While the world focuses on Silicon Valley, one investment strategist is taking heed of China’s bold moves in the artificial intelligence space.
What Happened: Derek Yan, a senior investment strategist at KraneShares, spoke to Benzinga about how China’s internet giants are laying the groundwork for massive AI adoption.
U.S. investors can access China AI opportunities through ETFs like the KraneShares Hang Seng TECH Index ETF (NYSE:KTEC). The ETF tracks Hong Kong’s 30 largest tech companies, offering exposure to high-growth, innovative sectors like cloud, e-commerce and fintech. It’s market cap-weighted with an 8% cap per stock.
Top holdings of the ETF include Alibaba Group Holding Ltd (NYSE:BABA) (NYSE:BABAF), Meituan (OTCPK: MPNGF), Tencent Holdings Ltd (OTCPK: TCEHY), JD.com Inc (NASDAQ:JD), Xiaomi Corp (OTCPK: XIACF) and Kuaishou Technology (OTCPK: KUASF).
One way Chinese companies are taking a lead is by training their own models or using open-source ones — particularly in industries like entertainment, marketing and health care, Yan says.
The vast pool of data gathered from over a billion internet users is advantageous to companies when training large language models, he adds.
“China’s internet companies have previously proven successful in commercializing new technologies,” Yan said, citing the mobile tech boom that fueled the rise of these giants.
Why It Matters: China’s pace of adoption is nothing short of impressive, the strategist said.
“Chinese consumers tend to adopt new technology quicker than global peers,” Yan said, adding that this agility is evident in how quickly AI is being integrated. Companies like Kuaishou are already seeing success, with their AI model Kling rivaling OpenAI’s Sora, he said.
By 2025, we’ll see big Chinese enterprises adopting AI on a massive scale, Yan said.
The stage is set for generative AI to transform China’s business landscape, potentially driving huge growth in earnings for internet companies, in his view.
And with AI tools improving customer experience and cost efficiency, it’s clear China isn’t just catching up — it’s preparing to leapfrog into the future.
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Image: Shutterstock
How do you know if your cannabis is truly organic? Cannabis operators are now using cutting-edge technology to meet strict organic compliance standards while eliminating microbial risks—without harmful chemicals.
In an exclusive interview with Benzinga Cannabis, Arthur de Cordova, CEO and Co-Founder of Ziel, revealed how their innovative radiofrequency (RF) technology preserves product quality and ensures compliance.
And no, it’s not X-rays. De Cordova shared insights into the science behind Ziel’s RF machines, their competitive edge and how this technology aligns with organic certification standards.
Get Benzinga’s exclusive analysis and top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you’re serious about the business, you can’t afford to miss out.
How Radiofrequency Technology Works
Ziel’s radiofrequency (RF) technology offers a non-ionizing solution to microbial contamination in cannabis, which can cause serious health risks for consumers and lead to costly regulatory shutdowns for operators.
De Cordova explained how RF technology works at a molecular level: “RF technology operates on the premise that water molecules have both a positive and negative polarity. By aligning these water molecules with an electromagnetic field, we create friction, which generates thermal energy.”
The key to Ziel’s solution is volumetric heating. When cannabis flower is placed inside the RF machine, the entire product is heated evenly from edge to edge, unlike conventional methods where heat is applied from the outside, often resulting in uneven heating. De Cordova illustrated the difference.
“If you think about cooking a turkey in the oven, the outside gets overcooked while the inside may still be undercooked. But with RF technology, we achieve the target kill temperature of 80°C throughout the entire flower without burning the outside. This uniform heating is crucial because if any part of the flower doesn’t reach 80°C, the microbial contaminants won’t be fully eradicated,” he explained.
Non-Ionizing Vs. Ionizing: The Organic Advantage
This method of volumetric heating is what sets RF apart from traditional techniques like X-rays. Both gamma and E-beam methods work by altering the molecular structure of the cannabis, which can degrade the cannabinoids and terpenes that are essential for the product’s potency, flavor and aroma.
“RF preserves the sensory qualities of cannabis,” de Cordova said, “because it heats the flower uniformly without damaging the integrity of its cannabinoids or terpenes.”
