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JPMorgan Chase, Wells Fargo, Bank of America and 9 Wall Street Firms Forecast Record-Breaking Year for US Stock Market in 2025: Report - The Daily Hodl
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The cannabis industry continues to show mixed results across key U.S. markets, with notable developments in California, Massachusetts, and New Mexico. While California leads in tax revenue, both Massachusetts and New Mexico face slight declines in sales, reflecting broader market shifts. Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here . You can't afford to miss out if you’re serious about the business. Massachusetts: A Saturated Market? In Massachusetts, legal cannabis sales totaled $152 million in November 2024, a 1% decrease from October but a 4% increase from November 2023. On a quarter-to-date basis, sales totaled $305 million for October and November, marking a 5% decline from the prior quarter. The average price per gram fell to $4.58, the lowest since 2020. Average revenue per dispensary dropped to $362k/month (down 2% from the prior month and 8% year-over-year). Notable companies operating in Massachusetts include AYR Wellness AYRWF , Curaleaf CURLF and Green Thumb Industries GTBIF , contributing to this market's competitive landscape. “The average price per gram was $4.58 in November, the lowest since we began tracking in January 2020. There were 379 operating dispensaries at the end of November, indicating an average revenue of $362k per dispensary (or approximately $4.3M/year). We note that this is down 2% m/m and 8% y/y from $4.7M/year (or $394k) in November 2023, with the decline attributable to the addition of 53 dispensaries y/y,” reads a recent report from Beacon Securities . New Mexico New Mexico's cannabis market showed slight sales fluctuations in November, with total sales of $48 million, down 2% from October but up 3% from the previous year. Quarter-to-date sales were $96 million, a 5% decrease from the July-August period. The average revenue per dispensary remained stable at approximately $70k/month. Notably, Schwazze SHWZ is a key player in the state, contributing to the overall market dynamics. Adult-use transactions averaged $39, while medical cannabis sales averaged $48 per transaction. Read Also: Ho-Ho-Holy Smokes! Record Weed Sales Drive Dispensaries To Stock Smart This Holiday Season California: Strong Q3 Revenue Despite Declining Cultivation Tax California's cannabis tax revenue for the third quarter of 2024 reached $250.5 million, with $148.4 million from excise taxes and $102 million from sales tax. This brings the state's total cannabis tax revenue since 2018 to over $6.5 billion . Revenue from cannabis excise taxes supports a range of programs, including childcare, medical research, and youth substance abuse prevention. Despite the elimination of the cultivation tax in July 2022, the market remains a significant financial contributor to the state. Read Next: Illinois Cannabis Sales Back On Track In October Hitting $142.3M After Slight September Dip © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Mississippi State overcomes early deficit to down Prairie View A&MSince 1999, the EU and Mercosur (comprising Argentina, Brazil, Paraguay, Uruguay, and since 2024, Bolivia) have been negotiating a trade agreement. While an agreement in principle was reached in 2019, EU members refused to ratify the deal. Today at the Mercosur Summit in Uruguay, attended by EU Commission President Ursula von der Leyen, the agreement took a significant step closer to finally coming into effect, with both EU and Mercosur states signing the deal. Tariff reductions: The agreement will remove over 90% of tariffs on goods exchanged between the two blocs, saving EU companies around €4 billion worth of duties each year. For some products, duties will be phased out over longer periods to provide companies in Mercosur countries with a sufficient amount time to adapt. Easier market access: Elimination of non-tariff barriers, discriminatory tax treatments, and the facilitation of trade in services. Sustainability: Provisions to ensure that trade does not come at the expense of environmental and labour standards. If approved by the EU member states and the EU parliament, this would create one of the largest free trade zones in the world. The EU and the five Mercosur states together make up 20.2% of global GDP, with the EU contributing the lions share with 17.4% (Brazil: 2.1%, Argentina: 0.6%, Uruguay: 0.1%, Paraguay and Bolivia: 0.04% each). In terms of population, the trade deal would unite 730 million people (450 million in the EU), or about 8.9% of the global population. While goods trade between the two blocs is still relatively small, totalling €109.4bn in 2023, the EU is Mercosur’s