Ultime notizie per NextNav (NASDAQ:NNAVW) Azioni

NextNav Inc provides GPS service. The company NextNav TerraPoiNT system keeps critical infrastructure resilient with reliable Position, Navigation and Timing services in the absence of GPS.

NextNav Inc

JP Morgan analyst Anupam Rama maintains Cogent Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COGT#NASDAQ">COGT</a>) with a Overweight and raises the price target from $19 to $21.

News

Price Target

Analyst Ratings

COGT

JP Morgan Maintains Overweight on Cogent Biosciences, Raises Price Target to $21

WIIM

BNGO

Bionano Genomics shares are trading lower after the company reported worse-than-expected Q3 sales results.

Alex Jones&#8217;s media company, the self-styled defender against so-called "fake news," is now the property of the very <a href="https://www.benzinga.com/news/24/05/38781938/tucker-carlson-believes-conspiracy-theorist-alex-jones-is-supernatural-prophet-who-predicted-911-bef">people it relentlessly defamed</a>.
What Happened: The Onion, America's premier satirical news outlet, acquired Jones' Infowars at a bankruptcy auction, according to the <a href="https://apnews.com/article/onion-buys-infowars-alex-jones-6496f198d141c991087dcd937b3588e9">Associated Press</a>. The publication&#8217;s backers were none other than the families of Sandy Hook victims.
Observers praised the deal as poetic justice, considering Jones owes over $1 billion in defamation judgments against those families.
<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 is the most epic troll of my lifetime and I'm here for it. Hey Jones…..FAFO.
&mdash; Brigid (@BrigidaOteiza) <a href="https://twitter.com/BrigidaOteiza/status/1857082392021696532?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The price of the acquisition is not yet known. 
Relatives of the 26 Sandy Hook victims — 20 children and six educators — sued Jones for defamation and emotional distress. The 50-year-old video blogger repeatedly called the 2012 shooting in Newtown, Connecticut, a "hoax" staged by actors.
Jones, who <a href="https://www.benzinga.com/news/23/12/36168941/elon-musks-controversial-move-alex-jones-returns-to-x-after-user-vote">has garnered sympathy from</a> right-wing personalities like Elon Musk and Tucker Carlson, confirmed the acquisition in a visibly distressed social media video, blaming &#8220;Democrats.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: Democrats Are On Their Way To The Building To Shut InfoWars Down Now– Alex Jones Explains The Future of InfoWars In This Critical Emergency Broadcast <a href="https://t.co/eBE30t4Gf6">https://t.co/eBE30t4Gf6</a>
&mdash; Alex Jones (@RealAlexJones) <a href="https://twitter.com/RealAlexJones/status/1857060713862209654?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Broadcasting live from Infowars headquarters, he declared his intent to file legal challenges, with some of his followers even <a href="https://x.com/PWPNation/status/1857061080301817990">calling</a> on Musk, the owner of X, to provide financial support.
In the video, Jones delivered his usual mix of ominous announcements and unfiltered panic: "Last broadcast now live from Infowars studios. They are in the building. Are ordering shutdown without court approval." 
Head in his hands, he looked like a man grappling with a reality far more surreal than any he'd concocted.
Jones supporters and detractors, alike, had shown interest in buying Infowars. 
What&#8217;s Next: Chicago-based Onion, which jokingly claims to have "4.3 trillion daily readers," has yet to announce its plans for Infowars' web and social media platforms, studio, trademarks or video archive.
One can only imagine the possibilities for a company whose taglines have sparked countless "Is this real?" double-takes.
Jones, who filed <a href="https://www.benzinga.com/news/22/04/26667227/alex-jones-files-for-bankruptcy-protection-what-you-need-to-know">for bankruptcy in 2022</a>, will refuse to stay quiet. The conspiracy theorist, known for hawking supplements and survival gear, has vowed to continue his broadcasts in some manner.
But with The Onion now owning Infowars, it looks like Jones' journey from conspiracy theorist to punchline is nearly complete.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/buybacks/24/11/41971497/tapestry-and-capri-call-off-8-5b-deal-amid-legal-hurdles">Tapestry And Capri Call Off $8.5 Billion Deal Amid Legal Hurdles</a></li>
</ul>
Photo: Shutterstock

Media

Joke's On Jones: Onion, Backed By Families Of Sandy Hook Victims, Buys Info Wars

Bionano Genomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNGO#NASDAQ">BNGO</a>) reported quarterly sales of $6.07 million which missed the analyst consensus estimate of $7.85 million by 22.64 percent. This is a 34.83 percent decrease over sales of $9.32 million the same period last year.

