Aduro Clean Technologies Stock (OTC: ACTHD)

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Aduro Clean Technologies Inc is a developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into feedstocks and higher-value fuels. The company's technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and costs.

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Aduro Clean Technologies Inc

Jim Cramer expressed optimism about Lululemon Athletica Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) and Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) in a recent post on X.
What Happened: The host of CNBC&#8217;s &#8220;Mad Money,&#8221; Cramer, <a href="https://x.com/jimcramer/status/1829259624278847750">stated</a> on Thursday that he thinks Lululemon may have hit rock bottom. He stated, &#8220;Thinking Lulu may have bottomed and i am loving Dell here.&#8221;
Cramer's comments come as investors closely watch market trends and company performances. 
Lululemon recently reported its <a href="https://www.benzinga.com/news/earnings/24/08/40639307/lululemon-q2-earnings-revenue-miss-eps-beat-comps-up-2-strength-in-international-soft-guidance">second-quarter financial results</a>, revealing a revenue miss but an earnings beat. The company posted revenue of $2.371 billion, falling short of the consensus estimate of $2.409 billion. 
However, earnings per share were $3.15, surpassing the expected $2.94. The athleisure brand saw a 7% year-over-year increase in total revenue and a 2% rise in comparable sales. Notably, international revenue surged by 29% year-over-year, while America&#8217;s net revenue grew by 1%.
Meanwhile, Dell also released its <a href="https://www.benzinga.com/news/earnings/24/08/40638741/dell-q2-earnings-revenue-beat-eps-beat-accelerating-ai-momentum-and-more">second-quarter earnings</a>, reporting a revenue of $25.03 billion, which exceeded the consensus estimate of $24.14 billion. The tech giant&#8217;s adjusted earnings per share were $1.89, beating the analyst estimates of $1.71. 
Dell&#8217;s total revenue increased by 9% year-over-year, with its Infrastructure Solutions Group seeing a 38% rise in revenue to $11.6 billion. However, the Client Solutions Group&#8217;s revenue dipped by 4% year-over-year to $12.4 billion.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40591572/bitcoin-ethereum-dogecoin-tank-as-over-heated-longs-get-wiped-out-analyst-says-take-a-stoc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Tank As Over-Heated Longs Get Wiped Out: Analyst Says Take A Stock Of This Before Turning Optimistic On King Crypto</a>
Why It Matters: The broader market context also plays a role in Cramer&#8217;s optimism. On the same day, Wall Street experienced a rally, with the Dow Jones reaching record highs as the U.S. economy grew by 3% in the second quarter, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40633329/us-stocks-rally-dow-jones-achieves-record-highs-as-gdp-outperforms-nvidia-falls-whats-driv">surpassing earlier estimates</a>. 
This positive economic data contributed to a risk-on sentiment among traders, despite some mixed earnings reports from major tech companies like NVIDIA Corp.
Price Action: Lululemon closed at $259.01 on Thursday, marking a slight increase of 0.07% for the day. After hours, the stock surged by 4.24%. However, the stock has declined by 48.75% year to date.
Meanwhile, Dell finished the day at $110.74, down 0.74%. In after-hours trading, Dell&#8217;s stock isurged 3.30%. Year to date, Dell&#8217;s shares have risen by 48.07%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40568347/after-binance-and-coinbase-gary-gensler-led-sec-set-to-lock-horns-with-crypto-exchange-kra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Binance And Coinbase, Gary Gensler-Led SEC Set To Lock Horns With Crypto Exchange Kraken</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

News

Markets

DELL

LULU

Jim Cramer Says Lululemon 'May Have Bottomed' After Nearly 50% Drop This Year, Strongly Confident About Dell As Stock Surges Over 3% In After-Hours Trading

El Salvador President Nayib Bukele, under whose administration Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was adopted as the legal tender, said that the leading cryptocurrency hasn't witnessed widespread adoption as expected.
What happened: In an <a href="https://time.com/7015636/president-nayib-bukele-interview/">interview </a>with Time Magazine, Bukele admitted that he expected the results to be better but it was up to the public to embrace it.
"We have never forced anyone to adopt it. We offered it as an option, and those who chose to use it have benefited from the rise in Bitcoin," Bukele remarked. "If they do not want to use it, this is a free country."
Despite the slow pace of adoption, the president said that the initiative improved the country's branding, spurred investments, and boosted tourism.&nbsp;
He went on to say that Bitcoin offered financial inclusion and profit to the country, citing how a $135 million investment turned into $400 million for the government.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40603686/donald-trumps-pro-bitcoin-stance-influenced-ethereum-etf-approval-analyst-posits">Donald Trump&#8217;s Pro-Bitcoin Stance Influenced Ethereum ETF Approval, Analyst Posits</a>
Bukele also drew attention to <a href="https://www.benzinga.com/topic/bitcoin-etfs">Wall Street's embrace of Bitcoin</a>, something that seemed unimaginable not very long ago. He noted how Bitcoin has emerged as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40179714/trumps-bitcoin-stockpile-plan-would-have-positive-impact-on-crypto-prices-but-would-leave-">topic of discussion</a> in the U.S. presidential election cycle.
&#8220;I wouldn&#8217;t consider it a resounding success. Still, I do believe that the positive outcomes outweigh the negative,&#8221; Bukele said.
Why It Matters: El Salvador has doubled down on Bitcoin ever since adopting the world's largest digital currency as a legal tender in 2021. The country has adopted a plan <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37763988/pro-bitcoin-president-nayib-bukele-says-el-salvador-will-purchase-btc-daily-until-king-cry">to buy one Bitcoin every day</a>, until it becomes unaffordable with fiat currencies.
Part of the grand strategy includes setting up a geothermal energy-powered <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40330518/nayib-bukeles-bitcoin-city-project-in-el-salvador-attracts-1-6b-investment-from-turkey-bas">"Bitcoin City,"</a> a <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39355769/el-salvadors-president-bukele-proposes-bitcoin-bank-to-attract-billions">Bitcoin bank</a>, and a <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40500085/bitcoin-training-for-civil-servants-on-the-cards-in-nayib-bukele-led-el-salvador">training and education program</a> for government officials and the general public.&nbsp;
Price Action: As of this writing, Bitcoin was exchanging hands at $58,973.49, down 0.33% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
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</ul>

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

Cryptocurrency

$BTC

El Salvador President Nayib Bukele Says Bitcoin Uptake Hasn't Been A 'Resounding Success'  — 'We Have Never Forced Anyone To Adopt It'

On Thursday, major U.S. indices had a mixed performance. The Dow Jones Industrial Average rose by 0.6% to close at 41,335.05, while the S&amp;P 500 remained nearly unchanged at 5,591.96. Meanwhile, the Nasdaq slipped 0.2% to end at 17,516.43.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)
Lululemon closed the day with a slight increase of 0.07% at $259.01, with an intraday high and low of $263.35 and $258.28 respectively. The company reported second-quarter revenue of $2.371 billion, <a href="https://www.benzinga.com/news/earnings/24/08/40639373/marvell-technology-stock-climbs-on-q2-strong-q3-guidance">missing the consensus estimate</a> but reported earnings of $3.15 per share, beating analyst estimates. 
Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>)
Dollar General shares plummeted 32.15% to close at $84.03 after the company reported disappointing <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">second-quarter earnings</a> and revised its fiscal year 2024 outlook downwards. The company reported a 0.5% increase in same-store sales, but operating profit declined by 20.6%. 
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40590258/gop-congress-member-nancy-mace-they-havent-done-anything-slams-dnc-cannabis-inaction-calls-out-r?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Congress Member Nancy Mace: &#8216;They Haven&#8217;t Done Anything,&#8217; Slams DNC Cannabis Inaction, Calls Out Republican Reluctance</a>
Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)
Dell shares slipped 0.74% to $110.74. The company reported second-quarter revenue of $25.03 billion, <a href="https://www.benzinga.com/news/earnings/24/08/40638741/dell-q2-earnings-revenue-beat-eps-beat-accelerating-ai-momentum-and-more">beating the consensus estimate</a>, and adjusted earnings of $1.89 per share, also surpassing analyst estimates. 
Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)
Marvell Technology shares climbed 2.05% to $69.84. The company reported quarterly GAAP earnings of 30 cents per share, in-line with the analyst consensus estimate, and <a href="https://www.benzinga.com/news/earnings/24/08/40639373/marvell-technology-stock-climbs-on-q2-strong-q3-guidance">quarterly sales of $1.27 billion</a>, beating the analyst consensus estimate. 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares rose slightly by 0.26% to $206.28. Elon Musk and Tesla <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40643895/elon-musk-and-tesla-triumph-in-dogecoin-insider-trading-lawsuit-judge-says-investors-cant-">successfully dismissed a federal lawsuit</a> accusing them of defrauding investors through insider trading and manipulating Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>). 
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Photo by Phongphan on Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

