Option chain shows key data for Sky Quarry's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Sky Quarry.

Sky Quarry (NASDAQ:SKYQ) Stock, Option Chain

Sky Quarry

Sky Quarry Inc is a development-stage oil-producing and refining company. The company along with its subsidiaries is engaged in deploying technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated soils. The recycling and production of oil from asphalt shingles is expected to reduce the dependence on landfills for the disposal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses.

Sky Quarry Inc

<ul>
<li>The Only Product of Its Kind Approved for Use in Four Aesthetic Indications: Temporary Improvement in the Appearance of Moderate to Severe Forehead Lines, Frown Lines, Crow&#39;s Feet Lines, and Now Platysma Bands in Adults1-5</li>
<li>With this Approval, BOTOX&reg;&nbsp;Cosmetic is the First and Only Aesthetic Neurotoxin Product to Temporarily Improve the Appearance of Moderate to Severe Vertical Bands Connecting the Jaw and Neck&nbsp;(Platysma Bands) in Adults1-5</li>
</ul>

News

ABBV

Reported Friday, Allergan Aesthetics, An Abbvie Company, Announces FDA Approval Of BOTOX Cosmetic For Moderate To Severe Vertical Bands Connecting The Jaw And Neck

Ryan Detrick, Chief Market Strategist at Carson Group, recently highlighted positive trends for the S&amp;P 500, noting that the index has risen in 10 of the last 11 months. 
What Happened:&nbsp;This pattern, he stated on X, has occurred only ten times since 1950, with historical data showing that the market was higher a year later in nine of those instances, averaging gains of 14.7%.
<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">The S&amp;P 500 is up 10 of the past 11 months. Since 1950, that has happened 10 other times (using the first signal in a cluster). Higher a year later 9 times and up a very solid 14.7%. &#x1f402;&#x1f4aa; <a href="https://t.co/oA9X2nNKSP">pic.twitter.com/oA9X2nNKSP</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1848194393003659486?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
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In his analysis, Detrick emphasized the significance of sustained bull markets, remarking, &#8220;Once a bull market gets past its second birthday, they tend to last for many more years.&#8221; This insight suggests a robust outlook for investors as the current bull market matures.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Remember, once a bull market gets past it&#39;s second birthday they tend to last for many more years. <a href="https://t.co/KqOUsMganF">pic.twitter.com/KqOUsMganF</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1848191226303967442?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
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Additionally, Detrick pointed out that the S&amp;P 500 has experienced six consecutive weeks of gains for the first time this year. He referenced data from 51 similar occurrences in the past, revealing that stocks were higher a year later 86.3% of the time, with an average increase of 11.1%. 
&#8220;Both are better than any-time returns,&#8221; he noted, reinforcing his bullish sentiment.
As investors consider their strategies moving forward, Detrick&#8217;s insights serve as a reminder to remain vigilant and informed in an evolving market landscape. &#8220;Plan accordingly,&#8221; encapsulates a proactive approach to investment trends.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 is up 6 weeks in a row for the first time this year. I found 51 other times it did this and stocks were higher a year later 86.3% of the time and up 11.1% on avg. Both are better than the any-time returns. Yet another clue this is a bull market. Plan accordingly. <a href="https://t.co/ZbKhGt1P5A">pic.twitter.com/ZbKhGt1P5A</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1848023225176903950?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41421309/tesla-investor-ross-gerber-calls-it-game-over-as-googles-waymo-expands-robotaxi-presence-in-west">Tesla Investor Ross Gerber Calls It &#8216;Game Over&#8217; As Google&#8217;s Waymo Expands Robotaxi Presence In West LA</a>
Why It Matters: The S&amp;P 500 has been defying the odds and <a href="https://www.benzinga.com/news/earnings/24/10/41356778/the-s-p-500-defies-odds-extends-rally-with-6-000-in-sight">extending its rally</a>, with the market breaking above critical support in late September. According to MarketBeat, the market is on track to reach bull case targets near 6,000 by the year&#8217;s end, driven by a robust outlook for earnings and a Federal Reserve leaning towards lower interest rates.
As the third-quarter earnings season kicked off, one analyst predicted that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41280243/q3-earnings-preview-analyst-predicts-tech-will-triumph-while-energy-will-struggle">tech would triumph</a> while energy would struggle. Given the earnings and dividend growth outlook and assuming no change in the price multiple, the 15% growth expected for 2025 suggests a move to 6,600 is possible by the end of next year.
Despite the ongoing geopolitical and economic complexities, the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41239978/s-p-500-earnings-season-kicks-off-why-analysts-call-this-quarter-a-stock-pickers-pa">S&amp;P 500 earnings season</a> is seen as a &#8220;stock picker&#8217;s paradise,&#8221; offering significant opportunities for investors. This, combined with the current bullish trends, paints a promising picture for the S&amp;P 500&#8217;s future.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41420779/dan-ives-acknowledges-nvidia-microsoft-as-core-drivers-of-ai-but-sees-palantir-ibm-amd-and-apple">Dan Ives Acknowledges Nvidia, Microsoft As &#8216;Core Drivers Of AI&#8217; But Sees Palantir, IBM, AMD And Apple Joining The Party As Well — Robust Q3 Earnings Expected</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Markets

