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Balwin Properties Ltd is South Africa's residential property developer of large-scale, sectional title estates with a focus on high quality, environmentally efficient and affordable apartments with an lifestyle offering for residents. The operating segments of the company includes Sale of apartments, Provision of services to residential estates, Bond commission, Residential and commercial property rentals and Balwin Foundation. It generates majority of the revenue from Sale of apartments segment.

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In a display of opulence,&nbsp;Jeff Bezos&#8216; <a href="https://www.benzinga.com/general/entertainment/23/05/32618155/jeff-bezos-500m-superyacht-is-so-big-it-has-a-support-boat-with-a-helipad-crane-and-storage">superyacht &#8220;Koru&#8221;</a> stole the spotlight at the annual St. Barts festival, where 173 billionaires showcased their superyachts.
What Happened: The event took place as&nbsp;2024 came to a close,&nbsp;with&nbsp;the capital city of Gustavia&nbsp;hosting the elite gathering.
The festival, known for its luxurious atmosphere with&nbsp;Michelin-star restaurants and designer shops, saw Bezos&#8217; $500 million yacht emerge as the highlight.
Despite not being the largest, Koru is recognized as the most expensive superyacht, featuring a distinctive three-mast design and a statue of the Norse god Freyja.
The event marked the end of St. Bart&#8217;s high season, <a href="https://www.boatinternational.com/boat-pro">with</a> BoatPro&#8217;s global tracker confirming the presence of 173 superyachts.
Other notable vessels included Shahid Khan&#8217;s $360 million yacht, Nancy Walton Laurie&#8217;s $300 million Kaos, and WhatsApp co-founder Jan Koum&#8217;s 328-foot yacht.
While Google Co-Founder Sergey Brin owns the largest superyacht, Bezos&#8217; Koru captivated attendees with its grandeur, solidifying its status as the centerpiece of the celebration.
See Also: <a href="https://www.benzinga.com/25/01/42931807/t-mobile-sued-over-massive-data-breach-impacting-79-million-americans-sensitive-information-included-names-addresses-and-more">T-Mobile Sued Over Massive Data Breach Impacting 79 Million Americans: Sensitive Information Included Names, Addresses, And More</a>
Why It Matters: The journey of Bezos&#8217; yacht, Koru, has been marked by significant events since its inception.
Initially, the yacht was <a href="https://www.benzinga.com/news/22/08/28385974/jeff-bezos-500-million-superyacht-has-been-relocated-after-bridge-controversy-avoids-getting-egged-i">embroiled in controversy</a> when it was revealed that a historic bridge in the Netherlands might need dismantling to allow the vessel&#8217;s passage.
This led to the yacht being relocated from the&nbsp;Oceanco shipyard&nbsp;to avoid public backlash.
In 2023, the yacht was seen cruising the Mediterranean, accompanied by a support vessel named Abeona, which features a helipad and extensive storage facilities.
The yacht&#8217;s grandeur was further highlighted when Bezos hosted celebrities like Kim Kardashian and Leonardo DiCaprio for summer festivities, showcasing the yacht&#8217;s lavish amenities.
Bezos&#8217; transition from leading&nbsp;Amazon.com Inc.&nbsp;to focusing on ventures like&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/09/40860724/bezos-doesnt-sunbathe-alone-on-his-25m-a-year-superyacht-as-he-hosts-kim-kardashian-leonard">Blue Origin</a>&nbsp;and enjoying his superyacht underscores a shift in his personal and professional life.
The yacht&#8217;s presence at the St. Barts festival not only signifies Bezos&#8217; status but also highlights the broader trend of billionaires investing in luxury assets.
Read Next:
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Entertainment

News

General

Jeff Bezos' $500 Million Superyacht Koru Steals The Show At St. Bart's Annual Festival Where 173 Billionaires Turned Up With Their Yachts

Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is reportedly investing $40 million in a documentary about&nbsp;Melania Trump, directed by&nbsp;Brett Ratner.
What Happened: The deal also includes a follow-up docuseries, marking Ratner&#8217;s return to filmmaking after a hiatus since 2018, according <a href="https://puck.news/melania-trump-documentary-scores-massive-amazon-payday">to</a> a report by Puck.
The documentary will have a limited theatrical release before becoming available on Prime Video.
Amazon&#8217;s acquisition of the documentary is notable for its involvement of Melania Trump herself.
This project comes amid ongoing speculation about Amazon founder&nbsp;Jeff Bezos&nbsp;and his connections to the Trump family.
The deal also includes a previously undisclosed project related to the former first lady. The release on Prime Video also highlights Amazon&#8217;s continued investment in exclusive content to attract subscribers.
See Also: <a href="https://www.benzinga.com/25/01/42931704/tiktok-users-call-on-trump-to-deliver-immediately-on-his-promise-to-save-app-from-us-ban-we-dont-need-the-supreme-court-to">TikTok Users Call On Trump To ‘Deliver Immediately' On His ‘Promise' To Save App From US Ban: ‘We Don't Need The Supreme Court To…'</a>
Why It Matters: The acquisition of the Melania Trump documentary by Amazon is set against a backdrop of previous interactions between Bezos and the incoming Trump administration.
In December, Bezos expressed optimism about President-elect Donald Trump&#8217;s second term, highlighting potential regulatory reductions.
At the&nbsp;<a href="https://www.benzinga.com/media/24/12/42331420/jeff-bezos-optimistic-about-trumps-second-term-wants-to-help-streamline-rules-we-do-have-too-many-regulations-in-this-country">New York Times DealBook Summit</a>, Bezos stated, &#8220;I&#8217;m actually very optimistic this time around,&#8221; referring to Trump&#8217;s enthusiasm for reducing regulations.
Additionally, Amazon pledged $1 million to Trump&#8217;s inaugural event in January 2024, aligning with other tech giants like&nbsp;Meta Platforms Inc.
This move was <a href="https://www.benzinga.com/25/01/42801809/apple-ceo-tim-cook-reportedly-donates-1-million-to-trump-inauguration-joins-ranks-of-mark-zuckerberg-jeff-bezos-and-sam-altman">part of a broader trend</a> where tech leaders, including&nbsp;Apple Inc.&nbsp;CEO Tim Cook, contributed to Trump&#8217;s inauguration, emphasizing unity and tradition.
Cook, along with Bezos, was among those who donated $1 million to the event.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/01/42801788/jeff-bezos-says-good-old-days-are-such-an-illusion-as-far-as-planet-earth-is-concerned-but-theres-one-except">Jeff Bezos Says ‘Good Old Days' Are ‘Such An Illusion' As Far As Planet Earth Is Concerned, But There's One Exception</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

