Short interest for Austin Gold gives investors a sense of the degree to which investors are betting on the decline of Austin Gold's stock. Short interest data is updated every two weeks.

Austin Gold Stock (AMEX:AUST), Short Interest Report

Austin Gold

Austin Gold Corp is a gold exploration and development company focused on gold targets and making district-scale gold discoveries in Nevada. Exploration and development of mineral projects is considered the Company's single business segment. Its projects include Kelly Creek in Humboldt County, Lone Mountain and Miller in Elko County, and Fourmile Basin in Nye County.

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Gold price reaches all-time high of $2,200 per ounce, driven by Fed plans to cut interest rates and strong demand. Gold mining stocks lag behind.

Gold Rush Begins As Fed Hints At Rate Cuts: 5 Mining Stocks Glitter With Over 30% Rally This Month

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Hycroft Mining Holding Corporation - Class A Common Stock

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PowerShares DB US Dollar Index Bullish Fund

Precious metals surge on potential 2024 Fed rate cuts based on inflation data and growing confidence. Gold reaches record highs, mining stocks rally.

Gold Hits All-Time Highs, Silver Rallies To 2024 Peak As Powell Hints At Fed Rate Cuts: 10 Mining Stocks Moving Wednesday

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Top Stories for March 5, 2024:
1. MP Materials Corp. (NYSE: MP) announced a private offering of $650 million in 3.00% convertible notes due in 2030 to qualified institutional buyers, with an option for initial purchasers to buy up to an additional $97.5 million within 13 days.

MP Materials, Cleveland-Cliffs Increase Offerings; Austin Gold Finishes Initial Drilling Program And More: Tuesday&#39;s Top Mining Stories

Austin Gold Corp

AUSTIN ENGINEERING LTD by Austin Engineering Ltd.

Austin Engineering Ltd

AUSTRALIAN FOUNDATION INV by Australian Foundation Investment Co

AUSTRALIAN UTY OFE FD UT by AUSTRALIAN UNITY OFFICE FD

Austal Ltd

AUSTAR LIFESCIENCES LTD by AUSTAR LIFESCIENCES LTD

Austar Lifesciences Ltd

AUSTEVOLL SEAFOOD ASA ORD by Austevoll Seafood ASA

Austevoll Seafood ASA

SILVER CITY MINERALS LTD by SILVER CITY MINERALS LTD

Austin Metals Ltd

AUSTRAL GOLD LTD ORD by Austral Gold Ltd.

Austral Gold Ltd

AUSTRALIAN AGRCL UNSP/ADR by Australian Agricultural Co Ltd.

Australian Agricultural Co Ltd

AUSTRALIAN AGRICULTURAL by Australian Agricultural Co Ltd.

Australian Dollar Token - United States Dollar

AUSTRALIAN MINES LTD NEW by Australian Mines Ltd.

Australian Mines Ltd

AUSTRALIAN OIL&GAS CORP by Australian Oil & Gas Corp.

Australian Oil & Gas Corp

Australian Oilseeds Holdings Limited - Ordinary Shares

Australian Oilseeds Holdings Ltd

Australian Oilseeds Holdings Limited - Warrant

AUSTRALIAN SILICA QUARTZ by AUSTRALIAN SILICA QUARTZ GROUP LTD.

Australian Silica Quartz Group Ltd

AUSTRALIAN STRATEGIC MTRL by Australian Strategic Materials Ltd.

Australian Strategic Materials Ltd

AUSTRALIAN VANADIUM ORD by Australian Vanadium Limited

Australian Vanadium Ltd

AUSTRALIAN VINTAGE ORD by Australian Vintage Ltd.

Australian Vintage Ltd

AUSTRALIS CAPITAL INC by Australis Capital Inc.

Australis Capital Inc

AUSTRALIS OIL & GAS ORD by Australis Oil & Gas Ltd

Australis Oil & Gas Ltd

<a href="https://www.sanofi.com/en/media-room/press-releases/2024/2024-05-13-05-00-00-2880074" title="https://www.sanofi.com/en/media-room/press-releases/2024/2024-05-13-05-00-00-2880074">https://www.sanofi.com/en/media-room/press-releases/2024/2024-05-13-05-00-00-2880074</a>

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Sanofi Adds Over €1B For Biomanufacturing To €2.5B Already Committed In Major Projects