Earnings

Bionano Genomics Q3 Sales $6.07M Miss $7.85M Estimate

Hawaiian Electric Indus's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) short percent of float has risen 9.87% since its last report. The company recently reported that it has 8.44 million shares sold short, which is 4.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.07 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>Hawaiian Electric Indus Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731606321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hawaiian Electric Indus 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 Hawaiian Electric Indus'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>, Hawaiian Electric Indus's peer group average for short interest as a percentage of float is 3.20%, 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.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Hawaiian Electric Indus?

Schlumberger's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) short percent of float has risen 11.64% since its last report. The company recently reported that it has 43.23 million shares sold short, which is 3.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.18 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>Schlumberger Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731606316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Schlumberger 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 Schlumberger'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>, Schlumberger's peer group average for short interest as a percentage of float is 7.70%, 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.

Peering Into Schlumberger's Recent Short Interest

High-profile Americans are exploring international real estate markets following Donald Trump's <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">second presidential victory and the Republican sweep of Congress</a>, with several celebrities announcing plans to relocate abroad.
Don't Miss:
<ul>
<li>This company is giving accredited investors an opportunity to invest in this $2 billion fund, <a href="https://www.benzinga.com/money/ignite-funding">with three decades in business they boast an impressive track record of double-digit returns.</a></li>
<li>‘Beating the market through ethical real estate investing' –<a href="https://www.benzinga.com/money/invest-with-roots"> this platform aims to give tenants equity in the homes they live in while scoring 17.38% average annual returns for investors – here&#8217;s how to join with just $100</a></li>
</ul>
 Immigration attorneys are reporting an uptick in relocation inquiries from wealthy U.S. residents.
&#8220;I am certainly considering a house in Italy,&#8221; actress Sharon Stone told DailyMail.com in July, reflecting a broader trend of entertainment industry figures exploring European property markets. &#8220;I think that's an intelligent construct at this time.&#8221;
The U.K. has emerged as a primary destination, with London's luxury real estate market seeing increased interest from American buyers. Immigration attorney Jean-Francois Harvey of Harvey Law Group confirms rising inquiries about overseas relocation options, noting to Realtor.com that even modest budgets can secure properties in European markets like Spain, Portugal and the Netherlands.
Trending: During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"> high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.</a>
British actress Minnie Driver, a longtime Los Angeles resident, announced plans to return to the U.K. after nearly three decades in California. &#8220;Living in California, you are somewhat insulated,&#8221; Driver told The Times of London. &#8220;For all the division in the U.K., there just seems to be a more robust connection between us.&#8221;
A recent InterNations survey cited by Realtor highlights several expatriate destinations offering <a href="https://www.benzinga.com/real-estate/24/11/41914088/thinking-about-leaving-the-u-s-after-trumps-win-here-are-the-top-expat-destinations">attractive combinations of affordable housing and accessible residency requirements</a>. Top locations include Panama City, Budapest and Phuket, Thailand, featuring strong economies, expanding tourism sectors and universal health care systems.
Trending: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.
Several legal pathways exist for Americans considering international relocation. These include traditional visas, &#8220;golden visas&#8221; that grant residency through real estate investment and ancestry-based immigration options. Many countries actively court foreign investors through property-based residency programs.
The trend extends beyond Hollywood's vocal critics. "Maybe it's time for me to move, you know," said Whoopi Goldberg on "The View." "I can afford to go." Meanwhile, America Ferrera reportedly plans to move to the U.K. with her family, responding to the Republican victory that saw Trump win both the popular vote and Electoral College, while Republicans secured control of the Senate and likely the House.
See Also: Unlock the hidden potential of commercial real estate –<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a>
The relocations could impact luxury real estate markets in both departure and destination cities. Popular expatriate destinations often offer financial advantages, including lower living costs and favorable tax structures, particularly in Southeast Asia and certain European countries.
The movement reflects broader changes in global real estate dynamics, as digital connectivity and remote work possibilities make international relocation increasingly viable for professionals across industries.
Read Next:
<ul>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.</a></li>
<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
</ul>

Real Estate

Trump's Win Has Celebrities Saying Goodbye, America–See Where They're Going

Applied Industrial Techs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) short percent of float has fallen 5.61% since its last report. The company recently reported that it has 541 thousand shares sold short, which is 2.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.08 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>Applied Industrial Techs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731606310_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Applied Industrial Techs 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 Applied Industrial Techs'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>, Applied Industrial Techs's peer group average for short interest as a percentage of float is 5.45%, 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.

