Grid Dynamics Holdings Stock (NASDAQ: GDYN)

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Grid Dynamics Holdings

Grid Dynamics Holdings Inc provides enterprise-level digital transformation in the areas of search, analytics, and release automation to Fortune 1000 companies. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. The company derives maximum revenue from Retails. Geographically company earns revenue from North America, Europe and other regions.

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Wedbush analyst Moshe Katri initiated coverage on Grid Dynamics Holdings Inc (NASDAQ: GDYN) with an Outperform rating and a price target of $13.

Grid Dynamics Set For Revenue Surge, GenAI Partnerships: Analyst

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U.S. stocks traded higher, with the Dow Jones gaining around 150 points on Friday. Here are some big stocks recording gains in today’s session.

Atlassian, Universal Display, Booking, Dropbox And Other Big Stocks Moving Higher On Friday

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On Friday, shares of Grid Dynamics Holdings (NASDAQ: GDYN) experienced volatile short activity. After the activity, the stock price went up +2.04% to $9.99.

The overall sentiment for GDYN has been Bearish.

Short Volatility Alert: Grid Dynamics Holdings

Grid Dynamics Holdings, Inc. - Class A Common Stock

Grid Dynamics Holdings Inc

Russia has issued a stern warning to Ukraine, threatening to reduce its capital, Kyiv, to a &#8220;giant melted spot&#8221; if Ukraine is allowed by its allies to use Western long-range missiles against Russia.
What Happened: Moscow&#8217;s warning came on Saturday, as reported by <a href="https://www.politico.eu/article/russia-dmitry-medvedev-ukraine-kyiv-war-giant-melted-spot-threat/">Politico</a>. The threat was made by Dmitry Medvedev, deputy chairman of Russia's Security Council, amidst ongoing discussions by the U.S. and the U.K. to permit Ukraine to use Western weapons to strike strategic targets within Russia.
Medvedev, known for his nuclear rhetoric, stated that Russia already has &#8220;formal&#8221; grounds to use nuclear weapons following Ukraine&#8217;s incursion into Russia&#8217;s Kursk region. However, he suggested that newer technologies could be used to create a &#8220;giant melted spot&#8221; in place of the Ukrainian capital.
Despite the threats, Medvedev acknowledged that &#8220;a nuclear conflict is really not needed by anyone,&#8221; adding that a nuclear response is a decision with &#8220;irreversible consequences.&#8221;
Meanwhile, U.K. Prime Minister Keir Starmer and U.S. President Joe Biden have been discussing Ukraine's possible use of British-made Storm Shadow cruise missiles on Russian soil, without reaching a decision. Russian President Vladimir Putin warned that such permission would put NATO countries "at war with Russia.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40864586/kamala-harris-vows-to-scrap-unnecessary-degree-requirements-for-some-federal-jobs-if-she-wins-as-pre?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Vows To Scrap &#8216;Unnecessary&#8217; Degree Requirements For Some Federal Jobs If She Wins: &#8216;As President, I Will…&#8217;</a>
Ukrainian President Volodymyr Zelenskyy has renewed Kyiv&#8217;s pleas for expanded use of Western weapons, stating, &#8220;We are making progress on the battlefield. But we need permission to use long-range weapons.&#8221;
Why It Matters: This development comes in the wake of <a href="https://www.benzinga.com/news/24/09/40829787/top-russian-foreign-policy-hawk-pushes-for-bold-nuclear-response-to-western-support-in-ukraine-time">calls</a> from Russian foreign policy hawks for a more <a href="https://www.benzinga.com/news/24/09/40829787/top-russian-foreign-policy-hawk-pushes-for-bold-nuclear-response-to-western-support-in-ukraine-time">assertive nuclear stance</a> towards the West. 
The use of Western-made long-range missiles by Ukraine against Russia could lead to a <a href="https://www.benzinga.com/news/24/09/40851131/russian-president-says-ukraines-use-of-long-range-missiles-would-signal-that-us-and-nato-are-at-war">direct military confrontation</a> between Russia and the West, as warned by Putin. 
The situation has also raised global concerns, with Tesla and SpaceX CEO Elon Musk expressing his <a href="https://www.benzinga.com/news/24/09/40846236/i-have-a-bad-feeling-about-this-elon-musk-is-alarmed-about-moscow-nato-conflict-risk-if-ukraine-allo">apprehension</a> about potential global conflict.
Photo by Michael Parulava on Unsplash
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

TSLA

Russia Security Council Head Warns Of Turning Kyiv Into A 'Giant Melted Spot' Using New Technologies

A <a href="https://www.benzinga.com/news/24/09/40870341/kamala-harris-biden-express-relief-that-trump-is-unhurt-after-second-assassination-attempt-i-am-glad">second assassination attempt</a> on Republican presidential candidate&nbsp;Donald Trump&nbsp;was foiled on Sunday while he was golfing in West Palm Beach, Florida.
What Happened: The FBI reports that U.S. Secret Service agents <a href="https://www.benzinga.com/24/09/40869836/donald-trump-safe-and-unharmed-after-shooting-incident-at-florida-golf-club">identified and neutralized</a> a gunman near the property line. The suspect,&nbsp;Ryan Wesley Routh, 58, of&nbsp;Hawaii, was apprehended after he discarded&nbsp;an AK-47-style assault rifle and fled the scene.
Following the incident, Tesla and SpaceX CEO Elon Musk responded to a user&#8217;s query about the motive behind the assassination attempts. He questioned why there were no similar threats against President Joe Biden or Vice President Kamala Harris.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">And no one is even trying to assassinate Biden/Kamala &#x1f914; <a href="https://t.co/ANQJj4hNgW">https://t.co/ANQJj4hNgW</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1835478980830572884?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
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He also agreed with Speaker Mike Johnson (R-La.) who went to Mar-a-Lago to meet Trump and said on X, formerly Twitter, saying, &#8220;No leader in American history has endured more attacks and remained so strong and resilient. He is unstoppable.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40845900/trump-says-he-will-end-taxes-on-overtime-pay-but-economist-peter-schiff-says-there-is-a-fly-in-his-o?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says He Will End Taxes On Overtime Pay, But Economist Peter Schiff Says There Is A Fly In His Ointment</a>
Florida Governor&nbsp;Ron DeSantis&nbsp;(R-Fla.)&nbsp;also took to X to announce that the state would investigate the incident. He stressed the importance of transparency about the would-be assassin and how he&nbsp;managed&nbsp;to get within 500 yards&nbsp;of the former president and&nbsp;current GOP nominee.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The State of Florida will be conducting its own investigation regarding the attempted assassination at Trump International Golf Club. The people deserve the truth about the would be assassin and how he was able to get within 500 yards of the former president and current GOP…
&mdash; Ron DeSantis (@GovRonDeSantis) <a href="https://twitter.com/GovRonDeSantis/status/1835476568212201744?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
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Rep.&nbsp;Marjorie&nbsp;Taylor&nbsp;Greene&nbsp;(R-Ga.) also took to X and said, &#8220;The stakes of this election are literally life or death.&#8221; She also asked why the suspect was carrying a GoPro camera. &#8220;Who would receive the video feed from today's assassin's GoPro,&#8221; adding, &#8220;There is a conspiracy to murder Donald Trump.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They tried to assassinate President Trump again today. For the second time. The stakes of this election are literally life or death. I'm praying for his safety and all of those around him. I'm thankful for each and everyone that guards his life and his family.
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1835403111609041003?ref_src=twsrc%5Etfw">September 15, 2024</a></blockquote>
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Former House Speaker Nancy Pelosi (D-Calif.) also denounced the incident saying, &#8220;There never is a place for political violence of any kind in America.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There never is a place for political violence of any kind in America. As the investigation into today's incident continues, let us commend law enforcement for their actions to keep the former President safe from harm.
&mdash; Nancy Pelosi (@SpeakerPelosi) <a href="https://twitter.com/SpeakerPelosi/status/1835484077857595470?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
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President Biden also condemned the act of political violence, saying, &#8220;I have directed my team to continue to ensure that Secret Service has every resource &#8230;. to ensure the former President's continued safety.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As I have said many times, there is no place for political violence or for any violence ever in our country, and I have directed my team to continue to ensure that Secret Service has every resource, capability and protective measure necessary to ensure the former President's…
&mdash; President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1835481461413069064?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
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Sen.&nbsp;Bernie Sanders&nbsp;(I-Vt.) also expressed relief that the former President was unharmed saying, &#8220;We must denounce it in the&nbsp;strongest possible terms, and I am relieved that the former President is safe.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There is no place for political violence, including the disturbing incident we just witnessed in West Palm Beach.   We must denounce it in the strongest possible terms, and I am relieved that the former President is safe.
&mdash; Bernie Sanders (@BernieSanders) <a href="https://twitter.com/BernieSanders/status/1835454321581752508?ref_src=twsrc%5Etfw">September 15, 2024</a></blockquote>
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Why It Matters: This incident marks the <a href="https://www.benzinga.com/news/24/07/39921902/trump-assassination-attempt-new-details-emerge-from-pennsylvanias-police-commissioner-eight-shots-we">second assassination attempt on Trump</a>. The first attempt took place in July 2024 in Pennsylvania, where a 20-year-old man fired eight shots at a rally before being neutralized by Secret Service agents.
Trump also reassured supporters of his safety, saying that he was unharmed. &#8220;I wanted you to hear this first: I AM SAFE AND WELL!&#8221;
White House confirmed that President Biden and Vice President Harris were briefed about the situation. Harris took to X and said, &#8220;I am glad he is safe. Violence has no place in America.&#8221;
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40866458/billionaire-ray-dalio-warns-potential-election-chaos-likely-if-loser-particularly-trump-rejects-outc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Ray Dalio Warns Potential Election Chaos Likely If Loser, Particularly Trump, Rejects Outcome &#8211; &#8216;My Great Fear Is for Democracy&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elon Musk Comments On Why They Want To Kill Trump, DeSantis Promises Florida's Own Probe

