 (OTC:OGPKS) Stock, Quote.Headers.trade-ideas

<h3 class="wp-block-heading">New Polish And Portuguese Hemp Partnership</h3>
Hemp&amp;Health (WSE: HMP), a Polish medical cannabis company, agreed to acquire a 5% stake in the Portuguese company Hibisco Discreto, which owns the Voyager Genetics brand, <a href="https://businessofcannabis.com/polands-hemphealth-acquires-shares-in-portuguese-medical-marijuana-crossbreeding-and-genetics-company/">reported</a> Business of Cannabis. The shares were bought for €20,000 ($22,065).
Under the deal, Hemp&amp;Health, which is listed on the Warsaw Stock Exchange, has the option to acquire an additional 5% of the shares for the same price within six months following the date of the transaction.
Voyager Genetics focuses on researching innovative genetics, crossbreeding medical cannabis to create new strains, and collaborating with licensed pharmaceutical growers to supply clones to other licensees.
Meanwhile, the Polish Public Opinion Research Center (CBOS) recently revealed that 73.4% of Poles support the decriminalization of cannabis. Moreover, a significant rise in the demand for medicinal cannabis has been evidenced over the past few years.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04121337/ccc-oct-24-banner__1_-10.gif" alt="" class="wp-image-581221" /></a></figure>
In 2019, only 2,909 cannabis prescriptions were issued, but this number rose to 276,807 in 2023, marking a 9,420% increase <a href="https://www.benzinga.com/markets/cannabis/24/06/39435550/polands-medicinal-cannabis-boom-prescriptions-up-9-420-dispensation-up-13-942-in-just-4-years">over the period.</a>
Last month, Poland's Ministry of Health recently implemented stringent regulations on medical cannabis prescriptions, now requiring in-person consultations and <a href="https://www.benzinga.com/markets/cannabis/24/09/40877465/poland-tightens-medical-cannabis-rules-bans-telehealth-prescriptions">sidelining teleconsultations.</a>
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40693857/two-european-marijuana-companies-team-up-to-bring-cannabis-based-solutions-to-poland">Two European Marijuana Companies Team Up To Bring Cannabis-Based Solutions To Poland</a>
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<h3 class="wp-block-heading">Greece's Big Cannabis Bust</h3>
Law enforcement agents in Greece eradicated over 8,300 illegally grown cannabis plants previously discovered on a corn farm in central parts of the country. <a href="https://www.reuters.com/world/europe/greek-police-destroy-more-than-8000-illegal-cannabis-plants-corn-farm-2024-10-04/">According</a> to Reuters, this was one of the largest seizures of cannabis in the Mediterranean nation.
Authorities removed approximately 1,300 plants and destroyed an additional 7,000, some reaching heights of 3.5 meters (138 inches). The larger plants were removed because their roots had become intertwined with corn.
The farm owner who was allegedly part of a criminal group, which planned to sell the weed for a profit of 15 million euros, was arrested for illegal cultivation and trafficking cannabis.
Early in 2024, adults with prescriptions finally <a href="https://www.benzinga.com/markets/cannabis/24/02/37311963/medical-marijuana-now-available-in-pharmacies-across-greece-first-patient-with-arthritis-feels-r">got access to medical marijuana in pharmacies,</a> some seven years after Greece legalized the plant for medicinal use.
<h3 class="wp-block-heading">UK Scientific Research Org Gets Funding For Medical Cannabis Research</h3>
Scotland-based James Hutton Institute received £350,000 ($460,383) to undertake several advanced agricultural research projects.
Led by the UK independent scientific research organization, the project is focused on standardizing medical cannabis products to meet stringent pharmaceutical requirements, <a href="https://businessofcannabis.com/350k-funding-awarded-for-uk-medical-cannabis-study-to-optimize-pharmaceutical-grade-plants/">reported</a> Business of Cannabis.
Titled Exploiting Controlled Environments for the Development of Optimised Cannabis Sativa Phenotypes for Pharmaceutical Applications (or CE-CannPharm), the three-year project is from James Hutton Institute's Advanced Plant Growth Centre (APGC). 
It's one of three that are financed by the Biotechnology and Biological Sciences Research Council (BBSRC). 
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Cannabis In Europe: From Marijuana Busts To New Industry Partnerships, Here's What's New In Poland, Greece And UK

Elon Musk-founded PAC America has taken to X to rally support for constitutional rights, offering a financial incentive to those who refer signatories from swing states. The tech mogul amplified the message through his account, which has a 200 million strong following. 
What Happened: On Sunday, Musk shared a call to action, urging followers to sign a petition supporting free speech and the right to bear arms. 
America PAC offered a $47 reward for each person referred to sign the petition, provided they reside in a swing state. The goal, according to Musk, is to gather one million signatures from voters in these key states which reflect support for &#8220;free speech &amp; right to bear arms.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sign our petition to support the Constitution! Also earn $47 for every person you refer to sign the petition if they're in a swing state. Goal is to get 1M voters in swing states to show support for free speech &amp; right to bear arms. <a href="https://t.co/2cjdY7pnj9">https://t.co/2cjdY7pnj9</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1843011773567578166?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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This move comes amidst scrutiny of Musk&#8217;s political action committee, America PAC, which has been <a href="https://www.benzinga.com/news/24/08/40154553/elon-musk-backed-america-pac-under-scrutiny-for-voter-data-collection-in-michigan-after-tesla-ceo-de">under investigation</a> for its voter data collection activities in Michigan and other swing states. The PAC was established and funded by Musk to support former President Donald Trump.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41148843/much-wow-how-elon-musk-went-from-promising-to-eat-a-happy-meal-if-mcdonalds-adopts-dogecoi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Much Wow! How Elon Musk Went From Promising To Eat A Happy Meal If McDonald&#8217;s Adopts Dogecoin To Promotin</a>
Why It Matters: Musk&#8217;s recent post and the financial incentive offered may be seen as an attempt to rally support amidst ongoing criticism of his political affiliations. The tech CEO has been publicly endorsing Trump, even <a href="https://www.benzinga.com/news/24/10/41198624/elon-musk-urges-rally-crowd-vote-for-trump-to-save-democracy">appearing at a rally</a> in Butler, Pennsylvania, where he urged attendees to vote for the former president.
Musk has reportedly been secretly funding the conservative political group Building America's Future since 2022, with donations <a href="https://www.benzinga.com/news/24/10/41156605/elon-musks-earlier-independent-status-in-doubt-as-reports-surface-of-donations-to-right-wing-group-t">amounting to millions</a>. This non-profit, which is not required to disclose its donors, has been critical of the Biden administration and progressive policies.
Image via Wikimedia Commons
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Elon Musk-Founded PAC Offers $47 For Every Successful Referral To Petition: 'Show Support For Free Speech & Right To Bear Arms' — Tech Mogul Reveals His Goal

