La vendita allo scoperto per VanEck Bitcoin Trust Common Shares of Beneficial Interest dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di VanEck Bitcoin Trust Common Shares of Beneficial Interest. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

VanEck Bitcoin Trust Common Shares of Beneficial Interest (BATS:HODL), Report sulle vendite allo scoperto

The Trust is a passive investment vehicle that does not seek to generate returns beyond tracking the price of bitcoin.

VanEck Bitcoin Trust

VanEck Bitcoin Trust Common Shares of Beneficial Interest

David Kelly, the chief global strategist at JPMorgan Asset Management, has issued a warning to investors, urging them to exercise caution and reduce risk in the <a href="https://www.benzinga.com/general/education/24/10/41191050/s-p-500-to-end-year-over-6-000-34-of-benzinga-readers-predict-raging-bull-run">current market environment</a>.
What Happened: Kelly expressed his concerns about the market&#8217;s current state, despite the recent surge in stock indexes driven by robust economic data and a significant rate cut from the Federal Reserve, <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-september-jobs-report-growth-value-david-kelly-2024-10">reported</a> Business Insider. He emphasized that the potential for a soft landing could lead to increased risk for investors.
&#8220;I will say that although I think this is positive for the equity market, I am getting increasingly queasy about the fact that the equity market keeps on pricing in a soft landing,&#8221; Kelly said.
He cautioned that as the market continues to anticipate a soft landing, valuations rise, making asset prices more vulnerable to market shocks. Kelly suggested that investors should reduce risk and shift their funds from growth stocks to value stocks.
He also noted that the average American&#8217;s wealth has surged, which may prompt some investors to take on more risk than necessary. Kelly advised against this, suggesting that investors should only take on the risk required to achieve their financial goals.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41163698/grammy-nominated-rapper-logic-invested-6m-in-bitcoin-nearly-4-years-ago-this-is-how-much-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Grammy-Nominated Rapper Logic Invested $6M In Bitcoin Nearly 4 Years Ago: This Is How Much His Stash Would Be Worth Today</a>
Why It Matters: The warning from Kelly comes at a time when the market is experiencing significant highs. The S&amp;P 500 Index, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has been hitting <a href="https://www.benzinga.com/general/education/24/10/41191050/s-p-500-to-end-year-over-6-000-34-of-benzinga-readers-predict-raging-bull-run">all-time highs</a>, sparking optimism among investors.
However, the market is facing a complex economic landscape, with various factors such as labor disputes and natural disasters complicating the <a href="https://www.benzinga.com/news/24/10/41178818/sahms-rule-inventor-warns-of-messy-economic-data-as-fed-treads-easing-cycle-amid-labor-disputes-and">interpretation of economic data</a>. Renowned economist Claudia Sahm has highlighted the potential impact of labor market data, adding to the uncertainty.
Despite these challenges, Bank of America has identified crucial dates for the stock market leading up to the November Presidential election. The bank used options prices to predict potential movements in the S&amp;P 500 index. The most significant date is Nov. 6, <a href="https://www.benzinga.com/markets/equities/24/09/40995794/key-stock-market-dates-predicting-major-swings-revealed-ahead-of-2024-election-according-to-bank">the day after the election</a>, with an estimated 2.5% move in either direction.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41185026/whats-going-on-with-cisco-systems-stock-friday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Cisco Systems Stock Friday?</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

News

Markets

JPMorgan Chief Global Strategist Warns Investors On Risk In Current Environment: Increasingly Queasy That Market Keeps Pricing In A Soft Landing

Bettors at Polymarket are eyeing a strong possibility of Len Sassaman getting identified as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) creator Satoshi Nakamoto in the keenly awaited HBO documentary.&nbsp;
What happened: Gambles favoring Sassaman were at 39% as of this writing on the cryptocurrency-based prediction market, the highest in the list that included names of famous people believed to be pseudonymous creators at different times in the past.
A cypherpunk and developer of the PGP encryption and privacy technology, Sassaman's name has been frequently thrown around in the mystery saga. His death in July 2011 was preceded by Nakamoto&#8217;s final communication to Bitcoin developers, an eerie coincidence that strengthened the theory.
Next on the list was Blockstream CEO Adam Back, with more than 11% odds in favor. Back was supposedly <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">one of the first two people to receive an</a> email from Satoshi before Bitcoin's whitepaper was formally published.
Late American software developer Hal Finney, who was the recipient of the first Bitcoin transaction from Satoshi, had 3% of the total bets in favor.&nbsp;
About $4.5 million have been wagered on the outcome of the event as of this writing.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41199931/shiba-inus-shytoshi-kusama-calls-this-nation-crypto-capital-after-it-makes-digital-asset-t">Shiba Inu&#8217;s Shytoshi Kusama Calls This Nation &#8216;Crypto Capital&#8217; After It Makes Digital Asset Transactions Tax Free</a>
Why It Matters: The documentary titled ‘Money Electric: The Bitcoin Mystery," <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41179372/satoshi-nakamoto-about-to-be-unveiled-bitcoin-creators-identity-focal-point-of-upcoming-hb">claiming to unravel the "internet's biggest mystery</a>," is slated to premiere on Tuesday.&nbsp;
A 2:30-minute trailer dropped last week piqued the interest, not just of cryptocurrency enthusiasts but also of other followers who wanted to discover the true identity of the cult figure.&nbsp;
Nakamoto purportedly holds around <a href="https://www.arkhamintelligence.com/research/who-owns-the-most-bitcoin-2023-edition">1.1 million</a> Bitcoin, according to on-chain analytics platform Arkham Intelligence, making him one of the richest people in the world.
Price Action: At the time of writing, Bitcoin was exchanging hands at $63,630.34, up 2.76% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Image Courtesy: Wikimedia Commons
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41195876/michael-saylor-once-said-bitcoins-days-are-numbered-now-he-holds-more-than-a-billion-worth">Michael Saylor Once Said &#8216;Bitcoin&#8217;s Days Are Numbered.&#8217; Now He Holds More Than A Billion Worth Of King Crypto: Here&#8217;s What Changed For One Of Crypto&#8217;s Biggest Advocates</a></li>
</ul>

