Latest News for Intact Financial Stock (OTC:IFTPF)

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.

INTACT FNCL PREF A 7 by Intact Financial Corp.

Intact Financial Corp

Wednesday saw U.S. stocks closing on a downward trend, with the Dow Jones Industrial Average dipping 0.1% to 37,753.31, the S&amp;P 500 falling 0.6% to 5,022.21, and the Nasdaq also concluding the day lower by 1.1% at 15,683.37.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)
Taiwan Semiconductor&#8217;s shares dipped by 0.55% to close at $139.03, with an intraday high and low of $142.57 and $137.36 respectively. The company&#8217;s shares traded lower due to ASML Holding N.V. reporting <a href="https://www.benzinga.com/news/24/04/38299207/whats-going-on-with-taiwan-semiconductor-stock">worse than expected</a> results. Taiwan Semiconductor is set to report earnings on Thursday.
Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)
Arm Holdings&#8217; shares fell by 11.99% to close at $107.56. The stock&#8217;s intraday high was $122.68, and the low was $107.01. The shares traded lower in <a href="https://www.benzinga.com/news/24/04/38299189/whats-going-on-with-arm-holdings-stock">sympathy</a> with ASML Holding N.V., which reported worse-than-expected first-quarter results.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238919/crypto-markets-tumble-following-irans-drone-attack-against-israel-investor-warns-of-contin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Markets Tumble Following Iran&#8217;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>)
Alcoa&#8217;s shares dropped by 1.50% to close at $35.55, with an intraday high and low of $37.48 and $35.21 respectively. The company reported its <a href="https://www.benzinga.com/news/earnings/24/04/38302798/alcoa-stock-climbs-on-q1-results-heres-why">first-quarter financial results</a> after the bell on Wednesday, with quarterly losses of 81 cents per share and revenue of $2.6 billion, beating the $2.56 billion analyst consensus estimate. 
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s shares fell by 1.13% to close at $68.82. The stock&#8217;s intraday high was $70.01, and the low was $68.72. The company <a href="https://www.benzinga.com/markets/equities/24/04/38296674/whats-going-on-with-alibaba-shares-after-launching-logistics-solutions-for-us-smes">introduced its Logistics Marketplace</a>, which led to a slight decrease in its shares.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares dipped by 1.06% to close at $155.45, with an intraday high and low of $158.33 and $153.78 respectively. CEO Elon Musk explained the rationale behind the <a href="https://www.benzinga.com/news/24/04/38285714/no-more-inventory-discounts-on-tesla-cars-as-ceo-elon-musk-says-sales-system-has-turned-complex-and">removal of inventory discounts</a> on its cars in the U.S., citing the need to simplify the company's complex sales system. 
Photo by Jirapong Manustrong on Shutterstock
Prepare for the day&#8217;s trading <a href=""Premarket">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38257664/delta-flight-returns-to-atlanta-after-takeoff-boeing-757-yawing-aggressively?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Delta Flight Returns To Atlanta After Takeoff: Boeing 757 &#8216;Yawing Aggressively&#8217;</a>
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News

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BABA

TSLA

Taiwan Semiconductor, ARM Holdings, Alcoa, Alibaba, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The cryptocurrency market is bracing for a potential storm as Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price hovers around $50,500. A leading analyst has warned that if the price falls to this level, it could trigger over $15 billion in liquidations on Binance (BNB).
What Happened: Cryptocurrency analyst Ali Martinez took to social media platform X to alert the community about the potential for massive liquidations on Binance. 
&#8220;#Bitcoin dropping to $50,500 will trigger over $15 billion in liquidations on #Binance alone!&#8221; Martinez wrote.
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> dropping to $50,500 will trigger over $15 billion in liquidations on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> alone! <a href="https://t.co/9wQTVwprgx">pic.twitter.com/9wQTVwprgx</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1780716502619988142?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bitcoin Liquidation Update: In the past 24 hours, total liquidations reach $89 million, with long positions at $66.39 million and short positions at $22.61 million. Over the last 4 hours, liquidations amount to $4.44 million, comprising long positions of $1.60 million and short positions of $2.88 million, based on data from Coinglass.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38274675/heres-how-much-bitcoin-you-need-to-become-a-millionaire-according-to-michael-saylor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much Bitcoin You Need To Become a Millionaire, According To Michael Saylor</a>
Why It Matters: The recent drop in Bitcoin&#8217;s price has sparked concerns across the cryptocurrency market. Research firm 10x Research recently warned of a potential <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38300304/why-the-bitcoin-dump-prompted-10x-research-to-sell-everything">significant price correction</a> for risk assets, including stocks and crypto, with inflation being the main trigger.
On the other hand, the approval of Bitcoin and Ethereum ETFs in Hong Kong has led to <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299618/hong-kongs-bitcoin-and-ethereum-etfs-poised-to-reach-1b-in-assets-bloomberg-analyst-predic">optimistic predictions for the market&#8217;s growth</a>. Bloomberg Senior ETF analyst Eric Balchunas has revised his initial inflow predictions for these ETFs, estimating they will reach $1 billion within two years.
Despite the recent price drop, some industry leaders remain optimistic about Bitcoin&#8217;s future. Venture capitalist Tim Draper <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299864/bitcoin-billionaire-predicts-250-000-btc-price-by-end-of-year-is-it-possible">predicted a $250,000 BTC price</a> by the end of 2024 at the close of 2023. With nearly one-third of 2024 gone, his prediction may not seem as unlikely anymore.
Price Action: Bitcoin&#8217;s current price stands at $61,371, reflecting a modest 0.17% increase over the past 24 hours. Year to date, it boasts a remarkable surge of 38.94%, according to the data from Benzinga Pro.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238919/crypto-markets-tumble-following-irans-drone-attack-against-israel-investor-warns-of-contin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Markets Tumble Following Iran&#8217;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin Dropping To This Level Could Trigger Over $15B In Liquidations On Binance, Warns Analyst