Ryan Detrick Predicts Bullish Trends For S&P 500: Historical Data Suggests Significant Gains

American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) is poised to become the sole owner of Swisscard after UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) announced plans to sell its 50% stake. This comes just days after American Express reported<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41407367/american-express-mixed-q3-results-goldman-analyst-sees-silver-lining-in-expense-man"> mixed third-quarter results</a>, with revenue slightly below analyst expectations. 
What Happened: UBS is divesting its half-share in Swisscard to American Express, as per Reuters on Monday. This decision aligns with UBS&#8217;s strategic shift following its acquisition of Credit Suisse. The deal&#8217;s financial terms have not been disclosed, but Swisscard has reportedly confirmed the transaction.
This sale is part of UBS&#8217;s broader strategy to streamline its operations after the emergency takeover of Credit Suisse. UBS has stated that issuing cards through Swisscard no longer fits its strategic goals, and Credit Suisse customers will be moved to UBS&#8217;s existing credit card platform.
Swisscard has reassured stakeholders that the change in ownership will not immediately impact cardholders, merchants, or partners. The company will continue to issue cards under American Express, Mastercard, and Visa licenses in Switzerland.
See Also: <a href="https://www.benzinga.com/insights/options/24/10/41411253/palantir-technologies-unusual-options-activity?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir Technologies Unusual Options Activity</a>
UBS has been actively restructuring, having sold a stake in Credit Suisse Securities (China) in June and a former insurance-linked investment unit in July. The bank plans to inform Credit Suisse cardholders about new card issuance by mid-2025.
Why It Matters: The decision by UBS to sell its stake in Swisscard comes amid <a href="https://www.benzinga.com/markets/equities/24/08/40394313/ubs-liquidates-2b-credit-suisse-real-estate-fund-amid-market-slump-report">a series of strategic divestments</a> following its acquisition of Credit Suisse. In August, UBS liquidated a $2 billion real estate fund from Credit Suisse, reflecting a broader effort to streamline its portfolio. The fund, known as the Credit Suisse Real Estate Fund International, had seen a significant decline in value throughout 2023. 
Meanwhile, despite American Express&#8217; mixed results in the third quarter, there were positive signs in expense management and net interest income growth, suggesting potential for future performance improvements.
Price Action: On Friday, American Express closed 3.15% lower at $276.79 while UBS closed at $32.83, marking a 0.83% hike from its previous close, as per<a href="https://pro.benzinga.com"> Benzinga Pro.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41396724/microstrategy-boss-michael-saylor-taunts-bitcoin-doubters-challenges-them-to-short-company?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">MicroStrategy Boss Michael Saylor Taunts Bitcoin Doubters, Challenges Them To Short Company&#8217;s Stock: &#8216;I Want You To Love Us If You Really Hate BTC&#8217;</a></li>
</ul>
Photo via Shutterstock.
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

General

American Express To Become Sole Owner Of Swisscard As UBS Sells Its 50% Stake

Oculis Holding AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCS#NASDAQ">OCS</a>) ("Oculis"), a global biopharmaceutical company purposefully driven to save sight and improve eye care, today announces the acceleration of patient enrollment for both Phase 3 DIAMOND trials of OCS-01 eye drops in DME and expansion of the DIAMOND program committees with globally renowned retina experts.
Substantial enrollment progress was achieved since the end of Q2 2024 through early October, with ~70% of patients enrolled in the Phase 3 DIAMOND-1 trial, and ~40% of patients enrolled in the Phase 3 DIAMOND-2 trial. The DIAMOND (DIAbetic Macular edema patients ON a Drop) program consists of two (2) Phase 3, double-masked, randomized, multi-center trials which will evaluate the efficacy and safety of OCS-01 eye drops in patients with DME.
Arshad M. Khanani, M.D., M.A, FASRS, DIAMOND Program Steering Committee Chairperson, Oculis Board of Directors member, Scientific Advisory Board Chair of Retina and Director of Clinical Research at Sierra Eye Associates, commented: "I am honored to chair the DIAMOND steering committee, comprised of leading experts from around the globe, as we support the outstanding team at Oculis in the late-stage development of OCS-01. The results from Stage 1 of the DIAMOND Phase 3 program are promising, showing that patients treated with OCS-01 experienced significant improvements in visual acuity and a clinically meaningful reduction in macular edema. The DIAMOND program offers hope to the millions worldwide affected by DME, with OCS-01 potentially emerging as the first non-invasive topical eye drop therapy."
Riad Sherif, M.D., Chief Executive Officer of Oculis, said: "We are very pleased with the strong momentum in patient enrollment in DIAMOND-1 and DIAMOND-2 Phase 3 trials which continues to exceed our expectations. We are also honored to have such a distinguished and broad group of global experts on the expanded DIAMOND program committees and look forward to working with the committees and benefiting from their deep expertise as we advance the DIAMOND program."

Oculis Expands DIAMOND Program with Global Retina Experts, Accelerating Phase 3 Trials for DME Treatment

InterDigital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>), a mobile, video and AI technology research and development company, announced its participation in the 2024 Brooklyn 6G Summit, taking place October 23 – 25. At the show, InterDigital and researchers from The University of Texas at Austin will display the latest in their collaboration to validate AI solutions for wireless networks and shape how AI will be used for 5G and 6G.
Jointly organized by Nokia and the NYU Wireless Research Center, the Brooklyn Summit is an annual gathering of communications industry leaders contributing to the future of wireless technology. The theme of this year's discussions is "6G – From vision to action."
A key challenge in applying AI/ML to wireless networks is managing model training overhead and ensuring user data privacy. To address these issues, InterDigital and The University of Texas at Austin will showcase our research on Over-the-Air Federated Learning (OTA-FL) by training a real-time image classification in a live demo.&nbsp;&nbsp;
While traditional federated learning (FL) requires each device to send its model updates using separate dedicated radio resources to a central server for aggregation, in OTA-FL, the aggregation of model updates happens directly "over-the-air". The joint demo between InterDigital and The University of Texas at Austin will use software defined radios (SDRs) to simultaneously transmit model updates, displaying real-time OTA-FL training. The simultaneous transmission of model updates reduces overhead and improves energy efficiency, especially as the number of users increases.
"As industry prepares for the increased use of AI, new solutions are required to enable AI – especially for the training of AI models," said Milind Kulkarni, VP and Head of Wireless Labs at InterDigital. "Our expert teams at InterDigital are leading critical research in AI and its enablement in wireless networks, and this work is one example of the novel approaches being considered"
"OTA-FL offers an incredible opportunity to have model weight updates from large number of devices without proportional increase in precious spectrum and time resources. It is a whole new paradigm of training where the wireless medium computes for us," said UT-Austin Professor Kaushik Chowdhury. "Through this collaboration and support from InterDigital, as well as from the US National Science Foundation, we are excited to be among the first demonstrators of OTA-FL on real-world experimental testbeds." &nbsp;&nbsp;
In addition to their AI demo showcase, InterDigital's Senior Principal Engineer Phil Pietraski will participate in a panel discussion on "Energy Efficiency in AI/ML Networks," alongside speakers from NVIDIA, Fraunhofer Heinrich Hertz Institute (HHI), Rohde &amp; Schwarz, and MediaTek. The panel will take place on Friday, October 25th at 1:40pm ET in the NYU Wireless Pfizer Auditorium. Learn more <a href="https://www.globenewswire.com/Tracker?data=bKi9C-aHFfRNbCtPy5Kshm50OKvd1suUuDqSMWNGJtTKJ4MJ7aTx1pzaHvKzYb3xYmDzAgjos699w9tfnwSYUCfLr7Is3NjHs4UDMCjbjq8_4b54ZdbfzrCxBSJEd0Pk">here</a>.

