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Deutsche Telekom (OTC:DTEGY) Stock, Option Chain

Deutsche Telekom

Deutsche Telekom is the incumbent telecom operator in Germany and remains the dominant player in both mobile and fixed markets. It also owns a controlling stake in T-Mobile US—one of three primary wireless carriers in the United States—which merged with Sprint in 2020, consolidating the market from four to three operators. Aside from its two core markets, Deutsche Telekom also has operations in several Central European countries and holds an IT arm (Systems Solutions).

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Broadcom expands partnership with T-Systems, achieving top tier status in Broadcom&#39;s VMware Cloud Service Provider program.

Broadcom And T-Systems Boost Alliance To Drive AI, Cyber Resilience, And Cloud Sovereignty

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General

DTEGF

Germany is moving towards removing Chinese technology from its 5G core network by 2026, with support from three key ministries citing national security concerns. The plan targets Huawei and ZTE components, requiring their removal from core networks by 2026 and reduced dependency by 2029. This move reflects heightened scrutiny of Chinese firms amid rising security concerns and deteriorating US-China relations.

Germany Nears Decision To Ban Huawei 5G By 2026: Report

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Guidance

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ERIC

Nokia Corp (NYSE: NOK) made several key announcements Tuesday, including cutting its financial outlook and sharing about a critical acquisition and a significant partnership.

What&#39;s Going On With Nokia Stock Tuesday?

DEUTSCHE TELEKOM AG S/ADR by Deutsche Telekom AG

Deutsche Telekom AG

Deutsche Telekom (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTEGY#OTC">DTEGY</a>) reported quarterly earnings of $0.52 per share. This is a 4 percent increase over earnings of $0.50 per share from the same period last year. The company reported $31.33 billion in sales this quarter. This is a 4.44 percent increase over sales of $29.99 billion the same period last year.

Earnings

Deutsche Telekom Q3 Adj $0.52 Up From $0.50 YoY, Sales $31.33B Up From $29.99B YoY

Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) expanded its long-term partnership with T-Systems, a Deutsche Telekom AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTEGY#OTC">DTEGY</a>) subsidiary. T-Systems achieves Pinnacle tier status in Broadcom&#8217;s <a href="https://www.benzinga.com//node/41328809" target="_blank" rel="noreferrer noopener">VMware Cloud Service Provider program.</a>
This reflects T-Systems&#8217; expertise and strong track record in driving sales and services globally, allowing them to collaborate closely with Broadcom to help customers solve complex challenges and adopt advanced digital technologies.
Hock Tan, President and CEO of Broadcom, stated, &#8220;Broadcom will continue its close collaboration with T-Systems, one of our most valued partners, to accelerate our mutual customers&#8217; infrastructure modernization, AI adoption, and cyber resilience while also supporting their needs with sovereign cloud services that enable data residency and other jurisdictional controls.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com//node/41328454" rel="noreferrer noopener">Why Nvidia, AMD And Other Chipmakers Are Moving Lower In Tuesday&#8217;s Premarket</a>
T-Systems and VMware, now Broadcom, have collaborated closely for 20 years.
Ferri Abolhassan, CEO of T-Systems and board member of Deutsche Telekom, said, &#8220;The partnership with Broadcom is an important component of our multi-cloud strategy. Complemented by our Hyperscaler solutions, we can provide our customers exactly what they need. Always and worldwide.&#8221;
Last week, Broadcom announced the general availability of the BCM68660 and BCM55050 silicon 50G PON Optical Line <a target="_blank" href="https://www.benzinga.com/news/24/10/41234892/broadcom-debuts-new-50g-pon-chips-what-to-know" rel="noreferrer noopener">Terminal-Optical Network devices</a>.
Investors can gain exposure to the stock via VanEck Fabless Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMHX#NASDAQ">SMHX</a>) and Columbia Semiconductor and Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMI#NYSE">SEMI</a>).
Price Action: AVGO shares are down 3.89% at $175.22 at the last check Tuesday.
Image via Shutterstock
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Germany is reportedly on the verge of deciding to remove Chinese technology from its 5G core network by 2026, with three out of four relevant ministries backing the <a href="https://www.benzinga.com//node/38706594">measure due to national security concerns.</a>
The foreign and&nbsp;economy&nbsp;ministries support the interior ministry&#8217;s proposal to eliminate&nbsp;Huawei Technologies Co. and&nbsp;ZTE Corp. components.&nbsp;The digital ministry, however, has&nbsp;not&nbsp;yet&nbsp;approved&nbsp;the measure, citing opposition from the industry,&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-17/germany-closing-in-on-huawei-5g-ban-as-digital-ministry-resists?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reported&nbsp;</a>Bloomberg.
Germany&#8217;s review of&nbsp;its 5G network components&nbsp;has been ongoing&nbsp;for over a year.&nbsp;The U.S. and European Union have heightened scrutiny over security threats from Chinese firms, with the U.S. recently imposing tariffs and revoking chip sale licenses&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/05/38682654/biden-administration-tightens-grip-on-chinas-huawei-revokes-key-export-licenses-from-us-chipmakers" rel="noreferrer noopener">to Huawei amid deteriorating relations with Beijing.</a>
The proposed plan involves a two-step removal process. By January 1, 2026, German telecom providers&nbsp;would need to&nbsp;eliminate all critical Huawei and ZTE components from their core networks.&nbsp;
By 2029, these providers must also reduce their dependency on Chinese components in their access and transport networks.
Related Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38890649/microsoft-unveils-amd-powered-ai-chips-to-rival-nvidia-report" rel="noreferrer noopener">Microsoft Unveils AMD-Powered AI Chips To Rival Nvidia: Report</a>
Delays in reaching an agreement highlight friction within Germany&#8217;s ruling coalition, which also contends with issues like next year&#8217;s federal budget.
Chancellor Olaf Scholz&#8217;s Social Democratic Party (SPD) oversees the interior ministry, the Greens control the foreign and economy ministries, while the Free Democratic Party (FDP) manages the digital ministry.
Deutsche Telekom AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTEGY#OTC">DTEGY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTEGF#OTC">DTEGF</a>), Germany&#8217;s leading mobile operator, previously stated that banning Chinese components by 2026 is impractical. 
SPD foreign affairs spokesman Nils Schmid emphasized the party&#8217;s firm stance against Chinese components in critical infrastructure and criticized the digital ministry for hindering progress despite support from other FDP members.
Germany has been slower than some allies in banning Chinese technology. The U.K. banned Huawei from 5G networks in 2020, citing supply chain security concerns following U.S. sanctions on the company.&nbsp;
Germany initially allowed Huawei components in its 5G build-out but has adopted a stricter approach following Russia&#8217;s invasion of Ukraine, seeking to minimize dependence on any single country.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38891472/tesla-eyes-chinese-data-center-to-boost-autonomous-driving-tech-report" rel="noreferrer noopener">Tesla Eyes Chinese Data Center To Boost Autonomous Driving Tech: Report</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Through the Joint Venture Company, the five companies plan to develop Large Language Models (LLMs) specifically tailored to the needs of telecommunications companies (telcos). The LLMs will be designed to help telcos improve their customer interactions via digital assistants and chatbots.&nbsp;The Joint Venture Company will be established within this year. &nbsp;

SFBQF

SOBKY

SK Telecom, Deutsche Telekom, e& Group, Singtel And SoftBank Plan To Establish A Joint Venture

Nokia Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>) made several key announcements Tuesday, including cutting its financial outlook and sharing about a critical acquisition and a significant partnership.
The company revised its long-term financial targets, reducing its 2026 comparable operating margin target from at least 14% to at least 13%. This adjustment reflects current market conditions, particularly in the Mobile Networks sector. Despite this change, Nokia maintains a positive outlook on achieving the original 14% margin target in the longer term and sees opportunities for further margin growth beyond&nbsp;<a class="editor-rtfLink" href="https://www.nokia.com/about-us/news/releases/2023/12/12/inside-information-nokia-provides-an-update-on-group-strategy-2026-comparable-operating-margin-target-and-preliminary-assumptions-for-2024/" 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">2026</a>.
The company&#39;s strategy includes growth objectives for its Network Infrastructure (NI) and Cloud and Network Services (CNS) divisions, aiming to outpace market growth through 2026. However, the Mobile Networks business will likely encounter challenges in 2024 and 2025 before resuming faster-than-market growth in 2026.&nbsp;
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/12/36096199/why-is-nokia-stock-trading-lower-tuesday" 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">Last week,</a>&nbsp;Nokia rival&nbsp;Ericsson&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>) bagged the&nbsp;AT&amp;T Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) deal.
AT&amp;T chose Ericsson to lead the U.S. in commercial-scale open radio access network (Open RAN) deployment. AT&amp;T will dole out $14 billion and build a telecom network that uses only so-called ORAN technology.
Under the five-year deal, Ericsson will leverage its USA 5G Smart Factory in Lewisville, Texas, to manufacture 5G equipment for this contract.
Nokia&#39;s other financial targets remain unchanged.
Nokia disclosed plans to&nbsp;<a class="editor-rtfLink" href="https://www.nokia.com/about-us/news/releases/2023/12/12/nokia-to-acquire-fenix-group-strengthening-wireless-offering-in-the-defense-segment/" 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">acquire&nbsp;</a>Fenix Group for terms undisclosed, strengthening wireless offerings in the defense segment. Fenix Group specializes in tactical 3rd Generation Partnership Project (3GPP) communications solutions for the defense communities.
Nokia&nbsp;held &euro;4.6 billion in cash and equivalents&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/10/35323778/nokia-stock-falls-after-q3-performance-cost-cut-initiative-heres-why" 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">as of September 30</a>.
Nokia and&nbsp;Deutsche Telekom AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegf#OTC">DTEGF</a>) have announced the&nbsp;<a class="editor-rtfLink" href="https://www.nokia.com/about-us/news/releases/2023/12/12/nokia-and-deutsche-telekom-begin-deployment-of-multi-vendor-open-ran-network-in-germany/" 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">deployment&nbsp;</a>of a multi-vendor Open RAN network in Germany, with collaboration from Fujitsu. The fully integrated into DT&#39;s live commercial network will provide 2G, 4G, and 5G services to customers in Neubrandenburg, Northern Germany. This development marks Nokia&#39;s significant re-entry into DT&#39;s commercial network following a Memorandum of Understanding signed at MWC 2023. Nokia will replace the current vendor in this deal, with the project already underway and set to expand from Q1 2024.
In DT&#39;s commercial network, Nokia&#39;s role involves deploying its Open RAN compliant 5G AirScale baseband solution, including Fujitsu Radio Units. The companies also plan to explore further O-RAN technologies, such as Cloud RAN, third-party CaaS, RIC, SMO, and energy efficiency measures.
Nokia stock has lost 33.5% year-to-date.
Price Action:&nbsp;NOK shares traded higher by 2.24% at $3.19 premarket Tuesday.
Photo Via Company

What's Going On With Nokia Stock Tuesday?

