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Former Attorney General Bill Barr has announced his intention to vote for former President&nbsp;Donald Trump in the 2024 election, <a href="https://www.benzinga.com/news/24/04/38346954/trump-in-hot-seat-in-hush-money-case-prosecutors-seek-deep-dive-into-ex-presidents-alleged-misconduc">despite his past criticism of Trump&#39;s actions.</a>
What Happened: Barr, who had previously voiced his belief that Trump &quot;shouldn&rsquo;t be anywhere near the Oval Office,&quot; stated on Friday that he believes Trump would do less damage than President Joe Biden.
His support for Trump comes despite his criticism of Trump&#39;s alleged attempts to subvert the peaceful transfer of power and the fact that Trump is facing 88 criminal counts.
During an interview on &quot;The Source,&quot; Barr confirmed his support for the Republican ticket, stating that he would vote for Trump as he believes Trump would cause less damage over four years, <a href="https://edition.cnn.com/2024/04/26/politics/barr-vote-for-trump-2024/index.html">reported&nbsp;</a>CNN.&nbsp;
&ldquo;I think that Biden is unfit for office,&rdquo; Barr told &quot;The Source.&quot; &ldquo;I think Trump would do less damage than Biden, and I think all this stuff about a threat to democracy &mdash;&nbsp;I think the real threat to democracy is the progressive movement and the Biden administration.&rdquo;
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38475895/in-week-1-of-donald-trumps-hush-money-trial-a-former-tabloid-exec-revealed-how-ex-president-tried-to">In Week 1 Of Donald Trump&#39;s Hush Money Trial, A Former Tabloid Exec Revealed How Ex-President Tried To Suppress Damaging Stories</a>
Barr&#39;s public support for Trump&nbsp;came&nbsp;a day after the Supreme Court heard arguments in the election subversion case, questioning whether presidents should have absolute immunity from criminal prosecution for their actions while in office.
&ldquo;I think the real threat to democracy is the progressive movement and the Biden administration,&rdquo; Barr said.
Why It Matters: Earlier in the year, Trump had&nbsp;<a href="http://www.benzinga.com/news/24/01/36442249/trump-privately-worries-over-ballot-eligibility-as-supreme-court-decision-looms">privately expressed&nbsp;apprehension</a> about a potential Supreme Court ruling that may not land in his favor amid challenges to his eligibility for the 2024 ballot.&nbsp;
Furthermore, a YouGov <a href="http://www.benzinga.com/news/24/02/36924973/trumped-up-charges-poll-reveals-what-most-americans-think-of-charges-against-embattled-ex-president">survey </a>revealed a prevailing sense of distrust among Republican voters regarding the impartiality of the legal proceedings against Trump.
Seventy-three percent of Republicans polled believe the federal case concerning election subversion has been handled unjustly.
Interestingly, Barr previously <a href="http://www.benzinga.com/news/24/03/37576742/donald-trumps-justice-department-once-stymied-a-major-investigation-into-caterpillar-says-report">played a key role </a>in defending Caterpillar during a major federal investigation. His support for Trump could be seen as continuing his role in defending high-profile figures against federal investigations.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38348768/courtroom-appearances-by-these-two-members-of-donald-trumps-family-could-help-him-in-hush-money-tria" target="_blank">Courtroom Appearances By These Two Members Of Donald Trump&#39;s Family Could Help Him In Hush-Money Trial, Say Experts</a>
Photo: Shutterstock

News

Politics

General

Former AG Bill Barr Announces Intention To Vote For Donald Trump, Despite Previously Saying Ex-President Shouldn't Be 'Anywhere Near The Oval Office'

A potential running mate for <a href="https://www.benzinga.com/news/24/04/38422645/trumps-niece-says-ex-president-could-see-potential-imprisonment-as-opportunity-donald-is-facing-real">Donald Trump is facing criticism </a>for recounting the controversial story of her dog&#8217;s death in her memoir.
In her forthcoming memoir, South Dakota Governor Kristi Noem called her dog Cricket &#8220;untrainable&#8221; and &#8220;dangerous,&#8221; <a href="https://www.bbc.com/news/world-us-canada-68909801" target="_blank" rel="noreferrer noopener">reported</a> BBC.
Noem said she ultimately decided to euthanize Cricket and led the <a href="https://www.benzinga.com/startups/24/02/37363631/mella-pet-care-takes-center-stage-on-abcs-shark-tank-with-groundbreaking-pet-wellness-innovations" target="_blank" rel="noreferrer noopener">dog to a gravel pit where she shot her.</a>
&#8220;It was not a pleasant job,&#8221; she wrote. &#8220;But it had to be done.&#8221; 
The memoir, titled &#8220;No Going Back: The Truth on What&#8217;s Wrong with Politics and How We Move America Forward,&#8221; is due for release on May 7.
According to a separate report by Reuters, Noem described Cricket as disrupting a hunt, later attacking local chickens, and behaving like a &#8220;trained assassin,&#8221; posing a danger to anyone she encountered.
The Democratic National Committee reacted strongly to the excerpts, labeling them &#8220;horrifying&#8221; and &#8220;disturbing,&#8221; and sought to leverage them in framing an argument against Noem for the 2024 election.
In a statement online, the committee said, &#8220;If you want elected officials who don&#8217;t brag about brutally killing their pets&#8230; vote Democrat,&#8221; according to BBC.
Meghan McCain, the daughter of 2008 Republican presidential candidate John McCain, also said in response, &#8220;You can recover from a lot of things in politics, change the narrative etc &#8211; but not from killing a dog.&#8221;
In a <a href="https://twitter.com/KristiNoem/status/1783849977409671483" target="_blank" rel="noreferrer noopener">post </a>on X, formerly Twitter, on Friday, Noem said, &#8220;We love animals, but tough decisions like this happen all the time on a farm. Sadly, we just had to put down 3 horses a few weeks ago that had been in our family for 25 years. If you want more real, honest, and politically INcorrect stories that&#8217;ll have the media gasping, preorder.&#8221;
Noem, who left college at 22 to manage her family farm, recounted in her memoir attempting to train Cricket, then a 14-month-old wirehaired pointer, by bringing her along on a pheasant hunt with older dogs.
Despite efforts to discipline her, including&nbsp;the use of&nbsp;an electronic collar, Noem recounted that Cricket&#8217;s behavior persisted. On their way home from the hunt, Cricket escaped and proceeded to attack a local family&#8217;s chickens, killing them with a single bite each.
The situation prompted Noem to recognize that another unpleasant task awaited that day: disposing of a male goat her family owned. 
Describing the goat as &#8220;nasty and mean&#8221; and a threat to her young children, she detailed shooting the goat in a similar manner to Cricket. However, the goat survived the first bullet, requiring her to return to her truck for another shell, she noted in her book, according to BBC. 
Colleen O&#8217;Brien, senior director at PETA, condemned Noem&#8217;s choice to euthanize the dog. She criticized the potential vice presidential candidate for allowing &#8220;this rambunctious puppy loose on chickens and then punishing her by deciding to personally blow her brains out rather than attempting to train her or find a more responsible guardian who would provide her with a proper home,&#8221; Reuters noted.
Read Next:<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38476449/voters-reveal-whether-they-feel-donald-trump-is-receiving-fair-treatment-in-court-in-latest-poll" rel="noreferrer noopener">&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38476449/voters-reveal-whether-they-feel-donald-trump-is-receiving-fair-treatment-in-court-in-latest-poll" rel="noreferrer noopener">Voters Reveal Whether They Feel Donald Trump Is Receiving Fair Treatment In Court In Latest Poll — What That Means For Former President&#8217;s Election Chances</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Markets

Trump VP Contender Kristi Noem Stirs Controversy Defending Dog's Brutal Killing On Family Farm: 'It Had To Be Done'

