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Memecoins lifted Sunday as the broader cryptocurrency market staged a spirited recovery from Friday's lows.
What happened: Cat-themed cryptocurrency, Popcat, led the rally, with gains upwards of 6.5% in the last 24 hours. The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin registered a 51% spike in trading volumes to $57 million.&nbsp;
Despite a 5.72% decline over the month, POPCAT has been a bumper investment in the cryptocurrency market this year, returning a whopping 6515% year-to-date.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:55 p.m. EDT)</td>
</tr>
<tr>
<td>Popcat (POPCAT)</td>
<td>+6.58%</td>
<td>$0.5376</td>
</tr>
<tr>
<td>Brett (Based) (BRETT)</td>
<td>+4.89%</td>
<td>$0.07281</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>+3.14%</td>
<td>$0.00007033</td>
</tr>
</tbody>
</table>
</figure>
Brett, the memecoin based on Layer-2 network Base, notched up gains close to 5% in the 24 hours. Inspired by the character Brett from Matt Furie&#8217;s Boys&#8217; Club comic series, the token erased losses from Friday with the latest uptick.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based Pepe also popped over 3%, with a 41% jump in trades in the last 24 hours. In fact, the frog-themed token was the most traded memecoin in the 24-hour period, eclipsing the trading volume for Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>).
The total memecoin market capitalization rose from $35.63 billion to $36.50, indicating a rise of 2.4%.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40766075/peter-schiff-will-accept-he-was-wrong-about-bitcoin-if-restaurants-begin-to-show-prices-in">Peter Schiff Will Accept He Was Wrong About Bitcoin If Restaurants Begin To Show Prices In Satoshis Among Other Things</a>
Why It Matters: The rally came amid a wider market uptick, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40765647/bitcoin-ethereum-dogecoin-spring-back-from-fridays-fall-analyst-flags-peak-bearish-sentime">advancing to the north</a>.
The spike came after Bitcoin plummeted below $53,000 on Friday due to investors&#8217; concerns about a weakening labor market.
The global market cap stood at $1.95 trillion, following a jump of 1.26% in the last 24 hours.
Price Action: At the time of writing, Bitcoin was exchanging hands at $55,116.82, up 1.43% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40765946/trumps-upcoming-crypto-project-a-potential-problem-in-making-defi-stablecoin-promotion-rai">Trump&#8217;s Upcoming Crypto Project A Potential Problem In Making? DeFi, Stablecoin Promotion Raises Conflict Of Interest Worries</a></li>
</ul>

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

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Popcat, Brett Outperform Dogecoin, Shiba Inu In 24 Hour Gains As Memecoins Join Broader Market Rise

Influential economist and fierce Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) critic Peter Schiff stated that his pessimism about the leading cryptocurrency may be proven wrong if it becomes a mainstream payment medium.
What happened: During a debate with Jack Mallers, CEO of Bitcoin startup Strike, Schiff indicated that broader adoption of Bitcoin as a payment alternative to existing fiat currencies might change his opinion, starting from something as basic as paying for a dinner at a restaurant with the digital coin.
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"I can buy insurance policies, and they have Bitcoin benefits. I pay my premiums in Bitcoin. I get my benefits if rents are in Bitcoin. If everything is expressed in a quantity of satoshi, then I guess I was wrong. You were right. Bitcoin actually became money," 
But in the same breath, the naysayer pointed out that the apex cryptocurrency's aforementioned use case has been gradually diminishing over the past few years, with supporters instead promoting its store of value thesis.
He added that he doesn't find Bitcoin "exciting" anymore, despite the possibility of it reaching $100,000 in the future. "If I&#8217;m going to speculate, there are better bets to make than betting on a crowded trade like Bitcoin."
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40715911/bitcoin-miner-terawulf-leads-early-hpc-market-entry-analyst-projects-610m-revenue-by-2026">Bitcoin Miner TeraWulf Leads Early HPC Market Entry, Analyst Projects $610M Revenue By 2026</a>
Why It Matters: One of the most outspoken anti-Bitcoin voices on social media, Schiff has consistently opposed the asset class over the years, arguing that gold is superior to its so-called digital counterpart.
That said, in one of the interviews in March, <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37687164/bitcoin-critic-peter-schiff-regrets-missing-out-on-btc-investment-in-early-days-i-would-ha">he wished he bought</a> the the world&#8217;s largest digital asset back in 2010, given its profit potential.&nbsp;
Last week, he <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40744158/peter-schiff-takes-a-jab-at-investors-for-choosing-bitcoin-etf-over-gold-etf-says-they-bet">questioned the business acumen of investors</a> who chose Bitcoin exchange-traded funds over those tracking gold.
Price Action: At the time of writing, Bitcoin was exchanging hands at $55,116.82, up 1.43% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo Courtesy: Wikimedia Commons
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40743776/trump-reiterates-plans-to-make-us-world-capital-of-crypto-instead-of-attacking-industries-">Trump Reiterates Plans To Make US World Capital Of Crypto: &#8216;Instead Of Attacking Industries Of The Future, We&#8217;ll Embrace Them&#8217;</a></li>
</ul>

Peter Schiff Will Accept He Was Wrong About Bitcoin If Restaurants Begin To Show Prices In Satoshis Among Other Things

Amid concerns over the U.S. labor market, Treasury Secretary Janet Yellen has reassured the public about the economy&#8217;s resilience, <a href="https://www.benzinga.com/news/large-cap/24/09/40750261/wall-street-sighs-in-relief-as-august-jobs-numbers-ease-recession-fears-small-caps-outperform-doll">despite recent weak job reports</a>.
What Happened: Yellen assured the public of the U.S. economy&#8217;s strength, despite recent weak job reports. Speaking at the Texas Tribune Festival in Austin, Yellen said, &#8220;We&#8217;re seeing less frenzy in terms of hiring and job openings, but we&#8217;re not seeing meaningful layoffs,&#8221; <a href="https://www.cnbc.com/2024/09/07/yellen-says-us-economy-remains-solid-heading-toward-soft-landing.html">reported</a> CNBC on Saturday. 
Yellen acknowledged that job growth has decelerated compared to the post-pandemic &#8220;hiring frenzy,&#8221; but emphasized that the economy is &#8220;deep into a recovery&#8221; and &#8220;basically operating at full employment.&#8221; Her comments came a day after the Bureau of Labor Statistics released another month of underwhelming job data.
Nonfarm payrolls rose by 142,000 in August, falling short of the Dow Jones forecast of 161,000. This miss has stoked fears about a slowing labor market, with the S&amp;P 500 ending the week with its worst performance since March 2023. However, the unemployment rate dipped to 4.2%, and job growth in <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40728795/private-employment-grows-by-99-000-in-august-sharply-misses-forecasts-of-140-000-">August surpassed July&#8217;s figures</a>.
Yellen attempted to alleviate concerns about the economy, stating, &#8220;I don&#8217;t see red lights flashing.&#8221; The recent jobs data has sparked worries about whether the Federal Reserve can achieve a &#8220;soft landing&#8221; by raising interest rates to control inflation and then cutting them before a recession hits. Yellen expressed confidence in this path, noting the significant reduction in inflation.
See Also: <a href="https://www.benzinga.com/news/24/09/40722526/kamala-harris-reveals-28-capital-gains-tax-for-high-earners-toning-down-bidens-proposed-rates-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Reveals 28% Capital Gains Tax For High Earners, Toning Down Biden&#8217;s Proposed Rates Ahead Of 2024 Election</a>
Why It Matters: The context surrounding Yellen&#8217;s comments is crucial. On Friday, the Treasury Secretary warned that eliminating clean energy tax credits provided by the Inflation Reduction Act would be a &#8220;historic mistake,&#8221; highlighting the <a href="https://www.benzinga.com/news/24/09/40752747/trump-wants-to-end-ev-tax-credits-but-yellen-warns-of-higher-bills-lost-jobs-and-chinas-gain">potential economic repercussions</a>.
Additionally, the August jobs report released showed signs of a <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40748557/job-creation-falls-short-of-expectations-in-august-unemployment-rate-ticks-lower-">cooling labor market</a>, which eased recession fears that had intensified earlier.
Further, on Thursday, economists suggested <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40734119/fed-rate-cut-of-0-5-wouldnt-be-a-surprise-after-private-payrolls-fall-short-economi">that a 0.5% rate cut</a> by the Federal Reserve wouldn&#8217;t be surprising after private payrolls fell short. 
Moreover, the U.S. services sector posted a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40732534/services-sector-activity-expands-more-than-expected-in-august-but-employment-growth">stronger-than-expected</a> expansion in August, easing concerns about a potential economic slowdown. 
Read Next: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40748557/job-creation-falls-short-of-expectations-in-august-unemployment-rate-ticks-lower-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Job Creation Falls Short Of Expectations In August, Unemployment Rate Ticks Lower, Wage Growth Soars</a></li>
</ul>
Image via Flickr
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Economics