TMUS

T-Mobile US And Deutsche Telekom Global Complete Testing Of World's First 5G Standalone Roaming Program With AIS And Sunrise

<ul>
<li>The GSMA representing the biggest mobile phone operators, shared plans to launch a new united interface providing developers universal access to their networks, speeding up the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/02/n31063575/mobile-industry-deploys-open-network-apis-and-prepares-for-new-era-of-digital-services-and-mobile-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">delivery of new services and products</a>.</li>
<li>The GSMA will introduce the Open Gateway portal at its annual Mobile World Congress in Barcelona on Monday, Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-02-27/mobile-giants-announce-united-interface-to-lure-cloud-developers?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>&nbsp;citing Director General Mats Granryd&rsquo;s interview.&nbsp;</li>
<li>These include an immersive concert experience using Application programming interfaces (APIs) for Device Location, Carrier Billing, and Authentication; a live &lsquo;jam session&rsquo; from the 5G Future Forum and immersive gaming, and high definition video showcase based on the Quality on Demand (QoD) API.</li>
<li>AT&amp;T Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>),&nbsp;China Mobile Ltd,&nbsp;Deutsche Telekom AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegf#OTC">DTEGF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>), and&nbsp;Vodafone Group Plc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vod#NASDAQ">VOD</a>) are among the 21 GSMA members that will use the interface.&nbsp;</li>
<li>Mobile network operators collaborated to become more attractive partners for technology giants helping developers to build services that can serve multiple networks simultaneously for new and better-running services.</li>
<li>Major cloud providers such as&nbsp;Amazon Inc&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) AWS and&nbsp;Microsoft Inc&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) Azure back the project.&nbsp;</li>
<li>Jos&eacute; Mar&iacute;a &Aacute;lvarez-Pallete L&oacute;pez, GSMA Board Chairman and Chairman &amp; CEO of Telef&oacute;nica, said: &quot;</li>
<li>GSMA Open Gateway will enable single points of access to ultra-broadband networks and provide a catalyst for immersive technologies and Web3 &ndash; giving them the ability to fulfill their potential and reach critical mass.&nbsp;</li>
<li>Collaboration amongst telecom operators and cloud providers is crucial in this new digital ecosystem.</li>
<li>&ldquo;By applying the concept of interconnection for operators to the API economy, developers can utilize technology once, for services such as identity, cybersecurity, or billing, but with the potential to be integrated with every operator worldwide. This is a profound change in the way we design and deliver services,&rdquo; said Granryd.</li>
<li>&ldquo;Price Action:&nbsp;VOD shares traded higher by 3.30% at $12.07 on the last check Monday.</li>
<li>Photo by Rainer Stropek via Flickr</li>
</ul>

Tech

AMZN

MSFT

Mobile Operators Collaborate To Deploy Open Network APIs To Win Cloud Developers

On December 14th, the Federal Reserve hiked its key interest rate by 50 basis points. This was the first deceleration in rate hike increases in 2022; between March and November 2022, the interest rate had jumped 25 basis points, 50 basis points and then 75 points four times in a row in between each Federal Reserve meeting.&nbsp;&nbsp;
In a summary of the Federal Open Market Committee (FOMC) meeting on January 4th, 2022, the committee indicated that &ldquo;A number of participants emphasized that it would be important to clearly communicate that a slowing in the pace of rate increases was not an indication of any weakening of the Committee&rsquo;s resolve to achieve its price-stability goal or a judgment that inflation was already on a persistent downward path.&rdquo;
In the meantime, OTC Markets Group Inc.&rsquo;s (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/otcm#OTCQX">OTCM</a>) markets reported a decline in total monthly volume compared to last month, recording $32.1 billion in December compared to the $36.3 billion in November. The regulated markets, however, saw a jump in trading volume in the OTCQB Venture Market.&nbsp;
<h3>A Dive Into The OTCQX Best Market&rsquo;s Most-Active List</h3>
The OTCQX Best Market recorded $5.1 billion in trading volume in December, a slight decrease from the $6.7 billion in trading volume in <a href="https://www.benzinga.com/markets/penny-stocks/22/12/30054783/otc-market-groups-most-active-list-in-november-a-dive-into-the-names-experiencing-volume-cha">November</a>.&nbsp;
The top three companies on OTCQX&rsquo;s Most-Active list experienced a slight reshuffle in December. Volume surged away from each of the top 3 contenders, but Roche Holding AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/rhhby#OTCQX">RHHBY</a>) claimed the top spot while crypto-centric securities Grayscale Bitcoin Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gbtc#OTCQX">GBTC</a>) and Grayscale Ethereum Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ethe#OTCQX">ETHE</a>) slotted in at 2nd and 3rd place.&nbsp;
The remaining constituents in OTCQX&rsquo;s top 10 Most-Active securities list experienced change in December, welcoming Green Thumb Industries Inc. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTCQX">GTBIF</a>), Trulieve Cannabis Corporation (OTCQX:&nbsp; TCNNF) and Heineken N.V. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/heiny#OTCQX">HEINY</a>) in place of Deutsche Telekom AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTCQX">DTEGY</a>), Computer Services Inc. and Zurich Insurance Group (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/zurvy#OTCQX">ZURVY</a>).
Computer Services was acquired and is no longer a publicly-listed company.&nbsp;
Other notable movers:
<ul>
<li>Wal-Mart De Mexico S.A.B. de C.V. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/wmmvy#OTCQX">WMMVY</a>) claimed the 16th spot on OTCQX&rsquo;s Most Active list, experiencing a 207% increase in trading volume.</li>
</ul>
<h3>The OTCQB Venture Market: A &ldquo;Battle&rdquo; For Top 10</h3>
The OTCQB Venture Market recorded $689.4 million in trading volume in December, a slight increase from the $652.4 million in trading volume in November.&nbsp;
Like the OTCQX Best Market, the OTCQB Venture Market&rsquo;s top 10 Most Active list for the month saw new entries. Specifically, CytoDyn Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/cydy#OTCQB">CYDY</a>) reappears in the top 10 Most Active list, bouncing back from its drop-off in November. Additionally, Renewable Innovations, Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/reii#OTCQB">REII</a>) (formerly NESTBUILDER.COM CORP. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/nbld#OTCQB">NBLD</a>)), a digital media and marketing services company, entered the top 10 Most Active list. The two displace Clean Vision Corporation (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/clnv#OTCQB">CLNV</a>) and Atlas Lithium Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atlx#NASDAQ">ATLX</a>), both of which were on the list in November.&nbsp;
Other notable movers include:
<ul>
<li>American Lithium Corp. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/liacf#OTCQB">LIACF</a>), which climbed to 11th place on the Most Active list and recorded a $6.3 million rise in trading volume compared to last month.&nbsp;&nbsp;</li>
<li>Applied Energetics Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/aerg#OTCQB">AERG</a>), which climbed to 15th place on the Most Active list and recorded a $3.4 million rise in trading volume compared to last month.&nbsp;</li>
<li>Provectus Biopharmaceuticals, Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/pvct#OTCQB">PVCT</a>), which climbed to 28th place on the Most Active list and recorded a volume rise of $2.1 million compared to last month.&nbsp;</li>
</ul>
The OTCQX And OTCQB Top 10
Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in December.&nbsp;
OTCQX Top 10:&nbsp;
<table>
<tbody>
<tr>
<td>
Company Name
</td>
<td>
Symbol
</td>
<td>
December Dollar Volume
</td>
</tr>
<tr>
<td>
Roche Holding Ltd.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/RHHBY/quote">RHHBY</a>
</td>
<td>
$938,518,331
</td>
</tr>
<tr>
<td>
Grayscale Bitcoin Trust (BTC)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GBTC/quote">GBTC</a>
</td>
<td>
$695,292,404
</td>
</tr>
<tr>
<td>
Grayscale Ethereum Trust (ETH)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ETHE/quote">ETHE</a>
</td>
<td>
$314,257,520
</td>
</tr>
<tr>
<td>
adidas AG
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ADDYY/quote">ADDYY</a>
</td>
<td>
$201,524,251
</td>
</tr>
<tr>
<td>
Green Thumb Industries Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GTBIF/quote">GTBIF</a>
</td>
<td>
$181,456,135
</td>
</tr>
<tr>
<td>
Infineon Technologies AG&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/IFNNY/quote">IFNNY</a>
</td>
<td>
$170,922,774
</td>
</tr>
<tr>
<td>
Danone
</td>
<td>
<a href="http://www.otcmarkets.com/stock/DANOY/quote">DANOY</a>
</td>
<td>
$138,268,039
</td>
</tr>
<tr>
<td>
Trulieve Cannabis Corporation
</td>
<td>
<a href="http://www.otcmarkets.com/stock/TCNNF/quote">TCNNF</a>
</td>
<td>
$128,114,184
</td>
</tr>
<tr>
<td>
Heineken N.V.
</td>
<td>
HEINY
</td>
<td>
$114,035,029
</td>
</tr>
<tr>
<td>
BNP Paribas&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/BNPQY/quote">BNPQY</a>
</td>
<td>
$113,842,833
</td>
</tr>
</tbody>
</table>
OTCQB Top 10:&nbsp;&nbsp;
<table>
<tbody>
<tr>
<td>
Company Name
</td>
<td>
Symbol
</td>
<td>
December Dollar Volume
</td>
</tr>
<tr>
<td>
Vision Energy Corporation
</td>
<td>
VENG
</td>
<td>
$153,008,087
</td>
</tr>
<tr>
<td>
Northwest Biotherapeutics Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NWBO/quote">NWBO</a>
</td>
<td>
$46,999,760
</td>
</tr>
<tr>
<td>
Global Tech Industries Group Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GTII/quote">GTII</a>
</td>
<td>
$40,034,634
</td>
</tr>
<tr>
<td>
Fannie Mae&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/FNMA/quote">FNMA</a>
</td>
<td>
$21,525,480
</td>
</tr>
<tr>
<td>
CytoDyn Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/CYDY/quote">CYDY</a>
</td>
<td>
$16,512,030
</td>
</tr>
<tr>
<td>
Netlist Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NLST/quote">NLST</a>
</td>
<td>
$16,467,857
</td>
</tr>
<tr>
<td>
Freddie Mac&nbsp;
</td>
<td>
<a href="https://www.otcmarkets.com/stock/FMCC/quote">FMCC</a>
</td>
<td>
$14,601,523
</td>
</tr>
<tr>
<td>
American Battery Technology Co.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ABML/quote">ABML</a>
</td>
<td>
$14,274,807
</td>
</tr>
<tr>
<td>
NESTBUILDER.COM CORP.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NBLD/quote">NBLD</a>
</td>
<td>
$11,538,861
</td>
</tr>
<tr>
<td>
CREATD INC.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/CRTD/quote">CRTD</a>
</td>
<td>
$11,351,902
</td>
</tr>
</tbody>
</table>
Featured Photo by <a href="https://unsplash.com/@chrisliverani">Chris Liverani</a> on <a href="https://unsplash.com/photos/dBI_My696Rk">Unsplash</a>&nbsp;
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.