Peering Into Applied Industrial Techs's Recent Short Interest

PZZA

Papa John's shares are trading lower after KeyBanc downgraded the stock from Overweight to Sector Weight.

ADIL

Adial Pharmaceuticals shares are trading higher after the company announced results from its AD04-103 pharmacokinetics study for AD04, aimed at treating alcohol use disorder.

SCPH

ScPharmaceuticals shares are trading lower after the company reported worse-than-expected Q3 sales results.

Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares are trading<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> slightly higher on Thursday.</a>
Today, the company has agreed to a <a target="_blank" href="https://www.nhtsa.gov/press-releases/ford-consent-order-165-million-civil-penalty" rel="noreferrer noopener">consent order</a> with the National Highway Traffic Safety Administration (NHTSA), including a civil penalty of $165 million for failing to meet federal recall requirements. This marks the second-largest civil penalty in NHTSA&#8217;s history, following the Takata airbag scandal.
The penalty stems from Ford&#8217;s delayed recalls of vehicles with defective rearview cameras and its failure to provide accurate and complete recall information, as required by the National Traffic and Motor Vehicle Safety Act.
&#8220;Timely and accurate recalls are critical to keeping everyone safe on our roads,&#8221; NHTSA Deputy Administrator Sophie Shulman said.&nbsp;
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, F stock has gained over 7% in the last year. Investors can gain exposure to the stock via First Trust Nasdaq Transportation ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/23/05/32468654/ford-recalls-422-000-sports-utility-vehicles-on-faulty-rearview-camera-image-display-report" rel="noreferrer noopener">Ford Recalls 422,000 Sports Utility Vehicles On Faulty Rearview Camera Image Display: Report</a>
The settlement includes an upfront payment of $65 million, with an additional $55 million deferred and $45 million allocated for performance obligations.
As part of the consent order, Ford must take several actions to improve its recall processes and safety compliance. These include developing enhanced safety data analytics, creating a document interface platform for internal and NHTSA-initiated investigations, and building a multi-modal imaging test lab for low-voltage electronics.
Ford will also need to invest in a vehicle identification number-based traceability system to track components.
Additionally, Ford is required to review all recalls issued in the past three years and ensure they were properly scoped. The company must also improve its decision-making process for recall investigations, speed up recall decisions, and update its compliance policies.
NHTSA will oversee Ford&#8217;s compliance with the consent order, which lasts for three years, with the possibility of extension. The two parties will meet quarterly to ensure ongoing improvements. NHTSA emphasized that timely and accurate recalls are crucial to ensuring the safety of all road users.
Price Action: F shares are trading higher by 0.99% to $11.21 at last check Thursday.
Photo: Courtesy of Satur via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/41973572/ray-dalios-bridgewater-cuts-stake-in-microsoft-stock-by-20-is-big-tech-losing-its-shine" target="_blank" rel="noreferrer noopener">Ray Dalio&#8217;s Bridgewater Cuts Stake In Microsoft Stock By 20% – Is Big Tech Losing Its Shine?</a></li>
</ul>

Equities

Markets

Movers

General

FTXR

Gabelli ETFs Trust Gabelli Financial Services Opportunities ETF

GABF

What's Going On With Ford Motor Stock Today?

Wedbush analyst Nick Setyan maintains Cheesecake Factory (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>) with a Outperform and raises the price target from $52 to $59.

