Latest news for OrgHarvest (OTC:ORGH) Stock

OrgHarvest Inc is engaged in recreational and medicinal marijuana industry for cultivating cannabis. It is a cultivator of cannabis production in Northern Nevada. The company offers flower, edibles, and oil to licensed retailers across the United States.

OrgHarvest Inc

Former Democratic Senator Al Franken said in an interview with Bill Maher on Friday that President Joe Biden is wrong to impose tariffs on Chinese EVs. 
What Happened: The imposition of higher tariffs on Chinese imports is eventually passed down to the U.S. consumer and is not borne by China, Franken said on Friday about tariffs. 
While Franken was referring to Trump&#8217;s promise of 60% tariffs for all imports from China if voted President in the upcoming elections, Maher noted that Biden too has imposed higher tariffs on EVs made in China.
&#8220;Well in that case dammit, Biden&#8217;s wrong,&#8221; Franken said. 
Why It Matters: The U.S. Trade Representative&#8217;s office said on Friday that many of the tariffs announced by President Joe Biden earlier this year, including a 100% duty on Chinese EVs and a 25% duty on EV batteries, will take effect on Sept. 27. 
American EV giant Tesla Inc&#8216;s CEO Elon Musk previously slammed the tariffs <a href="https://www.benzinga.com/news/24/09/40825946/china-wants-automakers-to-safeguard-their-ev-technology-and-keep-it-within-the-country-as-companies">proposed by the Biden administration</a>, saying that neither Tesla nor he asked for them. 
&#8220;Things that inhibit freedom of exchange or distort the market are not good,&#8221; <a href="https://www.benzinga.com/news/24/05/39006664/elon-musk-slams-biden-administration-over-100-tariffs-on-chinese-ev-imports-things-that-distort-the">Musk said</a>. 
Ford Motor Co, meanwhile, requested that the proposed tariffs on artificial graphite be reduced given they are a key element in making EV batteries. 
<em style="color: rgb(45, 45, 45); font-family: &quot;Helvetica Neue&quot;, Helvetica, OpenSans, Arial, sans-serif; font-size: 17.6px; white-space-collapse: collapse; box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a data-google-interstitial="false" style="font-family: &quot;Helvetica Neue&quot;, Helvetica, OpenSans, Arial, sans-serif; font-size: 17.6px; white-space-collapse: collapse; box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; color: rgb(44, 162, 209); text-decoration: inherit;" href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener"><em style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">following this link</a>.
Image Generated using DALL-E

News

Politics

Tech

Former Democratic Senator Al Franken Says Biden Is Wrong To Impose Higher Tariffs On EVs Made In China

<table style='width:fit-content; border: none;'>
<tr style='background: none;'>
<td colspan='10' style='padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://coniagas.com/'><img src="https://thenewswire.com/data/tnw/clients/logos/1kZaF0Zb1.png?t=1716840522" alt="Coniagas Battery Metals Inc." /></a></td>
</tr>
<tr style='background: none;'>
<td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://thenewswire.com/api/apps/tnw/r?i=1kZaF0Zb1&amp;m=fac'><img src="https://thenewswire.com/data/tnw/img/fac.png" /></a></td>
<td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://thenewswire.com/api/apps/tnw/r?i=1kZaF0Zb1&amp;m=twi'><img src="https://thenewswire.com/data/tnw/img/twi.png" /></a></td>
<td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://thenewswire.com/api/apps/tnw/r?i=1kZaF0Zb1&amp;m=lin'><img src="https://thenewswire.com/data/tnw/img/lin.png" /></a></td>
<td style='padding: 0; margin: 0; border: none; background: none;'></td>
</tr>
</table>
 

Vancouver, BC – September 10, 2024 – TheNewswire – Coniagas Battery Metals Inc. ("Coniagas" or the "Company") (TSX.V: COS) is pleased to announce the implementation of its collaboration with SGS Québec, a global leader in metallurgical innovation and strategic resource development. The initiative is aimed at developing a leading position in the critical minerals sector by scaling up the technological capabilities of the Re-2Ox hydrometallurgical process.


Global Feed First Strategy Highlights:

<ul>
<li>

Sourcing critical mineral feed stocks and concentrates globally 

</li>
<li>

Metallurgical testwork to be undertaken by SGS Québec using the Re-2Ox process 

</li>
<li>

Producing on-spec battery-grade materials  

</li>
</ul>

The <a href='https://coniagas.com/news/2024/sgs-quebec-to-propel-strategic-funding-and-technological-advancements-for-re/' target='_blank'>collaboration with SGS builds on a series of engagements</a>, and comprises two phases: the first phase establishes a framework for metallurgical testing and strategic funding pursuits, while the second phase focusses on funding strategy refinement and advancing the Re-2Ox process to meet the needs of the rapidly growing electric vehicle (EV) markets. <a href='' target='_blank'></a>The arrangement is based on an agreement signed with SGS May 15, 2024 and announced in a news release May 21, 2024.


A Global Strategy


Our "feed first" strategy, which prioritizes securing reliable, long-term sources of critical minerals, is a cornerstone of the Company's approach. By <a href='https://coniagas.com/news/2024/offshore-stockpile-opportunities-for-evaluation-with-re-2ox/' target='_blank'>securing potential offshore stockpiles</a> and bringing them to Quebec for potential processing, Coniagas is not only expanding its resource base but also ensuring a resilient and flexible supply chain that can adapt to market demands.


In parallel, Coniagas is conducting extensive metallurgical testwork on the Graal deposit in Quebec. This testwork is vital for advancing the Graal property towards production as well as scaling up the Re-2Ox process and aligns with the company's strategy of integrating global resources with local expertise to drive innovation.


Frank Basa, President and CEO of Coniagas, stated, "Our collaboration with SGS is a key part of our strategy to create a vertically integrated supply chain that supports the entire battery metals ecosystem. We are ensuring that our Re-2Ox process is versatile, scalable, and ready to meet the needs of not just the EV market, but also other industries that are driving toward a net-zero future. This global approach strengthens our position and aligns perfectly with our 'feed first' strategy."


Qualified Person


The technical information in this news release was reviewed and approved by Matthew Halliday, P.Geo., member of the Ordre des Géologues du Québec, who is a Qualified Person in accordance with National Instrument 43-101.


About Coniagas Battery Metals Inc.


Coniagas Battery Metals Inc. is a Canadian junior mining company, focused on nickel, copper, cobalt, and platinum group metals in Québec. The Company's strategy aims to generate shareholder value by developing its mineral assets and constructing an advanced processing plant, positioning Coniagas as a potential key supplier for the electric vehicle (EV) industry.


Graal Project: Strategic Resource Development


The 100%-owned Graal project near Saguenay, Quebec, has shown significant potential through extensive geophysical surveys and shallow drilling. It has identified high-grade nickel and copper mineralization, with showings of cobalt, platinum, and palladium, along a 6 km strike length at shallow depths potentially suitable for open-pit mining. Upcoming activities include further drilling, metallurgical testing, and consultations with First Nations, culminating in a NI 43-101 resource report. <a href='https://coniagas.com/static/technical-report-81a97c8c465944651d04704f5fbade3e.pdf' target='_blank'>The NI 43-101 Technical Report Graal Nickel &amp; Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada</a>, dated January 17, 2024, provides detailed project information.


Long-Term Vision and Commercialization Strategy


Coniagas leverages proprietary technologies like the Re-2Ox hydrometallurgical process for the extraction and production of cleaner, low-carbon, battery-grade materials. This innovative process eliminates the need for traditional smelting, significantly reducing the environmental footprint. Combined with strategic projects such as Graal and CAM/pCAM production initiatives, Coniagas is positioning itself as a potential player in the future of the EV industry. For more information, visit the <a href='https://coniagas.com/' target='_blank'>Company's website</a>.


"Frank J. Basa"


Frank J. Basa, P. Eng., Professional Engineers Ontario


Chief Executive Officer


For further information, contact:


Frank J. Basa, P. Eng. Ontario


Chief Executive Officer


416-625-2342


or:


Wayne Cheveldayoff, Corporate Communications


P: 416-710-2410


E: <a href='mailto:waynecheveldayoff@gmail.com' target='_blank'>waynecheveldayoff@gmail.com</a>


You can follow Coniagas on Social Media:


LinkedIn: <a href='https://www.linkedin.com/company/coniagas-battery-metals/' target='_blank'>https://www.linkedin.com/company/coniagas-battery-metals/</a>


X (Twitter): <a href='https://twitter.com/coniagasmetals' target='_blank'>https://twitter.com/coniagasmetals</a>


Facebook: <a href='https://www.facebook.com/coniagas/' target='_blank'>https://www.facebook.com/coniagas/</a>


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Caution Regarding Forward-Looking Statements


This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc. ("Coniagas" or the "Company") which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the private placement referred to above, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law.

