eFFECTOR Therapeutics (OTC:EFTR) Stock, Quote.Headers.trade-ideas

eFFECTOR Therapeutics

eFFECTOR Therapeutics Inc is a clinical-stage biopharmaceutical company focused on pioneering the development of a new class of oncology drugs referred to as selective translation regulator inhibitors (STRIs).

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Dow Jumps 300 Points; Alimera Sciences Shares Spike Higher

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EFFECTOR Therapeutics shares are trading lower by 74% during Monday&#39;s session. The company announced that it has terminated its employees and will wind down its operations.

Why eFFECTOR Therapeutics (EFTR) Shares Are Down Over 70%

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U.S. stocks turned lower toward the end of trading, with the Dow Jones index falling more than 200 points on Thursday.

The Dow traded down 0.59% to 38,894.58 while the NASDAQ fell 0.10% to 16,261.88. The S&amp;P 500 also fell, dropping, 0.28% to 5,197.03.

Dow Dips Over 200 Points; RPM International Shares Fall After Q3 Results

EFFECTOR THERAPUTCS INC by eFFECTOR Therapeutics, Inc.

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eFFECTOR Therapeutics Inc Warrants (26/08/2026)

Former President <a href="https://www.benzinga.com/personal-finance/24/09/40900871/donald-trump-says-inflation-is-the-highest-ever-but-experts-dispute-his-claims-heres-the-truth-a">Donald Trump</a>, never one to shy away from bold claims, stirred the pot again during a visit to Michigan. Speaking in the heart of America's auto industry, he repeated a debunked claim that Chinese automakers are building massive factories in Mexico.
But he didn't stop there. Trump promised to slap a 200% tariff on cars made in these nonexistent plants if they ended up in the U.S.
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&#8220;If I don&#8217;t win, you will have no auto industry within two to three years,&#8221; Trump warned a crowd in Flint. He suggested that a victory for Vice President Kamala Harris in November would end American car manufacturing. According to Trump, the shift to electric vehicles would move jobs directly to China, leaving the U.S. auto industry in the dust.
However, the facts paint a different picture. Under the current administration, auto jobs have increased. According to the Bureau of Labor Statistics, when Trump left office in January 2021, auto jobs had dipped 0.8%, landing just above 949,000, as cited by The Associated Press.&nbsp;
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
Since President <a href="https://www.benzinga.com/real-estate/24/07/39624809/the-last-time-biden-left-the-white-house-he-cashed-in-heres-how-2025-could-bring-another-boost-for-h">Joe Biden</a> took over, auto and parts jobs have jumped by 13.6%, reaching 1.07 million by August. Car sales even ticked up by 2.4% in the first half of this year. The idea that the U.S. auto industry is on its last legs seems a stretch at the very least.
Trump also threw around some familiar rhetoric, pledging to force automakers to build factories in the U.S. by imposing steep tariffs on foreign-made cars. &#8220;It'll be like taking candy from a baby," he said, confident his proposed tariffs would discourage companies from building plants abroad. His plan is simple: if you make cars overseas, you'll pay dearly to sell them in America.
Trending: The startup behind White Castle's favorite Robot Fry Cook announces a next-generation fast food robot –<a href="https://www.benzinga.com/money/miso-robotics-flippy"> Here's how to get a share for under $5 today.</a>
However, foreign automakers already operate multiple plants in the U.S., mostly in southern states, meaning many are already playing by the rules Trump wants to enforce. While Trump's threats of tariffs may sound tough, experts point out that they often lead to higher prices for American consumers rather than benefiting domestic workers.&nbsp;
Trump&#8217;s tariff proposal also extends to Chinese cars supposedly built in Mexico. &#8220;They&#8217;re owned and built by China in Mexico and a number of them going up right now,&#8221; he claimed.&nbsp;
Trending: These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a>
However, industry experts have repeatedly stated that this is untrue. The only Chinese auto factory in Mexico is run by JAC, a small company assembling low-cost vehicles from kits. It&#8217;s focused on the Mexican market, not the U.S.
In response to Trump's comments, Michigan Sen. Gary Peters, speaking on behalf of Kamala Harris' campaign, issued a sharp rebuttal. He argued that another Trump presidency would be disastrous for autoworkers.
&#8220;A second Trump term would crush auto jobs, ceding Michigan's global auto manufacturing leadership to the Chinese government," Peters warned. He added that <a href="https://www.benzinga.com/startups/24/08/40196337/kamala-harris-says-rebuilding-the-middle-class-is-a-top-priority-heres-the-investment-strategy-she-b">Harris </a>has a clear plan to bring high-paying manufacturing jobs back to the U.S., ensuring that Michigan workers remain at the forefront of the global auto industry.
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<li>General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50/share with a $1,000 minimum.</a></li>
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Startups

Trump Promises More Tariffs While Repeating His Controversial False Claim About Chinese Automakers Building Major Factories In Mexico

The past week has been a whirlwind for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a mix of highs and lows. From concerns over iPhone 16 demand to promising sales figures, regulatory attention from the EU, and expansion plans in Asia, the tech giant has been in the spotlight. Here&#8217;s a recap of the top stories.
iPhone 16 Demand Lower Than Expected
According to top analyst Ming-Chi Kuo, Apple&#8217;s iPhone 16 Pro and Pro Max models experienced lower-than-anticipated demand during the first weekend of pre-orders. Kuo&#8217;s analysis, based on a recent supply chain survey and pre-order data from Apple&#8217;s official websites, suggests a weaker demand for the Pro models.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40872864/apple-staring-at-lower-than-expected-demand-for-iphone-16-pro-and-pro-max-in-the-fi">Read the full article here.</a>
T-Mobile CEO Reports Strong iPhone 16 Sales
Despite earlier concerns, T-Mobile US Inc. CEO Mike Sievert shared promising sales figures for the iPhone 16. In an interview with CNBC&#8217;s Jim Cramer, Sievert revealed that the new model is outperforming last year's model in sales, with customers purchasing higher-end models.
<a href="https://www.benzinga.com/markets/equities/24/09/40932937/apple-iphone-16-selling-at-a-greater-rate-than-last-year-says-t-mobile-ceo-amid-reports-of-lower">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a>
EU Targets Apple&#8217;s iPhone And iPad Systems
The European Commission has initiated two specification proceedings to help Apple comply with its interoperability obligations under the Digital Markets Act. The move aims to ensure free interoperability to third-party developers and businesses to alleviate the regulator's antitrust concerns.
<a href="https://www.benzinga.com/government/24/09/40943746/after-lightning-port-eu-targets-apples-iphone-and-ipad-systems-demands-greater-access-for-third-part">Read the full article here.</a>
Analyst Unfazed By Early iPhone 16 Demand Trends
Despite initial concerns about demand, Morgan Stanley analyst Erik Woodring remains bullish on Apple. Woodring explains why the early trends should not be a cause for worry, noting that iPhone 16 lead times have doubled from last Friday and have been longer internationally than in the U.S.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40936686/apple-analyst-shrugs-off-lukewarm-early-iphone-16-demand-trends-heres-why-soft-preo">Read the full article here.</a>
Apple&#8217;s Expansion Beyond China&nbsp;JPMorgan analyst Samik Chatterjee reveals that Apple&#8217;s production in India is set to hit 20-25% of total iPhone units by 2027. This move is part of Apple&#8217;s &#8220;China+1&#8221; strategy, reflecting its effort to diversify production away from China amid rising geopolitical tensions.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40927849/apple-expands-beyond-china-to-india-southeast-asia-analyst-warns-of-margin-impact">Read the full article here.</a>
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/09/40812318/samsung-to-reportedly-slash-global-workforce-by-up-to-30-in-certain-divisions-amid-intense-competiti?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Samsung To Reportedly Slash Global Workforce By Up To 30% In Certain Divisions Amid Intense Competition From Apple, Huawei</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Image via Shutterstock

