SUIC Worldwide Holdings Stock (OTC: SUIC)

Latest news for SUIC Worldwide Holdings (OTC:SUIC) Stock

SUIC Worldwide Holdings Ltd provides research and development, venture financing for, and investing in private enterprises and the public sector that develops products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. The company works in several new business ventures with a focus on the following fields; Fintech, Food Industry Supply Chain Integration, Global Chain & Franchise Expansion, and Other Supply Chain Integration.

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ABWN

AGTK

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

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Alterity Therapeutics Limited - American Depositary Shares

ATHE

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ARTEMIS THERAPEUTICS INC by Artemis Therapeutics, Inc.

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FINCANNA CAPITAL CORP by Fincanna Capital Corp.

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ICC INTL CANNABIS CORP by ICC Intl Cannabis Corp.

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Stocks That Hit 52-Week Lows On Wednesday

SUIC WORLDWIDE HOLDINGS by SUIC Worldwide Holdings Ltd

SUIC Worldwide Holdings Ltd

Reported Earlier, Bladex Names Annette van Hoorde Chief Financial Officer As Ana Graciela de Mendez Retires

In a strategic move to <a href="https://www.benzinga.com/news/24/10/41443856/tesla-offers-discounts-of-up-to-4k-on-select-model-3-y-vehicles-as-it-looks-to-avert-1st-ever-declin">enhance vehicle sales</a> in the fourth quarter,&nbsp;EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;is leveraging&nbsp;its Tesla Electric utility service. The initiative aims to attract more buyers through a unique incentive.
What Happened: Tesla launched the Tesla Electric service in 2022 to expand its virtual power plant efforts. This service automatically manages electricity transactions for Powerwall owners, offering protection against peak prices.
Currently, Tesla Electric is operational&nbsp;in Texas and the UK,&nbsp;with plans for further expansion.
To boost car sales, Tesla is offering a special incentive.
Customers who purchase a new Tesla vehicle by Dec. 31 can enjoy unlimited overnight charging for just $5 per month for a year. Eligibility requires buyers to reside in a Texas area where they can choose their electricity provider and become new Tesla Electric members.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/technicals/24/11/42071715/lucid-forms-cross-as-gravity-suv-earnings-show-progress?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid Forms Cross As Gravity SUV, Earnings Show Progress</a>
This initiative is part of Tesla&#8217;s strategy to achieve record vehicle deliveries in Q4 2024, targeting over 515,000 units.
The offer comes amidst Tesla's efforts to boost its fourth-quarter delivery numbers. The company is also offering discounts on&nbsp;some inventory vehicles in the U.S.&nbsp;and offers in other offers in geographies&nbsp;<a href="https://www.benzinga.com/tech/24/11/41892379/tesla-offers-a-year-of-supercharging-for-free-in-europe-as-it-chases-record-q4-deliveries-to-outpace-a-slowdown" target="_blank" rel="noreferrer noopener">including Europe.</a>
Why It Matters: Tesla&#8217;s energy segment has <a href="https://www.benzinga.com/news/24/10/41537560/teslas-energy-segment-boom-in-q3-sparks-leadership-changes-veteran-mike-snyder-promoted-as-vp">seen significant growth</a>, with revenues reaching $2.376 billion in Q3 2024, marking a 52% increase compared to the previous year. This growth has led to the promotion of Michael Snyder to Vice President of Energy and Charging.
The energy business achieved a record gross margin of 30.5%, with the Powerwall product seeing record deployments.
In addition, Tesla is offering <a href="https://www.benzinga.com/tech/24/11/42001907/tesla-offers-3-months-of-free-supercharging-fsd-subscription-for-north-american-buyers-till-year-end-to-boost-deliveries">three months of free full self-driving (FSD)</a> subscription and supercharging for North American buyers who&nbsp;take delivery of a new&nbsp;inventory vehicle&nbsp;by the end of the&nbsp;year. This offer extends to Tesla&#8217;s entire lineup, including the newly added Cybertruck.
Tesla&#8217;s sales in China and globally are <a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher">expected to set new records</a> in Q4 2024, but may not be sufficient to avoid a decline in full-year sales. The company needs to deliver at least 514,926 vehicles in the last quarter to surpass its 2023 delivery numbers.
Price Action: Tesla stock gained over 2.1% on Tuesday to close at $346. Year-to-date, the EV giant's stock has gained 39.3%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<a href="https://www.benzinga.com/news/24/10/41508872/elon-musk-apologizes-to-long-suffering-deposit-holders-of-new-tesla-roadster-but-says-the-delay-is-c">Elon Musk Apologizes To &#8216;Long Suffering&#8217; Deposit Holders Of New Tesla Roadster</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tesla