second-largest trade partner for goods, following China and ahead of the United States. Conversely, Mercosur ranks as the EU’s tenth-largest trade partner for goods. When it comes to trade in services, the EU has exported €28.2bn to Mercosur, while Mercosur exported €12.3bn to the EU in 2022. The trade deal is expected to significantly boost goods trade between the two regions. But here’s the catch, and the reason why the agreement hasn’t been signed in five years – it faces significant opposition. France and Poland, amongst others, are openly opposing the trade deal. Meanwhile 11 countries – Germany, Spain, Portugal, Sweden, Denmark, Finland, Croatia, Estonia, Latvia, Luxembourg, and Czechia – recently called for the swift conclusion of the deal in a letter to the President of the Commission. Germany, for example, sees Mercosur as a key market for its auto exports. Currently, average car tariffs on imports into Brazil, for instance, stand at 35% compared to an import tariff of 10% in the EU. Food and agri products represent the biggest part of the EU’s imports from Mercosur, with total a total import value of 23 billion euros in 2023 (42% of total imports). The agreement will facilitate trade growth due to a mix of larger import quotas as well as reduced and removed tariffs and duties on products like beef, poultry, sugar and soybeans. That’s stirring discontent among EU beef, poultry, sugar beet and soybean farmers, given that their Mercosur counterparts can operate at lower costs. Other companies in the food sector are more supportive. This is either because they can benefit from lower input costs, like confectionery and soft drinks manufacturers, or because the deal creates better market access for European cheese, beer, wine and spirits exporters. For EU consumers, we would argue that any deflationary impact on food prices will be difficult to spot. Firstly, quotas will likely be expanded over multiple years to avoid market distortions. Secondly, quotas will be larger but they still represent only a small portion of total EU consumption. Thirdly, the costs of these products make up only a part of the final price that consumers pay. In the case of a premium steak bought in a restaurant, factors such as labour costs are also an important part of the equation. A trade agreement between the EU and Mercosur countries could bring some light to the darkness for the struggling European car industry. Current tariffs of up to 18% on autoparts and even 35% on cars are obviously not very beneficial for export propositions. EU countries exported €1.1bn of passenger cars to Brazil, the bloc’s largest market, in 2023 and Germany was responsible for almost 60% of this. Altogether – and including the largest category automotive parts – EU countries exported almost €5bn worth of vehicles and automotive parts to the Mercosur member states. Including Bolivia, the Mercosur members produce just about as many cars as their domestic sales annually, but a significant chunk of this is exported to the rest of South America as the continent hardly has any other production sites outside of Brazil and Argentina. South America has a production deficit of about 30%, making it dependent on car imports. South American car markets therefore provide more growth opportunities than the sluggish European home markets. Driven by high import tariffs, European manufacturers like the Volkswagen Group and Daimler Trucks have established their manufacturing sites on the continent. A reduction in tariffs could boost production in Europe, where occupancy rates are currently low. While critical for the EU’s economic future, raw materials like lithium are making less headlines in the coverage of the free trade agreement. That’s surprising, given that a) the EU is very dependent on China for critical raw materials, b) countries like Argentina, Bolivia and Brazil hold large reserves of some of these critical raw materials and c) EU demand for these materials is expected to massively increase. We’ve previously written about how demand for lithium batteries (which power electric vehicles and energy storage) is set to increase 12 times by 2030, while the bloc’s demand for rare earth metals, used in wind turbines and EVs, is set to rise five to six times by 2030. It may be difficult to quantify the exact economic value of having better access to these materials through closer ties with Mercosur, but we believe this particular element carried a lot of strategic weight for the EU Comission when striking the deal – especially as diversification or sourcing and securing supply is currently top of mind. The signing of the trade deal is expected to spark new protests from farmers – particularly those in France – who strongly oppose it. This response will mostly be borne out of a fear that the elimination