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Pyxis Oncology Inc is a preclinical oncology company focused on developing an arsenal of next-generation therapeutics to target difficult-to-treat cancers and improve quality of life for patients. It develops the product candidates with the objective to directly kill tumor cells, and to address the underlying pathologies created by cancer that enable its uncontrollable proliferation and immune evasion.

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Leading cryptocurrencies moved sideways Thursday as investors awaited <a href="https://www.benzinga.com/trading-ideas/previews/24/10/41170128/jobs-report-preview-could-september-labor-data-shift-feds-interest-rate-path">key employment data releases</a> to gather insight into the economy&#8217;s health.
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.08%</td>
<td>$61,059.00</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.72%</td>
<td>$2,370.40</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.30%</td>
<td>$0.1065</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin wobbled in the $60,000 zone for much of the day before an overnight flourish saw it sail above $61,200.&nbsp;
Ethereum too meandered in the $2,300 region, failing to break above $2,400.
Sentiment has been damp <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">since Iran's missile barrage against Israel</a> on Tuesday, with both Bitcoin and Ether correcting significantly, by 4.5% and 9.11%, respectively, since then.
Liquidations continued to bog the market down, with more than $192 million locked in the derivatives market getting erased in the last 24 hours. Upside bets accounted for 74% of the total.
Bitcoin's Open Interest rose 0.85% in the last 24 hours, going against the price drop. This possibly indicated new short positions getting opened.
The coin's Long/Short Ratio also surged to 1.09, indicating a higher number of traders placing bullish bets as compared to those gunning for price declines.
The Cryptocurrency Fear &amp; Greed Index rose from 37 to 41, although the predominant sentiment remained one of "Fear."
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:30 p.m. EDT)</td>
</tr>
<tr>
<td>Aptos (APT)</td>
<td>+7.36%</td>
<td>$8.54</td>
</tr>
<tr>
<td>Monero (XMR)</td>
<td>+4.81%</td>
<td>$143.85</td>
</tr>
<tr>
<td>Stacks (STX)</td>
<td>+4.20%</td>
<td>$1.88</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.12 trillion in the last 24 hours, following a narrow drop of 0.36%.
Stocks slipped during Thursday's trading. The Dow Jones Industrial Average lost 184.93 points, or 0.44%, to end at 42,011.59. The S&amp;P 500 slid 0.17% to close at 5,699.9. The tech-heavy Nasdaq Composite closed 0.04% lower at 17,918.48.
The Dow and S&amp;P 500 were down 7% this week on escalating geopolitical tensions in the Middle East.
Investors also weighed the <a href="https://www.benzinga.com/government/24/10/41164443/us-weekly-jobless-claims-increase-modestly-to-225k">higher-than-expected weekly jobless claims data</a> for the week ending Sept. 28. Participants now await the nonfarm payrolls data, due to be released Friday, to gain a better understanding of the labor market and state of the economy.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Influential cryptocurrency researcher Ali Martinez flagged $60,365 as a key level to watch out for Bitcoin.
"If BTC breaks below this, we could see a dip to $57,420. But if BTC holds, a rebound to $63,300 is on the table," the analyst remarked.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Key <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> level to watch: $60,365! If <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> breaks below this, we could see a dip to $57,420. But if <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> holds, a rebound to $63,300 is on the table. All eyes on $60,365! &#x1f440;&#x1f440;&#x1f440;&#x1f440;&#x1f440; <a href="https://t.co/2bDJVLWBtI">pic.twitter.com/2bDJVLWBtI</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1841882152528486606?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
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Widely-followed cryptocurrency analyst Michaël van de Poppe believed Bitcoin correcting in the first week of October is "relatively standard" due to the release of unemployment numbers.&nbsp;
"We expect to reverse from next week, through which dips are for buying!" he forecasted.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is correcting in the first week of October. It&#39;s relatively standard, as it&#39;s unemployment week. We expect to reverse from next week, through which dips are for buying! <a href="https://t.co/5QifVoMW62">pic.twitter.com/5QifVoMW62</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1841855734361030783?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
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Photo by CMP_NZ on Shutterstock
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Bitcoin, Ethereum, Dogecoin Stay Muted As Investors Brace For September Jobs Report — Analyst Says Unemployment Week Drop Standard For King Crypto: 'Dips Are For Buying!'

On Thursday, U.S. markets saw losses, with the Dow Jones Industrial Average falling 0.4% to 42,011.59, the S&amp;P 500 closing down almost 0.2% at 5,699.94, and the NASDAQ slipping 0.04% to end at 17,918.48.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
Palantir&#8217;s shares rose 4.67% to close at $39.24, with an intraday high and low of $39.29 and $37.37 respectively. The stock&#8217;s 52-week high and low stand at $39.29 and $14.48. The company&#8217;s co-founder, Peter Thiel, recently completed selling the maximum number of shares under a trading plan he initiated in May. Additionally, Palantir announced a <a href="https://www.benzinga.com/news/24/10/41167646/whats-going-on-with-palantir-stock-today">strategic partnership</a> with Edgescale AI to enhance AI operations in various industrial sectors.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
Amazon&#8217;s stock fell 1.52% to close at $181.96. The shares hit an intraday high of $183.44 and a low of $180.88. The 52-week high and low are $201.2 and $118.35 respectively. The company is reportedly set to <a href="https://www.benzinga.com/general/entertainment/24/10/41162458/amazon-ceo-andy-jassy-said-prime-video-will-have-meaningfully-fewer-ads-than-rivals-2-month">increase the number of advertisements</a> on its Prime Video platform starting next year as part of its broader strategy to enhance its ad-supported streaming services.
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta&#8217;s shares increased 1.74% to close at $582.77, with an intraday high and low of $583.36 and $568.73 respectively. The stock&#8217;s 52-week high and low are $583.36 and $279.4. The social media company has <a href="https://www.benzinga.com/news/24/10/41176448/mark-zuckerbergs-facebook-paid-2b-to-content-creators-in-the-past-year-and-it-wants-to-pay-out-more">paid out over $2 billion</a> to content creators this year as it works to boost monetization efforts for users of the platform.
Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>)
Spirit Airlines&#8217; stock dipped 3.45% to close at $2.24. The shares hit an intraday high of $2.43 and a low of $2.22. The 52-week high and low are $17.49 and $2.22 respectively. The budget airline is reportedly in discussions with bondholders regarding the terms of a potential <a href="https://www.benzinga.com/markets/equities/24/10/41178053/spirit-airlines-engages-in-bankruptcy-talks-amid-financial-struggles-report">bankruptcy filing</a> following a failed merger with JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>).
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares fell 3.35% to close at $240.67. The shares hit an intraday high of $249.79 and a low of $237.81. The 52-week high and low are $271 and $138.8 respectively. The electric vehicle maker returned to growth with <a href="https://www.benzinga.com/general/education/24/10/41166723/how-many-evs-has-tesla-delivered-produced-each-quarter-a-look-at-the-results-since-2019">third-quarter delivery figures</a> showing a year-over-year increase from the prior year.
Photo by WHYFRAME on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Palantir, Amazon, Meta, Spirit Airlines, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Spirit Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) is reportedly in discussions with bondholders regarding the terms of a potential bankruptcy filing. The budget airline is exploring restructuring options <a href="https://www.benzinga.com/news/24/03/37455281/jetblue-spirit-airlines-shares-are-moving-monday-whats-going-on">following a failed merger</a> with JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>).
What Happened: Spirit is considering a Chapter 11 filing as it grapples with significant financial challenges. The airline is also looking into restructuring its balance sheet through an out-of-court transaction, <a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae">reported</a> The Wall Street Journal on Thursday, citing people familiar with the matter.
However, according to the report, recent discussions have primarily focused on securing an agreement with bondholders and creditors to support a bankruptcy filing. 
Spirit is facing mounting pressure due to its $3.3 billion debt load, which includes over $1.1 billion in secured bonds maturing within a year. The airline must refinance or extend these notes by Oct. 21, as per its credit card processor&#8217;s deadline. 
CEO Ted Christie mentioned in August that the company is in active discussions with bondholders&#8217; advisers to address these maturities.
&#8220;Before we get into the results, I want to note that we are engaged in productive conversations with the advisors of our bondholders to address the upcoming debt maturities. Because those conversations are ongoing, we are not going to go into detail or take any questions on this topic or speculate on potential outcomes. Needless to say, it is a priority, and we are focused on securing the best outcome for the business as quickly as possible, while staying focused on driving performance and implementing our new travel options and elevated guest experience," Christie said in the August earnings call. 
Spirit&#8217;s financial woes have been exacerbated by its inability to turn an annual profit since before the COVID-19 pandemic. The airline&#8217;s operational footprint is shrinking, with plans to reduce capacity by nearly 20% in the fourth quarter. 
Additionally, Spirit has been affected by the recall of Pratt &amp; Whitney engines, grounding part of its fleet and leading to pilot furloughs.
See Also: <a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s SearchGPT Set To Disrupt Google&#8217;s Search Empire As Former Engineer Sounds Alarm On Deteriorating User Experience Amid Rising Competition</a>
Why It Matters: The potential bankruptcy filing by Spirit Airlines comes in the wake of a <a href="https://www.benzinga.com/news/24/03/37455281/jetblue-spirit-airlines-shares-are-moving-monday-whats-going-on">terminated merger agreement</a> with JetBlue Airways. 
The two companies had initially planned a merger valued at $3.8 billion, which was expected to create a strong low-fare competitor in the airline industry. However, the merger was called off in March due to unmet conditions, impacting Spirit&#8217;s strategic plans. 
Meanwhile, JetBlue has been focusing on its turnaround strategy, bolstered by <a href="https://www.benzinga.com/news/24/09/40779100/air-travel-demand-and-lower-fuel-costs-to-propel-jetblues-turnaround-analyst-upgrades-stock">rising air travel demand and lower fuel costs</a>. Analysts have upgraded JetBlue&#8217;s stock, projecting a significant liquidity position by 2026.
Spirit Airlines has also <a href="https://www.benzinga.com/news/24/07/40043751/whats-going-on-with-spirit-airlines-stock">faced regulatory challenges</a>, such as a temporary block on a rule requiring airlines to disclose fees upfront. This legal development briefly boosted Spirit&#8217;s stock in July.
Price Action: Spirit Airlines Inc. stock closed at $2.24 on Thursday, down 3.45% for the day. In after-hours trading, the stock plummeted by 30.38% to $1.56. Year to date, Spirit Airlines has fallen significantly, down 86.30%.
Meanwhile, JetBlue Airways Corporation ended the day at $6.39, down 2.74%. In after-hours trading, the stock rose by 4.85%. Year to date, JetBlue has gained 21.25%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Spirit Airlines Engages In Bankruptcy Talks Amid Financial Struggles: Report

