Short interest for IntelliPharmaCeutics Intl gives investors a sense of the degree to which investors are betting on the decline of IntelliPharmaCeutics Intl's stock. Short interest data is updated every two weeks.

IntelliPharmaCeutics Intl Stock (OTC:IPCIF), Short Interest Report

IntelliPharmaCeutics International Inc is a pharmaceutical company. The company is engaged in the research, development, and manufacturing of novel and generic controlled-release and targeted-release oral solid dosage drugs. Its patented Hypermatrix technology is a multidimensional controlled-release drug delivery platform that can be applied to the development of a range of existing and new pharmaceuticals. Its ongoing drug development programs are at various stages of development in therapeutic areas that include neurology, cardiovascular, GIT, and pain. The company's product, a generic of Focalin XR, is partnered with Par Pharmaceutical, Inc. and received FDA approval. It derives revenue from the United States.

Biotech

News

Movers

Trading Ideas

IPCIF

NKTR

Nektar Slumps As FDA Panel Gives Thumbs Down To Opioid Pain Drug; Program Shelved

Guidance

ADAP

ALPMY

APLT

ARVN

ATHX

ATRC

BVXV

CALA

EDIT

EPZM

FATE

FREQ

GLPG

GNMK

HALO

HOLX

IART

MEDP

MNTA

MYOK

NOVN

NUVA

PROF

PTLA

RCEL

REPL

RGEN

RMTI

RVNC

STML

Syneos Health, Inc. - Class A Common Stock

SYNH

TGTX

XBIT

ZLAB

The Daily Biotech Pulse: Nektar Withdraws Opioid Pain Drug NDA, Galapagos Takes Stake In Fibrocor, Integra Lifesciences Lowers Q4 Guidance

Previews

IPOs

AZRX

CYCN

DRRX

The Week Ahead In Biotech: JPMorgan Healthcare Conference, FDA Panel Reviews Opioid Pain Drugs, I-Mab&#39;s IPO

INTELLIPHARMACEUTICS INTL by Intellipharmaceutics International Inc.

IntelliPharmaCeutics International Inc

Stifel analyst Shlomo Rosenbaum initiates coverage on UL Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULS#NYSE">ULS</a>) with a Buy rating and announces Price Target of $40.

Price Target

Initiation

Analyst Ratings

Stifel Initiates Coverage On UL Solutions with Buy Rating, Announces Price Target of $40

Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk couldn&#8217;t resist poking fun at rival EV maker Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), following the latter&#8217;s report of a staggering&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38653616/lucid-q1-earnings-highlights-revenue-beat-eps-miss-production-update-and-more" rel="noreferrer noopener">net loss of $680.9 million</a>&nbsp;for the first quarter after generating just $172.7 million in revenue.
What Happened: In response to a Twitter user&#8217;s suggestion that Lucid might mitigate its losses by giving away free Tesla Model 3s and halting its&nbsp;own&nbsp;car production, Musk simply replied with a laughing emoji.&nbsp;
Lucid incurred a net loss of over $346,000 for every vehicle delivered in the first quarter.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f602;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1787589219583680512?ref_src=twsrc%5Etfw">May 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk also reacted similarly to comments made by Lucid CEO&nbsp;Peter Rawlinson&nbsp;during the company&#8217;s first-quarter earnings call, particularly regarding their in-house technology and partnership with Saudi Arabia&#8217;s Public Investment Fund.
&#8220;Now I believe there are two key factors that&nbsp;really&nbsp;set Lucid apart. Our superior in-house technology and our partnership with the PIF, who have been steadfast investors and partners,&#8221; Rawlinson said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f602;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1787587585302561202?ref_src=twsrc%5Etfw">May 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This ongoing banter highlights Musk&#8217;s long-standing criticism of Lucid and its CEO. Last year, Musk warned of potential bankruptcy for Lucid due to excessive spending and predicted they would &#8220;end up in the cemetery&#8221; unless they slashed costs.&nbsp;
Earlier this year, he remarked that &#8220;Their Saudi sugar daddy is the only thing keeping them alive,&#8221; referring to the significant investment from PIF, totaling about $6.4 billion since 2018.
Musk has also&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37173595/elon-musk-isnt-impressed-by-lucids-approval-of-6m-cash-bonus-for-its-ceo-his-comp-is-inversely-propo" rel="noreferrer noopener">questioned Rawlinson&#8217;s compensation</a>, considering it excessive given the company&#8217;s performance. He criticized a $6 million cash bonus approved for the CEO in February, claiming it was disproportionate to Rawlinson&#8217;s actual contributions.
Moreover, Musk has disputed Rawlinson&#8217;s claimed role as the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/21/05/20929658/elon-musk-plays-down-lucid-ceos-role-with-tesla-says-rawlinson-was-never-chief-engineer" rel="noreferrer noopener">chief engineer for Tesla&#8217;s Model S</a>, alleging that Rawlinson joined the company after the Model S prototype phase and left before production began.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/05/38628520/tesla-launches-model-y-rwd-variant-that-can-go-upto-320-miles-on-a-single-charge-elon-musk-promises" target="_blank" rel="noreferrer noopener">Tesla Launches Model Y RWD Variant That Can Go Upto 320 Miles On A Single Charge: Elon Musk Promises More Range On Discontinued Variant For Additional $1500 To $2000</a>
Photo courtesy: Shutterstock

