Viridian Therapeutics Bolsa (NASDAQ: VRDN)

Últimas noticias sobre Viridian Therapeutics (NASDAQ:VRDN) Bolsa

Viridian Therapeutics

Viridian Therapeutics Inc is a clinical-stage biopharmaceutical company that engages in developing multiple product candidates to treat patients who suffer from thyroid eye disease. Its product candidate VRDN-001 is an insulin-like growth factor-1 receptor (IGF-1R) monoclonal antibody (mAb) being developed for the potential treatment for patients with thyroid eye disease.

Viridian Therapeutics, Inc. - Common Stock

Viridian Therapeutics Inc

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is on the cusp of a significant growth phase, fueled by its leadership in AI infrastructure. 
What Happened: Investor Ross Gerber compared Jensen Huang&#8216;s chip giant current financial trajectory to Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) during the early iPhone years, highlighting the immense potential in AI, Yahoo Finance <a href="https://finance.yahoo.com/news/nvidia-may-be-entering-a-limitless-era-investor-203859004.html">reported</a> on Tuesday.
&#8220;Nvidia is printing money like Apple did in the early days of the iPhone,&#8221; he said in an interview with Yahoo Finance.
Gerber, a decade-long investor in Nvidia and Tesla, sees the company&#8217;s growth driven by the global development of AI infrastructure, largely supported by Nvidia&#8217;s cutting-edge chips. He mentioned that Nvidia&#8217;s profitability and strong market position in the chip industry make the upcoming five years promising. 
Gerber also compared Nvidia to Tesla, adding the former has <a href="https://www.benzinga.com/markets/equities/24/12/42717543/nvidia-tops-tesla-as-better-bet-over-10-years-says-ross-gerber-must-have-in-portfolio-along-with-these-2-stocks">been a better investment</a> in the past decade.
This year, Nvidia has drawn&nbsp;$30 billion in retail investor&nbsp;inflows, ranking as the most favored&nbsp;stock among retail investors in&nbsp;2024. Despite some traders recently offloading shares, Nvidia&#8217;s stock has surged 181% year to date.
Nvidia&#8217;s founder and CEO, Jensen Huang, is set to speak at CES 2025, potentially further boosting the stock.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42714205/kiyosaki-warns-of-bitcoin-in-black-rocks-etf-it-is-suppressing-bitcoin-price?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kiyosaki Warns Of Bitcoin In Black Rocks ETF: &#8216;It Is Suppressing Bitcoin Price&#8217;</a>
Why It Matters: Nvidia&#8217;s strategic focus on robotics as a new growth driver comes amid fierce competition in the AI chipmaking sector, particularly from Advanced Micro Devices, Inc. . Nvidia&#8217;s valuation <a href="https://www.benzinga.com/media/24/12/42721414/nvidia-targets-robotics-as-next-big-opportunity-amid-rising-ai-rivalry">surpassed $3 trillion</a>, rivaling Apple Inc. , fueled by the AI boom. The company has also invested in humanoid robotics firms like Figure AI, marking its entry into &#8216;physical AI.&#8217;
Additionally, Ibiden Co., a <a href="https://www.benzinga.com/tech/24/12/42718022/days-after-key-nvidia-supplier-warned-of-ai-spending-slowdown-another-nvda-partner-considers-accelerating-ex">key supplier for Nvidia</a>, is considering expanding its production capacity to meet the surging demand for AI chip package substrates. This move underscores the robust demand for AI-use substrates, with all available stock being quickly acquired by customers. Ibiden&#8217;s new substrate factory in Gifu, Japan, is expected to begin operations at 25% capacity by late 2025, eventually reaching 50% by March 2026.
Price Action: Nvidia was trading slightly lower at $137.24 in overnight trading hours on Robinhood at 2:19 am ET.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42716028/bill-gates-expressed-skepticism-towards-bitcoin-i-would-short-it-if-possible?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bill Gates Expressed Skepticism Towards Bitcoin: &#8216;I Would Short It&#8217; If Possible</a></li>
</ul>
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.
Image via Shutterstock

Analyst Color

Equities

News

Markets

General

AAPL

NVDA

Jensen Huang's Nvidia 'Printing Money Like Apple' In Early iPhone Days, Says Tesla Bull Ross Gerber

The Greenbrier Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) will release its first-quarter financial results, after the <a href="https://www.benzinga.com/quote/GBX/earnings">closing bell, on Wednesday, Jan. 8, 2025.</a>
Analysts expect the Lake Oswego, Oregon-based company to report quarterly earnings at $1.15 per share, up from 96 cents per share in the year-ago period. Greenbrier projects quarterly revenue of $849.51 million, compared to $808.8 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Oct. 23, Greenbrier posted better-than-expected results for its fourth quarter.
Greenbrier shares fell 1.2% to close at $61.29 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>B of A Securities analyst Ken Hoexter maintained an Underperform rating and raised the price target from $42 to $50 on Oct. 24. This analyst has an accuracy rate of 66%.</li>
<li>Susquehanna analyst Bascome Majors maintained a Positive rating and increased the price target from $63 to $65 on Oct. 21. This analyst has an accuracy rate of 60%.</li>
<li>Stephens &amp; Co. analyst Justin Long maintained an Overweight rating and boosted the price target from $62 to $65 on April 8. This analyst has an accuracy rate of 71%.</li>
</ul>
Considering buying GBX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="600" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31023832/image-234-1024x600.png" alt="" class="wp-image-712815" style="width:567px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31023832/image-234-1024x600.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31023832/image-234-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31023832/image-234-768x450.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31023832/image-234.png 1152w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/24/12/42720878/top-3-tech-stocks-that-may-fall-off-a-cliff-this-quarter">Top 3 Tech Stocks That May Fall Off A Cliff This Quarter</a></li>
</ul>

