Latest news for Formidable ETF (ARCA:FORH)

Industrials

Energy

Healthcare

Basic Materials

Consumer Defensive

Utilities

Other

Real Estate

Communication Services

Technology

Consumer Cyclical

Under normal market conditions, the Fund seeks to meet its investment objective by investing primarily in equity securities, including common stocks, preferred stocks, related depository receipts (i.e., American Depository Receipts or ADRs, European Depository Receipts or EDRs, and Global Depository Receipts or GDRs), real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. The Fund invests predominantly in common stocks. The Funds investments are the responsibility of the Adviser and the Funds sub-adviser, Toroso Asset Management

Acacia Research Corp

Flux Power Holdings Inc.

Altria Group Inc.

Energy Transfer Lp

Baytex Energy Corp

British American Tob-Sp Adr

Alliance Resource Partners Lp

Royalty Pharma

Formidable ETF

TD Cowen analyst Tara Bancroft initiates coverage on Protagonist Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTGX#NASDAQ">PTGX</a>) with a Buy rating and announces Price Target of $65.

News

Price Target

Initiation

Analyst Ratings

PTGX

TD Cowen Initiates Coverage On Protagonist Therapeutics with Buy Rating, Announces Price Target of $65

Needham analyst Scott Berg reiterates Braze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) with a Buy and maintains $70 price target.

Reiteration

BRZE

Needham Reiterates Buy on Braze, Maintains $70 Price Target

Novo Nordisk's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) CEO Lars Fruergaard Jorgensen, has revealed that their diabetes medication and often hailed as a &#8220;miracle&#8221; weight loss drug, Ozempic will soon be eligible for U.S. government price negotiations, potentially within the next year.
What Happened: Jorgensen is scheduled to testify before a <a href="https://www.benzinga.com/general/biotech/24/09/40986953/novo-nordisk-ceo-to-face-senate-scrutiny-over-high-ozempic-and-wegovy-prices-hearing-scheduled-on">Senate committee on Tuesday</a> to discuss U.S. pricing for Ozempic and the weight loss drug Wegovy. The comments align with Wall Street analysts&#8217; expectations that Ozempic will be on the 2027 price negotiation list, which will be announced in February 2025, Reuters reported.
Last week, another Novo executive indicated that Ozempic would &#8220;very likely&#8221; be included in the 2027 list. A month&#8217;s supply of Ozempic currently lists at $935.77 in the U.S., while Wegovy lists for $1,349.02 per month, although insurance often reduces these costs.
The Inflation Reduction Act of 2022 permits Medicare to negotiate prices for costly prescription drugs, impacting millions of Americans. Both Ozempic and Wegovy have faced scrutiny from lawmakers over their high prices in the U.S.
Jorgensen noted that the net price of Ozempic has decreased by about 40% since its U.S. introduction, and Wegovy&#8217;s net price has similarly declined since its launch. He expects net prices for both drugs to continue to fall under current market conditions.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40989263/long-term-medical-cannabis-use-has-no-significant-harmful-effects-on-memory-or-impulse-control-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Long-Term Medical Cannabis Use Has No Significant Harmful Effects On Memory Or Impulse Control, New Study</a>
Why It Matters: The upcoming Senate hearing, scheduled for Tuesday, will see Lars Fruergaard Jorgensen face rigorous questioning from U.S. lawmakers regarding the high prices of Ozempic and Wegovy. Senator Bernie Sanders, chair of the Senate Committee on Health, Education, Labor, and Pensions, has been vocal about the exorbitant costs of these medications.
In a previous interview, Jorgensen <a href="https://www.benzinga.com/general/biotech/24/08/40550961/novo-nordisk-does-not-operate-as-drug-cartel-ceo-defends-us-pricing-of-ozempic-against-criticism-">defended the high U.S. prices</a>, arguing that these drugs help reduce the economic burden of obesity-related health issues, which costs the U.S. over $400 billion annually. He dismissed accusations that Novo Nordisk operates as a drug cartel as &#8220;unfounded.&#8221; 
Additionally, the issue of counterfeit Ozempic has emerged as a significant concern. Criminals have been <a href="https://www.benzinga.com/general/biotech/24/09/40737027/fake-ozempic-targets-weight-loss-market-forged-batches-an-international-concern">distributing fake versions</a> of the drug by forging batch numbers, which has become an international issue. The World Health Organization and Interpol have both issued warnings about these counterfeit products. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40962322/corbus-pharma-crbp-stock-drops-60-after-novo-nordisks-cannabinoid-based-weight-loss-drug-trial-d?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Novo Nordisk And Corbus Pharmaceutical Stocks Plummet</a></li>
</ul>
Photo via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Biotech