Politics

Tech

AMZN

Jeff Bezos' Amazon To Pay $40 Million For Melania Trump Documentary: Report

Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) has reportedly secured a deal worth over $1 billion to supply servers optimized for artificial intelligence to Elon Musk&#8216;s social media platform, X.
What Happened: The deal between HP and X was finalized late last year, Bloomberg News <a href="https://www.bloomberg.com/news/articles/2025-01-10/hpe-wins-1-billion-ai-server-deal-for-elon-musk-s-x">reported</a> on Friday, citing sources familiar with the matter.
The servers are tailored for AI applications, a segment witnessing robust demand from enterprises. Competitors Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) also vied for the contract.
The market for AI servers has been expanding, with businesses increasingly looking for hardware that can support artificial intelligence applications. Companies under Musk&#8217;s leadership, including&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and xAI, have become prominent clients for such hardware. 
Why It Matters: Musk&#8217;s interest in AI is well-documented. In a recent discussion, Musk predicted that AI could reach <a href="https://www.benzinga.com/news/24/10/41618261/elon-musk-predicts-ai-will-match-human-capabilities-in-few-years-the-cup-is-80-full-maybe-90">human-level capabilities by&nbsp;2029.</a> "I certainly feel comfortable saying that it's getting 10 times better per year which is, let's say, four years from now that would mean 10,000 times better," Musk said.
 His AI startup, xAI, is also making strides, with Musk announcing the integration of its <a href="https://www.benzinga.com/tech/25/01/42867252/xais-grok-chatbot-to-be-integrated-into-tesla-vehicles-soon-says-elon-musk">Grok chatbot into Tesla vehicles&nbsp;</a>soon. Musk shared the update during a live stream on X, stating, &#8220;Grok in Teslas is coming soon. You will be able to talk to your Tesla and ask for anything.&#8221;&nbsp;
Meanwhile, Musk&#8217;s social media platform, X, is facing competition from&nbsp;<a href="https://www.benzinga.com/25/01/42867967/elon-musks-x-rival-bluesky-is-being-valued-at-700-million-after-explosive-growth-post-trumps-victory-report">Bluesky, a rival platform that is reportedly </a>nearing a $700 million valuation. 
Price Action:&nbsp;On Friday, HPE stock saw a 0.23% increase, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
The latest analyst ratings for Hewlett Packard Enterprise Co. were issued by Deutsche Bank, Loop Capital, and Barclays on Dec. 19, Dec. 9, and Dec. 6, respectively. <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">With an average price target</a> of $25.33 across these firms, the ratings suggest an implied upside of 14.01% for the company.
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/HPE/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/10232310/Screenshot-2025-01-11-at-9.53.03%E2%80%AFAM.png" alt="" class="wp-image-729087" style="width:376px;height:auto" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: 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 courtesy: Wikimedia

Social Media

DELL

SMCI

TSLA

Elon Musk's X, Hewlett Packard Strike $1 Billion AI Server Deal: Report

Washington state has taken legal action against&nbsp;T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)&nbsp;for <a href="https://www.benzinga.com/24/11/42022124/t-mobile-hit-by-chinese-hackers-after-rivals-att-verizon-suffer-breach-report">allegedly neglecting cybersecurity vulnerabilities</a>, leading to a significant data breach in 2021 that impacted 79 million people across the U.S.
What Happened: The lawsuit,&nbsp;filed by Washington Attorney General&nbsp;Bob Ferguson, accuses T-Mobile of ignoring known security issues and failing to adequately notify over two million Washington residents affected by the breach.
The breach exposed sensitive personal information, such as names, phone numbers, and Social Security numbers.
The lawsuit claims T-Mobile&#8217;s notifications about the&nbsp;breach violated the Consumer Protections&nbsp;Act by omitting crucial details, making it difficult for individuals to assess their risk of identity theft.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Furthermore, the filing criticizes T-Mobile for not adhering to industry cybersecurity standards and using weak passwords to protect sensitive data.
Ferguson emphasized that the data breach was &#8220;entirely avoidable&#8221; and highlighted T-Mobile&#8217;s failure to address vulnerabilities.
The lawsuit seeks compensation for affected customers and demands improvements in T-Mobile&#8217;s cybersecurity practices and transparency.
This legal action follows T-Mobile&#8217;s previous settlements, including a $350 million payout in 2022 related to the same breach.
See Also: <a href="https://www.benzinga.com/25/01/42931704/tiktok-users-call-on-trump-to-deliver-immediately-on-his-promise-to-save-app-from-us-ban-we-dont-need-the-supreme-court-to">TikTok Users Call On Trump To &#8216;Deliver Immediately&#8217; On His &#8216;Promise&#8217; To Save App From US Ban: &#8216;We Don&#8217;t Need The Supreme Court To…&#8217;</a>
Why It Matters: The lawsuit against T-Mobile comes amid heightened concerns over cybersecurity threats, particularly from foreign actors.
In recent years, major telecom companies, including T-Mobile, have been targeted by cyber-espionage operations linked to Chinese intelligence.
A&nbsp;<a href="https://www.benzinga.com/24/11/42022124/t-mobile-hit-by-chinese-hackers-after-rivals-att-verizon-suffer-breach-report">report</a>&nbsp;from November revealed that T-Mobile and other telecom giants, such as&nbsp;AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)&nbsp;and&nbsp;Verizon Communications Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), were compromised in a large-scale cyber-espionage operation attributed to Chinese hackers.
This breach raised <a href="https://www.benzinga.com/news/24/10/41200026/chinese-hackers-breach-at-t-verizon-networks-in-major-wiretap-data-theft-putting-us-national-securit">significant national security concerns</a> as it targeted cellphone communications of high-value intelligence targets.
Earlier in 2024, the FBI warned about <a href="https://www.benzinga.com/news/24/04/38330156/fbi-chief-warns-xi-jinpings-ccp-linked-chinese-hackers-are-planning-to-physically-wreak-havoc-on-us">Chinese hackers</a> infiltrating U.S. critical infrastructure, including telecommunications, energy, and water sectors.
FBI Director Christopher Wray cautioned that these hackers could potentially &#8220;physically wreak havoc&#8221; on U.S. infrastructure at a time of their choosing.
These incidents underscore the <a href="https://www.benzinga.com/news/24/05/38659657/major-hacking-incident-exposes-data-of-military-personnel-in-uk-ministry-of-defence-breach-is-china">growing threat of cyberattacks</a> and the need for robust cybersecurity measures to protect sensitive data and national security.
Check out more of Benzinga&#8217;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:
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

