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The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is comprised of securities that rank among the highest dividend-yielding securities in each eligible category of alternative income investments, at the time of index reconstitution, as defined by the index provider.

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It&#8217;s been a whirlwind week for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with news ranging from the highly anticipated iPhone 16 launch to unexpected layoffs. The tech giant is making headlines left, right, and center, and we&#8217;ve got all the juicy details for you.
Apple Boosts iPhone 16 Orders
In anticipation of its AI-equipped iPhone 16 launch, Apple has reportedly increased its orders for the new iPhones by over 10%. The company has directed suppliers to prepare components for roughly 88 to 90 million new iPhones, a significant increase from last year&#8217;s initial orders for the iPhone 15 series.
<a href="https://www.benzinga.com/markets/equities/24/08/40619402/apple-ramps-up-iphone-16-orders-by-over-10-ahead-of-september-launch-anticipating-surge-in-deman">Read the full article here.</a>
Analyst Predicts iPhone 16&#8217;s Impact on Apple Stock
Morgan Stanley analyst Erik Woodring has shared his insights on the upcoming iPhone 16 launch, stating that the new iPhone and Apple Intelligence could unlock pent-up demand. He also predicts an acceleration in the iPhone replacement cycle, which he believes is a &#8220;key factor&#8221; for Apple&#8217;s stock performance.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40645921/apple-intelligence-will-play-starring-role-in-iphone-16-launch-says-analyst-no-pric">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/08/40643433/elon-musk-lashes-out-at-judge-after-brazils-supreme-court-blocks-starlinks-bank-accounts-criminal-we?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Lashes Out At Judge After Brazil&#8217;s Supreme Court Blocks Starlink&#8217;s Bank Accounts</a>
Apple&#8217;s Glowtime Event
Apple has confirmed its annual iPhone launch event, named &#8220;Glowtime,&#8221; scheduled for Sept. 9. The event is expected to showcase a variety of new products, including the much-anticipated iPhone 16 series.
<a href="https://www.benzinga.com/news/24/08/40572621/apple-september-9-glowtime-event-heres-everything-cupertino-is-expected-to-launch">Read the full article here.</a>
Apple Cuts Jobs in Services Division
In an unexpected move, Apple has reportedly laid off about 100 employees from its services division. The layoffs primarily impacted teams responsible for the Apple Books app and Apple Bookstore.
<a href="https://www.benzinga.com/news/24/08/40592257/apple-lays-off-100-employees-in-services-division-including-key-teams-under-eddy-cue-responsible-for">Read the full article here.</a>
Wedbush Analyst Foresees &#8216;Historical Period&#8217; for Apple
As Apple gears up for its &#8220;Glowtime&#8221; event, Wedbush analyst Dan Ives predicts a &#8220;historical period&#8221; for the tech giant, sparked by the launch of the iPhone 16 series.
<a href="https://www.benzinga.com/news/24/08/40591783/apples-september-9-glowtime-event-featuring-iphone-16-launch-could-kickstart-a-historical-period-say">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40645921/apple-intelligence-will-play-starring-role-in-iphone-16-launch-says-analyst-no-pric?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Intelligence Will Play &#8216;Starring Role&#8217; In iPhone 16 Launch, Says Analyst</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

AAPL

iPhone 16 Anticipation, Layoffs, Apple Intelligence's Impact, And More: This Week In Appleverse

The past week was filled with high-stakes economic predictions, political confrontations, and revealing corporate disclosures. From economist Peter Schiff sounding the alarm on potential Federal Reserve missteps to JD Vance criticizing Vice President Kamala Harris over a controversial Chinese battery plant, the news cycle was anything but dull. Here&#8217;s a closer look at the top stories.
Economist Peter Schiff Warns of Fed Misstep
As the dollar weakens in anticipation of Fed rate cuts, renowned economist Peter Schiff voiced his concerns about the potential inflationary impact of a weaker dollar. Schiff&#8217;s warning comes as the U.S. dollar hit an eight-month low against the Swiss franc.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40594093/economist-peter-schiff-warns-fed-may-be-committing-mistake-by-lowering-rates-in-sep">Read the full article here.</a>
JD Vance Criticizes Kamala Harris Over Chinese Battery Plant
Republican vice presidential candidate J.D. Vance expressed strong opposition to the planned establishment of a Chinese battery plant in Michigan, attributing the decision to Democratic policies. Vance accused Vice President Kamala Harris of enabling Chinese battery maker Gotion to access clean-energy companies.
<a href="https://www.benzinga.com/news/24/08/40591746/jd-vance-lashes-out-at-kamala-harris-for-allowing-chinese-battery-plant-in-michigan-she-wants-to-pay">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40596411/nasdaq-s-p-500-futures-flatline-as-traders-await-earnings-report-from-ai-barometer-nvidia-fund-mana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Wall Street On Wait-and-Watch Mode Ahead Of Nvidia Earnings</a>
Dollar General&#8217;s Financial Struggles
Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) announced disappointing second-quarter earnings, attributing the results to financially strained lower-income consumers. The discount retailer&#8217;s core customers, primarily households earning less than $35,000 annually, are reportedly feeling more financially pressured than six months ago.
<a href="https://www.benzinga.com/markets/equities/24/08/40643827/dollar-general-says-majority-of-people-who-shop-there-feel-worse-off-financially-compared-with-6">Read the full article here.</a>
Former Trump Rival Warns Against Kamala Harris&#8217; Economic Policies
Vivek Ramaswamy, a former Republican presidential candidate and Donald Trump rival, criticized Kamala Harris‘ economic agenda, particularly her proposed price controls, citing the failures of such policies in other countries.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40569702/former-trump-rival-warns-against-kamala-harris-venezuelan-style-economic-policies-w">Read the full article here.</a>
Kamala Harris&#8217;s Lead Over Trump On Economy
Nobel Prize-winning economist Paul Krugman highlighted a Michigan survey revealing that Vice President Kamala Harris is leading Former President Donald Trump on economic issues. The survey indicates that Harris is favored over Trump on the economy by a margin of 41-38.
<a href="https://www.benzinga.com/news/24/08/40567353/kamala-harriss-lead-over-trump-on-economy-was-positive-for-the-last-three-months-notes-paul-krugman">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40650834/feds-preferred-inflation-gauge-falls-short-of-expectations-in-july-personal-spend?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Fed&#8217;s Preferred Inflation Gauge Falls Short Of Expectations In July, Personal Spending Accelerates</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

News

Politics

Global

Economics

Schiff's Fed Warning, Vance's Critique Of Harris, Dollar General's Financial Woes, And More: This Week In Economics

As the week wraps up, we look back at a series of intriguing developments that unfolded in the political arena. From the intense face-off between Vice President Kamala Harris and former President Donald Trump to Elon Musk&#8216;s deepening political engagement, the past few days have been nothing short of eventful. Here&#8217;s a quick recap of the top stories:
Trump Vs. Harris: The Swing State Showdown
Noted pollster Nate Silver has predicted a 97% chance of Vice President Kamala Harris winning the Electoral College if she secures North Carolina. In his recent Silver Bulletin post, Silver emphasized the critical role of North Carolina, the third-most likely tipping state after Pennsylvania and Michigan.
<a href="https://www.benzinga.com/news/24/08/40623619/trump-vs-harris-polling-veteran-nate-silver-says-vice-president-has-97-chance-of-winning-electoral-c">Read the full article here.</a>
Mark Cuban Questions Trump&#8217;s Taxation Strategy
Billionaire entrepreneur Mark Cuban has expressed confusion over Trump&#8217;s commitment to revitalize the auto industry by taxing foreign nations. Cuban highlighted Trump&#8217;s promise to bring back jobs and factories to Michigan through this taxation strategy.
<a href="https://www.benzinga.com/news/24/08/40643937/mark-cuban-wants-someone-to-explain-to-him-how-trump-would-tax-a-foreign-nation">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/08/40665199/trump-vs-harris-nate-silver-says-former-president-now-ahead-of-vice-president-in-electoral-college-o?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Nate Silver Says Former President Now Ahead Of Vice President In Electoral College Odds After Adjusting For The DNC &#8216;Bounce&#8217;</a>
Elon Musk Dives Deeper into Politics
After endorsing Trump for president, Tesla CEO Elon Musk has hired Republican strategist Chris Young, signaling a deeper involvement in politics. Young, a seasoned political officer, is expected to steer Musk&#8217;s political activities and voter mobilization initiatives.
<a href="https://www.benzinga.com/news/24/08/40619332/after-endorsing-trump-for-president-elon-musk-now-hires-republican-strategist-signaling-a-deeper-div">Read the full article here.</a>
Trump&#8217;s Contentious Use of Foo Fighters Song
Trump&#8217;s use of the Foo Fighters song &#8220;My Hero&#8221; during a 2024 election rally has sparked controversy. The band has publicly stated that they did not grant permission for their song to be used by the former president.
<a href="https://www.benzinga.com/general/entertainment/24/08/40590249/trump-donates-to-harris-2024-election-campaign-by-using-foo-fighters-song-former-president-">Read the full article here.</a>
Harris Leads Betting Odds for 2024 Election
Despite a close race, Vice President Harris is leading the betting odds for the 2024 presidential election. While Harris has been leading in most polls, Trump&#8217;s odds with prediction markets remain competitive.
<a href="https://www.benzinga.com/general/politics/24/08/40566146/trump-in-trouble-vice-president-harris-leads-betting-odds-for-2024-election-heres-how-swing-stat">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/08/40615118/trump-vs-harris-former-president-posts-lead-in-key-swing-state-vice-president-gains-support-in-k?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Former President Posts Lead In Key Swing State, Vice President Gains Support In Key Voter Groups For Democrats</a></li>
</ul>
Photo courtesy: Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Trump Vs. Harris Polls, Musk Dives Deeper, Mark Cuban Questions Trump's Taxation Strategy, And More: This Week In Politics

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. 
<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">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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CURLF

TCNNF

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.
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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.
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Macro Economic Events

Markets

General

iShares Dow Jones US Homenstruction Index Fund

PowerShares Dynamicnsumer Discretionary Sector Portfolio

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.
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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.
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<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>
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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>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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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>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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.
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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.

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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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;
<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">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>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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.
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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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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>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40594093/economist-peter-schiff-warns-fed-may-be-committing-mistake-by-lowering-rates-in-sep">Economist Peter Schiff Warns Fed May Be Committing Mistake By Lowering Rates In September As Dollar Index Falls To Lowest In Over A Year</a></li>
</ul>

ABNB

ACGL

AXON

BBWI

CRWD

DLTR

ETSY

FTNT

GDDY

INTC

KVUE

MPWR

MRNA

SBUX

SMCI

UBER

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.
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.

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.
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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;

Personal Finance

Bill Gates' $100M Alzheimer's Research Support — His Visit To IU School Of Medicine And How He Recommends Preventing Alzheimer's

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.
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<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>

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