Latest News for Scancell Holdings Stock (OTC:SCNLF)

Scancell Holdings PLC is engaged in the discovery and development of novel vaccines for the treatment of cancer. The company is exploiting the unrivalled potential of the immune system to seek out and destroy cancer using two proprietary immuno-oncology platforms: ImmunoBody and Moditope. Its potent innovative DNA-based ImmunoBody therapies generate ultra-high avidity T cell responses that target and eliminate cancerous tumors. Its Moditope platform technology overcomes the immune suppression induced by tumors themselves, allowing activated T cells to seek out and kill tumor cells that would otherwise be hidden from the immune system.

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AACAY

AFFINITY BEVERAGE GROUP by Affinity Beverage Group, Inc.

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FUTURE FARM TECHNOLOGIES by Future Farm Technologies Inc.

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Stocks That Hit 52-Week Lows On Tuesday

SCANCELL HOLDINGS PLC ORD by Scancell Holdings PLC.

Scancell Holdings PLC

WIIM

JBLU

JetBlue Airways shares are trading lower after the company reported Q1 financial results and issued worse-than-expected Q2 and FY24 Revenue outlook.

Truist Securities analyst Nicole Germino initiates coverage on Insmed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) with a Buy rating and announces Price Target of $48.

Price Target

Initiation

Analyst Ratings

INSM

Truist Securities Initiates Coverage On Insmed with Buy Rating, Announces Price Target of $48

Xerox Holdings Corp shares are trading lower after the company reported worse-than-expected Q1 results and reiterated FY24 guidance.

Ermenegildo Zegna Posts 8% Y/Y Increase In Q1 Revenue To €463.2M

Truist Securities analyst Barry Jonas upgrades PENN Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) from Hold to Buy and maintains the price target from $23 to $23.

Upgrades

PENN

Truist Securities Upgrades PENN Entertainment to Buy, Maintains Price Target to $23

IBRX

ImmunityBio shares are trading higher after the company announced FDA approval of ANKTIVA.

<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
Second Quarter and Full Year 2024 Outlook
</td>
<td colspan="1" rowspan="1">
Estimated 2Q 2024
</td>
<td colspan="1" rowspan="1">
Estimated FY 2024
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Available Seat Miles (&quot;ASMs&quot;) Year-Over-Year
</td>
<td colspan="1" rowspan="1">
(5.0%) - (2.0%)
</td>
<td colspan="1" rowspan="1">
Down low single digits
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Revenue Year-Over-Year
</td>
<td colspan="1" rowspan="1">
(10.5%) - (6.5%)
</td>
<td colspan="1" rowspan="1">
Down low single digits
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
CASM Ex-Fuel (1) Year-Over-Year (2)
</td>
<td colspan="1" rowspan="1">
5.5% - 7.5%
</td>
<td colspan="1" rowspan="1">
Up mid-to-high single digits
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Fuel Price per Gallon (3), (4)
</td>
<td colspan="1" rowspan="1">
$2.98 - $3.13
</td>
<td colspan="1" rowspan="1">
-
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Capital Expenditures
</td>
<td colspan="1" rowspan="1">
~$550 million
</td>
<td colspan="1" rowspan="1">
~$1.6 billion
</td>
</tr>
</tbody>
</table>

