FE BATTERY METALS CORP by FE BATTERY METALS CORP. Stock (OTC: FEMFF)

Latest News for FE BATTERY METALS CORP by FE BATTERY METALS CORP. Stock (OTC:FEMFF)

FE Battery Metals Corp is focused on identifying, exploring, and advancing early-stage lithium pegmatite projects in Canada. The company's projects include Augustus Lithium Property, Falcon Lake Lithium Property, and North Spirit Lithium Property.

FE BATTERY METALS CORP by FE BATTERY METALS CORP.

Johnson &amp; Johnson (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/JNJ/earnings">opening bell on April 16, 2024</a>.
Analysts expect the New Brunswick, New Jersey-based company to report quarterly earnings at $2.64 per share, up from $2.41 per share in the year-ago period. Johnson &amp; Johnson is projected to report quarterly revenue of $21.40 billion, compared to $24.75 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Rallybio recently announced a collaboration with Johnson &amp; Johnson to support the development of complementary therapeutic approaches aimed at reducing the risk of fetal and neonatal <a href="https://www.benzinga.com/general/biotech/24/04/38202543/rare-disease-focused-rallybio-inks-development-pact-with-johnson-johnson-stock-shoots-higher">alloimmune thrombocytopenia (FNAIT)</a>.
Johnson &amp; Johnson shares rose 0.1% to close at $147.59 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let&rsquo;s have a look at how Benzinga&rsquo;s most-accurate <a href="https://www.benzinga.com/quote/JNJ/analyst-ratings"> analysts have rated the company </a> in the recent period.
<ul>
<li>Cantor Fitzgerald analyst Louise Chen reiterated an Overweight rating with a price target of $215 on April 15, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Morgan Stanley analyst Terence Flynn maintained an Equal-Weight rating and cut the price target from $170 to $169 on Jan. 24, 2024. This analyst has an accuracy rate of 69%.</li>
<li>Raymond James analyst Jayson Bedford maintained an Outperform rating and raised the price target from $172 to $175 on Jan. 3, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Wells Fargo analyst Larry Biegelsen downgraded the stock from Overweight to Equal-Weight and cut the price target from $170 to $163 on Dec. 13, 2023. This analyst has an accuracy rate of 73%.</li>
<li>UBS analyst Danielle Antalffy upgraded the stock from Neutral to Buy with a price target of $180 on Dec. 1, 2023. This analyst has an accuracy rate of 62%.</li>
</ul>
&nbsp;
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38247436/brightcove-and-1-other-penny-stock-insiders-are-buying"> Brightcove And 1 Other Penny Stock Insiders Are Buying </a>

Earnings

News

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Johnson & Johnson Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Ericsson&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.05 by 48 percent. This is a 7.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $5.13 billion which missed the analyst consensus estimate of $5.34 billion by 3.91 percent. This is a 14.30 percent decrease over sales of $5.99 billion the same period last year.