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

Cryptocurrency

$BTC

Len Sassaman Is Bitcoin Creator Satoshi Nakamoto In HBO Documentary? Polymarket Punters See High Probability

<ul>
<li>CSG Increases Purchase Price for The Kinetic Group to&nbsp;$2.225 Billion</li>
<li>SVP Transaction Contingent Upon Close of CSG Transaction 
	Vista Outdoor announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (&quot;SVP&quot;), a global alternative investment firm with approximately&nbsp;$19 billion&nbsp;of assets under management, to sell Revelyst in an all-cash transaction based on an enterprise value of&nbsp;$1.125 billion&nbsp;(the &quot;SVP Transaction&quot;). In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (&quot;CSG&quot;) to acquire The Kinetic Group, increasing the purchase price for the Kinetic Group to&nbsp;$2.225 billion&nbsp;(the &quot;CSG Transaction&quot;).</li>
</ul>

VSTO

Reported Friday, Vista Outdoor Sells Revelyst For $1.125B In All-Cash Deal With SVP; Boosts Kinetic Group Purchase Price To $2.225B

Macro Economic Events

Econ #s

Economics

Germany Factory Orders (MoM) For August -5.8% Vs. -1.9% Est.; 3.9% (Revised) Prior

U.K. Halifax House Price Index (YoY) For September 4.7% Vs. 4.3% Prior

U.K. Halifax House Price Index (MoM) For September 0.3% Vs. 0.2% Est.; 0.3% Prior

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) opened 2,800 <a href="https://www.benzinga.com/topic/tesla-supercharger">superchargers</a> in the third quarter, marking a growth of 23% year-on-year, the EV giant said in a post on social media platform X last week.
What Happened: As of the end of the third quarter of 2023, Tesla had 51,105 supercharger connectors around the globe. Now, the company has over 62,000 supercharger connectors, implying that the network is growing.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In Q3, we: → opened 2.8K Supercharger stalls, +23% year-over-year network growth → delivered 1.4 TWh, +27% year-over-year growth → saved 150+ million gallons of gasoline, offsetting 3+ billion lbs of CO2
&mdash; Tesla Charging (@TeslaCharging) <a href="https://twitter.com/TeslaCharging/status/1842074292512591910?ref_src=twsrc%5Etfw">October 4, 2024</a></blockquote>
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However, the rate of growth of the supercharger network has seemingly slowed significantly since the company announced layoffs of at least 10% of its global workforce in April. The layoffs impacted&nbsp;<a href="https://www.benzinga.com/news/24/05/38846223/elon-musk-fired-supercharger-chief-rebecca-tinucci-and-her-entire-team-after-she-refused-to-lay-off" target="_blank" rel="noreferrer noopener">500 members of the supercharging team</a>&nbsp;and&nbsp;Rebecca Tinucci, Tesla's then Senior Director of Charging Infrastructure, left the company.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="684" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07012924/9hkH6-tesla-supercharger-growth-trajectory-1-1024x684.png" alt="" class="wp-image-582577" style="width:572px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07012924/9hkH6-tesla-supercharger-growth-trajectory-1-1024x684.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07012924/9hkH6-tesla-supercharger-growth-trajectory-1-300x200.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07012924/9hkH6-tesla-supercharger-growth-trajectory-1-768x513.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07012924/9hkH6-tesla-supercharger-growth-trajectory-1.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The supercharger network grew only by about 4.7% quarter-on-quarter in the three months through the end of September. This is lower than the sequential growth rate of 7.4% achieved in the fourth quarter of 2023.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="684" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07013248/sJjvf-q-o-q-supercharger-network-growth-rate-1024x684.png" alt="" class="wp-image-582578" style="width:576px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07013248/sJjvf-q-o-q-supercharger-network-growth-rate-1024x684.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07013248/sJjvf-q-o-q-supercharger-network-growth-rate-300x200.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07013248/sJjvf-q-o-q-supercharger-network-growth-rate-768x513.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07013248/sJjvf-q-o-q-supercharger-network-growth-rate.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Why It Matters: During Tesla's annual shareholder meeting in June, Tesla CEO&nbsp;Elon Musk&nbsp;slammed rumors on the&nbsp;<a href="https://www.benzinga.com/news/24/05/38757383/elon-musk-announces-500m-investment-in-teslas-supercharger-network-expansion-in-2024" target="_blank" rel="noreferrer noopener">death of its supercharger network&nbsp;</a>as "greatly exaggerated."
"Our supercharger network is continuing to grow," Musk said.
The company continues to grow its supercharger network while keeping an eye on capital efficiency and the places they are deployed, Musk said while adding that it will deploy more "working" superchargers this year than the rest of the industry combined.
Tesla will invest $500 million in expanding the network this year, Musk said,&nbsp;<a href="https://www.benzinga.com/news/24/05/38757383/elon-musk-announces-500m-investment-in-teslas-supercharger-network-expansion-in-2024" target="_blank" rel="noreferrer noopener">reiterating his investment goal from May</a>.
Last month, Musk said that Tesla is opening a "<a href="https://www.benzinga.com/news/24/09/40766744/elon-musk-says-tesla-will-open-a-lot-more-superchargers-asks-ev-enthusiasts-for-input-on-where-to-in">lot more superchargers</a>," without detailing whether this is in addition to the&nbsp;$500 million investment pledged&nbsp;to expand the network this year or included within.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/10/41184066/stellantis-recalls-more-than-129k-ram-1500-trucks">Stellantis Recalls More Than 129K Ram 1500 Trucks</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