Tech

LCID

TSLA

Elon Musk ROFLs Over Lucid's Ginormous Q1 Loss And CEO Rawlinson's Claims About What Really Sets Tesla Rival Apart

Elon Musk, the CEO of SpaceX, has expressed skepticism about the immediate utility of artificial intelligence in space exploration. However, this has not deterred him from investing heavily in AI development.
What Happened: During the 27th annual Milken Institute Global Conference on Monday, Musk discussed the potential of AI and its role in human civilization. When asked if AI could accelerate his space exploration efforts, Musk revealed that SpaceX currently uses almost no AI, and there is no immediate use for it.
During the discussion, Michael Milken, acting as the moderator, posed questions about the potential for AI to enhance space-related efforts and its role in achieving specific objectives.
&#8220;I mean, oddly enough, one of the areas where there&#8217;s almost no AI used is space exploration,&#8221; Musk replied. &#8220;So&nbsp;SpaceX&nbsp;uses basically no AI,&nbsp;Starlink&nbsp;does not use AI. I&#8217;m not against using it. We haven&#8217;t seen a use for it.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Watch LIVE: <a href="https://twitter.com/MilkenInstitute?ref_src=twsrc%5Etfw">@MilkenInstitute</a> Chairman Mike Milken in conversation with <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> at <a href="https://twitter.com/hashtag/MIGlobal?src=hash&amp;ref_src=twsrc%5Etfw">#MIGlobal</a> <a href="https://t.co/P30xoZkExA">https://t.co/P30xoZkExA</a>
&mdash; Milken Institute (@MilkenInstitute) <a href="https://twitter.com/MilkenInstitute/status/1787635180121084044?ref_src=twsrc%5Etfw">May 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He also mentioned that the AI language models he has been testing have been disappointing when asked questions about space, the Fermi paradox, rocket engine design, and electrochemistry.
Despite his reservations about AI in space exploration, Musk&#8217;s startup company, xAI, is focused on using AI to accelerate human scientific discovery. Musk has previously predicted that AI will <a href="https://www.benzinga.com/news/24/03/37641748/elon-musk-foresees-ai-surpassing-human-intelligence-by-next-year-entire-humanity-by-2029">surpass human intelligence</a> by the end of 2026.
See Also: <a href="https://www.benzinga.com/news/24/05/38572315/elon-musk-finds-smoking-gun-constitutional-violation-as-jim-jordan-challenges-mark-zuckerbergs-faceb?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Finds &#8216;Smoking Gun&#8217; Constitutional Violation As Jim Jordan Challenges Mark Zuckerberg&#8217;s Facebook To Tell Truth Behind White House Censorship Of Lab Leak Theory</a>
At his other companies, AI is more integrated. At X, Musk has integrated his AI chatbot Grok into the social media platform. He is also considering using AI to help summarize news on the site. 
At Tesla, Musk has paused AI development for his cars because he does not hold <a href="https://www.benzinga.com/news/24/01/36652560/elon-musk-wants-to-own-25-of-tesla-heres-how-much-of-the-ev-stock-the-ceo-owns">a 25% stake</a> in the company, which he believes would give him more control over the direction of AI at the company.
Why It Matters: Musk&#8217;s skepticism about AI in space exploration is noteworthy given his other AI ventures. Earlier this year, Musk&#8217;s xAI.Corp was <a href="https://www.benzinga.com/startups/24/05/38593193/elon-musks-xai-valued-at-18-billion-in-latest-funding-round-as-musk-looks-to-take-on-80-billion-open">valued at $18 billion</a> in a funding round. The company aims to use AI to accelerate human scientific discovery.
Despite his reservations about AI, Musk has been a vocal advocate for its potential. In a recent interview, Musk called AI the <a href="https://www.benzinga.com/general/24/04/38258816/elon-musk-calls-artificial-intelligence-greatest-potential-breakthrough-in-lifetime-with-caveat-a-sm">greatest potential breakthrough</a> in our lifetime, although he also acknowledged the small chance that AI could end humanity.
His skepticism about AI in space exploration also comes at a time when SpaceX is <a href="https://www.benzinga.com/news/24/03/37768437/elon-musks-spacex-is-secretly-building-a-huge-spy-satellite-network-for-the-us-government">reportedly developing a network of spy satellites</a> for a U.S. intelligence agency. 
This initiative, which involves constructing hundreds of satellites under a classified contract valued at $1.8 billion with the National Reconnaissance Office, underscores the growing partnership between SpaceX and national security agencies.
Read Next: <a href="https://www.benzinga.com/news/24/05/38542692/tesla-ceo-elon-musk-is-impressed-by-the-fact-that-jeff-bezos-aws-12-month-revenue-is-higher-than-466?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Is Impressed By The Fact That Jeff Bezos&#8217; AWS 12-Month Revenue Is Higher Than 466 S&amp;P 500 Companies: &#8216;Wow&#8217;</a>
Image Via Shutterstock 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Elon Musk Says AI Has No Use At SpaceX, But Still Bets Big On Its Potential: 'I'm Not Against Using It'