$DOGE

MRVL

TSLA

Lululemon, Dollar General, Dell, Marvell Technology, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Allianz Chief Economic Advisor Mohamed El-Erian stressed the Federal Reserve&#8217;s and NVIDIA Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) substantial impact on market dynamics, in a post on X on Thursday.
What Happened: El-Erian highlighted the long-standing market adage, &#8220;Don&#8217;t fight the Fed,&#8221; suggesting it should now be expanded to include Nvidia. He stated, &#8220;Whatever Nvidia does greatly impacts markets &#8212; just like the Fed.&#8221;
This statement underscores the pivotal role Nvidia plays in current market movements, akin to the Federal Reserve&#8217;s influence. El-Erian&#8217;s comments reflect growing market sentiment about Nvidia&#8217;s substantial impact on financial markets.
&#8220;Market chatter these days suggests expanding it to &#8220;don&#8217;t fight the Fed and, at least for now, don&#8217;t fight Nvidia,&#8221; he wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;Don&#39;t fight the Fed&quot; has long been a mantra in financial markets. Market chatter these days suggests expanding it to &quot;don&#39;t fight the Fed and, at least for now, don&#39;t fight Nvidia&quot;! Whatever Nvidia does greatly impacts markets &#8212; just like the Fed.<a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a> <a href="https://twitter.com/hashtag/investing?src=hash&amp;ref_src=twsrc%5Etfw">#investing</a> <a href="https://twitter.com/hashtag/investors?src=hash&amp;ref_src=twsrc%5Etfw">#investors</a>…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1828892171107504196?ref_src=twsrc%5Etfw">August 28, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/08/40624703/nvidia-to-rally-over-31-here-are-10-top-analyst-forecasts-for-thursday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">NVIDIA To Rally Over 31%? Here Are 10 Top Analyst Forecasts For Thursday</a>
Why It Matters: El-Erian&#8217;s warning comes at a critical juncture for the markets. On the same day, the <a href="https://www.benzinga.com/news/earnings/24/08/40621553/wall-street-on-track-for-relief-rally-with-nvidia-earnings-in-rearview-mirror-strategist-says-near-">Nasdaq and S&amp;P 500 futures</a> were showing resilience despite Nvidia&#8217;s recent stock dip. Nvidia&#8217;s shares fell following its second-quarter earnings report, which, despite beating expectations, raised concerns about the sustainability of the AI rally.
Adding to the market&#8217;s complexity, traders are adjusting their expectations for the Federal Reserve&#8217;s next moves. An upward revision of the U.S. GDP growth to 3% in the second quarter has led to a <a href="https://www.benzinga.com/news/large-cap/24/08/40639345/traders-scale-back-bets-on-50-basis-point-september-rate-cut-ahead-of-fridays-key-fed-inflation-ga">reevaluation of a potential 50-basis-point rate cut</a> in September. 
The market is now keenly awaiting the release of the <a href="https://www.benzinga.com/news/large-cap/24/08/40639345/traders-scale-back-bets-on-50-basis-point-september-rate-cut-ahead-of-fridays-key-fed-inflation-ga">Personal Consumption Expenditure (PCE) price index</a> report– scheduled for&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40624107/traders-brace-for-feds-favorite-inflation-report-friday-july-price-pressures-expect" target="_blank" rel="noreferrer noopener">8:30 a.m. ET</a>&nbsp;Friday, the Fed&#8217;s preferred inflation gauge, which could significantly influence future monetary policy.
Moreover, the U.S. economy&#8217;s robust performance, with an annualized <a href="https://www.benzinga.com/government/24/08/40624663/us-economy-expands-by-3-in-q2-surpasses-earlier-estimates-jobless-claims-little-moved-last-week">growth rate of 3% in the second quarter</a>, underscores its resilience amid high interest rates. This is the eighth consecutive quarter of growth, highlighting the economy&#8217;s strength despite ongoing challenges.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Federal Reserve

NVDA

'Don't Fight Nvidia' Or The Fed, Says Mohamed El-Erian, Urges Investors To Recognize Dual Influence On Market Dynamics

Jimmy Donaldson, popularly known as, MrBeast, is currently embroiled in a series of controversies. To help him navigate these troubled waters, he has reportedly enlisted the services of renowned attorney, Alex Spiro.
What Happened: Donaldson has been criticized for alleged poor health and safety conditions on his sets, negative feedback from former employees, and questions surrounding his company&#8217;s culture, <a href="https://www.businessinsider.in/thelife/news/mrbeast-is-in-a-tough-spot-but-pr-experts-say-an-aggressive-super-lawyer-isnt-the-fix-he-needs-/articleshow/112902135.cms">reported</a> Business Insider.
The YouTube star has also ended his professional relationship with childhood friend Ava Tyson due to&nbsp;<a href="https://www.benzinga.com/news/24/07/39948979/mrbeast-co-host-ava-tyson-resigns-amid-grooming-controversy-popular-youtuber-says-i-am-disgusted-and">allegations of inappropriate conversations</a> with young fans.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/08/40568404/google-chrome-to-trigger-vibrations-on-your-smartphone-when-you-do-this?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Chrome To Trigger Vibrations On Your Smartphone When You Do This</a>
Donaldson&#8217;s reputation suffered another blow&nbsp;when The New York Times&nbsp;<a href="https://www.nytimes.com/2024/08/02/style/mrbeast-beast-games-competition-show.html">reported</a> on the conditions&nbsp;of his upcoming Amazon show,&nbsp;&#8220;Beast Games.&#8221; 
The report suggested injuries, hospitalizations, and limited access to food, water, and medicine on set. In response, Donaldson has pledged to improve the internal culture and has appointed an HR officer.
Amid these controversies, Donaldson has sought the help of Spiro, a high-profile attorney charging $2,000 per hour, known for <a href="https://www.benzinga.com/news/24/02/36993934/wework-founder-adam-neumann-enlists-musks-lawyer-in-fight-to-buy-company-back-the-latest-in-penny-st">representing clients</a> like Elon Musk and Alec Baldwin, the report noted.
However, crisis management experts caution that this may not be the best approach to regain trust from fans.
PR experts recommend that Donaldson should acknowledge his mistakes and apologize, particularly to his young fans. 
They suggest that legal action might be perceived as an attempt to suppress critics rather than taking responsibility for the issues raised, the report stated.
MrBeast&#8217;s team did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Donaldson has been a prominent figure on YouTube. Last month, he celebrated a record number of subscribers with a&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/07/39720279/mrbeast-celebrates-youtube-record-with-new-video-featuring-50-content-creators-competing-fo">$1 million giveaway</a>&nbsp;to other content creators.
The YouTuber currently enjoys a massive following of more than 312 million subscribers, and on X, formerly Twitter, he has over 31 million followers.
Moreover, MrBeast has also faced criticism and public backlash for his involvement in various charitable projects, such as <a href="https://www.benzinga.com/real-estate/24/07/39648927/mrbeast-fires-back-not-just-gonna-stand-by-and-do-nothing-as-he-builds-100-homes-despite-criticism-a">building 100 houses for needy</a> families.
Photo via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Media

MrBeast Hires Attorney Known For Representing Elon Musk, Alec Baldwin Amid Poor Set Safety Allegations, Criticism From Ex-Employees — A Good Move?