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HEINY

AMERICAN LITHIUM CORP ORD by American Lithium Corp.

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REII

RHHBY

WMMVY

ZURVY

Trading Volume In The OTCQB Venture Market Picks Up in December – A Summary Of OTC Market Group's Most Active List In December

The SPDR S&amp;P 500 ETF Trust (NYSEARCA: SPY) declined by 9.62% in September &ndash; its largest decline in 2022. The Fidelity NASDAQ Composite Index ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oneq#NASDAQ">ONEQ</a>) and the SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA) mimicked this downward trend, showing monthly decreases in September of 10.54% and 8.98%, respectively.
OTC Markets Group Inc.&rsquo;s (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/otcm#OTCQX">OTCM</a>) regulated markets experienced a slight increase in total monthly volume, recording $39.5 billion in September compared to $39.3 billion in August.&nbsp;
<h3>A Dive Into The OTCQX Best Market&rsquo;s Most-Active List</h3>
The OTCQX Best Market recorded $7.3 billion in trading volume in September, a slight increase over the $6.9 billion traded in <a href="https://www.benzinga.com/markets/penny-stocks/22/09/28827948/a-quick-look-at-the-otc-markets-most-active-securities-in-august-heres-what-you-need-to-know">August</a>.
Despite Ethereum&rsquo;s successful completion of the Merge, trading volume in Grayscale Ethereum Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ethe#OTCQX">ETHE</a>) waned in September, dropping the security to third on the OTCQX Best Market&rsquo;s Most Active list. Steadfast performers Roche Holding AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/rhhby#OTCQX">RHHBY</a>) and Grayscale Bitcoin Trust (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gbtc#OTCQX">GBTC</a>) slotted into first and second place, respectively.&nbsp;
Additionally, OTCQX&rsquo;s top 10 most-active securities experienced a slight reshuffle in September, welcoming previously familiar faces in Danone (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/danoy#OTCQX">DANOY</a>) and in Deutsche Telekom AG (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTCQX">DTEGY</a>) and Akzo Nobel N.V. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/akzoy#OTCQX">AKZOY</a>). The three newcomers displace BASF SE (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/basfy#OTCQX">BASFY</a>), Anglo American PLC (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ngloy#OTCQX">NGLOY</a>) and Imperial Brands PLC (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/imbby#OTCQX">IMBBY</a>) in the top 10 most-active securities list.&nbsp;
Other notable movers:
<ul>
<li>J Sainsbury PLC (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/jsaiy#OTCQX">JSAIY</a>) claimed the 28th spot on the OTCQX&rsquo;s Most Active list, experiencing a 203% increase in trading volume.&nbsp;</li>
</ul>
<ul>
<li>Koninklijke Ahold Delhaize N.V. (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/adrny#OTCQX">ADRNY</a>) claimed the 15th spot on the OTCQX&rsquo;s Most Active list, experiencing a 127% increase in trading volume.&nbsp;</li>
</ul>
&nbsp;
<h3>The OTCQB Venture Market Experiences A Reshuffle</h3>
The OTCQB Venture Market recorded $642.6 million in trading volume in September, an increase from both July&rsquo;s $463 million and August&rsquo;s $601 million trading volume figures.
Like the OTCQX Best Market, the OTCQB Venture Market&rsquo;s top 10 Most Active list for the month saw new entries. Specifically, Todos Medical Ltd. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/tomdf#OTCQB">TOMDF</a>) and American Lithium Corp. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/liacf#OTCQB">LIACF</a>) made way for Global Tech Industries Group Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/gtii#OTCQB">GTII</a>) and Know Labs Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/knwn#OTCQB">KNWN</a>).
Similar to August, the OTCQB Venture Market witnessed a number of novelties in September. In addition to two new companies on the top 10 Most Active List, the constituents of the list experienced a shakeup. Biotechnology company CytoDyn Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/cydy#OTCQB">CYDY</a>), for example, dropped from most traded to seventh-most traded security, while newcomer Global Tech Industries took a giant leap all the way to first place. Lithium miner Lake Resources N.L. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/llkkf#OTCQB">LLKKF</a>) experienced a similar jump, rising to second place from eighth place last month.&nbsp;
Other notable movers:&nbsp;
<ul>
<li>Silver Mountain Resources Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/agmrf#OTCQB">AGMRF</a>) climbed to 11th place on the Most Active list and recorded an $8.9 million rise in trading volume compared to last month.</li>
</ul>
&nbsp;
<ul>
<li>Know Labs Inc. climbed to 10th place on the Most Active list for the OTCQB Venture Market and recorded a $7.7 million rise in trading volume compared to last month.</li>
</ul>
<ul>
<li>BioLargo Inc. (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/blgo#OTCQB">BLGO</a>) climbed to 23rd place on the Most Active list and recorded a $2.3 million rise in trading volume compared to last month.</li>
</ul>
&nbsp;
The OTCQX And OTCQB Top 10
Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in September.&nbsp;
OTCQX Top 10:&nbsp;
<table>
<tbody>
<tr>
<td>
Company Name
</td>
<td>
Symbol
</td>
<td>
September Dollar Volume
</td>
</tr>
<tr>
<td>
Roche Holding Ltd.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/RHHBY/quote">RHHBY</a>
</td>
<td>
$1,707,901,205
</td>
</tr>
<tr>
<td>
Grayscale Bitcoin Trust (BTC)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GBTC/quote">GBTC</a>
</td>
<td>
$785,442,416
</td>
</tr>
<tr>
<td>
Grayscale Ethereum Trust (ETH)
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ETHE/quote">ETHE</a>
</td>
<td>
$685,952,488
</td>
</tr>
<tr>
<td>
adidas AG
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ADDYY/quote">ADDYY</a>
</td>
<td>
$317,175,529
</td>
</tr>
<tr>
<td>
BNP Paribas
</td>
<td>
<a href="http://www.otcmarkets.com/stock/BNPQY/quote">BNPQY</a>
</td>
<td>
$295,090,950
</td>
</tr>
<tr>
<td>
Deutsche Telekom AG
</td>
<td>
<a href="http://www.otcmarkets.com/stock/DTEGY/quote">DTEGY</a>
</td>
<td>
$268,213,144
</td>
</tr>
<tr>
<td>
Computer Services Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/CSVI/quote">CSVI</a>
</td>
<td>
$216,708,362
</td>
</tr>
<tr>
<td>
Akzo Nobel N.V.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/AKZOY/quote">AKZOY</a>
</td>
<td>
$167,395,328
</td>
</tr>
<tr>
<td>
Danone
</td>
<td>
<a href="https://www.otcmarkets.com/stock/DANOY/quote">DANOY</a>
</td>
<td>
$167,340,096
</td>
</tr>
<tr>
<td>
Infineon Technologies AG&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/IFNNY/quote">IFNNY</a>
</td>
<td>
$158,503,975
</td>
</tr>
</tbody>
</table>
OTCQB Top 10:&nbsp;
<table>
<tbody>
<tr>
<td>
Company Name
</td>
<td>
Symbol
</td>
<td>
September Dollar Volume
</td>
</tr>
<tr>
<td>
Global Tech Industries Group Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/GTII/quote">GTII</a>
</td>
<td>
$119,304,739
</td>
</tr>
<tr>
<td>
Lake Resources N.L.&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/LLKKF/quote">LLKKF</a>
</td>
<td>
$24,528,742
</td>
</tr>
<tr>
<td>
Stemtech Corp.
</td>
<td>
<a href="https://www.otcmarkets.com/stock/STEK/quote">STEK</a>
</td>
<td>
$22,459,406
</td>
</tr>
<tr>
<td>
Northwest Biotherapeutics Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NWBO/quote">NWBO</a>
</td>
<td>
$21,313,034
</td>
</tr>
<tr>
<td>
American Battery Technology Co.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/ABML/quote">ABML</a>
</td>
<td>
$16,729,817
</td>
</tr>
<tr>
<td>
Fannie Mae&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/FNMA/quote">FNMA</a>
</td>
<td>
$15,086,158
</td>
</tr>
<tr>
<td>
CytoDyn Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/CYDY/quote">CYDY</a>
</td>
<td>
$14,135,987
</td>
</tr>
<tr>
<td>
Netlist Inc.
</td>
<td>
<a href="http://www.otcmarkets.com/stock/NLST/quote">NLST</a>
</td>
<td>
$13,413,921
</td>
</tr>
<tr>
<td>
Freddie Mac&nbsp;
</td>
<td>
<a href="https://www.otcmarkets.com/stock/FMCC/quote">FMCC</a>
</td>
<td>
$12,995,635
</td>
</tr>
<tr>
<td>
Know Labs Inc.&nbsp;
</td>
<td>
<a href="http://www.otcmarkets.com/stock/KNWN/quote">KNWN</a>
</td>
<td>
$10,652,167
</td>
</tr>
</tbody>
</table>
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
Featured photo by Kelly Sikkema on <a href="https://unsplash.com/photos/zcAgxLryKe4">Unsplash</a>