After securing a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41175197/openais-latest-eye-popping-valuation-ignites-analyst-expectations-for-tidal-wave-of">whopping $6.6 billion funding</a> round, ChatGPT-parent&nbsp;OpenAI has bagged a&nbsp;$4 billion revolving credit line.
What Happened: The new credit facility will bolster its liquidity to $10 billion, allowing the AI startup to invest in high-cost <a href="https://www.benzinga.com/markets/equities/24/07/39856365/openai-in-talks-with-broadcom-to-develop-new-ai-chip-aims-to-reduce-reliance-on-nvidia-report">computing capacity</a> including Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips.
&#8220;This credit facility further strengthens&nbsp;our balance sheet and provides&nbsp;flexibility to seize future growth&nbsp;opportunities,&#8221; said OpenAI CFO&nbsp;Sarah Friar, in a blog on Thursday.
The credit line is facilitated by a consortium of banks: JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), Banco Santander S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>), Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Sumitomo Mitsui Banking&nbsp;Corporation, UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>), and HSBC Holdings plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>).
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier this week, OpenAI, <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">valued at nearly $157 billion</a>, raised funds&nbsp;from returning venture capital investors&nbsp;such as&nbsp;Thrive Capital and Khosla Ventures.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which has already invested approximately $13 billion into the AI firm over the last five years,&nbsp;and new investor Nvidia, also&nbsp;participated in the funding round.
Despite <a href="https://www.benzinga.com/news/24/09/41059344/sam-altman-hits-back-at-trolls-after-mira-muratis-openai-exit-explains-executive-drain-as-natural-we">major executive changes</a>, including the sudden exit of CTO Mira Murati, investors remain optimistic about OpenAI&#8217;s growth prospects.
However, OpenAI has also faced criticism from Elon Musk, who accused the company of&nbsp;<a href="https://www.benzinga.com/news/24/10/41156902/elon-musk-says-openai-is-evil-after-chatgpt-parent-reportedly-asked-investors-not-to-invest-in-rival">unfair funding practices</a>.
On the other hand, analysts expect a &#8220;tidal wave&#8221; of AI spending, with OpenAI&#8217;s latest valuation seen as a trigger for this growth stage.
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Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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Sen. Bernie Sanders (I-Vt.), on Thursday, praised the 50,000 port workers who successfully <a href="https://www.benzinga.com/news/24/10/41177060/port-strike-ends-workers-return-to-work-friday">secured a significant wage increase</a> following their strike against the shipping industry&#8217;s &#8220;outrageous corporate greed.&#8221;
What Happened: The Vermont senator attached a statement in solidarity with port workers in his post on X. He said, &#8220;Billionaires in the shipping industry must not be allowed to get even richer by replacing port workers with robots.&#8221;
In his statement, he praised the workers for putting their &#8220;lives on the line&#8221; during the COVID-19 pandemic and keeping the economy going. He noted that the shipping industry saw its profits skyrocket by as much as 800 percent and has made a record-breaking $400 billion in profits since 2020.
He noted that over the past 20 years, average wages for port workers along the East Coast have declined by nearly 12% after adjusting for inflation. He said the strike was not only about wages but it was also about making sure that the CEOs and billionaire class are not able to use the &#8220;incredible advancements&#8221; in new technology, automation and AI as a tool to impoverish the working class.
&#8220;Workers must benefit from the revolution in new technology, not just the one percent.&#8221;
Sanders also praised Acting Secretary of Labor Julie Su who the senator said did a &#8220;great job negotiating a tentative agreement to increase the wages of port workers by 62% over six years.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Let me also congratulate our <a href="https://twitter.com/ActSecJulieSu?ref_src=twsrc%5Etfw">@ActSecJulieSu</a>, who did a great job negotiating a tentative agreement to increase the wages of port workers by 62% over six years.
&mdash; Bernie Sanders (@SenSanders) <a href="https://twitter.com/SenSanders/status/1842004043268522385?ref_src=twsrc%5Etfw">October 4, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/politics/24/09/41079936/shaq-called-trump-a-straight-up-guy-before-presidency-i-think-he-just-says-it-wrong-but-did-the-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shaq Called Trump &#8216;A Straight-Up Guy&#8217; Before Presidency, &#8216;I Think He Just Says It Wrong&#8217; – But Did The NBA Legend Actually Vote For Trump In 2016?</a>
Why It Matters: The port workers&#8217; strike on the East and Gulf coasts came to an end after a tentative agreement was reached between the dockworkers and port operators, according to a prior Benzinga report.
This resolution averted a potential disruption to supply chains. The agreement, which includes a substantial wage increase and improved working conditions, addressed the key demands of the International Longshoremen&#8217;s Association. 
The Wall Street Journal reported a 62% increase in wages over six years. The contract extension through January 15, 2025, allows for further negotiations on other issues, including dock automation.
The strike&#8217;s resolution was <a href="https://www.benzinga.com/news/24/10/41177525/biden-praises-end-of-port-strike-highlights-importance-for-hurricane-helene-recovery-collective-barg">met with approval</a> from President Joe Biden, who has been a vocal supporter of the striking workers. 
The International Longshoremen&#8217;s Association revealed that the U.S. Maritime Alliance, a group of companies operating East and Gulf Coast ports, agreed to a pay rise for port workers. As a result, union members are set to return to work immediately. This agreement is significant for the shipping industry, as it demonstrates the power of collective bargaining in securing better working conditions and wages for workers.
During the strike, analysts at Morgan Stanley warned that a prolonged strike could <a href="https://www.benzinga.com/news/24/10/41159016/port-strike-enters-day-3-economist-warns-of-meaningful-impact-if-standoff-prolongs-food-beverages-li">hurt economic growth and boost inflation</a>. However, the swift resolution of the strike has likely averted these potential economic impacts.
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Politics

General

Bernie Sanders Congratulates Port Workers After Strike Ends: Billionaires In Shipping Industry 'Must Not Be Allowed To Get Even Richer By Replacing Workers With Robots'

Billionaire investor and television celebrity Mark Cuban has thrown his support behind Republican Senate hopeful John Deaton, who is running against anti-cryptocurrency crusader Sen. Elizabeth Warren (D-Mass.).
What happened: Cuban, a long-standing critic of Warren's stance toward the industry, minced no words in saying that he wasn't a fan of the senior senator, while featuring on the All-In Podcast.
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Though acknowledging Warren's concerns about the potential wrongful use of cryptocurrencies, Cuban said that she just wants to &#8220;throw the baby out with the bath water."
In contrast, Cuban said that Deaton has been known to be a cryptocurrency advocate, and he was impressed by the attorney's "background" and "character."
"So even before he got through his hat in his ring, I was talking to him, supporting him, giving him feedback, and helping him," Cuban revealed.&nbsp;
Cuban, who has <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41032465/mark-cuban-is-one-of-kamala-harris-most-effective-surrogates-says-former-sc-house-rep-baka">backed </a>Kamala Harris in the ongoing election season,&nbsp;said that he is not a Democrat and has no political bias. "I think John Deaton will be better for the country and better for the citizens of Massachusetts than Elizabeth," he added.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41149446/crypto-whale-dumped-46-million-btc-as-geopolitical-tensions-rise-what-is-going-on">Crypto Whale Dumped $46 Million BTC As Geopolitical Tensions Rise: What Is Going On?</a>
Why It Matters: Cuban's admiration for Deaton is not new. After he won the Republican nomination for Senate in Massachusetts's primary election, Cuban congratulated him, saying, "Only 1 W to go!"
The friendliness has been reciprocal, with <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41039204/mark-cuban-and-anthony-scaramuccis-stance-against-gary-gensler-earns-appreciation-from-eli">Deaton last week praising Cuban&#8217;s efforts</a> to oppose SEC Chair Gary Gensler and Warren&#8217;s unfriendly unfriendly cryptocurrency policies.
Deaton's campaign has received significant support from the cryptocurrency industry. Tyler and Cameron Winklevoss, co-founders of the cryptocurrency exchange Gemini, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39852340/elizabeth-warrens-opponent-gets-a-1m-donation-in-bitcoin-from-winklevoss-twins-spent-the-l">donated $1 million</a> in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the attorney earlier in July.
Image via Shutterstock
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Mark Cuban, An Ardent Kamala Harris Supporter, Isn't Keen On Elizabeth Warren As He Is On Her Pro-Crypto GOP Rival: Here's Why

Berkshire Hathaway&#8217;s legendary late vice chairman, Charlie Munger, has repeatedly lauded the entrepreneurial prowess of late Rose &#8220;Mrs. B&#8221; Blumkin, the founder of Nebraska Furniture Mart.
What Happened: Blumkin established Nebraska Furniture Mart in 1937, which later evolved into one of North America&#8217;s largest home furnishing stores. Berkshire Hathaway purchased <a href="https://www.benzinga.com/general/education/18/08/12284542/this-day-in-market-history-warren-buffett-buys-nebraska-furniture-m">Nebraska Furniture Mart in 1983</a>.
Both Munger and Warren Buffett have frequently spoken about Blumkin&#8217;s influence on the company&#8217;s culture and philosophy.
In a 2017 interview, Munger fondly remembered her and said that despite her inability to read or write in English, she could perform complex mental arithmetic.
See Also: <a href="https://www.benzinga.com/news/earnings/24/10/41137481/nasdaq-s-p-futures-sag-as-downside-risks-intensify-oil-spikes-nike-slides-why-this-strategist-is-ex?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P Futures Sag As Downside Risks Intensify, Oil Spikes, Nike Slides: Why This Strategist Is Expecting &#8216;Stronger&#8217; Second-Half Of October</a>
Munger also shared a light-hearted story about Blumkin&#8217;s work ethic, revealing that she would call her sons &#8220;bums&#8221; if they worked less than 100 hours a week, even after they had become wealthy.
&#8220;She was a very bossy, domineering, hard-working woman, and she worked herself 100 hours a week,&#8221; he recalled fondly.
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Why It Matters: Blumkin moved to the U.S. in her early twenties from Russia and started Nebraska Furniture Mart with a $500 loan from her brother. Mrs. B also invested her savings.
The acquisition of Nebraska Furniture Mart by Berkshire Hathaway in 1983 was a <a href="https://www.benzinga.com/general/24/02/37162489/warren-buffett-purchased-a-business-for-60-million-that-was-started-with-just-a-500-investment-the-f">significant milestone</a> in the company&#8217;s history.
Buffett considered the deal one of the best of his career, <a href="https://www.businessinsider.in/why-warren-buffett-considers-the-deal-he-made-with-an-89-year-old-woman-one-of-the-best-of-his-career/articleshow/47124170.cms">reported</a> Business Insider. &#8220;spiring business managers should look hard at the plain, but rare, attributes that produced Mrs. B&#8217;s incredible success,&#8221; he wrote in a 2013 letter to Berkshire&#8217;s shareholders.
Adding, &#8220;If they absorb Mrs. B&#8217;s lessons, they need none from me.&#8221;
Mrs. B passed away at the age of 104, but her legacy remains deeply ingrained in her family&#8217;s business.
Read Next:
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<li><a href="https://www.benzinga.com/general/entertainment/24/07/40056062/charlie-munger-once-said-that-in-his-entire-life-he-has-never-known-a-wise-person-who-didnt">Charlie Munger Once Said That In His Entire Life, He Has Never Known A Wise Person Who &#8216;Didn&#8217;t Read All The Time — None, Zero:&#8217; Here Are Some Books That The Berkshire Hathaway Vice Chair Recommended — And Not All Are About Finance Either</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Charlie Munger Once Spoke About Mrs. B — The Matriarch Who Even Buffett Admitted Outshone Him In Wisdom: She Built A Successful Business That Made Her Filthy Rich With A $500 Loan And Hard Work

Former Wyoming Republican Representative Liz Cheney publicly endorsed Democratic presidential nominee Kamala Harris at a campaign rally in Ripon, Wisconsin, on Thursday, as reported by <a href="https://thehill.com/homenews/campaign/4915135-liz-cheney-kamala-harris-campaign/">The Hill</a>.
What Happened: Cheney, who was ousted from her party due to her criticism of former President Donald Trump, introduced Harris at the rally and urged Americans to be willing to cross party lines. Cheney&#8217;s endorsement of Harris is part of a broader effort by the Harris campaign to reach across the aisle to voters disillusioned by Trump.
&#8220;I ask you to stand in truth, to reject the depraved cruelty of Donald Trump and I ask you instead to help us elect Kamala Harris for president,&#8221; said Cheney.
&#8220;I know that she can be a president that can inspire our children… and especially our little girls to do great things.&#8221;
Cheney&#8217;s public endorsement of Harris is the most high-profile GOP support the vice president has received so far, aiding in the campaign&#8217;s outreach to Bush-era Republicans and supporters of former South Carolina Gov. Nikki Haley.
See Also: <a href="https://www.benzinga.com/news/24/10/41157285/elon-musks-mom-chimes-in-after-son-says-he-cant-handle-4-years-of-seeing-and-hearing-kamala-harris-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Mom Chimes In After Son Says He Can&#8217;t Handle 4 Years Of &#8216;Seeing And Hearing&#8217; Kamala Harris And Tim Walz: &#8216;So True&#8217;</a>
Why It Matters: Cheney&#8217;s endorsement comes after she <a href="https://www.benzinga.com/news/24/04/38356833/liz-cheney-says-trump-doing-everything-possible-to-postpone-jan-6-case-beyond-election-deep-flaws-in">voiced her criticism</a> of Trump&#8217;s efforts to delay the Jan. 6 case beyond the election, as reported in April. Cheney served as the chairwoman of the House select committee that probed the Jan. 6 insurrection.
In September 2024, Cheney publicly <a href="https://www.benzinga.com/news/24/09/40722256/liz-cheney-says-i-will-be-voting-for-kamala-harris-in-2024-presidential-election-cites-trumps-danger">declared her support</a> for Harris in the upcoming election, citing Trump&#8217;s danger to the republic. This was <a href="https://www.benzinga.com/news/24/09/40758275/former-vice-president-dick-cheney-backs-kamala-harris-says-trump-is-a-greater-threat-to-our-republic">followed</a> by former Vice President Dick Cheney&#8217;s endorsement of Harris.
With the 2024 presidential election heating up, Harris is <a href="https://www.benzinga.com/general/politics/24/10/41176806/harris-vs-trump-vice-president-leads-2024-election-poll-young-voters-help-but-voter-issues-could">leading in the polls</a>. Cheney&#8217;s endorsement could potentially sway more GOP voters towards Harris, further intensifying the race.
Photo by Jerome460 on Shutterstock
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Liz Cheney Introduces Harris At Wisconsin Rally, Asks Voters To Stand In Truth: 'Reject The Depraved Cruelty Of Donald Trump'

