Angelalign Technology (OTC:AGLFF) Stock, Quote.Headers.trade-ideas

Angelalign Technology Inc is an investment holding company. It is principally engaged in clear aligner treatment solutions including treatment planning services, manufacturing, and marketing of clear aligners. The company provides dental professionals with self-developed digital orthodontics solutions. The company's Angelalign clear aligner system facilitates dental professionals throughout the entire clear aligner treatment process, including digitally-assisted case assessment support and treatment planning services, provide dental professionals with digitally-assisted case assessment support and treatment planning services, and helps dental professionals design, review and modify treatment plans.

ANGELALIGN TECH INC by Angelalign Technologies Inc.

Angelalign Technology Inc

News

Management

PRTG

On Sept 30, Portage Biotech's Allan Shaw, CFO Departed From Co; Andrea Park, Joined Co As CFO

<a href="https://www.ajc.com/news/business/rivian-seeking-federal-loan-to-restart-construction-of-georgia-factory/AOZ67ACDRRAQ3IJ2EXMQQXFM5M/#:~:text=New%20documents%20show%20Rivian%20has,construction%20of%20the%20stalled%20project.">https://www.ajc.com/news/business/rivian-seeking-federal-loan-to-restart-construction-of-georgia-factory/AOZ67ACDRRAQ3IJ2EXMQQXFM5M/#:~:text=New%20documents%20show%20Rivian%20has,construction%20of%20the%20stalled%20project.</a>
&nbsp;
New documents show <a href="https://www.energy.gov/sites/default/files/2024-10/EA_FINAL_LPO%20Rivian_Version_Oct2024.pdf">Rivian has applied for a federal loan</a> to help finance the $5 billion electric vehicle factory it plans to build an hour east of Atlanta, the most significant sign the company is making moves to resume construction of the stalled project.
Details about the loan application with the U.S. Department of Energy are limited, but the application is referenced in a draft environmental assessment of the factory site that was <a href="https://www.energy.gov/sites/default/files/2024-10/EA_FINAL_LPO%20Rivian_Version_Oct2024.pdf">posted online</a> in recent days. The precise dollar amount of the loan Rivian is seeking and other details on potential terms were not available.
Asked why it is seeking the assistance and for specifics on the size of the loan, a Rivian spokesman said the company was "unable to comment at this time." The company also did not directly address whether construction of the Georgia factory is contingent on the DOE's approval of the loan.
The DOE said it "does not comment on active applications moving through its rigorous evaluation process," but added that the documents are not an indication that a decision on the loan has been made.
Rivian's Georgia plant has been billed as the second-largest economic development project in state history and has promised to deliver 7,500 jobs.
But in March, the company announced <a href="https://www.ajc.com/news/business/breaking-rivian-pauses-plan-to-build-5b-georgia-factory/RH7HC6QEAJGOFJMZWF3Q6IKN3Y/">it was pausing construction </a>indefinitely at the site in southern Morgan and Walton counties and shifting initial production of its new crossover model, the R2, to its existing plant in Illinois. Despite the pause, Rivian repeatedly has said it is committed to building its next factory in Georgia, where it has said it'll expand production of the R2 and produce two future models.

Financing

RIVN

Reported Earlier, 'Rivian Seeking Federal Loan To Restart Construction Of $5B Georgia Plant; Construction Of A Factory Planned About An Hour From Atlanta Has Been Paused Indefinitely Since March' - AJC

WIIM

ALTM

Arcadium Lithium shares are trading higher after Rio Tinto announced they are in talks to acquire the company for $4 to $6 billion or higher.

It was a relatively flat week for major stock indices as traders opted for caution following the rallies of recent weeks and amid intensifying conflict <a href="https://www.benzinga.com/topic/middle-east">in the Middle East.</a>
On Tuesday, Iran launched a barrage of missiles at Israel, retaliating after Israeli forces announced the killing of Hezbollah leader Hassan Nasrallah <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">during airstrikes in Beirut.</a>
Israel mulling a counterattack against Iran caused oil prices and energy stocks to surge, driven by concerns over supply disruptions in a critical oil-producing region. A basket of U.S. oil and gas stocks, the Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), recorded its strongest weekly performance in two years.
Major Chinese tech giants, as tracked by the iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>), saw another week of strong gains driven by heightened investor enthusiasm <a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">for domestic stimulus policies.</a>
The U.S. labor market continues to defy gravity. In September, 254,000 new non-farm payroll jobs were <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41184080/us-economy-adds-254-000-new-jobs-in-september-smashes-expectations-unemployment-f">added, significantly beating forecasts.</a>
The unemployment rate dropped more than expected, and wages grew faster than anticipated. As a result, market participants and economists are rethinking the need for further aggressive interest rate cuts by the Federal Reserve.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41187740/blowout-september-jobs-report-spurs-reactions-6-economists-say-aggressive-fed-rat">&#8216;Blowout&#8217; September Jobs Report Spurs Reactions: 6 Economists Say Aggressive Fed Rate Cuts May Face Obstacles</a>
<h3 class="wp-block-heading">US-Israel Talks Propel Oil Prices</h3>
Oil prices rallied when President Joe Biden said the U.S. is in discussions with Israel about potential strikes on Iranian oil facilities. The geopolitical tensions and potential military action have raised concerns about the stability of energy markets, contributing to the <a href="https://www.benzinga.com/government/24/10/41172781/oil-prices-rally-biden-confirms-us-discussions-with-israel-about-striking-iran-facilities">surge in oil prices.</a>
<h3 class="wp-block-heading">Zuckerberg&#8217;s AR Vision</h3>
Mark Zuckerberg suggests Meta Platforms Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) upcoming AR device, Orion, could become the next major tech shift after smartphones. He sees augmented reality as a transformative force, with Orion possibly leading the charge in a new era of immersive, wearable technology, revolutionizing how people interact <a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar">with the digital world.</a>
<h3 class="wp-block-heading">Cramer&#8217;s China focus</h3>
Jim Cramer highlights that investor &#8220;hot money&#8221; is shifting from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) toward Chinese stocks. He advises those interested in the Chinese market to focus on Alibaba Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NASDAQ">BABA</a>), emphasizing it as a key player amid the growing investment interest <a href="https://www.benzinga.com/markets/asia/24/10/41141152/cramer-says-hot-money-flowing-from-nvidia-apple-into-china-focus-on-alibaba-if-you-must">in China's tech sector.</a>
<h3 class="wp-block-heading">Ford EV growth</h3>
Ford Motor Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) U.S. electric vehicle sales gained momentum in the third quarter despite a slowdown in its top-selling Mustang Mach-E SUV. The Michigan-based automaker experienced strong performance from its F-150 Lightning and E-Transit models, bolstering its efforts to expand its presence in the <a href="https://www.benzinga.com/news/24/10/41179283/fords-us-ev-sales-gather-pace-in-q3-even-as-its-best-seller-mustang-mach-e-suv-slows-down">U.S. electric vehicle market.</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/social-media/24/10/41189534/spirit-airlines-bankruptcy-chatter-has-critics-blaming-biden-heres-what-history-shows-about-">Spirit Airlines Bankruptcy Chatter Has Critics Blaming Biden: Here&#8217;s What History Shows About Carrier Mergers</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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Commodities

Global

Econ #s

Economics

Tech

ETFs

AAPL

BABA

MCHI

NVDA

Labor Market Surprises With Strength, Energy Stocks Rally On Israel-Iran Tensions, Chinese Tech Giants Rebound: This Week In The Markets

Offerings

PSTV

Plus Therapeutics Files For Mixed Shelf Offering Of Up To $100M

In the current session, the stock is trading at $112.02, after a 0.64% increase. Over the past month, Veralto Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>) stock increased by 3.04%, and in the past year, by 50.14%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1728072963_0.png" alt="Past Year Chart" />

<h3>Comparing Veralto P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 60.41 in the Commercial Services &amp; Supplies industry, Veralto Inc. has a lower P/E ratio of 34.73. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728072963_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

VLTO

Price Over Earnings Overview: Veralto

Intends to cure the deficiency and return to compliance with NYSE standard
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.dwavesys.com%2F&amp;esheet=54131574&amp;newsitemid=20241004248200&amp;lan=en-US&amp;anchor=D-Wave+Quantum+Inc.&amp;index=1&amp;md5=62ce67e88aabd30fbbdb8092270c49aa">D-Wave Quantum Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) ("D-Wave" or the "Company"), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced that it received notice from the New York Stock Exchange (the "NYSE") on October 2, 2024 that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of October 2, 2024, the average closing price of the Company's common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company's common stock from the NYSE.

QBTS

D-Wave Receives Notice Of Non-Compliance With NYSE Trading Share Price Listing Rule

TRVN

Trevena shares are trading lower after the company announced it received a Nasdaq delisting notification.

Niu Technologies ("NIU", or "the Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIU#NASDAQ">NIU</a>), the world's leading provider of smart urban mobility solutions, today provides its sales volume results for the third quarter of 2024.&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp;
<figure class="table"> 
<table>
<tbody>
<tr>
<td>3Q 2024</td>
<td>3Q 2023</td>
<td>YTD 2024</td>
<td>YTD 2023</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>China Market</td>
<td>259,094</td>
<td>230,445</td>
<td>576,761</td>
<td>490,540</td>
</tr>
<tr>
<td>International Markets</td>
<td>53,311</td>
<td>35,468</td>
<td>120,945</td>
<td>81,786</td>
</tr>
<tr>
<td>Total</td>
<td>312,405</td>
<td>265,923</td>
<td>697,706</td>
<td>572,326</td>
</tr>
</tbody>
</table>
</figure>
In the third quarter of 2024, NIU sold 312,405 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. The number of units sold in China and in international markets was 259,094 and 53,311, respectively.
In China, the NT model has rapidly become a standout, capturing nearly 20% of total sales this quarter. This model strikes the perfect balance between aesthetic appeal and practicality, featuring advanced motorcycle-grade handling and smart innovations such as keyless ignition and TCS traction control, reinforcing NIU's commitment to user-friendly, safety-focused design. Notably, this year's new models have collectively contributed to over 60% of total sales this quarter. Moreover, we are broadening our user base by appealing to various demographics through diverse strategies. Targeting Gen Z, we collaborated with JDG to launch the FX model in September, integrating it with the popular game "Game for Peace" to enhance brand interaction. Additionally, we are leveraging KOL content marketing and influencer events on platforms like Xiaohongshu to connect with female users. These initiatives aim to expand the company's brand appeal and solidify our presence in consumers' minds.
Internationally, the micro-mobility sector continues to exhibit robust growth. Notably, our new models, the K100 and K300, which feature upgraded smart functions and enhanced safety features, have gained significant traction. These models accounted for over 50% of total sales during the quarter, achieving popularity across the EU, North America, and Asia Pacific. In light of these positive trends, we firmly believe that the micro-mobility sector will play a pivotal role in driving our future growth.
Our sales volume count disclosed above is based on the delivery from our manufacturing facility, which may vary slightly from the sales volume measured from a financial accounting and reporting point of view. NIU's sales volume represents only one measure of the company's financial performance and should not be relied upon as an indicator of quarterly financial results, which depend on a variety of factors, including revenues from accessories, spare parts and services, cost of sales, operating expenses, etc.

Niu Technologies Provides Q3 2024 Sales Volume Update; Sold 312,405 Units, Including E-Motorcycles, E-Mopeds, E-Bicycles, Kick-Scooters And E-Bikes. The Number Of Units Sold In China And In International Markets Was 259,094 And 53,311, Respectively.

JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon is unlikely to be tapped as Donald Trump's treasury secretary if Trump wins the 2024 election, following JPMorgan's outright denial of an endorsement.
What Happened: Dimon has not endorsed Trump for president, a fact made clear by a JPMorgan spokesperson, who said, "Jamie Dimon has not endorsed anyone," <a href="https://www.cnbc.com/2024/10/04/trump-jamie-dimon-endorsement-jpmorgan.html">CNBC</a> reports. This statement comes after Trump posted on his Truth Social account, falsely claiming Dimon had backed his candidacy.
Dimon's refusal to endorse Trump, combined with the former president's history of requiring loyalty from his cabinet picks, casts doubt on whether Dimon would be considered for the role of treasury secretary, a position that has been widely speculated.
According to CNBC, Dimon previously indicated he is "not endorsing anyone at this time," distancing himself from political allegiances. Trump has yet to clarify whether Dimon remains a serious contender for the Treasury post.
Also Read: <a href="https://www.benzinga.com/news/24/10/41183626/trump-tells-dave-ramsey-how-he-plans-to-lower-interest-rates-and-inflation-the-first-thing-you-have">Trump Tells Dave Ramsey How He Plans To Lower Interest Rates And Inflation: &#8216;The First Thing You Have To Do Is&#8230;&#8217;</a>
Why It Matters: Trump previously floated the idea of <a href="https://www.benzinga.com/news/24/07/39807207/trump-eyes-jamie-dimon-for-treasury-secretary-rules-out-ousting-fed-chair-jerome-powell">naming Dimon as treasury secretary</a> during a June interview with Bloomberg, despite past tensions between the two. Dimon's lack of an endorsement now raises questions about the likelihood of that appointment.
In the past, many of Trump's cabinet members, including Treasury Secretary Steve Mnuchin, publicly supported him before taking office. Dimon's neutral stance appears to conflict with Trump's preference for loyalists.
Trump's consideration of Dimon for treasury secretary was seen as a pragmatic move, given Dimon's leadership at JPMorgan and stature in the financial world. However, without an endorsement, it is unlikely Trump would select him for a top cabinet role, particularly one as critical as treasury secretary.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41184779/trump-vs-harris-nate-silver-says-florida-isnt-a-lost-cause-for-vice-president-yet-sees-path-to-victo">Trump Vs. Harris: Nate Silver Says Florida Isn&#8217;t A Lost Cause For Vice President Yet, Sees Path To Victory — &#8216;Success Is Unlikely, But The Payoff Is High&#8217;</a></li>
</ul>
Photo: Benzinga file photo by Dustin Blitchok