Earnings

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Greenbrier Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Financial analyst&nbsp;Jim Bianco&nbsp;commented on&nbsp;Scottie Pippen&#8216;s prophetic dream encounters with Satoshi Nakamoto on Monday, noting that the NBA legend&#8217;s Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) forecasts have been surprisingly accurate.
What Happened: Bianco, President and founder of Bianco Research, said in an X post that Pippen&#8217;s predictions have gained attention due to their accuracy, regardless of the bizarre methods he claims to use, such as receiving messages from Bitcoin&#8217;s pseudonymous creator in dreams.
Bianco also analyzed Pippen&#8217;s most recent forecast, where the basketball star said, &#8220;Just took a nap and Satoshi whispered, &#8216;Bitcoin will go closer to Black Mamba numbers before it goes back to Chamberlain.'&#8221; 
According to Bianco, the post referenced NBA legends Kobe Bryant and Wilt Chamberlain, who scored 81 and 100 points in a single game, respectively. Put simply, Pippen expected Bitcoin to retrace to $81,000 before reclaiming $100,000.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes, that Scottie Pippen regularly tweets BTC price forecasts. He is getting noticed because whatever technique he uses—including getting whispers from dead people in his sleep—his tweets have been fairly accurate forecasts. Interpretation Black Mamba = Kobe Bryant. Most points… <a href="https://t.co/VaSg5Z9GYx">https://t.co/VaSg5Z9GYx</a>
&mdash; Jim Bianco (@biancoresearch) <a href="https://twitter.com/biancoresearch/status/1873753459184603236?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42735623/trump-backed-platforms-pick-years-chart-topper-6-new-cryptos-added-to-grayscales-top-20-list-with-growth-potential-in-q1-2025">Trump-Backed Platform&#8217;s Pick, Year&#8217;s Chart Topper: 6 New Cryptos Added To Grayscale&#8217;s &#8216;Top 20&#8217; List With Growth Potential In Q1 2025</a>
Why It Matters: As it turns out, the leading cryptocurrency has slipped below the key support level of $93,000 and <a href="https://www.benzinga.com/24/12/42735439/bitcoin-falls-below-93k-ethereum-dogecoin-slip-ahead-of-new-year-top-analyst-anticipates-problem-for-apex-crypto">risked falling further</a>. Since the Christmas surge, Bitcoin has dropped as much as 6.5%.
Earlier, Pipen grabbed eyeballs by predicting that Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41797612/nba-legend-scottie-pippens-prophetic-satoshi-nakamoto-dream-misses-bitcoin-numbers-on-elec">would hit $84,000</a> on Election Day. While the digital asset missed these projections, it reached $84,000 a week later.
Pippen, widely regarded as one of the NBA&#8217;s greatest players, is a known Bitcoin advocate. He has been using his social media to promote the cryptocurrency, although in ways one would consider frivolous. He said that Satoshi visited him in dreams to predict the coin&#8217;s next moves.
Price Action: At the time of writing, Bitcoin was exchanging hands at $92,648.60, down 1.11% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Image via Wikimedia Commons
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading">&#8216;Pharma Bro&#8217; Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor</a></li>
</ul>
Disclaimer:&nbsp;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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BTC

NBA Star Scottie Pippen's 'Satoshi Nakamoto-Delivered' Bitcoin Forecasts Fairly Accurate, Says Financial Analyst

The CNN Money Fear and Greed index showed an increase in the overall fear level, while the index remained in the &#8220;Fear&#8221; zone on Monday.
U.S. stocks settled lower on Monday, with the Dow Jones index dipping more than 400 points during the session. Large tech stocks fell again on Monday, with shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declining 3.3% and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) losing 1.4% during the session.
Although major indices settled lower on Friday, they still recorded gains last week. The blue-chip index gained around 0.4% last week, ending a three-week losing streak, while the S&amp;P 500 added 0.7%. The Nasdaq, meanwhile, rose about 0.8% during the week.
On the economic data front, the Chicago PMI fell to 36.9 in December from 40.2 in November and missing market estimates of 42.5. U.S. pending home sales increased 2.2% month-over-month in November, following a revised 1.8% gain in October and above market estimates of a 0.7% increase. The Dallas Fed's Texas manufacturing activity index rose six points to a reading of 3.4 in December.
All sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, materials, and healthcare stocks recording the biggest losses on Monday.
The Dow Jones closed lower by around 418 points to 42,573.73 on Monday. The S&amp;P 500 fell 1.07% to 5,906.94, while the Nasdaq Composite dipped 1.19% to close at 19,486.79 during Monday's session.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 27.9, the index remained in the &#8220;Fear&#8221; zone on Monday, versus a prior reading of 30.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/24/12/42720878/top-3-tech-stocks-that-may-fall-off-a-cliff-this-quarter">Top 3 Tech Stocks That May Fall Off A Cliff This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

TSLA

Dow Tumbles Over 400 Points As Tesla, Meta Decline: Fear Continues To Grip Markets, Greed Index Remains In Red Zone

With U.S. stock futures trading slightly lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>EHang Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) announced strong preliminary revenues for the fourth quarter and fiscal year ended Dec. 31. Total revenues for the fourth quarter are projected to reach RMB162 million, representing a 20% increase from the guidance of RMB135 million, and a year-over-year surge of 187% from the year-ago quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. EHang Holdings shares fell 0.4% to $15.60 in the after-hours trading session.</li>
<li>Sangamo Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) announced its collaboration and license agreement with Pfizer on giroctocogene fitelparvovec will terminate effective April 21, 2025. Sangamo Therapeutics shares tumbled 60.4% to $0.9270 in the after-hours trading session.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) posted stronger-than-expected sales for the fourth quarter, reporting quarterly sales of $18.10 million which beat the analyst consensus estimate of $16.39 million. Cemtrex shares climbed 12.1% to $3.51 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>CompoSecure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) announced plans to spin off Resolute Holdings Management. CompoSecure shares surged 7.4% to $16.80 in the after-hours trading session.</li>
<li>Ambow Education Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBO#NYSE">AMBO</a>) posted net income of $0.1 million for the second quarter, versus a year-ago net loss of $1.0 million. Its net revenues fell by 11.1% to $2.4 million during the quarter. Ambow Education shares dipped 13.8% to $2.94 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/24/12/42720878/top-3-tech-stocks-that-may-fall-off-a-cliff-this-quarter">Top 3 Tech Stocks That May Fall Off A Cliff This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

AMBO

CETX

CMPO

SGMO

CompoSecure, Cemtrex And 3 Stocks To Watch Heading Into Tuesday

Lucid Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) has started delivering their latest offering &#8211; <a href="https://www.benzinga.com/tech/24/12/42432727/lucids-gravity-gets-official-range-estimate-higher-than-teslas-model-x-but-lower-than-its-own-air-sedan">the electric Gravity SUV</a> &#8211; to customers over the weekend, the company said in a post on X on Tuesday.
What Happened: &#8220;This weekend the first Lucid Gravity customers received their vehicles and departed the factory as a convoy,&#8221; Lucid wrote in a post on X. The post was accompanied by a short video of several customers checking their vehicles before riding out together from the company&#8217;s factory in Casa Grande, Arizona.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This weekend the first Lucid Gravity customers received their vehicles and departed the factory as a convoy. This is just the beginning. Here&#39;s to a remarkable 2025. <a href="https://t.co/ZIF5MwhNnX">pic.twitter.com/ZIF5MwhNnX</a>
&mdash; Lucid Motors (@LucidMotors) <a href="https://twitter.com/LucidMotors/status/1873858864787185839?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Lucid&nbsp;<a href="https://www.benzinga.com/24/11/41838253/lucid-rises-nearly-5-in-pre-market-after-strong-q3-results-opening-orders-for-gravity-suv" target="_blank" rel="noreferrer noopener">started taking orders</a>&nbsp;for Gravity last month. Orders are now being taken for the Grand Touring trim of the SUV starting from $94,900. Production of the lower-priced Touring trim of the vehicle, starting at $79,900, will start only in late 2025, the company previously said.
Lucid, which entered the EV market with its premium Air sedan, is looking to expand its total addressable market with the Gravity. Lucid CEO Peter Rawlinson previously said that with Gravity, the company has now entered a "market that's about 6 times larger than our addressable market last year with Air."
Why It Matters:&nbsp;The Gravity is expected to rival&nbsp;Tesla Inc.'s Model X SUV which starts at $79,990 for the base version and at $94,990 for the more premium Plaid version.
During Lucid's&nbsp;<a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi" target="_blank" rel="noreferrer noopener">first-quarter earnings call in May</a>, the CEO said that Gravity has a &#8220;significant opportunity&#8221; that the Model X did not capture. While the Model X is a bit car-like, the Gravity is a proper three-row SUV and is on track to become the &#8220;world&#8217;s best SUV,&#8221; he said.
Lucid is also looking forward to starting production of a high-volume midsized platform priced at around $48,000 in late 2026 as a&nbsp;<a href="https://www.benzinga.com/news/24/06/39135581/youtuber-mkbhd-praises-lucid-air-sapphire-if-it-couldnt-be-a-tesla-it-would-have-to-be-this" target="_blank" rel="noreferrer noopener">direct competitor&nbsp;</a>to Tesla's mass-market offerings Model 3 and Model Y.
The company, however, is yet to make a profit. For the third quarter, the EV company reported an adjusted quarterly loss of 28 cents per share.
Price Action:&nbsp;Lucid shares closed down 1.6% on Monday at $3.15. The stock is down by over 24% year-to-date, according to data from&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Lucid has a consensus price target of $5.04 based on the ratings of 14 analysts tracked by Benzinga. While the highest price target of&nbsp;$12 was&nbsp;issued by&nbsp;RF Lafferty&nbsp;on&nbsp;February 23, 2023, the low of&nbsp;$2 was&nbsp;issued by&nbsp;RBC Capital&nbsp;on&nbsp;November 19, 2024.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/24/12/42717337/spacex-kicks-off-post-christmas-operations-with-double-launch-eyes-134-missions-in-2024" target="_blank" rel="noreferrer noopener">SpaceX Kicks Off Post-Christmas Operations With Double Launch, Eyes 134 Missions In 2024</a></li>
</ul>
Photo courtesy: Lucid

