Li-Cycle Holdings (NYSE:LICY) Stock, Quote.Headers.trade-ideas

Li-Cycle Holdings

Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and lithium-ion battery recycler. The company's proprietary process Spoke and Hub recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce black mass and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate, and nickel sulphate.

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Li-Cycle and DTNA partner to recycle batteries and reduce carbon footprint. Part of DTNA&#39;s sustainability strategy. LICY shares down 6.96%.

EXCLUSIVE: Li-Cycle Partners with Daimler for Lithium-ion Battery Recycling for Electric Trucks

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Li-Cycle Holdings said as part of its cash preservation plan, the company will reduce its workforce at the corporate level. Li-Cycle expects to reduce approximately 60 positions, representing approximately 17% of the company&#39;s global workforce.

What&#39;s Going On With Lithium-Ion Battery Company Li-Cycle Shares Today?

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Shares of  Landos Biopharma, Inc. (NASDAQ: LABP) rose sharply during Monday’s session following acquisition news.

Why Landos Biopharma Shares Are Trading Higher By Over 170%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

Li-Cycle Holdings Corp

This marks the first co-developed NGS-based CDx for lung cancer approved by NMPA since the release of the CDx guideline in China. The approval of this CDx test is the result of the simultaneous development of Burning Rock&#39;s independently developed LungCure CDx (a kit for the combined detection of 9 human gene mutations) and Dizal&#39;s innovative EGFR exon20ins targeted therapy - sunvozertinib, providing an innovative precision treatment solution for non-small cell lung cancer patients with EGFR exon20ins.

Health Care

Reported Earlier, Burning Rock and Dizal Secure NMPA Approval For NGS-Based Companion Diagnostic For Lung Cancer In China

Justin Sun, the founder of the Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) network, has been elected as the Prime Minister of Liberland, a so-called micronation with an economy built around cryptocurrencies and blockchains.
What Happened: Sun was <a href="https://liberland.org/news/598-liberland-congress-election-results">nominated </a>by President Vít Jedlička to serve as the acting PM&nbsp;after the cryptocurrency entrepreneur was declared the winner of a blockchain-based election process.
Sun&#8217;s accomplishments in space were recognized by the president&#8217;s office, and the administration hoped that the region&#8217;s blockchain initiatives would get a boost under him.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41284530/trump-widens-lead-over-harris-in-betting-odds-on-prediction-markets-sets-a-new-high-on-cry">Trump Widens Lead Over Harris In Betting Odds On Prediction Markets —Sets A New High On Crypto-Based Polymarket</a>
Sandwiched between Croatia and Serbia on the west bank of the Danube River, Liberland was founded by Czech politician Jedlička, who now serves as the president. Though Liberland says that the 7 km² space it occupies hasn&#8217;t been claimed by either of the two countries, Croatia has <a href="https://liberland.org/news/522-liberland-responds-to-croatian-foreign-ministry">deemed </a>it a &#8220;fictitious project&#8221; and contrary to international law. 
As of this writing, there has been no diplomatic recognition of Liberland by any member nation-state of the&nbsp;United Nations.
A so-called libertarian utopia, the region&#8217;s entire governance and legislation is managed on-chain, while the Liberland dollar (LLD) acts as the operational token of the blockchain.
The recent elections were conducted using a blockchain-based system, which, according to Liberland, ensures transparency and removes any doubts about election results. The micronation aims to set an example for other countries still using traditional election methods.
Why It Matters: Justin Sun&#8217;s election as Prime Minister of Liberland comes after a significant setback in his career. In April last year, <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31614541/grenada-takes-a-stand-tron-blockchain-founder-justin-sun-loses-wto-rep-role-amid-sec-lawsu">Sun lost his role as the Ambassador of Grenada</a> to the World Trade Organization (WTO) following an SEC lawsuit against him. He has served in this role since November 2021 and led Grenada&#8217;s delegation at the 12th Ministerial Conference.
Interestingly. he continues to use the initials H.E. (&#8220;His Excellency&#8221;) before his name on his official X account.&nbsp;
Price Action: At the time of writing, TRX, Tron&#8217;s native currency was trading at $0.1587, broadly unchanged in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.  
Photo Courtesy: Wikimedia Commons
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Tron Founder Justin Sun Appointed 'Prime Minister' Of A Crypto-Focused Micronation In Europe

The shares are expected to begin trading on the Nasdaq Global Select Market on&nbsp;October 11, 2024&nbsp;under the ticker symbol &quot;CBLL&quot;. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Ceribell, are expected to be approximately&nbsp;$180.3 million, excluding any exercise of the underwriters&#39; option to purchase additional shares. The closing of the offering is expected to occur on&nbsp;October 15, 2024, subject to satisfaction of customary closing conditions.

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CBLL

Reported Earlier, CeriBell Prices $180.3M Upsized Initial Public Offering Of 10,606,060 Common Shares At $17/Share

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Mark Cuban, the influential entrepreneur and investor, recently pointed out the irony in former President Donald Trump&#8217;s criticism of China&#8217;s trade practices, while his endorsed Bibles are printed in the same country.
What Happened: On Thursday, Cuban took to Twitter to highlight the contradiction in Trump&#8217;s actions. He tweeted, &#8220;Trump has long blasted China&#8217;s trade practices. His &#8216;God Bless the USA&#8217; Bibles were printed there.&#8221;
Cuban also shared a story from the Associated Press that claimed Trump&#8217;s &#8220;God Bless the USA&#8221; Bible was printed in China, a nation he has frequently criticized for its economic practices. 
Global trade records revealed that a printing company in Hangzhou shipped nearly 120,000 Bibles to the U.S. between February and March 2024, <a href="https://apnews.com/article/trump-god-bless-usa-bible-china-32a80611605d4052d8238064bbcace4c?utm_source=twitter&amp;utm_medium=share">reported</a> AP News. The Bibles were produced at a cost of under $3 each but were sold for $59.99 or higher, allowing for a significant profit margin. Despite Trump&#8217;s sharp anti-China rhetoric, his decision to manufacture the Bibles there underscores a contradiction between his public statements and business ventures.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump has long blasted China&#39;s trade practices. His &#39;God Bless the USA&#39; Bibles were printed there <a href="https://t.co/FmQ2bsLDhS">https://t.co/FmQ2bsLDhS</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1844095838609641608?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/10/41229905/mark-cuban-says-elon-musk-advertisers-dont-want-to-be-associated-with-explicit-content-on-x-in-the-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says Elon Musk Advertisers &#8216;Don&#8217;t Want To Be Associated&#8217; With Explicit Content On X In The Nam</a>
Critics of the Trump Bible voiced concerns about the fusion of religion and politics, with some calling it a &#8220;toxic mix&#8221; that could fuel Christian nationalism. Tim Wildsmith, a Baptist minister, criticized the Bible&#8217;s poor quality, noting issues like sticky pages and missing copyright information, according to the report.
The Trump campaign did not immediately respond to Benzinga&#8217;s request for comments.
Why It Matters: Trump&#8217;s endorsement of the &#8216;God Bless the USA&#8217; Bibles has been a point of contention. Trump <a href="https://www.benzinga.com/news/24/08/40412973/trump-made-300k-from-bible-endorsement-over-500k-from-a-maga-journey-and-millions-from-book-royaltie">earned</a> $300,000 from endorsing these Bibles. The report also mentioned that Trump made over $500,000 from &#8216;A MAGA Journey&#8217; and millions from book royalties.
Trump&#8217;s endorsement of the Bibles was <a href="https://www.benzinga.com/news/24/03/37949850/liz-cheney-slams-trumps-bible-sale-urges-him-to-read-one-instead-read-the-verse-thou-shalt-not-commi">criticized</a> by Senator Raphael Warnock (D-Ga.) and former Rep. Liz Cheney (R-Wyo.). Warnock, a pastor, stated that &#8220;The Bible does not need Donald Trump&#8217;s endorsement.&#8221; Cheney, on the other hand, suggested that Trump should consider reading the Bible's verse on adultery.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Politics

