Short interest for iLearningEngines gives investors a sense of the degree to which investors are betting on the decline of iLearningEngines's stock. Short interest data is updated every two weeks.

iLearningEngines Stock (NASDAQ:AILE), Short Interest Report

iLearningEngines

iLearningEngines Inc is an AI and automation platform that empowers its customers to productize their institutional knowledge by transforming it into actionable intellectual property that enhances outcomes for employees, customers and other stakeholders. Its platform enables enterprises to build intelligent Knowledge Clouds that incorporate large volumes of structured and unstructured information across disparate internal and external systems and to automate organizational processes that leverage these Knowledge Clouds to improve performance. The company combines its offerings with vertically focused capabilities and data models to operationalize AI and automation to effectively and efficiently address critical challenges facing its customers.

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Why Aon Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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Shares of Riot Platforms, Inc. (NASDAQ:RIOT) rose sharply in today&#39;s pre-market trading amid a rise in Bitcoin.



Bitcoin (CRYPTO: BTC) prices gained around 1.5% over the past 24 hours to $66,012 this morning.

Why Riot Platforms Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

iLearningEngines Inc

Aileron Therapeutics, Inc. - Common Stock

Aileron Therapeutics Inc

Virios Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) (the &quot;Company&quot; or &quot;Virios Therapeutics&quot;), a development-stage biotechnology company focused on advancing novel antiviral therapies to treat debilitating chronic diseases, including fibromyalgia (&quot;FM&quot;) and Long-COVID (&quot;LC&quot;), today announced the pricing of its previously announced public offering of 8,500,000 shares of its common stock at a public offering price of&nbsp;$0.20&nbsp;per share. Gross proceeds from the offering are expected to be approximately&nbsp;$1.7 million&nbsp;before deducting placement agent fees and estimated offering expenses. The offering is expected to close on May 22, 2024, subject to customary closing conditions. Virios Therapeutics intends to use the net proceeds of the proposed offering to commence preparatory activities for its planned IMC-2 Long-COVID Phase 2b study and for general corporate purposes.

VIRI

Reported Earlier, Virios Therapeutics Prices $1.7M Public Offering Of 8.5M Common Stock To Commence Preparations For Planned IMC-2 Long-COVID Phase 2b Study At $0.20/Share

<ul>
<li>Drug-resistant Acinetobacter baumannii is a growing global health threat and high priority pathogen needing new antibiotics, according to World Health Organization</li>
<li>China NMPA approval based on comprehensive clinical data demonstrating robust activity of SUL-DUR&nbsp;against carbapenem-resistant bacterial strains</li>
<li>In China, it is estimated there are approximately 300,000 cases of Acinetobacter infections and approximately&nbsp;74%&nbsp;of them are carbapenem-resistant</li>
</ul>

INVA

ZLAB

Zai Lab And Innoviva Specialty Therapeutics Receives NMPA Approval For XACDURO (Sulbactam-Durlobactam) For Hospital-Acquired And Ventilator-Associated Pneumonia Caused By Acinetobacter Baumannii-Calcoaceticus Complex In China

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WisdomTree Trust Japan Total Dividend Fund

Japan Tertiary Industry Activity Index (MoM) -2.4% Vs. 0.1% Est.; 1.5% Prior

<a href="https://www.cnbc.com/2024/05/20/taiwan-new-president-lai-ching-te-takes-office-amid-tensions-with-china.html">https://www.cnbc.com/2024/05/20/taiwan-new-president-lai-ching-te-takes-office-amid-tensions-with-china.html</a>
<ul>
<li>Taiwan&#39;s new president, Lai Ching-te, was sworn in on Monday, amid rising tensions with China which is deeply suspicious of the current leadership.</li>
<li>Lai&#39;s takes over from his predecessor Tsai Ing-wen after securing a victory in January&#39;s election&nbsp;that ushered in an unprecedented third presidential term for the Democratic Progressive Party.</li>
</ul>
Taiwan&#39;s new president, Lai Ching-te, was sworn in on Monday, amid rising tensions with China which is deeply suspicious of the current leadership and has previously referred to the incoming leader as a &quot;stubborn worker&quot; for the island&#39;s independence.
Lai takes over from his predecessor Tsai Ing-wen after securing a <a href="https://www.cnbc.com/2024/01/13/taiwan-2024-election-dpps-lai-ching-te-wins.html">victory in January&#39;s election&nbsp;</a>that ushered in an unprecedented third presidential term for the Democratic Progressive Party.
&nbsp;
Together with Lai, Hsiao Bi-khim, 52, a former de facto Taiwan ambassador to the United States, was also sworn in as vice president.
Lai is widely expected to reaffirm the status quo in cross-strait relations with China.
He earlier pledged commitment to Tsai&#39;s foreign and defense policies of strengthening the island&#39;s ties with the United States and its allies as well as boosting defense capabilities.

&nbsp;
Beijing considers democratically governed Taiwan as its own territory and Chinese&nbsp;President&nbsp;Xi Jinping&nbsp;regards reunification with the mainland &quot;<a href="http://www.gwytb.gov.cn/topone/202312/t20231231_12590901.htm">a historical inevitability</a>.&quot;
China has repeatedly denounced Lai as a &quot;<a href="http://www.gwytb.gov.cn/xwdt/xwfb/wyly/202401/t20240111_12592825.htm">stubborn worker for Taiwan independence</a>&quot; and a dangerous separatist. In recent weeks, Beijing has increased military incursions around the island ahead of the Lai&#39;s inauguration, <a href="https://www.straitstimes.com/asia/china-military-incursions-inch-closer-to-taiwan-sources-say">according to Reuters.</a>
&nbsp;
This has been a thorny issue in Beijing&#39;s complex relationship with the U.S., which <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/01/13/remarks-by-president-biden-before-marine-one-departure-41/">does not support Taiwan independence</a> but has called for <a href="https://www.whitehouse.gov/briefing-room/press-briefings/2024/01/11/background-press-call-by-a-senior-administration-official-on-taiwan-elections/#:~:text=We%20do%20not%20support%20Taiwan,both%20sides%20of%20the%20Strait.">cross-Strait differences to be resolved peacefully</a>, &quot;in a manner that is acceptable to the people on both sides of the Strait.&quot;
Xi told his U.S. counterpart&nbsp;<a href="https://www.cnbc.com/joe-biden/">Joe Biden</a>&nbsp;on the sidelines of the APEC leaders summit in November that Taiwan has always been the &quot;<a href="https://www.mfa.gov.cn/eng/zxxx_662805/202311/t20231116_11181442.html">most important and sensitive</a>&quot; issue in China-U.S. relations.
While Lai won the presidency in January, the DPP lost its majority in the legislature and only has a narrow mandate. &nbsp;
Kuomintang or KMT, Beijing&#39;s preferred political partner, has more seats than the DPP but not enough to have a majority on its own.&nbsp;

Global

'Taiwan's New President Lai Ching-Te Takes Office Amid Tensions With China' - CNBC

Reported Earlier, People's Bank of China Loan Prime Rate Unchanged At 3.45%

Reported Earlier, China Loan Prime Rate 5Y For May Unchanged At 3.95%

Iranian state news agency IRINN and semi-official news agency Mehr News reported that there were &#8220;no survivors&#8221; at the crash site of the helicopter carrying President Ebrahim Raisi.
What Happened: Raisi, a former hardline judiciary chief, became Iran&#8217;s eighth president in 2021 after a historically uncompetitive presidential election. As a former prosecutor and judge, he oversaw a period of intensified repression of dissent, according to human rights monitors, <a href="https://edition.cnn.com/middleeast/live-news/raisi-iran-president-helicopter-crash/index.html">according</a> to CNN.
Raisi was seen as a close ally of Iran&#8217;s Supreme Leader, Ayatollah Ali Khamenei, and was widely believed to be his potential successor.
The <a href="https://www.benzinga.com/news/24/05/38909714/iranian-presidents-helicopter-crashes-in-mountainous-terrain-official-says-leaders-life-at-risk">helicopter crash</a> occurred while Raisi was returning from a visit to the border with Azerbaijan. The aircraft crashed in mountainous terrain amid heavy fog, with the lives of Raisi and his foreign minister reportedly &#8220;at risk.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/05/38907930/anthony-scaramucci-labels-donald-trumps-hush-money-trial-as-obligatory-loyalty-test-for-republicans?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Labels Donald Trump&#8217;s Hush Money Trial As &#8216;Obligatory Loyalty Test&#8217; For Republicans, Says &#8216;It&#8217;ll Never Be Enough For Donald Trump&#8217;</a>
Why It Matters: The helicopter crash comes at a time of heightened tension in the region. Just last month, Iran&#8217;s President was in Pakistan to <a href="https://www.benzinga.com/news/24/04/38352545/irans-president-ebrahim-raisi-lands-in-pakistan-amid-tensions-seeks-to-repair-bilateral-relations-an">mend bilateral relations</a> amid military actions that had strained the two countries&#8217; ties. 
The visit was seen as a significant step towards normalizing relations, although the ultimate authority on state matters, including nuclear policy, lies with Iran's Supreme Leader Khamenei.
Earlier in April, Iran&#8217;s state-aligned media reported that the <a href="https://www.benzinga.com/news/24/04/38328453/iran-says-nuclear-facilities-safe-after-israeli-strike-us-confirms-escalation">nuclear facilities in Isfahan province</a> were safe following an Israeli strike. The attack, which was confirmed by a U.S. official, was not believed to have targeted nuclear installations.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38910114/elon-musk-counts-amazing-president-joe-biden-among-tesla-naysayers-who-wish-to-see-the-ev-maker-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Counts &#8216;Amazing&#8217; President Joe Biden Among Tesla &#8216;Naysayers&#8217; Who Wish To See The EV Maker Go Bankrupt</a>
Image Via Shutterstock 
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.

Iran's President Ebrahim Raisi Feared Dead As 'No Survivors' Found In Helicopter Crash: Report

<a href="https://www.cnbc.com/2024/05/20/iranian-president-ebrahim-raisi-is-feared-dead-following-a-helicopter-crash-state-media-.html">https://www.cnbc.com/2024/05/20/iranian-president-ebrahim-raisi-is-feared-dead-following-a-helicopter-crash-state-media-.html</a>
&nbsp;
<ul>
<li>Iranian President Ebrahim Raisi is feared to have died in a helicopter crash along with Foreign Minister Hossein Amirabdollahian, state media reported Monday.</li>
<li>Iranian state television reported "no sign of life" at the crash site of the helicopter that carried Raisi, Amirabdollahian, and others.</li>
</ul>
Iranian President Ebrahim Raisi is feared to have died in a helicopter crash along with Foreign Minister Hossein Amirabdollahian, <a href="https://t.me/Tehran_Fouri/197936">state media reported</a> Monday.
Iranian state television reported there were "no sign of life" at the crash site of the helicopter that carried Raisi, Amirabdollahian, and others.
&nbsp;
Raisi was returning from a ceremony to inaugurate a dam on Iran's common border with the Azerbaijan Republic, when his helicopter crashed upon landing in northern Iran's Varzaqan region on Sunday evening local time, according to <a href="https://en.irna.ir/news/85482801/Rescuers-race-against-time-to-find-Pres-Raisi-s-helicopter">state news agency IRNA</a>.
East Azerbaijan's governor, Malik Rahmati, and Raisi's security detail <a href="https://www.cnbc.com/2024/05/19/helicopter-iran-president-hard-landing.html">were also in the helicopter</a>.
The president's convoy included three helicopters, two of which landed safely, <a href="https://www.tasnimnews.com/en/news/2024/05/19/3088737/accident-reportedly-happens-to-iranian-president-s-helicopter">according to Iran's semi-official Tasnim news agency</a>.&nbsp;
Communication with Raisi's chopper was cut off about half an hour into the flight,<a href="https://www.tasnimnews.com/en/news/2024/05/19/3088905/contact-made-with-passenger-crew-of-helicopter-carrying-president-iran-s-vp"> Iran's Vice President for Executive Affairs Mohsen Mansouri said</a>. Raisi was travelling to Tabriz city to launch an oil project.
<a href="https://en.irna.ir/news/85482801/Rescuers-race-against-time-to-find-Pres-Raisi-s-helicopter">Inclement weather conditions and impassibility of the area</a> had hampered search and rescue operations, Iran's Revolutionary Guards Corps' chief Pirhossein Koulivand, reportedly said.
&nbsp;
Turkey and <a href="https://en.irna.ir/news/85482788/Russia-dispatches-aircraft-professional-rescuers-to-Tabriz">Russia</a> had sent aircraft to help with the search operations.
Raisi, 63, a hardline, conservative politician was elected president in 2021 after failing to get into the office in 2017.
An established political heavyweight, he was seen as a contender to <a href="https://www.cnbcafrica.com/wire/640756/">succeed supreme leader Ayatollah Khamenei</a>. As president, <a href="https://www.cnbc.com/2022/09/23/mass-protests-in-iran-is-the-regimes-biggest-challenge-in-years.html">he cracked down on dissent at home</a>.

"Iranian President Raisi Feared Dead Following Helicopter Crash As State Media Says 'No Sign Of Life'" - CNBC

Well-known economist and fierce Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) critic, Peter Schiff, tried downplaying the cryptocurrency's recent surge, highlighting its underperformance relative to silver.
What Happened: Using a previous April 3 post as a reference, Schiff underlined how the King Crypto has grown only 2% since then, while silver racked up gains of 21% in the same period.
<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">Since the date of this post, <a href="https://twitter.com/hashtag/silver?src=hash&amp;ref_src=twsrc%5Etfw">#silver</a> is up over 21% while <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is up less than 2%. That&#39;s more than 10x the bang for your buck with silver. Bitcoin is dead. Long live silver. <a href="https://t.co/WkiUTJmmol">https://t.co/WkiUTJmmol</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1791906134413963719?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
At his usual taunting best, the precious metals advocate addressed the pro-Bitcoin crowd, saying, "That&#8217;s more than 10x the bang for your buck with silver. Bitcoin is dead. Long live silver."
Well-known cryptocurrency analyst Benjamin Cowen responded to Schiff's post with a GIF saying, "Cherry picking of data is an old problem."
Why It Matters: Schiff has been criticized for coming up with small timeframe windows as per his liking to highlight Bitcoin's weaknesses and exaggerate the performance of assets he supports.&nbsp;
Over a longer period, though, Bitcoin was seen outperforming the white metal. Year-to-date, the apex cryptocurrency jumped 58% in value, while silver grew by 35%.&nbsp;
In the last year, Bitcoin has surged nearly 150%, dwarfing silver's gains of 34% in the same time.&nbsp;
In a cheeky retort, a user digged out one of Schiff's old posts from 2018 and highlighted how Bitcoin surged over 1000% since then while gold—another precious metal that Schiff heavily endorses—grew by less than 60%.&nbsp;
While the bullion market gains in 2024 have been noteworthy, few assets are presently matching Bitcoin&#8217;s remarkable climb this year, driven largely by its increased exposure to traditional markets via spot ETFs.
Price Action: At the time of writing, Bitcoin was exchanging hands at $$66,698.41, down 0.80% 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: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38911118/vitalik-buterin-says-proud-ethereum-doesnt-censor-critical-views-social-media-users-compla">Vitalik Buterin Says &#8216;Proud&#8217; Ethereum Doesn&#8217;t Censor Critical Views, Social Media Users Complain The Reality Is Opposite</a>

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

Cryptocurrency

Peter Schiff Says 'Bitcoin Is Dead, Long Live Silver' But Is It Really True?

