Koninklijke Ahold Delhaiz Stock (OTC: ADRNY)

Koninklijke Ahold Delhaiz (OTC:ADRNY) Stock, Quote.Headers.trade-ideas

Koninklijke Ahold Delhaiz

Ahold Delhaize is the product of the July 2016 merger between Netherlands-based Ahold and Belgium's Delhaize, forming one of the largest grocers in the U.S. and a top player in many parts of Europe. The U.S. is the largest market, accounting for over 60% of group sales, with Ahold Delhaize the leading grocer on the Eastern Seaboard. The U.S. store network stretches from Maine to Georgia and includes such banners as Stop & Shop, Giant Carlisle, Giant Landover, Food Lion, Hannaford, and Peapod. The Netherlands, Belgium, and Central and Southeastern Europe, including the Czech Republic, Greece, Romania, and Serbia, account for slightly less than 40% of sales. Ahold Delhaize holds the number-one and number-two positions in these countries.

Most Active On The OTC Markets In September – A Look Back As October Comes To A Close

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These OTC Securities Had the Most Trading Activity in June

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Temperature-controlled warehouse owner Americold Realty Trust (NYSE: COLD) announced the closing of its acquisition of Agro Merchants Group, the world&#39;s fourth-largest cold storage operator.

Americold Closes On $1.74B Bid For Agro

KONINKLIJKE AD N.V. S/ADR by Koninklijke Ahold Delhaize N.V.

Koninklijke Ahold Delhaize NV

Former President Donald Trump's <a href="https://www.benzinga.com/markets/cannabis/24/08/40666944/donald-trump-supports-cannabis-legalization-in-florida-game-changer-and-huge-blow-to-ron-desanti">Saturday announcement</a> that he is throwing his support behind <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">Florida&#8217;s Amendment 3,</a> the proposed constitutional amendment that seeks to legalize recreational marijuana, elicited an immediate response from the cannabis industry. 
<a href="https://www.benzinga.com/topic/kim-rivers">Kim Rivers</a>,&nbsp;CEO of&nbsp; Florida&#8217;s largest medical marijuana company&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative" target="_blank" rel="noreferrer noopener">Trulieve</a>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>), which has been a <a href="https://www.benzinga.com/markets/cannabis/24/08/40486924/ken-griffins-12m-donation-and-desantiss-anti-cannabis-pacs-face-off-against-pro-legalization-gro">huge financial backer</a> of Amendment 3, thanked the former president Trump.
Her comments on X were followed by former Republican Party of Florida Chair&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/40085870/ron-desantis-and-gop-stalwart-feud-over-cannabis-legalization-trump-floridas-top-cops-also-weigh" target="_blank" rel="noreferrer noopener">Joe Gruters who came out in favor</a>&nbsp;of cannabis legalization over the summer. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>! "We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana."<a href="https://twitter.com/hashtag/YesOn3?src=hash&amp;ref_src=twsrc%5Etfw">#YesOn3</a> <a href="https://t.co/p5aXVSlCHQ">https://t.co/p5aXVSlCHQ</a>
&mdash; Kim Rivers (@rivers_kim) <a href="https://twitter.com/rivers_kim/status/1829895544329945322?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
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Boris Jordan, founder, chairman &amp; CEO of Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) pointed out what many have likely been thinking over the course of the past several months regarding the U.S. political landscape as we head into the <a href="https://www.benzinga.com/topic/2024-election">November 2024 elections</a>.
"This year&#8217;s election continues to be historic, and today we have two candidates who have publicly adopted pro-cannabis stances. It&#8217;s a milestone that both candidates are meeting U.S. voters where they&#8217;re at, as this is a bipartisan issue with the vast majority of Americans now in support of legalization in some form," said Jordan in a post on X. 
<h2 class="wp-block-heading">Trump Is Joining &#8216;Millions Of Americans&#8217; </h2>
"We welcome former President Trump&#8217;s comments on Amendment 3 in Florida, which would legalize adult use cannabis in the state. He joins millions of Americans who have reassessed their views on cannabis in recent years," said David Culver, SVP of Public Affairs for the US Cannabis Council in an email to Benzinga.
"Amendment 3 enjoys strong bipartisan support from Florida voters, and President Trump&#8217;s support could prove pivotal for meeting the 60% threshold required to become law. We look forward to hearing more from him about how he would approach cannabis reform if elected this November."
<h2 class="wp-block-heading">Governor Ron DeSantis?</h2>
So far no word from the governor who has been <a href="https://www.benzinga.com/markets/cannabis/24/07/39827912/ron-desantis-blasts-floridas-cannabis-legalization-ballot-at-rnc-it-would-allow-80-joints-a-day-">outspoken about his opposition</a> to legalizing marijuana in Florida.
<h2 class="wp-block-heading">What Trump Said </h2>
"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3… at the same time, someone should not be a criminal in Florida, when this is legal in so many other states. We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana," Trump wrote on his&nbsp;<a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786" target="_blank" rel="noreferrer noopener">Truth Social platform</a>&nbsp;on Saturday.
Photo: Shutterstock

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Trump's Cannabis Endorsement - Marijuana Industry Responds: 'We Have Two Candidates' Who Are Pro-Marijuana

In his new book Save America, Donald Trump threatens Facebook founder Mark Zuckerberg <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">with life imprisonment</a>.
What Happened: Trump&#8217;s book contains a direct threat aimed at Zuckerberg. The ex-president accuses the Facebook founder of conspiring against him during his tenure and issues a warning of harsh repercussions if he partakes in any unlawful activities in the forthcoming 2024 Presidential Election.
In the book, beneath a photo of Zuckerberg&#8217;s White House visit with Trump, the former president noted that Zuckerberg &#8220;would visit the Oval Office to meet me&#8221; and &#8220;often brought his very kind wife to dinners, being exceptionally pleasant, yet was simultaneously scheming to implement disgraceful Lock Boxes in a genuine plot against the President.&#8221;
&#8220;He told me there was nobody like Trump on Facebook. But at the same time, and for whatever reason, steered it against me. We are watching him closely, and if he does anything illegal this time he will spend the rest of his life in prison — as will others who cheat in the 2024 Presidential Election,&#8221; Trump said as quoted <a href="https://www.mediaite.com/news/trump-threatens-mark-zuckerberg-with-prison-for-the-rest-of-his-life-if-he-uses-facebook-to-cheat-in-2024-we-are-watching-him-closely/">by</a> Mediaite. 
In a recent correspondence with House Judiciary Committee Chairman Jim Jordan, Zuckerberg confessed that Facebook had erroneously downgraded The New York Post&#8217;s contentious story about Hunter Biden&#8217;s laptop in 2020.
Also Read: <a href="https://www.benzinga.com/news/22/09/28744962/trump-says-weirdo-mark-zuckerberg-came-to-white-house-for-dinner-with-him-last-week-1">Speaking At Rally, Trump Says &#8216;Weirdo&#8217; Mark Zuckerberg Once Came To White House For Dinner</a>
The Meta Platforms CEO acknowledged the mistake and in a statement on X, he assured that the firm has updated its policies to avert such occurrences in the future.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JUST IN &#8211; Zuckerberg regrets working with the Biden-Harris administration to censor Covid era information online. <a href="https://t.co/vD4Ug5ebqh">pic.twitter.com/vD4Ug5ebqh</a>
&mdash; Disclose.tv (@disclosetv) <a href="https://twitter.com/disclosetv/status/1828208501925257631?ref_src=twsrc%5Etfw">August 26, 2024</a></blockquote>
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This is not the first instance where Trump has issued a threat to Zuckerberg. In July, on his platform Truth Social, Trump cautioned about severe measures against those involved in election fraud, indirectly referring to Zuckerberg&#8217;s investments in election infrastructure in 2020.
Why It Matters: The relationship between Trump and Zuckerberg has been fraught with tension, particularly during and after the 2020 Presidential Election. 
Trump&#8217;s accusations of election fraud and his subsequent removal from Facebook have only added fuel to the fire. 
This latest threat in Trump&#8217;s book is a clear indication of the ongoing feud between the two, with potential implications for Facebook&#8217;s role in future elections.
Read Next
<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">Trump Threatens To Jail Meta&#8217;s Mark Zuckerberg And &#8216;Election Fraudsters&#8217; If Re-Elected</a>
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.

