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Prominent figures in the tech industry, including Marc Andreessen and Palmer Luckey, have leveled accusations of deliberate censorship against Alphabet Inc.&#8217;s Google-owned YouTube.
What Happened: Last week, a social media handle in a post on X, formerly Twitter, accused YouTube of suppressing a full episode featuring Joe Rogan and Donald Trump.
He shared a clip of Rogan saying that despite YouTube rectifying the issue after being contacted, the incident sparked a backlash from Elon Musk, resulting in the episode being hosted on Spotify.
See Also: <a href="https://www.benzinga.com/news/24/10/41616573/ipod-co-creator-tony-fadell-dismisses-chatgpt-type-llms-saying-were-trying-to-make-science-fiction-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">iPod Co-Creator Tony Fadell Dismisses ChatGPT Type LLMs Saying &#8216;We&#8217;re Trying To Make Science Fiction Happen&#8217;</a>
In the clip, Rogan could be heard saying that the situation reflects a level of desperation, as YouTube was unprepared for the popularity of the content. He described it as a &#8220;runaway train&#8221; that YouTube&#8217;s parent company dislikes, attributing this to its ideological opposition to Donald Trump&#8217;s increasing popularity.
Marc Andreessen, general partner of&nbsp;Andreessen Horowitz, supported the post, stating,&nbsp;&#8220;These are not accidents, they are deliberate.&#8221; He further alleged that such censorship has been ongoing for eight years and could have been addressed at any point during that time.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This kind of deliberate censorship has been happening for 8 years. It could have been permanently fixed in any three weeks in that period. It has not been fixed because it is done on purpose. <a href="https://t.co/sqTq46F1Hv">https://t.co/sqTq46F1Hv</a>
&mdash; Marc Andreessen &#x1f1fa;&#x1f1f8; (@pmarca) <a href="https://twitter.com/pmarca/status/1851857733169090843?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
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Palmer Luckey, founder of&nbsp;Oculus&nbsp;and&nbsp;Anduril Industries, also joined the debate, sharing his own experience of YouTube&#8217;s alleged bias.
He said that Anduril&#8217;s YouTube account was banned for years, supposedly for violating the platform&#8217;s policy on promoting harm. Luckey managed to get the account unbanned a few years ago, but he attributed the initial ban to &#8220;TDS-driven&#8221; motives.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">To be fair to them, I finally managed to get our account unbanned a couple years ago by leveraging the new leadership in Google Public Sector, many of whom are veterans! But it was pretty insane to have the most successful unicorn of the year banned, was obviously TDS-driven.
&mdash; Palmer Luckey (@PalmerLuckey) <a href="https://twitter.com/PalmerLuckey/status/1852197826580697297?ref_src=twsrc%5Etfw">November 1, 2024</a></blockquote>
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YouTube did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Why It Matters: Last week,&nbsp;Rogan refuted rumors&nbsp;of YouTube censoring an episode featuring Trump, attributing the temporary disappearance of the YouTube link to a <a href="https://www.benzinga.com/news/24/10/41559292/joe-rogan-refutes-rumors-of-youtube-censoring-trump-podcast-episode-it-should-be-fine-now">glitch in Spotify's upload system</a>.
&nbsp;"There is no issue with YouTube censoring the Trump episode… It should be fine now," Rogan said at the time.
Previously in September, Trump suggested that Google could <a href="https://www.benzinga.com/news/24/09/41079928/trump-vs-google-former-president-alleges-search-engine-bias-says-its-only-showing-bad-stories-about">face legal consequences</a>, alleging that the tech giant is interfering with the <a href="https://www.benzinga.com/general/politics/24/10/41667786/harris-vs-trump-vice-presidents-lead-shrinks-key-demographic-grows-one-week-before-2024-election">upcoming election by manipulating</a> search results.
&#8220;It has been determined that Google has illegally used a system of only revealing and displaying bad stories about Donald J. Trump, some made up for this purpose while, at the same time, only revealing good stories about Comrade Kamala Harris,&#8221; he stated in a post on Truth Social.
In 2023, YouTube <a href="https://www.benzinga.com/news/23/03/31399808/youtube-reinstates-trumps-account-a-sign-of-decreased-risk-or-outright-policy-shift">reinstated Trump&#8217;s account</a> after suspending it in 2021 due to concerns that his posts could incite violence.
Check out more of Benzinga'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:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41621390/google-just-got-fined-in-russia-and-its-more-than-the-worlds-gdp-20-decillion-for-blocking-media?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Just Got Fined In Russia And It&#8217;s More Than The World&#8217;s GDP: $20 Decillion For Blocking Media Content</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Joe Rogan Experience and Wikimedia

