Energy & Environmental Services Inc is a standard oil field chemical company and engaged in the blending, manufacturing, and packaging of custom liquids and solid chemicals used primarily in the oil and gas industry and high-tech specialized protective coatings for oil and gas and other industrial applications. Its product includes Ecozyme, Enduro -Bond, and Enduro-Tech. It also has products under development using enzyme technologies for animal feed supplements, organic fertilizers, and odor solutions.

ENERGY & ENVIRONMENTAL SV by Energy & Environmental Services Inc.

Energy & Envirn Servs

Keybanc analyst Paul Knight maintains Avantor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) with a Overweight and raises the price target from $40 to $45.

News

Price Target

Analyst Ratings

AVTR

Keybanc Maintains Overweight on Avantor, Raises Price Target to $45

Keybanc analyst Kenneth Zener upgrades Gibraltar Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROCK#NASDAQ">ROCK</a>) from Sector Weight to Overweight and announces $85 price target.

Upgrades

ROCK

Keybanc Upgrades Gibraltar Industries to Overweight, Announces $85 Price Target

<ul>
<li>The employment cost index for the second quarter is scheduled for release at 8:30 a.m. ET. The employment cost index is projected to increase 0.9% quarter-over-quarter in the second quarter, following a 0.9% rise in the prior quarter.</li>
<li>Data on personal income and outlays for June will be released at 8:30 a.m. ET. Analysts expect personal income dropping 0.7% in June following a 2.0% drop a month ago. Consumption expenditures, which came in unchanged during May, are likely to increase 0.6% in June.</li>
<li>Federal Reserve Bank of St. Louis President James Bullard is set to speak at 9:00 a.m. ET.</li>
<li>The Chicago PMI for July is scheduled for release at 9:45 a.m. ET. Analysts expect the index at 66.1 in July.</li>
<li>The University of Michigan&#39;s consumer sentiment index for July will be released at 10:00 a.m. ET. Consumer sentiment dropped unexpectedly to 80.8 in the preliminary report for July. Analysts expect the index closing the month at 80.8.</li>
<li>The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.</li>
<li>Data on farm prices for June will be released at 3:00 p.m. ET.</li>
<li>Federal Reserve Governor Lael Brainard will speak at 8:30 p.m. ET.</li>
</ul>
<a href="https://www.benzinga.com/calendar/economics/">Check out the full economic calendar here </a>

Economics

Pre-Market Outlook

Markets

Economic Data Scheduled For Friday

&nbsp;
<h3>Companies Reporting Before The Bell</h3>
&bull; Lexicon Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) is estimated to report earnings for its second quarter.
&bull; Embraer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) is projected to report earnings for its second quarter.
&bull; AG Mortgage Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITT#NYSE">MITT</a>) is estimated to report earnings for its second quarter.
&bull; Community Bankers Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESXB#NASDAQ">ESXB</a>) is likely to report earnings for its second quarter.
&bull; Carter&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>) is likely to report earnings for its second quarter.
&bull; Nomura Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMR#NYSE">NMR</a>) is estimated to report earnings for its first quarter.
&bull; KVH Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KVHI#NASDAQ">KVHI</a>) is projected to report earnings for its second quarter.
&bull; Arbor Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>) is projected to report earnings for its second quarter.
&bull; Oxford Lane Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXLC#NASDAQ">OXLC</a>) is likely to report earnings for its first quarter.
&bull; Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) is expected to report quarterly earnings at $0.65 per share on revenue of $1.03 billion.
&bull; Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $12.58 billion.
&bull; AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) is projected to report quarterly earnings at $3.09 per share on revenue of $13.63 billion.
&bull; W.W. Grainger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>) is expected to report quarterly earnings at $4.58 per share on revenue of $3.22 billion.
&bull; Huntsman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUN#NYSE">HUN</a>) is projected to report quarterly earnings at $0.80 per share on revenue of $1.86 billion.
&bull; Cerner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERN#NASDAQ">CERN</a>) is likely to report quarterly earnings at $0.76 per share on revenue of $1.44 billion.
&bull; Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is projected to report quarterly earnings at $0.55 per share on revenue of $10.14 billion.
&bull; Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is estimated to report quarterly earnings at $0.97 per share on revenue of $65.02 billion.
&bull; Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is likely to report quarterly earnings at $1.50 per share on revenue of $34.32 billion.
&bull; Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) is expected to report quarterly earnings at $1.09 per share on revenue of $18.36 billion.
&bull; Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) is estimated to report quarterly earnings at $1.87 per share on revenue of $2.67 billion.
&bull; Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $2.11 billion.
&bull; Cabot Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COG#NYSE">COG</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $447.14 million.
&bull; Provident Finl Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFS#NYSE">PFS</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $90.28 million.
&bull; Illinois Tool Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITW#NYSE">ITW</a>) is estimated to report quarterly earnings at $2.05 per share on revenue of $3.54 billion.
&bull; Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) is expected to report quarterly earnings at $4.78 per share on revenue of $12.61 billion.
&bull; Church &amp; Dwight Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>) is expected to report quarterly earnings at $0.70 per share on revenue of $1.26 billion.
&bull; Hill-Rom Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRC#NYSE">HRC</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $708.33 million.
&bull; Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) is estimated to report quarterly earnings at $0.97 per share on revenue of $2.01 billion.
&bull; Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) is expected to report quarterly earnings at $0.83 per share on revenue of $6.24 billion.
&bull; Imperial Oil (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $9.24 billion.
&bull; Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) is projected to report quarterly earnings at $0.80 per share on revenue of $4.24 billion.
&bull; American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $1.19 billion.
&bull; CNH Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNHI#NYSE">CNHI</a>) is likely to report quarterly earnings at $0.27 per share on revenue of $7.33 billion.
&bull; LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is likely to report quarterly earnings at $5.11 per share on revenue of $10.74 billion.
&bull; MoneyGram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGI#NASDAQ">MGI</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $321.00 million.
&bull; Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) is expected to report quarterly earnings at $0.56 per share on revenue of $1.15 billion.
&bull; TELUS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TU#NYSE">TU</a>) is projected to report quarterly earnings at $0.59 per share on revenue of $2.65 billion.
&bull; VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $2.14 billion.
&bull; Weyerhaeuser (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) is estimated to report quarterly earnings at $1.38 per share on revenue of $3.07 billion.
&bull; Newell Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $2.55 billion.
&bull; Lazard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $652.31 million.
&bull; Capri Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>) is likely to report quarterly earnings at $0.79 per share on revenue of $1.11 billion.
&bull; Barnes Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) is expected to report quarterly earnings at $0.43 per share on revenue of $304.15 million.
&bull; Avient (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVNT#NYSE">AVNT</a>) is expected to report quarterly earnings at $0.80 per share on revenue of $1.11 billion.
&bull; Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) is expected to report quarterly loss at $0.17 per share on revenue of $132.79 million.
&bull; Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) is projected to report quarterly loss at $0.04 per share on revenue of $123.25 million.
&bull; WisdomTree Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETF#NASDAQ">WETF</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $74.10 million.
&bull; PNM Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNM#NYSE">PNM</a>) is expected to report quarterly earnings at $0.42 per share on revenue of $314.11 million.
&bull; Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFA#NASDAQ">BELFA</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $128.00 million.
&bull; AdvanSix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASIX#NYSE">ASIX</a>) is estimated to report quarterly earnings at $0.89 per share on revenue of $408.55 million.
&bull; Balchem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCPC#NASDAQ">BCPC</a>) is likely to report quarterly earnings at $0.88 per share on revenue of $185.44 million.
&bull; New Senior Investment Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNR#NYSE">SNR</a>) is projected to report earnings for its second quarter.
&bull; IDEXX Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) is projected to report quarterly earnings at $2.04 per share on revenue of $782.99 million.
&bull; W.P. Carey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPC#NYSE">WPC</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $312.16 million.
&bull; CSI Compressco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCLP#NASDAQ">CCLP</a>) is likely to report quarterly loss at $0.32 per share on revenue of $72.82 million.
&bull; Ares Commercial Real (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACRE#NYSE">ACRE</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $20.00 million.
&bull; Portland General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) is projected to report quarterly earnings at $0.37 per share on revenue of $485.08 million.
&bull; Moog Inc. Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOG#NYSE">MOG</a>) is expected to report quarterly earnings at $1.20 per share on revenue of $704.38 million.
&bull; iRadimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRMD#NASDAQ">IRMD</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $8.46 million.
&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $101.51 million.
&bull; Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $94.00 million.
&bull; Fresenius Medical Care (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMS#NYSE">FMS</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $5.36 billion.
&bull; Linde (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NYSE">LIN</a>) is projected to report quarterly earnings at $2.53 per share on revenue of $7.35 billion.
&bull; Mammoth Energy Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TUSK#NASDAQ">TUSK</a>) is expected to report quarterly loss at $0.12 per share on revenue of $55.82 million.
&bull; Immunogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMGN#NASDAQ">IMGN</a>) is expected to report quarterly loss at $0.18 per share on revenue of $18.92 million.
&bull; Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) is projected to report quarterly earnings at $1.33 per share on revenue of $341.32 million.
&bull; O2Micro Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OIIM#NASDAQ">OIIM</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $24.13 million.
&bull; Shell Midstream Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLX#NYSE">SHLX</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $132.36 million.
&bull; Piper Sandler (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NYSE">PIPR</a>) is expected to report quarterly earnings at $3.19 per share on revenue of $353.90 million.
&bull; Emerald Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEX#NYSE">EEX</a>) is expected to report quarterly loss at $0.07 per share on revenue of $30.00 million.
&bull; AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $4.07 billion.
&bull; RENN Fund (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RCG#AMEX">RCG</a>) is expected to report quarterly earnings at $11.00 per share on revenue of $81.90 million.
&bull; TELUS International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $528.99 million.
&bull; Capital Product Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPLP#NASDAQ">CPLP</a>) is expected to report earnings for its second quarter.
&bull; Uxin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) is projected to report earnings for its fourth quarter.
&bull; Hillman Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLMN#NASDAQ">HLMN</a>) is projected to report earnings for its second quarter.
&bull; Mizuho Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) is likely to report earnings for its first quarter.
&bull; NatWest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWG#NYSE">NWG</a>) is likely to report earnings for its second quarter.
&bull; Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) is expected to report earnings for its second quarter.
&bull; Itau Corpbanca (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITCB#NYSE">ITCB</a>) is expected to report earnings for its second quarter.
&bull; Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) is estimated to report earnings for its second quarter.
&nbsp;
<h3>Companies Reporting After The Bell</h3>
&bull; Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) is expected to report earnings for its second quarter.

