RWE Stock (OTC:RWEOY), Trade Ideas

Since the deal with E.On, RWE is refocused on power generation, mostly in Europe. It owns 38 gigawatts of power generation capacity: 28% from lignite and hard coal plants, 37% from gas plants, 40% from renewables including pumped storage and batteries. Besides Germany, RWE's power plants are chiefly located in the United Kingdom, the Netherlands, Turkey, and the United States for many onshore wind farms.

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While the U.S. markets are closed for the Labor Day holiday, the announcement of stimulus measures in China is ushering in a much-needed relief rally for equities in both the <a href="https://www.benzinga.com/topic/china">Hong Kong and mainland China markets.</a>
Conversely, growing economic concerns in Europe are raising cautionary flags among investors, suggesting that the era of robust corporate profits may be fading. 
In the currency market, both the euro and pound were up slightly, gaining 0.2% and 0.3% respectively. WTI crude hit a 9-month high at over $86/barrel on Monday, up 0.6%, buoyed by rising Chinese demand prospects and OPEC+ supply concerns. Gold held steady at $1937/oz. 
<h2 class="wp-block-heading">Chinese Stocks Soar Amidst Government&#8217;s Commitment to Stimulus</h2>
On Monday, the Hang Seng Index, as tracked by the iShares MSCI Hong Kong Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWH#NYSE">EWH</a>) surged by 2.51%, gaining 462.1 points to close at 18,844.2, reaching a three-week-high. This increase followed Beijing&#8217;s move to permit its major cities to decrease initial payments for homebuyers and incentivize lenders to reduce interest rates on current mortgages. Economists from Morgan Stanley also suggested that China may implement fiscal policy easing and address local debt concerns in the coming months.
Notably, Country Garden Holdings Co. Ltd. (OTCPK: CTRYY), a troubled developer facing a grace period ending on Sept. 5-6 for $22.5 million in due interest, obtained creditor approval over the weekend to extend a yuan bond&#8217;s maturity, resulting in a substantial 14.6% increase in its stock value.
Other top-performing offshore Chinese stocks included China Resources Land Ltd. (OTCPK: CRBJY) with a 9.7% increase, Semiconductor Manufacturing International Corp with a 9.4% gain, and China Overseas Land &amp; Investment (OTCPK: CAOVY) up 8.3%. Additionally, Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) led gains among large-cap Chinese tech stocks. 
Chinese electric car manufacturers NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Xpeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) successfully met their vehicle delivery targets, aligning with their third-quarter guidance.
The CSI 300 Index, representing onshore China shares, closed up 1.5%, adding to its previous Friday&#8217;s gains.
Also Read: <a href="https://www.benzinga.com/general/entertainment/23/09/34203186/new-twist-in-disney-vs-desantis-mouse-house-now-wants-to-scale-down-federal-lawsuit-against">New Twist In Disney Vs DeSantis: Mouse House Now Wants To Scale Down Federal Lawsuit Against Florida Governor</a>
Chart: Offshore Chinese Stocks Post Best-Performing Session In Over A Month
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="769" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04122919/HSI_2023-09-04_18-28-46_56240-1024x769.png" alt="" class="wp-image-100266" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04122919/HSI_2023-09-04_18-28-46_56240-1024x769.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04122919/HSI_2023-09-04_18-28-46_56240-300x225.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04122919/HSI_2023-09-04_18-28-46_56240-768x577.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04122919/HSI_2023-09-04_18-28-46_56240.png 1438w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Europe Struggles To Hold Gains As Economic Fears Resume</h2>
Major European stock markets ended the day in the red, with the pan-European Euro Stoxx 50 Index, as tracked by the SPDR DJ Euro STOXX 50 ETF&nbsp;&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEZ#NYSE">FEZ</a>), closing down 0.2%, marking its fourth consecutive session in negative territory.
In July 2023, Germany&#8217;s trade surplus fell to €15.9 billion from June&#8217;s €18.7 billion, missing market expectations of €18 billion. This drop resulted from a 0.9% decline in exports and a 1.4% surge in imports compared to the previous year.
Last week, the Euro Area&#8217;s economic sentiment indicator in August 2023 dropped for the fourth consecutive month to 93.3, falling short of the expected 93.7 and marking its lowest level since November 2020. Additionally, Germany&#8217;s manufacturing PMI remained unchanged at 39.1 in August 2023, the second-lowest reading since May 2020.
Among stock movers, Mercedes-Benz Group AG (OTCPK: MBGAF) led with a 1% gain as it unveiled its new Concept CLA Class, a significant move into the electric vehicle market. The car boasts a range of 750 kilometers (466 miles) on a single charge and a 15-minute charging time. Other top performers included ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), up 0.8%, and Adidas AG (OTCPK: ADDYY). 
Conversely, Compagnie de Saint-Gobain (OTCPK: CODYY) was down 3.2%, and RWE AG (OTCPK: RWEOY) was down 2%, ranking among the day&#8217;s worst performers.
Meanwhile, Danish health-care giant Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) hit fresh all-time highs as the company launched its Wegovy&#8217;s weight-loss drug in the UK. 
Chart: Euro Stoxx 50 Index&#8217;s Bull Run Is Now Halted
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="769" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04125347/FESX1_2023-09-04_18-53-33_f3a14-1024x769.png" alt="" class="wp-image-100270" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04125347/FESX1_2023-09-04_18-53-33_f3a14-1024x769.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04125347/FESX1_2023-09-04_18-53-33_f3a14-300x225.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04125347/FESX1_2023-09-04_18-53-33_f3a14-768x577.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/04125347/FESX1_2023-09-04_18-53-33_f3a14.png 1438w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Key Data To Monitor This Week In The US </h2>
The upcoming week in the United States is expected to be relatively quiet in terms of economic data releases. 
The spotlight will be on Wednesday&#8217;s flash estimate of the ISM Services PMI for August. Economists anticipate a slight dip in the key service activity gauge from 52.7 to 52.5, although it is expected to remain in expansionary territory.
Other data to monitor include: 
<ul>
<li>July&#8217;s Factory Orders (Tue.): -2.5% month-on-month expected</li>
<li>IBD/TIPP Economic Optimism For September (Tue.): 41.1 expected; 40.3 previous</li>
<li>July&#8217;s Balance of Trade (Wed.): -$68 billion expected</li>
<li>MBA 30-Year Mortgage Rate (Wed.): 7.31% previous</li>
<li>Initial Jobless Claims For The Week Ending Sept. 2, 2023: 233,000 consensus, 228,000 previous</li>
</ul>
Read more: <a href="https://www.benzinga.com/news/23/09/34210604/musk-agrees-nobody-in-the-future-will-be-using-this-driving-feature">Musk Agrees &#8216;Nobody&#8217; In The Future Will Be Using This Driving Feature</a>
Photo: Shutterstock

<h3>Upgrades</h3>
According to SVB Leerink, the prior rating for Bolt Biotherapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOLT#NASDAQ">BOLT</a>) was changed from Market Perform to Outperform. In the first quarter, Bolt Biotherapeutics showed an EPS of $0.45, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.72 and a 52-week-low of $1.18. Bolt Biotherapeutics closed at $1.60 at the end of the last trading period. 
According to Tudor Pickering, the prior rating for Montauk Renewables Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTK#NASDAQ">MNTK</a>) was changed from Sell to Hold. For the first quarter, Montauk Renewables had an EPS of $0.03, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $20.78 and a 52-week-low of $5.46. At the end of the last trading period, Montauk Renewables closed at $6.06. 
CFRA upgraded the previous rating for The ODP Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODP#NASDAQ">ODP</a>) from Hold to Buy. In the first quarter, ODP showed an EPS of $1.78, compared to $1.27 from the year-ago quarter. The current stock performance of ODP shows a 52-week-high of $53.59 and a 52-week-low of $28.85. Moreover, at the end of the last trading period, the closing price was at $41.86. 
According to CFRA, the prior rating for RWE AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RWEOY#OTC">RWEOY</a>) was changed from Hold to Buy. In the first quarter, RWE showed an EPS of $2.41, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $47.51 and a 52-week-low of $34.98. At the end of the last trading period, RWE closed at $45.54. 
According to DZ Bank, the prior rating for Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) was changed from Hold to Buy. Electronic Arts earned $1.78 in the fourth quarter, compared to $1.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $142.78 and a 52-week-low of $108.53. Electronic Arts closed at $125.32 at the end of the last trading period. 
For Nutrien Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTR#NYSE">NTR</a>), Raymond James upgraded the previous rating of Market Perform to Outperform. Nutrien earned $1.11 in the first quarter, compared to $2.70 in the year-ago quarter. The stock has a 52-week-high of $104.61 and a 52-week-low of $58.75. At the end of the last trading period, Nutrien closed at $61.74. 
For American States Water Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>), Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. For the first quarter, American States Water had an EPS of $0.57, compared to year-ago quarter EPS of $0.38. The current stock performance of American States Water shows a 52-week-high of $100.42 and a 52-week-low of $71.23. Moreover, at the end of the last trading period, the closing price was at $89.46. 
For Enovis Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENOV#NYSE">ENOV</a>), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. In the first quarter, Enovis showed an EPS of $0.44, compared to $0.37 from the year-ago quarter. The current stock performance of Enovis shows a 52-week-high of $67.66 and a 52-week-low of $44.07. Moreover, at the end of the last trading period, the closing price was at $55.79. 
Credit Suisse upgraded the previous rating for Vitru Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTRU#NASDAQ">VTRU</a>) from Neutral to Outperform. For the first quarter, Vitru had an EPS of $0.44, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $23.99 and a 52-week-low of $11.65. At the end of the last trading period, Vitru closed at $15.32. 
Raymond James upgraded the previous rating for Mesa Air Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) from Underperform to Market Perform. In the second quarter, Mesa Air Gr showed an EPS of $0.53, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $3.82 and a 52-week-low of $1.03. At the end of the last trading period, Mesa Air Gr closed at $1.42. 
Cantor Fitzgerald upgraded the previous rating for Iris Energy Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) from Neutral to Overweight. The current stock performance of Iris Energy shows a 52-week-high of $7.83 and a 52-week-low of $1.02. Moreover, at the end of the last trading period, the closing price was at $3.48. 
According to Deutsche Bank, the prior rating for Euronav NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EURN#NYSE">EURN</a>) was changed from Hold to Buy. At the moment, the stock has a 52-week-high of $21.00 and a 52-week-low of $9.94. Euronav closed at $16.51 at the end of the last trading period. 
According to Jefferies, the prior rating for Allakos Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLK#NASDAQ">ALLK</a>) was changed from Hold to Buy. For the first quarter, Allakos had an EPS of $0.49, compared to year-ago quarter EPS of $3.60. The current stock performance of Allakos shows a 52-week-high of $8.73 and a 52-week-low of $2.54. Moreover, at the end of the last trading period, the closing price was at $4.16. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
According to SVB Leerink, the prior rating for Arrowhead Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) was changed from Outperform to Market Perform. For the second quarter, Arrowhead Pharma had an EPS of $0.45, compared to year-ago quarter EPS of $0.41. The current stock performance of Arrowhead Pharma shows a 52-week-high of $48.48 and a 52-week-low of $23.09. Moreover, at the end of the last trading period, the closing price was at $40.08. 
For ADS-TEC Energy PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSE#NASDAQ">ADSE</a>), Roth MKM downgraded the previous rating of Buy to Neutral. NoneThe current stock performance of ADS-TEC Energy shows a 52-week-high of $8.71 and a 52-week-low of $1.91. Moreover, at the end of the last trading period, the closing price was at $3.00. 
For Stantec Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STN#NYSE">STN</a>), Raymond James downgraded the previous rating of Strong Buy to Outperform. For the first quarter, Stantec had an EPS of $0.54, compared to year-ago quarter EPS of $0.48. At the moment, the stock has a 52-week-high of $62.31 and a 52-week-low of $40.92. Stantec closed at $59.15 at the end of the last trading period. 
BMO Capital downgraded the previous rating for Compx International Inc (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CIX#AMEX">CIX</a>) from Outperform to Market Perform. For the first quarter, Compx Intl had an EPS of $0.49, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $28.46 and a 52-week-low of $16.06. At the end of the last trading period, Compx Intl closed at $18.68. 
According to CFRA, the prior rating for Topgolf Callaway Brands Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MODG#NYSE">MODG</a>) was changed from Buy to Hold. Topgolf Callaway Brands earned $0.17 in the first quarter, compared to $0.36 in the year-ago quarter. The stock has a 52-week-high of $25.96 and a 52-week-low of $16.81. At the end of the last trading period, Topgolf Callaway Brands closed at $17.59. 
For Spirit AeroSystems Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>), CFRA downgraded the previous rating of Strong Buy to Hold. Spirit AeroSystems Hldgs earned $1.69 in the first quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.55 and a 52-week-low of $21.15. Spirit AeroSystems Hldgs closed at $23.73 at the end of the last trading period. 
For Absolute Software Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABST#NASDAQ">ABST</a>), Canaccord Genuity downgraded the previous rating of Buy to Hold. In the second quarter, Absolute Software showed an EPS of $0.05, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.57 and a 52-week-low of $6.85. Absolute Software closed at $11.38 at the end of the last trading period. 
