Japan Pulp and Paper (OTC:JPPPF) Stock, Quote.Headers.trade-ideas

Japan Pulp and Paper Co Ltd engages in the manufacture, distribution, and sale of pulp, paper-related products, and plastic, among others. Also, the company is involved in real estate leasing and generation and sale of electricity.

JAPAN PULP & PAPER CO LTD by JAPAN PULP & PAPER CO LTD.

Japan Pulp and Paper Co Ltd

German automaker Audi delivered around 1.7 million vehicles worldwide last year, marking a drop of about 12%, allowing American EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to overtake it in global vehicle sales.
What Happened: Audi pinned the decline in overall deliveries to challenging economic conditions, a competitive market, and limited availability of parts.
Though the company launched new models, including all battery electric vehicles, in 2024, they are only gradually having an impact on global sales, the automaker said. The company witnessed a 21% decline in Germany, a 13% drop in North America, and an 11% drop in China.
Audi EV Sales: Out of its overall deliveries, over 164,000 were fully electric models, marking a decline of 8% as compared to 2023, the company said.
&#8220;Challenging economic conditions and the in transparency in terms of government incentive structures are currently causing a certain reluctance to buy affecting the entire industry, especially when it comes to fully electric vehicles," Marco Schubert, Board Member for Sales and Marketing, said in a statement.
Why It Matters: While a fall in EV sales managed to drag Audi&#8217;s overall deliveries lower, Tesla overtook it in global vehicle deliveries by delivering about 1.79 million vehicles in 2024. 
Tesla&#8217;s deliveries fell by about 1.1% in 2024 as compared to the 1,808,581 deliveries reported for 2023, marking its&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on" target="_blank" rel="noreferrer noopener">first fall in annual vehicle deliveries</a>. However, the company still managed to overtake its rival and legacy brand Audi. 
Tesla shared its achievement over Audi in a post on social media platform X and wrote, &#8220;Thank you to our owners around the world – you rock!&#8221;
<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">Thank you to our owners around the world – you rock! <a href="https://t.co/W8qXYYgadw">https://t.co/W8qXYYgadw</a>
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1878896039144706416?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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>

News

Tech

TSLA

Audi's Deliveries Drop 12% In 2024: Tesla Takes The Lead In Global Sales

Editor&#8217;s Note: This story has been updated to clarify that Ackman&#8217;s Pershing Square plans to increase its Howard Hughes Holdings stake by $1 billion.
Howard Hughes Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HHH#NYSE">HHH</a>) experienced an 11.01% increase in its stock price on Monday during pre-market hours, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>, after Bill Ackman&#8216;s Pershing Square declared that it is set to augment its stake in Howard Hughes Holdings by $1 billion.
The offer was made on Monday at $85 per share, according to Reuters. The proposal will allow the shareholders of Texas-based real estate developer, a long-standing investment for Pershing Square, to choose between receiving the full payment in cash or opting to &#8220;roll over&#8221; their shares into the post-merger entity, as stated in a letter from Pershing.
See Also: <a href="https://www.benzinga.com/25/01/42941939/nvidia-down-3-amd-falls-2-after-white-house-imposes-new-ai-chip-export-restrictions">Nvidia Down 3%, AMD Falls 2% After White House Imposes New AI Chip Export Restrictions</a>
"While we are pleased with the substantial business progress Howard Hughes Holdings has made over the more than 14 years since it went public, we, like other long-term shareholders and this board, have been displeased with the Company's stock price performance," wrote Ackman in a letter.
Howard Hughes Holdings, with a market capitalization of $3.6 billion, has not yet provided a comment on the offer, Reuters noted. The move by Ackman&#8217;s firm reflects its continued interest and investment in the real estate developer, which has been a part of its portfolio for an extended period.
Read Also: 
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<li><a href="https://www.benzinga.com/insights/short-sellers/25/01/42927106/looking-into-howard-hughes-holdingss-recent-short-interest">Looking Into Howard Hughes Holdings&#8217;s Recent Short Interest</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.
Image via Wikimedia Commons

