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Tesla and SpaceX CEO Elon Musk <a href="https://www.benzinga.com/news/23/08/34061371/want-to-apply-for-jobs-at-tesla-spacex-elon-musk-finds-linkedin-links-cringe-instead-he-prefers-this">has previously called</a> LinkedIn &#8220;cringe,&#8221; but&nbsp;Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has reported a significant increase in engagement and growth on the platform.
What Happened: On Tuesday, during the <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">company&#8217;s four-quarter earnings</a> call, Microsoft CEO&nbsp;Satya Nadella&nbsp;said that LinkedIn continues to witness&nbsp;&#8220;accelerated member growth and record&nbsp;engagement.&#8221; 
He said that the platform sees&nbsp;1.5 million pieces of content&nbsp;shared every minute, with video being the fastest-growing format, showing a 34% increase year-over-year.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/40031960/microsofts-windows-reportedly-warns-users-to-backup-their-data-in-the-cloud-to-have-peace-of-mind-bu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft&#8217;s Windows Reportedly Warns Users To Backup Their Data In The Cloud To Have &#8216;Peace Of Mind&#8217; — But At What Price?</a>
Nadella also highlighted the success of LinkedIn Marketing Solutions in B2B digital advertising and the increase in Premium sign-ups, which rose by 51% this fiscal year.
Microsoft&#8217;s CFO&nbsp;Amy Hood&nbsp;added that LinkedIn&#8217;s revenue increased by&nbsp;10% and 9% in constant&nbsp;currency,&nbsp;driven by better-than-expected performance across&nbsp;all businesses. The company expects high single-digit revenue growth for LinkedIn in the next quarter.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Musk has previously criticized LinkedIn and promoted his social media platform X, formerly Twitter, for posting job listings. In March 2024, the tech billionaire announced over <a href="https://www.benzinga.com/news/24/03/37529500/is-x-the-new-linkedin-elon-musks-everything-app-gets-a-boost-shows-off-over-1-million-job-listings">one million job listings from recruiters</a>, positioning X as a potential competitor to LinkedIn.
Meanwhile, on Tuesday, Microsoft reported fourth-quarter revenue of $64.7 billion, marking a 15% year-over-year increase. This figure surpassed the Street&#8217;s consensus estimate of $64.36 billion, according to data&nbsp;<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent073024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">from Benzinga Pro.</a>
Price Action: Microsoft shares fell 2.72% to $411.40 in after-hours trading. The tech giant closed Tuesday&#8217;s regular session 0.89% lower at $422.92.
Photo Courtesy: Shutterstock.com
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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<li><a href="https://www.benzinga.com/news/24/07/40027527/mark-zuckerberg-gets-triggered-by-closed-ai-models-at-siggraph-2024-drops-f-bomb-while-talking-with?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Gets Triggered By Closed AI Models At SIGGRAPH 2024, Drops F-Bomb While Talking With Nvidia CEO Jensen Huang: ‘There Goes Our Broadcast Opportunity'</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Markets

Tech

MSFT

Elon Musk Might Be Sidelining LinkedIn To Promote X, But Microsoft CEO Satya Nadella Says It Continues To See 'Record Engagement'