As the 2024 Presidential Election draws near, former President Donald Trump has called for a &#8220;mandate&#8221; from the voters.
What Happened: Trump made this appeal during a rally in Juneau, Wisconsin on Sunday. He urged his supporters in this crucial battleground state and across the nation to turn out &#8220;in record numbers,&#8221; <a href="https://thehill.com/homenews/campaign/4918724-donald-trump-mandate-presidential-race/">reported</a> The Hill.
&#8220;We need a mandate in the vote, and we're going to get it,&#8221; said Trump.
Trump stressed the importance of a decisive victory, given the closely divided federal government. The Senate is currently held by the Democrats with a slim 51-49 majority, while the Republicans control the House by a narrow margin.
Nationwide polls and those in key swing states indicate a close race between Trump and Vice President Harris. The main Senate races, also closely contested, will determine the Senate&#8217;s composition.
Trump repeated his claim of receiving more votes in 2020 than any sitting president before, arguing that several issues, including Russia's invasion of Ukraine, Hamas's attack on Israel, and high inflation, would not have happened under his presidency.
Both Trump and Harris are hoping for a clear victory that would give them a mandate and help their party gain control of both houses of Congress, enabling them to more easily implement their legislative agenda.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41176745/drivers-cannot-be-penalized-for-cannabis-use-if-theyre-not-impaired-arizona-court-rules?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Drivers Cannot Be Penalized For Cannabis Use If They&#8217;re Not Impaired, Arizona Court Rules</a>
Why It Matters: Recent polls suggest a <a href="https://www.benzinga.com/news/24/10/41196906/polls-suggest-this-candidate-holds-slim-lead-in-presidential-race-with-one-month-to-go">slim lead for Harris over Trump</a>. However, the race is extremely tight, with both candidates having a 49% chance of winning, as per <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41170754/donald-trump-is-now-level-with-kamala-harris-at-49-5-election-odds-after-september-rollerc">Polymarket data</a>. 
Election betting odds for the 2024 U.S. Presidential race show Donald Trump and Kamala Harris tied at 49.6% each, according to Polymarket. With over $1.18 billion in total trading volume, Trump slightly leads in trading activity.
Harris&#8217; chances in the 2024 Presidential election have improved, with The Economist giving her a 3 in 5 chance of <a href="https://www.benzinga.com/news/24/09/41080153/trump-vs-harris-this-candidate-skyrockets-in-election-forecast-poised-to-secure-victory-in-four-swin">winning the Electoral College</a>, compared to Trump's 2 in 5 odds. Harris is expected to win 281 Electoral College votes, boosted by gains in key swing states. Her rise in polls is attributed to her focus on healthcare, climate change, and social justice, despite continued criticism from Trump's campaign.
Image via Flickr
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump Says 'We Need A Mandate In The Vote, And We're Going To Get It' As 2024 Election Draws Near

Kevin O'Leary, known as &#8220;Mr. Wonderful&#8221; from Shark Tank, is famous for his <a href="https://www.benzinga.com/startups/24/09/41050230/hire-slowly-fire-quickly-says-kevin-oleary-shares-theres-a-lot-of-infighting-in-his-companies-but-he">sharp business skills and blunt attitude</a>. However, he has newfound respect for people who enter the political sphere.
In a recent <a href="https://www.youtube.com/watch?v=zFCfU9cBIRA">interview</a>, O&#8217;Leary discussed political figures such as Elizabeth Warren and Alexandria Ocasio-Cortez (AOC) and explained why politics is a completely different challenge than business.
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While Kevin O'Leary doesn't shy away from <a href="https://www.benzinga.com/personal-finance/24/09/41027068/kevin-oleary-says-we-need-answers-not-kumbaya-politics-takes-aim-at-harris-for-offering-no-real-">criticizing political policies</a>, especially when they threaten capitalism, he's got respect for people like Trump, AOC and Elizabeth Warren. "I have a lot of respect for them," O&#8217;Leary said. "Because I know what that&#8217;s like – it's brutal. It&#8217;s unbelievably brutal."
O&#8217;Leary, who once considered running for Prime Minister in Canada, quickly realized that politics is not for the weak. He admits that the political world is way tougher than most people think. &#8220;In politics, 50% of the population hate you, and some of them want to kill you,&#8221; he said. &#8220;That's the difference.&#8221;
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Politics takes criticism to a new level for someone like O'Leary, who's no stranger to <a href="https://www.benzinga.com/startups/24/09/40839130/were-looking-for-a-real-a-e-and-youre-in-kevin-oleary-on-how-he-got-his-infamous-shark-tank-role">being criticized for his blunt approach</a>. "In celebrity, some people don&#8217;t like you. In politics, 50% of the population hate you," O'Leary explained. And it&#8217;s not just disliking you – they'll try to undermine your every move.
O&#8217;Leary can&#8217;t help but admire politicians for their tenacity and hard work despite political differences. He understands that working in this field puts you under constant strain and that everything you say and do is scrutinized, attacked, or supported depending on the day and the audience. "You don't know it until you're in it, and then you realize, ‘Whoa, this is crazy.'"
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"Anybody thinking about doing that should really do some soul-searching about is this what I want to do," O'Leary said, acknowledging the toll politics takes on a person's life. And even though he said of Canadian Prime Minister Justin Trudeau, &#8220;I don't like that guy,&#8221; he added, "You've got to respect the success he's had."
Recalling that he wasn&#8217;t ready for the political world, O&#8217;Leary remarks, &#8220;I don&#8217;t know what the hell I was thinking.&#8221; His wife&#8217;s response when he revealed his political aspirations was also less than thrilled: &#8220;Are you crazy? Are you out of your mind?" So, although he might be skilled in business, O&#8217;Leary saw that politics required a very different approach.
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Kevin O'Leary Respects AOC and Elizabeth Warren. Says, 'Business Is Tough, But Politics? That's A Whole New Level Of Insanity'

In an analysis by The New York Times published over the weekend, Donald Trump&#8216;s speech patterns and cognitive abilities have shown a significant shift, prompting questions <a href="https://www.benzinga.com/general/politics/23/10/35523531/donald-trump-keeps-attacking-joe-biden-for-being-too-old-for-office-but-old-age-is-starting-to-t">about the former president&#8217;s mental fitness</a>.
What Happened: Trump&#8217;s speeches have become longer, more negative, and less focused. The duration of his rally speeches has almost doubled since 2016, now averaging 82 minutes. 
The report also highlighted a 13% increase in the use of absolute terms such as &#8220;always&#8221; and &#8220;never,&#8221; which some experts interpret as a sign of advancing age.
Trump&#8217;s speeches now contain 32% more negative words than positive ones, a significant increase from 21% in 2016. Furthermore, his use of swear words has spiked by 69% compared to when he first ran for office. 
These trends could be indicative of disinhibition, a potential sign of cognitive change, <a href="https://www.nytimes.com/2024/10/06/us/politics/trump-speeches-age-cognitive-decline.html">reports</a> the Times.
At 78, Trump is the oldest major-party nominee for president in history. If he wins and completes another term, he would be the oldest president ever at 82 by the time he leaves office.
Despite these changes, Trump maintains that he has passed cognitive tests and dismisses any concerns about his mental fitness.
However, some individuals who have known him for years, such as former Trump ally Anthony Scaramucci, have noticed a change. 
Also Read: <a href="https://www.benzinga.com/news/24/02/37054062/democrats-are-reportedly-worried-about-the-narrative-around-joe-bidens-memory-lapses">Democrats Are Reportedly Worried About The Narrative Around Joe Biden&#8217;s Memory Lapses</a>
&#8220;He&#8217;s not competing at the level he was competing at eight years ago, no question about it,&#8221; Scaramucci, who will be a headline speaker at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19, said. &#8220;He&#8217;s lost a step. He&#8217;s lost an ability to put powerful sentences together.&#8221;
Trump&#8217;s campaign communications director, Steven Cheung, rejected suggestions that the former president has declined with age, describing him as &#8220;the strongest and most capable candidate.&#8221;
Why It Matters: The change in Trump&#8217;s speech patterns could potentially impact his political career, especially considering his age. The increase in negativity and use of absolute terms in his speeches may affect his public image and voter perception. 
Furthermore, the observations made by those who have known him for years could potentially influence public opinion. 
However, the dismissal of these concerns by Trump&#8217;s campaign communications director suggests that the campaign does not view these changes as a significant issue.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump's Rambling Speeches Spark Renewed Concerns About His Age

