Option chain shows key data for African Agriculture Hldgs's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for African Agriculture Hldgs.

African Agriculture Hldgs (OTC:AAGR) Stock, Option Chain

African Agriculture Hldgs

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.

Stocks Photo by Jirapong Manustrong on Shutterstock

Long Ideas

News

Pre-Market Outlook

Markets

Trading Ideas

AAGR

ELAB

MLEC

Top 4 Risk Off Stocks You&#39;ll Regret Missing In July

movers image

Intraday Update

Movers

ADTN

ALUR

APLD

AREB

ASAN

BNAI

CABA

CDMO

CIFR

CLOV

CRKN

DMTK

GOSS

IPDN

KAVL

KRKR

MBIO

MINM

MOLN

ORGS

Qualigen Therapeutics, Inc. - Common Stock

QLGN

RELI

SHCR

SMTK

SPEC

SRPT

SWBI

TPHS

TREX

WAVE

ZCAR

Why Kaival Brands Innovations Shares Are Trading Lower By 47%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Penny Stocks

Merrill Lynch & Strategic Return Notes for Select 10 Index

WBUY

The most oversold stocks in the consumer staples presents an opportunity to buy into undervalued companies.

Top 3 Risk Off Stocks That Are Set To Fly In Q1

AFRICAN AGRI HLDGS INC by African Agriculture Holdings Inc.

African Agriculture Holdings Inc

African Agriculture Holdings Inc Warrants (06/12/2028)

ASTRA AGRO LESTR UNSP/ADR by Astra Agro Lestari TBK

PT Astra Agro Lestari Tbk

In 2014, during an interview with Charlie Rose at the TED Conference, Google cofounder Larry Page made headlines with an unusual revelation. Page didn't point to traditional charitable foundations or heirs when asked about his thoughts on legacy and philanthropy. Instead, he floated the idea of leaving his wealth to <a href="https://www.benzinga.com/real-estate/24/05/38942636/elon-musk-reportedly-bought-a-secret-mansion-shortly-after-selling-all-his-possessions-and-publicly">Elon Musk</a>, the tech visionary behind Tesla and SpaceX.
Page's reasoning? Musk's <a href="https://www.benzinga.com/personal-finance/24/09/40778284/elon-musk-says-almost-anyone-can-afford-a-trip-to-mars-at-100-000-to-500-000-even-if-it-means-se">bold mission to colonize Mars</a> and "back up humanity." In the interview, Rose referenced past comments Page had made about this idea, asking for clarification.&nbsp;
Don't Miss:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
</ul>
According to the transcript on the Charlie Rose site, Rose said: "You once said – actually, I think I've got this about right – that you might consider, rather than giving your money to a cause, simply giving it to Elon Musk because you had confidence he would change the future."
Larry Page replied: "He actually wanted to go to Mars – he wants to go to Mars to back up humanity." He elaborated, "It's a company and it's philanthropical. So I think, you know, we aim to do kind of similar things."
Page then shifted focus to Google's culture of innovation, adding, "We have a lot of employees at Google who've become pretty wealthy … A lot of people in there are pretty wealthy. You're working because you want to change the world and you want to make it better. So why isn't the company they work for worthy not just of your time, but your money as well?"
For Page, Musk's ambitious goals aligned with his belief that companies, when run effectively, could drive revolutionary change. He elaborated, saying, "Lots of companies don't succeed over time. They usually miss the future … I try to focus on that: What is the future really going to be? And how do we create it?"
See Also: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.26/share</a>
Page and Musk once shared a close friendship. Musk frequently <a href="https://www.benzinga.com/personal-finance/24/03/37923084/elon-musk-used-to-email-ex-google-ceo-larry-page-when-he-was-kind-of-homeless-and-ask-can-i-come">stayed at Page's house</a> during visits to Silicon Valley and their shared passion for pushing technological boundaries made them natural allies. Their camaraderie landed them on Fortune's 2016 list of "Business Leaders You Didn't Know Were BFFs."&nbsp;
Musk even <a href="https://www.benzinga.com/general/24/02/36953481/elon-musk-almost-sold-tesla-to-google-for-11-billion-but-he-called-the-deal-off-when-he-no-longer-ne">attempted to sell Tesla to Google</a> for $11 billion, according to Ashlee Vance&#8217;s biography, &#8220;Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future.&#8221; The two friends actually both agreed to the deal via handshake, but called it off once Tesla "no longer needed a savior."
However, their relationship reportedly soured around 2013. Musk's growing concerns about the dangers of artificial intelligence clashed with Page's more optimistic outlook. At Musk's birthday party that year, the two had a heated debate about AI. Page allegedly called Musk a "speciesist" for prioritizing human interests over other forms of intelligence.
Trending: This rooftop wind turbine is taking on a market projected to reach over $900 billion by 2032 —<a href="https://www.benzinga.com/money/halcium"> With already over 40,000 users signing up to purchase, here's a chance to be an early investor today!</a>
The tension grew after Musk cofounded OpenAI, a nonprofit <a href="https://www.benzinga.com/general/24/04/38073344/mark-cuban-predicts-worlds-first-trillionaire-wont-be-musk-or-bezos-itll-be-someone-who-masters-ai-a">ensuring AI safety</a>, which was seen as a direct challenge to Google, which had acquired DeepMind, a leading AI company. Musk even tried to dissuade DeepMind's CEO from selling to Google, further straining their relationship.
But despite their falling out, Musk has recently desired to mend fences. In a 2023 podcast with Lex Fridman, Musk said, "I would like to be friends again with Larry. I haven't seen him in ages. We were friends for a very long time." However, he acknowledged that Page might not feel the same, noting, "He doesn't want to talk to me anymore."
Larry Page's 2014 remarks about leaving his fortune to Elon Musk reflect his belief that revolutionary change outweighs incremental progress. While the future of their friendship remains uncertain, both Page and Musk continue to be key players in shaping the future of technology – and maybe even humanity.
Read Next:
<ul>
<li>Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">You can still get 4,000 of its pre-IPO shares for with $1,000 for just $0.26/share</a></li>
</ul>

Larry Page, Google Co-Founder, Said He'd Leave His Fortune To Elon Musk Over Charity Because Of His Plans 'To Go To Mars To Back Up Humanity'

Georgia election workers Ruby Freeman and Wandrea &#8220;Shaye&#8221; Moss have filed a motion in federal court demanding that Rudy Giuliani be held in civil contempt for <a target="_blank" href="https://www.benzinga.com/news/24/08/40666864/rudy-giulianis-legal-troubles-deepen-former-georgia-election-workers-seek-to-seize-assets" rel="noreferrer noopener">continuing to spread false claims about them</a>.
This request, submitted Wednesday, stems from Giuliani&#8217;s ongoing defamation despite a prior injunction forbidding him from making such statements, Forbes <a target="_blank" href="https://www.forbes.com/sites/alisondurkee/2024/11/20/georgia-election-workers-want-giuliani-sanctioned-for-defaming-them-again/" rel="noreferrer noopener">reports</a>.
A federal judge has ordered Giuliani to respond by December 2, with a hearing set for December 12.
On Thursday, Rudy Giuliani challenged the judge&#8217;s ruling from last month, which required him to hand over most of his assets to the two Georgia election workers, per a news <a href="https://thehill.com/video/giuliani-appeals-decision-ordering-him-to-turn-over-assets-to-election-workers/10242068/" target="_blank" rel="noreferrer noopener">report</a> by The Hill.
In May, Giuliani agreed to stop making false allegations related to the <a target="_blank" href="https://www.benzinga.com/personal-finance/24/08/40165381/rudy-giulianis-bankruptcy-case-was-tossed-out-he-owes-152-million-and-lawyer-says-hell-join-rank" rel="noreferrer noopener">2020 election and its results</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42152450/benzinga-bulls-and-bears-coinbase-microstrategy-nvidia-e-l-f-beauty-and-dogecoin-millionaire-predicts-2025-meme-kings" rel="noreferrer noopener">Benzinga Bulls And Bears: Coinbase, MicroStrategy, Nvidia, e.l.f. Beauty &#8211; And Dogecoin Millionaire Predicts 2025 Meme Kings</a>
Now, the election workers are seeking sanctions against Giuliani after he failed to honor the terms of this agreement, continuing to falsely accuse Freeman and Moss of wrongdoing, including baselessly claiming that they had &#8220;quadruple counted&#8221; ballots—a claim for which there is no evidence,
Giuliani allegedly doubled down on his false claims during his online show last week, defiantly shrugging off the threat of another lawsuit. He declared, &#8220;What am I going to do but tell the truth?&#8221; Forbes writes, quoting Giuliani.
These statements directly violate the court order he had previously agreed to.
As a result of Giuliani&#8217;s defamation, he was ordered to pay Freeman and Moss $148 million.
However, after declaring bankruptcy, he has been forced to begin turning over his assets to satisfy the judgment, including his car and New York City apartment.
Freeman and Moss are now asking the court to enforce penalties on Giuliani, potentially including further damages.
Giuliani&#8217;s spokesperson, Ted Goodman, has called the motion an attack on Giuliani&#8217;s First Amendment rights, insisting that he should be able to defend himself, Forbes adds.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/11/42147981/trumps-hush-money-sentencing-delayed-as-legal-immunity-debate-escalates" target="_blank" rel="noreferrer noopener">Trump&#8217;s Hush Money Sentencing Delayed As Legal Immunity Debate Escalates</a></li>
</ul>

Politics

Media

General

Georgia Election Workers Demand Giuliani Be Held In Civil Contempt

<a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a>, the Oracle of Omaha, is at it again. He's proved he knows how to spot a great opportunity when he sees one. In his latest move, Buffett&#8217;s Berkshire Hathaway invested heavily in two surprising yet strategic companies. What are they? None other than Domino&#8217;s Pizza and Pool Corp.
Don't Miss:
<ul>
<li><a href="https://www.benzinga.com/money/cd-valet-growth">CD Popularity Soars: Over 50 Million Americans Embrace Safe Savings with 5–10% Annual Growth</a></li>
<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
</ul>
According to a <a href="https://www.sec.gov/Archives/edgar/data/1067983/000095012324011775/xslForm13F_X02/primary_doc.xml">recent filing with the Securities and Exchange Commission</a>, reported by TheStreet, Berkshire snapped up 1.28 million shares of Domino&#8217;s, which were valued at $550 million as of the end of the third quarter. The holding company also bought over 400,000 shares of Pool Corp., the largest distributor of swimming pool equipment and supplies in the U.S.
Both companies&#8217; shares jumped on the news as investors followed Buffett&#8217;s lead. Domino&#8217;s stock has risen 8.5% year-to-date and 20% over the past year. Pool Corp., though down 9% year-to-date, has seen a modest 3.5% annual increase.
Buffett has long <a href="https://www.benzinga.com/startups/24/11/42011977/99-billion-bet-warren-buffett-invests-heavily-in-2-stocks-expected-to-jump-19-and-20-wall-street-analysts-predict">extolled the value of brands</a> as economic moats. That means they defend a company's market position from competitors. "A strong brand is potent stuff," Buffett famously said. Domino's and Pool Corp. both exemplify this.
See Also: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.26/share</a>
Domino&#8217;s has built an empire around its efficient delivery model and recognizable branding. It's the largest pizza chain in the U.S. for a reason. Despite missing revenue expectations in its third-quarter earnings, the company beat Wall Street&#8217;s forecasts for profitability and continues to show resilience. Analysts, such as those at Loop Capital, recently upgraded the stock. They see signs of accelerating same-store sales.
Pool Corp., on the other hand, benefits from its dominant market share in a niche yet essential industry. Even as discretionary spending on pool construction dips, the company continues seeing high demand for maintenance products, which drives its consistent revenues. Oppenheimer recently raised its price target for Pool Corp. after its quarterly earnings beat estimates.
"He doesn't invest – take a swing of the bat – unless the opportunity appears unbelievably good," Microsoft cofounder Bill Gates said of Buffett. These investments align perfectly with that approach. Domino&#8217;s and Pool Corp. demonstrate lasting appeal and consistent demand, which are key elements in Berkshire&#8217;s portfolio strategy.
The recent moves are classic Buffett, focusing on businesses with solid fundamentals and long-term growth potential. Whether it's pizza delivery or pool maintenance, Buffett has shown that even in the quirkiest corners of the market, there are &#8220;unbelievably good&#8221; opportunities.
Read Next:
<ul>
<li>This rooftop wind turbine is taking on a market projected to reach over $900 billion by 2032 —<a href="https://www.benzinga.com/money/halcium"> With already over 40,000 users signing up to purchase, here's a chance to be an early investor today!</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">You can still get 4,000 of its pre-IPO shares for with $1,000 for just $0.26/share</a></li>
</ul>

Why Warren Buffett Bought A $550 Million Stake In 'Unbelievably Good' Opportunities Domino's And Pool Corp

