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Lasertec Corp

Vice President Kamala Harris has grown her lead over former President Donald Trump in a weekly head-to-head poll of likely voters with less than one month until the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
What Happened: Harris has shown a lead over Trump in many election polls, while election betting odds <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41205762/donald-trump-takes-2-7-point-election-betting-odds-lead-over-kamala-harris-more-accurate-t">and prediction markets</a> have fluctuated to show a tight race as election day nears.
A new Morning Consult <a href="https://pro.morningconsult.com/trackers/2024-presidential-election-polling">poll </a>of likely voters shows Harris' lead tying a record high six points, a lead she had after the presidential debate between the two candidates in September.
The new poll shows the following results from voters, with the results from the<a href="https://www.benzinga.com/general/politics/24/10/41132643/harris-vs-trump-vice-president-leads-former-president-by-5-points-walz-favorability-rating-tops-"> Oct. 1 poll</a> in parentheses:
<ul>
<li>Kamala Harris: 51% (51%)</li>
<li>Donald Trump: 45% (46%)</li>
<li>Someone Else: 2% (2%)</li>
<li>Don't Know: 2% (2%)</li>
</ul>
The poll also found that 94% of Democrats backed Harris as their top pick, in line with last week's poll. The poll also found 92% of Republicans backed Trump as their top pick, in line with last week's poll.
Independent voters selected the following as their head-to-head preference, with the results from the Oct. 1 poll in parentheses:
<ul>
<li>Kamala Harris: 45% (45%)</li>
<li>Donald Trump: 44% (44%)</li>
<li>Someone Else: 5% (5%)</li>
<li>Don't Know: 5% (5%)</li>
</ul>
The vice president also has the edge in the 18-34 age voters demographic, leading 53% to 43%. The 10-point lead is in line with last week's lead, but down from a lead of 15 points three weeks ago.  
Among Black voters, Harris leads by 77% to 19%, in line with last week's poll.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100824" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It&#8217;s Important: Harris ties her record lead, which comes as good news given the predicted tight race and the timing of election day nearing.
The latest poll comes after the vice-presidential debate between Tim Walz and J.D. Vance, which many media outlets and polls showed Republican Vance <a href="https://www.benzinga.com/general/politics/24/10/41151403/walz-vs-vance-who-won-vp-debate-and-could-the-outcome-shift-2024-election-for-harris-or-trump">as the winner</a>. The latest poll shows that the vice president debate may have had minimal impact on the overall election race.
The bad news for Harris is that Trump continues to show gains or hold his gains from last week among several key demographics, including Independent voters.
Harris had posted a stronger lead among the key Independent voter demographic for several weeks before holding onto a minimal one-point advantage in back-to-back weeks.
The vice president debate shifted favorability rankings with Vance going from 39% to 40% and Walz going from 45% to 48%. Vance saw his best net buzz rating, or the amount of people hearing positive comments about him minus the amount hearing something negative, since joining the Trump ticket.
One likely positive for Harris is the <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41184080/us-economy-adds-254-000-new-jobs-in-september-smashes-expectations-unemployment-f">impressive jobs report </a>last week that saw a higher-than-expected figure. The result was the election poll showing net buzz on jobs (+12) and economy (-6) hitting highs not seen since February and March of 2024, respectively.
Another potential negative for Harris is her net buzz falling below double digits for the first time since she became the Democratic Party nominee. This means that the amount of negative comments about her may be increasing or positive commentary is wearing off.
Harris <a href="https://www.benzinga.com/general/entertainment/24/10/41214476/will-kamala-harriss-media-blitz-including-60-minutes-and-call-her-daddy-improve-her-2024-el">ramped up efforts </a>to be more present with the media this week with appearances on the Call Her Daddy podcast, "60 Minutes," "The Howard Stern Show," "The View" and taking part in a Town Hall.
Next week's poll could show if the media blitz efforts paid off for the vice president.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Shutterstock

Politics

Harris Vs. Trump: Vice President Hits Record Lead In 2024 Election Poll, But Independent Voters Could Be Worrisome

The 2024 Benzinga Cannabis Award winners were announced during a celebratory event Tuesday at the end of the first day of the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a>. The awards recognized leading individuals and companies for their exceptional contributions to the cannabis industry.
<h3 class="wp-block-heading">Michael Berger Capital Markets Award: Todd Harrison, CB1 Capital</h3>
Named in honor of the late Michael Berger, founder of Technical420, this award recognizes leadership and excellence in capital markets. The 2024 recipient is Todd Harrison, founder of CB1 Capital, which specializes in cannabinoid-based wellness solutions and therapies.
With a focus on educating and informing the public, Harrison and CB1 Capital have advanced investment strategies across several verticals, including biopharmaceuticals, extraction, cultivation, and more. Harrison&#8217;s work is driven by a belief in the vast potential of cannabinoid therapies.
<h3 class="wp-block-heading">Friend of the Industry Award: Cory Gardner</h3>
Cory Gardner, former U.S. senator and longtime advocate for bipartisan cannabis reform, received the Friend of the Industry Award. Gardner's legislative career included efforts to advance cannabis policy reform, helping to bring cannabis discussions into mainstream political dialogue.
Gardner, a Colorado native and former member of both the U.S. House of Representatives and Senate, was recognized for his consistent support of cannabis legislation throughout his time in public service. His work has helped pave the way for many of the cannabis reforms seen today.
Also Read: <a href="https://www.benzinga.com/markets/cannabis/24/10/41232375/green-check-surpasses-1b-in-monthly-cannabis-sales-deposits-expands-financial-network-in-q3-2024">Green Check Surpasses $1B In Monthly Cannabis Sales Deposits, Expands Financial Network In Q3 2024</a>
<h3 class="wp-block-heading">Cannabis Journalism Award: Debra Borchardt, Green Market Report</h3>
Debra Borchardt, co-founder of Green Market Report, was honored with the Cannabis Journalism Award. Borchardt, an award-winning journalist with deep expertise in both finance and cannabis, has become a prominent voice in cannabis reporting. With a background on Wall Street and a Master's Degree in Financial Reporting from NYU, Borchardt's work has consistently delivered critical and accurate reporting on the cannabis industry.
Her dedication to clear, fact-driven journalism has earned her respect and recognition within both the financial and cannabis communities.
<h3 class="wp-block-heading">Bob Fireman Award for Entrepreneurship: Loriel Alegrete, 40 Tons</h3>
The Bob Fireman Award for Entrepreneurship went to Loriel Alegrete, CEO and co-founder of 40 Tons, a cannabis company dedicated to social justice and diversity within the industry. Alegrete has led efforts to not only build a successful cannabis brand but also bring attention to the need for greater social equity and support for individuals impacted by past cannabis convictions.
Through her leadership, 40 Tons has become a brand committed to ethical sourcing and community engagement. Alegrete's dedication to creating career opportunities for underserved communities and supporting cannabis education has left a lasting mark on the industry.
<h3 class="wp-block-heading">Want More?</h3>
As day two gets underway Wednesday in Chicago, the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> will continue with more panels, discussions, and opportunities for industry leaders to collaborate. Here&#8217;s where to find out more about the conference and the event&#8217;s impact.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41233018/exclusive-ross-gerber-sees-tsunami-of-money-pouring-into-cannabis-companies-upon-federal-legaliz">EXCLUSIVE: Ross Gerber Sees &#8216;Tsunami Of Money&#8217; Pouring Into Cannabis Companies Upon Federal Legalization, Says Cannabis Is One Of &#8216;Biggest&#8217; Opportunities Beyond AI</a></li>
</ul>
Photo by Wendy Davis.

