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Kess raised his price target to $47 from $36, suggesting 11% upside from Tuesday's close. His price target, cut to $276 from $311, implies roughly 10% downside from Tuesday's close. "We upgrade SUN to Buy and lift our [target price] to $65 following several cash flow accretive transactions," Dounis wrote. "The January 11th transactions drive ~25% of the target price increase; the NS Acquisition drives the remaining ~75% increase." NKLA mountain 2020-07-01 NKLA since 2020 Still, the analyst's $2 price target implies the stock could surge more than 200% from here.

Persons: Morgan Stanley, Daiwa, Jonathan Kees, Kess, — Michelle Fox, Jon Tower, Chipotle, Sarah Min, Gordon Haskett downgrades Uber, Gordon Haskett, Robert Mollins, Uber, Mollins, — Jesse Pound, Colin Bristow, Bristow, Michael Tyndall, Stellantis, Tyndall, — Sarah Min, Pierre Ferragu, Lisa Su, Ferragu, Sunoco, Spiro Dounis, Dounis, Baird, Nikola, Ben Kallo, NKLA, Kallo, it's, Jessica Reif Ehrlich, Morgan Stanley's Benjamin Swinburne, Swinburne, Goldman Sachs, Eric Sheridan, Erik Woodring, Woodring, Fred Imbert Organizations: CNBC, Big Tech, Wall Street, NewStreet Research, Verizon, Daiwa, Verizon Communications, VZ, Citi, Mexican, UBS downgrades, UBS, HSBC, AMD, Research, NuStar Energy, Zenith Energy, Energy, Netflix, Bank of America, Apple Apple, Edge, Apple Locations: Seattle, Biogen, Skyclarys, Stellantis, Europe, China

☆ Bayer CEO: Food is the most taken for granted resource on Earth
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBayer CEO: Food is the most taken for granted resource on EarthCNBC sits down with Bill Anderson, CEO at Bayer, Chris Abbott, CEO at Pivot Bio, and Kees Aarts, CEO and founder of Protix, to discuss the future of food.

Persons: Bill Anderson, Chris Abbott, Kees Aarts Organizations: Bayer, CNBC

☆ Tyson is investing in insect protein
▼ + stars: | 2023-10-20 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Tyson, a major US producer of beef, pork and chicken, is betting on protein that comes from insects. “Today, we’re focused on more of [an] ingredient application with insect protein than we are a consumer application,” said John R. Tyson, chief financial officer of Tyson Foods. A business opportunity“One feature of being in the animal protein business is having to figure out … how to derive value from” waste, Tyson said. Picard helped create the Center for Environmental Sustainability through Insect Farming, a partnership between academia and industry members including Tyson and Protix. “There are more and more startups coming into the space because there’s so much demand for insect protein,” she said.

Persons: New York CNN — Tyson, Tyson, we’re, ”, John R, Kees Aarts, Aleks, hasn’t, Mars, Tyson doesn’t, “, Protix, Christine Johanna Picard, Picard, Kaan Mika, iStockphoto, ” Aarts, Reza Ovissipour Organizations: New, New York CNN, Tyson Foods, Rabobank, Indiana University – Purdue University Indianapolis School of Science, for Environmental Locations: New York, Protix, Netherlands, Springdale , Arkansas, Texas

☆ Remembering Namibia’s record-breaking 142-0 Rugby World Cup defeat
▼ + stars: | 2023-09-27 | by ( Ben Morse | ) edition.cnn.com time to read: +8 min

CNN —Namibia has always been an underdog at the Rugby World Cup. Facing host Australia in Adelaide, Namibia was beaten 142-0, the largest winning margin in Rugby World Cup history. “But what an occasion just to be at a World Cup, no matter what the score was. David Davies/PA Images/Getty Images‘What chance did we have?’Expectations were realistic amongst the Namibian squad heading into the 2003 Rugby World Cup. Christophe Simon/AFP/Getty ImagesIn the end, the margin of the defeat of 142 points was a record for a Rugby World Cup match.

