Luokung Technology Stock (NASDAQ:LKCO), Trade Ideas

Luokung Technology

Luokung Technology Corp is a mobile service and technology provider for the long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific, and social services.

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Shares of  The Container Store Group, Inc. (NYSE: TCS) shares fell sharply during Wednesday’s session following weak quarterly results.

Why Container Store Group Shares Are Trading Lower By Around 23%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining around 75 points on Wednesday.

The Dow traded up 0.23% to 32,635.71 while the NASDAQ rose 0.65% to 11,932.62. The S&amp;P 500, also rose, gaining, 0.34% to 4,016.52.

Dow Rises 75 Points; Fed Increases Rates By 25bps

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	Maxpro Capital Acquisition Corp. (NASDAQ: JMAC) shares jumped 69.6% to $15.01 after dropping 24% on Tuesday.


Why Edible Garden Shares Are Trading Lower By Over 26%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Luokung Technology Corp - Ordinary Shares

Luokung Technology Corp

As the first of Donald Trump&#8217;s <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">four criminal trials began in New York this week,</a> his niece, Mary Trump, a clinical psychologist, on Tuesday, weighed in on what he would be going through and his likely reactions amid the legal challenges.
Trump&#8217;s Unique Situation: The trial taking place in &#8220;Room 1530 in the Manhattan Criminal Court&#8221; will have a massive and complicated impact on the country&#8217;s future, said Mary Trump, referring to her uncle&#8217;s hush-money case. &#8220;The reality is, the future of the country is, to a significant degree, tied to the future of Donald Trump,&#8221; she said.
Donald Trump will likely be stuck in that New York City courtroom for at least four days a week and eight hours a day and will not be free to come and go as he pleases, Mary Trump, a podcaster, said. Even if he wants to attend oral arguments at the Supreme Court, where his presidential immunity claim is being discussed, he has to seek permission, she added.
&#8220;We're going to be seeing Donald Trump in a unique context for which he is totally unprepared,&#8221; Mary Trump said. Unlike at a rally or at a press conference, where he controls the room and determines the narrative, in a courtroom, he can&#8217;t speak out of turn, she said. 
&#8220;He will be seen to be rude, weak, and incapable of controlling himself when bound by the same rules to which the rest of us must conform,&#8221; Mary Trump said.
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">&#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>
Testifying In Own&#8217;s Defense: Mary Trump also raised the possibility of Donald Trump testifying in his own defense due to his belief in his ability to bend things his way and that everything is at stake in the trial. She, however, said it &#8220;would be absolutely devastating&#8221; for him.
A criminal defendant is allowed to testify in their own defense in a criminal trial, although most do not do so as the &#8220;risk of what could come out on cross-examination outweighs any benefit that could be gained from hearing directly from the defendant,&#8221; <a href="https://www.criminallawyerofannarbor.com/should-you-testify-in-your-criminal-case/#:~:text=A%20criminal%20defendant%20is%20allowed,your%20lawyer%20present%20your%20case.">according</a> to Elmen Legal.
Giving her rationale, Mary Trump said her uncle may have to sit there and take it for weeks on end. &#8220;This is not going to sit well with him,&#8221; she said.
If he isn&#8217;t going to testify, he would play the victim by claiming the &#8220;system is so corrupt, that it&#8217;s so unfair to him, that if he did testify, his words would be twisted, and in the end, it would be unfair,&#8221; she added.
Lonely Crusader: Mary Trump also weighed in on why none of Donald Trump&#8217;s family was in the courtroom to support him. She noted that <a href="https://www.benzinga.com/news/24/03/37681395/melania-trump-chooses-barron-over-husbands-2024-presidential-campaign-she-dislikes-a-petting-zoo">Melania Trump apparently thinks it&#8217;s &#8220;Donald&#8217;s problem&#8221;</a> not hers and his adult children haven&#8217;t given reason.
This showed how isolated the ex-president was and in the grand scheme of things, he was &#8220;utterly alone,&#8221; Mary Trump said.
&#8220;Being in a courtroom day after day is extraordinarily draining for the criminal defendant, and to face it with no emotional support could be potentially debilitating,&#8221; she said.
&#8220;Donald has never faced the constellation of horrors he's currently experiencing, so there's no way of knowing the impact it's all going to have on him, but on some very deep level, he's been dreading this for decades — and the time has finally come,&#8221; Mary Trump said.
Read Next: <a href="https://www.benzinga.com/best-penny-stocks">Best Penny Stocks</a>
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Politics

Legal

Media

Trump's Niece Says Ex-President Has Never Faced 'Constellation Of Horrors He's Currently Experiencing' Amid Stack Of Criminal Trials: 'Not Going To Sit Well With Him'

Management

Phoenix Motor Appointed Michael Yung As Chief Financial Officer, Effective April 17

The Company intends to use the net proceeds from the offering for general corporate purposes and continued acceleration of strategic growth initiatives, including, but not limited to, acquisitions or business expansion, commercialization of intellectual property given expanded environmental regulations, research and development, software development, capital expenditures, working capital and the repayment of debt.

