CytomX Therapeuticsの空売り状況は、投資家がCytomX Therapeuticsの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

CytomX Therapeutics (NASDAQ:CTMX) 株価情報, 空売り情報

CytomX Therapeutics

CytomX Therapeutics Inc a clinical-stage, oncology-focused biopharmaceutical company developing novel, masked, conditionally activated biologics designed to be localized to the tumor microenvironment. It is engaged in developing antibody therapeutics based on probody technology platforms. The company's probody technology platform creates proprietary cancer immunotherapies against clinically-validated targets and develops cancer therapeutics. Probody therapeutics are designed to take advantage of conditions in the tumor microenvironment to enhance the tumor-targeting features of an antibody and reduce drug activity in healthy tissues.

CytomX Therapeutics Inc

Truist Securities analyst Lucas Servera initiates coverage on Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold rating and announces Price Target of $160.

News

Price Target

Initiation

Analyst Ratings

LSTR

Truist Securities Initiates Coverage On Landstar System with Hold Rating, Announces Price Target of $160

Management

CIBC Says Victor Dodig Plans To Retire As President And CEO, Effective October 31, 2025; Harry Culham Named As COO, Effective April 1 And To  Succeed Dodig As CEO, Effective November 1

Truist Securities analyst Lucas Servera initiates coverage on Expeditors International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>) with a Hold rating and announces Price Target of $110.

EXPD

Truist Securities Initiates Coverage On Expeditors International with Hold Rating, Announces Price Target of $110

On Thursday, the finnish multinational telecommunications company Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) disclosed that Vodafone Idea Limited (VIL) has chosen the company to enhance and expand its <a target="_blank" href="https://www.nokia.com/about-us/news/releases/2025/03/13/nokia-selected-to-upscale-vodafone-ideas-ip-backhaul-network-for-superior-4g-and-5g-experience/" rel="noreferrer noopener">IP </a>backhaul network. VIL is an Aditya Birla Group and Vodafone Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOD#NASDAQ">VOD</a>) partnership.
As part of a three-year agreement, Nokia will deploy its advanced IP/MPLS solutions across multiple telecom circles in India.
Nokia will supply its latest IP/MPLS solutions, including the 7750 SR and 7250 IXR series, to modernize VIL&#8217;s transport network, enhancing scalability and connectivity for mobile and enterprise services.
VIL aims to boost network density by deploying IP routers while phasing out legacy systems, reducing costs, accelerating deployment, and enabling future scalability.
The upgrade, supported by automation-driven planning and migration, will strengthen network capacity, improve resilience, and promote sustainability with energy-efficient solutions.
Jagbir Singh, CTO at Vodafone Idea Limited, said, &#8220;Partnering with Nokia truly aligns with our vision to enhance customer experience and support the growth of data traffic in the country. The state-of-the-art solutions from Nokia and their proven deployment capabilities will enable us to build a future ready transport network.&#8221;&nbsp;
Prashant Malkani, Head of Network Infrastructure at Nokia India, added, &#8220;Our innovative IP/MPLS portfolio, in-depth understanding of 4G and 5G requirements and trusted performance across all network domains will ensure a high-performance network that delivers exceptional customer experiences for Vodafone Idea.&#8221;
Last week, Nokia and the French media and telecommunications giant&nbsp;Canal+ Telecom joined forces&nbsp;to enhance broadband access in the Caribbean through <a target="_blank" href="https://www.benzinga.com/news/25/03/44275297/nokia-powers-canal-telecoms-fiber-network-expansion-in-the-caribbean" rel="noreferrer noopener">a major fiber network expansion</a>.
Investors can gain exposure to the stock via iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and Defiance Connective Technologies ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIXG#NASDAQ">SIXG</a>).
Price Action: NOK shares are up 0.19% at $5.21 premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/contracts/25/03/44109945/nokia-proximus-global-team-up-to-advance-5g-and-network-api-innovation" target="_blank" rel="noreferrer noopener">Nokia &amp; Proximus Global Team Up To Advance 5G And Network API Innovation</a></li>
</ul>
Image via Shutterstock.

Equities

Large Cap

Contracts

IDGT

SIXG

Nokia Secures Deal with Vodafone Idea To Enhance India's IP Backhaul Network

Truist Securities analyst Lucas Servera initiates coverage on RXO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RXO#NYSE">RXO</a>) with a Buy rating and announces Price Target of $24.