ADRNY

AGMRF

AKZOY

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DANOY

GTII

IMBBY

JSAIY

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Fidelity NASDAQmposite Index Fund ETF-Tracking NASDAQmposite Index

ONEQ

TOMDF

Most Active On The OTC Markets In September – A Look Back As October Comes To A Close

On Friday, shares of Deutsche Telekom AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>) experienced volatile short activity. After the activity, the stock price went up +1.06% to $17.96.
The overall sentiment for DTEGY has been Neutral.
The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure.
The volatility alert was produced on the prior trading date, 10/21/2022 with a volatility change of +91.15%. The current volatility indicator stands at 13.308.
Overview: 
The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: 
Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE 
&nbsp;

Short Ideas

Trading Ideas

Short Volatility Alert: Deutsche Telekom AG

<ul>
<li>Private equity firms like&nbsp;KKR &amp; Co Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kkr#NYSE">KKR</a>) and Global Infrastructure Partners competed for a stake in&nbsp;Vodafone Group Plc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vod#NASDAQ">VOD</a>) wireless towers unit,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-09-15/kkr-gip-are-said-to-pursue-vodafone-s-13-billion-towers-arm?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
<li>Swedish investment firm&nbsp;EQT AB&nbsp;also explored a potential investment in Frankfurt-listed&nbsp;Vantage Towers AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/vtagy#OTC">VTAGY</a>) which is worth &euro;13.4 billion ($13.4 billion) at present.</li>
<li>Vodafone has invited suitors to participate in an auction process.</li>
<li>Vodafone currently holds around 82% of Vantage.</li>
<li>In August, Vodafone&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28582098/vodafone-to-sell-hungarian-business-for-1-8b-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">forged an agreement</a>&nbsp;with Hungarian 4iG and state-run Corvinus Zrt to divest its Hungarian business for 715 billion forints ($1.8 billion) in cash.</li>
<li>In July, Vodafone agreed to sell its operations in Ghana to Telecel Group for undisclosed terms.</li>
<li>Europe&#39;s phone carriers sold off infrastructure assets to raise money for costly fiber-optic rollouts and wireless network upgrades and to cut their large debt piles.&nbsp;</li>
<li>In July,&nbsp;Deutsche Telekom AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/07/28062019/deutsche-telekom-to-sell-towers-stake-for-17-5b" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">agreed to sell</a>&nbsp;a majority stake in its towers unit to&nbsp;Brookfield Asset Management Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bam#NYSE">BAM</a>) and&nbsp;DigitalBridge Group, Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/dbrg#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DBRG</a>) in a deal valuing the business at &euro;17.5 billion.</li>
<li>Price Action:&nbsp;VOD shares traded higher by 0.68% at $12.55 on the last check Thursday.</li>
</ul>

Asset Sales

DBRG

DLTR

EQIX

SBAC

VTAGY

Private Equity Firms Are Flocking To Vodafone's Tower Unit, Valued In The Billions

<ul>
<li>T-Mobile US Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>) said its board authorized a&nbsp;<a class="editor-rtfLink" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1283699/000119312522241026/d359205d8k.htm" 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">$14 billion stock buyback program</a>, poised to run till September 30, 2023.</li>
<li>The company intends to fund the repurchases from available cash on hand and proceeds of one or more debt issuances or other borrowings.</li>
<li>TMUS specified in the regulatory filing that its controlling stockholder,&nbsp;Deutsche Telekom AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>), has no present intention of selling common stock pursuant to the repurchase program.</li>
<li>TMUS&nbsp;<a class="editor-rtfLink" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1283699/000128369922000117/tmus-20220630.htm" 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">held $3.2 billion in cash and equivalents</a>&nbsp;as of June 30, 2022.</li>
<li>Price Action:&nbsp;TMUS shares are trading higher by 1.65% at $147.77 in premarket on the last check Friday.</li>
<li>Photo Via Company</li>
</ul>

