ProStar Holdings (OTC:MAPPF) Stock, Quote.Headers.trade-ideas

ProStar Holdings Inc is engaged in developing Software-as-a-Service (SaaS)-based solutions, providing patented Geospatial Intelligence Software designed to enhance the management and maintenance of the asset lifecycle for asset centric industries.

ProStar Holdings Inc

Steve Cohen, a billionaire hedge fund founder, has <a href="https://www.benzinga.com/markets/cannabis/23/10/35042757/steve-cohen-keeps-betting-on-biopharma-with-purchase-of-119m-bionomics-shares">hung up his spurs </a>as a trader after four decades.
Cohen, 68, will still remain its co-chief investment officer at Point 72 Asset Management with Harry Schwefel, but he has backed away from investing clients&#8217; capital to focus on firm growth, mentoring and talent development, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-17/steve-cohen-stops-trading-for-point72-marking-the-end-of-an-era?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>.
Cohen founded Stamford, Connecticut-based Point72 in 2014 after his prior company, S.A.C. Capital Advisors, pled guilty to insider trading.
"There's huge value in having Steve as an impactful mentor for our investment professionals," Point72 spokesperson&nbsp;Tiffany Galvin-Cohen&nbsp;said in an emailed statement. "He's been doing this for 40 years, and he's seen a lot. That's what gives him the most satisfaction these days — helping people succeed and seeing it make a difference — and where he feels he can add the most value."
Read Also: <a href="https://www.benzinga.com/general/hedge-funds/24/08/40470248/hedge-funds-swap-yen-for-dollar-in-new-carry-trade-strategy-report">Hedge Funds Swap Yen For Dollar In New Carry Trade Strategy: Report</a>
His firm has raised almost $12.8 billion since 2020 and managed a record $35.2 billion as of July 1. Point72 gained about 10% this year through August and is considering returning profits to clients in 2025.
S.A.C. Capital Advisors paid a record $1.8 billion fine to settle a seven-year federal insider-trading probe after pleading guilty in 2013 to making hundreds of millions of dollars in illegal profits and allowing insider trading.
After the firm's guilty plea, Cohen changed its name to Point72, returned client capital and traded using his own fortune. By early 2018, he was back to managing money for outside investors.
Cohen, who also owns the New York Mets, has a net worth of $14.7 billion, putting him among the 100 richest people in the world, according to the&nbsp;Bloomberg Billionaires Index.
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Photo: Point72

Hedge Funds

Markets

Point72's Steve Cohen Ends 40-Year Run As Trader, Will Continue At Hedge Fund To Advise

News

Offerings

Sonoco Products Priced Offering Of Senior Unsecured Notes In Combined Aggregate Principal Amount Of $1.8B