Reported Earlier, Montrose Environmental Prices Public Offering Of 3M Common Shares At $37.15/Share

Chinese tech giant Huawei Technologies Co. has launched its latest series of smartphones, the Pura 70, in a move to further challenge Tim Cook&#8217;s Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in the high-end segment of the Chinese market <a href="https://www.benzinga.com/news/24/04/38241349/apples-iphone-shipments-dip-10-while-overall-market-grows-7-8-samsung-reclaims-top-spot">amid falling iPhone sales</a>.
What Happened: Huawei unveiled the Pura 70 series on Thursday, with prices starting at $760 and going up to $1,380 for the Ultra edition, <a href="https://www.bloomberg.com/news/articles/2024-04-18/huawei-unveils-new-phone-lineup-to-ramp-up-the-pressure-on-apple">reported</a> Bloomberg. The Ultra model features a retractable camera with an adjustable aperture, a feature uncommon in consumer phones.
The Pura series is a continuation of <a href="https://www.benzinga.com/news/23/10/35464968/huaweis-smartphone-resurgence-puts-pressure-on-apple-in-chinese-market">Huawei&#8217;s resurgence</a>, which began with the 2023 release of the Mate 60 series. The Mate 60, powered by a Kirin 9000 processor, played a significant role in the decline of iPhone sales in China, helping Huawei outpace its domestic competitors.
See Also: <a href="https://www.benzinga.com/news/24/04/38288858/elon-musk-says-bring-it-on-after-russian-space-chief-touts-amur-rocket-says-it-can-be-reused-up-to-5?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says &#8216;Bring It On&#8217; After Russian Space Chief Touts Amur Rocket, Says It Can Be Reused Up To 5X More Than SpaceX's Falcon 9</a>
The Pura series, formerly known as the P series, has historically been popular for its camera capabilities. This new release is expected to further intensify the competition with Apple, which is not due for an upgrade until September.
Even then, Apple's <a href="https://www.benzinga.com/topic/iphone-16">iPhone 16</a> launch in September is <a href="https://www.benzinga.com/news/24/01/36840052/huawei-sets-up-a-rematch-with-apple-mate-70-series-to-launch-in-september-to-take-on-iphone-16">expected to be countered</a> by Huawei with its Mate 70 series.
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: Apple has been facing challenges in the Chinese market, with a significant decline in iPhone sales. This has raised concerns about the company&#8217;s future in the region, as highlighted by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38039668/apple-at-some-risk-of-first-revenue-drop-in-a-decade-says-analyst-iphone-unit-shipm">analysts</a> warning of a potential revenue in the calendar year 2024.
"Mad Money" host <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37957183/jim-cramer-says-owning-apple-will-hurt-right-now-as-iphones-sales-slide-30-in-china'">Jim Cramer </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37957183/jim-cramer-says-owning-apple-will-hurt-right-now-as-iphones-sales-slide-30-in-china'">thinks</a> owning the Apple stock "will hurt right now" after iPhone sales in China fell 33% year-on-year in February.
Despite these challenges, some analysts, such as Dan Ives from Wedbush, remain optimistic about <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38203000/seeds-for-apples-turnaround-in-china-are-being-planted-says-wedbushs-dan-ives-some-">Apple&#8217;s future in China</a>, suggesting that the company&#8217;s fortunes could soon turn around.
However, Huawei&#8217;s latest move with the Pura 70 series could further disrupt Apple&#8217;s position in the Chinese market, adding to the challenges the tech giant is already facing. This development could have a significant impact on Apple&#8217;s future in China, a key market for the company.
Price Action:&nbsp;Apple stock closed 0.81% down at $168 on Wednesday, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Check out more of Benzinga&#8217;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: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38248780/apple-bull-dan-ives-says-robust-tech-earnings-season-ahead-not-the-time-to-run-time?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Bull Dan Ives Says &#8216;Robust&#8217; Tech Earnings Season Ahead: &#8216;Not The Time To Run&#8230;Time To Own The Winners'</a>
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.
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Equities

