iShares Trust iShares Russell 2500 ETF (BATS: SMMD)

Latest news for iShares Trust iShares Russell 2500 ETF (BATS:SMMD)

iShares Trust iShares Russell 2500 ETF

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The Fund seeks to achieve its investment objective by investing a substantial portion of its assets in the Underlying Fund. However, BFA is not required to invest any portion, or any particular percentage, of the Fund's assets in the Underlying Fund. BFA uses an indexing approach to try to achieve the Fund's investment objective.

Ishares Russell 2000 Index ETF

Vistra Corp Common Stock Usd 0.01

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Deckers Outdoor Corp

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iShares Russell 2500 ETF

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SMMD

On CNBC’s &#34;Halftime Report Final Trades,&#34;  Shannon Saccocia of Boston Private named  Danaher Corporation (NYSE: DHR) as 

Danaher, NextEra Energy, Paramount Global, AbbVie And This Mid-Cap ETF On CNBC&#39;s &#39;Final Trades&#39;

<a href="https://www.reuters.com/markets/deals/india-sends-100-antitrust-queries-reliance-disney-85-bln-merger-sources-say-2024-07-22/" title="https://www.reuters.com/markets/deals/india-sends-100-antitrust-queries-reliance-disney-85-bln-merger-sources-say-2024-07-22/">https://www.reuters.com/markets/deals/india-sends-100-antitrust-queries-reliance-disney-85-bln-merger-sources-say-2024-07-22/</a>

GOOG

GOOGL

INDA

India Antitrust Body Sends 100 Questions To Reliance, Disney On $8.5B India Merger; Asks Why YouTube Should Be Considered In Same Market As Other Streaming Services

Needham analyst Ami Fadia initiates coverage on Axsome Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) with a Buy rating and announces Price Target of $130.

Price Target

Initiation

Analyst Ratings

AXSM

Needham Initiates Coverage On Axsome Therapeutics with Buy Rating, Announces Price Target of $130

Wedbush analyst Nick Setyan downgrades Chuy's Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) from Outperform to Neutral and lowers the price target from $38 to $37.5.

Downgrades

CHUY

Wedbush Downgrades Chuy's Holdings to Neutral, Lowers Price Target to $37.5

Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and National Airlines announced today the global carrier has committed to place its first order for four 777 Freighters. Currently the longest-range twin-engine freighter with unrivaled payload capacity, the 777 Freighter will help maximize the airline&#39;s commercial cargo service and boost market share across its global operations.
<a href="https://mma.prnewswire.com/media/2465975/National_777F_Clouds.html" target="_blank"><img alt="Boeing and National Airlines announced today the carrier has committed to place its first order for four 777 Freighters." src="https://mma.prnewswire.com/media/2465975/National_777F_Clouds.jpg" /></a>
&quot;We are elated by this remarkable order of four Boeing 777 Freighters. This demonstrates our commitment to offering efficient, resourceful, and modern air freight services to support our global customers&#39; increasing transportation demands,&quot; said&nbsp;Christopher Alf, chairman of National Airlines. &quot;The order affirms our fleet growth plan as we enter into the next chapter of National. We sincerely appreciate the support by Boeing and all its associated teams in this journey ahead.&quot;
Once finalized, National Airlines&#39; first direct purchase of Boeing airplanes will be posted to Boeing&#39;s Orders &amp; Deliveries website.
The 777 Freighter can fly farther (9,200 km / 4,970 nmi) and carry more freight (107 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.
&quot;We appreciate National Airlines for its trust in Boeing and the 777 Freighter to grow the carrier&#39;s global fleet and deliver greater value for its customers,&quot; said&nbsp;Stephanie Pope, president and CEO of Boeing Commercial Airplanes. &quot;With its cargo capacity, range and reliability, operators continue to rely on the 777 Freighter to build their future fleets, making it the best-selling freighter of all time.&quot;
The 777 Freighters will join National Airline&#39;s expanding fleet of nine 747-400 freighters. Designed to integrate seamlessly with existing 747 operations, the 777 Freighter allows carriers to easily transfer cargo between the two airplanes to streamline ground logistics and leverage additional cost savings through fleet commonality.
Boeing has delivered more than 270 777 Freighters to date. As the market leader in freighter airplanes, Boeing provides more than&nbsp;90%&nbsp;of the worldwide dedicated freighter capacity, including production and converted airplanes. Over the next 20 years, Boeing&#39;s 2024 Commercial Market&nbsp;Outlook&nbsp;predicts an additional 2,845 freighters will enter service to meet growing global trade and e-commerce.