Earnings

ABBV

ACRE

ASIX

AVNT

BCPC

BELFA

BELFB

BLMN

CBOE

CCLP

CERN

CHTR

CNHI

CPLP

CPRI

CVEO

DCOM

Embraer-Empresa Brasileira De Aeronautica

ESXB

HLMN

IDXX

IMGN

IRMD

ITCB

KVHI

LXRX

MITT

MRIN

OIIM

OXLC

PIPR

SHLX

SIFY

TIXT

TUSK

UXIN

WETF

Earnings Scheduled For July 30, 2021

Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) has slashed the price of the Model 3 Standard Range&nbsp;variant in China, shows the electric vehicle maker&rsquo;s website.
What Happened: The electric fastback midsize four-door sedan is now priced&nbsp;RMB 15,000 ($2,323) lower at RMB&nbsp;235,900 yuan ($36,517) and delivery is expected in four to six weeks.
The price adjustment reflects the reality of cost fluctuations, according to a cnEVpost, which first <a href="https://cnevpost.com/2021/07/30/tesla-cuts-model-3-standard-range-price-in-china-by-about-2323/" style="text-decoration:none">reported</a> the development.&nbsp;
Tesla has been making the mid-size sedan Model 3 in Shanghai since late 2019.&nbsp;
Earlier this month, Tesla <a href="http://www.benzinga.com/news/21/07/21889636/tesla-introduces-lower-priced-model-y-in-china-that-would-qualify-for-subsidies">started taking bookings</a> for its locally built electric mid-size SUV Model Y&rsquo;s standard variant in China for under RMB 300,000 ($46,000), thus qualifying it for state-led subsidies.
Tesla started selling the locally made Model Y in China earlier this year in January after it had started manufacturing the SUV at its Shanghai Gigafactory.
Why It Matters: Tesla&rsquo;s latest price cut makes the Model 3 even more affordable after the company narrowed the price gap with the introduction of a more affordable Model Y standard variant that qualified for a subsidy.&nbsp;
The Palo Alto-based company sold 33,463 China-made electric cars in May, and its sales in China jumped by 29% from the previous month.
Unlike China, Tesla has been hiking the prices of some of its Model 3 and Model Y vehicles in the United States. Earlier this week the Elon Musk-led company <a href="http://www.benzinga.com/news/21/07/22119055/tesla-hikes-model-3-model-y-prices-in-us-yet-again">introduced a steep $1,000 price increase</a> for the Long Range editions of both Model 3 and Model Y.
Price Action: Tesla shares closed 4.69% higher at $677.35 on Thursday.&nbsp;
Click&nbsp;<a href="https://www.benzinga.com/electric-vehicles" rel="noopener noreferrer" target="_blank">here&nbsp;</a>to check out Benzinga&#39;s EV Hub for the latest electric vehicles news.&nbsp;
Photo: Courtesy of Tesla

Retail Sales

Tech

TSLA

Tesla Slashes Model 3 Standard Range Price In China

Cryptocurrencies at large are struggling to break out as Bitcoin (CRYPTO: BTC) <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22240053/bitcoin-dogecoin-ethereum-rangebound-but-these-minor-altcoins-are-skyrocketing">bulls and bears battle around</a> the $40,000 mark.
Dogecoin (CRYPTO: DOGE) is <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22215488/is-now-a-good-time-to-buy-dogecoin">hovering around</a> the 20-cent mark and other meme cryptocurrencies that struck massive gains earlier this year are charting similar courses.
Amid this anchored market, Baby Cake (CRYPTO: BABYCAKE) &mdash; a minor cryptocurrency with a fully diluted market capitalization of just $30 million is up 40% over 24 hours and seeing high social-media interest.
Baby Cake is trading at $0.0003047 &mdash; up 38% against Bitcoin and 31% against Ethereum (CRYPTO: ETH) in 24 hours leading to press time.
See Also:&nbsp;<a href="https://www.benzinga.com/money/how-to-buy-dogecoin-doge/">How To Buy Dogecoin (DOGE)</a>
The decentralized finance, or DeFi,&nbsp;cryptocurrency is based on the Binance Smart Chain and available to <a href="https://pancakeswap.info/tokens/0xdb8d30b74bf098af214e862c90e647bbb1fcc58c" style="text-decoration-line:none">trade</a> on the PancakeSwap (CRYPTO: CAKE) platform.
Baby Cake promises holders passive income in CAKE tokens through a mechanism called &ldquo;reflection&rdquo; that was popularized by meme coins like Safemoon (CRYPTO: SAFEMOON) and Shiba Inu (CRYPTO: SHIB), as <a href="https://coinmarketcap.com/alexandria/article/what-is-baby-cake-babycake" style="text-decoration-line:none">noted</a> by CoinMarketCap.
Author&rsquo;s Note: Cryptocurrencies, in general, are volatile and freshly-established cryptocurrencies with small market capitalizations especially carry significant risks. Conduct wide-reaching due diligence on your own before considering making any sort of investment.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22240668/bitcoin-bull-kevin-oleary-of-shark-tank-fame-says-this-is-why-he-would-never-invest-in-dog">Bitcoin Bull Kevin O&#39;Leary Of &#39;Shark Tank&#39; Fame Says This Is Why He Would Never Invest In Dogecoin</a>

