Short interest for Enea gives investors a sense of the degree to which investors are betting on the decline of Enea's stock. Short interest data is updated every two weeks.

Enea Stock (OTC:ENEAY), Short Interest Report

Enea SA is a Polish energy group involved in the production, transmission, and sale of electricity to homes and businesses. Enea segments its operations into Mining, Generation, Distribution, and Trading. Enea supplies coal as raw material to generate electricity and heat to distribute and trade to customers. Collectively, Enea generates a sizable amount of Poland's total energy production. The majority of the company's revenue is derived from the sale of electricity produced by coal- and gas-fired facilities. The distribution of electricity to business customers and households also represents a significant revenue stream. Enea primarily serves individual consumers, small- and medium-sized companies, and large industrial plants in Poland.

Enea SA

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares increased 30.10% following <a href="https://www.benzinga.com//node/38848026" target="_blank" rel="noreferrer noopener">a rise in the price of Bitcoin</a>.</li>
<li>Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) shares jumped 25.97% following better-than-expected Q1 financial results and a Q2 FY24 <a href="https://www.benzinga.com//node/38844489" target="_blank" rel="noreferrer noopener">revenue guidance above estimates</a>. Several analysts boosted price <a href="https://www.benzinga.com//node/38870880" target="_blank" rel="noreferrer noopener">targets for the company</a>.</li>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) shares soared 15.02% after it reported better-than-expected financial results, and analysts raised <a href="https://www.benzinga.com//node/38848321" target="_blank" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) shares rose 13.99% following a Q1 revenue beat, and Tiger Global increased <a href="https://www.benzinga.com//node/38818138" target="_blank" rel="noreferrer noopener">its stake in the company</a>.</li>
<li>Insulet Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) shares surged 12.81%, even though short-seller Blue Orca Capital announced it had taken a&nbsp;<a href="https://www.benzinga.com//node/38826162" target="_blank" rel="noreferrer noopener">short position in its stock</a>.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares increased 11.69% after the company declared that it is expanding its server portfolio with performance and <a href="https://www.benzinga.com//node/38823833" target="_blank" rel="noreferrer noopener">efficiency upgrades to the Dell PowerEdge</a>. Morgan Stanley raised the <a href="https://www.benzinga.com//node/38852211" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Vodafone Group Plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOD#NASDAQ">VOD</a>) stock upped 10.75% after the company reported<a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">&nbsp;full-year financial results</a>.</li>
<li>Alcon Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) shares increased 9.69% after the company reported mixed Q1 financial results, and <a href="https://www.benzinga.com//node/38841656" target="_blank" rel="noreferrer noopener">analysts boosted their forecasts</a>.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares increased 9.54% following gaining momentum <a href="https://www.benzinga.com/news/24/05/38808523/the-8-silent-billionaires-cashing-in-on-the-ai-boom-besides-nvidias-jensen-huang-and-openais-sam-alt" target="_blank" rel="noreferrer noopener">at the start of the week</a>.</li>
<li>Corebridge Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>) shares rose 5.60% after American International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) reached a deal to sell shares of its stock in the company to <a href="https://www.benzinga.com//node/38874554" target="_blank" rel="noreferrer noopener">Nippon Life Insurance</a>.</li>
</ol>
Read Next: <a href="https://www.benzinga.com/news/24/05/38779419/these-10-large-cap-stocks-shined-brightest-last-week-may-5-may-11-2024-are-they-in-your-portfolio">These 10 Large Cap Stocks Shined Brightest Last Week (May 5-May 11, 2024): Are They In Your Portfolio?</a>

Equities

Large Cap

News

Movers

CRBG

DELL

MNDY

MSTR

ONON

PODD

SMCI

MicroStrategy Was The Best Among These 10 Large-Cap Stocks Scoring Big Last Week (May 12-May 19, 2024): Are They In Your Portfolio?

These&nbsp;10&nbsp;large-cap stocks were the worst performers last week. Are they in your portfolio?
<ol>
<li>NICE Ltd&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) shares tumbled 15.60% after the company reported&nbsp;Q1&nbsp;financial results and issued&nbsp;Q2&nbsp;adjusted revenue&nbsp;guidance&nbsp;<a href="https://www.benzinga.com//node/38866576" target="_blank" rel="noreferrer noopener">with its midpoint below estimates</a>.&nbsp;</li>
<li>Petroleo Brasileiro S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) shares plummeted 13.03% after&nbsp;<a href="https://www.benzinga.com//node/38818917" target="_blank" rel="noreferrer noopener">Q1 sales missed consensus</a>. Also, Brazil&#8217;s President Luiz Inacio Lula da Silva fired CEO&nbsp;Jean Paul&nbsp;Prates following a dispute&nbsp;<a href="https://www.benzinga.com//node/38850433" target="_blank" rel="noreferrer noopener">over the dividends</a>.&nbsp;</li>
<li>Comfort Systems USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock fell 8.37% in the last week.</li>
<li>Li Auto Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) shares fell 7.64%, possibly in reaction to reports that Biden is preparing tariffs on the&nbsp;<a href="https://www.benzinga.com//node/38813115" target="_blank" rel="noreferrer noopener">Chinese EV and solar sectors</a>.&nbsp;</li>
<li>Martin Marietta Materials, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) shares fell 5.23%.</li>
<li>Vulcan Materials Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>)&nbsp;share&nbsp;were down 4.89%.</li>
<li>BioMarin Pharmaceutical Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) shares declined 4.47% after it planned to cut 170 jobs.</li>
<li>New Oriental Education &amp; Technology Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>)&nbsp;<a href="https://www.benzinga.com//node/38866634" target="_blank" rel="noreferrer noopener">shares fell 4.02% last week</a>.</li>
<li>Gold Fields Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) shares decreased 3.10% last week.</li>
<li>Mitsubishi UFJ Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>) shares were down 2.90% after GDP data came in worse than expected.</li>
</ol>
Read Next: <a href="https://www.benzinga.com/news/24/05/38779404/last-weeks-worst-performing-stocks-are-these-10-large-cap-stocks-in-your-portfolio-may-5-may-11-2024">Last Week&#8217;s Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (May 5-May 11, 2024)</a>

BMRN

New Oriental Education & Technology Group

MUFG

NICE

RIVN

Li Auto Was One Of The Worst-Performing Stocks Last Week: Are These 10 Large-Cap Stocks Losers In Your Portfolio? (May 12-May 18, 2024)

The stock market has returned to its winning ways, with the <a href="https://www.benzinga.com/markets/equities/24/05/38902451/wall-street-jumps-back-to-record-highs-dow-hits-40-000-as-inflation-fears-recede-meme-stock-fren">major indices seeing a big lift </a>following a tame inflation report released last week. The continuation of the rally hinges on Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) first-quarter results due on Wednesday. On Friday, a strategist weighed on how the AI frontrunner&#8217;s earnings report will impact the broader market.
What Happened: &#8220;It will be an obvious disappointment and a negative shock if Nvidia &#8230; misses expectation,&#8221; <a href="https://x.com/LastCallCNBC/status/1791609033876517171">said</a> Fund Strat&#8217;s Tom Lee in a CNBC interview. The expectations are lofty, he added.
&#8220;I would think investors are going to be nervous but ultimately it would be, I think, a prelude to a market broadening because investors who own a lot of Nvidia might want to look for other stocks that are starting to show promise,&#8221; Lee said.
On the other hand, if Nvidia beats expectations, it will likely pull money off the sidelines and will likely again propel broadening of the market rally, the analyst said. 
&#8220;There have been other groups starting to participate like, energy, material this week,&#8221; he said.
Lee said he prefers a beat than a miss.
See Also:<a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks"> Best Artificial Intelligence Stocks</a>
Why It&#8217;s Important: Following Wednesday&#8217;s inflation data, the major indices — the tech-heavy Nasdaq Composite, the broader S&amp;P 500 Index and the 30-stock Dow Jones Industrial Average — all closed at all-time highs. They paused in the next session but not before hitting intraday highs. The Dow, a blue-chip average, settled above the 40,000 mark for the first time ever on Friday.
The uptrend is likely to be preserved, primarily due to the prospects of the Federal Reserve beginning to reverse its rate hikes in the second half.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/06/33004757/ai-gold-rush-triggers-onset-of-tech-bull-market-according-to-analyst-4th-industrial">The market rally seen in 2023 and so far this year has been led by tech stocks,</a> with AI being the main theme. Nvidia has been the torchbearer of the rapidly advancing AI revolution. The Jensen Huang-led company supplies high-performance accelerators to power most AI applications, training and inference.
Analysts, on average, expect the company to report earnings of $5.57, notably higher than the year-ago&#8217;s 98 cents per share, and revenue of $24.57 billion compared to $6.52 billion in the same period last year.
Nvidia ended Friday&#8217;s session down 1.99% at $924.79, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data. </a>The stock has added about 87% year-to-date. The SPDR S&amp;P 500 ETF Trust (SPY), an exchange-traded fund that tracks the broader S&amp;P 500 Index, settled Friday up 0.14% at $529.45.
Read Next: <a href="https://www.benzinga.com/money/how-to-buy-nvidia-stock">How To Buy Nvidia (NVDA) Stock</a>
Photo: Shutterstock