Truist Securities Initiates Coverage On RXO with Buy Rating, Announces Price Target of $24

Truist Securities analyst Lucas Pipes initiates coverage on JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Hold rating and announces Price Target of $165.

JBHT

Truist Securities Initiates Coverage On JB Hunt Transport Servs with Hold Rating, Announces Price Target of $165

Truist Securities analyst Lucas Servera initiates coverage on GXO Logistics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>) with a Hold rating and announces Price Target of $40.

Truist Securities Initiates Coverage On GXO Logistics with Hold Rating, Announces Price Target of $40

The U.S. federal spending hit a record-breaking $603.4 billion last month, despite the efficiency drive led by Tesla CEO Elon Musk.
What Happened: Despite Musk&#8217;s efforts to streamline government operations through his Department of Government Efficiency (DOGE), U.S. federal spending has soared to an all-time high, as per data by the U.S. Treasury.
Compared to the same month in the previous year, spending has escalated by $36 billion, marking a 6.35% increase. The Monthly Treasury Statement shows that for the first five months of fiscal year 2025, the deficit was approximately $1.147 trillion, up from $828 billion in the same period the previous year.
This surge comes even as DOGE has made significant inroads into various government agencies, resulting in numerous suspensions, dismissals, and contract cancellations.
Jessica Riedl, an economic policy expert at the Manhattan Institute, <a href="https://www.ft.com/content/6d938875-d9c8-47b1-9116-eef577d2cb98">told</a> the Financial Times, &#8220;DOGE savings are so small as not to be identifiable in monthly spending totals.&#8221;
The Trump administration, even with DOGE&#8217;s assistance, has struggled to curtail the size of the government. DOGE says to have saved over $100 billion, yet only a few departments have reported any reductions during the first complete month of the new administration. February data indicated that spending by the Department of Education dropped by $5 billion, while expenditure by the Department of State declined by $2 billion.
SEE ALSO: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44290969/evgo-growth-dampened-by-doe-loan-and-ev-incentive-uncertainty-analyst-says">EVgo Growth Dampened By DOE Loan And EV Incentive Uncertainty, Analyst Says</a>
Why It Matters: This news comes in the wake of recent revelations that DOGE <a href="https://www.benzinga.com/news/25/03/44190325/doge-deletes-billions-in-savings-records-quietly-changing-or-even-erasing-over-1k-contracts-it-claimed-to-have-canceled">had quietly deleted</a> or altered over 1,000 contracts from its &#8220;wall of receipts,&#8221; erasing more than $4 billion in claimed savings for U.S. taxpayers. This raised questions about the validity of Musk&#8217;s claims regarding the effectiveness of his efficiency drive.
Musk has frequently stated that DOGE is poised to save $1 trillion from the annual federal budget, with cost reductions occurring at a rate of $4 billion per day. However,&nbsp;the Monthly Treasury Statement for&nbsp;February showed minimal decreases in major categories.
DOGE continues to face the challenge of gaining broad Republican support for cuts. President Trump has recently moved to limit some of DOGE&#8217;s activities, urging Musk to use a &#8220;scalpel&#8221; rather than a &#8220;hatchet.&#8221; This follows criticism from some Republican lawmakers over DOGE&#8217;s rapid and extensive cuts.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/25/03/44280431/cpi-reactions?utm_source=taboola&amp;utm_medium=exchange&amp;tblci=GiD1tFFNH-r-bulyXzVS-mm-BVNR3nb6Ojb3DSX9l1ZrFSCN1VcoganZ3Y-AmMojMO-ISg#tblciGiD1tFFNH-r-bulyXzVS-mm-BVNR3nb6Ojb3DSX9l1ZrFSCN1VcoganZ3Y-AmMojMO-ISg">Inflation Moves In The &#8216;Right Direction&#8217; But Forecast Is Hazy, Economist Says</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.

Markets

TSLA

Despite Elon Musk's Efforts, US Spending Soars To New Highs, Deficit Exceeds $1 Trillion

Truist Securities analyst Lucas Servera initiates coverage on Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Buy rating and announces Price Target of $220.

