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Think twice before grabbing a third-party USB-C charging cable for your iPhone — hackers may be using them as tools to spy on you.
What Happened: Last week, Jon Bruner, a technology expert from Lumafield, shared a chilling discovery on X, formerly Twitter.
Using high-quality CT scans, Bruner revealed how a seemingly ordinary USB-C cable could hide sophisticated electronics, including a Wi-Fi antenna and chips stacked together to act as a tiny computer.
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These components, embedded in the cable, are invisible to the naked eye but can carry out malicious activities like keylogging, stealing data, and granting hackers remote access to connected devices.
The cable scanned by Bruner is the O.MG cable, a tool originally developed by researcher Mike Grover for security testing. However, the same technology could be weaponized by hackers or state-sponsored groups, turning everyday accessories into espionage tools.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This looks like an ordinary USB-C connector, but when we CT scan it, we find something sinister inside…&#x1f9f5; <a href="https://t.co/Q1RfpnS0Sp">pic.twitter.com/Q1RfpnS0Sp</a>
&mdash; Jon Bruner (@JonBruner) <a href="https://twitter.com/JonBruner/status/1864377520835174450?ref_src=twsrc%5Etfw">December 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/24/11/42156013/bluesky-adds-millions-of-users-as-elon-musks-social-media-platform-faces-exodus-post-trump-win-here-are-a-few-starter-packs-to-help-you-get-going-on-latest-x-rival">Bluesky Adds Millions Of Users As Elon Musk&#8217;s X Faces Exodus Post Trump Victory: Here Are A Few Starter Packs To Help You Level Up On The Platform</a>
Why It Matters: The implications of these findings are alarming. While the O.MG cable serves as a controlled demonstration, it highlights how advanced hacking tools have become.
A malicious USB-C cable can charge your iPhone or transfer data as expected, all while secretly spying on you.
With electronics becoming smaller and more powerful, it's impossible to visually identify malicious cables. Hackers can exploit public charging stations, coffee shop outlets, or even low-cost third-party accessories to target unsuspecting users.
The safest approach? Stick to official accessories from trusted manufacturers like Apple Inc., Samsung Electronics Co., or Alphabet Inc.'s Google.
Public charging ports should be avoided whenever possible, and portable battery packs should be your go-to for on-the-go charging.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it">iOS 18 Includes Apple&#8217;s New Passwords App with End-to-End Encryption: Here&#8217;s How You Use It</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

News

Tech

Not All iPhone Charging Cables Are Safe: Here's How Hackers Turned Them Into Tools Of Espionage

