Latest news for  (OTC:JJUFF) Stock

HC Wainwright &amp; Co. analyst Robert Burns reiterates Relay Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) with a Buy and maintains $19 price target.

News

Price Target

Reiteration

Analyst Ratings

RLAY

HC Wainwright & Co. Reiterates Buy on Relay Therapeutics, Maintains $19 Price Target

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Milestone Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIST#NASDAQ">MIST</a>) with a Buy and maintains $25 price target.

MIST

HC Wainwright & Co. Reiterates Buy on Milestone Pharmaceuticals, Maintains $25 Price Target

Simultaneously, Redwire has started spacecraft integration for two other ESA satellite missions, the Atmospheric Limb Tracker for Investigation of the Upcoming Stratosphere (ALTIUS) and one of the In-Orbit Demonstration and Verification (Horizon 2020 IOD/IOV) satellites, funded by the European Union, at its state-of-the-art facility in Kruibeke, Belgium.

Redwire Says Finalizing Integration And Preparing For Delivery Of Two Satellites For European Space Agency's Proba-3 Mission Later In Q4 Of This Year

Guidance

ENLT

Enlight Renewable Energy Completes COD Of Its Solar And Storage Cluster In Israel; Expects Cluster To Generate Revenue Of $34M-36M And EBITDA Of $24M-26M In First Full Operating Year

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates Alkermes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKS#NASDAQ">ALKS</a>) with a Neutral and maintains $37 price target.

ALKS

HC Wainwright & Co. Reiterates Neutral on Alkermes, Maintains $37 Price Target

Highwoods Properties Says Its Buildings Have Not Sustained Any Notable Damage From Hurricane Milton

Wedbush analyst Nick Setyan reiterates Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) with a Outperform and maintains $45 price target.

BROS

Wedbush Reiterates Outperform on Dutch Bros, Maintains $45 Price Target

The overall incidence and severity of treatment-emergent adverse events across both trials were similar in patients treated with either depemokimab or placebo. Further analysis of these data is ongoing. The full results of ANCHOR-1 and ANCHOR-2 will be presented at an upcoming scientific congress.
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Biotech

Large Cap

Health Care

General

GSK Says Headline Results From Phase 3 Trials ANCHOR-1 And ANCHOR-2 Of Depemokimab Versus Placebo Chronic Rhinosinusitis With Nasal Polyps Met Their Co-primary Endpoints

Contracts

AIRE

reAlpha Says Subsidiary AiChat  Partnered With M1 Limited To Launch WhatsApp Pay As Part Of Its Social Commerce Strategy In Singapore

William Blair analyst Jake Roberge upgrades Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) from Market Perform to Outperform.

Upgrades

ESTC

William Blair Upgrades Elastic to Outperform

Under the terms of the contract, KBR will provide engineering and procurement services for Shell&#39;s Manatee project located in the East Coast Marine Area of&nbsp;Trinidad and Tobago. The Manatee gas field supports global energy security and natural gas production, providing gas&nbsp;for the country&#39;s Atlantic LNG&nbsp;facility.&nbsp;

KBR Secures Engineering And Procurement Services Contract For Beachfield Manatee Upgrade, The Onshore Portion Of Manatee Gas Field Project; No Terms Disclosed

