Latest News for Meridian Mining UK Stock (OTC:MRRDF)

Meridian Mining UK Societas is engaged in the exploration and development of mineral deposits in Brazil through its subsidiaries, Jaburi and Rio Cabacal. The Company is currently focused on resource development of the Cabacal Project, the regional scale exploration of the Cabacal VMS belt and the exploration in the Jauru & Araputanga Greenstone belts, all located in the state of Mato Grosso. The Company operates in one operating segment, being the acquisition, exploration and development of exploration and mineral properties in Brazil.

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Stocks That Hit 52-Week Lows On Thursday

MERIDIAN MNG UK SOCIETAS by Meridian Mining UK Societas

Meridian Mining UK Societas

WIIM

ARQQ

Arqit Quantum shares are trading higher after the company announced its partnership with Intel to launch Quantum-Safe, 1.89 Tb IPsec products.

B of A Securities analyst Steve Byrne maintains Eastman Chemical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMN#NYSE">EMN</a>) with a Buy and lowers the price target from $113 to $112.

Price Target

Analyst Ratings

B of A Securities Maintains Buy on Eastman Chemical, Lowers Price Target to $112

Stephens &amp; Co. analyst Tommy Moll upgrades W.W. Grainger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>) from Equal-Weight to Overweight and raises the price target from $1000 to $1250.

Upgrades

Stephens & Co. Upgrades W.W. Grainger to Overweight, Raises Price Target to $1250

CLVR

Clever Leaves Holdings shares are trading lower after the company announced that it will voluntarily delist its common shares from the Nasdaq and deregister its Securities to terminate and suspend its reporting obligations.

Exxon Mobil Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is reportedly in talks with Turkey for a multibillion-dollar deal for liquefied natural gas (LNG) as Ankara seeks to curb its dependence on Russia for energy needs.
Turkish energy minister Alparslan Bayraktar said&nbsp;in an interview,&nbsp;&#8220;The country, which imports nearly all of its natural gas, is seeking to build a&nbsp;&#8220;new supply portfolio&#8221;&nbsp;that will make it less reliant on any single partner,&#8221;&nbsp;<a target="_blank" href="https://www.ft.com/content/37568778-0f17-4749-ba7b-7f0e95dabe8b" rel="noreferrer noopener">reported</a>&nbsp;Financial Times.
Notably,&nbsp;as per the report, Russia is Turkey&#8217;s biggest natural gas supplier, accounting for over 40% of its consumption last year.
Bayraktar stated that Turkey&nbsp;plans to secure up to 2.5 million tonnes of LNG annually through this deal, which could last a decade.&nbsp;
He&nbsp;further&nbsp;added that while the commercial terms of the Exxon deal were still under discussion, the 2.5 million tonnes of LNG shipped to Turkey could currently cost about $1.1 billion.
As for&nbsp;the report, the 2.5 million tonnes of LNG would&nbsp;be enough to&nbsp;cover roughly 7% of&nbsp;Turkey&#8217;s&nbsp;natural gas consumption last year.
Exxon stated that it had initial discussions with the Turkish government regarding potential LNG opportunities but did not comment on the details of its commercial strategy, as per the report.
Last month, Exxon Mobil reportedly said it&nbsp;is ahead&nbsp;of schedule with its plan to double the size of its LNG portfolio to&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37893129/exxon-mobils-lng-expansion-on-track-to-double-by-2030-report" rel="noreferrer noopener">40 million tons per annum by 2030</a>.
Last week, Exxon reported first-quarter results, with revenue of $83.083 billion, exceeding consensus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38459221/exxon-mobils-stock-slides-following-q1-earnings-heres-why" rel="noreferrer noopener">by nearly $5 billion</a>.
Investors can gain exposure to the XOM stock via&nbsp;Energy&nbsp;Select Sector&nbsp;SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)&nbsp;and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Price Action: XOM shares are down 0.10% at $117.84 premarket at the last check Monday.
Photo: Del Henderson Jr. via Shutterstock

