Simplify Exchange Traded Funds Simplify Short Term Treasury Futures Strategy ETF (ARCA: TUA)

Latest news for Simplify Exchange Traded Funds Simplify Short Term Treasury Futures Strategy ETF (ARCA:TUA)

Simplify Exchange Traded Funds Simplify Short Term Treasury Futures Strategy ETF

The Fund is an actively managed exchange-traded fund (ETF) that seeks to provide total return, before fees and expenses, that matches or outperforms the performance of the ICE US Treasury 7-10 Year Bond Index (the Index) for a calendar quarter, not for any other period. While the Fund is not an index fund, it may invest in some of the constituents of the Index. Under normal circumstances, the Fund invests primarily in futures contracts, call options, and put options on U.S. Treasury futures, U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury or fixed income ETFs that invest in U.S. Treasuries. The Fund will hold cash and cash-like instruments or high-quality short term fixed income securities (collectively, Collateral). The Collateral may consist of (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury with a duration of less than two years; (2) money market funds; (3) fixed income ETFs; or (4) corporate debt securities, such as commercial paper and other short-term unsecured promissory notes issued by companies that are rated investment grade or of comparable quality. The adviser considers an unrated security to be of comparable quality to a security rated investment grade if it believes it has a similar low risk of default.

Simplify Short Term Treasury Futures Strategy ETF

Tuas Ltd

TuanChe Limited - American Depositary Shares

TuanChe Ltd

WIIM

Simpson Manufacturing shares are trading lower after the company reported worse-than-expected Q2 financial results.

SOLV

Solventum shares are trading higher following a report suggesting Trian has built a stake in the company.

Molina Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) has outperformed the market over the past 10 years by 9.91% on an annualized basis producing an average annual return of 20.82%. Currently, Molina Healthcare has a market capitalization of $16.97 billion. 
Buying $1000 In MOH: If an investor had bought $1000 of MOH stock 10 years ago, it would be worth $6,555.00 today based on a price of $289.60 for MOH at the time of writing.
<h3>Molina Healthcare's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721680229_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $6,600 Today

Warner Bros. Discovery's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NYSE">WBD</a>) short percent of float has risen 7.45% since its last report. The company recently reported that it has 128.73 million shares sold short, which is 5.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Warner Bros. Discovery Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721680225_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Warner Bros. Discovery has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Warner Bros. Discovery's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Warner Bros. Discovery's peer group average for short interest as a percentage of float is 6.79%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Warner Bros. Discovery's Recent Short Interest

Alcoa's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) short percent of float has fallen 5.44% since its last report. The company recently reported that it has 12.09 million shares sold short, which is 8.69% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.46 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Alcoa Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721680219_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Alcoa has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Alcoa's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Alcoa's peer group average for short interest as a percentage of float is 5.28%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Alcoa?

Crown Holdings shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and raised its FY24 EPS guidance above estimates.

Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) has outperformed the market over the past 10 years by 7.24% on an annualized basis producing an average annual return of 18.15%. Currently, Primerica has a market capitalization of $8.60 billion. 
Buying $1000 In PRI: If an investor had bought $1000 of PRI stock 10 years ago, it would be worth $5,299.41 today based on a price of $249.92 for PRI at the time of writing.
<h3>Primerica's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721680215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Primerica 10 Years Ago Would Be Worth Today

Molina Healthcare's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) short percent of float has risen 6.07% since its last report. The company recently reported that it has 1.71 million shares sold short, which is 3.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.27 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Molina Healthcare Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721680214_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Molina Healthcare has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Molina Healthcare's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Molina Healthcare's peer group average for short interest as a percentage of float is 4.14%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Molina Healthcare's Recent Short Interest