Mark Cuban Blasts Trump Over Made-In-China Bibles: 'God Bless The USA' Holy Books Printed Abroad

Elon Musk&#8217;s electric vehicle giant&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has unveiled a portless two-seater&nbsp;<a href="https://www.benzinga.com/topic/robotaxi" target="_blank" rel="noreferrer noopener">robotaxi product</a> before Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) could release its long-rumored portless iPhone.
What Happened: On Thursday, <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">Musk introduced the Cybercab</a>, a dedicated robotaxi product featuring eye-catching butterfly doors that open upwards — but the real showstopper wasn&#8217;t just its sleek design or its surprisingly affordable price point of under $30,000.
The absence of a traditional charging port in favor of inductive charging technology marks a significant leap forward in electric vehicle design.
Inductive charging, also known as wireless charging, has been slowly gaining traction in the consumer electronics market for years. Companies like Palm, Nokia, Samsung, and Apple have all contributed to the popularization of this technology in smartphones and wearables.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41221276/apple-supplier-foxconn-to-build-worlds-largest-nvidia-superchip-factory-amid-soaring-ai-demand?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Supplier Foxconn To Build World&#8217;s Largest Nvidia Superchip Factory Amid Soaring AI Demand</a>
However, Tesla&#8217;s decision to implement it in a full-scale vehicle represents a major escalation in its EV adoption.
This move is particularly noteworthy when compared to Apple&#8217;s gradual transition away from physical ports in its devices.
While Apple has made headlines by removing the headphone jack from iPhones and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/05/27157468/apple-could-ditch-lightning-ports-for-usb-c-in-iphone-launching-next-year">adopting USB-C across its product line</a>, the company has yet to produce a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/05/27211705/apple-could-go-with-usb-c-ports-for-magsafe-battery-airpods-and-other-accessories-b">completely portless smartphone</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We're ready for autonomy: – Charging – Cleaning – Fleet <a href="https://t.co/hT94dZrbuW">pic.twitter.com/hT94dZrbuW</a>
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1844579810795782159?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
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Why It&#8217;s Important: Previously, in 2022, analyst Ming-Chi Kuo said that Apple is unlikely to adopt portless technology for its iPhones anytime soon, citing the limitations of current wireless technologies and the underdeveloped state of the MagSafe ecosystem.
Later in the year, tech YouTuber&nbsp;Marques Brownlee&nbsp;said that while Apple plans to comply with the EU&#8217;s USB-C mandate, the tech giant <a href="https://www.benzinga.com/news/22/11/29563913/apple-plans-to-comply-with-eus-usb-c-mandate-but-there-could-be-a-twist-to-the-tale">could introduce wireless technology</a>.
&#8220;They'll comply. But if it (a smartphone) doesn't charge via wired charging at all, then they don't need a USB-C port. The real question is, will MagSafe be advanced enough by then,&#8221; he stated.
Apple eventually transitioned from its proprietary&nbsp;Lightning port&nbsp;to&nbsp;USB-C&nbsp;<a href="https://www.benzinga.com/news/23/09/34501203/apple-iphone-15-series-with-usb-c-tetraprism-camera-announced-check-price-and-availability-details">charging ports for the first time</a> with its iPhone 15 last year, but the rumors of a portless iPhone continue to surface.
Earlier, it was also reported that <a href="https://www.benzinga.com/news/22/05/27127353/could-apples-magsafe-like-charger-make-it-easier-to-charge-your-ev-in-the-future">Apple obtained a patent</a>, suggesting the use of a MagSafe-like charger for its rumored electric car. The patent described a charging station that could move longitudinally, allowing a vehicle to start charging immediately upon parking.
However, in February earlier this year, <a href="https://www.benzinga.com/markets/equities/24/02/37346162/apple-abandons-electric-car-project-to-focus-on-generative-ai">Cupertino scaled back its plans</a> for the Apple Car and decided to halt its electric vehicle development project, known as Titan.
Tesla Robotaxi, Courtesy Tesla
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

AAPL

TSLA

Tesla Pulls An Apple, Drops The Charging Port Before Cupertino Could Remove It From The iPhone

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell by about 2.7% in overnight trading on brokerage firm Robinhood after the company&#8217;s <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">robotaxi unveiling event</a> late on Thursday failed to give investors confidence.
What Happened: Tesla on Thursday unveiled a two-seater Cybercab that can drive itself and a robovan with no pedals that can accommodate about 20 passengers at an event in Los Angeles on Thursday.
The event, however, was thin on details with the company not divulging the cost of the robovan. Musk also said that the smaller Cybercab will join the company&#8217;s autonomous taxi fleet only by 2026. The CEO further remarked that he is often optimistic about timelines, hinting at chances of delay. 
Why It Matters: Tesla investors were hoping the robotaxi unveiling event would give the stock a much-needed boost after the company&#8217;s third-quarter delivery numbers announced earlier this month sent the stock on a downward journey. 
Tesla delivered&nbsp;<a href="https://www.benzinga.com/news/24/10/41141444/tesla-stock-plunges-3-despite-q3-deliveries-exceeding-consensus-and-growing-year-over-year" target="_blank" rel="noreferrer noopener">462,890 vehicles</a>&nbsp;in the third quarter, marking an increase of 6.4% from the corresponding period last year, but below estimates. 
The company has previously said that it expects a lower delivery growth rate this year as compared to the last. However, it has not issued specific delivery guidance for the year.
Some analysts, including Deepwater Asset Management's Managing Partner Gene Munster, had expected Tesla to unveil a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41181089/tesla-robotaxi-event-might-have-3-product-announcements-but-will-likely-be-light-on">cheaper, mass-market EV</a> at the event on Thursday in addition to the robotaxi to ramp delivery numbers in the coming year.
Price Action: At the time of writing, the Tesla stock was down by 2.7% on overnight trading on Robinhood. Year-to-date, Tesla shares are down nearly 4%, after the stock closed down 0.95% at $238.77 on Thursday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo courtesy: Tesla

