Latest news for Base Carbon (OTC:BCBNF) Stock

Base Carbon Inc is engaged in providing capital, development expertise, and management operating resources to projects involved primarily in voluntary carbon markets and the broader environmental markets. The Company engages with corporations, sovereign entities, academic institutions, and carbon reduction project developers to produce and commercialize verified carbon credits.

Base Carbon Inc

Needham analyst James Ricchiuti maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Buy and raises the price target from $84 to $120.

News

Price Target

Analyst Ratings

COHR

Needham Maintains Buy on Coherent, Raises Price Target to $120

James Howells, etched in the history books for <a href="https://www.benzinga.com/markets/cryptocurrency/22/08/28706518/meet-a-man-on-a-quest-to-find-about-180-million-in-bitcoin-buried-in-a-landfill">accidentally discarding</a> Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which is worth more than half a billion dollars today, took a major step in retrieving them.
What Happened: In a last-ditch effort, the Wales-based software engineer filed a lawsuit against Newport City Council for roughly 495.31 million British pounds, or about $647 million, in damages for repeatedly denying his request to excavate the landfill site housing the discarded hard drive, which contains around 8,000 units of Bitcoin, as <a href="https://www.walesonline.co.uk/news/wales-news/im-suing-council-495m-because-30106009">reported</a> by WalesOnline.
Howells explained that the lawsuit is a strategy to convince the council to allow an excavation of its landfill, not a reflection of the actual situation.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41307276/mark-cuban-questions-trumps-motive-behind-wlfi-token-sale-former-prez-failed-in-the-bitcoi">Mark Cuban Questions Trump&#8217;s Motive Behind WLFI Token Sale—Former Prez Failed In The &#8216;Bitcoin IQ Test,&#8217; Says Max Keiser</a>
Howells has assembled a team of specialists to carry out the excavation at no cost to the council. He has also proposed to give the council 10% of the recovered coins&#8217; value.
The case is set for a hearing in December. Newport Council, however, has dismissed the lawsuit as &#8220;weak&#8221; and expressed concerns over potential environmental impacts of the proposed excavation.
Why It Matters: The <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34417913/crypto-investor-threatens-lawsuit-over-lost-8-000-bitcoin-worth-557-million">bizarre case dates back to 2013</a> when Howells unintentionally put a hard drive containing 8,000 BTCs in the trash while cleaning his office.
The compensation that Howells sought was the peak valuation of the stash from earlier this year when the leading cryptocurrency spiked to a new all-time high. 
As of this writing, 8,000 BTCs are worth $514.37 million, at a market price of $64,296.34 per unit.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41306985/coinbase-ceo-brian-armstrong-wants-to-know-how-elon-musk-gets-so-much-done-wants-an-in-dep">Coinbase CEO Brian Armstrong Wants To Know How Elon Musk Gets So Much Done — Wants An In-Depth Study Done After SpaceX Starship Booster Success, &#8216;CyberCab&#8217; Unveil</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image generated using Dall-E<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

$BTC

Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site

Baird Medical Investment Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDMD#NASDAQ">BDMD</a>) ("Baird Medical" or the "Company"), a leading developer and provider of microwave ablation ("MWA") medical devices in China, which recently expanded into the U.S. market following its U.S. FDA 510(k) clearances, today announced its participation in the upcoming American Thyroid Association (ATA) Annual Meeting. The event is scheduled to take place from October 30 to November 3, 2024, at the Sheraton Grand Chicago Riverwalk in Chicago, Illinois.
Baird Medical will showcase its innovations at Booth 100, one of the largest exhibitor spaces at the event, featuring the Company's latest advancements in MWA technology and highlighting its impact on thyroid care. During the event, the Company will also host an Expo Theater Presentation on November 2, 2024, from 10:25 AM to 11:25 AM, inside the Exhibit Hall of the Chicago Ballroom. The session, titled "Latest Advancements in MWA for Thyroid Treatment," will provide valuable insights into recent developments in this field. It will feature Dr. Emad Kandil from Tulane University, Dr. Feng Than from Sun Yat-sen University, and Dr. Khadra Helmi from Houston Methodist Hospital.