Equities

Tech

TSLA

Tesla Electric Offers Unlimited Overnight Charging For Just $5 A Month As EV Giant Races Toward 500K Sales Target

QDEL

Reported Earlier, QuidelOrtho Prices Secondary Offering Of 8.26M Shares By Carlyle Group

The Agreement sets out the following principal terms for how the parties could work together, which would be further detailed in a master services agreement to be entered into:
<ul>
<li>Pulsar would agree to purchase the Chart carbon capture solution to capture helium and CO2 from Topaz, allowing Pulsar to monetise these products, whilst also reducing its emissions</li>
<li>Under the terms of the agreement, Chart will complete engineering studies and provide helium and CO2 plant and storage recommendations for Pulsar</li>
</ul>

GTLS

PSRHF

Pulsar Helium Partners With Chart Industries To Advance Helium And CO2 Capture At Topaz Project

Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) is set to announce a significant restructuring of its media empire, spinning off most of its cable television networks including MSNBC and CNBC into a separate publicly traded company.
What Happened: The new company, to be led by current NBCUniversal Media Group chairman Mark Lazarus as CEO, will house popular channels including USA, Oxygen, E!, Syfy, and Golf Channel. NBCUniversal will retain control of Bravo, the NBC broadcast network, Peacock streaming service, NBC Sports, and Universal theme parks, <a href="https://edition.cnn.com/2024/11/19/media/comcast-nbcuniversal-cable-spinoff-msnbc/index.html">reported</a> CNN.
The move comes as traditional cable networks face increasing pressure from streaming services. Despite industry headwinds, these channels remain profitable contributors to Comcast&#8217;s bottom line. The spinoff is being positioned as a growth opportunity, with potential for future acquisitions in an industry primed for consolidation.
During a recent investor call, Comcast president Mike Cavanaugh had hinted at the possibility, mentioning plans to evaluate creating &#8220;a new well-capitalized company&#8221; for the cable portfolio networks.
See Also: <a href="https://www.benzinga.com/24/11/42079585/meta-google-and-microsoft-bet-big-on-ai-with-skyrocketing-capex-budgets-but-jensen-huangs-nvidia-poised-to-be-the-biggest-winner-says-analyst-only-game-in-town-with-1-trillion-of-ai-capex">Dan Ives Expects &#8216;Drop The Mic Performance&#8217; Tomorrow From Nvidia: Here&#8217;s Why</a>
Why It Matters: The restructuring notably separates MSNBC and CNBC from NBC News, potentially unwinding years of integration efforts within NBCUniversal&#8217;s news operations. The company is expected to detail its vision for the news division separation in Wednesday&#8217;s formal announcement.
The announcement comes as media companies navigate a rapidly evolving landscape. Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) CEO Bob Iger recently stated his <a href="https://www.benzinga.com/24/11/41999904/disney-ceo-bob-iger-slams-the-brakes-on-new-ma-amid-comcasts-cable-spinoff-we-dont-need-more-assets-to-compete-in-todays-disruptive-media-landscape">company doesn&#8217;t need additional assets</a> to compete effectively, having already consolidated through its 20th Century Fox acquisition.
Industry analysts have long anticipated such a move. &#8220;Investors have yearned for exactly this, or at least something close to it, for years,&#8221; <a href="https://variety.com/2024/tv/news/nbcuniversal-comcast-cable-spinoff-shut-down-warner-discovery-paramount-1236196378/">said</a> Craig Moffett of MoffettNathanson to Variety.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42080933/openai-ceo-sam-altman-reportedly-leading-150m-funding-for-rain-ai-a-startup-top-analyst-calls-one-of-the-legitimate-players-at-the-table-to-challenge-nvidias-ai-chip-dominance">OpenAI CEO Sam Altman Reportedly Leading $150M Funding For Rain AI: Startup Called &#8216;One Of The Legitimate Players At The Table&#8217; To Challenge Nvidia</a></li>
</ul>
Photo via Wikimedia Commons
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

