Ultime notizie per Nestle (OTC:NSRGF) Azioni

With a 150-year-plus history, Nestle is the largest food and beverage manufacturer in the world by sales, generating more than CHF 90 billion in annual revenue. Its diverse product portfolio includes brands such as Nestle, Nescafe, Perrier, Pure Life, and Purina. Nestle also owns around 20% of French cosmetics firm L'Oreal. The company employs 275,000 people around the world and has a vast portfolio of global products, with more than 30 brands each achieving more than CHF 1 billion in sales annually and a geographic presence that spans almost 190 countries.

Nestle SA

Last month, Nestlé SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGF#OTC">NSRGF</a>)&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGY#OTC">NSRGY</a>)&nbsp;unveiled&nbsp;Vital Pursuit, a new line of foods designed to complement GLP-1 weight loss medications and aid consumers&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/05/38949073/weight-loss-drugs-like-wegvoy-and-zepbound-users-nestl-launches-5-pizza-for-you" rel="noreferrer noopener">focused on weight management</a>.&nbsp;
The European food giant said the company will not mention the weight loss drugs on the packaging.
Tom Moe, President of Meals at Nestle USA, stated that the company&#8217;s Vital Pursuit line would be marketed primarily through social media to avoid regulatory issues.
&#8220;We won&#8217;t directly make the connection (to the drugs) on the food package,&#8221; Moe emphasized in a Reuters report.
This decision highlights the regulatory uncertainties that global food companies face when targeting the growing market of people using appetite-suppressing medications, such as Novo Nordisk A/S&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) Wegvoy and Eli Lilly And Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) Zepbound.
The medications, known as GLP-1 agonists, have impacted snack-makers and fast-food chains as consumers reduce their food intake.
Reuters report adds that Nestle&#8217;s Vital Pursuit products will compete with brands that make specific claims for people who are on these medications.
For example, Biocare, a drink priced at $4.50 per serving, claims to alleviate side effects like nausea for users of semaglutide, the active ingredient in Wegovy and Ozempic.
Referencing weight-loss drugs on Vital Pursuit packaging could lead to regulatory scrutiny. &#8220;We&#8217;re not a medication, we&#8217;re a food product,&#8221; Moe noted. Mentioning medications could imply that the food treats or prevents disease, a claim only FDA-approved products can make.
The report further quoted Lauren Handel, an attorney specializing in food regulations, who advised that the safest approach is to avoid mentioning any drugs. &#8220;It&#8217;s a tricky area where you&#8217;d want to be careful about what you say,&#8221; she said, noting that labeling products as &#8220;suitable for people on a diet&#8221; may comply with regulations.
Nestle has not disclosed whether it will refer to the drugs in advertisements.
In contrast, Herbalife Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLF#NYSE">HLF</a>) has taken a direct approach, promoting its GLP-1 Companion Pack on Facebook to support the nutritional needs of people using GLP-1 weight-loss drugs.
Frank Lamberti, Herbalife&#8217;s Chief Commercial Officer, said the company avoids brand names like Ozempic to avoid alienating users of other drugs such as Eli Lilly&#8217;s Mounjaro and Zepbound.
Other companies, including Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) and yogurt-maker Danone (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DANOY#OTC">DANOY</a>), are positioning their products as suitable for weight-loss medications due to their low sugar or high protein content. Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), maker of Healthy Choice meals, will also avoid drug names on packaging.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Nestle Carefully Targets Weight-Loss Drug Users with New Food Line

On Tuesday,&nbsp;Nestlé SA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGF#OTC">NSRGF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGY#OTC">NSRGY</a>) unveiled&nbsp;Vital Pursuit, a new line of foods designed to complement GLP-1 weight loss medications and aid consumers&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/23/10/35345638/nestl-to-develop-products-for-users-of-miracle-weight-loss-drugs-like-ozempic-wegovy" rel="noreferrer noopener">focused on weight management</a>.&nbsp;
This&nbsp;comes amid fears among investors that food companies could see their sales suffer significantly.&nbsp;
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/04/38356901/changing-frugal-eating-habits-how-novo-nordiskeli-lillys-weight-loss-drugs-reshaping-food-spendin" rel="noreferrer noopener">Changing Frugal Eating Habits&nbsp;&#8211;&nbsp;How Novo Nordisk/Eli Lilly&#8217;s Weight Loss Drugs&nbsp;Reshaping&nbsp;Food Spending</a>.
The food and drink processing conglomerate&nbsp;says the new line includes protein, fiber, and essential nutrients, and it&nbsp;is portioned&nbsp;to accommodate the reduced appetite of weight loss medication users.&nbsp;
This line also&nbsp;<a target="_blank" href="https://www.nestleusa.com/media/pressreleases/vital-pursuit-glp-1-weight-management" rel="noreferrer noopener">supports</a>&nbsp;a balanced diet for anyone on a weight management journey, marking Nestlé&#8217;s first venture into food products&nbsp;tailored specifically&nbsp;for GLP-1 users.
GLP-1 medications significantly influence how Americans manage weight, presenting a growing market opportunity.&nbsp;
Wegvoy&nbsp;and&nbsp;Ozempic&nbsp;(semaglutide) from&nbsp;Novo Nordisk A/S&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) and&nbsp;Eli Lilly And Co&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)&nbsp;Zepbound&nbsp;and&nbsp;Mounjaro&nbsp;(tirzepatide) have garnered tremendous fame as these &#8220;miracle&#8221; drugs&nbsp;have&nbsp;been shown&nbsp;to be&nbsp;effective at helping people lose weight by suppressing appetite.&nbsp;
According to the National Center&nbsp;of&nbsp;Health Statistics, nearly half of American adults attempt weight loss annually.&nbsp;
Moreover, in 2023, one in 60 adults was prescribed GLP-1 medications, with projections from the American Pharmacists Association indicating a rise in 2024.&nbsp;
J.P. Morgan Research forecasts that the number of GLP-1 users in the U.S. could reach 30 million by 2030, roughly 9% of the population.
Tom Moe, President of&nbsp;Nestlé USA Meals Division, noted that Nestlé aims to expand Vital Pursuit with more product formats as the market evolves.
Vital Pursuit will debut in Q4 with 12 SKUs, available at select retailers nationwide.&nbsp;
The product range includes frozen bowls with whole grains or protein pasta, sandwich melts, and pizzas, all priced at&nbsp;$4.99&nbsp;and under.&nbsp;
These products are portioned for controlled eating and include essential nutrients like protein, vitamin A, potassium, calcium, or iron. Vital Pursuit also offers gluten-free and air-fryer-ready options for added convenience.
Read Next: <a href="https://www.benzinga.com/news/24/04/38063177/costco-long-known-for-rotisserie-chicken-and-hot-dogs-counters-junk-food-with-weight-loss-plan-to-he" target="_blank" rel="noreferrer noopener">Costco Long Known For Rotisserie Chicken And Hot Dogs Counters Junk Food With Weight Loss Plan To Help You Shed Those Extras</a>.
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The Ozempic Diet: Nestle Launches $5 Pizza For Weight Loss Drug Users

Source: <a href="https://www.streetwisereports.com/article/2024/05/08/gold-co-beats-estimates-as-panama-goes-to-the-polls.html?utm_medium=feed">Adrian Day 05/08/2024</a>
Global Analyst Adrian Day looks at quarterly results from a couple of gold majors, as well as mostly positive developments at some others.
Franco-Nevada Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) reported first-quarter results somewhat above expectations as it looks ahead to production growth of 2.3% this year, driven by new mines on which it holds streams, Greenstone and Tocantinzinho, both ramping up in the second half. Franco&#39;s guidance now excludes Cobre Panama, which it has written off, though opportunities for recovery, either from a mine restart or from an arbitration award, are real. Franco has a rock-solid balance sheet, with $2.3 billion of available capital.
It has an active pipeline of new deals, with a focus on gold, though CEO Paul Brink said they were looking at other resources, including lithium. Most opportunities it is reviewing now are streams on byproducts of base metals producers, with the company seeing somewhat larger opportunities than recently, with opportunities above $300,000.
<h2>Hope for Cobre Panama as Country Votes</h2>
Elections for a new president in Panama are taking place today. Polls have already closed, and the results are expected late tonight. All of the candidates except one are, to differing extents, pro-business. The front runner, Jos&eacute; Mulino, who was the running mate of the popular ex-President Ricard Martinelli &mdash; he dropped out after a court upheld his conviction for money laundering &mdash; is known to support new negotiations with First Quantum to reopen the mine.
However, as Brink noted, the candidates have been mostly circumspect in commenting on what their approach will be, adding that once a new government is in place, he is sure dialog will take place. In addition to the loss of GDP, tax revenue, and jobs from the mine closure and the threat of an international arbitration award, there are also heavy costs to permanently closing the mine, estimated at between $3 billion and $6 billion. Some politicians have suggested that mine owner First Quantum should pay those costs, but that is highly unlikely. All in all, the country stands to lose huge amounts of money if it shuts down the mine permanently, in addition to the credit downgrade and loss of credibility. With top management, a solid balance sheet, and a well-diversified portfolio by asset, operator, geography, and commodity, Franco remains a core holding.
Given the recent price recovery, we are holding, except for new investors who can buy.
<h2>Barrick Can&#39;t Get No Respect</h2>
Barrick Gold Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>) reported first-quarter earnings somewhat better than expected, though of course the company had already pre-released lower production and higher cost guidance. It was a weak quarter, but for Barrick, production usually increases during the year, and the company re-iterated its 2024 guidance, looking for increased production from Pueblo Viejo on the back of the plant expansion as well as the restart of Porgera.
Gold cash costs at $1,051 were up from less than $1,000 in the prior quarter but in line with implied guidance as per-ounce costs increased on lower production. Other costs are under control, and G&amp;A was down.
<h2>Talks With Mali and Company Says &quot;No&quot; to Anglo Bid</h2>
CEO Mark Bristow rejected reports that the Mali government is about to nationalize the Loulo-Gounkoto mine, saying that the government had assured the company, in writing, that it has no intention of expropriating the mine. Bristow said that there were ongoing discussions with the government about &quot;an equitable sharing of benefits.&quot;
A new mining code, introduced in September, exempted existing operations, including Barrick&#39;s mine. Separately, the company announced an exploration earn-in on some land in Jamaica, which Bristow said had geology comparable to that of the Dominican Republic, where Barrick&#39;s large Pueblo Viejo mine is located. Bristow also said the company would not make a bid for AngloAmerican, which has received an offer from BHP, adding that the company had plenty of organic opportunities.
After the results, Barrick stock fell once again, in what I consider an irrational response to the headline numbers, given the production decline had already been announced (and the stock fell on that) as well as the credible reasons for seeing higher production later in the year. Barrick&#39;s higher jurisdictional risk profile is well known, but on most metrics, including the net debt levels, Barrick is superior to major peers.
Buy.
<h2>Pan American Boosts Its Balance Sheet as It Eyes Growth Ahead</h2>
Pan American Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/paas#NYSE">PAAS</a>) has agreed to sell its La Arena mine and the associated La Arena II project in Peru to Zijin Mining for $295 million, with $245 million in cash now and and a contingent payment of $50 million upon production from La Arena II. In addition, Pan American will retain a 1.5% gold NSR royalty on the La Arena II project. The price is considered a good one for Pan American.
The company has been selling certain non-core assets after it purchased Yamana last year, using proceeds to cut debt. It ended the year with $441 million in cash and a total debt of $802 million, some related to construction debt and leases, as well as notes that came with Yamana. There are no maturities until the end of 2027, and with an undrawn $750 million credit facility, Pan American is in good shape.
The company has, however, traditionally operated without debt (other than project debt), and there is potential for additional asset sales, though, as with La Arena, the company is now in no rush and can wait for good prices, particularly since the debt carries low interest rates. The La Colorada Skarn deposit will require major capital, however, and the company is looking for a partner on that project. We continue to like Pan American, with strong management and a broad asset base, as well as growth, not only from La Colorada but from the potential restart of the large Escobal silver mine in Guatemala.
Though the company remains reasonable value, given the 50% move in the stock since the beginning of March, we will hold for now.
<h2>Another Project Comes Back to Lara</h2>
Lara Exploration Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/lraxf#OTC">LRAXF</a>) has received back its Curionopolis Iron Project after settling a lawsuit with Vertical Mining. The project, in the Caraj&aacute;s District in northern Brazil, had been optioned to Vertical in 2009, which undertook much exploration and technical work, including putting out a resource estimate, but it defaulted on payments to Lara.
The return of the project is a positive for Lara since it can now look to option or sell it to a new partner, receive payments, and keep a royalty. This is one more example of the value in Lara&#39;s portfolio in addition to the flagship Planalto Copper project, where a resource estimate is expected by early June. With top management and sufficient capital for its near-term work, Lara, at a market cap of less than C$40 million, is extremely undervalued. Planalto alone is worth a multiple of that, while several other projects could add real value.
Despite the run-up in the stock price &mdash; it has almost doubled since an exaggerated low in mid March&mdash; Lara remains a strong buy.
Metalla Royalty &amp; Streaming Ltd. (AMEX:MTA) stock fell sharply after a widely read newsletter writer put out a sell recommendation after it hit his stop loss. The stock was at $3.20 in late April.
Take advantage of the selling to buy.
TOP BUYS this week, in addition to the above, include Nestl&eacute; SA (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>), Midland Exploration Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/midlf#OTC">MIDLF</a>), and Orogen Royalties Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ognrf#OTC">OGNRF</a>).
CENTRAL BANKS STILL BUYING According to new numbers from the World Gold Council, central banks bought almost 290 tonnes of gold during the the first there months of the year a first-quarter record.
Although higher than most quarters last year, it is less than the third-quarter peak of 358 tonnes. Nonetheless, contrary to what appeared in January and early February, bank buying is now on track to exceed last year.
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Franco-Nevada Corp., Barrick Gold Corp., Pan American Silver Corp., Lara Exploration Ltd., Metalla Royalty &amp; Streaming, Midland Exploration Inc., and Orogen Royalties Inc.</li>
<li>Adrian Day: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with : All. I determined which companies would be included in this article based on my research and understanding of the sector.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Adrian Day Disclosures
Adrian Day&#39;s Global Analyst is distributed for $990 per year by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. <a href="http://www.AdrianDayGlobalAnalyst.com" title="www.AdrianDayGlobalAnalyst.com">www.AdrianDayGlobalAnalyst.com</a>. Publisher: Adrian Day. Owner: Investment Consultants International, Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor&#39;s opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. &copy; 2023. Adrian Day&#39;s Global Analyst. Information and advice herein are intended purely for the subscriber&#39;s own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively.