BDMD

Baird Medical to Showcase Thyroid Care Innovations at American Thyroid Association Annual Meeting

The growth of Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) supercharger network <a href="https://www.benzinga.com/news/24/10/41200538/tesla-supercharger-network-growth-slows-sequentially-ev-giant-adds-2-800-stalls-in-q3">slowed in the third quarter</a>, with the company adding just 2,800 superchargers in the period compared to the more than 3,000 added in the third quarter of 2023.
The slowdown in adding new chargers has seemingly avoided locations of interest for Tesla CEO Elon Musk&#8216;s rocket manufacturing company SpaceX.
What Happened: Tesla announced on Saturday that it opened 16 stalls in Robstown, Texas for people traveling to see the fifth test flight of Starship which occurred on Sunday from Starbase in Boca Chica. The company is also opening 8 stalls in Mathis, Texas this month, it said. 
&#8220;FYI to those driving to/from the Starship launch tomorrow. Charging team is on the ball fixing congested routes,&#8221; Tesla engineer Wes Morrill wrote on social media platform X ahead of Starship&#8217;s launch. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">FYI to those driving to/from the Starship launch tomorrow. Charging team is on the ball fixing congested routes <a href="https://t.co/DViuVbI85O">https://t.co/DViuVbI85O</a>
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1845262519331586477?ref_src=twsrc%5Etfw">October 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In June, days after Starship&#8217;s fourth test flight, Tesla announced a new supercharger station in Boca Chica Boulevard with 16 stalls, possibly to cater to the tourists who arrive to witness the vehicle&#8217;s launches. 
All development and manufacturing of the Starship currently takes place only at Starbase in Texas.&nbsp;According to data released by Cameron County officials in June, SpaceX has invested over $3 billion in infrastructure at Starbase.&nbsp;It has over 350 acres of land and over 222,000 square feet of manufacturing. 
Supercharger Growth In Texas: According to announcements made by Tesla on social media platform X, the company has put up nearly 100 stalls in Texas in the three months till the end of September, or 3.5% of its overall Supercharger additions around the globe. 
However, Texas is home not just to Starbase but also to Tesla headquarters and one of its gigafactories. 
Why It Matters: Tesla announced earlier this month that it opened 2800 superchargers in the third quarter, marking a growth of 23% year-on-year, and taking the total number of Tesla supercharger connectors globally to over 62,000. 
However, the supercharger network&#8217;s growth has seemingly slowed significantly since the company announced layoffs of at least 10% of its global workforce in April. The layoffs impacted <a href="https://www.benzinga.com/news/24/05/38846223/elon-musk-fired-supercharger-chief-rebecca-tinucci-and-her-entire-team-after-she-refused-to-lay-off" target="_blank" rel="noreferrer noopener">500 members of the supercharging team</a> and Rebecca Tinucci, Tesla&#8217;s then Senior Director of Charging Infrastructure, left the company.
During Tesla&#8217;s annual shareholder meeting in June, Tesla CEO&nbsp;Elon Musk&nbsp;slammed rumors of the&nbsp;<a href="https://www.benzinga.com/news/24/05/38757383/elon-musk-announces-500m-investment-in-teslas-supercharger-network-expansion-in-2024" target="_blank" rel="noreferrer noopener">death of its supercharger network&nbsp;</a>as &#8220;greatly exaggerated.&#8221;
&#8220;Our supercharger network is continuing to grow,&#8221; Musk then said.
Tesla will invest $500 million in expanding the network this year, the CEO said,&nbsp;<a href="https://www.benzinga.com/news/24/05/38757383/elon-musk-announces-500m-investment-in-teslas-supercharger-network-expansion-in-2024" target="_blank" rel="noreferrer noopener">reiterating his investment goal from May</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41307960/volkswagen-ev-sales-drop-10-in-q3-due-to-slowdown-in-us-and-eu-but-china-shines-as-a-bright-spot-wit">Volkswagen EV Sales Drop 10% In Q3 Due To Slowdown In US And EU, But China Shines As A Bright Spot With 5% Growth</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

Tech

TSLA

Tesla Superchargers Increase On The Road To SpaceX's Starbase Despite Global Slowdown In Deployment