The hush money trial of Donald Trump is underway, and the inclusion of two lawyers in the jury has sparked remarks from the ex-president&#8217;s former attorney, Timothy Parlatore, who described the move as &#8220;very unusual&#8221;.
What Happened: Parlatore discussed the unique situation of having lawyers serve on a jury during an interview on CNN&#8217;s &#8220;The Lead with Jake Tapper&#8221; on Wednesday. He pointed out that the presence of lawyers on the jury could be advantageous or disadvantageous, depending on the specifics of the case, <a href="https://thehill.com/regulation/court-battles/4601257-former-trump-attorney-hush-money-trial-jurors-lawyers/">reported</a> The Hill.
The trial, which kicked off in Manhattan on Monday, has so far selected seven jurors from a pool of 96 potential candidates over two days. The chosen jurors include a corporate attorney from Chelsea, Oregon, and a civil litigator from the Upper East Side, North Carolina.
See Also: <a href="https://www.benzinga.com/news/24/04/38286407/gop-mega-donors-son-throws-support-behind-incumbent-president-in-biden-vs-trump-battle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Mega Donor&#8217;s Son Throws Support Behind Incumbent President In Biden Vs. Trump Battle</a>
Parlatore voiced concern that a lawyer on the jury could hold considerable sway over the rest of the panel. The jury selection process, which is moving faster than expected, is set to continue on Thursday. The trial requires a total of 12 jurors and at least six alternates.
&#8220;The problem with having a lawyer on the jury is that they can be a very strong voice and influence the rest of the panel,&#8221; said the former Trump lawyer.
Former President Trump is on trial for allegedly illegally concealing a hush money payment made to suppress an alleged affair ahead of the 2016 election. He has pleaded not guilty and denied the affair.
Why It Matters: The trial, which began on April 15, has been drawing considerable attention, with the <a href="https://www.benzinga.com/general/social-media/24/04/38282616/trump-trial-gets-7-jurors-11-to-go-their-old-social-media-posts-take-center-stage-in-court-e">jury selection process</a> and the social media accounts of prospective candidates taking center stage.
The trial is expected to last at least six weeks and has already <a href="https://www.benzinga.com/general/politics/24/04/38279176/trump-hush-money-trial-draws-reaction-from-congressman-talk-show-hosts-worse-than-anything-richa">sparked reactions</a> from congressmen and talk show hosts. 
On the first day of the trial, Trump argued that he was being <a href="https://www.benzinga.com/general/politics/24/04/38261008/donald-trump-argues-political-prosecution-before-jury-selection-in-new-york-trial-judge-not-goin">politically prosecuted</a>, a claim the judge did not accept.
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/04/38286236/once-trumper-scaramucci-warns-re-electing-ex-president-would-result-in-american-fascism-and-be-very?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Once-Trumper&#8217; Scaramucci Warns Re-Electing Ex-President Would Result In &#8216;American Fascism&#8217; And Be &#8216;Very Bad&#8217; For Business: &#8216;He Wants To Be North American Autocrat&#8217;</a>
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Former Trump Attorney Says 'Very Unusual' To Have Lawyers On The Jury: 'They Can Be A Very Strong Voice'

House Speaker Mike Johnson (R-La.) is facing criticism from conservatives due to the lack of border security provisions in his latest foreign aid proposal.
What Happened: Johnson dismissed the criticism on Wednesday, attributing the lack of action to Senate and White House Democrats. He stated, &#8220;Some of my colleagues want the Speaker of the House to have a magic wand. If we could close the border ourselves, we would have done it a long time ago,&#8221; <a href="https://thehill.com/homenews/house/4601412-johnson-some-republicans-want-speaker-to-have-a-magic-wand/">reported</a> The Hill.
The Speaker&#8217;s comments came after the release of legislative text for three bills that would combine military assistance to Ukraine, Israel, and allies in the Indo-Pacific with humanitarian aid for Gaza. These bills, however, do not include a border security measure, a reversal from Johnson&#8217;s previous indication that aid for Ukraine would be tied to such measures.
Despite Johnson&#8217;s efforts, several conservatives criticized his move, accusing him of making bipartisan deals with President Joe Biden. Johnson defended his actions, pointing to the House&#8217;s passage of H.R. 2 last year and the Democratic-controlled Senate&#8217;s decision not to move it forward.
Johnson also announced plans to bring a border bill, titled the End The Border Catastrophe Act, to the House floor later this week. However, he acknowledged that the GOP conference may not get everything they want due to their slim majority.
The Speaker&#8217;s position has been further threatened by Rep. Marjorie Taylor Greene (R-Ga.), who introduced a motion to vacate Johnson last month. Despite this, several GOP members have voiced opposition to removing Johnson, and multiple Democrats have indicated they would support the Speaker depending on his handling of Ukraine aid.
See Also: <a href="https://www.benzinga.com/news/24/04/38240111/unlike-his-behavior-in-e-jean-carroll-case-donald-trump-is-going-to-have-sit-there-in-upcoming-crimi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Unlike His Behavior In E. Jean Carroll Case, Donald Trump Is &#8216;Going To Have Sit There&#8217; In Upcoming Criminal Case, Says Ex-Prosecutor</a>
Why It Matters: The criticism of Johnson&#8217;s foreign aid proposal comes amid an <a href="https://www.benzinga.com/news/24/04/38240401/marjorie-taylor-greene-is-trying-to-oust-speaker-mike-johnson-except-she-has-no-gop-allies">ongoing campaign</a> by Greene to unseat him. Her efforts, however, lack momentum and support.
Rep. Thomas Massie (R-Ky.) has <a href="https://www.benzinga.com/news/24/04/38284071/marjorie-taylor-greene-bid-to-oust-speaker-mike-johnson-joined-by-thomas-massie-its-a-clusterf-k">joined</a> Greene&#8217;s campaign. Amid these developments, former President Donald Trump has <a href="https://www.benzinga.com/news/24/04/38230714/trump-throws-support-behind-mike-johnson-amid-marjorie-taylor-greenes-ouster-threat-hes-doing-a-very">expressed his support</a> for Johnson. The outcome of these political maneuvers remains uncertain.
Photo via Shutterstock.
Read Next: <a href="https://www.benzinga.com/news/24/04/38241519/mark-cubans-288m-wire-transfer-to-irs-a-veiled-jab-at-trump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban&#8217;s $288M Wire Transfer To IRS: A Veiled Jab At Trump?</a>
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Mike Johnson On Border Criticism: 'Some Of My Colleagues Want The Speaker Of The House To Have A Magic Wand'

In a recent public address, President Joe Biden showed deep emotion while discussing his family&#8217;s military service and the derogatory comments made by Donald Trump about service members.
What Happened: Speaking to a crowd of union workers, Biden brought up Trump&#8217;s 2018 refusal to visit American gravesites during a trip to Paris, where Trump reportedly referred to the fallen soldiers as &#8216;suckers&#8217; and &#8216;losers&#8217;. &#8220;That man doesn't deserve to have been the commander in chief for my son, my uncle,&#8221; Biden said, referring to Beau Biden and Ambrose Finnegan, both military veterans, <a href="https://www.nbcnews.com/politics/2024-election/biden-chokes-talking-beau-trumps-remarks-service-members-rcna148274">reported</a> NBC News.
These comments were confirmed by former White House chief of staff John Kelly. The Trump campaign, however, denies these allegations, with national press secretary Karoline Leavitt calling Biden&#8217;s claims an &#8220;old and tired lie,&#8221; according to the report.
See Also: <a href="https://www.benzinga.com/news/24/04/38286236/once-trumper-scaramucci-warns-re-electing-ex-president-would-result-in-american-fascism-and-be-very?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Once-Trumper&#8217; Scaramucci Warns Re-Electing Ex-President Would Result In &#8216;American Fascism&#8217; And Be &#8216;Very Bad&#8217; For Business: &#8216;He Wants To Be North American Autocrat&#8217;</a>
At a campaign rally in Scranton, Pennsylvania, Biden expressed his outrage at Trump&#8217;s remarks, asking, &#8220;Who the hell does he think he is?&#8221; Biden was in Pittsburgh as part of a three-city tour of Pennsylvania.
Why It Matters: These remarks come amid a <a href="https://www.benzinga.com/news/24/04/38239577/trump-vs-biden-one-candidates-lead-narrows-to-slim-margin-over-other">tightening race</a> between Biden and Trump for the upcoming election, with recent polling data showing Trump holding a slim lead over Biden.
Trump&#8217;s alleged disrespect for the military has been a point of contention in the past. Earlier this year, Nikki Haley, a GOP presidential primary contender, <a href="https://www.benzinga.com/news/24/02/37085931/trump-not-qualified-to-be-president-says-nikki-haley-citing-disrespect-for-the-military-i-dont-trust">expressed her disapproval</a> of Trump's comments about her husband, a deployed military officer, and voiced her lack of trust in Trump's ability to protect the military.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/04/38242468/former-trump-aide-scaramucci-urges-keeping-ex-president-as-far-from-the-white-house-as-possible-afte?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">FFormer Trump Aide Scaramucci Urges Keeping Ex-President &#8216;As Far From The White House As Possible&#8217; After Iran&#8217;s Attack On Israel: &#8216;Protect Our 76-Year Ally&#8217;</a>
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Teary Biden Slams Trump For Remarks On Service Members: 'Who The Hell Does He Think He Is?'