Analyst Color

Tech

Media

Trading Ideas

NVDA

Will Nvidia's Earnings Stoke Market Rally Further? Strategist Weighs In: 'I Would Think Investors Are Going To Be Nervous'

Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) upcoming annual shareholder meeting, scheduled for June 13, is crucial as it will decide the fate of CEO Elon Musk&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36861662/jaw-dropper-tesla-analysts-investors-unpack-fallout-from-ceos-55b-pay-plan-collapse">2018 compensation package, which was nullified by a Delaware Chancery court in late January.</a> On Saturday, the billionaire weighed on what is at stake at the annual meeting.
What Happened: A Tesla influencer and investor going by the X handle @Teslaconomics said in a post that Tesla can &#8220;march on forward to become the largest company in the world&#8221; contingent on the following conditions:
<ul>
<li>Musk getting 25% voting power</li>
<li>Tesla being incorporated in Texas</li>
<li>Musk&#8217;s compensation package is approved</li>
</ul>
If these conditions are met, the AI &amp; robotics business will stay &#8220;within Tesla,&#8221; the influencer said.
&#8220;Yes,&#8221; Musk said in reply, concurring with the view.
<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">If Elon gets 25% voting power, Tesla is reincorporated in Texas, and compensation package is approved, then AI &amp; Robotics stays within Tesla and the company can march on forward to become the largest company in the world <a href="https://t.co/YRCFKeHENM">pic.twitter.com/YRCFKeHENM</a>
&mdash; Teslaconomics (@Teslaconomics) <a href="https://twitter.com/Teslaconomics/status/1791970668466315708?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock">Everything You Need to Know About Tesla Stock</a> Why It&#8217;s Important: Incidentally, the influencer&#8217;s view was an echo of what Musk himself said in mid-January. In a post, the Tesla chief said he wouldn&#8217;t be comfortable growing Tesla to be a leader in AI &amp; robotics without a 25% voting control in the company. &#8220;Enough to be influential, but not so much that I can't be overturned,&#8221; he said.</figcaption></figure>
Musk also warned that, if that were not the case, he would prefer to build products outside of Tesla. He also clarified that he wouldn&#8217;t be motivated with just stock ownership. 
&#8220;Fidelity and other own similar stakes to me. Why don't they show up for work?&#8221; he asked.
Meanwhile, in the proxy statement filed with the SEC, Tesla has sought reapproval of Musk&#8217;s compensation package and the shifting of the state of incorporation from Delaware to Texas. Amid criticism over the CEO pay plan, the company has recently intensified efforts to secure shareholder backing for it.
As its core EV business suffers, Tesla has shifted its focus toward the robotaxi business, which rides on the back of the company&#8217;s self-driving software. The robotaxi business and the high-margin revenue stream from the sale of the FSD are seen as near-term life buoys that can lift the company out of the fundamental rut. The company plans to <a href="https://www.benzinga.com/news/24/04/38511333/tesla-ceo-elon-musk-reveals-sentimental-reason-behind-88-robotaxi-unveil-lucky-number-in-china-birth">unveil the robotaxi on Aug. 8.</a>
Tesla ended Friday&#8217;s session up 1.50% at $177.46, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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/24/05/38907618/tesla-sweats-over-approval-of-elon-musks-pay-plan-fords-distress-call-to-suppliers-">Tesla Sweats Over Approval Of Elon Musk&#8217;s Pay Plan, Ford&#8217;s Distress Call To Suppliers, Faraday Future&#8217;s Mouthwatering Rally And More: Biggest EV Stories Of The Week</a>
Photo: Shutterstock

TSLA

Make Tesla Great Again? Elon Musk Concurs With Steps To Transform EV Maker Into Top Global Company

In what could be a good tiding for <a href="https://www.benzinga.com/topic/big-banks">big banks,</a> a report on Sunday indicated that regulators are considering significantly reducing the proposed increase in capital requirements.
What Happened: The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency are working on a plan to bring down the nearly 20% increase in mandated capital increase for the biggest U.S. banks, the Wall Street Journal reported, citing people familiar with the matter.
They &#8220;are still negotiating substantive and technical revisions, and there is no guarantee that a deal will come together. It also could be late this year before any plan is ready,&#8221; the report said.
The rumored development comes after big bank CEOs, led by JPMorgan Chase &amp; Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) Jamie Dimon, lobbied with Fed governors, including Chair Jerome Powell, to alter the capital rules proposed by Michael Barr, the central bank's vice chair for banking supervision.
The bankers tried to exploit the internal disagreement and concern within the seven-member Fed board over the regulatory proposals. 
Dimon, in particular, was scathing in his attack of the proposal, the report said. Calling Barr&#8217;s proposal &#8220;flawed and poorly calibrated,&#8221; he reportedly urged other governors to speak out.
&#8220;What person, in what ivory tower thinks that that is a rational thing to do? I'd like to know what the other governors think,&#8221; he reportedly said at a conference in September. Big bank chiefs met with Powell more than a dozen times between July 2023 and March, while Barr met with them 15 times, the report said, citing the Fed&#8217;s public calendar.
See Also: <a href="https://www.benzinga.com/money/best-bank-stocks">Best Bank Stocks</a>
Biggest Regulatory Fight: The proposed rules are among the final efforts taken by global regulators in an attempt to avert a repeat of the 2008-2009 financial crisis, the Journal said. The intent is two-fold — to boost the resilience of the banking system and to guard against a taxpayer-backed bailout. Additionally, the Fed is eyeing mitigation of other risks, including the potential to lose money from cyberattacks. 
The release of the proposals in July saw one of the biggest regulatory fight in at least a decade, the report said. Big banks lobbied hard and were reportedly supported by a slew of lawmakers and others, including affordable-housing advocates. Their efforts included airing pricey television ads during National Football League games warning of dire economic consequences. 
Goldman Sachs specifically spent millions on its own advocacy campaign. The Financial Services Forum, which represents the eight largest U.S. banks, also asked its members to chip in $2 million apiece on another ad campaign.
One area of dissent amid the negotiations is how banks accounted for the value of their trading positions and other capital-markets activities. While Powell and other Fed officials are for reducing the capital reserves tied to such activities, the other two agencies were reluctant to do so.
If the FDIC and OCC have their way, Fed officials will want to compensate with cuts elsewhere, the report said.
Capital requirements are&nbsp;regulatory standards for banks that determine how much liquid capital they must keep on hand, relative to their overall holdings.&nbsp;
The norms for banks with $100 billion or more in total consolidated assets is:
<ul>
<li>Minimum common equity tier 1 capital ratio requirement of 4.5% </li>
<li>Stress capital buffer requirement determined from the supervisory stress test results of least 2.5% </li>
<li>If applicable, a capital surcharge of 1% for global systemically important banks</li>
</ul>
Higher capital norms limit the ability of the bank to lend or invest and increase the cost of funds for banks. On the other hand, in the eventuality of a distressing situation, these reserves come in handy to keep them afloat.
The Themes Global Systemically Important Banks ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIB#NASDAQ">GSIB</a>) ended Friday&#8217;s session up 0.65% at $30.33, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/markets/equities/23/10/35108517/jpmorgan-ramps-up-securitization-ahead-of-anticipated-capital-requirements">JPMorgan Ramps Up Securitization Ahead Of Anticipated Capital Requirements</a>
Photo: Shutterstock