Cannabis

Events

Exclusives

2024 Benzinga Cannabis Awards Winners Celebrated For Industry Leadership, Innovation

Alexa Alianiello, who serves as the head of cannabis at X, welcomes the idea her company is a pioneer in the space and it offers branding opportunities for companies that can't advertise <a href="https://www.benzinga.com/markets/cannabis/24/04/38114685/exclusive-x-fmr-twitter-exec-explains-why-storytelling-authenticity-are-the-future-of-cannabis-m">their products elsewhere.</a>
The X Vision: Alianiello said X's vision is to "help bring civilization forward through information sharing and dialogue," during a fireside chat at the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference on Oct. 8.</a>
X tries to be a trusted source of information, Alianiello told the crowd after being asked about the upcoming 2024 presidential election.
Alianiello said X preserves the integrity of information that's flowing while also making sure there is a free expression of information.
It's that free expression that makes X the only major social media platform to allow cannabis advertising and for users to regularly discuss the sector.
"We are a safe space for conversation around cannabis," Alianiello said.
Alianiello said users can talk about the legal landscape of the sector, social justice issues and brands and products.
"It really is the only social platform where you can talk about cannabis openly."
Alianiello, who has been featured at several Benzinga cannabis events, told the crowd the Benzinga Cannabis Capital Conference is "just the best event for having an ear to the ground."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41233018/exclusive-ross-gerber-sees-tsunami-of-money-pouring-into-cannabis-companies-upon-federal-legaliz">EXCLUSIVE: Ross Gerber Sees &#8216;Tsunami Of Money&#8217; Pouring Into Cannabis Companies Upon Federal Legalization, Says Cannabis Is One Of &#8216;Biggest&#8217; Opportunities Beyond AI</a>
The X Opportunity: Alianiello said X is where people are coming for information and that they "can say weed" on the platform.
The social media company, which was acquired by Elon Musk for $44 billion in 2022, is welcoming cannabis companies to advertise and target users for their products.
"We're helping normalize these products," Alianiello said.
Alianiello said she has been told by brands that X is driving results for them, something she is incredibly proud of.
"The platform welcomes everyone."
Alianiello said there are 40 million posts on X annually about cannabis.
"There is a real opportunity to reach people."
While X is welcome to cannabis advertising, other social media platforms haven't dove fully in and might not be soon. Alianiello said she has talked to other platforms and they are getting more interested.
"We know that it works. We're excited to kind of be pioneers in the space."
X is the place to get information in front of a large public audience and a place where cannabis conversation is welcome, Alianiello added.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41237545/exclusive-weed-companies-will-be-treated-like-normal-businesses-once-this-tax-provision-goes-awa">EXCLUSIVE: Weed Companies Will Be Treated Like Normal Businesses Once This Tax Provision Goes Away, Experts Say</a></li>
</ul>
Photo: Alexa Alianiello, Brett Puffenbarger, Benzinga Cannabis Capital Conference, Oct. 8. Photo by Wendy Davis.

Social Media

EXCLUSIVE: Elon Musk's X Is 'Safe Space' To Say Weed: 'The Only Social Platform Where You Can Talk About Cannabis Openly'