Leawood, Kansas-based movie theater chain AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) preannounced <a href="https://www.benzinga.com/calendars/earnings">first quarter results</a> after the market close on Friday, and the stock fell in after-hours trading.
Q1 Preannouncement: AMC said it expects to report first-quarter revenue of $951.4 million and a net loss of $163.5 million (62 cents per share). This is in comparison to the year-ago numbers of $954.4 million in revenue and $235.5 million in net loss ($1.71 per share).
Analysts, on average, have modeled revenue of $861.06 million and a loss of 79 cents per share, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Commenting on the results, CEO Adam Aron said, &#8220;As predicted, the box office in the first quarter was adversely impacted by the 2023 Hollywood writers and actors strikes. Nonetheless, AMC outperformed. AMC exceeded consensus estimates for Revenue, Adjusted EBITDA, Net Income, and Diluted EPS.&#8221;
AMC said it sees first-quarter adjusted EBITDA to come in at a negative $31.6 million, wider than the year-ago&#8217;s negative $7.1 million, which included a $16.7 million benefit from an early termination of a theater lease.
Cash and cash-equivalents, at the end of March 31, are estimated at $624.2 million, the company said. This reflects a drawdown from the $884.3 million it held at the end of the fourth quarter.
The diluted loss per share was calculated based on 263.4 million in outstanding shares, up 137.4 million a year-ago, it added. 
AMC is scheduled to release its first-quarter results after the market closes on May 8.
See Also: <a href="https://www.benzinga.com/money/best-media-diversified-stocks">Best Media Diversified Stocks</a>
Stock Sale Update: AMC said that out of the $250 million worth of Class A common stock it planned to offer through an at-the-market offering launched in March, it sold 12.8 million shares and raised gross proceeds of $41.8 million as of April 25. All of these proceeds were received after March 31, it said.
Look Ahead: AMC hinted at the soft patch continuing. 
&#8220;While we anticipate that the second quarter box office will continue to be affected by the 2023 Hollywood strikes, we are ebullient about the upcoming film slate, and we expect to see an increasingly strong box office as the year progresses,&#8221; said Aron.
Why It&#8217;s Important: AMC is going through a multi-year turnaround from the hit it took from theater closures amid the COVID-19 pandemic. Strong retail interest in the stock amid the <a href="https://www.benzinga.com/markets/cryptocurrency/21/12/24400355/traders-added-150b-to-the-market-cap-of-amc-gme-and-48-other-meme-stocks-in-2021-report">meme mania pushed it to staggering heights in 2021,</a> and the company capitalized on the meme rally and raised the much-needed cash through stock offerings. 
The company still faces the risk of debt repayment. 
&#8220;AMC must cover its interest payments and leases while chipping away at the $3 billion in debt repayments coming due over the next three years while renegotiating the rest,&#8221; said Wedbush&#8217;s Alicia Reese in a recent report.
The stock ended Friday&#8217;s session up 3.96% at $3.41, but fell 3.81% to $3.28 in after-hours trading following the preannouncement.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/02/37378048/amc-entertainment-q4-earnings-highlights-revenue-beat-eps-beat-stunning-results-from-taylor-swift-b">AMC Entertainment Q4 Earnings Highlights: Revenue Beat, EPS Beat, &#8216;Stunning&#8217; Results From Taylor Swift, Beyonce Films</a>
Photo: Shutterstock

Entertainment

Equities

AMC Expects Q1 Results To Top Estimates Despite Fewer Box Office Releases Due To Hollywood Strikes, Sees Impact Extending To Q2

Lookonchain, a prominent crypto analyst, recently reported a significant Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) deposit<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38346617/latest-bitcoin-halving-could-cost-miners-billions-of-dollars-in-revenue-report"> by a whale into the Kraken exchange.</a>
The move is notable due to the size of the transaction and the whale&#39;s previous accumulation.
What Happened: According to a tweet by Lookonchain on Thursday, a whale deposited 1,200 Bitcoin, equivalent to $77.67 million, into the Kraken cryptocurrency exchange. The&nbsp;transaction occurred just 43 minutes prior to the tweet.
<blockquote class="twitter-tweet">A whale deposited 1,200 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($77.67M) into <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw">#Kraken</a> 43 minutes ago.
The whale accumulated 24,755 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($1.68B) at an average price of $68,051 from Mar 1 to Apr 15.
Address: 
bc1qcpflj68s3ahy4xajez4d8v3vk28pvf7qte2jmlftvxzfke2u6mqsge3gvh <a href="https://t.co/fQP33Se1t8">pic.twitter.com/fQP33Se1t8</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1783875180286328894?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>The same whale had reportedly accumulated 24,755 BTC, valued at approximately $1.68 billion, between March 1 and April 15.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36624790/crypto-analyst-foresees-upswing-in-bitcoins-value-before-major-plunge">Crypto Analyst Foresees Upswing In Bitcoin&#39;s Value Before Major Plunge</a>
The average purchase price during this period was $68,051 per Bitcoin.
According to&nbsp;the data from CryptoQuant, exchange inflows from Bitcoin whales have surged to their highest point in five months.
<blockquote class="twitter-tweet"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>: Surge in Whale Exchange Inflow
&ldquo;This uptick potentially signifies significant profit-taking by whales amidst the 2024 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> bull run.&rdquo; &ndash;By <a href="https://twitter.com/phi_deltalytics?ref_src=twsrc%5Etfw">@phi_deltalytics</a>
Link to the full post <a href="https://t.co/jWdPEJz7V0">https://t.co/jWdPEJz7V0</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1783782518887444620?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>This indicates that significant holders are keen on cashing in their profits, possibly signaling an imminent substantial price correction.
Why It Matters: Large-scale transactions, often called &quot;whale&quot;&nbsp;activity, can significantly influence the cryptocurrency market.
This particular whale&#39;s recent deposit into Kraken, following an extensive accumulation period, could potentially impact Bitcoin&#39;s price and trading volume on the exchange.
Lookonchain, which provided&nbsp;the Bitcoin address associated with the whale, allows traders and analysts to monitor&nbsp;account&nbsp;activity. This transparency is a key feature of blockchain technology and can offer valuable insights into market trends and potential price movements.
Now Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37577098/bitcoins-rally-sparks-renewed-interest-in-cryptocurrencies-should-you-invest-in-it-now">Bitcoin&#39;s Rally Sparks Renewed Interest In Cryptocurrencies &mdash; Should You Invest In It Now?</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.
Image: Shutterstock

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

Cryptocurrency

$BTC

As Bitcoin Plunges, Whale Makes Waves With $77.67M Deposit Into Kraken

In Detroit, alongside the NFL Draft, <a href="https://www.youtube.com/live/93htkUYdGNc?feature=shared&amp;t=10012">Benzinga&#8217;s 2024 Draft</a> event hosted a panel titled &#8220;On Champions Mindsets&#8221; with Jared Wangler, a former athlete turned CEO. Wangler guided the conversation with <a href="https://www.benzinga.com/news/events/24/04/38227643/rush-to-glory-donovan-edwards-path-from-college-to-nfl-draft">Donovan Edwards</a>, a standout running back from the University of Michigan, who explored his career from athletics to business.
<h3 class="wp-block-heading">Transforming Athletic Success into Business Strategies</h3>
The panel commenced with Wangler, who shed light on how modern athletes navigate their careers beyond traditional success metrics, such as game wins. 
&#8220;Gone are the days when scoreboard victories defined success. Today, it&#8217;s also about how you build and manage your brand outside the stadium,&#8221; Wangler stated, emphasizing the broader scope of modern athletic careers.
Donovan Edwards, fresh from leading Michigan to a championship victory, shared his insights on what it means to maintain a champion&#8217;s mindset amidst evolving challenges. 
&#8220;Facing adversity head-on and lifting those around you to do the same, that&#8217;s what being a true champion is about,&#8221; Edwards remarked, connecting the concept of resilience in sports to broader life and business challenges.
<h3 class="wp-block-heading">The Impact of NIL on Collegiate Athletics</h3>
The discussion explored the effects of the NCAA&#8217;s name, image, and likeness (NIL) guidelines on athletes. Edwards highlighted the necessity of a strong support system to navigate these new opportunities effectively. 
&#8220;Navigating the NIL landscape requires more than just athletic skill — it demands a reliable team for legal, financial, and marketing guidance to truly succeed,&#8221; he explained. 
This shift has prompted athletes to adopt more sophisticated personal branding and business practices.
<h3 class="wp-block-heading">Prepping for a Promising Future</h3>
Reflecting on his journey and looking forward to his senior year, Edwards offered guidance to younger athletes and peers. 
&#8220;When adversity strikes, it reveals your true character. It&#8217;s about not just facing challenges but using them as stepping stones to forge a path for others to follow,&#8221; he shared, stressing the importance of leadership and legacy in sports.
Edwards also delved into the strategic aspects of managing a brand in the NIL era, from selecting the right team to support personal and professional growth to handling the financial nuances of newfound income streams.
<h3 class="wp-block-heading">Fostering a Legacy of Leadership</h3>
As the panel concluded, Edwards expressed anticipation and a sense of responsibility, focusing on his upcoming final year with Michigan and the legacy he hopes to establish. 
&#8220;This year is about cementing a culture of excellence and preparing the next wave of leaders,&#8221; he concluded, underscoring the ongoing commitment to nurturing a championship culture both on and off the field.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Benzinga Sports Business Titans: Unparalleled Athlete Access &amp; Insights Into Success" width="500" height="281" src="https://www.youtube.com/embed/93htkUYdGNc?start=10012&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Photo by Dustin Blitchok

Sports

Events

Exclusives

Interview

EXCLUSIVE: How Top Athletes Like Donovan Edwards Build Their Brands Beyond Sports