Kevin O&#8217;Leary, a prominent figure on &#8220;Shark Tank,&#8221; recently ignited a discussion on the balance between personal relationships and business pursuits.
What Happened: O&#8217;Leary suggested a student should prioritize his thriving business over his relationship, leading to a broader conversation on personal finance and relationships. 
O&#8217;Leary was instructing a class when a student expressed his struggle to choose between his software business and his fiancée. The business, run from his dorm room, was generating a remarkable $5 million in annual free cash flow.
According to the report <a href="https://www.businessinsider.com/shark-tank-kevin-oleary-personal-finance-dating-relationships-startups-college-2024-10">by</a> Business Insider, the student&#8217;s fiancée was frustrated due to his lack of time for her family, as he was constantly occupied with his business and academic commitments. O&#8217;Leary&#8217;s response was to challenge the student to consider which would be easier to replace: the fiancée or the business?
&#8220;My fiancée came to me today and said that she&#8217;s going to leave me,&#8221; the student said. She was upset because he wasn&#8217;t spending any time with her family and wasn&#8217;t free on weekends, he explained. &#8220;I just can&#8217;t because I&#8217;m so busy and I&#8217;ve got to keep my business going, I&#8217;ve got to graduate my degree. What do I do?&#8221;
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O&#8217;Leary said, &#8220;Wow. OK. I&#8217;m not Dr Phil, but let me give you some advice here: Which one is easier to replace: the girlfriend or the business?&#8221;
O&#8217;Leary further argued that if the student&#8217;s partner was not supportive of his entrepreneurial journey, she may not be the right person for him. He stressed that entrepreneurs should look for partners who comprehend and back their business pursuits.
He said the student had to ask himself that question as he was &#8220;making $5 million and every woman in this class now knows this. I&#8217;m going to guess that if you can&#8217;t work this out, you&#8217;re going to just do fine.&#8221;
&#8220;She&#8217;s not the right person if she&#8217;s not&nbsp;supportive&nbsp;of this journey you&#8217;re on. You&#8217;re obviously going to be wildly successful, you&#8217;re going to&nbsp;get somebody else,&#8221; O&#8217;Leary added. 
O&#8217;Leary&#8217;s advice sparked an extensive debate on personal values and time management. The &#8220;Shark Tank&#8221; star also expressed an interest in the student&#8217;s future progress.
Why It Matters: O&#8217;Leary, also known as &#8220;Mr. Wonderful,&#8221; is renowned for his unforgettable advice on personal finance and relationships.
He has previously cautioned against merging finances in a relationship, lending money to family members, and postponing marriage and parenthood. 
His latest advice underscores the challenges entrepreneurs face in balancing their personal lives with their business ambitions, a topic that continues to be a point of contention.
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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.

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Kevin O'Leary Told Student To Pick Business Over Fiancée: 'She's Easier To Replace'

Maye Musk, mother of billionaire entrepreneur Elon Musk, is facing significant backlash over a social media post that appears to encourage voter fraud. The incident has led to widespread criticism and demands for an FBI investigation.
What Happened: The controversy was sparked over the weekend when Maye Musk suggested on X that her followers could commit voter fraud in the upcoming elections. Her post was in response to her son&#8217;s message, encouraging people to register to vote in Georgia.
The contentious post by Maye Musk read, "The Democrats have given us another option. You don't have to register to vote. On Election Day, have 10 fake names, go to 10 polling booths and vote 10 times. That's 100 votes, and it's not illegal. Maybe we should work the system too."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Democrats have given us another option. You don't have to register to vote. On Election Day, have 10 fake names, go to 10 polling booths and vote 10 times. That's 100 votes, and it's not illegal. Maybe we should work the system too. <a href="https://t.co/GZ5DlaoFPs">https://t.co/GZ5DlaoFPs</a>
&mdash; Maye Musk (@mayemusk) <a href="https://twitter.com/mayemusk/status/1842637728946544839?ref_src=twsrc%5Etfw">October 5, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is just Shameful! Elon Musk&#39;s mother is telling MAGA to commit VOTER FRAUD! &quot;Washington Post&quot; &quot;George Conway&quot; &quot;Musk and Trump&quot; Shame &quot;Watching Trump&quot;<a href="https://twitter.com/hashtag/KamalaShowsUpForUs?src=hash&amp;ref_src=twsrc%5Etfw">#KamalaShowsUpForUs</a><a href="https://twitter.com/hashtag/TrumpRally?src=hash&amp;ref_src=twsrc%5Etfw">#TrumpRally</a> <a href="https://t.co/jQMNYwK1II">pic.twitter.com/jQMNYwK1II</a>
&mdash; BLACKS AGAINST TRUMP (@Mompreneur_of_3) <a href="https://twitter.com/Mompreneur_of_3/status/1842752319428898989?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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The post quickly gained traction, with numerous social media users accusing her of advocating illegal activity. Civil rights attorney Andrew C. Laufer responded to the post, stating, "That is illegal," and questioned the validity of Maye Musk&#8217;s claims.
Also Read: <a href="https://www.benzinga.com/top-stories/22/08/28661279/elon-musks-mother-maye-says-she-sleeps-in-a-garage-when-she-visits-him-1">Elon Musk&#8217;s Mom Says She Sleeps In His &#8216;Garage&#8217; When She Visits The Tesla CEO</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">That is illegal. Do you have any credible evidence Democrats are engaging in that practice?
&mdash; Andrew C Laufer, Esq (@lauferlaw) <a href="https://twitter.com/lauferlaw/status/1842722398518251575?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">FBI and DOJ, if you&#39;re listening.
&mdash; Janice Hough (@leftcoastbabe) <a href="https://twitter.com/leftcoastbabe/status/1842732705504747686?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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Despite the controversy, Elon Musk, who has endorsed Donald Trump, has not publicly addressed his mother&#8217;s controversial post. This incident has further complicated his public image.
The call for voter registration in Georgia by Elon Musk was overshadowed by his mother&#8217;s contentious post, shifting the attention to a potentially illegal suggestion. 
The repercussions of Maye Musk's post are still developing, with the Musk family facing criticism for endorsing actions that could compromise the integrity of the electoral process.
Why It Matters: The incident has raised serious questions about the influence of high-profile individuals on public discourse and the potential for misinformation to spread rapidly on social media platforms. 
The controversy also underscores the need for clear and accurate information about voting procedures and the legal consequences of voter fraud. 
The Musk family&#8217;s involvement in this controversy could have far-reaching implications for their public image and future endeavors.
Read Next
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Elon Musk's Mother Under Fire For Alleged Endorsement Of Voter Fraud

Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41181089/tesla-robotaxi-event-might-have-3-product-announcements-but-will-likely-be-light-on">&#8220;We, Robot&#8221; event </a> is scheduled for Thursday at 10 p.m. EDT, with investors hoping that the event will give a lift to the stock. Deepwater Asset Management Managing Partner Gene Munster previewed the event in a note released Friday.
What&#8217;s In A Name: The name &#8220;We, Robot&#8221; is potentially inspired from Isaac Asimov&#8217;s short-story collection, &#8220;I Robot,&#8221; said Munster in the note. The event&#8217;s name has kindled hopes for announcements regarding Optimus and potentially an expanded family of robots, ne said.
The tech venture capitalist said these products likely won't see availability for at least five years, more likely a decade. &#8220;In other words, while it's important to hear what the company is thinking about beyond cars, the substance of the event for investors is around what will come out over the next two years, notably the Model 2 and Robotaxi,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-tesla-stock">How To Buy Tesla (TSLA) Stock</a>
Product Announcements: Munster said he expects announcements concerning three different vehicles at the event &#8211; a robotaxi, Model 2 electric vehicle and a Cybervan.
Tesla will likely show a physical prototype of the Robotaxi at the event, said Munster. He expects the model to have a futuristic feel like that of the Cybertruck, without a steering wheel, pedals, or mirrors. The company will likely demo the Robotaxi, summoned by the Tesla ride-hailing app and showing off its autonomous capabilities by maneuvering some sort of track or route, ne added.
The Elon Musk-led company will likely preview the $25,000 Model 2 EV, aka Model A, the fund manager said. The EV will have similarities with the Robotaxi but it would have a steering wheel, pedals and mirrors and won&#8217;t require full self-driving to operate, he said. &#8220;The body will be distinguishable from the Robotaxi, but overall will be on the same production as Robotaxi,&#8221; he added.
Musk could surprise with plans to launch a fully autonomous passenger van, likely a Robotaxi XL for 8-10 people, the tech venture capitalist said. &#8220;While the passenger van will be light on Tesla's sleek signature design, it will be heavy on leveraging autonomy for the ride-hailing vision of affordable transportation,&#8221; he said. 
This vehicle, the tech specialist said, will be focused on dense urban areas and could play a role in the future of public transportation. This will expand the ride-hailing addressable market by 20%, he said.
Why It&#8217;s Important: Tesla&#8217;s core business of selling cars hasn&#8217;t recovered strongly from the rut seen since 2022 and this has weighed down on the stock. Analysts now hope for the robotaxi business and other ancillary businesses to come to the rescue and give a thrust to the sagging stock.
Tesla bull and Ark Invest founder Cathie Wood <a href="https://www.youtube.com/watch?v=bZ3fJ0rZS5s">said </a>in a recent interview with Yahoo Finance that the software-as-a-service model, associated with Tesla&#8217;s autonomous driving system, with gross margin of 80%+ compares to the 15-30% gross margins on the EV side. Analysts, therefore, will have to bump up their expectations, she added.
Tesla ended Friday&#8217;s session up 3.91% at $250.08, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41196494/tesla-robotaxi-buzz-soars-ahead-of-thursday-event-rivian-seeks-doe-loan-for-georgia">Tesla Robotaxi Buzz Soars Ahead Of Thursday Event, Rivian Seeks DOE Loan For Georgia Plant, Nikola Thumps Estimates And More: Biggest EV Stories Of The Week</a></li>
</ul>

Analyst Color

Equities

Tech

TSLA

Tesla's 'We, Robot' Event Will Likely Feature Robotaxi, $25K EV And Optimus Updates, Says Munster: Will Elon Musk Spring A Surprise With This Product Announcement?

The $8 trillion rally of the S&amp;P 500 Index is set to face a crucial test this week as traders navigate through economic fears, uncertainties surrounding interest rates, and anxieties related to the upcoming election.
What Happened: The forthcoming corporate earnings season is expected to be a key determinant of whether equities can sustain their momentum. 
As <a href="https://www.bloomberg.com/news/articles/2024-10-06/s-p-s-8-trillion-rally-will-be-tested-by-tricky-earnings-season?srnd=homepage-americas&amp;sref=TBDibEcD">per</a> a Bloomberg report, the S&amp;P 500 Index has seen a surge of approximately 20% in 2024, adding over $8 trillion to its market capitalization. This significant increase has been largely driven by expectations of a relaxed monetary policy and strong profit forecasts.
However, analysts are now revising their expectations for third-quarter results. Companies in the S&amp;P 500 are expected to report a 4.7% increase in quarterly earnings from a year ago, a decrease from the 7.9% projections made in July, as per Bloomberg Intelligence data.
Adam Parker, founder of Trivariate Research, highlighted the significance of this earnings season, and told the outlet, &#8220;We need concrete data from corporates.&#8221; 
Also Read: <a href="https://www.benzinga.com/general/education/24/10/41191050/s-p-500-to-end-year-over-6-000-34-of-benzinga-readers-predict-raging-bull-run">S&amp;P 500 To End Year Over 6,000? 34% Of Benzinga Readers Predict &#8216;Raging Bull Run&#8217;</a>
Investors are eager to understand if companies are postponing spending, if demand has slowed, and how customers are reacting to geopolitical risk and macro uncertainty.
Major companies, including Delta Air Lines Inc., JPMorgan Chase &amp; Co., and Wells Fargo &amp; Co., are scheduled to release their results this week.
Despite the strong rally and above-average positioning going into this earnings season, Binky Chadha, chief US equity and global Strategist at Deutsche Bank Securities Inc., expects a subdued market reaction.
&#8220;Estimates got a little bit too optimistic, and now they&#8217;re pulling back to more realistic levels,&#8221; stated Ellen Hazen, chief market strategist at F.L.Putnam Investment Management.
Why It Matters: Investors are facing numerous challenges, including the upcoming US presidential election, the Federal Reserve&#8217;s decision to lower interest rates, and an escalating conflict in the Middle East that is raising inflation concerns.
However, there is a glimmer of hope. The lowered bar for earnings projections provides companies with a greater chance to exceed expectations. 
Bloomberg Intelligence suggests that a strengthening earnings cycle should continue to counterbalance weak economic signals, potentially tipping the scales for equities in a positive direction.
Read Next:
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<li><a href="https://www.benzinga.com/general/education/24/09/41031059/after-fed-rate-cuts-is-tesla-nvidia-apple-or-amazon-the-best-investment-poll-reveals-top-magnif" target="_blank" rel="noreferrer noopener">After Fed Rate Cuts, Is Tesla, Nvidia, Apple, Or Amazon The Best Investment? Poll Reveals Top Magnificent 7 Stock</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