Piper Sandler analyst Yasmeen Rahimi upgrades Design Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>) from Neutral to Overweight and raises the price target from $6 to $12.

Upgrades

DSGN

Piper Sandler Upgrades Design Therapeutics to Overweight, Raises Price Target to $12

Mizuho analyst John Roberts initiates coverage on Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) with a Neutral rating and announces Price Target of $36.

Mizuho Initiates Coverage On Corning with Neutral Rating, Announces Price Target of $36

Tom Lee, the head of research at Fundstrat, has advised investors to consider purchasing stocks this month, citing a forthcoming significant decline in inflation.
What Happened: Lee highlighted that the recent inflation figures for March have been higher than expected for the third consecutive month, in a <a href="https://youtu.be/rjm6F8LYRwE?feature=shared">conversation</a> with CNBC on Monday. 
However, he attributed the elevated readings to delays in official statistics, pointing out that real-time home and rent prices are stabilizing.
These real-time price drops will eventually be reflected in the official inflation report, which Lee believes will be bullish for stocks. A decrease in price growth will provide the Federal Reserve with more flexibility to cut interest rates and adjust its monetary policy.
&#8220;I think inflation is going to cool pretty dramatically. I don&#8217;t know when, but it&#8217;ll be sometime in the second half of this year,&#8221; Lee predicted.
Lee also suggested that the Fed might succumb to pressure to cut interest rates, especially considering the potential negative impact of maintaining high rates for an extended period.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38634310/tesla-retail-shareholder-who-poured-3-5b-into-ev-stock-screams-foul-over-magician-elon-musks-pay?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Retail Shareholder Who Poured $3.5B Into EV Stock Screams Foul Over &#8216;Magician&#8217; Elon Musk&#8217;s Pay Package Plan, Urges Other Investors To Vote No: &#8216;Don&#8217;t Be A Sucker&#8217;</a>
Lee, who is among the most bullish Wall Street forecasters in 2024, previously forecasted that the S&amp;P 500 could rise as high as 5,500 by the end of the year, indicating a further 6% gain for the benchmark index.
Why It Matters: The stock market has been showing signs of resilience despite concerns over inflation and interest rates. The traditional Wall Street adage &#8220;sell in May and go away&#8221; <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38572139/sell-in-may-and-go-away-a-fading-tradition-in-stock-market">may not hold water this year</a>, as analysts debunk the myth with strong evidence of positive stock market performance during the historically weak May-October period.
Other experts, such as veteran Wall Street investor Ed Yardeni, have also expressed confidence in the market&#8217;s continued growth potential, citing a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38643266/why-veteran-wall-street-investor-believes-were-still-in-a-bull-market">less aggressive approach</a> by the Federal Reserve and a positive earnings season.
The global economy is also showing signs of resilience, with the Organization for Economic Cooperation and Development revising its <a href="https://www.benzinga.com/news/24/05/38575037/world-economy-seeks-to-avoid-stagflation-as-oecd-lifts-global-growth-forecast-for-2024">2024 growth forecast upwards</a>, indicating a potential escape from a stagflationary rut.
However, concerns over inflation and interest rates persist, with the <a href="https://www.benzinga.com/news/24/04/38453174/us-economy-faces-worst-of-both-worlds-as-stagflation-threat-looms-large">U.S. economy facing a potential stagflation threat</a> due to slower-than-expected growth and higher-than-expected inflation.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38630402/teslas-dogecoin-adoption-sends-crypto-market-into-frenzy-meme-coin-surges-by-over-21?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Dogecoin Adoption Sends Crypto Market Into Frenzy, Meme Coin Surges By Over 21%</a>
Photo Generated Using Midjourney
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Economics

Federal Reserve

Markets

Stock Market Presents Buying Opportunity As 'Inflation Is Going To Cool Pretty Dramatically,' Says Fundstrat's Tom Lee

Earlier Reuters Reported Tesla Sold 62,167 China-made Vehicles In April, Down 18% YoY, Citing China Passenger Car Association

Baird analyst Andrew Wittmann initiates coverage on UL Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULS#NYSE">ULS</a>) with a Outperform rating and announces Price Target of $40.