Janet Yellen Predicts 'Soft Landing' For US Economy Despite Job Growth Concerns: 'We're Not Seeing Meaningful Layoffs'

Retail behemoth Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) has reportedly marked all three models of&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) EarPods as &#8220;Non-Carry Forward.&#8221;
What Happened: Over the weekend, a MacRumors contributor took to X, formerly Twitter, and shared this information suggesting a potential discontinuation of all EarPods models including the Lightning, 3.5mm, and USB-C versions. 
The USB-C model, launched by Apple in 2023, was part of the company&#8217;s shift to USB-C connectors in its iPhone models, aimed at improving compatibility with newer devices.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40679223/mark-cuban-explains-why-despite-getting-a-lot-of-flak-from-elon-musk-and-others-he-continues-to-post?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Explains Why, Despite Getting A Lot Of Flak From Elon Musk And Others, He Continues To Post On X: &#8216;Don&#8217;t Want to Be Where Everyone Agrees with Me&#8217;</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I am hearing reports that today, Target has listed all 3 models of Apple EarPods (Lightning, 3.5mm, and USB-C) as &quot;Non-Carry Forward&quot; which means these products are soon to be discontinued. <a href="https://t.co/IIKPwxqgxa">pic.twitter.com/IIKPwxqgxa</a>
&mdash; Aaron (@aaronp613) <a href="https://twitter.com/aaronp613/status/1832974559231754636?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
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Apple did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Apple&#8217;s EarPods, recognized for their ergonomic design that accommodates&nbsp;a wide range of users, are now sold separately following the release of the iPhone 12 series. 
These devices cater to&nbsp;users who prefer wired headphones&nbsp;that do not require charging.
At the time, Apple's head of environment,&nbsp;Lisa Jackson, said, &#8220;We know customers have been accumulating adapters and that producing millions of unneeded adapters consumes resources and adds to our carbon footprint.&#8221;
Later, a 2022 report suggested that Apple saved a whopping <a href="https://www.benzinga.com/news/22/03/26114665/no-charger-no-earpods-saves-apple-6-5b-report">$6.5 billion by removing chargers and earphones</a> from the packaging of its new iPhones.
Meanwhile, Apple&#8217;s annual iPhone launch event, named <a href="https://www.benzinga.com/news/24/08/40572621/apple-september-9-glowtime-event-heres-everything-cupertino-is-expected-to-launch">&#8220;Glowtime,&#8221; is scheduled to take place</a> on Monday, Sept. 9. The event is expected to showcase a variety of new products, including the highly-anticipated iPhone 16 series and fourth-generation AirPods.
Photo by Sharon Janssens on Unsplash
Check out more of&nbsp;Benzinga's&nbsp;Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/09/40763490/apples-glowtime-iphone-16-launch-oled-display-upgrades-and-huaweis-countermove-this-week-in-applever?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s &#8216;Glowtime&#8217; iPhone 16 Launch, OLED Display Upgrades, And Huawei&#8217;s Countermove: This Week In Appleverse</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

AAPL

Apple May Discontinue All Three EarPods Models, Including USB-C: Researcher Hints At Target Listing Clue

The upcoming cryptocurrency venture of Republican presidential candidate Donald Trump could pose significant issues for the former president if he returns to the White House in November.
What Happened: According to a <a href="https://www.wsj.com/finance/currencies/crypto-plan-creates-potential-conflicts-for-trump-92515c18?mod=hp_lead_pos2">report</a> by The Wall Street Journal, the project titled World Liberty Financial, could lead to a fresh set of conflicts of interest if he is re-elected.
Concerns are rife that Trump might advocate for cryptocurrency-friendly regulations that could favor his own project. Moreover, businesses seeking to influence the administration might be enticed to invest in Trump&#8217;s financial products.
Trump&#8217;s business interests caused recurring concerns among government ethics experts during his first presidency. In 2022, documents revealed that<a href="https://www.benzinga.com/news/22/11/29722548/trumps-dc-hotel-host-top-officials-from-6-countries-who-spent-thousands-of-dollars-to-seal-crucial-d"> foreign officials spent thousands of dollars </a>at the&nbsp;Trump International Hotel to land crucial deals
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40747803/ethereum-co-founder-vitalik-buterin-to-donate-all-crypto-proceeds-ends-new-token-investmen">Ethereum Co-Founder Vitalik Buterin To Donate All Crypto Proceeds, Ends New Token Investments</a>
Why It Matters: Trump and his two elder sons have been publicizing the project, said to be based on decentralized finance (DeFi), on social media for weeks.
The Republican challenger has aggressively&nbsp;promoted the initiative, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40643394/trump-said-plan-to-make-us-crypto-capital-of-the-planet-would-come-by-afternoon-crypto-com">linking it with his plan</a> of making the U.S. the &#8220;crypto capital of the planet.&#8221; He has vowed to establish a national Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) stockpile to address U.S. mounting debt.
The digital banking initiative had earlier expressed its commitment <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40722435/trumps-crypto-project-vows-to-bolster-us-financial-dominance-with-dollar-pegged-stablecoin">to drive the mass adoption of U.S. dollar-pegged stablecoins</a> to ensure the dominance of the international currency.
However, operating a digital currency pegged to the dollar could also present intricate issues. While the president doesn&#8217;t have control over the dollar&#8217;s value, actions such as running budget deficits could influence its value.
Interestingly, the initiative has also <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40760191/trump-brothers-cryptocurrency-start-up-rattles-fathers-crypto-allies-this-is-a-huge-mistak">drawn criticism from some of Trump's most loyal allies</a> within the cryptocurrency sector. Nic Carter, a partner at cryptocurrency venture capital firm Castle Island Ventures and a Trump supporter, dubbed it as a &#8220;huge mistake.&#8221;
Image via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Politics

Trump's Upcoming Crypto Project A Potential Problem In Making? DeFi, Stablecoin Promotion Raises Conflict Of Interest Worries

