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Loar Holdings

Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).

Loar Holdings Inc

Maxim Group analyst Michael Diana maintains FlexShopper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FPAY#NASDAQ">FPAY</a>) with a Buy and raises the price target from $2 to $4.

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Maxim Group Maintains Buy on FlexShopper, Raises Price Target to $4

DA Davidson analyst Michael Baker maintains Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) with a Neutral and maintains $45 price target.

DA Davidson Maintains Neutral on Advance Auto Parts, Maintains $45 Price Target

This article was originally published on <a href="https://cannabis.net/blog/news/no-spliff-for-you-rescheduling-cannabis-could-allow-for-hemp-tobacco-cigarettes-but-not-weed-an">Cannabis.net</a> and appears here with permission.
Marijuana rescheduling could permit CBD from hemp in tobacco, but not weed!
A recent report from the Congressional Research Service (CRS) has ignited discussions about the potential for incorporating hemp-<a href="https://cannabis.net/blog/medical/study-says-cbd-could-be-your-way-out-of-a-tobacco-addiction">derived cannabidiol (CBD) into tobacco products</a>, contingent upon the anticipated rescheduling of marijuana. As public perceptions of cannabis evolve and regulatory frameworks shift, this development could have profound implications for both the cannabis and tobacco industries, as well as for public health initiatives aimed at reducing smoking-related harm.
<h3>Understanding&nbsp;The Context Of Marijuana Rescheduling</h3>
Historically, marijuana has been classified as a Schedule I substance under the Controlled Substances Act (CSA), indicating that it is viewed as having no accepted medical use and a high potential for abuse. However, with growing evidence supporting the medicinal benefits of cannabis and changing public perceptions, there has been increasing momentum toward rescheduling marijuana. In August 2023, the Department of Health and Human Services (HHS) recommended that marijuana be reclassified to Schedule III, which would acknowledge its medical applications and significantly alter the regulatory landscape surrounding cannabis.
<h3>Implications Of Rescheduling</h3>
If marijuana is rescheduled to Schedule III, it would not only ease restrictions on research and development but also open new avenues for product innovation. According to the CRS report, while marijuana itself would still be prohibited in food, dietary supplements, or cosmetics,&nbsp;<a href="https://cannabis.net/blog/smoke/are-cbd-cigarettes-the-middle-ground-between-cannabis-and-tobacco">hemp-derived CBD could be used as an additive in tobacco</a>&nbsp;products without violating federal law. This distinction is crucial because it allows manufacturers to explore new formulations that combine the non-psychoactive properties of&nbsp;<a href="https://cannabis.net/blog/smoke/what-is-the-difference-between-a-spliff-a-joint-and-a-blunt-cannabis-101">CBD with traditional tobacco.</a>
<h3>The Rise Of CBD&nbsp;And Its Potential Benefits</h3>
CBD, or cannabidiol, is one of over 100 cannabinoids found in the cannabis plant. Unlike&nbsp;<a href="https://cannabis.net/blog/medical/what-is-thc-exactly-now-that-you-know-all-about-cbd">THC (tetrahydrocannabinol)</a>, which is responsible for the psychoactive effects commonly associated with marijuana, CBD does not produce a high. Instead, it has gained immense popularity due to its purported health benefits, including anxiety reduction, pain relief, anti-inflammatory properties, and potential neuroprotective effects.
As consumers become more health-conscious and seek alternatives to traditional pharmaceuticals, CBD has emerged as a viable option for many individuals looking to manage various health conditions. Its non-psychoactive nature makes it particularly appealing to those who wish to avoid the intoxicating effects of THC while still benefiting from the therapeutic properties of cannabis.
<h3>Potential Health Benefits Of CBD In Tobacco Products</h3>
<ul>
<li>Reduction in Cravings:&nbsp;By potentially inhibiting nicotine metabolism, CBD may help reduce cravings among smokers trying to quit or cut back on their tobacco use.</li>
</ul>
<ul>
<li>Anxiety Relief:&nbsp;Many smokers use cigarettes as a way to cope with stress or anxiety. Incorporating CBD into tobacco products could provide an alternative method for managing these feelings without resorting solely to nicotine.</li>
</ul>
<ul>
<li>Anti-inflammatory Properties: Research suggests that CBD may have anti-inflammatory effects that could counteract some of&nbsp;the harmful consequences of smoking.</li>
</ul>
<ul>
<li>Harm Reduction: The addition of CBD may make tobacco products less harmful by providing therapeutic benefits that could&nbsp;offset some negative health impacts associated with nicotine consumption.</li>
</ul>
Regulatory Considerations
Despite these promising developments, any products containing CBD would still require marketing authorization from the Food and Drug Administration (FDA) before they can be legally sold. The FDA&rsquo;s role in regulating hemp-derived products is crucial to ensuring consumer safety and product efficacy.
<h3>Public Health Implications</h3>
The potential introduction of CBD into tobacco products raises important public health considerations. While incorporating CBD may reduce some harmful effects associated with traditional smoking, it is crucial to assess whether this combination could inadvertently encourage smoking behavior among new users or young people.
Public health advocates will need to monitor these developments closely to ensure that any new products do not undermine efforts to reduce smoking rates or promote healthier alternatives. Additionally, ongoing research will be necessary to evaluate the long-term effects of using CBD in conjunction with nicotine.
<h3>Current Regulatory Landscape</h3>
As it stands, hemp-derived CBD is legal at the federal level due to the 2018 Farm Bill, which legalized hemp cultivation and removed hemp-derived products containing&nbsp;<a href="https://cannabis.net/blog/opinion/under-0.3-thc-by-net-weight-the-greatest-loophole-in-drug-law-history">less than 0.3% THC from Schedule I classification</a>. However, this legalization does not automatically grant approval for all hemp-derived products; they must still comply with FDA regulations regarding safety and labeling.
The FDA has expressed concerns ove&rdquo; unregulated CBD products flooding the market without proper testing or oversight. As such, manufacturers seeking to incorporate CBD into tobacco products will need to navigate a complex regulatory landscape while ensuring compliance with all applicable laws.
<h3>Potential Challenges Ahead</h3>
While the prospect of combining CBD with tobacco presents exciting opportunities, several challenges remain:
<ol>
<li>
Regulatory Hurdles: The FDA&rsquo;s approval process can be lengthy and complex. Manufacturers will need to demonstrate that their products meet safety standards and provide adequate labeling information.
</li>
<li>
Consumer Education: As CBD-infused tobacco products enter the market, educating consumers about their benefits and potential risks will be essential. Misunderstandings about CBD may lead to skepticism or misuse.
</li>
<li>
Market Competition: The tobacco industry is highly competitive; introducing new products requires significant investment in marketing and distribution channels.
</li>
<li>
Quality Control: Ensuring consistent quality across different batches of CBD-infused tobacco products will be critical for maintaining consumer trust and safety.
</li>
<li>
Public Health Concerns: While integrating CBD into tobacco may offer some benefits, there are concerns that it could inadvertently encourage smoking behavior among new users or young people who might view these products as safer alternatives.
</li>
</ol>
<h3>Conclusion</h3>
The report from the Congressional Research Service highlights a significant shift in how we might view the intersection between cannabis and tobacco industries if marijuana is rescheduled from Schedule I status under federal law. Such changes could pave pathways toward innovative product development incorporating hemp-derived ingredients like cannabidiol (CBD) within traditional smoking contexts&mdash;ultimately reshaping consumer choices while addressing pressing public health concerns related directly tied back towards smoking-related harms.
As stakeholders navigate this evolving landscape&mdash;collaboration between regulators researchers manufacturers&mdash;and public health officials will prove vital moving forward towards creating safe effective options available across diverse populations seeking healthier alternatives amidst ongoing challenges presented by both industries&rsquo; histories intertwined within broader societal contexts surrounding drug policy reform overall! By prioritizing safety efficacy through rigorous research transparent communication consumers, this new frontier product development holds promise leading healthier lifestyles across America&rsquo;s diverse population seeking better choices today.
This article is from an external unpaid contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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Rescheduling Cannabis Could Allow For Hemp Tobacco Cigarettes, But Not Weed And Tobacco Mixtures: No Spliff For You!

