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In a critique that pits the <a href="https://www.benzinga.com/general/space/24/09/40697380/bezos-vs-musk-battle-heads-to-space-how-amazon-founder-is-taking-tesla-ceo-on-more-directly">business philosophies of tech titans</a> Jeff Bezos and Elon Musk against each other, Y Combinator Group Partner David Lieb has sparked questions over Musk&#8217;s management of Twitter, now known as X.
What Happened: Lieb&#8217;s comments, posted on the platform itself, challenge the notion that success in one industry guarantees triumph in another, particularly targeting Musk&#8217;s approach to social media.
Lieb invoked Amazon.com Inc. founder Bezos&#8217; wisdom, stating, &#8220;As Bezos once said, taste is not transferable across domains.&#8221; This reference to Bezos, a long-time rival of Musk in both the space and technology sectors, sets the stage for a pointed analysis of Musk&#8217;s ventures beyond Tesla Inc. and SpaceX.
The Y Combinator partner didn&#8217;t pull punches in his assessment of Musk&#8217;s performance at Twitter. &#8220;Elon&#8217;s great taste in electric cars and rockets gives him false confidence on social networks,&#8221; 
Lieb&#8217;s criticism extended beyond Musk&#8217;s general approach to the platform, targeting specific features and content strategies. He expressed a theory about the <a href="https://www.benzinga.com/general/social-media/24/10/41168674/elon-musk-passes-200-million-followers-on-x-heres-the-top-10-accounts-and-where-barack-obama">platform&#8217;s content curation</a>: &#8220;I suspect the team at Twitter intentionally isn&#8217;t improving the Following feed so that the For You feed has better metrics.&#8221;
This implies a deliberate strategy to push users towards the algorithmically curated &#8220;For You&#8221; feed, potentially at the expense of user experience and content quality. Lieb didn&#8217;t mince words about his personal experience with this feature, stating, &#8220;I&#8217;m sure my metrics are better on the For You feed, but I really hate it. It&#8217;s largely clickbait videos and maga-Elon garbage.&#8221;
The reference to &#8220;maga-Elon garbage&#8221; alludes to perceived political leanings in the content promoted on the platform, touching on the ongoing debate about social media&#8217;s role in shaping political discourse.
Lieb&#8217;s comments come at a time when Twitter, under Musk&#8217;s leadership, has undergone significant changes, including rebranding to X, adjustments to content moderation policies, and alterations to user verification processes. These changes have been met with mixed reactions from users, advertisers, and industry analysts.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As Bezos once said, Taste is not transferable across domains. Elon's great taste in electric cars and rockets gives him false confidence on social networks. I suspect the team at Twitter intentionally isn't improving the Following feed so that the For You feed has better…
&mdash; David Lieb (@dflieb) <a href="https://twitter.com/dflieb/status/1842958053404197201?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/news/24/10/41169360/elon-musk-paid-1-million-for-a-1976-car-that-inspired-cybertrucks-design-seller-originally-bought-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Paid $1 Million For A 1976 Car That Inspired Cybertruck&#8217;s Design – Seller Originally Bought It For Just $100 In A Storage Unit Sale</a>
Why It Matters: The criticism from Lieb comes amid a challenging period for Musk&#8217;s social media platform, X, formerly known as Twitter. Recently, X released its first transparency report since Musk&#8217;s acquisition, revealing the <a href="https://www.benzinga.com/news/24/09/41042433/elon-musks-x-suspends-5-3m-accounts-flags-10-6m-posts-in-first-transparency-report-amid-user-and-adv">suspension of 5.3 million accounts</a> and the flagging of 10.6 million posts for rule violations. 
Additionally, X has faced a significant decline in user engagement, particularly in the U.K., <a href="https://www.benzinga.com/news/24/09/40994909/elon-musks-x-bled-users-to-bluesky-in-uk-since-the-tech-mogul-started-posting-things-like-civil-war">where active daily users</a> dropped from 8 million to approximately 5.6 million. This decline followed controversial posts by Musk, such as &#8220;civil war is inevitable,&#8221; leading to a noticeable user exodus to platforms like Bluesky.
Furthermore, Meta Platforms Inc.'s president for global affairs, Nick Clegg, has criticized X as a &#8220;tiny&#8221; platform that allows unregulated speech, <a href="https://www.benzinga.com/news/24/09/40852207/meta-exec-slams-elon-musks-x-as-tiny-platform-that-allows-anyone-say-anything">contrasting it with Meta&#8217;s platforms</a>. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41199734/elon-musk-founded-pac-offers-47-for-every-successful-referral-to-petition-show-support-for-free-spee?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk-Founded PAC Offers $47 For Every Successful Referral To Petition: &#8216;Show Support For Free Speech &amp; Right To Bear Arms&#8217; — Tech Mogul Reveals His Goal</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Social Media

Tech

Y Combinator Partner Slams Elon Musk's Twitter Strategy, Draws Contrast With Jeff Bezos' Business Philosophy: 'Taste Is Not Transferable'

