(Reuters) – China’s Nio Inc posted a better-than-expected loss and posted a slower delivery pace for its electric vehicles (EV) in the current quarter, sending its USListed stocks fell 7% in expanded trading

Nio, manufacturer of the electric sport utility vehicles ES8 and ES6, expects deliveries of 20 in the first quarter000 to 20500 vehicles – an increase of 15% to 18% over the fourth quarter

However, the forecast is slower than the 42% growth reported between the third and fourth quarters, in line with the seasonal slowdown in overall auto sales in China

Last April, Nio received a $ 1 billion cash injection from the Chinese government, which has also helped the company tame recalls and curb falling sales

It lags behind Tesla Inc, which dominates the EV market in China, and is also facing competition from domestic competitors like Xpeng Inc

The company shipped on January 7th225 vehicles and last month 5578 units as China’s manufacturing activity grew at the slowest pace in nine months due to weak overseas demand and the coronavirus flare-up

“We want to be more conservative for the first half of this year,” said William Li, CEO of Nio, in an analyst meeting, citing the limitations of battery suppliers and a global semiconductor shortage that has plagued most automakers

“We’re pretty confident about demand for the second half of this year, but we don’t have full visibility yet,” he said

Li also said the company could launch a mass-market car without offering details. Nio launched its first sedan model, the ET7, in January

Nio shares rose more than ten-fold over the past year, with market cap beating Detroit automakers Ford and General Motors as China led the global auto industry’s recovery from the pandemic, with the stock’s close on Monday Year but only increased by 2%

A net loss of 1 49 billion yuan ($ 230 million) was reported in the fourth quarter, compared to the average analyst estimate for a loss of 757 million yuan on refinitive data

(Reporting by Ankit Ajmera and Akanksha Rana in Bengaluru, Yilei Sun in Beijing; Editing by Amy Caren Daniel, UttareshV and Lincoln Fest)

A January outbreak in the 60s failed about two weeks ago and dropped NIO into an interim correction

Those who track the stocks of electric vehicles in the market, or simply keep an eye on billionaire Elon Musk’s businesses, likely remember when Tesla shares started rising in August 2020 before a

Vegan food and beverage maker Havre Global AB, perhaps best known for its oat dairy product Oatly, signed a deal with coffee chain Starbucks Corporation (NASDAQ: SBUX) just days after confirming plans to go public : Havre Global of Sweden said on February 24 that it will list its inventory Investors who are waiting on the sidelines for more details on the IPO and confirmation of the real dairy substitute market size may have answered their questions, Starbucks confirmed on Monday that all dealings throughout Land will offer guests the option to add Oatly’s non-dairy milk substitute starting Tuesday. The oat milk may be included in all Starbucks spring menu options Related Link: BMO Says Starbucks is a “Reopening Beneficiary” Upgrades to Outperformance Why It Matters: Oatly’s ultimate growth prospects may depend on its ability to attract new customers to its products in coffeeshops like Starbucks, according to CNBC, and potential customers interested in trying Oatly may not be ready to buy a whole carton At Starbucks, however, paying at the grocery store would pay a small surcharge to try in a coffee. Regardless of the potential for attracting new customers for further growth, oat milk sales rose more than 170% in the 52 weeks through February 13 , 2020 compared to last year, according to CNBC What’s next? Oatly IPO details are expected to be unveiled to the public in the coming weeks and the company could aim for a valuation of $ 10 billion in an eventual listing. More information from Benzinga Click here for BenzingaBMO’s option deals Starbucks Is A “Reopening Beneficiary” According To Starbucks Upgrades to Outperform © 2021 Benzingacom Benzinga does not offer investment advice. All rights reserved

With the business potentially at an important milestone, we thought we’d take a closer look at Lumen Technologies

Alex Smith is leaving Washington Football Team, but the San Francisco 49ers shouldn’t be the team to sign him

In 2014, Tesla Inc (NASDAQ: TSLA) demonstrated battery swapping, a process where a Tesla driver could pull in with a dead battery and remove the battery and replace it with a fully charged unit in less time, to fill a tank with gas, however, this was the last time the company demonstrated and the idea was scrapped.Rival Nio Inc – ADR (NASDAQ: NIO) is currently offering owners in China the option to swap batteries as reported by Electrek According to data provider Tianyancha, Tesla China’s corporate registry recently added “selling battery swap equipment for new energy vehicles,” wrote CnEVPost. Tesla was quick to deny those rumors, while the company doesn’t believe that Replacing batteries is a viable solution to increasing the utility of electric vehicles, according to the Nac Shine, a Tesla official, believes that charging electric vehicles is the best way to power his vehicles, and swapping batteries has problems with the gasoline-gas attitude: while it may be faster, swapping batteries seems more Taking Risks Than Just Plugging In If a person drives to a station with no batteries charged, the same problem arises while waiting for a charge. Battery degradation is another problem as customers may not want a battery that may be from A previous user was abused or mistreated and with the small likelihood of a problem occurring during the exchange, the cost and inconvenience could be massive Click here to read the latest electric vehicle news at Benzinga’s EV Hub Photo courtesy of Tesla More information from BenzingaK Click here for option deals from BenzingaVideo: Tesla Semi Spotted In The Wild, Silent The Tesla Model 3 can retain resale value better than any other vehicle © 2021 Benzingacom Benzinga does not offer investment advice All rights reserved

China’s annual parliamentary session will set a course for economic recovery and propose a five-year plan to avert stagnation as strategic rivalry with the United States drives a shift towards reliance on consumption and indigenous technology Publish five-year plan, a draft for 2021-2025 that will accelerate reforms to unleash new growth drivers and make the economy more innovative China could also carry out electoral reforms in Hong Kong, where Beijing, after months of unrest in 2019 since the introduction of national security laws in last year increased its influence

What happened? Chinese electric vehicle NIO (NYSE: NIO) stocks rose Monday after reports that the CEO confirmed plans to enter the European market later this year from 10:15 a.m.

Stocks of Inovio Pharmaceuticals Inc (NASDAQ: INO) are in after-hours trading in response to multiple catalysts lower REVEAL 1 Study Shows Mixed Results in Cervical Dysplasia: Inovio said a pivotal REVEAL 1 phase 3 study on VGX -3100 in the treatment of high-grade precancerous cervical dysplasia caused by HPV-16 and / or HV-18 met among all the primary and secondary endpoint evaluable subjects The study is one of the two ongoing pivotal studies in which the safety, tolerability and efficacy of VGX-3100 in the treatment of HPV 16/18 Associated High Grade Squamous Cell Lesions of the Cervix using the Company’s proprietary Cellectra 5PSP device, with the modified intention of treating the population, the study met the primary endpoint of histopathological regression of HSIL in combination with virological clearance with statistical significance All secondary For the intention to treat a population that includes all randomized subjects regardless of the availability of endpoint data, the percentage of subjects who met the primary endpoint was not statistically significant in terms of safety That there were no treatment-related serious adverse events and most adverse events resolved themselves, Inovio said it will continue to follow subjects in REVEAL 1 for safety and longevity of response for 18 months after the last administration, while the REVEAL 2 trial is currently being enrolled more View Income On INO Link: Attention Biotech Investors: Mark Your Calendar For March PDUFA Dates Beat Inovio’s Fourth Quarter Estimates: Inovio reported fourth quarter sales of $ 5.6 million in 2020 versus 279$ 000 in the same quarter last year Analysts estimated revenue averaged $ 111 million. Net loss for the quarter was $ 243 million, or 14 cents per share, compared to a loss of $ 377 million, or 38 cents per share, for the year-ago quarter Consensus had called for a loss of 22 cents per share as of Dec. As of December 31, 2020, cash and cash equivalents and short-term investments were $ 4116 million compared to $ 895 million as of Dec. 31, 2019 Coronavirus Vaccine Update: Inovio announced that it has completed the enrollment of 400 subjects in the Phase 2 segment of the INNOVATE Phase 2/3 study, which includes the INO-4800 DNA vaccine against SARS -CoV-2 being evaluated The company is also evaluating the effects of newly circulating strains of SARS-CoV-2 virus on the immune profile of the INO-4800 vaccine. Next-generation Pan-COVID vaccine candidates are also being developed that target the known and possibly unknown SAR-CoV-2 variants could be tailored In after-hours trading, Inovio shares fell 51% to $ 1100 The stock closed the regular session 4 higher5% For more information on Benzinga, click here for Benzinga’s option tradesThe Week Ahead In Biotech ( Feb 28 March 6): KemPharm, Gilead FDA decisions and more revenue The daily biotech impulse: Bausch calls for truce with Icahn, Pfizer’s encephalitis vaccine receives priority review, BriaCell IPO © 2021 Benzingacom Benzinga does not offer investment advice All rights reserved

I see this as an excellent long-term opportunity and believe that we will consider today’s prices as a gift

Europe is buying electric vehicles at record speed, overtaking China as the world’s largest electric vehicle market, but some fear the trend will be short-lived

