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NewRiver REIT PLC is a real estate investment trust that invests in, manages, and develops retail and leisure properties. The company's property portfolio comprises shopping centers, retail warehouses, and pubs across the United Kingdom. The retail properties contribute a substantial amount to the total revenue, and these are largely located in Yorkshire and Humberside, London, Northeast and Southeast England, Scotland, and Wales. The company generates a majority of its revenue from leasing properties to tenants, which include discount retailers, fashion and accessory stores, groceries, homeware and furniture stores, and dining venues among others.

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NewRiver REIT PLC

Howard Lutnick, chief executive officer of Cantor Fitzgerald &#8211; which has about $3.53 billion in holdings &#8211; has been named as the co-chair of President-elect Donald Trump&#8216;s transition team. Lutnick will lead the U.S. Department of Commerce.
Top Holdings Of Lutnick&#8217;s Firm: According <a href="https://www.sec.gov/Archives/edgar/data/1024896/000092963824003880/0000929638-24-003880-index.html">to</a> Cantor Fitzgerald&#8217;s third-quarter 13F filings, top holdings of the firm include SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), GCM Grosvenor Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCMG#NASDAQ">GCMG</a>), and Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>).
In the September quarter, Lutnick&#8217;s financial services firm purchased about 1.17 million shares of Tesla with 1.74 million put options in Q3. It bumped up its call options by 4,967% to 152,000 shares from the <a href="https://13f.info/13f/000092963824003880/compare/000092963824002803">quarter-ended in July</a>. The total value of the fund&#8217;s exposure to Tesla stood at $804 million in Q3.
Cantor Fitzgerald also increased its position in Nvidia by 7,015%, <a href="https://13f.info/13f/000092963824003880/compare/000092963824002803">compared to the second quarter</a>, with a total holding of 3.56 million shares in Q3. It increased Nvidia puts in Q3 by 1,268% to 5.46 million shares and Nvidia call options by 3,213% to 778,600 shares. The total exposure to Nvidia in value terms stood at $1.192 billion.
The fund had 1.23 million of put options and 600,000 call options on SPDR S&amp;P 500 ETF TR representing a total value of $1.05 billion in Q3. GCM Grosvenor and Rumble reflected 2.1% and 1.2% of the fund&#8217;s total holdings, valued at $73.03 million and $42.04 million, respectively.
See Also: <a href="https://www.benzinga.com/news/treasuries/24/11/42157400/economist-peter-schiff-criticizes-trumps-treasury-pick-scott-bessent-says-he-will-have-to-find-buyers-for-trillions-in-new-debt-each-year-his-job-is-to-continue-the-ponzi">Economist Peter Schiff Criticizes Trump&#8217;s Treasury Pick, Scott Bessent, Says He Will Have To Find Buyers For Trillions In New Debt Each Year</a>
Why It Matters: Lutnick was also considered as a top pick for the Secretary of Treasury along with Scott Bessent. Tesla CEO and Trump&#8217;s Department of Government Efficiency (DOGE) co-lead Elon Musk <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">rallied for Lutnick</a> in a post on his social media platform, X, calling on others to weigh in on the appointment.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Would be interesting to hear more people weigh in on this for <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> to consider feedback. My view fwiw is that Bessent is a business-as-usual choice, whereas <a href="https://twitter.com/howardlutnick?ref_src=twsrc%5Etfw">@howardlutnick</a> will actually enact change. Business-as-usual is driving America bankrupt, so we need change… <a href="https://t.co/igGLZOJ8wz">https://t.co/igGLZOJ8wz</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1857819784865362211?ref_src=twsrc%5Etfw">November 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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However, Bessent was appointed the Treasury Secretary. According to <a href="https://www.benzinga.com/government/regulations/24/11/41909846/trumps-treasury-pick-frontrunner-scott-bessent-could-shift-wall-street-crypto" target="_blank" rel="noreferrer noopener">betting markets</a>, Bessent was a frontrunner with an 82% probability of securing the nomination.
The third-quarter 13F filing from Bessent's Key Square Group fund shows that they have liquidated all their holding in the September quarter.
In the <a href="https://13f.info/13f/000117266124003417-key-square-capital-management-llc-q2-2024" target="_blank" rel="noreferrer noopener">second quarter</a>, the fund had a highly concentrated portfolio, with equal investments in two banking-focused ETFs: the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) and the SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>), each making up 50% of the fund.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/11/42150794/trump-picks-hedge-fund-exec-scott-bessent-as-treasury-secretary-what-president-elects-choice-means-for-americas-economic-future" target="_blank" rel="noreferrer noopener">Trump Picks Hedge Fund Exec Scott Bessent As Treasury Secretary: What President-Elect's Choice Means For America's Economic Future</a></li>
</ul>
Photo courtesy: Cantor Fitzgerald