Media

CMCSA

Comcast Plans Major Cable Networks Spinoff, MSNBC And CNBC To Form New Public Company: Report

Duos Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOT#NASDAQ">DUOT</a>) reported quarterly losses of $(0.18) per share which beat the analyst consensus estimate of $(0.25) by 28 percent. This is a 56.1 percent increase over losses of $(0.41) per share from the same period last year. The company reported quarterly sales of $3.24 million which beat the analyst consensus estimate of $2.80 million by 15.64 percent. This is a 111.51 percent increase over sales of $1.53 million the same period last year.

Earnings

DUOT

Reported Earlier, Duos Technologies Group Q3 EPS $(0.18) Beats $(0.25) Estimate, Sales $3.24M Beat $2.80M Estimate

Macro Economic Events

Econ #s

Economics

Germany Producer Price Index (MoM) For October 0.2% Vs. -0.1% Est.; -0.5% Prior

U.K. Producer Price Index Input (MoM) For October 0.1% Vs. 0.5% Est.; -0.5% (Revised) Prior

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the Nasdaq gaining around 1% during the session as investors shrugged off rising geopolitical concerns between Ukraine and Russia. Ukraine launched its first U.S.-made missile strike on a Russian city, while Russian President Vladimir Putin adjusted the nation&#8217;s nuclear doctrine to broaden scenarios for a potential response.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares gained around 5% on Tuesday ahead of its quarterly earnings report, due to be released today. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares also gained 2%, adding around 38% month-to-date.
Shares of Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) rose around 3% on Tuesday after the company posted upbeat quarterly earnings and raised its outlook. Medtronic Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) reported better-than-expected results for its second quarter and raised its outlook.
On the economic data front, housing starts in the U.S. declined by 3.1% to 1.311 million in October versus a revised 1.353 million in the previous month. U.S. building permits declined by 0.6% to an annual rate of 1.416 million in October
Most sectors on the S&amp;P 500 closed on a positive note, with energy, communication services, and consumer discretionary stocks recording the biggest gains on Monday. However, industrials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 121 points to 43,268.94 on Tuesday. The S&amp;P 500 rose 0.40% to 5,916.98, while the Nasdaq Composite gained 1.04% to close at 18,987.47 during Tuesday's session.
Investors are awaiting earnings results from Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 50.1, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 49.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:
<ul>
<li> <a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

NVDA

Nasdaq Gains 1% Ahead Of Nvidia Earnings: Investor Sentiment Improves, Fear & Greed Index Remains In 'Neutral' Zone