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Gold Co. Beats Estimates as Panama Goes to the Polls

Source: <a href="https://www.streetwisereports.com/article/2024/04/10/investors-move-toward-gold.html?utm_medium=feed">Adrian Day 04/10/2024</a>
Global Analyst Adrian Day looks for signs that investors are finally turning to gold, and provides an update on developments at a couple of stocks on his list.
A month ago, we wrote about the drivers of the gold price and, in particular, who was buying; at that point, it had gone up $190 in the previous month. Now, it is up another $150 over the past four weeks. Though central bank buying remains the prime driver of higher gold prices, there are indications of a shift from institutional and retail investors that could see gold move significantly higher from here.
Most reports on various avenues of gold buying are lagging, so we can&#39;t be sure what has happened in the past few weeks. Central banks, which bought 1,037 metric tonnes in 2023, a little shy of the 2022 record, are continuing to buy this year. Complete global data for February is not yet available, but the countries that have reported suggest continued buying. So far, almost 19 tonnes of net buying has been reported. That&#39;s down from over 45 tonnes in January.
So far, some of the largest recent buyers have reported, including China, which bought over 12 tonnes in February, up from ten the month before and the highest number since October. A broad range of countries also bought, including the Czech Republic, Kazakhstan, Qatar, Turkey, and Mauritania. The buying was offset by a large sale of almost 12 tonnes from Uzbekistan, which has been both a large buying and selling over the past two years. We do not know where the February number will end. So far, though strong, it represents a slowing of the trend of the last two years.
<h2>Retail Buyers Are Still Not in the Market</h2>
Similarly, we do not have global reports for coin sales, but anecdotal evidence suggests only a slight shift toward buying in recent weeks. Coin dealers in both the U.S. and Europe are reporting a pick-up in interest from gold buyers but still say flows are neutral at best; coin premiums are reflecting weak sales.
We do, however, have up-to-date data for gold ETF flows, and that shows a shift in the last few weeks. There have been inflows the last two days (Wednesday and Thursday; Friday&#39;s data have not yet been reported) as gold tackled $2,300, but outflows for four of the five days before. So, it is too soon to say that there has been a clear reversal, though any inflows are somewhat encouraging after 18 months of steady outflows. The selling has continued this year, for a total of 3.4 million ounces so far. (See graph on next page.) In context, the ETF buying on Thursday, 37,484 ounces or just over one tonne, is little more than one-third of what the central banks have been buying every single day.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202441062951_2.png" style="height:332px; width:605px" />
So, it seems clear that retail and institutional investors are not what is continuing to drive the gold price.
Ongoing reports on central bank buying will tell much of the story. However, there also appears to be a new source of demand, and it is not retail or traditional investors.
Rather, we suspect it is wealthy families and institutions, primarily in the Middle East and Asia but also in Europe, looking for an insurance asset to protect against financial instability. Gold&#39;s strength in the face of factors that are usually headwinds &mdash; a strong dollar, high interest rates, a (seemingly) strong economy, and buoyant equity markets &mdash; suggests that it is not traditional investment demand.
Of course, renewed expectations of Federal Reserve rate cuts favor gold. We have said repeatedly over the past 18 months that the gold sector will move when the Fed cuts rates before it has quashed inflation, and investors now sense that we are very close to that point. However, this past week, Fed chairman Jerome Powell showed a more hawkish tone than he had exhibited at his last post-meeting press conference. That, along with the strong jobs report and other economic reports this past week, would not increase the expectations of an imminent rate cut. Yet, upward drove the gold price.
<h2>The Economy Is Not as Strong as It Would Seem</h2>
Much economic data &mdash; including consumer debt levels &mdash; is also not encouraging and suggests that the Fed may cut rates soon. And the market knows it. Powell has specifically said that higher unemployment might prompt a rate cut.
And we know that the labor market is not as strong as the headlines suggest. The labor participation rate is still below pre-Covid. Government jobs have been one of the largest components of new hires. The ongoing difference between the household and payroll reports suggests many people have two jobs.
This year, indeed, there has been a loss of over 1.5 million full-time jobs but a gain in part-time jobs, according to government reports. (Thanks to Independent Speculator.) Even with all that, the headline unemployment rate has been inching up over the past year.
<h2>Early Signs of Some Interest as Gold Stocks and Silver Outperform Gold</h2>
The hard data on ETF and other fund flows clearly indicate that this segment is not responsible for gold&#39;s recent move, again pointing to over-the-counter purchases by large buyers that are not reported. Such buying is most likely from a relatively small number of very wealthy buyers. If these individuals are buying as an insurance asset, they too, like the central banks, will be long-term holders.
Another very interesting development is that both silver and gold stocks are now outperforming gold itself, something that normally signals a strong market and an increase in investor interest. Since the beginning of last month, gold and silver stocks have outperformed silver, which has outperformed gold. The stocks have returned more than twice that of gold.
So in sum, although looking at the year as a while, it would appear that central banks, and perhaps some very large family investors, have been buyers while institutional and retail, particularly in the West, have continued to be sellers, there has definitely been a shift in the last month.
If this continues, the moves could be explosive. The size of the gold and silver equity markets &mdash; a total market cap of about half a trillion, compared with over $3 trillion for Microsoft alone &mdash; suggests that only a small shift in assets from the erstwhile market leaders into the gold stocks will see stocks move dramatically higher.
<h2>Franco Buys Small Royalty as Large Transactions Are Elusive</h2>
Franco-Nevada Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) purchased a royalty from Scottie Resources on some exploration ground in the Golden Triangle, British Colombia, for just over CA$8 million.
The Golden Triangle has been a key focus for Newmont since its Newcrest acquisition. This is a very small deal for Franco and on early-stage exploration.
What is noteworthy, perhaps, is that Franco also bought CA$1.5 million in equity, another sign of Franco being prepared to shift away from the straight royalty or stream transactions as there are fewer opportunities to deploy large amounts of capital.
Offering equity, as it has done in some other recent deals with debt, perhaps helps the company win the royalty. As with Wheaton, we can probably expect to see more small transactions in the current environment.
We continue to like Franco as a core holding. It can be bought by investors who do not currently own it.
<h2>Altius Loses Takings Appeal</h2>
Altius Minerals Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/atusf#OTC">ATUSF</a>) reported that the Alberta Court of Appeal had upheld the earlier decision to summarily dismiss Altius&#39;s takings claim over its royalty on the Genesee coal mine. When the Alberta government ordered the power plant that was
Genesee&#39;s sole customer to switch away from coal, the mine owners were compensated, but Altius, the owner of a royalty on the mine, was not. The court ruled that the legal test for constructive taking was not met. Altius said it will determine if any further legal steps are warranted.
While disappointing, we do not believe that any potential award was priced into Altius&#39; share price. Altius continues to be a core holding for us, with broad exposure to the commodities space.
We are holding.
TOP BUYS this week, in addition to the above, include Nestl&eacute; SA (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>), Gladstone Investment Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gain#NASDAQ">GAIN</a>), and Orogen Royalties Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ognrf#OTC">OGNRF</a>).
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Franco-Nevada Corp., Altius Minerals Corp., and Orogen Royalties Inc.</li>
<li>Adrian Day: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with: All. I determined which companies would be included in this article based on my research and understanding of the sector.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Adrian Day Disclosures
Adrian Day&#39;s Global Analyst is distributed for $990 per year by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885.&nbsp;Publisher: Adrian Day. Owner: Investment Consultants International, Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor&#39;s opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. &copy; 2023. Adrian Day&#39;s Global Analyst. Information and advice herein are intended purely for the subscriber&#39;s own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively.

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Investors Move Toward Gold

If anyone needs any proof of how the landscape of investment has changed as a result of a handful of technology companies over the past decade, take a look at the world&#8217;s <a href="https://www.benzinga.com/topic/magnificent-seven">biggest sovereign wealth fund (SWF)</a>.
SWFs typically take a more conservative investment approach, more like pension funds, as they represent crown wealth rather than simply &#8220;other people&#8217;s money.&#8221; Norges Bank Investment Management (<a href="https://www.nbim.no/en/">NBIM</a>) is no different — or wasn&#8217;t in the past. 
But things have changed in the past couple of years.
We&#8217;ve all witnessed the rise of the mega-cap stock. The Magnificent Seven of technology stocks have ridden the wave of interest in artificial intelligence development to become companies with valuations into the hundreds of billions of dollars — in some cases trillions of dollars.
These riskier spectrum assets have become the foundation of investment at NBIM in the past couple of years. Let&#8217;s look at how things have changed over the past decade.
<h3 class="wp-block-heading">NBIM in 2014</h3>
A decade ago, NBIM was worth $1.08 trillion and took a much more conservative approach to investment.
In 2014 the Norwegian fund allotted $665.3 billion to equity markets, or 61.8% of its total investments, while 36.5% of investments were allotted to bonds — mostly the government bonds of the U.S., Japan, Germany and the U.K.. The rest of its holdings were scattered around various real estate and infrastructure projects.
Within its equity portfolio, its top five holdings were:
<ol>
<li>Nestle SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGF#OTC">NSRGF</a>), the Swiss food giant.</li>
<li>Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>), Swiss pharma giant, at the time, the world&#8217;s biggest drugmaker by market cap. </li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), the iPhone 6 model had just been launched.</li>
<li>Royal Dutch Shell — now just Shell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) the U.K.-based oil giant.</li>
<li>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) the world&#8217;s largest asset manager.</li>
</ol>
These companies represented solid value. Good dividend yields, from reliable corporations. A considered and conservative investment approach for a wealth manager that had recently come through the 2008-09 financial crisis and was still knee-deep into the eurozone sovereign debt crisis.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37891371/amd-stock-worth-a-27-return-if-it-reclaims-recent-record-highs?utm_source=www.stsheet.com&amp;utm_medium=newsletter&amp;utm_campaign=stuck-in-the-mud">AMD Stock Worth A 27% Return If It Reclaims Recent Record Highs</a>
<h3 class="wp-block-heading">NBIM in 2024</h3>
Now look at 2024. Notwithstanding high-interest rates, rising global geopolitical tensions, continuing — but receding — recession fears, suspicions of a stock market bubble and high-tech valuations, the landscape has changed dramatically. Even for a conservative institution such as the Norway SWF.
Now worth a total of nearly $1.4 trillion, a much larger 70.5% of its holdings are in equities, with just 27.1% in fixed income.
And, along with its higher allocation to equity markets, it has also raised the stakes on its top five holdings. In 2014, it allotted $8.02 billion to its top-holding Nestle, and just over $6 billion to its second Novartis.
In 2024, its top holdings are very familiar, but its allocations are vastly higher:
<ol>
<li>Apple — holdings valued at $33 billion</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) $31 billion</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) $16 billion</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) $14 billion</li>
<li>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) $12 billion</li>
</ol>
<h2 class="wp-block-heading">Wealth Fund Taking Greater Risk For Greater Returns</h2>
Thus, even the world&#8217;s biggest SWF has become an investor of the Magnificent Seven. Given the weight of returns seen by these half dozen or so tech megacaps over the past year, it&#8217;s hard not to be.
Norway&#8217;s sovereign wealth fund says that it invests in around 9,000 companies globally but, considering that its top five equity investments represent nearly 13% of its total $822 billion equity allocation, the rest is spread very thinly.
And so, although it claims its investments are spread to &#8220;capture global value creation and diversify risk as best as possible,&#8221; it&#8217;s taking more risk than it ever has done before with 13% of its equity exposure in one broad market segment on a single equity index in companies based in a single country.
While it has certainly come good on the value creation side of the above equation, the risk that a sudden market downturn could wipe several billions from the fund&#8217;s holdings is very real.
What&#8217;s going to drive that market downturn is difficult to predict at the moment, however, with earnings and guidance for much of the U.S. tech sector looking good, and predictions for a soft, or no, landing for the U.S. economy leading current thought. Just watch out for geopolitical developments.
Now Read: <a href="https://www.benzinga.com/markets/equities/24/03/37898024/ev-makers-cheer-bidens-electrifying-plan-uaw-demands-jobs-be-protected">EV Makers Cheer Biden&#8217;s Electrifying Plan: UAW Demands Jobs Be Protected</a>

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Magnificent 7 Stocks Become The Star Attractions For Norway's Sovereign Wealth Fund

After hitting a fresh record high on Monday, cocoa prices have slumped 13% — a sharp fall in just three days. But experts say the market remains in critical short supply, which is why Valentine&#8217;s Day <a href="https://www.benzinga.com/news/large-cap/24/02/37141514/cocoa-annual-inflation-tops-100-pushes-valentines-day-chocolate-pralines-to-unprecedented-costs">chocolates were so expensive</a>. 
Meanwhile, hedge funds continue to <a href="https://www.benzinga.com/markets/equities/24/02/37183247/choccy-horror-show-hedge-funds-pile-in-as-cocoa-soars-to-record-high">build up long positions</a>.
Despite the slump over the past three days, the U.S. cocoa futures price has jumped 43% to $5,999 a tonne since the start of the year. Four days ago it hit a fresh record high of $6,929.
This is particularly hard on companies such as Hershey Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>). The company reported earlier this month that it now expects flat earnings for 2024 due to higher raw materials costs.
&#8220;Historic cocoa prices are expected to limit earnings growth this year,&#8221; said Hershey CEO Michele Buck.
Shares in Hershey have fallen 8% to $186.25 since reporting its quarterly earnings and 2024 outlook on February 8.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/29092434/newplot-2024-02-29T132420.319.png" alt="" class="wp-image-234235" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/29092434/newplot-2024-02-29T132420.319.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/29092434/newplot-2024-02-29T132420.319-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/02/37183247/choccy-horror-show-hedge-funds-pile-in-as-cocoa-soars-to-record-high">Choccy-Horror Show: Hedge Funds Pile In As Cocoa Soars To Record High</a>
But what does this mean to the consumer? Ether you&#8217;ll pay more for your chocolate and candy bars, or pack sizes are smaller. 
&#8220;Chocolate prices are about to rise — and bars and boxes will shrink too,&#8221; <a href="https://twitter.com/JavierBlas/status/1759597009240047995">said</a> Javier Blas, columnist for Bloomberg and ex-FT commodities correspondent on X.
The cocoa crisis has been a long time in the making. Most farmers in West Africa are overwhelmingly poor smallholders who lack the means to reinvest in their farms. Now, left with mainly old trees, farmers face lower yields and plants that are more susceptible to disease.
&#8220;Both factors are at play this year, and the upshot is a brutal gap between supply and demand, with the market heading for a deficit of between 300,000 and 500,000 tonnes. If confirmed, that would be the largest shortfall in 65 years,&#8221; said Blas.
While this doesn&#8217;t necessarily mean there&#8217;ll be a scarcity of candy bars on shelves — there are global warehoused stockpiles of cocoa — these stocks are wearing thin, adding to price pressure.
The International Cocoa Organization <a href="https://www.icco.org/wp-content/uploads/ICCO-Monthly-Cocoa-Market-Report-%E2%80%93-January-2024.pdf">said</a>: &#8220;It would be beneficial if all major players reconsider the structural issues being faced by the cocoa sector — aged trees, diseases, remunerative farm gate prices, climatic challenges, etc.&#8221;
The World Cocoa Foundation <a href="https://worldcocoafoundation.org/news-and-resources/press-release/world-cocoa-foundation-wcf-draws-up-a-new-landscape-for-an-equitable-cocoa-sector">said</a> it was addressing the imbalance between the wages earned by farmers in Cote d&#8217;Ivoire and Ghana, the world&#8217;s two largest cocoa producers, and prices charged to western consumers.
&#8220;Improving farmer income must remain at the forefront of everything that we do,&#8221; said Chris Vincent, president.
<h3 class="wp-block-heading">This Isn&#8217;t A Short-Term Problem</h3>
Better-paid farmers able to finally plant new trees won&#8217;t solve the problem overnight. It can take around five years before new cocoa trees start to produce seed pods.
This adds up to profits for traders and hedge funds who built up a near $9 billion net long position.
Still, there remains rising costs and pressure on margins for chocolate companies such as Hershey in the weeks leading up to Easter.
Shares in rival Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) — owner of Cadbury, Milka and Toblerone chocolate brands — are down 5% this month. Nestle SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGF#OTC">NSRGF</a>), owner of Toll Bar, is down 8% in February.
There is no exchange-traded fund to track the price of cocoa directly, but the Consumer Staples Select Sector SPDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) has been performing reasonably well over the past few months. Since mid-October, it has gained 12.6% to $74.56.
Read Now: <a href="https://www.benzinga.com/markets/equities/24/02/37367334/gasoline-pump-prices-near-1-year-high-is-this-an-inflationary-threat">Gasoline Pump Prices Near 1-Year High: Is This An Inflationary Threat?</a>
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Is My Candy Bar Getting Smaller? Yes, A Chocolate Crisis Means Smaller, Pricier Hershey's

Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34552899/investor-frenzy-over-arms-ipo-pushes-valuation-to-new-heights-could-skyrocket-to-54b" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Investor Frenzy Over Arm&#39;s IPO Pushes Valuation To New Heights, Could Skyrocket To $54B</a>
<ul>
<li>The UK-based chip design firm&nbsp;Arm Holdings&nbsp;is gearing up for a blockbuster initial public offering that could value the company at a staggering $54 billion. The IPO is slated to be the most significant in the tech sector in two years.</li>
<li>Arm and its parent company,&nbsp;SoftBank&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sftbf#OTC">SFTBF</a>), are in the final stages of pricing their shares for the IPO.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34575134/goldman-axed-top-banking-executive-amid-communication-violation-scandal-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Goldman Axed Top Banking Executive Amid Communication Violation Scandal</a>
<ul>
<li>Goldman Sachs Group Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) has reportedly dismissed multiple employees from its budding corporate cash management division due to severe violations of its communications guidelines.&nbsp;</li>
<li>Four workers were terminated, including the Bank&#39;s partner,&nbsp;Hari Moorthy, the global head of transaction banking.</li>
<li>Earlier, banking institutions have paid fines for unapproved messaging apps such as WhatsApp to conduct company business.</li>
</ul>
&nbsp;
CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34567797/hiring-pullback-google-slashes-jobs-in-global-recruiting" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Hiring Pullback: Google Slashes Jobs in Global Recruiting</a>
<ul>
<li>Alphabet Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)&nbsp;Google&nbsp;is undergoing a significant workforce reduction in its global recruiting department as part of a larger-scale hiring slowdown projected for the coming quarters.&nbsp;</li>
<li>Despite the difficulty of this decision, Brian Ong, Google&#39;s Vice President of Recruiting, emphasized its necessity in light of the reduced hiring needs for the foreseeable future.</li>
</ul>
&nbsp;
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/09/34551446/starbucks-founder-former-ceo-to-leave-company-immediately-former-alibaba-exec-joins-board" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Starbucks Founder, Former CEO To Leave Company Immediately; Former Alibaba Exec Joins Board</a>
<ul>
<li>Starbucks Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) announced on Wednesday that founder and former CEO&nbsp;Howard Schultz&nbsp;is leaving the coffee chain&#39;s board effective immediately.</li>
<li>The move follows his departure as CEO in March of this year.</li>
<li>Reflecting on his 41-year tenure, Schultz thanked the company&#39;s employees and shareholders, and gave his support for the next generation of Starbucks leadership.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34580472/marvels-vfx-artists-vote-for-unionization-amid-industry-labor-struggles" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Marvel&#39;s VFX Artists Vote for Unionization Amid Industry Labor Struggles</a>
<ul>
<li>Amidst the backdrop of ongoing labor strikes in Hollywood,&nbsp;Marvel Studios&#39;&nbsp;visual effects (VFX) workers have voted unanimously in favor of unionization under the International Alliance of Theatrical Stage Employees (IATSE).&nbsp;</li>
<li>This marks the first time a dedicated unit of VFX professionals has joined forces with the group.</li>
<li>In recent years, VFX artists have grappled with mounting workloads and stringent deadlines while working on some of the industry&#39;s most high-budget franchise films. These challenges have given rise to tensions between VFX professionals and the studios.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34568514/singapore-to-review-ride-hailing-regulations-grab-and-goto-on-the-radar" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Singapore To Review Ride-Hailing Regulations, Grab And GoTo On The Radar</a>
<ul>
<li>Singapore could subject ride-hailing companies like&nbsp;Grab Holdings Ltd&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grab#NASDAQ">GRAB</a>) to new rules after it hinted at a crackdown on the regulations and structure governing the fast-growing industry.</li>
<li>The Land Transport Authority looks to revise the framework for the taxi and ride-hailing industries, focusing on the availability of supply, resilience, and the inclusivity of services while overseeing the adoption of clean-energy vehicles.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34577685/krogers-home-chef-battles-grubhub-over-sizzling-fork-and-knife-logo-controversy-who-wins" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Kroger&#39;s Home Chef Battles Grubhub Over Sizzling Fork-And-Knife Logo Controversy: Who Wins?</a>
<ul>
<li>Kroger Company&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>) Home Chef division, flaunting a fork-and-knife logo, faces a spicy twist as a U.S. appeals court wasn&#39;t swayed by their claim that Grubhub&#39;s look-alike logo could confuse consumers. Grubhub is part of&nbsp;Just Eat Takeaway.Com N.V.&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/jtkwy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">JTKWY</a>).</li>
<li>The legal tiff began as Home Chef and Grubhub used strikingly similar fork and knife logos.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34575526/shrinkflation-shame-french-supermarket-carrefour-targets-pepsico-unilever-and-others-by-issuing-pric" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">&#39;Shrinkflation&#39; Shame!: French Supermarket Carrefour Targets PepsiCo, Unilever and Others By Issuing Price Alerts</a>
<ul>
<li>Carrefour&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/crerf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CRERF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/crrfy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CRRFY</a>) has taken a proactive stance by issuing price alerts on several products as a strategic move to exert pressure on leading consumer goods suppliers such as&nbsp;Nestle SA&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGY</a>),&nbsp;PepsiCo Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/pep#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">PEP</a>), and&nbsp;Unilever Plc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ul#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UL</a>) to combat inflation in anticipation of forthcoming contract negotiations.</li>
<li>Carrefour is affixing labels to products that have undergone downsizing while their prices have increased, even after a decline in raw material costs.&nbsp;</li>
<li>Carrefour has marked 26 products in its French stores with labels stating, &quot;This product has seen its volume or weight fall, and the effective price by the supplier rise.&quot;&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/09/34573064/texas-billionaire-timothy-dunn-backed-us-oil-gas-player-explores-10b-sale" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Texas Billionaire Timothy Dunn Backed US Oil &amp; Gas Player Explores $10B Sale</a>
<ul>
<li>CrownRock&nbsp;is reportedly in the early stages of preparing for a potential sale, with insiders indicating that the company&#39;s valuation could surpass $10 billion, including its outstanding debt.&nbsp;</li>
<li>This prospective deal, slated for early 2024, could mark a significant milestone in the U.S. oil and gas industry, as it may be the largest transaction involving an oil and gas producer in the past three years.</li>
<li>Notable oil industry giants like&nbsp;Exxon Mobil Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/xom#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">XOM</a>) and&nbsp;Chevron Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cvx#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CVX</a>) are expected to be approached to gauge their interest in the potential acquisition of CrownRock.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/etfs/sector-etfs/23/09/34550410/airlines-caught-in-airfare-scandal-antitrust-lawsuit-shakes-delta-united" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Airlines Caught In Airfare Scandal: Antitrust Lawsuit Shakes Delta, United</a>
<ul>
<li>Delta Air Lines&nbsp;Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) and&nbsp;United Airlines&nbsp;Holdings Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) find themselves at the center of an antitrust class action lawsuit.</li>
<li>The accusations? Conspiring to inflate airfares across the U.S. by artfully reducing available seats on domestic flights.</li>
<li>U.S. District Judge&nbsp;Colleen Kollar-Kotelly&nbsp;dropped a legal bombshell on Tuesday, greenlighting the antitrust class action lawsuit.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34577922/billionaire-ron-baron-holds-1b-stake-in-elon-musks-spacex-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Billionaire Ron Baron Holds $1B Stake In Elon Musk&#39;s SpaceX</a>
<ul>
<li>Ron Baron, the Billionaire investor and fund manager, reportedly holds more than $1 billion worth of shares in Elon Musk&#39;s rocket company, SpaceX.</li>
<li>Baron is a close associate of Musk and a long-time investor in the electric car company&nbsp;Tesla Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsla#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSLA</a>).</li>
<li>He has also invested about $100 million to take X, formerly Twitter, private.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/09/34577920/microsoft-faces-formal-eu-complaint-over-teams-app-despite-remediation-efforts" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Microsoft Faces Formal EU Complaint Over Teams App Despite Remediation Efforts</a>
<ul>
<li>Microsoft Corp&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) attempt to address EU concerns about its Teams video-conferencing app failed, with the European Union&#39;s antitrust enforcers now preparing a formal complaint against the tech giant.&nbsp;</li>
<li>Microsoft&#39;s proposal to separate Teams from its broader business software package and offer it to customers independently with an annual discount did not alleviate regulators&#39; worries.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34575486/electronic-arts-star-wars-visionary-stig-asmussen-departs-whats-next-for-the-gaming-giant" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Electronic Arts&#39; Star Wars Visionary Stig Asmussen Departs - What&#39;s Next for the Gaming Giant?</a>
<ul>
<li>Video game director Stig Asmussen, known for his role in reviving&nbsp;Electronic Arts Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>) Star Wars game franchise, is bidding farewell to the company.&nbsp;</li>
<li>This news comes as a significant development in the gaming world. Electronic Arts confirmed Asmussen&#39;s departure.&nbsp;</li>
<li>An EA spokesperson noted that seasoned Respawn leaders would step up to continue their work on &quot;Star Wars Jedi: Survivor,&quot; ensuring a smooth transition.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/09/34436783/longeveron-nasdaq-lgvn-reports-100-5-year-survival-in-trial-for-rare-pediatric-disease-hlhs-compa" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AI Frenzy: OpenAI Expands Global Presence with New Dublin Office</a>
<ul>
<li>Microsoft Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) backed&nbsp;OpenAI Inc.&nbsp;eyes a second base outside the U.S. office, this time in Dublin.</li>
<li>CEO Sam Altman praised Ireland&#39;s tech and startup ecosystem&#39;s &quot;impressive growth and advancement.&quot;&nbsp;</li>
<li>The ChatGPT parent previously announced its first outside the U.S. in June in London.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/mid-cap/23/09/34552387/casino-giants-face-cybersecurity-crisis-caesars-entertainment-falls-prey-to-hackers-post-mgm-attack" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Casino Giants Face Cybersecurity Crisis: Caesars Entertainment Falls Prey To Hackers Post-MGM Attack</a>
<ul>
<li>In a recent cybersecurity breach,&nbsp;Caesars Entertainment Inc.&nbsp;CZR reportedly paid millions to cyber attackers to prevent the leak of company data.</li>
<li>The fallout of this incident has led to a substantial drop in the company&#39;s share prices.</li>
<li>Caesars Entertainment&nbsp;reportedly paid a hefty sum to a group of hackers called&nbsp;&quot;Scattered Spider&quot;&nbsp;or&nbsp;&quot;UNC 3944.&quot; The cyber attackers breached the company&#39;s systems via an external IT vendor&#39;s network.</li>
</ul>

CRERF

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Arm's IPO Could Be Valued At $54B, Google Slashes Jobs in Global Recruiting, Starbucks Founder And Former CEO To Leave: Today's Top Stories

Carrefour&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/crerf#OTC">CRERF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/crrfy#OTC">CRRFY</a>) has taken a proactive stance by issuing price alerts on several products as a strategic move to exert pressure on leading consumer goods suppliers such as&nbsp;Nestle SA&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGY</a>),&nbsp;PepsiCo Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pep#NYSE">PEP</a>), and&nbsp;Unilever Plc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ul#NYSE">UL</a>) to combat inflation in anticipation of forthcoming contract negotiations.
Carrefour is affixing labels to products that have undergone downsizing while their prices have increased, even after a decline in raw material costs.&nbsp;
This action aims to garner consumer support as retailers brace themselves for negotiations with some of the world&#39;s largest brands, set to commence soon and conclude by October 15.
Carrefour has marked 26 products in its French stores with labels stating, &quot;This product has seen its volume or weight fall, and the effective price by the supplier rise.&quot;&nbsp;
Finance Minister&nbsp;Bruno Le Maire&nbsp;supports this stance and, in June, summoned 75 major retailers and consumer groups to his ministry, urging them to lower prices.&nbsp;
Following another round of meetings last month, Reuters noted, Le Maire stated that Unilever, Nestle, and PepsiCo were among the companies not adhering to the price reduction initiative.
Consumer groups argue that &quot;shrinkflation&quot; is widespread, with supermarkets like Carrefour engaging in it with their private label products.
The shrinkflation warnings are displayed in all Carrefour stores in France and will continue until the targeted suppliers agree to reduce their prices.&nbsp;
While the retailer may extend these warnings to other products, there are no plans to expand this initiative to other countries.
Le Maire announced last month that consumer goods companies and retailers had agreed to advance annual price negotiations to September, which typically take place next year. These negotiations will result in price reductions starting from January.

'Shrinkflation' Shame!: French Supermarket Carrefour Targets PepsiCo, Unilever and Others By Issuing Price Alerts

The Hill
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33369672/ron-desantis-escapes-car-accident-unhurt-en-route-to-campaign-event" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ron DeSantis Escapes Car Accident Unhurt En Route To Campaign Event</a>
<ul>
<li>The campaign for Republican presidential contender and Florida Gov.&nbsp;Ron DeSantis&nbsp;said the candidate and a few of his team members were involved in a vehicular accident on their way to a campaign event on Tuesday.</li>
<li>DeSantis and his staff emerged unscathed from the incident.</li>
</ul>
&nbsp;
Business Insider
<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33365147/nvidias-ai-revenues-to-skyrocket-10x-and-hit-300b-by-2027-says-analyst" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Nvidia&#39;s AI Revenues To Skyrocket 10X And Hit $300B By 2027, Says Analyst</a>
<ul>
<li>Nvidia Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) could generate up to $300 billion in artificial intelligence (A.I.) revenues by 2027, a tenfold increase from the expected earnings this year.</li>
<li>Analyst Vijay Rakesh of&nbsp;Mizuho&nbsp;predicts that Nvidia&#39;s A.I. revenues could skyrocket in the coming years, driven by the company&#39;s strong position in the A.I. market.</li>
<li>Nvidia made $7.2 billion in the first quarter, more than experts predicted. But, the company didn&#39;t share how much money it made from its AI businesses.</li>
</ul>
&nbsp;
Techcrunch
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33361786/uk-developers-unite-over-1-500-app-makers-launch-class-action-suit-against-apple-for-unfair-app-stor" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UK Developers Unite: Over 1,500 App Makers Launch Class Action Suit Against Apple for Unfair App Store Fees</a>
<ul>
<li>Over 1,500 U.K.-based developers slapped a class action lawsuit against&nbsp;Apple Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aapl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAPL</a>) involving a penalty of up to &pound;800 million (over $1 billion).</li>
<li>The plaintiffs alleged the iPhone maker of abusing a dominant position by charging an &quot;anti-competitive&quot; 30% fee on in-app sales made by app makers on its iOS App Store. Also, Apple deprived U.K. consumers and developers of money spent on R&amp;D to drive forward app innovation.</li>
</ul>
&nbsp;
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33362760/activists-raise-alarm-as-microsoft-invests-2b-in-saudi-cloud-facility-cite-data-privacy-concerns" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Activists Raise Alarm as Microsoft Invests $2B in Saudi Cloud Facility, Cite Data Privacy Concerns</a>
<ul>
<li>Microsoft Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) disclosed a $2 billion investment to build a data center region in Neom during LEAP 2023, an annual tech conference in Riyadh, Saudi Arabia.&nbsp;</li>
<li>The event brings together high-profile business leaders and Saudi officials, spearheaded by Crown Prince Mohammed bin Salman.</li>
<li>The project has a total estimated cost of $1 trillion, with significant funding from the Kingdom of Saudi Arabia&#39;s sovereign wealth fund, the Public Investment Fund.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33362438/tiktok-takes-on-twitter-launches-text-based-posts-to-challenge-social-media-rivals" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TikTok Takes On Twitter: Launches Text-Based Posts to Challenge Social Media Rivals</a>
<ul>
<li>TikTok&#39;s&nbsp;latest feature, allowing users to post written content, is likely a strategic move to expand its platform beyond video sharing and compete with&nbsp;Twitter Inc&#39;s&nbsp;text-focused format.&nbsp;</li>
<li>By offering text-based posts, TikTok aims to provide its users with more creative opportunities and increase engagement on the platform.</li>
</ul>
&nbsp;
CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33366725/adidas-expects-smaller-operating-loss-in-2023-after-parting-ways-with-kanye-wests-yeezy-collection" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Adidas Expects Smaller Operating Loss in 2023 After Parting Ways with Kanye West&#39;s Yeezy Collection</a>
<ul>
<li>German sportswear firm&nbsp;Adidas AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTC">ADDYY</a>) expects a significantly smaller operating loss for FY23 following better-than-expected early sales of its Yeezy stock, which it offloaded after cutting relations with collection creator Ye.</li>
<li>The company&#39;s potential write-off from remaining inventory was now &euro;400 million ($442.5 million), down from &euro;500 million, as it trimmed its operating loss forecast for 2023 to &euro;450 million from &euro;700 million.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33364937/h-m-sues-shein-for-copying-dozens-of-its-designs-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">H&amp;M Sues Shein For Copying Dozens Of Its Design</a>
<ul>
<li>Hennes &amp; Mauritz AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hnnmy#OTC">HNNMY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hmrzf#OTC">HMRZF</a>) reportedly sued the fast-fashion retailer&nbsp;Shein&nbsp;for copyright infringement in Hong Kong.</li>
<li>H&amp;M had included dozens of stolen pictures of clothing, ranging from swimwear to sweaters, as evidence against Shein during a hearing at the Hong Kong High Court on June 21.</li>
<li>The next hearing on the case is expected on July 31.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33361098/whats-going-on-nvidia-stock-tuesday" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSMC To Invest $2.9B In Advanced Chip Packaging Plant In Taiwan</a>
<ul>
<li>Nvidia Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) stock is trading higher Tuesday. Its peer&nbsp;Taiwan Semiconductor Manufacturing Company Ltd&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsm#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSM</a>) has earmarked nearly T$90 billion ($2.87 billion) for an advanced packaging facility in northern Taiwan.</li>
<li>The&nbsp;Apple Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aapl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAPL</a>) and Nvidia supplier is eying an advanced packaging fab in the Tongluo Science Park.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33366169/fedex-pilots-reject-contract-deal-prompting-renewed-negotiations-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FedEx Pilots Reject Contract Deal, Prompting Renewed Negotiations</a>
<ul>
<li>FedEx Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) pilots are reportedly likely to reopen negotiations after rejecting a tentative contract deal.</li>
<li>FDX pilots rejected a tentative contract deal with the parcel delivery firm, and the two sides will reopen negotiations, likely under the supervision of the National Mediation Board.</li>
<li>The proposed FedEx deal included a 30% pay rise and a 30% increase in the pilots&#39; legacy pensions.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33365585/nestle-danone-price-rises-to-put-them-under-frances-inflation-scanner-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Nestle, Danone Price Rises To Put Them Under France&#39;s Inflation Scanner</a>
<ul>
<li>Product prices of food and beverages manufacturers&nbsp;Nestle S.A.(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGY</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsrgf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSRGF</a>) and&nbsp;Danone&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/danoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DANOY</a>) have reportedly risen by more than 10% this year in France, putting them under the inflation scanner of the country.</li>
<li>The price hike has potentially pressured the companies to renegotiate with French retailers.</li>
<li>France&#39;s Finance Minister Bruno Le Maire secured an affirmation from 75 food enterprises to slash prices.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33365520/american-airlines-faces-voting-delay-for-pilot-contract-offer-for-indefinite-time-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">American Airlines Faces Voting Delay For Pilot Contract Offer For &#39;Indefinite Time</a>
<ul>
<li>American Airlines Group Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) reportedly disclosed that the pilot union postponed the ratification vote for a tentative agreement indefinitely.</li>
<li>The voting on the current deal was set to commence on Monday for American Air&#39;s pilots.</li>
<li>As per the union, the voting will occur &quot;at a date and time to be determined.&quot;</li>
</ul>
&nbsp;
Earnings
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33361991/why-unilever-shares-are-rising-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Unilever Shares Are Up After Strong Q2 Earnings</a>
<ul>
<li>Unilever Plc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ul#NYSE">UL</a>) reported an underlying sales&nbsp;<a class="editor-rtfLink" href="https://www.unilever.com/news/press-and-media/press-releases/2023/solid-first-half-performance-continued-growth-across-all-business-groups/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">growth&nbsp;</a>of 9.1% in the first half of FY23, with a 9.4% price increase and a (0.2)% decline in volume.</li>
<li>Turnover increased 2.7% to &euro;30.4 billion, with -3.2% from currency and -2.7% from disposals net of acquisitions.</li>
<li>&nbsp;Unilever expects underlying sales growth for the full year to be above 5%, ahead of its multi-year range.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33369007/why-general-electric-shares-are-soaring-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">General Electric Q2 Earnings Tops Street View</a>
<ul>
<li>General Electric Co&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ge#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GE</a>) reported second-quarter FY23 revenues of $16.70 billion, an increase of 18% year-over-year, beating the consensus of $15 billion.</li>
<li>Adjusted EPS was $0.68, up from $0.36 a year ago, beating the consensus of $0.46.</li>
<li>GE now expects Organic revenue growth in the low double-digit range, up from the prior high-single-digit range.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33364448/why-general-motors-shares-are-trading-higher-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">General Motors Lifts Annual Guidance On Q2 Earnings</a>
<ul>
<li>General Motors Company&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/gm#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GM</a>) reported second-quarter FY23 sales growth of 25% year-on-year to $44.75 billion, beating the analyst consensus of $42.64 billion.</li>
<li>Adjusted EPS of $1.91 beat the analyst consensus of $1.85.</li>
<li>General Motors raised its FY23 net income outlook from $8.4 billion-$9.9 billion to $9.3 billion-$10.7 billion.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33364901/xerox-stock-gains-after-mixed-q2-performance-heres-why" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Xerox Stock Gains After Mixed Q2 Performance</a>
<ul>
<li>Xerox Holdings Corp&nbsp;(NASDAQ:&nbsp;XRX) reported second-quarter FY23 sales growth of 0.4% year-on-year to $1.75 billion, marginally missing the consensus of $1.76 billion. Revenues grew 0.5% at constant currency.</li>
<li>Adjusted EPS of $0.44 beat the analyst consensus of $0.30.&nbsp;</li>
<li>The company expects revenue of $7.1 billion (consensus $6.98 billion). The company forecasts a free cash flow of at least $600 million, up from the prior $500 million.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33363633/spotify-stock-plunges-after-q2-earnings-heres-why" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Spotify Reports Lower Than Expected Q2 Earnings</a>
<ul>
<li>Spotify Technology SA&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/spot#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SPOT</a>) stock traded lower after it reported second-quarter FY23 revenue growth of 11% year-on-year to &euro;3.18 billion ($3.46 billion), missing the consensus of $3.57 billion. Premium Revenue grew 11% Y/Y to &euro;2.77 billion, helped by subscriber additions.</li>
<li>Loss per share of &euro;(1.55) or $(1.69) missed the consensus loss of $(0.70).</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/07/33365698/biogen-q2-earnings-tops-expectations-shift-resources-to-higher-value-area-s-layoff-1k-staff" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Biogen Q2 Earnings Tops Expectations, Shift Resources To Higher Value Area(s), Layoff 1K Staff</a>
<ul>
<li>Biogen Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biib#NASDAQ">BIIB</a>) posted Q2 FY23 sales of $2.46 billion, beating the consensus of $2.37 billion, down 5% Y/Y and 3% at constant currency (CC).</li>
<li>The company said the new &quot;Fit for Growth&quot; program is expected to generate approximately $1 billion in gross operating expense savings, approximately $300 million of which will be reinvested into product launches and R&amp;D programs, resulting in approximately $700 million in net operating expense savings by 2025 &ndash; the program includes net headcount reduction of approximately 1,000.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33365623/verizon-q2-earnings-eps-beat-consumer-ebitda-margin-improvement-and-more" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Verizon Q2 Earnings: EPS Beat, Consumer EBITDA Margin Improvement and More</a>
<ul>
<li>Verizon Communications Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vz#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VZ</a>) stock traded higher Tuesday after it reported second-quarter FY23 results.&nbsp;</li>
<li>It clocked a sales decline of 3.5% year-on-year to $32.6 billion, missing the consensus of $33.3 billion. Adjusted EPS of $1.21 beat the consensus of $1.16.</li>
<li>Verizon reiterated wireless service revenue growth of 2.5% - 4.5% and adjusted EPS outlook of $4.55 - $4.85 versus the consensus of $4.68.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33363925/danaher-stock-falls-after-q2-earnings-heres-why" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Danaher Annual Guidance Disappoints</a>
<ul>
<li>Danaher Corp&nbsp;(NYSE:&nbsp;DHR) has logged Q2 FY23 adjusted EPS of $2.05, down from $2.76 a year ago, surpassing the consensus of $2.01.</li>
<li>Sales decreased 7.5% Y/Y to $7.16 billion, beating the consensus of $7.11 billion, with a 7% non-GAAP core revenue decrease, due to lower COVID-19 revenue and 2% non-GAAP base business core revenue growth.&nbsp;</li>
<li>For FY23, the company anticipates non-GAAP base business core revenue growth will be up low-single digits year-over-year, compared to high-single digits earlier.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33367199/why-dover-shares-are-sliding-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Dover Shares Fall As Q2 Earnings Miss Street Consensus</a>
<ul>
<li>Dover Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/dov#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DOV</a>) reported a Q2 2023 revenue decline of 3% Y/Y to $2.10 billion and +3% Y/Y organic, missing the consensus of $2.20 billion.</li>
<li>Adjusted EPS declined 4% Y/Y to $2.05, missing the consensus of $2.20.</li>
<li>Dover expects adjusted EPS of $8.85-$9.00 (vs. consensus of $8.98 and vs. $8.85-$9.05 prior); and revenue growth of 2%-4% (all-in and organic vs. prior outlook of 3%-5%).</li>
</ul>
Photo via Wikimedia Commons