Buybacks

T-Mobile US Adopts $14B Stock Buyback Plan

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28470608/this-leading-south-korean-chipmaker-eyes-us-to-tap-its-recently-approved-chip-subsidy-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">This Leading South Korean Chipmaker Eyes US For Advanced Chip Packaging Plant: Report</a>
<ul>
<li>SK Hynix Inc&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hxscl#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HXSCL</a>) targeted a U.S. site for its advanced chip packaging plant and plans to break ground there around the first quarter of 2023.</li>
<li>The plant, worth &ldquo;several billion,&rdquo; would ramp up to mass production by 2025-2026 and employ 1,000 workers.</li>
<li>SK Group, South Korea&rsquo;s second-biggest conglomerate, owner of SK Hynix, announced the new plant in July as part of a $22-billion U.S.-based investment package.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/22/08/28469006/a-proxy-advisory-firms-objections-and-the-central-banks-guidelines-drag-alibaba-backed-paytm-shares" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Why Alibaba-Backed Fintech Paytm Plunged 6% Today</a>
<ul>
<li>Shares of Indian digital payments service provider Paytm, backed by&nbsp;SoftBank Group&nbsp;Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sftby#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SFTBY</a>) and&nbsp;Alibaba Group Holding Ltd. (NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/baba#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BABA</a>), fell close to 6% on Friday following a proxy advisory firm&rsquo;s opposition to the re-appointment of its CEO and the Reserve Bank of India&rsquo;s&nbsp;new guidelines for digital lending apps.</li>
<li>The Objections: Proxy advisory firm Institutional Investor Advisory Services&nbsp;said it is against the re-appointment of Vijay Shekhar Sharma as CEO and managing director at the annual general meeting next week, Reuters reported.</li>
</ul>
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28471456/3ms-aearo-technologies-files-for-bankruptcy-to-get-out-of-her-courtroom-federal-judge-says-wsj" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">3 M&rsquo;s Aearo Technologies Files For Bankruptcy To Get Out Of Her Courtroom, Federal Judge Says</a>
<ul>
<li>A month ago, many U.S. military veterans had filed lawsuits against&nbsp;3M Co&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/mmm#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MMM</a>) for hearing impairment caused by faults in the company&rsquo;s military-grade earplugs.</li>
<li>A federal judge questioned 3M Co.&rsquo;s decision to transfer several claims regarding military earplugs to bankruptcy court, noting that a corporate company &ldquo;voluntarily agreed&rdquo; to take on those harm responsibilities prior to filing for Chapter 11, reported Wall Street Journal.</li>
<li>Aearo Technologies LLC, a 3M subsidiary named as a co-defendant and its publicly traded parent company in the roughly 230,000 pending claims, filed for bankruptcy last month.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/08/28471612/deutsche-telekom-nears-majority-stake-ownership-in-t-mobile-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Deutsche Telekom Nears Majority Stake Ownership In T-Mobile</a>&nbsp;
<ul>
<li>Deutsche Telekom&nbsp;AG (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/dtegy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DTEGY</a>) reiterated plans to build its stake in&nbsp;T-Mobile US, Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tmus#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TMUS</a>).</li>
<li>Deutsche Telekom acknowledged nearing the majority ownership of T-Mobile US by customers.</li>
<li>Deutsche Telekom raised its guidance for the second time this year, citing in part the performance of T-Mobile.</li>
<li>T-Mobile&rsquo;s business in the U.S. accounted for about two-thirds of Deutsche Telekom&rsquo;s net revenue in Q2.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28471398/valueact-capital-partners-acquires-6-7-stake-in-the-new-york-times-wsj" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ValueAct Acquires 6.7% Stake In New York Times; Describes Stock As&rsquo; Undervalued&rsquo;</a>
<ul>
<li>San Francisco-based investment firm, ValueAct Capital Partners LP has acquired a 6.7% stake in&nbsp;New York Times Co&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nyt#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NYT</a>), according to a regulatory filing.</li>
<li>The investment firm has acquired the stake for $350.24 million. ValueAct noted that NYT stock is undervalued and represented an attractive investment opportunity.</li>
<li>The firm will likely bat for the media house to vigorously market its subscriber-only content, the Wall Street Journal reported.</li>
</ul>
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/08/28471644/huobi-founder-seeks-to-sell-60-of-his-stake-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Billionaire Huobi Founder Seeks To Sell ~60% Of His Stake</a>
<ul>
<li>The founder of Huobi Group, Leon Li, is in negotiations to sell his majority stake in the cryptocurrency exchange for up to $3 billion, reported Bloomberg.</li>
<li>According to people familiar with the situation, the Chinese crypto mogul has held talks with a variety of bankers about selling about 60% of the business.</li>
<li>The founder of Tron Justin Sun and Sam Bankman-Fried&rsquo;s FTX are among those who have spoken with Huobi informally about a share transfer, the people stated.</li>
</ul>
Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28471303/tiktoks-toxic-work-culture-at-london-forced-employees-to-quit-continue-to-boost-hiring-in-us-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TikTok&rsquo;s Toxic Work Culture At London Forced Employees To Quit; Continues Hiring In US</a>
<ul>
<li>TikTok compelled its London office staff to quit by creating a hostile working culture, Financial Times reports.</li>
<li>TikTok created what staff described as a &ldquo;kill list&rdquo; of colleagues in the e-commerce department whom it wanted to fire or end the contracts.</li>
<li>Some of the targeted employees had only been in the positions for a couple of weeks.</li>
<li>TikTok reportedly assigned the staff named on the so-called &ldquo;kill list&rdquo; to untrained roles.</li>
</ul>
Benzinga&nbsp;
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/08/28471114/johnson-johnson-to-stop-selling-talc-based-powder" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Johnson &amp; Johnson To Stop Selling Talc-Based Powder</a>
<ul>
<li>Johnson &amp; Johnson&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/jnj#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">JNJ</a>) said it plans to stop selling its legacy talc-based baby-powder products globally in 2023, a move amid continued legal battles and two years after the company discontinued the product in the U.S. and Canada.</li>
<li>After assessing its portfolio, J&amp;J said it had made the &ldquo;commercial decision&rdquo; to transition all its baby powder products to cornstarch instead of talcum powder in 2023.</li>
<li>The health conglomerate maintains that the product is safe. It faces about 38,000 lawsuits claiming its talc products caused cancer due to contamination with asbestos, a known carcinogen.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28469290/google-ordered-to-cough-up-43-million-in-australia-for-misleading-users" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Google Fined $43M In Australia For Misleading Users Over Data Tracking</a>
<ul>
<li>Australia&rsquo;s competition watchdog said the country&rsquo;s federal court ordered&nbsp;Alphabet Inc&rsquo;s&nbsp;(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>) (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>) Google on Friday to pay AU$60 million ($42.7 million) in penalties for misleading users.</li>
<li>The court found that the company misled users about collecting their location data through their Android mobile devices between January 2017 and December 2018, the Australian Competition &amp; Consumer Commission (ACCC) said in a statement.</li>
<li>It estimates that around 1.3 million Australian Google account users may have been affected by this.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/08/28468790/s-p-global-drops-coinbase-credit-rating-to-bb" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">S&amp;P Global Drops Coinbase Debt Rating Over Crypto Market Downturn, Doubts Over Company&rsquo;s Ability To &lsquo;Operate Efficiently&rsquo;</a>
<ul>
<li>S&amp;P Global has lowered its credit rating of&nbsp;Coinbase Global Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/coin#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">COIN</a>), citing a &ldquo;negative&rdquo; outlook for the cryptocurrency exchange.</li>
<li>S&amp;P Global lowered its long-term issuer credit rating and unsecured debt ratings on Coinbase to &lsquo;BB&rsquo; from &lsquo;BB+&rsquo; on Thursday.</li>
<li>The rating agency said it had revised its assessment of the crypto exchange&rsquo;s financial risk after Coinbase reported weak earnings in the second quarter.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/22/08/28471451/petrobras-again-cuts-refinery-diesel-prices-puts-amazon-basin-potash-rights-on-sale" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Petrobras Cuts Refinery Diesel Prices Again, Puts Amazon Basin Potash Rights On Sale</a>
<ul>
<li>Brazilian state-run&nbsp;Petroleo Brasileiro&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/pbr#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">PBR</a>), also known as Petrobras, will lower refinery gate diesel prices by almost 4% from today, marking the second cut in a week after a drop in international prices.</li>
<li>The company said it would cut diesel prices to 5.19 reais ($1.01) from 5.41 reais, while gasoline prices were kept unchanged.</li>
<li>The oil giant had already lowered diesel prices by 3% last week, the first time in more than a year.</li>
<li>Petroleo Brasileiro, said it has begun looking for bidders for its potassium mining rights in the Amazon basin.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/08/28467762/nft-marketplace-opensea-addresses-the-elephant-in-the-room" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">OpenSea Addresses The &lsquo;Elephant In The Room&rsquo; &mdash; The Sale Of Stolen NFTs</a>
<ul>
<li>Decentralized NFT marketplace OpenSea addressed its policy regarding the sale of stolen items on its platform.</li>
<li>In a series of tweets on Thursday, OpenSea said it plans to incorporate user input in preventing the sale of stolen NFT.</li>
<li>&ldquo;So why do we have this policy? It is against US law to knowingly allow the sale and transfer of stolen items. We do not want to incentivize theft by allowing our platform to be used to help sell stolen items,&rdquo; stated OpenSea.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/08/28468672/ethereum-classic-etc-rally-pushes-short-liquidations-to-9m" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ethereum Classic (ETC) Rally Pushes Short Liquidations To $9M</a>
<ul>
<li>Ethereum Classic ETC/USD rallied to an intra-day high of $42.29 on Thursday, liquidating $9 million worth of short positions.</li>
<li>ETC surged 10% over 24 hours, reclaiming a one-month high, according to data from Benzinga Pro. ETC was up 9.31% against Bitcoin BTC/USD and 6.85% against Ethereum ETH/USD.</li>
<li>Over 12 hours, more than $9 million worth of ETC shorts were liquidated while just $3.8 million longs were liquidated over the same period.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/08/28462123/exclusive-qualcomm-cfo-says-company-is-naturally-positioned-to-benefit-from-the-digital-transformat" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">EXCLUSIVE: Qualcomm CFO Says Company Is &lsquo;Naturally Positioned&rsquo; To Benefit From The Digital Transformation: &lsquo;The Opportunity In Front Of Us Is Unlimited&rsquo;</a>
<ul>
<li>QUALCOMM Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/qcom#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">QCOM</a>) shares surged in July leading up to the company&rsquo;s quarterly results. A strong earnings report from the chipmaker at the end of the month helped to reinforce the recent rally.</li>
<li>&ldquo;We had record revenue both in IoT and automotive, and within handsets, we saw tremendous year-over-year growth in a market that&rsquo;s been relatively challenged because of the overall macroeconomic situation,&rdquo; Qualcomm CFO Akash Palkhiwala said Thursday on Benzinga&rsquo;s &ldquo;Stock Market Movers.&rdquo;</li>
<li>Earnings Highlights: Qualcomm remains focused on diversifying its revenue streams. The chipmaker aims to transform itself from a &ldquo;phone chip company&rdquo; to a &ldquo;connected processor company,&rdquo; Palkhiwala said.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/08/28464453/rivian-q2-earnings-highlights-revenue-beat-production-update-and-whats-next" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Rivian Q2 Earnings Highlights: Revenue Beat, Production Update And What&rsquo;s Next For EV Manufacturer</a>
<ul>
<li>Electric vehicle company&nbsp;Rivian Automotive&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rivn#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">RIVN</a>) reported second-quarter financial results after the market close Thursday. Here are the key highlights.</li>
<li>Rivian reported second-quarter revenue of $364 million, beating a Street estimate of $337.52 million, according to data from Benzinga Pro.</li>
<li>The company reported a loss of $1.89 per share in the second quarter.</li>
<li>&ldquo;We should be able to add a second shift for vehicle assembly towards the end of the third quarter,&rdquo; the company said.</li>
</ul>
Photo via Wikimedia Commons.

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SFTBY

Benzinga Before The Bell: Johnson & Johnson To Stop Selling Talc-Based Powder, Google Fined $43M In Australia For Misleading Users Over Data Tracking, S&P Global Drops Coinbase Debt Rating And Other Top Financial Stories Friday, August 12

<ul>
<li>Deutsche Telekom AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>) reiterated plans to build its stake in&nbsp;T-Mobile US, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>),&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/articles/deutsche-telekom-nearing-majority-ownership-of-t-mobile-11660248874?mod=business_lead_pos12" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">the Wall Street Journal reports</a>.</li>
<li>Deutsche Telekom acknowledged nearing the majority ownership of T-Mobile U.S. by customers.</li>
<li>Deutsche Telekom disclosed a 48.4% stake in T-Mobile U.S. with majority voting power in the U.S. wireless carrier.</li>
<li>Earlier this year, Deutsche Telekom&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/04/26607631/deutsche-telekom-inches-closer-to-holding-t-mobiles-majority-stake-with-latest-move-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">paid $2.4 billion to</a>&nbsp;SoftBank Group Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sftby#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SFTBY</a>) to increase its stake in T-Mobile U.S. to 48.4%.</li>
<li>Deutsche Telekom&nbsp;<a class="editor-rtfLink" href="https://www.telekom.com/en/media/media-information/archive/second-quarter-report-2022-1012842" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">raised its guidance</a>&nbsp;for the second time this year, citing in part the performance of T-Mobile.</li>
<li>T-Mobile U.S.&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/07/28220785/t-mobile-us-registers-2-1-revenue-decline-in-q2-boosts-2022-outlook" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported gains in</a>&nbsp;wireless postpaid phone customers, slightly falling short of rival&nbsp;AT&amp;T Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/t#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">T</a>). However, both outperformed&nbsp;Verizon Communications Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vz#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VZ</a>), which has the country&#39;s most extensive wireless subscriber base.</li>
<li>T-Mobile&#39;s business in the U.S. accounted for about two-thirds of Deutsche Telekom&#39;s net revenue in Q2.</li>
<li>Price Action:&nbsp;TMUS shares closed lower by 0.85% at $143.61 on Thursday.</li>
</ul>

