multi-function devices with new NCR Atleos technology that will provide a new innovative customer interface presented on 19" touchscreen displays. NCR Atleos' technology is enabling NatWest Group brands to deliver secure, uninterrupted access to cash and essential financial services, reinforcing their role as a reliable banking provider to the Group's 19 million customers and wider communities across the UK.

NATL

NatWest Group Partners with NCR Atleos to Revamp Self-Service Banking for 19M Customers

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>)&nbsp;(TASE: ESLT)&nbsp;("Elbit Systems" or the "Company") announced today that it was awarded contracts worth a total amount of approximately $335 million, to supply defense systems to a European country. The contracts include the supply of PULS&#x2122;&nbsp;(Precise and Universal Launching Systems) rocket launchers and rockets, as well as Hermes&#x2122;&nbsp;900 Unmanned Aircraft Systems (UAS) equipped with advanced payloads. The contracts will be performed over a period of three years and six months.&nbsp;
&nbsp;
Elbit Systems' PULS provides a comprehensive and cost-effective solution capable of launching unguided rockets, precision-guided munitions, and missiles with various ranges. The PULS launcher is fully adaptable to existing wheeled and tracked platforms, enabling significant reductions in maintenance and training costs.
The Hermes&nbsp;900&nbsp;multi-role MALE UAS is Elbit Systems' largest unmanned aerial vehicle, designed to perform a wide range of missions, including area dominance and persistent intelligence, surveillance, target acquisition and reconnaissance (ISTAR) across land and maritime domains. Since its first order in 2011, the Hermes 900 has been selected by over 20 customers worldwide.

Government

Regulations

ESLT

Elbit Systems Secures $335M European Defense Contract for Rocket Launchers and Drones

Cryptocurrency analysts are forecasting a significant shift in market dynamics, suggesting Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) recent dominance could decline in favor of alternative <a href="https://www.benzinga.com/24/11/42028334/bitcoin-ethereum-dogecoin-slip-as-feds-hawkish-stance-tempers-rally-analyst-expects-btc-to-reach-100k-before-new-year">cryptocurrencies by the end of this month</a>.
What Happened: Leading cryptocurrency trader Milkybull predicts a &#8220;violent decline&#8221; in Bitcoin&#8217;s market dominance next month, projecting an &#8220;altseason&#8221; that could extend through March. &#8220;It&#8217;s going to get wild for the next few months,&#8221; Milkybull posted on X, formerly Twitter.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin dominance violent declines begin next month. This perfectly coincides with our previous projection that <a href="https://twitter.com/hashtag/ALTSEASON?src=hash&amp;ref_src=twsrc%5Etfw">#ALTSEASON</a> will begin late this month and end in March 2025. It&#39;s going to get wild for the next few months. <a href="https://t.co/j2qMKexeXU">pic.twitter.com/j2qMKexeXU</a>
&mdash; Mikybull &#x1f402;Crypto (@MikybullCrypto) <a href="https://twitter.com/MikybullCrypto/status/1858083910183419915?ref_src=twsrc%5Etfw">November 17, 2024</a></blockquote>
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Technical analyst Ash Crypto echoed similar sentiments, citing that the altcoin market cap&#8217;s two-week MACD indicator approaches a &#8220;golden cross,&#8221; a pattern not seen since 2023. &#8220;Last time it happened, altcoin market cap pumped 300%,&#8221; Ash noted, predicting &#8220;the biggest altseason&#8221; within 4-6 weeks.
The MACD, or Moving Average Convergence/Divergence indicator, is a technical indicator that is used to trade based on trends.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">THE BIGGEST ALTSEASON WILL START WITHIN 4-6 WEEKS &#x1f6a8; ALTCOIN MCAP 2W MACD IS APPROACHING A GOLDEN CROSS FOR THE FIRST TIME SINCE 2023 LAST TIME IT HAPPENED, ALTCOIN MCAP PUMPED 300% BE READY FOR A 100X ALTSEASON <a href="https://t.co/OV6RiHhhlD">pic.twitter.com/OV6RiHhhlD</a>
&mdash; Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1858088960876036531?ref_src=twsrc%5Etfw">November 17, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42028720/gita-gopinath-of-imf-alarmed-by-crypto-and-ai-energy-use-says-share-expected-to-match-japans-current-power-consumption-in-just-3-years">Gita Gopinath Of IMF Alarmed By Crypto And AI Energy Use, Says Share Expected To Match Japan&#8217;s Current Power Consumption In Just 3 Years</a>
Why It Matters: Altcoin Season occurs when 75% of alternative cryptocurrencies outperform Bitcoin. Several major altcoins have already shown momentum, with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and Polkadot (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/dot/usd">DOT</a>) each gaining over 10% in the past week.
Meanwhile, Bitcoin continues its strong performance, trading at $91,648.28, marking a 34% increase over the past month. However, analysts suggest this growth might temporarily <a href="https://www.benzinga.com/24/11/42028334/bitcoin-ethereum-dogecoin-slip-as-feds-hawkish-stance-tempers-rally-analyst-expects-btc-to-reach-100k-before-new-year">slow as investors rotate into altcoins</a>.
The timing of these predictions coincides with Bitcoin&#8217;s recent all-time highs and the growing institutional adoption of cryptocurrencies, particularly following the approval of spot Bitcoin ETFs in January.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42028334/bitcoin-ethereum-dogecoin-slip-as-feds-hawkish-stance-tempers-rally-analyst-expects-btc-to-reach-100k-before-new-year">Bitcoin, Ethereum, Dogecoin Slip As Fed&#8217;s Hawkish Stance Tempers Rally: Analyst Expects BTC To Reach $100K Before New Year</a></li>
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

