Latest news for Koatsu Gas Kogyo (OTC:KTSUF) Stock

Koatsu Gas Kogyo Co Ltd is engaged in the production and distribution of industrial gases and chemical products. It has three operating business divisions: Gas, Chemical Products and Information Systems. The company supplies various types of gases to a broad range of industrial sectors, from living-related industries to the medical industry. Its chemical products offering includes adhesives, a synthetic resin emulsion, cyanon, special resin and a nonwoven shock-absorbing material. The company offers information systems, such as LSI cards and reader-writers for various industrial fields, such as construction, civil engineering, transportation, and production equipment; and GNSS receiver modules.

KOATSU GAS KOGYO CO LTD by KOATSU GAS KOGYO CO LTD.

Koatsu Gas Kogyo Co Ltd

The Federal Bureau of Investigation has <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40799485/cryptocurrency-scams-cost-americans-5-6b-in-2023-fbi-report-shows">charged 18 individuals and companies with fraud and manipulation</a> following a sting operation involving a fake cryptocurrency token. The operation, dubbed &#8220;Operation Token Mirrors,&#8221; led to the arrest of three individuals in Texas, the UK, and Portugal.
What Happened: The U.S. Department of Justice has announced that five defendants have either pleaded or agreed to plead guilty. The operation seized over $25 million in cryptocurrency assets, <a href="https://www.ft.com/content/fca21775-f94d-4af4-b778-c1b72cc119f4">reported</a> the Financial Times on Wednesday. 
The U.S. Securities and Exchange Commission (SEC) stated that the scheme involved &#8220;on-demand market manipulation&#8221; on trading platforms, creating massive artificial trading volumes.
The SEC highlighted that ZM Quant, a supposed market maker, was enlisted to support trading in NexFundAI, a token designed to invest in AI projects. ZM Quant&#8217;s employees allegedly advised on inflating the token&#8217;s price for profit. Unbeknownst to them, NexFundAI was an FBI tool to dismantle the pump-and-dump operation.
Jodi Cohen, an FBI special agent, stated, &#8220;The FBI took the unprecedented step of creating its very own cryptocurrency token and company to identify, disrupt and bring these alleged fraudsters to justice.&#8221; Charges include market manipulation and conspiracy to commit money laundering, with potential sentences of up to 20 years.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41204472/if-you-invested-1000-in-bitcoin-when-rap-legend-nas-sang-that-he-was-coin-based-basically-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1000 in Bitcoin When Rap Legend Nas Sang That He Was &#8216;Coin-Based, Basically Crypto-Currency Scarface,&#8217; Here&#8217;s How Much You&#8217;d Have Today</a>
Why It Matters: The FBI&#8217;s operation comes amid a backdrop of increasing cryptocurrency fraud. In 2023, Americans lost a staggering $5.6 billion to cryptocurrency-related scams, according to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40799485/cryptocurrency-scams-cost-americans-5-6b-in-2023-fbi-report-shows">FBI's 2023 Cryptocurrency Fraud Report</a>. This marks a 45% increase from the previous year, underscoring the growing sophistication of cybercriminals in the digital asset space.
Additionally, the FBI has been vigilant in issuing warnings against various crypto scams, including <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40132699/fbi-issues-alert-on-crypto-exchange-impersonation-scams">crypto exchange impersonation scams</a> and <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38461470/fbi-issues-warning-against-unregistered-crypto-services-amid-privacy-concerns">unregistered crypto services</a>. 
Meanwhile, the king crypto Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is currently trading at $63,126.50, up 0.45% for the day. Year to date, Bitcoin has surged 42.81%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41231841/nate-silver-donald-trumps-election-odds-pump-could-be-noise-but-republicans-project-confid?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nate Silver: Donald Trump&#8217;s Election Odds Pump Could Be Noise, But Republicans &#8216;Project Confidence&#8217; In Trump Era, Democrats &#8216;Project Anxiety&#8217;</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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FBI Busts $25M Crypto Fraud Ring: 18 Charged In 'Operation Token Mirrors' Involving Fake Token NexFundAI

AmerX Taps Broadridge Technology To Drive Securities Lending Expansion

Zoom Video Communications Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is gearing up to launch <a href="https://www.benzinga.com/news/24/03/37928340/googles-vlogger-ai-can-create-realistic-video-avatars-from-a-single-image-heres-what-you-need-to-kno">AI avatars</a> that can communicate on behalf of users by posing as them.
What Happened: Zoom is developing a feature that will allow users to create AI avatars of themselves&nbsp;to send brief messages to&nbsp;their teams.
To generate a digital avatar, users will need to record a video of themselves, which Zoom&#8217;s AI will analyze to create an avatar that mirrors their appearance and voice.
Following these steps, users can type the message they&#8217;d like their AI avatar to deliver, and it will handle the speaking on the person&#8217;s behalf.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41199834/unreleased-m4-macbook-pro-shown-off-by-russian-youtuber-weve-seen-prototypes-leak-early-but-never-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Unreleased M4 MacBook Pro Shown Off By Russian YouTuber: &#8216;We&#8217;ve Seen Prototypes Leak Early But Never A Full Retail Apple Device Weeks In Advance,&#8217; Says Expert</a>
This feature will be integrated with Zoom&#8217;s Clips feature, enabling users to record short video updates for their colleagues.
&#8220;The custom AI Companion add-on will be $12 per user per month and is planned to be available for purchase in the first half of 2025, with select capabilities available in preview in the coming months,&#8221; the company stated.
However, paid Zoom subscribers without the add-on can still&nbsp;create clips using preset AI&nbsp;avatars and voices.
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: While Zoom is addressing <a href="https://www.benzinga.com/news/24/01/36813251/taylor-swift-joe-biden-and-more-embroiled-in-deepfake-attacks-threatening-us-election-integrity-we-a">potential deepfake issues</a> by implementing advanced authentication,&nbsp;watermarking technology, and strict usage&nbsp;policies, the introduction of AI avatars could come with potential risks.
Several companies have created AI technology to digitally &#8220;clone&#8221; a person&#8217;s face and match it with fairly natural-sounding synthetic speech.
Generative AI startup Tavus, for example, enables brands to craft virtual personas for personalized video advertisements, <a href="https://techcrunch.com/2024/10/09/zooms-custom-ai-avatar-tool-may-come-with-risks/">reported</a> TechCrunch.
Last year, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) also introduced a service that generates realistic digital replicas of individuals. However, many of these tools come with strict safeguards to prevent misuse.
Tavus requires verbal consent from individuals, and Microsoft insists that customers obtain written permission and consent from anyone whose likeness is being used for avatars, the report noted.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo: courtesy of Zoom
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41239978/s-p-500-earnings-season-kicks-off-why-analysts-call-this-quarter-a-stock-pickers-pa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">S&amp;P 500 Earnings Season Kicks Off: Why Analysts Call This Quarter &#8216;A Stock Picker&#8217;s Paradise&#8217;</a></li>
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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.