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AAPL

iPhone 16 Demand, EU Regulations, And Expansion Plans: This Week In Appleverse

The past week has been a whirlwind of news in the tech world, with artificial intelligence (AI) taking the spotlight. From predictions about AI-powered surveillance to personal digital agents, the future of AI seems to be on everyone&#8217;s mind. Here&#8217;s a quick recap of the top stories that made headlines over the weekend.
Oracle&#8217;s Larry Ellison Foresees AI-Powered Surveillance
Larry Ellison co-founder and CTO of&nbsp;Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) made a bold prediction about the future of law enforcement. He believes that AI will power extensive surveillance systems, leading to constant supervision of police officers and citizens. Ellison stated, "Every police officer is going to be supervised at all times, and if there's a problem, AI will report that problem and report it to the appropriate person."
<a href="https://www.benzinga.com/news/24/09/40892284/oracles-larry-ellison-predicts-police-officers-will-be-supervised-at-all-times-and-citizens-will-be">Read the full article here.</a>
Elon Musk And Nvidia CEO Share Vision Of AI-Powered Personal Assistants
Elon Musk, CEO of Tesla and SpaceX, agreed with Nvidia Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang&#8217;s vision of a future where individuals will have personal digital agents akin to Star Wars' R2-D2 or C-3PO. Huang shared his vision during T-Mobile&#8217;s Capital Markets Day 2024, expressing excitement about the idea of a computer that grows smarter over time.
<a href="https://www.benzinga.com/news/24/09/40931686/elon-musk-agrees-with-nvidia-ceo-jensen-huangs-vision-of-a-future-where-well-have-our-own-ai-powered">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a>
LinkedIn Under Scrutiny for Alleged Misuse of User Data
Microsoft Corporation's LinkedIn has come under fire for reportedly using user data for AI training before updating its terms of service. This primarily affected users in the U.S., with those in the EU, European Economic Area, or Switzerland likely exempt due to stringent data privacy rules.
<a href="https://www.benzinga.com/news/24/09/40931968/microsofts-linkedin-in-hot-water-for-allegedly-using-data-of-users-for-training-ai-before-updating-t">Read the full article here.</a>
World Wide Technology CEO Warns Against Misleading Employees About AI
Jim Kavanaugh, CEO of World Wide Technology, warned leaders not to deceive employees about the impact of AI on jobs. He emphasized that employees are "too smart" to believe that AI won't change job dynamics and stressed the importance of transparency.
<a href="https://www.benzinga.com/news/24/09/40932928/billionaire-tech-ceo-says-not-to-bs-employees-they-are-too-smart-to-believe-ai-will-not-impact-their">Read the full article here.</a>
Salesforce CEO Criticizes Microsoft&#8217;s Copilot
Marc Benioff, CEO of Salesforce, criticized&nbsp;Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;Copilot by comparing it to the infamous "Clippy" assistant. Benioff stated that Microsoft's Copilot has not offered any value to customers, likening it to selling science projects to companies.
<a href="https://www.benzinga.com/news/24/09/40954193/salesforce-ceo-marc-benioff-slams-microsofts-copilot-compares-it-to-failed-clippy-assistant-like-wer">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/news/24/09/40940596/matching-nvidia-in-short-term-is-unlikely-analysts-predict-as-china-ramps-up-search-for-rivalling-je?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Matching Nvidia In Short-Term Is Unlikely,&#8217; Analysts Predict As China Ramps Up Search For Rivalling Jensen Huang-Led Chip Giant Amid US Sanctions</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Image Via Shutterstock

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Elon Musk And Nvidia CEO Share Vision Of AI-Powered Personal Assistants, LinkedIn Under Scrutiny And More: This Week In AI

The past weekend was filled with riveting news, from a data scientist&#8217;s election forecast to Elon Musk&#8216;s response to the Trump campaign&#8217;s allegations. Here&#8217;s a quick roundup of the top stories that made headlines.
Data Scientist Predicts &#8216;Drastic Landslide&#8217; for Harris
Thomas Miller, a renowned data scientist from Northwestern University, has predicted a significant victory for Kamala Harris in the upcoming presidential election. Miller, who accurately predicted the 2020 presidential and Georgia senatorial races, uses data from political betting sites to make his forecasts, which he claims are more accurate than traditional polls. <a href="https://www.benzinga.com/news/24/09/40950674/data-scientist-who-called-2020-election-correctly-says-its-gone-from-drastic-landslide-in-trumps-dir">Read the full article here</a>.
Elon Musk Reacts to Trump Campaign&#8217;s Allegations
Tesla CEO Elon Musk responded to the Trump campaign&#8217;s release of over 50 examples of Democrats&#8217; rhetoric that allegedly inspired an assassination attempt on former President Donald Trump. Musk&#8217;s reaction was a simple &#8220;No wonder,&#8221; in response to the campaign&#8217;s assertion. <a href="https://www.benzinga.com/news/24/09/40899012/elon-musk-reacts-after-trump-campaign-releases-over-50-examples-of-democrats-rhetoric-that-inspired">Read the full article here</a>.
See Also: <a href="https://www.benzinga.com/news/24/09/40958452/mark-cuban-says-elon-musk-believes-hes-much-smarter-than-trump-reveals-the-intoxicating-reason-why-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says Elon Musk &#8216;Believes He&#8217;s Much Smarter Than Trump,&#8217; Reveals The &#8216;Intoxicating&#8217; Reason Why Tesla CEO Supports Ex-President</a>
Kamala Harris Receives Endorsement from Historic Magazine
Vice President Kamala Harris has received an endorsement from the oldest continuously published magazine in the U.S.- the Scientific American&#8211; for the 2024 presidential election. This endorsement could prove crucial in a tight contest against Donald Trump. <a href="https://www.benzinga.com/general/politics/24/09/40907893/kamala-harris-wins-second-endorsement-in-179-years-from-magazine-that-featured-works-from-nikola">Read the full article here</a>.
Obama-Era Economist Surprised at JD Vance&#8217;s Economic Optimism
Betsey Stevenson, a former economic advisor during the Obama administration, expressed surprise at the economic optimism shown by Donald Trump's running mate JD Vance and his supporters, despite the Federal Reserve's recent rate cut. <a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong">Read the full article here</a>.
Elon Musk Suggests Warren Buffett is Preparing for a Harris Win
Tesla CEO Elon Musk suggested that Warren Buffett is positioning for a Kamala Harris win with his $277B cash pile. Meanwhile, pro-Trumper and hedge fund manager John Paulson warned of an equity market exit in the event of a Harris victory. <a href="https://www.benzinga.com/markets/equities/24/09/40917216/elon-musk-says-warren-buffett-is-positioning-for-kamala-harris-win-with-his-277b-cash-pile-as-pr">Read the full article here</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/09/40965372/fed-delivers-large-interest-rate-cut-in-bid-to-sustain-labor-market-stocks-gold-set-new-record-h">Fed Delivers Large Rate Cut In Bid To Sustain Labor Market; Stocks, Gold Set New Record Highs: This Week In The Markets</a>
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a> 
Image via Wikimedia Commons

Politics

Data Scientist's Election Prediction, Kamala Harris Receives Historic Endorsement From Magazine, Elon Musk Suggests Warren Buffett Is Preparing For A Harris Win And More: Top Political Update This Week

The past week was a rollercoaster ride for the financial world, with the Federal Reserve making a bold move, retail sales showing unexpected resilience, and prominent voices sharing their views on the economy. Here&#8217;s a quick recap of the top stories that made headlines.
Federal Reserve Slashes Interest Rates
In a surprising move, the Federal Reserve cut interest rates by 0.5% at its September Federal Open Market Committee meeting, marking the first rate cut in over four years. This decision, which broke a 12-month streak of steady rates, caught Wall Street analysts off guard as they had anticipated a more modest 25-basis-point cut. <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">Read the full article here</a>.
Obama-Era Economist Surprised by JD Vance&#8217;s Economic Optimism
Betsey Stevenson, a former economic advisor in the Obama administration, expressed her astonishment at Donald Trump's running mate J.D. Vance and his supporters' economic optimism despite the Federal Reserve's recent rate cut. Stevenson stated, "I have to admit that I am pleasantly surprised that J.D. Vance and his supporters think the economy is too strong for the rate cut." <a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/09/40939390/trump-media-technology-group-stock-slides-as-lockup-expiration-looms-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Media &amp; Technology Group Stock Slides As Lockup Expiration Looms: What&#8217;s Going On?</a>
Retail Sales Rise More Than Expected
U.S. retail sales rose more than expected by 0.1% month-over-month in August, signaling a resilient consumer spending momentum in the middle of the third quarter. This increase, which was more than anticipated, could boost the chances of a smaller interest rate cut. <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40897882/retail-sales-rise-0-1-in-august-more-than-expected-boosting-odds-of-larger-fed-ra">Read the full article here</a>.
Analyst Warns of Stagflation After Fed&#8217;s Rate Cut
Following the Federal Reserve&#8217;s deep 50 basis-point cut to its Fed funds rate, an analyst warned of a return of recession along with stagnation. GLJ Research's Gordon Johnson stated, "Get ready for stagnation," adding that this is the "inflation is Transitory" mistake all over again. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40955933/brace-for-stagflation-after-feds-benevolence-warns-analyst-raising-5-corporate-red-">Read the full article here</a>.
Ray Dalio Highlights Challenges for the Fed
Billionaire investor Ray Dalio pointed out the difficulties faced by the U.S. Federal Reserve as it navigates interest rate cuts amid a heavily indebted economy. Dalio emphasized that the Fed must balance keeping interest rates high enough to benefit creditors while not excessively burdening debtors. <a href="https://www.benzinga.com/news/24/09/40934156/billionaire-ray-dalio-warns-fed-faces-tough-road-ahead-balancing-interest-rate-cuts-and-enormous-us">Read the full article here</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/09/40917216/elon-musk-says-warren-buffett-is-positioning-for-kamala-harris-win-with-his-277b-cash-pile-as-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Warren Buffett Is Positioning For Kamala Harris Win With His $277B Cash Pile</a>
Image via Pexels/ Pixabay
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

Economics

Federal Reserve

Federal Reserve's Bold Rate Cut, Retail Sales Rise And More: This Week In Economics