Baird Initiates Coverage On UL Solutions with Outperform Rating, Announces Price Target of $40

The United States government is currently paying an unprecedented $2 million per minute in interest on its national debt, a figure that is expected to continue rising. This development has sparked a debate on Wall Street about the impact of higher interest rates on the economy.
What Happened: The U.S. Treasury shelled out a staggering $89 billion in interest expenses in March, equating to about $2 million per minute, <a href="https://www.bloomberg.com/news/articles/2024-05-06/at-2-million-per-minute-treasuries-mint-cash-like-never-before?srnd=homepage-americas&amp;sref=LspfQlRv">reported</a> Bloomberg. This trend is anticipated to persist as the government shows no signs of reining in its spending, and the Federal Reserve is not expected to reduce interest rates in the near future.
The government&#8217;s interest payments are projected to exceed $1 trillion this year, nearly double the amount paid before the Fed began aggressively raising interest rates, according to data from&nbsp;<a href="https://fred.stlouisfed.org/series/A091RC1Q027SBEA" target="_blank" rel="noreferrer noopener">the St. Louis Fed</a>. 
This surge in interest payments has coincided with a shift in the investment landscape, with the 10-year U.S. Treasury yield currently at around 4.50%, providing a stable return without the risk of capital loss.
This situation has led to some paradoxical thinking on Wall Street, with some arguing that higher interest rates have actually contributed to a more resilient consumer, thereby fueling inflation rather than curbing it.
See Also: <a href="https://www.benzinga.com/news/24/05/38613581/uber-and-lyft-drivers-future-hangs-in-balance-as-massachusetts-supreme-court-deliberates?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Uber And Lyft Drivers&#8217; Future Hangs In Balance As Massachusetts Supreme Court Deliberates</a>
JPMorgan&#8216;s Jack Manley recently suggested that to effectively lower inflation, the Fed should consider reducing interest rates, not raising them. This has sparked a debate about the potential consequences of the current interest rate environment, <a href="https://markets.businessinsider.com/news/bonds/us-government-interest-payments-soar-2-million-per-minute-rates-2024-5">according</a> to Business Insider.
&#8220;I think we&#8217;re in this funny, peculiar chicken-and-the-egg type situation where you&#8217;re not going to see meaningful downward pressure on inflation until you see meaningful downward pressure on shelter costs. And you&#8217;re not going to see meaningful downward pressure on shelter costs, until the Fed lowers interest rates,&#8221; Manley said.
Why It Matters: The U.S. national debt has been a topic of concern for several experts. Wharton professor Joao Gomes has warned that if Congress does not take immediate action, the <a href="https://www.benzinga.com/news/24/04/38104382/serious-debate-needed-to-avert-2025-us-debt-crisis-warns-wharton-expert">U.S. could face a debt crisis</a> by 2025.
The U.S. national debt has been <a href="https://www.benzinga.com/general/24/03/37851477/u-s-national-debt-has-increased-by-nearly-8-5-billion-per-day-over-the-past-year">escalating at a staggering pace</a>, increasing by nearly $8.5 billion per day over the past year. This has raised concerns about the nation&#8217;s economic stability.
Even IMF deputy chief Gita Gopinath has emphasized the urgency of <a href="https://www.benzinga.com/general/macro-notification/24/04/38337484/is-the-us-national-debt-unsustainable-we-cant-have-a-deficit-of-7-of-the-gdp">reducing the federal deficit</a> from its current 7% of GDP, warning that the U.S. cannot sustain such a large deficit.
These warnings have been <a href="https://www.benzinga.com/news/24/05/38628113/elon-musk-issues-stark-warning-amid-rising-national-debt-the-dollar-will-be-worth-nothing">echoed by prominent figures</a> like Tesla Inc. CEO Elon Musk, who has expressed concern about the future of the U.S. dollar amid the escalating national debt.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38624536/federal-reserve-dismisses-rate-hike-fears-labor-market-cools-apple-lures-investors-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Federal Reserve Dismisses Rate Hike Fears, Labor Market Cools, Apple Lures Investors With Record-Breaking Buyback: This Week In The Market</a>
Image Via Shutterstock 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Global

US Pays $2M Interest Per Minute On National Debt: 'Funny, Peculiar Chicken-And-The-Egg Type Situation'