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has made significant strides in enhancing the artificial intelligence capabilities of its Azure cloud platform. The company unveiled these advancements during its <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">fourth-quarter earnings call</a>, showcasing its commitment to maintaining a competitive edge in the dynamic AI market.
What Happened: Microsoft has integrated cutting-edge models from OpenAI and advanced hardware accelerators from NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) into its Azure cloud platform. This move is aimed at fortifying Microsoft&#8217;s position in the rapidly evolving AI market.
CEO Satya Nadella announced that the Azure OpenAI Service now provides access to the most advanced frontier models, including GPT-4 and GPT-4 Turbo. This integration is expected to accelerate AI adoption across various industries.
&#8220;We added new AI accelerators from AMD and Nvidia, as well as our own first party silicon Azure Maia,&#8221; Nadella explained, highlighting Microsoft&#8217;s multi-pronged approach to AI acceleration.
Microsoft has also upgraded its hardware capabilities by adding new AI accelerators from NVIDIA to its Azure datacenters. This enhancement is crucial for supporting the increased demand for AI services, which contributed significantly to Azure&#8217;s 29% year-over-year revenue growth.
The integration of OpenAI&#8217;s latest models and Nvidia&#8217;s hardware accelerators into Azure is part of Microsoft&#8217;s broader strategy to dominate the AI cloud services market. With over 60,000 Azure AI customers and a 60% year-over-year increase in this customer base, Microsoft is positioning itself as a leading provider of enterprise AI solutions.
See Also: <a href="https://www.benzinga.com/news/24/07/40002632/kamala-harris-the-will-of-the-venezuelan-people-must-be-respected-as-socialist-nicol-s-maduro-faces?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris: &#8216;The Will Of The Venezuelan People Must Be Respected&#8217; As Socialist Nicolás Maduro Faces Toughest Test At The Ballot In Decades</a>
Why It Matters: Despite the positive developments, <a href="https://www.benzinga.com/markets/equities/24/07/40056655/microsoft-azure-miss-to-lead-to-dip-in-ai-stocks-but-the-trade-remains-strong-predicts-gene-muns">Microsoft&#8217;s Azure underperformance</a> has been predicted to lead to a dip in the stock. However, the long-term prospects of the AI industry remain strong, according to Deepwater Asset Management‘s Managing Partner&nbsp;Gene Munster, with continued heavy investment in big tech infrastructure, particularly Microsoft&#8217;s Capex, which stood at $13.8 billion, a 55% YoY increase.
Microsoft&#8217;s fourth-quarter revenue of $64.7 billion, up 15% year-over-year, beat the <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">Street consensus estimate of $64.36 billion</a>. The company&#8217;s AI initiatives are expected to play a central role in driving continued double-digit revenue and operating income growth in the coming fiscal year.
Despite these positive developments, Microsoft faced a setback with a <a href="https://www.benzinga.com/news/24/07/40042567/microsoft-365-outage-users-report-issues-with-outlook-website-and-app">Microsoft 365 outage</a>, which resulted in access issues and degraded performance with multiple Microsoft 365 services and features. 
Price Action: Microsoft Corp's stock closed at $422.92, down 0.89% on Tuesday. In after-hours trading, the stock fell further 2.72%. Despite this, the stock has risen 14.03% year to date, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/news/earnings/24/07/40004774/dow-jumps-over-650-points-following-inflation-data-fear-greed-index-moves-to-neutral-zone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dow Jumps Over 650 Points Following Inflation Data: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a></li>
</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

NVDA

Microsoft Boosts Azure AI With OpenAI Models, Satya Nadella Says, 'We Added New AI Accelerators From AMD And Nvidia'

Economist and staunch Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) critic Peter Schiff slammed the idea of companies using the apex cryptocurrency as a treasury asset, arguing it&#8217;s a gamble with shareholder&#8217;s funds.
What Happened: Schiff&#8217;s scathing remarks came in response to MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder Michael Saylor&#8217;s post where he cheered the possibility of more corporations planning to include Bitcoin in their balance sheets as a strategic asset. 
Schiff wrote, &#8220;Bitcoin is neither strategic nor appropriate as a treasury asset. Companies shouldn&#8217;t flat out gamble with shareholder&#8217;s funds. They should pay dividends and let shareholders gamble with their own money.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin is neither strategic nor appropriate as a treasury asset. Companies shouldn&#39;t flat out gamble with shareholder&#39;s funds. They should pay dividends and let shareholders gamble with their own money.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1818435641476354077?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40002734/trump-says-bitcoin-will-skyrocket-like-never-before-if-he-returns-to-the-white-house-promi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says Bitcoin Will &#8216;Skyrocket Like Never Before&#8217; If He Returns To The White House, Promises To Fire SEC Chair Gary Gensler On Day 1</a>
For the uninitiated, MicroStrategy has spearheaded the growing trend of purchasing and holding Bitcoins. It is the largest corporate holder of the cryptocurrency, with a stash worth nearly $15 billion, <a href="https://bitcointreasuries.net/">according </a>to bitcointresuries.net.
Last week, leading miner Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39958725/marathon-digital-buys-bitcoin-adopts-full-hodl-strategy-whats-going-on-with-the-mining-sto">announced the purchase of $100 million of Bitcoin</a> as part of its&nbsp;buy-and-hold strategy.
Why It Matters: This isn&#8217;t the first time Schiff has voiced skepticism toward holding Bitcoin as a strategic reserve. He has previously <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40003571/peter-schiff-confronts-donald-trump-and-michael-saylors-never-sell-your-bitcoin-strategy-w">questioned the logic behind owning Bitcoin if no one ever sells it</a>.
Schiff also slammed former President Donald Trump&#8217;s endorsement of Bitcoin at a recent conference, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39975390/trumps-bitcoin-support-a-political-no-brainer-to-garner-votes-says-peter-schiff-promise-to">calling it a strategic move to gain political support</a> rather than a commitment to make it a reserve asset.
Price Action: At the time of writing, Bitcoin is exchanging hands at $66,140.89, down 0.54% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photo Courtesy: Wikimedia Commons
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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.<a href="https://benzinga.com/apis" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BTC

