Últimas noticias sobre Volkswagen (OTC:VWAGY) Bolsa

Volkswagen is the second-largest automotive original equipment manufacturer by vehicle sales globally, selling 9.4 million vehicles in 2023. 80% of group revenue is generated by its four vehicle segments—core (Volkswagen, SEAT, Skoda, and VW commercial), progressive (Audi, Lamborghini, and Bentley), sports luxury (Porsche), and Traton commercial vehicles (Traton, Scania, Navistar, MAN, and VW truck and bus). It also has a vehicle software business (Cariad), batteries, and power engineering production and financial services.

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El Ibex 35 cae y el sector automovilístico sufre fuertes pérdidas. Inditex reporta ganancias mientras el mercado espera el IPC de EE.UU.

¿Cómo se moverá el Ibex 35 hoy? Expectativas tras las caídas del martes

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CEO de XPeng realiza compra de acciones de la empresa, demostrando su confianza en el futuro. ¿Cómo influye esta decisión en el mercado?

¿Qué está pasando con las acciones de XPeng (XPEV) el lunes?

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Descubre por qué las acciones de las principales compañías automotrices están cayendo y cómo el coche eléctrico está alterando el mercado.

El motor europeo se toma una pausa en bolsa

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BMO Capital analyst James Thalacker maintains NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with a Market Perform and raises the price target from $88 to $90.

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Analyst Ratings

BMO Capital Maintains Market Perform on NRG Energy, Raises Price Target to $90

FBN Securities analyst Shebly Seyrafi initiates coverage on Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) with a Outperform rating and announces Price Target of $40.

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RBRK

FBN Securities Initiates Coverage On Rubrik with Outperform Rating, Announces Price Target of $40

United Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) is benefiting from upbeat air travel demand. UAL&#39;s proactive measures toward sustainability and innovation are praiseworthy. However, weakness in liquidity and increased operating expenses are hurting the company&#39;s prospects.
<h3>Factors Favoring UAL</h3>
United Airlines&#39; commitment to sustainability is commendable. The airline aims to achieve net-zero greenhouse gas emissions by 2050 and has purchased more sustainable fuel than any other U.S. airline in 2023.
In September, UAL and the San Francisco 49ers (American football team) announced that the team has become the first in the National Football League to purchase sustainable aviation fuel (SAF). An alternative to conventional jet fuel, SAF can bring down greenhouse gas emissions by up to 85% over its entire lifecycle, from production to end-use.
UAL&#39;s top line is benefiting from buoyant air travel demand. In the second quarter of 2024, United Airlines saw a 5.5% increase in Revenue Passenger Miles and an 8.3% rise in capacity, measured by Available Seat Miles. The company anticipates this positive trend will continue, with management projecting third-quarter earnings per share in the range of $2.75-$3.25. For the full year, UAL expects EPS to fall between $9 and $11.
United Airlines&#39; proactive efforts to enhance its connectivity and meet the growing demand for travel is encouraging. The airline introduced 12 new domestic routes connecting major cities across the United States and Canada. It announced nearly 200 new flights to Milwaukee and Chicago. This expansion not only benefits travelers but also strengthens United Airlines&#39; position in the competitive aviation market.
Shares of UAL have rallied 20.5% in the past year compared with its&nbsp;<a href="https://www.zacks.com/stocks/industry-rank/industry/transportation-airline-187">industry</a>&#39;s growth of 17.4% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/16/79653.jpg?v=315210470" style="height:314px; width:624px" /> 
Image Source: Zacks Investment Research
<h3>UAL: Key Risks To Watch</h3>
The surge in operating expenses is adversely impacting the company&#39;s bottom line, driven by increased labor costs and fuel expenses. In the second quarter of 2024, operating expenses surged by 3.1% year over year.
Labor costs, comprising salaries and benefits, which represent 31.4% of total operating costs, increased by 10.5% year over year. Aircraft fuel expenses rose by 11.1% year over year, pushing up the total operating costs.
United Airlines exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.77. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations. Reduced pricing power is another concern.
<h3>Zacks Rank</h3>
UAL currently carries a Zacks Rank #3 (Hold).
<h3>Stocks&nbsp;To Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks <a href="https://www.zacks.com/stocks/industry-rank/sector/transportation-15">Transportation</a> sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). You can see&nbsp;<a href="https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&amp;ICID=zpi%20_1link">the complete list of today&#39;s Zacks #1 Rank stocks here</a>. &nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 26.5% in the past year. 
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 11.8%. Shares of WAB have climbed 73.2% in the past year.
<a href="https://www.zacks.com/stock/news/2343259/here-s-why-investors-should-retain-united-airlines-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2343259">To read this article on Zacks.com click here.</a>

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Here's Why Investors Should Retain United Airlines Stock Now

Truist Securities analyst Neal Dingmann maintains Vital Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTLE#NYSE">VTLE</a>) with a Buy and lowers the price target from $66 to $48.

VTLE

Truist Securities Maintains Buy on Vital Energy, Lowers Price Target to $48

Biden Says He Spoke Sunday With Governors Whose States Affected By Hurricane Helene; We're Not Leaving Until The Job Is Done; Will Travel To Areas Affected By Helene But Not Immediately; Will Visit Affected Areas Later This Week; Reports Of 100 Dead, 600 People Unaccounted For After Helene

TD Cowen analyst Helane Becker maintains Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) with a Hold and raises the price target from $19 to $25.

TD Cowen Maintains Hold on Southwest Airlines, Raises Price Target to $25

Canaccord Genuity analyst Jason Tilchen maintains Bowlero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) with a Buy and maintains $18 price target.

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Canaccord Genuity Maintains Buy on Bowlero, Maintains $18 Price Target

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Shares of cannabis stocks are trading higher following a report suggesting that Vice President Harris wants to legalize marijuana.

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SOBRsafe shares are trading lower after the company announced it will proceed with a 1-for-110 reverse stock split.

Bill Gates, the Microsoft co-founder and one of the world&#8217;s wealthiest individuals, has spent more than $150 million on real estate over the past 30 years. Despite his goal of giving away his fortune, the former tech executive has invested in properties across the U.S., ranging from mansions to vast tracts of farmland.
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<li>This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.</li>
<li>Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a></li>
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Gates&#8217; land holdings make him the 42nd largest landowner in the U.S., <a href="https://www.benzinga.com/real-estate/24/07/39797332/bill-gates-owns-275-000-acres-of-u-s-farmland-his-answer-to-why-hes-buying-so-much-of-it-might-surpr">with 275,000 acres spread across several states</a>, according to Business Insider, which cited information from the Land Report. Most of the land – roughly 242,000 acres – is farmland, with holdings in Louisiana, Arkansas and Arizona. Gates has said that agricultural investments <a href="https://www.benzinga.com/real-estate/24/07/39797332/bill-gates-owns-275-000-acres-of-u-s-farmland-his-answer-to-why-hes-buying-so-much-of-it-might-surpr#:~:text=During%20an%20%22Ask%20Me%20Anything,productive%20and%20create%20more%20jobs.">aim to boost productivity and create jobs</a> rather than be part of a larger scheme.
However, it&#8217;s Gates&#8217; residences that show his wealth. His primary home, Xanadu 2.0, is in Medina, Washington, roughly 10 miles from Microsoft's headquarters in Redmond. The estate, assessed at $183.5 million, spans nearly 11 acres and features a 66,000-square-foot main house. The luxury property includes a heating system that adapts to individual guests&#8217; preferences and lights that automatically adjust as people move through rooms.
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Trending: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
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He owns a $15 million home in California at the Vintage Club in Indian Wells. San Diego County is home to several Gates properties, including a Del Mar Country Club home and the 228-acre Rancho Paseana, purchased for $18 million in 2014.
The billionaire&#8217;s real estate holdings include a beach house in Del Mar, California, bought for $43 million in 2020 and a lodge at the Yellowstone Club in Montana, valued at $29.4 million. In Florida, Gates has invested about $35 million in an equestrian compound in Wellington which, according to the report, serves as a training facility for his daughter, Jennifer Gates Nassar.
See Also: This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a>
According to the report, following his divorce from Melinda French Gates in 2021, many properties were transferred between trusts, making it difficult to determine the current ownership of some of the residences. Gates&#8217; property investments contrast his public statements about wealth redistribution. In a 2013 interview, he said the money had &#8220;no utility&#8221; for him beyond a certain point. Yet, the continued expansion of his real estate holdings suggests that real estate is a utility.
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Trending: This investment company boasts a 35.14% internal rate of return (IRR) for its realized projects, allowing accredited investors to<a href="https://www.benzinga.com/money/bam-capital"> earn passive returns and avoid the headaches of being a landlord.</a>
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Here is the full list of Gates' properties, according to the Business Insider report:
– Xanadu 2.0, Medina, Washington Purchased for: $34 million (1988-2009)
– Vintage Club Home, Indian Wells, California Purchased for: $12.5 million (1999)
– Del Mar Country Club Home, San Diego, California Purchased for: $3.1 million (2008)
– Rancho Paseana, San Diego, California Purchased for: $18 million (2014)
See Also: This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a>
 – Santaluz Club Home, San Diego, California Purchased for: $3.2 million (2014)
– Del Mar Beach House, San Diego, California Purchased for: $43 million (2020)
– Yellowstone Club Lodge, Big Sky, Montana Estimated value: $29.4 million
– Wellington Equestrian Compound, Palm Beach County, Florida Purchased for: $35 million
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<li>If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> would you invest in it</a>?</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Real Estate

Bill Gates Has Spent $150 Million on Real Estate – From a Seattle Mansion to 275,000 Acres of Farmland

In the current market session, ARM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stock price is at $142.22, after a 2.31% decrease. However, over the past month, the company's stock went up by 14.93%, and in the past year, by 175.77%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1727709308_0.png" alt="Past Year Chart" />

<h3>A Look at ARM Holdings P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 58.88 in the Semiconductors &amp; Semiconductor Equipment industry, ARM Holdings Inc. has a higher P/E ratio of 359.83. Shareholders might be inclined to think that ARM Holdings Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727709308_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

A Look Into ARM Holdings Inc's Price Over Earnings

Truist Securities analyst Neal Dingmann maintains Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) with a Buy and lowers the price target from $55 to $54.

VNOM

Truist Securities Maintains Buy on Viper Energy, Lowers Price Target to $54

Wells Fargo analyst Joseph O'Dea maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Equal-Weight and raises the price target from $190 to $197.

Wells Fargo Maintains Equal-Weight on Dover, Raises Price Target to $197

CSL Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CSLLY#OTC">CSLLY</a>)&nbsp;and Arcturus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCT#NASDAQ">ARCT</a>)&nbsp;announced the results of a Phase 3 head-to-head study of ARCT-154, a self-amplifying (sa-mRNA) COVID-19 vaccine, compared to Pfizer Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41089773/self-amplifying-mrna-covid-19-vaccine-demonstrates-superior-immune-response-compared-with-mrna-vac" rel="noreferrer noopener">shot Comirnaty</a>.
The study showed that the sa-mRNA COVID-19 vaccine maintained superior immunogenicity compared to the conventional mRNA vaccine Comirnaty&nbsp;for up to one year against Wuhan-Hu-1, Omicron&nbsp;BA.4-5&nbsp;and certain other variants, and at one-sixth the dose of the comparator&nbsp;(5 μg vs. 30 μg, respectively).
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39234193/arcturus-inhaled-mrna-therapeutic-in-cystic-fibrosis-study-highlights-potential-ami" rel="noreferrer noopener">Arcturus&#8217; Inhaled mRNA Therapeutic In Cystic Fibrosis Study Highlights Potential Amid Competitive Landscape: Analyst</a>.
The COVID-19 vaccine from this sa-mRNA platform targeted against the JN.1 variant is approved in Japan for immunization against COVID-19 in adults 18 years and older. It is being sold under the trade name Kostaive.
At Day 29, neutralizing antibodies (GMTs unadjusted) against the Wuhan-Hu-1 strain in ARCT-154 recipients (n = 378) were superior to those in the Comirnaty&nbsp;group (n = 374)
<ul>
<li>GMT = 5390 vs. 3738, a GMT ratio of 1.44. This advantage persisted through all time points.</li>
<li>At Day 361 (unadjusted), GMTs were 3396 and 1771 in ARCT-154 (n = 272) and Comirnaty (n = 266) groups, with a GMT ratio of 1.92.</li>
<li>Differences were also observed in responses against Omicron BA.4-5, with GMT ratios of 1.31 at Day 29 and 1.89 at Day 361.</li>
</ul>
Additional data presented by CSL and Arcturus finds that the bivalent formula ARCT-2301, developed on the same platform as ARCT-154, induces superior immunogenicity over conventional bivalent mRNA vaccine Comirnaty, which persists against key variants up to six months postvaccination.
<ul>
<li>Data from 930 participants showed that ARCT-2301 (n = 398) induced superior neutralizing antibody responses vs. Comirnaty (n = 405) against Omicron BA.4-5 (GMT ratio 1·49), and against Wuhan-Hu-1 (GMT ratio 1.45).</li>
<li>The difference persisted through six months with GMT ratios of 2.17 and 1.98, respectively.</li>
<li>Antibody responses against Omicron XBB.1.5 were also higher after ARCT-2301 vs. Comirnaty.</li>
</ul>
Price Action: ARCT stock is up 4.70% at $23.07 at last check Monday.
Image via Unsplash
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</ul>

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Large Cap

Health Care

ARCT

CSLLY

Arcturus Therapeutics/CSL Partnered COVID-19 Vaccine Surpasses Pfizer's Comirnaty Shot, Even At Lower Doses

Truist Securities analyst Neal Dingmann maintains Sitio Royalties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STR#NYSE">STR</a>) with a Buy and lowers the price target from $31 to $29.

Truist Securities Maintains Buy on Sitio Royalties, Lowers Price Target to $29

Wells Fargo analyst Donald Fandetti maintains American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) with a Overweight and raises the price target from $285 to $300.

Wells Fargo Maintains Overweight on American Express, Raises Price Target to $300

A podcaster recently shared his experience of <a href="https://www.benzinga.com/topic/charlie-munger">meeting </a><a href="https://www.benzinga.com/topic/charlie-munger">Charlie Munger</a> and having dinner with the legendary investor and former vice chairman of Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>). 
Here's the most valuable piece of advice and key takeaway from that encounter.
What Happened: Munger and investing icon Warren Buffett had a <a href="https://www.benzinga.com/news/23/07/33175542/charlie-munger-says-people-could-be-happier-if-they-did-this">long-standing friendship</a>, which continues to influence the success of Berkshire Hathaway. With Munger's recent passing, his legacy and passion for surrounding himself with exceptional people continue to shape the company. Without their chance meeting, Berkshire Hathaway might have taken a very different path.
David Senra, the Founders&nbsp;<a href="https://pod.link/founders" target="_blank" rel="noopener">Podcast</a> host, reads an entrepreneur&#8217;s biography each week and breaks it down as an episode on the podcast.
For one of the recent podcasts, Senra shared his thoughts on the book "Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth" by David Clark.
In the podcast episode, Senra mixes quotes and thoughts from the book with real-life answers he got from a dinner he had with Munger.
"I had dinner with Charlie Munger. I spent over 3 hours with him. I got to see his library. I could ask him any question I wanted," Senra <a href="https://twitter.com/FoundersPodcast/status/1638222631676551170">tweeted</a>.
While Senra shared several quotes from Munger in the book and some that he heard from Munger at dinner, he pointed to one that made the biggest impact.
"The most important lesson I learned from him that night was: GO FOR GREAT."
Senra said the quote from Munger breaks down to a combination of 4 simple ideas:
<ul>
<li>1. Charlie looks at everything through the lens of history. Human nature does not change. The same behaviors repeat forever.</li>
<li>2. Problems from time to time should be expected. This is an inescapable part of life.</li>
<li>3. Wise people do not whine about problems. They prevent them. "Wisdom is prevention."</li>
<li>4. Great businesses are rare. Great people are rare, too. Great people and great businesses produce fewer problems.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/general/education/24/08/40317667/berkshire-hathaway-stock-up-19-so-far-in-2024-how-it-stacks-up-against-warren-buffetts-averages">Berkshire Hathaway Stock Up 19% So Far In 2024: How It Stacks Up Against Warren Buffett&#8217;s Averages, S&amp;P 500</a>
Why It's Important: In the podcast, Senra adds that a big portion of people's lives is searching for their goals, and they often don't reach where they're meant to be until later in their life.
"Your mission in life is to get into a great business (and stay there) and build relationships with great people. Doing that will prevent the majority of problems that are under your control. Go for great," Senra said of Munger's four steps.
The podcaster said that most people have to start more than one company to reach their goal, including Munger.
"Munger was in his 40s before he was doing full-time what he was put on the Earth to do."
Munger became the Vice Chairman of Berkshire Hathaway in 1978 and then became the right-hand man to Buffett. The position came after a meeting between Buffett, Munger and two friends that led to the two connecting over talking about stocks.
Munger had coincidentally worked at Buffett &amp; Son, a grocery store owned by Buffett's grandfather, as a teenager.
With Munger on board, Buffett changed some of his investing principles, including his concerns about diversification. Munger was able to get Buffett to not limit himself to Benjamin Graham&#8217;s teachings.
"Buy wonderful businesses at fair prices," Munger told Buffett.
The concept was to buy businesses that throw off lots of cash, and then use the cash to invest in and buy other businesses. With Munger helping with investments, Buffett was convinced to invest in Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), a decision he may never have made without Munger&#8217;s influence.
Going for great and surrounding himself with great people helped Buffett and Berkshire Hathaway immensely, and is one of the key pieces of advice he learned from Munger along the way.
Read Next:
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<li><a href="https://www.benzinga.com/general/education/24/09/40982935/charlie-munger-was-asked-how-to-avoid-spoiling-children-when-youre-rich-warren-buffetts-longtim">Charlie Munger Was Asked How To Avoid Spoiling Children When You&#8217;re Rich — Warren Buffett&#8217;s Longtime Partner Gave His Realistic Advice: &#8216;Lose Your Fight As Gracefully As You Can&#8217;</a></li>
</ul>
This story is part of a new series of features on the subject of success,&nbsp;<a href="https://www.benzinga.com/topic/benzinga-inspire">Benzinga Inspire</a><a href="https://www.benzinga.com/topic/benzinga-inspire">.</a>
Image created using artificial intelligence via Midjourney.

Success Stories

Charlie Munger's Three-Word Rule That Guided Warren Buffett Could Help You Too

Truist Securities analyst Neal Dingmann maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Hold and lowers the price target from $46 to $38.

Truist Securities Maintains Hold on SM Energy, Lowers Price Target to $38

Wells Fargo analyst Jonathan Reeder maintains Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) with a Equal-Weight and lowers the price target from $14 to $11.5.

Wells Fargo Maintains Equal-Weight on Hawaiian Electric Indus, Lowers Price Target to $11.5

Republican Senator Rand Paul was busy last week.
What Happened: In addition to <a href="https://www.benzinga.com/markets/cannabis/24/09/41071961/gop-senator-rand-paul-proposes-tripling-hemp-thc-cap-as-industry-faces-pressing-challenges">introducing a measure</a> that aims to relax federal constraints on <a href="https://www.benzinga.com/topic/hemp">hemp</a> by tripling the allowable THC content from 0.3% to 1%, he also proposed a cannabis-related bill.
The Clean Slate Act would allow individuals convicted of simple drug possession and other low-level, nonviolent crimes involving marijuana to request record sealing. That's for offenses that aren't eligible for automatic relief.
<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/2024/09/30102745/ccc-oct-24-banner__1_-47.gif" alt="" class="wp-image-572617" /></a></figure>
The newly introduced measure is a companion bill to a <a href="https://www.congress.gov/bill/118th-congress/house-bill/2930/cosponsors?q=%7B%22search%22%3A%5B%22congressId%3A118+AND+billStatus%3A%5C%22Introduced%5C%22%22%5D%7D&amp;r=59&amp;s=1">House version</a>, filed in 2023, by Reps. Lisa Blunt Rochester (D-DE) and Nancy Mace (R-SC). That bill didn't make it to the floor, as <a href="https://www.marijuanamoment.net/federal-marijuana-and-drug-convictions-would-be-automatically-sealed-under-new-bipartisan-senate-bill/">highlighted</a> by Marijuana Moment's Kyle Jaeger.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39675424/new-bipartisan-bill-proposes-expungement-for-federal-cannabis-misdemeanor-offenses">New Bipartisan Bill Proposes Expungement For Federal Cannabis Misdemeanor Offenses</a>
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Why It Matters: The bipartisan legislation from Paul and his Democrat colleague U.S. Senator Bob Casey "would grant millions of Americans the opportunity for a second chance at life by automatically sealing federal arrest records for individuals not convicted and those convicted of low-level, nonviolent drug offenses after completing their sentence."
The legislation also seeks to set up procedures enabling individuals to "petition a federal district judge to review and potentially seal records for other nonviolent offenses that are not automatically sealed."
"This legislation will ensure that parents, workers, and families who have successfully completed their sentence can build successful lives that are unburdened by minor, nonviolent criminal histories," Casey said in a <a href="https://www.casey.senate.gov/news/releases/casey-paul-introduce-bipartisan-legislation-to-seal-records-of-low-level-nonviolent-offenses">press release</a>.
On the state level, legislative efforts to give a second chance to such individuals are numerous, including pushes from <a href="https://www.benzinga.com/markets/cannabis/23/06/32820296/minnesota-begins-process-of-clearing-cannabis-convictions-as-promised-by-legalization-law">Minnesota</a>, <a href="https://www.benzinga.com/markets/cannabis/23/06/32678860/colorado-gov-polis-and-california-senates-reforms-in-cannabis-related-employment-protections">Colorado</a>, <a href="https://www.benzinga.com/markets/cannabis/22/12/29993389/connecticut-gov-lamont-to-erase-44-000-low-level-cannabis-possession-convictions">Connecticut</a> and <a href="https://nyassembly.gov/Press/?sec=story&amp;story=106403">New York</a>, to name a few.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/23/12/36202166/100-000-marijuana-related-convictions-expunged-in-missouri-ny-gov-rejects-hemp-seed-in-animal-fe">100,000 Marijuana-Related Convictions Expunged In Missouri, NY Gov Rejects Hemp Seed In Animal Feed And More Updates</a></li>
</ul>

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GOP Senator Leads Bipartisan Effort To Seal Low-Level Marijuana Possession Records, Providing 'Second Chance'

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