Tech

LCID

Lucid Starts Deliveries Of Tesla Model X Competitor Gravity SUV

The EU&#8217;s USB-C directive has officially come into force, mandating a universal charging port for electronic devices.
What Happened: The directive, effective from 2025, requires mobile phones to feature a USB-C port.
All 27 EU member states had until Dec. 28 to incorporate this directive into their national laws. The regulation covers a wide range of devices, including mobiles, tablets, digital cameras, and portable speakers, among others.
See Also: <a href="https://www.benzinga.com/tech/24/12/42715283/apples-ai-driven-growth-airtag-2-airpods-health-features-and-iphone-17-pro-this-week-in-appleverse?itm_source=parsely-api">Apple&#8217;s AI-Driven Growth, AirTag 2, AirPods&#8217; Health Features, And iPhone 17 Pro: This Week In Appleverse</a>
Laptop manufacturers have until April 28, 2026, to comply. However, certain high-power devices, like the Sony Group Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation 5, are exempt.
Additionally, the directive stipulates that devices capable of charging with higher voltages or currents must support USB Power Delivery (USB-PD). This affects brands like OnePlus and Oppo.
The European Commission also permits the sale of new devices without chargers to minimize waste. A graphic on retail boxes will indicate if a charger is included, helping consumers adapt to the new regulations.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It's time for THE charger. Today, the USB-C becomes officially the common standard for charging electronic devices in the EU. It means better-charging technology, reduced e-waste, and less fuss to find the chargers you need. <a href="https://twitter.com/hashtag/DigitalEU?src=hash&amp;ref_src=twsrc%5Etfw">#DigitalEU</a>
&mdash; European Commission (@EU_Commission) <a href="https://twitter.com/EU_Commission/status/1872885193255915618?ref_src=twsrc%5Etfw">December 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The directive also allows devices to retain proprietary charging solutions alongside USB-C ports.
This means that the current MacBook lineup with MagSafe complies, as it supports charging through both Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) magnetic connector and the EU-approved technology.
While many companies voluntarily embraced USB-C, the legislation applied enough pressure to compel holdouts like Apple to finally incorporate USB-C into their devices.
Despite being a <a href="https://www.benzinga.com/news/23/09/34475640/heres-why-apple-took-8-years-to-bring-usb-c-to-iphone-despite-contributing-to-its-development">key contributor to the development</a> of the USB-C port, Apple was slow to adopt it for its iPhones.
The company is now facing challenges in <a href="https://in.benzinga.com/content/36090760/apple-requests-delay-in-indias-new-usb-c-port-mandate-heres-why">markets like India</a>, where similar regulations are being considered.
Image Credits &#8211; Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42715441/openais-for-profit-transition-trumps-ai-advisor-and-googles-code-red-this-week-in-ai?itm_source=parsely-api">OpenAI&#8217;s For-Profit Transition, Trump&#8217;s AI Advisor, And Google&#8217;s Code Red: This Week In AI</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Sony Group Corporation American Depositary Shares

SONY

MagSafe Won't Be Phased Out By EU's New Directive: Here's Why MacBook Users Have Nothing To Worry About

<ul>
<li>Total revenues for the fourth quarter 2024 are expected to reach RMB162 million, representing an increase of 20% from the guidance of RMB135 million, and a year-over-year increase of 187% from RMB56.6 million in the fourth quarter of 2023.</li>
<li>Total revenues for the fiscal year 2024 are expected to reach RMB454 million, representing an increase of 6% from the guidance of RMB427 million, and a year-over-year increase of 287% from RMB117.4 million in 2023.</li>
</ul>
The upward performance reflects stronger-than-expected market demand for EHang's flagship EH216-S pilotless passenger-carrying aerial vehicles, key operational milestones, and growing momentum in the Company's business.