Health Care

General

'Miracle' Weight Loss Drug Ozempic To Enter US Price Negotiations Within A Year, Novo Nordisk CEO Says Ahead Of Senate Hearing

Bank of Japan Governor Kazuo Ueda indicated on Tuesday that the central bank is in no hurry to raise interest rates further.
What Happened: Ueda mentioned that the BOJ will closely monitor financial markets and global economic conditions before making any decisions, Reuters reported. 
He emphasized the importance of analyzing October&#8217;s service-price data, which will be available in November, to determine if underlying inflation is moving towards the BOJ&#8217;s 2% target.
During a news conference in Osaka, Ueda highlighted the need to scrutinize actual data before making any rate hike decisions, suggesting that the BOJ will wait until at least December. 
The next policy meeting is scheduled for Oct. 30-31, where a quarterly review of growth and inflation forecasts will also take place.
&#8220;We must conduct policy in a timely, appropriate fashion without having any pre-set schedule in mind, taking into account various uncertainties,&#8221; said Ueda.
Ueda reiterated that the BOJ would raise rates if underlying inflation accelerates towards the 2% target. However, he warned of risks such as volatile financial markets and uncertainty about the U.S. economy&#8217;s ability to achieve a soft landing.
He noted that the yen&#8217;s recent stabilization has reduced the risk of inflation overshooting due to rising import prices. Ueda stressed the importance of monitoring market developments and overseas economic conditions in setting monetary policy.
Ueda&#8217;s remarks reflect a shift in the BOJ&#8217;s focus from inflationary risks to concerns about slowing global growth and the impact of yen fluctuations on Japan&#8217;s export-driven economy, according to the report.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40752387/treasury-yields-plunge-tlt-etf-tops-100-vix-spikes-as-50-basis-point-rate-cut-odds-soar-in-respo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Treasury Yields Plunge, TLT ETF Tops $100, VIX Spikes As 50-Basis-Point Rate Cut Odds Soar In Response To Jobs Data</a>
Why It Matters: The Bank of Japan has been a significant outlier in the global monetary landscape, maintaining its interest rate at 0.25% while other major central banks have been cutting rates to counteract slowing inflation. 
On Thursday, the BOJ decided to keep its <a href="https://www.benzinga.com/markets/asia/24/09/40951221/bank-of-japan-leaves-interest-rate-at-0-25-diverging-from-feds-50-basis-point-cut">benchmark rate unchanged</a>, diverging from the Federal Reserve&#8217;s 50 basis point cut.
This decision aligns with predictions from a Reuters poll, where economists anticipated another <a href="https://www.benzinga.com/markets/asia/24/09/40842879/major-central-banks-slash-rates-in-sync-but-one-holdout-threatens-to-derail-bulls-momentum-carry-tra">rate hike by the end of the year</a>. 
Meanwhile, other global central banks, including the People&#8217;s Bank of China, have been cutting rates and injecting liquidity to <a href="https://www.benzinga.com/markets/asia/24/09/40974460/chinas-central-bank-follows-feds-dovish-move-cuts-key-short-term-rates-injects-over-10b-to-boost-eco">support their economies</a>. China&#8217;s central bank recently reduced a key short-term interest rate and injected over $10 billion into the financial system to boost economic growth.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama-Era Economist Says She Is &#8216;Pleasantly Surprised&#8217; That JD Vance Thinks The &#8216;Economy Is Too Strong For The Rate Cut&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Asia

Economics

Markets

Bank of Japan Governor Takes Cautious Stance On Interest Rates, Awaiting Key Economic Data Amid Global Uncertainty

Needham analyst Laura Martin reiterates Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Buy and maintains $260 price target.