Renowned economist Mohamed El-Erian has voiced concerns over the increasing late payments on credit cards and auto loans in the United States, sparking discussions on the economic implications.
What Happened: On Sunday, El-Erian took to X to share his views on an <a href="https://www.wsj.com/finance/americans-credit-debt-spending-interest-rates-f3836f23">article</a> from the Wall Street Journal. The article highlighted the rising trend of late payments on credit cards and auto loans, which has alarmed Wall Street. El-Erian&#8217;s tweet sparked a debate on whether this financial weakness is confined to lower-income households or is spreading upwards.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">From the <a href="https://twitter.com/WSJ?ref_src=twsrc%5Etfw">@WSJ</a> article, &quot;Americans Are Falling Behind on Their Bills. Wall Street Is Alarmed: Lenders see a rise in late payments on credit cards and auto loans.&quot; Lots of discussion on whether the weakness remains concentrated in lower-income households or migrates up.<a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://t.co/3HgW15qZ3n">pic.twitter.com/3HgW15qZ3n</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1835460770530034011?ref_src=twsrc%5Etfw">September 15, 2024</a></blockquote>
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Wall Street is alarmed as signs of Americans struggling to keep up with bills emerge, especially among lower-income borrowers, reported the Journal. 
Credit card delinquencies have reached their highest level in over a decade, and car loan charge-offs have also surged. Bank executives report rising delinquencies, with major lenders like Citigroup and Ally Financial warning of increased financial strain, while investors worry about a potential recession.
See Also: <a href="https://www.benzinga.com/news/24/09/40807671/harris-hit-trump-with-claim-of-worst-unemployment-since-the-great-depression-during-debate-here-is-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Harris Hit Trump With Claim Of &#8216;Worst Unemployment Since The Great Depression&#8217; During Debate, Here Is Wha</a>
Why It Matters: El-Erian&#8217;s post comes amid discussions on the Federal Reserve&#8217;s <a href="https://www.benzinga.com/news/24/09/40825191/mohamed-el-erian-charts-fed-rate-path-ahead-of-next-weeks-fomc-meeting-interest-rates-could-bottom-a">anticipated rate cuts</a>. Recently, El-Erian outlined key expectations and market pricing ahead of the Federal Reserve&#8217;s policy meeting.
The rising late payments could indicate a weakening economy, as <a href="https://www.benzinga.com/news/24/09/40785555/peter-schiff-warns-feds-rate-cuts-wont-prevent-recession-issues-warning-about-inflation-and-unemploy">suggested</a> by economist Peter Schiff. Schiff warned that the Federal Reserve&#8217;s rate cuts might not prevent a recession.
Meanwhile, the latest inflation statistics for August have given the Federal Reserve the <a href="https://www.benzinga.com/markets/equities/24/09/40815234/dollar-treasury-yields-rise-as-small-caps-fall-august-inflation-crushes-odds-of-50-point-fed-rat">green light</a> to proceed with an interest rate cut. The size of the cut, however, remains a topic of discussion.
Photo by International Monetary Fund on Flickr
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40850544/wall-street-eyes-strong-finish-to-the-week-despite-futures-suggesting-moderation-in-tech-buying-str?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq Lags S&amp;P 500 Futures In Week&#8217;s Final Trading Session: What&#8217;s Going On</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Economics

Americans Falling Behind On Their Bills: Mohamed El-Erian Echoes Worries As Rate Cut Buzz Grows Louder

Donald Trump has survived a <a href="https://www.benzinga.com/24/09/40869836/donald-trump-safe-and-unharmed-after-shooting-incident-at-florida-golf-club">reported assassination attempt</a>. He vowed never to surrender after the latest attempt on his life.
What Happened: The incident occurred near Trump&#8217;s Florida property, with the former President confirming his safety in a fundraising email. &#8220;There were gunshots in my vicinity, but before rumors start spiraling out of control, I wanted you to hear this first: I AM SAFE AND WELL!&#8221; Trump stated, asserting his resilience and vowing to &#8220;NEVER SURRENDER&#8221;.
Steven Cheung, Trump&#8217;s communications director, confirmed the former President&#8217;s safety post the incident, while the Secret Service and the Palm Beach County Sheriff's Office have launched an investigation into the matter.
Following the incident, Vice President Harris expressed relief over Trump&#8217;s safety and condemned the act of violence. This incident follows a previous assassination attempt on Trump at a Pennsylvania rally in mid-July.
See Also: <a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State</a>
Why It Matters: This is the second assassination attempt on the former President in recent months. The first attempt occurred at a Pennsylvania rally in mid-July, where Trump was injured and another man was killed. The latest attempt took place at the Trump International Golf Course in West Palm Beach, where a man armed with an AK-style rifle tried to infiltrate the perimeter. Quick action by the Secret Service agents on duty led the man to abandon his weapon and escape.
These incidents have raised serious concerns about the safety of the former President. President Joe Biden and Vice President Kamala Harris have <a href="https://www.benzinga.com/news/24/09/40870341/kamala-harris-biden-express-relief-that-trump-is-unhurt-after-second-assassination-attempt-i-am-glad">expressed relief</a> that Trump has escaped unhurt, with Harris stating, "I am glad he is safe. Violence has no place in America."
Image via Shutterstock
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General