Politics

Jamie Dimon Rejects Trump Endorsement Claim, Casting Doubt On Treasury Rumors

Air Product and Chemicals shares are trading higher after activist investor Mantle Ridge built a more than $1 billion stake in the company and said it plans to push for improvements.

ISPO

Inspirato's Robert Kaiden Will Be Resigning From His Position As Chief Financial Officer; Michael Arthur To Serve As CFO, Effective As Of November 8, 2024

FiSai US Management, a major creditor of The Cannabist Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBSTF#OTC">CBSTF</a>) is growing increasingly concerned over the company's management.
FiSai, which holds $50 million in secured notes due in 2026, has taken the unusual step of publicly airing its frustrations, <a href="https://www.greenmarketreport.com/cannabist-lender-fed-up-with-being-ghosted/">reported</a> Debra Borchardt of Green Market Report (GMR).
The lender sent a letter to New York-based <a href="https://www.benzinga.com/markets/cannabis/24/09/40815387/ny-cannabis-giant-the-cannabist-strengthens-presence-in-east-coast-market-via-brand-debut">The Cannabist</a> on September 26, citing concerns about liquidity issues, underperformance, and a lack of strategic direction. FiSai accused CEO David Hart and chairman Michael Abbott of using a "pray and hope" approach, banking on favorable external factors, such as a<a href="https://www.benzinga.com/24/09/40815292/the-election-issue-no-one-saw-coming-trumps-weed-gamble-in-swing-states"> positive presidential election </a>outcome, to bail the company out.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Mounting Financial Pressure</h3>
The Cannabist's debt burden is significant. 
By 2025, the company faces $60 million in debt due, with an additional $185 million in senior <a href="https://www.benzinga.com/markets/cannabis/24/08/40555064/chart-of-the-week-cannabis-debt-volumes-are-increasing-and-costs-are-declining">secured debt</a> maturing by February 2026. FiSai disclosed that it had offered refinancing options on September 3. However, the company has yet to respond, per GMR.
FiSai highlighted the competitive landscape, noting that other major cannabis companies face similar debt deadlines. The high demand for refinancing could make capital scarce and expensive.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40834708/new-laws-could-unleash-1-7b-demand-for-cannabis-loans-this-real-estate-stock-is-set">New Laws Could Unleash $1.7B Demand For Cannabis Loans, This Real Estate Stock Is Set To Capitalize</a>
<h3 class="wp-block-heading">Series Of Missteps</h3>
FiSai's complaints include what it calls a "just-in-time" financing strategy. The lender criticized the sale of key assets to <a href="https://www.benzinga.com/markets/cannabis/24/08/40508637/cannabis-co-verano-completes-105m-acquisition-of-arizona-virginia-operations-from-leading-us-ope">Verano</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VRNOF#OTC">VRNOF</a>), describing the move as a last-minute decision driven by poor cash management. FiSai also pointed to the failed <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40779975/is-cresco-labs-an-overlooked-cannabis-stock-market-potential-in-ohio-florida-pennsy">Cresco</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>) merger, claiming it exposed stakeholders to unnecessary risks and affected the company's overall poor performance compared to other cannabis operators.
FiSai's founders, Erich Griffin-Mauff and Jared Cohen, are experienced cannabis industry veterans. They expressed disappointment, particularly given their backgrounds in strategic development and corporate finance. With tensions between FiSai and The Cannabist now out in the open, the company&#8217;s financial future remains even more uncertain.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/10/41185833/chicago-cannabis-giant-verano-to-report-quarterly-financial-results-post-major-acquisition">Chicago Cannabis Giant Verano To Report Quarterly Financial Results Post Major Acquisition</a></li>
</ul>

Cannabis

THE CANNABIST CO HLDG by THE CANNABIST COMPANY HOLDINGS INC.

