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Frontera Group Inc is a technology-focused operator and acquirer of revenue-generating companies and intellectual property.

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Frontera Group Inc

Electric vertical take-off and landing (<a href="https://www.benzinga.com/news/23/06/32868889/fly-above-the-gridlock-san-francisco-to-get-electric-commuter-flights-by-2026">eVTOL</a>) aircraft manufacturer&nbsp;Eve Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVEX#NYSE">EVEX</a>) said on Tuesday that it is appointing former Rolls-Royce executive Megha Bhatia as its new Chief Commercial Officer (CCO).
What Happened: Bhatia will oversee Eve&#8217;s global sales, market intelligence, and government relations divisions in her new role, the company said. 
According to Bhatia&#8217;s LinkedIn profile, she is joining Eve from Jet Support Services where she was Chief Strategy Officer. Before that, she held several positions at Rolls-Royce and worked with the automaker for about 13 years.
&#8220;Megha&#8217;s extensive experience and strategic leadership are going to be instrumental as Eve prepares for LOI conversion into firm orders&#8221;, said Eve CEO Johann Bordais.
&#8220;Her ability to drive growth, manage large P&amp;Ls, and lead high-performing teams, combined with her deep understanding of the aviation industry, make her an invaluable addition to our executive team.&#8221;
Why It Matters: Eve is controlled by Brazilian planemaker Embraer SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>).
It has received potential orders for 2,900 eVTOL aircraft from 30 customers around the globe and expects them to <a href="https://www.benzinga.com/news/23/11/36018355/embraer-controlled-eve-air-mobility-partners-with-flynas-to-explore-evtol-possibilities-in-saudi-ara">enter service in 2026</a>.
The company recently assembled its first full-scale eVTOL prototype at the Embarer test facility in Sao Paulo State. The company is now looking to conduct testing of the aircraft.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40897703/former-tesla-exec-says-elon-musks-endorsement-of-trump-might-not-sway-upcoming-presidential-election" target="_blank" rel="noreferrer noopener">Former Tesla Exec Says Elon Musk's Endorsement Of Trump Might Not Sway Upcoming Presidential Elections: ‘Last Time Around He Endorsed Andrew Yang'</a></li>
</ul>
Photo courtesy: Eve Air Mobility

News

Tech

Embraer-Empresa Brasileira De Aeronautica

EVEX

Embraer-Controlled Eve Air Mobility Ropes In Former Rolls-Royce Exec As Chief Commercial Officer

<ul>
<li>SBC Medical scheduled to begin trading on Nasdaq on September 18, 2024 under the ticker symbol &quot;SBC&quot;</li>
<li>SBC Medical is a global owner, operator and provider of management services and products to cosmetic treatment centers</li>
</ul>

PTWO

Reported Earlier, SBC Medical Group And Pono Capital Two Close Business Combination, Shares To Trade On Nasdaq Under "SBC"

