Latest News for BCE Stock (OTC:BCEFF)

BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrier—the legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz.

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Alterity Therapeutics Limited - American Depositary Shares

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Stocks That Fell Through 52-Week Lows Wednesday

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Stocks That Managed to Breach 52-Week Lows Friday

BCE Inc

Cyber insurance has become a very fashionable space these days, said Ajit Jain, the vice chairman of insurance operations for Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>). Over the last few years, it has become <a href="https://www.benzinga.com/general/24/02/36987783/scott-mayor-founder-of-endurance-advises-businesses-on-managing-cyber-risk" target="_blank" rel="noreferrer noopener">at least a $10 billion market globally</a>.
Speaking at Berkshire Hathaway&#8217;s annual shareholder <a href="https://www.youtube.com/watch?v=X3wLdzddRtI" target="_blank" rel="noreferrer noopener">meeting </a>in Nebraska, Omaha, on Saturday, Jain said that the profitability of cyber insurance is also reasonably <a href="https://www.benzinga.com/news/24/05/38630719/warren-buffett-fears-the-ai-genie-thats-part-out-of-the-bottle-but-agrees-it-has-potential-to-do-goo" target="_blank" rel="noreferrer noopener">high, around 20% of the total premium</a>.
However, he said Berkshire tends to be very careful when considering cyber insurance liabilities because:
<ul>
<li>Knowing the quantum of losses subject to a single occurrence and the aggregation potential for cyber losses is tough.</li>
<li>According to Jain, if some cloud operations come to a standstill, the aggregation losses can be huge, and not being able to understand a &#8220;worst-case cap on it is what scares us.&#8221;</li>
<li>There is a difficulty in understanding the loss cost of cyber insurance — not just for a single loss, but for losses over time.</li>
</ul>
&#8220;We have been fairly well contained, out of 100 cents of the dollar of the premium losses over the last four, five years, I think, have not been beyond 40 cents of the dollar, leaving a decent profit margin,&#8221; Jain added. 
Still, he highlighted that, currently, there isn&#8217;t enough data to fully understand the true loss cost.
&#8220;I have discouraged [staff] from writing cyber insurances,&#8221; Jain said. &#8220;Each time you write a cyber insurance policy, you are losing money.&#8221;
As a result, while cyber insurance is projected to be a huge business, it could be associated with huge losses.
&#8220;Our approach is to sort of stay away from it right now until we can&nbsp;have access to&nbsp;some meaningful data,&#8221; Jain cautioned.
Since the pandemic, cyberattacks have surged twofold, according to a <a href="https://www.imf.org/en/Blogs/Articles/2024/04/09/rising-cyber-threats-pose-serious-concerns-for-financial-stability">report </a>by the International Monetary Fund. While many companies faced minor direct losses, some, like Equifax, endured significant tolls. Equifax, for example, spent over $1 billion on breach compensation and the transformation of its data security following a major 2017 data breach impacting 150 million consumers.
Major US-listed companies providing cyber insurance are:&nbsp;
<ul>
<li>Marsh &amp; McLennan Companies, Inc. Common Stock(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>)</li>
<li>Aon Plc Class A Ordinary Shares (Ireland)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>)</li>
<li>Arthur J. Gallagher &amp; Co. Common Stock(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>)</li>
<li>Brown &amp; Brown, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>)</li>
<li>Willis Towers Watson Public Limited Company &#8211; Ordinary Shares(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>)</li>
</ul>
Berkshire Hathaway, on Saturday, registered a solid increase in <a href="https://www.businesswire.com/news/home/20240504932623/en/Berkshire-Hathaway-Inc.-First-Quarter-2024-Earnings-Release" target="_blank" rel="noreferrer noopener">first-quarter</a> operating earnings, driven by strength in its insurance businesses, <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">both in underwriting and investment income.</a> The company&#8217;s quarterly operating earnings of $11.22 billion rose over 39% <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">from $8.065 billion in the year-ago quarter.</a>
Photo: Shutterstock

Earnings

Equities

Berkshire Hathaway's Ajit Jain Cautions On Cyber Insurance Amid Risks: 'Each Time You Write A Cyber Insurance Policy, You Are Losing Money'