In a recent House Oversight Committee hearing, Rep. Jared Moskowitz (D-Fla.) took a stand against Rep. Marjorie Taylor Greene (R-Ga.) for her baseless claims about the prevalence of Nazism in Ukraine. This narrative is often echoed by Russian President Vladimir Putin.
What Happened: Moskowitz criticized Greene&#8217;s attempts to portray Ukrainians as Nazis and compare Ukraine&#8217;s government to Nazi Germany during a hearing titled &#8220;Defending America from the Chinese Communist Party's Political Warfare,&#8221; <a href="https://thehill.com/homenews/house/4601264-moskowitz-confronts-greene-on-ukraine-nazi-remarks/">reported</a> The Hill.
Moskowitz, a descendant of Holocaust survivors, chastised Greene for her &#8220;disgusting behavior, using Nazis as propaganda.&#8221; He encouraged her to visit the Holocaust Museum to gain a better understanding of the horrors committed by the Nazis.
He also disputed Greene&#8217;s unfounded allegations about concentration camps and other Nazi-like atrocities in Ukraine, asserting, &#8220;They're not trying to erase a people, the Ukrainians.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/04/38286236/once-trumper-scaramucci-warns-re-electing-ex-president-would-result-in-american-fascism-and-be-very?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Once-Trumper&#8217; Scaramucci Warns Re-Electing Ex-President Would Result In &#8216;American Fascism&#8217; And Be &#8216;Very Bad&#8217; For Business: &#8216;He Wants To Be North American Autocrat&#8217;</a>
Previously, Greene had shared several news articles and photos suggesting the existence of neo-Nazis in Ukraine. She voiced her worry about the alleged misinformation regarding &#8220;the Nazis in Ukraine and their recruitment efforts that go all around the world.&#8221;
Historian Timothy Snyder, a specialist in the Holocaust and Eastern Europe, refuted Greene&#8217;s claims, stating that the influence of Nazis in Ukrainian politics was minimal. He suggested that concerns about fascism should be directed towards Russia instead.
Why It Matters: Greene&#8217;s controversial remarks are not new. In March 2024, she had a <a href="https://www.benzinga.com/news/24/03/37525135/marjorie-taylor-greene-tells-former-bbc-host-to-f-off-at-trumps-mar-a-lago">heated exchange</a> with British journalist Emily Maitlis at Donald Trump's Mar-a-Lago resort. Maitlis questioned Greene about her support for conspiracy theories, leading to a tense confrontation.
Greene is currently <a href="https://www.benzinga.com/news/24/04/38284071/marjorie-taylor-greene-bid-to-oust-speaker-mike-johnson-joined-by-thomas-massie-its-a-clusterf-k">engaged in an effort</a> to oust Speaker Mike Johnson (R-La.) over his decision to bring multiple foreign aid bills to the floor, including to Ukraine.
Photo by lev radin on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38263998/trumps-niece-says-ex-presidents-mandatory-courtroom-presence-will-give-jury-front-row-seat-of-his-ba?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President&#8217;s Mandatory Courtroom Presence Will Give Jury Front-Row Seat Of His Bad Behavior: &#8216;Donald Is Finally Confronting His Criminal Charges&#8217;</a>
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Marjorie Taylor Greene Confronted By Moskowitz Over Nazis In Ukraine Claims: 'Disgusting Behavior'

"Our strike threat put them in a corner," said Austin Williams, delivery driver and member of United Food and Commercial Workers (UFCW) Local 324. The union came to an agreement with Eaze/Stachs in a labor <a href="https://www.benzinga.com/markets/cannabis/24/04/38282181/eaze-delivery-workers-threaten-first-cannabis-strike-of-2024-amid-ongoing-negotiations">conflict </a>that has lingered for nine months. 
Union representatives reached an agreement via a bargaining committee made up of Eaze employees represented by UFCW locals 5, 135, 324, and 770. The agreement guarantees better pay, a fair process for reimbursement of the costs of operating their vehicles, work hours and a multitude of enforceable rights and protections on the job. The committee is recommending that all implied workers sign the offer, which is expected to happen in the coming days.
"We felt we needed to reject the company&#8217;s initial offer, and an overwhelming majority of Eaze members agreed, which brought the company back to the table," said Giovanna Sanchez-Esquival, a driver at Element 7 in South San Francisco. Conflict duration is explained by this and other previous rejections, which led to a halt in negotiations in the past March.
This agreement comes at a time when cannabis delivery company Eaze is facing hurdles on multiple fronts, including a <a href="https://www.benzinga.com/markets/cannabis/23/08/33478363/cannabis-delivery-company-faces-legal-battle-allegations-of-fraud-unlawful-operations">lawsuit </a>brought by former partners Green Dragon. 
<h3 class="wp-block-heading">Unions And The Cannabis Industry</h3>
This outcome sets a new landmark for labor rights in the cannabis industry, which due to an increase in labor demand has been fertile territory for unionization in recent years.
Several other successful <a href="https://www.benzinga.com/markets/cannabis/23/10/35403268/unionization-grows-ayr-wellness-nevada-workers-choose-ufcw-representation">unionizing efforts</a> were undertaken across the country over major companies during 2023 such as Cannabist Company Holdings Inc <a href="https://www.benzinga.com/quote/cbstf">CBSTF</a> in <a href="https://www.benzinga.com/markets/cannabis/23/10/35163610/unionization-efforts-in-cannabis-continue-workers-at-new-jersey-cultivation-site-join-ufcw-local">New Jersey</a>, Cresco Labs <a href="https://www.benzinga.com/quote/crlbf">CRLBF</a> in <a href="https://www.benzinga.com/markets/cannabis/23/01/30552367/are-teamsters-just-warming-up-nearly-400-cannabis-workers-joined-the-union-since-jan-1st">Illinois</a>, Grassdoor in <a href="https://www.benzinga.com/markets/cannabis/23/03/31477358/workers-at-two-more-cannabis-companies-unionize-with-teamsters-and-ufcw">California</a> and Verano Holdings Corp <a href="https://www.benzinga.com/quote/vrnof">VRNOF</a> in <a href="https://www.benzinga.com/markets/cannabis/22/08/28566870/veranos-firing-of-union-supporters-flops-zen-leaf-chicago-workers-join-teamsters-local-777">Chicago</a>.
Apart from UFCW and Teamsters, both trespassing a million associates, there is a plethora of smaller representations among the cannabis industry workers, some of which have been deemed as management-aligned <a href="https://www.benzinga.com/markets/cannabis/23/11/35557492/more-cannabis-workers-tricked-by-alleged-management-aligned-or-fake-marijuana-unions">fake unions</a> by industry workers.