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4256575-1&amp;h=1271591985&amp;u=https%3A%2F%2Fclarivate.com%2F&amp;a=Clarivate+Plc" target="_blank">Clarivate Plc</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>), a leading global provider of transformative intelligence, today launched&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4256575-1&amp;h=4137271713&amp;u=https%3A%2F%2Fexlibrisgroup.com%2Fproducts%2Fprimo-discovery-service%2F&amp;a=Primo%E2%84%A2+Research+Assistant" target="_blank">Primo&trade; Research Assistant</a>. Developed in collaboration with partners from the library community, the new generative AI-powered library discovery solution offers a seamless experience for students and researchers. It provides immediate answers to natural language queries and offers expansive visibility into sources and references.&nbsp;
<a href="https://mma.prnewswire.com/media/1159266/Clarivate_Logo.html" target="_blank"><img alt="(PRNewsfoto/Clarivate Analytics)" src="https://mma.prnewswire.com/media/1159266/Clarivate_Logo.jpg" /></a>
Yariv Kursh, Senior Vice President at Ex Libris&trade;, part of Clarivate&trade; said: &quot;Primo Research Assistant harnesses responsible academic AI to ensure that students and researchers have access to reliable and trustworthy sources, helping to nurture their curiosity and confidence to push the boundaries of knowledge. By partnering with the community, Clarivate is committed to responsibly applying AI, identifying where AI brings most value and developing best practices.&quot;
Primo Research Assistant, part of Primo Discovery solution, is built based on a Retrieval Augmented Generation (RAG) architecture and grounded in the Ex Libris Central Discovery Index (CDI), which contains over 5 billion records from thousands of publishers, aggregators and repositories.
Key features include:
<ul>
<li>Semantic search and natural language queries: Users can interact with the system using everyday language, making the search process more intuitive.</li>
<li>AI-powered answers with references to sources used: The tool provides immediate answers based on the top five abstracts, with links to the full text and the complete result list.</li>
<li>Search suggestions: The assistant offers suggestions to help users expand their topics and delve deeper into their research.</li>
<li>Non-English query support: Users can ask questions and receive answers in multiple non-English languages.</li>
</ul>
To ensure the product was designed to fit the needs of librarians and their end users, the product was created in close partnership with development partners. The Primo Research Assistant beta program began in&nbsp;June 2024&nbsp;and featured 18 institutions across 10 different countries/regions. The group of beta testers includes representatives from various cultural and language backgrounds and reflects the diversity of the global academic community.
<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4256575-1&amp;h=3616544955&amp;u=https%3A%2F%2Fexlibrisgroup.com%2Fblog%2Fartificial-intelligence-blog-series-meet-primo-research-assistant-2%2F&amp;a=Summon+Research+Assistant" target="_blank">Summon Research Assistant</a>, first announced in&nbsp;June 2024, will launch in&nbsp;Q1&nbsp;2025.

CLVT

Clarivate Introduces Primo Research Assistant, Offering AI-Powered Solutions for Students and Researchers

Reported Earlier, Sunrun Prices $365M In Securitized Solar & Battery Leases, Marking Third Issuance Of 2024

First-in-class PD-1/IL-2&alpha;-bias&nbsp;bispecific antibody fusion protein IBI363 combined with bevacizumab in patients with advanced colorectal cancer: Results from Phase 1 study
This Phase 1 study was conducted to evaluate the safety, tolerability and preliminary efficacy of IBI363 combined with bevacizumab in subjects with advanced colorectal cancer.
A total of 35 subjects received treatment of IBI363 combined with bevacizumab, demonstrating promising anti-tumor efficacy with good tolerability and safety
<ul>
<li>As of the data cutoff date (Aug 30, 2024), a total of 35 subjects with advanced colorectal cancer received combination treatment at 3 different dose levels (0.6 mg/kg IBI363 combined with 5 mg/kg bevacizumab Q2W, 1 mg/kg IBI363 combined with 5 mg/kg bevacizumab Q2W, and 1.5 mg/kg IBI363 combined with 7.5 mg/kg bevacizumab Q3W). Among them,&nbsp;91.4%&nbsp;of the subjects had advanced colorectal cancer with microsatellite stable (MSS) or proficient mismatch repair (pMMR), and the MSI/MMR status was unknown in&nbsp;8.6%&nbsp;subjects.&nbsp;91.4%&nbsp;of the subjects had previously received 2 or more lines of systemic anti-tumor treatment.&nbsp;51.4%&nbsp;of the subjects had liver metastases.&nbsp;25.7%&nbsp;of the subjects had received prior immunotherapy.&nbsp;40%&nbsp;of the subjects had KRAS/NRAS exon 2/3/4 mutations.</li>
<li>The most common treatment related adverse events (TRAEs) were arthralgia, thyroid disorders, and rash. The total incidence of TRAEs &ge;&nbsp;grade 3 was&nbsp;22.9%. Immune related adverse events (irAEs) &ge;&nbsp;grade 3 occurred in&nbsp;5.7%&nbsp;of subjects. The safety profile of the combination regimen was similar to that of IBI363 monotherapy, and no new safety signals were identified.</li>
</ul>