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

Cryptocurrency

Movers

Trading Ideas

$BABYCAKE

$BTC

$CAKE

$DOGE

$ETH

$SAFEMOON

$SHIB

As Dogecoin, Other Meme Coins Struggle To Break Out, Baby Cake Shoots Up 40%

Domino&#39;s Pizza, Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dpz#NYSE">DPZ</a>) said in a <a href="https://frontofficesports.com/all-elite-wrestling-aew-dominos-pizza-cutter-tnt-warner-media-wrestling/">statement</a> to Front Office Sports on Thursday that it was not involved in &mdash; or had any prior knowledge of &mdash; the &ldquo;pizza cutter&rdquo; incident that occurred during the &quot;AEW Dynamite: Fight For Fallen&rdquo; event on Thursday night.
What Happened: The hardcore no-rules wrestling match between Chris Jericho and Nick Gage featured a well-timed, or ill-timed &mdash; depending on one&rsquo;s perception, picture-in-picture commercial for Domino&rsquo;s simultaneously as Gage slashed Jericho&rsquo;s forehead with a pizza cutter, <a href="https://www.benzinga.com/news/21/07/22231353/check-out-this-perfectly-timed-dominos-pizza-ad-during-aew-hardcore-wrestling-match" style="text-decoration-line:none">as reported by Benzinga earlier.</a>
<blockquote class="twitter-tweet">Still losing my mind over Nick Gage with the pizza cutter then DOMINOS WITH THE PIZZA CUTTER?! <a href="https://twitter.com/hashtag/AEWDynamite?src=hash&amp;ref_src=twsrc%5Etfw">#AEWDynamite</a> <a href="https://t.co/DVzEN7so4S">pic.twitter.com/DVzEN7so4S</a>
&mdash; &#38654705729039; Patches Chance &#128150;&#128156;&#128153; (@patcheschance) <a href="https://twitter.com/patcheschance/status/1420569568901218304?ref_src=twsrc%5Etfw">July 29, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Domino&rsquo;s spokeswoman Jenny Fouracre-Petko told FOS Thursday night that the family-oriented pizza company shared &ldquo;the concerns expressed about this incident and the content of this TV-14 rated program.&rdquo;
Fouracre-Petko added that Domino&rsquo;s is assessing its &ldquo;advertising presence on it going forward.&rdquo;
Price Action: Domino&#39;s Pizza stock closed 0.3% higher at $526.17 on Thursday.&nbsp;
Photo:&nbsp;screenshot via AEW/TNT.

Sports

Media

General

Domino's Says Had Nothing To Do With AEW's 'Pizza Cutter' Incident, Threatens To Pull Advertising

Tesla Inc (NASDAQ: <a href="https://www.benzinga.com/stock/tsla#NASDAQ" style="text-decoration:none">TSLA</a>) will pay $1.5 million in settlement over claims a software update temporarily reduced maximum battery charging speed, capacity and range temporarily in 1,743 Model S sedans, Reuters <a href="https://www.reuters.com/business/autos-transportation/tesla-agrees-pay-15-mln-settle-claims-over-temporary-battery-voltage-reduction-2021-07-29/" style="text-decoration:none">reported</a>&nbsp;Thursday, citing court documents.&nbsp;
What Happened: Vehicle owners will get a compensation of $625 each. The suit which was filed in August 2019 said Tesla&rsquo;s over-the-air software update reduced the maximum voltage to which batteries on some Tesla Model S vehicles could be charged.
The $1.5 million settlement includes $410,000 fees and costs for the plaintiffs&#39; attorneys. As per the documents, 1,552 vehicles had maximum battery voltage fully restored and 57 have had battery replacements &mdash;&nbsp;for other vehicles, the maximum voltage should continue to be restored over time. 
See Also: <a href="https://www.benzinga.com/news/21/03/20155216/investor-sues-elon-musk-tesla-board-over-erratic-tweeting-alleging-violation-of-sec-settlement?utm_source=dlvr.it&amp;utm_medium=facebook" style="text-decoration:none">Investor Sues Elon Musk, Tesla Board Over &#39;Erratic&#39; Tweeting, Alleging Violation Of SEC Settlement</a>
Why It Matters:&nbsp;As per the claim, the voltage limitation was temporary, with a 10% reduction lasting about 3 months, and a smaller 7% reduction lasting another 7 months before the corrective update was released in March 2020.
A subsequent update restored about 3% of the battery voltage in these vehicles, and a third update released in March 2020 was designed to fully restore the batteries&rsquo; voltage over time as the vehicles are driven, as per Reuters.
In 2019, after a Model S vehicle caught fire in Hong Kong, Tesla said it was revising charge and thermal management settings on Model S and Model X vehicles via an over-the-air software update to help further protect the battery and improve battery longevity.
Price Action: TSLA shares closed 4.69% higher at $677.35 on Thursday and were down 1.23% in extended hours.
Click <a href="https://www.benzinga.com/electric-vehicles" style="text-decoration:none">here </a>to check out Benzinga&#39;s EV Hub for the latest electric vehicles news.

Legal

Tesla Agrees To Settle Claims Of Battery Voltage Reduction For $1.5M

Cathie Wood-led Ark Investment Management snapped over 1.29 million shares, estimated to be worth about $45.18 million, in Robinhood Markets Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) on Thursday as the shares of the company key to&nbsp;the &quot;stonk&quot; revolution <a href="http://www.benzinga.com/news/21/07/22228894/robinhood-stock-opens-at-38-initially-trades-below-ipo-price">tanked </a>on its trading debut.
Robinhood shares fell 8.37% to close at $34.82 on Thursday in the company&rsquo;s first trading session and below its listing price.
As per a Bloomberg&nbsp;<a href="https://www.bloomberg.com/news/articles/2021-07-29/robinhood-flirts-with-worst-debut-ever-for-ipo-of-its-size?sref=TBDibEcD" style="text-decoration:none">report</a>, Robinhood staged the weakest IPO of its size since Uber Technologies Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) made a debut in May 2019.
A day <a href="https://www.benzinga.com/markets/cryptocurrency/21/06/21719936/robinhood-delays-ipo-after-sec-review-of-its-crypto-business-report" style="text-decoration:none">ahead</a> of the stock listing debut, Robinhood disclosed it has received inquiries from the Financial Industry Regulatory Authority and the Securities &amp; Exchange Commission related to employee trading of so-called meme stocks and the FINRA registration of CEO Vlad Tenev.
Ark deployed Ark Innovation Fund (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arkk#NYSE">ARKK</a>) to buy the shares in Robinhood.&nbsp;
The investment firm also snapped up over 1 million shares, estimated to be worth about $72.74 million, in Twitter Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) <a href="http://www.benzinga.com/markets/cryptocurrency/21/07/22141005/cathie-wood-loads-up-88m-in-twitter-after-jack-dorsey-highlights-bitcoins-role-in-social-m">further building up the stake</a> after CEO Jack Dorsey told investors last week that apex cryptocurrency Bitcoin (CRYPTO: BTC) will be a &ldquo;big part&rdquo; of the social media company&rsquo;s future.
Dorsey is also the founder of payments company Square Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>), which is heavily invested&nbsp;in the apex cryptocurrency.
Twitter shares closed 0.61% higher at $70.37 on Thursday and were down 1.3% lower in extended hours.
Ark Invest deployed the two ETFs &mdash;&nbsp; ARKK&nbsp;and the Ark Next Generation ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arkw#NYSE">ARKW</a>) &mdash; to buy the shares in the San Francisco, California-based company. No other Ark ETF holds a stake in Twitter.
The recent buys have lifted Twitter&rsquo;s position in ARKW to the second spot among a total of 50 stocks and the sixteenth-largest investment among a total of 50 stocks for ARKK.
The two ETFs together held over 11.98 million TWTR shares, worth about $838 million, as of Thursday.
Some of the other key Ark Invest buys on Thursday included Quantum-Si Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qsi#NASDAQ">QSI</a>), and UiPath Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/path#NYSE">PATH</a>), and sells included Roku Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>).&nbsp;
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/NUehKZBLBCQ" width="560"></iframe>
Photo: Courtesy of Robinhood