Social Media

Trump Warns Zuckerberg In Latest Book, Says He Could Be In Prison For The Rest Of His Life: 'We Are Watching Him Closely'

Elon Musk has suggested that his X social medial could face similar challenges in the U.S. as it did in Brazil if <a href="https://www.benzinga.com/news/24/07/39872015/teslas-elon-musk-recently-pledged-a-huge-donation-to-donald-trump-and-the-ex-president-returned-the">Kamala Harris wins the upcoming election.</a>
What Happened: Musk voiced his concern on X. He said 2024 has witnessed unparalleled attacks on free speech and that the U.S. could experience the same if Kamala Harris and her running mate, Tim Walz, come to power.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The attacks this year on free speech are unprecedented in the 21st century. It will happen in America too if Kamala/Walz gain power. Just listen to what they've said. <a href="https://t.co/TkHxCOcs1w">https://t.co/TkHxCOcs1w</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829624971909357576?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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In Brazil, the X platform encountered legal hurdles when Supreme Court Judge Alexandre de Moraes demanded the suspension of its operations.
This move was triggered after Musk reportedly declined to assign a legal representative in Brazil. Following threats to its staff, X declared on August 17 that it would close its office in Brazil.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#120143; is the most used news source in Brazil. It is what the people want. Now, the tyrant de Voldemort is crushing the people's right to free speech. <a href="https://t.co/gR8aq3JzzU">https://t.co/gR8aq3JzzU</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829778143449698764?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
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Musk earlier accused de Moraes of infringing the Constitution by attempting to block accounts of supporters of ex-President Jair Bolsonaro.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures" target="_blank" rel="noreferrer noopener">What A Second Trump Presidency Would Mean For Elon Musk And His Many Ventures</a>
De Moraes launched an investigation into allegations that Musk utilized the X platform to disseminate disinformation and destabilize democratic institutions.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They're shutting down the #1 source of truth in Brazil <a href="https://t.co/RasqcQ3ySM">https://t.co/RasqcQ3ySM</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829628052646564181?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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Why It Matters: The potential implications of this prediction are significant. If Musk&#8217;s predictions come to pass, it could mean a major shift in the landscape of social media platforms in the U.S. 
The X platform, which has been a major player in the social media space, could face legal and operational challenges similar to what it experienced in Brazil. 
This could impact the platform&#8217;s user base, revenue, and overall standing in the market. It also raises questions about the future of free speech and the role of social media platforms in political discourse.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40542027/elon-musk-asks-on-x-what-party-do-you-affiliate-with">Elon Musk Asks On X: What Party Do You Affiliate With?</a>

Tech

Elon Musk Says Kamala Harris Win Could Mean Trouble For X: 'It Will Happen In America Too If Kamala/Walz Gain Power'

The U.S. housing market has been tumultuous <a target="_blank" href="https://www.benzinga.com/economics/24/08/40259694/housing-inches-toward-buyers-market-as-mortgage-rates-fall-but-with-one-caveat-report" rel="noreferrer noopener">due to persistent interest rate hikes</a>.
However, an upward revision of<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"> U.S. gross domestic product growth</a> in the second quarter has led speculators to reconsider their bets on a substantial 50-basis-point&nbsp;<a href="https://www.benzinga.com/markets/equities/24/08/40627044/us-dollar-oil-prices-tech-stocks-rise-as-gdp-roars-by-3-in-q2-bonds-yen-slip-as-bets-for-large-r" target="_blank" rel="noreferrer noopener">rate cut next month.</a>
With mortgage rates expected to decrease, experts advise homebuyers to act swiftly to secure the best deals before the opportunity closes.
Looking ahead, several dynamic trends are set to shape the housing market.
According to a <a href="https://www.noradarealestate.com/blog/housing-market-forecast-for-next-5-years/" target="_blank" rel="noreferrer noopener">note</a> by Norada Real Estate Investments, the market will remain strong over the next five years, though it will experience some dramatic shifts. Home prices are projected to continue rising, but at a slower pace than in recent years, offering a more gradual increase. While the supply of homes is expected to grow, addressing the previous shortage should ease the inventory crunch that has driven prices up.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40230627/a-ton-of-landlords-are-about-to-raise-rents-this-year" rel="noreferrer noopener">A Ton Of Landlords Are About To Raise Rents This Year</a>
Despite the Federal Reserve&#8217;s past rate hikes raising borrowing costs and dampening buyer enthusiasm, a gradual rate decline could rekindle demand and revitalize the market.
However, competition will remain fierce due to robust job growth, population expansion, and limited land availability.
<h3 class="wp-block-heading">2024 Forecast</h3>
The U.S. housing market is anticipated to slow, with home prices either stabilizing or seeing a slight decline. Zillow&#8217;s latest forecast for 2024 projects a 1.8% national increase in home values, indicating a period of market stability, Norada Real Estate Investments added.
Stock Opportunities
As home prices are expected to remain stable or increase modestly, homebuilders are likely to benefit from sustained demand and favorable conditions. This stability should support their revenue growth through ongoing construction and sales.
According to a June report by the<a href="https://www.nahb.org/blog/2024/06/pro-builder-housing-giants"> National Association of Home Builders</a>, the top three homebuilders by revenue, closings, and home types are:
<ul>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>): DHI stock has surged over 58% in the past year. Wells Fargo recently raised its <a href="https://www.benzinga.com/quote/DHI/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast </a>to $220 from $210 while maintaining an Overweight rating. Investors can consider the iShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) for exposure.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>): LEN stock has risen more than 52% in the past year. Wells Fargo increased its price forecast to $195 from $185, also maintaining an <a href="https://www.benzinga.com/quote/LEN/analyst-ratings" target="_blank" rel="noreferrer noopener">Overweight </a>rating. The AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) offers a way to invest in Lennar.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>): TOL stock has jumped over 75% in the past year. Wedbush raised its<a href="https://www.benzinga.com/quote/TOL/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast</a> to $148 from $120, keeping a Neutral rating. The Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEZ#NASDAQ">PEZ</a>) provides investment exposure.</li>
</ul>
Overall, the U.S. housing market is poised for stability this year, with modest price increases and benefits for homebuilders. Prices are projected to rise 3-5% annually through 2029, while mortgage rates are expected to stabilize above pre-pandemic levels, Norada reported. This evolving landscape, marked by a shift towards suburban and rural demand and technological advancements, will require buyers and investors to remain informed and adaptable, the report added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40649198/housing-market-in-biggest-bubble-of-all-time-warns-reventure-ceo-this-situation-is-not-sustainable" target="_blank" rel="noreferrer noopener">Housing Market In &#8216;Biggest Bubble Of All Time,&#8217; Warns Reventure CEO: &#8216;This Situation Is Not Sustainable&#8217;</a></li>
</ul>

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iShares Dow Jones US Homenstruction Index Fund

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Rate Cuts Coming: Is It The Perfect Time For Homebuyers To Strike Big Deals?

The contentious Donald Trump biopic &#8220;The Apprentice&#8221; is scheduled for release <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">in the U.S. just ahead of the election.</a>
The Hollywood Reporter <a href="https://www.hollywoodreporter.com/movies/movie-news/trump-film-the-apprentice-release-date-awards-campaign-1235984424/" target="_blank" rel="noreferrer noopener">reports</a> that the film, which debuted at the Cannes Film Festival, will hit theaters in the U.S. on October 11, less than a month before the election.
In June, it was announced that the 80s-set drama was acquired by Briarcliff Entertainment, a relatively small company known for films like the Liam Neeson thrillers &#8220;Memory&#8221; and &#8220;The Marksman&#8221; and Michael Moore&#8217;s 2018 anti-Trump film &#8220;Fahrenheit 11/9,&#8221; <a href="https://www.theguardian.com/film/article/2024/aug/30/trump-apprentice-biopic" target="_blank" rel="noreferrer noopener">reported</a> The Guardian.
The distributor is now reportedly planning a limited festival run prior to the release, as well as an awards campaign.
Also Read:<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/05/38946127/trump-movie-director-claps-back-at-criticism-lawsuit-threats-no-nice-metaphorical-way-to-de" rel="noreferrer noopener"> Trump Movie Director Claps Back At Criticism, Lawsuit Threats: &#8216;No Nice Metaphorical Way To Deal With Fascism&#8217;</a>
The film features Sebastian Stan portraying Trump under the mentorship of Roy Cohn, played by Jeremy Strong, set in 1980s New York City.
Directed by Iranian filmmaker Ali Abbasi, known for his controversial thriller &#8220;Holy Spider&#8221; that led to death threats against lead actor Zar Amir Ebrahimi, the film promises a provocative take on its subject.
The film received a mixed reception following its premiere in May.
Peter Bradshaw of The Guardian labeled it as &#8220;obtuse and irrelevant,&#8221; while Owen Gleiberman from &#8220;Variety&#8221; commended it as &#8220;sharp and scathing.&#8221;
It also attracted significant attention for a controversial scene depicting Trump assaulting his then-wife Ivana, played by Maria Bakalova.
Trump&#8217;s legal team issued a cease-and-desist letter to the filmmakers, labeling the movie as &#8220;malicious defamation.&#8221;
During their 1990 divorce proceedings, Ivana Trump had initially accused him of sexual assault, though she later retracted the claim. Since the 1970s, at least 26 women have accused Trump of sexual assault or harassment, all of which he has denied, The Guardian added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="http://The contentious Donald Trump biopic 'The Apprentice' is scheduled for release in the US just ahead of the election. The Hollywood Reporter reports that the film, which debuted at the Cannes Film Festival, will hit theaters in the US on October 11, just weeks before the election. In June, it was announced that the 80s-set drama was acquired by Briarcliff Entertainment, a relatively small company known for films like the Liam Neeson thrillers Memory and The Marksman and Michael Moore's 2018 sequel Fahrenheit 11/9, reported The Guardian. The distributor is now reportedly planning a limited festival run prior to the release, as well as an awards campaign. Also Read: Trump Movie Director Claps Back At Criticism, Lawsuit Threats: 'No Nice Metaphorical Way To Deal With Fascism' The film features Sebastian Stan portraying Trump under the mentorship of Roy Cohn, played by Succession's Jeremy Strong, set in 1980s New York City. Directed by Iranian filmmaker Ali Abbasi, known for his controversial thriller Holy Spider that led to death threats against lead actor Zar Amir Ebrahimi, the film promises a provocative take on its subject. The film received a mixed reception following its premiere in May. Peter Bradshaw of The Guardian labeled it as &quot;obtuse and irrelevant,&quot; while Owen Gleiberman from Variety commended it as &quot;sharp and scathing.&quot; It also attracted significant attention for a controversial scene depicting Trump assaulting his then-wife Ivana, played by Maria Bakalova. Trump's legal team issued a cease-and-desist letter to the filmmakers, labeling the movie as &quot;malicious defamation.&quot; During their 1990 divorce proceedings, Ivana Trump had initially accused him of sexual assault, though she later retracted the claim. Since the 1970s, at least 26 women have accused Trump of sexual assault or harassment, all of which he has denied, The Guardian added. Read Next: Trump Campaign Threatens Legal Action Over Controversial New Biopic About Ex-President That Received 8-Minute Ovation At Cannes: 'Pure Malicious Defamation'">Trump Campaign Threatens Legal Action Over Controversial New Biopic About Ex-President That Received 8-Minute Ovation At Cannes: &#8216;Pure Malicious Defamation&#8217;</a></li>
</ul>
Photo: Shutterstock

Media

Trump Biopic 'The Apprentice' To Hit Theaters Soon Amid Legal Threats and Polarized Reviews

Mark Cuban, the billionaire entrepreneur, recently stirred up a conversation on social media platform X by asking his followers to choose between Kamala Harris and Donald Trump as role models for children.
What Happened: On Saturday, Cuban, owner of the Dallas Mavericks, posted a poll on his X account asking, &#8220;Who's persona and character would you like to see young children grow up to have: Kamala Harris or Donald Trump?&#8221; At the time of writing, Trump led the poll with 63.9% of the 538,770 votes.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Who's persona and character would you like to see young children grow up to have:
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1829677319054897617?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
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The poll has sparked a lively debate among Cuban&#8217;s followers, with many expressing their views on the two public figures. The poll remains open, and the final results are yet to be seen.
Also Read:&nbsp;<a href="https://www.benzinga.com/top-stories/24/06/39241650/heres-how-mark-cuban-made-91-of-his-employees-millionaires" target="_blank" rel="noreferrer noopener">Here's How Mark Cuban Made 91% Of His Employees Millionaires</a>
Why It Matters: Cuban&#8217;s poll comes at a time when the nation is deeply divided over political and social issues. 
The choice between Harris and Trump represents the stark contrast in political ideologies and leadership styles that exist in the country.
While Cuban did not provide any context for the poll, it has nonetheless sparked a conversation about the qualities we value in our leaders and role models. 
The high participation in the poll indicates the public&#8217;s interest in such discussions.
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Mark Cuban Asks His 8M X Followers About Whose Character Would They Like Young Children To Grow Up Emulating Between Trump And Harris: Cuban Receives Half A Million Responses, Majority Supporting This Candidate

The latest polls indicate that Kamala Harris is either leading or tied <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">with Donald Trump</a> in key swing states.
What Happened: According to a recent poll by Morning Consult and Bloomberg, conducted from August 23 to 27, Harris leads by 2 points in Georgia and North Carolina, 3 points in Michigan, 4 points in Nevada and Pennsylvania, and a significant 8 points in Wisconsin. The two candidates are tied in Arizona.
By contrast, a poll in July showed Trump leading President Joe Biden in all these states except for Michigan and Wisconsin. The recent results are a positive sign for Harris as the campaign enters its crucial phase.
Also Read:&nbsp;<a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Donald Trump's Divisive Tactics Will Lead To ‘The First African-American Woman President'</a>
Harris&#8217;s lead in Pennsylvania is especially noteworthy due to the state&#8217;s crucial role in the Electoral College. 
<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">New Bloomberg/Morning Consult polls, via <a href="https://twitter.com/playbookdc?ref_src=twsrc%5Etfw">@playbookdc</a>: Wisconsin Harris 52 Trump 44 Pennsylvania Harris 51 Trump 47 Nevada Harris 49 Trump 45 Michigan Harris 49 Trump 46 NC/Georgia Harris 49 Trump 47 Arizona Harris 48 Trump 48 Averages not as good. PA lead worth watching. <a href="https://t.co/1iaRkliFZg">pic.twitter.com/1iaRkliFZg</a>
&mdash; Greg Sargent (@GregTSargent) <a href="https://twitter.com/GregTSargent/status/1829488849556537356?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
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Elections analyst Nate Silver&#8217;s electoral forecast model had recently shifted in favor of Trump, attributing the shift to Pennsylvania. However, the latest polls showing Harris leading in the state could indicate a potential change in the race dynamics.
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Why It Matters: The shift in poll results comes at a critical time in the election cycle. Harris&#8217;s lead in key swing states could potentially impact the overall outcome of the election. 
The change in Pennsylvania&#8217;s electoral forecast is particularly significant, as the state plays a pivotal role in the Electoral College. 
The recent poll results may indicate a shift in voter sentiment, potentially altering the course of the election.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
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.

Trump Vs Harris: New Polls Reveal This Candidate Is Outperforming In Swing States

Esther Crawford became an internet sensation when a photo of her sleeping in Twitter's office went viral during the chaotic days after Elon Musk took over the company in 2022. The image symbolized the intense work culture that Musk imposed, where employees were expected to work around the clock. But while the photo made Crawford look like the poster child for Musk's "hardcore" work ethic, the reality was much more complicated.
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Crawford, who was a director at Twitter, publicly embraced the long hours and grueling demands, even joking about her photo on social media. Nevertheless, behind the scenes, she was honestly and seriously worried about the toll this work culture was taking on her team.
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According to a story adapted from &#8220;Character Limit: How Elon Musk Destroyed Twitter,&#8221; a new book about Musk's takeover, Crawford privately told Musk that she didn't want her team pushed to the point of collapse. "I don't want to push the team to die over this," she reportedly said.
Musk's response? He allegedly laughed and said, "Well, push them to just before they die."
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For anyone familiar with how Musk runs things, his response is surprising yet typical. Since he took over Twitter, he&#8217;s shown that he <a href="https://www.benzinga.com/news/23/09/34355088/heres-how-twitters-fearful-staff-handled-elon-musks-overwhelming-demands">expects employees to go all out</a>, even if it means sacrificing their personal lives. Workers were pushed to commit to a very intense work environment, with some even sleeping in the office and attending late-night meetings to hit tight deadlines.
&#8220;Twitter often felt like a place that kept squandering its own potential,&#8221; <a href="https://www.benzinga.com/news/23/07/33411964/from-all-nighters-to-lay-offs-ex-twitter-pm-reveals-wild-ride-with-elon-musk">Crawford said in a 2023 post</a>. She was &#8220;cautiously optimistic&#8221; and shared that although she didn't know much about Musk, she saw him as the guy who built incredible and enduring companies like Tesla and SpaceX and thought that perhaps his private ownership could shake things up and breathe new life into the company.
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Recently, though, <a href="https://www.benzinga.com/news/24/08/40540569/elon-musks-x-staff-have-to-justify-why-they-deserve-stock-grants-with-1-page-summary-of-their-contri">Musk increased the pressure on X employees</a> by making them justify their contributions to the company to get their stock options, according to The Verge. Now, employees have to write a one-page summary of their work to qualify for stock grants, which has only added to the already tense atmosphere at the company.
While Crawford&#8217;s viral photo painted a picture of someone who was fully on board with Musk's vision, the reality was that she was concerned about the well-being of her team. Despite her dedication, <a href="https://www.benzinga.com/news/23/02/31063213/from-the-floor-to-the-door-elon-musk-reportedly-fires-twitters-sleeping-bag-lady-in-another-round-of">she was eventually laid off</a> in early 2023, along with many others who had remained loyal during Musk's tumultuous takeover.
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Startups

She Went Viral For Sleeping In Twitter's Office But Told Elon Musk 'I Don't Want To Push The Team To Die' — His Answer? Shocking But Expected

Mary Trump, the niece of Donald Trump, has made a public statement to <a href="https://www.benzinga.com/news/24/08/40429962/mary-trump-donalds-narcissistic-injury-is-so-great-that-he-has-essentially-stopped-campaigning">her uncle through a unique medium</a>.
What Happened: In a post on X, Mary Trump has released a video montage that she refers to as a &#8220;letter&#8221; to her uncle. The video post, dubbed &#8220;DNC Epilogue,&#8221; features snippets from the Democratic National Convention (DNC) and includes Mary Trump&#8217;s endorsement of Kamala Harris for president.
She also dismisses the idea of Donald Trump returning to the White House as &#8220;delusional.&#8221;
Mary Trump, a vocal critic of her uncle and author of a book about him and their family, has described him as &#8220;utterly incapable of leading this country.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just dropped a DNC epilogue video with some Breakfast Club vibes. It's a letter to Donald—spoiler: he&#39;s not the hero here. If you&#39;re done with his nonsense, give it a watch. Let's keep exposing his lies. <a href="https://twitter.com/hashtag/DNC?src=hash&amp;ref_src=twsrc%5Etfw">#DNC</a> <a href="https://twitter.com/hashtag/TruthMatters?src=hash&amp;ref_src=twsrc%5Etfw">#TruthMatters</a> <a href="https://twitter.com/hashtag/BreakfastClubStyle?src=hash&amp;ref_src=twsrc%5Etfw">#BreakfastClubStyle</a> <a href="https://t.co/xuveDQEj9w">pic.twitter.com/xuveDQEj9w</a>
&mdash; Mary L Trump (@MaryLTrump) <a href="https://twitter.com/MaryLTrump/status/1829161806935536082?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
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Her video montage also carries a message from her media team to her uncle, expressing their dedication to getting Harris elected and ensuring that Donald Trump never holds power again.
Also Read: <a href="https://www.benzinga.com/news/24/08/40541951/mary-trump-offers-debate-strategy-for-kamala-harris-let-people-see-what-a-petty-small-insecure-weak">Mary Trump Offers Debate Strategy For Kamala Harris: Let People &#8216;See What A Petty, Small, Insecure, Weak Man Donald Trump Really Is&#8217;</a>
In response to the video, Steven Cheung, Trump&#8217;s campaign communications director, suggested that Mary Trump should seek help for &#8220;Trump Derangement Syndrome.&#8221;
Meanwhile, Mary Trump&#8217;s new book, Who Could Ever Love You: A Family Memoir, has delved into her personal struggle with despair and her subsequent journey to ketamine therapy, a journey she attributes to the chaotic political career of her uncle.
In the book Mary Trump shares her experiences as a Trump family member, including her uncles and aunts&#8217; efforts to disinherit her and the family&#8217;s legal disputes.
She also sheds light on her role as a source for New York Times reporters who unveiled the Trump family&#8217;s tax affairs in 2018.
Mary Trump&#8217;s struggle with her family&#8217;s legacy led her to seek intensive trauma treatment and eventually to ketamine therapy. Despite the obstacles, she expresses a desire to live and continue contributing to the national discourse about her notorious uncle.
"I'm here because five years ago, I lost control of my life," Mary Trump writes in her memoir, describing ketamine treatment undertaken in . "I'm here because the world has fallen away and I don't know how to find my way back. "I'm here because&nbsp;Donald Trump&nbsp;is my uncle."
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Mary Trump&#8217;s first book, Too Much and Never Enough: How My Family Created the World's Most Dangerous Man, released in 2020, was a bestseller.
Why It Matters: Mary Trump&#8217;s video montage is a bold move, further escalating her public criticism of her uncle. Her endorsement of Kamala Harris and dismissal of Donald Trump&#8217;s potential return to power are clear indications of her political stance. The video also underscores her commitment to prevent Donald Trump from regaining power, a sentiment echoed by her media team.
Steven Cheung&#8217;s response to the video suggests that the Trump campaign is not taking Mary Trump&#8217;s criticisms lightly. The use of the term &#8220;Trump Derangement Syndrome&#8221; indicates a dismissive attitude towards her views, further fueling the public discourse around the Trump family dynamics.
As the political landscape continues to evolve, Mary Trump&#8217;s outspoken stance against her uncle is likely to remain a significant point of discussion.
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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.