Deutsche Telekom Nears Majority Stake Ownership In T-Mobile

On Wednesday, shares of Deutsche Telekom AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>) experienced volatile short activity. After the activity, the stock price went down -1.15% to $18.96.
The overall sentiment for DTEGY has been Neutral.
The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure.
The volatility alert was produced on the prior trading date, 8/3/2022 with a volatility change of +57.72%. The current volatility indicator stands at 12.089.&nbsp;
Overview: 
The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: 
Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/28062025/united-airlines-pilots-union-to-improve-agreement-by-renegotiating-cnbc" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">United Airlines, Pilots&rsquo; Union To Improve Agreement By Renegotiating</a>
<ul>
<li>United Airlines Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) and its pilots&rsquo; union are renegotiating a new contract, a setback for the carrier after it was the first to achieve a tentative agreement since the pandemic began, reported CNBC.</li>
<li>Renegotiations are taking place since the current agreement &ldquo;fell short&rdquo; of some pilots&rsquo; expectations.</li>
<li>&ldquo;Management has agreed to reengage in discussions to remove objectionable items and work with us to reach a new, improved agreement,&rdquo; stated Capt. Mike Hamilton, chair of the United Master Executive Council, part of ALPA.</li>
</ul>

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/22/07/28062013/barclays-plans-to-enter-this-lucrative-4-3-trillion-asset-management-market-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Barclays Plans To Enter This Lucrative $4.3 Trillion Asset Management Market: Report</a>
<ul>
<li>Barclays Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bcs#NYSE">BCS</a>) is seeking a Chinese banking partner to set up an asset management joint venture in the country, Reuters reported citing two people with knowledge of the matter.</li>
<li>If successful, Barclays will join the wagon of other financial firms planning to or have started operating in the $4.3 trillion bank-dominated asset management market.</li>
<li>The report said that Barclays&rsquo; majority-owned China asset management venture would be set up via its unit Barclays Investment Managers (BIM), which currently operates in Europe and Japan.</li>
</ul>

Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/28062512/eu-court-hits-volkswagen-with-software-seen-as-defeat-device-potentially-opening-door-to-more-consum" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">EU Court Hits Volkswagen With Software Seen As &lsquo;Defeat Device,&rsquo; Potentially Opens Door To More Consumer Claims</a>
<ul>
<li>Volkswagen AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwagy#OTC">VWAGY</a>) suffered a setback at the European Union&rsquo;s top court over its right to deploy IT software technology that protects car components from damage at certain temperatures and altitudes.</li>
<li>In dispute emerging from the aftermath of the diesel scandal, judges at the EU Court of Justice said there was no exemption to EU regulations for the use of software that changes pollutant gas emissions in cars based on the outside temperature.</li>
<li>The ruling opens the door to potential lawsuits for compensation over sales contracts for affected cars.</li>
</ul>

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/28059512/been-an-honor-elon-musk-full-of-praise-as-tesla-ai-director-steps-down" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Loses Key AI Executive: How Elon Musk Reacted</a>
<ul>
<li>Tesla Inc&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) senior director of artificial intelligence, Andrej Karpathy, has quit. CEO Elon Musk said it was an &ldquo;honor&rdquo; working with the deep learning and computer vision expert.</li>
<li>Musk thanked Karpathy for his five-year stint at Tesla on Wednesday. He tweeted, &ldquo;Thanks for everything you have done for Tesla! It has been an honor working with you.&rdquo;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/28059943/own-a-tesla-these-guys-says-it-can-be-stolen-with-a-20-gadget-but-heres-how-you-can-safeguard-it-fro" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Owners, Beware: Your EV Can Be Stolen With This $20 Device, Here&rsquo;s How To Safeguard It</a>
<ul>
<li>Donut Media, a Los Angeles-based firm that runs an eponymous channel on Alphabet Inc&rsquo;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>), says it broke into a Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) vehicle with a $20 device.</li>
<li>Donut&rsquo;s Jeremiah Burton detailed how he was able to &ldquo;steal&rdquo; a Tesla using a relay attack in the video.</li>
<li>Helping Burton on his quest was the principal security consultant and researcher at NCC Group, Sultan Qasim Khan. NCC is a U.K.-based information assurance firm that engages in cybersecurity consulting.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/07/28062019/deutsche-telekom-to-sell-towers-stake-for-17-5b" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Deutsche Telekom Divests 51% Stake In GD Towers To DigitalBridge &amp; Brookfield</a>
<ul>
<li>German telecommunications company, Deutsche Telekom AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>), revealed the sale of a 51% ownership stake in GD Towers, comprising its tower business in Germany and Austria, to a consortium of Canada&rsquo;s Brookfield Infrastructure Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bip#NYSE">BIP</a>) and DigitalBridge Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dbrg#NYSE">DBRG</a>) affiliated funds.</li>
<li>The transaction values GD Towers at &euro;17.5 billion, or $17.5 billion, on a consolidated basis, including the assumption of net debt.</li>
<li>The German telecom giant will keep the remaining 49% stake, and the deal is expected to close towards the end of this year.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/28059823/teslas-battery-supplier-panasonic-to-build-4b-battery-plant-in-kansas-why-its-important-for-the-elon" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">This Tesla Battery Supplier Will Build A $4B Plant In Kansas: Why It&rsquo;s Important For Elon Musk&rsquo;s Company</a>
<ul>
<li>Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) battery supplier Panasonic Holdings Corp&rsquo;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/pcrfy#OTC">PCRFY</a>) subsidiary has zeroed in on the U.S. state of Kansas as the site to build its second U.S. lithium-ion battery manufacturing plant.</li>
<li>The midwestern state of Kansas, known as America&rsquo;s bread basket, has approved a state incentive application filed by Panasonic Energy, the Japanese company and Kansas Governor Laura Kelly jointly announced. De Soto, Kansas, has been identified as the potential site for the project.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/28060028/watch-out-elon-musk-hyundai-motor-introduces-first-electric-sedan-taking-on-teslas-best-selling-mode" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Asian Auto Giant Launches First Electric Sedan To Take On Tesla Model 3</a>
<ul>
<li>South Korea-based Hyundai Motor Co (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>) (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/hymly#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HYMLY</a>) unveiled its first electric sedan Ioniq 6 in Seoul on Thursday, as the automaker seeks to capture the lion&rsquo;s share of the rapidly evolving EV market at home.</li>
<li>Rivaling the likes of Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), Nio Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>), Xpeng Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>), and other EV makers, Hyundai is looking to launch as many as 31 electric models by 2030 to secure a projected 12% of the global EV market.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/07/28059975/how-qualcomm-will-help-tsmc-stay-markedly-ahead-of-samsung-super-win-win-for-the-tw" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Analyst Says Qualcomm Shifting Allegiance Will Help This Apple Supplier Stay Markedly Ahead Of Samsung</a>
<ul>
<li>Taiwan Semiconductor Manufacturing Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) will likely be the sole supplier of Qualcomm, Inc.&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) 5G chips in 2023 and 2024, analyst Ming-Chi Kuo said in a tweet on Wednesday.</li>
<li>The assumption, according to the TFI International Securities analyst &mdash; best known for his accurate predictions around Apple, Inc. (NASDAQ: <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>) products &mdash; is based on his latest survey.</li>
<li>&ldquo;It&rsquo;s a super win-win for the two companies,&rdquo; Kuo said.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/07/28062523/okx-awarded-dubai-vara-provisional-license-plans-to-open-a-hub" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Cryptocurrency Exchange OKX Awarded Dubai VARA Provisional License, Plans To Open Hub</a>
<ul>
<li>The Seychelles-based cryptocurrency exchange OKX has been awarded a provisional virtual assets (VA) license to provide services to qualified investors in the U.A.E.</li>
<li>Granted by the Dubai Virtual Assets Regulatory Authority (VARA), OKX&rsquo;s provisional license for Dubai allows it to extend certain exchange products and services to pre-qualified investors and financial service providers.</li>
<li>The company also plans to open a regional hub in Dubai to contribute to developing the ever-expanding virtual asset ecosystem both in Dubai and globally.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/07/28061912/despite-inflationary-pressures-taiwan-semiconductor-records-76-jump-in-q2-profits" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Despite Inflationary Pressures, Taiwan Semiconductor Records 76% Jump In Q2 Profits</a>
<ul>
<li>Taiwan Semiconductor Manufacturing Co Ltd (NYSE: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsm#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSM</a>) said its second-quarter profit surged over 76% to NT$237.03 billion (equivalent to $8.06 billion). Revenue jumped 43.5% to NT$534.14 billion (~$18.2 billion), almost in line with the consensus of $18.25 billion.</li>
<li>The company posted EPS of NT$9.14 ($1.55 per ADR unit), beating the consensus of $1.47.</li>
<li>Its gross margin reached 59.1%, operating margin was 49.1%, and net profit margin was 44.4%.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/07/28059974/us-cpi-hits-9-1-18m-bitcoin-longs-liquidated-in-35-minutes" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">$18M Bitcoin Longs Liquidated In 35 Mins As US CPI Hits 9.1%</a>
<ul>
<li>U.S. consumer inflation hit a 40-year high of 9.1% on Wednesday, sending cryptocurrency markets plummeting briefly.</li>
<li>According to data from Benzinga Pro, Bitcoin BTC/USD plunged from $19,898 to a low of $18,999 after the numbers were released.</li>
<li>The immediate aftermath of the sudden and sharp decline was a series of cascading BTC long liquidations. According to on-chain liquidation data from CoinGlass, $17.6 million Bitcoin longs were liquidated within 60 minutes of the negative price action.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/07/28058410/novavax-secures-fda-emergency-authorization-for-adjuvanted-covid-19-vaccine" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Novavax Secures FDA Emergency Authorization For Adjuvanted Covid-19 Vaccine</a>
<ul>
<li>The U.S. Food and Drug Administration (FDA) grants emergency use authorization (EUA) to Novavax&rsquo;s (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/nvax#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NVAX</a>) lead candidate Adjuvanted (NVX-CoV2373) COVID-19 Vaccine for individuals 18 years of age and over.</li>
<li>The adjuvanted (NVX-CoV2373) vaccine is tested to provide a two-dose primary series for active immunization to prevent coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) in individuals 18 years of age and over.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/07/28060229/mind-boggling-dogecoins-palmer-calls-out-bankrupt-celsius-for-still-advertising-17-apy" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">&lsquo;Mind-Boggling&rsquo;: Dogecoin Co-Founder Calls Out Bankrupt Celsius For Still Advertising 17% APY</a>
<ul>
<li>Dogecoin DOGE/USD co-founder Jackson Palmer took to Twitter Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) to share his disapproval of bankrupt crypto lender Celsius Network.</li>
<li>&ldquo;Mind-boggling that even though they&rsquo;ve filed for bankruptcy, you can still click &ldquo;Get Started&rdquo; on the Celsius website and they&rsquo;ll advertise you the 17% APY on the registration page,&rdquo; said Palmer in a tweet on Wednesday.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/07/28059329/crypto-lender-celsius-files-for-chapter-11-bankruptcy" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Crypto Lender Celsius Files For Chapter 11 Bankruptcy</a>
<ul>
<li>Distressed cryptocurrency lending platform Celsius Network has filed for Chapter 11 Bankruptcy.</li>
<li>What Happened: In a press release on Wednesday, the company said it had initiated voluntary petitions for reorganization in the United States Bankruptcy Court for the Southern District of New York.</li>
<li>&ldquo;This is the right decision for our community and company,&rdquo; said Celsius CEO Alex Mashinsky.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/07/28059718/shiba-inu-makes-huge-addition-to-metaverse-team" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Shiba Inu Makes&rsquo; Huge Addition&rsquo; To Metaverse Team: What You Should Know</a>
<ul>
<li>Lead developers of the Shiba Inu SHIB/USD metaverse announced the addition of a new advisor to its team.</li>
<li>In an update on Twitter, Shiba Inu&rsquo;s Shytoshi Kusama said the metaverse team had brought on David Kern &ndash; a former technical artist at Sony Group Corp&rsquo;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) Zipper Interactive</li>
<li>Kusama described the development as a &ldquo;huge addition&rdquo; to the Shiba Inu metaverse team.</li>
</ul>
Photo by Blomst via Pixabay