Biotech

Large Cap

Health Care

General

DSKYF

AstraZeneca And Daiichi Sankyo's Enhertu (Trastuzumab Deruxtecan) Has Received Conditional Approval In China As Monotherapy For Adult Patients With Unresectable, Locally Advanced Or Metastatic Non-Small Cell Lung Cancer Whose Tumors Have Activating HER2 Mutations And Who Have Received A Prior Systemic Therapy

The Board approved a&nbsp;reduction in force&nbsp;of substantially all of the Company's employees

MTEM

Molecular Templates' Board Of Directors Approved The Liquidation And Wind-up Of The Company, The Company Also Plans To Wind Down The Phase 1 Studies For MT-6402 and MT-8421 But To Continue FDA Discussions For MT-0169 For Autoimmune Indications-Filing

Hedge fund manager Bill Ackman and Shark Tank fame Mark Cuban find themselves in the opposite camps <a href="https://www.benzinga.com/news/24/07/39763405/billionaire-investor-bill-ackman-announces-trump-endorsement-i-assure-you-that-i-have-made-this-deci">reg</a><a href="https://www.benzinga.com/news/24/07/39763405/billionaire-investor-bill-ackman-announces-trump-endorsement-i-assure-you-that-i-have-made-this-deci" target="_blank" rel="noopener">arding their political allegia</a><a href="https://www.benzinga.com/news/24/07/39763405/billionaire-investor-bill-ackman-announces-trump-endorsement-i-assure-you-that-i-have-made-this-deci">nce. </a>The two discussed Democratic presidential candidate Kamala Harris&#8217; policy proposal regarding tax concessions to startups, in an exchange on X on Sunday.
The Proposal: It all started when Harris posted on X about her proposal to incentivize startups by raising the startup expense reduction from the current $5,000. &#8220;Our plan to raise the startup expense deduction to $50,000 will strengthen our small businesses and lift up our communities,&#8221; she said.
Ackman Cries Foul: Pershing Square founder Ackman, who has pledged allegiance to Harris&#8217; rival Donald Trump, said the proposal was misleading. &#8220;This is extremely misleading,&#8221; he said.
The hedge fund manager said that the startups mostly lose money in the first few years of operation and don&#8217;t generate profits that a tax deduction could offset. &#8220;This is not a $50k gift from the government that can be used to fund a startup despite how it is characterized by [Kamala Harris],&#8221; he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is presented by <a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw">@KamalaHarris</a> as ‘$50k for Entrepreneurs to Start a New Business.' See the chart below. This is extremely misleading. This is tax deduction of up to $50k for startups. The vast majority of startups that amount to anything lose money in their first few years… <a href="https://t.co/LZxsXOy2xE">https://t.co/LZxsXOy2xE</a>
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1845569705962307703?ref_src=twsrc%5Etfw">October 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption"> See Also: <a href="https://www.benzinga.com/money/how-to-invest-in-startups">How To Invest In Startups</a> Cuban Defends Harris: Entrepreneur Cuban, who has had his fair share of experience with the startup ecosystem, stepped in to clarify the proposal&#8217;s utility to Ackman. Most new businesses are sub-Chapter S or LLC and are taxed at their personal rate, Cuban said.</figcaption></figure>
S corporations, according to the Internal Revenue Service, are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates.
&#8220;Since $50k is > standard deduction, and it's likely that the entrepreneur has personal income to live off of, the money they save on taxes doesn't hurt. Does it ?&#8221; he said. Also, Harris has committed to not raising taxes for anyone making under $400,000, and as a result, 99% of these people will pay the same or lower tax rate, he added.
Incentivizing startups is important as they are a significant part of annual job growth, Cuban said. &#8220;And if they grow into bigger businesses , even better,&#8221; he added.
Not the one to give up, Ackman asked Cuban as to what percentage of startup entrepreneurs who start S Corp or LLC structured businesses would have $50k of passive income. For $50K income, one should have about $1.5 million in a savings account or a $3 million, plus stock portfolio, he said.
Replying to Ackman, Cuban said, &#8220;We need to get you watching shark tank.&#8221; It&#8217;s not necessarily that the person has passive income, they could have jobs and start companies. &#8220;People go all in with their savings and start companies. People have w2 income from working a job, and quit to start a company,&#8221; he said, adding that he was fired from a job and then started a company. 
<a href="https://www.benzinga.com/personal-finance/24/08/40655780/mark-cuban-shares-how-to-get-rich-loved-my-life-eating-mustard-and-ketchup-sandwiches-but-says-i">Quoting himself as an example,</a> Cuban said, &#8220;People create small companies and actually generate net income because they don't pay themselves all that much, if at all.&#8221;
&#8220;Not everyone is going to use the full $50k. But every dollar in start up costs (of which we probably would agree there are too many) above 5k is a benefit to the entrepreneur,&#8221; he added.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/10/41306369/bill-ackman-lists-33-actions-of-democrats-that-swung-him-toward-supporting-trump-even-though-he-is-a">Bill Ackman Lists 33 &#8216;Actions&#8217; Of Democrats That Swung Him Toward Supporting Trump Even Though He Is An &#8216;Imperfect Man&#8217;</a></li>
</ul>
Image via Shutterstock