Martin Condon, a prominent cannabis campaigner from Cork, Ireland, has been convicted of multiple counts of <a href="https://www.benzinga.com/markets/cannabis/24/09/40899811/aurora-auto-flowering-research-set-to-transform-cannabis-cultivation-in-high-latitude-regions">cultivating cannabis. </a>
<a href="https://www.irishexaminer.com/news/courtandcrime/arid-41477905.html">According</a> to the Irish Examiner, Condon faced the Cork District Court after openly planting cannabis plants across various locations in Cork City, including outside City Hall and Mayfield Garda Station.
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<h3 class="wp-block-heading">Public Activism Meets Legal Consequences</h3>
Condon, who frequently documented his activism on social media under the banner "Martin's World," used these videos as a form of protest against the restrictive cannabis laws in Ireland. 
His court case included several of these videos, which showed him planting cannabis in broad daylight while explaining his motivations. While watching one of the videos, Judge John King remarked, "It is laughable really that this is a crime."
Throughout his trial, Condon, dressed in a vibrant tracksuit adorned with cannabis leaves, defended his actions as a form of civil disobedience. 
In court, he explained: &#8220;Basically, all of the evidence is of me holding a civil disobedience protest. I felt frustrated, I suppose, with the dead ends met when trying to <a href="https://www.benzinga.com/markets/cannabis/23/11/35616272/medical-marijuana-clinic-in-ireland-now-open-for-patients-eligible-for-treatment">obtain cannabis as a patient.</a>&#8221; He suffers from worsening epilepsy and argued that his actions were intended to initiate a national conversation about cannabis access for patients.
<h3 class="wp-block-heading">Defense And Prosecution</h3>
Condon's defense team, led by solicitor Aoife Buttimer, framed his actions as a deliberate attempt to challenge what they consider unjust laws. 
"There was nothing sophisticated about the offending. He didn't try to conceal it. He refers to it as civil disobedience protest," Buttimer argued. 
Despite this defense, the court proceedings were rigorous. Inspector Clodagh O'Sullivan presented evidence of the video recordings, while Condon's defense highlighted that the plants he used were non-intoxicating hemp varieties.
"The cannabis plants I planted were all of the genus cannabis, but they were all hemp that would have got nobody high. They would have intoxicated no person," Condon said. &#8220;The risk to the public from these plants was next to non-existent. I was the only person at risk by my actions." 
Moreover, he invoked Martin Luther King's principle: "I have a moral duty to disobey unjust laws," and expressed his intention to spark a national conversation and "have his day in court." 
<h3 class="wp-block-heading">Verdict And Sentencing</h3>
Judge King ultimately convicted Condon on five of the six counts of cannabis cultivation. One count was dismissed due to the plant in question not being planted. 
The sentencing has been adjourned until November 25, with a probation report to be prepared on Condon. Judge King queried whether Condon's activism had ceased, to which Condon responded that his worsening epilepsy had impeded his ability to continue his protest activities, which took place between April and September 2021.
Read Next:
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</ul>
Cover image made with AI.

Cannabis

Eurozone

Legal

'A Moral Duty To Disobey Unjust Laws': Irish Activist Convicted For Planting Weed In Public Spots —Including City Hall

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) on Tuesday announced a strategic collaboration to develop advanced AI capabilities for enterprises with autonomous agent and <a href="https://www.benzinga.com/pressreleases/24/09/b40909010/salesforce-and-nvidia-forge-strategic-collaboration-to-advance-ai-agent-innovation">interactive avatar experiences. </a>
The Details: The companies said they will work together to deliver optimized predictive and generative AI workflows by bringing together the NVIDIA AI platform, the Salesforce Platform and <a href="https://www.benzinga.com/news/24/09/40844152/what-happened-with-salesforce-stock-today">Agentforce</a>. The companies expect the collaboration to deliver advances in AI platform performance and model throughput to improve productivity and effectiveness of interactions across industries.
Salesforce and NVIDIA will also collaborate on AI agent avatars with NVIDIA ACE, a collection of digital human technologies and NIM microservices, and Agentforce to enable human-like experiences when customers or employees interact with Agentforce agents.&nbsp;
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&#8220;In the future, every company, every job will be enhanced by a wide range of AI agents — assistants that will transform how we work,&#8221; said NVIDIA founder and CEO Jensen Huang. 
&#8220;NVIDIA and Salesforce are bringing together our technologies to accelerate the development of AI agents for companies to supercharge their productivity,&#8221; Huang added.&nbsp;
NVDA, CRM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Nvidia shares ended Tuesday's session down 1.02% at $115.59 and Salesforce shares closed down 0.65% at $255.19. 
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Photo: Shutterstock

Large Cap

Movers

Tech

NVDA

NVIDIA, Salesforce Announce Strategic AI Collaboration: What To Know

Politan is&nbsp;an&nbsp;8.9%&nbsp;shareholder of Masimo Corporation.&nbsp;

MASI

Politan Capital Management Says Glass Lewis Reiterates Recommendation That Masimo Shareholders Vote For Both of Politan's Independent Director Nominees