Rescheduling is "not a Panacea to all the problems of the industry" and would not make the issue of oversaturation and lack of investor capital go away, Frank Segall, co-chair of cannabis practice at Blank Rome, told the crowd gathered at the <a href="https://www.google.com/url?q=https://www.benzinga.com/events/cannabis-conference/&amp;sa=D&amp;source=docs&amp;ust=1728424361840576&amp;usg=AOvVaw1ND2uKc7pNLpMdV9WsPfvC">Benzinga Cannabis Capital Conference</a> in Chicago on Tuesday. He was part of the panel, &#8220;Consolidation Trends in the Wake of Cannabis Rescheduling: Identifying Winners and Losers.&#8221;
While it would impact positively the balance sheets of many operators by eradicating restrictions of Section 280E of the Internal Revenue Code and attracting some capital, the shift of cannabis to Schedule III would not result in big players like Wells Fargo crossing over to the marijuana industry, Segall said.
"Legalization is what they&#8217;re mandating for them to cross over," he added.
Segall, alongside three other experts, joined the panel moderated by Scott Greiper, founder and president at Viridian Capital Advisors, to discuss broader market consolidation trends following cannabis&#8217;s shift to Schedule III.
Alongside Segall, Pablo Zuanic, managing partner at Zuanic &amp; Associates LLC; Barbara Webb, tax partner at MGO and Laura Bianchi, co-founder of Bianchi &amp; Brandt discussed which types of companies are positioned to thrive and which are not, as well as how investors can identify solid bets in the new regulatory landscape while avoiding pitfalls in a competitive market.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08170959/ccc-oct-24-banner__1_-18.gif" alt="" class="wp-image-586477" /></a></figure>
Zuanic &amp; Associates&#8217; Zuanic said that even though two presidential candidates favor <a href="https://www.benzinga.com/markets/cannabis/24/09/40938172/no-turning-back-now-cannabis-rescheduling-gains-momentum-expert-offers-timeline">rescheduling</a> and a <a href="https://www.benzinga.com/markets/cannabis/24/08/40653233/national-cannabis-roundtable-applauds-deas-move-december-hearing-on-rescheduling-set">DEA hearing</a> on the horizon — with signals the policy shift could happen next year — there's a drop in investor interest in the space. That's compared to the past four years.
"I think that we are getting all a bit ahead of ourselves in terms of optimism here," he said.
Zuanic added the reason why consolidation is not taking place is that valuations are depressed in addition to uncertainty around what rescheduling would really bring. He said the main benefit of rescheduling is making 280E go away.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41237545/exclusive-weed-companies-will-be-treated-like-normal-businesses-once-this-tax-provision-goes-awa">EXCLUSIVE: Weed Companies Will Be Treated Like Normal Businesses Once This Tax Provision Goes Away, Experts Say</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h1 class="wp-block-heading">Not Paying Taxes Is Not A Good Idea: Here's Why</h1>
That said, MGO&#8217;s Webb highlighted many cannabis companies are not paying their taxes, which could be counterproductive for operators if cannabis rescheduling takes place. "It&#8217;s a temporary survival tactic, but you can&#8217;t do that forever," she said, adding "the IRS eventually catches up."
Consequences could seriously affect business growth in the long run.
"You might be able to get an installment plan once they do catch up with you," Webb explained. "However, once on an installment plan, a cannabis business not only have to regularly, never miss a payment pay, but also stay current on your current year&#8217;s estimated taxes, which is a huge cash commitment."
Webb added companies that are going to be "superstars" post-rescheduling are cash flow positive with 280E.
The tactic of not paying taxes will have serious consequences when it comes to M&amp;A activity in the space, Bianchi &amp; Brandt&#8217;s Bianchi said. "That&#8217;s going to have a drastic effect on M&amp;A in the future because it&#8217;s already been an issue," she said.
<h1 class="wp-block-heading">Which Acquisitions Are and Will Be Hot</h1>
Speaking of acquisition targets, Bianchi said some buyers are looking at distressed assets, mainly businesses that have difficulties operationally and are not avoiding paying taxes.
She also said the trend of huge deals is over. "We&#8217;re dealing with more creative companies coming together and maybe joint ventures," Bianchi added.
Zuanic &amp; Associates&#8217; Zuanic said that &#8220;there's too much overlap" in deals where one multi-state operator is buying another one. Instead, he proposes brands as acquisition targets.
Brands are and will be a key point of M&amp;A activity, especially in the scenario where interstate commerce is legal, he continued.
Read Next:
<ul>
<li>EXCLUSIVE: <a href="https://www.benzinga.com/markets/cannabis/24/10/41239355/exclusive-former-congressman-ed-perlmutter-predicts-2024-election-results-and-their-impact-on-ca">Former Congressman Ed Perlmutter Predicts 2024 Election Results And Their Impact On Cannabis Reform</a></li>
</ul>
Photo: Benzinga Cannabis Conference &#8220;Consolidation Trends in the Wake of Cannabis Rescheduling: Identifying Winners and Losers,&#8221; Photo by Wendy Davis.

Government

News

Regulations

Financing

Legal

EXCLUSIVE: Cannabis Rescheduling Is Not Cure-All For Industry Problems: Experts Explain How Tax Tactics Could Hurt Marijuana Businesses In Long Run

Mikolaichik replaces Interim Chief Financial Officer James Forrester, Jr., who will remain with the Company through the end of the year to help ensure a smooth transition.

Management

PRKS

United Parks & Resorts Names James Mikolaichik To Assume The Role Of CFO And Treasurer Effective Nov. 11, 2024