GSIB

Jamie Dimon's Lobbying Pays Off? Report Says Regulators Contemplate Significant Reduction In Proposed Capital Norms Increase For Big Banks

The future of the Donald Trump hush-money trial is largely dependent on one key piece of evidence: People&#39;s Exhibit 35, a document that both the prosecution and <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">defense are using to build their respective cases.</a>
What Happened: People&#39;s Exhibit 35 is a one-page bank statement from October 2016 for &quot;Essential Consultants,&quot; an LLC managed by Michael Cohen, a crucial prosecution witness.
The statement reveals that Cohen transferred $130,000 of his funds to a lawyer representing adult film actress Stormy Daniels just 11 days before the 2016 election. This payment is the hush money at the heart of the trial, according <a href="https://www.businessinsider.com/donald-trump-hush-money-trial-case-evidence-michael-cohen-payment-2024-5">to</a> Business Insider.&nbsp;
The document also indicates that Trump&#39;s former chief financial officer, Allen Weisselberg, calculated the amount owed to Cohen.
This sum was allegedly illegally doubled to account for income taxes and then allegedly illegally reimbursed.
The defense maintains that Trump was too preoccupied with running the country in 2017 to have been involved in the year&#39;s worth of bogus &quot;retainer&quot; reimbursement checks to Cohen, Business Insider noted.&nbsp;
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37574250/millions-of-americans-are-considering-a-mass-exodus-if-donald-trump-wins-again-says-report" target="_blank">Millions Of Americans Are Considering A Mass Exodus If Donald Trump Wins Again, Says Report</a>
To link Trump to the alleged scheme, the jury must trust Cohen, who claimed that he and Weisselberg presented this document to Trump&#39;s office in mid-January 2017, the outlet added.&nbsp;
The defense has disputed&nbsp;that this meeting took place and has asserted&nbsp;that Cohen and Weisselberg are solely responsible for any falsified documents.
Why It Matters: This trial, which began on April 15, is Trump&#39;s first encounter with criminal proceedings, with allegations centered on a <a href="http://www.benzinga.com/news/24/04/38131688/donald-trumps-legal-team-again-argues-for-judges-recusal-in-high-profile-hush-money-case">2016 payment made to silence Daniels</a>. Trump&#39;s legal team had previously obtained over 30,000 emails aimed at undermining Cohen&#39;s credibility in the <a href="http://www.benzinga.com/news/24/03/37768666/donald-trump-outmaneuvered-manhattan-da-by-gaining-access-to-michael-cohens-emails-heres-what-will-h">trial by appealing directly to federal authorities</a>. Furthermore, Cohen accused Trump of attempting to incite his supporters to harass and intimidate legal figures involved <a href="http://www.benzinga.com/news/24/03/38012844/amid-donald-trumps-attacks-on-judges-and-prosecutors-michael-cohen-says-ex-president-is-trying-to-fu">in his trials by publicly criticizing them</a>.
The trial is set to continue with closing arguments expected next week. If convicted of felony falsification of business records, Trump could face a prison sentence of up to&nbsp;four years.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/03/37574720/despite-lead-over-joe-biden-donald-trump-is-falling-behind-in-one-respect-when-it-comes-to-battlegro" target="_blank">Despite Lead Over Joe Biden, Donald Trump Is Falling Behind In One Respect When It Comes To Battleground States</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="color:#0563c1; text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Politics

General

This Important Evidence Could Determine Donald Trump's Fate In His Hush-Money Trial

Cannabis plants interspersed with thousands of tulips all sprung up together in the garden in front of Wisconsin's state capitol building to the surprise, or delight, of many passersby. Authorities say it was not the result of someone haphazardly tossing a few weed seeds into the colorful tulip patch, which is a popular spring tourist attraction.
More than 25,000 tulips spectacularly spring to life, en masse, in the gardens surrounding&nbsp;the Wisconsin state Capitol.
Tatyana Warrick, a spokeswoman for the Wisconsin Department of Administration, told The Associated Press in an email Friday that workers removed the cannabis plants but that she and her agency couldn&#8217;t quite figure out if they were marijuana or hemp.
Botanist Weighs In
University of Wisconsin-Madison botanist Shelby Ellison, who examined the plants before they were removed, told local TV station <a href="https://www.wmtv15news.com/2024/05/17/cannabis-spotted-near-wisconsin-state-capitol/?utm_source=lakelandtoday.ca&amp;utm_campaign=lakelandtoday.ca%3A%20outbound&amp;utm_medium=referral">WMTV</a> that they were cannabis plants. But then <a href="https://www.lakelandtoday.ca/world-news/up-in-smoke-workers-remove-dozens-of-apparent-marijuana-plants-from-wisconsin-capitol-tulip-garden-8765049">she told AP</a> that she couldn&#8217;t say for certain whether they were marijuana or hemp. Hemp and marijuana are the same plant, with a major difference being that hemp is a mixture of male and female cannabis plants and its flowers produce less than 0.3% THC. Hemp plants also tend to be taller and contain more fiber in their stalks.
But Ellison did confirm the obvious: someone planted them intentionally. "It was just a large number of plants for it to be anything accidental," she said. 
NIH Weighs In
Naturally, the weed plants were all ripped out and destroyed. Interestingly, a <a href="https://pubmed.ncbi.nlm.nih.gov/34362475/#:~:text=Indoor%20cannabis%20cultivation%20is%20energy,absorb%20and%20store%20heavy%20metals.">National Institutes of Health</a> (NIH) study concluded several years ago that cannabis cultivation can directly contribute to soil erosion and has the ability to absorb and store heavy metals.
But, alas, Wisconsin is among the <a href="https://www.benzinga.com/markets/cannabis/24/05/38679143/ho-chunk-nation-decriminalizes-cannabis-on-its-land-in-wisconsin-viewed-as-an-island-of-prohibit">very few U.S. states</a> where cannabis remains illegal in all forms, though Gov. Tony Evers (D) has been a <a href="https://www.benzinga.com/markets/cannabis/24/01/36514923/wisconsin-gov-evers-will-support-the-gops-limited-medical-marijuana-proposal-as-long-as-its-reas">vocal advocate</a> of legalizing medical and adult-use marijuana. Assembly Republicans introduced a bill in the last session that would have legalized medical marijuana, but they couldn&#8217;t gather enough support for the measure to even get a hearing.
Photo courtesy of Wisconsin state capitol

Cannabis

Government

Tiptoe Through The 25,000 Tulips, But Watch Out For Cannabis Plants In Wisconsin's Capitol Building Garden