ERIC

Ericsson Q1 EPS $0.07 Beats $0.05 Estimate, Sales $5.13B Miss $5.34B Estimate

In the lead-up to the &#8216;halving&#8217; event, Crypto.com CEO Kris Marszalek anticipates a surge in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sales. This event, expected to significantly boost Bitcoin&#8217;s price over time, is predicted to occur around Apr. 20.
What Happened: The &#8216;halving&#8217; event decreases the new supply of Bitcoin and has historically been a positive influence on prices. However, there are uncertainties about a repeat performance, considering that Bitcoin already reached a record high in mid-March, <a href="https://www.bloomberg.com/news/articles/2024-04-16/bitcoin-btc-sales-may-pick-up-around-halving-crypto-com-ceo-says">reported</a> Bloomberg.
Marszalek proposed that as the &#8216;halving&#8217; date nears, there could be a rise in selling due to &#8216;buy-the-rumor, sell-the-news&#8217; trading. Despite this, he is confident that the &#8216;halving&#8217; event will make a &#8220;substantial difference&#8221; and is a &#8220;positive development for the market&#8221; over a longer period.
Inflows into three-month-old spot-Bitcoin exchange-traded funds in the U.S. helped the token reach an all-time peak of $73,798 last month.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238919/crypto-markets-tumble-following-irans-drone-attack-against-israel-investor-warns-of-contin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Markets Tumble Following Iran&#8217;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
Marszalek expressed his anticipation for &#8220;pretty decent action within the six months following the Bitcoin halving.&#8221;
Why It Matters: The introduction of Bitcoin ETFs has been projected to potentially drive Bitcoin's price to <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38262656/bitcoin-etfs-could-propel-king-crypto-above-golds-market-cap-says-analyst-these-are-very-c">surpass that of gold</a>, according to cryptocurrency analyst Willy Woo. This prediction was made in light of the recent introduction of Bitcoin ETFs.
Despite Bitcoin&#8217;s endorsement by investment heavyweight BlackRock Inc, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38262428/bitcoin-is-just-an-extractive-bubble-says-portfolio-manager-as-blackrocks-acceptance-fails">skepticism about the cryptocurrency persists</a> among many finance professionals. This skepticism was expressed at a recent Miami event.
Despite Bitcoin's sharp decline from highs of approximately $70,500 to a low of $62,800, over the weekend, Max Keizer, CEO and Founder of BecauseBitcoin.com, r<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38256809/bitcoins-weekend-selloff-a-healthy-shakeout-not-a-market-crash-expert-says">emains optimistic</a>. He urged investors to view the price drop as a healthy shakeout, not a reason to panic. 
Price Action: Bitcoin is currently trading at $62,682, experiencing a decline of 1.23% today, yet showing a robust increase of 41.91% year to date, according to the data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238296/amid-dogecoin-crash-374-million-doge-moved-from-robinhood-to-unknown-wallet?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Dogecoin Crash, 374 Million DOGE Moved From Robinhood To Unknown Wallet</a>
Image Via Shutterstock 
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Global

$BTC

Bitcoin Halving May See Rise In King Crypto Sales, Forecasts Crypto.Com CEO, But 'Decent Action' Anticipated Within Next Six Months

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Bank of America Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>) to report quarterly earnings at 77 cents per share on revenue of $25.46 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Bank of America shares fell 0.1% to $35.91 in after-hours trading.
My Size, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mysz#NASDAQ">MYSZ</a>) disclosed a 1-for-8 reverse stock split. My Size shares jumped 10.3% to $0.4760 in the after-hours trading session.
Analysts are expecting Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>) to post quarterly earnings at $1.66 per share on revenue of $14.41 billion. The company will release earnings before the markets open. Morgan Stanley shares rose 0.9% to $86.99 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Mitek Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mitk#NASDAQ">MITK</a>) reported worse-than-expected first-quarter financial results. The company posted adjusted earnings of 14 cents per share, missing market estimates of18 cents per share. The company&#39;s sales came in at $36.92 million, versus expectations of&nbsp;$39.02 million.&nbsp;Mitek Systems shares fell 5.5% to $14.02 in the after-hours trading session.
Analysts expect Johnson &amp; Johnson (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>) to post quarterly earnings at $2.64 per share on revenue of $21.40 billion before the opening bell. Johnson &amp; Johnson shares slipped 0.3% to $147.20 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38243095/how-to-earn-500-a-month-from-morgan-stanley-stock-ahead-of-q1-earnings"> How To Earn $500 A Month From Morgan Stanley Stock Ahead Of Q1 Earnings </a>

