LENSAR (NASDAQ:LNSR) Stock, Quote.Headers.trade-ideas

LENSAR

LENSAR Inc is a commercial-stage medical device company focused on designing, developing and marketing a femtosecond laser system for the treatment of cataracts. The company Laser System incorporates a range of proprietary technologies designed to assist the surgeon in obtaining visual outcomes, efficiency and reproducibility by providing imaging, simplified procedure planning, efficient design and precision. Its product portfolio consists of the LENSAR Laser System with Streamline IV and IntelliAxis and its associated consumable components. The consumable portion of the system consists of a disposable patient interface device, or PID, kit and a procedure license. Each procedure on each system requires the use of a PID kit.

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	AgileThought, Inc. (NASDAQ: AGIL) rose 96.5% to $0.3046 in pre-market trading after falling 17% on Tuesday.


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	Imago BioSciences, Inc.  (NASDAQ: IMGO) shares climbed 104.5% to close at $35.59 on Monday after Merck announced it would acquire the company for $36 per share in cash.


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Why Lensar Shares Are Trading Higher Today

LENSAR Inc

<a href="https://www.globenewswire.com/Tracker?data=QOxRsnrI4lIcPvAJOHMkqpD2ZCcXLqncOnt8jZtYl5Orntqk98Ug6cXUt26iWYSQ">UCB</a> (Euronext Brussels: UCB) and <a href="https://www.globenewswire.com/Tracker?data=dQmAuZ_6afdr57GCMIz_bBuykaXWwgeC4T9F0-q_hAYdmPT_oUGMDy50CId7wM1j4bYykSMNSRmZ3zuqKQjiUA==">Biogen Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) today announced positive topline results from the Phase 3 PHOENYCS GO study evaluating dapirolizumab pegol, a novel Fc-free anti-CD40L drug candidate, in people living with moderate-to-severe systemic lupus erythematosus (SLE). Dapirolizumab pegol, in addition to standard-of-care (SOC) treatment, met the primary endpoint to demonstrate greater improvement of moderate-to-severe disease activity as assessed by achievement of British Isles Lupus Assessment Group (BILAG)-based Composite Lupus Assessment (BICLA) after 48 weeks versus placebo in addition to SOC. Clinical improvements were observed among key secondary endpoints measuring disease activity and flares.
The safety profile of dapirolizumab pegol was generally consistent with previous studies and with that expected in study participants with systemic lupus erythematosus receiving an immunomodulator.
"These positive results with dapirolizumab pegol represent encouraging progress in the development of medicines that can improve the lives of those living with lupus, an area that remains one of high unmet medical need and where women are disproportionately affected," said Fiona du Monceau, Head of Patient Evidence at UCB. "We have confidence in the unique mode of action of dapirolizumab pegol which targets multiple inflammatory pathways involved in the pathogenesis of SLE. As we pursue the next steps in the clinical development of this potentially differentiated treatment, we extend our appreciation to the patients, study investigators and the clinical community for their ongoing support and participation in this important research."
Based on the successful outcome of the PHOENYCS GO study, UCB and Biogen are initiating a second Phase 3 trial of dapirolizumab pegol in 2024, PHOENYCS FLY. Participants from the PHOENYCS GO study will continue to be followed in a long-term open-label study.
"Our hypothesis is that impacting the CD40L pathway, a central mechanism in immune response, would translate to significant impact on SLE disease burden. These results demonstrate that dapirolizumab pegol has the promise to provide meaningful benefit in this serious, chronic, and often devastating disease," said Diana Gallagher, MD, Head of AD, MS and Immunology Development Units at Biogen. "We are committed to delivering new treatment options for this autoimmune disease and believe the overall efficacy and safety seen in PHOENYCS GO support further development of dapirolizumab pegol in SLE."
PHOENYCS GO (n= 321) is a multicenter, randomized, double-blind, placebo-controlled, parallel-group study of dapirolizumab pegol as an add on therapy to standard of care compared to placebo with standard of care. The primary outcome measure was improvement of moderate-to-severe disease activity at Week 48 using BICLA, an established, composite primary efficacy endpoint for measurement of clinical disease activity based on patient medical history, clinical examination and laboratory tests.
Detailed results from the PHOENYCS GO study will be presented at an upcoming medical congress.

BIIB

UCB And Biogen Report Results In Phase 3 Lupus Drug Trial

CRH plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRH#NYSE">CRH</a>), the leading provider of building materials solutions, announces that Albert Manifold has decided to retire as Chief Executive Officer at the end of 2024 and that he is to be succeeded by Jim Mintern.
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Mr. Mintern is currently CRH's Chief Financial Officer and has been a director of its board since June 2021. He has over 30 years of experience in the building materials industry and 22 years with CRH, serving in various senior leadership roles. Mr. Mintern has deep industry knowledge, has led a variety of operational businesses, and is an accomplished developer of teams and people. He also has extensive portfolio management, financial and capital markets expertise. Most recently, Mr. Mintern led the strategic transition of CRH's primary listing to the New York Stock Exchange.
Mr. Manifold has held varied responsibilities with CRH since he joined in 1998. He was appointed Chief Executive Officer in January 2014. Mr. Manifold will step down from the board and relinquish his executive responsibilities on December 31, 2024. He will continue as an advisor to CRH for a further 12 months.
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CRH Names CFO Jim Mintern As CEO, Effective 2024 End, Succeeding Albert Manifold

As Tesla Stock Sneaks Into Positive Territory For Year Fund Manager Says Not 10/10 Robotaxi Event But This Would Strengthen Fledgling Recovery (alt HL)
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/24/09/40992274/what-happened-with-tesla-stock-today">shares climbed nearly 5% Monday</a> and settled at a psychological resistance of $250, with optimism concerning third-quarter deliveries outperformance fueling much of the upside. Amid the stock surge, a fund manager weighed in on the potential impact of the upcoming Oct. 10 Robotaxi launch event on the stock.
10/10 Stock Mover? Future Fund LLC Managing Partner Gary Black is not convinced that Oct. 10 would be a catalyst for the stock, although he didn&#8217;t rule the possibility out. He said his apprehension stemmed from the fact that Tesla&#8217;s full self-driving technology is not yet close to the 99.99% efficacy needed for unsupervised autonomy.
Most analysts have discounted supervised FSD in their models, assuming a 15-20% take rate for the existing fleet and current deliveries. Also, analysts have assumed that supervised FSD with 97% efficacy will sell more Teslas, he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> bulls keep talking about the robotaxi event on 10/10 as a catalyst for TSLA stock. It may be. TSLA FSD is not yet close to the 99.99% efficacy needed for unsupervised autonomy. Supervised FSD is already in most analysts' models at a 15-20% take rate x the existing… <a href="https://t.co/PFVs6IWZtz">pic.twitter.com/PFVs6IWZtz</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1838261891912572954?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/money/how-to-buy-tesla-stock">How To Buy Tesla (TSLA) Stock</a>
Upbeat On Low-End Model: Black reiterated his optimism regarding the $25,000-$30,000 compact car from Tesla&#8217;s stable. The optimism is premised on what happened in 2019-2020 to the fundamentals and the stock after the Model Y launch, he said.
The Model Y was launched in 2019 amid shorts&#8217; high skepticism but the vehicle &#8220;ushered in a whole new TAM by vaulting TSLA into the fast-growing CUV category,&#8221; he added.
The fund manager said that the launch of a sub-$30K car on Oct. 10 is not very certain, but if it does, that&#8217;s more of a reason to buy the stock. He said that an affordable electric vehicle will allow Tesla to leverage its brand, higher range, superior tech, and better performance in the large compact category, where Toyota Motor Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) Corolla is the leader.
&#8220;Similar to 2019-2020, $TSLAQ shorts don't understand the incremental TAM math where most TSLA Compact volume will be incremental, and not cannibalized from Model 3, which competes in an entirely different category (affordable sedans),&#8221; Black said.
Although <a href="https://www.benzinga.com/quote/TSLA/short-interest">Tesla&#8217;s short interest is far lower </a>currently compared to 2019-2020, the likely change in the current trajectory of earnings estimates from very negative to positive will change the Tesla investment narrative, the Tesla bull said. He sees Tesla&#8217;s volumes rising again, driving earnings estimates higher, which in turn will propel the stock price higher.
Tesla ended Monday&#8217;s session up 4.93% to $250, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> With the recent rally, the stock has turned to black for the year and is up 0.61%.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40932786/tesla-bull-explains-why-elon-musks-xai-is-critical-to-ev-makers-autonomous-ambition">Tesla Bull Explains Why Elon Musk&#8217;s xAI Is Critical To EV Maker&#8217;s Autonomous Ambitions</a></li>
</ul>
Image via Shutterstock

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TSLA

Tesla Bull Dampens Enthusiasm Regarding 10/10 Robotaxi Event But Here's What Would Take To Strengthen Fledgling Stock Recovery

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) senior executive Ashok Elluswamy on Monday hinted that the company is rushing to deploy its full self-driving (FSD) driver assistance technology on Cybertrucks, with a GIF from the 1980 movie &#8220;Airplane!&#8221;
What Happened: Tesla said earlier this month that FSD will be deployed on the <a href="https://www.benzinga.com/news/24/09/40724069/tesla-fsd-rollout-in-china-europe-planned-for-q1-2025">Cybertruck this month with other improvements</a> in the software. 
&#8220;Waiting,&#8221; Tesla wrote on its official account dedicated to Cybertruck updates on Monday. 
Elluwamy responded with a gif from &#8216;Airplane!&#8217; showing Robert Hays, who acted as the protagonist of the film, sweating through as he struggles to land a plane and implying that the team is hard at work to deploy the technology on the stainless steel truck.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> <a href="https://t.co/MFYDKKLUPk">pic.twitter.com/MFYDKKLUPk</a>
&mdash; Ashok Elluswamy (@aelluswamy) <a href="https://twitter.com/aelluswamy/status/1838338402997223861?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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Tesla CEO Elon Musk and Cybertruck lead engineer Wes Morrill also responded humorously to Elluswamy. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f602;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1838351437694173364?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">driving lastest build tonight <a href="https://t.co/iZr8WNl3Pu">pic.twitter.com/iZr8WNl3Pu</a>
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1838387591521116303?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
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Why It Matters: Tesla deployed <a href="https://www.benzinga.com/news/24/09/40791286/tesla-ceo-elon-musk-considers-making-steering-yoke-stationary-while-cybertruck-parks-itself">parking assistance features</a> on the Cybertruck and actually smart summon feature on other Tesla vehicles this month as part of its plans to enhance the capability of the FSD software to eventually drive autonomously without driver supervision.
However, FSD is yet to be deployed on the Cybertruck as of date.
Tesla is known for delaying its provided timelines. Musk has been saying for years that Tesla vehicles will be able to drive autonomously but FSD software still requires active driver supervision. 
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>.
Read More:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-" target="_blank" rel="noreferrer noopener">Elon Musk Says Buses Won&#8217;t Be Needed Once Tesla Robotaxis Start Operating: &#8216;Will Take People Point To Point For A Similar Cost&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

Tesla Team Working Hard At Deploying FSD On Cybertruck, Senior Exec Implies

The U.S. Commerce Department has proposed banning key Chinese software and hardware in connected vehicles on American roads, citing national security concerns.
What Happened: The proposed regulation would effectively bar nearly all Chinese cars from entering the U.S. market. The Biden administration has expressed worries about data collection by Chinese companies on U.S. drivers and infrastructure through connected vehicles, Reuters reported on Monday.
The White House has ordered an investigation into potential dangers, including foreign manipulation of internet-connected and navigation systems in vehicles. The prohibitions would also prevent Chinese automakers from testing self-driving cars on U.S. roads.
Commerce Secretary Gina Raimondo highlighted the risks, stating, &#8220;When foreign adversaries build software to make a vehicle that means it can be used for surveillance, can be remotely controlled, which threatens the privacy and safety of Americans on the road.&#8221;
White House National Security Adviser Jake Sullivan added that the proposal would effectively ban all existing Chinese light-duty cars and trucks from the U.S. market, though Chinese automakers could seek specific authorizations for exemptions.
The proposal calls for software prohibitions to be effective in the 2027 model year, while the hardware ban would take effect in the 2030 model year or January 2029. The Commerce Department is allowing 30 days for public comment and aims to finalize the rules by Jan. 20.
See Also: <a href="https://www.benzinga.com/news/24/09/40935722/spacex-ceo-elon-musk-says-anyone-can-go-to-mars-with-spacex-but-journey-would-be-like-a-long-sea-voy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Anyone Can Go To Mars With SpaceX But Journey Would Be Like A &#8216;Long Sea Voyage In Centuries Past&#8217;</a>
Why It Matters: The proposed ban on Chinese vehicles comes amid escalating trade tensions between the U.S. and China. Just last week, the Biden administration<a href="https://www.benzinga.com/markets/asia/24/09/40886450/50-of-new-car-sales-in-china-are-electric-but-in-the-us-its-only-10-are-protectionist-policies-widen"> imposed steep tariffs</a> on Chinese goods, including a 100% tax on electric vehicles made in China. The tariffs also cover Chinese solar panels, EV batteries, steel, aluminum, and other crucial minerals. This move aims to boost U.S. manufacturing and jobs, particularly in battleground states like Michigan, which is central to the American auto industry.
Additionally, former President Donald Trump has<a href="https://www.benzinga.com/news/24/09/40913456/trump-vows-200-tariffs-on-chinese-made-cars-in-mexico-warns-of-us-auto-industry-collapse-if-kamala-h"> vowed to impose 200% tariffs</a> on Chinese-made cars produced in Mexico, further intensifying the trade war rhetoric. Trump warned that if Kamala Harris wins the 2024 election, the U.S. auto industry could collapse within two to three years due to EV production moving to China.
On the other side, China has advised its automakers to keep <a href="https://www.benzinga.com/news/24/09/40825946/china-wants-automakers-to-safeguard-their-ev-technology-and-keep-it-within-the-country-as-companies">advanced EV technology </a>within the country, even as they expand factories abroad to avoid heavy tariffs. This strategy includes exporting knock-down kits for assembly at foreign plants, ensuring key components are still produced in China.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40968288/marjorie-taylor-greene-slams-lack-of-results-from-biden-administrations-42b-broadband-program-in-geo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Slams Lack Of Results From Biden Administration&#8217;s $42B Broadband Program In Georgia: Elon Musk Calls It &#8216;Staggeringly Bad Waste Of Money&#8217;</a></li>
</ul>
Photo courtesy: 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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

US Proposes Ban On Vehicles Equipped With Chinese Software As Team Biden Cracks Down On 'Foreign Adversaries' Threatening 'Privacy And Safety Of Americans On The Road'

Bernard Arnault, the CEO of LVMH Moët Hennessy Louis Vuitton (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>), has seen his net worth drop by $54 billion, moving him from the world&#8217;s richest person to nearly fifth place.
What Happened: Arnault&#8217;s fortune peaked at $231 billion in March, placing him ahead of Elon Musk and Jeff Bezos on the Bloomberg Billionaires Index. However, his net worth has since fallen to $177 billion as of Wednesday&#8217;s close.
This significant drop makes Arnault the biggest wealth loser among the top 500 individuals on Bloomberg&#8217;s list, with a $30 billion decrease this year alone. He is now only $1 billion ahead of Larry Ellison, co-founder of Oracle.
Forbes&#8217; rankings also reflect this decline, showing Arnault&#8217;s net worth at $175 billion, placing him behind Musk, Bezos, Ellison, and Mark Zuckerberg.
The decline in Arnault&#8217;s wealth is largely due to a 16% drop in LVMH&#8217;s stock price, which has hit its lowest level in two years. The company has faced challenges, including a mere 2% increase in underlying revenues and an 8% drop in income from recurring operations in the first half of the year.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40989179/meta-connect-2024-preview-cheaper-vr-expected-analysts-see-augmented-reality-and-ai">Meta Connect 2024 Preview: Cheaper VR Expected, Analysts See Augmented Reality And AI As Major Focus</a>
Why It Matters: The dramatic decline in Arnault&#8217;s net worth underscores the volatility in the luxury goods market. This comes after a series of strategic moves by Arnault and LVMH to navigate market challenges. In August, Arnault invested <a href="https://www.benzinga.com/news/24/08/40480056/king-of-luxury-bernard-arnault-goes-ai-shopping-channelling-over-300m-in-ai-startups-as-lvmh-navigat">over $300 million in artificial intelligence startups</a> through his family office, Aglaé Ventures.
Earlier this year, Arnault&#8217;s son set his sights on <a href="https://www.benzinga.com/markets/equities/24/02/36927006/bernard-arnaults-son-sets-sights-on-30b-watch-market-with-high-end-reinvented-pieces-after-lvmh-">the $30 billion luxury watch market</a>, launching a new division within LVMH to capture a larger share of this lucrative sector. The company&#8217;s jewelry and watch division recorded sales of $11.8 billion in 2023, representing a 7% organic growth, according to IMARC Group.
Additionally, Arnault has been involved in high-profile discussions with industry leaders like Musk. In July, Arnault revealed that he and Musk once discussed a potential collaboration between SpaceX and Louis Vuitton, highlighting the <a href="https://www.benzinga.com/news/24/07/39997764/elon-musk-bernard-arnault-once-discussed-potential-spacex-louis-vuitton-collab-im-afraid-he-will-ask">innovative approaches that he considers</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40973101/bitcoin-ethereum-rise-dogecoin-slips-as-market-reacts-to-harris-crypto-mention-analyst-bel?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Rise, Dogecoin Slips As Market Reacts To Harris&#8217; Crypto Mention: Analyst Believes It&#8217;ll Be &#8216;Game Over&#8217; For Bears If King Crypto Breaches $64K</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>

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LVMHF

LVMUY

Musk, Bezos, Ellison, And Zuckerberg Skip Ahead Of Bernard Arnault In Billionaire Rankings After LVMH CEO's Wealth Takes A $54B Dip: What Happened?

The former executive of the collapsed cryptocurrency exchange FTX, Caroline Ellison, is set to be sentenced on Tuesday for her role in the sensational fraud case.
What Happened: Prosecutors have requested a lighter sentence for Ellison, highlighting her &#8220;extraordinary cooperation&#8221; in the investigation, according to a <a href="https://apnews.com/article/caroline-ellison-ftx-sentencing-18ebfcdee1af8527511e30c9b45de045">report </a>by AP News on Monday. Her legal team has also sought leniency, citing her testimony and the emotional distress caused by her on-and-off romantic relationship with disgraced founder Sam Bankman-Fried (SBF). However, they stressed that Ellison is not avoiding accountability for her actions.
Ellison, who confessed her guilt nearly two years ago, <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35168021/caroline-ellison-points-finger-at-ftxs-sam-bankman-fried-in-crypto-fraud-trial">provided crucial testimony </a>against SBF in a trial last November. Her evidence played a significant role in SBF&#8217;s conviction for fraud, resulting in his <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37988324/sam-bankman-fried-sentenced-to-25-years-judge-points-to-ambition-political-manipulation">25-year prison sentence</a>.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40971599/well-its-crypto-its-ai-its-some-of-the-other-things-says-donald-trump-unsure-of-what-his-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Well, It&#8217;s Crypto, It&#8217;s AI, It&#8217;s Some Of The Other Things,&#8217; Says Donald Trump, Unsure Of What His New Crypto Project Even Is</a>
Ellison held the CEO position at Alameda Research, a cryptocurrency hedge fund controlled by Bankman-Fried that processed some customer funds from FTX. Her professional relationship with Bankman-Fried was further complicated by a romantic involvement, which her lawyers characterized as &#8220;erratic and manipulative.&#8221;
Why It Matters: FTX, once a leading player in the cryptocurrency exchange market, collapsed in 2022 following accusations of <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35445270/the-true-cost-of-the-ftx-collapse-how-much-did-sam-bankman-fried-really-make">misappropriation of customer accounts</a>, illegal political donations, and luxury Caribbean real estate purchases by SBF and his accomplices.
The collapse precipitated the cryptocurrency winter, causing Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the market&#8217;s leading cryptocurrency, to plunge to lows of $16,000.
Ellison&#8217;s testimony against Bankman-Fried implicated him in directing fraudulent activities.
According to a popular prediction market, Polymarket, bettors leaned toward the possibility of Ellison <a href="https://polymarket.com/event/caroline-ellison-prison-time?tid=1727154078940">avoiding prison time</a>, with 47% odds in favor of such an outcome. On the other hand, bets in favor of a 1–11 month sentencing reached 23% as of this writing.
Apart from SBF&#8217;s 25-year prison sentence, Ryan Salame, another prominent figure involved in the operations of the now-defunct platform, <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39044786/former-ftx-executive-ryan-salame-sentenced-to-over-7-years-in-prison">was awarded 90 months</a> in prison.
Photo by Sergei Elagin on Shutterstock
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">Trump Vs. Harris: 2024 Election Betting Odds Show Vice President Maintains Lead As Race Nears One-Month Mark</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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

Cryptocurrency

$BTC

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

Noted economist Peter Schiff criticized investors for disregarding gold&#8217;s record highs due to the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) frenzy.
What Happened: Schiff took to X to point out that gold had reached another record high but the significance of this rise was being overlooked due to the overwhelming focus on Bitcoin. 
&#8220;Gold just hit another record high, but few investors notice or care. With so much attention focused on Bitcoin, investors are not only missing out on gold&#8217;s gains, but the significance of the rise,&#8221; the staunch Bitcoin critic argued.
He further warned that gold&#8217;s rise indicates that money policy is too loose and inflation is set to increase.
<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"><a href="https://twitter.com/hashtag/Gold?src=hash&amp;ref_src=twsrc%5Etfw">#Gold</a> just hit another record high, but few investors notice or care. With so much attention focused on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>, investors are not only missing out on gold&#39;s gains, but the significance of the rise. Gold is warning that money policy is too loose and <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> is headed higher.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1838054295863791807?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<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/24/09/40994028/elon-musk-dons-his-maga-hat-to-meet-pro-bitcoin-president-javier-milei-duo-discuss-argenti">Elon Musk Dons His MAGA Hat To Meet Pro-Bitcoin President Javier Milei: Duo Discuss Argentina&#8217;s Journey To Normalcy</a>
Many X users countered Schiff&#8217;s attempt at exaggerating gold&#8217;s minor increase and downplaying Bitcoin&#8217;s gains. A particular user Tom reminded Schiff how gold was up just 0.2% as compared to a 2% uptick in Bitcoin.
<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">Bitcoin is up 2%. Gold is up .2%.
&mdash; Tom (@RunningLow) <a href="https://twitter.com/RunningLow/status/1838055375972495612?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As of this writing, Spot gold traded at $2,632 per ounce, reflecting an increase of just 0.13% in the last 24 hours. 
Why It Matters: This was not Schiff&#8217;s first attempt to trivialize Bitcoin in relation to gold. He has previously argued that Bitcoin lacks intrinsic value and <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40818582/gold-bull-peter-schiff-claims-bitcoin-lacks-intrinsic-value-and-is-destined-to-fail">is destined to fail</a>. 
Interstingly, Schiff&#8217;s argument of Bitcoin possessing no real-world utility came at a time when former President Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40932192/trump-pays-up-for-smash-burgers-and-diet-cokes-with-bitcoin-during-new-york-campaign-halt-">paid for Smash burgers and Diet Coke</a> using Bitcoin at a cryptocurrency-themed bar. 
Earlier, Schiff <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40744158/peter-schiff-takes-a-jab-at-investors-for-choosing-bitcoin-etf-over-gold-etf-says-they-bet">questioned investors&#8217; financial wisdom</a> for choosing Bitcoin ETFs over Gold ETFs, saying that they bet on the wrong horse. 
Price Action: At the time of writing, Bitcoin was exchanging hands at $63,045.85, down 2.22% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photo Courtesy: Wikimedia Commons
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40987826/block-surges-47-9-in-a-year-should-sq-stock-be-in-your-portfolio">Block Surges 47.9% in a Year: Should SQ Stock be in Your Portfolio?</a></li>
</ul>

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

Tesla and SpaceX CEO Elon Musk&#8217;s social media platform X, formerly Twitter, is witnessing a significant user exodus. Controversial posts on X and overall direction have led to a noticeable decline in active users, particularly in the U.K.
What Happened: Active daily users in the U.K. have decreased from eight million to around 5.6 million in the past year. 
Over a third of this drop occurred after Musk made controversial posts, such as &#8220;civil war is inevitable,&#8221; during the summer riots, <a href="https://www.ft.com/content/65961fec-a5ab-4c71-b1c8-265be3583a93">reported</a> Financial Times, citing Similarweb.
The&nbsp;U.S. has also seen a decrease of about a fifth in X&#8217;s active users over the same period.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Perplexity AI In Discussion With Marriott And Nike As It Prepares To Challenge To Google&#8217;s Dominance</a>
Disgruntled X users are migrating to alternative platforms, with Bluesky, a platform co-founded by Twitter founder&nbsp;Jack Dorsey, gaining significant traction.
Despite having fewer absolute numbers than Meta Platform&#8217;s Threads app, Bluesky has experienced rapid growth&nbsp;over the past six weeks,&nbsp;becoming a preferred choice for media professionals, policy experts, academics, and broader users.
However, the report also highlights a potential issue with Bluesky&#8217;s user base, which tends to hold similar viewpoints, creating an echo chamber effect.
Despite this, many users seem to appreciate the platform&#8217;s echo chamber nature, likening it to the &#8220;old Twitter.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The user migration from X to Bluesky can be traced back to Musk&#8217;s controversial remarks concerning the nationwide riots in the U.K.&nbsp;
In August, it was reported that these comments <a href="https://www.benzinga.com/news/24/08/40357647/elon-musk-might-have-triggered-a-bluesky-user-boom-with-his-controversial-uk-riot-remarks-report">led to a 60% increase</a> in Bluesky&#8217;s general activity from U.K. accounts.
Interestingly, Musk had previously expressed his gratitude for Dorsey after he called X &#8220;freedom technology.&#8221; 
This was after Dorsey stepped down from the <a href="https://www.benzinga.com/news/24/05/38669520/elon-musk-is-all-hearts-for-jack-dorsey-calling-x-freedom-technology-after-quitting-twitter-killer-b">Bluesky board amid controversy</a> at Block.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Media

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

Elon Musk, CEO of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), announced on X that Tesla vehicles can now autonomously navigate complex <a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-?itm_source=parsely-api">parking lots to find their owners</a>.
What Happened: According to a post by Musk on social media platform X on Tuesday, &#8220;Your Tesla can now drive itself through complex parking lots to find you.&#8221; 
Musk&#8217;s statement was in response to a post by ΛI DRIVR, which highlighted the improved &#8220;Actually Smart Summon&#8221; feature, stating it makes navigating places like Costco easy.
The Summon and Smart Summon features allow a Tesla to move in or out of a parking space up to 12 meters (39 feet). These features are designed for use in familiar and predictable areas such as private driveways and parking lots.
Smart Summon can drive a Tesla to a selected location or directly to the owner, maneuvering around obstacles and stopping as needed. Tesla specifies that this feature is intended for private parking lots and driveways.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Your Tesla can now drive itself through complex parking lots to find you <a href="https://t.co/ATqMCnntcQ">https://t.co/ATqMCnntcQ</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1838339043337146481?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/news/24/09/40972893/trumps-mars-landing-promise-gets-slammed-by-peter-schiff-even-as-elon-musk-says-spacex-plans-5-launc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Mars Landing Promise Gets Slammed By Peter Schiff Even As Elon Musk Says SpaceX Plans 5 Launches To Red Planet In 2 Years: &#8216;Just Don&#8217;t Want The Government To Do It&#8217;</a>
Why It Matters: The announcement of this new feature is a significant milestone for Tesla&#8217;s autonomous driving technology. Earlier this month, Tesla launched the &#8220;Actually Smart Summon&#8221; feature, which allows owners to summon their vehicles <a href="https://www.benzinga.com/news/24/09/40681024/tesla-owners-can-now-summon-their-vehicles-using-their-phones">using their phones</a>. 
This feature is part of Tesla&#8217;s Full Self-Driving (FSD) <a href="https://www.benzinga.com/news/24/09/40681024/tesla-owners-can-now-summon-their-vehicles-using-their-phones">driver assistance technology</a>, which has been gradually rolling out to users. 
Earlier this year, Tesla made a notable change to its FSD package, rebranding it as &#8220;Full Self-Driving (Supervised).&#8221; This change means that the car will drive with <a href="https://www.benzinga.com/startups/24/09/40899899/tesla-switches-to-full-self-driving-supervised-for-new-cars-and-the-conspiracy-theories-are-already">minimal driver intervention</a>, but not completely autonomously. This rebranding has sparked discussions and conspiracy theories among Tesla owners and enthusiasts.
Just a day before the latest announcement, Musk stated that buses would become obsolete once Tesla&#8217;s <a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-">robotaxis start operating</a>. He emphasized that these robotaxis would take people from point to point at a cost similar to a bus ticket, highlighting the potential for Tesla&#8217;s autonomous technology to revolutionize transportation. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Buses Won&#8217;t Be Needed Once Tesla Robotaxis Start Operating: &#8216;Will Take People Point To Point For A Similar Cost&#8217;</a></li>
</ul>
Image Courtesy of Tesla 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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

Cat-themed cryptocurrency, cat in a dogs world (MEW) defied the broader memecoin stagnation on Monday to become one of the cohort&#8217;s top gainers.
What happened: The fourth-largest memecoin on Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) jumped more than 10% in the last 24 hours, while its trading volumes soared 70%.&nbsp;
The coin&#8217;s weekly gains increased to 34% following the latest uptick, helping traders recover losses from the previous month.
According to social media analytics tool <a href="https://lunarcrush.com/discover/cat-in-a-dogs-world?metric=interactions%2Csocial_dominance%2Cclose&amp;scale=&amp;interval=1d">LunarCrush</a>, socially-driven engagements, including likes, comments, and views for the coin, surged 442% in the last 24 hours, reflecting strong interest among retail traders.
The coin's northward movement stood in sharp contrast to the performance of sector heavyweights like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), which fell 0.29% and 2.18%, respectively.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40994028/elon-musk-dons-his-maga-hat-to-meet-pro-bitcoin-president-javier-milei-duo-discuss-argenti">Elon Musk Dons His MAGA Hat To Meet Pro-Bitcoin President Javier Milei: Duo Discuss Argentina&#8217;s Journey To Normalcy</a>
Why It Matters: Launched to challenge the hegemony of dog-themed memecoins, MEW has nearly tripled in value since its introduction in late March.&nbsp;
Widely-followed trader Yelo made a strong case for the token, saying it deserved to be at the top of investors' radar.
The trader highlighted MEW's listing on London-based cryptocurrency trading platform Revolut and Korean cryptocurrency exchange Upbit.
<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">ngl <a href="https://twitter.com/search?q=%24MEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MEW</a> should be at the top of most ppls radar, they just got listed on revolut &amp; upbit in the same 24 hr and its widely loved in asia, especially korea &amp; the krw/mew pair drops soon not to mention the top 5 volume on most exchanges its listed on lol perma bull for <a href="https://twitter.com/search?q=%24mew&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$mew</a> <a href="https://t.co/0PPwOE03kI">pic.twitter.com/0PPwOE03kI</a>
&mdash; Yelo (@yelotree) <a href="https://twitter.com/yelotree/status/1838388778366312792?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Interestingly, another cat-themed memecoin, Popcat (SOL), is currently the <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40357274/cat-themed-popcat-has-popped-whopping-6813-this-year-feline-themed-coins-are-challenging-s">top performer</a> for 2024, soaring an impressive 11,203.24 this year.
Price Action: At the time of writing, MEW was exchanging hands at 0.00548, up 10.23% in the last 24 hours, according to data from CoinMarketCap.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40993290/trump-vs-harris-2024-election-betting-odds-show-vice-president-maintains-lead-as-race-near">Trump Vs. Harris: 2024 Election Betting Odds Show Vice President Maintains Lead As Race Nears One-Month Mark</a></li>
</ul>

$DOGE

$SHIB

$SOL

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

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

Politics

MSFT

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

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

Legal

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

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

ETFs

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

ARKF

ARKK

ARKW

PINS

PLTR

PYPL

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

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

$ETH

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

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

Economics

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

The major U.S. indices closed in positive territory, with the Dow Jones Industrial Average gaining 0.15% to finish at 42,124.65, while the S&amp;P 500 climbed nearly 0.3% to 5,718.57. The Nasdaq also edged up, rising about 0.1% to 17,974.27.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media &amp; Technology Group&#8217;s shares plunged by 10.33%, closing at $12.15, following the <a href="https://www.benzinga.com/news/24/09/40987695/whats-going-on-with-trump-media-technology-stock">expiration of a major lockup period</a>. This allowed large shareholders, including Donald Trump, to sell shares if they wished. Despite Trump&#8217;s repeated assurances that he will not be selling his shares, the stock&#8217;s performance was negatively impacted.
GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop shares rose by 2.11% to close at $22.31 after the company announced the completion of its <a href="https://www.benzinga.com/news/24/09/40991944/gamestop-stock-jumps-monday-after-the-bell-whats-going-on">at-the-market offering program</a>. This move has sparked interest among investors.
See Also: <a href="https://www.benzinga.com/news/24/09/40972893/trumps-mars-landing-promise-gets-slammed-by-peter-schiff-even-as-elon-musk-says-spacex-plans-5-launc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Mars Landing Promise Gets Slammed By Peter Schiff Even As Elon Musk Says SpaceX Plans 5 Launches To Red Planet In 2 Years: &#8216;Just Don&#8217;t Want The Government To Do It&#8217;</a>
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s shares climbed 2.04% to close at $90.09. The company&#8217;s cloud computing unit has partnered with Nvidia Inc. to <a href="https://www.benzinga.com/news/24/09/40988975/alibaba-shares-are-trading-higher-whats-going-on">enhance autonomous driving</a> for Chinese EV makers. This move has been seen as strategic, especially amid U.S. sanctions restricting access to advanced semiconductor chips.
Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>)
Snowflake&#8217;s shares dipped by 2.71% to close at $113.26 after the company announced a $2 billion <a href="https://www.benzinga.com/news/24/09/40991747/snowflake-stock-dips-on-offering-after-hours-what-to-know">private placement of senior convertible notes</a>. This move has led to a decrease in the company&#8217;s stock price.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares surged by 4.93% to close at $250 as investors anticipate the company&#8217;s third-quarter delivery figures and the <a href="https://www.benzinga.com/news/24/09/40992274/what-happened-with-tesla-stock-today">release of its robotaxi</a>. Barclays analyst Daniel Levy expects Tesla deliveries to exceed the consensus estimate of 460,000. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40969515/amazon-going-nuclear-hiring-plans-indicate-company-may-be-eyeing-nuclear-to-meet-energy-needs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Going Nuclear? Hiring Plans Indicate Company May Be Eyeing Nuclear To Meet Energy Needs</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>

BABA

SNOW

Trump Media & Technology, GameStop, Alibaba, Snowflake, Tesla: Why These 5 Stocks Are On Investors' Radars Today

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

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

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

Tesla and SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;met Argentina president&nbsp;Javier Milei, displaying camaraderie reminiscent of their previous meetings.
What Happened: A video shared by the official X handles of Milei and Musk showed the two greet each other with a warm handshake.
Interestingly, Musk wore a MAGA (Make America Great Again) hat, and made a gesture pointing to it, evoking laughs from the Argentinian leader, though the exact words exchanged were unclear as of this writing.
<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">Así fue el reencuentro entre Elon Musk y Javier Milei. Argentina volverá a ser grande otra vez. <a href="https://t.co/Tddga9EYrV">pic.twitter.com/Tddga9EYrV</a>
&mdash; El Peluca Milei (@ElPelucaMilei) <a href="https://twitter.com/ElPelucaMilei/status/1838333503257161869?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Milei is in town to deliver Argentina's national address to the United Nations General Assembly on Tuesday. 
Musk then proceeded to meet other people in Milei&#8217;s entourage. Finally, the tech czar posed with the president, giving a double thumbs up, a photo-op similar to one seen during their previous meeting.
According to presidential spokesperson Manuel Adorni, Musk and Milei talked about a range of economic policies introduced by Argentina, including deregulation and tax incentives like RIGI, aimed at boosting investments in the South American nation. The two also discussed Argentina&#8217;s path to normality.
<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">Gran reunión con Elon Musk: conversaron sobre el proceso de desregulación que se está llevando adelante, de todos los detalles del RIGI, de las implicancias de la Ley Bases y del camino que está recorriendo la Argentina en su regreso a la normalidad. Fin. <a href="https://t.co/roJO9Av0kH">pic.twitter.com/roJO9Av0kH</a>
&mdash; Manuel Adorni (@madorni) <a href="https://twitter.com/madorni/status/1838271910783734256?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<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/24/09/40989296/ethereum-outshines-bitcoin-after-u-s-federal-reserve-rate-cut-but-heres-how-volatility-cou">Ethereum Outshines Bitcoin After U.S. Federal Reserve Rate Cut, But Here&#8217;s How Volatility Could Crash The Party</a>
Why It Matters: Musk and Milei <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38659381/elon-musk-meets-bitcoin-supporting-president-javier-milei-again-i-recommend-investing-in-a">previously connected</a> on the sidelines of the 27th annual Milken Institute Global Conference in May, after which the multibillionaire had famously said, &#8220;I recommend investing in Argentina.&#8221;&nbsp;
Earlier this month, Musk was all praise for Milei&#8217;s policies in &#8220;restoring Argentina&#8217;s greatness.
A free-market proponent, Milei secured victory in the November elections after promising large cuts in public spending to address Argentina&#8217;s fiscal deficit and increasing inflation. His libertarian stance is also reflected in his support for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), making him one of the very few heads of state to openly endorse the asset.
However, the president has also faced criticism for his austerity measures, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40825073/pro-bitcoin-president-javier-milei-triumphs-as-pension-spending-hike-stalled-in-argentinas">with many taking to the streets </a>to oppose his attempts to halt the increase in pension spending.
Image via Shutterstock
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Elon Musk Dons His MAGA Hat To Meet Pro-Bitcoin  President Javier Milei: Duo Discuss Argentina's Journey To Normalcy

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
LENSAR (NASDAQ:<a href="https://investorplace.com/stock-quotes/lnsr-stock-quote/">LNSR</a>) just reported results for the first quarter of 2024.<ul><li>LENSAR reported earnings per share of -19 cents. This was above the analyst estimate for EPS of -28 cents.</li><li>The company reported revenue of $10.59 million.</li><li>This was 0.36% better than the analyst estimate for revenue of $10.55 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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LNSR Stock Earnings: LENSAR Beats EPS, Beats Revenue for Q1 2024

LENSAR, Inc. (LNSR) Q1 2024 Earnings Call Transcript

There's a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Eli Lilly & Co (LLY – Research Report), LENSAR (LNSR...

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Buying low-priced stocks with explosive potential is any investor&rsquo;s dream &mdash; but it&rsquo;s not easy. Many stocks trade under $10 in the market, yet not all are quality picks. Some deserve to trade at low prices, while some are in temporary slumps that might improve over time. However, to get impressive returns, you must look for relatively unknown stocks showing signs of growth and ride that elevator up to your first million.



Today, I&rsquo;ll show you how I maximize my investment returns by picking the best stocks under $10 that have the potential to make investors millions. To get this list, I used the following criteria below:



<ul><li>Buy ratings from analysts</li>



<li>Trading below $10</li>



<li>Positive YOY revenue growth in the previous fiscal year</li>



<li>Positive YTD performance</li>
</ul>I then sorted my list from highest to lowest YTD price performance to ensure that I only focus on stocks that are market performers. Let&rsquo;s start the list with the top one.&nbsp;



<h2>Paysign (PAYS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/creditcards1600-300x169.jpg" alt="a pile of credit cards, credit card interest rates"><div>Source: Teerasak Ladnongkhun/Shutterstock.com</div></div>One of the top providers of prepaid card programs, Paysign (NASDAQ:<a href="https://investorplace.com/stock-quotes/pays-stock-quote/">PAYS</a>) is a fintech company specializing in prepaid card products and payment solutions utilized by corporate, government and consumer clients.&nbsp;



The company&rsquo;s solutions allow organizations to increase adherence rates, reduce administrative costs and disburse payments and payment benefits. It aims to reinforce its payment processing capabilities further. To assist, the company hired <a href="https://www.nasdaq.com/press-release/paysign-inc.-reinforces-payment-processing-acumen-with-new-executive-hire-2024-03-13">Sandy Ortins, AAP, APRP, NCP</a>, who will serve as an executive on its electronic fund transfer team.



Paysign&rsquo;s FY 2023 financials did not disappoint. <a href="https://finance.yahoo.com/news/paysign-inc-nasdaq-pays-q4-133854222.html">Total revenue grew 24% YOY</a> to $47.3 million, while adjusted EBITDA increased by 21%. Even more impressive is the net income growth that came in at a whopping 528% increase.&nbsp;



&ldquo;We are extremely pleased with our performance as we continue to grow revenue and net income and adjust EBITDA,&rdquo; says <a href="https://finance.yahoo.com/news/paysign-inc-nasdaq-pays-q4-133854222.html">CEO Mark Newcomer</a>. Analysts seem pleased as well, rating PAYS stock a &ldquo;<a href="https://www.nasdaq.com/market-activity/stocks/pays/analyst-research">strong buy</a>.&rdquo; It&rsquo;s trading close to $4 and is already up an impressive 61.42% YTD, so those willing to bet on stocks under $10 can get in on the action.&nbsp;



<h2>LENSAR (LNSR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/robotics-medical-1600-300x169.jpg" alt="robotic arms over medical bed symbolizing medical robotics. favorite robotics stocks to buy"><div>Source: shutterstock.com/MAD.vertise</div></div>Known as the leader in refraction cataract surgery, LENSAR (NASDAQ:<a href="https://investorplace.com/stock-quotes/lnsr-stock-quote/">LNSR</a>) is a medical device company that specializes in femtosecond laser systems used in cataract and corneal astigmatism treatment. The company has two main flagship products:&nbsp;



<ul><li>ALLY Adaptive Cataract Treatment System (ALLY System) helps surgeons perform laser-assisted cataract procedures.</li>



<li>LENSAR Laser System is a treatment platform that helps surgeons perform precise cataract procedures through 3D Augmented Reality.</li>
</ul>LENSAR&rsquo;s FY 2023 results reported <a href="https://ir.lensar.com/news/news-details/2024/LENSAR-Reports-Fourth-Quarter-and-Full-Year-2023-Results-and-Provides-Business-Update/default.aspx">revenue up 19%</a>, with ALLY system sales constituting the bulk of the growth. This good news is further supported by 77% of revenue from recurring business activities and sources. While the company is still operating at a net loss, the bottom line has improved from a loss of $1.96 to a loss of $1.31 per share.&nbsp;<a href="https://ir.lensar.com/news/news-details/2024/LENSAR-Reports-Fourth-Quarter-and-Full-Year-2023-Results-and-Provides-Business-Update/default.aspx">CEO and President Nick Curtis</a> says: 




&ldquo;With continued strong growth in mind, we are working toward securing additional regulatory approvals outside the U.S. and intend to launch in select international markets subject to receiving regulatory clearances, which we expect in 2024 while continuing to expand the ALLY installed base in the U.S.&rdquo;




This vote of confidence contributed to BTIG&rsquo;s &ldquo;<a href="https://www.nasdaq.com/market-activity/stocks/lnsr/analyst-research">strong buy</a>&rdquo; recommendation for LNSR. Yet, it&rsquo;s only up 11.39% YTD, making it one of the more attractive stocks under $10 today.&nbsp;



<h2>Cadiz (CDZI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/water_3_1600-300x169.jpg" alt="A zoomed in photo of a drop of water hitting a container of water's surface."><div>Source: Sambulov Yevgeniy/ShutterStock.com</div></div>Utility companies mostly have the reputation of slow growers, or income stocks. It&rsquo;s rare to see companies like Cadiz (NASDAQ:<a href="https://investorplace.com/stock-quotes/cdzi-stock-quote/">CDZI</a>), which specializes in water solutions, have a growth spurt.&nbsp;



The company has been getting positive news with its definitive agreement with the <a href="https://cadizinc.com/cadiz-signs-northern-pipeline-delivery-agreement-with-santa-margarita-water-district/">Santa Margarita Water District</a> to provide water supply to the <a href="https://cadizinc.com/cadiz-signs-loi-with-city-of-hesperia-for-water-supply/">City of Hesperia</a>. The $5.2 million contract was awarded to its water filtration subsidiary, <a href="https://cadizinc.com/cadiz-unit-snags-5m-contract/">ATEC Water Systems</a>, for a treatment project in Oregon.



In 2023, Cadiz reported <a href="https://otp.tools.investis.com/clients/us/cadiz_inc1/SEC/sec-show.aspx?Type=html&amp;FilingId=17409738&amp;Cik=0000727273#CDZI20231231_10K_HTM_Item_15">$2 million in revenue</a>, up from $1.5 million in FY 2022. Net loss per common share also shrank from 60 cents to 56 cents per share in the same year.&nbsp;



It makes sense why B. Riley Security rates CDZI stock as <a href="https://www.nasdaq.com/market-activity/stocks/cdzi/analyst-research">a strong buy right now</a>. The stock is up 6.21% YTD, with perhaps more growth to come.&nbsp;



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, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.</div><h3>More From InvestorPlace</h3>
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3 Under-$10 Stocks With the Potential to Make You a Millionaire

In a report released today, Frank Takkinen from Lake Street reiterated a Buy rating on LENSAR (LNSR – Research Report), with a price target of $8.0...

Lake Street Keeps Their Buy Rating on LENSAR (LNSR)

LENSAR reports Q2 results

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
LENSAR (NASDAQ:<a href="https://investorplace.com/stock-quotes/lnsr-stock-quote/">LNSR</a>) just reported results for the second quarter of 2024.<ul><li>LENSAR reported earnings per share of -46 cents. This was below the analyst estimate for EPS of -29 cents.</li><li>The company reported revenue of $12.64 million.</li><li>This was 4% better than the analyst estimate for revenue of $12.15 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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LNSR Stock Earnings: LENSAR Misses EPS, Beats Revenue for Q2 2024

LENSAR, Inc. (LNSR) Q2 2024 Earnings Call Transcript

LENSAR (LNSR) Gets a Buy from Lake Street

ABBV

ATHA

CDZI

PAYS

PSNL

Press Releases

LENSAR Reports First Quarter 2024 Results and Provides Business Update

LENSAR to Participate in the 2024 Leerink Partners Healthcare Crossroads Conference

LENSAR Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

LENSAR to Report Second Quarter 2024 Financial Results on Thursday, August 8, 2024

LENSAR Announces Certification for the ALLY® Adaptive Cataract Treatment System in the European Union

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LENSAR (LNSR) Forecast

LENSAR (NASDAQ:LNSR) Stock, Quote.Headers.trade-ideas