Eastgate Biotech (OTC:ETBI) Stock, Quote.Headers.trade-ideas

Eastgate Biotech Corp is a biotech company concentrating on altering the delivery ways for well-known drugs, administered only by injections, to non-invasive (oral or sublingual) routes. It is developing a technology platform for enhanced drug delivery designed to improve compliance and increase health benefits to fit today's health-conscious lifestyles. Its technology focuses on the delivery of insulin via a liquid insulin mouth solution based on a proprietary/Trade Secret composition for the treatment of Type 2 diabetes patients and Alzheimer's disease.

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EASTGATE BIOTECH CORP by Eastgate Biotech Corp.

Eastgate Biotech Corp

RBC Capital analyst Drew McReynolds maintains BCE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BCE#TSX">BCE</a>) with a Sector Perform and raises the price target from C$51 to C$53.

Price Target

Analyst Ratings

TSX:BCE

RBC Capital Maintains Sector Perform on BCE, Raises Price Target to C$53

Roth MKM analyst Eric Handler maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Neutral and maintains $154 price target.

Roth MKM Maintains Neutral on Electronic Arts, Maintains $154 Price Target

A six-figure campaign event at a luxury Georgia resort aimed at <a href="https://www.benzinga.com/topic/florida-cannabis" target="_blank" rel="noopener">opposing Florida's cannabis</a> and abortion amendments ended up losing money rather than generating a profit.
What Happened: The Ron <a href="https://www.benzinga.com/markets/cannabis/24/06/39279951/desantis-new-freedom-fund-has-2-stated-goals-defeat-cannabis-legalization-and-abortion-amendment">DeSantis-affiliated Florida Freedom Fund</a>, formed in late-May with the stated goal of defeating cannabis legalization and restoring abortion access, "blew through nearly $116,000 between Aug. 31 and Sept. 6, even though it raised just over $41,000 in the same time," <a href="https://floridapolitics.com/archives/696216-ron-desantis-tied-committee-spends-big-on-georgia-ritz-carlton-retreat-as-it-fights-pot-abortion-initiatives-in-florida/">reported</a> Florida Politics. Most of that, about $115,000, went to cover costs at the Ritz-Carlton in Georgia. This spending constitutes over a third of the campaign's total expenditures since it launched. 
The cannabis legalization initiative, known as Amendment 3, is set to go before Florida voters in <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d" target="_blank" rel="noopener">the upcoming November elections</a>.
Despite the lavish spending, the committee raised just over $41,000 during the same period, marking the second time its expenditures outpaced contributions. Both the Florida Freedom Fund and Keep Florida Clean, another anti-amendment group linked to DeSantis, have struggled with more spending than fundraising since September. Keep Florida Clean spent more than $286,000 in the same period but raised just $1,600.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
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<h2 class="wp-block-heading">Pro-Cannabis Committee Is Flush: Millions Keep Coming In</h2>
Meanwhile, Amendment 3, which is now the best-funded cannabis legalization amendment in American history, has no shortage of cash on hand. Led by the <a href="https://drupal-cloudfront.benzinga.com/topic/smart-safe-florida">Smart &amp; Safe Florida</a> committee, the amendment received $90.44 million through Aug. 30, <a href="https://news.ballotpedia.org/2024/09/18/florida-amendment-3-exceeds-previous-records-for-marijuana-legalization-campaign-contributions/">according to Ballotpedia</a>.
As of Sept. 6, Florida's largest medical marijuana company, Trulieve Cannabis Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>), had contributed $87.77 million in cash and in-kind contributions to the Smart &amp; Safe committee since 2022, reported News Service of Florida, citing a state database.
DeSantis <a href="https://www.benzinga.com/markets/cannabis/24/09/40926862/desantis-targets-one-big-weed-company-funding-floridas-legalization-campaign-cites-corporate-int">lashed out</a> recently at Trulieve, calling the company a corporate monopoly that seeks to corner the cannabis market.
Read More: <a href="https://www.benzinga.com/markets/cannabis/24/09/40926862/desantis-targets-one-big-weed-company-funding-floridas-legalization-campaign-cites-corporate-int">DeSantis Targets &#8216;One Big Weed Company&#8217; Funding Florida&#8217;s Legalization Campaign, Citing &#8216;Corporate Interests&#8217;</a>
<h2 class="wp-block-heading">Anti-Cannabis Committees Having Trouble Keeping Up</h2>
Both the Florida Freedom Fund and Keep Florida Clean committees are chaired by James Uthmeier, DeSantis' chief of staff and former campaign manager when the governor ran for president. As of Sept. 6, the Florida Freedom Fund had a little more than $3.4 million remaining in cash. Keep Florida Clean had just over $3.9 million, noted Florida Politics.
While fundraising has been lackluster, the Florida Freedom Fund received several notable donations, including $25,000 from Next Generation Energy Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NGMC#OTC">NGMC</a>) and $10,000 from a Pompano Beach retiree. The outlet noted that the committee continues to rely heavily on a mid-August  $12 million donation from Citadel CEO Ken Griffin.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40923340/trump-says-yes-to-legal-cannabis-in-florida-but-hometown-palm-beach-says-no-thanks-to-weed-shops">Trump Says Yes To Legal Cannabis In Florida, But Hometown Palm Beach Says No Thanks To Weed Shops</a></li>
</ul>
Photo by Hvoenok-and-GOR-Photos