In a surprising move, Mark Cuban shared a nostalgic photograph with Donald Trump in the Oval Office on X, raising questions about his political views. 
What Happened: The post, made on Sunday, was humorously captioned, &#8220;When your BFF invites you to &#8216;bring a friend to work day.'&#8221; This comes on the heels of Elon Musk&#8216;s participation in a <a href="https://www.benzinga.com/news/24/10/41198624/elon-musk-urges-rally-crowd-vote-for-trump-to-save-democracy">Trump campaign rally in Butler</a>, Pennsylvania, on Saturday, where he encouraged attendees to register and vote in the upcoming election.
Cuban&#8217;s photo has sparked curiosity, especially given his known support for Kamala Harris&#8216;s campaign. Despite the timing, Cuban clarified his stance. When asked if he was endorsing Trump, Cuban simply responded, &#8220;no.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When your BFF invites you to "bring a friend to work day " <a href="https://t.co/UyKnn6WsbN">pic.twitter.com/UyKnn6WsbN</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1843042059902419009?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/news/24/10/41157285/elon-musks-mom-chimes-in-after-son-says-he-cant-handle-4-years-of-seeing-and-hearing-kamala-harris-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Mom Chimes In After Son Says He Can&#8217;t Handle 4 Years Of &#8216;Seeing And Hearing&#8217; Kamala Harris And Tim Walz: &#8216;So True&#8217;</a>
Why It Matters: Cuban&#8217;s political journey has been complex. In 2016, he <a href="https://www.benzinga.com/news/24/09/41078897/billionaire-mark-cuban-admits-to-being-a-trump-supporter-in-2016-credits-long-conversation-with-form">admitted to supporting Trump,</a> but a conversation with the former president&#8217;s current vice-president pick J.D. Vance led to a change in his stance. Cuban has since expressed skepticism about Trump&#8217;s tech backers, suggesting they believe they can manipulate him due to his transactional nature. 
Recently, Cuban cautioned <a href="https://www.benzinga.com/news/24/09/41083814/mark-cuban-warns-elon-musk-that-when-the-time-comes-he-needs-trump-the-most-he-will-find-out-the-tru">Musk about Trump&#8217;s loyalty</a>, stating, &#8220;His loyalty is only to himself.&#8221; Meanwhile, Musk&#8217;s rally appearance underscores his growing political involvement, as he supports Trump&#8217;s re-election, arguing it is crucial for democracy. 
Did You Know?
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<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Images via Shutterstock
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/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

General

Mark Cuban Now Supporting Donald Trump? Billionaire Investor Who Endorses Kamala Harris For 2024 Election Posts Cryptic Throwback Picture With Ex-President

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafe.com%2Fus-en%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=Paysafe&amp;index=1&amp;md5=ad2375511ed793b957d24037ab24f536">Paysafe</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>), a global payments platform, today announced a strategic partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.gig.com%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=Gaming+Innovation+Group&amp;index=2&amp;md5=e88115e33681b1a73e010c871691af7c">Gaming Innovation Group</a> or "GiG" (First North: GIG SDB), a leading B2B iGaming technology company. Under the agreement, Paysafe becomes the GiG-endorsed payments platform for all UK, continental European, North American and Latin American operators integrating its market-leading <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.gig.com%2Fplatform%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=CoreX+solution&amp;index=3&amp;md5=a157f61530078f16415afef73c775905">CoreX solution</a>.
Launched by GiG in January, CoreX is an AI-driven player account management (PAM) platform serving online casino and sports-betting brands, giving operators the flexibility to localize their operations to any regulated jurisdiction. GiG's global reach will be further strengthened by integrating the highly robust processing capabilities of Paysafe's <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafe.com%2Fus-en%2Flocal-payment-methods%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=local+payment+methods&amp;index=4&amp;md5=348b58df285788fd0bbc5c92fef0eee8">local payment methods</a> (LPMs).
Whether an operator is focused on the mature UK market or the evolving US or South American sports-betting spaces, GiG's technology is complemented by connectivity to the Paysafe Gateway, supporting seamless debit or credit card transactions plus Paysafe's suite of LPMs, including its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.skrill.com%2Fen%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=Skrill&amp;index=5&amp;md5=7cfc48f1b201316b9becfba6d49ac2f5">Skrill</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.neteller.com%2Fen%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=NETELLER&amp;index=6&amp;md5=d29a918fd7bf36cde8d094fa509e26ce">NETELLER</a> digital wallets and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafecard.com%2Fen&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=paysafecard&amp;index=7&amp;md5=b24f3a9d036f26b9fa66a67fa957960a">paysafecard</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.paysafecash.com%2Fen-us%2F&amp;esheet=54132013&amp;newsitemid=20241007653130&amp;lan=en-US&amp;anchor=Paysafecash&amp;index=8&amp;md5=dc4cfa7431947ea3ed6882cb3d8e5d20">Paysafecash</a> eCash solutions. Beyond Paysafe's own LPMs, the Gateway also enables access to 30+ third-party LPMs, including solutions with high brand-recognition in specific markets.
Aligned with GiG's own ethos of agility, the Paysafe Gateway provides all operators with the flexibility to add new LPMs according to market needs and evolving player payment preferences.

PSFE

Paysafe Partners with Gaming Innovation Group to Streamline Payments for Online Casinos and Sports Betting Worldwide

<a href="https://www.globenewswire.com/Tracker?data=ucPry4j0-f26CBQhOANRNaBBl9qpIzCXeIB1YNwO3MqdlPSRBDIvCiqGn4oduNqw7kBUfXlrIEl39XLEKPX499FzcP7Wa8d5hmBF0l_jMMg=">Royal Philips</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>, AEX: PHIA)))), a global leader in health technology, and Siloam Hospitals Group, Indonesia's leading private healthcare provider, have signed a Memorandum of Understanding (MoU) to advance AI capabilities and development in the healthcare sector in Indonesia.
The strategic collaboration, in partnership with the Universitas Pelita Harapan (UPH) Medical Sciences Group, will focus on capacity building, knowledge sharing, and implementing advanced AI solutions. Leveraging Philips' AI innovations, the collaboration will help transform clinical care and digital health, enhance healthcare delivery and make the healthcare infrastructure more sustainable. The goal is to deliver better care for more people in Indonesia.
This partnership aligns with the Indonesian government's healthcare strategy to improve healthcare accessibility, enhance clinical outcomes, and embrace digital transformation.
Key areas of focus in the partnership:
1. AI-driven clinical care: Philips intends to introduce its cutting-edge AI technologies into Siloam Hospitals, particularly in areas such as radiology, pathology, (interventional) cardiology and clinical operations. AI will enhance clinical decision-making and improve workflows, enabling healthcare professionals to diagnose and treat patients with greater precision and to enhance capacity of the system to be able support more patients.
2. Capacity building and local AI expertise: The MoU will focus on the development of local expertise in AI and digital health through collaboration with the UPH Medical Sciences Group. This initiative includes training programs to enable healthcare professionals, IT specialists and UPH students with the necessary skills to develop and apply AI in clinical settings.
3. Global knowledge sharing with Philips: As a global leader in informatics and AI for healthcare, Philips will share its expertise and global best practices with Siloam Hospitals and UPH. The collaboration includes aligning with Philips' informatics, AI research and global healthcare strategies to create scalable solutions tailored to the needs of Indonesia's healthcare system. 4. Digital health transformation: In support of Indonesia's digital health strategy, Siloam Hospitals will integrate AI into its healthcare management systems, including telemedicine, electronic medical records, and remote patient monitoring. The use of AI will improve patient outcomes, optimize hospital operations, increase capacity and provide patients with personalized, data-driven care, even in remote areas.
5. Supporting the Indonesian government's healthcare goals: The intended partnership aligns with the Indonesian government's strategy to enhance healthcare accessibility and quality.
6. Expertise sharing for driving ESG in healthcare: Philips will support Siloam Hospitals in advancing its ESG strategic priorities, including sustainability in the supply chain, environmental stewardship, fostering an equitable workplace, and expanding healthcare access and education.

Government

Regulations

Philips and Siloam Hospitals Partner to Boost AI-Driven Healthcare in Indonesia

Meta Platforms <a href="https://www.benzinga.com/general/entertainment/24/05/38579395/mark-zuckerberg-once-said-the-biggest-risk-is-not-taking-any-risk-here-are-five-inspiring-q">CEO </a>Mark Zuckerberg is getting a Porsche Cayenne Turbo GT four-seater Coupé customized to be a minivan for his wife Priscilla Chan, the CEO revealed. 
What Happened: &#8220;New side quest. Priscilla wanted a minivan, so I've been designing something I'm pretty sure should exist: a Porsche Cayenne Turbo GT Minivan,&#8221; Zuckerberg said in a post on Instagram on Sunday. The billionaire partnered with California-based auto shop West Coast Customs to make the coupe-to-minivan transition.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27-1024x574.png" alt="" class="wp-image-582722" style="width:707px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031507/image-27.png 1423w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The CEO also got a Porsche 911 GT3 with a Touring package in the same gray shade as Chan&#8217;s Cayenne to complement the minivan.
&#8220;Threw in a manual GT3 Touring to make it his and hers,&#8221; Zuckerberg wrote in his Instagram post. The post was accompanied by pictures of the vehicles at West Coast Customs and also a selfie of the couple with the two Porsche vehicles. 
The CEO also shared a short video of the customised vehicle which seems to sport sliding doors and an elongated body.
Why It Matters: The Cayenne Turbo GT starts at about $200,000 in the U.S. The 911 GT3 sports car, likewise, is <a href="https://www.benzinga.com/markets/equities/24/10/41179608/mark-zuckerberg-bulldozes-past-jeff-bezos-to-become-worlds-2nd-richest-person-as-meta-stock-soar">priced to the higher end</a>.
Zuckerberg has previously shared a similar picture featuring two classic Ford Bronco vehicles, one belonging to Chan and the other to him. 
&#8220;His and hers,&#8221; Zuckerberg captioned the photograph from June 2022.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26-1024x576.png" alt="" class="wp-image-582721" style="width:703px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07031413/image-26.png 1425w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/news/24/10/41200538/tesla-supercharger-network-growth-slows-sequentially-ev-giant-adds-2-800-stalls-in-q3">Tesla Supercharger Network Growth Slows Sequentially: EV Giant Adds 2,800 Stalls In Q3</a></li>
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Photo courtesy: Chan Zuckerberg Initiative

Mark Zuckerberg Redesigns Porsche Cayenne Turbo GT Into A Minivan For Wife Priscilla Chan, Gets A 911 GT3 For Himself