Mark Cuban recently shared a post on X highlighting Donald Trump&#8217;s commitment to revitalizing the auto industry and bringing back jobs to Michigan through the taxation of foreign nations.
What Happened: On Thursday, Cuban posted about Trump&#8217;s commitment to bring back the car industry to Michigan. The ex-president was quoted by Cuban as having said, &#8220;We&#8217;re going to bring back jobs, we&#8217;re going to bring back factories and make Michigan very successful again. And we can do that very easily through the TAXATION OF FOREIGN NATIONS.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump said this at his speech today in Michigan "&quot;We&#39;re going to bring back the car industry,&quot; Trump said in our interview. &quot;We&#39;re not going to let it disappear. We&#39;re going to bring back jobs, we&#39;re going to bring back factories and make Michigan very successful again. And we…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1829344987798003920?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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Trump visited a site near a General Motors electric vehicle facility on Thursday, <a href="https://www.detroitnews.com/story/opinion/columnists/kaitlyn-buss/2024/08/29/buss-trump-promises-free-ivf-for-all/75001859007/">reported</a> The Detroit News. There the former president warned UAW autoworkers about the short-lived nature of their recent contract wins, predicting that traditional auto companies would struggle to compete with Chinese electric car manufacturers.
Cuban expressed his concern in a separate post about the impact Trump&#8217;s tariffs would have on prices for consumers. He cited the example of Walmart and its importation of &#8220;billions and billions of goods.&#8221; The post was in response to an X user who highlighted Trump&#8217;s plan to increase tariffs on imports.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A tariff is a tax imposed on foreign-made goods, paid by the IMPORTING BUSINESS (Walmart would be an example) to its home country&#39;s government. (USA) As an example , Walmart imports billions and billions of goods. If there is a 10 pct tariff, Walmart pays the US government…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1829347171600089408?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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He asked, &#8220;If there is a 10 pct tariff, Walmart pays the US government 10pcf on those billions, and guess who they pass that cost on to ?&#8221;
See Also: <a href="https://www.benzinga.com/news/24/08/40619332/after-endorsing-trump-for-president-elon-musk-now-hires-republican-strategist-signaling-a-deeper-div?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Endorsing Trump For President, Elon Musk Now Hires Republican Strategist, Signaling A Deeper Dive Into Politics</a>
Why It Matters: Trump&#8217;s proposed strategy of increasing tariffs to protect domestic industries has been a contentious topic. Former Obama administration economic adviser Betsey Stevenson criticized J.D. Vance for <a href="https://www.benzinga.com/news/24/08/40643613/jd-vance-slammed-by-ex-obama-advisor-for-spewing-frustrating-lies-on-tariffs-stresses-need-for-fact">spreading misinformation</a> about the effects of tariffs on consumer prices.
Goldman Sachs&#8217; chief economist Jan Hatzius also <a href="https://www.benzinga.com/markets/asia/24/07/39595146/trumps-trade-tariffs-would-be-highest-in-the-postwar-period-and-increase-inflation-says-goldman-sach">expressed concerns</a> about Trump&#8217;s tariff proposals, warning that they could trigger a trade war and increase inflation across the U.S.
Furthermore, Nobel laureate and economist Paul Krugman <a href="https://www.benzinga.com/news/24/07/39630382/paul-krugman-says-trump-tariffs-will-hurt-80-of-americans-benefit-only-the-top-1-burden-would-fall-o">argued</a> that Trump&#8217;s tariffs would primarily harm consumers, with 80% of Americans bearing the brunt of the policy.
Image via Shutterstock
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Mark Cuban Wants Someone To Explain To Him How Trump 'Would Tax A Foreign Nation'

Elon Musk and his electric vehicle company, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), have successfully dismissed a federal lawsuit accusing them of defrauding investors through insider trading and manipulating the meme cryptocurrency&nbsp;Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
What Happened: As reported by Reuters, the decision was delivered on Thursday night by U.S. District Judge Alvin Hellerstein in Manhattan. Investors had accused Musk of exploiting Twitter (Now X) posts, a 2021 appearance on NBC&#8217;s &#8220;Saturday Night Live&#8221;, and other publicity stunts to trade profitably at their expense through several DOGE wallets controlled by him or Tesla.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40643394/trump-said-plan-to-make-us-crypto-capital-of-the-planet-would-come-by-afternoon-crypto-com">Trump Said Plan To Make US &#8216;Crypto Capital&#8217; Of The Planet Would Come By Afternoon: Crypto Community Awaits</a>
Investors also claimed Musk intentionally inflated DOGE&#8217;s price by over 36,000% in two years before letting it crash, with he and Tesla often timing trades to coincide with Musk&#8217;s public statements and activities concerning the memecoin.
Judge Hellerstein stated that no reasonable investor could rely on the tweets to pursue a securities fraud claim. He also found it &#8220;not possible to understand&#8221; the investors&#8217; market manipulation and insider trading allegations. The lawsuit was dismissed with prejudice, preventing it from being filed again. The investors had initially sought $258 billion and had revised their complaint four times in two years.
Why It Matters: Over the years, DOGE&#8217;s price movement <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38678022/heres-how-much-1-000-invested-in-dogecoin-would-be-worth-if-you-invested-when-elon-musk-fi">has become increasingly linked to social posts and endorsements</a> by Musk, as well as developments around companies owned by him.
Earlier this month, Musk<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40453739/elon-musk-sends-dogecoin-spiking-with-ai-generated-image-says-willing-to-serve-in-governme"> posted an AI-generated image referencing the cryptocurrency </a>through his X account, which caused it to spike.
Musk reaffirmed his affinity for the meme coin in an appearance on the X Takeover podcast last month,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40018603/elon-musk-has-a-soft-spot-for-dogecoin-warns-followers-if-you-see-me-pumping-crypto-its-no" target="_blank" rel="noreferrer noopener">saying that he has got a soft spot for Dogecoin&nbsp;</a>because of his fondness toward dogs and memes.
Price Action: At the time of writing, DOGE was little changed, trading at $0.1002 after a 0.13% drop in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Shares of Tesla closed 0.26% higher at $206.28 during Thursday&#8217;s regular trading session.
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Disclaimer:&nbsp;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.

Elon Musk And Tesla Triumph In Dogecoin Insider Trading Lawsuit, Judge Says Investors Can't Rely On Tweets To Pursue Securities Fraud Claim