Equities

Pre-Market Outlook

Markets

General

Real Estate

Howard Hughes Stock Jumps 11% Monday Pre-Market After Bill Ackman's Pershing Square Proposes $1B Stake Boost (CORRECTED)

<h3>Companies Reporting Before The Bell</h3>
<h3>Companies Reporting After The Bell</h3>
• Park Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKE#NYSE">PKE</a>) is projected to report earnings for its third quarter. 
• Valens Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLN#NYSE">VLN</a>) is projected to report earnings for its third quarter. 
• Jewett-Cameron Trading (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCTC#NASDAQ">JCTC</a>) is projected to report earnings for its first quarter. 
• Karooooo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $67.26 million. 
• Rocky Mountain Chocolate (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCF#NASDAQ">RMCF</a>) is expected to report earnings for its third quarter. 
• Calavo Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $161.93 million. 
• Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) is expected to report quarterly loss at $0.12 per share on revenue of $62.62 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

APLD

CVGW

JCTC

KARO

RMCF

Earnings Scheduled For January 14, 2025

Nvidia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), the artificial intelligence powerhouse led by Jensen Huang is pushing back against new semiconductor <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42958107/stocks-edge-down-ahead-of-key-inflation-reports-crude-hits-5-month-high-bitcoin-sinks-whats-driving-markets-monday">export regulations imposed</a> by President Joe Biden&#8216;s administration.
What Happened: The Commerce Department&#8217;s fresh 168-page rule aims to control the global flow of graphics processing units, a key area where Nvidia dominates with an estimated 90% market share. While the restrictions target national security, critics, including Nvidia, argue the move could stifle AI innovation.
Nvidia&#8217;s response, however, reflects concerns about the broader economic impact. &#8220;This rule threatens to derail innovation and economic growth worldwide,&#8221; said Nvidia's VP of government affairs, Ned Finkle, in a statement. The company has previously tailored products to meet regulatory changes, creating a less powerful chip for the Chinese market in 2022.
The regulations, unveiled on Monday, classify countries into three categories for GPU export controls. While 18 U.S. allies, including the UK and Japan, will have unrestricted access, the most advanced GPUs will be prohibited from reaching countries like China, Russia, and Iran. The remaining nations face caps on GPU exports, with larger orders requiring U.S. government approval.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42965795/tom-lee-forecasts-bitcoin-could-dip-to-50k-but-maintains-long-term-target-of-250k-amid-market-volatility">Tom Lee Forecasts Bitcoin Could Dip To $50K, But Maintains Long-Term Target Of $250K Amid Market Volatility</a>
Why It Matters: Experts remain divided on the potential consequences. Chris Miller, a semiconductor industry expert, suggests that while Nvidia may face reduced demand from certain countries, the high demand for its products could mitigate the impact, reported Business Insider <a href="https://www.businessinsider.com/new-us-chip-restrictions-nvidia-biden-trump-2025-1">on</a> Monday. 
Still, others argue the rule could push global AI infrastructure development toward U.S. firms, with the Middle East and other regions excluded from the free-flowing GPU access.
The Biden administration cites national security concerns, warning that advanced AI technology could fuel mass surveillance and weapon development. 
Supporters of the policy, including some Republicans, believe these controls are essential to counter China&#8217;s growing AI capabilities. The regulations, subject to a 120-day comment period, are expected to take effect under President-elect Donald Trump&#8216;s administration, raising questions about their long-term effectiveness. 
Price Action: Nvidia stock closed at $133.23 on Monday, down 1.97% for the day. In after-hours trading, the stock surged by 1.28%. Over the past year, Nvidia's stock has surged by 136.31%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Joe Biden Vs. Jensen Huang: What White House's New Chip Export Restrictions Mean For Nvidia That Has The AI Giant Up In Arms