Mary Trump Shares Video 'Letter' To Uncle Donald Trump, Also Says He Pushed Her To Ketamine Therapy In New Book

In just two years, Story Protocol&#8217;s startup has skyrocketed to a valuation of $2.25 billion by tackling a timely issue: protecting creators&#8217; rights in the age of artificial intelligence (AI). The company recently raised $80 million in a funding round led by venture capital giant <a href="https://www.benzinga.com/topic/a16z">Andreessen Horowitz (a16z crypto)</a>.
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AI systems, which need large amounts of data to function, increasingly pull content from the internet – often without the creators' permission. Story Protocol, developed by Palo Alto-based PIP Labs, uses blockchain technology to allow creators to establish ownership of their work, set rules for how it can be used, and ensure they get paid when their content is utilized.
&#8220;We are building the programmable intellectual property layer for the age of generative AI,&#8221; SY Lee, co-founder and CEO of PIP Labs, told Bloomberg. &#8220;Every single IP is a massive asset class. It can be your voice, characters, music pieces, anything that's a creative output.&#8221;
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Seung Yoon Lee, a South Korean entrepreneur, started his journey in his early 20s when he cofounded Radish Fiction, a mobile fiction app, in 2016. Now in his early 30s, Lee is already a well-known figure in the startup world. Despite still being considered young in Korea&#8217;s culture, he&#8217;s made a huge impact by growing the value of Story Protocol to an impressive $2.25 billion in just a few years.
The funding round, which also included investments from Polychain Capital, Stability AI&#8217;s Scott Trowbridge, and digital art collector Cozomo de' Medici, brings PIP Labs' total to $140 million. The company plans to use the funds to support developers and creators and further research into <a href="https://www.benzinga.com/tech/24/07/39825080/patent-law-cant-keep-up-with-ais-pace-of-change-creating-massive-risk-and-massive-opportunity">IP protection</a>.
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We can already see practical applications of Story Protocol's tech in its partnership with Magma. Fans can create scenes from their favorite video games on this art platform without worrying about copyright infringements.&nbsp;
Once artists register their artwork with Story Protocol, they can monitor and manage how it&#8217;s used across different platforms, including social media and websites. This ensures they get paid for their work and that any changes or new versions of their art follow the rules they've set.
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&#8220;Without great original IP, the AI models don't develop,&#8221; Lee explained, emphasizing the importance of protecting creators' work. &#8220;<a href="https://www.benzinga.com/news/24/01/36661108/salesforce-ceo-marc-benioff-highlights-ai-companies-using-media-content-without-permission">AI is taking</a>, <a href="https://www.benzinga.com/news/24/03/37723844/they-stole-everything-elon-musks-war-with-openai-heats-up-after-soras-data-sourcing-doubts-emerge-in">stealing data without consent</a>, and benefiting from it without sharing the rewards with the original creators. It&#8217;s inadvertently suicide (for creative content) in the long run.&#8221;
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Two-Year-Old Startup Uses Blockchain To Battle AI Copyright Theft And Surpasses $2B In Valuation

By <a href="https://www.benzinga.com/author/todd-harrison" target="_blank" rel="noreferrer noopener">Todd Harrison</a> via <a href="https://substack.com/@toddharrison" target="_blank" rel="noreferrer noopener">Cannabis Confidential</a> (August 31)
Former President Donald Trump said on Saturday that he believes voters in his home state of Florida will approve a marijuana legalization initiative on the November ballot, arguing that "someone should not be a criminal in Florida when it&#8217;s legal in so many other States." <a href="https://www.marijuanamoment.net/trump-supports-florida-marijuana-legalization-ballot-measure-but-wants-lawmakers-to-ban-public-smoking/">Read More</a> (and see below)
<a href="https://toddharrison.substack.com/p/make-america-green-again">Make America Green Again</a> (May 22, 2024)
<a href="https://toddharrison.substack.com/p/the-trump-card?utm_source=publication-search">The Trump Card</a> (July 16, 2024)
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3… at the same time, someone should not be a criminal in Florida, when this is legal in so many other states. We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana." Former President Donald Trump 8/31/24
</blockquote>
Full Statement
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d4dcd79-90d0-40e4-860b-8d9e5deb78e2_680x341.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d4dcd79-90d0-40e4-860b-8d9e5deb78e2_680x341.jpeg" alt="Image" title="Image" /></a></figure>
Former Chairman of the Florida Republican Party <a href="https://x.com/JoeGruters">Joe Gruters</a>:
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fba751ab1-1833-4dc6-a94f-06b84e421ed0_1179x1853.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fba751ab1-1833-4dc6-a94f-06b84e421ed0_1179x1853.jpeg" alt="Screenshot 2024-08-31 at 1.48.08 PM.jpeg" title="Screenshot 2024-08-31 at 1.48.08 PM.jpeg" /></a></figure>
Other headlines and notable reactions &#x1f447;
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1e199d2-cbbc-4636-9813-f85b993d1bdf_1179x1507.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1e199d2-cbbc-4636-9813-f85b993d1bdf_1179x1507.jpeg" alt="Screenshot 2024-08-31 at 1.45.22 PM.jpeg" title="Screenshot 2024-08-31 at 1.45.22 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3a06df84-9deb-4e4e-b235-e076ebf60b3d_1179x1210.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3a06df84-9deb-4e4e-b235-e076ebf60b3d_1179x1210.jpeg" alt="Screenshot 2024-08-31 at 1.45.44 PM.jpeg" title="Screenshot 2024-08-31 at 1.45.44 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8cf630c9-d86a-4455-87ce-d2a53bf95538_1179x1763.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8cf630c9-d86a-4455-87ce-d2a53bf95538_1179x1763.jpeg" alt="Screenshot 2024-08-31 at 1.45.01 PM.jpeg" title="Screenshot 2024-08-31 at 1.45.01 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5d7b4aa3-4448-40fe-b957-7b56f198c465_1179x999.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5d7b4aa3-4448-40fe-b957-7b56f198c465_1179x999.jpeg" alt="Screenshot 2024-08-31 at 1.47.50 PM.jpeg" title="Screenshot 2024-08-31 at 1.47.50 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdffbc403-437d-4a39-ac36-154159e6bf5c_1179x1428.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdffbc403-437d-4a39-ac36-154159e6bf5c_1179x1428.jpeg" alt="Screenshot 2024-08-31 at 2.13.50 PM.jpeg" title="Screenshot 2024-08-31 at 2.13.50 PM.jpeg" /></a></figure>
<figure class="wp-block-image"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d2add47-16d4-43b1-9b64-1c2474cd1735_1179x737.jpeg" target="_blank" rel="noreferrer noopener"><img decoding="async" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d2add47-16d4-43b1-9b64-1c2474cd1735_1179x737.jpeg" alt="Screenshot 2024-08-31 at 1.46.03 PM.jpeg" title="Screenshot 2024-08-31 at 1.46.03 PM.jpeg" /></a></figure>
<a href="https://toddharrison.substack.com/p/fast-and-furious?utm_source=publication-search">Project Right Now</a>
Lest this note finds its way to the screens of either political campaign, we'll share the logic and reasoning on why U.S. cannabis must wiggle away from the War on Drugs:
Popularity: An overwhelming majority of American adults (78%) support the legalization of cannabis, recognizing its economic, medical, and social benefits, and 91% of the U.S. population supports legalizing cannabis in some form (Pew).
Economic: U.S. cannabis employs 500K Americans in state-legal jobs (Vangst) who sold $29B worth of product last year, which is estimated to grow to $37B by 2027 (Cowen).
Health Benefits: Legal canna provides patients with access to medical cannabis that helps manage conditions such as chronic pain, epilepsy, and anxiety, and thereby "improving quality of life." (Harvard). (<a href="https://www.cb1cap.com/researchailment">broader list of indications here</a>)
The U.S. Dept of Health and Human Services has already <a href="https://toddharrison.substack.com/p/breaking-news-hhs-calls-to-move-cannabis?utm_source=publication-search">recommended</a> changing the legal status of cannabis-based on overwhelming support for medical benefits.
Wellness: Opioid Use/Overdose: States with legal cannabis saw reductions in opioid prescriptions, use and overdose deaths, suggesting that it's a safer alternative for pain management (AMA).
Teens/Underage Use: Legalization doesn&#8217;t lead to increased cannabis use among teens as regulated markets ensure better control over sales and reduce access for minors (NIDA).
Criminal Justice: We can't replace the lost time for those who have been or remain locked up for non-violent cannabis offenses, but we can get the country back on the right side of history.
Over 40,000 people are currently incarcerated for non-violent cannabis offenses in the U.S., with racial disparities disproportionately affecting people of color (LPP).
Citizen Safety: As the federal government continues to impose onerous and arguably illegal taxes on state-legal operators, the illicit market has proliferated, supporting violent, organized <a href="https://www.propublica.org/article/chinese-organized-crime-us-marijuana-market">Chinese crime rings</a>.
Have a safe journey and please <a href="https://joelpollack.com/">enjoy responsibly</a>.
If you'd like to help Mission [Green] change federal cannabis policies, please <a href="https://www.projectmissiongreen.org/donate">click here.</a>
CB1 has positions in / advises some of the companies mentioned and nothing contained herein should be considered advice.
This article is from an external unpaid contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.
Photo: Gage Skidmore from Peoria, AZ, United States of America, <a href="https://creativecommons.org/licenses/by-sa/2.0">CC BY-SA 2.0</a>, via Wikimedia Commons, edited by El Planteo.