News

Politics

Markets

GCMG

NVDA

TSLA

Trump's Commerce Secretary Pick Howard Lutnick's Fund Owns $1.19B In Nvidia, $804M In Tesla: Here Is A Look At His Portfolio

Elon Musk&#8217;s Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is actively recruiting software engineers to enhance its teleoperation <a href="https://www.benzinga.com/topic/tesla-cybercab">capabilities for robotaxis</a> and <a href="https://www.benzinga.com/topic/tesla-optimus">the Optimus robot</a>.
What Happened: The initiative, spearheaded by Tesla AI's Teleoperation team, focuses on developing low-latency, reliable data streaming solutions for real-world applications.
According to Tesla&#8217;s career page, the company aims to provide remote access to its autonomous vehicles and humanoid robots.
The team is tasked with integrating hardware, firmware, and backend systems to create a sophisticated teleoperation system.
Remote operators will use advanced virtual reality rigs to perform complex tasks, bridging the gap between the physical and digital worlds so remote teleoperators can provide accurate guidance and intervene when necessary.
Engineers will collaborate with hardware teams to define requirements, make design choices, and implement software for the teleoperation system.
Applicants should have experience with C++, Python, 3D graphics, and game engines like Unreal. Familiarity with Windows and Linux environments, networking, and custom shaders is also required.
Tesla's teleoperation role offers a salary range of $120,000 to $318,000, including cash, stock awards, and benefits.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42131163/tesla-ceo-elon-musk-attempts-to-temper-down-expectations-of-30k-optimus-or-cybercab-soon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Tries To Lower Expectations Of $30K Optimus Or Cybercab</a>
Why It Matters: The recruitment drive comes at a time when&nbsp;<a href="https://www.benzinga.com/markets/equities/24/11/42029753/teslas-fsd-hits-a-milestone-with-95-mile-unassisted-drive-from-manhattan-to-connecticut-analyst-pierre-ferragu-says-robotaxi-never-felt-that-close-ever-before">Tesla&#8217;s Full Self-Driving (FSD) technology</a>&nbsp;has achieved a significant milestone. Analyst&nbsp;Pierre Ferragu&nbsp;recently highlighted a 95-mile unassisted drive from Manhattan to Connecticut, showcasing Tesla&#8217;s progress in autonomous driving.
Furthermore,&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">ARK Investment Management</a>&nbsp;has projected that Tesla&#8217;s robotaxi fleet could unlock a staggering $11 trillion revenue potential, surpassing current ride-hailing services like&nbsp;Uber Technologies Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;LYFT Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>). This potential revenue stream underscores the importance of Tesla&#8217;s teleoperation capabilities.
Additionally, Tesla&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/10/41376564/tesla-showcases-optimus-autonomous-navigation-charging-abilities-after-admitting-they-were-human-ass">Optimus robot</a>&nbsp;has demonstrated autonomous navigation and charging abilities, further emphasizing the company&#8217;s advancements in robotics. The robot can now navigate Tesla&#8217;s factory autonomously, avoiding obstacles and interacting with humans.
Price Action: Tesla stock closed 3.80% higher on Friday at $352.56. Year-to-date, it is up 41.92%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/24/11/42082169/elon-musk-predicts-tesla-cybertrucks-optimus-robots-will-be-aboard-spacex-starships-to-mars-in-2-years?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Predicts Tesla Cybertrucks, Optimus Robots Will Be Aboard SpaceX Starships To Mars In 2 Years</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tesla