<a href="https://www.reuters.com/markets/commodities/china-cut-or-cancel-export-tax-rebates-products-including-aluminium-copper-2024-11-15/">https://www.reuters.com/markets/commodities/china-cut-or-cancel-export-tax-rebates-products-including-aluminium-copper-2024-11-15/</a>
&nbsp;
China's finance ministry said on Friday it would reduce or cancel export tax rebates for a wide range of commodities and other products, effective Dec. 1.
The country will reduce the export tax rebate rate for some refined oil products, photovoltaics, batteries, and certain non-metallic mineral products from 13% to 9%.
It will also cancel the rebate for aluminum and copper products and chemically modified animal, plant, or microbial oils and fats.
The announcement triggered a jump in aluminium prices on the London Metal Exchange as traders anticipated it may curb a heavy flow of Chinese aluminium abroad.
The news also contributed to a sharp rise in U.S. soyoil prices as it appeared Chinese used cooking oil would be covered by the changes.
Chinese shipments of used cooking oil to the <a href="https://www.reuters.com/markets/commodities/trump-trade-policy-seen-wild-card-us-soybean-farmers-opportunity-crushers-2024-11-13/">United States</a> and Europe for use in biofuel have challenged locally produced feedstocks like soyoil.
China's used cooking oil exports typically fall under the customs category of chemically modified animal, plant, or microbial oils and fats category, for which export rebates will be scrapped.