Qraft Technologies, a South Korean fintech backed by SoftBank, has significantly increased its investment in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). This decision follows a nearly 40% surge in Tesla&#8217;s shares in November, despite a less-than-stellar Robotaxi event in October.
What Happened: The fintech firm, which manages approximately $50 million across three ETFs, utilizes AI-driven strategies to rebalance its portfolio monthly. Its largest ETF, AMOM, which employs a momentum-factor investing strategy, raised its Tesla holdings from 6.55% to 7.95% in December. This strategy focuses on stocks with strong past performances, betting on their continued growth, Barron&#8217;s <a href="https://www.barrons.com/articles/ai-robot-stock-trader-tesla-eed352d8">reported</a> on Monday.
AMOM&#8217;s strategy seems to align with recent political developments, as CEO&nbsp;Elon Musk&nbsp;is expected to co-lead a government cost-cutting initiative under&nbsp;Donald Trump&#8217;s&nbsp;anticipated administration. The fund has also adjusted its portfolio to include other &#8220;Trump trades&#8221;&nbsp;such as financials, energy, and&nbsp;utilities.
See Also: <a href="https://www.benzinga.com/24/12/42359072/sundar-pichai-takes-a-jab-at-microsofts-ai-efforts-theyre-using-someone-elses-models-doubling-down-on-googles-innovation-power?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google CEO Sundar Pichai Fires Back At Microsoft Over AI, Dismisses Satya Nadella&#8217;s Criticism: &#8216;I Would Love To Do A Side-By-Side Comparison&#8230;Any Day, Any Time&#8217;</a>
These adjustments include new positions in Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>), and Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>). As of November&#8217;s end, AMOM returned 38% in 2024, slightly outperforming the iShares US Momentum ETF. Meanwhile, Qraft&#8217;s QRFT fund, which employs a defensive strategy, matched the S&amp;P 500&#8217;s 26% rise.
Why It Matters: Recently, <a href="https://www.benzinga.com/markets/equities/24/12/42383750/elon-musk-mocks-tesla-shorts-after-stock-hits-400-in-overnight-trading-on-robinhood">Tesla&#8217;s stock hit $400</a> in overnight trading on Robinhood, prompting CEO Elon Musk to mock short sellers. This reflects the volatile nature of Tesla&#8217;s stock and the confidence investors have in its potential growth.
Meanwhile, the anticipated policies of the Trump administration, such as tax cuts and deregulation, are expected to benefit sectors like energy, oil, and gas. According to Yogesh Kansal, chief business officer at Appreciate, these measures could lead to <a href="https://www.benzinga.com/markets/equities/24/11/42383725/trump-administrations-deregulation-efforts-to-lift-energy-oil-and-gas-sectors-ai-frenzy-to-aid-faang-stocks-and-nvidia-says-fintech-insider">higher corporate earnings</a>, further fueling market rallies. However, potential challenges such as increased labor costs due to immigration policies and tariffs could impact profitability and stock prices.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378618/musk-fuels-speculation-on-us-bitcoin-reserve-as-crypto-surges?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Fuels Speculation On US Bitcoin Reserve As Crypto Surges</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

Markets

General

TSLA

AI Robot Trader Goes All-In On Tesla, Betting Big On Elon Musk's Momentum Amid Trump Trade Plays

BMO Capital analyst Ari Klein initiates coverage on Ryman Hospitality Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHP#NYSE">RHP</a>) with a Outperform rating and announces Price Target of $133.

Price Target

Initiation

Analyst Ratings

BMO Capital Initiates Coverage On Ryman Hospitality Props with Outperform Rating, Announces Price Target of $133

Needham analyst Ami Fadia reiterates Cogent Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COGT#NASDAQ">COGT</a>) with a Buy and maintains $15 price target.

Reiteration

COGT

Needham Reiterates Buy on Cogent Biosciences, Maintains $15 Price Target

BMO Capital analyst Ari Klein initiates coverage on Apple Hospitality REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) with a Outperform rating and announces Price Target of $18.

APLE

BMO Capital Initiates Coverage On Apple Hospitality REIT with Outperform Rating, Announces Price Target of $18

Needham analyst Ami Fadia reiterates Merus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) with a Buy and maintains $85 price target.

MRUS

Needham Reiterates Buy on Merus, Maintains $85 Price Target

Iran is moving to &#8220;organize&#8221; cryptocurrency through regulation rather than restriction, a strategic shift that coincides with President-elect Donald Trump&#8216;s pro-crypto stance and Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/24/12/42381907/bitcoin-ethereum-dogecoin-reverse-after-advances-btc-records-historic-weekly-close-while-analyst-paints-6k-target-for-eth">recent surge past $100,000</a>.
What Happened: Iranian Minister of Economic Affairs and Finance Abdolnaser Hemmati announced the regulatory framework during a national event, stating the initiative aims to &#8220;eliminate negative impacts while leveraging positive effects&#8221; of digital currencies, according to state-run Nour News. 
The Central Bank of Iran has published guidelines focusing on tax compliance and anti-money laundering measures.
Iranian investors currently hold between $30-50 billion in cryptocurrency assets, equivalent to approximately one-third of the country&#8217;s gold market, economist Mohammad Sadegh Alhosseini told Nour News.
&#8220;It is hope that they would be developed with the aim of growing assets and youth employment, helping to nullify sanctions and aligning Iran&#8217;s activities with the global economy,&#8221; Hemmati said. 
See Also: <a href="https://www.benzinga.com/24/12/42381907/bitcoin-ethereum-dogecoin-reverse-after-advances-btc-records-historic-weekly-close-while-analyst-paints-6k-target-for-eth">Bitcoin, Ethereum, Dogecoin Reverse After Advances: BTC Records Historic Weekly Close While Analyst Paints $6K Target For ETH</a>
Why It Matters: The timing is significant as Trump prepares to take office, having recently appointed David Sacks as &#8220;White House A.I. &amp; Crypto Czar.&#8221; Through Truth Social, Trump announced Sacks will develop a comprehensive legal framework to help the crypto industry &#8220;thrive in the U.S.&#8221;
However, Trump&#8217;s anticipated return to &#8220;maximum pressure&#8221; sanctions on Iran could <a href="https://www.benzinga.com/24/12/42350038/trump-vs-iran-should-oil-markets-brace-for-impact-in-2025">significantly impact global oil markets</a>. 
JPMorgan analyst Arun Jayaram warns that renewed sanctions might remove up to 1 million barrels of Iranian oil per day from global supply, a dramatic reduction from current exports of 1.6 million barrels under President Joe Biden&#8216;s administration.
Bitcoin currently trades at $99,547, reflecting growing institutional acceptance amid these geopolitical shifts.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/42383725/trump-administrations-deregulation-efforts-to-lift-energy-oil-and-gas-sectors-ai-frenzy-to-aid-faang-stocks-and-nvidia-says-fintech-insider">Trump&#8217;s Deregulation Efforts To Benefit Energy, Oil And Gas Sectors, While AI Frenzy Will Boost FAANG Stocks And Nvidia, Says Fintech Insider</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

Global

$BTC

Iran Plans To Regulate Crypto To 'Nullify Sanctions' Ahead Of Trump's White House Return

Ascendiant Capital analyst Edward Woo maintains Atossa Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOS#NASDAQ">ATOS</a>) with a Buy and raises the price target from $6.5 to $7.

ATOS

Ascendiant Capital Maintains Buy on Atossa Therapeutics, Raises Price Target to $7

Ascendiant Capital analyst Edward Woo maintains Plus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTV#NASDAQ">PSTV</a>) with a Buy and lowers the price target from $20 to $19.

PSTV

Ascendiant Capital Maintains Buy on Plus Therapeutics, Lowers Price Target to $19

Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) recorded a sharp uptick in hash rate on Sunday after a mining company disclosed that the two coins yielded three times the profit as mining Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) alone.
What happened: Litecoin's hash rate jumped from 1.48 PetaHashes per second to a fresh all-time high of 1.7128 PH/s, marking a 15% spike, <a href="https://www.coinwarz.com/mining/litecoin/hashrate-chart">according </a>to Coinwarz.&nbsp;
Similarly, Dogecoin's hash rate breached the 2.52 PH/s level for the first time on Sunday, before pulling back to 1.58 PH/s at the time of writing.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42382883/ark-invests-cathie-wood-hails-bitcoins-100k-climb-as-a-big-deal-labels-apex-crypto-as-gold-substitute-and-emerging-reserve-currency">Ark Invest&#8217;s Cathie Wood Hails Bitcoin&#8217;s $100K Climb As A &#8216;Big Deal,&#8217; Labels Apex Crypto As Gold Substitute And Emerging Reserve Currency</a>
Why It Matters: As is well known, hash rate is a measure of the computational power used to solve complex cryptographic puzzles in a blockchain network.&nbsp;
Typically, hash rates jump when more miners, i.e., more computers and mining rigs, join a network. This, in turn, could happen when the underlying cryptocurrency's price is high and mining activity becomes more profitable.&nbsp;
According to BitInfoCharts, Litecoin's mining profitability <a href="https://cointelegraph.com/news/bit-mining-dogecoin-litecoin-boosted-mining-profitability">reached </a>a nearly seven-month high of $0.346 for every 1 GigaHash per second of computational power, or hash rate, invested.&nbsp;
Dogecoin's profitability per 1 GH/s unit of hash rate also rose significantly over the last month.
The profitability likely spiked as both LTC and DOGE gained in value in recent weeks. While LTC soared 69% over the month, DOGE grew a whopping 107%.
These readings come amid <a href="https://www.btcm.group/news-detail?id=134193">disclosure </a>by mining company BIT Mining Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) last week that expanding into Litecoin and Dogecoin caused its profits to rise threefold than mining just Bitcoin.
The company said it mined 84,485 LTCs and over 227 million DOGE as of Nov. 27.
Price Action: As of this writing, LTC was trading at $125.91, down 4.46% 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>. DOGE was exchanging hands at $0.4352, down 4.35%.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/12/42382133/amazon-shareholders-propose-adding-bitcoin-to-treasury-for-best-long-term-interest-cite-microstrategy-as-example">Amazon Shareholders Propose Adding Bitcoin To Treasury For &#8216;Best&#8217; Long-Term Interest, Cite Michael Saylor&#8217;s MicroStrategy As Example</a></li>
</ul>
Photo via Shutterstock

$DOGE

$LTC

BTCM

Litecoin, Dogecoin Record Hash Rate Gains After A Mining Company Reveals 3X Profit Over Bitcoin

<ul>
<li>Scemblix demonstrated sustained superior major molecular response (MMR) vs. all investigator-selected TKIs (74.1% vs. 52%) and vs. imatinib alone (76.2% vs. 47.1%), meeting both ASC4FIRST 96-week key secondary endpoints.</li>
<li>Scemblix showed a clinically relevant 15.1% higher MMR rate vs. second generation (2G) TKIs (72.0% vs. 56.9%).</li>
<li>96-week data extend favorable safety and tolerability profile for Scemblix vs. imatinib and 2G TKIs, with fewer grade ≥3 AEs and less than half the discontinuation rate due to AEs.</li>
</ul>

Biotech

Large Cap

Health Care

On Saturday, Novartis Announced Longer-term Results From Phase 3 ASC4FIRST Trial Of Scemblix (Asciminib) Compared To Standard-Of-Care Tyrosine Kinase Inhibitors And Imatinib Alone In Adult Patients With Newly Diagnosed Chronic Myeloid Leukemia

Ascendiant Capital analyst Edward Woo maintains Lucid Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCD#NASDAQ">LUCD</a>) with a Buy and lowers the price target from $7.25 to $7.

LUCD

Ascendiant Capital Maintains Buy on Lucid Diagnostics, Lowers Price Target to $7

Ascendiant Capital analyst Edward Woo maintains PAVmed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAVM#NASDAQ">PAVM</a>) with a Buy and lowers the price target from $21 to $19.

PAVM

Ascendiant Capital Maintains Buy on PAVmed, Lowers Price Target to $19

Elon Musk&#8216;s rocket manufacturing company SpaceX has reportedly bagged a Pentagon contract to expand Ukraine&#8217;s access to Starshield, a version of Starlink designed for government use.
What Happened: Under the contract, 2,500 Starlink terminals in Ukraine will get access to Starshield, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-06/spacex-gets-us-contract-to-expand-ukraine-s-access-to-starshield">reported</a> on Saturday. Earlier, 500 Starlink terminals were connected to Starshield.
Starshield leverages SpaceX&#8217;s Starlink technology and launch capability to support national security efforts. While Starlink is designed for consumer and commercial use, Starshield is designed for government use. 
Both the old contract covering 500 terminals and the new contract covering 2500 will provide service into 2025, the report said. 
The value of the new contract is not known. However, the 500 terminal agreement from U.S. European Command was for roughly US$40 million, the report said.
Why It Matters: Musk&#8217;s Starlink continues to be key to Ukraine&#8217;s military despite the billionaire&#8217;s <a href="https://www.benzinga.com/news/24/02/37062145/elon-musk-denies-use-of-starlink-by-russian-forces-says-no-terminals-sold-directly-or-indirectly">criticism of the war</a>.
U.S. President-elect Donald Trump said during his campaign that he would bring an end to the war between Russia and Ukraine which started in February 2022. Musk is now a close ally of Trump. 
Musk himself has previously slammed the war, terming it a path to Ukraine&#8217;s decline. 
&#8220;Ukraine will most likely decline, because NATO won't let them stop the war yet. That allows Putin to tell the Russian people that he offered peace and it was refused, so there is no choice but to ramp up the war,&#8221; Musk said in May. 
Starlink continues to be used by the military in Ukraine despite Musk saying that it is a commercial system and not a military one. Last month, Musk termed Starlink a &#8220;<a href="https://www.benzinga.com/news/24/05/39015789/elon-musk-reveals-tough-problem-battling-russian-jamming-efforts-on-starlink-amid-ukraine-war-spendi">major factor</a>&#8221; for Russia not overrunning Ukraine. 
&#8220;Starlink is the BACKBONE of Ukrainian military communications at the front lines, because everything else has been blown up or jammed by Russia,&#8221; he then said. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/space/24/12/42376708/nasa-mission-to-land-humans-on-moon-delayed-artemis-3-now-slated-for-mid-2027" target="_blank" rel="noreferrer noopener">NASA Mission To Land Humans On Moon Delayed: Artemis 3 Now Slated For Mid-2027</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Elon Musk's SpaceX Gets Pentagon Contract To Extend Ukraine's Access To Starshield: Report

Morgan Stanley analyst Brian Nowak upgrades Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) from Equal-Weight to Overweight and raises the price target from $70 to $200.

Upgrades

RDDT

Morgan Stanley Upgrades Reddit to Overweight, Raises Price Target to $200

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has officially rolled out Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Watch app, allowing users to transform their watch into a digital key for their vehicle.
What Happened: Tesla has expanded its ecosystem by introducing an official Apple Watch app, offering functions previously accessible only via the Tesla smartphone app or third-party applications.
As of Dec. 3, Apple Watch users can now use their devices to perform a range of actions, including unlocking and locking the car, opening the trunk and frunk (front trunk), checking the battery status, and adjusting the vehicle&#8217;s climate control.
See Also: <a href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti">Apple Had A Hush-Hush Relationship With Tesla&#8217;s Chinese-Rival BYD For Now-Abandoned Car Plans — Cupertino Poured Nearly $1B Each Year For A Decade Into The Project</a>
How To Unlock Tesla Car Using Apple Watch
Step I: Open the App Store on your iPhone and update the Tesla app to the latest version.
Step II: Navigate to the Apple Watch app on your iPhone.
Step III: Scroll down to the &#8220;Available Apps&#8221; section, locate the Tesla app, and tap &#8220;Install.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to put the Tesla app on your Apple Watch #tesla #teslamodely #teslauniverse #teslatechnologies￼￼" width="500" height="281" src="https://www.youtube.com/embed/5zhz4rmcvNc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Once installed, the app integrates seamlessly, allowing Tesla owners to control key vehicle functions directly from their wrists.
This update is part of Tesla's broader holiday feature release, which also includes enhancements like remote access to Sentry Mode recordings and navigation improvements.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Before this update, Tesla owners had to rely on third-party applications like Watch for Tesla to access similar features on their smartwatches.
However, not all Tesla-related wishlist items have been checked off. Tesla owners have long been waiting for Apple CarPlay <a href="https://www.benzinga.com/markets/equities/24/03/37769022/clock-is-ticking-for-apple-as-it-faces-obliteration-in-auto-market-says-gurman-heres-how-cuperti">integration</a> — a feature available in many non-Tesla vehicles.
Despite its demand, CEO Elon Musk has shown no intention of adopting CarPlay, viewing it as possible competition to Tesla's <a href="https://www.benzinga.com/general/gaming/24/02/37196810/elon-musk-opens-up-on-when-tesla-will-make-a-video-game-ive-wanted-to-do-that-for-a-long-time">proprietary infotainment system</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/03/37889544/not-just-the-iphone-doj-is-angry-with-apples-plan-to-dominate-with-carplay-too-heres-why">Not Just The iPhone: DOJ Is Angry With Apple&#8217;s Plan To Dominate With CarPlay Too — Here&#8217;s Why</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AAPL

How To Use Apple Watch As A Digital Key For Your Tesla Car

Apollo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and Santander today announced that Apollo-managed funds and affiliates have agreed to invest in an approximately $370 million portfolio of infrastructure credit. The transaction was led by Apterra, an affiliate of Apollo founded in 2023 that specializes in innovative financing solutions for infrastructure projects.

Apollo And Santander Collaborate Over $370M Infrastructure Portfolio Financing

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) announced expansion plans in Saudi Arabia, marking a significant step in its Middle East growth strategy. The tech giant will launch its first Arabic-language online store in the summer of 2025, followed by multiple flagship retail locations starting in 2026, according to a company announcement Sunday.
What Happened: CEO Tim Cook highlighted plans for an iconic store in Diriyah, a UNESCO World Heritage site. &#8220;We&#8217;re excited to be expanding here in Saudi Arabia,&#8221; Cook said, emphasizing the company&#8217;s commitment to deepening customer connections in the region.
The expansion builds on Apple&#8217;s existing Saudi presence, including its women-only Developer Academy in Riyadh, launched in 2021 in partnership with the Saudi government and Princess Nourah bint Abdulrahman University. Nearly 2,000 students have completed the academy&#8217;s programming courses.
Why It Matters: The Saudi iOS app economy has shown remarkable growth, with developer earnings surging over 1,750% since 2019. Apple&#8217;s investment in the kingdom exceeds 10 billion Saudi Riyals ($2.66 billion) over the past five years.
Recent developments include Riyadh becoming the first Middle Eastern city to implement Apple Pay&#8217;s Express Mode for metro transit, joining over 250 global cities with Apple Pay transit integration.
Price Action: Apple stock closed at $242.84, down 0.08% on Friday. Year-to-date, the stock has surged by 30.81%.
According to <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">data from Benzinga Pro</a>, Apple&#8217;s consensus price target is $242.26 from 31 analysts, ranging from a high of $300 to a low of $180. Recent ratings from Wedbush, Morgan Stanley, and Maxim Group average $262.67, indicating an 8.40% potential upside.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09020933/Screenshot-2024-12-09-at-12.38.35%E2%80%AFPM-1024x381.png" alt="" class="wp-image-682472" /></figure>
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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.

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Apple Expands Retail Footprint In Saudi Arabia With Online Store Launch, Plans Multiple Flagship Locations

<ul>
<li>Submission supported by MATINEE data showing a significant and clinically meaningful reduction in annualized rate of moderate/severe exacerbations compared with placebo.</li>
<li>Nucala could be the first approved biologic with monthly dosing for patients with COPD.</li>
<li>COPD affects more than 14 million people in the US with estimates of 500,000 hospitalizations and up to 1.3 million emergency department visits each year.</li>
</ul>

The FDA Has Accepted For Review GSK's Nucala (Mepolizumab) As An Add-on Maintenance Treatment For Patients With Chronic Obstructive Pulmonary Disease With An Eosinophilic Phenotype, With Prescription Drug User Fee Act Date Is 7 May 2025

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