Benzinga&#8217;s paper trading contest powered by TradeZero is nearing the end of the first of three contests as entrants compete to win over $30,000 in cash and prizes <a href="https://www.tradezeroedge.com/world-championship-of-trading?utm_source=website&amp;utm_medium=editorial&amp;utm_id=trading_competition&amp;utm_content=static" target="_blank" rel="noreferrer noopener">during a monthly contest.</a>
While Contest 1 may be nearly complete, contestants still have a shot at over $25,000 in cash and prizes in two additional contests, with Contest 2 set to kick off on Oct. 15.
Here&#8217;s how you can take home your share of cash and prizes and win a tour of the New York Stock Exchange.
The Contests:&nbsp;Powered by&nbsp;TradeZero, the&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">World Championship of Trading</a>&nbsp;is the ultimate trading competition for investors to prove their keen eye during a three-month time period.
The first of three separate contests kicked off on Monday, Sept. 16. Contestants had until Monday to sign up for the first contest, which runs through Oct. 14.
Each investor will have around one month across three separate contests to generate the highest profits from a starting balance of $100,000 in a simulated trading account.
Contestants in the World Championship of Trading will have access to Benzinga's Live Squawk product.
Investors will also gain exposure to TradeZero's newly patented short-selling tools.
Here are the top four traders in the first portion of the contest as of Oct. 7:
<ol>
<li>Andrea S: $1,088,390.70</li>
<li>Sneha O.: $366,650.00</li>
<li>Stephen L.: $330,021.80</li>
<li>Benjamin H.: $325,733.04</li>
</ol>
The tenth-place trader has a balance of $217,997.50, meaning the top 10 traders have all gained at least 100% since the contest began.
First Place Held Down: The leaderboard has featured frequent changes among the top 10, but the leader has been fairly consistent. Andrea S. has been in the top 10 for<a href="https://www.benzinga.com/top-stories/24/10/41126924/benzinga-world-championship-of-trading-powered-by-tradezero-contestants-up-90-in-just-2-weeks-join-n"> three weeks straight</a>, with a first-place position in the last two weekly updates. Andrea S. had a balance of $810,808.75 last week, which means she added nearly $200,000 to her contest trading balance over the last trading week.
In an interview with Benzinga, Andrea revealed she is working on her PhD in mathematics and keeping her eyes on the market during the trading contest.
"It's been wild. I didn't expect to end up in first place," Andrea said.
The contestant said she has learned more about finance and trading in recent years and did some internships in the quant trading sector. Andrea said she has applied the things she learned to trading and sought out to see if they would work in a retail trading contest.
"I think I got lucky."
With a goal of winning the contest now, Andrea is now using strategies that are not like her regular trading.
"I'm going to take on much riskier positions."
The trader said they recently bought some call options in the Chinese stock PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) after seeing the stocks was up thanks to news of a China stimulus.
Andrea has also been looking at semiconductor stocks recently, naming Taiwan Semiconductor Manufacturing, NVIDIA Corporation and Super Micro Computer.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Stormy Markets &#x7C; PreMarket Prep" width="500" height="281" src="https://www.youtube.com/embed/DjRmtokM2YQ?start=3615&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Contest Rules:&nbsp;The contest is open to residents of the United States and Canada who are 21 years of age or older.
Traders will be able to buy simulated equities and options from U.S. markets during the contest periods starting with a balance of $100,000. No fractional shares will be allowed. Traders have to hold a minimum of one stock or option throughout the contest. A minimum of five days of one trade or more must be completed throughout each contest.
Interested investors have been able to&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">sign up to join</a>&nbsp;the contest since Friday, July 26. Signing up for the first contest will automatically register an entry in the second and third contests. Traders can sign up for the contests after the start dates as long as it is before a cutoff deadline.
The dates for the&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">contests</a>&nbsp;are listed below:
<ul>
<li>Contest 1: Sept. 15 through Oct. 14</li>
<li>Contest 2: Oct. 15 through Nov. 14</li>
<li>Contest 3: Nov. 15 through Dec. 14</li>
</ul>
The last days to register for the contests are Oct. 7, Nov. 7 and Dec. 8 at 9 a.m. ET for the three respective contests.
Read Also:&nbsp;<a href="https://www.benzinga.com/fintech/23/11/35687369/tradezero-ceo-daniel-pipitone-giving-the-retail-traders-an-institutional-level-toolbox" target="_blank" rel="noreferrer noopener">TradeZero CEO Daniel Pipitone: Giving Retail Traders An Institutional-Level Toolbox</a>
Contest Prizes: Participants have the chance to win as much as $30,000 in cash and prizes during the contests. Travel and expenses will not be paid for the NYSE tour prizes.
Here are the contest prizes for the World Championship of Trading.
Contest 1:
<ul>
<li>First Place: $5,000 cash, lifetime of&nbsp;<a href="https://pro.benzinga.com/feature/newsfeed/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">Benzinga Pro Essential,</a>&nbsp;tour of the NYSE and lunch for two at the NYSE.</li>
<li>Second Place: $1,000 cash, one year of Benzinga Pro Essential.</li>
<li>Third Place: $500 cash, one year of Benzinga Pro Essential.</li>
</ul>
Contest 2:
<ul>
<li>First Place: $10,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.</li>
<li>Second Place: $2,000 cash, one year of Benzinga Pro Essential.</li>
<li>Third Place: $1,000 cash, one year of Benzinga Pro Essential.</li>
</ul>
Contest 3:
<ul>
<li>First Place: $15,000 cash, lifetime of Benzinga Pro Essential, tour of the NYSE and lunch for two at the NYSE.</li>
</ul>
Find out more at the&nbsp;<a href="https://benzingapartners.go2cloud.org/aff_c?offer_id=467&amp;aff_id=1" target="_blank" rel="noreferrer noopener">World Championship of Trading site</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/10/41150827/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-september-2024-where-do-tesla-nvidia-apple">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In September 2024 – Where Do Tesla, Nvidia, Apple, DJT Stock Rank?</a></li>
</ul>

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Benzinga World Championship Of Trading Powered By TradeZero: 1 Contestant Up 988% In 3 Weeks — Join Now For $25,000 In Additional Cash, Prizes

Insurance companies operating in Florida face significant challenges following two intense hurricanes: <a href="https://www.benzinga.com/news/24/10/41231817/hurricane-milton-dire-warning-if-you-choose-to-stay-youre-going-to-die-officials-encourage-writing-n">Helene and Milton</a>. 
What Happened: After Hurricane Helene, losses for private insurers were <a href="https://www.wusf.org/weather/2024-09-25/helene-could-cause-billions-in-private-federal-insurance-losses">estimated</a> at $3 to $6 billion. Hurricane Milton, expected to make landfall Wednesday on Florida's Gulf Coast near Tampa, is adding further strain to Florida&#8217;s insurance market.
High claim volumes, rising premiums and an exodus of insurers already slammed customers. With Hurricane Milton looming, the market could experience further destabilization.
The average annual premium for homeowners' insurance in Florida has surged to $10,996, making it the highest in the nation. 
Insurify <a href="https://insurify.com/homeowners-insurance/report/home-insurance-price-projections/">projects</a> that this number will rise by an additional 7% in 2024, bringing the average to $11,759. This figure is nearly four times the national average, driven by multiple factors including the increased frequency and severity of hurricanes, rising costs of building materials, and issues with reinsurance. 
Florida has also seen a significant number of insurance companies pull out of the state, further exacerbating the situation​.
See Also: <a href="https://www.benzinga.com/news/24/09/41082452/hurricane-helene-exposes-vulnerability-of-floridas-home-insurance-market">Hurricane Helene Exposes Vulnerability Of Florida&#8217;s Home Insurance Market</a>
Stocks To Watch: The <a href="https://www.benzinga.com/markets/equities/24/10/41239644/hurricane-milton-evacuations-a-matter-of-life-and-death-biden-says-feds-bostic-says-storm-could-">ongoing hurricane activity in Florida</a> is expected to impact several major publicly traded insurance companies.
Key insurers facing challenges include: 
<ul>
<li>Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) </li>
<li>Travelers Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) </li>
<li>Progressive Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) </li>
<li>State Farm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STFGX#NASDAQ">STFGX</a>) </li>
</ul>
Citizens Property Insurance Corp. covers more than 1.4 million policies but with much higher premiums, averaging $21,707 annually​. Dubbed Florida's insurer of last resort, the company is transferring more than 648,000 policies to private insurers, per <a href="https://www.clickorlando.com/news/local/2024/10/04/what-citizens-insurance-depopulation-means-for-florida-homeowners/">Click Orlando</a>.
These companies are experiencing heavy financial strain due to increased claims, which will likely lead to higher premiums and reduced coverage availability. Smaller, regional insurers operating in Florida may also face insolvency or further pressure to exit the market.
Why It Matters: According <a href="https://www.insurancebusinessmag.com/us/news/property/florida-insurers-deny-nearly-half-of-hurricane-claims-ratings-agency-says-508765.aspx">to</a> Insurance Business Magazine, citing Weiss Ratings data, several large Florida insurers denied nearly half of homeowner claims closed in 2023. 
Among these carriers were:
<ul>
<li>Castle Key Indemnity Co., denied 47.1% of claims</li>
<li>Castle Key Insurance Company, at 46%.</li>
<li>State Farm Florida Insurance Company, denied 46.4% </li>
</ul>
Coverage is often denied to conserve cash and avoid bankruptcy.
How We Got Here: While it&#8217;s difficult to attribute any single hurricane directly to climate change, many scientists say that climate change exacerbates the frequency of extreme weather events.
Warmer ocean temperatures, fueled by global warming, provide more energy for storms, making hurricanes such as Helene and Milton more intense.
Rising sea levels also contribute to more severe storm surges. Additionally, changing weather patterns may cause slower-moving storms, leading to more rainfall and prolonged damage in affected areas. Overall, climate change plays a role in the increasing severity of storms.
Florida Gov. Ron DeSantis <a href="https://www.flgov.com/2024/10/08/governor-ron-desantis-issues-updates-on-state-preparedness-efforts-for-hurricane-milton-3/">declared </a>a state of emergency for 51 Florida counties. So far, he has generally avoided directly linking the increasing intensity of hurricanes in <a href="https://www.benzinga.com/topic/climate-change">Florida to climate change</a>.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41236355/stocks-rally-as-oil-prices-tumble-tech-chipmakers-lead-as-traders-focus-on-ai-winners-before-earnin">Stocks Rally As Oil Prices Tumble; Tech, Chipmakers Lead As Traders Focus On AI Winners Before Earnings Season: What&#8217;s Driving Markets Tuesday?</a></li>
</ul>
Photo: Massive destruction on Fort Myers Beach after Hurricane Ian, 2022, by Felix Mizioznikov via Shutterstock