SpaceX CEO Elon Musk on Sunday said that he would file a suit against the California Coastal Commission following reports that it rejected the Air Force&#8217;s plan to give SpaceX permission to launch up to 50 rockets a year from Vandenberg Air Force Base citing his political comments on social media platform X.
What Happened: &#8220;What I post on this platform has nothing to do with a "coastal commission" in California! Filing suit against them on Monday for violating the First Amendment,&#8221; Musk said on Sunday in a post on social media platform X. The CEO later clarified that he would file a lawsuit on Tuesday given the court is closed on Monday. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x2A;Tuesday, since court is closed on Monday
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1845341903539032242?ref_src=twsrc%5Etfw">October 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Musk&#8217;s reaction comes on the heels of a <a href="https://www.politico.com/news/2024/10/10/california-reject-musk-spacex-00183371">report</a> from Politico that the California Coastal Commission rejected the Air Force&#8217;s proposal to allow SpaceX to launch up to 50 rockets a year from Vandenberg Air Force Base citing Musk&#8217;s political comments on X. 
"Elon Musk is hopping about the country, spewing and tweeting political falsehoods and attacking FEMA (Federal Emergency Management Agency) while claiming his desire to help the hurricane victims with free Starlink access to the internet," Commissioner Gretchen Newsom reportedly said at a meeting in San Diego on Thursday. 
The commissioners also raised concerns about SpaceX&#8217;s launches being considered military activity even if they carry no military payloads, the report said. 
SpaceX currently has permission to launch 36 times a year from Vandenberg. 
The Air Force and the California Coastal Commission did not immediately respond to Benzinga&#8216;s request for comment. 
Why It Matters: SpaceX is looking to launch 144 times through the end of the year. For the entirety of last year, SpaceX only completed 96 launches, not including two test flights of the company&#8217;s Starship launch vehicle. 
It has <a href="https://www.benzinga.com/news/24/07/39612042/elon-musks-spacex-launches-67-missions-in-first-half-of-2024-trailing-own-targets" target="_blank" rel="noreferrer noopener">completed 67 missions</a> using its Falcon launch vehicles this year as of the end of the second quarter, with its Falcon 9 workhorse alone accounting for 66 launches and Starlink missions accounting for a major chunk of it. The company now needs to accelerate launches to meet its own launch goals for the year.
SpaceX did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
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/24/10/41308588/tesla-superchargers-increase-on-the-road-to-spacexs-starbase-despite-global-slowdown-in-deployment">Tesla Superchargers Increase On The Road To SpaceX&#8217;s Starbase Despite Global Slowdown In Deployment</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

Politics

Tech

Elon Musk Threatens To Sue California Coastal Commission After It Rejects Proposal For SpaceX Launches From Vandenberg Air Force Base Citing His Political Comments On X

Asset Sales

CTLT

Catalent Agrees To Sell Its Oral Solids Development And Small-Scale Manufacturing Facility In Somerset, NJ; Financial Details Not Disclosed

Amid rising geopolitical tensions, energy markets are on edge as experts warn of potential disruptions. An Israeli military action targeting Iranian oil facilities could significantly impact global oil prices, according to industry analysts.
What Happened: John Driscoll, chief strategist at JTD Energy Services, highlighted the potential impact of an Israeli attack on Iranian oil facilities. Driscoll noted that such an event could significantly influence oil prices, drawing parallels to past incidents like the 2019 drone attacks on Saudi Arabian oil fields, according to <a href="https://www.cnbc.com/video/2024/10/14/israel-attack-on-iran-oil-bases-would-have-dramatic-effect-strategist.html">CNBC</a> on Monday.
Driscoll explained that while Iran&#8217;s oil production is around 2.5 to 3 million barrels per day, its exports are considerably lower due to sanctions. A disruption in Iranian exports, even by half a million barrels per day, could lead to a substantial price increase. He emphasized that Iran, though not as pivotal as Saudi Arabia or Abu Dhabi, still plays a role that could unsettle the market.
&#8220;While Iran is not as critical a player as say the Saudis or Abu Dhabi or Kuwait, you know still this is going to have a dramatic effect. It&#8217;s going to rattle the nerves of the oil markets,&#8221; Driscoll said.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41289653/tesla-stock-poised-to-pullback-to-1-month-low-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Stock Poised To Pullback To 1-Month Low: What&#8217;s Going On?</a>
The strategist remarked that traders thrive on market volatility, and such geopolitical tensions could provide them with lucrative opportunities. Driscoll warned that the oil market should brace for a turbulent period in the coming weeks, as any military action could create significant fluctuations in oil prices.
Why It Matters: The potential for an Israeli strike on Iranian oil facilities comes amid heightened tensions in the region. Earlier this month, President Joe Biden confirmed that the<a href="https://www.benzinga.com/government/24/10/41172781/oil-prices-rally-biden-confirms-us-discussions-with-israel-about-striking-iran-facilities"> U.S. had discussions with Israel </a>about targeting Iran&#8217;s oil infrastructure, causing oil prices to surge by over 5%. Although Biden appeared hesitant about the idea, the mere possibility has already influenced market dynamics.
Additionally, the U.S. recently imposed new sanctions on Iran&#8217;s petroleum and petrochemical sectors following Iran&#8217;s attacks on Israel, aiming to cut off revenue streams that <a href="https://www.benzinga.com/government/24/10/41298349/us-hits-iran-oil-exports-with-new-sanctions-after-israel-attack-crude-oil-holds-steady-at-75">fund destabilizing activities</a> in the Middle East. These developments underscore the fragile state of the oil market, where geopolitical events can lead to significant price volatility.
Price Action: On Monday, during the pre-market hours, oil ETFs were showing mixed activity as per <a href="https://pro.benzinga.com">Benzinga Pro</a>. United States Oil Fund, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) was down by 2.37% while ProShares UltraShort Bloomberg Crude Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCO#NYSE">SCO</a>) was up by 4.40%. Meanwhile, ProShares Ultra Bloomberg Crude Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCO#NYSE">UCO</a>) was trading 4.29% lower. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41303639/donald-trump-says-his-crypto-project-world-liberty-financial-will-start-selling-tokens-on-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Says His Crypto Project World Liberty Financial Will Start Selling Tokens On Tuesday</a></li>
</ul>
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.
Photo by Hamara via Shutterstock