IVBIY

Reported Earlier, Innovent Presents Phase 1 Clinical Data Of IBI363 PD-1/IL-2α-Bias Bispecific Antibody Fusion Protein In Colorectal Cancer At ESMO 2024

Ahead of the 2024 presidential election, former President Donald Trump has made headlines with his latest trade policy proposal, promising hefty tariffs on vehicles produced by alleged Chinese factories in Mexico.
What Happened: Trump reiterated claims about Chinese automakers building large factories in Mexico, during a town hall event in Flint, Michigan, the Associated Press <a href="https://apnews.com/article/trump-auto-industry-tariffs-false-chinese-factories-0f024d98e25a361db35761b2fb740e3b">reported</a> on Tuesday
Trump pledged to impose 200% tariffs on vehicles produced by these unbuilt factories and shipped to the U.S. He also claimed that if Vice President Kamala Harris is elected, the U.S. auto industry would vanish within two to three years due to EV production moving to China.
"If I don't win, you will have no auto industry within two to three years," Trump said.
&#8220;You will not have any manufacturing plants. China is going to take over all of them because of the electric car."
Despite Trump&#8217;s assertions, auto industry employment has increased since President Joe Biden took office in January 2021. According to the Bureau of Labor Statistics, auto jobs rose 13.6% to 1.07 million in August.
Trump stated that his tariffs would make Chinese vehicles built in Mexico unsellable in the U.S., forcing automakers to establish factories in the U.S. He also promised tariffs on vehicles from countries that tax U.S.-made vehicles.
However, industry analysts indicate there are no large Chinese-owned auto factories under construction in Mexico, with only one small assembly plant operated by JAC. The Harris campaign responded, asserting that a second Trump term would harm auto jobs and benefit China, according to the report.
See Also: <a href="https://www.benzinga.com/news/24/09/40890618/peter-schiff-says-unlikely-that-fed-rate-cuts-will-lower-borrowing-costs-predicts-rising-mortgage-ra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Says Unlikely That Fed Rate Cuts Will Lower Borrowing Costs, Predicts Rising Mortgage Rates And Dollar Collapse — Suggests 100 Basis Points Rate Hike As Cure</a>
Why It Matters: Trump&#8217;s tariff proposals have been a recurring theme in his campaign. Last week, a strategist from Commerzbank AG warned that Trump&#8217;s plan to enforce <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40773903/trumps-100-tariff-plan-for-dollar-dominance-could-backfire-warns-expert-that-change">dollar dominance through 100% tariffs</a> could disrupt the global economic system and weaken the U.S. currency.
During a presidential debate, Vice President Harris <a href="https://www.benzinga.com/news/24/09/40810978/trump-sold-us-out-with-china-tariff-policy-says-harris-in-heated-presidential-debate">criticized Trump&#8217;s tariff policy</a>, labeling it a &#8220;Trump sales tax&#8221; that would impose a 20% tax on everyday goods, affecting middle-class families. Trump defended his tariffs, proposing additional duties of 60% to 100% on China.
Jason Furman, an economist from former President Barack Obama&#8216;s administration, questioned the logic behind Trump&#8217;s tariffs, <a href="https://www.benzinga.com/news/24/09/40824903/obama-era-economist-blasts-trump-tariffs-who-do-you-think-is-going-to-pay-for-all-the-foreign-tariff">highlighting the potential economic repercussion</a>s and who would bear the cost of retaliatory measures from other countries.
Earlier in July, Goldman Sachs chief economist Jan Hatzius stated that Trump&#8217;s proposed 10% across-the-board tariff on U.S. imported goods could lead to a trade war, causing significant monetary policy shocks and <a href="https://www.benzinga.com/markets/asia/24/07/39595146/trumps-trade-tariffs-would-be-highest-in-the-postwar-period-and-increase-inflation-says-goldman-sach">increasing inflation across the U.S</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40895240/wall-street-could-head-higher-as-traders-look-forward-to-retail-sales-data-ahead-of-fed-decision?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P 500 Futures Firm Up Ahead Of Retail Sales Data</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

