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AIB Group PLC is a banking services company. The company's operating segments are Retail Banking; Capital Markets; AIB UK and Group. It generates maximum revenue from the Retail Banking segment. Retail Banking segment comprises Homes and Consumer, SME and Financial Solutions Group (FSG) in a single integrated segment, focused on meeting the current, emerging and future needs of personal and SME customers. Geographically, it derives a majority of revenue from Ireland and also has a presence in the United Kingdom and the Rest of the World.

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Former President Donald Trump's <a href="https://www.benzinga.com/markets/cannabis/24/08/40666944/donald-trump-supports-cannabis-legalization-in-florida-game-changer-and-huge-blow-to-ron-desanti">Saturday announcement</a> that he is throwing his support behind <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">Florida&#8217;s Amendment 3,</a> the proposed constitutional amendment that seeks to legalize recreational marijuana, elicited an immediate response from the cannabis industry. 
<a href="https://www.benzinga.com/topic/kim-rivers">Kim Rivers</a>,&nbsp;CEO of&nbsp; Florida&#8217;s largest medical marijuana company&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative" target="_blank" rel="noreferrer noopener">Trulieve</a>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>), which has been a <a href="https://www.benzinga.com/markets/cannabis/24/08/40486924/ken-griffins-12m-donation-and-desantiss-anti-cannabis-pacs-face-off-against-pro-legalization-gro">huge financial backer</a> of Amendment 3, thanked the former president Trump.
Her comments on X were followed by former Republican Party of Florida Chair&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/40085870/ron-desantis-and-gop-stalwart-feud-over-cannabis-legalization-trump-floridas-top-cops-also-weigh" target="_blank" rel="noreferrer noopener">Joe Gruters who came out in favor</a>&nbsp;of cannabis legalization over the summer. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>! "We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana."<a href="https://twitter.com/hashtag/YesOn3?src=hash&amp;ref_src=twsrc%5Etfw">#YesOn3</a> <a href="https://t.co/p5aXVSlCHQ">https://t.co/p5aXVSlCHQ</a>
&mdash; Kim Rivers (@rivers_kim) <a href="https://twitter.com/rivers_kim/status/1829895544329945322?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
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Boris Jordan, founder, chairman &amp; CEO of Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) pointed out what many have likely been thinking over the course of the past several months regarding the U.S. political landscape as we head into the <a href="https://www.benzinga.com/topic/2024-election">November 2024 elections</a>.
"This year&#8217;s election continues to be historic, and today we have two candidates who have publicly adopted pro-cannabis stances. It&#8217;s a milestone that both candidates are meeting U.S. voters where they&#8217;re at, as this is a bipartisan issue with the vast majority of Americans now in support of legalization in some form," said Jordan in a post on X. 
<h2 class="wp-block-heading">Trump Is Joining &#8216;Millions Of Americans&#8217; </h2>
"We welcome former President Trump&#8217;s comments on Amendment 3 in Florida, which would legalize adult use cannabis in the state. He joins millions of Americans who have reassessed their views on cannabis in recent years," said David Culver, SVP of Public Affairs for the US Cannabis Council in an email to Benzinga.
"Amendment 3 enjoys strong bipartisan support from Florida voters, and President Trump&#8217;s support could prove pivotal for meeting the 60% threshold required to become law. We look forward to hearing more from him about how he would approach cannabis reform if elected this November."
<h2 class="wp-block-heading">Governor Ron DeSantis?</h2>
So far no word from the governor who has been <a href="https://www.benzinga.com/markets/cannabis/24/07/39827912/ron-desantis-blasts-floridas-cannabis-legalization-ballot-at-rnc-it-would-allow-80-joints-a-day-">outspoken about his opposition</a> to legalizing marijuana in Florida.
<h2 class="wp-block-heading">What Trump Said </h2>
"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3… at the same time, someone should not be a criminal in Florida, when this is legal in so many other states. We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana," Trump wrote on his&nbsp;<a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786" target="_blank" rel="noreferrer noopener">Truth Social platform</a>&nbsp;on Saturday.
Photo: Shutterstock

Cannabis

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TCNNF

Trump's Cannabis Endorsement - Marijuana Industry Responds: 'We Have Two Candidates' Who Are Pro-Marijuana