<h3 class="wp-block-heading">Why Hidden Debt Matters</h3>
Investors often focus on basic financial figures, but it's essential to consider hidden debt when evaluating a company's true worth.&nbsp;
Insights from<a href="https://www.benzinga.com/topic/viridian-capital-advisors"> Viridian Capital Advisors</a> reveal that overlooked liabilities can significantly change how we view a company&#8217;s value, making it crucial to dig deeper.
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<h3 class="wp-block-heading">Viridian's Approach To Valuation</h3>
Typically, enterprise value (EV) is calculated using standard methods. However, Viridian takes a more thorough approach by including lease obligations and overdue tax payments.&nbsp;
They also consider long-term tax liabilities that companies have yet to address. This results in a higher debt figure and leads to revised calculations that show companies may be more valuable than initially thought.
<h3 class="wp-block-heading">The Impact On Investor Decisions</h3>
A recent graph compares traditional valuation methods with <a href="https://dealtracker.viridianca.com/valuation-tracker-by-industry-sector/">Viridian's updated figures</a>. Companies that appeared cheap may be less undervalued than previously believed, particularly those burdened by significant lease or tax liabilities.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="687" height="603" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20185609/unnamed-5.png" alt="" class="wp-image-559343" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20185609/unnamed-5.png 687w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20185609/unnamed-5-300x263.png 300w" sizes="(max-width: 687px) 100vw, 687px" /><figcaption class="wp-element-caption">Courtesy of Viridian Capital Advisors </figcaption></figure>
<h3 class="wp-block-heading">Market Perception of Undervalued Cannabis Stocks</h3>
Companies like Planet 13 Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PLNH#OTC">PLNH</a>) and MariMed (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>), which initially appeared undervalued based on traditional EV/EBITDA multiples, saw significant valuation increases when Viridian Capital&#8217;s augmented EV calculations factored in hidden debt. This reveals that investors who overlook these liabilities might mistakenly view these companies as more attractive investments than they truly are.
<h3 class="wp-block-heading">Impact of Debt on Investor Sentiment</h3>
In contrast, companies such as Schwazze (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SHWZ#OTC">SHWZ</a>), Vext Science (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VEXTF#OTC">VEXTF</a>), and Green Thumb Industries (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTII#OTC">GTII</a>) show minimal changes in valuation, suggesting cleaner balance sheets that could strengthen investor confidence.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/09/40880241/5-reasons-why-lower-interest-rates-could-boost-the-cannabis-industry">5 Reasons Why Lower Interest Rates Could Boost The Cannabis Industry</a>

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SHWZ

VEXTF

Don't Let Hidden Debt Fool You: How Cannabis Investors Can Tell If They Are Safe

In a dramatic turn, Aurora Cannabis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>) announced its breakup with Uruguay, closing operations by the end of September 2024. Acquired for $263 million in 2018, Aurora&#8217;s exit underscores a harsh reality: the market failed to meet its criteria for future growth, dashing hopes of becoming a leader in medical marijuana and hemp production.
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<h3 class="wp-block-heading">Challenges In Paradise</h3>
Despite its potential, <a href="https://www.benzinga.com/markets/cannabis/24/09/40958522/multi-million-dollar-cannabis-facility-auctioned-for-the-price-of-a-studio-apartment-whats-going">Uruguay's cannabis industry</a> has struggled with costly production and stagnant sales. The country faced numerous challenges, including a limited variety of strains and restricted THC flower availability, which hindered product diversity and the development of a robust supply chain. 
Additionally, a lack of regulations to transition cannabis clubs into dispensaries and to support cannabis tourism stifled growth. Ultimately, the government&#8217;s failure to respond to market signals for a more open and diverse cannabis market has contributed to the industry's stagnation, mirroring issues seen in <a href="https://www.benzinga.com/topic/colombia-cannabis">Colombia</a>&#8216;s bottlenecked retail segment.
Since legalizing marijuana over a decade ago, the country has seen less than $30 million in exports, while other sectors thrive.&nbsp;
The lack of a robust business framework, compounded by regulatory hurdles, has <a href="https://www.batimes.com.ar/news/latin-america/marijuana-companies-are-fleeing-uruguay-the-first-nation-that-legalized-recreational-marijuana.phtml">driven</a> many companies—including Pharmin and Global Cannabis Holdings—out of the market.
<h3 class="wp-block-heading">Exclusive Comments &nbsp;</h3>
An Aurora spokesperson told Benzinga Cannabis, "Our decision to exit Uruguay is part of a strategic focus on optimizing our global operations and concentrating resources on core markets that support sustainable growth."&nbsp;
The spokesperson emphasized Aurora's commitment to positive cash flow. "We are prioritizing investments in markets where we can achieve sustainable profitability." 
The person added that the decision aligns with Aurora's goal of long-term value creation for shareholders. "Our operations in Uruguay, managed through our wholly owned subsidiary ICC Labs, did not meet the criteria for our future growth strategy."
The spokesperson concluded, "While we recognize the challenges in Uruguay, we remain focused on leading in regulated markets like Canada, Germany, Poland, <a href="https://www.benzinga.com/topic/uk-cannabis">the UK</a>, and <a href="https://www.benzinga.com/topic/australia-cannabis">Australia</a>."
<h3 class="wp-block-heading">Aurora Turns The Page Focused On Global Markets&nbsp;</h3>
Aurora Cannabis continues to solidify its position in the global cannabis market, accounting for over 30% of Canada's medical <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40512437/aurora-cannabis-dominates-30-of-canadas-medical-marijuana-exports-will-its-bold-int">marijuana exports</a>. In the first half of 2024, international sales reached $28.9 million (C$39.3 million), driven by key markets such as Australia and <a href="https://www.benzinga.com/topic/germany-cannabis">Germany</a>, following the full acquisition of <a href="https://www.benzinga.com/markets/cannabis/24/02/37185129/aurora-cannabis-acb-canaccord-genuity-analysts-say-nows-the-time-to-buy-find-out-why">MedReleaf</a>.&nbsp;
In August, the company <a href="https://www.benzinga.com/markets/cannabis/24/08/40219701/aurora-cannabis-shares-jump-on-q1-fy25-earnings-global-medical-marijuana-yields-record-revenue-o">reported</a> a cash position of approximately $134 million (C$182 million) and a positive free cash flow of $4.8 million (C$6.5 million) in Q1 FY2025.&nbsp;
Management anticipates that with adjusted EBITDA up 87% year-over-year, Aurora&#8217;s focus on high-margin medical cannabis will drive growth and profitability in the coming quarters.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/09/40958672/aurora-cannabis-ceo-takes-on-dual-role-heres-whats-behind-the-leadership-change">Aurora Cannabis CEO Takes On Dual Role: Here&#8217;s What&#8217;s Behind The Leadership Change</a>

Government

Latin America

Regulations

NASDAQ-Listed Aurora Cannabis Breaks Up With Uruguay: It's Not You, It's The Market

Anthony Scaramucci, who worked very briefly as White House Communications Director under former President Donald Trump, in an interview published on Wednesday shared his insights into the <a href="https://www.benzinga.com/news/24/09/40913930/kamala-harris-moves-from-13-point-deficit-to-7-point-lead-over-trump-in-survey-of-fund-managers-stra">2024 presidential race</a>.
Impressed With Harris: Vice President Kamala Harris has done a good job so far despite her late-entry into the race, said Scaramucci in an <a href="https://www.wsj.com/video/events/anthony-scaramucci-on-harris-vs-trump/C105B408-F8D1-4E0C-8B21-79D02BF0E52D.html?mod=WSJvidctr_upnext_pos0">interview</a> with The Wall Street Journal. When President Joe Biden decided to quit the race and endorsed her, she had to simultaneously do three things &#8211; merging her staff with his re-election team, get the delegates to commit to her and also find a way to be respectful to the president, he said.
The vice president had to get the nomination, knocking the other potentially contenders, and prepare for the debate as well, he said. &#8220;I think she's done an incredible job in a very short period of time,&#8221; he added. 
The critics may still point out that she needs to do more interviews, flesh out her economic agenda and speak with greater clarity about what she wans to do, what her vision is, Scaramucci said. All that is coming and she started the process but she may not do as many interviews as the media would like, he said.
&#8220;If you think about where she was on July 21st and where she is here in the middle of September I think II would give her an A plus in terms of her execution,&#8221; he added.
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How Harris Differs: Scaramucci said the vice president differed from Trump in building a team or coalition. &#8220;If you like President Trump&#8230;. you sort of know what you're getting. You're getting a team of one. It's him. He's in the spotlight,&#8221; the ex-White House aide said.
Trump doesn&#8217;t like other people speaking for him, which was evident when he rebuked his running mate Sen. JD Vance (R-Ohio) during the debate for speaking for him, Scaramucci said. Harris has gone now to a very broad group of people and asked for help from Republicans and Democrats on debate prep, he added. 
To make his case, Scaramucci noted that he, who was a lifelong Republican, was called to go into the spin room and advocate on her behalf, and she got the endorsement of former Republican Congresswoman Liz Cheney and her father and former Vice President Dick Cheney.
&#8220;Think of the coalition that she's building and and think about her willingness to do that,&#8221; he said.
3 Focal Points: Scaramucci said irrespective of who wins, three things are important. The next president should strengthen U.S.&#8217; alliances and move toward the allies and not away from them. &#8220;That would send a very big message to the world that America is committed to peace and long term prosperity for our trading partners and for the cause of freedom around the world,&#8221; he said. Trump, meanwhile, wants to go toward isolationism, he added.
Secondly, the U.S. has to address the<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"> looming debt crisis, </a>Scaramucci said. &#8220;When you are spending over a trillion dollars of tax receipts on interest payments and you're looking at $2 trillion deficits a year we have to do something about that and we can fix that&#8230; but it would take 15 or 20 years,&#8221; he said. He called upon Americans to back the political leader who is offering a 10-20 year plan to right-size the deficits. 
The third important thing would be to redo the tax code to create more economic incentives for growth in the blue states, Scaramucci said. The state and local income tax deduction limitation that the Trump administration put in, in Dec. 2017 has hurt the overall economy, he said.
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Scaramucci: Donald Trump Is A 'Team Of One', Kamala Harris Has 'Done An Incredible Job'