Trump Vows To 'Never Surrender' After Surviving Second Assassination Attempt

Former President Donald Trump&#8217;s public expression of dislike for pop star Taylor Swift has elicited a humorous response from Vice President Kamala Harris&#8217;s campaign.
What Happened: On Sunday, Trump took to the social media platform Truth Social to voice his disapproval of Swift, as reported by <a href="https://thehill.com/homenews/campaign/4880798-harris-campaign-donald-trump-i-hate-taylor-swift-post/">The Hill</a>. 
The former president wrote, &#8220;I HATE TAYLOR SWIFT!&#8221; on the platform owned by his company Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
This followed Swift&#8217;s <a href="https://www.benzinga.com/general/entertainment/24/09/40807445/taylor-swift-says-i-will-be-casting-my-vote-for-kamala-harris-and-tim-walz-takes-a-dig-at-j">endorsement of Vice President Harris</a> earlier in the week. Harris&#8217;s campaign responded with a cleverly worded statement, using Swift&#8217;s song titles to satirize Trump&#8217;s recent actions.
The statement, issued by Harris&#8217;s campaign spokesperson Sarafina Chitika on social platform X, dubbed Trump as &#8220;Mr. Not-at-all Fine&#8221; and criticized him for overlooking American issues in favor of his personal grievances.
&#8220;Donald Trump's week of whining and spouting conspiracy theories has voters on both sides of the aisle ready to Forget That He Existed,&#8221; said Chitika. She referred to multiple Swift songs to say, &#8220;The American people want to be Out of the Woods of the chaos and division of the Trump era, leave behind the Blank Space of Trump's broken promises, and Begin Again by electing Vice President Harris to ensure America's future of opportunity is Long Lived.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State</a>
Swift had previously praised Harris as a &#8220;steady-handed, gifted leader&#8221; on Instagram, contrasting her composed leadership with Trump&#8217;s tumultuous reign. Trump, however, dismissed Swift&#8217;s endorsement during a Fox &amp; Friends interview on Wednesday, labeling her as a &#8220;very liberal person&#8221;.
In response to Harris&#8217;s campaign&#8217;s mockery, Trump&#8217;s campaign shared an ABC News/Ipsos poll on social platform X, which indicated that only 6% of respondents were more likely to vote for Harris due to Swift&#8217;s endorsement.
Why It Matters: Swift&#8217;s endorsement of Harris came after a presidential debate on Tuesday. Swift&#8217;s public support for Harris resulted in a <a href="https://www.benzinga.com/general/entertainment/24/09/40824581/taylor-swifts-endorsement-of-kamala-harris-drives-over-330k-visitors-to-vote-gov">significant surge in traffic</a> to vote.gov, with over 330,000 visitors referred to the site via Swift&#8217;s custom link.
Following Swift&#8217;s endorsement, a Swift superfan <a href="https://www.benzinga.com/news/24/09/40866592/swifties-rally-for-kamala-harris-taylor-swift-superfan-organizes-online-push-for-democratic-ticket">organized an online campaign</a> to boost Harris&#8217;s presidential run. Despite the support from Swift and her fans, the ABC News/Ipsos poll suggests that Swift&#8217;s endorsement may not significantly influence the voting outcome.
Image via Shutterstock
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Trump's 'I Hate Taylor Swift' Met With Witty Response From Harris Campaign: 'The American People Want To Be Out Of The Woods'

President Joe Biden and Vice President Kamala Harris have expressed relief that former president Donald Trump has escaped unhurt in a <a href="https://www.benzinga.com/24/09/40869836/donald-trump-safe-and-unharmed-after-shooting-incident-at-florida-golf-club">second assassination attempt</a> in Florida.
What Happened: The Federal Bureau of Investigation reported that a man armed with an AK-style rifle tried to infiltrate the perimeter of the Trump International Golf Course in West Palm Beach. The Secret Service agents on duty reacted promptly, firing shots that led the man to abandon his weapon and escape in an SUV. He was later captured in a neighboring county, according to a report from The Hill.
Following the incident, Vice President Harris expressed her relief over Trump&#8217;s safety on social platform X, stating, &#8220;I am glad he is safe. Violence has no place in America.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I have been briefed on reports of gunshots fired near former President Trump and his property in Florida, and I am glad he is safe. Violence has no place in America.
&mdash; Vice President Kamala Harris (@VP) <a href="https://twitter.com/VP/status/1835403813475570113?ref_src=twsrc%5Etfw">September 15, 2024</a></blockquote>
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The incident was confirmed by both Trump&#8217;s campaign and the White House. Steven Cheung, Trump&#8217;s communications director, reassured the public of the former president&#8217;s safety. The Secret Service and the Palm Beach County Sheriff's Office are currently investigating the incident.
President Joe Biden was also briefed on the matter, and the White House expressed relief at Trump&#8217;s safety. The Trump campaign later addressed the incident in a fundraising email, assuring supporters that Trump was safe and well.
See Also: <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris Debate&#8217;s Results Are In: Flash Poll Shows Resounding Majority Pick Vice President As Winner, But She Still Trails GOP Rival By 20 Points On This Issue</a>
Why It Matters: As reported earlier by Benzinga, this incident occurred around 2 p.m. when a Secret Service agent, a member of Trump's security detail, fired at a man seen with an assault rifle near the Trump International Golf Course West Palm Beach. Law enforcement sources indicated that they do not believe the suspect had an opportunity to fire at Trump. The authorities later found the assault rifle.
&#8220;We have somebody in custody right now,&#8221; said Palm Beach County Sheriff Ric Bradshaw at a news conference, reported Reuters. The outlet, citing The New York Times and Fox News, said that the suspect is Ryan Wesley Routh, a 58-year-old from Hawaii. Notably, Bradshaw didn&#8217;t name the suspect or give details on the motives.
This is the second attempt on the ex-president&#8217;s life this year. In July, the House Homeland Security Committee hearing <a href="https://www.benzinga.com/news/24/07/39921902/trump-assassination-attempt-new-details-emerge-from-pennsylvanias-police-commissioner-eight-shots-we">revealed new details</a> about the July 13 assassination attempt on Trump. 
Col. Christopher Paris testified that the prior assassin Thomas Crooks fired eight shots at a rally in Pennsylvania before being neutralized by Secret Service agents, contradicting previous reports. The FBI is investigating the incident as domestic terrorism, and the Secret Service Director resigned shortly after.
Image via Shutterstock
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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Kamala Harris, Biden Express Relief That Trump Is Unhurt After Second Assassination Attempt: 'I Am Glad He Is Safe'

These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) shares jumped 36.59%. The company reported positive throughput trends at the expanded Rochester <a href="https://www.benzinga.com//node/40829092" target="_blank" rel="noreferrer noopener">Silver-Gold Mine in Nevada</a>.</li>
<li>Medical Properties Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) stock gained 32.85% last week after reaching a global settlement agreement that restored its control over its real estate and severed its relationship with Steward Health Care.</li>
<li>New Gold Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) shares were up 32.48%. The company provided an update on its <a href="https://www.benzinga.com//node/40810423" target="_blank" rel="noreferrer noopener">ongoing Rainy River exploration program</a>.</li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) stock gained 29.79% after the company reported better-than-expected Q2 financial results. Multiple analysts raised their <a href="https://www.benzinga.com/quote/RH/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts following the report</a>.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) stock escalated 29.17%.</li>
<li>Twist Bioscience Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) shares upped 26.89%. The company's Wilsonville, OR facility has earned LEED certification from the U.S. Green Building Council (USGBC) for meeting sustainability standards in its <a href="https://www.benzinga.com//node/40830370" target="_blank" rel="noreferrer noopener">building, operations, and maintenance</a>.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) stock rose 26.88%.</li>
</ol>
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<li><a href="https://www.benzinga.com/news/large-cap/24/09/40869968/moderna-tyson-foods-and-adobe-are-among-top-10-large-cap-stock-losers-last-week-sep-8-sep-14-are-t" target="_blank" rel="noreferrer noopener">Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?</a></li>
</ul>