Tech

AAPL

Apple's Falling iPhone Sales Have Another Challenge To Deal With As Huawei Launches New Phones

Ibotta&nbsp;prices&nbsp;its initial public offering of 6,560,700 shares of its Class A common stock, 2,500,000 of which are being sold by Ibotta and 4,060,700 of which are being sold by certain selling stockholders, at a public offering price of&nbsp;$88.00&nbsp;per share. In connection with the offering, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 984,105 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. Ibotta will not receive any proceeds from the sale of the shares by the selling stockholders.
The shares are expected to begin trading on the New York Stock Exchange on April 18, 2024, under the symbol &quot;IBTA.&quot; The offering is expected to close on April 22, 2024, subject to customary closing conditions.

IPOs

IBTA

Reported Earlier, Ibotta Prices Initial Public Offering 6,560,700 Class A Common Stock At $88/Share

EV giant&nbsp;Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has reportedly resumed deliveries of its stainless steel Cybertruck&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38278972/tesla-stock-falls-as-cybertruck-faces-unexpected-delays" rel="noreferrer noopener">after halting them briefly</a>.
What Happened:&nbsp;According to social media posts from Tesla enthusiasts, some Cybertruck customers were the first to flag the resumption of deliveries.&nbsp;
Tesla CEO&nbsp;Elon Musk&nbsp;later confirmed the news.
&#8220;There were no injuries or accidents because of this. We are just being very cautious,&#8221; Musk said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There were no injuries or accidents because of this. We are just being very cautious.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1780778694535192598?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
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Tesla did not immediately respond to Benzinga&#8217;s request for comment.
Why It Matters:&nbsp;Earlier this week, The Wall Street Journal reported that the company had halted Cybertruck deliveries without providing a reason to buyers. The report, however, noted an issue with the pickup truck&#8217;s accelerator pedal.
Tesla started delivering the Cybertruck in late November. While the company does not report its official model-wise deliveries, automotive research company&nbsp;Kelley Blue Book&nbsp;pegs the number&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284745/teslas-cybertruck-outpaces-porsche-taycan-in-q1-despite-lagging-behind-fords-f-150-" rel="noreferrer noopener">of Cybertrucks sold in the U.S.</a>&nbsp;in the first quarter at 2,803 units.&nbsp;
Tesla eventually plans to deliver a quarter million Cybertruck vehicles every year.
Price Action: Tesla shares closed down nearly 1% at $155.45 on Wednesday and dropped nearly 0.5% after hours, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<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" target="_blank" rel="noreferrer noopener">No More Inventory Discounts On Tesla Cars As CEO Elon Musk Says Sales System Has Turned ‘Complex And Inefficient'</a>
Photo via Shutterstock

TSLA

'Just Being Very Cautious,' Says Elon Musk As Tesla Reportedly Resumes Cybertruck Deliveries After Brief Halt

Serve Robotics Inc.&nbsp;(the &quot;Company&quot; or &quot;Serve&quot;), a leading autonomous sidewalk delivery company, today announced the pricing of its underwritten public offering of 10,000,000 shares of common stock at a price to the public of&nbsp;$4.00&nbsp;per share, for aggregate gross proceeds of&nbsp;$40 million, prior to deducting underwriting discounts and offering expenses. The offering includes the participation of one of Serve&#39;s largest stockholders and strategic partners,&nbsp;Postmates, LLC, a wholly-owned subsidiary of&nbsp;Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>).
Serve also announced that, in connection with the offering, its common stock has been approved for listing and will begin trading on the Nasdaq Capital Market under the symbol &quot;SERV&quot; on&nbsp;April 18, 2024. Serve was previously listed on the OTCQB&reg; Venture Market under the ticker symbol &quot;SBOT&quot; and will no longer trade on that market.&quot;

SBOT

UBER

Reported Earlier, Serve Robotics Prices $40M Public Offering Of 10M Common Shares At $4/Share And Up Lists To Nasdaq Capital Market