The campaign for President Joe Biden has declined two additional debates proposed <a href="https://www.benzinga.com/news/24/04/38240111/unlike-his-behavior-in-e-jean-carroll-case-donald-trump-is-going-to-have-sit-there-in-upcoming-crimi">by the campaign for former President Donald Trump.</a>
What Happened: The Biden campaign rejected the proposed debates on Friday. The debates were to be hosted by NBC News and Telemundo, and Fox News at Virginia State University, respectively.
Trump had accepted the debates, aiming to reach larger Latino and Black audiences. This move was perceived as a challenge to the Biden campaign, which has been&nbsp;struggling to connect with the&nbsp;communities, <a href="https://www.nbcnews.com/politics/2024-election/biden-rejects-debates-trump-nbc-telemundo-fox-news-rcna152860">reported&nbsp;</a>NBC News.&nbsp;
A Biden campaign official stated, &quot;The debate about debates is over. No more games.&rdquo;
The Trump campaign criticized Biden&#39;s decision, alleging that Biden&#39;s team was afraid to let the president&nbsp;defend his record.
&quot;The Telemundo/NBC debate would be widely watched by Hispanic voters, but Biden&rsquo;s handlers are petrified to allow him to defend his disastrous record,&quot; Danielle Alvarez, a&nbsp;campaign spokeswoman, said. &quot;Crooked Joe Biden is too &#39;cobarde&#39; to address the Hispanic community and answer for his failures on the debate stage!&quot; Earlier this week, the Trump and Biden campaigns bypassed the traditional process run by the Commission on Presidential Debates and agreed to two presidential debates.
CNN will host one in Atlanta on June 27 and&nbsp;ABC News will host another on Sept. 10, the location of which has yet to be determined.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/05/38909495/ivanka-trump-could-back-in-the-political-limelight-as-donald-trumps-influence-grows-report">Ivanka Trump Could Back In The Political Limelight As Donald Trump&#39;s Influence Grows: Report</a>
The Biden campaign also accepted an offer for a vice presidential debate hosted by CBS News, but the Trump campaign has not yet confirmed its participation.
Why It Matters: This development follows a series of events that have shaped the current political landscape. Trump had made an unusual demand, insisting that <a href="http://www.benzinga.com/news/24/05/38907865/donald-trump-issues-eyebrow-raising-demand-ahead-of-proposed-debates-with-joe-biden-i-just-wanna-deb">Biden undergo a drug test</a>&nbsp;ahead of their debates scheduled for June and September. The former president claimed that Biden was under the influence of drugs during his State of the Union address in March.
Furthermore, <a href="http://www.benzinga.com/news/24/03/37937751/trump-vs-biden-one-candidate-gains-ground-in-swing-states-shakes-up-election-race">Biden has&nbsp;been gaining ground against Trump</a> in six pivotal swing states, marking a significant shift in the electoral landscape. This surge for Biden emerged after five months during which Trump consistently led. The momentum shift started following a State of the Union address that not only unified Democrats but also alleviated some concerns regarding Biden&rsquo;s age.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/02/37299651/trump-vs-biden-poll-shows-one-candidate-holding-slim-advantage-over-another-in-hypothetical-matchup" target="_blank">Trump Vs. Biden: Poll Shows One Candidate Holding Slim Advantage Over Another In Hypothetical Matchup</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="color:#0563c1; text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Biden's Campaign Shuts Down Trump's Challenge For Additional Debates: 'The Debate About Debates Is Over, No More Games'

With the start of a new week comes the excitement surrounding a new set of companies looking to make an impact through their public offerings. <a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a>, these enticing companies are scheduled to trade publicly this week.
<ul>
<li>Bowhead Specialty Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOW#NYSE">BOW</a>) becomes publicly listed starting on May 23, 2024. The company has a price range set between $14.00 and $16.00 with a 180-day lockup period. Bowhead Specialty Holdings Inc will be offering 6,667,000&nbsp;shares at a per-share value of $15.00.</li>
<li>Kayne Anderson BDC, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBDC#NYSE">KBDC</a>) will be trading publicly starting on May 22, 2024. Kayne Anderson BDC, Inc will be offering 6,000,000&nbsp;shares at a per-share value of $16.63 with an insider lock-up period of 180 days.</li>
</ul>
<h3>Breaking Down IPOs</h3>
Initial public offerings, or IPOs, are the transitional processes of private companies deciding to go public and offer shares to investors on exchanges. IPOs typically offer companies the ability to build capital by distributing shares across the market. A company interested in becoming publicly tradeable must first meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other important data points before the offering.
Companies and investment banks will work to establish a price range that the stock is expected to sell between. This is known as an offering range. Once a company goes public, its stock comes with an opening price. The insider lock-up period is usually a set number of days after an IPO where company insiders, or employees with a 10% or higher stake in their company, cannot sell shares.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

IPOs

KBDC

A Look At Upcoming IPOs For The Week

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is currently going through harrowing times, dealing with an <a href="https://www.benzinga.com/news/24/04/38257532/tesla-stock-tumbles-as-category-5-demand-storm-persists-whats-going-on">inclement economic environment and rising competition.</a> Amid these trying times, CEO Elon Musk on Saturday lamented about &#8220;naysayers&#8221; who wished that the company go down.
What Happened: A Tesla investor shared his grievance regarding so much hate toward the electric vehicle maker. &#8220;The number of people that wish $TSLA (a US company) to go bankrupt and would rather see BYD (a Chinese company) thrive and win is concerning, absurded, and backwards,&#8221; the investor said on X, formerly Twiter.
He also noted that China wants Tesla to succeed, referring to the company&#8217;s success in China despite strong domestic competition and the country&#8217;s recent favorable stance towards the rollout of Tesla&#8217;s full self-driving technology.
Reacting to the comment, Musk said, &#8220;The Tesla naysayers are loud, but are rare outside of hedge fund short sellers and far left activists. And, of course, our amazing President.&#8221;
<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">The Tesla naysayers are loud, but are rare outside of hedge fund short sellers and far left activists. And, of course, our amazing President &#x1f60d;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1791917896991678640?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock">Everything You Need To Know About Tesla Stock</a>
Why It&#8217;s Important: Musk and Biden have not shared a cordial relationship, with the president repeatedly snubbing the latter at electric vehicle summits organized by the White House. Biden, while applauding General Motors and Ford, has never openly acknowledged Tesla's role in spearheading the EV revolution in the U.S.
That said, the <a href="https://www.benzinga.com/markets/asia/24/05/38824198/biden-announces-massive-tariffs-on-chinese-imports-to-protect-us-industries-clean-energy-solar-stock">Biden administration recently announced 100% tariffs on Chinese EV imports</a> even as companies from the Asian nation have been striving to get around the import curbs by setting up shop in Mexico.
The billionaire, on his part, has been very vocal in criticizing the president for his lack of mental acuity. In a separate post on Sunday, he took a swipe at the president for reading off a teleprompter. When one of his followers shared a video clip of the president&#8217;s speech, Musk said, &#8220;Whoever controls the teleprompter is the real president.&#8221;
<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">Whoever controls the teleprompter is the real president
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1791916305651794215?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Musk has also criticized the president&#8217;s immigration policy and has been open about his right-leaning political views.</figcaption></figure>
Tesla&#8217;s flailing fundamentals and the management&#8217;s strategic decisions have earned it the displeasure of even bulls such as Future Fund&#8217;s Gary Black. The company has a great test coming up as shareholders are due to vote on reapproving Musk&#8217;s 2018 compensation plan, which legal experts believe may have to pass unanimously, given it is pay for past work.
Tesla ended Friday&#8217;s session up 1.50% at $177.46, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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/24/05/38907618/tesla-sweats-over-approval-of-elon-musks-pay-plan-fords-distress-call-to-suppliers-">Tesla Sweats Over Approval Of Elon Musk&#8217;s Pay Plan, Ford&#8217;s Distress Call To Suppliers, Faraday Future&#8217;s Mouthwatering Rally And More: Biggest EV Stories Of The Week</a>
Photo: Shutterstock

Elon Musk Counts 'Amazing' President Joe Biden Among Tesla 'Naysayers' Who Wish To See The EV Maker Go Bankrupt