Tesla Stock Falls Nearly 3% In Overnight Trading On Robinhood After Self-Driving Cybercab Unveil

Cryptocurrencies referencing Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged Thursday as the electric vehicle (EV) juggernaut unveiled its dedicated two-seater robotaxi product.
What happened: A Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin, TeslaTAXI, pumped over 101% in the last 24 hours, <a href="https://coinmarketcap.com/dexscan/solana/xhzpWAj8VD1R971WRWDQiKzpjkpNvaqZGjvBVpBZc3D/">according </a>to CoinMarketCap. The coin's trading volume on the decentralized exchange (DEX) Raydium exceeded $53,000, while its market capitalization surged over $227,000.&nbsp;
Another cryptocurrency, TESLA, although having a very small market capitalization of $1,800, <a href="https://coinmarketcap.com/dexscan/solana/FYwxWEfMQV4yquMcc2NBxkugrH2PoH1Q2d9xhmFK7n6T/">increased </a>by more than 10% in the past 24 hours.&nbsp;
Moreover, a cryptocurrency named CYBERCAB on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based exchange Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>) also seemed to be raking in the moolah, soaring 61%. 
It's worth mentioning that the aforementioned coins are not directly related to the company or approved by Musk himself. Additionally, the liquidity is markedly low as they aren't traded on major cryptocurrency exchanges and are currently only available on DEXes.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41255580/satoshi-nakamoto-identity-remains-a-mystery-after-hbo-documentary-bronze-statue-celebrates">Satoshi Nakamoto Identity Remains A Mystery After HBO Documentary: Bronze Statue Celebrates Bitcoin Founder&#8217;s Anonymity – &#8216;We Are All Satoshi&#8217;</a>
Why It Matters: The surge came as Tesla <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">revealed its robotaxi, nicknamed the Cybercab</a>, equipped with butterfly wings that open upwards.
The product was unveiled at the event called "We, Robot" held by Tesla at Warner Bros. Discovery Inc.&#8217;s movie studio near Los Angeles.
Price Action: Shares of Tesla were up 0.38% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. The stock closed 0.95% lower at $238.77 during Thursday's regular trading session.
Photo by Avi Rozen on Shutterstock
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$ETH

$SOL

$UNI

Tesla-Themed Coins Spike After EV Giant Unveils 'Cybercab' Robotaxi — Why You Should Be Careful

<a href="https://www.benzinga.com/startups/24/10/41120122/mark-cuban-getting-filthy-stinkin-rich-is-one-of-the-most-patriotic-things-you-can-do-thats-the-amer">Mark Cuban never holds back</a>, especially regarding his blunt advice on entrepreneurship. In a Bloomberg video from almost a decade ago, Cuban dropped some golden wisdom that still resonates today: "If you're starting a business and you take out a loan, you're a moron."
That's classic Cuban – cutting straight through the noise. He explains why borrowing money to launch a business is risky, especially with the uncertainties of a startup. "There are so many uncertainties involved with starting a business, yet the one certainty you'll have is <a href="https://www.benzinga.com/personal-finance/24/09/40920706/billionaire-mark-cuban-says-his-credit-was-so-bad-radio-shack-denied-him-if-you-use-credit-cards">paying back your loan</a>," Cuban says. He emphasizes that banks and lenders don't care about the success of your business – they care about getting their money back, making it a lopsided deal.
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His message to aspiring entrepreneurs? Focus on what you can control: your effort and knowledge. "99% of small businesses can start with next to no capital. It's more about effort … businesses don't fail for lack of capital, they fail for lack of brains, they fail for lack of effort," Cuban remarks. He insists that hard work and understanding your industry inside and out are the real keys to success. Cuban warns that competition won't just roll over. If you're going up against him, he says, "You better realize that I'm working 24 hours a day to kick your a&#x2A;&#x2A;."
Trending: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
His advice might be tough to swallow, but it's rooted in reality. The stats back him up to some extent – while many businesses do rely on loans, they aren't always necessary. About 43% of small businesses apply for loans and around 29% fail due to running out of capital. Cuban's message is that borrowing isn't the only way to launch a business and starting lean can often be more sustainable.
And while Cuban is the star of Shark Tank, it might be easier for him to advocate this approach given his resources. Still, there are other ways to fund a business without debt. Approximately 78% of small businesses use personal savings rather than loans to get started. Alternative funding options like crowdfunding, angel investors, or grants are available for those who want to avoid debt. Cuban may have a unique vantage point, but he's onto something when he emphasizes avoiding debt – especially since nearly 70% of small businesses <a href="https://www.benzinga.com/personal-finance/24/09/40985018/mark-cubans-black-amex-card-was-declined-trying-to-buy-a-140-000-bottle-of-champagne-after-his-n">carry some form of debt</a>.
Mark Cuban's take on starting a business without relying on loans is practical and refreshing. He's not just throwing out harsh words for shock value; he's speaking from years of experience.&nbsp;
Read Next:
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<li>This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today. </a>A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a></li>
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Personal Finance

Mark Cuban Says 'If You're Starting A Business And You Take Out A Loan, You're A Moron' – 99% Of Small Businesses Can Start With No Capital

Grown Rogue International Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/GRIN#CSE">GRIN</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRUSF#OTC">GRUSF</a>) a craft cannabis company based in Oregon's Rogue Valley announced the termination of its advisory agreement with Vireo Growth Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/VREO#CSE">VREO</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VREOF#OTCQX">VREOF</a>) as of September 30, 2024.&nbsp;
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">The Deal </h3>
The deal, in place for 18 months, saw Grown Rogue providing advisory services to Vireo's cultivation operations across several markets, including New Jersey.
As part of the termination, Vireo will forfeit 4.5 million of the 8.5 million warrants it held in Grown Rogue, with a strike price of CAD $0.225, equivalent to approximately $759,375. ​​
Additionally, Vireo has agreed to pay Grown Rogue $800,000, with the option to defer the payment in four quarterly installments of $250,000. Grown Rogue <a href="https://www.newswire.ca/news-releases/grown-rogue-announces-termination-of-advisory-agreement-with-vireo-growth-inc--828592887.html">will retain 10 million</a> Vireo warrants and receive full fees for services rendered during Q3.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41273594/tilray-reports-200m-q1-net-revenue-up-13-yoy-as-net-loss-improves">Tilray Reports $200M Q1 Net Revenue, Up 13% YoY As Net Loss Improves</a>
CEO Obie Strickler of Grown Rogue expressed gratitude for the collaboration, emphasizing that the agreement helped Grown Rogue sharpen its strategy for national expansion. The company now plans to apply these learnings to its New Jersey operations and expand into Illinois in 2025.
<h3 class="wp-block-heading">Leadership Transition At Vireo Growth</h3>
On the same day, Vireo announced a leadership transition, with <a href="https://investors.vireogrowth.com/news/news-details/2024/Vireo-Growth-Inc.-Announces-Leadership-Transition/default.aspx">Amber Shimpa stepping into the role of CEO</a>. Shimpa, with the company since 2014, previously served as President. She replaces Josh Rosen, who resigned from his role as CEO and interim CFO but will remain an advisor. Vireo also appointed Joe Duxbury as interim CFO.
Shimpa's leadership will focus on the company&#8217;s upcoming expansion into Minnesota's adult-use market next year. 
Read Next:<a href="https://www.benzinga.com/markets/cannabis/24/07/39692990/hold-my-beer-breweries-offer-thc-on-tap-in-minnesota-what-investors-need-to-know"> Hold My Beer: Breweries Offer THC On Tap In Minnesota, What Investors Need To Know</a>