Hermitage Capital Management CEO, Bill Browder, proposed a potential solution to the ongoing Ukraine-Russia conflict. Browder suggested that the war could be halted by allocating the $300 billion in frozen Russian central bank assets to Ukraine.
What Happened: In a recent discussion with CNBC&#8217;s &#8220;Last Call&#8221; host, Brian Sullivan, Browder emphasized that Russia would emerge victorious if Ukraine exhausts its resources. 
&#8220;At the end of the day, this is a war of resources. If Ukraine runs out of resources, Russia wins. One way to stop Ukraine from running out of resources is to give them the $300 billion that was frozen of Russian central bank assets,&#8221; he said.
He dismissed fears of nuclear threats from Russian leader Vladimir Putin in response to the confiscation of Russian foreign assets. Browder argued that the world has been &#8220;appeasing him by running scared&#8221; every time Putin mentions nuclear warfare. 
He firmly stated, &#8220;I don&#8217;t believe there is any chance he is going to start a nuclear war if we confiscate his money.&#8221;
&#8220;Of course, we know it makes him very mad, we know that the Ukrainians need that money but we should absolutely not give in to this ridiculous nuclear blackmail.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/05/38628346/chief-of-staff-in-trump-aides-inner-circle-pleads-guilty-to-1b-fraud-scheme?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chief Of Staff In Trump Aide&#8217;s Inner Circle Pleads Guilty To $1B Fraud Scheme</a>
Why It Matters: Browder&#8217;s proposal echoes earlier sentiments expressed by <a href="https://www.benzinga.com/news/24/03/37421177/russias-frozen-assets-should-be-used-to-arm-ukraine-says-european-commission-president">European Commission President Ursula von der Leyen</a> and <a href="https://www.benzinga.com/news/24/02/37305212/uk-pm-backs-plan-to-divert-billions-from-frozen-russian-assets-to-aid-ukraine-we-must-be-bolder-with">U.K. Prime Minister Rishi Sunak</a>. Both leaders have previously advocated for the use of Russia&#8217;s frozen assets to aid Ukraine, especially as Western financial aid to Ukraine has been dwindling. 
However, this proposal has been met with <a href="https://www.benzinga.com/news/24/04/38376263/russia-threatens-retaliation-over-potential-seizure-of-frozen-assets-to-aid-ukraine">threats of retaliation from Russia</a>, as reported by Valentina Matviyenko, the speaker of the Russian upper house of parliament. Despite these threats, Browder insists that the world should not succumb to &#8220;this ridiculous nuclear blackmail.&#8221;
Read Next: <a href="https://www.benzinga.com/news/24/05/38635052/house-minority-leader-hakeem-jeffries-warns-of-dire-consequences-for-womens-reproductive-rights-if-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">House Minority Leader Hakeem Jeffries Warns Of Dire Consequences For Women&#8217;s Reproductive Rights If Trump</a>
Image via Shutterstock
<div style="font-family: 'Lato', sans-serif">
<div>
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>
</div>

Politics

General

Hermitage Capital CEO Urges Use Of $300B Frozen Russian Assets To Stop Ukraine War: 'Don't Believe There's Any Chance He Is Going To Start A Nuclear War If We Confiscate His Money'

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), the meme cryptocurrency proclaimed as the ‘Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) Killer,' saw a drastic decline in its burn rate in the last 24 hours, slowing down the rate at which tokens are pushed out of circulation.
What happened: In an X post on Tuesday, Shiba Inu's official burn tracker, Shibburn reported the burning of 12.47 million coins in the 24-hour timeframe, marking a drastic 84% drop.&nbsp;&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> Price: $0.00002366 (1hr -0.08% ▼ &#x7C; 24hr -4.78% ▼ ) Market Cap: $13,925,352,580 (-4.91% ▼) Total Supply: 589,273,754,870,776 TOKENS BURNT Past 24Hrs: 12,473,704 (-84.72% ▼) Past 7 Days: 132,749,094 (28.27% ▲)
&mdash; Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1787739192035840087?ref_src=twsrc%5Etfw">May 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The decline reversed the upward trend of the previous seven days when more than 132 million tokens were burned at an impressive weekly growth rate of 28.27%.
A big factor behind the burn rate dip was low activity on the project's layer-2 blockchain, Shibarium. The number of transactions on the network plunged following an exponential increase in mid-April, <a href="https://www.shibariumscan.io/stats">according</a> to Shibarium Explorer.&nbsp;
Even the much-publicized hard fork failed to jack up transaction numbers.&nbsp;
Why it matters: Coin burning has become one of the most keenly-watched events in the cryptocurrency space. Most projects look for ways to remove tokens from circulation to apply deflationary pressure to the asset. 
As far as SHIB is concerned, a small portion of the fees is burned every time a transaction is made on the network. Shibarium, with its growing popularity and utility, is a vital cog in SHIB's deflationary ambitions.&nbsp;
Price action: SHIB was trading at $0.00002381 at the time of publication, falling nearly 5% in the last 24 hours, according to data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>. Trading volume jumped 70% to $602 million.
Read Next:<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38661166/bitcoin-ethereum-dogecoin-dip-after-robinhood-gets-wells-notice-from-sec-analyst-says-eths"> Bitcoin, Ethereum, Dogecoin Dip After Robinhood Gets Wells Notice From SEC — Analyst Says ETHs Weak Fundamentals A &#8216;Roadblock&#8217; For King Crypto</a>
Photo by Dennis Diatel on Shutterstock

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

Cryptocurrency

$DOGE

$SHIB

'Dogecoin Killer' Shiba Inu's Burn Rate Dips 84% Amid Sluggish Shibarium Transactions