Dollar General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) announced disappointing second-quarter earnings on Thursday, attributing the results to financially constrained <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">lower-income consumers</a>.
What Happened: The discount retailer revealed that its core customers, primarily households earning less than $35,000 annually, are feeling more financially pressured than six months ago. CEO Todd Vasos noted that higher prices, softer employment levels, and increased borrowing costs have negatively impacted these consumers.
"The majority of them state that they feel worse off financially than they were six months ago as higher prices, softer employment levels and increased borrowing costs have negatively impacted low-income consumer incentive," he said.
Dollar General reported a 0.5% increase in same-store sales for the quarter ending Aug. 2, falling short of both its own and Wall Street&#8217;s expectations. The growth was driven solely by consumables like food, rather than discretionary items.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40568347/after-binance-and-coinbase-gary-gensler-led-sec-set-to-lock-horns-with-crypto-exchange-kra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Binance And Coinbase, Gary Gensler-Led SEC Set To Lock Horns With Crypto Exchange Kraken</a>
Shares of Dollar General plummeted over 30% following the earnings release. Net sales rose by 4.2% year-over-year to $10.2 billion, while operating profit fell 20.6% to $550 million, partly due to <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">markdowns and inventory losses</a>.
In contrast, competitors Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) reported strong sales growth in their <a href="https://www.benzinga.com/markets/equities/24/08/40486532/whats-happening-with-walmart-stock-following-targets-strong-q2-results">latest quarters</a>. Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), another rival, is set to report earnings next week.
Why It Matters: The earnings miss by Dollar General underscores a broader trend of cautious consumer spending amid persistent inflation. Even household names like J M Smucker Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) have warned of reduced consumer spending, affecting <a href="https://www.benzinga.com/markets/equities/24/08/40634810/inflation-is-eating-into-sales-of-companies-across-the-board-even-this-household-food-name">sales across various sectors</a>.
Additionally, economic data has shown a mixed outlook. UBS Global Wealth Management recently increased the probability of a U.S. recession to 25%, citing softening job growth and unsettling unemployment data. Despite this, the firm still anticipates a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40574036/ubs-raises-us-recession-probability-to-25-amid-cloudy-economic-outlook">soft landing for the economy</a>, driven by consumer spending, albeit with a &#8220;cloudy&#8221; economic outlook.
Moreover, traders have scaled back their bets on a significant rate cut by the Federal Reserve, following an upward revision of U.S. GDP growth in <a href="https://www.benzinga.com/news/large-cap/24/08/40639345/traders-scale-back-bets-on-50-basis-point-september-rate-cut-ahead-of-fridays-key-fed-inflation-ga">the second quarter</a>. This adjustment comes as the market eagerly awaits the release of the Personal Consumption Expenditure (PCE) price index, the Fed's preferred inflation gauge.
Initial jobless claims totaled 231,000 for the week ending Aug. 24, down from the upwardly revised 233,000 the previous week and <a href="https://www.benzinga.com/government/24/08/40624663/us-economy-expands-by-3-in-q2-surpasses-earlier-estimates-jobless-claims-little-moved-last-week">slightly below the expected 232,000</a>.
Price Action: Dollar General&#8217;s stock closed at $84.03 on Thursday, down 32.15% for the day. In after-hours trading, the stock slightly recovered by 0.083%. Year to date, the stock has declined by 40.16%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40591572/bitcoin-ethereum-dogecoin-tank-as-over-heated-longs-get-wiped-out-analyst-says-take-a-stoc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Tank As Over-Heated Longs Get Wiped Out: Analyst Says Take A Stock Of This Before Turning Optimistic On King Crypto</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Economics

DLTR

Dollar General Says Majority Of People Who Shop There 'Feel Worse Off Financially' Compared With 6 Months Ago Amid Price Hikes, Softer Employment Levels

Leading cryptocurrencies seesawed Thursday as former President Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40643394/trump-said-plan-to-make-us-crypto-capital-of-the-planet-would-come-by-afternoon-crypto-com">teased a plan</a> to make the U.S. the "crypto capital of the planet."
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:15 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.10%</td>
<td>$59,203.54</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.10%</td>
<td>$2,525.93</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.12%</td>
<td>$0.1004</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin rallied above $61,000 in early trading hours, only to reverse sharply to $59,000 later in the day.&nbsp;&nbsp;
Ethereum also soared nearly to $2,600, only to later retrace to the early $2,500s and consolidate.
The rally followed Trump's X post early morning, where he unveiled a "plan" to <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40643394/trump-said-plan-to-make-us-crypto-capital-of-the-planet-would-come-by-afternoon-crypto-com">make the U.S. the "crypto capital of the planet</a>."&nbsp;
In the past 24 hours, 43,890 traders were liquidated, with total liquidations at $118.52 million. Long liquidations made up 68% of the total.
Bitcoin's Open Interest rose marginally by 0.35% in the last 24 hours to $30.75 billion.&nbsp;
The market remained in "Fear" as of this writing, according to the Cryptocurrency Fear &amp; Greed Index, implying a strong selling pressure.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:15 p.m. EDT)</td>
</tr>
<tr>
<td>MultiversX (EGLD)</td>
<td>+4.85%</td>
<td>$29.51</td>
</tr>
<tr>
<td>Flare (FLR)</td>
<td>+4.75%</td>
<td>$0.01614</td>
</tr>
<tr>
<td>Ronin (RON)</td>
<td>+4.44%</td>
<td>$1.67</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market stood at $2.08 trillion, following a marginal increase of 0.05% in the last 24 hours.
Stocks were a mixed bag on Thursday. The Dow Jones Industrial Average climbed 243.63 points, or 0.59%, to close at a record high of 41,335.05. The broad-based index S&amp;P 500 ended marginally below the flatline at 5,591.96, while the tech-heavy Nasdaq Composite dipped 0.23% to end at 17,516.43.
&nbsp;AI behemoth NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) plunged 6.38% during Thursday's trading after reporting <a href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal">better-than-expected second-quarter results</a>.
On the macroeconomic front, the <a href="https://www.benzinga.com/government/24/08/40624663/us-economy-expands-by-3-in-q2-surpasses-earlier-estimates-jobless-claims-little-moved-last-week">U.S. economy grew 3% in the second quarter</a>, a significant expansion from the 1.4% growth seen in the first quarter.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: &nbsp;Widely followed cryptocurrency analyst Rekt Capital noted that Bitcoin was in the process of filling the CME gap &#8211; differences in price between the closing price on a given trading day and the opening price on the following trading day.
"Reclaim $60600 as support and the CME Gap will likely be filled in its entirety," the analyst emphasized.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin is already in the process of filling this new CME Gap Reclaim $60600 as support and the CME Gap will likely be filled in its entirety<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/M0tCekIHC0">https://t.co/M0tCekIHC0</a> <a href="https://t.co/aPmYY4cbIA">pic.twitter.com/aPmYY4cbIA</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1829217607653720345?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another cryptocurrency trader, Hardy noted how the U.S. trading session imparted a "curveball" to Bitcoin's trajectory after bullish European sessions.&nbsp;
&#8220;Now the big question: will the bulls defend the 58K/59K support,&#8221; the trader commented, adding that they would continue to hold and even add more if King Crypto dips further.&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"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> UPDATE US session threw a curveball with that rejection,was eyeing a CME gap fill before any pullback. Now the big question: will the bulls defend the 58K/59K support? Still holding LONG. Ready to add if we dip lower. Watching closely for bull div confirmations. Stay… <a href="https://t.co/lmRii9aizt">https://t.co/lmRii9aizt</a> <a href="https://t.co/aL3QUGkDJW">pic.twitter.com/aL3QUGkDJW</a>
&mdash; Hardy (@Degen_Hardy) <a href="https://twitter.com/Degen_Hardy/status/1829319266086326560?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Igor Faun on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40629090/robinhood-adds-solana-to-web3-wallet-expands-crypto-offerings">Robinhood Adds Solana To Web3 Wallet, Expands Crypto Offerings</a></li>
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Movers

Trading Ideas

$ETH

Bitcoin, Ethereum, Dogecoin Remain Choppy — Trader Says 'Still Holding Long, Ready To Add ' If King Crypto Dips Lower