    
Copyright (c) 2024 TheNewswire - All rights reserved.

Coniagas Initiates Global Feed First Strategy on Critical Minerals with SGS Quebec

The United States and the United Kingdom are reportedly concerned that Russia is sharing classified information and technology with Iran which could help the latter build nuclear weapons. 
What Happened: Russia has been escalating its cooperation with Iran over its pursuit of atomic weapons, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-14/us-uk-on-edge-as-russia-shares-nuclear-secrets-with-iran">reported</a>, citing Western officials familiar with the matter. Iran will, in turn, provide Russia with ballistic missiles for use in its ongoing war with Ukraine, they said. 
The issue was a point of discussion between US and UK officials in Washington this week when British Prime Minister Keir Starmer met U.S. President Joe Biden at the White House, the report added. 
Why It Matters: The U.S. Secretary of State Antony Blinken alluded to this exchange of nuclear technology during a press conference in London last week. He then said that Russia had received a shipment of Iran's Fath-360 ballistic missiles, Bloomberg reported.
"For its part, Russia is sharing technology that Iran seeks — this is a two-way street — including on nuclear issues, as well as some space information," Blinken said.
Despite Iran&#8217;s insistence that it has no plans to develop nuclear weapons, the International Atomic Energy Agency (IAEA) observed a surge in Iran&#8217;s nuclear fuel levels between June and August, raising concerns. 
The possible collaboration between Iran and Russia on nuclear weapons could further aggravate the two ongoing wars around the globe, including the <a href="https://www.benzinga.com/government/24/09/40862471/turkeys-spy-chief-meets-with-hamas-to-discuss-cease-fire-in-gaza-reports">Israel-Hamas war</a> and the <a href="https://www.benzinga.com/news/24/09/40851131/russian-president-says-ukraines-use-of-long-range-missiles-would-signal-that-us-and-nato-are-at-war">Russia-Ukraine war</a>. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/04/38350894/billionaire-investor-ray-dalio-is-sticking-with-gold-as-a-hedge-against-inflation-history-and-logic" target="_blank" rel="noreferrer noopener">Billionaire Investor Ray Dalio Is Sticking With Gold As A Hedge Against Inflation: ‘History And Logic Show That …'</a></li>
</ul>
Image via Shutterstock

US And Allies Worried Amid Reports Of Russia Potentially Sharing Nuclear Secrets With Iran

Microsoft Co-founder Bill Gates and his ex-wife Melinda French Gates took to Instagram on Saturday to celebrate the 22nd birthday of their youngest daughter Phoebe Gates.
What Happened: &#8220;This little girl has grown up to be a dedicated advocate, a brilliant founder, and a simply wonderful person whose presence makes everyone's day—and life—better. Happy birthday, Phoebe Gates. I'm more proud of you than you'll ever know,&#8221; Gates wrote. The post was adjoined by two photos, one showing Gates with Phoebe as a child and the other showing the father-daughter duo more recently.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/15002620/Screenshot-2024-09-15-at-9.56.08%E2%80%AFAM-1024x705.png" alt="" class="wp-image-548342" /></figure>
Melinda Gates also took to Instagram to wish her child, sharing two photographs of herself with her daughter from when she was a baby and also as an adult. 
&#8220;From then to now, I couldn't love you more, Phoebe &#x1f49e; Happy 22nd birthday!,&#8221; Melinda wrote. 
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/15002617/Screenshot-2024-09-15-at-9.55.41%E2%80%AFAM-1024x692.png" alt="" class="wp-image-548341" /></figure>
Bill Gates and Melinda Gates divorced in 2021. 
Why It Matters: Phoebe celebrated her birthday with her team at Phia on Friday, People Magazine <a href="https://people.com/phoebe-gates-celebrates-22nd-birthday-mom-melinda-pays-tribute-8712627">reported</a>, citing her Instagram stories which are no longer available for viewing. Phia is a digital fashion platform founded by Phoebe with her friend Sophia Kianni.
&#8220;Thank you @phiaco,&#8221; she captioned one of the party photos. &#8220;Best team.&#8221;
Phoebe, a graduate of Stanford University, is a proponent of sustainability in fashion. She is the youngest of Bill Gates&#8217; <a href="https://www.benzinga.com/general/entertainment/24/04/38475740/bill-gates-shares-heartwarming-scuba-diving-photo-with-daughter-on-her-28th-birthday-im-in-">three children</a>. The 22-year-old has 468,000 followers on Instagram.
Phoebe will be a guest on the docuseries &#8220;What&#8217;s Next? The Future With Bill Gates,&#8221; <a href="https://www.benzinga.com/general/entertainment/24/09/40738801/lady-gaga-mark-cuban-bernie-sanders-fauci-and-more-join-bill-gates-netflix-special-i-have-a">scheduled to premiere on Netflix </a>on Sept. 18.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40866592/swifties-rally-for-kamala-harris-taylor-swift-superfan-organizes-online-push-for-democratic-ticket">Swifties Rally For Kamala Harris: Taylor Swift Superfan Organizes Online Push For Democratic Ticket</a></li>
</ul>
Image via Shutterstock

Entertainment

General

Bill Gates' Youngest Daughter Phoebe Celebrates 22nd Birthday With The 'Best Team': Microsoft Co-Founder And Melinda Celebrate Her On Instagram

Billionaire&nbsp;Jeff Bezos&nbsp;<a href="https://www.benzinga.com/news/24/09/40764266/kids-in-a-dorm-room-jeff-bezos-blueprint-for-tomorrows-space-leaders">founded</a> Blue Origin‘s&nbsp;New Glenn-1&nbsp;launch vehicle&#8217;s first booster will be called &#8220;So You're Telling Me There's a Chance,&#8221; company CEO Dave Limp said on Friday. 
What Happened: The booster is called &#8220;So You're Telling Me There's a Chance&#8221; as no one has landed a reusable booster on the first try before, Limp said. 
&#8220;No one has landed a reusable booster on the first try. Yet, we're going for it, and humbly submit having good confidence in landing it,&#8221; Limp said. &#8220;But like I said a couple of weeks ago, if we don't, we'll learn and keep trying until we do.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We have a cool history naming key Blue hardware that dates back to New Shepard. We're calling New Glenn's first booster "So You're Telling Me There's a Chance." Why? No one has landed a reusable booster on the first try. Yet, we're going for it, and humbly submit having good… <a href="https://t.co/xKxFCBwSgA">pic.twitter.com/xKxFCBwSgA</a>
&mdash; Dave Limp (@davill) <a href="https://twitter.com/davill/status/1834703746842214468?ref_src=twsrc%5Etfw">September 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
New Glenn is a reusable heavy-lift rocket named after&nbsp;John Glenn, the first American to orbit Earth. The development of the vehicle, expected to compete with SpaceX's Falcon launch vehicle, has been delayed for years. 
SpaceX landed a Falcon 9 booster vertically for the first time in December 2015 after multiple attempts.
New Glenn, unlike Blue Origin's New Shepard vehicle, can reach the Earth's orbit and beyond.&nbsp;<a href="https://www.benzinga.com/news/24/05/38909990/90-year-old-breaks-record-as-oldest-astronaut-with-blue-origins-launch" target="_blank" rel="noreferrer noopener">New Shepard</a>, meanwhile, can only reach the edge of space.
Why It Matters: New Glenn-1&nbsp;is now expected to launch for the first time in November.
NASA selected&nbsp;<a href="https://www.benzinga.com/news/24/03/37449722/former-spacex-mission-director-who-jumped-to-jeff-bezos-camp-expects-blue-origins-lunar-cargo-lander" target="_blank" rel="noreferrer noopener">Blue Origin&nbsp;</a>to launch the ESCAPADE science mission atop New Glenn in February 2023.&nbsp;Amazon.com&nbsp;is also looking to deploy its Project Kuiper satellite constellation, aimed at providing low-latency broadband internet connectivity, with multiple launches on the New Glenn vehicle.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40849409/former-top-gear-host-james-may-thinks-a-vehicle-the-size-of-a-fiat-panda-but-styled-like-tesla-cyber" target="_blank" rel="noreferrer noopener">Former Top Gear Host James May Thinks A Vehicle The Size Of A Fiat Panda But Styled Like Tesla Cybertruck Might Look ‘Fantastic'</a></li>
</ul>
Image via Flickr/ NASA Kennedy

SPACE

Jeff Bezos' Blue Origin Names New Glenn-1's First Booster 'So You're Telling Me There's A Chance:' Here's Why