Mid Cap

Coeur Mining, Medical Properties Trust And RH Are Among Top 7 Mid Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Rentokil Initial plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) shares plummeted 19.65% after the company revised the guidance <a href="https://www.benzinga.com//node/40814655" target="_blank" rel="noreferrer noopener">for the second half of FY24</a>.</li>
<li>Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) stock dived 17.31% after the company&#8217;s CFO noted intensifying credit challenges among <a href="https://www.benzinga.com//node/40800069" target="_blank" rel="noreferrer noopener">borrowers at a conference</a>. Several analysts cut the <a href="https://www.benzinga.com//node/40811970" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares dropped 11.26% after the company cut its R&amp;D expenses by $1.1 billion by 2027 and projected <a href="https://www.benzinga.com//node/40834547" target="_blank" rel="noreferrer noopener">2025 sales below expectations</a>. Many analysts <a href="https://www.benzinga.com/quote/mrna/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered the price target</a>.</li>
<li>Humana Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) stock decreased 9.93%, probably after this week&#8217;s <a href="https://www.benzinga.com/general/entertainment/24/09/40840076/trump-vs-harris-presidential-debate-viewership-tops-trump-biden-total-but-falls-short-of-re" target="_blank" rel="noreferrer noopener">Trump-Harris debate</a>.</li>
<li>Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) stock was down 7.57%.</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares decreased 7.14%.</li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares lost 5.69% last week following Q3 earnings. Several analysts cut their price forecasts for<a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener"> the stock</a>.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 5.38%.</li>
<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) stock lost 5.05% last week after COO tempered analyst outlook.</li>
<li>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) fell 4.87% last week. A JP Morgan analyst maintained Devon Energy with an Overweight rating and lowered the <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $64 to $51</a>.</li>
</ol>
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</ul>
Photo by Lutsenko_Oleksandr on Shutterstock

Large Cap

ADBE

ALLY

BEKE

MRNA

RYAAY

Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

<a href="https://apnews.com/live/trump-shooting-west-palm-beach-updates" title="https://apnews.com/live/trump-shooting-west-palm-beach-updates">https://apnews.com/live/trump-shooting-west-palm-beach-updates</a>

Palm Beach County Sheriff Said Gunman Had An AK-style Rifle With A Scope, Two Backpacks Hanging On A Fence And A GoPro Camera

-Reuters
<a href="https://www.reuters.com/world/us/trump-is-safe-following-gunshots-his-vicinity-says-campaign-2024-09-15/" title="https://www.reuters.com/world/us/trump-is-safe-following-gunshots-his-vicinity-says-campaign-2024-09-15/">https://www.reuters.com/world/us/trump-is-safe-following-gunshots-his-vicinity-says-campaign-2024-09-15/</a>

Palm Beach Law Enforcement Official Said Local Officials Arrested Suspect In Trump Golf Club Shooting Incident; Found An AK-47 Type Weapon; Official Said Trump Was Between 400 And 500 Yards Away From The Gunman

<a href="https://www.cnn.com/politics/live-news/trump-harris-election-09-15-24/index.html" title="https://www.cnn.com/politics/live-news/trump-harris-election-09-15-24/index.html">https://www.cnn.com/politics/live-news/trump-harris-election-09-15-24/index.html</a>

CNN Reporting FBI Investigating What Appears To Be An Attempted Assassination Of Trump

Donald Trump was abruptly escorted to safety following a shooting incident at his Florida golf club on Sunday afternoon. The event unfolded when a man, armed with an assault rifle, was seen in the vicinity of the club while Trump was present.
What Happened: As per a <a href="https://nypost.com/2024/09/15/us-news/shooting-reported-at-donald-trumps-golf-club-while-ex-president-was-on-grounds/">New York Post report</a>, the incident transpired around 2 p.m. when a Secret Service agent, a member of Trump&#8217;s security detail, fired at a man seen with an assault rifle near the Trump International Golf Course West Palm Beach. The suspect managed to escape the scene.
Law enforcement sources have indicated that they do not believe the suspect had an opportunity to fire at Trump. The authorities later found the assault rifle.
See Also: <a href="https://www.benzinga.com/news/24/09/40846236/i-have-a-bad-feeling-about-this-elon-musk-is-alarmed-about-moscow-nato-conflict-risk-if-ukraine-allo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;I Have A Bad Feeling About This&#8217; — Elon Musk Is Alarmed About Moscow-NATO Conflict Risk If Ukraine Allow</a>
Trump reached out to his supporters with a statement, reassuring them of his safety. &#8220;There were gunshots in my vicinity but before rumors start spiraling out of control, I wanted you to hear this first: I AM SAFE AND WELL!&#8221; he stated.
The suspect was subsequently captured by local police on I-95. His motives are still unclear. This incident follows an assassination attempt on Trump at a rally in Butler, Pa., two months ago.
The Secret Service is presently probing the incident in collaboration with the Palm Beach County Sheriff's office. The White House has confirmed that both President Joe Biden and Vice President Kamala Harris have been briefed about the situation and expressed relief at Trump&#8217;s safety.
Why It Matters: This incident, as reported by <a href="https://apnews.com/article/trump-shooting-gunshots-florida-f62f8378d3a8ce7b2e99d6a8fb40aba9">AP News</a>, is the second time in two months that Trump has been targeted. A man with an AK-style rifle had pointed the firearm's muzzle into Donald Trump's golf club in West Palm Beach, Florida, while the former president was playing a round, prompting the U.S. Secret Service to open fire. The FBI is investigating what they believe to be an &#8220;attempted assassination&#8221; of the former Republican presidential candidate. This raises serious concerns about the safety of political figures and the increasing instances of violence aimed at them.
Read Next: <a href="https://www.benzinga.com/news/24/09/40867103/nate-silver-if-trump-loses-he-will-have-let-election-slip-out-of-his-grasp-as-underlying-factors-fav?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nate Silver: If Trump Loses, He Will Have Let Election &#8216;Slip Out Of His Grasp&#8217; As Underlying Factors Favor Him Despite Harris&#8217; Poll Lead</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Donald Trump Safe And Unharmed After Shooting Incident At Florida Golf Club

The <a href="https://www.benzinga.com/news/24/09/40806876/final-showdown-trump-and-harris-face-off-in-intense-debate-just-eight-weeks-before-election-day">presidential debate held last week</a> did little to alter the equation between Republican candidate Donald Trump and his Democratic rival Kamala Harris, new poll results published on Sunday showed.
The Head-to-Head Tally: Harris received 51% support among registered voters compared to 47% support for Trump, the <a href="https://www.langerresearch.com/wp-content/uploads/1236a1AftertheHarris-TrumpDebate.pdf">poll</a> conducted by ABC News, who hosted the debate, along with Ipsos showed. The former&#8217;s slight lead is statistically unchanged from the previous ABC/Ipsos poll conducted before the debate.
The survey was conducted between Sept. 11-13 and 3,276 adults were surveyed for the purpose.
Among likely voters, the tally was 52%-46% in favor of Harris, unchanged from the numbers seen before the debate.
The share of Harris supporters who strongly backed her was 62%, while Trump supporters who strongly backed him was at 56%, down from 60% at the end of August.
The survey found that<a href="https://www.benzinga.com/news/24/09/40866592/swifties-rally-for-kamala-harris-taylor-swift-superfan-organizes-online-push-for-democratic-ticket"> Taylor Swift&#8217;s endorsement</a> had little impact. Merely 6% said the popular singer-songwriter's endorsement of Harris makes them more likely to vote for her. While 13% said it makes them less likely to support her, 81% saying it makes no difference. 
See Also: <a href="https://www.benzinga.com/news/24/09/40867103/nate-silver-if-trump-loses-he-will-have-let-election-slip-out-of-his-grasp-as-underlying-factors-fav">Nate Silver: If Trump Loses, He Will Have Let Election &#8216;Slip Out Of His Grasp&#8217; As Underlying Factors Favor Him Despite Harris&#8217; Poll Lead</a>
Debate Performance: Harris won hands down, according to the respondents, with 58% picking her as the winner and 36% opining that Trump won. Thirty-seven of the respondents said the debate made them think more favorably about the vice president, more than double that of the 17% who felt the same about Trump. Thirty percent of the respondents said the debate made them feel less favorably about the former president.
The benefit for Harris came from her voter base, as 60% of the Democratic and Democratic-leaning independent voters said the debate made them feel more favorably toward her. On the other hand, only 34% of the Republican and Republican-leaning independent voters said the debate made them see Trump more favorably.
&#8220;The absence of movement in vote preferences, despite a 22-point tilt to Harris as having won the debate, marks the sharply polarized nature of the electorate,&#8221; the pollster said. &#8220;Almost everyone has a preference between Harris or Trump, and among those who do, few say they'd even consider the other,&#8221; it added.
Among demographics, Harris led Trump among women, while among men, both were neck-on-neck. She had a 13-point lead over Trump among registered voters in the 18-29 years age category and a stronger 19-point lead among likely voters. The vice president&#8217;s good showing in this category is primarily attributable to strong support among women in this age group. 
Harris had a thumping 81% support among Black registered voters and 89% support among likely voters in this racial group. She also led among Hispanic voters, with 7% support, while among white registered voters, she trailed by a 43%-54% margin.
Voter Issues: The economy and inflation continue to dominate as the top issues in the election, and Trump led Harris by seven points in voter trust in his ability to handle both. He had a 10-point lead over Harris in voter trust to handle immigration.
On the other hand, Harris had a seven-point lead on &#8220;protecting American democracy&#8221; and a 9-point lead on handling health care. The two remain evenly matched on crime and safety.
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Media