Tesla and SpaceX CEO Elon Musk has expressed dissatisfaction with the Met Gala 2024. 
What Happened: On Monday, the tech billionaire took to X, formerly Twitter, and suggested that the event needs to do something different.&nbsp;
Despite the event&#8217;s &#8220;The Garden of Time&#8221; dress code for this year, Musk believes that the Met Gala should consider a new approach.&nbsp;&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Met Gala needs to do something refreshing
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1787600331322638472?ref_src=twsrc%5Etfw">May 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/entertainment/24/04/38508967/not-only-mark-zuckerberg-elon-musk-too-is-enamored-by-taylor-swift-tesla-ceo-lauds-pop-sens">Not Only Mark Zuckerberg, Elon Musk Too Is Enamored By Taylor Swift — Tesla CEO Lauds Pop Sensation For Creating History By Occupying All 14 Spots Of Hot100</a>
One person commented on his post, suggesting a &#8220;Cyberpunk-themed gala,&#8221; to which Musk did not respond.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I would dig a really classy, crystalline cyberpunk theme for sure!
&mdash; Melissa Merencillo (@seeMOUSErun) <a href="https://twitter.com/seeMOUSErun/status/1787628619071893988?ref_src=twsrc%5Etfw">May 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The Met Gala is a prestigious annual fundraising event for the benefit of the Metropolitan Museum of Art&#8217;s Costume Institute in Manhattan. It is known for its extravagant fashion and celebrity attendance.
In a separate post, Musk&#8217;s mother, Maye Musk, posted pictures from the 2016 and 2022 Meta Gala, expressing her fond memories and wishing everyone a fun night.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Happy 1st Monday in May. Tonight is the Met Gala &#x1f929;&#x1f929; <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> and I won't be there but here are my memories from 2016 and 2022. Hope everyone has fun tonight. Follow the fashion on <a href="https://twitter.com/voguemagazine?ref_src=twsrc%5Etfw">@voguemagazine</a> <a href="https://twitter.com/XFashion?ref_src=twsrc%5Etfw">@XFashion</a> <a href="https://twitter.com/hashtag/AWomanMakesAPlan?src=hash&amp;ref_src=twsrc%5Etfw">#AWomanMakesAPlan</a> &#x1f4d6; Advice for a Lifetime of Adventure, Beauty, and… <a href="https://t.co/wt6QEgGj1X">pic.twitter.com/wt6QEgGj1X</a>
&mdash; Maye Musk (@mayemusk) <a href="https://twitter.com/mayemusk/status/1787540727896871006?ref_src=twsrc%5Etfw">May 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In 2016, when the theme was &#8220;Manus x Machina,&#8221; she shared the red carpet with her son. The 2022 Met Gala also saw <a href="https://www.benzinga.com/general/entertainment/22/05/26980550/elon-musk-brings-mom-as-date-to-met-gala">Maye Musk as Musk&#8217;s date</a>, as he didn&#8217;t have a significant other to take to the event.&nbsp;
Musk also attended the 2018 and 2021 Met Gala. In 2018, when the theme was &#8220;Heavenly Bodies,&#8221; the tech mogul introduced singer Grimes as his girlfriend. The duo also attended the 2021 Meta Gala together, but only Grimes walked the red carpet.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/03/37500497/elon-musks-x-in-hot-water-faces-255m-copyright-lawsuit-over-taylor-swift-beyonc-songs">Elon Musk&#8217;s X In Hot Water, Faces $255M Copyright Lawsuit Over Taylor Swift, Beyoncé Songs</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via photos on Shutterstock

Entertainment

Elon Musk Feels Met Gala 'Needs To Do Something Refreshing' Even As His Mom Fondly Shares Memories From Past Alongside Tesla CEO

&nbsp;Braemar Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHR#NYSE">BHR</a>) (&quot;Braemar&quot; or the &quot;Company&quot;), reflecting its commitment to creating long-term value for shareholders, today announced notable capital market activities and strategic updates, including:
<ul>
<li>The sale of Hilton Torrey Pines for&nbsp;$165 million, while evaluating the sale of two other hotels,</li>
<li>The repayment of its remaining 2024 debt maturities,</li>
<li>A&nbsp;$50 million&nbsp;preferred share redemption program, and</li>
<li>A&nbsp;$50 million&nbsp;common share buyback authorization</li>
</ul>

Buybacks

Reported Earlier, Braemar Hotels & Resorts Unveils Comprehensive Shareholder Value Plan: $165M Hotel Sale, Debt Repayment, And $50M Share Buybacks Authorization