ODFL

Truist Securities Initiates Coverage On Old Dominion Freight Line with Buy Rating, Announces Price Target of $220

U.S. stock futures fell again on Thursday after a brief respite on Wednesday, following a softer-than-expected inflation print. Futures of all four benchmark indices declined in premarket trading.
President Donald Trump imposed the promised 25% tariffs on steel and aluminum imports on Wednesday. In response, Canada imposed 25% retaliatory tariffs on the U.S. steel imports and raised taxes on other items, whereas the European Union also retaliated with tariffs on American beef, poultry, bourbon, motorcycles, peanut butter, and jeans.
Meanwhile, the 10-year Treasury yield stood at 4.32%, while the two-year yield was at 3.98%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 97% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.38%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.30%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.20%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.23%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, dropped in premarket on Thursday. The SPY was down 0.21% to $557.72, and the QQQ also declined 0.31% to $475.43, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Fueled by strong gains in consumer discretionary, information technology, and communication services, U.S. stocks closed mixed on Wednesday.
Indices rose after inflation data revealed a larger-than-expected slowdown, with February&#8217;s Consumer Price Index dipping to 2.8%. Core inflation also dropped more than anticipated, easing from 3.3% to 3.1%.
Tech giants Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led the charge, while consumer staples and healthcare sectors lagged.
As of Wednesday&#8217;s close, the S&amp;P 500 had fallen 8.92% and the Dow Jones 8.26% from their 52-week highs. The Nasdaq 100 and Nasdaq Composite were still in the correction territory, dropping 11.82% and 12.65%, respectively, from their recent peaks.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.22%</td>
<td>17,648.45</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.49%</td>
<td>5,599.30</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.20%</td>
<td>41,350.93</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.14%</td>
<td>2,026.47</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
&#8220;The opportunity has arrived with the current pullback,&#8221; said Scott Wren, the senior global market strategist at Wells Fargo Advisors. He had been advising the investors to exercise patience and wait for the right time to buy equities.
&#8220;We see the current pullback as an opportunity to add exposure to equities and suggest that clients bring their U.S. Mid-cap exposure up to a favorable (overweight) allocation relative to their strategic (long-term) target weighting. Our large capitalization (SPX-type) rating remains favorable,&#8221; he said.
However, economist Jeremy Siegel warned investors against &#8220;aggressive buying&#8221;.
&#8220;I expect continued volatility, with sentiment swinging on headlines. While there's potential for a rebound, the market valuations are elevated versus history, so there isn't a strong incentive for aggressive buying just yet,&#8221; he said.
According to&nbsp;Alex Tsepaev, the chief strategy officer at B2PRIME Group, the markets have experienced similar or larger corrections nearly every year, indicating this decline could simply reflect normal market fluctuations rather than signaling deeper trouble.
"Investors should watch key economic indicators closely, but a pullback alone isn't necessarily a sign of an impending downturn—it's more likely part of a regular market adjustment," he said.
Despite annual market swings averaging a 16% average drop, the S&amp;P 500 has historically delivered a 10% average annual return since 1928, said Charlie Bilello, the chief market strategist at Creative Planning.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 has returned an average of 10% per year since 1928 despite an average intra-year drawdown of -16%. There&#39;s no upside without occasional downside, no reward without risk. <a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a> Video: <a href="https://t.co/bp8qymBdHZ">https://t.co/bp8qymBdHZ</a> <a href="https://t.co/0hQ48RADUx">pic.twitter.com/0hQ48RADUx</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1900030686108467652?ref_src=twsrc%5Etfw">March 13, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on Thursday:
<ul>
<li>The initial jobless claims data for the week ended March 8 will be released at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>The core and headline producer price index data for February will also be announced at 8:30 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) was up 0.60% in premarket on Thursday as it is expected to report before the opening bell. Analysts expect earnings of $1.50 per share on the revenue of $10.26 billion.</li>
</ul>
<ul>
<li>G-III Apparel Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) was 0.04% higher as Wall Street expects it to report earnings of 97 cents per share on the revenue of $807.59 million before the opening bell.</li>
</ul>
<ul>
<li>Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) advanced 0.02% as it is expected to report after the closing bell. Analysts expect earnings of $7.12 per share on revenue of $3.46 billion.</li>
</ul>
<ul>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) dropped 4.7% as its lower end of the second-quarter outlook was below the market expectations. It expects second-quarter revenue between $5.77 billion to $5.82 billion versus estimates of $5.8 billion. Whereas it expects adjusted earnings of $4.95 to $5 per share versus estimates of $5 per share.</li>
</ul>
<ul>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) jumped 9.91% after announcing a new chief executive officer. The company said its board of directors has appointed Lip-Bu Tan, a former member of Intel&#8217;s board of directors, as chief executive officer, effective March 18.</li>
</ul>
<ul>
<li>Aditxt Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTX#NASDAQ">ADTX</a>) slumped 38.03% after it announced an 1-for-250 reverse stock split which will take place on March 17, 2025, to regain Nasdaq compliance, following a delisting notice.</li>
</ul>
<ul>
<li>Anika Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIK#NASDAQ">ANIK</a>) plummeted 24.02% after reporting a quarterly loss of $0.03 per share, significantly missing the estimate of a $0.09 gain.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.15% to hover around $67.58 per barrel.
The gold spot index was up by 0.34% to $2,943.35 per ounce. Its last record high was at $2,956.37 per ounce. The Dollar Index was up 0.06% at the 103.674 level.
All Asian markets closed lower on Thursday as Japan's Nikkei 225, South Korea's Kospi, Australia's ASX 200, Hong Kong's Hang Seng, India's S&amp;P BSE Sensex, and China's CSI 300 index declined. European markets were mostly lower in trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44296698/time-to-buy-the-dip-or-wait-till-further-clarity-on-tariffs-heres-what-experts-are-saying-amid-ongoing-market-correction">Time To Buy The Dip Or Wait Till Further Clarity On Tariffs? Here&#8217;s What Experts Are Saying Amid Ongoing Market Correction</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Market Summary