Despite the Chinese government&#8217;s push for the adoption of the digital yuan, many workers are still hesitant to use it for their daily transactions.
What Happened: Sammy Lin, an account manager at a state-owned bank in Suzhou, receives her monthly salary in digital yuan. However, she, like many others, prefers to convert it into regular cash due to the lack of interest and limited usability, <a href="https://www.scmp.com/economy/china-economy/article/3262194/china-paying-some-workers-digital-yuan-few-are-choosing-use-it?module=top_story&amp;pgtype=section">reported</a> South China Morning Post.
&#8220;I prefer not to keep the money in the e-CNY app, because there's no interest if I leave it there,&#8221; Lin said. 
Changshu, a city in Suzhou, began paying its public sector workers in digital yuan a year ago, followed by other employers. However, the employees are not using the digital currency directly due to concerns about privacy and its limited functionality.
Ye Dongyan, a researcher at the Cheung Kong Graduate School of Business in Beijing, highlighted the need to balance privacy and security, which has slowed the progress of promoting the digital yuan.
"Paper currency is used anonymously, but the digital yuan is different," Dongyan said. "The boundaries between information tracking and information security protection need more deliberation."
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38759895/kevin-oleary-responds-to-cathie-woods-bitcoin-prediction-the-u-s-economy-would-have-to-col?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kevin O&#8217;Leary Responds To Cathie Wood&#8217;s Bitcoin Prediction: &#8216;The U.S. Economy Would Have To Collapse&#8217;</a>
Albert Wang, a government employee in Suzhou, noted that while the digital yuan could help reduce corruption by limiting cash bribery, its limited usability makes it uncompetitive with widely used payment tools like Alipay and WeChat Pay.
Why It Matters: The Chinese government has been actively promoting the digital yuan, with Suzhou being one of the first cities to pay public sector workers in <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35972587/former-pboc-governor-confirms-china-is-on-track-for-completion-of-central-bank-digital-cur">the new currency</a>. Despite this, the slow adoption rate among workers raises questions about the currency&#8217;s future.
Moreover, in the same month, Standard Chartered Bank (China) became the first foreign bank to join <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35966895/standard-chartered-china-is-first-foreign-bank-to-join-chinas-cbdc-pilot-testing">China&#8217;s CBDC pilot testing</a>, offering digital yuan exchange services to its customers. This move signaled the increasing internationalization of the digital yuan.
Furthermore, in March, SWIFT announced plans to launch a new platform connecting central bank digital currencies with the existing financial system. This development is expected to be a game-changer for the <a href="https://www.benzinga.com/news/24/03/37928401/swift-plans-launch-of-platform-connecting-central-bank-digital-currencies-with-global-banking-system">evolving CBDC ecosystem</a>, given SWIFT&#8217;s crucial role in global banking.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38739470/trumps-next-vice-president-doug-burgum-could-go-from-1-republican-voter-support-to-white-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Next Vice President? Doug Burgum Could Go From 1% Republican Voter Support To White House</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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Chinese Workers Paid In Digital Yuan Rush To Convert It Into Good Old Cash Because Of Limited Usability, Privacy Fears

Renowned investor Bill Ackman recently shared a post highlighting Robert F. Kennedy Jr.&#8216;s stance on the ongoing Israel-Hamas conflict.
What Happened: On Monday, Ackman shared a snippet of an interview of Kennedy Jr. with @QTRResearch. In the interview, Kennedy Jr. expressed his views on the Israel-Hamas conflict, particularly in the context of recent U.S. decisions and the role of Hamas.
Kennedy Jr. stated, &#8220;I think Israel&#8217;s war is a moral war&#8230; And, you know, self-defense means destroying Hamas."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/QTRResearch?ref_src=twsrc%5Etfw">@QTRResearch</a> interviewed <a href="https://twitter.com/RobertKennedyJr?ref_src=twsrc%5Etfw">@RobertKennedyJr</a> and wrote a piece that can be found here:<a href="https://t.co/4tfp9eGfD6">https://t.co/4tfp9eGfD6</a> Some notable excerpts on RFK's views on <a href="https://twitter.com/Israel?ref_src=twsrc%5Etfw">@Israel</a>, Hamas and the war in Gaza: I then asked for Mr. Kennedy's response to Joe Biden's recent decision to withhold aid from…
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1789845842448244864?ref_src=twsrc%5Etfw">May 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/news/24/05/38750997/trumps-son-in-law-back-in-political-arena-jared-kushner-reportedly-making-calls-to-potential-donors?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Son-In-Law Back In Political Arena? Jared Kushner Reportedly Making Calls To Potential Donors To</a>
He further added that Hamas does not have a negotiating position in the ongoing war and that it has used previous ceasefires to regroup, rearm, hoist the banner, and then make another surprise attack.
&#8220;Well, I don&#8217;t see that Israel has any choice but to destroy Hamas,&#8221; he added.<a href="https://twitter.com/BillAckman/status/1789845842448244864"></a>
Why It Matters: This comes in the wake of the <a href="https://www.benzinga.com/news/24/05/38768337/un-general-assembly-votes-to-grant-palestine-new-rights-israel-hamas-ceasefire-talks-stall">UN General Assembly&#8217;s decision</a> to grant Palestine new rights and privileges. The resolution was approved by a vote of 143-9 with 25 abstentions. The U.S., along with Israel and seven other countries, voted against the resolution.
Additionally, the <a href="https://www.benzinga.com/news/24/05/38701426/us-paused-israels-weapons-shipment-to-prevent-escalating-rafah-tensions-report">Biden administration reportedly put a hold</a> on a weapons shipment to Israel, amid growing concerns over potential Israeli military action in the southern Gaza city of Rafah.
Kennedy Jr., who is currently an independent presidential candidate, has been criticized for his controversial stances, which could potentially <a href="https://www.benzinga.com/news/24/05/38780420/robert-kennedy-jr-a-maga-crazy-republican-who-could-draw-votes-away-from-gop-says-former-congressman">draw votes away from the GOP</a> in the upcoming November elections.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38753994/cardano-founder-charles-hoskinson-says-voting-for-biden-is-a-vote-against-american-crypto-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cardano Founder Charles Hoskinson Says Voting For Biden Is A &#8216;Vote Against American Crypto Industry&#8217;</a>
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Politics