AAPL

Needham Reiterates Buy on Apple, Maintains $260 Price Target

TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) shares are trading higher premarket Tuesday. The company inked a Heads of Agreement (HoA) with HD Hyundai Chemical to deliver 200,000 tons of liquefied natural gas (LNG) per year for <a target="_blank" href="https://totalenergies.com/news/press-releases/south-korea-totalEnergies-will-supply-200-000-tons-per-year-of-lng-to-hd-hyundai-chemical-until-2033" rel="noreferrer noopener">seven </a>years starting in 2027.
This agreement aligns with TotalEnergies&#8217; strategy to expand its long-term LNG sales and reinforces its position in South Korea, the third-largest LNG importer globally.
The pricing under the deal will be indexed to both Brent crude oil and the Henry Hub natural gas benchmark.
Gregory Joffroy, Senior Vice President, LNG at TotalEnergies, said, &#8220;We are pleased with this agreement with HD Hyundai Chemical, which will supply natural gas to one of their industrial sites. This agreement allows us to continue securing long-term sales in Asia and reduce our exposure to spot market gas prices.&#8221;
Yesterday, TotalEnergies signed a 10-year agreement to supply Air France-KLM with 1.5 million tons of <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40976214/totalenergies-and-air-france-klm-double-down-on-sustainability-saf-deal-paves-the-way-to-carbon-" rel="noreferrer noopener">sustainable aviation fuel (SAF) through 2035</a>.
Last week, TotalEnergies extended its sales and purchase agreement (SPA) with&nbsp;CNOOC&nbsp;<a target="_blank" href="https://www.benzinga.com//node/40934542" rel="noreferrer noopener">by an additional five years</a>.
Investors can gain exposure to the stock via&nbsp;Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MVPA#NYSE">MVPA</a>) and&nbsp;Octane All-Cap Value Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCTA#NASDAQ">OCTA</a>).
Price Action: TTE shares are up 0.32% at $69.39 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40996232" target="_blank" rel="noreferrer noopener">S&amp;P Settles At Fresh Record High: Investor Sentiment Improves, But Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Equities

Large Cap

Contracts

MVPA

OCTA

TotalEnergies Secures 7-Year LNG Deal With HD Hyundai Chemical: Expanding Reach In Asia's Energy Market

Needham analyst Ryan Koontz reiterates Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) with a Buy and maintains $50 price target.