Penny Stocks

Small Cap

MITK

MYSZ

Bank of America, Morgan Stanley And 3 Stocks To Watch Heading Into Tuesday

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the &quot;Fear&quot; zone on Monday.
U.S. stocks closed lower on Friday amid concerns over the conflict in the Middle East, with the S&amp;P 500 falling more than 1% during the session.
On the economic data front, U.S. retail sales increased 0.7% month-over-month in March following a revised 0.9% rise in February. The NY Empire State Manufacturing Index climbed to -14.3 in April versus the prior month&rsquo;s reading of -20.9.
Snap One Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snpo#NASDAQ">SNPO</a>) shares jumped over 29% on Monday after the company announced that it will be acquired by Resideo Technologies. Goldman Sachs Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) reported better-than-expected first-quarter earnings.
All sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate and communication services stocks recording the biggest losses on Monday.
The Dow Jones closed lower by around 248 points to 37,735.11 on Monday. The S&amp;P 500 fell 1.20% at 5,061.82, while the Nasdaq Composite dipped 1.79% at 15,885.02 during Monday&rsquo;s session.
Investors are awaiting earnings results from Johnson &amp; Johnson (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>), Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>) and Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>) today.
At a current reading of 41, the index moved to the &quot;Fear&quot; zone on Monday, versus a prior reading of 46.2.
What is the CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38215878/how-to-earn-500-a-month-from-goldman-sachs-stock-ahead-of-q1-earnings-report"> How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q1 Earnings Report</a>

SNPO

Fear & Greed Index Moves To 'Fear' Zone; S&P 500 Down Over 1%

Elon Musk&#8216;s&nbsp;SpaceX&nbsp;is making available refurbished&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/01/36819164/could-starlink-put-mars-on-speed-dial-spacex-ceo-elon-musk-tells-why-its-tremendously-difficult-give" rel="noreferrer noopener">Starlink dishes</a>&nbsp;to U.S. consumers at a discounted price.
What Happened: The company is offering refurbished Starlink kits for $399, a lower price than the standard $599,&nbsp;<a target="_blank" href="https://www.pcmag.com/news/spacex-selling-399-refurbished-starlink-dishes-to-us-users" rel="noreferrer noopener">reported</a>&nbsp;PCMag.&nbsp;
This option is available on the Starlink website and includes the latest V4 standard dishes. The refurbished kits will have the same functionality and warranty as the standard ones.
SpaceX has been selling refurbished dishes in other countries with high demand for satellite internet service, such as Australia, the UK, and Europe. The company is currently selling the refurbished dishes to U.S. consumers in select states.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-aerospace-defense-stocks" rel="noreferrer noopener">Best Aerospace and Defense Stocks</a>
The sales may attract consumers interested in trying out the new hardware, as the V4 dish offers higher speeds and better upload rates than older models. This is the first time SpaceX has openly sold refurbished Starlink dishes to users.
Why It Matters: SpaceX has been making significant moves in the Starlink space. In a bid to enhance the quality of the service, the company&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/02/37255252/spacex-wants-starlink-satellites-closer-to-earth-for-faster-internet-speeds-and-lower-risks-during-f" rel="noreferrer noopener">requested</a>&nbsp;regulatory approval to position some of its second-generation Starlink satellites closer to Earth.&nbsp;
Meanwhile, despite a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38154879/elon-musks-starlink-gone-rogue-black-market-supplies-banned-tech-to-russia-and-beyond-report-reveals" rel="noreferrer noopener">ban on Starlink use in Russia</a>, the company has been facing the challenge of black market supplies of its terminals being used by the Russian forces in their war against Ukraine.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38262675/not-good-for-tesla-if-its-true-says-fund-manager-as-new-report-says-ev-maker-has-pu" target="_blank" rel="noreferrer noopener">&#8216;Not Good&#8217; For Tesla If It&#8217;s True, Says Fund Manager, As New Report Says EV Maker Has Put Sub-$30K Vehicle On Hold</a>
Photo via Shutterstock
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SPACE

Tech

Waiting To Get A Starlink Connection? Elon Musk's SpaceX Offers Refurbished Dishes For $200 Discount

Macro Economic Events

Econ #s

Economics

U.K. Unemployment Rate For February 4.2% Vs. 4.0% Est.; 3.9% Prior

U.K. Employment Change 3M/3M (MoM) For February -156K Vs. -21K Prior

U.K. Claimant Count Change For March 10.9K Vs. 17.2K Est.; 4.1K (Revised) Prior

U.K. Average Earnings Index +Bonus For February 5.6% Vs. 5.5% Est.; 5.6% Prior

Amid ongoing scrutiny over <a href="https://www.benzinga.com/news/24/02/37286643/meta-faces-flak-for-child-exploitation-via-subscription-tools-on-facebook-and-instagram">social media&#8217;s impact on youth</a>, a recent court decision has brought some relief to Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg.
What Happened: On Monday, a judge partially dismissed claims against Zuckerberg in a series of lawsuits that charged him with concealing the potential harm of Facebook and Instagram to children, Reuters reported. The U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, ruled out certain allegations against Zuckerberg.
The litigation is part of a larger group of lawsuits filed by children alleging that addiction to social media platforms has caused them harm. Of these, 25 lawsuits specifically targeted Zuckerberg, accusing him of misleading the public about the platforms&#8217; safety. However, Judge Rogers determined that the plaintiffs could not prove Zuckerberg had a personal duty to disclose risks based on his knowledge of Meta&#8217;s products.
See Also: <a href="https://www.benzinga.com/news/24/04/38239037/googles-sundar-pichai-grapples-with-ai-mishaps-nvidia-caitlin-clark-of-stock-market-and-more-this-we?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google&#8217;s Sundar Pichai Grapples With AI Mishaps, Nvidia &#8216;Caitlin Clark&#8217; Of Stock Market And More: This Week In AI</a>
While this ruling is a win for Zuckerberg, Meta still faces other allegations in the ongoing lawsuits, which also involve tech giants like Alphabet, ByteDance, and Snap. These cases claim that children have suffered harm due to social media use and seek damages and cessation of the alleged harmful practices. Legal actions by several states and school districts against Meta are also underway.
Why It Matters: Meta has been under fire for issues related to child safety on its platforms. In February, the company faced internal concerns over the misuse of subscription tools on Facebook and Instagram, which were being exploited by adults targeting children.
In January, <a href="https://www.benzinga.com/markets/equities/24/01/36875784/its-terrible-metas-zuckerberg-apologizes-to-families-of-online-child-abuse-victims-at-senate-hea">Zuckerberg apologized during a Senate</a> hearing to families of online child abuse victims. This followed revelations from a whistleblower about Instagram&#8217;s inadequate protection for young users from online harassment.
Read Next: <a href="https://www.benzinga.com/news/24/04/38178568/elon-musk-reacts-to-old-clip-of-apple-co-founder-steve-jobs-saying-theres-a-tremendous-amount-of-cra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Old Clip Of Apple Co-Founder Steve Jobs Saying &#8216;There&#8217;s A Tremendous Amount Of Crafts</a>
Photo courtesy: Brian Solis via Flickr
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Social Media

Legal

Media

General

Zuckerberg Dodges A Bullet: Judge Tosses Some Lawsuit Claims Against Meta CEO In Youth Harm Litigation