Lai Ching-te has been sworn in as the new president of Taiwan, the global semiconductor powerhouse, succeeding Tsai Ing-wen and pledging to continue the island&#8217;s policy of de facto independence while strengthening its defenses against China.
What Happened: Lai, 64, was inaugurated on Monday, May 20, in Taipei. Thousands of people gathered for the ceremony, where Lai, also known as William, accepted congratulations from politicians and delegations from 12 nations with official diplomatic relations with Taiwan, as well as representatives from the U.S., Japan, and various European states, <a href="https://apnews.com/article/taiwan-president-lai-chingte-af4ff1f254e11c24f751cea000fb42d9">reported</a> AP News.
Lai, who served as vice president during Tsai&#8217;s second term, has promised to continue his predecessor&#8217;s efforts to maintain stability while bolstering Taiwan&#8217;s security through the acquisition of advanced fighters and other technology from the U.S.
He also plans to expand the defense industry with the production of submarines and aircraft, and strengthen regional partnerships with Taiwan&#8217;s unofficial allies.
During his career, Lai has evolved from a self-described &#8220;pragmatic worker for Taiwan's independence&#8221; to a proponent of maintaining the status quo across the Taiwan Strait and the possibility of talks with Beijing.
Lai Ching-te&#8217;s presidency is crucial for Taiwan&#8217;s continued dominance as a global semiconductor powerhouse. With Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) producing approximately 90% of the world's most advanced semiconductor chips, the island&#8217;s strategic importance in the tech industry is unparalleled, <a href="https://edition.cnn.com/2024/03/22/tech/taiwan-tsmc-talent-shortage-training-center-intl-hnk/index.html#:~:text=Sometimes%20called%20the%20most%20important,smartphones%20to%20artificial%20intelligence%20applications.">according</a> to a CNN report.
As TSMC expands its global footprint with new fabs in the U.S., Japan, and Germany, Lai Ching-te's role becomes even more significant. His administration can facilitate the necessary diplomatic and economic support to ensure these expansions succeed while maintaining Taiwan's leading-edge technology base. 
Additionally, his presidency can address the talent shortages and cultural adjustments TSMC faces as it globalizes, ensuring that Taiwan remains at the forefront of semiconductor innovation and production.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38906790/bitcoin-price-predicted-to-rise-due-to-demand-and-supply-dynamics-says-analyst-as-k?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Price Predicted To Rise Due To &#8216;Demand And Supply Dynamics,&#8217; Says Analyst As King Crypto Rebounds 10% In Last 7 Days</a>
Why It Matters: Lai&#8217;s inauguration comes at a time of heightened tensions between Taiwan and China. In the lead-up to the inauguration, China extended an olive branch to Taiwan in the form of an <a href="https://www.benzinga.com/news/24/05/38894961/china-woos-taiwan-with-investment-package-ahead-of-presidential-inauguration-as-xi-jinping-eyes-peac">investment package</a>, signaling a potential shift in relations.
Meanwhile, Taiwan&#8217;s exports have been impacted by <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38693812/weak-chinese-demand-dampens-taiwans-april-exports-us-imports-soar-to-new-heights">weakened demand from China</a>, prompting the island to look to other markets, particularly the U.S., for growth. The surge in Taiwanese exports to the U.S. has been attributed to strong demand for artificial intelligence-related products.
Additionally, the soaring stock of TSMC has led to <a href="https://www.benzinga.com/markets/equities/24/05/38888238/key-apple-supplier-tsmcs-42-stock-surge-prompts-weighting-limits-for-some-funds-what-you-need-to">restrictions on single-stock exposure</a> for some investors, potentially driving them to seek alternative investments in Taiwan.
Amid these developments, the U.S. has been vocal in its support for Taiwan, with Nancy Pelosi pressing for the <a href="https://www.benzinga.com/news/24/05/38887713/nancy-pelosi-presses-for-reinstatement-of-observer-status-at-who-for-taipei-cowardly-that-beijing-co">reinstatement of Taiwan&#8217;s observer status</a> at the World Health Organization to counter Beijing&#8217;s efforts to isolate Taiwan.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38907049/former-trump-ally-anthony-scaramucci-foresees-more-pension-funds-investing-in-bitcoin-we-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Trump Ally Anthony Scaramucci Foresees More Pension Funds Investing In Bitcoin: &#8216;We Are Still Early</a>&#8216;
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Tech

Lai Ching-Te Inaugurated As Next President Of Chip Powerhouse Taiwan

SpaceX CEO Elon Musk has been lauded for launching Starlink&#8217;s <a href="https://www.benzinga.com/news/24/05/38808661/did-solar-storm-zap-starlink-satellites-after-musks-warning-heres-what-happened">satellite internet service</a> in Indonesia, a move aimed at enhancing connectivity in the country&#8217;s remote areas.
What Happened: On Sunday, Musk along with Indonesian Health Minister&nbsp;Budi Gunadi Sadikin, introduced the Starlink&nbsp;service for the nation&#8217;s health&nbsp;sector. With its vast population exceeding 270 million spread across three time zones, Indonesia stands to benefit significantly.
The tech mogul shared a video of him speaking with the press at the launch on X, formerly Twitter, and said, &#8220;Bringing connectivity to remote communities radically improves access to education&nbsp;and economic opportunities.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bringing connectivity to remote communities radically improves access to education and economic opportunities <a href="https://t.co/hDVYvpRDKZ">pic.twitter.com/hDVYvpRDKZ</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1792309903367061625?ref_src=twsrc%5Etfw">May 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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On social media, several users praised Musk for his efforts. One person said,&nbsp;&#8220;It's amazing to me how&nbsp;the Left can despise Elon&nbsp;so much when pretty much&nbsp;everything he's doing is what&nbsp;they claim to want. Electric&nbsp;cars to save the environment.&nbsp;Internet connectivity to the underprivileged.&nbsp;Do they hate free speech&nbsp;SO MUCH that it outweighs&nbsp;all the good?&#8221;
Another user stated,&nbsp;&#8220;This is how you expand&nbsp;human consciousness. Everybody deserves a fair chance.&#8221;
A third individual simply&nbsp;said, &#8220;Changing the world one&nbsp;day at a time. Thanks!&#8221;
Why It Matters: Indonesia is the world&#8217;s largest archipelagic nation with over 735,000 square miles of territory. The country is made up of more than 17,000 islands. Its five main islands are Sumatra, Java, Sulawesi, parts of Borneo, and New Guinea.
Musk&#8217;s <a href="https://www.benzinga.com/news/24/05/38890509/looking-forward-spacex-ceo-elon-musk-blasts-off-to-indonesia-in-debut-visit-for-starlink-launch">visit to Indonesia was his first</a>. The billionaire arrived on the Indonesian resort island of Bali by private jet before attending the launch ceremony at a community health center in the provincial capital, Denpasar. He was dressed in a green batik shirt.
The service&nbsp;was launched at three Indonesian&nbsp;health centers,&nbsp;including two in Bali and&nbsp;one on the remote island&nbsp;of Aru in Maluku, reported Reuters. Starlink&#8217;s high internet speeds enable real-time data input to better address&nbsp;health challenges such as stunting&nbsp;and malnutrition. 
<a href="https://www.benzinga.com/government/23/02/30662005/indonesia-president-confident-of-winning-tesla-ev-plant-investment-courtesy-of-battery-reserves-and">Indonesia has been trying to attract</a> Musk&#8217;s electric vehicle company,&nbsp;Tesla Inc.,&nbsp;to build manufacturing plants related&nbsp;to electric vehicles, as the government aims&nbsp;to develop its EV sector&nbsp;using the country&#8217;s rich nickel&nbsp;resources.
When asked about this, Musk said, &#8220;We are focusing this event on Starlink and the benefits that connectivity brings to remote islands.&#8221; Indonesia marks the third Southeast Asian country where Starlink will be operational. Last year, Malaysia granted the firm a license to offer internet services, while in 2022, a Philippine-based company struck a deal with SpaceX.
On Monday, Musk is slated to meet with Indonesian President Joko Widodo, during which he will also speak at the World Water Forum being held on the island.
Photo courtesy: Shutterstock
Check out more of&nbsp;Benzinga's&nbsp;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:&nbsp;<a href="https://www.benzinga.com/news/24/05/38887772/google-seeks-to-repeat-chromebook-success-in-education-by-rolling-out-gemini-ai-for-schools-promises?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Seeks To Repeat Chromebook Success In Education By Rolling Out &#8216;Gemini&#8217; AI For Schools, Promises Enhanced Data Privacy</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Tesla CEO Elon Musk Gets Praise For Launching Starlink Services In World's Largest Archipelagic Nation Indonesia: 'Changing The World One Day At A Time'

