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The former executive of the collapsed cryptocurrency exchange FTX, Caroline Ellison, is set to be sentenced on Tuesday for her role in the sensational fraud case.
What Happened: Prosecutors have requested a lighter sentence for Ellison, highlighting her &#8220;extraordinary cooperation&#8221; in the investigation, according to a <a href="https://apnews.com/article/caroline-ellison-ftx-sentencing-18ebfcdee1af8527511e30c9b45de045">report </a>by AP News on Monday. Her legal team has also sought leniency, citing her testimony and the emotional distress caused by her on-and-off romantic relationship with disgraced founder Sam Bankman-Fried (SBF). However, they stressed that Ellison is not avoiding accountability for her actions.
Ellison, who confessed her guilt nearly two years ago, <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35168021/caroline-ellison-points-finger-at-ftxs-sam-bankman-fried-in-crypto-fraud-trial">provided crucial testimony </a>against SBF in a trial last November. Her evidence played a significant role in SBF&#8217;s conviction for fraud, resulting in his <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37988324/sam-bankman-fried-sentenced-to-25-years-judge-points-to-ambition-political-manipulation">25-year prison sentence</a>.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40971599/well-its-crypto-its-ai-its-some-of-the-other-things-says-donald-trump-unsure-of-what-his-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Well, It&#8217;s Crypto, It&#8217;s AI, It&#8217;s Some Of The Other Things,&#8217; Says Donald Trump, Unsure Of What His New Crypto Project Even Is</a>
Ellison held the CEO position at Alameda Research, a cryptocurrency hedge fund controlled by Bankman-Fried that processed some customer funds from FTX. Her professional relationship with Bankman-Fried was further complicated by a romantic involvement, which her lawyers characterized as &#8220;erratic and manipulative.&#8221;
Why It Matters: FTX, once a leading player in the cryptocurrency exchange market, collapsed in 2022 following accusations of <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35445270/the-true-cost-of-the-ftx-collapse-how-much-did-sam-bankman-fried-really-make">misappropriation of customer accounts</a>, illegal political donations, and luxury Caribbean real estate purchases by SBF and his accomplices.
The collapse precipitated the cryptocurrency winter, causing Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the market&#8217;s leading cryptocurrency, to plunge to lows of $16,000.
Ellison&#8217;s testimony against Bankman-Fried implicated him in directing fraudulent activities.
According to a popular prediction market, Polymarket, bettors leaned toward the possibility of Ellison <a href="https://polymarket.com/event/caroline-ellison-prison-time?tid=1727154078940">avoiding prison time</a>, with 47% odds in favor of such an outcome. On the other hand, bets in favor of a 1–11 month sentencing reached 23% as of this writing.
Apart from SBF&#8217;s 25-year prison sentence, Ryan Salame, another prominent figure involved in the operations of the now-defunct platform, <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39044786/former-ftx-executive-ryan-salame-sentenced-to-over-7-years-in-prison">was awarded 90 months</a> in prison.
Photo by Sergei Elagin on Shutterstock
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Disclaimer:&nbsp;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.

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

Cryptocurrency

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$BTC

Caroline Ellison's Day Of Reckoning: Will Sam Bankman-Fried's Former Colleague Face Prison Time For FTX Fraud?

Noted economist Peter Schiff criticized investors for disregarding gold&#8217;s record highs due to the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) frenzy.
What Happened: Schiff took to X to point out that gold had reached another record high but the significance of this rise was being overlooked due to the overwhelming focus on Bitcoin. 
&#8220;Gold just hit another record high, but few investors notice or care. With so much attention focused on Bitcoin, investors are not only missing out on gold&#8217;s gains, but the significance of the rise,&#8221; the staunch Bitcoin critic argued.
He further warned that gold&#8217;s rise indicates that money policy is too loose and inflation is set to increase.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Gold?src=hash&amp;ref_src=twsrc%5Etfw">#Gold</a> just hit another record high, but few investors notice or care. With so much attention focused on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>, investors are not only missing out on gold&#39;s gains, but the significance of the rise. Gold is warning that money policy is too loose and <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> is headed higher.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1838054295863791807?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40994028/elon-musk-dons-his-maga-hat-to-meet-pro-bitcoin-president-javier-milei-duo-discuss-argenti">Elon Musk Dons His MAGA Hat To Meet Pro-Bitcoin President Javier Milei: Duo Discuss Argentina&#8217;s Journey To Normalcy</a>
Many X users countered Schiff&#8217;s attempt at exaggerating gold&#8217;s minor increase and downplaying Bitcoin&#8217;s gains. A particular user Tom reminded Schiff how gold was up just 0.2% as compared to a 2% uptick in Bitcoin.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin is up 2%. Gold is up .2%.
&mdash; Tom (@RunningLow) <a href="https://twitter.com/RunningLow/status/1838055375972495612?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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As of this writing, Spot gold traded at $2,632 per ounce, reflecting an increase of just 0.13% in the last 24 hours. 
Why It Matters: This was not Schiff&#8217;s first attempt to trivialize Bitcoin in relation to gold. He has previously argued that Bitcoin lacks intrinsic value and <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40818582/gold-bull-peter-schiff-claims-bitcoin-lacks-intrinsic-value-and-is-destined-to-fail">is destined to fail</a>. 
Interstingly, Schiff&#8217;s argument of Bitcoin possessing no real-world utility came at a time when former President Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40932192/trump-pays-up-for-smash-burgers-and-diet-cokes-with-bitcoin-during-new-york-campaign-halt-">paid for Smash burgers and Diet Coke</a> using Bitcoin at a cryptocurrency-themed bar. 
Earlier, Schiff <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40744158/peter-schiff-takes-a-jab-at-investors-for-choosing-bitcoin-etf-over-gold-etf-says-they-bet">questioned investors&#8217; financial wisdom</a> for choosing Bitcoin ETFs over Gold ETFs, saying that they bet on the wrong horse. 
Price Action: At the time of writing, Bitcoin was exchanging hands at $63,045.85, down 2.22% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photo Courtesy: Wikimedia Commons
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</ul>

Peter Schiff Isn't Pleased With Market's Bitcoin Obsession While Gold Is Touching Record Highs: 'Few Investors Notice Or Care'

Tesla and SpaceX CEO Elon Musk&#8217;s social media platform X, formerly Twitter, is witnessing a significant user exodus. Controversial posts on X and overall direction have led to a noticeable decline in active users, particularly in the U.K.
What Happened: Active daily users in the U.K. have decreased from eight million to around 5.6 million in the past year. 
Over a third of this drop occurred after Musk made controversial posts, such as &#8220;civil war is inevitable,&#8221; during the summer riots, <a href="https://www.ft.com/content/65961fec-a5ab-4c71-b1c8-265be3583a93">reported</a> Financial Times, citing Similarweb.
The&nbsp;U.S. has also seen a decrease of about a fifth in X&#8217;s active users over the same period.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Perplexity AI In Discussion With Marriott And Nike As It Prepares To Challenge To Google&#8217;s Dominance</a>
Disgruntled X users are migrating to alternative platforms, with Bluesky, a platform co-founded by Twitter founder&nbsp;Jack Dorsey, gaining significant traction.
Despite having fewer absolute numbers than Meta Platform&#8217;s Threads app, Bluesky has experienced rapid growth&nbsp;over the past six weeks,&nbsp;becoming a preferred choice for media professionals, policy experts, academics, and broader users.
However, the report also highlights a potential issue with Bluesky&#8217;s user base, which tends to hold similar viewpoints, creating an echo chamber effect.
Despite this, many users seem to appreciate the platform&#8217;s echo chamber nature, likening it to the &#8220;old Twitter.&#8221;
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: The user migration from X to Bluesky can be traced back to Musk&#8217;s controversial remarks concerning the nationwide riots in the U.K.&nbsp;
In August, it was reported that these comments <a href="https://www.benzinga.com/news/24/08/40357647/elon-musk-might-have-triggered-a-bluesky-user-boom-with-his-controversial-uk-riot-remarks-report">led to a 60% increase</a> in Bluesky&#8217;s general activity from U.K. accounts.
Interestingly, Musk had previously expressed his gratitude for Dorsey after he called X &#8220;freedom technology.&#8221; 
This was after Dorsey stepped down from the <a href="https://www.benzinga.com/news/24/05/38669520/elon-musk-is-all-hearts-for-jack-dorsey-calling-x-freedom-technology-after-quitting-twitter-killer-b">Bluesky board amid controversy</a> at Block.
Image via Shutterstock
Check out more of Benzinga&#8217;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:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Tech