New York City is intensifying its efforts to curb illegal cannabis sales as a City Council committee meets today, Sept. 17, to assess the impact of Mayor Eric Adams&#8216; <a href="https://www.benzinga.com/markets/cannabis/24/08/40615428/4-tons-of-seized-marijuana-burnt-to-a-crisp-by-nyc-mayor-adams-top-cop-sheriff-join-the-cannabis">&#8220;Operation Padlock to Protect.&#8221;</a>
Launched in May of 2024, the initiative grants law enforcement the authority to inspect smoke shops and cannabis retailers, padlocking any stores found selling illegal cannabis.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40383430/ny-city-council-to-hochul-stop-cannabis-buffer-zone-loosening-because-it-encourages-illegal-sale">NY City Council To Hochul: Stop Cannabis Buffer Zone Loosening Because &#8216;It Encourages Illegal Sales&#8217;</a>
Authorities have shuttered 210 stores in the Bronx alone under the program, including Family Deli on East Tremont Avenue, where they confiscated over 170 pounds of cannabis, News12Brooklyn<a href="https://brooklyn.news12.com/has-operation-padlock-to-protect-been-effective"> reported.</a>
Mayor Adams recently confirmed that by the end of August, officials had sealed 1,000 illegal <a href="https://www.benzinga.com/markets/cannabis/24/07/40085217/new-york-shuts-down-over-1-000-illegal-cannabis-stores-boosting-legal-sales-by-72">cannabis shops citywide.</a>
<h3 class="wp-block-heading">Operation Padlock&#8217;s Impact On Legal Cannabis Businesses</h3>
Operation Padlock has been a game-changer for licensed cannabis retailers in New York. Many shop owners reported a substantial increase in sales after the crackdown began. 
According to statements made to Governor Kathy Hochul&#8217;s office, legal cannabis businesses experienced a 72% rise in sales within three months of the operation&#8217;s launch.
Licensed cannabis operators have long struggled to compete with unlicensed retailers that have been able to undercut prices. By shutting down illicit businesses, the city is helping to level the playing field for those following the rules.
<h3 class="wp-block-heading">Next Steps For Operation Padlock</h3>
The City Council will review the overall effectiveness of Operation Padlock, focusing on how authorities store and dispose of seized products. As enforcement continues, the city hopes to prevent illegal businesses from reopening under different names or in new locations.
City officials encourage New Yorkers to report concerns about illegal cannabis sales to the 311 hotline. Still, some question the legality of the proceedings.
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<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39322748/unlicensed-cannabis-sellers-fight-back-suing-nyc-for-unconstitutional-crackdowns">Unlicensed Cannabis Sellers Fight Back, Suing NYC For &#8216;Unconstitutional&#8217; Crackdowns</a></li>
</ul>

Is Mayor Adams' Crackdown On Illegal Cannabis Working? NYC Council Weighs In After 1,000+ Store Closures