Bill Ackman Backs RFK Jr's Stance On Israel's 'Moral War' With Hamas: 'Don't See...Any Choice But To Destroy,' Says Presidential Hopeful

<a href="https://www.globenewswire.com/Tracker?data=NQWUcptSez03j-JDjbkT_GC4PTCCHPRgHk7JYH_M1lAj1x_DW_aRdJbjEWUTg0BFyzZTVrX6ejEpJeVx6qHhoruqBcvnDZGfDKig2YF700k=" target="_blank">Zapata Computing Holdings Inc.</a>&nbsp;(&quot;Zapata AI&quot; or &quot;the Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>), the Industrial Generative AI company, today announced that Sumit Kapur will join the organization as Chief Financial Officer, effective May 20, 2024, and as Zapata AI&#39;s Vice President, Finance during a short transition period, effective today. Sumit&#39;s experience in AI, investment banking, scaling complex businesses and raising capital will be invaluable in supporting Zapata AI&#39;s growth as the Company works to expand to provide services to new clients across industries that could include financial services, life sciences, government and defense, telecom, and advanced manufacturing.
Sumit brings a strong track record of steering technology companies through critical growth phases and tapping diverse public market and private capital sources to fuel growth. He spent nearly 12 years serving as Chief Financial Officer at 3Degrees, a financial services and technology company in the energy sector, where he played an integral role in scaling the business&#39;s revenue 50x through a combination of new offerings, mergers and acquisitions, international expansion, capital raising and organic growth. Sumit also has extensive investment banking experience at firms including Morgan Stanley and JP Morgan, and currently serves as an investor and board member at Tulip.ai, a venture-backed healthcare AI startup. He will succeed Mimi Flanagan, who is leaving the Company for personal reasons.

Management

ZPTA

Zapata Computing Welcomes Sumit Kapur as CFO, Effective May 20, 2024, Succeeding Mimi Flanagan, Who is Leaving the Company for Personal Reasons

Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) (the&nbsp;&quot;Company&quot;) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the &quot;Issuer&quot;), intends, subject to market and other customary conditions, to offer &euro;200 million aggregate principal amount of additional&nbsp;7.25%&nbsp;Senior Notes due 2030 (the &quot;Notes&quot;) in a private offering. The Notes will be issued as additional notes under the Indenture, dated as of July 13, 2023, pursuant to which the Issuer previously issued &euro;400 million aggregate principal amount of&nbsp;7.25%&nbsp;Senior Notes due 2030. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries. 
&nbsp;
The Company intends to use the proceeds from the offering of the Notes for general corporate purposes, which may include repayment of indebtedness, including without limitation, outstanding fleet debt, and to pay fees and expenses in connection with the foregoing.

Offerings

Avis Budget Group Owned Avis Budget Finance to Raise €200M Via Senior Notes Offering

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.pega.com%2F%3Futm_source%3Demd%26utm_medium%3Dpr%26utm_content%3DHMRC-Customer-Engagement&amp;esheet=53983626&amp;newsitemid=20240513201428&amp;lan=en-US&amp;anchor=Pegasystems+Inc.&amp;index=1&amp;md5=7e556df5d23b2ba0d659c92caa01dc53">Pegasystems Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>), the leading enterprise AI decisioning and workflow automation platform provider, today announced a strengthened relationship with HMRC, the UK&#39;s tax authority. HMRC signed a new five-year agreement that expands their use of Pega software and underscores Pega&#39;s commitment to supporting HMRC&#39;s digital transformation journey.
Pega software has been used by the Authority to simplify and personalise customer&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pega.com%2Fabout%2Fnews%2Fpress-releases%2Fpega-helps-hmrc-mitigate-risk-uk-government%25E2%2580%2599s-covid-19-support&amp;esheet=53983626&amp;newsitemid=20240513201428&amp;lan=en-US&amp;anchor=experience+for+many+years&amp;index=2&amp;md5=41ac6e5195c7cd7cf127619efc8b3614">experience for many years</a>. The new agreement will support greater use of Pega&#39;s Customer Service and Decisioning software across HMRC, enabling an increased digital and proactive self-service experience for the citizen, and reduced complexity for tax advisors.

Government

Regulations

PEGA

Pega Extends Relationship with UK's Tax Authority HMRC Through Customer Engagement Enterprise Agreement