Analyst Color

Commodities

Markets

Israel's Attack On Iran Would 'Rattle The Nerves Of Oil Market,' Says Expert

JMP Securities analyst Andrew Boone downgrades Duolingo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) from Market Outperform to Market Perform.

Downgrades

DUOL

JMP Securities Downgrades Duolingo to Market Perform

TD Cowen analyst Jason Seidl downgrades Expeditors Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>) from Hold to Sell and lowers the price target from $112 to $106.

EXPD

TD Cowen Downgrades Expeditors Intl to Sell, Lowers Price Target to $106

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has terminated its self-driving vehicle testing permit in California. The decision follows the company&#8217;s <a href="https://www.benzinga.com/24/03/37577193/apples-now-defunct-cars-design-evolution-shows-it-would-have-wowed-consumers-says-gurman-shame-these">earlier abandonment</a> of its electric vehicle project.
What Happened: The California Department of Motor Vehicles (DMV) confirmed that Apple requested the cancellation on Sept. 25, with the permit officially ending on Sept. 27, according <a href="https://macreports.com/apple-officially-cancels-autonomous-vehicles-program-manufacturers-testing-permit/">to</a> macReports.
This move aligns with previous reports by Bloomberg&#8217;s Mark Gurman, indicating Apple&#8217;s retreat from the electric vehicle market after a decade-long effort.
Apple&#8217;s permit, granted in 2017, allowed the testing of autonomous vehicles with safety drivers on public roads. The permit was initially set to remain valid until April 2025.
The company had been utilizing leased Lexus SUVs, outfitted with sensors and cameras, to experiment with self-driving technology on California streets.
See Also: <a href="https://www.benzinga.com/news/24/10/41287433/how-to-make-calls-faster-using-this-ios-18-feature-on-your-iphone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Make Calls Faster Using This iOS 18 Feature On Your iPhone</a>
This cancellation marks a significant shift in Apple&#8217;s strategy, effectively closing the chapter on its autonomous vehicle ambitions.
The decision comes just days before Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) unveiled its Robotaxi, highlighting the competitive landscape in autonomous vehicle development.
Why It Matters: Apple&#8217;s <a href="https://www.benzinga.com/24/03/37577193/apples-now-defunct-cars-design-evolution-shows-it-would-have-wowed-consumers-says-gurman-shame-these">decision to end its self-driving car testing</a> in California is a major development in the tech and automotive industries. The project, known as &#8220;Titan,&#8221; was initiated in 2014 with the ambition of revolutionizing the car industry.
Despite <a href="https://www.benzinga.com/news/24/03/37528093/apple-poured-1b-a-year-into-car-project-concocted-by-steve-jobs-for-a-decade-before-realizing-it-nee">investing $1 billion annually</a>, the project faced numerous challenges, including leadership indecision and technical hurdles, ultimately leading to its cancellation in February.
Meanwhile, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is forging ahead with its autonomous vehicle ambitions. The company <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">recently unveiled</a> a two-seater robotaxi, the Cybercab.
Tesla CEO Elon Musk has <a href="https://www.benzinga.com/news/24/10/41288103/elon-musks-fully-autonomous-driving-dreams-now-scheduled-for-2025-but-regulatory-hurdles-stand-in-th">expressed confidence</a> in deploying full self-driving technology by 2025, although regulatory hurdles remain a significant challenge.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41301820/tesla-ceo-elon-musk-defends-his-time-based-predictions-amidst-delays-very-rare-that-a-prediction-i-m">Tesla CEO Elon Musk Defends His Time-Based Predictions Amidst Delays: &#8216;Very Rare That A Prediction I Make Does Not Come True Over Time&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock and Flickr