Iconiq Capital, an investment group supported by Meta Platforms Inc. CEO Mark Zuckerberg and Twitter founder Jack Dorsey, is exploring alternative methods to generate returns from its largest-ever venture fund due to a lack of initial public offerings.
What Happened: The San Francisco-based firm recently closed a $5.75 billion fund through its venture arm, Iconiq Growth, surpassing its previous $4.1 billion fund raised in 2021. Partner Matthew Jacobson <a href="https://www.ft.com/content/2a57091b-5f32-4f76-9cc7-a079e2a3e8d8">told</a> the Financial Times that the fund would adapt to the downturn in public markets, which has resulted in fewer start-ups seeking IPOs.
Jacobson noted that historically, most of Iconiq&#8217;s value came from public markets, with around 30 IPOs in the past 11 years. However, no new companies have gone public since 2021. The firm is now focusing on mergers and acquisitions and the secondary market for start-up stocks.
"We're seeing a lot of early shareholders looking for liquidity and it creates opportunity in the market," said Jacobson.
Iconiq&#8217;s shift mirrors broader trends in the venture capital industry, where investment into start-ups has significantly declined. Last month, Iconiq portfolio company QGenda agreed to sell to Hearst for over $2 billion. Additionally, Iconiq is leveraging the growing trade in start-up secondaries to release capital.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40743776/trump-reiterates-plans-to-make-us-world-capital-of-crypto-instead-of-attacking-industries-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Reiterates Plans To Make US World Capital Of Crypto: &#8216;Instead Of Attacking Industries Of The Future, &#8216;We&#8217;ll Embrace Them&#8217;</a>
Why It Matters: The venture capital landscape has seen significant shifts, especially with the decline in IPOs. This has forced firms like Iconiq to explore new strategies.
Jacobson highlighted that the boom in artificial intelligence has attracted investors, though Iconiq avoids capital-intensive AI model developers. Instead, it invests in AI application start-ups like Glean, Writer, Evolution IQ, and DeepL.
Iconiq Growth is also expanding its presence in Europe, backing companies like Adyen and Miro, with a focus on AI hubs in Paris and London. Partner Seth Pierrepont emphasized the supportive role of European governments in fostering AI innovation, according to the report.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40758859/apple-launched-ipod-nano-19-years-ago-if-you-invested-1000-in-apple-stock-when-steve-jobs-reveal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Launched iPod Nano 19 Years Ago: If You Invested $1000 In Apple Stock When Steve Jobs Revealed His Vision For Music, Here&#8217;s How Much You&#8217;d Have</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

IPOs

Startups

Mark Zuckerberg And Jack Dorsey-Backed Investment Group Shifts Focus Amid IPO Drought, Explores M&A And Secondary Markets With $5.75B Venture Fund

Over the weekend, Bloomberg columnist Mark Gurman said&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) will not announce the Watch Ultra 3 <a href="https://www.benzinga.com/news/24/08/40572621/apple-september-9-glowtime-event-heres-everything-cupertino-is-expected-to-launch">on Monday</a>.
What Happened: Gurman took to X, formerly Twitter, and said that he doesn&#8217;t expect the Apple Watch Ultra 3 to be announced at the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40713896/apples-glowtime-event-will-the-iphone-16-shine-or-fizzle">tech giant&#8217;s &#8220;Glowtime&#8221; event</a>.
Instead, he predicts that Apple will continue offering the Apple Watch Ultra 2, but with the addition of a new black color option.
&#8220;I also wouldn't rule out a delay to the new Watch SE,&#8221; he stated. While Apple has not said anything about these speculations, Gurman&#8217;s predictions have often been accurate.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40763816/ai-sector-bubble-concerns-nvidias-one-stop-shop-ambition-and-more-this-week-in-ai?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Sector Bubble Concerns, Nvidia&#8217;s One-Stop Shop Ambition, And More: This Week In AI</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I don't expect Apple to announce an Apple Watch Ultra 3 tomorrow. Instead, I expect the Ultra 2 sticks around and — finally — gains a black color option. I also wouldn't rule out a delay to the new Watch SE.
&mdash; Mark Gurman (@markgurman) <a href="https://twitter.com/markgurman/status/1832955583177388435?ref_src=twsrc%5Etfw">September 9, 2024</a></blockquote>
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Why It Matters: This prediction comes in the wake of Apple&#8217;s confirmed annual iPhone launch event, named "Glowtime," scheduled for Monday, Sept. 
The event was expected to showcase a variety of new products, including the highly-anticipated iPhone 16 series, Apple Watch Series 10, Apple Watch SE, and the Apple Watch Ultra 3.
According to rumors and leaks, the Watch Series 10 is expected to debut a sleeker design with larger 45mm and 49mm displays, the Ultra 3 may retain its rugged look but gain a new processor, and the new Watch SE could introduce a more affordable plastic casing and larger screens.
Despite the hype around the iPhone 16, tech expert Gene Munster has suggested that the device&#8217;s launch might not <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40696588/exclusive-apples-iphone-16-launch-will-be-disappointment-before-the-excitement-gene">significantly boost Apple&#8217;s shares</a> as the anticipation is already factored into the stock.
Previously, Gurman had also cautioned against the hype surrounding the iPhone 16 super cycle, stating that consumers might have to <a href="https://www.benzinga.com/news/24/09/40764465/dont-believe-the-hype-about-an-iphone-16-super-cycle-gurman-says-consumers-will-have-to-wait-for-the">wait for the best AI features</a>.
Image via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple Watch Ultra 3 Announcement Unlikely At Monday's  'Glowtime' Event, Says Top Analyst: 'I Also Wouldn't Rule Out…'

Elton John recently expressed his amusement over the moniker &#8220;Little Rocket Man&#8221; that former U.S. President Donald Trump used for North Korean leader Kim Jong Un. The nickname was a nod to John&#8217;s chart-topping song.
What Happened: During an <a href="https://variety.com/2024/film/news/elton-john-donald-trump-kim-jong-un-nickname-brilliant-rocket-man-1236136630/">interview</a> with Variety at the Toronto Film Festival, John revealed his thoughts on Trump&#8217;s nickname for Kim Jong Un. The singer found the moniker, inspired by his hit song, amusing. &#8220;I laughed, I thought that was brilliant,&#8221; John stated.
The singer said, &#8220;I just thought, ‘Good on you, Donald.' … Donald's always been a fan of mine, and he's been to my concerts many, many times. So, I mean, I've always been friendly toward him, and I thank him for his support. When he did that, I just thought it was hilarious. It made me laugh.&#8221;
According to former Secretary of State Mike Pompeo&#8217;s 2022 memoir, Trump had to clarify the nickname to Kim Jong Un, who was not familiar with the &#8220;Tiny Dancer&#8221; singer. Trump even signed an Elton John CD as a <a href="https://www.benzinga.com/news/23/04/31949490/trump-scratched-made-in-south-korea-sticker-off-elton-john-cd-before-giving-it-to-kim-jong-un">present for the North Korean leader</a>.
John also expressed his thoughts on the upcoming U.S. election and the significance of voting for justice and individual rights. He did not directly endorse any candidate but voiced his hope for a more peaceful, secure future.
John&#8217;s remarks were made during the global premiere of the Disney+ documentary &#8220;Elton John: Never Too Late&#8221;, which reflects on his career and personal life. The documentary will have a limited U.S. theatrical run in November and will be available on Disney+ on Dec. 13.
See Also: <a href="https://www.benzinga.com/news/24/09/40762350/hillary-clintons-advice-to-kamala-harris-for-donald-trump-debate-showdown-she-should-not-be-baited-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hillary Clinton&#8217;s Advice To Kamala Harris For Donald Trump Debate Showdown: &#8216;She Should Not Be Baited, She Should Bait Him&#8217;</a>
Why It Matters: The nickname &#8220;Little Rocket Man&#8221; and the autographed CD have been notable elements in the relationship between Trump and Kim. Trump revealed that the Elton John CD he gifted to Kim was made in South Korea, and he removed the &#8220;Made in South Korea&#8221; sticker before presenting it.
However, the relationship between the two leaders has seen ups and downs. In July, North Korea <a href="https://www.benzinga.com/24/07/40087592/kim-jong-un-reportedly-willing-to-resume-nuclear-talks-if-trump-returns-to-white-house-reveals-north">expressed willingness</a> to resume nuclear talks if Trump returns to the White House, according to a North Korean diplomat who defected to South Korea. It has also been reported that North Korea <a href="https://www.benzinga.com/news/24/07/39925959/kim-jong-un-rejects-donald-trumps-friendship-claims-north-korea-says-we-do-not-care-expresses-nuclea">rejected</a> Trump&#8217;s claims of friendship and stated readiness for nuclear action amid rising tension with the U.S.
Photo Courtesy: Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Entertainment

General

Elton John Says Trump's 'Rocket Man' Nickname For Kim Jong Un Was Brilliant: 'Donald Has Always Been A Fan Of Mine'

Alimentation Couche-Tard Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANCTF#OTC">ANCTF</a>)&nbsp;has approached Seven &amp; i Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDY#OTC">SVNDY</a>)&nbsp;for discussions after its $38.5 billion offer was declined. The Canadian firm <a href="https://www.benzinga.com/m-a/24/09/40748758/japanese-7-eleven-operator-strikes-alimentation-couche-tards-undervalued-39b-takeover-offer">remains interested in the acquisition</a>.
What Happened: Seven &amp; i stated that the offer was not in the best interest of its shareholders and could face antitrust issues in the U.S., where the combined entity would become the largest convenience store operator.
Couche-Tard, owner of the Circle-K brand, expressed willingness to make divestitures to gain regulatory approval. The company believes a merger would address all regulatory concerns in Japan.
Couche-Tard emphasized its disappointment at Seven &amp; i&#8217;s refusal to engage in discussions, stating, &#8220;We are highly confident that collaborative discussions would lead to our ability to find increased value for 7&amp;i shareholders.&#8221;
The Canadian company is confident about securing financing for the deal, which would be the largest-ever foreign takeover of a Japanese firm and the biggest all-cash offer since Elon Musk&#8216;s $40.2 billion acquisition of Twitter in 2022, according to LSEG data.
Shares of the Japanese retail giant, which owns 7-Eleven, rose 2.5% in early Tokyo trading on Monday, reaching 2,191 yen ($15.35). This is above the $14.86 per share all-cash proposal that was turned down on Friday.
See Also: <a href="https://www.benzinga.com/news/24/09/40761179/donald-trump-says-kamala-harris-victory-would-mean-israels-demise-criticizes-jewish-democrats?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Says Kamala Harris Victory Would Mean Israel&#8217;s Demise, Criticizes Jewish Democrats</a>
Why It Matters: The rejection of Couche-Tard&#8217;s offer by Seven &amp; i comes after a series of strategic moves and market reactions. In April, Seven &amp; i considered <a href="https://www.benzinga.com/markets/equities/24/04/38185863/seven-i-holdings-contemplates-separation-of-retail-arm-shifts-focus-to-7-eleven-expansion">separating its retail arm</a>, Ito-Yokado, to focus on expanding its 7-Eleven franchise.
Seven &amp; i has been innovating its business model, such as <a href="https://www.benzinga.com/news/22/01/25112164/7-eleven-launches-subscription-program-waiving-fees-for-deliveries">launching a subscription program</a> in January 2022 that waived delivery fees.
JapanConsuming co-founder Michael Causton says, Seven &amp; i is considered undervalued due to factors related to its structure, timing, and corporate culture, with its long-term value being significantly higher. He notes that Couche-Tard recognizes this and has timed its bid strategically, showcasing its expertise in deal-making, according to Reuters report. However, acquiring Seven &amp; i at a lower price may prove challenging, as many investors are aware of the company&#8217;s true value.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Global

ANCTF

SVNDY

Circle K Owner Couche-Tard Pursues Talks With 7-11 Operator Seven & I After $38.5B Bid Rejected

Chinese tech heavyweight&nbsp;Huawei Technologies&#8217;&nbsp;<a href="https://www.benzinga.com/news/24/09/40674140/huawei-plans-to-one-up-apples-iphone-16-with-disruptive-product-launch-says-it-has-turned-science-fi">newest tri-fold smartphone</a>, the Mate XT, attracted 1.3 million orders within seven hours of opening reservations.
What Happened: On Saturday at 12:08 p.m., the Chinese telecom equipment supplier started taking orders for the new device, <a href="https://asia.nikkei.com/Business/Telecommunication/Huawei-tri-fold-phone-receives-orders-from-1.3-million-fans-in-7-hours">reported</a> Nikkei Asia.
The Mate XT,&nbsp;available in red and black,&nbsp;is scheduled to be unveiled on Tuesday, just after Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is <a href="https://www.benzinga.com/news/24/08/40572621/apple-september-9-glowtime-event-heres-everything-cupertino-is-expected-to-launch">anticipated to reveal</a> the iPhone 16 in the U.S. on Monday.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40764465/dont-believe-the-hype-about-an-iphone-16-super-cycle-gurman-says-consumers-will-have-to-wait-for-the?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Don&#8217;t Believe The Hype About An iPhone 16 Super Cycle,&#8217; Gurman Says: &#8216;Consumers Will Have To Wait For The Best AI Features&#8217;</a>
Huawei&#8217;s tri-fold smartphone is set to officially hit the market on Sept. 20. The pricing and detailed specifications are expected to be announced at Tuesday&#8217;s launch. 
In addition to the smartphone, Huawei also intends to launch a series of electric and new energy vehicles developed in partnership with a Chinese automaker, the report noted.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Huawei&#8217;s decision to launch a product on the same day as Apple&#8217;s is reportedly part of its broader plan to compete with Cupertino in the Chinese market, where the U.S. tech giant has been losing ground.
In July this year, it was reported that Apple had dropped from <a href="https://www.benzinga.com/markets/equities/24/07/39954971/apple-drops-from-3rd-to-6th-in-china-amid-intensifying-competition-huawei-shipments-surge-41-in-">third to sixth place in China&#8217;s smartphone</a> market, while Huawei saw a significant surge in smartphone shipments.
Apple&#8217;s market share in China fell to 14% in the second quarter of 2024, down by two percentage points compared to the same period in the last year.
The rivalry between Apple and Huawei was also evident in January this year when the Cupertino, California-based tech giant <a href="https://www.benzinga.com/news/24/01/36629629/huawei-heats-up-competition-as-apple-slashes-iphone-prices-by-70-for-a-limited-time-in-china">decided to slash iPhone prices</a> in China — an unprecedented move by the Tim Cook-led company.
Check out more of&nbsp;Benzinga&#8217;s&nbsp;Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

Apple's iPhone 16 Launch Parade On Monday Gets Rained On By Huawei: Chinese Company's Tri-Fold Phone Gets Over A Million Orders In Just 7 Hours

Leading cryptocurrencies edged higher Sunday as the market sought to rebound from last week&#8217;s losses.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.43%</td>
<td>$54,780.48</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.28%</td>
<td>$2,293.80</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.94%</td>
<td>$0.09593</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin climbed significantly overnight, surpassing $55,000 before retreating to the higher area of $54,000. The leading cryptocurrency was down 4.32% over the past week, led by a steep drop Friday that took it below $53,000.
Ethereum also looked to recoup losses from last week's plunge below $2,200, inching past $2,300 last evening.&nbsp;
The rally caused the market's total liquidations to top $100 million in the last 24 hours, with bearish leveraged traders getting the most affected.
Bitcoin's Open Interest rose 2.02% in the past 24 hours, indicating a surge in expectations of more volatility.
The market's sentiment improved from "Extreme Fear" to "Fear," according to the popular Cryptocurrency Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>BitTorrent [New] (BTT)</td>
<td>+19.09%</td>
<td>$0.0000009333</td>
</tr>
<tr>
<td>Quant (QNT)</td>
<td>+16.33%</td>
<td>$70.19</td>
</tr>
<tr>
<td>Popcat (POPCAT)</td>
<td>+8.81%</td>
<td>$0.5425</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market fell below $2 trillion, following a contraction of 2.90% in the last 24 hours.
Stock futures ticked higher Sunday night. The Dow Jones Industrial Average Futures was up 0.1% at 8:50 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.12%, while Nasdaq 100 Futures added 0.16%.
The uptick followed the stock market&#8217;s dismal start to September, as major indices such as the S&amp;P 500 and the Nasdaq Composite recorded weekly losses not seen in more than a year.
The decline was <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40748557/job-creation-falls-short-of-expectations-in-august-unemployment-rate-ticks-lower-">precipitated by weak labor data</a>, with the U.S. economy adding 142,000 nonfarm payrolls in August, below the 160,000 consensus estimate.
Before this, <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40728795/private-employment-grows-by-99-000-in-august-sharply-misses-forecasts-of-140-000-">August&#8217;s private sector job growth</a> also fell far short of expectations.&nbsp;
Market participants have priced in a 65% chance of the Federal Reserve cutting the interest rate by 25 basis points, according to the CME<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html"> FedWatch</a> tool.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Prominent cryptocurrency analyst Elja Boom noted similarities between September's bearish environment this year and the same month last year.
He observed a "peak" bearish sentiment, and the unsustainability of any Bitcoin upsides.
"The market usually bottoms when there&#8217;s peak frustration and pessimism, which is clearly visible on my timeline!" the analyst added.
<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">Similarities between September 2023 and September 2024!   &#8211; Retail going after everyone who is posting bullish things   &#8211; The market looks like it&#39;ll continue to go down and will never recover   &#8211; No <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> pump is sustainable    &#8211; People are bored and busy dragging down each other… <a href="https://t.co/uPJvjFn7LJ">pic.twitter.com/uPJvjFn7LJ</a>
&mdash; Elja (@Eljaboom) <a href="https://twitter.com/Eljaboom/status/1832766250830680378?ref_src=twsrc%5Etfw">September 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency analyst Rekt Capital stated that Bitcoin's 8% decline in September was "nothing out of the ordinary," considering historical downsides witnessed during the month in 2021, 2020, 2018, and 2017.
<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">The <a href="https://twitter.com/hashtag/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoin</a> markets are reversing. I&#39;m positioned into <a href="https://twitter.com/search?q=%24OMNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$OMNI</a> (and under-water), but it&#39;s showing a: &#8211; Daily bullish divergence. &#8211; Reclaiming the level of early August. Expect to see a run of 2-3x in the coming 2-3 months against <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> value &#8211;&gt; the most important metric. <a href="https://t.co/uM9v1NosnL">pic.twitter.com/uM9v1NosnL</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1831723973865771167?ref_src=twsrc%5Etfw">September 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Bitcoin, Ethereum, Dogecoin Spring Back From Friday's Fall: Analyst Flags 'Peak' Bearish Sentiment That Could Result In A Market Bottom

Editor&#8217;s Note: This story has been updated to include a comment from a Disney spokesperson.
The <a href="https://www.benzinga.com/general/entertainment/24/09/40670016/disney-and-directv-fail-to-reach-deal-over-11m-subscribers-face-blackout-ahead-of-nfl-seaso">ongoing feud between</a> pay-TV provider,&nbsp;DirecTV, owned by&nbsp;AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), and TPG Capital&nbsp;and&nbsp;Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) over a new carriage agreement&nbsp;has taken a new turn.
What Happened: On Saturday, DirecTV lodged a complaint against Disney&nbsp;with the Federal Communications Commission, accusing the mouse house of &#8220;bad faith&#8221; negotiations.
The DirecTV-Disney dispute is a carriage fee negotiation, which has been ongoing for two weeks. It has <a href="https://www.benzinga.com/general/entertainment/24/08/40568015/directv-and-disney-talking-over-flexible-netflix-like-channel-packages-but-fallout-from-fai">led to a blackout of&nbsp;Disney channels</a>, including ESPN and&nbsp;ABC-owned stations in nine markets,&nbsp;on DirecTV since Sept. 1.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40722123/openai-co-founder-ilya-sutskevers-ai-startup-raises-1b-from-andreessen-horowitz-sequoia-as-sam-altma?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI Co-Founder Ilya Sutskever&#8217;s AI Startup Raises $1B From Andreessen Horowitz, Sequoia As Sam Altman-Led Company Faces Exodus</a>
DirecTV alleges that Disney is breaching&nbsp;the FCC's good faith mandates&nbsp;by demanding&nbsp;it waive any legal&nbsp;claims on anticompetitive actions,&nbsp;including its ongoing packaging and&nbsp;minimum penetration demands. 
Disney, however, insists&nbsp;that mutual release of claims&nbsp;is a&nbsp;standard practice after licensing agreements&nbsp;are negotiated and agreed upon. A Disney spokesperson urged DirecTV to&nbsp;prioritize their customers by finalizing&nbsp;a deal that would restore access to their content, <a href="https://apnews.com/article/disney-directv-espn-abc-70acfc11ac3db57e0307b8fe364caf8c">reported</a> the Associated Press.
"We continue to negotiate with DirecTV to restore access to our content as quickly as possible. We urge DirecTV to stop creating diversions and instead prioritize their customers by finalizing a deal that would allow their subscribers to watch our strong upcoming lineup of sports, news and entertainment programming, starting with the return of Monday Night Football,&#8221; said a Disney spokesperson in an emailed message to Benzinga.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The blackout has impacted DirecTV&#8217;s 11.3 million subscribers, barring them from watching&nbsp;most college football games and&nbsp;the final week of the&nbsp;U.S. Open tennis tournament. 
DirecTV subscribers could also be missing the presidential debate between Donald Trump and Kamala Harris scheduled for Sept. 10. 2024 at 9 pm EDT.
This development follows <a href="https://www.benzinga.com/news/24/08/40314001/directv-transforms-into-streaming-service-satellite-dish-no-longer-needed">DirecTV's shift to a streaming model</a>, removing the need for a satellite dish to access its content. The company has been marketing its pay-TV package, which no longer requires a satellite dish.
Meanwhile, Disney reported solid<a href="https://www.benzinga.com/news/earnings/24/08/40218880/disneys-q3-earnings-revenue-and-eps-beat-streaming-business-turns-profitable-strong-espn-revenue-bo"> third-quarter earnings last month</a>, posting a 4% year-over-year revenue increase to $23.16 billion, fueled by subscription revenue growth from price hikes and an expanding Disney+ Core customer base.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via DirecTV
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Disney Accused Of 'Bad Faith' Negotiations By DirecTV In FCC Complaint Ahead Of Trump-Harris Debate (UPDATED)

In a recent X exchange, billionaire investor Mark Cuban challenged Trump advisor Stephen Miller on the financial and societal impacts of their immigration and tariff policies.
What Happened: On Sunday, Cuban took to X to question Miller&#8217;s stance on immigration, specifically the financial implications of deporting 20 million people. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Help me out Stephen. Can you provide specific details on his immigration and deportation plans ? I've just heard soundbites The same question on tariffs. Can you provide detailed specifics ? <a href="https://t.co/xeHmP6lAi0">https://t.co/xeHmP6lAi0</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1832847894380171588?ref_src=twsrc%5Etfw">September 8, 2024</a></blockquote>
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He asked, &#8220;Have you done any modeling of the financial impact of deporting 20 million people?&#8221; and expressed concern about the potential decline in GDP.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thanks for the immigration details. Just as you, the Immigration Czar, has espoused before Which leads to a question Have you done any modeling of the financial impact of deporting 20 million people ? Are you concerned that when he learns that the USA could lose 10m plus… <a href="https://t.co/oBVEJP1g8P">https://t.co/oBVEJP1g8P</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1832896873855946894?ref_src=twsrc%5Etfw">September 8, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/40761709/anthony-scaramucci-trump-will-lose-then-start-panicking-over-november-sentencing?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci: Trump Will Lose, Then &#8216;Start Panicking&#8217; Over November Sentencing</a>
Cuban also questioned the execution of the deportation plan and the societal impact of a &#8220;stop and deport&#8221; or &#8220;knock and deport&#8221; policy. He further probed Miller on tariff-related talks, asking for clarification on how Trump would &#8220;tax foreign nations&#8221;.
In response, Miller outlined Trump&#8217;s immigration plans in detail, mentioning strategies such as deploying Title 42/Safe 3rds/Remain in Mexico/Asylum Bars, finishing the wall, and launching a DOD embargo of drug vessels from South America. He also encouraged Cuban to watch Trump&#8217;s policy speech at the New York Economic Club for more information on tariff and trade policy.
Miller served as a director of speechwriting at the Trump white house. He has often been described as anti-immigration. He helped write Trump&#8217;s inaugural address.
Why It Matters: Cuban recently shared concerns on X about Trump&#8217;s <a href="https://www.benzinga.com/news/24/08/40643937/mark-cuban-wants-someone-to-explain-to-him-how-trump-would-tax-a-foreign-nation">plan to impose tariffs</a> on foreign goods, warning that businesses like Walmart would pass the costs onto consumers. Economists, including Paul Krugman, argued that these tariffs could raise prices and harm the majority of Americans.
The &#8220;Shark Tank&#8221;-fame billionaire&#8217;s questioning comes in the context of his recent support for Vice President Kamala Harris&#8217; economic policies, which he praised for being pro-business. <a href="https://www.benzinga.com/news/24/09/40745014/kamala-harris-is-pro-business-mark-cuban-says-vice-presidents-centre-100-policies-differ-from-bidens">Cuban highlighted the differences between Harris and Biden&#8217;s policies</a>, and defended Harris&#8217;s campaign strategy, <a href="https://www.benzinga.com/news/24/09/40743718/mark-cuban-says-kamala-harris-is-simply-doing-what-trump-did-in-2016-its-her-party-she-gets-to-set-t">drawing parallels with Trump&#8217;s 2016 campaign</a>.
Earlier, Elon Musk commented that <a href="https://www.benzinga.com/24/09/40670029/elon-musk-marvels-at-the-tenacity-of-his-stupidity-after-mark-cubans-poll-debacle-it-is-a-marvel-to">he was amazed</a> at the &#8220;tenacity&#8221; of Cuban&#8217;s stupidity in holding a poll among his followers asking them to choose between Trump and Harris.
Read Next: <a href="https://www.benzinga.com/news/24/09/40764734/mary-trump-donald-trump-could-be-incredibly-dangerous-why-muted-mic-wont-be-advantage-for-ex-preside?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mary Trump: Donald Trump Could Be &#8216;Incredibly Dangerous&#8217;: Why Muted Mic Won&#8217;t Be Advantage For Ex-Preside</a>

Mark Cuban Asks Trump Advisor: 'Done Any Modeling Of The Financial Impact Of Deporting 20 Million People?'

Walt Ehmer, the president and CEO of Waffle House, has <a href="https://drupal-cloudfront.benzinga.com/topic/waffle-house">died at the age of 58</a>, Ehmer, who joined Waffle House in 1992, quickly advanced to senior leadership roles. He became president in 2002 and later took on the titles of CEO and chairman, as noted by Georgia Tech University.
What Happened: The board of directors for Waffle House stated on Sunday that Ehmer died after a long illness. "He will be greatly missed by his entire Waffle House family," the statement read.
Ehmer also served as chair of the Georgia Tech Alumni Association Board of Trustees from 2012 to 2013 and was involved with several organizations, including the Georgia Tech Foundation Board and the Georgia Tech Advisory Board.
The Waffle House chain, established in 1955, now operates over 1,900 locations across 25 states. 
See Also: <a href="https://www.benzinga.com/general/entertainment/24/08/40413674/nba-legend-shaq-missed-his-tesla-cybertruck-so-much-instead-of-shipping-it-from-vegas-to-at?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Missed His Tesla Cybertruck So Much, Instead Of Shipping It From Vegas To Atlanta, He Reportedly Ordered One More</a>
Why It Matters: Waffle House has been a significant part of American culture, often serving as a meeting point for various important events. For instance, President Joe Biden visited a Waffle House in the Atlanta area <a href="https://www.benzinga.com/news/24/06/39542956/this-is-where-joe-biden-went-after-being-outperformed-by-donald-trump-in-presidential-debate">after a CNN debate</a> where he was outperformed by former President Donald Trump. 
Additionally, Waffle House has been a launchpad for significant business ideas. Alexis Ohanian, co-founder of Reddit, mentioned that the inception of Nvidia Corp at Denny's, which led to a trillion-dollar company, surpasses his own <a href="https://www.benzinga.com/news/24/02/37299226/alexis-ohanian-says-jensen-huangs-trillion-dollar-nvidia-brainwave-at-dennys-is-better-than-his-bill">billion-dollar Reddit launch at Waffle House</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40723974/steve-jobs-once-said-management-consultants-bring-very-little-value-compared-to-business-owners-you?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Steve Jobs Once Said Management Consultants Bring Very Little Value Compared To Business Owners: &#8216;You Only Learn A Fraction Of What You Could…You Never Really Get 3-Dimensional&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Restaurants

Management

Waffle House CEO Walt Ehmer Passes Away At 58

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.
What Happened: Musk, known for his candid remarks, took to X on Sunday to express his amusement at the political turn of events. He reacted to a post by journalist Glenn Greenwald with a face with tears of joy emoji.
Greenwald&#8217;s post read, &#8220;Aside from calling Dick Cheney a fascist, racist, war profiteering war criminal, liberals also claimed he only became Vice President because the Supreme Court stole the 2000 election for him. Now they&#8217;re all proclaiming that Cheney supports Kamala to save American democracy.&#x1f602;&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f602;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1832899939283685772?ref_src=twsrc%5Etfw">September 8, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/40732412/mark-cuban-in-sec-shark-tank-investor-says-he-told-team-harris-to-put-his-name-for-key-role-it-needs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban In SEC? &#8216;Shark Tank&#8217; Investor Says He Told Team Harris To Put His Name For Key Role: &#8216;It Needs</a>
This post came after <a href="https://www.benzinga.com/news/24/09/40758275/former-vice-president-dick-cheney-backs-kamala-harris-says-trump-is-a-greater-threat-to-our-republic">Cheney announced his intention to vote for Harris</a> in the upcoming presidential elections, stating that Trump is a &#8216;greater threat to our republic&#8217; than any other individual.
Separately, Liz Cheney, a former congresswoman from Wyoming and daughter of Dick Cheney, called Trump a &#8220;catastrophe,&#8221; according to a <a href="https://www.theguardian.com/us-news/article/2024/sep/08/liz-cheney-trump-catastrophe">report</a> from The Guardian. She also urged her fellow Republicans to vote for Harris.
Why It Matters: Cheney&#8217;s endorsement comes at a crucial time as Harris and Trump are nearly tied in the latest poll conducted by The New York Times/Siena College. This sets the stage for a riveting presidential debate on Tuesday night. <a href="https://www.benzinga.com/news/24/09/40764532/trump-vs-harris-candidates-tied-in-key-poll-as-crucial-debate-nears">The candidates are neck and neck</a> in the race to the White House.
Interestingly, Trump had previously announced his intention to appoint Musk to a government efficiency commission if elected. <a href="https://www.benzinga.com/government/24/09/40739165/trump-plans-to-appoint-elon-musk-to-government-efficiency-commission-if-elected-tesla-ceo-says-hell">Musk had agreed to take up the role</a>, stating he would do it for free.
Photo courtesy: Shutterstock
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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>

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

The forthcoming Tuesday debate is seen as a crucial juncture for ex-President Donald Trump in the presidential contest. However, there is growing apprehension among Republicans that Trump may undermine his own chances by resorting to personal attacks on Vice President Kamala Harris.
What Happened: Trump&#8217;s advisers and key GOP officials have been encouraging him to concentrate on critiquing Harris&#8217;s policy record. Despite this advice, Trump has shown a propensity for personal attacks, <a href="https://www.politico.com/news/2024/09/07/trump-allies-debate-fears-00177809">reported</a> Politico.
Former House Speaker Newt Gingrich expressed hope that Trump would maintain composure during the debate, highlighting his presidential experience. 
&#8220;I think, I hope, what he'll do is be a guy who's been a real president — while she has been kind of a semi-vice president — and a guy who knows all the world leaders, and a guy who has been through an enormous amount, and just be calm and steady and stick to the real differences,&#8221; said Gingrich.
However, Republican strategist Tricia McLaughlin expressed doubts about Trump&#8217;s ability to avoid personal attacks, particularly if he feels threatened.
&#8220;I think — I pray — he can be disciplined,&#8221; said McLaughlin.
Trump&#8217;s past remarks have also raised eyebrows. He has previously claimed that he has a &#8220;right to personal attacks&#8221; on Harris, and has been resistant to curbing his criticism. This approach has been cautioned against by Republicans, including Sen. Lindsey Graham (R-S.C.), who emphasized the importance of focusing on policy debate over trading barbs.
Trump&#8217;s debate preparation team includes Rep. Matt Gaetz (R-Fla.), and advisers Chris LaCivita, Susie Wiles and Jason Miller. Despite this, a Trump campaign official suggested that preparations are minimal, with Trump reviewing policy specifics to contrast his tenure with Harris&#8217;s vice presidency.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40754141/trumps-attorney-general-william-barr-accuses-biden-harris-admin-of-politicizing-cannabis-legaliz?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Attorney General William Barr Accuses Biden-Harris Admin Of Politicizing Cannabis Legalization, &#8216;Ignoring Legal Standards, Scientific Evidence&#8217;</a>
Why It Matters: The upcoming debate is crucial as a recent poll by <a href="https://www.benzinga.com/news/24/09/40764532/trump-vs-harris-candidates-tied-in-key-poll-as-crucial-debate-nears">The New York Times/Siena College</a> shows Trump and Harris nearly tied. 
The debate has also been surrounded by controversy, with Trump <a href="https://www.benzinga.com/news/24/09/40764371/trump-vs-harris-the-controversy-over-no-artificial-lifts-rule-in-tuesday-debate-a-form-of-cheating">expressing his disapproval</a> of the &#8220;no artificial lifts&#8221; rule. The rules have also forced the Harris team to rethink their strategy, as candidates <a href="https://www.benzinga.com/24/09/40760950/this-debate-rule-forces-kamala-harris-team-to-rethink-strategy-the-rule-will-serve-to-shield-donald">will be muted</a> while their opponents are speaking. 
As the debate nears, it is uncertain whether Trump will heed his allies&#8217; advice and focus on policy differences and his record, rather than resorting to personal attacks.
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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 Allies Worry He Might Sabotage His Debate Performance: 'I Pray — He Can Be Disciplined'

Editor&#8217;s note: The article has been updated to reflect the correct link to Sen. Vance&#8217;s C-Span comments.
As part of <a href="https://www.benzinga.com/topic/j-d-vance">JD Vance</a><a href="https://www.benzinga.com/topic/j-d-vance">'s</a> campaign tour across Arizona this last week, the Ohio senator and Republican VP candidate spoke at the Generation Church in Mesa in an event co-hosted by <a href="https://drupal-cloudfront.benzinga.com/topic/charlie-kirk">Charlie Kirk</a>, the conservative talk show host and founder of Turning Point USA.
The fireside chat-style conversation quickly turned to one of Arizona's hottest topics and major issues: the southern border, viewed as the corridor for mass entry into the U.S. of illegal migrants as well as drugs, mostly the deadly synthetic opioid <a href="https://www.benzinga.com/topic/fentanyl">fentanyl</a>. 
Vance praised former President Donald Trump's <a href="https://drupal-cloudfront.benzinga.com/topic/remain-in-mexico">"Remain in Mexico" policy</a> and the fact that he [Trump] "actually deported people and did not let them take advantage of our asylum process."
Vance <a href="https://www.c-span.org/video/?538121-1/senator-jd-vance-speaks-mesa-arizona-church">told</a> the gathering that when President Joe Biden came to power, VP Kamala Harris undid Trump's border policy leading to "the border catastrophe we have now." The results of which, Vance said, have enabled Mexican cartels to smuggle drugs into the U.S. 
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40754141/trumps-attorney-general-william-barr-accuses-biden-harris-admin-of-politicizing-cannabis-legaliz">Trump&#8217;s Attorney General William Barr Accuses Biden-Harris Admin Of Politicizing Cannabis Legalization, &#8216;Ignoring Legal Standards, Scientific Evidence&#8217;</a>
<h2 class="wp-block-heading">And Now…Kamala Harris Is Letting Cartels ‘Sex Traffic Children'</h2>
Yeah, you heard that right. "We have American citizens right now who are dying of fentanyl overdoses that the Mexican cartels brought into our communities," Vance said, casually adding that "We have thousands of missing children because Kamala Harris has left the cartels sex traffic minors in our own country."
Fact Check: According to the Department of Justice's&nbsp;<a href="https://bjs.ojp.gov/document/htdca23.pdf" target="_blank" rel="noreferrer noopener">2023 report</a>, of the 1,197 defendants charged with child sex trafficking in the U.S., 95% of them were US citizens, with the vast majority being white males.
Vance shared a personal story with Kirk and the audience about his mother who suffered from opioid addiction. "But imagine Charlie if the poison that Kamala Harris is letting come across the border today had been coming across 15 years ago, I don't think I would have gotten that second chance with my mom."
Vance recently <a href="https://www.benzinga.com/markets/cannabis/24/08/40438757/jd-vance-says-theres-fentanyl-in-marijuana-teenagers-are-using-trump-running-mate-raises-eyebrow">claimed</a> that fentanyl-laced marijuana is widely prevalent is the U.S. 
Another quick fact check: The DEA has confirmed that drug dealers have been&nbsp;<a href="https://www.dea.gov/factsheets/fentanyl" target="_blank" rel="noreferrer noopener">mixing fentanyl with other drugs</a>, though the agency&nbsp;<a href="https://www.dea.gov/resources/facts-about-fentanyl" target="_blank" rel="noreferrer noopener">has not issued</a>&nbsp;any alerts or warnings about fentanyl being found in marijuana.
That said, fentanyl remains the&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/01/36707665/dea-seizes-largest-amount-of-fentanyl-in-its-history-386m-lethal-doses-enough-to-kill-every-amer" target="_blank" rel="noreferrer noopener">leading cause of death</a>&nbsp;among Americans between the ages of 18 and 45. According to the National Institute on Drug Abuse, more than 107,000 people died from a&nbsp;<a href="https://www.benzinga.com/markets/cannabis/22/12/30022658/this-new-fentanyl-overdose-reversal-drug-is-stronger-than-narcan-heres-why" target="_blank" rel="noreferrer noopener">drug overdose in 2021</a>&nbsp;mainly due to fentanyl. The Centers for Disease Control and Prevention <a href="https://www.benzinga.com/markets/cannabis/23/05/32211957/cdc-report-fentanyl-killed-70k-people-in-2021-nida-director-volkow-says-findings-not-surprising" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;that synthetic opioids, primarily fentanyl, claimed 204 lives daily on average in 2023. 
Sen. Vance&#8217;s comments <a href="https://www.c-span.org/video/?538121-1/senator-jd-vance-speaks-mesa-arizona-church">C-SPAN</a>.
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Photo by Lev Radin on Shutterstock.com

Cannabis

JD Vance Accuses Kamala Harris Of Allowing Cartels To 'Sex Traffic Minors,' Citing Thousands Of Missing Children (UPDATED)

Money can be tricky, especially when figuring out what it means to feel "<a href="https://www.benzinga.com/personal-finance/24/05/39069576/are-you-rich-heres-the-net-worth-you-need-to-be-poor-middle-class-and-wealthy">financially secure</a>." With so many factors at play, it's easy to wonder how you measure up.
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Financial security isn't just having some extra cash in the bank. It's about preparing for life's unexpected twists and ensuring your long-term goals stay on track. That means being able to <a href="https://www.benzinga.com/personal-finance/24/07/39866450/the-average-retiree-spends-over-52-000-a-year-and-75-of-that-goes-to-just-five-expenses-how-does">cover today's needs</a> and still handle whatever the future throws your way.
According to a recent Bankrate survey, many Americans believe they need an annual income of about $186,000 to feel secure, but the reality for most households is quite different. The <a href="https://www.benzinga.com/personal-finance/24/08/40352204/do-you-know-what-salary-it-takes-to-live-comfortably-heres-a-hint-its-much-higher-than-the-avera">median household income</a> sits between $51,500 and $86,000, creating a noticeable gap between what people think they need and what they earn.
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/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
Despite improvements in some areas of the economy, a significant 33% of Americans still feel financially insecure, according to Northwestern Mutual data. This gap between economic growth and personal financial confidence makes it clear that growth on paper doesn't always translate into people feeling secure.
So, what does financial security look like? While it's different for everyone, here are a few common signs:
<ul>
<li>A solid emergency fund covering 3-6 months of expenses</li>
<li>Active retirement savings</li>
<li>Little to no debt</li>
<li>Good insurance coverage</li>
<li>The ability to handle unexpected expenses without breaking the bank</li>
</ul>
It's important to note that getting to this level of security isn't just about having a high salary – it's about smart financial planning. One helpful strategy is the 50/30/20 rule: dedicate 50% of your income to necessities, 30% to things you want, and 20% to savings or paying off debt.
See Also: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
Net worth is another key piece of the puzzle when assessing your financial health. The Federal Reserve's 2022 data gives an idea of average net worth by age group:
• Under 35: $183,500
• 35-44: $549,600
• 45-54: $975,800
• 55-64: $1,566,900
• 65-74: $1,794,600
• 75 and older: $1,624,100
Experts often suggest aiming for a net worth of 3-5 times your annual income by age 45 and 7-9 times by age 65. These are rough guidelines, of course, as everyone's situation differs.
For retirees, having a significant financial cushion is crucial. Financial security in retirement often means having more than $500,000 saved, and many financially secure <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">retirees have well over $1 million</a>.
But remember, financial security isn't just about numbers. It's also about how you feel – being confident that you won't constantly worry about money. The key is to make financial decisions that align with your goals and values.
Building financial security can feel challenging, especially with inflation being a concern for many. But it&#8217;s achievable by planning carefully, saving consistently, and making some lifestyle adjustments.
Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset">How do you compare</a>?
If you're unsure where to start, consider <a href="https://www.benzinga.com/money/are-you-rich">consulting a financial advisor</a>. They can help you create a personalized plan that suits your needs and puts you on the path to security.
Financial security in 2024 is <a href="https://www.benzinga.com/personal-finance/24/08/40515684/labor-economist-warns-americans-get-a-failing-grade-in-retirement-security-says-the-age-of-401-k">more than just a high income</a>. It's about creating a stable foundation to weather life's uncertainties while helping you move toward your long-term goals.
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Personal Finance

Think You're Financially Secure? Here's How Much People Say It Takes To 'Feel' Secure And What You Really Need

In an ongoing high-profile copyright lawsuit, OpenAI, an artificial intelligence research lab, is making efforts <a href="https://www.benzinga.com/news/23/04/31820475/openai-ceo-sam-altman-responds-to-letter-from-elon-musk-and-others-calling-for-pause-on-ai-research">to keep the files of its former co-founder, Ilya Sutskever, confidential</a>.
What Happened: There is a disagreement between the lawyers of the Author&#8217;s Guild and OpenAI over which files should be included in the discovery process of the lawsuit. 
OpenAI has raised objections to the inclusion of six of its current and former employees as &#8220;custodians&#8221; in the lawsuit, a term that refers to individuals who have relevant evidence for the discovery process.
The individuals in question include former co-founder and chief scientist Sutskever, pretraining data lead Qiming Yuan, technical staff members Jong Wook Kim and Shantanu Jain, former research scientist Cullen O&#8217;Keefe, and former science communicator Andrew Mayne. Lawyers are of the opinion that Sutskever possesses documents that are relevant to the lawsuit, but OpenAI has not publicly stated why it is against their inclusion in the discovery process.
The lawyers of the Author&#8217;s Guild are now calling on the judge to step in and force OpenAI to include these individuals as custodians. 
Also Read: <a href="https://www.benzinga.com/news/24/07/39763462/whistleblowers-accuse-openai-of-hindering-staff-from-reporting-ai-risks">Whistleblowers Accuse OpenAI Of Hindering Staff From Reporting AI Risks</a>
OpenAI, on the other hand, has asked for a complete redaction of all six exhibits attached to the letter, arguing that they contain proprietary source code and detailed processes for training and testing ChatGPT models.
The lawsuit is one of several that claim OpenAI violated copyright laws by using millions of books to train its AI models. Among the notable plaintiffs are authors George R. R. Martin, Jonathan Franzen, and David Baldacci.
Why It Matters: This lawsuit is significant as it brings to light the complex issues surrounding the use of copyrighted materials in training AI models. 
The outcome of this case could set a precedent for future lawsuits of a similar nature. OpenAI&#8217;s efforts to keep certain documents confidential could be seen as an attempt to protect its proprietary technology and processes, highlighting the competitive and secretive nature of the AI industry. 
The inclusion of high-profile authors as plaintiffs underscores the potential impact of AI on creative industries and raises questions about the ethical use of copyrighted works in AI development.
Read Next
<a href="https://www.benzinga.com/news/24/03/37440684/openais-sam-altman-has-an-estimated-2-billion-net-worth-and-much-of-it-doesnt-come-from-ai" target="_blank" rel="noreferrer noopener">OpenAI's Sam Altman Has An Estimated $2 Billion Net Worth — And Much Of It Doesn't Come From AI</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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What's The Secret? OpenAI Is Battling To Keep Co-Founder's Files Confidential, Here's Why

Donald Trump has suggested a revision to the 25th Amendment, which would enable the impeachment of a vice president <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">suspected of covering up a president&#8217;s incapacity</a>.
What Happened: Trump put forth this proposal during a rally in Mosinee, Wisconsin on Saturday. The former president, along with his supporters, has been vocal in their criticism of President Joe Biden, questioning his mental fitness for office. They have also accused Vice President Kamala Harris of hiding this alleged incapacity.
The 25th Amendment of the U.S. Constitution details the line of succession if the president dies or becomes incapacitated. It provides for the vice president to take over the presidency if the president dies, resigns, or is impeached.
"If you do that with a cover-up of the president of the United States, it's grounds for impeachment immediately and removal from office, because that's what they did," CNN <a href="https://edition.cnn.com/2024/09/07/politics/trump-modify-25th-amendment-harris-biden/index.html">quoted</a> Trump saying at the rally.
"We're run by stupid people — stupid, stupid people," Trump said on Saturday. "And we found that out at the debate with Joe. How did that work out?"
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>
Trump advocated for a modification to the 25th Amendment that would allow for the immediate impeachment and removal from office of a vice president who &#8220;lies or engages in a conspiracy to cover up the incapacity of the president of the United States.&#8221;
Trump&#8217;s suggestion to modify the 25th Amendment brings to mind previous efforts to remove him from office. Following the January 6, 2021 attack on the Capitol, some members of his Cabinet had considered invoking the 25th Amendment to oust him.
Read Also
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<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent090824" 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>
Why It Matters: Trump&#8217;s proposal, if implemented, could significantly alter the dynamics of the U.S. presidency and the role of the vice president. 
The 25th Amendment, as it stands, provides a clear line of succession to ensure continuity of leadership. However, adding a provision for the impeachment of a vice president could introduce a new layer of complexity and potential instability. 
It remains to be seen how this proposal will be received by lawmakers and the public.
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 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Wikimedia Commons

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