SpaceX CEO Elon Musk on Saturday said that the company will be launching <a href="https://www.benzinga.com/news/24/03/37737774/starships-hour-long-third-flight-leaves-spacex-ceo-elon-musk-nasa-hopeful-despite-breakdown-over-ind">its Starship rocket</a> again in three to five weeks, pegging the next launch for sometime in June.
What Happened: The next flight test of Starship will launch probably in three to five weeks, Musk said on X. For the next flight of Starship, the goal is to <a href="https://www.benzinga.com/news/24/03/37976277/elon-musks-spacex-gears-up-for-starships-fourth-flight-with-yet-another-engine-test-goal-of-this-mis" target="_blank" rel="noreferrer noopener">re-enter Earth's atmosphere</a> with all systems functioning despite the extreme heat, he added.
&#8220;Probably 3 to 5 weeks. Objective is for the ship to get past max heating or at least further than last time,&#8221; Musk wrote. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Probably 3 to 5 weeks. Objective is for the ship to get past max heating or at least further than last time.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1789367327290712532?ref_src=twsrc%5Etfw">May 11, 2024</a></blockquote>
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Why It Matters:&nbsp;Starship is touted as the world&#8217;s most powerful launch vehicle with its 121-meter tall frame weighing approximately 5000 tonnes
During Starship's previous flight test on March 14, the spacecraft lost contact and broke down while re-entering the planet&#8217;s atmosphere instead of splashing down as planned in the Indian Ocean. The entirety of the last flight lasted about an hour. SpaceX launched the Starship twice last year — the first time in April and then in November.
NASA is currently relying on the success of Starship to&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/12/36296253/51-years-since-apollo-17-elon-musk-urges-humanity-to-surpass-moon-visit-as-civilizational-high-water" rel="noreferrer noopener">land humans back on the moon</a>. The agency expects to land&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/01/36692749/just-a-worse-version-of-apollo-elon-musk-baffled-by-nasa-veterans-push-to-ditch-spacex-blue-origin-a" rel="noreferrer noopener">two astronauts on the Moon</a>&nbsp;no earlier than September 2026 in the Artemis III mission with a lunar lander variant of the Starship.
The last crewed lunar mission occurred in 1972 with Apollo 17. Since then, no crew has traveled beyond low-Earth orbit.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/05/38778728/tesla-ceo-elon-musk-criticizes-biden-administrations-spending-efficiency-on-ev-charging-infrastructu">Tesla CEO Elon Musk Criticizes Biden Administration&#8217;s Spending Efficiency On EV Charging Infrastructure: &#8216;Government Is … Not Efficient At Spending&#8217;</a>
Image: Created with artificial intelligence on MidJourney and Official SpaceX Photos on Flickr

SPACE

Tech

SpaceX Starship Likely To Fly For 4th Time Next Month As Elon Musk Reaffirms New Goals

Trading Halt: Halted at 3:58:15 a.m. ET - Trading Halt: Halt News Pending

Phoenix Motor Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>), a leading manufacturer of heavy-duty transit buses, and electrification solutions provider for medium-duty vehicles, announced the production launch of its first fourth-generation drivetrain for Class-4 shuttle buses &amp; trucks. The first two units will be delivered to customers in New Jersey.
Phoenix is one of the earliest electric commercial vehicle manufacturers in the US, with over 150 fleet customers using its zero emission shuttle buses and trucks. Phoenix launched its first electric drivetrain in 2009 and sold its first Class4 EV in 2014. The fourth generation electric drivesystem is designed to improve efficiency, incorporating a 650V architecture, and improves safety with battery packs located within the chassis frame-rails. The new drivetrain also offers improved charging speeds, with&nbsp;20%&nbsp;to&nbsp;80%&nbsp;SOC gained in 20 min with a 150kW DC charger. The new electric drivetrain system will be integrated with Class-4 cutaway chassis to offer shuttle buses, Type-A school buses, work trucks, box trucks and delivery vans.

Phoenix Motor Starts Production of Fourth Generation Medium-Duty EVs

The year 2024 has reportedly seen a record number of U.S.-listed China-focused exchange-traded funds (ETFs) closing down, marking an all-time high since the inception of these funds. This trend reflects growing investor concerns about the world&#8217;s second-largest economy.
What Happened: According to data from Morningstar Direct, 13 U.S.-listed China ETFs have ceased operations in the first quarter of 2024 alone, the Financial Times<a href="https://www.ft.com/content/2f988ec0-d2b8-4eb0-8cec-71f25a4aa40b"> reported</a> on Monday. 
This surge in closures significantly surpasses the previous annual record of five closures in 2020 and 2023. Despite the global popularity of ETFs, which have seen 58 consecutive months of net inflows, leading to a record $12.7 trillion in assets by the end of March, ETFs focused on environmental, social and governance (ESG) factors are also witnessing record closures in the U.S. and globally.
Bryan Armour, director of passive strategies research, North America at Morningstar, links these closures to political pressures, stating that both China-focused and ESG ETFs have become &#8220;political footballs.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/05/38770095/stocks-surge-on-healthy-earnings-season-rising-jobless-claims-this-week-in-the-marke?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Stocks Surge On Healthy Earnings Season, Rising Jobless Claims: This Week In The Markets</a>
Furthermore, the rate of new ETF launches has significantly dropped. Only 33 China ETFs were introduced in the first quarter of 2024, a drastic decline compared to the 160 launched during 2023 and a record 291 during the peak in 2021. Similarly, the 18 ESG launches in the first quarter are a sharp slowdown from last year's 151 and 2021's peak of 313, as per Morningstar data.
Despite these closures, global ETF assets have increased. ESG ETFs worldwide now hold a record $542 billion of assets, driven by rising demand in Europe. Similarly, China-focused ETFs now hold $364 billion, up from $320 billion at the start of the year.
Why It Matters: Earlier this year, <a href="https://www.benzinga.com/markets/asia/24/05/38706682/chinese-stocks-surge-as-investors-bet-on-economic-turnaround-7-etfs-to-watch">Chinese stocks saw a significant rally,</a> with the SSE Composite Index reaching its highest level since September, indicating a potential economic turnaround. This was largely due to the country&#8217;s economic recovery following the bursting of a real estate bubble. 
Moreover, key ETFs such as KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>), KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBA#NYSE">KBA</a>), iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>), and iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38738819/the-dragon-awakens-kraneshares-cio-names-5-reasons-to-invest-in-chinas-stock-market">outperformed major U.S.-equity ETFs</a>, signaling a potential shift in the market landscape.
Despite the closures, the potential for growth in China&#8217;s internet and technology industries remains promising, as stated by Henry Greene, Investment Strategist at KraneShares, in an exclusive interview with <a href="https://www.benzinga.com/markets/asia/24/04/38097022/exclusive-chinas-stock-market-has-bottomed-indicating-a-potentially-rare-opportunity-says-investment">Benzinga</a>. This indicates the complex dynamics at play in the Chinese market.
Read Next: <a href="https://www.benzinga.com/news/24/05/38757323/philippines-national-security-adviser-demands-chinese-diplomats-expulsion-amid-south-china-sea-confl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Philippines National Security Adviser Demands Chinese Diplomats&#8217; Expulsion Amid South China Sea Conflict</a>
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Asia