Whether the Federal Reserve will implement a 25-basis-point reduction or a 50-basis-point cut, is top of mind <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40908202/10-etfs-investors-secretly-bought-before-the-feds-make-or-break-interest-rate-cal">ahead of Wednesday&#8217;s meeting</a>.
But there&#8217;s an "even bigger question" to answer, Thomas Hayes of Great Hill Capital tells Benzinga.
What will Japan's central bank decide at its meeting on Friday? Recall how Japan's <a href="https://www.benzinga.com/markets/asia/24/09/40692633/japanese-yen-rallies-on-bank-of-japans-rate-hike-pledge-us-manufacturing-activity-contraction">rate hikes created volatility</a>, particularly in tech stocks.
&#8220;Fed should have cut [rates] in August,&#8221; Hayes says. Instead, Japan&#8217;s central bank hiked and the Fed didn't. As a result, &#8220;it created a liquidity mismatch that caused an abrupt selloff&#8221; in <a href="https://www.benzinga.com/topic/magnificent-seven">the Magnificent Seven stocks</a>.
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If the Bank of Japan (BoJ) meets Friday and hikes again while the Fed only cuts 25 basis points, more turbulence could arise, Hayes predicts. Things should be alright if the Fed cuts 50 basis points and the BoJ hikes 25 basis points, he says. Likewise, if the BoJ keeps rates unchanged and the Fed cuts 25 basis points. The Fed's Decision: Of the last three 50 basis-point cuts, March 2020 &#8220;worked great,&#8221; Hayes recalls. The cuts from September 2007 and January 2001 each has a &#8220;bad outcome.&#8221;
Fed Fund Futures suggest a 65% chance of a 50 basis-points cut, though Hayes isn't sure. 
A cut that size could suggest the Fed is falling behind. It might also give the appearance of political motivation, which the Fed will most likely try to avoid. With the effective federal funds rate (EFFR) at 5.33%, more than 230 basis points above inflation, Hayes believes monetary policy is already too restrictive.
Hayes expects the Fed will go with a 25 basis points cut paired with dovish commentary, suggesting further cuts in November and December. While the market is pricing in 100-125 basis points of cuts by year-end, Hayes is in the 75-100 basis points of reductions camp.
Hayes also points to stronger-than-expected growth, with Q3 GDPNow estimates at 2.5% and 15% earnings per share (EPS) growth forecast for 2024. "Hard to have a recession with GDP growing over 2%," Hayes said.&nbsp;
Hayes is not repositioning ahead of the rate cuts. However, other major funds made significant moves in the second quarter ahead of the rate-cut cycle. According to <a href="https://hedgefollow.com/Largest-Hedge-Fund-Buys.php">HedgeFollow</a>:
<ul>
<li>Berkshire Hathaway <a href="https://www.benzinga.com/markets/24/08/40303410/warren-buffett-declares-shift-selling-apple-stock-to-invest-in-this-magnificent-megacap-heres-why">sold</a> more Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares</li>
<li>State Street <a href="https://www.benzinga.com/news/24/06/39368302/state-street-technology-etf-to-put-nvidia-before-apple-in-revamp">bought</a> Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares</li>
<li>Coatue <a href="https://drupal-cloudfront.benzinga.com/trading-ideas/long-ideas/24/08/40423475/legendary-hedge-fund-coatue-buys-nvidia-stock-hand-over-fist-ups-stake-nearly-10x">picked up</a> Nvidia and Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)</li>
<li>Two Sigma bought CME Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) shares.</li>
</ul>
Now Read: <a href="https://www.benzinga.com/markets/equities/24/09/40909187/s-p-500-briefly-hits-record-high-just-ahead-of-fed-rate-cut-extends-7-day-winning-streak-tuesday">S&amp;P 500 Briefly Hits Record High Just Ahead Of Fed Rate Cut, Extends 7-Day Winning Streak</a>
Image: Shutterstock

Global

General

AAPL

DELL

As Fed Gears Up For Cuts, One Hedge Funder Is Focused On A Bigger Catalyst: Japan's Central Bank

Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) shares are blasting higher in extended trading Tuesday after the company announced it was awarded a NASA contract for communication and navigation services in the near space region, which extends from <a href="https://www.benzinga.com/pressreleases/24/09/g40909157/nasa-awards-intuitive-machines-near-space-network-contract-with-a-maximum-potential-value-of-4-82-">Earth&#8217;s surface to beyond the Moon.</a>
The Details: The contract is a new firm-fixed-price, multiple award, indefinite-delivery/indefinite-quantity (IDIQ) task order contract with a base period of five years and an additional five-year option period, with a maximum potential value of $4.82 billion. 
The incrementally funded base ordering period begins Oct. 1, 2024 and goes through Sept. 30, 2029, with the option period potentially extending the contract through Sept. 30, 2034.
Intuitive Machines highlighted the debut of its lunar satellite constellation in connection with the contract.&nbsp; The company said the satellite constellation will deploy lunar relay satellites and provide communication and navigation services that play an essential role in NASA&#8217;s Artemis campaign to establish a long-term presence on the Moon.
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&#8220;This contract marks an inflection point in Intuitive Machines&#8217; leadership in space communications and navigation,&#8221; said Intuitive Machines CEO Steve Altemus. &#8220;We&#8217;re pleased to partner with NASA, as one team, to support the Artemis campaign and endeavors to expand the lunar economy.&#8221;
LUNR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Intuitive Machines shares are up 37.04% after-hours at $7.40 at the time of publication Tuesday. 
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</ul>
Photo: Courtesy of Intuitive Machines, Inc.