Tech

MSFT

Zoom Custom AI Avatars Can Now Deliver Messages To Your Team As You — Skipping Boring Remote Meetings Finally A Reality?

A leading Wall Street analyst has unveiled a comprehensive analysis of Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) potential in the robotaxi market, presenting five distinct scenarios that could shape <a href="https://www.benzinga.com/general/24/10/41257117/teslas-robotaxi-event-could-investor-hopes-be-premature-analyst-predicts-mass-production-not-until-2">the electric vehicle maker&#8217;s future valuation</a>.
What Happened: Pierre Ferragu, lead analyst at New Street Research, released a presentation Wednesday. The report employs a decision-tree approach to map out possible outcomes for Tesla&#8217;s autonomous driving ambitions.
At the heart of Ferragu&#8217;s analysis is whether Tesla can achieve unsupervised full self-driving capability. This technological milestone serves as the primary branching point for the scenarios, each with dramatically different implications for Tesla&#8217;s market position and valuation by 2030.
The scenarios range from a baseline valuation of $1.4 trillion, assuming Tesla fails to launch a robotaxi service, to an optimistic projection of $4.7 trillion if the company dominates the robotaxi market with limited competition.
Tesla has current a market cap of $770.06 <a href="https://companiesmarketcap.com/tesla/marketcap/#:~:text=Market%20cap:%20$781.15%20Billion,much%20a%20company%20is%20worth.">billion</a>, according to CompaniesMarketCap.
Key decision points in Ferragu&#8217;s analysis include:
<ol>
<li>Does Tesla achieve unsupervised FSD?</li>
<li>Can unsupervised FSD operate a robotaxi?</li>
<li>Can Tesla&#8217;s robotaxi service scale out?</li>
<li>Can competitors reach scale?</li>
</ol>
The most conservative scenario envisions Tesla unable to launch a robotaxi service, with FSD improvements providing a modest 2 percentage point boost to margins. In contrast, the most bullish scenario predicts Tesla capturing over 80% of the robotaxi market without partnering with established ride-hailing companies.
Ferragu&#8217;s middle scenarios explore outcomes where Tesla partners with Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to penetrate the human-driven fleet gradually, or where multiple robotaxi fleets compete, with Tesla securing a 50% market share.
The analysis highlights the critical importance of Tesla&#8217;s ability to scale its FSD technology into a &#8220;pure-play&#8221; nationwide robotaxi network. Success in this arena could potentially transform Tesla from primarily an automaker to a dominant force in autonomous transportation services.
Notably, even in scenarios where Tesla fails to achieve full robotaxi deployment, Ferragu projects significant growth. The baseline scenario still anticipates Tesla&#8217;s annual vehicle production increasing from 2 million units in 2023 to 7 million by 2030, with a corresponding rise in other revenue streams such as energy storage.
While the report presents a range of outcomes, it underscores the transformative potential of successful robotaxi deployment for Tesla&#8217;s business model and valuation. However, the analysis also acknowledges the technological and regulatory hurdles that must be overcome to realize the more optimistic scenarios.
Ferragu shared the same report on X, captioning it as &#8220;Framing the robotaxi opportunity.&#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"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> &#8211; FRAMING THE ROBOTAXI OPPORTUNITY Links below to download our research and to the Space we organize today today at 2:00 PM ET / 11:00 AM PT with Farzy &amp; Hans &#x1f447; <a href="https://t.co/eiKWp9No3f">pic.twitter.com/eiKWp9No3f</a>
&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1844007155218919823?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tesla is gearing up for its highly anticipated robotaxi event, <a href="https://www.benzinga.com/markets/equities/24/10/41244101/teslas-party-could-be-crashed-by-baidu-as-chinese-rival-considers-global-robotaxi-expansion">scheduled for Thursday</a>.
See Also: <a href="https://www.benzinga.com/news/24/10/41245477/trumps-teen-granddaughter-poses-with-cybertruck-for-homecoming-weekend-as-tesla-ceo-elon-musk-and-fo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Teen Granddaughter Poses With Cybertruck For Homecoming Weekend As Tesla CEO Elon Musk And Former President&#8217;s Ties Deepen</a>
Why It Matters: Tesla&#8217;s robotaxi ambitions have been a topic of considerable interest, particularly as the company prepares for its highly anticipated Robotaxi event. According to a recent analysis, <a href="https://www.benzinga.com/general/24/10/41257117/teslas-robotaxi-event-could-investor-hopes-be-premature-analyst-predicts-mass-production-not-until-2">some experts caution that mass production</a> of Tesla&#8217;s robotaxis may not occur until 2027, despite investor optimism.
Meanwhile, Ark Invest analyst Tasha Keeney suggests that Tesla&#8217;s robotaxi platform could account for a significant portion of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41247281/teslas-robotaxi-platform-could-account-for-90-of-ev-giants-enterprise-value-over-th">company&#8217;s enterprise value in the coming years</a>. Keeney anticipates that Tesla&#8217;s autonomous ride-hailing platform could launch within the next year or two, following advancements in FSD technology.
Additionally, Tesla faces potential competition from Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), which is <a href="https://www.benzinga.com/markets/equities/24/10/41244101/teslas-party-could-be-crashed-by-baidu-as-chinese-rival-considers-global-robotaxi-expansion">reportedly considering expanding</a> its Apollo Go robotaxi service internationally. 
Elon Musk, CEO of Tesla, has previously stated that the company&#8217;s robotaxis <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-">could offer point-to-point transportation</a> at a cost comparable to bus tickets, potentially revolutionizing public transport once fully operational.
In August, The Future Fund Managing Partner Gary Black voiced skepticism about <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40333845/gary-black-highlights-skepticism-over-teslas-autonomy-ambitions-amid-competition-fr">Tesla maintaining a monopoly</a> in the unsupervised L4/L5 autonomy market. He pointed out that other companies, such as Baidu Inc., Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Waymo have already received approval to deploy their autonomous vehicles.
Price Action: Tesla Inc. stock closed at $241.05 on Wednesday, down 1.41% for the day. In after-hours trading, the stock saw a slight uptick, rising 0.21%. Year to date, Tesla&#8217;s stock has declined by 2.97%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/news/24/10/41201568/mark-zuckerberg-redesigns-porsche-cayenne-turbo-gt-into-a-minivan-for-wife-priscilla-chan-gets-a-911?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Redesigns Porsche Cayenne Turbo GT Into A Minivan For Wife Priscilla Chan, Gets A 911 GT3 For Himself</a>
Tesla Robotaxi &#x7C; Photo Courtesy: Tesla
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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UBER