IDCC

InterDigital to Present AI Solutions for 5G and 6G at Brooklyn Summit, Highlighting Over-the-Air Federated Learning

Trading in the Company&#39;s warrants will be suspended immediately. Trading in the Company&#39;s common stock &mdash; ticker symbol CLDI &mdash; will continue on the NYSE American.

CLDI

Reported Friday, Calidi Biotherapeutics' Warrants To Be Delisted By NYSE American Following Low Trading Price

<ul>
<li>NX-5948 demonstrated robust clinical activity with objective responses observed in 7 of 9 (77.8%) evaluable Waldenstrom&#39;s patients in the ongoing Phase 1a/1b clinical trial</li>
<li>Responses are durable and deepen over time with two patients on treatment for greater than one year</li>
<li>Data were presented at the 12th International Workshop on&nbsp;Waldenstrom&#39;s Macroglobulinemia (IWWM-12)</li>
</ul>

NRIX

Reported Saturday, Nurix Therapeutics Presents Phase 1 Data For BTK Degrader NX-5948 In Patients With Relapsed/Refractory Waldenstrom's Macroglobulinemia

Shift4 Payments CEO and SpaceX customer Jared Isaacman on Saturday backed the Elon Musk-founded rocket manufacturer against allegations that it is undercutting competition to the point of operating at a loss to get launch contracts.
What Happened: &#8220;I don't think SpaceX bid at a loss. Reusability and operating at scale significantly reduce the incremental cost per launch,&#8221; Isaacman said. However, were the company to increase costs given its current share of the launch-providing industry, it would give rivals the opportunity to win contracts from it, similar to how SpaceX took over the market from United Launch Alliance many years ago, he said. 
&#8220;The company is not operating at a loss and raising funds to keep operating,&#8221; Isaacman said. &#8220;It's kind of absurd to push the narrative that Elon puts on a &#8216;show&#8217; or operates irrationally to raise funds when his companies are profitable, highly valued and he personally has more resources than anyone else in the world to invest in what he believes in.&#8221; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#8211; I don't think SpaceX bid at a loss. Reusability and operating at scale significantly reduce the incremental cost per launch. &#8211; If SpaceX starts acting like a monopolist and raises costs, it will create opportunities for others to disrupt them, just as SpaceX did to ULA. The…
&mdash; Jared Isaacman (@rookisaacman) <a href="https://twitter.com/rookisaacman/status/1847694520840048706?ref_src=twsrc%5Etfw">October 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Isaacman is the founder of the Polaris program. Polaris Dawn, the first of up to three human spaceflight missions planned under the program, launched in September with an all-civilian crew composed of four, and two of them conducted the world&#8217;s <a href="https://www.benzinga.com/news/24/09/40830436/spacex-completes-1st-ever-spacewalk-by-a-commercial-company-as-part-of-polaris-dawn-mission">first private spacewalk outside a SpaceX capsule</a>. Isaacman did not reveal how much he paid for the mission but it is estimated to have run into hundreds of millions. 
Allegations of SpaceX undercutting rivals to the point of loss emerged after the U.S. SpaceForce selected the company over rivals to launch multiple new national security missions for about $733.6 million on Friday. 
Why It Matters: SpaceX, unlike Musk&#8217;s Tesla, is privately held, meaning it does not provide periodic disclosures of its finances and operations. 
However, in May, company CEO Musk said that the company has <a href="https://www.benzinga.com/news/24/05/38998303/elon-musk-says-spacex-needs-no-additional-capital-on-heels-of-reports-of-upcoming-tender-offer-will">no need for &#8220;additional capital.&#8221;</a>
&#8220;SpaceX has no need for additional capital and will actually be buying back shares. We do liquidity rounds for employees and investors every ~6 months,&#8221; Musk then said, referring to the company&#8217;s periodic tender offers.
SpaceX was valued at <a href="https://www.benzinga.com/news/23/12/36249896/spacex-worth-180-billion-now-musk-owned-companys-value-tops-boeing-lockheed-martin-disney-verizon-ib">$180 billion</a> in a tender offer in December, according to reports from Bloomberg.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41417390/elon-musks-pro-trump-super-pac-to-give-1m-every-day-to-people-in-swing-states-for-signing-his-petiti">Elon Musk&#8217;s Pro-Trump Super PAC To Give $1M Every Day To People In Swing States For Signing His Petition</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Tech