S&P 500's $8T Surge Faces Big Test With This Week's Earnings Releases

Vice President Kamala Harris and former President Donald Trump are engaged in a neck-and-neck battle for the presidency, with the outcome expected to <a href="https://www.benzinga.com/news/24/09/41082772/harris-vs-trump-new-polls-show-tight-race-in-battleground-states">be one of the closest in U.S. history</a>.
What Happened: Harris is currently slightly ahead, with a 54% probability of securing the presidency according to The Hill/Decision Desk HQ model. 
However, the Senate race is leaning towards the Republicans with a 71% chance, and the House race is also closely contested, with Republicans holding a 56% likelihood of maintaining their majority.
The FiveThirtyEight model gives Harris a 55% chance of victory, while online betting markets have an even tighter split, with Harris given a 50.3% chance to Trump&#8217;s 49.0%, as of Sunday morning.
The last quarter has been marked by significant events, including a high-stakes presidential debate, two attempts on a candidate&#8217;s life, and a sitting president withdrawing from a reelection bid later than any point in recent history.
Harris&#8217;s nomination as the Democratic candidate has invigorated the party, resulting in a boost in her popularity ratings.
Despite this, the polls have remained relatively stable since her initial rise, with Harris maintaining a narrow lead nationally and in most of the seven key battleground states. 
The race is predicted to be a nail-biter, with the result potentially depending on a handful of swing states.
Even though early voting has commenced in several states, the upcoming four weeks could still bring significant shifts to the race. 
Also Read: <a href="https://www.benzinga.com/news/24/10/41196906/polls-suggest-this-candidate-holds-slim-lead-in-presidential-race-with-one-month-to-go">Polls Suggest This Candidate Holds Slim Lead In Presidential Race With One Month To Go</a>
According to a report <a href="https://thehill.com/homenews/campaign/4917032-vice-president-harris-trump-presidential-race/">by</a> The Hill, recent occurrences such as a major hurricane impacting the Southeastern U.S. and rising tensions in the Middle East have contributed to the political atmosphere.
Political strategists suggest that even a slight shift could be pivotal in such a closely contested race. Both parties remain hopeful about their chances, with Democratic National Committee Chair Jaime Harrison stating that the enthusiasm for Harris is &#8220;palpable.&#8221;
"I think the race is where I expected it would be, which is really, really close," Democratic strategist Jared Leopold told the outlet. "It's going to come down to the last month and who can execute and get done what they need to get done in a couple swing states."&nbsp;
"We're fighting for inches on the map, so every little thing is magnified when you're talking about these states," said Republican strategist Ford O'Connell.
"I don't think you're going to have this monstrous thing that's going to shove it one way or the other, but I do think you could have a series of events that together finally says to somebody who doesn't traditionally vote, screw it, I'm pulling the lever for Trump or Harris," O'Connell said to The Hill.
Why It Matters: The outcome of this election could have far-reaching implications for the country&#8217;s political landscape. The tight race underscores the deep divisions within the country and the high stakes involved in this election. 
The next four weeks will be crucial in determining the direction of the country for the next four years.
Read Next
<a href="https://www.benzinga.com/news/24/09/41080153/trump-vs-harris-this-candidate-skyrockets-in-election-forecast-poised-to-secure-victory-in-four-swin" target="_blank" rel="noreferrer noopener">Trump Vs Harris: This Candidate Skyrockets in Election Forecast, Poised To Secure Victory In Four Swing States</a>
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.

Harris And Trump In Razor-Tight Race With One Month To Go

The US Supreme Court embarks on its new term on Monday in the midst of a contentious presidential race and a docket filled with potentially divisive cases.
What Happened: The court is reconvening three months after handing down a series of significant decisions. Although the current docket seems less heated, it encompasses disputes over ghost guns and healthcare for transgender youth.
The ongoing election between former President Donald Trump and Vice President Kamala Harris, which remains too close to predict, could potentially draw the court into a polarizing conflict, <a href="https://www.bloomberg.com/news/articles/2024-10-05/supreme-court-returns-to-ghost-guns-trans-care-and-maybe-trump-cases?srnd=homepage-americas&amp;sref=TBDibEcD">reports</a> Bloomberg.
Rick Hasen, an election-law expert from UCLA School of Law, told the outlet, &#8220;I think the court would rather not be in the position of determining the outcome of the election.&#8221;
"If it's so close that it turns on just a single state that is very close, then I think we'd see a repeat of Bush v. Gore. But that is not a likely occurrence, just based on the odds," Hasen added.
Also Read: <a href="https://www.benzinga.com/news/24/09/40760283/betting-on-u-s-elections-federal-judges-decision-greenlights-political-wagers">Betting On U.S. Elections? Federal Judge&#8217;s Decision Greenlights Political Wagers</a>
The court has already dismissed requests to include Green Party candidate Jill Stein on the Nevada ballot and to reinstate independent Robert F. Kennedy Jr. on the New York ballot, despite his suspended candidacy.
Larger disputes may emerge over mail-in ballot regulations and state certification of election results.
Why It Matters: The court&#8217;s involvement in a major election case could test its conservative-majority standing, which has been affected by ethical controversies and divisive rulings. A poll conducted by Marquette Law School in August revealed a 43% approval and 57% disapproval rating of the court.
High-profile pending cases include the Biden administration&#8217;s challenge to a Tennessee law that bans puberty blockers and hormone therapy for transgender children. The outcome of the election could sway these cases, as a Trump win might result in the withdrawal of the federal government&#8217;s appeal.
Other cases involve a dispute over a 2022 Biden administration rule that treats build-at-home &#8220;ghost gun&#8221; kits the same as fully assembled firearms. The court&#8217;s prior ruling on a similar case may hint at its approach to this one.
The court will continue to add cases for the term until mid-January, potentially revisiting Trump&#8217;s bid for immunity from criminal prosecution over his efforts to overturn his 2020 election loss.
Read Next
<a href="https://www.benzinga.com/news/24/07/39871937/trumps-judicial-appointments-are-paying-off-for-him-especially-as-he-navigates-several-legal-battles">Trump&#8217;s Judicial Appointments Are Paying Off For Him — Especially As He Navigates Several Legal Battles</a>
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.

Supreme Court Set To Reconvene With Ghost Guns, Trans Youth Healthcare, And Elections On Docket

In a unique display of love, billionaire Mark Cuban subjected his wife, Tiffany Stewart, to an unconventional fast food test before <a href="https://www.benzinga.com/news/24/08/40667225/mark-cuban-asks-his-8m-x-followers-about-whose-character-would-they-like-young-children-to-grow-up-e">they got married</a>.
What Happened: The &#8220;Shark Tank&#8221; star disclosed that he once challenged Stewart to consume a greasy slider from White Castle before they tied the knot. This revelation was made on the &#8220;Club Shay Shay&#8221; podcast <a href="https://www.youtube.com/watch?v=0DAVdTTgGcU">post</a>.
Cuban explained the test was straightforward: &#8220;We're going to White Castle, and if you really love me, you'll eat a White Castle burger!&#8221; Stewart successfully passed the test, he confirmed.
Also Read: <a href="https://www.benzinga.com/news/24/10/41196856/heres-how-mark-cubans-drunken-splurge-of-125-000-turned-into-a-profitable-investment">Mark Cuban Drunkenly Bought A $125,000 Lifetime Flight Pass And Turned It Into A Profitable Investment</a>
Why It Matters: When Cuban was contemplating marriage with Stewart, he had already achieved billionaire status for at least three years. 
The duo first crossed paths in 1997 at a Dallas gym and exchanged vows five years later in a Barbados ceremony in 2002, according to People.
The couple has three children: daughters Alexis and Alyssa, and son Jake. Cuban, with a current net worth of $5.7 billion, has previously shared his views on parenting, stressing the significance of his children earning their own way and avoiding a sense of entitlement.
Read Next
<a href="https://www.benzinga.com/top-stories/24/06/39241650/heres-how-mark-cuban-made-91-of-his-employees-millionaires" target="_blank" rel="noreferrer noopener">Here's How Mark Cuban Made 91% Of His Employees Millionaires</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image: Wikimedia Commons