Tesla's Future Valuation: Analyst Pierre Ferragu Unveils Scenarios Ranging From $1.4 To $4.7 Trillion Based On FSD, Robotaxi Success

The Chinese market, which reopened on Tuesday after a weeklong public holiday, was pressured on Wednesday as domestic traders did not get the additional stimulus they had factored in. Come Thursday, things took a turn for the better as the People&#8217;s Bank of China announced measures to boost the stability of the domestic equity market.
What Happened: In a statement released on its website, the PBoC said it has decided to establish the &#8220;Securities, Funds and Insurance Companies Swap Facility,&#8221; or SFISF, to support qualified securities, funds and insurance companies to exchange bonds, stock exchange-traded funds and CSI 300 constituent stocks and other assets for high-grade liquid assets such as Treasury bonds and central bank bills from the central bank. 
The scale of operation during the first phase is 500 billion yuan ($70.7 billion) and this could be expanded further depending on the situation, the central bank said. Applications from qualified securities, funds and insurance companies will be accepted with immediate effect, it said.
The central bank clarified that the new measure is in order to implement the requirements of the Third Plenary Session of the 20th CPC Central Committee regarding &#8220;establishing a long-term mechanism to enhance the inherent stability of the capital market&#8221; and promote the healthy and stable development of the capital market.&#8221;
See Also: <a href="https://www.benzinga.com/money/best-chinese-stocks">Best Chinese Stocks</a>
Thursday&#8217;s announcement comes on top of the liquidity-boosting measures the central bank announced in late September regarding cutting the reserve requirement ratio, which is the amount of cash banks must hold as reserves, by 50 basis points freeing up about 1 trillion yuan for new lending.
The central bank hinted at the possibility of reducing it by a further 0.25-0.50% points. It also said it would lower the seven-day repo rate by 0.2 points, the interest rate on a medium-term lending facility by about 30 basis points and loan prime rates by 20-25 basis points.
Market Reacts: The Shanghai Composite Index &#8211; the key market gauge of mainland China, rallied strongly following the fresh stimulus. After opening at 3,277.69, modestly higher than the previous close of 3,258.86, the index gave back its gains in early trading and moved below the unchanged line.
Following PBoC&#8217;s announcement, the index recovered. At last check, it traded 2.92% higher at 3,353.91.
Hong Kong&#8217;s Hang Seng Index also rallied over 4%.
US-listed Stocks Rip Higher: U.S.-listed Chinese stocks listed in Hong Kong reflected the buoyancy and were sharply higher by mid-day on Thursday. Among the gainers are:
<ul>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) gained 4.28%.</li>
<li>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) jumped 9.50%.</li>
<li>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose 5.96%.</li>
<li>Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) added 6%.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) climbed 5.63%.</li>
<li>Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) moved up 1.98%.</li>
<li>Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) moved up 2.47%.</li>
</ul>
The iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) ended Wednesday&#8217;s session down 2.36% at $51.97, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">China Was Tipping Into A Japan-Style &#8216;Lost Decade&#8217; Of Deflation And Stagnation Before Late-September Stimulus Announcements, Says Legal Expert</a></li>
</ul>
Image via Shutterstock

Asia

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MCHI

TCEHY

XPEV

Alibaba, JD.com, XPeng Soar In Hong Kong As PBOC's Fresh Stimulus To Boost Stock Market Sends Chinese Main Stock Market Gauge Up By 3%

