Vanguard U.S. Multifactor ETF (BATS: VFMF)

Latest news for Vanguard U.S. Multifactor ETF (BATS:VFMF)

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The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of its assets will be invested in securities issued by U.S. companies.

American International Gr

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Mueller Industries Inc

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Abbvie Inc.

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Don&#39;t Overlook This Multi-Factor ETF

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Mullen Provides Update On $210M UAE Order, Delivers First EV Vehicles To Volt Mobility In Dubai With Plans For 3,000 More In 2025

Morgan Stanley analyst Tejas Savant maintains Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) with a Overweight and raises the price target from $655 to $680.

Price Target

Morgan Stanley Maintains Overweight on Thermo Fisher Scientific, Raises Price Target to $680

RBC Capital analyst Kaan Peker reiterates Arcadium Lithium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) with a Outperform and maintains $3.1 price target.

Reiteration

ALTM

RBC Capital Reiterates Outperform on Arcadium Lithium, Maintains $3.1 Price Target

By <a href="https://roboforex.com/beginners/analytics/forex-forecast/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_20092024&amp;utm_content=analysis&amp;utm_term=forecast">RoboForex Analytical Department</a>
The AUD/USD pair has climbed to a new peak, reaching 0.6815, marking the highest level since 28 December of the previous year. This strength in the Australian dollar is partly due to the aggressive rate cuts by the US Federal Reserve, which has spurred expectations that other central banks might also ease monetary policies, enhancing the economic outlook and fuelling a rally in riskier assets.
This week, Australian employment data significantly outperformed expectations, showing a 47.5k increase in jobs for August, far exceeding the forecasted 25.0k. This robust job growth has kept the unemployment rate steady at 4.2%. Despite this positive economic indicator, the main expectation is that the Reserve Bank of Australia (RBA) will maintain its interest rate at the current level in its upcoming meeting, with analysts predicting no changes to monetary policy until at least December and possibly not until Q2 of next year. The RBA&rsquo;s cautious approach to inflation underscores its strategy of not taking decisive action until there is apparent necessity.
Given the current favourable risk environment, the AUD could reach even higher levels soon.
<h3>AUD/USD&nbsp;Technical Analysis</h3>
<a href="https://www.benzinga.com/files/u117641/audusdh4_17.png"><img alt="" src="https://www.benzinga.com/files/u117641/audusdh4_17.png" style="height:275px; width:624px" /></a>
The AUD/USD market is advancing in the fifth wave of growth towards 0.6855. This target will likely be reached soon, followed by a corrective movement to 0.6790, testing it from above. This could define the upper boundary of a new consolidation range. Should the pair break below this range, a further decline to 0.6736 might ensue, potentially signalling the start of a new downward trend towards 0.6640, with a continuation to 0.6590. The MACD indicator, currently at its highs and directed upwards, supports this bullish scenario in the short term.
<a href="https://www.benzinga.com/files/u117641/audusdh1_15.png"><img alt="" src="https://www.benzinga.com/files/u117641/audusdh1_15.png" style="height:275px; width:624px" /></a>
On the H1 chart, AUD/USD is forming a growth structure towards 0.6855. A short rise to 0.6848 is expected, followed by a slight decline to 0.6825. Upon completion of this minor correction, another growth phase towards 0.6855 is anticipated, which could exhaust the potential of the current growth wave. The Stochastic oscillator, with its signal line above 50 and pointing upwards, corroborates the likelihood of continued upward movement before any significant pullback.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

AUD/USD Reaches New Heights As Risk Sentiment Improves

Loop Capital analyst Anthony Chukumba reiterates Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) with a Buy and maintains $110 price target.

OLLI

Loop Capital Reiterates Buy on Ollie's Bargain Outlet, Maintains $110 Price Target

RBC Capital analyst Scott Heleniak maintains Arthur J. Gallagher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>) with a Outperform and raises the price target from $310 to $320.