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iShares Dow Jones US Energy Sector Index Fund

Turkey Reportedly Turns East For Gas, Reportedly Eyes Exxon Deal To Ditch Russia

The recent slowdown in bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange-traded fund (ETF) inflows is a temporary pause, not a negative trend, according to a report by broker Bernstein.
What Happened: Bernstein&#8217;s research report suggests that the current slowdown in bitcoin ETF inflows is merely a short-term pause before these funds become more integrated with private bank platforms, wealth advisors, and additional brokerage platforms, CoinDesk <a href="https://www.coindesk.com/business/2024/04/29/bitcoin-etf-slowdown-is-a-short-term-pause-not-the-beginning-of-a-negative-trend-bernstein/">reported</a> on Monday. The report notes that the world&#8217;s largest cryptocurrency has been range-bound in terms of price, with no clear momentum on either side <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38341469/happy-bitcoin-halving-day-what-experts-predict-happens-next">following the halving</a>.
The report, penned by analysts Gautam Chhugani and Mahika Sapra, states, &#8220;There is a natural gestation time to bitcoin becoming an acceptable portfolio allocation recommendation and the platforms establishing the compliance framework to sell bitcoin ETF products.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38454567/trader-who-turned-15k-into-5m-predicts-these-4-meme-coins-to-emulate-the-success-of-doge-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trader Who Turned $15K Into $5M Predicts These 4 Meme Coins To Emulate The Success Of DOGE, SHIB, FLOKI</a>
Bernstein maintains its projection of a bitcoin cycle high by 2025 of $150,000, as the &#8220;unprecedented ETF demand inflows have further reinforced our conviction.&#8221; 
The report also notes that the bitcoin mining cycle remains healthy post-halving, with leading players continuing to consolidate market shares. Bitcoin network fees have normalized at a healthy 10% of miners&#8217; revenues after spiking post-halving. The quadrennial reward halving, which took place earlier this month, has slowed the rate of growth in bitcoin supply.
Why It Matters: Cryptocurrency analyst Willy Woo had <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38262656/bitcoin-etfs-could-propel-king-crypto-above-golds-market-cap-says-analyst-these-are-very-c">projected that the introduction of Bitcoin ETFs</a> could potentially drive Bitcoin's price to surpass that of gold. However, there was a<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38454941/spot-bitcoin-etfs-clobbered-by-218m-net-outflow-on-thursday"> significant outflow from Bitcoin ETFs</a>, contradicting the earlier bullish sentiment.
Supporting this outlook, veteran trader Lark Davis <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38463604/bitcoins-consolidation-is-the-calm-before-the-storm-veteran-trader-lark-davis-writes">referred to Bitcoin&#8217;s current consolidation phase</a> as &#8220;the calm before the storm,&#8221; indicating a potential upswing in the future.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro,</a> bitcoin was trading 1.79% lower at $62,359.00 at the time of writing this article.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38460505/are-dogecoin-and-shiba-inu-primed-for-the-next-leg-up?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Are Dogecoin And Shiba Inu Primed For The Next Leg Up?</a>
Photo by 24K-Production on Shutterstock
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

ETFs

$BTC

Bitcoin ETF Slowdown A Brief Pause, Not A Negative Trend: Bernstein Says As BTC Trades 2% Lower

B of A Securities analyst Andrew Obin maintains GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) with a Neutral and raises the price target from $150 to $160.