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Reported Earlier, 'China To Cut Or Cancel Export Tax Rebates For Products Including Aluminum' - Reuters News

RBC Capital analyst Keith Mackey maintains Helmerich &amp; Payne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) with a Sector Perform and lowers the price target from $44 to $41.

RBC Capital Maintains Sector Perform on Helmerich & Payne, Lowers Price Target to $41

<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41819799/polymarket-ceo-on-election-night-it-looked-like-a-done-deal-on-platform-but-just-watching-">Polymarket predictions reveal</a> significant doubt over whether Matt Gaetz will be confirmed as Attorney General in a Trump administration, with current betting odds showing only a 28% chance of approval.
What Happened: The chances of confirmation have been oscillating between 25% and 30%, according to Polymarket <a href="https://polymarket.com/event/matt-gaetz-confirmed-as-attorney-general?tid=1731671553083">traders</a>.
The unconventional nomination has sparked widespread commentary, with former Speaker Kevin McCarthy (R-Calif.) casting <a href="https://www.benzinga.com/24/11/41997181/kevin-mccarthy-says-matt-gaetz-wont-get-confirmed-by-the-senate-and-everybody-knows-that">doubts on Gaetz's chances. </a>
McCarthy, a long-time Trump ally, remarked in an interview with Bloomberg that "Gaetz won't get confirmed. Everybody knows that," suggesting that Gaetz lacks strong support among Senate Republicans due to his divisive history within the party. 
McCarthy's own relationship with Gaetz has been tumultuous, particularly after Gaetz led the charge to oust him as speaker of the House 
Gaetz, known for his libertarian views and advocacy for cryptocurrency, has introduced radical proposals, including a bill to allow federal <a href="https://www.benzinga.com/news/legal/24/11/41956594/matt-gaetz-is-trumps-attorney-general-pick-would-be-top-cop-is-under-house-ethics-investigation">income taxes to be paid in Bitcoin</a>.
His potential nomination as Attorney General is part of Trump's promise to overhaul the Justice Department and address what he calls the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41964758/trumps-attorney-general-pick-matt-gaetz-once-proposed-collecting-federal-income-taxes-in-bitcoin-apart-from-co-sponsoring-bill-to-abolish-the-fed">"weaponization" of government institutions</a>.
Trump publicly praised Gaetz on his Truth Social account, stating, "Matt will end Weaponized Government, Protect our Borders, dismantle Criminal Organizations, and restore Americans' badly-shattered Faith and Confidence in the Justice Department."
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42011875/solana-ripple-litecoin-etfs-may-be-on-the-table-under-trump-administration-industry-experts-think">Solana, Ripple, Litecoin ETFs May Be On The Table Under Trump Administration, Industry Experts Say</a>
Gaetz's path to confirmation is complicated by ongoing controversies. The House Ethics Committee is investigating him for allegations of sexual misconduct, drug use, and other claims, though Gaetz has consistently denied any wrongdoing.
The Department of Justice previously investigated him for sex trafficking but decided against pressing charges last year. 
For many Senate Republicans, these unresolved issues could prove insurmountable during the confirmation process .
Adding to his profile, Gaetz has also pushed for legislation to dismantle the Federal Reserve and legalize marijuana. 
His pro-crypto stance aligns with Trump's campaign promise to make the U.S. the "Bitcoin superpower of the world," a stance that has fueled excitement within the crypto community. 
What&#8217;s Next: Gaetz's involvement in crypto and his support for innovative financial policies make his nomination particularly relevant as investors await Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42011697/bitcoin-hacker-sentenced-to-5-years-for-laundering-billions-in-crypto-theft">Bitcoin Hacker Sentenced To 5 Years For Laundering Billions In Crypto Theft</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

Matt Gaetz To Be Confirmed As Attorney General In A Trump Administration? Not So Fast, Polymarket Traders Say

WIIM

Alcoa shares are trading higher amid strength in aluminum after China reportedly indicated it would reduce export tax rebates on a range of commodities.

Maxim Group analyst Allen Klee maintains Roadzen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDZN#NASDAQ">RDZN</a>) with a Buy and lowers the price target from $7 to $4.

RDZN

Maxim Group Maintains Buy on Roadzen, Lowers Price Target to $4

Live On CNBC, Jenny Harrington Announces Trimmed American Express Company

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$320.00</td>
<td>$127.0K</td>
<td>1.3K</td>
<td>4.1K</td>
</tr>
<tr>
<td>RITM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$10.00</td>
<td>$75.2K</td>
<td>4.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>STNE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$5.00</td>
<td>$285.4K</td>
<td>26</td>
<td>1.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$43.00</td>
<td>$120.0K</td>
<td>1.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$63.1K</td>
<td>48.3K</td>
<td>722</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$86.00</td>
<td>$42.0K</td>
<td>3.4K</td>
<td>602</td>
</tr>
<tr>
<td>PGR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$255.00</td>
<td>$77.5K</td>
<td>14</td>
<td>260</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$100.00</td>
<td>$25.0K</td>
<td>501</td>
<td>200</td>
</tr>
<tr>
<td>PRU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$125.00</td>
<td>$134.6K</td>
<td>330</td>
<td>163</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$45.00</td>
<td>$25.9K</td>
<td>189</td>
<td>130</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on November 22, 2024. This event was a transfer of 200 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $127.0K, with a price of $635.0 per contract. There were 1321 open contracts at this strike prior to today, and today 4120 contract(s) were bought and sold. 
• For RITM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RITM#NYSE">RITM</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 1003 contract(s) at a $10.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $75.2K, with a price of $75.0 per contract. There were 4589 open contracts at this strike prior to today, and today 1515 contract(s) were bought and sold. 
• Regarding STNE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>), we observe a call option trade with bullish sentiment. It expires in 791 day(s) on January 15, 2027. Parties traded 499 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $285.4K, with a price of $572.0 per contract. There were 26 open contracts at this strike prior to today, and today 1513 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option trade that happens to be neutral, expiring in 126 day(s) on March 21, 2025. This event was a transfer of 1000 contract(s) at a $43.00 strike. The total cost received by the writing party (or parties) was $120.0K, with a price of $120.0 per contract. There were 1124 open contracts at this strike prior to today, and today 1003 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option trade that happens to be bullish, expiring in 63 day(s) on January 17, 2025. This event was a transfer of 112 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $63.1K, with a price of $564.0 per contract. There were 48320 open contracts at this strike prior to today, and today 722 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on November 22, 2024. Parties traded 300 contract(s) at a $86.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $42.0K, with a price of $140.0 per contract. There were 3456 open contracts at this strike prior to today, and today 602 contract(s) were bought and sold. 
• Regarding PGR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), we observe a put option sweep with bearish sentiment. It expires in 63 day(s) on January 17, 2025. Parties traded 76 contract(s) at a $255.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $77.5K, with a price of $1020.0 per contract. There were 14 open contracts at this strike prior to today, and today 260 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bearish, expiring in 791 day(s) on January 15, 2027. This event was a transfer of 50 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $500.0 per contract. There were 501 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For PRU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), we notice a put option sweep that happens to be bearish, expiring in 217 day(s) on June 20, 2025. This event was a transfer of 162 contract(s) at a $125.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $134.6K, with a price of $834.0 per contract. There were 330 open contracts at this strike prior to today, and today 163 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option trade with bearish sentiment. It expires in 217 day(s) on June 20, 2025. Parties traded 100 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $25.9K, with a price of $259.0 per contract. There were 189 open contracts at this strike prior to today, and today 130 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

HOOD

PYPL

RITM

STNE

10 Financials Stocks Whale Activity In Today's Session

Amazon.com Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) much-anticipated live-action Tomb Raider TV series appears close to <a href="https://www.benzinga.com/general/entertainment">landing its lead. </a>
<a href="https://deadline.com/2024/11/sophie-turner-lara-croft-tomb-raider-phoebe-waller-bridge-amazon-1236173978/">According</a> to Deadline, Sophie Turner — best known for her role as Sansa Stark in &#8220;Game of Thrones&#8221; — is reportedly in negotiations to take on <a href="https://www.benzinga.com/general/entertainment/24/04/38096633/this-is-the-most-iconic-character-in-gaming-surpassing-mario-hitman-sonic-says-bafta-gaming">the iconic role of Lara Croft</a>, the adventurous archaeologist who has been a staple of pop culture since the original Tomb Raider game launched in 1996.
This live-action series, separate from Netflix Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) animated adaptation, was first announced in January 2023. It boasts <a href="https://www.benzinga.com/general/entertainment/24/05/38854134/amazon-confirms-live-action-tomb-raider-series-by-fleabags-phoebe-waller-bridge-i-think-my-">Phoebe Waller-Bridge (Fleabag, Killing Eve) as its writer</a>, with Amazon officially confirming her involvement in May. Beyond that, details have been scarce.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/11/41952433/hbo-reveals-release-window-for-the-last-of-us-season-2">HBO Reveals Release Window For The Last Of Us Season 2</a>
<h3 class="wp-block-heading">A Fresh Take On Lara Croft</h3>
Casting Lara Croft comes with high expectations. Angelina Jolie first brought the character to life on the big screen in the early 2000s, delivering a larger-than-life portrayal that set the tone for future adaptations. Alicia Vikander later brought a grittier and more grounded interpretation of Lara in the 2018 reboot.
With Turner reportedly in the final stages of negotiations, fans are eager to see what she can bring to the role. Known for her layered portrayal of Sansa Stark, Turner has proven her ability to balance vulnerability and strength—qualities central to <a href="https://www.benzinga.com/general/entertainment/24/04/38096633/this-is-the-most-iconic-character-in-gaming-surpassing-mario-hitman-sonic-says-bafta-gaming">the character of Lara Croft.</a>
Earlier reports suggested Turner was competing with Lucy Boynton (Bohemian Rhapsody) for the role, but this latest update points to Turner emerging as Amazon's choice.
<h3 class="wp-block-heading">Expanding The Tomb Raider Universe</h3>
Amazon has ambitious plans for the Tomb Raider franchise. Alongside the TV series, the company will also publish the next Tomb Raider video game developed by Square Enix Holdings Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SQNXF#OTC">SQNXF</a>) Crystal Dynamics. Additionally, a new film adaptation is reportedly in the works, signaling a coordinated effort to revitalize the franchise across multiple media platforms.
For fans of classic Tomb Raider games, there's even more to celebrate. Embracer Group&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/THQQF#OTC">THQQF</a>) Aspyr Media recently announced a remastered collection of Tomb Raider IV-VI, set to release in 2024. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/11/41996022/embracers-earnings-struggle-as-game-delays-restructuring-weigh-on-results">Embracer&#8217;s Earnings Struggle As Game Delays, Restructuring Weigh On Results</a></li>
</ul>
Image created using photos from Shutterstock.

Entertainment

Gaming

AMZN

NFLX

SQNXF

THQQF

Sophie Turner Set To Star As Lara Croft In Amazon's Tomb Raider TV Series: Report

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$320.00</td>
<td>$33.5K</td>
<td>16.5K</td>
<td>60.1K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$210.00</td>
<td>$25.1K</td>
<td>11.6K</td>
<td>3.3K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$255.00</td>
<td>$88.0K</td>
<td>77</td>
<td>3.3K</td>
</tr>
<tr>
<td>LVS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$48.50</td>
<td>$29.0K</td>
<td>1.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BIRK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$45.00</td>
<td>$240.0K</td>
<td>4.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$130.00</td>
<td>$40.8K</td>
<td>1.2K</td>
<td>946</td>
</tr>
<tr>
<td>ABNB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$135.00</td>
<td>$45.7K</td>
<td>1.8K</td>
<td>287</td>
</tr>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$140.00</td>
<td>$30.0K</td>
<td>1.0K</td>
<td>182</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$52.50</td>
<td>$28.2K</td>
<td>2.9K</td>
<td>154</td>
</tr>
<tr>
<td>DPZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$460.00</td>
<td>$48.0K</td>
<td>46</td>
<td>126</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option trade that happens to be neutral, is expiring today. Parties traded 100 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $33.5K, with a price of $335.0 per contract. There were 16570 open contracts at this strike prior to today, and today 60112 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option trade with bullish sentiment. It expires in 35 day(s) on December 20, 2024. Parties traded 25 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $25.1K, with a price of $1007.0 per contract. There were 11655 open contracts at this strike prior to today, and today 3337 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a call option trade that happens to be bullish, expiring in 21 day(s) on December 6, 2024. This event was a transfer of 200 contract(s) at a $255.00 strike. The total cost received by the writing party (or parties) was $88.0K, with a price of $440.0 per contract. There were 77 open contracts at this strike prior to today, and today 3301 contract(s) were bought and sold. 
• For LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we notice a put option trade that happens to be bullish, is expiring today. Parties traded 1000 contract(s) at a $48.50 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $29.0 per contract. There were 1083 open contracts at this strike prior to today, and today 1007 contract(s) were bought and sold. 
• For BIRK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>), we notice a put option trade that happens to be bullish, expiring in 35 day(s) on December 20, 2024. This event was a transfer of 1000 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $240.0K, with a price of $240.0 per contract. There were 4512 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on November 29, 2024. This event was a transfer of 300 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $40.8K, with a price of $136.0 per contract. There were 1283 open contracts at this strike prior to today, and today 946 contract(s) were bought and sold. 
• For ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we notice a call option sweep that happens to be bullish, expiring in 35 day(s) on December 20, 2024. This event was a transfer of 127 contract(s) at a $135.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.7K, with a price of $360.0 per contract. There were 1891 open contracts at this strike prior to today, and today 287 contract(s) were bought and sold. 
• Regarding CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we observe a call option trade with bullish sentiment. It expires in 63 day(s) on January 17, 2025. Parties traded 25 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $1200.0 per contract. There were 1096 open contracts at this strike prior to today, and today 182 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a put option trade with bullish sentiment. It expires in 126 day(s) on March 21, 2025. Parties traded 123 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $230.0 per contract. There were 2943 open contracts at this strike prior to today, and today 154 contract(s) were bought and sold. 
• For DPZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>), we notice a call option trade that happens to be bullish, expiring in 21 day(s) on December 6, 2024. This event was a transfer of 100 contract(s) at a $460.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $480.0 per contract. There were 46 open contracts at this strike prior to today, and today 126 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABNB

BIRK

CAVA

CVNA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$142.00</td>
<td>$144.1K</td>
<td>25.4K</td>
<td>105.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$64.00</td>
<td>$30.4K</td>
<td>496</td>
<td>30.3K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$37.00</td>
<td>$55.2K</td>
<td>86.9K</td>
<td>2.3K</td>
</tr>
<tr>
<td>ZETA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$25.0K</td>
<td>2.4K</td>
<td>2.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$400.00</td>
<td>$61.6K</td>
<td>3.5K</td>
<td>1.8K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$220.00</td>
<td>$30.0K</td>
<td>12.2K</td>
<td>848</td>
</tr>
<tr>
<td>NN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$15.00</td>
<td>$105.0K</td>
<td>26</td>
<td>600</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$77.50</td>
<td>$27.7K</td>
<td>685</td>
<td>530</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$35.00</td>
<td>$48.1K</td>
<td>2.8K</td>
<td>503</td>
</tr>
<tr>
<td>AAOI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$30.00</td>
<td>$27.3K</td>
<td>1.8K</td>
<td>462</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be neutral, is expiring today. Parties traded 2027 contract(s) at a $142.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $144.1K, with a price of $71.0 per contract. There were 25443 open contracts at this strike prior to today, and today 105282 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 251 contract(s) at a $64.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $121.0 per contract. There were 496 open contracts at this strike prior to today, and today 30310 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bearish, expiring in 245 day(s) on July 18, 2025. This event was a transfer of 184 contract(s) at a $37.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $55.2K, with a price of $300.0 per contract. There were 86959 open contracts at this strike prior to today, and today 2305 contract(s) were bought and sold. 
• For ZETA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>), we notice a call option trade that happens to be bearish, expiring in 63 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 2459 open contracts at this strike prior to today, and today 2094 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on November 22, 2024. Parties traded 90 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $61.6K, with a price of $685.0 per contract. There were 3520 open contracts at this strike prior to today, and today 1848 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option trade that happens to be bullish, expiring in 35 day(s) on December 20, 2024. This event was a transfer of 248 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $121.0 per contract. There were 12242 open contracts at this strike prior to today, and today 848 contract(s) were bought and sold. 
• Regarding NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>), we observe a put option trade with bearish sentiment. It expires in 35 day(s) on December 20, 2024. Parties traded 600 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $105.0K, with a price of $175.0 per contract. There were 26 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a put option sweep that happens to be bullish, expiring in 399 day(s) on December 19, 2025. This event was a transfer of 36 contract(s) at a $77.50 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $770.0 per contract. There were 685 open contracts at this strike prior to today, and today 530 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option trade that happens to be bullish, expiring in 217 day(s) on June 20, 2025. This event was a transfer of 148 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $48.1K, with a price of $325.0 per contract. There were 2857 open contracts at this strike prior to today, and today 503 contract(s) were bought and sold. 
• For AAOI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>), we notice a call option trade that happens to be bearish, expiring in 35 day(s) on December 20, 2024. This event was a transfer of 161 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $170.0 per contract. There were 1896 open contracts at this strike prior to today, and today 462 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAOI

CLSK

MARA

MSTR

NVDA

PLTR

ZETA

10 Information Technology Stocks With Whale Alerts In Today's Session

RBC Capital analyst Brian Abrahams maintains HOOKIPA Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOK#NASDAQ">HOOK</a>) with a Outperform and lowers the price target from $50 to $48.

HOOK

RBC Capital Maintains Outperform on HOOKIPA Pharma, Lowers Price Target to $48

- Reuters&nbsp; WASHINGTON, Nov 15 (Reuters) - Reports that billionaire Elon Musk has held multiple calls with Russian officials, including President Vladimir Putin, should be investigated by the Pentagon and law-enforcement agencies on national-security grounds, two senior Democratic senators said in a letter seen by Reuters on Friday.
Musk, who has been appointed to a senior government role by Republican President-elect Donald Trump, oversees billions of dollars in Pentagon and intelligence-community contracts as CEO of aerospace company SpaceX.
Senator Jeanne Shaheen, a senior Foreign Relations Committee member, and Senate Armed Services Committee chair Jack Reed told U.S. Attorney General Merrick Garland and the Pentagon's inspector general that Musk's involvement in those SpaceX programs should be probed for potential debarment and exclusion after reports as recent as October of his conversations with Russian officials. Debarment refers to exclusion from certain contracts and privileges.
"These relationships between a well-known U.S. adversary and Mr. Musk, a beneficiary of billions of dollars in U.S. government funding, pose serious questions regarding Mr. Musk's reliability as a government contractor and a clearance holder," the lawmakers said in a joint letter dated on Friday.
Several Democratic lawmakers have publicly called for a probe into Musk's communications with Moscow since a Wall Street Journal report last month on the alleged contact, but the letter to the U.S. officials who could launch such an investigation has not been previously reported.
The call by Shaheen and Reed for a federal probe is a longshot effort as Trump prepares to return to the White House with backing from Musk, who spent over $119 million on Trump's reelection campaign and was appointed co-head of the president-elect's forthcoming Department of Government Efficiency.
SpaceX, Musk and the Pentagon did not immediately respond to requests for comment. The Pentagon and Justice Department did not immediately respond to similar requests.
REPORTS OF RUSSIAN CONTACT
Reports of Musk's contact with Russian officials emerged in 2022, when political scientist Ian Bremmer, president of consulting firm Eurasia Group, said he was told by Musk that he had spoken with Putin about the Ukraine war and Russia's red line for using nuclear weapons. Musk denied Bremmer's claim and said he had only spoken to Putin 18 months earlier, about space.
Last month, the Wall Street Journal reported Musk has had multiple conversations with Russian officials including Putin and his first deputy chief of staff Sergei Kiriyenko, citing unnamed U.S., European and Russian officials.
Shaheen and Reed said in the letter it was "deeply concerning" that Musk reportedly had conversations with Kiriyenko. He was charged this year with other Russian officials by the U.S. Justice Department for spearheading an AI-powered propaganda campaign on Musk's social-media platform X and other sites to promote Russian interests and influence voters ahead of the U.S. presidential election.
Musk has publicly claimed he holds a U.S. security clearance, giving him access to secret information at SpaceX, which holds billions of dollars in Pentagon and NASA launch contracts. The company also has a $1.8-billion intelligence-community contract to build a vast spy satellite network, Reuters has reported.
"Communications between Russian government officials and any individual with a security clearance have the potential to put our security at risk," the lawmakers said in the letter.
Tensions between the U.S. and Russia in space have spiked since Russia's 2022 Ukraine invasion. Pentagon officials have condemned suspect maneuvers by Russian satellites in orbit and this year accused Russia of developing a space-based nuclear weapon capable of disabling large satellite networks.
Musk's SpaceX has come to dominate the U.S. space industry and is relied on heavily by NASA and the Pentagon.
The company's Starlink internet network of nearly 7,000 satellites has made SpaceX the world's largest satellite operator and a disruptive force in the satellite internet sector, with heavy interest from the Pentagon for military communications. Ukraine's military relies heavily on Starlink for battlefield connectivity.
The senators sent a separate letter on Friday to U.S. Air Force Secretary Frank Kendall saying Musk's reported conversations raise the need for more competition in the launch and satellite communications industries and to use more companies besides SpaceX for sensitive national-security missions.
"Mr. Musk's reported behavior could pose serious risks to national security, and as CEO of a company with billions of dollars in sensitive defense and intelligence contracts, warrant reconsideration of SpaceX's outsized role in (the Department of Defense's) commercial space integration," the lawmakers said.

Democratic Senators Call For Pentagon And DOJ Investigation Into Musk's Alleged Calls With Russian Officials Amid National Security Concerns; Urge Probe Of SpaceX Government Contracts

Amplify ETF Trust Amplify CWP Growth & Income ETF

QDVO

Live On CNBC, Kevin Simpson Announces Bought More Coinbase In QDVO

Maxim Group analyst Anthony Vendetti maintains Sensus Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRTS#NASDAQ">SRTS</a>) with a Buy and raises the price target from $12 to $14.

SRTS

Maxim Group Maintains Buy on Sensus Healthcare, Raises Price Target to $14

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is <a href="https://www.benzinga.com/quote/BA/news">issuing layoff notices</a> to 17,000 employees as part of a broader effort to rightsize its workforce.
The cuts, totaling 10% of the company's global headcount, come as the plane maker battles financial turbulence, including a shaky stock performance and production slowdowns. 
The layoffs, expected since October, have been confirmed by <a href="https://www.reuters.com/business/aerospace-defense/boeing-starts-issuing-layoff-notices-starting-this-week-2024-11-13/">Reuters</a>, marking yet another step in Boeing&#8217;s ongoing struggle to stabilize.
See Also: <a href="https://www.benzinga.com/news/retail-sales/24/11/42008180/october-retail-sales-top-expectations-as-us-consumers-increase-tech-spending">October Retail Sales Top Expectations As US Consumers Increase Tech Spending</a>
<h2 class="wp-block-heading">A Challenging Year For Boeing</h2>
The company will provide U.S. workers with 60 days&#8217; notice, in compliance with federal law, keeping them on payroll through January. This move comes as Boeing attempts to regain footing under new CEO Kelly Ortberg, who's juggling:
<ul>
<li>A major financial overhaul,</li>
<li>A union strike, and</li>
<li>A significant production revival effort.</li>
</ul>
The company has struggled throughout 2024, highlighted by a dramatic safety incident earlier in the year and the extended labor strike that just ended on Nov. 5.
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<h2 class="wp-block-heading">Boeing 737 MAX: A Bright Spot Amid Challenges</h2>
Despite these setbacks, Boeing is now focused on reviving production of its cash cow, the 737 MAX, which has faced major setbacks following the strike by 33,000 workers. 
While production is slowly ramping up again, the announcement of layoffs and financial austerity measures is casting a long shadow over employee morale.
<h2 class="wp-block-heading">Boeing&#8216;s Bearish Sentiment Persists</h2>
But even as Boeing's workforce shrinks, its financial health is under scrutiny. The company raised $24 billion in late October to stabilize its balance sheet, but its stock has been on a steep decline. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15091536/Screenshot-2024-11-15-at-7.23.38-PM.png" alt="" class="wp-image-650319" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15091536/Screenshot-2024-11-15-at-7.23.38-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15091536/Screenshot-2024-11-15-at-7.23.38-PM-300x218.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Boeing stock is down over 45% year-to-date, with its share price sitting at $138.14—far below key simple moving averages, including the 200-day simple moving average (SMA) of $175.36. 
This technical weakness indicates further risk for the stock, with a current moving average convergence/divergence (MACD) of a negative 3.83 and a relative strength index (RSI) of 32.73 signaling that Boeing stock is nearing oversold conditions.
<h2 class="wp-block-heading">Can Boeing Soar Again?</h2>
Despite the recent volatility, Boeing&#8217;s efforts to reassert itself, particularly with the MAX, are critical to its future growth. 
However, with the stock stuck in a bearish trend and its workforce facing uncertainty, investors will be watching closely for any signs of recovery. 
The future of Boeing hinges on whether the 737 MAX can continue to take flight—both literally and figuratively.
Read Next: 
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<li><a href="https://www.benzinga.com/news/large-cap/24/11/41946311/boeing-forecasts-67-growth-in-global-air-cargo-fleet-by-2043-driven-by-asia-demand">Boeing Forecasts 67% Growth In Global Air Cargo Fleet By 2043, Driven By Asia Demand</a></li>
</ul>
Image: Shutterstock

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Loar Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/loar-stock-quote/">LOAR</a>) just reported results for the second quarter of 2024.<ul><li>Loar Holdings reported earnings per share of 9 cents. This was below the analyst estimate for EPS of 10 cents.</li><li>The company reported revenue of $97.02 million.</li><li>This was 5.80% better than the analyst estimate for revenue of $91.70 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	The post <a href="https://investorplace.com/earning-results/2024/08/loar-stock-earnings-loar-holdings-for-q2-of-2024/">LOAR Stock Earnings: Loar Holdings Misses EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Loar Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/loar-stock-quote/">LOAR</a>) just reported results for the second quarter of 2024.<ul><li>Loar Holdings reported earnings per share of 9 cents. This was below the analyst estimate for EPS of 10 cents.</li><li>The company reported revenue of $97.02 million.</li><li>This was 5.80% better than the analyst estimate for revenue of $91.70 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	
	The post <a href="https://investorplace.com/earning-results/2024/08/loar-stock-earnings-loar-holdings-for-q2-of-2024/">LOAR Stock Earnings: Loar Holdings Misses EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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