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Harland &amp; Wolff, the historic UK shipbuilder known for constructing the Titanic, declared insolvency on Monday.
What Happened: The 163-year-old company announced it would likely enter administration in the coming days after failing to secure necessary funding. Administration allows UK companies to restructure instead of immediate liquidation.
Harland &amp; Wolff&#8217;s request for a £200 million ($264 million) facility from UK Export Finance was denied, leaving the company in a precarious financial state. Staff have been informed of job cuts in non-core operations and the holding company.
The company&#8217;s core operations, including its Belfast shipyard, will continue unaffected. The Belfast site, famous for building the Titanic, is currently involved in constructing three warships for the UK government.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40848692/warren-buffetts-top-executive-ajit-jain-sells-over-half-his-berkshire-hathaway-stake-for-139m-am?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Top Executive Ajit Jain Sells Over Half His Berkshire Hathaway Stake For $139M Amid Speculation On Stock Valuation And Kamala Harris&#8217;s Tax Policies</a>
Why It Matters: Interim executive director Russell Downs stated, &#8220;The group faces a very challenging time, given the overhang of significant historic losses and its failure to secure long-term financing.&#8221;
This is not the first time Harland &amp; Wolff has faced financial difficulties. In 2019, the British government appointed an administrator to restructure the firm, which was later acquired by UK energy company InfraStrata.
Despite these challenges, Harland &amp; Wolff remains focused on ship repairs and greener energy projects, including the Islandmagee Gas Storage Project in Northern Ireland.
A government spokesperson reiterated that administration proceedings would not impact the company&#8217;s ability to fulfill its contracts, including those for the UK&#8217;s Ministry of Defence, <a href="https://www.bbc.com/news/articles/crkddrv7v2po">according</a> to BBC.
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Photo: LUM3N from Pixabay
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>

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Titanic Shipbuilder Goes Insolvent After 163 Years, $264M Funding Request Denied By Authorities

ByeDance-owned TikTok, the widely-used social media platform for creating and sharing short-form videos, has encountered a doubtful panel of judges.
What Happened: TikTok and a group of creators are contesting a law, often referred to <a href="https://www.benzinga.com/news/24/04/38500093/tiktok-ban-courts-must-decide-whether-national-security-concerns-trump-freedom-of-expression">as &#8220;the TikTok ban,&#8221;</a> in front of a three-judge panel at&nbsp;the DC Circuit Court of&nbsp;Appeals. 
During oral arguments on Monday, the judges, Chief Judge Sri Srinivasan, Judge Neomi Rao, and Judge Douglas Ginsburg, seemed to scrutinize TikTok&#8217;s counsel more rigorously than the U.S. Department of Justice, <a href="https://www.theverge.com/2024/9/16/24246568/tiktok-v-garland-oral-arguments-dc-circuit">reported</a> The Verge.
The law mandates TikTok to separate from its Chinese parent company,&nbsp;ByteDance, by Jan. 19. TikTok contends that this ban would stifle&nbsp;its creators and limit the information accessible to Americans.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40847304/huawei-might-be-giving-apple-a-run-for-its-money-in-china-but-replacing-the-tri-folds-screen-could-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Huawei Might Be Giving Apple A Run For Its Money In China, But Replacing The Tri-fold&#8217;s Screen Could Cost You An iPhone Worth Of Cash</a>
DOJ upheld the law, asserting it as a necessary step against a company seen as a <a href="https://www.benzinga.com/news/24/05/38693602/tiktok-admits-xi-jinpings-ccp-wont-let-its-algorithm-be-sold-after-biden-gives-9-months-to-divest-or">national security threat</a> due to its alleged connections to a foreign government.
The judges questioned the feasibility of asking TikTok to implement lesser measures, like disclosing its data and content moderation practices.
As Rao and Srinivasan noted, this approach would rely on trusting a company the government suspects of being controlled by a foreign adversary, the report noted.
At the end of TikTok&#8217;s argument, Ginsburg disputed the social media giant&#8217;s counsel Andrew Pincus&#8217; claim that the law targets the company.
The judge explained that it applies to <a href="https://www.benzinga.com/news/24/04/38460718/elon-musk-weighs-in-after-x-user-says-banning-tiktok-sets-a-precedent-that-government-can-ban-any-ap">foreign-controlled firms</a> and highlighted one facing urgent action <a href="https://www.benzinga.com/government/23/03/31372916/team-biden-reportedly-warns-tiktok-ban-unless-chinese-owners-divest-stake-meta-snap-shares-shoot-up">after years of stalled negotiations</a>.
The judges also raised doubts about whether creators genuinely have a First Amendment stake in TikTok&#8217;s ownership.
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: Earlier in June, TikTok argued that the U.S. could have <a href="https://www.benzinga.com/general/social-media/24/06/39424409/tiktok-argues-us-could-have-considered-alternatives-to-banning-app">considered alternatives</a> to banning the app to address national security concerns.
TikTok&#8217;s lawyers stated that the company had negotiated a 90-page national security agreement with the US government offering &#8220;multi-layered safeguards and enforcement mechanisms,&#8221; which Congress disregarded when enacting the TikTok ban.
Last week, it was reported that TikTok is strengthening its relationship with&nbsp;Amazon.com Inc. sparking rumors of a <a href="https://www.benzinga.com/news/24/09/40866761/is-amazon-eyeing-tiktok-for-a-possible-acquisition">potential acquisition</a>.
TikTok&#8217;s parent company ByteDance previously said that it would not be seeking a buyer for the social media giant.
In a court filing, TikTok also said, &#8220;The Chinese government has made clear that it would not permit a divestment of the recommendation engine that is a key to the success of TikTok in the United States.&#8221;
Photo by XanderSt on Shutterstock
Check out more of&nbsp;Benzinga&#8217;s&nbsp;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.