He further explained that RF technology operates on the non-ionizing side of the electromagnetic spectrum, which makes it an organic-compliant solution. In contrast, ionizing technologies like gamma radiation and X-rays alter the molecular structure of the matter, disqualifying those methods from being used in organic products.
Read Also: From Food to Cannabis Buds, X-Rays Are Transforming Supply Chains, An Expert Explains How And Why
Sustainable And Scalable Technology
Additionally, RF technology uses only electricity, requiring no harmful chemicals, gases, or ventilation systems, further enhancing its appeal to operators looking for sustainable and efficient decontamination methods. “Our machines are compact and scalable —requiring only 240V single-phase power—, making them accessible for operators of all sizes,” de Cordova noted.
De Cordova highlighted the efficiency of the machine: “In about 15 minutes, the machine processes up to five pounds of cannabis flower.”
How Ziel’s Technology Supports Organic Certification
For operators seeking organic certification, Ziel’s RF technology provides a clear advantage. “Our technology is non-ionizing, meaning it qualifies as organic,” de Cordova said. In contrast, ionizing methods like gamma and X-ray do not meet organic standards.
This is especially important for markets where USDA Organic compliance is a key differentiator for cannabis products.
Competitive Edge: Efficiency And Cost Savings
Ziel’s RF machines offer significant savings compared to competitors. “In 24 hours, our machine can process 480 pounds of cannabis, while similar machines using other technologies can only process 90 pounds,” de Cordova explained.
This efficiency, combined with the technology’s ability to prevent product failures, helps operators recover costs quickly. “With a 10% failure rate, an operator could recoup that in just a few months by salvaging otherwise lost product.”
Ziel’s machines are also certified for use in Europe, with their first installation in Portugal. “We partnered with a GMP facility here in Portugal and went through the rigorous process of certifying the machine for use in the European market,” de Cordova said. This certification process is critical, especially for exporting cannabis to strict markets like Germany, where compliance with GMP standards is mandatory.
Read Next: Your Next Nugs Could Be Irradiated With X-Rays…For Your Own Safety
As the 2024 presidential election approaches, digital asset firms are wondering how a potential change in leadership could influence federal regulations surrounding crypto.
Mario Nawfal, CEO of IBC Group and upcoming speaker at the Benzinga Future of Digital Assets conference, shared how his company is preparing for these possible shifts.
IBC monitors updates from agencies like the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) and regularly consults legal experts specializing in digital assets, Nawfal explained.
“We are continuously monitoring the regulatory landscape by following updates from relevant agencies…and paying attention to legislative developments,” he said.
While the future remains uncertain, Nawfal expressed optimism about potential regulatory changes, particularly if former President Donald Trump is re-elected. “We are more optimistic if Trump is the next President, considering his stance on crypto relative to Harris.”
See Also: Donald Trump’s World Liberty Financial Plans To Raise $540M With Token Sale
Despite growing investments, the mass adoption of consumer-focused crypto applications has been slower than expected. Nawfal noted that part of this issue stems from the industry’s reputation as a place for quick financial gains.
“It is partially our fault that the crypto industry is still largely wrapped in a get-rich-quick aura, and most retail treats it as a casino,” he stated. He also highlighted that poorly designed products are a major hurdle, pointing out that success requires more than ideology or rhetoric. “We need good, sticky products. We need to bring product managers and designers on the front line,” he emphasized.
Navigating Market Volatility
With the digital asset market experiencing fluctuations, Nawfal addressed concerns about its long-term sustainability. While some worry the industry may have peaked, Nawfal pushed back against that notion, saying, “Doomers have been prophesying doom since the 1930s, yet here we are.”
He added that IBC Group’s strategy in uncertain times remains consistent—continuing to expand its portfolio, services, and media operations while maintaining financial security. “Our strategy in recession remains pretty much the same as during bulls…while maintaining a comfortable cash cushion at all times,” Nawfal explained.
As the Benzinga Future of Digital Assets event draws near, industry leaders like Nawfal will offer further perspectives on how the sector adapts to regulatory and market pressures. The event provides a platform for in-depth discussions about the future of digital assets in a changing economic and political environment.