Trump Goes To Bat For U.S. Cannabis: Criminalization 'Ruins Lives, Wastes Taxpayer Dollars'

August saw the <a href="https://www.benzinga.com/news/earnings/24/08/40648231/wall-street-poised-for-strong-start-as-inflation-data-looms-strategist-says-brace-for-volatile-fall">equity market make good the losses</a> it experienced post its mid-July peak, with earnings and benign data helping the fightback. With August in the rearview mirror, here&#8217;s a look at the leaders and laggards among the S&amp;P 500 Index, a broader gauge of market performance.
3-Part Trend: The month&#8217;s trading could be characterized as a tale of three trends. Stocks extended the weakness into August, with the S&amp;P 500 bottoming on Aug. 5, coinciding with the collapse of the global equity markets. The unwinding of the yen carry trades due to the yen&#8217;s strength perked up risk aversion, sending Japanese stocks into a tailspin, and the reverberations became evident elsewhere.
The S&amp;P 500 Index fell 4.3% intraday on Aug. 5, which happened to be a Monday. The collapse was promptly dubbed Black Monday 2.0 to differentiate it from the Black Monday crash of Oct. 1987. The CBOE Volatility Index, commonly called VIX, more than doubled to 65.73 intraday before pulling back. 
On a positive note, the S&amp;P 500 closed off the lows of the day and was down a more modest 3% by the close.
The market saw a steady recovery from the low through Aug. 22, thanks to a slew of catalysts that reinforced expectations that the Federal Open Market Committee would begin cutting rates at its September meeting.
The strong and rapid recovery pushed traders on the defensive, and the market has been moving sideways since then. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="819" height="630" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png" alt="" class="wp-image-524474" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png 819w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-300x231.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-768x591.png 768w" sizes="(max-width: 819px) 100vw, 819px" /></figure>
Source: Yahoo Finance
For August, the S&amp;P 500 Index gained 2.28%, ending the month at 5,648.40, off its record closing high of 5,667.20 hit on July 16.
See Also: <a href="https://www.benzinga.com/money/best-growth-stocks">Best Growth Stocks Right Now</a>
The Leaders: None of the Magnificent seven stocks, which have been spearheading the broader market uptrend since the start of the 2023, made it to the list of the top 10 gainers. The list featured two cybersecurity companies, namely CrowdStrike Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Fortinet, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>). CrowdStrike was rebounding from its global-outage-induced slump seen since July 19. 
Fortinet was helped by a strong post-earnings rally.
Two household and personal care products companies also made the cut, while a management change did the truck for coffee chain Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
The top 10 gainers for the month are:
<ul>
<li>Packaged food company Kellanova&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) (+38.62%) (upside primarily due to the rumors of a buyout by privately-held Mars and the subsequent confirmation of the deal)</li>
<li>Fortinet (+32.17%)</li>
<li>Starbucks (+26.52%)</li>
<li>Axon Enterprise, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) (+21.65%); Much of the gains stemmed from a post-earnings bump seen on Aug.7)</li>
<li>Clorox Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) (+21.02%)</li>
<li>CrowdStrike (+19.54%)</li>
<li>Kenvue Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) (+19.88%)</li>
<li>Best Buy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) (+16.04%)</li>
<li>Arch Capital Group Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NYSE">ACGL</a>) (+18.07%)</li>
<li>Progressive Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) (+17.78%)</li>
</ul>
The Laggards: Artificial intelligence server manufacturer Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), which had a dream run after its inclusion in the S&amp;P 500 Index, plummeted following a short report and the delay flagged by the company in filing its 10-K report. Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), which is fraught with fundamental risk, was also one of the worst performers for the month.
A few retailers ended up in the list of the top 10 S&amp;P 500 decliners for August.
The top 10 losers for the month are:
<ul>
<li>Super Micro (-37.62%)</li>
<li>Moderna, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) (-35.08%)</li>
<li>Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) (-31.08%)</li>
<li>Intel (-27.86%)</li>
<li>Walgreens Boots Alliance, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) (-20.19%)</li>
<li>Dollar Tree, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) (-19.02%)</li>
<li>Charles River Laboratories International, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) (-18.99%)</li>
<li>Airbnb, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) (-15.94)</li>
<li>Bath &amp; Body Works, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) (-15.80%)</li>
<li>Etsy, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) (-15.43%)</li>
</ul>
Earnings reactions triggered the weakness seen in some of these stocks, including Intel, and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40139012/moderna-stock-trading-lower-on-dismal-guidance-analysts-cuts-price-targets-noting-c">Moderna, which reduced its full-year forecast.</a>
With the Fed all but decided on a September rate cut, some of these beaten-down stocks, especially those in the retail space, could stage a turnaround. 
The SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the S&amp;P 500 Index, ended Friday&#8217;s session up 0.95% at $563.68, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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ABNB

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Magnificent 7 Miss Out, 2 Cybersecurity Stocks Stand Firm, Retailers Lag In Volatile August: Here Are The Top S&P 500 Gainers And Losers

Insiders at Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) owned social media platform Truth Social have started <a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy">offloading their shares</a>.
Meanwhile, Donald Trump is still waiting for his opportunity to cash in on his stake in the social media company.
What Happened: Executives at Truth Social have initiated the sale of their shares. The social media platform began trading on NASDAQ following its merger with Digital World Acquisition Corp. in late March. Despite an initial valuation of over $3.8 billion and a share price of $57.99, the company&#8217;s stock has since taken a nosedive to $19.60.
Trump currently owns more than 114 million shares&nbsp;in Trump Media, a stake valued at about $2.5 billion. The company trading under the ticker DJT, is unable to liquidate his shares until Sept. 25 due to a lock-up period rule, as per SEC filings. 
As <a href="https://fortune.com/2024/08/30/trump-truth-social-stock-insider-sales/">per</a> a report by Fortune, other insiders, including Trump Media&#8217;s CFO Phillip Juhan and CEO Devin Nunes, have already begun selling their shares.
Also Read: <a href="https://www.benzinga.com/news/24/08/40544031/donald-trump-says-fox-news-called-him-for-dnc-interview-brands-himself-ratings-machine">Donald Trump Says Fox News Called Him For DNC Interview, Brands Himself &#8216;Ratings Machine&#8217;</a>
Robert R. Johnson, a finance professor at Creighton University, told Fortune that the stock price of Truth Social is largely disconnected from the company&#8217;s financial reality.
In Q1 2024, the company reported a staggering loss of $327 million on revenues of a mere $770,500.
While Trump could potentially sell his shares by Sept. 20 if the share price remains steady, it&#8217;s unlikely he would sell his entire stake considering the potential impact on the stock&#8217;s value and his political supporters who are also shareholders.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref" target="_blank" rel="noreferrer noopener">Trump Vs Harris: Kamala Harris Takes 8-Point Lead In New Poll, With Race And Gender Shaping Voter Preferences</a>
Why It Matters: The selling of shares by Truth Social executives raises questions about the company&#8217;s future. The stock&#8217;s drastic decline and the company&#8217;s significant Q1 loss indicate a disconnect between the company&#8217;s financial reality and its stock price. 
This discrepancy, along with the impending end of Trump&#8217;s lock-up period, could potentially lead to further instability in the company&#8217;s stock price. 
The situation is further complicated by the fact that many of Trump&#8217;s political supporters are also shareholders, adding a layer of political implications to any potential sell-off.
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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.

