Honest Co (NASDAQ:HNST) Stock, Quote.Headers.trade-ideas

Honest Co

The Honest Co Inc is a digitally-native consumer products company to makes purpose-driven consumer products designed for all people. It is an omnichannel brand, ensuring its products are available wherever its consumers shop through the company's Retail and Digital channels. It has three product categories namely; Diapers and Wipes, Skin and Personal Care, and Household and Wellness, out of which the majority of its revenue is generated from the sale of diapers and wipes. The company operates only in the United States.

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Cisco Posts Upbeat Earnings, Joins Tesla, Ulta Beauty, Robinhood, Dell And Other Big Stocks Moving Higher On Thursday

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Ryanair Posts Q1 Results, Joins CrowdStrike And Other Big Stocks Moving Lower In Monday&#39;s Pre-Market Session

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Why ASLAN Pharmaceuticals Shares Are Trading Lower By Over 38%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

The Honest Co Inc

Needham analyst Ami Fadia reiterates Immuneering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMRX#NASDAQ">IMRX</a>) with a Buy and maintains $15 price target.

Price Target

Reiteration

Analyst Ratings

IMRX

Needham Reiterates Buy on Immuneering, Maintains $15 Price Target

GSIW

Garden Stage Units I Win Securities Limited And I Win Asset Management Limited Inks Various Strategic Initiatives With ZZC International In Hong Kong

Garden Stage Says Subsidiaries In Advanced Discussions With The Derivative Trading Units Of Several Investment Banks For Distribution Of Their Derivative Products

Needham analyst Mike Cikos reiterates Tenable Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TENB#NASDAQ">TENB</a>) with a Buy and maintains $50 price target.

TENB

Needham Reiterates Buy on Tenable Holdings, Maintains $50 Price Target

Needham analyst Mike Matson reiterates OrthoPediatrics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIDS#NASDAQ">KIDS</a>) with a Buy and maintains $42 price target.

KIDS

Needham Reiterates Buy on OrthoPediatrics, Maintains $42 Price Target

Mark Cuban has publicly criticized former President Donald Trump, stating he believes Trump was and would be a &#8220;lousy president,&#8221; <a href="https://www.benzinga.com/news/24/09/40765551/mark-cuban-asks-trump-advisor-done-any-modeling-of-the-financial-impact-of-deporting-20-million-peop">according to a post on X on Friday</a>.
What Happened: Cuban, a billionaire and &#8220;Shark Tank&#8221; star, has endorsed Vice President Kamala Harris in <a href="https://www.benzinga.com/news/24/08/40245729/mark-cuban-whos-backing-kamala-harris-in-2024-presidential-race-says-he-supported-trump-earlier-here">the upcoming election</a>. Cuban has been a vocal critic of Trump's policies, including his proposed tariffs on U.S. imports.
Despite his criticism, Cuban clarified that he does not hate Trump. &#8220;I truly don&#8217;t hate him at all. I just think he was and would be a lousy president,&#8221; Cuban wrote in response to an X user.
&#8220;If he wasn't running, I would be happy to take up his dinner invitation from when he was in office,&#8221; Cuban added. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I truly don't hate him at all. I just think he was and would be a lousy president. If he wasn't running, I would be happy to take up his dinner invitation from when he was in office. How do you think interest rates are set ? Which of your tax rates have changed ?
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1834427537864491322?ref_src=twsrc%5Etfw">September 13, 2024</a></blockquote>
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Cuban, in a previous <a href="https://youtu.be/WmuEH3OX1l8?feature=shared">interview</a> with former Republican presidential candidate Vivek Ramaswamy, mentioned that he initially supported Trump, appreciating that he was not a typical candidate. However, Cuban&#8217;s opinion changed after examining Trump&#8217;s business and political record more closely.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40787302/nvidia-shares-riding-on-huge-ai-tailwind-says-portfolio-strategist-why-expert-says-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Shares Riding On Huge AI Tailwind, Says Portfolio Strategist: Why Expert Says Stock Will Stay On An Upward Path For Next 2-3 Years</a>
Why It Matters: Cuban&#8217;s criticism of Trump and endorsement of Harris come at a crucial time. Recently, Cuban questioned Trump advisor Stephen Miller on the financial and societal impacts of their <a href="https://www.benzinga.com/news/24/09/40765551/mark-cuban-asks-trump-advisor-done-any-modeling-of-the-financial-impact-of-deporting-20-million-peop">immigration and tariff policies</a>, specifically asking for details on the deportation of 20 million people.
Moreover, Cuban has praised Harris for her <a href="https://www.benzinga.com/news/24/09/40745014/kamala-harris-is-pro-business-mark-cuban-says-vice-presidents-centre-100-policies-differ-from-bidens">pro-business stance</a>, differentiating her policies from those of President Joe Biden. He emphasized that Harris's campaign is distinct from Biden&#8217;s, highlighting her centrist economic approach.
Additionally, Cuban has been vocal on X, despite facing criticism from figures like Elon Musk. He has expressed his appreciation for the <a href="https://www.benzinga.com/news/24/09/40679223/mark-cuban-explains-why-despite-getting-a-lot-of-flak-from-elon-musk-and-others-he-continues-to-post">platform&#8217;s open discourse</a>.
In another instance, Cuban raised concerns about a discrepancy in a poll he conducted on X, which showed a significant difference between the number of votes and engagements. He tagged Musk, <a href="https://www.benzinga.com/news/24/09/40673183/mark-cuban-raises-alarm-over-trump-vs-harris-poll-results-804k-votes-against-just-656k-engagements-c">questioning the platform&#8217;s algorithm</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/government/24/09/40808813/after-kamala-harris-said-us-steel-should-remain-american-owned-nippon-steels-takahiro-mori-reportedl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Kamala Harris Said US Steel Should Remain &#8216;American-Owned,&#8217; Nippon Steel&#8217;s Takahiro Mori Reportedly Flies To US For Final Attempt At Saving $15B Deal</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>