Ahead of the 2024 presidential election, Paul Krugman has raised questions about whether falling gas prices will positively influence President Joe Biden&#8216;s poll numbers.
What Happened: Paul Krugman, a renowned American economist, raised doubts about whether falling gas prices would benefit President Joe Biden&#8216;s poll numbers. According to a post on X on Sunday, Krugman highlighted the political influence of gas prices despite presidents having minimal control over them.
&#8220;One factor I think is being underrated in political analysis is the price of gasoline. It &#x2A;shouldn&#8217;t&#x2A; be a political issue, since presidents have very little influence,&#8221; Krugman wrote. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One factor I think is being underrated in political analysis is the price of gasoline. It &#x2A;shouldn&#39;t&#x2A; be a political issue, since presidents have very little influence. But in practice it is; and may be one reason Biden&#39;s polls haven&#39;t improved as much as hoped 1/ <a href="https://t.co/yuBTB9Eevf">pic.twitter.com/yuBTB9Eevf</a>
&mdash; Paul Krugman (@paulkrugman) <a href="https://twitter.com/paulkrugman/status/1791831165218820388?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
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Krugman noted that futures prices indicate a significant drop in gas prices in the near future. He also pointed out that gas is not historically unaffordable, referencing a comparison of gas prices as a percentage of median weekly earnings.
However, Krugman emphasized that partisanship often distorts public perception, even for widely visible prices like gas. He cited a poll where 42% of Republicans believed gas prices were rising last December, despite a prolonged decline.
Krugman concluded by questioning whether the expected drop in gas prices would aid Biden or if many would ignore the reality of the situation. &#8220;So will gas prices help Biden? Or will large numbers of people refuse to believe their own eyes?&#8221; he asked, 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So will gas prices help Biden? Or will large numbers of people refuse to believe their own eyes? 5/
&mdash; Paul Krugman (@paulkrugman) <a href="https://twitter.com/paulkrugman/status/1791833426976211292?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/asia/24/05/38837883/teslas-top-rival-byd-reveals-starting-price-of-hybrid-electric-pickup-in-mexico-launch-yes-its-a-lot?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Top Rival BYD Reveals Starting Price Of Hybrid Electric Pickup In Mexico Launch — Yes, It&#8217;s A Lot Cheaper Than The Cybertruck</a>
Why It Matters: The debate over gas prices comes amid a broader discussion about the U.S. economy under Biden&#8217;s administration. In a recent interview, Biden claimed he had already <a href="https://www.benzinga.com/government/24/05/38724294/biden-says-hes-already-turned-economy-around-blames-corporate-greed-for-persistently-high-inflation">turned the economy around</a>, attributing persistent inflation to &#8220;corporate greed.&#8221;
In April, Krugman dismissed <a href="https://www.benzinga.com/news/24/04/38395855/is-inflation-taking-off-again-paul-krugman-dismisses-fears-citing-atlanta-fed-survey">fears of rising inflation</a>, citing a survey by the Atlanta Federal Reserve that showed stable inflation expectations.
Additionally, global gasoline demand growth is projected to halve by 2024 due to the <a href="https://www.benzinga.com/news/24/05/38634852/global-gasoline-demand-growth-to-halve-by-2024-amid-rising-ev-demand-in-china-us">increasing adoption of electric vehicles</a> in the U.S. and China, which could further impact gas prices.
Despite these economic factors, a recent poll revealed that 51% of Americans believe they were better off financially during former President Donald Trump&#8216;s tenure, even though Biden&#8217;s administration has overseen <a href="https://www.benzinga.com/news/24/05/38908073/trump-vs-biden-poll-reveals-surprise-preference-for-one-candidate-over-other-when-it-comes-to-econom">significant economic growth</a> and the best job market since the 1960s.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38887983/stanley-druckenmiller-sells-off-72-of-nvidia-stake-bets-big-on-these-type-of-stocks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Stanley Druckenmiller Sells Off 72% Of Nvidia Stake, Bets Big On These Type Of Stocks</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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<hr class="wp-block-separator has-alpha-channel-opacity" />

Politics

Will Falling Gas Prices Boost Biden's Popularity? Nobel Laureate Paul Krugman Has This To Say

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) co-founder and one of the biggest voices in the cryptocurrency space, Vitalik Buterin, praised the ecosystem's free speech ideals. However, the assertion faced backlash from a group of people on social media.
What Happened: The man behind one of the biggest blockchain projects took to social platform X to take pride in Ethereum's culture of welcoming criticism and not silencing voices with negative feedback on its work.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;m really proud that ethereum does not have any culture of trying to prevent people from speaking their minds, even when they have very negative feelings toward major things in the protocol or ecosystem. Some wave the ideal of &quot;open discourse&quot; as a flag, some take it seriously.
&mdash; vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1791783560807845981?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
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"Some wave the ideal of &#8220;open discourse&#8221; as a flag, some take it seriously," Buterin said, in an apparent dig at censorship happening on other blockchain platforms.&nbsp;
These claims, however, were challenged by social media users who narrated facing significant censorship by Ethereum influencers.&nbsp;
An X user going by the pseudonym dubzy responded, "Well I told someone that eth fees were expensive and he abused me for 13 minutes, explain that?"&nbsp;
Matthew Gould, founder and CEO of blockchain firm Unstoppable Domains, said he faced the exact opposite of what Buterin preached, including heavy censorship by some projects on the network and condemnation of divergent opinions on their operations.
Why It Matters: Constructive criticism of technology and processes is critical to any industry&#8217;s overall progress, as any expert will tell you.
Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) co-founder Anatoly Yakovenko endorsed Buterin's view and deemed it an industry-wide phenomenon.
"The whole industry is awesome. You don't see Microsoft and Google and Apple engineers all in one chat room constantly challenging each others design decisions," Yakavenko wrote while responding to Buterin's post.
Price Action: At the time of writing, Ethereum was exchanging hands at $3,089.07, down 1.43% 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>. 
Photo by Alexey Smyshlyaev on Shutterstock.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38910906/bitcoin-dogecoin-ethereum-retrace-on-profit-taking-by-retail-investors-analyst-predicts-pa">Bitcoin, Dogecoin, Ethereum Retrace On Profit-Taking By Retail Investors: Analyst Predicts Parabolic Rise For King Crypto Following Consolidation Phase</a>