Cryptocurrency analyst Ali Martinez has issued a warning about the critical $61,000 level for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: Martinez took to X on Thursday to highlight the significance of the $61,000 level for Bitcoin. According to Martinez, a breach of this level could trigger a correction to $56,200. 
However, &#8220;if #Bitcoin can rebound, we could see an upswing to $66,500. The first sign of a rebound will be a sustained 4-hour candlestick close above $62,300. Until then, we brace for impact!&#8221; said Martinez.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$61,000 is a very important level for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>! If it breaks, it will trigger a correction to $56,200. But if <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> can rebound, we could see an upswing to $66,500. The first sign of a rebound will be a sustained 4-hour candlestick close above $62,300. Until then, we brace for… <a href="https://t.co/KOg4HuZOJ2">pic.twitter.com/KOg4HuZOJ2</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1780837915309769194?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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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>
Why It Matters: The warning from Martinez comes at a time when the cryptocurrency market is experiencing significant volatility. A day before, a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38300304/why-the-bitcoin-dump-prompted-10x-research-to-sell-everything">crypto research firm expressed concerns</a> about a possible major price correction for risk assets, including cryptocurrencies, due to inflation.
Another analyst, IncomeSharks, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38306482/bitcoin-could-potentially-dip-below-60k-before-hate-halving-rally-says-crypto-analyst">predicted a significant drop</a> in Bitcoin&#8217;s price below the $60,000 mark, which could lead to panic selling. This was seen as a necessary step to clear out remaining holders relying on the support to hold.
Additionally, Martinez previously warned about the potential for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38305808/bitcoin-dropping-to-this-level-could-trigger-over-15b-in-liquidations-on-binance-wa">massive liquidations</a> on Binance if Bitcoin&#8217;s price fell to $50,500. This further highlights the current market uncertainty.
Despite the current market challenges, Bloomberg analysts have projected that Hong Kong&#8217;s newly approved Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) ETFs are set 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">accumulate $1 billion in assets</a> within the next two years, indicating a positive long-term outlook for the industry.
Price Action: Bitcoin is currently trading at $61,188, showing a 0.13% dip in the last 24 hours and a notable 38.52% gain year to date, according to data <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38300233/why-are-dogecoin-and-shiba-inu-silent-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Why Are Dogecoin And Shiba Inu Silent Today?</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Analyst Ratings

$BTC

$ETH

Bitcoin Could Correct To $56K If It Breaches This Support Level, Warns Analyst: 'First Sign Of A Rebound Will Be...'

The JDA will guide JERA and CF Industries&#39; evaluation of a joint venture agreement to build an approximately 1.4 million metric ton capacity low-carbon ammonia plant. JERA is contemplating a&nbsp;48%&nbsp;ownership stake in the project as well as an agreement to procure more than 500,000 metric tons of low-carbon ammonia annually to meet demand for low-carbon fuels in Japan. JERA and CF Industries previously had signed a memorandum of understanding to explore a potential joint project development and sales and purchase of low-carbon ammonia. JERA and CF Industries aim to reach a final investment decision on the proposed project within a year for commencing production in 2028.

Reported Earlier, CF Industries And JERA Ink Joint Development Agreement To Develop Greenfield Low-Carbon Ammonia Production Capacity In The United States

Planned investment will grow Oracle Cloud Infrastructure&#39;s footprint in&nbsp;Japan
Expanded local support and operations team will help customers and partners address digital sovereignty requirements

ORCL

Reported Earlier, Oracle Announced Plans To Invest More Than $8B In Cloud Computing And AI In Japan

All of the shares in the offering will be sold by Intra-Cellular Therapies, with gross proceeds to Intra-Cellular Therapies expected to be $500.0 million before deducting underwriting discounts and commissions and offering expenses.

ITCI

Reported Earlier, Intra-Cellular Therapies Prices Public Offering Of 6,849,316 Common Shares At $73/Share