Guidance

JetBlue Airways Capex Outlook: Q2 ~$550M, FY24 ~$1.6B

Elon Musk, CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has given a nod of approval to ARK Invest&#8217;s analysis of the company&#8217;s Q1 expectations.
What Happened: Musk acknowledged ARK Invest&#8217;s analysis of Tesla&#8217;s Q1 expectations by commenting &#8220;Accurate&#8221; on Tasha Keeney&#8216;s interview with CNBC&#8217;s Last Call, posted on social media platform X on Tuesday.
ARK Invest&#8217;s Director of Investment Analysis &amp; Institutional Strategies, Tasha Keeney, expressed her views, stating, &#8220;I wouldn&#8217;t be surprised about some short-term upsets, but I think the long-term story is EVs are here to stay. Tesla&#8217;s prices are so competitive. It&#8217;s going to be very hard for any other company to catch up to them at this point.&#8221; 
<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">Accurate
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782634001271816516?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
ARK Invest has set a price target for Tesla at $2000 by 2027.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38348301/bitcoin-halving-elon-musks-dogecoin-tweet-solanas-rise-and-more-this-week-in-cryptocurrenc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Halving, Elon Musk&#8217;s Dogecoin Tweet, Solana&#8217;s Rise And More: This Week In Cryptocurrency</a>
Why It Matters: This comes ahead of Tesla&#8217;s Q1 earnings, which are due to be released on Tuesday. The company&#8217;s stock has been the subject of much speculation and activity recently. 
ARK Invest, led by Cathie Wood, made significant trades involving Tesla on Monday, acquiring <a href="https://www.benzinga.com/markets/equities/24/04/38368840/cathie-woods-ark-invest-seizes-tesla-dip-acquires-over-17m-in-shares-ahead-of-q1-results-zoom-st">over $17 million in shares</a>. 
Earlier, this month the company reported that it delivered 386,810 vehicles in <a href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival">the first quarter</a>, down from 422,875 a year earlier. Production figures were also lower, at 433,371 compared to 440,808 units in the year-ago period. This marks Tesla's first year-over-year decline in deliveries since pandemic-hit 2020.
Analysts are also cautious about Tesla&#8217;s Q1 earnings, with some questioning whether the company is still a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38367087/tesla-q1-earnings-preview-is-ev-giant-no-longer-a-growth-stock-analysts-cautious-wa">growth stock</a>. The company has also faced internal challenges, including recent <a href="https://www.benzinga.com/news/24/04/38361822/tesla-layoffs-hit-marketing-team-retracts-advertising-push">layoffs in its marketing</a> team.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38346682/shiba-inu-army-cheers-as-burn-rate-soars-172-price-rebounds?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Army Cheers As Burn Rate Soars 172%, Price Rebounds</a>
Image Via Shutterstock 
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 Engineered by 
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 Kaustubh Bagalkote</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
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Equities

Global

Tech

TSLA

Elon Musk Reacts As ARK Invest Analyst Says 'It's Going To Be Very Hard' For Tesla Rivals 'To Catch Up To Them' In Pricing: 'Accurate'

2024 Guidance
<ul>
<li>Revenue: decline of 3% to 5% in constant currency</li>
<li>Adjusted Operating Margin: at least 7.5%</li>
<li>Free cash flow: at least $600 million</li>
</ul>

Xerox Holdings Corp Reiterated FY24 Revenue Decline of 3%-5% in Constant Currency Vs $6.59B Est

JetBlue Airways Revenue Growth Outlook: Q2 (10.5%) - (6.5%), FY24 Down Low Single Digits

Baird analyst Timothy Wojs maintains Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) with a Outperform and lowers the price target from $215 to $208.

Baird Maintains Outperform on Simpson Manufacturing Co, Lowers Price Target to $208

iQiyi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>), often referred to as China&#8217;s Netflix, is adapting its strategy to cater to the country&#8217;s aging population. The company is also leveraging artificial intelligence (AI) to enhance its content production.
What Happened: iQiyi&#8217;s CEO and founder, Gong Yu, announced at the company&#8217;s annual conference on Tuesday that the platform is reorienting its focus towards older users, <a href="https://www.cnbc.com/2024/04/23/chinas-netflix-iqiyi-pivots-toward-an-aging-population-in-an-ai-era.html">reported</a> CNBC. Gong highlighted the challenges faced by older users, such as eyesight deterioration due to increased screen time.
He also pointed out that by 2033, a quarter of China&#8217;s population will be considered elderly, a figure that is expected to rise to a third by 2053. With the country&#8217;s aging population, iQiyi is looking to improve its content quality for children, as fewer children are being born in China.
See Also: <a href="https://www.benzinga.com/markets/asia/24/04/38369354/nvidias-high-end-chips-ended-up-in-chinese-hands-despite-us-ban-heres-how-beijing-scored-them?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s High-End Chips Ended Up In Chinese Hands Despite US Ban: Here&#8217;s How Beijing Scored Them</a>
Additionally, iQiyi is integrating AI tools into its content production process. The company&#8217;s Chief Technology Officer, Liu Wenfeng, demonstrated the platform&#8217;s AI capabilities, which can quickly replicate multi-camera shots in a virtual environment and analyze novels for production-worthy stories.
This shift in strategy comes at a time when iQiyi is looking to expand its business in overseas markets as growth in China moderates. The company, which went public in the U.S. in 2018, reported a profit for the first time in 2023, after posting annual losses of $1 billion or more for several years.
Why It Matters: The shift in iQiyi&#8217;s strategy reflects the changing demographics in China, with an increasing number of elderly citizens. This move also aligns with the broader trend of AI integration in the entertainment industry.
Earlier in April, Adobe Inc. announced the development of an <a href="https://www.benzinga.com/news/24/04/38275099/adobes-latest-ai-innovation-promises-a-new-era-for-video-content-creation">AI model for generating video content</a>, positioning itself in competition with other major players like OpenAI&#8216;s Sora and Google&#8217;s Imagen 2 in the generative AI video technology field.
However, AI&#8217;s disruptive potential has also <a href="https://www.benzinga.com/general/24/02/37400098/billionaire-tyler-perry-pauses-880-million-studio-expansion-because-of-ai-video-platform-sora-from-o">led to challenges</a>, as seen with filmmaker Tyler Perry putting his studio expansion plans on hold due to the threat from AI-powered tools like Sora.
Companies like Netflix are also adapting their strategies to cater to changing consumer preferences and technological advancements. Netflix recently reported a <a href="https://www.benzinga.com/24/04/38363616/netflix-shatters-earnings-expectations-with-surprising-revenue-reveal-and-soaring-subscriber-surge-b">surge in subscriber numbers</a>, indicating the growing demand for streaming services.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/04/38346345/chinese-hackers-may-control-your-water-and-are-laying-in-wait-fbi-warns-3-startups-to-watch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chinese Hackers Could Control Your Water — And Are Laying in Wait: FBI</a>
Image via Shutterstock
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 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
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 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Entertainment

Media

'China's Netflix' Wants To Woo Aging Population With AI Content After Turning Profitable

Elon Musk&#8216;s SpaceX has reported injury rates that surpass the industry average for the second consecutive year. This could potentially raise concerns for the company&#8217;s clients, including NASA.
What Happened: Recent safety data submitted to U.S. regulators by SpaceX revealed that the company&#8217;s injury rates in 2023 were higher than the industry average, Reuters reported.
The data, newly disclosed by the Occupational Safety and Health Administration (OSHA), also indicates a worsening trend in injury rates at some SpaceX facilities compared to 2022.
At SpaceX&#8217;s Brownsville, Texas manufacturing-and-launch facility, the reported injury rate was 5.9 per 100 workers, exceeding the 2022 rate of 4.8 and the industry average of 0.8. 
This follows a previous Reuters investigation that uncovered over 600 unreported worker injuries at SpaceX, including incidents resulting in crushed limbs, amputations, severe head injuries, and a fatality.
&#8220;NASA should be concerned about the quality of the work,&#8221; said David Michaels, a former OSHA administrator who is now a professor at George Washington University. High injury rates, he added, can be &#8220;an indicator of poor production quality.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38350014/elon-musk-reacts-to-teslas-pricing-debate-only-a-fool-thinks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tesla&#8217;s Pricing Debate: &#8216;Only A Fool Thinks ….&#8217;</a>
SpaceX did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Why It Matters: This news comes at a time when Musk&#8217;s influence in the space industry is under the spotlight. Just a day before this report, Walter Isaacson, <a href="https://www.benzinga.com/general/24/04/38355446/elon-musk-is-the-only-person-able-to-get-us-astronauts-to-orbit-nasa-can-no-longer-do-it-boeing-cant">a prominent biographer, pointed out</a> Musk&#8217;s unique position in U.S. space exploration, stating that Musk is the only person capable of launching U.S. astronauts into orbit, a task that neither NASA nor Boeing can currently accomplish.
However, this revelation about SpaceX&#8217;s injury rates raises questions about the company&#8217;s operational standards, especially in light of previous safety concerns. In February, <a href="https://www.benzinga.com/news/24/02/37114481/elon-musks-spacex-fined-over-safety-violations-following-near-amputation-incident-report">SpaceX was fined $3,600</a> by U.S. worker safety officials following a near amputation incident at its Washington site. This incident was part of a series of safety violations and injuries that had been previously unreported.
Moreover, Musk&#8217;s other venture, The Boring Company, has also been under scrutiny for its <a href="https://www.benzinga.com/startups/24/04/38023883/i-refuse-to-be-the-first-fatality-elon-musks-the-boring-companys-safety-record-reportedly-left-emplo">poor safety record</a> and dangerous working conditions, further raising concerns about Musk&#8217;s overall approach to worker safety.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38346576/doge-day-has-an-elon-musk-connection-meme-coin-rebounds-after-the-bitcoin-halving-sell-the?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Doge Day Has An Elon Musk Connection, Meme Coin Rebounds After The Bitcoin Halving &#8216;Sell-The-News&#8217; Drop</a>
Image Via Shutterstock 
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<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