CBSTF

CRLBF

VRNOF

Lender Expresses Concern Over Cannabist Company's 'Pray And Hope' Approach

Rio Tinto In Talks To Buy Arcadium Lithium; Deal Could Value Arcadium Between $4B-$6B Or Higher

Urgent.ly Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uly#NASDAQ">ULY</a>) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that The Nasdaq Stock Market LLC ("Nasdaq") notified Urgently (the "Notice") that Urgently is not in compliance with Nasdaq's Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement") because the minimum bid price of Urgently's common stock was below $1.00 per share for 30 consecutive business days. The Notice has no immediate effect on the listing or trading of Urgently's common stock on The Nasdaq Capital Market.

Penny Stocks

Urgently Notified By Nasdaq Of Non-Compliance With Nasdaq Minimum Bid Price Requirement

Fiscal 2025 Full Year Guidance
The Company established its fiscal 2025 full year revenue and Adjusted EBITDA guidance as follows:
<ul>
<li>Full year Revenue between $450 and $490 million</li>
<li>Full year Adjusted EBITDA between $46.0 and $52.0 million</li>
</ul>
As previously disclosed, Aviat has identified certain material weaknesses in its internal control over financial reporting for the 2024 fiscal year. The Company has initiated and will continue to implement measures designed to improve its internal control over financial reporting to remediate these material weaknesses with oversight from the Audit Committee of the Board of Directors and assistance from its external advisors. Please refer to Item 9A in our Annual Report on Form 10-K (the "Form 10-K") filed with the Securities and Exchange Commission ("SEC") on October 4, 2024, for more information.
Subsequent to the issuance of the consolidated financial statements and related disclosures for the fiscal year ended June 30, 2023, the Company identified certain errors in its previously issued consolidated financial statements. The Company evaluated the materiality of the errors and determined that the impacts were not material, individually or in the aggregate, to the Company's previously issued consolidated financial statements for any of the prior reporting periods in which they occurred. The Company has revised the prior period financial statements for fiscal 2024 and fiscal 2023 to correct the errors. The revisions ensure comparability across all periods presented herein. Please refer to Note 16. Revisions to Prior Period Consolidated Financial Statements of the Notes to the consolidated financial statements in our Form 10-K for further information.

Guidance

AVNW

Aviat Networks Sees FY25 Revenue $450M-$490M Vs $484.16M Est.

<a href="https://www.wsj.com/business/deals/activist-mantle-ridge-has-over-1-billion-stake-in-air-products-59a94d97?mod=latest_headlines">https://www.wsj.com/business/deals/activist-mantle-ridge-has-over-1-billion-stake-in-air-products-59a94d97?mod=latest_headlines</a>
&nbsp;
Activist investor Mantle Ridge has built a more than $1 billion stake in <a href="https://www.wsj.com/market-data/quotes/APD">Air Products</a> <a href="https://www.wsj.com/market-data/quotes/APD">APD -0.05%decrease; red down pointing triangle</a> and plans to push for improvements at the industrial gas manufacturer, according to people familiar with the matter.&nbsp;
<h3>The details</h3>
Mantle Ridge has been building its position in Air Products since March, the people said.&nbsp;

'Activist Mantle Ridge Has Over $1 Billion Stake In Air Products; Paul Hilal's Firm Plans To Push For Improvements To Industrial Gas Maker's Strategy' - WSJ

Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.69 by 4.35 percent. This is a 17.24 percent decrease over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $116.66 million which beat the analyst consensus estimate of $112.92 million by 3.31 percent. This is a 28.05 percent increase over sales of $91.10 million the same period last year.

