Latest news for Japan Post Holdings (OTC:JPHLF) Stock

Japan Post Holdings Co Ltd operates as a holding company. The firm through its subsidiaries provides postal, banking, and insurance services in Japan. It is organized into five main reportable segments - Postal and Domestic Logistics, Post Office, International Logistics, Banking, and Life Insurance. The majority of its revenue is derived from the Life Insurance segment. In addition to serving as a holding company, the company operates a hotel and hospital businesses and also provides group shared services.

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Japanese e-commerce firm Rakuten Inc (OTC: RKUNF) (OTC: 

Rakuten Divests 8% Stake To Japan Post, Tencent, Walmart To Intensify Battle Against Amazon: Report

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EXCLUSIVE: La Rosa Holdings Tells Benzinga Co. To Offer Bitcoin And Cryptocurrency Payment Options To Its Real Estate Agents

Google-parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) has laid out its remedies proposal in the high-stakes <a href="https://www.benzinga.com/quote/GOOGL/news">search distribution case</a> with the Department of Justice (DOJ). 
JPMorgan analyst Doug Anmuth notes that Google's focus on non-exclusivity and increased flexibility aligns with its strategy to limit regulatory overreach. However, investors should also turn their attention to Google's operational strength, which could be a significant driver of long-term value.
<h2 class="wp-block-heading">Alphabet&#8217;s Remedies In DOJ Case</h2>
Google's proposal, filed on Dec. 20, sidesteps the harsher measures suggested by the DOJ, such as divestiture of Chrome or Android. Instead, the company's remedies focus on removing search exclusivity in browser and Android agreements and giving partners greater flexibility. 
This should allow partners like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and mobile carriers to preload multiple search engines. This shift could create opportunities for competitors, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), to vie for top spots.
Anmuth expects the judge's final decision in August 2025 to strike a balance between the DOJ and Google's proposals, likely considering user impacts. Still, the timing of remedy enforcement, appeals and potential injunctions adds uncertainty to financial implications.
Read Also: <a href="https://www.benzinga.com/24/12/42641018/google-faced-intense-scrutiny-post-chatgpt-leading-up-to-declaring-code-red-but-gemini-20-and-quantum-chip-gives-investors-renewed-confidence">Google Entered &#8216;Code Red&#8217; After ChatGPT Release, But Gemini 2.0 And Quantum Chip Give Investors &#8216;Renewed Confidence,&#8217; Says This Portfolio Manager</a>
<h2 class="wp-block-heading">&#8216;Tremendous Innovation In AI&#8217;, &#8216;New Buyback&#8217; Likely</h2>
While the legal battle unfolds, Alphabet's fundamentals remain robust. Anmuth emphasizes that Alphabet is demonstrating "tremendous innovation in AI," which continues to bolster healthy Search and overall ad revenue growth.
The company's ability to "durably re-engineer the cost base and expand margins" further strengthens its financial position. Moreover, Alphabet &#8220;will likely announce a new buyback authorization at 1Q earnings,&#8221; signaling confidence in future cash flows, says Anmuth.
<h2 class="wp-block-heading">Alphabet Among JPMorgan&#8217;s 2025 Top Picks</h2>
JPMorgan sees Alphabet as &#8220;one of our 2025 Top Picks&#8221;, alongside Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>). Anmuth projects a December 2025 price target of $232, supported by Alphabet's strong 30%+ operating income margin and double-digit percentage revenue growth. 
Beyond ads, Alphabet's non-ad businesses like Cloud and YouTube subscriptions hold significant growth potential. Meanwhile, ventures like Waymo and Verily offer optionality for future value.
<h2 class="wp-block-heading">The Road Ahead For Alphabet Stock Investors</h2>
Investor focus is shifting toward how a new administration could influence final remedies due in March 2025. A potential settlement or adjustments in Apple's search agreements could also sway outcomes. 
The court case may cast a shadow though Alphabet's core strengths are intact. Despite the regulatory noise, Alphabet stock remains a compelling play for investors seeking exposure to a leader in AI and digital transformation.
Read Next: 
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Alphabet Defends DOJ Case, 'New Buyback' Likely From This '2025 Top Pick'

On December 20, 2024, Superior Group of Companies, Inc. (the "Company") entered into a 10b5-1 trading plan (the "Plan") for the purpose of repurchasing up to $2,580,000.00 in shares of the Company's outstanding common stock (the "Repurchase Limit") in accordance with the previously-announced share repurchase program authorized by the Company's Board of Directors on August 9, 2024. The Plan is intended to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. The Plan allows the Company to repurchase shares up to the Repurchase Limit commencing December 20, 2024 and ending on the earlier of the date on which the Repurchase Limit is reached, March 13, 2025, or other events specified in the Plan. Repurchases of common stock under the Plan will be administered through an independent broker and are subject to certain price, market, volume and timing constraints specified in the Plan.