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TikTok's Future Hangs In Balance As Judges Express Skepticism In US Court Battle

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ChatGPT-parent OpenAI has announced&nbsp;an independent board oversight committee focused on safety and security. It was established in response to <a href="https://www.benzinga.com/news/24/05/39045139/sam-altmans-openai-responds-to-security-concerns-with-new-governance-team">ongoing security process controversies</a>.
What Happened: In a blog post on Monday, OpenAI revealed that the Safety and Security Committee, which was formed in May, will now function as&nbsp;an independent board oversight committee.
The committee will be led by Zico Kolter, the&nbsp;director of the machine learning&nbsp;department at Carnegie Mellon University's&nbsp;School of Computer Science.
Other&nbsp;members include Adam D'Angelo, an&nbsp;OpenAI board member and co-founder&nbsp;of Quora, <a href="https://www.benzinga.com/general/24/06/39401970/cant-wait-for-openai-to-have-access-to-my-phone-says-musk-as-former-nsa-chief-joins-openai-board">former NSA chief</a>&nbsp;and board member Paul Nakasone,&nbsp;and Nicole Seligman, former executive&nbsp;vice president at Sony.
See Also:&nbsp;<a href="https://www.benzinga.com/24/09/40868730/openais-o1-model-nvidias-ai-demand-googles-missed-opportunity-and-more-this-week-in-ai?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s &#8216;O1&#8217; Model, Nvidia&#8217;s AI Demand, Google&#8217;s Missed Opportunity, And More: This Week In AI</a>
The committee&#8217;s mandate is to supervise &#8220;the&nbsp;safety and security processes guiding&nbsp;OpenAI's model deployment and development.&#8221;
It has completed a 90-day review of OpenAI's processes and safeguards, making recommendations to the board.
This includes establishing&nbsp;independent governance for safety and&nbsp;security, enhancing security measures, promoting transparency about OpenAI's work, collaborating with external organizations, and unifying the company's safety frameworks.
The committee will also oversee model launches, including&nbsp;the authority to delay a&nbsp;release until safety concerns are addressed.
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: OpenAI has faced&nbsp;controversy and <a href="https://www.benzinga.com/news/24/05/38834519/openai-chief-scientist-ilya-sutskever-steps-down-ceo-sam-altman-calls-him-a-guiding-light-of-ai-fiel">high-level employee departures</a>,&nbsp;with concerns&nbsp;that the company is growing&nbsp;too quickly to operate safely.
Currently, OpenAI is also pursuing a funding&nbsp;round that could value the <a href="https://www.benzinga.com/news/24/09/40825072/openais-valuation-could-skyrocket-to-150b-in-new-fundraising-positioning-it-among-the-worlds-most-va">company at over $150 billion</a>.&nbsp;Thrive Capital is leading the&nbsp;round with a <a href="https://www.benzinga.com/news/24/09/40864744/openais-150b-valuation-hinges-on-whether-sam-altman-led-ai-startup-can-remove-profit-cap-for-investo">planned investment of $1 billion</a>, with Tiger Global also expected to join. Microsoft, Nvidia, and Apple are reportedly in talks to invest.
The AI startup has also launched a new model, called &#8220;o1,&#8221; which is focused on&nbsp;<a href="https://www.benzinga.com/top-stories/24/09/40842891/openai-unveils-o1-model-a-step-closer-to-human-like-ai-but-not-without-flaws">reasoning and &#8220;solving hard problems.&#8221;</a>
Earlier this month, OpenAI acknowledged that o1 could potentially be <a href="https://www.benzinga.com/news/24/09/40870931/chatgpt-creator-openai-says-its-latest-models-pose-bioweapons-creation-risk-ai-giant-particularly-ca">misused for creating biological weapons</a>, rating it as having a "medium risk" for issues related to chemical, biological, radiological, and nuclear (CBRN) weapons.
Image 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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</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.

ChatGPT Parent OpenAI Establishes Oversight Committee For Safety Amid Recent Fears Of Biological Weapons Misuse Via o1 Model