$ADA

$DOGE

$DOT

$ETH

$SOL

$XRP

Bitcoin Dominance Decline Expected Next Month, Analyst Projects 'Altseason' To Peak By March 2025

The Exploration Company (TEC) has announced a successful funding round, raising $160 million to further develop its reusable space capsule, &#8220;Nyx.&#8221; This capsule is designed to transport both astronauts and cargo to space stations.
What Happened: The funding round was led by venture capital firms Balderton Capital and Plural. Additional support came from French Tech Souveraineté and DeepTech &amp; Climate Fonds, initiatives backed by the French and German governments. The Nyx capsule&#8217;s reusability is a key feature, allowing it to re-enter Earth&#8217;s atmosphere and be used for multiple missions, CNBC <a href="https://www.cnbc.com/2024/11/17/the-exploration-company-european-spacex-rival-raises-160-million-for-reusable-sapce-capsule.html">reported</a> on Monday.
Hélène Huby, the founder and CEO of TEC, emphasized the increasing demand for space travel, stating, &#8220;It&#8217;s a big market, and it&#8217;s growing about a bit more than 10% per year.&#8221; 
TEC is currently developing the second version of Nyx, with plans for a launch next year and a final version targeted for 2028. The European Space Agency is partially funding this project. The company has already secured $800 million in contracts, including agreements with Starlab and Axiom Space.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42005034/elon-musk-backs-calls-for-end-to-ev-subsidies-but-former-tesla-exec-warns-of-massive-drop-in-manufacturing-investments-if-trump-follows-through?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Backs Calls For End To EV Subsidies, But Former Tesla Exec Warns Of &#8216;Massive Drop&#8217; In Manufacturing Investments If Trump Follows Through</a>
Why It Matters: The space industry is undergoing a transformation, with private companies playing a pivotal role in what is being <a href="https://www.benzinga.com/partner/general/24/09/41012312/investing-in-the-space-race-whos-set-to-dominate-orbit">termed &#8220;Space Race 2.0.&#8221; </a>This shift began in 2011 when the focus moved to public-private partnerships, with SpaceX emerging as a key player through its Falcon launch vehicle and Dragon spacecraft.
In October, SpaceX, led by CEO Elon Musk, successfully demonstrated <a href="https://www.benzinga.com/news/24/10/41317860/elon-musk-went-from-examining-debris-from-falcon-1-flight-to-spacex-successfully-catching-booster-of">catching a booster propeller</a> for a Starship after it returned to Earth. The launch tower at Starbase caught the propeller with mechanical arms. The key objective of the flight test was to demonstrate the reusability of the Starship's design.
However, Starship <a href="https://www.benzinga.com/general/space/24/11/42025066/elon-musks-spacex-delays-starship-test-flight-next-attempt-now-set-for-tuesday">recently faced a delay </a>in the sixth test flight. This flight, now due Nov. 19, will aim to catch Starship&#8217;s booster back at the launch site as on the previous flight and splash down the upper stage in the Indian Ocean. 
Past Flights:&nbsp;On Starship's&nbsp;<a href="https://www.benzinga.com/news/24/10/41317860/elon-musk-went-from-examining-debris-from-falcon-1-flight-to-spacex-successfully-catching-booster-of" target="_blank" rel="noreferrer noopener">fifth flight test in October</a>, it lifted off from Starbase, and the booster returned to Earth after propelling Starship to space. The booster was subsequently caught by the launch tower at Starbase.
Musk has also been eyeing <a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">taking humans to Mars</a>&nbsp;aboard the Starship. In September, he revealed that the first Starship launch to Mars is expected to be in 2026 but it will not carry a crew.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42025317/dogecoin-repeating-its-historical-pattern-says-analyst-meme-coin-set-to-touch-3-by-trumps-inauguration-day-2025?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin &#8216;Repeating Its Historical Pattern,&#8217; Says Analyst: Meme Coin Set To Touch $3 By Trump&#8217;s Inauguration Day 2025</a></li>
</ul>
Disclaimer: 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.
Image via TEC