As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga’s Future of Digital Assets event in New York City this November will provide industry leaders and investors with a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Image: Shutterstock
As the Benzinga Future of Digital Assets conference draws near, Hut 8, a leader in Bitcoin mining and computing infrastructure and speaker at the event, is preparing to share its strategic insights into navigating the volatile digital asset market.
In a recent interview with Benzinga, a company representative discussed how they are positioning themselves for long-term stability despite the industry’s unpredictable nature.
Safeguarding Operations Amid Market Uncertainty
Hut 8 has taken steps to safeguard its business by diversifying its revenue streams.
“Our strategy is to build a diversified business in which digital assets mining is a single revenue source within a broader platform spanning both fiat- and non-fiat-generating segments,” the spokesperson explained.
This approach helps the company reduce its dependence on Bitcoin mining alone, allowing it to weather potential downturns in the digital asset market.
Safeguarding Operations Amid Market Uncertainty
In addition to its diversified business model, Hut 8 holds a large reserve of Bitcoin—9,105 as of the end of August—as a hedge against market instability.
“We believe Bitcoin will appreciate, and our holdings help protect against the downside of temporary economic downturns and market cyclicality,” the company shared. This long-term belief in Bitcoin’s potential value reflects the company’s confidence in its strategy, even in an uncertain economic environment.
Building a Strong Foundation in Unstable Times
The upcoming Benzinga Future of Digital Assets conference offers an opportunity for Hut 8 to engage with investors and industry leaders and discuss how companies can navigate the challenges and opportunities in the digital asset space. By sharing its approach to building resilience through diversification and long-term asset management, Hut 8 continues to position itself as a forward-thinking company in the digital asset industry.
As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga’s Future of Digital Assets event in New York City this November will provide industry leaders and investors a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Image: Shutterstock
In the tech world, staying ahead of the pack is always the name of the game, but Apple Inc‘s (NASDAQ:AAPL) playing a different one.
Apple Is Laser-Focused On One Thing
Christopher Gannatti, Global Head of Research at WisdomTree, Inc., told Benzinga in exclusive comments that while giants like Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) face questions about keeping pace, Apple remains laser-focused on one clear goal: selling more iPhones.
“For much of the year, investors questioned if they were ‘falling behind’ rivals like Amazon and Alphabet,” Gannatti noted. “However, we must remember that Apple is possibly the most trusted brand on the consumer side of the electronics market.”
Apple’s Success Lies In Something Simpler
And that trust pays off in a big way. Forget about flashy software wins or even groundbreaking tech launches. As Gannatti points out, Apple’s success lies in something simpler yet more powerful: “great software that inspires a long tail of people to upgrade to a new phone.”
With over 1 billion iPhone users worldwide, the Cupertino giant isn’t merely selling phones—it’s nurturing a legacy. Each update provides consumers with another reason to remain loyal to the brand. Sure, Apple rolls out cutting-edge innovations, but the magic happens when these features become the next hook for selling devices like iPhones, iPads, Macs, and AirPods.
Take the Apple Intelligence rollout, for example. Has it revolutionized our lives yet? Not really.
Turning Innovation Into Consumer Loyalty
But Gannatti highlights that even this is part of Apple’s strategy. “Everything Apple is doing is focusing the discussion back on how to sell more phones, tablets, laptops, computers, watches, and headphones.”
Apple doesn’t need to be first to every innovation—it just needs to be the best at turning innovation into consumer loyalty. And with a billion iPhones in play, they’re playing that game exceptionally well.
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Photo: Farknot Architect/Shutterstock.com
Wednesday, Worksport Ltd (NASDAQ:WKSP) announced the successful lab test results of its COR portable energy system, which is used as a range extender for Tesla Inc (NASDAQ:TSLA) electric vehicles like the Model 3 and CyberTruck.
The COR Hub + Battery, which carries over 1.7 kWh of power, was tested with a Tesla Model 3.
Test data showed that it can add approximately seven miles of range as a Level 1 power source. Worksport views this development as a notable step forward for the Tesla community and electric vehicle owners, addressing range anxiety, a critical factor in broader EV adoption.
The COR system enables users to integrate additional COR batteries effectively, offering 1.5 kWh more power per battery. One could Level 1 Charge a Tesla Model 3 approximately 7 miles with each battery.