The<a href="https://www.benzinga.com/markets/equities/24/09/40825716/boeing-aircraft-production-faces-potential-disruption-as-33k-workers-vote-on-strike"> ongoing strike at aircraft manufacturer</a> Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) may last long, as workers demand higher wages and improved pension plans, International Association of Machinists and Aerospace Workers (IAM) union leader Jon Holden reportedly said in a recent interview.
What Happened: More than 30,000 aircraft assembly workers walked off the job early Friday morning after a majority <a href="https://www.benzinga.com/news/24/09/40853982/boeings-stock-falls-as-33-000-aircraft-assembly-workers-strike" target="_blank" rel="noreferrer noopener">rejected a contract</a> offer presented by Boeing that would have boosted wages by 25% over four years. The striking machinists produce the 737 Max, Boeing&#8217;s top-selling airliner, the 777 jet, and the 767 cargo plane.
&#8220;I know that our members are confident. They&#8217;re standing shoulder to shoulder and they&#8217;re ready. So it (the strike) could go on for a while,&#8221; IAM President Holden said in an interview with National Public Radio (NPR)&nbsp;on Saturday, as reported by Reuters. 
Boeing and union representatives are scheduled to resume talks next week, under the guidance of U.S. federal mediators. 
Holden underscored that his members&#8217; priorities include a larger wage increase and the reinstatement of a defined-benefit pension scheme. &#8220;We have the most leverage and the most power at the most opportune time that we&#8217;ve ever had in our history, and our members are expecting us to use it,&#8221; Holden stated, as reported by Reuters.
Why It Matters: The initial deal included a 25% wage increase and enhancements to health care and retirement benefits. However, the union had aimed for approximately 40% raises, arguing that the offer did not adequately address the rising cost of living.
Boeing&#8217;s stock fell 3.7% on Friday to $156.77, and has dropped almost 40% this year-to-date, according to data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro.</a>
A prolonged strike could further strain Boeing&#8217;s finances, which are already burdened by a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40860003/boeing-may-need-to-offer-additional-concessions-to-end-strike-despite-multi-billion">$60 billion debt pile.</a> 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40849409/former-top-gear-host-james-may-thinks-a-vehicle-the-size-of-a-fiat-panda-but-styled-like-tesla-cyber" target="_blank" rel="noreferrer noopener">Former Top Gear Host James May Thinks A Vehicle The Size Of A Fiat Panda But Styled Like Tesla Cybertruck Might Look ‘Fantastic'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image Courtesy Boeing

Media

Over 30,000 Boeing Workers Are 'Standing Shoulder To Shoulder,' Union Leader Says 'Strike Could Go On For A While'

In a recent video promoting her <a href="https://www.benzinga.com/markets/equities/24/07/39999476/melania-trumps-new-memoir-promises-unseen-photos-and-revelations-before-election">upcoming memoir</a>, Former First Lady Melania Trump on Saturday alleged that the Federal Bureau of Investigation (FBI) invaded her privacy during a <a href="https://www.benzinga.com/news/24/05/38979241/trump-says-biden-was-locked-and-loaded-ready-to-take-me-out-during-fbi-mar-a-lago-raid" target="_blank" rel="noreferrer noopener">raid on her Florida residence</a> in August 2022.
What Happened: In the video, posted on X, Melania Trump speaks out about the FBI&#8217;s actions at Mar-a-Lago, the Trumps&#8217; Florida estate, in <a href="https://www.benzinga.com/news/23/03/31150667/trump-handled-by-fbi-with-kid-gloves-says-former-agent-as-report-of-mar-a-lago-raid-squabbles-unrave">relation to classified documents.</a> She expresses her shock at the invasion of her privacy and emphasizes that her experience should serve as a warning to all Americans, reminding them of the importance of respecting their freedom and rights.
&#8220;I never imagined my privacy would be invaded by the government here in America,&#8221; Melania said. 
&#8220;The FBI raided my home in Florida and searched through my personal belongings. This is not just my story, it serves as a warning to all Americans, a reminder that our freedom and rights must be respected.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/ZCTwZSqZND">https://t.co/ZCTwZSqZND</a> <a href="https://t.co/RxGQPFGZP3">pic.twitter.com/RxGQPFGZP3</a>
&mdash; MELANIA TRUMP (@MELANIATRUMP) <a href="https://twitter.com/MELANIATRUMP/status/1834937662207103146?ref_src=twsrc%5Etfw">September 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The issue regarding classified documents at Mar-a-Lago emerged after Donald Trump's departure from the presidency in January 2021. The National Archives and Records Administration (NARA) revealed that it had received <a href="https://www.benzinga.com/news/22/09/28769679/trumps-mar-a-lago-seizure-yielded-highly-classified-nuclear-secrets-wapo">certain presidential records from Trump,</a> with evidence of tampering found among them. This discovery triggered an investigation by the House Committee on Oversight and Reform.
The situation intensified, prompting the involvement of the Department of Justice (DOJ). In April 2022, the FBI conducted interviews with several of Trump&#8217;s former aides concerning his management of classified documents. By June, DOJ investigators had met with Trump&#8217;s attorneys and issued a grand jury subpoena for <a href="https://www.benzinga.com/news/23/05/32588321/trumps-staff-reportedly-moved-boxes-of-papers-a-day-before-fbi-came-knocking-on-mar-a-lagos-doors">any remaining documents </a>located at Mar-a-Lago.
The situation culminated on August 8, 2022, when FBI agents executed a search warrant at Mar-a-Lago. This operation led to the <a href="https://www.benzinga.com/news/24/05/38954770/more-classified-documents-reportedly-recovered-from-trumps-mar-a-lago-bedroom-judge-expresses-disbel">recovery of around 11,000 documents</a>, including more than 100 classified items and at least 18 designated as &#8220;top secret.&#8221; 
The former president faced <a href="https://www.benzinga.com/news/23/06/32789978/donald-trump-becomes-first-president-in-history-to-face-federal-charges">40 federal charges</a> related to his alleged mishandling of the seized materials and obstructing efforts by federal authorities to retrieve them.
Melania&#8217;s recent comments reflect concerns previously expressed by the former president regarding the FBI&#8217;s actions. In a Newsmax interview, he described the &#8220;terrible&#8221; impact of the search on his wife, alleging that federal agents conducted a &#8220;deep and ugly search&#8221; of their 16-year-old son Barron&#8217;s room. He claimed that they left &#8220;everything they touched in far different conditions than it was when they started&#8221; during a rally in 2022.
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 Evan El-Amin on Shutterstock.

'FBI Raided My Home…:' Melania Trump Slams FBI For Invading Her Privacy While Searching For 'Top Secret' Documents At Donald Trump's Mar-A-Lago Residence

Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) <a href="https://www.benzinga.com/markets/equities/24/09/40848692/warren-buffetts-top-executive-ajit-jain-sells-over-half-his-berkshire-hathaway-stake-for-139m-am">executives have recently made significant sales</a> of the company&#8217;s stock, raising questions about the market&#8217;s valuation. The sales, which come amid a historic market cap milestone, could indicate a shift in the company&#8217;s outlook.
What Happened: On Monday, it was revealed that Ajit Jain, the insurance chief at Berkshire Hathaway for nearly four decades, sold over half of his Berkshire stake, amounting to $139 million. This marked Jain&#8217;s largest stock sale since joining the company in 1986. 
These sales, which occurred as Berkshire&#8217;s Class A stock closed above $700,000 for the first time and the company reached a $1 trillion market cap, have led some to speculate that Jain may be signaling that Berkshire shares are no longer undervalued.
See Also: <a href="https://www.benzinga.com/news/earnings/24/09/40811837/how-to-earn-500-a-month-from-nvidia-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock</a>
According to Steve Check, founder of Check Capital Management, &#8220;I think Ajit sold because the stock was fully pricing the business,&#8221; <a href="https://www.cnbc.com/2024/09/14/stock-sales-from-tight-lipped-berkshire-hathaway-executives-say-a-lot.html">reported</a> CNBC.
This view is further supported by Berkshire&#8217;s minimal buyback activity, which suggests that even Warren Buffett may share Jain&#8217;s perspective on valuations. Earlier this year, the legendary investor also urged caution, noting that his vast empire may only slightly outperform the average American company due to its size and limited impactful investment opportunities. &#8220;With our present mix of businesses, Berkshire should do a bit better than the average American corporation and, more important, should also operate with materially less risk of permanent loss of capital," Buffett stated in his annual letter.
Buffett has also been reducing his stakes in some of his favorite stocks, including Bank of America and Apple. This trend, along with the overall sales of stocks by Berkshire, could indicate a bearish sentiment on the market and valuations.
Why It Matters: These developments also come in the wake of <a href="https://www.benzinga.com/markets/equities/24/09/40848034/warren-buffett-13b-bet-on-occidental-petroleum-turns-sour-as-shares-plunge-29-since-mid-april-an">Buffett&#8217;s $13 billion bet on Occidental Petroleum</a> turning sour, with shares plummeting 29% since mid-April. This has led to speculation that Buffett might buy more shares, although he is unlikely to take over the company.
<a href="https://www.benzinga.com/news/24/09/40805571/bank-of-america-ceo-on-buffetts-share-retreat-i-dont-know-what-exactly-he-is-doing-we-cant-ask" target="_blank" rel="noreferrer noopener">Buffett has also been reducing his stake</a> in Bank of America, selling nearly $7 billion worth of shares since mid-July. This has raised questions about his investment strategy, with Bank of America CEO Brian Moynihan stating, "I don't know what exactly he is doing because frankly we can't ask."
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40808758/bitcoin-bull-mike-novogratz-on-trump-harris-debate-she-smoked-him-max-keiser-says-everybod?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Bull Mike Novogratz On Trump-Harris Debate: ‘She Smoked Him' — Max Keiser Says ‘Everybody Knows The War Is Over'</a></li>
</ul>
Image via Shutterstock