Social Media

Entrepreneurship

Politics

Mark Cuban Says He 'Truly' Does Not Hate Trump, But Calls Him A 'Lousy President:' 'If He Wasn't Running…'

Television presenter and former host of the motoring program Top Gear James May drove the Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://benzinga.com/topic/tesla-cybertruck">Cybertruck</a> earlier this week in California and he thinks it&#8217;s a bit too big for his liking.
What Happened: &#8220;I&#8217;ll be honest with you. I don&#8217;t want a Cybertruck, it&#8217;s too big,&#8221; May said while adding that he is generally not a fan of pickup trucks. &#8220;But I can&#8217;t help but like it.&#8221;
The Cybertruck bears resemblances to other Tesla vehicles and challenges conventions with its design, he said. &#8220;I think the Cybertruck is actually very ballsy and quite humorous but I am quite glad it exists,&#8221; the auto-enthusiast said in a video posted on YouTube.
May also made an appeal to Tesla CEO Elon Musk to make a smaller vehicle styled like the Cybertruck.
&#8220;If I could make a little appeal to Elon Musk. Could you make something about the size of a Model Y or maybe even a little bit smaller still like a Tesla&#8230;but styled like this,&#8221; the former TopGear host said. 
The Cybertruck, he said, is big even by American standards. The same styling might &#8220;look fantastic&#8221; on vehicles the size of a Ford Focus or a Fiat Panda, he added.
Why It Matters: The Cybertruck is about 70.5 inches tall and 223.7 inches long. The vehicle body is 95 inches wide without any add-on fittings.
The Cybertruck is the latest offering from Tesla. The company<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36039263/did-tesla-overpromise-and-underdeliver-with-the-cybertruck" target="_blank" rel="noreferrer noopener">&nbsp;started delivering the trucks</a>&nbsp;to U.S. customers in late November.
The vehicle is currently limited to deliveries in the U.S. However, the company intends to <a href="https://www.benzinga.com/news/24/08/40276652/tesla-cybertruck-reportedly-drives-into-canada-reservation-holders-get-invites-to-configure-their-or">start selling the vehicle in Canada</a> later this year. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/09/40847681/fords-profitable-pro-segment-chief-ted-cannis-to-retire" target="_blank" rel="noreferrer noopener">Ford's Profitable Pro Segment Chief Ted Cannis To Retire</a></li>
</ul>
Photo via Shutterstock

Tech

Former Top Gear Host James May Thinks A Vehicle The Size Of A Fiat Panda But Styled Like Tesla Cybertruck Might Look 'Fantastic'