Emergency services across various U.S. states were disrupted late Wednesday, as 911 systems experienced outages, leaving many without access to critical emergency assistance.
What Happened: Several U.S. states, including South Dakota and parts of Nevada, Texas, and Nebraska, faced a 911 emergency services outage. The cause of the disruption remains unknown, Reuters reported. 
Officials in South Dakota and Las Vegas confirmed that 911 services were restored, but did not provide details on what caused the failure of the critical emergency infrastructure. The outage affected the entire state of South Dakota and portions of the other states mentioned.
Attempts to get comments from the Department of Transportation&#8217;s Office of Emergency Medical Services, the Federal Communications Commission (FCC), and the Federal Emergency Management Agency (FEMA) were unsuccessful.
The Department of Homeland Security has previously warned about the heightened risk of cyber attacks on digital 911 services. Past cyberattacks have disrupted 911 systems, including a significant incident in 2017 that affected centers in over a dozen states.
See Also: <a href="https://www.benzinga.com/news/24/04/38261938/marjorie-taylor-greene-attempts-to-defend-trump-in-hush-money-trial-ends-up-bungling-it-up-entirely?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Attempts To Defend Trump In Hush Money Trial, Ends Up Bungling It Up Entirely</a>
Local authorities, including the South Dakota Department of Public Safety, Las Vegas Metropolitan Police Department, and Douglas County, Nebraska, all reported disruptions. In Las Vegas, police assured that individuals who called during the outage received callbacks and assistance.
In Texas, the Del Rio Police Department alerted via Facebook that their 911 services were down. South Dakota&#8217;s Department of Public Safety stated that they were working to resolve the issue, urging the public not to call 911 for testing purposes.
Why It Matters: The recent 911 outages come on the heels of a <a href="https://www.benzinga.com/news/24/02/37279727/at-t-says-outage-was-not-due-to-a-cyber-attack-confirms-service-has-been-fully-restored">nationwide service disruption</a> experienced by AT&amp;T Inc. customers. In February, AT&amp;T confirmed that its network was back online after a full day without service, impacting calls, texts, and data usage. 
The company clarified that<a href="https://www.benzinga.com/news/24/02/37279727/at-t-says-outage-was-not-due-to-a-cyber-attack-confirms-service-has-been-fully-restored"> the outage was due to an internal error and not a cyber attack.</a>
Read Next: <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?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">No More Inventory Discounts On Tesla Cars As CEO Elon Musk Says Sales System Has Turned &#8216;Complex And Inefficient&#8217;</a>
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Health Care

General

Critical Emergency Services Disrupted: 911 Outages Cause Chaos Across US States

Southwest Gas Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) (&quot;Southwest Gas&quot;) and Centuri Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRI#NYSE">CTRI</a>) (&quot;Centuri&quot;), a wholly owned subsidiary of Southwest Gas, today announced the pricing of Centuri&#39;s initial public offering (the &quot;IPO&quot;) of 12,400,000 shares of Centuri&#39;s common stock at an initial public offering price of&nbsp;$21.00&nbsp;per share. In addition, Centuri has granted the underwriters a 30-day option to purchase up to an additional 1,860,000 shares of its common stock to cover over-allotments, if any. Centuri&#39;s common stock has been approved for listing on the New York Stock Exchange (&quot;NYSE&quot;) under the symbol &quot;CTRI&quot; and is expected to begin trading on&nbsp;April 18, 2024. The IPO is expected to close on&nbsp;April 22, 2024, subject to the satisfaction or waiver of customary closing conditions
In addition to the shares of Centuri&#39;s common stock sold in the IPO, Centuri announced that Icahn Partners and Icahn Partners Master Fund LP, investment entities affiliated with&nbsp;Carl C. Icahn, will purchase 2,591,929 shares of Centuri&#39;s common stock in a concurrent private placement at a price per share equal to the IPO price, for gross proceeds of approximately&nbsp;$54.4 million.&nbsp;

CTRI

Reported Earlier, Southwest Gas And Centuri Prices Centuri Initial Public Offering Of 12.4M Centuri Common Shares At $21/Share

Rep. Marjorie Taylor Greene (R-Ga.) advocates space laser funding for U.S. border security and suggests &#8216;conscription&#8217; in the Ukrainian military for backers of the Ukraine supplemental bill.
What Happened: Greene&#8217;s X post was shared on Thursday, where she also lauded Israel&#8217;s defense systems and suggested that the U.S. should adopt a similar approach to secure its borders.
&#8220;Israel has some of the best-unmanned defense systems in the world. I've previously voted to fund space lasers for Israel's defense. America needs to take our national security seriously and deserves the same type of defense for our border that Israel has and proudly uses,&#8221; she wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Israel has some of the best unmanned defense systems in the world. I've previously voted to fund space lasers for Israel's defense. America needs to take our national security seriously and deserves the same type of defense for our border that Israel has and proudly uses. <a href="https://t.co/oDeDqTXvQQ">pic.twitter.com/oDeDqTXvQQ</a>
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1780767303732199917?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
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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>
&#8220;I mean if you want to fund the war, why don't you go fight in it,&#8221; said Greene quoting a post of Juliegrace Brufke, who is a congressional reporter for Axios.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I mean if you want to fund the war, why don't you go fight in it. Show your support for Ukraine. <a href="https://t.co/J7JIvJgji5">https://t.co/J7JIvJgji5</a>
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1780753558943494411?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
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Greene&#8217;s proposal comes amid the ongoing conflict between Russia and Ukraine, with the U.S. providing support to Ukraine through the Ukraine supplemental bill.
Her tweet has sparked a wave of reactions on social media, with many criticizing the amendment as a drastic and unnecessary measure.
Why It Matters: Greene&#8217;s amendment is the latest in a series of controversial statements and actions. Just last week, she was criticized by Rep. Jared Moskowitz (D-Fla.) for her <a href="https://www.benzinga.com/news/24/04/38305573/marjorie-taylor-greene-confronted-by-moskowitz-over-nazis-in-ukraine-claims-disgusting-behavior">unfounded claims about Nazism</a> in Ukraine. This narrative, often echoed by Russian President Vladimir Putin, has sparked significant controversy.
Greene&#8217;s amendment also follows her <a href="https://www.benzinga.com/news/24/04/38089875/marjorie-taylor-greene-calls-house-speaker-a-damn-fool-over-ukraine-funding-do-they-have-mike-johnso">recent criticism</a> of House Speaker Mike Johnson (R-La.) over Ukraine funding. Despite efforts by former President Donald Trump to quell the discord, Greene has <a href="https://www.benzinga.com/news/24/04/38237873/marjorie-taylor-greene-isnt-backing-down-on-criticism-of-house-speaker-despite-donald-trumps-efforts">remained steadfast</a> in her opposition to Johnson&#8217;s approach.
Greene&#8217;s actions have also drawn <a href="https://www.benzinga.com/news/23/11/35584765/marjorie-taylor-greene-clashes-with-chip-roy-over-censure-vote-disagreement-go-chase-so-called-jewis">attention in the past</a>, such as her clash with Rep. Chip Roy (R-Texas) over a censure vote against Rep. Rashida Tlaib (D-Mich.). 
Read Next: <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>
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Marjorie Taylor Greene Calls For Space Laser Funding For US Border Security, Proposes 'Conscription' For Senators Supporting Ukraine Supplemental Bill