In a recent national poll, former President Donald Trump outpaced President Joe Joe Biden by a slim<a href="https://www.benzinga.com/news/24/04/38131579/donald-trump-reportedly-hid-billionaires-bond-offer-from-court-to-save-millions"> margin of two&nbsp;points, indicating a tightening race.</a>
What Happened: A <a href="https://www.unfporl.org/uploads/1/4/4/5/144559024/porl_spring_2024_national_poll.pdf">poll </a>conducted by the University of North Florida (UNF) shows that 47% of respondents&nbsp;would cast their vote for Trump, while 45% lean&nbsp;towards Biden. The remaining respondents&nbsp;were split among other candidates, had no intention to vote, or were&nbsp;undecided.
Michael Binder, the faculty director of the Public Opinion Research lab at UNF, said&nbsp;that these results point to a &quot;very close race&quot; in the forthcoming November elections.
The poll also revealed that Biden has lost some of his 2020 voters, with 6% of them planning to vote for Trump in 2024.
Conversely, only 2% of 2020 Trump voters expressed their intention to switch to Biden this year.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38133891/donald-trump-says-it-would-be-a-great-honor-if-he-were-jailed-for-breaching-gag-order-i-will-gladly" target="_blank">Donald Trump Says It Would Be A &#39;Great Honor&#39; If He Were Jailed For Breaching Gag Order: &#39;I Will Gladly Become A Modern Day Nelson Mandela&#39;</a>
Despite Trump&#39;s ongoing trial in New York City, 67% of voters stated that a conviction would not influence their vote.
Earlier polls this month showed Biden gaining momentum in some states and national polls.
However, the latest UNF poll, conducted among 745 likely voters from April 8 to 20, indicates a shift in favor of Trump.
Why It Matters: In February, an <a href="https://www.benzinga.com/news/24/02/36925598/trump-vs-biden-poll-shows-one-candidate-overwhelmingly-viewed-as-more-competent-in-handling-of-econo">NBC News poll</a> showed Trump leading Biden by 16 points in economic competence. A <a href="https://www.benzinga.com/news/24/02/37058004/trump-vs-biden-national-poll-shows-slight-advantage-for-one-candidate-in-tight-race">Florida Atlantic University survey</a> also showed Trump leading Biden by 4% among registered voters.
However, a <a href="https://www.benzinga.com/news/24/04/38239577/trump-vs-biden-one-candidates-lead-narrows-to-slim-margin-over-other">New York Times and Siena College poll</a> in April showed Trump&#39;s lead narrowing to just 1 point. Interestingly, <a href="https://www.benzinga.com/news/24/04/38134467/trump-vs-biden-in-surprising-trend-one-candidate-is-gaining-favor-among-younger-voters-over-other">recent polls</a> showed Trump gaining favor among younger voters, a demographic traditionally aligned with the Democrats, and Biden making strides with older voters.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38238321/donald-trump-attempts-to-rally-supporters-ahead-of-first-criminal-trial-72-hours-until-all-hell-brea">Donald Trump Attempts To Rally Supporters Ahead Of First Criminal Trial: &#39;72 Hours Until All Hell Breaks Loose!&#39;</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" rel="noopener noreferrer" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Trump Vs. Biden: One Candidate Hold Slim Lead Over Other In Latest Poll

HomeServices of America, the real estate firm owned by Warren Buffett, has agreed to pay $250 million to settle a nationwide antitrust lawsuit. The settlement could potentially transform <a href="https://www.benzinga.com/news/24/02/37193641/warren-buffetts-empire-nears-trillion-dollar-club-as-class-a-shares-hit-above-600-000">the way real estate agents are compensated.</a>
What Happened: According to&nbsp;a <a href="http://nypost.com/2024/04/26/business/warren-buffetts-real-estate-firm-paying-250m-to-settle-antitrust-suit-over-commissions/">report </a>by the New York Post, HomeServices of America, a subsidiary of Berkshire Hathaway (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-a#NYSE">BRK-A</a>), was the last defendant in a case against the National Association of Realtors (NAR) and four brokerages.
After a jury verdict in Kansas City, Missouri, in October, the settlement aims to preempt a potentially larger payout. The verdict sided with home sellers who alleged that the industry had artificially inflated real estate commissions.
The jury awarded damages of $1.78 billion. HomeServices&#39;s settlement, which still requires court approval, follows the NAR&#39;s $418 million settlement last month.
Analysts suggest that the agreed-upon changes could reduce commissions by at least 25%.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/08/33936436/here-are-the-eyebrow-raising-moves-warren-buffett-michael-burry-and-bill-ackman-made-recently" target="_blank">Here Are The Eyebrow-Raising Moves Warren Buffett, Michael Burry And Bill Ackman Made Recently</a>
With this latest settlement, the NAR and the brokerages, including HomeServices and Re/Max, will pay over $943 million to resolve antitrust claims.
HomeServices&#39; settlement will result in a $140 million after-tax accounting charge, according to spokesperson Chris Kelly, who emphasized that the settlement is &quot;a sole obligation of HomeServices, with no participation by any parent entity.&quot;
Why It Matters: This settlement comes after&nbsp;<a href="https://www.benzinga.com/news/24/01/36815518/this-is-how-much-warren-buffetts-company-missed-out-on-by-dumping-costco-stock-in-2020">Berkshire Hathaway</a>&nbsp;missed several opportunities, including the sale of its shares in Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) during 2020, which resulted in a potential loss of approximately $1.5 billion in gains.
Berkshire Hathaway, led by <a href="https://www.benzinga.com/news/23/03/31512478/warren-buffetts-success-mantra-the-amount-you-are-loved-is-the-ultimate-measure-of-success-in-life">Warren Buffett</a>, has been known for its savvy investments and strategic moves, such as the $3 billion investment in Dow Chemical during the 2008 financial crisis, which ultimately&nbsp;<a href="https://www.benzinga.com/news/23/09/34661392/how-warren-buffett-poured-3b-into-this-company-during-2008-financial-crisis-and-doubled-his-money">doubled the firm&#39;s&nbsp;money</a>.
The latest settlement, however,&nbsp;could potentially alter the landscape of real estate commissions, impacting real estate agents&#39; earnings and home sellers&#39; costs. It also underscores the legal challenges large corporations face in their business operations.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/09/34193584/warren-buffett-and-elon-musk-both-share-this-same-business-acumen-that-has-led-to-their-success">Warren Buffett And Elon Musk Both Share This Same Business Acumen That Has Led To Their Success</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: Shutterstock

Real Estate

BRK-A

COST

Warren Buffett's Real Estate Firm Coughs Up $250M To Avoid Bigger Payout Over Commissions

In a bizarre incident&nbsp;this month, a Utah couple inadvertently shipped their pet cat in <a href="https://www.benzinga.com/news/23/10/35254697/amazon-listed-a-strange-job-opening-leading-to-speculations-about-the-companys-real-intentions">an Amazon return package</a>.
The feline, named Galena, was discovered safe in California six days&nbsp;later, having survived without food or water, according to&nbsp;Utah&#39;s <a href="https://ksltv.com/639614/utahns-reunited-with-pet-cat-they-accidentally-shipped-with-amazon-return/">KSL-TV</a>.&nbsp;
Galena&#39;s owner, Carrie Clark, realized her pet was missing on April 10. She&nbsp;and her family reportedly spent nearly a week searching their home and local area, even posting missing posters throughout the town.
On April 17, Clark received a notification that Galena&#39;s microchip had been scanned, leading to a call from a California-based veterinarian.&nbsp;The vet revealed that Galena was discovered in an Amazon return package containing five pairs of steel-toed work boots.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/12/36167127/heres-how-much-amazons-ads-business-is-willing-to-pay-for-top-talent">Here&#39;s How Much Amazon&#39;s Ads Business Is Willing To Pay For Top Talent</a>
An Amazon employee had apparently&nbsp;found Galena in a warehouse after she had been without food or water for six days. The employee then promptly took her to a vet.
&quot;I ran to tell my husband that Galena was found, and we broke down upon realizing that she must have jumped into an oversized box that we shipped out the previous Wednesday,&quot; Clark told KSL-TV.
Clark and her husband then flew to California for an emotional reunion with their pet.
Clark said she hopes this story will encourage more pet owners to microchip their animals, as it greatly enhances the likelihood of lost pets being found and returned to their owners.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/04/31755746/amazons-pre-layoff-payroll-peek-a-boo-the-massive-salaries-of-engineers-data-scientists-managers-and" target="_blank">Amazon&#39;s Pre-Layoff Payroll Peek-a-Boo: The Massive Salaries Of Engineers, Data Scientists, Managers And Others</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: Shutterstock
&nbsp;

A Utah Couple Frantically Searched For Their Missing Cat — Only To Find Out They Had Accidentally Shipped Her In An Amazon Package

In a digital showdown echoing past corporate scandals, Facebook co-founder Dustin Moskovitz set off a firestorm on Thursday, leveling <a href="https://www.benzinga.com/news/24/04/38474626/tesla-is-now-enron-folks-facebook-co-founder-claims-musks-ev-giant-is-cooking-up-some-fsd-data">allegations of fraudulent practices </a>against Elon Musk&#8217;s Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Comparing Tesla&#8217;s actions to the notorious downfall of Enron, Moskovitz&#8217;s remarks have reignited concerns about corporate integrity and accountability.
What Happened: Moskovitz, now CEO of software company Asana, took to Threads to voice his apprehensions, stating, "I know I sound crazy to most people who don't follow $TSLA closely but at this point it really needs to be said. This is Enron now, folks." <a href="https://www.benzinga.com/news/24/04/38474588/elon-musk-claps-back-at-facebook-co-founders-consumer-fraud-accusations-against-tesla-should-go-to-j">Musk&#8217;s response</a>? A barrage of ridicule on X (formerly Twitter), with Musk quipping, "Yeah, Dustin is the one who should go to jail for impersonating a smart person."
Amid Moskovitz&#8217; comparison of Tesla to Enron, here&#8217;s what you should know about the commodities firm, which was repeatedly hailed as America's "most innovative" and became an enduring symbol of corporate fraud later.
See Also: <a href="https://www.benzinga.com/news/24/04/38475796/youll-be-amazed-elon-musk-urges-tesla-drivers-to-try-supervised-full-self-driving-software">&#8216;You&#8217;ll Be Amazed:&#8217; Elon Musk Urges Tesla Drivers To Try Supervised Full Self-Driving Software</a>
The Enron Saga
The <a href="https://www.benzinga.com/general/education/21/12/24405944/this-day-in-market-history-enron-declares-bankruptcy">Enron scandal back in 2001</a> was like something out of a cautionary tale, showing just how bad corporate greed and deception can get. When the U.S. energy giant went belly-up, it didn&#8217;t just go down by itself — it took down Arthur Andersen LLP, a big auditing and accounting firm, with it. With the firm&#8217;s assets totaling over $60 billion, the collapse of Enron sparked huge debates and led to changes in the law to make sure accounting standards were stronger and more honest.
The Enron Era
Enron&#8217;s story began in 1985 when it was created by the merger of Houston Natural Gas Corporation and InterNorth, Inc. Led by Kenneth Lay and Jeffrey Skilling, Enron quickly became a major player in energy derivatives trading. Skilling&#8217;s bold trading tactics, combined with the chief financial officer Andrew Fastow&#8216;s financial savvy, helped Enron become a leader in the natural gas contracts market. Expanding into different commodities and launching Enron Online during the dot-com boom boosted the company&#8217;s value sky-high.
The Downfall Of Eron
Enron&#8217;s luck turned sour when the bull market started to fade and people started looking closer. Shareholders started pushing harder, so executives turned to shady accounting tricks like &#8220;mark-to-market accounting&#8221; and used special purpose entities (SPEs) to hide losses. Enron would value its future contracts at their estimated market value, booking anticipated profits immediately, even though those profits hadn&#8217;t been realized yet.
Despite warnings and internal voices speaking up, Enron couldn&#8217;t sustain its facade. In 2001, Securities and Exchange Commission (SEC) investigations revealed widespread fraud, sending stock prices crashing down. Efforts to save the company with buyouts failed, and Enron had to file for Chapter 11 bankruptcy protection, bringing a shameful end to its reign.
See Also: <a href="https://www.benzinga.com/news/24/04/38474900/tesla-to-cut-693-jobs-in-nevada-amid-global-workforce-reduction-government-notice">Tesla To Cut 693 Jobs In Nevada Amid Global Workforce Reduction: Government Notice</a>
Enron's stock price peaked at over $90 per share in mid-2000. When the market closed on Nov. 30, 2001, Enron's stock price was just 26 cents.
Aftermath: Accountability And Reforms
The fallout from the Enron scandal reverberated across the corporate landscape. Top executives, including Skilling and Lay, faced indictments and convictions for conspiracy and fraud. Arthur Andersen, complicit in the cover-up, met a similar fate, losing its license and reputation. Shareholders and employees bore the brunt of financial losses, sparking a wave of civil suits. In response, regulatory reforms such as the Sarbanes-Oxley Act were enacted to bolster transparency and governance in corporate firms.
Eron Saga Now A Blur Past 
While the Enron saga is now in the past, it has taught stakeholders many lessons: to remain vigilant and to demand transparency and accountability from corporate leaders.
For Moskovitz&#8217; criticism of Tesla, the company has yet to respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
The EV giant, led by Musk, saw its stock closing 1.11% lower at $168.28 per share on Friday, according to data from <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro.</a> The stock is down 32.26% year-to-date.
For<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38398667/tesla-bulls-praise-musks-q1-earnings-call-see-ev-giant-on-collision-course-with-ube"> the first quarter</a>, Tesla reported revenue of $21.3 billion, down from the $23.33 billion reported a year earlier. This is the first time the&nbsp;company's quarterly revenue has fallen&nbsp;since the pandemic in 2020.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38373389/tesla-ceo-elon-musk-takes-swipe-at-waymo-says-cybertruck-might-be-needed-for-robotaxis-in-san-franci?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Takes Swipe At Waymo, Says Cybertruck Might Be Needed For Robotaxis In San Francisco</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.
Image Via Shutterstock

Tech

TSLA

Facebook Co-Founder Brings Back Old Memories As He Alleges Elon Musk's Tesla Will Be The Next 'Enron' — Here's What You Should Know About The Company That Is Etched In History Books For Corporate Fraud

With former President Donald Trump&#8216;s criminal trial underway, only 13% believe he is receiving fair treatment. In comparison, 34% each feel he is being <a href="https://www.benzinga.com/news/24/04/38449644/trumps-request-for-new-trial-in-rape-defamation-trial-rejected-judge-says-ex-presidents-attacks-on-e" target="_blank" rel="noreferrer noopener">treated more harshly or more leniently than other defendants</a>. 
Only 44% express confidence in a fair verdict following jury selection, with 56% skeptical that a fair outcome would take place, a recent CNN poll conducted by SSRS <a href="https://edition.cnn.com/2024/04/25/politics/cnn-poll-trump-trial/index.html" target="_blank" rel="noreferrer noopener">revealed</a>. Furthermore, opinions on Trump&#8217;s behavior during the trial varied, with 42% finding it inappropriate, 25% appropriate, and a third undecided due to lack of information.
Interestingly, more Americans (45% compared to 39% last summer) believe the charges in the ongoing trial concerning Donald Trump&#8217;s alleged falsification of business records to conceal payments to Stormy Daniels are irrelevant to his presidential fitness, despite the accusations.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38427342/trumps-social-media-company-auditor-misspells-own-name-14-times-in-regulatory-filings-report" rel="noreferrer noopener">Trump&#8217;s Social Media Company Auditor Misspells Own Name 14 Times In Regulatory Filings: Report</a>
Roughly 75% of voters supporting Trump in the 2024 election against President Joe Biden assert they&#8217;ll remain loyal even if he&#8217;s convicted of a crime, with 24% indicating that a conviction could potentially prompt them to reassess their support for him.
Trump is confronting charges in four separate cases, and the survey question asked about being convicted of a crime without detailing the charge, according to CNN. About 12% of all registered voters surveyed are open to reconsidering their stance, potentially crucial in a close race if he&#8217;s convicted in any of the four trials before Election Day.
The potential political ramifications of a conviction are uncertain, but an analysis of the characteristics of Trump supporters open to reconsideration provides some insights. 
They skew younger (64% under 50 compared to 37% who wouldn&#8217;t reconsider), are more racially diverse (49% people of color vs. 17%), and were more likely to have voted for Biden in 2020 (20% vs. 6%). They also more likely to acknowledge Biden&#8217;s legitimate victory in 2020 (63% vs. 22%), tend to be independents (49% vs. 31%), and are ideologically moderate (50% vs. 38%).
Views regarding the significance of the cases to Trump&#8217;s fitness for office&nbsp;seem to be&nbsp;evolving.&nbsp;
While more people view the hush money charges as irrelevant to his suitability for the presidency, there&#8217;s also a slight increase in those deeming charges related to election interference and classified documents as irrelevant to his presidential fitness if proven true (37% now, up from 33% last summer).
Regarding the ongoing trial, the majority of Americans believe Trump has acted unethically. Still, fewer believe his actions were criminal: Approximately one-third (33%) view Trump&#8217;s actions related to his business records and hush money payments as illegal. In comparison, another third (33%) consider them unethical but not illegal. Only 12% believe he did nothing wrong in the case, with about 21% expressing uncertainty.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38449644/trumps-request-for-new-trial-in-rape-defamation-trial-rejected-judge-says-ex-presidents-attacks-on-e" target="_blank" rel="noreferrer noopener">Trump&#8217;s Request For New Trial In Rape Defamation Trial Rejected, Judge Says Ex-President&#8217;s Attacks On E. Jean Carroll &#8216;Malicious And Unceasing&#8217;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Voters Reveal Whether They Feel Donald Trump Is Receiving Fair Treatment In Court In Latest Poll — What That Means For Former President's Election Chances

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led a recovery in electric vehicle stocks in the week that ended on April 26, as <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38398667/tesla-bulls-praise-musks-q1-earnings-call-see-ev-giant-on-collision-course-with-ube">the company delivered what its investors wanted to hear</a> in its earnings release and on its earnings call. Firmer broader market sentiment also helped to some extent.
Here are the key events that happened in the EV space during the week:
Tesla Affirms Product Plans And More: After a string of price cuts across its markets, Tesla chose to make peace with investors by reaffirming that it would roll out a low-end model. Analysts have emphasized the importance of an affordable EV in boosting Tesla&#8217;s sales from their current slump. The company announced an accelerated start of production for the new model, moving it up from the previously stated &#8220;second-half of 2025.&#8221; It will incorporate elements of both the next-generation platform and its current platforms, and will be manufactured using existing production lines.
Skeptics, however, suggested that the company&#8217;s announcement implied the absence of a sub-$30K car in the pipeline, instead indicating a plan to reduce features in its current lineup.
Tesla reported a double-miss, underperforming relative to both first-quarter earnings and revenue expectations, with its free-cash-flow sinking into negative territory. This prompted even bullish analysts to take down their estimates for the company.
Tesla confirmed on its earnings call that the Tesla Semi, which is now being sold exclusively to PepsiCo., will be manufactured from a new factory in Reno and first deliveries to external customers will begin in early 2026.
Tesla bull Ron Baron said in a CNBC interview this week that, while the stock could have bottomed now, &#8220;it&#8217;s going to go up huge.&#8221;
Another key Tesla executive confirmed this week that he would leaving. Tesla&#8217;s Investor Relations Head Martin Viecha said at the end of the earnings call that he communicated the decision to CEO Elon Musk and CFO Vaibhav Taneja a month ago. 
&#8220;I'll be hanging around for another couple of months or so. So, feel free to reach out at any time. But after the seven-year sprint, I'm going to be taking a break and spending some good quality time with my family,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best Electric Vehicle Stocks</a>
Fisker In Talks For Potential Sale: Beleaguered EV maker Fisker, Inc.&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSRN#OTC">FSRN</a>) CEO Henrik Fisker told employees in an all-hands meeting that the company was in talks with four automakers for a potential sale, Business Insider <a href="https://www.businessinsider.in/thelife/news/fisker-tells-employees-that-4-automakers-are-in-talks-to-buy-the-struggling-startup/articleshow/109602666.cms">reported</a>.
&#8220;We still have some time to get other offers on Fisker. We do have four car companies that have signed NDAs. However, they obviously need time to get to some diligence,&#8221; he reportedly said. 
The report comes close on the heels of the company filing its 10-K report in which it said it &#8220;believes that its available liquidity will not be sufficient to meet its current obligations for a period of at least twelve months from the date of the filing of this Annual Report on Form 10-K. Accordingly, the Company has concluded there is substantial doubt about its ability to continue as a going concern.&#8221;
BYD&#8217;s Pickup Named &#8220;Shark&#8221;: Chinese EV startup and Warren Buffett-backed BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) announced on its Weibo account that its first energy pickup truck will officially be called the BYD Shark and will be built on the DMO super hybrid off-road platform, <a href="https://cnevpost.com/2024/04/22/byd-names-pickup-shark/">reported</a> CnEVPost.
The vehicle will be sold globally, the company said. The report also stated that the pickup will be positioned as a mid-size model, surpassing the Toyota Hilux in size.
VinFast Founder&#8217;s Financing Commitment: Vietnamese EV maker VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>), which entered the U.S. market in 2022, may receive support from its founder as it contends with fierce competition and a slowing industry. Bloomberg reported that Vietnamese billionaire Pham Nhat Vuong <a href="https://www.benzinga.com/markets/equities/24/04/38422694/emerging-tesla-challenger-to-receive-another-1b-from-vietnamese-billionaire-i-will-not-give-up-o">pledged to invest at least another $1 billion of his personal wealth into VinFast</a> at the company&#8217;s shareholders meeting.
Rivian Doing A Tesla? After Tesla announced flat $2,000 price reductions for its Model S,X and Y EVs as part of its Earth Day celebration, Rivian said it would offer <a href="https://www.benzinga.com/markets/equities/24/04/38380242/rivians-earth-day-offer-trade-in-your-gas-powered-car-and-get-up-to-5k-off-on-r1-ev">a discount of up to $5,000 on qualifying new R1 models </a>when customers trade in select gas-powered vehicles. Additionally, buyers would become eligible for a year of charging on the Rivian Adventure Network at no additional cost.
The discount, ranging from $1,000 to $5,000, is available to customers in the U.S. and Canada for deliveries taken between April 22 and June 30.
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 2.30% at $21.32, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a> For the week, the ETF gained 1.33%.
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/analyst-ratings/analyst-color/24/04/38453144/teslas-robotaxi-plan-hasnt-excited-investors-but-fund-manager-gary-black-says-this-">Tesla&#8217;s Robotaxi Plan Hasn&#8217;t Excited Investors, But Fund Manager Gary Black Says This Is What Matters More: &#8216;No Other Way To Interpret This&#8230;&#8217;</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>+14.44%</td>
</tr>
<tr>
<td>Nio, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)</td>
<td>+18.16%</td>
</tr>
<tr>
<td>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)</td>
<td>+13.13%</td>
</tr>
<tr>
<td>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>-5.08%</td>
</tr>
<tr>
<td>Fisker</td>
<td>+23.04%</td>
</tr>
<tr>
<td>Workhorse Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</td>
<td>-2.67%</td>
</tr>
<tr>
<td>Hyzon Motors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>)</td>
<td>-3.52%</td>
</tr>
<tr>
<td>Canoo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>)</td>
<td>-2.81%</td>
</tr>
<tr>
<td>Rivian </td>
<td>+4.75%</td>
</tr>
<tr>
<td>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</td>
<td>+0.41%</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>-19.93%</td>
</tr>
<tr>
<td>Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>)</td>
<td>-0.08%</td>
</tr>
<tr>
<td>VinFast </td>
<td>+3.18%</td>
</tr>
</tbody>
</table>
</figure>
Photo: Shutterstock

Media

BYDDF

BYDDY

FFIE

FSRN

GOEV

HYZN

KARS

LCID

NKLA

WKHS

XPEV

Tesla Calms Investors After Dismal Q1, Fisker Buyout Buzz, BYD Enters Pickup Game And More: Biggest EV Stories Of The Week

The criminal trial of former President Donald Trump, which&nbsp;focuses&nbsp;on the hush money payments&nbsp;made during his 2016 presidential campaign,&nbsp;has brought to light his alleged efforts to conceal potentially <a href="https://www.benzinga.com/news/24/04/38346954/trump-in-hot-seat-in-hush-money-case-prosecutors-seek-deep-dive-into-ex-presidents-alleged-misconduc">damaging information about his personal life.</a>
What Happened: According to a report <a href="https://www.washingtonpost.com/politics/2024/04/26/trump-trial-david-pecker-testimony-hush-money/">by </a>the Washington Post,&nbsp;the trial shed light on&nbsp;Trump&#39;s dependence on David Pecker, a well-connected tabloid editor and former executive of the National Enquirer who&nbsp;testified over four days about how Trump&#39;s team utilized the tabloid to boost his campaign and suppress scandalous stories.
Prosecutors attempted to prove that Trump was fully cognizant of these actions and those made by his&nbsp;former attorney, Michael Cohen.&nbsp;
The trial&#39;s primary focus is a $130,000 hush money payment made to adult film actress Stormy Daniels that was allegedly made to keep her quiet about a past sexual encounter with Trump. According to prosecutors, the payment was&nbsp;classified as a legal fee instead of a campaign expense to avoid public disclosure.
The former president, currently facing 34 counts of falsifying business records, has pleaded not guilty.&nbsp;His&nbsp;team has contended&nbsp;that, if any crime was committed, it was Cohen and not him.&nbsp;
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/02/37193915/judge-calls-out-ivanka-trump-in-new-york-civil-fraud-case-says-her-memory-recall-was-suspect" target="_blank">Judge Calls Out Ivanka Trump In New York Civil Fraud Case, Says Her Memory Recall Was &#39;Suspect&#39;</a>
Why It Matters: This trial follows a series of legal challenges for Trump. In March, the former president&#39;s legal team appealed directly to federal authorities, seeking access to Cohen&#39;s personal emails and text messages to discredit him in the ongoing trial.
The following month, Manhattan prosecutors expressed their intent to delve into two instances of alleged deceit involving Trump and his team.
Legal experts previously&nbsp;suggested that the presence of Trump&#39;s wife, Melania Trump, and daughter, Ivanka Trump, in the courtroom could positively influence the jury&#39;s perception of him.&nbsp;
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38348768/courtroom-appearances-by-these-two-members-of-donald-trumps-family-could-help-him-in-hush-money-tria">Courtroom Appearances By These Two Members Of Donald Trump&#39;s Family Could Help Him In Hush-Money Trial, Say Experts</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" rel="noopener noreferrer" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