Futures

Economics

Pre-Market Outlook

ADBE

ADTX

ANIK

GIII

INTC

NVDA

ULTA

US Stocks Likely To Open Lower After A Brief Respite: 'Add Exposure To Equities' Amid Pullback, Says Expert

Truist Securities analyst Lucas Servera initiates coverage on ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy rating and announces Price Target of $93.

ARCB

Truist Securities Initiates Coverage On ArcBest with Buy Rating, Announces Price Target of $93

Guidance

DLTH

Duluth Sees FY25 Revenue Of $570M - $595M Vs. $642.433M Est.

Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $0.11 by 136.36 percent. This is a 119.05 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $241.27 million which missed the analyst consensus estimate of $252.86 million by 4.58 percent. This is a 1.77 percent decrease over sales of $245.61 million the same period last year.

Earnings Misses

Duluth Holdings Q4 Adj $(0.04) Misses $0.11 Estimate, Sales $241.27M Miss $252.86M Estimate

The Board is undertaking a search for Sato's replacement. The Board of Directors has appointed Schlecht as Interim Chief Executive Officer, effective&nbsp;April 25, 2025, unless the Board concludes its CEO search before that date.

Duluth Reports Retirement Of CEO Samuel M. Sato; Stephen Schlecht To Assume Day-to-Day Leadership

Truist Securities analyst Lucas Servera initiates coverage on C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) with a Buy rating and announces Price Target of $115.

CHRW

Truist Securities Initiates Coverage On C.H. Robinson Worldwide with Buy Rating, Announces Price Target of $115

Truist Securities analyst Lucas Servera initiates coverage on FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) with a Buy rating and announces Price Target of $305.

Truist Securities Initiates Coverage On FedEx with Buy Rating, Announces Price Target of $305

Hannover Rueck (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HVRRY#OTC">HVRRY</a>) reported quarterly earnings of $4.46 per share. This is a 77.69 percent increase over earnings of $2.51 per share from the same period last year. The company reported $7.13 billion in sales this quarter. This is a 1.66 percent decrease over sales of $7.25 billion the same period last year.

Hannover Ruckversicherungs Registered shares 

HVRRY

Hannover Rueck Q4 EPS $4.46 Up From $2.51 YoY, Sales $7.13B Down From $7.25B YoY

Keefe, Bruyette &amp; Woods analyst MarK Shutley initiates coverage on Eagle Financial Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSI#NASDAQ">EFSI</a>) with a Outperform rating and announces Price Target of $40.