Tech

LYFT

UBER

Elon Musk's Tesla Hunts Top Talent To Develop Software For Robotaxi, Optimus Robot Teleoperation

Donald Trump&#8216;s Treasury Secretary pick Scott Bessent&nbsp;envisions a significant &#8220;global economic reordering&#8221; and aims to play a role in this transformation.
What Happened:&nbsp;In his first interview since Trump made the announcement, Bessent outlined his policy priorities, focusing on fulfilling tax-cut promises made by&nbsp;Trump. These include making first-term tax reductions permanent and removing&nbsp;taxes on tips, social security benefits, and overtime pay, The Wall Street Journal <a href="https://www.wsj.com/economy/scott-bessent-sees-a-coming-global-economic-reordering-he-wants-to-be-part-of-it-533d6e71">reported</a>&nbsp;on Monday.
Additionally, Bessent, who will be replacing Janet Yellen after Trump&#8217;s induction, plans to implement tariffs and reduce government spending. He emphasized the importance of &#8220;maintaining&nbsp;the status of the dollar&nbsp;as the world's reserve currency.&#8221;
Bessent told WSJ that he believes the president-elect&#8217;s strategy&nbsp;to extend tax cuts and&nbsp;deregulate parts of the U.S.&nbsp;economy could lead to an &#8220;economic lollapalooza.&#8221;
He expressed his desire to contribute to this anticipated economic shift, stating, &#8220;We&nbsp;are going to have to&nbsp;have some kind of a&nbsp;grand global economic reordering.&#8221; Bessent argues he has studied these dynamics and is eager to be involved in shaping the future economic landscape.
See Also:&nbsp;<a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List</a>
Why It Matters: The appointment of&nbsp;Bessent&nbsp;as U.S. Treasury Secretary by the President-elect&nbsp;is a strategic move that has drawn significant attention. Bessent, founder of Key Square Group, was <a href="https://www.benzinga.com/government/regulations/24/11/42150805/trump-picks-hedge-fund-exec-scott-bessent-as-treasury-secretary-what-president-elects-choice-means-for-americas-economic-future">selected over other notable candidates l</a>ike former Fed Governor Kevin Warsh and private equity executive Marc Rowan. Trump praised Bessent as a leading international investor and strategist.
However, not everyone is optimistic about this choice. Economist&nbsp;Peter Schiff&nbsp;<a href="https://www.benzinga.com/news/treasuries/24/11/42157400/economist-peter-schiff-criticizes-trumps-treasury-pick-scott-bessent-says-he-will-have-to-find-buyers-for-trillions-in-new-debt-each-year-his-job-is-to-continue-the-ponzi">criticized the decision,</a> suggesting that Bessent&#8217;s role would involve managing substantial national debt. Schiff humorously referred to him as the &#8220;Secretary of the Debt&#8221; on social media, highlighting concerns about the financial implications of Trump&#8217;s tax cut promises. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/24/11/42154568/georgia-election-workers-demand-giuliani-be-held-in-civil-contempt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Georgia Election Workers Demand Giuliani Be Held In Civil Contempt</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Government

Economics

General

Trump's Treasury Secretary Pick Scott Bessent Says A 'Global Economic Reordering' Is On The Way, Argues President-Elect's Policies Will Lead To An 'Economic Lollapalooza'