Nokia optical network to connect TenneT North Sea offshore wind farms to boost renewable energy volumes
<ul>
<li>TenneT commissions eight Dutch 2GW grid connection systems representing a pioneering model in delivering offshore wind energy to land.</li>
<li>Nokia mission critical optical network technology to support long-distance transmission up to 300 km to connect offshore platforms to TenneT onshore telecommunications infrastructure.</li>
<li>Program highlights Europe's move from fossil fuels to a more secure and green energy suppl</li>
</ul>

TenneT Selects Nokia Optical Network To Connect Dutch Offshore Wind Farms To Onshore Energy Grid

MGNI

Magnite Selected As FIFA+ Global Programmatic Provider, Enhancing Advertising On Streaming And FAST Channel

SASR

Reported Earlier, Atlantic Union Bankshares And Sandy Spring Bancorp Secure Federal Reserve Approval For Merger

Cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) secured a partial victory against the Securities and Exchange Commission when a federal appeals court ruled the agency&#8217;s denial of crypto rulemaking was &#8220;arbitrary and capricious,&#8221; while stopping short of forcing new regulations.
What Happened: In a Monday opinion, the U.S. Court of Appeals for the Third Circuit criticized the SEC&#8217;s handling of Coinbase&#8217;s 2022 petition requesting clear rules for digital assets. 
The three-judge panel ordered the agency to better explain its rejection of the petition but declined to mandate immediate rulemaking proceedings.
Judge Thomas Ambro wrote that the SEC&#8217;s original denial lacked sufficient reasoning. In a separate concurrence, Judge Stephanos Bibas warned that &#8220;sporadically enforcing ill-fitting rules against crypto companies that are trying to follow the law&#8221; could effectively ban an entire industry.
The ruling comes amid broader tensions between the crypto industry and the SEC. The agency filed a separate enforcement action against Coinbase in June 2023, alleging it operated as an unregistered securities exchange. That case is currently under appeal in the Second Circuit.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962446/bitcoin-ethereum-xrp-dogecoin-reverse-red-monday-on-bullish-trump-news">Bitcoin, Ethereum, XRP, Dogecoin Reverse &#8216;Red Monday&#8217; On Bullish Trump News</a>
Why It Matters: The court noted it would only mandate agency rulemaking in cases of &#8220;extreme delay that endangers human lives,&#8221; not primarily economic concerns. The decision requires the SEC to provide a more detailed explanation for its rejection of Coinbase&#8217;s petition.
The ruling adds pressure on the SEC, which is currently pursuing several high-profile enforcement cases against crypto firms including Ripple Labs and Binance, while facing industry criticism over its regulatory approach to digital assets.
Price Action: Coinbase Global stock closed at $251.20 on Monday, down 2.93% for the day. After hours, the stock rose by 1.67%. Over the past year, Coinbase&#8217;s stock has surged by 87.63%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42965795/tom-lee-forecasts-bitcoin-could-dip-to-50k-but-maintains-long-term-target-of-250k-amid-market-volatility">Tom Lee Forecasts Bitcoin Could Dip To $50K But Maintains Long-Term Target Of $250K Amid Market Volatility</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

COIN

Coinbase Wins Partial Victory In SEC Regulatory Challenge, Court Calls Agency's Stance 'Arbitrary'

YOSH

Reported Earlier, Yoshiharu Secures Up To $11M In Flexible Financing For Expansion Efforts