$ETH

$SOL

Vitalik Buterin Says 'Proud' Ethereum Doesn't Censor Critical Views, Social Media Users Complain The Reality Is Opposite

Geoffrey Hinton, the &#8220;Godfather of AI,&#8221; who made headlines last year when <a href="https://www.benzinga.com/news/23/05/32146221/ai-godfather-geoffrey-hinton-quits-google-hard-to-see-how-you-can-prevent-the-bad-actors-from-using" target="_blank" rel="noreferrer noopener">he quit his job</a> at Google, has now warned of the potential job losses due to artificial intelligence. He has also called for the implementation of a universal basic income.
What Happened: During an interview <a href="https://www.bbc.com/news/articles/cnd607ekl99o">with</a> BBC Newsnight, Hinton expressed his concerns about&nbsp;the impact of AI on&nbsp;job security. He suggested that the government should consider implementing&nbsp;a universal basic income to address the potential inequality arising from AI-induced job losses.
&#8220;I&nbsp;was consulted by people in&nbsp;Downing Street and I advised&nbsp;them that universal basic income&nbsp;was a good idea,&#8221; he said. 
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Hinton also highlighted the potential risks of unregulated AI, stating that the current trajectory could lead to an &#8220;extinction-level threat&#8221; for humans. He also suggested that a prohibition&nbsp;on the military use of&nbsp;AI could be a better solution. 
&#8220;[Vladimir] Putin said some years ago that whoever controls AI controls the world. So I imagine they&#8217;re working very hard,&#8221; he said. &#8220;Fortunately, the West is probably well ahead of them in research. We&#8217;re probably still slightly ahead of China. But China&#8217;s putting more resources in. And so in terms of military uses I think there&#8217;s going to be a race.&#8221;
Why It Matters: Hinton&#8217;s warning comes amid a growing debate about&nbsp;the impact of AI on&nbsp;the workforce. Earlier this month, a&nbsp;study by Microsoft and LinkedIn&nbsp;revealed that <a href="https://www.benzinga.com/news/24/05/38703371/ai-adoption-in-workplace-employees-concealing-use-of-ai-tools-for-fear-of-job-replacement-microsoft">75% of employees use AI in their work</a>, with over half of them hesitant to admit to using AI for their most critical tasks, fearing that it might make them replaceable.
In March, the Institute for Public Policy Research or IPPR cautioned that the U.K. government might face a potential loss of up to eight million jobs as AI becomes more integrated into workplaces. The think tank also proposed that a &#8220;jobs apocalypse&#8221; can be averted with <a href="https://www.benzinga.com/news/24/03/37950694/ai-could-cost-uk-8m-jobs-but-theres-a-way-out-says-think-tank-if-they-dont-act-soon-it-may-be-too-la">appropriate government intervention</a>.
Meanwhile, the potential for AI to replace human jobs is already being explored in various industries. For instance,&nbsp;Yum Brands is planning to introduce<a href="https://www.benzinga.com/news/24/04/38083611/ai-gunning-for-fast-food-jobs-next-kfc-taco-bell-operator-yum-brands-planning-chatgpt-like-bots-to-b"> AI-driven bots&nbsp;to boost its fast-food operations</a>, potentially impacting the jobs of thousands of workers.
Despite these concerns, not everyone shares Hinton&#8217;s pessimism about the future of AI. Previously, Edward Snowden mocked AI pessimists, pointing out that even current AI <a href="https://www.benzinga.com/news/24/03/37681869/edward-snowden-mocks-ai-pessimists-your-printer-doesnt-work-and-google-cant-find-taco-bell-yet-youre">technologies are not performing as expected</a>.
Photo Courtesy: Wikimedia Commons
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:&nbsp;<a href="https://www.benzinga.com/news/24/05/38909116/openais-new-model-gpt-4o-elon-musks-high-regard-for-ilya-sutskever-and-microsofts-china-move-this-we?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s New Model GPT-4o, Elon Musk&#8217;s High Regard For Ilya Sutskever And Microsoft&#8217;s China Move: This We</a>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Media

'Universal Basic Income Was A Good Idea': AI 'Godfather' Geoffrey Hinton Warns Of Job Losses And Extinction-Level Threat From Tech

Tesla and SpaceX CEO Elon Musk has once again expressed his admiration for an Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) product, but it&#8217;s not the tech giant&#8217;s <a href="https://www.benzinga.com/markets/equities/23/11/35949574/apples-iphone-15-boosts-global-smartphone-sales-ending-27-month-decline-report" target="_blank" rel="noreferrer noopener">most successful product</a>, the iPhone or its first-generation mixed-reality headset, the Vision Pro. 
What Happened: Over the weekend, Musk took to X, formerly Twitter, to praise Apple&#8217;s headphones. &#8220;The Apple headphones are great.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Apple headphones are great
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1791916829201600753?ref_src=twsrc%5Etfw">May 18, 2024</a></blockquote>
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In the comment section, some users agreed with the tech billionaire but suggested that Apple AirPods come with a cord, others disagreed and hailed headphones by Bose Corporation as better products. One user also suggested that Tesla consider producing its line of headphones. 
Why It Matters: This is not the first time Musk has publicly acknowledged Apple&#8217;s products. Last year, in September, he <a href="https://www.benzinga.com/news/23/09/34835034/tesla-ceo-elon-musk-is-so-impressed-by-apples-iphone-15-photos-that-he-tells-tim-cook-im-buying-one">expressed his intention</a> to buy an iPhone 15 Pro Max. His vote of confidence came after Apple CEO Tim Cook shared images captured using the device by acclaimed photographers Stephen Wilkes and Reuben Wu.
Earlier this year, Musk also <a href="https://www.benzinga.com/news/24/01/36710585/elon-musk-tells-tim-cook-hes-looking-forward-to-trying-apple-vision-pro-hours-after-taking-a-swipe-a">indicated an interest in trying</a> the Apple Vision Pro. He has previously criticized mixed reality technology agreeing with a parallel drawn between the headsets and television. 
Given Musk&#8217;s stature in the tech world, his endorsement has a certain significance. In 2022, his support for &#8220;Elden Ring&#8221; reportedly sparked an increase in both the <a href="https://www.benzinga.com/general/gaming/24/04/38395097/elon-musk-likes-games-originating-from-this-country-because-because-they-havet-been-corrupted-by-w">game&#8217;s popularity and its sales</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/05/38849496/elon-musk-recalls-breaking-friendship-with-googles-larry-page-over-ilya-sutskever-linchpin-for-opena?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Recalls Breaking Friendship With Google&#8217;s Larry Page Over Ilya Sutskever: &#8216;Linchpin For OpenAI Being Successful&#8217;</a>
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.

