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VXX adds $63.85 As Fear Still Pervades Market -  ETF Winners And Losers: Small-Cap Fund Flows

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We performed a screening of mid-cap ETFs - defined as having Assets Under Management (AUM) between $400 million and $2 billion - to determine what funds had the largest change in net assets on the week, according to data from etfdb.com. Only non-leveraged funds were considered. 

VXX Adds $63.85 As Fear Still Pervades Market -  ETF Winners And Losers: Small-Cap Fund Flows

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iShares Trust Dow Jones US Real Estate Fund Index

EWRE

Office Real Estate Crisis Predicted To Worsen By 2030: How Major Cities Can Adapt

These appointments were made, and became effective, as of May 15, 2024. All of these new executives will be based in Washington, D.C. As previously announced, Brenda J. Battey, Executive Vice President and Chief Financial Officer will retire by the end of the&nbsp;second quarter.

Management

BYFC

Broadway Financial Names Zack Ibrahim As Executive Vice President And CFO

LUNA

Luna Innovations Reveals Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report On Form 10-Q

Earnings

Earnings Misses

ALVO

Alvotech Q1 2024 Sales $36.894M Miss $45.000M Estimate

Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>) reported quarterly losses of $(0.89) per share. This is a 28.23 percent increase over losses of $(1.24) per share from the same period last year.

Alvotech Q1 2024 GAAP EPS $(0.89) Up From $(1.24) YoY

Top Stories for May 21, 2024:
1. U.S. Steel&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) Board of Directors addressed misinformation about the pending all-cash deal with Nippon Steel <a href="https://www.benzinga.com/news/24/05/38941841/united-states-steel-expects-to-close-deal-with-nippon-steel-in-second-half-of-this-year">expected to close</a> in the second half of the year.&nbsp;
They emphasized the transaction&#8217;s benefits, including investor value, job security, community support and national security that have been endorsed by third parties.&nbsp;
They criticized competitor and unsuccessful bidder Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) for spreading false information to derail the deal.&nbsp;
The Board chose Nippon's offer over Cleveland-Cliffs due to superior value and lower antitrust risks.&nbsp;
The board believes the deal ensures U.S. Steel&#8217;s growth, competition and innovation, and has broad support from its stakeholders.
2. Paramount Gold Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PZG#NYSE">PZG</a>) announced that its Grassy Mountain gold mine will benefit from a joint reclamation bond between the Oregon Department of Geology and Mineral Industries (DOGAMI) and the Bureau of Land Management (BLM).&nbsp;
This agreement was established through a memorandum of understanding and reduces capital requirements and administrative burdens by requiring only one reclamation bond.&nbsp;
Paramount&#8217;s President Glen Van Treek praised the cooperation between DOGAMI and BLM, noting the benefits for the mine&#8217;s development and operation.&nbsp;
The memorandum of understanding ensures coordinated guidance and monitoring of mining operations on both federal and private lands.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/large-cap/24/05/38941940/nickel-crisis-fuels-unrest-in-new-caledonia-pushes-prices-above-20-000-per-ton">Nickel Crisis Fuels Unrest In New Caledonia, Pushes Prices Above $20,000 Per Ton</a>
3. Metals Acquisition (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTAL#NYSE">MTAL</a>) announced the &#8220;Redemption Fair Market Value&#8221; for its public and private placement warrants to purchase ordinary shares.&nbsp;
The company will redeem all outstanding warrants on June 5, 2024, for 10 cents each.&nbsp;
Warrant holders can exercise their warrants for cash or on a cashless basis by that date.&nbsp;
The &#8220;Redemption Fair Market Value&#8221; is $13.33, granting 0.3063 ordinary shares per warrant for cashless exercises. Notices have been sent to registered warrant holders.
4. Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) amended its acquisition agreement with Alumina Limited, ensuring shareholders receive 0.02854 New CHESS Depositary Interests (CDIs) per Alumina Limited share, tradable on the Australian Securities Exchange.&nbsp;
To comply with U.S. regulations, CITIC Group will receive approximately 1.5% of its consideration as non-voting preferred stock instead of CDIs.&nbsp;
The transaction is expected to complete in the third quarter of 2024.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/24/05/38895301/solitario-resources-finds-new-gold-zones-in-south-dakota-highest-grade-samples-collected">Solitario Resources Finds New Gold Zones In South Dakota: &#8216;Highest-Grade Samples Collected&#8217;</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Unsplash

Commodities

MTAL

US Steel Addresses Misinformation; PZG's Grassy Mountain Bond Agreement; Metals Acquisition Warrant Redemption And More: Tuesday's Top Mining Stories

At JPMorgan&#8217;s 52nd annual TMC conference in Boston, Microsoft Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CVP of Cloud &amp; AI Commercial Marketing, Alysa Taylor, shared valuable insights into the company&#8217;s evolving AI strategy <a href="https://www.benzinga.com/quote/MSFT/news">and cloud initiatives</a>.
Analyst Mark R. Murphy highlighted several critical takeaways from the session that are essential for investors.
<h3 class="wp-block-heading">End-To-End AI Integration Across Microsoft Cloud Stack</h3>
Microsoft&#8217;s commitment to AI is evident in its integration across the entire cloud stack. The company has embedded AI at every level of the Microsoft Cloud, offering a differentiated stack that includes first-party assets like M365, Dynamics, GitHub, Power Platform, and Security Services. 
The extensibility of these assets is enhanced through tools like Copilot Studio, enabling organizations to build customized AI solutions. With over 1,700 models in its catalog, Microsoft emphasizes the importance of &#8220;fit-to-purpose&#8221; models rather than a one-size-fits-all approach. 
Key universal AI use cases identified include:
<ul>
<li>Customer experience</li>
<li>Employee productivity, and</li>
<li>Operational efficiency.</li>
</ul>
<h3 class="wp-block-heading">Azure&#8217;s Halo Effect</h3>
Azure continues to drive significant growth for Microsoft, fueled by strong AI demand signals. 
Organizations are transitioning from AI experimentation to full-scale deployment, and ecosystem partners are gaining more AI specializations. Microsoft noted that one-third of its 53,000 Azure AI customers are new to the platform, and half are utilizing Azure&#8217;s data services. 
This highlights a trend where customers are leaning into cloud investments, not just for core AI services but for a broader range of offerings.
Also Read: <a href="https://www.benzinga.com/news/24/05/38946787/microsoft-ceo-says-gpt-4o-is-generally-available-on-azure-ai-azure-ai-studio-is-generally-available">Microsoft CEO Says GPT-4o Is Generally Available On Azure AI; Azure AI Studio Is Generally Available</a>
<h3 class="wp-block-heading">Strategic CapEx Investments</h3>
During its recent earnings call, Microsoft mentioned that near-term AI demand is slightly outpacing available capacity. 
At the conference, the company clarified that this is not a significant concern. Microsoft&#8217;s CapEx investments are driven by conservative demand forecasts, which sometimes result in demand exceeding supply in the short term. 
The adoption of AI services is happening faster than previous technological shifts like cloud computing and smartphones, underscoring the strong market potential.
For investors, these insights underscore Microsoft&#8217;s positioning in the AI and cloud markets. The company&#8217;s strategic approach to AI integration, coupled with the expanding footprint of Azure, could position Microsoft well for continued growth. 
As AI adoption accelerates, it remains to be seen whether Microsoft&#8217;s conservative yet forward-looking investment strategy would deliver it long-term success.
Price Action: Murphy maintains an Overweight rating on Microsoft, which is closed at $429.04 per share Tuesday — up 0.87%.
Read Next: <a href="https://www.benzinga.com/top-stories/24/05/38949565/microsoft-unveils-5-game-changing-ai-tools-at-build-2024-conference">Microsoft Unveils 5 Game-Changing AI Tools At Build 2024 Conference</a>
Image: Shutterstock

Analyst Color

Long Ideas

Analyst Ratings

Tech

Trading Ideas

MSFT

Microsoft Unveils AI Strategy Updates, Touts 'Fit-To-Purpose' Models, Plans To Expand Azure Footprint

Former President Donald Trump is now accepting cryptocurrency for official campaign donations, extending on his recent support for the sector in an event with owners of one of<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38739003/how-much-did-donald-trumps-crypto-portfolio-pump-after-he-said-hes-fine-with-it"> his NFT collections.</a>
What Happened: In early May, Trump showed his support for the cryptocurrency sector and said that his campaign would accept crypto donations <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38736514/donald-trump-says-you-better-vote-for-him-if-youre-pro-crypto-but-has-he-always-been-fine-">in the future.</a>
"If you like crypto in any form…if you're in favor of crypto you'd better vote for Trump," the former president said at the time.
On Tuesday, Trump's presidential election campaign <a href="https://www.donaldjtrump.com/news/bc422399-088b-49a0-a39b-c094fad4daf8">became </a>the first major party campaign to accept cryptocurrency donations.
"This addition to President Trump's already groundbreaking digital fundraising operation marks the first time a major party Presidential nominee has embraced cryptocurrencies for donations," a statement reads.
The fundraising effort follows Federal Election Commission regulations and is said to allow any cryptocurrency that is currently accepted in the Coinbase Commerce product from Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
"Demonstrating President Trump's success as a champion of American freedom and innovation, we proudly offer you a chance to contribute to the campaign with cryptocurrency. Saving our nation from Biden's failures requires your support," the website reads.
The website says that Trump "stands ready to embrace new technologies that will Make America Great Again."
Images on the <a href="https://www.donaldjtrump.com/crypto">site </a>show support for the following cryptocurrencies listed below, while others may also be supported using the Coinbase product.
<ul>
<li>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</li>
<li>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</li>
<li>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</li>
<li>Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>)</li>
<li>XRP (CRYTO:XRP)</li>
<li>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</li>
<li>Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>)</li>
<li>Shiba Inu (CRYTO:SHIB)</li>
<li>Avalanche (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/avax/usd">AVAX</a>)</li>
</ul>
Related Link:<a href="https://www.benzinga.com/general/politics/24/05/38569790/trump-uses-gag-order-fines-as-fundraising-opportunity-they-want-to-silence-me-they-think-they-ca"> Trump Uses Gag Order Fines As Fundraising Opportunity: &#8216;They Want To Silence Me! They Think They Can Bleed Me Dry!&#8217;</a>
Why It's Important: The move to accept cryptocurrency donations for his campaign comes <a href="https://www.benzinga.com/markets/cryptocurrency/23/05/32500881/presidential-candidate-robert-f-kennedy-jr-to-accept-campaign-donations-in-bitcoin-outline">as independent competitor</a> in the 2024 election Robert F. Kennedy Jr. has <a href="https://www.kennedy24.com/donate">accepted </a>Bitcoin for months.
Trump&#8217;s effort to attract the cryptocurrency crowd comes as President Joe Biden and several key Democratic leaders in Congress have been recognized <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38880951/senate-votes-to-overturn-controversial-sec-crypto-rule-but-will-biden-veto-it">as anti-crypto </a>in policy.
"As our President, Donald J. Trump has reduced regulations and championed innovation in financial technology, while Democrats, like Biden and his official surrogate Elizabeth Warren, continue to believe only government has the answers to how our nation leads the world," a statement reads.
Trump references that Senator Elizabeth Warren (D-Mass.) is <a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31602091/dogecoin-creator-disapproves-elizabeth-warrens-anti-crypto-army-plans">building an "anti-crypto army."</a>
"MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!"
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38749745/if-you-invested-1-000-in-bitcoin-when-donald-trump-said-the-cryptos-value-was-based-on-thi">If You Invested $1,000 In Bitcoin When Donald Trump Said The Crypto&#8217;s Value Was &#8216;Based On Thin Air,&#8217; Here&#8217;s How Much You&#8217;d Have Now</a>
Image generated using artificial intelligence via Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Politics

$ADA

$AVAX

$BTC

$DOGE

$ETH

$SHIB

$SOL

$USDT

$XRP

COIN

Trump Accepts Cryptocurrency Donations In Bitcoin, Ethereum, Shiba Inu, Dogecoin And More, Says MAGA Supporters 'Will Build A Crypto Army'

ViaSat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) shares are falling after the company reported its fourth-quarter financial results after the bell on Tuesday. Here's a look at the <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38848782/the-spy-flies-higher-after-u-s-inflation-report-renews-hopes-of-rate-cuts">details from the quarter.</a> 
The Details:
ViaSat reported a fourth-quarter adjusted loss of 24 cents per share, beating the analyst consensus estimate for a loss of 63 cents per share. Quarterly sales came in at $1.15 billion, beating analyst estimates of $1.094 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Satellite Services revenue grew 95% year-over-year and Government Systems revenue increased 77% year-over-year due to the addition of Inmarsat. 
Awards for the quarter were $1.1 billion, an increase of 59% year-over-year due to the full quarter contribution from the acquisition of Inmarsat, energy products and antenna system products. 
&#8220;Our Fiscal Year 2024 results reflect continued revenue and Adjusted EBITDA growth, above the high end of our guidance, driven by our mobility and government businesses. FY2024 was a defining year. We achieved our near-term business priorities while strengthening our capital structure and investing for profitable, sustainable growth,&#8221; the company said in a letter to shareholders.
Outlook:&nbsp;
ViaSat expects fiscal year 2025 revenue growth to be roughly flat on a year-over-year basis. The company said it expects Satellite Services revenue to decline in the low to mid-single digits year-over-year. 
ViaSat expects Government Systems revenue to achieve high-single digits growth on a year-over-year basis and Commercial Networks revenue to grow in the mid-single digits year-over-year.
Related News:<a href="https://www.benzinga.com/news/24/05/38741220/whats-going-on-with-pelotons-stock"> </a><a href="https://www.benzinga.com/news/earnings/24/05/38926952/palo-alto-networks-shares-drop-after-q3-results-in-line-guidance-the-details">Palo Alto Networks Shares Drop After Q3 Results, In-Line Guidance: The Details</a>
VSAT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, ViaSat shares are down 12.5% after hours at $16.48 at the time of publication Tuesday.
Image: Gerd Altmann from Pixabay

Movers

VSAT

ViaSat Shares Fall On Q4 Results, Forward Guidance

The dividend will be payable&nbsp;June 28, 2024, to shareholders of record at the close of business on&nbsp;June 3, 2024.

Dividends

M&T Bank Increases Common Stock Dividend By 4% From $1.30 To $1.35 Per Share

Rudy Giuliani is entering the coffee business at a bitter time in his life. 
A onetime New York City mayor, Rudy Giuliani now faces multiple legal challenges related to the 2020 election.
Similar to his former boss Donald Trump, Giuliani could be using the increased attention and legal challenges as an opportunity to<a href="https://www.benzinga.com/general/entertainment/23/08/34052207/monetizing-the-mug-trump-arrest-photo-encapsulates-a-sharp-chapter-in-american-history"> raise money from supporters.</a>
While Trump sold mug shot merchandise and non-fungible tokens, Giuliani is launching Rudy Coffee.
"You all know I stand by the truth and if I put my name on something, I truly believe in it," Giuliani said in a video he <a href="https://x.com/RudyGiuliani/status/1792981570690662754">tweeted</a> Tuesday. 
Giuliani said he's "incredibly proud of&#8221; the organic specialty coffee. 
"It's the best coffee you'll ever try."
Giuliani Pleads Not Guilty In Latest 2020 Election Case: Giuliani pleaded not guilty Tuesday to charges in Arizona related to fake electors in the 2020 election. Several other Trump allies who were charged also pleaded not guilty.
Giuliani attended the arraignment virtually via Zoom. Prosecutors said that the former New York mayor has been "uncooperative" in the case, as <a href="https://abcnews.go.com/US/rudy-giuliani-expected-arraigned-arizona-election-interference-probe/story?id=110436094">reported </a>by ABC. He was pursued in recent weeks by process servers, who struggled to track him down with papers related to<a href="https://www.benzinga.com/general/politics/24/05/38859505/where-on-earth-is-rudy-giuliani-arizona-prosecutors-cant-find-former-nyc-mayor-trump-ally"> the upcoming trial.</a>
The judge threatened to mute Giuliani on the Zoom call after the former mayor told stories of alleged threats made against him.
A Cup Of Joe With Rudy: The Rudy.coffee website reveals three flavors: "bold coffee," "decaf coffee" and "morning coffee." The bags are available for pre-order with shipping expected in June. The 2-pound bags sell for $29.99 each.
"I've moved at a fast pace, and have had many different roles in life, but the one constant thing has been a good cup of coffee, which is now proven to have health benefits."
Related Link: <a href="https://www.benzinga.com/news/24/01/36816362/donald-trumps-legal-quagmire-deepens-giuliani-drops-unpaid-fees-bombshell-in-bankruptcy-filing">Donald Trump&#8217;s Legal Quagmire Deepens, Rudy Giuliani Drops &#8216;Unpaid Fees&#8217; Bombshell In Bankruptcy Filing</a>
The new coffee business comes months after the former mayor and Trump lawyer filed for bankruptcy in December.
The bankruptcy filing came after <a href="https://www.benzinga.com/news/23/12/36269387/rudy-giuliani-hit-with-148m-payment-after-defamation-ruling-in-georgia-election-case-it-would-be-the">Giuliani was found liable</a> for defamation against two 2020 Georgia election workers. Giuliani was ordered to pay $148 million to Ruby Freeman and Shaye Moss.
According to the New York Post, Giuliani was <a href="https://nypost.com/2024/05/20/us-news/rudy-giuliani-launches-coffee-brand-amid-bankruptcy-case-and-legal-woes/">suspended </a>from a radio job with WABC in New York after refusing to stop spreading 2020 election misinformation. The $15,000-per-month job was one of Giuliani&#8217;s last sources of income. 
Giuliani turns 80 on May 28 and faces additional legal challenges ahead.
Read Next: <a href="https://www.benzinga.com/general/politics/23/12/36440360/rudy-giuliani-regrets-not-filing-for-nyc-pension-former-new-york-mayor-bankrupt-after-148m-rulin">Rudy Giuliani Regrets Not Filing For NYC Pension, Former New York Mayor Bankrupt After $148M Ruling</a>
Photo via Shutterstock.

Legal

Rudy Giuliani Announces New Coffee Brand As Legal Troubles Mount: From Bankruptcy To Barista

WIIM

EPRX

Eupraxia Pharmaceuticals shares are trading higher after the company announced data from its Phase 1b/2a RESOLVE trial showing 'tolerability and extended signals of potential efficacy out to 24 weeks without meaningful side effects.'

The reverse stock split will become effective at 12:01 a.m. Eastern Daylight Time on Thursday, May 30, 2024.

Stock Split

BCDA

BioCardia Intends To Effect Reverse Stock Split Of Its Common Stock At Ratio Of 1 Post-Split Share For Every 15 Pre-Split Shares

<ul>
<li>Trial's first and second cohorts maintaining signs of potential efficacy out to 24 weeks</li>
<li>Data from&nbsp; the second cohort showed improvements in eosinophil counts and histological scores out to 12 weeks suggesting a dose response over the first cohort</li>
<li>Data from the trial's third cohort suggest improvements in patient-reported symptoms and histological outcomes at 12 weeks</li>
<li>EP-104GI showed an encouraging safety profile in all three cohorts</li>
</ul>

Eupraxia Pharmaceuticals Announces Additional Positive Clinical Data From Phase 1b/2a RESOLVE Trial Evaluating EP-104GI For Eosinophilic Esophagitis (EoE) - Press Release

Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) has outperformed the market over the past 20 years by 3.83% on an annualized basis producing an average annual return of 11.89%. Currently, Lockheed Martin has a market capitalization of $112.37 billion. 
Buying $100 In LMT: If an investor had bought $100 of LMT stock 20 years ago, it would be worth $938.87 today based on a price of $468.31 for LMT at the time of writing.
<h3>Lockheed Martin's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716325274_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $900 Today

EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) has outperformed the market over the past 20 years by 3.95% on an annualized basis producing an average annual return of 12.0%. Currently, EOG Resources has a market capitalization of $74.08 billion. 
Buying $100 In EOG: If an investor had bought $100 of EOG stock 20 years ago, it would be worth $970.63 today based on a price of $128.90 for EOG at the time of writing.
<h3>EOG Resources's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716325269_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $1,000 Today

Nikki Neuburger will become Chief Brand &amp; Product Activation Officer, overseeing Merchandising, Footwear, and Product Operations, in addition to her current responsibilities leading Brand. Elizabeth Binder, Chief Merchandising Officer, will report to Neuburger.

LULU

lululemon Elevates Global Creative Director And Establishes Chief Brand & Product Activation Officer Role

The strategic organizational changes are intended to support the company&#39;s near- and long-term growth plans, accelerate product innovation, and further enable its go-to-market strategies.
lululemon will report its financial results and earnings for the&nbsp;first quarter&nbsp;of 2024 on Wednesday, June 5, following market close.

lululemon Does Not Intend To Replace Role Of Chief Product Officer; Jonathan Cheung, Global Creative Director, Will Report To CEO Calvin McDonald, Effective Immediately

lululemon Implements Updated And More Integrated Organizational Structure; Reports Departure Of Chief Product Officer Sun Choe

Buybacks

WRLD

On May 15, World Acceptance Board Approved Share Repurchase Program For Up To $20M Of Common Stock Inclusive Of Any Amount Remains Available Under Prior Repurchase Authorizations - Filing

With 24 states and DC now having legalized cannabis, 38 states having approved medical marijuana and the <a href="https://www.benzinga.com/markets/cannabis/24/05/38880719/biden-announces-monumental-marijuana-rescheduling-doj-to-take-next-steps">Biden administration easing</a> the <a href="https://www.benzinga.com/markets/cannabis/23/07/33156524/dea-turns-50-unveiling-the-ineffectiveness-of-the-ongoing-war-on-drugs-now-what">DEA's draconian Schedule I</a> classification, researchers (and probably far more parents) are wondering what this all means for our teenagers.
Despite the above list of legal access, it's worth mentioning that no teenager can get through the door of any legal marijuana dispensary. However, we all know that's not where or how kids get their weed.
Though some studies have indicated that marijuana use can harm the developing brain and many health experts worry that relaxing cannabis laws will increase usage among minors.
Rebekah Levine Coley, a developmental psychologist at Boston College, is less certain.
In April, Coley and her colleagues <a href="https://jamanetwork.com/journals/jamapediatrics/article-abstract/2817566">published a study in JAMA</a> examining drug use patterns among 900,000 high school students from 2011 to 2021, using data from the <a href="https://www.cdc.gov/healthyyouth/data/yrbs/results.htm">Youth Risk Behavior Survey</a>. They found fewer minors reported cannabis use in states where it's been legalized. That said, in the states that both legalized cannabis and have launched retail sales, some adolescents were more frequent consumers. The net effect overall was a flat or slight decline in adolescent cannabis use.
Coley discussed the study with <a href="https://www.nytimes.com/2024/05/20/health/marijuana-weed-adolescents-coley.html">The New York Times</a>, where their interview began looking at the common assumption that legal cannabis would lead to increased use among teens.
<h3 class="wp-block-heading">Not Quite, Says Expert: Consumption Has Declined In Legal States</h3>
Contrary to expectations, the study found slight declines in cannabis use among adolescents in states that legalized recreational marijuana, which Coley said made sense. "Yes, common sense might argue that as cannabis becomes legalized, it will be more accessible. There will be fewer potential legal repercussions, hence availability would increase and use would increase," Coley said. "We did not find that with adolescents. If anything, we are seeing very small declines in cannabis use in states that legalized recreational cannabis, as well as declines in alcohol use and e-cigarettes."
<h3 class="wp-block-heading">Why?</h3>
One reason Coley posed was parental awareness. "As cannabis has become legalized, parents and others are more aware of potential access for their children…parents are having more discussions with adolescents about the potential risks or imposing more supervision."
An earlier <a href="https://www.benzinga.com/markets/cannabis/23/12/36228666/the-kids-are-alright-government-study-finds-teen-cannabis-use-holds-steady-despite-increased-sta">Monitoring the Future study</a> also concluded that teen use rates of marijuana are going down.
NYT reporter Matt Richtel asked how the study results affect how Coley views policy changes that are set relax cannabis laws at the federal level.
"The evidence provides some hope that increasing legalization, even at a federal level, will not lead to substantial increases in adolescent use. That said, we know that there are some notable potential health implications of adolescent use of cannabis," Coley, said, cautioning about teen attraction to vaping and edibles, which are hard to dose. "So, continuing to track adolescent use of cannabis and other substances remains a key public health concern."
This topic among so many others will be discussed at upcoming Benzinga Cannabis Capital Conference on Oct. 8-9.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a>&nbsp;before prices go up by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.
Now read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38948275/cannabis-stocks-and-etfs-surged-on-marijuana-rescheduling-news-wtrs-industry-report">Cannabis Stocks And ETFs Surged On Marijuana Rescheduling News: WTR&#8217;s Industry Report Analyzes What&#8217;s Behind The Optimism</a>
Photo: Courtesy of&nbsp;<a href="https://unsplash.com/@aedrian?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" target="_blank" rel="noreferrer noopener">Aedrian</a>&nbsp;on&nbsp;<a href="https://unsplash.com/photos/ECt01A5HZtw?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" target="_blank" rel="noreferrer noopener">Unsplash</a>

Cannabis

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