Emerging Markets

Donald Trump's Billions On Hold As Insiders Sell Off Truth Social Shares

Researchers are now suggesting that a drug for Type 2 diabetes and obesity <a href="https://www.benzinga.com/markets/equities/24/07/39745003/novo-nordisks-miracle-weight-loss-drug-ozempic-linked-to-48-lower-risk-of-dementia-study-finds" target="_blank" rel="noreferrer noopener">might actually have anti-aging powers</a>.
Harlan Krumholz of the Yale School of Medicine declared that semaglutide, marketed as Ozempic, could be a game-changer with benefits far beyond our wildest dreams after several groundbreaking studies revealed its unexpected potential, <a href="https://www.bbc.com/news/articles/ce81j919gdjo" target="_blank" rel="noreferrer noopener">reported</a> BBC.
Researchers have discovered that the drug might tackle a broad spectrum of ailments, including heart failure, arthritis, Alzheimer&#8217;s and even cancer.
&#8220;It wouldn&#8217;t surprise me that improving people&#8217;s health this way actually slows down the ageing process,&#8221; Krumholz remarked at the European Society of Cardiology Conference 2024 on Friday, where the groundbreaking studies were unveiled.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40652763/novo-nordisk-touts-encouraging-wegovy-data-to-lower-risk-of-severe-complications-in-heart-failure" rel="noreferrer noopener">Novo Nordisk Touts Encouraging Wegovy Data To Lower Risk Of Severe Complications In Heart Failure Patients</a>
The new data has been published in several medical journals, including the Journal of the American College of Cardiology (JACC), which is edited by Krumholz.
&#8220;These groundbreaking medications are poised to revolutionise cardiovascular care and could dramatically enhance cardiovascular health,&#8221; he said.
The studies, part of the Select trial, monitored over 17,600 people aged 45 and older who received either 2.4 mg of semaglutide or a placebo for over three years.
All participants were obese or overweight with cardiovascular disease but did not have diabetes. Researchers discovered that those taking the drug had a lower overall mortality rate, including deaths from cardiovascular issues and Covid-19, BBC noted.
People using the weight-loss drug were equally susceptible to contracting Covid but had a lower mortality rate from it — 2.6% of those on semaglutide died compared to 3.1% on the placebo.
While women saw a reduction in major adverse cardiovascular events, the drug consistently lowered the risk of cardiovascular issues for both sexes. It also alleviated heart failure symptoms and reduced inflammation in the body, regardless of weight loss.
The medication, available on prescription from the NHS, is known under the brand names Wegovy for obesity and Ozempic for diabetes.
It&#8217;s administered via injection and mimics the hormone GLP-1 to help users feel fuller and curb their appetite. Experts caution that it&#8217;s not a miracle solution or a substitute for healthy eating and exercise, and should be used under medical supervision.
Potential side effects include nausea, stomach upset, bloating, and gas, BBC added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Health Care

Ozempic: Unexpected Anti-Aging Miracle Drug? Researchers Reveal Surprising Potential

Donald Trump has claimed that during his presidency, he wanted to appoint his daughter Ivanka <a href="https://www.benzinga.com/real-estate/24/08/40341328/ivana-trumps-former-nyc-townhome-slashed-to-19-5-million-after-two-years-on-the-market" target="_blank" rel="noreferrer noopener">as the U.S. ambassador to the UN</a>. However, <a href="https://www.theguardian.com/us-news/article/2024/aug/31/donald-trump-at-moms-for-liberty-says-ivanka-hired-millions-of-people" target="_blank" rel="noreferrer noopener">according</a> to The Guardian, the former president said that Ivanka chose to focus on job creation instead, hiring &#8220;millions of people.&#8221;
Trump made these comments during a &#8220;fireside chat&#8221; at the annual Moms for Liberty gathering in Washington on Friday night. The nonprofit, which campaigns to remove mentions of LGBTQ identity and structural racism from school curricula, hosted the event.
Trump stated, &#8220;I said, you would be a great ambassador to the United Nations, United Nations secretary – there&#8217;d be nobody to compete with her. She may be my daughter but nobody could have competed with her, with her rat-rat-rat you know she&#8217;s got,&#8221; the report added.
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&#8220;She said, &#8216;Daddy, I don&#8217;t want to do that, I just want to help people get jobs.&#8217; She would go around – not a glamorous job – but would go around to see Wal-Mart, to see Exxon, to see all these big companies to hire people and she had hired, like, millions of people during the course of her stay,&#8221; Trump added.
In his lengthy remarks, Trump veered between topics such as his parents&#8217; marriage, Scotland, his reality TV show &#8220;The Apprentice,&#8221; and Elon Musk (&#8220;a super genius guy&#8221;). He also reflected on his debates with Hillary Clinton and Joe Biden and discussed his upcoming contest with Kamala Harris, whom he labeled as a &#8220;Marxist&#8221; and a &#8220;defective person,&#8221; The Guardian reported.
At one point, Trump reminisced about Ivanka&#8217;s career, stating that although she was making substantial money from her fashion brand, she chose to leave it behind to support him politically.
He suggested that she sacrificed her lucrative and glamorous career to engage in the less glamorous but crucial work of job creation.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Trump Claims Ivanka Rejected UN Ambassador Role, Instead Hired 'Millions Of People'

<a href="https://www.benzinga.com/personal-finance/24/07/39600675/bill-gates-was-the-worlds-richest-man-for-a-record-18-years-his-secret-to-success-saving-like-a-">Bill Gates</a>, known for co-founding Microsoft, also has a philanthropic side. According to Fortune, he is one of only five billionaires who has given away more than 20% of his wealth to charity.&nbsp; A big part of his charitable efforts is dedicated to public health, particularly as an advocate for <a href="https://www.benzinga.com/general/biotech/24/04/38043559/igc-pharma-releases-positive-interim-analysis-of-its-ongoing-phase-2-trial-in-alzheimers-research">Alzheimer's research</a>. Gates' own father battled Alzheimer's, and since that diagnosis, Gates has been a huge proponent of Alzheimer's research and education.&nbsp;
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Recently, Gates visited the Indiana University (IU) School of Medicine, a leading institution in Alzheimer's research, to witness firsthand the groundbreaking work it is doing to combat this disease. During his visit, Gates donned a lab coat and protective gloves as he toured IU's state-of-the-art labs and engaged with researchers for a more hands-on experience in the fight against Alzheimer's. 
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IU President Pamela Whitten welcomed Gates to the campus. She said, "A deeply collaborative environment is at the heart of our research enterprise at IU, and this approach has helped to ensure that our team of scientists is working together to answer the most difficult questions about Alzheimer's. We were proud to give a visionary like Bill Gates a firsthand look at that work."
<a href="https://www.benzinga.com/news/24/08/40304161/bill-gates-and-warren-buffett-have-been-friends-for-decades-but-rising-tensions-now-threaten-their-p">Gates's philanthropic efforts</a> in Alzheimer's research have been significant. He donated $100 million to initiatives dedicated to understanding and curing the disease. Having seen his father struggle with Alzheimer's and understanding the emotional toll it takes on the individual and family, his personal connection has fueled his support. 
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One of the most crucial <a href="https://www.benzinga.com/general/24/04/38203452/bill-gates-spent-100-million-on-alzheimers-research-after-his-dads-diagnosis-this-is-what-he-says-is">pieces of advice Gates offers</a>, based on the latest research, is the importance of sleep in preventing Alzheimer's. "One of the strongest things to emerge in that area is the importance of good sleep," Gates has stated. &#8220;To maintain brain health, getting good sleep even back to your teen years is super important.&#8221;
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According to the National Institutes of Health (NIH), there is some correlation between poor sleep patterns and a greater risk of dementia later in life. A study they conducted found that people in their 50s and 60s getting six hours of sleep or less were at greater risk of developing dementia later. Those getting poorer sleep were 30% more likely to be diagnosed with dementia than those getting at least 7 hours of sleep a night.&nbsp;
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While Gates' $100 million investment is a substantial contribution to the fight against Alzheimer's, he knows that research is not enough by itself. He encourages prevention through lifestyle changes, like getting better sleep, to help combat the disease.&nbsp;

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A Singaporean man has been sentenced to nearly four years behind bars after attempting to frame his estranged wife by planting cannabis in her car, knowing she could get the death penalty.
Tan Xianglong, 37, hid what he thought was over half a kilo of marijuana in the back seat of his wife's vehicle, thinking that amount would be sufficient to trigger Singapore's death penalty for drug trafficking.
Singapore, by the way, has some of the strictest drug laws in the world and carries out the death penalty by hanging. The latest, which took place in April 2023, was the 11th person in two years <a href="https://www.benzinga.com/markets/cannabis/23/04/31957742/billionaire-branson-criticizes-singapores-decision-to-execute-man-over-kilogram-of-pot-this-week">to be hanged</a> for allegedly smuggling two pounds of cannabis into the country.
<h3 class="wp-block-heading">Ripped Off In A Telegram Chat</h3>
However, in this case, less than half of the substance that Tan planted in his wife's car turned out to be actual cannabis; the rest was filler material, <a href="https://e.vnexpress.net/news/news/crime/singaporean-jailed-for-planting-death-penalty-weed-in-wife-s-car-4787949.html">reported</a> VNExpress.
Tan admitted he bought the weed from a <a href="https://www.benzinga.com/topic/telegram">Telegram</a> chat group whose founder <a href="https://www.benzinga.com/topic/pavel-durov">Pavel Durov</a> was recently released on $5.6 million bail from French custody where he <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40558693/telegram-ceo-pavel-durov-faces-12-serious-charges-french-prosecutor-reveals" target="_blank" rel="noreferrer noopener">could face up to 12 serious charges</a>, including drug offenses.
Read Also:  <a href="https://www.benzinga.com/markets/cannabis/22/08/28385074/the-possibly-best-and-worst-countries-to-get-caught-with-pot" target="_blank" rel="noreferrer noopener">The (Possibly) Best and Worst Countries To Get Caught With Pot</a>
<h3 class="wp-block-heading">The Pot Plot Unravels</h3>
Tan had apparently failed to consider that his wife's car was equipped with a camera system that sent her a phone notification alerting her to a &#8220;parking impact.&#8221; This prompted the woman to review live footage, which showed Tan lingering around the car. She quickly notified the police, accusing him of harassment. During the investigation, however, the cops discovered the weed and arrested her. When no evidence was found against her, the focus shifted to Tan, leading to his arrest.
Tan's defense attorney argued that he was suffering from depression at the time he plotted to send this wife to the gallows.
Court documents revealed that Tan&#8217;s intention was to frighten his wife and entangle her in legal trouble. His plan hinged on getting her arrested and charged with a severe crime, potentially making it easier for him to get a divorce. Under Singaporean law, couples need to be married for at least three years before filing for divorce. Tan and his wife had been separated for less than two years.
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Photo by CEphoto, Uwe Aranas via <a href="https://creativecommons.org/licenses/by-sa/4.0/deed.en" target="_blank" rel="noreferrer noopener">Wikimedia Commons</a>