Persons: Eben Izaacs, England –, Chris Latham, Tuqiri, Matt Giteau, Mat Rogers, ” Izaacs, David Davies, Jurgens van Lill –, –, “, ”, team –, Webb Ellis, ” van Lill, Latham, Stirling Mortlock, Rogers, van Lill, Izaacs, Mat Rogers –, Christophe Simon, – Izaacs, Nathan Sharpe, Kees, hasn’t, Deon Mouton, Cliff Loubser, Gerswin, we’ve, Allister Coetzee, ” Van Lill’s Organizations: CNN, Rugby, CNN Sport, Australia –, England, Namibia, Adelaide Oval, Namibian, Australia, rugby, team, Argentina, Getty, Springboks Locations: Namibia, Qatar, Botswana, Gabon, South Africa, Australia, Adelaide, Argentina, Ireland, AFP, France, Italy, New Zealand, America, England, Uruguay

☆ Nike urged to backpay garment workers ahead of annual meeting
▼ + stars: | 2023-09-11 | by ( Katherine Masters | ) www.reuters.com time to read: +3 min

The investors want Nike to provide $2.2 million in allegedly unpaid wages to more than 4,000 workers at two suppliers in Cambodia and Thailand. The investor request could add more pressure to sportswear giant Nike (NKE.N), which is set to hold its annual shareholder meeting on Tuesday. Before the factory's closure in July 2020, Violet Apparel was owned by global textile manufacturer and Nike supplier Ramatex, according to WRC. WRC alleges that Violet Apparel made clothing for Nike as a subcontractor until 2020, citing what it said was testimony from factory workers and photographs taken inside the factory. Nike said it found "no evidence to support the claims" that Violet Apparel made Nike items after 2006.

Persons: John Donahoe, Kees Gootjes, Violet Apparel, Violet, Katherine Masters, Josie Kao Organizations: Nike, Reuters, Canadian, ABN AMRO, Washington, D.C, Workers Rights Consortium, Violet, Violet Apparel, Ramatex, WRC, Apparel, Hong Seng, Thomson Locations: Cambodia, Thailand

And earlier this week, Russia targeted a Ukrainian port on the Danube River near NATO ally Romania. Now, Russia’s defense ministry has warned that ships sailing to Ukraine’s Black Sea ports will be viewed as military targets. Two thirds of the wheat that left Ukraine via the Black Sea ports went to developing countries, said Power. Russian drones attacked Ukraine's port infrastructure on the Danube river, targeting Ukrainian grain stocks and destroying storage hangars, the Ukrainian Army said. “We believe its targeting might also include attacks against civilian shipping in the Black Sea.

Persons: Barbara Woodward, Moscow’s, United Nations Linda, Thomas Greenfield, “, ”, Samantha Power, Antony Blinken, António Guterres, Bulgaria –, Power, Kees Huizinga, Huizinga, ” Katherine Brucker Organizations: CNN, United Nations, NATO, European, US Agency for International Development, UN, Romania, European Commission, Aspen Security, AP, U.S . Agency for International, Biden, Ukrainian Army, Ukraine Operational Command, European Union, Organization for Security, Cooperation Locations: Ukraine, United, Russia, Odesa, Ukrainian, Turkey, Kerch, Poland, Slovakia, Hungary, Romania, Bulgaria, West, United States, Europe

☆ Ukraine's farmers fear the worst after grain deal collapses
▼ + stars: | 2023-07-19 | by ( Max Hunder | ) www.reuters.com time to read: +4 min

Of the 60,000 tons of produce grown on Huizinga's land last year, 50,000 tons was sent abroad through the grain deal. In total, Ukraine has been able to export 33 million tons of agricultural products through the deal. Some of Ukraine's western neighbours have restricted imports of Ukrainian grain under pressure from their farmers, who said they were suffering from the added competition. Ukraine expects to harvest 44 million tons of grain this year, down from a record 86 million-ton harvest in 2021. Both Marchuk and Huizinga believe grain shipments should continue through the Black Sea even without Russia's participation in the deal.

Persons: Artem Nechai, Kees Huizinga, Huizinga, Denys Marchuk, Max Hunder, Timothy Heritage, Philippa Fletcher Organizations: REUTERS, Agricultural, Reuters, United, Ukrainian Agrarian Council, Thomson Locations: Ukraine, Cherkasy region, Russia, Netherlands, Cherkasy, Eastern, United Nations, Turkey, Russian, Groningen, Romania, Izmail

[1/5] An agricultural worker operates a tractor with a tiller in a field near the village Kyshchentsi, amid Russia's attack on Ukraine, in Cherkasy region, Ukraine May 1, 2023. Around 40 of his 350 workers have signed up to fight in the war, and the replacements he has found lack their experience. Huizinga fears this could mean a fall in grain and milk yields, and with them a drop in his income. His farm, in a village in the rolling hills and green flat plains of the Cherkasy region in central Ukraine, is not the only one losing valued farmhands to the war. Marchuk said farmers were prioritising some employees, bringing in more women workers, recruiting those people displaced by the war and by retraining other workers.