B of A Securities Maintains Neutral on GE Vernova, Raises Price Target to $160

HTLFP

Trading Halt: Halted at 7:25:40 a.m. ET - Trading Halt: Halt News Pending

HTLF

Elliott Management Corp. has acquired a significant stake in Sumitomo Corp., a Japanese trading company favored by Warren Buffett.
What Happened: The activist investment group&#8217;s stake is reportedly worth &#8220;several tens of billions of yen,&#8221; translating to a 0.2% stake in Sumitomo for every ¥10 billion ($64 million) based on Friday&#8217;s closing share price. The specifics of the stake acquisition and discussions with Sumitomo remain undisclosed, Bloomberg<a href="https://www.bloomberg.com/news/articles/2024-04-28/elliott-said-to-build-large-stake-in-buffett-favored-sumitomo?srnd=homepage-asia"> reported</a> on Monday.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38476449/voters-reveal-whether-they-feel-donald-trump-is-receiving-fair-treatment-in-court-in-latest-poll?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Voters Reveal Whether They Feel Donald Trump Is Receiving Fair Treatment In Court In Latest Poll — What That Means For Former President&#8217;s Election Chances</a>
Sumitomo&#8217;s shares have experienced a significant surge since Buffett expressed interest in increasing his holdings in Japanese trading houses. The company&#8217;s shares hit an all-time high last week, marking a 27% increase this year. Other trading firms have also seen a rally in their stock prices due to increased shareholder returns.
Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) currently holds about 8.3% of Sumitomo, with plans to eventually own 9.9% of each trading firm it invests in, including Mitsubishi Corp., Mitsui and Co., Itochu Corp., and Marubeni Corp.
Why It Matters: Japan has emerged as a fertile ground for activist investing, with entities like the Tokyo Stock Exchange urging companies to improve balance sheet management and overhaul business strategies to boost shareholder returns. Elliott Management, led by billionaire Paul Singer, has been a key player in this trend, previously targeting firms such as Toshiba Corp., SoftBank Group Corp., and Dai Nippon Printing Co.
<a href="https://www.benzinga.com/markets/asia/23/04/31740469/warren-buffett-very-proud-of-japanese-investments-5-tokyo-listed-stocks-berkshire-has-stakes-in">Buffett&#8217;s investment in Japanese trading houses</a>, including Sumitomo, was first reported in August 2020. In an interview with Nikkei, he expressed his pride in these investments in 2023.
Earlier this year, Elliott Management <a href="https://www.benzinga.com/markets/asia/24/02/36946775/activist-investor-presses-mitsui-fudosan-to-offload-tokyo-disney-resort-operator-shares-proposes-6-7">acquired a 2% stake in Mitsui Fudosan Co. Ltd. </a>and urged the company to sell its shares in Oriental Land, a key operator of the Tokyo Disney Resort. The activist investor proposed a 1 trillion yen ($6.74 billion) share buyback.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478483/crypto-analyst-predicts-this-altcoin-will-explode-260-in-2024-and-its-not-dogecoin-or-shib?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Analyst Predicts This Altcoin Will Explode 260% In 2024, And It&#8217;s Not Dogecoin Or Shiba Inu</a>
Image by Piotr Swat via Shutterstock
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Elliott Management Secures Stake In Warren Buffett-Backed Sumitomo Corp

DCPH

Trading Halt: Halt status updated at 7:25:00 AM ET: Quotation Resumption: News and Resumption Times