National Airlines Orders Four Boeing 777 Freighters to Expand Cargo Fleet

<a href="https://www.ft.com/content/a379f414-592f-4469-afeb-dc494709a9f7" title="https://www.ft.com/content/a379f414-592f-4469-afeb-dc494709a9f7">https://www.ft.com/content/a379f414-592f-4469-afeb-dc494709a9f7</a>

AMZN

Financial Times Reported Earlier, Amazon Buys Hammer Horror Home Bray Film Studios In UK Production Push

OUTLOOK:
FY25 traffic is expected to grow 8% (198m to 200m passengers), subject to no worsening Boeing delivery delays.&nbsp; As previously guided, we expect unit costs to rise modestly this year as ex-fuel costs (incl. pay &amp; productivity increases, higher handling &amp; ATC fees and the impact of multiple B737 delivery delays) are substantially offset by our fuel hedge savings, and rising net interest income, which widen Ryanair&#39;s cost advantage over its competitors.&nbsp; While Q2 demand is strong, pricing remains softer than we expected, and we now expect Q2 fares to be materially lower than last summer (previously expected to be flat to modestly up).&nbsp; The final H1 outcome is, however, totally dependent on close-in bookings and yields in Aug. and Sept.&nbsp; As is normal at this time of year, we have almost zero Q3 and Q4 visibility, although Q4 will not benefit from last year&#39;s early Easter.&nbsp; It is too early to provide meaningful FY25 PAT guidance, although we hope to be able to do so at our H1 results in Nov.&nbsp; The final FY25 outcome remains subject to avoiding adverse developments during FY25 (especially given continuing conflicts in&nbsp;Ukraine&nbsp;and the&nbsp;Middle East, repeated ATC short-staffing and capacity restrictions, or further Boeing delivery delays).&quot;

Guidance

RYAAY

Ryanair Expects 8% Traffic Growth In 2025, Pending Boeing Deliveries; Unit Costs To Increase Modestly; Q2 Fares To Drop Significantly Compared To Last Summer

Needham analyst Ami Fadia maintains Intra-Cellular Therapies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) with a Buy and raises the price target from $94 to $100.

ITCI

Needham Maintains Buy on Intra-Cellular Therapies, Raises Price Target to $100

Keefe, Bruyette &amp; Woods analyst Bose George downgrades Mr. Cooper Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) from Outperform to Market Perform and maintains the price target from $95 to $95.

COOP

Keefe, Bruyette & Woods Downgrades Mr. Cooper Gr to Market Perform, Maintains Price Target to $95

Keefe, Bruyette &amp; Woods analyst George Bose downgrades PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) from Outperform to Market Perform and maintains the price target from $102 to $102.

PFSI

Keefe, Bruyette & Woods Downgrades PennyMac Financial Servs to Market Perform, Maintains Price Target to $102