Earlier this year, tech giants Alphabet Inc.&#8217;s Google and Apple Inc. joined forces to simplify the process of moving photos and videos between their platforms by launching a tool.
What Happened: The new tool allows users to transfer media directly from Google Photos to iCloud Photos without the hassle of manual downloads and uploads.
This collaboration addresses a common pain point for users switching between ecosystems or looking to consolidate their digital memories.
The transfer process, which can be initiated through Google Takeout, promises to save both time and data for users with extensive media libraries.
While the service is available to most Apple users globally, there are some limitations. Child accounts, Managed Apple IDs, and users with Advanced Data Protection enabled are currently not eligible for the transfer service.
See Also: <a href="https://www.benzinga.com/news/24/09/41108345/apples-satellite-messaging-feature-emerges-as-lifeline-after-hurricane-helene-leaves-thousands-witho">Apple&#8217;s Satellite Messaging Feature Emerges As Lifeline After Hurricane Helene Leaves Thousands Without Cell Phone Service: Here&#8217;s How You Can Use It</a>
<h3 class="wp-block-heading">How To Transfer Google Photos To iCloud</h3>
Step I: Visit Google Takeout.
Step II: Select &#8220;Apple &#8211; iCloud Photos&#8221; as the destination.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07044955/Screenshot-2024-10-07-at-2.19.30%E2%80%AFPM-1024x969.png" alt="" class="wp-image-582897" style="width:519px;height:auto" /></figure>
Step III: Sign in with your Apple ID and grant the necessary permissions.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07045006/Screenshot-2024-10-07-at-2.19.59%E2%80%AFPM-1024x810.png" alt="" class="wp-image-582898" style="width:519px;height:auto" /></figure>
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's Important: This move by Google and Apple not only benefits consumers but also signals a potential shift towards greater interoperability between major tech platforms.
As users become increasingly reliant on cloud storage for their digital lives, such collaborations could become more common in the future.
For those considering a switch from Android to iOS or looking to consolidate their photo libraries, this new tool offers a seamless solution.
However, users should ensure they have sufficient iCloud storage before initiating the transfer to avoid any hiccups in the process.
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.
Photo courtesy: Google

How To Switch From Google Photos To Apple's iCloud

Did you know you can lock or hide individual apps on your iPhone for even more privacy?
Whether you&#8217;re handing your phone to someone or just want to keep certain apps off-limits, here's how you can lock or hide apps with Face ID, Touch ID, or your passcode—no stress, just simple steps.
<h3 class="wp-block-heading">How to Lock An App</h3>
Step I: Go to your Home Screen.
Step II: Find the app you want to lock.
Step III: Press and hold the app icon until a menu pops up.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="472" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043509/IMG_4355-472x1024.png" alt="" class="wp-image-587114" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043509/IMG_4355-472x1024.png 472w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043509/IMG_4355-138x300.png 138w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043509/IMG_4355.png 498w" sizes="(max-width: 472px) 100vw, 472px" /></figure>
Step IV: Tap Require Face ID (or Touch ID or Passcode), and then repeat the same.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="472" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043646/IMG_4356-472x1024.png" alt="" class="wp-image-587115" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043646/IMG_4356-472x1024.png 472w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043646/IMG_4356-138x300.png 138w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043646/IMG_4356.png 498w" sizes="(max-width: 472px) 100vw, 472px" /></figure>
Step V: Authenticate with Face ID, Touch ID, or your passcode.
Now, your app is locked and won't show up in notifications, search results, or Siri suggestions.
Heads up: You can&#8217;t lock system apps like Calculator, Camera, and Maps.
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.
<h3 class="wp-block-heading">How To Unlock A Locked App</h3>
Step I: Tap the app from the Home Screen.
Step II: Authenticate using Face ID, Touch ID, or your passcode.
<h3 class="wp-block-heading">How To Remove The Lock</h3>
Step I: Press and hold the app icon.
Step II: Tap Don't Require Face ID (or Touch ID or Passcode), then authenticate.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="472" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043812/IMG_4357-472x1024.png" alt="" class="wp-image-587117" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043812/IMG_4357-472x1024.png 472w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043812/IMG_4357-138x300.png 138w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043812/IMG_4357.png 498w" sizes="(max-width: 472px) 100vw, 472px" /></figure>
Want to take it further? You can hide apps so they disappear from your Home Screen but still live in your App Library.
See Also: <a href="https://www.benzinga.com/news/24/09/41108345/apples-satellite-messaging-feature-emerges-as-lifeline-after-hurricane-helene-leaves-thousands-witho">Apple&#8217;s Satellite Messaging Feature Emerges As Lifeline After Hurricane Helene Leaves Thousands Without Cell Phone Service</a>
<h3 class="wp-block-heading">How To Hide An App</h3>
Step I: Go to your Home Screen.
Step II: Press and hold the app icon until the menu appears.
Step III: Tap Require Face ID (or Touch ID or Passcode).
Step IV: Tap Hide and Require Face ID, then authenticate.
Step V: The app moves to the Hidden folder in your App Library.
<h3 class="wp-block-heading">How To Access A Hidden App</h3>
Step I: Swipe left through your Home Screen to reach the App Library.
Step II: Scroll to the bottom and tap the Hidden folder.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="472" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043836/IMG_4358-472x1024.png" alt="" class="wp-image-587119" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043836/IMG_4358-472x1024.png 472w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043836/IMG_4358-138x300.png 138w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09043836/IMG_4358.png 498w" sizes="(max-width: 472px) 100vw, 472px" /></figure>
Step III: Authenticate, then tap the app to open it.
<h3 class="wp-block-heading">How To Bring The App Back On Home Screen</h3>
Step I: Open the Hidden folder in your App Library.
Step II: Press and hold the app, select Don't Require Face ID, and authenticate.
Note: Apps that come pre-installed with iOS 18 or later cannot be hidden—only apps you download from the App Store can be concealed.
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.
Photo courtesy: Bagus Hernawan on Unsplash

How To Lock Or Hide Apps On Your iPhone For Extra Privacy

LTRX

Reported Earlier, Lantronix Debuts Five New System-in-Package Solutions, Powered by Qualcomm,

After <a href="https://www.benzinga.com/news/24/10/41233245/ai-godfather-geoffrey-hinton-wins-nobel-prize-for-artificial-intelligence-work-work-has-already-been">winning the 2024 Nobel Prize</a> in Physics for his work in artificial intelligence, Geoffrey Hinton,&nbsp;known as the &#8220;Godfather of AI,&#8221; took a jab at OpenAI CEO&nbsp;Sam Altman.
What Happened: During a conversation with&nbsp;University of Toronto&nbsp;president Meric Gertler, which was posted on YouTube on Wednesday, Hinton expressed pride in his students&#8217; achievements, particularly highlighting the incident involving Altman.
The Nobel winner, who is a University Professor Emeritus&nbsp;of computer science at the University of Toronto, said, &#8220;I&#8217;d also like to acknowledge my students … they&#8217;ve gone on to do great things. I&#8217;m particularly proud of the fact that one of my students fired Sam Altman.&#8221;
He was referring to Ilya Sutskever, who studied machine learning at the University of Toronto, where Hinton has been a longtime professor.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41242624/elon-musk-vows-to-defend-freedom-of-speech-but-within-the-boundaries-of-the-law-as-x-gets-brazil-gre?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Vows To Defend Freedom Of Speech, But &#8216;Within The Boundaries Of The Law&#8217; As X Gets Brazil Greenlight To Resume Operations</a>
When asked to elaborate on his comment, Hinton said that explained that OpenAI was established with a strong&nbsp;emphasis on safety. Its primary&nbsp;objective was to develop artificial&nbsp;general intelligence and ensure its safety.
&#8220;One of my former students, Ilya Sutskever was the chief scientist and over time it turned out that Sam Altman was much less concerned with safety than with profits and I think that&#8217;s unfortunate,&#8221; he stated.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="University of Toronto Press Conference - Professor Geoffrey Hinton, Nobel Prize in Physics 2024" width="500" height="281" src="https://www.youtube.com/embed/H7DgMFqrON0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
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Why It Matters: Last year in November, Altman stepped down from his <a href="https://www.benzinga.com/news/23/11/35856766/sam-altman-departs-openai-over-board-communication-issues-new-ceo-to-assume-leadership">role as CEO due to concerns</a> about his transparency in communications with the board, leading to a loss of confidence in his leadership.
Later, when OpenAI's staff and top executives revolted against the decision, <a href="https://www.benzinga.com/news/23/11/35872963/deeply-regret-my-participation-openais-chief-scientist-who-voted-to-oust-altman-vows-to-reunite-the">Sutskever conceded</a>, expressing regret over the board's decision. &#8220;I deeply regret my participation in the board's actions. I never intended to harm OpenAI.&#8221;
Altman eventually <a href="https://www.benzinga.com/news/23/11/35911061/sam-altman-to-return-as-openai-ceo-as-new-board-collaborating-to-figure-out-details">returned as CEO of OpenAI</a>. &#8220;We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D&#8217;Angelo,&#8221; the company stated at the time.
In May 2024, Sutskever <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">announced his departure</a> from OpenAI, expressing confidence in the company&#8217;s ability&nbsp;to develop artificial general intelligence&nbsp;under Altman&#8217;s leadership.
Later in September, Sutskever&#8217;s AI startup, Safe Superintelligence (SSI), <a href="https://www.benzinga.com/news/24/09/40722123/openai-co-founder-ilya-sutskevers-ai-startup-raises-1b-from-andreessen-horowitz-sequoia-as-sam-altma">raised $1 billion to develop</a> advanced AI systems.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Wikimedia Commons
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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.

2024 Physics Nobel Laureate Geoffrey Hinton Says 'Particularly Proud' Of The Student That Fired OpenAI CEO Sam Altman Who Was 'Less Concerned With Safety Than With Profits'

Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is working towards its goal of transforming into a zero-emission platform with measures including the introduction of an AI assistant on the driver app to help with EV-related queries, company CEO Dara Khosrowshahi said on Tuesday. 
What Happened: Uber committed to transforming into a zero-emission platform by 2040 four years ago. On Tuesday, Khosrowshahi said in a blog that the company invested heavily to increase the number of electric vehicles in its fleet to over 182,000 units.
&#8220;It's important progress, but we know it's not enough.&nbsp;In order to help repair our planet,&nbsp;both the public and private sectors need to act with more urgency. And while we know the future is electric, getting there requires new ideas and constant innovation,&#8221; the CEO said. 
The CEO also announced the rollout of new features and updates to ramp up the electrification of its fleet including kicking off a series of premium EV pop-ups so riders can try previous EVs such as the Lotus Eletre in London and Rivian R1 in LA, Miami, and Dallas. The CEO also announced an AI assistant in the driver app powered by&nbsp;OpenAI's GPT-4o to help resolve drivers&#8217; queries on EVs. 
Why It Matters: Uber&#8217;s push towards electrification comes ahead of EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41257775/uber-well-positioned-despite-tesla-robotaxi-threat-analyst-says">unveiling its dedicated robotaxi product</a> on Oct. 10.
Musk has previously said that the company&#8217;s robotaxi fleet will operate as a mix of Uber and Airbnb. While a certain portion of the fleet will be owned by Tesla, individual Tesla customers can also add or subtract their vehicles to the robotaxi fleet at will for additional income. As for riders, they can summon a car using the Tesla App, Musk said.
However, not a lot of people are convinced about the functionality of this model, <a href="https://www.benzinga.com/news/24/08/40299293/uber-ceo-dara-khosrowshahi-doubts-teslas-robotaxi-fleet-management-plans-but-maintains-hope-for-part" target="_blank" rel="noreferrer noopener">including the Uber</a> CEO who flagged concerns including whether a car owner is going to want their car to be ridden in by a complete stranger.
He also flagged other concerns including trouble in meeting demand as individual drivers might want their vehicles at the same hour as when demand peaks.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Photo courtesy: Wikimedia

Uber Announces Measures To Ramp Up Electrification Of Its Fleet Ahead Of Tesla's Robotaxi Unveil

The notes will bear interest at a rate of&nbsp;5.600%&nbsp;per annum. Interest on the notes will be payable semi-annually in arrears on April 11 and October 11 of each year, commencing April 11, 2025.
The net proceeds from the Offering will be approximately&nbsp;$737.7 million, after deducting the underwriting discount, but before offering expenses. Ares intends to use the net proceeds from the Offering for (i) the payment of a portion of the cash consideration due in respect of Ares&#39; previously announced acquisition of the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (&quot;GCP International&quot;), and existing capital commitments to certain managed funds (the &quot;GCP Acquisition&quot;) and related fees, costs and expenses and/or (ii) general corporate purposes, including repayment of debt, other strategic acquisitions and growth initiatives. Pending such use, Ares may invest the net proceeds in short-term investments.

ARES

Reported Earlier, Ares Management Prices $750M 5.600% Senior Notes Due 2054

BW LPG Limited (&quot;BW LPG&quot; or the &quot;Company&quot;, OSE ticker code: &quot;BWLPG.OL&quot;, NYSE ticker code: &quot;BWLP&quot;) today provides an update on its Product Services&#39; (&quot;BW Product Services&quot;)&nbsp;Q3&nbsp;2024 segment performance. For the quarter ended 30 September 2024, BW Product Services reported an estimated gross profit of approximately USD 71 million. This gross profit was mainly a result of USD 86 million of unrealised marked to market value of open cargo contracts and hedging transactions, realised trading gains of USD 16 million, offset by hedging loss of USD 31 million on the realised positions. The open cargo value is reflected in the overall trading book value and will be gradually revalued and realised in the next 12 months, as per standard methodology.
After general and administrative expenses and income taxes, BW Product Services reported an estimated net profit of approximately USD 60 million for the quarter.
The average Value-At-Risk (VAR) for the quarter was approximately USD 5 million.
BW LPG will release its&nbsp;Q3&nbsp;2024 financial report on 2 December 2024.

BWLP

BW LPG's Product Services Reports $60M Net Profit For Q3 2024; Average VAR For The Quarter Stood At $5M

<ul>
<li>Proof of concept clinical trial will evaluate leniolisib in PIDs with immune dysregulation linked to altered PI3Kẟ signaling in lymphocytes</li>
<li>PIDs to include ALPS-FAS, CTLA4 haploinsufficiency, NFKB1 haploinsufficiency and PTEN deficiency, with prevalence approximately five times that of APDS&nbsp;</li>
<li>Clinical trial being conducted at the National Institutes of Health (NIH)</li>
</ul>

Health Care

General

PHAR

Pharming Group Begins Phase II Trial Of Leniolisib To Address Rare Primary Immunodeficiencies With Immune Dysregulation

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fixed a four-year-old bug in the rendering of its <a href="https://www.benzinga.com/topic/tesla-fsd">full self-driving (FSD)</a> driver assistance software, company senior executive Ashok Elluswamy said on Tuesday.
What Happened: &#8220;Because we fixed a four year old bug in the rendering!&#8221; Elluswamy wrote to an X user who wondered why FSD visualization on the vehicle display has become smooth and steady with the recent update.
Elluswamy is the Director of Autopilot software at Tesla and often takes to X to <a href="https://www.benzinga.com/news/24/10/41110109/tesla-senior-exec-says-drivers-of-older-model-s-x-vehicles-can-summon-them-by-last-quarter-of-2024">provide updates</a> on Tesla&#8217;s driver assistance technology and efforts toward autonomous driving. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Because we fixed a four year old bug in the rendering!
&mdash; Ashok Elluswamy (@aelluswamy) <a href="https://twitter.com/aelluswamy/status/1843862886789361760?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Tesla CEO Elon Musk has previously said that the company will enable autonomous driving with future updates of FSD. The company deployed the software on its latest vehicle offering- the Cybertruck- last month. 
Tesla is also looking to unveil a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41257775/uber-well-positioned-despite-tesla-robotaxi-threat-analyst-says">dedicated robotaxi product</a> on Oct. 10 as an initiation step into developing a self-driving taxi network. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Photo courtesy: Unsplash

Tesla's Latest FSD Update Smooths Out Jittery Car Visualizations, Fixing 4-Year Bug

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Building Approvals (MoM) For August -6.1% Vs. -6.1% Est.; 11.0% Prior

Cathie Wood, CEO of Ark Invest, extended her congratulations to Brian Armstrong, the Co-founder and CEO of Coinbase, on his recent marriage to Angela Meng.
What Happened: According to a post by Armstrong on X, the couple got married over the past weekend. Armstrong shared his excitement, stating, &#8220;I got married this past weekend to my long-term partner and best friend, Angela Meng! Can't wait to build a life together.&#8221;
Wood&#8217;s congratulatory message on X read, &#8220;So happy for you and Angela, Brian!&#8221; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So happy for you and Angela, Brian! <a href="https://t.co/NLf7D4Jmdu">https://t.co/NLf7D4Jmdu</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1844057139977019746?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Michael Saylor, founder and chairman of MicroStrategy, also <a href="https://x.com/saylor/status/1844133246021534087">joined</a> the celebrations, offering his congratulations to the newlyweds. 
Armstrong, a prominent figure in the cryptocurrency sector, is known not only for his role at Coinbase but also for his vocal stance on <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38195300/coinbase-ceo-brian-armstrong-highlights-crypto-advocacy-as-sec-exerts-regulatory-pressure-">crypto regulation and workplace political issues</a>.
Armstrong's newlywed wife, Meng, resides in Los Angeles. She has an impressive background, having previously worked as an investment banker at Lazard in New York, a journalist covering politics and society for the South China Morning Post in Hong Kong and Reuters in Beijing, and a model with Elite Model Management and LA Models.
In response to critiques regarding Coinbase CEO Armstrong&#8217;s past marriage and divorce, which are rarely discussed publicly, he <a href="https://x.com/brian_armstrong/status/1844205001230647419">said</a>, &#8220;Seeing some misinformation out there. I've never been married before. But thank you for your interest.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41200679/len-sassaman-is-bitcoin-creator-satoshi-nakamoto-in-hbo-documentary-polymarket-punters-see?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Len Sassaman Is Bitcoin Creator Satoshi Nakamoto In HBO Documentary? Polymarket Punters See High Probability</a>
Why It Matters: Armstrong&#8217;s personal life event comes amid a dynamic period for Coinbase and the broader cryptocurrency industry. Earlier this year, Armstrong emphasized the need for a <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39334039/coinbase-ceo-brian-armstrong-says-both-parties-need-to-address-untenable-regulatory-situat">bipartisan approach to cryptocurrency regulation</a> during a discussion with Wood. 
In the second quarter of 2024, Armstrong addressed the shifting political landscape, asserting that cryptocurrency is a non-partisan issue with advocates from both sides of the political spectrum. This statement came during a <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40123413/coinbase-ceo-brian-armstrong-was-asked-if-another-democratic-administration-would-prove-di">company earnings call</a>, where he was questioned about potential challenges if Democrats secured another term.
Additionally, Coinbase experienced record growth driven by the excitement around Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETFs, leading to all-time highs in trading volume and active clients, particularly in the institutional sector, as noted by Armstrong in May. This surge in activity was attributed to the launch of several <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38605448/bitcoin-etf-mania-drives-record-growth-across-coinbases-platforms-ceo-brian-armstrong-note">Bitcoin spot ETFs in the U.S. earlier this year</a>.
Armstrong has also been a vocal advocate for the crypto industry, standing up against regulatory pressures from the SEC, as demonstrated in his support for Uniswap amid scrutiny. He publicly aligned with the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38195300/coinbase-ceo-brian-armstrong-highlights-crypto-advocacy-as-sec-exerts-regulatory-pressure-">Stand with Crypto Alliance</a>, emphasizing the importance of crypto advocacy.
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Image Via Flickr
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>

Social Media

Cathie Wood And Michael Saylor Celebrate Coinbase CEO Brian Armstrong's Wedding To Angela Meng: 'Can't Wait To Build A Life'

&nbsp;Amazon.com, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) have announced a collaboration, as per which Apple TV+ will be available through&nbsp;Prime Video.
What Happened: Apple TV+ will join Prime Video's collection of over&nbsp;100 add-on subscription options in&nbsp;the U.S., which include Warner&nbsp;Bros. Discovery's Max, Paramount Global's&nbsp;Paramount+, Sony's Crunchyroll, and Amazon-owned MGM+.
Starting later this month, Apple TV+ will be offered as a $9.99 per month add-on subscription through Amazon Prime Video in the U.S.
Prime members who subscribe will gain access to a wide range of premium content, including popular series like&nbsp;&#8220;Severance,&#8221;&nbsp;&#8220;Slow Horses,&#8221;&nbsp;&#8220;The Morning Show,&#8221;&nbsp;&#8220;Hijack,&#8221; and&nbsp;&#8220;Loot,&#8221; along with upcoming titles such as&nbsp;&#8220;Palm Royale.&#8221;
Subscribers will also enjoy blockbuster films like&nbsp;&#8220;Wolfs&#8221;&nbsp;and&nbsp;&#8220;The Instigators,&#8221; as well as Major League Soccer and Major League Baseball events.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41220759/nvidia-ceo-jensen-huang-once-spoke-about-the-importance-of-every-country-needing-a-sovereign-ai-but?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia CEO Jensen Huang Once Spoke About The Importance Of Every Country Needing A Sovereign AI — But What Exactly Is This?</a>
Mike Hopkins, SVP and Head&nbsp;of Prime Video and Amazon&nbsp;MGM Studios, described Prime Video as a &#8220;first-stop entertainment destination offering a&nbsp;wide selection of premium programming.&#8221;
&nbsp;Eddy Cue, Apple's SVP of Services stated that the tech giant wants the Apple TV+ library to be &#8220;available to as many viewers as possible.&#8221;
Amazon will receive a percentage&nbsp;of subscription revenue for streaming&nbsp;services purchased via Prime Video, although the exact terms remain undisclosed, <a href="https://variety.com/2024/tv/news/amazon-prime-video-apple-tv-plus-1236173900/">reported</a> Variety.
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: As of April,&nbsp;Prime Video had surpassed 200&nbsp;million monthly viewers, according to CEO Andy Jassy. The addition of Apple TV+ is expected to further increase the platform&#8217;s appeal.
Apple TV+, despite being one of the <a href="https://www.benzinga.com/general/entertainment/24/04/38024244/appletv-a-streaming-winner-new-survey-shows-platform-has-smallest-library-highest-rated-con">smaller players in the streaming market</a>, has been aggressively spending on key content and sports media rights to boost its platform and subscriber base.
Earlier this year, a <a href="https://www.benzinga.com/general/entertainment/24/04/38024244/appletv-a-streaming-winner-new-survey-shows-platform-has-smallest-library-highest-rated-con">study by Self Financial showed</a> that AppleTV+ ranks first in terms of content quality. The rankings were determined by IMDb ratings, with a score of 8.0 or higher regarded as excellent for the study.
Although AppleTV+ led overall, Prime Video had the highest number of top-rated movies relative to the monthly spend per subscriber.
Meanwhile, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) ranked first for the most shows with a rating of 8 or above, boasting 837 titles, followed by Walt Disney Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Hulu/Disney+ with 637 titles in second place.
Previously, it was also reported that Amazon intends to increase <a href="https://www.benzinga.com/general/entertainment/24/10/41162458/amazon-ceo-andy-jassy-said-prime-video-will-have-meaningfully-fewer-ads-than-rivals-2-month">the number of advertisements</a> on its Prime Video platform starting next year.
Photo by Ivan Marc on 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.