Long Ideas

Sector ETFs

Broad U.S. Equity ETFs

Small Cap

ETFs

ARKK

ARKW

HOOD

PATH

ROKU

TWTR

UBER

Cathie Wood Snaps Up $45M In Robinhood On Debut, Adds $73M In Twitter

NFTs, or <a href="https://www.benzinga.com/money/what-is-a-non-fungible-token-nft/">non-fungible tokens,</a> have been a hot theme of 2021 with companies and celebrities also getting in on launches of the digital assets.
Musician Grimes <a href="https://www.businessinsider.com/grimes-nft-art-warnymph-sells-for-millions-20-minutes-2021-3#:~:text=Grimes'%2010%20NFTs%20brought%20in,announced%20the%20auction%20on%20Twitter.&amp;text=One%20piece%2C%20an%20image%20that,been%20relisted%20at%20%242.5%20million.">launched </a>a series of NFTs earlier this year called the &quot;WarNympth Collection.&quot; The 10 NFTs brought in over $5.8 million, selling out in under 20 minutes.
Grimes&rsquo; partner Elon Musk, who is the CEO of Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>),&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/03/20248756/elon-musk-takes-a-dig-at-nft-investors">criticized</a>&nbsp;NFTs earlier this year.
Related Link: <a href="https://www.benzinga.com/news/20/11/18280418/5-things-you-might-not-know-about-elon-musk">5 Things You Might Not Know About Elon Musk</a>
Invest in Grimes NFTs: Fractional ownership company Otis is <a href="https://www.withotis.com/drop/grimes-nft-collection">offering </a>a package of Grimes&rsquo; NFTs that they purchased. The Newborn 1 &amp; 3 Collection features three versions of each of the two NFTs.
Investments are $10 on Otis through the first fractionalized NFT investment, according to the company.
<img alt="" src="https://www.benzinga.com/files/u163077/newborn_1.png" style="height:813px; width:650px" />Grimes&#39; Newborn 1&nbsp;NFT. Courtesy of Otis
&ldquo;Otis believes Grimes is an icon whose art is poised to hold continued value as a milestone in her artistic career &ndash; and the overall legacy of NFT artists,&rdquo; the company said.
The NFTs are valued at $6,400, according to Otis.
The company called the first Grimes NFT drop an &ldquo;important cultural milestone in the NFT landscape.&rdquo;
Otis said the NFT space can be hard for new investors to invest in, which is part of the reason for the $10 price.
About Otis: One of several fractional asset ownership platforms, Otis offers investments for as little as $10. Assets include artwork, sports cards and sports memorabilia.
Assets trade like stocks &mdash; with shares able to trade in assets at any time to buyers and sellers.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22180169/shopify-launches-nft-platform-for-merchants-with-chicago-bulls-debuting-championship-ring-">Shopify Launches NFT Platform For Merchants, With Chicago Bulls Debuting Championship Ring NFTs</a>
Photo: Courtesy of Andrew Mager via Wikimedia

You Can Invest In Grimes' NFTs For As Little As $10 With Otis: Here Are The Details

Shares of Pinterest Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) fell 6% in Thursday&rsquo;s regular trading session and also tanked more than 19% in the extended session.
What Happened: Pinterest, an online product and idea discovery platform, <a href="https://www.benzinga.com/news/earnings/21/07/22238295/why-are-pinterest-shares-getting-hammered-today">reported</a> better-than-expected earnings results for the second quarter on Thursday. Quarterly revenue grew 125% year-over-year to $613 million.
However, Pinterest&rsquo;s stock fell as investors reacted negatively to the image-sharing company&rsquo;s weaker-than-expected growth in monthly active users (MAUs) and its bearish revenue guidance for the third quarter.
Pinterest&rsquo;s global MAUs grew 9% year over year to 454 million but was weaker than expected by analysts. The online-pinboard company noted that &ldquo;engagement headwinds&rdquo; continued in the third quarter as its U.S. MAUs have declined about 7%, as of July 27.
Further, Pinterest projects third-quarter revenue to grow in the &ldquo;low-40% range&rdquo; year over year, far lower than the growth recorded in the second quarter. The company did not provide guidance on third-quarter MAUs.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22229953/6-facebook-analysts-on-q2-earnings-ads-video-and-more">6 Facebook Analysts On Q2 Earnings: Ads, Video And More</a>
Why it Matters: Pinterest, which is <a href="http://www.benzinga.com/markets/cryptocurrency/21/07/22240349/robinhood-becomes-top-wallstreetbets-interest-but-not-for-the-right-reasons-amd-amazon-til">seeing high interest from retail investors, </a>&nbsp;saw a surge in traffic last year as people spent more time online amid the pandemic restrictions. However, the company&rsquo;s user growth has slowed this year as the economy reopens and people spend less time at their homes.
The slowdown in user growth has been offset by the recovery in ad spending this year amid the economic reopening.
Price Action: Pinterest closed more than 6% lower in Thursday&#39;s regular trading session at $72.04 and further fell more than 19% in the after-hours session to $58.30.
Read Next:&nbsp;&nbsp;<a href="https://www.benzinga.com/news/21/07/22213895/why-facebook-stock-dropped-lower-today-despite-earnings-beat">Why Facebook Stock Dropped Lower Today Despite Earnings Beat</a>

Guidance

PINS

Pinterest Stock Gets Hammered Despite Stellar Q2 Earnings Beat: Here's What You Need To Know

Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO Elon Musk-led brain-machine interface startup said on Thursday it has secured $205 million in fresh funding &mdash; its largest so far.
What Happened: The Series C-funding round &mdash; considered an early-stage investment &mdash; was led by tech-based venture capital firm Vy Capital and also saw participation from Alphabet Inc&rsquo;s (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>) Google Ventures.
The San Francisco, California-based startup said it will use the funds from the round to take Neuralink&rsquo;s first product to market and accelerate the research and development of future products.
Musk has long been claiming the need to combine mind and machine, in order to prevent human beings from being overtaken by artificial intelligence. If successful, connecting the brain with computers could also help cure neurological conditions including Alzheimer&rsquo;s, dementia and back injuries.
Earlier this year, Musk released a video showing a<a href="http://www.benzinga.com/fintech/21/04/20677940/a-macaque-with-elon-musks-neuralink-implant-played-pong-using-his-mind"> macaque monkey intent on playing a video game</a> only by using thought, thanks to a neural implant allowing him to move the well-known &ldquo;vintage&rdquo; Pong game bars with its mind. The next step is human trials.&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/06/21751441/50-facts-and-figures-about-elon-musk-on-his-50th-birthday">50 Facts And Figures About Elon Musk On His 50th Birthday</a>
Why It Matters: Neuralink is not alone&nbsp;and competition in the field is intense. New York-based Synchron said this week that it has received the Food and Drug Administration&#39;s&nbsp;approval to run a clinical trial with human patients, beating out ace rival Neuralink.
Syncron aims to implant a tiny device in the brain to allow paralyzed patients to operate digital devices such as computer cursors with their thoughts.&nbsp;
Neuralink aims to do something similar. It has spent the last four years building the first high channel count brain-machine interface intended for therapeutic use in patients.&nbsp;
&ldquo;Our first product, the N1 Link, is a 1024 channel device that, once implanted, is completely invisible and transmits data via a wireless connection,&rdquo; the startup said in a statement.
This device, it said, is intended to help quadriplegics regain their digital freedom by allowing them to interact with their computers or phones in high bandwidth and naturalistic way.&nbsp;
Price Action: Tesla shares closed 4.69% higher at $677.35 on Thursday.&nbsp;
Read Next:&nbsp;<a href="https://www.benzinga.com/news/earnings/21/07/22161915/elon-musk-takes-potshots-at-apple-and-other-key-takeaways-from-tesla-ceos-possibly-last-earnings-ca?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+benzinga+%28Benzinga+News+Feed%29">Elon Musk Takes Potshots At Apple, And Other Key Takeaways From Tesla CEO&#39;s &#39;Possibly&#39; Last Earnings Call</a>
Photo by Steve Jurvetson on <a href="https://commons.wikimedia.org/wiki/File:Elon_Musk_and_the_Neuralink_Future.jpg">Wikimedia</a>

Financing

GOOG

GOOGL

Elon Musk's Neuralink Raises $205M From Google, Others In Series C Funding

&lsquo;Shark Tank&rsquo; star and renowned investor Kevin O&rsquo;Leary has likened investing in Dogecoin (CRYPTO: DOGE) to gambling and said the meme cryptocurrency&nbsp;may be considered just an &ldquo;entertainment&rdquo; as it has no inherent value.
What Happened: &ldquo;When you speculate on something like Dogecoin, that&rsquo;s no different than going to Las Vegas and putting your money on red or black,&rdquo; O&rsquo;Leary <a href="https://www.cnbc.com/2021/07/29/kevin-oleary-dogecoin-is-pure-speculation-with-no-inherent-value.html">said</a> in an interview with CNBC.
See also: <a href="https://www.benzinga.com/money/how-to-buy-dogecoin-doge/">How To Buy Dogecoin (DOGE)</a>
O&rsquo;Leary, chairman of O&rsquo;Shares ETFs, noted that unlike investments in stocks, there is no informed decision making when a person invests in Dogecoin and the buyer simply hopes that the cryptocurrency&rsquo;s price will rise.
The Canadian investing star also revealed that 10% of his operating company&rsquo;s holdings are made up of digital tokens including <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment/">Bitcoin</a>&nbsp;(CRYPTO: BTC), ether (CRYPTO: ETH) and USD Coin (CRYPTO: USDC). He added he does not plan to add Dogecoin to his portfolio.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22141281/should-you-sell-dogecoin-and-take-profit-or-hodl-and-wait-for-moonshot-meme-coins-creator-">Should You Sell Dogecoin And Take Profit Or Hodl And Wait For &#39;Moonshot?&#39; Meme Coin&#39;s Creator Says This Is How He Would Play It</a>
Why It Matters: Created as a joke cryptocurrency in 2013, Dogecoin has gained in popularity this year, thanks in part to the unstinted support of Tesla Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO Elon Musk. The altcoin&rsquo;s popularity has also led to the creation of several <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21007599/shiba-inu-and-9-other-dogecoin-inspired-cryptocurrencies-you-should-know-about">Dogecoin imitators</a>.
The Shiba Inu-themed cryptocurrency&rsquo;s year-to-date gains stand at an impressive 3,568%. However, the prices of cryptocurrencies, including Dogecoin, are seeing high volatility in recent months.
Musk boasts more than 58 million followers on Twitter and his tweets on Dogecoin sometimes have an overwhelming impact on the price of the meme cryptocurrency. This prompted the U.S. Securities and Exchange Commission in May to <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21210034/amid-elon-musks-dogecoin-endorsement-sec-warns-on-investing-in-anything-on-the-word-of-som">caution investors</a> not to make investment decisions just based on celebrity endorsements.
Price Action: Dogecoin is up 2.2% during the last 24 hours, trading at $0.2090 at press time.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22240053/bitcoin-dogecoin-ethereum-rangebound-but-these-minor-altcoins-are-skyrocketing">Bitcoin, Dogecoin, Ethereum Rangebound But These Minor Altcoins Are Skyrocketing</a>
Photo: By Dustin Blitchok. Benzinga CEO Jason Raznick, left, and O&#39;Shares ETF Investments Chairman Kevin O&#39;Leary at Benzinga&#39;s Detroit headquarters in 2018.&nbsp;

Short Ideas

$USDC

Bitcoin Bull Kevin O'Leary Of 'Shark Tank' Fame Says This Is Why He Would Never Invest In Dogecoin

Snap Inc-owned (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) social media app Snapchat is seeing a widespread outage, data from Downdetector <a href="https://downdetector.com/status/snapchat/" style="text-decoration-line:none">indicates.</a>
What Happened: As many as 125,000 people reported suffering Snapchat outages Thursday evening, as per industry tracker Downdetector. The number of outage reports had come down to 17,400 as of press time at 10:50 p.m. ET.
About 67% of those who reported issues said they were unable to send snaps. Snapchat acknowledge the issue in a post on Twitter, saying it was aware of an issue that was &ldquo;preventing some Snapchatters from logging in.&rdquo;
The social media company added that it was working on a fix.
See Also: <a href="https://www.benzinga.com/news/21/07/22118545/snapchat-scores-exclusive-olympics-content-in-nbc-deal-could-it-replicate-previous-runs-success?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+benzinga+%28Benzinga+News+Feed%29" style="text-decoration-line:none">Snapchat Scores Exclusive Olympics Content In NBC Deal &mdash; Could It Replicate Previous Run&#39;s Success?</a>
Why It Matters: Snapchat suffered backlash from users last month <a href="https://www.benzinga.com/news/21/06/21757934/snapchat-says-aware-of-widespread-issues-for-apple-users-working-on-a-fix" style="text-decoration-line:none">when the latest version</a> of its app on Apple Inc.&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) iOS platform kept crashing when the users attempted to log in.&nbsp; Snapchat reported the issue being fixed shortly after.
<blockquote class="twitter-tweet">Should be fixed now
&mdash; Jacob (@jacobandreou) <a href="https://twitter.com/jacobandreou/status/1409640178352680960?ref_src=twsrc%5Etfw">June 28, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Price Action: Snap stock closed 1.6% lower at $74.92 on Thursday and traded another 1.5% lower in the after-hours session.
Read Next: <a href="https://www.benzinga.com/news/21/07/22118771/snapchat-parent-to-add-5-new-games-this-year-highlights-augmented-reality-push?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+benzinga%2Fnews+%28Channels+-+News%29" style="text-decoration-line:none">Snapchat Parent To Add 5 New Games This Year, Highlights Augmented Reality Push</a>

AAPL

SNAP

Snapchat Suffers Outage, Users Report Not Being Able To Log In

Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is in late-stage talks to pick a stake in SoftBank Group Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sftby#OTC">SFTBY</a>)-backed Indian hotel aggregator chain Oyo Rooms that values the startup at $9 billion,&nbsp;TechCrunch&nbsp;<a href="https://techcrunch.com/2021/07/29/microsoft-in-talks-to-back-india-oyo/" style="text-decoration:none">reported</a> on Thursday, citing a person familiar with the matter.
What Happened: The budget hotel aggregator, which allows users to book rooms via their phones or the web, has navigated through the pandemic with layoffs and losses, could announce a deal on Friday.
The deal may require Oyo, which is considering an initial public offering, to use Microsoft&rsquo;s cloud services, the report noted.
Oyo&rsquo;s $10 billion valuation in 2019 has been reduced to $3 billion in recent quarters. Earlier this month, Oyo said it had <a href="https://www.benzinga.com/pressreleases/21/07/n22022487/oyo-raises-660-mn-through-its-maiden-tlb-funding-from-leading-institutional-investors-oversubscrib" style="text-decoration:none">raised</a> $660 million in debt.
See Also: <a href="https://www.benzinga.com/news/earnings/21/07/22188630/microsoft-says-its-all-in-on-games-as-xbox-sales-subscription-growth-offsets-post-pandemic-impact-i">Microsoft Says It&#39;s &#39;All In&#39; On Games As Xbox Sales, Subscription Growth Offset Post-Pandemic Impact In Q4</a>
&nbsp;
Why It Matters: Oyo had been growing fast until the pandemic hit the startup&rsquo;s business like a &lsquo;cyclone,&rsquo; forcing it to lay off employees and curb expansion plans even as it battled toxic culture and lapse in governance and relationship with many hotel owners.
Microsoft has in the past made investments in Indian startups that include news aggregator and short-video platform DailyHunt, Walmart Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>)-owned e-commerce giant Flipkart, and logistics SaaS firm FarEye.
Price Action: Microsoft shares closed 0.1% higher at $286.50 on Thursday and were down 0.73% in extended hours.
For news coverage in French, Italian, or Spanish, check out&nbsp;<a href="https://fr.benzinga.com/" rel="noopener noreferrer" target="_blank">Benzinga France</a>,&nbsp;<a href="https://it.benzinga.com/" rel="noopener noreferrer" target="_blank">Benzinga Italia</a>, or&nbsp;<a href="https://es.benzinga.com/" rel="noopener noreferrer" target="_blank">Benzinga Espa&ntilde;a</a>.

MSFT

SFTBY

Microsoft Nears Deal To Buy Stake In Indian Hospitality Unicorn Oyo Ahead Of IPO: Report

XRP (CRYPTO: XRP), the token associated with Ripple Inc, traded 7.59% higher at $0.75 over 24 hours at press time on Thursday.
What&rsquo;s Moving? XRP moved up 6.05% and 1.14% against <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment/" style="text-decoration-line:none">Bitcoin</a> (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), respectively.&nbsp;
The Ripple cryptocurrency&nbsp;has shot up 25.49% over a seven-day trailing period. On a year-to-date basis, XRP is up&nbsp;217.4%.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-ripple-xrp/" style="text-decoration-line:none">How To Buy XRP (XRP)</a>
Why Is It Moving? On Wednesday, Ripple said it was launching <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22215085/xrp-is-seeing-higher-interest-than-bitcoin-dogecoin-on-twitter-today-whats-going-on" style="text-decoration-line:none">RippleNet&rsquo;s first On-Demand Liquidity service</a> implementation between Japan and the Philippines.
<blockquote class="twitter-tweet">Announcing our newest On-Demand Liquidity corridor in (drumroll please&hellip;) JAPAN ! <a href="https://t.co/xiHXnYjo6z">https://t.co/xiHXnYjo6z</a>
&mdash; Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1420263849693900804?ref_src=twsrc%5Etfw">July 28, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>The move would allow Ripple to tap into the nearly $2 billion a year remittance opportunity between the two countries.
See Also: ​​<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22214518/dogecoin-creator-says-this-is-the-ultimate-c-ap-coin-and-for-a-good-reason" style="text-decoration-line:none">Dogecoin Creator Says This Is The &#39;Ultimate C*ap Coin &mdash; &#39; And For A Good Reason</a>
Social media interest in the coin has spiked on the news with XRP trending at the second spot behind Bitcoin in terms of mentions on Twitter Inc&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NASDAQ">TWTR</a>) platform, as per data from Cointrendz.
XRP was also trending at the third spot on Stocktwits&rsquo;s list of 10 trending streams at press time.
Ripple is <a href="https://www.benzinga.com/markets/cryptocurrency/20/12/18909892/ripple-xrp-and-the-sec-what-you-need-to-know" style="text-decoration-line:none">embroiled in a legal war</a> with the U.S. Securities and Exchange Commission and secure a <a href="https://www.benzinga.com/markets/cryptocurrency/21/04/20513584/could-ripples-xrp-latest-legal-win-be-game-over-for-the-sec-lawsuit" style="text-decoration-line:none">crucial win in April </a>over the latter.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22240053/bitcoin-dogecoin-ethereum-rangebound-but-these-minor-altcoins-are-skyrocketing" style="text-decoration-line:none">Bitcoin, Dogecoin, Ethereum Rangebound But These Minor Altcoins Are Skyrocketing</a>
Photo: Courtesy of <a href="https://www.quoteinspector.com/images/bitcoin/ripple-circuitboard-candlesticks/">QuoteInspector</a>

$XRP

Why Is XRP Cryptocurrency Shooting Up Today?

RobinHood Markets Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>), Advanced Micro Devices Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>) and Amazon.com Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) are among the stocks seeing the highest interest on Reddit&rsquo;s r/WallStreetBets forum as of Thursday night.
What Happened: Online brokerage Robinhood Markets was the most-discussed stock on the forum with 1,360 mentions, followed by exchange-traded fund SPDR S&amp;P 500 ETF Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) with 854 mentions during the last 24 hours, data from Quiver Quantitative showed.
Chipmaker Advanced Micro Devices and e-commerce giant Amazon.com are in the third and fourth positions, having attracted 592 and 571 mentions on the forum respectively.
The other stocks that are trending on the forum include Canadian cannabis producer Tilray Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>), video game retailer GameStop Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>), electric vehicle maker Tesla Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), steelmaker Cleveland-Cliffs Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clf#NYSE">CLF</a>), Pinterest Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) and Facebook Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>).
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/21/07/22214214/jim-cramer-mourns-for-short-sellers-who-bet-against-amd-google-boeing">Jim Cramer Mourns For Short Sellers Who Bet Against AMD, Google, Boeing</a>
Why It Matters: Robinhood Markets made its highly anticipated <a href="https://www.benzinga.com/news/21/07/22228894/robinhood-stock-opens-at-38-initially-trades-below-ipo-price">stock-market debut</a> on Thursday, but some angry Reddit investors want nothing to do with the company as it had placed controversial temporary buying restrictions on Reddit-favorite stocks such as GameStop earlier this year.
The top post on the WSB forum on Thursday, which had over 36,800 upvotes at press time,&nbsp;pertained to Robinhood. An overwhelming majority of the comments expressed negative sentiments related to the company&#39;s stock.
One of the WSB members dubbed Robinhood as a &ldquo;future penny stock,&rdquo; while another member accused the company of having a mission to &ldquo;take from the poor and give to the rich.&rdquo;
Amazon.com&nbsp;<a href="https://www.benzinga.com/news/earnings/21/07/22235169/amazon-q2-earnings-takeaways-aws-expansion-20-emmy-noms-softer-guidance">reported</a> second-quarter earnings that beat estimates, while revenue missed expectations and it also issued weak third-quarter revenue guidance.
Pinterest, an online product and idea discovery platform, is seeing interest from retail investors after <a href="https://www.benzinga.com/news/earnings/21/07/22238295/why-are-pinterest-shares-getting-hammered-today">reporting</a> better-than-expected results for the second quarter on Thursday.
Price Action: Robinhood shares closed almost 8.4% lower in Wednesday&rsquo;s regular trading session at $34.82, but edged up less than 0.1% in the after-hours session to $34.85.
SPDR S&amp;P 500 ETF Trust shares closed 0.4% higher in the regular trading session at $440.65, but declined almost 0.6% in the after-hours session to $438.20.
Advanced Micro Devices shares closed 5.1% higher in the regular trading session at $102.95, but declined 1.5% in the after-hours session to $101.36.
Read Next: <a href="https://www.benzinga.com/news/21/07/22228934/josh-brown-calls-robinhood-an-online-gambling-platform-helped-propped-up-by-dogecoin">Josh Brown Calls Robinhood An Online Gambling Platform, Helped Propped Up By Dogecoin</a>
Photo: Courtesy of Robinhood

AMZN

TLRY

Robinhood Becomes Top WallStreetBets Interest But Not For The Right Reasons; AMD, Amazon, Tilray Other Top Trends

<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment/" style="text-decoration-line:none">Bitcoin</a> (CRYPTO: BTC) and major cryptocurrencies remained rangebound as the global cryptocurrency market capitalization rose 1.37% to $1.57 trillion on Thursday night.
What Happened: The apex coin traded largely flat, up 0.32% at $40,020.55, over 24 hours at press time. Over the week, BTC is up 24.13%.
Ethereum (ETH) traded 4.56% higher at $2,393.61 and, over a seven-day period, is up 18.42%.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-ethereum/" style="text-decoration-line:none">How To Buy Ethereum (ETH)</a>
Shiba Inu-themed Dogecoin (CRYPTO: DOGE) was up 0.36% at $0.205 over 24 hours. For the week, DOGE has risen 8.2%.
DOGE was up 0.07% against BTC and, against ETH, it fell 3.88% over 24 hours.
Solana (CRYPTO: SOL) was among the top gainers over 24 hours on Thursday. The so-called Ethereum-killer rose 12.91% to $31.18 over 24 hours. For the week, SOL has risen&nbsp;13.09%.
SOL is up 12.39% and 7.95% against BTC and ETH respectively over 24 hours.
Minor altcoins that were in the green over 24 hours included Quant (CRYPTO: QNT), THORChain (CRYPTO: RUNE), and Fantom (CRYPTO: FTM).
QNT rose 33.22% to $131.11, RUNE spiked 20.94% to $5.62, while FTM was up 10.14% to $0.25 in the period.
Why It Matters: Some analysts are of the view that BTC will move within the $30,000 to $40,000 range in the short term.
&ldquo;Our sense is that the market will keep looking to trade within this $30K-$40K range in the near term,&rdquo; said QCP Capital, <a href="https://www.coindesk.com/market-wrap-bitcoin-stalls-near-40k-as-buyers-take-profit">reported</a> Coindesk.
Amber Group&rsquo;s head of America Jeffrey Wang said, &ldquo;Price levels to consider are the $40,000 psychological price level, and $44,000, which is the next resistance level BTC saw when Tesla announced they would accept BTC as payment back in February.&rdquo;
On ETH&rsquo;s chart, Benzinga&rsquo;s Tyler Bundy said Thursday that the $3,000 level has previously held as resistance.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22216514/bitcoin-active-addresses-at-their-lowest-since-february-of-2019" style="text-decoration-line:none">Bitcoin Active Addresses At Their Lowest Since February Of 2019</a>
Bundy wrote that the low trendline is holding as support and has been building up to the resistance level, while the relative strength index has been moving up, and should that trend continue in line with price, there may be a <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22237908/is-ethereum-seeing-a-reversal-heres-where-the-crypto-could-go" style="text-decoration-line:none">breakout above resistance</a>.
Meanwhile, PayPal Holdings Inc&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) &ldquo;super app&rdquo; digital wallet interface will come with <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22215883/paypals-new-super-app-will-come-with-added-crypto-capabilities" style="text-decoration-line:none">enhanced cryptocurrency functionality.</a> The company&rsquo;s CEO Dan Schulman told analysts at an earnings call he was &ldquo;pleased with the momentum we&#39;re seeing on crypto.&rdquo;
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22215488/is-now-a-good-time-to-buy-dogecoin" style="text-decoration-line:none">Is Now A Good Time To Buy Dogecoin?</a>

$FTM

$RUNE

$SOL

PYPL

Bitcoin, Dogecoin, Ethereum Rangebound But These Minor Altcoins Are Skyrocketing

The time you spend after graduating isn&rsquo;t really when you&rsquo;ve made the wisest financial moves. Maybe you live with your parents and have enough financial support from them.
Let&#39;s admit, time is the most significant asset one can have. And, if you have already entered your 20s, the outcome of waiting to invest money is considerable. You might think investing in your 20s is too early to start with practical life or estimating your future financial state, but it definitely makes a heck of a difference on your road to retirement.
Don&rsquo;t fret if you have no idea how to go about it. Here, I enlisted some mistakes and lessons I learned in my 20s.
<h3>Mistakes and Lessons in my 20s</h3>
Did you know investing in your 20s can give you an average of an 8 percent return rate, and you will be able to save approximately&nbsp;<a href="https://www.cnbc.com/2019/05/10/suze-orman-why-you-should-start-investing-in-your-20s.html">12 percent</a>&nbsp;of your stipend? Putting away just $15 per day can help you reach $1 million before you blow candles on your 65th birthday.
Check out these &ldquo;mistakes come lessons&rdquo; to make the most of each opportunity you get in your early 20s.
<h3>Set Serious Goals</h3>
For many people, the primary financial goal is to go out as much as they can and have enough savings to left to pay the rent at the end of the month. However, these paltry savings are never fulfilling. Put simply, whether alone or with your partner, it is important to set goals and make an action plan to achieve them. For instance, if buying a house is one of your long-term goals, you might need to move to a less expensive area to build savings.
<h3>Determine a Reliable Budgeting System</h3>
Most youngsters in their 20s define their budgeting system by the lack thereof. However, it doesn&rsquo;t work for everyone, just as it didn&rsquo;t for me until I started tracking all my expenses and spending. In the beginning, you may feel you&lsquo;re slacking if you don&rsquo;t document every penny you spend. Considering this, it is always better to keep a simple budget that works for you. Always opt for a&nbsp;<a href="https://www.nerdwallet.com/article/finance/how-to-budget?utm_campaign=ct_prod&amp;utm_source=ap&amp;utm_medium=mpsyn">budgeting system</a>&nbsp;that not only reflects you but also works the best for you.
<h3>Increase Your Savings</h3>
If you begin your journey with something easier, there is nothing simpler than saving some amount every month.&nbsp;
You don&#39;t have to make huge investments or buy stocks to get started. If you can contribute less than $100 monthly, you can take a good start. But the more you put away, the more you will save. If you&#39;re a beginner and don&#39;t know where to start, using a retirement calculation can help you figure out the amount you should start with. Preferably, this smart tool gives you saving goals and helps you work towards them. One savvy thing to make it work for you is to increase your saving rate whenever you get a promotion.&nbsp;
Increasing the savings rate up to <a href="https://www.nytimes.com/guides/business/saving-money-for-retirement">3 percent of your annual raise</a> can get you closer to $1 million by the age of 65.&nbsp;Doesn&#39;t it sound great?
<h3>Summing Up</h3>
All in all, the tips mentioned above are great to jump on your investment plan in your 20s. You need to choose the ones that suit your budget. They can help you prepare for long-term success. 
Authors Bio:&nbsp;Lyle Solomon has significant expertise in legal research and writing. He is a member of the State Bar of California and has extensive litigation experience.
Solomon has helped over 6000 people become debt-free. He has also contributed articles to top-notch websites on debt, credit, consumer laws, bankruptcy, and more.
Link
<a href="https://www.forbes.com/sites/peterlazaroff/2020/07/15/investing-by-age-series-investing-in-your-20s/?sh=7b43b0653961" title="https://www.forbes.com/sites/peterlazaroff/2020/07/15/investing-by-age-series-investing-in-your-20s/?sh=7b43b0653961">https://www.forbes.com/sites/peterlazaroff/2020/07/15/investing-by-age-series-investing-in-your-20s/?sh=7b43b0653961</a>
<a href="https://abcnews.go.com/Lifestyle/wireStory/millennial-money-trial-error-learned-20s-78146100" title="https://abcnews.go.com/Lifestyle/wireStory/millennial-money-trial-error-learned-20s-78146100">https://abcnews.go.com/Lifestyle/wireStory/millennial-money-trial-error-learned-20s-78146100</a>

Education

Opinion

Success Stories

Millennial Money: Mistakes And Lessons Learned In My 20s

By Michael&nbsp;Sassano
Multi-State Operators (MSOs) in the United States are primed for the next big stock amp-up, which could see at minimum a 50 percent move starting as early as late August even without federal legislative movement. As volumes start to pick up this July, US stocks don&rsquo;t need a special event to bounce off this latest correction.&nbsp;
<h3>Cannabis is a Consistent Performer</h3>
Cannabis is rapidly <a href="https://mjbizdaily.com/retail-marijuana-sales-rival-taco-bell-nfl/">closing the revenue gap</a> outpacing such landmark institutions as the National Football League &mdash; and there is still an estimated $66 billion U.S. legacy market still to replace. Even more compelling is the emergence of profitability that is coming after the <a href="https://www.globenewswire.com/news-release/2019/01/15/1691880/0/en/NEW-REPORT-Worldwide-Legal-Cannabis-Spending-Hits-12-2-Billion-in-2018-projected-to-Grow-38-to-16-9-Billion-in-2019.html">massive infrastructure spending</a> that started in 2018 and 2019. While summers have always presented lower volumes of movement for <a href="https://www.investopedia.com/terms/s/small-cap.asp">small caps</a>, the trading indexes are showing favorable valuations through the end of the season, despite the to-be-expected typical federal legislative gridlock on the horizon.
Even without federal rule enactment of legislation like the SAFE Banking Act, U.S. cannabis revenues increased astronomically from $1.9 billion in 2014 to $17.5 billion in 2020, beating expectations yet again. Forbes <a href="https://www.forbes.com/sites/irisdorbian/2021/06/18/legal-cannabis-market-projected-to-rack-up-43-billion-by-2025-says-new-study/?sh=410bc0ae36b4">recently predicted</a> that by 2025 the U.S. market will reach $43 billion &mdash; which only a few months ago was predicted to reach $29 billion. A flurry of newly legalized states (and more to come) all but ensure we will most likely see another stellar year in 2021, and an even larger increase in 2022. And with more demographics like seniors opening up to cannabis therapies, the industry is growing more robust with legalization sweeping through the remaining hold-out states.
<h3>Cannabis is Creeping up the U.S. Marijuana Index</h3>
Compare the above mentioned revenue growth and increased growth predictions to the <a href="https://marijuanaindex.com/">U.S. Marijuana Index</a> and you will see a typical over-optimistic yearly run. The index started in January 2015 and was trading at 115 which is above where we are trading today, around 110. By February 2016 that index dropped to 23 which is exactly where the second-biggest drop bottomed in March of 2020. In that period from February 2016 to March 2020, we saw two peaks of 101 in late October 2016 and another peak of 134 in April 2019 followed by a record high in February 2021 of 145. The next run will crack the 145 ceiling established this year and surpass it.&nbsp;
The quality of companies operating now &mdash; plus the solid fundamental of a guaranteed, permanent U.S. cannabis market &mdash; is dramatically different from the landscape back in 2015. Profitability has emerged as a recurring theme in larger, more well-developed MSOs, while smaller companies have learned to be profitable by starving MSOs of capital markets. Of course, if the SAFE Banking Act or other measures occur to stimulate cannabis companies, that will turbocharge the financial environment, but it&rsquo;s not vital for hitting a new high in cannabis stocks this year. Cannabis sales will keep increasing, companies will continue posting record numbers and profits, and new states will legalize until federal rules catch up to consumer preference.
<h3>Legislative Stagnation Can&rsquo;t &amp; Won&rsquo;t Impede the Growth of the Cannabis Market</h3>
Mergers and Acquisitions (M&amp;A) and infrastructure building are reaching the highest levels ever seen. And despite Canada&rsquo;s woes, the U.S. and global capital markets are responding by beefing up their services for cannabis. The U.S. is receiving the largest benefit of private equity funding due to the massive revenue stream that is gaining momentum, but also the increased fundamentals of the companies. People are shunning the build and forget about the profitability model Canada&rsquo;s federal legalization brought and realize cannabis is here to stay and best to invest in profitable operators. However, money and M&amp;A are going to all companies big and small in the U.S.; Even the Canadians are trying to buy into the U.S. market and picking up the scraps that U.S. MSOs are passing on. Expect M&amp;A and infrastructure investment to only increase over the year.
Ideally, positive legislation will be taken on Capitol Hill to work toward building out the cannabis industry, but regardless of this term&rsquo;s action cannabis will continue making major gains. The political hubbub becomes mere background noise to the daily reality of a regular U.S. cannabis consumer. <a href="https://www.politico.com/news/2020/11/04/1-in-3-americans-lives-where-recreational-marijuana-legal-434004">100.9 million U.S. residents </a>already live in a recreational state and <a href="https://www.medicalmarijuanainc.com/news/95-u-s-population-lives-states-marijuana-legal-finds-report/">95 percent of residents</a> live in a state with approved medical cannabis &mdash; so the consumer population is present and growing. 
Moving into the fall, we will see disrupted supply chains return to full volume production in the market, and should be prepared for the next stock run somewhere around late August. Already cannabis brokerage houses are telling brokers to take time off now and be prepared for heavy activity in late August. The valuations you see today won&rsquo;t be around again, and any surprise positive news from Washington DC will send stocks doubling where they are today.
Author Bio: Michael&nbsp;Sassano, the CEO of Somai Pharmaceuticals, a European company centered in pharmaceutical extraction, manufacturing and formulation of pharma-grade GMP-certified cannabinoid products throughout the European Union.

Cannabis

Cannabis Stocks Next Big Wave Is Coming Late August

OKLAHOMA CITY, Nov. 17, 2020 /PRNewswire/ -- Energy and Environmental Services, Inc. (OTC:<a class="ticker" href="/stock/EESE#OTC">EESE</a>) announced changes in its Board of Directors.  Effective November 12, 2020, board members Todd Jelinek and Troy Todd resigned from their positions, which they have held since November 2016 and June 2017, respectively.  They were replaced by Gary Presley and Matthew Hoffman.  Both Mr. Todd and Mr. Jelinek will continue their officer roles with the company.  
&#34;I truly appreciate the time, effort, and dedication Mr. Jelinek and Mr. Todd gave the company during their time as board members,&#34; said Chairman and CEO, Leon Joyce.  &#34;The insight they brought to the board as an employee was very valuable.  As we continued to downsize the company in 2020, they each had less time for the board as their daily workloads increased.  Both Troy and Todd are valuable assets to the company as we continue to move forward,&#34; he added.  
Commenting on the new directors, Mr. Joyce said, &#34;We are fortunate to have Gary Presley and Matthew Hoffman as board members.  They will bring a new perspective to the board.  I am excited to hear ideas from Matthew and Gary as they both bring new insight to the leadership of EES.&#34;  
Matthew Hoffman will be the company&#39;s fourth independent board member.  Mr. Hoffman has held the position as workover completions manager at Integrated Petroleum Technologies Inc., in Golden, Colorado, since 2018.  From 1999 to 2018, he was the Engineer for Basic Energy Services and Maverick Stimulation in Fort Morgan, Colorado.  Mr. Hoffman has over 26 years&#39; engineering experience in the oil and gas industry in the modeling, design and implementation of stimulation and workover procedures, as well as extensive oil and gas chemistry background.  Mr. Hoffman holds a bachelor&#39;s degree in Petroleum Engineering from the Colorado School of Mines.
Gary Presley serves as Vice President of Sales, a position he has held since EES acquired Patriot in May 2019.  Since 2010, he has been the President of Patriot.  Before forming Patriot in 2010, Mr. Presley spent over 30 years in the production chemical business with companies like Champion, Multichem, and Tretolite/Baker Petrolite. He holds a bachelor of science degree in biology from Southeastern Oklahoma State University.
About EES Energy and Environmental Services, Inc. (OTC:<a class="ticker" href="/stock/EESE#OTC">EESE</a>) based in Edmond, Oklahoma, participates in the oilfield chemical, anti-corrosive coatings and biotech industries.  EES was established in 1991 and management has over 200 years of combined experience in blending, manufacturing and packaging custom liquids and solid chemicals for the oil and gas, farm and ranch, and agricultural industries.  Additionally, EES has expanded to manufacture coated oil and gas pump barrels, OMRI-certified liquid fertilizer, and other products and applications for livestock feed supplements, specialized anti-corrosive coatings, trucking services, and enzyme system technologies.   Please visit the company&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=2984831-1&amp;h=2532672256&amp;u=http%3A%2F%2Fwww.eesokc.com%2F&amp;a=www.eesokc.com" rel="nofollow">www.eesokc.com</a>. 
Safe Harbor for Forward-Looking Statements Certain statements contained in this press release are forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause Energy and Environmental Services actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by law, Energy and Environmental Services expressly disclaims any intent or obligation to update any forward-looking statements.
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SOURCE Energy and Environmental Services, Inc.

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