Brussels is revisiting its scrutiny of major tech firms like&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and&nbsp;Alphabet Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>). This comes as U.S. companies urge President-elect Donald Trump to tackle what they perceive as overzealous EU enforcement. 
What Happened: The review could change the direction of these probes, which started under the EU&#8217;s digital markets regulations last March, the Financial Times <a href="https://www.ft.com/content/2c1b6bfd-ce73-451d-8123-0df964266ae8">reported</a> on Tuesday. 
The reassessment aligns with the European Commission&#8217;s new five-year term and Trump&#8217;s imminent return to the White House. A senior EU diplomat, aware of the review, highlighted the influence of tech leaders close to Trump, saying, "It's going to be a whole new ballgame."
While decisions and potential fines are on hold, technical work on cases continues. Some investigations are in the early stages, while others, like Google&#8217;s alleged app store favoritism, are more advanced. EU officials await political guidance to finalize decisions on cases involving Google, Apple, and Meta.
EU lawmakers urge the commission to resist U.S. pressure, while Silicon Valley anticipates lighter regulation under Trump. Meta CEO Mark Zuckerberg recently called on Trump to prevent EU fines, citing $30 billion in penalties over 20 years. The commission insists on effective rule enforcement, denying political delays.
Why It Matters: The ongoing tension between the EU and major tech companies is not new. Recently,&nbsp;Mark Zuckerberg<a href="https://www.benzinga.com/general/social-media/25/01/42891403/mark-zuckerberg-accuses-eu-of-censorship-spokesperson-pushes-back-on-metas-allegations-we-absolutely-refute-any-claims"> accused the EU of censorship</a>, a claim the European Commission firmly denied. This reflects the broader conflict over regulatory practices, with the EU maintaining that its regulations only require the removal of illegal content.
Furthermore, the EU&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/10/41380184/as-apple-microsoft-battle-eu-regulations-this-new-cybersecurity-rule-can-cost-companies-up-to-10m-if">NIS 2 cybersecurity directive</a>&nbsp;has added another layer of complexity. This directive mandates enhanced cybersecurity practices, with non-compliance potentially resulting in hefty fines. However, inconsistent enforcement across EU countries could lead to challenges in uniform application, complicating the regulatory landscape for tech giants.
Read Also:
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<li><a href="https://www.benzinga.com/news/earnings/25/01/42962366/kb-home-q4-earnings-revenue-beat-eps-beat-home-deliveries-up-17-net-orders-soar-and-more">KB Home Q4 Earnings: Revenue Beat, EPS Beat, Home Deliveries Up 17%, Net Orders Soar And More</a></li>
</ul>
Image via Shutterstock
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.

Global

AAPL

GOOG

GOOGL

EU Reconsiders Apple, Meta And Google Investigations Ahead Of Trump's Potential White House Return: 'It's Going To Be A Whole New Ballgame'

Analysis of Patient-Reported Outcomes From PATHFINDER Indicate Minimal Patient Distress Associated with Multi-Cancer Early Detection Testing

GRAL

Reported Earlier, GRAIL's Galleri Test Outcomes Published In Lancet Oncology, Showing Minimal Distress In Early Cancer Detection

AMZN

TDOC

Reported Earlier, Teladoc Health Expands Chronic Condition Program Enrollment Through Partnership With Amazon