The United States is reportedly planning to enact legislation that could pave the way for additional free trade agreements with Latin American nations. This development comes as concerns mount over China&#8217;s growing economic influence in the region.
What Happened: Chris Dodd, former senator and President Joe Biden&#8217;s special adviser for the region, is hopeful about the Americas Act being passed by Congress this year, Financial Times <a href="https://www.ft.com/content/e113f911-542e-44c8-83e0-bedb4798875f">reported</a> on Sunday. The Act is designed to consolidate and broaden existing U.S. trade agreements with Latin American countries, and incentivize the shift of production from China to closer locations, a strategy known as &#8220;nearshoring.&#8221;
China has been steadily enhancing its trade and investment ties with Latin America in the 21st century, surpassing the U.S. as the region&#8217;s top trading partner. This has raised alarms in Washington about the potential loss of influence in a region traditionally within its sphere of control.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38479312/watershed-moment-says-tesla-analyst-as-elon-musk-makes-surprise-china-visit-to-repo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Watershed Moment,&#8217; Says Tesla Analyst As Elon Musk Makes Surprise China Visit To Reportedly Discuss FSD Rollout And Data Transfer Overseas</a>
The Americas Act, which was introduced in March with bipartisan backing, is seen by the Global Americans think-tank as &#8220;the most comprehensive U.S. policy attempt to deepen relations with the Western Hemisphere in more than two decades&#8221;.
The Act also mandates that participating countries adhere to standards on democracy and rule of law, in addition to trade. It lays out a potential process for countries to join the U.S.-Mexico-Canada Agreement (USMCA), with Uruguay and Costa Rica viewed as ideal initial candidates.
Why It Matters: Earlier in April, <a href="https://www.benzinga.com/news/24/04/38146989/treasury-secretary-janet-yellen-sees-flood-of-chinese-exports-wiping-out-us-green-energy-industry">U.S. Treasury Secretary Janet Yellen expressed concern</a> about Chinese industrial policies, including government subsidies and manufacturing overcapacity, leading to a flood of cheap clean-energy product exports globally.
Furthermore, <a href="https://www.benzinga.com/markets/asia/24/04/38024971/china-criticizes-us-chip-export-rules-impacting-nvidia-and-amd">China criticized the U.S.&#8217;s recent tightening of semiconductor export regulations</a>, impacting exports and affecting companies like Nvidia and Advanced Micro Devices, signaling escalating tension between the two nations.
This move by the U.S. comes at a time when China&#8217;s economic influence is growing in Latin America. Chinese automakers like BYD are <a href="https://www.benzinga.com/markets/asia/24/03/37911872/us-automakers-are-having-nightmares-about-a-10k-chinese-ev-that-isnt-even-on-american-soil-yet">making waves in the global automotive scene </a>with its competitively priced electric vehicle (EV), the Seagull. The vehicle&#8217;s success and the company&#8217;s expansion into Europe and Latin America have put pressure on global automotive leaders and politicians.
Moreover, Guatemala, a key ally of Taiwan in Central America, is <a href="https://www.benzinga.com/news/24/02/36951923/key-taiwan-ally-in-central-america-eyes-formal-trade-ties-with-china-says-not-an-ambush-against-us-o">considering establishing formal trade relations with China</a>, while maintaining its ties with Taiwan. 
Read Next: <a href="https://www.benzinga.com/news/24/04/38430009/xi-jinping-calls-for-chinese-army-to-focus-on-the-battlefield-during-visit-to-military-medical-unive?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Xi Jinping Calls For Chinese Army To &#8216;Focus On The Battlefield&#8217; During Visit To Military Medical University</a>
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 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
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Latin America

US Seeks To Counter China's Economic Clout In Latin America With New Trade Deals

Southwest Airlines shares are trading lower after Jefferies downgraded the stock from Hold to Underperform and lowered its price target from $28 to $20.