Equities

Insurance

STFGX

Back-To-Back Hurricanes Batter Florida's Insurance Market: Stocks To Watch

THE STOCK RECEIVES ALERT AND REVERSES EARLY DOWNTREND TO CLIMB HIGHER
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="768" height="796" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/08201958/Screen-Shot-2024-10-08-at-4.15.12-PM.png" alt="" class="wp-image-2101" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/08201958/Screen-Shot-2024-10-08-at-4.15.12-PM.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/08201958/Screen-Shot-2024-10-08-at-4.15.12-PM-289x300.png 289w" sizes="(max-width: 768px) 100vw, 768px" /></figure>
Honeywell International , Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions.&nbsp;
Today, at 10:06 AM on October, 7th, a significant trading signal occurred for Honeywell International, Inc. as it demonstrated a Power Inflow at a price of $207.58. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Honeywell&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Honeywell International, Inc. stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted by active traders as a bullish signal.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for HON, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:The price at the time of the Power Inflow was $204.39. The returns on the High price ($207.58) and Close price ($207) after the Power Inflow are respectively 1.6% and 1.5%. The result underlines the importance of a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. The high and close were close but that is not always the case.
Past results are not indicative of future results

Signals

Trading Ideas

General

Tradepulse Power Inflow Alert: Honeywell International Inc. Receives Alert And Rises 1.6% During Trading Day