A whale investor offloaded millions worth of Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) as the frog-themed cryptocurrency corrected sharply over the weekend.
What Happened: On-chain tracking platform&nbsp;Spot on Chain&nbsp;reported a massive sale of PEPE by a trader with huge cryptocurrency holdings. 
The trader, dubbed &#8220;super whale,&#8221; sold 74.07 billion PEPE, equivalent to $1.53 million, for 448.1 Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) on Sunday. In the last three days, they liquidated a total of 130.2 billion PEPE, amounting to $2.71 million, for 891 Ether.
Despite the massive sale, the whale still holds a staggering 3.241 trillion PEPE, valued at $64.1 million, with a profit of $68.3 million, marking a 12.6X return on investment.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This super <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> whale sold 74.07B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> ($1.53M) for 448.1 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> today as the price dropped. Over the last 3 days, the whale sold 130.2B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> ($2.71M) for 891 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, leaving 3.241T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> ($64.1M) with a $68.3M profit (12.6x). Meanwhile, this whale's still buying <a href="https://twitter.com/search?q=%24EIGEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$EIGEN</a>,… <a href="https://t.co/itSX3FjLq1">https://t.co/itSX3FjLq1</a> <a href="https://t.co/vN8p32FNvH">pic.twitter.com/vN8p32FNvH</a>
&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1860877829065572676?ref_src=twsrc%5Etfw">November 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42156858/dogecoin-foundation-pushes-back-against-tumps-speculated-crypto-tax-policy-favoring-us-companies">Dogecoin Foundation Shares Message Against Trump&#8217;s Tax Favoritism For US Crypto Firms</a>
Why It Matters: The sale comes amid a price drop in the third-largest meme coin by market capitalization. PEPE retraced as much as 7.7% since Saturday morning and 8.39% over the week. 
Large transactions by &#8216;whales&#8217; or wealthy traders can significantly impact the market, influencing retail to follow suit and causing price swings.
Interestingly, large transaction volume plunged by more than 50% in the last 24 hours, <a href="https://app.intotheblock.com/?end_offset=20">according </a>to IntoTheBlock. Moreover, the balances of long-term PEPE holders increased marginally by 0.3%.
The observations from the aforementioned indicators suggested a probable shift in trading strategy from selling to HODLing.
Price Action: At the time of writing, PEPE was trading at $0.00002038, up marginally by 0.80% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42157756/firm-led-by-trumps-commerce-secretary-pick-howard-lutnick-reportedly-in-talks-for-a-multi-billion-dollar-bitcoin-lending-project-with-tether">Trump&#8217;s Commerce Secretary Pick Howard Lutnick-Led Firm In Talks For A Bitcoin Lending Project With Tether: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Image via Shutterstock

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

Cryptocurrency

$ETH

$PEPE

Influential Whale Cashes Out $2.7M Worth Of PEPE As Frog-Themed Crypto Takes U-Turn

Needham analyst Joseph Stringer reiterates Lexicon Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) with a Hold.

Reiteration

Analyst Ratings

LXRX

Needham Reiterates Hold on Lexicon Pharmaceuticals

Needham analyst Quinn Bolton reiterates Cerence (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) with a Hold.

CRNC

Needham Reiterates Hold on Cerence

Sportradar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRAD#NASDAQ">SRAD</a>) today announced the launch of generative AI (gen AI) audio, a new feature within its ad:s multi-channel marketing service. The tool leverages the power of gen AI integrated with Sportradar's live data, to automate the creation of personalized, real-time audio adverts for sportsbook and casino operators across one of the fastest growing digital marketing channels globally.
Ad:s gen AI audio provides operators with a ready-to-use audio marketing solution, allowing them to generate creative content during key sporting and gaming moments to efficiently scale advertising efforts into podcast streaming services and internet radio networks. Sportradar's industry-leading technology automatically creates customised and dynamic adverts – featuring live-data to update odds, jackpots, and upcoming events— to increase brand awareness, uplift purchase intent and increase the likelihood of customer acquisition.
AI-generated audio adverts are the latest addition to Sportradar's comprehensive, industry-leading, end-to-end marketing services, driving brand awareness, acquisition and retention across channels including programmatic display, video, audio, digital-out-of-home (DOOH), paid social media, paid search, sponsorships and affiliate marketing.
Niki Beier, SVP Marketing Services, said: "Sports fans and bettors are increasingly consuming audio content, with listenership increasing by over 1000% in the past seven years1. To deliver maximum marketing efficiency, we're providing a sophisticated yet simple-to-use solution to sportsbook and casino operators. Through our gen AI technology, we're making it easy for clients to integrate audio adverts into their acquisition and branding campaigns, to reach more customers with real-time relevant audio messages, without the need for creative teams or a high production budget."

SRAD

Sportradar Launches Gen AI Audio Ads for Real-Time Sportsbook Marketing

Earnings

NIPG

NIP Group Reported H1 Revenue Of $39.34M Vs $38.56M YoY, EPS Loss Of $(1.04) Vs $(0.71) YoY

Macro Economic Events

Econ #s

Germany Ifo Business Climate Index For November 85.7 Vs. 86.1 Est.; 86.5 Prior

Germany Current Assessment For November 84.3 Vs. 85.4 Est.; 85.7 Prior

Germany Business Expectations For November 87.2 Vs. 87.0 Est.; 87.3 Prior

VivoPower International PLC (Nasdaq: "VVPR") (the "Company" or "VivoPower") is on track to file its Annual Report on Form 20-F for the fiscal year ending June 30, 2024, no later than November 29, 2024, in compliance with NASDAQ's filing requirements.
The delay in filing the Form 20-F has been primarily due to significant strategic changes, including the sale of the Aevitas critical power businesses, the business combination agreement involving Tembo e-LV B.V. and Cactus Acquisition Corp. 1 Ltd., and other previously announced updates. Additionally, the Company's management and auditors have been focussed on completing the audited accounts for Tembo e-LV B.V. ("Tembo"), a subsidiary of VivoPower, which are required to be included in the Registration Statement on Form F-4 to be filed in connection with Tembo's business combination with Cactus Acquisition Corp. 1 Ltd.
VivoPower anticipates filing the Form 20-F no later than November 29, 2024.
Upon filing the Form 20-F Annual Report, the Company will be able to proceed with its annual shareholder update call. Details of the call will be provided separately and will be available on the Company's website. VivoPower aims to release this information before Friday, December 6, 2024.

Regulations

VVPR

VivoPower Targets November 29 for Form 20-F Filing Amid Strategic Changes and Tembo Business Updates, Prepares for Shareholder Update Call in December

Edwards Lifesciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) today announced one-year data highlighting the continued outstanding performance of its SAPIEN 3 Ultra RESILIA valve. The data were presented at PCR London Valves 2024 and simultaneously published in the Journal of the American College of Cardiology (JACC): Cardiovascular Interventions.
An analysis of data from more than 9,000 propensity-matched patients in the STS/ACC TVT Registry1 demonstrated that those who received Edwards' newest generation SAPIEN 3 Ultra RESILIA valve experienced outstanding one-year outcomes that continuously surpassed recipients of the earlier generation SAPIEN 3 and SAPIEN 3 Ultra valves. Patients receiving the SAPIEN 3 Ultra RESILIA valve experienced extremely low mortality, low rates of reintervention, larger effective orifice areas, lower echo-derived gradients across all valve sizes and no paravalvular leak in 84.4% of cases.
"These strong, real-world data continue to demonstrate that patients treated with a SAPIEN valve experience excellent outcomes with rapid recovery and improved quality of life," said Larry Wood, Edwards' corporate vice president and group president, transcatheter aortic valve replacement and surgical structural heart. "These data add to the immense body of evidence with multiple years of follow up on the Edwards SAPIEN valve platform and more than 10 years of clinical experience with the RESILIA tissue."
Patients in the SAPIEN 3 Ultra RESILIA valve cohort, who had an average STS score of 3.6 and average age of 77, experienced meaningful quality of life benefits with a clinically significant average 31-point increase in KCCQ2 score and one-day length of hospital stay with 93% discharged to their homes.
"This is the first large-population study that showed the latest generation SAPIEN 3 Ultra RESILIA valve results in improved 1-year survival after TAVR versus prior generation valves, given it reduces mild or greater paravalvular leak," said Gilbert Tang, MD, MSc, MBA, Surgical and Academic Director of the Structural Heart Program for the Mount Sinai Health System and Professor and Vice-Chair of Innovation in Cardiovascular Surgery at the Icahn School of Medicine at Mount Sinai. "This finding particularly affected low surgical risk patients, where the impact would matter more because of their longer life expectancies."
Dr. Tang is a consultant for Edwards Lifesciences. 1 The STS/ACC TVT Registry is a collaboration between the Society of Thoracic Surgeons (STS) and the American College of Cardiology (ACC). 2 The Kansas City Cardiomyopathy Questionnaire (KCCQ) is a 23-item survey that measures the impact of heart failure on a patient's quality of life, symptoms, and physical function.