The stock market may face significant volatility if the 2024 Presidential election results are not swiftly determined, Goldman Sachs has cautioned.
What Happened: The investment bank issued a note on Friday, highlighting the potential risk of a prolonged election outcome, <a href="https://markets.businessinsider.com/news/stocks/stock-market-volatility-risk-impact-presidential-election-trump-biden-winner-2024-5">reported</a> Business Insider. The note pointed out that the closeness of the race between President Joe Biden and former President Donald Trump could lead to a prolonged period of uncertainty, impacting the stock market.
The bank also noted that the candidates&#8217; differing economic and fiscal policies could result in varying investment strategies across Wall Street. If the election outcome remains uncertain after the Nov. 5 election date, this could lead to a surge in market volatility as investors wait to determine which stocks to invest in.
&#8220;In 23 states — including the swing states of Arizona, Michigan, and Pennsylvania — provisions exist for automatic or mandatory recounts if the margin between the top two candidates is within certain parameters, typically 0.5%,&#8221; Goldman Sachs&#8217; strategist David Kostin explained.
Meanwhile, in 41 states, a losing candidate can request a recount if they believe they were harmed due to fraud or errors in vote counting.
Considering the similarities to the 2020 election with the same candidates and tight polls, it&#8217;s reasonable to expect that the winner of the upcoming election won&#8217;t be decided on election night but rather through a prolonged process.
This presents a significant risk for investors. According to Goldman Sachs, the timing of the election outcome, rather than the actual winner, is the crucial factor to watch.
See Also: <a href="https://www.benzinga.com/news/24/05/38631050/once-vehicles-for-republican-presidents-to-connect-with-southern-whites-motor-sports-are-shifting-aw?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Once Vehicles For Republican Presidents To Connect With Southern Whites, Motor Sports Are Shifting Away From Trump</a>
Why It Matters: This warning from Goldman Sachs aligns with previous predictions about the <a href="https://www.benzinga.com/markets/equities/24/03/37863401/ubs-predicts-stock-market-turbulence-ahead-of-biden-vs-trump-election">impact of the 2024 presidential election on the stock market</a>. UBS had also forecasted significant market implications due to the stark policy differences between the two candidates, suggesting that the next eight months leading up to the election could be disruptive for investors.
Moreover, the potential for a drawn-out election could further exacerbate the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38590992/sell-in-may-and-go-away-does-the-trading-strategy-hold-up-in-election-years">traditionally volatile period</a> in the stock market. As we enter May, the old Wall Street adage &#8220;sell in May and go away&#8221; is finding its way back into the conversations of traders and investors. The strategy suggests that the stock market tends to underperform from May through October compared to the November through April period.
On the other hand, the election year could also present <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/23/12/36416440/why-buy-stocks-in-a-presidential-election-year-history-has-a-crazy-stat-for-you">opportunities for investors</a>. History shows that presidential election years have historically been positive for the stock market, with the S&amp;P 500 gaining an average of 6.5% during these years.
Additionally, the election is expected to have a <a href="https://www.benzinga.com/general/politics/24/04/38515952/us-presidential-election-impact-on-ipo-market-timing">significant impact on the IPO market</a>. The resurgence of initial public offerings is expected to experience a brief slowdown around the election, with some IPOs being pushed to late 2024 or even into 2025.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/05/38612883/how-to-earn-500-a-month-from-nvidia-stock-ahead-of-q1-earnings-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock Ahead Of Q1 Earnings Report</a>
Image Generated With AI Via MidJourney 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Goldman Sachs Warns Of Market Volatility Amid Uncertain 2024 Election Outcome Between Biden And Trump

The notes will be issued at an issue price of 103.00%.
The offering is expected to close on May 17, 2024.
The issuers intend to use the net proceeds from the offering of the notes for general corporate purposes, which may include funding a portion of the cash consideration payable in connection with the Company&#39;s previously announced merger with Windstream.

UNIT

Reported Earlier, Uniti Group Prices $300M 10.50% Senior Secured Notes Due 2028

Reported Earlier, Sun Life And UKG Partner To Automate And Simplify Absence Management For Employers

Macro Economic Events

Econ #s

S&P Global / CIPS U.K. Construction Purchasing Managers Index For April 53.0 Vs. 50.4 Est.; 50.2 Prior