In Week 1 Of Donald Trump's Hush Money Trial, A Former Tabloid Exec Revealed How Ex-President Tried To Suppress Damaging Stories

<a href="https://www.benzinga.com/news/23/11/35557096/billionaire-investor-ron-baron-says-elon-musks-spacex-can-be-even-bigger-than-tesla-by-next-decade">SpaceX</a> CEO Elon Musk on Friday questioned the European Space Agency&#8217;s reusability attempts with its Ariane 6 launch vehicle. 
What Happened: &#8220;Reusability plans?&#8221; Musk wrote in response to the picture of the second booster of Ariane 6 shared by the agency on X. 
<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">Reusability plans?
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1783892306590081283?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The booster in the picture will help power the rocket&#8217;s first flight to space in summer, ESA said. 
Ariane 6 was initially expected to fly in 2020 but faced several delays. With Ariane 6&#8217;s predecessor Ariane 5 having its last flight in July and the Vega-C rocket being taken out of service in December 2022 following a failure, the European Space Agency is now left with no autonomous access to space. 
The Ariane 6, therefore, is a major focus point for the European space industry. The launch vehicle is manufactured by ArianeGroup, a joint venture between Airbus and Safran. 
Reusability In The Space Industry: Ariane 6 is not reusable but expendable, meaning it can only be launched once. Musk&#8217;s SpaceX, meanwhile, is attempting to make its rockets reusable to bring down the cost of spaceflight.
In July 2023, Musk warned that rocket manufacturers will <a href="https://www.benzinga.com/news/23/07/33383081/elon-musk-tells-rocket-makers-go-all-in-on-reusability-or-be-utterly-uncompetitive">need to go all-in on reusability</a> or risk being uncompetitive. 
&#8220;Rockets are no different from other transport technologies, just harder to make reusable. No one would buy a single-use airplane, car or even bicycle! You&#8217;d need to tow another car just for the return trip,&#8221; Musk then said. 
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: <a href="https://www.benzinga.com/news/24/04/38475303/elon-musk-says-spacex-to-solve-in-space-refueling-for-starship-by-next-year-necessary-to-make-life-m">Elon Musk Says SpaceX To Solve In-Space Refueling For Starship By Next Year: &#8216;Necessary To Make Life Multiplanetary&#8217;</a>
Image Via Shutterstock

SPACE

Elon Musk CEO Questions European Space Agency's Lack Of Reusability For Its Ariane 6 Launch Vehicle

As the weekend approaches, it&#8217;s the perfect time to dive into some fresh and exciting content streaming on Hulu and Disney+.
Whether you&#8217;re in the mood for heartwarming family dramas, thrilling adventures, or mind-bending mysteries, these platforms have got something new for everyone.
Here&#8217;s a roundup of the top five new releases to add to your watchlist this weekend.
<h3 class="wp-block-heading">Vanderpump Villa</h3>
<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/2024/04/26102345/Vanderpump-Villa-1024x576.jpg" alt="" class="wp-image-310980" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102345/Vanderpump-Villa.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Vanderpump Villa &#x7C; Image credit: Hulu</figcaption></figure>
If you enjoyed shows like Below Deck or Vanderpump Rules, then Hulu&#8217;s new series, Vanderpump Villa, is for you. This show takes viewers inside the opulent Chateau Rosabelle, Lisa Vanderpump&#8217;s French estate, and follows the lives of her hand-picked staff.
Get ready for high stakes as they cater to the extravagant desires of their wealthy guests.
Where To Watch: Hulu
<h3 class="wp-block-heading">Renegade Nell</h3>
<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/2024/04/26102817/Renegade-Nell-1024x576.jpg" alt="" class="wp-image-310993" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102817/Renegade-Nell.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Renegade Nell &#x7C; Image credit: Disney+</figcaption></figure>
Wrongly accused of murder, Nell Jackson (played by Louisa Harland from Derry Girls) is forced to become a daring highwaywoman! But Nell&#8217;s not alone. A mischievous sprite (voiced by Nick Mohammed from Ted Lasso) grants her incredible powers to face down the most dangerous enemies in this thrilling adventure, Renegade Nell.
Where To Watch: Disney+
<h3 class="wp-block-heading">Anatomy Of A Fall</h3>
<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/2024/04/26102840/Anatomy-Of-A-Fall-Neon-1024x576.jpg" alt="" class="wp-image-310994" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102840/Anatomy-Of-A-Fall-Neon-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102840/Anatomy-Of-A-Fall-Neon-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102840/Anatomy-Of-A-Fall-Neon-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102840/Anatomy-Of-A-Fall-Neon.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Anatomy Of A Fall &#x7C; Image credit: Neon</figcaption></figure>
Oscar-nominated Anatomy of a Fall (dir. Justine Triet) chills with a murder. Expat Sandra (Sandra Hüller) lives quietly in the French Alps with her husband (Samuel Theis) until his mysterious death makes her a suspect. The film explores their troubled marriage, leaving you to decide: murder or tragedy?
Where To Watch: Hulu
<h3 class="wp-block-heading">Poor Things</h3>
<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/2024/04/26102927/Poor-Things-Searchlight-Pictures-1024x576.jpeg" alt="" class="wp-image-310996" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures-1536x864.jpeg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102927/Poor-Things-Searchlight-Pictures.jpeg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Poor Things &#x7C; Image credit: Searchlight Pictures</figcaption></figure>
Poor Things is a dark twist on Frankenstein. Revived by Dr. Baxter (Willem Dafoe), Bella (Emma Stone) embraces a wild life with lawyer Wedderburn (Mark Ruffalo). She rejects societal constraints and fights for equality in this darkly comedic adventure.
Where To Watch: Hulu
<h3 class="wp-block-heading">Indiana Jones And The Dial Of Destiny</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny-1024x512.jpg" alt="" class="wp-image-310997" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny-1024x512.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny-300x150.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny-768x384.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26102952/Indiana-Jones-And-The-Dial-Of-Destiny.jpg 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Indiana Jones And The Dial Of Destiny &#x7C; Image credit: Lucasfilm</figcaption></figure>
Indy&#8217;s Last Ride? Harrison Ford returns as Indiana Jones in Dial of Destiny.  Facing retirement, Indy battles an old foe for a powerful artifact. Teaming up with Helena Shaw (Phoebe Waller-Bridge), he hunts for glory in a world that&#8217;s moved on.
Where To Watch: Disney+
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

Thinking What To Watch This Weekend? Here Are Our Fresh Picks Streaming On Hulu And Disney+