CAKE

Wedbush Maintains Outperform on Cheesecake Factory, Raises Price Target to $59

International medical cannabis company IM Cannabis Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) (CSE:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#CSE">IMCC</a>) announced its financial results on Thursday for the third quarter ended Sept. 30, 2024.
The company reported revenue from Germany grew 66% year-over-year, reaching CA$5.8 million ($4.1 million).
&#8220;While the 66% growth we delivered in Germany, to reach $5.8M this quarter is a highlight, we spent the quarter focused on building a solid foundation for 2025,&#8221; said CEO Oren Shuster. &#8220;Our goal was to build a strong, consistent supply chain, along with a laser focus on how to improve the efficiency and accuracy of how we use our resources. I believe that the foundation we built this quarter will be the basis we will use to deliver in 2025.&#8221;
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40368016/im-cannabis-soars-german-sales-surge-200-in-first-3-months-post-legalization-q2-revenue-up-12-yo">IM Cannabis Soars: German Sales Surge 200% In First 3 Months Post-Legalization, Q2 Revenue Up 12% YoY</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Q3 Financial Highlights</h3>
<ul>
<li>Revenue increased by 12% year-over-year to CA$13.9 million, compared to CA$12.4 million in the third quarter of 2023. </li>
<li>Gross profit was CA$3.1 million, up from CA$2.6 million in the prior year's period.</li>
<li>Selling and marketing expenses dropped by 41% over the same period to CA$1.5 million.</li>
<li>Total operating expenses fell by 16% year-over-year to CA$4.1 million.</li>
<li>EBITDA loss narrowed by 68% over the period, from a loss of CA$1.6M in the third quarter of 2023 to a loss of CA$0.5 million in the third quarter of 2024. Adjusted EBITDA loss also improved by 82%, down to CA$0.2 million.</li>
<li>The operational expense ratio improved by 25% year-over-year, falling from 40% in the third quarter of 2023 to 30% in the third quarter of 2024, reflecting improved cost management.</li>
<li>Net loss narrowed to roughly CA$1 million from CA$2.1 million in the prior year's period.</li>
</ul>
<h3 class="wp-block-heading">IMCC Price Action</h3>
IM Cannabis' shares traded 13.96% lower at $2.5339 per share at the time of writing on Thursday morning.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41189535/im-cannabis-1-6m-non-brokered-private-placement-offering-heres-what-investors-need-to-know">IM Cannabis&#8217; $1.6M Non-Brokered Private Placement Offering, Here&#8217;s What Investors Need To Know</a></li>
</ul>

Cannabis

Eurozone

CSE:IMCC

IMCC

IM Cannabis: 66% Revenue Growth In Germany, Narrows EBITDA Loss In Q3

Jefferies analyst Omar Nokta maintains Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) with a Hold and lowers the price target from $4 to $3.5.

Jefferies Maintains Hold on Nordic American Tankers, Lowers Price Target to $3.5

Logistic Properties shares are trading lower. The company reported Q3 financial results.

Wedbush analyst Matt Bryson maintains NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Outperform and raises the price target from $138 to $160.

NVDA

Wedbush Maintains Outperform on NVIDIA, Raises Price Target to $160

CVD Equipment shares are trading higher after the company reported a year-over-year increase in Q3 financial results.

GRYP

Gryphon Digital Mining shares are trading lower after the company reported worse-than-expected Q3 sales results.

