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ZHUDING INTER LTD CL (A) by Zhuding International Limited

Zhuding International Ltd

Thousands of Hawaii <a href="https://www.benzinga.com/topic/medical-cannabis">medical marijuana</a> patients are facing a looming crisis due to a legal oversight that threatens to cut off access to their caregivers who grow and process cannabis for them. Caregivers will no longer be allowed to cultivate cannabis starting Dec. 31, 2024. The impending ban also includes the closure of community grow sites that many patients rely on.
<h2 class="wp-block-heading">Government Admits Mistake</h2>
State legislators admit they are to blame for the lapse in Hawaii&#8217;s medical marijuana rules for caregivers. Written seven years ago, the rules will expire at the end of 2024 and no new ones have been written to replace them.
"It really was a failure that we did not address this impending deadline, and now we have the crisis upon us," said House Public Safety Chair Rep. Della Belatti, <a href="https://www.hawaiinewsnow.com/2024/11/30/cannabis-caregivers-large-grow-sites-will-soon-be-illegal-hawaii-impacting-thousands-patients/">reported </a>Hawaii News Now. 
"They're left either to the black market, which we know is unregulated and unsafe, or without medicine at all. Now we're faced with this situation, and we're going to have to deal with it," she added, referring to medical marijuana patients. There are roughly 32,000 registered medical marijuana patients in Hawaii, <a href="https://hawaiistatecannabis.org/medical/statistics">according</a> to government statistics.
By law, registered caregivers are allowed to grow up to 10 cannabis plants for patients unable to do so themselves. This has been a legal alternative to dispensaries, which some say are too expensive or inconvenient.
State Sen. Joy San Buenaventura, chair of the Health and Human Services Committee, said the situation will have a profound impact on medical marijuana patients. "Especially for Oahu patients who live in condos where they are dependent upon caregivers to grow their medical cannabis for them, they won't be able to have that access and that's huge."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/02/37114909/hawaii-senators-approve-cannabis-legalization-bill-despite-internal-opposition-to-governors-pro-">Hawaii Senators Approve Cannabis Legalization Bill Despite Internal Opposition To Governor&#8217;s Pro-Reform Stance</a>
<h2 class="wp-block-heading">Medical Marijuana Provider Responds</h2>
Jason Hanley, who founded <a href="https://www.benzinga.com/markets/cannabis/23/04/31669866/collective-medical-marijuana-farm-in-oahu-hawaii-faces-uncertain-future-amid-legislative-action">Care Waialua</a> eight years ago, says caregivers are vital for many patients, especially those who are bedridden or physically unable to grow their own cannabis. "Caregivers will no longer be able to help people grow, plain and simple. So, if you're a handicapped person or a bedridden person you have to grow your own medicine. There's no caregiving for you," Hanley said. 
The looming December 31 deadline will also limit grow sites to no more than five patients. "They can't afford dispensaries or they can't get their medicine it's as simple as that."
Now Read:
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<li><a href="EXCLUSIVE: Psychoactive Cannabis Seeds To Be Sold Legally In Uruguay For The First Time">EXCLUSIVE: Psychoactive Cannabis Seeds To Be Sold Legally In Uruguay For The First Time</a></li>
</ul>
Photo: Benzinga edit with images by <a href="https://www.pexels.com/@troy-squillaci-1303476/" target="_blank" rel="noreferrer noopener">Troy Squillac</a> via Pexels and <a href="https://pixabay.com/users/nicolepineda-22495526/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=6529710" target="_blank" rel="noreferrer noopener">Nicole Pineda</a> from <a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=6529710" target="_blank" rel="noreferrer noopener">Pixabay</a>

Cannabis

Government

Legal

Hawaii Medical Marijuana Caregiver Ban: 'Government Failure' Sparks Crisis, Threatening Thousands

It started with a joke and quickly spiraled into a viral moment. Elon Musk, Joe Rogan and Donald Trump Jr. recently stirred up social media with a bit of trolling about buying MSNBC and Joe Rogan took it a step further by calling dibs on Rachael Maddow's job – but with his own twist.
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<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>
This all began when news broke that <a href="https://www.benzinga.com/news/global/24/11/42081224/comcast-plans-major-cable-networks-spinoff-msnbc-and-cnbc-to-form-new-public-company-report">Comcast plans to spin off MSNBC</a> and CNBC into a new publicly traded company. Donald Trump Jr. jumped on this with a tweet tagging Elon Musk, saying, "Hey @elonmusk, I have the funniest idea ever!!!". The joke here was obvious – Musk buying a news network with a decidedly different political leaning.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hey <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> I have the funniest idea ever!!! <a href="https://t.co/OEwz6S5ncs">https://t.co/OEwz6S5ncs</a>
&mdash; Donald Trump Jr. (@DonaldJTrumpJr) <a href="https://twitter.com/DonaldJTrumpJr/status/1859957346665103747?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
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Of course, Elon Musk – who rarely shies away from online banter – played along. He replied, "How much does it cost?" The exchange caught fire, drawing millions of views, with people both entertained and genuinely curious if Musk might actually do it.
See Also: Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a>
<h2 class="wp-block-heading">Joe Rogan Wants In</h2>
Not one to sit out on a joke, <a href="https://www.benzinga.com/markets/24/11/41997920/if-you-dropped-1000-on-spotify-when-joe-rogans-show-became-an-exclusive-heres-how-much-youd-have-today">Joe Rogan</a> jumped in with his idea. He tweeted, "If you buy MSNBC, I would like Rachael Maddow's job. I will wear the same outfit and glasses and I will tell the same lies." Clearly, Rogan was poking fun at Maddow's style and, more importantly, her approach to news coverage – in his eyes, not exactly truthful.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you buy MSNBC I would like Rachael Maddow's job. I will wear the same outfit and glasses, and I will tell the same lies.
&mdash; Joe Rogan (@joerogan) <a href="https://twitter.com/joerogan/status/1860088921264390462?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
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The tweet quickly went viral, garnering tens of millions of views. People couldn't get enough of the mental image of Rogan dressed like Maddow delivering the news in his brand of satire. And then Elon Musk, never missing a beat, replied with "Deal," followed by a mix of rocket, fire and laughing emojis – adding even more fuel to the already blazing conversation.
Trending: This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
<h2 class="wp-block-heading">Is It All Just a Joke?</h2>
At its core, this exchange is probably just Musk, Rogan and Trump Jr. having fun at the expense of a network they disagree with. But it's also a reminder of how quickly something that starts as an online joke can become a widely discussed topic – even speculated about.
After all, Musk is known for making what seem like jokes into reality. His purchase of Twitter (now called X) was originally seen as a long shot. Yet here we are. So even if Musk buying MSNBC is mostly in jest, it's hard to ignore the echoes of what's already happened.
Read Next:
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest TODAY for just $0.26/share with a $1000 minimum.</a></li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Startups

'I Will Tell The Same Lies' – Joe Rogan Says He'd Take Over Rachael Maddow's Job –'Same Outfit And Glasses' – If Elon Musk Buys MSNBC