Tesla Supercharger Network Growth Slows Sequentially: EV Giant Adds 2,800 Stalls In Q3

ALTM

Reported Sunday, Arcadium Lithium Confirms Non-Binding Acquisition Approach By Rio Tinto

Reported Sunday, Ero Copper's Tucumã Operations Impacted By Storm-Induced Power Outage, Full Restoration Expected Within 14 Days

<a href="https://www.wsj.com/health/pharma/activist-starboard-value-takes-1-billion-stake-in-pfizer-89591cb6?mod=latest_headlines">https://www.wsj.com/health/pharma/activist-starboard-value-takes-1-billion-stake-in-pfizer-89591cb6?mod=latest_headlines</a>
&nbsp;
Activist investor Starboard Value has taken a roughly $1 billion stake in <a href="https://www.wsj.com/market-data/quotes/PFE">Pfizer</a> and wants the struggling drugmaker to make changes to turn its performance around, according to people familiar with the matter.&nbsp;
Pfizer had a market value of about $162 billion as of Friday. Its shares have been roughly cut in half from a record high notched in late 2021 after the company delivered the world's first Covid-19 vaccine. They are little changed so far this year, compared with a 21% rise in the S&amp;P 500.&nbsp;

Biotech

General

'Activist Starboard Value Takes $1 Billion Stake In Pfizer; Drugmaker's Shares Have Slumped As Demand For Covid-19 Vaccines And Treatments Has Slowed' - WSJ

Saylor Academy, a non-profit organization providing free and open online education material, introduced a new AI-powered course, &#8220;What is Money?&#8221; to help students grasp the philosophical aspects of the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ecosystem.&nbsp;
What happened: The academy, set up by Michael Saylor—known for his strong advocacy and investments in the leading cryptocurrency—is based around the famous talks between Saylor himself and Robert Breedlove on a podcast with the same name.
"This course is designed to facilitate a deep and reflective dive into the intersecting themes of energy, technology, and anthropology," a description of the course on the academy's website read.&nbsp;
Saylor deemed it a "timely course" for the Bitcoin age, in an X post on Sunday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Learn the fundamentals of money with <a href="https://twitter.com/saylordotorg?ref_src=twsrc%5Etfw">@saylordotorg</a> and <a href="https://twitter.com/OpenAI?ref_src=twsrc%5Etfw">@OpenAI</a>—a timely course for the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> age. <a href="https://t.co/B8OnqymafL">https://t.co/B8OnqymafL</a>
&mdash; Michael Saylor&#x26a1;&#xFE0F; (@saylor) <a href="https://twitter.com/saylor/status/1843009483343106274?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41199931/shiba-inus-shytoshi-kusama-calls-this-nation-crypto-capital-after-it-makes-digital-asset-t">Shiba Inu&#8217;s Shytoshi Kusama Calls This Nation &#8216;Crypto Capital&#8217; After It Makes Digital Asset Transactions Tax Free</a>
Why It Matters: Established in 1999 by Saylor, the non-profit initiative helps students earn free, verifiable course completion certificates, although they don't carry any specific endorsement.
One of the most influential Bitcoin advocates today, Saylor is known for his unwavering faith in the cryptocurrency, a stance that has resulted in MicroStrategy—the software company founded by him—becoming a Bitcoin proxy.
As of this writing, MicroStrategy is the world's largest corporate owner of Bitcoin, with a stash worth more than $16 billion, <a href="https://bitcointreasuries.net/">according</a> to bitcointreasuries.net.
Price Action: At the time of writing, Bitcoin was exchanging hands at $63,472.10, up 2.69% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Image via Michael
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41195876/michael-saylor-once-said-bitcoins-days-are-numbered-now-he-holds-more-than-a-billion-worth">Michael Saylor Once Said &#8216;Bitcoin&#8217;s Days Are Numbered.&#8217; Now He Holds More Than A Billion Worth Of King Crypto: Here&#8217;s What Changed For One Of Crypto&#8217;s Biggest Advocates</a></li>
</ul>

Michael Saylor's Non-Profit Academy Launches Bitcoin Course Placing King Crypto At The Intersection Of Energy, Technology, And Anthropology

The Federal Communications Commission or FCC has temporarily authorized&nbsp;Elon Musk-led SpaceX&nbsp;and&nbsp;T-Mobile U.S. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)&nbsp;to provide direct-to-cell service via Starlink satellites in areas <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41105907/hurricane-helene-shutters-baxter-internationals-key-manufacturing-hub-in-north-caro">impacted by Hurricane Helene</a>.
What Happened: Over the weekend, SpaceX&#8217;s official handle on X, formerly Twitter, said that the Starlink satellites have started transmitting emergency alerts to all mobile networks in North Carolina.
The company also said that SpaceX and T-Mobile are contemplating the trial of basic texting capabilities for most mobile&nbsp;phones on the T-Mobile network&nbsp;in the same state.
Moreover, due to the partial deployment of SpaceX&#8217;s direct-to-cell constellation, all services will be offered&nbsp;on a best-effort basis.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Says, Orion &#8216;Is Probably Going To Be The Next Major Platform After Phones&#8217; — Meta&#8217;s New AR Wearables Real-Life Tony Stark Glasses In The Making?</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We remain committed to helping with recovery efforts in states affected by Hurricane Helene. We stand ready to do all that is necessary to return connectivity to hard-hit areas and save lives. <a href="https://t.co/i8psUSg9yF">https://t.co/i8psUSg9yF</a>
&mdash; The FCC (@FCC) <a href="https://twitter.com/FCC/status/1843008045816926298?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The&nbsp;severe flooding caused by Hurricane Helene resulted in widespread &#8220;blackout zones,&#8221; especially in North Carolina, severely disrupting communication in&nbsp;the southeast region of the&nbsp;U.S.
This approval comes after&nbsp;<a href="https://www.benzinga.com/news/24/10/41195370/elon-musk-said-his-blood-was-boiling-after-fema-allegedly-didnt-allow-spacex-engineers-to-deliver-st">SpaceX&#8217;s alleged struggle</a>&nbsp;to deliver Starlink terminals and supplies to disaster-stricken areas in North Carolina.
Musk had previously expressed his frustration over FEMA&#8217;s alleged refusal to allow SpaceX engineers to assist in the relief efforts.
However, the situation took a <a href="https://www.benzinga.com/news/24/10/41199978/mark-cuban-highlights-friendly-exchange-between-elon-musk-and-pete-buttigieg-on-spacex-hurricane-hel">positive turn when</a>&nbsp;Transport Secretary Pete Buttigieg expedited approval&nbsp;for support flights. This move has paved the way for SpaceX and T-Mobile to provide communication services in the hurricane-hit areas.
SpaceX and T-Mobile launched their first <a href="https://www.benzinga.com/news/22/08/28643154/musks-spacex-collaborates-with-t-mobile-to-put-an-end-to-cell-phone-dead-zones">direct-to-cell satellites in January</a>, despite opposition from companies like AT&amp;T and Verizon, who voiced concerns to the FCC about potential interference with their cellular networks.
Photo by Fedor Selivanov on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41197944/nvidias-blackwell-gpu-musks-openai-accusations-teslas-robotaxi-event-and-more-this-week-in-ai?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Blackwell GPU, Musk&#8217;s OpenAI Accusations, Tesla&#8217;s Robotaxi Event, And More: This Week In AI</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