Former Obama administration economic adviser Betsey Stevenson criticized Republican vice presidential nominee J.D. Vance on Thursday for spreading misinformation about the effects of tariffs on consumer prices.
What Happened: Stevenson, who served on 44th U.S.&nbsp;President Barack Obama&#8216;s Council of Economic Advisers and as chief economist at the Department of Labor, took to social media to rebuke Vance&#8217;s claims that tariffs on Chinese goods led to lower prices for Americans.
&#8220;The frustrating point about Vance&#8217;s lie is that policymakers need to know the true effects of policy and make decisions based on facts and preferences,&#8221; Stevenson <a href="https://x.com/BetseyStevenson/status/1829178057799967110">wrote</a> on X, formerly known as Twitter.
The University of Michigan economist&#8217;s comments came in response to a video clip of Vance stating, &#8220;Our corrupt leadership said if you put tariffs on China, prices will go up. Instead, Donald Trump did that, manufacturing came back and prices went down for American citizens.&#8221;
Stevenson cited former White House Council of Economic Advisers Chair Jared Bernstein&#8216;s explanation of tariff economics, emphasizing the importance of understanding their actual impact.
&#8220;As @econjared46 honestly acknowledges tariffs raise prices to shift consumption toward domestic producers,&#8221; Stevenson noted.
Bernstein had earlier clarified the purpose of tariffs, stating, &#8220;The point of such tariffs is to raise the price of imports so consumers will buy domestic products. If they don&#8217;t change relative prices, they don&#8217;t &#8216;work.'&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40596411/nasdaq-s-p-500-futures-flatline-as-traders-await-earnings-report-from-ai-barometer-nvidia-fund-mana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Wall Street On Wait-and-Watch Mode Ahead Of Nvidia Earnings</a>
Why It Matters: The criticism from Stevenson comes amid a series of controversial statements and actions by Vance. Recently, Vance appeared on NBC&#8217;s "Meet the Press" to defend former <a href="https://www.benzinga.com/personal-finance/24/08/40628997/jd-vance-rejects-claim-that-trumps-tariffs-would-be-a-tax-on-americans-disagrees-tariffs-cost-am">President Trump&#8217;s tariff policies</a>, arguing against claims that these tariffs amounted to a heavy tax on American consumers. 
Vance rejected the notion that tariffs cost Americans nearly $80 billion in new taxes, asserting that the real targets were foreign importers who <a href="https://www.benzinga.com/personal-finance/24/08/40628997/jd-vance-rejects-claim-that-trumps-tariffs-would-be-a-tax-on-americans-disagrees-tariffs-cost-am">rely on cheap labor</a> to undercut U.S. workers.
Furthermore, Vance has been vocal about his opposition to the <a href="https://www.benzinga.com/news/24/08/40591746/jd-vance-lashes-out-at-kamala-harris-for-allowing-chinese-battery-plant-in-michigan-she-wants-to-pay">establishment of a Chinese battery plant</a> in Michigan, attributing the decision to Democratic policies and Vice President Kamala Harris. He linked this to the Inflation Reduction Act (IRA), which Harris supported, accusing her of enabling Chinese companies to access clean-energy companies.
Adding to the controversy, Vance recently made headlines with a bold claim that owning a new car costs every American $50,000 a year, blaming Vice President Harris for the <a href="https://www.benzinga.com/personal-finance/24/08/40482592/jd-vance-shocks-with-claim-that-owning-a-new-car-costs-every-american-50-000-a-year">increase in costs</a>. This statement quickly became a trending topic, drawing mixed reactions on social media.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

JD Vance Slammed By Ex-Obama Advisor For Spewing Frustrating' Lies On Tariffs, Stresses Need For Fact-Based Policy

Sen. Ted Cruz (R-Texas) praised Elon Musk&#8217;s acquisition of Twitter, calling it a significant move for free speech, amidst increasing crackdowns by governments.
What Happened: On Thursday, Cruz expressed his views on the recent developments surrounding Musk&#8217;s social media platform, X, formerly known as Twitter. &#8220;People are hungry for the truth worldwide. Elon Musk buying Twitter was the biggest development for free speech in recent history. It is both telling and dangerous when governments try to crack down on that,&#8221; Cruz tweeted.
<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">People are hungry for the truth worldwide. Elon Musk buying Twitter was the biggest development for free speech in recent history. It is both telling and dangerous when governments try to crack down on that. <a href="https://t.co/1s5Bp7nOw2">https://t.co/1s5Bp7nOw2</a>
&mdash; Ted Cruz (@tedcruz) <a href="https://twitter.com/tedcruz/status/1829306855274750076?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The senator&#8217;s tweet comes in the wake of escalating legal disputes involving Musk&#8217;s platform in Brazil. The Supreme Court of Brazil has <a href="https://www.benzinga.com/news/24/08/40643433/elon-musk-lashes-out-at-judge-after-brazils-supreme-court-blocks-starlinks-bank-accounts-criminal-we">imposed a financial freeze</a> on Musk&#8217;s Starlink, a subsidiary of SpaceX, and threatened to suspend X in the country.
See Also: <a href="https://www.benzinga.com/news/24/08/40540066/former-tesla-autopilot-head-and-ex-openai-researcher-says-programming-is-changing-so-fast-that-he-ca?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Tesla Autopilot Head And Ex-OpenAI Researcher Says &#8216;Programming Is Changing So Fast&#8217; That He Cannot Think Of Going Back To Coding Without AI</a>
Why It Matters: The legal issues surrounding X have been escalating for some time. The Brazilian Supreme Court has instructed Musk to <a href="https://www.benzinga.com/news/24/08/40643433/elon-musk-lashes-out-at-judge-after-brazils-supreme-court-blocks-starlinks-bank-accounts-criminal-we">appoint a legal representative</a> for X in Brazil or face potential suspension of the platform. The court&#8217;s decision was in response to X&#8217;s lack of legal representatives in the country and unpaid fines due to failure to provide certain documents. 
Earlier this year, Musk was <a href="https://www.benzinga.com/news/24/04/38135953/elon-musk-hit-with-obstruction-of-justice-inquiry-after-he-calls-for-impeachment-of-brazils-top-judg">under investigation</a> by the Brazilian Supreme Court for obstructing justice in a social media dispute. The tech billionaire was accused of instigating &#8220;criminal conducts practiced by digital militias&#8221; and &#8220;abuse of economic power.&#8221; 
Furthermore, X has faced warnings from the European Union for <a href="https://www.benzinga.com/news/24/07/39648446/elon-musks-x-faces-eu-penalty-warning-for-failing-to-control-harmful-content">failing to control harmful content</a>. This follows a series of actions by EU regulators against major tech firms. 
Photos courtesy: Shutterstock
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Ted Cruz Says People Hungry For Truth Worldwide — 'Elon Musk Buying Twitter Was The Biggest Development For Free Speech'