Markets

Rescheduling Marijuana: How DOJ's Action Could Transform The Industry

In a significant milestone for space tourism, Blue Origin, the space venture of Jeff Bezos, has successfully launched <a href="https://www.benzinga.com/general/space/24/04/38225436/bezos-space-company-announces-new-astronauts-for-blue-origins-7th-crewed-flight-who-are-the-lucky-6">its first crew to suborbital space since 2022</a>. The crew included the oldest person and the first U.S. Black astronaut candidate from the 1960s.
What Happened: As per Reuters, the six-person crew was launched from West Texas on Sunday, marking the revival of Blue Origin&#39;s space tourism operations. Among the crew members was Ed Dwight, who at 90 years and eight months, set the record for the oldest person to travel to space.
The launch took place from Blue Origin&#39;s facilities near Van Horn, Texas. The rocket separated from the capsule, which then ascended to 65.7 miles (105.7 km) beyond Earth&#39;s atmosphere. The booster returned to land as planned, and the capsule descended back to Earth under parachutes after a mission lasting roughly 10 minutes.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38891429/china-slams-rival-nations-amid-espionage-attempts-in-space-sector-spare-no-effort-to-contain-and-sup">China Slams Rival Nations Amid Espionage Attempts In Space Sector: &#39;Spare No Effort To Contain And Suppress Us&#39;</a>
Ed Dwight was the first Black astronaut candidate selected by former U.S. President John Kennedy in 1961. Despite this, he had never flown to space until now. &quot;I am ecstatic,&quot; Dwight said upon landing.
Why It Matters: Blue Origin&#39;s New Shepard rocket had been grounded since a mid-flight failure in September 2022. The company implemented 21 corrective actions, including an engine redesign and organizational changes, before resuming flights. These changes were overseen by the U.S. Federal Aviation Administration.
Under the leadership of new CEO, Dave Limp, who was appointed last year, Blue Origin has prioritized resuming New Shepard&#39;s routine missions. The company also plans to debut its larger rocket, New Glenn, by the end of this year, further expanding its space tourism operations.
Read Next:<a href="https://www.benzinga.com/news/24/05/38865498/jeff-bezos-owned-blue-origin-to-resume-space-tourism-flights-after-nearly-2-year-long-hiatus">&nbsp;Jeff Bezos-Owned Blue Origin To Resume Space Tourism Flights After Nearly 2-Year Long Hiatus</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

SPACE

90-Year-Old Breaks Record As Oldest Astronaut With Blue Origin's Launch

Former President Donald Trump sparked speculation about a potential third term in office during his address at the National Rifle Association&#39;s (NRA) <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">annual meeting on Saturday.</a>
What Happened: Trump alluded to a possible third-term presidency, drawing parallels to Franklin D. Roosevelt&#39;s four-term stint. The audience approved of Trump&#39;s suggestion.
Trump&nbsp;previously flirted with prolonging his tenure in the White House during his 2020 campaign. Nonetheless, he opposed contesting the 22nd Amendment, which forbids a third-term presidency.
Trump&#39;s discourse at the NRA gathering encompassed a variety of subjects, including gun rights, immigration, foreign policy, the economy, and abortion.
He also targeted Robert F. Kennedy Jr. and maintained his attacks&nbsp;on President Joe Biden.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/05/38909495/ivanka-trump-could-back-in-the-political-limelight-as-donald-trumps-influence-grows-report">Ivanka Trump Could Back In The Political Limelight As Donald Trump&#39;s Influence Grows: Report</a>
Trump&#39;s address coincides with his ongoing criminal trial in New York, with closing statements anticipated next week.
Trump used the platform to express his dissatisfaction with the indictments and Justice Juan Merchan&#39;s gag order.
Despite the legal hurdles confronting both Trump and the NRA, the organization has endorsed Trump for the 2024 presidential race. Trump implored gun owners to vote in November to secure his victory.
Trump also denounced&nbsp;Biden&#39;s limitations on gun ownership and pledged to overturn the gun safety measures implemented by his administration.
As Trump took center stage at the event, the NRA&#39;s endorsement and its significance in this political cycle are increasingly unclear.
The organization has been plagued with scandals, internal power struggles, and lawsuits that have depleted its funds, raising doubts about its ability to support Trump, especially as&nbsp;his campaign funds trail Biden&#39;s.
Why It Matters: Trump&#39;s campaign has been grappling with financial challenges, as it struggles to match<a href="http://www.benzinga.com/news/24/05/38908248/donald-trumps-campaign-is-spending-just-as-quickly-as-its-raising-money-raising-serious-concerns-in">&nbsp;Biden&#39;s robust financial standing</a>.
Despite raising considerable funds, Trump&#39;s campaign has been spending almost as fast, leaving him at a significant cash disadvantage against Biden.
Furthermore, Trump and House Speaker Mike Johnson have been pushing for a bill to prevent non-citizens from voting, a move that seems more aimed at election security posturing and critiquing the&nbsp;Biden&nbsp;administration&#39;s border policies than addressing <a href="http://www.benzinga.com/news/24/04/38238164/donald-trump-and-mike-johnson-are-pushing-for-a-bill-to-ban-non-citizens-from-voting-despite-an-exis">any genuine electoral integrity concern</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38908248/donald-trumps-campaign-is-spending-just-as-quickly-as-its-raising-money-raising-serious-concerns-in">Donald Trump&#39;s Campaign Is Spending Just As Quickly As It&#39;s Raising Money, Raising Serious Concerns In Lead-Up To Election</a>
Photo: Shutterstock

Donald Trump For Third Term? Ex-President Floats Controversial Idea At NRA Convention

The Israeli military has intensified its strikes across the Gaza Strip, coinciding with a visit from White House National Security Adviser Jake Sullivan&nbsp;to <a href="https://www.benzinga.com/news/23/10/35136071/israel-under-siege-unprecedented-hamas-attack-sparks-intense-clashes-netanyahu-says-we-are-at-war">Israeli Prime Minister Benjamin Netanyahu</a>&nbsp;on Sunday.&nbsp;
What Happened: Israeli planes and tanks have been targeting various locations in Gaza. This escalation comes as Sullivan is anticipated to persuade Israel to concentrate its military efforts on Hamas militants rather than initiating a full-scale attack on the southern Gaza city of Rafah, reported Reuters.&nbsp;
Israel has been pushing into Rafah, seen as the last bastion of Hamas forces. This has led to hundreds of thousands of Palestinians fleeing the area.
Israeli forces have also ventured deeper into the narrow lanes of Jabalia in northern Gaza, an area they claim to have cleared earlier in the conflict.
Before Sunday&#39;s discussions, an Israeli official revealed that Netanyahu and his senior aides would discuss with Sullivan the necessity to continue the Rafah push, citing concerns about dozens of tunnels under Rafah allegedly used by Hamas for weapons and ammunition supply.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/03/37864583/netanyahu-tells-us-republicans-gaza-war-will-continue-days-after-schumers-speech">Netanyahu Tells US Republicans Gaza War Will Continue, Days After Schumer&#39;s Speech</a>
Amid the escalating conflict, at least 28 Palestinians were killed on Sunday, according to Gaza health officials and Hamas.
The Gaza Civil Emergency Service reported that rescue teams have so far recovered the bodies of 150 Palestinians killed by the army in recent days.
Why It Matters: This escalation follows the <a href="https://www.benzinga.com/news/24/05/38701426/us-paused-israels-weapons-shipment-to-prevent-escalating-rafah-tensions-report">U.S. decision</a> to pause a weapons shipment to Israel earlier this month, in an attempt to prevent a full-scale Israeli assault on Rafah.
This move was seen as a response to growing concerns over potential Israeli military action in Rafah.
However, the <a href="https://www.benzinga.com/news/24/05/38891210/gop-led-house-passes-bill-to-force-biden-to-send-arms-to-israel-amid-war-with-hamas">GOP-led House</a> recently passed a bill to expedite weapons shipment to Israel, countering President Joe Biden&#39;s delay. Despite its passage, the act is not expected to become law.&nbsp;
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/10/35138138/how-the-israel-hamas-conflict-could-impact-oil-markets">How The Israel-Hamas Conflict Could Impact Oil Markets</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="color:#0563c1; text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Israel Intensifies Gaza Strikes, Killing At Least 28 Palestinians, As US Envoy Meets With Netanyahu To Prevent Full-Scale Assault