MARA

MSTR

Peter Schiff Hits Out At Michael Saylor, Slams Trend Of Having Bitcoin On Balance Sheets: 'Companies Shouldn't Flat Out Gamble With Shareholder's Funds'

A measure to broaden the authority to recommend medical marijuana to any licensed healthcare provider in New Hampshire with DEA registration was signed by Gov. Chris Sununu (R) into law.
SB 357, from Sen. Becky Whitley (D), stipulates that it is legal for physician assistants as well as any state care provider "who is licensed to prescribe drugs to humans and who possesses an active registration from the United States Drug Enforcement Administration [DEA] to prescribe controlled substances."
The move comes on the heels of Gov. Sununu's recent decision to sign into law a bill to add generalized anxiety disorder to the list of qualifying conditions for medical marijuana. The legislation, known as HB 1349 and introduced by Rep. Heath Howard (D), is about to take effect in a couple of months, providing a new therapeutic option for <a href="https://www.benzinga.com/markets/cannabis/24/07/39844366/new-hampshire-expands-medical-marijuana-program-to-include-anxiety-but-vetoes-cultivation-expans">patients suffering from anxiety.</a>
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/06/39230325/new-hampshire-could-legalize-cannabis-in-2026-under-amended-marijuana-bill-up-for-a-final-vote">New Hampshire Could Legalize Cannabis In 2026 Under Amended Marijuana Bill Up For A Final Vote</a>
<h3 class="wp-block-heading">Why It Matters</h3>
While Sununu didn't issue a statement once he signed the measure into law, the bill's sponsor shared more insight on what this policy change means for patients statewide.
"By responsibly expanding who can certify a patient for a therapeutic cannabis prescription, we will ensure that individuals who qualify for therapeutic cannabis will have further access to needed care," Whitley <a href="https://www.marijuanamoment.net/new-hampshire-governor-signs-medical-marijuana-expansion-bill-allowing-more-providers-to-recommend-it-to-patients/">told</a> Marijuana Moment. "Therapeutic cannabis has proven to help patients suffering from a number of health issues, and today we took a step forward in ensuring patients can access health care in the Granite State."
<h3 class="wp-block-heading">Another Medical Cannabis Measure Pending Gov.'s Decision</h3>
A separate medical marijuana bill is still awaiting <a href="https://www.benzinga.com/markets/cannabis/24/06/39393316/cannabis-update-new-hampshire-expands-medical-program-alabamas-licensing-battles-more">the governor's decision.</a>
HB 1278, introduced by Rep. Wendy Thomas (D), seeks to expand the qualifying conditions for medical marijuana to include any debilitating or terminal condition as judged by a medical provider. Thomas, a cancer survivor and medical marijuana patient, has been vocal about the benefits she has experienced, citing relief from chronic pain, insomnia, and PTSD.
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Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices surge by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.