The Worksport COR is intended to be a practical tool for power on the go at campsites, worksites, and emergencies, the company said in the press release.
However, the company anticipates that future iterations of the COR system will function as a range extender for Tesla and other EVs. The system will officially launch with an Alpha Release iteration later this September, entering a growing multi-billion-dollar market.
In tandem with the COR battery, Worksport’s SOLIS solar tonneau cover is designed to provide a fully off-grid power solution for all types of users, including EV and ICE vehicle owners.
The patented SOLIS cover can charge the 1.5kWh COR battery up to 2-3 times per day with optimal sun conditions, offering a renewable source of mobile energy.
Worksport is exploring strategic partnerships to develop battery-powered Level 2 EV Charging Solutions, leveraging the SOLIS solar array to provide solar power to the systems’ battery banks.
This technology would facilitate faster, on-the-go mobile battery charging for many EVs, including Tesla vehicles. More information about these partnerships is forthcoming, the company said.
Steven Rossi, CEO of Worksport, stated, “An EV Industry insider told me that EVs tend to run out of power only miles away from a grid-powered EV charge station. Our COR Mobile Battery Generator could provide essential miles required to arrive at a destination charger.”
Price Action: WKSP stock closed higher by 3.60% at $0.5096 on Tuesday.
In an exclusive interview with Benzinga, Paul Eitelman, chief investment strategist for North America at Russell Investments, outlined two main catalysts that could spur a rotation into small-cap stocks as 2025 approaches.
While small-cap stocks struggled for investor attention in recent years, Eitelman believed certain macroeconomic events could be the game-changers.
Rotation Into Small-Caps Stocks: What Will It Take?
“A rotation into small-cap stocks would likely hinge on two potential catalysts in the near term,” Eitelman said.
- First, he highlights the potential for an underperformance of the Magnificent 7: the tech giants that have dominated market returns in 2023.
“Lackluster earnings results from the Magnificent 7 in coming quarters could shake their valuation multiples back down to Earth and catalyze an unwind of concentrated investor positioning.” - The second catalyst Eitelman pointed to was a “soft landing” for the U.S. economy.
“A soft landing for the U.S. economy — where the Federal Reserve cuts rates methodically into resilient growth — would likely benefit small-cap stocks given their sensitivity to both interest rates and the business cycle.” This environment could help small-caps regain investor favor, especially if inflation moderates and labor markets remain resilient.
Read Also: EXCLUSIVE: Beyond The Magnificent Seven — Direxion’s Egilinsky Reveals Top Sector Picks
Eitelman Sees Acceleration In Earnings Growth For Small-Cap Stocks
Eitelman adds that accelerating earnings growth in the small-cap sector would further support this narrative, as would visible improvements in inflation and more dovish signals from the Federal Reserve.
“Evidence of accelerating small-cap earnings growth, moderating inflation, resilient labor markets and Fed rate cuts in the quarter ahead would support this view,” Eitelman said.
If these triggers materialize, small-cap stocks could finally see the rotation investors have been waiting for. The Russell 2000 Index serves as a widely used benchmark for tracking small-cap stock performance in the U.S. market. It follows the 2,000 smallest companies, offering insight into the small-cap sector.
Notable ETFs that track this index include the iShares Russell 2000 ETF (NYSE:IWM), Vanguard Russell 2000 ETF (NYSE:VTWO) and Avantis US Small Cap Equity ETF (NYSE:AVSC).
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Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you’re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders.
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“I didn’t have many dreams set in stone, but smoking a joint with Wiz was one of them,” tweeted Argentine superstar Duki after an unforgettable night at the Sauce Boyz Fest in Puerto Rico. For Duki, this festival wasn’t just another gig, it was the night one of his biggest dreams would finally come true. Sharing a joint with Wiz Khalifa, an icon of both cannabis and hip-hop culture, was something he had envisioned for years.
In an interview where he discussed the expansion of his cannabis brand, Khalifa Kush, into Germany, Wiz reminisced about his encounter with Duki in Puerto Rico. This meeting was the merging of two worlds through music and a shared love for cannabis.