KWEB

MCHI

China-Focused ETFs Have Become 'Political Footballs' In US As Investor Apprehension Leads To Large Scale Shutdown

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/news/24/05/38774065/apple-chooses-sam-altman-led-openai-to-integrate-chatgpt-into-iphone-deal-almost-done-report">inching closer to a partnership</a> with OpenAI has excited Deepwater Asset Management's Gene Munster about the potential this deal holds for the iPhone maker.
What Happened: Prominent Apple bull Munster thinks that integrated Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI's ChatGPT on the iPhone will be the "biggest upgrade in Siri's 13-year history."
Apple's voice assistant, Siri, was launched with a lot of fanfare with the iPhone 4S in 2011. Many companies, including Alphabet Inc.'s Google, and Samsung Electronics Co Ltd., launched their respective voice assistants to compete with Siri.
See Also: <a href="https://www.benzinga.com/news/24/05/38774244/openais-sam-altman-shoots-down-search-engine-and-gpt-5-rumors-teases-may-13-event-some-new-stuff-peo">OpenAI&#8217;s Sam Altman Shoots Down Search Engine And GPT-5 Rumors, Teases May 13 Event: &#8216;Some New Stuff…People Will Love&#8217;</a>
However, development in terms of Siri's capabilities has slowed down in the past few years.
Now, with Apple and OpenAI inching closer to striking a highly-anticipated partnership, Munster thinks not only will this be accessible by at least 80% of Apple's over 2.2 billion users, it could even open up a new revenue stream for Cupertino.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Munster echoed another Apple bull, Wedbush's Dan Ives, who thinks the company has the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38219057/wedbushs-dan-ives-says-apple-has-best-installed-base-in-the-world-for-its-ai-future">"best-installed base in the world"</a> for its AI ambitions.
"I believe this could open up a new revenue stream."
That said, it remains to be seen if and how Apple monetizes Siri in the future.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NYT reporting <a href="https://twitter.com/search?q=%24AAPL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AAPL</a> will announce Siri with generative AI at WWDC. I believe this could open up a new revenue stream. For starters, this will represents the biggest upgrade in Siri&#39;s 13 year history. I estimate about 80% of Apple&#39;s 2.2B + installed base can access Siri (1.25B…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1789019617710473376?ref_src=twsrc%5Etfw">May 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The potential upgrade to Siri follows a <a href="https://www.benzinga.com/news/24/04/38040467/apple-quietly-unveils-new-ai-model-realm-that-outperforms-openais-gpt-4-despite-being-much-lighter-a">series of AI-related developments at Apple</a>. The company is reportedly finalizing an agreement with OpenAI to integrate ChatGPT features into <a href="https://www.benzinga.com/news/24/03/37932418/apple-reportedly-readying-ios-18-with-home-screen-redesign-and-ai-upgrades">iOS 18</a>, the upcoming iPhone operating system.
Apple&#8217;s AI efforts have been a point of focus, with CEO <a href="https://www.benzinga.com/markets/equities/24/05/38610325/tim-cook-very-bullish-on-apples-generative-ai-efforts-despite-lower-capital-expenditure-than-riv">Tim Cook expressing confidence</a> in the company&#8217;s AI prospects despite concerns from investors. Cook revealed that Apple has invested $100 billion in research and development over the past five years, with a focus on unveiling new AI features at the upcoming WWDC.
Additionally, Apple is reportedly <a href="https://www.benzinga.com/news/24/05/38660564/apple-reportedly-working-to-join-the-ranks-of-microsoft-amazon-meta-by-developing-its-own-ai-chips-f">working on its own AI chips</a> for data centers, a move that could potentially disrupt the market. The project, codenamed ACDC, is an extension of Apple&#8217;s existing in-house chip efforts for its devices.
Price Action: Apple&#8217;s stock closed at $183.05 on Friday, down 0.69% from the previous day, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38723527/elon-musk-agrees-meta-cant-be-trusted-after-zuckerberg-led-social-media-giant-hit-with-37m-fine-over?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees ‘Meta Can't Be Trusted' After Zuckerberg-Led Social Media Giant Hit With $37M Fine Over Data Sharing Practices</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AAPL

MSFT

'Biggest Upgrade In Siri's 13-Year History:' Top Analyst Strikes Bullish Note On Apple Inching Closer To Powering Its Virtual Assistant With OpenAI's ChatGPT

The QIAstat-Dx Respiratory Panel Plus is designed to support clinical decision-making in diagnosing upper respiratory infections and covers 21 viral and bacterial targets. It was previously authorized under a U.S. FDA Emergency Use Authorization (EUA) as the QIAstat-Dx Respiratory SARS-CoV-2 Panel. The panel leverages QIAstat-Dx&#39;s ability to quickly amplify many genetic targets at once using real-time PCR technology, delivering results in about one hour and with less than one minute of hands-on time. Cycle threshold (Ct) values and amplification curves are easily viewable and provide healthcare professionals with additional clinical information.

QGEN

FDA Clears QIAGEN's Qiastat-Dx Respiratory Syndromic Testing Panel For Fast And Accurate Results

Alpha Odds, Sportradar&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRAD#NASDAQ">SRAD</a>) AI-driven personalised odds technology, boosted profits for sportsbook operators by an average of&nbsp;15%&nbsp;during the UEFA European Championship Qualifying Matches.&#x2A; With the upcoming UEFA Euro 2024 anticipated to generate more than &euro;62.2 billion in global betting turnover, operators can maximize profits and manage risk by utilizing this product during the quadrennial tournament. 
&nbsp;
Launched in 2022, Alpha Odds leverages Sportradar&#39;s advanced AI technology to more accurately predict the probability of a game event taking place, enabling operators to manage their risk more effectively. When combined with real-time and predicted liquidity, Alpha Odds allows operators to generate bespoke betting prices in line with their risk exposure and liabilities.
As examples of how Alpha Odds increased profitability for operators during the UEFA Euro 2024 Qualifiers, where one team was heavily favoured, Alpha Odds helped clients manage risk in real-time and continue to accept bets as goals were tallied and the scoreline grew. Additionally, while a conventional odds service would have left operators vulnerable to a matchday of customer friendly results, such as all the favourites winning at home by two or more goals, Alpha Odds&#39; predictive capabilities enabled instant adjustments, safeguarding sportsbooks against significant losses, as a match unfolded.

SRAD

Sportradar's Alpha Odds Drives 15% Profit Surge for Sportsbooks During UEFA Matches, Eyes Bigger Gains for Euro 2024

Rep. Alexandria Ocasio-Cortez (D-N.Y.) came down hard on the <a href="https://www.benzinga.com/news/23/06/32843338/warren-buffett-says-the-american-healthcare-system-is-a-tapeworm-destroying-our-economy">U.S. healthcare system, </a>a preview of a yet-to-be-aired podcast showed on Sunday.
What Happened: Ocasio-Cortez slammed the rising healthcare cost that Americans are left to contend with, in an episode of Sen. Bernie Sanders&#8216; (I-Vt.) <a href="https://www.instagram.com/berniesanders/reel/C64h3y3OkLV/">podcast</a> that is scheduled to air on Wednesday. &#8220;The fact that people are choosing between medicine and rent is barbarism,&#8221; she said.
&#8220;The fact that people are worried about whether they will be on the Street every four weeks is barbarism.&#8221;
The Congresswoman also highlighted the tough choices the American public is left to make. &#8220;The fact that every person has an ache or pain in their body, and they are scarred it could either be, just a sore joint or cancer, but they can&#8217;t find out because they can&#8217;t afford the doctor. This is barbaric,&#8221; she said.
Ocasio-Cortez underlined the need to act on the malaise. &#8220;If we do not demand, and not only demand, but win, unions, healthcare, wages, ending endless wars, then we will condemn ourselves to barbarism,&#8221; she said.
The representative committed to fighting for the cause. &#8220;And I refuse to give up. I refuse to submit myself to that future,&#8221; she said.
&#8220;That&#8217;s not a life. So, to live, we have to fight for each other,&#8221; she said.
See Also: <a href="https://www.benzinga.com/money/best-healthcare-stocks">Best Healthcare Stocks Right Now</a>
Why It&#8217;s Important: America has one of the highest healthcare costs in the world, with healthcare spending hitting $4.5 trillion in 2022, a <a href="https://www.pgpf.org/blog/2024/01/why-are-americans-paying-more-for-healthcare#:~:text=The%20United%20States%20has%20one,less%20than%20half%20as%20much.">report </a>released by the Peter G. Peterson Foundation in January said. Per-capita healthcare spending worked out to $13,493 compared to less than half as much prevailing in other wealthy countries, the report said.
As a percentage of GDP, healthcare costs have risen from 5% in 1962 to 17% in 2022. 
The spike, according to the report, could be due to increased utilization as well as higher costs charged for healthcare services. Incidentally, lawmakers have shown displeasure over the higher prescription drug costs pharma companies charge. 
Ocasio-Cortez is among the lawmakers, who supported the<a href="https://www.benzinga.com/topic/inflation-reduction-act"> Biden administration&#8217;s Inflation Reduction Act of 2022</a>, which envisages investment in climate and energy to tackle the climate crisis, advancing environmental&nbsp;justice.
The iShares U.S. Healthcare ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYH#NYSE">IYH</a>) edged up 0.02% to $60.27, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data.</a>
Read Next:<a href="https://www.benzinga.com/government/24/05/38782080/seems-low-elon-musk-questions-pfizers-0-tax-bill-but-did-tesla-pony-up-to-uncle-sam"> &#8216;Seems Low:&#8217; Elon Musk Questions Pfizer&#8217;s $0 Tax Bill, But Did Tesla Pony Up To Uncle Sam?</a>
Photo via Shutterstock

Media

iShares Trust Dow Jones US Healthcare Sector Index Fund

'Barbarism:' AOC Unleashes Fury On US Healthcare System As People Are 'Choosing Between Medicine And Rent'

HAMBURG, Germany, May 12, 2024 (GLOBE NEWSWIRE) --&nbsp;ISC&nbsp;-- NVIDIA today announced that it will accelerate quantum computing efforts at national supercomputing centers around the world with the open-source&nbsp;<a href="https://developer.nvidia.com/cuda-q" target="_blank">NVIDIA CUDA-Q&trade; platform</a>. 
&nbsp;
Supercomputing sites in Germany, Japan and Poland will use the platform to power the&nbsp;<a href="https://blogs.nvidia.com/blog/what-is-a-qpu/" target="_blank">quantum processing units</a>&nbsp;(QPUs) inside their NVIDIA-accelerated high-performance computing systems.
QPUs are the brains of quantum computers that use the behavior of particles like electrons or photons to calculate differently than traditional processors, with the potential to make certain types of calculations faster.

NVDA

NVIDIA Accelerates Quantum Computing Centers Worldwide With CUDA-Q Platform

Inventiva (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVA#NASDAQ">IVA</a>), a clinical-stage biopharmaceutical company focused on the development of oral small molecule therapies for the treatment of metabolic dysfunction-associated steatohepatitis (&quot;MASH&quot;), also known as non-alcoholic steatohepatitis (&quot;NASH&quot;), and other diseases with significant unmet medical needs, today announced the&nbsp;<a href="https://www.globenewswire.com/Tracker?data=sgIt23JeUFmREhgwFHBZmypthDrQ5cJg-bMqn0RlAirO9MXICTaMvigpHmDksNke4DP-fgRfgLQzZ1TFGUzY_UbPX2oIB11X22bezZE6H7ggS4GxL2FxIi5djhmWbA2Y" target="_blank">publication</a>&nbsp;in the peer-reviewed scientific journal&nbsp;Nature Communications&nbsp;of additional results from its NATIVE Phase IIb clinical trial demonstrating the improvement of markers of cardiometabolic health in patients with MASH/NASH treated with lanifibranor.
In the NATIVE Phase IIb clinical trial which demonstrated improvement on liver histology following a 24-week period with lanifibranor 800mg and 1200mg daily, including NASH resolution and fibrosis improvement, a broad panel of markers of cardiometabolic health were also measured. Following lanifibranor treatment, the trial demonstrated significant improvement in patients with MASH/NASH with and without Type 2 Diabetes and with or without obesity of markers of insulin resistance (fasting insulin level, HOMA-IR), glycemic control (fasting glucose, HbA1c), lipid metabolism (triglycerides, HDL-C, APO-B, APO-B/APO-A1), adiponectin, systemic inflammation (hs-CRP, ferritin), diastolic blood pressure and hepatic steatosis (histological grading and ultrasound-based (Fibroscan CAPTM)) (see table below).

Inventiva Announces the Publication in Nature Communications of Additional Results from NATIVE Phase IIb Clinical Trial Demonstrating Improvement of Markers of Cardiometabolic Health in Patients with MASH/NASH Treated with Lanifibranor

ISC&mdash;Driving a fundamental shift in the high-performance computing industry toward AI-powered systems, NVIDIA today announced nine new supercomputers worldwide are using&nbsp;NVIDIA Grace Hopper&trade; Superchips&nbsp;to speed scientific research and discovery. Combined, the systems deliver 200 exaflops, or 200 quintillion calculations per second, of energy-efficient AI processing power

NVIDIA Launches Nine Grace Hopper-Powered Supercomputers Globally, Advancing Scientific Research

