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Chijet Motor Co

Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.

Chijet Motor Company, Inc. - Ordinary Shares

Chijet Motor Co Inc

Popular podcast host Joe Rogan has endorsed Republican nominee Donald Trump for president. His endorsement came after the latest episode of the Joe Rogan Experience, which featured Elon Musk, was made public.
What Happened: On Monday, while releasing his latest podcast on YouTube and X, formerly Twitter, Rogan announced his support for Trump, saying that the Tesla CEO &#8220;makes the most compelling case&#8221; for the former President.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The great and powerful <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a>. If it wasn&#39;t for him we&#39;d be fucked. He makes what I think is the most compelling case for Trump you&#39;ll hear, and I agree with him every step of the way. For the record, yes, that&#39;s an endorsement of Trump. Enjoy the podcast <a href="https://t.co/LdBxZFVsLN">pic.twitter.com/LdBxZFVsLN</a>
&mdash; Joe Rogan (@joerogan) <a href="https://twitter.com/joerogan/status/1853614670764015762?ref_src=twsrc%5Etfw">November 5, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/11/41733346/obamas-former-campaign-manager-alarmed-by-early-voting-numbers-as-harris-trump-fight-close-battle-re?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama&#8217;s Former Campaign Manager Alarmed By Early Voting Numbers As Harris-Trump Fight Close Battle: &#8216;Republicans Didn&#8217;t Do What They Did Last Time&#8217;</a>
The podcast featuring Musk delved into multiple subjects, including the mental benefits of <a href="https://www.benzinga.com/general/gaming/24/05/38635599/level-up-with-elon-tesla-ceo-musk-reveals-his-top-video-game-picks-with-great-storylines">video games</a>, with the tech mogul suggesting that gaming skills could be indicative of surgical proficiency.
The iconic duo also discussed diet and cognitive health, dismissing the notion that reducing meat consumption significantly impacts climate change.
Free speech and censorship on social media were also discussed, with Rogan thanking Musk <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">for buying Twitter</a> and criticizing the platform&#8217;s decision to de-platform Trump. Musk called the decision &#8220;insane.&#8221;
The conversation also touched on government control, misinformation, government overreach, and the vaccine debate. Musk compared the pharmaceutical industry and the FDA to the tobacco industry.
Musk also accused the Department of Justice of going after his company, SpaceX, for <a href="https://www.benzinga.com/23/08/34060586/elon-musk-calls-out-dojs-double-standards-following-federal-agencys-spacex-lawsuit-over-immigrant-hi">not hiring immigrants</a>, even though it's illegal for them to hire non-permanent residents. &#8220;We're damned if we do, damned if we don't.&#8221;
Why It Matters: The 2024 U.S. presidential election is scheduled for Nov. 5 2024 where Democratic nominee Kamala Harris will face off against Republican candidate Trump.
Harris had a slight lead over Trump in the <a href="https://www.benzinga.com/general/politics/24/11/41733277/harris-vs-trump-vice-president-has-two-point-lead-in-final-election-poll-swing-states-remain-clo">final Morning Consult poll</a> before the 2024 presidential election. However, her odds in prediction markets and betting odds have trailed the former president by a wide margin.
The final Emerson poll predicted a<a href="https://www.benzinga.com/general/politics/24/11/41728436/trump-vs-harris-2024-election-deadlocked-final-emerson-poll-shows-one-candidate-with-small-edge-"> close head-to-head matchup</a>, contradicting the commanding victory for Trump forecasted by prediction markets and sportsbooks.
On the final day before the election, Trump regained his advantage over Harris in online prediction markets. However, data analysts from FiveThirtyEight and Nate Silver suggested <a href="https://www.benzinga.com/general/politics/24/11/41730670/prediction-markets-swing-back-to-trump-but-data-analysts-say-its-too-close-to-call">that the race was too close to call</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41701283/trump-praises-his-beautiful-white-skin-after-criticizing-harris?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Praises His &#8216;Beautiful White Skin&#8217; After Criticizing Harris</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.

News

Politics

Tech

Joe Rogan Endorses Trump As Elon Musk Presents 'Compelling Case' For Ex-President: Here's What The Duo Discussed

The leader of dog-themed cryptocurrencies, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), surged Monday after Elon Musk mentioned DOGE, an acronym for the potential Department of Government Efficiency, during a podcast with Joe Rogan.
What happened: The largest meme coin by market capitalization jumped over 6% in the last 24 hours, rising to the top of the daily gainers list.
The token's trading volume spiked 30% to nearly $2.8 billion in the last 24 hours, making it the fourth-most traded cryptocurrency in the period if one were to exclude stablecoins.
The latest uptick reversed DOGE's downward trend over the weekend, with monthly returns shooting past 47% as of this writing.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41705004/peanut-the-squirrel-themed-meme-coins-surge-amid-social-media-outrage-over-celebrity-anima">Peanut The Squirrel-Themed Meme Coins Surge Amid Social Media Outrage Over Celebrity Animal&#8217;s Death: Trump will Save The Squirrels, Says Elon Musk</a>
Unsurprisingly, the rally was powered by yet another reference to DOGE by Musk on the famous Joe Rogan Experience podcast that aired Monday.
Musk explained the rationale behind setting up the so-called government efficiency department was to cut through the tangle of federal bureaucracy.
"So we got this vast, suffocating federal bureaucracy that just gets bigger every year, and eventually you get to the point where everything&#8217;s illegal. You can&#8217;t get anything done, " the Tesla and SpaceX CEO said.
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Why It Matters: Musk has been frequently touting DOGE from X posts to political rallies of late, triggering sharp but short-lived rallies for the associated meme token.
In an <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41220500/elon-musk-says-potential-doge-department-under-a-trump-administration-will-be-a-garbage-co">earlier interview</a> with popular media personality Tucker Carlson, Musk said that the efficiency department would act as a &#8220;garbage collection&#8221; for regulations that don&#8217;t make sense.&nbsp;
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.1621, up 6.48% 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>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41703454/analyst-says-this-crypto-could-explode-by-up-to-3-765-and-it-is-not-bitcoin-or-solana">Analyst Says This Crypto Could Explode By Up To 3.765%, And It Is Not Bitcoin Or Solana</a></li>
</ul>

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

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$DOGE

Elon Musk's 'DOGE' Department Mention Gives Dogecoin Boost To Top Of Daily Gainers: Memecoin Spikes 6%