EHang Expects Q4 2024 Revenue Growth of 187% YoY To RMB162M And FY24 Revenue Growth Of 287% To RMB454M

The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42720866/bond-vigilantes-send-loud-warning-message-as-treasuries-climb-to-may-highs-is-the-santa-rally-in-serious-doubt-heres-what-analysts-say">Santa</a> Claus Rally, a typical year-end market surge, has seemingly failed to materialize this year, with stocks experiencing a recent downturn. However, this analyst expects the S&amp;P 500 index to hit 7,000 points in the first half of 2025.
What Happened: According to Fundstrat Insights, Tom Lee, the head of research at Fundstrat attributed this decline to profit-taking and investor uncertainty surrounding the Federal Reserve&#8217;s future interest rate policies. However, he emphasizes that the positive market outlook for 2025 remains largely unchanged.
According to Lee, even if the S&amp;P 500 closes the year at 5,900, it doesn&#8217;t diminish the significant potential for growth in 2025.
Looking ahead to next year, Lee said that he will closely monitor the CEO confidence index and the ISM manufacturing data for signs of economic expansion. He predicts that the S&amp;P 500 could potentially reach 7,000 in the first half of 2025, representing substantial upside from current levels.
Louis Navellier from Navellier &amp; Associates also said in his note that &#8220;It certainly appears to be a bit of profit-taking.&#8221;
According to Ed Yardeni of Yardeni Research there are multiple reasons for missing the Santa Rally. &#8220;From a sentiment perspective, there have been too many bulls. From a technical perspective, breadth has been narrowing again as a few LargeCap momentum stocks continue to outperform.&#8221;
&#8220;From a fundamental perspective, while earnings growth should remain bullish, the Fed may be done easing monetary policy for a while at the same time as the outlook for fiscal policy under Trump 2.0 is uncertain. From a valuation perspective, forward P/Es are stretched,&#8221; he added.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42720866/bond-vigilantes-send-loud-warning-message-as-treasuries-climb-to-may-highs-is-the-santa-rally-in-serious-doubt-heres-what-analysts-say">Bond Vigilantes Send &#8216;Loud Warning Message&#8217; As Treasuries Climb To May Highs: Is The Santa Rally In &#8216;Serious Doubt&#8217;? Here&#8217;s What Analysts Say</a> 
Why It Matters: Ryan Detrick, the chief market strategist at Carson Research, in an earlier X post had highlighted that no other seven-day period except the last seven days of the year is more likely to be higher. This period of &#8216;Santa Rally&#8217; has given positive returns at least 78.4% of the time.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">These next 7 trading days are known as the Santa Claus Rally period. There is no 7 day period more likely to be higher (78.4% of the time) and only two 7 day periods have a better avg return (1.29%). &#x1f385; <a href="https://t.co/40qVwHa1rS">pic.twitter.com/40qVwHa1rS</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1871322312219468049?ref_src=twsrc%5Etfw">December 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Reinstalling confidence among investors Navellier added &#8220;Normally, we rally going into New Year&#8217;s, and we normally rally in the new year. So, if we don&#8217;t, it means we have to wait until the A team comes back, which will of course be after the New Year&#8217;s holiday.&#8221;
Price Action: According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data, the exchange-traded fund tracking the S&amp;P 500, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 2.18% since Dec. 24. Whereas, Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tracking Nasdaq 100, was down 2.71%. The fund tracking Russell 2000 iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) declined 1.21% and Dow Jones tracker SPDR Dow Jones Industrial Average ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 1.56% in the same period.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-1024x576.png" alt="" class="wp-image-712596" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31003734/ETFs-Equity.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index/ETF</td>
<td>YTD</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>24.54%</td>
</tr>
<tr>
<td>SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)</td>
<td>24.45%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>28.13%</td>
</tr>
<tr>
<td>Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</td>
<td>28.07%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>12.88%</td>
</tr>
<tr>
<td>SPDR Dow Jones Industrial Average ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)</td>
<td>12.91%</td>
</tr>
<tr>
<td>Rusell 2000</td>
<td>10.68%</td>
</tr>
<tr>
<td>iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)</td>
<td>10.61%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42721523/apples%20chinese-rival-huawei-slashes-prices-for-new-year-boost-should-tim-cook-led-company-be-worried-heres-what-analysts-are-saying-about-aapl-stock">Apple&#8217;s Chinese Rival Huawei Slashes Prices For New Year Boost: Should Tim Cook-Led Company Be Worried? Here&#8217;s What Analysts Are Saying About AAPL Stock</a></li>
</ul>

Market Summary

Broad U.S. Equity ETFs

ETFs

SPDR Dow Jones Industrial Average ETF Trust

Wall Street Meets The Grinch Instead Of Santa But This Analyst Believes 'S&P 500 Can Get Close To 7,000' In First Half Of 2025