CLFD

Needham Reiterates Buy on Clearfield, Maintains $50 Price Target

Shares of Maison Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSS#NASDAQ">MSS</a>) rose sharply in today's pre-market trading after the company reported a year-over-year increase in <a href="https://www.benzinga.com/quote/MSS/earnings">first-quarter sales results.</a>
Maison Solutions reported $29.60 million in sales this quarter, representing a 114.49% increase over sales of $13.80 million the same period last year.
Maison Solutions shares jumped 91.4% to $1.41 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Heart Test Laboratories, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSCS#NASDAQ">HSCS</a>) gained 69.7% to $4.99 in the pre-market trading session.</li>
<li>Generations Bancorp NY, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBNY#NASDAQ">GBNY</a>) rose 47.3% to $16.87 in pre-market trading. ESL Federal Credit Union agreed to acquire substantially all assets and liabilities (including deposit account liabilities) of Generations Bank.</li>
<li>MicroAlgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) shares rose 31% to $0.2598 in pre-market trading.</li>
<li>The Oncology Institute, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOI#NASDAQ">TOI</a>) gained 20.4% to $0.3497 in pre-market trading. The Oncology Institute recently said Mihir Shah, will transition out of the organization effective Oct. 14, to pursue other opportunities.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) rose 14.8% to $0.2888 in pre-market trading after gaining 18% on Monday.</li>
<li>flyExclusive, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYX#NASDAQ">FLYX</a>) gained 12.3% to $2.57 in pre-market trading after dipping 34% on Monday.</li>
<li>Forza X1, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRZA#NASDAQ">FRZA</a>) gained 9.2% to $0.28 in pre-market trading after falling around 7% on Monday.</li>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) shares gained 8.3% to $72.90 in pre-market trading.</li>
<li>Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) shares rose 5% to $3.98 in pre-market trading ahead of quarterly earnings.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>BioVie Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIVI#NASDAQ">BIVI</a>) fell 52.4% to $1.34 in pre-market trading after the company raised $3 million via secondary stock offering of 1.96 million shares at $1.53 per share.</li>
<li>Light &amp; Wonder, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNW#NASDAQ">LNW</a>) shares dipped 17.1% to $93.43 in pre-market trading after the company received an order from the U.S. District Court for the District of Nevada granting Aristocrat a preliminary injunction relating to L&amp;W&#8217;s Dragon Train game..</li>
<li>Fresh2 Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRES#NASDAQ">FRES</a>) shares fell 16.5% to $1.52 in pre-market trading after gaining 5% on Monday.</li>
<li>Jeffs&#8217; Brands Ltd  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) shares declined 13.7% to $0.3274 in pre-market trading after jumping 35% on Monday.</li>
<li>Expion360 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) fell 12.6% to $0.1023 in pre-market trading following a 38% gain on Monday.</li>
<li>Kidpik Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) fell 12.3% to $2.00 in today's pre-market trading after jumping over 8% on Monday.</li>
<li>Orgenesis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGS#NASDAQ">ORGS</a>) shares fell 11.8% to $0.34 in pre-market trading. Orgenesis shares dipped around 25% on Monday after the company announced a 1-for-10 reverse stock split.</li>
<li>Hawaiian Electric Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HE#NASDAQ">HE</a>) shares declined 10.5% to $9.75 in pre-market trading. Hawaiian Electric Industries raised $500 million via secondary stock offering of 54 million shares at $9.25 per share.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) declined 5.8% to $2.34 in pre-market trading. Uxin shares jumped 54% on Monday after the company reported a year-over-year increase in first-quarter sales results.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares fell 3.3% to $109.56 in pre-market trading after the company announced a $2 billion private placement of senior convertible notes.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40991631/jim-cramer-says-this-utilities-stock-is-a-buy-we-need-cheap-power">Jim Cramer Says This Utilities Stock Is A Buy: &#8216;We Need Cheap Power&#8217;</a></li>
</ul>

Pre-Market Outlook

Movers

Trading Ideas

BIVI

FLYX

FRES

FRZA

FUTU

GBNY

HSCS

JFBR

MLGO

Merrill Lynch & Strategic Return Notes for Select 10 Index

NUKK

ORGS

SFIX

SNOW

UXIN

XPON

Why Maison Solutions Shares Are Trading Higher By Around 91%; Here Are 20 Stocks Moving Premarket

Following delisting from Nasdaq, the Company expects its common stock will be quoted on the OTCQX Market beginning on&nbsp;October 7, 2024&nbsp;and expects to retain the symbol &quot;GBNY.&quot;

Generations Bancorp NY Reports Voluntary Decision To Delist Its Common Stock From Nasdaq

Needham analyst Ami Fadia reiterates Harmony Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRMY#NASDAQ">HRMY</a>) with a Buy and maintains $52 price target.