Equities

Markets

Expert Says Warren Buffett's Top Executive Ajit Jain Sold Berkshire Hathaway Stake Because 'The Stock Was Fully Pricing The Business'

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has made its 100 millionth <a href="https://www.benzinga.com/news/24/06/39201268/giga-texas-fires-up-tesla-pumps-out-50-millionth-4680-battery-cell-for-cybertrucks">4680 cell to be used inside its Cybertruck vehicle</a>, the company said on Saturday.
What Happened: The company announced the milestone on the social media platform X.
&#8220;Produced our 100 millionth 4680 cell across all our factories!,&#8221; the company wrote, with an adjoining image of a Tesla-made humanoid robot holding up the landmark 100 millionth cell.
Elon Musk responded to the post, saying, &#8220;Congratulations Tesla cell team!&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congratulations Tesla cell team! <a href="https://t.co/oK4WaeWZ6p">https://t.co/oK4WaeWZ6p</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1835124037934367098?ref_src=twsrc%5Etfw">September 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
A Cybertruck is estimated to have about 1,360 individual 4680 cells in its battery. This implies that the company has now made enough cells for over 73,500 Cybertruck units. 
Why It Matters: The Cybertruck is the latest offering from Tesla. The company started delivering the vehicle to customers in the U.S. in November. 
According to Kelley Blue Book estimates, Tesla sold 8,755 Cybertrucks in the second quarter in the U.S., and<a href="https://www.benzinga.com/news/24/05/38783121/tesla-cybertrucks-are-filling-up-in-used-car-markets-but-would-you-pay-these-steep-prices" target="_blank" rel="noreferrer noopener"> 2,803 in the first quarter</a>. 
The company is currently attempting to ramp up production with the aim of delivering 250,000 units annually starting in 2025.&nbsp;Tesla eventually intends to make the stainless steel truck a common sight on American roads.
Presently, the 4680 cells being manufactured by the company for the Cybertruck have cathodes manufactured using a more conventional "wet" process involving the use of a toxic solvent. 
Tesla started testing its prototype Cybertruck produced with in-house "dry" cathode 4680 cells in July. Once it goes into production, the use of in-house dry cathode 4680 cells would enable major cost reduction, the company said during the company's second-quarter earnings call in July. 
Cybertruck&nbsp;<a href="https://www.benzinga.com/news/24/07/39876213/tesla-confirms-it-aims-to-start-selling-cybertruck-in-canada-this-year-pre-orders-open-for-150" target="_blank" rel="noreferrer noopener">production is on track</a>&nbsp;to achieve profitability by the end of the year, the company then added. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40849409/former-top-gear-host-james-may-thinks-a-vehicle-the-size-of-a-fiat-panda-but-styled-like-tesla-cyber">Former Top Gear Host James May Thinks A Vehicle The Size Of A Fiat Panda But Styled Like Tesla Cybertruck Might Look &#8216;Fantastic&#8217;</a></li>
</ul>
Image: Courtesy of Tesla

TSLA

Elon Musk Reacts As Tesla Makes 100 Millionth 4680 Cells, Enough To Produce Over 73,500 Cybertrucks

Donald Trump‘s niece, psychologist Mary Trump, recently criticized her uncle for his unchanging leadership <a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy">style and temperament</a>.
What Happened: In a post on X, Mary Trump expressed her views on Donald Trump&#8217;s leadership style. She described him as an &#8220;unchanged, thin-skinned bully,&#8221; adding that this makes him dangerous. 
<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">Real leaders evolve. Donald remains an unchanged, thin-skinned bully—and that&#39;s what makes him dangerous. Thank you <a href="https://twitter.com/andersoncooper?ref_src=twsrc%5Etfw">@andersoncooper</a> for discussing this issue and Who Could Ever Love You. <a href="https://t.co/muRPm7PSkP">pic.twitter.com/muRPm7PSkP</a>
&mdash; Mary L Trump (@MaryLTrump) <a href="https://twitter.com/MaryLTrump/status/1834341074707644803?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In the interview <a href="https://www.youtube.com/watch?v=MLGrSrKFskc">with</a> CNN, Mary Trump commended Kamala Harris for what she described as a strategic emotional blow to her uncle during the opening moments of the presidential debate on Tuesday. Speaking with CNN&#8217;s Anderson Cooper, Mary Trump explained that Harris&#8217;s approach effectively unsettled the former president, leading him to unravel in front of viewers.
&#8220;He just couldn&#8217;t regain his composure, and frankly, I don't think he will,&#8221; she remarked.
Mary Trump went on to praise Harris for delivering clear, informative responses that gave the public a better understanding of her vision for the country, while also expertly targeting Trump&#8217;s weak points.
Also Read: <a href="https://www.benzinga.com/news/24/08/40429962/mary-trump-donalds-narcissistic-injury-is-so-great-that-he-has-essentially-stopped-campaigning">Mary Trump: &#8216;Donald&#8217;s Narcissistic Injury Is So Great That He Has Essentially Stopped Campaigning&#8217;</a>
During the interview, the CNN anchor read an excerpt from Mary Trump&#8217;s book Who Could Ever Love You, where she described her uncle&#8217;s childhood behavior as that of &#8220;a thin-skinned bully who tormented younger kids but would retreat in anger when confronted.&#8221;
"That is one of the most damning and dangerous things about Donald Trump and that is one of the things that makes him most unfit. He's never evolved from that. That's still who he is," Mary Trump said.
Why It Matters: Mary Trump, a clinical psychologist, has been vocal about her criticisms of her uncle&#8217;s leadership style. Her book, &#8220;Too Much and Never Enough: How My Family Created the World&#8217;s Most Dangerous Man,&#8221; delves into the Trump family dynamics and Donald Trump&#8217;s upbringing, which she believes shaped his leadership style.
Her latest tweet continues this narrative, suggesting that Donald Trump&#8217;s leadership style has not evolved and remains a cause for concern.
Read Next:
<a href="https://www.benzinga.com/news/24/07/39761289/trumps-niece-accuses-him-of-lying-about-involvement-in-controversial-project-2025-my-uncle-likes-to" target="_blank" rel="noreferrer noopener">Trump's Niece Accuses Him Of Lying About Involvement In Controversial Project 2025: ‘My Uncle Likes To Call America a ‘Stupid Country.' But We're Not Nearly As Stupid As He Hopes We Are …</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.

Mary Trump Says 'Donald Trump Remains Thin-Skinned Bully And That's What Makes Him Dangerous'

On Friday, the Nebraska Supreme Court decided that dueling initiatives to expand or restrict abortion rights <a href="https://www.benzinga.com/topic/abortion" target="_blank" rel="noreferrer noopener">will be included on the November ballot</a>. This decision followed recent hearings in which three separate lawsuits aimed to prevent either or both of the abortion measures from appearing on the ballot, <a href="https://thehill.com/policy/healthcare/ap-nebraska-ballot-can-include-competing-measures-to-expand-or-limit-abortion-rights-high-court-rules/">reported</a> The Hill.
Voters in the Cornhusker State will decide on a ballot measure proposing to enshrine the right to abortion up to fetal viability in the state constitution. Conversely, another measure aims to cement the state&#8217;s existing 12-week abortion ban into law.
Organizers for both proposals collected over 200,000 signatures each, surpassing the 123,000 valid signatures required to qualify for the ballot, the Hill added. For the first time since the U.S. Supreme Court&#8217;s 2022 reversal of Roe v. Wade, Nebraska will feature competing abortion amendments on the same ballot.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40864360/pope-francis-criticizes-both-trump-and-kamala-harris-for-supporting-abortion-urges-catholics-to-vote" rel="noreferrer noopener">Pope Francis Criticizes Both Trump And Kamala Harris For Supporting Abortion, Urges Catholics To Vote For &#8216;Lesser Evil&#8217;</a>
Meanwhile, nine other states will also address abortion issues on their ballots this year, including Arizona, Colorado, Florida, Maryland, Missouri, Montana, Nevada, and South Dakota, where measures to protect access are also set to appear.
The latest development follows two initiatives, the&nbsp;Nebraska Medical Cannabis Patient Protection Initiative and the&nbsp;Nebraska Medical Cannabis Regulation Initiative, which have both surpassed the required 87,126 valid signatures to be considered for the November 2024 ballot.
The&nbsp;<a href="https://www.benzinga.com/topic/nebraska" target="_blank" rel="noreferrer noopener">Nebraska</a>&nbsp;Secretary of State&#8217;s office&nbsp;<a href="https://sos.nebraska.gov/sites/default/files/doc/news-releases/Secretary%20of%20State%20provides%20update%20on%20remaining%20petitions_0.pdf" target="_blank" rel="noreferrer noopener">confirmed</a>&nbsp;the&nbsp;89,000&nbsp;petitions have valid signatures&nbsp;and that officials are &#8220;nearing the end of the verification process by county election offices,&#8221; bringing them close to certification.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40665093/medical-marijuana-will-be-on-the-november-ballot-in-nebraska-officials-confirm" target="_blank" rel="noreferrer noopener">Medical Marijuana Will Be On The November Ballot In Nebraska, Officials Confirm</a></li>
</ul>
Image: Wikimedia Commons

Nebraska Supreme Court Greenlights Competing Abortion Measures For November Ballot

In a volatile cannabis market driven by regulatory uncertainty and the upcoming U.S. elections, New Lake Capital Partners (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NLCP#OTC">NLCP</a>) stands out as a stable option for investors seeking consistent returns.&nbsp;
With its cannabis-focused real estate portfolio, NLCP offers strong dividend yields and steady rental income growth, making it an attractive choice amid market turbulence. 
According to <a href="https://www.benzinga.com/topic/pablo-zuanic#google_vignette">Pablo Zuanic </a>of Zuanic &amp; Associates, NLCP's financial performance and dividend yield make it a potentially attractive option for investors navigating the volatile cannabis sector.
Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.
<h3 class="wp-block-heading">Rental Income Growth And AFFO Strength</h3>
NLCP&#8217;s rental income for the first half of 2024 increased by 10% year-over-year, reaching $12.2 million, noted Zuanic. The company's net real estate portfolio (NREP) grew by 2.4% since the end of 2023, bringing its total portfolio yield to an annualized 12.7%. 
This is slightly behind its peer, Innovative Industrial Properties (IIPR), which posted a 14.6% yield on its portfolio after a 5% growth since year-end 2022. Despite the slower growth, NLCP's Adjusted Funds from Operations (AFFO) rose by 17% year-over-year in Q2 2024, compared to a modest 1% increase for Innovative Industrial Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIPR#NYSE">IIPR</a>).
<h3 class="wp-block-heading">Dividend Security And Yield Comparison</h3>
NLCP's quarterly dividend of $0.43 per share provides an 8.7% yield, significantly higher than IIPR's 5.9% yield and 500 basis points above the U.S. 10-year Treasury rate.&nbsp;
Zuanic's projections estimate an AFFO per share of $2.10 for 2024, translating to a price-to-AFFO ratio of 9.4x, compared to 14.1x for IIPR, indicating a potential value for NLCP investors.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40607517/delivering-returns-as-the-cannabis-market-tanks-what-wall-st-wont-tell-you-about-ch">Delivering Returns As The Cannabis Market Tanks: What Wall St Won&#8217;t Tell You About Chicago Atlantic Real Estate&#8217;s Growth</a>
<h3 class="wp-block-heading">Portfolio Risks</h3>
Although NLCP's portfolio is fully rented, certain risks remain. Zuanic reports that Revolutionary Clinics, a tenant accounting for 10% of NLCP's rental income, missed 50% of its June and July 2024 rent payments. The company is negotiating with the tenant to resolve the issue, possibly through rent deferrals or other concessions. Additionally, five operators account for 62% of NLCP's rental income, with Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) representing 22%. 
By comparison, IIPR's top five tenants contribute 48% of its rental revenue, highlighting potential concentration risks in both companies.
<h3 class="wp-block-heading">Debt Leverage Among REITS</h3>
Within the cannabis real estate investment trust (REIT) sector, mortgage REITs like Chicago Atlantic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFI#NASDAQ">REFI</a>) and AFCG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFCG#NASDAQ">AFCG</a>) have experienced different growth rates. REFI&#8217;s loan book grew by 22% year-over-year in Q2 2024, while AFCG saw some notable exits during the quarter, resulting in a smaller loan book. 
Despite these differences, NLCP maintains a conservative debt strategy, with only $7.6 million drawn from its $90 million credit facility, representing 1.9% of equity. In contrast, IIPR carries $297 million in debt, or 15% of its equity, but boasts a 17x debt service coverage ratio, signaling a strong ability to meet its obligations.
<h3 class="wp-block-heading">Valuation And Outlook</h3>
While NLCP currently trades near its book value of $19.54 at $19.76 per share, IIPR trades at 1.82 times its book value, reflecting a premium tied to its perceived growth potential.&nbsp;
Although NLCP lacks a listing on a major U.S. exchange, Zuanic's report suggests the company could achieve a premium valuation if the cannabis industry's growth continues, particularly given its solid dividend yield and strong AFFO performance.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40834708/new-laws-could-unleash-1-7b-demand-for-cannabis-loans-this-real-estate-stock-is-set">New Laws Could Unleash $1.7B Demand For Cannabis Loans, This Real Estate Stock Is Set To Capitalize</a>

Analyst Color

Cannabis

REIT

Small Cap Analysis

Small Cap

Analyst Ratings

Trading Ideas

Real Estate

 IIPR

AFCG

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

IIPR

NLCP

REFI

$12M In Rental Income: Why Investors Should Watch This Stock That's Crushing Averages

According to a report, leading tech companies are shelling out millions each year to safeguard their CEOs, with some companies <a href="https://www.benzinga.com/news/24/08/40667286/trump-warns-zuckerberg-in-latest-book-says-he-could-be-in-prison-for-the-rest-of-his-life-we-are-wat">paying more than others</a>.
What Happened: Security costs for top executives can be among the most expensive perks, including home monitoring, personal bodyguards, and security consulting, according to a report <a href="https://fortune.com/2024/09/14/tech-billionaire-ceos-security-costs-meta-tesla-apple-nvidia-google/">by</a> Fortune.
Bill Herzog, CEO of LionHeart Security Services, stressed the necessity of investing in the protection of high-profile CEOs, considering the potential risks they face.
LionHeart Security Services charges $60 per hour or more for security services, which could result in an annual bill of over $1 million for two guards.
"When you're talking about somebody who's worth millions of dollars or billions of dollars, and they are in charge of an entire company, there is a real possibility of kidnapping, there's a real possibility of extortion, there's a real possibility of attempts on their lives," Herzog told the outlet.&nbsp;
Also Read: <a href="https://www.benzinga.com/news/24/07/39999229/dont-look-now-but-zuckerbergs-threads-is-picking-up-steam">Don&#8217;t Look Now, But Zuckerberg&#8217;s Threads Is Picking Up Steam</a>
Meta leads the pack, having spent $23.4 million in 2023 on personal security for CEO Mark Zuckerberg. This includes $9.4 million in direct security costs and a $14 million pre-tax allowance for additional security-related expenses.
Alphabet Inc. spent $6.8 million on personal security for CEO Sundar Pichai in 2023, while Tesla Inc. paid $2.4 million for Elon Musk&#8216;s security services.
Other tech giants, such as Nvidia Corporation and Apple Inc., also invest significantly in their CEOs&#8217; security, spending $2.2 million and $820,309 respectively in 2023.
Why It Matters: The security of top executives has become a significant expense for tech companies. The rising costs reflect the increasing threats faced by these high-profile individuals. 
The significant investment in security measures is a testament to the importance these companies place on the safety of their leaders. It also underscores the potential risks associated with leading a major tech company in today&#8217;s world. 
The substantial costs incurred for security services highlight the lengths to which companies are willing to go to ensure the safety and well-being of their top executives.
Read Next
&nbsp;<a href="https://www.benzinga.com/news/23/03/31129297/zuckerbergs-life-changing-advice-to-young-people" target="_blank" rel="noreferrer noopener">Zuckerberg's Life-Changing Advice To Young People</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.

AAPL

GOOGL

NVDA

Big Tech's Security Spending Spree: Zuckerberg Leads In Lavish Security Measures

Green Goddess Revival, a medical marijuana dispensary in Denton Texas, was the target of a law enforcement raid on Thursday in which $10,000 in products were seized, business owners said. A warrant to search stated it was targeting noncompliant THC products. Denton is among several Texas towns that <a href="https://www.benzinga.com/markets/cannabis/24/08/40421781/dallas-voters-to-vote-on-marijuana-decriminalization-this-november">will vote this November</a> to approve adult-use cannabis.
Photos posted on social media depicted Denton County Sheriff&#8217;s Office personnel, one of whom was wearing a U.S. Marshals Service Joint East Texas Fugitive Task Force vest.
"It is absurd to see US Marshalls Fugitive Task Force raiding a hemp shop in Denton, Texas in 2024," wrote the Texas Cannabis Collective on X.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It is absurd to see US Marshalls Fugitive Task Force raiding a hemp shop in Denton, Texas in 2024 <a href="https://t.co/XPMrZ6mvhR">pic.twitter.com/XPMrZ6mvhR</a>
&mdash; Texas Cannabis Collective (@txcannaco) <a href="https://twitter.com/txcannaco/status/1834818337274028191?ref_src=twsrc%5Etfw">September 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"People literally come in everyday almost in years because we provide them with medicine that gives them their life back. We&#8217;re a local shop that gives product to people for almost nothing if needed and has supported the community for years," continued the Cannabis Collective. Texas approved a limited medical marijuana program in 2015. 
Read Also:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/05/39041635/73-of-texans-support-full-cannabis-legalization-or-decriminalization-including-plurality-of-repu" target="_blank" rel="noreferrer noopener">73% Of Texans Support Full Cannabis Legalization Or Decriminalization, Including Plurality Of Republicans, Poll Finds</a>
What Happened: Store manager Jack Howell <a href="https://dentonrc.com/news/denton/officers-seize-10-000-in-products-from-denton-dispensary-store-says/article_d65936b4-71fa-11ef-8c02-4b1cbcabad6f.html">told</a> the Denton Record-Chronicle Friday that the officers told him they'd received a complaint about someone smoking weed outside the shop. Howell questioned the legitimacy of the officers' statement, saying that a now-former employee was smoking a joint outside the shop when plainclothes officers approached her and asked to search the shop. She said no and was arrested on an unrelated outstanding warrant. 
<h2 class="wp-block-heading">License And Paperwork All In Order</h2>
Howell said the Green Goddess Revival's paperwork was in order to prove that products contained less than 0.3% of THC, which is permissible in Texas and meets the standards for medical marijuana. 
An officer of the Eastern District of Texas denied that an officer in the photo was a member of the federal task force but was not operating in that capacity when they raided the legal medical marijuana shop.
<h2 class="wp-block-heading">Then There&#8217;s Texas AG Ken Paxton</h2>
Meanwhile, Texas Attorney General Ken Paxton launched <a href="https://www.benzinga.com/markets/cannabis/24/01/36880984/gop-attor-ney-gen-er-al-in-texas-sues-five-cities-to-stop-voter-approved-mar-i-jua-na-reform-say" target="_blank" rel="noreferrer noopener">lawsuits over voter-approved</a> marijuana decriminalization initiatives underway in five Texas towns, some of which <a href="https://www.benzinga.com/markets/cannabis/24/07/39946113/gop-attor-ney-gen-er-al-in-texas-loses-legal-battle-against-towns-with-decriminalized-cannabis-i">have been thrown out</a> by judges. Denton, population 150,000, is among those towns. Paxton argues that these local initiatives violate state law are unconstitutional and that the five mostly small cities are being run by &#8220;criminal extremists.&#8221; 
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40860858/cannabis-use-is-up-among-older-adults-for-wellbeing-health-purposes-poll">Cannabis Use Is Up Among Older Adults For Wellbeing, Health Purposes: Poll</a></li>
</ul>
Photo: Texas Cannabis Collective

Government

Federal Marshals Raid Legal Medical Marijuana Shop In Texas: Why The Big Guns? Advocates Say 'It's Absurd'

Despite <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w">nationwide polls pointing to a slight edge</a> for Kamala Harris in the presidential race, prominent polling data analyst Nate Silver said this week that it is still Donald Trump&#8216;s election to lose.
New-Less Cycle Favors Trump: Google Search interest in Trump has gone down by two to three times relative to past elections, and as a consequence, the numbers for Democrats have gone up, <a href="https://www.natesilver.net/p/this-was-trumps-election-to-lose">said</a> Silver in his latest Substack post. That said, the fact that Harris&#8217; Democratic National Convention bounce quickly evaporated may have been due to the gravity of the election favoring Trump, he said.
&#8220;In news-less periods, he tends to become the favorite,&#8221; said Silver, who founded FiveThirtyEight but is now no longer associated with the polling analytics website.
This, according to the pollster, has implication for Harris&#8217; strategy. If Trump tends to pull ahead when people aren't actively thinking about politics, she might want to more proactively drive the news cycle, he said. Trump was part of the past two elections, and both elections were closely fought, coming down to a few tens of thousands of votes in the electoral college, he noted.
See Also: <a href="https://www.benzinga.com/news/24/09/40864586/kamala-harris-vows-to-scrap-unnecessary-degree-requirements-for-some-federal-jobs-if-she-wins-as-pre">Kamala Harris Vows To Scrap &#8216;Unnecessary&#8217; Degree Requirements For Some Federal Jobs If She Wins: &#8216;As President, I Will…&#8217;</a>
Why Trump&#8217;s Still Favorite: &#8220;Underlying circumstances of the race are favorable for Trump than in 2016 or 2020,&#8221; said Silver, adding that he would be a &#8220;clear favorite&#8221; if he were running a perfect campaign. The ex-president, however, wasn&#8217;t, he said. Once the post-debate polls are fully accounted for, the tally will get back to roughly 50-50, he added. 
In a previous post, Silver <a href="https://www.benzinga.com/news/24/09/40852078/trump-vs-harris-latest-poll-hands-vice-president-5-point-lead-but-heres-why-vetran-pollster-nate-sil#google_vignette">cautioned against reading too much into the data received so far,</a> given it would take several days to conduct a traditional poll.
The polling veteran based his expectations for an even contest on a few factors, namely:
<ul>
<li>Electoral College: Trump is currently 2.5 points ahead of Harris in terms of electoral college votes, according to Silver&#8217;s forecast model. On a map that gives rural white voters more influence, Trump&#8217;s populist coalition outperforms and on that same count, Harris and other Democrats are running uphill, Silver said.</li>
<li>Economy: Silver made note of his proprietary Silver Bulletin economic index, which showed that the real disposable personal &#8211; the income left after paying taxes, has been flat during President Joe Biden&#8217;s tenure. This metric has been historically one of the best predictors of election outcomes, he said. There is more producer surplus&nbsp;than ever, while consumers are squeezed and prices are about 20% higher than when Biden assumed office, he noted. </li>
<li>Anti-incumbent mood: Globally, incumbent parties suffered setbacks in elections held in 2024, with Tories suffering one of their worst defeats in the U.K. and Indian Prime Minister Narendra Modi ceding a significant number of seats, he noted. That said, Harris&#8217; campaign has been trying to frame Trump as the incumbent despite her party running the White House for three-and-a-half years, he said.</li>
<li>Harris&#8217; Far Left Track Record: The two pushbacks Harris faced when she entered the fray as a replacement for Biden on the Democratic ticket was the perception that she is not a natural politician and that she has &#8220;veered far to the left of the median voter, especially in her 2019 campaign.&#8221; &#8220;While she's overcome doubts about the former concern, the latter&nbsp;could still be an issue,&#8221; Silver said.</li>
<li>Failed Attempt on Trump&#8217;s Life: Following the shooting at a campaign rally in Pennsylvania, Trump&#8217;s favorability ratings improved to the highest they have been in years, Silver said. However, the polling veteran said Trump squandered the opportunity with a &#8220;meandering convention speech a few days later.&#8221; This is &#8220;one of a&nbsp;number of major mistakes he and his campaign have made, from their&nbsp;selection of Sen. JD Vance (R-Ohio)&nbsp;to their lack of prep work for this week's debate,&#8221; he added.</li>
</ul>
&#8220;Trump is still in reasonably good shape for all the reasons I mentioned above, and I don't think the Harris campaign is entirely bluffing when it&nbsp;calls itself the underdog,&#8221; said Silver.
&#8220;But if the coin comes up tails and Trump loses, he'll have let the election slip out of his grasp.&#8221;
Did You Know?
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb417703c-4405-4b25-af44-6f84a783ed52_1600x988.png" target="_blank" rel="noreferrer noopener"></a>

Nate Silver: If Trump Loses, He Will Have Let Election 'Slip Out Of His Grasp' As Underlying Factors Favor Him Despite Harris' Poll Lead

Laura Loomer, a known far-right conspiracy theorist, has recently joined Donald Trump on the campaign trail, prompting concerns — even among some Republicans — <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w" target="_blank" rel="noreferrer noopener">about her potential influence on him</a>.
Loomer made derogatory remarks about Kamala Harris&#8217; Indian heritage on X, suggesting that if Harris won, the White House would &#8220;smell like curry&#8221; and &#8220;White House speeches will be facilitated via a call center,&#8221; <a target="_blank" href="https://www.politico.com/news/2024/09/13/donald-trump-laura-loomer-free-spirit-00179169" rel="noreferrer noopener">reported</a> Politico.
The post has since been deleted for violating X&#8217;s policies.
Republicans Against Loomer?
The BBC <a target="_blank" href="https://www.bbc.com/news/articles/cly8y27dwgpo" rel="noreferrer noopener">reported</a> that several high-ranking Republican figures have publicly condemned Loomer and warned Trump against including her in his close circles.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40859480/donald-trumps-media-company-stock-is-down-12-this-week-whats-going-on" rel="noreferrer noopener">Donald Trump&#8217;s Media Company Stock Is Down 12% This Week: What&#8217;s Going On?</a>
Rep. Marjorie Taylor Greene (R-Ga.) promptly took to X, formerly Twitter, to denounce Loomer for the &#8220;racist&#8221; <a href="https://x.com/mtgreenee/status/1834006729966723558?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1834006729966723558%7Ctwgr%5E33c381aac33d8ce24fe960babc491934566702e0%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.hindustantimes.com%2Fworld-news%2Fus-news%2Flaura-loomer-under-fire-for-extremely-racist-post-about-kamala-harris-indian-heritage-this-is-appalling-101726119245796.html" target="_blank" rel="noreferrer noopener">post</a>. &#8220;This does not represent President Trump. This type of behavior should not be tolerated ever,&#8221; Greene posted.
Sen. Thom Tillis (R-N.C.) <a href="https://x.com/ThomTillis/status/1834608581330505890" target="_blank" rel="noreferrer noopener">wrote</a> on X, &#8220;Laura Loomer is a crazy conspiracy theorist who regularly utters disgusting garbage intended to divide Republicans. A DNC plant couldn&#8217;t do a better job than she is doing to hurt President Trump&#8217;s chances of winning re-election.&#8221;
In an <a href="https://www.washingtonpost.com/politics/2024/09/12/trump-presidential-campaign-laura-loomer/" target="_blank" rel="noreferrer noopener">interview</a> with The Washington Post on Thursday, Sen. Lindsey Graham (R-S.C.) said statements by Loomer are disturbing. &#8220;I hope this problem gets resolved, Graham told The Post.
Trump Downplays Loomer&#8217;s Controversy?
During a press conference in Rancho Palos Verdes, California, on Friday, Trump stated that he was unaware of Loomer&#8217;s controversial comments when questioned about her.
In fact, Trump described Loomer as a &#8220;free spirit&#8221; with strong opinions on Friday, following criticism from Republicans over her promotion of conspiracy theories and a recent offensive social media post regarding Kamala Harris&#8217;s race.
However, later on Friday, Trump conveyed his disagreement with Loomer&#8217;s comments in a Truth Social post, clarifying that she is a private citizen and not affiliated with his campaign, noted Politico.
In 2020, Loomer ran for the U.S. House of Representatives in Florida with Trump&#8217;s backing but was easily defeated by Rep. Lois Frankel (D-Fla.), BBC noted.
Two years later, she made another attempt to enter Congress by running in primary against Rep. Daniel Webster (R-Fla.) in a different district, but was unsuccessful.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40866458/billionaire-ray-dalio-warns-potential-election-chaos-likely-if-loser-particularly-trump-rejects-outc" target="_blank" rel="noreferrer noopener">Billionaire Ray Dalio Warns Potential Election Chaos Likely If Loser, Particularly Trump, Rejects Outcome &#8211; &#8216;My Great Fear Is for Democracy&#8217;</a></li>
</ul>
Photo: Wikimedia Commons

Laura Loomer Faces Republican Wrath Over Racist Posts - Is Donald Trump Defending Her?

President Biden <a href="https://www.benzinga.com/topic/united-kingdom">welcomed British Prime Minister Keir Starmer</a> to the White House on Friday afternoon.
After showing Starmer around the Rose Garden, they proceeded to the Blue Room, <a href="https://www.bbc.com/news/articles/cp3w5449x9zo" target="_blank" rel="noreferrer noopener">reported</a> the BBC.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40761900/keir-starmer-to-meet-biden-at-white-house-amid-talks-on-global-issues-and-uk-eu-relations" rel="noreferrer noopener">Keir Starmer To Meet Biden at White House Amid Talks on Global Issues And UK-EU Relations</a>
There, at a long rectangular table, the two delegations took their seats, with Biden and Starmer positioned at the heads of the table and each accompanied by seven colleagues.
While Ukraine was the primary focus of the discussions, other significant issues were also addressed, including the Middle East, China, and Iran. Downing Street had previously aimed to present this meeting as a chance for a more in-depth dialogue than what is typically possible in standard international summits.
The UK has been actively advocating for Kyiv&#8217;s request to fire Western missiles into Russia, BBC added.
However, Biden remains concerned that such a move could lead to a direct conflict between America, Europe, and Moscow— a possibility that Vladimir Putin has hinted at recently.
While Putin&#8217;s previous threats have often amounted to little, there&#8217;s a chance this time might be different.
Diplomacy and intelligence efforts are now focused on understanding the psychology of a wartime leader and predicting his potential reactions. The concern is whether Putin might consider a military strike on a NATO member state, which could drag the entire Western alliance into a war with Russia.
Alternatively, there is worry about whether Ukraine&#8217;s allies would tolerate lower-level retaliatory actions, such as cyber attacks or sabotage of undersea communication cables, BBC added.
It was unlikely that this meeting would settle the issue of Western missiles, particularly since further discussions with other parties at the United Nations are anticipated soon.
Read Next:
<a target="_blank" href="https://www.benzinga.com/news/24/09/40866458/billionaire-ray-dalio-warns-potential-election-chaos-likely-if-loser-particularly-trump-rejects-outc" rel="noreferrer noopener">Billionaire Ray Dalio Warns Potential Election Chaos Likely If Loser, Particularly Trump, Rejects Outcome &#8211; &#8216;My Great Fear Is for Democracy&#8217;</a>

Starmer and Biden Meet: Focus on Ukraine Amid Putin Threats

In the new book Character Limit: How Elon Musk Destroyed Twitter, authors Kate Conger and Ryan Mac delve into the chaotic period of Elon Musk&#8216;s acquisition <a href="https://www.benzinga.com/news/22/12/30195280/elon-musks-ex-girlfriend-grimes-says-mark-zuckerberg-wildly-under-qualified-to-run-metaverse">of Twitter in 2022 and the platform&#8217;s subsequent decline</a>.
What Happened: According to the authors, the book provides fresh insights into Musk&#8217;s tumultuous takeover of Twitter. Conger and Mac, technology reporters at The New York Times, argue that Musk&#8217;s approach to running Twitter, which he termed &#8220;founder mode,&#8221; was unsuccessful due to his lack of experience in managing social media companies and over-reliance on a small circle of advisors.
The book also sheds light on a controversial incident involving Musk&#8217;s personal life, where the name chosen for his second child with musician Grimes was initially given to one of Musk&#8217;s twins with Neuralink executive Shivon Zilis.
The name was later changed following public outcry, <a href="https://www.businessinsider.com/elon-musk-grimes-baby-name-new-book-character-limit-2024">reports</a> Business Insider.
Speaking with the outlet, Conger said, &#8220;Musk was being advised by a very limited circle of people who had not a lot of depth of knowledge about the things that he was taking on. And he&#8217;s always kind of operated in limited circles, but it surprised me just how tiny that world had become by the time he tried to take over Twitter.&#8221;
Also Read: <a href="https://www.benzinga.com/news/24/07/40001741/grimes-mother-accuses-musk-of-withholding-children-amid-custody-battle-please-elon-i-beg-you">Grimes&#8217; Mother Accuses Musk Of Withholding Children Amid Custody Battle: &#8216;Please Elon, I Beg You&#8217;</a>
Talking about baby-name situation, Conger said, &#8220;Elon and Grimes had picked out a name for their daughter that they wanted to use. That name ended up being used for one of Shivon Zilis&#8217; twins with Elon. When Grimes found out about it, obviously she was very upset.&#8221;
&#8220;She&nbsp;posted some song lyrics&nbsp;that she had written about the name essentially being stolen from her. And then Shivon ended up changing that child&#8217;s name, which is how the existence of Shivon&#8217;s children came to light to the public, actually, because the name-change paperwork became public,&#8221; the author added. 
Why It Matters: The book&#8217;s revelations underscore the complexities and challenges that can arise when a high-profile individual like Musk takes over a major social media platform. 
Musk&#8217;s lack of experience in the sector and his reliance on a small group of advisors may have contributed to Twitter&#8217;s decline under his leadership.
The controversy surrounding the naming of Musk&#8217;s child also highlights the scrutiny that public figures like Musk face in their personal lives. This incident, along with the details of Musk&#8217;s Twitter takeover, provide a deeper understanding of the events that have shaped Twitter&#8217;s recent history.
Character Limit: How Elon Musk Destroyed Twitter is set to be released on Tuesday.
Read Next
<a href="https://www.benzinga.com/news/22/03/26313551/elon-musk-admits-he-is-lonely-after-his-split-with-grimes-says-hes-not-afraid-to-die-2" target="_blank" rel="noreferrer noopener">Elon Musk Says You Need 2 Things To Be ‘Fully Happy,' If You Lack 1 You'll Be ‘Half Happy'</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.

Social Media

New Book Reveals Elon Musk's Twitter Buy Fumble And Mix-Up Over Grimes' Baby Name

The tranquil town of Springfield, Ohio, has been disrupted by Donald Trump&#8216;s baseless allegations about Haitian immigrants consuming pets. The claim was made during last week&#8217;s presidential debate, <a href="https://www.benzinga.com/news/24/09/40669286/harris-vs-trump-this-candidate-leading-in-numerous-polls-transforming-political-landscape">causing turmoil in the community</a>.
What Happened: Springfield, a town situated between Dayton and Columbus, has turned into a hub of tension and misinformation following Trump&#8217;s comments, <a href="https://www.businessinsider.com/springfield-ohio-town-center-baseless-trump-pet-eating-claims-tensions-2024-9">reports</a> Business Insider.
The Springfield, OH Community Facebook group, previously a platform for local dialogue, has now become a battlefield for intense debates and the dissemination of false information.
The situation took a turn for the worse when Trump mentioned Springfield in his debate with Kamala Harris. Even though fact-checkers and city officials refuted the claims, the damage had already been inflicted.
&#8220;In Springfield, they are eating the dogs. The people who came in, they are eating the cats. They&#8217;re eating — they&#8217;re eating the pets of the people that live there,&#8221; Trump said during the debate. 
Concerns are rising among locals like Sara Bear, who fears that their town of approximately 60,000 inhabitants will now be known as a &#8220;cat-meme town full of hateful bigots,&#8221; reports Insider.
The tense environment has resulted in restaurants receiving hoax calls inquiring about cats on the menu and even a bomb threat targeted at Haitian immigrants, leading to a temporary shutdown of Springfield City Hall.
Also Read: <a href="https://www.benzinga.com/news/24/09/40761916/trump-vs-harris-majority-of-americans-anticipate-peaceful-2024-power-transfer-if-this-candidate-wins">Trump Vs Harris: Majority Of Americans Anticipate Peaceful 2024 Power Transfer If This Candidate Wins</a>
Other residents, such as Jessica Eikleberry and Olivia Parkinson, are worried about the town&#8217;s reputation and safety being significantly jeopardized, with heightened racial tensions and fears for the safety of people of color. The town&#8217;s image is also impacting local businesses and potentially discouraging people from relocating to or remaining in Springfield.
Despite the prevailing situation, some residents like Marjory Wentworth are making efforts to support the Haitian community, who feel they are being exploited and vilified for political advantages. Haitian immigrant Marco Lapaix voiced his fear and annoyance but underscored the importance of fighting for acceptance.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot" target="_blank" rel="noreferrer noopener">Scaramucci: ‘Trump Is In Trouble And He Knows It', Slams Him On Conflicting Abortion Statements: ‘He's Shotgunning Out Statements And Words'</a>
Why It Matters: The incident in Springfield, Ohio underscores the power of public figures&#8217; words and their potential to incite division and unrest. 
The unfounded claims have not only disrupted the peace of the town but also threatened the safety and harmony of its diverse community. 
The situation serves as a stark reminder of the need for responsible and accurate public discourse, especially from influential figures.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</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.

Donald Trump's Pet-Eating Claims Shaking Up Springfield, Ohio

A recent study sheds new light on the use of cannabis for managing menstrual discomfort, specifically through the application of a high-CBD <a href="https://drupal-cloudfront.benzinga.com/markets/cannabis/20/07/16880053/goldleaf-sophie-saint-thomas-and-foria-collaborate-on-the-intimacy-journal">vaginal suppository. </a>
The study, <a href="https://www.nature.com/articles/s44294-024-00032-0">published</a> in NPJ Women's Health, explores the effects of a commercially available product, Foria, which contains 100 milligrams of cannabidiol (CBD).
See Also: <a href="https://www.benzinga.com/general/biotech/24/02/36353853/cbd-infused-tampons-are-real-and-science-says-they-are-safe-and-effective-for-menstrual-pain">CBD-Infused Tampons Are Real &#8211; And Science Says They Are Safe And Effective For Menstrual Pain</a>
This research is significant as it marks the first investigation into a &#8220;real-world&#8221; high-CBD suppository for menstrual-related symptoms, also known as dysmenorrhea.
<h3 class="wp-block-heading">CBD's Impact On Menstrual Symptoms</h3>
Conducted by researchers from the McLean Hospital Imaging Center and Harvard Medical School, the study involved 307 participants assigned female at birth. 
Of these, 77 received the CBD suppository, while the remaining participants continued their usual treatment. The results were promising: those using the suppository reported notably reduced menstrual pain, improved mood and a decrease in the use of pain medications compared to those using conventional treatments.
"This is the first study to assess the impact of a ‘real-world,' commercially-available, high-CBD suppository on menstrual-related pain and discomfort," the report states. 
The findings suggest that these suppositories could alleviate a range of menstrual-related symptoms, enhance daily functioning and decrease reliance on analgesics. After one month, 72.9% of the CBD users noted at least moderate improvement, which increased to 81.1% after two months.
<h3 class="wp-block-heading">Higher CBD Usage Tied To Greater Menstrual Symptom Relief</h3>
An intriguing aspect of the study was the observed dose-dependent response. Participants who used the suppositories more frequently reported greater symptom relief. "Increased suppository use was significantly associated with greater reduction of symptoms," the report indicates.
Despite these encouraging results, the researchers call for further investigation. They advocate for randomized clinical trials to replicate these findings and confirm the efficacy of cannabinoid-based therapies for menstrual pain. "Vaginal suppositories can be an effective route of administration for cannabinoid-based therapies," they add.
<h3 class="wp-block-heading">How This CBD Study Stacks Up Against Past Research</h3>
This study builds on earlier <a href="https://psycnet.apa.org/fulltext/2024-61679-001.html">research</a> published in March, which examined the impact of orally administered CBD on menstrual-related symptoms. That study highlighted CBD&#8217;s effectiveness in alleviating symptoms such as irritability and stress, setting a precedent for the current investigation into vaginal administration.
The study, which claimed to be the first to examine cannabidiol&#8217;s effects on menstrual-related symptoms (MRS) and irritability, found significant improvements. 
&#8220;Results revealed reductions…in MRS, irritability, anxiety, global impression of change, stress, and subjective severity scores when comparing baseline to all 3 months of CBD consumption,&#8221; the authors wrote, concluding that &#8220;CBD may be an effective treatment in alleviating MRS.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40742396/mounting-research-supports-cannabis-as-health-care-tool-plant-compounds-relieve-endometriosis-pa">Mounting Research Supports Cannabis As Health Care Tool: Plant Compounds Relieve Endometriosis Pain And Reduce Fatigue, Studies Find</a></li>
</ul>
Cover image made with AI.

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

OrgHarvest

News

Latest news for OrgHarvest (OTC:ORGH) Stock