NexGen Energy FY2025 EPS Estimate Boosted by Raymond JamesJudge rejects request to sideline SJSU volleyball player
Rocket Pharmaceuticals, Inc. ( NASDAQ:RCKT – Free Report ) – Investment analysts at Leerink Partnrs increased their FY2025 earnings per share estimates for Rocket Pharmaceuticals in a report released on Monday, November 18th. Leerink Partnrs analyst M. Foroohar now expects that the biotechnology company will earn ($2.31) per share for the year, up from their previous estimate of ($2.46). The consensus estimate for Rocket Pharmaceuticals’ current full-year earnings is ($2.85) per share. Other research analysts have also issued research reports about the stock. Needham & Company LLC restated a “buy” rating and set a $52.00 price target on shares of Rocket Pharmaceuticals in a report on Tuesday. Cantor Fitzgerald restated an “overweight” rating and issued a $65.00 target price on shares of Rocket Pharmaceuticals in a report on Tuesday. JPMorgan Chase & Co. increased their price target on Rocket Pharmaceuticals from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Chardan Capital reissued a “buy” rating and issued a $62.00 price objective on shares of Rocket Pharmaceuticals in a research report on Monday, November 18th. Finally, Scotiabank started coverage on Rocket Pharmaceuticals in a research report on Wednesday, October 16th. They set a “sector outperform” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Rocket Pharmaceuticals currently has an average rating of “Moderate Buy” and a consensus price target of $51.00. Rocket Pharmaceuticals Price Performance Rocket Pharmaceuticals stock opened at $14.11 on Thursday. The stock’s 50 day moving average is $17.26 and its 200 day moving average is $19.93. Rocket Pharmaceuticals has a one year low of $12.62 and a one year high of $32.53. The firm has a market cap of $1.29 billion, a P/E ratio of -5.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.05 and a quick ratio of 6.05. Institutional Investors Weigh In On Rocket Pharmaceuticals A number of hedge funds have recently added to or reduced their stakes in RCKT. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Rocket Pharmaceuticals by 21.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,292 shares of the biotechnology company’s stock worth $61,000 after acquiring an additional 582 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Rocket Pharmaceuticals by 31.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,160 shares of the biotechnology company’s stock worth $68,000 after purchasing an additional 764 shares in the last quarter. Values First Advisors Inc. purchased a new stake in shares of Rocket Pharmaceuticals in the third quarter worth approximately $108,000. SG Americas Securities LLC bought a new position in shares of Rocket Pharmaceuticals in the third quarter valued at approximately $113,000. Finally, XTX Topco Ltd purchased a new position in shares of Rocket Pharmaceuticals during the third quarter valued at approximately $286,000. Institutional investors and hedge funds own 98.39% of the company’s stock. Rocket Pharmaceuticals Company Profile ( Get Free Report ) Rocket Pharmaceuticals, Inc, together with its subsidiaries, operates as a late-stage biotechnology company that focuses on developing gene therapies for rare and devastating diseases. It has three clinical-stage ex vivo lentiviral vector programs for fanconi anemia, a genetic defect in the bone marrow that reduces production of blood cells or promotes the production of faulty blood cells; leukocyte adhesion deficiency-I, a genetic disorder that causes the immune system to malfunction; and pyruvate kinase deficiency, a rare red blood cell autosomal recessive disorder that results in chronic non-spherocytic hemolytic anemia. Further Reading Receive News & Ratings for Rocket Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter .NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global social networking market size is estimated to grow by USD 238 from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 19.96% during the forecast period. Increased internet penetration is driving market growth, with a trend towards social media advertisements gaining traction. However, privacy concerns obstruct market growth poses a challenge. Key market players include Alphabet Inc., Automattic Inc., ByteDance Ltd., Discord Inc., LinkedIn Corp., MediaLab, Meetup, Meta Platforms Inc., Myspace LLC, Nextdoor Holdings Inc., Pinterest Inc., Quora Inc., Rakuten Group Inc., Reddit Inc., Snap Inc., Telegram Messenger Inc., Tencent Holdings Ltd., Twitter Inc., Yelp Inc., and Z Holdings Group. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Social Networking Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 19.96% Market growth 2024-2028 USD 238.4 billion Market structure Fragmented YoY growth 2022-2023 (%) 17.25 Regional analysis North America, APAC, Europe, South America, and Middle East and Africa Performing market contribution North America at 41% Key countries US, China, UK, Japan, and Germany Key companies profiled Alphabet Inc., Automattic Inc., ByteDance Ltd., Discord Inc., LinkedIn Corp., MediaLab, Meetup, Meta Platforms Inc., Myspace LLC, Nextdoor Holdings Inc., Pinterest Inc., Quora Inc., Rakuten Group Inc., Reddit Inc., Snap Inc., Telegram Messenger Inc., Tencent Holdings Ltd., Twitter Inc., Yelp Inc., and Z Holdings Group Market Driver Social media advertising due to its ability to reach vast audiences through advanced targeting. Influencer marketing and partnerships amplify this reach. Key platforms include Google Play Store, Apple IOS store, Microsoft store, and social networks like LinkedIn and Facebook. Devices like smartphones, laptops, tablets, and smart TVs are common targets. Performance indicators include in-app purchases, app sales, and user engagement. B2C enterprises leverage these channels using a bottom-up approach, focusing on independent databases and consumer attitudes. Exchange rates and messaging sites also impact the business of apps. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This social networking market report extensively covers market segmentation by 1.1 Advertising- The global social networking market experienced significant growth in 2022, with advertising holding the largest market share. This trend is driven by the increasing use of social media for brand promotion and product awareness. Key developments include the integration of 5G technology for faster connectivity, data security concerns leading to advanced encryption methods, and Meta's foray into the metaverse with 3D image context. National lockdowns accelerated the shift to online communities, leading to increased engagement in areas such as theatre, sports, art, music, games, and yoga. Live streaming videos and OTT platforms gained popularity, while AI-based libraries and customized photo collages enhanced user experience. Influencer marketing thrived on Android & iOS-based platforms like Google Play Store and Apple IOS store. Smart devices, including smartphones, laptops, tablets, and smart TVs, facilitated this growth. LinkedIn continued to dominate professional networking, while in-app purchases and cloud-based apps boosted revenue. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis In the dynamic world of B2C enterprises, the Business of Apps has witnessed significant growth, particularly in the realm of social networking. With the proliferation of smartphone users, messaging sites like Facebook, WhatsApp, Telegram, Signal, and Facebook Messenger, as well as e-commerce platforms and social media giants such as Instagram, have adopted a bottom-up approach to engage users through in-app purchases and the monetization of independent databases. The S-curve function illustrates this trend, with user adoption following a steady growth pattern. However, with the increasing use of these platforms, data security concerns have emerged as a major challenge. The advent of 5G technology and Meta's foray into 3D image context further underscores the importance of this market. National lockdowns have accelerated the shift towards online communities, with users turning to social networking sites for entertainment, including theatre, sports, art, music, and games. Market Research Overview In today's digital world, social networking apps have become an integral part of our lives. With an estimated 3.6 billion users worldwide, the social networking market is a powerful platform for businesses and individuals alike. Apps like Facebook, Instagram, Twitter, and LinkedIn offer unique features that cater to various needs. For instance, Facebook and Instagram focus on personal connections and visual content, while LinkedIn is geared towards professional networking. Purcheses, ads, and sponsorships are common in this market, with companies using targeted marketing strategies to reach their audience. Consumer behavior is influenced by factors such as location, interests, and online activity. The use of data analytics and artificial intelligence enables businesses to tailor their offerings and engage with their audience effectively. The social networking market is a dynamic and ever-evolving space, with new trends and technologies shaping the way we connect and communicate. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: SOURCE Technavio MENAFN17122024003732001241ID1109004981 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Google, H&M, Stripe, and other members of the climate-focused Frontier coalition will buy $80 million of carbon credits from a firm using oil industry technology to capture paper mill emissions and another using rocks to do the same at sewage plants. While U.S. President-elect Donald Trump is expected to withdraw from a deal to cap global warming and cut support for carbon capture, companies in sectors including tech and finance continue to back efforts to remove carbon from the atmosphere. Unlike efforts to use natural solutions to lock climate-damaging emissions, for example by planting trees, many tech-heavy fixes are still at an early stage and nowhere near sucking up the billions of tons a year needed. To help bring the cost of the technologies down, Frontier agrees to buy credits from firms with technologies it believes can eventually see the cost drop to $100 a ton or less. | In the latest deals, Frontier said on Tuesday buyers had agreed to pay $48 million, or $214 a metric ton, for credits representing 224,500 metric tons of emissions between 2028 and 2030 from project developer CO280; and $32.1 million, or $447 a ton, for 71,878 tons from New Haven, Connecticut startup CREW. CO280 is bolting carbon capture and storage (CCS) technology owned by oil field services company SLB onto the smokestack at a paper mill, sucking up carbon initially captured by the trees used to make the paper. CREW, meanwhile, adds carbon-attracting limestone to water at municipal waste plants, testing CO2 levels going in and out of treatment to calculate how much was captured. It’s a version of a much-discussed process to capitalize on some rocks’ natural tendency to capture CO2. Hannah Bebbington, head of deployment at Frontier, said the two purchases reflected efforts to retrofit older industries with newer carbon technology. “We are really excited about the possibility for large industrial players to integrate carbon removal technologies and start to deliver carbon removal cheaply and at scale,” she said. —Peter Henderson, Reuters
President-elect Trump's nomination of Brendan Carr as the next chairman of the Federal Communications Commission is bringing both hope and fear to the media industry. For media executives, the hope comes in the promise of industry consolidation. Companies such as Fox Television Stations, Nexstar Media Group, Tegna and Gray Media are eager to buy more TV stations to better compete against deep-pocketed tech firms that are aggressively pursuing viewers and ad dollars. Carr is expected to support revisiting the rule on ownership of TV stations. The trepidation comes from Carr's open criticism of broadcasters and tech firms on behalf of Trump, who is famously hostile to journalists and outlets that criticize him. Carr, a Republican nominated to the FCC during Trump's first term in 2017 and again by President Biden in 2023, wrote the chapter on the FCC in the conservative policy blueprint Project 2025. During the election, he jumped on social media when Vice President Kamala Harris appeared on the Nov. 2 episode of NBC's "Saturday Night Live" to point out that the network also owed an invitation to Trump under the FCC's equal time provision. NBC obliged, giving Trump time at the end of a NASCAR race and following "Sunday Night Football." (Carr also received a public note from NBC parent Comcast congratulating him on his nomination.) Carr got the industry's attention again on Tuesday when he told Fox News that his recommendation on the Paramount Global merger with Skydance Media would consider recent accusations from Trump's camp that CBS News edited its "60 Minutes" interview with Harris to make her sound more coherent. "That news distortion complaint over the CBS '60 Minutes' transcript is something that's likely to arise in the context of the FCC's review of that transaction," Carr said. A representative for CBS had no comment on Carr's remarks. Big media companies are bracing for the possibility that he will do Trump's bidding when the president-elect threatens retribution against media outlets that are unfriendly to him. While the FCC is an independent agency that is overseen by Congress, Trump has suggested he wants to bring it under tighter White House control. During the campaign, Trump called for the agency to pull the broadcast licenses held by ABC, NBC and CBS because he was unhappy with their coverage. Carr recently said on X that he will ensure the FCC "will enforce" laws that call on broadcasters "to operate in the public interest." One station executive, who was not authorized to comment publicly, said there is active exploration within Trump's orbit about how the new administration should respond to the president-elect's belief that the media treated him unfairly during the campaign. (Some journalists are taking Trump's threats seriously. MSNBC hosts Joe Scarborough and Mika Brzezinski — former Trump friends who became harsh critics of his presidency and behavior — visited the president-elect at Mar-a-Lago to reestablish a relationship with him.) But Jeffrey McCall, a media studies professor at DePauw University, thinks Carr's remarks are "saber rattling" and doubts that the nominee would use the commission's control over the public airwaves as a political weapon. "I have a hard time believing that you could hold up some sort of merger because of what '60 Minutes' did in one broadcast over one interview," McCall said. McCall said Carr is "savvy enough to know that he can say, 'I'll take it into consideration.' " But he doesn't see the commissioner punishing a company over an editorial decision. Broadcast executives are encouraged that Carr is calling for greater regulation of the tech industry, which he outlines in a chapter he wrote for Project 2025. Carr wants tech companies to be more transparent about their algorithm changes and their decisions to block or demonetize users. "We must dismantle the censorship cartel and restore free speech rights for everyday Americans," Carr wrote on X after Trump appointed him. The stations believe they are at a disadvantage in having to following regulations not imposed on their digital competitors. Station ownership rules also hamper broadcasters as they try to compete with tech firms that are coming after more TV viewers and advertising dollars. The current rule says companies can own broadcast TV stations that reach no more than 39% of U.S. homes. The limit was set in 2004, years before streaming video started eating away at traditional TV's audience share. Media executives see this limit as antiquated in an age in which many consumers are fleeing traditional television for streaming. ©2024 Los Angeles Times. Visit at latimes.com . Distributed by Tribune Content Agency, LLC.Kaley Cuoco Isn't a Fan of Mommy-and-Me Classes: 'Wow, This Is Not For Me' (Exclusive)
Pitt volleyball star Valeria Vazquez Gomez chosen in 4th round of Pro Volleyball Federation draftOklahoma Democrats mourn Fred Harris, former US senator and presidential candidateLAS VEGAS (AP) — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. “We’re excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. “Together, we’re assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world.” Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. “The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team,” Michael Andretti posted on social media. “I’m very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!” The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti’s dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years and F1 initially denied the application despite approval from F1 sanctioning body FIA . The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they’ve already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti’s application was the only one of seven applicants to meet all required criteria to expand F1’s current grid. “General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. “Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024,” F1 said in a statement. “Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. “With Formula 1’s continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." AP auto racing: https://apnews.com/hub/auto-racing
OTTAWA — The federal government is hoping a temporary break on GST will address a 'vibecession' that has gripped Canadians, Finance Minister Chrystia Freeland said Monday. Prime Minister Justin Trudeau announced on Thursday that starting Dec. 14 the goods and services tax will be taken off a slew of items for two months to help with the affordability crunch. In a news conference on Monday, Freeland said there's a disconnect between recent good news on inflation and interest rates and how Canadians are feeling about the economy, something she said is being referred to as a "vibecession." The finance minister said the tax cut is meant to help bridge that gap and stimulate consumer spending. "One of the positive impacts of this measure is to help Canadians get past that vibecession because how Canadians feel really does have a real economic impact," Freeland said. The federal government also plans to send $250 cheques in the spring to Canadians who were working in 2023 and earned up to $150,000. Trudeau acknowledged last week that even though inflation is down and interest rates are falling, Canadians are still feeling the bite from higher prices. And while the government can't help with prices at the check out counter, it said it can put more money in people's pockets. The GST break and cash gifts are estimated to cost the federal government $6.3 billion. BMO estimates the stimulus amounts to 0.3 per cent of GDP. "That is hefty. But, it will do little to change economic behaviour, or even touch the aforementioned issues of productivity and affordability in comparison to, say, something like permanent income tax reductions," wrote BMO senior economist Robert Kavcic in a report. "In fact, when set against an incoming U.S. administration that is gearing up for a significant pro-growth policy push, it seems like energy would be better spent on measures with a more lasting impact." This report by The Canadian Press was first published Nov. 25, 2024. Nojoud Al Mallees, The Canadian Press