Investor and author Robert Kiyosaki has criticized the U.S. Federal Reserve and commended Michael Saylor, co-founder and executive chairman of MicroStrategy Inc. for his aggressive <a href="https://www.benzinga.com/news/24/09/40869188/robert-kiyosaki-rings-alarm-bells-over-soaring-us-debt-the-dollar-is-trash">Bitcoin acquisition strategy</a>.
What Happened: Kiyosaki, known for his pro-cryptocurrency stance, took to social media X to voice his skepticism about the Fed's policies and inflation management. 
He labeled the central bank&#8217;s decisions as detrimental to the economy and suggested that Saylor&#8217;s Bitcoin strategy offers a viable hedge against these issues.
"Michael Saylor's bold Bitcoin purchasing strategy is not just investment; it's a fight against the Fed's reckless policies," Kiyosaki wrote in the post. 
The author has long been an advocate for Bitcoin and other alternative assets, frequently advising followers to invest in assets like gold, silver, and cryptocurrencies to protect themselves from what he sees as the erosion of purchasing power.
Saylor's MicroStrategy is recognized as one of the largest institutional Bitcoin holders, having spent billions acquiring the cryptocurrency. Saylor maintains that Bitcoin is the ultimate store of value in a world grappling with rising inflation and economic uncertainty.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41869087/kiyosaki-aims-to-own-100-bitcoins-by-2025-i-wish-bitcoin-was-back-to-10-a-coin-but-wishing-has-never-made-poor-people-richer">Kiyosaki Aims To Own 100 Bitcoins By 2025: &#8216;I Wish Bitcoin Was Back To $10 A Coin, But Wishing Has Never Made Poor People Richer&#8217;</a>
In his post Kiyosaki also praised President-elect Donald Trump and his position on Bitcoin. Kiyosaki highlighted his work with Trump and shared his belief that Trump could become the first "Bitcoin President," a reflection of Trump's supportive attitude toward cryptocurrency.
<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">BIG MOUTH no BALLS: Why dooes a certain loudmouth who sells gold…criticize MICHAEL SAYLOR for using his company MICROSTRATEGY's treasury and credit to buy Billions in BITCOIN….Making himself, his company, and investors like me….RICHER….buying billions in BITCOIN. Would Mr.…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1860158537936113938?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He wrote, &#8220;Let's make America and the world richer again with Bitcoin.&#8221;
Kiyosaki continued to criticize fiat currencies, describing them as tools of government control. 
Why It Matters: His statements reflect a broader sentiment within the crypto community that views Bitcoin as a decentralized alternative to traditional financial systems.
The debate over Bitcoin as a safeguard against inflation has intensified as governments worldwide grapple with economic challenges. Both Kiyosaki and Saylor remain prominent figures in this discourse, influencing retail and institutional investors alike.
Read Next
<a href="https://www.benzinga.com/news/24/10/41305328/robert-kiyosaki-predicts-stock-market-crash-says-invest-in-gold-silver-and-bitcoin" target="_blank" rel="noreferrer noopener">Robert Kiyosaki Predicts Stock Market Crash, Says Invest In Gold, Silver, And Bitcoin</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

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

Cryptocurrency

Social Media

MSTR

Robert Kiyosaki: 'Trump Will Make America Richer Again By Being The First Bitcoin President'

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares jumped 47.99% after the company&#8217;s Investor Day event. Several analysts raised <a href="https://www.benzinga.com/quote/lmnd/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) shares escalated 46.96%.&nbsp;Needham analyst&nbsp;initiated coverage&nbsp;on Archer Aviation with a Buy rating and <a href="https://www.benzinga.com/quote/achr/analyst-ratings" target="_blank" rel="noreferrer noopener">a price target of&nbsp;$11</a>.</li>
<li>C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) stock zoomed 43.98% after the company announced a strategic alliance with Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;and expanded <a href="https://www.benzinga.com//node/42095812" target="_blank" rel="noreferrer noopener">its partnership&nbsp;with&nbsp;</a><a href="https://www.benzinga.com//node/42095812" target="_blank" rel="noreferrer noopener">Capgemini</a>.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) stock rocketed 40%. The stock may have gained in response to its acquisition target Atomic Alchemy which signed an MOU with Zeno Power to provide fuel for commercial radioisotope power systems.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) stock increased 36.24%.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) shares rose 35.70%.</li>
<li>Nebius Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIS#NASDAQ">NBIS</a>) shares were up 33.47% &nbsp;after the company announced an expansion to its AI infrastructure in the U.S. with the Kansas City GPU <a href="https://www.benzinga.com//node/42059918" target="_blank" rel="noreferrer noopener">cluster and three new offices</a>.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) stock surged 31.29%.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares jumped 31.11%. The company launched meal replacement bars and shakes to enhance <a href="https://www.benzinga.com//node/42118299" target="_blank" rel="noreferrer noopener">personalized weight loss plans</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/42154387/target-alibaba-and-temu-parent-pdd-are-among-top-10-large-cap-losers-last-week-nov-18-nov-22-are-the-others-in-your-portfolio">Target, Alibaba And Temu Parent PDD Are Among Top 10 Large-Cap Losers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/42154355/super-micro-computer-snowflake-and-microstrategy-are-among-top-10-large-cap-gainers-last-week-nov-18-nov-22-are-the-others-in-your-portfolio">Super Micro Computer, Snowflake And MicroStrategy Are Among Top 10 Large-Cap Gainers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?</a></li>
</ul>
Image via Walmart

Mid Cap

ACHR

Hims & Hers Health, Inc. Class A Common Stock

HIMS

LMND

MSFT

NBIS

OKLO

Applied Digital And Hims & Hers Health Are Among Top 9 Mid-Cap Gainers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?

The TON Society acts as the primary organization driving support for the TON community, dedicated to providing developers, builders, and enthusiasts with the resources and opportunities needed to foster collaboration and growth within the ecosystem.
At a recent event, TON announced several significant updates, including improvements to Telegram's applications and the launch of Society DAO, a governance initiative introduced by the TON Foundation.
Benzinga recently caught up with Jack Booth, co-founder of the TON Society, to discuss the organization's efforts to amplify community goals, initiatives like the Open League, Hackers League bootcamps, and more. Here's an excerpt of the conversation.
What makes Telegram uniquely effective for onboarding new users to crypto?
The massive user base, for one. And the ability to create a Telegram mini app for two. So, Telegram mini-apps open in one tab from a Telegram channel. And that provides a totally unique experience because you don&#8217;t need to download a new app.
You normally don&#8217;t need to go through a registration process even to get started. And that is like a 10x better experience than having to go through like, you know, before you&#8217;d start using a crypto application, go through KYC, fund the account, send money from your bank account. Normally most projects on TON are free to get started, free to start using. And so that means it&#8217;s very easy to understand and begin to learn about the crypto application.
How does TON Society support and amplify the TON community's goals?
We are responsible for community engagement. So, our main metric is reach on the community&#8217;s projects and activities as well as getting people to engage in what the ecosystem is up to. So as part of that, we run all of the community channels. So, we see ourselves as almost as an ecosystem journalist reporting on the main stories of the ecosystem as they happen and also running all of the events.
We also run Hackers League as well, which is a more developer-focused event series. We&#8217;re doing this concurrently, so it&#8217;s just a crazy amount of work that we&#8217;ve put into this event plus the boot camps, 20 boot camps we&#8217;ve run over six weeks, each of them three days long over a weekend.
So, starting mid-October until mid-November, we&#8217;ve got these 20 boot camps happening all over the world. And it&#8217;s all in a way of bringing the community together to connect, help them understand how to build their projects, help them get in touch with core members who can help them reach the right people, get the right funding, get access to the right resources. And so, we provide a very important role, I believe, in the ecosystem.
Could you share more about the Open League and how it incentivizes community engagement?
The Open League is a competition between projects where the Open League this season will actually pay airdrops to the users of the projects. And in that way, that pushes people to go, oh, you know what, I want to participate in the Open League. And because we make it a big structure that all projects in the TON ecosystem can plug into, now everyone in the TON community knows about it. They know how to get involved, and there&#8217;s incentives involved. So now we&#8217;re incentivizing people to not only just get involved in the projects, but also to share those projects, to post about them.
It&#8217;s like a flywheel effect of like, projects come in, then they go into the Open League, then they get users, then those users get paid, then those users bring other users in. And so, it&#8217;s like a nice kind of flywheel effect, bringing more people in. In a competitive way, where we&#8217;re not like specifically supporting particular tokens over other tokens. It&#8217;s all fair and transparent.
What is the purpose of The Hackers League bootcamps, and what impact have they had globally?
The purpose is to get people from pitch stage all the way to prize-winning and hopefully fully funded VC-funded startup. This year, we closed $2.1 million of committed capital from different VCs, Mexi Ventures, KUKON Ventures, Gate Ventures, Kinetic Capital, TON Ventures. So, the idea is really to provide a platform that can actually deliver on that promise. You come with a pitch, you meet a load of community members in your boot camp, you do your pitch at the end of the boot camp, and then you apply with that pitch to the hackathon, and then your application gets reviewed and provided to all of these VCs who can then say if you win or not.
So, it&#8217;s a really proven model, like we did in the summer. It was fantastic. We got 1,000 applicants to the hackathon. The Hackers League is like an offline element, which is the three-day boot camps, and then the online hackathon, which all of the applications feed into. So, the one in the summer was 14 of those people from the boot camp actually became winners of the hackathon.
And now they are building projects on TON today.
Are there particular regions or demographics TON Society is focusing on to drive adoption?
Yes, the super app regions. So anywhere where there&#8217;s already an existing super app, we found to be very receptive to the vision of TON. Because they already use super apps.
They have super apps in their lives. There are also a lot of developers that are already building super app applications that are familiar with that type of experience of building within another app. And so, it just makes sense to focus there, where those people have already developed use cases and use, use cases that are valuable for them. So yeah, those are the places. Southeast Asia, CIS, Eastern Europe.
What key metrics or milestones does TON Society use to assess the success of initiatives like The Open League and Hackers League?
Well, there&#8217;s a big variation in different things. Like Open League is based on users, like acquiring new users into TON blockchains and activate wallets. Hackers League is based on applicants to the hackathon.
Generally, TON society is responsible for reach for all of the ecosystem. So, we want to provide different platforms that all the projects can plug into. They get them reach, get them discovered, get people seeing them.
Are there any upcoming programs or initiatives TON Society is planning to support TON's growth?
Yes, there is the TON Teleport launch. So, TON Teleport is a decentralized Bitcoin bridge. It uses the validators of TON network to actually secure the third-party keys.
And so, no one has access to the keys. And it&#8217;s a very secure bridge, extremely secure bridge to take Bitcoin over to TON and mint a wrapped asset called, we&#8217;re calling TG Bitcoin, Bitcoin in Telegram. There&#8217;s going to be a big testing period and then we&#8217;ll launch sometime in Q1. So, with Society DAO, we want to build a way where the community can debate on whatever&#8217;s going on within the ecosystem.
And that would look like a platform that people can come, share their opinion, achieve consensus of community opinion. And when you achieve consensus of community opinion, that can be used to create proposals, on-chain blockchain proposals. In governance generally, there&#8217;s a lot of things that happens before you actually get to a Bill passed, right? A lot of debate in parliaments and Congress and all those types of stuff. In order to actually get to a Bill, it&#8217;s gone through 26 different steps in the case of the UK government. So, we don&#8217;t actually have that in blockchain in general because the debates are so mixed up. There&#8217;s no signal or the noise of what exactly is the community opinion. And so, we want to build a platform that allows us to find consensus in community opinion. And that&#8217;s what we&#8217;re working on.

Interview

We Want To Build Platform That Allows Us To Find Consensus In Community Opinion, Says TON's Jack Booth

As your clients inevitably ask about portfolio positioning for Trump&#8217;s second term, new insights from the Charles Schwab Impact 2024 conference offer crucial talking points for managing expectations and avoiding common investment pitfalls, <a href="https://www.investmentnews.com/rias/expecting-small-cap-or-energy-boom-from-trump-dont-be-so-sure/258316">InvestmentNews reports</a>.
&#8220;Be really careful about extrapolation around election narratives,&#8221; warns Liz Ann Sonders, Schwab&#8217;s chief investment strategist, providing advisors with a powerful historical example: While many professionals confidently steered clients toward energy stocks during Trump&#8217;s first term, expecting sector-wide gains, energy actually plummeted over 40%, significantly underperforming all other sectors.
For advisors fielding questions about small-cap allocations—particularly given recent market enthusiasm—Sonders recommends a more nuanced client discussion. Rather than broad small-cap exposure, consider explaining to clients the stark reality that approximately 40% of Russell 2000 companies are unprofitable. Instead, suggest more selective approaches, such as funds tracking the S&amp;P SmallCap 600 Index, which applies stricter quality criteria.
When discussing Trump&#8217;s proposed policies with clients, Schwab&#8217;s chief global investment strategist Jeff Kleintop suggests framing the proposed 26% tariff rate as a negotiating position rather than a certainty. However, advisors should prepare clients for potential inflationary impacts if significant tariffs are implemented.
Fixed income discussions require particular attention, according to Kathy Jones, Schwab&#8217;s chief fixed income strategist. Consider warning clients that proposed immigration policies could reduce the labor force by 8% or more, potentially driving up labor costs and inflation. This may lead to higher-than-expected terminal rates—possibly 3.5% to 4% rather than the previously anticipated 2.75%.
Bottom line for advisors: Help clients avoid making investment decisions based on political headlines. Instead, focus client conversations on fundamental economic factors, detailed market analysis, and their long-term financial plans. Remember that during Trump&#8217;s first term, it was broader economic conditions, not policy predictions, that ultimately drove market performance.
Consider scheduling portfolio reviews with clients now to address these concerns proactively and adjust strategies as needed.