Chardan Capital downgraded the previous rating for Nauticus Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) from Buy to Neutral. Nauticus Robotics earned $0.19 in the fourth quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $12.73 and a 52-week-low of $2.04. At the end of the last trading period, Nauticus Robotics closed at $2.31. 
Argus Research downgraded the previous rating for The Estee Lauder Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) from Buy to Hold. In the third quarter, Estee Lauder Cos showed an EPS of $0.47, compared to $1.90 from the year-ago quarter. The stock has a 52-week-high of $284.27 and a 52-week-low of $186.48. At the end of the last trading period, Estee Lauder Cos closed at $201.79. 
According to BMO Capital, the prior rating for CTS Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTS#NYSE">CTS</a>) was changed from Outperform to Market Perform. For the first quarter, CTS had an EPS of $0.61, compared to year-ago quarter EPS of $0.67. The current stock performance of CTS shows a 52-week-high of $49.59 and a 52-week-low of $31.99. Moreover, at the end of the last trading period, the closing price was at $42.55. 
Exane BNP Paribas downgraded the previous rating for PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) from Outperform to Neutral. In the first quarter, PayPal Holdings showed an EPS of $1.17, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $103.02 and a 52-week-low of $62.64. At the end of the last trading period, PayPal Holdings closed at $64.18. 
Wells Fargo downgraded the previous rating for SJW Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) from Equal-Weight to Underweight. SJW Gr earned $0.37 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of SJW Gr shows a 52-week-high of $83.75 and a 52-week-low of $55.73. Moreover, at the end of the last trading period, the closing price was at $76.18. 
According to Wolfe Research, the prior rating for The Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) was changed from Outperform to Peer Perform. Walt Disney earned $0.93 in the second quarter, compared to $1.08 in the year-ago quarter. The stock has a 52-week-high of $126.48 and a 52-week-low of $84.08. At the end of the last trading period, Walt Disney closed at $92.31. 
Barclays downgraded the previous rating for Compx International Inc (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CIX#AMEX">CIX</a>) from Overweight to Equal-Weight. In the first quarter, Compx Intl showed an EPS of $0.49, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.46 and a 52-week-low of $16.06. Compx Intl closed at $18.68 at the end of the last trading period. 
According to Wells Fargo, the prior rating for Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) was changed from Overweight to Equal-Weight. For the third quarter, Fox had an EPS of $0.94, compared to year-ago quarter EPS of $0.81. The current stock performance of Fox shows a 52-week-high of $37.26 and a 52-week-low of $28.02. Moreover, at the end of the last trading period, the closing price was at $30.67. 
For ImmunityBio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>), Piper Sandler downgraded the previous rating of Overweight to Neutral. For the fourth quarter, ImmunityBio had an EPS of $0.27, compared to year-ago quarter EPS of $0.23. The current stock performance of ImmunityBio shows a 52-week-high of $7.80 and a 52-week-low of $1.21. Moreover, at the end of the last trading period, the closing price was at $2.79. 
For Twilio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>), Mizuho downgraded the previous rating of Buy to Neutral. In the first quarter, Twilio showed an EPS of $0.47, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $112.87 and a 52-week-low of $41.00. Twilio closed at $47.48 at the end of the last trading period. 
For Aveanna Healthcare Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAH#NASDAQ">AVAH</a>), Raymond James downgraded the previous rating of Strong Buy to Market Perform. In the first quarter, Aveanna Healthcare Hldgs showed an EPS of $0.05, compared to $0.04 from the year-ago quarter. The current stock performance of Aveanna Healthcare Hldgs shows a 52-week-high of $3.15 and a 52-week-low of $0.67. Moreover, at the end of the last trading period, the closing price was at $1.09. 
According to Jefferies, the prior rating for Diageo PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEO#NYSE">DEO</a>) was changed from Buy to Hold. The current stock performance of Diageo shows a 52-week-high of $194.01 and a 52-week-low of $160.09. Moreover, at the end of the last trading period, the closing price was at $182.94. 
According to Credit Suisse, the prior rating for Home Point Capital Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMPT#NASDAQ">HMPT</a>) was changed from Outperform to Neutral. Home Point Capital earned $0.20 in the first quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.63 and a 52-week-low of $0.99. Home Point Capital closed at $2.27 at the end of the last trading period. 
For Absolute Software Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABST#NASDAQ">ABST</a>), Needham downgraded the previous rating of Buy to Hold. For the second quarter, Absolute Software had an EPS of $0.05, compared to year-ago quarter EPS of $0.13. The current stock performance of Absolute Software shows a 52-week-high of $12.57 and a 52-week-low of $6.85. Moreover, at the end of the last trading period, the closing price was at $11.38. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
With an Overweight rating, Capital One initiated coverage on Palo Alto Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>). The price target seems to have been set at $247.00 for Palo Alto Networks. Palo Alto Networks earned $1.05 in the second quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $203.44 and a 52-week-low of $132.22. At the end of the last trading period, Palo Alto Networks closed at $197.18. 
Needham initiated coverage on Trinet Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy rating. The price target for Trinet Group is set to $115.00. For the first quarter, Trinet Group had an EPS of $2.49, compared to year-ago quarter EPS of $2.55. The stock has a 52-week-high of $95.61 and a 52-week-low of $60.70. At the end of the last trading period, Trinet Group closed at $88.81. 
Mizuho initiated coverage on Surgery Partners Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) with a Buy rating. The price target for Surgery Partners is set to $48.00. Surgery Partners earned $0.08 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Surgery Partners shows a 52-week-high of $48.47 and a 52-week-low of $20.46. Moreover, at the end of the last trading period, the closing price was at $35.18. 
Truist Securities initiated coverage on SoFi Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) with a Buy rating. The price target for SoFi Techs is set to $8.00. For the first quarter, SoFi Techs had an EPS of $0.05, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $8.52 and a 52-week-low of $4.25. At the end of the last trading period, SoFi Techs closed at $5.14. 
With an Overweight rating, Barclays initiated coverage on Biomea Fusion Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>). The price target seems to have been set at $50.00 for Biomea Fusion. In the first quarter, Biomea Fusion showed an EPS of $0.98, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $36.68 and a 52-week-low of $3.46. Biomea Fusion closed at $32.10 at the end of the last trading period. 
Roth MKM initiated coverage on LanzaTech Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNZA#NASDAQ">LNZA</a>) with a Buy rating. The price target for LanzaTech Global is set to $8.00. The stock has a 52-week-high of $8.75 and a 52-week-low of $2.92. At the end of the last trading period, LanzaTech Global closed at $3.27. 
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Benzinga's Top Ratings Upgrades, Downgrades For May 12, 2023