TMUS

SpaceX And T-Mobile's Direct-To-Cell Satellite Service For Hurricane-Hit Areas Green Lighted By FCC: 'Already Been Enabled And Started Broadcasting Emergency Alerts To Cell Phones On All Networks'

ARK Invest CEO Cathie Wood painted a bullish picture for Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) future in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41198872/teslas-we-robot-event-will-likely-feature-robotaxi-25k-ev-and-optimus-updates-says-">autonomous vehicle market</a>, while also sharing insights on the booming artificial intelligence sector and the potential for companies like OpenAI to go public.
What Happened: Wood, known for her optimistic tech forecasts and her company&#8217;s flagship ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), sees a &#8220;winner-takes-most&#8221; scenario unfolding in the autonomous driving space. Wood in an <a href="https://finance.yahoo.com/video/cathie-wood-talks-openai-investment-222429812.html">interview</a> with Yahoo Finance predicts this could translate into a staggering &#8220;trillion-dollar-plus revenue opportunity for Tesla in the next five years.&#8221;
&#8220;The company that gets people from point A to point B the fastest, safest, and with the least wait time is going to dominate the market,&#8221; Wood explained, emphasizing the high stakes in the race for <a href="https://www.benzinga.com/news/24/10/41184957/ahead-of-tesla-robotaxi-event-alphabets-waymo-partners-with-hyundai-for-autonomous-taxi-expansion">autonomous technology supremacy</a>.
Her comments come as OpenAI, the company behind ChatGPT, raised $6.6 billion in a recent funding round, achieving a <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">valuation of approximately $157 billion</a>. ARK Invest has been among the firms investing in OpenAI, signaling Wood&#8217;s broader bet on the AI sector.
Wood identified OpenAI, Anthropic, xAI, Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) as companies &#8220;stealing the march&#8221; in the AI space. 
She expressed optimism about the development of agentic AI, which she believes will pave the way for increased profitability as companies can charge premium rates for more advanced AI capabilities.
Tesla&#8217;s "We, Robot" event&nbsp;is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41198872/teslas-we-robot-event-will-likely-feature-robotaxi-25k-ev-and-optimus-updates-says-">scheduled for Thursday at 10 p.m. EDT</a>, with investors hoping that the event will give a lift to the stock.&nbsp;
See Also: <a href="https://www.benzinga.com/news/24/10/41195370/elon-musk-said-his-blood-was-boiling-after-fema-allegedly-didnt-allow-spacex-engineers-to-deliver-st?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Said His Blood Was &#8216;Boiling&#8217; After FEMA Allegedly Didn&#8217;t Allow SpaceX Engineers To Deliver Starlink Terminals And Supplies To Hurricane Helene Victims, But Now They&#8217;ve Received Approval</a>
Why It Matters:&nbsp;Addressing concerns about OpenAI&#8217;s recent executive departures, Wood praised the leadership of CEO Sam Altman and CFO Sarah Friar. She noted that <a href="https://www.benzinga.com/news/24/09/41078848/openai-execs-feared-chatgpt-parent-would-collapse-after-departure-of-ilya-sutskever-tried-to-woo-him">rapid growth often necessitates management changes</a>, stating, &#8220;What we witness in companies that are growing very quickly from startup into scaling is you need a different kind of management team.&#8221;
On the topic of AI companies potentially going public, Wood observed a trend of firms staying private longer. She cited regulatory burdens and short-term investor mindsets in public markets as deterrents. However, she suggested that lower interest rates and increased investor patience for long-term strategies could make public offerings more attractive in the future.
Turning back to Tesla, Wood addressed the company&#8217;s long-promised autonomous driving capabilities. &#8220;It&#8217;s no longer a question of if, but when, for Tesla,&#8221; she said, pointing to Google-owned Waymo&#8217;s progress as evidence that <a href="https://www.benzinga.com/news/24/10/41184957/ahead-of-tesla-robotaxi-event-alphabets-waymo-partners-with-hyundai-for-autonomous-taxi-expansion">autonomous driving is becoming a reality</a>.
Wood&#8217;s firm has published a model on its website and GitHub, allowing investors to explore various scenarios for the autonomous vehicle market&#8217;s growth. According to their research, the platform opportunity for companies hosting autonomous networks could represent a &#8220;$4 to $5 trillion revenue opportunity over the next 5 to 10 years.&#8221;
The ARK Venture Fund agreed to invest <a href="https://www.benzinga.com/24/10/41156606/cathie-wood-led-ark-venture-fund-agrees-to-invest-at-least-250m-in-openais-historic-funding-round-ch">at least $250 million</a> in OpenAI&#8217;s historic funding round. This investment marks ARK&#8217;s second in the AI firm, which has been pivotal in the generative AI space since launching ChatGPT.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41177884/mark-cuban-an-ardent-kamala-harris-supporter-isnt-keen-on-elizabeth-warren-as-he-is-on-her?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban, An Ardent Kamala Harris Supporter, Isn&#8217;t Keen On Elizabeth Warren As He Is On Her Pro-Crypto GOP Rival: Here&#8217;s Why</a></li>
</ul>
Image via Ark Invest
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

ARKK

GOOG

GOOGL

Cathie Wood Predicts Trillion Dollar Revenue Opportunity For Tesla In Autonomous Vehicles: 'Winner-Takes-Most' In AI And Driving Tech

September proved to be an unseasonably strong month for the market, with the <a href="https://www.benzinga.com/news/earnings/24/10/41113340/us-stocks-set-for-shaky-start-ahead-of-jolts-data-nike-earnings-strategist-says-these-3-structural-">S&amp;P 500, a measure of broader market performance, ending the month up 2.02%. </a>Trading volume on full-range brokerage services provider Charles Schwab Corporation&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) platforms, however, dipped.
What Happened: The Schwab Trading Activity Index, or STAX, fell from 53.15 in August to 47.10 in September, a release from the Charles Schwab on Monday showed. The STAX is calculated using a sampling method, drawing data from the firm&#8217;s client base of millions of funded accounts, including those accounts that completed a trade in the month.
The index indicates what traders were doing and how they were positioned in the market that month.
The September reading of 47.10 would rank as a &#8220;moderate low&#8221; compared to historical averages, the firm said.
What Drove Trading Action: Investor actions were either proactive or reactive as they positioned themselves for a slew of economic data that dropped during the month. &#8220;In September there was no shortage of market-affecting economic data, and Schwab's clients responded in kind by de-risking and taking profit opportunities," said Joe Mazzola, Head Trading &amp; Derivatives Strategist at Charles Schwab.
The market has factored in an aggressive Federal Reserve and Charles Schwab&#8217;s clients were largely optimistic about the economic activity. 
The firm highlighted the divergence between the market performance and the STAX score, calling it one of the biggest divergences in the history of its analysis. &#8220;The extent of the rate cut in September caught many by surprise and, taken in combination with all the other economic data swirling during the month, it make sense that clients pulled back a bit even as the markets soared,&#8221; it said.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the S&amp;P 500 Index started September on a negative note but bottomed at $547.71 (intraday) on Sept. 9 and at $538.71 (closing) on Sept. 6. The ETF rebounded thereafter and closed the month at an all-time high of $573.76. 

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="446" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-1024x446.png" alt="" class="wp-image-582402" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-1024x446.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-768x335.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-1536x670.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12.png 1915w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro data
See Also: <a href="https://www.benzinga.com/money/best-value-stocks">Best Value Stocks </a>
The S&amp;P 500 and the Dow Industrials also clocked record highs in the final session of September, as they ended at 5,762.48 and 42,330.15, respectively. On an intraday basis, these two indices scored records of 5,767.37 on Sept. 26 and 42,628.32 on Sept. 27.
The tech-heavy Nasdaq Composite Index ended September at 18,189.17, marking a 2-1/2 high month but shy off its all-time closing high of 18,647.45 (July 10). The index&#8217;s intra-high is 18,671.07 (July 11).
Stock Statistics: Early movers into artificial intelligence and a beaten-down chip stock were among the popular names bought by Charles Schwab&#8217;s clients. On the other hand, the firm&#8217;s clients were net sellers of some high-profile tech stocks, a telecom company and a couple of China-based companies.
<ul>
<li>Stocks In Favor
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</li>
<li>Intel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NYSE">INTC</a>)</li>
<li>Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</li>
<li>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
</ul>
</li>
<li>Stocks Out Of Favor
<ul>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)</li>
<li>AT&amp;T, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</li>
<li>Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)</li>
</ul>
</li>
</ul>
Underperforming chip stock Intel found some bounce in September amid rumors concerning a stake sale and spin-off. The stock ended September up over 6%. The interest in Palantir does not come as a surprise given the kind of retail interest and the company&#8217;s inclusion in the S&amp;P 500 Index.
Interestingly, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which has been a high-flier in October, does not feature in the top six most-bought list of Charles Schwab.
Although traders were net sellers of Alibaba and Nio in September, these two stocks have been on fire since China announced <a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">stimulus measures announced in late-September. </a>
The SPY ended Friday&#8217;s session up 0.91% at 572.98, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data.</a>
Image via Flickr
Read Next:
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</ul>

Trading Ideas

BABA

INTC

MSFT

NVDA

PLTR

SCHW

Schwab Trading Activity Falls In September Despite Market Strength: Nvidia, Palantir Among Most Sought-After Stocks But These 5 Fell Out Of Favor

Memecoins erupted Sunday, with major coins topping the daily cryptocurrency gainers list.
What happened: Dog-themed token dogwifhat soared more than 16%, becoming the second-best performing cryptocurrency in the last 24 hours. The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin spiked to its highest level since July 23, witnessing a significant 75% jump in trading volume.
Cat-themed Popcat followed suit, gaining more than 15% to set a new all-time high. The cryptocurrency surged more than 40% in the last week and has been the market&#8217;s top gainer this year, with a staggering 15398% increase.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:45 p.m. EDT)</td>
</tr>
<tr>
<td>dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+16.82%</td>
<td>$2.66</td>
</tr>
<tr>
<td>Popcat (POPCAT)</td>
<td>+15.61%</td>
<td>$1.41</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+12.79%</td>
<td>$0.00002323</td>
</tr>
</tbody>
</table>
</figure>
Yet another Solana-based memecoin, Bonk, rose 12.79%, moving up to fifth place among top market performers.
Blue-chip coins like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) surged 4.47% and 6.63%, respectively, as the overall meme coin market capitalization spiked more than 9% in the last 24 hours.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41199931/shiba-inus-shytoshi-kusama-calls-this-nation-crypto-capital-after-it-makes-digital-asset-t">Shiba Inu&#8217;s Shytoshi Kusama Calls This Nation &#8216;Crypto Capital&#8217; After It Makes Digital Asset Transactions Tax Free</a>
Why It Matters: The jump followed <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41199806/bitcoin-ethereum-dogecoin-spike-as-market-stays-upbeat-after-better-than-expected-jobs-rep">a broader market rally</a> that saw bellwethers like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) make significant advances overnight.&nbsp;
The optimism could be attributable to Friday&#8217;s better-than-expected jobs report, indicating a healthy economy and allaying fears of a recession. 
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41195876/michael-saylor-once-said-bitcoins-days-are-numbered-now-he-holds-more-than-a-billion-worth">Michael Saylor Once Said &#8216;Bitcoin&#8217;s Days Are Numbered.&#8217; Now He Holds More Than A Billion Worth Of King Crypto: Here&#8217;s What Changed For One Of Crypto&#8217;s Biggest Advocates</a></li>
</ul>

Movers

$BONK

$DOGE

$ETH

$SHIB

$SOL

$WIF

Popcat, Dogwifhat Chart Toppers In Memecoin Tsunami; Dogecoin, Shiba Inu Rise As Broader Sentiment Improves

In a <a href="https://www.benzinga.com/markets/asia/24/04/38346345/chinese-hackers-may-control-your-water-and-are-laying-in-wait-fbi-warns-3-startups-to-watch">cyberattack linked to the</a> Chinese government, major U.S. broadband providers have reportedly been breached, potentially compromising systems used for court-authorized wiretapping requests.
What Happened: The hackers, known as Salt Typhoon, may have had access to these networks for months, posing a significant national security risk. The breach also extended to other sections of internet traffic, <a href="https://www.wsj.com/tech/cybersecurity/u-s-wiretap-systems-targeted-in-china-linked-hack-327fc63b">reported</a> The Wall Street Journal, citing people familiar with the matter.
AT&amp;T&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>),&nbsp;Verizon Communications&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and&nbsp;Lumen Technologies&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>)&nbsp;are among the companies whose&nbsp;networks were compromised in this intrusion.
The attack,&nbsp;considered a potentially catastrophic security&nbsp;breach, was primarily aimed at intelligence collection. The extent of the breach and the amount of data observed and exfiltrated by the hackers is still under investigation.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41181916/mark-cuban-offers-to-help-elon-musk-boost-x-revenue-says-tesla-ceo-is-concerned-about-declining-user?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Offers To Help Elon Musk Boost X Revenue, Says Tesla CEO Is Concerned About Declining Users: &#8216;I Wish He Would Call Me&#8217;</a>
The surveillance systems in question are used to comply with requests for domestic information in connection with criminal and national security investigations, the report noted.
Federal law mandates that telecommunications and broadband companies grant authorities access to intercept electronic data through court orders.
An individual with knowledge of the attack stated that the U.S. government views the breaches as highly significant and concerning from a historical perspective.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This cyberattack is the latest in a series of breaches linked to Chinese hackers. In April earlier this year,&nbsp;FBI Director Christopher Wray warned&nbsp;of China-linked hackers <a href="https://www.benzinga.com/news/24/04/38330156/fbi-chief-warns-xi-jinpings-ccp-linked-chinese-hackers-are-planning-to-physically-wreak-havoc-on-us">infiltrating U.S. critical infrastructure</a>, including telecommunications, energy, and water sectors.
In May, the&nbsp;<a href="https://www.benzinga.com/news/24/05/38659657/major-hacking-incident-exposes-data-of-military-personnel-in-uk-ministry-of-defence-breach-is-china">U.K. Ministry of Defence suffered a major data breach</a>, with the sensitive details of active military personnel compromised. The Chinese state was suspected to be behind the cyberattack.
By August, concerns about the security of the upcoming elections rose after&nbsp;Donald Trump's presidential campaign fell victim to a cyberattack, with <a href="https://www.benzinga.com/news/24/08/40305575/after-trump-campaign-blames-foreign-sources-hostile-to-the-us-for-cyberattack-ex-white-house-officia">foreign sources hostile to the U.S.</a> blamed for the intrusion.
The Salt Typhoon group, active since 2020, is a China-based nation-state hacking group focusing&nbsp;on espionage and data theft,&nbsp;particularly capturing network traffic.&nbsp;
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is currently investigating the Salt Typhoon intrusion along with other cybersecurity companies.
Image via Unsplash
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Says, Orion &#8216;Is Probably Going To Be The Next Major Platform After Phones&#8217; — Meta&#8217;s New AR Wearables Real-Life Tony Stark Glasses In The Making?</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

LUMN

Chinese Hackers Breach AT&T, Verizon Networks In Major Wiretap Data Theft Putting US National Security At Risk: Report