As the 2024 elections approach, the Marijuana Policy Project (MPP) released its annual voter guide to inform citizens about where their gubernatorial and Senate candidates stand on cannabis policy reform.
With over <a href="https://www.benzinga.com/markets/cannabis/23/11/35674739/marijuana-legalization-support-hits-record-70-as-republicans-join-the-majority-shows-gallup-poll">70%</a> of Americans supporting cannabis legalization, the stakes are high for federal and state-level reform, especially as 11 states will vote for their next governor and 34 Senate seats are up for grabs.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can&#8217;t afford to miss out if you're serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Why These Elections Matter</h3>
Governors and senators hold significant power over cannabis policy. At the state level, governors can veto or sign cannabis reform bills and direct agencies to either implement or block regulations. Meanwhile, at the federal level, the U.S. Senate is the critical battleground for national reform.&nbsp;
Bills like the <a href="https://www.benzinga.com/markets/cannabis/22/03/26335420/lawmakers-release-report-on-more-act-ahead-of-house-floor-discussion">MORE Act</a> (which seeks to federally legalize cannabis) and the <a href="https://www.benzinga.com/markets/cannabis/24/10/41239355/exclusive-former-congressman-ed-perlmutter-predicts-2024-election-results-and-their-impact-on-ca">SAFE Banking Act</a> (which would grant cannabis businesses access to financial services) have garnered bipartisan support but face a major hurdle: the Senate's filibuster rules.
The filibuster requires 60 votes to move legislation forward, creating a significant barrier to cannabis reform, even though a supermajority of Americans support legalization. With the balance of power in the Senate up for grabs in the November election, the composition of the next Senate will determine whether federal cannabis reform finally has a path forward.
<h3 class="wp-block-heading">What The MPP Voter Guide Covers And How You Can Use It</h3>
The <a href="https://www.mpp.org/">MPP</a> voter guide is more than just an overview of candidate positions, it's a tool for shaping the future of cannabis legalization. By breaking down public statements, voting records and policy positions, the guide allows voters to see clearly where candidates stand on cannabis reform.
Voters can use this information to not only make informed choices at the polls but also target advocacy efforts. If a candidate in your state supports cannabis reform, your vote could help secure their seat and advance legalization. 
If they oppose it, now is the time to make your voice heard through petitions, letters and calls to ensure elected officials know how important cannabis reform is to their constituents.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41233018/exclusive-ross-gerber-sees-tsunami-of-money-pouring-into-cannabis-companies-upon-federal-legaliz">EXCLUSIVE: Ross Gerber Sees &#8216;Tsunami Of Money&#8217; Pouring Into Cannabis Companies Upon Federal Legalization, Says Cannabis Is One Of &#8216;Biggest&#8217; Opportunities Beyond AI</a>
<h3 class="wp-block-heading">Filibuster Schmilibuster: Why Your Vote Can Smoke Out Senate Stalling</h3>
At the federal level, the filibuster has stalled cannabis reform despite growing public support. The MORE Act and SAFE Banking Act are key pieces of legislation that have struggled to gain enough momentum to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/09/34731016/safe-banking-act-headcount-challenge-can-it-reach-60-votes-in-the-senate-analyst-ta">overcome the 60-vote filibuster threshold in the Senate</a>. That's why understanding your senators&#8217; positions is critical.
The <a href="https://www.mpp.org/takeaction/election-central/voter-guides/2024-gubernatorial-cannabis-voter-guide/">MPP guide</a> helps voters determine which senators are blocking reform and which ones are pushing it forward. By using the guide, you can strategically advocate for reform by contacting your senators and urging them to support cannabis legalization. In a closely divided Senate, every vote and every voice matters. This election is an opportunity to break through the Senate's block and make real progress on cannabis reform.
<h2 class="wp-block-heading">Key Races To Watch</h2>
With 24 states and Washington D.C. already legalizing adult-use cannabis, this election could see further expansion in states like Florida, North Dakota, and South Dakota, where voters will decide on cannabis reform initiatives.
Read Also:<a href="https://www.benzinga.com/markets/cannabis/24/10/41237666/exclusive-tax-changes-could-unlock-hundreds-of-millions-in-cash-flow-for-cannabis-sector-experts"> EXCLUSIVE: Tax Changes Could Unlock &#8216;Hundreds Of Millions In Cash Flow&#8217; For Cannabis Sector, Experts Predict</a>
Several key races stand out this year. 
<h3 class="wp-block-heading">Arizona </h3>
In <a href="https://www.benzinga.com/topic/arizona-cannabis">Arizona</a>, Ruben Gallego (D) has been a consistent advocate for federal cannabis legalization, supporting both the MORE Act and the SAFE Banking Act. His opponent, Kari Lake (R), has opposed cannabis reform, providing a clear contrast for voters who support legalization.
<h3 class="wp-block-heading">Florida </h3>
In <a href="https://www.benzinga.com/topic/florida-cannabis">Florida</a>, Debbie Mucarsel-Powell (D) backs Amendment 3, which seeks to legalize adult-use cannabis and has highlighted the barriers Black farmers face in the cannabis industry. Meanwhile, Rick Scott (R) has remained firmly against adult-use legalization and has opposed the SAFE Banking Act, making this race pivotal for cannabis reform in the state.
<h3 class="wp-block-heading">North Dakota </h3>
In <a href="https://www.benzinga.com/topic/north-dakota-cannabis">North Dakota</a>, while voters will consider adult-use legalization, candidates like Kelly Armstrong (R) have voiced opposition to broader cannabis reform, though he has supported banking-related measures. This reflects the divided stance on cannabis issues in the state.
<h3 class="wp-block-heading">D.C. </h3>
At the federal level, Sherrod Brown (D-OH) has been a supporter of cannabis reform, consistently advocating for federal legalization and expanded banking access for cannabis businesses. In contrast, figures like Rick Scott (R) and Ted Cruz (R) of Texas remain staunchly opposed to broader cannabis reforms, including the SAFE Banking Act.
If you're serious about being part of this green wave, the <a href="https://www.mpp.org/takeaction/election-central/voter-guides/2024-us-senate-candidates/">MPP voter guide </a>is your ticket to the insider knowledge that can make a difference. Who's ready to call their senator? Visit <a href="http://www.mpp.org" title="www.mpp.org">www.mpp.org</a> to explore the full guide.&nbsp;
Read Next:<a href="https://www.benzinga.com/markets/cannabis/24/10/41237107/exclusive-curaleafs-boris-jordan-says-cannabis-company-has-made-massive-leap-expects-european-bu"> EXCLUSIVE: Curaleaf&#8217;s Boris Jordan Says Cannabis Company Has Made &#8216;Massive&#8217; Leap, Expects European Business To &#8216;Double&#8217; Next Year Despite Market Risks</a>

Markets

It's Your Constitutional Right: How You Can Break The Senate's Block On Cannabis Legalization

This will be the company&#39;s first property in Kyoto and its third property in Japan.&nbsp;Renovation is anticipated to begin in the&nbsp;second quarter&nbsp;of 2025, with project completion expected in the&nbsp;first quarter&nbsp;of 2026. The start of sales for the property is expected to begin in the&nbsp;second quarter&nbsp;of 2025.

Hilton Grand Vacations Purchases The Citadines Kyoto Karasuma Gojo In Kyoto, Japan; No Terms Disclosed

T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) has outperformed the market over the past 10 years by 11.3% on an annualized basis producing an average annual return of 23.11%. Currently, T-Mobile US has a market capitalization of $246.63 billion. 
Buying $1000 In TMUS: If an investor had bought $1000 of TMUS stock 10 years ago, it would be worth $7,844.35 today based on a price of $211.38 for TMUS at the time of writing.
<h3>T-Mobile US's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728423028_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TMUS

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $7,800 Today

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 5 years by 9.06% on an annualized basis producing an average annual return of 23.2%. Currently, Reliance has a market capitalization of $15.59 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 5 years ago, it would be worth $278.89 today based on a price of $283.46 for RS at the time of writing.
<h3>Reliance's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728423023_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Reliance 5 Years Ago Would Be Worth Today

