Kuke Music Hldg (NYSE:KUKE) Stock, Quote.Headers.trade-ideas

Kuke Music Holding

Kuke Music Holding Ltd provides classical music licensing, subscription, and education services in China. The company licenses its music content to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music, as well as film and TV production companies, airlines, and smart hardware companies. Users can access the platform through the website, mobile app, and smart music devices.

tech stocks

News

Intraday Update

Markets

Movers

Trading Ideas

AEHL

AMIX

AREB

AUGX

CGBS

CRSR

CRWD

CURV

GSUN

HIVE

HYZN

INTC

ISRG

JOBY

KITT

KUKE

MEDS

NAAS

ONCO

PLUG

SCHL

SERV

SIGI

SILO

SLNA

SLRX

SPWR

SXTP

VRPX

Why Selective Insurance Group Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Interest,Rate,And,Dividend,Concept,,Investors,Are,Calculating,Profits,And

COIN

DAVE

FTEL

INTR

MSTR

TROO

Western Alliance Posts Upbeat Earnings, Joins Abacus Life, SLB And Other Big Stocks Moving Higher On Friday

movers image

AGIO

AKAN

APDN

ARCT

AUVI

CALT

CELH

CORT

CRKN

DKNG

EDBL

FWRD

GTHX

HLVX

HUBS

INSM

LOAR

LUCY

MINM

MOMO

MRAI

MRNA

MRUS

NCPL

NUKK

NVAX

NWTN

OBLG

OKLO

ONMD

OPTT

PEGY

POAI

RYDE

SINT

SMMT

SMXT

SPCE

SRPT

STSS

TPHS

XCUR

Why Applied DNA Sciences Shares Are Trading Lower By Around 68%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Kuke Music Holding Limited American Depositary Shares, each representing one Ordinary Share

Kuke Music Holding Ltd

In a podcast appearance, Tesla and SpaceX CEO Elon Musk said that X Corp., formerly Twitter, will respect the laws of each jurisdiction it operates in, while also <a href="https://www.benzinga.com/news/24/05/39113352/elon-musks-44b-twitter-purchase-saved-american-free-speech-says-patrick-bet-david-you-have-to-give-c">championing free speech</a>.
What Happened: On Monday, Musk was a guest on the All-in podcast, during which he was questioned about the fear and motivation behind the criticism of X&#8217;s open communication platform.
In the response, the tech mogul said that those who propagate false premises might fear public dialogue that could undermine their assertions. 
He went on to add that X&#8217;s goal is to adhere to the laws of each country it operates in. If a certain type of content is deemed illegal in a particular jurisdiction, X will take necessary actions such as suspending the account or removing the content.
See Also: <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Intelligence-Ready iPhone 16 With Faster Processor, Dedicated Camera Button Announced: Check Price And Availability Details</a>
&#8220;But if speech is not illegal then what are we doing,&#8221; he asked, arguing that the path of censorship leads to a &#8220;bad place&#8221; and that the decision to change laws should be left to the people of a country.
<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/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> live at the all-in summit! <a href="https://t.co/ydbJcuAsGJ">https://t.co/ydbJcuAsGJ</a>
&mdash; The All-In Podcast (@theallinpod) <a href="https://twitter.com/theallinpod/status/1833287600276443291?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Musk&#8217;s comments come in the wake of a series of controversies surrounding the social media company he acquired for $44 billion in October 2022. 
Last month, a Brazilian Supreme Court justice called for an <a href="https://www.benzinga.com/news/24/08/40664929/brazil-judge-bans-x-after-months-long-feud-threatens-fines-of-nearly-9k-per-day-on-users-who-try-to">immediate halt to the operations</a> of X in the country, intensifying the ongoing dispute between the court and Musk.
According to a report by U.K.-based market research firm Kantar, Musk&#8217;s social media company is also expected to <a href="https://www.benzinga.com/news/24/09/40762349/x-faces-major-advertiser-exodus-amid-string-of-elon-musk-controversies">drastically reduce advertising</a> expenditure in 2025. 
This forecast follows concerns about the platform's association with contentious content, leading to many advertisers <a href="https://www.benzinga.com/news/24/09/40724275/elon-musks-x-faces-26-ad-spend-decline-by-2025-amid-steep-decline-in-brand-safety-survey-reveals">planning to reduce their spending</a> on X in 2025.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40771760/apples-iphone-16-launch-jpmorgan-says-staggered-pricing-approach-could-offset-risin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPhone 16 Launch: JPMorgan Says &#8216;Staggered Pricing Approach&#8217; Could Offset Rising Chip, Memory Costs</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Tech

Elon Musk Says X Intends To Obey The Law In Each Jurisdiction, But If Free Speech Is Not Illegal Then 'What Are We Doing'

Renowned economist Peter Schiff has issued a stark <a href="https://www.benzinga.com/news/24/08/40523087/a-looming-recession-top-analyst-believes-rate-cuts-cant-save-the-day-every-single-one-of-us-now-beli">warning about the U.S. economy</a>, suggesting that Federal Reserve rate cuts will not stave off a recession.
What Happened: Peter Schiff, a well-known gold advocate and critic of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), has issued a warning about the U.S. economy. According to a post on X, Schiff believes that the Federal Reserve&#8217;s rate cuts will not prevent a recession.
Schiff stated on Tuesday, &#8220;The #Fed&#8217;s rate cuts won&#8217;t prevent a #recession. In fact, the U.S. economy has likely been in a recession for some time, though it hasn&#8217;t been officially confirmed yet.&#8221; He further elaborated that while short-term rates may decrease, long-term rates, inflation, and unemployment are expected to rise.
Schiff&#8217;s comments suggest that the economic situation is more dire than it appears. He concluded his post with, &#8220;Game over,&#8221; indicating a bleak outlook for the U.S. economy. This warning comes amid ongoing debates about the effectiveness of the Federal Reserve&#8217;s monetary policies.
<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">The <a href="https://twitter.com/hashtag/Fed?src=hash&amp;ref_src=twsrc%5Etfw">#Fed</a>&#39;s rate cuts won&#39;t prevent a <a href="https://twitter.com/hashtag/recession?src=hash&amp;ref_src=twsrc%5Etfw">#recession</a>. In fact, the U.S. economy has likely been in a recession for some time, though it hasn&#39;t been officially confirmed yet. While short-term rates may fall, long-term rates and <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> will rise, along with <a href="https://twitter.com/hashtag/unemployment?src=hash&amp;ref_src=twsrc%5Etfw">#unemployment</a>. Game over.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1833251464891748799?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/09/40722526/kamala-harris-reveals-28-capital-gains-tax-for-high-earners-toning-down-bidens-proposed-rates-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Reveals 28% Capital Gains Tax For High Earners, Toning Down Biden&#8217;s Proposed Rates Ahead Of 2024 Election</a>
Why It Matters: Schiff&#8217;s warning aligns with recent concerns raised by <a href="https://www.benzinga.com/news/24/08/40523087/a-looming-recession-top-analyst-believes-rate-cuts-cant-save-the-day-every-single-one-of-us-now-beli">other financial experts</a>. Garry Evans, chief strategist of global asset allocation at BCA Research also predicted an impending U.S. recession, despite potential Federal Reserve rate cuts. The strategist emphasized that &#8220;every single one of us now believes&#8221; a recession is imminent, contrary to market optimism.
Moreover, in late July, it was noted that the Federal Reserve&#8217;s first rate cut <a href="https://www.benzinga.com/government/24/07/40016363/why-the-feds-first-rate-cut-wouldnt-be-that-big-of-a-deal">might not significantly impact the market</a>. Despite some fluctuations in the S&amp;P 500, the index remained substantially higher compared to its October 2022 low.
Earlier in June, Mohamed El-Erian, chief economic adviser at Allianz, urged the Federal Reserve to implement rate cuts to <a href="https://www.benzinga.com/news/24/06/39372406/el-erian-warns-of-economic-risks-without-prompt-fed-rate-cuts-what-really-matters-is-where-they-fini">prevent economic instability</a>. El-Erian emphasized that the timing and extent of these cuts are crucial.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40678841/kamala-harriss-democrat-supporters-are-in-complete-denial-of-unrealized-capital-gains-tax-claims-pie?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris&#8217;s Democrat Supporters Are In &#8216;Complete Denial&#8217; Of Unrealized Capital Gains Tax, Claims Pierre Ferragu, Warns &#8216;Dems Have Become The Bad Guys&#8217;</a></li>
</ul>
Image via 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>

Economics

Federal Reserve

$BTC

Peter Schiff Warns Fed's Rate Cuts Won't Prevent Recession — Issues Warning About Inflation And Unemployment: 'Game Over'

In a move that maintains its previous strategy, Apple continues to restrict its eSIM-only <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">iPhone 16 models</a> with 5G mmWave to the U.S. market.
What Happened: Apple first incorporated eSIM-only versions into its product line with the iPhone 14 and has sustained this approach with the iPhone 16. The eSIM-only models, which do not have a SIM tray, are the only ones to support 5G mmWave, a technology that facilitates high wireless speeds and ultra-low latency cellular communication, <a href="https://9to5mac.com/2024/09/09/5g-mmwave-esim-iphone-16-us/">reported</a> 9to5Mac on Monday.
However, 5G mmWave has its drawbacks. Its signal can only be transmitted over shorter distances and often cannot penetrate glass or trees, making it typically unavailable indoors. This has led to low adoption rates, especially outside the US.
Despite the advantages of eSIM, such as enhanced security, the uptake of this technology has been sluggish in some countries, with many wireless carriers still not offering support. Consequently, Apple has not extended the 5G mmWave and eSIM-only iPhone to other nations.
See Also: <a href="https://www.benzinga.com/news/24/09/40679223/mark-cuban-explains-why-despite-getting-a-lot-of-flak-from-elon-musk-and-others-he-continues-to-post?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Explains Why, Despite Getting A Lot Of Flak From Elon Musk And Others, He Continues To Post On X: &#8216;Don&#8217;t Want to Be Where Everyone Agrees with Me&#8217;</a>
Why It Matters: Apple unveiled the iPhone 16 series at the "Glowtime" event, as reported by <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">Benzinga</a>. The new series is &#8220;designed for Apple Intelligence from the ground up,&#8221; according to CEO Tim Cook.
The iPhone 16 series features Apple&#8217;s new A18 chip with a 30% speed boost and introduces Apple Intelligence in beta. The standard models have 6.1 and 6.7-inch screens, a 48MP camera, and improved gaming performance. The Pro models come with larger displays, A18 Pro chip, 5x telephoto lens, and new color options like Gold and Titanium. Prices start at $799, with availability from Sept. 20.
However, the hardware upgrades of the iPhone 16 received mixed reviews. Tesla and SpaceX CEO Elon Musk <a href="https://www.benzinga.com/news/24/09/40784773/elon-musk-liked-the-camera-on-iphone-15-but-iphone-16-doesnt-get-much-love-from-the-techno-king-here">found them lackluster. </a>
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40764465/dont-believe-the-hype-about-an-iphone-16-super-cycle-gurman-says-consumers-will-have-to-wait-for-the?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Don&#8217;t Believe The Hype About An iPhone 16 Super Cycle,&#8217; Gurman Says: &#8216;Consumers Will Have To Wait For The Best AI Features&#8217;</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>