On Monday, Cathie Wood-led Ark Invest made significant trades, with the most notable being the trades in Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Amazon.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The Block Inc. Trade
Ark Invest sold a total of 232,063 shares of Block Inc across its Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) funds. This move comes despite the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-focused company&#8217;s <a href="https://www.benzinga.com/markets/equities/24/10/41349494/cathie-woods-ark-offloads-1-28m-in-jack-dorseys-block-shares-despite-bitcoin-rally">recent positive second-quarter results</a>, which showcased growth in its Cash App and strategic innovations. 
CEO Jack Dorsey, announced a <a href="https://www.benzinga.com/news/24/10/41646193/block-ceo-jack-dorsey-announces-another-round-of-layoffs-at-tidal">new round of layoffs</a> at Tidal, aiming to restructure the company like a startup with a smaller team focused on engineering and design. Block, which acquired Tidal in 2021, has faced challenges competing in the streaming market.
 The value of the trade, based on the closing price of $72.69 per share on Monday, is approximately $16.9 million. 
The Palantir Trade: Ark Invest&#8217;s ARKK and ARKF ETF sold 158,457 shares of Palantir. Given Palantir&#8217;s closing price of $41.41 on Monday, the value of this trade amounts to approximately $6.7 million. This move came amid Palantir&#8217;s recent third-quarter earnings report, which exceeded expectations.
As <a href="https://www.benzinga.com/news/earnings/24/11/41730179/palantir-q3-earnings-revenue-beat-eps-beat-customers-up-39-raises-guidance-results-driven-by-unrele">reported by Benzinga</a>, Palantir&#8217;s third-quarter earnings showcased a revenue of $725.52 million, beating the consensus estimate of $701.13 million. The company&#8217;s total revenue was up 30% year-over-year, with U.S. revenue growing 44% year-over-year to $499 million. The U.S. Commercial revenue grew 54% year-over-year, and U.S. Government revenue climbed 40% year-over-year.
Despite these strong financial results, Ark Invest&#8217;s decision to offload Palantir shares aligns with their <a href="https://www.benzinga.com/markets/equities/24/10/41674556/cathie-wood-bets-big-on-mark-zuckerberg-ark-pours-19m-into-meta-shares-dumps-palantir-and-tesla-">recent trend</a> of reducing holdings in the company.
The Coinbase Global Inc. Trade
Ark Invest&#8217;s ARKF fund bought 24,474 shares of Coinbase. The transaction was valued at $4.6 million. On Monday Coinbase shares ended the day 1.85% higher at $186.27. 
At the end of October, the company reported <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41637702/coinbase-q3-earnings-highlights-revenue-miss-eps-miss-transaction-revenue-falls-from-q2">third-quarter revenue</a> of $1.21 billion and earnings of $0.28 per share, both missing analyst expectations. Trading volume and transaction revenue declined quarter-over-quarter, while the company saw continued growth in its Base Layer Two network. Coinbase expects increased sales and marketing expenses in Q4 and highlighted the 2024 U.S. election as a potential factor for market volatility.
The Meta Platforms Inc Trade
Ark Invest&#8217;s ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) fund bought 6,153 shares of Meta Platforms Inc. This purchase follows Meta&#8217;s third-quarter financial results, which <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">beat analyst estimates</a> for both revenue and earnings per share. The value of the trade, based on the closing price of $560.68 per share on Monday, is approximately $3.45 million.
The Tesla Trade: Ark Invest&#8217;s ETFs, ARKK and ARKW, sold a total of 9,984 shares of Tesla. Based on Tesla&#8217;s closing price of $242.84 on Monday, the value of this trade is approximately $2.42 million. This move comes in the wake of a <a href="https://www.benzinga.com/news/24/11/41708446/tesla-shares-slide-in-pre-market-as-sales-of-elon-musk-led-companys-made-in-china-evs-drop-in-octobe">reported decline</a> in Tesla&#8217;s China-made vehicle deliveries in October, which saw a 5.3% drop compared to the same period last year.
This decision to sell Tesla shares is not new. Ark Invest has been <a href="https://www.benzinga.com/markets/equities/24/10/41642374/cathie-wood-shuffles-her-tech-deck-continues-dumping-tesla-and-palantir-stocks-up-on-amd-and-met">gradually reducing</a> its Tesla holdings.
The Amazon Trade: Ark Invest&#8217;s ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) purchased 5,843 shares of Amazon. With Amazon&#8217;s closing price at $195.78 on Monday, the trade&#8217;s value stands at approximately $1.14 million. This acquisition follows Amazon&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41664778/amazon-q3-earnings-highlights-revenue-beat-eps-beat-q4-guidance-new-kindles-significantly-outperfor">strong Q3 performance</a>, with net sales up 11% year-over-year, significantly outperforming market expectations.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41699095/dogecoin-set-for-parabolic-bull-run-in-november-says-analyst-keep-an-eye-out-for-a-sustain?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Set For &#8216;Parabolic Bull Run&#8217; In November, Says Analyst: &#8216;Keep An Eye Out For A Sustained Close&#8217; Above This Level</a>
Other Key Trades: 
<ul>
<li>Ark Invest&#8217;s ARKF fund sold shares of Draftkings Inc (DKNG) and bought shares of Shopify Inc (SHOP). </li>
<li>Ark Invest&#8217;s ARKG fund bought shares of Illumina Inc (ILMN) and sold shares of Standard BioTools Inc (LAB). The firm purchased shares of Moderna Inc (MRNA) and shares of Nurix Therapeutics Inc (NRIX), as well as those of Senti Biosciences Inc (SNTI).</li>
<li>Ark Invest&#8217;s ARKK fund bought shares of Recursion Pharmaceuticals Inc (RXRX). The firm also purchased shares of Twist Bioscience Corp (TWST), and shares of Beam Therapeutics Inc (BEAM).</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41705158/cathie-wood-says-trumps-ideas-on-eliminating-income-tax-and-imposing-tariffs-brings-back-vibes-of-ea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Says Trump&#8217;s Ideas On Eliminating Income Tax And Imposing Tariffs Brings Back Vibes Of &#8216;Early Days Of Our Country&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

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$BTC

AMZN

ARKF

ARKK

ARKQ

ARKW

COIN

PLTR

TSLA

Cathie Wood's Latest Shake-up: Dumps Palantir And Jack Dorsey's Block Along With Tesla, Buys Amazon And Meta

Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) reported a dramatic expansion in customer spending, with one equipment rental company increasing its annual recurring revenue twelvefold in less than eight months after implementing the company&#8217;s artificial intelligence platform, highlighting the rapid <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">adoption of AI in enterprise operations</a>.
What Happened: The data analytics company, which joined the S&amp;P 500 index in September, announced Monday that its third-quarter revenue surged 30% to $725.52 million, exceeding analyst expectations of $701.13 million.
&#8220;Given how strong our results are, I almost feel like we should just go home,&#8221; CEO Alex Karp told investors during the earnings call, reflecting on the company&#8217;s robust performance.
The company&#8217;s U.S. operations showed particular strength, with revenue growing 44% year-over-year to $499 million. However, international operations faced headwinds, particularly in Europe, and saw a decline in revenue from a government-sponsored enterprise in the Middle East.
Despite these challenges, Palantir continues to build international partnerships. &#8220;We continue to capitalize on targeted growth opportunities in Asia, the Middle East and beyond,&#8221; said Chief Financial Officer David Glazer, noting a multi-year renewal with BP as evidence of ongoing international expansion.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41734231/jim-cramer-keeps-recommending-tesla-because-he-loves-space-stuff-but-hes-not-keen-on-ford-i-cant">Jim Cramer Keeps Recommending Tesla Because He Loves &#8216;Space Stuff,&#8217; But He&#8217;s Not Keen On Ford: &#8216;I Can&#8217;t Recommend The Stock&#8217;</a>
Why It Matters: Palantir raised its full-year revenue guidance to between $2.805 billion and $2.809 billion. The company expects fourth-quarter revenue between $767 million and $771 million, with adjusted income from operations projected at $298 million to $302 million.
Palantir&#8217;s U.S. commercial revenue growth is expected to exceed 50% for the full year, reaching at least $687 million, according to Glazer.
The company r<a href="https://www.benzinga.com/news/earnings/24/11/41730179/palantir-q3-earnings-revenue-beat-eps-beat-customers-up-39-raises-guidance-results-driven-by-unrele">eported earnings of six cents per share</a>, double the figure from the same period last year and above analyst estimates of four cents per share. This marks the fifth consecutive quarter Palantir has met or exceeded analyst expectations for both revenue and earnings.
Price Action: In after-hours trading, Palantir stock surged to $47.08, reflecting an increase of 13.69%. The stock closed at $41.41 on Monday, down 1.22% for the day. Year to date, Palantir&#8217;s stock has shown growth, rising to 149.76%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41734592/palantir-trump-media-hims-hers-health-nxp-semiconductors-and-tesla-why-these-5-stocks-are-on-inv">Palantir, Trump Media, Hims &amp; Hers Health, NXP Semiconductors, And Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</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.