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Unionized Cannabis Industry Workers Threat Is Off, Eaze Conflict Reaches Agreement

Florida stands on the brink of a significant shift with Amendment 3, a proposal that could legalize the use of cannabis for adults over the age of 21.
At the Benzinga Cannabis Capital Conference&nbsp;on Wednesday,&nbsp;a distinguished panel comprising Brady Cobb, CEO/founder of Sunburn Cannabis,&nbsp;Richard Proud, CEO of iAnthus,&nbsp;Dur&eacute;e Ross, president &amp; CEO of Dur&eacute;e &amp; Company&nbsp;and Cory Azzalino, CEO of Eaze and Green Dragon, engaged in a critical discussion on <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38037571/floridas-6b-cannabis-market-anticipates-400-growth-following-court-decision-allowin">Amendment 3</a>.
This session delved into the potential ramifications of legalizing adult-use cannabis in Florida, offering valuable insights into the state&#39;s legislative landscape and public sentiment towards this transformative initiative.
<img alt="2231044_cccfloridagif_v2_031124-27_0.gif" src="https://www.benzinga.com/files/u503488/2231044_cccfloridagif_v2_031124-27_0.gif" style="height:528px; width:633px" />
<h3>Insights From The Panel Discussion</h3>
Moderated by Dustin Eide, CEO of CanPay, the conversation delved into <a href="https://www.benzinga.com/topic/florida-cannabis">Florida&#39;s</a> journey toward <a href="https://www.benzinga.com/markets/cannabis/24/04/38102205/desantis-furious-as-legal-weed-abortion-rights-move-toward-november-ballot-calls-amendments-radi">potentially legalizing recreational cannabis</a>.
The panelists shared their unique insights on the state&#39;s legislative and public sentiment landscape, emphasizing the amendment&#39;s potential to revolutionize the cannabis industry in <a href="https://www.benzinga.com/topic/florida-cannabis">Florida</a>.
They discussed the strategic moves and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/09/34616289/floridas-cannabis-market-shows-robust-growth-analyst-examines-whos-on-the-rise-amid">considerations for businesses</a> in anticipation of the amendment&#39;s passage, highlighting the importance of readiness for either outcome.
<h3>A $2 Billion Medical Marijuana Market</h3>
Cobb, with his extensive background in cannabis legislation and lobbying, highlighted the community&#39;s collective efforts, particularly praising Kim Rivers for her pivotal role in this journey.
&quot;We&#39;re built for a medical market, and it&#39;s still a $2 billion medical market right now... We&#39;re growing new patients at 28% month over month.&quot; Cobb&#39;s insights underline the significance of readiness and adaptability in the evolving cannabis industry.
The conversation also covered operational strategies for businesses, with insights from Proud on the importance of innovation and market differentiation in anticipation of adult-use legalization.
Meanwhile, Ross emphasized the ongoing necessity of robust marketing and public relations efforts to navigate the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36745790/2024-oscars-of-marijuana-equity-analyst-nominations-spotlight-key-state-performers">evolving landscape</a>.
With a mix of optimism and caution, the speakers underscored the significance of Amendment 3, not just for Florida but as a potential trendsetter for cannabis legislation <a href="https://www.benzinga.com/markets/cannabis/24/03/37521749/unpacking-the-58b-cannabis-market-boom-bdsa-forecasts-for-2028">across the United States</a>.
<h3>Contingency Planning For Amendment 3</h3>
The panelists discussed the scenario if Amendment 3 does not pass, emphasizing the importance of being prepared for all outcomes.
They suggested that the industry would remain robust due to Florida&#39;s strong <a href="https://www.benzinga.com/markets/cannabis/24/01/36880346/new-zoning-regulations-floridas-cannabis-donors">medical cannabis market</a>, but acknowledged that it would be a setback for expansion plans.
There was a consensus on the resilience of the market and businesses, yet they noted it would necessitate a strategic pivot and possibly impact the number of operational stores.
Azzalino highlighted resilience in the face of potential setbacks, stating, &quot;No matter what, the operators existing within the <a href="https://www.benzinga.com/topic/florida-cannabis">Florida medical market</a> operate fairly profitably... So, I don&#39;t think you know it would certainly be a setback... but irrespective, it&#39;s a phenomenal medical market.&quot;
Photo by&nbsp;<a href="https://unsplash.com/@climatechangevi?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Karl Callwood</a>&nbsp;on&nbsp;<a href="https://unsplash.com/photos/the-flag-of-the-state-of-florida-flying-in-the-wind-k_sRKq7nHQM?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Unsplash</a>.&nbsp;

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It's On The Ballot! The Future Of Adult-Use Cannabis In Florida, What's The Contingency Plan If Legalization Fails?

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Real Madrid isn&#39;t just a football club,&nbsp;it&#39;s a gateway to Madrid&#39;s eclectic blend of sports, leisure&nbsp;and culinary delights. In the shadows of the iconic Santiago Bernab&eacute;u Stadium, the Spanish capital thrives with a vibrant cannabis culture, seamlessly blending with the city&#39;s rich history and lively streets.
For those drawn to Madrid for its football prestige, the city offers an unexpected companion to the Real Madrid experience&mdash;exclusive cannabis clubs that provide a unique prelude to exploring Madrid&#39;s culinary scene.
Cannabis, when responsibly enjoyed, serves as the perfect introduction to the city&#39;s famed tapas, allowing for a richer, more immersive tasting journey.
<h3>Key Regulations For Tourists</h3>
These clubs offer a safe and regulated environment for <a href="https://www.benzinga.com/cannabis">cannabis</a> consumption, blending the worlds of sport and leisure in an unexpected yet harmonious way.
<ul>
<li>Membership Requirement: Entry into cannabis clubs is restricted to members. <a href="https://www.leafly.com/news/lifestyle/will-barcelona-be-the-new-amsterdam-what-tourists-should-know">Tourists wishing to access</a> these clubs need a valid ID (passport or driver&#39;s license) and often a referral or sponsorship from an existing member​.</li>
<li>Decriminalized, Yet Regulated: While individual cannabis use and cultivation for personal consumption are decriminalized, there are city-specific regulations. For example, Madrid and Barcelona have different rules regarding personal cultivation​.</li>
<li>Public Consumption Fines: The sale and distribution of cannabis remain illegal, and taking it into public spaces is prohibited. Violations can lead to fines.</li>
<li>Club Operation Guidelines: Many clubs face advertising restrictions, operating partially underground to comply with Spain&#39;s strict laws. This makes them harder to find, often relying on word-of-mouth for promotion.</li>
<li>Consumer Advice: Due to the cautious legal framework, tourists are advised to consume <a href="https://www.benzinga.com/cannabis">cannabis products</a> within&nbsp;the clubs. Police have been known to search individuals outside clubs, so it&#39;s recommended not to carry cannabis products publicly.</li>
</ul>
<h3>Cannabis Club Near Santiago Bernab&eacute;u</h3>
Spain&#39;s cannabis clubs represent a unique blend of social clubs and cultivation cooperatives, thriving under the country&#39;s relatively tolerant policies. However, the experience for tourists can vary, with entry often dependent on local connections and club-specific rules.
Just a stone&#39;s throw from the iconic Santiago Bernab&eacute;u Stadium, the heart of Madrid&#39;s football fervor, lies a gateway to some of the city&#39;s most discreet yet welcoming <a href="https://www.benzinga.com/cannabis">cannabis clubs</a>.
Known for its funky interior design and quality products, <a href="https://420collectivemadrid.com/">420 Collective Madrid</a> is conveniently located within a 15-minute walk from Santiago Bernab&eacute;u Stadium, making it a perfect stop for Real Madrid fans looking to <a href="https://420collectivemadrid.com/en/420-madrid/">explore the city&#39;s&nbsp;cannabis scene</a>.
<h3>Other Noteworthy Cannabis Clubs In Madrid</h3>
<ul>
<li>Gasolina Social Club: Situated in the city center, this club is celebrated for its quality marijuana products and discreet location. <a href="https://spainweedguide.com/gasoline-social-club-madrid/">Gasolina Social Club</a> boasts a variety of cannabis strains and is a must-visit for enthusiasts in the capital.</li>
<li>Green Shot Cannabis Social Club: Offers a two-level space with a psychedelic vibe, complete with a bar stocked with snacks and drinks. It&#39;s known for its comfortable environment and a <a href="https://spainweedguide.com/green-shot/">wide selection of cannabis</a>.</li>
<li>Los Secretos De Maria Cannabis Club: Located on a quiet street, this club is praised for its <a href="https://spainweedguide.com/los-secretos-de-maria/">peaceful environment</a> and premium cannabis selection, providing a top-notch experience for its members.</li>
<li>Desv&aacute;n Madrid - Salamanca: A cozy and well-decorated club aiming for comfort and a welcoming atmosphere. Known for its friendly staff and excellent service, it&#39;s located in a convenient area and is easy to find.</li>
<li>Estigia Aso - Fuencarral-El Pardo: Offers a tranquil and secure environment with a variety of cannabis strains. Besides, it organizes activities like yoga and football viewings. It&#39;s known for its highly trained staff providing top-notch advice, especially for therapeutic users.</li>
<li>Verdes Maravillas Club de Fumadores - Justicia: Located near Gran V&iacute;a, this club provides a comfortable and cozy space for enjoying high-quality recreational and medicinal marijuana, promoting a relaxing experience and idea exchange on cannabis.</li>
</ul>
<a href="https://www.salir.com/las-mejores-asociaciones-cannabicas-de-madrid-art-1815.html">Madrid&#39;s cannabis clubs</a> are exclusive and <a href="https://cannabis-madrid.com/">require membership</a> due to local regulations. It&#39;s important to understand the rules before joining, as consumption is only allowed in private places like these clubs or at home, ensuring a safe and enjoyable experience for everyone.
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Photo: AI-Generated.&nbsp;

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Perfect Match: Discover The High Life Near Real Madrid's Bernabéu Stadium - A Tourist's Guide To Elite Cannabis Clubs

Sen. Elizabeth Warren went on the offense attacking Donald Trump for his record while serving as president of the U.S. after winning the 2016 election.
What Happened: In a tight race between Trump and President Joe Biden in the 2024 presidential election, both candidates are reminding voters of their records while serving in the White House.
Sen. Warren would like voters to know that she thought Trump only had two accomplishments during his time in the White House.
"Donald Trump actually had only two accomplishments in his four years. One was the extremist Supreme Court that overturned Roe V. Wade, and the other was more than $2 trillion in tax cuts, mostly soaked up by millionaires, billionaires, and giant corporations," Warren said during an interview on "All In With Chris Hayes."
Warren contrasted the record of Trump with Biden.
"Here's Joe Biden out there fighting to make sure that we get access to abortion and other reproductive rights, but on taxes, watch the difference. Joe Biden actually got through a 15% minimum corporate tax on billionaire corporations."
Warren said this was the first tax increase on big corporations in more than 30 years during her interview on the weekday news segment, which airs on MSNBC, a unit of Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).
The senator stated that Trump said he was going to cut taxes for the rich again, compared to Biden who said he would raise taxes on billionaires more.
"He's going to use that money to invest back in America and that is a huge difference between them," she said.
Why It's Important: Warren highlighted that tax cuts on the wealthy led by Trump expire in 2025.
"They expire on their own unless affirmatively extended, right? So, the kind of the default is on the side of going away, which does create enormous incentive for people who are very wealthy … to try and get Donald Trump elected," Warren said.
Warren said that if the Republicans control the game, rich people will get a bigger payday and "everybody else has to pick up the slack."
The comments from Warren on Trump's Roe V. Wade accomplishment came as abortion is becoming an increased focus for the 2024 election and a key point drilled home to voters by Biden's campaign.
The state of Arizona recently placed new rules on abortions. Trump has also tried to distance himself from a national abortion ban, calling for it to be an issue for states to decide.
Warren and Hayes also pointed to the importance of records in the 2024 election as this marks the first time since the 1892 election that both candidates had previously served as presidents of the U.S.
Photo: MSNBC / &#8220;All In With Chris Hayes&#8221;

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Elizabeth Warren Says Trump Had Only 2 Accomplishments As President: 'Huge Difference Between' Biden, Trump