CFRA analyst Firdaus Ibrahim upgrades RWE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RWEOY#OTC">RWEOY</a>) from Hold to Buy.

CFRA Upgrades RWE to Buy

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/23/01/30287398/465m-of-robinhood-stock-linked-to-sam-bankman-fried-to-be-seized-by-justice-department" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">$465M Of Robinhood Stock Linked To Sam Bankman-Fried To Be Seized By Justice Department</a>
<ul>
<li>The U.S.&nbsp;Department of Justice&nbsp;is working to seize $465 million worth of&nbsp;Robinhood Markets Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) shares associated with&nbsp;Sam Bankman-Fried, the founder of the collapsed&nbsp;FTX&nbsp;cryptocurrency exchange.</li>
<li>The prosecutors are not considering the 56 million Robinhood shares to be a part of the bankruptcy estate, U.S. Attorney&nbsp;Seth Shapiro&nbsp;told Bankruptcy Judge&nbsp;John Dorsey, reported Reuters.</li>
<li>According to Shapiro, competing claims to the Robinhood shares could be settled in a forfeiture proceeding.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30289136/you-can-soon-send-facebook-memes-directly-to-your-friends-instagram-dm-heres-what-we-know" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">You Can Soon Send Facebook Memes Directly To Your Friend&#39;s Instagram DM &mdash; Here&#39;s What We Know</a>
<ul>
<li>Meta Platforms Inc.&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>)&nbsp;&nbsp;Facebook&nbsp;is apparently working on making private sharing between friends more accessible.</li>
<li>On Thursday, social media commentator&nbsp;Matt Navarra&nbsp;took to&nbsp;Twitter&nbsp;to share an update stating that Facebook is &quot;leaning into private sharing with friends.&quot;</li>
<li>Navarra&#39;s post was accompanied by a screenshot that showed an additional button on a meme post &mdash; &quot;Send in Instagram Direct Message.&quot;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/23/01/30287968/binance-uss-proposed-1b-deal-for-voyager-digital-hits-sec-roadblock" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Binance US&#39;s Proposed $1B Deal For Voyager Digital Hits SEC Roadblock</a>
<ul>
<li>Binance.US&#39;&nbsp;proposed $1-billion purchase of beleaguered cryptocurrency platform&nbsp;Voyager Digital Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/vygvf#OTC">VYGVF</a>) is facing a limited objection from the U.S.&nbsp;Securities and Exchange Commission.&nbsp;</li>
<li>The SEC said that the&nbsp;Changpeng Zhao-led company&#39;s purchase agreement doesn&#39;t contain details on its ability to close the deal. The regulator sought more information on the company&#39;s business operations.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/01/30289561/apples-key-supplier-foxconns-december-revenue-falls-over-12" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple&#39;s Key Supplier Foxconn&#39;s December Revenue Falls Over 12%</a>
<ul>
<li>Largest contract electronics maker&nbsp;Hon Hai Precision Industry Co Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hnhpf#OTC">HNHPF</a>)&nbsp;Foxconn&#39;s&nbsp;December revenue dropped 12.3% year-on-year to NT$629.34 billion.</li>
<li>Foxconn said revenue for December was better than expected and that a &quot;gradual recovery&quot; at its Zhengzhou plant had contributed to &quot;double-digit growth&quot; in revenue for its smart consumer electronics business compared to November.</li>
<li>Foxconn said production at the factory in China &quot;basically returned to normal&quot; in December.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30290332/equinor-rwe-partner-on-hydrogen-supply-chain-to-help-germany-ease-out-coal-dependency" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Equinor, RWE Partner On Hydrogen Supply Chain To Help Germany Ease Out Coal Dependency</a>
<ul>
<li>Equinor ASA&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqnr#NYSE">EQNR</a>) has partnered with the German energy company&nbsp;RWE AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rweoy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">RWEOY</a>) to develop large-scale value chains for low-carbon hydrogen jointly.</li>
<li>The partners aim to replace coal-fired power plants with hydrogen-ready gas-fired power plants in Germany.</li>
<li>They will also build a low-carbon and renewable hydrogen production in Norway to be exported to Germany through pipelines.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30289504/sony-honda-unveil-ev-prototype-afeela-with-qualcomm-technology" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Sony, Honda Unveil EV Prototype&#39; Afeela&#39; With Qualcomm Technology</a>
<ul>
<li>Sony Group Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) has unveiled the prototype of its electric vehicle brand,&nbsp;Afeela, which it built along with&nbsp;Honda Motor Co Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>).</li>
<li>Sony Honda Mobility launched the prototype at the Las Vegas CES 2023 technology trade show.</li>
<li>Afeela&#39;s exterior features a &quot;Media Bar,&quot; which allows intelligent mobility to express itself to surrounding people using light, enabling interactive communication between mobility and people.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30290109/british-retailer-next-raises-profit-guidance-as-christmas-sales-comfort" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">British Retailer Next Raises Profit Guidance As Christmas Sales Comfort</a>
<ul>
<li>British clothing company&nbsp;Next Plc&nbsp;has raised its profit forecast following better-than-anticipated sales in the Christmas period.</li>
<li>The company noted that the strength of demand for cold weather products in December was partly a result of pent-up demand from an unusually warm October and November.</li>
<li>Next anticipates the cost price inflation on like-for-like goods to peak at around 8% in the Spring Summer season, which will ease to 6% in the second half.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/01/30292758/walgreens-swings-to-quarterly-loss-as-lower-sales-opioid-settlement-take-a-toll" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Walgreens Swings To Quarterly Loss As Lower Sales, Opioid Settlement Take A Toll</a>
<ul>
<li>Walgreens Boots Alliance Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) Q1 FY23 sales decreased 1.5% Y/Y to $33.4 billion, up 1.1% on a constant currency basis, beating the consensus of $32.83 billion.</li>
<li>Adjusted EPS reached $1.16, down 29.9% on a constant currency basis, reflecting higher COVID-19 vaccine volumes, beating the consensus of $1.13.</li>
<li>The company swung to an operating loss of $6.2 billion compared to an operating income of $1.3 billion a year ago. Operating loss in the quarter reflects a $6.5 billion pre-tax charge for opioid-related claims and litigation.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30290333/roku-launches-premium-smart-tv-seeks-to-boost-ad-revenue-by-tapping-streaming-audience" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Roku Launches Premium Smart TV To Boost Ad Revenue By Tapping Streaming Audience</a>
<ul>
<li>Roku Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/roku#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ROKU</a>) launched a premium Roku TV OLED TV, reflecting its focus on working with leading TV brands to offer TVs a best-in-class streaming experience at affordable prices.</li>
<li>Roku is the primary streaming hub for many Americans as a dominant maker of streaming boxes and dongles. Its operating system also powers many smart TVs.</li>
<li>Roku faced growing competition in recent years from companies in the streaming industry.</li>
<li>Roku derives most of its revenue from advertising. Roku sells all ads viewed on its streaming service, the Roku Channel.</li>
</ul>
&nbsp;
Nikkei Asia
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/01/30289294/dell-eyes-reducing-dependence-on-china-india-latin-america-likely-to-be-beneficiaries-analysts-say" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Dell Eyes Reducing Dependence On China - India, Latin America Likely To Be Beneficiaries, Analysts Say</a>
<ul>
<li>Dell Technologies Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) told suppliers to significantly reduce the amount of other &quot;made in China&quot; components in its products to diversify its supply chain amid concerns over U.S.-China tensions.</li>
<li>Dell&#39;s goal is to have all chips used in its products produced in plants located outside China by 2024.</li>
<li>Dell also asked suppliers of other components like electronic modules, print circuit boards, and product assemblers to help prepare capacity in countries beyond China, like Vietnam.</li>
</ul>
&nbsp;
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30289149/this-legacy-company-is-now-top-us-automaker-ahead-of-toyota-what-you-should-know" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">This Legacy Company Is Now Top US Automaker Ahead Of Toyota: What You Should Know</a>
<ul>
<li>The year 2022 was tough for automakers as they had to contend with supply chain challenges and softening consumer demand.</li>
<li>Industry-wide auto sales fell 8% year-over-year to 13.7 million vehicles in 2022.</li>
<li>This marked the lowest number since 2011. Sales have come back notably from the 17 million+ mark seen for five years that preceded the&nbsp;COVID-19&nbsp;pandemic.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/01/30290115/walgreens-boots-alliance-might-be-first-pharmacy-to-dispense-abortion-pills-others-to-follow" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Walgreens Boots Alliance Might Be First Pharmacy To Dispense Abortion Pills, Others To Follow</a>
<ul>
<li>Walgreens Boots Alliance Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) is reportedly the first major national pharmacy chain to say it plans to dispense the abortion pill under the FDA&#39;s new rules.</li>
<li>Other companies that may follow suit include&nbsp;CVS Health Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cvs#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CVS</a>) and&nbsp;Rite Aid Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rad#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">RAD</a>).</li>
<li>Tuesday, the FDA said it would allow pharmacies to offer abortion pills, mifepristone, in the U.S. Pharmacies must complete a form for certification to distribute the abortion pills.&nbsp;</li>
<li>Any pharmacy to become certified to dispense mifepristone, an FDA-approved medication for use up to 10 weeks in pregnancy.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/01/30290175/irish-watchdog-penalizes-meta-by-390m-for-user-privacy-violation" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Irish Watchdog Penalizes Meta By &euro;390M For User Privacy Violation</a>
<ul>
<li>Ireland Data Protection Commission (DPC) penalized&nbsp;Meta Platforms Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/meta#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">META</a>) &euro;210 million for breaches of the GDPR relating to its Facebook service and &euro;180 million for violations of its Instagram service.</li>
<li>The inquiries concerned two complaints about the Facebook and Instagram services, each raising the same fundamental issues on 25 May 2018, the date the GDPR came into operation.</li>
<li>Suppose a significant number of people opt out of ads powered with that behavioral data. In that case, prices for Meta&#39;s advertising could fall by 10% - 20% in a worst-case scenario, wiping 12% - 25% from the company&#39;s valuation, Morningstar analyst Ali Mogharabi wrote.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/23/01/30290424/aci-worldwide-mulls-potential-sale-to-private-equity" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ACI Worldwide Mulls Potential Sales To Private Equity</a>
<ul>
<li>ACI Worldwide Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aciw#NASDAQ">ACIW</a>) is reportedly discussing a potential sale with private equity firms.</li>
<li>The payments-software provider said it is working with financial advisers as it fields takeover interest. One of the people said there&#39;s no certainty ACI will reach a deal due to shaky leveraged financing markets.&nbsp;</li>
</ul>
&nbsp;
CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30289787/samsungs-consumer-products-chief-and-analysts-expect-demand-headwinds-to-improve-from-2h-2023" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Samsung&#39;s Consumer-Products Chief And Analysts Expect Demand Headwinds To Improve From Second Half</a>
<ul>
<li>Samsung Electronics Co, Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssnlf#OTC">SSNLF</a>) consumer-gadgets Vice Chair and co-CEO Han Jong-hee hoped the current industry downturn that affected the company&#39;s profit trajectory would begin to improve in the second half of 2023.</li>
<li>Analysts expect Samsung to report 7.18 trillion South Korean won ($5.64 billion) in operating profit in the December quarter, down 50% Y/Y. However, some analysts are more bearish than the consensus.</li>
<li>The pessimism stemmed from a rapid fall in NAND and DRAM memory prices due to demand softness for the products like PCs.</li>
<li>Analysts expected a rebound in earnings in the second half of 2023 &quot;along with an improving memory cycle and recovery in mobile demand.&quot;</li>
</ul>