of tariffs will lead to a substantial inflow of cheaper South American agricultural products, particularly beef, with products not meeting Europe’s stringent environmental and food safety standards. French President Emmanuel Macron might even face stronger pressure at home, given that he was unable to stop this deal and that it looks unlikely he’d sign the Treaty in the current political situation in France. In Poland, the Netherlands and Austria, farmers fear that the deal will lead to unfair competition, doesn’t meet the EU’s environmental ambitions, and contributes little to GDP for some member states. The expected GDP boost for the Netherlands is only 0.03% in 2035, compared to a GDP gain of 0.23% for Spain, for example. If the trade agreement is signed in its current form, i.e., a ‘mixed’ agreement including both trade and non-trade measures, it would necessitate approval from the European Parliament as well as all national parliaments. It would also require ratification by all 27 EU member states. While the EU can negotiate trade agreements on behalf of its members with a qualified majority, any agreement involving shared competence between the EU and its member countries must be ratified by each member state. Remember that also the Canadian-European Trade Agreement (CETA) has not been ratified yet by all member states. To avoid repetition of the CETA experience, the EU could therefore split the agreement into two parts: the pure trade agreement and the non-trade measure part. For the pure trade part, a qualified majority vote would be required instead of approval from all 27 members, meaning that at least 15 EU member states representing 65% of the EU population would need to approve. Consequently, at least four member states representing 35% of the EU population would be needed to block the deal. The same procedure had been in place for the tariffs against electric vehicles made in China. This agreement comes at a time when the world is facing increasing protectionism, with US President-elect Donald Trump returning to the White House. He has made no secret of his fondness for tariffs. However, protectionist tendencies are not solely limited to Trump. This week, Beijing announced export bans on key minerals such as germanium and gallium in retaliation against US controls on semiconductor technology. Additionally, new tariffs worth $18bn on Chinese products will take effect in January 2025 and 2026. Elsewhere, the EU has also stepped up its protectionist measures against China this year – and Mercosur countries aren’t holding back either. Brazil introduced import tariffs on electric vehicles (BEVs) of 10% at the start of the year, climbing to 18% in July and up to 35% in 2026. A trade deal between these two economic blocs would be welcome amid a global climate engulfed by a new era of protectionism, and would be significant step towards ongoing trade liberalisation. However, the likelihood of success remains slim – and we’re interested to see whether free trade supporters can prevail over the protectionists this time around. Source: INGDrones over US show gaps in airspace security, top Trump adviser says
Wall Street stocks finished a lackluster week on a muted note Friday as concerns about rising Treasury bond yields competed with enthusiasm over artificial intelligence equities. Of the major indices, only the Nasdaq mustered a gain in Friday's session. The tech-rich index was also the only of the three leading US benchmarks to conclude the week higher. "Equities are kind of treading water," said LBBW's Karl Haeling. "A negative influence to some extent is the rise in bond yields." The latest US consumer price index data released this week showed prices ticked higher in November and the wholesale data also showed stubborn inflationary pressures. "Yields rose to their highest levels in over two weeks as markets brace for the Federal Reserve's final meeting of the year, reflecting concerns over sticky inflation," said Chris Beauchamp, chief market analyst at online trading platform IG. There is also growing concern over the inflationary pressures from President-elect Donald Trump's pledges to cut taxes and impose tariffs, as inflation still stands above the Fed's target. "While the markets still anticipate a rate cut from the Federal Reserve next week, the likelihood of a move in January has dropped," said Patrick Munnelly, partner at broker Tickmill Group. The CME FedWatch tool shows the market sees a more than 75 percent chance that the Fed will hold rates steady in January. In Europe, the Paris CAC 40 index ended the day down 0.2 percent after French President Emmanuel Macron named his centrist ally Francois Bayrou as prime minister, ending days of deadlock over finding a replacement for Michel Barnier. Frankfurt also dipped, with Germany's