Media

Elon Musk's X Bled Users To Bluesky In UK Since The Tech Mogul Started Posting Things Like 'Civil War Is Inevitable' — Rise Of Social Media Echo Chambers Inevitable?

Elon Musk, CEO of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), announced on X that Tesla vehicles can now autonomously navigate complex <a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-?itm_source=parsely-api">parking lots to find their owners</a>.
What Happened: According to a post by Musk on social media platform X on Tuesday, &#8220;Your Tesla can now drive itself through complex parking lots to find you.&#8221; 
Musk&#8217;s statement was in response to a post by ΛI DRIVR, which highlighted the improved &#8220;Actually Smart Summon&#8221; feature, stating it makes navigating places like Costco easy.
The Summon and Smart Summon features allow a Tesla to move in or out of a parking space up to 12 meters (39 feet). These features are designed for use in familiar and predictable areas such as private driveways and parking lots.
Smart Summon can drive a Tesla to a selected location or directly to the owner, maneuvering around obstacles and stopping as needed. Tesla specifies that this feature is intended for private parking lots and driveways.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Your Tesla can now drive itself through complex parking lots to find you <a href="https://t.co/ATqMCnntcQ">https://t.co/ATqMCnntcQ</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1838339043337146481?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/40972893/trumps-mars-landing-promise-gets-slammed-by-peter-schiff-even-as-elon-musk-says-spacex-plans-5-launc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Mars Landing Promise Gets Slammed By Peter Schiff Even As Elon Musk Says SpaceX Plans 5 Launches To Red Planet In 2 Years: &#8216;Just Don&#8217;t Want The Government To Do It&#8217;</a>
Why It Matters: The announcement of this new feature is a significant milestone for Tesla&#8217;s autonomous driving technology. Earlier this month, Tesla launched the &#8220;Actually Smart Summon&#8221; feature, which allows owners to summon their vehicles <a href="https://www.benzinga.com/news/24/09/40681024/tesla-owners-can-now-summon-their-vehicles-using-their-phones">using their phones</a>. 
This feature is part of Tesla&#8217;s Full Self-Driving (FSD) <a href="https://www.benzinga.com/news/24/09/40681024/tesla-owners-can-now-summon-their-vehicles-using-their-phones">driver assistance technology</a>, which has been gradually rolling out to users. 
Last week, Tesla made a notable change to its FSD package, rebranding it as &#8220;Full Self-Driving (Supervised).&#8221; This change means that the car will drive with <a href="https://www.benzinga.com/startups/24/09/40899899/tesla-switches-to-full-self-driving-supervised-for-new-cars-and-the-conspiracy-theories-are-already">minimal driver intervention</a>, but not completely autonomously. This rebranding has sparked discussions and conspiracy theories among Tesla owners and enthusiasts. 
Just a day before the latest announcement, Musk stated that buses would become obsolete once Tesla&#8217;s <a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-">robotaxis start operating</a>. He emphasized that these robotaxis would take people from point to point at a cost similar to a bus ticket, highlighting the potential for Tesla&#8217;s autonomous technology to revolutionize transportation. 
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</ul>
Image Courtesy of Tesla 
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>

TSLA

Elon Musk Says, 'Your Tesla Can Now Drive Itself Through Complex Parking Lots To Find You' — 'Actually Smart Summon' Feature Arrives

Cat-themed cryptocurrency, cat in a dogs world (MEW) defied the broader memecoin stagnation on Monday to become one of the cohort&#8217;s top gainers.
What happened: The fourth-largest memecoin on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) jumped more than 10% in the last 24 hours, while its trading volumes soared 70%.&nbsp;
The coin&#8217;s weekly gains increased to 34% following the latest uptick, helping traders recover losses from the previous month.
According to social media analytics tool <a href="https://lunarcrush.com/discover/cat-in-a-dogs-world?metric=interactions%2Csocial_dominance%2Cclose&amp;scale=&amp;interval=1d">LunarCrush</a>, socially-driven engagements, including likes, comments, and views for the coin, surged 442% in the last 24 hours, reflecting strong interest among retail traders.
The coin's northward movement stood in sharp contrast to the performance of sector heavyweights like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), which fell 0.29% and 2.18%, respectively.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40994028/elon-musk-dons-his-maga-hat-to-meet-pro-bitcoin-president-javier-milei-duo-discuss-argenti">Elon Musk Dons His MAGA Hat To Meet Pro-Bitcoin President Javier Milei: Duo Discuss Argentina&#8217;s Journey To Normalcy</a>
Why It Matters: Launched to challenge the hegemony of dog-themed memecoins, MEW has nearly tripled in value since its introduction in late March.&nbsp;
Widely-followed trader Yelo made a strong case for the token, saying it deserved to be at the top of investors' radar.
The trader highlighted MEW's listing on London-based cryptocurrency trading platform Revolut and Korean cryptocurrency exchange Upbit.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">ngl <a href="https://twitter.com/search?q=%24MEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MEW</a> should be at the top of most ppls radar, they just got listed on revolut &amp; upbit in the same 24 hr and its widely loved in asia, especially korea &amp; the krw/mew pair drops soon not to mention the top 5 volume on most exchanges its listed on lol perma bull for <a href="https://twitter.com/search?q=%24mew&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$mew</a> <a href="https://t.co/0PPwOE03kI">pic.twitter.com/0PPwOE03kI</a>
&mdash; Yelo (@yelotree) <a href="https://twitter.com/yelotree/status/1838388778366312792?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Interestingly, another cat-themed memecoin, Popcat (SOL), is currently the <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40357274/cat-themed-popcat-has-popped-whopping-6813-this-year-feline-themed-coins-are-challenging-s">top performer</a> for 2024, soaring an impressive 11,203.24 this year.
Price Action: At the time of writing, MEW was exchanging hands at 0.00548, up 10.23% in the last 24 hours, according to data from CoinMarketCap.
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Movers

$DOGE

$SHIB

$SOL

Cat In A Dogs World Logs Double-Digit Gains Defying Canine-Themed Dogecoin And Shiba Inu's Loss-Making Moves