Wiz Meets Duki: The Backstory
Wiz reflected on meeting Duki at the Sauce Boyz Fest, a celebration of Latin urban music led by Eladio Carrión. “I was in Puerto Rico for the festival,” Wiz shared exclusively with Benzinga Cannabis. “One of my assistants is really tapped into the Latin music scene. He got me linked with all these artists, producers, YouTubers, DJs—everyone.”
That night, with stars like Bizarrap, Young Miko and Tokischa also in attendance, Duki stood out. Known for his high-energy performances and sharp lyrics, Duki seized the chance to meet his idol. “When I was at the festival, Duki came by my dressing room,” Wiz recalled. “We hung out, smoked a bit, and vibed.”
Duki’s tweet on the encounter perfectly captured the magic of the moment: “No tenía muchos sueños, planteados realmente, pero si había uno, era fumarme Ezequiel con Wiz,” which translates to: “I didn’t have many dreams set in stone, but smoking a joint with Wiz was one of them.” The tweet struck a chord with fans, marking a high point for both artists that night.
Wiz’s Impressions Of Duki
Wiz was impressed by the control that artists like Duki have over the Latin music scene. “They had it on lockdown there,” Wiz said. “They took me out to eat, we hit up a club—it was great to see artists owning the scene like that. I respect that a lot.”
What started as a casual meet-up turned into a night filled with stimulating conversations, shared experiences, and, of course, smoking big joints. “Yeah, we smoked some big joints down there,” Wiz laughed. “In Puerto Rico, I felt like rolling my own. Usually, I stick to pre-rolls because I’m always on the move, but there, I had to roll some fat joints.”
Sauce Boyz Fest turned out to be the setting for an iconic moment between two artists from different corners of the world. Social media was flooded with images of Wiz and Duki together, captioned “Wake Up & Bake Up,” as fans celebrated the two icons.
Wiz’s Latin Connection
Wiz Khalifa’s connection to Latin America runs deep, stretching beyond music. His influence spans the cannabis industry, with his brand, Khalifa Kush, making waves worldwide. Reflecting on his ties to the region, Wiz expressed his appreciation for Latin American fans. “Brazil, for sure, is one of my favorite spots. The love for my music there is unreal. Puerto Rico is another place I need to get back to. And I’ll say the Dominican Republic.”
Even though cannabis regulations in Argentina are stricter than in countries like Uruguay, Wiz appreciates the dedication of his Argentine fans. “It’s not that y’all don’t have weed in Argentina—it’s just hard to get. But when you do, you really appreciate it,” he added with a knowing grin.
The encounter between Wiz Khalifa and Duki at Sauce Boyz Fest was a genuine connection formed through music and cannabis. For Duki, it was the culmination of a dream he’d nurtured for years. For Wiz, it was another authentic moment in his journey of building connections through shared passions. And for the fans, it was a night to remember—a symbol of unity between two worlds, brought together by the universal language of music and good vibes.
This article is part of Benzinga Cannabis’ series ‘Cultivator Chronicles,’ which focuses on the latest trends, developments, and major players in the cannabis cultivation industry. Stay tuned as we dig into the world of cannabis growers and their contributions to this rapidly expanding market.
In the competitive world of cannabis cultivation, growers constantly search for ways to improve yield and maintain quality. At OG Yields in Missouri, director of cultivation Robert Hoover has spent nearly two decades refining his approach to growing cannabis. Hoover’s methods, rooted in traditional and modern techniques, offer valuable insights into how cultivation can balance production efficiency with environmental responsibility.
Tailoring Technology to the Plant
Hoover’s team at OG Yields has embraced a hands-on approach to cultivation, incorporating advanced technology while respecting the natural growing conditions required by cannabis plants. “It all starts with the building design,” Hoover explained, highlighting the importance of how facilities are structured for optimal growth.
At OG Yields, they’ve set up eight different sections in a single room, allowing the environment to be tailored to each strain’s needs. This compartmentalization provides precise control over humidity, soil composition, and airflow, vital for producing high-quality cannabis, says Hoover.
Working with industry leaders in lighting and nutrients, Hoover has established partnerships that help streamline the growing process while ensuring plant consistency.
“Regardless of the specific type of nutrient or lighting system a grower chooses, it all comes down to having quality ingredients,” Hoover said. This focus on foundational elements highlights a practical approach that prioritizes results over flashy techniques.