central bank sharply downgrading its growth forecasts on Friday for 2025 and 2026. It predicted a prolonged period of weakness for Europe's biggest economy. London stocks were also lower after official data showed that the UK economy unexpectedly shrank for the second consecutive month in October. The euro recovered after flirting with two-year lows against the dollar following a warning Thursday by ECB president Christine Lagarde that the eurozone economy was "losing momentum", cautioning that "the risk of greater friction in global trade could weigh on euro area growth". In Asia, Hong Kong and Shanghai both tumbled as investors were unimpressed with Beijing's pledge to introduce measures aimed at "lifting consumption vigorously" as part of a drive to reignite growth in the world's number two economy. President Xi Jinping and other key leaders said at the annual Central Economic Work Conference they would implement a "moderately loose" monetary policy, increase social financing and reducing interest rates "at the right time". The gathering came after Beijing in September began unveiling a raft of policies to reverse a growth slump that has gripped the economy for almost two years. "We're still not convinced that policy support will prevent the economy from slowing further next year", said Julian Evans-Pritchard, head of China economics at research group Capital Economics. Among individual equities, chip company Broadcom surged nearly 25 percent after reporting a 51 percent jump in quarterly revenues to $14.1 billion behind massive growth in AI-linked business. New York - Dow: DOWN 0.2 percent at 43,828.06 (close) New York - S&P 500: FLAT at 6,051.09 (close) New York - Nasdaq Composite: UP 0.1 percent at 19,926.72 (close) London - FTSE 100: DOWN 0.1 percent at 8,300.33 (close) Paris - CAC 40: DOWN 0.2 percent at 7,409.57 (close) Frankfurt - DAX: DOWN 0.1 percent at 20,405.92 (close) Tokyo - Nikkei 225: DOWN 1.0 percent at 39,470.44 (close) Hong Kong - Hang Seng Index: DOWN 2.1 percent at 19,971.24 (close) Shanghai - Composite: DOWN 2.0 percent at 3,391.88 (close) Euro/dollar: UP at $1.0504 from $1.0467 on Thursday Pound/dollar: DOWN at $1.2622 from $1.2673 Dollar/yen: UP at 153.60 yen from 152.63 yen Euro/pound: UP at 83.19 pence from 82.59 pence Brent North Sea Crude: UP 1.5 percent at $74.49 per barrel West Texas Intermediate: UP 1.8 percent at $71.29 per barrel burs-jmb/st
Blackstone Secured Lending Fund: Continuing To Deliver A Well Covered Strong Yield
Tense House speaker fight arrives WednesdayRussian President Vladimir Putin on Saturday signed a law that allows those who sign up to fight in Ukraine to write off unpaid debts worth almost $100,000, the government announced. The new legislation will be a strong motivation for some to join up, experts said, as Russia seeks new ways to recruit fighters for the nearly three-year conflict grinding through troops. The new legislation will allow those who sign a one-year contract to fight in Ukraine after December 1 to free themselves of existing bad debts. It also covers their spouses. The law concerns debts where a court order for collection was issued and enforcement proceedings began before December 1, 2024. The total amount of unpaid debt that can be covered is 10 million rubles, around $96,000 at current rates. Parliament approved the bill earlier this month. The legislation will largely concern younger Russians of fighting age, since those in their 30s and younger are most likely to have loans. Russia has extremely high interest rates for loans and many Russians have almost no cash savings, although the proportion of home owners is relatively high. "Previously (for those fighting) there was only provision for taking repayment holidays on loans," Sergei Krivenko of advocacy group Citizen Army Law told Vazhniye Istorii Telegram channel. The new legislation applies to those who are conscripted for national service and those mobilised for the so-called "special military operation", Krivenko said. Conscripts cannot be sent to the front line but can choose to sign a contract to join the professional army and be sent to fight in Ukraine. Russian authorities "are strengthening the motivation to sign a contract," political analyst Georgy Bovt wrote on Telegram. The legislation provides "another way to get rid of an unbearable burden of credit, at least for several hundred thousand people," Bovt wrote. Over 13 million Russians have three or more loans, according to a central bank report released last month covering the first two quarters. This was up 20 percent on the same period last year. The average amount owed by those with three or more loans is 1.4 million rubles ($13,400 at current rates). Many start with a bank loan and then apply for further loans from microfinance organisations. Russians serving on the front line are already paid far more than the national average. Ukraine also has legislation allowing those fighting to get preferential terms for loans and in some cases to write off debts. bur/tw
By BIANCA VÁZQUEZ TONESS After weeks of fear and bewilderment about the drones buzzing over parts of New York and New Jersey , U.S. Senator Chuck Schumer is urging the federal government to deploy better drone-tracking technology to identify and ultimately stop the airborne pests. The New York Democrat is calling on the Department of Homeland Security to immediately deploy special technology that identifies and tracks drones back to their landing spots, according to briefings from his office. Schumer’s calls come amid growing public concern that the federal government hasn’t offered clear explanations as to who is operating the drones, and has not stopped them. National security officials have said the drones don’t appear to be a sign of foreign interference. “There’s a lot of us who are pretty frustrated right now,” said Rep. Jim Himes, D-Conn., the top Democrat on the House Intelligence Committee, on Fox News Sunday. “The answer ‘We don’t know’ is not a good enough answer.” President-elect Donald Trump posted on social media last week: “Can this really be happening without our government’s knowledge? I don’t think so. Let the public know, and now. Otherwise, shoot them down.” Certain agencies within the Department of Homeland Security have the power to “incapacitate” drones, U.S. Secretary of Homeland Security Alejandro Mayorkas told ABC’s George Stephanopoulos on Sunday. “But we need those authorities expanded,” he said, without saying exactly how. The drones don’t appear to be linked to foreign governments, Mayorkas said. “We know of no foreign involvement with respect to the sightings in the Northeast. And we are vigilant in investigating this matter,” Mayorkas said. Last year, federal aviation rules began requiring certain drones to broadcast their identities. It’s not clear whether that information has been used to determine who is operating the drones swarming locations in New York and New Jersey. Mayorkas’ office didn’t immediately respond to questions about whether they’ve been able to identify drones using this capability. Schumer is calling for recently declassified radar technology to be used to help determine whether an object is a drone or a bird, identify its electronic registration, and follow it back to its landing place. New York Gov. Kathy Hochul on Sunday said federal officials were sending a drone detection system to the state. “This system will support state and federal law enforcement in their investigations,” Hochul said in a statement. The governor did not immediately provide additional details, including where the system will be deployed. Dozens of mysterious nighttime flights started last month over New Jersey, raising concerns among residents and officials. Part of the worry stems from the flying objects initially being spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility and over Trump’s golf course in Bedminster. Drones are legal in New Jersey for recreational and commercial use, but they are subject to local and Federal Aviation Administration regulations and flight restrictions. Operators must be FAA certified.GRAND RAPIDS, MI--Zeeland West punched their ticket to Ford Field with a 32-20 victory over undefeated DeWitt. The Dux led by head coach John Shillito, came out firing with a 12-yard run by senior quarterback Trey Sloothaak and a 78-yard pass to Keaton Hendricks to take a 12-0 lead. Zeeland West senior Keaton Hendricks (1) runs for a 78-yard touchdown after a catch against DeWitt during the MHSAA D3 semifinal at Forest Hills Eastern in Grand Rapids on Saturday, Nov. 23, 2024. Joel Bissell | MLive.com DeWitt senior quarterback Elliot Larner punched into the end-zone on a 1-yard rush to cut the Dux lead to 12-7. Zeeland offense wasn’t done in the first half with Sloothaak finding Will Skaggs for a 50-yard screen pass to take a 20-7 lead. Zeeland West student section celebrates a 78-yard touchdown against DeWitt during the MHSAA D3 semifinal at Forest Hills Eastern in Grand Rapids on Saturday, Nov. 23, 2024. Joel Bissell | MLive.com Heading into the second half, DeWitt started to claw their way back with a 24-yard pass from Elliot Larner to Abram Larner to make it a 20-13 game in the third. DeWitt senior Elliott Larner (3) is chased down by Zeeland West senior Keaton Hendricks (1) during the MHSAA D3 semifinal at Forest Hills Eastern in Grand Rapids on Saturday, Nov. 23, 2024. Joel Bissell | MLive.com The Dux answered to start the fourth after Isaac VanderZwagg bulldozed in from the 1-yard line for the score. The Panthers still had fight in them, quickly scoring on an 11-yard pass from Larner to Jadon Bender