In a surprising turn of events,&nbsp;Joe Biden&nbsp;has expressed his <a href="https://www.benzinga.com/general/politics/24/03/37550422/trump-ready-to-debate-biden-anytime-anywhere-anyplace-how-media-companies-shareholders-could-be-">willingness to engage in a debate</a> with&nbsp;Donald Trump&nbsp;ahead of the <a href="https://www.benzinga.com/topic/2024-election">2024 general election</a>, a stark contrast to his previous reservations.
What Happened: In an interview with radio host&nbsp;Howard Stern on Friday, President Biden stated his readiness to debate Trump. This marks a shift from his earlier stance, where he said his participation depends on Trump&#8217;s &#8220;behavior,&#8221; <a href="https://www.bloomberg.com/news/articles/2024-04-26/biden-says-he-would-debate-trump-after-having-expressed-doubts?srnd=politics-vp">reported</a> Bloomberg.
&#8220;I am, somewhere. I don't know when. I'm happy to debate him,&#8221; Biden said. 
Trump, the <a href="https://www.benzinga.com/news/24/03/37505302/nikki-haley-to-withdraw-from-2024-presidential-race-paves-way-for-trumps-gop-victory-report">presumptive GOP nominee</a>,&nbsp;had previously expressed his <a href="https://www.benzinga.com/general/politics/24/03/37550422/trump-ready-to-debate-biden-anytime-anywhere-anyplace-how-media-companies-shareholders-could-be-">willingness to debate Biden</a> under any circumstances. &#8220;I am calling for Debates, ANYTIME, ANYWHERE, ANYPLACE! The Debates can be run by the Corrupt DNC, or their subsidiary, the Commission on Presidential Debates (CPD),&#8221; he said last month. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38405064/anthony-scaramucci-says-nikki-haley-is-still-polling-nicely-in-pa-despite-ending-bid-against-trump-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Nikki Haley Is Still Polling &#8216;Nicely&#8217; In PA, Despite Ending Bid Against Trump: &#8216;And If You Are With Him: CRY&#8217;</a>
However, the Republican National Committee had announced that their nominee would not&nbsp;participate in debates hosted by&nbsp;the nonpartisan Commission on Presidential&nbsp;Debates, citing bias.
During the interview, Biden also criticized Trump&#8217;s support for the individuals&nbsp;who stormed the <a href="https://www.benzinga.com/news/24/04/38327539/trumps-bid-to-pause-jan-6-capitol-riot-case-denied-by-judge">U.S. Capitol&nbsp;on Jan. 6, 2021</a>, and his&nbsp;<a href="https://www.benzinga.com/government/23/03/31177649/if-trump-were-president-putin-would-have-invaded-poland-too-scaramucci">reported comments mocking</a> fallen U.S.&nbsp;soldiers. He expressed his readiness to confront Trump on these issues on a debate stage.
&#8220;Trump makes fun of me,&#8221; Biden said, describing Trump as the kind of individual &#8220;you wish you could have got in the neighborhood and meet head-to-head.&#8221;
Why It Matters: The 2024 presidential election is shaping up to be a highly competitive race, with both Biden and Trump emerging as frontrunners, as indicated by the&nbsp;<a href="https://www.benzinga.com/general/sports-betting/24/04/38417836/trump-and-biden-get-ready-2024-election-betting-odds-point-to-major-showdown">betting odds</a>. The election is expected to be a close contest, with swing states showing a tight race between the two candidates.
Meanwhile, Trump&#8217;s financial situation has been under scrutiny, with the former president facing a hefty fine for fraud charges. His ability to repay the fine has been questioned, with some speculating whether his <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38461151/donald-trumps-crypto-investments-could-help-pay-back-his-450m-in-damages">crypto investments</a> could help him settle the debt.
<a href="https://www.realclearpolitics.com/" target="_blank" rel="noreferrer noopener">According</a> to Real Clear Politics, at the national level, Trump held 44.8% support among voters, While Biden trailed with 44.5% support.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38395938/kim-jong-uns-sister-pledges-to-build-north-koreas-overwhelming-military-power-amid-rising-regional-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kim Jong Un&#8217;s Sister Pledges To Build North Korea&#8217;s &#8216;Overwhelming&#8217; Military Power Amid Rising Regional Tensions</a>
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.
Photos via Shutterstock.

Joe Biden Reverses Stance, Agrees To Debate Ex-President Ahead Of 2024 Rematch: 'Trump Makes Fun Of Me'

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Friday urged his X followers and fellow Tesla drivers to drive the supervised version of the company&#8217;s Full Self-driving software. 
What Happened: &#8220;Try out Tesla supervised full self-driving and you&#8217;ll be amazed!,&#8221; Musk wrote on X, formerly Twitter. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Try out Tesla supervised full self-driving and you'll be amazed! <a href="https://t.co/ZQ3mYV27DN">https://t.co/ZQ3mYV27DN</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1783971365349171640?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
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Full Self-driving or FSD refers to Tesla&#8217;s driver assistance software which the company says will enable autonomous driving in due time. It currently requires active driver supervision but is expected to &#8220;be&nbsp;<a href="https://www.benzinga.com/news/24/03/37812316/tesla-fsd-should-be-really-shining-bright-by-late-april-or-early-may-says-ceo-elon-musk" target="_blank" rel="noreferrer noopener">really shining bright</a>&#8221; by late April or May, Musk stated in March.
During Tesla&#8217;s first-quarter earnings call earlier this week, the CEO <a href="https://www.benzinga.com/news/24/04/38397845/tesla-will-solve-autonomy-even-if-i-got-kidnapped-by-aliens-tomorrow-says-elon-musk-as-he-reveals-ta">reiterated his optimism </a>and said, "Even if I got kidnapped by aliens tomorrow, Tesla&nbsp;will&nbsp;solve autonomy, maybe a little slower, but it would solve autonomy for vehicles at least." 
"If somebody doesn't believe Tesla is going to solve autonomy, I think they should not be an investor in the company," he added.
Earlier this month, Tesla announced that its cars have driven one billion miles with FSD software, a significant increase from the end of 2023 when FSD-driven miles were below 800 million.
"Won&#8217;t be long before Tesla exceeds 10B miles of FSD," Musk&nbsp;<a href="https://www.benzinga.com/news/24/04/38120491/elon-musk-reacts-as-tesla-celebrates-1b-miles-driven-with-fsd-software-wont-be-long-before-10b-miles" target="_blank" rel="noreferrer noopener">had then remarked</a>.
Why It Matters: Tesla is currently actively trying to increase the take rate for its software. In late March, Tesla started rolling out a 30-day free trial of its FSD to all customers in the U.S. who did not purchase it. Musk also reportedly instructed staff to provide new vehicle buyers with a short ride&nbsp;<a href="https://www.benzinga.com/news/24/04/38019042/teslas-chief-designer-gives-demo-drives-of-full-self-driving-features-to-customers-after-elon-musks" target="_blank" rel="noreferrer noopener">demonstrating the capabilities&nbsp;</a>of Tesla's driver-assist features in real-time.
Furthermore, Tesla cut the price of its full self-driving (FSD) driver assistance software to $8,000 from $12,000,<a href="https://www.benzinga.com/news/24/04/38351810/tesla-fsd-is-now-nearly-50-cheaper-than-when-elon-musk-called-it-very-low-just-under-a-year-ago"> marking a price cut of about 33%</a>, over the last weekend. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <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/news/24/04/38373389/tesla-ceo-elon-musk-takes-swipe-at-waymo-says-cybertruck-might-be-needed-for-robotaxis-in-san-franci?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Takes Swipe At Waymo, Says Cybertruck Might Be Needed For Robotaxis In San Francisco</a>
Photo via Shutterstock

'You'll Be Amazed:' Elon Musk Urges Tesla Drivers To Try Supervised Full Self-Driving Software

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is currently in a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38471459/bitcoin-ethereum-dogecoin-on-shaky-ground-crypto-veteran-sees-bitcoin-still-stuck-in-range">precarious position</a>, with a potential downside looming, according to a prominent crypto analyst.
What Happened: The analyst, known by the pseudonym RektCapital, has cautioned that Bitcoin may be heading for another downturn within the next two weeks.
Rekt Capital, who has a following of over 74,000 subscribers on YouTube, has compared the current Bitcoin correction to its 2016 halving price action. He pointed out that in 2016, Bitcoin experienced two corrective waves, one before the halving and another after it.
"If we think about the pre-halving danger zone [now], we need to also potentially factor in or at least consider a potential danger zone after the halving – so, a second danger zone."
The analyst believes that Bitcoin could potentially witness another pullback in the coming weeks, based on this historical precedent.
Rekt Capital suggested that Bitcoin could remain within the post-halving danger zone until next month, based on historical price action.
He also highlighted the significance of Bitcoin&#8217;s current support zone, around the $60,000 price, and its potential to endure over the next couple of weeks.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38460505/are-dogecoin-and-shiba-inu-primed-for-the-next-leg-up?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Are Dogecoin And Shiba Inu Primed For The Next Leg Up?</a>
Why It Matters: The warning from Rekt Capital comes at a time when the cryptocurrency market is experiencing a period of uncertainty.
Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) were trading in the red on Friday, with <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38471459/bitcoin-ethereum-dogecoin-on-shaky-ground-crypto-veteran-sees-bitcoin-still-stuck-in-range">global concerns</a> adding to the market&#8217;s instability.
However, some analysts see this period of consolidation as the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38463604/bitcoins-consolidation-is-the-calm-before-the-storm-veteran-trader-lark-davis-writes">&#8220;calm before the storm.&#8221;</a> Veteran cryptocurrency influencer Lark Davis, for instance, believes that despite the consolidation, there are several bullish factors for Bitcoin&#8217;s price.
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Price Action: At the time of writing, Bitcoin is trading at $62,963, marking a decrease of 2.2% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38402854/dogecoin-killer-shiba-inu-burn-rate-skyrockets-2-212-as-robinhood-wallet-moves-3-trillion-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">‘Dogecoin Killer' Shiba Inu Burn Rate Skyrockets 2,212%, As Robinhood Wallet Moves 3 Trillion SHIB In A Single Transaction</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Analyst Color

Analyst Ratings

$DOGE

$ETH

Bitcoin Faces 'Second Danger Zone' As Analyst Warns Of Potential Downside: Here's What To Expect

Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) CEO Doug McMillon was paid 976 times a median associate in the <a href="https://www.benzinga.com/news/24/04/38313218/amazon-aims-to-outdo-walmarts-retail-game-boosts-cashierless-tech-in-stores">world&#8217;s largest retail company</a> over the last fiscal year.
What Happened: McMillon was paid $26.97 million last fiscal year as compared to the annual total compensation of a median associate which was $27,642, the company said in a filing on Thursday.
As of December 31, 2023, Walmart employed about 2.15 associates worldwide, with over 2 million employed just in the U.S. The company has over 5000 stores in the U.S. and accumulated consolidated revenue of $648.1 billion and consolidated operating income of $27 billion over the past fiscal year. 
McMillon had a base salary of over $1.5 million, received stock awards of $19.61 million and other compensation of about $5.85 million, taking his cumulative salary for the fiscal year ended Jan. 31 to $26.97 million or 6.6% higher than the fiscal year before. 
Why It Matters: The pay disparity between CEOs and their employees has been a contentious issue for some time. The significant difference in McMillon&#8217;s compensation compared to the median Walmart employee&#8217;s earnings highlights this ongoing debate. This disparity is even more pronounced when compared to other retail giants like Target and Costco, where the CEO-to-worker pay ratios are significantly lower.
Earlier, this month planemaker Boeing said that the company paid its outgoing CEO David Calhoun $32.8 million as <a href="https://www.benzinga.com/news/24/04/38130210/elon-musk-reacts-as-boeing-ceo-david-calhoun-receives-33m-compensation-in-2023-despite-airplane-make">total compensation in 2023.</a> While Calhoun's salary only accounts for $1.4 million of his total compensation, he received $30.2 million in stock awards and $1.2 million as all other compensation last year, Boeing said in a regulatory filing.
Price Action: <a href="https://www.benzinga.com/real-estate/24/04/38429785/this-walmart-landlord-has-generated-a-14-net-irr-for-its-investors-since-2015-here-are-its-latest-in">Walmart</a> stock fell 0.08% to $60.16 per share on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. As of the stock&#8217;s previous close, the company has a market cap of $485.28 billion, significantly higher than Target Corp&#8216;s $75.92 billion or Costco Wholesale Corporation&#8216;s $320.15 billion.
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: <a href="https://www.benzinga.com/news/24/04/38474900/tesla-to-cut-693-jobs-in-nevada-amid-global-workforce-reduction-government-notice">Tesla To Cut 693 Jobs In Nevada Amid Global Workforce Reduction: Government Notice</a>
Image from Shutterstock

Retail Sales

Walmart CEO Doug McMillon Earns 976 Times More Than Median Employee Last Fiscal Year

Bill Gates, the co-founder of Microsoft Corporation and his ex-wife Melinda French&nbsp;Gates celebrated their daughter Jennifer Gates&#8216; 28th birthday with heartfelt messages on social media.
What Happened: On Friday, the former Microsoft CEO, 68, took to Instagram to wish his daughter a happy birthday. He praised her for her accomplishments, including becoming a mother, pursuing medical school, and maintaining her passion for show-jumping.
&#8220;Happy birthday, @jenngatesnassar! From becoming an incredible mother to tackling medical school and maintaining your passion for show jumping—I&#8217;m in awe of how you dive headfirst into everything you set your mind to,&#8221; Gates wrote in the caption of a photo of the father-daughter duo scuba diving.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/27030808/Screenshot-2024-04-27-at-12.37.52%E2%80%AFPM-1024x574.png" alt="" class="wp-image-311842" /></figure>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38431687/jim-simons-a-math-professor-became-one-of-the-most-successful-investors-of-all-time-now-he-shares-hi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Simons, A Math Professor, Became One Of The Most Successful Investors Of All Time — Now He Shares His Formula For Making Billions</a>
Melinda, 59, also shared a photo&nbsp;of her and her oldest&nbsp;child&nbsp;when Jennifer was just a&nbsp;baby. &#8220;Happy&nbsp;28th birthday to the one&nbsp;who made me a mom [smiling face with heart emoji]. I love you, Jenn!&#8221;&nbsp;she captioned the sweet photo&nbsp;of the pair smiling.
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Phoebe Gates,&nbsp;the youngest of the Gates&nbsp;children,&nbsp;also joined in by wishing&nbsp;her oldest sibling a very&nbsp;special day. &#8220;Happy birthday to my [globe showing America emoji],&#8221; she&nbsp;wrote as her Instagram caption.
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Why It Matters: Jennifer, the oldest daughter of Bill and Melinda, has been making headlines for her achievements. Earlier this year, <a href="https://www.benzinga.com/general/entertainment/24/02/37191952/bill-gates-daughter-grateful-her-parents-let-kids-carve-their-own-path-thats-how-i-came-int">she shared insights into her life</a>, expressing gratitude toward her parents. 
&#8220;I think they really focused on us carving our own path in the world and not feeling like we either had to follow in their footsteps or that that was even really an option for us,&#8221; she said at the time. 
Bill and Melinda are also grandparents, with Jennifer giving birth to her first child with equestrian Nayel Nassar in March 2023. The couple&nbsp;<a href="https://www.benzinga.com/general/entertainment/23/04/31718374/bill-gates-shares-first-photo-with-newborn-granddaughter-i-cant-wait-to-watch-you-discover-">shared pictures</a>&nbsp;with their granddaughter on Instagram, expressing their excitement for the new addition to the family.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38402854/dogecoin-killer-shiba-inu-burn-rate-skyrockets-2-212-as-robinhood-wallet-moves-3-trillion-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">‘Mark Zuckerberg Gives Shoutout To Taylor Swift&#8217;s Debut On Threads, Says &#8216;That One Was A Big Deal In My House&#8217;</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo by Frederic Legrand &#8211; COMEO on Shutterstock

Bill Gates Shares Heartwarming Scuba Diving Photo With Daughter On Her 28th Birthday: 'I'm In Awe Of How You Dive Headfirst Into Everything.'

Former President Donald Trump's Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) stock has had a <a href="https://www.benzinga.com/markets/equities/24/04/38337541/trump-media-technology-group-alleges-naked-short-selling-seeks-nasdaqs-intervention">turbulent first month</a> on the markets, described as &#8220;abnormally volatile&#8221; by a financial expert.
What Happened: The stock of Trump Media, the company behind the social media platform Truth Social of former President Trump, has been highly unstable since its debut on the Nasdaq on March 26.
The stock, under the ticker DJT, experienced significant fluctuations in its first month, with its price reaching as high as $79.38 on the first trading day.
However, the stock took a nosedive a week later following the revelation of <a href="https://www.benzinga.com/markets/equities/24/04/38162576/heres-how-much-trump-lost-after-his-newly-listed-djt-stock-erased-all-gains-since-public-debut">substantial operational losses</a> in 2023, the planned resale of most of its outstanding securities, and the announcement of its live TV streaming platform.
"It's been abnormally volatile — as volatile as any stock I can ever recall being," said Morningstar's vice president of research, John Rekenthaler, <a href="https://qz.com/trump-media-stock-djt-nasdaq-volatile-morningstar-1851435908">reported</a> Quartz.
This rollercoaster ride can be attributed to the significant influence of retail investors, who often trade based on sentiment rather than business performance.
See Also: <a href="https://www.benzinga.com/news/24/04/38474838/us-china-set-to-hold-first-high-level-talks-on-ai-says-blinken">US, China Set To Hold First High-Level Talks On AI, Blinken Confirms: TikTok &#8216;Did Not Come Up&#8217; In Discussion</a>
Trump Media CEO Devin Nunes has alleged that the company&#8217;s stock is being illegally traded through a practice known as &#8220;naked&#8221; short-selling. Despite the company&#8217;s plans to launch a live TV streaming platform linked to Truth Social, the stock continued to plummet.
Why It Matters: Short-sellers have <a href="https://www.benzinga.com/markets/equities/24/04/38410320/stock-manipulation-in-trump-media-technology-group-stock-ceo-devin-nunes-urges-house-gop-leaders">reportedly made</a> millions of dollars from the newly public stock, with Nunes urging House GOP leaders to investigate potential stock manipulation and anomalous trading.
The accounting firm contracted by Trump Media was <a href="https://www.benzinga.com/markets/equities/24/04/38427342/trumps-social-media-company-auditor-misspells-own-name-14-times-in-regulatory-filings-report">found to have used 14 different versions</a> of the auditor&#8217;s name in regulatory filings, raising concerns about the company&#8217;s financial oversight.
Price Action: Trump Media stock rose 7.92% to close at $41.54 on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/short-sellers/24/04/38468155/trumps-stock-loss-means-millions-for-short-sellers-a-lot-of-his-businesses-go-belly-up-quickly">Trump&#8217;s Stock Loss Means Millions For Short Sellers: &#8216;A Lot Of His Businesses Go Belly Up, Quickly&#8217;</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo via Shutterstock.