After-Hours Center

LUNR

Why Intuitive Machines' Stock Is Blasting Off In Extended Trading

Vehicle 2 will be used for commercial operations going forward.&nbsp;Completion of this testing is intended to certify the vehicle for water depths exceeding 2000 meters.
Development and testing of additional Aquanaut Mark 2 capabilities will continue with Vehicle 1, currently undergoing a deepwater electronics upgrade in&nbsp;Houston. Open water testing is expected to begin at&nbsp;Florida Atlantic University&nbsp;(FAU) later this year.

KITT

Nauticus Robotics Commences Its Second Round Of Qualification Testing Of Its Flagship Underwater Vehicle, Aquanaut Mark 2, In The Gulf Of Mexico

ENLC intends to fund the redemption and associated costs with borrowings under its revolving credit facility.

ENLC

EnLink Midstream Reports Redemption Of Its 6.000% Series C Fixed-to-floating Rate Cumulative Redeemable Perpetual Preferred Units

Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) closed lower Tuesday after the company outlined its long-term growth strategy at <a href="https://www.benzinga.com/pressreleases/24/09/b40908084/electronic-arts-outlines-long-term-growth-strategy-at-investor-day">its Investor Day event. </a>
The Details: EA shared an in-depth look at the initiatives and experiences driving its strategic pillars to accelerate growth and outlined how AI drives efficiency, expansion and transformation at EA. The company said it is on track toward the high end of the net bookings guidance for the second quarter and fiscal year. 
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EA said it expects sustained growth in EA SPORTS and outlined plans for new business opportunities beyond gaming, including the EA SPORTS App. It described the EA SPORTS App as socially driven with sports content, live sports data, interactivity and gaming centered on global football. 
"We are excited to unveil an in-depth look inside the growing scale and scope of our IP portfolio, as we accelerate engagement and social connection in and around our biggest franchises,&#8221; said Andrew Wilson, CEO of EA.
&#8220;We are also introducing new experiences and leveraging innovative technology to serve our global communities and attract new audiences, as we continue to transform our business and shape the future of entertainment,&#8221; Wilson added.&nbsp;
EA Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Electronic Arts shares ended Tuesday's session down 2.68% at $142.59.&nbsp;&nbsp;
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</ul>
Photo: Shutterstock

Gaming

What Happened With Electronic Arts Stock Today?

ALCO

Alico Amends Its Credit Agreement With MetLife; Increases Borrowing Capacity Under Revolving Line Of Credit From $25M To $95M, Extends Maturity Date To May 1, 2034

The company announced the pricing of a public offering of an aggregate of 5.55 million common shares (or pre-funded warrants in lieu thereof) accompanied by Series A-1 common warrants to purchase up to 5.55 million common shares and Series A-2 common warrants to purchase up to 5.55 million&nbsp;common shares, at a combined public offering price of&nbsp;$0.72&nbsp;per share (or per pre-funded warrant in lieu thereof) and accompanying Series A-1 common warrant and Series A-2 common warrant.&nbsp;

CYTO

Altamira Therapeutics Reports Pricing Of Up To $12M Public Offering; $4M Upfront With Up To Additional $8M Of Aggregate Gross Proceeds Upon Exercise Of Milestone-linked Warrants

Now that final clearance has been received from regulators, Alaska Airlines can close the transaction and shift focus to obtaining a single operating certificate from the Federal Aviation Administration (FAA).&nbsp;
When the combination was announced, it was shared that Hawaiian Airlines President and CEO&nbsp;Peter Ingram&nbsp;would step down from his role following the transaction close. Current Alaska Airlines regional president of Hawai&#39;i/Pacific,&nbsp;Joe Sprague, will be named chief executive officer of Hawaiian Airlines.
In this role, Sprague will be responsible for leading all aspects of Hawaiian Airlines&#39; operations until the FAA grants&nbsp;Alaska&nbsp;a single operating certificate.