Economics

Markets

Trump Vows 200% Tariffs On Chinese-Made Cars In Mexico, Warns Of US Auto Industry Collapse If Kamala Harris Wins In 2024

Endava plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVA#NYSE">DAVA</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/DAVA/earnings">opening bell on Thursday, Sept. 19</a>.
Analysts expect the UK-based company to report quarterly earnings at 30 cents per share, down from 71 cents per share in the year-ago period. Endava is projected to post revenue of $256.75 million, compared to $237.01 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On May 23, Endava posted third-quarter adjusted earnings of £0.22 per share on sales of £174.365 million.
Endava shares fell 8% to close at $29.40 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587f78d077f9dd000126ef10/bryan-bergin">TD Cowen analyst Bryan Bergin</a> maintained a Buy rating and cut the price target from $46 to $42 on May 24. This analyst has an accuracy rate of 64%.</li>
<li>Needham analyst Mayank Tandon maintained a Buy rating and slashed the price target from $50 to $42 on May 24. This analyst has an accuracy rate of 73%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/598354bdc1f558000155ebc3/moshe-katri">Wedbush analyst Moshe Katri </a>maintained an Outperform rating and cut the price target from $65 to $50 on May 23. This analyst has an accuracy rate of 70%.</li>
<li>JP Morgan analyst Tien-Tsin Huang maintained an Overweight rating and cut the price target from $49 to $43 on May 2. This analyst has an accuracy rate of 64%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5845b510ee7bf6000154d079/james-faucette">Morgan Stanley analyst James Faucette </a>maintained an Equal-Weight rating with a price target of $40 on April 22. This analyst has an accuracy rate of 65%.</li>
</ul>
Considering buying DAVA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="510" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18025333/image-133-1024x510.png" alt="" class="wp-image-553166" style="width:665px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18025333/image-133-1024x510.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18025333/image-133-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18025333/image-133-768x382.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18025333/image-133.png 1352w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:<a href="Cramer: Hewlett Packard Is A 'Very Inexpensive' Stock, Likes This Big Tech Stock"> </a>
<ul>
<li><a href="https://www.benzinga.com/24/09/40898216/cramer-hewlett-packard-is-a-very-inexpensive-stock-likes-this-big-tech-stock">Cramer</a><a href="Cramer: Hewlett Packard Is A 'Very Inexpensive' Stock, Likes This Big Tech Stock">: Hewlett Packard Is A &#8216;Very Inexpensive&#8217; Stock, Likes This Big Tech Stock</a></li>
</ul>

Earnings

Price Target

Analyst Ratings

Trading Ideas

DAVA

Top Wall Street Forecasters Revamp Endava Price Expectations Ahead Of Q4 Earnings

The Company priced the offering of&nbsp;$500 million&nbsp;aggregate principal amount of its&nbsp;4.625%&nbsp;senior secured notes due 2029 (the &quot;2029 Notes&quot;) and&nbsp;$500 million&nbsp;aggregate principal amount of its&nbsp;5.050%&nbsp;senior secured notes due 2034 (the &quot;2034 Notes&quot;, and together with the 2029 Notes, the &quot;Notes&quot;). The Notes will pay interest semi-annually in arrears, on&nbsp;April 15th&nbsp;and&nbsp;October 15th&nbsp;of each year, beginning on&nbsp;April 15, 2025. The 2029 Notes will mature on&nbsp;October 15, 2029&nbsp;and the 2034 Notes will mature on&nbsp;October 15, 2034, unless earlier redeemed or repurchased.&nbsp;

Reported Earlier, Universal Health Services Prices $1B Senior Secured Notes Offering With Maturities In 2029 And 2034

The Maine Public Utilities Commission approved Avangrid&#39;s request for an exemption from approval requirements for a change in ownership