Economist Peter Schiff has cautioned that the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40887448/long-dated-treasury-bond-etf-hits-14-month-highs-ahead-of-imminent-fed-rate-cut">upcoming rate cuts by the Federal Reserve</a> may not lower borrowing costs, according to a post on X on Monday.
What Happened: Schiff, known for his skepticism towards Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), stated that mortgage rates have likely already hit their lowest point and are expected to rise. 
He added that the Federal Reserve would likely return to quantitative easing (QE) to try and halt this increase.
Schiff warned that such actions would &#8220;crush the dollar and reignite #inflation.&#8221; 
Schiff wrote, &#8220;Rate hike, maybe 100 basis points. Plus, announce an expansion of QT,&#8221; in response to a user query on what he would do if he had control over the Federal Reserve&#8217;s decisions.
The Federal Open Market Committee is scheduled to meet on September 18. While a rate cut is anticipated, the exact size remains uncertain.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s unlikely that the upcoming rate cuts will actually lower interest rates for most borrowers. For example, mortgage rates have likely already bottomed and are headed higher. The <a href="https://twitter.com/hashtag/Fed?src=hash&amp;ref_src=twsrc%5Etfw">#Fed</a> will return to QE to try to stop the rise. This will crush the dollar and reignite <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a>.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1835798900508336227?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/earnings/24/09/40874119/s-p-500-nasdaq-futures-mixed-as-rate-cut-hopes-weigh-on-techs-fund-manager-sees-near-term-correctio?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P 500 Futures Sag In Fed Decision Week: What&#8217;s Going On</a>
Why It Matters: The Federal Reserve&#8217;s upcoming meeting has been a focal point for market participants, with significant debate surrounding the size of the anticipated rate cut. 
Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.), along with Sen.&nbsp;Sheldon Whitehouse&nbsp;(D-R.I.) and Sen.&nbsp;John Hickenlooper&nbsp;(D-CO), urged the Fed to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40883274/senator-warren-urges-fed-to-slash-rates-by-0-75-veteran-investor-warns-even-0-5-cut">slash rates by 75 basis points</a>, citing the current federal funds rate at a two-decade high of 5.3%.
Investors are also speculating on the size of the cut, with a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">slight lean towards a 50-basis-point reduction</a>, according to CME Group's FedWatch tool, which showed a 65% probability for this outcome as of Monday morning.
Adding to the complexity, former President Donald Trump has expressed that <a href="https://www.benzinga.com/general/politics/24/09/40861372/trump-says-no-federal-rates-cuts-before-2024-election-republican-congress-members-say-the-time-i">there should be no rate cuts</a> before the 2024 presidential election.
Moreover, some analysts argue that rate cuts may not automatically boost the stock market, as the Federal Reserve&#8217;s actions might be more <a href="https://www.benzinga.com/markets/equities/24/09/40861213/why-interest-rate-cuts-wont-automatically-boost-the-stock-market">reactive to weakening growth</a> rather than proactive measures to stimulate the economy.
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</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>

Federal Reserve

Markets

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Peter Schiff Says Unlikely That Fed Rate Cuts Will Lower Borrowing Costs, Predicts Rising Mortgage Rates And Dollar Collapse — Suggests 100 Basis Points Rate Hike As Cure

Senate Majority Leader, Chuck Schumer (D-N.Y.), warned of potential blame for a government shutdown in a recent social media post.
What Happened: On Monday, Schumer took to X to express his views on the ongoing negotiations for a stopgap funding deal. 
He cautioned that if a government shutdown occurs due to &#8220;Republican poison pills,&#8221; the American public would hold them accountable. His post read, &#8220;If a shutdown happens because of Republican poison pills, the American people are going to hold them responsible. We don't need to go down this road.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If a shutdown happens because of Republican poison pills, the American people are going to hold them responsible. We don't need to go down this road.
&mdash; Chuck Schumer (@SenSchumer) <a href="https://twitter.com/SenSchumer/status/1835818857379832272?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/40869772/scaramucci-says-trump-loomer-union-marks-dangerous-shift-towards-extreme-nativism?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Scaramucci Says Trump-Loomer Union Marks Dangerous Shift Towards Extreme Nativism</a>
This tweet comes amidst rising tensions in Congress as lawmakers scramble to reach an agreement on the funding deal by midnight of Sept. 30. The deadline for the deal is fast approaching, and failure to reach a consensus could result in a government shutdown, reported Reuters.
Why It Matters: The stopgap funding deal is crucial to prevent a government shutdown, which could have significant implications for the U.S. economy. Schumer&#8217;s post highlights the urgency of the situation and the potential political fallout if an agreement is not reached.
House Speaker Mike Johnson's (R-La.) efforts to pass a bill were reportedly derailed due to lack of support from his own party, amid Republican infighting. Rep. Cory Mills (R-Fla.) voiced opposition, saying it hurts the military and is tied to unrelated voter legislation. If no deal is reached, essential services could be disrupted, with a potential voter backlash ahead of the Nov. 5 elections.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Chuck Schumer Says If Government Shutdown Happens It Will Because Of 'Republican Poison Pills' — 'The American People Are Going To Hold Them Responsible'

In a live stream on Monday, former President Donald Trump commended&nbsp;Tesla and SpaceX CEO Elon Musk for his significant role in propelling <a href="https://www.benzinga.com/news/24/07/39612042/elon-musks-spacex-launches-67-missions-in-first-half-of-2024-trailing-own-targets">U.S. space development</a> to new heights.
What Happened: During the&nbsp;live stream&nbsp;on X, formerly Twitter, Trump lauded Musk for his substantial contributions to the U.S. space sector. 
He said, &#8220;We were getting lapped in&nbsp;space by China and by&nbsp;Russia and now we are&nbsp;the leader in space.&#8221;
The former President added, &#8220;Elon&nbsp;Musk was doing a fantastic&nbsp;job, he's my friend. He&nbsp;endorsed me for President so&nbsp;strongly, it was incredible. He&nbsp;is doing an amazing job.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40864500/elon-musk-has-secret-service-like-security-team-that-calls-him-voyager-growing-threats-after-tesla-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Has Secret Service-Like Security Team That Calls Him &#8216;Voyager:&#8217; Growing Threats After Tesla Austin Factory Scare Have Led To The Richest Man In The World Leading An Increasingly Isolated Lifestyle</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Join me live from Mar-A-Lago at 8:00PM Eastern, tonight on X Spaces. Set a reminder and be sure to tune in! <a href="https://t.co/MXTu3hxVFP">https://t.co/MXTu3hxVFP</a>
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1835754983259558260?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
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Trump&#8217;s participation in this X Spaces session comes a day after <a href="https://www.benzinga.com/24/09/40869836/donald-trump-safe-and-unharmed-after-shooting-incident-at-florida-golf-club">another assassination attempt</a> on him at his Florida golf club on Sunday afternoon. 
Why It Matters: Musk&#8217;s company SpaceX has become a dominant force in space, controlling nearly two-thirds of all active satellites orbiting Earth, thanks to the rapid growth of his Starlink satellite network.
In just three years, the number of Starlink satellites has <a href="https://www.benzinga.com/news/24/09/40869627/elon-musk-now-controls-two-thirds-of-the-planets-satellites-and-spacex-is-just-getting-started-with">increased more than sixfold</a>.
Previously, Federal Communications Commission chair Jessica Rosenworcel called for <a href="https://www.benzinga.com/news/24/09/40848351/a-week-after-elon-musks-spacex-launched-7-000th-starlink-satellite-fcc-chair-jessica-rosenworcel-cal">increased competition in the space</a> industry. This call came a week after SpaceX launched its 7,000th Starlink satellite.
Amazon is gearing up to launch over <a href="https://www.benzinga.com/news/24/09/40877089/jeff-bezos-and-elon-musk-set-to-battle-for-dominance-in-the-sky-amazon-gears-up-to-launch-over-3-000">3,000 low-Earth-orbit satellites</a>, setting the stage for a face-off with SpaceX in the U.K.'s airspace. This move places Amazon's executive chairman, Jeff Bezos, in direct competition with Musk.
Despite the competition, Musk continues to make strides in space exploration. On Monday, the Polaris Dawn crew landed safely back to Earth in a SpaceX Dragon spacecraft after conducting the <a href="https://www.benzinga.com/news/24/09/40874384/elon-musk-reminisces-first-failed-launch-of-falcon-1-from-18-yrs-ago-after-historic-polaris-dawn-mis">first-ever commercial spacewalk</a>.
Photo Courtesy: Shutterstock.com
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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.

SPACE

SpaceX CEO Elon Musk Is Doing An Amazing Job, Says Trump Because Before The US Was Getting Lapped In Space By China And Russia: 'Now We Are The Leader'

Ahead of the 2024 presidential election, former President Donald Trump has announced a <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40800775/donald-trumps-world-liberty-financial-plans-to-raise-540m-with-token-sale">new cryptocurrency venture</a>, World Liberty Financial, aiming to revolutionize the digital currency landscape. The announcement was made on the X Spaces (formerly known as Twitter Spaces) livestream on Monday.
What Happened: Trump introduced the venture alongside his sons Barron Trump, Eric Trump, and Donald Trump Jr. The launch occurred just a day after the former president emerged unharmed from a second assassination attempt, adding another layer of shock to the already turbulent presidential race.
World Liberty Financial aims to promote the mass adoption of stablecoins, a type of cryptocurrency designed to maintain a constant value. The platform will feature a new cryptocurrency called $WLFI, which will be sold to the public.
"Crypto is one of those things we have to do," said Trump. "Whether we like it or not, I have to do it."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Join me live from Mar-A-Lago at 8:00PM Eastern, tonight on X Spaces. Set a reminder and be sure to tune in! <a href="https://t.co/MXTu3hxVFP">https://t.co/MXTu3hxVFP</a>
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1835754983259558260?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
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Trump and his sons began promoting the venture on social media in August.
For years, Trump was a vocal critic of cryptocurrency, dismissing Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a &#8220;scam.&#8221; However, on the campaign trail, he has shifted his stance, becoming an outspoken advocate. He has spoken at a prominent industry conference and garnered donations from crypto executives.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40847331/gary-gensler-led-sec-directs-crypto-firm-to-halt-trading-for-all-coins-but-bitcoin-ethereu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Gary Gensler-Led SEC Directs Crypto Firm To Halt Trading For All Coins But Bitcoin, Ethereum, And Bitcoin Cash — What Does It Mean?</a>
Why It Matters: The launch of World Liberty Financial comes on the heels of several significant developments in the Trump family&#8217;s foray into cryptocurrency. 
In August, Trump announced a new crypto platform called &#8220;The DeFiant Ones&#8220;, aimed at challenging traditional banking systems. This marked a notable shift in his <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40515026/donald-trump-launches-crypto-platform-the-defiant-ones-to-challenge-traditional-banking-sy">stance on digital currencies</a>.
However, the venture has not been without controversy. Earlier in September, the Trump brothers&#8217; cryptocurrency startup faced backlash from Trump&#8217;s crypto allies, who labeled it a &#8220;huge mistake.&#8221; The project has reportedly <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40760191/trump-brothers-cryptocurrency-start-up-rattles-fathers-crypto-allies-this-is-a-huge-mistak">encountered several setbacks</a>, including hacking incidents and concerns over its ties to a blockchain company that lost $2 million due to security breaches.
Additionally, the project aims to <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40800775/donald-trumps-world-liberty-financial-plans-to-raise-540m-with-token-sale">raise $540 million through a token sale</a>. The sale will involve 30% of its $WLFI tokens, potentially generating significant funds. However, the allocation of 70% of tokens to insiders has sparked debate.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40864681/bitcoin-taps-60k-ethereum-dogecoin-end-the-week-on-a-high-next-few-weeks-could-be-last-cha?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Taps $60K, Ethereum, Dogecoin End The Week On A High: &#8216;Next Few Weeks Could Be Last Chance To Grab BTC At Cheap Prices&#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>

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

Cryptocurrency

Trump Introduces 'World Liberty Financial,' Aims To Encourage Stablecoin Adoption With Sons Leading The Charge: 'Crypto Is One Of Those Things We Have To Do'

On Monday, major U.S. indices showed mixed results. The Dow Jones Industrial Average closed 0.5% higher at 41,622.08, while the S&amp;P 500 edged up 0.1% to 5,633.09. Meanwhile, the Nasdaq fell by 0.5%, closing at 17,592.13.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)
Intel shares surged by 6.36% to close at $20.91, after reports that the company <a href="https://www.benzinga.com/news/24/09/40886674/intel-shares-jump-on-reports-of-possible-3-billion-military-chip-funding">could receive up to $3 billion in federal funding</a> to produce semiconductors for U.S. military applications. The potential grant is part of the CHIPS and Science Act&#8217;s Secure Enclave program, which aims to secure a domestic supply of advanced chips critical for defense and intelligence purposes.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)
Microsoft shares saw a slight increase of 0.17% to close at $431.34. The tech giant announced a <a href="https://www.benzinga.com/markets/equities/24/09/40890217/microsoft-announces-60b-share-buyback-program-10-dividend-increase-amid-rising-ai-investment-and">new share repurchase program</a> worth up to $60 billion and declared a quarterly dividend of $0.83 per share, marking a 10% increase from the previous quarter. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40874566/apple-shares-slide-in-monday-premarket-whats-souring-sentiment?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Shares Slide In Monday Premarket: What&#8217;s Souring Sentiment?</a>
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta Platforms shares rose by 1.75% to close at $533.28. The company has <a href="https://www.benzinga.com/24/09/40878709/how-metas-bold-move-to-train-ai-with-uk-social-media-data-defies-eu-laws-amid-struggling-stock-perfo">decided to use</a> U.K. Facebook and Instagram posts to train its AI systems, despite this practice being prohibited under EU privacy laws. 
Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>)
Pfizer shares increased by 2.73% to close at $30.07. Ron DeSantis-governed Florida is <a href="https://www.benzinga.com/general/biotech/24/09/40881276/desantis-administration-cautions-against-pfizer-moderna-mrna-covid-vaccines-for-vulnerable-indivi">raising concerns</a> about the safety of the mRNA vaccines, pointing to potential risks such as myocarditis and postural orthostatic tachycardia syndrome (POTS), rare heart conditions.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares dropped by 1.54% to close at $226.74. Electric vehicle (EV) registrations in July in the U.S. reportedly marked an 18% increase as compared to the same month last year <a href="https://www.benzinga.com/news/24/09/40873304/teslas-cybertruck-sales-in-july-nearly-matched-those-of-all-over-ev-trucks-combined-report">owing to the success</a> of the Tesla Cybertruck. 
Photo by Phongphan on 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>

Equities

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Intel, Microsoft, Meta Platforms, Pfizer, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Monday, Cathie Wood-led Ark Invest made significant trades, with Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) being the most prominent.
The HOOD Trade: Ark Invest&#8217;s Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) fund sold 18,961 shares of Robinhood in a trend that <a href="https://www.benzinga.com/markets/equities/24/09/40846595/cathie-woods-ark-invest-buys-6-9m-worth-of-shares-of-nvidia-rival-amd-sells-palantir-and-robinho">continues from the previous week</a>. This move follows Robinhood&#8217;s <a href="https://www.benzinga.com/news/24/09/40798894/robinhood-reaches-3-9m-settlement-with-california-over-blocking-cryptocurrency-withdrawals">recent agreement</a> to a $3.9 million settlement with California&#8217;s Department of Justice over its past ban on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) cryptocurrency withdrawals. 
Despite this, Robinhood has been transitioning from a meme stock trading platform to a more mature and competitive player against traditional brokerages. Based on Robinhood&#8217;s closing price of $22.21 on the same day, the value of the trade is approximately $421,123. 
The PLTR Trade: Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) fund sold 4,407 shares of Palantir. The firm had been offloading Palantir shares last week as well. 
This sale after Palantir&#8217;s stock soared by 14.08% following the announcement that the company <a href="https://www.benzinga.com/news/24/09/40797656/whats-going-on-with-palantir-stock">will join the S&amp;P 500 index</a>. Based on Palantir&#8217;s closing price of $36.31 on the same day, the value of the trade is approximately $160,018. 
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKG fund bought shares of Guardant Health Inc (GH). </li>
<li>Ark Invest&#8217;s ARKG fund sold shares of Veracyte Inc (VCYT). Ark Invest&#8217;s ARKK fund bought shares of Shopify Inc (SHOP). </li>
<li>Ark Invest&#8217;s ARKK fund sold shares of Roku Inc (ROKU). Ark Invest&#8217;s ARKQ fund sold shares of Materialise NV (MTLS).</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40890217/microsoft-announces-60b-share-buyback-program-10-dividend-increase-amid-rising-ai-investment-and">Microsoft Announces $60B Share Buyback Program, 10% Dividend Increase Amid Rising AI Investment And Restructuring</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>

ETFs

ARKF

ARKK

HOOD

PLTR

Cathie Wood's Monday Maneuvers: Ark Invest Continues To Offload Robinhood And Palantir Shares

Tesla and SpaceX CEO Elon Musk&nbsp;has been facing backlash for a contentious post on his social media platform, X, formerly Twitter, which <a href="https://www.benzinga.com/news/24/09/40870646/elon-musk-comments-on-why-they-want-to-kill-trump-desantis-promises-floridas-own-probe">he later removed</a>. The White House has criticized the post, terming it as &#8220;irresponsible.&#8221;
What Happened: Over the weekend, Musk stirred controversy by questioning why &#8220;no one is even trying&#8221; to assassinate President Joe Biden or Democratic presidential nominee Kamala Harris.
The post was made in the wake of the <a href="https://www.benzinga.com/24/09/40869836/donald-trump-safe-and-unharmed-after-shooting-incident-at-florida-golf-club">second assassination attempt</a> on former President Donald Trump.&nbsp;
Many people including White House spokesperson, Andrew Bates, condemned the post, stating that &#8220;violence&nbsp;should only be condemned, never encouraged or joked about. This rhetoric is irresponsible,&#8221; <a href="https://thehill.com/homenews/administration/4883077-white-house-elon-musks-kamala-harris/">reported</a> The Hill. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40846236/i-have-a-bad-feeling-about-this-elon-musk-is-alarmed-about-moscow-nato-conflict-risk-if-ukraine-allo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;I Have A Bad Feeling About This&#8217; — Elon Musk Is Alarmed About Moscow-NATO Conflict Risk If Ukraine Allowed To Strike Deep Into Russia</a>
Following the outrage, the Tesla CEO deleted the post and said that it was a joke. He stated, &#8220;Turns&nbsp;out that jokes are WAY&nbsp;less funny if people don't&nbsp;know the context and the&nbsp;delivery is plain text.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Turns out that jokes are WAY less funny if people don't know the context and the delivery is plain text
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1835574495467159607?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
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In another post he said, &#8220;Well, one lesson I've learned is that just because I say something to a group and they laugh doesn't mean it's going to be all that hilarious as a post on X.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Well, one lesson I've learned is that just because I say something to a group and they laugh doesn't mean it's going to be all that hilarious as a post on &#120143;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1835573866271330307?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: A man named Ryan Wesley Routh was charged with <a href="https://www.benzinga.com/general/politics/24/09/40882524/man-accused-in-trump-assassination-attempt-could-face-15-years-for-federal-gun-crimes-whats-next">two federal gun-related offenses</a> in connection with his attempted assassination of Trump.
Following the assassination attempt, <a href="https://www.benzinga.com/news/24/09/40870455/trump-vows-to-never-surrender-after-surviving-second-assassination-attempt">Trump confirmed his safety</a> and vowed to &#8220;never surrender.&#8221; The incident occurred near Trump's Florida property.
Both President Biden and Vice President Harris have expressed <a href="https://www.benzinga.com/news/24/09/40870341/kamala-harris-biden-express-relief-that-trump-is-unhurt-after-second-assassination-attempt-i-am-glad">relief over Trump&#8217;s safety</a> and condemned the act of political violence.
This was the second attempt on the former president&#8217;s life ahead of the 2024 election. The previous one took place on July 13, and the <a href="https://www.benzinga.com/news/24/07/39761846/trump-left-bloodied-after-shots-fired-at-pennsylvania-rally-evacuated-by-secret-service">former President was left bloodied</a> and had to be evacuated by the Secret Service.
Image via Shutterstock
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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.

Elon Musk Says His Now Deleted Controversial Post After Latest Trump Assassination, Which Was Labeled 'Irresponsible' By The White House,' Was A Joke: 'Way Less Funny If People Don't Know The Context'

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) announced a new share repurchase program worth up to $60 billion on Monday.
What Happened: The tech giant also declared a quarterly dividend of $0.83 per share, marking a 10% increase from the previous quarter. The company will hold its annual shareholders meeting on Dec. 10.
In July, Microsoft revealed plans to increase spending on artificial intelligence infrastructure this fiscal year. The company reported a 77.6% rise in capital expenditures for the quarter ending Jun. 30, <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">primarily due to AI-related costs</a>.
Despite a slowdown in growth for its Azure cloud <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">business in the last quarter</a>, Microsoft expects growth to accelerate in the second half of fiscal 2025. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40848692/warren-buffetts-top-executive-ajit-jain-sells-over-half-his-berkshire-hathaway-stake-for-139m-am?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Top Executive Ajit Jain Sells Over Half His Berkshire Hathaway Stake For $139M Amid Speculation On Stock Valuation And Kamala Harris&#8217;s Tax Policies</a>
Last month, Microsoft restructured its business unit reporting, moving some search and news advertising revenue under the Azure cloud-computing unit. 
This move follows Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&#8217;s record $110 billion share buyback <a href="https://www.benzinga.com/news/earnings/24/05/38599545/apple-q2-earnings-beats-muted-forecast-on-services-mac-strength-installed-base-at-fresh-record-cupe">program announced in May</a>.
Why It Matters: The announcement of the $60 billion share buyback program comes amid significant structural changes within Microsoft. 
Recently, the company cut <a href="https://www.benzinga.com/trading-ideas/24/09/40857729/microsofts-job-cuts-in-the-gaming-division-post-activision-blizzard-acquisition-signal-a-major-shak">about 650 jobs</a> in its gaming division following its $69 billion acquisition of Activision-Blizzard. This restructuring aims to streamline operations and enhance efficiency within the expanded gaming portfolio.
Additionally, Microsoft has been focusing on <a href="https://www.benzinga.com/news/24/09/40852195/microsoft-hires-former-ge-cfo-carolina-dybeck-happe-as-coo-to-boost-cloud-and-ai-focus">strengthening its cloud and AI capabilities</a>. The company recently appointed Carolina Dybeck Happe as its new EVP and COO to bolster its cloud services and AI initiatives. This move is part of Microsoft&#8217;s strategy to compete with Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) in the cloud services market.
Moreover, Microsoft&#8217;s investment in AI is underscored by its involvement with OpenAI, which is seeking <a href="https://www.benzinga.com/news/24/09/40864744/openais-150b-valuation-hinges-on-whether-sam-altman-led-ai-startup-can-remove-profit-cap-for-investo">a $150 billion valuation</a>. This partnership highlights Microsoft&#8217;s commitment to advancing artificial general intelligence and maintaining a competitive edge in the AI sector.
Price Action: Microsoft&#8217;s stock closed at $431.34 on Monday, up 0.17% for the day. In after-hours trading, the stock rose by an additional 0.73%. Year to date, Microsoft has seen a strong performance, with its stock up by 16.30%, 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>

Buybacks

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Microsoft Announces $60B Share Buyback Program, 10% Dividend Increase Amid Rising AI Investment And Restructuring

The upcoming 2024 presidential race between Donald Trump and Kamala Harris has economists leaning toward Harris&#8217;s economic strategies. A recent Wall Street Journal <a href="https://www.wsj.com/opinion/harris-is-the-safer-economic-choice-2024-presidential-election-ea06b8bf?mod=commentary_article_pos2#comments_sector">opinion piece</a> by Obama-era economist Jason Furman suggests that Harris&#8217;s economic proposals are seen as less risky for the economy compared to Trump&#8217;s. This is despite both candidates holding undergraduate degrees in economics.
What Happened: Trump&#8217;s proposed tariffs, including a 10% tariff on all U.S. imports and a 60% tariff on Chinese goods, are viewed as a significant economic threat by Furman.
These tariffs would cover $4 trillion of imports, a substantial increase from President Joe Biden&#8217;s tariffs which covered $18 billion. 
Conversely, Harris has shown a more restrained approach towards tariffs and has proposed expanding the Child Tax Credit and extending the expiring tax cuts for those earning below $400,000. 
Trump&#8217;s proposed budget measures could add more than $5 trillion to the deficit, while Harris&#8217;s proposals could lead to a $1.5 trillion deficit increase.
&#8220;Trump often listened to sensible advisers and walked away from some terrible economic policies as president,&#8221; wrote Furman. 
&#8220;Some of his defenders believe he will do so again—and I hope they're right. For my money, though, I recommend taking him at his word and voting accordingly.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40867103/nate-silver-if-trump-loses-he-will-have-let-election-slip-out-of-his-grasp-as-underlying-factors-fav?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nate Silver: If Trump Loses, He Will Have Let Election &#8216;Slip Out Of His Grasp&#8217; As Underlying Factors Favor Him Despite Harris&#8217; Poll Lead</a>
Why It Matters: Former President Trump earned a Bachelor of Science in economics from the Wharton School at the University of Pennsylvania, while Vice President Harris graduated from Howard University in Washington, D.C., with a degree in political science and economics.
Trump&#8217;s tariff proposals have been criticized by economists, including Furman in the past. He questioned the logic behind the tariffs, highlighting the potential economic repercussions and the <a href="https://www.benzinga.com/news/24/09/40824903/obama-era-economist-blasts-trump-tariffs-who-do-you-think-is-going-to-pay-for-all-the-foreign-tariff">cost of retaliatory measures</a> from other countries.
Harris&#8217;s economic focus on American families has been contrasted against Trump's alleged emphasis on corporate tax cuts in her <a href="https://www.benzinga.com/news/24/09/40687930/kamala-harriss-new-ad-campaign-focused-takes-a-dig-at-trumps-economic-policies">recent ad campaign</a>. Harris&#8217;s campaign spokesperson, Charles Kretchmer Lutvak, stated that the election boils down to which candidate is focused on the American people.
However, Harris&#8217;s proposals have also sparked debate. Former Trump administration economist Kevin Hassett expressed <a href="https://www.benzinga.com/personal-finance/24/08/40445072/former-trump-administration-economist-says-hes-horrified-by-kamala-harriss-chilling-economic-pro">strong opposition</a> to Harris&#8217;s proposals, calling them &#8220;chilling&#8221; and likening them to &#8220;communism plain and simple.&#8221; 
Image Courtesy: Shutterstock.com
Did You Know?
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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>

Both Trump And Harris Hold Undergraduate Degrees In Economics, Says Obama-Era Economist But There Is One Candidate He Favors Over The Other