TMUS

T-Mobile Sued Over Massive Data Breach Impacting 79 Million Americans: Sensitive Information Included Names, Addresses, And More

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is experiencing a drop in its market share in China. This decline is attributed to a decrease in iPhone shipments, as reported by&nbsp;supply chain analyst Ming-Chi Kuo. 
What Happened: &nbsp;Kuo, an analyst at TF&nbsp;Securities, <a href="https://medium.com/@mingchikuo/apple-likely-to-face-fiercer-challenges-in-2025-requiring-caution-against-potential-downside-risks-5cec099e1d5d">revealed</a> that Apple has been &#8220;cautious&#8221; in discussing its&nbsp;2025 iPhone production plans with&nbsp;key suppliers. Despite&nbsp;the expected launch of the&nbsp;new iPhone SE 4, Kuo forecasts a 6% year-over-year decline in shipments&nbsp;for the first half of&nbsp;2025.
He also expects Apple&#8217;s&nbsp;market share to continue to&nbsp;decline, attributing this to the thin design of two upcoming iPhone models, which may only support eSIM, a feature not widely promoted in the Chinese market.
"These two models could face shipping momentum challenges unless their design is modified," he said.
See Also: <a href="https://www.benzinga.com/25/01/42931361/mark-zuckerberg-says-biden-officials-berated-meta-staff-as-they-refused-to-remove-true-content-it-just-got-to-this-pointthats-ridiculous">Mark Zuckerberg Says Biden Officials Berated Meta Staff As They Refused To Remove &#8216;True&#8217; Content: &#8216;It Just Got To This Point…That&#8217;s Ridiculous</a>&#8216;
In December, while overall smartphone shipments in China remained stable year-over-year, iPhone shipments saw a decline of 10% to 12%. Kuo pointed out that Apple's on-device artificial intelligence feature, Apple Intelligence, has yet to drive hardware upgrades or boost services revenue.
For 2024, Apple's estimated iPhone shipments were around 220 million units, with projections for 2025 ranging from 220 million to 225 million, falling short of the market consensus of 240 million or more, according to Kuo.
Why It Matters: This news comes in the wake of a series of challenges for Apple. Earlier in the month, an analyst downgraded <a href="https://www.benzinga.com/25/01/42854151/apple-faces-downgrade-amid-iphone-challenges-turns-to-news-for-growth">Apple from Neutral to Sell </a>and lowered the price target from $202 to $188. MoffettNathanson analyst Craig Moffett cited the lack of traction for iPhone 16 models featuring artificial intelligence and ongoing geopolitical tensions with China.
Apple also reached a $95 million settlement in a lawsuit regarding allegations of unauthorized Siri recordings. After the <a href="https://www.benzinga.com/news/25/01/42903742/apple-clarifies-siri-privacy-policy-after-95-million-settlement-over-allegations-of-unauthorized-rec">Siri privacy policies</a> lawsuit, the company clarified that it has never sold or used Siri data for marketing purposes.
Despite these controversies, Apple&#8217;s CEO&nbsp;Tim Cook&nbsp;saw a significant increase in his&nbsp;<a href="https://www.benzinga.com/tech/25/01/42931220/apple-ceo-tim-cook-took-home-74-6-million-in-2024-up-18-despite-ai-and-siri-privacy-controversies">annual compensation in 2024</a>. Cook's total compensation for 2024 rose by 18% from the previous year, reaching $74.6 million,&nbsp;the company said in a proxy filing on Friday.
Price Action: On Friday, Apple's stock saw a 2.41% decrease, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Apple has a consensus price target of $245.17, <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">according to 30 analysts tracked by Benzinga</a> The most recent ratings, issued by MoffettNathanson, Bernstein, and B of A Securities on Jan. 7 and 3, 2025, suggest an average price target of $234.67, implying a slight downside of -0.99% based on these assessments.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/AAPL/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/10225601/Screenshot-2025-01-11-at-9.25.54%E2%80%AFAM-1024x392.png" alt="" class="wp-image-729079" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Disclaimer: 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 courtesy: Shutterstock