Death Penalty Scheme Gone Wrong: Husband's Plot To Frame Wife With Cannabis Fails

The era of interest rates at two-decade highs may be drawing to a close, with Federal Reserve Chair Jerome Powell hinting at possible cuts as early as September. But for hopeful homebuyers eyeing cheaper mortgages, <a href="https://www.benzinga.com/markets/equities/24/08/40541926/fed-rate-cuts-coming-what-you-need-to-know-about-mortgages-borrowing-and-saving">the path forward is still unclear</a>.
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Last week, at the central bank&#8217;s annual gathering in Jackson Hole, Wyoming, Powell struck a cautiously optimistic tone. &#8220;The time has come for policy to adjust,&#8221; he said, <a href="https://www.benzinga.com/markets/equities/24/08/40535770/feds-powell-hints-at-policy-shifts-dollar-plunges-gold-rallies-as-investors-flock-to-rate-cut-wi">confirming the Fed&#8217;s intention to begin easing its monetary stance</a>.
The shift departs from the aggressive rate-hiking campaign of the past two years, designed to tame runaway inflation. Now, with price increases cooling, the Fed faces the challenge of supporting economic growth without reigniting inflationary pressures.
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While Powell&#8217;s remarks clearly signaled that rate cuts are on the horizon, the timing and pace remain uncertain. &#8220;The direction of travel is clear,&#8221; he said, &#8220;but the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.&#8221;
The key variable in this is the labor market.
The Sept. 6 jobs report looms large on the Fed&#8217;s radar. A softer-than-expected report could push the central bank toward a more aggressive 50-basis point cut at its Sept. 18 meeting. A resilient job market, however, might prompt a more measured approach.
That uncertainty has left financial markets in a state of cautious optimism. Futures markets are currently split, with a two-thirds probability of a standard 25-basis point cut in September and a one-third chance of a bolder 50-basis point reduction.
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For potential homebuyers, that translates into a waiting game. While mortgage rates edged down in response to Powell&#8217;s remarks, steeper drops may not materialize immediately.
&#8220;Additional weak labor market data leading to a series of larger than 25 bps cuts will mean that mortgage rates will fall through the end of the year,&#8221; noted Chen Zhao, economics team lead at Redfin. &#8220;But a stable, or even falling, unemployment rate will allow the Fed to cut 25 bps at a time and may lead to mortgage rates ticking up a bit from today&#8217;s lows through the end of the year.&#8221;
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The Fed&#8217;s evolving stance reflects a growing confidence in its battle against inflation. Powell acknowledged that inflation, measured by the Fed&#8217;s preferred gauge, <a href="https://www.benzinga.com/top-stories/24/07/39987142/feds-favorite-inflation-gauge-keeps-falling-but-fed-wants-durable-downward-trend-economist-says#:~:text=The%20PCE%2C%20the%20Fed's%20favored,an%20expected%20decline%20to%202.5%25.">has fallen to 2.5%</a>.
&#8220;My confidence has grown that inflation is on a sustainable path back to 2%,&#8221; he said during his speech, hinting at the possibility of achieving the much sought-after "soft landing." The Fed chair also said policymakers had miscalculated the inflationary threat when it emerged in 2020. &#8220;The good ship Transitory was a crowded one,&#8221; he said, referring to the widespread initial belief that price pressures would be short-lived.
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As the Fed navigates the next phase, the housing market grapples with affordability challenges, even as the prospect of lower rates offers some hope.
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In the wake of the arrest of Telegram founder Pavel Durov in France, Elon Musk is contemplating limiting his international travel. 
What Happened: Musk, who acquired the social media platform X (formerly known as Twitter) for $44 billion in 2022, is facing global criticism due to the spread of misinformation on his platform. 
In response to a post suggesting he reconsider his travel plans, Musk indicated on X that he might restrict his travel to countries where freedom of speech is constitutionally upheld.
<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">Probably wise to for me to limit movements to countries where free speech is constitutionally protected
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829296937058832748?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Telegram CEO Durov was detained last week near Paris on charges related to illicit activities on his platform.
Also Read: <a href="https://www.benzinga.com/news/24/08/40544218/musk-takes-shot-at-zuckerberg-slams-instagram-over-child-exploitation-and-data-privacy">Musk Takes Shot At Zuckerberg, Slams Instagram Over Child Exploitation And Data Privacy</a>
 Musk, a staunch supporter of Durov, has condemned the arrest as an infringement of free speech, labeling it a sign of &#8220;dangerous times.&#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">Dangerous times <a href="https://t.co/FuB6NEWOqr">https://t.co/FuB6NEWOqr</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1827551868580487321?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
French President Emmanuel Macron has defended the arrest, asserting it was not politically motivated and that France remains committed to freedom of expression. Both Musk and Durov have come under fire for their platforms&#8217; content moderation policies, or lack thereof.
<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">I have seen false information regarding France following the arrest of Pavel Durov. France is deeply committed to freedom of expression and communication, to innovation, and to the spirit of entrepreneurship. It will remain so. In a state governed by the rule of law,…
&mdash; Emmanuel Macron (@EmmanuelMacron) <a href="https://twitter.com/EmmanuelMacron/status/1828077245606342672?ref_src=twsrc%5Etfw">August 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk is currently embroiled in a legal battle in Brazil, where a Supreme Court judge has threatened to suspend X for refusing to block accounts accused of disseminating misinformation.
Why It Matters: The arrest of Durov and the subsequent reaction from Musk underscore the growing global concern over the role of social media platforms in the spread of misinformation. 
The potential travel restrictions by Musk could signal a shift in how tech CEOs navigate the complex landscape of international law and freedom of speech.
The legal dispute in Brazil involving Musk&#8217;s platform X further highlights the challenges faced by social media platforms in balancing freedom of speech with the need to curb the spread of misinformation. 
This incident could potentially impact the operations of other social media platforms and their approach to content moderation.
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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.

Musk Considers Limiting His Travel Following Telegram CEO Arrest: 'Wise For Me To Limit Movements'

In a significant political development, <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump</a> has thrown his support behind <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">Florida&#8217;s Amendment 3,</a> the proposed constitutional amendment that seeks to legalize recreational marijuana. Trump&#8217;s surprising endorsement, announced via his <a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786">Truth Social platform</a> on Saturday, comes as Floridians prepare to vote for the amendment in the <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">November election</a>.
Trump&#8217;s backing of Amendment 3 is particularly noteworthy given his tough stance on drug policy, which has included <a href="https://www.benzinga.com/markets/cannabis/22/11/29741741/trump-announcement-death-to-drug-dealers-and-beautiful-american-flag-on-mars">calling for the death penalty</a> for drug dealers.
<h2 class="wp-block-heading">Change Of Tune</h2>
"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3. Whether people like it or not, this will happen through the approval of the Voters, so it should be done correctly," <a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786">wrote</a> Trump, who is a Florida voter.
He also said it is important to create laws that prohibit its use in public spaces "so that we don't smell marijuana everywhere we go." The widespread smell of cannabis smoke has been a constant criticism expressed by Gov. Ron DeSantis, who <a href="https://www.benzinga.com/markets/cannabis/24/07/39827912/ron-desantis-blasts-floridas-cannabis-legalization-ballot-at-rnc-it-would-allow-80-joints-a-day-">vehemently opposes</a> the legalization measure and is not likely to be happy about Trump&#8217;s endorsement.
Trump&#8217;s comments come nearly two weeks after his <a href="https://www.benzinga.com/markets/cannabis/24/08/40561136/trump-dislikes-having-people-in-jail-for-cannabis-will-he-legalize-if-elected-or-just-trying-to-">remarks on cannabis</a> including a distaste for people being incarcerated for weed.
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With Trump's influential endorsement, the conversation around marijuana legalization in Florida is likely to intensify in the weeks leading up to the election. Supporters, like former Republican Party of Florida Chair&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/40085870/ron-desantis-and-gop-stalwart-feud-over-cannabis-legalization-trump-floridas-top-cops-also-weigh" target="_blank" rel="noreferrer noopener">Joe Gruters who came out in favor</a>&nbsp;of cannabis legalization over the summer, says Trump&#8217;s support is crucial.
"I am incredibly proud to have President Trump stand alongside us in our effort to end needless arrests and incarcerations of adults for simple possession of marijuana and to give Floridians the same individual freedom to choose safe, tested products that more than half the country already enjoys," Gruters <a href="https://www.news4jax.com/news/local/2024/08/31/trump-supports-floridas-amendment-3-but-says-marijuana-legalization-should-be-done-correctly/">said</a> on New4Jax. 
<h2 class="wp-block-heading">Is DeSantis&#8217;s Anti-Weed Alliance Crumbling?</h2>
The Vote No on 3 campaign has full support of the Republican Party of Florida, though funding has been an issue.
At the moment, the pro-cannabis campaign led by&nbsp;<a href="https://drupal-cloudfront.benzinga.com/topic/smart-safe-florida" target="_blank" rel="noreferrer noopener">Smart and Safe Florida</a> has amassed $71.8 million as of mid-August, according to&nbsp;<a href="https://dos.elections.myflorida.com/cgi-bin/TreSel.exe" target="_blank" rel="noreferrer noopener">the latest data</a>&nbsp;from the Florida Division of Elections. This substantial war chest largely comes from&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative" target="_blank" rel="noreferrer noopener">Trulieve</a>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>) one of the state's largest medical marijuana companies. 
On the other side, opposition to Amendment 3 has raised $14.5 million, not including the recent shot in the arm when Citadel CEO&nbsp;Ken Griffin&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/08/40158903/terrible-plan-billionaire-ken-griffin-donates-12m-to-defeat-floridas-cannabis-legalization-measu" target="_blank" rel="noreferrer noopener">contributed $12 million</a>.
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Donald Trump Supports Cannabis Legalization in Florida: Game Changer And Huge Blow To Ron DeSantis