AAPL

Elon Musk Endorses This Apple Product As 'Great' — And, No It's Not iPhone Or Vision Pro

Leading cryptocurrencies dipped Sunday evening as profit-hungry traders locked in gains from last week's relief rally. 
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 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>-1.05%</td>
<td>$66,231.95</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>-1.79%</td>
<td>$3,066.75</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>-2.97%</td>
<td>$0.1488</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin, the largest digital asset on the planet, was hovering over the $66,000 mark, after soaring past $67,000 earlier in the day. The correction pushed the rest of the market to give up its previous week&#8217;s gains as well.
Bitcoin's Open Interest fell 1.13% in the last 24 hours to $32.73 billion at the time of publication. The biggest decline was seen on Bitget, while CME—the world's largest Bitcoin futures exchange—experienced a 0.65% drop.
Despite the correction, most traders were bullish on Bitcoin's prospects, as the number of long positions for the coin significantly exceeded shorts in the last 24 hours.
The Cryptocurrency Fear &amp; Greed Index continued to signal "Greed," although the degree of greed subsided from last week's rally.
Top Gainer (24 Hour)
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<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin Cash (BCH)</td>
<td>+1.66%</td>
<td>$482.80</td>
</tr>
<tr>
<td>Arweave (AR)</td>
<td>+1.06%</td>
<td>$47.78</td>
</tr>
<tr>
<td>Chainlink (LINK)</td>
<td>+0.49%</td>
<td>$16.46</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap stands at $2.39 trillion, following a 1.59% decline in the last 24 hours.
Stock futures inched higher on Sunday, following the record-breaking rally of Dow Jones Industrial Average Friday. The Dow Jones Industrial Average Futures rose 0.1%, or 41 points, as of 8.30 p.m. EDT. Futures tied to the S&amp;P 500 gained 0.14%, while Nasdaq 100 Futures added 0.17%.
The upcoming week is set to witness first-quarter earnings from top AI-based companies like NVIDIA Corp., with analysts predicting an overall positive for technology stocks. Key macroeconomic data like existing home sales and jobless claims data will also be on investors' radar.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: On-chain analytics firm Santiment attributed the brake in the rally to the capitulation of small Bitcoin holders. The number of non-empty wallets fell to levels not seen in the last two months. 
However, the firm added, "Historically, small wallets dumping their coins to larger wallets is an encouraging and bullish sign for BTC."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f41f;&#x1f44b; <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is dancing just above $66.1K as small traders continue to <a href="https://twitter.com/hashtag/liquidate?src=hash&amp;ref_src=twsrc%5Etfw">#liquidate</a> their holdings despite the <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> bounce over the past week. Historically, small wallets dumping their coins to larger wallets is an encouraging and <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw">#bullish</a> sign for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. <a href="https://t.co/wlz4XPhfMD">https://t.co/wlz4XPhfMD</a> <a href="https://t.co/dTJAy5G6pL">pic.twitter.com/dTJAy5G6pL</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1792310926634631372?ref_src=twsrc%5Etfw">May 19, 2024</a></blockquote>
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Analyst Rekt Capital drew a historical equivalence with the last halving and predicted a consolidation phase for Bitcoin before it breaks into a parabolic rise.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> In 2020, Bitcoin performed a -19% retrace around the Halving And then consolidated for 160 days after the Halving before breaking out into the Parabolic Phase of the cycle (green) In 2024, Bitcoin retraced almost -24% around the Halving And if history repeats, price… <a href="https://t.co/5cSg3FTNGZ">pic.twitter.com/5cSg3FTNGZ</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1792233517025206457?ref_src=twsrc%5Etfw">May 19, 2024</a></blockquote>
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Cryptocurrency analyst Michaël van de Poppe forecasted a bullish pivot for altcoins, saying, "It&#8217;s very likely that Altcoins are continuing their upward grind from here and that we&#8217;ve finished the correction." 
Note that the crypto influencer recently <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38890935/top-crypto-trader-dumps-entire-bitcoin-portfolio-to-buy-altcoins-but-should-you-be-taking-">dumped all of his Bitcoins</a> in favor of altcoins.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s very likely that <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are continuing their upwards grind from here and that we&#39;ve finished the correction. Slow upwards grind, slowly but surely accelerating towards a vertical move in Q3/Q4. <a href="https://t.co/af2XMMu8NJ">pic.twitter.com/af2XMMu8NJ</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1792164298875387940?ref_src=twsrc%5Etfw">May 19, 2024</a></blockquote>
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Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38880951/senate-votes-to-overturn-controversial-sec-crypto-rule-but-will-biden-veto-it">Senate Votes To Overturn Controversial SEC Crypto Rule, But Will Biden Veto It?</a>

$DOGE

Bitcoin, Dogecoin, Ethereum Retrace On Profit-Taking By Retail Investors: Analyst Predicts Parabolic Rise For King Crypto Following Consolidation Phase

Rep. Jasmine Crockett (D-Texas) is reportedly launching a T-shirt line to support Democratic candidates, following a heated exchange with Rep. Marjorie Taylor Greene (R-Ga.).
What Happened: On Friday, Crockett announced on X that she will introduce the "Crockett Clapback Collection," featuring various merchandise inspired by her remarks, <a href="https://thehill.com/homenews/house/4672905-crockett-offering-bleach-blonde-t-shirts-following-spat-with-greene/">reported</a> The Hill.
The collection includes a T-shirt with the phrase "Bleach Blonde Bad Built Butch Body," which references her comment during a House Oversight Committee hearing last week.
Crockett mentioned that the proceeds will go towards ensuring a Democratic majority in the House. She noted that the merchandise will be available online soon.
The clash between Crockett and Greene occurred at a Thursday hearing when Greene commented on Crockett's appearance, sparking a heated exchange.
Crockett later defended her comments on CNN's "State of the Union" on Sunday, stating she does not regret her words and emphasizing her right to respect as a member of Congress.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38890222/biden-hands-out-big-l-to-trump-as-dow-hits-40k-for-first-time-and-ex-presidents-stock-market-cra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Hands Out &#8216;Big L&#8217; To Trump As Dow Hits 40K For First Time And Ex-President&#8217;s Stock Market Crash Prediction Falls Flat</a>
Why It Matters: This incident is not the first time Greene has been involved in a controversial exchange. Earlier, Jasmine Crockett accused Greene of racist behavior over a &#8220;fake eyelashes&#8221; comment during a hearing. Crockett asserted that Greene's remarks were racially motivated, stating, "She is racist. I mean, I don&#8217;t have any questions about that. Because, I mean, I don&#8217;t know that she&#8217;s ever attacked her own colleagues."
Earlier in March, Greene had another confrontation at Donald Trump&#8216;s Mar-a-Lago resort with British journalist Emily Maitlis. The clash began when Maitlis questioned Greene about her support for conspiracy theories. Greene responded by accusing Maitlis of being a conspiracy theorist herself, emphasizing her support for the truth, the constitution, and an America-first approach.
Photo courtesy: Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/05/38907610/trump-vs-biden-latest-poll-shows-candidates-locked-in-dead-heat-though-one-fares-significantly-worse?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Latest Poll Shows Candidates Locked In Dead Heat, Though One Fares Significantly Worse Than Other In Most Issues</a>
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
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General

Fiery Exchange with Marjorie Taylor Greene Prompts Jasmine Crockett to Launch 'Clapback' T-Shirt Collection