Financial Advisors

Why Trump-Era Investment Planning Will Be Different Than Expected

These large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol start="1">
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) tumbled 17.83% after the company reported the third-quarter earnings miss, and analysts slashed the <a href="https://www.benzinga.com/node/42117500" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Temu parent PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) plummeted 12.22% after the company reported <a href="https://www.benzinga.com/node/42111158" target="_blank" rel="noreferrer noopener">worse-than-expected financial results</a>. Analysts cut <a href="https://www.benzinga.com/quote/pdd/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>ZTO Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) stock fell 8.50% after the company reported third-quarter results and cut its FY24 <a href="https://www.benzinga.com/node/42076268" target="_blank" rel="noreferrer noopener">guidance for parcel volume</a>.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) stock dipped 7.54% after Raymond James downgraded the stock <a href="https://www.benzinga.com/quote/thc/analyst-ratings" target="_blank" rel="noreferrer noopener">from Strong Buy to Outperform</a>.</li>
<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) fell 7.34% after Berkshire Hathaway <a href="https://www.benzinga.com/node/42013172">cut its position</a> in the stock.</li>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) declined 6.94% after the company <a href="https://www.benzinga.com/node/42123997" target="_blank" rel="noreferrer noopener">reported second-quarter results</a>. Several analysts revised <a href="https://www.benzinga.com/quote/intu/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecasts on the stock</a>.</li>
<li>Nokia Corporation NYSE: NOK) stock decreased 6.28%. The company secured a multi-year, multi-billion USD contract extension <a href="https://www.benzinga.com/node/42089876" target="_blank" rel="noreferrer noopener">with </a><a href="https://www.benzinga.com/node/42089876" target="_blank" rel="noreferrer noopener">Bharti Airtel</a><a href="https://www.benzinga.com/node/42089876" target="_blank" rel="noreferrer noopener"> in India</a>.</li>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares were down 6.16%. The company plans to issue U.S. dollars and Chinese yuan bonds to raise capital, repay existing debt, and support <a href="https://www.benzinga.com/node/42032495" target="_blank" rel="noreferrer noopener">an ongoing stock buyback initiative</a>.</li>
<li>Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>) stock dipped 5.60%.</li>
<li>Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) stock declined 5.47% after the company announced that data from its Phase 2 study evaluating MRGPRX4 (INCB000547) in cholestatic does not <a href="https://www.benzinga.com/node/42070590" target="_blank" rel="noreferrer noopener">support further development</a>.</li>
</ol>
Photo via Shutterstock

Large Cap

BABA

INCY

INTU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

ULTA

Target, Alibaba And Temu Parent PDD Are Among Top 10 Large-Cap Losers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol start="1">
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares rocketed 78.42%. The company announced it submitted a<a href="https://www.benzinga.com/node/42111748" target="_blank" rel="noreferrer noopener"> compliance plan to Nasdaq</a>.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) stock jumped 32.93% after the company reported better-than-expected financial results for the third quarter and raised guidance. Several analysts raised price <a href="https://www.benzinga.com/node/42117057" target="_blank" rel="noreferrer noopener">targets following the print</a>.</li>
<li>Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) stock escalated 31.63%  after the company reported better-than-expected third-quarter 2024 results, announced a new $1 billion buyback <a href="https://www.benzinga.com/node/42091624" target="_blank" rel="noreferrer noopener">program, and raised its outlook</a>. Analysts boosted <a href="https://www.benzinga.com/quote/wsm/analyst-ratings" target="_blank" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) stock zoomed 31.52% after the company reported <a href="https://www.benzinga.com/node/42072077" target="_blank" rel="noreferrer noopener">better-than-expected financial results</a>.</li>
<li>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) stock rose 27.21%.</li>
<li>Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) stock rose 25.71% after <a href="https://www.benzinga.com/node/42065028" target="_blank" rel="noreferrer noopener">reporting third-quarter results</a>. Multiple analysts raised <a href="https://www.benzinga.com/quote/as/analyst-ratings" target="_blank" rel="noreferrer noopener">their respective price targets</a>.</li>
<li>Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) shares upped 25.15% after the company reported second-quarter financial results and issued FY25<a href="https://www.benzinga.com/node/42123410" target="_blank" rel="noreferrer noopener"> guidance above estimates</a>. Several analysts boosted the price <a href="https://www.benzinga.com/quote/estc/analyst-ratings" target="_blank" rel="noreferrer noopener">target on the stock</a>.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares escalated 23.85%  after the company announced it completed its previously announced offering of its 0% <a href="https://www.benzinga.com/node/42138209" target="_blank" rel="noreferrer noopener">convertible senior notes due 2029</a>. </li>
<li>YPF Sociedad Anonima (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) shares increased 23.59%, probably on continued strength after the nation received a credit upgrade from Fitch over the weekend.</li>
<li>Datadog, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) stock gained 23.59% last week in sympathy with Snowflake, which reported better-than-expected <a href="https://www.benzinga.com/node/42117057">third-quarter results</a>.</li>
</ol>
Photo by JOCA_PH on Shutterstock

DDOG

ESTC

SMCI

SNOW

Super Micro Computer, Snowflake And MicroStrategy Are Among Top 10 Large-Cap Gainers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?

The housing market continues its downturn as mortgage applications hit their lowest levels in three decades, according to data issued by the Mortgage Bankers Association (MBA).
Nick Gerli, CEO of Reventure Consulting, pointed to the reality on X, formerly Twitter, noting that current mortgage demand has fallen about 50% compared to pre-pandemic levels in 2019. For sellers, the latest figures are a bad sign as they head into winter, with purchase applications down 49.7% from 2019 levels and 55.2% below 2020 numbers.
Don't Miss:
<ul>
<li>This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a></li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a></li>
</ul>
The downturn continues despite favorable conditions that typically boost market activity. Despite<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41820253/fed-cuts-interest-rates-to-lowest-since-february-2023-sticks-to-data-driven-path"> two Federal Reserve rate cuts – </a>one in September and another in early November – and the election&#8217;s conclusion, buyers remain hesitant to enter the market.
Behind the reluctance is historically poor homebuyer sentiment. The University of Michigan Sentiment Survey data showed that most Americans "believe that high interest rates are weighing down homebuying conditions."&nbsp;
According to Gerli, the core issue centers on housing prices. Current home valuations have reached unsustainable levels relative to inflation and income, exceeding the 2006 housing bubble peaks when adjusted for inflation. The disconnect between perceived value and listing prices drives potential buyers away.
&#8220;So buyers look for a home they think should be $350,000. And it costs $500,000,&#8221; Gerli said. &#8220;And they immediately give up. Because they know the home isn&#8217;t worth that amount.&#8221;
See Also: Invest in $20+ trillion home equity market today across cities like Austin, Miami, and Los Angeles through a <a href="https://www.benzinga.com/money/nada-cityfunds">unique 5-year term fund targeting a 14-20% IRR with minimums as low as $2,500</a>
Recent MBA data supports Gerli's assessment. While overall mortgage application volume showed a minimal 0.5% increase last week – the first rise in seven weeks – the average 30-year fixed-rate mortgage climbed to 6.86%, up from 6.81%. Refinancing applications dropped 2% to their lowest point since May despite being 43% higher than the previous year.
Joel Kan, MBA&#8217;s deputy chief economist, notes some bright spots in specific market segments. Applications for FHA and VA loans showed respective increases of 3% and 9%, with FHA rates notably declining against the broader trend.
The regional nature of the housing market <a href="https://www.benzinga.com/real-estate/24/10/41541572/purely-supply-demand-imbalance-5-u-s-cities-with-homes-still-under-300k">means some areas may fare better than others</a>. Gerli noted the variations in price forecasts for 2025, particularly between markets like Florida and New York.
For sellers hoping to move properties this winter, the message appears clear – price adjustments may be necessary to attract buyers in the current market environment. Market dynamics suggest a shift in buyer behavior outside of typical seasonal slowdowns, pointing to deeper structural challenges in the housing market that might require price corrections to resolve.
Read Next:
<ul>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>

Real Estate

Home Sellers, 'Start Cutting Prices Or It's Going To Be A Long Winter,' Says Reventure CEO

Top executives from the U.S. telecom industry and national security officials gathered at the White House to address concerns over a Chinese cyber-espionage campaign targeting high-ranking U.S. political figures.
What Happened: Chinese hackers managed to breach&nbsp;major U.S. telecom providers to&nbsp;spy on phone calls and&nbsp;text messages. The meeting was an opportunity for telecom executives to propose ways the government could bolster its defenses against such advanced cyber-attacks, the White House stated.
According to the report <a href="https://edition.cnn.com/2024/11/23/politics/chinese-cyber-espionage-telecom-execs/index.html">by</a> CNN, the cyber-attack is seen as one of the most significant challenges to cyber and national security for the upcoming Donald Trump administration. A classified briefing for all senators has been scheduled for December 4, after Congress reconvenes from its recess next month.
&#8220;This is by far the worst telecom hack in our nation&#8217;s history,&#8221; Sen. Mark Warner (D-Va.), who chairs the Senate Intelligence Committee, told the outlet. The full scope of the hack, its implications, and the individuals affected are still being investigated.
According to Warner, the FBI has notified fewer than 150 victims, most in the Washington area. But all of those victims have likely called or sent texts to numerous people, meaning the number of records accessed by the hackers is likely far greater. The hackers could listen to the calls of specific targets for certain periods of time, said Warner.
Also Read: <a href="https://www.benzinga.com/news/24/05/38909612/possible-espionage-threat-us-officials-warn-of-chinese-interference-with-undersea-internet-cables-in">Possible Espionage Threat? US Officials Warn Of Chinese Interference With Undersea Internet Cables In Pacific</a>
US broadband and internet providers&nbsp;AT&amp;T&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>),&nbsp;Verizon&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and&nbsp;Lumen&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) have all been victims of this hacking campaign. The hackers also targeted&nbsp;phone communications of senior figures&nbsp;from&nbsp;both the Republican and Democratic&nbsp;parties.
China has refuted the hacking allegations. However, U.S. officials continue to express concern about China&#8217;s hacking program, which, according to FBI Director Christopher Wray, is larger&nbsp;than those of all other&nbsp;major countries combined.
Why It Matters: This incident underscores the growing threat of cyber-espionage and the need for robust cybersecurity measures. 
The implications of such attacks are far-reaching, affecting not just the telecom industry but also the political landscape. 
As the investigation continues, it remains crucial for the US to strengthen its defenses against such sophisticated cyber-attacks.
Read Next
<a href="https://www.benzinga.com/news/24/07/39956964/us-warns-tech-startups-of-espionage-threats-from-china-and-others-adversaries-via-foreign-investment">US Warns Tech Startups Of Espionage Threats From China And Others Adversaries Via Foreign Investments: &#8216;Can Directly Lead To The Failure Of These Companies&#8217;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

LUMN

US Confronts Chinese Cyber-Espionage Threat: 'Worst Telecom Hack In Our Nation's History'