Palantir's AI Gamble Pays Off As Customer Revenue From Single Customer Jumps 12x In Under 8 Months — Alex Karp Quips: 'We Should Just Go Home'

A Polymarket whale dumped around $3 million in bets on a Donald Trump victory after an influential trader hinted at taking profit on his positions tied to the former President.
What Happened: The whale known as &#8216;larpas&#8216; sold $3 million worth of shares in Trump, according to a Monday X post by on-chain tracking firm Arkham Intelligence. 
This sale, which occurred within minutes after a post by renowned cryptocurrency trader Gigantic-Cassocked-Rebirth, or GCR, resulted in a 4% drop in Polymarket odds for Trump. 
However, the odds recovered by 2% after the sale, returning to 58.6% as of this writing, <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1730772848583">data </a>from Polymarket showed.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">SOMEONE PANIC SOLD TRUMP ON POLYMARKET AFTER GCR'S TWEET Polymarket whale ‘larpas' sold $3 MILLION of TRUMP shares in the past 2 hours, as Polymarket odds for TRUMP dumped by 4%. larpas began selling 1 minute after GCR posted a tweet suggesting he "took profit" on his election… <a href="https://t.co/WbQOG58aa0">https://t.co/WbQOG58aa0</a> <a href="https://t.co/g6Hb31Boyq">pic.twitter.com/g6Hb31Boyq</a>
&mdash; Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1853496096112226407?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
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The sell-off followed GCR&#8217;s recommendation to traders to avoid leverage and &#8220;reckless gambling.&#8221; He said that prediction markets have a &#8220;right-wing skew&#8221; and it made sense to bet on Trump when his odds were less than 10%.
However, with his odds going over 65%, the trader stated that he was comfortable with capturing the meat of the move and thus took profits on his positions and proxy bets.
A well-known entity in cryptocurrency trading circles, GCR garnered fame during the bear market by successfully betting against Terra (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/luna/usd">LUNA</a>) ahead of the coin&#8217;s <a href="https://www.benzinga.com/money/why-did-terra-luna-crash">dramatic collapse</a> in 2022.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41720492/anthony-scaramucci-predicts-u-s-will-tackle-debt-crisis-bitcoin-value-will-triple-and-reve">Anthony Scaramucci Predicts U.S. Will Tackle Debt Crisis, Bitcoin Value Will Triple and Reveals Which Candidate Has A Stronger Economic Plan</a>
Why It Matters: This sudden sale by &#8216;larpas&#8217; comes amidst a flurry of activity on Polymarket related to the 2024 presidential election. 
A new whale trader, &#8216;zxgngl,&#8217; <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41718878/donald-trumps-latest-polymarket-whale-could-win-almost-10-million">has become Trump&#8217;s biggest shareholder</a> on the cryptocurrency-based betting platform and stands to gain almost $10 million if the former President wins a second term.
On the other hand, professional politics trader &#8216;Domer&#8216; <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41717129/polymarkets-all-time-leading-trader-bets-over-500-000-on-kamala-harris-slams-nate-silver-f">has placed a bet</a> of over $500,000 on Vice President Kamala Harris to win the election. The betting platform gave Harris a 55-60% chance of winning the presidency, despite the betting markets assuming a Trump victory.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41723508/bitcoin-can-ignore-the-presidential-election-as-noise-says-arthur-hayes">Bitcoin Can Ignore The Presidential Election As Noise, Says Arthur Hayes</a></li>
</ul>

$LUNA

Polymarket Whale Dumps $3M Bet On Trump After Legendary Trader Advises Caution: 'Recommend Against Leverage And Reckless Gambling'

The U.S. stock market experienced a slight downturn on Monday, with the S&amp;P 500 index dipping approximately 0.3%. The Dow Jones Industrial Average fell 0.6% to 41,794.60, while the NASDAQ Composite Index declined 0.3% to 18,179.98.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
Palantir&#8217;s stock declined by 1.22% to close at $41.41, with an intraday high and low of $42.04 and $41.03 respectively. The company reported a 30% year-over-year increase in third-quarter revenue, reaching $725.52 million and beating the consensus estimate of $701.13 million. U.S. revenue grew 44% year-over-year to $499 million, driven by an <a href="https://www.benzinga.com/news/earnings/24/11/41730179/palantir-q3-earnings-revenue-beat-eps-beat-customers-up-39-raises-guidance-results-driven-by-unrele">&#8216;unrelenting AI demand&#8217;</a>.
Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media&#8217;s stock was volatile, closing up 12.37% at $34.34. The stock has become a proxy for the presidential election outcome, and it has dropped in the last week as the race draws to a close. The <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41715442/trump-media-stock-volatile-on-election-eve-as-polls-betting-markets-predict-tight-white-ho">election remains a very tight race</a>, with polls showing Kamala Harris leading among early voters in several swing states.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41704748/tesla-investors-confuse-valuation-and-stock-price-says-gary-black-as-investor-sees-recovery-in-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Investors Confuse &#8216;Valuation And Stock Price,&#8217; Says Gary Black As Investor Sees Recovery In Stock</a>
Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>)
Hims &amp; Hers Health&#8217;s stock rose 1.96% to close at $20.76. The company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/11/41728465/hims-hers-health-reports-better-than-expected-q3-results-details">third-quarter results</a>, with earnings of 32 cents per share and quarterly revenue of $401.6 million, beating the analyst consensus estimate and showing an increase from the same period last year. 
NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>)
NXP Semiconductors&#8217; stock dipped 0.71% to close at $236.90. The company reported third-quarter earnings of $3.45 per share, <a href="https://www.benzinga.com/news/earnings/24/11/41730768/nxp-semiconductors-shares-dip-after-q3-results-eps-beat-revenues-in-line-q4-guidance-below-estimate">beating the analyst consensus estimate</a>. However, the quarterly revenue of $3.25 billion met the consensus estimate and showed a decrease from the same period last year. 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock fell 2.47% to close at $242.84. The company, which has historically shunned celebrity promotions, has signed South Korean pistol shooter Kim Ye-ji as a brand ambassador, indicating a <a href="https://www.benzinga.com/news/24/11/41726158/did-elon-musk-change-his-mind-on-celebrity-endorsements-tesla-signs-deal-with-viral-olympian-in-this">potential shift</a> in its marketing strategy. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/11/41705158/cathie-wood-says-trumps-ideas-on-eliminating-income-tax-and-imposing-tariffs-brings-back-vibes-of-ea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Says Trump&#8217;s Ideas On Eliminating Income Tax And Imposing Tariffs Brings Back Vibes Of &#8216;Early Days Of Our Country&#8217;</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Palantir, Trump Media, Hims & Hers Health, NXP Semiconductors, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly hit a roadblock in its plans to construct a nuclear-powered AI data center in the U.S. The discovery of a rare bee species on the proposed site has disrupted the project.
What Happened: Meta CEO Mark Zuckerberg had planned to collaborate with an existing nuclear power plant operator to provide emissions-free electricity for the new data center.
However, the project encountered several hurdles, including environmental and regulatory issues, <a href="https://www.ft.com/content/ed602e09-6c40-4979-aff9-7453ee28406a">reported</a> Financial Times, citing people familiar with the matter.
See Also: <a href="https://www.benzinga.com/news/24/11/41705075/jeff-bezos-backed-perplexitys-new-ai-election-hub-promises-real-time-vote-counts-and-candidate-summa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Perplexity&#8217;s New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries — But What About Its Accuracy?</a>
The rare bee species found on the land adjacent to the plant, where the data center was to be built, added to the project&#8217;s challenges. Zuckerberg shared this information during a company-wide meeting last week.
Despite the setback, Meta is still investigating various carbon-free energy alternatives, including nuclear.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Why It Matters: The tech industry&#8217;s increasing demand for <a href="https://www.benzinga.com/markets/equities/24/07/39568237/tech-giants-eye-nuclear-power-to-fuel-ai-boom-raising-concerns-over-stability-and-environmental-">electricity to fuel the AI boom</a> has led to a significant shift towards nuclear power.
Meta&#8217;s rivals, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) have inked deals with <a href="https://www.benzinga.com/news/24/10/41358363/nuclear-stocks-soar-as-amazon-becomes-latest-tech-giant-to-invest-in-nuclear-power">nuclear power plant operators</a> to cater to their data centers&#8217; growing energy needs.
In September, Microsoft revealed plans to <a href="https://www.benzinga.com/news/24/09/40994664/pennsylvania-governor-josh-shapiro-urges-quick-connect-for-microsofts-nuclear-power-plan-involving-t">reactivate the dormant nuclear facility</a> at Three Mile Island in Pennsylvania.
In March, Amazon invested $650 million to establish a data center adjacent to the Susquehanna Steam Electric nuclear plant, also located in Pennsylvania.
Last month, Google announced its <a href="https://www.benzinga.com/news/24/10/41321236/sam-altmans-oklo-jumps-on-google-nuclear-deal-whats-going-on">intention to purchase power from</a> small modular reactor (SMR) developer Kairos Power.
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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.