Trump Vs. Harris: Vice President's Strong Debate Showing, Taylor Swift Endorsement Do Not Move Needle On Her Poll Numbers As Pollster Cites This Reason

Former White House Communications Director Anthony Scaramucci has criticized Donald Trump&#8216;s alliance with far-right activist Laura Loomer, calling it a <a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva">move towards extreme nativism</a>.
What Happened: Scaramucci went on X to express his concerns about the Trump-Loomer alliance. He described it as an inevitable outcome, given Trump&#8217;s current advisory circle. According to Scaramucci, these advisors are exploiting Trump&#8217;s ego to pursue their radical visions of a white ethnostate.
<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">Trump-Loomer couple was inevitable. Trump is now guided by his most extreme and nativist advisors who play off his ego to fulfill half-baked visions of a white ethnostate. The mask is off &#8211; it&#39;s time all moderate Republicans stand up.<a href="https://twitter.com/AC360?ref_src=twsrc%5Etfw">@AC360</a> <a href="https://t.co/uzbAZ3lZQ8">pic.twitter.com/uzbAZ3lZQ8</a>
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1834680864313061541?ref_src=twsrc%5Etfw">September 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Scaramucci&#8217;s tweet was a direct call to action for moderate Republicans. &#8220;The mask is off &#8211; it&#8217;s time all moderate Republicans stand up,&#8221; he wrote. 
This statement implies an urgent need for intervention from moderate voices within the Republican party to counterbalance the extreme ideologies.
Also Read: <a href="https://www.benzinga.com/news/24/09/40761709/anthony-scaramucci-trump-will-lose-then-start-panicking-over-november-sentencing">Anthony Scaramucci: Trump Will Lose, Then &#8216;Start Panicking&#8217; Over November Sentencing</a>
Why It Matters: Scaramucci&#8217;s comments come at a time when the Republican party is grappling with internal divisions. The alliance between Trump and Loomer, a controversial political figure known for her extreme views, is seen by some as a move towards more radical politics. 
This shift could potentially alienate moderate Republicans and further polarize the party.
Scaramucci&#8217;s call to action suggests a growing concern among some Republicans about the direction the party is taking. His comments reflect a desire for a more balanced and inclusive Republican party that can appeal to a broader demographic.
Read Next
<a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot" target="_blank" rel="noreferrer noopener">Scaramucci: ‘Trump Is In Trouble And He Knows It', Slams Him On Conflicting Abortion Statements: ‘He's Shotgunning Out Statements And Words'</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Scaramucci Says Trump-Loomer Union Marks Dangerous Shift Towards Extreme Nativism

Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)<a href="https://in.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri"> iPhone 16 unveiled at the Glowtime event </a>last week did not live up to the hype but it made up for some of the disappointment with its hearing aid and health upgrades, said Bloomberg&#8217;s Mark Gurman on Sunday.
Why iPhone 16 Disappointed: The iPhone upgrade was mostly about &#8220;refining device&#8217;s nuts and bolts&#8221; rather than introducing exciting or new features, <a href="https://www.bloomberg.com/news/newsletters/2024-09-15/apple-s-hearing-aid-sleep-apnea-saved-iphone-16-event-m4-mac-launch-details-m13kkabb?srnd=undefined">said </a>Gurman in the latest instalment of his Power On newsletter. 
Among the changes to the iPhone were the addition of a dedicated hardware button to take pictures and video, redesigned interiors to dissipate heat, and aggressive upping of battery life, the Apple specialist said. Additionally, the company brought previously Pro-level features like active noise cancellation, down the market, and replaced its aging $129 model with a fresh design, he added.
Having the button to take pictures and video, and the addition of the second 48-megapixel lens and expanded slow-motion video recording, will entice people to create more media, leaving users needing additional storage either on their phone or in iCloud, the columnist said. This could boost the bottom-line, he said.
Gurman said none of these changes are significant to drive a super-cycle but the company&#8217;s brand, product ecosystem and marketing muscle are all so strong that even bare minimum upgrade is usually enough. 
Knowing well that the new iPhone hardware was a major leap over the previous iteration, Apple focused mostly on Apple Intelligence, its new suite of AI tools, the Apple leaker said. But these features work with iPhone 15 Pro models as well, he noted.
The improvement in the processor speed following Apple&#8217;s two-generation jump from A16 to A18, may be subtle for existing iPhone users and could be perceived only by those moving from Android to iPhone, he said.
Other hardware launches such as new AirPods 4, and Apple Watch hardware upgrades etc weren&#8217;t impressive either, he added.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-apple-stock">How To Buy Apple (AAPL) Stock</a>
The Show-stealer: The highlight of the Glowtime event was the debut of some long-awaited health features, including hearing-aid software for the AirPods Pro, said Gurman. &#8220;But even without much razzle-dazzle on the hardware side, Apple has a saving grace: its new health features,&#8221; he said.
CEO Tim Cook signaled that Apple&#8217;s legacy will be its healthcare initiatives, Gurman said, adding that the company has already helped hundreds of millions of people lead healthier lives. The columnist noted that the sleep apnea detection on the Apple Watch can warn users having this condition, who can then go and consult a doctor. This, he said, can help a lot of people.
The most impressive health initiative coming this year is the new set of hearing feature, which turns AirPods into a clinical-grade hearing test machine as well as an over-the-counter hearing aid, Gurman said. <a href="https://www.benzinga.com/news/large-cap/24/09/40841812/fda-approves-first-otc-hearing-aid-software-compatible-with-apples-airpods-pro">The technology is now approved by the FDA</a>, he noted.
Working out the cost advantage, Gurman said a conventional hearing aid could cost from $300 to north of $2,000, while Apple&#8217;s offering brings the price point to $249 with the AirPods Pro. &#8220;That's critical given that most U.S. insurance companies don't reimburse over-the-counter hearing-aid purchases. It also will integrate more seamlessly with the iPhone, giving it a better interface than most existing hearing devices,&#8221; he said.
Gurman noted that other future Apple health features will include &#8220;embedding heart-rate sensors in the AirPods, as well as an AI-driven health coaching service for the Apple Watch and iPhone.&#8221; He also said there are more blood-pressure management tools in development for the iPhone and iPad Health app.
Some of the smartest engineering minds are working on non-invasive glucose monitoring to detect diabetes, which could prove to be the &#8220;ultimate health addition for the Apple Watch,&#8221; he added.
Apple ended Friday&#8217;s session down 0.12 % to $222.50, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link.</a>
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Equities

Tech

AAPL

No 'Razzle-Dazzle' With Latest iPhone, But Apple Wowed With These 2 'Glowtime' Announcements, Says Gurman