Entertainment

Mark Cuban Put His Wife Through This Fast Food Test Before Their Wedding

South Korean President Yoon Suk Yeol suggests that Kim Jong Un&#8216;s latest nuclear saber-rattling is a calculated move to draw the attention of the U.S. ahead of the presidential election.
What Happened: The South Korean leader anticipates major provocations from North Korea, including a nuclear test explosion and a long-range missile test.
Yoon is preparing for a tour of three nations, including a visit to Laos for meetings with Southeast Asian and other global leaders. He intends to emphasize the significance of North Korea&#8217;s nuclear disarmament for regional peace at the Association of Southeast Asian Nations (ASEAN)-related gatherings, <a href="https://apnews.com/article/south-korea-yoon-north-nuclear-asean-3e6a6839383efed921afc12351e3ba8c">reports</a> The Associated Press.
North Korea has been a mounting concern in the past few weeks, following the disclosure of a clandestine uranium-enrichment facility, a pledge to manufacture more nuclear weapons, and ongoing missile tests. 
Last week, Kim threatened to annihilate South Korea with his nuclear weapons, if incited.
Experts speculate that North Korea aims to use an expanded nuclear arsenal as a bargaining chip to secure outside concessions such as sanctions relief, following the election of a new U.S. president. 
The recent revelation of the nuclear site demonstrated Kim&#8217;s defiance of U.S.-led initiatives to eradicate his progressing nuclear program.
Also Read: <a href="https://www.benzinga.com/news/24/10/41197208/kim-jong-un-and-xi-jinping-vow-to-write-a-new-chapter-in-china-north-korea-cooperation-develop-the-f">Kim Jong Un And Xi Jinping Vow To &#8216;Write A New Chapter&#8217; In China-North Korea Cooperation: &#8216;Develop The Friendly And Cooperative Relations&#8230;As Required&#8217;</a>
President Yoon did not provide details on whether South Korea has identified any suspicious activities in North Korea that suggest its preparations for nuclear and ICBM tests. 
He confirmed that South Korea is vigilantly observing North Korea&#8217;s movements through the South Korea-U.S. combined intelligence and surveillance assets.
Since his inauguration in 2022, Yoon has prioritized a stronger military alliance with the United States in his foreign policy to manage North Korea&#8217;s evolving nuclear threats. He expressed confidence that the &#8220;ironclad&#8221; South Korea-U.S. alliance will continue to progress steadily, irrespective of the U.S. election results.
Why It Matters: The recent threat by Kim has added to the growing tensions on the Korean Peninsula. North Korea&#8217;s intensified nuclear production efforts and strengthened ties with Russia have raised alarms in the West. The speculation that North Korea could revoke a key agreement for the potential reunification of the Koreas has further escalated the situation.
Kim&#8217;s threat of nuclear retaliation against South Korea if provoked is a significant escalation in the already tense relations between the two Koreas. 
The international community will be closely monitoring the situation, as any further escalation could have severe consequences for regional and global security.
Read Next
<a href="https://www.benzinga.com/news/24/10/41181104/kim-jong-un-threatens-nuclear-retaliation-against-south-korea-if-attacked">Kim Jong Un Threatens Nuclear Retaliation Against South Korea If Attacked</a>
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.

Global

North Korea Threatens Nuclear War, But South's President Calls It A Bid For US Attention

Elon Musk appeared at a Donald Trump rally in Butler, Pa., on Saturday, where he made a fervent appeal to Trump supporters to register and cast their <a href="https://www.benzinga.com/news/24/09/40761472/could-elon-musk-lead-doge-if-donald-trump-returns-to-the-white-house">votes in next month&#8217;s election</a>.
What Happened: Musk, wearing a black MAGA hat, made an appearance at Trump&#8217;s rally, which took place at the location of the July assassination attempt against Trump. Musk praised Trump&#8217;s fortitude in overcoming adversity, drawing a comparison with President Joe Biden&#8216;s perceived physical weakness.
"As you can see, I'm not just MAGA, I'm dark MAGA. The true test of someone's character is how they behave under fire. And we had one president who couldn't climb a flight of stairs and another who was fist pumping after getting shot," Fox News <a href="https://www.foxnews.com/video/6362892375112">reported</a> Musk saying during the rally.
Musk urged the crowd to motivate their acquaintances and relatives to register to vote and back Trump. He cautioned that if Trump does not emerge victorious in the upcoming election, it could potentially be the &#8220;last election.&#8221;
&#8220;Free speech is the bedrock of democracy and if people don't know what's going on, if they don't know the truth, how can you make an informed vote? You must have free speech in order to have democracy,&#8221; Musk said. 
Also Read: <a href="https://www.benzinga.com/news/24/09/41082363/heres-how-elon-musk-has-become-a-pro-trump-political-influencer-through-social-media">Here&#8217;s How Elon Musk Has Become A Pro-Trump Political Influencer Through Social Media</a>
Musk highlighted the significance of the election, voicing concerns over threats to freedom of speech and the right to bear arms. He also criticized states that do not mandate voter ID, arguing that it compromises the integrity of the election.
Musk&#8217;s call for voter registration was particularly pressing for residents of Georgia and Arizona, where the registration deadline was just two days away at the time of the rally.
On the same day, Musk went on X and said, &#8220;If there is a Democratic Party victory this election, they will ban voter ID requirements nationwide, enabling massive voter fraud. Banning voter ID is their stated goal – they are not hiding it! After that, your vote won't matter, so this is therefore the last real election. Vote for Trump to save democracy.&#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">If there is a Democratic Party victory this election, they will ban voter ID requirements nationwide, enabling massive voter fraud. Banning voter ID is their stated goal – they are not hiding it! After that, your vote won't matter, so this is therefore the last real election.… <a href="https://t.co/5XlUOAvqoV">https://t.co/5XlUOAvqoV</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1842601913440997846?ref_src=twsrc%5Etfw">October 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> doesn't win, the Democrats will have 4 years to turn swing states in permanent deep blue states <a href="https://t.co/56hBgUxGvd">https://t.co/56hBgUxGvd</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1842617203331379257?ref_src=twsrc%5Etfw">October 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The rally and Musk&#8217;s appeal underscore the high stakes and intense political climate surrounding the upcoming election. 
Musk&#8217;s comments about the potential threat to free speech and the right to bear arms resonate with many Trump supporters, who share similar concerns. 
His criticism of states without voter ID requirements also taps into ongoing debates about election integrity and voter suppression. 
The urgency of Musk&#8217;s call for voter registration, particularly in key states like Georgia and Arizona, highlights the crucial role these states could play in determining the election outcome.
Read Next
<a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures">What A Second Trump Presidency Would Mean For Elon Musk And His Many Ventures</a>
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.