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has reportedly received approval from the Office of the Management Committee of Lingang New Area, China (Shanghai) Pilot Free Trade Zone, for its new <a href="https://www.benzinga.com/news/24/04/38064935/teslas-hidden-powerhouse-ev-giant-tries-to-shift-investor-focus-to-energy-business-amid-auto-slowdow">megafactory project.</a>
What Happened: The project is located in Nanhui New Town, Pudong New Area, and will cover over 204,000 square meters, local media platform Pandaily <a href="https://pandaily.com/teslas-shanghai-megafactory-energy-storage-construction-plan-approved/">reported </a>on Thursday. Tesla currently has only one megafactory, located in Lathrop, California. 
A Megapack is a powerful stationary battery that stabilizes the grid. Each unit can store over 3.9 MWh of energy or enough to power an average of 3600 homes for one hour, according to Tesla.
Deliveries from the new factory will reportedly start by the first quarter of 2025. Tesla first announced plans to manufacture 10,000 Megapacks in a year in China, equalling about 40 gigawatts of energy storage, in April 2023. 
Why It Matters: Last month, Tesla CEO&nbsp;Elon Musk&nbsp;said that the demand for its<a href="https://www.benzinga.com/news/24/04/38064935/teslas-hidden-powerhouse-ev-giant-tries-to-shift-investor-focus-to-energy-business-amid-auto-slowdow" target="_blank" rel="noreferrer noopener">&nbsp;stationary energy storage products&nbsp;</a>is &#8220;super high&#8221; and hinted that the company might make more batteries for energy storage than cars in the long term.
In the first quarter of 2024, Tesla deployed 4,053 MWh of energy storage products, representing its highest quarterly deployment to date and a year-on-year increase of 4.2%.&nbsp;
In January, the company&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/01/36771860/teslas-energy-segment-faces-q4-dip-as-automotive-grew-but-elon-musk-led-company-expects-trend-revers" rel="noreferrer noopener">expressed expectations&nbsp;</a>for the growth rate of deployment and revenue in the energy storage business in 2024 to surpass that of the automotive sector.
Tesla acknowledged that deployments may be subject to volatility and impacted by logistics and global product distribution. Nevertheless, it remains optimistic about continued growth on a 12-month basis.
The EV giant already operates a 4.5-million-square-foot facility in China, <a href="https://www.benzinga.com/markets/equities/24/04/38355310/if-you-had-invested-1000-in-tesla-stock-when-ev-giant-entered-china-exactly-10-years-ago-heres-h" target="_blank" rel="noreferrer noopener">Giga Shanghai</a>, which produces the popular Model 3 and Model Y SUVs and rolled out its 2-millionth vehicle in September last year.
The move also comes amid&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/05/38733432/tesla-cuts-more-jobs-in-china-as-competition-heats-up" rel="noreferrer noopener">Tesla&#8217;s&nbsp;largest&nbsp;layoffs</a>,&nbsp;which has also significantly affected&nbsp;its Chinese workforce.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/05/38776258/tesla-ceo-elon-musk-draws-parallel-between-netflixs-decision-to-focus-on-streaming-over-renting-dvds">Tesla CEO Elon Musk Draws Parallel Between Netflix&#8217;s Decision To Focus On Streaming Over Renting DVDs To EV Maker Doubling Down On Vehicle Autonomy</a>
Photo courtesy: Tesla

TSLA

China Greenlights Another Big Tesla Factory, This Time For Megapack Project

Ecolab and HeiQ Chrisal have teamed up to launch the revolutionary Maxx Synbiotic cleaning range at Interclean in&nbsp;Amsterdam, The Netherlands.&nbsp;
Ecolab, a global sustainability leader offering water, hygiene, and infection prevention solutions and services, and HeiQ Chrisal, a leading biotech innovator, are proudly collaborating to introduce advanced synbiotic cleaning products to the European cleaning industry. At Interclean in&nbsp;Amsterdam,&nbsp;May 14-17, the Maxx Synbiotic range will be introduced to the professional cleaning industry throughout&nbsp;Europe.
Harnessing the power of pre- and probiotics, the 50 billion probiotics per liter of Maxx Synbiotic deliver immediate, continuous, and microscopic-level cleaning, highly efficient odor reduction, long-lasting efficacy, and support for a well-balanced microbiome on surfaces. HeiQ&#39;s synbiotic cleaning technology was validated in several scientific studies, e.g. the landmark study published in&nbsp;May 2023&nbsp;in The Lancet by renowned Charit&eacute; University Hospital Berlin.

Ecolab and HeiQ Launched Synbiotic Cleaning Products at Interclean in Amsterdam, The Netherlands

International Supercomputing Conference (ISC) -- Supermicro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>),&nbsp;a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is addressing the most demanding requirements from customers who want to expand their AI and HPC capacities while reducing data center power requirements. Supermicro delivers complete liquid-cooled solutions, including cold plates, CDUs, CDMs, and entire cooling towers. A significant reduction in the PUE of a data center is quickly realized with data center liquid-cooled servers and infrastructure, and this can reduce overall power consumption in the data center by up to&nbsp;40%.

SMCI

Supermicro's Rack Scale Liquid-Cooled Solutions with the Industry's Latest Accelerators Target AI and HPC Convergence

These Basic Materials stocks are trading higher:-Hycroft Mining Holding Corporation (HYMC) stock is trading at $2.67, a gain of $0.46, or 20.01%, on high volume.  Hycroft Mining Holding Corporation gets a Sentiment Score of Bearish from InvestorsObserver.  -Universal Stainless and Alloy Products Inc (USAP) stock is trading

Basic Materials Stocks Making Moves Monday: HYMC, USAP, AUST, CDE, AYASF, HLP, MTRN, AREC

Commodity Roundup: ANZ keeps yr-end gold price target of $2,300; WTI futures top $85

Commodity Roundup: ANZ keeps yr-end gold PT of $2,300; WTI futures top $85

Austin Gold Corp. (AUST) has released an update. Austin Gold Corp. has announced its annual general meeting for shareholders, scheduled for May 8, ...

Austin Gold Corp. Schedules 2024 Shareholder Meeting

DNMR, RDUS and TMC are among materials movers

HCC, NEWP and NTO are among materials movers

HYMC, NB and RETO are among materials movers

Catalyst Watch: Tesla, Boeing and General Motors brace for earnings fireworks

Austin Gold Corp. (AUST) has released an update. Austin Gold Corp. reports a drop in total assets from $12,005,240 as of December 31, 2023, to $11,...

Austin Gold Corp. Q1 Financial Snapshot

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