Vice President Kamala Harris got a small boost following the debate with Republican candidate Donald Trump but <a href="https://www.benzinga.com/news/24/09/40867103/nate-silver-if-trump-loses-he-will-have-let-election-slip-out-of-his-grasp-as-underlying-factors-fav">most political analysts do not think it has given her a decisive lead.</a> Anthony Scaramucci, who was brought in as one of the guests and surrogates by Harris at the debate, weighed in on what her next moves should be.
Economy Criticism: One of the issues that has put Democratic party on the backfoot is economy. In the latest episode of the Rest Is Politics US podcast, Scaramucci <a href="https://www.youtube.com/watch?v=HmvGyQlHRE4">said</a> she can unpin the blame by going out and saying that inflation is not really the party&#8217;s fault. The federal government had to plow in $3 trillion in cash into the economy to save the people when lockdown restrictions were in place, the Federal Reserve&#8217;s interest rate reduction to near-zero levels added another $4 trillion into the economy and because the supply-chain broke, there was short supply of goods and services, stoking inflationary pressure, said Scaramucci, who very briefly served as the White House Communications Director.
Harris has to send the messaging that her party is not to be blamed for inflation and that it was trying to save the economy, highlighting the things the Joe Biden administration has done done to slow down inflation, he added.
&#8220;She&#8217;s not doing that and she&#8217;s got to get out there and do that,&#8221; Scaramucci, a businessman and founder of SkyBridge Capital, said. She has to allay concerns and say the next six months is going to be better and &#8220;if you stay the course with me, the next two years is going to be even better,&#8221; he said.
The vice president has to make it clear that, &#8220;if your go with Mr. Tariff Trump, you are going to have 20% tariffs , 100% tariffs&#8221; and she may have to talk about regressive taxation and point out that he was stealing the money of the lower and middle income families, he said.
Harris also has to clarify about the clampdown on price gouging that she announced as one of her policy focus, which hasn&#8217;t been received well. Scaramucci said the vice president has to explain to consumers that her administration would create fairness for consumers in the freest possible market.
See Also: <a href="https://www.benzinga.com/news/24/09/40811055/polling-veteran-nate-silver-says-kamala-harris-got-the-debate-she-wanted-as-fatigued-trump-couldnt-b">Polling Veteran Nate Silver Says Kamala Harris Got The Debate She Wanted As Fatigued Trump Couldn&#8217;t Bring His &#8216;A-Game&#8217; After The Initial Momentum</a>
Gender &#8211; Disadvantage? In America, a woman has to get 10 steps higher than any man and there are three things that she&#8217;s got to hammer into her campaign her strategist and herself, Scaramucci said. First thing is sanity as this election is all about making a choice between sanity and insanity &#8211; a &#8220;dog-eating, cat-eating, election denying , orange lunatic, who is 78 years old and is in mental decline,&#8221; he said.
The Democratic campaign should also focus on freedom, the businessman said, as he noted that Trump&#8217;s team wants to <a href="https://www.benzinga.com/general/politics/24/02/37323321/trump-wants-to-weaponize-intelligence-agencies-with-loyalist-appointments-former-official-warns">fire 50,000 federal employees and rehire people who pass a loyalty test</a>, thereby politicizing the government. This freedom would also include reproductive freedom, he added.
Harris would also do well by focusing on the middle class, the ex-White House aide said. She should be saying &#8220;the orange guy that I&#8217;m running against has done nothing to expand the middle class; Let&#8217;s go over the Biden-Harris strategy and let&#8217;s talk about what we have actually done to help the people that are aggrieved with the system,&#8221; he added.
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Anthony Scaramucci Explains How Kamala Harris Can Improve Her Poor Economic Polling: 'She Has To Get Out There And Do That'

In the midst of the 2024 presidential campaign, Vice President Kamala Harris finds herself under the microscope for her involvement in the closure of Backpage.com, a well-known online platform for adult services, during<a href="https://www.benzinga.com/news/24/09/40866884/trump-vs-harris-tense-standoff-in-nail-biter-polls"> her time as the Attorney General of California.</a>
What Happened: Harris took a strong stance against the founders of Backpage.com in 2016, leading to the first-ever criminal charges against the website. 
This case, which never saw the inside of a courtroom, triggered a nationwide crackdown on the site and is currently a significant aspect of Harris&#8217; hardline crime narrative in her presidential bid.
However, detractors argue that Harris&#8217; strategy was excessively punitive. They contend that Backpage.com was primarily a safe haven for sex workers to liaise with adult clients for consensual services. They allege that the site&#8217;s closure hindered efforts to probe into cases of underage or forced prostitution.
Also Read: <a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state">Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State</a>
Maggy Krell, one of Harris' former deputies in the California attorney general's office said, &#8220;Every politician of every party is on the bandwagon to say what they've done to fight human trafficking, right? What's unique about Harris is she started it all. She literally started it all."
"She was the first one out of the foxhole on Backpage," Krell added. "I remember the conversation really well. She was really concerned about the victims."
Just last month, the 76-year-old co-founder of the website was handed a five-year prison sentence on a federal money-laundering charge. He started serving his sentence this week, while his legal team works on an appeal.
So far, the Harris campaign has not provided any comments on her part in the Backpage shutdown or her current stance on the criminalization of prostitution.
Why It Matters: The Backpage.com controversy is a significant part of Harris&#8217; past and could potentially impact her presidential campaign. 
Her role in the shutdown of the platform, which was widely used by sex workers, has been criticized as overly punitive and detrimental to efforts to investigate cases of coerced or underage prostitution. 
As the presidential race heats up, it remains to be seen how this issue will affect Harris&#8217; campaign and whether her stance on the criminalization of prostitution will evolve.
Read Next
<a href="https://www.benzinga.com/news/24/08/40667209/trump-vs-harris-new-polls-reveal-this-candidate-is-outperforming-in-swing-states" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Polls Reveal This Candidate Is Outperforming In Swing States</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Former Deputy Claims Harris Helped Close Backpage, Fallout Affects Sex Workers

In his recent debate with Vice President Kamala Harris, former President Donald Trump&#8216;s stance on key health care issues, including the Affordable Care Act (ACA) and abortion, came under intense scrutiny. His responses, often vague and contradictory, highlighted his <a href="https://www.benzinga.com/news/24/02/37192851/donald-trump-mulls-16-week-abortion-ban-in-private-conversations-with-allies">ongoing struggle with these critical topics.</a>
What Happened: Trump&#8217;s handling of the ACA, also known as ObamaCare, and his inconsistent positions on abortion were brought into sharp focus during the debate. 
Trump remained noncommittal about his plans for both subjects, leading Republican strategist Chuck Coughlin to comment that Trump &#8220;absolutely stepped on every possible land mine in both of those.&#8221;
According to the report <a href="https://thehill.com/policy/healthcare/4878204-trump-stumbles-health-care/">by </a>The Hill, On the subject of ObamaCare, Trump hinted at a potential attempt to repeal the law again but did not commit to having a replacement plan. He criticized the law as &#8220;lousy,&#8221; but reluctantly pledged to manage it &#8220;as good as it can be run&#8221; until a better and cheaper option is available.
Trump&#8217;s lack of a concrete plan to replace ObamaCare if repealed was also exposed during the debate. &#8220;I have concepts of a plan. I&#8217;m not president right now,&#8221; Trump said. 
Also Read: <a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state">Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State</a>
Coughlin found Trump&#8217;s comments revealing, stating, &#8220;I think it spoke to the reason McCain gave the thumbs down is they never had an alternative plan.&#8221;
Trump&#8217;s shifting positions on abortion were also on display during the debate. He avoided committing to vetoing a national abortion ban and made several false claims about Democrats&#8217; stance on abortion.
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Why It Matters: These issues are crucial in the upcoming election, with Democrats focusing on health care and polls indicating voters&#8217; interest in plans to lower health costs. 
Trump&#8217;s inconsistent positions on these issues could potentially impact his campaign. The debate has brought these topics to the forefront, and the public will be watching closely to see how Trump&#8217;s positions evolve in the lead up to the election.
Read Next
<a href="https://www.benzinga.com/news/24/08/40667209/trump-vs-harris-new-polls-reveal-this-candidate-is-outperforming-in-swing-states" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Polls Reveal This Candidate Is Outperforming In Swing States</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Trump Stumbles Again Over Health Care Issues Involving Abortion And Obamacare