Meme coins, with their wild price swings and internet-fueled frenzy, have become <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38767596/decoding-donald-trumps-crypto-gambit">a land of opportunity</a> for some cryptocurrency traders. 
Millionaire trader Unipcs, also known as the &#8216;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38843588/millionaire-trader-up-7-figures-in-48-hours-on-gamestop-and-amc-meme-coins-on-solana">Bonk Guy</a>&#8216;, is a shining example, having amassed significant wealth by riding the surges of these digital assets.
In an interview with Benzinga, Bonk Guy offered a rare glimpse into his strategies and insights on the meme coin market, shedding light on the world of high-risk, high-reward crypto investing.
Early Recognition And Pattern Hunting
His foray into meme coins predates the rise of popular names like Bonk and Wif. &#8220;I&#8217;ve been trading meme coins for a very long time,&#8221; he says, &#8220;and prior to Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>) and Wif (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) existing.&#8221;
He credits the 2021 Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) surge and the retail investor movement on WallStreetBets for sparking his interest. 
&#8220;Seeing all the retail buzz around the GME (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">GME</a>) short squeeze, the WSB memecoin mania, and the resulting Dogecoin explosion made something click in me,&#8221; Bonk Guy explains.
He soon noticed a pattern with meme coins and was able to predict which ones were likely to explode, allowing him to invest strategically.
The Power Of Community And Liquidity
Bonk Guy emphasizes the crucial role strong community backing plays in a meme coin&#8217;s success. &#8220;I make sure there is a strong community because meme coins thrive on strong community,&#8221; he states.
He thrives on projects with &#8220;retarded cult-like believers who think their meme coins will flip Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), go to 100 billion dollars market cap, and cure world hunger,&#8221; he says with a touch of amusement. 
&#8220;The more irrational their passion for their meme coins, the better,&#8221; he adds. 
According to Unipics, this fervent loyalty is crucial for propelling a meme coin towards significant price increases.
Liquidity is another key factor. 
While meme coins offer the potential for explosive growth, they require sufficient trading volume to be readily convertible into cash. 
&#8220;Eventually, for any meme coin to go mainstream it needs liquidity,&#8221; Unipics explains. &#8220;So, I also pay attention to volume and CEX listings over time.&#8221;
The Bonk Bet: A Case Study In Meme Coin Mania
Unipics&#8217; sizable investment in Bonk, a Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) based meme coin, serves as a prime example of his approach. 
While initially skeptical, he was swayed by a combination of factors: the influence of a respected crypto analyst, Bonk&#8217;s status as the leading meme coin on Solana, and the potential for Solana&#8217;s own price appreciation. 
Diamond Hands: Riding The Rollercoaster
Meme coin trading is a wild ride, and Unipics acknowledges the emotional toll it can take. 
He advocates for a &#8220;moon or bust&#8221; mentality, where investors write off their holdings and focus solely on reaching their target profit or accepting a complete loss. 
&#8220;Once I buy an asset, I just write it off in my mind,&#8221; he explains. 
&#8220;I&#8217;m not moved or fazed if it goes to zero. I simply give myself a target and hold until it reaches my target or goes to zero. Nothing else matters.&#8221; 
This approach, he argues, allows for a more detached and less stressful trading experience.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38878472/before-you-trust-another-crypto-guru-read-this-studys-results">Before You Trust Another Crypto Guru, Read This Study&#8217;s Results</a>
Looking Ahead: Bonk, Floki, And Beyond
Bonk Guy remains bullish on Bonk, citing its association with Solana and the potential for further growth.
&#8220;I&#8217;m obviously very bullish on Bonk for reasons I already listed,&#8221; he says. 
&#8220;I&#8217;m the &#8216;bonk guy&#8217; for a reason.&#8221; 
He also highlights Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>), another meme coin with a strong track record, as an underrated gem. 
&#8220;Besides Bonk, I&#8217;m very excited about Floki,&#8221; he reveals. &#8220;It is my biggest memecoin bag, and I think it is currently the most underrated major memecoin.
While Floki launched in 2021, it has outperformed every other major memecoin including PEPE (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), DOGE, except WIF, this year. 
&#8220;Yet barely anyone talks about it on CT [Crypto Twitter]. I think it will <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38794260/arthur-hayes-major-economies-to-print-even-more-money-in-the-next-24-months">surprise many this year</a>,&#8221; he predicts.
He also expressed interest in smaller cap meme coins like Lmeow on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Linda on Linea chain.
For those looking to make substantial profits from meme coins, he advises paying attention to his previous strategies and maintaining a strong, patient mindset.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38853012/crypto-traders-as-socially-valuable-as-escorts-to-brits-study-finds">Crypto Traders As Socially Valuable As Escorts To Brits, Study Finds</a>
Image created using artificial intelligence with Midjourney.

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

Cryptocurrency

$BONK

$BTC

$DOGE

$ETH

$FLOKI

$GME

$PEPE

$SHIB

$SOL

$WIF

'The Dogecoin Explosion Made Something Click In Me:' Veteran Trader Shares Secrets To Turning Pennies Into Millions With Meme Coins

A helicopter carrying Iranian President Ebrahim Raisi and his foreign minister&nbsp;Hossein Amirabdollahian&nbsp;crashed on Sunday.
What Happened: The helicopter crashed while navigating through mountainous terrain in heavy fog. The aircraft was on its way back from a visit to the border with Azerbaijan, reported&nbsp;Reuters.&nbsp;
Reuters quoted officials saying that the lives of&nbsp;Raisi and Amirabdollahian are reportedly &quot;at risk following the helicopter crash.&quot;
&quot;We are still hopeful but information coming from the crash site is very concerning,&quot; Reuters quoted the official, speaking anonymously.
Adverse weather conditions are said to be hampering rescue operations. State television&nbsp;has paused its regular broadcasts to air prayers for Raisi across the nation and live coverage of rescue teams searching the mountainous crash site on foot in the thick fog, added the outlet.&nbsp;
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38240360/what-a-full-blown-war-between-israel-and-iran-could-entail-according-to-one-report">What A Full-Blown War Between Israel And Iran Could Entail, According To One Report</a>
Interior Minister Ahmed Vahidi confirmed to state television&nbsp;that one of the three helicopters in the convoy had a hard landing, with more details to follow.&nbsp;Raisi was returning from the Azerbaijani border, where he had inaugurated the Qiz-Qalaisi Dam, a joint project.
Why It Matters: Given the high-profile nature of the passengers on board, the incident has caused a stir in the international community.
The potential implications of this accident could be far-reaching, affecting Iran&#39;s internal affairs and diplomatic relations.
The inauguration of the Qiz-Qalaisi Dam, a joint project with Azerbaijan, signifies the importance of the visit, and the incident could potentially impact future collaborations.
Now Read:&nbsp;<a href="http://emaillink.benzinga.com/ls/click?upn=u001.3FxiOxu2VJzSK929J2kTqTdLEt-2BIx-2FHl7lzL1rMLh9nggkIcmBEiSDBo9J8vUDk5IIJ5P2398LH6I95LtwY4jShr0w3nHHwqVPXEip26l62zPz-2BzqmGhPy2N0lK2qoz7fv9J-2FgGb-2Bn8L82vH4UwDiIa1TXgrnrfR0tV6nQRB7uE9TdZ6P-2FLf81yXXYhnaUer6zu1RSekRTyK4JozjCbRBB6V77Rx64SdKIeSxRKcyIZQXYIDQxsMU2t3vU-2BBQjglP66qEs7-2F05TIPj0JGoS6sdADD9oDmubjwrqRffPmcbA-3DFP4n_cgm2JnRt-2FP8vSMnuJoZ2sYFmM2As7BbeApT-2FGB0aH4VhcsiVX0BOBLrhudp6CfNVZY-2B-2Bb2iEKMObz62REWzdDKN8RZoPpdLvoaR6qWYo8zUgwX5XD7Le6J5tRDEvbyfYLMmc1EPJQhBvdgtGDV0LoD1cGlChjC0G-2BcSmBuErP152VNM19fAcEXId1kjYAaarjwqZpvFaTh6YRa-2Fx68jsvt9Trh5-2F8KuvEWQs67-2F15-2FVcsixBvWROtalRjVK89heSnr4PycKhIvIdqNIEnzWKoMAvck9KDO05HayGC7ekD-2BA-3D" target="_blank">Crypto Markets Tumble Following Iran&#39;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="color:#0563c1; text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Iranian President's Helicopter Crashes In Mountainous Terrain, Official Says Leader's Life 'At Risk'

U.S. authorities have privately alerted telecom companies about the potential susceptibility of undersea internet cables in the Pacific Ocean to<a href="https://www.benzinga.com/markets/asia/23/06/32890534/xi-jinping-meets-american-friend-bill-gates-as-chinese-leader-expresses-hope-for-sino-us-relations"> meddling by Chinese repair ships</a>.
What Happened: U.S. State Department officials have raised concerns regarding S.B. Submarine Systems, a state-controlled Chinese firm involved in the repair of international cables.
The company&#39;s ships allegedly hide their locations from radio and satellite tracking services, an action that officials find puzzling, <a href="https://www.wsj.com/politics/national-security/china-internet-cables-repair-ships-93fd6320?mod=hp_lead_pos7">reported&nbsp;</a>The Wall Street Journal.&nbsp;
This warning highlights a previously overlooked security risk to undersea fiber-optic cables. Tech giants such as Google&nbsp;and Meta Platforms, who co-own many cables, depend on specialized construction and repair companies for maintenance.
Some of these firms, including those with foreign ownership, are feared to threaten the security of commercial and military data.
The Biden administration&#39;s focus on these repair ships is part of a broader effort to address China&#39;s maritime activities in the western Pacific.
U.S. officials have conveyed their concerns about potential threats to the security of U.S.-owned cables by Chinese companies to entities including Google and Meta.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/07/33106745/us-set-to-restrict-chinas-access-to-cloud-computing-services-from-amazon-microsoft">US Set To Restrict China&#39;s Access To Cloud Computing Services From Amazon, Microsoft</a>
The National Security Council stressed the importance of trusted entities in maintaining and repairing undersea cables transparently and safely.
The administration, however, declined to comment on SBSS. Google and Meta also refused to comment on concerns related to SBSS.
Despite the gaps in the company&#39;s ship-location data, some suggest that these could be due to inconsistent satellite coverage rather than an attempt to hide their positions.
The ships, named the Fu Hai, Fu Tai&nbsp;and Bold Maverick, have periodically disappeared from satellite ship-tracking services while operating off Taiwan, Indonesia&nbsp;and other Asian coastal locations.
Why It Matters: A growing threat is already<a href="http://www.benzinga.com/news/24/05/38632421/chinas-growing-missile-arsenal-is-putting-us-officials-on-edge">&nbsp;posed by China&#39;s</a> rapidly expanding Rocket Force to American bases and warships in the Pacific.
Last year, U.S. intelligence officials <a href="http://www.benzinga.com/news/23/07/33088668/us-spies-sound-alarm-on-risks-of-engaging-in-business-with-china">issued warnings to American companies doing business in China</a>, emphasizing the imminent implementation of an updated counterespionage law in the country.
These events underscore the increasing concern among US officials about China&#39;s activities in the Pacific and their potential impact on US security.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38430009/xi-jinping-calls-for-chinese-army-to-focus-on-the-battlefield-during-visit-to-military-medical-unive?itm_source=parsely-api" rel="noreferrer noopener" target="_blank">Xi Jinping Calls For Chinese Army To &lsquo;Focus On The Battlefield&rsquo; During Visit To Military Medical University</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Possible Espionage Threat? US Officials Warn Of Chinese Interference With Undersea Internet Cables In Pacific

Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is contending with one of the biggest challenges during <a href="https://www.benzinga.com/markets/equities/24/05/38779577/who-would-replace-tim-cook-at-apple-gurman-weighs-in-on-broader-succession-challenges-at-the-tec">CEO Tim Cook</a>&#8216;s tenure, said Bloomberg&#8217;s Mark Gurman on Sunday.
Biggest Test: &#8220;The dawn of AI is his [Cook&#8217;s] biggest test to date,&#8221;<a href="https://www.bloomberg.com/news/newsletters/2024-05-19/what-is-apple-doing-in-ai-summaries-cloud-and-on-device-llms-openai-deal-lwdj5pkz?srnd=undefined"> said</a> Gurman in the latest installment of his weekly &#8220;Power On&#8221; newsletter. Apple entered the AI game back in 2011 with the launch of Siri, its digital assistant, years ahead of others in the AI space. However, it has since trailed behind its competitors, he said.
Apple&#8217;s competition, including OpenAI and Alphabet, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), have become &#8220;AI superstars&#8221; and are going from strength to strength, he noted. 
&#8220;Apple's priority now is not getting smoked on its home floor,&#8221; he said.
That said, Apple has some advantages of its own, such as &#8220;money, talent and a powerful platform,&#8221; he said. It will require a meaningful change to its strategy as well as some help from its AI competitors, he added.
Gurman, however, flagged one pushback for Apple. The company&#8217;s AI-related features like Siri rely mostly on processing information on the iPhone itself and lacks data collection, he said. 
&#8220;Apple does both these things deliberately, part of its efforts to protect privacy and security. But they don't always make for the best experience,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-apple-stock">Everything You Need To Know About Apple Stock</a>
Fresh Start: Apple now has the opportunity to start fresh, said Gurman. The company is all set to unveil new generative AI features at the annual Worldwide Developers Conference on June 10 and is expected to make some bold changes, he said.
Cupertino will still stick to its &#8220;on-device&#8221; approach, with its own large-language models powering AI features on phones and computers, the Apple specialist said. The company is also planning to deliver services via the cloud, putting its high-end Mac chips into data centers to handle these online features, he said.
Changes To Siri: Gurman expects the company to improve Siri&#8217;s voice capabilities, giving it a more conversational feel, and add features. Calling the approach &#8220;proactive intelligence,&#8221; the Apple leaker said the improvements will likely include services like &#8220;auto-summarizing notifications from your iPhone, giving a quick synopsis of news articles and transcribing voice memos, as well as improving existing features that auto-populate your calendar and suggest apps.&#8221;
&#8220;There will also be some enhancements to photos in the form of AI-based editing, but none of those features will impress people who have used AI in Adobe Inc.'s apps for the last several months,&#8221; he said.
Missing Item: Apple&#8217;s generative AI technology wasn&#8217;t advanced enough for the company to release its own chatbot like ChatGPT or Gemini, Gurman said. Some company insiders are averse to the idea, fearing it could damage Apple&#8217;s reputation. Chatbot mishaps have brought controversy to companies like Google, and they worry similar incidents could tarnish Apple&#8217;s image, he said.
But sensing there is demand for such a feature, Apple is teaming up with OpenAI to add the latter&#8217;s tech to iOS18, the next version of iPhone software, Gurman said. The two companies are prepping to a make a major announcement of this partnership at the WWDC, he said.
Gurman, however, said, to be successful, Apple is going to have to eventually move away from a partnership approach, build a chatbot of its own and integrate it deeply into the company's&nbsp;products. 
Search Feature: Gurman said to handle online searches, Apple should have its own AI-based search engine.
Matching Competition: Apple&#8217;s in-house AI announcements may not be nearly as impressive as what OpenAI and Google have already announced, Gurman said. <a href="https://www.benzinga.com/news/24/05/38809935/openai-just-dropped-gpt-4o-and-these-10-examples-show-it-could-completely-change-ai-chatbot-game">Last week&#8217;s announcements from OpenAI</a> and Google regarding their next phase of AI efforts have pushed Apple further behind, he said.
Gurman also flagged concerns in Apple&#8217;s rank that users will shrug at the new Apple features and not even bother using them. The tech specialist believes speed sets OpenAI and Google apart from Apple. 
&#8220;They can improve their AI technology quickly and keep wowing users. Improvements to Siri and other Apple features, meanwhile, have come at a snail's pace,&#8221; he said.
&#8220;To keep up with the AI frenzy, Apple will need to add major new features at a far quicker rate. The OpenAI deal and cloud-based AI services will help —&nbsp;but there's no plan in place for Apple to accelerate its iOS release cycle, at least in the next year.&#8221;
Apple ended Friday&#8217;s session down 0.02% at $189.87, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech">following this link.</a>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38661417/apple-will-pursue-aggressive-and-no-holds-barred-strategy-around-ai-says-bullish-an">Apple Will Pursue &#8216;Aggressive And No Holds Barred Strategy Around AI,&#8217; Says Bullish Analyst: &#8216;Worst Is In Rearview Mirror&#8217;</a>
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Apple's WWDC Announcements May Not Be As 'Impressive' As OpenAI, Google, Says Gurman: 'They Can Improve Their AI Technology Quickly And Keep Wowing Users'

Former President Donald Trump&#39;s daughter Ivanka Trump, who had previously stepped away from the political limelight, is reportedly contemplating a return to politics, coinciding with <a href="https://www.benzinga.com/news/24/02/37301314/ivanka-trump-is-now-on-tiktok-even-though-her-father-tried-to-ban-it-in-the-us">her father&#39;s growing political influence.</a>
What Happened: According to a report, Ivanka Trump may be considering a political comeback. This speculation has been fueled by Donald Trump&#39;s resurgence in political power and the approaching&nbsp;election.
R. Couri Hay, a society publicist and longtime acquaintance of the Trump family, observed that Melania Trump, who had also distanced herself from politics, is now frequently seen at events with the former president.
&quot;She is gracious, mingling. My understanding is that privately she&#39;s saying she&#39;s ready to be first lady again if called,&quot; Hay <a href="https://www.businessinsider.com/ivanka-trump-eyeing-return-to-politics-donald-trump-friends-say-2024-5">told </a>Business&nbsp;Insider.
&quot;But now, from a distance, the tide is potentially turning, according to polls,&quot; Hay added. &quot;The idea of assuming some sort of role is something I can imagine Ivanka might be thinking about.&quot;
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">Judge Calls Out Ivanka Trump In New York Civil Fraud Case, Says Her Memory Recall Was &#39;Suspect&#39;</a>
A source familiar with Ivanka Trump&#39;s thinking told the outlet Puck that she is &quot;warming to the idea of trying to be helpful&quot; to another Trump administration and is &quot;privately not ruling out having some sort of role&quot; in the White House if her father is re-elected.
While a representative for Ivanka Trump declined to comment on the speculation, an anonymous friend suggested that although a total return to politics may be unlikely, she&nbsp;has softened her stance on avoiding politics in the future.
Why It Matters: Ivanka Trump&#39;s potential return to politics comes amidst a backdrop of internal power struggles within the Trump family.
Ivanka and Melania Trump had a tense rivalry <a href="http://www.benzinga.com/news/24/02/37303851/melania-trump-vs-ivanka-trump-white-house-power-struggle-unveiled-in-new-tell-all-book">during their time in the White House</a>. This, coupled with Ivanka Trump&#39;s <a href="https://www.benzinga.com/news/23/10/35478375/former-obama-official-predicts-major-rift-between-trump-and-ivanka-how-long-is-it-going-to-take-dona">court testimony against her father</a> in his fraud trial, paints a complex picture of her political journey.
However, Ivanka Trump&#39;s potential return and Melania Trump&#39;s support could be strategic moves to influence public perception.
Their presence could cast Donald Trump in a more <a href="http://www.benzinga.com/news/24/04/38348768/courtroom-appearances-by-these-two-members-of-donald-trumps-family-could-help-him-in-hush-money-tria">favorable light, aligning with his defense</a> strategy of portraying him as a supported and wholesome family man.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/10/35481959/trump-slams-judges-decision-on-daughter-ivankas-court-appearance-i-truly-believe-he-is-crazy" target="_blank">Trump Slams Judge&#39;s Decision On Daughter Ivanka&#39;s Court Appearance: &#39;I Truly Believe He Is CRAZY&#39;</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="color:#0563c1; text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Ivanka Trump Could Back In The Political Limelight As Donald Trump's Influence Grows: Report

In a podcast that aired on Friday, Donald Trump&#8217;s former White House communications director Anthony Scaramucci weighed on what would happen to the presidential race if the former president were found guilty in the <a href="https://www.benzinga.com/news/24/05/38907930/anthony-scaramucci-labels-donald-trumps-hush-money-trial-as-obligatory-loyalty-test-for-republicans">Manhattan hush-money trial.</a>
Where Trial Stands: The prosecutors&#8217; argument in the hush-money case, which alleges Trump falsified business records to pay adult movie star Stormy Daniels to silence her regarding their alleged sexual affair ahead of the 2016 election, has gone well, Scaramucci <a href="https://www.youtube.com/watch?v=-vp9A8Oiu-8">said</a> during the &#8220;Rest Is Politics US&#8221; podcast.
On the other hand, the defense claims Trump didn&#8217;t know about it, arguing there is no criminal intent, said the ex-White House aide. Secondly, Trump&#8217;s lawyers are attempting to establish that Michael Cohen, who funneled the funds, is lying, he said. They pointed out that Cohen was convicted of perjury and served jail time, arguing that, as an ex-felon, he is unreliable.
Delving into the potential impact of Trump being found guilty in the case, Scaramucci said he sees no significant impact. He doesn&#8217;t believe Trump would be arrested and put in jail for this, but the ex-president could potentially face some form of home confinement while wearing an ankle bracelet, possibly for a week, two weeks, or at most a month.
&#8220;The Secret Service and the U.S. Marshals are not going to let the former president of United States go to jail,&#8221; he said.
The trial outcome is a total and complete non-event for the campaign, Scaramucci said. He added that, in reality, the trial itself has marginally helped Trump in fundraising, as the former president has appealed for finances by portraying himself as a victim and stating that &#8220;they are using the criminal procedure system to attack me as a form of war in a presidential political campaign.&#8221;
Scaramucci said he sees an increased possibility of a hung jury in the case. 
&#8220;The most likely scenario is that we have a hung jury. There&#8217;s one &#8216;Make America Great Again&#8217; passionate Trump cult that&#8217;s not going to budge on the jury and the jury is hung,&#8221; he said.
Scaramucci also said the country has the attention span of a &#8220;fruit fly.&#8221; 
&#8216;It&#8217;s going to be way in the rearview mirror and all the implications of that innocent or guilty, come Election Day,&#8221; he said of the trial.
See Also:<a href="https://www.benzinga.com/news/24/05/38907885/biden-vs-trump-a-slice-of-incumbents-2020-backers-are-poised-to-defect-but-will-it-matter-for-his-re"> Biden Vs. Trump: A Slice Of Incumbent&#8217;s 2020 Backers Are Poised To Defect, But Will It Matter For His Re-Election?</a>
Greater Threat: According to Scaramucci, Trump&#8217;s fixer Cohen won&#8217;t be the one who does the most damage.
&#8220;I think Mike Pence is going to be the guy that does the most damage,&#8221; he said.
&#8220;Mike Pence was told to use this cockamamie procedural thing at the Electoral College vote &#8230; Mike Pence was pushed by Trump to do something procedurally illegal to assert a cause for President Trump unconstitutionally to stay in power.&#8221;
Scaramucci noted that Pence didn&#8217;t want to do that, and there was a premeditated insurrection at the Capitol, with violence occurring at the steps of — and inside — the building. The former vice president felt like his life was threatened by Trump supporters, he added.
&#8220;There are two Michaels here Michael Cohen and Michael Pence, Mike Pence is going to do more damage to Donald Trump,&#8221; he said. 
Scaramucci also noted that Pence has since denounced Trump, stating that under no circumstances would <a href="https://www.benzinga.com/news/24/03/37764902/no-surprise-former-trump-ally-refuses-to-endorse-ex-president-in-2024-cites-differences-in-conservat">he endorse the former president</a>. Additionally, the former vice president has reportedly rallied 40 people who worked closely with Trump in his inner circle, according to Scaramucci.
&#8220;Mike Pence will be the ring leader of those people to explain the danger of Donald Trump. So this mistake of Trump by being asymmetrically loyal, expecting loyalty one way, dishing and transacting with everybody negatively if they&#8217;re not in the moment going 13 for 10 for Donald Trump, this wreckage is going to come back to haunt him come November,&#8221; Scaramucci said.
Read Next: <a href="https://www.benzinga.com/money/how-to-invest-in-startups">How To Invest In Startups</a>
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Trump Faces Greater Threat Not From Michael Cohen, But From This Person, Says Scaramucci: 'This Wreckage Is Going To Come Back To Haunt Him Come November'

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