Government

Regulations

Politics

Economics

Mark Cuban Clashes With Bill Ackman After Billionaire Fund Manager Calls Kamala Harris' Startup Tax Deduction Proposal 'Extremely Misleading:' 'We Need To Get You Watching Shark Tank'

U.S. stocks settled higher on Friday, with the S&amp;P 500 and Dow Jones index surging to fresh highs during the session. U.S. major averages also recorded gains for the fifth straight week, with the S&amp;P 500 and Nasdaq adding 1.1% each, while the Dow gained 1.2% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained an Equal-Weight rating on Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) and cut the price target from $450 to $420 on Oct. 11. This analyst sees around 2% downside in the stock.</li>
<li>Recent News: On Oct. 10, the company reported sales growth of 5.1% Y/Y to $1.08 billion, missing the analyst consensus estimate of $1.10 billion.</li>
</ul>
Analyst: Andrew Kaplowitz
<ul>
<li>Analyst Firm: Citigroup</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and raised the price target from $198 to $216 on Oct. 10. This analyst sees around 13% upside in the stock.</li>
<li>Recent News: On Sept. 23, the company launched AI Wingmate to support its 52,000 employees in enhancing quality and innovation in flight.</li>
</ul>
Analyst: Justin Post
<ul>
<li>Analyst Firm: B of A Securities</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Neutral rating on Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and raised the price target from $132 to $142 on Oct. 11. This analyst sees around 6% upside in the stock.</li>
<li>Recent News: On Aug. 6, Airbnb reported worse-than-expected second-quarter EPS results and issued third-quarter revenue guidance below estimates.</li>
</ul>
Analyst: Brent Thielman
<ul>
<li>Analyst Firm: DA Davidson</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Neutral rating on Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) and raised the price target from $65 to $75 on Oct. 8. This analyst sees more than 4% decline in the stock.</li>
<li>Recent News: On Oct. 4, Apogee Enterprises reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance above estimates.</li>
</ul>
Analyst: Harsh Kumar
<ul>
<li>Analyst Firm: Piper Sandler</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and boosted the price target from $175 to $200 on Oct. 11. This analyst sees around 20% upside in the stock.</li>
<li>Recent News: AMD, last week, launched several new high-performance computing solutions at the event, including fifth Gen AMD EPYC server CPUs, AMD Instinct MI325X accelerators, AMD Pensando Salina DPUs, AMD Pensando Pollara 400 NICs and AMD Ryzen AI PRO 300 series processors for enterprise AI PCs.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41304700/cvs-has-real-value-jim-cramer-says-micron-had-an-amazing-quarter">CVS Has &#8216;Real Value,&#8217; Jim Cramer Says: Micron Had An &#8216;Amazing&#8217; Quarter</a></li>
</ul>

