Latest News for ASR Nederland Stock (OTC:ASRRF)

ASR Nederland NV is an insurance company. The company offers a variety of insurance policies to its customers. The business segments are Non-life; Life; Banking, Asset Management; Distribution and Services and Holding and Other. The Non-life insurance entities offer Non-life insurance contracts. Its life insurance entities offer financial products such as life insurance contracts and life insurance contracts on behalf of policyholders. The Asset Management segment involves all activities related to asset management including investment property management. Its Distribution and Services segment includes activities related to the distribution of insurance contracts.

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ALTERNATE HEALTH CORP ORD by Alternate Health Corp.

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ASR NEDERLAND N V ORD by ASR Nederland N.V.

ASR Nederland NV

The Minnesota House has approved legislation to accelerate the availability of legal cannabis retail outlets. Authored by State Rep. Zack Stephenson (DFL), the bill seeks to <a href="https://www.benzinga.com/markets/cannabis/24/02/37019579/minnesota-prepares-for-launch-of-its-legal-cannabis-market-with-pre-licensing-property-reforms" target="_blank" rel="noreferrer noopener">expedite the establishment of a regulated cannabis marketplace</a> to supplant the existing illicit trade. Passed with a 69-62 vote, the measure now awaits Senate deliberation.
<h3 class="wp-block-heading">A Prelude To Pre-Approval And Regulatory Adaptations</h3>
The legislation, <a href="https://www.house.mn.gov/bills/Info/HF4757/93/2023/0" target="_blank" rel="noreferrer noopener">HF4757</a>, introduces a framework for pre-approving <a href="https://www.benzinga.com/topic/cannabis-sales" target="_blank" rel="noreferrer noopener">cannabis retail</a> licenses as early as this summer, setting the stage for applicants to secure funding and premises in anticipation of market launch. Stephenson&#8217;s initiative responds to the <a href="https://www.benzinga.com/markets/cannabis/23/01/30560286/recreational-cannabis-legalization-included-in-mn-governor-walzs-2023-budget-proposal" target="_blank" rel="noreferrer noopener">2023 legal milestone</a> permitting adult cannabis use and cultivation, yet retail sales remained on hold pending regulatory groundwork.
"There are a number of provisions in this bill designed to expedite the process of setting up a good, legitimate marketplace for cannabis to displace that illicit marketplace that's out there," said Stephenson <a href="https://www.house.mn.gov/sessiondaily/Story/18324" target="_blank" rel="noreferrer noopener">according</a> to Minnesota's Legislature Session Daily.
The proposal aims to streamline the path to retail operations and revise oversight responsibilities, transferring enforcement duties for <a href="https://www.benzinga.com/markets/cannabis/23/12/36142004/cbds-critical-moment-coalition-pushes-for-fda-oversight">hemp-derived</a> and medicinal products from the Department of Health to the Office of Cannabis Management (OCM).
Read also: <a href="https://www.benzinga.com/markets/cannabis/24/03/37546590/city-owned-cannabis-dispensaries-minnesota-says-yes-may-soon-open-first-government-run-weed-shop" target="_blank" rel="noreferrer noopener">City-Owned Cannabis Dispensaries? Minnesota Says Yes &amp; May Soon Open First Government-Run Weed Shop</a>
<h3 class="wp-block-heading">The Lottery System Debate</h3>
A notable contention surrounds the bill&#8217;s lottery system for license allocation, diverging from a purely merit-based approach to accommodate a broader applicant pool, including social equity candidates. Critics, primarily from the Republican side of the aisle, argue that the system might inadvertently favor large, out-of-state entities at the expense of local, minority-owned businesses, <a href="https://www.mprnews.org/story/2024/04/18/minnesota-house-approves-bill-that-attempts-to-speed-up-legal-cannabis-marketplace-roll-out" target="_blank" rel="noreferrer noopener">noted</a> MPR News.
Despite these concerns, the House incorporated amendments addressing minors&#8217; cannabis access, data privacy, and operational timelines for licensees.
<h3 class="wp-block-heading">Crackdown On Illicit Sales</h3>
Concurrently, Minnesota&#8217;s regulatory bodies are tightening enforcement against the <a href="https://www.benzinga.com/markets/cannabis/24/03/37656713/minnesota-regulators-crack-down-on-sale-of-cannabis-flower-being-sold-as-hemp-violators-face-1m-" target="_blank" rel="noreferrer noopener">illicit sale of cannabis flowers under the guise of hemp</a>, a move signaling the state&#8217;s commitment to a legally compliant cannabis industry. With hefty penalties for non-compliance, this crackdown also underscores the challenges of transitioning to a fully legal market.
<h3 class="wp-block-heading">A Market In Development</h3>
Furthermore, amid this regulatory push, the OCM&#8217;s projection <a href="https://www.benzinga.com/markets/cannabis/24/01/36694503/minnesota-cannabis-regulators-say-nearly-400-weed-shops-will-open-amid-crackdown-on-illicit-sale" target="_blank" rel="noreferrer noopener">suggests a need for at least 381 dispensaries</a> to adequately serve residents. With the Senate&#8217;s review pending and the OCM&#8217;s licensing system in development, stakeholders await the next steps toward legalization and market maturity.