AAPL

Those eSim-Only iPhone 16 Models Remain Exclusive To US Market, Rest Of The World Still Gets The Physical Sim Option

Republic of Rwanda, a landlocked country in the Great Rift Valley of East Africa, is working on positioning itself as a key player in the global medical marijuana market. In 2021, Rwanda legalized medical cannabis use, production, cultivation, import and export. The legalization came some 11 years after the Minister of Health initially proposed the refrom.
King Kong Organics (KKOG), a subsidiary of KKOG Global, a US corporation was the first company to secure a 5-year license to cultivate cannabis for medical purposes in March. KKOG Rwanda invested $10 million in the project to develop its production facility in Musanze, which is expected to be complete in September 2024, <a href="https://www.newsweed.fr/premiere-production-cannabis-rwanda-septembre/">writes</a> NewsWeed according to translation.
CEO Rene Joseph recently confirmed that 70% of the installations had been completed and that the production launch is expected to start on schedule.
The country's climate and fertile land are said to be suitable for marijuana growing, and the Rwanda Development Board projects that one hectare of cannabis could yield up to EUR 10 million ($11.05 million). For comparison purposes, horticultural flowers, which is a well-developed sector in Rwanda, generate around $300,000 per hectare. KKOG is set to produce 5,000 kg of cannabis per hectare.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
The global cannabis market is projected to reach $444.34 billion by 2030, from currently $57.18 billion, according to Fortune Business Insights. This growth is mostly driven by medical marijuana demands, mostly for pain treatments.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/23/12/36298034/most-important-medical-potential-of-marijuana-cannabis-for-pain-relief-says-biotech-ceo">Most Important Medical Potential Of Marijuana? Cannabis For Pain Relief Says Biotech CEO</a>
<h2 class="wp-block-heading">Potential Profits Exceed Initial Investment</h2>
In 2022, global combined sales of CBD, medical marijuana and recreational cannabis reached $45 billion, according to Prohibition Partners, a data, media and tech company operating in the legal cannabis industry providing specialist information and data analytics. Prohibition Partners projects that the market could surpass $101 billion by 2026.
Rwanda wants to be a part of this growth and it has identified cannabis production as a top investment opportunity, looking to attract foreign investment. The government allocated 35 hectares of land in the Musanze district to five potential investors, out of whom KKOG Rwanda was first to start construction.
Joseph acknowledged that the production expenses are high due to the limited availability of machinery in the region but added that potential profits exceed the initial investment.
"With the right government partners, we can develop this opportunity," he said.
Recreational cannabis use and sale remain strictly prohibited with severe penalties imposed.
Continue reading on <a href="https://www.newsweed.fr/premiere-production-cannabis-rwanda-septembre/">NewsWeed</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40761718/zurich-cannabis-study-shows-positive-first-year-results-approach-focused-on-consumer-health">Zurich Cannabis Study Shows Positive First-Year Results, Approach Focused On Consumer Health</a></li>
</ul>
Photo: Courtesy of Ryland zweifel via Shutterstock

Cannabis

Rwanda's First Medical Marijuana Cultivation Facility Will Soon Ready To Operate

Former President Donald Trump has made a surprising claim about Mark Zuckerberg <a href="https://www.benzinga.com/news/24/08/40643211/trump-doesnt-mince-words-about-mark-zuckerberg-in-his-new-coffee-table-book-he-would-come-to-the-ova">ahead of the 2024 election</a>, which the Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO has swiftly denied.
What Happened: Trump said that Zuckerberg made the remarks during a phone call after an assassination attempt on him at a rally in Butler, Pennsylvania, in July. The ex-president quoted Zuckerberg as saying, &#8220;I&#8217;ve never supported a Republican before, but there&#8217;s no way I can vote for a Democrat in this election,&#8221; <a href="https://nymag.com/intelligencer/article/donald-trump-ear-campaign-assassination-attempt.html">reported</a> New York Magazine on Monday.
A Meta spokesperson refuted Trump&#8217;s claims, stating that Zuckerberg has not endorsed Trump or his opponent, Vice President Kamala Harris. &#8220;As Mark has said publicly, he&#8217;s not endorsing anybody in this race and has not communicated to anybody how he intends to vote,&#8221; the spokesperson told the outlet.
In a July interview, Zuckerberg praised Trump&#8217;s reaction to the assassination attempt, calling it &#8220;bad&#x2A;&#x2A;s,&#8221; but reiterated that he would not endorse either candidate. Trump and Zuckerberg have had a contentious relationship, with Trump criticizing Meta for suspending his Facebook account after the Jan. 6, 2021, Capitol riot.
See Also: <a href="https://www.benzinga.com/news/24/09/40761709/anthony-scaramucci-trump-will-lose-then-start-panicking-over-november-sentencing?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci: Trump Will Lose, Then &#8216;Start Panicking&#8217; Over November Sentencing</a>
Why It Matters: The relationship between <a href="https://www.benzinga.com/news/24/07/39723781/trump-threatens-to-jail-metas-mark-zuckerberg-and-election-fraudsters-if-re-elected-dont-do-it-be-ca">Trump and Zuckerberg</a> has been tumultuous, with Trump previously threatening to imprison Zuckerberg if re-elected. In July, Trump warned he would jail Zuckerberg and other &#8220;election fraudsters&#8221; if he returned to office. 
In August, Trump criticized Zuckerberg in his new coffee table book, &#8220;Save America,&#8221; suggesting that Zuckerberg was &#8220;always plotting&#8221; despite frequent <a href="https://www.benzinga.com/news/24/08/40643211/trump-doesnt-mince-words-about-mark-zuckerberg-in-his-new-coffee-table-book-he-would-come-to-the-ova">visits to the Oval Office</a>. 
Just days after Trump&#8217;s threat, Zuckerberg praised Trump&#8217;s response to <a href="https://www.benzinga.com/news/24/07/39869982/mark-zuckerberg-calls-trumps-response-to-assassination-attempt-bad-s-days-after-ex-president-threate">the assassination attempt</a>, calling it &#8220;bad&#x2A;&#x2A;s.&#8221; This praise came despite the ongoing tension between the two. 
In his latest book, Trump escalated his rhetoric, <a href="https://www.benzinga.com/news/24/08/40667286/trump-warns-zuckerberg-in-latest-book-says-he-could-be-in-prison-for-the-rest-of-his-life-we-are-wat">warning that Zuckerberg could face life imprisonment</a>. The former president stated, &#8220;We are watching him closely.&#8221; 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40758404/trump-vs-harris-latest-poll-shows-the-two-presidential-candidates-are-neck-and-neck-in-these-two-sta?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Latest Poll Shows The Two Presidential Candidates Are Neck And Neck In These Two States</a></li>
</ul>
Image via Wikimedia Commons
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>

Politics

Did Mark Zuckerberg Really Say 'No Way I Can Vote For A Democrat In This Election' To Trump?

Matt Hougan, Chief Investment Officer at&nbsp;Bitwise Asset Management, refuted an analyst&#8217;s claim that investment advisors were not buying Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) spot exchange-traded funds in great numbers.
What Happened: In a post on X Monday, Matt Hougan challenged the views of macro analyst Jim Bianco, arguing instead that investment advisors were adopting Bitcoin ETFs faster than any new ETF in history.
Using Bianco&#8217;s own figures to buttress his point, Hougan stated that the $1.45 billion net inflows from investment advisors into the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) that Bianco deemed &#8220;small&#8221; was in fact the second highest among over 300+ ETFs launched this year.
&#8220;The truth is that investment advisors are adopting bitcoin ETFs faster than any other ETF in history. It is just that their historic flows are overshadowed by the even-more-historic purchases of other investors,&#8221; Hougan asserted.
<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">Jim is wrong here: Investment advisors are adopting bitcoin ETFs faster than any new ETF in history. Let&#39;s look at his own data, focused on IBIT, the BlackRock ETF. Per his table, IBIT has attracted $1.45 billion in net flows from investment advisors. He calls this &quot;small&quot;… <a href="https://t.co/0Sis9lIWDp">https://t.co/0Sis9lIWDp</a>
&mdash; Matt Hougan (@Matt_Hougan) <a href="https://twitter.com/Matt_Hougan/status/1833149076722081906?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The claim was supported by Bloomberg ETF analyst Eric Balchunas, who added, &#8220;Just IBIT&#8217;s advisor allocations (which add up to $1.5b) is more organic inflows than any other ETF launched this year.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Great point: Just <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IBIT</a>&#39;s advisor allocations (which add up to $1.5b) is more organic inflows than any other ETF launched this year. <a href="https://t.co/mW8BT6TgNg">https://t.co/mW8BT6TgNg</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1833194309610574108?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40780511/dogecoin-surges-8-as-elon-musk-jokes-doge-will-be-the-official-mascot-of-department-of-gov?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Surges 8% As Elon Musk Jokes DOGE Will Be The &#8216;Official Mascot&#8217; Of &#8216;Department Of Government Efficiency&#8217;</a>
Why It Matters: The rebuttal was in response to <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40773784/bitcoin-etfs-are-not-an-adoption-vehicle-with-holders-on-2b-unrealized-losses-analyst-says">Bianco&#8217;s analysis</a> on the performance of spot Bitcoin ETFs since launch, who emphasized that most inflows into ETFs have come from existing on-chain holders rather than new market participants.
Bianco also pointed out that the investment advisors and wealth managers, who were expected to drive adoption, account for only 9% of shares outstanding.
The ETFs launched in January have attracted net inflows of $16.93 billion since launch, according to data from SoSo Value, although recent price volatility has eroded demand. Last week, the 12 spot ETFs recorded their second-worst performance since inception, with net outflows exceeding $706 million.
BItwise&#8217;s spot Bitcoin fund, Bitwise Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>), has attracted $1.93 billion in net inflows since launch, and closed 2.01% higher at $31.15 during Monday&#8217;s trading session.
Price Action: At the time of writing, Bitcoin was exchanging hands at $56,683.55, up 2.93% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40776328/microstrategys-bitcoin-strategy-has-outperformed-every-s-p-500-company-and-even-nvidia-sin">MicroStrategy&#8217;s Bitcoin Strategy Has Outperformed Every S&amp;P 500 Company And Even Nvidia Since 2020, Says Michael Saylor</a></li>
</ul>

Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

IBIT

Bitcoin ETF Adoption By Investment Advisors 'Faster Than Any Other ETF in History' Counters Bitwise CIO In Response To Macro Analyst's Skepticism

On Monday, U.S. indices closed in positive territory, with the Dow Jones Industrial Average rising 1.2% to finish at $40,829.59. The S&amp;P 500 also gained nearly 1.2%, closing at 5,471.05, while the Nasdaq saw a similar 1.2% increase, ending at 16,884.60. Here are the top five trending stocks of the day:
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
Palantir&#8217;s stock soared by 14.08%, closing at $34.6 after hitting an intraday high of $34.7 and a low of $32.47. The company is set for a significant milestone with its <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40774679/palantir-stock-soars-after-s-p-500-inclusion-ai-deal-with-bp-fuels-additional-gains-what">inclusion in the S&amp;P 500 index</a> on September 23.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
Apple&#8217;s stock saw a marginal increase of 0.04%, closing at $220.91. The stock hit an intraday high of $221.27 and a low of $216.71. The tech giant <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">introduced the iPhone 16 series</a> at the &#8220;Glowtime&#8221; event, designed for Apple Intelligence from the ground up.
See Also: <a href="https://www.benzinga.com/news/24/09/40743718/mark-cuban-says-kamala-harris-is-simply-doing-what-trump-did-in-2016-its-her-party-she-gets-to-set-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says Kamala Harris Is Simply Doing What Trump Did In 2016: &#8216;It&#8217;s Her Party. She Gets To Set The Rules&#8217;</a>
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s stock rose by 3.54%, closing at $106.47. The stock reached an intraday high of $106.55 and a low of $103.69. The company is currently <a href="https://www.benzinga.com/markets/equities/24/09/40768376/nvidia-faces-antitrust-probe-over-market-dominance-as-doj-ftc-crack-down-on-ai-powerhouses-repor">under an early-stage investigation</a> by U.S. antitrust authorities over its potential dominance in the artificial intelligence chip market.
Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)
Oracle&#8217;s stock declined by 1.35%, closing at $139.89 after hitting an intraday high of $143.3 and a low of $139.51. The company reported strong <a href="https://www.benzinga.com/news/earnings/24/09/40781943/oracle-stock-climbs-on-strong-q1-results-partnerships-with-google-cloud-aws">first-quarter earnings</a>, beating analyst estimates with $1.39 per share and $13.3 billion in revenue, driven by significant growth in cloud services. The company also announced major cloud partnerships with AWS and Google Cloud.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares increased by 2.63%, closing at $216.27. The stock hit an intraday high of $219.87 and a low of $213.67. The electric vehicle maker&#8217;s shares moved higher after its supplier Panasonic <a href="https://www.benzinga.com/news/24/09/40779803/whats-going-on-with-tesla-shares-monday">announced preparations for mass production</a> of high-capacity electric vehicle (EV) batteries.
Photo by WHYFRAME on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40758803/did-a-potential-stock-sale-by-elon-musk-lead-to-fall-in-tesla-shares-top-analyst-sa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Did A Potential Stock Sale By Elon Musk Lead To Fall In Tesla Shares? Top Analyst Says It Could Instead Be Because Of Broader Selloff In AI Stocks</a></li>
</ul>

Equities

NVDA

ORCL

PLTR

TSLA

Palantir, Apple, Nvidia, Oracle, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) has appointed Lucas Montarce as executive vice president and chief financial officer, effective immediately.
What Happened: Montarce, who joined Lilly in 2001, has held numerous finance leadership positions. His roles included group vice president, corporate controller, and CFO of Lilly Research Laboratories; vice president, finance and CFO of Lilly International; and vice president, finance, and global CFO of Elanco Health.
Most recently, Montarce served as Lilly&#8217;s president and general manager for the Spain, Portugal, and Greece hub. He holds a bachelor&#8217;s degree in business accounting from Catholic University (Argentina) and a master&#8217;s degree in business administration from the Center for Macroeconomic Studies of Argentina.
David Ricks, chair and CEO stated, &#8220;We are excited to announce Lucas as Lilly&#8217;s next CFO, following a competitive search across health care, tech, and general industries.&#8221;
Montarce expressed his commitment to building on Lilly&#8217;s strong financial foundation and driving continued success. &#8220;I am honored to step into this role during such a significant time in our company&#8217;s history,&#8221; he said.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40758803/did-a-potential-stock-sale-by-elon-musk-lead-to-fall-in-tesla-shares-top-analyst-sa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Did A Potential Stock Sale By Elon Musk Lead To Fall In Tesla Shares? Top Analyst Says It Could Instead Be Because Of Broader Selloff In AI Stocks</a>
Why It Matters: The appointment of Montarce as CFO comes at a pivotal time for Eli Lilly. The company has been in the spotlight for its <a href="https://www.benzinga.com/markets/equities/24/08/40594187/eli-lilly-is-the-nvidia-of-weight-loss-and-glp-1-space-says-roundhill-investments-ceo-emphasizes">advancements in the weight loss and GLP-1 space</a>. Roundhill Investments CEO Dave Mazza recently likened Eli Lilly to NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in terms of market leadership and growth potential.
Additionally, Eli Lilly&#8217;s Alzheimer&#8217;s drug, donanemab, is facing potential rejection by the U.K.&#8217;s National Health Service (NHS) due to <a href="https://www.benzinga.com/general/biotech/24/08/40551066/eli-lillys-alzheimers-drug-faces-uk-agency-block-after-biogens-medicine-rejection-over-cost-safet">cost and safety concerns</a>, following a similar decision on Biogen Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) Leqembi. This has added pressure on the company to navigate regulatory challenges effectively. 
Montarce&#8217;s appointment also <a href="https://www.benzinga.com/news/24/07/39717304/eli-lilly-announces-cfo-change">follows the resignation</a> of former CFO Anat Ashkenazi, who left to pursue a new career. Gordon Brooks has been serving as interim CFO since Jul. 15. 
Moreover, Eli Lilly is intensifying its efforts to combat imitation <a href="https://www.benzinga.com/markets/equities/24/09/40672154/eli-lilly-launches-discounted-mounjaro-and-zepbound-as-fight-against-compounded-imitations-escal">versions of its popular appetite-suppressing drugs</a>, Mounjaro and Zepbound. This move is part of a broader strategy to maintain its market position amid ongoing FDA debates about drug shortages.
Price Action: Eli Lilly and Co closed at $908.27 on Monday, gaining 0.62% for the day. In after-hours trading, the stock dipped 0.027%. Year to date, Eli Lilly&#8217;s stock has surged 53.37%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzing Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40782192/job-slowdown-headhunters-are-on-a-roll-revenue-for-executive-searches-is-up">Job Slowdown? Headhunters Are On A Roll, Revenue For Executive Searches Is Up</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>

Global

BIIB

Zepbound And Mounjaro Maker Eli Illy Has A New CFO As It Navigates Regulatory Challenges: What You Should Know

Alibaba Group Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) saw its Hong Kong-listed shares rise by 4.28% on Monday. The <a href="https://www.benzinga.com/news/24/09/40778129/alibaba-joins-chinas-stock-connect-eyes-billions-in-investment-boost">surge followed the inclusion of its ordinary shares</a> in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs.
What Happened: The company&#8217;s shares were trading at HK$81.65 after the announcement. The inclusion means that eligible investors in Mainland China can now directly trade Alibaba&#8217;s ordinary shares listed on the Hong Kong Stock Exchange.
The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs facilitate mutual market access between Mainland China and Hong Kong. These programs allow Mainland Chinese investors to trade eligible Hong Kong shares and vice versa, subject to daily quotas.
Effective Sept. 10, the inclusion was confirmed by announcements from both the Shanghai Stock Exchange and the Shenzhen Stock Exchange. This development is expected to enhance liquidity and broaden the investor base for Alibaba&#8217;s shares.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40769921/palantir-stock-soars-in-monday-premarket-whats-driving-the-surge?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir Stock Soars In Monday Premarket: What&#8217;s Driving The Surge?</a>
Why It Matters: Alibaba&#8217;s inclusion in the Stock Connect programs is a significant milestone, potentially bringing billions in investment from <a href="https://www.benzinga.com/news/24/09/40778129/alibaba-joins-chinas-stock-connect-eyes-billions-in-investment-boost">approximately 200 million mainland-based investors</a>. 
This development follows Alibaba&#8217;s recent strategic moves, including a collaboration with Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) to offer new <a href="https://www.benzinga.com/news/24/09/40748559/alibaba-and-mastercard-team-up-to-offer-new-perks-for-us-business-owners">perks for U.S. business owners</a>. This partnership aims to attract businesses for cross-border and domestic sourcing purchases through Alibaba.com.
Additionally, Alibaba has been expanding its presence in the U.S. market with the launch of a <a href="https://www.benzinga.com/news/24/09/40744024/alibaba-boosts-us-expansion-with-new-ai-sourcing-tool-despite-festering-tensions-between-beijing-and">new AI-powered sourcing tool</a>, designed to simplify the sourcing process for American buyers. 
Furthermore, Alibaba recently received a clean chit from domestic regulators after over t<a href="https://www.benzinga.com/government/24/08/40650893/alibaba-clears-3-year-regulatory-antitrust-scrutiny-stock-gains">hree years of antitrust scrutiny</a>, which positively impacted its stock. 
Price Action: Alibaba Group Holding Ltd – ADR closed at $81.44 on Monday, marking a gain of 0.32% for the day. In after-hours trading, the stock rose 0.61%. Over the past year, the ADR has declined by 8.20%. However, its Hong Kong-listed shares have seen a significant year-to-date increase of 9.17%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40758803/did-a-potential-stock-sale-by-elon-musk-lead-to-fall-in-tesla-shares-top-analyst-sa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Did A Potential Stock Sale By Elon Musk Lead To Fall In Tesla Shares? Top Analyst Says It Could Instead Be Because Of Broader Selloff In AI Stocks</a></li>
</ul>
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>

Asia

BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

Alibaba Shares Spike Over 4% In Hong Kong After Stock Connect Programs Give Mainland China Investors Greater Access

On Monday, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) unveiled its Apple Watch Series 10, iPhone 16 series, and more at <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">the &#8220;Glowtime&#8221; event</a>. A top analyst has now highlighted a significant omission in the new Apple Watch.
What Happened: Bloomberg columnist Mark Gurman took to X, formerly Twitter, and pointed out that users of Apple Watch Series 6 or newer will lose a vital health feature if they upgrade to the new Apple Watch. 
The Blood Oxygen monitoring will remain absent from new watches until Apple either finds a solution or <a href="https://www.benzinga.com/news/24/04/38130324/tim-cook-led-tech-giant-appeals-to-us-court-for-overturning-import-ban-on-its-apple-watches">reaches an agreement</a> with Masimo Corporation, a medical technology firm.
Last year, the U.S. International Trade Commission or ITC ruled that certain Apple Watch models had infringed on Masimo&#8217;s <a href="https://www.benzinga.com/news/24/01/36690640/masimo-ceo-wholeheartedly-feels-apple-watch-users-are-better-off-without-blood-oxygen-monitoring-fea">patented pulse oximetry technology</a>.
As a result, the ITC prohibited the import and sale of Apple Watches from Series 6 to Series 9 and the Ultra 2 in the U.S.
See Also: <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?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI Co-Founder Ilya Sutskever&#8217;s AI Startup Raises $1B From Andreessen Horowitz, Sequoia As Sam Altman-Led Company Faces Exodus</a>
<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">This has gone under the radar, but if you have an Apple Watch Series 6 or newer with Blood Oxygen monitoring and you buy a new Apple Watch, you're going to lose that very key feature a lot of people rely on until Apple figures out a workaround or settles with Masimo.
&mdash; Mark Gurman (@markgurman) <a href="https://twitter.com/markgurman/status/1833282385749938454?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Separately, Gurman also shared his thoughts on the Apple Watch Series 10 screen size and battery life, comparing it with the Apple Watch Ultra.
He initially favored the Series 10 but later changed his mind, citing the Ultra 2&#8217;s double battery life and action button as significant benefits.
<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">If you include cellular and titanium, the Ultra is $50 more than the bigger Series 10, not the $400 it would seem on paper. Is $50 more worth it? For double battery I think most would say yes. S10 and S9 chips are basically the same. Screen sizes are also basically the same. <a href="https://t.co/36N0RWSq6e">https://t.co/36N0RWSq6e</a>
&mdash; Mark Gurman (@markgurman) <a href="https://twitter.com/markgurman/status/1833285835208466636?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Apart from the <a href="https://www.benzinga.com/news/24/09/40779019/apple-watch-series-10-announced-with-larger-display-thinner-design">Apple Watch Series 10</a>, Cupertino also introduced a new color for its Ultra Watch. The new Apple Watch Ultra 2 is built for high durability and performance, equipped with a tough titanium case and a scratch-resistant sapphire front crystal.
The Apple Watch Series 10 is priced at $399 for the GPS model and $499 for the GPS and Cellular model. The Apple Watch Ultra 2 is priced at $799 and both models are available for preorder today, with a release date set for Sept. 20.
During the event, the tech giant also launched the iPhone 16 series at a starting price of $799. Pre-orders for the iPhone 16 start this Friday, and all four models will be available for purchase on Sept. 20.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40771760/apples-iphone-16-launch-jpmorgan-says-staggered-pricing-approach-could-offset-risin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPhone 16 Launch: JPMorgan Says &#8216;Staggered Pricing Approach&#8217; Could Offset Rising Chip, Memory Costs</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple Watch Upgrade A Downgrade? Top Analyst Says Many Missed This Crucial Information During 'Glowtime' Event

VP Kamala Harris&#8216;s campaign lashed out at former President Donald Trump for what they described as &#8220;blatant pandering&#8221; over his recent comments on Florida&#8217;s <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">marijuana legalization ballot measure</a>, also known as Amendment 3, <a href="https://thehill.com/homenews/campaign/4870447-harris-trump-florida-marijuana-legalization/">reported</a> The Hill Monday afternoon.
What Happened: <a href="https://www.benzinga.com/markets/cannabis/24/09/40774795/trump-says-hell-reschedule-cannabis-if-elected-backs-marijuana-banking-reform-and-floridas-amend">Trump announced</a> his support for Amendment 3, which would legalize recreational marijuana in Florida, in a post on Truth Social late Sunday. Trump also posted that, if elected, he will federally reschedule cannabis &#8211; a promise the Biden Administration <a href="https://www.benzinga.com/markets/cannabis/24/05/38880719/biden-announces-monumental-marijuana-rescheduling-doj-to-take-next-steps">vowed to do over a year ago</a> and has yet to undertake. He and Kamala Harris are probably wishing they had.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40774795/trump-says-hell-reschedule-cannabis-if-elected-backs-marijuana-banking-reform-and-floridas-amend">Trump Says He&#8217;ll Reschedule Cannabis If Elected, Backs Marijuana Banking Reform And Florida&#8217;s Amendment</a>
Joseph Costello, a spokesperson for Harris's campaign, accused Trump of inconsistency on marijuana reform. "Despite his blatant pandering, Donald Trump cannot paper over his extensive record of dragging marijuana reform backward," Costello said in a statement, referring to Trump&#8217;s time in office when he opposed marijuana reform measures like cannabis banking and in fact undermined state legalization efforts.
"As president, Trump cracked down on nonviolent marijuana offenses—undermining state legalization laws, opposed safe banking legislation, and even tried to remove protections for medical marijuana," Costello told NBC News on Monday. "Donald Trump does not actually believe in marijuana reform, but the American people are smart enough to see through his campaign lies."
Trump's statement that if elected he would reclassify marijuana takes a page from the Biden administration. Hailed on many occasions, as a major step toward reversing historical inequities in the criminal justice system, the Biden administration has yet to deliver on that as well as his 2020 campaign pledge to federally decriminalize marijuana. 
Meanwhile, Harris&#8217;s newly launched campaign issues page <a href="https://www.benzinga.com/markets/cannabis/24/09/40783494/trump-applauded-for-backing-marijuana-legalization-while-harris-omits-cannabis-reform-from-campa">makes no mention of marijuana policy</a>, which has cannabis advocates wondering why. Despite previous advocacy for marijuana reform, and lots of it, cannabis policy is conspicuously absent, which is odd in that marijuana reform is clearly an issue that has become increasingly popular in national debates.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40783494/trump-applauded-for-backing-marijuana-legalization-while-harris-omits-cannabis-reform-from-campa">Trump Applauded For Backing Marijuana Legalization While Harris Omits Cannabis Reform From Campaign Issues Page</a></li>
</ul>
Photo: Shutterstock

Government

Regulations

Legal

Harris Campaign Accuses Trump Of 'Blatant Pandering' And Lying About His Cannabis Support Announcement

Leading cryptocurrencies soared on Monday, coinciding with a robust bounce in the stock market.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9.30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+3.26%</td>
<td>$56,875.23</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.62%</td>
<td>$2,342.38</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+6.59%</td>
<td>$0.1029</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin ascended to a high of 57,884 by evening, before profit-taking pulled it back to the $56,000 region. The digital coin regained its losses from Friday&#8217;s sharp fall, which took it below $53,000.
Ethereum's rally was subdued in comparison, as the world's second-largest cryptocurrency failed to move above $2,400.
More than $128 million was liquidated from the cryptocurrency market in the last 24 hours, with short liquidations accounting for 72%.&nbsp;
Bitcoin's Open Interest soared 3.28% in the past 24 hours. A jump in OI, coinciding with a jump in price, indicated an influx of fresh money into the derivatives market.
The market's sentiment remained in "Fear" category, according to the Cryptocurrency Fear &amp; Greed Index, implying significant FUD in the market.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:30 p.m. EDT)</td>
</tr>
<tr>
<td>Fantom (FTM)</td>
<td>+15.13%</td>
<td>$0.4849</td>
</tr>
<tr>
<td>Aave (AAVE)</td>
<td>+10.55%</td>
<td>$138.91</td>
</tr>
<tr>
<td>DOGS (DOGS)</td>
<td>+10.28%</td>
<td>$0.001085</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market stood at $2.01 trillion, following a jump of 2.80% in the last 24 hours.
Stocks staged a sharp recovery following last week's meltdown. The Dow Jones Industrial Average rose 484.18 points, or 1.20%, to close at 40,829.59. The S&amp;P 500 jumped 1.16% to end at 5,471.05, while the tech-heavy&nbsp; Nasdaq Composite also gained 1.16% to finish at 16,884.60.
Gains made by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) helped power the rebound. The AI behemoth rallied 3.54%, erasing some of the losses from last week.
Investors awaited the release of August's consumer and producer price index reports, slated for later in the week, to gather more cues on the interest rate cut decision at the FOMC meeting next week.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: According to popular cryptocurrency analytics firm Santiment, sentiment for Bitcoin continued to be negative despite the latest uptick.
The leading cryptocurrency's Friday dip led to a jump in shorts, and liquidations spurred a mini rally.
"Trader FUD and doubt in this rally will only fuel prices higher," Santiment remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4c8; Bitcoin&#39;s market value is finally rallying, making it as high as $57.6K Monday and +4.8% in the past 24 hours. On major exchanges like Binance &amp; Bitmex, Bitcoin has been heavily shorted since Saturday. Trader FUD and doubt in this rally will only fuel prices higher. <a href="https://t.co/1uY1AaQBLx">pic.twitter.com/1uY1AaQBLx</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1833283273235304483?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency analyst Rekt Capital used historical data to forecast when Bitcoin will hit its next bull market peak.
Combining the time taken by King Crypto after halving to peak in the last two cycles of 2015-17 and 2019-21, the analyst predicted a peak around 518-546 days from the halving in the current cycle, which would be around mid-September or mid-October 2025.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> In the 2015-2017 cycle, Bitcoin peaked 518 days after the Halving In the 2019-2021 cycle, Bitcoin peaked 546 days after the Halving If history repeats and the next Bull Market peak occurs 518-546 days after the Halving&#8230; That would mean Bitcoin could peak in this cycle… <a href="https://t.co/HBF179wJXl">pic.twitter.com/HBF179wJXl</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1833257390944248038?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40784782/biden-and-trump-debate-had-0-mention-of-bitcoin-what-are-the-odds-kamala-harris-and-ex-pre">Biden And Trump Debate Had 0 Mention Of Bitcoin, What Are The Odds Kamala Harris And Ex-President Will End Up Discussing Crypto?</a></li>
</ul>