CSCO

Cisco Launches Hypershield, Elevating Security For AI-Driven Data Centers And Cloud Environments

Under the Digital and IT Professional Services (DIPS) Framework, Jacobs and its specialist suppliers were appointed to provide maintenance, design and support of secure system architecture, cryptographic systems and security, including testing and evaluation of technical and non-technical security features. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The DIPS framework, procured with assistance from the Crown Commercial Service (CCS), has a potential value of&nbsp;$1.52 billion&nbsp;(&pound;1.2 billion) and runs until&nbsp;November 2027, delivering a range of digital and IT specialist professional services to&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4143851-1&amp;h=675578941&amp;u=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fgroups%2Fdefence-digital&amp;a=Defence+Digital" target="_blank">Defence Digital</a>.

Jacobs Secures Position As Prime Cyber Security Supplier To UK Ministry Of Defence

Lazard And Elaia Partners Ink Strategic Partnership To Launch Lazard Elaia Capital, Spearheading Tech Investments In Europe

IND to be filed with the FDA in the coming weeks
PARIS, FRANCE and CAMBRIDGE, MA / ACCESSWIRE /&nbsp;April 18, 2024 /&nbsp;Biophytis SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPTS#NASDAQ">BPTS</a>)(PARIS:<a class="ticker" href="https://www.benzinga.com/stock/ALBPS#PARIS">ALBPS</a>), (&quot;Biophytis&quot; or the &quot;Company&quot;), a clinical-stage biotechnology company specialized in the development of therapeutics for age-related diseases, today announces the formation of a new Scientific Advisory Board to support the advancement of its phase 2 OBA clinical study in obesity.
This Scientific Advisory Board will be composed of a few worldwide medical experts in the field of obesity, including Professor Dennis Villareal from the USA and Professor Francisco Guarner from Spain. The OBA SAB will guide the company to develop BIO101 (20-hydroxyecdysone) in obesity, in combination with GLP1-RA, and will actively work towards the finalization of the OBA Phase 2 clinical study design. Biophytis plans to file for an Investigational New Drug (IND) application to start the OBA Phase 2 clinical study in the USA with FDA in the coming weeks.

BPTS

PARIS:ALBPS

Biophytis Plans To File IND With FDA For Phase 2 OBA Clinical Study In Obesity, Backed By New Scientific Advisory Board

Offerings

Lithium Americas Prices $275M Underwritten Public Offering Of 55M Common Shares At $5/Share