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DeSantis-Backed Anti-Cannabis PACs 'Blew Through' $116K At Fundraiser, While Pro-Pot Group Holds $90M War Chest

Guidance

Corning Says Implementing Price Increases In Display Technologies And Expects To Deliver Segment Net Income Of $900M-$950M In 2025, And To Maintain Net Income Margin Of 25%

WLDS

Wearable Devices Unveils Mudra Band Gesture Control For Apple Watch, Offering AI-Powered, Touchless Operation For Hands-Free Convenience And Enhanced Accessibility

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.corning.com%2Fworldwide%2Fen.html&amp;esheet=54124384&amp;newsitemid=20240918594823&amp;lan=en-US&amp;anchor=Corning+Incorporated&amp;index=1&amp;md5=428e64b43c9d60ea476cf7923800b0b0">Corning Incorporated</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) will host a meeting today at its optical fiber facility in Concord, North Carolina, with investors and industry analysts to provide significant updates to its "Springboard" plan to add more than $3 billion in annualized sales with strong incremental profit and cash flow in the next three years.
Wendell P. Weeks, chairman and chief executive officer, said,"I'm very pleased with the progress we have made on our ‘Springboard' plan to add more than $3 billion in annualized sales by 2026. The plan leads to an improving return profile, with profits growing significantly faster than sales. Today, we are sharing our Springboard operating-margin target of 20% by the end of 2026."
Weeks continued, "We are implementing price increases in Display Technologies and expect to deliver segment net income of $900 million to $950 million in 2025, and to maintain net income margin of 25%. Additionally, our positive momentum in Optical Communications continues – Enterprise sales are expected to grow by more than 40% year over year in the third quarter, driven by the continued strong adoption of our generative AI products."
Ed Schlesinger, executive vice president and chief financial officer, said, "Our second-quarter results and third-quarter guidance put us well ahead of our ‘Springboard' plan run rate. In the third quarter, we continue to expect sales of $3.7 billion and EPS of $0.50 to $0.54."
Today, Corning management will lead investors through a tour of the company's – and the world's – largest and lowest cost optical-fiber production facility. During the visit, leadership will highlight the company's unique competitive advantage and industry and technology leadership – which enables Corning to capture the significant growth opportunity outlined in its Springboard plan.