IBDRY

Reported Earlier, Avangrid Secures Merger Exemption From Maine PUC, Paving Way For Iberdrola's Full 100% Ownership

Labcorp Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LH#NYSE">LH</a>) (Labcorp) announced today that its wholly owned subsidiary, Laboratory Corporation of America Holdings (LCAH), has priced its offering of&nbsp;$2,000,000,000&nbsp;in senior notes (the Offering). The Offering consists of three tranches:&nbsp;$650,000,000&nbsp;aggregate principal amount of&nbsp;4.350%&nbsp;Senior Notes due 2030 (the 2030 Notes),&nbsp;$500,000,000&nbsp;aggregate principal amount of&nbsp;4.550%&nbsp;Senior Notes due 2032 (the 2032 Notes) and&nbsp;$850,000,000&nbsp;aggregate principal amount of&nbsp;4.800%&nbsp;Senior Notes due 2034 (the 2034 Notes and, together with the 2030 Notes and the 2032 Notes, the Notes).

Laboratory Corporation Of America Holdings

Reported Earlier, Labcorp Prices $2B Senior Notes Offering Across Three Tranches With Maturities In 2030, 2032, And 2034

The Company intends to use a portion of the net proceeds of the offering to redeem its outstanding&nbsp;6.15%&nbsp;Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, and use any remaining proceeds for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.

Reported Earlier, Air Lease Prices $300M Offering Of 6.00% Fixed-Rate Reset Preferred Stock, Series D

Sen. Cynthia Lummis (R-Wyo.) on Tuesday slammed President Joe Biden for permitting delays in deploying EV charging infrastructure in the state of California where <a href="https://www.benzinga.com/startups/24/08/40597630/while-california-leads-in-evs-these-two-states-are-way-behind-with-the-fewest-per-100-000-people">EV adoption is highest</a>.
What Happened: &#8220;Tell me, President Biden, how do you expect to power America's electric vehicles by 2030 if California, the state with the most EV's, is taking up to 9 years to power theirs?&#8221; Lummis wrote on social media platform X, formerly Twitter.
&#8220;This unrealistic mandate puts CA years behind your schedule,&#8221; the Republican from Wyoming added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tell me, <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>, how do you expect to power America's electric vehicles by 2030 if California, the state with the most EV's, is taking up to 9 years to power theirs? This unrealistic mandate puts CA years behind your schedule.<a href="https://t.co/C9bNADDyDd">https://t.co/C9bNADDyDd</a>
&mdash; Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1836178325934375274?ref_src=twsrc%5Etfw">September 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Lummis is referring to the California Public Utilities Commission&#8217;s decision last week to allow Pacific Gas and Electric Company, San Diego Gas &amp; Electric Company, and Southern California Edison Company 3,242 calendar days, or nearly nine years, to put up a new substation.
Why It Matters: California is the fastest adopter of EVs compared to the rest of the U.S. In the second quarter, 118,181 electric vehicles were sold in California and 390,036 across the country, meaning California accounts for about 30% of the country&#8217;s overall EV sales.
Last month, California Governor Gavin Newsom said that the number of EV chargers in the state has surpassed 150,000 including <a href="https://www.benzinga.com/government/24/08/40596240/us-says-public-ev-chargers-doubled-after-biden-took-over-white-house-from-trump-but-data-shows-that">public and shared private chargers</a>. Besides the public network, there are over 500,000 private home chargers in the state.
California is aiming to make all new car sales zero emission by 2035. The Biden government, meanwhile, is looking to make half of all new vehicles sold in the country by 2030 <a href="https://www.benzinga.com/news/24/08/40482862/former-tesla-exec-says-harris-not-trump-will-be-far-better-for-ev-giants-long-term-success-still-tru">zero-emission vehicles </a>and to build a charging network of 500,000 chargers. 
According to the Department of Energy&#8217;s data center, there are currently over 196,000 public EV charging ports available across the U.S. at over 72,000 station locations. Of these, nearly 2000 ports have received permits or are under construction and nearly 11,000 are temporarily out of service or offline. 
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 Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40897703/former-tesla-exec-says-elon-musks-endorsement-of-trump-might-not-sway-upcoming-presidential-election">Former Tesla Exec Says Elon Musk&#8217;s Endorsement Of Trump Might Not Sway Upcoming Presidential Elections: &#8216;Last Time Around He Endorsed Andrew Yang&#8217;</a></li>
</ul>
Photo courtesy: Unsplash

Politics

Senator Cynthia Lummis Slams President Biden For Slow Deployment Of EV Charging Infrastructure In California

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, but the index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the S&amp;P 500 closing the session near the flatline after surging to a record high. Major indices recorded gains last week, with the S&amp;P 500 gaining 4% and the Nasdaq adding 5.9%. The Dow also climbed 2.6% last week.
The Federal Reserve is scheduled to announce its policy decision on Wednesday and is widely expected to cut interest rates.
Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) shares jumped 21% on Tuesday after the company announced preliminary third-quarter revenue above estimates. Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares gained 2.7% after the company announced a strategic collaboration with AWS to help advance US-based chip manufacturing.
On the economic data front, U.S. retail sales rose 0.1% month-over-month in August compared to a revised 1.1% gain in July, topping market estimates of a 0.2% decline. The NAHB/Wells Fargo Housing Market Index climbed to 41 in September versus 39 in the prior month. Total business inventories rose by 0.4% month-over-month in July compared to a 0.3% gain in June, topping market expectations of a 0.3% increase.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, energy, and industrials stocks recording the biggest gains on Tuesday. However, healthcare and consumer staples stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 16 points to 41,606.18 on Tuesday. The S&amp;P 500 rose 0.03% to 5,634.58, while the Nasdaq Composite rose 0.20% at 17,628.06 during Tuesday's session.
Investors are awaiting earnings results from General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>), and Sangoma Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANG#NASDAQ">SANG</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 54.9, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 54.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:<a href="Cramer: Hewlett Packard Is A 'Very Inexpensive' Stock, Likes This Big Tech Stock"> </a>
<ul>
<li><a href="https://www.benzinga.com/24/09/40898216/cramer-hewlett-packard-is-a-very-inexpensive-stock-likes-this-big-tech-stock">Cramer: Hewlett Packard Is A &#8216;Very Inexpensive&#8217; Stock, Likes This Big Tech Stock</a></li>
</ul>

Long Ideas

Pre-Market Outlook

INTC

SANG

US Stocks Settle Mixed Ahead Of Fed's Rate Decision: Investor Sentiment Improves, But Fear & Greed Index Remains In 'Neutral' Zone