The CNN Money Fear and Greed index showed further decline in the overall market sentiment, while the index remained in the &quot;Fear&quot; zone on Wednesday.
U.S. stocks closed lower on Wednesday, with the S&amp;P 500 falling for a fourth straight session.
On the economic data front, crude oil inventories in the U.S. climbed by 2.735 million barrels in the week ended April 12, compared to a 5.841 million gain in previous prior week.
U.S. Bancorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usb#NYSE">USB</a>) reported upbeat first-quarter FY24 earnings on Wednesday. United Airlines Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) shares jumped over 17% on Wednesday after the company reported better-than-expected quarterly results.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate and consumer discretionary stocks recording the biggest losses on Wednesday. However, utilities and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 45 points to 37,753.31 on Wednesday. The S&amp;P 500 fell 0.58% at 5,022.21, while the Nasdaq Composite dipped 1.15% at 15,683.37 during Wednesday&rsquo;s session.
Investors are awaiting earnings results from Marsh &amp; McLennan Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmc#NYSE">MMC</a>), D.R. Horton, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dhi#NYSE">DHI</a>) and Netflix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) today.
At a current reading of 34.4, the index remained in the &quot;Fear&quot; zone on Wednesday, versus a prior reading of 37.6.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38285336/how-to-earn-500-a-month-from-intel-stock-ahead-of-q1-earnings"> How To Earn $500 A Month From Intel Stock Ahead Of Q1 Earnings</a>

Pre-Market Outlook

NFLX

Investor Sentiment Decreases Further, S&P 500 Falls For Fourth Straight Session

NNOX, LKCO and YRD are among pre market gainers

XIN, LKCO and YCBD are among pre-market gainers

These Technology stocks are trading higher:-Clearone Inc (CLRO) stock is trading at $2.16, a rise of $0.91, or 73.54%, on high volume.  Clearone Inc gets a Sentiment Score of Bullish from InvestorsObserver. Clearone Inc next reports earnings on MayÂ 18. -Cuentas Inc (CUEN) stock is trading at $8.23, an increase of $2.89, or

Technology Stocks Moving Up and Down Tuesday: CLRO, CUEN, SHLS, PLTR, ML, LKCO, SEMR, CRNC

Luokung Technology Corp (LKCO) stock has fallen -88.68% over the last 12 months. InvestorsObserver's proprietary ranking system, gives LKCO stock a score of  12 out of a possible 100. That rank is  influenced by a short-term technical score of 5. LKCO's rank also includes a long-term technical score of 32.  LKCO has an Ove

Is Luokung Technology Corp (LKCO) Stock a Smart Investment Friday?

Luokung Technology Corp (LKCO) stock is lower by -89.35% over the last 12 months. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives LKCO stock a score of  20 out of a possible 100. That rank is chiefly influenced by a short-term technical score of 16. LKCO's rank also includes a long-term technical score of 45.  LKCO h

Luokung Technology Corp (LKCO) Stock Is Lower By -7.14% This Week: Buy, Hold, or Sell?

Luokung Technology Corp (LKCO) stock has risen 17.39% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Luokung Technology Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LKCO!See Full LKCO ReportWhat is Stock Sentiment?When m

Do Traders Think Luokung Technology Corp (LKCO) Can Keep Climbing Wednesday?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to start off the week with a breakdown of the biggest pre-market stock movers for Monday morning!
Moving stocks this morning are offerings, clinical trial data, insider trading and more.
Let&rsquo;s get into that news below!