Gov. Ron DeSantis (R) took another swipe at the cannabis legalization amendment Floridians will vote on in the November 2024 elections. This time, he went after those whom he believes will smoke pot near K-12 schools.
"So someone walking by an elementary school just sitting there toking up, that's somehow okay?" DeSantis said on Wednesday to reporters at an event in Miami. "How is that good for the state of Florida?"
The proposal, known as Amendment 3, was <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">approved recently by the Florida Supreme Court</a> to advance to the November ballot. The amendment, organized by Smart and Safe Florida, indeed provides lawmakers with the authority to "limit outdoor and public consumption" just as the state does for public consumption of tobacco.
<h1 class="wp-block-heading">Nevertheless, DeSantis Persisted</h1>
"This amendment is the broadest amendment yet and I think it's basically going to green light marijuana usage in all these different parts of the state where we don't want that to happen," he said, <a href="https://floridapolitics.com/archives/670027-gov-desantis-slams-marijuana-amendment-again-warns-of-toking-up-near-schools/">reported</a> Florida Politics. "That is not good for families, that is not good for the elderly."
And then he went after the cannabis companies that support Amendment 3, all of whom happened to be at the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> just several miles away in Hollywood, Fla. as he spoke.
"People aren't putting tens of millions of dollars behind that out of the goodness of their heart," DeSantis said. "They are going to make a lot of money if that amendment passes so you'd be making some companies very, very rich."
While he didn't mention them by name, it is no secret that other cannabis companies — in addition to the <a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative">Trulieve Cannabis Corp</a> (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>) — have also joined in to support the initiative to the tune of at least $15 million, so far. The companies now involved in funding the proposal include Verano Holdings Corp (OTCQX: <a href="https://www.benzinga.com/stock/vrnof#OTCQX">VRNOF</a>), Curaleaf Holdings Inc (OTCQX: <a href="https://www.benzinga.com/stock/curlf#OTCQX">CURLF</a>), AYR Wellness Inc (OTCQX: <a href="https://www.benzinga.com/stock/ayrwf#OTCQX">AYRWF</a>), Cresco Labs Inc. (OTCQX: <a href="https://www.benzinga.com/stock/crlbf#OTCQX">CRLBF</a>), Green Thumb Industries Inc (OTCQX: <a href="https://www.benzinga.com/stock/gtbif#OTCQX">GTBIF</a>) and INSA, Inc.
Photo: Benzinga edit with images by <a href="https://en.wikipedia.org/wiki/Ron_DeSantis#/media/File:Ron_DeSantis-crop.jpg" target="_blank" rel="noreferrer noopener">Wikimedia Commons </a>and <a href="https://www.pexels.com/photo/close-up-photo-of-cannabis-plant-7667883/" target="_blank" rel="noreferrer noopener">Kindel Media</a> on Pexels

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Ron DeSantis Says People Will Be 'Toking Up' Near Schools If Cannabis Legalization Is Approved In November

During the <a href="https://www.benzinga.com/events/cannabis-conference/" target="_blank" rel="noreferrer noopener">Benzinga Cannabis Capital Conference</a>&#8216;s second-day fireside chat, panelists Dreka Gates and Quawntay "Bosco" Adams shared insights into how cannabis has shaped their journeys of entrepreneurship and advocacy. Moderated by Beard Bros Pharms co-founder Bill Levers, the discussion unveiled the intricate relationship between the <a href="https://www.benzinga.com/cannabis" target="_blank" rel="noreferrer noopener">cannabis industry</a> and individual paths toward social and economic empowerment.
Want to watch our Cannabis Capital Conference live? For existing subscribers, you can get direct access <a href="https://www.benzinga.com/research/cannabis-capital-conference" target="_blank" rel="noreferrer noopener">through our research platform</a>. For new users, you can get <a href="https://www.benzinga.com/premium/ideas/sales-landing-2-2/" target="_blank" rel="noreferrer noopener">instant access here</a>!
<h3 class="wp-block-heading">Bridging Cannabis and Wellness</h3>
Gates, creator of the plant-based <a href="https://www.benzinga.com/markets/cannabis/23/09/34298044/discover-wellness-the-latest-in-cannabis-infused-beverages-gummies-redefining-tomorrow" target="_blank" rel="noreferrer noopener">wellness products</a> line DREKA and stepping into the cannabis industry with her venture in Mississippi, Love&#8217;s Harvest, aims to make cannabis more accessible, emphasizing its role in holistic healing. With a background spanning 17 years in the music industry, Gates&#8217;s entrepreneurial skills <a href="https://www.benzinga.com/markets/cannabis/24/04/38223982/dreka-gates-flips-script-from-beats-to-buds" target="_blank" rel="noreferrer noopener">have seamlessly transitioned into her cannabis endeavor</a>, reflecting a strong commitment to wellness and community upliftment.
&#8220;I&#8217;m just excited to help move the industry forward, specifically in <a href="https://www.benzinga.com/topic/mississippi-cannabis" target="_blank" rel="noreferrer noopener">Mississippi</a>. Mississippi&#8217;s forgotten about, but it&#8217;s a beautiful place. It&#8217;s a blank canvas,&#8221; said Gates, highlighting the still untapped opportunities in her state.
<h3 class="wp-block-heading">A Journey From Incarceration To Advocacy</h3>
Adams, author, producer, advocate and speaker shared his <a href="https://www.benzinga.com/markets/cannabis/23/07/33480437/from-cannabis-conviction-to-film-production-the-inspirational-journey-of-quawntay-bosco-adams" target="_blank" rel="noreferrer noopener">harrowing yet inspiring story of resilience</a>. Arrested in 2004 and sentenced to 35 years for <a href="https://www.benzinga.com/markets/cannabis/24/04/38240431/biden-champions-cannabis-reform-and-pardon-as-election-pressure-mounts-marijuana-takes-center-st" target="_blank" rel="noreferrer noopener">cannabis possession</a>, his solitary confinement did not dampen his spirit. In fact, he self-published a book, &#8220;Chasing Freedom,&#8221; outlining his life&#8217;s journey from Compton to cannabis advocacy. 
Now, Adams dedicates his freedom to uplifting those still ensnared by the war on drugs, stressing the necessity of support for the incarcerated and underserved communities within the cannabis industry. &#8220;While a lot of us are looking to get rich, we still need to remember that we have people who are suffering from the War on Drugs,&#8221; Adams stated, receiving a burst of applause from the <a href="https://www.benzinga.com/markets/cannabis/24/04/38272945/7-reasons-to-tune-into-the-benzinga-cannabis-capital-conference-in-person-or-virtually">conference audience</a>.
<h4 class="wp-block-heading">Entrepreneurial Spirit As A Vector Of Social Change</h4>
Despite their different paths, both panelists agreed on the pivotal role of entrepreneurship in navigating the cannabis industry&#8217;s complexities. Adams and Gates, through their unique journeys, illustrate that with determination and a willingness to take calculated risks, overcoming systemic barriers is possible.
Read also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38281040/top-cannabis-diversification-secrets-industry-leaders-reveal-strategies-for-success-at-benzinga-" target="_blank" rel="noreferrer noopener">Top Cannabis Diversification Secrets: Industry Leaders Reveal Strategies For Success At Benzinga Conference</a>
<h3 class="wp-block-heading">Visions Of Impact And Growth</h3>
As the panel concluded, Dreka Gates envisioned her role in health and wellness, aiming to be a central figure in holistic plant medicine. Adams, focusing on content creation, plans to spotlight stories contributing to the broader narrative of drug policy reform.
Levers&#8217; closing, highlighting the irony of discussing a once-illegal activity in a formal, celebrated conference setting, served as a poignant conclusion to a panel rich with lessons of the transformative power of cannabis.
Photo by Jean Laurenceau

Rising From The Ashes: Two Cannabis Entrepreneurship Stories Take Center Stage At Benzinga Conference

Sen. Josh Hawley (R-Mo.) pressed Energy Secretary Jennifer Granholm on her past stock trading history and conflicts of interest during a<a href="https://www.benzinga.com/topic/congress-trading"> congressional hearing Tuesday.</a>
What Happened: Granholm&#8217;s stock trading activity while serving as energy secretary <a href="https://www.benzinga.com/government/23/06/32896129/joe-biden-cabinet-member-faces-questions-over-stock-holdings-years-after-violating-the-stock-act">continued to draw attention</a>. 
Hawley grilled Granholm during the hearing, telling those present that the energy secretary oversees over 130 energy officials who have made over 2,000 trades in companies, which in some cases they do work with.
"This is institutionalized corruption," Hawley <a href="https://www.youtube.com/watch?v=X1SBD69837E">said</a>.
The senator shared a timeline with the court of Granholm previously saying she didn't own any individual stocks in April 2023. Granholm later admitted via a letter that she did own shares of several companies and preceded to sell them later.
"Why did you mislead this committee," Hawley asked.
Granholm admitted to the fault during the testimony.
"I believe that I had sold all individual stocks and I was incorrect," Granholm told Hawley and the court.
The energy secretary said she brought the error to the committee when realizing it and later sold the stocks.
Hawley told the court Granholm violated stock trading laws nine times previously and was accused of violations to the Hatch Act, which prohibits government employees from using their position to influence elections.
"You misled this committee," he said.
Granholm said she could not recall what the six stocks were that she owned and later sold, with the exception of one being Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>).
The energy secretary said the Ford shares were owned by her husband since he was young and she was unaware of the position.
Related Link: <a href="https://www.benzinga.com/government/24/03/37526192/us-energy-secretary-sounds-alarm-on-chinas-potential-to-dominate-ev-market-they-are-investing-massiv">US Energy Secretary Sounds Alarm On China&#8217;s Potential To Dominate EV Market: They Are Investing Massive Amounts &#8216;For The Purpose Of Bigfooting&#8217;</a>
Why It's Important: Hawley continued to press Granholm after she admitted to the error and brought the issue public.
The senator referenced Granholm previously serving on the board of electric bus company Proterra and promoting the company's products as the energy secretary while she owned shares.
As the head of the Energy Department, Hawley also accused Granholm of overseeing others who have violated stock trading.
"You are presiding over institutionalized corruption in your energy department," Hawley said.
Hawley also accused Granholm of attending conferences funded by dark money from foreign billionaires.
"Who runs the energy department?" Hawley asked, referencing Granholm, the companies she owned stock in, or the foreign billionaires.
Hawley called for Granholm to be removed or to resign with his final time before the hearing moved on: "This record is just deplorable. It is despicable. It is outrageous."
He added: "This has got to change and frankly you should go."
The heated debate came as Hawley previously called for an investigation into Granholm when she admitted to owning stocks and falsely testifying under oath.
Hawley has been a vocal proponent of banning members of Congress and elected officials from buying and selling stocks and options while in elected positions. Hawley <a href="https://www.benzinga.com/government/23/01/30562200/gop-senator-hawley-introduces-pelosi-act-to-ban-congress-members-from-stock-trading">introduced the PELOSI Act</a> in 2023, which stands for "the Preventing Elected Leaders from Owning Securities and Investment Act."
&#8220;As members of Congress, both senators and representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again,&#8221; said Hawley at the time.
Read Next: <a href="https://www.benzinga.com/general/politics/24/01/36459015/10-best-stock-traders-in-congress-in-2023-spoiler-nancy-pelosi-is-back-on-the-list">10 Best Stock Traders In Congress In 2023 (Spoiler: Nancy Pelosi Has Reentered The Chat)</a>
Photo: Energy Secretary Jennifer Granholm via Shutterstock

Senator Grills Energy Secretary Granholm On Stock Ownership, Disclosures: 'This Is Institutionalized Corruption'

Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.04 by 8.65 percent. The company reported quarterly sales of $44.816 million which missed the analyst consensus estimate of $47.515 million by 5.68 percent. This is a 15.75 percent decrease over sales of $53.192 million the same period last year.

Earnings

Earnings Beats

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GSBC

Great Southern Bancorp Q1 2024 GAAP EPS $1.13 Beats $1.04 Estimate, Sales $44.816M Miss $47.515M Estimate