Shares of Tellurian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) rose sharply in today's pre-market trading after Woodside Energy announced plans to acquire the company for $900 million <a href="https://www.benzinga.com/quote/TELL/news">in all-cash deal</a>.
The implied enterprise value is around $1,200 million.
Tellurian shares jumped 65% to $0.9422 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) rose 43.8% to $0.1495 in pre-market trading after jumping more than 12% on Friday. Netcapital, last week, announced the launch of the beta version of its secondary trading platform.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) gained 36.8% to $10.33 in pre-market trading. Serve Robotics shares jumped 187% on Friday after Nvidia in a Form4 filing disclosed a stake in the company.</li>
<li>Richtech Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) shares climbed 29.2% to $1.90 in pre-market trading after gaining around 228% on Friday.</li>
<li>CISO Global Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) gained 28.6% to $0.7653 in pre-market trading. CISO Global announced a comprehensive solution to mitigate impact of recent security incident involving CrowdStrike and Microsoft.</li>
<li>NuZee, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUZE#NASDAQ">NUZE</a>) shares gained 21.8% to $1.34 in pre-market trading.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) gained 18.7% to $0.3798 in pre-market trading.</li>
<li>TuanChe Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) shares gained 16.8% to $1.80 in pre-market trading after falling 6% on Friday.</li>
<li>Twin Vee Powercats Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) rose 15.3% to $0.5590 in pre-market trading. Twin Vee PowerCats, last week, named Karl Zimmer as President.</li>
<li>OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) shares surged 14.5% to $49.99 in pre-market trading. The company, last week, posted downbeat quarterly sales.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) shares fell 23.4% to $0.41 in pre-market trading after surging 76% on Friday.</li>
<li>Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares fell 12.2% to $0.2010 in pre-market trading after gaining around 25% on Friday.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 11.6% to $101.10 in pre-market trading after the company said profits dipped 46% to 360 million euros (£303 million) for the three months to June 30.</li>
<li>Stronghold Digital Mining Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDIG#NASDAQ">SDIG</a>) shares declined 11.3% to $3.61 in pre-market trading after gaining over 9% on Friday.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) shares fell 9.8% to $0.1531 in pre-market trading after dipping around 22% on Friday.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) fell 9.8% to $0.60 in pre-market trading. Novo Integrated Sciences shares gained 10% on Friday after the company announced that it received notice of the commencement of disbursement for the complete monetization of a Standby Letter of Credit and monetization program.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) shares declined 8.6% to $0.33 in pre-market trading after falling 8% on Friday.</li>
<li>Virios Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) fell 8.4% to $0.2306 in pre-market trading after declining over 4% on Friday.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) shares dipped 7.1% to $1.70 in pre-market trading after falling around 25% on Friday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.</li>
<li>NKGen Biotech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKGN#NASDAQ">NKGN</a>) shares fell 7% to $1.11 in pre-market trading after gaining 7% on Friday. NKGen Biotech, last week, announced it will present new SNK01 biomarker data at the Alzheimer&#8217;s Association International Conference.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39876573/verizon-sap-and-3-stocks-to-watch-heading-into-monday">Verizon, SAP And 3 Stocks To Watch Heading Into Monday</a></li>
</ul>

Pre-Market Outlook

Movers

CISO

NCPL

NKGN

NUKK

NUZE

NVOS

ONCO

PRTG

SDIG

SERV

SLRX

TELL

VEEE

VIRI

XCUR

Why Tellurian Shares Are Trading Higher By Around 65%; Here Are 20 Stocks Moving Premarket

Goldman Sachs analyst Susan Maklari downgrades Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) from Buy to Neutral and lowers the price target from $180 to $174.