AAPL

TSLA

Apple Poured $1B A Year Into Its Car Project Before Abandoning It. Tim Cook's Company Now Pulls Plug On Autonomous Vehicle Testing Permit In California: Here's More

TD Cowen analyst Jason Seidl downgrades ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) from Buy to Hold and lowers the price target from $131 to $114.

ARCB

TD Cowen Downgrades ArcBest to Hold, Lowers Price Target to $114

In an episode of the Bg2 Pod, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang lauded OpenAI as one of the most influential companies of today&#8217;s era.
What Happened: The podcast, aired on Sunday, featured a conversation&nbsp;between Altimeter Capital's CEO Brad&nbsp;Gerstner, partner Clark Tang, and Huang.
During the discussion, Huang expressed his admiration for OpenAI, which despite several high-profile departures, <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">raised $6.6 billion at a $157 billion valuation</a>.
Gerstner highlighted Sam Altman-led OpenAI&#8217;s impressive growth, noting that the company is expected to generate $5 billion in revenue this year, potentially doubling to $10 billion next year.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41282666/what-happened-with-amd-stock-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What Happened With AMD Stock Today?</a>
He compared OpenAI&#8217;s current status to Alphabet Inc.&#8217;s Google <a href="https://www.benzinga.com/general/education/23/02/30715582/if-you-invested-1-000-in-google-stock-at-ipo-heres-how-much-youd-have-now">at the time of its IPO</a>, stating that OpenAI has twice the revenue and twice the number of weekly average users that the tech behemoth had at the time.
Huang praised OpenAI&#8217;s &#8220;singular purpose of advancing this [AI]&nbsp;field,&#8221; stating that the company&#8217;s rapid progress and impact on various industries make it a highly consequential player in the tech world.
He said that AI is transforming business in tangible ways, affecting every industry, company, and university, and this &#8220;awakening of AI&#8221; was triggered by ChatGPT.
&#8220;I love their [OpenAI] velocity and their singular purpose of advancing this field and so really consequential company,&#8221; he concluded.
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: Previously, it was reported that OpenAI is shifting from a <a href="https://www.benzinga.com/news/24/09/41038183/openais-restructure-from-non-profit-to-potential-150b-for-profit-sam-altman-could-get-equity">nonprofit to a for-profit organization</a>, a change strongly backed by many investors in the current funding round.
The transition is anticipated to be a complex undertaking for the company. If it is not finalized within two years, investors in this round will have the option to request a return on their investments.
OpenAI&#8217;s funding round was led by Thrive Capital and included notable venture capital investors including Nvidia, Microsoft, Softbank, Khosla Ventures, Altimeter Capital, and Fidelity.
Meanwhile, Apple reportedly ended up pulling out of <a href="https://www.benzinga.com/news/24/09/41078582/tim-cook-led-apple-reportedly-abandons-openai-funding-round-discussions-but-nvidia-and-microsoft-cou">discussions at the last minute</a>.
Earlier it was also reported that OpenAI plans to more than <a href="https://www.benzinga.com/news/24/09/41078513/openai-plans-to-more-than-double-chatgpt-price-over-next-5-years-report">double the price of ChatGPT</a> over the next five years.
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Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41301420/end-of-an-era-apples-16-year-old-accessory-is-out-of-stock-worldwide?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">End Of An Era? Apple&#8217;s 16-Year-Old Accessory Is Out Of Stock Worldwide</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

NVDA

Nvidia's Jensen Huang Says ChatGPT Led To 'Awakening Of AI,' Praises Sam Altman's OpenAI As One Of Most Consequential Companies Of Our Time

TD Cowen analyst Ryan Langston initiates coverage on Astrana Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTH#NASDAQ">ASTH</a>) with a Buy rating and announces Price Target of $66.

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