Elon Musk raised eyebrows&nbsp;with his recent tweet affirming a&nbsp;<a href="https://www.benzinga.com/news/23/07/33088668/us-spies-sound-alarm-on-risks-of-engaging-in-business-with-china">prediction of&nbsp;a civil war in the West.</a>
What Happened: In reply to a tweet by Canadian professor Gad Saad, who suggested that &quot;war is coming&quot; and elaborated by stating, &quot;Some imbeciles are questioning the scope of this prediction so let me be clearer: Civil war is coming to the West,&quot; Musk responded by asserting, &quot;100% probability,&quot; causing a stir&nbsp;on X, formerly Twitter. The tweet was posted on Saturday.
<blockquote class="twitter-tweet">100% probability
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1786624683330380207?ref_src=twsrc%5Etfw">May 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>This is not the first time Musk&#39;s tweets have made headlines. Recently, he responded to a tweet by Greg Price, the communications director of the State Freedom Caucus Network, who quoted President Joe Biden&#39;s <a href="http://www.benzinga.com/news/24/04/38479082/elon-musk-gives-one-word-response-to-joe-bidens-dig-at-donald-trump-at-white-house-correspondents-di">remarks at the White House Correspondents dinner</a>.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38491110/this-is-insane-elon-musk-warns-of-forever-war-amid-talks-of-a-decade-long-us-ukraine-security-agreem">Elon Musk Warns Of &#39;Forever War&#39; Amid Talks Of A Decade-Long US-Ukraine Security Agreement</a>
Why It Matters: Musk&#39;s prediction comes amid political tension and unrest. His recent interactions on X,&nbsp;including his response to&nbsp;Biden&#39;s comments, have been seen by some as indicative of his political stance.
Furthermore, Musk&#39;s company, SpaceX, was contracted by the U.S. government<a href="http://www.benzinga.com/news/24/03/37768437/elon-musks-spacex-is-secretly-building-a-huge-spy-satellite-network-for-the-us-government"> to develop a network of spy satellites.</a>
This $1.8 billion project, aimed at enhancing global surveillance capabilities, underscores the growing partnership between SpaceX and national security agencies. This information adds another layer of context to Musk&#39;s ominous prediction.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/03/37574847/biden-vs-trump-elon-musk-says-he-wont-contribute-to-either-campaign-but-his-social-media-activity-su" target="_blank">Biden Vs. Trump: Elon Musk Says He Won&#39;t Contribute To Either Campaign, But His Social Media Activity Suggests Support For One Over Other</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="box-sizing:inherit; color:rgba(var(--sk_highlight,18,100,163),1); text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: <a href="https://flickr.com/photos/thomashawk/" id="yui_3_16_0_1_1714859819729_30604" rel="author" title="Go to Thomas Hawk's photostream">Thomas Hawk</a>&nbsp;via flickr

Social Media

Elon Musk Causes Stir With Response To Professor's Ominous Prediction Of Civil War 'Coming To The West'