In a recent prediction, conservative tech billionaire, Peter Thiel, anticipates a landslide victory in the 2024 presidential election, a stark deviation from recent close contests.
What Happened: The entrepreneur said, &#8220;My one contrarian view on the election is that it&#8217;s not going to be close. You know, most presidential elections aren&#8217;t.&#8221;
&#8220;2016 and 2020 were super close, but two-thirds of the elections aren&#8217;t.&#8221;
Thiel made this forecast during a live appearance at the All-In Summit earlier this month. He suggested that either the &#8220;Kamala bubble will burst&#8221; or &#8220;maybe the Trump voters get really demotivated and don&#8217;t show up,&#8221; <a href="https://www.businessinsider.com/peter-thiel-2024-election-cheating-trump-vance-harris2024-9">reported</a> Business Insider.
Thiel, who has previously backed political campaigns financially, including that of former President Donald Trump, has withdrawn from monetary involvement in politics for now. He asserted that political spending has minimal impact, particularly at the presidential level, and this would be even more evident in a landslide election.
Despite his decision to withhold political donations, Thiel expressed strong support for Trump and GOP vice-presidential nominee J.D. Vance. He also speculated that if the election was indeed close, Harris and Democrats would &#8220;cheat&#8221; through ballot harvesting and election-rule changes.
See Also: <a href="https://www.benzinga.com/news/24/09/40867103/nate-silver-if-trump-loses-he-will-have-let-election-slip-out-of-his-grasp-as-underlying-factors-fav?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nate Silver: If Trump Loses, He Will Have Let Election &#8216;Slip Out Of His Grasp&#8217; As Underlying Factors Favor Him Despite Harris&#8217; Poll Lead</a>
Why It Matters: Thiel, co-founder of PayPal and Palantir Technologies, has been a prominent figure in the tech industry and politics. He was the <a href="https://www.benzinga.com/general/education/24/09/40756735/peter-thiel-supports-trump-backed-ethereums-buterin-5-facts-you-might-not-know-about-paypal-pal">first outside investor</a> in the Mark Zuckerberg-led Meta Platforms investing $500,000 in the company in 2004 when it was valued at $4.9 million.
In June 2024, Thiel and his Palantir co-founder Joe Lonsdale <a href="https://www.benzinga.com/general/politics/24/06/39557155/palantir-co-founders-thiel-lonsdale-back-trump-in-2024-election-id-rather-have-him-than-biden">pledged their support</a> for Trump in the upcoming election. However, Thiel&#8217;s relationship with Trump <a href="https://www.benzinga.com/news/24/07/40001721/thiel-reportedly-reassessing-trump-in-wake-of-vance-pick-in-spite-of-many-misgivings-he-had-earlier">cooled off</a> when he invested $35 million in 2022 to support Vance in Ohio. Thiel did not contribute to Trump&#8217;s 2020 re-election campaign.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Palantir Co-Founder Peter Thiel Didn't Write A Check To Trump And Doesn't Think 2024 Will Be Close: 'Kamala Bubble Will Burst' Or Maybe Ex-President's Voters 'Get Demotivated'

Donald Trump Jr. has claimed that a Democrat donor attempted to <a href="https://www.benzinga.com/24/09/40869836/donald-trump-safe-and-unharmed-after-shooting-incident-at-florida-golf-club">assassinate his father</a>, former President Donald Trump.
What Happened: On Thursday, Donald Trump Jr. took to X to allege that his father&#8217;s would-be assassin Ryan Wesley Routh was a Democrat donor, who also supports Vice President Kamala Harris. 
He wrote, &#8220;Where&#8217;s the lie? A Democrat donor with a Kamala Harris bumper sticker on his car tried to assassinate my dad yesterday.&#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">Where&#39;s the lie? A Democrat donor with a Kamala Harris bumper sticker on his car tried to assassinate my dad yesterday. <a href="https://t.co/uCEDcs9bre">https://t.co/uCEDcs9bre</a>
&mdash; Donald Trump Jr. (@DonaldJTrumpJr) <a href="https://twitter.com/DonaldJTrumpJr/status/1835821834157142341?ref_src=twsrc%5Etfw">September 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trump Jr. shared a video featuring his father&#8217;s running mate Sen. J.D. Vance (R-Ohio). The vice presidential candidate drew the distinction between conservatives and liberals in his address. He said, &#8220;The big difference between conservatives and liberals is that no one has tried to kill Kamala Harris in the last couple of months.&#8221; Vance pointed out that two people had tried to kill Trump on the other hand.
He said it was strong evidence that the left &#8220;needs to tone down the rhetoric.&#8221; He warned that &#8220;somebody is going to get hurt by it.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State</a>
Why It Matters: According to a Benzinga report, An armed man was seen near the Trump International Golf Course West Palm Beach on Sunday afternoon, leading to a shooting incident. The suspect managed to escape the scene, and authorities later found the assault rifle at the location.
The suspect, later identified as Routh, a small construction company owner, was later <a href="https://www.benzinga.com/news/24/09/40872269/fbi-investigating-trumps-second-assassination-attempt-authorities-detain-pro-ukraine-construction-co">taken into custody</a> in connection with the alleged assassination attempt. Routh, known for his regular criticism of Trump on social media, has had previous run-ins with the law.
Routh has been charged with two <a href="https://www.benzinga.com/general/politics/24/09/40882524/man-accused-in-trump-assassination-attempt-could-face-15-years-for-federal-gun-crimes-whats-next">federal gun-related offenses</a> in connection with his attempted assassination of Trump. This incident marks the second attempt on the former president&#8217;s life ahead of the 2024 election.
The incident has also impacted the stock performance of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) — a company linked with the former president — which saw a <a href="https://www.benzinga.com/general/social-media/24/09/40886142/trump-media-technology-spirals-after-golf-course-assassination-attempt">significant plunge</a> following the assassination attempt.
Price Action: At the time of writing, Trump Media &amp; Technology shares traded 0.75% lower at $17.15 in the after-hours session after closing 3.8% lower for the day at $17.28, according to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro data.</a>
Image 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>

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