Marques Brownlee, a renowned YouTube tech reviewer, has recently stirred up controversy with his critique of Humane&#8216;s AI Pin, raising questions about the impact of his influence on burgeoning companies.
What Happened: Brownlee, also known as MKBHD, titled his review of the AI Pin as &#8220;The Worst Product I&#8217;ve Ever Reviewed… For Now.&#8221;
Despite praising the design and concept of the device, Brownlee took issue with its performance, pointing out slow response times, inaccurate answers, inconsistent battery life, and subpar photo and video quality.
The review ignited a fiery debate online. Some, like Humane&#8217;s head of new media, Sam Sheffer, welcomed Brownlee&#8217;s &#8220;honest&#8221; and &#8220;solid&#8221; review, seeing it as constructive criticism. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">an honest, solid review marques — all fair and valid critiques, both the good and the bad feedback is a gift. we reflect and we listen and we learn and we continue building. <a href="https://t.co/gKp1E3V2et">https://t.co/gKp1E3V2et</a>
&mdash; Sam Sheffer (@samsheffer) <a href="https://twitter.com/samsheffer/status/1779677818189722100?ref_src=twsrc%5Etfw">April 15, 2024</a></blockquote>
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Others, however, deemed it &#8220;almost unethical&#8221; due to Brownlee&#8217;s considerable influence and the potential repercussions of his review on Humane&#8217;s future.
Critic Daniel Vassallo argued that Brownlee&#8217;s review title could be damaging to Humane, as it&#8217;s what most people will see. He underscored that the power to devastate a company should not be taken lightly.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I find it distasteful, almost unethical, to say this when you have 18 million subscribers. Hard to explain why, but with great reach comes great responsibility. Potentially killing someone else's nascent project reeks of carelessness. First, do no harm. <a href="https://t.co/xFft3u2LYG">pic.twitter.com/xFft3u2LYG</a>
&mdash; Daniel Vassallo (@dvassallo) <a href="https://twitter.com/dvassallo/status/1779753281960722706?ref_src=twsrc%5Etfw">April 15, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38237773/benzinga-bulls-and-bears-tesla-amc-trump-media-plus-lessons-from-dogecoins-post-2020-bitco?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Benzinga Bulls And Bears: Tesla, AMC, Trump Media Plus Lessons From Dogecoin&#8217;s Post-2020 Bitcoin Halving Surge</a>
Alex Finn highlighted the formidable influence wielded by creators in today&#8217;s digital landscape. Referring to a critical review by popular YouTuber MKBHD, Finn said &#8220;MKBHD bankrupted a company in 41 seconds.&#8221;
The assertion that a mere slight from a prominent content creator, coupled with harsh critique, could precipitate a company&#8217;s downfall underscores the significant power creators hold in shaping consumer perceptions and market outcomes in 2024.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">MKBHD bankrupted a company in 41 seconds A slight criticism from a big Youtuber, let alone calling the product HORRENDOUS, is enough to make a company go bust Creators are so much more powerful in 2024 than you think This clip will be the gravestone for Humane <a href="https://t.co/UbVtEHbN1g">pic.twitter.com/UbVtEHbN1g</a>
&mdash; Alex Finn (@AlexFinnX) <a href="https://twitter.com/AlexFinnX/status/1779866815226646880?ref_src=twsrc%5Etfw">April 15, 2024</a></blockquote>
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In 2018, Imran Chaudhri and Bethany Bongiorno, who had previously worked at Apple Inc, co-founded Humane. The startup transitioned out of stealth mode in 2021. Chaudhri presented the device and showcased its functionalities during a TED Talk in May. Later, the product gained further exposure when it was exhibited at Paris Fashion Week in September.
Why It Matters: Humane&#8217;s AI Pin, backed by OpenAI&#8216;s Sam Altman, was expected to revolutionize the consumer tech industry. The device was in talks with <a href="https://in.benzinga.com/content/37383856/sam-altman-backed-humane-in-talks-with-indian-telcos-for-voice-and-gesture-controlled-ai-pin-launch">Indian telecom operators</a> for its launch and was even named as one of the <a href="https://www.benzinga.com/news/23/10/35412753/what-is-humane-ai-pin-one-of-time-magazines-best-inventions-of-2023">&#8220;Best Inventions of 2023&#8221;</a> by Time Magazine.
Despite the hype, the device was not without its critics. Bloomberg columnist Mark Gurman had previously <a href="https://www.benzinga.com/news/24/04/38240620/potential-iphone-killer-humane-ai-pins-design-interface-inherently-flawed-says-gurman-can-merely-be">expressed skepticism</a> about the device&#8217;s potential, stating that smartphones were here to stay. 
The device&#8217;s price tag and subscription model also raised eyebrows, with the AI Pin <a href="https://www.benzinga.com/news/23/11/35695413/humane-ai-pin-will-cost-699-require-a-24month-subscription-and-comes-with-openai-integration">costing $699 and requiring a $24/month</a> subscription.
The controversy surrounding Brownlee&#8217;s review highlights the significant influence of tech influencers and the potential impact of their reviews on the success of emerging tech products.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38255536/dogecoin-down-25-in-past-week-but-if-you-get-a-chance-to-buy-it-in-the-high-0-10s-buy-it-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Down 25% In Past Week, But &#8216;If You Get A Chance To Buy It In The High $0.10s, Buy It,&#8217; Says Trader</a>
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 Engineered by 
 Benzinga Neuro, Edited by 
 
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 Kaustubh Bagalkote</a> 
 
 
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'MKBHD Bankrupted A Company In 41 Seconds':  Tech Influencer's Critique Of Humane's AI Pin Stirs Debate

Reported Earlier, Chinese Unemployment Rate For March 5.2% Vs. 5.2% Est.; 5.3% Prior