General

SpaceX's European Rival Raises $160M For Reusable Space Capsule

Polish presidential candidate Sławomir Mentzen announced his intention to establish a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve if he emerges victorious in the forthcoming election, joining a growing list of politicians around the world attempting to make cryptocurrency a poll issue.
What Happened: In an X post on Sunday, Mentzen stated that if he is elected as the president, Poland will adopt a more cryptocurrency-friendly approach. This would include friendlier regulations, lower taxes, and support from banks and regulatory agencies. 
&#8220;BTC to the Moon,&#8221; the presidential hopeful wrote, a slang phrase used by Bitcoin maximalists having strong conviction in the cryptocurrency&#8217;s upside potential.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Poland should create a Strategic Bitcoin Reserve. If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators. BTC to the Moon! <a href="https://t.co/izKc4spkkV">pic.twitter.com/izKc4spkkV</a>
&mdash; Sławomir Mentzen (@SlawomirMentzen) <a href="https://twitter.com/SlawomirMentzen/status/1858276016822603970?ref_src=twsrc%5Etfw">November 17, 2024</a></blockquote>
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Presidential elections in Poland are slated for May 2025. Mentzen belongs to the far-right libertarian party New Hope, which has just 8 seats in the Sejm, Poland's lower house of parliament. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42014985/matt-gaetz-to-be-confirmed-as-attorney-general-in-a-trump-administration-not-so-fast-polymarket-traders-say?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Matt Gaetz To Be Confirmed As Attorney General In A Trump Administration? Not So Fast, Polymarket Traders</a>
Why It Matters: Mentzen&#8217;s pledge is similar to that of U.S. President-elect Donald Trump, who made several such Bitcoin-supportive promises during his campaign, including <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40179714/trumps-bitcoin-stockpile-plan-would-have-positive-impact-on-crypto-prices-but-would-leave-">the establishment of a strategic Bitcoin stockpile</a>.
Since his electoral triumph, expectations of such a reserve have surged significantly. Senator Cynthia Lummis, who (R-Wyo.) proposed the legislation earlier in July, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41784950/pro-bitcoin-senator-cynthia-lummis-vows-to-build-a-strategic-bitcoin-reserve-as-industry-e">reiterated her vow to establish the reserve</a>. If the bill is passed, it would create a Bitcoin fund to act as a hedge against the national debt. The bill aims to accumulate a million Bitcoins over a five-year period, which would be held for at least 20 years.
Apart from Trump, El Salvador President Nayib Bukele is <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41847581/el-salvadors-bitcoin-bet-is-paying-off-heres-how-much-the-country-is-up">globally renowned for introducing pro-Bitcoin policies</a> in his tenure, including recognition of the cryptocurrency as a legal tender. 
Price Action: At the time of writing, Bitcoin was exchanging hands at $91,779.08, up 1.50% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42028576/rfk-jr-stands-firm-on-bitcoin-as-currency-of-freedom-says-howard-lutnik-as-treasury-secretary-will-be-best-for-apex-crypto">Robert Kennedy Jr. Calls Bitcoin The &#8216;Currency of Freedom,&#8217; Backs Trump&#8217;s Treasury Secretary Pick As Best For Crypto</a></li>
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Photo courtesy: Pixabay

Politics

The Trump Playbook? Polish Presidential Candidate Mentzen Promises To Establish Bitcoin Reserve

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