ADDYY

BIIB

HMRZF

HNNMY

SPOT

Ron DeSantis Escapes Car Accident Unhurt En Route To Campaign Event, TikTok Takes On Twitter, Analysts Expect Nvidia's AI Revenues To Reach $300B In Five Years: Today's Top Stories

Product prices of food and beverages manufacturers Nestle S.A.(OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgy#OTC">NSRGY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) and&nbsp;Danone&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/danoy#OTC">DANOY</a>) have reportedly risen by more than 10% this year in France, putting them under the inflation scanner of the country.
The price hike has potentially pressured the companies to renegotiate with French retailers, Reuters&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/retail-consumer/nestle-danone-hikes-may-put-them-frances-inflation-radar-2023-07-25/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported&nbsp;</a>citing data citing relevant data pertaining to the issue.
On June 9, France&#39;s Finance Minister Bruno Le Maire secured an affirmation from 75 food enterprises to slash prices, the report read.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30499543/french-minister-warns-europe-not-to-get-embroiled-in-biden-xi-standoff-us-wants-to-oppose-china-we-w" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">French Minister Warns Europe Not To Get Embroiled In Biden-Xi Standoff: &#39;US Wants To Oppose China, We Want To Engage China&#39;</a>
French shoppers have spent more than 20% more for Nestle products each month since January versus last year, the report specified. Price increases of Nestle peaked at 36.6% in May, Reuters noted.&nbsp;
Similarly, shops sold products made by Danone for between 11.2% and 16.7% more than last year in the first six months of the year, the report added.
&quot;Whereas in most countries retailers and food producers adjust the price of products frequently, France has set by law a three-month time window where such negotiations can take place, between December 1 and March 1 every year. Prices are then blocked for a full year unless one-to-one deals include review clauses,&quot; Reuters added.

NSLYF

Nestle, Danone Price Rises To Put Them Under France's Inflation Scanner: Report

<ul>
<li>The Federal Trade Commission&#39;s (FTC) investigation concerns potential collusion among baby-formula manufacturers as it examines whether companies like&nbsp;Abbott Laboratories&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abt#NYSE">ABT</a>) and other formula manufacturers have engaged in collusion or coordination while bidding for state contracts.</li>
<li>Furthermore, the agency is also exploring whether the coordination among these companies has had a broader impact on sales outside of the Women, Infants, and Children (WIC) formula-supply program, as stated by FTC Commissioner Alvaro Bedoya.&nbsp;</li>
<li>Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/05/32530497/abbotts-baby-formula-brouhaha-judge-says-no-harm-no-foul-in-contamination-controversy" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Abbott&#39;s Baby Formula Brouhaha: Judge Says No Harm, No Foul in Contamination Controversy</a>.</li>
<li>Abbott Laboratories has stated its cooperation with the FTC&#39;s investigation, Wall Street Journal&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/articles/baby-formula-collusion-ftc-864aeb94?mod=latest_headlines" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported</a>.&nbsp;</li>
<li>In previous correspondence, Abbott&#39;s lawyers denied any knowledge of collusion or coordination and expressed confusion regarding the factual basis of the agency&#39;s investigation.</li>
<li>In January, the FTC had initially requested information from Abbott as a part of its investigation into companies bidding for state infant-formula supply contracts.&nbsp;</li>
<li>Nestl&eacute; SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgy#OTC">NSRGY</a>) also received a request for information from the FTC and has responded accordingly.&nbsp;</li>
<li>Reckitt Benckiser Group Plc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rbgly#OTC">RBGLY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rbgpf#OTC">RBGPF</a>), another company frequently awarded WIC contracts, has not commented on the specific government investigations but stated its commitment to complying with regulatory and enforcement agencies&#39; requests.</li>
<li>While the FTC declined to provide further details, labeling them as nonpublic, the investigation is one among several initiated by federal agencies against Abbott,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/03/31443656/republicans-seek-documents-schedule-hearing-related-to-fdas-response-to-baby-formula-shortage" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">including a criminal investigation</a>&nbsp;by the Justice Department prompted by the closure of one of Abbott&#39;s manufacturing plants last year, which contributed to a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/02/25712474/abbott-recalls-baby-formula-manufactured-at-michigan-facility" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">nationwide formula shortage</a>.</li>
<li>The recently revealed FTC documents shed light on Abbott&#39;s attempts to limit the information request and the FTC&#39;s rejection of their request.&nbsp;</li>
<li>Price Action:&nbsp;ABT shares closed at $105.74 on Tuesday.</li>
</ul>

Legal

RBGLY

RBGPF

Is There Collusion in the Baby-Formula Industry?: FTC Scrutinizes State Contracts Bidding Process

The Justice Department&#39;s consumer-protection branch is conducting an investigation into infant formula maker Abbott Laboratories (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abt">ABT</a>).
The Wall Street Journal has <a href="https://www.wsj.com/articles/abbott-under-criminal-investigation-over-baby-formula-11674255871?mod=hp_lead_pos2" target="_blank">reported</a> that the Justice Department is investigating conduct at Abbott&#39;s plant in Sturgis, Michigan, citing people familiar with the matter.
&quot;The DOJ has informed us of its investigation, and we&#39;re cooperating fully,&quot; The WSJ quoted an Abbott spokesman saying.
Abbott recalled formula and shut down production at its Sturgis manufacturing plant in February 2022 after infants who&nbsp;<a href="https://www.benzinga.com/news/22/05/27243278/abbott-fda-agree-on-consent-decree-for-reopening-michigan-baby-formula-plant-what-you-need-to-know" target="_blank">consumed formula made at the facility&nbsp;became sick.</a>
Last year, in January, FDA inspectors found bacteria at the plant after receiving complaints. The FDA also found damage to drying equipment&nbsp;and defects in the seams of formula cans.&nbsp;
Also Read:&nbsp;<a href="https://www.benzinga.com/general/22/05/27233861/abbott-spent-5b-on-stock-buybacks-instead-of-fixing-its-baby-formula-factory">Abbott Spent $5B On Stock Buybacks Instead Of Fixing Its Baby Formula Factory</a>
The plant shutdown led&nbsp;to a nationwide infant formula shortage. Abbott makes Similac, the country&#39;s top-seller baby formula.&nbsp;
In May, Abbott signed a consent decree with the FDA detailing the steps the company would need to take to reopen the Sturgis plant.&nbsp;
Abbott,&nbsp;Reckitt Benckiser Group (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rbgly#OTC">RBGLY</a>) and&nbsp;Nestl&eacute; SA&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) Gerber Products Company&nbsp;<a href="https://energycommerce.house.gov/sites/democrats.energycommerce.house.gov/files/documents/Briefing%20Memo_OI%20Hearing_2022.05.25_0.pdf" target="_blank">hold approximately 95% of the domestic infant formula market</a>, with each company&#39;s pre-recall share estimated at 42%, 38%, and 15%, respectively.
Photo: courtesy of Shutterstock.

Abbott Laboratories Under DOJ Investigation Into 2022 Baby Formula Plant Shutdown: Report

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/10/29318729/us-lawmakers-plan-hearing-on-kroger-albertsons-25b-merger" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">US Lawmakers Plan Hearing On Kroger, Albertsons&#39; $25B Merger</a>
<ul>
<li>U.S. senators inspecting antitrust issues are set to hold a hearing on grocery chain Kroger Co&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>) plan to acquire rival Albertsons Companies Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aci#NYSE">ACI</a>) in a $25 billion deal.</li>
<li>Chair of the Senate Judiciary Committee antitrust panel, Democratic Senator Amy Klobuchar, and Republican Senator Mike Lee expressed serious concerns about the merger.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/entertainment/22/10/29317169/amazon-fined-by-russia-for-failing-to-remove-content-about-drug-use-suicide" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Fined By Russia For Failing To Remove Content About Drug Use, Suicide</a>
<ul>
<li>Amazon.com Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) was handed a fine by a court in Russia for failing to remove proscribed content on Tuesday.</li>
<li>A Moscow court fined the Jeff Bezos-founded conglomerate 4 million rubles ($65,000) for failing to remove content related to drug use and suicide without elaborating on specifics.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/10/29320311/us-sends-gileads-covid-19-antiviral-to-safeguard-health-workers-in-uganda-ebola-outbreak" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">US Sends Gilead&#39;s COVID-19 Antiviral To Safeguard Health Workers In Uganda Ebola Outbreak</a>
<ul>
<li>The U.S. sent Gilead Sciences Inc&#39;s (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/gild#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GILD</a>) remdesivir and Mapp Biopharmaceutical Inc&#39;s experimental Ebola antibody drug MBP134 to Uganda as a response to the Ebola outbreak.</li>
<li>The medicines will help safeguard healthcare workers responding to an outbreak that has infected 60 people and killed 44.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/10/29319552/germanys-merck-slapped-with-formal-french-investigation-related-to-its-thyroid-drug" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Germany&#39;s Merck Slapped With Formal French Investigation Related To Its Thyroid Drug</a>
<ul>
<li>The French court is reportedly investigating Germany-based Merck KGaA (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mkkgy#OTC">MKKGY</a>), saying the company provided misleading information regarding its thyroid drug product Levothyrox.</li>
<li>The ruling did not concern the new formula for the Levothyrox product but how the company provided information when changing from the old to the new formula.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29319574/amazon-gets-another-breather-as-workers-dump-ny-union" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Earns Another Breather As Workers Dump NY Union</a>
<ul>
<li>Amazon.com Inc workers rejected organizing a New York state warehouse by a nearly two-to-one margin serving as another defeat to the countrywide labor union activism.</li>
<li>It marked Amazon workers&#39; third rejection in forming, including at a second New York City facility and another in Alabama.</li>
<li>Amazon recently raised its U.S. average starting pay for front-line staff.</li>
<li>Michael Pachter, an analyst at Wedbush Securities, said, &quot;If workers feel they are fairly paid, they are less likely to unionize.&quot;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29320739/singapore-fashion-brand-lovebonito-plans-first-us-store-in-2023-eyes-ipo-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Singapore Fashion Brand Lovebonito Plans First US Store In 2023, Eyes IPO</a>
<ul>
<li>Singapore&#39;s Direct-to-Consumer retailer Lovebonito Holdings is planning to open its first U.S. brick-and-mortar store in 2023.</li>
<li>Love, Bonito female fashion brand is backed by investors, including Chinese buyout firm Primavera Capital Group.</li>
<li>&quot;The U.S is really one of the big bet markets for us that we want to double down on,&quot; the report quoted CEO Dione Song.</li>
</ul>

Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/10/29317662/celsius-faces-federal-investigations-in-40-states-for-suspending-crypto-withdrawals" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Celsius Faces Federal Investigations In 40 States For Suspending Crypto Withdrawals</a>
<ul>
<li>Cryptocurrency lender Celsius Network (CRYPTO: CEL/USD), which declared bankruptcy earlier this year, told a U.S. bankruptcy court that it is facing several &quot;federal investigations.&quot;</li>
<li>Celsius has been subject to enforcement proceedings or investigations in at least 40 states, it told the Southern District of New York.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/10/29321029/surveymonkey-parent-momentive-global-shares-jump-premarket-on-takeover-speculation" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SurveyMonkey Parent Momentive Global Shares Jump Premarket On Takeover Speculation</a>
<ul>
<li>SurveyMonkey owner Momentive Global Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mntv#NASDAQ">MNTV</a>) explored a sale after getting takeover interest.</li>
<li>Momentive is working with a financial adviser.</li>
<li>Zendesk Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zen#NYSE">ZEN</a>) agreed to buy Momentive in 2021 for nearly $4 billion in an all-stock deal. </li>
</ul>

CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29320037/rolls-royce-chief-touts-its-debut-ev-as-most-perfect-product-bags-massive-orders-even-before-launch" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Rolls-Royce Chief Touts Its Debut EV As &#39;Most Perfect&#39; Product; Bags Massive Orders Even Before Launch</a>
<ul>
<li>More than 300 U.S. buyers have already put down deposits for Rolls Royce Holdings plc&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rycey#OTC">RYCEY</a>) debut electric vehicle before its unveiling on October 18.</li>
<li>Rolls-Royce CEO Torsten Muller-Otvos told CNBC that the buyers visited the company&#39;s headquarters in Goodwood, England, over the past two weeks to get a sneak peek at the Spectre, which had a starting price tag of $413,000.</li>
<li>&quot;Spectre is the most perfect product that Rolls Royce has ever produced,&quot; Muller-Otvos said.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29320040/target-stores-to-sell-caraways-kitchenware-products-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Target Stores To Sell Caraway&#39;s Kitchenware Products</a>
<ul>
<li>Target Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgt#NYSE">TGT</a>) will sell kitchenware and home goods brand Caraway&#39;s products in 350 stores starting this week.</li>
<li>New York-based Caraway is a direct-to-consumer company whose goods are already available on Target&#39;s website.</li>
<li>The latest move to sell products in Target&#39;s brick-and-mortar stores is expected to widen the customer base and drive growth.</li>
</ul>

Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29320792/amazon-braces-for-uks-insurance-market-with-latest-offering" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Braces For UK&#39;s Insurance Market With Latest Offering</a>
<ul>
<li>Amazon.com Inc launched a portal for buying insurance in the U.K., challenging veteran price comparison sites.</li>
<li>Amazon launched a home insurance comparison service a week after Apple Inc announced new high-yield savings account with Goldman Sachs Group Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>).</li>
</ul>

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29318252/spacex-launches-starlink-aviation-for-in-flight-connectivity-elon-musk-says-itll-feel-like-accessing" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SpaceX Launches&#39; Starlink Aviation&#39; For In-Flight Connectivity, Elon Musk Says It&#39;ll Feel Like &#39;Accessing Internet At Home&#39;</a>
<ul>
<li>Elon Musk-owned SpaceX&#39;s Starlink has launched a new service allowing air travelers to stay connected while on a flight.</li>
<li>Starlink announced &quot;Starlink Aviation,&quot; which, according to the company, will provide high-speed, low-latency, in-flight internet with connectivity across the globe.</li>
<li>The service will deliver up to 350 Mbps to each plane, allowing all passengers to access streaming-capable internet at the same time, Starlink said.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/gaming/22/10/29318104/netflix-seriously-exploring-cloud-gaming-space-as-it-launches-another-studio" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Netflix&#39; Seriously Exploring&#39; Cloud Gaming Space As It Launches Another Studio</a>
<ul>
<li>Netflix Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) plans to dive deep into gaming and is considering its cloud gaming platform.</li>
<li>At the TechCrunch Disrupt conference on Tuesday, the company&#39;s VP of games, Mike Verdu, said that the streaming giant is &quot;seriously exploring a cloud gaming offering so that we can reach members on TVs and PCs.&quot;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/10/29317736/as-apple-refreshes-ipad-models-4k-tv-ahead-of-holiday-season-analysts-weigh-in-on-p" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">As Apple Refreshes iPad Models, 4K TV Ahead Of Holiday Season, Analysts Weigh In On Pricing And Features</a>
<ul>
<li>Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) decided to do away with a launch event and announced another batch of new hardware products on Tuesday via press releases. The launches aligned with what Bloomberg&#39;s Mark Gurman reported on Saturday.</li>
<li>Commenting on the launches, Loup Funds&#39; Gene Munster noted that it had been four years since Apple updated the iPad and Pro before the holiday season. He added that these products account for about 6% of overall revenue.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29318932/apple-cuts-iphone-14-plus-production-to-tap-demand-for-premium-iphone-pro-models" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Cuts iPhone 14 Plus Production To Tap Demand For Premium iPhone Pro Models</a>
<ul>
<li>Apple Inc slashed the iPhone 14 Plus production less than two weeks after its debut.</li>
<li>Apple has told at least one manufacturer in China to immediately halt production of iPhone 14 Plus components while its procurement team reevaluated demand for the product. </li>
<li>Apple had positioned the iPhone 14 Plus as a cheaper alternative to its more expensive iPhone Pro models equipped with a large screen.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29320009/consumers-should-be-ready-for-further-price-increases-nestles-chief-executive-says" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Consumers Should Be Ready For Further Price Increases, Nestle&#39;s Chief Executive Says</a>
<ul>
<li>Nestle SA&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgy#OTC">NSRGY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) Chief Executive Officer Mark Schneider said inflation will remain an issue in 2023.</li>
<li>&quot;We are seeing huge upward pressure on energy, some agricultural commodities, and transportation costs.&quot;</li>
<li>Schneider said wages would add to cost pressure next year.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/10/29320509/aramex-snaps-this-cross-border-e-commerce-enabler-platform-for-265m" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Aramex Snaps This Cross-border e-Commerce Enabler Platform For $265M</a>
<ul>
<li>Aramex PJSC, a leading global provider of comprehensive logistics and transportation solutions, obtained all necessary regulatory approvals and completed the acquisition of Access USA Shipping, LLC (MyUS), a global technology-driven platform enabling cross-border e-Commerce, for an all-cash consideration of $265 million.</li>
<li>The acquisition will further strengthen Aramex&#39;s cross-border express business.</li>
<li>This transaction will likely immediately value accretive for Aramex.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/10/29307026/cma-orders-meta-to-sell-off-giphy-as-the-deal-failed-to-satisfy-antitrust-concerns" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CMA Orders Meta To Sell Off Giphy As The Deal Failed To Satisfy Antitrust Concerns</a>
<ul>
<li>The Competition and Markets Authority has found that Meta Platform Inc&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) takeover of Giphy could allow Meta to limit other social media platforms&#39; access to GIFs, making those sites less attractive to users and less competitive.</li>
<li>It also found that the deal has removed Giphy as a potential challenger in the U.K. display advertising market, preventing U.K. businesses from benefiting from innovation in this market.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29321162/infant-formula-fiasco-weighs-on-abbotts-q3-earnings-still-it-raised-fy22-eps-guidance" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Infant Formula Fiasco Weighs On Abbott&#39;s Q3 Earnings, Still It Raised FY22 EPS Guidance</a>
<ul>
<li>Abbott Laboratories (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abt#NYSE">ABT</a>) has reported Q3 FY22 adjusted EPS of $1.15, down 17.9% Y/Y, better than the consensus of $0.94.</li>
<li>Q3 sales of $10.4 billion decreased 4.7% on a reported basis and increased 1.3% on an organic basis, beating the consensus of $9.64 billion.</li>
<li>Q3 sales were negatively impacted by declines in COVID-19 testing-related sales and a manufacturing stoppage of certain infant formula products.</li>
</ul>

Earnings

Guidance

Rumors

Movers

$BTC

GILD

MKKGY

MNTV

NFLX

RYCEY

SpaceX Starlink's New In-Flight Connectivity Service, Amazon's NY Workers Reject Union, Celsius Network Faces Several Federal Investigations: Top Stories Wednesday, Oct. 19

<ul>
<li>Nestle SA&#39;s&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgy#OTC">NSRGY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) Chief Executive Officer Mark Schneider said inflation will remain an issue in 2023.</li>
<li>&quot;This is a situation no one wished for,&quot; CEO Mark Schneider said in an interview&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-10-19/nestle-drives-sales-growth-with-biggest-price-hikes-in-decades?srnd=premium&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">with</a>&nbsp;Bloomberg Television.&nbsp;</li>
<li>&quot;We are seeing huge upward pressure on energy, some agricultural commodities, and transportation costs.&quot;</li>
<li>Consumers have been willing to absorb higher costs despite inflation that&#39;s squeezed household budgets and lifted manufacturers&#39; raw material costs. The goods sold eased by 0.2% in Q3 as Nestle raised prices by 9.5%.&nbsp;</li>
<li>The CEO said Nestle hadn&#39;t passed all its higher input costs onto consumers. Higher energy prices also risk demand for Nestle as consumers switch to cheaper products.</li>
<li>Schneider said wages would add to cost pressure next year.</li>
<li>The Swiss food conglomerate reported&nbsp;<a class="editor-rtfLink" href="https://www.nestle.com/sites/default/files/2022-10/2022-nine-month-sales-press-release-en.pdf" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">sales&nbsp;</a>of CHF 69.1 billion for nine months ending September. Organic growth reached 8.5%. Pricing was 7.5%, reflecting significant cost inflation.</li>
<li>The company expects full-year revenue growth of about 8% and an operating margin of 17%, which would be the second consecutive annual decline.</li>
<li>Nestle plans to&nbsp;<a class="editor-rtfLink" href="https://stories.starbucks.com/press/2022/starbucks-enters-into-an-agreement-to-sell-seattles-best-coffee-brand-to-nestle/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">buy</a>&nbsp;Seattle&#39;s Best Coffee brand from&nbsp;Starbucks Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) for an undisclosed price.</li>
</ul>

Consumers Should Be Ready For Further Price Increases, Nestle's Chief Executive Says