HRMY

Needham Reiterates Buy on Harmony Biosciences, Maintains $52 Price Target

Popular cryptocurrency-based betting platform Polymarket, which has gained prominence this U.S. election season, might be gearing up to launch its own token.
What happened: The so-called decentralized prediction platform was in talks to raise $50 million in fresh funding, tech-focused publication The Information <a href="https://www.theinformation.com/articles/polymarket-discusses-fresh-funding-amid-election-betting-craze">reported </a>Monday, citing sources familiar with the matter.
&#8220;Investors in the round will receive token warrants, which grant them the right to purchase tokens if Polymarket launches them at a later date,&#8221; the report added.&nbsp;
It was further revealed that Polymarket could use the potential token as a way for users to validate the outcome of real-world events.&nbsp;
Polymarket didn't immediately respond to Benzinga's request for clarification on the matter.&nbsp;
Earlier in May, Polymarket <a href="https://www.businesswire.com/news/home/20240513090515/en/Polymarket-Raises-70m-From-Thiel%E2%80%99s-Founders-Fund-General-Catalyst-Vitalik-Buterin-to-Scale-Global-Prediction-Market">announced </a>raising $70 million, led by tech billionaire Peter Thiel's Founders Fund and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) founder Vitalik Buterin.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40994028/elon-musk-dons-his-maga-hat-to-meet-pro-bitcoin-president-javier-milei-duo-discuss-argenti">Elon Musk Dons His MAGA Hat To Meet Pro-Bitcoin President Javier Milei: Duo Discuss Argentina&#8217;s Journey To Normalcy</a>
Why It Matters: Polymarket, built atop Ethereum&#8217;s Layer-2 chain, Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) facilitates buying and selling outcome shares using cryptocurrencies. The shares can be redeemed for $1 if the outcome is correct and become worthless if it's incorrect.
Polymarket&#8217;s trade volume has exploded in recent months, with August reaching over $472.7 million and September already seeing $400.21 million, <a href="https://tokenterminal.com/terminal/projects/polymarket?v=ZjhlY2U3ODIzZmM5MGVmNGYwZjA0YjVh">according </a>to the on-chain analytics platform Token Terminal.
With almost $1 billion wagered on who would win the battle for the White House between Donald Trump and Kamala Harris, the platform has profited from the excitement surrounding the U.S. elections.&nbsp;
Should the startup proceed with the token launch, it would be among the most prominent debuts in the recent history of the cryptocurrency market.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">Trump Vs. Harris: 2024 Election Betting Odds Show Vice President Maintains Lead As Race Nears One-Month Mark</a></li>
</ul>
Photo courtesy: Hubert Burda Media

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

Cryptocurrency

$ETH

$MATIC

Peter Thiel-Backed Crypto-Based Betting Platform Polymarket Might Be Contemplating A Token Launch: Report

Macro Economic Events

China Central Bank Governor Said Medium Term Lending Rate, Lending Prime Rate Will Further Fall

<a href="https://www.bloomberg.com/news/articles/2024-09-24/china-unveils-broad-support-to-shore-up-real-estate-market" title="https://www.bloomberg.com/news/articles/2024-09-24/china-unveils-broad-support-to-shore-up-real-estate-market">https://www.bloomberg.com/news/articles/2024-09-24/china-unveils-broad-support-to-shore-up-real-estate-market</a>

China Central Bank Governor On Tuesday Said Will Reduce Mortgage Rates For Existing Homes; Said We Must Support The Steady Recovery Of Prices In The Economy

A leading economist in China has vanished following critical comments about President Xi Jinping&#8216;s economic policies.
What Happened: Zhu Hengpeng, deputy director at the Chinese Academy of Social Sciences (CASS), was detained after allegedly criticizing Xi in a private WeChat group. Zhu&#8217;s remarks reportedly included veiled criticisms of Xi&#8217;s leadership and comments on China&#8217;s struggling economy, <a href="https://www.wsj.com/world/china/top-economist-in-china-vanishes-after-private-wechat-comments-50dac0b1">reported</a> The Wall Street Journal on Tuesday.
The investigation into Zhu coincides with the Chinese Communist Party&#8217;s intensified efforts to suppress negative commentary about the country&#8217;s economic health. Under Xi, dissent has been increasingly punished, with critics facing imprisonment or exile.
Zhu, who has held senior positions at CASS for over a decade, was removed from his posts, and his name was erased from online directories.
The probe aligns with an indoctrination campaign at CASS, aimed at enforcing party discipline. CASS President Gao Xiang emphasized the need for officials to be &#8220;fearful in their hearts, careful with their words, and restrained in their actions.&#8221;
Zhu&#8217;s last public appearance was in April at an elder-care conference. He was scheduled to speak at a May event but was replaced without explanation, according to the report. 
See Also: <a href="https://www.benzinga.com/news/24/09/40935722/spacex-ceo-elon-musk-says-anyone-can-go-to-mars-with-spacex-but-journey-would-be-like-a-long-sea-voy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Anyone Can Go To Mars With SpaceX But Journey Would Be Like A &#8216;Long Sea Voyage In Centuries Past&#8217;</a>
Why It Matters: The disappearance of Hengpeng is not an isolated incident but part of a broader trend in China. This follows the high-profile case of Jack Ma, co-founder of Alibaba Group Holdings, who vanished from public view after criticizing <a href="https://www.benzinga.com/news/23/03/31505927/jack-ma-reportedly-returns-to-china-as-xi-jinpings-tech-crackdown-focus-shifts-to-banker-bao-fan">Chinese regulators in 2020</a>.
Ma&#8217;s disappearance and subsequent reappearances, including a recent return to China in March 2023, highlight the ongoing crackdown on influential figures. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40971831/putin-ally-who-unveiled-tesla-cybertruck-with-machine-gun-last-month-now-says-elon-musk-remotely-dis?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Last Month Now Says Elon Musk &#8216;Remotely Disabled&#8217; The Militarized EV</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