On Monday, an X user Philip Anderson took to social media to share a surprising find at a Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) store. Anderson posted about a new book titled &#8220;The Achievements of Kamala Harris,&#8221; noting that the pages are entirely blank. The post has quickly gained attention online.
What Happened: Anderson&#8217;s posted the video with the caption, &#8220;BREAKING: Walmart now has a new book on the shelves called The Achievements of Kamala Harris. All the pages in the book are blank.&#8221;
<a href="https://pro.benzinga.com">Benzinga</a> could not independently verify the authenticity of the video.
Harris&#8217;s campaign and Walmart have yet to respond to Benzinga&#8217;s queries.
See Also: <a href="https://www.benzinga.com/news/24/10/41195023/kamala-harris-meets-arab-american-leaders-angry-at-us-for-supporting-israel-in-ongoing-conflict-in-g?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Meets Arab American Leaders Angry At US For Supporting Israel In Ongoing Conflict In Gaza: Report</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8;BREAKING: Walmart now has a new book on the shelves called The Achievements of Kamala Harris. All the pages in the book are blank. <a href="https://t.co/PWdFWp8Lyu">pic.twitter.com/PWdFWp8Lyu</a>
&mdash; Philip Anderson (@VoteHarrisOut) <a href="https://twitter.com/VoteHarrisOut/status/1843055149973230057?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The timing of Anderson&#8217;s tweet is significant as it comes amidst the heated 2024 presidential race. Kamala Harris is currently leading in the polls against Donald Trump, with recent surveys indicating a slim lead of two to five points. <a href="https://www.benzinga.com/news/24/10/41196906/polls-suggest-this-candidate-holds-slim-lead-in-presidential-race-with-one-month-to-go">Recent polling data</a> shows Harris with a slight advantage, making any public commentary about her noteworthy.
Additionally, Harris has been vocal about her economic policies, recently criticizing Trump&#8217;s tariff plans. She described his approach as &#8220;reckless&#8221; and emphasized the potential impact on Americans. <a href="https://www.benzinga.com/startups/24/10/41197078/hes-just-not-very-serious-says-kamala-harris-you-dont-just-throw-around-the-idea-of-tariffs-across-t">Harris&#8217;s stance highlights</a> her focus on economic issues as a key part of her campaign strategy.
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image via Shutterstock
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/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Walmart Displays New Book On Kamala Harris' 'Achievements' With Blank Pages, Sparks Online Buzz

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 300 points during the session following the release of jobs data.
The U.S. economy added 254,000 jobs in September, compared to a revised 159,000 gain in August, and topping market estimates of 147,000. The unemployment rate declined to 4.1% in September from 4.2% in the previous month.
Shares of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) recorded gains on Friday.
Wall Street also recorded gains last week, with the S&amp;P 500 gaining 0.22% and the Dow adding 0.09%. The Nasdaq, meanwhile, added 0.1% last week.
Shares of Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) jumped around 23% on Friday after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance above estimates.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, financials, and communication services stocks recording the biggest gains on Friday. However, real estate and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 341 points to 42,352.75 on Friday. The S&amp;P 500 rose 0.90% to 5,751.07, while the Nasdaq Composite climbed 1.22% to close at 18,137.85 during Friday's session.
Investors are awaiting earnings results from The Duckhorn Portfolio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAPA#NYSE">NAPA</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 73.7, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 71.1.
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.
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Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

Markets

Trading Ideas

AMZN

APOG

NAPA

NFLX

TSLA

Dow Jumps Over 300 Points As Tesla, Amazon And Netflix Record Gains: Investor Optimism Improves, Fear Index Remains In 'Greed' Zone

<ul>
<li>Results of the Phase I clinical trial, presented at the bi-annual Contrast Media Research symposium in Oslo, Norway, conclude that this novel macrocyclic manganese-based contrast agent was well tolerated with no serious adverse events, dose-limiting toxicities or clinically relevant findings reported.</li>
<li>If approved, this agent could provide an alternative to gadolinium-based contrast agents and address the potential impact of post-patient excreted gadolinium in the environment.</li>
<li>The clinical trial program demonstrates GE HealthCare&#39;s commitment to innovation in contrast media and to building a portfolio of MRI imaging agents to address radiologists&#39; needs for their patients</li>
</ul>

Health Care

GEHC

GE HealthCare Reveals Phase I Results For Macrocyclic Manganese-Based MRI Contrast Agent

Brazil&#8217;s Supreme Court has announced a delay in allowing X, owned by Elon Musk, to resume operations in the <a href="https://www.benzinga.com/news/24/09/41062162/elon-musks-x-reportedly-aims-for-brazil-reentry-backs-down-from-censorship-dispute">country due to a payment error</a>. 
What Happened: The social media platform mistakenly paid $5 million in fines to the wrong bank, hindering its efforts to lift a suspension imposed in late August, Reuters reported.
The Supreme Court suspended X for failing to comply with orders related to moderating hate speech and lacking a legal representative in Brazil. Although X&#8217;s legal team asserts that the fines were paid correctly, the court requires the funds to be transferred to the correct bank before considering the platform&#8217;s request to resume services.
Supreme Court Justice Alexandre de Moraes has instructed that the payment be redirected appropriately. Following this, the prosecutor general will assess X&#8217;s request to lift the ban. Despite the payment issue, X&#8217;s legal representatives have reiterated their plea to end the suspension, arguing against further consultation with the prosecutor general.
See Also: <a href="https://www.benzinga.com/news/24/10/41173594/incestuous-milei-donald-trumps-digital-slip-with-javier-milei-parody-accounts-goes-viral-on-x?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Incestuous Milei&#8217;: Donald Trump&#8217;s Digital Slip With Javier Milei Parody Accounts Goes Viral On X</a>
In recent weeks, X has adhered to court mandates, including blocking specific accounts under investigation. On Sep. 26, the company sought to resume operations, but Moraes ruled that the outstanding fines must be settled first. On Friday, X&#8217;s lawyers confirmed the payment of 28.6 million reais ($5.24 million) in fines.
Why It Matters: The suspension of X in Brazil follows a series of challenges faced by the platform. Recently, X released its first <a href="https://www.benzinga.com/news/24/09/41042433/elon-musks-x-suspends-5-3m-accounts-flags-10-6m-posts-in-first-transparency-report-amid-user-and-adv">transparency report</a> under Musk&#8217;s ownership, revealing the suspension of 5.3 million accounts and the removal or labeling of over 10.6 million posts for rule violations.
Additionally, X has been striving to re-establish its presence in Brazil after a ban in late August due to a <a href="https://www.benzinga.com/news/24/09/41062162/elon-musks-x-reportedly-aims-for-brazil-reentry-backs-down-from-censorship-dispute">censorship dispute</a> with a local judge.
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<li><a href="https://www.benzinga.com/general/restaurants/24/10/41198120/elon-musk-vs-mcdonalds-tesla-fans-wanted-collaboration-instead-they-get-new-product-launch-co?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Vs. McDonald&#8217;s: Tesla Fans Wanted Collaboration, Instead They Get New Product Launch Competing With Robotaxi Day</a></li>
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Image Via Shutterstock
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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Legal