Penny stocks to buy with price targets of up to 168% according to analyst Maxim Group & HC. Wainwright After the extreme volatility in the stock markets last week (Sept.022021 – 26022021) is blood in the water, which has left investors’ & traders on an uncertain footing. Nearly every market sector pulled back as interest rates, economic growth, incentives and, of course, coronavirus cases were in the public spotlight on Monday Jan. March 2021, the market opened strongly and stayed true to the wild volatility for which it has become known.March 2021 begins providing clarity for traders & investors on key & topics on Saturday March 27th02In 2021, the FDA granted emergency approval for Johnson’s third Covid-19 vaccine & Johnson (NYSE: JNJ) This single vaccine has been marketed in the United States and offers the public a new and third choice for a Covid-19 vaccine.In addition, over the weekend the House passed President Biden’s Covid-19 Aid Package, which is now being voted on in the Senate Seems to be responding positively to these events. Many Wall Street Bulls have supported the continued growth of the market. The Omaha Oracle, Warren Buffett, said this in his annual letter over the weekend: “Despite some serious disruptions, our country’s economic progress has been staggering, Our steadfast Bottom Line: Never Bet Against America “Warren Buffett’s words seem to have caught on in the analyst community as well, with a slew of new ratings and target changes slated to begin in March. Among those analysts is HC. Wainwright and Maxim have just released new predictions for several penny stocks to begin the final month of the first quarter of 2021 According to analysts, these are the top 3 penny stocks to buy right now: Super League Gaming Inc (NASDAQ: SLGG) ReWalk Robotics Ltd (NASDAQ: RWLK) Fortress Biotech Inc (NASDAQ: FBIO) Penny Stocks for Sale [According to Maxim Group]: Super League Gaming (NASDAQ: SLGG) On 1 In March 2021, Maxim Group initiated coverage of Super League Gaming (NASDAQ: SLGG) and gave the company a buy rating.The company also set a target price of $ 6 on the Penny Stock, indicating a possible upward movement of 91% from the closing price on Friday (26022021) suggests Will Super League stock manage to hit those highs? Esports has been a fast-paced and huge growth sector.Instead of teaming up or developing the games themselves, the Super League has taken a different approach to providing video game-derived entertainment as well as & media distribution for the esports community The Super League recently partnered with with Harena Data Inc To Produce and Distribute Video Games and Esports Entertainment [Read More] How To Buy Penny Stocks In 2021 “Harena Data is one of the best kept secrets in video games and sports. They have an impressive array of initiatives aimed at bringing esports and gameplay together “Super League Gaming Chief Commercial Officer Matt Edelman,” commented in February’s press release. In addition to Maxim Group’s optimistic analyst rating for these penny stocks, major financial institutions are also behind Penny stocks advised Both Nomis Bay Ltd and 3i, LP recently announced stakes in ReWalk Robotics Ltd at the end of February 2021 (NASDAQ: RWLK) Can I buy a penny stick [According to HC. Wainwright] Today (01032021), H.C. Wainwright increased his $ 250 target price to $ 3 50 for Penny Stock ReWalk Robotics Ltd. (NASDAQ: RWLK) The company currently maintains a buy rating for this Penny stock, although the analyst’s forecast is “only” 32% above its closing price on Friday (Jan.022021) ReWalk has been in good shape lately thanks to a number of key developments including a $ 40 million capital increase The company intends to use the net proceeds for development activities on its ReStore and Personal 60 devices, ReWalk also said it intends to get coverage through third party payers and CMS for its ReWalk Personal device and commercialize its new product lines added through distribution agreements.Other uses of the proceeds include R&D for its lightweight exo-suit technology for potential personal health at home use for multiple indications and designs Future Generations for its Spinal Cord Injury Device Obviously, an increase in that size cannot be ignored, and as it moves toward certain development goals, Penny Stock ReWalk Robotics could see a big surge as early as 2021, with Top Penny Stocks to Buy from Fortress Biotec h Inc (NASDAQ: FBIO) [According to HC. Wainwright] One of the biotech penny stocks we talked about a lot was Fortress Biotech Inc (NASDAQ: FBIO) This biotech penny stock company founded several other publicly traded companies. If you look at Fortress Biotech, you also need to consider its affiliates as they indirectly influenced the dynamics at Fortress [read more] Robinhood Penny Stocks are trending, but are these 5 one buy this week? Late last week, HC. Wainwright reiterated its Buy recommendation for this penny stock.The company has set a target price of $ 10 on Fortress, which is a projected upward trend of 168% from Friday’s closing price (Jan.022021) suggests whether or not this will be achieved depends heavily on the company itself H.C.Dawson James raised its target price from $ 16 in early February to $ 21, holding the highest forecast for Fortress between the two companies, but March also begins with news from a Fortress affiliate Checkpoint Therapeutics, Inc (NASDAQ: CKPT) announced the formation of an independent scientific advisory board to be built with leaders in immunotherapy, lung and skin cancer “We are honored to have the opportunity to work with such a distinguished group of clinical and scientific leaders Collaborate on developing our pipeline products, including cosibelimab in our early skin and lung cancer indications and CK-101 in lung cancer to help identify new development opportunities, ”said James F Oliviero, President and Chief Executive Officer of Checkpoint Penny Stocks & Analyst Ratings Will all penny stocks with bullish analyst ratings go up? No, but when it comes to these penny stock ratings and targets, it should be an indicator that these penny stocks may require more research. Do your own due diligence before investing or trading and see if you can too Coming the same bullish or bearish outcome as these analysts, in this case, these latest ratings for the aforementioned 3 penny stocks seem to resonate with the market as we start March 2021 Photo by energepiccom of Pexels See More from Benzinga, click Here For Option Trades From BenzingaWill Hawaii Pass A Psilocybin Legalization Bill? Senator Chang makes a strong argument6 Catalysts Bank stock investors should be careful in 2021 © 2021 Benzingacom Benzinga does not offer investment advice All rights reserved

Hermilo Jazmines played golf at East Lake Woodlands Country Club, where authorities found him dead in the pond

General Motors is Stock Of The Day as it unveils an ambitious line of electric vehicles, even if a chip shortage slows production. GM stock soared, triggering buy signals

Gold markets initially tried to rebound on Monday and broke above the USD 1750 level during Asian trading, however, we have since returned all gains

Asian stocks fell and European stock futures fell on Tuesday as a senior Chinese official voiced concerns about the risk of asset bubbles in overseas markets and a recent bond market sell-off still weighed on investor sentiment on MSCI’s broadest index for stocks Asia Pacific outside Japan slipped 33%, giving up early gains Japan’s Nikkei lost 085% as some investors posted gains on defensive energy and utility stocks before the end of fiscal this month

Gold prices fell on Tuesday as the stronger dollar, rising U to their lowest level in 8 1/2 months Government bond yields have undermined investor appetite for the non-profitable metal.Spot gold fell 07% at 1$ 71113 per ounce by 0310 GMT after breaking 1$ 708, its lowest since Jan. June 60 fell earlier in the session The potential for higher returns is putting gold under pressure, while a stronger dollar also contributed to its decline, said Michael McCarthy, chief market strategist at CMC Markets, adding that a slight decline in the 10-year period -Returns are “too low to be counted”

Texas utility Brazos filed for Chapter 11 bankruptcy protection after collecting bills from massive outages during the February winter storm

(Bloomberg) – South Korean e-commerce giant Coupang Inc Tries to raise up to $ 3.6 billion from an IPO in New York that will be considered one of the largest Asian listings in the USSeoul-based Coupang and some existing shareholders are offering 120 million shares at $ 27-30 each, according to a report filed Monday at the high end of the range, Coupang will be worth up to $ 51 billion based on the Founded in 2010 by Chief Executive Officer Bom Kim, Coupang has grown faster than the e-commerce market in the face of fierce competition from retail conglomerates and startups.In addition, the company has aggressively expanded its delivery and logistics business, and a successful IPO would be another Windfall for SoftBank Group Corp The Japanese conglomerate invested $ 1 billion in Coupang in 2015, and its Vision Fund invested an additional $ 2 billion in 2018, increasing its valuation to around $ 9 billion, according to the SoftBank Vision Fund, upon filing on Monday own around 37% of the company’s Class A shares, the listing would be the fourth largest any Asian company has ever listed in a US Exchange and the largest since Alibaba Group Holding LtdAccording to Bloomberg’s stock market data, $ 25 billion went public in 2014. It also comes into what is expected to be a record year for Korean listings, Coupang is offering 100 million new Class A shares in the IPO, and 20 million shares will be held by existing investors Every Class A share has one vote while the Class B shares held by the Coupang founder have 29 votes Kim will hold approximately 767% of the voting rights in Coupang after graduation Kim, a Harvard University dropout, has been considering for years IPO but has so far held back so he can focus on growing the business Coupang, known as “Korea’s Amazon,” has invested in new business models, including grocery delivery and streaming services BlackRock Inc and Greenoaks Capital are also among investors in Coupang, which plans to list on the New York Stock Exchange under the symbol CPNGGoldman Sachs Group Inc, Allen & Co, JPMorgan Chase & Co, Citigroup Inc, HSBC Holdings Plc, Deutsche Bank AG, UBS Group AG, Mizuho Financial Group Inc and CLSA are working on the Bank of America Corp. offeringwho was listed as one of the underwriters on a registration document for February did not appear in filing on MondayFor more articles like this, please visit us on BloombergcomSubscribe Now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.


World News – CA – China’s Nio posted a higher than expected loss and slowed electric vehicle sales growth in the first quarter

Source: https://finance.yahoo.com/news/chinas-nio-sees-first-quarter-221141223.html