Cannabis

Contracts

Legal

CSE:GRIN

CSE:VREO

Grindrod Shipping Holdings Ltd Ordinary Shares

GRIN

GRUSF

VREOF

Grown Rogue Secures $800K, Vireo Forfeits 4.5M Warrants In Cannabis Shakeup—What's Next For Both?

Renowned economist Peter Schiff expressed his disappointment over not being featured in HBO&#8217;s new documentary on Satoshi Nakamoto despite his reputation as a &#8216;well-known&#8217; Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) critic. 
What Happened: Schiff said he watched the Cullen Hoback-directed documentary in an X post on Thursday. However, he voiced his grievances with Hoback about his &#8216;conspicuous&#8217; absence despite being one of the foremost anti-Bitcoin voices.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I just watched <a href="https://twitter.com/CullenHoback?ref_src=twsrc%5Etfw">@CullenHoback</a>&#39;s new <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> documentary on HBO. As the most well-known Bitcoin critic within the Bitcoin community, my absence was conspicuous.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1844444360546590786?ref_src=twsrc%5Etfw">October 10, 2024</a></blockquote>
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Hoback responded to Schiff&#8217;s complaints, saying that Nouriel Roubini, often referred to as "<a href="https://www.benzinga.com/markets/cryptocurrency/22/11/29675569/dr-doom-nouriel-roubini-says-el-salvador-doesnt-need-bitcoin-in-ftx-to-be-bankrupt-bukele-">Dr. Doom</a>," was the primary critic and that they could &#8220;only have so many Peters!&#8221;
Schiff was still not convinced, stating that Nouriel&#8217;s criticism came from a different point of view, and the &#8220;Dr. Doom&#8221; sobriquet was given to him by CNBC long before the New York Times gave it to Roubini. 
&#8220;Also, I have more interactions with high-profile Bitcoiners than anyone. You showed Alex Mashinsk. I debated him and called out his Ponzi scheme long before it collapsed,&#8221; Schiff added. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41278873/gary-gensler-doubts-cryptocurrency-future-says-leading-figures-are-either-in-jail-or-await">Gary Gensler Doubts Cryptocurrency Future, Says Leading Figures Are Either In Jail Or Awaiting Extradition</a>
Why It Matters: The documentary titled "Money Electric: The Bitcoin Mystery,&#8221; claiming to unveil the real identity of Bitcoin creator Nakamoto, has been a subject of intense discussion over the past week or so. 
Earlier this week, the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41242615/peter-todd-is-satoshi-nakamoto-bitcoin-core-developer-denies-hbo-documentary-claims-im-not">documentary aired and identified</a> Bitcoin core developer Peter Todd as the one who created the blockchain project. Todd has denied the claim.
Price Action: At the time of writing, Bitcoin was exchanging hands at $60,498.20, down 0.57% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.  
Image via Wikimedia Commons
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Bitcoin-Critic Peter Schiff Salty Over Being Left Out Of Satoshi Nakamoto Documentary — Director Says, 'We Could Only Have So Many Peters!'

In the wake of the <a href="https://www.benzinga.com/markets/equities/24/10/41276280/hurricane-milton-closes-multiple-florida-airports-over-3-000-flights-canceled-and-delayed-10-air">devastating Hurricane Milton</a>,&nbsp;Apple Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook has pledged to support relief efforts.
What Happened: On Thursday, Cook took to X, formerly Twitter, and said &#8220;Apple will be making a donation to help with relief efforts on the ground.&#8221;
Hurricane Milton, following closely after Hurricane Helene, has caused widespread destruction across Florida, resulting in significant damage, power outages, and severe flooding.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our hearts go out to all of those impacted by the devastation of Hurricane Milton. To everyone still in harm&#39;s way, please stay safe. Apple will be making a donation to help with relief efforts on the ground.
&mdash; Tim Cook (@tim_cook) <a href="https://twitter.com/tim_cook/status/1844469125529337930?ref_src=twsrc%5Etfw">October 10, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41242624/elon-musk-vows-to-defend-freedom-of-speech-but-within-the-boundaries-of-the-law-as-x-gets-brazil-gre?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Vows To Defend Freedom Of Speech, But &#8216;Within The Boundaries Of The Law&#8217; As X Gets Brazil Greenlight To Resume Operations</a>
While the specific amount of Apple&#8217;s donation has not been revealed, this is not the company&#8217;s first act of support in the face of natural disasters. Cook has previously announced similar contributions for Hurricane Helene.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We're thinking of all those facing the catastrophic aftermath of Hurricane Helene. Apple will be making a donation to help with relief efforts on the ground.
&mdash; Tim Cook (@tim_cook) <a href="https://twitter.com/tim_cook/status/1840765545135898678?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
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Why It Matters: Hurricane Milton, <a href="https://www.benzinga.com/news/24/10/41257552/how-strong-is-milton-what-to-expect-from-hurricane-categories-1-through-5">a Category 3 storm</a>, hit near Siesta Key, Florida, on Wednesday. The storm, with wind gusts over 120 mph, has so far resulted in at least 12 fatalities, with the death toll expected to increase as rescue operations continue.
It caused&nbsp;<a href="https://www.benzinga.com/news/24/10/41266095/hurricane-milton-knocks-out-power-for-over-2m-in-florida-nextera-energy-duke-energy-and-tampa-electr">widespread power outages</a>&nbsp;and affected major utility providers. Over two million residents were left without power as the storm swept across the region.
Apple&#8217;s support in such situations is not just financial. The tech giant&#8217;s technology has proven to be a lifeline in previous disasters.
After Hurricane Helene, Apple&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/09/41108345/apples-satellite-messaging-feature-emerges-as-lifeline-after-hurricane-helene-leaves-thousands-witho">satellite messaging feature</a>&nbsp;emerged as a crucial tool for survivors left without power and cell service. The feature, introduced in the iOS 18 update, allows users to stay connected even without cellular or Wi-Fi coverage.
As Hurricane Milton approached, Benzinga highlighted the importance of being prepared and provided a guide on how to activate the&nbsp;<a href="https://www.benzinga.com/news/24/10/41264171/learn-how-to-activate-iphone-emergency-sos-as-hurricane-milton-approaches-your-safety-may-depend-on">iPhone Emergency SOS</a>&nbsp;feature.
This feature can be a crucial lifeline if traditional communication methods fail during such intense storms.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Ambitions Come As Most Americans Grow Wary Of Autonomous Tech</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tim Cook Says 'Hearts Go Out' To Those Impacted By Devastation Left Behind By Hurricane Milton: Apple Will Make A Donation For 'Relief Efforts On The Ground'