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Sony Group Corporation American Depositary Shares

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Benzinga Before The Bell: Tesla's AI Exec Quits, Hyundai Unveils Ioniq 6 EV, Taiwan Semiconductor's Massive Q2 Profit Surge And Other Top Financial Stories Thursday, July 14

<ul>
<li>German telecommunications company,&nbsp;Deutsche Telekom AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>),&nbsp;<a class="editor-rtfLink" href="https://www.telekom.com/en/media/media-information/archive/deutsche-telekom-enters-partnership-for-gd-towers-1011598" 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">revealed the sale of a 51%&nbsp;</a>ownership stake in&nbsp;GD Towers<a class="editor-rtfLink" href="https://www.telekom.com/en/media/media-information/archive/deutsche-telekom-enters-partnership-for-gd-towers-1011598" 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">,&nbsp;</a>comprising its tower business in Germany and Austria, to a consortium of Canada&#39;s&nbsp;Brookfield Infrastructure Partners LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bip#NYSE">BIP</a>) and&nbsp;DigitalBridge Group, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dbrg#NYSE">DBRG</a>) affiliated funds.</li>
<li>The <a href="https://www.benzinga.com/pressreleases/22/07/b28059925/digitalbridge-to-acquire-majority-stake-in-gd-towers-in-partnership-with-brookfield">transaction values GD Towers at &euro;17.5 billion</a>, or $17.5 billion, on a consolidated basis, including the assumption of net debt.</li>
<li>The German telecom giant will keep the remaining 49% stake, and the deal is expected to close towards the end of this year.&nbsp;</li>
<li>GD Towers has around 800 employees and operates more than 40,000 sites in Germany and Austria.</li>
<li>The transaction is expected to reduce Deutsche Telekom&#39;s financial leverage by &euro;10.7 billion and net debt including leases by &euro;6.5 billion.</li>
<li>Tim H&ouml;ttges, CEO of Deutsche Telekom, said, &quot;At the same time the deal allows us to continue improving Deutsche Telekom&#39;s undisputed network leadership in Germany and benefit from further value upside of the towers business through our retained 49 percent stake.&quot;</li>
<li>Price Action:&nbsp;DTEGY shares closed 0.10% higher at $19.38 on Wednesday.</li>
<li>Photo Via&nbsp;Wikimedia Commons</li>
</ul>

Deutsche Telekom Divests 51% Stake In GD Towers To DigitalBridge & Brookfield

<ul>
<li>Ericsson&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>) and&nbsp;Deutsche Telekom AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>) harnessed the power of the wind and the sun at an energy-hungry 5G mobile site in Germany to beat soaring electricity costs,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/media-telecom/ericsson-deutsche-telekom-harness-wind-power-mobile-masts-energy-costs-soar-2022-05-23/" 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 reports</a>.</li>
<li>Energy costs accounted for around 5% of telecom operators&#39; operating expenditure on average and will likely increase with the broader deployment of 5G.</li>
<li>The report noted Ericsson&#39;s 5-kilowatt wind turbine and solar modules could power the entire site of Dittenheim, around 120 miles north of Munich in the state of Bavaria.</li>
<li>Twelve square meters of solar panels have already been operating for a year, supplying about 10% of the required energy.</li>
<li>The report quoted an Ericsson official stating that Telecom operators can use local renewable energy when market prices are higher, typically during the morning and evening, and rely on the grid when lower demand reduces costs.</li>
<li>Morgan Stanley saw telecom operators have extra motivation to cut costs as they also need to channel $872 billion globally into the rollout of next-generation 5G networks until 2030.</li>
<li>Price Action:&nbsp;ERIC shares traded higher by 2.45% at $7.96 in the premarket on the last check Monday.</li>
</ul>

Ericsson, Deutsche Telekom Harness Wind, Solar Power: Reuters

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26608859/blackrock-to-introduce-its-first-china-etf-in-2022-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Blackrock To Introduce Its First China ETF In 2022: Reuters</a> 
<ul>
<li>According to two people with close knowledge of the matter, BlackRock, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) plans to launch its first product in China&rsquo;s $220 billion onshore exchange-traded funds (ETF) market later this year and has started hiring accordingly.</li>
<li>The world&rsquo;s largest money manager, which thrives on the rise of passive investing with 70% of its $10 trillion global portfolio in ETFs and index funds, will be the first wholly-owned foreign fund manager to enter China&rsquo;s onshore ETF market, writes Reuters.</li>
<li>Presently, the U.S. firm manages overseas assets of a handful of China&rsquo;s large state-backed investors.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26608657/hyundai-to-start-ev-production-in-us-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Hyundai To Start EV Production In US</a>
<ul>
<li>Hyundai Motor Co (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>) plans to start electric vehicles production in its Montgomery assembly line in the U.S., Reuters reported.</li>
<li>The auto major will invest $300 million to build the Electrified Genesis GV 70 and a hybrid version of the Santa Fe at its U.S. manufacturing center.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26609048/us-central-bankers-remain-divided-on-post-pandemic-inflation-outlook" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">US Central Bankers Remain Divided On Post Pandemic Inflation Outlook</a> 
<ul>
<li>Federal Reserve Governor Lael Brainard and Richmond Fed President Thomas Barkin saw a series of interest rate hikes and a reduction in the Fed&rsquo;s massive bond holdings bringing inflation back down toward the Fed&rsquo;s 2% goal.</li>
<li>But once the economy moved beyond price pressures from pandemic-constrained supply and Russia&rsquo;s invasion of Ukraine, the economic picture could reset closer to pre-pandemic norms, Brainward added.</li>
<li>Barkin saw post-pandemic upward price pressures and inflation continue as supply chains become more resistant to potential disruptions and governments continue to spend on aging population or defense.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26607028/justin-bieber-maria-sharapova-bruce-willis-back-crypto-startup-in-87m-funding-round" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Justin Bieber, Maria Sharapova, Bruce Willis Back Crypto Startup In $87M Funding Round</a>
<ul>
<li>MoonPay has raised $87 million in funding from high-profile investors, Reuters reported on Wednesday, citing a statement from the cryptocurrency payments startup.</li>
<li>What Happened: The firm&rsquo;s Series A funding round saw participation from celebrity investors like tennis star Maria Sharapova and pop singer Justin Bieber.</li>
<li>Other investors that participated in the round included Hollywood actor Bruce Willis, rapper Snoop Dogg and Canadian singer Abel Makkonen Tesfaye, otherwise known as The Weeknd.</li>
</ul>

Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/04/26608816/japan-based-shinogis-covid-19-drug-associated-with-birth-defects-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Japan-Based Shinogi&rsquo;s COVID-19 Drug Associated With Birth Defects: Bloomberg</a>
<ul>
<li>Shionogi &amp; Co stock slumped 16% in Tokyo after preclinical studies showed its experimental COVID-19 drug disturbed fetal development, triggering concerns about its approval.</li>
<li>Kyodo News reported that the drug likely wouldn&rsquo;t be recommended for pregnant women without giving attribution.</li>
<li>The animal data, which showed harm when given at high doses, was submitted to Japanese regulators in February when the company sought a priority review required for conditional approval, a Shionogi spokesman said.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/04/26607631/deutsche-telekom-inches-closer-to-holding-t-mobiles-majority-stake-with-latest-move-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Deutsche Telekom Inches Closer To Holding T-Mobile&rsquo;s Majority Stake With Latest Move: Bloomberg</a>
<ul>
<li>Deutsche Telekom AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>) paid $2.4 billion to SoftBank Group Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sftby#OTC">SFTBY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sftbf#OTC">SFTBF</a>) to increase its stake in T-Mobile U.S. Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>) to 48.4%.</li>
<li>Deutsche Telekom acquired 21.2 million shares at an average price of $113 per T-Mobile share, taking it closer to holding a majority of the U.S. division.</li>
<li>The purchase price implied a 13.4% discount to T-Mobile&rsquo;s April 11 closing of $130.42. T-Mobile shares closed at $131.44 on April 12.</li>
</ul>

Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26608653/surging-power-prices-trigger-severe-metal-crisis-ft" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Surging Power Prices Trigger Severe Metal Crisis</a>
<ul>
<li>Inventories of aluminum, copper, nickel, and zinc traded on the London Metal Exchange have plunged by up to 70% over the past year, as record power prices in Europe hit production and the Ukraine war threatened output from Russia.</li>
<li>Analysts acknowledged that the soaring gas and power prices are behind the drawdown. They forced companies to curtail production at lossmaking zinc and aluminum smelters. Other reasons are production cuts and possible disruption of copper and nickel from Russia amid its war with Ukraine.</li>
<li>The crisis could drive up the price of the LME as traders and producers seek to close short positions by repurchasing contracts.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26608677/iea-marginally-cuts-global-oil-demand-forecast-on-mired-outlook-due-to-china-covid-19-lockdown-russi" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">IEA Marginally Cuts Global Oil Demand Forecast On Mired Outlook Due To China COVID-19 Lockdown, Russia-Ukraine War</a>
<ul>
<li>The International Energy Agency (IEA) has lowered its global oil demand forecast amid surging coronavirus cases in China and weaker than expected demand in the U.S. and other developed countries.</li>
<li>The agency now expects demand to average 99.4 million barrels a day this year, down from its previous estimate of 99.7 million b/d in March.</li>
<li>&ldquo;The stringent lockdowns in China have led us to further revise down our estimate for oil demand in the second quarter and the year as a whole,&rdquo; the Paris-based group said in its monthly oil market report on Wednesday.</li>
</ul>

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26607996/google-to-invest-9-5b-across-us-offices-data-centers" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Google To Invest $9.5B Across US Offices, Data Centers</a>
<ul>
<li>Alphabet Inc&rsquo;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 looks to invest $9.5 billion across its U.S. offices and data centers in 2022.</li>
<li>In 2021, Google looked to invest $7 billion in the initiative.</li>
<li>Google will open a new office in Atlanta in 2022 and expand its data center in Storey County, Nevada.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26606858/insider-trading-allegations-abound-as-ethereum-wallet-buys-400k-tokens-before-coinbase-rel" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Insider Trading Allegations Abound As Ethereum Wallet Buys $400K Tokens Before Coinbase Releases&rsquo; Potential&rsquo; Listings</a>
<ul>
<li>An Ethereum ETH/USD wallet address purchased at least $400,000 worth of cryptocurrency tokens due to be listed by Coinbase Global Inc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/coin#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">COIN</a>) a day before the official announcement was made.</li>
<li>According to on-chain transactions highlighted by noted cryptocurrency trader Cobie on Twitter, the wallet acquired a significant amount of six tokens mentioned in Coinbase&rsquo;s list of assets &ldquo;under consideration&rdquo; before the information was made public.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26606653/shiba-inu-metaverse-launches-today-whats-in-store" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Shiba Inu Metaverse Launches Today: What&rsquo;s In Store?</a>
<ul>
<li>The Shiba Inu SHIB/USD team announced that the land bid event for its metaverse would launch in a few hours.</li>
<li>What Happened: &ldquo;The Metaverse launches today,&rdquo; stated an update from the official Shiba Inu Twitter Inc (NYSE: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/twtr#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TWTR</a>) account earlier today.</li>
<li>The team stated that the land bid event &ldquo;will officially launch in a few hours.&rdquo; In order to participate, users will have to lock their $LEASH and $SHIBOSHI tokens and be prepared to make bids with Ethereum ETH/USD.</li>
</ul>

<ul>
<li><a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26607203/facebook-parent-will-take-a-47-5-cut-for-virtual-sales-in-metaverse-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Facebook Parent Will Take A 47.5% Cut For Virtual Sales In Metaverse: Report</a>Mark Zuckerberg-led Meta (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/fb#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FB</a>) will reportedly charge creators in its metaverse a 47.5% fee for all sales.</li>
<li>According to a report from Insider on Tuesday, Meta will charge a 30% fee for sales made on its virtual reality system Meta Quest and another 25% sales fee for sales made through its Horizon Worlds metaverse.</li>
<li>Insider estimated that Meta&rsquo;s cut will be 47.5% of the creator&rsquo;s sale price, leaving the seller with 52.5%.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26607049/tesla-rival-lucid-launches-luxury-sedan-with-higher-range-what-you-need-to-know" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Rival Lucid Launches Luxury Sedan With Higher Range: What You Need To Know</a>
<ul>
<li>Luxury electric vehicle startup Lucid Group Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcid#NASDAQ">LCID</a>) said on Tuesday launched the Lucid Air Grand Touring Performance, a new edition of its powerful and expensive luxury sedan.</li>
<li>The company said deliveries for the new model are scheduled to begin in June at a ticket price of $179,000 per vehicle, $10,000 more than its limited-edition Air sedans.</li>
<li>Lucid&rsquo;s Air entry-level sedan is priced at $77,400, excluding an up to $7,500 federal tax credit for plug-in vehicles, while its Dream edition variant is sold at $169,000 and has a 520-mile range, more than Tesla Inc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsla#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSLA</a>) models.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/04/26606853/elon-musks-spacex-nasa-now-target-april-end-to-send-crew-4-astronauts-to-space" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Elon Musk&rsquo;s SpaceX, NASA Now Target April-End To Send Crew-4 Astronauts To Space</a>
<ul>
<li>U.S. space agency NASA said on Tuesday it is now targeting the last week of April to send the Crew-4 astronauts to the International Space Station via Tesla Inc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsla#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSLA</a>) CEO Elon Musk&rsquo;s SpaceX.</li>
<li>The space companies are targeting no earlier than 5:26 a.m. ET Saturday, April 23, for the launch from NASA&rsquo;s Kennedy Space Center in Florida.</li>
<li>The dates have been adjusted due to the launch of SpaceX&rsquo;s first 10-day, all-private Axiom Mission 1 (Ax-1) to the ISS on April 8.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/04/26606390/shiba-inu-rallies-35-after-robinhood-listing" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Shiba Inu Rallies 35% After Robinhood Listing</a>
<ul>
<li>Shiba Inu SHIB/USD saw its price spike after being listed by Robinhood Markets Inc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/hood#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HOOD</a>) on Tuesday.</li>
<li>According to data from Benzinga Pro, SHIB rallied 35% to an intra-day high of $0.00002977 after Robinhood announced that it had finally listed the meme-based cryptocurrency.</li>
<li>At the time of writing, SHIB was still up by 20% over a 24-hour period and was trading around $0.00002671. The meme token saw a 440% surge in daily trading volume which exceeded $4 billion at press time.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/04/26608986/halozyme-buys-antares-in-960m-deal-to-create-one-drug-delivery-specialty-product-entity" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Halozyme Buys Antares In $960M Deal To Create One Drug Delivery, Specialty Product Entity</a>
<ul>
<li>Halozyme Therapeutics Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/halo#NASDAQ">HALO</a>) will acquire Antares Pharma Inc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/atrs#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ATRS</a>) for $5.60 per share, valuing Antares at approximately $960 million.</li>
<li>The transaction is expected to be accretive to Halozyme&rsquo;s 2022 revenue and adjusted earnings and accelerate top-and bottom-line growth through 2027, with multiple growth drivers beyond 2027.</li>
</ul>
Photo via Wikimedia Commons

ATRS

ERUS

HALO

HOOD

LCID

SFTBF

Morning Brief: Top Stories Dominating Financial Media on Wednesday, April 13

<ul>
<li>Deutsche Telekom AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dtegy#OTC">DTEGY</a>) paid $2.4 billion to&nbsp;SoftBank Group Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sftby#OTC">SFTBY</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sftbf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SFTBF</a>) to increase its stake in&nbsp;T-Mobile U.S. Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>) to 48.4%,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-04-13/deutsche-telekom-buys-2-4-billion-softbank-stake-in-t-mobile?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
<li>Deutsche Telekom acquired 21.2 million shares at an average price of $113 per T-Mobile share, taking it closer to holding a majority of the U.S. division.</li>
<li>The purchase price implied a 13.4% discount to T-Mobile&#39;s April 11 closing of $130.42. T-Mobile shares closed at $131.44 on April 12.</li>
<li>Deutsche Telekom used part of the &euro;4 billion which it received from the sale of T-Mobile Netherlands.</li>
<li>Deutsche Telekom has long flagged its desire to increase its stake in the U.S. business, accounting for nearly two-thirds of its sales.</li>
<li>Deutsche Telekom previously had a 46.7% stake in T-Mobile after buying 45 million shares in the company in September as part of its agreement with SoftBank.</li>
<li>Price Action:&nbsp;TMUS shares closed higher by 0.78% at $131.44 on Tuesday.</li>
<li>Photo by Capri23auto from Pixabay</li>
</ul>

Deutsche Telekom Inches Closer To Holding T-Mobile's Majority Stake With Latest Move: Bloomberg

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