Sustainability and Responsible Cultivation
Sustainability is a growing priority across the cannabis industry, and OG Yields is no exception. Their 40,000-square-foot facility features a glass roof that maximizes natural sunlight, reducing the need for artificial lighting.
“Our use of sunlight and LED lighting in the right amounts is a significant benefit for plant growth,” Hoover noted, adding that it not only boosts the cannabinoid and terpene profiles of the plants but also reduces their reliance on energy-heavy artificial lights. This setup reflects a commitment to minimizing the environmental impact of large-scale cannabis cultivation.
Sustainability goes beyond energy use at OG Yields. Hoover and his team are continually exploring ways to reduce their overall footprint while maintaining high standards for product quality. “There are always more opportunities for companies to cut down their carbon footprint,” Hoover said. This focus on the long-term environmental impact of their operations is a core part of their cultivation strategy.
Adapting to Market Demand
As consumer preferences shift, Hoover is quick to adapt. One trend he has observed is the diminishing demand for ultra-high-THC products as more consumers become educated on the benefits of terpenes and the overall cannabis experience. “We’re seeing that demand for ultra-high-THC products is tapering off,” Hoover explained. By paying attention to market feedback and observing local and nationwide trends, OG Yields can stay ahead of consumer preferences.
To keep pace with these changes, Hoover maintains an extensive seed bank and stock of mother plants, allowing for flexibility in production. This adaptability ensures that OG Yields can meet current and future demand while providing high-quality cannabis to the Missouri market.
Maximizing Yield Through Innovation and Sustainability
OG Yields continues to push boundaries in cannabis cultivation by integrating sustainable practices and staying ahead of market demands. Robert Hoover’s extensive experience, combined with the company’s dedication to refining its methods, highlights a path forward for efficient and responsible cultivation in an ever-evolving industry.
By utilizing advanced technology while maintaining a solid foundation in traditional growing techniques, OG Yields exemplifies how quality and sustainability can go hand in hand in today’s cannabis market.
Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you’re serious about the business, you can’t afford to miss out.
Photo: Courtesy of 24K-Production via Shustterstock
Electric vehicle (EV) sales continue to rise globally, but the limited infrastructure may slow further expansion, according to Stephanie Link, chief investment strategist at Hightower Advisors. Speaking at the Benzinga AutoRevolution: The Future of Mobility and EVs event, Link stressed that improving the U.S. power grid is crucial to supporting the ongoing growth in the EV market.
Link noted that “Global electric car sales are up 35% year over year,” underlining the growing adoption of EVs. However, she pointed out that the infrastructure needed to sustain this growth lags. “We need the grid to be more modernized,” she said, adding that much of the spending has focused on maintaining the existing grid, with limited investment in upgrades.
Infrastructure and Affordability Challenges
Link explained that while demand for electric vehicles is increasing, many consumers encounter difficulties due to the lack of charging stations and aging energy systems. “We haven’t spent a lot of money on it—in incremental new money,” she emphasized, highlighting the need for significant investments to bring the grid up to date.
Moreover, Link acknowledged the issue of affordability. “The problem is only five of the [new EV models in 2024] are below fifty thousand dollars, and none of them are below thirty thousand dollars,” she said, indicating that price points remain a barrier for many potential buyers.
Companies Working to Modernize the Grid
To address these challenges, Link pointed to companies focused on updating the nation’s power infrastructure, such as Quanta Services and Eaton. These firms are taking on projects to help improve the capacity needed for EV charging and other electrification efforts. “I just think that the numbers that I’m seeing from these really established companies are just beginning,” she explained, referring to Eaton’s increasing workload related to grid modernization.
Link also touched on how industries beyond the auto market, such as data centers, depend on grid improvements to meet future power demands. “We are going to spend four trillion dollars between now and twenty-fifty on this electrification, this whole new energy transition,” she said, highlighting the scale of investment required.
Long-Term View for Investors
Though the EV market offers strong potential, Link advised that investors must think long-term. “I think you have to have a long time horizon if you’re going to invest in this theme,” she said, emphasizing the gradual pace of necessary infrastructure improvements. Link offers a clear takeaway: while electric vehicles are set for continued growth, the U.S. must prioritize modernizing its power grid to support the rising number of EVs and future electrification needs.
