Latest news for Grupo Bimbo (OTC:BMBOY) Stock

Grupo Bimbo SAB de CV is an international baking-products manufacturer. The company operates in over 22 countries throughout the Americas, Europe, and Asia. The firm's key product categories are packed bread, sweet baked goods, salty snacks, cookies, solutions (tortillas, pitas, wraps), prepacked foods, confectionery, and others. The key brands are Bimbo, Ideal, Ricolino, Oroweat, Arnold, Thomas, and Sara Lee. Grupo Bimbo has a large direct distribution network that allows the company to distribute products from its plants (based in Uruguay, Rio de Janeiro, China, Santiago de Chile, and Argentina) to sales centers and warehouses.

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Harbinger, a startup building medium-duty electric commercial vehicle chassis, announced Tuesday 4,000 vehicle pre-orders valued at more than $400 million. 

Among companies ordering electric vehicle chassis from Harbinger is Bimbo Bakeries USA, the U.S.

EV Startup Harbinger Snags $400M in Commercial Vehicle Chassis Orders

GRUPO BIMBO SA SPNS/ADR by Grupo Bimbo S.A.B. de C.V.

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In a bid to capitalize on the surging demand for AI computing, Lambda Labs, a Silicon Valley startup, is in discussions to raise an additional $800 million.
What Happened: The proposed funding would significantly boost the company&#8217;s valuation, placing it among the best-funded startups in Silicon Valley. The surge in demand for computing infrastructure that powers the generative AI boom is driving this move, <a href="https://www.ft.com/content/26b69bb9-97d7-46de-8950-264f1bcc0f4f">reported</a> the Financial Times on Saturday.
Lambda Labs, based in San Jose, recently secured a $500 million loan using its NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips as collateral. This loan was intended to finance the expansion of its cloud services. The company&#8217;s rapid succession of funding rounds underscores the increasing demand for Nvidia&#8217;s GPUs, which are now a sought-after commodity.
The proposed funding will be used to acquire more Nvidia GPUs and associated cloud networking software. It will also facilitate the hiring of additional staff. JPMorgan is expected to coordinate Lambda&#8217;s fundraising, with term sheets anticipated in mid-July.
Led by co-founder Stephen Balaban, Lambda has benefited from a close relationship with Nvidia, which has risen to challenge Microsoft and Apple as the world&#8217;s most valuable company, reaching a $3 trillion market capitalization.
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39563622/is-kamala-harris-the-answer-to-joe-bidens-shortcomings-poll-hints-at-voter-sentiment-toward-poss?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Is Kamala Harris The Answer To Joe Biden&#8217;s Shortcomings? Poll Hints At Voter Sentiment Toward Possible Replacement Candidate</a>
Why It Matters: The escalating demand for Nvidia&#8217;s GPUs is a testament to the growing significance of AI computing. This trend has been evident for some time. In March, Nvidia&#8217;s CEO Jensen Huang predicted that <a href="https://www.benzinga.com/news/24/03/37838508/nvidias-jensen-huang-foresees-ai-computing-ramp-to-continue-for-years-were-in-the-beginning">the AI computing industry</a> was in its early stages and would see significant growth in the coming years. This prediction is now being realized with the increasing demand for AI computing infrastructure.
Moreover, the global trend of governments investing heavily in <a href="https://www.benzinga.com/markets/asia/24/06/39244264/nvidias-sovereign-ai-thrust-accelerates-sales-growth-amid-global-government-ai-investments">domestic AI infrastructure</a> contributes to this surge in demand. This trend, advocating for sovereign AI investments, is expected to generate nearly $10 billion in revenue for Nvidia this year.
In March 2023, Lambda raised $44 million with support from Quora founder and OpenAI board member Adam D'Angelo, OpenAI president Greg Brockman, and Y Combinator CEO Garry Tan.
Meanwhile, Lambda&#8217;s potential $800 million funding round comes after the company raised $320 million in February, a move that <a href="https://www.benzinga.com/news/23/10/35165675/billionaire-tulls-bet-on-lambda-highlights-nvidia-ai-chip-appeal">underscored the escalating demand for Nvidia AI chips</a> in the tech landscape. The investment fund, spearheaded by billionaire Thomas Tull, marked a pivotal moment for the 11-year-old startup.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39562507/peter-schiff-says-things-will-likely-get-much-worse-from-here-for-bitcoin-investors?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Says &#8216;Things Will Likely Get Much Worse From Here&#8217; For Bitcoin Investors, But 3 BTC Metrics Are Flashing Bullish Signals, According To Expert</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Nvidia Partner Lambda Labs In Talks To Raise $800M To Expand AI Infrastructure And Meet Soaring Demand For GPUs And Cloud Services

Keith Patrick Gill, popularly known as &#8220;Roaring Kitty&#8221; on social media, is facing a new class action lawsuit over allegations of a pump-and-dump scheme involving GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) securities.
What Happened: A court document filed on June 28, in the Eastern District of New York, reveals that plaintiff Martin Radev accuses Gill of manipulating GameStop&#8217;s stock price through his social media influence. Known for his significant role in the &#8220;meme stock&#8221; movement, Gill is a former financial analyst.
The lawsuit alleges that Gill discreetly bought a large number of GameStop call options before making a social media post on May 12, 2024, which sparked renewed interest in the company&#8217;s stock. The stock price soared over 74% the following day. Gill is then alleged to have <a href="https://www.benzinga.com/markets/equities/24/06/39128926/roaring-kitty-reveals-massive-gme-position-on-reddit-including-65m-call-options-is-he-bringing-c">disclosed his large stake</a> in the company on June 2, leading to another surge in the stock price.
On June 3, The Wall Street Journal reported that Gill had bought a large volume of GameStop options just before his May 12 post. This news led to a 5.36% drop in GameStop&#8217;s stock price, according to the filing.
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39562285/jim-cramer-says-trumps-return-to-white-house-could-be-good-for-your-portfolio-hate-him-or-like-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Says Trump&#8217;s Return To White House Could Be &#8216;Good For Your Portfolio:&#8217; &#8216;Hate Him Or Like Him&#8217;</a>
On June 13, Gill posted a screenshot of his GameStop portfolio, revealing that he no longer held the call options but had increased his position in GameStop stock. The lawsuit alleges that Gill profited from these transactions, describing his actions as a pump-and-dump scheme.
The lawsuit aims to recover damages resulting from Gill&#8217;s alleged violations of federal securities laws. 
&#8220;As a result of Defendant's wrongful acts and omissions, and the precipitous decline in the market value of the Company's securities, Plaintiff and other Class members have suffered significant losses and damages,&#8221; said the lawsuit.
Why It Matters: Roaring Kitty&#8217;s influence among Redditors, especially users of r/WallStreetBets, is significant. Interestingly the latest lawsuit was peppered with memes posted by Gill on social media. The filing noted that one post on May 12 garnered nearly 28.5 million views, 12,000 comments and 135,000 reactions.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="542" height="686" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30220758/Screenshot-2024-07-01-at-11.07.36.png" alt="" class="wp-image-412902" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30220758/Screenshot-2024-07-01-at-11.07.36.png 542w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30220758/Screenshot-2024-07-01-at-11.07.36-237x300.png 237w" sizes="(max-width: 542px) 100vw, 542px" /></figure>
Screenshot from the lawsuit filed on June 28, 2024 by Martin Radev.
Following this, on June 4, 2024, Massachusetts&#8217; top securities regulator began <a href="https://www.benzinga.com/government/24/06/39167074/regulators-turn-up-the-heat-on-roaring-kitty-over-recent-gamestop-trading-activity-what-you-need-to">investigating</a> Gill&#8217;s recent trading activity over potential manipulation.
By June 16, 2024, Gill had accumulated a stake of $262 million in GameStop, <a href="https://www.benzinga.com/news/24/06/39348422/market-manipulation-or-meme-stock-mastery-roaring-kitty-rakes-in-262-million-gamestop-stake">leading to discussions</a> about market manipulation in the meme-stock era.
Price Action: On Friday, GameStop shares closed 1.6% lower at $24.69, according to <a href="https://benzinga.grsm.io/register174">data from Benzinga Pro.</a>
Image Generated With Midjourney
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39516711/cathie-woods-ark-invest-acquires-7-3m-worth-of-shares-in-this-promising-netflix-competitor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood&#8217;s Ark Invest Acquires $7.3M Worth Of Shares In This Promising Netflix Competitor, Sells Off Coinbase Stock Amid Bitcoin Slump</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

General

'Roaring Kitty' Keith Patrick Gill Accused Of Gamestop Pump-And-Dump Scheme In Class Action Lawsuit: 'Suffered Significant Losses And Damages'

Leading cryptocurrencies drifted sideways over the weekend as unanticipated market swings created an atmosphere of uncertainty.&nbsp;&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.77%</td>
<td>$62,608.85</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.59%</td>
<td>$3,433.28</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.14%</td>
<td>$0.1246</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin spiked above $62,000 Sunday, ending a week that saw the King Crypto wobbling between $60,000 and $62,600. Concerns over the sale of Bitcoin by the governments of <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39511595/uncle-sam-on-the-move-us-government-transfers-millions-in-bitcoin-to-coinbase">the U.S</a>. and <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39506277/german-authorities-sell-15m-more-in-seized-bitcoin">Germany</a> eroded investors' confidence.&nbsp;
Ethereum climbed past $3,400, with speculation rife about the possible date for final approvals for spot exchange-traded funds.&nbsp;
On a positive note, Bitcoin's Open Interest rose 4% in the last 24 hours, marking an influx of fresh money in the market. This could trigger significant volatility in the days ahead.
The majority of the new bets targeted Bitcoin&#8217;s price increase, as the number of traders opening bullish long bets increased significantly in the recent 24 hours.
The Cryptocurrency Fear &amp; Greed Index flashed "Neutral" as of this writing, indicating a balance between bullish and bearish forces before the start of a fresh trading week.
Top Gainer (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Ethereum Name Service (ENS)</td>
<td>+20.44%</td>
<td>$31.21</td>
</tr>
<tr>
<td>zkSync (ZK)</td>
<td>+10.48%</td>
<td>$0.1795</td>
</tr>
<tr>
<td>Fantom (FTM)</td>
<td>+9.55%</td>
<td>$0.5939</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap stands at $2.31 trillion, following an increase of 2.41% in the last 24 hours.
Stock futures gained overnight on Sunday. The Dow Jones Industrial Average Futures added 52 points, or 0.13%, as of 8:30 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 advanced 0.23%, while Nasdaq 100 Futures bumped 0.24%.
The S&amp;P 500 and the tech-heavy Nasdaq Composite have been turbocharged lately due to the buzz surrounding artificial intelligence stocks, especially the AI giant NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
This week, investors will be on the lookout for the June jobs report, due to be released on Friday. Markets will remain closed for the Fourth of July holiday.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular investor and influencer Lark Davis, citing historical data, reminded that July has been a bullish month for cryptocurrencies.
He added that Bitcoin investors received an average return of 10.49% during the last five years, whereas Ethereum traders received an average return of 19.20%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Julys are historically bullish months for crypto. In the past five years, we&#39;ve seen:<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>: 10.49% average return<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>: $19.20% average return Will it be a bullish month this time around? <a href="https://t.co/eBRqWRd5j5">pic.twitter.com/eBRqWRd5j5</a>
&mdash; Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1807406267884773766?ref_src=twsrc%5Etfw">June 30, 2024</a></blockquote>
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Another widely-followed analyst, Kevin Svenson, noted a strong weekly close for the King Crypto.
He stated that demand wicks have signaled the bottom of every pullback since the beginning of 2023, and the current weekly close was showed a demand wick as well.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw">#BITCOIN</a> &#x7C; WEEKLY CLOSING STRONG &#x1f4aa; Demand Wicks have signaled the bottom of every retracement since the start of 2023. Our current weekly close is showing a demand wick as well. Bottom is in &#8230; ? <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> &#x1f517;<a href="https://t.co/QWfMfxCqiW">https://t.co/QWfMfxCqiW</a> <a href="https://t.co/KsLGDSu492">pic.twitter.com/KsLGDSu492</a>
&mdash; Kevin Svenson (@KevinSvenson_) <a href="https://twitter.com/KevinSvenson_/status/1807559962580713893?ref_src=twsrc%5Etfw">June 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Photo by Igor Faun on Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39565057/bitcoin-may-face-another-correction-dropping-to-55-000-predicts-crypto-analyst#google_vignette">Bitcoin May Face Another Correction, Dropping To $55,000, Predicts Crypto Analyst</a>

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

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Bitcoin, Ethereum, Dogecoin Move Sideways As Traders Remain Risk Averse: King Crypto Could Record More Than 10% Gains In July, Says Analyst

In May, supply chain analyst, Ming-Chi Kuo said that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) plans to enhance the battery life of its iPhone 16 series by <a href="https://www.benzinga.com/news/24/05/38912271/iphone-16-pro-max-may-get-battery-boost-and-stainless-steel-upgrade-says-top-apple-analyst">adopting stainless steel cases</a>. Now he says, this step can help Cupertino meet EU regulations while also increasing the device&#8217;s battery cell density.
What Happened: On Sunday, Kuo, an analyst at&nbsp;TF Securities,&nbsp;took to&nbsp;X, formerly&nbsp;Twitter, and said Apple&#8217;s move to stainless steel cases for its next iPhone iteration will not only comply with EU battery regulations but also&nbsp;increase the battery cell density&nbsp;by 5-10%.
He also stated that the design change will make the batteries easier to replace. &#8220;The new iPhone's adoption of a stainless steel battery case not only reduces the difficulty of removing the battery to meet EU regulations but also allows Apple to increase the battery cell density by 5-10% while meeting safety requirements, achieving two goals at once,&#8221; he said.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/06/39564817/apple-rejects-metas-ai-integration-proposal-ex-employee-accuses-iphone-maker-of-chemical-exposure-an?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Rejects Meta&#8217;s AI Integration Proposal, Ex-Employee Accuses iPhone-Maker Of Chemical Exposure And More: This Week In Appleverse</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The EU regulates that by 2027, all smartphones must be equipped with replaceable batteries. The new iPhone's adoption of a stainless steel battery case not only reduces the difficulty of removing the battery to meet EU regulations but also allows Apple to increase the battery… <a href="https://t.co/jLhEbw04po">https://t.co/jLhEbw04po</a>
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1807432542934732953?ref_src=twsrc%5Etfw">June 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Why It Matters: In last month&#8217;s report, Kuo said that the iPhone 16 Pro Max would feature a battery with increased energy density and a stainless steel housing. The change in battery housing from aluminum to stainless steel was expected to result in weight savings while maintaining the same battery life.
Meanwhile, Apple has been under scrutiny by the EU for allegedly violating the Digital Markets Act, particularly with its App Store policies. The tech giant <a href="https://www.benzinga.com/trading-ideas/24/06/39530832/apple-battles-with-the-eu-over-app-store-policies-while-their-30-recovery-could-propel-their-stock">could face a fine of up to 10% of its global revenue</a> if it fails to comply with DMA guidelines.
Earlier this month, <a href="https://www.benzinga.com/news/24/06/39444300/apple-to-exclude-key-features-from-ios-18-and-macos-sequoia-for-eu-customers-heres-why">Apple announced that it would exclude certain features</a> from its upcoming operating systems for EU customers due to regulatory concerns related to the DMA. These features are Apple Intelligence, iPhone Mirroring to macOS Sequoia, and SharePlay Screen Sharing.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/06/39515667/jeff-bezos-doubled-productivity-at-amazon-in-its-infancy-by-simply-buying-a-table-the-most-brilliant?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos Doubled Productivity At Amazon In Its Infancy By Simply Buying A Table: &#8216;The Most Brilliant Idea I&#8217;ve Ever Heard&#8217;</a>
Photo Courtesy: Yalcin Sonat On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

AAPL

iPhone 16 Stainless Steel Cases Will Meet EU Rules And Improve Battery Life 'By 5-10%,' Says Key Apple Watcher Ming-Chi Kuo

President Joe Biden&#8216;s recent <a href="https://www.benzinga.com/news/24/06/39540268/trump-attacks-biden-defends-in-high-stakes-no-audience-debate-president-appears-to-freeze-and-fumble">debate performance</a> is being attributed to a series of missteps by his top advisors, according to a Reuters report.
What Happened: Biden&#8217;s debate with Republican rival Donald Trump was characterized by his failure to counter Trump&#8217;s repeated false claims, leading to calls for him to withdraw from the 2024 presidential race. Critics attribute this to a lack of rest and poor preparation, despite warnings from his aides.
 &#8220;What a bad decision to send him out looking sick and exhausted,&#8221; said one of the president&#8217;s top aides, according to the report.
Florida-based attorney and major Biden fundraiser John Morgan suggested that senior aide Anita Dunn and others be fired for their role in the debacle. The debate strategy was approved by campaign chair Jen O&#8217;Malley Dillon, who was appointed in January to boost Biden&#8217;s reelection campaign.
Despite Biden&#8217;s low poll numbers, his team was confident going into the debate. The president&#8217;s trips to Europe and his rigorous debate prep schedule, which included six days at Camp David, were expected to give him an edge.
See Also: <a href="https://www.benzinga.com/news/24/06/39541153/elon-musk-says-trump-biden-debate-was-setup-for-a-switch-theyre-just-talking-puppets?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Trump-Biden Debate Was &#8216;Setup For A Switch:&#8217; &#8216;They&#8217;re Just Talking Puppets&#8217;</a>
However, Biden&#8217;s campaign has dismissed any possibility of a staff shake-up. O&#8217;Malley Dillon assured supporters that internal polls and focus groups showed no change in voters&#8217; opinions in battleground states after the debate.
Why It Matters: Biden&#8217;s debate performance has sparked discussions about his future as the Democratic candidate for the 2024 presidential election. A <a href="https://www.benzinga.com/news/24/06/39565714/biden-vs-trump-race-sees-president-trailing-after-thursdays-debate-do-any-of-democratic-alternatives">flash poll</a> conducted after the debate showed that only 32% of respondents approved of Biden&#8217;s performance, with a steeper 63% among Democrats. This has led to speculation about potential alternatives within the Democratic party.
Despite the criticism, a recent poll revealed a decline in voters&#8217; confidence in Biden&#8217;s mental and physical fitness, with three out of five viewers believing that Trump outshone Biden during the debate. This suggests that the debate may have raised concerns about both candidates&#8217; suitability for the presidency.
Meanwhile, Trump&#8217;s team has been quick to capitalize on Biden&#8217;s perceived weakness, with the former president&#8217;s social media clips mocking Biden&#8217;s age. This has raised questions about the impact of the debate on the race between Biden and Trump. However, polls also point to <a href="https://www.benzinga.com/news/24/06/39563725/biden-widely-criticized-over-debate-performance-but-poll-also-points-to-concerning-signs-for-trump">concerning signs</a> for the ex-president.
Photos courtesy: Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39563559/investors-predict-impact-of-potential-trump-presidency-on-markets-the-market-is-already-priced-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Predict Impact Of Potential Trump Presidency On Markets: &#8216;The Market Is Already Priced For That To Happen&#8217;</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Joe Biden's Disastrous Debate Performance Blamed On Bad Preparation: 'What A Bad Decision To Send Him Out Looking Sick And Exhausted'

Wedbush analyst Dan Ives has made a bold prediction for the second half of 2024, foreseeing a significant surge in tech stocks.
What Happened: Ives took to social media platform X, to share his forecast, stating that the Nasdaq is poised for another robust six months, with a projected 15% increase in tech stocks. He attributed this growth to the expanding use cases of AI, which will drive tech fundamentals.
&#8220;We believe NASDAQ has another strong 2H ahead as tech stocks will be up 15% the rest of 2024 in our view with tech fundamentals set to accelerate as AI use cases expand. AI Party it's 9 pm and this will go until 4 am in our view. We believe tech bull market has legs,&#8221; Ives wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We believe NASDAQ has another strong 2H ahead as tech stocks will be up 15% the rest of 2024 in our view with tech fundamentals set to accelerate as AI use cases expand. AI Party it's 9 pm and this will go until 4 am in our view. We believe tech bull market has legs &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f680;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1807429886950228133?ref_src=twsrc%5Etfw">June 30, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/06/39565574/goldman-sachs-casts-doubt-on-exceptionally-expensive-ai-investments-by-tech-companies">Goldman Sachs Casts Doubt On &#8216;Exceptionally Expensive&#8217; AI Investments By Tech Companies</a>
Why It Matters: Ives&#8217; prediction aligns with other industry experts who have also highlighted the potential of AI to drive market growth. Earlier in June, Tom Lee, the managing partner at Fundstrat Global Advisors, forecasted that the <a href="https://www.benzinga.com/markets/equities/24/06/39519696/fundstrats-tom-lee-predicts-s-p-500-will-hit-15-000-by-2030-driven-by-gen-z-and-ai-wave">S&amp;P 500 could reach 15,000 by 2030</a>, largely due to the AI wave.
However, this optimism comes amid contrasting views. In May, Goldman Sachs predicted a <a href="https://www.benzinga.com/markets/equities/24/05/38863242/stock-market-rally-for-2024-has-peaked-goldman-sachs-forecasts-flat-return-from-now-till-the-end">flat return for the S&amp;P 500</a> for the remainder of 2024, suggesting that the market rally had peaked. 
Another analyst,&nbsp;Gene Munster, predicted that the stock market would continue to rise for&nbsp;<a href="https://www.benzinga.com/markets/equities/24/05/38910879/stock-market-to-rally-for-3-5-years-before-ai-bubble-bursts-predicts-veteran-analyst-gene-munste" target="_blank" rel="noreferrer noopener">another three to five years</a>&nbsp;before an AI bubble bursts. This aligns with Lee's forecast of a sustained period of growth driven by AI-focused companies.
However, not all experts share this optimistic outlook. Economist&nbsp;Harry Dent&nbsp;warned of a&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39257592/economist-warns-crash-of-a-lifetime-is-coming-predicts-s-p-500-to-plummet-86-from-t" target="_blank" rel="noreferrer noopener">looming "crash of a lifetime"</a>&nbsp;due to the current "everything" bubble, which he believes has yet to burst.
The Nasdaq 100 slipped 0.27% on Friday but has surged 20% year-to-date, driven by robust investor interest in artificial intelligence, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39562507/peter-schiff-says-things-will-likely-get-much-worse-from-here-for-bitcoin-investors?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Says &#8216;Things Will Likely Get Much Worse From Here&#8217; For Bitcoin Investors, But 3 BTC Metrics Are Flashing Bullish Signals, According To Expert</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Nasdaq To Surge 15% Driven By AI, In Second Half Of 2024, Predicts Wedbush Analyst Dan Ives: 'Tech Bull Market Has Legs'

In a recent interview, Steve Bannon, a former adviser to Donald Trump, suggested that President Joe Biden&#8216;s debate performance might lead to his withdrawal from the 2024 presidential race, potentially altering the election&#8217;s dynamics.
What Happened: Bannon, who is set to begin a four-month prison sentence for contempt of Congress, made the prediction in a Sunday interview, <a href="https://www.washingtonpost.com/politics/2024/06/30/steve-bannon-donald-trump-joe-biden-debate/">reported</a> The Washington Post. Bannon, who managed the final months of Trump&#8217;s 2016 campaign, believes that Biden&#8217;s debate performance could prompt a significant drop in his poll numbers, leading to his withdrawal from the race.
He suggested that this would create a chaotic situation for the Republicans, who have been banking on unseating the incumbent president. 
"Trump's Thursday was a Pyrrhic victory. … You're going to take out a guy you know you can beat and beat badly, and we're going to have a wild card," said Bannon.
He further speculated that the fallout from the debate with similar discussions around impeaching the incumbent president and it could lead to a Republican landslide in the November elections, with 340 electoral college votes in the presidential race, 53 or 54 Senate seats, and half a dozen House seats.
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39563559/investors-predict-impact-of-potential-trump-presidency-on-markets-the-market-is-already-priced-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Predict Impact Of Potential Trump Presidency On Markets: &#8216;The Market Is Already Priced For That To Happen&#8217;</a>
Why It Matters: Bannon&#8217;s prediction comes on the heels of a <a href="https://www.benzinga.com/news/24/06/39565714/biden-vs-trump-race-sees-president-trailing-after-thursdays-debate-do-any-of-democratic-alternatives">flash poll</a> that showed Biden&#8217;s approval rating after the first debate was a mere 32%, with 63% of Democrats disapproving of his performance. The poll results have sparked discussions about the possibility of Biden being replaced as the Democratic party&#8217;s candidate.
Bannon&#8217;s prediction also follows recent events in his own life. The <a href="https://www.benzinga.com/news/24/06/39562602/supreme-court-rejects-trump-ally-steve-bannons-appeal-prison-sentence-looms">Supreme Court rejected</a> his final appeal to avoid prison, and he is set to report to a federal prison in Danbury, Conn., by July 1. Despite his impending incarceration, Bannon remains confident that he will continue to influence the political landscape from behind bars.
Read Next: <a href="https://www.benzinga.com/news/24/06/39562120/mark-zuckerberg-says-meta-set-to-unveil-full-holographic-glasses-every-person-who-ive-shown-it-to-so?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Says Meta Set To Unveil &#8216;Full Holographic&#8217; Glasses: &#8216;Every Person Who I&#8217;ve Shown It To So Far, Their Reaction Is Giddy&#8217;</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump Ally Steve Bannon Says Biden Withdrawl Could Upend GOP Campaign, Describes First Debate As 'Pyrrhic Victory' For Ex-President

In a long-form post on X, formerly Twitter, on Sunday, billionaire investor Bill Ackman criticized First Lady Jill Biden for prioritizing her own interests over the health and safety of the country.
What Happened: Ackman, who is the CEO of Pershing Square Capital Management, expressed his concerns about the First Lady&#8217;s influence on President Joe Biden&#8216;s decision-making. He suggested that the stress she is causing the President is contributing to his &#8220;neurological deterioration.&#8221;
Ackman said he no longer blamed Biden for not stepping down. He said, &#8220;It is becoming increasingly clear however that the fault lies with &#8230; Jill Biden.&#8221;
He also questioned the extent of the First Lady&#8217;s control over the President, implying that her friends may not be honest with her due to their own interests. Ackman&#8217;s tweets were in response to a video of the President and the First Lady at a public event.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I no longer blame <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> Biden for not stepping aside. He no longer has the mental acuity to make important judgments about himself. It is becoming increasingly clear however that the fault lies with <a href="https://twitter.com/FLOTUS?ref_src=twsrc%5Etfw">@FLOTUS</a> Jill Biden. FL Jill Biden becomes irrelevant the moment her husband…
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1807553239111303209?ref_src=twsrc%5Etfw">June 30, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39563833/trump-campaign-signals-intent-to-withdraw-us-from-paris-climate-accord-again-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Campaign Signals Intent To Withdraw US From Paris Climate Accord Again: Report</a>
Why It Matters: Ackman&#8217;s comments come in the wake of growing concerns about President Biden&#8217;s health and his ability to lead the country. This issue has been under scrutiny, especially after the <a href="https://www.benzinga.com/news/24/06/39540268/trump-attacks-biden-defends-in-high-stakes-no-audience-debate-president-appears-to-freeze-and-fumble">first presidential debate</a> between Biden and his Republican rival, Donald Trump.
The debate, which took place in Atlanta, Georgia, on Thursday, was marked by Biden&#8217;s defensive stance and apparent difficulty in responding to Trump&#8217;s attacks. The event, hosted by CNN, had no studio audience, and White House pool reporters were not allowed.
Following the debate, Biden&#8217;s performance has been a subject of intense discussion. A flash poll conducted by Data for Progress showed that only 32% of the respondents <a href="https://www.benzinga.com/news/24/06/39565714/biden-vs-trump-race-sees-president-trailing-after-thursdays-debate-do-any-of-democratic-alternatives">approved of Biden&#8217;s performance</a>. The figure was significantly higher among Democrats, at 63%.
Photo By Gage Skidmore On Flickr
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39562285/jim-cramer-says-trumps-return-to-white-house-could-be-good-for-your-portfolio-hate-him-or-like-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Says Trump&#8217;s Return To White House Could Be &#8216;Good For Your Portfolio:&#8217; &#8216;Hate Him Or Like Him&#8217;</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Bill Ackman Says He No Longer Blames Biden For Not Stepping Aside: 'Increasingly Clear That The Fault Lies With... Jill Biden'

The stock market is up solidly this year, thanks to <a href="https://www.benzinga.com/economics/macro-economic-events/24/06/39546658/federal-reserve-to-follow-european-banks-footsteps-likely-to-cut-rates-in-septemb">expectations of rate cuts by the Federal Reserve</a> amid easing inflationary pressure, strong corporate earnings and optimism over the potential of artificial intelligence technology&#8217;s potential.
Building On Gains: The S&amp;P 500 Index, a measure of broader market performance, has gained a robust 14.48% so far this year, and it is up 3.92% for the second quarter. The index last hit a record closing high (5,487.03) on June 18, and breached the 5,500 mark intraday on June 20. Since then, the broader gauge has been going about a consolidation move.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the S&amp;P 500 Index, ended Friday&#8217;s session down 0.39% at $544.22, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Analysts are optimistic about further gains in the second half of the year. Following the S&amp;P 500&#8217;s record run, most have raised their year-end targets. Evercore ISI now has the highest estimate, predicting the index will end the year at 6,000.
Top Heaviness A Concern? Notwithstanding the equity market&#8217;s extended run, investors and analysts alike are concerned about the concentration of gains among a select few stocks. This is evident from the relative underperformance of the S&amp;P EQUAL WEIGHT INDEX, in which the index components are accorded uniform weighting, versus the market cap-weighted S&amp;P 500 Index.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="459" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30131559/image-65-1024x459.png" alt="" class="wp-image-412596" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30131559/image-65-1024x459.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30131559/image-65-300x135.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30131559/image-65-768x345.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30131559/image-65-1536x689.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/30131559/image-65.png 1665w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
 Source: Yahoo Finance.
The 10 largest stocks as a percentage of the S&amp;P 500&#8217;s overall market cap have surged to 38%, Charles Schwab <a href="https://www.schwab.com/learn/story/hard-to-concentrate-top-heavy-market">said</a> in a recent report. Ark Invest&#8217;s Cathie Wood stated in a recent webinar that market concentration has reached an extreme, surpassing levels seen during the Great Depression in 1932.
See Also: <a href="https://www.benzinga.com/money/best-value-stocks">Best Value Stock</a>
Here&#8217;s a look at S&amp;P 500 leaders and laggards of the first-half:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td class="has-text-align-right" data-align="right">Leaders</td>
<td></td>
<td></td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">1. </td>
<td>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>+188.2%</td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">2. </td>
<td>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>+149.5%</td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">3. </td>
<td>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</td>
<td>+123.2%</td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">4. </td>
<td>Constellation Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NYSE">CEG</a>)</td>
<td>+71.3%</td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">5. </td>
<td>General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>)</td>
<td>+56.2%</td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">Laggards</td>
<td></td>
<td></td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">1. </td>
<td>Walgreens Boots Alliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NYSE">WBA</a>)</td>
<td>-53.7%</td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">2. </td>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-41.6%</td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">3. </td>
<td>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>-38.4%</td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">4. </td>
<td>EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>)</td>
<td>-36.7%</td>
</tr>
<tr>
<td class="has-text-align-right" data-align="right">5. </td>
<td>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)</td>
<td>-34.46%</td>
</tr>
</tbody>
</table>
</figure>
Nvidia and Texas-based utility company Vistra also feature among the top five gainers for the second quarter. Others rounding off the list are First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), a utility company splintered from GE, and semiconductor testing company Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>).
Second-quarter decliners include the year-to-date laggards Walgreens Boots Alliance, Intel and EPAM Systems. The other two top-five poor performers are Estée Lauder Companies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EL#NASDAQ">EL</a>) and building products and equipment maker Builders FirstSource, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>).
The top five gainers belonged mostly to the tech and utility sectors, while the laggards were mostly from consumer stocks. 
Look Ahead: The outlook is largely positive heading into the second half of 2024, said Morgan Stanley analysts in the firm&#8217;s mid-year outlook. The firm&#8217;s expectation is predicated on the Fed rate cut materializing in September. The futures market is pricing in a 64% probability of a rate cut in September.
JPMorgan analysts also see positive momentum continuing. 
&#8220;The end of monetary tightening combined with strong nominal GDP growth provide a constructive backdrop for U.S. equities over the remainder of the year,&#8221; the analysts said. 
Fed rate cuts are widely seen as a precursor for the broadening of the stock market rally. The underperformers of the first-half of the year could bounce back strongly when inflation eases further, allowing the central bank to take down interest rates from 22-year highs.
Ark Invest&#8217;s Wood<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39542910/time-to-buy-small-and-mid-cap-stocks-cathie-wood-sees-broadening-rally-after-market"> sees the scope of a strong rebound.</a> After concentration peaked during the Great Depression, the market rose 62% over the next three to four years. The gains were disproportionately favoring the smaller and mid-cap stocks as opposed &#8220;to the mega-cap cash fortresses,&#8221; she said. 
Candidates For Outperformance: Benzinga screened some lagging stocks that are poised to outperform when the macro and geopolitical environment turn benign. The criteria used for screening are SMID-cap stocks, average volume greater than 50,000, average analysts&#8217; price target of &#8220;Buy&#8221; or better, average analysts&#8217; price target of 20% higher than the current price and relative strength index less than 40. These include:
<ul>
<li>Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>)</li>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>)</li>
<li>Dayforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>)</li>
<li>BorgWarner Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>)</li>
<li>Bio-Rad Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIO#NYSE">BIO</a>)</li>
</ul>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39565545/prominent-economist-paul-krugman-says-inflation-beaten-underlines-this-as-reason-fo">Prominent Economist Paul Krugman Says &#8216;Inflation Beaten,&#8217; Underlines This As Reason For Sticky Pricing Pressure</a>
Photo: Shutterstock

Media

BBWI

BLDR

EPAM

FSLR

INTC

LULU

SMCI

S&P 500 Ends First Half Shy Of All-Time Highs. Here Are The Leaders And Laggards — And 5 Stocks That Could Outperform In Next 6 Months

Reuters Reported Boeing Agreed On Sunday To Acquire Spirit AeroSystems For $37.25/Share, In All-Stock Deal

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol></ol>
<ol>
<li>Tempus AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) shares jumped 30.43% after the company announced it received U.S. FDA 510(k) clearance for its Tempus ECG-AF device, which uses AI to help identify patients who may be at increased risk of <a href="https://www.benzinga.com//node/39502483" target="_blank" rel="noreferrer noopener">atrial fibrillation/flutter</a>.</li>
<li>Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) shares jumped 29.70% after it signed a Memorandum of Understanding (MOU) with Elentec Co, a consumer electronic battery pack manufacturing <a href="https://www.benzinga.com//node/39500706" target="_blank" rel="noreferrer noopener">company in Asia</a>. </li>
<li>Grindr Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRND#NYSE">GRND</a>) stock escalated 27.50% after the company raised its full-year revenue guidance ahead of its <a href="https://www.benzinga.com//node/39504431" target="_blank" rel="noreferrer noopener">first investor day</a>.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJTWW#NASDAQ">DJTWW</a>) equity warrant stock gained 18.33% after the company said that it expects to receive over $69.4 million from the cash exercise of warrants on <a href="https://www.benzinga.com//node/39453772" target="_blank" rel="noreferrer noopener">June 20 and 21, 2024</a>.</li>
<li>Credo Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) shares increased 18.30% after TD Cowen upgraded the stock from Hold to Buy and raised its <a href="https://www.benzinga.com/quote/CRDO/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $24 to $35</a>.</li>
<li>Tecnoglass Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGLS#NYSE">TGLS</a>) stock grew 17.90% after the company announced that its Board of Directors is reviewing the company&#8217;s strategic alternatives. Also, the company <a href="https://www.benzinga.com//node/39489521" target="_blank" rel="noreferrer noopener">reiterated its FY24 guidance</a>.</li>
<li>STAAR Surgical Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAA#NASDAQ">STAA</a>) shares are up 16.55%.</li>
<li>RXO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXO#NYSE">EXO</a>) shares gained 16.22% last week following the announcement of Coyote Logistics&#8217; <a href="https://www.benzinga.com//node/39453065" target="_blank" rel="noreferrer noopener">acquisition from UPS</a>.</li>
<li>Global-E Online Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) stock gained 16.21% last week.</li>
<li>SentinelOne Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) shares gained 15.47% after DA Davidson maintained a Neutral rating on the stock and raised its price forecast <a href="https://www.benzinga.com/quote/S/analyst-ratings" target="_blank" rel="noreferrer noopener">from $17 to $18.5</a>.</li>
</ol>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/06/39565694/moderna-and-walgreens-boots-alliance-were-among-the-10-biggest-large-cap-losers-last-week-june-23-">Moderna And Walgreens Boots Alliance Were Among The 10 Biggest Large Cap Losers Last Week (June 23 – June 29): Are These In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/06/39565519/rivian-automotive-and-carvana-were-among-the-10-biggest-large-cap-gainers-last-week-june-23-june-2">Rivian Automotive And Carvana Were Among The 10 Biggest Large Cap Gainers Last Week (June 23-June 29): Are These In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Mid Cap

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Trump Media & Technology And Grindr Were Among The 10 Biggest Mid-Cap Stock Gainers Last Week (June 23 - June 29): Are These In Your Portfolio?

Chinese President&nbsp;Xi Jinping&nbsp;has called on his nation to boost its innovation capabilities, in light of the continuing <a target="_blank" href="https://www.benzinga.com/news/24/06/39480781/xi-jinping-urges-china-to-ramp-up-tech-innovation-amid-ongoing-chip-dispute-with-us" rel="noreferrer noopener">semiconductor conflict with the U.S</a>.
A study, conducted by DeepMind, a division of Google&#8217;s parent company, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), found that the most prevalent misuse of generative AI tools is the creation of realistic yet fake images, videos and <a href="https://www.benzinga.com/news/24/06/39471997/google-deepmind-study-reveals-that-deepfakes-of-politicians-and-celebrities-more-common-than-ai-assi" target="_blank" rel="noreferrer noopener">audio of public figures</a>.
Entertainment &amp; Gaming
Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) has announced a price hike for most of its Paramount+ subscription plans, <a href="https://www.benzinga.com/general/entertainment/24/06/39470765/paramount-wants-you-to-shell-out-more-for-watching-starting-in-august-even-if-you-stream-it" target="_blank" rel="noreferrer noopener">effective in August</a>.
Sony Group Corp.‘s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation has filed a patent for a&nbsp;groundbreaking controller concept. The patent introduces a novel use of electric ink, allowing players to design a custom layout tailored to <a target="_blank" href="https://www.benzinga.com/general/gaming/24/06/39510132/design-your-own-controller-playstations-latest-patent-explained" rel="noreferrer noopener">their&nbsp;unique play style</a>.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Blizzard has announced a second Public Test Realm (PTR) for &#8220;Diablo 4,&#8221; focusing on Season 5. This follows the first PTR in April, <a href="https://www.benzinga.com/top-stories/24/06/39488706/get-ready-for-diablo-4-season-5-ptr-highlights-and-expansion-teasers" target="_blank" rel="noreferrer noopener">which previewed Season 4</a>.
Read: <a target="_blank" href="https://www.benzinga.com/general/gaming/24/06/39491189/pok-mon-palworld-controversy-teaches-this-developer-a-lesson-i-try-to-avoid-creating-new-things" rel="noreferrer noopener">Pokémon, Palworld Controversy Teaches This Developer A Lesson: &#8216;I Try To Avoid Creating New Things&#8217;</a>
Smartphones
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) plans to significantly reduce its&nbsp;iPhone&nbsp;assembly workforce by as much as 50% over the next few years and is facing headwinds <a href="https://www.benzinga.com/news/24/06/39474703/tim-cooks-goal-to-slash-assembly-workers-by-up-to-50-faces-setback-apple-reportedly-facing-precision" target="_blank" rel="noreferrer noopener">due to precision issues</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39467166/dan-ives-says-apple-stock-is-headed-to-300-tim-cook-could-claim-godfather-of-ai-tit" rel="noreferrer noopener">Dan Ives Says Apple Stock Is Headed To $300, Tim Cook Could Claim &#8216;Godfather Of AI&#8217; Title: &#8216;It&#8217;s Their Castle&#8217;</a>
Apple has introduced Rich Communication Services (RCS) support in its Messages app with the latest update in the iOS 18 second developer beta, marking a major enhancement in&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/06/39502459/apple-introduces-iphone-update-improves-texting-with-android-users" rel="noreferrer noopener">cross-platform messaging capabilities</a>.
Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39503743/apple-to-gain-market-share-with-ai-smartphone-says-bullish-analyst-skate-to-where-t" target="_blank" rel="noreferrer noopener">Apple To Gain Market Share With AI Smartphone, Says Bullish Analyst: &#8216;Skate To Where The AI Puck Is Going&#8217;</a>
Apple is reportedly struggling to&nbsp;develop a cheaper version&nbsp;of its first-generation <a href="https://www.benzinga.com/news/24/06/39449011/apple-struggling-to-create-its-cheaper-vision-pro-model-says-expert-its-dealing-with-some-difficult" target="_blank" rel="noreferrer noopener">mixed-reality headset, Vision Pro</a>.
Apple has reportedly rejected a proposal from Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to integrate its AI chatbot, <a href="https://www.benzinga.com/news/24/06/39470144/apple-reportedly-said-no-to-metas-offer-for-iphone-ai-integration-due-to-privacy-policy-concerns" target="_blank" rel="noreferrer noopener">Llama</a><a href="https://www.benzinga.com/news/24/06/39470144/apple-reportedly-said-no-to-metas-offer-for-iphone-ai-integration-due-to-privacy-policy-concerns" target="_blank" rel="noreferrer noopener">, into the iPhone</a>.
Also Read: <a href="https://www.benzinga.com/news/24/06/39449125/apple-glass-potential-competitor-to-ray-ban-meta-smart-glasses-may-take-longer-to-develop-report" target="_blank" rel="noreferrer noopener">Apple Glass, Potential Competitor To Ray-Ban Meta Smart Glasses, May Take Longer To Develop: Report</a>
Apple has reportedly started&nbsp;enabling Rich Communication Services&nbsp;or RCS on its latest&nbsp;iOS 18&nbsp;beta, according to user <a href="https://www.benzinga.com/news/24/06/39495756/green-bubbles-with-read-receipts-apple-starts-enabling-rcs-on-latest-ios-18-beta-say-users" target="_blank" rel="noreferrer noopener">reports on social media</a>.
Technology
Alphabet&#8217;s Google has detailed the potential costs and implications of allowing third-party app stores, such as the Epic Games Store, to operate within the <a target="_blank" href="https://www.benzinga.com/general/gaming/24/06/39487815/epic-games-store-on-google-play-heres-what-it-could-cost" rel="noreferrer noopener">Google Play Store</a>.
Meta Platforms has been under fire for mislabeling real&nbsp;photos as AI-generated on its social networks, a move that has sparked outrage among <a href="https://www.benzinga.com/news/24/06/39472462/mark-zuckerbergs-meta-faces-backlash-for-mislabeling-real-photos-as-made-with-ai" target="_blank" rel="noreferrer noopener">photographers and users</a>.
In a surprising turn of events, Meta Platforms&#8217; Instagram and Threads users discovered an unexpected alteration to their political content settings, sparking a wave of discontent and concern among users <a href="https://www.benzinga.com/news/24/06/39508227/meta-faces-backlash-over-instagram-threads-political-content-settings" target="_blank" rel="noreferrer noopener">and industry experts alike</a>.
Meta Platforms CEO Mark Zuckerberg went ahead with a social media post despite his PR team&#8217;s objections, causing a stir <a href="https://www.benzinga.com/news/24/06/39497848/mark-zuckerbergs-pr-team-couldnt-stop-him-from-posting-my-spine-has-been-surgically-removed-said-for" target="_blank" rel="noreferrer noopener">within the company</a>. The company is <a href="https://www.benzinga.com/general/gaming/24/02/37305770/mark-zuckerberg-on-a-mission-to-outdo-apple-vision-pro-meta-ceo-reportedly-eyes-south-korean-colla" target="_blank" rel="noreferrer noopener">reportedly experimenting</a> with a new feature for its Quest headsets, which allows users to freely position windows in a manner similar to <a href="https://www.benzinga.com/news/24/06/39493929/mark-zuckerbergs-meta-reportedly-tests-apple-vision-pro-like-feature-for-quest-headsets" target="_blank" rel="noreferrer noopener">Apple&#8217;s</a><a href="https://www.benzinga.com/news/24/06/39493929/mark-zuckerbergs-meta-reportedly-tests-apple-vision-pro-like-feature-for-quest-headsets" target="_blank" rel="noreferrer noopener"> </a><a href="https://www.benzinga.com/news/24/06/39493929/mark-zuckerbergs-meta-reportedly-tests-apple-vision-pro-like-feature-for-quest-headsets" target="_blank" rel="noreferrer noopener">Vision Pro</a>.
Twitter&nbsp;co-founder and&nbsp;Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) CEO&nbsp;Jack Dorsey has warned about a future where distinguishing between reality and fabrication will become increasingly challenging due to&nbsp;the <a target="_blank" href="https://www.benzinga.com/news/24/06/39449884/twitter-co-founder-jack-dorsey-thinks-deepfakes-are-taking-us-toward-a-simulated-future-elon-musk-as" rel="noreferrer noopener">proliferation of deepfakes</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39470409/tesla-investor-ross-gerber-shook-by-apple-taking-away-those-free-stickers-i-was-sad" rel="noreferrer noopener">Tesla Investor Ross Gerber Shook By Apple Taking Away Those Free Stickers: &#8216;I Was Sad&#8217;</a>
X CEO&nbsp;Linda Yaccarino has made significant&nbsp;changes to her leadership team&nbsp;as the company faces financial challenges and increasing pressure from&nbsp;Elon Musk&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/06/39448709/under-pressure-from-elon-musk-linda-yaccarino-reshuffles-x-to-focus-on-boosting-sales-and-reducing-c" rel="noreferrer noopener">to reduce costs and boost sales</a>.
Artificial Intelligence (AI)
OpenAI, backed by Microsoft, has reportedly announced its plans to restrict access to its tools and software <a href="https://www.benzinga.com/news/24/06/39476585/chatgpt-maker-openai-to-restrict-access-to-ai-tools-in-china-amid-rising-tensions-report" target="_blank" rel="noreferrer noopener">in China starting in July</a>.
OpenAI has decided to take measures to restrict access to its artificial intelligence tools in China. The company, backed by&nbsp;Microsoft, has reportedly sent out <a target="_blank" href="https://www.benzinga.com/news/24/06/39494097/chatgpt-parent-openai-to-block-access-to-ai-tools-amid-growing-tech-tensions-between-washington-and" rel="noreferrer noopener">warnings to developers in China</a>.
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39509885/customers-like-googles-ai-overviews-but-still-prefer-chatgpt-at-work-survey" rel="noreferrer noopener">Customers Like Google&#8217;s AI Overviews, But Still Prefer ChatGPT At Work: Survey</a>
OpenAI&#8217;s innovative text-to-video tool, Sora, has been used to produce a brand film for Toys &#8220;R&#8221; Us, indicating a potential game-changer for small studios and<a href="https://www.benzinga.com/news/24/06/39496418/could-openais-sora-be-a-boon-for-small-studios-and-indie-content-creators-new-toys-r-us-origin-story" target="_blank" rel="noreferrer noopener"> independent content creators</a>.
OpenAI has also decided to delay the release of its highly anticipated&nbsp;voice assistant feature&nbsp;for&nbsp;ChatGPT, citing the need to <a href="https://www.benzinga.com/news/24/06/39493705/openai-postpones-launch-of-voice-assistant-a-month-after-scarlet-johansson-blasted-the-chatgpt-paren" target="_blank" rel="noreferrer noopener">address safety issues</a>.
Dario Amodei, CEO of&nbsp;Anthropic, an AI startup backed by Google and&nbsp;Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>),&nbsp;has affirmed his commitment to AI safety, irrespective <a href="https://www.benzinga.com/news/24/06/39450394/whether-donald-trump-wins-election-or-joe-biden-jeff-bezos-backed-anthropics-ceo-says-my-message-is" target="_blank" rel="noreferrer noopener">of the result of the&nbsp;2024 elections</a>.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/06/39448808/anthropic-ceo-dario-amodei-advocates-for-a-more-comprehensive-solution-than-universal-basic-income-t" rel="noreferrer noopener">Anthropic CEO Dario Amodei Advocates For A More Comprehensive Solution Than Universal Basic Income To Tackle AI-Induced Inequality: &#8216;I Would Much Prefer A World…&#8217;</a>
Synthesia, a British AI startup, has unveiled new product updates, including the ability to create AI avatar presentations using<a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39450179/now-make-apple-style-presentations-using-just-your-phone-or-webcam-thanks-to-this-nvidia-backed-" rel="noreferrer noopener"> just a laptop webcam or a phone</a>.
Read: <a href="https://www.benzinga.com/top-stories/24/06/39487208/openai-touts-phd-level-intelligence-for-chatgpt-doctors-joke-its-not-taking-anyones-job" target="_blank" rel="noreferrer noopener">OpenAI Touts&#8217; PhD Level&#8217; Intelligence For ChatGPT, Doctors Joke It&#8217;s &#8216;Not Taking Anyone&#8217;s Job&#8217;</a>
Photo: Shutterstock

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SONY

What's New In the Consumer Tech World Last Week ? News That You Should Know (June 23 - June 29, 2024)

Legal

Reuters Reported U.S. Negotiating Plea Agreement With Boeing Arising From Fatal-Crashes Settlement Violation, Citing Sources

In light of former President Donald Trump&#8216;s recently perceived triumph at the presidential debate, world leaders are gearing up for the possibility of a second Trump administration. This comes despite international audiences <a href="https://www.benzinga.com/news/24/06/39445709/trump-vs-biden-rasmussen-poll-now-shows-one-candidate-has-huge-lead-over-other-with-just-4-months-be">expressing more confidence in President Joe Biden.</a>
What Happened: Trump&#8217;s robust performance in the recent debate has triggered a sense of urgency among global leaders. This is despite a Pew <a href="https://www.pewresearch.org/global/2024/06/11/globally-biden-receives-higher-ratings-than-trump/">poll</a> showing that respondents from over 30 countries have more faith in Biden&#8217;s foreign policy decisions. However, the potential for Trump&#8217;s return to power is being taken seriously.
With global confidence in Trump at a low, U.S. allies are getting ready for an America that might withdraw from global affairs due to policy shifts or internal turmoil. 
While diplomatic etiquette typically discourages foreign representatives from commenting on another country&#8217;s elections, high-ranking foreign officials have maintained ties with Trump and his national security team.
As reported <a href="https://thehill.com/policy/international/4746984-trump-debate-world-leaders-prepare/">by</a> The Hill, meetings between Trump and key figures such as British Foreign Secretary David Cameron, Polish President Andrzej Duda, and outgoing NATO Secretary-General Jens Stoltenberg, suggest a deliberate effort to sustain relationships.
Concurrently, Asian allies are strengthening ties with each other and Europe to counter Trump&#8217;s threats to abandon security commitments. 
Also Read: <a href="https://www.benzinga.com/news/24/06/39563725/biden-widely-criticized-over-debate-performance-but-poll-also-points-to-concerning-signs-for-trump">Biden Widely Criticized Over Debate Performance, But Poll Also Points To Concerning Signs For Trump</a>
Despite the unease over a second Trump administration, diplomats are drawing on their previous successes with Trump as a blueprint for potential future interactions. 
As NATO prepares to assume America&#8217;s leading role in supporting Ukraine, European and Asian leaders are setting the stage for continued engagement with Trump&#8217;s team. 
Why It Matters: The international community&#8217;s preparation for a potential second Trump administration underscores the global impact of U.S. presidential elections. 
This highlights the importance of maintaining diplomatic relationships, regardless of changing political landscapes. 
The actions of global leaders indicate a readiness to adapt to potential shifts in U.S. foreign policy, demonstrating the interconnectedness of global politics and the significance of U.S. leadership on the world stage.
Now Read: <a href="https://www.benzinga.com/news/24/06/39243266/ex-colleagues-of-judge-in-donald-trumps-hush-money-case-say-former-president-will-most-likely-face-t">Ex-Colleagues Of Judge In Donald Trump&#8217;s Hush-Money Case Say Former President Will Most Likely Face This Sentence</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

As Trump Prepares For Comeback, Latest Pew Poll Reveals Which Presidential Candidate Rest Of World Prefers

Nikki Haley, the former GOP presidential primary candidate, has urged ex-President <a href="https://www.benzinga.com/news/24/06/39563725/biden-widely-criticized-over-debate-performance-but-poll-also-points-to-concerning-signs-for-trump">Donald Trump to prepare for a younger Democratic rival. </a>
What Happened: The advice came in the wake of President Joe Biden&#8216;s debate performance, which raised eyebrows among his party members. 
"They are going to be smart about it: they're going to bring somebody younger, they're going to bring somebody vibrant, they're going to bring somebody tested," Haley <a href="https://www.wsj.com/politics/elections/haley-warns-trump-to-prepare-for-younger-rival-renews-call-for-cognitive-tests-5c6d7294">told</a> the Wall Street Journal in an interview published on Saturday. 
"This is a time for Republicans to prepare and get ready for what's to come because there is no way that there will be a surviving Democratic party if they allow Joe Biden to continue to be the candidate," she added.
Haley, who viewed the debate from her home in South Carolina, said she quickly deduced that Biden was facing serious challenges. 
&#8220;What we saw was that Trump was strong, but I don't even think that mattered because Biden was so amazingly unfit,&#8221; Haley stated, according to the outlet.
Also Read: <a href="https://www.benzinga.com/news/24/06/39565047/outside-last-weeks-debate-trump-gained-momentum-with-two-major-developments-for-better-or-worse">Outside Last Week&#8217;s Debate, Trump Gained Momentum With Two Major Supreme Court Developments — For Better Or Worse</a>
During the debate, Biden&#8217;s voice was noticeably hoarse and he seemed to struggle with his words. This caused unease among his party members, including those who had previously worked with ex-President Barack Obama. 
Jon Favreau, a former speechwriter for the Obama administration and co-host of "Pod Save America," voiced his concerns about the debate on a social platform.
Why It Matters: Haley&#8217;s advice to Trump indicates a shift in the political landscape, with the possibility of a younger candidate emerging as a strong contender. 
Biden&#8217;s debate performance has sparked concerns about his ability to effectively lead and communicate his policies. This could potentially open the door for a younger, more dynamic candidate to step into the political arena.
However, Biden&#8217;s team remains steadfast in their support for him, dismissing any suggestions of him stepping down. This highlights the ongoing tension within the political sphere, with the future of the Democratic nomination still uncertain.
Now Read: <a href="https://www.benzinga.com/news/24/06/39563864/these-are-the-top-democratic-contenders-who-could-succeed-biden-if-president-were-to-bow-out-of">These Are The Top Democratic Contenders Who Could Succeed Biden If President Were To Bow Out Of</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Haley Advises Trump To Prepare For Younger Rival In Light Of Biden's Debate: 'They're Going To Bring Somebody Younger'

Warren Buffett, the fast-food enthusiast and CEO of Berkshire Hathaway Inc., embarked on a unique culinary journey during his 17-day trip to China in 1995, courtesy of his close friends, Bill Gates and Melinda Gates.
What Happened: The Gateses ensured that Buffett&#8217;s dietary preferences were well catered to during the trip. They coordinated with the tour company to instruct hotel chefs on how to prepare Buffett&#8217;s favorite meal: burgers and fries.
Buffett, known for his unconventional diet that includes McDonald&#8217;s for breakfast, See&#8217;s Candies, Dairy Queen ice cream, and five cans of Coke daily, found his trip to China a significant deviation from his usual eating habits, <a href="https://www.businessinsider.com/warren-buffett-bill-gates-china-burgers-fries-coke-mcdonalds-diet-2024-6">according</a> to Business Insider.
In her biography of Buffett, &#8220;The Snowball: Warren Buffett and the Business of Life,&#8221; author Alice Schroeder writes, &#8220;To his delight he was served course after course of his French fries — even for dessert.&#8221;
According to Schroeder, before leaving for China, the Gateses asked Buffett to fill out a questionnaire detailing his food preferences. Remembering a challenging 15-course sushi meal in 1989 where he ate nothing, Buffett cautiously responded, &#8220;I don&#8217;t eat any Chinese food. If necessary, serve me rice and I&#8217;ll just move it around on my plate, and I&#8217;ll go back to my room afterward and eat peanuts.&#8221;
Also Read: <a href="https://www.benzinga.com/news/24/01/36815518/this-is-how-much-warren-buffetts-company-missed-out-on-by-dumping-costco-stock-in-2020">This Is How Much Warren Buffett&#8217;s Company Missed Out On By Dumping Costco Stock In 2020</a>
&#8220;Waiters placed course after course on the rotating platters: tea-smoked duck, twice-cooked pork with chili sauce, spicy chicken, and Sichuan hot pot,&#8221; Schroeder wrote in the book.
Buffett&#8217;s culinary adventure in China also included burgers and fries at restaurants during sightseeing. On reaching the Great Wall on the third day, Buffett was greeted with Cherry Coke, while the rest of the party enjoyed Champagne.
At the conclusion of the tour, Schroeder notes, &#8220;Buffett towed the Gateses straight to McDonald&#8217;s to buy hamburgers in the middle of the night.&#8221;
Why It Matters: This anecdote highlights the lengths to which the Gateses went to ensure Buffett&#8217;s comfort during the trip. It also underscores Buffett&#8217;s well-known love for fast food, which is an integral part of his daily routine. 
This trip was a significant departure from his usual dietary habits, but it seems that with the help of his friends, Buffett was able to enjoy his favorite meals even in another country.
Now Read: <a href="https://www.benzinga.com/news/23/03/31512478/warren-buffetts-success-mantra-the-amount-you-are-loved-is-the-ultimate-measure-of-success-in-life">Warren Buffett&#8217;s Success Mantra: &#8216;The Amount You Are Loved Is The Ultimate Measure Of Success In Life&#8217;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Warren Buffett Went To China With Bill Gates Once — And Didn't Eat Chinese Food

Joe Biden&#8217;s dismal performance against Donald Trump at the first debate has <a href="https://www.benzinga.com/markets/equities/24/06/39563622/is-kamala-harris-the-answer-to-joe-bidens-shortcomings-poll-hints-at-voter-sentiment-toward-poss">stirred talks of the president being replaced as the Democratic party&#8217;s candidate</a>. A new flash poll assessed debate viewership and voter opinions on the debate&#8217;s outcome.
Biden Vs. Trump &#8211; Approval Rating: Merely 32% of the respondents who watched or read about the debate approved Biden&#8217;s performance, Data for Progress&#8217; flash poll <a href="https://www.filesforprogress.org/datasets/2024/6/dfp_post_first_presidential_debate.pdf">showed.</a> The percentage was a steeper 63% among Democrats.
The June 28 survey contacted 1,011 likely voters nationwide. The margin of error associated with the sample size is ±3 percentage points.
On the other hand, 51% of likely voters who watched or read about the debate approved of Trump&#8217;s performance.
The net approval rating for Biden was a negative 50 points among independents compared to a negative 5 points for Trump. Among Republicans, the net approval ratings for Biden and Trump were at -85 points and +84 points, respectively.
See Also: <a href="https://www.benzinga.com/news/24/06/39565205/trumps-niece-says-ex-president-had-apocalyptically-disastrous-debate-deserves-no-praise-for-lying-fo">Trump&#8217;s Niece Says Ex-President Had &#8216;Apocalyptically Disastrous&#8217; Debate: &#8216;Deserves No Praise For Lying Forcefully Or Denigrating America&#8217;</a>
Biden Vs. Trump: The Winner Is&#8230; The percentage of likely voters who said Biden won the debate was a more modest 30%, while 62% said Trump came out on top. Eight percent said they did not know. Ninety-five percent of Republicans and 68% of independents said the former president won the debate, while only 27% of Democrats named Trump as the winner. Sixty-one percent of Democrats picked Biden as the winner.
Biden&#8217;s Age A Pushback? Sixty-seven percent of voters said Biden was too old to be president, while 35% said the same about Trump. The pollster noted that the percentage of likely voters who said Biden was old was almost similar to the responses received before and after his State of the Union address.
Following the debate, 53% of voters said they were more concerned about Biden's age and physical and mental health, up three points from an earlier survey done in late April, while a more modest 42% said they were more concerned about Trump's criminal charges and threats to democracy.
Alternatives To Biden? In a two-way matchup between Biden and Trump, the latter edged out the former by a 48%-45% margin. While Trump&#8217;s vote share remained relatively stable, the number of respondents who answered &#8220;don&#8217;t know&#8221; grew.
The survey also asked voters about hypothetical matchups between Trump and Vice President Kamala Harris, Michigan Governor Gretchen Whitmer, Pennsylvania Governor Joshua Shapiro, California Governor Gavin Newsom, Illinois Governor Jay Pritzker, Secretary of Transportation Pete Buttigieg, Sen. Amy Klobuchar (D-Minn.), and Sen. Cory Booker (D-N.J.)
Harris performed the same as Biden in a head-to-head matchup against Trump, and no other alternative candidate performed significantly better than Biden against Trump in a head-to-head race.
When asked who should replace Biden as the Democratic nominee if he were to drop out, Harris received 39% of the votes, followed by Newsom with 18% and Buttigieg with 10%.
Read Next: <a href="https://www.benzinga.com/money/how-to-invest-in-startups">How To Invest In Startups</a>
Photo: Shutterstock

Biden Vs. Trump Race Sees President Trailing After Thursday's Debate. Do Any Of Democratic Alternatives Stand A Chance Against Ex-President?

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol></ol>
<ol>
<li>Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) shares tumbled 24.12% after the company reported mixed Q3 earnings and lowered 2024 guidance <a href="https://www.benzinga.com//node/39523397" target="_blank" rel="noreferrer noopener">below consensus estimates</a>. Analysts cut the price <a href="https://www.benzinga.com/quote/wba/analyst-ratings" target="_blank" rel="noreferrer noopener">forecasts on the stock</a>.</li>
<li>Floor &amp; Decor Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) shares lost 13.41%, possibly in reaction to worse-than-expected May Pending Home Sales economic data.  </li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares fell 11.76% after the company&#8217;s RSV vaccine <a href="https://www.benzinga.com//node/39508239" target="_blank" rel="noreferrer noopener">showed 50% efficacy</a>.</li>
<li>Birkenstock Holding Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) stock declined 10.86% after the company announced an offering of up to 14 million ordinary <a href="https://www.benzinga.com//node/39467369" target="_blank" rel="noreferrer noopener">shares by a selling shareholder</a>.</li>
<li>BeiGene, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) shares went down by 9.70% in the last week.</li>
<li>Pool Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POOL#NASDAQ">POOL</a>) stock fell 9.19% after the company after the company <a href="https://www.benzinga.com//node/39484866" target="_blank" rel="noreferrer noopener">cut its FY24 EPS guidance</a>.</li>
<li>JD.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) stock fell 8.89% after the U.S. unveiled rules to curb <a href="https://www.benzinga.com//node/39521291" target="_blank" rel="noreferrer noopener">investments in Chinese technology</a>.</li>
<li>Ecopetrol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EC#NYSE">EC</a>) stock dived 8.02%</li>
<li>International Paper Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IP#NYSE">IP</a>) shares declined 7.98% after Suzano SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUZ#NYSE">SUZ</a>) said it would not pursue the <a href="https://www.benzinga.com//node/39519611" target="_blank" rel="noreferrer noopener">acquisition transaction</a>.</li>
<li>Micron Technology Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) stock lost 7.62% last week following <a href="https://www.benzinga.com//node/39520174" target="_blank" rel="noreferrer noopener">Q3 earnings and a Q4 outlook</a>.</li>
</ol>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/06/39565519/rivian-automotive-and-carvana-were-among-the-10-biggest-large-cap-gainers-last-week-june-23-june-2">Rivian Automotive And Carvana Were Among The 10 Biggest Large Cap Gainers Last Week (June 23-June 29): Are These In Your Portfolio?</a></li>
</ul>
Photo by Lutsenko_Oleksandr on Shutterstock

APTV

BGNE

BIRK

MRNA

POOL

Moderna And Walgreens Boots Alliance Were Among The 10 Biggest Large Cap Losers Last Week (June 23 - June 29): Are These In Your Portfolio?

In the ongoing battle over Florida&#8217;s constitutional amendments to <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" target="_blank" rel="noreferrer noopener">legalize recreational marijuana</a> and access to abortion, Governor <a href="https://www.benzinga.com/topic/ron-desantis">Ron DeSantis</a> is facing a huge fundraising disadvantage. His <a href="https://www.benzinga.com/markets/cannabis/24/06/39279951/desantis-new-freedom-fund-has-2-stated-goals-defeat-cannabis-legalization-and-abortion-amendment">recently created</a> Florida Freedom Fund, with the stated goal of defeating these two amendments has raised a meager $10,000 — an amount that pales in comparison to the millions amassed by proponents of the <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">cannabis amendment</a>.  
<a href="https://www.benzinga.com/markets/cannabis/24/04/38313915/cannabis-in-florida-the-bellamy-brothers-tell-trulieve-ceo-we-rolled-a-fat-one-when-legalization" target="_blank" rel="noreferrer noopener">Smart &amp; Safe Florida</a>, the committee leading the initiative, which is the best-funded cannabis legalization amendment in American history, reported it had has raised over <a href="https://www.benzinga.com/markets/cannabis/24/06/39455304/desantis-fierce-opposition-notwithstanding-floridas-cannabis-legalization-amendment-shatters-all">$60 million</a>, according to June 10 campaign filings. DeSantis' Freedom Fund reported having raised $10,000 in the five weeks of fundraising activity ending June 21, <a href="https://floridapolitics.com/archives/682069-ron-desantis-florida-freedom-fund-off-to-slow-fundraising-start/">according</a> to Florida Politics. Both amendments will be decided in the <a href="https://www.benzinga.com/topic/2024-election">November 2024 elections</a>. Florida-based <a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative">Trulieve</a> (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>) has reportedly spent more than $40 million to get the measure on the ballot.
As part of DeSantis&#8217; criticism of the cannabis legalization initiative, known as Amendment 3, he has called legal marijuana a gateway to turning Florida into cities like San Francisco or Chicago, reeking of weed smoke with people consuming wherever and whenever they choose. He <a href="https://www.benzinga.com/markets/cannabis/24/06/39311053/desantis-blasts-cannabis-legalization-amendment-says-people-will-be-able-to-bring-20-joints-to-a">said</a> at a mid-June press event that, if legalized in Florida, people will &#8220;be able to bring what, 20 joints to an elementary school.&#8221;
"We are working with a lot of stakeholders who are interested in making sure that we defeat Amendment 3, which would basically do marijuana, wherever you want, just smoke it, take it. And it would turn Florida into San Francisco, or Chicago, or some of these places," DeSantis <a href="https://www.benzinga.com/markets/cannabis/24/06/39492507/desantis-says-cannabis-legalization-amendment-will-protect-weed-rights-better-than-1st-2nd-amend">said</a>. "We already have medical marijuana, it's out there. But we got to keep our streets clean, we cannot have every town smelling like marijuana."
This is despite a recent&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/06/39261393/trump-holds-4-point-edge-over-biden-in-florida-rematch-can-cannabis-tilt-the-scale-as-majority-s" target="_blank" rel="noreferrer noopener">Fox News poll</a>&nbsp;showing that 69% of Floridians support the abortion-access initiative and 66% favor legalizing adult-use cannabis.
Related: <a href="https://www.benzinga.com/markets/cannabis/24/06/39492507/desantis-says-cannabis-legalization-amendment-will-protect-weed-rights-better-than-1st-2nd-amend">DeSantis Says Cannabis Legalization Amendment Will Protect Weed Rights Better Than 1st, 2nd Amendments Protect Free Speech, Gun Rights</a>
<h2 class="wp-block-heading">Speaking Of Money</h2>
At a&nbsp;roundtable in mid-June, <a href="https://www.benzinga.com/markets/cannabis/24/06/39346531/desantis-cant-get-past-the-odor-of-weed-to-smell-the-flowers-specifically-430m-annually-in-canna">Safe &amp; Smart quoted economists</a> who estimate that legalizing marijuana could generate between $195 million and $431 million annually in sales tax revenue, providing a significant boost to the state's economy. Florida is not unique either. Other legal&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/05/38712820/legal-cannabis-states-raked-in-20b-since-2014-peaking-at-4b-in-2023-new-report-shows" target="_blank" rel="noreferrer noopener">weed states are doing it</a>&nbsp;to the tune of&nbsp;$20 billion in tax revenue.
Photo: Shutterstock

Cannabis

Government

Regulations

TCNNF

DeSantis' Anti-Cannabis 'Florida Freedom Fund' Raises Barely A Fraction Of Legalization Committee's $60M

In a tweet on Sunday, Tesla CEO Elon Musk expressed criticism over the Democratic Party&#8217;s continued support for President Joe Biden, <a href="https://www.benzinga.com/news/24/06/39563864/these-are-the-top-democratic-contenders-who-could-succeed-biden-if-president-were-to-bow-out-of">likening him to a &#8220;pincushion.&#8221;</a>
What Happened: On Sunday, Musk took to social media platform X to share his thoughts on the current presidential race.
He retweeted a post by The New Yorker, which contained a link to an article by the publication&#8217;s editor, David Remnick, criticizing Biden&#8217;s insistence on remaining the Democratic candidate.
Musk added his own commentary, stating, &#8220;Even Remnick is knifing Biden! There are so many Dem knives in Biden's back right now, he's basically a pincushion.&#8221;
<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">Even Remnick is knifing Biden! There are so many Dem knives in Biden's back right now, he's basically a pincushion.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1807341009161908408?ref_src=twsrc%5Etfw">June 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The tweet came amidst growing criticism of Biden within his own party, with Musk&#8217;s comments highlighting the increasing dissent.
Also Read: <a href="https://www.benzinga.com/news/24/06/39565047/outside-last-weeks-debate-trump-gained-momentum-with-two-major-developments-for-better-or-worse">Outside Last Week&#8217;s Debate, Trump Gained Momentum With Two Major Supreme Court Developments — For Better Or Worse</a>
The billionaire entrepreneur also shared his thoughts on a tweet by Tucker Carlson about the president. Carlson&#8217;s tweet, which featured a video of him addressing an audience and was posted on Saturday, touched on the president&#8217;s perceived dementia &#8220;as seen from 10,000 miles away.&#8221;
<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">Makes a good point about democracy <a href="https://t.co/qQ23BhgVjj">https://t.co/qQ23BhgVjj</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1807342765795156100?ref_src=twsrc%5Etfw">June 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk responded to Carlson by stating that the video &#8220;makes a good point about democracy.&#8221; 
Why It Matters: Musk&#8217;s tweet underscores the growing divide within the Democratic party over Biden&#8217;s leadership. The Tesla CEO&#8217;s comments reflect the sentiments of many within the party who believe that Biden&#8217;s continued candidacy could be detrimental to the party&#8217;s chances in the upcoming elections.
Furthermore, Musk&#8217;s criticism of Biden could potentially influence public opinion and further intensify the ongoing debate within the party.
Now Read: <a href="https://www.benzinga.com/news/24/06/39563725/biden-widely-criticized-over-debate-performance-but-poll-also-points-to-concerning-signs-for-trump">Biden Widely Criticized Over Debate Performance, But Poll Also Points To Concerning Signs For Trump</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Elon Musk Calls Out New Yorker Piece Criticizing Joe Biden: 'So Many Dem Knives In Biden's Back Right Now, He's Basically A Pincushion'

Grupo Bimbo, S.A.B. de C.V. (GRBMF) Q2 2023 Earnings Call Transcript

Grupo Bimbo Not Quite In The Sweet Spot Just Yet

Flowers Foods: A Healthy Dividend, With Shares Near A Strong Entry Point

Grupo Bimbo, S.A.B. de C.V. (GRBMF) Q3 2023 Earnings Conference Call Transcript

Grupo Bimbo, S.A.B. de C.V. (GRBMF) Q4 2023 Earnings Call Transcript

Grupo Bimbo, S.A.B. de C.V. (GRBMF) Q1 2024 Earnings Call Transcript

Share Loss And Margin Compression At Grupo Bimbo Leave A Sour Taste

GRBMF

JJSF

LANC

Press Releases

OTC Markets Group Welcomes Grupo Bimbo S.A.B. de C.V. to OTCQX

Small Cap

Grupo Bimbo Recognized as One of The World's Most Ethical Companies for the 8th Consecutive Year

OTCM

Grupo Bimbo

<div>Harbinger, a startup building medium-duty electric commercial vehicle chassis, announced Tuesday 4,000 vehicle pre-orders valued at more than $400 million.&nbsp;</div>

Among companies ordering electric vehicle chassis from Harbinger is Bimbo Bakeries USA, the U.S. business unit of Grupo Bimbo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMBOY#OTC">BMBOY</a>), the world&#39;s largest baking company. Harbinger also received an order from Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), one of the world&#39;s largest recreational vehicle manufacturers, the company said.

&quot;While other new entrants struggle to fill their order pipelines, we have extensive pre-orders and backed-up demand for our medium-duty electric vehicles&quot; John Harris, Harbinger&#39;s CEO, said in a news release. &quot;We are laser focused on the medium-duty vehicle segment, where there is a huge variety of vehicles built on chassis like ours including walk-in vans, box trucks, recreational vehicles, delivery vans, school buses, emergency and disaster response vehicles and more.&quot;

Harbinger also announced it had closed an additional $13 million in Series A funds in the fourth quarter of 2023 from venture and strategic investors, including additional funding from the Coca-Cola System Sustainability Fund, managed by Greycroft.<script async src="https://securepubads.g.doubleclick.net/tag/js/gpt.js"></script> 
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Previously, Harbinger announced it had raised $60 million in Series A funds, bringing the Series A total to $73 million. The electric chassis maker will use the additional funds to continue expanding its manufacturing capacity and launch commercial production by the end of the year.

Harbinger, founded in 2021, aims to disrupt and electrify the medium-duty commercial vehicle market in the Class 4 to 6 range.

The company has its headquarters and manufacturing operations in Garden Grove, California, about 30 miles south of Los Angeles. Harbinger currently employs 120 people.<script async src=""https://securepubads.g.doubleclick.net/tag/js/gpt.js""></script> 
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Harbinger assembles its electric vehicle stripped chassis, then sells them to a dealer or specialty upfitter, or directly to customers. From there, the dealer or customer works with a third party to upfit the chassis with a commercial or specialty body.

Harbinger&#39;s electric chassis includes an 800-volt liquid-cooled battery system, with capacity scalable in 35-kilowatt-hour increments up to 200 miles of range. The battery packs are designed for one-hour direct current fast-charging capability.

The majority of the vehicles in Harbinger&#39;s 4,000-unit order, including those for Bimbo Bakeries USA, are intended for upfit into walk-in vans.

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&quot;Partnering with Harbinger to expand our robust fleet of alternatively fueled vehicles is an important step in reducing our carbon emissions and dependencies on fossil fuels&quot; Christopher Wolfe, Bimbo Bakeries USA&#39;s senior director of sustainability, said in a statement.

Thor Industries and Bimbo Bakeries USA are not disclosing the number of chassis they have ordered, but &quot;Bimbo has placed a substantial multi-year order&quot; a spokesperson for Harbinger said.

Other firms making orders include Doggett Equipment Services Group (500 units); Campbell Supply (125 units); GATR Truck Center (500 units); Ethero Truck + Energy (200 units); Electric Commercial Vehicles (ECV), an affiliate of Smyrna Truck (50 units); and postal service operator Mail Management Services (40 units).&nbsp;

Officials for Campbell Supply said they have a backlog of orders for medium-duty vehicles. Iowa Falls, Iowa-based Campbell Supply is a commercial and emergency vehicle dealership serving the northeastern U.S. The company is one of Freightliner&#39;s largest dealers.

&quot;Demand outstrips supply for the entire medium-duty category as we have a multi-year backlog for electric, diesel and gasoline vehicles&quot; Scott Campbell, owner of Campbell Supply, said in a statement. &quot;Electric vehicles have a big place in the market and that segment is only going to continue to grow.&quot;<script async src="https://securepubads.g.doubleclick.net/tag/js/gpt.js"></script> 
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The post <a href="https://www.freightwaves.com/news/ev-startup-harbinger-snags-400m-in-commercial-vehicle-chassis-orders" rel="nofollow">EV startup Harbinger snags $400M in commercial vehicle chassis orders</a> appeared first on <a href="https://www.freightwaves.com" rel="nofollow">FreightWaves</a>.

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Latest news for Grupo Bimbo (OTC:BMBOY) Stock

Tuesday, May 21, 2024