Arab-American voters, represented by 31-year-old Palestinian American Ruwa Romman, face a complex <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">dilemma this election season</a> in Georgia.
Romman, a legislator in the swing state, was nominated to represent the Uncommitted National Movement, <a href="https://www.aljazeera.com/features/longform/2024/9/18/denied-the-democratic-convention-stage-ruwa-romman-focuses-on-whats-next" target="_blank" rel="noreferrer noopener">reported</a> Al Jazeera. This protest initiative aims to urge Democratic presidential nominee Kamala Harris to reconsider her support for Israel&#8217;s actions in Gaza.
While she planned to share her family&#8217;s story at the Democratic National Convention in mid-August, she didn&#8217;t get the chance.
Nonetheless, her advocacy outside the convention has propelled her into the national spotlight.
Romman embodies the struggle many Arab-Americans experience as they balance their support for the Democratic Party with criticism of its largely pro-Israel platform.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40969619/trump-ally-sarah-huckabee-sanders-jabs-kamala-harris-for-not-having-biological-children-doesnt-have" rel="noreferrer noopener">Trump Ally Sarah Huckabee Sanders Jabs Kamala Harris For Not Having Biological Children: &#8220;Doesn&#8217;t Have Anything Keeping Her Humble!&#8221;</a>
Romman was among three speakers proposed by the movement to convey the Palestinian experience at the convention.
In an interview with Al Jazeera, she mentioned that, had she been allowed to speak, her address would have included an endorsement for Harris.
Romman viewed her potential speech as a chance to humanize the plight of Palestinians, who have lost over 41,250 lives in the ongoing conflict. When questioned about whether she would rule out endorsing Harris, Romman indicated that she didn&#8217;t have a definite answer. She mentioned that she had extended her endorsement, but noted that neither the Harris campaign nor the DNC acknowledged it.
Regarding the issue of an official endorsement, she remarked that it was more a matter for them to decide, rather than for her.
Born in Jordan, Romman made history in 2022 as the first Muslim woman elected to the Georgia State House of Representatives. She was part of a record wave of 153 Muslim-American candidates who won office during that year&#8217;s midterm elections.
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Georgia's Ruwa Romman: First Muslim Woman in State House Navigates Complex Political Landscape

<a href="https://www.benzinga.com/topic/kevin-oleary">Kevin O'Leary</a>, the outspoken investor known as <a href="https://www.benzinga.com/startups/24/09/40839130/were-looking-for-a-real-a-e-and-youre-in-kevin-oleary-on-how-he-got-his-infamous-shark-tank-role">&#8220;Mr. Wonderful&#8221; from Shark Tank</a>, didn't always plan on being a business mogul. His first love was something completely different: photography.&nbsp;
Fresh out of high school, Kevin dreamed of turning his passion into a career. He even set up a lab in his basement and was doing everything he loved. But his father had a harsh dose of reality for him.
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"You're not good enough and you'll starve to death," his dad bluntly told him. His father pushed him to go to college and earn a degree, telling him not to follow his heart. This tough love turned out to be some of the best advice Kevin could have received, even though it might have felt like his aspirations were being dashed.
<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">When I first wanted to be a photographer, My dad told me I wasn&#39;t good enough—I&#39;d starve. So, I got an MBA and ended up building and selling a company for $4.2 billion. It all came together—business, creativity, and the drive to win. I wouldn&#39;t change a thing. <a href="https://t.co/Xv8ttJFk2V">pic.twitter.com/Xv8ttJFk2V</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1836031341428633623?ref_src=twsrc%5Etfw">September 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Kevin took his father's advice and went to college, eventually earning an MBA. Though it wasn't part of his original plan, this degree would later be a game-changer. He soon found a way to merge his passion for photography and production with his business skills, launching his first company, Special Event Television, which produced programming for East Coast hockey games.
That first venture set the stage for a highly successful career. Kevin and his co-founders eventually sold the company and Kevin used the money to start his next venture, a software business called Softkey, which he later sold for $4.2 billion.
Trending: Unlock a $400 billion opportunity by investing in the future of EV infrastructure on<a href="https://www.benzinga.com/money/dunamis-1"> this startup already valued at $50 million with just $500</a>.
Still in his mid-30s,<a href="https://www.benzinga.com/startups/24/09/40776473/it-was-boring-kevin-oleary-explored-every-beach-on-earth-after-he-first-got-rich-but-the-highs-and-l"> Kevin decided to retire</a> and live the kind of financially independent life that most of us can only imagine. He traveled the world, visiting the most beautiful beaches and other stunning locations. However, something unexpected happened – he found himself bored in spite of the luxury and endless travel. &#8220;I went to every beach on Earth,&#8221; he says, but after three years, &#8220;It was really boring.&#8221;
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The excitement of creating something, taking chances and participating in the business world was something he missed. Retirement proved unsatisfactory, even though it seemed like the ultimate goal.
Apart from his father giving him tough advice, Kevin also credits his mother for giving him some of the best financial advice he ever received. <a href="https://www.benzinga.com/general/24/05/39037170/shark-tanks-kevin-oleary-declares-the-best-advice-he-ever-received-from-his-mom-spend-the-interest-n">She taught him</a> and his brother a simple but effective lesson: "Boys, never spend the principal, only the interest." Although he didn&#8217;t fully understand it then, this lesson has guided him throughout his life and career.
Kevin O'Leary's life story shows that success typically doesn't follow a straight line but often involves following difficult-to-hear advice.
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Kevin O'Leary's Dad Warned Him He'd 'Starve To Death' If He Pursued His Passion. Getting An MBA Ended Up Changing His Life

<a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a> returned to North Carolina on Saturday to campaign in Wilmington, a key battleground in the upcoming November election.
However, he was without Lt. Gov. Mark Robinson, the GOP gubernatorial nominee and one of Trump&#8217;s primary supporters in the state, <a href="https://apnews.com/article/trump-mark-robinson-north-carolina-wilmington-1bc79594567860c9ffe7f44375fac847" target="_blank" rel="noreferrer noopener">reported</a> AP News.
A CNN <a href="https://edition.cnn.com/2024/09/19/politics/kfile-mark-robinson-black-nazi-pro-slavery-porn-forum/index.html" target="_blank" rel="noreferrer noopener">report</a> on Thursday regarding Robinson&#8217;s inflammatory remarks about race, gender, and sexual orientation <a href="https://www.benzinga.com/news/24/09/40968051/republicans-in-damage-control-mode-after-mark-robinsons-remarks-spark-concern-for-trump-campaign-goi" target="_blank" rel="noreferrer noopener">has left the Republicans scrambling</a>.
As per the CNN report, Robinson commented on a pornography website&#8217;s message board, where he self-identified as a &#8220;Black Nazi&#8221; and expressed a desire for the return of slavery.
Democrats, on the other hand, are highlighting Robinson&#8217;s connections to other candidates, including Trump, who has previously praised the North Carolina lieutenant governor.
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Robinson was not scheduled to attend the Wilmington event, said AP News, citing two individuals with knowledge of the situation, who requested anonymity.
Although Robinson secured victory in his GOP gubernatorial primary back in March, he has fallen behind Democratic nominee Josh Stein, the state attorney general, in several recent polls.
State Republican leaders continue to support Robinson, but his choice to persist with his campaign might jeopardize the GOP&#8217;s chances in other crucial races, including Trump&#8217;s efforts in a battleground state he has won twice before.
Trump has consistently expressed admiration for Robinson, a Black politician, calling him a figure reminiscent of Martin Luther King, but with added intensity. When endorsing Robinson prior to the GOP gubernatorial primary, Trump stated that he believes Robinson surpasses King in significance, AP News added.
While presidential candidates have focused more on the Rust Belt states like Pennsylvania, Michigan, and Wisconsin, both Trump and Harris have made several visits to North Carolina, underscoring the state&#8217;s significance.
After Biden exited the race in July, Trump organized his first major rally there, shifting his attention entirely toward Harris.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Controversial Ally Mark Robinson Absent From Donald Trump Rally In Pivotal North Carolina

Mary Trump, a psychologist and author, last week shared her thought on her uncle <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump</a><a href="https://www.benzinga.com/topic/donald-trump">&#8216;s</a> psychology and also the media sane-washing him.
Lover Of Violence: Mary Trump called her uncle a lover of violence, especially when it is committed on his behalf, <a href="https://www.marytrump.org/p/the-bringer-of-violence">said</a> Mary Trump in a Substack post. Weighing in on a second assassination attempt against the former president, she noted that it was only a few days before the incident that he refused to condemn the bomb threats, school evacuations, and general sense of terror in Springfield, Ohio, that he and his running mate Sen. JD Vance (R-Ohio) have unleashed by their &#8220;vicious targeting of Haitian immigrants who live and work there.&#8221;
&#8220;Threats of violence and actual violence from the right are now a regular part of our political discourse and behavior —Donald makes sure of that on an almost daily basis,&#8221; she said.
Mary Trump noted that in early days of her uncle&#8217;s 2016 campaign, he encouraged rally goers to assault protesters. &#8220;Before and during the assault on the Capitol on Jan. 6, 2021, Donald encouraged and stoked violence and people listened,&#8221; she said. 
&#8220;Every day, Americans pay the price while Donald sets the world on fire with his provocations and then spends the day playing golf, completely insulated from the chaos he sows,&#8221; she added.
The former president believes that the only way to maintain his grip on power is to &#8220;keep us divided, angry, and afraid,&#8221; Mary Trump said.
&#8220;America can't go on like this,&#8221; she said, adding that &#8220;I worry about what will happen in the next 50 days and the uncertain weeks that will follow.&#8221; 
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Sane-washing Trump: Mary Trump also <a href="https://www.youtube.com/watch?v=fzAaOdvkIDw">shared</a> a MSNBC interview in which she discussed about the media sane-washing Donald Trump. &#8220;They are just pretending that he said these understandable, coherent things but much worse than that they are imbuing his meaningless statements with meaning that is not there,&#8221; she said. This makes the former president more serious and less delusional than he actually is, she added.
For years now, it has been told that some of the most disqualifying things about Donald Trump are baked in and so nobody cares about them anymore, the psychologist said. But she called it as a &#8220;wrong take.&#8221; This &#8220;gives him an enormous advantage because he can do anything and we are all just supposed to assume that that&#8217;s just fine and it gives him permission to get away with worse,&#8221; she said. 
Although this isn&#8217;t anything new, it is now just increasingly less hinged, more delusional, more dangerous, Mary Trump said, adding that the people he surrounds himself with have always been awful, they too are becoming more dangerous to democracy and to American citizens.
Mary Trump also delved into her uncle&#8217;s claims about <a href="https://www.benzinga.com/news/24/09/40937559/jd-vances-unverified-rumors-about-haitian-immigrants-stir-gop-discomfort-distracting-from-real-issue">Haitian illegal immigrants eating pets in Springfield, Ohio</a>. This is just the latest example of something he has been doing for years. This is stochastic terrorism,&#8221; she said, adding that this is deadly serious.
&#8220;Donald Trump has and will get people killed because of his dangerous rhetoric and the fact that he is willing to stop at nothing if he thinks demeaning the most vulnerable people among us is going to get him another vote,&#8221; Mary Trump said.
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Mary Trump Says Americans Pay The Price As Her Uncle Sets World On Fire With His Provocations: 'I Worry About What Will Happen'

Wall Street is rejoicing as the Federal Reserve&#8217;s half-point rate cut triggers a market rally, even amidst rising apprehensions <a href="https://www.benzinga.com/general/market-summary/24/08/40429168/s-p-500-records-best-week-of-the-year-amid-favorable-economic-reports-what-really-drove-th">about inflated valuations</a>.
What Happened: The Federal Reserve&#8217;s lenient approach has uplifted the economic forecast, resulting in a jump in U.S. stocks and commodities, and a reduction in bond market volatility. 
The Nasdaq 100 experienced its most significant two-week surge since November, dismissing worries that the Fed chief had postponed concluding a two-year fight against inflation.
Nonetheless, inflated valuations are emerging as a substantial hurdle, leaving little margin for mistakes if any event disrupts investors&#8217; large-scale bets, <a href="https://www.bloomberg.com/news/articles/2024-09-20/risk-appetites-rage-as-powell-proves-hero-in-high-priced-markets?srnd=homepage-americas&amp;sref=TBDibEcD">reports</a> Bloomberg.
A model adjusting S&amp;P 500 earnings yields and 10-year Treasury rates for inflation suggests that cross-asset pricing is now higher than at the commencement of all previous 14 Fed easing cycles, typically linked with recessions.
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Lauren Goodwin, economist and chief market strategist at New York Life Investments, cautions that while high prices are just one factor contributing to a multifaceted market environment, they amplify market vulnerability if any other aspect goes awry.
U.S. stocks surged, propelling the S&amp;P 500&#8217;s total return for 2024 above 20%. The index leaped 1.7% on Thursday, marking its 39th record close of the year, following the Fed&#8217;s rate cut and data indicating labor market resilience.
However, many stock-valuation measures are stretched, including the Buffett indicator, which divides the total market capitalization of U.S. stocks by the total dollar value of the nation&#8217;s GDP. This indicator is near a record high, at a time when Warren Buffett has recently downsized some high-profile equity holdings.
Why It Matters: Despite these concerns, the rally in U.S. stocks persists, justified by earnings growth keeping pace with high valuations.
However, the potential for disappointment is high in the Treasury market, where futures trading continues to anticipate more interest-rate cuts than Fed policymakers themselves see as likely over the next year.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Fed Rate Cut Fuels Market Rally Amidst Valuation Fears

In a recent podcast interview, Facebook founder Mark Zuckerberg shared his parenting philosophy, emphasizing the importance of individuality over fame.
What Happened: Zuckerberg recounted a conversation with his 7-year-old daughter August Chan Zuckerberg, where he encouraged her to aspire to be herself rather than a celebrity. This discussion was prompted by her desire to be like Taylor Swift.
According to a report <a href="https://www.businessinsider.com/mark-zuckerberg-taylor-swift-daughter-parenting-lesson-2024-9">by</a> Business Insider, Annie Wright, a therapist who works with affluent parents, praised Zuckerberg&#8217;s advice. She noted that parents often grapple with their children&#8217;s growing desire to become influencers. Wright urges parents to help their children cultivate a strong sense of self-worth and individuality, instead of pursuing popularity.
According to the outlet, Zuckerberg said in the interview, &#8220;I was like, &#8216;But you can&#8217;t. That&#8217;s not available to you. And she thought about it and she&#8217;s like, &#8216;Alright when I grow up I want people to want to be like August Chan Zuckerberg, and I was like, &#8216;Hell yeah. Hell yeah.'&#8221;
Wright also highlighted that children from high-achieving families often experience intense pressure to succeed, leading to feelings of inadequacy. She promotes the idea of parents downplaying goals like fame and having open dialogues about its drawbacks.
Also Read: <a href="https://www.benzinga.com/news/22/12/30195280/elon-musks-ex-girlfriend-grimes-says-mark-zuckerberg-wildly-under-qualified-to-run-metaverse">Elon Musk&#8217;s Ex-Girlfriend Grimes Says Mark Zuckerberg &#8216;Wildly Under Qualified&#8217; To Run Metaverse</a>
&#8220;His advice to his daughter to aspire to be herself, not Taylor Swift or some other icon, I do think it&#8217;s an important reminder for all parents,&#8221; Wright told the outlet.
Part of Zuckerberg&#8217;s parenting strategy includes assigning chores to his children, a practice Wright believes is an effective way to teach vital life skills, particularly in affluent families. 
She stated, &#8220;Chores create an understanding that rewards come from effort, not entitlement.&#8221;
Also Read: <a href="https://www.benzinga.com/general/entertainment/24/09/40869299/mother-sells-taylor-swift-tickets-over-stars-endorsement-of-kamala-harris-im-gonna-shake-it">Mother Sells Taylor Swift Tickets Over Star&#8217;s Endorsement Of Kamala Harris: &#8216;I&#8217;m Gonna Shake It Off, And I&#8217;m Done With You&#8217;</a>
Why It Matters: Zuckerberg&#8217;s parenting approach offers a unique perspective in a society where fame and celebrity status are often glamorized. His advice underscores the importance of self-worth and individuality, values that can help children navigate the pressures of growing up in high-achieving families. 
Furthermore, his emphasis on chores as a means to teach life skills provides a practical approach to parenting that encourages effort and discourages entitlement. 
This advice is particularly relevant in today&#8217;s digital age, where the allure of becoming an influencer can often overshadow the importance of personal growth and self-discovery.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Zuckerberg Tells His Daughter She Can't Be Like Taylor Swift: 'You Can't Do It, That's Not Available To You'