RBC Capital Maintains Outperform on Arthur J. Gallagher, Raises Price Target to $320

TELUS Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tu#NYSE">TU</a>) is set to launch SmartEnergy, a unique solution designed to help customers save on energy bills and minimize their environmental impact, all through an easy-to-use app that offers attractive incentives on smart devices. This service is now accessible to all Canadians outside Quebec for C$12 per month, and new subscribers can get a smart thermostat and two smart plugs for a one-time fee of C$25, saving over C$250.
The SmartHome+ app leverages AI and real-time insights to help users automate their daily routines, track energy consumption and control all connected devices &mdash; new and existing &mdash; from one convenient interface, added TELUS.
Using TELUS&#39; SmartHome+ app, subscribers can connect compatible smart devices like thermostats and plugs to save up to 15% on energy bills through automated temperature adjustments, switching off unused devices and personalized routines. They can also monitor their energy consumption with insights over various periods, along with tips for maximizing savings. Additionally, subscribers can participate in energy-saving events that ease the load on the energy grid during peak times by automatically powering down devices or adjusting thermostat settings, all while earning TELUS Rewards for their contributions to sustainability.
TELUS plans to further expand the range of smart devices compatible with the SmartHome+ app to include EV chargers and home solar systems, enabling customers to access more savings while managing their home automation, security and Internet services easily. The company is also collaborating with Canadian utilities to support grid demand response programs, which are essential during extreme weather conditions that increase demand and may lead to shortages or outages.
<div class="chart_embed">
<h3>TELUS Corporation Price and Consensus</h3>
<img alt="TELUS Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/6a/1726755546.png" style="height:265px; width:574px" title="" />
TELUS Corporation price-consensus-chart | TELUS Corporation Quote
</div>
<h2>TELUS Focused on Driving Sustainability &nbsp;</h2>
TELUS actively supports environmental sustainability and is planting four trees annually for each SmartEnergy subscriber. Over the last two decades, the company has planted a total of 12.7 million trees and has remained dedicated to restoring forests for the benefit of both present and future generations.
The company aims to source 100% of its electricity from renewable or low-emission sources by 2025 and enhance energy efficiency by 50% by 2030 compared to 2019 levels. Its goal is to become a net carbon-neutral company by 2030 or sooner.
Earlier this month, the company joined forces with the Quebec Artificial Intelligence Institute, Mila, to advance artificial intelligence technology for societal good. This partnership will allow both organizations to explore cutting-edge AI innovations and assess their potential effects on various industries, benefiting customers in Canada. TELUS also holds the Outstanding Organization prize from the Responsible AI Institute for its dedication to fostering trust and benefiting society.
Vancouver, British Columbia-based TELUS is one of the leading telecom carriers in Canada (the largest in western Canada), with more than C$20 billion in annual revenues and 19 million customer connections. It provides wireless, wireline and Internet communications services for voice and data to businesses and consumers.
<h2>TU&#39;s Zacks Rank &amp; Stock Price Performance</h2>
TU currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 3.3% in the past year compared with the sub-industry&#39;s growth of 7.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/41/78493.jpg?v=1170747498" />
Image Source: Zacks Investment Research
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader technology space are Manhattan Associates, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/manh#NASDAQ">MANH</a>), ANSYS, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>) and American Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amswa#NASDAQ">AMSWA</a>). MANH presently sports a Zacks Rank #1 (Strong Buy), whereas ANSS &amp; AMSWA carry a Zacks Rank #2 (Buy) each.
Manhattan Associates delivered an earnings surprise of 26.6%, on average, in the trailing four quarters. In the last reported quarter, MANH pulled off an earnings surprise of 22.9%. The Zacks Consensus Estimate for MANH has increased 9.2% to $4.26 in the past 60 days.
ANSYS delivered an earnings surprise of 4.8%, on average, in three of the trailing four quarters. In the last reported quarter, ANSS pulled off an earnings surprise of 28.9%. It has a long-term earnings growth expectation of 6.4%.
American Software delivered an earnings surprise of 84.5%, on average, in the trailing four quarters. In the last reported quarter, AMSWA pulled off an earnings surprise of 71.4%. The Zacks Consensus Estimate for AMSWA has increased 8.6% to 38 cents in the past 60 days.
<a href="https://www.zacks.com/stock/news/2338734/telus-unveils-new-smartenergy-solution-to-boost-sustainability?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2338734">To read this article on Zacks.com click here.</a>