Goldman Sachs Downgrades Lennar to Neutral, Lowers Price Target to $174

Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares gained <a href="https://benzinga.grsm.io/register174">in premarket trading </a>on Monday, rising along with the index futures, which are priming for a modestly to moderately higher open.
The gain by the publicly-listed media firm owned by former President Donald Trump comes after the developments over the weekend, which saw presumptive Democratic nominee and President Joe Biden announcing his decision to quit the race. The president endorsed Vice President Kamala Harris, who was his running mate, for the presidency. Most Democrats have thrown their weight behind her.
Former President Bill Clinton and his wife and former presidential nominee Hillary Clinton have endorsed Harris. On the other hand, former President Barack Obama is in favor of an open nomination at the Democratic party&#8217;s convention. &#8220;We will be navigating uncharted waters in the days ahead. But I have extraordinary confidence that the leaders of our party will be able to create a process from which an outstanding nominee emerges,&#8221; he said in a statement.
As the Democratic camp goes about a turbulent period, the advantage is clearly with Trump despite his criminal lawsuits, his age and voters not really warming up to him. 
See Also:<a href="https://www.benzinga.com/money/best-social-media-stocks"> Best Social Media Stocks</a>
Trump has a majority 64.9% stake in TMTG, which owns the Truth Social platform, thanks to the 114.7 million shares he owns in the company. The company went public on March 26 following the consummation of its long-delayed merger with the SPAC, Digital World Acquisition Corp.
Since then the stock has had a volatile ride and traded between a high and low of $79.38 (post-SPAC merger high) and $22.55 (Apr. 16).
The stock spiked higher, topping the $40 mark after the June 26 debate, before retracing some of the gains. It made a renewed push higher amid the failed <a href="https://www.benzinga.com/markets/equities/24/07/39767334/trump-media-technology-djt-surges-over-60-pre-market-whats-driving-the-rally">assassination attempt on Trump</a> at a campaign rally in Pennsylvania on July 13. The stock went past $46 on July 15.
In premarket, the stock rose 1.97% to $35.68, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/07/39874057/biden-drops-out-of-2024-race-in-bombshell-announcement-it-has-been-the-greatest-honor-of-my-life">Biden Drops Out Of 2024 Race In Bombshell Announcement: &#8216;It Has Been The Greatest Honor Of My Life To Serve As Your President&#8217;</a></li>
</ul>
Image via Shutterstock

Trump Media & Technology (DJT) Stock Rises In Premarket On Monday: What's Going On

Goldman Sachs analyst Eric Sheridan initiates coverage on Webtoon Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBTN#NASDAQ">WBTN</a>) with a Buy rating and announces Price Target of $62.

WBTN

Goldman Sachs Initiates Coverage On Webtoon Entertainment with Buy Rating, Announces Price Target of $62

Goldman Sachs analyst Neil Mehta initiates coverage on Talos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TALO#NYSE">TALO</a>) with a Buy rating and announces Price Target of $14.

TALO

Goldman Sachs Initiates Coverage On Talos Energy with Buy Rating, Announces Price Target of $14

BMO Capital analyst Tristan Thomas-Martin initiates coverage on Driven Brands Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRVN#NASDAQ">DRVN</a>) with a Market Perform rating and announces Price Target of $14.

DRVN

BMO Capital Initiates Coverage On Driven Brands Hldgs with Market Perform Rating, Announces Price Target of $14

Renowned economist Mohamed El-Erian has expressed his views on the potential impact of President Joe Biden&#8216;s decision to exit the presidential race on US stock futures.
What Happened: In a post on X on Monday, El-Erian stated that opinions are likely to vary on how the news will influence U.S. stock futures. Some may perceive this as an indication of greater policy uncertainty post the November elections, while others might believe that the markets have already factored in the news. And a few others are likely to view this as a &#8220;short-term distraction for markets at best.&#8221;
&#8220;All this is to say that there is genuine uncertainty on how markets will – AND should – react to the news.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Views are likely to differ on how the news of President Biden dropping out of the presidential race will impact US stock futures when they start trading later this afternoon (and beyond). I suspect that … Some will interpret this as implying greater uncertainty on what can be…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1815091547739709783?ref_src=twsrc%5Etfw">July 21, 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/24/07/39872368/mark-cuban-says-trumps-re-election-wont-impact-bitcoins-price-dogecoin-killer-shiba-inus-b?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says Trump&#8217;s Re-Election Won&#8217;t Impact Bitcoin&#8217;s Price, &#8216;Dogecoin Killer&#8217; Shiba Inu&#8217;s Burn Rate</a>
Why It Matters: El-Erian&#8217;s comments come in the context of President Biden&#8217;s declining economic approval ratings. According to a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37062522/el-erian-thinks-bidens-economic-woes-could-be-self-inflicted-as-trump-gains-ground-">February 2024 poll</a>, 42% of registered voters preferred Donald Trump over Biden for steering the economy, giving Trump an 11-point lead.
In May, El-Erian highlighted<a href="https://www.benzinga.com/news/24/05/38780665/mohamed-el-erian-highlights-voter-concerns-over-inflation-income-and-housing-costs-in-latest-poll-im"> inflation as a major challenge</a> for Biden&#8217;s potential reelection, with 58% of voters disapproving of his handling of the economy. This disapproval had increased from 55% the previous month.
Despite Biden&#8217;s <a href="https://www.benzinga.com/general/politics/24/07/39731800/biden-cheers-inflation-progress-rate-cut-chorus-grows-louder-among-5-economists-this-is-just-wha">recent celebration of progress</a> in fighting inflation, economists predict that the Federal Reserve will soon begin cutting interest rates following cooler-than-expected inflation reports.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39871849/analyst-predicts-bitcoin-to-soar-by-83-but-theres-one-major-catch-were-going-to-get-that-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Analyst Predicts Bitcoin To Soar By 83%, But There&#8217;s One Major Catch: &#8216;We&#8217;re Going To Get That Continuation As Long As &#8230;&#8217;</a></li>
</ul>
Image 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>

Analyst Color

Politics

General

Mohamed El-Erian On Biden's Withdrawal From Presidential Race: 'There Is Genuine Uncertainty On How Markets Will - And Should- React To The News'

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and Kratos Turbine Technologies, a division of Kratos Defense &amp; Security Solutions, Inc., signed a Memorandum of Understanding to partner on the development and production of small affordable engines that could potentially power unmanned aerial systems (UAS), collaborative combat aircraft, and similar applications. The partnership builds on an existing joint development agreement and includes full-scale engine production.
For the last year, GE Aerospace and Kratos have been working together on a small affordable engine. The engine initially was developed and ground tested by Kratos. Under the existing joint agreement, GE Aerospace and Kratos completed additional development efforts and are now conducting tests on the engine. The team plans to continue development on the current engine, which will undergo altitude testing next year at GE Aerospace&#39;s test cell in&nbsp;Evendale, Ohio.
Amy Gowder, President and CEO, Defense &amp; Systems at GE Aerospace said, &quot;Our defense customers have a growing interest in small affordable engines to meet their evolving mission requirements. Our initial collaboration has been very successful, and this agreement furthers our efforts in this new dynamic military segment.&quot;
Eric DeMarco, President &amp; CEO of Kratos Defense &amp; Security Solutions, Inc., said, &quot;Kratos has made significant investments in the development of our family of small, low-cost jet engines for jet powered drones, missiles, and powered munitions that lead in technology and capability. We consider our relationship with GE Aerospace as invaluable based on our expectation and forecast for the potential future production of thousands of turbofan engines for multiple customers.&quot;
Each company brings unique expertise to the partnership.&nbsp;Kratos has more than 20 years of experience in the development and production of small affordable jet engines for UAS, drones, and missiles. GE Aerospace has more than 100 years of experience in the development and scaling up of high-volume production for jet engine programs for a seamless transition from development to production.

Government

Regulations

KTOS

GE Aerospace and Kratos Partner to Develop Small Engines for Military Drones

Ryanair Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) reported quarterly earnings of $1.69 per share which missed the analyst consensus estimate of $2.86 by 40.8 percent. This is a 46.25 percent decrease over earnings of $3.15 per share from the same period last year. The company reported quarterly sales of $3.904 billion which missed the analyst consensus estimate of $4.260 billion by 8.37 percent. This is a 1.84 percent decrease over sales of $3.977 billion the same period last year.

Earnings

Earnings Misses

Ryanair Holdings Q1 2025 GAAP EPS $1.69 Misses $2.86 Estimate, Sales $3.904B Miss $4.260B Estimate

<a href="https://www.bloomberg.co.jp/news/articles/2024-07-22/SGZWUZT0AFB400" title="https://www.bloomberg.co.jp/news/articles/2024-07-22/SGZWUZT0AFB400">https://www.bloomberg.co.jp/news/articles/2024-07-22/SGZWUZT0AFB400</a>

Asset Sales

Bloomberg Reported Earlier, Hitachi and Johnson Controls International Are Finalizing The Sale Of Their Joint Venture, Which Handles Home Air Conditioners And Other Air Conditioning Products, To Germany's Robert Bosch

Amid criticism that the <a href="https://www.benzinga.com/markets/equities/24/07/39854612/windows-pcs-crash-worldwide-with-users-experiencing-blue-screen-of-death-issue-crowdstrike-updat">CrowdStrike issue</a> wouldn't have happened with Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) macOS, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has clarified that a prior agreement with the European Commission it is legally unable to adopt the same security measures as Cupertino.
What Happened: Following the CrowdStrike incident, Satya Nadella-led company&#8217;s spokesperson explained that as part of this agreement, Microsoft committed to providing security software makers with the same level of access to Windows as it has.
This is far unlike what Apple is able to do with macOS, where it does not have to adhere to these restrictions. As a result, privileged access to a very critical component of the operating system – the kernel – is off-limits to third-party software makers.
Microsoft's Chief Communications Officer, Frank X Shaw, highlighted this in a post on X, formerly Twitter.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">from the article: A Microsoft spokesman said it cannot legally wall off its operating system in the same way Apple does because of an understanding it reached with the European Commission following a complaint. In 2009, Microsoft agreed it would give makers of security software…
&mdash; Frank X. Shaw (@fxshaw) <a href="https://twitter.com/fxshaw/status/1814894383982125496?ref_src=twsrc%5Etfw">July 21, 2024</a></blockquote>
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</figure>
Microsoft's agreement with the European Commission <a href="https://news.microsoft.com/download/archived/presskits/eu-msft/docs/MicrosoftInteroperabilityUndertaking16Dec2009.doc">states</a> that it is obligated to provide application programming interfaces (APIs) to security software makers with the same privileges as the Windows maker.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
On the other hand, Apple is not bound by these restrictions. In fact, in 2020, the company <a href="https://support.apple.com/en-us/HT210999">took</a> away kernel-level access because they are not "as secure or reliable" as their modern alternatives.
See Also: <a href="https://www.benzinga.com/news/24/07/39870313/microsoft-crowdstrike-issue-caused-largest-it-outage-in-history-showing-how-much-we-depend-on-a-hand">Microsoft-CrowdStrike Issue Caused &#8216;Largest IT Outage In History,&#8217; Showing How Much We Depend On A Handful Of Companies</a>
Why It Matters: This revelation comes in the wake of a series of technical issues that have plagued Microsoft.
A defective update from cybersecurity firm CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) caused <a href="https://www.benzinga.com/markets/equities/24/07/39854612/windows-pcs-crash-worldwide-with-users-experiencing-blue-screen-of-death-issue-crowdstrike-updat">Windows PCs worldwide to crash</a>, displaying the infamous Blue Screen of Death (BSOD.)
This incident coincided with a widespread <a href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country">outage of Microsoft&#8217;s cloud services</a>, which disrupted the operations of banks, airlines, and broadcasters globally.
The faulty update from CrowdStrike was later <a href="https://www.benzinga.com/news/24/07/39875506/crowdstrikes-faulty-microsoft-windows-update-gets-slammed-by-us-cybersecurity-official-was-a-huge-de">criticized by a leading U.S. cybersecurity official</a> as a &#8220;serious mistake&#8221; with significant impacts on critical infrastructure operations worldwide.
The issue also <a href="https://www.benzinga.com/news/24/07/39870321/tesla-ceo-elon-musk-blasts-satya-nadella-after-microsoft-crowdstrike-issue-takes-down-millions-of-co">drew the ire of</a> Tesla Inc. CEO Elon Musk, who blasted Microsoft CEO Satya Nadella for the disruption caused to the global automotive supply chain.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39859372/fbi-reportedly-used-israel-based-security-firms-unreleased-technology-to-crack-trump-shooters-phone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">FBI Reportedly Used Israel-Based Security Firm's Unreleased Technology To Crack Trump Shooter's Phone</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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