U.K. Consumer Price Index (MoM) For October 0.6% Vs. 0.0% Prior

U.K. Consumer Price Index (YoY) For October 2.3% Vs. 2.2% Est.; 1.7% Prior

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) to report quarterly earnings at $2.30 per share on revenue of $25.90 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Target shares rose 0.8% to $157.30 in after-hours trading.</li>
<li>Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) reported better-than-expected earnings for its fourth quarter. The company said it sees first-quarter revenue of $1.265 billion to $1.285 billion and adjusted earnings of $1.65 to $1.71 per share. Keysight shares climbed 9.8% to $166.99 in the after-hours trading session.</li>
<li>Analysts are expecting The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) to post quarterly earnings at $1.09 per share on revenue of $13.95 billion. The company will release earnings before the markets open. TJX shares gained 1.4% to $121.20 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) reported better-than-expected results for its second quarter on Tuesday. The company said it sees third-quarter sales of $505.00 million to 525.00 million, versus market estimates of $505.98 million. La-Z-Boy shares jumped 4.1% to $44.04 in the after-hours trading session.</li>
<li>Analysts expect NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to report quarterly earnings at 75 cents per share on revenue of $33.13 billion after the closing bell. Nvidia shares gained 0.5% to $147.70 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Long Ideas

KEYS

Target, Nvidia And 3 Stocks To Watch Heading Into Wednesday

OpenAI CEO Sam Altman is reportedly leading a $150 million funding round for Rain AI, a semiconductor startup aiming to rival Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in the AI chip market.&nbsp;
What Happened: The funding, which would value Rain AI at around $600 million, follows Altman's participation in the company's $25 million seed round in 2022, <a href="https://nypost.com/2024/11/19/business/sam-altman-seeks-backers-for-ai-chipmaker-to-challenge-nvidia-source/?utm_campaign=nypost&amp;utm_medium=referral">reported</a> the New York Post, citing sources with direct knowledge.
The next funding round is slated to kick off next month. &#8220;He has introduced the company to all his investors for this series B round,&#8221; the sources stated, referring to Altman.
See Also: <a href="https://www.benzinga.com/news/24/07/39766199/sam-altman-backed-startup-aims-to-store-carbon-dioxide-in-rocks-shrinking-decades-long-timeline-to-s">Sam Altman-Backed Startup Aims To Store Carbon Dioxide In Rocks, Shrinking Decades-Long Timeline To &#8216;Single-Digit Months&#8217;</a>
In June 2024, Rain AI bolstered its <a href="https://www.benzinga.com/news/24/06/39543601/apple-chip-veteran-joins-sam-altman-backed-ai-startup-to-lead-hardware-engineering">leadership by hiring former</a> Apple Inc. chip executive Jean-Didier Allegrucci as head of hardware engineering.
Wedbush analyst Dan Ives has described Rain AI as &#8220;one of the legitimate players at the table when it comes to the future of AI and chips.&#8221;
&#8220;There&#8217;s a lot of buzz around everything Rain AI is doing and it's the early days of the AI revolution,&#8221; he said, adding, &#8220;There&#8217;s going to be many players, not just the &#8216;Godfather of AI&#8217; Jensen Huang and Nvidia.&#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">"Rain AI is one of the legitimate players at the table when it comes to the future of AI and chips," Wedbush Analyst Dan Ives told The Post.<a href="https://t.co/H7N9VkadUO">https://t.co/H7N9VkadUO</a> <a href="https://twitter.com/nypost?ref_src=twsrc%5Etfw">@nypost</a> &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f447;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1858942566848172214?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
OpenAI and Rain AI did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Why It Matters: Jensen Huang-led Nvidia is currently the world&#8217;s most valuable company, with a market capitalization of $3.606 trillion.
Analysts anticipate a &#8220;beat-n-raise&#8221; performance in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42068962/nvidia-q3-earnings-preview-analysts-expect-beat-n-raise-on-continued-data-center-strength">Nvidia&#8217;s third-quarter earnings</a>, projecting revenue of $33.12 billion—up sharply from $18.12 billion in the same period last year.
The AI chip giant is set to announce its earnings on Wednesday, Nov. 20.
Although Nvidia&#8217;s new Blackwell AI chips are <a href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers">facing overheating concerns</a>, the company&#8217;s valuation is still anticipated to climb, fueled by the promise of its next-generation AI chip. I/O Fund analyst Beth Kindig predicted Nvidia could reach a <a href="https://www.benzinga.com/markets/equities/24/09/40670634/nvidia-set-to-reach-10-trillion-valuation-as-blackwell-expected-to-propel-chip-maker-with-firewo">$10 trillion valuation</a> in September.
Meanwhile, last month, Altman&#8217;s OpenAI raised over $6.5 billion in new funding, boosting its valuation to $157 billion.
The funding round was led by Thrive Capital and included major tech players such as Nvidia and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). Since 2019, Microsoft has invested about<a href="https://www.benzinga.com/startups/24/10/41556636/microsoft-and-openai-clash-over-14-billion-as-the-ai-leader-converts-to-a-for-profit-business-disrup"> $14 billion in OpenAI</a>.
Price Action: Nvidia shares climbed 4.89% on Tuesday, closing at $147.01, and gained an additional 0.46% in after-hours trading, reaching $147.69 as of this writing, according to data<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener"> from Benzinga Pro.</a>
Image via Shutterstock
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<li><a href="https://www.benzinga.com/news/global/24/11/42054220/economics-professor-doubts-impact-of-dogecoin-inspired-elon-musk-led-department-on-federal-deficit-cites-this-as-major-concern?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Economics Professor Doubts Impact Of Dogecoin-Inspired, Elon Musk-Led Department On Federal Deficit, Cites This As Major Concern</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

OpenAI CEO Sam Altman Reportedly Leading $150M Funding For Rain AI: Startup Called 'One Of The Legitimate Players At The Table' To Challenge Nvidia

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba," "Alibaba Group" or the "Company") today announced the pricing of (i) an offering of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of:
US$1,000,000,000 4.875% notes due 2030 at an issue price per note of 99.838%; US$1,150,000,000 5.250% notes due 2035 at an issue price per note of 99.649%; and US$500,000,000 5.625% notes due 2054 at an issue price per note of 99.712% (collectively, the "USD Notes");
and (ii) an offering of RMB17 billion aggregate principal amount of RMB-denominated senior unsecured notes, consisting of:
RMB8,400,000,000 2.65% notes due 2028 at an issue price per note of 100%; RMB5,000,000,000 2.80% notes due 2029 at an issue price per note of 100%; RMB2,500,000,000 3.10% notes due 2034 at an issue price per note of 100%; and RMB1,100,000,000 3.50% notes due 2044 at an issue price per note of 100% (collectively, the "RMB Notes," and together with the USD Notes, the "Notes").
The offering of the USD Notes is expected to close on November 26, 2024, and the offering of the RMB Notes is expected to close on November 28, 2024, both subject to customary closing conditions.
Alibaba intends to use the net proceeds from the offering of the Notes for general corporate purposes, including repayment of offshore debt and share repurchases.

BABA

Reported Earlier, Alibaba Prices $2.65B And RMB17B Senior Unsecured Notes, With Proceeds Targeting Offshore Debt And Share Repurchases

Buybacks

LNTH

Lantheus Board Authorizes $250M Share Repurchase Program

<ul>
<li>Phase 2 data establish proof-of-concept of efgartigimod SC in myositis</li>
<li>Enrollment to continue in Phase 3 across all three subtypes (IMNM, ASyS, DM) under evaluation in ALKIVIA</li>
<li>Potential for efgartigimod SC to be first targeted approach for myositis patients who have limited treatment options &nbsp;</li>
</ul>

ARGX

argenx Pushes Efgartigimod SC Forward: Phase 2 Data Support Continued Development In Debilitating Myositis Conditions

