Nuveen Enhanced Yield U.S. Aggregate Bond ETF (ARCA: NUAG)

Latest news for Nuveen Enhanced Yield U.S. Aggregate Bond ETF (ARCA:NUAG)

Nuveen Enhanced Yield U.S. Aggregate Bond ETF

The Fund seeks to track the investment results of its Index. The Index is designed to broadly capture the U.S. investment grade fixed income market, as represented by the ICE BofA U.S. Broad Market Index (the Base Index). Unlike the Base Index, the Index does not weight component securities by market capitalization. Instead, the Index first assigns component securities from the Base Index into a variety of categories based upon asset class, sector, credit quality, duration and maturity. The Index then employs a rules-based methodology to allocate higher weights to categories with the potential for higher yields than the Base Index while seeking to maintain risk and credit quality at levels similar to those of the Base Index by limiting the amount of deviation between the two indices with respect to sector and category weights, tracking error, duration, and turnover. After the Index assigns a weight to each category (negative weights for a category are not permitted), individual component securities within each category are weighted based on their relative market capitalizations. The Base Index and Index are both rebalanced and reconstituted on a monthly basis. As of October 31, 2023, the Index was comprised of 11,476 securities..

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ESG ETF Arena Gets A Slew Of New Entrants

Elon Musk's past comments may have scared away advertisers from his X social media platform, which he bought for <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">$44 billion in 2022.</a>
A new report says two of the largest companies in the world could provide a boost to X's advertising revenue.
What Happened: Musk's<a href="https://www.benzinga.com/general/24/04/38240165/disney-took-a-break-from-x-during-the-companys-suspension-of-advertising-now-one-account-is-tweeting"> push for free speech</a> and changes to content moderation on X led to some advertisers exiting the platform completely or cutting down their level of spending.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is a current advertiser on X and is ramping up its spending on the platform, according to a <a href="https://www.wsj.com/business/media/amazon-raises-its-ad-spending-on-elon-musks-x-in-major-reversal-8a27228b">report </a>from the Wall Street Journal.
The e-commerce giant previously pulled a large portion of its advertising a year ago when concerns about hate speech on the platform were elevated.
The report said Amazon CEO Andy Jassy was involved in the decision to increase spending on the platform. While the report doesn't say that Amazon founder Jeff Bezos was part of the decision, the timing of the announced ad spending increase comes after Musk and Bezos have been part of several appearance together.
Both billionaires were present at President Donald Trump's inauguration and a once very public rivalry between the two appears to have been minimized due to Musk's political influence within the Trump administration.
Along with the news that Amazon is set to increase its spending on X, the report said Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is also considering testing ads on the platform. Apple previously pulled all of its ad spending on X in 2023.
Apple's X account has 9.7 million <a href="https://x.com/Apple">followers </a>and no posts. The account has been used for advertisements and sponsored posts in the past and caused confusion when the account went silent <a href="https://www.benzinga.com/news/22/11/29832912/apple-exec-deletes-twitter-account-tech-giant-clears-all-posts-whats-going-on">with no posts.</a>
Apple CEO Tim Cook was a <a href="https://www.benzinga.com/25/01/42801809/apple-ceo-tim-cook-reportedly-donates-1-million-to-trump-inauguration-joins-ranks-of-mark-zuckerberg-jeff-bezos-and-sam-altman">donor to the Trump inauguration</a>. Apple and Musk's SpaceX were recently part of a collaboration with T-Mobile iPhone users <a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature">getting access to </a>Starlink. &nbsp;&nbsp;
The moves by Amazon and Apple come as Musk is viewed as one of the top allies of Trump and he heads the Department of Government Efficiency, which is in charge of cutting government spending.
Are you buying when the CEOs of the Magnificent 7 are selling?
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<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
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Why It's Important: News of a potential windfall in additional advertising spending comes at an interesting time for X.
Investment banks including Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) who were part of the financing of the $44 billion buyout have been trying to sell off their debt, as <a href="https://www.benzinga.com/25/01/43204045/elon-musk-says-x-user-growth-is-stagnant-banks-who-financed-acquisition-selling-debt-at-10-discount">Benzinga recently reported</a>. Some banks were willing to sell the debt at 10% discounts.
Banks are looking to sell off $3 billion in loans, as reported by <a href="https://www.bloomberg.com/news/articles/2025-01-30/x-s-post-musk-financials-signal-recovery-in-2024-after-slide?sref=TBDibEcD">Bloomberg</a>.
News of the debt sales is providing a better look at the financials of X, which went private with Musk's purchase. The report said X had adjusted EBITDA of $1.2 billion in 2024. This includes having EBITDA of $400 million on $710 million in revenue in the fourth quarter.
The fourth quarter could have gotten a bump with record usage reported during the <a href="https://www.benzinga.com/news/24/11/41766191/elon-musk-says-x-saw-record-usage-on-election-day-as-trump-closes-in-on-white-house-win">2024 presidential election</a>, an event that likely saw increased advertising revenue.
The EBITDA figure is around flat from when Musk bought the company according to the report. One big difference noted is the $1.4 billion cash on the balance sheet in 2022 versus a cash balance of $400 million today.
Bloomberg reported that investors are becoming more interested in buying the debt that banks are trying to sell off as signs of Musk turning around X are becoming more prevalent. Also drawing interest is ownership stakes in xAI that were awarded to investors of the Twitter buyout.
The bank's debt was previously receiving offers of 60 to 65 cents on the dollar versus the 90 to 95 cents offered today. Banks have received interest payments on their debt, but many have held the debt longer than they do on loans due to lower valuations assigned to X after Musk took over.
Fidelity, which owns shares of X Holdings in the&nbsp;Fidelity Blue Chip Growth Fund&nbsp;(FBGRX),&nbsp;<a href="https://www.benzinga.com/24/12/42271676/fidelity-raises-valuation-of-elon-musks-x-but-its-still-worth-72-less-than-his-buyout-price" target="_blank" rel="noreferrer noopener">valued X at $12.3 billion recently</a>. While the company increased its valuation of X by 32.3% at the time, it valued X at 72% less than Musk paid.
Read Next: 
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<li><a href="https://www.benzinga.com/general/social-media/25/01/43291797/exclusive-will-social-media-users-leave-over-politics-new-poll-shows-this-platform-hurt-most">EXCLUSIVE: Will Social Media Users Leave Over Politics? New Poll Shows This Platform Hurt Most</a></li>
</ul>
Photo: Shutterstock

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Elon Musk Bringing Advertisers Back To X: Amazon Boosts Spending, Apple Considers Return

Egg prices in the U.S. have risen 60% over the past year, due in large part to the bird flu ravaging commercial flocks. Here's a look at why experts see the<a href="https://www.benzinga.com/general/biotech/25/01/43117087/bird-flu-update-first-commercial-case-in-georgia-moderna-receives-590-million-to-develop-vaccine"> prices continuing to climb.</a> 
The Details: The average price for a dozen large, grade-A eggs rose 60% over the past year, reaching $4.15 in December, according <a href="https://data.bls.gov/timeseries/APU0000708111">to data</a> from the Bureau of Labor Statistics. The USDA predicts egg prices <a href="https://www.ers.usda.gov/data-products/food-price-outlook/summary-findings#:~:text=In%202025,%20prices%20for%20all,of%20-2.7%20to%205.5%20percent.%5C">will </a>rise another 45% in 2025 due to a strain of bird flu known as H5N1 that killed 13.2 million commercial egg-laying hens in December.
Read Next: <a href="https://www.benzinga.com/general/travel/25/01/43343648/all-60-passengers-4-crew-members-onboard-american-airlines-jet-feared-dead-after-midair-collision-official-says">64 Killed In American Airlines Midair Collision Near D.C., Worst US Air Disaster Since 2001&nbsp;</a>
On top of the record-high prices, consumers are also facing egg shortages and purchase limits at major retailers like Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) and Albertsons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>). 
Data from the U.S. Department of Agriculture shows that a record number of more than 20 million egg-laying chickens died in the last quarter due to bird flu.&nbsp;
In an attempt to contain the virus, farmers are compensated for chickens and eggs that are destroyed through a USDA program which said it had paid out $1.25 billion to farmers since the outbreak started in 2022, according to a CBS News <a href="https://www.cbsnews.com/news/egg-industry-chicken-deaths-bird-flu/">report</a>.&nbsp;
In fact, egg producers are reporting record profits during the latest bird flu outbreak. Cal-Maine Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NYSE">CALM</a>), the nation's largest egg producer, reported<a href="https://www.benzinga.com/news/earnings/25/01/42862269/cal-maine-foods-stock-climbs-after-strong-q2-results-eps-beat-revenues-beat"> its most recent </a>quarterly revenue at $954.7 million, well above the $751.49 million consensus estimate.
The company attributed its high revenue in part to restricted supply resulting from bird flu outbreaks. Cal-Maine Foods stock has gained more than 75% over the past six months.&nbsp;
Telsey Advisory Group analyst Sarang Vora initiated coverage this week on Vital Farms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VITL#NASDAQ">VITL</a>), a smaller producer specializing in pasture-raised eggs. Vora said he sees the company&#8217;s sales growing at an annual growth rate of 19% to 20% and hitting the $1 billion mark in 2027, versus $600 million in 2024. 
This week, Rose Acre Farms, the second-largest egg producer in the U.S., confirmed its chickens had tested positive for bird flu, likely extending the period of high egg prices and shortages. 
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Image: Shutterstock

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VITL

Eggs Prices Soar As Bird Flu Spreads: Why Experts Expect Another 45% Increase In 2025

<a href="https://www.benzinga.com/real-estate/24/12/42368125/i-wonder-how-young-people-today-survive-robert-kiyosaki-says-spending-14-on-an-egg-salad-sandwich-was-hard-to-swallow">Robert Kiyosaki</a>, the author of Rich Dad Poor Dad, has never been shy about making bold predictions. On Jan. 26, he took to X to double down on what <a href="https://www.benzinga.com/personal-finance/24/07/40041316/laugh-all-you-want-robert-kiyosaki-rich-dad-poor-dad-warns-millions-of-401-k-s-and-iras-will-be-">he's been warning about for years</a>: a massive stock market crash. This time, though, he's naming a specific date – February 2025 – as the tipping point for what he calls "the biggest stock market crash in history."
In his post, Kiyosaki referenced his 2013 book, Rich Dad's Prophecy, where he claimed this crash was inevitable. But it's not just doom and gloom from him. Kiyosaki argues that market crashes create opportunities for those prepared, saying everything from cars to houses will "go on sale." He wrote, "Good news because in a crash everything goes on sale. Cars and houses on sale now."
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Even more interestingly, he predicts that billions will leave traditional investments like stocks and bonds, flowing into assets like Bitcoin, gold and silver. He advises people to "get out of fake and into real," emphasizing that even owning a single Satoshi could be enough to secure wealth in the chaos.
But Kiyosaki isn't alone in predicting trouble.
Goldman Sachs analysts also warn of a significant market correction, estimating a potential 30% drop in 2025. Their concerns stem from high valuations and ongoing economic uncertainty. Economist Harry Dent is on a similar page, pointing to <a href="https://www.benzinga.com/personal-finance/24/11/42236424/1-in-5-dollars-the-government-expends-goes-to-repaying-investors-heres-why-this-spells-trouble-for-trump-and-doge">America's growing private debt</a> as a time bomb waiting to go off. Dent has even said the bubble could burst as early as mid-2025.
Trending: Built on the trusted network of Fortune 500 companies, <a href="https://www.benzinga.com/money/web3-enabler-the-most-boring-blockchain-company-partners-with-salesforce">this blockchain company partners with Salesforce to uproot lengthy and expensive B2B transactions, and you can invest with just $100.</a>
Meanwhile, Jeremy Grantham, a veteran investor known for spotting financial bubbles, is predicting a "cataclysmic decline" in the stock market. He attributes this to overvaluation, demographic shifts like declining population growth, and global challenges such as climate change.
With heavyweights like Kiyosaki, Goldman Sachs, Dent and Grantham all predicting a downturn, the message is clear: prepare now. While the specifics of these warnings differ, they all share a common theme – markets are fragile, and significant challenges are ahead.
For the average investor, this means reassessing your financial strategy. Diversification becomes even more critical in uncertain times. Kiyosaki suggests moving from traditional "fake" assets like stocks and bonds into alternatives like cryptocurrency, gold and silver. While his Bitcoin predictions of "boom, boom, boom" may seem extreme, crypto has historically performed well during periods of economic uncertainty.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
Experts recommend having a clear plan for market volatility. <a href="https://www.benzinga.com/personal-finance/24/08/40531988/you-dont-need-emergency-savings-says-grant-cardone-claims-that-three-months-of-savings-in-case-o">Building emergency savings</a>, paying down debt, and diversifying your investments are key steps to weather a potential storm.
No one can predict the future with absolute certainty, but financial experts' growing chorus of warnings is hard to ignore. Whether or not February 2025 brings the "biggest crash in history," it's a good time to <a href="https://www.benzinga.com/money/are-you-rich">evaluate your financial health</a> and make adjustments if needed. After all, as Kiyosaki often reminds us, in every crash lies an opportunity – if you're prepared for it.
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Robert Kiyosaki, 'Rich Dad, Poor Dad,' Warns The Biggest Stock Market Crash Ever Is Coming February – 'Good News Is Everything Goes On Sale'

Outlook
The company anticipates that adjusted earnings per share for the full year 2025 will be in the range of $7.75 to $8.05, which at the mid-point represents EPS growth of 7% excluding the impact of foreign currency translation and a higher tax rate. This range is based on current global economic activity and foreign exchange rates, ongoing soft global industrial production, and mixed demand across the various regions in which we operate. The company expects that annual EPS growth will be weighted toward the second half of 2025 as global industrial demand weakened and the U.S. dollar strengthened in the second half of 2024. Additionally, we expect to realize more than $100 million in annualized share gains in our Industrial Coatings segment beginning in the second half of the year.
Additional information related to 2025 financial projections is posted within the slides and prepared commentary associated with the fourth quarter earnings documents on the Investors section of PPG.com.
The term organic sales as used in this press release is defined as net sales excluding the impact of currency, acquisitions and divestitures.

Guidance

PPG Anticipates Adj EPS For FY25 Will Be In The Range Of $7.75-$8.05 Vs $8.68 Est.

PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) reported quarterly earnings of $1.61 per share which missed the analyst consensus estimate of $1.65 by 2.42 percent. This is a 3.21 percent increase over earnings of $1.56 per share from the same period last year.

Earnings

PPG Indus Q4 Adj EPS $1.61 Misses $1.65 Estimate

Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) has outperformed the market over the past 20 years by 6.03% on an annualized basis producing an average annual return of 14.45%. Currently, Eli Lilly has a market capitalization of $740.34 billion. 
Buying $100 In LLY: If an investor had bought $100 of LLY stock 20 years ago, it would be worth $1,476.91 today based on a price of $823.23 for LLY at the time of writing.
<h3>Eli Lilly's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738280753_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

Wells Fargo analyst Donald Fandetti maintains AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) with a Overweight and lowers the price target from $12 to $11.

Price Target

Analyst Ratings

AGNC

Wells Fargo Maintains Overweight on AGNC Investment, Lowers Price Target to $11

Billionaire Jeff Bezos appears to have a major conflict of interest on his hands with a newspaper he owns trying to get records from another<a href="https://www.benzinga.com/news/21/04/20675447/5-things-you-might-not-know-about-jeff-bezos"> company he founded.</a>
What Happened: While he's <a href="https://www.benzinga.com/news/21/07/21849808/jeff-bezos-is-officially-no-longer-the-amazon-ceo">no longer the CEO</a> of Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Bezos remains a shareholder and the executive chairman of the company.
This means that a lawsuit filed by Amazon against the Washington Post, which Bezos owns, now has the billionaire on both sides of the legal fight.
The Washington Post is trying to obtain records related to Amazon's Project Kuiper satellite business, <a href="https://www.hollywoodreporter.com/business/business-news/jeff-bezos-amazon-sues-block-records-requests-washington-post-1236121933/">according </a>to The Hollywood Reporter.
Amazon is fighting back and has sued to block the records request as the e-commerce company states releasing the information could be harmful as it contains trade secrets.
The report says items requested by the news outlet include inspection records, investigation notes and complaints related to visits to the company by the Washington Department of Labor and Industries.
Amazon says the records contain proprietary satellite designs and other information that could give competitors "a competitive edge."
Amazon has not sued the newspaper directly, instead filing a lawsuit against a Washington state agency that agreed to disclose the records. The company is not seeking to block the release of all of the requested records, only a small portion that it believes contains trade secrets.
You may not be a billionaire like Jeff Bezos, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/25/01/43201590/benzinga-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-2">check out five stocks flying under the radar that deserve your attention.</a>
Why It's Important: The news of the battle by The Washington Post against Amazon comes as the newspaper faces public pushback after <a href="https://www.benzinga.com/general/politics/24/10/41557083/jeff-bezos-ends-washington-posts-36-year-tradition-of-endorsements-leaving-staff-roiled">not endorsing a candidate </a>for president for the first time since 1988.
The decision was said to have been made by Bezos, who bought the newspaper in 2013. The move led to the exit of several newspaper workers and saw around 250,000 subscribers cancel their subscriptions as a result.
The battle between The Washington Post and Amazon and the outcome could become a storyline for Bezos and whether or not billionaires should own news outlets.
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Photos: Shutterstock

SPACE

Media

Bezos Vs. Bezos: Amazon Files Lawsuit Related To Washington Post In Major Conflict Of Interest For Billionaire

Wells Fargo analyst Larry Biegelsen maintains NeuroPace (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) with a Overweight and raises the price target from $13 to $17.

NPCE

Wells Fargo Maintains Overweight on NeuroPace, Raises Price Target to $17

Wells Fargo analyst Ike Boruchow maintains Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) with a Equal-Weight and lowers the price target from $45 to $40.

VSCO

Wells Fargo Maintains Equal-Weight on Victoria's Secret, Lowers Price Target to $40

Wells Fargo analyst Matthew Akers maintains RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) with a Overweight and raises the price target from $151 to $156.

Wells Fargo Maintains Overweight on RTX, Raises Price Target to $156

Wells Fargo analyst Matthew Akers maintains Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) with a Equal-Weight and lowers the price target from $500 to $497.

Wells Fargo Maintains Equal-Weight on Lockheed Martin, Lowers Price Target to $497

Wells Fargo analyst Derek Archila maintains Zentalis Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZNTL#NASDAQ">ZNTL</a>) with a Equal-Weight and lowers the price target from $8 to $6.

ZNTL

Wells Fargo Maintains Equal-Weight on Zentalis Pharma, Lowers Price Target to $6

Wells Fargo analyst Zachary Fadem maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Equal-Weight and raises the price target from $145 to $175.

Wells Fargo Maintains Equal-Weight on Brinker International, Raises Price Target to $175

Wells Fargo analyst David Lantz maintains Monro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNRO#NASDAQ">MNRO</a>) with a Equal-Weight and lowers the price target from $24 to $20.

MNRO

Wells Fargo Maintains Equal-Weight on Monro, Lowers Price Target to $20

Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) has outperformed the market over the past 15 years by 6.96% on an annualized basis producing an average annual return of 19.23%. Currently, Blackstone has a market capitalization of $135.00 billion. 
Buying $1000 In BX: If an investor had bought $1000 of BX stock 15 years ago, it would be worth $13,976.42 today based on a price of $177.82 for BX at the time of writing.
<h3>Blackstone's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738279807_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have This Much Today

Wells Fargo analyst Ike Boruchow maintains VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) with a Underweight and raises the price target from $17 to $21.

Wells Fargo Maintains Underweight on VF, Raises Price Target to $21

UBS analyst Alex Kramm maintains Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) with a Neutral and raises the price target from $79 to $89.

NDAQ

UBS Maintains Neutral on Nasdaq, Raises Price Target to $89

UBS analyst Gregg Orrill maintains PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) with a Buy and lowers the price target from $24 to $22.

UBS Maintains Buy on PG&E, Lowers Price Target to $22

UBS analyst Ashwani Verma maintains Teva Pharmaceutical Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) with a Buy and lowers the price target from $30 to $27.

TEVA

UBS Maintains Buy on Teva Pharmaceutical Indus, Lowers Price Target to $27

NuShares Enhanced Yield U.S. Aggregate Bond ETF

New Pacific Metals Corp. (&quot;New Pacific&quot; or the &quot;Company&quot;) (TSX:<a class="ticker" href="/stock/NUAG#TSX">NUAG</a>) (OTCQX:<a class="ticker" href="/stock/NUPMF#OTCQX">NUPMF</a>) is pleased to announce that the Company has signed an agreement with a private Bolivian company (the &quot;Vendor&quot;), to acquire a 98% interest in the Carangas silver project (the &quot;Carangas Project&quot; or the &quot;Project&quot;), located in the Oruro Department, Bolivia. New Pacific will cover 100% of the future expenditures on exploration, mining, development, and production activities. The agreement has a term of 30 years and is renewable for an additional 15 years. An initial discovery diamond drill program is planned to commence upon receipt of the related permit from the local authorities.

CARANGAS PROJECT HIGHLIGHTS:

<ul>
	<li>Former silver mining district, located on La Ruta de la Plata (the Silver Road), containing broad zones of outcropping silver mineralization and historically exploited high-grade silver veins;</li>
	 
	 
	 
	&nbsp;
	<li>Highlights of due diligence sampling include 30 meters (&quot;m&quot;) at an average grade of 101 grams per tonne (&quot;g/t&quot;) silver, 15 m at an average grade of 252 g/t silver, and 8 m at an average grade of 512 g/t silver;</li>
	 
	 
	 
	&nbsp;
	<li>Near surface bulk tonnage and high-grade vein targets identified;</li>
	 
	 
	 
	&nbsp;
	<li>Leverages New Pacific&#39;s exploration and project development expertise and cements the Company&#39;s first mover status in an under-explored silver district; and</li>
	 
	 
	 
	&nbsp;
	<li>5,000-meter discovery diamond drill program planned for 2021.</li>
</ul>

Dr. Mark Cruise, CEO of New Pacific, stated, &quot;The addition of the Carangas Project fits well with the Company&#39;s strategy to become a premier Latin American focused precious metal explorer and developer. Initial field work, including target generation, positions us well for a successful drill program and compliments our planned exploration programs at our Silverstrike Project, in addition to the advanced exploration and development studies currently in progress on our flagship Silver Sand project.&quot;

CARANGAS PROJECT OVERVIEW

The Carangas Project consists of two exploration concessions totaling 6.25 square kilometers (&quot;km&quot;), located approximately 180 km southwest of the city of Oruro, in southwest Bolivia (Figure 1). Situated in the Bolivian altiplano at an average elevation of 3,800 m, access to the Project is via paved Highway 12 and a municipally maintained 30 km gravel road.

Geologically, the Project lies within the South American Epithermal Belt which hosts large precious metal deposits and operations in neighboring countries but remains under-explored in Bolivia. The Project is comprised of a Tertiary volcanic complex approximately 1.6 km long in east-west direction and 1.4 km wide in north-south direction, which stands 150 m above the surrounding fluvial plains. An ephemeral stream divides the volcanic complex into two separate domes known as West and East Domes, respectively (Figure 2).