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Superior Group Announces Trading Plan For $2.58M Stock Buyback, Effective December 20 To March 13, 2025

WIIM

TRAW

Traws Pharma shares are trading higher after they announced progress in the development of Tivoxavir Marboxi.

Our plants around the world are regularly inspected by health authorities to ensure compliance with the various markets we serve. Following an inspection by the U.S. FDA at our oral finished dose manufacturing facility in Indore, India earlier this year, the Agency has issued a Warning Letter, and an Import Alert related to this facility.
The Import Alert affects 11 actively distributed products that will no longer be accepted into the U.S. until the Warning Letter is lifted. It makes exceptions, subject to certain conditions, for four products based on shortage concerns. There could be the potential for additional exceptions based on further discussions with the Agency.
Following the substance of FDA's original inspection observations, we immediately implemented a comprehensive remediation plan at the site. The necessary corrective and preventive actions are well underway, including but not limited to related personnel actions. Additionally, we have engaged independent third-party subject matter experts to support the remediation plan.
We have been in regular communication with FDA during this process and will continue to work to ensure that the Agency is satisfied with the steps we have taken to resolve all the points raised. Our response to the Warning Letter and Import Alert will be submitted within the required time periods.
At this time, we do not anticipate these actions impacting our current 2024 financial guidance ranges. We will incorporate&nbsp;potential future financial impact&nbsp;in our 2025 guidance ranges when we provide these in early 2025.
We take very seriously our continued and comprehensive oversight of our entire manufacturing network. Patient safety remains our primary and unwavering focus. We will work closely with our customers to mitigate any possible supply disruptions and meet the needs of the patients we serve.

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Viatris Issues Statement Regarding Receipt Of Warning Letter And Import Alert For Indore, India Facility; The Import Alert Affects 11 Actively Distributed Products That Will No Longer Be Accepted Into The U.S. Until The Warning Letter Is Lifted

Citigroup analyst Gabriel Barra reinstates Cosan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSAN#NYSE">CSAN</a>) with a Buy and announces $19 price target.

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Citigroup Reinstates Buy on Cosan, Announces $19 Price Target

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GIVLAARI Gains Nationwide Reimbursement In Canada For Treating Acute Hepatic Porphyria

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Playa Hotels & Resorts shares are trading higher after Hyatt Hotels disclosed it executed an exclusivity agreement to potentially acquire the company.

AILE

Trading Halt: Halt status updated at 8:25:00 AM ET: Quotation Resumption: News and Resumption Times

OMIC

Trading Halt: Halted at 8:25:00 a.m. ET - Trading Halt: Halt News Pending

Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>, LUNRW))) ("Intuitive Machines" or the "Company"), a space exploration, infrastructure, and services company, has secured additional contracts from NASA's Near Space Network ("NSN") for Direct-to-Earth ("DTE") services. These contracts further position Intuitive Machines as a vital partner in supporting NASA's missions to the Moon, and beyond.
DTE communication and navigation services are critical for enabling missions to exit Earth's orbit, reach lunar destinations, and explore deep space. The new contract awards include:
<ul>
<li>Subcategory 1.2: DTE Geostationary ("GEO") to Cislunar DTE Services, offering enhanced data transmission capabilities and autonomous operations.</li>
<li>Subcategory 1.3: xCislunar DTE Services, addressing mission needs for highly elliptical orbits and deep space operations.</li>
</ul>
Both contracts are firm-fixed-price, indefinite-delivery/indefinite-quantity task orders designed to bolster NASA's Lunar Exploration Ground Segment. These awards add capacity to alleviate demand on the Deep Space Network and support unique mission requirements.

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Intuitive Machines Has Secured Additional Contracts From Nasa's Near Space Network For Direct-to-Earth Services

Ocean Power Technologies, Inc. (NYSE:<a href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has finalized the main assembly of the previously announced PowerBuoy&#xAE; for Naval Postgraduate School. The full system, which includes installing AT&amp;T&#xAE; 5G technology and integrating advanced subsea sensors into a PowerBuoy&#xAE; equipped with OPT's latest Merrows&#x2122; suite for AI capable seamless integration of Maritime Domain Awareness (MDA) across platforms, is now being readied for shipment ready for deployment in early 2025 alongside the Technology Showcase NPS is hosting in January. Once deployed, the PowerBuoy&#xAE; will provide continuous, autonomous monitoring and data collection capabilities in one of the world's most strategically significant maritime environments. This is another step forward in executing the Company's robust strategic plan.

OPTT

Ocean Power Technologies Readies Shipment Of AI Capable Merrows PowerBuoy For Naval Postgraduate School

Meeting Minimum Bid Price And Stockholders' Equity Requirements; Common Stock To Continue Trading On Nasdaq Capital Market

ENSC

Ensysce Biosciences Regains Full Nasdaq Compliance

Canaccord Genuity analyst Austin Moeller maintains Vertical Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) with a Buy and maintains $16 price target.