According to investors and recent financial reports, the technology sector is experiencing broad weakness despite the buzz around artificial intelligence (AI). Many companies are still struggling with <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40767784/nvidia-microsofts-ai-rally-hides-tech-sectors-underlying-weakness-warn-experts-ther" rel="noreferrer noopener">the recession that started in 2022</a>.
Gaming, Streaming Platform &amp; TV
Seven of the gaming industry&#8217;s biggest names—Epic Games, Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Activision Blizzard, Mojang Studios,&nbsp;Tencent Holding Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Supercell, and UbiSoft Entertainment Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UBSFF#OTC">UBSFF</a>) —are facing new accusations from the European Consumer Organisation (BEUC) of deceiving players into <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40843191/epic-ea-ubisoft-face-accusations-of-deceit-over-in-game-purchases-eu-complaint-filed" rel="noreferrer noopener">overspending on&nbsp;in-game purchases</a>.
UbiSoft faces pressure from a minority shareholder to go private following the <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40801168/ubisoft-is-mismanaged-shareholders-are-hostages-investor-demands-video-game-company-go-private-aft" rel="noreferrer noopener">release of&nbsp;Star Wars Outlaws</a>.
Martyn Ware, co-founder of the synth-pop band Heaven 17, has publicly rejected an offer from&nbsp;Take-Two Interactive Software, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) Rockstar Games to license the group&#8217;s hit song &#8220;Temptation&#8221; in <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40779329/grand-theft-auto-6-licensing-dispute-martyn-ware-slams-rockstars-extremely-low-7-500-offer" rel="noreferrer noopener">the upcoming&nbsp;Grand Theft Auto 6 (GTA 6)</a>.
Netflix Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)&nbsp;mobile gaming catalog has surpassed 210 million downloads, marking a notable milestone in the streaming company&#8217;s <a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40802898/netflix-games-hit-210m-downloads-which-game-took-the-no-1-spot" rel="noreferrer noopener">expansion into the&nbsp;gaming industry</a>.
Microsoft recent overhaul of Xbox Game Pass has brought significant changes to the subscription service, impacting how gamers access <a target="_blank" href="https://www.benzinga.com/24/09/40840369/microsofts-new-xbox-game-pass-tiers-which-games-will-you-lose" rel="noreferrer noopener">some of the industry&#8217;s&nbsp;anticipated titles</a>.
Pay-TV provider DirecTV lodged a complaint against Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)&nbsp;with the&nbsp;Federal Communications Commission, accusing <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40765624/disney-accused-of-bad-faith-negotiations-by-directv-in-fcc-complaint-ahead-of-trump-harris-" rel="noreferrer noopener">the mouse house of &#8220;bad faith&#8221; negotiations</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40808078/directv-and-disneys-couldnt-even-agree-on-bringing-abc-temporarily-back-for-the-trump-harris-debate" rel="noreferrer noopener">DirecTV And Disney&#8217;s Couldn&#8217;t Even Agree On Bringing ABC Temporarily Back For The Trump-Harris Debate</a>
Smartphones
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) introduced the&nbsp;iPhone 16&nbsp;series, which is &#8220;designed for Apple <a target="_blank" href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri" rel="noreferrer noopener">Intelligence from the ground up,&#8221;</a>
The&nbsp;iPhone 16&nbsp;series will be powered by&nbsp;ARM&nbsp;Holdings&#8217; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) latest chip technology, <a target="_blank" href="https://www.benzinga.com/news/24/09/40766753/iphone-16-to-feature-arms-next-gen-ai-chip-technology-what-you-should-know-about-apples-move" rel="noreferrer noopener">designed to improve AI capabilities</a>.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/09/40767418/iphone-16-series-production-data-unveiled-by-top-apple-analyst-9m-to-16m-units-shipments-for-august" rel="noreferrer noopener">iPhone 16 Series Production Data Unveiled By Top Apple Analyst: 9M To 16M Units Shipments For August And September Expected</a>
Apple&nbsp;has commenced the production of its newly launched iPhone 16 series in India, reflecting <a target="_blank" href="https://www.benzinga.com/news/24/09/40826717/apples-iphone-production-move-to-india-signals-broader-tech-exodus-from-china-with-microsoft-and-ama" rel="noreferrer noopener">a broader trend among tech giants</a>.
Apple unveiled the Apple Watch Series 10, featuring <a target="_blank" href="https://www.benzinga.com/news/24/09/40779019/apple-watch-series-10-announced-with-larger-display-thinner-design" rel="noreferrer noopener">a larger display and thinner design</a>. The company also announced the AirPods 4, with the price starting at $129, while the <a target="_blank" href="https://www.benzinga.com/news/24/09/40779374/apple-announces-airpods-4-with-wireless-charging-along-with-a-new-anc-variant-prices-start-at-129" rel="noreferrer noopener">AirPods 4 ANC is priced at $179</a>.
Apple is reportedly in discussions with&nbsp;Micron, Tata Group and other Indian chip manufacturers to procure <a target="_blank" href="https://www.benzinga.com/news/24/09/40785446/apple-in-talks-with-micron-tata-group-to-secure-india-made-chips-for-locally-made-iphones" rel="noreferrer noopener">semiconductors for its locally-produced&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40785446/apple-in-talks-with-micron-tata-group-to-secure-india-made-chips-for-locally-made-iphones" rel="noreferrer noopener">iPhones</a>.
Chinese tech heavyweight&nbsp;Huawei Technologies&#8217;&nbsp;newest tri-fold smartphone, the&nbsp;Mate XT, attracted 1.3 million orders <a target="_blank" href="https://www.benzinga.com/news/24/09/40765746/apples-iphone-16-launch-parade-on-monday-gets-rained-on-by-huawei-chinese-companys-tri-fold-phone-ge" rel="noreferrer noopener">within seven hours of opening reservations</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40765900/apple-watch-ultra-3-announcement-unlikely-at-mondays-glowtime-event-says-top-analyst-i-also-wouldnt" rel="noreferrer noopener">Apple Watch Ultra 3 Announcement Unlikely At Monday&#8217;s &#8216;Glowtime&#8217; Event, Says Top Analyst: &#8216;I Also Wouldn&#8217;t Rule Out…&#8217;</a>
Apple seems to have silently phased out its controversial FineWoven iPhone cases, as they are no longer <a target="_blank" href="https://www.benzinga.com/news/24/09/40809459/apple-quietly-phases-out-categorically-terrible-finewoven-iphone-cases-report" rel="noreferrer noopener">available on the company's website</a>.
Technology
Meta Platforms, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>),&nbsp;Snap&nbsp;Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), and&nbsp;ByteDance-owned&nbsp;TikTok have announced a joint initiative to combat&nbsp;the spread of <a target="_blank" href="https://www.benzinga.com/news/24/09/40846628/meta-snap-and-tiktok-come-together-to-combat-suicide-and-self-harm-content-online-will-share-signals" rel="noreferrer noopener">suicide and&nbsp;self-harm content online</a>.
In a strategic move to enhance its product offerings,&nbsp;Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is reportedly contemplating the acquisition of certain <a target="_blank" href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report" rel="noreferrer noopener">segments of&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report" rel="noreferrer noopener">Intel Corp. </a><a target="_blank" href="https://www.benzinga.com/news/24/09/40745239/apple-supplier-qualcomm-eyes-intel-units-to-bolster-product-line-report" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</a>.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rival&nbsp;Groq&nbsp;announced on Tuesday that it will deploy AI in Saudi Arabia in 2024, in partnership with&nbsp;Aramco Digital, at the ongoing Global <a target="_blank" href="https://www.benzinga.com/news/24/09/40796193/groq-to-deploy-ai-in-saudi-arabia-with-aramco-aims-to-match-2023-microsoft-openai-capacity-by-2025" rel="noreferrer noopener">AI Summit (GAIN) in Riyadh, Saudi Arabia</a>.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary&nbsp;Google&nbsp;underscored the importance of empowering users with fact-check tools amid the rising use of AI, at the third edition of the Global AI Summit <a target="_blank" href="https://www.benzinga.com/news/24/09/40788721/google-underscores-importance-of-empowering-users-with-fact-check-tools-amid-rising-use-of-ai" rel="noreferrer noopener">(GAIN) in Riyadh, Saudi Arabia</a>.
In response to a global IT outage triggered by a faulty software update,&nbsp;Microsoft has announced <a target="_blank" href="https://www.benzinga.com//node/40791329" rel="noreferrer noopener">plans to host a cybersecurity summit</a>.
Microsoft has reportedly laid off 650 employees in its gaming division, months after the company laid off 1,900 employees following its&nbsp;$68.7 <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40829756/microsoft-cuts-650-xbox-jobs-amid-restructuring-following-activision-blizzard-deal-report" rel="noreferrer noopener">billion acquisition&nbsp;of&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40829756/microsoft-cuts-650-xbox-jobs-amid-restructuring-following-activision-blizzard-deal-report" rel="noreferrer noopener">Activision Blizzard</a>.
Samsung Electronics&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) instructed its global subsidiaries to decrease sales and marketing staff by around 15% <a target="_blank" href="https://www.benzinga.com/news/24/09/40812318/samsung-to-reportedly-slash-global-workforce-by-up-to-30-in-certain-divisions-amid-intense-competiti" rel="noreferrer noopener">and administrative staff by up to 30%</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40826639/mark-zuckerberg-live-event-sold-out-stadium-meta-ceo-attracted-thousands-eager-to-hear-him-speak-on" rel="noreferrer noopener">Mark Zuckerberg Live Event Sold Out Stadium: Meta CEO Attracted Thousands Eager To Hear Him Speak On &#8216;The Next Decade Of Social, Technology, And AI&#8217;</a>
Elon Musk
Tesla&nbsp;and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;has expressed his astonishment at&nbsp;YouTube&#8217;s&nbsp;decision to restrict teenagers&#8217;&nbsp;access <a target="_blank" href="https://www.benzinga.com/news/24/09/40766389/elon-musk-expresses-disbelief-over-youtubes-restriction-on-fitness-videos-for-teens-globally-serious" rel="noreferrer noopener">to certain health and&nbsp;fitness videos</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40784773/elon-musk-liked-the-camera-on-iphone-15-but-iphone-16-doesnt-get-much-love-from-the-techno-king-here" rel="noreferrer noopener">Elon Musk Liked The Camera On iPhone 15, But iPhone 16 Doesn&#8217;t Get Much Love From The Techno King: Here&#8217;s What He Said</a>
Musk revealed that Tesla's Dojo 2 supercomputer should be&nbsp;in volume production by the&nbsp;end of 2025. The tech mogul expressed confidence in Dojo's potential but noted that its true capabilities would only be known after the third <a target="_blank" href="https://www.benzinga.com/news/24/09/40787336/elon-musk-reveals-timeline-for-teslas-dojo-supercomputer-upgrade-comparable-to-a-nvidia-b200-type-sy" rel="noreferrer noopener">major iteration, expected in late 2026</a>.
Artificial Intelligence
OpenAI,&nbsp;the AI research lab,&nbsp;has launched a new model, ‘o1', which is the first in a series of "reasoning" models. This model can answer complex questions faster than a human. The company has also introduced a <a target="_blank" href="https://www.benzinga.com/top-stories/24/09/40842891/openai-unveils-o1-model-a-step-closer-to-human-like-ai-but-not-without-flaws" rel="noreferrer noopener">smaller, more affordable version, ‘o1-mini'</a>.
ChatGPT-parent&nbsp;OpenAI&nbsp;is reportedly in discussion to raise $6.5 billion in equity financing, which <a target="_blank" href="https://www.benzinga.com/news/24/09/40825072/openais-valuation-could-skyrocket-to-150b-in-new-fundraising-positioning-it-among-the-worlds-most-va" rel="noreferrer noopener">could&nbsp;bring its valuation&nbsp;to $150 billion</a>.
OpenAI CEO&nbsp;Sam Altman faced backlash from&nbsp;ChatGPT&nbsp;subscribers after he responded to a user's<a target="_blank" href="https://www.benzinga.com/news/24/09/40846309/sam-altman-wants-chatgpt-users-to-have-gratitude-for-magic-intelligence-in-the-sky-after-they-ask-ab" rel="noreferrer noopener"> question about&nbsp;new voice features</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40825968/bipartisan-coalition-of-42-state-ags-urges-congress-to-mandate-surgeon-general-warnings-on-social-me" rel="noreferrer noopener">Bipartisan Coalition Of 42 State AGs Urges Congress To Mandate Surgeon General Warnings On Social Media Apps Like TikTok, X, And Meta&#8217;s Instagram To Address Growing Mental Health Concerns</a>
Google's artificial intelligence model,&nbsp;PaLM2, has come under the radar of Europe's privacy watchdog over concerns <a target="_blank" href="https://www.benzinga.com/news/24/09/40824870/google-ai-model-palm2-under-probe-for-data-regulations-breach-by-european-privacy-watchdog" rel="noreferrer noopener">related to the handling of personal data</a>.
Mark Cuban, the&nbsp;billionaire entrepreneur&nbsp;and&nbsp;part-owner of the&nbsp;Dallas Mavericks, has publicly praised&nbsp;Elon Musk&#8217;s AI chatbot,&nbsp;Grok, to Vice President&nbsp;Kamala Harris&#8217; immigration <a target="_blank" href="https://www.benzinga.com/news/24/09/40767860/mark-cuban-praises-elon-musks-ai-chatbot-grok-for-answering-kamala-harris-pov-on-immigration-i-think" rel="noreferrer noopener">viewpoint, terming it as &#8220;accurate&#8221;</a>.