The UK&#8217;s medical cannabis market is expanding rapidly, with growth estimated at around 10% per month, <a href="https://www.itv.com/news/2024-08-29/uk-medical-cannabis-market-growing-10-every-month">according to</a> Jon Robson, CEO of Mamedica, a leading medical cannabis clinic.&nbsp;
Despite this impressive growth, access to medical cannabis remains largely confined to illicit channels and a limited private sector, as National Health Service (NHS) prescriptions remain highly restricted.
<h3 class="wp-block-heading">Barriers To NHS Prescriptions</h3>
Since medical marijuana (MMJ) was legalized in the UK in 2018, around 50,000 patients have gained access to these treatments. However, NHS prescriptions are restricted to specific conditions like multiple sclerosis (MS), epilepsy and chemotherapy-induced nausea and vomiting. 
According to NICE guidelines, the NHS requires licensed cannabis products to undergo rigorous clinical trials before they can be prescribed, limiting availability of these treatments. Only three licensed cannabis products are available through the NHS, making it difficult for many patients to obtain them.
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
<h3 class="wp-block-heading">Market Growth And Illicit Trade Concerns</h3>
The UK&#8217;s medical cannabis market is on a rapid upward trajectory, with projections indicating that patient numbers could surpass 300,000 by 2028, up from the current estimate of around 50,000. This expansion, driven by increasing acceptance and private sector involvement, could result in substantial market opportunities for investors. However, it also presents significant challenges, particularly concerning the illicit trade.
One of the key players in the European cannabis market, Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) is leveraging its strategic expansion in the UK to out price the illegal <a href="https://www.benzinga.com/markets/cannabis/24/06/39442869/2-9b-european-cannabis-market-a-strategic-blueprint-for-cross-border-transportation-logistics">cannabis trade</a>. According to Juan Martinez, head of Curaleaf International, the UK market has massive potential. Over 2 million British adults are believed to be self-medicating with cannabis, yet only 45,000 are registered MMJ patients. This discrepancy is evidence of an untapped market that could grow significantly if regulatory frameworks and public awareness improve.
In<a href="https://www.benzinga.com/topic/uk-cannabis"> the UK</a>, Curaleaf has introduced vapes and gummies, gathering data from over 30,000 patients to tailor their products to medical needs. This approach allows the company to present compelling evidence to regulators, which is crucial in a market where the NHS offers limited access to cannabis-based treatments.
Despite these advancements, the rapid growth of the legal market may inadvertently be fueling the illicit trade. The National Crime Agency (NCA) reported that illegal cannabis seizures at <a href="https://www.benzinga.com/markets/cannabis/24/08/40604161/whats-behind-increased-cannabis-seizures-at-u-k-airports-supply-demand-and-naive-smugglers">UK airports have tripled </a>in under a year, with organized criminal gangs exploiting demand by smuggling cannabis into the UK and selling it at a premium. 
However, Martinez <a href="https://www.benzinga.com/markets/cannabis/24/06/39256203/curaleaf-international-is-beating-illicit-cannabis-prices-in-uk-and-germany-whats-next-for-eu-ex">notes </a>that in the UK, pharmaceutical-grade cannabis through legal channels is priced at £5.50 per gram, compared to £10-15 on the illicit market, making it an attractive option for informed patients.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/06/39256203/curaleaf-international-is-beating-illicit-cannabis-prices-in-uk-and-germany-whats-next-for-eu-ex">Curaleaf International Is Beating Illicit Cannabis Prices In UK And Germany &#8211; What&#8217;s Next For EU Expansion?</a>
<h3 class="wp-block-heading">Need For Further Research</h3>
The Department for Health and Social Care emphasizes the need for more research to give NHS doctors confidence in prescribing cannabis-based medicines. While the NHS funds licensed products, the lack of evidence for unlicensed ones remains a major barrier. As the market grows, there is a rising demand for comprehensive trials and regulatory engagement to expand NHS access to these treatments.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/08/40604161/whats-behind-increased-cannabis-seizures-at-u-k-airports-supply-demand-and-naive-smugglers">What&#8217;s Behind Increased Cannabis Seizures At U.K. Airports? Supply, Demand And Naive Smugglers</a>

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2 Million Brits Are Self Medicating With Cannabis, The  Market Soars 10% Monthly - Will National Health Service Prescriptions Catch Up?

On Thursday, the Supreme Court of Brazil imposed a financial freeze on&nbsp;Elon Musk&#8216;s Starlink, a subsidiary of&nbsp;SpaceX. This action is part of an <a href="https://www.benzinga.com/news/24/08/40623911/brazilian-supreme-court-tells-elon-musk-to-appoint-legal-representative-for-x-in-24-hours-or-face-su">escalating legal dispute</a> that could potentially lead to the suspension of Musk&#8217;s social media platform, X, in Brazil.
What Happened: The court&#8217;s decision, signed by Supreme Court Judge Alexandre de Moraes, is a response to X, formerly Twitter&#8217;s lack of legal representatives in Brazil, reported Reuters.
The freeze also pertains to a separate issue regarding&nbsp;unpaid fines that X was&nbsp;directed&nbsp;to <a href="https://www.benzinga.com/general/24/04/38219016/elon-musks-x-defies-brazilian-court-order-calls-for-supreme-court-judge-to-resign-after-issuing-most">pay due to its&nbsp;failure</a> to provide certain documents.
Starlink has acknowledged the receipt of the order, which bars the company from carrying out financial transactions in Brazil. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/08/40568404/google-chrome-to-trigger-vibrations-on-your-smartphone-when-you-do-this?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Chrome To Trigger Vibrations On Your Smartphone When You Do This</a>
The tech mogul also reacted to the news on X, lambasting Judge de Moraes as a &#8220;criminal wearing judges robes like&nbsp;a Halloween costume.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">De Moreaes is a criminal wearing judges robes like a Halloween costume &#x1f47b; <a href="https://t.co/Wp0exL7wwv">https://t.co/Wp0exL7wwv</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829310109639655795?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
In another post, Musk stated that SpaceX and X are entirely separate companies with different shareholders. He owns roughly 40% of SpaceX, so this action by de Moraes unfairly punishes other shareholders.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">SpaceX and X are two completely different companies with different shareholders. I own about 40% of SpaceX, so this absolutely illegal action by the dictator <a href="https://twitter.com/alexandre?ref_src=twsrc%5Etfw">@alexandre</a> improperly punishes other shareholders and the people of Brazil. <a href="https://t.co/zIzcT0BTJl">https://t.co/zIzcT0BTJl</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829307275309093121?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The Supreme Court has given X until&nbsp;8:07 p.m. (2307 GMT) on&nbsp;Thursday to appoint a legal representative for Brazil.
The ongoing dispute revolves around whether Moraes can instruct X&nbsp;to block certain accounts accused&nbsp;of disseminating misinformation, a demand Musk has condemned as censorship.
Non-compliance with the court&#8217;s order could lead to X&#8217;s <a href="https://www.benzinga.com/markets/equities/24/04/38477389/elon-musk-take-fight-for-free-speech-abroad-feuds-with-australia-and-brazil-over-content-restric">suspension in Brazil</a>, one of its largest markets. This development comes&nbsp;at a time when Musk&nbsp;is struggling&nbsp;with advertising revenue for the&nbsp;platform.
 X had previously announced its decision to halt operations and lay off its staff in Brazil, citing &#8220;censorship orders&#8221; from Moraes. Despite this, the company assured that its services would remain accessible to users in the country.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Elon Musk Lashes Out At Judge After Brazil's Supreme Court Blocks Starlink's Bank Accounts: 'Criminal Wearing Judges Robes Like A Halloween Costume'

Republican presidential candidate Donald Trump teased a plan Thursday that would make the U.S. the "crypto capital of the planet," while also promoting the family-backed cryptocurrency project, World Liberty Financial.
What happened: In an X post this morning, Trump shared a video with his voiceover, "This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet. They want to choke you out of business. We're not going to let that happen."
The former president also tagged the official World Liberty Financial account, a decentralized finance (DeFi) platform that he and his sons, Donald Trump Jr. and Eric Trump, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40231081/donald-trump-jr-and-eric-trump-tease-defi-project-with-bedefiant-hashtag">have been promoting for weeks</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/worldlibertyfi?ref_src=twsrc%5Etfw">@worldlibertyfi</a> <a href="https://t.co/mwhVIzPJyq">pic.twitter.com/mwhVIzPJyq</a>
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1829141447087648796?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
While the video implied that important announcements might come by afternoon, nothing concrete was announced at the time of writing. Trump&#8217;s campaign team didn&#8217;t immediately respond to Benzinga&#8217;s request for comment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40603686/donald-trumps-pro-bitcoin-stance-influenced-ethereum-etf-approval-analyst-posits">Donald Trump&#8217;s Pro-Bitcoin Stance Influenced Ethereum ETF Approval, Analyst Posits</a>
Why It Matters: On the same day last week, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40515026/donald-trump-launches-crypto-platform-the-defiant-ones-to-challenge-traditional-banking-sy">Trump promoted the DeFi initiative</a> through Truth Social, a social networking app he set up in 2022.
"For too long, the average American has been squeezed by the big banks and financial elites," Trump declared in his post. "It's time we take a stand — together."
The cryptocurrency project, backed by the family-owned conglomerate, The Trump Organization, was earlier referred to as <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40386524/eric-trump-teases-upcoming-crypto-based-initiative-surrounding-digital-real-estate-itll-sh">"digital real estate" by Eric Trump</a> and one that would rival traditional banking.
The platform's official Telegram channel has more than 57,000 subscribers as of this writing, with numbers increasing by the day.
The presidential hopeful has pivoted toward cryptocurrency as part of its election campaign. He recently l<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40623221/donald-trumps-fourth-nft-collection-has-generated-over-2m-in-sales-in-just-1-day">aunched the latest NFT collection</a>, which has raked in more than $2 million in revenue.
Trump's Democratic rival Kamala Harris <a href="https://www.benzinga.com/news/24/08/40626095/trump-vs-harris-vice-president-widens-lead-over-rival-among-women-and-hispanic-voters">expanded her lead</a> over the ex-president to 45% to 41% in the latest Reuters/Ipsos poll, with notable gains among women and Hispanic voters.
Price Action: As of this writing, Trump-themed Maga (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) was exchanging hands at $3.36, up 0.75% down 2% in the last 24 hours.
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Trump Said Plan To Make US 'Crypto Capital' Of The Planet Would Come By Afternoon: Crypto Community Awaits

<h2 class="wp-block-heading">Poland: Drivers Entering From Germany Should Be Aware Of Cannabis Zero-Tolerance Policy</h2>
Drivers traveling from Germany to Poland must be aware of the differences between the two countries' cannabis laws. More specifically, in Germany a new law setting up a maximum allowed limit of THC for drivers at 3.5 nanograms per milliliter of blood <a href="https://www.benzinga.com/markets/cannabis/24/08/40471930/germany-sets-new-limits-for-driving-under-the-influence-of-marijuana-berlin-confirms-cannabis-cl">recently took effect</a>. That's equivalent to 20 milligrams of alcohol per 100 milliliters of blood.
However, in Poland, cannabis is illegal, and a zero-tolerance policy is in place, <a href="https://polskiobserwator.de/surowe-kary-dla-kierowcow-wjezdzajacych-do-polski-z-niemiec-za-spozywanie-marihuany/">writes</a> Polski Obserwator, according to translation. A person caught with a joint in their car by the Polish police could end up in jail.
Lawyer Bernard Długosz told the Rbb24.de portal that if the THC content is less than 2.5 nanograms per milliliter, &#8220;it will be considered an administrative offense.&#8221; This type of offense carries a fine of at least 600 euros ($667.44) and a driving ban of six months to three years.
&#8220;Above 2.5 nanograms per milliliter, driving under the influence of marijuana is treated as a crime,&#8221; said Długosz. This offense carries a harsher penalty, such as a fine of several thousand euros, up to two years in prison and a driving ban of at least three to fifteen years.
The Polish police check the THC levels carefully and regularly. Ewa Murmyllo, the press spokeswoman of the police in Słubice said, &#8220;If we detect a positive result from a quick drug test, the driver will be taken to a hospital. There, they must undergo a detailed blood test that precisely indicates the amount of substances consumed. We then classify the offense accordingly based on the results.&#8221;
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40564933/berlin-grants-first-cannabis-cultivation-permission-lower-saxony-to-introduce-fines-with-hefty-p">Berlin Grants First Cannabis Cultivation Permission, Lower Saxony To Introduce Fines With &#8216;Hefty Penalties&#8217;</a>
<h2 class="wp-block-heading">Philippines: House Rep. Villafuerete Urges Passage Of Medical Marijuana Law</h2>
National Unity Party president and Camarines Sur Rep. LRay Villafuerte hopes that the Senate will approve the medical marijuana bill that was recently passed by the House of Representatives, <a href="https://politiko.com.ph/2024/08/28/villafuerte-calls-for-senate-approval-of-medical-cannabis-bill/politiko-lokal/">reports </a>Politiko. Under <a href="https://docs.congress.hrep.online/legisdocs/first_19/CR01088.pdf" target="_blank" rel="noreferrer noopener">House Bill 10439</a>, that passed the House this July in a 177-9-9 vote, medical marijuana would be legal to use as a treatment for various health conditions.
"With the House's third and final approval of HB 10439 in the previous legislative session, what we only need now is for our senators to act on their counterpart measure, in the hope that we can come up with an enrolled bill for submission to, and enactment into law by, President Marcos this third and final session of the 19th Congress," Villafuerte said.
A similar legislation, Senate Bill 2573, sponsored by Senator Robin Padilla, is <a href="https://www.benzinga.com/markets/asia/24/02/37375526/philippine-senator-pushes-medical-cannabis-legalization-canadas-weed-tax-reform-south-africas-new-la" target="_blank" rel="noreferrer noopener">under debate in the Senate</a>. Even though the bill <a href="https://www.benzinga.com/markets/cannabis/22/08/28376511/why-this-country-put-cannabis-legalization-bill-on-hold-what-is-wrong-with-new-zealand-medical-m" target="_blank" rel="noreferrer noopener">aims to establish a regulated framework</a> for medical marijuana consumption, emphasizing stringent oversight and research purposes, it faces challenges and scrutiny over safety, regulation and public health impacts. Among lawmakers opposing the bill is the president&#8217;s sister, Imee Marcos.
"I am more upbeat that the Congress will be able this time around to finally write a law allowing qualified patients with debilitating diseases to use CBD as an alternative treatment for their afflictions, hoping that the UN CND's recognition of non-addictive CBD will convince most of our senators to pass their measure (Senate Bill 2573) legalizing medical cannabis," Villafuerte added.
Villafuerte added that SB 2573 was signed by 13 senators, and that he personally advocates for the legalization of CBD because it is not addictive and is helpful as a treatment for various conditions such as epilepsy, autoimmune diseases, MS, etc.
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<h2 class="wp-block-heading">Sri Lanka: Government&#8217;s Cannabis Investment Plan Attracts 30 Applications</h2>
The government's cannabis investment plan has seen 30 applications so far, said State Minister of Investment Promotion Dilum Amunugama, <a href="https://www.adaderana.lk/news.php?nid=101508">writes</a> Ada Derana.
"We have received 30 applications so far [for the cannabis investment plan]. They are being processed by a committee in which all Ayurvedic Department and Ministry of Investment Promotion officials are present. No one has come up to the growing stage yet, but land allocations are being done. In future, they will come to the stage of growing."
The cannabis projects will be located in Mirigama and Kandy, with plans for oil extraction as a minimum value addition.
In February, Cabinet of Ministers in Sri Lanka <a href="https://www.benzinga.com/markets/cannabis/24/02/36960066/thai-gov-rushes-to-ban-cannabis-after-weed-smelling-coldplay-concert-more-pot-updates">gave a green light</a> to a proposal allowing the cultivation and export of medical marijuana.
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Photo: Courtesy of OMfotovideocontent via Shutterstock

Sri Lanka's Cannabis Investment Plan Attracts 30 Applications, Philippines Rep. Pushes For Medical Marijuana & More Pot Updates

Sen. JD Vance (R-Ohio) has made a public appeal to the billionaire Peter Thiel to offer his support to former President Donald Trump&#8217;s 2024 presidential bid.
What Happened: Vance, who joined Trump&#8217;s campaign as a running mate in July, is attempting to persuade Thiel to reconsider his decision to abstain from the 2024 presidential race. Thiel, a co-founder of PayPal and data analytics firm Palantir, has previously made donations to both Trump and Vance&#8217;s political campaigns, <a href="https://thehill.com/homenews/campaign/4854801-vance-thiel-support-trump/">reported</a> The Hill on Thursday.
&#8220;I&#8217;m going to keep on talking to Peter and persuading him that&#8230;he needs to get off the sidelines and support the ticket,&#8221; Vance stated in an interview with the Financial Times.
&#8220;He is fundamentally a conservative guy, and I think that he needs to get off the sidelines and support the ticket,&#8221; said Vance.
Thiel announced in November that he would not be donating to GOP politicians in 2024, but later hinted at a possible change of mind. However, he confirmed in June that he would not be donating to super PACs supporting Trump, but would still vote for the Republican nominee.
See Also: <a href="https://www.benzinga.com/news/24/08/40616726/marjorie-taylor-greene-calls-kamala-harris-weak-and-incompetent-for-needing-communist-comrade-walz-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Calls Kamala Harris &#8216;Weak And Incompetent&#8217; For Needing &#8216;Communist Comrade&#8217; Walz To Hold Her Hand During Interviews</a>
Vance&#8217;s plea comes as Vice President Harris&#8217;s campaign announced it has raised $540 million since she entered the presidential race, with $82 million coming during the Democratic convention in Chicago.
Why It Matters: Thiel&#8217;s relationship with Trump has <a href="https://www.benzinga.com/news/24/07/40001721/thiel-reportedly-reassessing-trump-in-wake-of-vance-pick-in-spite-of-many-misgivings-he-had-earlier">cooled since 2022</a>, when he invested $35 million to help elect Vance in Ohio and in the failed Senate campaign of Blake Masters in Arizona. Thiel, who donated more than $1 million to the Trump campaign in 2016, did not contribute to Trump's re-election campaign in 2020. However, he has voiced optimism about a Trump return to the White House with Vance as vice president.
Thiel played a <a href="https://www.benzinga.com/startups/24/08/40221033/peter-thiel-launched-j-d-vances-venture-capital-career-but-a-former-colleague-says-he-was-rarely-in">pivotal role</a> in launching Vance&#8217;s venture capital career in 2016, further strengthening their ties. He brought Vance into Mithril Capital Management, a venture capital (VC) firm he founded, shortly after Vance gained national attention for his memoir &#8220;Hillbilly Elegy.&#8221;
Vance&#8217;s appointment as Trump&#8217;s running mate was a surprise to many, but his ties to the Silicon Valley elite, particularly his <a href="https://www.benzinga.com/general/entertainment/24/07/39867460/billionaire-peter-thiel-vp-nominee-jd-vance-have-more-than-trump-in-common-theyre-both-real">mentor-protégé relationship</a> with Thiel, reportedly fueled his rise to power within the GOP.
Photo Courtesy: Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

JD Vance: Palantir Co-Founder Peter Thiel 'Needs To Get Off The Sidelines' And Support Trump — 'He's Fundamentally A Conservative'

In his forthcoming coffee table book, &#8220;Save America,&#8221; former President Donald Trump presents a critical portrayal of Meta Platforms CEO Mark Zuckerberg.
What Happened: The photo book, due to be released on Tuesday, includes an undated image of Trump with Zuckerberg, accompanied by a disparaging caption. The caption appears to reference a $420 million donation made by Zuckerberg and his wife in 2020 to support election infrastructure, a move that previously drew Trump&#8217;s ire, <a href="https://www.politico.com/news/2024/08/28/trump-zuckerberg-election-book-00176639">reported</a> Politico.
The ex-president wrote underneath the photo: Zuckerberg &#8220;would come to the Oval Office to see me. He would bring his very nice wife to dinners, be as nice as anyone could be, while always plotting to install shameful Lock Boxes in a true PLOT AGAINST THE PRESIDENT.&#8221;
Trump was referring to a $420 million donation made by Zuckerberg and his wife Priscilla Chan during the 2020 elections for funding election infrastructure.
Zuckerberg, in a recent letter to Republican Rep. Jim Jordan (R-Ohio), indicated he would <a href="https://www.benzinga.com/24/08/40567464/mark-zuckerberg-tells-jim-jordan-he-isnt-donating-for-election-infrastructure-in-2024-my-goal-is-to">not be making similar contributions in the future</a>, due to concerns about appearing partisan. Despite allegations that his donation favored Democrats, Zuckerberg reiterated his commitment to neutrality.
See Also: <a href="https://www.benzinga.com/news/24/08/40623619/trump-vs-harris-polling-veteran-nate-silver-says-vice-president-has-97-chance-of-winning-electoral-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Polling Veteran Nate Silver Says Vice President Has 97% Chance Of Winning Electoral College if She Secures This Pivotal State</a>
Why It Matters: Trump&#8217;s criticism of Zuckerberg in his book follows a series of events that have strained their relationship. In August 2024, 
Zuckerberg recently disclosed that his company <a href="https://www.benzinga.com/general/biotech/24/08/40575260/mark-zuckerberg-reveals-biden-administration-pressured-meta-platforms-to-censor-certain-covid-19-">faced pressure</a> from senior Biden administration officials to censor certain content on its platforms during the COVID-19 pandemic. He expressed regret for not resisting the pressure sooner and vowed to resist such pressure in the future.
Earlier, in July, Trump had <a href="https://www.benzinga.com/news/24/07/39723781/trump-threatens-to-jail-metas-mark-zuckerberg-and-election-fraudsters-if-re-elected-dont-do-it-be-ca">threatened to imprison </a>Zuckerberg and other &#8220;election fraudsters&#8221; if he were re-elected. He issued the warning on his social media platform, Truth Social, and specifically named Zuckerberg in his post.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Doesn't Mince Words About Mark Zuckerberg In His New Coffee Table Book: He Would Come To the Oval Office To See Me But He Was 'Always Plotting'

In a recent interview, Vice President Kamala Harris defended her policy shifts on critical issues such as fracking and immigration, maintaining that her core values remain intact. She also dismissed former President Donald Trump&#8217;s claims about her racial identity as the &#8220;same old, tired playbook.&#8221;
What Happened: In an exclusive <a href="https://edition.cnn.com/2024/08/29/politics/kamala-harris-tim-walz-cnntv/index.html">interview</a> with CNN on Thursday, Harris provided detailed insights into her policy changes, attributing her new perspectives to her tenure as Vice President. She also expressed openness to the idea of appointing a Republican to her Cabinet if elected.
Harris emphasized that despite her policy shifts, her values remain unchanged. She pointed to the Biden administration&#8217;s Inflation Reduction Act, a significant step towards combating climate change, as a testament to her commitment to environmental issues.
See Also: <a href="https://www.benzinga.com/news/24/08/40599551/trump-vs-harris-poll-reveals-vice-president-pulling-ahead-as-rival-struggles-with-independent-voters?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris Poll Reveals Vice President Pulling Ahead As Rival Struggles with Independent Voters: Pollster Says It&#8217;s Tough For Ex-President To Maintain Advantage</a>
On the topic of immigration, Harris drew attention to her tenure as California&#8217;s attorney general, where she took a strong stand against cross-border trafficking gangs, demonstrating her consistent values.
Trump&#8217;s insinuations about Harris altering her racial identity over time were promptly dismissed by the Vice President. "Same old, tired playbook," she said. "Next question, please."
Why It Matters: This interview was Harris&#8217;s <a href="https://www.benzinga.com/general/politics/24/08/40612792/kamala-harris-to-give-first-tv-interview-since-accepting-democratic-nomination-how-and-when-to-w">first media interaction</a> since accepting the Democratic Party's nomination for president in the 2024 election. 
The interview was an opportunity for Harris to clarify her stance on key voter issues. However, it also drew criticism from Rep. Marjorie Taylor Greene (R-Ga.), who accused Harris of being <a href="https://www.benzinga.com/news/24/08/40616726/marjorie-taylor-greene-calls-kamala-harris-weak-and-incompetent-for-needing-communist-comrade-walz-t">unable to conduct her first interview independently</a> and needing the support of her running mate, Minnesota Governor Tim Walz.
The interview also provided Harris with a platform to respond to Trump&#8217;s unfounded <a href="https://www.benzinga.com/news/24/07/40087460/trump-gets-slammed-for-falsely-questioning-kamala-harris-race-its-insulting">allegations about her racial identity</a>. Trump had previously insinuated that Harris, the first Black woman and Asian American to hold the vice presidency, had only identified as Indian in the past.
Image via Shutterstock
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