Polaris Founder Denies Elon Musk's SpaceX Is Undercutting Rivals To Win Launch Contracts: 'He Personally Has More Resources Than Anyone Else In The World To Invest In What He Believes In'

At 48 weeks, the novel investigational combination maintained a high rate (n=49;&nbsp;94.2%) of viral suppression (HIV-1 RNA &lt;50 copies/mL) in virologically suppressed adults, a secondary endpoint of the study. Zero participants had a viral load of &ge;50 copies/mL at Week 48. Week 24 results, including the study&#39;s primary endpoint, were previously&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.gilead.com%2Fnews%2Fnews-details%2F2024%2Fgilead-and-merck-announce-phase-2-data-showing-an-investigational-oral-once-weekly-combination-regimen-of-islatravir-and-lenacapavir-maintained-viral-suppression-at-week-24&amp;esheet=54138416&amp;newsitemid=20241019252729&amp;lan=en-US&amp;anchor=presented&amp;index=2&amp;md5=0c81558056064d58c7905363c74686f9">presented</a>&nbsp;at the 31st Conference on Retroviruses and Opportunistic Infections (CROI).

GILD

Reported Saturday, Gilead And Merck's Islatravir-Lenacapavir Combo Demonstrates High Efficacy In Weekly HIV Treatment At Week 48 In Phase 2 Study

<ul>
<li>Data from prospective, multicenter CONNECTION study indicate that using DecisionDx-Melanoma test results to guide sentinel lymph node biopsy (SLNB) decisions in patients with T1 melanoma tumors could have reduced the number of unnecessary biopsies by up to&nbsp;64%, which, in turn, could have reduced procedure-related complications and health care costs</li>
<li>New findings support DecisionDx&reg;-SCC&#39;s use in guiding radiologic surveillance imaging in patients with stage T2b squamous cell carcinoma (SCC) tumors based on Brigham and Women&#39;s Hospital (BWH) staging, including deferring imaging for patients with low-risk test results and proceeding with imaging for patients with high-risk results</li>
</ul>

CSTL

Reported Sunday, Castle Biosciences Presents New Data At ASDS, Demonstrating DecisionDx®-Melanoma Reduces Unnecessary SLNBs by 64% In T1a And T1b Tumors

Introducing Mastercard Move Commercial Payments to power near real-time commercial cross-border payments&nbsp;24 hours a day, 365 days a year

Mastercard Launches 'Move Commercial Payments' To Enhance Speed And Transparency In Cross-Border Banking Transactions

Reported Sunday, Broadridge Enhances Global OTC Derivatives Reporting With Expanded Support Across Multiple Jurisdictions

Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Emirates SkyCargo today announced an order for five more of the world's largest and longest-range twin-engine freighter, building on its earlier <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4282475-1&amp;h=4040719593&amp;u=https%3A%2F%2Fboeing.mediaroom.com%2F2024-07-16-Emirates-SkyCargo-Orders-Five-More-Boeing-777-Freighters-to-Modernize-Fleet&amp;a=purchase+of+five+777+Freighters">purchase of five 777 Freighters</a>. The latest order, which was finalized in September and listed as unidentified on Boeing's Orders and Deliveries website, brings Emirates' order book to 249 Boeing widebody airplanes, including 14 777 Freighters.
&nbsp;
As the cargo division of the world's largest international airline, Emirates SkyCargo plans to operate 21 777 Freighters in the coming years ─ nearly doubling its current fleet of 11 freighters as the carrier continues to expand capacity.
"We're investing in new freighter aircraft to meet surging demand and provide our customers around the world with even more flexibility, connectivity and options to leverage market opportunity," said HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group. "Demand for Emirates' air cargo services has been booming. This reflects Dubai's growing prominence as a preferred and trusted global logistics hub, and also the success of Emirates SkyCargo's bespoke solutions that address the needs of shippers in different industry sectors."
The 777 Freighter can fly farther (9,200 kilometers / 4,970 nautical miles) and carry more freight (102 tonnes) than any other twin-engine cargo jet today. This capability enables operators to fly more freight on more nonstop routes with better operating economics, connecting high-value cargo markets such as the Middle East with the U.S. and Europe.
"Emirates continues to set the direction for our industry and we deeply appreciate the trust they have placed in the Boeing widebody family to serve as the backbone of their global fleet," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "We are proud to support Emirates SkyCargo's growth as it relies on the performance and versatility of our 777 Freighter to further connect the world."

Emirates SkyCargo Expands Fleet With Five New Boeing 777 Freighters, Eyes Growing Global Demand

Property tokenization was gaining traction among cryptocurrency enthusiasts as a novel way to real estate investment, as the broader narrative of putting real-world assets on blockchain rails gathers steam.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-1024x585.png" alt="" class="wp-image-604445" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21022746/image-172.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
What Happened: The <a href="https://www.globalpropertyguide.com/most-expensive-cities">high </a>property prices in major cities like London and New York have made direct property investment increasingly unaffordable, paving the way for tokenized real estate as a viable alternative, according to a Financial Times <a href="https://www.ft.com/content/cf036ebf-6f4e-474f-a1ef-ca7179b712b0">report</a>.
Unlike real estate investment trusts (REITs) that own or finance large clusters of commercial and residential buildings, tokenized real estate allows for small-scale investment in individual properties.
In property tokenization, assets such as houses or hotels are divided into digital tokens that signify ownership. These tokens, which contain details like the asset&#8217;s ownership history and regulatory information, are stored on a blockchain, serving as a digital ledger.
When a real estate asset is fractionalized during tokenization, its liquidity increases. So instead of selling the entire property at once, owners of tokenized sections can sell their tokens fast, resulting in a swift change of ownership.
Additionally, due to blockchain technology, the market remains open 24&#215;7 and with comparatively higher levels of transparency.
It's really the question of convenience because the asset becomes liquid, it becomes tradable 24/7, and a global pool of investors have access to it." Max Dilendorf, a New York-based digital assets lawyer, told FT. 
According to Prophecy Market Insights, the real estate tokenization market was valued at $3.8 billion in 2024 and is <a href="https://www.prophecymarketinsights.com/market_insight/Global-Real-Estate-Tokenization-Market-4857">expected </a>to reach $26 billion by 2034 with a compound annual growth rate (CAGR) of 2.90%.
Some of the biggest players in the industry as of this writing were Lofty, RealT, and HouseBit.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a>
Why It Matters: The rise of property tokenization was part of a larger narrative of real-world asset (RWA) tokenization that has emerged as the hottest cryptocurrency trend this year. 
The world&#8217;s largest asset manager, BlackRock entered the sector with the introduction of its <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39863203/blackrocks-buidl-tokenization-fund-hits-500m-in-assets-under-management">tokenized U.S. Treasury product</a>, BUIDL, built atop Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), earlier this year. The fund <a href="https://app.rwa.xyz/assets/BUIDL">boasted</a> of a market valuation of over $550 million as of this writing, according to Rwa.xyz, a platform that tracks the tokenized asset market.
Anthony Moro, CEO of Provenance Blockchain Labs and a known industry expert, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41330879/tokenization-on-track-to-reach-trillion-dollar-market-by-2030-says-industry-expert">predicted tokenization to become a trillion-dollar market by 2030.</a>
Image generated with DALL_E 3
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Expensive Real Estate Putting You Off From Investing? Blockchain-Backed Property Tokenization Could Be An Alternative — What You Should Know

<ul>
<li>33rd annual Global Business Aviation&nbsp;Outlook&nbsp;projects 8,500 new business jet deliveries valued at&nbsp;$280 billion&nbsp;over the next decade</li>
<li>Purchase plans indicate that demand for new aircraft is normalizing at an elevated level, significantly above pre-pandemic figures</li>
<li>Aircraft utilization is projected to increase with vast majority of operators planning on flying more or the same as they did this year</li>
<li>
Key findings in the 2024 Honeywell Global Business Aviation&nbsp;Outlook&nbsp;include:
</li>
<li>New business jet deliveries in 2025 are expected to be&nbsp;12%&nbsp;higher than in 2024. Expenditures are expected to be&nbsp;11%&nbsp;higher.</li>
<li>Five-year purchase plans for new business jets are comparable with last year&#39;s survey and equivalent to&nbsp;18%&nbsp;of the current fleet. Fleet additions are consistent with results from a year ago at&nbsp;3%&nbsp;of the fleet, which is in line with historical industry performance.</li>
<li>More than&nbsp;90%&nbsp;of those surveyed expect to fly more or about the same&nbsp;in 2025 than in 2024.</li>
<li>Large jets are expected to account for about two-thirds of all expenditures of new business jets in the next five years, consistent with last year&#39;s results.</li>
<li>82%&nbsp;of respondents consider &quot;Performance&quot; among their top three most important criteria when purchasing their next aircraft. &quot;Cost&quot; was second at&nbsp;60%.</li>
</ul>