Pennsylvania governor Josh Shapiro&nbsp;has called on regulators to accelerate the integration of the Three Mile Island nuclear reactor into the power grid. This move would allow&nbsp;Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to <a href="https://www.benzinga.com/markets/equities/24/09/40957437/microsoft-taps-constellation-for-20-year-carbon-free-power-3-400-jobs-coming-to-pennsylvania">tap into its power by 2028</a>.
What Happened: Following Microsoft&#8217;s decision&nbsp;to buy power from the&nbsp;currently dormant&nbsp;Three Mile Island nuclear plant, Shapiro wrote a letter to regulators Friday, advocating for the reactor to bypass the growing queue for grid connection.
In a letter addressed to the heads of&nbsp;PJM Interconnection, the grid operator serving&nbsp;Pennsylvania and several other states, Shapiro said that the reactor should be allowed to come online quickly, rather than being treated as a new development.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40970948/elon-musk-and-nvidia-ceo-share-vision-of-ai-powered-personal-assistants-linkedin-under-scrutiny-and?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk And Nvidia CEO Share Vision Of AI-Powered Personal Assistants, LinkedIn Under Scrutiny And More: This Week In AI</a>
He said PJM halted the acceptance of new energy source applications in 2021 and will not resume accepting them until February 2026.
&#8220;Even when the queue reopens, it will be several more years before the energy can actually from those projects and into our communities,&#8221; he stated in the letter.
In response, PJM said it is working on a &#8220;fast track&#8221; system to prioritize certain electricity projects, <a href="https://www.barrons.com/articles/microsoft-stock-nuclear-power-6c764e54">reported</a> Barron&#8217;s. The grid, facing significant new electricity demands due to data centers, electric vehicles, and new factories,&nbsp;could reach its limit of reliable power by 2030.
Why It Matters: The Three Mile Island reactor (Unit 1), owned by&nbsp;Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>),&nbsp;was <a href="https://www.benzinga.com/pressreleases/24/09/b40954951/constellation-to-launch-crane-clean-energy-center-restoring-jobs-and-carbon-free-power-to-the-grid">shut down in 2019</a>&nbsp;for financial reasons.
Unit 1 is located adjacent to TMI Unit 2, which has been inactive since 1979 and is currently being decommissioned by Energy Solutions. The unit suffered a partial meltdown on March 28 of that year. It was the most serious accident in the U.S. commercial nuclear operating history, according to the United States Nuclear Regulatory Commission. Unit 1 operates independently and was not impacted by the accident.
Former Pennsylvania governor Dick Thornburgh later said that about 140,000 people evacuated the area surrounding the Three Mile Island nuclear power plant within days of the accident. 
Now, with the 20-year power purchase agreement with Constellation Energy, Microsoft plans to source energy from the revived plant to align its PJM data centers' power use with carbon-free energy, supporting its sustainability goals.
Following the announcement of the deal, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40987749/constellation-energys-microsoft-deal-sparks-long-term-growth-analysts-raise-price-f">Constellation Energy&#8217;s shares saw</a> a significant increase, and several analysts raised the price target on the stock.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a></li>
</ul>
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.

Politics

MSFT

Pennsylvania Governor Josh Shapiro Urges Quick Connect For Microsoft's Nuclear Power Plan Involving Three Mile Island

California filed a lawsuit against ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) on Monday, accusing the oil giant of misleading the public about the recyclability of plastics.
What Happened: The lawsuit, filed in San Francisco County Superior Court, alleges that ExxonMobil engaged in a &#8220;decades-long campaign of deception&#8221; regarding plastic recycling. California Attorney General Rob Bonta stated that ExxonMobil falsely promoted all plastics as recyclable, contributing to global plastic pollution, <a href="https://www.washingtonpost.com/climate-solutions/2024/09/23/california-sues-exxonmobil-plastics-recycling/">reported</a> The Washington Post.
"For decades, ExxonMobil has been deceiving the public to convince us that plastic recycling could solve the plastic waste and pollution crisis when they clearly knew this wasn't possible," Bonta said in a statement. 
The legal action seeks unspecified damages and marks the first attempt by a U.S. government official to hold an oil and gas company accountable for misleading claims about plastics. Bonta&#8217;s office launched an investigation in April 2022, issuing a subpoena to ExxonMobil as part of the probe.
The 147-page complaint alleges that ExxonMobil&#8217;s efforts to push plastic recycling violate state laws on water pollution, unfair competition, and false advertising. The lawsuit also claims that ExxonMobil&#8217;s &#8220;advanced recycling&#8221; program is misleading, with over 90% of plastic waste processed becoming fuel instead of recycled plastic.
The legal action is part of a broader effort to address plastic pollution. On Sunday, Gov. Gavin Newsom signed legislation banning plastic shopping bags in California by 2026. Environmental advocates have praised the lawsuit, calling it a significant step against the plastics industry.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40973189/teslas-chinese-rival-byd-plans-to-assemble-evs-in-pakistan-after-india-said-no-we-have-big-ambit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: &#8216;We Have Big Ambitions&#8217;</a>
Why It Matters: ExxonMobil&#8217;s recent activities highlight its efforts to pivot towards more sustainable practices. 
On Sept. 13, ExxonMobil announced a partnership with Mitsubishi Corporation for a low-carbon hydrogen project at its Baytown, Texas facility. The project aims to produce low-carbon hydrogen and ammonia by <a href="https://www.benzinga.com/markets/equities/24/09/40851190/exxon-mitsubishi-join-forces-for-low-carbon-hydrogen-project">capturing 98% of CO2 emissions</a>. 
Price Action: Exxon Mobil Corp stock closed at $117.36 on Monday, up 1.81%, for the day. In after-hours trading, the stock dipped 0.10%. Year to date, Exxon Mobil&#8217;s stock has seen a significant increase of 14.65%, according to <a href="https://www.benzinga.com/pro/login">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/sector-etfs/24/09/40990914/oil-falls-energy-stocks-flat-as-fears-of-demand-drop-off-eclipse-israel-hezbollah-conflict-escal">Oil Falls, Energy Stocks Flat As Fears Of Demand Drop Eclipse Israel-Hezbollah Conflict Escalation</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>

Equities

Legal

Global

ExxonMobil Gets Slammed By California Attorney General On Plastic Recycling As A Solution To Waste And Pollution: 'They Clearly Knew This Wasn't Possible'

On Monday, Cathie Wood-led Ark Invest made some significant trades. Notably, the firm bought shares of PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) and Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), while selling its stake in ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>).
The PayPal Trade
Ark Invest&#8217;s Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) added 57,824 shares of PayPal, valued at approximately $4.5 million based on the closing price of $77.67. This move comes in the wake of <a href="https://www.benzinga.com/insights/analyst-ratings/24/09/40929087/key-takeaways-from-paypal-holdings-analyst-ratings">analysts expressing diverse opinions</a> about the company, with an average 12-month price target of $78.62.
PayPal has recently made a <a href="https://www.benzinga.com/fintech/24/09/40731875/paypal-ventures-into-in-person-payments-with-apple-pay-integration-and-cashback-rewards">strategic shift</a> to penetrate the U.S. point-of-sale (POS) payments market. The company is integrating its debit card with Apple Inc.&#8217;s mobile wallet and offering different cashback rewards.
The Pinterest Trade
Ark Invest&#8217;s Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) purchased 115,211 shares of Pinterest, amounting to approximately $3.51 million based on the closing price of $30.46. Pinterest reported solid <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40075181/pinterest-shares-plunge-despite-upbeat-q2-results-6-analysts-on-guidance-future-gro">second-quarter results</a> at the end of July, with revenue slightly surpassing expectations. However, third-quarter guidance came in below analyst projections, raising concerns about sustained growth for the rest of 2024.
The Bitcoin ETF Trade
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40946963/bitcoin-worth-63-000-pulled-in-33-pack-of-trading-cards-at-gamestop-mind-boggling-story-go?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Worth $63,000 Pulled In $33 Pack Of Trading Cards At GameStop: &#8216;Mind-Boggling&#8217; Story Goes Viral, Highlights Crypto Redemption Card</a>
ARKW sold 44,609 shares of ARK 21Shares Bitcoin ETF, valued at approximately $2.82 million based on the closing price of $63.25. This sale occurred on the same day that Bitcoin hit a new high of $63,500, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40976413/bitcoin-etf-surge-in-pre-market-as-king-crypto-hits-63-500">causing a significant surge</a> in pre-market activity for several Bitcoin ETFs.
On Monday, Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40994451/bitcoin-ethereum-dogecoin-pull-back-from-sundays-advances-analyst-says-eths-dips-below-2-3">steadily declined</a> below $63,000 after a spike to $64,600, following positive comments about cryptocurrency from Democratic presidential candidate Kamala Harris. Total cryptocurrency liquidations surpassed $124 million in the past 24 hours, with bearish bets at $67 million, while Bitcoin&#8217;s funding rate remained positive, reflecting bullish trader dominance.
Other Key Trades: 
<ul>
<li>ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) sold 7,747 shares of Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) in a transaction valued at $293,998, based on Monday&#8217;s closing price of $37.95 per share.</li>
<li>ARKF sold shares of Adyen NV (ADYEN). ARKG also sold shares of Vertex Pharmaceuticals Inc (VRTX) and bought shares of Pacific Biosciences of California Inc (PACB). </li>
<li>ARKK sold shares of Roku Inc (ROKU) and ARKQ bought shares of 3D Systems Corp (DDD).</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40968244/trumps-new-crypto-ventures-legal-counsel-accused-of-attempting-to-seize-control-of-rival-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s New Crypto Venture&#8217;s Legal Counsel Accused Of Attempting To Seize Control Of Rival Firm</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

ARKF

ARKK

ARKW

PINS

PLTR

PYPL

Cathie Wood's Ark Invest Buys $4.5M Of PayPal And $3.5M Of Pinterest Shares, Sells Own Bitcoin ETF Amid Crypto Surge, And Continues Offloading Palantir

Leading cryptocurrencies reversed course on Monday, giving up gains achieved the previous day.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:20 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.55%</td>
<td>$62,826.40</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.05%</td>
<td>$2,618.46</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.39%</td>
<td>$0.1072</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin made a steady descent below $63,000, a day after spiking to $64,600 on <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in">pro-cryptocurrency comments</a> by Democratic presidential candidate Kamala Harris.
Ethereum also started going downhill after the market close, settling around the low $2,600 region.
Interestingly, a sharp disparity emerged between the two top currencies&#8217; weekly performance and their year-to-date returns. Ethereum, being a laggard in comparison to Bitcoin this year, outperformed King Crypto over the week. 
This potentially signaled a capital rotation away from the leading currency to other coins, following the Federal Reserve&#8217;s aggressive 50 basis point rate cut.
Total cryptocurrency liquidations exceeded $124 million in the last 24 hours, with bearish bets accounting for $67 million.
Bitcoin's funding rate on major cryptocurrency exchanges like Binance continued to be positive, indicating the dominance of bullish traders. The Open Interest in Bitcoin futures fell marginally by 0.25% in the last 24 hours.
The market sentiment remained "Neutral," according to the popular Cryptocurrency Fear &amp; Greed Index, signaling a balance between market forces.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:20 p.m. EDT)</td>
</tr>
<tr>
<td>Celestia (TIA)</td>
<td>+21.46%</td>
<td>$6.56</td>
</tr>
<tr>
<td>Arweave (AR)</td>
<td>+16.16%</td>
<td>$22.95</td>
</tr>
<tr>
<td>NEAR Protocol (NEAR)</td>
<td>+14.02%</td>
<td>$5.16</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market stood at $2.22 trillion, following a marginal contraction of 0.05% in the last 24 hours.
Stocks climbed to fresh highs Monday. The Dow Jones Industrial Average lifted 61.29 points, or 0.15%, to close at 42,124.65, while the broad-based index&nbsp; S&amp;P 500 inched 0.28% higher to end at 5,718.57, both clocking record numbers. The tech-focused Nasdaq Composite gained 0.14% to close at 17,974.27.
Investors <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40983043/us-services-growth-tops-estimate-contraction-in-manufacturing-worsens-reacceleratio">weighed the weak manufacturing sector data</a>, which showed output levels hitting their lowest since December 2023.
Market participants would be on the lookout for more such macroeconomic data, including the weekly jobless claims, expected to be released Thursday, to assess the Federal Reserve's goal of soft landing.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst Rekt Capital stated that Bitcoin has historically broken out of its reaccumulation range between 154 and 161 days after halving.
"It is 157 days after the halving now. History suggests it is &#8220;Breakout Time&#8221; for Bitcoin," the analyst remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Historically, Bitcoin has broken out from its ReAccumulation Range 154-161 days after the Halving It is 157 days after the Halving now History suggests it is &quot;Breakout Time&quot; for Bitcoin<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/Ydqlu4JKSf">https://t.co/Ydqlu4JKSf</a> <a href="https://t.co/CwRvUYnHW0">pic.twitter.com/CwRvUYnHW0</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1838269432960843880?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely-followed analyst going by the pseudonym Wolf said that Ethereum's dips below $2,300 were "prime buying zones" and now he expects a strong upside in the days ahead. 
<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">As I've been pointing out, dips below $2300 were prime buying zones. <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> bulls have woken up, and I'm expecting a strong push in the coming days. <a href="https://t.co/xamycfDzqj">pic.twitter.com/xamycfDzqj</a>
&mdash; Wolf &#x1f43a; (@IamCryptoWolf) <a href="https://twitter.com/IamCryptoWolf/status/1838167928560054559?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
 While the analyst expects Ethereum bulls to give the second-largest cryptocurrency a &#8220;strong push&#8221; in the coming days, here is a look at how the two cryptocurrencies have performed since the year started and over the last seven days.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>7-Day Gains +/-</td>
<td>YTD Gains +/-</td>
</tr>
<tr>
<td>Bitcoin </td>
<td>+8.54%</td>
<td>+49.29%</td>
</tr>
<tr>
<td>Ethereum</td>
<td>+14.57%</td>
<td>+14.82%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">Trump Vs. Harris: 2024 Election Betting Odds Show Vice President Maintains Lead As Race Nears One-Month Mark</a></li>
</ul>

$ETH

Bitcoin, Ethereum, Dogecoin Pull Back From Sunday's Advances: Analyst Says ETH's Dips Below $2.3K Were 'Prime Buying Zones'

Ahead of the 2024 presidential election, former Treasury Secretary Lawrence Summers has raised concerns about the economic policies proposed by Donald Trump, warning they could <a href="https://www.benzinga.com/news/24/09/40994134/who-funded-melania-trumps-six-figure-lgbt-speaking-engagement-the-source-remains-shrouded-in-mystery">destabilize long-term inflation expectations</a>.
What Happened: Summers, a notable economist and former Treasury Secretary under 44th U.S. President Barack Obama, criticized Trumponomics in a post on X on Monday. According to Summers, the economic policies proposed by Trump could destabilize long-term inflation expectations.
Summers expressed concerns that political interference with the central bank might lead to higher wages and prices. He stated, &#8220;Long term inflation expectations are anchored by the judgment that a politically independent central bank will impose restrictive policy if inflation becomes excessive.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trumponomics: the radical plan that would reshape America's economy. "Long term inflation expectations are anchored by the judgment that a politically independent central bank will impose restrictive policy if inflation becomes excessive. If that expectation is allowed to…
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1838231280195879362?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Summers cited an article by the Financial Times discussing Trumponomics and its potential impact on the economy. The article highlighted that Trump&#8217;s proposed tariffs could damage the economy and increase global tensions.
Summers also criticized Trump&#8217;s plan to cap credit card interest rates, calling it a &#8220;far more egregious price control than anything Democrats have suggested.&#8221; He added that such measures could constrain credit costs significantly away from market levels.
<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">A cap on credit card interest rates is a far more egregious price control than anything Democrats have suggested. I am not enthusiastic, to put it mildly, about Democratic anti-gouging ideas but none hold prices more than a few percent away from market levels. The Trump plan…
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1838179706098593958?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40945083/fda-approved-cannabis-based-drug-shows-promising-results-as-a-treatment-for-war-veterans-study-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Oil Falls, Energy Stocks Flat As Fears Of Demand Drop Eclipse Israel-Hezbollah Conflict Escalation</a>
Why It Matters: The economic policies proposed by Trump have been a focal point of debate, especially as the 2024 presidential election approaches. 
Recent surveys indicate a shift in voter sentiment, with Vice President Kamala Harris gaining ground over Trump. According to a <a href="https://www.benzinga.com/news/24/09/40913930/kamala-harris-moves-from-13-point-deficit-to-7-point-lead-over-trump-in-survey-of-fund-managers-stra">recent survey</a>, Harris has moved from a 13-point deficit to a 7-point lead over Trump among fund managers, strategists, and economists.
Trump&#8217;s economic proposals, including tax cuts, tariffs, and mass deportations, have drawn significant scrutiny. Economists warn that these measures could <a href="https://www.benzinga.com/personal-finance/24/09/40961812/economists-warn-trumps-plans-for-tax-cuts-tariffs-and-deportation-could-trigger-skyrocketing-inf">trigger skyrocketing inflation</a>. Trump&#8217;s stance on tariffs, in particular, has been criticized for potentially exacerbating inflationary pressures.
Moreover, Trump&#8217;s dissatisfaction with the Federal Reserve&#8217;s recent decision to cut interest rates by 50 basis points has added another layer of complexity to the economic discourse. Trump suggested that the <a href="https://www.benzinga.com/news/24/09/40931251/trump-isnt-happy-with-jerome-powells-50-bps-rate-cut-maneuver-i-guess-it-shows-the-economy-is-very-b">rate cut might indicate a faltering U.S. economy</a> or be a politically motivated action.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40983043/us-services-growth-tops-estimate-contraction-in-manufacturing-worsens-reacceleratio?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Services Growth Tops Estimate, Contraction In Manufacturing Worsens: &#8216;Reacceleration Of Inflation&#8217;</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>

Economics

Obama Era Treasury Secretary Slams Trumponomics, Warns It Could Unanchor Long-Term Inflation Expectations And Lead To 'Higher Wages And Prices'

The major U.S. indices closed in positive territory, with the Dow Jones Industrial Average gaining 0.15% to finish at 42,124.65, while the S&amp;P 500 climbed nearly 0.3% to 5,718.57. The Nasdaq also edged up, rising about 0.1% to 17,974.27.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media &amp; Technology Group&#8217;s shares plunged by 10.33%, closing at $12.15, following the <a href="https://www.benzinga.com/news/24/09/40987695/whats-going-on-with-trump-media-technology-stock">expiration of a major lockup period</a>. This allowed large shareholders, including Donald Trump, to sell shares if they wished. Despite Trump&#8217;s repeated assurances that he will not be selling his shares, the stock&#8217;s performance was negatively impacted.
GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop shares rose by 2.11% to close at $22.31 after the company announced the completion of its <a href="https://www.benzinga.com/news/24/09/40991944/gamestop-stock-jumps-monday-after-the-bell-whats-going-on">at-the-market offering program</a>. This move has sparked interest among investors.
See Also: <a href="https://www.benzinga.com/news/24/09/40972893/trumps-mars-landing-promise-gets-slammed-by-peter-schiff-even-as-elon-musk-says-spacex-plans-5-launc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Mars Landing Promise Gets Slammed By Peter Schiff Even As Elon Musk Says SpaceX Plans 5 Launches To Red Planet In 2 Years: &#8216;Just Don&#8217;t Want The Government To Do It&#8217;</a>
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s shares climbed 2.04% to close at $90.09. The company&#8217;s cloud computing unit has partnered with Nvidia Inc. to <a href="https://www.benzinga.com/news/24/09/40988975/alibaba-shares-are-trading-higher-whats-going-on">enhance autonomous driving</a> for Chinese EV makers. This move has been seen as strategic, especially amid U.S. sanctions restricting access to advanced semiconductor chips.
Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>)
Snowflake&#8217;s shares dipped by 2.71% to close at $113.26 after the company announced a $2 billion <a href="https://www.benzinga.com/news/24/09/40991747/snowflake-stock-dips-on-offering-after-hours-what-to-know">private placement of senior convertible notes</a>. This move has led to a decrease in the company&#8217;s stock price.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares surged by 4.93% to close at $250 as investors anticipate the company&#8217;s third-quarter delivery figures and the <a href="https://www.benzinga.com/news/24/09/40992274/what-happened-with-tesla-stock-today">release of its robotaxi</a>. Barclays analyst Daniel Levy expects Tesla deliveries to exceed the consensus estimate of 460,000. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
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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>

BABA

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The&nbsp;Office of the Director of&nbsp;National Intelligence or ODNI has reported that AI is being used to improve, not revolutionize, foreign influence operations targeting the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">2024 U.S. elections</a>.
What Happened: In a statement on Monday, ODNI said that AI is viewed as a malign influence accelerant rather than a revolutionary tool in the hands of foreign operatives.
&#8220;The risk to U.S. elections from foreign AI-generated content depends on the ability of foreign actors to overcome restrictions built into many AI tools and remain undetected, develop their own sophisticated models, and strategically target and disseminate such content,&#8221; ODNI said.
Foreign operatives, particularly from Russia and Iran, are leveraging AI to overcome language barriers and disseminate disinformation to U.S. voters.
For instance, Iran&nbsp;has used AI to generate&nbsp;Spanish content on immigration, a divisive U.S. political issue. Russia, on the other hand, has produced the most AI-related content concerning the U.S. election.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a>
This is consistent with its efforts to support former President Donald Trump&nbsp;and <a href="https://www.benzinga.com/general/politics/24/09/40743037/putin-says-russia-backs-harris-and-her-infectious-laugh-for-2024-election-we-will-root-for-her">denigrate Vice President</a> Kamala&nbsp;Harris&#8217; campaign, <a href="https://edition.cnn.com/2024/09/23/politics/us-intel-ai-boosting-foreign-election-interference/index.html">noted</a> CNN.
China is also using AI to amplify divisive U.S. political issues, but not specifically to influence election outcomes, according to&nbsp;the new US intelligence assessment.
&#8220;For example, pro-China online actors this year have used AI-generated news anchors and inauthentic social media accounts with AI-generated profile pictures to sow divisions on issues such as drug use, immigration, and abortion,&#8221; ODNI stated.
Why It Matters: Previously it was reported that Russian operatives <a href="https://www.benzinga.com/news/24/09/40915084/kremlin-aligned-group-behind-false-hit-and-run-allegations-against-kamala-harris-microsoft-says">allegedly staged a video</a> falsely claiming&nbsp;that Harris paralyzed a young&nbsp;girl in a hit-and-run accident in 2011.
Last month, the Trump campaign blamed &#8220;<a href="https://www.benzinga.com/news/24/08/40305575/after-trump-campaign-blames-foreign-sources-hostile-to-the-us-for-cyberattack-ex-white-house-officia">foreign sources hostile to the U.S.</a>&#8221; for a cyberattack. This was followed by President Joe Biden <a href="https://www.benzinga.com/government/24/09/40713107/biden-to-accuse-russia-of-2024-election-interference-expert-says-voting-process-tough-to-tamper-with">accusing Russia</a> of seeking to interfere with the 2024 election.
Earlier this month, U.S. intelligence agencies revealed that <a href="https://www.benzinga.com/news/24/09/40933501/us-intel-agencies-reveal-iran-tried-to-share-hacked-trump-campaign-data-with-team-biden-fbi-says-no">Iran attempted to share hacked</a> information from the Trump campaign with the Biden campaign.
Image via Unsplash
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Russia, Iran Overcome Language Barriers To Spread Disinformation To Voters, Says Federal Agency: AI Improving, Not Revolutionizing Foreign Election Interference

Former First Lady Melania Trump has reportedly been receiving hefty payments for her appearances at political events this year. This unusual practice was unearthed in former President Donald Trump&#8217;s recent financial disclosure form.
What Happened: For a speaking engagement at an event organized by the LGBT+ organization Log Cabin Republicans in April, Melania Trump received a payment of $237,500 for a &#8220;speaking engagement,&#8221; <a href="https://edition.cnn.com/2024/09/23/politics/melania-trump-speaking-engagements/index.html?iid=cnn_buildContentRecirc_end_recirc">reported</a> CNN. However, the source of this payment remains a mystery. Charles Moran, the president of the Log Cabin Republicans, refuted claims that the group was responsible for her speaking fee.
Another instance of a similar payment request was made on behalf of Melania Trump for a fundraiser in July. However, it has not been confirmed whether she received payment for this event. The request was put forth by Ric Grenell, the former ambassador to Germany and a Trump ally.
These payments have reportedly raised eyebrows among experts in campaign finance and government ethics, who deem them not only unusual but also ethically dubious. They argue that the source of the payment should have been disclosed transparently to avoid potential conflicts of interest.
The report indicates that Melania Trump also received $250,000 for a Log Cabin Republican event in December 2022 and $155,000 from a Trump-aligned super PAC for a speech in December 2021. These payments were disclosed in Donald Trump&#8217;s previous year&#8217;s financial disclosure form.
While a spokesperson for Melania Trump declined to comment on the matter to CNN, sources supportive of her defended her right to decide how to spend her time and to get paid for it.
See Also: <a href="https://www.benzinga.com/news/24/09/40971739/a-military-coup-if-trump-wins-tucker-carlson-voices-concerns-to-jd-vance?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">A Military Coup If Trump Wins? Tucker Carlson Voices Concerns To JD Vance</a>
Why It Matters: These revelations come at a time when Melania Trump has been increasingly visible in the political sphere. She has been <a href="https://www.benzinga.com/news/24/09/40807096/melania-trump-says-the-attempt-to-end-her-husbands-life-was-a-horrible-distressing-experience-we-nee">questioning the circumstances surrounding an assassination attempt</a> on her husband and promoting her upcoming memoir. 
However, her <a href="https://www.benzinga.com/news/23/11/35737682/melania-trump-loves-the-mysterious-narrative-about-her-ex-aide">absence from key events linked to Donald Trump&#8217;s legal challenges</a> and her <a href="https://www.benzinga.com/news/24/09/40911991/hillary-clinton-compares-melania-trump-to-the-little-kid-at-a-birthday-party-who-doesnt-know-anyone">portrayal in Hillary Clinton&#8217;s latest book</a> have also drawn attention.
Photo Courtesy: Evan El-Amin On Shutterstock.com
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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>

General

Who Funded Melania Trump's Six-Figure LGBT+ Speaking Engagement? The Source Remains Shrouded In Mystery

Tesla and SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;met Argentina president&nbsp;Javier Milei, displaying camaraderie reminiscent of their previous meetings.
What Happened: A video shared by the official X handles of Milei and Musk showed the two greet each other with a warm handshake.
Interestingly, Musk wore a MAGA (Make America Great Again) hat, and made a gesture pointing to it, evoking laughs from the Argentinian leader, though the exact words exchanged were unclear as of this writing.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Así fue el reencuentro entre Elon Musk y Javier Milei. Argentina volverá a ser grande otra vez. <a href="https://t.co/Tddga9EYrV">pic.twitter.com/Tddga9EYrV</a>
&mdash; El Peluca Milei (@ElPelucaMilei) <a href="https://twitter.com/ElPelucaMilei/status/1838333503257161869?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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Milei is in town to deliver Argentina's national address to the United Nations General Assembly on Tuesday. 
Musk then proceeded to meet other people in Milei&#8217;s entourage. Finally, the tech czar posed with the president, giving a double thumbs up, a photo-op similar to one seen during their previous meeting.
According to presidential spokesperson Manuel Adorni, Musk and Milei talked about a range of economic policies introduced by Argentina, including deregulation and tax incentives like RIGI, aimed at boosting investments in the South American nation. The two also discussed Argentina&#8217;s path to normality.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Gran reunión con Elon Musk: conversaron sobre el proceso de desregulación que se está llevando adelante, de todos los detalles del RIGI, de las implicancias de la Ley Bases y del camino que está recorriendo la Argentina en su regreso a la normalidad. Fin. <a href="https://t.co/roJO9Av0kH">pic.twitter.com/roJO9Av0kH</a>
&mdash; Manuel Adorni (@madorni) <a href="https://twitter.com/madorni/status/1838271910783734256?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40989296/ethereum-outshines-bitcoin-after-u-s-federal-reserve-rate-cut-but-heres-how-volatility-cou">Ethereum Outshines Bitcoin After U.S. Federal Reserve Rate Cut, But Here&#8217;s How Volatility Could Crash The Party</a>
Why It Matters: Musk and Milei <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38659381/elon-musk-meets-bitcoin-supporting-president-javier-milei-again-i-recommend-investing-in-a">previously connected</a> on the sidelines of the 27th annual Milken Institute Global Conference in May, after which the multibillionaire had famously said, &#8220;I recommend investing in Argentina.&#8221;&nbsp;
Earlier this month, Musk was all praise for Milei&#8217;s policies in &#8220;restoring Argentina&#8217;s greatness.
A free-market proponent, Milei secured victory in the November elections after promising large cuts in public spending to address Argentina&#8217;s fiscal deficit and increasing inflation. His libertarian stance is also reflected in his support for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), making him one of the very few heads of state to openly endorse the asset.
However, the president has also faced criticism for his austerity measures, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40825073/pro-bitcoin-president-javier-milei-triumphs-as-pension-spending-hike-stalled-in-argentinas">with many taking to the streets </a>to oppose his attempts to halt the increase in pension spending.
Image via Shutterstock
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Elon Musk Dons His MAGA Hat To Meet Pro-Bitcoin  President Javier Milei: Duo Discuss Argentina's Journey To Normalcy

Ahead of the 2024 presidential election, former President Donald Trump has made headlines with his latest trade policy proposal, promising hefty tariffs on vehicles produced by <a href="https://www.benzinga.com/news/24/09/40913456/trump-vows-200-tariffs-on-chinese-made-cars-in-mexico-warns-of-us-auto-industry-collapse-if-kamala-h">alleged Chinese factories in Mexico</a>.
What Happened: Billionaire entrepreneur Mark Cuban criticized former President Trump&#8217;s threat to impose a 200% tariff on John Deere, listed on the New York Stock Exchange as Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), for moving production to Mexico. In a post on X, Cuban called it a &#8220;good way to destroy a legendary American company.&#8221;
Cuban responded to Collin Rugg, owner of Trending Politics, who reported Trump&#8217;s comments made at a policy roundtable in Smithton, Pennsylvania. Trump warned John Deere of a 200% tariff if they proceed with plans to shift some production to Mexico.
&#8220;This Lack of Understanding of Business is insane,&#8221; Cuban wrote. 
Trump&#8217;s comments were made while speaking to farmers, emphasizing his knowledge and love for John Deere. He stated, &#8220;If you do that, we&#8217;re putting a 200% tariff on everything that you want to sell into the United States,&#8221; highlighting his campaign&#8217;s focus on tariffs.
John Deere&#8217;s <a href="https://about.deere.com/en-us/commitment-to-united-states-manufacturing">webpage</a> details the company&#8217;s commitment to U.S. manufacturing and explains the necessity of moving less complex operations to other locations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This Lack of Understanding of Business is insane. Put a 200% tariff on the American company moving some production to Mexico But tariff Chinese manufacturers 10 or 20%, so that the Chinese products will be cheaper to sell in the US than the American company. Good way to… <a href="https://t.co/c23eVGMSeB">https://t.co/c23eVGMSeB</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1838326975234228494?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/40968288/marjorie-taylor-greene-slams-lack-of-results-from-biden-administrations-42b-broadband-program-in-geo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Slams Lack Of Results From Biden Administration&#8217;s $42B Broadband Program In Georgia: Elon Musk Calls It &#8216;Staggeringly Bad Waste Of Money&#8217;</a>
Why It Matters: Trump&#8217;s recent tariff threats are not isolated incidents. Last week, Trump vowed to impose 200% tariffs on <a href="https://www.benzinga.com/news/24/09/40913456/trump-vows-200-tariffs-on-chinese-made-cars-in-mexico-warns-of-us-auto-industry-collapse-if-kamala-h">Chinese-made cars produced in Mexico</a>, warning of a potential collapse of the U.S. auto industry if Vice President Kamala Harris wins the 2024 election. He reiterated these claims during a town hall event in Flint, Michigan, despite the lack of evidence supporting the existence of such factories.
According to the Bureau of Labor Statistics, since President&nbsp;Joe Biden&nbsp;took over, auto and parts jobs have <a href="https://www.benzinga.com/startups/24/09/40971171/trump-promises-more-tariffs-while-repeating-his-controversial-false-claim-about-chinese-automakers-b">jumped by 13.6%, reaching 1.07 million by August</a>. Car sales even ticked up by 2.4% in the first half of this year. The idea that the U.S. auto industry is on its last legs seems a stretch at the very least.
The U.S. has been strategically decoupling from China, a trend expected to continue<a href="https://www.benzinga.com/markets/penny-stocks/24/08/40257933/kamala-and-trump-will-continue-china-de-risking-does-that-make-china-a-turn-off-to-wall-stre"> regardless of the 2024 election outcome</a>. Both Harris and Trump are likely to maintain this stance, impacting Chinese companies outsourcing to or investing in factories in Southeast Asia and Mexico.
Additionally, the Biden administration has proposed banning vehicles equipped with Chinese software, citing national security concerns. The U.S. Commerce Department aims to <a href="https://www.benzinga.com/news/24/09/40981404/us-proposes-ban-on-vehicles-equipped-with-chinese-software-as-team-biden-cracks-down-on-foreign-adve">prevent nearly all Chinese cars</a> from entering the U.S. market, further complicating the trade landscape.
Price Action: Deere &amp; Co stock closed at $408.95 on Monday, up 0.75% for the day. In after-hours trading, the stock dipped 1.53%. Year to date, Deere &amp; Co has risen by 2.01%, according to <a href="https://www.benzinga.com/pro/login">data from Benzinga Pro</a>.
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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>

Mark Cuban Says Trump's Lack Of Understanding Business Is 'Insane' — Slams 200% Tariff Threat On John Deere: 'Good Way To Destroy A Legendary American Company'

Senate Majority Leader Chuck Schumer (D-N.Y.) has criticized former President Donald Trump for spending a month encouraging the House GOP to shut down the government.
What Happened: On Monday, Schumer took to X to express his views on the ongoing negotiations for a stopgap funding deal. He criticized Trump&#8217;s urging of House Republicans to force a government shutdown if Voter ID proposals, supported by him, were not accepted. 
Schumer&#8217;s post read, &#8220;Remember: Trump has spent the month urging House Republicans to shut the government down if his poison pills weren't passed. It's outlandishly cynical.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Remember: Trump has spent the month urging House Republicans to shut the government down if his poison pills weren't passed. It's outlandishly cynical. He knows a shutdown would mean chaos and pain and needless heartache for the American people. But clearly he doesn't care.
&mdash; Chuck Schumer (@SenSchumer) <a href="https://twitter.com/SenSchumer/status/1838343335859360248?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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He called the ex-president&#8217;s position &#8220;outlandishly cynical.&#8221; 
&#8220;He knows a shutdown would mean chaos and pain and needless heartache for the American people,&#8221; said Schumer — adding, &#8220;But clearly he doesn't care.&#8221;
<a href="https://twitter.com/SenSchumer/status/1838343335859360248?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1838343335859360248%7Ctwgr%5Ebc9a94e171a25ffbc7e2e4c6577d342efa4afd95%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Feditorial.benzinga.com%2Fwp-admin%2Fpost-new.php" target="_blank" rel="noreferrer noopener"></a>This comes in the wake of a significant development in the House of Representatives, where Speaker Mike Johnson&#8217;s (R-La.) funding bill was <a href="https://www.benzinga.com/news/24/09/40931809/house-republicans-reject-their-own-funding-bill-as-government-shutdown-looms-mike-johnson-says-we-ha">defeated by a group of House Republicans</a>. The bill's failure complicated efforts to avoid a government shutdown at the end of the month.
However, on Monday, Congressional leaders reached a bipartisan agreement on a short-term spending bill to fund federal agencies through mid-December, avoiding a government shutdown as the new fiscal year began. The bill includes $231 million for the Secret Service following assassination attempts on Trump. Final spending decisions were pushed until after the November elections, <a href="https://apnews.com/article/congress-government-shutdown-trump-johnson-budget-deal-d51de0cd895db687a6f5b35fc0dab13e">reported</a> AP News.
See Also: <a href="https://www.benzinga.com/news/24/09/40969584/trump-vs-harris-this-candidate-has-the-edge-in-latest-swing-state-polls?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: This Candidate Has The Edge In Latest Swing State Polls</a>
Why It Matters: Schumer&#8217;s comments echoed his <a href="https://www.benzinga.com/news/24/09/40890590/chuck-schumer-says-if-government-shutdown-happens-it-will-because-of-republican-poison-pills-the-ame">previous warning</a> that if a government shutdown occured due to "Republican poison pills," the American public would hold them accountable. His post read, "If a shutdown happens because of Republican poison pills, the American people are going to hold them responsible. We don&#8217;t need to go down this road."
House GOP leaders had proposed a <a href="https://www.benzinga.com/news/24/09/40972702/house-gop-leaders-pitch-3-month-funding-plan-drop-trump-backed-voter-id-proposal-mike-johnson-says-s">three-month plan</a> to keep the government funded, following the failure of Speaker Johnson's initial plan due to Republican opposition. The resolution, which maintains current funding levels until December 20, sets the stage for a holiday funding battle. The three-month timeframe is a reduction from Johnson's initial six-month proposal and notably omits a Trump-endorsed measure requiring proof of citizenship to vote.
Johnson had warned Republicans against a shutdown, stating in a "Dear Colleague" letter, "As history has taught and current polling affirms, shutting the government down less than 40 days from a fateful election would be an act of political malpractice."
Photo courtesy: Shutterstock
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Chuck Schumer Slams Trump's 'Poison Pill' Efforts As Congressional Leaders Agree On Temporary Funding Deal: 'Clearly He Doesn't Care'

In a recent development, Masoud Pezeshkian, the President of Iran, has pointed fingers at Israel for escalating the ongoing conflict in the Middle East.
What Happened: Pezeshkian, in his address to the media on Monday, alleged that Israel is creating &#8220;traps&#8221; to instigate Iran into a wider conflict. He voiced Iran&#8217;s unwillingness to see the current Gaza war and Israeli-Lebanon border airstrikes escalate, <a href="https://apnews.com/article/united-nations-iran-529d09bced2d3c579df5ab025b467a55">reported</a> AP News.
&#8220;We don&#8217;t want to fight,&#8221; Pezeshkian declared. &#8220;It&#8217;s Israel that wants to drag everyone into war and destabilize the region. … They are dragging us to a point where we do not wish to go.&#8221;
The Iranian leader, who recently took office after a presidential runoff in July, made these comments during his first appearance at the U.N. General Assembly. His comments come as Israel intensifies its attacks on Iranian-backed Hezbollah militants in Lebanon.
Pezeshkian criticized Israel&#8217;s actions, citing the recent deadly explosions in Lebanon and the assassination of Hamas&#8217; political leader in Tehran, both of which he attributed to Israel.
Despite Israel&#8217;s claims of not wanting a wider war, Pezeshkian argued that their actions suggest otherwise. He reiterated Iran&#8217;s commitment to peace, stating, &#8220;We are willing to put all our weapons aside so long as Israel is willing to do the same.&#8221;
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Why It Matters: The recent escalation of violence between Israel and Hezbollah has been a cause for international concern. <a href="https://www.benzinga.com/government/24/09/40986207/israel-carries-out-air-assaults-on-hezbollah-in-southern-lebanon">Israeli airstrikes on Hezbollah targets in southern Lebanon</a> resulted in approximately 274 casualties on Monday. The conflict has been intensifying since Israel&#8217;s war with Hamas began last October.
Despite the escalating conflict, <a href="https://www.benzinga.com/etfs/sector-etfs/24/09/40990914/oil-falls-energy-stocks-flat-as-fears-of-demand-drop-off-eclipse-israel-hezbollah-conflict-escal">oil prices fell by more than 1%</a> on Monday due to concerns over weakened global demand. The conflict has not significantly affected energy supplies, with investors focusing more on the macroeconomic picture of slowing global consumption.
The U.S. has also <a href="https://www.benzinga.com/news/24/09/40977597/us-warns-israel-against-opening-a-full-blown-war-against-hezbollah-as-air-strikes-kill-30-in-lebanon">warned Israel against escalating hostilities</a> with Hezbollah, emphasizing the potential risks of a full-scale land war. The U.S. has urged Israel to seek diplomatic solutions to ensure the safety of Israeli citizens.
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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>

Iran's President Says 'We Don't Want To Fight' But Israel 'Wants To Drag Everyone Into War And Destabilize The Region' — Willing To Put Our Weapons Aside If They Do The Same

In a recent interview, Ukrainian President Volodymyr Zelensky took a critical stance against Sen. JD Vance (R-Ohio.), the Republican vice presidential nominee, labeling him as &#8220;too radical&#8221;.
What Happened: Zelensky, in a <a href="https://www.newyorker.com/news/the-new-yorker-interview/volodymyr-zelensky-has-a-plan-for-ukraines-victory">conversation</a> with The New Yorker that was published on Sunday, voiced his concerns about Vance&#8217;s views on the ongoing Ukraine conflict. He was particularly troubled by Vance&#8217;s suggestion that Ukraine should make sacrifices to end the war.
President Zelensky strongly disagreed with this notion, stating, &#8220;The idea that the world should end this war at Ukraine's expense is unacceptable.&#8221; He also mentioned Vance&#8217;s past suggestions for Ukraine to surrender territory to Russia as a means to end the current war.
&#8220;I don't take Vance's words seriously, because, if this were a plan, then America is headed for global conflict. It will involve Israel, Lebanon, Iran, Taiwan, China, as well as many African countries.&#8221;
Zelensky, responding to Vance&#8217;s views, encouraged the senator to study the history of World War II, underlining the perils of appeasement. The Hill has contacted a representative for Vance for a response.
&#8220;Let Mr. Vance read up on the history of the Second World War, when a country was forced to give part of its territory to one particular person,&#8221; said Zelensky.
&#8220;What did that man do? Was he appeased or did he deal a devastating blow to the continent of Europe—to many nations, broadly, and to the Jewish nation in particular? Let him do some reading.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40950674/data-scientist-who-called-2020-election-correctly-says-its-gone-from-drastic-landslide-in-trumps-dir?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Data Scientist Who Called 2020 Election Correctly Says Its Gone From &#8216;Drastic Landslide In Trump&#8217;s Direction To A drastic landslide For Harris&#8217;</a>
Why It Matters: This criticism comes in the backdrop of a tense geopolitical situation. In July 2024, Zelensky had <a href="https://www.benzinga.com/news/24/07/39617560/zelenskyy-presses-trump-to-tell-how-to-finish-ukraine-russia-war">urged</a> former U.S. President Donald Trump to reveal his plan for a swift end to the ongoing Russia-Ukraine war, emphasizing that any plan must respect Ukraine's sovereignty.
During the same month, NATO had announced a series of measures, including a $40 billion annual financial pledge of military support to Ukraine, to <a href="https://www.benzinga.com/news/24/07/39590765/nato-to-trump-proof-ukraine-aid-after-bidens-weak-debate-performance-with-40b-annual-financial-pledg">safeguard</a> Ukraine's potential future NATO membership and counter the impact of a potential return of Trump.
In a presidential debate in September 2024, Vice President Kamala Harris <a href="https://www.benzinga.com/news/24/09/40811624/kamala-harris-slams-donald-trump-over-friendship-with-russian-president-a-dictator-who-would-eat-you">criticized</a> Trump for his stance on Ukraine and his "friendship" with Russia&#8217;s President Vladimir Putin.
Photo Courtesy: Shutterstock.com
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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>

JD Vance Is 'Too Radical' And Needs To 'Read Up On The History Of The Second World War,' Says Ukraine's President: Understand The 'Perils Of Appeasement'

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