Global

Elon Musk's X Paid $5M To Wrong Bank In Brazil, Delaying Reinstatement Of Its Services In The Country

Amazon.com, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) cloud computing platform, Amazon Web Services CEO Matt Garman disclosed that the company had been delving into generative AI long&nbsp;before it became a widely&nbsp;accepted concept.
What Happened: During an <a href="https://techcrunch.com/2024/10/06/aws-ceo-matt-garman-on-generative-ai-open-source-and-closing-services/">interview</a> with TechCrunch that was published on Saturday, Garman discussed AWS&#8217;s approach to generative AI.
He recognized that the introduction of OpenAI&#8217;s ChatGPT ignited new interest in the field, but maintained that AWS had been investigating generative AI even before it became a popular term.
&#8220;We'd been looking at generative AI before it became a widely accepted thing, but I will say that when ChatGPT came out, there was kind of a discovery of a new area, of ways that this technology could be applied,&#8221; he said.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41181916/mark-cuban-offers-to-help-elon-musk-boost-x-revenue-says-tesla-ceo-is-concerned-about-declining-user?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Offers To Help Elon Musk Boost X Revenue, Says Tesla CEO Is Concerned About Declining Users: &#8216;I Wish He Would Call Me&#8217;</a>
Garman also responded to criticisms that AWS was slow to introduce its own generative AI tools, thereby giving&nbsp;competitors like Google Cloud and&nbsp;Microsoft Azure an edge.
He contended that this was more of a perception than reality, as AWS had already launched&nbsp;successful machine learning services like&nbsp;SageMaker.
He went on to add that AWS adopted a more thoughtful approach to generative AI, concentrating on how its customers could best incorporate&nbsp;this technology into their applications.
This led to the creation of Bedrock, AWS&#8217;s platform that provides access to a range&nbsp;of open and proprietary models.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Garman started his journey at Amazon as an intern and later <a href="https://www.benzinga.com/news/24/05/38824439/amazon-web-services-undergoes-leadership-change-matt-garman-to-take-over-as-ceo">took over AWS following</a> Adam Selipsky&#8217;s exit. He has been a part of the e-commerce giant since 2005.
Meanwhile, analysts have also recognized Amazon&#8217;s strong position in both e-commerce and cloud.
Last month, an analyst from Cantor Fitzgerald initiated coverage of Amazon with an Overweight rating, citing the company&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40734889/amazon-analyst-says-companys-dominant-competitive-position-in-e-commerce-aws-provid">dominant competitive position</a> and the potential of AI in powering the AWS cloud business line.
In August, Amazon CEO Andy Jassy highlighted the company&#8217;s commitment to <a href="https://www.benzinga.com/markets/equities/24/08/40124749/amazon-ceo-andy-jassy-highlights-multi-faceted-ai-strategy-with-aws-innovation-emphasizes-partne">providing a variety of AI solutions</a> through AWS. &#8220;There is not one tool to rule the world,&#8221; he said at the time.
AWS&#8217;s AI capabilities have also been leveraged by other entities. Previously, it was reported that <a href="https://www.benzinga.com/news/24/08/40523419/chinese-firms-are-reportedly-accessing-high-end-nvidia-ai-chips-using-aws-and-microsoft-cloud-servic">Chinese firms were using</a> AWS to access high-end Nvidia AI chips, bypassing US restrictions.
Photo by Sundry Photography via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

AWS CEO Matt Garman, Once An Intern, Says They Were Pioneering Generative AI At Amazon Long Before ChatGPT Sparked A Wave Of Excitement: 'It Became A Widely Accepted Thing'

MaxLinear Unveils MaxAI, Boosting Wi-Fi Performance And Reducing Costs For MSOs With AI/ML Framework

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) are among the artificial intelligence stocks that have seen strong gains since early to mid-September. While the <a href="https://www.benzinga.com/markets/equities/24/10/41179608/mark-zuckerberg-bulldozes-past-jeff-bezos-to-become-worlds-2nd-richest-person-as-meta-stock-soar">former is perched at a record high, </a>the latter, despite its recent strong run, is yet to reclaim its Jan. 2021 peak. 
Here&#8217;s a look at the relative performance of these two stocks and what the near-term holds for them:
Meta Vs. Palantir: Meta has gained over 68% for the year-to-date period, while Palantir is up a steeper 133%. The data analytics company co-founded by Peter Thiel is the fourth best-performing S&amp;P 500 company this year, while Meta, co-founded by Mark Zuckerberg, holds the 11th spot on the list.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="446" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-1024x446.png" alt="" class="wp-image-582620" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-1024x446.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-768x335.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-1536x669.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22.png 1912w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro
As is seen in the chart, both stocks have outperformed the broader market, as represented by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) &#8211; an exchange-traded fund that tracks the S&amp;P 500 Index.
Valuations of both stocks have become expensive following the recent spike. The forward price-earnings ratio for Palantir is currently at a hefty 95.2 but Meta is trading at a more modest forward P/E valuation of 24.75. The social media giant&#8217;s P/E ratio is fairly in line with 21.3 which is applicable to the communications services sector.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best Artificial Intelligence Stocks</a>
The Palantir Rally: Palantir has been on an uptrend since it gap-opened higher on Sept. 9, the first session after the S&amp;P Dow Jones Indices said the company would be added to the S&amp;P 500 Index, effective prior to the start of trading on Sept. 23. Commenting on the feat, Wedbush analyst Daniel Ives said, &#8220;The profitability profile of this story has significantly been bolstered with this <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40766713/palantirs-s-p-500-inclusion-another-validation-moment-as-it-embarks-on-new-era-of-e">another validation moment for the Palantir story.&#8221;</a>
Although there was a &#8216;buy the rumor, sell the news&#8217; moment after the inclusion, the stock has been grinding solidly higher since the start of October.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-1024x440.png" alt="" class="wp-image-582632" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-1024x440.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-300x129.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-768x330.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-1536x660.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23.png 1911w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro
Meta Connects With Investors: After the early August broader market swoon set in motion by yen carry-trade unwinding, Meta&#8217;s stock found its feet shortly after and climbed higher until mid-August. The stock experienced a mild pullback that lasted through mid-September.
The two-day Meta Connect conference held on Sept. 25-26 saw the company announcing a slew of products and other offerings. These include AI-driven chatbots, an updated Llama large-language model, the latest Ray-Ban smart glasses with improved camera functionality, voice controls, and deeper integration with AI, Meta Quest 4, the next-generation virtual reality headset, and the Orion augmented reality glasses.
The stock has been on a steady climb since then.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="436" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-1024x436.png" alt="" class="wp-image-582653" style="width:921px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-1024x436.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-300x128.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-768x327.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-1536x654.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24.png 1907w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro
Further Upside? The average analysts&#8217; price targets, compiled by TipRanks, suggest modest upside potential for Meta but downside for Palantir.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Current Price</td>
<td>1-Year Average Analysts&#8217; Price Target</td>
<td>Upside/Downside Potential</td>
</tr>
<tr>
<td>Meta</td>
<td>$595.94</td>
<td>$608.20</td>
<td>+2.06%</td>
</tr>
<tr>
<td>Palantir</td>
<td>$40.01</td>
<td>$27.67</td>
<td>(-30.84%)</td>
</tr>
</tbody>
</table>
</figure>
The next big catalyst for Meta is likely to be the company&#8217;s third-quarter results due on Oct. 30, with the consensus modeling over 30% earnings per share growth and nearly 20% revenue growth. Meta&#8217;s fortunes to a large extent is tied to ad spending, which in turn hinges on macroeconomic conditions. With the Fed showing a proclivity to take rates down in the coming months, credit conditions could ease, potentially benefiting Meta.
Palantir is a favorite among retail investors. Continuing deal flow, and strong third-quarter results and positive fourth-quarter guidance could keep the upward momentum intact.
More importantly, the market has entered a seasonally strong quarter when a confluence of factors typically lifts the market. The stretched valuations, therefore, may not preclude further gains. That said, <a href="https://www.benzinga.com/markets/asia/24/10/41192510/labor-market-surprises-with-strength-energy-stocks-rally-on-israel-iran-tensions-chinese-tech-giants">investors may remain wary of geopolitical and macroeconomic headwinds, </a>with two wars ongoing and a hard-landing scenario still not off the table.
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</ul>
Image Via Shutterstock

Equities

PLTR

Meta Stock Returns Pale Next To Peter Thiel's Secretive Data Company Even As Mark Zuckerberg Company's AI Advancements Generate Excitement