Meme coin Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) has witnessed a substantial increase in trading volume, indicating a potential major price upswing.
What Happened: <a href="https://www.coinglass.com/currencies/DOGE">Data</a> from CoinGlass show that Dogecoin&#8217;s trading volume has soared by 76.71%.
This surge in momentum is supported by considerable whale activity, including a recent transfer of $120 million DOGE to an unidentified wallet.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; &#x1f6a8; &#x1f6a8; &#x1f6a8; &#x1f6a8; 300,000,000 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> (121,375,564 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/RwNlh59LhY">https://t.co/RwNlh59LhY</a>
&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1862387498309009865?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
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Throughout November, Dogecoin&#8217;s price has shown remarkable growth of 150%, with monthly returns hitting 167%. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42152520/dogecoin-whales-move-214-5m-in-a-single-day-sparking-speculation">Dogecoin Whales Move $214.5M In A Single Day, Sparking Speculation</a>
Earlier in November, crypto trader Peter Brandt offered his perspective on Dogecoin&#8217;s future, suggesting that the cryptocurrency&#8217;s chart displays&nbsp;an inverted head-and-shoulders pattern, which&nbsp;could signal a return to its all-time high of nearly $0.73.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">DOGE <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> has been an outstanding charting market following classical charting principles I am going to follow up in a few hours with a comparison chart that will blow your mind (as long as I remember to do so at age 78) <a href="https://t.co/xKuLflPgea">pic.twitter.com/xKuLflPgea</a>
&mdash; Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1856499088918766063?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42185887/astrophysicist-neil-degrasse-tyson-dismisses-musks-vision-to-build-self-sustaining-city-on-mars?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Astrophysicist Neil deGrasse Tyson Dismisses Elon Musk&#8217;s Mars Vision: SpaceX CEO Hits Back, Says &#8216;They Re</a>
Brandt further observed that Dogecoin might&nbsp;be forming an &#8220;upsloping flag,&#8221;&nbsp;a technical pattern often associated&nbsp;with continuation trends. If this pattern materializes, it could suggest a price target of approximately $0.66, in line with the current bullish momentum.
Recently, Dogecoin has demonstrated&nbsp;significant bullish momentum, highlighted by&nbsp;a golden cross — a&nbsp;technical pattern where the 50-day&nbsp;moving average crosses above the&nbsp;200-day moving average. 
This pattern typically indicates&nbsp;strong upward trends and has&nbsp;frequently been a precursor to major price rallies. Dogecoin&#8217;s&nbsp;price has surged, breaking through&nbsp;resistance levels at $0.22 and&nbsp;$0.30, with the growing trading volumes further substantiating this momentum.
Why It Matters: The recent surge in Dogecoin&#8217;s trading volume and the associated bullish momentum are significant indicators of potential future price rallies. 
The involvement of substantial whale activity and the formation of technical patterns such as the inverted head-and-shoulders and the upsloping flag further strengthen the likelihood of a price upswing. 
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40429878/dogecoins-active-users-on-the-rise-will-this-impact-doge-price" target="_blank" rel="noreferrer noopener">Dogecoin's Active Users On The Rise, Will This Impact DOGE Price?</a>

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

Cryptocurrency

$DOGE

Dogecoin Trading Volume Skyrockets 76%, Indicating Potential Major Price Upswing

These eight mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) shares skyrocketed 65.57% last week.</li>
<li>Scholar Rock Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) stock jumped 49.61%  after rival Biohaven Ltd.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>) taldefgrobep for spinal muscular <a href="https://www.benzinga.com//node/42169246" target="_blank" rel="noreferrer noopener">atrophy failed its Phase 3 study</a>.</li>
<li>Arrowhead Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) shares escalated 42.40% after it entered into a global licensing and collaboration agreement with Sarepta Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) for multiple clinical <a href="https://www.benzinga.com//node/42196870" target="_blank" rel="noreferrer noopener">and preclinical siRNA programs</a>.</li>
<li>Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) stock surged 38.99% after the company reported first-quarter results and several analysts raised <a href="https://www.benzinga.com//node/42214256" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares upped 33.42% in response to President-elect Donald Trump's plans to nominate Marty Makary to lead the <a href="https://www.benzinga.com//node/42177219" target="_blank" rel="noreferrer noopener">Food and Drug Administration (FDA)</a>.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) stock grew 33.38%. The company recently announced the deployment of its conversational AI agent, Amelia, at <a href="https://www.benzinga.com//node/42145826" target="_blank" rel="noreferrer noopener">Apivia Courtage as part of the AEMA Group</a>.</li>
<li>Joby Aviation, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) stock upped 31.62% after Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) <a href="https://www.benzinga.com//node/42169194" target="_blank" rel="noreferrer noopener">invested half a billion dollars</a> in it.</li>
<li>Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) shares increased 30.43% after the company reported third-quarter earnings and several analysts raised <a href="https://www.benzinga.com//node/42221225" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/large-cap/24/12/42256613/rivian-automotive-rocket-lab-and-moderna-are-among-top-10-large-cap-gainers-last-week-nov-25-nov-29-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Rivian Automotive, Rocket Lab And Moderna Are Among Top 10 Large-Cap Gainers Last Week (Nov 25-Nov 29): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/12/42256757/reddit-grab-and-autodesk-are-among-top-11-large-cap-losers-last-week-nov-25-nov-29-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Reddit, Grab And Autodesk Are Among Top 11 Large-Cap Losers Last Week (Nov 25-Nov 29): Are The Others In Your Portfolio?</a></li>
</ul>
Image via Archer

Mid Cap

ACHR

ARWR

BHVN

Hims & Hers Health, Inc. Class A Common Stock

HIMS

IREN

JOBY

SOUN

SRPT

SRRK

URBN

Archer Aviation, Hims & Hers Health And Urban Outfitters Are Among Top 8 Mid-Cap Gainers Last Week (Nov 25-Nov 29): Are The Others In Your Portfolio?