Reported Sunday, Honeywell's Global Business Aviation Outlook Shows Elevated Demand For 8,500 Jets, $280B Market Growth

<ul>
<li>Extension Follows Growth In Cross-Border Payments</li>
<li>Company Named World&#39;s Best Bank for FX Payments</li>
</ul>

Bank of America Extends Guaranteed FX Rates To 1 Year, Simplifying Cross-Border Payment Risk Management

With the introduction of these new LC systems, Agilent is revolutionizing the LC user experience. These systems significantly enhance task automation, connectivity, predictive feedback, and error reduction. The innovative built-in sample tracking, utilizing barcoding and camera technologies ensures the elimination of sample mix-ups, providing users with greater accuracy and peace of mind.

Agilent Transforms HPLC With Launch Of Infinity III LC Series, Featuring Automation, Connectivity And Sustainability Capabilities

-&nbsp;Recommendation based on NEURO-TTRansform Phase 3 results showing WAINZUA demonstrated consistent and sustained benefit improving neuropathy impairment and quality of life versus placebo

IONS

Ionis And AstraZeneca's WAINZUA Recommended For EU Approval As First Self-Administered Treatment For hATTR-PN

Zions Bancorporation, National Association (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) will release earnings results for its third quarter, after the <a href="https://pro.benzinga.com/dashboard">closing bell on Monday, Oct. 21</a>.
Analysts expect the Salt Lake City, Utah-based company to report quarterly earnings at $1.17 per share, up from $1.13 per share in the year-ago period. Zions Bancorporation projects to report revenue of $778.86 million for the quarter, according to data from <a href="https://www.benzinga.com/quote/ZION/earnings">Benzinga Pro</a>.
On Sept. 23, Zions Bancorp's division CB&amp;T entered into agreement to acquire four branch locations in Palm Desert and Indio from FirstBank.
Zions Bancorporation shares gained 0.4% to close at $51.25 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/TJX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4054351b9b00018beea5/steven-alexopoulos">JP Morgan analyst Steven Alexopoulos </a>maintained a Neutral rating and cut the price target from $58 to $54 on Oct. 9. This analyst has an accuracy rate of 70%.</li>
<li>Evercore ISI Group analyst John Pancari maintained an Outperform rating and cut the price target from $58 to $56 on Oct. 2. This analyst has an accuracy rate of 62%.</li>
<li>Morgan Stanley analyst Ken Zerbe upgraded the stock from Underweight to Equal-Weight with a price target of $54 on Sept. 30. This analyst has an accuracy rate of 71%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59009b5a0bd9910001e5f2ab/jennifer-demba">Truist Securities analyst Jennifer Demba</a> maintained a Hold rating and cut the price target from $54 to $52 on Sept. 20. This analyst has an accuracy rate of 80%.</li>
<li>Jefferies analyst Ken Usdin maintained a Hold rating and slashed the price target from $51 to $49 on Sept. 11. This analyst has an accuracy rate of 70%.</li>
</ul>
Considering buying ZION stock? Here&#8217;s what analysts think:
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Zions Bancorp Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

JAB today announced that it agreed to acquire Mondelez&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) 86 million shares in JDE Peet&#39;s (EURONEXT: JDEP) for &euro;25.10 per share. Additionally, JAB has distributed shares of JDE Peet&#39;s to more than 70 limited partners of JAB Consumer Partners (JCP), significantly increasing the free float of JDE Peet&#39;s. This is the final distribution of JDE Peet&#39;s shares to JCP investors.

MDLZ

JAB Acquires Mondelez's Stake In JDE Peet's At €25.10/Share, Boosts Free Float With Investor Distribution

The Partners Group-backed KinderCare sold 24 million shares for $24 each this past Tuesday. Meanwhile, a new trio of biotech companies' shares came to market on Friday, as Upstream Bio, CeriBell, and Camp4 Therapeutics each made their public debut.

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