Macro Economic Events

Econ #s

Economics

China New Loans For December 990.0B	Vs. 890.0B Est.; 580.0B Prior

Online retailer Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) said on Tuesday that it has ordered more than 200 new eActros 600 vehicles from Mercedes-Benz Trucks to deploy in Europe&nbsp;in a bid to <a href="https://www.benzinga.com/trading-ideas/24/12/42599673/amazon-has-20000-rivian-electric-delivery-vans-in-fleet-heres-what-could-be-next-for-both-companies">electrify its fleet.</a>
What Happened: The trucks will join Amazon&#8217;s transportation network later this year, the company said, while adding that they will be deployed across high-mileage routes in the UK and Germany. 
The trucks, it said, will transport trailers to and from Amazon&#8217;s fulfillment centers, sort centers, and delivery stations. They are expected to transport over 350 million packages every year once fully operational. 
&#8220;It is the biggest electric heavy truck order by Amazon to date anywhere in the world, and is an important step as we work to achieve our Climate Pledge commitment to reach net-zero carbon emissions across our operations by 2040,&#8221;&nbsp;Andreas Marschner, Vice President of Amazon Worldwide Operations Sustainability, said in a statement. 
Mercedes Benz Trucks is part of the Daimler Trucks division (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTGHF#OTC">DTGHF</a>).
Why It Matters: The eActros 600 is a long-haul electric truck from Mercedes Benz Trucks manufactured at its plant in Wörth, Germany. It offers an installed battery capacity of over 600 kilowatt hours and a range of 500 kilometers. 
Amazon said on Tuesday that it will install 360 kW electric charging points at key sites to ensure there are no hurdles to charging these trucks while also working with stakeholders to support the installation of external charging points in suitable locations. 
Amazon is investing more than a billion euros in the coming years to electrify its transportation network across Europe. In May, the company deployed <a href="https://www.benzinga.com/news/24/05/38707668/amazon-advances-towards-zero-emissions-with-new-electric-trucks">50 electric heavy trucks in California</a> as well. 
<em style="color: rgb(45, 45, 45); font-family: &quot;Helvetica Neue&quot;, Helvetica, OpenSans, Arial, sans-serif; font-size: 17.6px; white-space-collapse: collapse; box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; color: rgb(44, 162, 209); text-decoration: inherit;" href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
Photo courtesy: Shutterstock

DTGHF

Amazon Orders Over 200 Electric Heavy Trucks From Daimler For Deploying In Europe

Eisai Co., Ltd. (Headquarters: Tokyo, CEO: Haruo Naito, "Eisai") and Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>, Corporate headquarters: Cambridge, Massachusetts, CEO: Christopher A. Viehbacher, "Biogen"))) announced today that the U.S. Food and Drug Administration (FDA) has accepted Eisai's Biologics License Application (BLA) for lecanemab-irmb (U.S. brand name: LEQEMBI&#xAE;) subcutaneous autoinjector (SC-AI) for weekly maintenance dosing. LEQEMBI is indicated for the treatment of Alzheimer's disease (AD) in patients with Mild Cognitive Impairment (MCI) or mild dementia stage of disease (collectively referred to as early AD). A Prescription Drug User Fee Act (PDUFA) action date is set for August 31, 2025.

BIIB

ESAIY

Reported Earlier, Eisai And Biogen Announced FDA Acceptance Of LEQEMBI BLA For Weekly Subcutaneous Dosing To Treat Early Alzheimer's Disease

<ul>
<li>2024 preliminary unaudited revenue in the range of approximately $1.355 billion - $1.357 billion, up approximately 7.7% - 7.9% year-over-year</li>
<li>2024 preliminary constant currency revenue&#x2A; increased in the range of approximately 8.4% - 8.6% year over year</li>
<li>2024 financial results and 2025 guidance to be released February 25, 2025</li>
</ul>

MMSI

Reported Earlier, Merit Medical Announces Preliminary 2024 Revenue Of $1.355B–$1.357B, A Rise Of 7.7%–7.9% YoY

A dozen financial firms, including industry leaders Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) and KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), have reached a settlement with the Securities and Exchange Commission (SEC) over recordkeeping violations. The settlement, totaling $63.1 million, addresses allegations of improper communication practices.
What Happened: The SEC accused these firms of utilizing unauthorized communication methods, referred to as off-channel communications, to exchange messages that were required to be preserved under securities laws. These recordkeeping lapses reportedly involved personnel at various levels, including supervisors and senior managers, The Wall Street Journal <a href="https://www.wsj.com/articles/sec-reaches-63-million-settlement-with-12-firms-over-recordkeeping-9805d111">reported</a> on Tuesday.
As part of the settlement, Blackstone will pay $12 million, while KKR will contribute $11 million. 
A spokesperson for Blackstone expressed satisfaction with the resolution, stating, &#8220;We have already taken significant steps to further strengthen our electronic communications procedures—including before the start of this inquiry—and are committed to the highest standard of compliance.&#8221; 
Why It Matters: This settlement follows a similar action by the SEC last year, where major rating agencies, including Moody&#8217;s Corp., S&amp;P Global, and Fitch Ratings, were fined over $49 million for <a href="https://www.benzinga.com/government/24/09/40704761/moodys-s-p-global-fitch-among-major-rating-agencies-hit-with-49m-sec-fine-over-record-keeping-failur">comparable recordkeeping failures</a>. The SEC&#8217;s actions underscore its ongoing efforts to enforce compliance with federal securities laws, particularly concerning the preservation of electronic communications. 
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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.
Image via Shutterstock