Elon Musk Urges Rally Crowd: 'Vote For Trump To Save Democracy'

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) stock tumbled 24.89% after the company updated investors on the decline in Stars&#8217; performance for 2025 and how it <a href="https://www.benzinga.com//node/41140319" target="_blank" rel="noreferrer noopener">will impact quality bonus payments in 2026</a>. Several analysts lowered <a href="https://www.benzinga.com/quote/hum/analyst-ratings" target="_blank" rel="noreferrer noopener">the stock&#8217;s price forecast</a>.</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) stock fell 17.06% last week after Chrysler Parent&#8217;s U.S. sales nosedived 20% <a href="https://www.benzinga.com//node/41147560" target="_blank" rel="noreferrer noopener">in the third quarter</a>. <a href="https://www.benzinga.com//node/41190669" target="_blank" rel="noreferrer noopener">Several</a> analysts <a href="https://www.benzinga.com/quote/stla/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded the stock</a>.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares dipped 10.63%. The company announced it will restrict services tied to Stablecoins that do not <a href="https://www.benzinga.com//node/41171878" target="_blank" rel="noreferrer noopener">meet MICA European regulations</a>.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares were down 10.15%.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares fell 10% last week after the company <a href="https://www.benzinga.com//node/41182921" target="_blank" rel="noreferrer noopener">lowered its annual production</a> guidance due to a supply shortage of shared components on the R1 and RCV platforms.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLSR#NASDAQ">FLSR</a>) stock lost 9.63% last week.</li>
<li>ConAgra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) stock declined 9.12% after the company reported <a href="https://www.benzinga.com//node/41140181" target="_blank" rel="noreferrer noopener">worse-than-expected Q1 financial results</a>.</li>
<li>Floor &amp; Decor Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) stock declined 8.81% last week.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares plummeted 8.59%. The company announced the completion of enrollment in its Phase III <a href="https://www.benzinga.com//node/41174110" target="_blank" rel="noreferrer noopener">HARMONi trial in 2L+ EGFRm NSCLC</a>.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) stock fell 8.44%. The company <a href="https://www.benzinga.com//node/41169029" target="_blank" rel="noreferrer noopener">reached a stipulation</a> in its ongoing patent infringement litigation with Alnylam Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>).</li>
<li>Nike, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) stock fell 8.04% after multiple firms cut their respective price targets <a href="https://www.benzinga.com//node/41147332" target="_blank" rel="noreferrer noopener">following a first-quarter revenue miss</a>.</li>
</ol>
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Photo by rafapress via Shutterstock

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With the start of a new week comes the excitement surrounding a new set of companies looking to make an impact through their public offerings. <a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a>, these enticing companies are scheduled to trade publicly this week.
<ul>
<li>KinderCare Learning Companies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLC#NYSE">KLC</a>) becomes publicly listed starting on Oct. 9. The company has a price range set between $23.00 and $27.00 with a 180-day lockup period. KinderCare Learning Companies, Inc will be offering 24,000,000&nbsp;shares at a per-share value of $25.00.</li>
</ul>
<h3>Breaking Down IPOs</h3>
Initial public offerings, or IPOs, are the transitional processes of private companies deciding to go public and offer shares to investors on exchanges. IPOs typically offer companies the ability to build capital by distributing shares across the market. A company interested in becoming publicly tradeable must first meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other important data points before the offering.
Companies and investment banks will work to establish a price range that the stock is expected to sell between. This is known as an offering range. Once a company goes public, its stock comes with an opening price. The insider lock-up period is usually a set number of days after an IPO where company insiders, or employees with a 10% or higher stake in their company, cannot sell shares.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

IPOs

IPO Previews For The Week

Florida&#8217;s Gulf Coast, still grappling with the aftermath of Hurricane Helene, is now bracing for another major hurricane. Tropical Storm Milton is rapidly intensifying and is expected to hit the region as a Category 3 hurricane by mid-week.
What Happened: Milton&#8217;s top winds reached 60 mph early Sunday, while it was approximately 860 miles west-southwest of Tampa.
The US National Hurricane Center anticipates the storm to escalate into a Category 3 hurricane, potentially reaching 120-mph winds by the time it makes landfall on Wednesday. In response, Gov. Ron DeSantis (R-Fla.) has declared a state of emergency in 35 counties.
Brandon Buckingham, a meteorologist at AccuWeather Inc., <a href="https://www.bloomberg.com/news/articles/2024-10-06/florida-faces-deadly-tropical-threat-in-hurricane-helene-s-wake?srnd=homepage-americas&amp;sref=TBDibEcD">told</a> Bloomberg that the situation as &#8220;scary&#8221; and urged residents not to take the threat lightly. He expects conditions to deteriorate significantly by late Tuesday or Tuesday night, with Wednesday being the most impactful day.
Also Read: <a href="https://www.benzinga.com/news/24/09/41103339/how-hurricane-helene-could-disrupt-global-semiconductor-supply-chain-and-potentially-drive-inflation">How Hurricane Helene Could Disrupt Global Semiconductor Supply Chain, And Potentially Drive Inflation Higher</a>
Milton is set to be the second major hurricane to hit the US in a span of two weeks, following Helene, which resulted in losses and damages amounting to $250 billion and claimed at least 225 lives. 
This hurricane season has already witnessed 13 storms forming across the Atlantic Ocean, with four hurricanes, including Helene and Beryl in July, hitting the US.
Why It Matters: As Milton advances eastward across the Gulf, it is expected to gain strength from the warm water and minimal adverse atmospheric conditions, according to Jack Beven, a senior hurricane specialist at the National Hurricane Center. However, it might weaken slightly due to dry air and wind shear as it approaches the shore.
Beven has urged residents along the Florida shoreline to prepare for &#8220;a powerful hurricane with life-threatening hazards&#8221; expected to affect parts of the Florida west coast around midweek.
Read Next:&nbsp;
<a href="https://www.benzinga.com/24/09/41082266/hurricane-helene-devastates-southeastern-u-s-slamming-infrastructure-and-leaving-millions-powerless" target="_blank" rel="noreferrer noopener">Hurricane Helene Devastates Southeastern U.S., Slamming Infrastructure And Leaving Millions Powerless</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

After Helene, Florida Gears Up For Another Devastating Hurricane

These ten large-cap stocks were the best performers in the last week, dominated mostly by USA-listed Chinese stocks, which benefited from additional stimulus measures aimed at boosting China&#8217;s economy.
<ol>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) stock upped 49.37% after additional stimulus measures aimed at boosting China&#8217;s economy <a href="https://www.benzinga.com//node/41130855" target="_blank" rel="noreferrer noopener">were&nbsp;announced over the weekend</a>.&nbsp;</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares jumped 29.01% on continued strength following recent stimulus measures and the <a href="https://www.benzinga.com//node/41188162" target="_blank" rel="noreferrer noopener">start of the National Day Golden Week</a>.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) shares increased 17.72%.</li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) stock rose 17.58% after some analysts raised <a href="https://www.benzinga.com//node/41176088" target="_blank" rel="noreferrer noopener">their price forecasts</a>.</li>
<li>Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) shares gained 14.05% last week after BMO Capital upgraded the stock from <a href="https://www.benzinga.com//node/41188653" target="_blank" rel="noreferrer noopener">Market Perform to Outperform</a> and raised its price target from $205 to $215.</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) shares rose 13.95%, thanks to China&#8217;s additional stimulus to boost consumption.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) stock escalated 13.60% after the company reported a year-over-year increase in <a href="https://www.benzinga.com//node/41109111" target="_blank" rel="noreferrer noopener">September and&nbsp;Q3&nbsp;delivery results</a>.</li>
<li>Ovintiv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OVV#NYSE">OVV</a>) stock grew 13.45%.</li>
<li>BeiGene Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) shares gained 12.65% last week. The upmove followed its announcement that the FDA Oncologic Drugs Advisory Committee recognized the favorable benefit-risk profile of PD-1 inhibitors, including TEVIMBRA.</li>
<li>ZTO Express Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) stock gained 11.90% last week.</li>
</ol>
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<li><a href="https://www.benzinga.com/news/24/10/41198592/coinbase-nike-and-moderna-are-among-top-11-large-cap-losers-last-week-sept-30-oct-4-are-the-others-i">Coinbase, Nike And Moderna Are Among Top 11 Large Cap Losers Last Week (Sept 30-Oct 4): Are The Others In Your Portfolio?</a></li>
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Image via Shutterstock