to make it a 26-20 game with 9:31 to play. DeWitt on offense against Zeeland West during the MHSAA D3 semifinal at Forest Hills Eastern in Grand Rapids on Saturday, Nov. 23, 2024. Joel Bissell | MLive.com On the next drive as the Dux were driving down the field DeWitt senior defensive back Charlie Winsor was injured while making a tackle. The stadium grew silent as play paused for a while, before he was taken off of the field on a stretcher. His condition after the game was not immediately known. DeWitt senior Charlie Winsor (6) is taken off the field on a stretcher after being injured on defense against Zeeland West during the MHSAA D3 semifinal at Forest Hills Eastern in Grand Rapids on Saturday, Nov. 23, 2024. Winsor was taken to the hospital via ambulance in the fourth quarter. Joel Bissell | MLive.com After a short warm-up, play resumed with the Dux marching down field and scoring on a 19-yard run by Hendricks to put the Dux up 32-20. Zeeland West racked up 369 yards of through the air and on the ground against the Panthers. Panthers finished with 377 total yards. Zeeland West celebrates a 32-20 victory over DeWitt in the MHSAA D3 semifinal at Forest Hills Eastern in Grand Rapids on Saturday, Nov. 23, 2024. Joel Bissell | MLive.com Zeeland West will take on Detroit Martin Luther King at Ford Field for the D3 final at 12:30 pm. on Saturday, Nov. 30. King defeated Mason 35-14 in the other semifinal. MLive photojournalist Joel Bissell was there to document the action, both on and off of the field. Check out photos from the semifinal in the gallery above. Click here for a direct link to the gallery You must be a subscriber to view the photo gallery. 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NoneAmazon is currently offering an great deal on a Insignia 32-inch Fire TV, priced at just $69, which is a huge 46% discount from its original list price of $129 . This television has quickly become the #1 best-selling TV on Amazon for this Black Friday season. Given the limited stock and high demand, you should act quickly to secure this fantastic offer. See at Amazon As part of Amazon’s Black Friday deals, you can take advantage of an extended return period for this product: unlike the standard 30-day return policy, Amazon is now allowing returns until January 31, 2025. This extension is particularly beneficial for holiday shopping, as it gives you ample time to decide if the Insignia TV is the right gift for your loved ones or if it meets your own entertainment needs. Amazon also guarantees that you will receive the best price during the Black Friday period . If the price drops further after your purchase, Amazon will refund you the difference. This assurance means that waiting for a better deal may not be necessary; purchasing now secures you a great price without the risk of missing out on savings. Why Choose This Fire TV? The Insignia F20 Series is designed to enhance your viewing experience with a decent 720p resolution. The built-in Fire TV experience provides access to over 1 million streaming movies and TV episodes along with thousands of channels, apps, and Alexa skills. This library ensures that there is always something to watch. This smart TV has an integration with Alexa voice control: the included Alexa Voice Remote makes it easy to navigate your entertainment options without needing to fumble with buttons. You can simply press and hold the voice button and ask Alexa to find and launch content, switch inputs, or even control your cable service. This hands-free convenience adds a modern touch to your viewing experience. The Insignia F20 Series also supports Apple AirPlay for you to effortlessly share videos, photos, music and more from your Apple devices directly to the TV. This feature is particularly useful for those who enjoy sharing moments with family and friends on a larger screen. Furthermore, it includes support for HDMI ARC, which allows audio to be sent directly from the HDMI jack to a compatible soundbar or AV receiver, eliminating the need for extra cables and simplifying your setup. See at Amazon
Himachal chief minister Sukhvinder Singh Sukhu on Sunday said that the present state government was committed to providing quality facilities to people in all sectors, including education, health and roads. He was addressing a public meeting at Loharghat in the remote gram panchayat Kyar Kaneta of the Arki Assembly constituency at Solan district on Sunday. CM Sukhu also announced the opening of a sub-tehsil in Loharghat fulfilling a long-standing demand of the local residents. Sukhu said that the state government was making infrastructural and other necessary improvements in primary sectors such as roads, education and health in the state. The state government was ensuring that all schools in the state were equipped with all the necessary and basic facilities. He said that ₹ 600 crore would be spent on constructing school buildings in the next three years. In the health sector the infrastructure would be strengthened at medical colleges and district hospitals besides modern technology would be incorporated to expand facilities. The CM said that for the state government the objective of “Vyavastha Parivartan” was to make the state self-reliant and to provide citizens with opportunities to lead a life of dignity and respect. He said that to achieve these goals the government was introducing and implementing new schemes and the existing ones were being improved periodically. Sukhu said that for promoting natural farming the government was purchasing naturally grown maize at ₹ 30 per kg and wheat at ₹ 40 per kg. So far, 398 metric tonnes of maize have been procured. He urged farmers to adopt natural farming and register to sell their produce. He said that the government has made a historic increase in milk purchase prices.COLLEGE PARK, Md. (AP) — Once Iowa's running game started rolling, it never really stopped. That meant a bigger workload than ever for Kaleb Johnson. Johnson rushed for 164 yards and a touchdown on a career-high 35 carries, and Kamari Moulton scored on a 68-yard run in the fourth quarter to help Iowa outlast Maryland 29-13 on Saturday. “Doesn't take a Knute Rockne to figure this one out,” Iowa coach Kirk Ferentz said. "Coming in we wanted to be able to run the football. That's what we do best." Johnson scored from 2 yards out in the second quarter for his 21st rushing touchdown of the season, and the Hawkeyes (7-4, 5-3 Big Ten) rebounded from their loss to UCLA in their previous game. Maryland (4-7, 1-7) needed to win its final two regular-season games to reach six wins and bowl eligibility, but the Terrapins were dominated in the first half and eventually fell behind 16-0. Drew Stevens made five field goals for Iowa, including kicks from 54 yards in the second quarter, then 50 and 49 in the third. Iowa, which does not exactly push the tempo, ran 46 offensive plays in the first half. The Hawkeyes had the ball for over six minutes on each of their first three possessions, which resulted in a fumble, a field goal and then Johnson's TD. “I thought the first half really played out about as well as we could outside the turnover,” said Ferentz, whose son Brian is an offensive assistant at Maryland. “Controlling the ball, keeping it on the ground and trying to keep their quarterback off the field.” Maryland replaced quarterback Billy Edwards Jr. with backup MJ Morris after two fruitless possessions, but the Terps still trailed 13-0 at halftime. Edwards went back in and led Maryland all the way to the Iowa 3 in the third quarter, but he was injured in a collision with defensive back Xavier Nwankpa. “The kid's a warrior. He's been banged up all year,” Terps coach Mike Locksley said. “I very rarely come in and talk about injuries because those are excuses and I'm not about that. Billy came to me and said, ‘Coach, I want to try to go.’ And he really gave us a chance." Morris came in and capped that drive with an 8-yard scoring pass to Tai Felton that made it 16-6, but a 2-point conversion was unsuccessful. A 12-yard touchdown strike from Morris to Felton made it 19-13 with 11:05 to play, but Iowa answered with Moulton's big run less than two minutes later. Iowa: Quarterback Jackson Stratton, a walk-on transfer from Colorado State, wasn't asked to do much as the Hawkeyes were able to lean on the running game. And credit Iowa's defense for an excellent first half that helped build a big enough lead. Maryland: No matter how obvious Iowa's plan was, the Terps couldn't do much to stop it. Iowa finished with 268 yards rushing on 58 attempts. Ferentz now has 203 career victories as Iowa's head coach. Only Woody Hayes (205) has more in Big Ten history. Johnson looked plenty motivated after he produced just 49 yards rushing against UCLA. He also had extra time to rest since Iowa was off last weekend. “That 49 yards. I was mad at myself a little bit," he said. "I was being too soft. I wasn’t running as hard as I could.” Iowa quarterback Cade McNamara hasn't played since entering concussion protocol after a game late last month. Ferentz urged fans to support McNamara, who since 2022 has dealt with leg, quad and knee problems in addition to his latest issue. “Sometimes you've got to step back and have some compassion for the people that are out competing,” Ferentz said. "You think about the last three years for this guy. He has had a rough go." Iowa: Hosts Nebraska on Friday. Maryland: At Penn State on Saturday. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football Copyright 2024 The Associated Press. All rights reserved. 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