Twitter (now X) co-founder Jack Dorsey has made two cryptic posts on the social media platform owned by Elon Musk, likely alluding to <a href="https://www.benzinga.com/government/22/11/29587665/edward-snowden-responds-to-nsas-call-for-former-workers-to-come-back-thanks-ill-pass">Edward Snowden </a><a href="https://www.benzinga.com/government/22/11/29587665/edward-snowden-responds-to-nsas-call-for-former-workers-to-come-back-thanks-ill-pass">gaining his freedom</a> after escaping to Russia 11 years ago.
What Happened: Former National Security Agency (NSA) consultant and whistleblower Snowden could have regained his freedom if Dorsey's posts are anything to go by.
In two consecutive posts, Dorsey said "free" and that the algorithm on X is so good now, that "following is just signaling."
Curiously, Dorsey has almost completely trimmed the list of people he's following – even Musk didn't make the cut. At the time of writing, Snowden is the only user Dorsey is following on X.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">algorithm is good enough now that following is just signaling
&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1784817636238299296?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">free
&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1784814629312696420?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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While it's not clear exactly what Dorsey means with his two posts and culling the entire following list to include only Snowden, there could be a relation between his posts and the following list.
Dorsey did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga's</a> request for comment.
See Also: <a href="https://www.benzinga.com/news/24/04/38399314/edward-snowden-says-no-to-ever-using-reddit-again-at-risk-populations-that-need-privacy">Edward Snowden Says No To Ever Using Reddit Again: &#8216;At-Risk Populations That Need Privacy&#8217;</a>
Snowden, too, follows only one user, and unironically, it's the official NSA account.
Dorsey also changed his bio to include only his public key for Nostr, a decentralized social media protocol.
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: Snowden and Dorsey have shared some common beliefs in the past. Both the tech personalities have echoed similar sentiments about multiple new technologies – they're <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37196871/edward-snowden-says-unpopular-but-true-that-bitcoin-is-most-significant-monetary-advance-s">both bullish</a> <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38413962/jack-dorsey-wants-to-make-bitcoin-mining-as-easy-as-plugging-in-a-lamp-heres-how">about cryptocurrencies</a> and decentralized social networks.
Both have also criticized the U.S.'s decision to end the gold standard in 1971 and move to a fiat currency system under former President Richard Nixon.
Snowden, who is now a Russian citizen, flew to Russia in 2013 from Hong Kong. After being notified that his U.S. passport was canceled, he was granted temporary asylum in Russia. Seven years later, Snowden and his family applied for Russian citizenship.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38474861/elon-musk-says-ad-revenue-sharing-will-be-paused-for-some-x-creators-over-pending-investigation-into">Elon Musk Says Ad Revenue Sharing Will Be &#8216;Paused&#8217; For Some X Creators Over Pending Investigation Into &#8216;Use Of Bots To Spam Likes, Replies&#8217;</a>
Photos courtesy: Wikimedia

Social Media

Tech

Is Edward Snowden Free? Twitter Co-Founder Jack Dorsey's Cryptic Posts Spark Speculations About NSA Whistleblower

<ul>
<li>Moderna&nbsp;non-exclusively&nbsp;out-licenses COVID-19-related patents for the territory of Japan</li>
<li>Moderna to receive upfront payment and low double-digit royalty on net sales of the&nbsp;company&#39;s COVID-19 product</li>
</ul>
Moderna has entered a non-exclusive&nbsp;out-licensing agreement with a pharmaceutical company based in Japan for&nbsp;mRNA&nbsp;COVID-19-related intellectual property for the territory of Japan.&nbsp;

Government

Regulations

MRNA

Reported Earlier, Moderna Out-Licenses COVID-19 Patents in Japan, Secures Royalty on Sales, Financial Terms Undisclosed

MNKD

MannKind shares are trading higher after the FDA cleared the company's IND application for MNKD-10.

B of A Securities analyst Jessica Ehrlich maintains Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) with a Neutral and lowers the price target from $315 to $300.

CHTR

B of A Securities Maintains Neutral on Charter Communications, Lowers Price Target to $300

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">American Realty Investors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARL#NYSE">ARL</a>)</h3>
<ul>
<li>On March 22, American Realty Investors posted a loss for the fourth quarter. The company's stock fell around 20% over the past month and has a <a href="https://www.benzinga.com/quote/ARL">52-week low of $11.69 </a>.</li>
<li>RSI Value: 28.53</li>
<li>ARL Price Action: Shares of American Realty Investors gained 3.4% to close at $14.32 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Prologis, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>)</h3>
<ul>
<li>On April 17, Prologis, reported first-quarter FY24 results. Rental revenue of $1.83 billion missed the consensus estimates of $1.87 billion. The company's average occupancy stood at 96.8%, with a leased 45.0MSF operating portfolio and a 3.1MSF development portfolio. The company's stock fell around 19% over the past month. It <a href="https://www.benzinga.com/quote/PLD">has a 52-week low</a> of $96.64.</li>
<li>RSI Value: 22.37</li>
<li>PLD Price Action: Shares of Prologis rose 0.7% to close at $104.06 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Transcontinental Realty Investors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCI#NYSE">TCI</a>)</h3>
<ul>
<li>On March 22, Transcontinental Realty posted a loss for the fourth quarter. The company's has a 52-week <a href="https://www.benzinga.com/quote/TCI">low of $27.23</a>.</li>
<li>RSI Value: 18.72</li>
<li>TCI Price Action: Shares of Transcontinental Realty Investors fell 0.8% to close at $28.96 on Friday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38482020/investor-optimism-improves-following-earnings-reports-us-stocks-notch-weekly-gains">Investor Optimism Improves Following Earnings Reports; US Stocks Notch Weekly Gains</a>