<ul>
<li>Equinor ASA&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqnr#NYSE">EQNR</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.equinor.com/news/20230105-equinor-rwe-cooperation" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">partnered&nbsp;</a>with the German energy company&nbsp;RWE AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rweoy#OTC">RWEOY</a>) to jointly develop large-scale value chains for low carbon hydrogen.</li>
<li>The partners aim to replace coal fired power plants with hydrogen-ready gas fired power plants in Germany.</li>
<li>They will also build production of low carbon and renewable hydrogen in Norway to be exported to Germany through pipelines.</li>
<li>The construction of new gas power plants (CCGTs) will contribute to Germany&#39;s phase-out roadmap for coal.&nbsp;</li>
<li>Equinor and RWE will jointly own the CCGTs, which initially will be fueled with natural gas and then gradually use hydrogen as fuel.</li>
<li>The parties will jointly develop offshore wind farms that will enable production of renewable hydrogen as fuel for power and other industrial customers in the future.</li>
<li>&quot;Through this collaboration we will strengthen the long-term energy security for Europe&#39;s leading industrial country while at the same time offer a viable route to a necessary energy transition for hard to abate industries,&quot; said Equinor CEO Anders Opedal.</li>
<li>Price Action:&nbsp;EQNR shares are trading lower by 0.31% at $31.76 in premarket on the last check Thursday.</li>
<li>Photo Via Company</li>
</ul>

Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29113755/disney-reaches-temporary-truce-with-dish-network-post-weekend-blackout" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Disney Reaches Temporary Truce With Dish Network Post Weekend Blackout</a>
<ul>
<li>TV channels owned by&nbsp;Walt Disney Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) are back on&nbsp;DISH Network Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dish#NASDAQ">DISH</a>) satellite broadcasting, and streaming platforms after the two companies tentatively reached a &quot;handshake agreement.&quot; The accord ended a weekend blackout that saw millions of Dish customers lose access to several popular Disney networks, including ESPN and ABC.</li>
<li>Disney reportedly charged high fees for several of its networks, including ESPN, which cost distributors nearly $9 a month.</li>
<li>Both companies will work to finalize the deal in the coming days.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29115726/walgreens-turns-to-robots-to-help-ease-manpower-shortage" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Walgreens Turns To Robots To Help Ease Manpower Shortage</a>
<ul>
<li>Walgreens Boots Alliance Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) is planning to seek the help of automation for its drugstores to ease the pressure of the lack of manpower.</li>
<li>The company, faced with a&nbsp;shortage of pharmacists and pharmacist technicians, is setting up a network of automated, centralized drug-filling centers.</li>
<li>Walgreens&#39; plan would cut the pharmacist workloads by at least 25%, in addition to saving more than $1 billion a year in costs.</li>
</ul>
Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29113262/tiktok-eyes-live-shopping-in-us-while-taking-care-of-national-security-concerns" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">TikTok Eyes Live Shopping in U.S. While Taking Care Of National Security Concerns</a>
<ul>
<li>ByteDance Ltd&#39;s&nbsp;TikTok&nbsp;launched live shopping in North America and aimed to outsource its operation after its U.K. e-commerce trials struggled to take off.</li>
<li>TalkShopLive&nbsp;will provide TikTok underlying technology and support for live streams hosted by influencers, brands, and retailers as TikTok faces heightened scrutiny in the U.S. over national security threats from China.</li>
<li>Social media rivals&nbsp;Meta Platforms Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), which owns&nbsp;Instagram&nbsp;and&nbsp;Facebook, and&nbsp;Alphabet Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)-owned&nbsp;YouTube&nbsp;found limited success with live shopping features.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/10/29114210/moderna-says-no-to-chinas-request-to-handover-covid-19-vaccine-technology-report" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Moderna Says No To China&#39;s Request To Handover COVID-19 Vaccine Technology</a>
<ul>
<li>Moderna Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrna#NASDAQ">MRNA</a>) refused to hand over to China the core intellectual property related to the development of its&nbsp;COVID-19 vaccine.</li>
<li>Moderna refused to transfer the technology for its COVID-19 vaccine because of commercial and safety concerns.</li>
<li>The company is still &quot;eager&quot; to sell the product to China.</li>
</ul>
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/general/entertainment/22/10/29114619/sony-bets-big-on-vr-sector-ramps-up-vr2-headset-production" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Sony Bets Big On VR Sector, Ramps Up VR2 Headset Production</a>
<ul>
<li>Sony Group Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) plans to produce about 2 million units of PlayStation VR2 headsets by March 2023.</li>
<li>The&nbsp;virtual reality goggles production began in September 2022 and has cruised through without being affected by the supply chain problems.</li>
<li>The company expects the demand for PSVR2 to be robust compared to its initial offering, VR goggles for PlayStation 4.</li>
</ul>
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29112565/heres-what-happened-to-googles-translate-app-for-china" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Google Now Shuts Down Translate App In China As It Looks Past The Country</a>
<ul>
<li>Alphabet Inc&#39;s Google&nbsp;has reportedly shut down its&nbsp;Translate app&nbsp;for China, winding up one of the few remaining services it operates in the Asian country.</li>
<li>According to a South China Morning Post report, the app has been inaccessible to mainland Chinese users since Saturday. The service&#39;s web page in China currently shows a photo of a generic search bar that redirects to Google&#39;s Hong Kong translation site.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/10/29112485/why-this-analyst-thinks-tesla-stock-will-fall-on-monday" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Why Prominent Tesla Analyst Sees The EV Stock Falling Today</a>
<ul>
<li>Tesla Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) shares are expected to react to a few catalysts in the unfolding week, and an analyst is not too optimistic about their performance on Monday.</li>
<li>Future Fund&#39;s Gary Black,&nbsp;a Tesla bull, said in a tweet that he expects the stock to fall on Monday as it remains on track to react to a few catalysts.</li>
<li>The fund manager noted that Q3 deliveries came in below Wall Street expectations, suggesting the Street will likely overlook the management&#39;s explanation of smoothing out quarter-end deliveries to reduce transit costs.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/media/22/10/29112351/how-tesla-is-getting-people-to-work-at-its-giga-shanghai-during-weeklong-china-national-day-holiday" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Tesla Said To Offer 3x Pay At Giga Shanghai During Weeklong Holiday As It Scrambles To Meet Full-Year Deliveries Target</a>
<ul>
<li>Tesla Inc&nbsp;has a tall order before it if it has to meet the full-year delivery growth target of 50%.</li>
<li>From the first quarter through the third, the electric vehicle maker delivered 908,573 cars. It needs to sell 495,685 more cars in the fourth quarter to meet the target.</li>
<li>Tesla is reportedly going all out in&nbsp;China, which houses the&nbsp;Giga Shanghai&nbsp;and generates roughly half of the company&#39;s global output.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/22/10/29113528/shell-makes-second-investment-in-malaysian-oil-gas-within-month" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Shell Makes Second Investment In Malaysian Oil &amp; Gas Within Month</a>
<ul>
<li>Shell PLC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shel#NYSE">SHEL</a>) announced an investment decision in Malaysia&#39;s oil and gas sector. Deal terms were not disclosed.</li>
<li>Sabah Shell Petroleum Co, a Malaysian unit of Shell, said it would invest in Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater offshore development project along with its partners.&nbsp;</li>
<li>The GKGJE phase 4 development is a subsea tie-back project expected to achieve the first oil in late 2024.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29112863/amazon-claims-uk-merchant-momentum-exceeding-rivals" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Amazon Claims UK Merchant Momentum Exceeding Rivals</a>
<ul>
<li>The number of small and medium-sized British businesses selling over&nbsp;Amazon.com Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) marketplace soared by over 25% in 2021, faster than in Germany, France, or Italy.</li>
<li>Some 85,000 smaller U.K. enterprises now sell on Amazon, responsible for over 950 million product sales or 1,750 per minute.&nbsp;</li>
<li>More than 700 merchants generate more than &pound;1 million in sales.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/10/29115291/consolidated-edison-divests-renewable-energy-unit-for-6-8b-to-rwe" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Con Edison Divests Clean Energy Businesses To RWE For $6.8B</a>
<ul>
<li>Consolidated Edison Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ed#NYSE">ED</a>) has entered into a purchase and sale agreement to sell its clean energy business and its subsidiaries to RWE Renewables Americas LLC, a subsidiary of&nbsp;RWE AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rweoy#OTC">RWEOY</a>).</li>
<li>The transaction is valued at $6.8 billion.</li>
<li>The transaction is expected to close in the first half of 2023.</li>
<li>Con Edison will forego its plan to issue up to $850 million of common equity in 2022 and withdraw its equity guidance for 2023 and 2024.</li>
</ul>