Warren Buffett-backed Chinese EV maker&nbsp;BYD Co&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>),&nbsp;is preparing for the global debut of&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38352429/warren-buffett-backed-byd-names-cybertruck-challenger-shark-with-plug-in-hybrid-system-for-extra-bit" rel="noreferrer noopener">its first pickup truck</a>, the BYD Shark, in Mexico on May 14.
What Happened: As reported by&nbsp;<a target="_blank" href="https://cnevpost.com/2024/05/07/byd-shark-pickup-to-debut-mexico-may-14/" rel="noreferrer noopener">CnEVPost</a>, the BYD Shark is BYD&#8217;s first new model to debut overseas in recent years. The company announced the launch on Weibo.
The decision to launch the BYD Shark in Mexico indicates the company&#8217;s focus on foreign markets, as pickup trucks in China are classified as light vans and face numerous restrictions compared to regular passenger cars.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-chinese-stocks" rel="noreferrer noopener">5 Best Chinese Stocks Right Now</a>
With its larger size compared to the&nbsp;Toyota Hilux, the BYD Shark is built on BYD&#8217;s DMO platform, introduced when the company launched the&nbsp;Fang Cheng Bao&nbsp;sub-brand for the off-road market in August 2023.
BYD&#8217;s move mirrors the actions of&nbsp;other&nbsp;local automakers like&nbsp;Geely, which launched its first model, the RD6 electric pickup truck, under the Radar brand in July 2022.
Why It Matters: BYD last month revealed the name of its electric pickup truck, a potential challenger to Tesla&#8217;s Cybertruck, and said it would come equipped with a plug-in hybrid system.&nbsp;
BYD&#8217;s move into the pickup truck market is part of a broader strategy to diversify its product offering.&nbsp;This&nbsp;was evident when&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38422754/warren-buffet-backed-byd-takes-on-luxury-ev-market-with-new-premium-sedan-posing-direct-challenge-fo" rel="noreferrer noopener">BYD unveiled</a>&nbsp;its premium brand&#8217;s first sedan at the Beijing auto show, directly challenging luxury automakers like Mercedes-Benz.&nbsp;
A leading U.S. manufacturing lobby group has issued a stark warning, describing the entry of Chinese EV makers into the American market as a potential &#8220;<a target="_blank" href="https://www.benzinga.com/government/24/02/37313622/chinese-ev-entry-could-trigger-extinction-level-event-for-us-auto-industry-report-warns" rel="noreferrer noopener">extinction-level event</a>&#8221; for the U.S. auto sector. Despite tariffs preventing Chinese automakers from entering U.S. roads thus far, the lobby group has raised alarms about Chinese firms&#8217; investments in plants in nearby Mexico, which could facilitate&nbsp;easier&nbsp;access to the U.S. market.
Read Next: <a href="https://www.benzinga.com/news/24/05/38661398/tesla-semi-scores-another-s-p-500-name-after-pepsi-and-walmart-video-shows-big-box-retailer-using-ev" target="_blank" rel="noreferrer noopener">Tesla Semi Scores Another S&amp;P 500 Name After Pepsi And Walmart?</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Ramakrishnan M</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Asia

Media

BYDDF

BYDDY

Warren Buffett-Backed BYD's Cybertruck Rival To Make Global Debut Right Next Door To US Next Week

Kevin Nystrom Appointed Interim Chief Executive Officer 
Mark Schwabero Appointed Vice Chairman of the Board
Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Kevin Nystrom, a partner and managing director at AlixPartners LLP, has been appointed interim CEO, effective immediately. The company has previously disclosed its ongoing engagement with AlixPartners for various consulting services, including cost reduction and financial advisory.
Mr. Nystrom succeeds Avi Avula, who resigned from his position as President and Chief Executive Officer. Methode&#39;s Board of Directors, with the assistance of executive search firm Spencer Stuart, has initiated a search to identify a permanent CEO

Management

Reported Earlier, Methode Electronics Appoints Kevin Nystrom As Interim CEO, Effective Immediately

Crescent Point has agreed to sell certain non-core properties in&nbsp;Saskatchewan, including Flat Lake and Battrum, to Saturn for&nbsp;$600 million&nbsp;in cash. Production from the Assets was expected to be 13,500 boe/d (95%&nbsp;oil and liquids) over the next 12 months, generating&nbsp;$210 million&nbsp;of net operating income at current strip commodity prices. The Company had allocated minimal development capital expenditures to the Assets for the remainder of 2024.

Reported Earlier, Crescent Point Energy Sells Its Certain Non-Core Assets In Saskatchewan For $600M

Intellipharmaceutics International reports FY 2022 and Q1 2023 results

Intellipharmaceutics International GAAP EPS of $0.00, revenue of $480.21M

Intellipharmaceutics International GAAP EPS of -$0.06

Intellipharmaceutics receives conditional approval to list on the TSX Venture Exchange

Earnings

Small Cap

Press Releases

Intellipharmaceutics Announces Fiscal Year 2022 and First Quarter 2023 Results

Intellipharmaceutics Announces Second Quarter 2023 Results

Opinion

Thinking about buying stock in Wavedancer, Evgo Inc, Symbotic, Powell Industries, or Intellipharmaceutics International?

Intellipharmaceutics Reports Director Election Results

Intellipharmaceutics Announces Third Quarter 2023 Results

Legal

Intellipharmaceutics International Inc. Receives Conditional Approval to List on the TSX Venture Exchange

Intellipharmaceutics International Inc. Announces Stock Option Grant

Intellipharmaceutics Announces Its Expected Delay in Filing Annual Audited Financial Statements and Annual Information Form

Intellipharmaceutics Announces Cease Trade Order

Intellipharmaceutics International Inc. Announces Transfer of Listing to NEX and New Stock Option Plan