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3126082-1&amp;h=2650979282&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1485819%2FFigure_1.jpg&amp;a=Figure+1%3A+Location+of+the+Carangas+Project+in+the+Department+of+Oruro%2C+Bolivia" target="_blank">Figure 1: Location of the Carangas Project in the Department of Oruro, Bolivia</a>

<a href="https://mma.prnewswire.com/media/1485819/New_Pacific_Metals_Corp__New_Pacific_Acquires_the_Carangas_Silve.html" target="_blank"><img alt="Figure 1: Location of the Carangas Project in the Department of Oruro, Bolivia (CNW Group/New Pacific Metals Corp.)" src="https://mma.prnewswire.com/media/1485819/New_Pacific_Metals_Corp__New_Pacific_Acquires_the_Carangas_Silve.jpg" /></a>

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3126082-1&amp;h=1882061209&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1485822%2FFigure_2.jpg&amp;a=Figure+2%3A+Satellite+Imagery+of+the+Carangas+Project%2C+Bolivia%2C+including+West+and+East+Domes" target="_blank">Figure 2: Satellite Imagery of the Carangas Project, Bolivia, including West and East Domes</a>

&nbsp;

GEOLOGY AND MINERALIZATION

West Dome consists of felsic to dacitic volcanic facies (lithic and/or ash fall tuffs) cross-cut by multi-phase mineralized hydrothermal and/or structural breccia bodies and rhyo-dacitic dykes. East Dome consists of lithic tuffs cut by faults and associated minor breccia zones.

The Domes are dissected by a series of laterally extensive, steeply dipping to sub-vertical, extensional fault and fracture zones of half meter to more than one meter wide, predominantly striking east-west, west-northwest and northwest. Silver-rich polymetallic mineralization occurs as millimeter to multi-meter-wide veins (which were historically exploited), veinlets and disseminations in the matrix of the breccias and/or associated volcanic host units.

The area between the West Dome and East Dome is a flat valley, approximately 200 m wide, filled by fluvial sediments (Figure 2).

HISTORY OF MINING AND EXPLORATION

Mining is thought to have commenced in the sixteenth century and continued intermittently until the early twentieth century. The Project, and in particular West Dome, contains extensive surface workings in addition to underground mine adits, shafts and associated processing and smelting infrastructure. There is no active mining at the present time.

Modern mineral exploration, by local mining interests, occurred in the early 1980&#39;s. The first drill program comprising of nine reverse circulation holes for a total of 1,000 m was carried out in 1995. Written records for the program report a drill intercept (1) of 116 m at an average grade of 95 g/t silver (from 18 m to 134 m downhole), including 16 m at 325 g/t silver (from 66 m to 82 m downhole), including a 4-m mined-out interval in hole RC-05.

A second drill program was conducted in 2000, also by a local Bolivian group, with six diamond drill holes for a total of 914 m completed. The results are in line with prior exploration and include a drill intercept (1) of 76 m at an average grade of 90 g/t silver, 0.96% lead, and 0.12% zinc (from 0 m to 76 m downhole), including 8 m at 266 g/t silver, 1.02% lead, and 0.06% zinc (from 26m to 34 m downhole) in hole DDH-01. No exploration activities were recorded after the year 2000.

<table border="0" cellpadding="0" cellspacing="0">
	<tbody>
		<tr>
			<td colspan="2">
			Note:
			</td>
		</tr>
		<tr>
			<td>
			(1)
			</td>
			<td>
			The drill results are historic in nature and should not be relied upon. The historical drill intercepts were not verified by the Company as the drill cores and sample pulp/rejects are not available and there are other inherent limitations and uncertainties. The drill intercepts are not considered as true width of mineralization due to little knowledge of spatial morphology of mineralization at this early stage.
			</td>
		</tr>
	</tbody>
</table>

NEW PACIFIC DUE DILLIGENCE

New Pacific conducted reconnaissance scale geological, structural and alteration mapping and geochemical sampling of the Project including the collection of representative characterization (&quot;grab&quot;) (1) and continuous channel chip samples (2) from surface outcropping mineralization, historical mine dumps and, where safely accessible, underground workings.

A total of 282 characterization samples and 729 continuous channel rock chip samples were collected from surface outcrop, underground mining faces, and open pit walls. The grab samples returned an average silver grade of 229 g/t (range of 1 g/t to 1,950 g/t); an average lead grade of 1.02% (range of 0% to 7.33%), and an average zinc grade of 0.16% (range of 0% to 3.28%), reflecting the presence of widespread geochemically anomalous mineralization. In general, continuous chip samples intercepted multiple wide mineralized zones, where outcrop or underground workings are accessible. Table 1 contains a summary of selected composite intervals of continuous chip samples.

Table 1: Selected Composite Intervals of Continuous Chip Samples from the Carangas Project, Bolivia.

<table border="1" cellpadding="0" cellspacing="0">
	<tbody>
		<tr>
			<td>
			Target
			</td>
			<td>
			Location
			</td>
			<td>
			From (m)
			</td>
			<td>
			To (m)
			</td>
			<td>
			Interval (m)
			</td>
			<td>
			Ag (g/t)
			</td>
			<td>
			Pb (%)
			</td>
			<td>
			Zn (%)
			</td>
			<td>
			Note
			</td>
		</tr>
		<tr>
			<td rowspan="5">
			West Dome
			</td>
			<td>
			Chip_1
			</td>
			<td>
			0.0
			</td>
			<td>
			30.0
			</td>
			<td>
			30.0
			</td>
			<td>
			101
			</td>
			<td>
			0.77
			</td>
			<td>
			0.03
			</td>
			<td>
			composite
			</td>
		</tr>
		<tr>
			<td>
			Chip_2
			</td>
			<td>
			0.0
			</td>
			<td>
			6.6
			</td>
			<td>
			6.6
			</td>
			<td>
			280
			</td>
			<td>
			0.79
			</td>
			<td>
			0.01
			</td>
			<td>
			composite
			</td>
		</tr>
		<tr>
			<td>
			Chip_3
			</td>
			<td>
			0.0
			</td>
			<td>
			15.3
			</td>
			<td>
			15.3
			</td>
			<td>
			252
			</td>
			<td>
			1.32
			</td>
			<td>
			0.02
			</td>
			<td>
			composite
			</td>
		</tr>
		<tr>
			<td>
			Chip_4
			</td>
			<td>
			0.0
			</td>
			<td>
			8.0
			</td>
			<td>
			8.0
			</td>
			<td>
			512
			</td>
			<td>
			1.66
			</td>
			<td>
			0.06
			</td>
			<td>
			composite
			</td>
		</tr>
		<tr>
			<td>
			Chip_5
			</td>
			<td>
			2.0
			</td>
			<td>
			80.0
			</td>
			<td>
			78.0
			</td>
			<td>
			65
			</td>
			<td>
			0.98
			</td>
			<td>
			0.21
			</td>
			<td>
			composite
			</td>
		</tr>
		<tr>
			<td rowspan="4">
			East Dome
			</td>
			<td>
			Chip_6
			</td>
			<td>
			14.0
			</td>
			<td>
			68.0
			</td>
			<td>
			54.0
			</td>
			<td>
			52
			</td>
			<td>
			0.30
			</td>
			<td>
			0.14
			</td>
			<td>
			composite
			</td>
		</tr>
		<tr>
			<td>
			Chip_7
			</td>
			<td>
			18.0
			</td>
			<td>
			56.0
			</td>
			<td>
			38.0
			</td>
			<td>
			98
			</td>
			<td>
			0.66
			</td>
			<td>
			0.21
			</td>
			<td>
			composite
			</td>
		</tr>
		<tr>
			<td>
			Chip_8
			</td>
			<td>
			0.0
			</td>
			<td>
			2.0
			</td>
			<td>
			2.0
			</td>
			<td>
			1,100
			</td>
			<td>
			0.62
			</td>
			<td>
			0.25
			</td>
			<td>
			single sample
			</td>
		</tr>
		<tr>
			<td>
			Chip_9
			</td>
			<td>
			0.0
			</td>
			<td>
			1.0
			</td>
			<td>
			1.0
			</td>
			<td>
			1,755
			</td>
			<td>
			0.93
			</td>
			<td>
			0.59
			</td>
			<td>
			single sample
			</td>
		</tr>
	</tbody>
</table>

At East Dome (Figure 3), mineralization occurs as fracture and fault zones cutting the lithic tuff host unit. Continuous rock chip sampling returned broad mineralized zones, including up to 54.0 m at 52 g/t silver, 0.30% lead and 0.14% zinc, and 38.0 m at 98 g/t silver, 0.66% lead and 0.21% zinc. Sampling also confirmed the presence of numerous high grade narrow zones of silver-rich mineralization including up to 2.0 m at 1,100 g/t silver, 0.62% lead and 0.25% zinc, and 1.0 m at 1,755 g/t silver, 0.93% lead and 0.59% zinc.

At West Dome (Figure 4), channel chip sampling confirmed the presence of multiple mineralized zones including up to 30.0 m at 101 g/t silver and 0.77% lead, 6.6 m at 280 g/t silver and 0.79% lead, and 15.0 m at 252 g/t silver and 1.32% lead.&nbsp; Encouraging intervals of continuous rock chip sampling from underground include 8.0 m at 512 g/t silver and 1.66% lead, and 78.0 m at 65 g/t silver, 0.98% lead and 0.21% zinc. All channel chip samples were collected from mineralized hydrothermal breccias, which are cut by mineralized fractures and faults.