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Google Now Shuts Down Translate App In China, Moderna-China COVID-19 Sales Talk Collapse, Disney-Dish Temporary Accord Ends Weekend Blackout: Top Stories Monday, Oct. 03

<ul>
<li>Consolidated Edison Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ed#NYSE">ED</a>) has entered into a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/10/n29109874/con-edison-announces-agreement-to-sell-renewable-energy-subsidiaries" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">purchase and sale agreement to sell its clean energy business&nbsp;</a>and its subsidiaries to RWE Renewables Americas LLC, a subsidiary of&nbsp;RWE AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rweoy#OTC">RWEOY</a>). The transaction is valued at $6.8 billion.</li>
<li>The transaction is expected to close in the first half of 2023.</li>
<li>Con Edison will forego its previously announced plan to issue up to $850 million of common equity in 2022 and withdraw its equity guidance for 2023 and 2024.</li>
<li>The company held $1.2 billion in cash and equivalents as of June 30, 2022.</li>
<li>&quot;The transaction we announced today will allow Con Edison to sharply focus on our core utility businesses and the investments needed to lead New York&#39;s ambitious clean energy transition,&quot; said Chairman and CEO Timothy P. Cawley.</li>
<li>Price Action:&nbsp;ED shares closed lower by 2.17% at $85.76 on Friday.</li>
</ul>

Con Edison Divests Clean Energy Businesses To RWE For $6.8B

<ul>
<li>Generac Holdings Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gnrc#NYSE">GNRC</a>) subsidiary Generac Grid Services and German utility&nbsp;RWE AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rweoy#OTC">RWEOY</a>) reveal the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/06/n27520826/generac-grid-services-and-german-utility-rwe-to-expand-collaboration" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">expansion of their collaboration</a>.</li>
<li>The companies plan to jointly launch additional market products following the delivery of uninterrupted automatic Frequency Restoration Reserve (aFRR) capacity for the last six months.</li>
<li>&quot;Generac Grid Services is proud to support RWE in providing grid-balancing solutions that support a reliable grid as more intermittent renewables connect to the system,&quot; said Michael Ruth, VP of Product at Generac Grid Services.</li>
<li>The solution enabled by Generac Grid Services&#39; Concerto distributed energy resource control platform increased efficiency and performance by removing manual operations from the real-time market service.</li>
<li>The success sets the stage for the two companies to expand market operations, with a plan to launch two more market products this year.</li>
<li>According to&nbsp;<a class="editor-rtfLink" href="https://www.cnbc.com/2022/06/02/ubs-says-generac-is-a-top-pick-with-more-than-80percent-upside.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">UBS, Generac is a &quot;top pick</a>.&quot; The brokerage firm observed significant growth potential owing to the company&#39;s clean energy business.</li>
<li>Price Action:&nbsp;GNRC shares are trading higher by 9.01% at $265.83 on the last check Thursday.</li>
</ul>