Media

GOOG

GOOGL

MSFT

Mark Zuckerberg's Nuclear-Powered AI Ambitions At Meta Stung By Rare Bees

Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; recently expressed his enthusiasm for space exploration and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) on his show. He also shared his thoughts on Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), CEVA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEVA#NASDAQ">CEVA</a>), Schlumberger NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), and Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>).
What Happened: During the &#8220;Lightning Round&#8221; segment of his show, Cramer was asked about Intuitive Machines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITM#NYSE">ITM</a>), a company involved in space exploration. He <a href="https://www.cnbc.com/2024/11/04/cramers-lightning-round-i-cant-recommend-ford.html">responded</a> by praising the space industry and Tesla, stating, &#8220;I love space stuff, and that&#8217;s why I keep recommending Tesla&#8230;If there&#8217;s going to be something in space, it is going to be done by Elon Musk.&#8221;
However, Cramer expressed his disappointment with Ford&#8217;s performance, saying, &#8220;I want so badly for the company to do well, but I can&#8217;t recommend the stock.&#8221; He also advised against investing in Schlumberger, citing the lack of growth in the oil industry.
Cramer noted on X, that NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) and ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) are "held back by autos,"
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NXPI, like ON, held back by autos&#8230;
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1853581148246426072?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/11/41705158/cathie-wood-says-trumps-ideas-on-eliminating-income-tax-and-imposing-tariffs-brings-back-vibes-of-ea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Says Trump&#8217;s Ideas On Eliminating Income Tax And Imposing Tariffs Bring Back Vibes Of &#8216;Early Days Of Our Country&#8217;</a>
Why It Matters: Recently, he has emphasized the importance of owning rather than trading certain stocks, such as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), suggesting that investors should hold onto these <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41713371/jim-cramer-reiterates-own-nvidia-dont-trade-it-but-says-jensen-huangs-chip-giant-sh">stocks for long-term gains</a>.
Furthermore, Cramer has been vocal about the potential of tech companies, as <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41712755/jim-cramer-recommends-buying-this-tech-stock-that-is-a-terrific-situation">seen in his endorsement</a> of CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>). His recent comments on Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) also highlight his focus on <a href="https://www.benzinga.com/news/24/10/41674206/jim-cramer-says-mark-zuckerberg-has-your-brain-as-meta-pours-billions-into-global-domination-strateg">companies with strong growth potential</a>.
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41705665/palantir-technologies-gears-up-for-q3-print-here-are-the-recent-forecast-changes-from-wall-streets-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir Technologies Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Top Analysts</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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CEVA

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Market Vectors Intermediate Municipal Index

NVDA

Jim Cramer Keeps Recommending Tesla Because He Loves 'Space Stuff,' But He's Not Keen On Ford: 'I Can't Recommend The Stock'

Bitcoin plummeted further, but Dogecoin rose as cryptocurrency investors braced for the high-stakes presidential election.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.55%</td>
<td>$67,984.27</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.55%</td>
<td>$2,404.36</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+9.07%</td>
<td>$0.1625</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The world&#8217;s largest cryptocurrency fell to $66,800 in the early evening before recovering above $68,000 overnight.
Donald Trump&#8217;s increasing odds on Polymarket failed to boost the leading coin, which has now erased all of its gains since the climb to near-new highs last week.
Ethereum also encountered heavy sell-offs, while Dogecoin outperformed the market with over 8% gains in the last 24 hours.
Cryptocurrency liquidations breached $200 million in the last 24 hours, with bullish leveraged positions accounting for over 75% of the total.
Bitcoin's Open Interest dropped 0.87% in the last 24 hours. Interestingly, 60% of the top traders on the cryptocurrency exchange Binance were leveraged long on Bitcoin as of this writing.
The market sentiment remained in the "Greed" zone, as per the Cryptocurrency Fear and Greed Index, indicating the potential for higher buying pressure in the days to come.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Dogecoin (DOGE)</td>
<td>+8.62%</td>
<td>$0.1633</td>
</tr>
<tr>
<td>Mog Coin (MOG)</td>
<td>+3.44%</td>
<td>$0.000001779</td>
</tr>
<tr>
<td>Monero (XMR)</td>
<td>+1.90%</td>
<td>$159.68</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.22 trillion, following a decline of 2.92% in the last 24 hours.
Stock cracked ahead of the all-important election. The Dow Jones Industrial Average slipped 257.59 points, or 0.61%, to close at 41,794.60. The S&amp;P 500 lost 0.28% to end at 5,712.69, while the tech-heavy Nasdaq Composite dipped 0.33%, closing at 18,179.98.
Additionally, prices of U.S. Treasurys rose, with the yield for the 10-Year Treasury falling to 0.3% on Monday. This suggested that investors sought refuge in risk-free investments ahead of elections.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst Miles Deutscher highlighted the two possible trajectories Bitcoin could follow after the election outcome.
In the event of a Trump victory, he predicted an immediate rally and a new all-time high this year. On the other hand, a Kamala Harris victory would cause a sell-off and push the highs back to the first quarter of 2025.
"Either way BTC goes to $100,000+, it&#8217;s just the path that changes," Deutscher added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In my opinion: Trump win = Instant pump, new ATH this year Kamala win = Instant dump, new ATH Q1 2025 Either way <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> goes to $100k+, it&#39;s just the path that changes. (I do, however, think the ceiling is higher for both <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and alts if Trump wins)
&mdash; Miles Deutscher (@milesdeutscher) <a href="https://twitter.com/milesdeutscher/status/1853453218086613140?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Influential cryptocurrency analyst and trader Ali Martinez likened Ethereum's trajectory to the S&amp;P 500, noting that this could be the last dip for the second-largest cryptocurrency before it sails to $10,000.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> has been mimicking the S&amp;P500, and this could be the last dip before it triples and hits $10,000! <a href="https://t.co/BgpbZQXM6I">pic.twitter.com/BgpbZQXM6I</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1853572432646299649?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Additionally, Martinez observed a buy signal for Bitcoin on the 12-hour chart using the TD Sequential indicator.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential has been spot-on with <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> trends on the 12-hour chart, and it's now showing a buy signal! <a href="https://t.co/lGL3U0rUSd">pic.twitter.com/lGL3U0rUSd</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1853502915417424043?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41723555/michigan-pension-fund-invests-10m-in-ethereum-etfs-exceeds-bitcoin-holdings">Michigan Pension Fund Invests $10M In Ethereum ETFs, Exceeds Bitcoin Holdings</a></li>
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Bitcoin, Ethereum Slip While Dogecoin Surges Ahead Of Presidential Election; Analyst Predicts BTC Will Hit $100K+ Regardless Of Trump Or Harris Win