A recent survey revealed that more than half of voters back pop star <a href="https://www.benzinga.com/topic/taylor-swift" target="_blank" rel="noreferrer noopener">Taylor Swift</a><a href="https://www.benzinga.com/topic/taylor-swift" target="_blank" rel="noreferrer noopener">&#8216;s</a> initiative to encourage her fans to <a href="https://www.benzinga.com/general/entertainment/24/09/40869299/mother-sells-taylor-swift-tickets-over-stars-endorsement-of-kamala-harris-im-gonna-shake-it" target="_blank" rel="noreferrer noopener">participate in this year&#8217;s election</a>.
However, this support has dropped by 15 points since February, partly due to a conspiracy theory suggesting the Super Bowl was rigged, <a href="https://thehill.com/blogs/in-the-know/4888659-taylor-swift-voter-turnout-effort/?tbref=hp\" target="_blank" rel="noreferrer noopener">reported</a> The Hill, citing the latest Monmouth University <a href="https://www.monmouth.edu/polling-institute/reports/monmouthpoll_us_091924/" target="_blank" rel="noreferrer noopener">poll</a>.
&#8220;Interestingly, support for the singer&#8217;s get-out-the-vote (GOTV) efforts were much higher <a href="https://www.monmouth.edu/polling-institute/reports/monmouthpoll_us_021424/" target="_blank" rel="noreferrer noopener">seven months ago</a>, when she was the subject of a debunked conspiracy theory around the election and the Super Bowl,&#8221; said Patrick Murray, director of the independent Monmouth University Polling Institute.
Swift has been recognized for directing a massive influx of over 330,000 visitors to vote.gov,&nbsp;<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40807445/taylor-swift-says-i-will-be-casting-my-vote-for-kamala-harris-and-tim-walz-takes-a-dig-at-j" rel="noreferrer noopener">following her public endorsement</a>&nbsp;of Vice President&nbsp;Kamala Harris. This surge occurred less than 24 hours after Swift&#8217;s endorsement after the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/09/40806876/final-showdown-trump-and-harris-face-off-in-intense-debate-just-eight-weeks-before-election-day" rel="noreferrer noopener">debate between</a>&nbsp;Harris and former President&nbsp;Donald Trump.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40870369/trumps-i-hate-taylor-swift-met-with-witty-response-from-harris-campaign-the-american-people-want-to" rel="noreferrer noopener">Trump&#8217;s &#8216;I Hate Taylor Swift&#8217; Met With Witty Response From Harris Campaign: &#8216;The American People Want To Be Out Of The Woods&#8217;</a>
However, the poll shows that 53% of voters support Taylor Swift&#8217;s efforts to encourage her fans to vote, while 35 percent disapprove, The Hill added. Additionally, 12% of respondents indicated that they were unsure.
&#8220;Republicans were wary of Swift all along. What we don&#8217;t know is whether this will have any effect on the part of her fan base who already leans right,&#8221; Murray added.
Swift is currently in a relationship with Kansas City Chiefs tight end Travis Kelce and was present at the team&#8217;s Super Bowl game against the San Francisco 49ers in Las Vegas. During that time, a conspiracy theory emerged suggesting that the game might be manipulated to benefit the Chiefs and maximize exposure for a potential Swift endorsement of President Biden.
No evidence supported this theory, nor had Swift made any endorsements at that point. However, Monmouth noted a significant decline in support for Swift&#8217;s voting initiatives following the conspiracy, the report added.
Despite Taylor Swift&#8217;s endorsement of the Democrats, an ABC News/Ipsos poll conducted earlier this week revealed that 81% of respondents believe her support for Kamala Harris will not affect their voting decisions.
Only 6% indicated they were more likely to vote for Harris due to Swift&#8217;s endorsement, while 13% said it made them less inclined to support the Democratic ticket, The Hill added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Support For Taylor Swift's Get-Out-The-Vote Efforts Have Dropped 15 Points Since February Amid Super Bowl Conspiracy Theory

Employees at OpenAI have voiced their dissatisfaction with the company&#8217;s proposed new logo, which they have described as &#8220;ominous&#8221; <a href="https://www.benzinga.com/news/24/03/37440684/openais-sam-altman-has-an-estimated-2-billion-net-worth-and-much-of-it-doesnt-come-from-ai">and lacking in creativity</a>.
What Happened: The proposed logo – a large black &#8220;O&#8221; – was revealed at a recent company-wide meeting. This new design is a stark contrast to the current hexagonal flower symbol, which was designed to symbolize &#8220;precision, potential, and optimism.&#8221;
The unveiling of the new design was met with shock and disapproval, with some employees openly expressing their dislike during the meeting, <a href="https://fortune.com/2024/09/20/openai-staffers-unhappy-new-logo-design-ominous/">reports</a> Fortune. 
Insiders suggest that the logo redesign is part of a larger company overhaul scheduled for 2025. This revamp aligns with a planned significant modification to OpenAI&#8217;s corporate structure and an increased emphasis on revenue and investors.
The redesign process, which began about a year ago, is being handled by an internal team. This team consists of new hires from creative agencies and fields such as graphic design. The company&#8217;s current logo, referred to as &#8220;our most recognizable brand element,&#8221; was also developed internally.
Also Read: <a href="https://www.benzinga.com/news/24/09/40764804/whats-the-secret-openai-is-battling-to-keep-co-founders-files-confidential-heres-why">What&#8217;s The Secret? OpenAI Is Battling To Keep Co-Founder&#8217;s Files Confidential, Here&#8217;s Why</a>
Despite the strong reactions, the design of the new logo may undergo further changes, considering the staff&#8217;s attachment to the current logo and the negative feedback received. The final design is expected to be revealed as early as next year.
Why It Matters: The logo redesign is indicative of the broader changes taking place within OpenAI. As the company shifts its focus towards revenue and investors, it is also altering its corporate structure and brand identity. 
The strong reactions from employees highlight the significance of these changes and the potential impact they could have on the company&#8217;s culture and public perception. 
The final design of the logo, expected to be unveiled next year, will be a key indicator of the direction OpenAI is taking in this new phase of its evolution.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

OpenAI's Employees See This Latest Creation As 'Ominous' – What Is It?

Mark Zuckerberg, CEO of Meta, has been seen sporting luxury watches that rival the <a href="https://www.benzinga.com/news/24/07/39999229/dont-look-now-but-zuckerbergs-threads-is-picking-up-steam">cost of a Tesla Cybertruck</a>.
What Happened: Zuckerberg was recently seen wearing a De Bethune DB 25 Starry Varius watch during an <a href="https://www.youtube.com/watch?v=QciJ9ubeLQk">interview</a>.
According to the report <a href="https://nypost.com/2024/09/19/lifestyle/mark-zuckerberg-wears-watch-that-costs-as-much-as-a-cybertruck/">by</a> The New York Post, this luxury timepiece is estimated to be worth between $90,000 and $95,700, nearly the price of a Tesla Cybertruck, which is listed at $99,990.
Earlier this month, Zuckerberg was photographed on Instagram alongside his wife, Priscilla Chan, wearing a Patek Phillipe watch — a 5236P model, which carries a price tag of more than $141,000.
Also Read: <a href="https://www.benzinga.com/news/24/09/40867264/big-techs-security-spending-spree-zuckerberg-leads-in-lavish-security-measures">Big Tech&#8217;s Security Spending Spree: Zuckerberg Leads In Lavish Security Measures</a>
This change in Zuckerberg&#8217;s style is a noticeable departure from his typical wardrobe of hoodies, jeans, and sneakers. His new fashion choices include designer pieces like an Alexander McQueen suit decorated with silver dragonflies.
Despite the speculation surrounding his style evolution, a spokesperson for Meta confirmed to The Times that Zuckerberg &#8220;mostly buys clothes he finds on Instagram&#8221; and occasionally seeks advice for formal events and occasions.
Why It Matters: Venky Ganesan, a partner at Menlo Ventures, suggests that Zuckerberg&#8217;s style evolution could be &#8220;very good for business.&#8221; 
As the CEO of a major tech company, his personal brand and image can influence public perception of the company. His shift towards more luxurious attire could reflect the company&#8217;s growth and success.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Mark Zuckerberg Flaunts Watches Valued at a Cybertruck's Price

Many Americans are banking on working longer to make up for a <a href="https://www.benzinga.com/personal-finance/24/08/40295808/youre-40-50-or-60-do-you-know-how-much-you-should-have-saved-for-retirement-by-now">lack of retirement savings</a>. According to a recent CNBC and SurveyMonkey survey, about 27% of workers plan to stay employed during their retirement years to boost their income.&nbsp;
The poll, conducted in early August, included over 6,600 U.S. adults, split between retirees and those still in the workforce.
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It's a strategy that sounds solid at first glance. After all, staying employed into your 60s or 70s should allow you to continue earning money while giving your retirement savings more time to grow. But according to financial experts, this plan might not be as foolproof as it seems.
The Risk of Working Longer
While extending your working years is appealing, it doesn't always go according to plan. Health issues or unexpected layoffs can suddenly throw a wrench in those plans. "It sounds great on paper," said Philip Chao, founder of Experiential Wealth in Maryland. "But reality could be very different."
If workers are forced out of the job market sooner than expected, they may find themselves scrambling to stretch out their retirement savings, and that's where things can get tricky.
Trending: <a href="https://www.benzinga.com/money/charlie-munger-100k">Charlie Munger said if you want to be rich, &#8220;find a way to get your hands on $100,000&#8221; — here&#8217;s what he means.</a>
Early Retirement Happens More Often Than You Think
Data shows that many Americans end up retiring earlier than they intended. According to a Gallup poll, a consistent five-year gap exists between when people expect to retire and when they do. In 2023, for instance, non-retirees anticipated working until age 66, but most retirees had <a href="https://www.benzinga.com/personal-finance/24/04/38439971/should-you-begin-collecting-social-security-at-62-67-or-70-the-right-answer-may-depend-on-your-b">left the workforce by 62</a>.
This trend isn't new. Research from the <a href="https://www.ebri.org/docs/default-source/rcs/2023-rcs/rcs_23-fs-2.pdf?sfvrsn=708d392f_4#:~:text=The%20RCS%20has%20consistently%20found,'%20expectations%20and%20retirees'%20experiences.">Employee Benefit Research Institute</a> (EBRI) shows that 46% of retirees <a href="https://www.benzinga.com/personal-finance/24/06/39497325/the-average-millennial-expects-to-retire-before-60-why-many-think-this-is-unattainable">left the workforce earlier than planned</a>. So while a third of workers say they aim to retire at 70 or later – or maybe never – only 6% of retirees manage to stick around that long.
Trending: The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires"> Here are three ways to join the club.</a>
The "Escape Valve" That Might Not Work
Many Americans rely on the idea of pushing back retirement as a kind of "escape valve" for financial security. However, as Chao puts it, "saying it and doing it are two totally different things." He warns that this assumption could be a "very dangerous" gamble.
The reasons for those who retire earlier than expected are often out of their control. According to the EBRI survey, 35% retired early due to health issues or disabilities, while 31% faced company-related changes like layoffs.
Working longer seems like a simple solution to building up retirement funds, but reality is far more unpredictable. Life throws curveballs, and relying too much on a late retirement may not be the <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">safety net people think it is</a>. Having other options in place is crucial because sometimes, life has other plans.
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Personal Finance