SPACE

Elon Musk's SpaceX Injury Rates Exceed Industry Average Again, Raising Concerns For NASA And Clients: Report

The Company is affirming its full year 2024 equipment rental revenue growth, adjusted EBITDA, and gross and net rental capital expenditures&nbsp;guidance&nbsp;ranges.&nbsp;

Herc Holdings Affirms 2024 Performance Targets, Excluding Cinelease, Of 7-10% Equipment Rental Revenue Growth And Adjusted EBITDA Of $1.55B-$1.60B

First Quarter 2024 Key Highlights
<ul>
<li>Continued Implementing Strategic Network Changes
<ul>
<li>Announced the scaling back of flying at Los Angeles International Airport, reallocating flying to more profitable opportunities in core leisure markets. Departure count will be down by roughly one-third, effective June 13th.</li>
<li>Rationalized our footprint at seven stations, making progress to exit Baltimore, Bogot&aacute;, Burlington, Kansas City, Lima, Newburgh and Quito.</li>
<li>Launched new non-stop seasonal service to Dublin, Ireland from New York&#39;s John F. Kennedy International Airport and Boston Logan International Airport (&quot;BOS&quot;), and launched new daily nonstop service to Paris Charles de Gaulle Airport from BOS.</li>
</ul>
</li>
<li>Executed on Our Cost Initiatives
<ul>
<li>Implemented new fixed cost savings initiatives, including offering voluntary opt-out opportunities to select work groups, and rationalizing our real estate footprint.</li>
<li>Achieved ~$100 million in structural cost savings to-date, keeping JetBlue on track to deliver run-rate savings of $175 million to $200 million by the end of 2024.</li>
<li>Realized $70 million in cumulative cost savings from our fleet modernization program, which is now expected to deliver $100 million in cost savings through 2024, vs. $75 million previously, as we continue to replace the Embraer E190s with the margin-accretive A220s.</li>
</ul>
</li>
<li>Provided Exceptional Service for Our Customers
<ul>
<li>Delivered improved operational performance versus our expectations, even with more disruptive operational events than last year, resulting in a completion factor of 98.7%.</li>
<li>Launched additional ancillary revenue initiatives, including preferred seating on select routes, giving customers more options to choose the seat that best aligns with their preferences.</li>
<li>Announced new and improved Signature Perks for Mosaics, including dedicated phone support, greater access to the Mint cabin, and the ability to gift Mosaic 1 status, further expanding the ways our most loyal customers can be rewarded.</li>
</ul>
</li>
<li>Advanced Our Progress as a Sustainability Leader
<ul>
<li>Acted as one of three airlines in the largest-ever collective purchase of sustainable aviation fuel (&quot;SAF&quot;) certificates, equal to about 50 million gallons of high-integrity SAF, or 500,000 tons, of abated CO2e, through the Sustainable Aviation Buyers Alliance.</li>
</ul>
</li>
</ul>

Earnings

JetBlue Airways Says It Achieved ~$100M In Structural Cost Savings to-date To Deliver Run-rate Savings Of $175M-$200M By End 2024

PulteGroup's Q1 Net New Orders Increased 14% to 8,379 Homes

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates Enlivex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENLV#NASDAQ">ENLV</a>) with a Buy and maintains $7 price target.

Reiteration

ENLV

HC Wainwright & Co. Reiterates Buy on Enlivex Therapeutics, Maintains $7 Price Target

GM shares are trading higher after the company beat Q1 earnings estimates and raised its 2024 outlook.

Management

FWRD

Forward Air Names  Shawn Stewart As CEO And Director Of The Board, Effective April 28

Herc Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) reported quarterly Adj earnings of $2.36 per share which beat the analyst consensus estimate of $2.15 by 9.77 percent. This is a 0.43 percent increase over earnings of $2.35 per share from the same period last year. The company reported quarterly sales of $804.000 million which beat the analyst consensus estimate of $782.852 million by 2.70 percent. This is a 8.65 percent increase over sales of $740.000 million the same period last year.

Herc Hldgs Q1 2024 Adj EPS $2.36 Beats $2.15 Estimate, Sales $804.000M Beat $782.852M Estimate

Scancell Holdings (GB:SCLP) has released an update. Scancell Holdings Plc, a developer of novel immunotherapies for cancer, will present at the 8th...

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Latest News for Scancell Holdings Stock (OTC:SCNLF)

Tuesday, August 27, 2019