Tesla CEO <a href="https://www.benzinga.com/news/24/07/39854007/trump-says-he-will-end-the-electric-vehicle-mandate-on-day-one-days-after-tesla-ceo-elon-musks-endor">Elon Musk</a> had the world buzzing with excitement over the announcement of his new Robotaxi, but delay after delay caused Tesla's stock price to plummet. Let&#8217;s make one thing very clear: the world is ready for the Robotaxi, and they need it now. Here's what happened.&nbsp;
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In April this year, tech giant entrepreneur Elon Musk announced on his social media platform X that the Robotaxi would arrive on Aug. 8, 2024. During the company's earnings report, Tesla released a sneak peek of what to expect, and it was fair to say it captured the world's attention. On five big screens, Tesla revealed some key features of the long-gestating Robotaxi that comes with an app similar to Uber but with Tesla's unique style. The autonomous vehicle is currently being built on Tesla's next-generation vehicle platform and is part of the "Tesla Network."&nbsp;
Musk revealed that the taxis operated by <a href="https://www.benzinga.com/news/24/07/39854420/tesla-hikes-prices-by-2-000-on-model-s-x-variants-in-the-us-here-are-the-new-prices">Tesla</a> will be like a "combination of Airbnb and Uber" and that customers can also use these cars. Musk explains, "There will be a bunch of cars where they're owned by the end user," he added, "But that end user can add or subtract their car to the fleet whenever they want." By doing this, Musk has created an opportunity for Tesla vehicle owners to generate income while at work or on vacation, capturing many people's attention. During the first quarter earnings call, Musk explained his belief about this revolutionary passenger-hailing idea, "in the future, gasoline cars that are not autonomous will be like riding a horse and using a flip phone."&nbsp;
Trending: General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50 per share.</a>
But so far, that's been it, and Musk has not released any further details until now. His August 8 announcement on X helped Tesla&#8217;s shares rise by 4.9% that day and 60% just two days later.&nbsp;
Then Bloomberg News reported that the unveiling of Robotaxi had been pushed from August 8 to October, but no actual date was given. Following Bloomberg's announcement, Tesla's shares dropped 8.4%. However, it wasn't just Tesla that suffered a blow to the stock market. It was also Musk himself. On Thursday, the 11th, the value of his 20.5% stake in Tesla fell from $188.24 billion to $172.34 billion, which was a whopping $16 billion drop. According to The Street, Tesla's stock plummeting was the worst among stocks in the S&amp;P 500 and the Nasdaq-100 Index.&nbsp;
See Also: <a href="https://finance.yahoo.com/news/income-stock-outperformed-p-500-140500842.html">This Income Stock Has Outperformed The S&amp;P 500 For Over A Decade</a>
Bloomberg announced the delay, citing that the team working on the project "needed more time to build additional prototypes." Musk has confirmed the delay and claimed that design changes are the cause of the delay. In a social media post, Musk wrote, &#8220;Requested what I think is an important design change to the front, and extra time allows us to show off a few other things."&nbsp;
But this isn't the first time that Musk and Tesla have made big announcements that have amounted to nothing. Back in 2019, Musk had promised that Tesla would have over a million robotaxis on the road in 2020. Bryant Walker Smith, a University of South Carolina law professor, told Reuters, "Tesla has been playing this game for nearly a decade, promising ‘next year, next year.&#8217;" He pointed out, "And I've seen no indication that Tesla … is on track for a meaningful deployment of the kind of automated driving system that Tesla has consistently promised."&nbsp;
While there's still so much uncertainty about when we'll expect an autonomous Robotaxi, there's no uncertainty that we need them, and Tesla's plummeting stock is proof of that.&nbsp;
Read Next:
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</ul>