Long Ideas

Pre-Market Outlook

Top 3 Real Estate Stocks That Are Set To Fly In April

Altimmune shares are trading lower after Guggenheim downgraded the stock from Buy to Neutral.

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares were on a tear in premarket trading on Monday &#8211; the catalyst being <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38479312/watershed-moment-says-tesla-analyst-as-elon-musk-makes-surprise-china-visit-to-repo">CEO Elon Musk&#8217;s surprise visit to China.</a>
Following his meeting with the country&#8217;s second-in-command, Premier Li Qiang, and other key officials, Musk has reportedly succeeded in getting approval for rolling out full-self driving in China. Musk himself tweeted about the meeting on his X account.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Honored to meet with Premier Li Qiang. We have known each other now for many years, since early Shanghai days. <a href="https://t.co/JCnv6MbZ6W">pic.twitter.com/JCnv6MbZ6W</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1784575094679011401?ref_src=twsrc%5Etfw">April 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption"><a href="https://www.benzinga.com/markets/asia/24/04/38481213/breaking-tesla-reportedly-teams-up-with-baidu-to-roll-out-fsd-in-china">Tesla will likely partner</a> with Baidu, Inc. (NASDAQ: BIDU for mapping and navigation. Commenting on the development, Wedbush&#8217;s Daniel Ives said this partnership was important for getting the green light from Beijing.</figcaption></figure>
&#8220;Musk winning FSD approval in the key China market is a watershed moment for the Tesla story in our view,&#8221; he said. &#8220;This news will be a major focus from investors this morning as it shows how close the FSD vision in China is to becoming a reality for Tesla.&#8221;
The analyst has an Overweight rating and a $275 price target for the stock.
In premarket trading, the stock climbed 9.91% to $184.97, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Check out more of Benzinga&#8217;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 Next: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock">Everything You Need to Know About Tesla Stock</a>
Photo via Shutterstock

TSLA

Tesla Skyrockets About 10% In Premarket: What's Fueling The Dramatic Rally?

Meridian Mining appoints Gilbert Clark as CEO

Meridian appoints Bruce McLeod as Chairman of the Board

Meridian Mining UK upsizes $17.5M bought deal offering

MRRDF

Press Releases

Meridian Announces Appointment of Bruce McLeod as Chairman of the Board

Meridian Reports Further Robust Drill Results at Santa Helena & Cabaçal Deposits

Meridian Defines Initial Exploration Target of 3.2 - 7.3 mt @ 3.0 - 3.2 g/t AuEq at Santa Helena

Meridian Commences Cabaçal's PFS & Advances Santa Helena Resource Delineation in Expansion of the Cabaçal Belt's Hub and Spoke Strategy

Meridian's EM Surveys Unlock Both West and South Extensions to Santa Helena VMS Deposit

Meridian's PFS Drill Program Returns Multiple Wide, Shallow Mineralized Intercepts at Cabaçal

Meridian Drills High-Grade Zone Grading 11.3m @ 3.7g/t AuEq at Santa Helena.

Meridian Reports on Cabaçal's Met testing, Drill Results, and Permit Update

Meridian Announces Closing of $20.1M Bought Deal Public Offering

Meridian Mining Provides Post Financing Activities Outlook for Cabaçal

TSX:MNO

Meridian Mining UK

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Latest News for Meridian Mining UK Stock (OTC:MRRDF)

Thursday, October 10, 2019