Reported Earlier, XCharge, Asia Green Fund Portfolio, Goes Public On Nasdaq

The official Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) account on X has announced that tomorrow at noon EDT, the highly anticipated liquid staking platform, K9 Finance, will launch on the Shibarium network. 
What Happened: This new platform will allow users to engage in liquid staking for Bone&nbsp;ShibaSwap (CRYPTO:&nbsp;BONE), a key token in the Shiba Inu ecosystem.
The introduction of liquid staking is expected to significantly benefit SHIB by increasing both the total value locked on Shibarium and the transaction volume on the network, according to the post. These factors are crucial for accelerating SHIB token burns, which reduce the circulating supply and potentially enhance the token&#8217;s value over time.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tomorrow at Noon EDT the <a href="https://twitter.com/K9finance?ref_src=twsrc%5Etfw">@K9finance</a> liquid staking platform will be launching on <a href="https://twitter.com/ShibariumNet?ref_src=twsrc%5Etfw">@ShibariumNet</a>! Liquid staking for <a href="https://twitter.com/search?q=%24BONE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BONE</a> will help <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> by &#x27a1;&#xFE0F; increasing the total value locked (TVL) on Shibarium &#x27a1;&#xFE0F; increasing the transaction volume on Shibarium Both of these will help the…
&mdash; Shib (@Shibtoken) <a href="https://twitter.com/Shibtoken/status/1836143134809735635?ref_src=twsrc%5Etfw">September 17, 2024</a></blockquote>
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Liquid staking is a mechanism that allows <a href="https://www.benzinga.com/money/what-is-liquid-staking-on-ethereum">users to earn ETH staking rewards</a> while keeping their assets liquid. Traditionally, when participating in proof of stake networks, users would lock up their assets for the opportunity to contribute to network security and earn staking rewards. However, the process of traditional staking results in illiquid assets and missed opportunities for investors.
See Also: <a href="https://www.benzinga.com/news/24/09/40890069/donald-trump-jr-doesnt-mince-words-democrat-donor-with-a-kamala-harris-bumper-sticker-on-his-car-tri?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Jr. Doesn&#8217;t Mince Words: &#8216;Democrat Donor With A Kamala Harris Bumper Sticker On His Car Tried To Assassinate My Dad&#8217;</a>
Why It Matters: The launch of Shibarium's liquid staking platform comes at a <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40912006/bitcoin-and-cryptocurrency-market-set-for-biggest-bull-run-ever-says-trader-as-federal-res">crucial time for the cryptocurrency market</a>. Prominent trader Michaël van de Poppe recently predicted a significant bull run in the cryptocurrency market, coinciding with the Federal Reserve's upcoming interest rate decision. 
Additionally, the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40909731/bitcoin-ethereum-dogecoin-in-green-ahead-of-fomc-meeting-market-gearing-up-for-sell-the-ne">broader cryptocurrency market</a>, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), has been trading higher ahead of the Federal Open Market Committee meeting. 
In another notable development, former President Donald Trump has entered the DeFi space with the launch of World Liberty Financial (WLFI). This new platform aims to <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40905315/donald-trumps-new-crypto-project-world-liberty-financial-everything-you-need-to-know">capitalize on the growing interest in decentralized finance</a> and blockchain technology.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40869493/trump-thanks-loomer-for-declaring-shes-single-because-of-her-admiration-for-him?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Thanks Loomer For Declaring She&#8217;s Single Because Of Her Admiration for Him</a></li>
</ul>
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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>

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Shiba Inu Team Says Launching K9 Finance Liquid Staking On Shibarium Tomorrow: Are SHIB Burns Set To Accelerate From Here On Now?

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) to report quarterly earnings at $1.06 per share on revenue of $4.80 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. General Mills shares rose 0.4% to $74.83 in after-hours trading.</li>
<li>23andMe Holding Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ME#NASDAQ">ME</a>) disclosed that the independent directors resigned from the Board. 23andMe shares dipped 15% to $0.29 in the after-hours trading session.</li>
<li>Analysts are expecting Steelcase Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) to post quarterly earnings at 37 cents per share on revenue of $864.10 million for the recent quarter. Steelcase shares gained 0.8% to $14.12 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) said it was awarded a NASA Near Space Network contract for communication and navigation services, with a maximum potential value of $4.82 billion. Intuitive Machines shares jumped 55.6% to $8.40 in the after-hours trading session.</li>
<li>Analysts expect Sangoma Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANG#NASDAQ">SANG</a>) to post a quarterly loss at 3 cents per share on revenue of $61.03 million after the closing bell. Sangoma Technologies shares 6% to $6.37 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="Cramer: Hewlett Packard Is A 'Very Inexpensive' Stock, Likes This Big Tech Stock">Cramer: </a><a href="https://www.benzinga.com/24/09/40898216/cramer-hewlett-packard-is-a-very-inexpensive-stock-likes-this-big-tech-stock">Hewlett </a><a href="Cramer: Hewlett Packard Is A 'Very Inexpensive' Stock, Likes This Big Tech Stock">Packard Is A &#8216;Very Inexpensive&#8217; Stock, Likes This Big Tech Stock</a></li>
</ul>
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