EFSI

Keefe, Bruyette & Woods Initiates Coverage On Eagle Financial Services with Outperform Rating, Announces Price Target of $40

A renowned Argentine lawyer has officially called for the international arrest of the cryptocurrency entrepreneur allegedly involved in the LIBRA token scandal.
What Happened: Gregorio Dalbon, who previously&nbsp;represented former Argentine President Cristina&nbsp;Fernandez in a corruption case, filed a formal request for an Interpol Red Notice for&nbsp;Hayden Davis, CEO of Kelsier Ventures and advisor to President Javier Milei, who helped launch the scam-tainted token, according to Argentine media outlet Perfil. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Caso <a href="https://twitter.com/search?q=%24LIBRA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LIBRA</a>: pidieron la detención inmediata de Hayden Davis &#x7C; Perfil <a href="https://t.co/xa4mV8Rja2">https://t.co/xa4mV8Rja2</a>
&mdash; Gregorio Dalbon (@Gregoriodalbon) <a href="https://twitter.com/Gregoriodalbon/status/1899549500135419983?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
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Dalbon submitted the petition&nbsp;to lead prosecutor Eduardo Taiano&nbsp;and Judge María Servini on Tuesday, seeking&nbsp;an Interpol Red Notice to&nbsp;expedite Davis&#8217;s&nbsp;detention and extradition from the&nbsp;U.S.
Dalbon argued that Davis might impede the case&#8217;s progress by fleeing his home country, the U.S., or by remaining in hiding.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44267582/us-house-committee-favors-stablecoin-regulation-to-strenthen-dollar-advocates-against-cbdc">House Committee Favors Stablecoin Regulation To &#8216;Strengthen&#8217; Dollar: Majority Whip Says CBDCs Against &#8216;American Values&#8217;</a>
Why It Matters: This move marked a significant&nbsp;escalation in the legal proceedings&nbsp;surrounding a case that has&nbsp;embroiled Milei&#8217;s administration in controversy. 
The president had<a href="https://in.benzinga.com/25/02/43769603/argentinas-stock-market-plummets-amid-milei-meme-coin-controversy"> publicly endorsed</a>&nbsp;the LIBRA shortly before its&nbsp;dramatic collapse, triggering allegations of a rug pull—a scam where creators accumulate funds for a project, causing its value to soar only to disappear with the invested funds, leaving the project worthless.
The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin ran up to over $170 million in market capitalization after launch but has since lost 92% of its value.
Davis had denied the <a href="https://in.benzinga.com/25/02/43786713/solana-meme-coin-ecosystem-under-fire-galaxy-research-cites-libra-rug-pull-as-major-blow">allegations of a rug pull</a>, saying, "It's just a plan gone miserably wrong with $100 million sitting in an account that I'm the custodian of.&#8221; He added that he never intended to personally profit from the funds.
Milei&nbsp;said&nbsp;that he never promoted the coin, and anyone who invested in the coin did so voluntarily. The president has faced calls for impeachment and criminal charges&nbsp;<a href="https://in.benzinga.com/25/02/43761407/argentinas-javier-milei-faces-impeachment-for-promoting-tainted-libra-memecoin-that-pumped-and-dumpedpresidents-office-orders-inquiry" target="_blank" rel="noreferrer noopener">against him</a>&nbsp;over the scandal.
Price Action: At the time of writing, LIBRA was exchanging hands at $0.06471, down 18.93% in the last 24 hours, <a href="https://coinmarketcap.com/currencies/libra-viva-la-libertad-project/#About">according</a> to&nbsp;CoinMarketCap.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/03/44268317/sec-postpones-approval-of-several-crypto-spot-etfs-says-influential-analyst">Dogecoin, XRP ETF Filings Delayed By SEC But Influential Analyst Says &#8216;Relatively High&#8217; Odds Of Approval</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.
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LIBRA Token Fallout: Argentine Lawyer Demands Extradition Of Project Creator From US

Business Outlook
For the first quarter of 2025, UCLOUDLINK expects total revenues to be between US$18.2 million and US$19.5 million, representing an increase of 0.6% to 7.7% compared to the same period of 2024. For 2025, UCLOUDLINK expects total revenues to be between US$95.0 million and US$130.0 million, representing an increase of 3.7% to 41.9% from 2024.

UCLOUDLINK Outlook: For Q1 Expects Total Revenues Of $18.2M-$19.5M Vs. $24M Est.; For 2025 Expects Total Revenues Of $95M-$130M Vs. $104.5M Est.

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CytomX Therapeutics to Present at Upcoming September Investor Conferences

CytomX Therapeutics Announces First Patient Dosed with CX-801, a Dually-Masked Interferon-Alpha 2b PROBODY®, in a Phase 1 Study in Patients with Solid Tumors

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