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US Listed Chinese Stocks Dominate Another Week - Li Auto, JD.com Among Top 10 Large Cap Gainers Last Week (Sept 30-Oct 4): Are The Others In Your Portfolio?

Toyota, the world's largest automaker, has stepped back on its ambitious <a href="https://www.benzinga.com/startups/24/08/40597630/while-california-leads-in-evs-these-two-states-are-way-behind-with-the-fewest-per-100-000-people">electric vehicle (EV) </a>targets, trimming its 2026 production goals by a third. Originally aiming to roll out 1.5 million EVs by that year, the company has lowered the bar to one million units. According to Nikkei, this move is a response to the global EV market slowdown, a trend that's hit other major players too.
Volvo, Volkswagen and Ford have all recently scaled back their EV plans as sales in the electric vehicle sector soften. While still set to expand its EV lineup, Toyota is adjusting to the reality that growth won't be as fast as expected.&nbsp;
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Still, the automaker's EV production is slated to increase. For 2024, Toyota aims to sell 140,000 EVs, up from 100,000 this year. By 2025, that number is expected to rise to 400,000.
Toyota's flagship EV, the bZ4X, launched earlier this year, but it hasn't made a huge splash in the market. By the end of August, only 717 units had been sold, which seems small compared to Tesla's Model Y.&nbsp;
Tesla's popular model racked up 12,516 registrations in the first eight months of 2024, making it the country&#8217;s bestselling EV. This contrast highlights Toyota&#8217;s challenges as it tries to carve out a bigger market share.
Trending: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a>
While it might seem like a setback, Toyota's efforts are far from over. The automaker has produced battery electric vehicles (BEVs) in China. Partnering with companies like BYD, FAW and GAC, Toyota has built models like the bZ3 sedan and the bZ3X crossover for the Chinese market.&nbsp;
These partnerships show that Toyota isn't putting all its eggs in one basket but is diversifying its EV strategy to meet varying global demands.
Toyota's luxury division, Lexus, has also entered the BEV market with models like the UX 300e city SUV and the RZ, which shares its platform with the bZ4X. In 2021, Toyota announced a bold plan to introduce 30 new EV models by the end of the decade. They even showcased 16 concept cars to signal their dedication.&nbsp;
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But a year later, the company began revising its plans, focusing on adopting more efficient production methods, similar to those used by <a href="https://www.benzinga.com/startups/24/09/40899899/tesla-switches-to-full-self-driving-supervised-for-new-cars-and-the-conspiracy-theories-are-already">Tesla</a>.
There's still some uncertainty surrounding how this recent production cut will affect Toyota's broader EV ambitions. The company hasn't laid out exactly how these changes might influence the rollout of future models.
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Toyota Slows Down EV Production Amid Industrywide Shift – Here's Why They're Changing Course

Grant Cardone isn't one to shy away from <a href="https://www.benzinga.com/real-estate/24/06/39160752/youre-not-wealthy-youre-worried-grant-cardone-says-millionaires-are-basically-middle-class-people">making bold statements</a>, especially when it comes to money. He feels $10 million is the new $1 million.&nbsp;
In a TikTok video titled "If You're A Millionaire You're Broke – Get To $10 Million To Be Considered Rich," Cardone breaks down his belief that having a million dollars in 2024 is barely enough to keep you afloat, much less make you rich.
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"If you have a million dollars and you want to buy a house, well then you're down to $200k," Cardone explains, highlighting just how quickly money can disappear when faced with life's big expenses. He takes it a step further, saying, "Your mom has cancer, you're out of $200k in 45 days. You're back to zero again." His point? A million dollars isn't what it used to be.
See Also: <a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a>
Cardone even dives into some historical context, noting, "A million was a lot of money in 1960. If money deflated at the rate that it has in my 65 years, money is worth 10% of what it was then. So, if a millionaire was rich in 1960, you need $10 million in 2024 to be considered rich." According to him, if you're still using the idea of $1 million as a benchmark for wealth, you're behind the times.
His math is correct. According to inflation calculators, $1 million in 1960 is actually equivalent to $10,635,000.00 in 2024.&nbsp;
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
Is $1 Million Still Enough?
In his book The Wealth Creation Formula, Grant Cardone states, "A million dollars isn't enough" and "$10 million is the new $1 million."
In a GoBankingRates interview, Cardone explains what life is like for someone who retires with $1 million. He says that if you stretch that money over 35 years of retirement, it equals about $28,571 per year or roughly $2,381 a month.&nbsp;
As Cardone told GoBankingRates, "The average rent in America is $2,000. You have $500 a month left over. You haven't eaten, you haven't gone out, you haven't bought one pair of shoes, you don't have health care, you don't have insurance and you definitely don't have a car payment. You have one car payment, you're negative $200 a month. So you're the millionaire that can't afford anything."
Trending: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Building Wealth Beyond $1 Million
So, what is Cardone's solution to this problem? Building passive income. In his eyes, the key to long-lasting wealth is finding ways to make money while you sleep. Whether investing in real estate or creating other income streams, he focuses on ensuring your money works for you – not the other way around.
He emphasizes creating enough passive income to match or exceed your earned income, ideally between <a href="https://www.benzinga.com/personal-finance/24/08/40166983/grant-cardone-says-earning-400-000-a-year-is-embarrassing-as-a-human-being-asks-how-do-you-make-">$400,000 and $500,000 </a>annually. That's a tall order for most people, but it's the kind of financial security Cardone says you need to live comfortably today.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a>
Criticism and Realities
Of course, not everyone agrees with Cardone. Plenty of people think $1 million is still a solid goal, with some surveys suggesting a net worth of around $2.2 million is <a href="https://www.benzinga.com/personal-finance/24/04/38384496/what-makes-you-feel-rich-heres-the-average-net-worth-of-people-who-consider-themselves-wealthy">enough to feel wealthy</a>. However, Cardone's point is that aiming for $1 million might leave you struggling to keep up in the long run.
Whether you agree with his $10 million target or not, <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">financial security</a> looks a lot different now than it did in 1960.
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Grant Cardone Says 'You Need $10 Million To Be Considered Rich' – $1 Million in Retirement Won't Cut It If You Want To Afford Anything

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