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

Cryptocurrency

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Mirror Stock Rebound; Analyst Predicts When King Crypto Will Peak In The Current Cycle

Sen. Bernie Sanders (I-Vt.) recently shared his thoughts on the state of healthcare in the United States, highlighting the disparity in outcomes between those with means and those without.
What Happened: On Tuesday, Senator Sanders took to X to voice his concerns about the high cost of medical care in the U.S. and the financial burden it places on patients.
He said, &#8220;If you&#8217;re rich in America, the odds are you&#8217;ll live as long as people in other developed countries.&#8221; However, conversely, if you&#8217;re poor &#8220;you&#8217;ll live 10 or 15 years less.&#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">If you&#39;re rich in America, the odds are you&#39;ll live as long as people in other developed countries. If you&#39;re poor, you&#39;ll live 10 or 15 years less. Anybody else see a problem with that? <a href="https://t.co/KGodx0ZNFg">pic.twitter.com/KGodx0ZNFg</a>
&mdash; Bernie Sanders (@SenSanders) <a href="https://twitter.com/SenSanders/status/1833265671108759908?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/09/40767879/veteran-pollster-weighs-in-on-new-trump-vs-harris-poll-that-shows-ex-president-closing-in-if-you-sup?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Veteran Pollster Weighs In On New Trump Vs. Harris Poll That Shows Ex-President Closing In: &#8216;If You Support Policies That 60% Of The Country Opposes…You&#8217;re Asking For Trouble&#8217;</a>
The Vermont senator shared a video in which he addressed the issue. He said when asked about the status of the current healthcare system most people without exception say that &#8220;our healthcare system today is broken.&#8221;
He said, &#8220;When people say that they are right.&#8221; Sanders added, &#8220;In America today we spend twice as much per person on healthcare as do the people of any other country.&#8221; However, he noted that the U.S. outcomes were worse in comparison.
&#8220;Our life expectancy is way down behind many other countries and really obscenely the life expectancy in the United States between the people on top and working-class people is 10-12 years.&#8221;
Why It Matters: Sanders&#8217; views come in the wake of ongoing discussions about healthcare reform in the U.S. His comments on drug pricing are particularly relevant given his previous criticisms of companies like Biogen and Bristol-Myers Squibb for their high drug prices. <a href="https://www.benzinga.com/news/24/07/39784920/bernie-sanders-getting-sick-in-america-should-not-mean-going-bankrupt-losing-your-home-car-or-life-s">Sanders has previously stated</a> that &#8220;getting sick in America should not mean going bankrupt, losing your home, car, or life savings.&#8221;
Furthermore, Sanders&#8217; comments on the upcoming elections highlight his belief that the choice is clear for voters who want to see a change in the current healthcare system. <a href="https://www.benzinga.com/general/politics/24/08/40448543/bernie-sanders-trump-just-wants-to-give-billionaires-another-tax-break-this-november-the-choice-">He has previously criticized</a> policies that favor billionaires over the average citizen.
Image via Shutterstock
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</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>

Health Care

General

Bernie Sanders Says If You're Poor In America You'll Live 10-15 Years Less: 'Anybody Else See A Problem With That?'

Kentucky is experiencing a surge in interest from businesses aiming to get into its nascent medical cannabis industry, with nearly 5,000 license applications submitted to the Office of <a href="https://www.benzinga.com/topic/medical-cannabis">Medical Cannabis. </a>
A significant 88% of these applications arrived in the final four days before the August 31 deadline, Governor Andy Beshear announced during a press conference on September 5,<a href="https://www.kentuckytoday.com/news/kentucky-receives-nearly-5-000-applications-for-medical-cannabis-business-licenses/article_a5a04460-6eab-11ef-a4a7-efd2da0f2c7e.html"> according</a> to Kentucky Today.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40660012/10-years-ago-alcohol-was-banned-in-kentucky-now-theyre-voting-to-legalize-cannabis">10 Years Ago, Alcohol Was Banned In Kentucky, Now They&#8217;re Voting To Legalize Cannabis</a>
"Today, the results are clear," said Beshear. "There is incredible, if not overwhelming interest, especially among Kentuckians. That's proof that the program is going to meet its goals. We are just going to have some challenges getting through those total number of applications, doing it right, ensuring that the process is fair, getting through the lotteries and then getting up and running."
Of the 4,998 total applications, 4,076 came from dispensaries, 584 from cultivators, 333 from processors, and five from safety compliance facilities.
<h3 class="wp-block-heading">Staffing Expanded To Meet Demand</h3>
In response to the <a href="https://www.benzinga.com/markets/cannabis/24/07/39993416/kentuckys-medical-marijuana-licensing-process-off-to-a-slow-start-despite-lots-of-interest-heres">overwhelming number of applications</a>, Beshear noted that staffing at the Office of Medical Cannabis has been significantly expanded. 
Initially, nine staff members were assigned to review applications, but that number has since grown to 29, with plans to add 20 more employees. This expansion is designed to ensure that the application process remains thorough and equitable.
"Despite the last-minute influx of applications, the Office of Medical Cannabis is currently reviewing these applications, and we remain on track to issue these licenses in 2024," Beshear said.
<h3 class="wp-block-heading">Concerns Over ‘Application Stacking' Addressed</h3>
When questioned about the potential for "application stacking," where companies might submit multiple applications under different names to increase their chances in the lottery, Beshear replied: "It's hard to identify yet whether it's happened, how much it's happened, because so many applications came in right at the end, a big flood of them, but I do believe that the system is set up and we're bringing in extra people to prevent that from happening-"
The governor also said that the state is preparing to hold its first lottery for license distribution, with plans to announce a date in the coming weeks. 
Processors and cultivators&#8217; lotteries will be held before dispensaries. Kentucky has capped the number of initial licenses at 16 cultivators, 10 processors and 48 dispensaries.
<h3 class="wp-block-heading">Local Governments Given Opt-Out Option</h3>
Although medical cannabis will become legal in Kentucky starting January 1, 2025, local governments have until December 31, 2024, to decide whether to allow cannabis businesses to operate within their jurisdictions.
Local authorities can either adopt specific zoning regulations, opt out of the program entirely, or put the issue to a vote. If no action is taken, the locality will be automatically included in the state program.
At the moment, 17 counties and 31 cities have opted out of allowing medical cannabis businesses, according to a Kentucky Association of Counties newsletter.
Additionally, voters in 51 counties and 50 cities will have the opportunity to decide the fate of cannabis business operations in their areas through ballot measures this coming November.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39828910/kentucky-gov-andy-beshear-to-dea-reschedule-cannabis-marijuana-products-will-reduce-suffering">Kentucky Gov Andy Beshear To DEA: Reschedule Cannabis &#8216;Marijuana Products Will Reduce Suffering&#8217;</a></li>
</ul>
Cover image made with AI.

Retail Sales

Kentucky's Massive Cannabis Licensing Response: 5,000 Applications Filed Before Deadline

Australia is set to introduce new legislation aimed at banning children from using popular social media platforms like Elon Musk&#8217;s X, Mark Zuckerberg&#8216;s Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)-owned Instagram and Facebook, and Bytedance&#8216;s TikTok. The move is driven by growing concerns over the potential health risks associated with <a href="https://www.benzinga.com/news/24/06/39562479/australian-pm-slams-meta-as-arrogant-and-irresponsible-urges-payment-to-news-outlets-they-should-ful">social media use among minors</a>.
What Happened: Australia announced plans on Tuesday to introduce a law this year to prohibit children from using social media platforms, citing potential health risks, reported Reuters.
Australian Prime Minister Anthony Albanese stated that his center-left government will initiate an age verification trial in the upcoming months. Albanese emphasized the importance of children engaging in real-world activities over virtual interactions, as he believes social media contributes to social harm.
Albanese mentioned that the age limits for the proposed ban are still under consideration, specifically targeting the range between 14 and 16 years old. He expressed concerns over cyberbullying and the ease with which children can access harmful content online.
This initiative follows a request in July by Australia&#8217;s eSafety regulator for internet companies to create an enforceable code to prevent children from viewing inappropriate material. Failure to comply could result in the imposition of a mandatory code.
Albanese acknowledged the global nature of the issue, noting that various countries are grappling with similar challenges. He remarked, &#8220;This is a global issue that governments around the globe are trying to deal with &#8230; we know that it&#8217;s not simple and it&#8217;s not easy, otherwise governments would have responded before.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40767067/another-retailer-takes-chapter-11-route-big-lots-files-for-bankruptcy-and-agrees-to-sell-assets-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Another Retailer Takes Chapter 11 Route: Big Lots Files For Bankruptcy And Agrees To Sell Assets To Nexus Capital As Economic Pressures Mount</a>
Why It Matters: The proposed ban on children using social media in Australia comes amid increasing scrutiny of social media platforms. In June, Prime Minister Albanese criticized Meta Platforms Inc. for its &#8220;arrogant and irresponsible&#8221; behavior, urging the <a href="https://www.benzinga.com/news/24/06/39562479/australian-pm-slams-meta-as-arrogant-and-irresponsible-urges-payment-to-news-outlets-they-should-ful">company to continue paying local media</a> organizations for their content. 
This criticism followed Meta&#8217;s warning that it <a href="https://www.benzinga.com/markets/equities/24/06/39542628/mark-zuckerbergs-meta-warns-it-may-block-news-content-in-australia-if-asked-to-pay-licensing-fee">might block news content</a> in Australia if forced to pay licensing fees.
Earlier in June, Musk&#8217;s X, formerly known as Twitter, won a <a href="https://www.benzinga.com/news/24/06/39184541/elon-musk-says-freedom-of-speech-is-worth-fighting-for-after-australia-drops-legal-battle-against-x">legal battle against the Australian government</a>, which had sought to remove footage of a church stabbing in Sydney. Musk emphasized the importance of &#8220;freedom of speech&#8221; following the case&#8217;s dismissal.
In May, the Australian government <a href="https://www.benzinga.com/government/24/05/38751844/australia-calls-for-inquiry-into-metas-facebook-elon-musks-x-tiktok-to-make-these-platforms-accounta">announced a parliamentary inquiry</a> into the operations of major social media platforms, including Meta&#8217;s Facebook, Musk&#8217;s X, and TikTok, aiming to hold these platforms accountable for their decisions.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40758803/did-a-potential-stock-sale-by-elon-musk-lead-to-fall-in-tesla-shares-top-analyst-sa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Did A Potential Stock Sale By Elon Musk Lead To Fall In Tesla Shares? Top Analyst Says It Could Instead Be Because Of Broader Selloff In AI Stocks</a></li>
</ul>
Image via Unsplash
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>

After Feud With Elon Musk And Mark Zuckerberg, Australian PM Anthony Albanese Set To Ban Social Media For Children, Citing Health Concerns

Bettors on the decentralized prediction platform Polymarket expected few mentions of cryptocurrencies and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in the hotly anticipated presidential debate between Donald Trump and Kamala Harris.
What happened: The odds of Republican hopeful Trump uttering the words <a href="https://polymarket.com/event/what-will-trump-say-at-the-debate?tid=1725929375654">stood </a>at 14% as of this writing, significantly down from 23% seen on Sunday.&nbsp;
Wagers worth more than $129,000 were placed on the probability of the occurrence, higher than some of the other burning topics like abortion and border security.
The odds of Harris mentioning cryptocurrency and Bitcoin was at 10%, a decline from 14% seen during the weekend.
Trump continued to lead Harris in presidency betting odds, with bettors expecting a 52% chance of the Republican winning the race for the White House.
Polymarket, built atop Ethereum&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) Layer-2 chain, Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>), has emerged as one of the world's top prediction markets for U.S. elections in the last few months. The novel initiative allows users to bet on major global events using cryptocurrencies.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40766075/peter-schiff-will-accept-he-was-wrong-about-bitcoin-if-restaurants-begin-to-show-prices-in">Peter Schiff Will Accept He Was Wrong About Bitcoin If Restaurants Begin To Show Prices In Satoshis Among Other Things</a>
Why It Matters: The upcoming debate will be the second of this election cycle and the first between Trump and Harris, who replaced incumbent Joe Biden <a href="https://www.benzinga.com/general/politics/24/07/39874057/biden-drops-out-of-2024-race-in-bombshell-announcement-it-has-been-the-greatest-honor-of-my-life">following his withdrawal</a> from the race after the first presidential debate.
Notably, the last debate between Biden and Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39540605/bitcoin-fails-to-get-a-mention-in-the-fiery-trump-biden-presidential-debate-coins-themed-a">saw no mentions</a> of cryptocurrency or Bitcoin. 
The outcome of the election was <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40778409/donald-trump-winning-the-election-could-propel-bitcoin-to-90k-but-a-kamala-harris-win-coul">expected to have serious implications</a> for Bitcoin's price, according to a Bernstein report.
A Trump victory could propel Bitcoin to new heights, potentially reaching $80,000 to $90,000 by the end of Q4, the report said, citing the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40778409/donald-trump-winning-the-election-could-propel-bitcoin-to-90k-but-a-kamala-harris-win-coul">former president's vocal support </a>for the asset class.
On the contrary, a Harris presidency could witness the leading cryptocurrency dropping to the&nbsp; $30,000 to $40,000 range. The analysis identified the absence of cryptocurrency mentions in the Vice President&#8217;s speeches and policy pronouncements as a contributing cause to the uncertainty.
While Harris has not shown her stance on cryptocurrencies, her campaign team <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40699678/trump-campaign-more-explicit-in-embracing-crypto-says-coinbases-legal-head-but-encouraged-">has tried to engage with top industry names</a> like Coinbase and also <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40752278/ripple-co-founder-backs-kamala-harris-while-crypto-regulatory-debates-continue">earned the support</a> of Ripple co-founder Chris Larsen.
Photo Courtesy: Shutterstock.com
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>

$MATIC

Biden And Trump Debate Had 0 Mention Of Bitcoin, What Are The Odds Kamala Harris And Ex-President Will End Up Discussing Crypto?

On Monday, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) released its <a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">latest smartphone series</a> along with some other next-generation products during its &#8220;Glowtime&#8221; event. However, Tesla and SpaceX CEO Elon Musk found the hardware upgrades of the iPhone 16 lackluster.
What Happened:&nbsp;When a user on X, formerly Twitter, commented on the iPhone 16 stating that it was essentially the same phone with just two new buttons and a new color, Musk responded sarcastically, &#8220;For only $50B in R&amp;D, what a bargain!&#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">For only $50B in R&amp;D, what a bargain! &#x1f602;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1833217867384324475?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40767860/mark-cuban-praises-elon-musks-ai-chatbot-grok-for-answering-kamala-harris-pov-on-immigration-i-think?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Praises Elon Musk&#8217;s AI Chatbot Grok For Answering Kamala Harris&#8217; POV On Immigration: &#8216;I Think It&#8217;s Accurate&#8217;</a>
In a separate post, a user&nbsp;posted a meme based on the famous &#8220;Spider-Man pointing at Spider-Man&#8221; scene, featuring different iPhone models, implying their similarities despite being different models. 
Musk commented on the post saying, &#8220;It's hard to tell the&nbsp;difference without looking closely.&#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">It's hard to tell the difference without looking closely
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1833217562244747460?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</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 Matters: This isn&#8217;t the first time Musk has expressed skepticism about the incremental upgrades in Apple&#8217;s iPhone series. 
In September 2023, the tech billionaire admitted his <a href="https://www.benzinga.com/news/23/09/34344610/elon-musk-doesnt-know-how-his-current-iphone-is-better-than-prior-versions-netizens-compare-it-with">uncertainty about discerning</a> the distinction between his current smartphone by&nbsp;Apple and previous iPhone versions.
&#8220;I'm not entirely clear on the differences between my current iPhone and the prior versions. Camera is 10% better,&#8221; he stated at the time. His statement sparked a discussion on the iPhone&#8217;s comparison with Android devices to Tesla&#8217;s product lineup.
However, later that month, Musk praised the iPhone 15&#8217;s photo capabilities and <a href="https://www.benzinga.com/news/23/09/34835034/tesla-ceo-elon-musk-is-so-impressed-by-apples-iphone-15-photos-that-he-tells-tim-cook-im-buying-one">expressed his intention to buy one</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40758859/apple-launched-ipod-nano-19-years-ago-if-you-invested-1000-in-apple-stock-when-steve-jobs-reveal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Launched iPod Nano 19 Years Ago: If You Invested $1000 In Apple Stock When Steve Jobs Revealed His Vision For Music, Here&#8217;s How Much You&#8217;d Have</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elon Musk Liked The Camera On iPhone 15, But iPhone 16 Doesn't Get Much Love From The Techno King: Here's What He Said

Former President Donald Trump is currently leading Vice President Kamala Harris by a slim margin in Florida, his home state, according to a recent poll. This development suggests a close contest in the forthcoming November elections.
What Happened: A Morning Consult poll released on Monday shows Trump leading Harris by a mere two points, with 49% support to Harris&#8217;s 47% in Florida. The poll&#8217;s margin of error is plus or minus two points, <a href="https://thehill.com/homenews/campaign/4870702-florida-trump-harris-poll/">reported</a> The Hill.
Earlier polls indicated a slightly larger lead for Trump. The Hill/Decision Desk HQ&#8217;s average had Trump ahead of Harris by 3.3 percentage points, while a poll by The Hill and Emerson College last week showed Trump leading by 5 points in Florida.
See Also: <a href="https://www.benzinga.com/news/24/09/40758404/trump-vs-harris-latest-poll-shows-the-two-presidential-candidates-are-neck-and-neck-in-these-two-sta?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Latest Poll Shows The Two Presidential Candidates Are Neck And Neck In These Two States</a>
In the state&#8217;s Senate race, incumbent Sen. Rick Scott (R) is leading former Rep. Debbie Mucarsel-Powell (D) by 5 points, according to The Hill/Decision Desk HQ&#8217;s average.
The latest poll data indicates a tightening race in Florida, a state traditionally dominated by Republicans in recent elections. The Harris campaign has recently focused on reproductive rights as Florida prepares to vote on Amendment 4, which would enshrine abortion rights into the state&#8217;s constitution.
Why It Matters: The recent polls reflect a nail-biting presidential race, with <a href="https://www.benzinga.com/news/24/09/40764622/harris-vs-trump-a-nail-biting-presidential-race-see-which-candidate-is-gaining-the-upper-hand">Harris and Trump nearly tied</a> in key polls. This sets the stage for a riveting presidential debate, one of the <a href="https://www.benzinga.com/general/politics/24/09/40782598/harris-vs-trump-how-to-watch-2024-presidential-debate-rule-disputes-and-key-topics-for-voters">biggest events of the election cycle</a>, with less than two months until the 2024 presidential election. 
The debate is set to air at 9 p.m. ET Tuesday and will be hosted by ABC News Live anchor Linsey Davis and World News Tonight anchor David Muir.
Photo Courtesy: Shutterstock.com
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Kamala Harris Closes Gap With Trump In Florida; Ex-President Now Leads VP By Just 2 Points On Home Turf, Poll Shows

In a recent development, GOP vice presidential nominee Sen. JD Vance (Ohio) has been echoing a discredited claim about Haitian immigrants in Springfield, Ohio. The senator alleged that these immigrants are abducting and eating pets, a claim that has been reportedly debunked, as reported by <a href="https://thehill.com/homenews/campaign/4869901-vance-haitians-eating-pets-ohio-trump/">The Hill</a>.
What Happened: Vance made these allegations in a post on a social platform, referencing a discredited social media post. He also shared a video of himself reading a letter from Springfield city manager Bryan Heck at a July Senate Banking, Housing and Urban Affairs Committee hearing. The letter discussed the city&#8217;s challenges in providing housing for a growing Haitian immigrant population, reported The Hill.
However, both the Springfield Police Division and Heck have denied any incidents of pets being stolen or eaten. Heck stated that these false allegations are distracting from the real issues faced by Springfield, such as housing shortages and an overwhelmed healthcare system.
The false claims were also shared by national figures including Charlie Kirk and Elon Musk over the weekend. The accusations have been widely circulated on right-wing social media, with Sen. Ted Cruz (R-Texas) and the House Judiciary Committee Republicans X account also posting related content.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="597" height="702" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09211514/Screenshot-2024-09-10-at-10.10.55.png" alt="" class="wp-image-538562" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09211514/Screenshot-2024-09-10-at-10.10.55.png 597w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09211514/Screenshot-2024-09-10-at-10.10.55-255x300.png 255w" sizes="(max-width: 597px) 100vw, 597px" /></figure>
Musk shared a video of Harris saying that the Biden administration gave Temporary Protected Status to Haitians. She said initially 55,000 migrants were given this status and it was extended to over 100,000 later because they needed support and protection. 
The SpaceX and Tesla CEO said on X, &#8220;Vote for Kamala if you want this to happen to your neighborhood!&#8221; Musk&#8217;s comments were in response to a post claiming that 20,000 non-citizen Haitians had destroyed a town in Ohio and had &#8216;reportedly&#8217; killed and eaten people&#8217;s pets.
Springfield police were cited as saying there are 12,000 to 15,000 people from Haiti living in the city by the report.
See Also: <a href="https://www.benzinga.com/news/24/09/40764734/mary-trump-donald-trump-could-be-incredibly-dangerous-why-muted-mic-wont-be-advantage-for-ex-preside?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mary Trump: Donald Trump Could Be &#8216;Incredibly Dangerous&#8217;: Why Muted Mic Won&#8217;t Be Advantage For Ex-President At Tuesday Debate</a>
Why It Matters: This isn&#8217;t the first time that JD Vance has made controversial claims. In August, Vance made a claim about <a href="https://www.benzinga.com/markets/cannabis/24/08/40438757/jd-vance-says-theres-fentanyl-in-marijuana-teenagers-are-using-trump-running-mate-raises-eyebrow">fentanyl-laced marijuana</a> and accused Harris of allowing cartels to <a href="https://www.benzinga.com/markets/cannabis/24/09/40764643/jd-vance-accuses-kamala-harris-of-allowing-cartels-to-sex-traffic-minors-citing-thousands-of-mis">sex traffic minors</a>.
Meanwhile, Musk, who recently voiced his support for Trump, has also shared these false claims. Musk <a href="https://www.benzinga.com/news/24/08/40329702/elon-musk-who-once-queued-for-6-hours-to-shake-obamas-hand-explains-why-hes-now-supporting-trump-my">voiced support for Trump</a> recently. Later this month, Trump announced plans to <a href="https://www.benzinga.com/government/24/09/40739165/trump-plans-to-appoint-elon-musk-to-government-efficiency-commission-if-elected-tesla-ceo-says-hell">appoint Musk to a government efficiency commission</a> if elected.
Photo Courtesy: Shutterstock
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</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>

JD Vance Reportedly Falsely Accused Haitians Of Abducting And Eating Pets: Elon Musk Says Vote For Kamala Harris If You Want That In Your Neighborhood

A tentative labor agreement between Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and one of its largest unions has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40779678/boeings-tentative-union-deal-and-starliner-return-boost-sentiment-but-analyst-remai">left many workers dissatisfied</a>, ahead of the crucial vote.
What Happened: The International Association of Machinists and Aerospace Workers, representing over 32,000 employees in the Pacific Northwest, announced the deal with Boeing on Sunday, reported Reuters. The announcement boosted Boeing&#8217;s shares on Monday.
Jon Holden, president of IAM&#8217;s district 751 and lead negotiator, stated that workers are upset, hoping for higher wage increases and better pensions. The union members are set to vote on the deal on Thursday, with the possibility of a strike looming.
&#8220;They&#8217;re angry,&#8221; Holden said according to the report, expressing his belief that it was the best deal the union could secure through negotiations.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40769921/palantir-stock-soars-in-monday-premarket-whats-driving-the-surge?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir Stock Soars In Monday Premarket: What&#8217;s Driving The Surge?</a>
The proposed four-year contract includes a 25% general wage increase and a commitment from Boeing to build its next commercial airplane in Seattle, provided the program launches within the contract period.
Holden mentioned that many members were expecting a 40% pay rise and the reinstatement of the defined-benefit pension plan lost a decade ago. If the deal is rejected and a strike ensues, it could challenge new Boeing CEO Kelly Ortberg, according to the report, who recently took office with a mandate to improve safety and production of the 737 MAX.
Why It Matters: The tentative agreement comes at a critical time for Boeing Co., which has been navigating several challenges. On Monday, Boeing shares rose nearly 3% in pre-market trading following the announcement of the preliminary agreement, potentially averting a <a href="https://www.benzinga.com/news/24/09/40768691/boeing-shares-rise-nearly-3-in-pre-market-after-tentative-deal-with-workers-union-to-avert-september">strike that could disrupt operations</a>.
However, the company has been facing financial hurdles. Last week, Wells Fargo suggested that Boeing might need to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40698064/boeings-cash-flow-goal-may-be-pushed-back-wells-fargo-says-while-lowering-outlook">delay its annual free cash flow target</a> of $10 billion by two years to 2027-'28 and come up with $30 billion before it can start designing a new aircraft. This led to a downgrade of Boeing&#8217;s stock from Equal-Weight to Underweight. 
Safety concerns have also been a significant issue for Boeing. A recent survey revealed that travelers are increasingly considering the <a href="https://www.benzinga.com/news/24/09/40673884/boeing-safety-fears-prompt-travelers-to-double-check-aircraft-details-before-booking-study">type of aircraft</a> before booking flights due to growing concerns about aircraft safety.
Price Action: Boeing closed at $162.91 on Monday, up 3.36% for the day. After-hours trading, the stock dipped slightly by 0.0061%. Year to date, Boeing has declined by 35.29%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40767067/another-retailer-takes-chapter-11-route-big-lots-files-for-bankruptcy-and-agrees-to-sell-assets-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Another Retailer Takes Chapter 11 Route: Big Lots Files For Bankruptcy And Agrees To Sell Assets To Nexus Capital As Economic Pressures Mount</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>

Boeing Labor Deal Sparks Anger Among Union Workers Ahead Of Crucial Vote: 'They're Angry'

IAS, RDDT among major communication services gainers; AENT, KUKE among losers

CCG, KUKE among major communication services gainers; AMC, SBGI among losers

Kuke Music announces purchase terms with Naxos One

Kuke Music Holding (KUKE) has released an update. Kuke Music Holdings Limited, China's premier classical music service platform, has announced its ...

Kuke Music Aims to Acquire Naxos Subsidiaries

ARCT, BITF and FRE are among premarket gainers

KUKE, FENG among major communication services gainers; CCG, MSGM among losers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
June may not be the first month you consider when you plan to invest, but this isn&rsquo;t a month that should be overlooked. June is an ideal time to look for A-rated <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to diversify your portfolio and lead to some potentially lucrative returns.



Penny stocks are shares of companies with stock valued under $5. It&rsquo;s appealing to investors since they can acquire a significant stake in a company with a small investment.



However, not all penny stocks are created equal, and the risks associated with them can be substantial. This is where A-rated penny stocks come into play.



A-rated penny stocks get their rankings from the Portfolio Grader, which assigns stocks a letter grade based on earnings performance, growth, analyst sentiment and buying momentum. By keeping your eye on A-rated penny stocks, you&rsquo;re assured of getting the best of these low-priced stocks and setting yourself up for a better overall return.



And with June being a popular month for companies to file earnings reports, investors are armed with new information about these companies&rsquo; performance and outlook.



There are seven A-rated penny stocks on today&rsquo;s list, and any of them would be a solid addition to a portfolio while mitigating the risks that are commonly associated with smaller companies.



<h2>Lexaria Bioscience (LEXX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1726134715-300x169.png" alt="Biochemical/biotech research scientist team working with microscope"><div>Source: Mongkolchon Akesin / Shutterstock.com</div></div>Biotech companies can be challenging investments. Bringing a drug to market is no small feat, as it requires millions of dollars in research and development and multiple successful clinical trials before you can even consider seeking regulatory approval and achieve commercialization.



But Lexaria Bioscience (NASDAQ:<a href="https://investorplace.com/stock-quotes/lexx-stock-quote/">LEXX</a>) is an exception to the rule. The company is the creator of DehydraTECH, which is a drug delivery technology that improves the way active drugs enter the bloodstream.



DehydraTECH increases the absorption of the drug into a patient and helps the medication take effect faster. It also reduces the need for sugar-filled tablets, capsules and oral suspensions because it can mask the taste of medications.



Biotechs can incorporate the DehydraTECH platform into any of their oral medications to make them more effective and tolerable for patients.



Any drug delivery system that makes medications more effective and more tolerable to patients is going to be popular in the biotech field.



The DehydraTECH platform increases the absorption of the drug into a patient and helps the medication take effect faster. It also reduces the need for sugar-filled products because it can mask the taste of medications.



At the end of the <a href="https://ir.lexariabioscience.com/financial-information/financial-results">second quarter</a>, Lexaria was in a strong cash position, with $4.7 million on hand. Revenue in the quarter was only $145,000, but that is better than the $20,000 the company received in the second fiscal quarter of 2023. The company reported a loss of $668,000, but its losses are significantly dropping as the company edges toward profitability.



LEXX stock is up 130% this year and gets an &ldquo;A&rdquo; rating in the Portfolio Grader.



<h2>JanOne (JAN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/ibio1600-300x169.jpg" alt="A scientist in medical gear peers through a microscope. IBIO stock"><div>Source: Shutterstock</div></div>JanOne (NASDAQ:<a href="https://investorplace.com/stock-quotes/jan-stock-quote/">JAN</a>) is yet another bioscience company. It is developing nonaddictive treatments for conditions that cause severe pain. Its work is dedicated to helping people manage their pain without getting hooked on a treatment and developing a dependency for a drug, such as opioids.



Its most promising drug in the pipeline is a treatment for peripheral artery disease. The drug candidate has successfully completed Phase 2A trials and is awaiting Phase 2B testing to treat the disease and the pain associated with peripheral artery disease.



In addition, JanOne has a wholly owned subsidiary called <a href="https://ir.janone.com/news-events/press-releases/detail/71/janones-subsidiary-alt5-reports-91-year-over-year">ALT5 Sigma</a>, which is a fintech company that provides next-generation blockchain powered technologies. The company processed $289 million in cryptocurrency transactions in April and May combined, which was a 91% increase from a year ago.



JanOne offers an interesting way to invest in biotech and also play the cryptocurrency space. The stock is up 333% this year and gets an &ldquo;A&rdquo; rating in the Portfolio Grader.



<h2>Ocugen (OCGN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/01/ocgn1600-300x169.png" alt="Person holding smartphone with logo of US biopharmaceutical company Ocugen Inc. (OCGN) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>As a small biotech company headquartered in Pennsylvania, Ocugen (NASDAQ:<a href="https://investorplace.com/stock-quotes/ocgn-stock-quote/">OCGN</a>) is making its mark by developing and commercializing gene and cell therapies.



The company is also getting a nice boost on June 28 when it joins the Russell 3000 index, which measures the performance of the largest 3,000 U.S. companies. Its inclusion means that Ocugen stock will be included in exchange traded funds and products that track the Russell 3000.



Ocugen is working on a breakthrough modifier gene therapy product that might treat multiple retinal diseases with a single product. It also has several products in various phases of testing to treat eye diseases.



Ocugen showed $13.2 million in operating expenses for the first quarter and had $26.4 million of cash on hand. It posted a loss of 5 cents per share versus a loss of 8 cents per share a year ago.



Losses for small biotech companies are to be expected as it takes time and money to bring new therapies to market. But OCGN stock is one of the better penny <a href="https://investorplace.com/industries/healthcare/biotech/">biotech stocks</a> you can buy, as the stock is up 124% so far this year. It gets an &ldquo;A&rdquo; rating in the Portfolio Grader.



<h2>Kuke Music (KUKE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/music_1600-300x169.jpg" alt="A photo of someone writing out music on staff paper with guitars in the background."><div>Source: Kemedo/ShutterStock.com</div></div>Kuke Music (NYSE:<a href="https://investorplace.com/stock-quotes/kuke-stock-quote/">KUKE</a>) is a digital music company in China. The company is a leading provider of classical music licensing, subscriptions and smart education services in China.



The company leverages its diverse content offerings and experience in music education to provide smart music education products, including Kuke smart pianos and Kuke smart teaching systems.



The company is also the organizer of the Beijing Music Festival and is working to get into the AI music field through a <a href="https://finance.yahoo.com/news/kuke-jidou-join-forces-ai-122000084.html">partnership</a> with Shanghai Jidou Science and Technology, which will see Kuke lauch an AI music application through a digital automotive software platform that Jidou develops for more than a dozen automotive companies.



<a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&amp;ref=318325464&amp;type=HTML&amp;cdn=2794ad5ad1fb979a4aae2110f8badbd2&amp;formType=20-F&amp;dateFiled=2024-05-15&amp;cik=0001809158&amp;symbol=0001809158&amp;companyName=">Kuke and its subsidiaries</a> reported revenue in 2023 of 106.9 million Chinese yuan ($14.7 million) and a loss of 65.8 million Chinese yuan. But the AI music partnership provides a path for Kuke to turn those losses into profits.



KUKE stock is up 101% this year and gets an &ldquo;A&rdquo; rating in the Portfolio Grader.



<h2>Jin Medical (ZJYL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-single-300x169.jpg" alt="A close up photo of a penny. Penny Stocks to Buy"><div>Source: Shutterstock</div></div>Jin Medical (NASDAQ:<a href="https://investorplace.com/stock-quotes/zjyl-stock-quote/">ZJYL</a>) is another Chinese penny stock. The company makes and sells wheelchairs and other products for the elderly and those with disabilities.



The company operates two manufacturing plants with approximately 228,257 square feet in the aggregate in Changzhou City and Taizhou City, Jiangsu Province, China. And it has relationships with more than 40 distributors in China and distributors in 20 other regions.



The majority of the company&rsquo;s wheelchair products, which includes 30 models, are sold in China and Japan.



As a Chinese company, Jin doesn&rsquo;t report its financials as often as those based in the U.S. But its <a href="https://ir.zhjmedical.com/se%D1%81filings">most current financial report</a> for the 2023 fiscal year (ending Sept. 30, 2023), included revenue of $19.8 million, up 3% from a year ago. 



Profits of $6.7 million were up 9.5% from the 2022 fiscal year, and total net income of $2.87 million was a 6.3% improvement from the previous year.



ZJYL stock, which had its initial public offering only a year ago, is having a rough 2024. The company performed a <a href="https://investorplace.com/2024/02/why-is-jin-medical-international-zjyl-stock-moving-today/">20-for-1 stock split,</a> which brought the stock price down from $217 to roughly $13.50. However, the stock has been slipping ever since, and is down in penny stock territory.



However, I&rsquo;m expecting a rebound based on the company&rsquo;s financials, and the stock currently maintains its &ldquo;A&rdquo; rating in the Portfolio Grader.



<h2>Caravelle International (CACO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/tech-stocks-1600-300x169.png" alt="A hexagonal grid with different tech-related icons; Tech stocks illustration. Best Tech stocks. tech stocks trading at bargain prices"><div>Source: whiteMocca / Shutterstock</div></div>Caravelle International (NASDAQ:<a href="https://investorplace.com/stock-quotes/caco-stock-quote/">CACO</a>) is a global ocean technology company with headquarters in Singapore. The company has routes to 50 companies and serves more than 100 ports.



Caravelle&rsquo;s innovation lies in its work with shipping and lumber industries. The company invented a patent pending process called CO-Tech, which uses the heat from its ships&rsquo; exhaust to dry wood during transportation.



Caravelle says the process is an improvement from the lumber industry&rsquo;s practice of building and maintaining wood drying facilities and the energy required to heat the wood in those facilities.



Contrast this to the traditional wood desiccation process where lumber companies must build and maintain expensive wood drying facilities, spend money on energy to heat the wood, and emit massive amounts CO2.



The company already has a <a href="http://www.caravelleglobal.com/news-detail.html?newId=1783843089586188289">memorandum of understanding</a> with the government of Gabon to provide dried timber. If it can expand the business model to other governments, Caravelle may have a groundbreaking business on its hands.



CACO stock is up 63% this year, but is still priced at less than $1 per share. It gets an &ldquo;A&rdquo; rating in the Portfolio Grader.



<h2>Eco Wave Power (WAVE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1932365063-300x169.png" alt="Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy"><div>Source: Proxima Studio / Shutterstock.com</div></div>Eco Wave Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/wave-stock-quote/">WAVE</a>) is a clean energy company that develops electricity from the power of ocean waves. 



If you&rsquo;ve ever been caught in a rough surf you know that even those waves can pack a punch, so imagine the power that an ocean wave can provide should we be able to harness that power and turn it into a clean source of electricity.



The company&rsquo;s floaters can be attached to human-made structures to simplify installation and maintenance. The floaters draw energy from incoming waves by converting the rising and falling motion into a clean energy generation process.



The company currently works with customers in Israel, Portugal, Los Angeles and Gibraltar, a British territory. 



While there was no revenue in the first quarter and the company sustained an operating loss of $659,000, management has high hopes that the company&rsquo;s clean energy solution will be a powerful argument for coastal cities.



WAVE stock is up 79% this year and gets an &ldquo;A&rdquo; rating in the Portfolio Grader.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, neither Louis&nbsp;Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/market360/2024/06/7-a-rated-penny-stocks-to-beat-june-gloom/">7 A-Rated Penny Stocks to Beat June Gloom</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 A-Rated Penny Stocks to Beat June Gloom

Kuke Music Holding (KUKE) has released an update. Kuke Music Holding Limited, a prominent classical music service platform in China, has entered a ...

Kuke Music Holding Secures New Financing Deal

Kuke Music Holding (KUKE) has released an update. Kuke Music Holding Limited has announced an offering through a prospectus, which includes convert...

Kuke Music Holding Unveils New Investment Opportunities

Kuke Music Holding (KUKE) has released an update. Kuke Music Holding, a prominent classical music service platform in China, has announced its Annu...

Gain an Edge Using Pro's Market Moving News Breaks — 50% OFF

Gain an Edge Using Pro's Market Moving News Breaks — 50% OFF

Comments

Kuke Music Hldg

Kuke Music Hldg (KUKE) Forecast

Kuke Music Hldg (NYSE:KUKE) Stock, Quote.Headers.trade-ideas