Warning: ADRNY is at high risk of cutting its dividend

Sprouts Farmers Market (SFM) delivered impressive first-quarter 2024 results, surpassing revenue and EPS analyst estimates. However, still-elevated inflation continues to curb consumer spending, with cost-conscious consumers opting for low-priced competitors. So, is SFM a hidden gem in the grocery sector that you should invest in? Read more… Valued at $8.37 billion market cap, Sprouts Farmers Market, Inc. (<a href="https://stocknews.com/stock/SFM/">SFM</a>) retails fresh, natural, and organic food products in the United States. The well-known grocery retailer reported first-quarter results that beat Wall Street's estimates for revenue and EPS. It reported net sales of $1.88 billion, surpassing the analyst estimates of $1.85 billion.
The retailer's comparable store sales growth was 4% for the quarter. Further, SFM posted an adjusted EPS of $1.12, which exceeded the consensus estimate of $1.01. Notably, the company opened seven new stores, resulting in 414 stores across 23 states as of March 31, 2024.
"We were pleased with our impressive financial results this quarter, with strength in comparable store sales, traffic, and ecommerce," <a href="https://s28.q4cdn.com/791277983/files/doc_earnings/2024/q1/earnings-result/SFM-Q124-Earnings-Release-FINAL.pdf">said</a> Jack Sinclair, CEO of SFM. "These outcomes highlight the effectiveness of our strategy and the exceptional execution by our team members across the country. We are reinforcing our position as a leading specialty food retailer as we build new stores in line with our growth plans."
For the second quarter, the company expects a comparable sales growth of 3% to 4% and an adjusted EPS between $0.75 and $0.79. For the full year 2024, SFM expects a net sales growth of 7% to 8%, with comparable store sales growth of 2.5%-3.5%. Its adjusted EPS is expected to be $3.05 to $3.13. The company also projects to open 35 new stores in the year.
However, the rapid expansion of new stores will likely increase expenses, potentially impacting SFM's net margins in 2024. The retailer anticipates capital expenditures for the full year to be $225-$245 million.
Also, the still elevated inflation continues to curb consumer spending. The Commerce Department reported that <a href="https://apnews.com/article/retail-sales-inflation-consumers-spending-133dddade5695587b22c4fd362a5fadc">retail sales grew 0.1% in May</a>, lower than the economists' estimates of a 0.2% gain. Also, April sales were revised downward from flat to a decline of 0.2%.
Amid inflationary pressures, cost-conscious consumers generally tend to shop at low-price and high-discount grocery outlets like Costco Wholesale Corporation (<a href="https://stocknews.com/stock/COST/">COST</a>) and Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>) rather than SFM. Until consumer spending stabilizes, SFM faces intense competition from these major players in the grocery/retail market.
Shares of SFM have gained 7% over the month and 64.3% over the past six months to close the last trading session at $83.86.
Let's look at factors that could influence SFM's performance in the upcoming months.
Robust Financial Performance
For the first quarter that ended March 31, 2024, SFM's net sales increased 8.7% year-over-year to $1.88 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> rose 11.1% from the previous year's quarter to $722.31 million. The company reported an adjusted EBITDA of $182.79 million, indicating an 8.8% year-over-year rise.
Furthermore, the retailer's net income came in at $114.10 million, or $1.12 per share, up 49.8% and 14.3% from the prior year's quarter, respectively. As of March 31, 2024, SFM's cash and cash equivalents were $312.28 million, compared to $201.79 million as of December 31, 2023.
Solid Historical Growth
Over the past five years, SFM's revenue has grown at a CAGR of 5.6%. The company's net income and EPS have improved at CAGRs of 14.9% and 19.9% over the same period, respectively. Further, the company's EBITDA has grown at a CAGR of 9% over the same timeframe.
Also, SFM's levered free cash flow has grown at a CAGR of 29.6% over the past five years.
Favorable Analyst Expectations
Analysts expect SFM's revenue for the second quarter (ended June 2024) to grow 8.3% year-over-year to $1.83 billion. Its EPS for the same period is expected to grow 9.2% year-over-year to $0.78. Moreover, the company has topped consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
For the fiscal year ending December 2024, Street expects SFM's revenue and EPS to grow 8.1% and 9.3% from the prior year to $7.39 billion and $3.10, respectively. In addition, the company's revenue and EPS for the fiscal year 2025 are expected to increase 8.9% and 7.1% year-over-year to $8.06 billion and $3.33, respectively.
High Profitability
SFM's trailing-12-month gross profit margin of 37.38% is 6.7% higher than the 35.03% industry average. Likewise, the stock's trailing-12-month ROCE, ROTC, and ROTA of 26.24%, 9.11%, and 8.55% are significantly higher than the industry averages of 11.46%, 7.01%, and 4.69%, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, SFM is trading at 26.82x, 55.1% higher than the industry average of 17.29x. Likewise, its Price/Cash Flow of 16.57x is 47.1% higher than the industry average of 11.27x. The stock's forward EV/EBIT multiple of 23.05 is 55% higher than the industry average of 14.87.
Moreover, the stock's forward Price/Book multiple of 7.21 is 142.5% higher than the industry average of 2.97. Its forward EV/EBITDA of 17.26x is 61.6% higher than the industry average of 10.68x.
POWR Ratings Reflect Uncertainty
SFM's mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. SFM has an A grade for Quality, in sync with its high profitability compared to its industry peers. However, the stock has a D grade for Value, consistent with its higher-than-industry valuation.
Within the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry, SFM is ranked #32 out of 37 stocks.
Beyond what I have stated above, we have also given SFM grades for Growth, Sentiment, Momentum, and Value. Get all SFM ratings <a href="https://stocknews.com/stock/SFM/">here</a>.
Bottom Line
SFM has demonstrated robust financial performance in the first quarter of 2024, with strength in comparable store sales, traffic, and e-commerce. The company's strategic expansion, reflected in the opening of new stores, showcases its potential in the grocery sector. However, the rapid store expansion will likely increase expenses, which could impact the company's net margins.
Additionally, elevated inflation continues to curb consumer spending, posing a challenge for SFM as cost-conscious consumers may opt for lower-priced competitors like Costco and Walmart. Given SFM's elevated valuation, challenging competitive landscape, and macroeconomic headwinds, waiting for a better entry point in this stock seems wise now.
How Does Sprouts Farmers Market, Inc. (SFM) Stack Up Against Its Peers?
Given its near-term uncertain prospects, the odds of SFM outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these three A (Strong Buy) or B-rated (Buy) stocks from the <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry:
Marks &amp; Spencer Group Plc (<a href="https://stocknews.com/stock/MAKSY/">MAKSY</a>)
Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>)
Koninklijke Ahold Delhaize N.V. ADR (<a href="https://stocknews.com/stock/ADRNY/">ADRNY</a>)
To explore more A or B-rated grocery/retail stocks, <a href="https://stocknews.com/category/grocery-big-box-retailers/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a> 

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SFM shares fell $1.55 (-1.85%) in premarket trading Wednesday. Year-to-date, SFM has gained 71.09%, versus a 16.14% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/sfm-wmt-cost-adrny-maksy-is-sprouts-farmers-market-a-hidden-gem-in-the-grocery/>Is Sprouts Farmers Market a Hidden Gem in the Grocery Sector?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Sprouts Farmers Market a Hidden Gem in the Grocery Sector?

European exporters with stretched valuations - JPM

Here is the next potential market catalyst

Ahold Delhaize Non-GAAP EPS of €0.65, revenue of €22.3B; reaffirms FY24 outlook

Koninklijke Ahold Delhaize N.V. 2024 Q2 - Results - Earnings Call Presentation

Jefferies analyst Frederick Wild maintained a Hold rating on Koninklijke Ahold Delhaize N.V. (0RI8 – Research Report) yesterday and set a price tar...

Koninklijke Ahold Delhaize N.V. (0RI8) Gets a Hold from Jefferies

Koninklijke Ahold Delhaize N.V. (ADRNY) Q2 2024 Earnings Call Transcript

Ahold Delhaize: Still Keeping Up With U.S. Peers

Kepler Capital analyst Francois Digard maintained a Buy rating on Koninklijke Ahold Delhaize N.V. (0RI8 – Research Report) on August 26 and set a p...

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Koninklijke Ahold Delhaiz

Koninklijke Ahold Delhaiz (ADRNY) Forecast

Koninklijke Ahold Delhaiz (OTC:ADRNY) Stock, Quote.Headers.trade-ideas