Nokia Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) is actively searching for a new CEO as it struggles with declining sales and a depressed share price.
What Happened: The Finnish telecom equipment giant has approached potential candidates to replace current CEO Pekka Lundmark, who has been at the helm since 2020. The search is ongoing, with at least one headhunter involved in the process, Financial Times reported <a href="https://www.ft.com/content/5f086aee-91b9-421a-9f32-c33e67b1af7f">citing</a>, people familiar with the matter.
Lundmark, who initially stabilized the company, has faced criticism for failing to boost revenues. Despite restructuring efforts and cost-cutting measures, Nokia&#8217;s sales remain lower than they were in 2016, following its €15.6 billion acquisition of Alcatel-Lucent.
Additionally, Nokia is seeking a new chair as Sari Baldauf approaches her 70th birthday next year. Outsiders have been contacted, and the new chair is not expected to come from the current board, according to the report.
In a statement, Nokia said, &#8220;The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him.&#8221; The company emphasized its ongoing assessment of leadership succession plans, according to the report.
The search for new leadership comes as Nokia grapples with sluggish spending by telecom operators and increased competition from rivals like Ericsson and Huawei.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40825182/anthony-scaramucci-said-last-week-bitcoin-could-touch-up-to-200k-now-hes-thanking-living-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Said Last Week Bitcoin Could Touch Up to $200K, Now He&#8217;s Thanking &#8216;Living Legend&#8217; Michael Saylor For Book Foreword</a>
Why It Matters: Nokia&#8217;s leadership shakeup comes on the heels of <a href="https://www.benzinga.com/news/earnings/24/07/39834407/nokias-q2-earnings-record-low-revenue-as-5g-investment-slows-annual-outlook-cut-stock-slides">several significant developments</a>. In July, Nokia reported a fiscal second-quarter 2024 net sales decline of 18% year-on-year, marking a record low since 2015. 
This drop was attributed to weak investment in mobile network upgrades, particularly in the 5G equipment market, prompting Nokia to overhaul its network infrastructure division.
In June, Nokia announced its acquisition of Infinera Corporation in a transaction valuing the company at $6.65 per share, or an enterprise value of $2.3 billion. This acquisition aimed to bolster Nokia&#8217;s <a href="https://www.benzinga.com/m-a/24/06/39537794/nokia-to-acquire-infinera-infineras-stock-soars">optical networking capabilities</a>. 
Furthermore, last year, Nokia disclosed a multi-year agreement with AT&amp;T Inc. to deploy next-generation fiber access technology. This five-year deal includes upgrading AT&amp;T's current fiber infrastructure and implementing next-gen <a href="https://www.benzinga.com/markets/equities/24/09/40690110/nokia-and-at-t-partner-for-next-gen-fiber-network-details">technologies for future expansions</a>.
Additionally, Nokia teamed up with CommScope Holding Company, Inc. to develop a solution for seamless in-building and <a href="https://www.benzinga.com/markets/equities/24/09/40682168/nokia-teams-up-with-commscopes-ruckus-for-next-gen-fiber-wi-fi-solutions-details">campus-wide connectivity</a>. This partnership integrates Nokia's fiber-based Optical LAN with RUCKUS Networks' enterprise Wi-Fi and switching technologies.
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40811837/how-to-earn-500-a-month-from-nvidia-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock</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>

Equities

Global

Networking Giant Nokia Seeks New CEO Amid Declining Sales And Subdued Share Price

Piper Sandler analyst Brent Bracelin reiterates Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) with a Overweight and raises the price target from $175 to $185.

ORCL

Piper Sandler Reiterates Overweight on Oracle, Raises Price Target to $185

Earnings

CMCM

Cheetah Mobile Q2 Adj EPADS $0.51, Sales $25.79M

Uxin Limited ("Uxin" or the "Company", together with its subsidiaries, the "Group") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>), China's leading used car retailer, today announced that it has entered into a memorandum of understanding ("MOU") with Pintu (Beijing) Information Technology Co., Ltd. ( the "Investor"), an indirect wholly-owned subsidiary of Dida Inc. (HKEX: 2559), on September 12, 2024 with respect to a proposed investment in the Company by the Investor (the "Proposed Investment").
Pursuant to the MOU, the Investor intends to subscribe for 1,543,845,204 Class A ordinary shares of the Company for an aggregate subscription amount of US$7.5 million, based on a subscription price of US$0.004858 per share (or US$1.4575 per ADS). The Proposed Investment is subject to the parties' execution of definitive agreements and closing conditions to be stipulated therein.
In connection with the Proposed Investment, the Investor and the Youxin (Anhui) Industrial Investment Co., Ltd. ("Youxin Anhui") have entered into a Loan Agreement pursuant to which the Investor agrees to extend a loan in a principal amount of RMB equivalent of US$7.5 million to Youxin Anhui. Youxin Anhui is a wholly-owned subsidiary of the Company.

UXIN

Uxin Limited Secures $7.5M Investment Deal to Boost China's Leading Used Car Platform

Macro Economic Events

Econ #s

Economics

Eurozone Industrial Production (MoM) For July -0.3% Vs. -0.6% Est.; -0.1% Prior

In a recent development, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has begun supplying its advanced chips to Saudi Arabia, a move that has positively influenced market sentiment in the Middle East and Asia.
What Happened: On Thursday, Brett McGonegal, chairman and CEO at Capital Link, discussed the impact of Nvidia supplying chips to Saudi Arabia in an interview on CNBC.
McGonegal noted that the Middle East and Asian markets responded positively to the news. He emphasized that Nvidia remains a tech bellwether, and strong comments from CEO Jensen Huang are welcomed.
&#8220;I think regionally it&#8217;s great,&#8221; he said.
He also mentioned that while Nvidia&#8217;s performance is significant, it should not be solely viewed as a U.S. tech rally. He suggested that the market&#8217;s reaction could be a flight to safety ahead of the Federal Reserve meeting.
McGonegal concluded that secondary and tertiary plays off Nvidia are performing well, which is positive for market sentiment.
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<iframe loading="lazy" title="Capital Link discusses potential U.S. Nvidia chip exports to Saudi Arabia" width="500" height="281" src="https://www.youtube.com/embed/fnXeQVfguI4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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See Also: <a href="https://www.benzinga.com/news/earnings/24/09/40811837/how-to-earn-500-a-month-from-nvidia-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock</a>
Why It Matters: The supply of Nvidia&#8217;s chips to Saudi Arabia comes at a time when the U.S. is reassessing its export ban on advanced semiconductors to the country. The U.S. had <a href="https://www.benzinga.com/government/24/09/40834852/nvidia-ai-chips-headed-to-saudi-arabia-us-reassesses-export-ban">initially imposed these sanctions </a>in 2023 due to national security concerns.
Saudi Arabia has been aggressively acquiring Nvidia&#8217;s AI chips, including the H100 models, which are crucial for powering AI software and applications. Saudi Arabia purchased at least<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33853092/nvidia-flooded-with-ai-chip-orders-from-oil-rich-saudi-arabia-uae-in-race-for-compu"> 3,000 H100 chips</a>, valued at $120 million by the end of 2023.
This strategic move aligns with Saudi Arabia&#8217;s broader ambitions to bolster its technological infrastructure. Saudi Arabia&#8217;s need for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38577767/semiconductors-are-the-new-oil-wealth-manager-says-saudi-arabias-need-for-data-cent">data centers and semiconductors </a>is driving its negotiations with the U.S. for a historic pact that could include security guarantees and potential diplomatic ties with Israel.
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</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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

General

Nvidia's Chip Supply To Saudi Arabia Boosts Regional Sentiment, Says Expert: 'I Think Regionally It's Great'