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Image: Shutterstock
Donald Trump and Kamala Harris will meet face-to-face for the first time in a televised presidential debate Tuesday — less than two months before the 2024 presidential election.
Here’s a look at where Benzinga readers stand on the highly anticipated television event.
Watching The Debate: Benzinga recently asked readers if they intend to watch the debate, which kicks off at 9 p.m. ET.
Benzinga asked: “Will you be watching the presidential debate between Donald Trump and Kamala Harris on Tuesday?”
In the poll:
- 66% said they plan on watching the debate
- 34% said they don’t plan to watch.
Benzinga also asked: “Would you consider changing your vote based on what you hear during the debate?”
- 70% of readers said they would not consider changing their vote based on the debate
- 30% said they would at least consider changing their vote with less than two months to go until the election.
Observers expect the debate to cover a wide range of topics. Benzinga polled readers to see which topic they were most interested in hearing about from Trump and Harris. Here are the results:
- Economy and Jobs: 45%
- Immigration: 24%
- National Security: 15%
- Healthcare: 10%
- Cryptocurrency: 6%
It’s not a huge surprise to see the economy, immigration and national security top the list. Each topic typically ranks among the most talked about topics by voters in election polls.
The first debate did not mention cryptocurrency. Trump changed his opinion on Bitcoin (CRYPTO: BTC) and has been working to appeal to pro-crypto voters in recent months.
Harris’ Super PAC accepts crypto donations, but sector enthusiasts criticized the candidate for not listing it among the policies on her website.
Did You Know?
- Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool
Why It’s Important: The debate could prove crucial for undecided voters, whereas those leaning or belonging to one political party have likely already decided who to support before the election.
The first 2024 presidential debate, which featured President Joe Biden and Trump, proved to be a pivotal event in the election as it may have led directly to the current president withdrawing from the race.
Potential voters could tune in to see how the two candidates differ on key topics and also to hear more about Harris’ platform, which has been the subject of debate. Some voters think Harris hasn’t done enough to share her policy with minimal interviews and public speeches since being named the Democratic Party candidate.
Harris may face scrutiny over shifting positions on key issues. Trump is likely to be questioned about his alleged ties to Project 2025 and his felony convictions from earlier this year.
Tuesday’s debate could serve as the only debate for the two candidates. There are currently no additional debates scheduled ahead of the 2024 election for Harris and Trump.
ABC News, which is a unit of The Walt Disney Company (NYSE:DIS), will host the debate and allow simulcasting to other media networks. It will be 90 minutes in length with two commercial breaks.
Viewership for Tuesday’s debate is expected to be high. The first 2024 presidential debate between Trump and Biden set several records for CNN and was watched by 48 million viewers.
Since Trump and Biden had already faced off in previous debates, viewers may have been less interested in the first debate, which had lower viewership than the first debates of 2020 and 2016.
A record 84 million viewers tuned in for the 2016 first presidential debate between Trump and Hillary Clinton.
Check This Out:
- Lawmakers Made Huge Investments This Year. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool
Benzinga conducted the study from Sept. 9 through Sept. 10, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 133 adults.
Image: Shutterstock
Virtual horse racing game Photo Finish has announced the Solana Derby and interactive experience at Solana Breakpoint, adding to the growth for the company led by Madden and other gaming veterans.
Solana Derby: Based on the Solana (CRYPTO: SOL) blockchain, Photo Finish is a virtual horse racing game that combines play-to-earn elements uniting sports fans and Web3 enthusiasts opportunities to both play and earn through racing, breeding and staking.
The game, which is developed by Third Time Entertainment, will host the inaugural Solana Derby on Sept. 21. The event will be held live at Solana Breakpoint in Singapore.
Competing in the inaugural Solana Derby will be sixteen horses owned by some of Solana’s most iconic figures. The list includes Solana co-founder Raj Gokal and Anatoly Yakovenko, the CEO of Helius, the founder of Bonk (CRYPTO: BONK) along with Solana influencers like Brycent, AshleyDCan and SolJakey
“We couldn’t be more excited to bring the Solana Derby to life at Breakpoint this year,” Third Time Games CEO and founder Ian Cummings said. “There is no better place to showcase the exciting announcements around Photo Finish Live than at the biggest Solana conference of all time.”