The stock market is set to continue its bull run for another three to five years before an AI bubble bursts, according to veteran tech analyst Gene Munster.
What Happened: Munster, the managing partner at Deepwater Asset Management, predicts that the stock market will continue to rise due to the increasing adoption of AI technologies. He believes that this trend will drive the market for the next three to five years, <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-rally-upside-ai-bubble-pops-tech-crash-2024-5">reported</a> Business Insider.
&#8220;We&#8217;re in the early stages of what is a three to five year bull market, and that may seem out of touch given the market run that we&#8217;ve had more recently&#8230; but if you ultimately believe in the substance of AI is going to be greater than the hype, then the market is going to continue,&#8221; Munster told CNBC on Friday.
Despite the recent market surge, Munster remains optimistic about the future of AI-driven stocks. He anticipates that the market&#8217;s growth will be fueled by smaller AI-focused companies, rather than just the mega-cap tech stocks.
Munster&#8217;s optimism is based on the belief that AI technologies will have a greater impact than the internet. He predicts that the stock market will eventually be inflated by a new class of tech companies, particularly those focused on AI.
However, Munster also warns that this bubble will eventually burst, leading to a painful end to the decade. Despite this, he advises investors not to shy away from owning stocks, as there is still potential for wealth creation in the interim.
&#8220;This is going to end in the spectacular bursting of a bubble, but I think there&#8217;s a lot of wealth creation that can happen between now and then,&#8221; Munster said.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38887983/stanley-druckenmiller-sells-off-72-of-nvidia-stake-bets-big-on-these-type-of-stocks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Stanley Druckenmiller Sells Off 72% Of Nvidia Stake, Bets Big On These Type Of Stocks</a>
He also pointed out Alphabet (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>) and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) as unique, flagship holdings in Deepwater Asset Management&#8217;s tech-focused portfolio due to their in-house AI technologies.
Why It Matters: Munster&#8217;s prediction comes at a time when the stock market is experiencing significant shifts. Just recently, Goldman Sachs forecasted a flat return for the S&amp;P 500 for the <a href="https://www.benzinga.com/markets/equities/24/05/38863242/stock-market-rally-for-2024-has-peaked-goldman-sachs-forecasts-flat-return-from-now-till-the-end">remainder of the year</a>, suggesting that the stock market rally for 2024 has peaked.
Additionally, investment strategist Ed Yardeni warned that the Fed&#8217;s potential monetary <a href="https://www.benzinga.com/news/24/05/38720656/feds-rate-cut-could-trigger-stock-market-melt-up-warns-investment-strategist">easing through interest rate cuts</a> could unleash a surge in the stock market, potentially propelling the S&amp;P 500 to record highs by the year's end.
On the other hand, JPMorgan&#8216;s Jamie Dimon voiced concerns about the persistent <a href="https://www.benzinga.com/news/24/05/38889820/jpmorgans-jamie-dimon-warns-of-a-lot-of-inflationary-forces-ahead-predicts-higher-interest-rates">inflationary pressures</a> in the U.S. economy. He suggested that these pressures may lead to a prolonged period of higher interest rates than what investors anticipate.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38908102/dogecoin-rises-4-45-amidst-anonymous-120-million-doge-transfer-to-robinhood?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Rises 4.45% Amidst Anonymous 120 Million DOGE Transfer To Robinhood</a>
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Equities

Stock Market To Rally For 3-5 Years Before AI Bubble Bursts, Predicts Veteran Analyst Gene Munster: 'We're In The Early Stages'

In a recent turn of events, Birmingham, Alabama&#8217;s Democratic Mayor, Randall Woodfin, has publicly denounced former President Donald Trump&#8216;s <a href="https://www.benzinga.com/news/24/05/38909755/donald-trump-for-third-term-ex-president-floats-controversial-idea-at-nra-convention">endorsement</a> by the National Rifle Association, labeling it as &#8216;sickening&#8217;.
What Happened: In an <a href="https://www.msnbc.com/politicsnation/watch/trump-s-praise-of-the-nra-is-sickening-says-mayor-of-birmingham-a-l-211222085715">interview</a> with Rev. Al Sharpton on MSNBC, Woodfin said, &#8220;It&#8217;s sickening&#8230;we are the only country where this is an issue.&#8221;
&#8220;We need men and women in Congress in both houses to have the fortitude to take on the NRA.&#8221;
Sharpton pointed out during the interview that Woodfin had not so long ago held a press conference last week over a series of shootings in which two children were traumatized on Mother&#8217;s Day.
As highlighted by <a href="https://time.com/6979795/trump-receives-nra-endorsement-urges-gun-owners-vote/">Time</a>, Trump, during his address to the NRA&#8217;s annual meeting in Texas, encouraged gun owners to participate in the 2024 elections. The NRA had officially endorsed Trump shortly before his speech.
Trump stated that the Second Amendment &#8220;is very much on the ballot&#8221; in November and cautioned that if President Joe Biden is re-elected, &#8220;they are coming for your guns, 100% certain.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38890222/biden-hands-out-big-l-to-trump-as-dow-hits-40k-for-first-time-and-ex-presidents-stock-market-cra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Hands Out &#8216;Big L&#8217; To Trump As Dow Hits 40K For First Time And Ex-President&#8217;s Stock Market Crash Prediction Falls Flat</a>
The Biden administration has initiated several measures to tackle gun violence, including a new rule to close a loophole that allows unlicensed dealers to sell thousands of guns annually without conducting background checks.
Despite the backlash, Trump has vowed to continue defending the Second Amendment, which he believes is &#8220;under siege&#8221;. He has also referred to himself as &#8220;the best friend gun owners have ever had in the White House&#8221;.
Why It Matters: Trump&#8217;s endorsement by the NRA and his call to gun owners to <a href="https://www.benzinga.com/news/24/05/38909755/donald-trump-for-third-term-ex-president-floats-controversial-idea-at-nra-convention">vote in the 2024 elections</a> comes amidst speculation about his potential third term in office. Trump hinted at a possible third-term presidency during his NRA address, drawing comparisons to Franklin D. Roosevelt&#8217;s four-term tenure. This has sparked controversy, considering the 22nd Amendment forbids a third-term presidency.
Read Next: <a href="https://www.benzinga.com/news/24/05/38887597/marjorie-taylor-greene-ally-thomas-massie-introduces-end-the-fed-bill-to-abolish-the-us-central-bank?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Ally Thomas Massie Introduces &#8216;End The Fed&#8217; Bill To Abolish The US Central Bank: &#8216;Americans Are Suffering Under Crippling Inflation&#8217;</a>
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'Sickening' — Trump's NRA Endorsement Slammed By Birmingham Mayor

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares increased 30.10% following <a href="https://www.benzinga.com//node/38848026" target="_blank" rel="noreferrer noopener">a rise in the price of Bitcoin</a>.</li>
<li>Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) shares jumped 25.97% following better-than-expected Q1 financial results and a Q2 FY24 <a href="https://www.benzinga.com//node/38844489" target="_blank" rel="noreferrer noopener">revenue guidance above estimates</a>. Several analysts boosted price <a href="https://www.benzinga.com//node/38870880" target="_blank" rel="noreferrer noopener">targets for the company</a>.</li>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) shares soared 15.02% after it reported better-than-expected financial results, and analysts raised <a href="https://www.benzinga.com//node/38848321" target="_blank" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) shares rose 13.99% following a Q1 revenue beat, and Tiger Global increased <a href="https://www.benzinga.com//node/38818138" target="_blank" rel="noreferrer noopener">its stake in the company</a>.</li>
<li>Insulet Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) shares surged 12.81%, even though short-seller Blue Orca Capital announced it had taken a&nbsp;<a href="https://www.benzinga.com//node/38826162" target="_blank" rel="noreferrer noopener">short position in its stock</a>.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares increased 11.69% after the company declared that it is expanding its server portfolio with performance and <a href="https://www.benzinga.com//node/38823833" target="_blank" rel="noreferrer noopener">efficiency upgrades to the Dell PowerEdge</a>. Morgan Stanley raised the <a href="https://www.benzinga.com//node/38852211" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Vodafone Group Plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOD#NASDAQ">VOD</a>) stock upped 10.75% after the company reported<a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">&nbsp;full-year financial results</a>.</li>
<li>Alcon Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) shares increased 9.69% after the company reported mixed Q1 financial results, and <a href="https://www.benzinga.com//node/38841656" target="_blank" rel="noreferrer noopener">analysts boosted their forecasts</a>.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares increased 9.54% following gaining momentum <a href="https://www.benzinga.com/news/24/05/38808523/the-8-silent-billionaires-cashing-in-on-the-ai-boom-besides-nvidias-jensen-huang-and-openais-sam-alt" target="_blank" rel="noreferrer noopener">at the start of the week</a>.</li>
<li>Corebridge Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>) shares rose 5.60% after American International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) reached a deal to sell shares of its stock in the company to <a href="https://www.benzinga.com//node/38874554" target="_blank" rel="noreferrer noopener">Nippon Life Insurance</a>.</li>
</ol>
Read Next: <a href="https://www.benzinga.com/news/24/05/38779419/these-10-large-cap-stocks-shined-brightest-last-week-may-5-may-11-2024-are-they-in-your-portfolio">These 10 Large Cap Stocks Shined Brightest Last Week (May 5-May 11, 2024): Are They In Your Portfolio?</a>

Large Cap

CRBG

DELL

MNDY

MSTR

ONON

PODD

SMCI

MicroStrategy Was The Best Among These 10 Large-Cap Stocks Scoring Big Last Week (May 12-May 19, 2024): Are They In Your Portfolio?

CGC, GENE and HOLO among mid-day movers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to start off the trading week with a look at the biggest pre-market stock movers for Monday morning!



Moving stocks this morning are earnings, investments, a delisting and more.



Let&rsquo;s get into that news below!



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



<ol><li>Moolec Science (NASDAQ:<a href="https://investorplace.com/stock-quotes/mlec-stock-quote/">MLEC</a>) stock is rocketing more than 67% on approval for its <a href="https://www.nasdaq.com/press-release/moolec-becomes-first-molecular-farming-company-to-achieve-usda-approval-for-plant">plant-groan animal proteins</a>.</li>



<li>OLB Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/olb-stock-quote/">OLB</a>) shares are soaring over 46% with heavy pre-market trading.</li>



<li>Complete Solaria (NASDAQ:<a href="https://investorplace.com/stock-quotes/cslr-stock-quote/">CSLR</a>) stock is surging more than 42% <a href="https://www.nasdaq.com/press-release/retail-stock-sector-and-chairman-t.j.-rodgers-invest-in-complete-solaria-2024-04-21">on investment news</a>.</li>



<li>SuperCom (NASDAQ:<a href="https://investorplace.com/stock-quotes/spcb-stock-quote/">SPCB</a>) shares are gaining over 33% ahead of its <a href="https://www.nasdaq.com/press-release/supercom-to-report-fourth-quarter-and-full-year-2023-financial-results-on-april-22">Q4 2023 earnings report</a> this morning.</li>



<li>Dermata Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/drma-stock-quote/">DRMA</a>) stock is rising more than 18% on Monday morning.</li>



<li>Galera Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/grtx-stock-quote/">GRTX</a>) shares are increasing over 17% without any clear news this morning.</li>



<li>Palisade Bio (NASDAQ:<a href="https://investorplace.com/stock-quotes/pali-stock-quote/">PALI</a>) stock is climbing more than 16% despite a lack of news today.</li>



<li>Global Gas (NASDAQ:<a href="https://investorplace.com/stock-quotes/hgas-stock-quote/">HGAS</a>) shares are heading over 14% higher on Monday.</li>



<li>Volato (NYSEMKT:<a href="https://investorplace.com/stock-quotes/soar-stock-quote/">SOAR</a>) stock is jumping more than 13% on Monday morning.</li>



<li>Portage Biotech (NASDAQ:<a href="https://investorplace.com/stock-quotes/prtg-stock-quote/">PRTG</a>) shares are up over 13% today.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Vaxxinity (NASDAQ:<a href="https://investorplace.com/stock-quotes/vaxx-stock-quote/">VAXX</a>) stock is crashing more than 55% on the company&rsquo;s <a href="https://finance.yahoo.com/news/vaxxinity-announces-intention-voluntarily-delist-202700884.html">plans to delist its shares</a>.</li>



<li>EzFill (NASDAQ:<a href="https://investorplace.com/stock-quotes/ezfl-stock-quote/">EZFL</a>) shares are plummeting close to 37% this morning.</li>



<li>Hepion Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/hepa-stock-quote/">HEPA</a>) stock is diving over 29% on plans to <a href="https://www.nasdaq.com/press-release/hepion-pharmaceuticals-initiates-wind-down-activities-in-phase-2b-ascend-nash-trial">wind down a clinical trial</a>.</li>



<li>iLearningEngines (NASDAQ:<a href="https://investorplace.com/stock-quotes/aile-stock-quote/">AILE</a>) shares are tumbling more than 21% after <a href="https://finance.yahoo.com/news/ilearningengines-inc-becomes-publicly-traded-200500132.html">going public last week</a>.</li>



<li>Redwoods Acquisition (NASDAQ:<a href="https://investorplace.com/stock-quotes/rwod-stock-quote/">RWOD</a>) stock is taking an over 15% beating <a href="https://investorplace.com/2024/04/why-is-redwoods-acquisition-rwod-stock-up-72-today/">after a recent rally</a>.</li>



<li>Biophytis (NASDAQ:<a href="https://investorplace.com/stock-quotes/bpts-stock-quote/">BPTS</a>) shares are sliding more than 15% ahead of <a href="https://www.nasdaq.com/press-release/biophytis-announces-ratio-change-under-its-american-depositary-receipt-adr-program-0">a ratio change tomorrow</a>.</li>



<li>Adlai Nortye (NASDAQ:<a href="https://investorplace.com/stock-quotes/anl-stock-quote/">ANL</a>) stock is dropping nearly 15% today.</li>



<li>BioSig Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/bsgm-stock-quote/">BSGM</a>) shares are falling over 13% this morning.</li>



<li>Sunshine Biopharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbfm-stock-quote/">SBFM</a>) stock is decreasing more than 12% today.</li>



<li>Indonesia Energy (NYSEMKT:<a href="https://investorplace.com/stock-quotes/indo-stock-quote/">INDO</a>) shares close out our pre-market stock movers down over 10%.</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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	The post <a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-monday-april-22nd/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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

iLearningEngines reports Q4 results

An announcement from iLearningEngines Holdings (AILE) is now available. As part of a significant business combination, iLearningEngines and its aff...

iLearningEngines Holdings: Strategic Financial Restructuring and Expansion

Aon, Kinsale Capital among financial movers

Warning: AILE is at high risk of performing badly

SYT, DPSI among major tech gainers; CETX, SWVL among losers

In a report released today, Matthew Harrigan from Benchmark Co. maintained a Buy rating on iLearningEngines Holdings (AILE – Research Report), with...

Benchmark Co. Keeps Their Buy Rating on iLearningEngines Holdings (AILE)

iLearningEngines reports Q1 results

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Press Releases

iLearningEngines, Inc. Becomes Publicly Traded Company After Completing Business Combination With Arrowroot Acquisition Corp., Will Commence Trading on Nasdaq Under Ticker Symbol "AILE"

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iLearningEngines Stock (NASDAQ:AILE), Short Interest Report

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