News

Politics

Tech

Marc Andreessen, Palmer Luckey Accuse YouTube Of 'Deliberate Censorship' As Trump-Rogan Episode Controversy Rages On: 'These Are Not Accidents'

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) will reportedly pause the production of its <a href="https://www.benzinga.com/topic/ford-f-150-lightning">F-150 Lightning pickup</a> truck for six weeks through the end of the year after Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck took over as the most popular EV truck in the U.S. in the three months through the end of September.
What Happened: The Dearborn-based company will halt F-150 Lightning <a href="https://www.benzinga.com/markets/equities/24/10/41661764/ford-to-halt-f-150-ev-production-for-7-weeks-next-month">production from Nov. 18 to Jan. 6.</a> Ford did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment on the production pause. 
The Lightning pickup truck is up against Tesla&#8217;s Cybertruck in the U.S. While Tesla sold 16,692 Cybertrucks in the third quarter, Ford sold only 7,162 units of the Lightning, according to data from<a href="https://www.benzinga.com/news/24/10/41325252/tesla-cybertruck-leads-the-pack-as-most-popular-ev-truck-in-us-in-q3-outselling-rivals-from-ford-gm"> Kelley Blue Book</a>.
In fact, the Cybertruck even outsold Ford&#8217;s best-selling EV, the Mustang Mach-E, in the quarter.
Why It Matters: Ford sold 23,509 EVs altogether in the last quarter in the U.S., less than Tesla and also General Motors who spurred EV sales with&nbsp;<a href="https://www.benzinga.com/news/24/10/41136007/gms-ev-sales-rise-in-q3-on-the-back-of-new-models-chevrolet-equinox-ev-tops-charts" target="_blank" rel="noreferrer noopener">new EV offerings</a>.
In August, Ford said that it is&nbsp;<a href="https://www.benzinga.com/top-stories/24/08/40496864/ford-scraps-electric-suv-as-it-adjusts-to-lower-electric-vehicle-demand" target="_blank" rel="noreferrer noopener">killing its plans to build a three-row electric SUV</a>, initially slated for production in 2025. The company also postponed its plans for a new electric version of its F-150 pickup to 2027 and said it will start making a new electric commercial van in 2026.
For the third quarter, Ford's EV segment called "Model e" reported an EBIT loss of $1.2 billion after <a href="https://www.benzinga.com/news/24/10/41597865/fords-ev-segment-weighed-down-by-pricing-pressures-competition-ceo-jim-farley-points-out-very-aggres">cost improvements were offset by industrywide pricing pressure</a>, taking its loss this year through the end of September to $3.7 billion. The company now expects a full-year EBIT loss of $5 billion from the segment. 
EBIT refers to earnings before interest and taxes.
Price Action: Ford&#8217;s stock closed 1.7% down on Thursday at $10.29, but rose marginally by 0.2% in premarket trading on Friday. Year-to-date, the automaker&#8217;s shares are down 15.4%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;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:
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<li><a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202" target="_blank" rel="noreferrer noopener">Chinese EV Behemoth BYD Tops Tesla's Revenue For First Time Since 2022 In Q3</a></li>
</ul>

TSLA

Ford F-150 Lightning Pickup Truck Production To Be Halted Temporarily After Tesla's Cybertruck Races Ahead In Q3