Startups

TSLA

We Need Robotaxis, And We Need Them Now: Tesla's Stock Price Plummet Proves It

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/LBUY">Leafbuyer Techs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LBUY#OTC">LBUY</a>) shares closed up 3900.00% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/HERTF">Heritage Cannabis Holding</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HERTF#OTC">HERTF</a>) shares closed up 125.00% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/ACNNF">AusCann Group Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ACNNF#OTC">ACNNF</a>) shares closed up 50.00% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CNGGF">Cann Gr</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNGGF#OTC">CNGGF</a>) shares closed up 37.50% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/CBDY">Target Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBDY#OTC">CBDY</a>) shares closed up 30.59% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/CGC">Canopy Gwth</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shares closed up 17.25% at $8.35</li>
<li><a href="https://www.benzinga.com/quote/CNPOF">RIV Capital</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNPOF#OTC">CNPOF</a>) shares closed up 13.33% at $0.10</li>
<li><a href="https://www.benzinga.com/quote/GRWG">GrowGeneration</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>) shares closed up 13.03% at $2.66</li>
<li><a href="https://www.benzinga.com/quote/CBWTF">Auxly Cannabis Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBWTF#OTC">CBWTF</a>) shares closed up 12.60% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/SNDL">SNDL</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) shares closed up 9.66% at $2.27</li>
<li><a href="https://www.benzinga.com/quote/ACB">Aurora Cannabis</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>) shares closed up 8.87% at $6.25</li>
<li><a href="https://www.benzinga.com/quote/VFF">Village Farms Intl</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) shares closed up 8.33% at $1.17</li>
<li><a href="https://www.benzinga.com/quote/CXXIF">C21 Investments</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CXXIF#OTC">CXXIF</a>) shares closed up 8.20% at $0.26</li>
<li><a href="https://www.benzinga.com/quote/OGI">OrganiGram Holdings</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) shares closed up 7.88% at $1.77</li>
<li><a href="https://www.benzinga.com/quote/UGRO">Urban-gro</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares closed up 7.38% at $1.54</li>
<li><a href="https://www.benzinga.com/quote/GTBIF">Green Thumb Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTC">GTBIF</a>) shares closed up 7.26% at $11.60</li>
<li><a href="https://www.benzinga.com/quote/BMMJ">Body and Mind</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed up 7.21% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/TLRY">Tilray Brands</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) shares closed up 6.70% at $1.92</li>
<li><a href="https://www.benzinga.com/quote/CRLBF">Cresco Labs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>) shares closed up 5.20% at $1.74</li>
<li><a href="https://www.benzinga.com/quote/GENE">Genetic Technologies</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GENE#NASDAQ">GENE</a>) shares closed up 4.35% at $0.78</li>
<li><a href="https://www.benzinga.com/quote/CRON">Cronos Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRON#NASDAQ">CRON</a>) shares closed up 4.20% at $2.49</li>
<li><a href="https://www.benzinga.com/quote/CPHRF">Cipher Pharmaceuticals</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CPHRF#OTC">CPHRF</a>) shares closed up 3.65% at $6.67</li>
<li><a href="https://www.benzinga.com/quote/CNBX">CNBX Pharmaceuticals</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNBX#OTC">CNBX</a>) shares closed up 3.45% at $0.01</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/LMLLF">Pharmadrug</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LMLLF#OTC">LMLLF</a>) shares closed down 31.25% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/TGIFF">1933 Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGIFF#OTC">TGIFF</a>) shares closed down 18.09% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/XXII">22nd Century Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares closed down 9.87% at $0.74</li>
<li><a href="https://www.benzinga.com/quote/ITHUF">iAnthus Capital Hldgs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTC">ITHUF</a>) shares closed down 9.47% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/CWBHF">Charlottes Web Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CWBHF#OTC">CWBHF</a>) shares closed down 9.09% at $0.17</li>
<li><a href="https://www.benzinga.com/quote/CNTMF">Cansortium</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTC">CNTMF</a>) shares closed down 6.00% at $0.14</li>
<li><a href="https://www.benzinga.com/quote/CLSH">CLS Holdings USA</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CLSH#OTC">CLSH</a>) shares closed down 5.89% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/MXC">Mexco Energy</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MXC#AMEX">MXC</a>) shares closed down 5.53% at $11.00</li>
<li><a href="https://www.benzinga.com/quote/BLOZF">Cannabix Technologies</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BLOZF#OTC">BLOZF</a>) shares closed down 5.20% at $0.41</li>
<li><a href="https://www.benzinga.com/quote/FFNTF">4Front Ventures</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>) shares closed down 3.30% at $0.10</li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cannabis

Markets

Movers

ACNNF

BLOZF

BMMJ

CBDY

CANNABIS WHEATON INCOME by Cannabis Wheaton Income Corp.