After Criticizing Xi Jinping's Economic Policies, Leading Economist Zhu Hengpeng Reportedly Goes Missing In China

Piper Sandler analyst Brent Bracelin upgrades Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Neutral to Overweight and raises the price target from $268 to $325.

Upgrades

Piper Sandler Upgrades Salesforce to Overweight, Raises Price Target to $325

AMBA

Ambarella Announced That Its Oculii AI 4D Imaging Radar Technology Is Deployed Worldwide In The 2023 And 2024 Lotus Eletre Electric Hyper-SUV As Well As The 2024 Lotus Emeya Fully Electric Hyper-GT From Lotus Technology

As consideration for the P&amp;A Transaction, ESL Federal Credit Union will pay Generations&nbsp;$26.2 million&nbsp;in cash and Generations Bank will retain its equity at the effective time of the P&amp;A Transaction, less certain reductions and additions.
The P&amp;A Transaction is expected to close late in the&nbsp;second quarter&nbsp;or in the&nbsp;third quarter&nbsp;of 2025.
Generations Bancorp&#39;s shareholders are currently estimated to receive an aggregate of between&nbsp;$18.00&nbsp;and&nbsp;$20.00&nbsp;in cash in exchange for each share of Generations Bancorp common stock owned (the &quot;per share consideration&quot;). I
&nbsp;

ESL Federal Credit Union Agrees To Acquire Substantially All Assets And Liabilities (Including Deposit Account Liabilities) Of Generations Bank; To Pay Generations $26.2M In Cash

In a recent development, Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has made a final pay offer to its striking workers, but the workers&#8217; union has declined to put it to a vote.
What Happened: Boeing, on Monday, made a <a href="https://www.benzinga.com/news/24/09/40992886/boeing-stock-climbs-as-company-sweetens-labor-deal-what-you-need-to-know">&#8220;best and final&#8221; pay offer</a> to its striking workers, which included reinstating a performance bonus, enhancing retirement benefits, and doubling a ratification bonus to $6,000 if the workers accepted the offer by Friday, Reuters reported on Tuesday.
The International Association of Machinists and Aerospace Workers (IAM) declined to vote on the offer, stating that the planemaker had refused to negotiate over the proposal, which did not meet the members&#8217; demands.
&#8220;Logistically we don&#8217;t have the ability to set up a vote for 33,000 people in a few days like that anyway. Plus, it missed the mark on many of the things our members said were important to them,&#8221; said Jon Holden, the president of IAM District 751.
&#8220;We are not obligated to vote (on) their offer. We may, down the road. But our hope is that we can get into some discussion so we can actually address the need of our members.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40972472/x-rays-microwaves-and-now-what-this-company-freezes-weed-at-320-f-to-kill-mold-and-save-a-ton?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">X-Rays, Microwaves And Now What? This Company Freezes Weed At -320°F To Kill Mold And Save A Ton</a>
The strike, which began on Sep. 13, is the union&#8217;s first since 2008. The workers, who are seeking a 40% pay increase and the reinstatement of a performance bonus, had previously rejected an offer by the company.
Why It Matters: The rejection of Boeing&#8217;s final offer comes after the company sweetened its labor deal in an attempt to end the strike that has been costing the planemaker hundreds of millions of dollars each week. The strike began after <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40942814/boeing-braces-for-turbulence-as-strikes-furloughs-send-stock-sliding-bearish-signals-pre">more than 30,000 machinists </a>in Seattle and Oregon rejected Boeing&#8217;s latest contract offer, with 96% voting to walk off. Despite a 25% raise on the table, workers argued the offer failed to match the skyrocketing cost of living in the Seattle area. Negotiations remain tense, and the union&#8217;s frustration is mounting.
Boeing&#8217;s stock has been affected by the strike, with the company furloughing thousands of U.S. employees, executives, and non-essential contractors in a bid to cut costs.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, Boeing stock closed 1.96% higher at $156.30 on Monday after the company presented the new deal. However, post the rejection, the stock was trading only slightly lower, around 0.15%, during Tuesday&#8217;s pre-market.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40969619/trump-ally-sarah-huckabee-sanders-jabs-kamala-harris-for-not-having-biological-children-doesnt-have?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Ally Sarah Huckabee Sanders Jabs Kamala Harris For Not Having Biological Children: &#8220;Doesn&#8217;t Have Anything Keeping Her Humble!&#8221;</a></li>
</ul>
Photo via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Boeing's Striking Workers Reject 'Best And Final' Offer: '...It Missed The Mark On Many Of The Things'