Management

Alaska Air Reveals Interim Honolulu Leadership Team Will Lead The Hawaiian Airlines Operation

Technology giant Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is teaming up with investment company BlackRock and several other partners on a new $30 billion investment fund to target the growing <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence sector.</a>
What Happened: The new investment, which adds to Microsoft's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/01/30527688/microsoft-ramps-efforts-to-build-ai-supercomputer-with-chatgpt-ahead-of-q2-earnings">growing bets on the AI space</a>, includes the participation of BlackRock, Global Infrastructure Partners and MGX.
The investment fund, called Global AI Infrastructure Investment Partnership (GAIIP), will invest in data centers and supporting power infrastructure. The fund will make investments "in new and expanded data centers to meet growing demand for computing power."
The fund partners <a href="https://www.businesswire.com/news/home/20240917764857/en/BlackRock-Global-Infrastructure-Partners-Microsoft-and-MGX-Launch-New-AI-Partnership-to-Invest-in-Data-Centers-and-Supporting-Power-Infrastructure">said </a>the investments will help the U.S. fuel "AI innovation and economic growth."
Investments will also be made in U.S. partner countries.
The announcement said NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) will support the newly formed GAIIP by offering "its expertise in AI data centers and AI factories to benefit the AI ecosystem."
"NVIDIA will use its expertise as a full stack computing platform to support GAIIP and its portfolio companies on the design and integration of AI factories to propel industry innovation," Nvidia CEO Jensen Huang said.
While the fund initially seeks to invest $30 billion from investors, asset owners and corporations, the total investment could hit $100 billion when debt financing is included.
"Mobilizing private capital to build AI infrastructure like data centers and power will unlock a multi-trillion-dollar long-term investment opportunity," BlackRock CEO Larry Fink said. "Data centers are the bedrock of the digital economy."
Microsoft CEO Satya Nadella said the investment shows the company's commitment to advancing AI.
"The Global AI Infrastructure Investment Partnership will help us deliver on this vision, as we bring together financial and industry leaders to build the infrastructure of the future and power it in a sustainable way," Nadella said.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">Microsoft Q4 Earnings Highlights: Revenue Beat, EPS Beat, Cloud Revenue Up 21% YoY, &#8216;Ensuring We Lead The AI Era&#8217;</a>
Why It's Important: The new investment group will seek to improve the competitiveness of the U.S. in the AI space along with meeting the increased need for energy infrastructure.
The partnership brings in companies involved in the field of AI or experienced in securing investments from outside parties, which could make a winning combination.
With the growing demand for artificial intelligence capabilities, investments continue to flow to the sector. The new investment group could attract strong interest given the notable names involved.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36301925/emerging-ai-trends-in-2024-blackrock-sees-shift-beyond-semiconductors-cloud-to-mode">Emerging AI Trends In 2024: BlackRock Sees Shift Beyond Semiconductors, Cloud To Model Infrastructure</a></li>
</ul>

Financing

MSFT

BlackRock, Microsoft, Others Team Up For $30B Artificial Intelligence Fund: Help US Fuel 'AI Innovation And Economic Growth'

Stifel analyst Stephen Gengaro maintains DMC Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOOM#NASDAQ">BOOM</a>) with a Buy and lowers the price target from $19 to $17.

Price Target

Analyst Ratings

BOOM

Stifel Maintains Buy on DMC Glb, Lowers Price Target to $17

IPOs

YHN Acquisition I Limited Prices IPO Of 6M Units At $10.00 Per Unit

&quot;Although this situation will affect revenues in the&nbsp;fourth quarter&nbsp;of 2024, we remain on track to deliver a strong Adjusted EBITDA in the current fiscal year and will be providing more details as part of the release of our&nbsp;third quarter&nbsp;results in October,&quot; the company said.

Guidance

THTX

Theratechnologies Expects EGRIFTA SV Supply Disruption To Affect Revenues In Q4 Of 2024

Truist Securities analyst Jasper Bibb maintains Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) with a Buy and raises the price target from $212.5 to $225.

CTAS

Truist Securities Maintains Buy on Cintas, Raises Price Target to $225

The Company plans to implement measures to carefully manage the inventory levels of&nbsp;EGRIFTA SV&nbsp;to meet patient demand until early January 2025, and estimates that these measures will result in a shortfall of approximately $1.6 million in revenue from&nbsp;EGRIFTA SV&nbsp;for its fiscal year 2024.

Theratechnologies Reveals Risk Of Temporary Supply Disruption For EGRIFTA SV In Early 2025 Caused By An Unexpected Voluntary Shutdown Of Contract Manufacturer's Facility Following FDA Inspection

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