U.S. Sen. Tommy Tuberville&#8216;s latest regulatory filing shows the sale of put options for Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>).
The trading activity of stocks and options by members of Congress continues to draw increased scrutiny, with potential conflicts of interest related to Congressional committees and the <a href="https://www.benzinga.com/topic/congress-trading">timing of trades made.</a>
The Adobe options are for a strike price of $500 and expiration date of Dec. 20, 2024. The filing indicates that four separate trades valued at $1,000 to $15,000 of Adobe options were made, <a href="https://www.quiverquant.com/congresstrading/politician/Tommy%20Tuberville-T000278">according </a>to Quiver Quant.
The Qualcomm options are for a strike price of $155 with an expiration date of Dec. 20, 2024. The transaction value of the trade was $15,000 to $50,000.
The Applied Materials options are for a strike price of $175 and an expiration date of Jan. 17, 2025. The transaction value of the trade was $1,000 to $15,000.
"BREAKING: Senator Tommy Tuberville is once again trading options," Unusual Whales <a href="https://twitter.com/unusual_whales/status/1780404471312396389">tweeted</a>. "He is literally trading companies which he legislates on, while having leveraged positions over them. Unusual."
The filing also showed the Alabama Republican once again bought shares of small biotech Humacyte Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>), with three transactions totaling amounts of $1,000 to $15,000; $1,000 to $15,000; and $15,000 to $50,000.
"BREAKING: Senator Tommy Tuberville has disclosed new purchase of Humacyte stock, $HUMA. It's a small biotech company that makes implantable human tissues. They've been testing their tech in Ukraine, treating combat injuries. Tuberville sits on the Armed Services Committee," Quiver Quant tweeted.
Congress Trades Create Conflict Of Interest Questions: <a href="https://www.benzinga.com/news/23/08/33880886/senators-perfect-timing-russian-war-linked-biotech-buy-raises-eyebrows-amid-trading-ban-debate">Benzinga previously shared</a> that trades involving Humacyte drew attention given the small-cap nature of the company and the fact that Tuberville serves on the Senate Armed Services Committee.
Humacyte collaborated with regulators, including the FDA in the U.S., to send its investigational HAV (Human Acellular Vessel) to Ukraine for humanitarian use.
The company said its HAV has been provided to hospitals in Ukraine and used to treat patients with critical injuries.
Tuberville has been <a href="https://www.benzinga.com/general/politics/24/03/37829749/senator-tommy-tubervilles-latest-2-stock-trades-attract-the-wrong-kind-of-attention-should-this-">flagged for unusual stock trading</a> in the past and remained one of the most active members of Congress buying and selling stocks and options.
A recent filing showed Tuberville buying stock in regional bank Southern States Bancshares Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSBK#NASDAQ">SSBK</a>). The CEO of the company is a donor to Tuberville's senate campaign.
A&nbsp;<a href="https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9#sen-tommy-tuberville-a-republican-from-alabama-2" target="_blank" rel="noreferrer noopener">report&nbsp;</a>from Business Insider said Tuberville was late in disclosing around 130 stock trades from January to May 2021.
A <a href="https://www.nytimes.com/interactive/2022/09/13/us/politics/congress-stock-trading-investigation.html" target="_blank" rel="noreferrer noopener">report </a>from the New York Times highlighted Tuberville bought or sold stock and options in 17 companies that had business in front of Senate committees on which he served.
Read More: <a href="https://www.benzinga.com/general/education/24/03/37549908/dartmouth-basketball-team-may-change-the-ncaa-forever-this-will-absolutely-kill-college-sports-">Dartmouth Basketball Team May Change The NCAA Forever: &#8216;This Will Absolutely Kill College Sports&#8217; Senator Says</a>
Tuberville&#8217;s Congress Trades: Tuberville is no stranger to <a href="https://www.benzinga.com/topic/tommy-tuberville">buying and selling stocks</a> while a member of Congress. The senator is one of the most active traders and buys and sells options sometimes, as per his disclosures.
The senator recently <a href="https://www.benzinga.com/gov-trades/members/tommy-tuberville">disclosed </a>several stock transactions, which included buying $15,000 to $50,000 in shares of Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) and buying $15,000 to $50,000 in shares of Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>).
Tuberville also disclosed selling shares of Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), CSX Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) and Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>).
Related Link: <a href="https://www.benzinga.com/general/politics/24/01/36459015/10-best-stock-traders-in-congress-in-2023-spoiler-nancy-pelosi-is-back-on-the-list">10 Best Stock Traders In Congress In 2023 (Spoiler: Nancy Pelosi Has Reentered The Chat)</a>
Photo: Shutterstock

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Tommy Tuberville Trades Raise Eyebrows Again: Senator Sells Put Options, Buys Small Biotech Linked To Ukraine-Russia War

Intrepid granted Bob Jornayvaz a temporary medical leave of absence, effective immediately, as he recovers from his previously announced injury.In connection with Mr. Jornayvaz&#39;s leave of absence, the Board has appointed Matt Preston, Intrepid&#39;s current Chief Financial Officer, as acting principal executive officer and announced that Intrepid&#39;s co-founder, Hugh Harvey, has been appointed as a Class III Director. The Board has also temporarily delegated all responsibilities of the Chairman of the Board to Barth Whitham, Intrepid&#39;s Lead Director.

Management

Intrepid Potash Reports Medical Leave Of Absence For Executive Chairman And CEO Bob Jornayvaz; Co-founder Hugh Harvey Rejoins Board

These new cranes will be in operation in remote areas of&nbsp;China&nbsp;including the desert and mountain terrain.&nbsp;In addition to SANY&#39;s STC5000 crane, Allison is also the propulsion solution provider for the company&#39;s SAC600E 60-ton crane.

Contracts

ALSN

Allison Transmission Expands Partnership With SANY To Offer Specialty Series Transmission For 500-Ton All-Terrain Crane

<h1 class="wp-block-heading">Top Stories for April 17, 2024:</h1>
<ol>
<li>During a visit to Pittsburgh, President Joe Biden plans to announce <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38292245/biden-to-announce-tariff-hikes-on-chinese-steel-aluminum-imports-another-hit-to-rea">new trade policies</a> aimed at boosting the U.S. steel sector by imposing a 25% tariff on certain Chinese steel and aluminum imports.</li>
</ol>
The move seeks to protect American manufacturing jobs from China&#8217;s "unfair" trade practices by more than tripling U.S. tariffs to 25% for some products and increasing others from 0% or 7.5%.
U.S. Trade Representative Katherine Tai will decide the final measures after reviewing current tariffs.&nbsp;
Although Chinese steel and aluminum make up a small part of the U.S. market ($1.7 billion), these policies strive to protect American manufacturers from a potential increase in imports and competitive pressures.
<ol start="2">
<li>Royal Gold Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) issued its 2024 guidance, forecasting sales volumes, depreciation and amortization expense (DD&amp;A) and tax rates.&nbsp;</li>
</ol>
The company expects to sell 215,000 to 230,000 ounces of gold, 3.2 to 3.8 million ounces of silver, 14 million to 16 million pounds of copper and other metals worth $17 million to $20 million.&nbsp;
DD&amp;A expenses are projected to be between $141 million to $157 million, with an effective tax rate of 17% to 22%.
Given commodity price volatility, the guidance aims to enhance transparency by focusing on physical sales and royalty revenues instead of revenue conversion to gold equivalent ounces.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38292100/freeport-mcmoran-vs-teck-resources-which-copper-stock-has-more-upside">Freeport-McMoRan Vs. Teck Resources — Which Copper Stock Has More Upside?</a>
<ol start="3">
<li>Vale&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) first-quarter performance featured a 15% year-over-year increase in iron ore sales at 63.8 metric tons, with production up 6% to 70.8 metric tons due to improved operations at S11D and other initiatives.&nbsp;</li>
</ol>
Pellet production rose 2% to 8.5 metric tons while copper output grew 22% to 81.9 kilotons, mainly from the Salobo 3 ramp-up.&nbsp;
However, nickel production fell 4% to 39.5 kilotons, primarily due to the Onça Puma furnace rebuild, though this was partly mitigated by better output in Canada and Indonesia.
<ol start="4">
<li>Compania de Minas Buenaventura (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>) announced first-quarter results with several production targets met or exceeded.&nbsp;</li>
</ol>
Tambomayo surpassed gold, lead and zinc projections due to mining in higher-grade areas, though silver production was lower.&nbsp;
Gold production at Orcopampa and Coimolache aligned with expectations, with Coimolache also facing delays from environmental permitting issues.&nbsp;
Julcani and Uchucchacua met their production targets for silver, lead and zinc, while Yumpag started silver processing earlier than anticipated after receiving operational permits.&nbsp;
El Brocal&#8217;s copper production was on target, with higher silver output and lower zinc grades. Its lead and zinc operations are under maintenance, aiming for an underground exploitation rate of 10,500 tons per day.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/news/rumors/24/04/38279955/barrick-misses-preliminary-gold-production-estimate-management-unfazed-by-risks-in-key-african-count">Barrick Misses Preliminary Gold Production Estimate, Management Unfazed By Risks In Key African Country</a>
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Photo: By Asiandelight via Shutterstock