Former United Kingdom Prime Minister Boris Johnson has alleged the discovery of a &#8220;listening device&#8221; in his personal bathroom, subsequent to a visit from Israeli Prime Minister Benjamin Netanyahu in 2017.
What Happened: Johnson, who was serving as a foreign secretary at the time, disclosed in an interview with <a href="https://thehill.com/policy/international/4915059-former-uk-pm-alleges-listening-device/">The Telegraph</a> that the device was unearthed during a routine security sweep. &#8220;Later, when they (security) were doing a regular sweep for bugs, they found a listening device in the thunderbox,&#8221; he revealed.
Further details were withheld by Johnson, who directed readers to his forthcoming book &#8220;Unleashed&#8221; for more information. &#8220;Everything you need to know about that episode is in the book,&#8221; he commented.
As reported by The Telegraph, it is still uncertain whether Israel was confronted or reprimanded about the incident. Around the same time, Israel was suspected of planting surveillance devices near the White House and other sensitive locations in the US capital. &#8220;Washington concluded that Israel was likely behind the placement of cellphone surveillance devices,&#8221; The Telegraph reported.
The Hill has reached out to the Israeli Embassy in London for a comment on the allegations.
See Also: <a href="https://www.benzinga.com/news/24/10/41135574/elon-musk-comments-on-jd-vance-tim-walz-debate-after-user-favors-them-over-trump-and-harris-they-wer?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Comments On JD Vance-Tim Walz Debate After User Favors Them Over Trump And Harris: &#8216;They Were Civil&#8217;</a>
Why It Matters: This allegation comes amidst a backdrop of escalating tensions in the Middle East. In September, the <a href="https://www.benzinga.com/news/24/09/41107804/israeli-military-begins-limited-operation-against-hezbollah-in-southern-lebanon-military-says-target">Israeli military initiated a localized operation against Hezbollah targets in southern Lebanon</a>. 
This was followed by <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">Iran launching a missile attack against Israel</a> in early October, in response to the killing of Hezbollah leader Hassan Nasrallah. 
Israeli Prime Minister Benjamin Netanyahu <a href="https://www.benzinga.com/news/24/10/41133292/netanyahu-promises-retaliation-for-missile-attack-on-israel-iran-responds-by-promising-vast-destruct">promised retaliation against Iran</a> for the missile attack, leading to heightened fears of a broader conflict. 
Amidst these tensions, discussions between the U.S. and Israel<a href="https://www.benzinga.com/government/24/10/41172781/oil-prices-rally-biden-confirms-us-discussions-with-israel-about-striking-iran-facilities"> about a potential attack on Iran&#8217;s oil facilities</a> were confirmed by President Joe Biden.
Photo by Ververidis Vasilis on Shutterstock
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Netanyahu May Have Bugged My Toilet, Says Former UK PM Boris Johnson: 'They Found A Listening Device In The Thunderbox'

President Joe Biden has commended the agreement reached between the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX), effectively <a href="https://www.benzinga.com/news/24/10/41177060/port-strike-ends-workers-return-to-work-friday">ending a port strike</a> that threatened to disrupt the U.S. economy.
What Happened: The agreement, which was announced on Thursday, was met with approval by President Biden, who has been a staunch supporter of the striking workers. &#8220;Today's tentative agreement on a record wage and an extension of the collective bargaining process represents critical progress towards a strong contract,&#8221; Biden said in a statement, as reported by <a href="https://thehill.com/homenews/administration/4915156-port-strike-end-agreement/">The Hill</a>.
The ILA revealed that the USMX, a group of companies operating East and Gulf Coast ports, agreed to a pay rise for port workers. As a result, union members are set to return to work immediately.
Biden praised all parties involved in the negotiation process, particularly acknowledging the sacrifices made by the ILA dockworkers during the COVID-19 pandemic.
The president said on X that he applauded ILA and USMX coming together to ensure the &#8220;availability of critical supplies for Hurricane Helene recovery and rebuilding.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I applaud the International Longshoremen's Association and the United States Maritime Alliance for coming together to reopen the East Coast and Gulf ports and ensure the availability of critical supplies for Hurricane Helene recovery and rebuilding. Collective bargaining works.
&mdash; President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1841992882426704101?ref_src=twsrc%5Etfw">October 4, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/10/41118749/trump-vs-harris-poll-finds-vice-president-has-energized-this-largest-voting-bloc-as-her-economic-pro?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Poll Finds Vice President Has Energized This Largest Voting Bloc As Her Economic Proposals Strike A Chord</a>
Why It Matters: The two-day strike had the potential to significantly impact the U.S. economy and posed political challenges for the Biden administration. The end of the strike comes as a relief, as it threatened to disrupt supply chains. 
The agreement includes a substantial wage increase and improved working conditions, addressing the ILA's key demands. According to a <a href="https://www.benzinga.com/news/24/10/41177060/port-strike-ends-workers-return-to-work-friday">Benzinga report</a>, the breakthrough came after port employers offered a 62% increase in wages over six years. 
The agreement also includes a contract extension through Jan. 15, 2025, providing time for the two sides to negotiate other issues, including automation on the docks.
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Biden Praises End Of Port Strike, Highlights Importance For Hurricane Helene Recovery: 'Collective Bargaining Works'

Cannatrol, a company specializing in post-harvest cannabis processing, partnered with the Cannabis Research Coalition (CRC) to to explore the impact of <a href="https://www.benzinga.com/news/24/09/40941818/how-this-cheese-aging-tech-is-boosting-profits-for-cannabis-growers-stop-throwing-cheddar-out-the-do">vapor pressure stability</a> on cannabis quality.
Research findings reveal how advanced post-harvest drying methods impact cannabis flower quality, focusing on terpene retention and trichome coloration. These independent studies compare various drying techniques and equipment, aiming to expand knowledge on how environmental factors influence cannabis quality.
Cannatrol's proprietary&nbsp;Vaportrol Technology&nbsp;was tested in two independent studies. Findings demonstrated significant improvements in <a href="https://www.benzinga.com/markets/cannabis/23/06/32655486/a-look-at-cannabis-terpenes-myrcene">terpene</a> retention and <a href="https://www.benzinga.com/markets/cannabis/23/04/31806591/what-are-cannabis-trichomes-and-whats-their-importance">trichome</a> integrity when using their post-harvest optimization process.
<h3 class="wp-block-heading">Proven Benefits For Terpene And Trichomes</h3>
<a href="https://www.benzinga.com/news/24/09/40941818/how-this-cheese-aging-tech-is-boosting-profits-for-cannabis-growers-stop-throwing-cheddar-out-the-do">Cannatrol's</a> technology was found to deliver, on average, 16% higher terpene retention compared to traditional drying methods. The CRC's analysis shows that maintaining a stable vapor pressure environment during post-harvest is crucial to protecting trichomes &#8211; the resin glands that house cannabinoids and terpenes.
This stability ensures the preservation of the flower's flavor, potency and overall quality.
According to the research, fluctuating vapor pressure levels can damage trichomes, reducing both the terpene content and the overall effect of the cannabis. By maintaining consistency throughout the drying, curing, and storage phases, Cannatrol's technology prevents these issues, resulting in a better final product for cultivators and consumers alike.
Read Also: <a href="https://www.benzinga.com/news/24/09/40941818/how-this-cheese-aging-tech-is-boosting-profits-for-cannabis-growers-stop-throwing-cheddar-out-the-do">How This Cheese-Aging Tech Is Boosting Profits For Cannabis Growers: Stop Throwing Cheddar Out The Door</a>
<h3 class="wp-block-heading">Advancing Post-Harvest Science</h3>
David Sandelman, Cannatrol's CTO and co-founder, emphasized the importance of educating the cannabis community on scientific post-harvest processes. He highlighted how proper management of vapor pressure results in more flavorful and potent cannabis with a better smokable effect. Cannatrol's all-in-one solution ensures this consistent quality across varying climates and geographic locations, making it a reliable tool for commercial cannabis cultivators.
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The research conducted by the CRC highlights Cannatrol's role in advancing <a href="https://www.benzinga.com/topic/cannabis-research">cannabis science</a>. Dr. Allison Justice, CEO of the CRC, praised the company for contributing to the industry's knowledge of post-harvest processes and its potential to deliver superior cannabis.
"Years of prohibition limited research into this plant, causing the cannabis industry to be fraught with tactics that have no scientific backing," she said.
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<li>Read Next:<a href="https://www.benzinga.com/markets/cannabis/24/09/40885286/just-smoke-the-weed-why-this-physician-in-california-urges-against-cannabis-vaping"> &#8216;Just Smoke The Weed&#8217;: Why This Physician In California Urges Against Cannabis Vaping</a></li>
</ul>
Cover: AI generated image

Cannabis

Press Releases

Post-Harvest Optimization Technology Consistently Produces Premium-Quality Cannabis, Studies Show

Cannabis consumer packaged goods company Green Thumb Industries Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/GTII#CSE">GTII</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GTBIF#OTCQX">GTBIF</a>) and owner of RISE Dispensaries, announced on Thursday that it will release its third quarter 2024 financial results after the market closes on Nov.7, 2024.
A conference call and audio webcast will be held on the same day at 5:00 pm ET to discuss the results and answer questions.
Green Thumb said in its second-quarter earnings report made public in early August – which revealed an <a href="https://www.benzinga.com/markets/cannabis/24/08/40175373/green-thumbs-q2-revenue-soars-11-to-280m-is-rising-cost-something-to-watch">11% year-over-year increase in revenue to $280 million</a> &#8211; that it will continue strengthening its position in the U.S. cannabis market, focusing on operational efficiency, market expansion and long-term value creation for shareholders.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40427128/verano-green-thumb-marimeds-strong-q2-unpacking-the-cannabis-earnings-surge">Verano, Green Thumb &amp; MariMed&#8217;s Strong Q2: Unpacking The Cannabis Earnings Surge</a>
This comes as no surprise considering that the company is present across 14 markets nationwide, some of them in nascent markets like<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40140341/the-king-of-ohios-recreational-cannabis-market-heres-why-investors-should-follow-th"> Ohio</a>, <a href="https://www.benzinga.com/markets/cannabis/24/08/40541485/exclusive-can-minnesota-keep-its-cannabis-industry-local-amid-out-of-state-pressure-legal-expert">Minnesota</a> and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41132320/slipping-weed-sales-in-floridas-market-is-this-100m-bet-really-worth-the-hype">Florida</a>, to name a few.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03161438/ccc-oct-24-banner__1_-6.gif" alt="" class="wp-image-579491" /></a></figure>
Headquartered in Chicago, Green Thumb recently announced a $50 million share repurchase program, that commenced on Sept 23.
The company&#8217;s board of directors approved the repurchase of up to 10,573,860 of its subordinate voting shares from time to time over the next 12 months in mid-September.
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The news came on the heels of the company&#8217;s announcement that it has closed on a $150 million five-year syndicated credit facility led by Valley National Bank, the <a href="https://www.benzinga.com/markets/cannabis/24/09/40834346/cannabis-giant-green-thumb-secures-150m-credit-facility-strengthens-our-already-clean-balance-sh">principal subsidiary of Valley National Bancorp.</a>
<a href="https://www.benzinga.com/events/cannabis-conference/">Green Thumb</a> CEO Ben Kovler <a href="https://www.benzinga.com/markets/cannabis/24/09/40876634/cannabis-giant-green-thumb-confirms-50m-share-repurchase-program-ceo-open-to-m-a-and-unique-inve">said</a> the buyback program allows it to be more flexible in using its cash reserves to repurchase more shares if an opportunity arises.
&#8220;We love our balance sheet, particularly in light of the recent refinancing, and remain open to strategic M&amp;A, capital expenditures into the business and unique investment opportunities,&#8221; Kovler said. &#8220;The future is bright for Green Thumb as America craves more well-being and more cannabis.&#8221;
Kovler has cultivated close ties with top experts in cannabis and finance sectors, including Ross Gerber, co-founder and CEO of Gerber Kawasaki Wealth and Investment Management, who is set to <a href="https://www.benzinga.com/markets/cannabis/24/09/41029459/multi-billion-dollar-fund-manager-ross-gerber-will-discuss-cannabis-and-its-financial-future-at-">take the stage</a> at this year&#8217;s <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> in Chicago on October 8-9, 2024.
<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> before prices surge by following <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>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40924527/barstool-sports-expands-into-cannabis-industry-partners-with-green-thumb-industries">Barstool Sports Expands Into Cannabis Industry, Partners With Green Thumb Industries</a></li>
</ul>
<h3 class="wp-block-heading">GTBIF Price Action</h3>
Green Thumb's shares traded 0.39% higher at $10.42 per share at the time of writing late Thursday.

Earnings

CSE:GTII

GTBIF

GTII

Cannabis Giant Green Thumb To Report Q3 Results, Here's What Investors Should Watch For

STRM

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Trading Halt: Halt status updated at 7:50:00 PM ET: Trading Halt: Halt News Pending

A report filed with the New York State Legislature on Oct. 1 by the Office of Cannabis Management (OCM) and the Cannabis Control Board (CCB) reveals significant growth in the state's legal cannabis market, which has now generated nearly $654 <a href="https://www.benzinga.com/topic/new-york-cannabis">million in sales. </a>
However, despite the increasing revenue, over 200 retail license holders, particularly those granted permits through social equity programs, remain in limbo, Green Market Report <a href="https://www.greenmarketreport.com/new-york-cannabis-report-reveals-latest-license-numbers-sales-stats/">wrote.</a>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41031812/cannabis-licensing-and-finding-dispensaries-in-new-york-just-got-easier-heres-how">Cannabis Licensing And Finding Dispensaries In New York Just Got Easier—Here&#8217;s How</a>
The 2024 report offers a comprehensive overview of the state's cannabis industry, addressing critical challenges such as enforcement against unlicensed operators, gaps in regulation and the financial obstacles that social equity businesses continue to face.
<h3 class="wp-block-heading">Social Equity Licenses In Limbo</h3>
Among the 1,704 permits approved to date, 205 are Conditional Adult Use Retail Dispensary (CAURD) licenses issued to applicants with past cannabis convictions, commonly referred to as &#8220;justice-involved&#8221; individuals. Despite these approvals, only 150 of the license holders have opened operational dispensaries, with many struggling to secure compliant retail spaces and funding.
"OCM has reviewed and scored every CAURD application received," the report said. The Cannabis Social Equity Investment Fund, originally intended to inject $200 million into the industry to help these applicants, has only been utilized by 20 of the 463 CAURD licensees, leaving many without the necessary financial support to proceed.
<h3 class="wp-block-heading">Medical Marijuana Operators Slow To Enter Adult-Use Market</h3>
The report also highlighted the slow progress made by the 10 companies licensed to grow and sell medical cannabis. To date, only four companies &#8211; Curaleaf Holdings Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>), Etain, Fiorello Pharmaceuticals and PharmaCann &#8211; have opened weed shops, with most operators hesitant to move into the adult-use marijuana sector.
While there is optimism that new licenses will be granted soon, with applications being reviewed, the pace of industry growth remains uneven.
<h3 class="wp-block-heading">Record Sales But Ongoing Challenges</h3>
New York&#8217;s legal cannabis market reached a record $97.4 million in sales in August, bolstered by continued enforcement efforts to curb unlicensed sales. The state's regulators are actively cracking down on illegal cannabis operations, particularly in New York City, which has led to a steady increase in legal sales.
Despite these successes, the report acknowledges that significant work remains to be done to create a sustainable and equitable industry. The OCM outlined policy recommendations aimed at reducing regulatory costs for licensees, providing more financial support to social equity businesses and revising packaging rules to promote sustainability.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40461786/94-of-ny-cannabis-retailers-oppose-loosening-1-000-foot-buffer-zone-between-legal-shops-is-the-m">94% Of NY Cannabis Retailers Oppose Loosening 1,000-Foot Buffer Zone Between Legal Shops &#8211; Is The Market At Risk?</a></li>
</ul>
Image Credits: Kindel Media by Pixabay and Quintin Gellar by Pexels Edited By <a href="https://www.benzinga.com/cannabis" target="_blank" rel="noreferrer noopener">Benzinga</a>

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

NY Cannabis Market Soars To $654M But Equity Licensees Are Left Behind, Report Finds

Those suffering from chronic pain are more in favor of policies that expand cannabis access compared to the physicians who provide their care, according to a study recently <a href="https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2824105">published</a> in JAMA Network Open.
The research from Rutgers Health and other institutions, covered states where medical cannabis is legal and it included over 1,600 people with chronic pain and 1,000 physicians.
Individuals with chronic pain support the legalization of medical marijuana on the federal level the most (70.8%), followed by federal legalization of cannabis for adult use – a policy change favored by 54.9% of those asked.
The majority of chronic pain patients (64%) said they would like insurance cover cannabis treatment for their condition, while half of those asked (50.1%) said they would support policy change requiring states with medical cannabis programs to provide subsidies for people with low income.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03173341/ccc-oct-24-banner__1_-8.gif" alt="" class="wp-image-579569" /></a></figure>
Out of the four policies seeking to amend the cannabis landscape nationwide and statewide, physicians supported federal legalization of medical cannabis the most (59%).
Read Also: <a href="https://www.benzinga.com/24/07/39774432/new-study-shows-high-use-of-medical-cannabis-for-chronic-pain-and-arthritis-in-older-patients">New Study Shows High Use Of Medical Cannabis For Chronic Pain And Arthritis In Older Patients</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
Interestingly, physicians were more in favor of requiring patient registration with the state medical cannabis program to access medical cannabis than those suffering from chronic pain (68.1% vs. 49.2%, respectively).
Elizabeth Stone, a core faculty member at the Rutgers Institute for Health, Health Care Policy and Aging Research and lead author of the study, said cannabis is unique in terms of the complicated policy landscape,&#8221; <a href="https://www.newswise.com/articles/chronic-pain-patients-are-more-supportive-of-cannabis-access-than-doctors">reported</a> Newswise.
&#8220;Depending on what state you&#8217;re in, it could be that medical cannabis is legal, it could be that medical and recreational use are legal, it could be that neither is legal, but some things are decriminalized,&#8221; said Stone, who also serves as an instructor in the Department of Psychiatry at Rutgers Robert Wood Johnson Medical School. &#8220;Overall, people with chronic pain were more supportive of the policies that would expand access to medical cannabis, and providers were more supportive of the policies that would restrict access to medical cannabis.&#8221;
Stone's study is part of a National Institute on Drug Abuse-funded project that investigates the impacts of state medical cannabis policies on opioid-related outcomes for those suffering from chronic pain.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/04/38072019/older-patients-are-choosing-cannabis-to-treat-chronic-pain-arthritis-anxiety-and-insomnia-new-st">Older Patients Are Choosing Cannabis To Treat Chronic Pain, Arthritis, Anxiety And Insomnia, New Study Shows</a></li>
</ul>

Education

Health Care

Chronic Pain Patients Support Cannabis Access Expansion While Physicians Favor Restrictions, Study Finds

The recent port strike on the East and Gulf coasts ended following a tentative agreement between dockworkers and port operators, resolving a labor dispute that had threatened to disrupt supply chains. 
According to <a href="https://www.cnn.com/2024/10/03/business/port-strike-union-deal/index.html">CNN</a>, the agreement includes a substantial wage increase and improved working conditions, addressing the International Longshoremen's Association&#8217;s key demands. &#8220;The breakthrough Thursday came after port employers offered a 62% increase in wages over six years, according to people familiar with the matter,&#8221; stated the Wall Street Journal.
The agreement includes a contract extension through Jan. 15 2025. This gives time for the two sides to negotiate other issues, including automation on the docks.
This resolution of the three-day strike averted a prolonged disruption that could have severely<a href="https://www.benzinga.com/news/24/10/41159016/port-strike-enters-day-3-economist-warns-of-meaningful-impact-if-standoff-prolongs-food-beverages-li"> impacted supply chains</a>, particularly ahead of the holiday season. The quick settlement also defused a political risk for the current administration, according <a href="https://www.politico.com/news/2024/10/03/port-strike-ends-defusing-a-political-time-bomb-00182455">to</a> Politico. Dockworkers go back to work on Friday.
Read Next: <a href="https://www.benzinga.com/government/24/10/41172781/oil-prices-rally-biden-confirms-us-discussions-with-israel-about-striking-iran-facilities"> • Oil Prices Rally: Biden Confirms US &#8216;Discussions&#8217; With Israel About Striking Iran Facilities</a> Please check back in to Benzinga as this story updates. 
Photo: Shutterstock

Port Strike Ends, Workers In A Tentative Deal Return To Work Friday [Updated]

The Arkansas Supreme Court ordered the Secretary of State to resume counting approximately <a href="https://www.benzinga.com/markets/cannabis/24/10/41123982/arkansas-medical-marijuana-ballot-falls-short-of-necessary-signatures-legal-battle-looms">18,000 disputed signatures for Issue 3</a>, a proposed amendment to expand the state&#8217;s medical marijuana program.&nbsp;
The Supreme Court&#8217;s ruling comes as a preliminary injunction in the ongoing legal battle. Arkansans for Patient Access (APA) sued the state on Tuesday after Secretary of State John Thurston declared the group <a href="https://www.benzinga.com/markets/cannabis/24/10/41123982/arkansas-medical-marijuana-ballot-falls-short-of-necessary-signatures-legal-battle-looms">fell 2,664 signatures short</a> of the amount needed to qualify for the November ballot.
<h3 class="wp-block-heading">Court Decision Bolsters APA&#8217;s Fight For Ballot Inclusion</h3>
On Wednesday, the state&#8217;s highest court intervened, instructing Thurston to &#8220;immediately begin verifying the (~18,000) remaining signatures submitted during the cure period until the 90,704 threshold or just beyond is met.&#8221; The court set a deadline of Friday for Thurston to file a report on the verification process, <a href="https://arktimes.com/arkansas-blog/2024/10/02/two-state-supreme-court-justices-recuse-in-marijuana-amendment-case">according</a> to the Arkansas Times.
The conflict centers on Thurston&#8217;s refusal to count signatures collected during the cure period, alleging that required certifications were signed by representatives of the canvassing company rather than the measure&#8217;s sponsors, violating state law. However, APA contends that delegating such duties to agents has been an accepted practice. &#8220;It would be fundamentally unfair for the secretary&#8217;s newly &#8216;discovered&#8217; position to be imposed on APA at the eleventh hour of the signature collection process,&#8221; the group stated in its <a href="https://arktimes.com/wp-content/uploads/2024/10/Complaint_A.pdf">filing</a>, as <a href="https://arktimes.com/news/cannabiz/2024/10/01/marijuana-group-files-lawsuit-says-thurston-should-count-remaining-signatures">reported</a> by the Arkansas Times.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">APA Confident About Valid Signature Count</h3>
In their petition, APA requested that all submitted signatures be counted and the measure certified for the ballot. They also asked for an expedited review of the case. &#8220;We are confident that well more than 5,000 of those will be deemed valid once counted,&#8221; said Bill Paschall, a member of APA. 
Stephen Lancaster, the attorney representing APA, criticized the state&#8217;s approach. &#8220;This is a clear attempt to thwart the will of the people. Thousands of voters' voices are being silenced by arbitrary technicalities,&#8221; <a href="https://arkansasadvocate.com/2024/10/01/arkansas-supreme-court-asked-to-certify-medical-marijuana-measure-for-2024-ballot/">said</a> Lancaster, according to the Arkansas Advocate.
<h3 class="wp-block-heading">Ongoing Legal Proceedings And Political Intrigue</h3>
The Arkansas Supreme Court has ordered all parties to file briefs by October 7, as <a href="https://www.4029tv.com/article/arkansas-medical-marijuana-supreme-court/62491938">reported</a> by 4029 News. This expedited timetable reflects the court&#8217;s urgency in resolving the matter before the upcoming election, highlighting the high stakes for both supporters and opponents of the amendment.
In a twist, Chief Justice Dan Kemp and Associate Justice Courtney Hudson recused themselves from the case. Their recusal requires Governor <a href="https://www.benzinga.com/markets/cannabis/22/10/29147849/trump-mouth-piece-sarah-huckabee-sanders-weed">Sarah Huckabee Sanders </a>(R), former President Donald Trump&#8217;s White House press secretary, to appoint replacements, raising concerns about potential political influence. <a href="https://arktimes.com/arkansas-blog/2024/10/02/two-state-supreme-court-justices-recuse-in-marijuana-amendment-case">According</a> to the Arkansas Times, Sanders has ties to Protect Arkansas Kids, an anti-marijuana group that has now joined the lawsuit. The group is expected to challenge the amendment&#8217;s ballot title and popular name, though their specific objections remain unclear. This development adds another layer of political tension to an already contentious legal battle.
The case has the potential to set important precedents, not only for the cannabis community but also for future ballot measure qualifications across Arkansas.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40516358/arkansas-poultry-executive-donates-200k-to-group-opposing-medical-marijuana-and-abortion-initiat">Arkansas Poultry Executive Donates $200k+ To Group Opposing Medical Marijuana And Abortion Initiatives</a>
<h3 class="wp-block-heading">Attorney General Backs Ballot Disqualification</h3>
Attorney General Tim Griffin has publicly defended Thurston&#8217;s decision, emphasizing the need to follow state law to the letter. &#8220;Our laws protect the integrity of the ballot initiative process,&#8221; Griffin said, <a href="https://apnews.com/article/medical-marijuana-arkansas-signatures-lawsuit-93297e195fcb70c8ec8cfdb99deda0e4">according</a> to the Associated Press. He reiterated his commitment to defending Thurston's stance in court, maintaining that only sponsors—not their agents—can sign key documents related to ballot initiatives.
The Attorney General&#8217;s office argues that sponsors play a critical role in ensuring that paid canvassers are well-informed of their legal responsibilities. This, they claim, prevents misunderstandings and maintains the integrity of the ballot process, a stance they are preparing to defend as the case progresses.
<h3 class="wp-block-heading">Implications For Arkansas Medical Marijuana Program</h3>
The proposed amendment seeks to expand the medical marijuana program established in 2016. It aims to broaden the definition of medical professionals authorized to certify patients, include more qualifying conditions and extend the validity of medical cannabis cards from one to three years.
Despite the legal tussle, Issue 3 will appear on the ballot due to certification deadlines. However, the counting of votes depends on the court&#8217;s final decision regarding the disputed signatures.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/41094117/medical-marijuana-takes-a-back-seat-as-adult-use-legalization-gains-momentum">Medical Marijuana Takes A &#8216;Back Seat&#8217; As Adult-Use Legalization Gains Momentum</a></li>
</ul>

Government

Regulations

Arkansas Supreme Court Orders State To Count All Disputed Medical Marijuana Ballot Signatures After Threat Of Lawsuit

<a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae?mod=latest_headlines">https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae?mod=latest_headlines</a>
<a href="https://www.wsj.com/market-data/quotes/SAVE">Spirit Airlines</a> has been&nbsp;in discussions with bondholders over the terms of a&nbsp;potential bankruptcy filing&nbsp;in the wake of its failed merger with <a href="https://www.wsj.com/market-data/quotes/JBLU">JetBlue Airways</a>, according to people familiar with the matter.&nbsp;
The budget carrier has also been&nbsp;exploring restructuring its&nbsp;balance sheet&nbsp;through an out-of-court transaction, though recent talks have been more focused on reaching an agreement with bondholders and other creditors to support a chapter 11 filing, the people said. The timing of such a filing, should it happen, wouldn't be imminent, they said.&nbsp;

'Spirit Airlines Explores Bankruptcy Filing; The Budget Carrier Has Been Discussing A Possible Restructuring Agreement To Be Implemented In Chapter 11' - WSJ

The head-to-head battle between Donald Trump and Vice President Kamala Harris is heating up with nearly one month until the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election voting day.</a>
A new poll of nationally registered voters shows an extremely tight race.
What Happened: Since becoming the Democratic Party candidate after President Joe Biden stepped down, Harris has helped the party see a boost in election polls <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">and betting odds </a>ahead of the 2024 election.
A new Emerson College poll of nationally registered voters shows a close race and several trends to watch.
Here are the results in the latest <a href="https://emersoncollegepolling.com/october-2024-national-poll-harris-50-trump-48/">poll</a>, which was conducted Sept. 29 to Oct. 1:
<ul>
<li>Kamala Harris: 50%</li>
<li>Donald Trump: 48%</li>
<li>Someone Else: 1%</li>
<li>Undecided: 1%</li>
</ul>
"The margin between the candidates has stayed the same since early September, when Harris held 49% and Trump 47%," Emerson College polling executive director Spencer Kimball said.
Kimball said Harris's small edge is less than Biden's four-point lead in the Emerson national poll at the same point of time in the 2020 election.
The latest poll shows 50% of voters have a favorable view of Harris, while 50% have an unfavorable view of the current vice president.
The poll shows that 49% of voters have a favorable view of Trump, while 51% have an unfavorable view of the former president.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The latest poll shows a closer race between Harris and Trump than others and Trump with a higher favorability rating, which could be positives for the former president.
Other items likely helping Trump are the facts that the economy (41%) and immigration (17%) are the top two issues from voters. Trump has often gotten better ratings on these items than Harris, who is currently in office.
The poll found that housing affordability (6%), which is a key issue in Harris' campaign, ranked lower than other topics. Potential good news for Harris is the poll found that 53% of voters support the idea of financial assistance to first-time home buyers, while 35% oppose the idea and 12% neither support or oppose.
The Emerson College poll shows a stark difference in voters' age and their preferred candidate. Here are the results by age group for the two candidates, with the remaining percentage going to someone else or undecided as their answers:  
<ul>
<li>18-29: Harris 63%, Trump 36%</li>
<li>30-39: Harris 50%, Trump 48%</li>
<li>40-49: Harris 53%, Trump 43%</li>
<li>50-59: Harris 45%, Trump 53%</li>
<li>60-69: Harris 43%, Trump 56%</li>
<li>70 and Older: Harris 46%, Trump 51%</li>
</ul>
The poll shows that Harris has 50% or more support from three voter groups aged 18 to 49, but sees her support drop as the ages go up from 50 and above.
Outside of this poll, the major concern for Harris is likely her lack of support in several key swing states.
As <a href="https://www.benzinga.com/general/politics/24/10/41155460/harris-in-trouble-vice-president-trails-trump-in-two-key-swing-states-tied-in-state-that-has-vot">Benzinga recently reported,</a> new polls of voters in Pennsylvania, Arizona and North Carolina show Trump leading or tied.
In a poll of Pennsylvania voters, Trump and Harris are tied at 48% each. In a poll&nbsp;of Arizona voters, Trump leads with 50% of the vote with Harris having 47% of the vote. In a poll of North Carolina voters, Trump leads with 49% of the vote with Harris having 48% of the vote.
Arizona, North Carolina and Pennsylvania are three of the key<a href="https://www.benzinga.com/topic/swing-states" target="_blank" rel="noreferrer noopener">&nbsp;seven swing states&nbsp;</a>that could decide the 2024 presidential election and have 11, 16 and 19 electoral college votes, respectively.
With the other four swing states of Georgia, Michigan, Nevada and Wisconsin, the seven states represent 93 electoral college votes.
Biden won many of these swing states, including flipping some from Republican to Democrat from the 2016 to 2020 election to be victorious in the last presidential election. In a close race that many election polls and election forecasters show, the swing states could remain a key element in securing a victory.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Shutterstock

Harris Vs. Trump: Vice President Leads 2024 Election Poll — Young Voters Help, But Voter Issues Could Spell Trouble

LifeSci Capital analyst Sam Slutsky has maintained their bullish stance on PYXS stock, giving a Buy rating on August 8. Sam Slutsky has given his B...

Buy Rating Affirmed for Pyxis Oncology Amid Strong Financials and Promising Clinical Trials

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Gryphon Digital Mining (GRYP – Research Report) an...

Analysts Offer Insights on Healthcare Companies: Gryphon Digital Mining (GRYP) and Pyxis Oncology (PYXS)

Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new B...

3 Best Stocks to Buy Now, 8/19/2024, According to Top Analysts

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Pyxis Oncology (PYXS – Research Report), Spruce Biosciences (SPRB...

Analysts Offer Insights on Healthcare Companies: Pyxis Oncology (PYXS), Spruce Biosciences (SPRB) and Envista Holdings (NVST)

With the rising prevalence of chronic diseases, increasing cell and gene therapies, and rising tech adoption in the biotech industry, the oncology market is booming. Amid this backdrop, investors could consider quality biotech stocks Pyxis Oncology (PYXS), Immatics (IMTX), and Jazz Pharmaceuticals (JAZZ), having significant upside potential. Continue reading... The oncology market is playing an inevitable role worldwide with its latest innovation offering solutions for fatal diseases. Also, the rapidly rising R&amp;D activities and surging investments, coupled with the adoption of cutting-edge technologies are propelling the growth and development of the market.
Given the industry's rosy prospects, it could be wise to invest in fundamentally strong biotech stocks Pyxis Oncology, Inc. (<a href="https://stocknews.com/stock/PYXS/">PYXS</a>), Immatics N.V. (<a href="https://stocknews.com/stock/IMTX/">IMTX</a>), and Jazz Pharmaceuticals plc (<a href="https://stocknews.com/stock/JAZZ/">JAZZ</a>) poised for major upside.
Incidents of patients being affected by cancer is increasing dramatically and is projected to grow through the middle of the century across the globe. Simultaneously, ecosystem engaged in the discovery, developing, and delivering breakthrough therapies in entirely new areas of science is on steep high levels.
These factors are continuously contributing to the <a href="https://www.iqvia.com/insights/the-iqvia-institute/reports-and-publications/reports/global-oncology-trends-2024">breakthroughs in the oncology market and propelling its prospects</a>. Last year, over 25 novel oncology active substances were unveiled worldwide, and more than 2,000 new oncology clinical trials were set in motion, such as cell and gene therapies, antibody-drug conjugates, multispecific antibodies, and radioligand therapies.
The oncology drugs market is expected to reach a projected revenue of $194.10 billion by 2024 worldwide. In comparison to the world, the US continues its dominance over the world in the segment with <a href="https://www.statista.com/outlook/hmo/pharmaceuticals/oncology-drugs/worldwide">oncology drug development and innovation</a>, having numerous breakthrough therapies approved by the FDA and is expected to generate the highest revenue, with $103.90 billion in 2024.
The global oncology drugs market is anticipated to reach $518.25 billion by 2032, exhibiting growth at a notable <a href="https://www.fortunebusinessinsights.com/oncology-drugs-market-103431">CAGR of 11.3%</a>. Factors including the rising prevalence of different type of cancer, increasing new drug launches and product approvals, and growing research activities in the field contribute to the market growth.
Given these favorable market trends, let's look at the fundamentals of the top three <a href="https://stocknews.com/category/biotech/">Biotech</a> stocks, beginning with the third choice.
Stock #3: Pyxis Oncology, Inc. (<a href="https://stocknews.com/stock/PYXS/">PYXS</a>)
PYXS is a clinical stage company engaged in the development of therapeutics to treat cancers. The company's lead antibody-drug conjugates (ADC) product candidate is PYX-201, an investigational novel ADC consisting of human immunoglobulin G1, in the Phase 1 clinical trial to treat patients with relapsed or refractory solid tumors.
On August 15, PYXS announced that its PYX-201, an ADC that uniquely targets EDB+FN within the tumor stroma which is PYXS' lead clinical program is being evaluated in an ongoing Phase 1 trial in multiple types of solid tumors. The company expects to announce preliminary data from the Phase 1 trial of PYX-201 in the fall of 2024.
For the six months that ended June 30, 2024, PYXS posted <a href="https://www.investopedia.com/terms/r/revenue.asp">total revenues</a> of $16.15 million, of which its royalty revenues stood at $8.15 million for the same period. The company's total other income, net came in at $5.08 million for the half year.
In addition, the company's cash and cash equivalents were $25.07 million as of June 30, 2024, compared to $9.6 million as of December 31, 2023.
Shares of PYXS have increased 79.7% over the past year to close the last trading session at $3.81. Wall Street analysts expect the stock to hit $8 in the near term, indicating a potential <a href="https://www.tipranks.com/stocks/pyxs/forecast">upside of 110%</a>.
PYXS' robust growth prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Sentiment. Within the <a href="https://stocknews.com/category/biotech/">Biotech</a> industry, PYXS is ranked #90 out of 341 stocks.
<a href="https://stocknews.com/stock/PYXS/">Click here</a> to access additional ratings of PYXS for Stability, Growth, Value, Quality, and Momentum.
Stock #2: Immatics N.V. (<a href="https://stocknews.com/stock/IMTX/">IMTX</a>)
Headquartered in Tübingen, Germany, IMTX is a clinical-stage biopharmaceutical company which focuses on the research and development of potential T cell redirecting immunotherapies for the treatment of cancer. It is developing targeted immunotherapies with a focus on treating solid tumors through two distinct treatment modalities.
IMTX's revenue has grown at a CAGR of 33.3% over the past three years. The company's tangible book value has increased 72.6% over the same timeframe, while its total assets have improved at a CAGR of 42.5%.
IMTX's revenue from collaboration agreements increased 52.5% from the year-ago value to €49.02 million ($54.77 million) during the six months that ended June 30, 2024. The company's cash and cash equivalents and total assets came in at €158.14 million ($176.69 million) and €626.97 million ($700.51 million) as of June 30, 2024.
Analysts expect IMTX's revenue for the third quarter (ending September 2024) to increase 161.1% year-over-year to $16.55 million. For the fiscal year 2024, the company's revenue is expected to grow 35.6% year-over-year to $79.48 million. Also, the company has topped the consensus EPS estimates in all of the trailing four quarters.
IMTX's shares have gained 36.3% over the past nine months to close the last trading session at $11.49. Wall Street analysts expect the stock to hit $17.33 in the near term, indicating a potential <a href="https://www.tipranks.com/stocks/imtx/forecast">upside of 50.8%</a>.
IMTX's sound fundamentals are reflected in its POWR Ratings. The stock has a B grade for Value. Within the Biotech industry, IMTX is ranked #76 among the 341 stocks.
In addition to the POWR Ratings we've stated above, we also have IMTX ratings for Quality, Growth, Momentum, Stability, and Sentiment. Get all IMTX ratings <a href="https://stocknews.com/stock/IMTX/">here</a>.
Stock #1: Jazz Pharmaceuticals plc (<a href="https://stocknews.com/stock/JAZZ/">JAZZ</a>)
JAZZ identifies, develops, and commercializes pharmaceutical products for unmet medical needs internationally. The company provides Xywav, Xyrem, Epidiolex, Zepzelca, Rylaze, Enrylaz, Defitelio, and Vyxeos.
JAZZ's trailing-12-month gross profit and EBIT margins of 92.60% and 19.84% are 61.3% and 787.6% higher than the respective industry averages of 57.41% and 2.23%. Likewise, the stock's trailing-12-month levered FCF margin of 27.17% is significantly higher than the industry average of 1.30%.
During the second quarter, which ended June 30, 2024, JAZZ's total revenues increased 6.9% year-over-year to $1.02 billion. Its income from operations grew 26.5% from the year-ago value to $199.44 million. The company's non-GAAP adjusted net income and EPS came in at $364.73 million and $5.30, reflecting growth of 12.2% and 17.5% year-over-year, respectively.
Furthermore, the company's cash and cash equivalents and total assets stood at $1.35 billion and $11.36 billion as of June 30, 2024.
According to the company's full year 2024 financial guidance, JAZZ expects its revenues between $4 billion and $4.10 billion. Its net income is expected to be $1.27 billion - $1.35 billion and $19.20 - $20.30 per share.
Street expects JAZZ's revenue for the third quarter (ending September 2024) to increase 6.6% year-over-year to $1.04 billion. Its EPS for the same quarter is expected to grow 14.2% year-over-year to $5.53. Also, the company has topped the consensus revenue estimates in three of the four trailing quarters.
JAZZ's stock has soared 3.1% over the past month to close the last trading session at $114.29. Wall Street analysts expect the stock to hit $173.76 in the near term, indicating a potential <a href="https://www.tipranks.com/stocks/jazz/forecast">upside of 52%</a>.
JAZZ's POWR Ratings reflect its robust outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
JAZZ has an A grade for Value and Growth. It also has a B grade for Sentiment, and Quality. It is ranked #4 among the 341 stocks in the same industry.
<a href="https://stocknews.com/stock/JAZZ/">Click here</a> to access additional JAZZ ratings for Stability and Momentum.
What To Do Next?
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JAZZ shares were trading at $114.61 per share on Tuesday afternoon, up $0.32 (+0.28%). Year-to-date, JAZZ has declined -6.82%, versus a 18.91% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/jazz-imtx-pyxs-3-oncology-stocks-with-major-upside/>3 Oncology Stocks With Major Upside</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Oncology Stocks With Major Upside

Moment Of Truth Approaches For Pyxis Oncology

In a report released today, Leonid Timashev from RBC Capital maintained a Buy rating on Pyxis Oncology (PYXS – Research Report), with a price targe...

Pyxis Oncology (PYXS) Gets a Buy from RBC Capital

Leerink Partners analyst Jeffrey La Rosa has maintained their bullish stance on PYXS stock, giving a Buy rating on September 19. Jeffrey La Rosa ha...

Pyxis Oncology's PYX-201 Earns 'Buy' Rating on Promising ADC Program Developments

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GRYP

IMTX

JAZZ

NVST

PYXS

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SPRB

Pyxis Oncology Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Pyxis Oncology to Present at the RBC Capital Markets Global Healthcare Conference

Pyxis Oncology Provides Corporate Update and Reports Financial Results for First Quarter 2024

Pyxis Oncology to Participate in a Fireside Chat at the Jefferies Global Healthcare Conference

Management

Pyxis Oncology Expands Board of Directors with Appointment of Michael A. Metzger

Pyxis Oncology to Participate in the BTIG Virtual Biotechnology Conference

Pyxis Oncology Provides Corporate Update and Reports Financial Results for Second Quarter 2024

Pyxis Oncology to Participate in Two Upcoming Investor Conferences

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Pyxis Oncology, Inc. (NASDAQ:PYXS)

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