Media companies are bringing in key figures to help with viewership on the night of the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
Two key figures from a hush money trial against former President Donald Trump will be featured in coverage on election night.
What Happened: Stormy Daniels and Michael Cohen are among the key election night featured guests lined up for a media partnership between U.K. broadcaster Channel 4 and U.S. <a href="https://www.benzinga.com/topic/cnn">media company CNN</a>, which is owned by Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>).
Due to the significance of the 2024 U.S. presidential election and worldwide interest, Channel 4 is devoting eight hours of live programming to the event and utilizing a pact with CNN to help with a lineup of guests.
Channel 4's live programming is set to be hosted by Krishnan Guru-Murthy and Emily Maitlis from Washington D.C., according to a <a href="https://www.hollywoodreporter.com/tv/tv-news/election-2024-cnn-brian-cox-channel-4-1236026602/">report </a>from The Hollywood Reporter.
To help with its "groundbreaking" coverage of the U.S. presidential election, Channel 4 will feature guest stars that include Daniels, Cohen, Caitlyn Jenner, Boris Johnson and Brian Cox.
Channel 4's special is tentatively titled "America Decides: U.S. Election Results." It will air from 10:15 p.m. UK time until early morning.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: This marks Channel 4's first overnight coverage of the U.S. election in 32 years, according to the report.
While Channel 4 is publicly owned and relies on advertising, the partnership and guest lineups could put CNN on the radar as seeing potential viewership strength in its U.S. coverage.
"Channel 4's first-ever partnership with CNN will enable the sharing of guests, reporters, graphics and data across the night," Channel 4 said.
While CNN has not announced its full line-up of election night guests, it's quite possible that Daniels, Cohen and other named parties above will be part of it. The sharing of guests between CNN and Channel 4 could help both media companies throughout the day of coverage. CNN will be one of many U.S. companies covering the election outcomes live. 
With their past connections to Trump, Daniels and Cohen could offer a deeper insight into the personal implications for the former president, whether he wins or loses the election.
Both Daniels and Cohen testified against the former president in the hush money trial, where he <a href="https://www.benzinga.com/general/politics/24/05/39100065/trump-found-guilty-on-all-34-counts-in-hush-money-criminal-trial-heres-what-happens-next">was found guilty</a> on 34 counts of falsifying business records.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/09/40754802/trump-hush-money-sentencing-will-now-take-place-after-2024-election-to-avoid-any-appearance-to-a">Trump Hush Money Sentencing Will Now Take Place After 2024 Election: &#8216;To Avoid Any Appearance … To Affect The Approaching Presidential Election&#8217;</a></li>
</ul>
Photo: Shutterstock

Entertainment

Trump's Old Frenemies, Stormy Daniels And Michael Cohen, Go Global With 2024 Election Night Coverage In US, UK

Contracts

Silvercorp Metals Says SGX Mine Permit Has Been Renewed For Another 11 Years With Increased Capacity Of 500,000 Tonnes Per Year

Subsidiary ACO is one of six awardees being announced today for&nbsp;deconversion, with a minimum contract value of&nbsp;$2 million&nbsp;and a maximum value for all awardees of&nbsp;$800 million.&nbsp; The ultimate dollar amount associated with this award will depend upon what task orders ACO is subsequently issued and their value.

Centrus Energy Wins Award From US Department Of Energy To Support Deployment Of Technology And Equipment For HALEU Deconversion

This is an indefinite-delivery, indefinite-quantity contract where future orders will be solicited by DOE from those who received awards, including NFS. The minimum ordering guarantee is&nbsp;$2 million.

BWXT

BWX Technologies Says NFS Subsidiary Was Selected By US Department of Energy As One Of The Successful Bidders For High-Assay Low-Enriched Uranium Deconversion Services

PLTR

SRFM

On October 2, 2024, Surf Air Mobility Issued To Palantir Technologies An Aggregate Of 1.27M Shares Of Common Stock For In-kind Services Worth $1.6M - Filing

Source: <a href="https://www.streetwisereports.com/article/2024/10/04/shallow-high-grade-uranium-mineralization-expands-at-co-s-project.html?utm_medium=feed">Streetwise Reports 10/04/2024</a>
Baselode Energy Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bsenf#OTC">BSENF</a>) has reported positive uranium assay results from three drill holes of the 2024 drill program at its Ackio prospect, located in the Athabasca Basin, Northern Saskatchewan. These results highlight the shallow depth and high-grade mineralization that continue to characterize the Ackio prospect.
Notably, drill hole AK24-119 intersected 0.28% U3O8 over 21.0 meters, including a high-grade section of 1.55% U3O8 over 1.5 meters at a depth of 141 meters. While drill hole AK24-118 returned 0.59% U3O8 over 8.5 meters, including 1.25% U3O8 over 1.5 meters at a depth of 153 meters.
CEO James Sykes commented in the press release, &quot;These results strengthen our confidence in Ackio. It&#39;s remarkable that, just over three years after discovering Ackio, we&#39;re still achieving better-than-expected grades and widths.&quot;
Baselode expects further assay results from the remaining 40 drill holes to be released after quality review and approval.
<h2>Looking At The Uranium Sector</h2>
The uranium market has experienced notable growth in recent years. As Kitco wrote on September 25, &quot;Despite recent market corrections, uranium and uranium-related equities have outperformed other asset classes over the long term&quot; with the U3O8 uranium spot price seeing significant rises in the last five years. The long-term fundamentals of the market remained strong, with Kitco noting that &quot;global uranium supply lagging behind demand&quot; could lead to higher prices as utilities are &quot;forced to secure long-term contracts.&quot;
<blockquote class="callOut left">Jeff Clark of The Gold Advisor expressed enthusiasm for the company in an October 3 update, stating that the results from the drill program were better than expected, with high-grade uranium intersected in two keyholes.</blockquote>
Chris Temple of The National Investor similarly commented on September 25, &quot;Uranium and nuclear power are clearly back, with long-term demand increasing, driven by significant developments like the restart of nuclear facilities.&quot;
He observed that the sector appeared to be moving past its consolidation phase. He advised, &quot;Now is the time to rebuild exposure to uranium and nuclear power.&quot;
The Financial Times, also writing on September 25, highlighted the impact of the ongoing geopolitical climate on uranium pricing, stating that &quot;the conversion and enrichment prices are reflecting a much bigger supply squeeze due to the Russia-Ukraine war and other factors.&quot; They also pointed to the increasing prices for nuclear fuel, suggesting that &quot;higher nuclear fuel prices are likely to continue as existing conversion facilities face delays.&quot;
<h2>Baselode&#39;s Catalysts</h2>
The Ackio prospect remains a strong catalyst for Baselode Energy&#39;s growth, as the shallow and high-grade uranium mineralization continues to yield favorable results. Baselode&#39;s exploration strategy focuses on near-surface, basement-hosted uranium, which offers the potential for low-cost extraction.
As highlighted in the company&#39;s investor presentation, the Ackio discovery includes nine uranium pods, with mineralization starting as shallow as 25 meters below the surface. The ongoing drilling campaign, which has completed over 30,000 meters since 2021, further enhances the company&#39;s resource potential. With over US$20 million in the treasury, Baselode is well-funded to continue advancing Ackio and other projects, including the Catharsis project currently in drilling.
<h2>What Third-Party Experts Are Saying</h2>
David Talbot, Managing Director at Red Cloud Securities, noted in a September 17 report that drilling at Ackio has &quot;continued to expand the mineralized footprint at Pods 1, 6, and 7&quot; highlighting that &quot;thirteen holes reported composite intervals of anomalous radioactivity between 11m and 42m in thickness.&quot;
In his report, Talbot rated the stock as a Buy and further projected the potential for &quot;8-10-12 million pounds of U3O8 at a grade of ~0.3% U3O8&quot; which aligns with typical grades found in the southeastern part of the Athabasca Basin.
Additionally, Jeff Clark of The Gold Advisor expressed enthusiasm for the company in an October 3 update, stating that the results from the drill program were better than expected, with high-grade uranium intersected in two keyholes. Clark observed that &quot;the stock popped on the news, on heavy volume, investors obviously liking the results.&quot;
He also pointed out that Baselode&#39;s shallow mineralization at Ackio could make future mining operations more economically viable, noting the project&#39;s competitive advantage compared to deeper deposits elsewhere in the Athabasca Basin.
<h2>Ownership and Share Structure</h2>
According to Refinitiv, Baselode has institutions holding 23.26% with Alps Advisors holding the bulk of it with 17.94%, followed by Vident Investment Advisory LLC at 2.97%. Management and Insiders hold 1.59%. The rest is retail.
The company has a market cap of US$12.63 million, according to Market Watch, with 131.51 free float shares. It trades in the 52-week range between US$0.0778 and US$0.4491.
Important Disclosures:
1) James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
2) This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

Penny Stocks

Small Cap

BSENF

Shallow High-Grade Uranium Mineralization Expands at Co.'s Project

Osisko recorded preliminary revenues from royalties and streams of C$57.3 million&nbsp;during the&nbsp;third quarter&nbsp;and preliminary cost of sales (excluding depletion) of C$2.2 million, resulting in a quarterly cash margin&nbsp;of approximately C$55.1 million&nbsp;(or&nbsp;96.3%).
As at September 30th, 2024, Osisko&#39;s cash position was C$58.5 million.&nbsp;The net debt position as of September&nbsp;30, 2024 was reduced to C$22.2 million&nbsp;during the&nbsp;third quarter&nbsp;following debt repayments of C$27.3&nbsp;million.

Osisko Reports 18,408 Attributable Gold Equivalent Ounces In Q3 On Preliminary Basis

AstraZeneca (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/azn#NASDAQ">AZN</a>) announced that it has signed an exclusive license agreement with China-based CSPC Pharmaceutical Group Ltd for developing an early-stage, small molecule Lipoprotein (a) (Lp(a)) disruptor for helping patients with dyslipidaemia.
The latest agreement is likely to strengthen AstraZeneca&#39;s cardiovascular pipeline, which is being studied for treating various cardiovascular diseases.
Year to date, shares of AstraZeneca have rallied 14.1% compared with the industry&#39;s rise of 18.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fa/80674.jpg?v=23295027" />
Image Source: Zacks Investment Research
<h2>More on AZN&#39;s Latest Agreement</h2>
Per the deal, AZN will make an upfront payment of $100 million to CSPC. The company is also entitled to pay up to $1.92 billion for further development and commercialization milestones plus tiered royalties to CSPC.
Per the latest agreement with CSPC, AstraZeneca will gain access to the latter&#39;s pre-clinical candidate, YS2302018, an oral Lp(a) disruptor, and develop the same for various cardiovascular diseases. The company will develop YS2302018 alone or in combination studies, including with the oral small molecule PCSK9 inhibitor, AZD0780.
Discovered by CSPC, YS2302018 has been shown to effectively prevent the formation of Lp(a), a form of low-density lipoprotein&nbsp;that plays a key role in transporting cholesterol in the bloodstream.
Per the company, the addition of YS2302018 to AZN&#39;s cardiovascular pipeline might help patients to more effectively manage their dyslipidaemia and cardiometabolic diseases.
<h2>AZN&#39;s Airsupra Meet Goal in BATURA Study</h2>
In a separate press release, AstraZeneca announced positive data from the phase IIIb BATURA study, which evaluated its pressurized metered-dose inhaler (pMDI), Airsupra (albuterol/budesonide).
Data from the study showed that treatment with Airsupra led to a statistically significant and clinically meaningful reduction in the risk of a severe exacerbation when used as an as-needed rescue medication in response to symptoms versus as-needed albuterol in patients with intermittent or mild persistent asthma. This was the primary endpoint of the BATURA study.
Airsupra is approved for as-needed treatment or prevention of bronchoconstriction and to reduce the risk of exacerbations in people with asthma aged 18 years and above in the United States. It is the first and only anti-inflammatory rescue medication for the given condition.
<h2>AZN&#39;s Zacks Rank &amp; Other Stocks to Consider</h2>
AstraZeneca currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the biotech sector are ANI Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anip#NASDAQ">ANIP</a>), ADMA Biologics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adma#NASDAQ">ADMA</a>) and Alnylam Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alny#NASDAQ">ALNY</a>), each sporting a Zacks Rank #1 (Strong Buy) at present. In the past 60 days, estimates for ANI Pharmaceuticals&#39; 2024 earnings per share have moved up from $4.53 to $4.81. Earnings per share estimates for 2025 have improved from $5.38 to $5.86. Year to date, shares of ANIP have increased 1.3%.
ANIP&#39;s earnings beat estimates in each of the trailing four quarters, with the average surprise being 31.32%.
In the past 60 days, estimates for ADMA Biologics&#39; 2024 earnings per share have increased from 35 cents to 49 cents. Earnings per share estimates for 2025 have improved from 53 cents to 64 cents. Year to date, shares of ADMA have surged 346.5%.
ADMA&#39;s earnings beat estimates in each of the trailing four quarters, with the average surprise being 105.63%.
In the past 60 days, estimates for Alnylam&#39;s 2024 loss per share have narrowed from $1.20 to 63 cents. Loss per share estimates for 2025 have narrowed from 34 cents to 27 cents. Year to date, shares of ALNY have rallied 39.4%.
ALNY&#39;s earnings beat estimates in each of the trailing four quarters, with the average surprise being 108.53%.
<a href="https://www.zacks.com/stock/news/2347767/astrazeneca-inks-agreement-to-boost-cardiovascular-pipeline?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2347767">To read this article on Zacks.com click here.</a>

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AstraZeneca Inks Agreement to Boost Cardiovascular Pipeline

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