-Reuters Citing Senior Administration Official

APDN

GOVX

MRNA

TNXP

VRAX

President Biden Will Announce Donation Of 1M MPox Vaccine Doses, At Least $500M To African Countries To Support Their Response To Outbreak

XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) CEO Xiaopeng He said late last week that the Chinese EV maker made its 500,000th vehicle. 
What Happened: &#8220;XPENG&#8217;s 500,000th Smart EV has rolled off the line!&#8221; the CEO announced on social media platform X, formerly Twitter. The CEO also added that it produced 10,000 units of the Mona M03 all-electric hatchback coupe in just 22 days after its launch in late August.
XPeng has been scaling sales through the course of the year, despite <a href="https://www.benzinga.com/markets/equities/24/09/40669363/teslas-china-rivals-report-steady-august-sales-performance-amid-intense-price-competition-what-i">lagging behind its peers</a> such as Li Auto.
In the eight months ended August, XPeng delivered 77,209 EVs, marking an increase of 17% from the corresponding period last year.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="416" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24042306/Je25j-xpeng-deliveries-over-the-years-1024x416.png" alt="" class="wp-image-562565" style="width:576px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24042306/Je25j-xpeng-deliveries-over-the-years-1024x416.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24042306/Je25j-xpeng-deliveries-over-the-years-300x122.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24042306/Je25j-xpeng-deliveries-over-the-years-768x312.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24042306/Je25j-xpeng-deliveries-over-the-years.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Why It Matters: In the second quarter alone, XPeng delivered 30,207 EVs and accrued a net loss of $0.18 billion and total revenue of $1.12 billion.
The EV maker, however, is yet to turn a profit. 
The company launched the <a href="https://www.benzinga.com/markets/equities/24/09/40794637/whats-going-on-with-xpeng-stock-today">Mona M03 late last month in China</a>, with a starting price of RMB 119,800 ($17,025). Its more premium variant starts at RMB 155,800 ($22,141), still lower than Tesla Inc.&#8217;s cheapest offering- the Model 3- which starts at over RMB 200,000.
Check out more of Benzinga&#8217;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/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-" target="_blank" rel="noreferrer noopener">Elon Musk Says Buses Won't Be Needed Once Tesla Robotaxis Start Operating: ‘Will Take People Point To Point For A Similar Cost'</a></li>
</ul>
Photo courtesy: Xpeng

Tech

XPEV

XPeng Touches Production Milestone Of 500K EVs: Here's How Many Electric Cars The Chinese Company Has Delivered

Multi-Asset Mid-Year Outlook Global Growth Picture Supports Risk Assets

Global Stock Rout As Nasdaq 100 Futures Falls 6%, Safe Havens Bid

Detailed PMI Sector Data Show Global Economic Growth Led By Financial Services As Growth Disparities Widen

Why It's Still Difficult To Be Bearish The U.S. Economy

August 2024 Active Management Insights: Positive Outlook For Cyclical And Value-Oriented Stocks

Top 5 Economic Takeaways From August's PMI As The Global Manufacturing Decline Continues

Back To School: Macro Cliff Notes And A Look Ahead

Detailed PMI Sector Data Underscore Growing Rift Between Manufacturing And Services Economies In August

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Formidable ETF

News

Latest news for Formidable ETF (ARCA:FORH)