In his new book Save America, Donald Trump threatens Facebook founder Mark Zuckerberg <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">with life imprisonment</a>.
What Happened: Trump&#8217;s book contains a direct threat aimed at Zuckerberg. The ex-president accuses the Facebook founder of conspiring against him during his tenure and issues a warning of harsh repercussions if he partakes in any unlawful activities in the forthcoming 2024 Presidential Election.
In the book, beneath a photo of Zuckerberg&#8217;s White House visit with Trump, the former president noted that Zuckerberg &#8220;would visit the Oval Office to meet me&#8221; and &#8220;often brought his very kind wife to dinners, being exceptionally pleasant, yet was simultaneously scheming to implement disgraceful Lock Boxes in a genuine plot against the President.&#8221;
&#8220;He told me there was nobody like Trump on Facebook. But at the same time, and for whatever reason, steered it against me. We are watching him closely, and if he does anything illegal this time he will spend the rest of his life in prison — as will others who cheat in the 2024 Presidential Election,&#8221; Trump said as quoted <a href="https://www.mediaite.com/news/trump-threatens-mark-zuckerberg-with-prison-for-the-rest-of-his-life-if-he-uses-facebook-to-cheat-in-2024-we-are-watching-him-closely/">by</a> Mediaite. 
In a recent correspondence with House Judiciary Committee Chairman Jim Jordan, Zuckerberg confessed that Facebook had erroneously downgraded The New York Post&#8217;s contentious story about Hunter Biden&#8217;s laptop in 2020.
Also Read: <a href="https://www.benzinga.com/news/22/09/28744962/trump-says-weirdo-mark-zuckerberg-came-to-white-house-for-dinner-with-him-last-week-1">Speaking At Rally, Trump Says &#8216;Weirdo&#8217; Mark Zuckerberg Once Came To White House For Dinner</a>
The Meta Platforms CEO acknowledged the mistake and in a statement on X, he assured that the firm has updated its policies to avert such occurrences in the future.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JUST IN &#8211; Zuckerberg regrets working with the Biden-Harris administration to censor Covid era information online. <a href="https://t.co/vD4Ug5ebqh">pic.twitter.com/vD4Ug5ebqh</a>
&mdash; Disclose.tv (@disclosetv) <a href="https://twitter.com/disclosetv/status/1828208501925257631?ref_src=twsrc%5Etfw">August 26, 2024</a></blockquote>
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This is not the first instance where Trump has issued a threat to Zuckerberg. In July, on his platform Truth Social, Trump cautioned about severe measures against those involved in election fraud, indirectly referring to Zuckerberg&#8217;s investments in election infrastructure in 2020.
Why It Matters: The relationship between Trump and Zuckerberg has been fraught with tension, particularly during and after the 2020 Presidential Election. 
Trump&#8217;s accusations of election fraud and his subsequent removal from Facebook have only added fuel to the fire. 
This latest threat in Trump&#8217;s book is a clear indication of the ongoing feud between the two, with potential implications for Facebook&#8217;s role in future elections.
Read Next
<a href="https://www.benzinga.com/news/24/07/39723781/trump-threatens-to-jail-metas-mark-zuckerberg-and-election-fraudsters-if-re-elected-dont-do-it-be-ca">Trump Threatens To Jail Meta&#8217;s Mark Zuckerberg And &#8216;Election Fraudsters&#8217; If Re-Elected</a>
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.

Social Media

Trump Warns Zuckerberg In Latest Book, Says He Could Be In Prison For The Rest Of His Life: 'We Are Watching Him Closely'

Elon Musk has suggested that his X social medial could face similar challenges in the U.S. as it did in Brazil if <a href="https://www.benzinga.com/news/24/07/39872015/teslas-elon-musk-recently-pledged-a-huge-donation-to-donald-trump-and-the-ex-president-returned-the">Kamala Harris wins the upcoming election.</a>
What Happened: Musk voiced his concern on X. He said 2024 has witnessed unparalleled attacks on free speech and that the U.S. could experience the same if Kamala Harris and her running mate, Tim Walz, come to power.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The attacks this year on free speech are unprecedented in the 21st century. It will happen in America too if Kamala/Walz gain power. Just listen to what they've said. <a href="https://t.co/TkHxCOcs1w">https://t.co/TkHxCOcs1w</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829624971909357576?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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In Brazil, the X platform encountered legal hurdles when Supreme Court Judge Alexandre de Moraes demanded the suspension of its operations.
This move was triggered after Musk reportedly declined to assign a legal representative in Brazil. Following threats to its staff, X declared on August 17 that it would close its office in Brazil.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#120143; is the most used news source in Brazil. It is what the people want. Now, the tyrant de Voldemort is crushing the people's right to free speech. <a href="https://t.co/gR8aq3JzzU">https://t.co/gR8aq3JzzU</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829778143449698764?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
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Musk earlier accused de Moraes of infringing the Constitution by attempting to block accounts of supporters of ex-President Jair Bolsonaro.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures" target="_blank" rel="noreferrer noopener">What A Second Trump Presidency Would Mean For Elon Musk And His Many Ventures</a>
De Moraes launched an investigation into allegations that Musk utilized the X platform to disseminate disinformation and destabilize democratic institutions.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They're shutting down the #1 source of truth in Brazil <a href="https://t.co/RasqcQ3ySM">https://t.co/RasqcQ3ySM</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829628052646564181?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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Why It Matters: The potential implications of this prediction are significant. If Musk&#8217;s predictions come to pass, it could mean a major shift in the landscape of social media platforms in the U.S. 
The X platform, which has been a major player in the social media space, could face legal and operational challenges similar to what it experienced in Brazil. 
This could impact the platform&#8217;s user base, revenue, and overall standing in the market. It also raises questions about the future of free speech and the role of social media platforms in political discourse.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40542027/elon-musk-asks-on-x-what-party-do-you-affiliate-with">Elon Musk Asks On X: What Party Do You Affiliate With?</a>

Tech

Elon Musk Says Kamala Harris Win Could Mean Trouble For X: 'It Will Happen In America Too If Kamala/Walz Gain Power'

The U.S. housing market has been tumultuous <a target="_blank" href="https://www.benzinga.com/economics/24/08/40259694/housing-inches-toward-buyers-market-as-mortgage-rates-fall-but-with-one-caveat-report" rel="noreferrer noopener">due to persistent interest rate hikes</a>.
However, an upward revision of<a href="https://www.benzinga.com/news/large-cap/24/08/40639345/traders-scale-back-bets-on-50-basis-point-september-rate-cut-ahead-of-fridays-key-fed-inflation-ga"> U.S. gross domestic product growth</a> in the second quarter has led speculators to reconsider their bets on a substantial 50-basis-point&nbsp;<a href="https://www.benzinga.com/markets/equities/24/08/40627044/us-dollar-oil-prices-tech-stocks-rise-as-gdp-roars-by-3-in-q2-bonds-yen-slip-as-bets-for-large-r" target="_blank" rel="noreferrer noopener">rate cut next month.</a>
With mortgage rates expected to decrease, experts advise homebuyers to act swiftly to secure the best deals before the opportunity closes.
Looking ahead, several dynamic trends are set to shape the housing market.
According to a <a href="https://www.noradarealestate.com/blog/housing-market-forecast-for-next-5-years/" target="_blank" rel="noreferrer noopener">note</a> by Norada Real Estate Investments, the market will remain strong over the next five years, though it will experience some dramatic shifts. Home prices are projected to continue rising, but at a slower pace than in recent years, offering a more gradual increase. While the supply of homes is expected to grow, addressing the previous shortage should ease the inventory crunch that has driven prices up.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40230627/a-ton-of-landlords-are-about-to-raise-rents-this-year" rel="noreferrer noopener">A Ton Of Landlords Are About To Raise Rents This Year</a>
Despite the Federal Reserve&#8217;s past rate hikes raising borrowing costs and dampening buyer enthusiasm, a gradual rate decline could rekindle demand and revitalize the market.
However, competition will remain fierce due to robust job growth, population expansion, and limited land availability.
<h3 class="wp-block-heading">2024 Forecast</h3>
The U.S. housing market is anticipated to slow, with home prices either stabilizing or seeing a slight decline. Zillow&#8217;s latest forecast for 2024 projects a 1.8% national increase in home values, indicating a period of market stability, Norada Real Estate Investments added.
Stock Opportunities
As home prices are expected to remain stable or increase modestly, homebuilders are likely to benefit from sustained demand and favorable conditions. This stability should support their revenue growth through ongoing construction and sales.
According to a June report by the<a href="https://www.nahb.org/blog/2024/06/pro-builder-housing-giants"> National Association of Home Builders</a>, the top three homebuilders by revenue, closings, and home types are:
<ul>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>): DHI stock has surged over 58% in the past year. Wells Fargo recently raised its <a href="https://www.benzinga.com/quote/DHI/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast </a>to $220 from $210 while maintaining an Overweight rating. Investors can consider the iShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) for exposure.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>): LEN stock has risen more than 52% in the past year. Wells Fargo increased its price forecast to $195 from $185, also maintaining an <a href="https://www.benzinga.com/quote/LEN/analyst-ratings" target="_blank" rel="noreferrer noopener">Overweight </a>rating. The AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) offers a way to invest in Lennar.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>): TOL stock has jumped over 75% in the past year. Wedbush raised its<a href="https://www.benzinga.com/quote/TOL/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast</a> to $148 from $120, keeping a Neutral rating. The Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEZ#NASDAQ">PEZ</a>) provides investment exposure.</li>
</ul>
Overall, the U.S. housing market is poised for stability this year, with modest price increases and benefits for homebuilders. Prices are projected to rise 3-5% annually through 2029, while mortgage rates are expected to stabilize above pre-pandemic levels, Norada reported. This evolving landscape, marked by a shift towards suburban and rural demand and technological advancements, will require buyers and investors to remain informed and adaptable, the report added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40649198/housing-market-in-biggest-bubble-of-all-time-warns-reventure-ceo-this-situation-is-not-sustainable" target="_blank" rel="noreferrer noopener">Housing Market In &#8216;Biggest Bubble Of All Time,&#8217; Warns Reventure CEO: &#8216;This Situation Is Not Sustainable&#8217;</a></li>
</ul>

Equities

Macro Economic Events

Economics

iShares Dow Jones US Homenstruction Index Fund

PowerShares Dynamicnsumer Discretionary Sector Portfolio

Rate Cuts Coming: Is It The Perfect Time For Homebuyers To Strike Big Deals?

The contentious Donald Trump biopic &#8220;The Apprentice&#8221; is scheduled for release <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">in the U.S. just ahead of the election.</a>
The Hollywood Reporter <a href="https://www.hollywoodreporter.com/movies/movie-news/trump-film-the-apprentice-release-date-awards-campaign-1235984424/" target="_blank" rel="noreferrer noopener">reports</a> that the film, which debuted at the Cannes Film Festival, will hit theaters in the U.S. on October 11, less than a month before the election.
In June, it was announced that the 80s-set drama was acquired by Briarcliff Entertainment, a relatively small company known for films like the Liam Neeson thrillers &#8220;Memory&#8221; and &#8220;The Marksman&#8221; and Michael Moore&#8217;s 2018 anti-Trump film &#8220;Fahrenheit 11/9,&#8221; <a href="https://www.theguardian.com/film/article/2024/aug/30/trump-apprentice-biopic" target="_blank" rel="noreferrer noopener">reported</a> The Guardian.
The distributor is now reportedly planning a limited festival run prior to the release, as well as an awards campaign.
Also Read:<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/05/38946127/trump-movie-director-claps-back-at-criticism-lawsuit-threats-no-nice-metaphorical-way-to-de" rel="noreferrer noopener"> Trump Movie Director Claps Back At Criticism, Lawsuit Threats: &#8216;No Nice Metaphorical Way To Deal With Fascism&#8217;</a>
The film features Sebastian Stan portraying Trump under the mentorship of Roy Cohn, played by Jeremy Strong, set in 1980s New York City.
Directed by Iranian filmmaker Ali Abbasi, known for his controversial thriller &#8220;Holy Spider&#8221; that led to death threats against lead actor Zar Amir Ebrahimi, the film promises a provocative take on its subject.
The film received a mixed reception following its premiere in May.
Peter Bradshaw of The Guardian labeled it as &#8220;obtuse and irrelevant,&#8221; while Owen Gleiberman from &#8220;Variety&#8221; commended it as &#8220;sharp and scathing.&#8221;
It also attracted significant attention for a controversial scene depicting Trump assaulting his then-wife Ivana, played by Maria Bakalova.
Trump&#8217;s legal team issued a cease-and-desist letter to the filmmakers, labeling the movie as &#8220;malicious defamation.&#8221;
During their 1990 divorce proceedings, Ivana Trump had initially accused him of sexual assault, though she later retracted the claim. Since the 1970s, at least 26 women have accused Trump of sexual assault or harassment, all of which he has denied, The Guardian added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="http://The contentious Donald Trump biopic 'The Apprentice' is scheduled for release in the US just ahead of the election. The Hollywood Reporter reports that the film, which debuted at the Cannes Film Festival, will hit theaters in the US on October 11, just weeks before the election. In June, it was announced that the 80s-set drama was acquired by Briarcliff Entertainment, a relatively small company known for films like the Liam Neeson thrillers Memory and The Marksman and Michael Moore's 2018 sequel Fahrenheit 11/9, reported The Guardian. The distributor is now reportedly planning a limited festival run prior to the release, as well as an awards campaign. Also Read: Trump Movie Director Claps Back At Criticism, Lawsuit Threats: 'No Nice Metaphorical Way To Deal With Fascism' The film features Sebastian Stan portraying Trump under the mentorship of Roy Cohn, played by Succession's Jeremy Strong, set in 1980s New York City. Directed by Iranian filmmaker Ali Abbasi, known for his controversial thriller Holy Spider that led to death threats against lead actor Zar Amir Ebrahimi, the film promises a provocative take on its subject. The film received a mixed reception following its premiere in May. Peter Bradshaw of The Guardian labeled it as &quot;obtuse and irrelevant,&quot; while Owen Gleiberman from Variety commended it as &quot;sharp and scathing.&quot; It also attracted significant attention for a controversial scene depicting Trump assaulting his then-wife Ivana, played by Maria Bakalova. Trump's legal team issued a cease-and-desist letter to the filmmakers, labeling the movie as &quot;malicious defamation.&quot; During their 1990 divorce proceedings, Ivana Trump had initially accused him of sexual assault, though she later retracted the claim. Since the 1970s, at least 26 women have accused Trump of sexual assault or harassment, all of which he has denied, The Guardian added. Read Next: Trump Campaign Threatens Legal Action Over Controversial New Biopic About Ex-President That Received 8-Minute Ovation At Cannes: 'Pure Malicious Defamation'">Trump Campaign Threatens Legal Action Over Controversial New Biopic About Ex-President That Received 8-Minute Ovation At Cannes: &#8216;Pure Malicious Defamation&#8217;</a></li>
</ul>
Photo: Shutterstock

Media

Trump Biopic 'The Apprentice' To Hit Theaters Soon Amid Legal Threats and Polarized Reviews

Mark Cuban, the billionaire entrepreneur, recently stirred up a conversation on social media platform X by asking his followers to choose between Kamala Harris and Donald Trump as role models for children.
What Happened: On Saturday, Cuban, owner of the Dallas Mavericks, posted a poll on his X account asking, &#8220;Who's persona and character would you like to see young children grow up to have: Kamala Harris or Donald Trump?&#8221; At the time of writing, Trump led the poll with 63.9% of the 538,770 votes.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Who's persona and character would you like to see young children grow up to have:
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1829677319054897617?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
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The poll has sparked a lively debate among Cuban&#8217;s followers, with many expressing their views on the two public figures. The poll remains open, and the final results are yet to be seen.
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Why It Matters: Cuban&#8217;s poll comes at a time when the nation is deeply divided over political and social issues. 
The choice between Harris and Trump represents the stark contrast in political ideologies and leadership styles that exist in the country.
While Cuban did not provide any context for the poll, it has nonetheless sparked a conversation about the qualities we value in our leaders and role models. 
The high participation in the poll indicates the public&#8217;s interest in such discussions.
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Mark Cuban Asks His 8M X Followers About Whose Character Would They Like Young Children To Grow Up Emulating Between Trump And Harris: Cuban Receives Half A Million Responses, Majority Supporting This Candidate

The latest polls indicate that Kamala Harris is either leading or tied <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">with Donald Trump</a> in key swing states.
What Happened: According to a recent poll by Morning Consult and Bloomberg, conducted from August 23 to 27, Harris leads by 2 points in Georgia and North Carolina, 3 points in Michigan, 4 points in Nevada and Pennsylvania, and a significant 8 points in Wisconsin. The two candidates are tied in Arizona.
By contrast, a poll in July showed Trump leading President Joe Biden in all these states except for Michigan and Wisconsin. The recent results are a positive sign for Harris as the campaign enters its crucial phase.
Also Read:&nbsp;<a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Donald Trump's Divisive Tactics Will Lead To ‘The First African-American Woman President'</a>
Harris&#8217;s lead in Pennsylvania is especially noteworthy due to the state&#8217;s crucial role in the Electoral College. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">New Bloomberg/Morning Consult polls, via <a href="https://twitter.com/playbookdc?ref_src=twsrc%5Etfw">@playbookdc</a>: Wisconsin Harris 52 Trump 44 Pennsylvania Harris 51 Trump 47 Nevada Harris 49 Trump 45 Michigan Harris 49 Trump 46 NC/Georgia Harris 49 Trump 47 Arizona Harris 48 Trump 48 Averages not as good. PA lead worth watching. <a href="https://t.co/1iaRkliFZg">pic.twitter.com/1iaRkliFZg</a>
&mdash; Greg Sargent (@GregTSargent) <a href="https://twitter.com/GregTSargent/status/1829488849556537356?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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Elections analyst Nate Silver&#8217;s electoral forecast model had recently shifted in favor of Trump, attributing the shift to Pennsylvania. However, the latest polls showing Harris leading in the state could indicate a potential change in the race dynamics.
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Why It Matters: The shift in poll results comes at a critical time in the election cycle. Harris&#8217;s lead in key swing states could potentially impact the overall outcome of the election. 
The change in Pennsylvania&#8217;s electoral forecast is particularly significant, as the state plays a pivotal role in the Electoral College. 
The recent poll results may indicate a shift in voter sentiment, potentially altering the course of the election.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
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.

Trump Vs Harris: New Polls Reveal This Candidate Is Outperforming In Swing States

Esther Crawford became an internet sensation when a photo of her sleeping in Twitter's office went viral during the chaotic days after Elon Musk took over the company in 2022. The image symbolized the intense work culture that Musk imposed, where employees were expected to work around the clock. But while the photo made Crawford look like the poster child for Musk's "hardcore" work ethic, the reality was much more complicated.
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Crawford, who was a director at Twitter, publicly embraced the long hours and grueling demands, even joking about her photo on social media. Nevertheless, behind the scenes, she was honestly and seriously worried about the toll this work culture was taking on her team.
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According to a story adapted from &#8220;Character Limit: How Elon Musk Destroyed Twitter,&#8221; a new book about Musk's takeover, Crawford privately told Musk that she didn't want her team pushed to the point of collapse. "I don't want to push the team to die over this," she reportedly said.
Musk's response? He allegedly laughed and said, "Well, push them to just before they die."
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For anyone familiar with how Musk runs things, his response is surprising yet typical. Since he took over Twitter, he&#8217;s shown that he <a href="https://www.benzinga.com/news/23/09/34355088/heres-how-twitters-fearful-staff-handled-elon-musks-overwhelming-demands">expects employees to go all out</a>, even if it means sacrificing their personal lives. Workers were pushed to commit to a very intense work environment, with some even sleeping in the office and attending late-night meetings to hit tight deadlines.
&#8220;Twitter often felt like a place that kept squandering its own potential,&#8221; <a href="https://www.benzinga.com/news/23/07/33411964/from-all-nighters-to-lay-offs-ex-twitter-pm-reveals-wild-ride-with-elon-musk">Crawford said in a 2023 post</a>. She was &#8220;cautiously optimistic&#8221; and shared that although she didn't know much about Musk, she saw him as the guy who built incredible and enduring companies like Tesla and SpaceX and thought that perhaps his private ownership could shake things up and breathe new life into the company.
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Recently, though, <a href="https://www.benzinga.com/news/24/08/40540569/elon-musks-x-staff-have-to-justify-why-they-deserve-stock-grants-with-1-page-summary-of-their-contri">Musk increased the pressure on X employees</a> by making them justify their contributions to the company to get their stock options, according to The Verge. Now, employees have to write a one-page summary of their work to qualify for stock grants, which has only added to the already tense atmosphere at the company.
While Crawford&#8217;s viral photo painted a picture of someone who was fully on board with Musk's vision, the reality was that she was concerned about the well-being of her team. Despite her dedication, <a href="https://www.benzinga.com/news/23/02/31063213/from-the-floor-to-the-door-elon-musk-reportedly-fires-twitters-sleeping-bag-lady-in-another-round-of">she was eventually laid off</a> in early 2023, along with many others who had remained loyal during Musk's tumultuous takeover.
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Startups

She Went Viral For Sleeping In Twitter's Office But Told Elon Musk 'I Don't Want To Push The Team To Die' — His Answer? Shocking But Expected