<table border="0" cellpadding="0" cellspacing="0">
	<tbody>
		<tr>
			<td colspan="2">
			Notes:
			</td>
		</tr>
		<tr>
			<td>
			(1)
			</td>
			<td>
			Grab samples are selective in nature and are not representative of the average in-situ mineralization.
			</td>
		</tr>
		<tr>
			<td>
			(2)
			</td>
			<td>
			Rock chip samples were taken across mineralized structures from surface outcrops and underground faces. Sample interval is close to true width of mineralization.
			</td>
		</tr>
	</tbody>
</table>

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3126082-1&amp;h=2238530341&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1485821%2FFigure_3.jpg&amp;a=Figure+3%3A+Geology+Map+of+East+Dome%2C+Carangas+Project%2C+Bolivia%2C+including+Sample+Results" target="_blank">Figure 3: Geology Map of East Dome, Carangas Project, Bolivia, including Sample Results</a>

&nbsp;

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3126082-1&amp;h=548764391&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1485820%2FFigure_4.jpg&amp;a=Figure+4%3A+Geology+Map+of+West+Dome%2C+Carangas+Project%2C+Bolivia%2C+including+Sample+Results" target="_blank">Figure 4: Geology Map of West Dome, Carangas Project, Bolivia, including Sample Results</a>

&nbsp;

NEAR-TERM STRATEGY AND NEXT STEPS

Based on the historical mining activities evidenced by widespread mine dumps and numerous surface and underground mining workings, historical exploration results, and the results of the Company&#39;s initial exploration programs, the Company believes that the Carangas Project has the potential to host near surface bulk tonnage mineralization and high-grade mineralization, controlled by narrow structures, at relatively shallow depths.

Permitting is in progress and the Company plans an initial discovery diamond drill program of up to 5,000 m in 2021. Upon completion of the program, New Pacific will provide an update on the results. Contingent on these drill results, additional drilling may be conducted to expand upon and define any new discoveries.

NUPMF

TSX:NUAG

New Pacific Metals Reports Purchase Of Carangas Silver Project In Bolivia, No Terms Disclosed

The landscape of environmental, social and governance (ESG) exchange-traded funds continues growing, and one ETF issuer contributed to that growth in a big way Wednesday. Nuveen expanded its <a href="https://www.benzinga.com/topic/nushares-etfs">NuShares ETF suite</a> in significant fashion with the debuts of five ESG ETFs.
In September, Nuveen, a unit of TIAA Global Asset Management, made its long-awaited reentry into the exchange-traded funds business with the launch of the NuShares Enhanced Yield US Aggregate Bond ETF (BATS: NUAG) (NYSE: <a class="ticker" href="/stock/nuag#NYSE">NUAG</a>).
<h3>Large- And Mid-Cap Strategies</h3>
The NuShares ESG Large-Cap Growth ETF (BATS: NULG), one of the the new NuShares ETFs to debut Wednesday, tracks the TIAA ESG USA Large-Cap Growth Index. That index &ldquo;is primarily composed of equity securities issued by large capitalization companies listed on U.S. exchanges. The Index uses a rules-based methodology that seeks to provide investment exposure that generally replicates that of traditional large-cap growth benchmarks through a portfolio of securities that adhere to predetermined ESG, controversial business involvement and low-carbon screening criteria,&rdquo; <a href="http://www.nuveen.com/ETF/Product/Overview.aspx?fundcode=NULG">according to Nuveen</a>.
NULG allocates about half its combined weight to technology and consumer discretionary stocks. The NuShares ESG Large-Cap Value ETF (BATS: NULV) is the value counterpart to NULG. NULV follows the TIAA ESG USA Large-Cap Value Index, which uses the same methodology as the index tracked by NULG.
NULV allocates over a third of its weight to financial services and energy stocks, two sectors frequently appearing atop a plethora of value ETFs. The NuShares ESG Mid-Cap Growth ETF (BATS: NUMG) is the mid-cap answer to the NULG. NUMG&#39;s underlying index, the TIAA ESG USA Mid-Cap Growth Index, uses the same methodology as the benchmarks followed by NULG and NULV.
<h3>Small-Cap Strategies</h3>
Nuveen also introduced two ESG small-cap strategies. The NuShares ESG Mid-Cap Value ETF (BATS: NUMV) is, as its name implies, a play on small-cap value stocks, while the NuShares ESG Small-Cap ETF (BATS: NUSC) is a broader small-cap ETF.
NULG and NULG charge 0.35 percent per year, or $35 on a $10,000 investment, while the new NuShares mid- and small-cap ETFs carry annual expense ratios of 0.4 percent.
<h3>ESG Investing, In A Nutshell</h3>
&ldquo;ESG investing has been a bright spot for the asset management industry, representing a significant growth opportunity as investors increasingly seek to align their investments with their values,&rdquo; <a href="http://www.businesswire.com/news/home/20161214005607/en/Nuveen-Launches-Suite-NuShares-ESG-ETFs">said Nuveen in a statement.</a> &ldquo;In a recent TIAA Global Asset Management survey of over 1,000 high net worth U.S. investors, 89 percent said they would like to invest responsibly as long as they could achieve the same or better investment returns, and nearly three quarters of respondents said they would be more likely to work with advisors who were able to offer them competitive investment options that also have a positive impact on society.&rdquo;

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