A Pennsylvania judge has given the go-ahead for the <a href="https://www.benzinga.com/news/24/10/41417390/elon-musks-pro-trump-super-pac-to-give-1m-every-day-to-people-in-swing-states-for-signing-his-petiti">$1 million-a-day voter sweepstakes</a>, hosted by Elon Musk&#8216;s political action committee, to continue until the presidential election on Tuesday.
What Happened: Common Pleas Court Judge Angelo Foglietta made the decision on Monday. Musk&#8217;s lawyers had argued that the winners of the sweepstakes were paid spokespeople, not randomly selected individuals. The judge, however, did not immediately disclose his reasoning behind the ruling, <a href="https://apnews.com/article/musk-million-sweepstakes-lottery-pennsylvania-krasner-4f683c48eb7dcc57f183e54ef16e7320">reported</a> the Associated Press.
District Attorney Larry Krasner had previously labeled the sweepstakes as a scam intended to sway a national election and requested its termination. Musk&#8217;s attorney, Chris Gober, defended the initiative as &#8220;core political speech,&#8221; noting that participants sign a petition endorsing the U.S. Constitution.
Gober also revealed that the final two recipients before the election will be announced in Arizona on Monday and Michigan on Tuesday. 
&#8220;The $1 million recipients are not chosen by chance,&#8221; said Gober. &#8220;We know exactly who will be announced as the $1 million recipient today and tomorrow."
Despite the controversy, Musk&#8217;s lawyers confirmed they have no plans to extend the lottery beyond Tuesday. The PAC has committed over $70 million to help Republican candidates in the November elections.
See Also: <a href="https://www.benzinga.com/news/24/11/41704893/steve-ballmer-is-betting-40m-on-facts-as-heated-trump-harris-battle-reaches-peak-crescendo-how-ex-mi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Steve Ballmer Is Betting $40M On Facts As Heated Trump-Harris Battle Reaches Peak Crescendo — How Ex-Microsoft CEO Aims To Rescue American Democracy With Data</a>
Why It Matters: The <a href="https://www.benzinga.com/news/24/10/41651620/elon-musk-ordered-to-attend-court-hearing-over-1m-election-giveaway">lawsuit</a> against Musk&#8217;s PAC was filed by the Philadelphia District Attorney's Office, questioning the legality of the lottery, which targets registered voters in pivotal states ahead of the election. The giveaway is managed by Musk's America PAC, which supports Republican former President Donald Trump.
Despite the legal challenge, Musk was allowed to continue the daily million-dollar giveaways while the judge considered the case. Through his America PAC, Musk has been offering daily $1 million cash rewards to registered voters in swing states who sign a petition, which some officials claim may violate electoral laws.
The <a href="https://www.benzinga.com/general/politics/24/11/41733277/harris-vs-trump-vice-president-has-two-point-lead-in-final-election-poll-swing-states-remain-clo">presidential race</a> between former President Trump and Vice President Kamala Harris has been close, with Harris maintaining a lead over Trump in many election polls as Election Day approaches.
Image via Shutterstock
Did You Know?
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Elon Musk's $1M-A-Day Voter Sweeepstakes Gets Green Light To Run Through Election Day — Lawyer Reveals Recepients 'Are Not Chosen By Chance'

Mark Cuban is calling out former President Donald Trump for his role in the <a href="https://www.benzinga.com/personal-finance/24/09/40900871/donald-trump-says-inflation-is-the-highest-ever-but-experts-dispute-his-claims-heres-the-truth-a">high inflation everyone is feeling right now</a>. During NewsNation&#8217;s &#8220;Have Your Final Say&#8221; <a href="https://www.youtube.com/watch?v=FJFnBHFQhnU">town hall</a>, Cuban claimed that Trump's decision to side with oil companies early in the pandemic led to <a href="https://www.benzinga.com/government/24/11/41695926/a-republican-sweep-might-be-the-most-inflationary-election-outcome-economists-warn">inflation spiraling out of control – </a>and he said that was the beginning of our current economic troubles.
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According to Cuban, the problem started in April 2020, just as the pandemic hit. At that time, gas prices had dropped to $1.87 a gallon. Oil companies struggled with low prices, so they contacted Trump for help. Trump, in turn, asked Saudi Arabia and Russia to cut oil production to help the industry recover. Cuban argued that this move caused the initial spike in gas prices, which then fed into the inflation we&#8217;re dealing with now.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The day inflation started (h/t <a href="https://twitter.com/Matthewcanwrite?ref_src=twsrc%5Etfw">@Matthewcanwrite</a> ) <a href="https://t.co/a7kzByD8SX">https://t.co/a7kzByD8SX</a> <a href="https://t.co/kt6w5lkboc">pic.twitter.com/kt6w5lkboc</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1851972708931715403?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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&#8220;That was the day inflation started … as long as that agreement was in place, up until 2022, gas prices kept on going up. The minute that agreement came out and production changed, gas prices started going down and you saw inflation go down,&#8221; Cuban said. He added that Trump was more focused on helping his friends in the oil industry than on keeping gas prices affordable for Americans.
Cuban said that although it&#8217;s popular to attribute inflation to the Biden administration, Trump&#8217;s loyalty to &#8220;his oil company cronies&#8221; over consumers is the real cause of the issue. He clarified that rising gas costs impact the price of practically everything, including groceries and transportation, and significantly contribute to inflation.
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At the town hall, Cuban&#8217;s remarks generated many reactions, with some audience members applauding his direct analysis. But not everybody agreed. <a href="https://www.benzinga.com/topic/dana-white">Dana white</a>, a big Trump supporter, pushed back, arguing that Trump had built a strong economy and that Harris, as vice president, hadn&#8217;t proven herself capable of leading.
Still, Cuban kept his focus on the impact of that early pandemic decision. He believes that without the production cuts, inflation might not have gotten so bad. &#8220;You can track it,&#8221; he said, referring to the steady price increase that followed Trump&#8217;s request to Saudi Arabia and Russia.
If anything, the debate at the town hall uncovered once again the deep political divisions over how to interpret the economy&#8217;s current state.
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Mark Cuban Says Trump's Loyalty To 'His Oil Company Cronies' Kicked Off High Inflation. He Claims That Was The Ground Zero

Donald Trump, in a recent post on X, claimed to be building the largest coalition in American political history, attracting record-breaking numbers of Arab and Muslim voters in Michigan. He warned of potential war in the Middle East under Kamala Harris.
What Happened: On Monday, Trump shared his views on the election, expressing confidence in his broad coalition and warning of potential conflicts in the Middle East under a potential Harris administration. He urged his followers to vote for him to restore peace.
Addressing Muslim voters and particularly those in Michigan, the former president said, &#8220;They know Kamala and her warmonger Cabinet will invade the Middle East, get millions of Muslims killed, and start World War III.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are building the biggest and broadest coalition in American Political History. This includes record-breaking numbers of Arab and Muslim Voters in Michigan who want PEACE. They know Kamala and her warmonger Cabinet will invade the Middle East, get millions of Muslims killed,…
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1853571107439399155?ref_src=twsrc%5Etfw">November 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/news/24/11/41703542/mary-trump-on-trumps-lack-of-empathy-why-is-it-that-the-more-awful-things-donald-does-the-less-it-se?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mary Trump On Trump&#8217;s Lack Of Empathy: &#8216;Why Is It That The More Awful Things Donald Does, The Less It See</a>
Trump&#8217;s tweet comes in the backdrop of a <a href="https://www.benzinga.com/general/politics/24/11/41733277/harris-vs-trump-vice-president-has-two-point-lead-in-final-election-poll-swing-states-remain-clo">tight race</a> between him and Vice President Harris, as per recent polls.
Why It Matters: Trump&#8217;s post and his call for peace seem to contrast his previous stance, where he urged Israel to <a href="https://www.benzinga.com/news/24/10/41196317/trump-urges-israel-to-target-iran-nuke-sites-hit-nuclear-first-and-worry-about-the-rest-later">target Iran&#8217;s nuclear facilities</a>.
Trump has consistently claimed that the world was <a href="https://www.benzinga.com/news/24/04/38482459/was-the-world-really-peaceful-during-donald-trumps-era-analysis-reveals-complex-layers">more peaceful</a> during his tenure, a view that contrasts with the opinion of his own national security advisers.
Previously, the ex-president claimed that he is the only one <a href="https://www.benzinga.com/news/23/10/35254174/trump-boldly-declares-only-i-can-protect-israel-amid-raging-middle-eastern-conflict-nobody-else-will">capable of protecting Israel</a>. He said in October, &#8220;I kept Israel safe. Nobody else will, nobody else can.&#8221;
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump Woos Muslim Voters, Says He's 'Building The Biggest And Broadest' Peace Coalition: 'Kamala And Her Warmonger Cabinet Will Invade The Middle East'