Edwards Lifesciences' SAPIEN 3 Ultra RESILIA Valve Shows One-Year Outcomes: Data Presented at PCR London Valves

Highlights for the Quarter Ended September 30, 2024
<ul>
<li>Transaction volume was 7,046 units for the three months ended September 30, 2024, an increase of 25.7% from 5,605 units in the last quarter and an increase of 81.4% from 3,884 units in the same period last year.</li>
<li>Retail transaction volume was 6,005 units, an increase of 46.8% from 4,090&nbsp;units in the last quarter and an increase of 162.6% from 2,287 units in the same period last year.</li>
</ul>

UXIN

Uxin Limited Reported Q2 Transaction Volume Of 7,046 Units, Up 81.4% YoY, Retail Transaction Volume Of 6,005 Units, Up By 162.6% YoY

Business Outlook
For the three months ending December 31, 2024, the Company expects its retail transaction volume to be within the range of 7,800 units to 8,100 units. The Company estimates that its total revenues including retail vehicle sales revenue, wholesale vehicle sales revenue and other revenue to be within the range of RMB560 million to RMB580 million. The Company expects its Non-GAAP adjusted EBITDA to be positive. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to changes.

Guidance

Uxin Limited Expects Q3 Revenue Of RMB560M-RMB580M, Positive Adj EBITDA

Uxin Q2 Sales $70.85M Up From $48.80M YoY

<h3>Companies Reporting Before The Bell</h3>
• Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $7.00 million. 
• BioLine Rx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLRX#NASDAQ">BLRX</a>) is expected to report quarterly loss at $0.10 per share on revenue of $4.12 million. 
• Uxin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) is estimated to report earnings for its second quarter. 
• Super Hi International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDL#NASDAQ">HDL</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $227.49 million. 
• Diana Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $68.00 million. 
• Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) is expected to report quarterly earnings at $0.47 per share on revenue of $1.58 billion. 
• Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) is expected to report quarterly loss at $0.16 per share on revenue of $5.95 million. 
<h3>Companies Reporting After The Bell</h3>
• BBB Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TBBB#NYSE">TBBB</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $776.51 million. 
• Agilent Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>) is estimated to report quarterly earnings at $1.40 per share on revenue of $1.67 billion. 
• Central Garden &amp; Pet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENTA#NASDAQ">CENTA</a>) is likely to report quarterly loss at $0.22 per share on revenue of $706.77 million. 
• Central Garden &amp; Pet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENT#NASDAQ">CENT</a>) is projected to report quarterly loss at $0.20 per share on revenue of $707.30 million. 
• LexinFintech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) is estimated to report earnings for its third quarter. 
• Hesai Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) is projected to report quarterly loss at $0.02 per share on revenue of $69.82 million. 
• Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $404.09 million. 
• Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $232.90 million. 
• Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $40.00 million. 
• Fluence Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $1.31 billion. 
• Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is expected to report quarterly earnings at $1.31 per share on revenue of $1.16 billion. 
• Woodward (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) is likely to report quarterly earnings at $1.25 per share on revenue of $812.95 million. 
• Blue Bird (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLBD#NASDAQ">BLBD</a>) is expected to report quarterly earnings at $0.67 per share on revenue of $324.70 million. 
• Grupo Supervielle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPV#NYSE">SUPV</a>) is estimated to report quarterly earnings at $0.20 per share on revenue of $199.08 million. 
• New Jersey Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NJR#NYSE">NJR</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $407.00 million. 
• Pennant Park Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $36.14 million. 
• PennantPark Floating Rate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFLT#NYSE">PFLT</a>) is projected to report quarterly earnings at $0.32 per share on revenue of $48.95 million. 
• Enanta Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTA#NASDAQ">ENTA</a>) is likely to report quarterly loss at $1.16 per share on revenue of $17.93 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALAR

BBWI

BLBD

BLRX

CENT

CENTA

CRGO

ENTA

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HSAI

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TBBB

Earnings Scheduled For November 25, 2024

President-elect Donald Trump&#8217;s pick for Commerce Secretary, Howard Lutnick, is in the process of forging a multi-billion dollar deal with Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>), the company behind the world&#8217;s largest stablecoin by market capitalization.
What happened: Cantor Fitzgerald, a financial services firm led by Lutnick, is planning to launch a program with Tether&#8217;s support that would lend dollars to clients who pledged Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as collateral, according <a href="https://www.bloomberg.com/news/articles/2024-11-24/lutnick-s-cantor-in-talks-with-tether-about-bitcoin-lending-program-usdt">to</a> a Bloomberg, citing sources familiar with the matter.
The funding for the program is expected to start at $2 billion, eventually running up to &#8220;tens of billions.&#8221;
Both Cantor and Tether didn&#8217;t immediately return <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request to confirm the report.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f602;&#x1f4af; <a href="https://t.co/PzkLsmVFz7">https://t.co/PzkLsmVFz7</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1860470986438545485?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42155055/crypto-analyst-bitcoin-poised-to-skyrocket-to-180k-and-eventually-top-1m">Crypto Analyst: Bitcoin Poised To Skyrocket To $180K and &#8216;Eventually&#8217; Top $1M</a>
Why It Matters: Cantor has been Tether&#8217;s Wall Street banker, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40423424/donald-trump-names-howard-lutnick-to-lead-transition-team-heres-what-it-means-for-crypto">acting as the custodian</a> of billions of dollars of U.S. Treasuries that back the USDT stablecoin.
In the past, Lutnick praised Tether, stating that the company had sufficient reserves.
&#8220;I manage many, many of their assets. From what we've seen, and we did a lot of work, they have the money,&#8221; he <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36647873/tether-has-the-money-says-billionaire-ceo-bitcoin-will-grow">said in an interview</a>.
Lutnick&#8217;s support and his elevation to a top cabinet post come amid controversy surrounding Tether, which has been accused of <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36644909/from-casinos-to-slaves-un-report-details-tethers-role-in-organized-crime">aiding criminal activities </a>like illegal gambling and money laundering.
A report last month also <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41555467/federal-probe-into-tether-examines-potential-sanctions-and-money-laundering-breaches-wsj">pointed toward a federal probe</a> into possible misuse of Tether&#8217;s stablecoin in illegal activities. Tether CEO&nbsp;Paolo Ardoino, however, denied being under any investigation.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42154900/crypto-expert-who-called-2022-market-crash-warns-about-bitcoin">Crypto Expert Who Called 2022 Market Crash Warns About Bitcoin</a></li>
</ul>
Photo courtesy: Shutterstock

$BTC

$USDT

Trump's Commerce Secretary Pick Howard Lutnick-Led Firm In Talks For A Bitcoin Lending Project With Tether: Report

Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) will release earnings results for its third quarter, after the <a href="https://www.benzinga.com/quote/ZM/earnings">closing bell on Monday, Nov. 25.</a>
Analysts expect the San Jose, California-based bank to report quarterly earnings at $1.31 per share, up from $1.29 per share in the year-ago period. Zoom Video projects to report revenue of $1.16 billion for the recent quarter, compared to $1.14 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Aug. 21, Zoom reported quarterly earnings of $1.39 per share which beat the analyst consensus estimate of $1.21 by 14.88%. Quarterly revenue of $1.16 billion also beat the consensus estimate and is a 2.09% increase from the same period last year.
Zoom Video shares gained 5.8% to close at $85.88 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/585aa876b5a482000151d0ed/catharine-trebnick">Rosenblatt analyst Catharine Trebnick</a> maintained a Buy rating with a price target of $78 on Nov. 22. This analyst has an accuracy rate of 73%.</li>
<li>Morgan Stanley analyst Meta Marshall maintained an Equal-Weight rating and raised the price target from $68 to $86 on Nov. 13. This analyst has an accuracy rate of 73%.</li>
<li><a href="https://www.benzinga.com/topic/daniel-ives">Wedbush analyst Daniel Ives</a> upgraded the stock from Neutral to Outperform and increased the price target from $80 to $85 on Oct. 17. This analyst has an accuracy rate of 79%.</li>
<li>Deutsche Bank analyst Matthew Niknam maintained a Hold rating and increased the price target from $71 to $75 on Aug. 23. This analyst has an accuracy rate of 64%.</li>
<li>Baird analyst William Power maintained an Outperform rating and cut the price target from $84 to $77 on Aug. 22. This analyst has an accuracy rate of 85%.</li>
</ul>
Considering buying ZM stock? Here&#8217;s what analysts think:
Read This Next:
<ul>
<li> <a href="https://www.benzinga.com/24/11/42137942/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin">Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin</a></li>
</ul>

Price Target

Trading Ideas

Zoom Video Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Elon Musk, Donald Trump&#8216;s pick to co-lead the Department of Government Efficiency (DOGE), has voiced strong criticism against the F-35 stealth fighter program, advocating for the use of drones over manned jets.
What Happened: On Sunday, Musk shared a video on his social media platform X, featuring synchronized drone swarms, and remarked, "Meanwhile, some idiots are still building manned fighter jets like the F-35.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Meanwhile, some idiots are still building manned fighter jets like the F-35 &#x1f5d1;&#xFE0F; &#x1fae0; <a href="https://t.co/4JX27qcxz1">pic.twitter.com/4JX27qcxz1</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1860574377013838033?ref_src=twsrc%5Etfw">November 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The Pentagon&#8217;s joint program office defended the F-35, highlighting its preference among U.S. Services and international partners. A spokesperson emphasized its effectiveness and growing global interest.&nbsp;Lockheed Martin&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), the main contractor, expressed its commitment to collaborating&nbsp;with the new administration and&nbsp;praised the F-35&#8217;s capabilities, Fortune<a href="https://fortune.com/2024/11/24/elon-musk-f35-stealth-fighter-drones-pentagon-weapons-doge-lockheed/"> reported</a> on Monday.
Despite Musk&#8217;s criticism, the Pentagon continues to operate&nbsp;a mix of manned and&nbsp;unmanned aircraft. The F-35 program, awarded to Lockheed in 2001, has faced scrutiny for cost overruns and delays. The Defense Department&#8217;s estimate for the program&#8217;s total cost is&nbsp;$1.8 trillion, making it the&nbsp;most expensive in its history.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42140065/with-musk-and-ramaswamy-preparing-to-slash-entire-government-agencies-heres-which-departments-employ-the-most-americans-and-their-salaries?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">With Musk And Ramaswamy Preparing To Slash Entire Government Agencies, Here&#8217;s Which Departments Employ The Most Americans And Their Salaries</a>
Why It Matters: Musk&#8217;s recent criticism aligns with his ongoing concerns <a href="https://www.benzinga.com/government/24/09/40868796/musk-criticizes-governments-fiscal-policy-says-extreme-government-overspending-is-bankrupting-americ">about government spending</a>. Back in September, Musk criticized the U.S. government&#8217;s fiscal policy, warning that &#8220;extreme government overspending is bankrupting America&#8221; and contributing to inflation. He expressed these concerns on X, highlighting the potential financial risks of unchecked spending.
President-elect Donald Trump appointed the Department of Government Efficiency (DOGE) to tackle wasteful spending. However, analysts like Mario Georgiou of InCred Global Wealth U.K. predict only a modest impact, estimating potential savings of $50–100 billion annually, according to the&nbsp;<a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures">Congressional Budget Office</a>. This figure pales in comparison to the total federal outlays of approximately $6.7 trillion projected for 2024.
Musk&#8217;s critique of the F-35 program is part of a broader conversation about fiscal responsibility and the need to reassess costly government programs. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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