Earnings

Aviat Networks Q4 Adj $0.72 Beats $0.69 Estimate, Sales $116.66M Beat $112.92M Estimate

Customs and Border Protection (CBP) seized over $17.4 million in methamphetamine from a tractor-trailer hauling a shipment of coconuts at <a href="https://www.benzinga.com/topic/mexico">the Mexico-Texas border</a>. 
The bust is one of many involving cartels slipping drugs across the border in fresh food shipments from Mexico, which is the largest supplier of vegetables to the U.S.
What Happened: While CBP officers conducted a secondary look at the tractor-trailer, their drug-detection doggies sniffed out 378 packages containing nearly 2,000 pounds of meth, which they seized then Homeland Security agents moved in to conduct a criminal investigation.
The bust, made at the Pharr International Bridge in Texas on Sept. 28, is the largest meth seizure in the history of the Hidalgo Port of Entry, the CBP reported. 
&#8220;This seizure underscores the seriousness of the drug threat we face on a daily basis and the resolve of our officers to keep our communities safe,&#8221; said port director Carlos Rodriguez in a <a href="https://www.cbp.gov/newsroom/local-media-release/cbp-officers-seize-174m-methamphetamine-pharr-international-bridge">press release</a>.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40764643/jd-vance-accuses-kamala-harris-of-allowing-cartels-to-sex-traffic-minors-citing-thousands-of-mis">JD Vance Accuses Kamala Harris Of Allowing Cartels To &#8216;Sex Traffic Minors,&#8217; Citing Thousands Of Missing Children</a>
<h3 class="wp-block-heading">Fruits, Veggies, Illicit Drugs From Mexico To US Tables </h3>
It stands to reason that Mexican cartels and drug producers would choose to smuggle their products among the $19-billion in annual food imports that enter the U.S. across the <a href="https://www.benzinga.com/topic/us-mexico-border">southern border</a>. 
Also worth noting is that 98% of food products from Mexico enter the U.S. by way of land ports between Texas, New Mexico, Arizona and California.
In that nearly 90% of Mexico's horticultural exports are destined for the U.S., drug smugglers have lots of fruit and veggie boxes to choose from.
<h3 class="wp-block-heading">Huge Salad Of Nasty Drugs</h3>
Although the Justice Dept. <a href="https://www.justice.gov/archive/ndic/pubs13/13853/product.htm">points out</a> that the U.S. citizens produce most of their own methamphetamine, border agents report having confiscated enough meth at the southern border this summer to ruin anyone&#8217;s appetite. 
<ul>
<li>CBP officers confiscated $48 million worth of meth stashed within a lettuce shipment at the Hidalgo Port of Entry in August.</li>
<li>The same month, officials found more than $5 million in meth that was dressed in bright green plastic packages with stripes, making them look like small watermelons.</li>
<li>Another shipment of meth was found hidden in a shipment of cucumbers and bell peppers during a routine check at the same Pharr Port of Entry in July.</li>
<li>In late May, nearly six tons of methamphetamine hidden in a&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/02/30964297/mexico-seizes-largest-ever-haul-of-fentanyl-products-in-massive-drug-bust-report" target="_blank" rel="noreferrer noopener">shipment of green squash</a> was confiscated.</li>
</ul>
CBP data shows that over 164,000 pounds of methamphetamine have been seized nationwide in 2024 alone.
Now Read:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/05/38776483/dea-chief-warns-congress-illicit-drugs-are-as-easy-to-get-as-pizza-delivery-from-uber-eats">DEA Chief Warns Congress: Illicit Drugs Are As Easy To Get As Pizza Delivery From Uber Eats</a></li>
</ul>
Photo: Meth in melons, courtesy of Customs and Border Protection

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Mexican Cartels Smuggling Drugs In Food Imports: Record-Breaking Meth Bust At US-Mexico Border Is Latest

Psyence Biomedical Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBM#NASDAQ">PBM</a>) ("Psyence Biomed" or the "Company"), a developer of psilocybin-based therapeutics, today provided an update on its previously announced proposed acquisition of Clairvoyant Therapeutics, Inc. Following the completion of necessary due diligence and other pre-closing activities specified in the conditional binding term sheet that was announced on September 9, 2024, Psyence Biomed has decided not to proceed with the acquisition at this time.
Psyence Biomed continues to advance its recently initiated Phase IIb clinical trial of nature derived psilocybin in conjunction with psychotherapy as a potential treatment for Adjustment Disorder following a life-limiting cancer diagnosis in Palliative Care. The first patient is expected to be randomized into the study this quarter, and topline data from the study is anticipated in the second half of 2025.
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