EVTL

Canaccord Genuity Maintains Buy on Vertical Aerospace, Maintains $16 Price Target

WISA

WiSA Technologies Stockholders Approve Acquisition Of Data Vault Assets Valued At $266M-$501M; Deal Includes 40M Shares And $10M Note, Transforming Into Datavault Inc. With Blockchain, AI, And Web 3.0 Solutions Across Multiple Industries

New Fortress Energy shares are trading higher after Stifel maintained a Buy rating and raised its price target from $16 to $17.

iHeartMedia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IHRT#NASDAQ">IHRT</a>) ("iHeartMedia" or the "Company") today announced the successful completion of its previously announced comprehensive exchange transactions of iHeartCommunications, Inc.'s ("iHeartCommunications") outstanding 6.375% Senior Secured Notes due 2026 (the "2026 Secured Notes"), 5.25% Senior Secured Notes due 2027 (the "2027 Secured Notes"), 4.75% Senior Secured Notes due 2028 (the "2028 Secured Notes"), 8.375% Senior Notes due 2027 (the "Unsecured Notes") and senior secured term loans due 2026 (the "Existing Term Loans") (collectively, the "Existing Debt") for new 9.125% Senior Secured First Lien Notes due 2029, 7.750% Senior Secured First Lien Notes due 2030, 7.000% Senior Secured First Lien Notes due 2031, 10.875% Senior Secured Second Lien Notes due 2030 and senior secured first lien term loans due 2029, respectively, in each case issued by iHeartCommunications (collectively, the "Exchange Offers").
Approximately $4.8 billion (or 92.2%) of the aggregate principal amount of the Existing Debt participated in the Exchange Offers, which expired at 9:00 a.m., New York City time, on December 18, 2024 (the "Expiration Time").

IHRT

iHeartMedia Completes Debt Exchange Offers, Reduces Debt by $440M, Extends Maturities by 3 Years, $4.8B (92.2%) of Existing Debt Participated, Strengthens Capital Structure with New Senior Secured Notes and Loans Due 2029-2031

<a href="https://www.bloomberg.com/news/articles/2024-12-23/metlife-is-said-to-near-deal-to-buy-hk-tycoon-li-s-pinebridge?embedded-checkout=true" title="https://www.bloomberg.com/news/articles/2024-12-23/metlife-is-said-to-near-deal-to-buy-hk-tycoon-li-s-pinebridge?embedded-checkout=true">https://www.bloomberg.com/news/articles/2024-12-23/metlife-is-said-to-near-deal-to-buy-hk-tycoon-li-s-pinebridge?embedded-checkout=true</a>

MetLife Nearing $1.4B Deal To Acquire PineBridge Excluding China Assets; Announcement Expected Monday, Valuing $100B AUM Outside China At $1.3B-$1.4B

Sky Harbour Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKYH#NYSE">SKYH</a>, SKYH WS))) (&quot;SHG&quot; or the &quot;Company&quot;), an aviation infrastructure company building the first nationwide network of Home-Basing campuses for business aircraft, announced it has completed the second closing of its previously announced equity raise. The Company issued an additional 3,955,790 PIPE shares of its Class A Common Stock in connection with the exercise of all the rights to purchase additional shares provided to PIPE investors who participated in the first closing for net proceeds of approximately $37.6 million, at a sale price of $9.50 per share. Aggregate proceeds from both closings were approximately $75.2 million, representing the full capacity of the equity raise.

SKYH

Sky Harbour Completes Second Closing Of Equity Raise, Issuing 3.96M PIPE Shares At $9.50 Each For $37.6M; Total Proceeds From Both Closings Reach $75.2M