Mary Trump, the niece of Donald Trump, has made a public statement to <a href="https://www.benzinga.com/news/24/08/40429962/mary-trump-donalds-narcissistic-injury-is-so-great-that-he-has-essentially-stopped-campaigning">her uncle through a unique medium</a>.
What Happened: In a post on X, Mary Trump has released a video montage that she refers to as a &#8220;letter&#8221; to her uncle. The video post, dubbed &#8220;DNC Epilogue,&#8221; features snippets from the Democratic National Convention (DNC) and includes Mary Trump&#8217;s endorsement of Kamala Harris for president.
She also dismisses the idea of Donald Trump returning to the White House as &#8220;delusional.&#8221;
Mary Trump, a vocal critic of her uncle and author of a book about him and their family, has described him as &#8220;utterly incapable of leading this country.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just dropped a DNC epilogue video with some Breakfast Club vibes. It's a letter to Donald—spoiler: he&#39;s not the hero here. If you&#39;re done with his nonsense, give it a watch. Let's keep exposing his lies. <a href="https://twitter.com/hashtag/DNC?src=hash&amp;ref_src=twsrc%5Etfw">#DNC</a> <a href="https://twitter.com/hashtag/TruthMatters?src=hash&amp;ref_src=twsrc%5Etfw">#TruthMatters</a> <a href="https://twitter.com/hashtag/BreakfastClubStyle?src=hash&amp;ref_src=twsrc%5Etfw">#BreakfastClubStyle</a> <a href="https://t.co/xuveDQEj9w">pic.twitter.com/xuveDQEj9w</a>
&mdash; Mary L Trump (@MaryLTrump) <a href="https://twitter.com/MaryLTrump/status/1829161806935536082?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
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Her video montage also carries a message from her media team to her uncle, expressing their dedication to getting Harris elected and ensuring that Donald Trump never holds power again.
Also Read: <a href="https://www.benzinga.com/news/24/08/40541951/mary-trump-offers-debate-strategy-for-kamala-harris-let-people-see-what-a-petty-small-insecure-weak">Mary Trump Offers Debate Strategy For Kamala Harris: Let People &#8216;See What A Petty, Small, Insecure, Weak Man Donald Trump Really Is&#8217;</a>
In response to the video, Steven Cheung, Trump&#8217;s campaign communications director, suggested that Mary Trump should seek help for &#8220;Trump Derangement Syndrome.&#8221;
Meanwhile, Mary Trump&#8217;s new book, Who Could Ever Love You: A Family Memoir, has delved into her personal struggle with despair and her subsequent journey to ketamine therapy, a journey she attributes to the chaotic political career of her uncle.
In the book Mary Trump shares her experiences as a Trump family member, including her uncles and aunts&#8217; efforts to disinherit her and the family&#8217;s legal disputes.
She also sheds light on her role as a source for New York Times reporters who unveiled the Trump family&#8217;s tax affairs in 2018.
Mary Trump&#8217;s struggle with her family&#8217;s legacy led her to seek intensive trauma treatment and eventually to ketamine therapy. Despite the obstacles, she expresses a desire to live and continue contributing to the national discourse about her notorious uncle.
"I'm here because five years ago, I lost control of my life," Mary Trump writes in her memoir, describing ketamine treatment undertaken in . "I'm here because the world has fallen away and I don't know how to find my way back. "I'm here because&nbsp;Donald Trump&nbsp;is my uncle."
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Mary Trump&#8217;s first book, Too Much and Never Enough: How My Family Created the World's Most Dangerous Man, released in 2020, was a bestseller.
Why It Matters: Mary Trump&#8217;s video montage is a bold move, further escalating her public criticism of her uncle. Her endorsement of Kamala Harris and dismissal of Donald Trump&#8217;s potential return to power are clear indications of her political stance. The video also underscores her commitment to prevent Donald Trump from regaining power, a sentiment echoed by her media team.
Steven Cheung&#8217;s response to the video suggests that the Trump campaign is not taking Mary Trump&#8217;s criticisms lightly. The use of the term &#8220;Trump Derangement Syndrome&#8221; indicates a dismissive attitude towards her views, further fueling the public discourse around the Trump family dynamics.
As the political landscape continues to evolve, Mary Trump&#8217;s outspoken stance against her uncle is likely to remain a significant point of discussion.
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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.

Mary Trump Shares Video 'Letter' To Uncle Donald Trump, Also Says He Pushed Her To Ketamine Therapy In New Book

In just two years, Story Protocol&#8217;s startup has skyrocketed to a valuation of $2.25 billion by tackling a timely issue: protecting creators&#8217; rights in the age of artificial intelligence (AI). The company recently raised $80 million in a funding round led by venture capital giant <a href="https://www.benzinga.com/topic/a16z">Andreessen Horowitz (a16z crypto)</a>.
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AI systems, which need large amounts of data to function, increasingly pull content from the internet – often without the creators' permission. Story Protocol, developed by Palo Alto-based PIP Labs, uses blockchain technology to allow creators to establish ownership of their work, set rules for how it can be used, and ensure they get paid when their content is utilized.
&#8220;We are building the programmable intellectual property layer for the age of generative AI,&#8221; SY Lee, co-founder and CEO of PIP Labs, told Bloomberg. &#8220;Every single IP is a massive asset class. It can be your voice, characters, music pieces, anything that's a creative output.&#8221;
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Seung Yoon Lee, a South Korean entrepreneur, started his journey in his early 20s when he cofounded Radish Fiction, a mobile fiction app, in 2016. Now in his early 30s, Lee is already a well-known figure in the startup world. Despite still being considered young in Korea&#8217;s culture, he&#8217;s made a huge impact by growing the value of Story Protocol to an impressive $2.25 billion in just a few years.
The funding round, which also included investments from Polychain Capital, Stability AI&#8217;s Scott Trowbridge, and digital art collector Cozomo de' Medici, brings PIP Labs' total to $140 million. The company plans to use the funds to support developers and creators and further research into <a href="https://www.benzinga.com/tech/24/07/39825080/patent-law-cant-keep-up-with-ais-pace-of-change-creating-massive-risk-and-massive-opportunity">IP protection</a>.
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We can already see practical applications of Story Protocol's tech in its partnership with Magma. Fans can create scenes from their favorite video games on this art platform without worrying about copyright infringements.&nbsp;
Once artists register their artwork with Story Protocol, they can monitor and manage how it&#8217;s used across different platforms, including social media and websites. This ensures they get paid for their work and that any changes or new versions of their art follow the rules they've set.
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&#8220;Without great original IP, the AI models don't develop,&#8221; Lee explained, emphasizing the importance of protecting creators' work. &#8220;<a href="https://www.benzinga.com/news/24/01/36661108/salesforce-ceo-marc-benioff-highlights-ai-companies-using-media-content-without-permission">AI is taking</a>, <a href="https://www.benzinga.com/news/24/03/37723844/they-stole-everything-elon-musks-war-with-openai-heats-up-after-soras-data-sourcing-doubts-emerge-in">stealing data without consent</a>, and benefiting from it without sharing the rewards with the original creators. It&#8217;s inadvertently suicide (for creative content) in the long run.&#8221;
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Two-Year-Old Startup Uses Blockchain To Battle AI Copyright Theft And Surpasses $2B In Valuation

By <a href="https://www.benzinga.com/author/todd-harrison" target="_blank" rel="noreferrer noopener">Todd Harrison</a> via <a href="https://substack.com/@toddharrison" target="_blank" rel="noreferrer noopener">Cannabis Confidential</a> (August 31)
Former President Donald Trump said on Saturday that he believes voters in his home state of Florida will approve a marijuana legalization initiative on the November ballot, arguing that "someone should not be a criminal in Florida when it&#8217;s legal in so many other States." <a href="https://www.marijuanamoment.net/trump-supports-florida-marijuana-legalization-ballot-measure-but-wants-lawmakers-to-ban-public-smoking/">Read More</a> (and see below)
<a href="https://toddharrison.substack.com/p/make-america-green-again">Make America Green Again</a> (May 22, 2024)
<a href="https://toddharrison.substack.com/p/the-trump-card?utm_source=publication-search">The Trump Card</a> (July 16, 2024)
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3… at the same time, someone should not be a criminal in Florida, when this is legal in so many other states. We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana." Former President Donald Trump 8/31/24
</blockquote>
Full Statement
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d4dcd79-90d0-40e4-860b-8d9e5deb78e2_680x341.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d4dcd79-90d0-40e4-860b-8d9e5deb78e2_680x341.jpeg" alt="Image" title="Image" /></a></figure>
Former Chairman of the Florida Republican Party <a href="https://x.com/JoeGruters">Joe Gruters</a>:
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fba751ab1-1833-4dc6-a94f-06b84e421ed0_1179x1853.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fba751ab1-1833-4dc6-a94f-06b84e421ed0_1179x1853.jpeg" alt="Screenshot 2024-08-31 at 1.48.08 PM.jpeg" title="Screenshot 2024-08-31 at 1.48.08 PM.jpeg" /></a></figure>
Other headlines and notable reactions &#x1f447;
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1e199d2-cbbc-4636-9813-f85b993d1bdf_1179x1507.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1e199d2-cbbc-4636-9813-f85b993d1bdf_1179x1507.jpeg" alt="Screenshot 2024-08-31 at 1.45.22 PM.jpeg" title="Screenshot 2024-08-31 at 1.45.22 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3a06df84-9deb-4e4e-b235-e076ebf60b3d_1179x1210.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3a06df84-9deb-4e4e-b235-e076ebf60b3d_1179x1210.jpeg" alt="Screenshot 2024-08-31 at 1.45.44 PM.jpeg" title="Screenshot 2024-08-31 at 1.45.44 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8cf630c9-d86a-4455-87ce-d2a53bf95538_1179x1763.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8cf630c9-d86a-4455-87ce-d2a53bf95538_1179x1763.jpeg" alt="Screenshot 2024-08-31 at 1.45.01 PM.jpeg" title="Screenshot 2024-08-31 at 1.45.01 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5d7b4aa3-4448-40fe-b957-7b56f198c465_1179x999.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5d7b4aa3-4448-40fe-b957-7b56f198c465_1179x999.jpeg" alt="Screenshot 2024-08-31 at 1.47.50 PM.jpeg" title="Screenshot 2024-08-31 at 1.47.50 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdffbc403-437d-4a39-ac36-154159e6bf5c_1179x1428.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdffbc403-437d-4a39-ac36-154159e6bf5c_1179x1428.jpeg" alt="Screenshot 2024-08-31 at 2.13.50 PM.jpeg" title="Screenshot 2024-08-31 at 2.13.50 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d2add47-16d4-43b1-9b64-1c2474cd1735_1179x737.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d2add47-16d4-43b1-9b64-1c2474cd1735_1179x737.jpeg" alt="Screenshot 2024-08-31 at 1.46.03 PM.jpeg" title="Screenshot 2024-08-31 at 1.46.03 PM.jpeg" /></a></figure>
<a href="https://toddharrison.substack.com/p/fast-and-furious?utm_source=publication-search">Project Right Now</a>
Lest this note finds its way to the screens of either political campaign, we'll share the logic and reasoning on why U.S. cannabis must wiggle away from the War on Drugs:
Popularity: An overwhelming majority of American adults (78%) support the legalization of cannabis, recognizing its economic, medical, and social benefits, and 91% of the U.S. population supports legalizing cannabis in some form (Pew).
Economic: U.S. cannabis employs 500K Americans in state-legal jobs (Vangst) who sold $29B worth of product last year, which is estimated to grow to $37B by 2027 (Cowen).
Health Benefits: Legal canna provides patients with access to medical cannabis that helps manage conditions such as chronic pain, epilepsy, and anxiety, and thereby "improving quality of life." (Harvard). (<a href="https://www.cb1cap.com/researchailment">broader list of indications here</a>)
The U.S. Dept of Health and Human Services has already <a href="https://toddharrison.substack.com/p/breaking-news-hhs-calls-to-move-cannabis?utm_source=publication-search">recommended</a> changing the legal status of cannabis-based on overwhelming support for medical benefits.
Wellness: Opioid Use/Overdose: States with legal cannabis saw reductions in opioid prescriptions, use and overdose deaths, suggesting that it's a safer alternative for pain management (AMA).
Teens/Underage Use: Legalization doesn&#8217;t lead to increased cannabis use among teens as regulated markets ensure better control over sales and reduce access for minors (NIDA).
Criminal Justice: We can't replace the lost time for those who have been or remain locked up for non-violent cannabis offenses, but we can get the country back on the right side of history.
Over 40,000 people are currently incarcerated for non-violent cannabis offenses in the U.S., with racial disparities disproportionately affecting people of color (LPP).
Citizen Safety: As the federal government continues to impose onerous and arguably illegal taxes on state-legal operators, the illicit market has proliferated, supporting violent, organized <a href="https://www.propublica.org/article/chinese-organized-crime-us-marijuana-market">Chinese crime rings</a>.
Have a safe journey and please <a href="https://joelpollack.com/">enjoy responsibly</a>.
If you'd like to help Mission [Green] change federal cannabis policies, please <a href="https://www.projectmissiongreen.org/donate">click here.</a>
CB1 has positions in / advises some of the companies mentioned and nothing contained herein should be considered advice.
This article is from an external unpaid contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.
Photo: Gage Skidmore from Peoria, AZ, United States of America, <a href="https://creativecommons.org/licenses/by-sa/2.0">CC BY-SA 2.0</a>, via Wikimedia Commons, edited by El Planteo.

Trump Goes To Bat For U.S. Cannabis: Criminalization 'Ruins Lives, Wastes Taxpayer Dollars'

August saw the <a href="https://www.benzinga.com/news/earnings/24/08/40648231/wall-street-poised-for-strong-start-as-inflation-data-looms-strategist-says-brace-for-volatile-fall">equity market make good the losses</a> it experienced post its mid-July peak, with earnings and benign data helping the fightback. With August in the rearview mirror, here&#8217;s a look at the leaders and laggards among the S&amp;P 500 Index, a broader gauge of market performance.
3-Part Trend: The month&#8217;s trading could be characterized as a tale of three trends. Stocks extended the weakness into August, with the S&amp;P 500 bottoming on Aug. 5, coinciding with the collapse of the global equity markets. The unwinding of the yen carry trades due to the yen&#8217;s strength perked up risk aversion, sending Japanese stocks into a tailspin, and the reverberations became evident elsewhere.
The S&amp;P 500 Index fell 4.3% intraday on Aug. 5, which happened to be a Monday. The collapse was promptly dubbed Black Monday 2.0 to differentiate it from the Black Monday crash of Oct. 1987. The CBOE Volatility Index, commonly called VIX, more than doubled to 65.73 intraday before pulling back. 
On a positive note, the S&amp;P 500 closed off the lows of the day and was down a more modest 3% by the close.
The market saw a steady recovery from the low through Aug. 22, thanks to a slew of catalysts that reinforced expectations that the Federal Open Market Committee would begin cutting rates at its September meeting.
The strong and rapid recovery pushed traders on the defensive, and the market has been moving sideways since then. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="819" height="630" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png" alt="" class="wp-image-524474" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png 819w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-300x231.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-768x591.png 768w" sizes="(max-width: 819px) 100vw, 819px" /></figure>
Source: Yahoo Finance
For August, the S&amp;P 500 Index gained 2.28%, ending the month at 5,648.40, off its record closing high of 5,667.20 hit on July 16.
See Also: <a href="https://www.benzinga.com/money/best-growth-stocks">Best Growth Stocks Right Now</a>
The Leaders: None of the Magnificent seven stocks, which have been spearheading the broader market uptrend since the start of the 2023, made it to the list of the top 10 gainers. The list featured two cybersecurity companies, namely CrowdStrike Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Fortinet, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>). CrowdStrike was rebounding from its global-outage-induced slump seen since July 19. 
Fortinet was helped by a strong post-earnings rally.
Two household and personal care products companies also made the cut, while a management change did the truck for coffee chain Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
The top 10 gainers for the month are:
<ul>
<li>Packaged food company Kellanova&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) (+38.62%) (upside primarily due to the rumors of a buyout by privately-held Mars and the subsequent confirmation of the deal)</li>
<li>Fortinet (+32.17%)</li>
<li>Starbucks (+26.52%)</li>
<li>Axon Enterprise, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) (+21.65%); Much of the gains stemmed from a post-earnings bump seen on Aug.7)</li>
<li>Clorox Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) (+21.02%)</li>
<li>CrowdStrike (+19.54%)</li>
<li>Kenvue Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) (+19.88%)</li>
<li>Best Buy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) (+16.04%)</li>
<li>Arch Capital Group Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NYSE">ACGL</a>) (+18.07%)</li>
<li>Progressive Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) (+17.78%)</li>
</ul>
The Laggards: Artificial intelligence server manufacturer Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), which had a dream run after its inclusion in the S&amp;P 500 Index, plummeted following a short report and the delay flagged by the company in filing its 10-K report. Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), which is fraught with fundamental risk, was also one of the worst performers for the month.
A few retailers ended up in the list of the top 10 S&amp;P 500 decliners for August.
The top 10 losers for the month are:
<ul>
<li>Super Micro (-37.62%)</li>
<li>Moderna, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) (-35.08%)</li>
<li>Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) (-31.08%)</li>
<li>Intel (-27.86%)</li>
<li>Walgreens Boots Alliance, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) (-20.19%)</li>
<li>Dollar Tree, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) (-19.02%)</li>
<li>Charles River Laboratories International, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) (-18.99%)</li>
<li>Airbnb, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) (-15.94)</li>
<li>Bath &amp; Body Works, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) (-15.80%)</li>
<li>Etsy, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) (-15.43%)</li>
</ul>
Earnings reactions triggered the weakness seen in some of these stocks, including Intel, and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40139012/moderna-stock-trading-lower-on-dismal-guidance-analysts-cuts-price-targets-noting-c">Moderna, which reduced its full-year forecast.</a>
With the Fed all but decided on a September rate cut, some of these beaten-down stocks, especially those in the retail space, could stage a turnaround. 
The SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the S&amp;P 500 Index, ended Friday&#8217;s session up 0.95% at $563.68, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40594093/economist-peter-schiff-warns-fed-may-be-committing-mistake-by-lowering-rates-in-sep">Economist Peter Schiff Warns Fed May Be Committing Mistake By Lowering Rates In September As Dollar Index Falls To Lowest In Over A Year</a></li>
</ul>

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Magnificent 7 Miss Out, 2 Cybersecurity Stocks Stand Firm, Retailers Lag In Volatile August: Here Are The Top S&P 500 Gainers And Losers

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