Soaring New York City rents <a href="https://www.benzinga.com/real-estate/24/05/39091231/rents-are-so-high-in-new-york-city-that-even-135kyear-tech-workers-cant-keep-up">have pushed most residents to explore homeownership opportunities</a> in other states, with new data from Realtor.com revealing 85% of Manhattan&#8217;s online home searchers looking beyond state lines.
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The exodus mentality comes as Manhattan&#8217;s median monthly rent hits $4,415. While it does represent a slight 1.1% decline over last year, outer borough increases have kept citywide rents climbing. According to the report, the Bronx leads with an 8.6% jump to $3,164, followed by Queens rising 7% to $3,343, while Brooklyn edges up 0.1% to $3,683.
The city&#8217;s rental market runs counter to national trends, where the top 50 markets have seen 15 consecutive months of rent decreases. New York&#8217;s median asking rent rose 1.7% year-over-year to $3,374 in October 2024, marking a 13.1% increase from pre-pandemic levels.
&#8220;Shoppers who have the flexibility to move away and keep their housing budget at Manhattan rental levels, can fast-track the path to homeownership,&#8221; Realtor.com economics analyst Jiayi Xu was quoted in the report. The typical Manhattan renter&#8217;s income requirement of $176,604 could support home purchases in other markets.
See Also: Unlock the hidden potential of commercial real estate —<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a>
Analysis shows Manhattan renters allocating their current $4,415 monthly housing budget toward mortgage payments could afford homes ranging from $600,000 to $750,000 in popular relocation destinations. The calculations assume a 20% down payment and a current 6.43% mortgage rate.
Bridgeport, Connecticut, was a particularly attractive option. Manhattan renters could afford homes priced at $646,150 – nearly double the area&#8217;s median listing price of $322,500. The city offers both beach access and rail connections to New York, the Realtor said.
Trending: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.
Similarly, West Palm Beach, Florida presents opportunities with a median list price of $399,900, well within reach of former Manhattan renters&#8217; $655,500 budget. Myrtle Beach, South Carolina offers even greater buying power, with $752,000 in purchase potential against a median listing of $299,900.
Closer to home, New Jersey&#8217;s Long Branch attracts interest despite its $1.22 million median listing price, as Manhattan rental budgets could still secure $624,000 properties. Pittsburgh rounds out popular destinations, offering broad market access with its $255,000 median listing price well below potential buyers&#8217; $599,800 budget.
The trend represents a shift in housing strategies as New Yorkers increasingly view their substantial rental payments as <a href="https://www.benzinga.com/real-estate/24/06/39433664/top-ten-list-of-cities-where-americans-are-moving-shows-if-you-build-it-affordably-they-will-come">potential mortgage investments in more affordable markets</a>.
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<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
</ul>

Real Estate

As NYC Rents Hit New Highs, 85% Of Residents Look To Buy Elsewhere – Here's What They Find

A recent Gallup poll found that U.S. consumers plan to spend upwards of $1,000 each on holiday gifts this year, signaling a potentially fruitful <a href="https://www.benzinga.com/news/24/08/40431394/brighter-outlook-goldman-sachs-optimistic-on-u-s-economy-cuts-recession-risk-down-to-20">season for retailers</a>.
What Happened: According to the poll, which was released on Wednesday, the average spending estimate for the holiday season has stayed steady since October, a departure from most years when the estimate typically decreases as the season advances. 
The rise in November&#8217;s holiday spending estimate this year follows a significant jump last year, in stark contrast to 2022 when planned spending declined due to high inflation.
Historically, holiday sales have seen a year-over-year increase, with an average growth of 4% since 2000, as per the National Retail Federation. Gallup&#8217;s <a href="https://news.gallup.com/poll/653840/shoppers-plan-spend-000-holiday-gifts.aspx">survey</a> indicates that this year&#8217;s holiday sales are likely to experience a higher-than-average increase, close to 5%.
Groups planning to spend the most on holiday gifts include upper-income Americans, parents with children under 18, and Republicans, all planning to spend over $1,200 on gifts.&nbsp;
Also Read: <a href="https://www.benzinga.com/news/24/10/41305352/struggling-retailers-brace-for-halloween-consumer-spending-slump">Struggling Retailers Brace For Halloween Consumer Spending Slump</a>
A slight majority of Americans,&nbsp;55%, say they will spend&nbsp;approximately&nbsp;the same on gifts, while&nbsp;a larger percentage&nbsp;say they will spend less&nbsp;(23%) rather than more (19%).
With inflation remaining below 3%, the presidential race uncertainty resolved, and an improved economic outlook for Americans, consumers seem prepared&nbsp;to spend a bit more&nbsp;than usual on holiday gifts.&nbsp;
The enthusiasm observed in October is largely persisting into November.
Why It Matters: The steady holiday spending estimate, despite the usual trend of a decrease as the season progresses, is a positive sign for retailers. 
The potential increase in holiday sales, predicted to be near 5%, could provide a much-needed boost to the retail sector, which has been grappling with the impacts of high inflation. 
Furthermore, the willingness of consumers to spend&nbsp;more than usual on holiday&nbsp;gifts, particularly among upper-income Americans, parents, and Republicans, could stimulate economic activity and contribute to a stronger fourth quarter for retailers.
Read Next
<a href="https://www.benzinga.com/news/24/06/39447544/impending-recession-us-consumer-spending-shows-worrying-signs">Impending Recession? US Consumer Spending Shows Worrying Signs</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.
Image: Shutterstock

Retail Sales

US Consumers Plan To Spend $1,000 or More on Holiday Gifts This Year

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) shares tumbled 25.83% after the company cut its <a href="https://www.benzinga.com//node/42213634" target="_blank" rel="noreferrer noopener">first-quarter FY25 revenue outlook</a> and analysts cut <a href="https://www.benzinga.com/quote/sym/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) shares dipped 11.82% after analysts downgraded or <a href="https://www.benzinga.com/quote/grab/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price forecast on the stock</a>.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock declined 10.97%. The company said it is accelerating its global expansion, focusing on international markets such as India and Brazil to drive<a href="https://www.benzinga.com//node/42221015" target="_blank" rel="noreferrer noopener"> user growth and unlock advertising opportunities</a>.</li>
<li>Banco Bradesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBD#NYSE">BBD</a>) shares dived 10.88%. JP Morgan analyst Domingos Falavina downgraded the <a href="https://www.benzinga.com/quote/bbd/analyst-ratings" target="_blank" rel="noreferrer noopener">company from Overweight to Neutral</a>.</li>
<li>H World Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) stock plummeted 10.44%  after the company reported <a href="https://www.benzinga.com//node/42197824" target="_blank" rel="noreferrer noopener">worse-than-expected financial results</a>.</li>
<li>Vertiv Holdings, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) stock decreased 9.82%.</li>
<li>Itau Unibanco Banco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) shares fell 8.53%.</li>
<li>Sabesp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBS#NYSE">SBS</a>) shares were down 8.40% last week.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares fell 8.16% after the company reported third-quarter results, and several analysts revised their <a href="https://www.benzinga.com//node/42221770" target="_blank" rel="noreferrer noopener">forecasts for the stock</a>.</li>
<li>Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) stock lost 7.98% last week after the company reported better-than-expected Q1 financial results. However, the company&#8217;s Q1 <a href="https://www.benzinga.com//node/42221971" target="_blank" rel="noreferrer noopener">performance was offset by slowing ARR</a>. Several analysts revised price forecasts on the stock.</li>
<li>Autodesk Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) stock dipped 7.98% after it reported third-quarter financial results, and analysts revised <a href="https://www.benzinga.com//node/42218196" target="_blank" rel="noreferrer noopener">their price target on the stock</a>.</li>
</ol>
Image via Shutterstock
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/12/42256613/rivian-automotive-rocket-lab-and-moderna-are-among-top-10-large-cap-gainers-last-week-nov-25-nov-29-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Rivian Automotive, Rocket Lab And Moderna Are Among Top 10 Large-Cap Gainers Last Week (Nov 25-Nov 29): Are The Others In Your Portfolio?</a></li>
</ul>

Large Cap

ADSK

DELL

GRAB

HTHT

ITUB

NTNX

RDDT

Companhia De Saneamento Basico Do Estado De Sao

Reddit, Grab And Autodesk Are Among Top 11 Large-Cap Losers Last Week (Nov 25-Nov 29): Are The Others In Your Portfolio?

President-elect Donald Trump says he will nominate Kash Patel, a staunch loyalist, to head the FBI. This move suggests a possible restructuring in the bureau&#8217;s future.
What Happened: Trump&#8217;s nomination of Patel, who served in several national security roles during Trump&#8217;s first term, indicates Trump&#8217;s intention to replace current FBI Director Christopher Wray. Patel, known for his advocacy for a significant overhaul of the FBI, has been a staunch supporter of Trump&#8217;s agenda.
Patel has previously expressed his intent to divest&nbsp;the FBI of its intelligence-gathering&nbsp;role, instead redistributing its personnel across the country to focus on criminal pursuit, reports Reuters. 
&#8220;The biggest problem the FBI has had, has come out of its intel shops. I&#8217;d break that component out of it. I&#8217;d shut down the FBI Hoover building on day one and reopen it the next day as a museum of the deep state,&#8221; Patel said in an interview in September.
Wray was named to the post by Trump in 2017, and his 10-year term is not due to end until 2027. Trump would have to fire Wray to replace him at the start of his new administration.
Also Read: <a href="https://www.benzinga.com/politics/24/11/42027102/trump-and-musk-want-to-sidestep-senate-floor-votes-on-key-confirmations">Trump And Musk Want To Sidestep Senate Floor Votes On Key Confirmations</a>
At 44, Patel has a diverse background, having served as a federal public defender and a federal prosecutor. He was instrumental in leading the House Republicans&#8217; investigation into the FBI&#8217;s 2016 probe into contacts between Trump&#8217;s campaign and Russia.
Patel also authored a trilogy of children&#8217;s books about Trump called &#8220;The Plot Against the King,&#8221; which feature Trump as a fairy tale monarch and Patel as a knight in his service.
While Patel&#8217;s nomination is likely to face resistance from Senate Democrats and potentially some Republicans, he has garnered public support from several high-profile Republicans, including Texas Attorney General Ken Paxton.
Talking about Patel&#8217;s nomination, an FBI spokesperson told the outlet on Saturday, &#8220;Every day, the men and women of the FBI continue to work to protect Americans from a growing array of threats. Director Wray&#8217;s focus remains on the men and women of the FBI, the people we do the work with, and the people we do the work for.&#8221;
Why It Matters: Patel&#8217;s nomination as FBI Director by President-elect Trump is a clear indication of potential changes in the bureau&#8217;s operations. 
His past advocacy for a significant overhaul of the FBI and his intent to shift the bureau&#8217;s focus from intelligence gathering to criminal pursuit could lead to a major restructuring. This move also signals Trump&#8217;s readiness to replace current FBI Director Christopher Wray, despite his term not ending until 2027. 
The nomination, however, is subject to Senate confirmation and is likely to face opposition, making the future of the bureau uncertain.
Read Next
<a href="https://www.benzinga.com/news/24/11/42254953/scaramucci-on-trump-deportation-plan-were-going-to-have-a-stock-market-crash">Scaramucci on Trump Deportation Plan: &#8216;We&#8217;re Going To Have a Stock Market Crash&#8217;</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: Shutterstock

Politics

Trump Taps Loyalist Patel for FBI Director, Signaling Major Overhaul

The past week was a whirlwind of AI-related news, with major developments from the likes of Elon Musk, Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and President-elect Donald Trump. As we delve into the stories, it&#8217;s clear that AI is not just a buzzword but a driving force in shaping our future. Let&#8217;s take a look at the top stories.
Trump Team Considers &#8216;AI Czar&#8217; Role, Musk Set To Influence Federal AI Policy
The Trump administration is reportedly mulling over the creation of an &#8216;AI czar&#8217; role to steer federal policy and government usage of artificial intelligence. While Elon Musk is not a candidate for the position, he is expected to significantly influence AI policy and its applications. Musk, along with Vivek Ramaswamy, is leading Trump's Department of Government Efficiency (DOGE) and will have a say in the selection process for the AI czar.
<a href="https://www.benzinga.com/government/regulations/24/11/42186922/trump-team-considers-ai-czar-role-musk-reportedly-set-to-drive-federal-ai-policy-shift">Read the full article here.</a>
Alibaba&#8217;s New AI Model Challenges OpenAI&#8217;s Reign
Alibaba has unveiled a new AI model, QwQ-32B-Preview, which is set to compete with Microsoft Corp.-backed OpenAI's o1 reasoning model. Developed by Alibaba's Qwen team, QwQ-32B-Preview boasts 32.5 billion parameters, enabling it to handle prompts up to 32,000 words. The model is one of the few available under a permissive license, allowing for download and use.
<a href="https://www.benzinga.com/24/11/42240838/can-openais-o1-keep-up-alibabas-qwq-32b-preview-challenges-the-reigning-champion-in-ai-models">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42169194/joby-gets-toyotas-500m-dollar-lift-evtol-pioneer-making-new-highs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Joby Gets Toyota&#8217;s $500M Dollar Lift: eVTOL Pioneer Making New Highs</a>
Cathie Wood: Tesla is the &#8216;Largest AI Project On Earth&#8217;
Cathie Wood, founder and CEO of ARK Investment Management LLC, has defended the future of artificial intelligence investments, citing Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as a cornerstone of technological innovation. Wood characterized Tesla as "the largest AI project on Earth," emphasizing AI's transformative potential across multiple sectors.
<a href="https://www.benzinga.com/news/global/24/11/42238773/cathie-wood-sees-tesla-as-largest-ai-project-on-earth-heres-why-shes-not-worried-about-tech-investments">Read the full article here.</a>
Marc Benioff: Future Of AI Lies In Autonomous Agents, Not Bots
Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) CEO Marc Benioff has warned that the world is reaching the "upper limits" of large language models (LLMs) like OpenAI&#8217;s ChatGPT. Benioff believes that the next phase of AI development will focus on autonomous agents, which can perform tasks independently, rather than relying on LLMs to drive advancements.
<a href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt">Read the full article here.</a>
Elon Musk Advocates for Drones and AI in Combat Transformation
Leading tech innovators are challenging traditional warfare strategies, arguing that autonomous drones and artificial intelligence will fundamentally transform military combat. Tesla CEO Elon Musk sparked discussion by asserting that "future wars are all about drones &amp; hypersonic missiles." Analyst Pierre Ferragu proposed redirecting Defense Department budgets toward innovative startups, drawing parallels to NASA's approach two decades ago.
<a href="https://www.benzinga.com/markets/equities/24/11/42206297/amid-elon-musks-push-for-drones-and-ai-for-combat-transformation-analyst-pierre-ferragu-says-shift-the-defense-budget-in-favor-of-startups">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42053396/why-chinese-tech-giants-alibaba-bytedance-and-meituan-are-expanding-their-ai-footprints-in-silicon-valley-amid-us-efforts-to-block-progress?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China&#8217;s Tech Giants Alibaba, ByteDance, And Meituan Are Expanding Their Silicon Valley AI Footprints Amid US Efforts To Block Progress</a></li>
</ul>
Photo courtesy: 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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Tech

BABA

TSLA

Trump's AI Czar Plans, Alibaba's New Model, Cathie Wood On Tesla AI, And Musk's Combat Transformation: This Week In Artificial Intelligence

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares jumped 22.06% after securing a<a href="https://www.benzinga.com//node/42184005" target="_blank" rel="noreferrer noopener"> $6.6 billion DOE loan commitment</a>.</li>
<li>Rocket Lab USA, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock surged 21.73% after it secured a $23.9 million CHIPS Act grant to enhance its <a href="https://www.benzinga.com//node/42216210" target="_blank" rel="noreferrer noopener">semiconductor operations in New Mexico</a>.</li>
<li>Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) stock upped 20.67% after the company announced a global licensing and collaboration agreement with Arrowhead Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) for <a href="https://www.benzinga.com//node/42196870" target="_blank" rel="noreferrer noopener">multiple clinical and preclinical siRNA programs</a>.</li>
<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) stock increased 16.98%. The Centers for Medicare &amp; Medicaid Services posted final payment determinations for its <a href="https://www.benzinga.com//node/42195803" target="_blank" rel="noreferrer noopener">2025 Clinical Laboratory Fee Schedule</a>.</li>
<li>Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) shares rose 16.29%. Wedbush Securities analyst Daniel Ives has significantly increased his optimism on the next phase of the AI revolution, focusing on its <a href="https://www.benzinga.com//node/42171519" target="_blank" rel="noreferrer noopener">transformative impact on the software sector</a>.</li>
<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) shares upped 14.13%. Citigroup analysts raised the<a href="https://www.benzinga.com/quote/ulta/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast on the stock</a>.</li>
<li>Moderna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) <a href="https://www.benzinga.com//node/42197195" target="_blank" rel="noreferrer noopener">shares surged 12.58%</a> last week.</li>
<li>Ralph Lauren Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>) stock gained 11.72% last week.</li>
<li>Copart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) stock was up 11.41% after the company reported better-than-expected Q1 sales results.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) stock increased 12.18%. Citigroup analysts raised the <a href="https://www.benzinga.com/quote/snap/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
</ol>
Photo by rblfmr via Shutterstock

CPRT

ESTC

EXAS

MRNA

RIVN

RKLB

SNAP

ULTA

Rivian Automotive, Rocket Lab And Moderna Are Among Top 10 Large-Cap Gainers Last Week (Nov 25-Nov 29): Are The Others In Your Portfolio?

Black Friday, known for its enticing discounts on the latest technology, may not always deliver the bargains shoppers expect. A recent study by KnownHost revealed that nearly a third of these <a href="https://www.benzinga.com/news/retail-sales/24/11/42220200/black-friday-discounts-too-good-to-be-true-survey-shows-only-42-of-sales-are-authentic" target="_blank" rel="noreferrer noopener">"deals" aren't genuine savings at al</a>l.
Earnings
HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) reported fourth-quarter earnings of 93 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in $14.05 billion, which beat the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42203410/hp-stock-drops-after-q4-results-weak-forward-guidance-details" rel="noreferrer noopener">analyst consensus estimate of $13.99 billion</a>.
Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) reported third-quarter earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details" rel="noreferrer noopener">the consensus estimate of $24.65 billion</a>.
Gaming
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) unveiled December PS Plus games, including It Takes Two, Aliens: Dark Descent, and TemTem, <a target="_blank" href="https://www.benzinga.com/24/11/42222962/ps-plus-december-lineup-new-games-exclusive-trials-30th-anniversary-surprises" rel="noreferrer noopener">available from Dec. 3 to Jan. 6</a>.
Sony is reportedly preparing to introduce black versions of its DualSense Edge controller, Pulse Elite wireless headphones and, <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42172580/black-playstation-accessories-may-appear-ahead-of-holiday-season-dealabs" rel="noreferrer noopener">Pulse Explore&nbsp;wireless earbuds</a>.
Ubisoft Montreal is reportedly developing a social simulation game codenamed Alterra, blending elements inspired by Nintendo ADR‘s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) <a href="https://www.benzinga.com/general/gaming/24/11/42222155/animal-crossing-meets-minecraft-in-ubisofts-upcoming-game-report">Animal Crossing</a> and Microsoft Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Minecraft.
Nintendo settled one of the longest-running debates among The Legend of Zelda fans by confirming where Echoes of Wisdom fits in <a href="https://www.benzinga.com/24/11/42195150/nintendo-confirms-where-echoes-of-wisdom-falls-in-the-zelda-timeline" target="_blank" rel="noreferrer noopener">the franchise&#8217;s intricate timeline</a>.
Activision says its Ricochet anti-cheat team has banned 19K accounts from Call of Duty: Black Ops 6 <a href="https://www.benzinga.com/general/gaming/24/11/42198567/19000-bans-and-counting-but-players-say-cheating-still-dominates-call-of-duty-black-ops-6" target="_blank" rel="noreferrer noopener">ranked play since Nov. 21 launch</a>.
CD Projekt SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OTGLY#OTC">OTGLY</a>) announced that Project Polaris, the first installment in a new Witcher trilogy, has transitioned <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42199470/project-polaris-hits-full-scale-production-whats-next-for-the-witcher-and-cd-projekt" rel="noreferrer noopener">from preproduction to&nbsp;full-scale production</a>.
Technology
The U.S. government reportedly plans to reduce&nbsp;Intel Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) <a target="_blank" href="https://www.benzinga.com/markets/24/11/42185698/qualcomms-interest-in-taking-over-intel-wanes-due-to-complexities-involved-report" rel="noreferrer noopener">$8.5 billion federal chips grant</a>.
Russian-linked hacking group RomCom has exploited vulnerabilities in Mozilla Firefox and Microsoft&#8216;s Windows to target users <a href="https://www.benzinga.com/24/11/42208148/russian-hackers-launch-widespread-cyber-assault-using-firefox-and-windows-zero-days-what-you-need-to-know-about-the-romcom-exploit" target="_blank" rel="noreferrer noopener">across Europe and North America</a>.
Telegram&nbsp;has reported significant financial growth in the first half of 2024, with revenue reaching $525 million, driven by strong performance in cryptocurrency holdings. This is despite ongoing <a target="_blank" href="https://www.benzinga.com/24/11/42180964/telegrams-crypto-boom-shields-business-amid-founder-pavel-durovs-legal-troubles-revenue-soars-to-525m-in-2024" rel="noreferrer noopener">legal challenges facing its CEO,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42180964/telegrams-crypto-boom-shields-business-amid-founder-pavel-durovs-legal-troubles-revenue-soars-to-525m-in-2024" rel="noreferrer noopener">Pavel Durov</a>.
Smartphone
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly changing its approach to software updates. The tech giant appears to be opting for staggered rollouts of new features instead of bundling <a target="_blank" href="https://www.benzinga.com/24/11/42183616/apple-could-delay-key-ios-19-features-plans-shifting-to-staggered-rollouts-with-2026-siri-overhaul-and-more" rel="noreferrer noopener">everything into annual iOS releases</a>.
Apple unveiled its&nbsp;Black Friday 2024&nbsp;promotion, running from Nov. 29 to Dec. 2, offering customers gift cards with the purchase of eligible <a target="_blank" href="https://www.benzinga.com/24/11/42155932/apple-black-friday-2024-get-up-to-200-in-gift-cards-on-iphones-macs-airpods-and-more-heres-everything-you-need-to-know" rel="noreferrer noopener">products instead of direct discounts</a>.
Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) is set to launch its own mobile processor for future smartphones, aiming to lessen its dependency on foreign suppliers like&nbsp;Qualcomm Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) <a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">MediaTek Inc</a><a target="_blank" href="https://www.benzinga.com/tech/24/11/42190353/xiaomi-set-to-challenge-qualcomm-mediatek-as-it-ventures-into-chipmaking-once-again" rel="noreferrer noopener">.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDTKF#OTC">MDTKF</a>)</a>.
China&#8217;s&nbsp;Huawei Technologies will replace&nbsp;Google&#8217;s Android&nbsp;with its in-house developed operating system in smartphones <a target="_blank" href="https://www.benzinga.com/media/24/11/42207001/apples-premium-phone-reign-in-china-meets-challenger-in-huaweis-mate-70-as-new-smartphone-breaks-free-from-googles-grip" rel="noreferrer noopener">and tablets starting next year</a>.
Elon Musk
Elon Musk-led&nbsp;SpaceX has obtained a commercial license from the&nbsp;Federal Communications Commission (FCC) for its&nbsp;Starlink Direct-to-Cell service. This marks a pivotal step in expanding the reach of <a target="_blank" href="https://www.benzinga.com/general/space/24/11/42208569/spacexs-starlink-direct-to-cell-service-gets-commercial-license-from-fcc-heres-what-it-means" rel="noreferrer noopener">satellite-based mobile connectivity</a>.
Elon Musk‘s company,&nbsp;Neuralink, is set to initiate a new feasibility trial involving its innovative brain implant technology and a robotic arm. This trial aims to explore the safety and effectiveness of Neuralink's&nbsp;wireless <a target="_blank" href="https://www.benzinga.com/tech/24/11/42181583/elon-musks-neuralink-to-launch-new-feasibility-trial-with-brain-implant-and-robotic-arm" rel="noreferrer noopener">brain-computer interface and surgical&nbsp;robot</a>.
Artificial Intelligence (AI)
Tesla&nbsp;and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;has announced that his artificial intelligence startup,&nbsp;xAI, will <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42229052/elon-musks-xai-plans-to-make-games-great-again-with-ai-driven-game-studio-can-his-vision-reshape-a-gaming-industry-dominated-by-large-corporations" rel="noreferrer noopener">start an AI-driven game studio</a>.&nbsp;
ChatGPT-maker&nbsp;OpenAI&#8217;s&nbsp;unreleased&nbsp;Sora&nbsp;text-to-video AI model has reportedly been leaked by a group of beta testers <a target="_blank" href="https://www.benzinga.com/24/11/42206104/openais-sora-video-model-leak-exposes-deep-rift-with-artists-unpaid-rd-pr-puppets-and-content-approval-fury-what-you-need-to-know" rel="noreferrer noopener">protesting its handling of artists</a>.
Salesforce, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) CEO&nbsp;Marc Benioff&nbsp;has warned that the world is reaching the "upper limits" of large language <a target="_blank" href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt" rel="noreferrer noopener">models (LLMs) like&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt" rel="noreferrer noopener">OpenAI&#8217;s ChatGPT</a>.

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Consumer Tech News (Nov 25-Nov 29): Sony Brings December PS Plus Games, Elon Musk Initiating Trial On Brain Implant Tech & More

Cryptocurrency Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has surged, reaching an eight-month high amid a <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39127538/massive-shiba-inu-burn-ignites-hope-for-price-recovery-despite-market-downturn">meme coin rally</a>.
What Happened: On Sunday, Shiba Inu, the second-largest dog-centric cryptocurrency by market capitalization, surged. The Ethereum-based token spiked to $0.00003061. SHIB is up by more than 13% for the day. The last time Shiba Inu hit such a high was on April 1.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42254813/shiba-inu-burn-skyrockets-7400-nearly-2b-tokens-destroyed">SHIB has seen a massive 7,400% increase in its weekly burn rate</a>, with around 2 billion tokens being destroyed. This development has sparked renewed optimism about SHIB's price potential.
Official tracker Shibburn reported a 7,418% surge in the SHIB weekly burn&nbsp;on Saturday. This&nbsp;followed the removal of 1.93 billion coins from the meme token's market supply.
The total supply of the meme coin stood at 589.26 trillion tokens&nbsp;at the time of reporting.
Increasing&nbsp;Shiba Inu whale accumulations have&nbsp;also added to market optimism surrounding&nbsp;the coin's&nbsp;price action ahead. According to a report, a major whale to&nbsp;have continued acquiring&nbsp;the token amid a bull&nbsp;market.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42154817/crypto-analyst-sees-shiba-inu-surging-more-than-2000-in-coming-rally">Crypto Analyst Sees Shiba Inu Surging More Than 2,000% In Coming Rally</a>
Among the top 50 cryptocurrencies&nbsp;by market cap, SHIB is&nbsp;the leading gainer, with Filecoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/fil/usd">FIL</a>) trailing&nbsp;with a 10% increase. While&nbsp;Shiba Inu leads the pack,&nbsp;other dog-themed meme coins have&nbsp;displayed&nbsp;mixed performance. 
Dogecoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), the most well-known meme coin, is nearing&nbsp;a one-week high with a&nbsp;current price above $0.43, marking&nbsp;a 3% increase for the&nbsp;day. 
Last Saturday, DOGE hit&nbsp;a three-year high of $0.475,&nbsp;and it has soared&nbsp;by 164% over the past&nbsp;month.
Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>) and&nbsp;Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) have each recorded modest gains of roughly&nbsp;1% over the past 24&nbsp;hours.
However, Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>), another Ethereum-based&nbsp;token, has surged&nbsp;by nearly 6% today. 
Why It Matters: The recent surge in Shiba Inu&#8217;s price highlights the growing popularity of meme coins in the cryptocurrency market. These digital assets, often inspired by internet culture and memes, have been gaining traction due to their potential for high returns. 
However, their volatile nature also poses significant risks for investors. The performance of Shiba Inu and other meme coins like Dogecoin underscores the speculative nature of these investments and the influence of social media trends on cryptocurrency markets.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37573802/forget-dogecoin-and-shiba-inu-this-meme-coin-has-surged-nearly-70-in-just-24-hours" target="_blank" rel="noreferrer noopener">Forget Dogecoin And Shiba Inu — This Meme Coin Has Surged Nearly 70% In Just 24 Hours</a>

$BONK

$FIL

$FLOKI

$SHIB

$WIF

Shiba Inu Soars To Eight-Month High, Up 13% as Meme Coins Rally

This week was packed with significant developments in the electric vehicle sector, featuring major players like Elon Musk, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>). From legal battles to strategic partnerships, the industry saw a flurry of activity that could shape the future of EVs.
Let&#8217;s dive into the top stories that made headlines over the weekend.
Elon Musk Criticizes California&#8217;s EV Rebate Proposal
Elon Musk&nbsp;expressed strong disapproval of a new proposal from California Governor&nbsp;Gavin Newsom&nbsp;that could exclude&nbsp;Tesla&nbsp;vehicles from consumer rebates. The proposal aims to offer incentives for EV buyers if&nbsp;Donald Trump&nbsp;eliminates the federal $7,500 tax credit upon his return to the White House. Newsom&#8217;s plan reportedly includes &#8220;market-share limitations&#8221; that would disqualify Tesla&#8217;s popular models from receiving tax credits.
<a href="https://www.benzinga.com/tech/24/11/42183055/elon-musk-slams-californias-proposal-to-shut-tesla-evs-out-of-consumer-rebates-in-state-this-is-insane">Read the full article&nbsp;here</a>.
Tesla And Rivian Resolve Battery Tech Dispute
After nearly four years of legal wrangling,&nbsp;Tesla&nbsp;and&nbsp;Rivian&nbsp;are close to settling a lawsuit over alleged theft of battery technology. The dispute began in 2020 when Tesla accused Rivian of hiring former employees who took confidential engineering data with them. The case expanded to include claims of Rivian stealing core battery technology, eventually going to trial last year.
<a href="https://www.benzinga.com/24/11/42156817/tesla-rivian-settle-battery-tech-theft-dispute-after-nearly-4-years">Read the full article&nbsp;here</a>.
See Also: <a href="https://www.benzinga.com/24/11/42250188/aluminums-abundance-falls-short-of-replacing-copper">Aluminum Falls Short As Copper Substitute, Says Pacific Northwest Lab</a>
Tesla Enhances Referral Program Amid Delivery Push
In a bid to meet its ambitious delivery target of 515,000 vehicles for the fourth quarter,&nbsp;Tesla&nbsp;has revamped its referral program across North America. The updated program offers increased discounts and rewards, with special incentives for the Cybertruck. These changes were announced through one of Tesla&#8217;s official accounts on X.
<a href="https://www.benzinga.com/markets/24/11/42207185/tesla-sweetens-referral-program-allowing-customers-to-earn-up-to-10000-as-elon-musks-ev-giant-races-to-500k-q4-delivery-target">Read the full article&nbsp;here</a>.
Volkswagen Partners with Rivian for Project Trinity
Volkswagen&nbsp;is collaborating with&nbsp;Rivian&nbsp;to power its upcoming flagship EV, known as &#8220;Project Trinity.&#8221; This partnership is part of a $5.8 billion joint venture to integrate Rivian&#8217;s advanced architecture into Volkswagen&#8217;s future models. Project Trinity, initially delayed, will feature Level 4 autonomous driving capabilities, allowing Volkswagen to focus on launching an electrified version of the Golf.
<a href="https://www.benzinga.com/24/11/42241218/rivian-to-power-volkswagens-upcoming-flagship-ev-project-trinity">Read the full article&nbsp;here</a>.
Tragic Tesla Cybertruck Crash in California
A&nbsp;Tesla&nbsp;Cybertruck crash in Piedmont, California, resulted in three fatalities and one serious injury. The vehicle reportedly caught fire after the crash, prompting a swift response from local authorities. Piedmont Police Chief&nbsp;Jeremy Bowers&nbsp;suggested that excessive speed might have contributed to the single-vehicle accident. A fellow attendee managed to rescue the surviving victim from the burning vehicle.
<a href="https://www.benzinga.com/tech/24/11/42229340/tesla-cybertruck-crash-in-california-claims-3-lives-leaves-1-seriously-injured">Read the full article&nbsp;here</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42211766/dan-ives-compares-newsom-vs-musk-battle-to-jake-paul-vs-tyson-warns-of-californias-job-migration-risk-to-texas?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dan Ives Compares Newsom Vs. Musk Battle To Jake Paul Vs. Tyson, Warns Of California&#8217;s Job Migration Risk To Texas</a></li>
</ul>
Photo courtesy: Tesla
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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Elon Musk On California's EV Rebate Proposal, Tesla Dispute Settlements, And Rivian Powering Upcoming Volkswagen EV: This Week In EVs

As we wrap up another eventful week, it&#8217;s clear that&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;has been making significant waves in the tech world. From potential delays in key iOS 19 features to the company&#8217;s Black Friday deals, there&#8217;s a lot to unpack. Let&#8217;s dive into the top five stories that have kept Apple in the headlines.
Apple&#8217;s iOS 19 Features May See Delays
According to Bloomberg&#8217;s Mark Gurman, Apple is shifting its software update strategy. Instead of bundling new features into annual iOS releases, the tech giant is reportedly opting for staggered rollouts. This means that several features initially set for release in the latter half of 2025 may now be delayed.
<a href="https://www.benzinga.com/24/11/42183616/apple-could-delay-key-ios-19-features-plans-shifting-to-staggered-rollouts-with-2026-siri-overhaul-and-more">Read the full article here.</a>
No Major Updates for AirPods Max Headphones
Apple&#8217;s premium AirPods Max headphones may not see significant updates in the near future, as per Mark Gurman. The $550 device occupies a unique position &#8211; it&#8217;s not successful enough to warrant substantial R&amp;D investment, yet it&#8217;s not underperforming enough to discontinue.
<a href="https://www.benzinga.com/tech/24/11/42182829/apple-could-keep-airpods-max-headphones-around-without-meaningfully-updating-them-says-analyst-heres-why">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/general/space/24/11/42208569/spacexs-starlink-direct-to-cell-service-gets-commercial-license-from-fcc-heres-what-it-means?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX&#8217;s Starlink Direct-To-Cell Service Gets Commercial License From FCC: Here&#8217;s What It Means</a>
Tim Cook&#8217;s Trump Strategy
Apple CEO Tim Cook&#8216;s approach to building a relationship with Donald Trump during his presidency reportedly gave Cupertino unique advantages over competitors. Cook often bypassed lobbyists and government relations executives, opting instead for one-on-one meetings and phone calls with Trump.
<a href="https://www.benzinga.com/24/11/42158580/how-tim-cooks-strategy-to-win-over-trump-gave-apple-a-competitive-edge-and-why-sundar-pichai-mark-zuckerberg-and-others-might-be-following-his-playbook">Read the full article here.</a>
Apple&#8217;s 2024 Black Friday Deals
Apple&#8217;s Black Friday 2024 promotion offered customers gift cards with the purchase of eligible products instead of direct discounts. The deals included gift cards ranging from $25 to $200, depending on the product.
<a href="https://www.benzinga.com/24/11/42155932/apple-black-friday-2024-get-up-to-200-in-gift-cards-on-iphones-macs-airpods-and-more-heres-everything-you-need-to-know">Read the full article here.</a>
Elon Musk Praises AirPods Pro 2&#8217;s Hearing Aid Feature
Tesla Inc. CEO Elon Musk endorsed Apple&#8217;s latest health technology innovation &#8211; the AirPods Pro 2&#8217;s new hearing aid capabilities. This development comes as Apple transforms its popular wireless earbuds into clinical-grade hearing assistance devices.
<a href="https://www.benzinga.com/news/global/24/11/42240301/elon-musk-calls-apple-airpods-pro-2s-hearing-aid-feature-cool-as-tim-cook-celebrates-the-innovation">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42053396/why-chinese-tech-giants-alibaba-bytedance-and-meituan-are-expanding-their-ai-footprints-in-silicon-valley-amid-us-efforts-to-block-progress?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China&#8217;s Tech Giants Alibaba, ByteDance, And Meituan Are Expanding Their Silicon Valley AI Footprints Amid US Efforts To Block Progress</a></li>
</ul>
Photo courtesy: 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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Features Delay In iOS 19, Tim Cook's Trump Strategy, And Airpods Pro 2's Hearing Aid Feature: This Week In Appleverse

The week was packed with significant economic and political developments, capturing the attention of markets and analysts alike. From&nbsp;Donald Trump&#8216;s bold tariff announcements to&nbsp;Canada&#8216;s potential countermeasures, the news cycle was anything but dull. Meanwhile, economic forecasts and consumer confidence reports added layers to the unfolding narrative.
Trump&#8217;s Tariff Threats
President-elect announced plans to impose a 25% tariff on imports from&nbsp;Mexico&nbsp;and&nbsp;Canada. This move, aimed at addressing border issues, was shared on Truth Social, where Trump described the situation as an &#8220;invasion&#8221; contributing to crime and drug problems. He also criticized&nbsp;China&nbsp;for not controlling fentanyl flow into the U.S., proposing a 10% tariff increase on Chinese goods.
<a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">Read the full article&nbsp;here</a>.
Canada Plans Retaliatory Tariffs
Canada&#8217;s retaliatory measures&nbsp;are in the works as the country prepares to respond to Trump&#8217;s tariff threats. A senior Canadian official revealed that discussions are ongoing to target specific U.S. products if the proposed tariffs are enacted. This comes as Trump reiterates his tough stance on trade, linking it to border security issues.
<a href="https://www.benzinga.com/24/11/42225506/canada-prepares-retaliatory-tariffs-as-trumps-threat-looms-analysts-warn-of-further-loonie-weakness">Read the full article&nbsp;here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42202496/goldman-sachs-expects-major-selloffs-in-canadian-dollar-mexican-peso-says-trump-tariffs-threaten-usmca-agreement?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Goldman Sachs Expects Major Selloffs In Canadian Dollar, Mexican Peso, Says Trump Tariffs Threaten USMCA Agreement</a>
Bessent's Economic Reordering Plans
Scott Bessent&#8217;s economic vision&nbsp;outlines a &#8220;global economic reordering&#8221; under Trump&#8217;s administration. The Treasury Secretary pick plans to make tax cuts permanent and eliminate taxes on tips and overtime pay. Bessent also aims to maintain the dollar&#8217;s status as the world&#8217;s reserve currency while implementing tariffs and reducing government spending.
<a href="https://www.benzinga.com/news/24/11/42158330/trumps-treasury-secretary-pick-scott-bessent-says-a-global-economic-reordering-is-on-the-way-argues-president-elects-policies-will-lead-to-an-economic-lollapalooza">Read the full article&nbsp;here</a>.
Lary Summers Warns Of Inflation Risks
Larry Summers&#8217; inflation warning&nbsp;highlights potential economic disruptions from Trump&#8217;s policies. The former Treasury Secretary warns that the proposed agenda could lead to an inflation shock greater than recent experiences. Summers points to significant demand-side stimulus and supply-side disruptions as key concerns.
<a href="https://www.benzinga.com/news/global/24/11/42180906/larry-summers-warns-trump-policies-could-trigger-far-larger-stimulus-to-inflation-than-bidens-actions-as-sp-500-surges-markets-go-up-markets-go-down">Read the full article&nbsp;here</a>.
Consumer Confidence Hits Two-Year High
Consumer confidence surge&nbsp;marks a positive note as the Consumer Confidence Index reaches a two-year high. The Conference Board&#8217;s data shows an increase from 111.3 in October to 111.7 in November, driven by a stronger labor market and reduced recession fears. This optimism is reflected in the stock market&#8217;s record highs.
<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42194139/consumer-confidence-hits-2-year-high-as-recession-fears-fade-stock-market-optimism-soars-to-record-high">Read the full article&nbsp;here</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42216384/feds-favorite-inflation-gauge-heats-up-as-predicted-personal-incomes-soar-december-interest-rate-cut-in-doubt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Fed&#8217;s Favorite Inflation Gauge Heats Up As Predicted, Personal Incomes Soar</a></li>
</ul>
Photo courtesy: 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/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Media

Trump's Tariff Plans, Canada's Possible Retaliation, And Larry Summers' Inflation Risk Warning: This Week In Economics

Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) will release earnings results for its first quarter, after the <a href="https://www.benzinga.com/quote/ZS/earnings">closing bell on Monday, Dec. 2</a>.
Analysts expect the San Jose, California-based bank to report quarterly earnings at 63 cents per share, down from 67 cents per share in the year-ago period. Zscaler projects to report revenue of $605.55 million for the recent quarter, compared to $496.7 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 3, Zscaler reported fiscal fourth-quarter revenue of $592.9 million, beating the consensus estimate of $567.933 million.
Zscaler shares fell 2.5% to close at $204.96 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>BTIG analyst Gray Powell maintained a Buy rating and raised the price target from $205 to $238 on Nov. 27. This analyst has an accuracy rate of 77%.</li>
<li>Jefferies analyst Joseph Gallo maintained a Buy rating and increased the price target from $225 to $245 on Nov. 26. This analyst has an accuracy rate of 78%.</li>
<li>Keybanc analyst Eric Heath maintained an Overweight rating and increased the price target from $220 to $245 on Nov. 22. This analyst has an accuracy rate of 78%.</li>
<li>Barclays analyst Saket Kalia maintained an Overweight rating and increased the price target from $200 to $220 on Nov. 21. This analyst has an accuracy rate of 75%.</li>
<li>Stifel analyst Adam Borg maintained a Buy rating and boosted the price target from $220 to $235 on Nov. 14. This analyst has an accuracy rate of 78%.</li>
</ul>
Read This Next:<a href="https://www.benzinga.com/markets/24/11/42221018/jim-cramer-reddit-is-fabulous-dow-is-a-tough-one"> </a>
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<li><a href="https://www.benzinga.com/markets/24/11/42221018/jim-cramer-reddit-is-fabulous-dow-is-a-tough-one">Jim Cramer: Reddit Is &#8216;Fabulous,&#8217; Dow Is A &#8216;Tough&#8217; One</a></li>
</ul>

Earnings

Zscaler Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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