<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>
<ol>
<li> MingZhu Logistics (NASDAQ:<a href="https://investorplace.com/stock-quotes/ygmz-stock-quote/">YGMZ</a>) stock is rocketing more than 94% alongside heavy pre-market trading.</li>
<li> Redhill Biopharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/rdhl-stock-quote/">RDHL</a>) shares are soaring close to 72% after falling on Friday with a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317801575&amp;type=PDF&amp;symbol=RDHL&amp;cdn=a725d1bc62bdec9f124000856c254ccd&amp;companyName=Redhill+Biopharma+Ltd.&amp;formType=F-3&amp;formDescription=Registration+statement+for+securities+of+certain+foreign+private+issuers&amp;dateFiled=2023-10-13">stock offering announcement</a>.</li>
<li> ContraFect (NASDAQ:<a href="https://investorplace.com/stock-quotes/cfrx-stock-quote/">CFRX</a>) stock is surging over 40% with heavy pre-market trading.</li>
<li> Mereo BioPharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/mreo-stock-quote/">MREO</a>) shares are gaining more than 33% with the <a href="https://www.nasdaq.com/press-release/ultragenyx-and-mereo-biopharma-announce-interim-phase-2-data-from-phase-2-3-orbit">release of interim clinical trial data</a>.</li>
<li> Processa Pharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/pcsa-stock-quote/">PCSA</a>) stock is rising over 28% ahead of a <a href="https://www.nasdaq.com/press-release/processa-pharmaceuticals-to-present-at-the-thinkequity-conference-2023-10-13">presentation this week</a>.</li>
<li> Almacenes Exito (NYSE:<a href="https://investorplace.com/stock-quotes/exto-stock-quote/">EXTO</a>) shares are increasing more than 25% on Monday morning.</li>
<li> BeyondSpring (NASDAQ:<a href="https://investorplace.com/stock-quotes/bysi-stock-quote/">BYSI</a>) stock is climbing 20% higher this morning.</li>
<li> Luokung Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/lkco-stock-quote/">LKCO</a>) shares are heading over 18% higher today.</li>
<li> Turbo Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/turb-stock-quote/">TURB</a>) stock is jumping more than 18% early this morning.</li>
<li> Firsthand Tech Value (NASDAQ:<a href="https://investorplace.com/stock-quotes/svvc-stock-quote/">SVVC</a>) shares are up over 17% as it seeks <a href="https://www.nasdaq.com/press-release/firsthand-technology-value-fund-announces-plan-to-seek-stockholder-approval-to">shareholder approval to pursue liquidation</a>.</li>
</ol>
<h2>10 Top Losers</h2>
<ol>
<li> Sigma Additive Solutions (NASDAQ:<a href="https://investorplace.com/stock-quotes/sasi-stock-quote/">SASI</a>) stock is plummeting more than 25% following <a href="https://investorplace.com/2023/10/why-is-sigma-additive-solutions-sasi-stock-up-120-today/">a massive rally on Friday</a>.</li>
<li> Eastside Distilling (NASDAQ:<a href="https://investorplace.com/stock-quotes/east-stock-quote/">EAST</a>) shares are diving over 25% on Monday morning.</li>
<li> Nxu (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxu-stock-quote/">NXU</a>) stock is tumbling nearly 20% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317803169&amp;type=PDF&amp;symbol=NXU&amp;cdn=19e29e14d8d7b0da043f611532c6fa97&amp;companyName=Nxu+Inc.&amp;formType=4&amp;formDescription=Statement+of+changes+in+beneficial+ownership+of+securities&amp;dateFiled=2023-10-13">alongside insider selling</a>.</li>
<li> AquaBounty Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/aqb-stock-quote/">AQB</a>) shares are taking a more than 17% beating after <a href="https://finance.yahoo.com/news/aquabounty-technologies-announces-reverse-stock-120000278.html">announcing a reverse stock split</a>.</li>
<li> Bio-Path (NASDAQ:<a href="https://investorplace.com/stock-quotes/bpth-stock-quote/">BPTH</a>) stock is sliding over 15% on Monday morning.</li>
<li> Eightco (NASDAQ:<a href="https://investorplace.com/stock-quotes/octo-stock-quote/">OCTO</a>) shares are decreasing more than 14% following a Friday rally.</li>
<li> Versus Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/vs-stock-quote/">VS</a>) stock is dropping over 14% after <a href="https://www.nasdaq.com/press-release/versus-systems-inc.-announces-pricing-of-%243.0-million-public-offering-2023-10-13">pricing a public stock offering</a>.</li>
<li> Innovative Eyewear (NASDAQ:<a href="https://investorplace.com/stock-quotes/lucy-stock-quote/">LUCY</a>) shares are slipping more than 13% today.</li>
<li> Shift Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/sft-stock-quote/">SFT</a>) stock is dipping over 13% with <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317802400&amp;type=PDF&amp;symbol=SFT&amp;cdn=f406b8ea4dbe2a1bf34a0ec0700aa341&amp;companyName=Shift+Technologies+Inc.&amp;formType=4&amp;formDescription=Statement+of+changes+in+beneficial+ownership+of+securities&amp;dateFiled=2023-10-13">recent insider selling</a>.</li>
<li> ParaZero Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/przo-stock-quote/">PRZO</a>) shares close out our pre-market stock movers down more than 13% after rallying on Friday.</li>
</ol>
On the date of publication, William White&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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The post <a href="https://investorplace.com/2023/10/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-monday-oct-16th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday

Luokung announces receipt of Nasdaq notification regarding minimum bid price deficiency

Luokung Technology Corp (LKCO) stock is down -89.10% over the last 12 months. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives LKCO stock a score of  4 out of a possible 100. That rank is chiefly influenced by a short-term technical score of 5. LKCO's rank also includes a long-term technical score of 6.  LKCO has an O

Is Luokung Technology Corp (LKCO) Stock Worth a Buy Wednesday?

Luokung Technology (LKCO) has released an update. Luokung Technology Corp. has announced a change in their board of directors, with Ms. Yang Zhou r...