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TELUS Unveils New SmartEnergy Solution to Boost Sustainability

Shipping giants FedEx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and United Parcel Service, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) shares are trading lower Friday after FedEx reported worse-than-expected quarterly results and cut its <a href="https://www.benzinga.com/news/earnings/24/09/40948046/fedex-q1-earnings-revenue-miss-eps-miss-lowered-guidance-challenging-quarter">fiscal-year&nbsp;guidance on Thursday.&nbsp;</a>
The Details:
FedEx reported first-quarter revenue and earnings below analyst expectations following Thursday's closing bell. The company said its operating results fell during the "challenging quarter" due to lower U.S. domestic priority package volume and increased wage and purchased transportation rates.&nbsp;
Additionally, FedEx revised its full-year outlook lower with full-year 2025 revenue now expected to grow in the low single-digit range.&nbsp;
Read Next:<a href="https://www.benzinga.com/news/earnings/24/09/40948948/homebuilder-lennar-reports-better-than-expected-q3-results-details"> Homebuilder Lennar Reports Better-Than-Expected Q3 Results: Details</a>
Morgan Stanley analyst Ravi Shanker <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">downgraded </a>FedEx stock from Equal-Weight to Underweight and lowered the price target from $215 to $200 following the print. Baird maintained its Outperform rating, but lowered the price target from $340 to $320.
Shipping-peer UPS's shares are moving lower Friday in sympathy with FedEx following the company's disappointing quarterly report and soft guidance. UPS will report its third-quarter results at the end of October.&nbsp;
<h3 class="wp-block-heading">Will FDX Stock Go Up? </h3>
When trying to assess whether or not FedEx will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $318.26 on FedEx. The Street high target is currently at $359 and the Street low target is $200. Of all the analysts covering FedEx, 16 have positive ratings, 2 have neutral ratings and one has a negative ratins.
In the last month, 6 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering FedEx have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. FedEx is 19.09% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about FedEx, visit <a href="https://www.benzinga.com/quote/FDX">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
FDX, UPS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, FedEx shares are down 13.2% at $260.92 and United Parcel Service shares are down 2.67% at $128.60 at the time of publication Friday. 
Read Also:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40944577/whats-going-on-with-bitcoin-miner-cleansparks-stock">What&#8217;s Going On With Bitcoin-Miner CleanSpark&#8217;s Stock?</a></li>
</ul>
Image: Shutterstock

Movers

Shipping Giants FedEx, UPS Stocks Slip Friday: What's Going On?

Editor&#8217;s Note: The article has been updated to reflect the correct company, Viking Holdings Ltd.
On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer recommended buying Viking Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>). &#8220;This is a really fine company, and it will do well for multiple years because they have many <a href="https://www.benzinga.com/quote/VKTX/news">ships coming in,&#8221; he added.</a>
On Sept. 11, JPMorgan analyst Hardik Parikh initiated coverage on Viking Therapeutics with an Overweight rating and a December 2025 price target of $80, which implies a potential 45% upside from its current price of $54.65.
Gentex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) is &#8220;too closely related to autos, and autos have been hurt so bad. And I don't see a quick turn. We're going to need several Fed rate cuts before they turn,&#8221; Cramer said.
On July 26, the company reported second-quarter earnings per share of 37 cents, but it missed the street view of 52 cents. Quarterly sales of $572.93 million missed the analyst consensus of $622.79 million.
The Mad Money host said Cadre Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDRE#NYSE">CDRE</a>) is a &#8220;good simple story.&#8221;
On Aug. 9, Cadre Hldgs reported quarterly earnings of 31 cents per share which beat the analyst consensus estimate of 27 cents per share. The company reported quarterly sales of $144.31 million which beat the analyst consensus estimate of $142.05 million.
&#8220;Something's the matter with Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>),&#8221; Cramer said. &#8220;I want to know what's wrong.&#8221;
On Sept. 19, Celsius Holdings appointed Hans Melotte to the company&#8217;s Board of Directors.
Price Action:
<ul>
<li>Viking shares gained 5.8% to settle at $68.16 on Thursday.</li>
<li>Gentex shares gained 1.8% to close at $29.82 during the session.</li>
<li>Cadre shares gained 2.4% to close at $37.36 during Thursday's session.</li>
<li>Celsius shares fell 0.6% to settle at $34.07 on Thursday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40948972/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>

Media

CDRE

CELH

GNTX

Jim Cramer: Viking Has 'Many Ships Coming In' (CORRECTED)

R1T, the first electric pickup to hit the road, was the showpiece that launched Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>). But considering that the&nbsp;R1S SUV&nbsp;became the signature vehicle Rivian got known for, launching the world&rsquo;s first electric pickup wasn&rsquo;t enough to launch Rivian among the EV stars. Even Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) couldn&rsquo;t repeat its F-150 best-selling success on the EV front. Not to mention the EV king, Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), who&nbsp;successfully launched the Cybertruck after quite a bit of delays, only to face a new set of challenges. Even Tesla ended up short on the electric pickup front, with Cybertruck sales being pale compared to Model Y and Model 3. To sum it up, SUVs won against pickups in the EV race. For now.
Putting it simply, a larger EV means a less efficient EV. To move around, a heavier vehicle needs more energy and therefore, huge batteries. Rivian somewhat solved this equation with R1T&nbsp;that has the range option of&nbsp;420 miles, but it requires a huge and expensive battery pack. Stellantis N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>) is claiming its all-electric Ram 1500 REV pickup will outperform its competitors with range, towing, payload, and charging times.&nbsp;Scheduled to arrive to dealerships early next year, this will be Ram&rsquo;s first electric pickup.&nbsp;2025 1500 REV&nbsp;will come with two battery options, resulting in targeted ranges of&nbsp;350-miles and up to 500 miles.&nbsp;This means Stellantis will leave behind not only Rivian, but also the pickup king, Ford and its 2024 Lightning, whose extended range of 320 miles, and the EV king, Tesla, whose Cybetruck has en estimated driving range of 340 miles. However, it&rsquo;s no secret that Stellantis is also struggling, both in North America and in Europe, with Chinese EV makers setting up shop as they continue to expand their global footprint. But, despite challenges and weak results for the first half of the year, including a profit dive of 48%, Stellantis is not giving up. Earlier this month, it revealed its plans to invest $406 million to retool three Michigan plants for EV production. But also, it is slowing down as a week ago, it decided to pause the production of electric Fiat 500 model for four weeks, with the plant in Turin will undergo a significant transformation, involving an investment of &euro;100 million, being equipped for developing a hybrid version of the model. Therefore, Stellantis is yet to fulfill its electric pickup promise.&nbsp;
<h3>The Good News Is That All Electric Pickups Just Got Some Solar Power</h3>
Meanwhile, Worksport Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>), an innovative maker of hybrid and clean energy solutions for light trucks and global consumer goods, just initiated the Alpha Launch of its solar-power duo that pickups can greatly benefit from. Its off-grid power on the go duo consists of SOLIS solar-powered tonneau cover and COR mobile battery power generator. Worksport is planning to bring this innovative system to market in three phases, beginning with the Alpha release, followed by the Beta release and ultimately, a full-scale market launch. The initial Alpha release of its cutting-edge nano-grid system has officially been initiated, with Worksport announcing that approximately 100 systems have been set for rigorous testing and public exposure.&nbsp;Worksport already revealed that the SOLIS will be available for major truck brands including Ford, General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) and the Hyundai Motor Company (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>). In addition, Worksport revealed earlier this month successful lab test results of the portable COR battery system as a range extender for Tesla, namely its Model 3 and Cybertruck.
Therefore, the above examples show that as technologies improve and economies of scale emerge, electric pickups will be in a much more favorable position in the future.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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HYMTF

RIVN

STLA

TSLA

WKSP

Electric Pickups Just Got Some Solar Power To Ease Their Struggles

WIIM

Trump Media & Technology Group shares are trading lower, possibly amid the expiration of the lockup period that prevents large shareholders, such as Donald Trump, from selling stocks. Also, 2024 Presidential polls show that Donald Trump is behind rival candidate, Vice President Harris.

RBC Capital analyst Scott Hanold reiterates Chord Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRD#NASDAQ">CHRD</a>) with a Outperform and maintains $200 price target.

CHRD

RBC Capital Reiterates Outperform on Chord Energy, Maintains $200 Price Target

Charles Hoskinson, co-founder of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), has voiced concerns over the new digital assets platform backed by former President Donald Trump and his sons.
What Happened: In an <a href="https://www.ft.com/content/7a497898-38b7-4e84-9e8a-c2469ebafdc1">interview</a> with the Financial Times on Friday, Hoskinson expressed reservations about the Trump-supported venture, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40905315/donald-trumps-new-crypto-project-world-liberty-financial-everything-you-need-to-know">World Liberty Financial</a>. This decentralized finance (DeFi) platform aims to offer financial services without the need for intermediaries such as banks or exchanges.
The Cardano blockchain's founder fears this platform could become a political issue.
&#8220;Trump is launching a DeFi application, and that's scary to me as an industry,&#8221; Hoskinson said.
"Everything Trump does the left hates with such a passion," he stated. "He's taken a bipartisan thing and he's making it partisan." 
He further speculated that Democrats might "attempt to weaponize the institutions of the United States to slow down and damage Trump," potentially leading to investigations by the Department of Justice or the SEC.
Despite Trump's recent outreach to the crypto industry and support from influential crypto investors, Hoskinson doubts that either Trump or Kamala Harris, if elected, would foster a <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40934959/anthony-scaramucci-says-donald-trump-is-a-polarizing-person-but-pulling-democrats-along-on">robust cryptocurrency industry</a> in the U.S.
While in Singapore, Hoskinson lauded the city-state&#8217;s political neutrality and its potential to simplify and embrace decentralized identity, contrasting it with Hong Kong&#8217;s absorption into mainland China&#8217;s political system.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40919168/ethereum-co-founder-says-donald-trump-is-certainly-the-favorite-over-kamala-harris-for-cry">Ethereum Co-Founder Says Donald Trump Is &#8216;Certainly The Favorite&#8217; Over Kamala Harris For Crypto</a>
Why It Matters: The politicization of the crypto industry could lead to a polarized environment, potentially hindering its growth and development. 
Hoskinson&#8217;s concerns highlight the potential risks associated with political involvement in the crypto space. It remains to be seen how these developments will impact the future of the industry.
In a CNBC interview, Hoskinson <a href="https://x.com/StakeWithPride/status/1837000689412719025">highlighted</a> that the world is embracing cryptocurrencies with or without America and is trending towards decentralization.
He highlighted that many from the Trump camp are open to fair regulation and engagement dialogue which is in contrast to the Democratic Party. However, the younger-aged group is open to dialogue about the sense of regulation.
He added "Trump is Trump…he is an anomaly" and a convergence between the two parties should be <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40919168/ethereum-co-founder-says-donald-trump-is-certainly-the-favorite-over-kamala-harris-for-cry">good for crypto regulations</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40671893/ethereum-killer-ada-set-to-get-a-utility-boost-as-cardano-upgrade-chang-goes-live">&#8216;Ethereum Killer&#8217; ADA Set To Get A Utility Boost As Cardano Upgrade &#8216;Chang&#8217; Goes Live</a></li>
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Image: Shutterstock

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

Cryptocurrency

$ADA

$ETH

Ethereum Co-Founder Says Donald Trump's DeFi Platform Is 'Scary' Because 'Everything Trump Does The Left Hates With Such A Passion'

Loop Capital analyst Chris Dankert maintains Atkore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) with a Buy and lowers the price target from $160 to $130.

ATKR

Loop Capital Maintains Buy on Atkore, Lowers Price Target to $130

Olo Reduces Workforce By ~9%; Estimates It Will Incur Charges Of ~$2.2M-$2.6M In Connection With Workforce Reduction, Which Is Expected To Be Incurred Q3

Loop Capital analyst Jeffrey Stevenson maintains Builders FirstSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>) with a Buy and raises the price target from $190 to $230.

BLDR

Loop Capital Maintains Buy on Builders FirstSource, Raises Price Target to $230

APLS

Apellis Pharmaceuticals shares are trading lower after the Committee for Medicinal Products for Human Use of the European Medicines Agency has confirmed its June 2024 negative opinion on the company's intravitreal pepcetacoplan for geographic atrophy secondary to age-related macular degeneration.

Cardinal Health To Acquire Integrated Oncology Network For $1.115B, Expanding Navista Alliance With Over 100 Providers Across 50 Community-Based Sites In 10 States

Friday, Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) released data from the HERCULES phase 3 study of tolebrutinib for non-relapsing secondary progressive multiple sclerosis (nrSPMS).
The <a target="_blank" href="https://www.sanofi.com/en/media-room/press-releases/2024/2024-09-20-09-30-00-2949552" rel="noreferrer noopener">data</a> demonstrated that tolebrutinib delayed the time to onset of 6-month confirmed disability progression (CDP) by 31% compared to placebo (HR 0.69; p=0.0026).
Further analysis of secondary endpoints demonstrated that the number of participants who experienced confirmed disability improvement increased by nearly two-fold, 10% with tolebrutinib compared to 5% with placebo (HR 1.88; nominal p=0.021).
Based on the preliminary analysis of the HERCULES study, there was a slight increase in tolebrutinib-treated patients of some adverse events.
Liver enzyme elevations were observed in 4.1% of participants receiving tolebrutinib compared with 1.6% in the placebo group, a side effect also reported with other BTK inhibitors in MS.
All but one case of liver enzyme elevations were resolved without further medical intervention.
Earlier this month, Sanofi released results from the GEMINI 1 and 2 phase 3 studies of tolebrutinib that did not meet the primary endpoint of reducing annualized relapse rate (ARR) compared to Aubagio (teriflunomide) in relapsing <a target="_blank" href="https://www.benzinga.com/general/biotech/24/09/40684403/sanofi-still-bets-on-multiple-sclerosis-med-tolebrutinib-despite-the-investigational-drug-fell-sh" rel="noreferrer noopener">forms of multiple sclerosis</a>.
However, analysis of the key secondary endpoint of pooled 6-month confirmed disability worsening (CDW) data showed a considerable delay in time to onset, which supports the CDP data observed in HERCULES.
In preliminary analysis of the GEMINI 1 and 2 pooled safety data, adverse events observed between the tolebrutinib and Aubagio arms were generally balanced. Liver enzyme elevations were observed in 5.6% of participants receiving tolebrutinib compared with 6.3% of participants receiving Aubagio.
Study results will form the basis for future discussions with global regulatory authorities, with submissions starting in H2 2024.
The PERSEUS phase 3 study in primary progressive MS is ongoing, with study results anticipated in H2 2025.
Price Action: SNY stock is down 0.53% at $57.95 during the premarket session at last check Friday.
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Image by HJBC via Shutterstock

Biotech

Health Care

Sanofi's Tolebrutinib Delays Disability Progression In Patients With Multiple Sclerosis, Data Shows

Jeff Bezos, Oprah Winfrey and Sandra Bullock top the list of celebrities with the highest number of properties in the U.S., each owning seven properties.
An analysis by real estate investment company SoCal homebuyers reveals that celebrity real estate portfolios are reaching new heights amid a growing trend of wealth diversification through property ownership.
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In terms of value, SoCal homebuyers found that Bezos's portfolio is worth the most at $458.9 million, followed by Jay-Z and Beyoncé, who own five properties worth a total of $315.5 million.
"These <a href="https://www.benzinga.com/real-estate/24/09/40901909/j-los-home-hunt-a-surprising-twist-as-she-considers-property-neighboring-ex-boyfriend-diddy-combs">celebrity portfolios</a> offer valuable lessons for all investors," SoCal homebuyers Co-Founder Doug Van Soest said. "While the scale is impressive, the underlying principles are universal. Diversification, location selection and long-term value appreciation are key, whether you're investing millions or starting with a single property."
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>
<h2 class="wp-block-heading">10 Celebrities With Highest Number Of Properties In U.S.</h2>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Rank</td>
<td>Celebrity</td>
<td>Number of properties</td>
</tr>
<tr>
<td>1</td>
<td>Jeff Bezos</td>
<td>7</td>
</tr>
<tr>
<td>1</td>
<td>Oprah Winfrey</td>
<td>7</td>
</tr>
<tr>
<td>1</td>
<td>Sandra Bullock</td>
<td>7</td>
</tr>
<tr>
<td>4</td>
<td>Leonardo DiCaprio</td>
<td>6</td>
</tr>
<tr>
<td>4</td>
<td>Taylor Swift</td>
<td>6</td>
</tr>
<tr>
<td>6</td>
<td>George Lucas</td>
<td>5</td>
</tr>
<tr>
<td>6</td>
<td>Jay-Z and Beyoncé</td>
<td>5</td>
</tr>
<tr>
<td>6</td>
<td>Kim Kardashian</td>
<td>5</td>
</tr>
<tr>
<td>9</td>
<td>Kylie Jenner</td>
<td>4</td>
</tr>
<tr>
<td>9</td>
<td>Reese Witherspoon</td>
<td>4</td>
</tr>
</tbody>
</table>
</figure>
Source: SoCal homebuyers
Bezos's portfolio includes a $165 million estate in Beverly Hills, California and a $78 million Hawaii resident property, reflecting his penchant for luxury and privacy. The Beverly Hills mansion, formerly owned by media mogul David Geffen, is on nine acres and boasts multiple buildings, a tennis court and a nine-hole golf course.
Trending: Will the surge continue or decline on real estate prices?<a href="https://www.benzinga.com/money/realbricks"> People are finding out about risk-free real estate investing that lets you cash out whenever you want.</a>
<a href="https://www.benzinga.com/real-estate/24/07/40001374/from-bill-gates-to-oprah-winfrey-the-most-lavish-celebrity-homes-revealed">Winfrey</a>'s real estate investments range from a sprawling 66-acre estate in Montecito, California, to a ski home in Telluride, Colorado. Her California property, dubbed The Promised Land, features a 23,000-square-foot main house with many luxurious amenities. The Telluride ski house, valued at $14 million, offers mountain views and unique features like a 56-foot-long wine cellar.
Bullock's diverse real estate portfolio includes homes in New Orleans, Southern California and Austin, Texas. Her $2.7 million Victorian home in the Big Easy's Garden District showcases classic architectural details, while her lakefront home in Austin boasts modern design. Her Beverly Hills residence offers privacy in an exclusive gated community.
Trending: Oprah, Madonna and DiCaprio have turned to the alternative asset that is outperforming the S&amp;P 500<a href="https://www.benzinga.com/money/masterworks">. Discover the potential of this market before other investors.</a>
<h2 class="wp-block-heading">10 Celebrities With Highest-Value Property Portfolio In U.S.</h2>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Rank</td>
<td>Celebrity</td>
<td>Total value paid for properties</td>
</tr>
<tr>
<td>1</td>
<td>Jeff Bezos</td>
<td>$458,900,000</td>
</tr>
<tr>
<td>2</td>
<td>Jay-Z and Beyoncé</td>
<td>$315,450,000</td>
</tr>
<tr>
<td>3</td>
<td>George Lucas</td>
<td>$196,100,000</td>
</tr>
<tr>
<td>4</td>
<td>Mark Zuckerberg</td>
<td>$166,000,000</td>
</tr>
<tr>
<td>5</td>
<td>Kim Kardashian</td>
<td>$115,100,000</td>
</tr>
<tr>
<td>6</td>
<td>Taylor Swift</td>
<td>$92,750,000</td>
</tr>
<tr>
<td>7</td>
<td>Ellen DeGeneres</td>
<td>$91,500,000</td>
</tr>
<tr>
<td>8</td>
<td>Oprah Winfrey</td>
<td>$84,415,000</td>
</tr>
<tr>
<td>9</td>
<td>Kylie Jenner</td>
<td>$66,750,000</td>
</tr>
<tr>
<td>10</td>
<td>Madonna</td>
<td>$61,300,000</td>
</tr>
</tbody>
</table>
</figure>
Source: SoCal homebuyers
"In our experience, successful real estate investment is about more than status – it's about making informed decisions based on market trends and potential for growth," Van Soest said. "Even in today's dynamic market, real estate remains a powerful tool for building and preserving wealth when approached strategically."
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