2024 OUTLOOK
We first disclose a full-year Outlook annually in February, with quarterly updates. The following Outlook is an update to our previous Outlook in August 2024.
Updated 2024 Outlook Assumptions
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Current</td>
<td>Previous</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Light Vehicle Production (millions of units) &nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>North America</td>
<td>15.4</td>
<td>15.7</td>
</tr>
<tr>
<td>Europe</td>
<td>16.9</td>
<td>17.1</td>
</tr>
<tr>
<td>China</td>
<td>28.9</td>
<td>29.0</td>
</tr>
<tr>
<td>Average Foreign exchange rates: 1 Canadian dollar equals 1 euro equals</td>
<td> U.S. $0.736 U.S. $1.088</td>
<td> U.S. $0.733 U.S. $1.080</td>
</tr>
</tbody>
</table>
</figure>
 Updated 2024 Outlook
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Current</td>
<td>Previous</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Segment Sales &nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Body Exteriors &amp; Structures</td>
<td>$16.8 - $17.2 billion</td>
<td>$17.3 - $17.9 billion</td>
</tr>
<tr>
<td>Power &amp; Vision</td>
<td>$15.1 - $15.4 billion</td>
<td>$15.3 - $15.7 billion</td>
</tr>
<tr>
<td>Seating Systems</td>
<td>$5.6 - $5.8 billion</td>
<td>$5.5 - $5.8 billion</td>
</tr>
<tr>
<td>Complete Vehicles</td>
<td>$5.2 - $5.4 billion</td>
<td>$4.9 - $5.2 billion&nbsp;&nbsp;</td>
</tr>
<tr>
<td>Total Sales</td>
<td>$42.2 - $43.2 billion</td>
<td>$42.5 - $44.1 billion</td>
</tr>
<tr>
<td>Adjusted EBIT Margin(3)</td>
<td>5.4% - 5.5%</td>
<td>5.4% - 5.8%</td>
</tr>
<tr>
<td>Equity Income (included in EBIT)</td>
<td>$80 - $105 million</td>
<td>$100 - $130 million</td>
</tr>
<tr>
<td>Interest Expense, net</td>
<td>Approximately $220 million</td>
<td>Approximately $220 million</td>
</tr>
<tr>
<td>Income Tax Rate(4)</td>
<td>Approximately 23%</td>
<td>Approximately 22%</td>
</tr>
<tr>
<td>Adjusted Net Income attributable to Magna(5)</td>
<td>$1.45 - $1.55 billion</td>
<td>$1.5 - $1.7 billion</td>
</tr>
<tr>
<td>Capital Spending</td>
<td>$2.2 - $2.3 billion</td>
<td>$2.3 - $2.4 billion</td>
</tr>
</tbody>
</table>
</figure>

Guidance

Magna International FY24 Outlook: Revised Sales Outlook At $42.2B-$43.2B (Prior $42.5B-$44.1B) Vs $42.79B Est, Adj. Net Income At $1.45B-$1.55B (Prior $1.5B-$1.7B)

Earnings

Earnings Misses

Magna International Q3 2024 Adj. EPS $1.28 Misses $1.41 Estimate, Sales $10.280B Miss $10.363B Estimate

BWLP

BW LPG Takes Delivery Of Vessel BW Chinook From Avance Gas, Company Issued 1.35M New BW LPG Shares To Avance Gas As Part-consideration For The Vessel

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook has expressed optimism about the <a href="https://www.benzinga.com/news/24/08/40432678/tim-cook-sees-chinas-future-bright-for-apple-describes-china-as-the-most-competitive-in-the-world">company&#8217;s performance in China</a> while refraining from commenting on the potential impact of the economic stimulus.
What Happened: On Thursday, during <a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">Apple&#8217;s fourth-quarter earnings</a> call, Evercore&#8217;s Amit Daryanani questioned Cook about the tech giant&#8217;s growth rates across different regions, particularly China.
In response, Cook acknowledged that Apple&#8217;s performance in China was relatively stable year-over-year, attributing some of the improvement to&nbsp;a sequential improvement in foreign&nbsp;exchange rates.
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41625103/jim-cramer-says-googles-ai-investment-next-year-should-be-fabulous-for-nvidia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Says Google&#8217;s AI Investment Next Year &#8216;Should Be Fabulous For Nvidia&#8217;</a>
He also noted that the installed base of&nbsp;active devices reached an all-time&nbsp;high in the country.
&#8220;We had the top two selling, smartphones in Urban China according to Kantar. The level of new customers that we have buying products like Mac and iPad are well over 50%,&#8221; Cook stated, describing these as &#8220;several positive signs.&#8221;
However, when asked about the potential impact of China&#8217;s economic stimulus, Cook chose not to speculate, stating, &#8220;I&#8217;m not an economist and&nbsp;don&#8217;t want to ad-lib&nbsp;on the effect of it.&#8221;
China&#8217;s economic stimulus, <a href="https://www.benzinga.com/markets/asia/24/09/41003814/chinese-stocks-jump-as-central-bank-unveils-major-stimulus-to-spur-economy-a-step-in-the-right-direc">announced in September</a>, addresses the country&#8217;s ongoing economic challenges, particularly a slowdown driven by weak consumer demand and a struggling property market.
On Tuesday, Reuters reported that China is weighing the approval of more than $1.4 trillion in additional debt next week to support its fragile economy.
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.
Why It Matters: Apple reported fiscal fourth-quarter revenue of $94.9 billion, slightly beating analyst expectations of $94.56 billion. The tech giant posted adjusted earnings of $1.64 per share, coming in above the projected $1.60 per share for the quarter.
This marked the seventh consecutive quarter in which Apple has outperformed analyst expectations on both revenue and earnings, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
The iPhone maker&#8217;s China business showed signs of stabilization, reporting $15.03 billion in revenue compared to $15.08 billion in the previous year.
However, analysts had anticipated a 6.6% growth, projecting $16.08 billion. This report follows four consecutive quarters of declining sales in China.
Last month, it was reported that Apple&#8217;s latest smartphone model, the iPhone 16 saw a <a href="https://www.benzinga.com/government/24/10/41399541/apple-iphone-16-sees-20-sales-surge-in-china-but-ai-absence-prompts-early-price-cuts">20% sales surge in China</a> in its first three weeks, despite the absence of AI features.
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:
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<li><a href="https://www.benzinga.com/news/24/10/41607481/apples-refreshes-mac-mini-smaller-form-factor-m4-chip-power-and-carbon-neutral?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Refreshes Mac Mini: Smaller Form Factor, M4 Chip Power, Carbon Neutral</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AAPL

Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'

FCPT

Reported Earlier, FCPT Adds Three Christian Brothers Automotive Sites In $9.6M Acquisition

Former President Donald Trump has seen a significant decline in his net worth, losing approximately $1.9 billion due to a steep drop in Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) stock.
What Happened: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, DJT shares fell by 11.72%, closing at $35.34 on Thursday. This followed a 22% decline on Wednesday after the stock had reached an intraday high of $54.68 on Tuesday. The reasons for the two-day sell-off remain unclear, but the stock has attracted the attention of speculators and shortsellers.
S3 Partners, a research group, indicated that the surge in DJT shares during October might have been driven by short sellers covering their positions, resulting in a short squeeze. They noted the stock&#8217;s high squeeze risk due to limited float and significant short interest, which is closely linked to Trump&#8217;s election prospects, CBS News <a href="https://www.cbsnews.com/news/trump-djt-stock-down-net-worth-loss/">reported</a> on Thursday.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41619022/trumps-billionaire-ally-plans-to-join-elon-musks-doge-if-named-treasury-secretary-recommen?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Billionaire Ally Plans To Join Elon Musk&#8217;s DOGE If Named Treasury Secretary, Recommends Elimination Of These Subsidies</a>
Trump, the largest shareholder with around 115 million shares in Trump Media, saw his stake&#8217;s value drop from nearly $6.3 billion at Tuesday&#8217;s peak to about $4 billion based on Thursday&#8217;s closing price.
Trump Media and his company are yet to respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> queries.
Why It Matters: The volatility in DJT stock is not new, as it has been highly unpredictable since going public following a SPAC merger. The stock&#8217;s movements are closely tied to Trump&#8217;s 2024 election prospects, with potential outcomes significantly impacting its value. According to a report from S3 Partners, a Trump victory could <a href="https://www.benzinga.com/general/politics/24/10/41630878/djt-short-squeeze-could-push-stock-to-60-if-trump-wins-but-analysis-says-loss-could-make-shares-">push the stock to $60</a>, while a loss might render shares &#8220;worthless.&#8221;
Earlier this week, DJT stock experienced <a href="https://www.benzinga.com/general/politics/24/10/41630878/djt-short-squeeze-could-push-stock-to-60-if-trump-wins-but-analysis-says-loss-could-make-shares-">multiple vola</a><a href="https://www.benzinga.com/government/24/10/41606911/whats-going-on-with-trump-media-technology-stock-on-tuesday">tility halts</a> as prices fluctuated significantly. The stock was halted several times on Tuesday, reflecting its unpredictable nature and the market&#8217;s sensitivity to political developments.
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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>

Equities

Markets

General

Trump Loses $1.9B In Net Worth As DJT Stock Tumbles 2nd Time This Week

Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it delivered 51,443 vehicles in October 2024, up 27.3% year over year. As of October 31, 2024, Li Auto had delivered a total of 393,255 vehicles in 2024, with cumulative deliveries reaching 1,026,619.
Driven by robust sales across its model lineup, the Company remained the sales champion of Chinese automotive brands in the RMB200,000 and above NEV market for seven straight months. In October, the Company achieved a significant milestone with over one million cumulative deliveries, becoming the first Chinese premium automotive brand to reach this landmark. On October 23, the Company rolled out its new autonomous driving architecture, which integrates an end-to-end (E2E) model and a vision-language model (VLM), to Li AD Max users on a full scale.
As of October 31, 2024, the Company had 475 retail stores in 144 cities, 444 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities, and 1,004 super charging stations in operation equipped with 4,910 charging stalls in China.