Corning Provides Update On Key Milestones In 'Springboard' Plan To Add More Than $3B In Annualized Sales, And Shares Operating-Margin Target Of 20% By End Of 2026; Sees Q3 Expected Sales Of $3.7B (Est. $3.71B); And EPS Of $0.50-$0.54 (Est. $0.53)

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Crown Electrokinetics shares are trading higher after the company announced it secured a $10 million contract for lead pipe inspection.

RBC Capital analyst Greg Pardy reiterates Imperial Oil (TSX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#TSX">IMO</a>) with a Sector Perform and maintains C$99 price target.

Reiteration

TSX:IMO

RBC Capital Reiterates Sector Perform on Imperial Oil, Maintains C$99 Price Target

Contracts

Crown Electrokinetics' Element 82 Division Secures $10M Contract For Lead Pipe Inspection, Work To Begin In Late October 2024

Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is gearing up for the holiday season with new initiatives<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40931888/walmart-unveils-its-holiday-plans-with-early-shopping-deals-and-affordable-meals" rel="noreferrer noopener"> aimed at convenient shopping habits</a>.
Leading the charge is the return of its inflation-free Thanksgiving meal, now priced lower than last year, set to launch on October 14.
This year, the retailer also introduced a convenient &#8220;buy one, give one&#8221; donation feature, allowing customers to easily contribute meals to those in need.
According to Deloitte&#8217;s annual holiday retail <a target="_blank" href="https://www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/Deloitte-Holiday-Retail-Sales-2024-2025.html" rel="noreferrer noopener">forecast</a>, holiday retail sales are expected to rise between 2.3% and 3.3% in 2024. In 2023, holiday sales had a growth rate of 4.3% during the same timeframe.
In the aftermath of COVID, the biggest retailers in the U.S. have captured a significantly larger portion of retail growth, according to a Forbes <a target="_blank" href="https://www.forbes.com/sites/jasongoldberg/2024/05/29/the-holiday-2024-shopping-season-will-be-unlike-any-other/" rel="noreferrer noopener">report </a>released in May.
The report highlighted that Walmart and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) account for about 38% of every additional retail sales dollar, making growth difficult for most other retailers and creating considerable uncertainty.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/40902098" rel="noreferrer noopener">Evaluating Walmart Against Peers In Consumer Staples Distribution &amp; Retail Industry</a>
&#8220;We&#8217;ve worked hard to lower prices across our most exciting assortment ever,&#8221; said Latriece Watkins, executive vice president and chief merchandising officer, Walmart U.S.
Walmart is starting holiday savings events, with the first Walmart Holiday Deals event scheduled from October 8 to October 13.
Walmart said it is also expanding its delivery services, reaching an additional 12 million households, which will provide enhanced speed and convenience for customers looking to shop from the comfort of their homes.
Earlier this week, Sam&#8217;s Club, the&nbsp;$86 billion&nbsp;division of&nbsp;Walmart, introduced a fresh workforce compensation plan, which boosted pay for close to 100,000 frontline associates and provided guidance for&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40900897/sams-club-reimagines-workforce-compensation-launches-new-plan-focused-on-providing-more-predictabl" rel="noreferrer noopener">longer-term financial futures</a>.
More engaged workers proved productive, offered better service, and were more likely to stay, especially as competition heated up in the retail space.
Price Action: WMT shares are trading higher by 0.08% to $79.10 premarket at last check Thursday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40906505/walmart-division-sams-club-raises-wages-for-hourly-associates-a-strategic-move-to-stay-ahead-in-" target="_blank" rel="noreferrer noopener">Walmart Division Sam&#8217;s Club Raises Wages For Hourly Associates: A Strategic Move To Stay Ahead In Retail</a></li>
</ul>

Walmart Steps Up Holiday Game, Inflation-Free Thanksgiving Meal Returns

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Eastgate Biotech

Eastgate Biotech (ETBI) Forecast

Eastgate Biotech (OTC:ETBI) Stock, Quote.Headers.trade-ideas