The past week has been a whirlwind of news, with artificial intelligence (AI) taking center stage. From Nvidia&#8217;s impressive Q3 earnings to Elon Musk&#8217;s bold predictions about AI, the tech world has been abuzz with exciting developments. Hollywood is also gearing up for a new era of AI, while Jim Cramer reinforces his bullish outlook on Nvidia. Meanwhile, Chinese tech giants are expanding their AI footprints in Silicon Valley. Let&#8217;s dive into the details.
Nvidia&#8217;s Q3 Earnings Beat Expectations
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued its streak of exceeding expectations with its Q3 earnings. The tech giant reported a 94% YoY increase in revenue, reaching $35.1 billion and surpassing the Street consensus estimate of $33.12 billion. Despite supply constraints, the company&#8217;s CEO, Jensen Huang, remains optimistic about the future of AI. <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">Read the full article here.</a>
Elon Musk Predicts AI Will Surpass Doctors, Lawyers
Elon Musk has made a bold prediction about the future of AI. Following a study that revealed OpenAI's ChatGPT-4 outperformed medical professionals in diagnosing illnesses, Musk believes AI will soon surpass doctors and lawyers. The study reported a 90% accuracy rate for AI, compared to 76% for doctors using ChatGPT and 74% for doctors relying on traditional resources.&nbsp;<a href="https://www.benzinga.com/tech/24/11/42029736/elon-musk-says-ai-will-surpass-doctors-lawyers-after-chatgpt-tops-medical-diagnoses-humans-becoming-biological-backups">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/24/11/42132292/mark-zuckerbergs-meta-takes-on-64b-pig-butchering-scams-targeting-people-through-dating-apps-social-media-crypto-investing-and-other-apps?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg&#8217;s Meta Cracks Down On $64B &#8216;Pig Butchering&#8217; Scams Involving Dating Apps, Social Media And Crypto Investing</a>
Ben Affleck and Matt Damon See AI as Hollywood&#8217;s Next Big Thing
Ben Affleck believes AI will be the next big disruptor in Hollywood. Speaking at CNBC&#8217;s Delivering Alpha Summit, Affleck downplayed fears of AI replacing human creativity, instead suggesting that the technology will reshape the costlier, less creative aspects of filmmaking.&nbsp;<a href="https://www.benzinga.com/24/11/42082240/dvds-streaming-and-now-ai-ben-affleck-and-matt-damon-unpack-hollywoods-next-investment-boom">Read the full article here.</a>
Jim Cramer Doubles Down on Nvidia
Following Nvidia&#8217;s stellar Q3 earnings report, CNBC's Jim Cramer and Wall Street analysts have reinforced their bullish outlook on the company. Cramer cited Nvidia&#8217;s high return on investment as a key reason why major tech companies &#8220;have no choice but to buy Nvidia&#8217;s chips.&#8221;&nbsp;<a href="https://www.benzinga.com/news/global/24/11/42129914/jim-cramer-doubles-down-on-nvidia-demand-is-accelerating-as-ai-customers-have-no-choice-but-to-buy-its-chips">Read the full article here.</a>
Chinese Tech Giants Expand AI Footprints in Silicon Valley
Chinese tech firms, including Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance, and Meituan, are reportedly expanding their AI teams in Silicon Valley. The move is part of a broader push to attract top U.S. talent and gain an edge in the lucrative AI sector. <a href="https://www.benzinga.com/24/11/42053396/why-chinese-tech-giants-alibaba-bytedance-and-meituan-are-expanding-their-ai-footprints-in-silicon-valley-amid-us-efforts-to-block-progress">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/11/42144628/gta-6-trailer-2-fans-frustrated-as-rockstar-possibly-breaks-moon-theory?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GTA 6 Trailer 2 Fans Frustrated As Rockstar Possibly Breaks Moon Theory</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Tech

NVDA

Weekend Round-Up: AI Dominates Headlines With Nvidia, Elon Musk, And Hollywood's Big Names

The U.S. Department of Justice (DOJ) has demanded that&nbsp;Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google&nbsp;divest its Chrome browser to dismantle its monopoly on online search. This move is part of broader efforts to restore <a target="_blank" href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly" rel="noreferrer noopener">competition in the search market</a>.
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;and&nbsp;Elon Musk's&nbsp;SpaceX may encounter obstacles in their attempts&nbsp;to block the National Labor <a target="_blank" href="https://www.benzinga.com/24/11/42054405/amazon-and-spacexs-efforts-to-block-nlrb-cases-in-jeopardy-as-appeals-court-raises-key-legal-concerns" rel="noreferrer noopener">Relations&nbsp;Board or&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42054405/amazon-and-spacexs-efforts-to-block-nlrb-cases-in-jeopardy-as-appeals-court-raises-key-legal-concerns" rel="noreferrer noopener">NLRB&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42054405/amazon-and-spacexs-efforts-to-block-nlrb-cases-in-jeopardy-as-appeals-court-raises-key-legal-concerns" rel="noreferrer noopener">cases</a>.
Prominent venture capitalist&nbsp;David Sacks&nbsp;has predicted a high&nbsp;likelihood of legal action&nbsp;or a breakup of&nbsp;Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google&nbsp;in the next U.S. <a target="_blank" href="https://www.benzinga.com/24/11/42058073/google-should-be-broken-up-vc-david-sacks-foresees-high-odds-of-antitrust-lawsuit-or-breakup-under-donald-trumps-administration" rel="noreferrer noopener">administration under&nbsp;</a><a target="_blank" href="https://www.benzinga.com/24/11/42058073/google-should-be-broken-up-vc-david-sacks-foresees-high-odds-of-antitrust-lawsuit-or-breakup-under-donald-trumps-administration" rel="noreferrer noopener">Donald Trump</a>.
A Chinese state-backed company,&nbsp;Spacesail, is preparing&nbsp;to launch a satellite service&nbsp;in Brazil, posing a challenge to&nbsp;Elon Musk‘s&nbsp;SpaceX<a target="_blank" href="https://www.benzinga.com/tech/24/11/42111283/elon-musks-starlink-faces-new-competition-as-chinese-satellite-firm-spacesail-enters-brazilian-market" rel="noreferrer noopener">&nbsp;operated satellite service, Starlink</a>.
Gaming
Sony Group Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) is reportedly in discussions to acquire Kadokawa Corporation, the Japanese media powerhouse known for its extensive portfolio of anime, manga, and video games, including <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42068231/sony-in-talks-to-acquire-elden-ring-publisher-kadokawa-report" rel="noreferrer noopener">the&nbsp;global hit Elden Ring</a>.
Sony has released a significant update for its PlayStation Portal handheld device, introducing cloud streaming for&nbsp;<a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42098642/play-ps5-games-without-a-console-playstation-portal-adds-cloud-streaming" rel="noreferrer noopener">PlayStation Plus Premium members</a>.
Read: <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42098643/kadokawa-ceo-confirms-sonys-buyout-interest-no-decision-has-been-made" rel="noreferrer noopener">Kadokawa CEO Confirms Sony&#8217;s Buyout Interest: &#8216;No Decision Has Been Made&#8217;</a>
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has unveiled its upcoming additions to Xbox Game Pass for the second half of November, featuring high-profile <a target="_blank" href="https://www.benzinga.com/top-stories/24/11/42072274/xbox-game-pass-brings-big-titles-in-late-november-including-stalker-microsoft-flight-simulator-2024" rel="noreferrer noopener">launches and exciting&nbsp;indie gems</a>.
Microsoft launched a long-awaited feature for Xbox Game Pass Ultimate members, allowing them to stream select games they already own <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42118521/xbox-cloud-gaming-now-lets-you-stream-owned-games-heres-how-it-works" rel="noreferrer noopener">via Xbox Cloud&nbsp;Gaming</a>.
Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) announced new tools today designed to enhance safety for its young user base, which includes a significant number of children. These updates allow parents to remotely manage their child&#8217;s account, view their <a target="_blank" href="https://www.benzinga.com/general/gaming/24/11/42043036/roblox-enhances-parental-controls-theres-always-more-to-be-done" rel="noreferrer noopener">friends list, and set&nbsp;limits on playtime</a>.
Technology
China's leading tech firms,&nbsp;Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) ByteDance, and&nbsp;Meituan are reportedly expanding <a target="_blank" href="https://www.benzinga.com/24/11/42053396/why-chinese-tech-giants-alibaba-bytedance-and-meituan-are-expanding-their-ai-footprints-in-silicon-valley-amid-us-efforts-to-block-progress" rel="noreferrer noopener">their AI teams in Silicon Valley</a>.
Google announced its AI assistant&nbsp;Gemini&nbsp;is now available for download on&nbsp;Apple Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/11/42042074/googles-gemini-app-brings-free-flowing-ai-to-apple-iphone" rel="noreferrer noopener">iPhone&nbsp;as an app</a>.&nbsp;
Alphabet&#8216;s lucrative agreement to pay&nbsp;Apple&nbsp;over&nbsp;$20 billion a year&nbsp;to make its search engine the default on&nbsp;<a target="_blank" href="https://www.benzinga.com/24/11/42083150/googles-20b-search-deal-with-apple-faces-collapse-after-antitrust-ruling-what-it-could-means-for-both-tech-giants" rel="noreferrer noopener">iPhones</a><a target="_blank" href="https://www.benzinga.com/24/11/42083150/googles-20b-search-deal-with-apple-faces-collapse-after-antitrust-ruling-what-it-could-means-for-both-tech-giants" rel="noreferrer noopener">&nbsp;is now under threat</a>.
Google Gemini&nbsp;AI chatbot came under scrutiny after reportedly telling a user, &#8220;You are a stain on the <a target="_blank" href="https://www.benzinga.com/tech/24/11/42055794/googles-gemini-chatbot-draws-scrutiny-after-hostile-interaction-with-user-heres-what-the-search-giant-has-to-say" rel="noreferrer noopener">universe. Please d&#x2A;e."</a>
NVIDIA Corporation&#8216;s(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell AI chips are experiencing overheating problems when connected&nbsp;to server racks designed to&nbsp;hold up to 72 chips,&nbsp;reported&nbsp;The Information, citing Nvidia employees working on the problem and customers <a target="_blank" href="https://www.benzinga.com/24/11/42028342/blackwell-backfires-nvidias-ai-chips-struggle-with-server-overheating-impacting-meta-microsoft-and-musks-xai-data-centers" rel="noreferrer noopener">and&nbsp;suppliers familiar with the situation</a>.
The development of a new artificial intelligence-based version of&nbsp;Amazon.com‘s&nbsp;voice assistant Alexa is reportedly facing significant challenges<a target="_blank" href="https://www.benzinga.com/markets/equities/24/11/42055771/amazons-ai-powered-alexa-upgrade-faces-latency-compatibility-concerns-report" rel="noreferrer noopener">, according to internal memos</a>.
Read:<a target="_blank" href="https://www.benzinga.com/24/11/42079954/microsoft-ceo-satya-nadella-defends-bings-rise-against-googles-search-dominance-says-openais-partnership-with-apple-is-incremental-for-even-us" rel="noreferrer noopener">Satya Nadella Defends Bing&#8217;s Rise Against Google&#8217;s Search Dominance — Says OpenAI&#8217;s Partnership With Apple Is &#8216;Incremental&#8217; For Microsoft</a>
Smartphone
Google and&nbsp;Apple have long been discussing integrating Gemini into the iOS ecosystem. However, the timeline for this integration<a target="_blank" href="https://www.benzinga.com/media/24/11/42030331/heres-when-google-gemini-could-be-integrated-with-apple-intelligence" rel="noreferrer noopener"> may not happen until next year</a>.
Apple&nbsp;is preparing to urge a federal judge&nbsp;to dismiss the U.S. Department&nbsp;of Justice's case accusing the company of unlawfully <a target="_blank" href="https://www.benzinga.com/tech/24/11/42086154/apple-to-argue-for-dismissal-of-doj-antitrust-case-over-alleged-us-smartphone-market-domination" rel="noreferrer noopener">monopolizing the smartphone market</a>.
Huawei&nbsp;Technologies Co., Ltd. is set to initiate mass production of its latest AI chip, the Ascend 910C, in early 2025, despite facing significant <a target="_blank" href="https://www.benzinga.com/news/24/11/42105518/huawei-to-reportedly-take-on-nvidia-with-mass-production-of-new-ai-chips-by-2025-amid-us-restrictions" rel="noreferrer noopener">hurdles due to U.S. trade restrictions</a>.
Artificial Intelligence (AI)
Elon Musk&nbsp;has predicted that AI will surpass doctors and lawyers after a study revealed&nbsp;OpenAI's ChatGPT-4&nbsp;outperformed medical <a target="_blank" href="https://www.benzinga.com/tech/24/11/42029736/elon-musk-says-ai-will-surpass-doctors-lawyers-after-chatgpt-tops-medical-diagnoses-humans-becoming-biological-backups" rel="noreferrer noopener">professionals in diagnosing illnesses</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;has been appointed as a co-chair of the transition team&nbsp;for San Francisco's <a target="_blank" href="https://www.benzinga.com/media/24/11/42054127/sam-altman-co-chairs-san-francisco-mayors-transition-team-as-daniel-lurie-prepares-to-tackles-key-city-challenges" rel="noreferrer noopener">newly elected&nbsp;mayor,&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/24/11/42054127/sam-altman-co-chairs-san-francisco-mayors-transition-team-as-daniel-lurie-prepares-to-tackles-key-city-challenges" rel="noreferrer noopener">Daniel Lurie</a>.
Perplexity AI&nbsp;CEO&nbsp;Aravind Srinivas&nbsp;has jumped into the&nbsp;Alphabet Google&nbsp;antitrust conversation by asking his followers on&nbsp;X&nbsp;if his AI startup should<a target="_blank" href="https://www.benzinga.com/markets/equities/24/11/42084064/perplexity-ceo-asks-if-ai-startup-should-acquire-google-chrome-following-dojs-antitrust-push-against-search-giant" rel="noreferrer noopener"> acquire the Google Chrome browser</a>.

AAPL

AMZN

GOOG

RBLX

Sony Group Corporation American Depositary Shares

SONY

Consumer Tech News (Nov 18-Nov 22): US DOJ Demands Google To Divest Chrome Browser, Gemini AI Available On Apple & More

General Motors (GM) has announced <a href="https://www.benzinga.com/startups/24/10/41493900/meta-ceo-zuckerberg-dismisses-workers-making-over-six-figures-for-taking-advantage-of-company-food-d">layoffs </a>affecting about 1,000 employees worldwide. The move is part of GM's effort to trim costs and tighten up operations as it tries to navigate tough economic challenges.
According to the Detroit Free Press, 507 affected people worked at the Global Technical Center in Warren, Michigan – a hub for GM's innovation and tech development. Spokesperson Kevin Kelly said in a statement to Detroit Free Press that the layoffs are part of GM's plan to streamline operations and move faster toward their goals.
Don't Miss:
<ul>
<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>
A big part of GM's focus right now is on electric vehicles (EVs), but they've hit a few bumps in the road. Cox Automotive reported that EV sales in the U.S. made up 8.9% of all vehicle sales in Q3 2024. Regarding market share, GM holds 9.8%, a far cry from Tesla's commanding 48.2%.&nbsp;
To keep things in check, GM has scaled back its 2024 EV production goals from 300,000 units to somewhere between 200,000 and 250,000 units. CFO Paul Jacobson explained during a Deutsche Bank investor event that this will help them avoid overproduction and keep inventory balanced with demand.
There's also the potential loss of federal EV tax incentives, which doesn't make things easier. The $7,500 tax credit from the Inflation Reduction Act, aimed at boosting EV sales, might be rolled back under proposed Republican tax reforms.&nbsp;
Reuters noted this could put the U.S. even further behind countries like China, where EVs make up 47.9% of sales. Despite potential challenges for automakers like GM, Ford, Rivian and even Tesla, CEO <a href="https://www.benzinga.com/startups/24/10/41234093/elon-musk-warns-america-is-spiraling-towards-bankruptcy-trump-taps-him-as-cost-cutter-with-a-salary">Elon Musk</a> supports the move.&nbsp;
See Also: This rooftop wind turbine is taking on a market projected to reach over $900 billion by 2032 —<a href="https://www.benzinga.com/money/halcium"> With already over 40,000 users signing up to purchase, here's a chance to be an early investor today!</a>
During Tesla&#8217;s Q2 2024 earnings call, Musk told Wells Fargo equity analyst Colin Langan he isn't concerned about an IRA cut&#8217;s impact. He believes Tesla's strength lies beyond EVs. &#8220;There might be some impact, but it would devastate competitors and only slightly affect Tesla,&#8221; Musk said. &#8220;Long term, it likely benefits Tesla. The value of Tesla overwhelmingly is autonomy.&#8221;
He added, &#8220;If you don't believe Tesla will solve autonomy, sell the stock. If you do, buy it. Everything else is just noise.&#8221;
Despite these challenges, GM is showing it's not all bad news. The company's Q3 2024 profits were up 10.5% from last year. According to the Detroit Free Press, Paul Jacobson credited part of this success to cost-cutting efforts and capital investments during the earnings call.&nbsp;
During an <a href="https://www.cnbc.com/video/2021/10/27/gm-can-absolutely-catch-tesla-by-2025-ceo-mary-barra-says.html">interview </a>with CNBC, Mary Barra, GM&#8217;s CEO, confidently claimed in 2021 that GM would surpass Tesla in the U.S. EV sales by 2025. Highlighting GM&#8217;s innovation, she stated customers are &#8220;wowed&#8221; by their vehicles and emphasized the company's commitment to achieving the No. 1 market share in electric vehicles through consistent progress and rollouts.
Read Next:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest TODAY for just $0.26/share with a $1000 minimum.</a></li>
</ul>

GM Slashes Workforce In Anticipation Of Economic Challenges – What's Next For The Auto Giant?

The past week has been a whirlwind of tech news, with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) making headlines on multiple fronts. From analyst predictions about the company&#8217;s future to its upcoming ventures, there&#8217;s a lot to unpack. Meanwhile, Huawei Technologies Co. is gearing up to challenge Apple in China with its advanced chip, and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) lucrative deal with Apple is under threat due to an antitrust ruling. Let&#8217;s dive into the details.
Apple&#8217;s Future: Smaller, Yet Profitable Ventures
Mark Gurman, a renowned analyst, advised investors this week not to anticipate another product like Apple&#8217;s iPhone. Instead, he suggested that the company&#8217;s future lies in a series of smaller, profitable ventures. The iPhone remains Apple&#8217;s core product, driving over half of the company&#8217;s revenue and forming the foundation of its ecosystem.
<a href="https://www.benzinga.com/tech/24/11/41894509/apples-next-big-bet-think-smaller-says-analyst-there-will-never-be-another-iphone">Read the full article here.</a>
Apple&#8217;s Smart Camera: A New Venture in 2026
Apple reportedly plans to enter the smart home IP camera market in 2026, aiming for tens of millions of annual shipments, according to Ming-Chi Kuo, an analyst at TF Securities. The device will integrate with Apple products, targeting a share of the 30–40 million units shipped globally each year.
<a href="https://www.benzinga.com/tech/24/11/41891237/apples-smart-camera-coming-in-2026-cupertino-eyeing-tens-of-millions-in-annual-shipments-says-top-supply-chain-analyst">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/24/11/42132292/mark-zuckerbergs-meta-takes-on-64b-pig-butchering-scams-targeting-people-through-dating-apps-social-media-crypto-investing-and-other-apps?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg&#8217;s Meta Cracks Down On $64B &#8216;Pig Butchering&#8217; Scams Involving Dating Apps, Social Media And Crypto Investing</a>
Huawei&#8217;s Advanced Chip: A Challenge to Apple in China
Huawei Technologies Co. is set to release its most advanced domestically made chip in the Mate 70 series, amid ongoing U.S. sanctions. The launch comes as Huawei continues to increase its market share in China, where it has seen a rise in consumer demand.
<a href="https://www.benzinga.com/news/global/24/11/42132104/huawei-to-launch-mate-70-smartphone-with-advanced-homegrown-chip-challenging-apple-in-china-amid-us-sanctions-report">Read the full article here.</a>
Apple&#8217;s AI-Powered Siri: A Competitor to OpenAI and Google Gemini
Apple is reportedly developing a conversational AI-powered Siri to compete with OpenAI&#8217;s ChatGPT and Google's Gemini Live voice assistant. The new version of Siri will allow back-and-forth interactions with quicker and more advanced responses.
<a href="https://www.benzinga.com/media/24/11/42129847/apple-prepares-to-take-on-openais-chatgpt-google-gemini-live-with-llm-siri-in-2025-report">Read the full article here.</a>
Google&#8217;s Antitrust Ruling: A Threat to Apple&#8217;s Revenue
Google&#8217;s agreement to pay Apple over $20 billion a year to make its search engine the default on iPhones is now under threat. An antitrust lawsuit against Google's parent company revealed that these payments accounted for 17.5% of Apple&#8217;s operating income in 2020.
<a href="https://www.benzinga.com/24/11/42083150/googles-20b-search-deal-with-apple-faces-collapse-after-antitrust-ruling-what-it-could-means-for-both-tech-giants">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/11/42119020/alphabet-bleeds-over-120-billion-in-market-value-eyes-worst-day-in-10-months-after-doj-demands-google-chrome-sale?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Alphabet Bleeds Over $120 Billion In Market Value, Eyes Worst Day In 10 Months After DOJ Demands Google Chrome Sale</a></li>
</ul>
Photo courtesy: Unsplash
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

GOOGL

Apple's Future Ventures, Huawei's New Chip, And Google's Antitrust Woes: This Week In Appleverse

The past week has been a rollercoaster ride in the financial world. From the surge in small-cap stocks to the potential impact of President-elect Donald Trump&#8217;s DOGE initiative, there&#8217;s a lot to unpack. Let&#8217;s dive into the top stories of the week.
Small-Cap Stocks Soar
U.S. small-cap stocks have been the star performers this November, following a well-established seasonal trend. The Russell 2000 index, a benchmark for small-cap equities, has seen an impressive 8% rise this month, setting the stage for a strong December. This aligns with the historical trend of small caps excelling in the final two months of the year, often leading to the so-called &#8220;Santa Rally&#8221;.
<a href="https://www.benzinga.com/24/11/42124676/november-small-cap-surge-could-carry-into-decembers-santa-rally-historical-trends-suggest">Read the full article here.</a>
Trump&#8217;s DOGE Initiative
President-elect Donald Trump&#8217;s appointed DOGE (Department of Government Efficiency) could potentially save $50–100 billion annually, according to Congressional Budget Office analyses. However, Mario Georgiou, CFA, and executive director, head of investments at InCred Global Wealth U.K., suggests that the scale of potential savings is expected to be modest compared to total federal outlays of approximately $6.7 trillion in 2024.
<a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42097545/feds-bowman-warns-on-inflation-risks-signals-neutral-rate-may-be-closer?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Fed&#8217;s Bowman Warns On Inflation, Says Neutral Interest Rates May Be Closer &#8216;Than We Currently Think&#8217;</a>
Alarm Bells for US Auto Loans
ARK Invest CEO Cathie Wood has raised concerns about the state of auto loans in America. She notes that 90-day delinquency rates have now surpassed levels seen during the 2009 financial crisis. This comes despite continued investor confidence in auto-backed securities.
<a href="https://www.benzinga.com/markets/equities/24/11/42080723/cathie-wood-sounds-alarm-on-us-auto-loans-as-90-day-delinquency-rates-surpass-2009-levels">Read the full article here.</a>
Trump Picks Treasury Secretary
President-elect Donald Trump has chosen hedge fund executive Scott Bessent as the U.S. Treasury Secretary. Bessent, founder of Key Square Group, was a leading candidate, competing with former Fed Governor Kevin Warsh and private equity executive Marc Rowan.
<a href="https://www.benzinga.com/government/regulations/24/11/42150805/trump-picks-hedge-fund-exec-scott-bessent-as-treasury-secretary-what-president-elects-choice-means-for-americas-economic-future">Read the full article here.</a>
US Business Activity Hits 31-Month High
The U.S. private sector activity posted its fastest pace of expansion in more than two and a half years in November. This was driven by exceptional growth in the services sector, which continues to far exceed even the most optimistic forecasts by economists.
<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42141413/us-business-activity-soars-to-31-month-highs-in-november-small-caps-rally-dow-tops-44000">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42048963/why-nvidia-earnings-may-trigger-massive-sp-500-volatility?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Why Nvidia Earnings May Trigger Massive S&amp;P 500 Volatility</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Small-Cap Surge, Trump's DOGE Initiative, Auto Loan Alarms, And Treasury Secretary Pick: This Week In Economics

Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has amassed a staggering <a href="https://www.benzinga.com/markets/equities/24/11/42143260/warren-buffett-claims-to-not-time-the-market-but-his-cash-horde-tells-a-different-story">$325 billion cash reserve,</a> its largest ever, and nearly double the previous year's balance. This coincides with a record high in Warren Buffett's favored valuation metric: the stock market&#8217;s value relative to the U.S. economy. While this may seem like Buffett is predicting an imminent market downturn, his strategy is more nuanced and insightful.
What Happened: Nir Kaissar, founder of Unison Advisors, said in an opinion <a href="https://www.bloomberg.com/opinion/articles/2024-11-21/buffett-s-325-billion-cash-hoard-is-an-early-warning-signal">piece</a> for Bloomberg that Buffett readily admits he cannot forecast short-term market movements or crashes. Instead, he focuses on long-term returns, adjusting Berkshire's asset allocation accordingly.
Kaissar explains this approach as allocating assets based on expected returns rather than speculating on market timing. This principle has <a href="https://www.benzinga.com/24/11/41867250/warren-buffetts-apple-stake-reduction-spurs-97b-cash-surge-analysts-speculate-this-could-be-the-reason-behind-berkshire-hathaways-massive-cash-pile">consistently shaped Buffett's decisions</a>.
Berkshire's cash allocation has fluctuated dramatically, from 1% in 1994 to 28% today. &#8220;The record shows Buffett consistently raising Berkshire's cash allocation as stock valuations rise during booms — and expected returns consequently decline — and drawing down cash as opportunities arise,&#8221; Kaissar said.
See Also: <a href="https://www.benzinga.com/24/11/42088394/economist-gordon-johnson-slams-federal-reserve-for-asset-owner-centric-policies-says-fed-needs-to-focus-on-the-real-economy-over-stock-markets" target="_blank" rel="noreferrer noopener">Gordon Johnson Slams Federal Reserve For Asset-Owner Centric Policies, Says Jerome Powell Needs To Focus On ‘Real Economy&#8217;: ‘…The Stock Market Will Be Fine&#8217;</a>
He added that during the 1990s internet bubble, Buffett increased cash holdings as valuations soared but deployed capital as opportunities emerged. Similarly, leading up to the 2008 financial crisis, Buffett boosted cash reserves, only to invest strategically during the downturn, including a well-timed Goldman Sachs stake.
Buffett's approach hinges on a fundamental principle: valuations and future returns are inversely related. When assets are overvalued, expected returns decline, justifying higher cash reserves.
Today, the market-to-GDP ratio is at unprecedented levels, signaling potentially lower future returns. With cash yields comparable to those during past booms, Berkshire's significant cash reserve reflects Buffett's strategy of preparing for opportunities in an uncertain market.
Why It Matters: The surge in Berkshire&#8217;s cash reserve has sparked speculation about Buffett&#8217;s motives. Some analysts believe it could be a sign of an impending market downturn, while others suggest it may be part of a larger strategy, such as an acquisition plan or<a href="https://www.benzinga.com/markets/equities/24/11/42137295/as-mstrs-michael-saylor-says-warren-buffett-is-destroying-berkshire-capital-analyst-suggests-overpricedhot-stock-market-could-be-the-reason-oracle-of-omaha-is-sitting-on-325b-cash"> a buyback plan</a> in case of a succession.
Jeff Muscatello, a research analyst at Berkshire investor Douglass Winthrop, suggested that the impending management transition could be a factor in Buffett's decision to cash out. "The nearing <a href="https://www.benzinga.com/markets/24/11/41869558/warren-buffetts-apple-stake-reduction-spurs-97b-cash-surge-analysts-speculate-this-could-be-the-reas">inevitable management transition makes</a> it an opportune time to clear the decks for the next generation," he said.
MicroStrategy Inc. co-founder Michael Saylor also weighed in. Saylor said <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42084722/warren-buffett-destroy-not-investing-in-bitcoin-says-microstrategys-michael-saylor">Buffett was destroying billions </a>of dollars in capital by not utilizing the huge hordes of cash at their disposal to invest in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). "I'd&nbsp;want to bet you&nbsp;that if I had an&nbsp;hour alone with Buffett in&nbsp;a calm environment, I'd&nbsp;walk out and he would&nbsp;say this Bitcoin thing is a&nbsp;pretty good idea," he said.
Read next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42134031/markets-got-it-wrong-after-elections-prospects-of-tariffs-not-good-for-equities-vs-dollar-says-ex-goldman-sachs-analyst" target="_blank" rel="noreferrer noopener">Markets Misread Trump Win, Says Ex-Goldman Sachs Analyst: ‘Prospects Of Tariffs Not Good For Equities'</a></li>
</ul>
Image via Flickr
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.

Equities

$BTC

Is Warren Buffett Preparing For A Market Downturn With Berkshire Hathaway's $325B Cash Pile? Analyst Says Internet Bubble And 2008 Crash May Have Lessons

Kevin O'Leary is warning about how expensive <a href="https://www.benzinga.com/startups/24/07/39792500/kevin-oleary-believes-america-is-the-biggest-business-in-america-and-wants-executives-in-cabinet-tha">running a business in America</a> is becoming. In a recent Fox Business segment, O'Leary discussed how complicated rules and taxes are making it harder for companies across industries.
He also expressed hope that leaders like Elon Musk and Vivek Ramaswamy could bring about change by <a href="https://www.benzinga.com/money/how-to-reduce-taxable-income-for-high-earners">simplifying taxes</a> and reducing<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42084945/coinbase-ceo-brian-armstrong-backs-doge-initiative-how-blockchain-could-transform-government-efficiency"> unnecessary regulations</a>.
<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">If Elon and Vivek are able to simplify tax and deregulate the economy by just 30%, the cost savings would be huge. The cost I have to spend each year just to remain compliant increases about 20% per year. I've never seen cost escalation like I have in the past five years. <a href="https://t.co/0HcTRfpNeq">pic.twitter.com/0HcTRfpNeq</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1858624028568703280?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Don't Miss:
<ul>
<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>
"If they just solved for simplifying tax and deregulated the economy, just say 30%, pulled some of that regulation out," O'Leary said. According to O'Leary, the costs associated with staying compliant – like paying auditors, consultants and lawyers – are going up by about 20% yearly. "The cost that I have to spend each year just to remain compliant goes up at about 20% a year between all the consultants, the auditors, the lawyers and the changing rules of regulation," he shared.
O'Leary explained that he operates across all 11 sectors of the economy and has never seen such an escalation in costs as he has in the last five years. He&#8217;s not alone either; many other business leaders share his concerns. He mentioned that if you spoke to the CEOs of the S&amp;P 500 companies, they would tell you these regulatory costs are among the most rapidly growing expenses they face.
See Also: <a href="https://www.benzinga.com/money/cd-valet-growth">CD Popularity Soars: Over 50 Million Americans Embrace Safe Savings with 5–10% Annual Growth</a>
&#8220;There&#8217;s lots of room for efficiency, lots of room for action on that,&#8221; O&#8217;Leary said. By <a href="https://www.benzinga.com/personal-finance/24/10/41291074/dimon-calls-out-red-tape-says-its-deeply-frustrating-america-isnt-solving-its-problems">pulling back on the red tape</a>, businesses could save money and use it for other purposes, such as expanding their operations, hiring more staff or lowering consumer prices.
O&#8217;Leary hopes that by bringing in business-minded leadership – people like Elon Musk, who has already shown his ability to cut through inefficiencies at Twitter or Vivek Ramaswamy, known for his straightforward approach – the U.S. could reduce these burdens and give companies some much-needed breathing room.
However, not everyone is convinced that Musk and Ramaswamy are the right leaders for this challenge. Critics argue that while Musk&#8217;s methods at Twitter have been effective in certain areas, they have also been controversial and have led to disruptions. Some doubt whether his approach would translate well to government-level regulation involving a different scale and set of complexities.&nbsp;
Similarly, while appealing, <a href="https://www.benzinga.com/startups/24/11/42038767/im-one-of-you-how-anti-woke-warrior-vivek-ramaswamy-became-a-billionaire-at-only-38">Ramaswamy&#8217;s straightforward approach</a> may lack the nuance required to navigate the intricacies of federal regulations. There are concerns that oversimplification could lead to unintended consequences, potentially creating more issues than solutions.
Read Next:
<ul>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest TODAY for just $0.26/share with a $1000 minimum.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>
Image Via Shutterstock

Costs Have Escalated Drastically, Warns Kevin O'Leary, Hopeful Elon And Vivek Can 'Simplify Tax And Deregulate The Economy'

Elon Musk sparked confusion online yet again – this time with his take on Argentina's new import tax cuts. Recently, Argentina&#8217;s President-elect Javier Milei announced a major policy change to reduce taxes on imports.&nbsp;
Don't Miss:
<ul>
<li>This rooftop wind turbine is taking on a market projected to reach over $900 billion by 2032 —<a href="https://www.benzinga.com/money/halcium"> With already over 40,000 users signing up to purchase, here's a chance to be an early investor today!</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>
As part of his economic reform plan, Milei wants to make imported goods more affordable. Starting in December, he will raise the tax-free limit on international purchases from $1,000 to $3,000. Personal imports will also get a tariff exemption of up to $400. This move is meant to open up the economy and make things easier for shoppers in Argentina.&nbsp;
Elon Musk seemed to think so. In response to a tweet discussing Milei&#8217;s idea, he expressed his support for the tax cut by simply saying, &#8220;Good move.&#8221;&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Good move <a href="https://t.co/lrIevpBU3l">https://t.co/lrIevpBU3l</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1857698387371397241?ref_src=twsrc%5Etfw">November 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The tweet caught a lot of attention as many people quickly called Musk out for what they saw as mixed signals – supporting a policy in Argentina that seems opposite to the <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42042411/inflation-could-surge-to-3-if-trump-applies-universal-tariffs-goldman-sachs">U.S. import tariffs promoted by Donald Trump</a>, whom Musk has also publicly supported.
For instance, one user tweeted, &#8220;You supported the presidential campaign of the guy advocating for the largest tariff hike in modern U.S. history, lmao.&#8221; Another wrote, &#8220;Import taxes = tariffs. You support cutting them elsewhere and raising them here? Shameful hypocrisy.&#8221; Alex Cole added to the discourse, writing, &#8220;So removing tariffs is a good move and Donald Trump adding tariffs is also a good move? Bizarro world.&#8221;
See Also: This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
<h2 class="wp-block-heading">Different Countries, Different Needs?</h2>
Not everyone saw it as straight-up hypocrisy. Some X users argued that Musk's take could be valid if viewed in the context of Argentina's economy compared to the U.S.&nbsp;
<a href="https://www.benzinga.com/news/24/01/36597688/argentinas-inflation-was-around-200-in-2023-and-it-could-get-worse-in-2024-new-leadership-says-it-wi">Argentina is dealing with hyperinflation</a> and a major recession, so reducing import taxes might be a much-needed lifeline to help people afford basic goods. Dan Victor, a CFA, commented, &#8220;It&#8217;s different for the world&#8217;s largest economy compared to one suffering from a deep recession and hyperinflation.&#8221;
Another user pointed out that different countries might use different tools for different reasons. &#8220;Start by studying comparative economic policy. Then, once you understand that two completely different countries/economies implementing different policies is normal, this should make a little more sense.&#8221;
While some felt Musk was inconsistent, others believed his opinion could make sense given the drastically different economic situations of Argentina and the United States. The U.S. has a massive, stable economy, whereas Argentina is struggling to stabilize itself amid economic turmoil.
Read Next:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest TODAY for just $0.26/share with a $1000 minimum.</a></li>
</ul>

'Bizarro World' – People Are Really Confused By Elon Musk Praising Argentina's Javier Milei Slashing Import Taxes

Satellite images have reportedly revealed that Russia has supplied North Korea with over one million barrels of oil since March, violating United Nations sanctions that <a href="https://www.benzinga.com/news/24/10/41561980/zelensky-sounds-alarm-on-potential-north-korean-involvement-in-ukraine" target="_blank" rel="noreferrer noopener">restrict oil sales to North Korea</a>.
These transfers are part of a broader arrangement in which North Korea sends weapons, artillery shells, and even troops to aid Russia&#8217;s war in Ukraine, the BBC <a target="_blank" href="https://www.bbc.com/news/articles/cjr4pr0gyyzo" rel="noreferrer noopener">reports</a>.
The oil deliveries, tracked by the UK-based Open Source Centre, are seen as a direct quid pro quo for North Korea&#8217;s military support, with the oil serving to fuel Pyongyang&#8217;s own operations and provide stability amid ongoing sanctions.
According to satellite imagery analyzed by UK-based non-profit research group the Open Source Centre and shared exclusively with the BBC, North Korean oil tankers have made 43 trips to Russia&#8217;s Far East, with vessels arriving empty and leaving full.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42115069/warren-buffett-is-set-to-collect-776-million-in-coca-cola-dividends-but-daughter-says-his-wife-buys-him-the-soda-on-sale" rel="noreferrer noopener">Warren Buffett Is Set To Collect $776 Million In Coca-Cola Dividends – But Daughter Says His Wife Buys Him The Soda &#8216;On Sale&#8217;</a>
Despite UN sanctions capping the amount of oil North Korea can receive at 500,000 barrels per year, Russia&#8217;s illicit shipments have far exceeded this limit, with experts estimating more than a million barrels have been supplied since March.
The BBC added that these transfers not only breach UN sanctions but also involve ships that are themselves under sanction, some of which should have been impounded upon entering Russian waters, citing Go Myong-hyun, a senior research fellow at South Korea&#8217;s Institute for National Security Strategy.
The situation marks a new level of contempt for international regulations, as Russia has actively circumvented the UN panel responsible for monitoring such violations, disbanding it through its veto at the Security Council in March.
Experts worry this cooperation between two autocratic regimes may lead to even more dangerous collaborations, potentially involving military technology transfers that could further destabilize the region, the BBC adds.
While the oil deliveries provide crucial fuel for North Korea&#8217;s military, which relies on oil for its missile launchers and munitions factories, concerns are growing over the potential for more military technology exchanges, particularly in satellite and ballistic missile advancements. 
Both the US and South Korea are closely monitoring the evolving ties between Russia and North Korea, with the possibility of these exchanges further threatening global security.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42152520/dogecoin-whales-move-214-5m-in-a-single-day-sparking-speculation" target="_blank" rel="noreferrer noopener">Dogecoin Whales Move $214.5M In A Single Day, Sparking Speculation</a></li>
</ul>
Image: Shutterstock

Satellite Images Reveal North Korea Reportedly Receiving Illicit Oil from Russia

African Agriculture names Michael Rhodes as its CEO

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are worth diving into on Wednesday morning to get ready for all of the hottest news moving shares today!



Moving stocks this morning are shareholder meetings, clinical updates, an annual report and delisting plans.



Let&rsquo;s get into that news below!



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



<ol><li>Marin Software (NASDAQ:<a href="https://investorplace.com/stock-quotes/mrin-stock-quote/">MRIN</a>) stock is rocketing more than 67% after <a href="https://finance.yahoo.com/news/marin-software-enhances-microsoft-advertising-202000808.html">upgrading its integration</a> with Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) Advertising.</li>



<li>iCoreConnect (NASDAQ:<a href="https://investorplace.com/stock-quotes/icct-stock-quote/">ICCT</a>) shares are soaring over 39% alongside heavy pre-market trading.</li>



<li>Nano Labs (NASDAQ:<a href="https://investorplace.com/stock-quotes/na-stock-quote/">NA</a>) stock is surging more than 35% after <a href="https://www.nasdaq.com/press-release/nano-labs-files-annual-report-on-form-20-f-for-fiscal-year-2023-2024-04-08">filing its 2023 annual report</a>.</li>



<li>Jaguar Health (NASDAQ:<a href="https://investorplace.com/stock-quotes/jagx-stock-quote/">JAGX</a>) shares are increasing over 34% after <a href="https://finance.yahoo.com/news/jaguar-health-reports-approval-proposals-201500942.html">revealing results from its shareholder meeting</a>.</li>



<li>IN8bio (NASDAQ:<a href="https://investorplace.com/stock-quotes/inab-stock-quote/">INAB</a>) stock is gaining more than 22% <a href="https://www.nasdaq.com/press-release/in8bio-announces-new-preclinical-data-for-gamma-delta-nscar-t-cell-therapy-platform">alongside preclinical data</a>.</li>



<li>Meiwu Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/wnw-stock-quote/">WNW</a>) shares are heading over 16% higher with strong early morning trading.</li>



<li>Quantum (NASDAQ:<a href="https://investorplace.com/stock-quotes/qmco-stock-quote/">QMCO</a>) stock is climbing more than 14% despite a lack of news this morning.</li>



<li>iSpecimen (NASDAQ:<a href="https://investorplace.com/stock-quotes/ispc-stock-quote/">ISPC</a>) shares are rising close to 14% without any clear news this morning.</li>



<li>African Agriculture (NASDAQ:<a href="https://investorplace.com/stock-quotes/aagr-stock-quote/">AAGR</a>) stock is jumping over 11% today.</li>



<li>Galmed Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/glmd-stock-quote/">GLMD</a>) shares are up more than 10% on Wednesday morning.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Ascent Solar Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/asti-stock-quote/">ASTI</a>) stock is plummeting more than 49% after <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318227158&amp;type=PDF&amp;symbol=ASTI&amp;cdn=6c900f5f936acd98ef3c512d6e5bb28d&amp;companyName=Ascent+Solar+Technologies+Inc&amp;formType=EFFECT&amp;formDescription=Notice+of+Effectiveness&amp;dateFiled=2024-04-09">launching a public offering</a>.</li>



<li>FutureFuel (NYSE:<a href="https://investorplace.com/stock-quotes/ff-stock-quote/">FF</a>) shares are diving over 28% after <a href="https://www.nasdaq.com/press-release/futurefuel-to-release-first-quarter-2024-financial-results-on-may-9-2024-2024-04-08">announcing a date</a> for its upcoming earnings report.</li>



<li>Velo3D (NYSE:<a href="https://investorplace.com/stock-quotes/vld-stock-quote/">VLD</a>) stock is tumbling more than 27% after announcing a <a href="https://finance.yahoo.com/news/velo3d-announces-proposed-public-offering-210000442.html">proposed public offering</a>.</li>



<li>Biophytis (NASDAQ:<a href="https://investorplace.com/stock-quotes/bpts-stock-quote/">BPTS</a>) shares are taking an over 20% beating <a href="https://investorplace.com/2024/04/why-is-biophytis-bpts-stock-up-43-today/">following a rally yesterday</a>.</li>



<li>PainReform (NASDAQ:<a href="https://investorplace.com/stock-quotes/prfx-stock-quote/">PRFX</a>) stock is falling more than 19% as it <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318225142&amp;type=PDF&amp;symbol=PRFX&amp;cdn=db9014d6a36df8779dda82dcce26f5b4&amp;companyName=PainReform+Ltd.&amp;formType=6-K&amp;formDescription=Report+of+foreign+private+issuer+pursuant+to+Rule+13a-16+or+15d-16+under+the+Securities+Exchange+Act+of+1934&amp;dateFiled=2024-04-09">continues negative movement from yesterday</a>.</li>



<li>VIA Optronics (NYSE:<a href="https://investorplace.com/stock-quotes/viao-stock-quote/">VIAO</a>) shares are dropping over 19% <a href="https://www.businesswire.com/news/home/20240409050064/en/VIA-optronics-AG-Announces-Intention-to-Voluntarily-Delist-its-ADSs-from-the-New-York-Stock-Exchange">on delisting plans</a>.</li>



<li>Destiny Tech100 (NYSE:<a href="https://investorplace.com/stock-quotes/dxyz-stock-quote/">DXYZ</a>) stock is sliding more than 18% <a href="https://investorplace.com/2024/04/dxyz-stock-what-to-know-about-the-new-destiny-tech100-fund-taking-over-wall-street/">alongside recent volatility</a>.</li>



<li>Selina Hospitality (NASDAQ:<a href="https://investorplace.com/stock-quotes/slna-stock-quote/">SLNA</a>) shares are decreasing over 18% after a massive rally yesterday.</li>



<li>Mobile Global Esports (NASDAQ:<a href="https://investorplace.com/stock-quotes/mgam-stock-quote/">MGAM</a>) stock is dipping more than 16% after rallying on Tuesday.</li>



<li>Telesis Bio (NASDAQ:<a href="https://investorplace.com/stock-quotes/tbio-stock-quote/">TBIO</a>) shares close out our pre-market stock movers down over 15% after announcing <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318226530&amp;type=PDF&amp;symbol=TBIO&amp;cdn=5f941c4bf6eb8c3db6101ae988f298d1&amp;companyName=Telesis+Bio+Inc.&amp;formType=PRE+14A&amp;formDescription=Preliminary+proxy+statement+providing+notification+matters+to+be+brought+to+a+vote&amp;dateFiled=2024-04-09">shareholder meeting details</a>.</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>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/04/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-april-10th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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

African Agriculture Holding (AAGR) just unveiled an update. Alan Kessler has stepped down from the Board of Directors at African Agriculture Holdin...

Board Changes and Compensation Terms at African Agriculture Holding

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
African Agriculture Hldgs (NASDAQ:<a href="https://investorplace.com/stock-quotes/aagr-stock-quote/">AAGR</a>) just reported results for the first quarter of 2024.<ul><li>African Agriculture Hldgs reported earnings per share of -22 cents.</li><li>The company reported revenue of $344,913.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/05/aagr-stock-earnings-african-agriculture-hldgs-for-q1-of-2024/">AAGR Stock Earnings: African Agriculture Hldgs Reported Results for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AAGR Stock Earnings: African Agriculture Hldgs Reported Results for Q1 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
African Agriculture&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aagr-stock-quote/">AAGR</a>) stock is heading higher on Friday alongside heavy pre-market trading of the commercial farming company&rsquo;s shares.



This has more than 28 million shares of AAGR stock changing hands as of this writing. That&rsquo;s well above its daily average trading volume of about 266,000 shares. It&rsquo;s also worth mentioning that the company&rsquo;s float is sitting at 15.32 million units.



There&rsquo;s no clear news from African Agriculture that would cause today&rsquo;s rally. That includes a lack of press releases or filings from the company. On that same note, no analysts have offered coverage that would act as a catalyst for today&rsquo;s movement.



What is worth keeping in mind is that AAGR is a penny stock. This comes from its prior closing price of 24 cents per share and its market capitalization of $13.981 million.



<h2>What That Means for AAGR Stock</h2>



Being a penny stock opens AAGR up to volatility. This can be due to speculative traders buying the shares. It could also be the target of a pump and dump by retail and day traders.



All of this is to say that AAGR is a risky investment right now. Traders will want to be careful about taking a stake in the company this morning.



AAGR stock is up 54.7% as of Friday morning. However, the shares were down 78% year-to-date when markets closed yesterday.



Investors will want to keep reading for more of the most recent stock market stories today!



We have all of the hottest market news worth reading about on Friday! That includes the biggest pre-market stock movers this morning and other news. You can find out more on these matters down below!



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



<ul><li><a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-june-28th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Friday</a></li>



<li><a href="https://investorplace.com/2024/06/want-to-bet-on-the-future-of-inflation-new-forecastex-exchange-will-let-you-do-just-that/">Want to Bet on the Future of Inflation? New ForecastEx Exchange Will Let You Do Just That.</a></li>



<li><a href="https://investorplace.com/2024/06/can-roaring-kitty-make-petco-woof-stock-the-newest-meme-craze/">Can Roaring Kitty Make Petco (WOOF) Stock the Newest Meme Craze?</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



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



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/06/why-is-african-agriculture-aagr-stock-up-55-today/">Why Is African Agriculture (AAGR) Stock Up 55% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is African Agriculture (AAGR) Stock Up 55% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are a hot topic on Friday and we&rsquo;re breaking down all of the latest news sending shares higher and lower this morning!



Moving stocks are new orders and agreements, earnings reports, public offerings and more.



Let&rsquo;s get into that news below!



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



<ol><li>African Agriculture (NASDAQ:<a href="https://investorplace.com/stock-quotes/aagr-stock-quote/">AAGR</a>) stock is rocketing more than 76% alongside heavy pre-market trading.</li>



<li>Cosmos Health (NASDAQ:<a href="https://investorplace.com/stock-quotes/cosm-stock-quote/">COSM</a>) shares are soaring over 56% on a <a href="https://www.nasdaq.com/press-release/cosmos-health-signs-exclusive-distribution-agreement-pharmalink-its-sky-premium-life">distribution agreement and purchase order</a>.</li>



<li>Ocean Power Technologies (NYSEMKT:<a href="https://investorplace.com/stock-quotes/optt-stock-quote/">OPTT</a>) stock is surging more than 55% after <a href="https://www.nasdaq.com/press-release/ocean-power-technologies-signs-oem-agreement-key-maritime-technology-provider">signing an OEM agreement</a>.</li>



<li>CARISMA Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/carm-stock-quote/">CARM</a>) shares are gaining over 41% on a dr<a href="https://www.prnewswire.com/news-releases/carisma-therapeutics-announces-nomination-of-first-in-vivo-car-m-development-candidate-for-hepatocellular-carcinoma-under-collaboration-with-moderna-302185002.html">ug development candidate nomination</a>.</li>



<li>Actelis Networks (NASDAQ:<a href="https://investorplace.com/stock-quotes/asns-stock-quote/">ASNS</a>) stock is rising more than 19% on <a href="https://www.investing.com/news/company-news/actelis-secures-300k-order-for-italian-transport-project-93CH-3500256">a $300,000 order</a>.</li>



<li>Emerson Radio (NYSEMKT:<a href="https://investorplace.com/stock-quotes/msn-stock-quote/">MSN</a>) shares are heading over 19% higher witout any clear news.</li>



<li>Infinera (NASDAQ:<a href="https://investorplace.com/stock-quotes/infn-stock-quote/">INFN</a>) stock is increasing more than 19% on a <a href="https://www.marketwatch.com/story/infineras-stock-rockets-22-after-2-3-billion-purchase-by-nokia-2125f317">$2.3 billion purchase order</a>.</li>



<li>ECD Automotive Design (NASDAQ:<a href="https://investorplace.com/stock-quotes/ecda-stock-quote/">ECDA</a>) shares are climbing over 12% alongside its <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318421650&amp;type=PDF&amp;symbol=ECDA&amp;cdn=c600c816f00588b364ea61c3034e71c9&amp;companyName=ECD+Automotive+Design+Inc.&amp;formType=10-Q&amp;formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&amp;dateFiled=2024-06-27">latest earnings report</a>.</li>



<li>American Battery Tech (NASDAQ:<a href="https://investorplace.com/stock-quotes/abat-stock-quote/">ABAT</a>) stock is jumping more than 11% on Friday morning.</li>



<li>Connexa Sports Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/yyai-stock-quote/">YYAI</a>) shares are up over 10% following a <a href="https://www.nasdaq.com/press-release/connexa-announces-1-20-reverse-split-remedy-bid-price-delisting-notice-2024-06-25">reverse stock split to regain compliance</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Nexalin Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/nxl-stock-quote/">NXL</a>) stock is plummeting more than 33% after <a href="https://www.nasdaq.com/press-release/nexalin-technology-announces-pricing-52-million-public-offering-2024-06-27">pricing a public offering</a>.</li>



<li>Elicio Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/eltx-stock-quote/">ELTX</a>) shares are diving over 26% on a <a href="https://www.nasdaq.com/press-release/elicio-therapeutics-announces-proposed-public-offering-2024-06-27">proposed public offering</a>.</li>



<li>Accolade (NASDAQ:<a href="https://investorplace.com/stock-quotes/accd-stock-quote/">ACCD</a>) stock is tumbling more than 26% <a href="https://finance.yahoo.com/news/accolade-accd-reports-q1-loss-211502651.html">alongside a Q1 earnings miss</a>.</li>



<li>Anitra (NYSEMKT:<a href="https://investorplace.com/stock-quotes/aztr-stock-quote/">AZTR</a>) shares are taking an over 24% beating on Friday morning.</li>



<li>Inspire Veterinary (NASDAQ:<a href="https://investorplace.com/stock-quotes/ivp-stock-quote/">IVP</a>) stock is dropping more than 20% this morning.</li>



<li>Gain Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/ganx-stock-quote/">GANX</a>) shares are falling over 19% after <a href="https://www.nasdaq.com/press-release/gain-therapeutics-inc-appoints-gene-mack-interim-ceo-2024-06-27">announcing an interim CEO</a>.</li>



<li>Assure (NASDAQ:<a href="https://investorplace.com/stock-quotes/ionm-stock-quote/">IONM</a>) stock is decreasing more than 16% <a href="https://investorplace.com/2024/06/why-is-assure-ionm-stock-up-191-today/">after a rally yesterday</a>.</li>



<li>American Well (NYSE:<a href="https://investorplace.com/stock-quotes/amwl-stock-quote/">AMWL</a>) shares are slipping over 14% on <a href="https://www.stocktitan.net/news/AMWL/amwell-announces-reverse-stock-4im1mwzldvbn.html">reverse stock split news</a>.</li>



<li>Royalty Management (NASDAQ:<a href="https://investorplace.com/stock-quotes/rmco-stock-quote/">RMCO</a>) stock is sliding more than 14% today.</li>



<li>Nike (NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>) shares close out our pre-market stock movers down over 14% on <a href="https://finance.yahoo.com/news/nike-stock-sinks-after-company-projects-larger-sales-decline-than-expected-in-2025-192129443.html">an expected sales declinein 2025</a>.</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>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-june-28th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Nexalin Technology&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nxl-stock-quote/">NXL</a>) stock is down on Friday after the medical device company <a href="https://www.nasdaq.com/press-release/nexalin-technology-announces-pricing-52-million-public-offering-2024-06-27">priced a public offering</a> of its shares.



Nexalin Technology is selling 3 million shares of NXL stock for $1.75 each in this public offering. This has the company expecting gross proceeds from the offering to come in at $5.25 million.



Nexalin Technology notes that Maxim Group LLC is acting as the sole placement agent for the offering. The company is also expecting this offering to close on Monday.



<h2>What This Means for NXL Stock</h2>



With this public offering comes an increase in the total number of outstanding shares of NXL stock. This will also dilute the stakes of current investors in the company. That&rsquo;s one of the reasons why Nexalin Technology is seeing its share price fall today.



In addition to that, the price of the shares in the offering is a significant discount over its prior closing price. The company&rsquo;s shares closed out Thursday at $2.96 per share. It makes sense that shares of NXL shares would drop when the shares in the offering are being sold at such a lower price.



NXL stock is down 35.1% as of Friday morning. This comes with more than 955,000 shares traded. The company&rsquo;s daily average trading volume is closer to 2.9 million shares.



We have more of the latest stock market stories ready to go today!



Our coverage includes all of the hottest stock market news for Friday! A few examples include what&rsquo;s happening with shares of Cosmos Health&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cosm-stock-quote/">COSM</a>) and African Agriculture&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aagr-stock-quote/">AAGR</a>) stock, as well as the biggest pre-market stock movers this morning. All of that news is available at the following links!



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



<ul><li><a href="https://investorplace.com/2024/06/why-is-cosmos-health-cosm-stock-up-65-today/">Why Is Cosmos Health (COSM) Stock Up 65% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-african-agriculture-aagr-stock-up-55-today/">Why Is African Agriculture (AAGR) Stock Up 55% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-june-28th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Friday</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



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



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/06/why-is-nexalin-technology-nxl-stock-down-35-today/">Why Is Nexalin Technology (NXL) Stock Down 35% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Nexalin Technology (NXL) Stock Down 35% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Cosmos Health&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cosm-stock-quote/">COSM</a>) stock is on the rise Friday after the pharmaceutical company <a href="https://www.nasdaq.com/press-release/cosmos-health-signs-exclusive-distribution-agreement-pharmalink-its-sky-premium-life">secured a distribution agreement</a> with Pharmalink.



This agreement has Pharmalink acting as the exclusive distributor of Cosmos Health&rsquo;s Sky Premium Life products in the&nbsp;United Arab Emirates&nbsp;(UAE). Cosmos Health already has a 130,000 purchase order from Pharmalink and expects to deliver over 500,000 units in the first year.



Greg Siokas, CEO of Cosmos Health, said the following about the agreement with Pharmalink.




&ldquo;This partnership will enable us to launch our Sky Premium Life products dynamically in the UAE, especially in affluent markets such as Dubai and Abu Dhabi. We project receiving purchase orders exceeding 3 million units over the next five years and look forward to expanding our collaboration with Pharmalink.&rdquo;




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



With today&rsquo;s distribution agreement comes heavy trading of COSM shares. That has more than 12.4 million units changing hands. This is well above its daily average trading volume of about 180,000 shares.



COSM stock is up 64.7% as of Friday morning. However, the stock was down 50.4% year-to-date when markets closed yesterday.



Investors who are on the lookout for even more of the most recent stock market stories are in luck!



We have all of the hottest stock market news available on Friday! Among that is why shares of African Agriculture&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aagr-stock-quote/">AAGR</a>) stock are up this morning, the biggest pre-market stock movers today and more. You can find more of that news at the links below!



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



<ul><li><a href="https://investorplace.com/2024/06/why-is-african-agriculture-aagr-stock-up-55-today/">Why Is African Agriculture (AAGR) Stock Up 55% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-june-28th/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Friday</a></li>



<li><a href="https://investorplace.com/2024/06/want-to-bet-on-the-future-of-inflation-new-forecastex-exchange-will-let-you-do-just-that/">Want to Bet on the Future of Inflation? New ForecastEx Exchange Will Let You Do Just That.</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



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



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/06/why-is-cosmos-health-cosm-stock-up-65-today/">Why Is Cosmos Health (COSM) Stock Up 65% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Cosmos Health (COSM) Stock Up 65% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Elicio Therapeutics&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/eltx-stock-quote/">ELTX</a>) stock is falling on Friday after the clinical-stage biotechnology company <a href="https://www.nasdaq.com/press-release/elicio-therapeutics-announces-proposed-public-offering-2024-06-27">announced a proposed public offering</a>.



Elicio Therapeutics has announced its plans for a public offering that will include shares of ELTX stock, warrants to purchase additional shares and pre-funded warrants. What the company doesn&rsquo;t reveal is the size and pricing of the offering.



Elicio Therapeutics says that it intends to use the funds from the offering for &ldquo;the advancement of its development pipeline.&rdquo; It will also use the money for working capital and general corporate purposes.



<h2>What This Means for ELTX Stock</h2>



With this public offering will come an increase in the total number of ELTX shares outstanding. That will also result in the stakes of current investors in Elicio Therapeutics being diluted. That helps explain why shares of ELTX stock are falling on Friday.



To go along with that, investors are likely wary about the pricing of the offering. While it hasn&rsquo;t been announced yet, it&rsquo;s likely to be below the current price of the company&rsquo;s stock. This will likely result in further drops for ELTX shares once the price is announced.



ELTX stock is down 36.2% as of Friday morning. That comes with 18,000 shares traded, as compared to a daily average of about 46,000 shares.



We have more of the most recent stock market stories worth reading about on Friday!



Our coverage includes all of the hottest market news traders need to know about today! That includes everything happening with shares of Nexalin Technology&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nxl-stock-quote/">NXL</a>) stock, Cosmos Health&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cosm-stock-quote/">COSM</a>) stock and African Agriculture&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aagr-stock-quote/">AAGR</a>) stock this morning. You can catch up on all of these matters by checking out the links below!



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



<ul><li><a href="https://investorplace.com/2024/06/why-is-nexalin-technology-nxl-stock-down-35-today/">Why Is Nexalin Technology (NXL) Stock Down 35% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-cosmos-health-cosm-stock-up-65-today/">Why Is Cosmos Health (COSM) Stock Up 65% Today?</a></li>



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



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



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/06/why-is-elicio-therapeutics-eltx-stock-down-36-today/">Why Is Elicio Therapeutics (ELTX) Stock Down 36% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Elicio Therapeutics (ELTX) Stock Down 36% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
We have the biggest pre-market stock movers that traders are going to want to start the week with on Monday morning!



Moving stocks this morning are Roaring Kitty news, a company filing for bankruptcy and more.



Let&rsquo;s get into that news below!



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



<ol><li>Loop Media (NYSEMKT:<a href="https://investorplace.com/stock-quotes/lptv-stock-quote/">LPTV</a>) stock is rocketing 88% alongside heavy pre-market trading.</li>



<li>Golden Heaven (NASDAQ:<a href="https://investorplace.com/stock-quotes/gdhg-stock-quote/">GDHG</a>) shares are soaring close to 43% with strong early morning trading.</li>



<li>Chewy (NYSE:<a href="https://investorplace.com/stock-quotes/chwy-stock-quote/">CHWY</a>) stock is surging almost 19% as Roaring Kitty <a href="https://www.cnbc.com/2024/07/01/chewy-shares-rally-20percent-after-sec-filing-reveals-roaring-kitty-keith-gill-has-6point6percent-stake.html">takes a stake in the company</a>.</li>



<li>Mesoblast (NASDAQ:<a href="https://investorplace.com/stock-quotes/meso-stock-quote/">MESO</a>) shares are increasing more than 16% on a <a href="https://www.nasdaq.com/press-release/mesoblast-file-biologics-license-application-ryoncilr-fda-approval-next-week-2024-07">new biologics license application</a>.</li>



<li>Barfresh Food (NASDAQ:<a href="https://investorplace.com/stock-quotes/brfh-stock-quote/">BRFH</a>) stock is rising over 16% despite a lack of news this morning.</li>



<li>Nukkleus (NASDAQ:<a href="https://investorplace.com/stock-quotes/nukk-stock-quote/">NUKK</a>) shares are gaining nearly 15% with strong pre-market trading.</li>



<li>Incannex Healthcare (NASDAQ:<a href="https://investorplace.com/stock-quotes/ixhl-stock-quote/">IXHL</a>) stock is climbing more than 12% without any clear news today.</li>



<li>Tempus AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/tem-stock-quote/">TEM</a>) shares are getting an over 13% boost <a href="https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3IQ0UH:0-tempus-ai-rallies-in-three-day-recovery-still-below-ipo-price/">with a recent rally</a> after its initial public offering (<a href="https://investorplace.com/stock-quotes/ipo-stock-quote/">IPO</a>) last month.</li>



<li>Lion Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/lghl-stock-quote/">LGHL</a>) stock is jumping more than 13% with heavy early morning trading today.</li>



<li>Hollysys Automation Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/holi-stock-quote/">HOLI</a>) shares are up over 13% without any obvious news this morning.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Delta Apparel (NYSEMKT:<a href="https://investorplace.com/stock-quotes/dla-stock-quote/">DLA</a>) stock is plummeting more than 34% despite no clear news this morning.</li>



<li>Chicken Soup for the Soul Entertainment (NASDAQ:<a href="https://investorplace.com/stock-quotes/csse-stock-quote/">CSSE</a>) shares are diving over 20% after <a href="https://fortune.com/2024/06/29/redbox-dvd-kiosks-chicken-soup-for-the-soul-chapter-11-bankruptcy-filing/">filing for Chapter 11 bankruptcy</a>.</li>



<li>African Agriculture (NASDAQ:<a href="https://investorplace.com/stock-quotes/aagr-stock-quote/">AAGR</a>) stock is tumbling more than 14% alongside recent volatility.</li>



<li>Chicken Soup for the Soul Entertainment (NASDAQ:<a href="https://investorplace.com/stock-quotes/cssep-stock-quote/">CSSEP</a>) shares are taking an over 14% beating with the bankruptcy filing.</li>



<li>Chicken Soup for the Soul Entertainment, Inc. &ndash; 9.50% Notes due 2025 (NASDAQ:<a href="https://investorplace.com/stock-quotes/cssen-stock-quote/">CSSEN</a>) are sliding more than 12% alongside the bankruptcy news.</li>



<li>Wang &amp; Lee (NASDAQ:<a href="https://investorplace.com/stock-quotes/wlgs-stock-quote/">WLGS</a>) stock is falling 12% after a Friday rally.</li>



<li>Lakeside (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSH#NASDAQ">LSH</a>) shares are dropping over 10% this morning.</li>



<li>Li-Cycle (NYSE:<a href="https://investorplace.com/stock-quotes/licy-stock-quote/">LICY</a>) stock is decreasing more than 10% on an <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318425152&amp;type=PDF&amp;symbol=LICY&amp;cdn=adb9d0bf10804596acf67ff3f07cb9bd&amp;companyName=Li-Cycle+Holdings+Corp.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-06-28">at-market sales agreement</a>.</li>



<li>AgriForce Growing Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/agri-stock-quote/">AGRI</a>) shares are slipping over 10% on <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318425454&amp;type=PDF&amp;symbol=AGRI&amp;cdn=5153a3d8a3670dcb6c5185b3625a84cd&amp;companyName=AgriFORCE++Growing+Systems+Ltd.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-06-28">a delisting notice</a>.</li>



<li>Assure (NASDAQ:<a href="https://investorplace.com/stock-quotes/ionm-stock-quote/">IONM</a>) stock closes out our pre-market stock movers down more than 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>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/07/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-monday-july-1st/">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>.

Comments

African Agriculture Hldgs

African Agriculture Hldgs (AAGR) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga