Short interest for Next Technology Holding gives investors a sense of the degree to which investors are betting on the decline of Next Technology Holding's stock. Short interest data is updated every two weeks.

Next Technology Holding Stock (NASDAQ:NXTT), Short Interest Report

Next Technology Holding

WeTrade Group

Next Technology Holding Inc pursues two corporate strategies. One business strategy is to continue providing software development services, and the other strategy is to acquire and hold Bitcoin. It provides AI-enabled software development services to its customers, which include developing, designing, and implementing various SAAS software solutions for businesses of all types, including industrial and other businesses. Its bitcoin acquisition strategy generally involves acquiring bitcoin with its liquid assets that exceed working capital requirements, and from time to time, subject to market conditions, issuing debt or equity securities or engaging in other capital raising transactions to use the proceeds to purchase bitcoin.

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Shares of  Ulta Beauty, Inc. (NASDAQ: ULTA) fell sharply during Wednesday’s session amid the company&#39;s presentation at the J.P. Morgan Retail Roundup investor conference where the company reportedly issued a weak outlook.

Ulta Beauty shares dipped 13.7% to $448.08 on Wednesday.

Why Ulta Beauty Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The S&amp;P 500 and Nasdaq ended their five-week winning streaks with declines of 0.51% and 1.1%, respectively. The Dow Jones Industrial Average also fell by 0.98%, marking its second consecutive week of losses.
Despite the challenging week, May proved to be successful for the markets, with each major index posting gains for the sixth time in seven months. The Dow climbed 2.3% for the month, the S&amp;P 500 increased by 4.8% and the Nasdaq surged 6.88%, achieving its best performance since November.
The Fed&#8217;s preferred inflation indicator remained stable in April, alleviating some concerns about rising prices. However, a slowdown in consumer spending and income growth indicated weakening consumer health. Additionally, the Chicago business activity index dropped to its lowest point since May 2020, fueling worries about a <a href="https://www.benzinga.com/markets/equities/24/05/39120241/wall-street-snaps-five-week-winning-streak-economic-growth-slows-inflation-holds-steady-in-april">potential end-cycle slowdown.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39037833/magnificent-7-becomes-the-magnificent-one-wall-street-guru-hails-single-tech-stock">Magnificent 7 Becomes The Magnificent One: Wall Street Guru Hails Single Tech Stock</a>,&#8221; by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, reports that Ed Yardeni of Yardeni Research now considers Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) as the key driver among the Magnificent 7 tech giants due to its substantial year-to-date rally and dominance in the AI sector.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39032058/shiba-inu-investor-turns-2-625-investment-in-dogecoin-killer-to-1-1m-afer-3-5-years-of-ina">Shiba Inu Investor Turns $2,625 Investment In &#8216;Dogecoin Killer&#8217; To $1.1M After 3.5 Years Of Inactivity</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, highlights a trader's remarkable 419X profit from selling Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) tokens bought for $2,625 and sold for $1.1 million after 3.5 years.
&#8220;<a href="https://www.benzinga.com/markets/equities/24/05/39043258/gamestop-rally-returns-after-share-offering-how-will-company-use-1-billion-in-proceeds">GameStop Rally Returns After Share Offering: How Will Company Use $1 Billion In Proceeds?</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, details GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) raising $933.4 million through a share offering to fund potential acquisitions and investments, sparking investor interest and a stock rally.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39070528/dogecoin-is-the-easiest-play-will-2x-instantly-once-it-starts-moving-bullish-traders-predi">Dogecoin Is &#8216;The Easiest Play, &#8216;Will 2x Instantly&#8217; Once It Starts Moving, Bullish Traders Predict</a>
<a href="https://www.benzinga.com/news/24/05/39094195/major-cruise-operators-slash-summer-prices-despite-high-demand-heres-why">Major Cruise Operators Slash Summer Prices Despite High Demand &#8211; Here&#8217;s Why</a>
<a href="https://www.benzinga.com/markets/equities/24/05/39079527/palantir-stock-shrugs-off-cramers-sell-call-as-480m-ai-contract-for-army-fuels-premarket-rally">Palantir Stock Shrugs Off Cramer&#8217;s Sell Call As $480M AI Contract For Army Fuels Premarket Rally</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/24/05/39053016/economist-paul-krugman-says-degradation-of-google-and-other-search-engines-are-making-his-job-diffic">Economist Paul Krugman Says Degradation Of Google And Other Search Engines Are Making His Job Difficult</a>,&#8221; by <a href="https://www.benzinga.com/author/ananya-gairola">Ananya Gairola</a>, reports that Paul Krugman criticized Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and other search engines for declining quality, making it harder to find reliable information for his work.
&#8220;<a href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve">Time Runs Out For BHP Deal: $49-Billion Acquisition Of Anglo American Proves Too Complex To Solve</a>,&#8221; by <a href="https://www.benzinga.com/author/stjepan-kalinic">Stjepan Kalinic</a>, details BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) abandoning its $49.2 billion bid to acquire Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) due to the deal&#8217;s complexity, especially concerning Anglo&#8217;s South African assets.
&#8220;<a href="https://www.benzinga.com/news/24/05/39084543/tesla-board-slams-glass-lewis-after-it-recommends-shareholders-to-vote-against-elon-musks-56b-pay-pa">Tesla Board Slams Glass Lewis After It Recommends Shareholders To Vote Against Elon Musk&#8217;s $56B Pay Package</a>,&#8221; by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, details Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) criticizing Glass Lewis for urging shareholders to reject Elon Musk&#8216;s rescinded $56 billion pay package, calling the advisory firm&#8217;s findings &#8220;faulty&#8221; and &#8220;speculative.&#8221;
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/markets/equities/24/05/39035608/cathie-woods-ark-innovation-etf-sees-sharp-decline-among-top-holdings-here-are-10-largest-losers">Cathie Wood&#8217;s Ark Innovation ETF Sees Sharp Decline Among Top Holdings — Here Are 10-Largest Losers Within ARKF</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39043485/scared-of-biden-staying-33-of-voters-will-consider-candidates-crypto-stance-in-2024-survey">&#8216;Scared Of Biden Staying?&#8217; 33% Of Voters Will Consider Candidate&#8217;s Crypto Stance In 2024, Survey Says</a>
<a href="https://www.benzinga.com/news/earnings/24/05/39095231/jim-cramer-says-salesforce-stock-slide-can-be-traced-back-to-nvidia-lets-not-buy-a-really-big-softw">Jim Cramer Says Salesforce Stock Slide Can Be Traced Back To Nvidia: &#8216;Let&#8217;s Not Buy A Really Big Software Package&#8230;&#8217;</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image generated using artificial intelligence via Midjourney.

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Benzinga Bulls And Bears: Nvidia, Tesla, Alphabet And Shiba Inu investor Turns $2,625 Into $1.1M

Every year on June 1, many countries celebrate International Children&#8217;s Day. The day is dedicated to the advocacy of children's rights. It also serves as a reminder of the ongoing efforts toward making education and safety the basic right of every child. You can also become a part of this tradition and inspire your kids with stories of incredible children making a difference in the world.
Here are five inspiring young changemakers who have become an example for all of us:
Greta Thunberg: The Teenager From Sweden Who Became Climate Warrior
A global name today, she started her revolution by striking from school on Fridays, holding a sign that read &#8220;School Strike for Climate.&#8221; Her passionate speech at the UN Climate Summit inspired millions worldwide to ask their governments to put more effort into preventing climate change.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01045314/shutterstock_1659421072-1024x683.jpg" alt="" class="wp-image-366502" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01045314/shutterstock_1659421072-1024x683.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01045314/shutterstock_1659421072-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01045314/shutterstock_1659421072-768x512.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01045314/shutterstock_1659421072-1536x1024.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01045314/shutterstock_1659421072.jpg 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Greta Thunberg &#x7C; Image Via Shutterstock</figcaption></figure>
Malala Yousafzai: The Girl Who Was Shot By Taliban, But Survived And Advocated Education
The youngest Nobel Prize winner, Yousafzai caught the world's attention after she survived an attack by Taliban in Pakistan. Yousafzai was coming back from school when the terrorists shot her. She has continued her charity work which focuses on educating young girls through The Malala Fund.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="732" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01050631/shutterstock_2335042691-1024x732.jpg" alt="" class="wp-image-366507" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01050631/shutterstock_2335042691-1024x732.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01050631/shutterstock_2335042691-300x214.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01050631/shutterstock_2335042691-768x549.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01050631/shutterstock_2335042691.jpg 1511w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Malala Yousafzai &#x7C; Image Via Shutterstock</figcaption></figure>
Samantha Smith: The 10-Year-Old Peace Envoy Who Is America&#8217;s Youngest Ambassador
She wrote a letter to Soviet leader Yuri Andropov at the age of just 10 when Cold War tensions were high between the U.S. and Russia. In her letter, she suggested that both countries learn to co-exist peacefully. Andropov later invited her to visit, earning her the role of &#8220;America&#8217;s Youngest Ambassador.&#8221; At the age of 13, she died in a plane crash.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="500" height="352" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01051843/175824143.jpg" alt="" class="wp-image-366516" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01051843/175824143.jpg 500w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01051843/175824143-300x211.jpg 300w" sizes="(max-width: 500px) 100vw, 500px" /><figcaption class="wp-element-caption">Samantha with Andropov&#8217;s response &#x7C; Image via www.SamanthaSmith.info</figcaption></figure>
Nkosi Johnson: The Kid Who Was Denied Entry In School, But Made Sure To Educate Others
Born with HIV, he gained attention after being denied entry to a school in Johannesburg. Johnson also became a representative of the HIV/AIDS crisis in Africa in the 1990s. After his death at the age of just 12, he was posthumously awarded the International Children&#8217;s Peace Prize.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01052806/nkositop1600_I002473_-1-1024x512.jpeg" alt="" class="wp-image-366523" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01052806/nkositop1600_I002473_-1-1024x512.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01052806/nkositop1600_I002473_-1-300x150.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01052806/nkositop1600_I002473_-1-768x384.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01052806/nkositop1600_I002473_-1-1536x768.jpeg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01052806/nkositop1600_I002473_-1.jpeg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Nkosi Johnson&#x7C; Image via worldschildrensprize.org</figcaption></figure>
Anne Frank: The Diarist Whose Words Are Immortan Since World War II
The teenage diarist who converted the horrors of war into words and put them into writing died in 1945, but her words remain timeless. The young girl who was hiding along with her family during World War II, wrote about her fears, hopes, and experiences, giving the world today a first-hand peek into what happened back then.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01053618/shutterstock_473668291-1024x683.jpg" alt="" class="wp-image-366527" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01053618/shutterstock_473668291-1024x683.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01053618/shutterstock_473668291-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01053618/shutterstock_473668291-768x512.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01053618/shutterstock_473668291-1536x1024.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01053618/shutterstock_473668291.jpg 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Anne Frank&#8217;s picture in the Holocaust Memorial Museum &#x7C; Image Via Shutterstock</figcaption></figure>
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General

This International Children's Day, Introduce Your Kids To The Inspiring Life Of These 5 Young Changemakers

Nvidia Corp. founder and CEO Jensen Huang is known as the <a href="https://www.benzinga.com/topic/jensen-huang">"Godfather of GPU,"</a> but he got there thanks to sheer discipline and hard work. He has also emphasized in the past that he "embraces" pain to succeed in life, something that led him to wish "suffering" on Stanford graduates.
But beyond his disciplined lifestyle and the iconic jacket that he wears everywhere, a new <a href="https://www.businessinsider.in/tech/news/nvidia-insiders-reveal-how-jensen-huang-wants-emails-to-be-written/articleshow/110537271.cms">report</a> from Business Insider has shed light on what Huang is like at his company, Nvidia.
If you're looking to land a job at Nvidia, perhaps it's important for you to understand what Huang wants in emails from his employees.
See Also: <a href="https://www.benzinga.com/news/24/05/38895387/nvidias-jensen-huang-tells-stanford-graduates-to-embrace-pain-for-success-hope-suffering-happens-to">Nvidia&#8217;s Jensen Huang Tells Stanford Graduates To Embrace &#8216;Pain&#8217; For Success: &#8216;&#8230;Hope Suffering Happens To You&#8217;</a>
<h2 class="wp-block-heading">5 Things Jensen Huang Wants In Emails From His Employees</h2>
<h3 class="wp-block-heading">1. Cut To The Chase</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091011/Huang-1-1024x585.jpg" alt="" class="wp-image-365371" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091011/Huang-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091011/Huang-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091011/Huang-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091011/Huang-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091011/Huang-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of an email inbox &#x7C; Image generated using Dall-E</figcaption></figure>
Huang likes the "TL;DR", or "too long; didn't read," approach to emails. In essence, emails need to be short and to the point.
"It was explained early on that you have to get it down to a staccato type of email," a former Nvidia worker said.
<h3 class="wp-block-heading">2. ‘Nail Down What You Have To Say'</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091045/Huang-2-1024x585.jpg" alt="" class="wp-image-365372" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091045/Huang-2-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091045/Huang-2-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091045/Huang-2-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091045/Huang-2-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091045/Huang-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of a person typing an email &#x7C; Image generated using Dall-E</figcaption></figure>
Huang prefers his employees to have a crystal clear idea of what they want to say. He follows the "nail down what you have to say" policy, and if there's anything more that needs to be said, it is then a conversation, not another email.
<h3 class="wp-block-heading">3. Identify Key Points</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091112/Huang-3-1024x585.jpg" alt="" class="wp-image-365377" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091112/Huang-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091112/Huang-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091112/Huang-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091112/Huang-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091112/Huang-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of key points &#x7C; Image generated using Dall-E</figcaption></figure>
Huang's email technique involves him and his employees identifying the key points they need to say and putting them down succinctly. This saves time and also simplifies the points that people want to put across.
<h3 class="wp-block-heading">4. Focus On Top Priorities Each Week</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091131/Huang-4-1024x585.jpg" alt="" class="wp-image-365378" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091131/Huang-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091131/Huang-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091131/Huang-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091131/Huang-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091131/Huang-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of priorities &#x7C; Image generated using Dall-E</figcaption></figure>
Another expectation that Huang has from his employees is that they should email him and their managers the top five priorities they will work on during the week.
<h3 class="wp-block-heading">5. Six Line Emails</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091151/Huang-5-1024x585.jpg" alt="" class="wp-image-365379" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091151/Huang-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091151/Huang-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091151/Huang-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091151/Huang-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31091151/Huang-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representative image of emails &#x7C; Image generated using Dall-E</figcaption></figure>
Huang's focus on clear and short communication means that emails at Nvidia are between five and six lines. "You&#8217;d get in trouble for sending a super-long email to him," said the former employee.
Read Next: <a href="https://www.benzinga.com/news/24/05/38916796/why-nvidias-jensen-huang-wont-slow-down-everything-else-next-to-it-is-undesirable-says-ceo-of-2-tril">Why Nvidia&#8217;s Jensen Huang Won&#8217;t Slow Down: &#8216;…Everything Else Next To It Is Undesirable,&#8217; Says CEO Of $2 Trillion Chip Empire</a>
Photo courtesy: Raysonho via Wikimedia

Success Stories

Tech

5 Things Nvidia's Jensen Huang Wants In Emails From His Employees

U.S. Securities and Exchange Commission (SEC) on Friday charged Massachusetts man Robert Scott Murray, and his company, Trillium Capital LLC, with a fraudulent scheme to manipulate the <a href="https://www.benzinga.com/markets/equities/24/05/39043435/getty-images-4-whats-going-on">stock price of </a>Getty Images Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>).
What Happened: The SEC accused Murray and Trillium of orchestrating a fraudulent scheme to inflate the stock price of Getty Images by falsely announcing a buyout offer from Trillium. 
The SEC&#8217;s complaint, filed in the U.S. District Court for the District of Massachusetts, alleges that Murray and Trillium issued press releases in early April 2023, urging Getty Images to either sell itself or add Murray to its board of directors.
When these releases failed to significantly impact the stock price, Murray allegedly devised a plan to inflate the stock price by announcing a fake buyout offer for $10 a share, or twice Getty&#8217;s closing price the prior trading day, causing Getty&#8217;s stock prices to rise.
SEC termed the offer &#8220;false and misleading&#8221; and said that Murray and Trillium never had the intention to buy the company and made no genuine effort to fund the proposed transaction. Murray started liquidating his Getty stock immediately after the announcement, without waiting for Getty&#8217;s response, it said.
"Murray claimed that his buyout proposal could create real value for <a href="https://www.benzinga.com/markets/equities/24/04/38051266/fast-lane-to-success-getty-snaps-up-motorsport-images-accelerates-customer-offerings">Getty shareholders</a>," said Mark Cave, Associate Director in the SEC's Division of Enforcement, in a statement. "But we allege that, in the end, Murray leveraged his professional credentials to orchestrate an old-fashioned pump-and-dump scheme, disguised as shareholder activism."
Why It Matters: To resolve SEC&#8217;s charges of violating antifraud provisions, Murray and Trillium have agreed to a judgment that permanently prohibits them from future violations of certain federal securities laws, bars Murray from serving as an officer or director of a public company, and restricts them from participating in certain securities-related conduct.
The SEC&#8217;s charges against Murray and Trillium come together with the U.S. Attorney&#8217;s Office for the District of Massachusetts announcing criminal charges against Murray. 
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 More:&nbsp;<a href="https://www.benzinga.com/news/24/06/39123859/elon-musk-reveals-teslas-fsd-will-have-three-modes-for-drivers-to-choose-from-chill-standard-and-hur">Elon Musk Reveals Tesla&#8217;s FSD Will Have Three Modes For Drivers To Choose From: &#8216;Chill, Standard And Hurry&#8217;</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Legal

GETY

Getty Images Takeover Bid Was 'Old-Fashioned Pump-And-Dump Scheme,' Finds SEC: Massachusetts Man Pleads Guilty

Netflix Inc. co-founder&nbsp;Marc Randolph on Friday shared his unique perspective on the key ingredients for business success.
What Happened: Randolph&nbsp;took to X, formerly Twitter, and in a series of posts <a href="https://www.benzinga.com/general/entertainment/23/04/31801202/when-netflix-founders-tried-selling-the-company-to-amazon-blockbuster-they-laughed-us-out-o">shared his thoughts</a> on entrepreneurship. He argued that an MBA degree, being based in Silicon Valley, or having investors are not essential for success. &#8220;What you need is a tolerance for risk. You need passion. And above all else, you need an idea,&#8221; he stated.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Stop thinking you need an MBA. Stop thinking you need to be in Silicon Valley. Stop thinking you need investors. What you need is a tolerance for risk. You need passion. And above all else, you need an idea.
&mdash; Marc Randolph (@mbrandolph) <a href="https://twitter.com/mbrandolph/status/1796642742346649633?ref_src=twsrc%5Etfw">May 31, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/39078600/meta-ai-chief-yann-lecun-says-elon-musk-could-use-this-new-paper-to-improve-xais-grok-amid-ongoing-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta AI Chief Yann LeCun Says Elon Musk Could Use This New Paper To Improve xAI&#8217;s Grok Amid Ongoing Feud</a>
When a user asked him about how to come up with a good idea and develop the skills required, Randolph&#8217;s advice was, &#8220;Search for pain. View the world as an imperfect place. And fall in love with trying to solve problems — the skills will come through action.&#8221;
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01033409/Screenshot-2024-06-01-at-1.04.04%E2%80%AFPM-1024x490.png" alt="" class="wp-image-366450" /></figure>
The Netflix co-founder also said that an individual can build a functional prototype, research the market and competition, and even create a decent initial website alone, but &#8220;no matter how much you can get done on your own, at some point, you need to ask for help.&#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: Randolph&#8217;s latest comments align with his previous views on entrepreneurship. In April, he said that the <a href="https://www.benzinga.com/news/24/04/38023433/netflix-co-founder-says-the-best-reason-to-work-on-a-startup-isnt-to-make-money">primary motivation for working in a startup</a> should not be about making money, but rather about solving intriguing problems.
Previously, he also shared his <a href="https://www.benzinga.com/startups/24/02/37095793/former-netflix-ceos-secret-to-work-life-balance-how-marc-randolphs-simple-tuesday-trick-avoided-havi">secret to work-life balance</a>, highlighting the importance of maintaining a personal life alongside professional commitments. &#8220;I&#8217;ve worked hard, for my entire career, to keep my life balanced with my job … for over 30 years, I had a hard cut-off on Tuesdays. Rain or shine, I left at exactly 5 p.m. and spent the evening with my best friend … nothing got in the way of that.&#8221;
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:&nbsp;<a href="https://www.benzinga.com/news/24/05/39053016/economist-paul-krugman-says-degradation-of-google-and-other-search-engines-are-making-his-job-diffic?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Economist Paul Krugman Says Degradation Of Google And Other Search Engines Are Making His Job Difficult: &#8216;And AI Is Worse Than Useless&#8217;</a>
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.
Photo by Priscilla Du Preez on Unsplash .

Netflix Co-Founder Says You Don't Need MBA Or Investors To Start A Business: 'Search For Pain… And Fall In Love With Trying To Solve Problems'

South Korean traders are showing a growing interest in digital assets linked to artificial intelligence (AI.) This surge in interest has seen the country&#8217;s share of global trading volumes for <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39041515/nvidias-influence-on-ai-tokens-market-reactions-highlight-role-of-render-ethereum">Nvidia Corp.'s </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39041515/nvidias-influence-on-ai-tokens-market-reactions-highlight-role-of-render-ethereum">AI-linked tokens</a> rise to 18.7% in May from a mere 0.6% in mid-2023.
What Happened: The AI tokens are typically issued by early-stage projects that aim to use blockchain technology for AI services, reported <a href="https://www.bloomberg.com/news/articles/2024-05-31/nvidia-loving-south-korean-crypto-traders-devour-risky-ai-tokens">Bloomberg</a> on Friday.
Despite the unproven utility of this combination, South Koreans are showing a strong affinity for both AI and crypto.
Approximately 10% of the South Korean population is exposed to tokens, with the majority of local trading being in volatile smaller coins, rather than the more established Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
Notably, Nvidia and Microsoft Corp. are the second and third most popular overseas stocks among domestic investors in South Korea this year, according to Korea Securities Depository figures.
Nvidia&#8217;s chips are integral to AI computer processing, while Microsoft is a key supporter of OpenAI and its ChatGPT tool.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39103396/dogecoin-killer-shiba-inus-burn-rate-spikes-nearly-250-as-whales-show-interest-in-the-meme?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu&#8217;s Burn Rate Spikes Nearly 250% As Whales Show Interest In The Memecoin</a>
The weekly trading volumes for AI tokens have averaged $8 billion since February, a significant increase from the all-time low of $300 million in mid-2023.
However, there are concerns about the sustainability of the interest in AI-linked crypto projects, given the digital-asset sector&#8217;s history of booms and busts in coins tied to popular memes or social trends.
Why It Matters: South Korea has been a significant player in the global crypto market for some time now. As of September 2023, South Korean citizens had declared over $98 billion in foreign digital assets, leading to the country being dubbed a <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34757853/is-south-korea-a-crypto-nation-citizens-declare-over-98b-in-foreign-digital-assets">&#8220;crypto nation.&#8221;</a>
The growing interest in AI-linked crypto projects is not surprising, given South Korea&#8217;s strong tech industry and the country&#8217;s ongoing fascination with cryptocurrencies.
This trend also reflects the global enthusiasm for AI and its potential applications in various sectors, driving investors to explore AI-related opportunities in the crypto space.
Meanwhile, top AI-based cryptocurrency tokens tumbled last week after AI chip giant Nvidia Corp. reported higher-than-expected earnings for the first quarter. Render, the token made gains ahead of the earnings announcement, was trading 3.79% lower. Render is know for the <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38971203/are-nvidia-earnings-bullish-for-crypto-trader-highlights-the-only-crypto-with-significant-">&#8220;most significant&#8221; ties</a> with the tech giant
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39065910/dogecoin-killer-shiba-inu-spikes-5-trader-sees-shib-season-and-this-data-point-could-mean-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Spikes 5%: Trader Sees &#8216;SHIB Season&#8217; And This Data Point Could Mean He&#8217;s Right</a>
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.
Photo courtesy: Shutterstock

$BTC

$ETH

Fueled By Craze For Nvidia, South Korean Crypto Traders Embrace Risky AI-Linked Tokens

Morgan Stanley analyst Adam Jonas conducted an investor survey over the week to conclude that more investors expect Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8216;s 2018 <a href="https://www.benzinga.com/markets/equities/24/05/38889994/why-cant-tesla-just-grant-elon-musk-a-new-pay-package-critic-and-legal-expert-says-ceo-cant-repl">pay package</a> to be reinstated than not.
What Happened: 57% of the 109 respondents to the survey expect the package to be approved with a shareholder vote, outnumbering the 23% of respondents who expect non-approval by a two-to-one ratio, Jonas revealed in a note on Friday. 
The Tesla bull expects the upcoming shareholder vote on Musk&#8217;s pay package to determine the long-term strategic direction of the company and drive material volatility in Tesla shares. 
Most investors believe a non-approval of the pay package will drive down stock while approval drives it up. About 68% of the investors Jonas surveyed said that they expect Tesla&#8217;s stock price to react positively over three trading days if the package is approved. A small 24% of these respondents even expect the stock to be up 6-10%.
81% of the respondents, meanwhile, are assured that the stock price will slump if the package is not approved with 54% expecting the stock to be down 6-10% or more.
Jonas, however, noted that 109 respondents are a small sample, and not all of them are necessarily Tesla shareholders.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Morgan Stanley&#39;s Adam Jonas has released a new <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> note after running a survey about Tesla&#39;s upcoming shareholder vote: &quot;57% of our 109 survey respondents expect approval of Elon Musk&#39;s comp package &#8211; outnumbering the portion of respondents who expect non-approval by &gt;2:1.&quot; <a href="https://t.co/LJs7taGuSf">pic.twitter.com/LJs7taGuSf</a>
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1796547856209416325?ref_src=twsrc%5Etfw">May 31, 2024</a></blockquote>
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Why It Matters: Shareholders will vote on Tesla's move to incorporate in Texas and Musk's&nbsp;<a href="https://www.benzinga.com/markets/equities/24/05/39053908/tesla-tempts-shareholders-with-giga-texas-tour-for-voting-on-ceo-elon-musks-rescinded-56b-pay-pa" target="_blank" rel="noreferrer noopener">rescinded 2018 compensation</a>&nbsp;ahead of the June 13 annual meeting. The pay package, worth $56 billion at the time of award, was rescinded by a Delaware court earlier this year after deeming it an "unfathomable sum." 
Tesla&#8217;s board is attempting to reinstate it with a shareholder vote yet again. The vote results will be announced at the company&#8217;s upcoming shareholder meeting scheduled for June 13.
Proxy advisory firms Institutional Shareholder Services&nbsp;(ISS)&nbsp;and Glass Lewis have both<a href="https://www.benzinga.com/news/24/05/39104486/another-proxy-advisory-firm-advises-against-voting-for-tesla-ceo-musks-excessive-pay-but-backs-texas"> recommended that shareholders vote against the pay package </a>this time, terming it &#8220;excessive.&#8221;
On Thursday, Musk slammed shareholders who voted for his package in 2018 but&nbsp;are now voting against it&nbsp;as "oathbreakers."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They are oathbreakers
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1796212003821814227?ref_src=twsrc%5Etfw">May 30, 2024</a></blockquote>
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He <a href="https://www.benzinga.com/markets/equities/24/05/39065282/elon-musk-fires-back-at-calpers-ceo-over-compensation-package-vote-what-shes-saying-makes-no-sen">also slammed</a> the&nbsp;California Public Employees&#8217; Retirement System&nbsp;(CalPERS) as lacking honor after the public pension fund's CEO&nbsp;Marcie Frost&nbsp;announced its decision to vote against Musk&#8217;s pay package.
Check out more of Benzinga'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 More: <a href="https://www.benzinga.com/news/24/06/39123764/nissan-pays-ex-coo-ashwani-gupta-3-7m-as-compensation-for-leaving-amid-sexual-harassment-allegations">Nissan Pays Ex-COO Ashwani Gupta $3.7M As Compensation For Leaving Amid Sexual Harassment Allegations</a>
Image made via photos on Shutterstock

Analyst Color

57% Of Investors Expect Elon Musk's $56B Pay Package To Be Approved As Tesla Inches Closer To Vote: Poll

Netflix Inc. has announced the postponement of the highly anticipated boxing match between Mike Tyson and Jake Paul due to the former&#8217;s health issues.
What Happened: On Friday, Netflix&#8217;s official account on X, formerly Twitter, announced the latest development on the social media platform saying that the planned face-off between Paul and Tyson on July 20 will not take place. &#8220;Tyson's recent ulcer flare-up has limited his ability to train fully for the next few weeks.&#8221;
The fight will be rescheduled for a later date this year once Tyson can resume training without any limitations, ensuring both fighters have equal time to prepare. Netflix also assured that the new date&nbsp;will be announced by the&nbsp;end of next week.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/39079415/google-confirms-leaked-and-highly-secretive-search-documents-are-real-detailing-how-it-collects-user?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Confirms Leaked And Highly-Secretive Search Documents Are Real, Detailing How It Collects User Data That Potentially Shapes The Web</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Unfortunately Jake Paul and Mike Tyson will not face-off on July 20 as planned. Tyson's recent ulcer flare up has limited his ability to train fully for the next few weeks. The fight will be rescheduled for a date later this year after Mike's able to resume training with no… <a href="https://t.co/fvXg4ccnYE">pic.twitter.com/fvXg4ccnYE</a>
&mdash; Netflix (@netflix) <a href="https://twitter.com/netflix/status/1796655394431111364?ref_src=twsrc%5Etfw">May 31, 2024</a></blockquote>
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&#8220;My body is in better overall shape than it has been since the 1990s and I will be back to my full training schedule soon,&#8221; said Tyson in a statement. &#8220;Jake Paul, this may have bought you some time, but in the end, you will still be knocked out and out of boxing for good.&#8221;
Paul also gave a statement saying that he fully supports the decision to postpone to event so that Tyson &#8220;has no excuses come fight night.&#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.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/01013252/Screenshot-2024-06-01-at-11.02.41%E2%80%AFAM-821x1024.png" alt="" class="wp-image-366415" style="width:920px;height:auto" /><figcaption class="wp-element-caption">Credit: @mostvaluablepromotions&#8217; Instagram</figcaption></figure>
Why It Matters: Netflix&#8217;s foray into live events is part of its broader strategy to diversify its content offerings and attract a wider audience. The streaming giant has been expanding its live event offerings, <a href="https://www.benzinga.com/general/entertainment/23/03/31206415/heres-how-to-watch-the-netflix-live-chris-rock-special-that-will-include-jokes-about-will-s">including&nbsp;comedy specials</a>, NFL games, and&nbsp;WWE. 
In April earlier this year, <a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">Netflix reported first-quarter revenue</a> of $9.37 billion, marking a 14.8% increase year-over-year. This revenue surpassed the Street consensus estimate of $9.275 billion, according to<a href="https://www.benzinga.com/pro/feature/newsfeed?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">&nbsp;data from Benzinga Pro.</a>
At the time, the company also reported that it added 9.33 million paid net new subscribers in the first quarter, bringing the total to 269.60 million. This represents a 16.0% increase in subscriber growth year-over-year.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/39077357/apple-reportedly-strikes-deal-with-sam-altman-led-openai-to-integrate-chatgpt-into-ios-18-possibly-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Reportedly Strikes Deal With Sam Altman-Led OpenAI To Integrate ChatGPT Into iOS 18, Possibly Amid Internal Opposition</a>
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.

Entertainment

Netflix's Mike Tyson Vs. Jake Paul Boxing Match Postponed Due To Tyson's Health Issues: 'My Body Is In Better Overall Shape Than It Has Been Since The 1990s'

Former President Donald Trump&#8217;s campaign has reported a surge in donations following his <a href="https://www.benzinga.com/general/politics/24/05/39100065/trump-found-guilty-on-all-34-counts-in-hush-money-criminal-trial-heres-what-happens-next">recent legal troubles</a>.
What Happened: Trump&#8217;s campaign announced that it had raised a staggering $52.8 million in the 24 hours following his guilty verdict in the hush-money case, <a href="https://www.bloomberg.com/news/articles/2024-05-31/trump-raises-34-8-million-as-guilty-verdict-rallies-donors">reported</a> Bloomberg. This sum is more than two-thirds of the $76 million he raised in April.
&#8220;That's more than $2 million an hour,&#8221; the campaign said in a statement on Friday night, adding that over a third of the donors were new.
Trump is the first president to be <a href="https://www.benzinga.com/news/24/05/39102374/jail-time-for-trump-alvin-bragg-refuses-to-say-if-prosecutors-will-pursue-the-option-i-did-my-job">indicted and convicted</a> of a criminal offense. The verdict, which found <a href="https://www.benzinga.com/general/politics/24/05/39043449/trump-guilty-or-not-guilty-hush-money-trial-verdict-not-so-simple-5-possible-outcomes">Trump guilty on all 34 counts</a> of mishandling business records to cover up payments to an adult film actress, seems to have energized his supporters.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/39110358/well-said-says-elon-musk-as-ron-desantis-slams-judiciary-for-becoming-captive-to-the-political-agend?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Well Said,&#8217; Says Elon Musk As Ron DeSantis Slams Judiciary For Becoming &#8216;Captive To The Political Agenda Of Some Kangaroo Court&#8217; Amid Trump&#8217;s Guilty Verdict</a>
In his fundraising appeals over texts and emails, Trump referred to himself as a political prisoner and stated that his conviction marked the darkest day in U.S. history. &#8220;I DID NOTHING WRONG!&#8221; one appeal stated. Another declared, &#8220;JUSTICE IS DEAD IN AMERICA!&#8221; and added, &#8220;I was just convicted in a RIGGED TRIAL meant to interfere in our elections.&#8221;
Trump also&nbsp;offered donors black caps with&nbsp;his &#8220;Make America Great Again&#8221; slogan and the words &#8220;Never Surrender&#8221;&nbsp;embroidered on the side for&nbsp;contributions of $47.
Why It Matters: Despite the guilty verdict, Trump&#8217;s legal troubles have proven to be a boon for his campaign. This is not the first time that his legal issues have led to a surge in donations. His&nbsp;campaign also <a href="https://www.benzinga.com/news/23/08/34059149/trumps-mug-shot-fuels-7-1-million-fundraising-surge">reported raising $7.1&nbsp;million</a> after his arrest in&nbsp;Georgia over alleged efforts to&nbsp;overturn the 2020 election.
Meanwhile, after the verdict, President&nbsp;Joe Biden&nbsp;said that it shows <a href="https://www.benzinga.com/general/politics/24/05/39118909/biden-says-trumps-guilty-verdict-shows-no-one-is-above-the-law-donald-trump-was-given-every-oppo">that &#8220;no one is above the law.&#8221;</a> However, despite this, Trump&nbsp;<a href="https://www.benzinga.com/general/sports-betting/24/05/39123057/exclusive-trumps-guilty-verdict-sparks-brief-overreaction-in-2024-election-betting-odds-bu">remains the favorite</a>&nbsp;to be the next president, according to betting odds.
Trump&#8217;s legal troubles are also far from over.&nbsp;The Georgia case and two&nbsp;federal prosecutions are still ongoing, but likely won&#8217;t go to trial before November&#8217;s election. 
Related Link:&nbsp;<a href="https://www.benzinga.com/general/social-media/24/05/38950334/trump-declines-to-testify-in-stormy-daniels-case-defense-rests-weve-won-the-case-by-any-stan" target="_blank" rel="noreferrer noopener">Trump Declines To Testify In Stormy Daniels Case, Defense Rests: ‘We've Won The Case By Any Standard' In ‘Kangaroo Court,' Former President Says</a>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Politics

Media

Donald Trump Campaign Raises $52.8M In 24 Hours Post Guilty Verdict: More Than A Third Of The Donors Said To Be New

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Friday said that its <a href="https://www.benzinga.com/news/24/05/39025345/departing-tesla-vp-cant-get-himself-to-buy-rival-evs-because-they-dont-have-fsd-its-a-deal-breaker">full self-driving (FSD) driver assistance software</a> will have three modes in the future, namely &#8216;chill,&#8217; &#8216;standard,&#8217; and &#8216;hurry.&#8217;
What Happened: Musk divulged the three modes in response to a customer who took to social media platform X to note that FSD is currently &#8220;too aggressive&#8221; for him even in chill mode. The customer further requested a more cautious and slow mode called &#8216;turtle mode.&#8217;
&#8220;The perception of FSD&#8217;s safety will is challenged by rapid acceleration &amp; jerky moves. everyone should start on Turtle mode,&#8221; the user wrote. 
&#8220;FSD will have chill, standard and hurry modes,&#8221; Musk responded. 
<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">FSD will have chill, standard and hurry modes
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1796715946918228360?ref_src=twsrc%5Etfw">June 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Tesla&#8217;s FSD is expected to enable vehicle autonomy in due time. It currently requires active driver supervision and allows for auto lane changes and traffic navigations.
Musk expects vehicle autonomy to be the next driver of value for the company amid slowing demand and intense competition in its core EV business. FSD technology is also crucial to the robotaxi product the company plans to unveil on Aug. 8. 
The CEO said during the company&#8217;s first-quarter earnings call in April that Tesla intends to deploy its FSD in all markets where it can get regulatory approval, including China. As per Musk, <a href="https://www.benzinga.com/news/24/05/38776258/tesla-ceo-elon-musk-draws-parallel-between-netflixs-decision-to-focus-on-streaming-over-renting-dvds">doubling down on autonomy</a> is a "blindingly obvious move" for the company with everything else like "variations on a horse carriage."
Check out more of Benzinga'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 More:&nbsp;<a href="https://www.benzinga.com/news/24/05/39123677/elon-musk-faces-7-5b-insider-trading-allegation-from-tesla-shareholder">Elon Musk Faces $7.5B Insider Trading Allegation From Tesla Shareholder</a>
Photo by Jose Gil on Shutterstock

Elon Musk Reveals Tesla's FSD Will Have Three Modes For Drivers To Choose From: 'Chill, Standard And Hurry'

President&nbsp;Joe Biden&nbsp;has vetoed a bipartisan resolution that aimed to overturn the Security and Exchange Commission&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39063040/ripple-donates-additional-25m-to-pro-crypto-super-pac">crypto custody guidance</a>.
What Happened: The resolution, which was passed by both the House and the Senate, sought to nullify the SEC&#8217;s Staff Accounting Bulletin (SAB) 121. In a letter sent to the House of Representatives on Friday, President Biden stated that removing the guidance would impair the SEC&#8217;s ability to implement safeguards and protect investors, <a href="https://dailyhodl.com/2024/05/31/president-biden-vetoes-bill-that-would-have-eliminated-controversial-sec-crypto-policy/">reported</a> The Daily Hodl.
&#8220;SAB 121 reflects considered technical SEC staff views regarding the accounting obligations of certain firms that safeguard crypto-assets. By virtue of invoking the Congressional Review Act, this Republican-led resolution would inappropriately constrain the SEC's ability to set forth appropriate guardrails and address future issues,&#8221; he said in the letter.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39070528/dogecoin-is-the-easiest-play-will-2x-instantly-once-it-starts-moving-bullish-traders-predi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Is &#8216;The Easiest Play, &#8216;Will 2x Instantly&#8217; Once It Starts Moving, Bullish Traders Predict</a>
Adding, &#8220;This reversal of the considered judgment of SEC staff in this way risks undercutting the SEC's broader authorities regarding accounting practices. My Administration will not support measures that jeopardize the well-being of consumers and investors.&#8221;
Why It Matters: The Republican-led legislation passed in the House with a 228 to 182 vote, gaining support from 21 Democrats. It also passed in the Senate with a 60 to 38 vote, with eleven Democrats backing the bill.
President Biden&#8217;s veto occurs amid <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39112390/bidens-crypto-policies-are-shaking-up-the-crypto-community-but-long-way-left-to-go-says-ex">heightened political and regulatory</a> focus on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and other cryptocurrencies. Moreover, the crypto community has been closely watching the administration&#8217;s stance on digital assets, with a significant portion of voters <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39043485/scared-of-biden-staying-33-of-voters-will-consider-candidates-crypto-stance-in-2024-survey">considering a candidate&#8217;s crypto stance</a> in the upcoming 2024 election.
Meanwhile, former President&nbsp;Donald Trump, who is expected to be Biden&#8217;s Republican rival in the 2024 election, has been&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39103888/robert-kennedy-jr-applauds-trumps-crypto-commitment-expresses-hope-for-bidens-alignment">vocal about his support for crypto</a>. Last week, he started accepting crypto donations, pledging to support the industry and the rights of investors to self-custody their assets. Trump&#8217;s stance on digital assets has been applauded by figures like&nbsp;Robert Kennedy Jr.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39077184/bitcoin-ethereum-dogecoin-edge-lower-as-inflation-fears-grip-investors-less-and-less-of-ki?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Edge Lower As Inflation Fears Grip Investors: Less And Less Of King Crypto Available For Masses, An &#8216;Enormous&#8217; Bull Market Inevitable, Says Analyst</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image generated using Dall-E

Joe Biden Vetoes Bipartisan Resolution To Overturn SEC's Crypto Custody Guidance: '...Will Not Support Measures That Jeopardize Well-Being Of Consumers And Investors'

Nissan Motor Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) reportedly paid its former Chief Operating Officer (COO) Ashwani Gupta a sum of 582 million yen ($3.7 million) to leave the company <a href="https://www.benzinga.com/government/24/05/38931131/fdic-chairman-martin-gruenberg-to-step-down-amid-widespread-sexual-harassment-allegations-at-the-age">following allegations of misconduct.</a>
What Happened: Gupta left Nissan in June last year amid allegations of misconduct the company considered sexual harassment, <a href="https://www.bloomberg.com/news/articles/2024-05-31/nissan-pays-ex-coo-3-7-million-to-leave-after-sexual-harassment-allegations">Bloomberg</a> reported, citing people familiar with the matter. The company paid Gupta a significant sum to leave.
The amount was made public in a notice of the company&#8217;s upcoming shareholder meeting. The notice does not mention Gupta by name or the allegations against him but says that the amount was paid as &#8220;compensation&#8221; to an executive who left the company in the business year 2023. 
Why It Matters: Gupta&#8217;s departure in June 2023 came as a surprise to investors who had seen him as a potential candidate for the next CEO at Nissan, Bloomberg said. He is currently chief executive officer at India&#8217;s Adani Ports and Special Economic Zone.
Gupta reportedly played a key role in bringing <a href="https://www.benzinga.com/news/24/05/38956713/nissan-adjusts-us-electric-sedan-rollout-amid-changing-market-trends">Nissan back to profitability </a>following the arrest of former Chairman Carlos Ghosn in 2018. The executive&#8217;s annual remuneration through March 2023 was 726 million yen, surpassing company CEO Makoto Uchida who was paid 673 million yen, the report added. 
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 More:&nbsp;<a href="https://www.benzinga.com/news/24/05/39123548/teslas-humanoid-bot-optimus-guides-shareholders-on-voting-process-ahead-of-key-june-meeting">Tesla&#8217;s Humanoid Bot Optimus Guides Shareholders On Voting Process Ahead Of Key June Meeting</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo by michelmond on Shutterstock

NSANY

Nissan Pays Ex-COO Ashwani Gupta $3.7M As Compensation For Leaving Amid Sexual Harassment Allegations

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is <a href="https://www.benzinga.com/news/24/05/38981319/jensen-huang-says-other-blackwells-coming-even-as-nvidia-gears-up-for-lot-of-blackwell-revenue-this">closing in on</a> Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to become the world's second most valuable company by market capitalization, with the gap between the two companies narrowing down to a little over $250 billion.
What Happened: Nvidia's continued run has brought it within striking distance of Apple when it comes to market capitalization. Another surge of a little over 9% could bring it level with the iPhone maker.
The Apple stock has moved at a snail's pace compared to Nvidia – its shares have gained 3.6% in the first five months of 2024. On the other hand, Nvidia's surge has been rapid and sustained – it has made its investors richer by over 127%, more than doubling their wealth in the last five months.
As of market close on Friday, Nvidia's market capitalization stood at $2.69 trillion, while Apple's stood at $2.94 trillion.
At the beginning of 2024, Nvidia's market capitalization was $1.18 trillion while Apple's stood at $2.84 trillion.
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.
Assuming that Apple's shares remain unchanged, Nvidia's share price would have to touch $1,198 for the Jensen Huang-led company to become the second most valuable company in the world.
Here's how a $1,000 investment in Nvidia and Apple stocks at the beginning of 2024 would have fared:
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31235421/Nvidia-Apple-1000.jpg" alt="" class="wp-image-366375" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31235421/Nvidia-Apple-1000.jpg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/31235421/Nvidia-Apple-1000-300x208.jpg 300w" sizes="(max-width: 650px) 100vw, 650px" /><figcaption class="wp-element-caption">Growth of a $1,000 investment in Nvidia and Apple, respectively, from Jan. 1, 2024, to May 31, 2024</figcaption></figure>
A $1,000 investment in Nvidia stock would now be worth $2,275, while a similar investment in Apple would be worth $1,036.
See Also: <a href="https://www.benzinga.com/news/24/05/39109720/apple-set-to-announce-new-ai-features-at-wwdc-but-you-might-need-at-least-this-iphone-to-use-them-sa">Apple Set To Announce New AI Features At WWDC, But You Might Need At Least This iPhone To Use Them, Says Report</a>
<h3 class="wp-block-heading">Is Apple Falling Behind?</h3>
As far as Apple is concerned, 2024 has been a less-than-stellar year so far for the company in the stock market. It ceded the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/10/14589580/apple-microsoft-battle-for-position-as-worlds-most-valuable-company-by-market-cap">top position to Microsoft </a>earlier this year, and it could soon drop to the third place if Nvidia maintains its momentum.
Increasing <a href="https://www.benzinga.com/government/24/03/37941515/apples-iphone-sales-faces-sharp-decline-in-china-amid-rising-competition">competition in China </a>and the lack of a significant AI strategy for its iPhones and other products has played a role in Apple stock's subdued performance. It has fared worse than the Nasdaq Composite, which has surged by over 13% in 2024 so far.
<h3 class="wp-block-heading">What Are The Analysts Saying</h3>
Coupled with Nvidia going from strength to strength and <a href="https://www.benzinga.com/news/earnings/24/05/38974130/nvidia-reports-beat-and-raise-q1-announces-150-dividend-hike-10-for-1-stock-split">blowing past</a> analyst expectations with its Q1 results, chances are it could go past Apple.
According to the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38993253/nvidia-marching-toward-a-three-trillion-market-cap-11-analysts-size-up-q1-results-a">analysts at Morgan Stanley</a>, Nvidia &#8220;shows no sign of slowing down" and that its "growth remains very strong through product transition."
For CNBC's "Mad Money" host Jim Cramer, though, the question is not whether Nvidia will surpass Apple – <a href="https://www.benzinga.com/news/24/05/39086351/nvidia-could-surpass-microsoft-in-market-value-says-jim-cramer-heres-why">he thinks</a> the semiconductor designer can surpass Microsoft, too. "Nvidia's potential is immense, and its products are increasingly becoming integral to the tech infrastructure, making it a company that could redefine the future of technology."
Nvidia's rapid rise might have some people concerned about the <a href="https://www.benzinga.com/24/05/38997534/nvidias-market-dominance-seems-bubbly-says-renowned-wall-street-investor-rob-arnott">valuations being "bubbly,"</a> but fund manager Louis Navellier <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39057247/fund-manager-weighs-in-on-ai-lead-horse-nvidias-heady-valuation-hard-to-call-it-a-b">thinks otherwise</a>.
Rosenblatt analyst Hans Mosesmann has set a <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/39036094/this-analyst-with-88-accuracy-rate-sees-around-31-upside-in-nvidia-here-are-5-stock-pick">target price of $1,400</a> for Nvidia stock, pointing at an upside of nearly 28% from the current price.
Besides, Huang doesn't seem to be in <a href="https://www.benzinga.com/news/24/05/38916796/why-nvidias-jensen-huang-wont-slow-down-everything-else-next-to-it-is-undesirable-says-ceo-of-2-tril">any mood to slow down</a> – he thinks "everything else next to it is undesirable," when asked what drives him to do his job as Nvidia's CEO.
However, not everyone is convinced about Nvidia beating Apple – <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39077003/apple-stock-will-outperform-nvidia-over-the-next-year-says-gene-munster-investors-a">Gene Munster </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39077003/apple-stock-will-outperform-nvidia-over-the-next-year-says-gene-munster-investors-a">thinks</a> investors are "largely in denial" about the iPhone maker's AI play, ahead of its <a href="https://www.benzinga.com/news/24/05/39109720/apple-set-to-announce-new-ai-features-at-wwdc-but-you-might-need-at-least-this-iphone-to-use-them-sa">expected announcements</a> at the upcoming WWDC. He says the Apple stock will outperform Nvidia over the next year.
Price Action: Nvidia's stock closed 0.78% lower at $1,096.33, while Apple's shares rose 0.50% to close at $192.25 on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of&nbsp;Benzinga&#8217;s&nbsp;Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39065997/apples-adoption-of-ai-for-iphones-will-drive-multi-year-upgrade-cycle-say-analysts-" target="_blank" rel="noreferrer noopener">Apple&#8217;s Adoption Of AI For iPhones Will Drive ‘Multi-Year Upgrade Cycle,&#8217; Say Analysts Ahead Of WWDC</a>
Photos courtesy: Shutterstock and Flickr

Analyst Ratings

AAPL

Nvidia's Meteoric Rise Brings It Within Striking Distance Of Apple's Market Value: Will Jensen Huang-Led Chip Giant Become World's Second Most Valuable Company?

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shareholder Michael Perry on Thursday <a href="https://www.benzinga.com/news/24/03/37551554/tesla-owners-who-claimed-elon-musks-ev-company-misrepresented-vehicle-range-lose-bid-for-class-actio">filed a lawsuit</a> against Elon Musk alleging insider trading when the CEO sold shares worth over $7.5 billion in the last two months of 2022.
What Happened: The lawsuit, filed by Perry in the Delaware Chancery Court, claims that Musk sold a total of over $7.5 billion worth of Tesla shares in late 2022 before the disclosure of disappointing fourth-quarter production and delivery numbers. Perry alleges that Musk, using his access to real-time data, was aware of the lower-than-expected numbers when he sold shares worth $3.95 billion in November 2022 and shares worth $3.58 billion in December 2022. 
Tesla publicly unveiled delivery numbers on Jan. 2, 2023, and Tesla&#8217;s stock fell to $108.10 on Jan. 3, down from the $123.18 it closed at on Dec. 30, the lawsuit noted, pegging Musk&#8217;s &#8220;insider profits&#8221; for the aforementioned share sales at about $3 billion.
&#8220;Musk profited from his misconduct and his exploitation of material and adverse inside information,&#8221; the lawsuit said. 
&#8220;Had he waited to make these sales until after the release of material adverse news regarding TSLA discounts, sales, orders, and deliveries on Jan. 2, 2023, his sales would have netted him less than 55% of the amounts realized from his November and December 2022 sales.&#8221;
The lawsuit also accused then-Tesla directors of breach of fiduciary duty of loyalty for allowing Musk&#8217;s sales and is seeking a directive from the court that all profits obtained from these share sales be returned. 
Why It Matters: The lawsuit is the latest of legal hurdles for the EV giant.
Earlier this year, a Delaware court rescinded Musk&#8217;s 2018 pay package, worth $56 billion at the time of award, terming it an &#8220;unfathomable sum.&#8221; Tesla's board is trying to <a href="https://www.benzinga.com/news/24/05/39104486/another-proxy-advisory-firm-advises-against-voting-for-tesla-ceo-musks-excessive-pay-but-backs-texas">have it reinstated by a shareholder vote</a> yet again in June. The company is also attempting to move Tesla&#8217;s state of incorporation from Delaware to Texas and is currently waiting on the results of a shareholder vote on the proposal, expected to be announced on June 13. 
Musk is also being probed by the Securities and Exchanges Commission <a href="https://www.benzinga.com/government/24/05/39090563/elon-musk-to-testify-in-sec-probe-of-twitter-acquisition-billionaire-to-provide-investigative-testim">for potential federal securities law violations</a> during his acquisition of Twitter, now called X. 
Tesla did not immediately respond to Benzinga&#8216;s request for comment on the new lawsuit against its CEO. 
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 More:&nbsp;<a href="https://www.benzinga.com/news/24/05/39123548/teslas-humanoid-bot-optimus-guides-shareholders-on-voting-process-ahead-of-key-june-meeting">Tesla&#8217;s Humanoid Bot Optimus Guides Shareholders On Voting Process Ahead Of Key June Meeting</a>
Image Created Using Midjourney

Elon Musk Faces $7.5B Insider Trading Allegation From Tesla Shareholder

Israeli Prime Minister&nbsp;Benjamin Netanyahu&nbsp;has been formally invited to address the U.S. Congress by bipartisan leaders. This development came shortly after the International Court of Justice ordered <a href="https://www.benzinga.com/markets/asia/24/05/39008688/international-court-of-justice-mandates-israel-halt-operations-in-rafah-why-it-matters">Israel to halt its military operations</a> in Rafah, a city in Southern Gaza, with immediate effect.
What Happened: The invitation was extended by Speaker&nbsp;Mike Johnson&nbsp;(R-La.) on Friday, and it was co-signed by Senate Majority Leader&nbsp;Chuck Schumer&nbsp;(D-N.Y.), Senate Minority Leader&nbsp;Mitch McConnell&nbsp;(R-Ky.), and House Minority Leader&nbsp;Hakeem Jeffries&nbsp;(D-N.Y.),&nbsp;<a href="https://thehill.com/homenews/house/4697023-benjamin-netanyahu-israel-hamas-gaza-congress-mike-johnson-chuck-schumer-hakeem-jeffries-mitch-mcconnell/">reported</a>&nbsp;The Hill, citing the letter. 
The letter expressed solidarity with Israel in its <a href="https://www.benzinga.com/news/24/05/39025022/israel-claims-it-took-out-2-hamas-leaders-in-rafah-airstrikes-that-killed-35-palestinians">fight against terrorism</a>, particularly Hamas. &#8220;We join the State of Israel in your struggle against terror, especially as Hamas continues to hold American and Israeli citizens captive and its leaders jeopardize regional stability.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/39078114/hes-nerved-up-trumps-former-aide-scaramucci-says-ex-president-may-end-up-blowing-the-game-in-hush-mo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;He&#8217;s Nerved Up:&#8217; Trump&#8217;s Former Aide Scaramucci Says Ex-President May &#8216;End Up Blowing The Game&#8217; In Hush-Money Trial By Guiding Legal Team Like An &#8216;NFL Football Owner&#8217;</a>
&#8220;For this reason, on behalf of the bipartisan leadership of the United States House of Representatives and the United States Senate, we would like to invite you to address a Joint Meeting of Congress,&#8221; the letter stated. 
The&nbsp;address is expected to take&nbsp;place within&nbsp;the next eight weeks or&nbsp;soon after the August recess, the report noted, citing a source familiar with the development. This would be Netanyahu&#8217;s fourth address to&nbsp;a joint meeting of Congress,&nbsp;following speeches in 2015, 2011, and 1996.
Why It Matters: Netanyahu&#8217;s visit to the Capitol is expected to spark further controversy, with some progressive members of Congress indicating that they may boycott the event. This follows the recent filing of&nbsp;arrest warrants for Netanyahu and&nbsp;other Israeli and Hamas leaders by&nbsp;a prosecutor with the International&nbsp;Criminal Court, <a href="https://www.benzinga.com/news/24/05/39034096/former-mossad-boss-allegedly-threatened-icc-prosecutor-to-drop-war-crimes-inquiry-against-israel-rep">alleging them of war crimes</a>.
Earlier this month, reports emerged President Joe Biden had cautioned that <a href="https://www.benzinga.com/news/24/05/38752576/israeli-prime-minister-netanyahu-vows-to-fight-with-our-fingernails-against-hamas-after-biden-threat">the U.S. would withhold bombs</a> and artillery shells if the Israel Defense Forces initiated a major offensive on Rafah. Despite this warning, Netanyahu stated, &#8220;If we have to stand alone, we will stand alone. If we need to, we will fight with our fingernails.&#8221;
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/39102594/biden-says-only-one-way-to-keep-donald-trump-out-of-oval-office-moves-to-raise-funds-after-ex-presid?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Says &#8216;Only One Way To Keep Donald Trump Out Of Oval Office&#8217; —Moves To Raise Funds After Ex-President Found Guilty</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Ververidis Vasilis on Shutterstock

Global

Israel's Benjamin Netanyahu Invited To Address Congress By Bipartisan Leaders Amid ICC War Crimes Allegations

A recent poll has revealed that a notable percentage of Republican voters are now less likely to cast their ballots for former President Donald Trump in the upcoming presidential election, following his <a href="https://www.benzinga.com/general/politics/24/05/39100065/trump-found-guilty-on-all-34-counts-in-hush-money-criminal-trial-heres-what-happens-next">conviction for a felony</a>.
What Happened: A Reuters/Ipsos poll, which concluded on Friday, found that 10% of registered Republican voters are now less inclined to vote for Trump. This comes in the wake of his conviction by a Manhattan jury for falsifying business records to conceal a hush money payment to an adult star.
On the other hand, 56% of Republican voters stated that the conviction would not impact their voting decision, while 35% indicated that they are now more likely to support Trump, who has vehemently denied the charges against him and has pledged to appeal.
See Also: <a href="https://www.benzinga.com/general/politics/24/05/39100065/trump-found-guilty-on-all-34-counts-in-hush-money-criminal-trial-heres-what-happens-next?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Found Guilty On All 34 Counts In Hush Money Criminal Trial: Here&#8217;s What Happens Next</a>
Among independent voters, 25% said they are now less likely to support Trump, 18% said they are more likely, and 56% said the conviction would have no bearing on their decision.
Despite the increase in support from over a third of Republican voters, the potential loss of a tenth of his party&#8217;s voters could be significant for Trump, given the narrow margins of U.S. presidential elections.
Why It Matters: The poll results indicate a potential shift in the political landscape, with the upcoming election being impacted by Trump&#8217;s conviction. The former president&#8217;s legal troubles have also had a significant impact on the betting odds for the <a href="https://www.benzinga.com/general/sports-betting/24/05/39123057/exclusive-trumps-guilty-verdict-sparks-brief-overreaction-in-2024-election-betting-odds-bu">2024 election</a>, although he remains the favorite to win.
Meanwhile, President Joe Biden has <a href="https://www.benzinga.com/general/politics/24/05/39118909/biden-says-trumps-guilty-verdict-shows-no-one-is-above-the-law-donald-trump-was-given-every-oppo">emphasized</a> that Trump&#8217;s conviction demonstrates that no one is above the law. The outcome of Trump&#8217;s legal battles, including the pending trials for electoral fraud and mishandling classified documents, could have a significant impact on the upcoming election.
Read Next: <a href="https://www.benzinga.com/general/politics/24/05/39096324/biden-brushes-off-age-question-finishing-2nd-presidential-term-did-you-fall-on-your-head-or-some">Biden Brushes Off Age Question, Finishing 2nd Presidential Term: &#8216;Did You Fall On Your Head Or Something?&#8217;</a>
Photo generated using Midjourney

10% Of Republicans Less Likely To Vote For Trump In Presidential Elections After Felony Conviction: Poll

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) on Friday released a step-by-step guide for shareholders to vote ahead of the company&#8217;s upcoming meeting in June.
What Happened: Tesla used its <a href="https://www.benzinga.com/news/24/04/38395385/elon-musk-says-tesla-optimus-humanoid-robot-might-be-available-externally-by-the-end-of-next-year-he">humanoid bot, Optimus, </a>to demonstrate the voting process for shareholders on Elon Musk-owned social media platform X. Shareholders were shown how to vote online, by QR code, phone, or mail.
The guide also lists the proposals recommended by the Tesla board to vote for and those the board suggests that shareholders vote against. The board is pushing strongly for the reinstatement of CEO Elon Musk&#8216;s 2018 pay package.
<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://t.co/VjbtvyoCvG">https://t.co/VjbtvyoCvG</a>
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1796549728462688477?ref_src=twsrc%5Etfw">May 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Updates On Optimus: During Tesla&#8217;s first-quarter earnings call in April, Musk said that he anticipated Optimus&#8217; limited production to begin by the end of 2024, with external sales potentially starting by the end of 2025.
"I think Optimus will be&nbsp;more valuable than everything else&nbsp;combined. Because if you've got&nbsp;a sentient humanoid robots that&nbsp;is able to navigate reality&nbsp;and do tasks at request, there is no meaningful limit&nbsp;to the size of the&nbsp;economy,&#8221; he added. 
Earlier this year, Musk confirmed to an X user that the Optimus will be priced between $25,000 and $30,000 initially and less as time passes. The CEO explained that making the Optimus costs the company only half as much as making a car. 
Why It Matters:&nbsp;Shareholders will vote on moving Tesla&#8217;s state of incorporation from Delaware to Texas and&nbsp;Musk&#8217;s rescinded 2018 pay package ahead of the upcoming meeting.
The&nbsp;pay package, worth $56 billion at the time of award, was rescinded by a Delaware court earlier this year after deeming it an "unfathomable sum." Tesla&#8217;s board is trying to have it reinstated by a shareholder vote yet again in June, including by&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38814489/tesla-spends-on-musks-pay-vote-ads-but-ross-gerber-feels-ev-giant-could-advertise-w" target="_blank" rel="noreferrer noopener">investing in advertisements</a>&nbsp;to the effect.
In a note earlier this month,&nbsp;Morgan Stanley&nbsp;analyst&nbsp;Adam Jonas&nbsp;said that the upcoming meeting will drive material volatility in the stock and determine the&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38774504/tesla-analyst-sees-annual-shareholder-meeting-as-key-to-determining-elon-musk-led-c" target="_blank" rel="noreferrer noopener">company's long-term strategic direction</a>.
Price Action:&nbsp;Tesla shares closed down 0.4% on Friday at $178.1 and dropped 0.3% after hours. The stock is down by nearly 28.3% year-to-date, according to data from&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro.</a>
Check out more of Benzinga'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 More: <a href="https://www.benzinga.com/government/24/05/39106633/breaking-tesla-recalls-over-125-000-cars-to-fix-faulty-seat-belt-warnings">Tesla Recalls Over 125,000 EVs To Fix Faulty Seat Belt Warnings: Which Models Are Affected?&nbsp;</a>
Photo courtesy: Shutterstock

Tesla's Humanoid Bot Optimus Guides Shareholders On Voting Process Ahead Of Key June Meeting

&nbsp;Separate &amp; Distinct from HARMONi-2 Announcement, HARMONi-A Showed Clinically Meaningful and Statistically Significant Benefit: PFS Hazard Ratio of 0.46
For Subset of Patients Previously Receiving 3rd Generation EGFR-TKI: PFS Hazard Ratio of 0.48
5.6% Treatment Discontinuation of Ivonescimab due to Adverse Events vs. 2.5% Treatment Discontinuation of Placebo
HARMONi-A was Featured in Oral Presentation at ASCO 2024 on May 31, 2024
Conference Call to be Held at 8:00am ET on Monday, June 3, 2024
Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) ("Summit," "we," or the "Company") announced that, on May 24, 2024, our partner, Akeso Inc. (Akeso, HKEX Code: 9926.HK), received marketing authorization in China from the National Medical Products Administration (NMPA). The approval is based on the positive dataset associated with HARMONi-A, a single region, multi-center, Phase III study conducted in China sponsored by Akeso with data generated and analyzed by Akeso.
HARMONi-A evaluated ivonescimab combined with platinum-doublet chemotherapy in patients with epidermal growth factor receptor (EGFR)-mutated, locally advanced or metastatic non-squamous non-small cell lung cancer (NSCLC) who have progressed after treatment with an EGFR tyrosine kinase inhibitor (TKI) against placebo plus platinum-doublet chemotherapy. This is a clinical setting with a patient population where PD-1 monoclonal antibodies have previously been unsuccessful in Phase III global clinical trials. The Phase III HARMONi-A study provides further evidence supporting the differentiated mechanism of action of ivonescimab, a PD-1 / VEGF bispecific antibody evidencing cooperative binding characteristics.
This data and trial are separate and distinct from the Phase III HARMONi-2 trial in locally advanced or metastatic NSCLC whose tumors have positive PD-L1 expression (PD-L1 TPS &gt;1%), which was covered in a separate announcement. For clarity, the data in this release is with respect to the HARMONi-A trial.
Clinically Meaningful Efficacy
Progression free survival (PFS), the primary endpoint of the study, was significantly improved in the ivonescimab plus chemotherapy arm (HR 0.46; 95% CI: 0.34 – 0.62; p&lt;0.001), representing a 54% reduction in the risk of disease progression compared to chemotherapy. Median PFS for ivonescimab plus chemotherapy was 7.1 months (95% CI: 5.9 – 8.7), as compared to 4.8 months (95% CI: 4.2 – 5.6) for placebo plus chemotherapy. In addition, for the subgroup of patients receiving a 3rd generation TKI (e.g., osimertinib or other locally approved 3rd generation TKIs), patients experienced a reduced risk of disease progression of 52% (HR: 0.48; 95% CI: 0.35 – 0.66). The PFS benefit was demonstrated across all clinical subgroups.
While not yet mature, overall survival (OS) analyses performed on request of the NMPA trended positively for ivonescimab plus chemotherapy vs. chemotherapy alone: after 10.2 months of median follow-up, the hazard ratio (HR) was 0.72 (95% CI: 0.48 – 1.09). An additional analysis performed after approximately 17.6 months of median follow-up showed a hazard ratio of 0.80 (95% CI: 0.59 – 1.08). Both overall survival curves appear to demonstrate clear separation between the two arms of the trial and show a trend in improvement of survival towards ivonescimab plus chemotherapy.
Overall response rate (ORR) was 50.6% (95% CI: 42.6% – 58.6%) for those receiving ivonescimab plus chemotherapy vs. 35.4% (95% CI: 28.0% - 43.3%) for those receiving chemotherapy alone. Ivonescimab plus chemotherapy usage resulted in a disease control rate (DCR) – those who either responded or were considered to have stable disease under RECIST 1.1 criteria – of 93.1% (95% CI: 88.0% - 96.5%) vs. 83.2% (95% CI: 76.5% - 88.6%) for those receiving placebo plus chemotherapy.

Biotech

SMMT

Summit Therapeutics Ivonescimab In Combination with Chemotherapy Approved In China By NMPA For 2L+ EGFRm NSCLC Based On HARMONi-A Clinical Trial; Clinically Meaningful Efficacy Observed In Overall Survival Towards Ivonescimab Plus Chemotherapy; Shares Currently Halted

Ivanka Trump, the eldest daughter of former President Donald Trump, finally broke her silence following her <a href="https://www.benzinga.com/general/politics/24/05/39100065/trump-found-guilty-on-all-34-counts-in-hush-money-criminal-trial-heres-what-happens-next">father&#8217;s guilty verdict</a>.
What Happened: On Thursday, Ivanka Trump publicly acknowledged her father for the first time since he was found guilty by sharing a throwback photo of herself as a toddler with her father. In an Instagram Story, she wrote &#8220;I love you dad,&#8221; along with the photograph.
<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/IvankaTrump?ref_src=twsrc%5Etfw">@IvankaTrump</a> posted this on her Instagram story. &#x1f494; <a href="https://t.co/AXSsTW7CKa">pic.twitter.com/AXSsTW7CKa</a>
&mdash; Laura Loomer (@LauraLoomer) <a href="https://twitter.com/LauraLoomer/status/1796498359571894448?ref_src=twsrc%5Etfw">May 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/39102594/biden-says-only-one-way-to-keep-donald-trump-out-of-oval-office-moves-to-raise-funds-after-ex-presid?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Says &#8216;Only One Way To Keep Donald Trump Out Of Oval Office&#8217; —Moves To Raise Funds After Ex-President Found Guilty</a>
Her post came shortly after Donald Trump was found guilty of all&nbsp;34 counts in his <a href="https://www.benzinga.com/general/politics/24/05/39043449/trump-guilty-or-not-guilty-hush-money-trial-verdict-not-so-simple-5-possible-outcomes">hush&nbsp;money criminal case</a>, making him&nbsp;the first former president to&nbsp;be convicted of a felony.
Ivanka Trump, who served as her father&#8217;s&nbsp;senior adviser in the White&nbsp;House, has maintained a&nbsp;low profile since her father departed from&nbsp;the White House. In 2022,&nbsp;she announced that she would not be involved in politics, choosing to prioritize her family.
Meanwhile, her brother,&nbsp;Donald Trump Jr.,&nbsp;had a different reaction to&nbsp;their father&#8217;s guilty verdict. He took to X, formerly Twitter, and expressed disbelief&nbsp;saying, &#8220;Such bulls&#x2A;&#x2A;&#x2A;.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Such bullshit.
&mdash; Donald Trump Jr. (@DonaldJTrumpJr) <a href="https://twitter.com/DonaldJTrumpJr/status/1796287916924395752?ref_src=twsrc%5Etfw">May 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The guilty verdict of the former president has sparked a range of reactions. President Joe Biden has stated that the verdict demonstrates that no one is above the law, while Donald Trump claimed the <a href="https://www.benzinga.com/general/politics/24/05/39114212/hush-money-trial-done-by-biden-and-his-people-trump-says-without-proof-it-was-a-rigged-trial">trial was rigged</a> without providing evidence.
Despite the guilty verdict, Trump remains the favorite to be the next president, according to&nbsp;<a href="https://www.benzinga.com/general/sports-betting/24/05/39123057/exclusive-trumps-guilty-verdict-sparks-brief-overreaction-in-2024-election-betting-odds-bu">election betting odds</a>. &#8220;Despite being found guilty of 34 charges in his New York hush money trial, Trump remains the favorite to be the next president at -110,&#8221; Covers&#8217; Betting Analyst&nbsp;Rohit Ponnaiya&nbsp;told Benzinga.
The possibility of <a href="https://www.benzinga.com/news/24/05/39102374/jail-time-for-trump-alvin-bragg-refuses-to-say-if-prosecutors-will-pursue-the-option-i-did-my-job">Donald Trump&#8217;s serving jail time</a> also remains uncertain, as Manhattan District Attorney Alvin Bragg has not confirmed whether prosecutors will pursue this option.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/39077471/robert-kennedy-jr-says-ukraine-escalation-getting-out-of-control-after-russian-nuclear-early-warning?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Robert Kennedy Jr. Says Ukraine Escalation &#8216;Getting Out Of Control&#8217; After Russian Nuclear Early Warning Systems Targeted — Slams Biden For Not Talking To Russian President: Is He Worse Than Stalin?</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock.

Ivanka Trump Breaks Silence After Ex-President's Guilty Verdict In Hush Money Case: 'I Love You Dad'

GWAV

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

XBP, NXTT among major tech gainers; FSLY, BNAI among losers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
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