CBWTF

CLSH

CNBX

CNGGF

CNPOF

CNTMF

CPHRF

CRLBF

CRON

CWBHF

CXXIF

FFNTF

GENE

GRWG

GTBIF

HERTF

ITHUF

LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

LBUY

LMLLF

SNDL

TGIFF

TLRY

UGRO

XXII

Marijuana Stock Movers For July 22, 2024

MSP Recovery, Inc.&nbsp;d/b/a LifeWallet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIFW#NASDAQ">LIFW</a>) ("LifeWallet"&nbsp;or&nbsp;"the Company") announces a new comprehensive settlement with&nbsp;another group of&nbsp;affiliated&nbsp;P&amp;C&nbsp;insurers doing business&nbsp;in&nbsp;multiple&nbsp;states. This most recent settlement is in addition to two previously announced settlements within the past five months with multiple property and casualty insurers ("P&amp;C insurers") that have paved the way for the discovery and potential recovery of improperly paid claims on the part of Medicare Payers, that should have been paid by primary payers.1 These improper payments affect the Medicare Trust Fund. As described by a federal appellate judge, when Secondary Payers "recover efficiently from Primary Payers, the Medicare Trust Fund does achieve cost savings."2
This latest settlement offers a going-forward process to collaboratively and timely resolve future claims and share important historical data that is expected to enhance LifeWallet's claims reconciliation capabilities, identifying claims owned by LifeWallet that it may have a right to recover on, benefiting Medicare plans and downstream entities across the mainland U.S. and Puerto Rico.
Details of the settlement include:
<ul>
<li>The P&amp;C Insurers' agreement to provide ten years of historical data (identifying all claims processed from January 1, 2014, through the effective date)&nbsp;and data sharing of future claims,&nbsp;extending out for one year, assisting LifeWallet in reconciling its current and future assigned Medicare claims to be able to collect on owned claims that are owed as a result of failure to pay or reimburse;</li>
<li>The P&amp;C Insurers'&nbsp;Implementation of LifeWallet's coordination of benefits clearinghouse solution;&nbsp;</li>
<li>A 10-year agreement to resolve cooperatively, or through binding mediation, relevant Medicare claims (liens) that LifeWallet owns today and in the future;&nbsp;</li>
<li>The P&amp;C Insurers' agreement that they are primary payers for any unreimbursed Medicare lien that LifeWallet identifies from data sharing, and the P&amp;C Insurers' agreement to assign all rights to collect against other third parties that either failed to pay liens or collected twice from Medicare funds and the P&amp;C Insurers; and</li>
<li>A cash payment from the P&amp;C Insurers to LifeWallet to settle existing historical claims (amount subject to confidentiality).</li>
</ul>

Contracts

Legal

LIFW

PLTR

LifeWallet Announces New Comprehensive Settlement With A Group of Affiliated Property & Casualty Insurers And Completion Of First Version Of Co's Clearinghouse System Through Its Exclusive Healthcare Partnership With Palantir Technologies; Includes A Cash Payment From The P&C Insurers To LifeWallet To Settle Existing Historical Claims, No Financial Terms Disclosed

Offerings

Verizon Reports Commencement Of Private Offers To Exchange 10 Outstanding Series Of Notes For Up To $2.5B Maturing From 2025 Through 2028

Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) reported financial results for the second quarter after the market close on Monday. Here&#8217;s a look at the <a href="https://www.benzinga.com/pressreleases/24/07/b39892925/cleveland-cliffs-reports-second-quarter-2024-results">key metrics from the quarter</a>.
Q2 Earnings: Cleveland-Cliffs reported second-quarter revenue of $5.1 billion, missing the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $5.1 billion, according to&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported breakeven adjusted earnings, beating analyst estimates for a loss of 2 cents per share.
Steel shipments totaled 4 million net tons&nbsp;in the second quarter. Cash flow from operations was $519 million during the quarter, while free cash flow came in at $362 million.
Cleveland-Cliffs said it repurchased 7.5 million shares under its previously authorized&nbsp;$1.5 billion&nbsp;share repurchase program during the second quarter. The company had total liquidity of $3.7 billion as of June 30.
&#8220;Despite a less-than-ideal steel demand and weak pricing throughout the quarter, Cliffs operated very well. We met our cost reduction target and shipped the tonnage we had planned for. With that, we were able to pay down over $200 million in debt and also return approximately $125 million to our shareholders via share buybacks,&#8221; said Lourenco Goncalves, chairman, president and CEO of Cleveland-Cliffs.
Outlook:&nbsp;Cleveland-Cliffs lowered its full-year 2024 expected capital expenditures range from a range of $675 million&nbsp;to&nbsp;$725 million to a new range of $650&nbsp;million to&nbsp;$700 million. The company also noted that its year-over-year steel unit cost reductions objective of approximately&nbsp;$30&nbsp;per net ton remains on track.
&#8220;Looking forward, we expect to benefit in Q3 from another major step down in costs. Our largest end market — the automotive sector — remains in good shape, and orders from service center customers are expected to increase as seaborne steel imports dry up,&#8221; Goncalves said.
Management will hold a conference call to discuss its quarterly results Tuesday morning at 8:30 a.m. ET.
CLF Price Action: <a href="https://www.benzinga.com/quote/CLF" target="_blank" rel="noreferrer noopener">Cleveland-Cliffs shares</a> were up 3.02% after hours at $15.85 at the time of publication, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next: 
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</ul>
Photo: QinJin from Shutterstock.

Earnings

Guidance

After-Hours Center

Cleveland-Cliffs Reports Mixed Q2 Earnings, Investors Focus On Strong Free Cash Flow Generation, Continued Cost-Cutting Initiative

Peltz's Trian Reportedly Builds Stake In 3M Spinoff Solventum

MEDP

Medpace Holdings shares are trading lower after the company reported mixed Q2 financial results and narrowed its FY24 revenue guidance with its midpoint below estimates.

First United (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUNC#NASDAQ">FUNC</a>) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.66 by 13.64 percent.

Earnings Beats

FUNC

First United Q2 2024 GAAP EPS $0.75 Beats $0.66 Estimate

CPI Aerostructures, Inc. ("CPI Aero&#xAE;" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVU#NYSE">CVU</a>) announced today that it has signed a Long Term Agreement ("LTA") with MST Manufacturing ("MST") during the international air show in Farnborough, UK, for the supply of components in support of its aerostructures production. This LTA will cover CPI Aero's requirements from MST through the end of calendar year 2027.

CPI Aerostructures And MST Manufacturing Sign Long Term Agreement Through 2027

DA Davidson analyst Linda Bolton Weiser maintains Inter Parfums (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPAR#NASDAQ">IPAR</a>) with a Buy and maintains $192 price target.

Price Target

Analyst Ratings

IPAR

DA Davidson Maintains Buy on Inter Parfums, Maintains $192 Price Target

SAP shares are trading higher after the company reported Q2 financial results.

NECB

NorthEast Community Q2 2024 GAAP EPS $0.97

Simplify Short Term Treasury Futures Strategy ETF declares monthly distribution of $0.1000

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