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) unveiled its dedicated two-seater <a href="https://www.benzinga.com/topic/robotaxi">robotaxi product</a> on Thursday, nicknamed the Cybercab, complete with butterfly wings that open upwards.
The design also bears huge resemblances to the design shared by Musk&#8217;s biographer Walter Isaacson in his book published last year. The vehicle, Musk said, is expected to be priced under $30,000.
Musk also revealed that the Cybercab will not include a charging plug &#8211; it will instead use inductive charging.
The Cybercab: Company CEO Elon Musk said at an ongoing event in Los Angeles that Tesla made 20 units of the vehicle which drove itself into the event stage with the billionaire within. At first glance, the exterior design of the Cybercab resembles the Cybertruck&#8217;s angular and steel body.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-1024x576.jpg" alt="" class="wp-image-590545" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Photo courtesy: Tesla</figcaption></figure>
The design also bears huge resemblances to the design shared by Musk&#8217;s biographer Walter Isaacson in his book published last year.
Musk also revealed that the Cybercab will not include a charging plug – it will instead use inductive charging.
The vehicle, Musk said, is expected to be priced under $30,000.&nbsp;
The Robovan: Tesla also unveiled the robovan which can accommodate up to 20 people.&nbsp;
The robovan bears an angular structure and has no pedals or steering wheels but resembles a wagon on the outside.
It could rival Uber Technologies Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) newly-announced shuttle service, but details about the robovan&#8217;s launch remain unknown yet.
Vision For Autonomous Driving: The company will start autonomous driving with its Model 3 and Model Y in Texas and California next year and the Cybercab will join the autonomous fleet in 2026 or before 2027, Musk said, while adding that he tends to be overly optimistic with timelines.
The product was unveiled at the event called &#8220;We, Robot&#8221; held by Tesla at Warner Bros. Discovery Inc.'s movie studio near Los Angeles.&nbsp;Though the event was supposed to start at 10 p.m. CT, there was a significant delay of over 50 minutes.
Musk said that the event was delayed because one of the guests had a medical emergency.
Optimus, Musk reiterated, will be available at a $20,000- $30,000 price point once production ramps up.&nbsp;
Musk previously said that the EV company would have "genuinely useful" humanoid robots in low production for use within its factories next year. The company will "hopefully" increase production for other customers in 2026, he said in July.
Price Action: Tesla stock rose 0.4% after hours after closing down nearly 1% on Thursday at $238.77, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A person in the crowd had a medical emergency, so we're taking care of them before starting
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1844564353330315460?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
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<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Tesla &#039;We, Robot&#039; Robotaxi Event 2024" width="500" height="281" src="https://www.youtube.com/embed/wTJmEFbUkis?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo courtesy: Tesla

UBER

Tesla Unveils 2-Seater Cybercab That Drives Itself, Price Expected To Be Under $30K: Also Shows Off 20-Seater Robovan To Rival Uber Shuttle

Major U.S. equity indices experienced a slight dip on Thursday, following a <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41270761/september-inflation-hotter-than-expected-jobless-claims-spike-the-most-in-over-a-">higher-than-anticipated</a> Consumer Price Index (CPI) inflation report for September and a surge in oil prices due to disruptions caused by Hurricane Milton and escalating tensions in the Middle East. 
The S&amp;P 500, Dow Jones Industrial Average, and the tech-heavy Nasdaq 100 all mirrored the decline falling 0.2%, 0.1%, and 0.05% respectively.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) closed the day down 0.95% at $238.77, with an intraday high and low of $242.79 and $232.34, respectively. The electric vehicle giant is expected to unveil its dedicated robotaxi product late on Thursday at an event in Los Angeles, according to a <a href="https://www.benzinga.com/news/24/10/41284650/tesla-to-reveal-robotaxi-at-event-near-los-angeles-ceo-elon-musk-hints-it-could-be-a-2-seater">Benzinga report</a>.
Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) saw a marginal rise of 0.06% to close at $77.92. The ride-hailing company is working towards transforming into a <a href="https://www.benzinga.com/news/24/10/41265000/uber-announces-measures-to-ramp-up-electrification-of-its-fleet-ahead-of-teslas-robotaxi-unveil">zero-emission platform</a> by 2040, with measures including the introduction of an AI assistant on the driver app to help with EV-related queries as Tesla prepares to unveil its robotaxi product.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41244481/google-cries-foul-as-doj-moves-to-break-up-search-giant-calls-recommendations-radical-as-antitru?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Cries Foul As DOJ Moves To Break Up Search Giant, Calls Recommendations &#8216;Radical&#8217; As Antitrust Ruling Aims To Limit Its Search Market Monopoly</a>
Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares traded lower by 4.00% to close at $164.18. The company <a href="https://www.benzinga.com/news/24/10/41282666/what-happened-with-amd-stock-today">hosted its &#8220;Advancing AI 2024&#8221; event</a> and launched several new high-performance computing solutions.
Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) shares climbed 0.68% to close at $13.32. The company reported <a href="https://www.benzinga.com/news/earnings/24/10/41281995/aehr-test-systems-stock-climbs-after-better-than-expected-q1-results-heres-why">better-than-expected first-quarter financial results</a>.
Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) shares fell 5.29% to close at $59.44. The bank agreed to pay approximately $3.09 billion in fines to U.S. authorities after <a href="https://www.benzinga.com/government/24/10/41283209/td-bank-pays-3b-fine-after-pleading-guilty-in-money-laundering-case-making-its-services-convenient-f">pleading guilty </a>to money laundering-related charges.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href=""Premarket">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/10/41245350/nvidia-poised-to-overtake-apple-as-worlds-most-valuable-company-how-much-jensen-huangs-company-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Poised To Overtake Apple As World&#8217;s Most Valuable Company: How Much Jensen Huang&#8217;s Company Needs To Gain By Wednesday</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

Tesla, Uber, AMD, Aehr, And TD Bank: Why These 5 Stocks Are On Investors' Radars Today

‘Uptober' remained elusive as leading cryptocurrencies stagnated after hotter-than-expected inflation data poured cold water on expectations of further interest rate cuts by the Federal Reserve. 
<figure class="wp-block-table"> 
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<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:15 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.75%</td>
<td>$60,135.24</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.75%</td>
<td>$2,382.33</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>-1.37%</td>
<td>$0.106</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin slipped below $58,000 during trading hours before nearly recouping all the losses overnight. The world's largest cryptocurrency was down 1.16% over the week and 8% since the beginning of October—a month that on average has <a href="https://www.coinglass.com/today">yielded </a>over 20% returns for King Crypto.
The hotter-than-expected September's consumer price index data, coupled with higher-than-expected weekly jobless claims, likely <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41270761/september-inflation-hotter-than-expected-jobless-claims-spike-the-most-in-over-a-">influenced the markets</a>.&nbsp;
Traders priced in 86% odds of the Fed slashing the interest rates by a further 0.25% during November's FOMC meeting, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
Ethereum remained choppy as well, barely changing in the last 24 hours. Over the last week, however, the second-largest cryptocurrency eked out gains of 1.14%.&nbsp;
Cryptocurrency liquidations exceeded $194 million in the last 24 hours, with more than $145 million in bullish bets getting evaporated.&nbsp;&nbsp;
Bitcoin's Open Interest dropped 0.63% in the last 24 hours, while the number of long positions on the coin surged sharply vis-à-vis shorts.&nbsp;
The market sentiment slipped into the "Fear" category, according to the Cryptocurrency Fear &amp; Greed index, raising fears of further downsides.&nbsp;
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:15 p.m. EDT)</td>
</tr>
<tr>
<td>Uniswap (UNI)</td>
<td>+9.67%</td>
<td>$8.01</td>
</tr>
<tr>
<td>Popcat (POPCAT)</td>
<td>+7.96%</td>
<td>$1.26</td>
</tr>
<tr>
<td>MANTRA (OM)</td>
<td>+5.53%</td>
<td>$1.44</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.11 trillion, following a decrease of 0.46% in the last 24 hours.
Stocks continued to be turbulent, with major indices retracing on Thursday.
The Dow Jones Industrial Average dropped 57.88 points, or 0.14%, to close at 42,454.12. The S&amp;P 500 slipped 0.21% to end at 5,780.05, while the tech-heavy Nasdaq Composite lost 0.05% to close at 18,282.05.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst Rekt Capital noted Bitcoin's retest of $60,600 as support for the second straight week.
"Weekly close above $60,600 would preserve the range and position price for a move to the upside across it," the analyst remarked, while also cautioning about further downsides if the support is lost.
<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> Bitcoin is retesting the Weekly Re-Accumulation Range Low (~$60600) as support for the second consecutive week Weekly Close above $60600 would preserve the range and position price for a move to the upside across it Lose support here &#8211;&gt; another downside deviation period… <a href="https://t.co/wk5bBdyOMC">https://t.co/wk5bBdyOMC</a> <a href="https://t.co/j6nfUIih8b">pic.twitter.com/j6nfUIih8b</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1844470891482317275?ref_src=twsrc%5Etfw">October 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Leading analyst Ali Martinez drew attention to the increasing leverage use on cryptocurrency exchanges, suggesting that more people were borrowing to make bigger bets.&nbsp;
"This can increase the risk of big price swings, so it's important to be cautious," Martinez predicted.
<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">Leverage use on <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> exchanges just hit a yearly high, meaning more people are borrowing to make bigger bets. This can increase the risk of big price swings, so it's important to be cautious! <a href="https://t.co/InUbp7g2x3">pic.twitter.com/InUbp7g2x3</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1844516510779273418?ref_src=twsrc%5Etfw">October 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by stockphoto-graf on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41274733/in-2022-bitcoin-helped-to-humble-anthony-pompliano-a-look-at-how-his-price-predictions-hav">In 2022, Bitcoin &#8216;Helped To Humble&#8217; Anthony Pompliano: A Look At How His Price Predictions Have Evolved</a></li>
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$DOGE

Bitcoin, Ethereum, Dogecoin Muffled After September Inflation Dampens Rate Cut Outlook: Analyst Warns Of 'Downside Deviation' If King Crypto Loses This Support

&#8220;Optimism is required if you're going to fight the War on Drugs for over half a century,&#8221; reflects Vince Sliwoski in a poignant <a href="https://harris-sliwoski.com/cannalawblog/congress-is-about-to-lose-its-greatest-cannabis-advocate-ever/">piece</a> on The Canna Law Blog about Congressman Earl Blumenauer&#8217;s impending retirement. As Blumenauer prepares to step down next month, his legacy as one of the most steadfast champions for <a href="http://benzinga.com/cannabis">cannabis</a> reform in Congress remains unparalleled.
<h3 class="wp-block-heading">Bipartisan Efforts Shaping Cannabis Legislation</h3>
From his early days as a fresh-faced legislator in Oregon where he witnessed the state&#8217;s pioneering move to decriminalize cannabis in 1973 to his decades in Congress, Blumenauer&#8217;s journey has been marked by persistent advocacy and significant legislative milestones. His work triggered changes that have shaped the current landscape of cannabis policy in the United States.
Throughout his career, Blumenauer <a href="https://www.benzinga.com/markets/cannabis/23/09/34926867/us-rep-blumenauer-highlights-growing-bipartisan-support-for-cannabis-legislation-at-benzinga-can">consistently worked across party lines</a>, building bipartisan support for cannabis reform and other key initiatives, helping advance <a href="https://www.benzinga.com/markets/cannabis/22/04/26856604/reps-perlmutter-and-blumenauer-ask-for-the-inclusion-of-safe-banking-act-in-innovation-bill">significant legislation like the SAFE Banking Act</a>.
<ul>
<li>Get Benzinga&#8217;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">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
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In 2012, alongside former US Representative Jared Polis (D-CO), Blumenauer introduced the first comprehensive proposal to federally legalize, tax and regulate cannabis. This blueprint set the stage for the historic passage of the Rohrabacher-Farr amendment, now renamed the Blumenauer amendment, which prevents the Department of Justice from using federal funds to interfere with state <a href="http://benzinga.com/topic/medical-cannabis">medical cannabis</a> laws.
<h3 class="wp-block-heading">Blumenauer&#8217;s Legacy In Cannabis Legalization</h3>
Blumenauer&#8217;s influence did not wane with these achievements. He was instrumental in founding the <a href="https://www.benzinga.com/topic/congressional-cannabis-caucus">Congressional Cannabis Caucus</a> in 2017, which continues to push the envelope on cannabis policy. His relentless pursuit bore fruit in 2020 with the passage of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act in the House, <a href="https://www.benzinga.com/markets/cannabis/20/12/18657147/more-act-passes-house-vote-in-giant-step-for-cannabis-reform-but-falls-short-on-restorative-just">marking the first comprehensive legalization bill</a> to achieve such a feat.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41240793/its-your-constitutional-right-how-you-can-break-the-senates-block-on-cannabis-legalization">It&#8217;s Your Constitutional Right: How You Can Break The Senate&#8217;s Block On Cannabis Legalization</a>
Blumenauer's efforts extended to the Medical Marijuana and Cannabidiol Research Expansion Act, which President Biden <a href="https://www.benzinga.com/markets/cannabis/22/12/29944802/breaking-biden-signs-marijuana-research-bill-historic-moment-for-federal-cannabis-reform">signed into law in 2022</a>. It is still <a href="https://www.benzinga.com/markets/cannabis/22/11/29759591/historic-breakthrough-first-time-ever-senate-will-send-cannabis-research-bill-to-bidens-desk">the only federal standalone marijuana reform</a> enacted to date. Even as he prepares to leave office, Blumenauer remains a vocal advocate, urging the Biden-Harris Administration <a href="https://www.benzinga.com/markets/cannabis/24/02/37024357/congressman-presses-dea-for-action-on-cannabis-scheduling-review-calls-current-situation-arcane-">to fully deschedule cannabis</a> and realize its political and medicinal potential.
Sliwoski's reflection captures not only the historical significance but the personal tenacity of Blumenauer. As he notes, &#8220;When cannabis is federally legalized, we should remember the relentless advocacy and vision of the rep from Oregon's 3rd District.&#8221;
<h3 class="wp-block-heading">Shaping Portland's Future At Portland State University</h3>
Upon <a href="https://blumenauer.house.gov/media-center/press-releases/congressman-earl-blumenauer-announces-he-will-not-seek-re-election">retiring</a> from Congress in January, Blumenauer will return to his roots as a special adviser to the president at Portland State University and as a fellow at the Institute of Portland Metropolitan Studies, <a href="https://www.oregonlive.com/education/2024/09/retiring-us-rep-earl-blumenauer-will-take-job-in-portland-after-leaving-congress-see-where-hes-headed.html">according</a> to The Oregonian. There, he aims to leverage his extensive network to enhance the university&#8217;s influence in shaping Portland&#8217;s future and revitalizing the city's leadership in urban innovation.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41214802/joe-biden-quick-question-before-you-go-are-those-cannabis-pardons-from-2-years-ago-still-on">Joe Biden, Quick Question Before You Go: Are Those Cannabis Pardons From 2 Years Ago Still On?</a></li>
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Regulations