Integrated Gas 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Production (kboe/d)</td>
<td>920 - 960</td>
</tr>
<tr>
<td>LNG liquefaction volumes (MT)</td>
<td>7.3 - 7.7</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>1.1 - 1.3</td>
</tr>
<tr>
<td colspan="3">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>1.2 - 1.6</td>
</tr>
<tr>
<td>Taxation charge</td>
<td>0.8 - 1.1</td>
</tr>
<tr>
<td colspan="3">Other Considerations:</td>
</tr>
<tr>
<td colspan="3">Trading &amp; Optimisation results are expected to be in line with&nbsp;Q2&#39;24.</td>
</tr>
</tbody>
</table>
Upstream 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Production (kboe/d)</td>
<td>1,740 - 1,840</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>1.9 - 2.5</td>
</tr>
<tr>
<td colspan="3">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>2.3 - 2.9</td>
</tr>
<tr>
<td>Taxation charge</td>
<td>2.0 - 2.8</td>
</tr>
<tr>
<td colspan="3">Other Considerations:</td>
</tr>
<tr>
<td colspan="3">The share of profit / (loss) of joint ventures and associates in&nbsp;Q3&#39;24 is expected to be ~$0.1 billion.&nbsp;Q3&#39;24 exploration well write-offs are expected to be ~$0.1 billion.</td>
</tr>
</tbody>
</table>
Marketing 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Sales volumes (kb/d)</td>
<td>2,750 - 3,150</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>2.5 - 2.9</td>
</tr>
<tr>
<td colspan="3">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>0.4 - 0.8</td>
</tr>
<tr>
<td>Taxation charge</td>
<td>0.2 - 0.5</td>
</tr>
<tr>
<td colspan="3">Other Considerations:</td>
</tr>
<tr>
<td colspan="3">Marketing results are expected to be in line with&nbsp;Q2&#39;24.</td>
</tr>
</tbody>
</table>
Chemicals and Products 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Indicative refining margin</td>
<td>$5.5/bbl</td>
</tr>
<tr>
<td>Indicative chemicals margin</td>
<td>$164/tonne</td>
<td>The Chemicals sub-segment adjusted earnings are expected to reflect a marginal loss in&nbsp;Q3&#39;24.</td>
</tr>
<tr>
<td>Refinery utilisation</td>
<td>79%&nbsp;-&nbsp;83%</td>
</tr>
<tr>
<td>Chemicals utilisation</td>
<td>73%&nbsp;-&nbsp;77%</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>2.1 - 2.5</td>
</tr>
<tr>
<td colspan="3">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>0.8 - 1.0</td>
</tr>
<tr>
<td>Taxation charge / (credit)</td>
<td>(0.3) - 0.1</td>
</tr>
<tr>
<td colspan="3">Other Considerations:</td>
</tr>
<tr>
<td colspan="3">Trading &amp; Optimisation is expected to be lower than&nbsp;Q2&#39;24.</td>
</tr>
</tbody>
</table>
Renewables and Energy Solutions 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td>Adjusted Earnings</td>
<td>(0.4) - 0.2</td>
</tr>
</tbody>
</table>
Corporate 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td>Adjusted Earnings</td>
<td>(0.7) - (0.5)</td>
</tr>
</tbody>
</table>
Shell Group 
&nbsp;
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q3&#39;24&nbsp;Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="3">CFFO:</td>
</tr>
<tr>
<td>Tax paid</td>
<td>2.5 - 3.3</td>
</tr>
<tr>
<td>Derivative movements</td>
<td>(2) - 2</td>
<td rowspan="2">Derivative movements and working capital estimations inherently have a broad range of uncertainty.</td>
</tr>
<tr>
<td>Working capital</td>
<td>0 - 4</td>
</tr>
<tr>
<td colspan="3">Other Shell Group Considerations:</td>
</tr>
<tr>
<td colspan="3">-&nbsp;</td>
</tr>
</tbody>
</table>
Guidance 
&nbsp;
The &lsquo;Quarterly Databook&#39; contains&nbsp;guidance&nbsp;on Indicative Refining Margin, Indicative Chemicals Margin and full-year price and margin sensitivities (<a href="https://www.globenewswire.com/Tracker?data=dBiulSOwdnv6ontRXgwKG5_fm7_6-2x3FDn7cI1X0eg7-kfSD96TGXy5hXSyUfPEMCC-1G7WZAqaUZ2nVXEybqrZaZQazKoPcsqH_jQwGGCWtfJCSd-8SLMfSsB6b4G6ZlbKHp4nvHnJtCbHNrPLDRLUAeMBlYYjzHAHebJmmq9JGqiemcviugiTOefy9s1vIDtOsqSUpkYZT7feYcPOChSTkHiSDAq0ZxgrADeG6iiDcJUlwaQhn0l0hREUwogpFJ7ZTNvDW1orWMoImP5ndFxOQgAYbbn1wOL83z9K0IlClUSrQMX2VdOmR_usg4mc" target="_blank">Link</a>).
Consensus 
&nbsp;
The consensus collection for quarterly Adjusted Earnings, Adjusted EBITDA is per the reporting segments and CFFO at a Shell group level, managed by Vara Research, is expected to be published on October 23, 2024.

Guidance

SHEL

Shell Projects Q3 2024 LNG Volumes Between 7.3 And 7.7 MT, Highlights Mixed Performance Across Segments

Strategic Acquisition will Enhance Capabilities in Capital Markets, Banking Operations and Asset Servicing, Strengthening Client Offerings Globally

EPAM

EPAM Systems Acquires First Derivative In Strategic Move, Expanding Financial Services Capabilities Globally

Byrna Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) will release earnings results for its third quarter, before the <a href="https://www.benzinga.com/quote/BYRN/earnings">opening bell on Wednesday, Oct. 9.</a>
Analysts expect the Andover, Massachusetts-based company to report quarterly earnings at 5 cents per share, versus a year-ago loss of 12 cents per share. Byrna Technologies projects to report revenue of $20.8 million for the quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 4, Byrna Technologies announced preliminary third-quarter financial results with revenue above estimates.
Byrna Technologies shares gained 9.4% to close at $18.95 on Friday.
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's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/byrn/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5888c53c77f9dd0001877a30/matt-koranda">Roth MKM analyst Matt Koranda</a> initiated coverage on the stock with a Buy rating and a price target of $14 on Aug. 28. This analyst has an accuracy rate of 65%.</li>
<li>Ladenburg Thalmann analyst Jon Hickman maintained a Buy rating and raised the price target from $12.75 to $16.25 on April 9. This analyst has an accuracy rate of 64%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/585beadbb5a482000151d184/jeff-van%20sinderen">B. Riley Securities analyst Jeff Van Sinderen</a> reiterated a Buy rating and raised the price target from $14 to $17 on April 8. This analyst has an accuracy rate of 75%.</li>
<li>Raymond James analyst Brian Gesuale downgraded the stock from Strong Buy to Market Perform on Sept. 27. This analyst has an accuracy rate of 73%.</li>
</ul>
Considering buying BYRN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25-1024x520.png" alt="" class="wp-image-582704" style="width:612px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07030850/image-25.png 1320w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Analyst Ratings

BYRN

Top Wall Street Forecasters Revamp Byrna Technologies Price Expectations Ahead Of Q3 Earnings

Revenues for September 2024
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
Period
</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
Y/Y Change
</td>
<td colspan="1" rowspan="1">
Y/Y (%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
September
</td>
<td colspan="1" rowspan="1">
18,942,714
</td>
<td colspan="1" rowspan="1">
19,052,938
</td>
<td colspan="1" rowspan="1">
-110,224
</td>
<td colspan="1" rowspan="1">
-0.58%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Jan.-Sep.
</td>
<td colspan="1" rowspan="1">
171,916,474
</td>
<td colspan="1" rowspan="1">
167,574,722
</td>
<td colspan="1" rowspan="1">
4,341,752
</td>
<td colspan="1" rowspan="1">
2.59%
</td>
</tr>
</tbody>
</table>

United Microelectronics Reported Net Sales Decline Of 0.58% YoY In September 2024

<ul>
<li>Richemont will sell YNAP to Mytheresa with a cash position of &euro;555m and no financial debt, subject to customary closing adjustments</li>
<li>Mytheresa to issue shares to Richemont representing&nbsp;33%&nbsp;of Mytheresa&#39;s fully diluted share capital</li>
<li>Richemont to provide a &euro;100m revolving credit facility to YNAP</li>
<li>Closing of transaction expected in H1 2025, subject to customary conditions, including regulatory approvals</li>
<li>Transaction creates multi-brand digital group of significant scale, global reach as well as exceptional customer centricity</li>
</ul>

MYTE

Mytheresa To Acquire YOOX NET-A-PORTER From Richemont In €555M Cash Deal, Issuing 33% Equity Stake To Form Global Multi-Brand Luxury Group

GOLD

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With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Duckhorn Portfolio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAPA#NASDAQ">NAPA</a>) to report quarterly earnings at 10 cents per share on revenue of $106.55 million after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Duckhorn Portfolio shares rose 1.3% to $5.47 in after-hours trading.</li>
<li>Vista Outdoor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates to sell Revelyst in an all-cash deal with an enterprise value of $1.125 billion. Vista Outdoor shares fell 0.9% to $39.50 in the after-hours trading session.</li>
<li>ZenaTech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) disclosed new management team appointments, naming Craig Passley as Company Secretary and promoting Sajjad Asif to Chief Technology Officer. The company also appointed Linda Montgomery as Vice President of Corporate Development. ZenaTech shares gained 2.8% to $4.02 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Aviat Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) posted better-than-expected results for its fourth quarter on Friday. The company reported quarterly earnings of 72 cents per share which beat the analyst consensus estimate of 69 cents per share. The company reported quarterly sales of $116.66 million which beat the analyst consensus estimate of $112.92 million. Aviat Networks shares gained 8.5% to $21.00 in the after-hours trading session.</li>
<li>EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) announced plans to acquire First Derivative. EPAM Systems shares slipped 0.2% to $198.05 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/10/41196046/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yiel">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

AVNW

VSTO

ZENA

Aviat Networks, Duckhorn Portfolio And 3 Stocks To Watch Heading Into Monday

David Kelly, the chief global strategist at JPMorgan Asset Management, has issued a warning to investors, urging them to exercise caution and reduce risk in the <a href="https://www.benzinga.com/general/education/24/10/41191050/s-p-500-to-end-year-over-6-000-34-of-benzinga-readers-predict-raging-bull-run">current market environment</a>.
What Happened: Kelly expressed his concerns about the market&#8217;s current state, despite the recent surge in stock indexes driven by robust economic data and a significant rate cut from the Federal Reserve, <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-september-jobs-report-growth-value-david-kelly-2024-10">reported</a> Business Insider. He emphasized that the potential for a soft landing could lead to increased risk for investors.
&#8220;I will say that although I think this is positive for the equity market, I am getting increasingly queasy about the fact that the equity market keeps on pricing in a soft landing,&#8221; Kelly said.
He cautioned that as the market continues to anticipate a soft landing, valuations rise, making asset prices more vulnerable to market shocks. Kelly suggested that investors should reduce risk and shift their funds from growth stocks to value stocks.
He also noted that the average American&#8217;s wealth has surged, which may prompt some investors to take on more risk than necessary. Kelly advised against this, suggesting that investors should only take on the risk required to achieve their financial goals.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41163698/grammy-nominated-rapper-logic-invested-6m-in-bitcoin-nearly-4-years-ago-this-is-how-much-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Grammy-Nominated Rapper Logic Invested $6M In Bitcoin Nearly 4 Years Ago: This Is How Much His Stash Would Be Worth Today</a>
Why It Matters: The warning from Kelly comes at a time when the market is experiencing significant highs. The S&amp;P 500 Index, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has been hitting <a href="https://www.benzinga.com/general/education/24/10/41191050/s-p-500-to-end-year-over-6-000-34-of-benzinga-readers-predict-raging-bull-run">all-time highs</a>, sparking optimism among investors.
However, the market is facing a complex economic landscape, with various factors such as labor disputes and natural disasters complicating the <a href="https://www.benzinga.com/news/24/10/41178818/sahms-rule-inventor-warns-of-messy-economic-data-as-fed-treads-easing-cycle-amid-labor-disputes-and">interpretation of economic data</a>. Renowned economist Claudia Sahm has highlighted the potential impact of labor market data, adding to the uncertainty.
Despite these challenges, Bank of America has identified crucial dates for the stock market leading up to the November Presidential election. The bank used options prices to predict potential movements in the S&amp;P 500 index. The most significant date is Nov. 6, <a href="https://www.benzinga.com/markets/equities/24/09/40995794/key-stock-market-dates-predicting-major-swings-revealed-ahead-of-2024-election-according-to-bank">the day after the election</a>, with an estimated 2.5% move in either direction.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41185026/whats-going-on-with-cisco-systems-stock-friday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Cisco Systems Stock Friday?</a></li>
</ul>
Image Via Shutterstock 
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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

JPMorgan Chief Global Strategist Warns Investors On Risk In Current Environment: Increasingly Queasy That Market Keeps Pricing In A Soft Landing

Holiday Island to shift its primary focus to Metcalf wells

HIHI

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