Mark Cuban, the renowned entrepreneur, recently <a href="https://x.com/elonmusk/status/1842350122899739050">shared</a> an exchange between Tesla and SpaceX CEO Elon Musk and Transport Secretary Pete Buttigieg.
What Happened: On a Thursday, Cuban shared the post that saw Musk express his appreciation for Secretary Buttigieg&#8217;s swift action. Musk said, &#8220;Thanks for expediting approval for support flights. Just wanted to note that Sec Buttigieg is on the ball.&#8221; 
Secretary Buttigieg responded, &#8220;Glad we could address —thanks for engaging.&#8221;
<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">Glad we could address —thanks for engaging.
&mdash; Secretary Pete Buttigieg (@SecretaryPete) <a href="https://twitter.com/SecretaryPete/status/1842351494646886882?ref_src=twsrc%5Etfw">October 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/markets/cannabis/24/10/41176745/drivers-cannot-be-penalized-for-cannabis-use-if-theyre-not-impaired-arizona-court-rules?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Drivers Cannot Be Penalized For Cannabis Use If They&#8217;re Not Impaired, Arizona Court Rules</a>
Why It Matters: This exchange comes in the wake of a series of events involving SpaceX, led by Elon Musk, and its efforts to provide aid to areas affected by Hurricane Helene. Musk had previously <a href="https://www.benzinga.com/news/24/10/41195370/elon-musk-said-his-blood-was-boiling-after-fema-allegedly-didnt-allow-spacex-engineers-to-deliver-st">expressed his frustration</a> with the Federal Emergency Management Agency (FEMA) for allegedly preventing SpaceX engineers from delivering Starlink terminals and supplies to disaster-stricken areas in North Carolina.
Buttigieg <a href="https://www.benzinga.com/news/24/10/41195165/pete-buttigieg-and-elon-musk-clash-over-hurricane-aid-flight-claims">pushed back</a> against Musk&#8217;s claims that the FAA was obstructing rescue flights for Hurricane Helene relief. Musk had criticized the government&#8217;s response, but after a private conversation, he thanked Buttigieg and expressed hopes for resolving the issue.
Former President Donald Trump had also <a href="https://www.benzinga.com/news/24/10/41110218/trump-says-he-spoke-with-elon-musk-for-starlink-deployment-to-aid-hurricane-helene-affected-areas-bu">claimed credit</a> for the deployment of Starlink satellites to aid communication restoration in the hurricane-affected areas, a claim that was contradicted by FEMA.
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>

Politics

Mark Cuban Highlights Friendly Exchange Between Elon Musk And Pete Buttigieg On SpaceX Hurricane Helene Relief Efforts: 'Glad We Could Address'

The United States may have reached a turning point in its <a href="https://www.benzinga.com/general/biotech/24/10/41137681/eli-lilly-nears-first-trillion-pharma-title-but-investors-caution-amid-sky-high-valuation?itm_source=parsely-api">decades-long battle against obesity</a>. Recent data suggests that 2020 could mark the year when obesity rates in America not only peaked but began to decline, echoing the historic moment in 1963 when cigarette sales in the U.S. hit their apex before falling.
What Happened:&nbsp;Renowned economist Justin Wolfers highlighted this significant shift on social media platform X, stating, &#8220;From the Department of Things Really Are Getting Better: The U.S. obesity rate may have peaked, and for the first time in a long time, it fell last year.&#8221; Wolfers attributes this change to new weight loss drugs, adding, &#8220;Chalk up another one to progress.&#8221;
John Burn-Murdoch, <a href="https://www.ft.com/content/21bd0b9c-a3c4-4c7c-bc6e-7bb6c3556a56">writing</a> an opinion piece for the Financial Times, suggests that one in eight U.S. adults have used these drugs, with 6% currently taking them.
The potential catalyst for this unprecedented decline? A new generation of diabetes and weight loss drugs, including Ozempic and Wegovy. These medications, which have shown remarkable results in clinical trials, are now being used by a significant portion of the U.S. population. 
As the U.S. leads this potential obesity decline, other countries are likely to follow suit. In Denmark, home to Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>), the creator of Ozempic and Wegovy, 3% of adults were using these drugs by the end of 2023, coinciding with a slowdown in obesity rate increases.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">From the Department of Things Really Are Getting Better: The U.S. obesity rate may have peaked, and for the first time in a long time, it fell last year. And yes, it&#39;s the new weight loss drugs, which really work. Chalk up another one to progress.<a href="https://t.co/jFxoPNYsIW">https://t.co/jFxoPNYsIW</a> <a href="https://t.co/icLjvfR57u">pic.twitter.com/icLjvfR57u</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1842554331767431512?ref_src=twsrc%5Etfw">October 5, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/biotech/24/10/41137681/eli-lilly-nears-first-trillion-pharma-title-but-investors-caution-amid-sky-high-valuation?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Eli Lilly Nears First Trillion Dollar Pharma Title, But Investors Caution Amid Sky-High Valuation</a>
Why It Matters: The decline in obesity rates is significant in the context of recent developments in the pharmaceutical industry. Roche Holdings AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>) has <a href="https://www.benzinga.com/general/biotech/24/09/41097630/roche-fast-tracks-obesity-drug-development-eyes-over-3b-sales-potential">fast-tracked its obesity drug development</a>, aiming for over $3 billion in sales potential. This move underscores the growing market for effective weight loss treatments.
Additionally, Eli Lilly and Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) is exploring broader <a href="https://www.benzinga.com/general/biotech/24/10/41118751/eli-lilly-eyes-new-trials-for-weight-loss-drugs-in-non-obese-patients">applications for its weight-loss drugs</a>, Mounjaro and Zepbound, targeting individuals with a lower BMI. 
Despite the promising results, a <a href="https://www.benzinga.com/general/biotech/24/10/41168351/popular-weight-loss-drugs-like-ozempic-show-gap-between-clinical-trial-promises-and-real-world-us">recent study</a> reveals a gap between clinical trial promises and real-world outcomes for drugs like Ozempic and Wegovy. 
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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>

Health Care

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Economist Justin Wolfers Points To Obesity Rate Decline As Ozempic And Wegovy Spur Historic Shift In Fight Against Obesity — Has US Reached A Turning Point?

Shytoshi Kusama, the mysterious lead developer at the helm of the Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) ecosystem, praised the UAE administration for exempting cryptocurrency transactions from value-added tax (VAT).
What happened: In an X post on Sunday, Kusama responded to news of the exemption with a GIF of Vegeta, a character in the popular anime series Dragon Ball. The pseudonymous personality dubbed the UAE the "cryptocurrency capital."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/cryptocapital?src=hash&amp;ref_src=twsrc%5Etfw">#cryptocapital</a> <a href="https://t.co/DEYRzhrizZ">https://t.co/DEYRzhrizZ</a> <a href="https://t.co/xtT7Uw8OzE">pic.twitter.com/xtT7Uw8OzE</a>
&mdash; Shytoshi Kusama&#x2122; (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1842946614773862591?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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Last week, the UAE&#8217;s Federal Tax Authority amended the country&#8217;s VAT laws, which, according to accounting giant PricewaterhouseCoopers (PwC), will <a href="https://www.pwc.com/m1/en/services/tax/me-tax-legal-news/2024/uae-vat-executive-regulation-amendments.html">eliminate </a>taxes on the transfer and conversion of virtual assets. 
Pwc added that the exemptions would be applied retroactively from Jan.1, 2018.
Note that the UAE does not levy federal-level income tax on individuals. However, it levies a 5 % value-added tax on the purchase of goods and services.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41172369/bitcoin-not-a-safe-haven-but-rising-trump-odds-could-fuel-a-rally-standard-chartered">Bitcoin &#8216;Not A Safe Haven&#8217; But Rising Trump Odds Could Fuel A Rally: Standard Chartered</a>
Why It Matters: The exemption was the latest in a series of active steps taken by the UAE administration to pitch the country as a cryptocurrency-friendly destination.
Earlier this year, the world's largest cryptocurrency exchange, Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) secured a full regulatory license in Dubai, paving the way for the juggernaut to offer virtual asset-related services to a broader range of customers.&nbsp;
Last week, Ripple Labs (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41125099/ripple-receives-dubai-approval-for-blockchain-payment-services">got an in-principle approval</a> to offer blockchain-enabled payment services from the Dubai International Financial Centre (DIFC).
Interestingly, Kusama has been i<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39176549/shiba-inu-lead-developer-shytoshi-kusama-ignites-excitement-with-cryptic-middle-east-post-">mpressed by the UAE&#8217;s cryptocurrency landscape</a> in the past and expressed admiration for the culture and his connections there.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41195876/michael-saylor-once-said-bitcoins-days-are-numbered-now-he-holds-more-than-a-billion-worth">Michael Saylor Once Said &#8216;Bitcoin&#8217;s Days Are Numbered.&#8217; Now He Holds More Than A Billion Worth Of King Crypto: Here&#8217;s What Changed For One Of Crypto&#8217;s Biggest Advocates</a></li>
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$BNB

$XRP

Shiba Inu's Shytoshi Kusama Calls This Nation 'Crypto Capital' After It Makes Digital Asset Transactions Tax Free

John Bolton, former National Security Advisor during the Donald Trump administration, has stressed that a regime change in Iran is crucial for peace in the Middle East in a recent column in The Telegraph.
What Happened: Bolton criticized the attacks on Israeli civilians by Hamas, instigated by Iran, on October 7, 2023, as acts of terrorism. He also condemned the Western media and think-tanks for denying Iran&#8217;s central role in the attacks. Bolton further highlighted that Iran&#8217;s barrage of over 180 ballistic missiles against Israel on October 1, 2024, indicated that civilian Iranian officials were not part of the decision-making process, reported The Telegraph.
Bolton also shared his opinion piece on X saying that what Hamas did to innocent Israeli civilians on October 7 is infamous for its &#8220;outright barbarity and savagery.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What Hamas did to innocent Israeli civilians on October 7th and every day after is infamous for its outright barbarity and savagery. It&#39;s the very definition of terrorism. Sadly, one year later, many Westerners still fail to grasp the full implications of the Iran-Hamas…
&mdash; John Bolton (@AmbJohnBolton) <a href="https://twitter.com/AmbJohnBolton/status/1843046524252491846?ref_src=twsrc%5Etfw">October 6, 2024</a></blockquote>
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He criticized the failure of Israeli and other intelligence agencies to uncover an Iran-to-Hamas &#8220;execute order.&#8221; He concluded his piece by expressing hope that Israel&#8217;s next move would encourage the people of Iran to overthrow Tehran&#8217;s mullahs, stating that the only durable outcome for Iran is ousting the Islamic Revolution of 1979.
&#8220;We can only wish Jerusalem the best, hoping it encourages the people of Iran to take their fate into their hands, beginning the overthrow of Tehran's mullahs,&#8221; wrote Bolton.
&#8220;Whatever Israel does now, the only durable outcome for Iran is ousting the Islamic Revolution of 1979.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41177884/mark-cuban-an-ardent-kamala-harris-supporter-isnt-keen-on-elizabeth-warren-as-he-is-on-her?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban, An Ardent Kamala Harris Supporter, Isn&#8217;t Keen On Elizabeth Warren As He Is On Her Pro-Crypto GOP Rival: Here&#8217;s Why</a>
Why It Matters: The Middle East has been a hotspot of escalating tensions. On October 1, 2024, <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">Iran launched a missile attack against Israel</a> following the recent killing of Hezbollah leader Hassan Nasrallah. 
This led to Israeli Prime Minister Benjamin Netanyahu <a href="https://www.benzinga.com/news/24/10/41133292/netanyahu-promises-retaliation-for-missile-attack-on-israel-iran-responds-by-promising-vast-destruct">promising retaliation</a> against Iran, which in turn warned of "vast destruction" if Israel retaliated.
Amidst heightened tensions in the Middle East, Donald Trump proposed that Israel <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">should focus on Iran's nuclear facilities</a>. His statements were made at a town hall gathering in Fayetteville, North Carolina.
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>

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