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In a<a href="https://www.youtube.com/watch?v=fRyyTAs1XY8"> recent interview </a>on The Joe Rogan Experience, JD Vance, the Republican vice-presidential candidate, faced a series of tough questions that seemed to catch him off guard. Known for his laid-back conversations, Rogan dug deep into Vance's stances on sensitive issues like abortion and immigration, sparking viral reactions across social media.
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Rogan first focused on Vance's views regarding abortion, pressing him on why he supports stricter state control over reproductive rights. Vance has argued that state-level regulations should govern abortion laws, a stance critics argue limits women's rights.&nbsp;
His response drew scrutiny, particularly as public opinion leans in the opposite direction – a recent NPR/PBS poll shows that 63% of Americans favor more liberalized abortion laws. When Rogan challenged Vance on the religious overtones in recent legislation, including some bills prosecuting women who legally seek abortion out-of-state, Vance struggled to provide a cohesive answer, stating he wasn't familiar with those specific laws.
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He argued that Democrats have &#8220;gone way too far&#8221; on abortion rights, even suggesting that they've begun to "celebrate" the practice. Rogan countered, dismissing this idea, saying, "I think there's very few people who are celebrating though."
On the topic of immigration, <a href="https://www.benzinga.com/personal-finance/24/09/40747597/jd-vance-faces-tough-questions-over-the-sky-high-costs-of-trumps-controversial-new-ivf-plan">JD Vance</a> attributed the country's fentanyl crisis to the Biden administration's policies, which he claims have weakened border security. Analysts, however, highlight that fentanyl's surge results from complex global supply chains rather than specific immigration policies.
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Vance's responses continued to be met with skepticism as Rogan pivoted to health care and the economy. When questioned about Trump-era policies, Vance pointed to broad "concepts" without concrete solutions.&nbsp;
This drew further criticism, given that health care costs remain a significant issue for Americans, with 74% listing it as a top concern, according to a recent Kaiser Family Foundation study. Vance's lack of specifics seemed at odds with public sentiment, further intensifying scrutiny on his stance.
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Clips from the interview quickly gained traction on X (formerly Twitter) and were shared widely by supporters of the Harris-Walz campaign. Among the shared clips were moments where Vance appeared to envision himself defending against a hypothetical home invasion in response to a recent assassination attempt against Trump.&nbsp;
Another segment had him suggesting that the Trump campaign could appeal to "the normal gay guy vote." His statements, which some viewed as odd or off-base, added fuel to critiques questioning his preparedness for national office.
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Unscripted Showdown: JD Vance Faces Joe Rogan's Toughest Questions Yet – Here's Why He Stumbled in the Hot Seat

Jim Messina, who previously managed President Barack Obama&#8217;s campaign, has voiced concern over the preliminary voting numbers for Vice President Kamala Harris&#8217;s campaign. This concern stems from a noticeable increase in early Republican votes.
What Happened: Messina, while appearing on MSNBC&#8217;s &#8220;Inside with Jen Psaki&#8221; on Sunday, disclosed that the initial voting figures are somewhat &#8220;alarming&#8221; for the Harris campaign. As reported by <a href="https://thehill.com/homenews/campaign/4970003-early-voting-numbers-scary-harris/">The Hill</a>, he highlighted that Republicans are voting early at a higher rate than in previous elections, which could potentially impact the vote distribution on election night.
Messina stated, &#8220;Republicans didn&#8217;t do what they did last time. Last time, Trump said, &#8216;Don&#8217;t early vote.&#8217; And so they didn&#8217;t. Republicans do have an advantage in early vote numbers. When the early vote comes in, it&#8217;s going to look a little bit different than 2020, and that&#8217;s scary.&#8221;
Despite these concerns, Messina remains hopeful about the turnout for Harris among young voters and women. He said, &#8220;Women voters make up 55 percent of the early voters, and in the past 10 days, young voters in these battleground states are coming out — in what looks to be, for early vote, historic numbers — and that makes the Harris campaign very, very happy.&#8221;
However, he conceded that the early voting figures have induced some anxiety among Harris&#8217;s supporters. &#8220;The Republicans have done a better job than they did last time on early vote,&#8221; he noted.
According to the University of Florida's Election Lab, over 78 million early votes have been cast in the 2024 election.
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Why It Matters: The 2024 election has been forecasted as a <a href="https://www.benzinga.com/general/politics/24/11/41728436/trump-vs-harris-2024-election-deadlocked-final-emerson-poll-shows-one-candidate-with-small-edge-">close race</a> between Trump and Harris. Online prediction markets have shown <a href="https://www.benzinga.com/general/politics/24/11/41730670/prediction-markets-swing-back-to-trump-but-data-analysts-say-its-too-close-to-call">fluctuating trends</a>, with Trump regaining an edge over Harris on the final day before the election. 
Messina had previously <a href="https://www.benzinga.com/news/23/11/35634034/ex-obama-advisor-jim-messina-unmoved-by-trump-biden-polls-dismisses-early-election-speculations-the">dismissed early election speculations</a> as &#8220;silly&#8221; in November.
Image via Wikimedia Commons
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Obama's Former Campaign Manager Alarmed By Early Voting Numbers As Harris-Trump Fight Close Battle: 'Republicans Didn't Do What They Did Last Time'

Argentine Security Minister Patricia Bullrich hailed the capture of a "criminal" allegedly smuggling over two kilograms of cocaine in talcum <a href="https://www.benzinga.com/cannabis">powder containers. </a>
<a href="https://www.lanacion.com.ar/seguridad/patricia-bullrich-celebro-la-detencion-de-un-narcotraficante-por-tener-2-kilos-de-cocaina-pero-era-nid01112024/">According</a> to La Nación, the detainee, 42-year-old Maximiliano Acosta from Mar del Plata, was stopped by Argentina's Gendarmería, a national paramilitary force, at a tollbooth in Mendoza province. He was detained, held in isolation for days and faced the prospect of years in prison.
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Three weeks later, however, a second forensic test exposed a grave mistake. The supposed "cocaine" was actually talcum powder. Acosta was released, but Bullrich has yet to acknowledge the misstep or apologize.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">MUCHO TALCO, POCO EFICIENT-E Un hombre intentó burlar un control en Mendoza, llevando más de 2kg de cocaína ocultos en envases de talco dentro de un micro de larga distancia. Pero la Gendarmería lo descubrió rápidamente gracias a su nerviosismo y actitud sospechosa. ¡La… <a href="https://t.co/nWmdEauzmQ">pic.twitter.com/nWmdEauzmQ</a>
&mdash; Patricia Bullrich (@PatoBullrich) <a href="https://twitter.com/PatoBullrich/status/1842911031107965167?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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<h3 class="wp-block-heading">The Arrest: A Simple Misunderstanding Turns Into A Nightmare</h3>
Acosta had been visiting Mendoza, looking to improve his financial situation by selling goods, including bottles of talcum powder he'd bought from a local vendor. 
Preparing to return home, he hurriedly packed his merchandise, which included 18 bottles of talcum powder, into his backpack. On his bus ride back, officers from Gendarmería, a force that combines the roles of police and military in Argentina, conducted a surprise inspection.
They found the talcum powder and administered a drug field test, which erroneously indicated the presence of cocaine.
"They searched everything I had,&#8221; Acosta said. &#8220;They were excited and congratulating each other, saying things like, ‘Great job; you really paid attention!' They didn't let me speak or move."
Acosta insisted that the containers held only talcum powder, but his protests were dismissed with ridicule. The officers even took photos with the containers, treating him, he said, "like a drug lord."
One phrase stayed with him throughout his ordeal: "I told them, ‘I'm going to laugh at you later, because it's just talcum powder.'"
<h3 class="wp-block-heading">Three Weeks In A Cell: His Family's Agonizing Wait</h3>
Held in an isolated cell for 21 days, Acosta endured limited food, sleep and communication with his family. For the first two days, his mother, Laura, frantically tried to find him.
Unaware of his detention, she contacted bus companies and local law enforcement in both Mendoza and Buenos Aires. Finally, Laura was notified that her son had been arrested for possessing "cocaine."
"I couldn't understand it," she said. "He'd sent me photos of the talcum powder he bought, told me how much he paid, and even who sold it to him. It didn't make sense." 
After 48 hours, Laura was allowed to speak briefly with her son, who reassured her. "Don't worry, Mom. I'm fine. If you're fine, I'm fine." Laura later admitted, "For those two days, it felt like he'd been kidnapped."
<h3 class="wp-block-heading">A Premature Celebration And Lack Of Accountability</h3>
Minister Bullrich's tweet on X further added to the family's distress. "An efficient operation: A man tried to evade a checkpoint in Mendoza with over 2 kilos of cocaine hidden in talcum powder containers on a long-distance bus. But Gendarmería was ahead of the game!" she wrote, ending with the phrase: "Those who do it, pay for it."
Finally, after three weeks, Acosta was released, but his troubles didn't end there. He was let go in the middle of the night on a remote road with no public transportation in sight. 
With no way to reach Mendoza, he walked 30 miles before a driver stopped and gave him a ride to the nearest town. The next day, he picked up his confiscated ID and phone. 
However, his cash, around $16,000 Argentine pesos, roughly $16 U.S. dollars, was missing. The state did not provide transportation back to his hometown.
<h3 class="wp-block-heading">No Apology, No Compensation: The Struggle For Justice</h3>
When Bullrich was asked to comment on the case, she justified the officials&#8217; actions. "There was no mistake in the investigation. Talcum powder often tests positive for cocaine, and security forces had warned it could be a false positive."
Acosta and his mother have yet to receive an apology and are now considering legal action. Laura noted that the last thing the judge told her son was. "We'll learn and do better for future cases."
Now back in Mar del Plata, Acosta struggles with lingering trauma from his wrongful imprisonment. "I dream of the police coming for me." 
Reflecting on Bullrich's comment, Laura expressed frustration: "The only thing I would say to her is, ‘Train your people. Don't rush to judgment.' They say, ‘Those who do it, pay for it.' Well, I say they should pay too.
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Argentina's Security Minister Confuses Foot Powder With Cocaine, Wrongly Detains Man For 21 Days

The head-to-head race between former President Donald Trump and Vice President Kamala Harris grew even closer in the last Morning Consult poll ahead of the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election</a>.
What Happened: Harris maintains a lead over Trump in many election polls as Election Day nears, but her odds in prediction markets and betting odds have trailed the former president <a href="https://www.benzinga.com/general/sports-betting/24/11/41719799/robinhood-passes-100-million-2024-election-contracts-do-users-favor-trump-or-harris-on-sto">by a wide margin.</a>
A new Morning Consult <a href="https://pro.morningconsult.com/trackers/2024-election-state-polls">poll </a>of likely voters shows Harris' lead dropping, continuing a recent string of a lead of six points shrinking.
The new poll shows the following results from voters, with results from the<a href="https://www.benzinga.com/general/politics/24/10/41667786/harris-vs-trump-vice-presidents-lead-shrinks-key-demographic-grows-one-week-before-2024-election"> Oct. 29 poll</a> in parentheses:
<ul>
<li>Kamala Harris: 49% (50%)</li>
<li>Donald Trump: 47% (47%)</li>
<li>Someone Else: 1% (1%)</li>
<li>Don't Know: 2% (2%) &nbsp;</li>
</ul>
Harris' lead over Trump dropped to two points, down from a three-point lead in last week's poll. The vice president has now seen her lead drop in three straight weeks among the Morning Consult polls. The lead is also down from a six-point lead Harris had several weeks ago.
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Swing States Still Toss-Up: Morning Consult also published the final results of its state-by-state election guide, which includes how voters in seven key swing states are leaning ahead of Election Day.
Here are the leaders in the seven states:
<ul>
<li>Arizona: Tied</li>
<li>Georgia: Trump leads by two points</li>
<li>Michigan: Harris leads by one point</li>
<li>Nevada: Tied</li>
<li>North Carolina: Trump leads by two points</li>
<li>Pennsylvania: Tied</li>
<li>Wisconsin: Tied</li>
</ul>
The <a href="https://www.benzinga.com/topic/swing-states" target="_blank" rel="noreferrer noopener">seven swing states</a> in question together represent 93 electoral votes in the 2024 election. Six of the seven states above were won by President Joe Biden in the 2020 election with Trump winning North Carolina. Several states flipped from Trump&#8217;s win in the 2016 election.
It could be good news for Harris to see four states tied and leading one state as some swing state polls have shown a more dominant position for Trump.
The bad news is using math and the current path to 270 electoral college votes from<a href="https://www.270towin.com/"> 270towin</a>, Harris could be in trouble.
Based on the <a href="https://www.270towin.com/">270towin</a> map, Harris is expected to get 226 electoral college votes based on state leanings, with Trump getting 219 votes. The remaining 93 votes come from the swing states up for grabs.
With Trump getting the 219 plus Georgia's 16 votes and North Carolina's 16 votes based on the poll above, he would be at 251. Harris would be at 241 with the 226 and the 15 from Michigan.
Pennsylvania is the key swing state worth 19 votes. Based on the math above, Trump would win if he secures Pennsylvania and he could still lose Arizona, Wisconsin and Nevada. Trump could also win if he loses Pennsylvania and Nevada and wins Arizona and Wisconsin.
For Harris, she would need to secure Michigan as predicted and win Pennsylvania to get to 260, but still need Arizona or Wisconsin to win the 2024 election.
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Photos: Shutterstock

Harris Vs. Trump: Vice President Has Two-Point Lead In Final Election Poll, Swing States Remain Close With Four Deadlocks Ahead Of Election Day

Rapper Eminem is among the celebrities who have endorsed Vice President Kamala Harris for president in<a href="https://www.benzinga.com/topic/2024-election"> the 2024 election</a>.
Benzinga recently asked its readers how influential Eminem's endorsement was and how it compares to billionaire Warren Buffett.
 What Happened: Eminem<a href="https://www.benzinga.com/general/entertainment/23/08/33675151/eminem-accuses-donald-trump-of-brainwashing-his-followers-rapper-says-those-are-the-people-"> has been critical of</a> Donald Trump in the past and has spoken out about the followers of the former president.
So, it shouldn't have been a huge surprise for Eminem to publicly endorse Harris over Trump.
The rapper recently appeared at a Detroit, Michigan, rally<a href="https://www.benzinga.com/markets/cannabis/24/10/41487342/eminem-rallies-michigan-voters-introduces-obama-at-detroit-kamala-harris-campaign-event"> speaking ahead of</a> former President Barack Obama in the key swing state.
"Going into this election, the spotlight is on us more than ever," Eminem said. "And I think it's important to use your voice. So, I'm encouraging everyone to go out and vote, please."
Eminem also said "people shouldn't be afraid to express their opinions" or be worried about retribution for who they vote for or publicly support.
"I think Vice President Harris supports a future for this country where these freedoms and many others will be protected and upheld."
The rapper took the stage ahead of Obama, who came out to the rapper's hit song "Lose Yourself."
"Do you think rapper Eminem's endorsement of Kamala Harris will boost her chance of winning Michigan?" Benzinga recently asked.
The results were:
Yes: 31%
No: 69%
The poll found the majority didn't think Eminem's endorsement would help Harris' chances of winning the state of Michigan.
Benzinga also asked readers about Buffett and his potential support of a candidate in the 2024 presidential election.
"If Warren Buffett endorsed a political candidate, would it impact your decision to vote for them?" Benzinga asked.
The poll found the following results:
Yes: 32%
No: 69%
The poll had a similar result as Eminem with 69% of people saying Buffett's potential endorsement wouldn't impact their decision and likely wouldn't help a candidate in the election race.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110424">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: While Eminem has publicly endorsed Harris and attended at least one campaign rally, Buffett is <a href="https://www.benzinga.com/news/24/10/41493257/warren-buffett-warns-of-fake-endorsements-berkshire-hathaway-ceo-says-it-just-aint-me-on-social-medi">sitting out this election.</a>
The Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) CEO recently said he was worried about impersonators on social media using his name and likeness to endorse political candidates.
Buffett's company issued a statement warning people against the potential scams.
&#8220;In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett&#8217;s endorsement of investment products as well as his endorsement and support of political candidates. Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates," the statement read.
While other billionaires like Elon Musk and Mark Cuban are backing Trump and Harris, respectively, Buffett is not endorsing either candidate.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/10/41434014/donald-trump-would-have-to-work-at-pennsylvania-mcdonalds-for-14-5-years-to-equal-presidential-s">Donald Trump Would Have To Work At Pennsylvania McDonald&#8217;s For 14.5 Years To Equal Presidential Salary</a></li>
</ul>
The study was conducted by Benzinga from Oct. 23 through Oct. 24, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 124 adults.
Photos: Shutterstock

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Warren Buffett Vs. Eminem: Benzinga Readers Pick Between Billionaire Or 'Rap God' For 2024 Election Influence

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Gain Therapeutics&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/ganx-stock-quote/">GANX</a>) stock is falling on Friday following the pricing of its shares in a public offering.



This public offering has Gain Therapeutics <a href="https://www.nasdaq.com/press-release/gain-therapeutics-announces-pricing-110-million-public-offering-2024-06-13">selling 7,116,547 shares</a> and pre-funded warrants for 1,031,602 shares. The shares are being sold for $1.35 each with the warrants having the same price minus $0.0001.



The pre-funded warrants in this offering are exercisable immediately after being issued. They have an exercise price of $0.0001.



Gain Therapeutics is also offering underwriters the option of acquiring another 1,222,222 shares in this public offering. Titan Partners Group is acting as the sole bookrunner for this offering.



Gain Therapeutics expects to raise $11 million in gross proceeds from this public offering. It will use these funds to continue the clinical and nonclinical development of GT-02287. This is its lead product candidate to treat neurodegenerative diseases. The money may also be used for general corporate purposes.



<h2>How This Affects GANX Stock</h2>



With this public offering, Gain Therapeutics is increasing the total number of outstanding shares. Doing so dilutes the stakes of current investors in the biotechnology company. That&rsquo;s one reason why the stock is down today.



Another is the pricing of shares in the offering. The $1.35 price is well below the stock&rsquo;s previous closing price of $1.89 per share. It makes sense this discount would drop the price of currently traded shares too.



GANX stock is down 25.4% as of Friday morning.



Investors will want to stick around for more of the most recent stock market news!



We have all of the hottest stock market stories ready to go on Friday! That includes everything happening with shares of Nexalin Technology&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nxl-stock-quote/">NXL</a>) stock, Chijet Motor&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cjet-stock-quote/">CJET</a>) stock and Foxo Technologies&nbsp;(NYSEMKT:<a href="https://investorplace.com/stock-quotes/foxo-stock-quote/">FOXO</a>) stock today. All of this news is available at the following links!



<h2>More Stock Market News for Friday</h2>



<ul><li><a href="https://investorplace.com/2024/06/why-is-nexalin-technology-nxl-stock-down-29-today/">Why Is Nexalin Technology (NXL) Stock Down 29% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-chijet-motor-cjet-stock-up-21-today/">Why Is Chijet Motor (CJET) Stock Up 21% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-foxo-technologies-foxo-stock-up-55-today/">Why Is Foxo Technologies (FOXO) Stock Up 55% Today?</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/why-is-gain-therapeutics-ganx-stock-down-25-today/">Why Is Gain Therapeutics (GANX) Stock Down 25% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Gain Therapeutics (GANX) Stock Down 25% Today?

Chijet Motor signs framework cooperation agreement with Uzbekistan customer

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Chijet Motor Company (CJET) has released an update. Chijet Motor Company, Inc. has officially amended and restated its Memorandum and Articles of A...

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to dive into the biggest pre-market stock movers for Wednesday morning as we check out all of the hottest news to start the day with!



Moving stocks this morning a partnerships, a public offering, clinical trial news and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Dermata Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/drma-stock-quote/">DRMA</a>) stock is rocketing more than 123% alongside heavy pre-market trading.</li>



<li>Nuzee (NASDAQ:<a href="https://investorplace.com/stock-quotes/nuze-stock-quote/">NUZE</a>) shares are soaring over 75% with strong early morning trading.</li>



<li>Hoth Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/hoth-stock-quote/">HOTH</a>) stock is surging more than 45% <a href="https://www.nasdaq.com/press-release/hoth-therapeutics-partners-lts-therapy-systems-accelerate-novel-alzheimers-treatment">on a new partnership</a> to develop its Alzheimer&rsquo;s treatment.</li>



<li>Allarity Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/allr-stock-quote/">ALLR</a>) shares are increasing over 44% after encouraging investors to <a href="https://finance.yahoo.com/news/allarity-encourages-shareholders-vote-reverse-100000785.html">vote for a reverse stock split</a>.</li>



<li>Regencell Bioscience (NASDAQ:<a href="https://investorplace.com/stock-quotes/rgc-stock-quote/">RGC</a>) stock is heading more than 33% higher alongside strong pre-market trading.</li>



<li>Pieris Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/pirs-stock-quote/">PIRS</a>) shares are rising over 28% after <a href="https://www.nasdaq.com/press-release/palvella-therapeutics-and-pieris-pharmaceuticals-announce-definitive-merger-agreement">announcing a merger agreement</a>.</li>



<li>Bone Biologics (NASDAQ:<a href="https://investorplace.com/stock-quotes/bblg-stock-quote/">BBLG</a>) stock is jumping more than 23% with heavy early morning trading today.</li>



<li>NewGenIvf (NASDAQ:<a href="https://investorplace.com/stock-quotes/nivf-stock-quote/">NIVF</a>) shares are climbing over 22% after providing a <a href="https://www.nasdaq.com/press-release/newgenivf-provides-update-potential-reverse-merger-covirix-2024-07-23">reverse merger update</a>.</li>



<li>Perfect Moment (NYSEMKT:<a href="https://investorplace.com/stock-quotes/pmnt-stock-quote/">PMNT</a>) stock is getting a close to 19% boost after announcing a <a href="https://www.nasdaq.com/press-release/perfect-moment-teams-quiet-platforms-establish-distribution-center-us-2024-07-22">distribution center agreement</a>.</li>



<li>Catheter Precision (NYSEMKT:<a href="https://investorplace.com/stock-quotes/vtak-stock-quote/">VTAK</a>) shares are up more than 16% without any clear news this morning.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Azitra&nbsp;(NYSEMKT:<a href="https://investorplace.com/stock-quotes/aztr-stock-quote/">AZTR</a>) stock is crashing over 73% but only <a href="https://investorplace.com/2024/07/why-is-azitra-aztr-stock-up-315-today/">after a massive rally yesterday</a>.</li>



<li>Conn&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/conn-stock-quote/">CONN</a>) shares are plummeting 28% on <a href="https://www.12newsnow.com/article/news/local/texas/conns-reportedly-planning-mass-closures/502-4db60564-6fdd-4ffa-ae26-899bec91f75c">reports of impending store closures</a>.</li>



<li>ATI Physical Therapy (NYSE:<a href="https://investorplace.com/stock-quotes/atip-stock-quote/">ATIP</a>) stock is diving more than 25% without any obvious news this morning.</li>



<li>Verastem (NASDAQ:<a href="https://investorplace.com/stock-quotes/vstm-stock-quote/">VSTM</a>) shares are tumbling over 25% on a <a href="https://finance.yahoo.com/news/verastem-oncology-announces-proposed-public-200500583.html">proposed public offering</a>.</li>



<li>Agape ATP (NASDAQ:<a href="https://investorplace.com/stock-quotes/atpc-stock-quote/">ATPC</a>) stock is taking an almost 24% beating after a rally yesterday.</li>



<li>AtlasClear (NYSEMKT:<a href="https://investorplace.com/stock-quotes/atch-stock-quote/">ATCH</a>) shares are sliding more than 22% despite a lack of news on Wednesday.</li>



<li>Sage Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/sage-stock-quote/">SAGE</a>) stock is dropping over 22% after reporting <a href="https://www.nasdaq.com/press-release/sage-therapeutics-and-biogen-announce-topline-results-phase-2-kinetic-2-study-sage">Phase 2 topline results</a>.</li>



<li>Volato (NYSEMKT:<a href="https://investorplace.com/stock-quotes/soar-stock-quote/">SOAR</a>) shares are decreasing more than 21% <a href="https://www.nasdaq.com/press-release/volato-updates-fractional-program-additional-differentiated-benefits-2024-07-23">after a recent rally</a>.</li>



<li>Chijet Motor (NASDAQ:<a href="https://investorplace.com/stock-quotes/cjet-stock-quote/">CJET</a>) stock is slipping over 19% following yesterday&rsquo;s rally.</li>



<li>Salarius Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/slrx-stock-quote/">SLRX</a>) shares close out our pre-market stock movers down more than 19% after a rally yesterday.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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									</ul>The post <a href="https://investorplace.com/2024/07/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-july-24th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

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