Elon Musk&#8217;s artificial intelligence company, xAI, is testing a standalone Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iOS app&nbsp;for its chatbot, Grok.
Grok was now available only to users of Musk-owned X (formerly Twitter Inc).
The app can access real-time data from the web and X and offers generative AI features like rewriting text&nbsp;and generating images&nbsp;<a target="_blank" href="https://apps.apple.com/au/app/grok/id6670324846" rel="noreferrer noopener">from text prompts</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/12/42613368/broadcom-expects-decade-long-ai-chip-boom-as-big-tech-invest-billions" rel="noreferrer noopener">Broadcom Expects Decade-Long AI Chip Boom as Big Tech Invest Billions</a>
xAI is also preparing a site, Grok.com, to make the chatbot accessible on the web, TechCrunch <a target="_blank" href="https://techcrunch.com/2024/12/22/xai-is-testing-a-standalone-ios-app-for-its-grok-chatbot/" rel="noreferrer noopener">reports</a>.
Grok was previously available only to X&#8217;s paying subscribers. In November, the company&nbsp;started testing a free chatbot version and rolled it out to&nbsp;all users earlier this month.
The company&#8217;s chatbot image generator model allows users to create images using pictures of public figures and copyrighted material.
xAI has reportedly reached a <a target="_blank" href="https://www.benzinga.com/startups/24/11/42235738/in-just-16-months-elon-musk-achieved-with-xai-what-took-openai-nearly-nine-years-to-accomplish" rel="noreferrer noopener">$50 billion valuation</a> just 16 months after its July 2023 founding, surpassing the billionaire&#8217;s spending on acquiring Twitter.
OpenAI, one of the most recognized names in artificial intelligence, took over nine years to reach its current valuation of $157 billion.
Reportedly, xAI is rapidly gaining momentum in the competitive AI market, now valued higher than rivals like Anthropic, worth $19 billion, and Perplexity, valued at $2.8 billion.
xAI achieved significant milestones by securing $5 billion in its latest funding round to acquire 100,000 Nvidia chips.
These chips will drive the Memphis supercomputer, a facility built to advance the company&#8217;s AI capabilities and bolster Tesla&#8217;s Full Self-Driving (FSD) technology.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42561240/salesforces-ai-powered-agentforce-20-spurs-analyst-upgrades-and-growth-optimism" target="_blank" rel="noreferrer noopener">Wall Street Analysts Are Bullish On Salesforce&#8217;s AI Vision &#8211; Here&#8217;s Why</a></li>
</ul>
Photo courtesy: Shutterstock

NVDA

Elon Musk's xAI To Expand With New Chatbot App

JAPAN POST HOLDINGS Co ( ($JPHLF) ) has released its Q2 earnings. Here is a breakdown of the information JAPAN POST HOLDINGS Co presented to its in...

Japan Post Holdings: Steady Growth Amidst Diversification

Japan Post Holdings

Japanese e-commerce firm&nbsp;Rakuten Inc&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rkunf#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">RKUNF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rkuny#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">RKUNY</a>) is divesting an 8.32% stake to postal and banking company&nbsp;Japan Post Holdings Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/jphlf#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">JPHLF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/jpphy#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">JPPHY</a>), expanding a logistics tie-up to counter peers like&nbsp;Amazon.Com Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/amzn#NASDAQ" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">AMZN</a>),&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/article/us-japan-post-rakuten/rakuten-to-sell-8-stake-to-japan-post-in-amazon-battle-idUSKBN2B40NZ" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Reuters reports</a>.

<ul>
	<li>Rakuten plunged to an operating loss in 2020 as it battled Amazon in e-commerce and took on Japan&rsquo;s cash-rich telecoms with its mobile network.</li>
	<li>Friday&rsquo;s deal made Japan Post Holdings the biggest shareholder in Rakuten outside the founding Mikitani family and is part of a $2.2-billion (242-billion-yen) share sale to companies including&nbsp;Tencent Holdings Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tcehy#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">TCEHY</a>) and&nbsp;Walmart Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/wmt#NYSE" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">WMT</a>).</li>
	<li>The proceeds would be utilized to fund expansions into AI, finance, and mobile. The alliance mainly focuses on e-commerce, followed by a partnership in mobile and other businesses, Bloomberg reports.</li>
	<li>Last year, the company scaled back plans to offer free shipping following regulatory scrutiny. Rakuten also expanded rapidly into wireless mobile to disrupt the industry.</li>
	<li>The company&rsquo;s wireless unit&rsquo;s loss nearly tripled to 227 billion yen in FY20 following network investments while offering free service to drive users.</li>
	<li>The arrangement united Rakuten&rsquo;s over 100 million members and Japan Post&rsquo;s last-mile access to every household and a network of 24,000 post offices. The postal group also operated a life insurance business and a bank with about 120 million savings accounts.</li>
	<li>The collaboration focused on creating joint logistics centers and delivery, pick-up systems, and data sharing. Post offices would form as sign-up counters for Rakuten&rsquo;s mobile service. They would also collaborate on cashless payments and insurance. Further details of the partnership would be revealed in April.</li>
	<li>Rakuten&rsquo;s relationship with Walmart dated back at least three years. It included collaboration on fresh produce delivery in Japan and an e-book operation in the U.S., unlike Tencent, which was still fresh.</li>
	<li>Rakuten and Japan Post stock rose in afternoon trade in Tokyo after the tie-up.</li>
	<li>Last year Rakuten acquired a 20% stake in Walmart&rsquo;s Japanese supermarket unit Seiyu. Rakuten&rsquo;s partnership with Seiyu dated back to 2018.</li>
	<li>Price action:&nbsp;RKUNF shares are trading up 5.24% at $11.04 on the last check Friday.</li>
</ul>

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