A new leak reiterates that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly set to <a href="https://www.benzinga.com/news/24/11/41699427/apples-iphone-17-base-models-could-finally-get-this-highly-requested-pro-feature">improve the display technology</a> in its upcoming iPhone 17 series.
What Happened: Over the weekend, Weibo-based Chinese leaker Digital Chat Station said that supply chain materials support the rumors of a higher refresh rate for the standard iPhone 17.
Although the exact refresh rate wasn&#8217;t specified, earlier reports suggest a 120Hz ProMotion rate, which was previously exclusive to Pro models, might be implemented.
See Also: <a href="https://www.benzinga.com/tech/24/12/42715441/openais-for-profit-transition-trumps-ai-advisor-and-googles-code-red-this-week-in-ai?itm_source=parsely-api">OpenAI&#8217;s For-Profit Transition, Trump&#8217;s AI Advisor, And Google&#8217;s Code Red: This Week In AI</a>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31010935/Screenshot-2024-12-31-at-11.39.28%E2%80%AFAM-1024x465.png" alt="" class="wp-image-712644" /><figcaption class="wp-element-caption">Source: Weibo</figcaption></figure>
ProMotion technology, enabled by low-temperature polycrystalline oxide (LTPO) panels, allows for variable refresh rates from 1Hz to 120Hz.
This technology enhances user experience with smoother scrolling and video playback, and always-on functionality for time, widgets, and notifications on Lock Screens.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier, Ross Young from Display Supply Chain Consultants indicated that both the standard iPhone 17 and a new model, tentatively named &#8220;iPhone 17 Air,&#8221; will feature ProMotion displays.
This shift means all four iPhone models in 2025 will have ProMotion, eliminating the 60Hz displays that have been standard in previous base models.
Meanwhile, Novatek&#8217;s OLED technology could play a crucial role in the design of the <a href="https://www.benzinga.com/news/24/10/41195325/apple-might-have-just-found-the-technology-to-power-its-thin-iphone-17-air-display">ultra-thin iPhone 17 Air</a>.
Leaks regarding iPhone 17 Pro Max suggest that the device could feature 12GB DRAM and upgraded cooling systems. These enhancements, along with improved on-device AI capabilities, are likely to be <a href="https://www.benzinga.com/news/24/10/41195325/apple-might-have-just-found-the-technology-to-power-its-thin-iphone-17-air-display">major selling points</a> for the iPhone 17 Pro Max.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42716915/porn-on-spotify-users-discover-explicit-content-hidden-in-search-results-sparking-outrage-over-moderation-loopholes?itm_source=parsely-api">Spotify Users Discover Adult Content Hidden In Search Results Sparking Outrage Over Moderation Loopholes</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

iPhone 17 To Get Display Upgrade As Apple Finally Ditches 60Hz Technology? New Leak Reiterates Possibility

DJCO

Reported Earlier, Daily Journal FY24 EPS $56.73 Up From $15.58 YoY, Sales $69.93M Up From $67.71M YoY

Reported Earlier, Marcus & Millichap's IPA Brokers Record-Breaking $116M Sale Of La Vista Apartments In Santa Maria

IPOs

ONEG

OneConstruction Group Prices Initial Public Offering Of 1.75M Common Shares At $4/Share

HIVE

HIVE Digital Technologies Relocates Headquarters To San Antonio, Texas And Adopts US GAAP Reporting

Macro Economic Events

Econ #s

Economics

Reported Earlier, China Non-Manufacturing Purchasing Managers Index For December 52.2 Vs. 50.2 Est.; 50.0 Prior

Reported Earlier, China Manufacturing Purchasing Managers Index For December 50.1 Vs. 50.3 Est.; 50.3 Prior

Reported Earlier, China Composite Purchasing Managers' Index For December 52.2 Vs. 50.8 Prior

SpaceX CEO Elon Musk said on Monday that the company hopes to conduct the seventh flight test of its <a href="https://www.benzinga.com/24/12/42718758/elon-musk-says-starship-will-get-fully-reusable-heat-shield-in-2025-i-am-confident" target="_blank" rel="noopener">Starship launch vehicle</a> on January 10th.
What Happened: &#8220;10th,&#8221; Musk wrote on social media platform X. The billionaire CEO was responding to a query on when SpaceX expects to conduct the seventh test flight of its Starship launch vehicle. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">10th
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1873862900915593679?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Starship is still in development and undergoing testing. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a <a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noopener">custom version of the Starship</a>, Musk dreams of taking <a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noopener">humans to the planet Mars</a> aboard the Starship.
The last time humans set foot on the Moon was in 1972&nbsp;<a href="https://www.benzinga.com/news/24/01/36692749/just-a-worse-version-of-apollo-elon-musk-baffled-by-nasa-veterans-push-to-ditch-spacex-blue-origin-a" target="_blank" rel="noreferrer noopener">with Apollo 17</a>. Since then, no crew has traveled beyond low-Earth orbit.
Starship is currently in the testing and development phase. The company has conducted six test flights of the vehicle thus far starting in April 2023 but without a payload. The last flight test took place in November.
Why It Matters: Earlier this month, Musk said that the version of the Starship spacecraft planned for the launch vehicle's&nbsp;<a href="https://www.benzinga.com/24/12/42455167/spacex-rolls-out-starship-for-testing-ahead-of-next-flight-will-the-7th-test-happen-before-2024-end" target="_blank" rel="noreferrer noopener">seventh test flight</a>&nbsp;features "major" design improvements.
"Lighter, easier to manufacture, and less susceptible to high heating," Musk said in a post on X about the new version of the spacecraft.
For the upcoming flight test, SpaceX will attempt to land the Starship spacecraft in the ocean yet again.
&#8220;We will do one more ocean landing of the ship. If that goes well, SpaceX will attempt to catch the ship with the tower (launch tower at Starbase),&#8221; Musk previously said.
Catching the booster of the vehicle as well as the spacecraft back at the launch tower at Starbase is an important demonstration of the vehicle&#8217;s reusability. 
SpaceX is attempting to make its rockets reusable to bring down the cost of spaceflight.
In July 2023, Musk warned that rocket manufacturers will&nbsp;<a href="https://www.benzinga.com/news/23/07/33383081/elon-musk-tells-rocket-makers-go-all-in-on-reusability-or-be-utterly-uncompetitive" target="_blank" rel="noreferrer noopener">need to go all-in on reusability</a>&nbsp;or risk being uncompetitive.
"Rockets are no different from other transport technologies, just harder to make reusable. No one would buy a single-use airplane, car, or even bicycle! You'd need to tow another car just for the return trip," Musk said.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42718758/elon-musk-says-starship-will-get-fully-reusable-heat-shield-in-2025-i-am-confident">Elon Musk Says He Is &#8216;Confident&#8217; SpaceX&#8217;s Starship Will Get Fully Reusable Heat Shield In 2025</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