Pre-Market Outlook

Trading Ideas

ABNB

APOG

This Analyst With 85% Accuracy Rate Sees Around 20% Upside In AMD - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the S&amp;P 500 and Dow Jones index surging to fresh highs during the session.
U.S. major averages also recorded gains for the fifth straight week, with the S&amp;P 500 and Nasdaq adding 1.1% each, while the Dow gained 1.2% last week.
On the economic data front, core producer prices in the U.S. increased by 0.2% from the previous month for September compared to a 0.3% rise in August.
Shares of Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) gained around 5.6% on Friday after the company reported better-than-expected earnings for its third quarter. JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported better-than-expected third-quarter FY24 earnings.
Most sectors on the S&amp;P 500 closed on a positive note, with financials, real estate, and industrials stocks recording the biggest gains on Friday. However, consumer discretionary and information technology stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 410 points to 42,863.86 on Friday. The S&amp;P 500 rose 0.61% to 5,815.03, while the Nasdaq Composite rose 0.33% to close at 18,342.94 during Friday's session.
Investors are awaiting earnings results from Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 74.3, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 69.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41304700/cvs-has-real-value-jim-cramer-says-micron-had-an-amazing-quarter">CVS Has &#8216;Real Value,&#8217; Jim Cramer Says: Micron Had An &#8216;Amazing&#8217; Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

KARO

Strong Earnings From JPMorgan, Wells Fargo Drive Dow, S&P 500 To Record Highs: Fear Index Remains In 'Greed' Zone

Scott Bessent, a prominent economic adviser to Donald Trump, has addressed concerns regarding Trump&#8217;s potential economic policies if re-elected. Bessent assured that Trump would not weaken the U.S. dollar or drastically alter trade policies.
What Happened: Bessent, a hedge fund manager, has emerged as a key figure in Trump&#8217;s economic advisory team, despite not holding a position in Trump&#8217;s previous administration. He has contributed over $2 million to Trump&#8217;s 2024 campaign and is considered a potential candidate for Treasury secretary if Trump returns to office, the Financial Times <a href="https://www.ft.com/content/fa08cc45-e6d1-4e19-b49b-047c5a23ca39">reported</a> on Monday.
Trump and his running mate, JD Vance, have previously suggested a weaker dollar to enhance exports. However, Bessent emphasized that a new Trump administration would support a strong dollar.
&#8220;The reserve currency can go up and down based on the market.&nbsp;I believe that if you have good economic policies, you're naturally going to have a strong dollar,&#8221; Bessent said.
Bessent also defended Trump&#8217;s proposed tariffs, describing them as &#8220;maximalist&#8221; positions likely to be softened in negotiations. He asserted, &#8220;My general view is that at the end of the day, he's a free trader.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/10/41293799/s-p-500-dow-jones-hit-new-record-highs-as-financial-stocks-soar-on-upbeat-earnings?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">S&amp;P 500, Dow Jones Hit New Record Highs As Financial Stocks Soar On Upbeat Earnings</a>
Additionally, Bessent mentioned Trump&#8217;s intention to appoint a new Federal Reserve head but assured that Trump would not interfere with its independence. He highlighted Trump&#8217;s business acumen and understanding of economics.
Why It Matters: Trump&#8217;s economic policies have been a topic of intense debate. His proposal to impose 100% tariffs to enforce dollar dominance has raised concerns about potential economic disruption. According to Commerzbank AG strategist Ulrich Leuchtmann, such a move<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40773903/trumps-100-tariff-plan-for-dollar-dominance-could-backfire-warns-expert-that-change"> could lead to &#8220;massive disruption&#8221;</a> in the global economic system.
Moreover, Trump&#8217;s proposal to reduce the federal corporate tax rate from 21% to 15% has sparked debate. While some believe it could <a href="https://www.benzinga.com/startups/24/10/41291635/are-trumps-proposed-corporate-tax-cuts-the-key-to-unleashing-a-stock-market-boom-heres-what-history">boost the economy</a>, others remain skeptical. The Tax Foundation suggests that such a cut could increase U.S. GDP by 0.4% and create approximately 93,000 full-time jobs.
Recently, Trump&#8217;s long-standing trade advisor Robert Lighthizer reportedly cautioned investors to prepare for a rapid execution of <a href="https://www.benzinga.com/news/24/10/41303907/trumps-former-trade-advisor-warns-wall-street-prepare-for-swift-tariff-implementation-if-ex-presiden">Trump's tariff proposals</a> if he secures a second term in office.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41270761/september-inflation-hotter-than-expected-jobless-claims-spike-the-most-in-over-a-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">September Inflation Hotter Than Expected, Jobless Claims Spike The Most In Over A Year, Clouding Fed&#8217;s Interest Rate Outlook (UPDATED)</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Macro Economic Events