Financial Outlook
We are increasing our full year bookings outlook to $1,822 - $1,832 million, or 14-15% y/y growth, compared to previous guidance of $1,802 - $1,822 million, or 13-14% y/y growth. This high end of this updated outlook reflects the expectation that 2H bookings will accelerate to 17% y/y, compared to previous guidance of 16%, and y/y bookings growth to exit the year at 18%.
We are also updating our full year revenue outlook to $1,757 - $1,764 million, or 13% y/y, compared to $1,747 - $1,761 million previously.
We expect total revenue in Q4'24 of $457 - $464 million, or 13-15% y/y growth.
For the full year 2024, we now expect non-GAAP total gross margin of approximately 69%, slightly up from the 68-69% previously anticipated with non-GAAP Business Solutions gross margin still to exceed 30%. We also now expect non-GAAP operating expenses to be approximately 49% of revenue for the full year, down from approximately 50% previously.
As a result of our increased bookings expectation for the full year coupled with stable operating costs anticipated, we now expect to generate free cash flow, excluding headquarters costs, of $483 - $488 million, or 27-28% of revenue, in 2024, up from $460 - $470 million, or 26-27% of revenue.
The high end of our increased growth and profitability expectations would allow us to exceed the Rule of 40 this year, a full year ahead of our original plan presented to shareholders. Even with the earlier-than-expected achievement of this target, there is still room for further growth acceleration and ample margin expansion in our financial algorithm for 2025 and beyond.

Guidance

Wix.Com Raises 2024 Outlook: Now Expects Total Bookings Of $1.822B-$1.832B (Prior $1.802B-$1.822B) And Revenue Of $1.757B-$1.764B (Prior $1.747B-$1.761B) Vs. $1.758B Consensus

<ul>
<li>Total bookings in the third quarter of 2024 were $449.8 million, up 16% y/y
<ul>
<li>Creative Subscriptions bookings in the third quarter of 2024 were $326.6 million, up 15% y/y</li>
<li>Business Solutions bookings in the third quarter of 2024 were $123.1 million, up 17% y/y</li>
</ul>
</li>
</ul>

Wix.Com Q3 Bookings Rose 16% YoY To $449.8M; Creative Subscriptions Up 15%, Business Solutions Up 17%

Sen. Cynthia Lummis (R-Wyo.) expressed optimism that certain aspects of the proposed strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve could begin to take shape following President-elect Donald Trump's inauguration ceremony.
What happened: During an interaction on X spaces hosted by asset manager VanEck on Tuesday, the Republican said she was hopeful of things moving in 2025 but stopped short of giving a specific timeline.
Lummis said that certain actions on the proposed bill could be taken even before it gets congressional approval.
"If we win with the schedule that is proposed in the BITCOIN Act, we could just start by using our existing asset forfeiture Bitcoin to fund the first year of it," she stated. "And then start converting our gold certificates to Bitcoin."
<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">I enjoyed discussing digital assets in the upcoming Congress. This will be the most pro-digital asset administration EVER. &#x1f1fa;&#x1f1f8; <a href="https://t.co/yRT1NGyEvd">https://t.co/yRT1NGyEvd</a>
&mdash; Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1859005422478508513?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"Some of what we're proposing could begin to take form right after President Trump raises his hand and is sworn in," the senior senator remarked.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Why It Matters: Lummis <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40087880/cynthia-lummis-unveils-strategic-bitcoin-reserve-legislation-this-is-our-louisiana-purchas">proposed the legislation</a>, called the BITCOIN Act, to create a strategic reserve in Bitcoin to support America&#8217;s balance sheet and address its mounting debt, which topped $35 trillion this year.
The bill outlines a $1 million purchase program to acquire 5% of Bitcoin&#8217;s total supply over five years, with a minimum holding period of 20 years.
The funding for these Bitcoin acquisitions would come from several sources detailed in the bill, including the <a href="https://www.benzinga.com/top-stories/24/07/40066385/strategic-bitcoin-reserve-could-be-paid-for-by-federal-reserve-earnings-and-reevaluating-gold-propos">revaluation of the Federal Reserve banks' gold certificates </a>to their fair market value.
President-elect Trump had previously <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40671868/trumps-bitcoin-strategic-reserve-proposal-will-chip-away-dollars-status-warns-expert-money">advocated for the U.S. to become a &#8220;Bitcoin superpower&#8221;</a> and suggested the creation of a national Bitcoin reserve during a conference.
Bettors on the popular prediction market platform Polymarket <a href="https://polymarket.com/event/will-trump-create-a-national-bitcoin-reserve-in-his-first-100-days?tid=1732081430039">priced in</a> a 35% possibility of Trump creating a Bitcoin reserve.
Price Action: At the time of writing, Bitcoin was exchanging hands at $92,425.03, up 0.92% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: Wikimedia Commons
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42052184/will-shiba-inu-coin-reach-1-cent-by-2025-47-of-benzinga-readers-say">Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say…</a></li>
</ul>

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

Cryptocurrency

Politics

$BTC

Cynthia Lummis Says Strategic Bitcoin Reserve Could Take Shape Soon After Trump 'Raises His Hand And Is Sworn In'

STMicroelectronics Outlines 2027-2028 Financial Model and Path Towards 2030 Ambition
<ul>
<li>Setting an intermediate financial model: ~$18B revenues and 22-24% operating margin in 2027-2028</li>
<li>Reiterating $20B+ revenue ambition and associated financial model, now expected to be reached by 2030</li>
</ul>
&nbsp;
Summary table
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Intermediate model (2027-2028)</td>
<td>$20B Ambition (By 2030)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Revenues</td>
<td>~$18B</td>
<td>$20B+</td>
</tr>
<tr>
<td>Gross Margin</td>
<td>~44-46%</td>
<td>~50%</td>
</tr>
<tr>
<td>Operating Margin</td>
<td>~22-24%2</td>
<td>&gt;30%</td>
</tr>
<tr>
<td>Free Cash Flow1 Margin</td>
<td>~20%2</td>
<td>&gt;25%</td>
</tr>
</tbody>
</table>
</figure>
Financials assume a currency exchange rate of approximately $1.09 = €1.00.

STMicroelectronics Capital Markets Day: Outlines 2027-2028 Financial Model With $18B Revenue Target, 22-24% Margins, And $20B+ Ambition By 2030

Press Releases

IBN Announces Latest Episode of The Bell2Bell Podcast featuring Hank Wang, CEO of SUIC Worldwide Holdings Ltd.

SUIC Worldwide Holdings CEO Hank Wang Outlines Strategic Vision and Growth Milestones in Shareholder Letter

SUIC's I.Hart Group Opens Two Monga Stores in China, Aims for 100 in a Year and Organizes Team Targets Tri-State Area for Major U.S. Expansion

SUIC's IHart Secures Major Contracts with Taiwan French Food Group and Healthcare Giants. Expands Global Reach as US Subsidiary Gets NYC Certification to Deliver Diverse Cuisines and Automated Product Lines in the US

SUIC's Taiwan I.Hart Group Establishes Franchise Headquarters, Expands Wine Brand Retail, Scales Up Operations & Factory Production with New Equipment and Food Product Lines, Growing Distribution Channels and Sales Teams Across All 50 States

SUIC Beneway Welcomes Industry Leader Paul Fetscher as Director - President of Great American Brokerage, Esteemed Speaker, Columnist, and Chair of National Conferences, More Top Talent Joins to Accelerate Beneway's IPO Process

Former Paraguay Vice President Applauds Taiwan's Culinary Excellence at SUIC Partner iHArt's Lifekitchen and Central Kitchen, Eyes Brand Expansion to Paraguay and Global Alliances as US Industry Leaders Push for Nationwide Growth

SUIC's I.Hart Secures Key Distribution Partnerships and Signed Certified JV to Expands to Serve NYC Agencies, Airports, and Schools with Diverse Cuisine and Full Restaurant Supply Line

SUIC's I.Hart Secures Contracts with Taiwan TSMC - Global Leader in Semiconductors and Taiwan Power Company To Cater Employee Meals. Forging Strategic Partnerships with U.S. Restaurant Professionals and Suppliers to Launch Diverse Cuisine and Comprehensive Restaurant Supply Lines Nationwide

SUIC's I.Hart Partners With the World's Largest Channel and Franchisor - Shaxian Snacks Group to Promote Both Shaxian and I.Hart's Taiwanese Products to Its 100,000 Store Channels Globally

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