People Who Don't Save Enough For Retirement Think Working Longer Will Help – But Experts Warn This 'Escape Valve' Is A Dangerous Gamble

The U.S. Securities and Exchange Commission (SEC) is preparing to reprimand Elon Musk for his absence from a scheduled hearing. This testimony is part of an ongoing investigation into Musk&#8217;s $44 billion acquisition of X, <a href="https://www.benzinga.com/news/24/08/40147580/heres-how-an-elon-musk-backed-pac-harnesses-voter-data-to-support-donald-trump">previously known as Twitter</a>.
What Happened: Musk was expected to testify before the SEC on September 10. However, Musk&#8217;s lawyer informed the SEC that Musk had to urgently travel to Cape Canaveral, Florida for the launch of SpaceX&#8217;s Polaris Dawn, thereby missing the testimony.
According to a report <a href="https://thehill.com/policy/technology/4891840-sec-reprimands-elon-musk-twitter/">by</a> The Hill, this is the second time Musk has failed to appear before the SEC in relation to the probe into his acquisition of the social media platform, now known as X.
&#8220;Musk has now failed to appear before the SEC twice: first in September 2023, in defiance of a lawful administrative subpoena, and last week, in defiance of a clear court order,&#8221; stated SEC&#8217;s lawyer Robin Andews in the court filing.
Alex Spiro, Musk&#8217;s lawyer, has labeled the SEC&#8217;s sanctions as &#8220;drastic&#8221; and confirmed that a new date for the testimony has been agreed upon. 
Also Read: <a href="https://www.benzinga.com/news/24/09/40866970/new-book-reveals-elon-musks-twitter-buy-fumble-and-mix-up-over-grimes-baby-name">New Book Reveals Elon Musk&#8217;s Twitter Buy Fumble And Mix-Up Over Grimes&#8217; Baby Name</a>
He emphasized that the rescheduling was due to a &#8220;critical&#8221; rocket launch and dismissed concerns of a similar emergency happening in the future.
Meanwhile responding to SEC&#8217;s claim Musk went on X and said that &#8216;actual crimes go unpunished&#8217;. 
<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">While actual crimes go unpunished
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1837387386637930896?ref_src=twsrc%5Etfw">September 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The SEC&#8217;s reprimand of Musk underscores the regulatory body&#8217;s commitment to enforcing compliance, even when dealing with high-profile individuals like Musk. 
This incident also highlights the challenges Musk faces in balancing his responsibilities as CEO of Tesla and his other ventures, such as SpaceX. 
The SEC&#8217;s ongoing probe into Musk&#8217;s acquisition of Twitter, now X, is a significant event, given the size of the deal and the potential implications it could have on the social media landscape. 
The outcome of this investigation could set a precedent for future tech acquisitions and regulatory compliance.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Elon Musk Faces SEC Backlash Over Missed Testimony, Quips 'Actual Crimes Go Unpunished'

The popular party game company Cards Against Humanity has hit Elon Musk&#8217;s SpaceX with a $15 million lawsuit. The lawsuit alleges that SpaceX trespassed and <a href="https://www.benzinga.com/news/24/09/40762349/x-faces-major-advertiser-exodus-amid-string-of-elon-musk-controversies">caused damage to their land in Texas</a>.
What Happened: Cards Against Humanity has accused SpaceX of trespassing and littering on their land near the Texas-Mexico border. 
The land, which was bought through crowdfunding in 2017, was reportedly cleared of vegetation and used as a dumping ground by SpaceX&#8217;s Starbase.
The lawsuit was lodged in a Texas court last week. Cards Against Humanity alleges that SpaceX offered to buy the land for less than half its value, giving them a 12-hour ultimatum to accept the offer. 
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In a <a href="https://www.elonowesyou100dollars.com/">letter</a> posted online, the company said, &#8220;Elon Musk's SpaceX was building some space thing nearby, and he figured he could just dump his s&#8212; all over our gorgeous plot of land without asking. After we caught him, SpaceX gave us a 12-hour ultimatum to accept a lowball offer for less than half our land's value.&#8221;
In a humorous twist, the company suggested they would accept Twitter.com as compensation, a nod to Musk&#8217;s recent $44 billion acquisition of the social media platform.
Despite SpaceX purchasing neighboring lots, it has allegedly ignored the &#8220;no trespassing&#8221; sign on Cards Against Humanity&#8217;s land. 
The lawsuit claims that the land has been used as a staging area for SpaceX&#8217;s construction projects, causing damage and straining the game company&#8217;s relationship with its supporters.
Why It Matters: This lawsuit comes at a time when SpaceX has been expanding its operations in Texas, with the purchase of several neighboring lots. 
The alleged trespassing and damage to Cards Against Humanity&#8217;s land could potentially impact SpaceX&#8217;s reputation and future expansion plans. 
Furthermore, the lawsuit could set a precedent for other landowners in the area who may have similar grievances. As of now, SpaceX has not commented on the lawsuit.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Party Game Company Sues Musk's SpaceX: A $15M Land Dispute That Could Change Everything

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	The post <a href="https://investorplace.com/earning-results/2024/05/eftr-stock-earnings-effector-therapeutics-for-q1-of-2024/">EFTR Stock Earnings: eFFECTOR Therapeutics Meets EPS for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

EFTR Stock Earnings: eFFECTOR Therapeutics Meets EPS for Q1 2024

eFFECTOR Therapeutics GAAP EPS of -$2.16 beats by $0.01

eFFECTOR Therapeutics to wind down operations, expects to be delisted from Nasdaq

The latest update is out from eFFECTOR Therapeutics (EFTR). eFFECTOR Therapeutics, Inc. is in the process of winding down operations, leading to th...

eFFECTOR Therapeutics Initiates Wind-Down and Leadership Change

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to dive into the biggest pre-market stock movers as we check out all of the latest news happening on Wednesday morning!



Moving stocks this morning are patent news, a new investment, proposed public offerings and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Syntec Optics (NASDAQ:<a href="https://investorplace.com/stock-quotes/optx-stock-quote/">OPTX</a>) stock is rocketing more than 248% alongside heavy pre-market trading.</li>



<li>Anew Medical (NASDAQ:<a href="https://investorplace.com/stock-quotes/wena-stock-quote/">WENA</a>) shares are soaring over 75% after <a href="https://www.nasdaq.com/press-release/anew-medical-inc-secures-key-patent-europe-human-klotho-gene-rna-slice-variant-and">securing a key patent in Europe</a>.</li>



<li>Volcon (NASDAQ:<a href="https://investorplace.com/stock-quotes/vlcn-stock-quote/">VLCN</a>) stock is surging more than 36% as it <a href="https://investorplace.com/2024/06/why-is-volcon-vlcn-stock-up-60-today/">continues yesterday&rsquo;s rally</a>.</li>



<li>Rivian Automotive (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>) shares are gaining over 36% on a <a href="https://www.nytimes.com/2024/06/25/business/volkswagen-rivian-vw-investment.html">$5 billion investment</a>.</li>



<li>China Natural Resources (NASDAQ:<a href="https://investorplace.com/stock-quotes/chnr-stock-quote/">CHNR</a>) stock is increasing more than 32% with strong trading this morning.</li>



<li>Savara (NASDAQ:<a href="https://investorplace.com/stock-quotes/svra-stock-quote/">SVRA</a>) shares are rising over 26% on a <a href="https://seekingalpha.com/news/4119362-savara-stock-surges-trial-win-lead-asset?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain">positive clinical trial</a>.</li>



<li>Talphera (NASDAQ:<a href="https://investorplace.com/stock-quotes/tlph-stock-quote/">TLPH</a>) stock is heading more than 21% higher on Wednesday morning.</li>



<li>eFFECTOR Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/eftr-stock-quote/">EFTR</a>) shares are climbing over 18% even as it plans to <a href="https://finance.yahoo.com/news/effector-therapeutics-announces-wind-down-110000717.html">wind down operations</a>.</li>