Li Auto Delivered 51.4K Vehicles In October 2024, Up By 27.3% YoY

<ul>
<li>BC Partners Credit agreed to indirectly acquire a majority stake in Runway Growth Capital LLC, an SEC registered investment adviser, managing approximately $1.4 billion in private credit assets</li>
<li>Mount Logan purchasing the remaining minority stake in Runway through the issuance&nbsp;of $5 million common shares of Mount Logan</li>
<li>Runway focuses on providing $30 to $150 million senior loans to fast-growing North American companies</li>
<li>Mount Logan and BC Partners' investment benefits existing Runway investors through origination channel expansion, augmented capital availability and expanded investment solution capabilities</li>
<li>Mount Logan benefits from the alignment with a best-in-class manager in the high-growth venture lending space, further diversifying Mount Logan's private credit capabilities and positioning the platform for additional asset growth through this new lending vertical</li>
</ul>

RWAY

Reported Earlier, Mount Logan Acquires Minority Stake In Runway Growth Capital For $5M In Shares

XPeng Inc. (("XPENG" or the "Company, NYSE:<a href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its vehicle delivery results for October 2024.
XPENG delivered 23,917 Smart EVs in October 2024, setting a new record for its monthly deliveries and representing growth of 20% year-over-year and 12% over the prior month. For the second straight month, deliveries of XPENG MONA M03 exceeded 10,000 units. For the first ten months of 2024, XPENG delivered 122,478 Smart EVs, a 21% increase from the same period last year.
In October, XNGP‘s monthly active user penetration rate in urban driving reached 86%. At the XPENG Tech Workshop on October 24, 2024, the Company demoed its AI-powered ADAS technology on XPENG P7+ and unveiled its AI Tianji XOS 5.4.0. The Company also announced that the XPENG P7+ will be equipped with end-to-end AI-driven ADAS technology as a standard configuration.

XPEV

XPeng Delivered 23.9K Smart EVs in October 2024, Up By 20% YoY

The units are expected to be listed on The Nasdaq Stock Market LLC ("Nasdaq") and begin trading tomorrow, November 1, 2024, under the ticker symbol "BACQU." Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon the consummation of the Company's initial business combination.

IPOs

BACQU

Reported Earlier, Bleichroeder Acquisition Corp. I Prices $250M Initial Public Offering 25M Units

The Advisory Committee voted 11 to 3 that the benefits of Zynquista do not outweigh the risks in adults with T1D and CKD, as defined in the voting question as having estimated glomerular filtration rate (eGFR) &gt;45 to &lt;60 mL/min.1.73 m2 or eGFR &gt;60 mL/min/1.73 m2 and urine albumin-to-creatinine ratio (uACR) &gt; 30mg/g. As part of the discussion, certain committee members expressed support for sotagliflozin in alternative sub-populations of people with T1D and CKD, where they believed the benefits potentially outweigh the risks.
"We are disappointed in the outcome of today's Advisory Committee vote. However, we were encouraged by the rich discussion and outpouring of support across the diabetes community in favor of sotagliflozin being made available to appropriate people with T1D and CKD," said Dr. Mike Exton, chief executive officer and director of Lexicon Pharmaceuticals. "It's clear from today's discussion that an FDA-approved treatment and clear education on managing risk is urgently needed, and we believe our data supports this need. We look forward to working with the FDA as it completes its review of our NDA, and if approved, making Zynquista available to patients who could benefit from this therapy."

LXRX

Reported Earlier, Lexicon Awaits FDA Decision After Advisory Committee Raises Concerns On Zynquista For Type 1 Diabetes With Kidney Complications

NGVC

Reported Earlier, Natural Grocers by Vitamin Cottage Names Richard Hallé As Chief Financial Officer, Effective January 1, 2025

Reported Earlier, Brookfield Realigns Corporate Structure, Unlocking Value In Asset Management With Broader Shareholder And Index Reach

Lavoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVRO#NASDAQ">LVRO</a>) reported quarterly sales of $1.888 billion which beat the analyst consensus estimate of $1.793 billion by 5.32 percent. This is a 4.95 percent increase over sales of $1.799 billion the same period last year.

LVRO

Lavoro FY Sales $1.888B Beat $1.793B Estimate; Net Loss $154.6M Up From $43.7M YoY

The BLA is based on data from the Clarity AD (Study 301) open-label extension (OLE) and modeling of observed data. If approved by the FDA, the LEQEMBI autoinjector could be used to administer LEQEMBI at home or at medical facilities, and the injection process is expected on average to take about 15 seconds. As part of the subcutaneous autoinjector 360 mg weekly maintenance regimen under review, patients who have completed the biweekly intravenous (IV) initiation phase would receive weekly doses that maintain effective drug concentrations to sustain the clearance of highly toxic protofibrils&#x2A; which can continue to cause neuronal injury even after the amyloid-beta (Aβ) plaque has been cleared from the brain.

BIIB

Reported Earlier, Eisai And Submit LEQEMBI BLA For Subcutaneous Alzheimer's Treatment To FDA, Targeting Early Disease Stages

Striking employees at Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) are poised to vote on a new contract proposal on Monday. The proposal, which includes a 38% wage increase over four years and a larger signing bonus, has received backing from the workers&#8217; union. 
What Happened: The International Association of Machinists and Aerospace Workers (IAM) stated that they have negotiated the best possible terms with Boeing. Previously, union members had turned down two offers from the company.
Reuters reported on Friday that this new offer comes as Boeing attempts to stabilize its finances amid a seven-week strike involving over 33,000 factory workers on the U.S. West Coast. The strike has significantly affected Boeing&#8217;s cash flow and halted production of key aircraft models.
Acting U.S. Secretary of Labor Julie Su facilitated recent negotiations, lauding both parties for their efforts. President Joe Biden also praised the union and Boeing for reaching a new contract proposal, highlighting the sacrifices made by Boeing&#8217;s machinists.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41642374/cathie-wood-shuffles-her-tech-deck-continues-dumping-tesla-and-palantir-stocks-up-on-amd-and-met?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Shuffles Her Tech Deck: Continues Dumping Tesla And Palantir, Stocks Up On AMD And Meta</a>
Boeing&#8217;s latest offer includes a $12,000 ratification bonus, integrating previous bonuses into workers&#8217; 401(k) retirement accounts. Despite the improved terms, approval remains uncertain as some workers express dissatisfaction due to the absence of a defined-benefit pension.
Why It Matters: The ongoing strike has already cost Boeing an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41524809/boeing-strike-drags-on-union-contract-rejection-adds-further-uncertainty-costs-reco">estimated $2 billion</a> over the last five weeks. The machinists&#8217; rejection of previous offers has added further uncertainty to Boeing&#8217;s financial recovery efforts.
In a bid to bolster its finances, Boeing recently expanded its stock offering, aiming for a <a href="https://www.benzinga.com/markets/equities/24/10/41606547/boeing-eyes-20-7-billion-windfall-as-stock-offering-expands-details">$20.7 billion windfall</a>. The company priced its public offerings at 112.5 million shares of common stock at $143.00 each. 
Price Action: Boeing saw its stock climb higher by 2.77% during the after-hours market after it closed at $149.31 on Thursday, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41615718/cathie-woods-sky-high-vision-dumps-shares-of-cybercab-touting-tesla-for-this-evtol-play?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood&#8217;s Sky-High Vision: Dumps Shares Of Cybercab Touting Tesla For This eVTOL Play</a></li>
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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>

Boeing Sweetens Deal With 38% Wage Hike, $12K Bonus And More To End 7-Week Strike: Vote Set For Monday

SOBR

Reported Earlier, SOBRsafe Regains Nasdaq Compliance In Minimum Bid Price Requirement

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index moved to the &#8220;Fear&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, with the Nasdaq Composite falling more than 500 points during the session. The S&amp;P 500 and Nasdaq both recorded their biggest single-day declines since Sept. 3.
Shares of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) fell around 4% on Thursday after the company reported third-quarter financial results. Shares of Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) fell around 6% on Thursday after the company reported first-quarter financial results.
On the economic data front, U.S. initial jobless claims declined by 12,000 from the previous week to 216,000 in the week ending Oct. 26. The personal consumption expenditure price index rose 0.2% month-over-month in September following a 0.1% increase in August.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, consumer discretionary, and real estate stocks recording the biggest losses on Thursday. However, utilities and energy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 378 points to 41,763.46 on Thursday. The S&amp;P 500 fell 1.86% to 5,705.45, while the Nasdaq Composite fell 2.76% at 18,095.15 during Thursday's session.
Investors are awaiting earnings results from Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), and Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 43.5, the index moved to the &#8220;Fear&#8221; zone on Thursday, versus a prior reading of 54.
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.
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Photo courtesy: Shutterstock

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