Ultime notizie per Fathom Nickel (OTC:FNICF) Azioni

Fathom Nickel Inc is a resource development and exploration company engaged in exploring base and precious metals in Canada. The company is targeting high-grade nickel sulfide discoveries for use in the rapidly growing electric vehicle market and green energy market. The projects of the company include Albert Lake Project and Gochager Lake Project.

Fathom Nickel Inc

Needham analyst Bernie McTernan maintains Roblox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) with a Buy and raises the price target from $50 to $60.

News

Price Target

Analyst Ratings

RBLX

Needham Maintains Buy on Roblox, Raises Price Target to $60

20,976 vehicles were delivered in October 2024,&nbsp;increasing by 30.5% year-over-year
170,257 vehicles were delivered year-to-date in 2024, increasing by 35.1% year-over-year
Cumulative deliveries reached 619,851 as of October 31, 2024

NIO's October 2024 Delivery Update: Delivers 20,976 Vehicles, Up 35.1% YoY

Needham analyst Joseph Stringer reiterates Lexicon Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) with a Hold.

Reiteration

LXRX

Needham Reiterates Hold on Lexicon Pharmaceuticals

Piper Sandler analyst Arvind Ramnani maintains Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) with a Neutral and raises the price target from $18 to $25.

LMND

Piper Sandler Maintains Neutral on Lemonade, Raises Price Target to $25

Piper Sandler analyst Arvind Ramnani reiterates Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) with a Overweight and raises the price target from $536 to $565.

Piper Sandler Reiterates Overweight on Mastercard, Raises Price Target to $565

Interface (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.34 by 41.18 percent. The company reported quarterly sales of $344.270 million which beat the analyst consensus estimate of $336.419 million by 2.33 percent. This is a 10.70 percent increase over sales of $311.006 million the same period last year.

Earnings

Earnings Beats

TILE

Interface Q3 2024 Adj. EPS $0.48 Beats $0.34 Estimate, Sales $344.270M Beat $336.419M Estimate

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.
<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">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>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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.
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.
<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">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>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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

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:
<ul>
<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 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.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41616239/shytoshi-kusama-touts-shiba-inu-lifetime-gains-of-33774726-we-still-have-far-to-go-and-muc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shytoshi Kusama Touts Shiba Inu Lifetime Gains Of 33774726%: &#8216;We Still Have Far To Go And Much Work To Be Done&#8217;</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>

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."

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

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BENZINGA NEL MONDO