Senate Republicans <a href="https://www.benzinga.com/politics/24/11/41950681/trump-once-said-political-career-over-about-john-thune-now-senate-majority-leader-working-with-him-to-pass-gop-agenda">elected Sen. John Thune</a> of South Dakota as the new majority leader Wednesday, succeeding Sen. <a href="https://www.benzinga.com/topic/mitch-mcconnell">Mitch McConnell</a> of Kentucky. Thune, who has consistently opposed marijuana legalization, has also criticized efforts to reschedule cannabis and expand the industry&#8217;s access to banking services.
In July, Thune joined fellow GOP lawmakers in a letter challenging the <a href="https://www.benzinga.com/markets/cannabis/24/05/38880719/biden-announces-monumental-marijuana-rescheduling-doj-to-take-next-steps">Biden administration&#8217;s proposal</a> to reclassify marijuana to Schedule III under the <a href="https://www.benzinga.com/topic/controlled-substances-act">Controlled Substances Act</a>. The letter argued that the rescheduling lacked sufficient scientific evidence and was &#8220;irresponsible&#8221; given emerging research indicating significant health concerns associated with marijuana use.
<h1 class="wp-block-heading">Consistent Opposition To Cannabis Reform</h1>
Thune&#8217;s longstanding opposition to marijuana reform, coupled with his new leadership role, indicates there could be challenges ahead for cannabis legalization efforts at the federal level despite President-elect Donald <a href="https://www.benzinga.com/markets/cannabis/24/09/40776937/trump-joins-millions-of-americans-who-support-rescheduling-cannabis-weed-industry-responds-to-fo">Trump's comments </a>in which he implied his support for federal cannabis legalization.
Read Also: <a href="EXCLUSIVE: Chris Christie Says Trump Will Remove Federal Restrictions On Marijuana, Find 'Sweet Spot' For Crypto Regulation (UPDATED)">Trump Nominates Another Cannabis Supporter To Cabinet: Rep. Matt Gaetz For Attorney General</a>
Thune's past statements and actions suggest he may continue to resist policy changes aimed at decriminalizing or rescheduling marijuana, as well as initiatives to facilitate banking services for the cannabis industry.
As the New York Times <a href="https://www.nytimes.com/2024/11/13/us/politics/trump-senate-thune-cornyn-scott.html">put it</a>, "Over the years, Mr. Thune has been no automatic yes man to Mr. Trump." But, in view of the president-elect's cabinet choices, which are heavy on yes-men and -women, Thune may fall into line with his colleagues.
That said, some in the cannabis industry are choosing to be optimistic.
"Despite Senator Thune's misguided opinions and policy positions on cannabis up to this point, we're confident that he is capable of evolving on this issue, as have the vast majority of Americans," <a href="https://norml.org/blog/2024/11/13/incoming-senate-majority-leader-has-long-history-opposing-marijuana-policy-reforms/">said</a> NORML political director&nbsp;<a href="https://norml.org/about-norml/staff#mfox">Morgan Fox</a>. 
"While it is extremely doubtful that comprehensive cannabis policy reform will be a priority in the Senate under his leadership, we're hopeful that his record as a level-headed lawmaker means that he will listen to evidence, experience, and the will of the American people, who&nbsp;<a href="https://norml.org/polls/">overwhelmingly want to see federal policy reform</a>." &nbsp;
Now Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/41950826/kristi-noems-appointment-as-homeland-security-secretary-raises-questions-about-federal-cannabis-policy">Trump&#8217;s Appointment Of Kristi Noem To Homeland Security Chief Raises Questions About Fed Cannabis Policy</a></li>
</ul>
Photo: Sen. John Thune, photo<a href="https://commons.wikimedia.org/wiki/File:John_Thune_%285449503352%29.jpg"> by</a> Gage Skidmore <a href="https://creativecommons.org/licenses/by-sa/2.0">via </a>Wikimedia Commons

Government

Politics

New GOP Senate Leader John Thune Opposes Marijuana Legalization: Implications For Banking Access And More

Laughing Water Capital - NextNav: Putting The Band Back Together

NextNav, Inc. (NN) Q4 2023 Earnings Call Transcript

Laughing Water Capital Q1 2024 Letter

NextNav, Inc. (NN) Q1 2024 Earnings Call Transcript

NextNav: Being Patient Here Will Be Worth It

NextNav Inc. 2024 Q2 - Results - Earnings Call Presentation

NextNav, Inc. (NN) Q2 2024 Earnings Call Transcript

NextNav, Inc. (NN) Q3 2024 Earnings Call Transcript

CDMO

CTLT

ERIC

ERIXF

HALO

LFCR

NNAVW

NONOF

NXNVW

TACT

THRY

WXIBF

WXXWY

Management

Press Releases

NextNav Announces Appointment of Jonathan Marcus to Board of Directors

NextNav Appoints Nicola Palmer to Board of Directors

Contracts

NextNav Granted Department of Transportation Award to Test PNT Services as a Complement and Backup to GPS

NextNav Announces Date for Second Quarter 2024 Earnings Call

NextNav to Present at Oppenheimer's 27th Annual Technology, Internet & Communications Conference

FCC Takes Important Step Towards New Band Plan and Creation of Complement and Backup to GPS

NextNav Inc. Reports Second Quarter 2024 Results

New Economic Report Finds Total Quantified Value of a Terrestrial GPS Backup is $14.6 Billion

Comments

NextNav

Notizie

Ultime notizie per NextNav (NASDAQ:NNAVW) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO