Latest news for Ecolomondo (OTC:ECLMF) Stock

Ecolomondo Corp is a cleantech company focused on the deployment of TDP turnkey facilities using its proprietary Thermal Decomposition Process (TDP) using a pyrolysis platform that converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas, and steel. The Company's planned principal business is the sale, licensing, and manufacture of turnkey facilities based on the TDP technology platform as well as the collection of royalties from their operation or the operation of these facilities through wholly-owned or jointly-owned companies.

Ecolomondo Corp

News

Baijiayun Group Announced It Has Recently Upgraded The BRTC HarmonyOS SDK To Provide Customers With Stronger Audio And Video Technology Support

Wolfe Research analyst Keegan Carl upgrades Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) from Peer Perform to Outperform and announces $20 price target.

Upgrades

Price Target

Analyst Ratings

BXMT

Wolfe Research Upgrades Blackstone Mortgage Trust to Outperform, Announces $20 Price Target

Roth MKM analyst Chip Moore initiates coverage on Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) with a Buy rating and announces Price Target of $312.

Initiation

POWL

Roth MKM Initiates Coverage On Powell Industries with Buy Rating, Announces Price Target of $312

Roth MKM analyst Chip Moore initiates coverage on Bloom Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) with a Neutral rating and announces Price Target of $25.

Roth MKM Initiates Coverage On Bloom Energy with Neutral Rating, Announces Price Target of $25

Stifel analyst Jim Duffy upgrades Wolverine World Wide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) from Hold to Buy and raises the price target from $21 to $29.

Stifel Upgrades Wolverine World Wide to Buy, Raises Price Target to $29

Stifel analyst Jim Duffy upgrades Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) from Hold to Buy and announces $40 price target.

FOXF

Stifel Upgrades Fox Factory Hldg to Buy, Announces $40 Price Target

Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) retreated 3.26% to $10.08 in Wednesday&#8217;s pre-market trading, <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42421603/wall-street-struggles-for-direction-tesla-flirts-with-record-highs-bitcoin-tumbles-below-95000-whats-driving-markets-tuesday">following Tuesday&#8217;s 20% surge</a>, as prominent market voices weighed in on the potential private takeover by Sycamore Partners.
What Happened: Gary Black, Managing Partner at The Future Fund LLC, outlined a detailed valuation case for a possible $15 per share offer. 
Walgreens management guided for the fiscal year 2025, expecting adjusted earnings per share to range between $1.40 and $1.80 during their most recent earnings call. At the current stock price of $10.70, this places WBA&#8217;s price-to-earnings ratio at 6.7 times the fiscal year 2025 EPS, Black wrote on X, noting that the stock currently offers a 9.3% dividend yield.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24WBA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WBA</a> +20% to $10.70 on reports that private equity firm Sycamore Partners is in talks to take Walgreens private. My back-of-the-envelope math suggests a $15/share ($13B total) bid could be on the table, which assumes a paltry 6x EV/EBITDA deal price (equates to 16.6% pretax cash…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1866555427372077082?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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CNBC&#8217;s Jim Cramer struck a more cautious tone, warning investors about the deal&#8217;s complexity. &#8220;Wow, Walgreen&#8217;s too tough to turn even for the great Wentworth whom I revere. Don&#8217;t overpay for this one&#8230;&#8221; Cramer posted on X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Wow, Walgreen&#39;s too tough to turn even for the great Wentworth whom i revere. Don&#39;t overpay for this one&#8230;
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1866546790604136592?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/24/12/42430772/janet-yellen-warns-trump-tariffs-could-undermine-confidence-in-financial-markets-and-raise-american-household-costs">Janet Yellen Warns Trump Tariffs Could &#8216;Undermine Confidence In Financial Markets&#8217; And Raise American Household Costs</a>
What Happened: The commentary comes amid Walgreens&#8217; stark decline from its December 2015 peak of $85 per share, when it commanded a $100 billion market value. The pharmacy chain, now valued at roughly $9 billion, has lost 82% of its value since 2020 as it faces growing competition from online pharmacies and Amazon.com Inc.
The Wall Street Journal reported that Sycamore Partners, which previously acquired Staples for $7 billion in 2017, might seek partners or divest certain assets if a deal materializes. This approach differs from KKR&#8217;s failed 2019 bid of approximately $70 billion, which Walgreens&#8217; board rejected as insufficient.
Walgreens&#8217; recent struggles are evident in its <a href="https://www.benzinga.com/24/12/42421855/walgreens-stock-jumps-on-report-of-potential-private-equity-sale-what-you-need-to-know">latest quarterly results</a>, where adjusted earnings dropped 41% despite revenue growth, leading to plans for closing 1,200 stores over three years.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42429325/robotaxi-exit-to-clear-the-way-for-gm-to-license-tesla-fsd-says-gary-black-move-will-save-the-mary-barra-led-company-1b-a-year">Robotaxi Exit To &#8216;Clear The Way&#8217; For GM To License Tesla FSD, Says Gary Black — Move Will Save The Mary Barra-Led Company $1B A Year</a></li>
</ul>
Image via Unsplash
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Pre-Market Outlook

Markets

Walgreens Stock Falls Over 3% In Premarket As Wall Street Veterans Debate Private Equity Deal Value Amid Sycamore Takeover Talks

Seaport Global analyst David Joyce downgrades Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) from Buy to Neutral.

Downgrades

SIRI

Seaport Global Downgrades Sirius XM Holdings to Neutral

On Tuesday, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook&#8217;s post about meeting &#8220;Slow Horses&#8221; star Jack Lowden drew an unexpected reaction from Tesla Inc. CEO Elon Musk, generating speculation among social media users.
What Happened: Cook took to X and shared that he enjoyed meeting Lowden in London, expressing excitement about the show&#8217;s upcoming fifth season on Apple TV+.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cool
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866589554947359185?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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&#8220;Slow Horses&#8221; is a British spy thriller series based on Mick Herron&#8217;s novels. The series follows a group of MI5 agents assigned to an administrative purgatory called Slough House. 
The show has been renewed for multiple seasons, with the fifth season set to be based on the book &#8216;London Rules.&#8217;
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Musk&#8217;s &#8220;Cool&#8221; reply immediately caught users&#8217; attention, prompting widespread discussion about potential underlying motivations.
One user remarked, &#8220;Great stuff. Great show,&#8221; while another added, &#8220;Heard that show is awesome. Still need to watch it.&#8221;
Some also questioned Musk's motivation behind commenting on Cook's post, with one person commenting, &#8220;Bro has been replying to Tim Cook for a while now&#8230; Elon might be cooking something up.&#8221;
Meanwhile, last month, <a href="https://www.benzinga.com/news/global/24/11/42240301/elon-musk-calls-apple-airpods-pro-2s-hearing-aid-feature-cool-as-tim-cook-celebrates-the-innovation">Musk praised Apple&#8217;s latest</a> AirPods Pro 2&#8217;s personalized hearing aid functionality. This innovation marked a significant step in Apple&#8217;s efforts to evolve its popular wireless earbuds into clinical-grade hearing assistance tools.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/12/42404352/nvidia-china-antitrust-probe-may-remain-unsolved-in-near-term-says-top-analyst-investors-should-be-prepared-for-increased-scrutiny?itm_source=parsely-api">Nvidia China Antitrust Probe May &#8216;Remain Unsolved&#8217; In Near Term Says Top Analyst; Investors Should Be Prepared For Increased Scrutiny</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock and Flickr

Entertainment

Tech

AAPL

Is Elon Musk Apple TV's 'Slow Horses' Fan? His Reply To Tim Cook Has Everyone Guessing

BMO Capital analyst James Thalacker initiates coverage on PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) with a Outperform rating and announces Price Target of $36.

BMO Capital Initiates Coverage On PPL with Outperform Rating, Announces Price Target of $36

Macquarie analyst Ross Compton maintains Braze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) with a Neutral and raises the price target from $30 to $39.

BRZE

Macquarie Maintains Neutral on Braze, Raises Price Target to $39

Raytheon UK, Announced That Its High-energy Laser Weapon System Completed A Successful Live-firing With The British Army Directed Against Moving Aerial Targets

Politicians from Italy&#8217;s ruling coalition said Tuesday that the country will lower the proposed tax hike on cryptocurrency capital gains following industry criticism and internal disagreements.
What Happened: Lawmaker&nbsp;Giulio Centemero and Treasury Junior&nbsp;Minister Federico Freni, both from&nbsp;the co-ruling League party, announced that the proposed tax increase would be &#8220;significantly reduced during the parliamentary&nbsp;work,&#8221; according to a Reuters report.
&#8220;No more prejudices about cryptocurrencies,&#8221; Centemero and Freni asserted. There was speculation that the government might keep the current rate unchanged, Reuters said, citing political sources.
The Ministry of Economy and Finance of Italy didn&#8217;t immediately respond to Benzinga&#8217;s request for comment.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42421374/microsoft-shareholders-reject-proposal-to-explore-bitcoin-investment">Microsoft Shareholders Reject Proposal To Explore Bitcoin Investment</a>
Why It Matters: The Treasury had initially planned to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41367903/italy-eyes-drastic-tax-hike-on-bitcoin-profits-42-looming-in-2025-shocking-countrys-crypto">increase the tax</a> on cryptocurrency capital gains from 26% to 42% under the 2025 budget, which is due&nbsp;to be approved by parliament&nbsp;by the end of December. However, the League party expressed concerns that such a move could potentially stimulate the shadow economy.
The proposal, if passed, would place Italy among the most heavily taxed jurisdictions for cryptocurrency gains in the world. The current tax rate aligns with that of traditional financial instruments such as stocks and bonds.
The backpedaling comes after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world&#8217;s biggest cryptocurrency by market capitalization, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42367065/exclusive-bitcoin-briefly-tops-100000-but-where-do-benzinga-readers-predict-it-will-finish-2024#:~:text=A%20Benzinga%20poll%20in%20November,which%20has%20now%20proven%20true.">broke through the $100,000 level</a> for the first time last week.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$DOGE

$ETH

$INJ

$MATIC

Italy Backpedals On Controversial Tax Hike On Crypto Capital Gains Following Industry Opposition: 'No More Prejudices'

Piper Sandler analyst Clarke Jeffries reiterates Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Overweight and maintains $84 price target.

Reiteration

TRMB

Piper Sandler Reiterates Overweight on Trimble, Maintains $84 Price Target

Donald Trump&nbsp;announced on Friday that any individual or company investing $1 billion or more in the U.S. will receive expedited approvals and permits. 
What Happened:&nbsp;This includes environmental approvals, as stated in his recent post on Truth Social. Trump&#8217;s statement emphasizes a push for significant investments in the country.
He declared, &#8220;Any person or company investing&nbsp;ONE BILLION DOLLARS, OR MORE,&nbsp;in the United States of&nbsp;America, will receive fully expedited&nbsp;approvals and permits, including, but&nbsp;in no way limited to,&nbsp;all Environmental approvals. GET READY&nbsp;TO ROCK!!!&#8221;
This announcement comes as Trump continues to advocate for deregulation to boost economic growth. The promise of fast-tracked approvals could attract substantial investments, particularly in sectors like energy and infrastructure.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11035056/Screenshot-2024-12-11-at-2.20.39%E2%80%AFPM-1024x477.png" alt="" class="wp-image-686875" /></figure>
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/24/12/42404450/bitcoin-ethereum-dogecoin-recover-losses-after-flash-crash-analyst-pinpoints-critical-btc-support-levels?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Recover Losses After Flash Crash: Analyst Pinpoints Critical BTC Support Levels</a>
Why It Matters: Trump&#8217;s focus on deregulation aligns with his previous efforts to enhance the energy sector. Trump&#8217;s administration aims to <a href="https://www.benzinga.com/markets/equities/24/11/42383725/trump-administrations-deregulation-efforts-to-lift-energy-oil-and-gas-sectors-ai-frenzy-to-aid-faang-stocks-and-nvidia-says-fintech-insider">benefit highly regulated sectors</a> like oil and gas through deregulation. This could lead to higher corporate earnings, as noted by Yogesh Kansal, a fintech insider.
Moreover, Trump&#8217;s appointment of Doug Burgum as the &#8220;energy czar&#8221; underscores his commitment to increasing U.S. fossil fuel production. The role involves <a href="https://www.benzinga.com/news/24/11/41883635/trump-looks-to-undo-biden-climate-progress-with-burgum-as-energy-czar-report">overseeing deregulation efforts</a> across various agencies. This move is part of a broader strategy to undo climate progress made under the Biden administration.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42392517/plug-power-awaits-hydrogen-tax-credit-decision-whats-at-stake?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Plug Power Awaits Hydrogen Tax Credit Decision: What&#8217;s At Stake</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

Trump Offers Fast-Track Approvals 'Any Person Or Company' Investing Over $1B Investments In US: 'Get Ready To Rock!'

Piper Sandler analyst Arvind Ramnani maintains CCC Intelligent Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCS#NASDAQ">CCCS</a>) with a Neutral and maintains $13 price target.

CCCS

Piper Sandler Maintains Neutral on CCC Intelligent Solutions, Maintains $13 Price Target

U.S. Treasury Secretary Janet Yellen cautioned on Tuesday that President-elect Donald Trump&#8216;s proposed sweeping tariffs could undermine recent progress in controlling inflation and destabilize financial markets.
What Happened: Speaking <a href="https://www.wsj.com/video/janet-yellen-at-wsj-ceo-council-summit/DCF09297-A357-4113-AE35-58E540EBCFAF">at</a> a Wall Street Journal event, Yellen acknowledged that targeted tariffs can address unfair trade practices but warned that broad measures could harm U.S. economic competitiveness and burden American households with higher costs.
&#8220;I think it&#8217;s a mistake to become involved in commenting on the Fed and certainly taking steps to compromise its independence,&#8221; said Yellen, addressing Trump&#8217;s recent statements about monetary policy. &#8220;It tends to undermine the confidence of financial markets.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42429325/robotaxi-exit-to-clear-the-way-for-gm-to-license-tesla-fsd-says-gary-black-move-will-save-the-mary-barra-led-company-1b-a-year">Robotaxi Exit To &#8216;Clear The Way&#8217; For GM To License Tesla FSD, Says Gary Black — Move Will Save The Mary Barra-Led Company $1B A Year</a>
Why It Matters: The warnings come as financial experts voice growing concerns about Trump&#8217;s trade policies. Paul Gambles of MBMG Family Office Group called Trump&#8217;s tariff proposals &#8220;completely and utterly wrong,&#8221; warning they could <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42383874/expert-slams-trumps-tariff-policies-as-completely-and-utterly-wrong-but-says-we-dont-think-they-are-going-to-do-anything">erode U.S. competitive advantages</a>.
Goldman Sachs analysts project significant economic impacts, estimating Trump&#8217;s proposed North American tariffs could trigger GDP contractions of up to 4% in Canada and Mexico while <a href="https://www.benzinga.com/media/24/12/42379553/bezos-advocates-growth-trumps-tariff-threats-and-the-feds-latest-moves-this-week-in-economics">reducing U.S. GDP by 0.4%</a>.
The concerns extend globally, with William Lee, Milken Institute Chief Economist, suggesting Trump&#8217;s tariff threats serve primarily as negotiating leverage with trading partners, particularly targeting BRICS nations <a href="https://www.benzinga.com/news/global/24/12/42259898/economist-warns-trump-that-brics-will-act-collectively-and-spark-a-trade-war-with-us-over-100-tariff-threats">considering dollar alternatives</a>.
These developments have sparked debate among market participants about potential trade war risks and their implications for U.S. economic stability as the 2024 <a href="https://www.benzinga.com/news/global/24/12/42259898/economist-warns-trump-that-brics-will-act-collectively-and-spark-a-trade-war-with-us-over-100-tariff-threats">presidential transition approaches</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/12/42428224/bitcoin-ethereum-dogecoin-mirror-stock-declines-ahead-of-crucial-inflation-data-release-top-analyst-says-buy-the-dip-predicts-275k-btc-target">Trump Names Andrew Ferguson As Choice To Replace FTC Chair Lina Khan: Appointee Says He Will &#8216;End Big Tech&#8217;s Vendetta&#8217; Against Free Speech</a></li>
</ul>
Image via Flickr/ International Monetary Fund
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Janet Yellen Warns Trump Tariffs Could 'Undermine Confidence In Financial Markets' And Raise American Household Costs

Tesla Inc. CEO Elon Musk on Tuesday dismissed concerns of the Earth being rendered unlivable soon owing to climate change, saying that climate predictions are too &#8220;pessimistic&#8221; and &#8220;bound to backfire.&#8221;
What Happened: &#8220;Extreme environmentalists can't say ridiculous things like the world is doomed in 5 years, because 5 years goes by, the world is ok and they lose credibility,&#8221; Musk said in a post on social media platform X. 
The billionaire further added that the world will be &#8220;fine&#8221; if the world transitions to &#8220;primarily sustainable energy consumption (electric transport and heating) and production (mostly solar and fission)&#8221; in 20 years or so. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I've always felt that the climate predictions were too pessimistic and bound to backfire. Extreme environmentalists can't say ridiculous things like the world is doomed in 5 years, because 5 years goes by, the world is ok and they lose credibility. If we transition to…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866571416969285954?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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Musk's opinions on the environment, climate change, and plastic have spurred criticism in the past.
In an interview with Republican Presidential candidate&nbsp;Donald Trump in August, Musk said that his views on&nbsp;<a href="https://www.benzinga.com/news/24/08/40334330/elon-musk-agrees-that-good-products-will-drive-transition-to-evs-not-concerns-of-climate-change" target="_blank" rel="noreferrer noopener">climate change are "moderate"</a>&nbsp;and that he doesn't believe in vilifying or overregulating oil and gas as people would starve in their absence.
Musk later said that he indeed believes global warming is real. However,&nbsp;<a href="https://www.benzinga.com/markets/equities/24/08/40333362/teslas-elon-musk-warns-against-vilifying-oil-and-gas-industry-in-trump-interview-cautions-agains" target="_blank" rel="noreferrer noopener">progress in sustainable energy production</a>&nbsp;and consumption can solve global warming in time, Musk said, hinting there is no rush and dismissing the idea that there is an immediate need to address climate change.
Musk Believes There Is Still Time: In June, Musk said that climate change risk is &#8220;<a href="https://www.benzinga.com/news/24/07/39870459/bill-gates-wants-elon-musk-to-talk-about-climate-but-tesla-ceo-thinks-climate-change-alarm-is-exagge" target="_blank" rel="noreferrer noopener">overstated in the near term</a>&#8221; but &#8220;probably accurate in the long term.&#8221;
A few weeks later, Musk said in response to an X user that the return of plastic straws in Californian restaurants would be a sign of the end of "wokeness." The billionaire entrepreneur elaborated on his take on plastic bags and straws in August last year, saying there is no "good reason" for banning them in any country if trash is not dumped in the water.
It is also important to note that&nbsp;<a href="https://www.benzinga.com/news/24/07/39704560/spacex-ceo-elon-musk-mocks-reports-of-wildlife-damage-owing-to-starship-launches-will-refrain-from-h" target="_blank" rel="noreferrer noopener">Musk's companies</a>, including&nbsp;<a href="https://www.benzinga.com/government/24/05/38825756/tesla-sued-in-california-for-environmental-violations" target="_blank" rel="noreferrer noopener">Tesla which makes electric vehicles,</a>&nbsp;have been faced with allegations of environmental damage multiple times in the past.
Tesla, however, is the world&#8217;s largest battery electric vehicle seller in the world. In the three months ended September alone, the company <a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202">delivered 462,890 BEVs around the globe.</a> 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40499576/tesla-delays-elon-musks-timeline-yet-again-for-cybertruck-fsd-rollout-this-time-to-september" target="_blank" rel="noreferrer noopener">Tesla Delays Elon Musk's Timeline Yet Again For Cybertruck FSD Rollout, This Time To September</a></li>
</ul>
Photo courtesy: TED Conference on Flickr

TSLA

Tesla CEO Elon Musk Dismisses Climate Predictions As 'Too Pessimistic,' Says We Have '20 Yrs Or So' To Fix The World

<h3>Companies Reporting Before The Bell</h3>
• Vera Bradley (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $98.70 million. 
• REV Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REVG#NYSE">REVG</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $603.33 million. 
• Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $4.72 billion. 
• Cognyte Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) is expected to report quarterly loss at $0.04 per share on revenue of $87.42 million. 
• Kanzhun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $266.36 million. 
• Photronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAB#NASDAQ">PLAB</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $218.00 million. 
• Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) is estimated to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
• Nordson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) is projected to report quarterly earnings at $2.59 per share on revenue of $736.79 million. 
• Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $316.83 million. 
• Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) is estimated to report quarterly earnings at $4.66 per share on revenue of $5.54 billion. 
• Champions Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSBR#NASDAQ">CSBR</a>) is likely to report quarterly earnings at $0.01 per share on revenue of $13.05 million. 
• 17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) is estimated to report earnings for its third quarter. 
• Kewaunee Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KEQU#NASDAQ">KEQU</a>) is estimated to report earnings for its second quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ADBE

CGNT

CSBR

KEQU

NDSN

PLAB

REVG

Earnings Scheduled For December 11, 2024

Elon Musk has dismissed rumors suggesting he is purchasing property close to Donald Trump&#8216;s Mar-a-Lago estate. The speculation emerged on Thursday when DogeDesigner posted a headline that said Musk was involved in a real estate transaction near the former president&#8217;s Florida residence.
What Happened:&nbsp;Musk responded directly to the post, stating, &#8220;I'm not buying or building&nbsp;a house anywhere.&#8221;
The post from DogeDesigner included a note that readers had added context to the claim, which was subsequently denied by Musk. 
Musk&#8217;s denial comes amid his involvement in various high-profile initiatives, including recently being announced by President-elect Trump <a href="https://www.benzinga.com/news/global/24/12/42283558/elon-musks-doge-co-lead-already-targeting-tesla-rivals-vivek-ramaswamy-flags-stellantis-75b-loan-days-after-criticizing-rivians-66b-loan">to co-lead the Department of Government Efficiency </a>(DOGE) with Vivek Ramaswamy.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm not buying or building a house anywhere
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866554579925577793?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/12/42404540/whats-going-on-with-dogecoin-rival-shiba-inu-shib-2?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Dogecoin Rival Shiba Inu (SHIB)?</a>
Why It Matters: Musk&#8217;s denial of the property purchase near Mar-a-Lago is significant given his current role in the newly established Department of Government Efficiency. This department, formed by <a href="https://www.benzinga.com/24/11/42253427/elon-musks-doge-dream-team-from-marc-andreessen-to-ubers-travis-kalanick-silicon-valley-titans-join-forces-to-overhaul-federal-spending">President-elect Trump</a>, aims to identify and implement cost-cutting measures to reduce federal spending by up to $2 trillion. Musk, along with Ramaswamy, is spearheading this initiative, tapping into the expertise of Silicon Valley leaders to achieve these goals.&nbsp;
Despite the ambitious objectives, analysts like Mario Georgiou have expressed skepticism about the potential impact of DOGE, estimating savings of <a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures">$50–100 billion annually</a>, which would have a limited effect on the overall federal budget. The U.S. federal deficit is projected to reach $1.7 trillion in 2024, with mandatory spending on programs like Social Security and Medicare accounting for a significant portion of expenditures.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

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