AAPL

Apple Staring At Market Share Decline In China Amid Declining iPhone Shipments: Top Analyst Flags Why Some Models Could Be Face Shipping Momentum Challenges

Economist and trader&nbsp;Alex Kruger&nbsp;has expressed a bullish outlook on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), despite the cryptocurrency currently trading 13% below its all-time high.
What Happened: Kruger believes that Bitcoin has significant potential for growth and is far from reaching the peak of its cycle.
He attributes this optimism to&nbsp;the approval of spot Bitcoin&nbsp;exchange-traded funds (ETFs) in January&nbsp;2024, which he suggests may alter Bitcoin&#8217;s traditional four-year halving cycles.
"The&nbsp;introduction of the ETF and&nbsp;the significant flows they bring&nbsp;make the correlation between risk&nbsp;and Bitcoin more sustainable," Kruger said on a recent episode of the Unchained podcast.
He emphasized that current market conditions are evolving, with the halving&#8217;s impact diminishing and the presence of ETFs.
However, Kruger cautioned that a supercycle does not imply continuous upward movement.
He explained, &#8220;We have shorter corrections&#8230;&nbsp;smaller drawdowns that last for&nbsp;shorter periods,&#8221; provided equities and the economy perform well.
As of now, Bitcoin is priced at $94,343, approximately 13% below its peak of $108,268.
Why It Matters: The prediction of a Bitcoin supercycle comes amid a backdrop of diverse opinions on the cryptocurrency&#8217;s future.
Recently,&nbsp;Anthony Scaramucci, CEO of SkyBridge Capital, shared his strategy on Bitcoin, <a href="https://www.benzinga.com/25/01/42906639/anthony-scaramucci-was-asked-about-his-take-profit-strategy-on-bitcointhis-is-what-he-said">emphasizing a focus on altcoins</a> like Solana while maintaining his Bitcoin holdings.
Scaramucci noted that the market&#8217;s maturity could lead to Bitcoin lending and earning mechanisms akin to traditional banking.
Conversely, economist&nbsp;Peter Schiff&nbsp;criticized Bitcoin, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42894166/peter-schiff-counters-bitcoins-safe-haven-narrative-amid-forecast-of-impending-fiat-train-wreck-there-is-no-riskier-asset">labeling it as the riskiest asset</a>, challenging its reputation as a safe haven. Schiff&#8217;s comments highlight the ongoing debate about Bitcoin&#8217;s role in financial markets.
Additionally,&nbsp;Arthur Hayes, co-founder of BitMEX, speculated that changes in U.S. banking regulations could <a href="https://www.benzinga.com/25/01/42802338/bitcoin-to-hit-1-million-arthur-hayes-says-another-signpost-has-appeared-amid-us-debt-concerns">potentially drive Bitcoin&#8217;s value to $1 million</a>. Hayes pointed to possible exemptions from the supplementary leverage ratio rule as a catalyst for increased liquidity and Bitcoin&#8217;s price surge.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How Bitcoin and Crypto Will React to Trump's Inauguration: Bits + Bips" width="500" height="281" src="https://www.youtube.com/embed/nykvv_9BlXg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Price Action: Bitcoin was trading at $94,398 at the time of writing, up by 0.43% in the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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

Cryptocurrency

Markets

$BTC

Bitcoin Supercycle Incoming, Says Economist, But There's A Catch

Mark Zuckerberg, the CEO of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), on Friday criticized Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) for its <a href="https://www.benzinga.com/tech/24/11/41894509/apples-next-big-bet-think-smaller-says-analyst-there-will-never-be-another-iphone">lack of innovation</a> and restrictive policies. He also hinted at the potential downfall of the tech giant if it doesn&#8217;t adapt to the rapidly changing industry.
What Happened: In a podcast with Joe Rogan, Zuckerberg expressed his views on Apple&#8217;s recent performance. He stated that Apple has been coasting on its past success and hasn&#8217;t "really invented anything great in a while."
"Steve Jobs invented the iPhone and now they're just kind of sitting on it 20 years later," he said, adding Tim Cook-led tech giant has "been so off their game in terms of not really releasing many innovative things."
See Also: <a href="https://www.benzinga.com/tech/25/01/42931220/apple-ceo-tim-cook-took-home-74-6-million-in-2024-up-18-despite-ai-and-siri-privacy-controversies">Apple CEO Tim Cook Took Home $74.6 Million In 2024, Up 18% Despite AI And Siri Privacy Controversies</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a> CEO MARK ZUCKERBERG ON <a href="https://twitter.com/search?q=%24AAPL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AAPL</a> BEING ‘OFF THEIR GAME' &#39;They haven't really invented anything great in a while—Steve Jobs invented the iPhone, and now they&#39;re just kind of sitting on it 20 years later&#8230; Apple's basically squeezing people with a 30% tax on developers and… <a href="https://t.co/9LpaigOs5H">pic.twitter.com/9LpaigOs5H</a>
&mdash; Wall St Engine (@wallstengine) <a href="https://twitter.com/wallstengine/status/1877796140675911979?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote>
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While acknowledging the iPhone as a groundbreaking invention, he criticized Apple&#8217;s restrictive policies, which he believed would stifle competition and innovation. He also highlighted the financial impact of Apple&#8217;s policies on Meta, citing potential profit increases if Apple were to relax its rules.
"if you just don't do a good job for like 10 years, eventually, you're just going to get beat by someone."
He also mentioned Meta&#8217;s ongoing issues with Apple, particularly the 30% cut Apple takes on some App Store transactions which "feel arbitrary." These restrictions have reportedly hindered Meta&#8217;s hardware competition and led to significant losses in advertising revenue.
If the iPhone maker&#8217;s "random rules" didn't apply, his company would make "twice as much profit or something" based on his "back of the envelope calculation," Zuckerberg said.
Why It Matters: Zuckerberg&#8217;s comments come at a time when Apple is facing increasing scrutiny over its App Store policies and alleged <a href="https://www.benzinga.com/news/24/03/37447136/apple-faces-class-action-lawsuit-for-alleged-icloud-monopoly-they-are-generating-almost-pure-profit">monopoly over smartphones.</a> The company is under pressure to open up its ecosystem, with regulatory changes in the EU and&nbsp;a lawsuit from the U.S.&nbsp;Department of Justice. Despite facing pressure <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">from regulatory bodies</a> and lawsuits, Apple has shown no signs of opening up its closed ecosystem.
Meanwhile, Meta, formerly known as Facebook, has been rebranding and expanding its focus on the metaverse, a virtual reality space. The company&#8217;s rift with Apple is significant, given the latter&#8217;s dominance in the smartphone market and its potential impact on Meta&#8217;s future developments.
In April of last year, <a href="https://www.benzinga.com/news/24/04/38424000/mark-zuckerberg-shades-apple-vision-pro-once-again-calls-it-fashionable-ai-glasses-without-a-display">Zuckerberg criticized Apple's Vision Pro</a>. During Meta&#8217;s first-quarter earnings call, he expressed doubt about the widespread appeal of augmented reality (AR) glasses, especially those lacking &#8220;full holographic displays.&#8221; In a subtle dig at the Vision Pro, Zuckerberg said, "It seems clear that there&#8217;s also a significant market for fashionable AI glasses without a display.&#8221;
Price Action: Apple&#8217;s stock has risen by 27.21% over the past year but has dropped 2.56% so far in 2025, according to <a href="http://pro.benzinga.com">Benzinga Pro data</a>. In comparison, Meta saw a 66.24% increase over the past year and a 4.45% gain in 2025.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: 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.
Photos courtesy: Flickr and Wikimedia

'Steve Jobs Invented The iPhone And Now They're Just...Sitting On It:' Mark Zuckerberg Hints At Apple's Potential Downfall Amid iPhone Maker's 'Random Rules'

Amid growing concerns over the <a href="https://www.benzinga.com/topic/tiktok">potential ban of TikTok</a> in the U.S., TikTok creators are leading an online campaign aimed at convincing President-elect&nbsp;Donald Trump&nbsp;to stop the impending ban.
What Happened: TikTok creator&nbsp;Tiffany Cianci&nbsp;took to live-streaming outside the U.S. Supreme Court on Friday, urging fellow TikTok users to inundate Trump with messages in support of the app, according <a href="https://www.bloomberg.com/news/articles/2025-01-10/tiktokers-put-hope-in-online-campaign-to-get-trump-to-end-us-ban">to</a> a report by Bloomberg.
This initiative comes as the Supreme Court deliberates on a law that mandates&nbsp;ByteDance Ltd.&nbsp;to divest TikTok&#8217;s U.S. operations by Jan. 19 or face a shutdown.
Cianci's broadcast attracted approximately 180,000 viewers. "We don't need the Supreme Court to save TikTok," she said.
"This is a promise Trump made and it is a promise he used to get a large number of young people to vote for him. We are calling on him to deliver immediately," she added, according to the report.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
The Supreme Court is currently hearing arguments on the legislation that requires ByteDance to sell TikTok&#8217;s U.S. operations. She emphasized that Trump, as president-elect, could intervene and encourage followers to post on his social media accounts.
Last year, a similar campaign was launched to sway Congress but did not succeed. However, Trump has shown a willingness to delay the ban, citing a &#8220;warm spot&#8221; for TikTok. He has met with TikTok CEO&nbsp;Shou Chew&nbsp;and requested the Supreme Court to postpone the law until his inauguration on January 20.
Despite the Supreme Court&#8217;s inclination to uphold the law, Cianci and other creators remain hopeful.
Why It Matters: The <a href="https://www.benzinga.com/25/01/42919029/supreme-court-hears-tiktok-oral-arguments">Supreme Court&#8217;s decision</a> on TikTok&#8217;s future in the U.S. is critical, as the app boasts around 170 million users in the country. The case stems from a law passed by Congress last year, which requires ByteDance to sell TikTok or face a ban.
This legal battle has drawn significant attention, with investor&nbsp;<a href="https://www.benzinga.com/general/entertainment/25/01/42834240/kevin-oleary-joins-the-peoples-bid-for-tiktok-as-pending-ban-looms">Kevin O&#8217;Leary</a>&nbsp;joining a group attempting to purchase TikTok before the deadline.
Trump&#8217;s <a href="https://www.benzinga.com/24/12/42712643/trump-asks-supreme-court-to-delay-tiktok-ban-as-he-pursues-a-political-resolution">current stance</a> represents a shift from his previous efforts to ban TikTok due to its Chinese ownership. He has sought a &#8220;political resolution&#8221; and asked the Supreme Court to delay the ban, marking a notable change in his approach.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

TikTok Users Call On Trump To 'Deliver Immediately' On His 'Promise' To Save App From US Ban: 'We Don't Need The Supreme Court To…'

The&nbsp;Trump Organization on Friday&nbsp;announced an ethics plan that will see President-elect&nbsp;Donald Trump distancing himself from the company&#8217;s day-to-day operations.
What Happened: The Trump Organization revealed that Trump will not be involved in the company&#8217;s daily management once he assumes office. The company also pledged not to&nbsp;enter into <a href="https://www.benzinga.com/news/23/08/33771698/republican-oversight-committee-chair-accuses-donald-trumps-son-in-law-of-ethical-breach-over-2b-saud">new contracts with&nbsp;foreign governments </a>during Trump&#8217;s presidency,&nbsp;<a href="https://www.wsj.com/politics/trump-organization-says-incoming-president-will-separate-himself-from-family-business-86f7a765">reported</a>&nbsp;The Wall Street Journal on Friday.
The plan states that the Trump Organization will remain free to pursue further foreign business deals with private companies. Lawyer William Burck will assist the company in crafting internal ethics policies to prevent any possible conflicts of interest.
See Also:<a href="https://www.benzinga.com/25/01/42931361/mark-zuckerberg-says-biden-officials-berated-meta-staff-as-they-refused-to-remove-true-content-it-just-got-to-this-pointthats-ridiculous"> Mark Zuckerberg Says Biden Officials Berated Meta Staff As They Refused To Remove &#8216;True&#8217; Content: &#8216;It Just Got To This Point…That&#8217;s Ridiculous&#8217;</a>
Trump&#8217;s investments will be managed independently by external institutions, with the president-elect having limited access to the company&#8217;s financial information. The company also plans to donate profits from <a href="https://www.benzinga.com/news/22/11/29722548/trumps-dc-hotel-host-top-officials-from-6-countries-who-spent-thousands-of-dollars-to-seal-crucial-d">foreign government officials </a>identified at its hotels and other businesses to the U.S. Treasury.
This marks a significant shift from the approach taken when Trump first&nbsp;assumed office in 2017.
Eric Trump, the Trump Organization&#8217;s executive vice president, said, &#8220;The&nbsp;Trump Organization is dedicated to&nbsp;not just meeting but vastly&nbsp;exceeding its legal and ethical&nbsp;obligations during my father's presidency.&#8221; 
Why It Matters: Amid growing scrutiny of its international operations, the Trump Organization has decided to distance Trump from daily business activities and halt <a href="https://www.benzinga.com/markets/asia/23/09/34784560/jared-kushners-controversial-2b-saudi-deal-faces-no-threat-even-if-trump-re-elected-hints-crown-prin">new contracts with foreign governments.</a> This move comes as the company continues to expand its presence in regions where the Trump brand is well-established,<a href="https://www.benzinga.com/news/22/11/29799914/trump-inks-4b-deal-with-saudi-developer-to-build-villas-hotel-and-golf-course-in-oman"> including Asia and the Middle East</a>.
Trump's business dealings have sparked controversy since his first presidency, with accusations of breaching the Constitution&#8217;s emoluments clauses. The Supreme Court dismissed a case related to this issue after Trump's 2020 election loss. Recently, the Trump Organization<a href="https://www.benzinga.com/news/21/10/23342965/trump-in-talks-to-sell-dc-hotel-to-a-rod-connected-investment-firm"> sold the long-term lease</a> for the Trump International Hotel in Washington, D.C., for $375 million, and reports suggest the company is in negotiations to reacquire the property.
Trump faced criticism over his son-in-law Jared Kushner receiving a <a href="https://www.benzinga.com/news/23/09/34517991/raskin-explains-why-democrats-didnt-probe-2b-saudi-investment-in-kushners-firm-in-2020-but-a-complet">$2 billion investment</a> for his private equity firm, Affinity Partners, from a Saudi fund backed by Crown Prince Mohammed bin Salman during his first term in office.
Meanwhile, Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) <a href="https://www.benzinga.com/25/01/42874587/djt-stock-riding-the-trump-inauguration-rally-or-bracing-for-a-turn">stock has jumped 106% over the past year,</a> with the rally seemingly coinciding with President-elect Trump's anticipated return to the White House. At $35.31, DJT stock is trading above its 5, 20, and 50-day exponential moving averages, suggesting a bullish trend. However, key indicators present a mixed outlook.
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Disclaimer: 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 courtesy: Shutterstock

Trump Organization Unveils Ethics Plan To Distance President-Elect Donald Trump From Operations

Mark Zuckerberg, the CEO of&nbsp;Meta&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), has admitted that officials from the Biden administration have been exerting pressure on Meta staff to remove specific content from the platform. 
What Happened: During an episode of &#8220;The Joe Rogan Experience&#8221; podcast on Friday, Zuckerberg recounted instances where Biden administration officials aggressively confronted Meta staff over content removal requests. &#8220;Basically,&nbsp;these people from the Biden&nbsp;administration would call up our&nbsp;team and, like, scream at&nbsp;them and curse,&#8221; Zuckerberg shared with Rogan, the podcast host. 
&#8220;It&nbsp;just got to this point&nbsp;where we were like, &#8216;No, we&#8217;re not gonna, we&#8217;re&nbsp;not gonna take down things&nbsp;that are true. That&#8217;s ridiculous,&#8221; Zuckerberg said.
SEE ALSO: <a href="https://www.benzinga.com/general/entertainment/25/01/42906243/netflixs-wwe-monday-night-raw-premiere-more-than-doubles-2024-usa-network-audience">Netflix&#8217;s &#8216;WWE Monday Night Raw&#8217; Premiere More Than Doubles 2024 USA Network Audience</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The cat is out of the bag and the real OGs of internet culture and freedom are ready to lead. <a href="https://t.co/ZnPkHRx3VH">pic.twitter.com/ZnPkHRx3VH</a>
&mdash; Joe Rogan Podcast (@joeroganhq) <a href="https://twitter.com/joeroganhq/status/1877836006801502306?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote>
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Zuckerberg also noted that Facebook occasionally complied with the White House&#8217;s requests but hinted that the platform would approach such decisions differently in the future.
Why It Matters: This is not the first time Zuckerberg has spoken about the Biden administration&#8217;s pressure on Meta. In August, <a href="https://www.benzinga.com/general/biotech/24/08/40575260/mark-zuckerberg-reveals-biden-administration-pressured-meta-platforms-to-censor-certain-covid-19-">Zuckerberg&nbsp;revealed&nbsp;that during the COVID-19</a> pandemic, senior Biden administration officials pressured Meta to censor certain content on its platforms. He expressed regret for not opposing the pressure sooner and acknowledged certain decisions made by Meta in removing content during that period.
Meanwhile, in November 2024, Zuckerberg&nbsp;<a href="https://www.benzinga.com/markets/24/11/42227958/mark-zuckerberg-and-trump-reportedly-met-at-mar-a-lago">reportedly met&nbsp;with President-elect</a>&nbsp;Donald Trump&nbsp;at Trump&#8217;s Mar-a-Lago resort in Florida. Earlier that year, Trump had threatened legal <a href="https://www.benzinga.com/news/24/08/40667286/trump-warns-zuckerberg-in-latest-book-says-he-could-be-in-prison-for-the-rest-of-his-life-we-are-wat">action against Zuckerberg</a> if elected, accusing the Meta CEO of plotting against him while appearing friendly during visits to the Oval Office.
Last month, the Meta CEO&nbsp;also <a href="https://www.benzinga.com/news/24/12/42454227/months-after-trump-threatened-to-put-mark-zuckerberg-in-prison-meta-ceo-donates-1m-to-president-elects-inaugural-event">donated $1 million</a>&nbsp;to support the inauguration events for President-elect Trump. This marked Meta's first contribution to an inauguration fund.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&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.
Photo courtesy: Wikimedia

Mark Zuckerberg Says Biden Officials Berated Meta Staff As They Refused To Remove 'True' Content: 'It Just Got To This Point...That's Ridiculous'

In 2024, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook saw a significant increase in his annual compensation despite the company&#8217;s controversies over its AI and Siri privacy policies.
What Happened: Cook&#8217;s total compensation for 2024 rose by 18% from the previous year, reaching $74.6 million,&nbsp;the company said in a proxy filing on Friday. 
This increase was primarily due to a rise in stock awards, which amounted to $58.1 million, and non-equity incentive plan compensation, which was $12 million.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/01/42893958/after-apple-halts-hardware-subscription-plans-samsung-unveils-similar-strategy-for-ai-powered-galaxy-smartphones" target="_blank" rel="noreferrer noopener">After Apple Halts ‘Hardware' Subscription Plans, Samsung Unveils Similar Strategy For AI-Powered Galaxy Smartphones</a>
Cook&#8217;s base salary remained $3 million for the third consecutive year. The company&#8217;s compensation committee also decided to raise the target value of Cook&#8217;s equity award to $50 million from $40 million, citing benchmark data for peer CEOs&#8217; pay.
Meanwhile, three senior executives — former Chief Financial Officer Luca Maestri, General Counsel Kate Adams, and Deirdre O&#8217;Brien, who leads retail and HR — each earned a total compensation of $27,179,257. Chief Operating Officer Jeff Williams received a slightly lower package, with his compensation totaling $27,177,812.
Why It Matters: Apple has been under scrutiny for its AI and Siri privacy policies. The company <a href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries">acknowledged flaws in its AI features</a> after a complaint from the BBC.
Apple also settled a<a href="https://www.benzinga.com/25/01/42890955/apple-clarifies-siri-privacy-policies-after-95-million-settlement"> $95 million lawsuit </a>over allegations of unauthorized recordings through Siri. Apple reaffirmed its privacy stance, stating it has never used or sold Siri data for marketing or advertising purposes. A recent settlement could benefit millions of U.S. Apple device users from September 2014 to December 2024.
Last week, UBS&nbsp;<a href="https://www.benzinga.com/25/01/42760822/ubs-cuts-iphone-sales-forecast-for-december-as-apple-faces-stiff-competition-from-other-players">forecasted weaker iPhone sales for December</a>, citing declining demand and falling market share in China. However, the company&#8217;s stock has remained resilient, indicating investor confidence in Apple&#8217;s long-term prospects.
Earlier this month, it was reported that Cook&nbsp;<a href="https://www.benzinga.com/25/01/42801809/apple-ceo-tim-cook-reportedly-donates-1-million-to-trump-inauguration-joins-ranks-of-mark-zuckerberg-jeff-bezos-and-sam-altman">donated $1 million to President-elect Donald Trump&#8217;s inaugural committee</a>, joining the ranks of other major tech leaders. This move was seen as a significant one, given the political climate at the time.
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Photo courtesy: Shutterstock

Apple CEO Tim Cook Took Home $74.6 Million In 2024, Up 18% Despite AI And Siri Privacy Controversies

THCH

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

TSDD

Kevin O'Leary, better known as &#8220;Mr. Wonderful&#8221; on Shark Tank, has built an empire by doing one thing well: listening. Whether it's his investments, business ventures or career advice, O'Leary says tuning into the market – and people – has been his secret weapon.
So what would he do if he weren't in finance? He answered that himself on Facebook: <a href="https://www.facebook.com/watch/?v=2517803078410533">&#8220;What would I be doing? </a>What I&#8217;m always doing: I&#8217;m listening to the market. I&#8217;m a salesperson. I sell stuff.&#8221;
Here's how his strategy could be a game-changer for your wallet.
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<h2 class="wp-block-heading">Solving Problems, Selling Solutions</h2>
O'Leary doesn't just invest; he identifies pain points. Problems people are dealing with every day. Then, he finds solutions and sells them. That's the game, he says. It's not rocket science – it's about <a href="https://www.benzinga.com/personal-finance/24/12/42293874/corporate-america-got-lost-with-idiot-management-and-inability-to-read-the-room-says-kevin-oleary-citing-target-and-anheuser-busch">staying in tune</a> with people&#8217;s needs and delivering it.
<h2 class="wp-block-heading">Why Listening Matters</h2>
In the fast-moving world of business and finance, O'Leary believes listening isn't just important – it's critical. "The lesson is: Listen to your gut because that is your experience [talking]," he told CNBC, as reported by Sportskeeda.
But it's not just about intuition. He relies on hard data, too. And the results speak for themselves. "This is real data: 75% of my returns have come from companies run by women," he said.
O'Leary trusts both his instincts and the numbers. It's a balance that could help any investor.
See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
<h2 class="wp-block-heading">The Cost Of Risk</h2>
Even with all his success, O'Leary isn't shy about discussing the risks. &#8220;No matter how you feel and how optimistic you are, in the moment of making an investment, you have no idea of the outcome,&#8221; he explained.
The takeaway? Even the best in the business can't predict every move. That's why O'Leary stresses the importance of being realistic and prepared.
<h2 class="wp-block-heading">Truth Hurts, But It Works</h2>
O'Leary is known for his bluntness and he doesn't apologize for it. "Maybe people think I&#8217;m bullying them. That's not true. I'm the only guy there who tells the truth all the time," he told Business Insider.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
And while the truth may sting, it's often the wake-up call entrepreneurs and investors need to succeed.
<h2 class="wp-block-heading">Takeaway For Your Finances</h2>
Listening – whether to the market, the data or your instincts – might just be your most valuable <a href="https://www.benzinga.com/personal-finance/24/01/42768256/to-survive-no-matter-what-kevin-oleary-says-you-need-5m-in-the-bank-you-can-take-care-of-a-lot-of-people">financial skill.</a> Like O'Leary, focus on solving problems, trust the numbers and be brutally honest about risks.
It's not about being perfect. It's about staying sharp, curious and in the game. As O'Leary puts it, <a href="https://www.facebook.com/watch/?v=1529010681077975">&#8220;That's how you win.</a> Always.&#8221;
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Startups

Kevin O'Leary's Market Strategy Revealed – Why Listening Could Be Your Biggest Financial Asset

Expert Systems, a hybrid AI enabled drug discovery and development accelerator, announced a significant milestone in a development of Traws Pharma, Inc. 's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) H5N1 antiviral program. The investigational drug, Tivoxavir Marboxil, has shown encouraging results as a single-dose treatment for H5N1 avian influenza, representing a potentially pivotal advance in addressing this serious health challenge.
Tivoxavir Marboxil, an oral cap-dependent endonuclease inhibitor, targets a highly conserved influenza protein, demonstrating broad-spectrum efficacy against various flu strains, including avian influenza. Preclinical studies have highlighted its potent activity against drug-resistant and highly pathogenic bird flu viruses, both in vitro and in vivo.
In a recent randomized, double-blind, placebo-controlled Phase 1 clinical trial, the safety, tolerability, and pharmacokinetics of single ascending doses of Tivoxavir Marboxil were evaluated in healthy, influenza-negative adult volunteers. The trial reported no treatment-related adverse events. Notably, a single dose maintained plasma drug levels above the effective concentration (EC90) for over 23 days, indicating the potential for sustained efficacy with a one-time administration.

Biotech

TRAW

Expert Systems Announced Milestone in Traws Pharma's H5N1 Program; Tivoxavir Marboxil Shows Broad-Spectrum Efficacy In Phase 1 Trial With No Adverse Events; Single Dose Maintains Plasma Levels Above EC90 For Over 23 Days

Rumble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>), the video-sharing platform and cloud services provider, today announced that it has entered a cloud services agreement with the Government of El Salvador. The deal represents the increasing migration of the world toward companies that align more with the values of freedom that Rumble represents. Rumble's services to El Salvador will include cloud storage (object and block storage), cloud computing, databases, load balancers, and Kubernetes integration.

Contracts

Global

Rumble Announces Cloud Agreement With Government Of El Salvador

Freight Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) reported quarterly losses of $(15.94) per share. The company reported $8.13 million in sales this quarter. This is a 6.64 percent increase over sales of $7.62 million the same period last year.

Earnings

FRGT

Freight Technologies H1 EPS $(15.94), Sales $8.13M Up From $7.62M YoY

NioCorp Developments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NB#NASDAQ">NB</a>) reported quarterly losses of $(0.01) per share. This is a 88.89 percent increase over losses of $(0.09) per share from the same period last year.

NioCorp Developments Q2 EPS $(0.01) Up From $(0.09) YoY

Associated Capital Group, Inc. ("AC" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AC#NYSE">AC</a>), announced today a preliminary range for its fourth quarter book value of $42.04 to $42.24 per share. These estimates reflect the $2 per share special dividend paid on November 4, 2024 to Class A and Class B shareholders of record on October 21, 2024. This range compares to book value of $42.02 per share at September 30, 2024.
AC will be issuing further details on its financial results in February.

Guidance

Associated Capital Preliminary Range For Q4 Book Value Of $42.04-$42.24 Per Share

<a href="https://www.globenewswire.com/Tracker?data=qb1HHh-7BoDr3e2cTK3XuK5vOFdoebS8Qhb97jUgV0sIMhaXcUKCtORUq7DN5LgVqGFqt8LBrT73W53GxsdTWdUgCCb8jr8YMeG-hI3w_Ug=">Matinas BioPharma</a> Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTNB#NYSE">MTNB</a>) announces that on January 6, 2025, it received a NYSE American LLC notice indicating that the Company has fallen below certain NYSE American continued listing standards because it failed to hold its annual meeting of stockholders for the fiscal year ending on December 31, 2024, as set forth in Section 704 of the NYSE American Company Guide.
The Company intends to hold its annual meeting no later than December 31, 2025 in order to regain compliance under the NYSE American Company Guide.

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