Trump Adviser Defends Ex-President's Economic Policies: 'Strong Dollar' Would 'Naturally' Come Around

BYNO

Reported Friday, byNordic Acquisition Reports Extension Of Deadline To Complete Business Combination From October 12, 2024 to November 12, 2024

MGRX

Reported Friday, Mangoceuticals Announces 1-for-15 Reverse Stock Split To Regain Nasdaq Listing Compliance, Effective October 16

The recall was initiated because these products contain a recalled ready-to-eat chicken ingredient supplied by BrucePac of Durant, Okla., which was found to be contaminated with&nbsp;Listeria monocytogenes during routine tests by the U.S. Department of Agriculture&#39;s Food Safety and Inspection Service (FSIS).

Reported Saturday, Albertsons Recalls ReadyMeals And Deli Items Across Multiple States Following Listeria Concerns

As disclosed in the Company&#39;s publicly filed interim financial statements for the three months ended March 31, 2024, the credit facilities were set be renewed on a yearly basis, at the discretion of the Creditors, on July 16, 2024. The Company had actively been working with RBC and EDC on securing a renewal, but as previously announced by the Company, on August 9, 2024, the Creditors exercised their discretion not to renew the credit facilities and provided the Company with Notice of Intention to Enforce Security pursuant to subsection 244(1) of the&nbsp;Bankruptcy and Insolvency Act&nbsp;(Canada).

Reported Saturday, Vicinity Motor Fails To Renegotiate Terms With Creditors, Concludes Workout Plan Without Restructuring

<ul>
<li>-Subject 1 and Subject 2 experienced durable, clinically meaningful improvements in swallowing at 9-months and 6-months post-BB-301 treatment, respectively, with Subject 2 achieving a Sydney Swallow Questionnaire Score Representative of Clinically Normal Swallowing-</li>
<li>-Management plans to host a conference call on October 14 at 8:30 am EDT to discuss the interim results, details below-</li>
</ul>

BNTC

Reported Saturday, Benitec Biopharma Reveals Data From Low-Dose BB-301 In Phase 1b/2a Study At World Muscle Society Congress

<ul>
<li>First scientific presentation of previously announced data from Cohort 1 of the ongoing Phase&nbsp;1b&nbsp;clinical trial evaluating low-dose LTI-03 (2.5 mg BID) in IPF, affirms positive trends in seven of the eight biomarkers evaluated, suggesting potential therapeutic effect</li>
<li>Recently completed enrollment of Cohort 2 evaluating high-dose LTI-03 (5 mg BID) in mid-September; topline data expected in the near-term</li>
</ul>

ALRN

Reported Saturday, Aileron Therapeutics To Present Phase 1b Trial Data On LTI-03 For Idiopathic Pulmonary Fibrosis At 22nd Lung Fibrosis Colloquium

German automaker Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) delivered 189,400 all-electric vehicles in the three months through the end of September, <a href="https://www.benzinga.com/markets/24/09/40958654/volkswagens-crisis-is-the-reflection-of-europes-automotive-struggles">marking a drop of about 10%</a> from the corresponding period last year, the company said on Friday.
What Happened: The company witnessed most decline in EV sales in the U.S., followed by Europe. While EV deliveries in the U.S. fell by nearly 42% to 11,900 in the third quarter, deliveries in Europe dropped 12%. 
However, in China, EV deliveries rose 5.2% to 57,500 units. 
The group&#8217;s best-selling all-electric vehicles in the period were Volkswagen ID.4/ ID.5 and the ID.3, the company said, with the Audi Q4 e-tron following close at heel. 
Overall, Volkswagen delivered about 2.2 million vehicles globally in the last quarter across fuel types, marking a drop of about 7% from Q3 last year, owing to a significant drop in sales in Western Europe and China, its primary markets. 
Why It Matters: Volkswagen now expects deliveries of new models such as the VW ID.7 Tourer,&nbsp;Audi Q6&nbsp;e-tron,&nbsp;and Porsche Macan Electric to spurr numbers in the last quarter. 
&#8220;In the coming months, numerous attractive new models across all brands will strengthen our market position worldwide. In addition, however, a better cost base, particularly in Germany, is essential to remain successful in this environment in the future," said Marco Schubert, Member of Volkswagen Group's Extended Executive Committee for Sales. 
Late last month, Volkswagen <a href="https://www.benzinga.com/news/24/09/40935394/chinese-ev-maker-nio-eyes-audis-brussels-plant-amid-european-expansion-report">cut its annual outlook</a> citing a challenging market environment to global deliveries of around 9 million, down from the 9.24 million delivered last year. The company had previously said that it expects a rise of up to 3%. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41307588/polestar-conducting-review-of-strategy-and-operations-following-drop-in-q3-deliveries">Polestar Conducting Review Of Strategy And Operations Following Drop In Q3 Deliveries</a></li>
</ul>
Photo courtesy: Volkswagen

VWAGY

Volkswagen EV Sales Drop 10% In Q3 Due To Slowdown In US And EU, But China Shines As A Bright Spot With 5% Growth

<ul>
<li>24.8 MW of Projects Expected in the Near Term</li>
<li>820 Homes Expected to be Powered by this Project</li>
<li>SolarBank&#39;s First Community Solar Project in&nbsp;Pennsylvania</li>
</ul>

SUUN

SolarBank Unveils 7 MW Stauffer Community Solar Project In Pennsylvania

<ul>
<li>Inventiva secures &euro;94.1 million of a multi-tranche equity financing of up to &euro;348 million, subject to satisfaction of specified conditions, from both new and existing investors, and up to&nbsp;$30 million&nbsp;in milestone payments relating to equity financing pursuant to amendment to license and collaboration agreement with CTTQ.</li>
<li>Proceeds from financing to be primarily used to advance Inventiva&#39;s Phase 3, NATiV3 clinical trial evaluating lanifibranor in patients with MASH.</li>
<li>More than 1,100 patients randomized in the NATiV3 study evaluating lanifibranor for the treatment of noncirrhotic MASH, with completion of enrollment projected in 1H 2025.</li>
<li>Appointment to the Board of Directors of Mark Pruzanski, MD, as Chairman and Srinivas Akkaraju, MD, PhD, as director, subject to the next General Meeting of Shareholders&#39; approval</li>
</ul>

Inventiva Raises Up To €348M To Fund Phase 3 NATiV3 Clinical Trial For MASH, Appoints New Chairman and Director

<ul>
<li>Record&nbsp;Europe,&nbsp;Middle East&nbsp;and&nbsp;Africa&nbsp;(EMEA) ADV&nbsp;of&nbsp;6.2M, up&nbsp;30%&nbsp;in&nbsp;Q3&nbsp;2024</li>
<li>Asia Pacific&nbsp;(APAC) ADV of&nbsp;1.8M, up&nbsp;28%</li>
</ul>

CME Group International ADV Reaches 8.4M Contracts In Q3 2024, Bolstered By 30% Growth In EMEA And 28% In APAC

Base Carbon Inc. GAAP EPS of -$0.01

Base Carbon Inc. reports financial results

Base Carbon Inc. GAAP EPS of -$0.17

Base Carbon Inc. GAAP EPS of $0.06

BCBNF

Carbon Offset Financier Provides Corporate Update

Events

Press Releases

Today's Schedule at The MicroCap Rodeo Winter Wrap Up Conference

Base Carbon Reports Year End 2023 Operating and Financial Results

Base Carbon Announces Receipt of First Correspondingly Adjusted Article 6 Authorized Carbon Credits

Base Carbon Provides Corporate Update and Announces Investor Update Call

Base Carbon Reports First-Quarter 2024 Operating and Financial Results

Base Carbon Announces Renewal of Normal Course Issuer Bid

Management

Base Carbon Announces Annual General and Special Meeting Results

Financing

Base Carbon Announces Receipt of US$11.2 Million From Sale of Carbon Credits

Base Carbon Reports Second-Quarter 2024 Operating and Financial Results

DRIO

DTST

JNVR

LRHC

SPGC

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