On a Sunday afternoon at a Florida racetrack, one would expect a warm reception for Donald Trump and his backers. However, at the Miami Grand Prix this Sunday, <a href="https://www.benzinga.com/general/sports-betting/24/05/38562643/formula-1-stops-trump-fundraiser-miami-grand-prix-connection-to-dolphins-owner-draws-atten" target="_blank" rel="noreferrer noopener">that expectation will be challenged. </a>
Organizers of the event sent a cease-and-desist letter to a wealthy Trump supporter planning a $250,000 per ticket fundraiser in a suite overlooking the race, <a href="https://www.bloomberg.com/opinion/articles/2024-05-04/miami-grand-prix-trump-is-ruining-republicans-relationship-with-motor-sports?srnd=all&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reported</a> Bloomberg.
With dwindling viewership over the years, motor sports are aiming to expand their audience beyond traditional fans. Promoting conservatism or any politics at the track could hinder this goal, the report added.
IndyCar also refused a team&#8217;s bid to display Trump and Robert F. Kennedy Jr. promotions on its bodywork at the Indy 500. 
Similarly, a plan for Trump to give the command to start engines at a televised IndyCar race in Thermal, California, was abruptly scrapped in March, as <a href="https://racer.com/2024/04/26/indycar-denies-rfk-jr-trump-car-at-indy-500/">reported</a> by Racer, a prominent motor sports news outlet.
The shift is especially striking given that, since Richard Nixon, Republican presidents have seen motor sports as a way to connect with Southern white working-class culture, according to Bloomberg. 
NASCAR has been especially appealing,&nbsp;with its roots&nbsp;in Prohibition-era bootlegging, where drivers raced modified production model cars. For many fans, NASCAR embodies a rugged, rebellious Southern heritage often symbolized by the Confederate flag at races, Bloomberg added.
Trump embraced this heritage as president, notably serving as the grand marshal of the 2020 Daytona 500, NASCAR&#8217;s premier event. 
However, this enthusiasm wasn&#8217;t reflected in television viewership. In 2020, Daytona saw its lowest viewership since records were first kept in 1979, with 7.33 million viewers, a figure not aided by rain delays. A year later, viewership dropped further to 4.9 million.
The decline isn&#8217;t limited to Daytona. In 2023, NASCAR averaged 2.86 million viewers, down 5% from 2022, its lowest on record.&nbsp;
Formula 1 also experienced an 8% viewership drop in 2023. IndyCar, while showing improvement, still faces challenges. Since 1993, IndyCar viewership has plummeted by 72.7%,&nbsp;with average broadcasts dropping&nbsp;from 4.1 million to 1.1 million viewers.&nbsp;
Motor sports enthusiasts have various theories for the decline, but one fact remains clear: appeals to Southern heritage, conservative politics and Trump haven&#8217;t attracted new fans to the sport.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38629833/berkshire-hathaways-q1-operating-earnings-surged-39-heres-why" target="_blank" rel="noreferrer noopener">Berkshire Hathaway&#8217;s Q1 Operating Earnings Surged 39% — Here&#8217;s Why</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Politics

Once Vehicles For Republican Presidents To Connect With Southern Whites, Motor Sports Are Shifting Away From Trump

Electric vehicle shares mostly advanced this week, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38624536/federal-reserve-dismisses-rate-hike-fears-labor-market-cools-apple-lures-investors-">riding high on the broader market strength</a> as the Federal Reserve hinted at potential rate cuts. 
Here are the key events that happened in the EV space during the week:
Tesla&#8217;s China FSD Potential, More Job Cuts : A surprise visit by Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk to China was received positively by the market, with the stock jumping over 15% on Monday. The optimism stemmed from reports of the company receiving approval to roll out its full self-driving technology in China. BofA&#8217;s John Murphy&nbsp;estimates <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38542475/teslas-stock-could-rise-by-up-to-24-if-ev-giants-china-fsd-rollout-succeeds-says-fu">incremental annual revenue&nbsp;of half a billion dollars&nbsp;and earnings of $350 million</a> for Tesla if 25% of Tesla owners adopt FSD. Murphy projects even higher earnings ($2.3 billion) by 2030 based on the same adoption rate and projected auto sales growth in China.
Future Fund&#8217;s Gary Black suggests that incremental earnings per share could reach as high as 48 cents per share, and incremental valuation could increase by $24 per share if the FSD take rate is around 30%.
The week also saw the reporting of more job losses at Tesla.
Close on the heels of the large scale job cuts, The Information reported that Musk sent an email to managers regarding the eliminations of more key executives, including Senior Director of EV Charging Rebecca Tinucci and Director of Vehicle Programs Daniel Ho. The move raised eyebrows as the company secured deals with most legacy automakers and its EV peers for sharing its charging network.
In the email, Musk later clarified on X that the the company still planned to expand the Supercharger network, &#8220;just at a slower pace for new locations and more focus on 100% uptime and expansion of existing locations.&#8221;
Bloomberg reported that Tesla's Senior Director of HR Allie Arebalo also left the company.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best Electric Vehicle Stocks</a>
Rivian Receives State Funding: Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) said it received an $827 million incentive package from the Illinois Department of Commerce Economic Opportunity. This, according to the company, would allow the expansion of operations at its Normal, Illinois plant, in addition to funding job training programs for employees ahead of the start of production of the R2, the company&#8217;s mid-sized SUV.
Separately, a Bloomberg report said Rivian is planning to cut 1% of its global workforce, following a 10% job cut announced earlier this year.
Fisker In Legal Trouble: Embattled EV startup Fisker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSR#NYSE">FSR</a>), which is hurtling toward bankruptcy, is now entangled in another legal mess. TechCrunch <a href="https://techcrunch.com/2024/05/03/fisker-pear-alaska-lawsuit-engineering-class-action/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAHATFAE6Q8oltZ5C10IEevgvQy_Ganrm2crYour9PG-_zBj2hXtRUpuMty0Lm07DykfBz-ikKU_XlBFS1O1jXj4NW7woXW7o7Rn9jlrjDncyIh8qQ1ppIK6hFP3niTDjML5NHuzux8WHtEtqFq8C9bimUDEV81vGPixkTqxk1Ycg">reported</a> that a U.S. subsidiary of German engineering giant Bertrandt AG filed a lawsuit, stating that the EV startup stopped paying for the work it rendered to help develop the Pear low-cost EV. The German company also accused Fisker of wrongfully holding onto IP associated with those vehicles and is seeking around $13 million in damages.
The report noted that Fisker has also been the subject of at least 30 lemon law violations. Lemon laws are meant to provide a remedy for purchasers of cars and other consumer goods in order to compensate for products that repeatedly fail to meet standards of quality and performance.
Chinese Startups Sparkle With April Sales: Despite intense rivalry and price cuts in China, domestic startups reported strong sales numbers for April. Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) delivered 15,620 EVs, up about 135% year-over-year, and rival XPeng, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) sales climbed 33% year-over-year and 4% month-over-month to 9,393 units.
Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) delivered 25,787 vehicles, up 0.4% year over year. 
Ford&#8217;s EV Sales Recover: Powered by its Mustang Mach-E, Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) reported a 129% year-over-year increase in EV sales in April. Mach-E sales jumped over 200% to 4,893 units, while F-150 Lightning EV pickup and E-Transit sales were at 2,090 and 1,036 units, taking the total EVs sold during the month to 8,019 units.
The KraneShares Electric Vehicles and Future Mobility&nbsp;Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) ended Friday&#8217;s session up 0.31% at $22.72, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a> For the week, the ETF gained 6.57%.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38606230/elon-musk-wowed-by-apples-biggest-stock-buyback-will-tesla-follow-suit-or-remain-stuck-in-catego">Elon Musk Wowed By Apple&#8217;s Biggest Stock Buyback — Will Tesla Follow Suit Or Remain Stuck In &#8216;Category 5&#8217; Storm?</a>
EV Stock Performances For Week:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Performances (+/-)</td>
</tr>
<tr>
<td>Tesla</td>
<td>+7.66%</td>
</tr>
<tr>
<td>Nio, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)</td>
<td>+24.05%</td>
</tr>
<tr>
<td>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)</td>
<td>+15.56%</td>
</tr>
<tr>
<td>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>+11.82%</td>
</tr>
<tr>
<td>Fisker</td>
<td>-5.46%</td>
</tr>
<tr>
<td>Workhorse Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</td>
<td>+1.91%</td>
</tr>
<tr>
<td>Hyzon Motors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>)</td>
<td>+4.94%</td>
</tr>
<tr>
<td>Canoo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>)</td>
<td>0%</td>
</tr>
<tr>
<td>Rivian </td>
<td>+11.39%</td>
</tr>
<tr>
<td>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</td>
<td>+13.21%</td>
</tr>
<tr>
<td>Faraday Future Intelligent Electric, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>)</td>
<td>-12.98%</td>
</tr>
<tr>
<td>Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>)</td>
<td>+2.19%</td>
</tr>
<tr>
<td>VinFast </td>
<td>+11.15%</td>
</tr>
</tbody>
</table>
</figure>
Photo: Shutterstock

FFIE

GOEV

HYZN

KARS

LCID

NKLA

RIVN

TSLA

WKHS

XPEV

Tesla's China FSD Goldmine, Rivian Receives Much-Needed Cash Boost, Fisker Lands In Another Legal Mess And More: Biggest EV Stories Of The Week