Cannabis

Government

Regulations

Cannabis Retail In Minnesota: House Passes Bill To Accelerate Marketplace, Aiming For Early Rollout

Morgan Stanley analyst Josh Baer maintains Udemy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UDMY#NASDAQ">UDMY</a>) with a Equal-Weight and lowers the price target from $15 to $13.

Price Target

Analyst Ratings

UDMY

Morgan Stanley Maintains Equal-Weight on Udemy, Lowers Price Target to $13

Scotiabank analyst Jonathan Goldman reinstates Adentra (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ADEN#TSX">ADEN</a>) with a Sector Outperform and announces C$51 price target.

Initiation

TSX:ADEN

Scotiabank Reinstates Sector Outperform on Adentra, Announces C$51 Price Target

Morgan Stanley analyst Josh Baer maintains Instructure Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INST#NYSE">INST</a>) with a Overweight and lowers the price target from $31 to $28.

INST

Morgan Stanley Maintains Overweight on Instructure Hldgs, Lowers Price Target to $28

Morgan Stanley analyst Josh Baer maintains Coursera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) with a Overweight and lowers the price target from $25 to $21.

COUR

Morgan Stanley Maintains Overweight on Coursera, Lowers Price Target to $21

RBC Capital analyst Arun Viswanathan maintains Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) with a Outperform and raises the price target from $64 to $69.

RBC Capital Maintains Outperform on Olin, Raises Price Target to $69

Morgan Stanley analyst Josh Baer maintains Docebo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCBO#NASDAQ">DCBO</a>) with a Overweight and lowers the price target from $67 to $65.

DCBO

Morgan Stanley Maintains Overweight on Docebo, Lowers Price Target to $65

General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) and Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) will report their first quarter results next week. They both need to answer how they intend to grow their profits amid the EV slowdown to which even the EV king, Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), isn&rsquo;t immune. Tesla warned of slower growth this year. With the EV sales slump, Tesla shares tumbled as much as 39% year to date. Along with growing competition in China, Tesla has also found itself in the mud, let alone legacy automakers struggling to make their biggest ever transformation for the all-electric era that is still coming, just not as fast.&nbsp;
<h3>GM</h3>
GM is yet to outline its strategy for restructuring its business in China.&nbsp;Last year, GM delivered&nbsp;2.1 million vehicles&nbsp;in the world&rsquo;s greatest EV market. Besides the restructuring, GM also needs to address its struggling Cruise Robotaxi division. But when it comes to seeing consistent profitability, GM&nbsp;is expected to report&nbsp;strong sales of its Chevrolet and GMC trucks, along with&nbsp;SUVs.
<h3>Ford&nbsp;</h3>
Ford,is getting its&nbsp;power from combustion trucks, along with its&nbsp;Ford Pro commercial vehicles.&nbsp;Ford did affirm its core profit guidance for the year to be in the range between&nbsp;$10 billion&nbsp;and&nbsp;$12 billion.&nbsp;
Last year, Ford&nbsp;lost nearly $4.7 billion&nbsp;EVs. This year, it forecasted the loss of $5 billion. In February, it clearly stated that it will launch the next generation&nbsp;of EVs only a time&nbsp;when they can be profitable.&nbsp;Earlier in April, Ford announced it intends to slow down its major EV programs. Ford has been forced to reconsider to&nbsp;launches of three-row EVs in Canada and its next-generation electric pickup truck built in Tennessee. In a separate announcement, Ford&nbsp;announced it will delay the&nbsp;deliveries of&nbsp;its&nbsp;all-new EV truck it will build at a new plant in western Tennessee until 2026. Last year, it planned to kick off production in late 2025, aiming for an annual output of&nbsp;500,000 electric trucks. But after reconsidering, it decided to build the output gradually.&nbsp;Meanwhile, Ford continues to boost its hybrid offerings.&nbsp;
Ford and GM are running back to gas-powered trucks.
One thing that is clear is that both Ford and GM are getting power from their combustion trucks at the moment, but the EV era is still coming.&nbsp;GM and Ford are due to provide more details on the tweaking of their strategies as they&nbsp;report their results on Tuesday and Wednesday, respectively.&nbsp;
DISCLAIMER:&nbsp;This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

TSLA

General Motors And Ford Are Facing The Same Challenge As They Run Back To Gas-Powered Trucks

RBC Capital analyst Arun Viswanathan maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Sector Perform and raises the price target from $134 to $153.

RBC Capital Maintains Sector Perform on Westlake, Raises Price Target to $153

Keefe, Bruyette &amp; Woods analyst Brady Gailey downgrades Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) from Outperform to Market Perform and lowers the price target from $46 to $38.

Downgrades

Keefe, Bruyette & Woods Downgrades Synovus Finl to Market Perform, Lowers Price Target to $38

RMG Acquisition Corp. III (the "Company") issued a press release on April 8, 2024 (the "Prior Announcement") announcing that the Company would not consummate an initial business combination by the date required by its Fourth Amended and Restated Memorandum and Articles of Association (the "Termination Date"), and that (i) the Company intended to dissolve and liquidate, effective as of the close of business on April 22, 2024, (ii) that the Company would redeem all of the outstanding Class A ordinary shares that were included in the units sold in its initial public offering, at a per-share redemption price of approximately $10.00 (the "Redemption") and (iii) the Company's securities would be delisted from Nasdaq.
However, notwithstanding anything contained in the Prior Announcement, the board of directors of the Company has subsequently determined that it is in the best interests of the Company and its shareholders to (i) continue its pursuit of an initial business combination (and not liquidate the Company's trust account or consummate the Redemption at this time), and (ii) prepare and file a proxy statement seeking shareholder approval to extend the Termination Date. In addition, the Company is in the process of appealing the previously-reported delisting determination and the Company expects its securities will remain listed on The Nasdaq Capital Market during the appeals process.
No action is required by existing shareholders of the Company at this time.

RMGC

RMG Acquisition Corp. III Announces Cancellation Of Dissolution; Co Would Redeem All Of The Outstanding Class A Shares That Were Included In The Units Sold In Its IPO, At A Per-Share Redemption Price Of ~$10 And The Co's Securities Would Be Delisted From Nasdaq

WIIM

BANF

BancFirst shares are trading higher after the company reported better-than-expected Q1 financial results.

Evercore ISI Group analyst Mark Mahaney maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Outperform and raises the price target from $640 to $650.

NFLX

Evercore ISI Group Maintains Outperform on Netflix, Raises Price Target to $650

<ul>
<li>The US Dollar Index experienced a drop of 0.33% on Wednesday, following Israeli strikes.</li>
<li>The dollar has shown a significant recovery this year with a 4.8% increase.</li>
<li>The USD/JPY pair surpassed its 2023 high, achieving a 2% increase in April.</li>
</ul>
On Wednesday, the US Dollar Index (DXY) relinquished its early gains, declining 0.33%, amid a flurry of volatility, triggered by news of Israeli strikes on Iranian facilities.
This serves as a vivid reminder of the dollar&#39;s vulnerability to geopolitical unrest and shifts in investor sentiment. As tensions in the Middle East appeared to dial down slightly, the dollar&#39;s ascent appears to be continuing for now.
The dollar&#39;s ascent this year, a solid 4.8% move, signals a comeback from its previous slump, shedding light on the currency&#39;s resilience.
The dollar saw a decline of 6.2% between October and December 2023 and now finds itself in a steady range, oscillating between $99 and $107 since December 2022.
The resistance at $107 is close above and could prove a challenge, preventing the dollar from breaking through. If this level is exceeded, targets like the $114 peak from September 2022 could be within reach.
<img alt="2024-04-19_18-03-50.jpg" src="https://www.benzinga.com/files/u517520/2024-04-19_18-03-50.jpg" style="height:345px; width:624px" />
The dynamic between the US Dollar and the Japanese Yen adds another layer to this narrative. April saw the USDJPY pair break above its 2023 high, climbing by 2% for the month to 151.94.
This move, 18 months in the making, could result in a long-term bullish trend unfolding.
After the closing bell on Thursday, April 18, the currency closed at $105.98, trading up by 0.19%.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Technicals

Forex

The Dollar's Rise And Yen's Fall Could Create Opportunities For Investors To Capitilize

RBC Capital analyst Keith Mackey maintains Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) with a Outperform and raises the price target from $25 to $27.