Blackstone, KKR Among 12 Firms To Pay $63 Million To SEC After Recordkeeping Violations

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<li>Independent Data Safety Monitoring Board (DSMB) recommends study to proceed without modifications based on initial safety assessment of 400 participant 30-day data</li>
<li>The company plans to progress the trial to enrollment of 10,000 participants, upon favorable review from the U.S. Food and Drug Administration (FDA) and upon Biomedical Advanced Research and Development Authority (BARDA) approval</li>
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Reported Earlier, Vaxart's Phase 2b COVID-19 Trial Receives DSMB Green Light, Expanding Testing To 10,000 Participants

On Monday, Cathie Wood-led Ark Invest made significant trades in five major companies: Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>), CareDx Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>), Veracyte Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>), Adaptive Biotechnologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>).
The PLTR Trade
Ark Invest&#8217;s Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) fund sold 140,518 shares of Palantir. This move is significant, considering Ark Invest&#8217;s&nbsp;<a href="https://www.benzinga.com/25/01/42865484/cathie-woods-tuesday-double-dump-ark-invest-trims-both-palantir-and-bitcoin-etf-holdings">recent trend of offloading Palantir shares</a>.
The total value of this trade, based on the latest closing price of $64.98, is approximately $9.1 million.
This sale follows Ark&#8217;s disposal of shares worth roughly $15 million the previous week.
Palantir stock price has fallen more than 14% over the past month. In just the first two weeks of 2025, the stock has declined nearly 15%.
The TEM Trade
Ark Invest&#8217;s ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARKK funds made substantial purchases of Tempus AI Inc. shares. The ARKG fund bought 98,691 shares, while the ARKK fund purchased a whopping 280,192 shares.
Given the latest closing price of $32.34, the total value of these trades amounts to approximately $12.2 million.
This move comes amid TEM&#8217;s 13.81% drop on Monday.
Other Key Trades:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>ETF</td>
<td>Transaction</td>
<td>No. Of Shares</td>
<td>Closing price</td>
<td>Approx. Value</td>
</tr>
<tr>
<td>Veracyte Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>)</td>
<td>ARK Genomic Revolution</td>
<td>Sale</td>
<td>37,358</td>
<td>$42.78</td>
<td>$1.6 million</td>
</tr>
<tr>
<td>Adaptive Biotechnologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>)</td>
<td>ARK Genomic Revolution</td>
<td>Sale</td>
<td>76,522</td>
<td>$6.46</td>
<td>$494,332</td>
</tr>
<tr>
<td>CareDx Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>)</td>
<td>ARK Genomic Revolution</td>
<td>Sale</td>
<td>65,550</td>
<td>$25.07</td>
<td>$1.6 million</td>
</tr>
</tbody>
</table>
</figure>
Closing price as of Jan. 13, 2025
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Image via Benzinga YouTube and Unsplash
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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

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ARKG

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CDNA

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Cathie Wood's Ark Invest Trims Palantir Again As Peter Thiel Co-Founded Firm's Stock Tumbles Nearly 15% In 2025

Aims to leverage cloud computing and generative AI, and to help reduce data center carbon footprints

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