Earl Blumenauer's Legacy: Cannabis Champion Retires Congress After 50 Years Of Advocacy

On Thursday, Cathie Wood-led Ark Invest made a significant move by offloading shares of Moderna Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>). This decision comes amidst a backdrop of mixed analyst sentiments and Moderna&#8217;s recently unveiled post-COVID roadmap.
The Moderna Trade
Ark Invest&#8217;s ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) sold a total of 160,994 shares of Moderna. The value of the trade, based on Moderna&#8217;s closing price of $56.83 on the day of the trade, is approximately $9.15 million.
Moderna&#8217;s stock has been under scrutiny following its recent announcement of a <a href="https://www.benzinga.com/general/biotech/24/09/40834547/moderna-outlines-post-covid-roadmap-cuts-research-budget-forecasts-2025-sales-below-expectations">revised financial plan</a> and updates to its mRNA-based pipeline. CEO Stéphane Bancel highlighted the company&#8217;s success in respiratory vaccines and outlined a focus on five non-respiratory products aiming for approvals by 2027.
However, the biotech company&#8217;s future prospects have elicited <a href="https://www.benzinga.com/insights/analyst-ratings/24/09/40862440/16-analysts-have-this-to-say-about-moderna">mixed reactions</a> from analysts. Over the past three months, 16 analysts have shared their evaluations, with the average 12-month price target standing at $111.50, a decrease of 18.06% from the previous average.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41245350/nvidia-poised-to-overtake-apple-as-worlds-most-valuable-company-how-much-jensen-huangs-company-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Poised To Overtake Apple As World&#8217;s Most Valuable Company: How Much Jensen Huang&#8217;s Company Needs To Gain By Wednesday</a> 
Other Key Trades:
ARK Autonomous Technology &amp; Robotics ETF (ARKQ) bought 3,589 shares of Advanced Micro Devices Inc (AMD) worth $589,242.
Ark Invest&#8217;s ARKG and ARKK bought a total of shares of 10X Genomics Inc (TXG). 
ARKK also purchased shares of CRISPR Therapeutics AG (CRSP). 
Blade Air Mobility Inc (BLDE), and 3D Systems Corp (DDD) while selling shares of Materialise NV (MTLS) and Markforged Holding Corp (MKFG).
Image via Flickr/ WEF
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41274321/trump-considers-pro-crypto-vivek-ramaswamy-for-key-administration-role-hell-do-a-better-jo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Considers Pro-Crypto Vivek Ramaswamy For Key Administration Role: &#8216;He&#8217;ll Do A Better Job Than Anybody&#8217;</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKG

ARKK

MRNA

Cathie Wood's Ark Invest Dumps Over $9M In Moderna Stock — Even With Post-COVID Plans On The Table

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is expected to unveil its dedicated robotaxi product late on Thursday at an event in Los Angeles. 
According to Bloomberg, the vehicle is expected to have two front seats and doors that open upward like butterfly wings.
Early on Thursday, Tesla CEO Elon Musk responded in the affirmative to an X user who opined that a two-seat cybercab makes sense given a majority of of U.S. vehicle miles are single or double occupancy. 
<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">Exactly
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1844551527912046813?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
During Tesla&#8217;s first-quarter earnings call, Musk himself referred to the company's dedicated robotaxi product as the "Cybercab." It is unclear if this is a placeholder or the final name.
The robotaxi unveiling event titled "We, Robot" will start at 7 p.m. California time at Warner Bros. Discovery Inc.&#8217;s movie studio near Los Angeles.&nbsp;The event will also be streamed live on social media platform X.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/10/41264769/teslas-latest-fsd-update-smooths-out-jittery-car-visualizations-fixing-4-year-bug" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Latest FSD Update Smooths Out Jittery Car Visualizations, Fixing 4-Year Bug</a></li>
</ul>
Photo courtesy: Tesla

Tesla To Reveal Robotaxi At Event Near Los Angeles: CEO Elon Musk Hints It Could Be A 2-Seater

California cannabis company, Lowell Farms Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/LOWL#CSE">LOWL</a>, OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/LOWLF#OTCQX">LOWLF</a>) entered into management services agreements with two cannabis retail dispensaries located in Los Angeles, California.
Under the terms of the <a href="https://www.sec.gov/edgar/browse/?CIK=1838128&amp;owner=exclude">agreements</a>, Lowell Farms' wholly-owned subsidiary Mercati Dei Fiori, LLC, will assume operational management of the retail stores Rose Collective in Venice and Sunnyside Collective in Westwood. The deal also contains an option for Lowell Farms to acquire equity ownership through a nonbinding letter of intent.
"These agreements mark a significant milestone for Lowell Farms as we continue to navigate the difficult California cannabis landscape," stated Ann Lawrence, executive chair of the board. "This partnership is built on shared values and a unified vision for success. By combining our expertise and leveraging operational synergies, our goal is to create a vertically integrated model that will provide a strong platform for brands and enhance the retail experience for our customers."
By integrating retail operations into its brand management and distribution capabilities, the company will increase its scale and achieve greater vertical integration. It also allows the company greater control over the full supply chain, from production and distribution through the consumer experience.
With this strategic move, Lowell Farms is seeking to strengthen brand loyalty and capture a larger share of the California cannabis market.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41273594/tilray-reports-200m-q1-net-revenue-up-13-yoy-as-net-loss-improves">Tilray Reports $200M Q1 Net Revenue, Up 13% YoY As Net Loss Improves</a>
<ul>
<li>Get Benzinga&#8217;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&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
<h2 class="wp-block-heading">New Chairperson</h2>
Concurrently with entering into the management services agreements, the company appointed Ann Lawrence, a current director, as executive chairperson. Lawrence joined the board of directors in 2022. Before entering the cannabis industry in 2018, Lawrence was a partner and practice group leader at a major global law firm specializing in distressed retail mergers and acquisitions. She will lead the company's retail expansion efforts.
<h2 class="wp-block-heading">LOWLF Price Action</h2>
Lowell Farms shares traded flat at $0.01 per share after the market close on Thursday.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41270606/kamala-harris-advises-on-howard-stern-show-dont-get-stoned-before-visiting-the-sphere-in-las-veg">Kamala Harris Advises On Howard Stern Show: Don&#8217;t Get Stoned Before Visiting The Sphere In Las Vegas</a></li>
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Photo: Courtesy of Yeti studio and ImageFlow on Shutterstock

CSE:LOWL

LOWLF

California Cannabis Company Lowell Farms Will Manage 2 Retail Dispensaries In LA, Deal Also Includes Acquisition Option

To compete with Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) upcoming Blackwell system, Advanced Micro Devices, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) next-generation chip is scheduled to ship in the second half of 2025.
What Happened: On Thursday, AMD disclosed plans for its next-gen MI350 chip, aimed at competing with Nvidia&#8217;s new Blackwell system, with shipping anticipated in the second half of 2025.
According to AMD, the Instinct MI350 series accelerators, built on the CDNA 4 architecture, are expected to offer up to 35 times better inference performance compared to their CDNA 3-based predecessors.
The MI350 series also aims to maintain its leadership in memory capacity, boasting up to 288GB of HBM3E memory per accelerator.
See Also: <a href="https://www.benzinga.com/news/24/10/41219900/mark-cuban-on-how-tv-will-evolve-in-the-future-says-he-saw-the-rise-of-netflix-like-platforms-before?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban On How TV Will Evolve In The Future, Says He Saw The Rise Of Netflix-Like Platforms Before They Existed: &#8216;We Were YouTube Before YouTube&#8217;</a>
AMD CEO Lisa Su&#8217;s vision is for AMD to become the &#8220;end-to-end AI leader&#8221; within the next decade, <a href="https://www.ft.com/content/998e15cc-bf46-46ab-ab04-934286f0923b">reported</a> Financial Times.
"You have to be extremely ambitious,&#8221; she said, adding, &#8220;This is the beginning, not the end of the AI race.&#8221;
Despite trailing Nvidia in AI chip sales, AMD has emerged as Nvidia&#8217;s closest competitor in the race to offer off-the-shelf AI chips. The company projects the total addressable market for AI chips to hit $400 billion by 2027.
&#8220;When we first started, that was viewed as a really big number,&#8221; Su said. &#8220;And I think people are moving towards our big number because of the tremendous demand there is for AI infrastructure.&#8221;
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: On the same day, <a href="https://www.benzinga.com/news/24/10/41282666/what-happened-with-amd-stock-today">at the &#8220;Advancing AI 2024&#8221; event</a>, AMD launched several high-performance computing solutions, including the fifth Gen AMD EPYC server CPUs, AMD Instinct MI325X accelerators, and AMD Pensando Salina DPUs, among others.
Meanwhile, Nvidia has been making waves with its next-gen Blackwell GPU platform. Nvidia CEO Jensen Huang previously confirmed that <a href="https://www.benzinga.com/news/24/10/41156900/nvidia-ceo-jensen-huang-says-demand-for-next-gen-blackwell-gpu-platform-insane-everyone-wants-to-hav">Blackwell is in full production</a> and progressing as planned, with demand for the platform described as &#8220;insane.&#8221;
This development coincides with Nvidia's customers preparing to roll out the Blackwell system in the current quarter. Microsoft Corporation announced earlier this week that it had become the first cloud provider to make the new GB200 chips available to its clients.
<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">Our long-standing partnership with NVIDIA and deep innovation continues to lead the industry, powering the most sophisticated AI workloads. <a href="https://t.co/qaEoSv8dm5">https://t.co/qaEoSv8dm5</a>
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1843676169071468585?ref_src=twsrc%5Etfw">October 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Previously, it was also reported that at the <a href="https://www.prnewswire.com/in/news-releases/nvidia-ceo-jensen-huang-to-deliver-ces-2025-keynote-302268864.html" target="_blank" rel="noreferrer noopener">Consumer Electronics Show 2025</a>, Huang is scheduled to deliver a keynote address. The timing of the event aligns with speculation about Nvidia's next-generation GPUs expected to launch in 2025. 
It&#8217;s also anticipated that Nvidia may provide <a href="https://www.benzinga.com/news/24/10/41227135/next-gen-nvidia-gpus-could-be-revealed-at-ces-2025-what-you-need-to-know">updates on its RTX 50 series</a>, including desktop GPUs built on the Blackwell architecture
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Ambitions Come As Most Americans Grow Wary Of Autonomous Tech</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

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Li-Cycle Holdings GAAP EPS of -$0.36 beats by $1.62, revenue of $8.4M beats by $4.1M

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Arcadium Lithium limps to new lows; UBS starts at Neutral on continued weak pricing

ALTM

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HSBC

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OTIS

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Press Releases

Li-Cycle Publishes 2023 Sustainability Report

Li-Cycle Provides Update on Annual General and Special Meeting Results

Li-Cycle Partners with Daimler Truck North America on Recycling Lithium-ion Batteries

Li-Cycle Completes Share Consolidation

Global Metal Recycling Market Expected to Reach $386 Billion By 2030

Li-Cycle Appoints Craig Cunningham as Chief Financial Officer

Li-Cycle to Host Second Quarter 2024 Earnings Conference Call/Webcast on Thursday, August 8, 2024 at 8:30 a.m. (Eastern Time)

Li-Cycle Reports Second Quarter 2024 Operational and Financial Results, Including Record Quarterly Revenue

Li-Cycle Selects Marcum Canada LLP as its New Independent Auditor

Nano One Announces Resignation of Paul Matysek and Appointment of Industry Veteran Anthony Tse as New Chair of the Board of Directors

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