Cummings said Yakovenko and Gokal have been vital to the success story of Photo Finish.
Participants in the Solana Derby are eligible to win prizes, including a bottle of limited-edition champagne. The winner will also receive a trophy from Photo Finish Live.
Interactive Experience: Along with the inaugural Solana Derby, Photo Finish has also unveiled a new interactive experience that the company hopes will become a reality.
A prototype of off-track betting will be highlighted via an interactive experience at Solana Breakpoint. Attendees can touch the 55-inch touchscreen screen and select a horse they think will win a race and receive a non-fungible token (NFT) of that horse.
The game plans to offer sports bars and venues the opportunity to place off-track wagers with interactive touchscreen stations or through a continuous live stream via a ROKU app that has been developed and is currently in beta testing.
“The Solana Derby is more than just a race; it’s the beginning of a new chapter in how we envision the future of spectating and betting on sports,” Cummings added.
Cummings said that the interactive experience at Breakpoint could showcase the potential of what Third Time Games and Photo Finish are creating.
“We’re demonstrating the incredible potential of what we’re building while at the same time following the model of real horse racing and the popularity of off-track betting sites located around the world, all powered by the speed and security of the Solana network.”
Why It’s Important: Photo Finish Live is the only official gaming partner of the Kentucky Derby and is one of the leading real-money virtual horse racing games globally.
The game allows players the ability to own, race, breed, buy and sell virtual horses while competing for real monetary rewards. Since launching in 2023, players have spent over $30 million on Photo Finish race entry fees and over $25 million on Photo Finish virtual horses.
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Photo courtesy of Photo Finish.
As global interest rates fluctuate and currency values shift, Sigma Lithium prepares for future growth while staying committed to environmentally sustainable lithium production.
The company, which will participate in the upcoming Benzinga Small-Cap Conference, is focused on leveraging these economic changes to maintain its leadership in the electric vehicle (EV) battery supply chain. In a recent interview with Benzinga, Sigma Lithium’s executive vice president, Matthew Deyoe, shared insights into how these economic factors influence the company’s business strategy.
Interest Rate Cuts: A Potential Tailwind for Growth
With potential interest rate cuts on the horizon, Sigma Lithium sees an opportunity to reduce borrowing costs and support its growth initiatives. “Global interest rates have an impact on our cost of capital and the cost at which we will fund our growth projects,” Deyoe explained. The company has existing debt structures with floating rates, meaning falling interest rates could provide a financial advantage. “As/should interest rates fall, it can be a tailwind to our interest cost,” he added.
Sigma Lithium’s growth plans are anchored in its ongoing production of sustainable lithium from the Grota do Cirilo Project in Brazil. As the company looks to future phases of the project, lower borrowing costs could support its long-term goals of increasing production capacity and reinforcing its role in the EV battery supply chain.
Currency Fluctuations and the Dollar’s Impact
Deyoe also discussed how the value of the U.S. dollar could affect Sigma Lithium’s operations, particularly concerning its costs in Brazil. “Much of our cost basis is in Brazilian reals, though we sell a globally traded commodity that is priced in USD,” he noted. A stronger dollar is generally helpful for the company’s financial performance. “Theoretically, a stronger dollar is helpful for our business accordingly, though ultimately it is the spread to the Brazilian currency that matters most,” Deyoe explained.
Sigma Lithium at the Benzinga Small-Cap Conference
Sigma Lithium will participate in the upcoming Benzinga Small-Cap Conference, an event designed to connect small-cap companies with investors. The company’s participation comes at a crucial time as it continues to advance its sustainable lithium production efforts. With the electric vehicle market driving demand for lithium, Sigma is poised to discuss its future growth, financial performance, and commitment to environmental sustainability at the event.
As Sigma Lithium navigates economic shifts and growing global demand for lithium, the company remains focused on sustainability and efficiency. The Benzinga Small-Cap Conference will be a platform for industry leaders like Sigma to showcase their strategies and future outlooks.
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