Ajit Jain, a key figure at Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) since 1986, has sold more than half of his shares in the company. Jain sold 200 Berkshire Class A shares on Monday for approximately $139 million.
What Happened: This sale represents around 55% of Jain&#8217;s total stake in the conglomerate. He now retains 61 Berkshire shares personally, 55 shares in a family trust, and 50 in the Jain Foundation. The shares were sold at an average price of $695,417.65 each, <a href="https://fortune.com/2024/09/12/berkshire-hathaway-stock-warren-buffetts-insurance-guru-ajit-jain-sells-why/">reported</a> the Fortune.
Jain&#8217;s decision to sell remains unclear, but Steve Check, president and CIO of Check Capital Management speculated it might be due to the stock being fully priced. Berkshire Hathaway&#8217;s stock has surged nearly 23% year to date, surpassing a $1 trillion market cap for the first time.
&#8220;The only reason I can come up with for why he is selling is he thinks the stock is fully priced,&#8221; Check said. 
Tax considerations could also be a factor. Check suggested Jain might be taking advantage of current capital gains tax rates, which could increase if Vice President Kamala Harris&#8216;s <a href="https://www.benzinga.com/news/24/09/40722526/kamala-harris-reveals-28-capital-gains-tax-for-high-earners-toning-down-bidens-proposed-rates-ahead">proposed policies are implemented</a>.
Jain has been instrumental in building Berkshire&#8217;s insurance businesses, which significantly contribute to the conglomerate&#8217;s revenue and earnings.
See Also: <a href="https://www.benzinga.com/news/earnings/24/09/40811837/how-to-earn-500-a-month-from-nvidia-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock</a>
Why It Matters: Jain&#8217;s share sale comes at a time when Warren Buffett is making significant moves in the market. Recently, Buffett&#8217;s $13 billion investment in Occidental Petroleum has faced challenges, with <a href="https://www.benzinga.com/markets/equities/24/09/40848034/warren-buffett-13b-bet-on-occidental-petroleum-turns-sour-as-shares-plunge-29-since-mid-april-an">shares plunging 29% since mid-April</a>. This has led to speculation that Buffett might buy more shares, although he is unlikely to take over the company.
Additionally, <a href="https://www.benzinga.com/news/24/09/40805571/bank-of-america-ceo-on-buffetts-share-retreat-i-dont-know-what-exactly-he-is-doing-we-cant-ask">Buffett has been reducing his stake</a> in Bank of America, selling nearly $7 billion worth of shares since mid-July. This has raised questions about his investment strategy, with Bank of America CEO Brian Moynihan stating, &#8220;I don&#8217;t know what exactly he is doing because frankly we can&#8217;t ask.&#8221;
Jain&#8217;s sale also follows his recent caution on the profitability of cyber insurance. At the Berkshire Hathaway <a href="https://www.benzinga.com/news/earnings/24/05/38631112/berkshire-hathaways-ajit-jain-cautions-on-cyber-insurance-amid-risks-each-time-you-write-a-cyber-in">annual shareholder meeting</a> in May, Jain warned that cyber insurance, despite being a $10 billion market, poses significant risks and potential losses.
Buffett has previously praised Jain&#8217;s contributions to Berkshire Hathaway, stating in his <a href="https://in.benzinga.com/content/37328038/warren-buffett-says-his-company-wouldnt-have-been-the-same-without-this-iit-grad">annual letter to shareholders</a> that the company&#8217;s position would not be what it is today without Jain, who joined in 1986. Buffett highlighted Jain&#8217;s role in building the company&#8217;s insurance business, which has been a cornerstone of Berkshire&#8217;s success.
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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>

Warren Buffett's Top Executive Ajit Jain Sells Over Half His Berkshire Hathaway Stake For $139M Amid Speculation On Stock Valuation And Kamala Harris's Tax Policies

Hewlett Packard Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) CEO Antonio Neri has defended the company&#8217;s decision to continue its $4 billion lawsuit against the estate of Mike Lynch, following the <a href="https://www.benzinga.com/markets/equities/24/09/40679402/hewlett-packard-continues-4b-claim-against-estate-of-uks-bill-gates-mike-lynch-following-tech-ma">tech magnate&#8217;s recent death</a>.
What Happened: Neri stated that the lawsuit, which seeks damages related to the 2011 acquisition of Autonomy, is in the shareholders&#8217; best interest, <a href="https://www.ft.com/content/ed11a72c-713f-4135-bc66-fddae6b6a2b1">reported</a> Financial Times on Friday. Lynch, who founded Autonomy, passed away last month in a yacht accident off Sicily.
The accident, which also claimed the life of Lynch&#8217;s daughter, occurred while they were celebrating his acquittal on U.S. fraud charges. Despite this, Neri emphasized that the civil case in the UK remains unaffected by Lynch&#8217;s death or his U.S. acquittal.
&#8220;Obviously my job as a representative of shareholders is to make the difficult decisions,&#8221; Neri said, adding that the company must see the legal process through to its conclusion. 
HPE, which emerged from the 2015 split of Hewlett-Packard, initially sued Lynch after an $8.8 billion writedown on the Autonomy acquisition. A UK High Court judge found Lynch liable for fraud in 2022.
Neri noted that the UK judge is expected to award damages soon. &#8220;We will gather and understand what comes next,&#8221; he said, reiterating that the civil case is independent of the U.S. criminal proceedings, according to the report.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40814908/whats-going-on-with-ford-motor-stock-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Ford Motor Stock Today?</a>
Why It Matters: The lawsuit against Lynch&#8217;s estate is significant due to the high-profile nature of the case and the substantial financial implications for HPE. Lynch, often referred to as the UK&#8217;s Bill Gates, was a prominent figure in the tech industry.
In May 2023, Lynch was extradited to the U.S. to face criminal fraud charges related to the 2011 acquisition of Autonomy by HPE. The U.S. government accused Lynch of inflating Autonomy&#8217;s revenues to make it <a href="https://www.benzinga.com/news/23/05/32377451/uks-bill-gates-extradited-to-us-faces-money-fraud-charges-linked-to-hewlett-packard-takeover-deal">more appealing to buyers</a>.
However, in June, Lynch was acquitted of these charges, which he was celebrating at the time of <a href="https://www.benzinga.com/news/24/06/39226258/uks-bill-gates-acquitted-of-fraud-charges-linked-to-11b-hewlett-packard-takeover-deal">his tragic death</a>.
Despite his acquittal, the civil case in the UK continues, with HPE seeking damages for what it claims were fraudulent activities leading to <a href="https://www.benzinga.com/markets/equities/24/09/40679402/hewlett-packard-continues-4b-claim-against-estate-of-uks-bill-gates-mike-lynch-following-tech-ma">an $8.8 billion writedown</a>.
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Image via Invoke Capital / YouTube
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>

Legal

HPE CEO Defends $4B Lawsuit Against Late Tech Magnate Mike Lynch's Estate, Says It Is In Shareholders' Best Interest To 'Make The Difficult Decisions'

In a recent development, North Korean leader Kim Jong Un inspected a uranium enrichment facility and called for an increase in the production of weapons-grade material.
What Happened: Kim&#8217;s visit to the Nuclear Weapons Institute and a production base for weapon-grade nuclear materials was reported by state media, which did not provide details on the timing or location of the visit. The report included images of Kim walking amid long rows of metal centrifuges used for uranium enrichment, which is banned under multiple United Nations Security Council resolutions, Reuters reported on Friday.
Kim stressed the importance of North Korea&#8217;s nuclear arsenal in countering threats from the United States and its allies, stating that the weapons are necessary for &#8220;self-defense and the capability for a preemptive attack.&#8221; He also expressed the need to increase the number of centrifuges to &#8220;exponentially increase&#8221; nuclear weapons and expand the use of a new type of centrifuge to further strengthen the production of weapon-grade nuclear materials.
Recent commercial satellite imagery has shown construction at the main Yongbyon Nuclear Scientific Research Center, including its uranium enrichment plant, suggesting possible expansion. The U.N. nuclear watchdog confirmed on Monday that it had observed activity consistent with the operation of a reactor and the reported centrifuge enrichment facility at Yongbyon.
See Also: <a href="https://www.benzinga.com/news/24/09/40784837/bernie-sanders-says-if-youre-poor-in-america-youll-live-10-15-years-less-anybody-else-see-a-problem?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bernie Sanders Says If You&#8217;re Poor In America You&#8217;ll Live 10-15 Years Less: &#8216;Anybody Else See A Problem With That?&#8217;</a>
Why It Matters: This development comes amid increasing nuclear threats from North Korea. In July, North Korea accused the United States and South Korea of <a href="https://www.benzinga.com/news/24/07/39883605/kim-jong-uns-north-korea-slams-us-and-south-korea-for-crossing-a-red-line-on-nuclear-war-without-hes">conducting joint military drills</a> against it, thereby crossing a "red line" toward a new nuclear war.
In response to these threats, South Korea's Defense Minister nominee, Kim Yong-hyun, <a href="https://www.benzinga.com/news/24/08/40417195/amid-kim-jong-uns-increasing-nuclear-threats-seouls-defense-minister-nominee-is-open-to-all-means-an">expressed readiness to consider </a>all possible measures against North Korea's nuclear threats in August. He emphasized the significance of the alliance with the United States in addressing these threats.
Experts suggest that North Korea&#8217;s advancement in fuel cycle capabilities and the increased reliance on uranium for their cores indicate that the country is more capable of scaling up its highly enriched uranium stockpiles compared to the more complex process for plutonium.
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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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Kim Jong Un Tours Banned Uranium Enrichment Site, Calls For Increased Production Of Weapons-Grade Uranium For 'Self Defense'