Entertainment

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Reported Earlier, U.K. RICS House Price Balance For September 11% Vs. 0% (Revised) Prior

Renowned economist Claudia Sahm expressed concerns over a proposal by a Trump advisor to establish a &#8220;shadow Fed chair,&#8221; potentially undermining current Federal Reserve Chair Jerome Powell.
What Happened: Sahm&#8217;s comment came in response to a post by Heather Long, an Economic columnist for The Washington Post, detailing a plan proposed by Scott Bessent, the founder of hedge fund Key Square Group and Trump advisor. 
According to Long, if Trump wins the upcoming election, he will nominate a new Fed chair in 2025, a year before Powell&#8217;s tenure ends in May 2026. The move is aimed at turning Powell into a &#8220;lame duck&#8221; as markets and CEOs start paying more attention to the &#8220;shadow Fed Chair.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What could possibly go wrong? Everything! <a href="https://t.co/LUmPvCNxKi">https://t.co/LUmPvCNxKi</a>
&mdash; Claudia Sahm (@Claudia_Sahm) <a href="https://twitter.com/Claudia_Sahm/status/1844122213458510158?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Long quoted Bessent stating to Barron&#8217;s Ideas Editor Matt Peterson, &#8220;No one is really going to care what Jerome Powell has to say anymore.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/10/41201553/walmart-displays-new-book-on-kamala-harris-achievements-with-blank-pages-sparks-online-buzz?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Walmart Displays New Book On Kamala Harris&#8217; &#8216;Achievements&#8217; With Blank Pages, Sparks Online Buzz</a>
Why It Matters: The proposal comes amidst Trump&#8217;s <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">public disapproval</a> of the Federal Reserve's recent decision to cut its benchmark interest rate by half a percentage point. Trump suggested this action could indicate a faltering U.S. economy or be politically motivated.
Earlier, Trump had assured that he would not seek to displace Powell before the end of his term. This assurance was made <a href="https://www.benzinga.com/news/24/07/39807207/trump-eyes-jamie-dimon-for-treasury-secretary-rules-out-ousting-fed-chair-jerome-powell">amidst his consideration</a> of JPMorgan Chase &amp; Co CEO Jamie Dimon for the Treasury Secretary position if he wins the forthcoming election.
Trump&#8217;s proposal of presidential control over the Fed's rate decisions had previously drawn criticism, with Bank of America CEO Brian Moynihan <a href="https://www.benzinga.com/news/24/08/40305295/after-trump-proposes-presidential-control-over-feds-interest-rate-decisions-bank-of-america-ceo-says">emphasizing the importance</a> of the Federal Reserve&#8217;s independence.
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.

Politics

Trump Advisor's Proposal Of 'Shadow Fed Chair' Turning Jerome Powell Into A Lame Duck Gets Slammed By Economist Claudia Sahm: 'What Could Possibly Go Wrong? Everything!'

Former Pfizer Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) CEO Ian Read and ex-CFO Frank D&#8217;Amelio have <a href="https://www.benzinga.com/markets/equities/24/10/41242925/pfizer-ceo-albert-bourla-set-to-meet-activist-investor-starboard-value-as-pressure-mounts-to-rev">decided to distance themselves</a> from the activist campaign led by Starboard Value at the pharmaceutical giant.
What Happened: Read and D&#8217;Amelio made their decision public on Wednesday. They expressed their full support for Pfizer&#8217;s current CEO, Albert Bourla, in a joint statement issued through an investment bank. The two former executives had been in communication with several directors just before news of Starboard&#8217;s stake emerged, <a href="https://www.cnbc.com/2024/10/10/former-pfizer-ceo-finance-chief-step-back-from-starboards-activist-campaign.html">reported</a> CNBC.
&#8220;We are confident that over time they will deliver shareholder value,&#8221; Read and D&#8217;Amelio said of Pfizer&#8217;s current board and management. This development comes at a time when Pfizer&#8217;s board is dealing with the activist&#8217;s efforts, and just before Starboard&#8217;s Jeff Smith was scheduled to meet with CEO Bourla.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41200679/len-sassaman-is-bitcoin-creator-satoshi-nakamoto-in-hbo-documentary-polymarket-punters-see?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Len Sassaman Is Bitcoin Creator Satoshi Nakamoto In HBO Documentary? Polymarket Punters See High Probability</a>
Why It Matters: Starboard, known for its tenacious activism, has built a <a href="https://www.benzinga.com/markets/equities/24/10/41199793/amid-pfizers-struggles-with-declining-demand-for-covid-19-treatments-activist-investor-starboard">stake of around $1 billion in Pfizer</a>. The fund&#8217;s managing member, Smith, has previously launched campaigns at Autodesk and Salesforce in recent months.
Price Action: Pfizer Inc. stock closed at $30.19 on Wednesday, gaining 3.46% during the regular trading session. In after-hours trading, the stock dipped slightly by 0.20%. Year to date, Pfizer&#8217;s stock has risen by 1.55%, according to <a href="https://www.benzinga.com/pro/">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>

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