<li>Golden Matrix (NASDAQ:<a href="https://investorplace.com/stock-quotes/gmgi-stock-quote/">GMGI</a>) stock is jumping more than 15% today.</li>



<li>Faraday Future (NASDAQ:<a href="https://investorplace.com/stock-quotes/ffie-stock-quote/">FFIE</a>) shares are up over 14% <a href="https://investorplace.com/2024/06/faraday-future-stock-shocker-from-ev-maker-to-china-u-s-auto-middleman/">on survival plans</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>NextTrip (NASDAQ:<a href="https://investorplace.com/stock-quotes/ntrp-stock-quote/">NTRP</a>) stock is diving more than 24% without any recent news to report.</li>



<li>GRI Bio (NASDAQ:<a href="https://investorplace.com/stock-quotes/gri-stock-quote/">GRI</a>) shares are tumbling over 15% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318415310&amp;type=PDF&amp;symbol=GRI&amp;cdn=40db9b65c5660c095bf51f08f72c725f&amp;companyName=GRI+Bio+Inc.&amp;formType=S-1%2FA&amp;formDescription=%5BAmend%5D+General+form+for+registration+of+securities+under+the+Securities+Act+of+1933&amp;dateFiled=2024-06-26">proposed public offering</a>.</li>



<li>Taysha Gene Therapies (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsha-stock-quote/">TSHA</a>) stock is taking a 14% beating on <a href="https://www.nasdaq.com/press-release/taysha-gene-therapies-announces-proposed-public-offering-common-stock-and-pre-funded">public offering plans</a>.</li>



<li>Oblong (NASDAQ:<a href="https://investorplace.com/stock-quotes/oblg-stock-quote/">OBLG</a>) shares are sliding more than 12% despite a lack of news this morning.</li>



<li>Hanryu (NASDAQ:<a href="https://investorplace.com/stock-quotes/hryu-stock-quote/">HRYU</a>) stock is decreasing over 11% on Wednesday.</li>



<li>Hamilton Beach Brands (NYSE:<a href="https://investorplace.com/stock-quotes/hbb-stock-quote/">HBB</a>) shares are dropping more than 10% today.</li>



<li>GlycoMimetics (NASDAQ:<a href="https://investorplace.com/stock-quotes/glyc-stock-quote/">GLYC</a>) stock is falling over 10% <a href="https://finance.yahoo.com/news/senior-vp-chief-medical-officer-100744620.html">despite insider buying</a>.</li>



<li>Geovax Labs (NASDAQ:<a href="https://investorplace.com/stock-quotes/govx-stock-quote/">GOVX</a>) shares are slipping more than 9% today.</li>



<li>Concord Medical Services (NYSE:<a href="https://investorplace.com/stock-quotes/ccm-stock-quote/">CCM</a>) stock is dipping over 9% this morning.</li>



<li>DermTech (NASDAQ:<a href="https://investorplace.com/stock-quotes/dmtk-stock-quote/">DMTK</a>) shares close out our pre-market stock movers down more than 9% as they <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318404814&amp;type=PDF&amp;symbol=DMTK&amp;cdn=2f95604b7d0b2db1ef0d52c1cc04ae14&amp;companyName=DermTech+Inc&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-06-20">prepare for delisting tomorrow</a>.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-june-26th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
As the stock market hits new highs in July, investors are riding a wave of optimism, closely tracking climbing indexes. Yet, beneath this bullish surface, some publicly traded companies are becoming bankruptcy risk stocks as they&rsquo;re grappling with the stark reality of financial distress.



Of course, investing in stocks of companies that have filed for bankruptcy carries notable risks. While there are scenarios where strategic asset sales or restructuring might present short-term gains, such investments are often perilous. The likelihood of losing the entire investment is high, as bankruptcy proceedings can leave shareholders with nothing.



In this article, I will present three publicly traded companies that have become bankruptcy risk stocks. Whether these companies failed to adapt to changing times, leading to deteriorating financials, or were crippled by unsustainable debt loads exacerbated by rising interest rates, their investment cases have gone down the drain. Although these stocks might still have some residual value at their current levels, they are best avoided due to the substantial bankruptcy risks involved.



<h2>Chicken Soup for the Soul Entertainment (CSSE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/chicken-soup-csse-stock-1600-300x169.jpg" alt="Chicken Soup for the Soul Entertainment (CSSE) logo displayed on phone, representing CSSE stock"><div>Source: shutterstock.com/rafapress</div></div>Chicken Soup for the Soul Entertainment (NASDAQ:<a href="https://investorplace.com/stock-quotes/csse-stock-quote/">CSSE</a>) operated a diversified entertainment business model, producing, acquiring, and distributing video content via its own streaming platforms and syndication deals. The company leveraged its well-known brand to create inspirational and family-friendly content, aiming to carve a niche in the crowded streaming market.



However, Chicken Soup&rsquo;s strategy faced considerable challenges, leading to its eventual bankruptcy. The company sustained unsustainable losses due to high operational costs and intense competition from major streaming giants. To cover these losses and fund its growth, the company engaged in massively dilutive stock issuances, which deteriorated shareholder value. Its share count leaped from <a href="https://app.koyfin.com/share/4c2477d2e0">11.5 million in 2017 to over 32 million</a> at the end of Q1.



Chicken Soup accumulated a massive debt position, <a href="https://app.koyfin.com/share/b485aa9af0">standing at $579.3 million</a> at the end of Q1, primarily from expansions and acquisitions. This debt became increasingly burdensome as rising interest rates exacerbated the interest expense, further weakening the company&rsquo;s financial health. After failing to pay its employees, Chicken Soup <a href="https://www.nytimes.com/2024/06/30/business/chicken-soup-for-soul-bankruptcy.html">filed for bankruptcy just over a week ago</a>.



<h2>eFFECTOR Therapeutics (EFTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/biotechnology1600-300x169.png" alt="Biotechnology stocks, biomedical stocks"><div>Source: aslysun / Shutterstock.com</div></div>eFFECTOR Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/eftr-stock-quote/">EFTR</a>) was a biotechnology company focused on the development of novel therapies for cancer patients by targeting the process of protein translation. Their innovative approach aimed to disrupt cancer cell growth and proliferation, positioned eFFECTOR as a potential leader in oncology therapeutics.



Despite its somewhat promising scientific foundation, including innovative approaches to disrupt cancer cell growth, the company faced insurmountable challenges that ultimately led to its downfall. In April, eFFECTOR Therapeutics <a href="https://www.clinicaltrialsarena.com/news/effector-shelves-tomivosertib-in-nsclc-following-phase-ii-failure/#:~:text=eFFECTOR%20Therapeutics%20has%20discontinued%20the,NSCLC)%20following%20negative%20topline%20results.">announced</a> its decision to halt the development of Tomivosertib for treating frontline non-small cell lung cancer. This hard decision came after disappointing results from a mid-stage trial, where the therapy failed to meet its endpoints.



This setback affected eFFECTOR&rsquo;s pipeline hugely, as Tomivosertib was a key candidate in its portfolio. Ultimately, no bullish reason to keep eFFECTOR&rsquo;s investment case promising remained, leading to the downfall of its stock price. With expenses continuing to pile up, bankruptcy was inevitable.



<h2>Delta Apparel (DLAPQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/xl-clothing-clothes-dxlg-1600-300x169.jpg" alt="A hand reaches for an article of clothing on a hanger from a rack labeled XL."><div>Source: christinarosepix / Shutterstock.com</div></div>The final company on my list of bankruptcy risk stocks is Delta Apparel (OTCMKTS:<a href="https://investorplace.com/stock-quotes/dlapq-stock-quote/">DLAPQ</a>). A small-cap stock even before its financial distress set in, Delta Apparel was known for manufacturing and selling a wide range of activewear, lifestyle, and outdoor apparel via various brands and distribution channels. Some of its largest customers included Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>), Target (NYSE:<a href="https://investorplace.com/stock-quotes/tgt-stock-quote/">TGT</a>), Nike (NYSE:<a href="https://investorplace.com/stock-quotes/nike-stock-quote/">NIKE</a>).



Despite its established presence in the industry, the company struggled with declining profitability due to intense competition and shifting consumer preferences. As a result, Delta Apparel&rsquo;s revenue growth stagnated, putting pressure on its margins and, hence, bottom line.



Compounding these issues was Delta Apparel&rsquo;s substantial debt position relative to its size, which peaked at <a href="https://app.koyfin.com/share/652c8fc99a">$252.2 million last year</a>. The company went into a rising interest rate environment when servicing this debt became increasingly expensive. Also, instead of deleveraging, Delta Apparel had previously engaged in share repurchases, which further strained its financial flexibility and ability to manage its debt effectively. At $0.07, Delta stock is best avoided despite any potential fluctuations in its favor, as it faces delisting.



On the date of publication, Nikolaos Sismanis did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Nikolaos Sismanis is a professional research analyst with five years of experience in the field of equity research and financial modeling. Nikolaos has authored over 1,000 stock-related articles that focus on uncovering deep value opportunities, identifying growth stocks at reasonable valuations, and shining a spotlight on overlooked international equities.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-publicly-traded-companies-filing-for-bankruptcy-as-july-kicks-off/">3 Publicly Traded Companies Filing for Bankruptcy as July Kicks Off</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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