Janus Henderson Group plc Ordinary Shares

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The Polaris Dawn crew on Thursday shared pictures <a href="https://www.benzinga.com/news/24/09/40830436/spacex-completes-1st-ever-spacewalk-by-a-commercial-company-as-part-of-polaris-dawn-mission">from space</a> on social media platform X with the help of Starlink satellite internet, showing the Earth from outer space.
What Happened: &#8220;Sent to you from space over a beam of Starlink laser light,&#8221; the team wrote about the two pictures. While one picture shows the four-member all-civilian crew, the other shows the Earth as seen from outer space.
Starlink is the satellite internet segment of Elon Musk&#8217;s SpaceX aimed at removing cellular dead zones with the help of a satellite constellation in low-Earth orbit. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hello Earth &#8211; We are so grateful for all the support! Please enjoy two recent photos from our mission and stay tuned for our next message &#x1f3b6; Sent to you from space over a beam of Starlink laser light &#x1f6f0;&#xFE0F; &#8211; Crew of Polaris Dawn <a href="https://t.co/KkeZw1yAoT">pic.twitter.com/KkeZw1yAoT</a>
&mdash; Polaris (@PolarisProgram) <a href="https://twitter.com/PolarisProgram/status/1834286327891984474?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Polaris Dawn is the first of up to three human spaceflight missions planned under the Polaris program founded by&nbsp;Shift4 Payments&nbsp;CEO&nbsp;Jared Isaacman.
SpaceX's Falcon 9 rocket&nbsp;<a href="https://www.benzinga.com/news/24/09/40787779/spacex-launches-polaris-dawn-crew-to-space-with-aim-of-first-ever-private-spacewalk" target="_blank" rel="noreferrer noopener">launched the mission</a>&nbsp;to space from NASA&#8217;s Kennedy Space Center in Florida at around 5:23 a.m. ET on Tuesday. SpaceX&#8217;s Dragon spacecraft and the all-civilian Polaris Crew composed of four including its mission commander&nbsp;<a href="https://www.benzinga.com/sec/insider-trades/0001805608/jared-isaacman" target="_blank" rel="noreferrer noopener">Isaacman</a>, Kidd Poteet, Sarah Gillis, and Anna Menon will spend up to five days in orbit before returning to Earth.
Other Landmarks On Mission: On day two of the mission, the mission touched its maximum target altitude of 870 miles, marking the farthest humans have ventured from Earth in over 50 years since the end of the Apollo program. The International Space Station (ISS), in comparison, travels to a maximum altitude of only about 285 miles.
During a <a href="https://www.benzinga.com/news/24/09/40830436/spacex-completes-1st-ever-spacewalk-by-a-commercial-company-as-part-of-polaris-dawn-mission">spacewalk earlier on Thursday,</a> crew members Isaacman and Gillis separately exited SpaceX‘s Dragon spacecraft into the vacuum of space at an altitude of about 738 km.
Isaacman exited the spacecraft first after the Dragon's cabin was depressurized and the hatch opened, followed by Gillis. Gillis' return to the capsule and subsequent closing of the hatch marked the end of the spacewalk.&nbsp;
Both Isaacman and Gillis spent about 12 minutes each outside of the spacecraft, testing the SpaceX-designed EVA spacesuits.
While space agency NASA routinely conducts extravehicular activities with government astronauts, no commercial player or civilians have attempted it before, making this a landmark achievement for SpaceX and commercial spaceflight companies.
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>.
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</ul>
Photo courtesy: Polaris Dawn

SPACE

Polaris Dawn Crew Shares Pictures On X With The Help Of Starlink Satellites In Space: 'Hello Earth'

Alphabet Inc. (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>) co-founder, Sergey Brin, admitted that the tech giant was overly cautious in deploying language models, despite being pioneers in the field.
What Happened: While appearing at the All-In Summit earlier this week,&nbsp;Brin discussed the company&#8217;s hesitance in deploying language models.
Brin acknowledged that Google had been &#8220;too timid to deploy&#8221; language models, despite having essentially invented them with the publication of the &#8220;Transformer&#8221; paper seven years ago. He attributed this hesitance to a fear of making mistakes and causing embarrassment.
The co-founder highlighted the need for risk-taking in the tech industry, stating that while these models can make &#8220;really stupid mistakes,&#8221; they are also &#8220;incredibly powerful&#8221; and can facilitate tasks that would otherwise take a significant amount of time to learn.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40784773/elon-musk-liked-the-camera-on-iphone-15-but-iphone-16-doesnt-get-much-love-from-the-techno-king-here?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Liked The Camera On iPhone 15, But iPhone 16 Doesn&#8217;t Get Much Love From The Techno King: Here&#8217;s What He Said</a>
Despite the potential for occasional errors, Brin expressed his belief that these models should be released to the public for experimentation, rather than being kept &#8220;close to the chest and&nbsp;hidden until it&#8217;s like perfect.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="In conversation with Sergey Brin &#x7C; All-In Summit 2024" width="500" height="281" src="https://www.youtube.com/embed/XzK9bx3CSPE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Google&#8217;s cautious approach to AI deployment has been a topic of discussion in the tech industry.
In May, Deepwater Asset Management&#8217;s managing partner Gene Munster said that <a href="https://www.benzinga.com/markets/equities/24/05/38834052/google-is-6-months-behind-chatgpt-parent-openai-in-artificial-intelligence-but-about-5-years-ahe">Google was six months behind</a> ChatGPT-parent OpenAI in AI development, but still about five years ahead of the rest of the industry.
This was followed by&nbsp;criticism&nbsp;from a 16-year Google veteran who claimed that the company&#8217;s AI projects were <a href="https://www.benzinga.com/news/24/05/38941350/16-year-google-veteran-slams-sundar-pichais-ai-efforts-says-projects-driven-by-panic-compares-it-to">driven by &#8220;panic&#8221; rather</a> than user needs.
Previously, an&nbsp;internal email from Microsoft Corporation revealed their concerns about <a href="https://www.benzinga.com/news/24/05/38582364/microsofts-fear-of-googles-ai-dominance-led-to-openai-investment-internal-email-reveals-were-multipl">falling behind Alphabet&#8217;s AI</a> capabilities. The report suggested that Microsoft&#8217;s investment in OpenAI was driven by the tech giant&#8217;s fear of losing AI grounds to Google.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo courtesy: Wikimedia
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Google Co-Founder Sergey Brin Admits Company Was 'Too Timid' To Rollout ChatGPT-Like LLMs Despite Basically Inventing Them

Under the transaction agreement, on completion, Flutter will (i) pay cash consideration of approximately&nbsp;$350m&nbsp;1&nbsp;and (ii) contribute its existing Betfair Brazil business, in return for a&nbsp;56%&nbsp;stake in the newly combined Flutter Brazil business. In addition, a mechanism has been put in place to enable Flutter to increase its shareholding through reciprocal put/call arrangements in year five and year ten following the completion date&nbsp;4&nbsp;.

FLUT

Flutter Entertainment Acquires 56% Stake In Brazil's NSX Group For $350M

The Honest Company: Looking For A Profitability Beat In Q2

Honest Company GAAP EPS of -$0.04 beats by $0.01, revenue of $93M beats by $5.91M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Honest Co (NASDAQ:<a href="https://investorplace.com/stock-quotes/hnst-stock-quote/">HNST</a>) just reported results for the second quarter of 2024.<ul><li>Honest Co reported earnings per share of -4 cents. This met the analyst estimate for EPS of -4 cents.</li><li>The company reported revenue of $93.05 million.</li><li>This was 6.57% better than the analyst estimate for revenue of $87.31 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/hnst-stock-earnings-honest-co-for-q2-of-2024/">HNST Stock Earnings: Honest Co Meets EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

HNST Stock Earnings: Honest Co Meets EPS, Beats Revenue for Q2 2024

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Vital Farms (VITL – Research Report) and Honest Company (HNST...

Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Vital Farms (VITL) and Honest Company (HNST)

Honest Company rallies after showing turnaround momentum in Q2

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Telsey Advisory Sticks to Its Hold Rating for Honest Company (HNST)

The Honest Company, Inc. (HNST) Q2 2024 Earnings Call Transcript

The Honest Company, Inc. 2024 Q2 - Results - Earnings Call Presentation

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Financing

Press Releases

The Honest Company Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

The Honest Company Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Full Year 2024 Financial Outlook

Opinion

Thinking about buying stock in Ocean Biomedical, Rush Street Interactive, Vivani Medical, Abeona Therapeutics, or Honest Company?

The Honest Company to Participate in the UBS Global Consumer and Retail Conference on March 14, 2024

Management

Founder Jessica Alba to Step Down from Role as Chief Creative Officer at The Honest Company Following a Record Q4 Performance

The Honest Company to Report First Quarter Financial Results on May 8, 2024

The Honest Company Reports First Quarter 2024 Results

The Honest Company to Report Second Quarter Financial Results on August 8, 2024

The Honest Company Reports Second Quarter 2024 Results and Raises Full Year Outlook

The Honest Company Collaborates with Lil' Libros in Celebration of Latin American Culture

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Honest Co

Honest Co (HNST) Forecast

Honest Co (NASDAQ:HNST) Stock, Quote.Headers.trade-ideas