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CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/03/26138509/chinas-fintech-specialist-sees-digital-yuan-challenging-us-dollar" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">China&#39;s Fintech Specialist Sees Digital Yuan Challenging US Dollar</a>
<ul>
<li>Richard Turrin sees China&#39;s nascent digital yuan challenging the U.S. dollar&#39;s dominance of international trade settlements in the next decade.</li>
<li>Turin admitted that the world&#39;s second-largest economy was currently ahead in all financial technology by a decade while the U.S. would take &quot;easily another five years&quot; to get out of planning and trials for a potential digital dollar.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26137294/google-scores-poorly-on-pay-promotion-as-per-internal-survey-cnbc" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Google Scores Poorly On Pay, Promotion As Per Internal Survey</a>
<ul>
<li class="ql-indent-1">Alphabet Inc&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Google&#39;s internal survey disclosed an unhappy workforce regarding critical issues like pay package and an ability to accomplish career goals, CNBC reports.</li>
<li class="ql-indent-1">Contrastingly, Google&#39;s mission and values fetched the highest scores.</li>
<li class="ql-indent-1">CEO Sundar Pichai won a favorable rating of 86% with less-flattering responses to specific Pichai questions.</li>
</ul>
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26138825/bofa-survey-shows-investors-growth-outlook-weakest-since-2008-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BofA Survey Shows Investors&#39; Growth Outlook Weakest Since 2008</a>
<ul>
<li class="ql-indent-1">Citing a monthly fund manager survey by BofA, Reuters reported that investors have more concerns regarding the global growth outlook since the financial crisis in 2008, and they have ramped up their cash holdings to a two-year high.</li>
<li class="ql-indent-1">The majority of investors managing about $1 trillion in assets polled expect an equity bear market in 2022, and allocations to global equities have dropped to the lowest levels since May 2020.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26139709/fed-to-throw-its-pandemic-emergency-measures-into-reverse-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Fed To Throw Its Pandemic Emergency Measures Into Reverse</a>
<ul>
<li class="ql-indent-1">Reuters revisits March 15, 2020, when the U.S. Federal Reserve, in the words of its boss Jerome Powell, &quot;crossed a lot of red lines that had not been crossed before.&quot;</li>
<li class="ql-indent-1">Fed is expected to throw its pandemic emergency measures into reverse, as on Tuesday it starts a two-day meeting that should deliver a 25 basis-point rate rise and could signal how far and fast policy tightening might go, reported Reuters.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/03/26138535/binance-wins-crypto-asset-service-provider-license-in-bahrain" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Binance Wins Crypto-Asset Service Provider License In Bahrain</a>
<ul>
<li class="ql-indent-1">Binance, the world&#39;s largest cryptocurrency exchange, has been granted a crypto-asset service provider license from the Central Bank of Bahrain (CBB), reported Reuters.</li>
<li class="ql-indent-1">It is the first such license in the Gulf Cooperation Council (GCC). The license permits crypto-asset trading, custodial services, and portfolio management.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26139341/sec-warns-brokers-to-remain-vigilant-to-market-counterparty-risk-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SEC Warns Brokers To &#39;Remain Vigilant&#39; To Market, Counterparty Risk</a>
<ul>
<li class="ql-indent-1">The commission prompted broker-dealers to closely monitor counterparty risk, collect &quot;margin&quot; or collateral from counterparties to &quot;the fullest extent possible,&quot; and stress test their positions.</li>
</ul>
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26134731/nickel-trading-to-resume-in-london-with-curbs-on-wednesday-after-week-long-halt-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Nickel Trading To Resume In London With Curbs on Wednesday After Week-Long Halt</a>
<ul>
<li class="ql-indent-1">Nickel trading will resume on the London Metal Exchange on Wednesday following a week-long suspension due to a historic short squeeze, Bloomberg News reported.</li>
<li class="ql-indent-1">The trading will resume with a few curbs at 4 am ET (8 am, London time) on March 16.</li>
<li class="ql-indent-1">The new curbs include daily price limits on nickel and other metals to avoid the wild price swings that led to vast margin calls last week and sent nickel prices to a record high in less than 24 hours.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/03/26138258/rwe-ag-may-be-forced-to-cover-risk-of-soaring-energy-prices" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">RWE AG May Be Forced To Cover Risk Of Soaring Energy Prices</a>
<ul>
<li class="ql-indent-1">German electricity producer RWE AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rweoy#OTC">RWEOY</a>) could set aside capital to manage soaring energy prices if Russian gas imports are halted due to the Ukrainian crisis in the long term, Bloomberg reported.</li>
<li class="ql-indent-1">Energy companies and traders have been facing the jitters as the Russian invasion of Ukraine, and the consequent sanctions have disturbed commodity markets.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/03/26138260/amid-looming-skepticism-several-us-states-consider-rolling-back-gasoline-taxes-bloomberg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amid looming Skepticism, Several US States Consider Rolling Back Gasoline Taxes</a>
<ul>
<li class="ql-indent-1">Several U.S. states will temporarily roll back their gasoline taxes, a move the Biden administration is considering backing on the federal level as the fuel cost has passed $4 a gallon. </li>
<li class="ql-indent-1">According to the auto club AAA, the average price of a gallon of unleaded gasoline in the U.S. was $4.32 on Sunday. </li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/03/26138496/cryptocurrency-exchange-ftx-wins-license-in-dubai" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Cryptocurrency Exchange FTX Wins License In Dubai</a>
<ul>
<li class="ql-indent-1">Cryptocurrency exchange FTX has received a virtual asset license in Dubai, Bloomberg reported.</li>
<li class="ql-indent-1">The exchange also has plans to set up a regional headquarters in Dubai.</li>
<li class="ql-indent-1">The firm will offer &quot;complex crypto-derivatives products with a centralized counterparty.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/03/26135730/15-million-crypto-addresses-linked-to-criminal-activity-in-russia-identified-by-forensics-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">15 Million Crypto Addresses Linked To Criminal Activity In Russia Identified By Forensics Firm</a>
<ul>
<li class="ql-indent-1">Cryptocurrency forensics firm Elliptic has found millions of cryptocurrency wallets possibly linked to criminals in Russia, Bloomberg reported on Monday, citing its co-founder Tom Robinson.</li>
<li class="ql-indent-1">According to the report, Elliptic identified over 15 million digital wallet addresses associated with Russia-based criminal activity and &quot;several hundred thousand&quot; tied to sanctioned Russians and their associates.</li>
<li class="ql-indent-1">The firm also observed a tripling of activity across the 400 virtual asset services that allow users to buy cryptocurrency in rubles.</li>
</ul>
Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/03/26138073/banks-fear-swift-will-be-next-russian-cyberattack-target" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Banks Fear Swift Will Be Next Russian Cyberattack Target</a> 
<ul>
<li class="ql-indent-1">The cyber specialists of the big banks have set an alert as concerns brew amongst the big banks over Swift&#39;s vulnerability to Russian cyberattacks, the Financial Times reports.</li>
<li class="ql-indent-1">The attacks ended, kicking seven of the country&#39;s lenders off the global payments messaging system. Swift plays a crucial role in global banking, facilitating trillions of dollars worth of daily transactions.</li>
</ul>
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/03/26135556/coinbase-to-launch-nft-marketplace-soon" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Coinbase To Launch NFT Marketplace &#39;Soon&#39;</a>
<ul>
<li class="ql-indent-1">Coinbase Global Inc&#39;s COIN non-fungible token (NFT) marketplace is likely to be launched soon, according to an update from the official Coinbase NFT Twitter account.</li>
<li class="ql-indent-1">&quot;Wen Coinbase NFT? Soon,&quot; tweeted the Coinbase NFT team on Tuesday.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/03/26136138/tesla-hikes-prices-in-both-us-china-for-the-second-time-within-a-week-all-you-need-to-know" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Hikes Prices In Both US, China For The Second Time Within A Week</a>
<ul>
<li class="ql-indent-1">On Monday, Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) raised the prices of its electric vehicles in the U.S. and China, the second such hike in a week amid inflationary pressure on raw material and logistics.</li>
<li class="ql-indent-1">Price Hikes In U.S.: Austin, Texas-based Tesla has raised prices for the entire lineup in the U.S. with hikes up to $12,500, the company&#39;s website shows.</li>
<li class="ql-indent-1">The Elon Musk-led EV maker bumped up the prices for Model 3 variants between $2,000 to $4,000 range.</li>
</ul>
Photo by Wikimedia Commons

Morning Brief: Top Stories Dominating Financial Media on Tuesday, March 15

<ul>
<li>German electricity producer&nbsp;RWE AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rweoy#OTC">RWEOY</a>)&nbsp;could set aside capital&nbsp;to&nbsp;manage&nbsp;soaring energy prices if Russian gas imports are halted due to the Ukrainian crisis in the long term,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-03-15/rwe-may-make-provisions-to-cover-risk-of-high-energy-prices?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reported</a>.</li>
<li>Energy companies and traders have been facing the jitters as the Russian invasion of Ukraine, and the consequent sanctions have disturbed commodity markets.</li>
<li>Soaring prices could make some of RWE&rsquo;s purchase contracts with other utilities unprofitable, forcing it to take precautions.</li>
<li>The report added that the European Union plans to cut Russian gas imports by two-thirds in 2022, forcing members to diversify away from Moscow.</li>
<li>Price Action: RWEOY shares closed at $40.52 on Monday.</li>
</ul>