SpaceX CEO Elon Musk Says Starship's 7th Test Flight Slated For Jan 10

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) might have retraced sharply in recent days, but one influential analyst on Monday predicted massive upsides for the payment-focused cryptocurrency in 2025.
What happened: Ali Martinez, a well-known chartist, observed a "promising setup" for XRP, prompting him to set a price target of $11.
Martinez identified a falling wedge pattern, commonly interpreted as a bullish indicator by technical analysts.
If the projections turn out to be accurate, it would imply a 450% increase, or more than a fivefold jump, from XRP's current market price.
<figure class="wp-block-embed"> 
<div class="wp-block-embed__wrapper">
<a href="https://twitter.com/ali_charts/status/1873858351857328157" title="https://twitter.com/ali_charts/status/1873858351857328157">https://twitter.com/ali_charts/status/1873858351857328157</a>.
</div>
</figure>
Martinez also observed the converging Bollinger Bands on XRP's daily chart, indicating a sharp price movement could be on the cards.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Bollinger Bands are squeezing on the <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> daily chart, indicating a big price movement is underway! <a href="https://t.co/CvxomYnH5E">pic.twitter.com/CvxomYnH5E</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1873763728413344029?ref_src=twsrc%5Etfw">December 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed analyst, Javon Marks, joined the bullish optimism, drawing comparisons to the 2017 bull market.
"XRP&#8217;s current 3-day timeframe is currently looking extremely similar to that 2017 run, even more so, and prices right now may only be getting ready to come out of an &#8216;intermission phase&#8217; before yet another &#8216;groundbreaking&#8217; bullish rally," Marks remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a>&#39;s Current 3 Day Timeframe is currently looking extremely similar to that 2017 Run even more so and prices right now may only be getting ready to come out of an &#39;Intermission Phase&#39; before yet another &#39;groundbreaking&#39; bullish rally! It may be time to strap in&#8230; <a href="https://t.co/MwtXddA7Ad">pic.twitter.com/MwtXddA7Ad</a>
&mdash; JAVON&#x26a1;&#xFE0F;MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1873901685992808762?ref_src=twsrc%5Etfw">December 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> &#8216;Pharma Bro&#8217; Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor</a>
Why It Matters: A handful of other technicals supported XRP's rally in the days ahead. The popular Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, flashed a "Buy" signal, <a href="https://in.tradingview.com/symbols/XRPUSD/technicals/">according </a>to TradingView.
The Commodity Channel Index, which measures the difference between the current price and the historical average price, also signaled "Buy" for the fourth-largest cryptocurrency.
The Relative Strength Index, though, was still "Neutral," suggesting balance between bullish and bearish market forces.
Price Action: At the time of writing, XRP was exchanging hands at $2.02, down 2.92% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. The coin has been one of the biggest gainers of 2024, surging 227% year-to-date.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42729068/donald-trumps-9-9-million-crypto-portfolio-over-50-growth-since-september-how-many-cryptocurrencies-does-trump-own">Donald Trump&#8217;s $9.9 Million Crypto Portfolio: Over 50% Growth Since September – How Many Cryptocurrencies Does Trump Own?</a></li>
</ul>

$XRP

XRP Poised For 450% Upside, Says Analyst, As Coin Shows 'One Of The Most Promising Setups' Heading Into 2025

The Federal Deposit Insurance Corporation and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) are heading toward a critical Jan. 10 deadline over new compliance measures affecting the asset manager&#8217;s holdings in U.S. banks, marking a significant development in the ongoing debate over institutional investor influence in the banking sector.
What Happened: The FDIC is pushing BlackRock, which manages $11.5 trillion in assets, to accept enhanced oversight requirements when it owns more than 10% of FDIC-supervised banks&#8217; shares, the Financial Times <a href="https://www.ft.com/content/1d559e21-66b6-4a50-8177-6b0daefaf7a1">reported</a>, citing sources. 
This move follows competitor Vanguard&#8216;s recent agreement to broader FDIC oversight and expanded passivity agreements covering banks within larger holding companies.
BlackRock&#8217;s stakes in 39 U.S. community and regional banks exceed the 10% threshold, triggering regulatory concern. In an October comment letter, BlackRock strongly opposed the proposal, arguing it would &#8220;harm investors, disrupt the flow of capital to the economy, and undermine the efficacy&#8221; of existing regulations.
In its iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>), BlackRock&#8217;s largest banking holdings are in JPMorgan Chase &amp; Co, Bank of America Corp, and Wells Fargo &amp; Company.
BlackRock and FDIC did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42735623/trump-backed-platforms-pick-years-chart-topper-6-new-cryptos-added-to-grayscales-top-20-list-with-growth-potential-in-q1-2025">Trump-Backed Platform&#8217;s Pick, Year&#8217;s Chart Topper: 6 New Cryptos Added To Grayscale&#8217;s &#8216;Top 20&#8217; List With Growth Potential In Q1 2025</a>
Why It Matters: The conflict reflects growing regulatory scrutiny of major asset managers&#8217; influence over the financial sector. Harvard law professor John Coates, in his 2023 book &#8220;The Problem of Twelve,&#8221; warned about the unprecedented concentration of voting power, noting that major index funds together <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38051183/could-3-powerful-fund-managers-take-control-of-us-banks">control over 20% of S&amp;P 500 companies&#8217; votes</a>.
FDIC director Jonathan McKernan has emphasized the necessity of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38051183/could-3-powerful-fund-managers-take-control-of-us-banks">robust compliance measures</a>, particularly as passive investment giants like BlackRock, Vanguard, and State Street Corp. continue to expand their holdings through index funds.
While BlackRock proposed alternative passivity agreements in December, these fell short of the compliance measures Vanguard accepted. The FDIC&#8217;s January deadline comes as the agency anticipates new leadership following the upcoming administration change.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42735573/two-magnificent-7-giants-snubbed-in-dan-ives-top-10-tech-winners-for-the-ai-revolution-into-2025-but-palantir-salesforce-and-snowflake-made-the-cut">Palantir, Salesforce, And Snowflake Made The Cut, But 2 &#8216;Magnificent 7&#8242; Giants Left Out From Dan Ives&#8217; Top 10 Tech Winners For The AI Revolution In 2025 List</a></li>
</ul>
Image via Blackrock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

iShares Dow Jones US Financial Sector Index Fund

BlackRock Faces Jan. 10 Deadline For Compliance Over Bank Stakes As FDIC Scrutinizes Investor Power: Report

Oppenheimer analyst Leland Gershell maintained a Buy rating on Viridian Therapeutics (VRDN – Research Report) today and set a price target of $28.0...

Viridian Therapeutics (VRDN) Gets a Buy from Oppenheimer

RBC Capital analyst Gregory Renza raised the firm's price target on Viridian Therapeutics (VRDN) to $47 from $44 and keeps an Outperform rating on ...

Viridian Therapeutics price target raised to $47 from $44 at RBC Capital

In a report released yesterday, Joseph Thome from TD Cowen maintained a Buy rating on Viridian Therapeutics (VRDN – Research Report), with a price ...

TD Cowen Remains a Buy on Viridian Therapeutics (VRDN)

Viridian Therapeutics: A Clearer Picture Emerges (Rating Upgrade)

Leerink Partners analyst Thomas Smith has maintained their bullish stance on VRDN stock, giving a Buy rating yesterday. Thomas Smith's rating is ba...

Buy Rating Reaffirmed for Viridian Therapeutics: Promising Phase 3 Results for Veligrotug in TED Treatment

Wondering which stocks are trending today? TipRanks has calculated which stocks have received the greatest number of new ratings from analysts and ...

Top 3 Trending Stocks, According to Analysts – 12/18/2024

Viridian Therapeutics: Veligrotug De-Risked In TED With Hints Of Differentiation

Wells Fargo downgraded Viridian Therapeutics (VRDN) to Equal Weight from Overweight with a price target of $27, down from $37. The firm says its th...

Viridian Therapeutics downgraded to Equal Weight from Overweight at Wells Fargo

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

Micron downgraded, Block upgraded: Wall Street's top analyst calls

Viridian: Positive Chronic TED Data Likely To Lead To BLA Filing In Second Half Of 2025 (Rating Upgrade)

AMGN

ARGX

BIIB

CRWD

IONQ

NBIX

NEOG

VRDN

WFRD

Press Releases

Viridian Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Viridian Therapeutics to Webcast VRDN-001 Phase 3 THRIVE Topline Results on September 10, 2024

Viridian Therapeutics Announces Positive Topline Results from Veligrotug (VRDN-001) Phase 3 THRIVE Clinical Trial in Patients with Active Thyroid Eye Disease

Comments

Viridian Therapeutics

Noticias

Últimas noticias sobre Viridian Therapeutics (NASDAQ:VRDN) Bolsa

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL