Dernières nouvelles pour Lifecore Biomedical (NASDAQ:LFCR) Stock

Lifecore Biomedical

Lifecore Biomedical Inc is a fully integrated contract development and manufacturing organization (CDMO) that offers differentiated capabilities in the development, filling, and finishing of complex sterile injectable pharmaceutical products in syringes and vials. It manufactures injectable-grade Hyaluronic Acid. Lifecore recognizes revenue in two different product categories, CDMO and fermentation.

Lifecore Biomedical Inc

Piper Sandler analyst Brent Bracelin downgrades BlackLine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BL#NASDAQ">BL</a>) from Neutral to Underweight and maintains the price target from $60 to $60.

News

Downgrades

Price Target

Analyst Ratings

Piper Sandler Downgrades BlackLine to Underweight, Maintains Price Target to $60

JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), one of the largest and most innovative solar module manufacturers in the world, today announced that it has achieved a significant breakthrough in the development of its N-type TOPCon-based perovskite tandem solar cell. Independently tested by the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences, the cell achieved an impressive conversion efficiency of 33.84%, surpassing JinkoSolar's previous record of 33.24%. This achievement marks the 27th time JinkoSolar has set a world record for efficiency and power output for PV products.

JinkoSolar Achieves 33.84% Efficiency with Advanced Solar Cell Technology

Chinese stock exchanges are taking decisive action, urging major&nbsp;mutual funds to restrict stock&nbsp;sales as the nation faces a weakening yuan and volatile stock markets. This move is part of Beijing&#8217;s efforts to stabilize the economy before&nbsp;Donald Trump&nbsp;begins his second term as U.S. President.
What Happened: The yuan has fallen to its lowest level in 16 months, while the blue-chip stock index (CSI300) reached its weakest point since September, decreasing by 0.8% on Monday. The index suffered a 5% drop last week, marking its largest weekly loss in over two years. Meetings were held by the Shanghai and Shenzhen stock exchanges with foreign institutions to assure continued market openness, Reuters reported on Monday.
Three sources indicated that the exchanges have instructed at least four large mutual funds to buy more stocks than they sell, starting from the beginning of the year. This directive aims to reduce market volatility amid fears of potential tariffs on Chinese goods by the incoming U.S. administration. 
See Also:&nbsp;<a href="https://www.benzinga.com/25/01/42780776/is-apple-ready-for-a-new-challenge-chinas-smartphone-subsidies-aim-to-boost-domestic-demand-giving-companies-like-huawei-the-upper-hand?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Rival Huawei, Alibaba And Others Get Boost As China Doles Out Subsidies To Smartphone Buyers</a>
Authorities have implemented various measures to bolster capital markets, including swap and re-lending schemes amounting to 800 billion yuan for stock purchases. The Central Economic Work Conference in December highlighted the stabilization of stock and property markets as a key objective for 2025.
Why It Matters: The recent actions by Chinese exchanges come on the heels of a significant rebound in Chinese stocks in 2024, following a three-year downturn. The CSI 300 index rose by <a href="https://www.benzinga.com/25/01/42789867/chinese-stocks-end-2024-in-green-after-a-3-year-retreat-franklin-ftse-china-etf-ishares-msci-china-etf-and-more-in-the-spotlight">14.7% last year,</a> while the Shanghai Composite Index increased by 12.8%. The Hang Seng Index in Hong Kong also saw a 17.7% rise, marking its first annual gain in five years. This recovery was attributed to stronger-than-expected policy support from Chinese authorities, including interest rate cuts and funding programs to boost stock buying.
Additionally, China is considering allowing the yuan to <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42473889/china-eyes-yuan-devaluation-to-counter-trumps-tariffs-will-it-work">weaken significantly in 2025 </a>to counter potential 60% tariffs on Chinese imports by the United States. This potential devaluation represents a major shift in Beijing&#8217;s currency strategy amid mounting economic pressures.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42637260/elon-musk-accused-of-bullying-republicans-to-scrap-us-china-investment-safeguards-to-protect-teslas-interests?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Accused Of Bullying Republicans To Scrap US-China Investment Safeguards To Protect Tesla&#8217;s Interests</a></li>
</ul>
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.
Image via Shutterstock

General

Chinese Exchanges Reportedly Urge Fund Managers To Limit Stock Sales As Market Braces For Trump's Return

Piper Sandler analyst Brent Bracelin downgrades ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) from Neutral to Underweight and lowers the price target from $11 to $10.

Piper Sandler Downgrades ZoomInfo Technologies to Underweight, Lowers Price Target to $10

Piper Sandler analyst Brent Bracelin upgrades Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) from Neutral to Overweight and raises the price target from $19 to $27.

Upgrades

ASAN

Piper Sandler Upgrades Asana to Overweight, Raises Price Target to $27

Brad Garlinghouse, CEO of&nbsp;Ripple Labs, reported on Sunday a significant shift in the company&#8217;s hiring and business deals since Donald Trump&#8217;s win in the November elections.
What Happened: Garlinghouse expressed his enthusiasm for the incoming administration&#8217;s potential impact on Ripple and the broader cryptocurrency market. 
He revealed that about 75% of open roles are now based in the U.S., contrasting with the last four years when the majority of the hires were from outside. Additionally, more U.S. deals were signed in the last six weeks of 2024 than in the six months before.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler&#39;s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved. Today: &#x2705;75% of Ripple's open roles are now US-based, while…
&mdash; Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1875939452226564177?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/25/01/42807182/ethereum-killer-ada-surges-25-in-a-week-as-whale-investors-pile-on-millions-worth-of-crypto">Cardano Surges 25% Over The Week As Whale Investors Pile On Millions Worth Of The &#8216;Ethereum Killer&#8217;</a>
Garlinghouse unequivocally credited the &#8220;Trump bull market&#8221; for the turnaround. He praised the incoming team, including Scott Bessent, the Treasury secretary pick, David Sacks, the "White House AI &amp; Crypto Czar," and Paul Atkins, the SEC Chair nominee.
&#8220;Say what you want, but the "Trump effect" is already making crypto great again – through his campaign, and in the administration's day 1 priorities,&#8221; Garlinghouse said.
Why It Matters: Garlinghouse&#8217;s optimism comes after a challenging period for Ripple under SEC Chair Gary Gensler.
Ripple was locked in a nearly&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40240559/xrp-outshines-bitcoin-ethereum-to-become-biggest-daily-gainer-after-judge-imposes-125m-pen" target="_blank" rel="noreferrer noopener">four-year-long legal battle</a>&nbsp;with the SEC over the status of&nbsp;XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), a cryptocurrency at the center of the company&#8217;s operations.
Frustrated with the lack of clarity around regulations, the San Francisco-based company w<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34531018/ripple-prefers-overseas-talent-shifts-80-of-hiring-due-to-regulatory-challenges">as once conducting 80%</a> of its hiring outside the U.S. at one point.
Garlinghouse <a href="https://www.benzinga.com/24/12/42382407/ripple-ceo-brad-garlinghouse-admits-204m-crypto-super-political-action-committee-wouldnt-exist-if-gary-gensler-hadnt-been-the-sec-chair">admitted that the establishment</a> of Fairshake, a crypto-focused super PAC, was a direct response to Gensler&#8217;s stifling actions against the industry.
Price Action: Meanwhile, XRP was exchanging hands at $2.40, up 0.85% in the last 24 hours, according to&nbsp;<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>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42807883/microsoft-gave-bitcoin-a-miss-but-do-you-know-one-of-tech-giants-largest-shareholders-is-massively-bullish-on-the-apex-crypto">Microsoft May Have Given Bitcoin a Miss, but Did You Know One of Its Largest Shareholders Is Betting Big on the Top Crypto?</a></li>
</ul>
Photo courtesy: Shutterstock

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

Cryptocurrency

Politics

Markets

$XRP

Ripple CEO Celebrates Trump's Crypto Influence, 75% Of New Hires In US

Piper Sandler analyst Clarke Jeffries upgrades Amplitude (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMPL#NASDAQ">AMPL</a>) from Neutral to Overweight and raises the price target from $11 to $15.

AMPL

Piper Sandler Upgrades Amplitude to Overweight, Raises Price Target to $15

Piper Sandler analyst Brent Bracelin initiates coverage on ServiceTitan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTAN#NASDAQ">TTAN</a>) with a Overweight rating and announces Price Target of $125.

Initiation

TTAN

Piper Sandler Initiates Coverage On ServiceTitan with Overweight Rating, Announces Price Target of $125

Niu Technologies ("NIU", or "the Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIU#NASDAQ">NIU</a>), the world's leading provider of smart urban mobility solutions, today provides its sales volume results for the fourth quarter and full year 2024.
<figure class="table"> 
<table>
<tbody>
<tr>
<td>4Q 2024</td>
<td>4Q 2023</td>
<td>FY2024</td>
<td>FY2023</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>China Market</td>
<td>182,333</td>
<td>110,454</td>
<td>759,094</td>
<td>600,994</td>
</tr>
<tr>
<td>International Markets</td>
<td>44,301</td>
<td>27,022</td>
<td>165,246</td>
<td>108,808</td>
</tr>
<tr>
<td>Total</td>
<td>226,634</td>
<td>137,476</td>
<td>924,340</td>
<td>709,802</td>
</tr>
</tbody>
</table>
</figure>
In the fourth quarter of 2024, the Company sold 226,634 units, including e-motorcycles, e-mopeds, e-bicycles, kick-scooters and e-bikes. The number of units sold in China and in international markets were 182,333 and 44,301, respectively.
In China, we achieved remarkable success this quarter with a 65% year-over-year growth, driven by the successful launch of new models throughout 2024 and the fulfillment of Q3 backlog orders following the implementation of new battery and electric system safety standards in late October. The new models, meticulously tailored to cater to diverse consumer segments, accounted for over 70% of Q4 sales. Notably, models such as the N-Play, NX, NT, FX, and UMAX resonated strongly with the Gen Z riders, offering cutting-edge design and features that align with their dynamic lifestyles. Meanwhile, the U1e, MT, and OT models, combining style, functionality, and safety to elevate their riding experience, were tailored to target the female riders. This strategic focus on customer-centric innovation underscores our ability to anticipate market demands and capture emerging opportunities with precision.
Overseas, the micro-mobility segment delivered exceptional performance, achieving a 65% year-over-year growth in Q4 and a 57% increase for the full year. At EICMA in November, we marked our 10th anniversary by unveiling an exciting lineup of innovative products, including dirt bikes, electric motorcycles and advanced micro-mobility solutions. Over the past decade, NIU has steadily bolstered its global brand presence, earning widespread acclaim from riders, strategic partners and key opinion leaders worldwide.
For the full year of 2024, the Company sold 924,340 units. The number of units sold in China and in international markets were 759,094 and 165,246, respectively.

In Q4, Niu Tech Sold 226.6K Units Of E-Motorcycles, E-Mopeds, E-Bicycles, Kick-Scooters and E-Bikes Vs 137.5K YoY

U.S. Treasury Secretary Janet Yellen&#8216;s strategy of relying heavily on short-term debt financing could create significant market turbulence as President-elect Donald Trump <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42777236/investors-dump-long-dated-treasury-etf-at-record-pace-ahead-of-trumps-white-house-return">prepares to take office</a>, according to financial experts and market data.
What Happened: Charles Gasparino, New York Post columnist, warned that Yellen&#8217;s approach of rolling over short-term debt instead of issuing longer-dated bonds has &#8220;masked the severity&#8221; of the federal deficit problem while potentially setting up a crisis for the incoming administration.
The Treasury Department under Yellen has shifted approximately 30% of government borrowing to short-term securities, up from 15% in 2023, according to analysis from Bear Traps Report. This strategy helped keep interest rates artificially low during Biden&#8217;s term but could backfire as these debts need refinancing at higher rates.
&#8220;Traders will demand much higher rates to issue long-term debt, which will blow out interest rates on credit cards, mortgages etc. That means recession or worse,&#8221; Gasparino wrote on X, formerly Twitter.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Side note to my column; a few weeks ago I wrote about the other ticking time bomb&#8211;Yellen papering the deficit by rolling over short term debt <a href="https://t.co/YzR4LKRTgV">https://t.co/YzR4LKRTgV</a>. It&#39;s worth noting that the severity of the debt problem has been masked because Yellen didn&#39;t issue 10-year…
&mdash; Charles Gasparino (@CGasparino) <a href="https://twitter.com/CGasparino/status/1875919713106038969?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
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Market reactions are already visible. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) saw record outflows of $5.5 billion in December, while 30-year Treasury yields surged 40 basis points to 4.80%, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42777236/investors-dump-long-dated-treasury-etf-at-record-pace-ahead-of-trumps-white-house-return">reaching their highest level</a> in over a year.
See Also: <a href="https://www.benzinga.com/25/01/42807883/microsoft-gave-bitcoin-a-miss-but-do-you-know-one-of-tech-giants-largest-shareholders-is-massively-bullish-on-the-apex-crypto">Microsoft May Have Given Bitcoin a Miss, but Did You Know One of Its Largest Shareholders Is Betting Big on the Top Crypto?</a>
Why It Matters: Ed Yardeni, president of Yardeni Research, said &#8220;Bond vigilantes are sending a loud warning message&#8221; about fiscal concerns under the incoming administration. The 10-year Treasury yield has jumped from 3.6% in September to 4.6% in late December, a 25% increase that could significantly <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">impact stock market performance</a>.
The situation presents an <a href="https://www.benzinga.com/government/regulations/24/11/42150805/trump-picks-hedge-fund-exec-scott-bessent-as-treasury-secretary-what-president-elects-choice-means-for-americas-economic-future">immediate challenge for Trump&#8217;s nominee</a> for Treasury Secretary, Scott Bessent, who will need to address both the rolling short-term debt and a federal budget deficit that has contributed to $36 trillion in <a href="https://www.benzinga.com/personal-finance/24/01/42755472/102-trillion-global-debt-the-u-s-and-china-lead-the-charge-what-you-need-to-know">total government debt</a>.
&#8220;Your costs explode and buyers could balk,&#8221; Gasparino cautioned, highlighting the potential double threat of higher refinancing costs and reduced market appetite for U.S. debt securities.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42807107/israel-englanders-millennium-management-cuts-nvidia-stake-buys-10x-more-of-this-chip-stockwhats-brewing-in-the-70-billion-hedge-fund">Israel Englander&#8217;s Millennium Management Dumps Nvidia, Loads Up On Broadcom — Here&#8217;s What The $70 Billion Hedge Fund Sees</a></li>
</ul>
Image via World Bank / Brandon Payne
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

iShares Trust Barclays 20+ Year Treasury Bond Fund

Janet Yellen's Short-Term Debt Strategy Sparks Warnings For Trump Administration: 'Your Costs Explode And Buyers Could Balk,' Says Expert

Macro Economic Events

Econ #s

Eurozone Services Purchasing Managers Index For December 51.6 Vs. 51.4 Est.; 49.5 Prior

HCOB Eurozone Composite Purchasing Managers Index For December 49.6 Vs. 49.5 Est.; 48.3 Prior

Germany Services Purchasing Managers Index For December 51.2 Vs. 51.0 Est.; 49.3 Prior

France Services Purchasing Managers Index For December 49.3 Vs. 48.2 Est. 46.9 Prior

Renowned short-seller Jim Chanos is warning of potential overbuilding in the data center sector, drawing parallels to the 2000 fiber optic bubble, even as tech giants Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google announce massive expansion plans.
What Happened: In a recent exchange on X, Chanos challenged industry optimism about data center growth, particularly amid the artificial intelligence boom. &#8220;I can still hear the fiber optic cable guys saying demand was &#8216;infinite&#8217; in 2000, because internet traffic was doubling every quarter (it wasn&#8217;t),&#8221; wrote Chanos, referencing his experience teaching about the WorldCom case.
The warning comes as Microsoft <a href="https://blogs.microsoft.com/on-the-issues/2025/01/03/the-golden-opportunity-for-american-ai/">plans</a> to spend $80 billion on AI-enabled data centers in fiscal 2025, with over half allocated to U.S. projects. 
Amazon is simultaneously developing its <a href="https://www.benzinga.com/24/11/42158933/amazons-ai-chip-strategy-targets-nvidias-dominance-in-data-centers">Trainium 2 AI chip to compete</a> with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in the $100 billion AI chip market, while Google has committed to significant data center investments globally, including an $850 million <a href="https://www.benzinga.com/markets/equities/24/08/40646776/google-to-invest-over-850m-in-second-latin-american-data-center-amid-global-expansion-efforts">facility in Uruguay</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I can still hear the fiber optic cable guys saying demand was "infinite" in 2000, because internet traffic was doubling every quarter(it wasn't). <a href="https://t.co/LcsZ6apfw7">https://t.co/LcsZ6apfw7</a>
&mdash; James Chanos (@RealJimChanos) <a href="https://twitter.com/RealJimChanos/status/1875740389904380163?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Internet usage was roughly doubling every year, not every quarter. So 2x annually, not 16x. See Andrew Odlyzko's fabulous papers on this subject. I teach this as part of the WorldCom (they were making the quarterly claim) case in my course.
&mdash; James Chanos (@RealJimChanos) <a href="https://twitter.com/RealJimChanos/status/1875956499090112992?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
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Chanos, who gained prominence for predicting Enron&#8217;s collapse and recently announced the closure of his hedge funds, noted that while industry experts cite various constraints on data center development, &#8220;the spending keeps increasing.&#8221; 
He referenced research showing that historical internet usage doubled annually rather than quarterly, suggesting a potential disconnect between infrastructure buildout and actual demand growth.
See Also: <a href="https://www.benzinga.com/25/01/42806852/microsoft-pauses-construction-on-33-billion-mount-pleasant-data-center-project-cites-technology-changes-and-design-re-evaluation">Microsoft Pauses Construction On $3.3 Billion Data Center Expected To Be Used By ChatGPT-Parent OpenAI For Massive Super Computer</a>
Why It Matters: Brad Johnson, a market observer, acknowledged potential overspending in the current cycle but pointed to unique constraints in data center development, including power availability and connectivity requirements. However, Chanos remained skeptical, emphasizing that despite these supposed limitations, capital expenditure continues to rise.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Everyone mentions the "constraints" but the spending keeps increasing.
&mdash; James Chanos (@RealJimChanos) <a href="https://twitter.com/RealJimChanos/status/1875981916685627406?ref_src=twsrc%5Etfw">January 5, 2025</a></blockquote>
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Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42807107/israel-englanders-millennium-management-cuts-nvidia-stake-buys-10x-more-of-this-chip-stockwhats-brewing-in-the-70-billion-hedge-fund">Israel Englander&#8217;s Millennium Management Dumps Nvidia, Loads Up On Broadcom — Here&#8217;s What The $70 Billion Hedge Fund Sees</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Short Sellers

Tech

AMZN

GOOG

GOOGL

MSFT

NVDA

Short-Seller Jim Chanos Warns Of Overbuilding Data Center Capacity, Compares AI Boom To Fiber Optic Bubble Of 2000s

Oculis Announces Positive OCS-05 Phase 2 ACUITY Trial in Acute Optic Neuritis, Met Primary Safety Endpoint and Key Secondary Efficacy Endpoints Opening Development Pathways as a Potential First-in-Class Neuroprotective Therapy
<ul>
<li>OCS-05 showed a favorable safety and tolerability profile compared to placebo</li>
<li>Achieved statistically significant results on key secondary efficacy endpoints compared to placebo, including objective structural measures of retinal thickness and visual improvement</li>
<li>IND clearance from FDA enables initiation of clinical development in the U.S as part of a global development program</li>
<li>Planning next steps for OCS-05 as a potential first-in-class neuroprotective therapy for acute optic neuritis, while evaluating potential expansion into neurodegenerative diseases in ophthalmology and neurology</li>
<li>Company to host investor and analyst webcast on January 6, 2025, at 8:00am Eastern Time</li>
</ul>

Oculis' OCS-05 Reveals Phase 2 ACUITY Trial Results, Setting Pathway For First-In-Class Neuroprotective Therapy In Acute Optic Neuritis

Smart Share Global Receives Non-Binding Proposal For Privatization At A 74.8% Premium From Trustar Capital

Steve Diggle, a former hedge fund manager renowned for amassing billions during the 2008 financial crisis, is making a comeback in the trading world. 
What Happened: Diggle&#8217;s family office, Vulpes Investment Management, is aiming to raise up to $250 million from investors in the first quarter of 2025. These funds will be allocated to a hedge fund and managed accounts designed to exploit market volatility, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-01-06/trader-who-made-billions-in-2008-returns-to-bet-on-market-swings">reported</a> on Monday.
Diggle, whose firm generated $3 billion between 2007 and 2008, is employing artificial intelligence to pinpoint companies in the Asia-Pacific region that are at high risk of financial instability. This tactic is part of a larger strategy to benefit from both market downturns and stable periods through strategic stock investments. Diggle&#8217;s return to volatility trading marks his most significant move since shutting down his previous firm, Artradis Fund Management Pte, in 2011.
"The number of fault lines out there today are greater, and the chances of something going wrong are significantly greater, but risk prices have come down," Diggle said.
See Also: <a href="https://www.benzinga.com/25/01/42779711/bitcoin-ethereum-dogecoin-lift-as-traders-anticipate-golden-crypto-era-under-trump-top-analyst-says-2025-will-see-bull-market-peak?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Lift As Traders Anticipate &#8216;Golden Crypto Era&#8217; Under Trump: Top Analyst Says 2025 Will See Bull Market Peak</a>
The new fund will concentrate on potential market disruptions, including stretched U.S. stock valuations and geopolitical tensions. Diggle&#8217;s team includes seasoned professionals like&nbsp;Robert Evans, who will act as the main portfolio manager. Although Diggle will not be involved in daily trading, he will provide guidance on risk management strategies for the fund.
Why It Matters: The timing of Diggle&#8217;s return to the trading arena coincides with a period of heightened market volatility and potential corrections. Recent reports indicate that U.S. stocks might be <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42612056/us-stocks-likely-heading-for-correction-amid-recent-volatility-analyst-says-but-there-are-still-a-couple-of-years-left">approaching a correction</a> due to recent fluctuations. According to experts, the stock market is showing signs of a potential correction, following a rebound after a significant selloff. The S&amp;P 500 is just 3.6% shy of its all-time high, despite a nearly 3% drop after the Federal Reserve updated its inflation and interest rate outlook for 2025.
Additionally, market expert Jay Woods has warned of a possible 10% <a href="https://www.benzinga.com/24/12/42700098/us-markets-likely-headed-for-10-correction-says-jay-woods-trumps-tariff-plans-musk-co-led-doge-could-be-partially-to-blame">correction in the equity markets</a>, pointing to factors like the growing divergence from &#8220;Magnificent 7&#8221; stocks and President-elect Donald Trump&#8217;s tariff plans. These developments underscore the potential for significant market shifts, making Diggle&#8217;s strategic return particularly noteworthy.
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/25/01/42780825/sp-500-falls-for-5th-straight-session-tesla-tumbles-greed-index-remains-in-fear-zone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">S&amp;P 500 Falls For 5th Straight Session, Tesla Tumbles: Greed Index Remains In &#8216;Fear&#8217; Zone</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

Hedge Fund Star Who Profited Big In 2008 Financial Crisis Is Betting Big On Current Market Volatility: 'Risk Prices Have Come Down'

Chinese EV startup XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and German automaker Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) are looking to jointly build a super-fast charging network in China, the companies said on Sunday.
What Happened: XPeng Inc. and Volkswagen have signed a memorandum of understanding to build a super-fast charging network aimed at expanding charging infrastructure to customers of both companies&#8217; EVs. The over 20,000 charging piles operated by the two companies across 420 cities in China will now be accessible to both players going forward,
&#8220;Combining the technological advantages in high-power liquid-cooled super-fast charging as well as the broad and complementary coverage of both parties in China, customers of both parties will have the opportunity to enjoy the superior fast charging experience across China,&#8221; XPeng said in a statement.
There is also a possibility of building co-branded charging stations in the country, it said.
Why It Matters: XPeng and Volkswagen entered into a <a href="https://www.benzinga.com/news/24/07/39875598/xpeng-and-volkswagen-partner-for-new-project-house-focused-on-ev-architecture">partnership in 2023</a> with the German carmaker picking up a <a href="https://www.benzinga.com/25/01/42758540/us-listed-chinese-ev-startups-clock-delivery-growth-in-december-li-auto-tops-the-chart-mona-m03-spurs-xpeng-nios-onvo-breaches-10000-monthly-delivery-milestone">4.99% stake in the Chinese EV startup</a>. They then said that they plan to jointly launch two Volkswagen-branded EV models by 2026 based on a platform from XPeng.
In November, XPeng also revealed its <a href="https://www.benzinga.com/news/24/11/41769517/chinese-ev-maker-xpeng-reveals-extended-range-hybrid-tech-aimed-at-foreign-markets">extended-range hybrid technology</a> aimed at regions around the globe where charging infrastructure is weak.
The system, called Kunpeng Super Electric System, will enable a car to drive over 870 miles (1,400 kilometers) with the help of both a battery and a combustion engine, allowing drivers to charge merely a few times a week, XPeng founder&nbsp;He Xiaopeng&nbsp;said at the company's AI Day event in Guangzhou.
XPeng did not reveal which vehicles the technology will be deployed into or when.
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:
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<li><a href="https://www.benzinga.com/tech/25/01/42801755/gm-overtakes-ford-ev-sales-in-q4-with-equinox-ev-sells-670-units-of-escalade-iq-priced-at-130000" target="_blank" rel="noreferrer noopener">GM Overtakes Ford EV Sales In Q4 With Equinox EV, Sells 670 Units Of Escalade IQ Priced At $130,000</a></li>
</ul>
Photo courtesy: Shutterstock

Global

VWAGY

XPEV

XPeng, Volkswagen To Jointly Build Super-Fast EV Charging Network In China

<h3>Companies Reporting Before The Bell</h3>
• Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) is estimated to report quarterly earnings at $0.84 per share on revenue of $1.89 billion. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Scheduled For January 6, 2025

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