LBRT

RBC Capital Maintains Outperform on Liberty Energy, Raises Price Target to $27

TotalEnergies SE&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Friday</a>.
The company announced a strategic partnership with OK Petroleum,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38334958/totalenergies-marketing-usa-and-ok-petroleum-announce-strategic-partnership-to-bring-high-performa" rel="noreferrer noopener">a&nbsp;distributor in&nbsp;Long Island, NY.</a>
This collaboration will bring TotalEnergies&#8217; product portfolio to a&nbsp;wider&nbsp;audience across the region, the company said in a press release.
Through this partnership, OK Petroleum will offer&nbsp;a variety of&nbsp;TotalEnergies products, including QUARTZ Engine Oils, RUBIA Heavy-Duty Engine Oils, and Nevastane Food Grade Lubricants.
&#8220;This partnership will allow us to expand our reach on&nbsp;Long Island&nbsp;and provide local businesses with access to our industry-leading lubricants and specialty fluids,&#8221;&nbsp;said&nbsp;Franck Bagouet, President of TotalEnergies Marketing&nbsp;USA.&nbsp;
Earlier this month, the company disclosed the acquisition of the 20% stake held by Lewis Energy Group in the Dorado leases operated by&nbsp;EOG Resources, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>).
This move&nbsp;is expected&nbsp;to increase TotalEnergies' natural gas production capacity in Texas and further strengthen its business integration in the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38138588/totalenergies-eyes-growth-with-texas-project-but-cites-papua-lng-delay" rel="noreferrer noopener">U.S.&nbsp;liquefied natural gas (LNG) value chain.</a>
On April 3, the company launched a&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38066206/totalenergies-charges-up-belgiums-battery-storage-capacity-with-a-new-project" rel="noreferrer noopener">New Battery Storage Project in&nbsp;Belgium.</a>
The new project will&nbsp;be developed&nbsp;on the company's depot site in Feluy, with a power rating of 25&nbsp;MW&nbsp;and capacity of 75 MWh.
The company expects&nbsp;the start-up&nbsp;at the end of 2025.&nbsp;This project is similar to another&nbsp;project of the company&nbsp;in Belgium, and these two projects represent a global investment of around €70 million.
Price Action:&nbsp;TTE shares are trading higher by 1.27% to $71.73 on&nbsp;the last check Friday.

Equities

What's Going On With TotalEnergies Shares Friday?

Deutsche Bank analyst Corinne Blanchard maintains Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) with a Hold and lowers the price target from $48 to $42.

Deutsche Bank Maintains Hold on Sociedad Quimica Y Minera, Lowers Price Target to $42

Macro Economic Events

Econ #s

Economics

U.S. Baker Hughes Oil Rig Count +5 To 511; U.S. Baker Hughes Gas Rig Count -3 To 106; U.S. Baker Hughes Total Rig Count 619 Vs 617 Prior

RBC Capital analyst Gerard Cassidy maintains KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) with a Outperform and raises the price target from $15 to $16.

RBC Capital Maintains Outperform on KeyCorp, Raises Price Target to $16

Craig-Hallum analyst Jeff Van Rhee maintains Edgio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) with a Hold and lowers the price target from $30 to $10.

EGIO

Craig-Hallum Maintains Hold on Edgio, Lowers Price Target to $10

ASR Nederland

Morgan Stanley

Deutsche Bank

Morgan Stanley Downgrades ASR Nederland to Equal-Weight

Upgrades

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Benzinga's Top Ratings Upgrades, Downgrades For July 20, 2021

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Latest News for ASR Nederland Stock (OTC:ASRRF)

Wednesday, July 21, 2021

Tuesday, July 20, 2021

Tuesday, December 10, 2019