<ul>
<li>France-based&nbsp;Enterome&nbsp;<a class="editor-rtfLink" href="https://www.prnewswire.com/news-releases/enterome-signs-major-strategic-rd-collaboration-with-nestle-health-science-to-develop-and-commercialize-new-allermimics-and-endomimics-immunotherapies-for-food-allergies-and-inflammatory-bowel-disease-301587952.html" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">signed a strategic R&amp;D collaboration and license agreement</a>&nbsp;with&nbsp;Nestl&eacute; SA&#39;s&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) Health Science, targeting food allergies and inflammatory bowel disease (IBD).</li>
<li>Enterome&#39;s&nbsp;<a class="editor-rtfLink" href="https://www.enterome.com/pipeline/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">internal pipeline is more focused on cancer</a>, with phase 1/2 trials of two drug candidates underway in indications including recurrent glioblastoma and B-cell malignancies.&nbsp;</li>
<li>The biotech is also working on a Crohn&#39;s disease prospect that is in phase 2 development in partnership with&nbsp;Takeda Pharmaceutical Co Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tak#NYSE">TAK</a>).</li>
<li>Now, Enterome has found a partner for its lead EndoMimics compound designed to create orally available drugs based on proteins secreted by gut bacteria.</li>
<li>Nestl&eacute; will pay &euro;40 million in cash and equity, clinical, and sales milestone payments for each licensed therapeutic candidate, plus royalties on net sales.</li>
<li>Nestl&eacute; will co-develop EB1010 designed to treat inflammatory bowel disease by inducing high local secretion of the anti-inflammatory cytokine IL-10.&nbsp;</li>
<li>Enterome will be responsible for leading drug discovery activities and bear related costs up to the investigational new drug (IND) application.</li>
<li>EB1010 is due to enter clinical trials in 2023.</li>
<li>Price Action:&nbsp;NSRGF shares are down 0.20% at $117.43 during the market session on the last check Monday.</li>
</ul>

Contracts

Nestle Bets €40M On Enterome's Preclinical Food Allergy, IBD Hopeful

<ul>
<li>Europe&#39;s&nbsp;Nestl&eacute; SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) is ramping up hypoallergenic (HA) baby formula production to alleviate the shortage in U.S. supermarkets.</li>
<li>In a statement sent to&nbsp;Fortune, Nestl&eacute; said it &quot;significantly increased&quot; Gerber Good Start Extensive HA production from the Netherlands and Alfamino from Switzerland, both used to treat babies that respond allergically to sugars like lactose.</li>
<li>Nestl&eacute; declined to be more specific on the size of increased shipments.</li>
<li>A recall by&nbsp;Abbott Laboratories&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abt#NYSE">ABT</a>), persistent supply-chain issues, and a highly concentrated market combined to form what one consumer goods expert calls a &quot;perfect storm.&quot;</li>
<li>Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/05/27272718/u-s-lawmakers-reveal-fda-emergency-funds-bill-to-tackle-baby-formula-shortage-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">US Lawmakers Reveal FDA Emergency Funds Bill To Tackle Baby Formula Shortage: Reuters</a>.</li>
<li>The most recent statistics suggest Abbott had a 43% market share, while Mead Johnson, maker of Enfamil, controlled another 40%. By comparison, Nestl&eacute; was a distant third with just 15%.&nbsp;</li>
<li>The move comes after the FDA said it was encouraging overseas manufacturers to apply to ship their formula to the U.S., easing rules that had effectively prevented shipments from many such companies.</li>
<li>Abbott on Monday said it had&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27243278/abbott-fda-agree-on-consent-decree-for-reopening-michigan-baby-formula-plant-what-you-need-to-know" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reached an agreement with the FDA</a>&nbsp;for the reopening of the Sturgis plant.</li>
<li>Photo by Company</li>
</ul>

Third Largest Player In Baby Formula Jumps In To Ease Shortage In US

<ul>
<li>Very Good Food Company Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vgfc#NASDAQ">VGFC</a>) has appointed&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/04/n26784921/the-very-good-food-company-announces-appointment-of-new-interim-chief-executive-officer-and-additi" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Matthew Hall as Interim Chief Executive Officer</a>&nbsp;(CEO), effective May 2, 2022. Matt is also joining the company&#39;s board.</li>
<li>Matt was a 31-year global senior executive with food and beverage manufacturer&nbsp;Nestle&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgy#OTC">NSRGY</a>).</li>
<li>Matt&nbsp;has served on the boards of several companies in the plant-based food space.</li>
<li>The company also accepted Ana Silva&#39;s resignation both from the board and her position as President, Interim CFO, and Corporate Secretary, effective April 22, 2022.</li>
<li>Earlier this month, the company&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/04/n26784921/the-very-good-food-company-announces-appointment-of-new-interim-chief-executive-officer-and-additi" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">terminated Mitchell Scott&#39;s employment as CEO</a>.&nbsp;</li>
<li>Price Action:&nbsp;VGFC shares are trading lower by 0.39% at $0.33 on Monday&#39;s last check.</li>
</ul>

VGFC

Very Good Food Appoints Former Nestle Executive As Interim CEO

<ul>
<li>Rio Tinto PLC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) became the first leading miner to suspend trading relations with Russian businesses,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/rio-first-big-miner-cut-russia-ties-sony-nintendo-halt-console-sales-2022-03-10/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports</a>.</li>
<li>Japan&#39;s&nbsp;Sony Group&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) and&nbsp;Nintendo Co Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ntdof#OTC">NTDOF</a>) (NTDOY) also halted deliveries of their gaming consoles.</li>
<li>Credit Suisse Group AG&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cs#NYSE">CS</a>) flagged a ~$900 million Russian credit exposure.</li>
<li>Hitachi Construction Machinery Co Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/htcmf#OTC">HTCMF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/htcmy#OTC">HTCMY</a>) looks to stop exports and cease most operations in Russia, whose Western counterparts have already suspended operations.</li>
<li>Nestle SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) (NSRGY),&nbsp;Mondelez International Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdlz#NASDAQ">MDLZ</a>),&nbsp;Procter &amp; Gamble Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pg#NYSE">PG</a>), and&nbsp;Unilever PLC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ul#NYSE">UL</a>) halted investment in Russia.</li>
<li>The suspension came just after the major U.S. tech companies&nbsp;ditched their operations&nbsp;in Russia post its Ukraine invasion.</li>
<li>In three weeks, the war has killed thousands of people, rendered more than two million refugees, wrecked the Russian Rouble, stock markets, and triggered the costs of oil and other commodities.</li>
<li>Comprehensive Western sanctions have isolated Russia, and the EU looks to phase out buying Russian energy.</li>
<li>Price Action:&nbsp;RIO shares traded lower by 5.88% at $73.15 in the premarket on the last check Thursday.</li>
</ul>

Regulations

HTCMF

HTCMY

NTDOF

NTDOY

Sony Group Corporation American Depositary Shares

SONY

More Non-US Companies Restricted Services In Russia After US Counterparts

<ul>
<li>Dada Nexus Ltd&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dada#NASDAQ">DADA</a>) and&nbsp;Nestle SA&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgf#OTC">NSRGF</a>) Nestle (China) Co Ltd&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/10/n23690880/dada-group-and-nestl-strengthen-cooperation-to-boost-omni-channel-growth" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">have expanded their partnership&nbsp;</a>for omnichannel marketing and digitalization. The financial terms of the deal were not disclosed.</li>
<li>The parties&#39; partnership began in June 2019. In September 2020, they expanded their strategic alliance to create a new data-driven retail model.</li>
<li>The two companies collaborate deeply in uni-marketing, omnichannel strategy, category operations, and digitalization in the new cooperation.</li>
<li>Price Action:&nbsp;DADA shares closed higher by 1.48% at $21.96 on Wednesday.</li>
</ul>

DADA

Dada Nexus, Nestlé Expand Partnership To Boost Omni-Channel Growth

<ul>
<li>Seres Therapeutics Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/mcrb#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MCRB</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/07/b21805049/seres-therapeutics-nestl-health-science-announce-ser-109-co-commercialization-license-agreement" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">has inked a $525-million deal</a>&nbsp;with&nbsp;Nestl&eacute; Health Science&nbsp;to commercialize SER-109 if it can win FDA approval.</li>
<li>SER-109 is an oral, live microbiome therapy under development for patients with recurrent C. difficile infection, a leading cause of hospital-acquired infections in the U.S.&nbsp;</li>
<li>The candidate is made up of purified Firmicutes spores, a type of bacteria.&nbsp;</li>
<li>Under the new deal, Nestl&eacute;&rsquo;s global pharmaceutical business,&nbsp;Aimmune Therapeutics, will take the lead on commercialization.&nbsp;</li>
<li>Seres will secure $175 million upfront, plus another $125 million if the candidate gets FDA approval.&nbsp;</li>
<li>The agreement also includes sales target milestones of up to $225 million, and Seres is entitled to 50% of the commercial profits.</li>
<li>In August 2020, Seres announced that SER-109 had met the primary endpoint in the Phase 3 ECOSPOR III study, showing a highly statistically significant reduction in the rate of CDI recurrence compared to placebo at eight weeks, with an absolute decrease of 27% and a relative risk reduction of 68%.&nbsp;</li>
<li>In a separate measure, approximately 88% of patients achieved sustained clinical response at week eight.&nbsp;</li>
<li>The drug&rsquo;s in an ongoing open-label safety study, with enrollment to complete in the third quarter. Seres and Nestl&eacute; are hoping the efficacy results will support a marketing application filing &ldquo;once the SER-109 safety database includes at least 300 treated subjects monitored for 24 weeks,&rdquo; based on feedback from the FDA.</li>
<li>MCRB Price Action: MCRB shares were down 1.93% at $23.39 at last check Thursday.&nbsp;</li>
<li>Editor&rsquo;s note: Second last bullet has been updated to note that the enrollment will be completed by the third quarter, but the company did not specify when the study results are anticipated.</li>
</ul>

MCRB

Nestlé Bets $525M On Seres Therapeutics Microbiome Drug For Infectious Diseases

In a report released today, Andreas von Arx from Baader Bank maintained a Buy rating on Nestlé SA (NSRGF – Research Report), with a price target of...

Baader Bank Remains a Buy on Nestlé SA (NSRGF)

RBC Capital analyst James Edwardes Jones maintained a Buy rating on Nestlé SA (NSRGF – Research Report) today and set a price target of CHF93.00. T...

RBC Capital Reaffirms Their Buy Rating on Nestlé SA (NSRGF)

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Nestlé SA (NSRGF – Research Report) and Walmart (WMT – Resear...

Analysts' Opinions Are Mixed on These Consumer Goods Stocks: Nestlé SA (OtherNSRGF) and Walmart (WMT)

BlackRock Advantage International Fund Q3 2024 Commentary

Citi analyst Cedric Besnard maintained a Hold rating on Nestlé SA (NSRGF – Research Report) today and set a price target of CHF90.00. The company's...

Nestlé SA (NSRGF) Gets a Hold from Citi

There's a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Nestlé SA (NSRGF – Research Report) and Ridley C...

Analysts Offer Insights on Consumer Goods Companies: Nestlé SA (OtherNSRGF) and Ridley Corporation Limited (OtherRIDYF)

In a report released today, Tom Sykes from Deutsche Bank maintained a Hold rating on Nestlé SA (NSRGF – Research Report), with a price target of CH...

Deutsche Bank  Sticks to Their Hold Rating for Nestlé SA (NSRGF)

Franklin International Equity Fund Q3 2024 Commentary

There's a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Nestlé SA (NSRGF – Research Report) and KinderCa...

Analysts Are Bullish on Top Consumer Goods Stocks: Nestlé SA (NSRGF), KinderCare Learning Companies Inc (KLC)

DZ BANK AG analyst Axel Herlinghaus maintained a Buy rating on Nestlé SA (NSRGF – Research Report) on November 22. The company's shares closed last...

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