☆ Wolfgang and Helene Beltracchi fooled the art market — and made millions
▼ + stars: | 2023-02-07 | by ( Oscar Holland | ) edition.cnn.com time to read: +12 min

“The forgery was almost incidental,” Wolfgang told Fischer. “They are storytellers, together, which is why they did a lot of research,” Fischer told CNN in a video call. Wolfgang told her that he only produced pictures he considered beautiful, and he believed the owners enjoyed them as much as the art market profited from them. In 2014, Wolfgang told CBS’ “60 Minutes” that in addition to the court-imposed damages, he had settled lawsuits worth $27 million. From her conversations with Wolfgang, Fischer concluded that both of his parents were “severely traumatized” by their experiences during World War II.

Persons: Wolfgang Beltracchi, Heinrich Campendonk —, Steve Martin, Wolfgang, Helene, Heinrich Campendonk, Peter Endig, Max Ernst, Fernand Léger, Kees van Dongen, Derain, Jeannette Fischer, Fischer, ” Wolfgang, “, ”, ’, ” Fischer, Paul Hahn, Hendrick Avercamp, Christie’s, Robin Hood, hadn’t, CNN Fischer, Picasso, —, aren’t, Leonardo da Vinci’s, Salvador Mundi, Andy Warhol, Vincent van Gogh Organizations: CNN, New York Times, Der, Art, CBS, Scheidegger Locations: Halle, Germany, Hitler’s Germany, Switzerland, France, Cologne, ”, Stalingrad

☆ Tech Spending Pressures Fuel Demand for Specialized Industry Clouds
▼ + stars: | 2022-12-20 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. PREVIEWMost industry clouds began to hit the market early last year, in part sparked by demand for better healthcare data systems during the Covid-19 outbreak in 2020. Though Oracle doesn’t break out revenue from industry cloud sales, its industry cloud offerings are a “multibillion-dollar business,” Mr. Sicilia said. Microsoft last year rolled out industry clouds for retail, financial services, manufacturing, sustainability and nonprofit businesses, according to Kees Hertogh, Microsoft’s general manager for global industry product marketing. A Microsoft-developed industry cloud helped Tarrytown, N.Y.-based MVP Health Care implement a system to streamline its healthcare data, according to CIO Michael Della Villa.

☆ Rotterdam Port to house Battolyser plant for green hydrogen production
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

Companies Havenbedrijf Rotterdam NV FollowAMSTERDAM, Nov 28 (Reuters) - The Port of Rotterdam on Monday said it will help develop a 14,000 square metre factory for Battolyser Systems, a company that designs combined battery and green hydrogen production machines. "Companies in the port are already actively working on projects regarding production, imports, shipping, storage and use of green hydrogen," port CEO Allard Castelein said in a statement. "With this factory we add green hydrogen equipment manufacturing to that portfolio." The idea is that during the day, when electricity from wind and solar power is cheap and abundant, the battery will charge and convert power to hydrogen. With many Dutch companies seeking to replace natural gas with hydrogen, demand for electrolysers is expected to rise.

☆ The Disney CFO Who Raised Concerns About Bob Chapek Has Respect on the Street
▼ + stars: | 2022-11-25 | by ( Nina Trentmann | Mark Maurer | ) www.wsj.com time to read: +6 min

Christine McCarthy, Walt Disney Co. ’s longtime finance chief, took an unusual step when she expressed a lack of confidence in the chief executive to directors of the entertainment giant. But Ms. McCarthy had raised concerns to Disney directors, The Wall Street Journal reported earlier this week. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. Following the leadership shake-up, Disney faces a challenge to regain trust from the street and Ms. McCarthy needs to realign with her old and new chief executive Mr. Iger, analysts said. Age 67, Ms. McCarthy is likely to stay on while Mr. Iger reviews Disney’s strategy and searches for another successor to himself, analysts said.

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