There was a time when 20-plus episode runs were the standard for TV shows, but not for the ones we watch today. If you also like to stay consistent with a fictional world and are itching to binge-watch something that has endured the test of time, you've come to the right place.
Here are five timeless TV shows that have been running forever and are perfect for Gen Zs and millennials alike:
The Simpsons: The Animated Gem That Crack Jokes And Predicts Future&nbsp;
This witty satire with clever social commentary has entertained audiences since its debut in 1989. The show features several relatable characters, from the adorably flawed Homer to the precocious Lisa, with slightly different views than most children her age.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="734" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023113/MV5BNDIzYjQ5ZDAtZmEyZS00NDgyLThkNzEtNDE0OTllMTMxMjc5XkEyXkFqcGdeQXVyMTM2MzkzOTg1._V1_-1024x734.jpg" alt="" class="wp-image-322479" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023113/MV5BNDIzYjQ5ZDAtZmEyZS00NDgyLThkNzEtNDE0OTllMTMxMjc5XkEyXkFqcGdeQXVyMTM2MzkzOTg1._V1_-1024x734.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023113/MV5BNDIzYjQ5ZDAtZmEyZS00NDgyLThkNzEtNDE0OTllMTMxMjc5XkEyXkFqcGdeQXVyMTM2MzkzOTg1._V1_-300x215.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023113/MV5BNDIzYjQ5ZDAtZmEyZS00NDgyLThkNzEtNDE0OTllMTMxMjc5XkEyXkFqcGdeQXVyMTM2MzkzOTg1._V1_-768x551.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023113/MV5BNDIzYjQ5ZDAtZmEyZS00NDgyLThkNzEtNDE0OTllMTMxMjc5XkEyXkFqcGdeQXVyMTM2MzkzOTg1._V1_.jpg 1506w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The Simpsons &#x7C; Source: IMDb</figcaption></figure>
Saturday Night Live: The Ultimate Hub For Hilarious Sketches And Celebrity Guests&nbsp;
This late-night comedy variety show has everything, from live comedy sketches to musical performances and celebrity guests. With almost 50 years on the air, SNL has been a launching pad for some of the biggest names like Eddie Murphy and Tina Fey.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023256/MV5BMTE1ZTM1NTQtNTM0Ny00MDMwLWJlNjItZDc4NTBjNjI1Y2ZjXkEyXkFqcGdeQXVyMTU3MzE1ODcx._V1_-1024x576.jpg" alt="" class="wp-image-322480" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023256/MV5BMTE1ZTM1NTQtNTM0Ny00MDMwLWJlNjItZDc4NTBjNjI1Y2ZjXkEyXkFqcGdeQXVyMTU3MzE1ODcx._V1_-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023256/MV5BMTE1ZTM1NTQtNTM0Ny00MDMwLWJlNjItZDc4NTBjNjI1Y2ZjXkEyXkFqcGdeQXVyMTU3MzE1ODcx._V1_-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023256/MV5BMTE1ZTM1NTQtNTM0Ny00MDMwLWJlNjItZDc4NTBjNjI1Y2ZjXkEyXkFqcGdeQXVyMTU3MzE1ODcx._V1_-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023256/MV5BMTE1ZTM1NTQtNTM0Ny00MDMwLWJlNjItZDc4NTBjNjI1Y2ZjXkEyXkFqcGdeQXVyMTU3MzE1ODcx._V1_.jpg 1260w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Saturday Night Live &#x7C; Source: IMDb</figcaption></figure>
See Also: <a href="https://www.benzinga.com/general/entertainment/24/04/38375666/i-used-to-think-k-dramas-were-all-about-teen-romance-but-these-5-shows-changed-my-mind-mayb">I Used To Think K-Dramas Were All About Teen Romance, But These 5 Shows Changed My Mind — Maybe They Will Change Yours Too</a>
Law &amp; Order (Special Victims Unit): The Gripping World Of Crime And Justice&nbsp;&nbsp;
Over the years, this show has garnered a dedicated fan base because of its compelling and sensitive portrayals of crimes that are particularly heinous, like sexual assault. Moreover, the cast of the show and their depiction of complex characters have made it a favorite of many celebrities as well.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023440/MV5BZWM2NDZiYzktZmVjNy00MTcxLTlkYWEtNjBlODcxMTBjZmEyXkEyXkFqcGdeQXVyMTUzMTg2ODkz._V1_-1024x683.jpg" alt="" class="wp-image-322481" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023440/MV5BZWM2NDZiYzktZmVjNy00MTcxLTlkYWEtNjBlODcxMTBjZmEyXkEyXkFqcGdeQXVyMTUzMTg2ODkz._V1_-1024x683.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023440/MV5BZWM2NDZiYzktZmVjNy00MTcxLTlkYWEtNjBlODcxMTBjZmEyXkEyXkFqcGdeQXVyMTUzMTg2ODkz._V1_-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023440/MV5BZWM2NDZiYzktZmVjNy00MTcxLTlkYWEtNjBlODcxMTBjZmEyXkEyXkFqcGdeQXVyMTUzMTg2ODkz._V1_-768x512.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023440/MV5BZWM2NDZiYzktZmVjNy00MTcxLTlkYWEtNjBlODcxMTBjZmEyXkEyXkFqcGdeQXVyMTUzMTg2ODkz._V1_-1536x1024.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023440/MV5BZWM2NDZiYzktZmVjNy00MTcxLTlkYWEtNjBlODcxMTBjZmEyXkEyXkFqcGdeQXVyMTUzMTg2ODkz._V1_.jpg 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Law &amp; Order (Special Victims Unit) &#x7C; Source: IMDb</figcaption></figure>
NCIS: The Mixture Of Crime-Solving, Camaraderie, And Peak Into Naval Universe&nbsp;
This TV show has won the hearts of many people because it has the winning formula: thrilling crime-solving, diverse personalities of the team members and a healthy dose of quirks and humor. NCIS also has a strong sense of patriotism that resonates with the audience and fosters a sense of pride toward the armed forces.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04023939/MV5BYTdhYTI3ZTItNDc2NS00YzM2LWIxMjQtMTJjZjlkOTg3MTgyXkEyXkFqcGdeQXVyNjc5Mjg0NjU%40._V1_-1024x683.jpg" alt="" class="wp-image-322484" /><figcaption class="wp-element-caption">NCIS&#x7C; Source: IMDb</figcaption></figure>
Days Of Our Lives: The Melodramatic Yet Addictive World Of Salem&nbsp;
It is a daytime soap opera with an addictive blend of love triangles, shocking secrets, evil twins, and more. The show is known for introducing multiple unforgettable characters, including the ultimate antagonist Stefano DiMera and the legendary couple Bo and Hope.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/04024241/MV5BMjE1MTE5MTEyMV5BMl5BanBnXkFtZTgwOTkwNTM1MTI%40._V1_-1024x598.jpg" alt="" class="wp-image-322485" /><figcaption class="wp-element-caption">Days Of Our Lives&#x7C; Source: IMDb</figcaption></figure>
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38457119/5-ancient-mysteries-tha%5B%E2%80%A6%5Due-to-baffle-scientists-despite-all-the-advancements-in-tech/upcacheh">5 Ancient Mysteries That Continue To Baffle Scientists Despite All The Advancements In Tech</a>
Image Via Shutterstock