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Consumer Tech News (Sep 8-Sep 14): Gaming Industry Biggies Facing Accusations For Decieving Players, Apple Launches iPhone 16 & More

Donald Trump&#8216;s media startup Trump Media &amp; Technology Group Corp. has experienced a substantial depreciation in its value, <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">shedding nearly $4 billion</a>.
What Happened: As the lockup agreement nears its expiration, the company&#8217;s major shareholders are gearing up for a possible sell-off. The company, which operates the social media platform Truth Social, has witnessed a loss of approximately $6 billion in value over the last four months. 
The stock has plummeted to its lowest level since its initial public offering through a special-purpose acquisition company (SPAC) merger in March.
According to the report <a href="https://www.bloomberg.com/news/articles/2024-09-14/trump-can-only-watch-as-his-media-stake-takes-a-4-billion-dive?srnd=homepage-americas&amp;sref=TBDibEcD">by</a> Bloomberg, Trump, who holds about 60% of the company, has seen his stake dwindle to roughly $2.1 billion. Other significant shareholders, including Andy Litinsky and Wes Moss, co-founders of the company, and Patrick Orlando, whose fund facilitated the SPAC merger, have also suffered considerable losses.
With the lockup agreement&#8217;s termination on the horizon, investors are expecting a wave of sales from these insiders. However, Trump has asserted that he has no intention of selling his shares. Despite this, the stock experienced a 12% surge following his statement.
Also Read: <a href="https://www.benzinga.com/news/24/03/37906118/can-trump-sell-his-stock-in-truth-social-to-pay-bills-his-son-could-be-the-answer">Can Trump Sell His Truth Social Stock To Pay Bills? His Son Could Be The Answer</a>
The stock of Trump Media has been underperforming, dropping to $17.97 from $40.58 on July 15. Despite reporting second-quarter revenues of less than $1 million, the company&#8217;s valuation remains high.
As the lockup period concludes, investors are bracing for potential selling pressure. However, major shareholders may face difficulties in discreetly offloading their holdings.
Why It Matters: The impending lockup expiry has created a sense of uncertainty among the shareholders. The significant drop in the company&#8217;s value has raised concerns about the company&#8217;s future performance. The situation is further complicated by Trump&#8217;s assertion of not selling his shares, which has led to a temporary surge in the stock price. 
However, the long-term impact of this decision remains to be seen. The company&#8217;s high valuation, despite its underwhelming revenues, is another point of concern for the investors. 
As the lockup period ends, the market is likely to witness significant activity, the outcome of which will play a crucial role in shaping the company&#8217;s future.
Read Next
<a href="https://www.benzinga.com/news/24/08/40667098/donald-trumps-billions-on-hold-as-insiders-sell-off-truth-social-shares">Donald Trump&#8217;s Billions On Hold As Insiders Sell Off Truth Social Shares</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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