Reported Earlier, China Industrial Production Year to Date (YoY) 6.1% Vs. 6.0% Est.; 7.0% Prior

Reported Earlier, China Industrial Production (YoY) 4.5% Vs. 6.0% Est.; 7.0% Prior

Reported Earlier, China Gross Domestic Product Year to Date (YoY) For Q1 5.3% Vs. 5.0% Est.; 5.2% Prior

Reported Earlier, China Gross Domestic Product (YoY) For Q1 5.3% Vs. 4.8% Est.; 5.2% Prior

Reported Earlier, China Gross Domestic Product (QoQ) For Q1 1.6% Vs. 1.2% (Revised) Prior

Reported Earlier, China Fixed Asset Investment (YoY) For March 4.5% Vs. 4.0% Est.; 4.2% Prior

The UK government is preparing to criminalize the creation of sexually explicit deepfake images.
What Happened: The proposed law will prosecute and fine individuals found guilty of creating such deepfakes without consent, irrespective of their intent to share the images. Distributing the images could lead to imprisonment, <a href="https://www.bloomberg.com/news/articles/2024-04-15/uk-to-criminalize-the-creation-of-intimate-deepfake-images">reported</a> Bloomberg.
The Ministry of Justice attributes the rise of deepfake images and videos to rapid advancements in artificial intelligence. The UK has classified violence against women and girls as a national threat, prompting police to prioritize its prevention. This new law forms part of the efforts to curb practices that are increasingly being used to humiliate or distress victims.
The Minister for Victims and Safeguarding, Laura Farris, stated, &#8220;This new offence sends a crystal clear message that making this material is immoral, often misogynistic, and a crime.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/04/38230690/gop-lawmakers-slam-biden-after-trump-era-exemption-results-in-huawei-unveiling-laptop-with-new-intel?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Lawmakers Slam Biden After Trump-Era Exemption Results In Huawei Unveiling Laptop With New Intel AI Chip</a>
The government is also introducing new criminal offenses for individuals who take or record real intimate images without consent, or install equipment to enable someone to do so. 
An additional statutory aggravating factor will be introduced for offenders who cause death through abusive, degrading or dangerous sexual behavior.
Why It Matters: The misuse of deepfake technology has been a growing concern worldwide. In February, a <a href="https://www.benzinga.com/news/24/02/36930090/fraudsters-use-deepfake-tech-to-steal-25-million-in-sophisticated-corporate-scam">corporate scam</a> involving deepfake technology led to the theft of $25 million. The same month, Meta Platforms was urged to <a href="https://www.benzinga.com/news/24/02/36930046/meta-advised-to-overhaul-incoherent-deepfake-rules-by-oversight-board-after-biden-video">revise its deepfake rules</a> after a controversial video of President Joe Biden was deemed not to breach the company&#8217;s current regulations.
In March, the rise of deepfake videos in Asia <a href="https://www.benzinga.com/markets/asia/24/03/37689000/rise-of-deepfake-videos-in-asia-raises-alarms-over-election-misinformation-report">raised alarms</a> over potential election interference. Earlier in the year, Microsoft CEO, Satya Nadella, expressed concerns over <a href="https://www.benzinga.com/general/entertainment/24/01/36845419/satya-nadella-says-ai-generated-taylor-swift-deepfakes-are-alarming-and-terrible">AI-generated explicit images</a> of pop star Taylor Swift, describing the situation as &#8220;alarming and terrible&#8221;.
The UK&#8217;s move to criminalize the creation of intimate deepfake images is a significant step in addressing the misuse of this technology.
Read Next: <a href="https://www.benzinga.com/news/24/04/38216195/elon-musk-asks-advertisers-to-return-to-x-after-months-of-tussle-with-disney-apple-and-others-as-zuc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Asks Advertisers To Return To X After Months Of Tussle With Disney, Apple, And Others As Zuckerberg&#8217;s Meta Faces Flak For Ad-System Inconsistency</a>
Image Via Shutterstock 
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 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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AI-Generated Sexually Explicit Deepfakes On UK Government Radar As New Law Seeks To Criminalize Them: 'Making This Material Is Immoral'

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