Entertainment

From Classics To Cult Favorites: 5 Longest-Running American TV Shows Every Gen-Z And Millennial Should Add To Their Watchlist

The weekend dawned with <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38630402/teslas-dogecoin-adoption-sends-crypto-market-into-frenzy-meme-coin-surges-by-over-21">frenzied activity in meme coins,</a> spearheaded by a newcomer among the pack. The gains came on the back of broad-based strength seen in the cryptocurrency space.
The Movers: Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based, dog-themed meme coin Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>), which launched in November 2023, led the gains among the meme coins. At last check:
<ul>
<li>WIF rose 17.63% over the past 24 hours to $3.47.</li>
<li>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) climbed 14.88% to $0.1613.</li>
<li>Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) surged up 14.26% to $$0.0001955.&nbsp;</li>
<li>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) rose 11.23% to $$0.000008846.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/top-meme-coins">Top 10 Meme Coins To Look Out For In 2024</a>
What&#8217;s Driving The Rally: Meme coins have been on an uptrend since late April and the strength was sustained for much of the week amid the Federal Reserve&#8217;s rate decision and Jerome Powell&#8217;s dovish comments.
The weekend acceleration came as some publications reported that Elon Musk&#8217;s electric-vehicle company Tesla would accept payment for certain products in Doge on its online shop. This, however, is not a new development.
Crypto analyst Ali Martinez predicted on Wednesday that Doge could be priming for a bull run. Sharing a long-term chart of the crypto on X, formerly Twitter, he said the meme coin was tracing a pattern, which has been a precursor for the bull runs in the past.
<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">Over the years, <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> appears to mirror its previous bull cycles! All you need is a little bit of patience. &#x231a;&#xFE0F; <a href="https://t.co/QMqvmJaLkl">pic.twitter.com/QMqvmJaLkl</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1785808747383673157?ref_src=twsrc%5Etfw">May 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">The move could have to do more with momentum buying. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the apex crypto also rose, advancing 2.97% to $63,695.82, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a></figcaption></figure>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38630548/exclusive-trump-themed-maga-memecoin-plans-to-rival-dogecoin-and-shiba-inu-with-four-more-">Trump-Themed MAGA Memecoin Plans To Rival Dogecoin And Shiba Inu With &#8216;Four More Years Of Catalysts&#8217;</a>
Photo: Shutterstock

$BTC

$DOGE

$FLOKI

$PEPE

$SOL

$WIF

Dogecoin Sprints Off With Meme Cousins Over The Weekend: Here Are 4 Cryptos Trading With 10%+ Gains

While explaining why <a href="https://www.benzinga.com/markets/equities/24/05/38630421/warren-buffett-confidence-in-apple-wanes-berkshire-cuts-stake-by-18-amid-tech-giants-troubles">Berkshire Hathaway trimmed its Apple position at the annual shareholder meeting</a> on Saturday, Warren Buffett made a comment that drew huge applause from the audience.
The investment guru noted that Berkshire pays taxes at a 21% federal tax rate on the capital gains it earns on its Apple investment. The tax rate was at 35% not long ago and a steeper 52% in the past, he said.
&#8220;The federal government owns a part of the earnings of the business we make. They don&#8217;t own the assets, but they own a percentage of the earnings and they can change that percentage any year,&#8221; he said.
&#8220;I would say with the present fiscal policies, I think that something has to give,&#8221; he said.
<a href="https://www.benzinga.com/general/macro-notification/24/04/38337484/is-the-us-national-debt-unsustainable-we-cant-have-a-deficit-of-7-of-the-gdp">The U.S. government is operating with a huge fiscal deficit</a> and is burdened by a heavy debt load. 
With this in mind, Buffett said higher taxes are quite likely. 
&#8220;They may decide that someday they don&#8217;t want the fiscal deficit to be this large because that has some important consequences and they may not want to decrease spending a lot,&#8221; he said.
Buffett stated that Berkshire pays substantial federal income taxes, emphasizing that it is appropriate for a company in a country as generous to business owners as the United States to fulfill its tax obligations.
He noted that Berkshire sent over $5 billion to the U.S. federal government in taxes last year. 
&#8220;If 800 other companies had done the same thing no other person in the United States would have had to pay a dime of federal taxes, whether income taxes, no social security taxes, no estate taxes.&#8221;
Read Next:<a href="https://www.benzinga.com/news/24/05/38630385/wanna-save-real-money-buffett-has-2-pieces-of-advice-for-cash-strapped-consumers"> Wanna Save &#8216;Real Money?&#8217; Buffett Has 2 Pieces Of Advice For Cash-Strapped Consumers</a>
Photo: Shutterstock

Government

Buffett Says No Other Americans Would Have Had To Pay Even A Dime In Federal Taxes If This Had Happened

Former top aide to Donald Trump,&nbsp;Hope Hicks, testified yesterday that he instructed her during the 2016 presidential election&#8217;s final days to deny his&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38604557/trumps-hush-money-trial-lawyer-who-represented-stormy-daniels-reveals-payment-details-reads-out-fund" rel="noreferrer noopener">alleged sexual involvement with&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/05/38604557/trumps-hush-money-trial-lawyer-who-represented-stormy-daniels-reveals-payment-details-reads-out-fund" rel="noreferrer noopener">Stormy Daniels</a>.
Hicks&#8217; testimony provided jurors with insights into the campaign&#8217;s efforts to manage damage control amid numerous allegations of Trump&#8217;s inappropriate sexual behavior during the final weeks of his victorious White House bid, Reuters reported.
Check This Out:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/politics/24/05/38626165/hope-hicks-testifies-on-trumps-ex-lawyer-michael-cohens-mr-fix-it-moniker-only-because-he-broke-" rel="noreferrer noopener">Hope Hicks Testifies On Trump&#8217;s Ex-Lawyer Michael Cohen&#8217;s &#8216;Mr. Fix&nbsp;It&#8217;&nbsp;Moniker: &#8216;Only Because He Broke It First&#8217;</a>
Trump has maintained his innocence against charges of falsifying business records to conceal a $130,000 payment to Daniels, who threatened to disclose their alleged 2006 sexual encounter.
Hicks testified that she told Trump four days before the Nov. 8, 2016, election that the Wall Street Journal would publish details of Daniels&#8217; story.&nbsp;
&#8220;He wanted to make sure that there was a denial of any kind of relationship,&#8221; said Hicks, who served as campaign press secretary, according to Reuters. 
Hicks added that Trump expressed a desire to shield his wife, Melania Trump, from the story, which also implicated him in an alleged affair with former Playboy model Karen McDougal. 
Donald Trump has consistently denied engaging in sexual relations with either woman.
&#8220;He was concerned about how it would be viewed by his wife, and he wanted me to make sure the newspapers weren&#8217;t delivered to the residence that morning,&#8221; Hicks said.
Hicks&#8217; testimony might support Donald Trump&#8217;s legal defense that the payment to Daniels was intended to shield his wife, not influence voters. 
The former president purportedly told Hicks that his lawyer, Michael Cohen, made the payment out of personal goodwill to shield him from false allegations.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/05/38629833/berkshire-hathaways-q1-operating-earnings-surged-39-heres-why" target="_blank" rel="noreferrer noopener">Berkshire Hathaway&#8217;s Q1 Operating Earnings Surged 39% — Here&#8217;s Why</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Did Donald Trump Deny Stormy Daniels Affair To Shield Wife Melania From Scandal? Former Top Aide Testifies In Hush-Money Trial.

<a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a>&#8216;s vow to combat what he perceives as &#8220;anti-white sentiment&#8221; in the United States is poised to empower supporters who aim to dismantle initiatives within both government and corporate sectors aimed at addressing racism and <a href="https://www.benzinga.com/24/04/38037760/trump-allies-to-reportedly-address-anti-white-racism-through-civil-rights-law-reinterpretation-biden" target="_blank" rel="noreferrer noopener">promoting diversity in American society</a>.
Certain prominent backers of the ex-president, now the 2024 Republican presidential nominee, argue that measures designed to protect people of color in educational settings, workplaces and charitable organizations should be revisited to also safeguard the rights of white individuals, Reuters reported.
&#8220;I think there is a definite anti-white feeling in this country,&#8221; Trump told Time in an <a href="https://time.com/6972270/donald-trump-anti-white-bias-exclusive/" target="_blank" rel="noreferrer noopener">interview</a> published last week. &#8220;I don&#8217;t think it would be a very tough thing to address, frankly. But I think the laws are very unfair right now.&#8221;
During the interview, Trump did not provide specific instances of anti-white bias or propose any policy solutions.
Trump has outlined several plans, and some of his allies are offering detailed recommendations in the event that Trump regains the White House from Democrat Joe Biden in the upcoming Nov. 5 election, Reuters added.
One proposal from Trump would overturn Biden&#8217;s executive order, which mandates federal agencies to evaluate whether underserved communities — such as people of color, LGBTQ Americans, and rural Americans — have sufficient access to their programs. 
Trump has pledged at campaign rallies to defund schools that teach critical race theory, an academic concept seldom taught in public schools that posits that racial bias is ingrained in U.S. institutions.
&#8220;There&#8217;s always been an ability to foment this kind of anxiety and frustration among many whites whenever an effort to level the playing field for non-whites has been successful in any way,&#8221; said&nbsp;Tricia Rose, director of the Center for the Study of Race and Ethnicity in America at Brown University, Reuters noted.
Corporate diversity programs must ensure they are not discriminatory, with the Justice Department potentially citing Section VII of the 1964 Civil Rights Act for authority. This landmark legislation, born from the Civil Rights Movement, bars hiring or compensation decisions based on race, color, religion, sex, or national origin. 
Gene Hamilton, a former Justice Department official under Trump, argued that this act should safeguard white individuals too. 
Read Next:<a target="_blank" href="https://www.benzinga.com/news/24/03/37765159/tesla-settles-racial-discrimination-lawsuit-with-former-employee" rel="noreferrer noopener">&nbsp;Tesla Settles Racial Discrimination Lawsuit With Former Employee</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Donald Trump's Pledge To Tackle 'Anti-White Sentiment' Sparks Debate On Country's Policies Promoting Racial Diversity And Equity: 'The Laws Are Very Unfair Right Now'

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