Cannabis

Government

Regulations

Politics

Physician Assistants And Providers Can Recommend Medical Cannabis To New Hampshire Patients Following Gov. Sununu's Approval

Leading cryptocurrencies edged lower Tuesday as bankrupt cryptocurrency exchange Mt. Gox continued making billions worth of Bitcoin moves.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 9 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.56%</td>
<td>$66,354.69</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>-1.43%</td>
<td>$3,285.23</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>-3.03%</td>
<td>$0.1259</td>
</tr>
</tbody>
</table>
</figure>
What Happened: King Crypto meandered in the $65,400 &#8211; $66.900 range Tuesday. The digital currency has taken a U-turn after hitting nearly $70,000 at the start of the week.&nbsp;&nbsp;
Mt. Gox moved <a href="https://platform.arkhamintelligence.com/explorer/entity/mt-gox">$2.25 billion in Bitcoin</a> out of its cold wallet earlier in the day, keeping investors on their toes. The payouts to creditors of the fallen exchange began this month.
Ethereum oscillated between intraday highs of $3,364 and $3,237, as the newly-listed spot ETFs saw net <a href="https://sosovalue.com/assets/etf/us-eth-spot">outflows </a>of $84 million, as per SoSo Value.
Over the past 24 hours, 43,475 traders were liquidated, with total liquidations at $111.41 million. More than $89 million in bullish bets were wiped out.&nbsp;
Ethereum's Open Interest rose 0.07% in the last 24 hours. A drop in price, coming alongside a rise in OI, indicated the opening of new short positions.
The Cryptocurrency Fear &amp; Greed Index fell from 67 to 61 in the last 24 hours, although the broader sentiment continued to be of "Greed."
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9 p.m. EDT)</td>
</tr>
<tr>
<td>XRP (XRP)</td>
<td>+6.41%</td>
<td>$0.6413</td>
</tr>
<tr>
<td>BOOK OF MEME (BOME)</td>
<td>+5.29%</td>
<td>$0.01101</td>
</tr>
<tr>
<td>Mog Coin (MOG)</td>
<td>+3.90%</td>
<td>$0.000002065</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market stood at $2.38 trillion, shrinking 0.39% in the last 24 hours.
Stocks slipped lower on Tuesday. The tech-focused Nasdaq Composite sank 222.78 points, or 1.28%, to end at 17,147.42. The broad market index, S&amp;P 500, closed 0.50% lower at 5,436.44.
Defying the downtrend, the Dow Jones Industrial Average gained 0.50% to finish at 40,743.33.
The tech dump came ahead of&nbsp; Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) fourth-quarter earnings, <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">which reported higher-than-expected revenue</a>. Other megacap names like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) are slated to report their financials later in the week.
Investors also kept an eye on the Federal Reserve's FOMC meeting, expecting no changes in interest rates.&nbsp;&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely-followed cryptocurrency researcher Ali Martinez noted that the TD Sequential indicator had accurately predicted a Bitcoin correction from $70,000 to $65,500.&nbsp;
He stated that the indicator is flagging a buy signal currently, suggesting a rebound if King Crypto can record an hourly close above $66,300
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On the hourly <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> chart, the TD Sequential accurately signaled a correction before <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> dropped from $70,000 to $65,500. Now, it's presenting a buy signal, suggesting a potential rebound if <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> can sustain an hourly close above $66,300. <a href="https://t.co/2PjdKreBxy">pic.twitter.com/2PjdKreBxy</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1818360869023367522?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another popular cryptocurrency trader, Trader Tardigrade, spotted a bullish signal for Ethereum using the Gaussian Channel indicator. 
The trader noted that the Channel has turned green, and the last such occurrence resulted in a 1300% spike for the cryptocyrrency.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a> Gaussian Channel has turned GREEN &#x1f525; It signals the start of Bull Run. Last time when it turned green from red, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> surged from $300 to $5k level. It grew 1,300% &#x1f680; <a href="https://t.co/sWuNK0tXeq">pic.twitter.com/sWuNK0tXeq</a>
&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1818311351670124815?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Svetlana Parnikova on Shutterstock
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Movers

Trading Ideas

$DOGE

$ETH

AAPL

Bitcoin, Ethereum, Dogecoin Slide As Mt. Gox Moves Billions In King Crypto Out Of Cold Wallet: Analyst Predicts ETH Bull Run Because Of This Reason

Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) witnessed a significant surge in its stock price after the company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/07/40051646/amd-shares-rebound-after-chipmaker-posts-q2-beat-guidance-tops-expectations-ceo-lisa-su-says-ai-bus">second-quarter results exceeded expectations</a>, validating the decision of a prominent investor to reinvest in the chipmaker.
What Happened: AMD&#8217;s revenue for the quarter rose by 9% to $5.84 billion, surpassing the estimated $5.72 billion,. The adjusted earnings per share also increased by 19% to 69 cents, a cent above the estimates. The company&#8217;s data center business, particularly its new artificial intelligence chip, the MI300X, played a pivotal role in this performance.
Jim Cramer, a well-known investor, and host of &#8220;Mad Money&#8221; on CNBC, <a href="https://www.cnbc.com/2024/07/30/amd-jumps-on-earnings-report-that-validates-our-decision-to-reinvest-in-the-stock.html">expressed</a> his confidence in AMD&#8217;s future. He highlighted the company&#8217;s CEO, Lisa Su, as a key factor in AMD&#8217;s success, stating that &#8220;AMD&#8217;s results proved our plan to reinvest in the stock was right.&#8221;
The news of the strong earnings report caused AMD&#8217;s stock to jump over 7% in after-hours trading, providing a much-needed boost after a difficult period for the company and the tech industry as a whole.
See Also: <a href="https://www.benzinga.com/news/24/07/40002632/kamala-harris-the-will-of-the-venezuelan-people-must-be-respected-as-socialist-nicol-s-maduro-faces?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris: &#8216;The Will Of The Venezuelan People Must Be Respected&#8217; As Socialist Nicolás Maduro Faces Faces Toughest Test At The Ballot In Decades</a>
Why It Matters: The recent surge in AMD stock follows a period of uncertainty and market pressure. In May Cramer commented that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39107696/jim-cramer-says-amd-under-150-would-be-terrific-but-it-doesnt-have-what-nvidia-has">AMD under $150 would be &#8216;terrific&#8217;</a>, but noted that it doesn&#8217;t match up to NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
AMD shares rebounded after the company posted a second-quarter beat and provided <a href="https://www.benzinga.com/news/24/07/40056911/in-nvidia-and-amd-arm-pc-race-lisa-su-optimistic-about-product-positioning-despite-market-underrepre">guidance that topped expectations</a>. CEO Su emphasized the accelerating AI business, which helped the stock rise in after-hours trading. This was a significant rebound from earlier market pessimism about potential cutbacks in orders from Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and competition from Nvidia.
Additionally, the <a href="https://www.benzinga.com/news/earnings/24/07/40051646/amd-shares-rebound-after-chipmaker-posts-q2-beat-guidance-tops-expectations-ceo-lisa-su-says-ai-bus">second-quarter report</a> was crucial as it provided insights into AI-related spending, a key area where AMD is catching up to Nvidia. The company was expected to report second-quarter earnings of $0.68 per share, up from $0.58 per share in the year-ago quarter.
The earnings report came at a pivotal moment for the tech sector, with several mega-cap tech giants, including Microsoft, Apple Inc, (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Amazon.com, Inc, (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), also reporting their <a href="https://www.benzinga.com/news/earnings/24/07/40038023/magnificent-seven-face-pivotal-market-moment-as-4-mega-tech-giants-report-earnings-this-week">quarterly earnings in the same week</a>. This collective reporting period was seen as a decisive market test for the elite group known as the Magnificent Seven.
Price Action:&nbsp;AMD shares surged 7.64% in after-hours trading, reaching $149.02, after closing Tuesday&#8217;s regular session at $138.44, a decrease of 0.94%, according to&nbsp;<a href="https://benzinga.grsm.io/register174" target="_blank" rel="noreferrer noopener">Benzinga Pro data.</a>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/07/40029681/trump-accuses-opec-of-manipulating-oil-prices-to-favor-kamala-harris-warns-she-will-be-a-disaste?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Accuses OPEC Of Manipulating Oil Prices To Favor Kamala Harris, Warns &#8216;She Will Be A Disaster For For The USA!&#8217;</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Analyst Ratings

AMZN

'AMD's Results Proved Our Plan To Reinvest In The Stock Was Right,' Says Jim Cramer Who Credits Lisa Su As Key Factor In Chip Makers Success

On Tuesday, major U.S. indices showed mixed results. The Dow Jones Industrial Average rose by 0.5% to close at 40,743.33, while the S&amp;P 500 fell by a similar margin to 5,436.44. The Nasdaq dropped nearly 1.3%, ending the day at 17,147.42.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
NVIDIA shares experienced a surge in after-hours trading, closing the day with a 7.04% decrease at $103.73. In the after-hours trading, the stock spiked 5.1% to $109. The stock&#8217;s intraday high and low were $111.99 and $102.54 respectively, with a 52-week range of $195.95 to $39.23. This surge was in sympathy with <a href="https://www.benzinga.com/news/earnings/24/07/40054145/nvidia-stock-is-surging-after-the-bell-whats-going-on">AMD&#8217;s strong second-quarter earnings results</a>.
Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)
AMD shares rebounded by 7.6% in the after-hours trading to $149.02 after the chipmaker posted second-quarter earnings and revenue that increased year-over-year. The stock closed down 0.94% at $138.44, with an intraday high and low of $141.7 and $134.05 respectively, and a 52-week range of $227.3 to $93.12. <a href="https://www.benzinga.com/news/earnings/24/07/40051646/amd-shares-rebound-after-chipmaker-posts-q2-beat-guidance-tops-expectations-ceo-lisa-su-says-ai-bus">AMD&#8217;s strong performance</a> was driven by strength in data center revenue and fairly positive performance in the client business, as detailed in the second-quarter earnings report.
See Also: <a href="https://www.benzinga.com/news/24/07/40013038/bill-gates-ex-wife-reveals-she-shares-jeff-bezos-ex-wife-mackenzie-scotts-parenting-style-she-was-tr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bill Gates&#8217; Ex-Wife Reveals She Shares Jeff Bezos&#8217; Ex-Wife MacKenzie Scott&#8217;s Parenting Style: &#8216;She Was Trying To Raise Her Kids, Literally Just Down The Street From Me, In Essentially The Same Way&#8217;</a>
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)
Microsoft reported a 15% year-over-year increase in fourth-quarter revenue, beating Street consensus estimates. The stock closed down 0.89% at $422.92, with an intraday high and low of $429.05 and $417.36 respectively, and a 52-week range of $468.35 to $309.45. Microsoft&#8217;s cloud revenue was up 21% YoY at $36.8 billion, according to the company&#8217;s <a href="https://www.benzinga.com/news/24/07/40031872/tesla-recalls-over-1-8m-vehicles-over-concerns-of-unlatched-hood-opening-when-driving">fourth-quarter report</a>.
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta Platforms is set to report its second-quarter earnings with a focus on its AI capabilities. The stock closed down 0.54% at $463.19, with an intraday high and low of $472.73 and $456.70 respectively, and a 52-week range of $542.79 to $274.39. Advertisers are expected to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40045019/meta-platforms-q2-earnings-preview-ai-in-focus-as-advertisers-spend-on-the-best-dig">increase their spending</a> on the platform. The company will report its second-quarter earnings on Wednesday after market close.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla is <a href="https://www.benzinga.com/news/24/07/40031872/tesla-recalls-over-1-8m-vehicles-over-concerns-of-unlatched-hood-opening-when-driving">recalling over 1.8 million vehicles</a> in the U.S. due to concerns that an unlatched hood can fully open while driving. The stock closed down 4.08% at $222.62, with an intraday high and low of $232.41 and $220 respectively, and a 52-week range of $278.97 to $138.8. The recall includes different model years of Model 3, Model S, Model X, and Model Y vehicles.
Photo by Jirapong Manustrong on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
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<li><a href="https://www.benzinga.com/news/24/07/40001721/thiel-reportedly-reassessing-trump-in-wake-of-vance-pick-in-spite-of-many-misgivings-he-had-earlier?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Thiel Reportedly Reassessing Trump In Wake Of Vance Pick &#8216;In Spite Of Many Misgivings&#8217; He Had Earlier This Year</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

TSLA

Nvidia, AMD, Microsoft, Meta, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) CEO Lisa Su, on Tuesday, acknowledged the company&#8217;s underrepresentation in the PC market but expressed confidence in its product positioning.
What Happened: During <a href="https://www.benzinga.com/news/earnings/24/07/40051646/amd-shares-rebound-after-chipmaker-posts-q2-beat-guidance-tops-expectations-ceo-lisa-su-says-ai-bus">AMD&#8217;s second-quarter earnings</a> call, Su responded to a question from Deutsche Bank analyst Ross Seymore about her company&#8217;s standing in the AI PC market and the potential impact of emerging Arm-based systems.
In response, she expressed satisfaction with AMD&#8217;s client business results and the company&#8217;s roadmap. &#8220;The Zen 5-based products, we&#8217;re launching both notebook and desktop in the middle of this year.&#8221;
The AMD CEO went on to add, &#8220;What we&#8217;ve seen is actually very positive feedback on the product. So, we just actually launched the first Strix-based notebooks over the weekend. They went on sale.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/40003033/elon-musk-blocked-vampires-fame-james-wood-for-slamming-his-blocking-ban-now-the-actor-cant-stop-sin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Blocked &#8216;Vampires&#8217; Fame James Woods For Slamming His Blocking Ban, Now The Actor Can&#8217;t Stop Sin</a>
Su also spoke about the importance of AI PCs to the overall PC category and predicted better seasonality in&nbsp;the second half of the&nbsp;year, driven by the strength of their product launches. Looking ahead to 2025, Su anticipates AI PCs to span&nbsp;a larger set of price&nbsp;points, opening up more opportunities.
When asked about the impact of Arm-based systems, she acknowledged AMD&#8217;s underrepresentation in the PC market but expressed confidence in their products&#8217; positioning against competition.
&#8220;I would say that we take all of our competition very seriously. That being the case, I think our products are very well-positioned,&#8221; she stated.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: AMD&#8217;s second-quarter earnings and revenue increased year-over-year, driven by strength in data center revenue and a fairly positive performance in the client business. 
This performance came despite concerns about a possible cutback in orders from Microsoft Corporation and the formidable threat posed by artificial intelligence frontrunner Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Last year, it was reported that Nvidia and AMD are both <a href="https://www.benzinga.com/news/23/10/35382638/why-nvidia-stock-gained-today">planning to launch Arm-based CPUs</a> for Windows-based PCs as soon as 2025. 
This could be a major expansion of Microsoft's Windows on Arm work, considering the tech giant has so far exclusively partnered with Qualcomm.
Price Action: AMD shares surged 7.64% in after-hours trading, reaching $149.02, after closing Tuesday's regular session at $138.44, a decrease of 0.94%, according to&nbsp;<a href="https://benzinga.grsm.io/register174" target="_blank" rel="noreferrer noopener">Benzinga Pro data.</a>
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>.
<ul>
<li>Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/07/40031960/microsofts-windows-reportedly-warns-users-to-backup-their-data-in-the-cloud-to-have-peace-of-mind-bu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft&#8217;s Windows Reportedly Warns Users To Backup Their Data In The Cloud To Have &#8216;Peace Of Mind&#8217; — But At What Price?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

In Nvidia And AMD ARM PC Race, Lisa Su Optimistic About Product Positioning Despite Market Underrepresentation: 'We Take All Of Our Competition Very Seriously'

Deepwater Asset Management&#8216;s Managing Partner Gene Munster has forecasted a potential downturn in AI stocks due to Microsoft Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Azure underperformance. Despite this, Munster remains <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">optimistic about the AI sector&#8217;s future</a>.
What Happened: Munster took X to share his insights on the impact of Microsoft&#8217;s fourth-quarter financial results, released on Tuesday. He expects the AI stocks to decline in response to the Azure growth falling short of expectations. 
However, Munster is confident in the long-term prospects of the AI industry, citing the continued heavy investment in big tech infrastructure, particularly Microsoft&#8217;s Capex, which stood at $13.8 billion, a 55% YoY increase. &#8220;While AI stocks will likely be down tomorrow on the Azure's miss, I believe the AI trade is intact,&#8221; he wrote. 
Munster particularly highlighted Microsoft, Google&#8216;s parent company Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) among the AI stocks. 
<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">While AI stocks will likely be down tomorrow on the Azure's miss, I believe the AI trade is intact. Big tech infrastructure spending continues to push down harder on the AI spring. Microsoft's critical Capex number was $13.8B, 5% higher than the Street and up 55% YoY.<a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a>,…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1818380265208660444?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The Azure underperformance led to a drop in Microsoft&#8217;s stock during after-hours trading on Tuesday, as reported by Reuters.
Munster also noted that the increase in Capex, particularly Microsoft&#8217;s 51% YoY rise, could potentially impact margins in the short term but ultimately drive them higher in the long term. He suggested that this could be good news for companies like Nvidia and Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) in 2024.
<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">More capex is a good thing. <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a> Capex up 51% YoY may pressure margins in the near-term, and long-term push them higher. Good news for <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a>, <a href="https://twitter.com/search?q=%24TSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSM</a> in 2024.
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1818382724148674910?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40003571/peter-schiff-confronts-donald-trump-and-michael-saylors-never-sell-your-bitcoin-strategy-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Confronts Donald Trump And Michael Saylor&#8217;s &#8216;Never Sell Your Bitcoin&#8217; Strategy: &#8216;What&#8217;s The Point Of Owning It?&#8217;</a>
Why It Matters: Microsoft&#8217;s fourth-quarter results, which were released after the market closed on Tuesday, revealed a revenue of $64.7 billion, a 15% YoY increase, beating the <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">Street&#8217;s consensus estimate of $64.36 billion</a>. Despite this, the Azure growth missed expectations, impacting the company&#8217;s stock.
Microsoft&#8217;s stock was already under scrutiny earlier in the day due to a <a href="https://www.benzinga.com/news/24/07/40042567/microsoft-365-outage-users-report-issues-with-outlook-website-and-app">Microsoft 365 outage</a> that affected various services and features.
Microsoft&#8217;s performance is particularly significant as it sets the tone for the tech industry&#8217;s earnings season, with other tech giants like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) also reporting their <a href="https://www.benzinga.com/news/earnings/24/07/40038023/magnificent-seven-face-pivotal-market-moment-as-4-mega-tech-giants-report-earnings-this-week">quarterly earnings this week</a>.
Price Action: Microsoft Corp&#8217;s stock closed at $422.92, down 0.89% on Tuesday. In after-hours trading, the stock fell further 2.72%. Despite this, the stock has risen 14.03% year to date, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<a href="https://www.benzinga.com/news/24/07/40002632/kamala-harris-the-will-of-the-venezuelan-people-must-be-respected-as-socialist-nicol-s-maduro-faces?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris: &#8216;The Will Of The Venezuelan People Must Be Respected&#8217; As Socialist Nicolás Maduro Faces Toughest Test At The Ballot In Decades</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>

GOOG

GOOGL

Microsoft Azure Miss To Lead To Dip In AI Stocks, But The Trade Remains Strong, Predicts Gene Munster — Increased Redmond Capex 'Good News' For Nvidia, TSMC

A bettor on a cryptocurrency-based prediction market, Polymarket, went underwater after gambling in favor of a Donald Trump victory in the upcoming presidential elections.
What Happened: As revealed by the platform's official X handle, a trader, going by the pseudonym truppppp, is down more than 12% on their positions, amounting to $72,000.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This trader is down $72,000 after buying the top of Trump&#39;s election odds. Trump&#39;s odds fell 12% after Kamala Harris replaced Biden as the Democratic Nominee. <a href="https://t.co/NZIZE6gClc">pic.twitter.com/NZIZE6gClc</a>
&mdash; Polymarket (@Polymarket) <a href="https://twitter.com/Polymarket/status/1818332679361749049?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The significant blow to their trade comes as the odds of a Trump presidency slid sharply on the so-called decentralized prediction market.
According to fresh <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1722386904215">data</a>, bets in favor of Trump dropped from 71% to 58% over the last two weeks. On the other hand, wagers backing the new Democratic presidential nominee, Kamala Harris, soared to 38% after she replaced incumbent president Joe Biden for the race.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40028787/crypto-focused-fairshake-becomes-biggest-super-pac-with-over-200m-in-donations-spends-90-o">Crypto-Focused Fairshake Becomes Biggest Super PAC With Over $200M In Donations, Spends 90% Of The Funds Against Democrats</a>
Why It Matters: Polymarket, which is built atop Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) Layer-2 chain Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>), has emerged as one of the world&#8217;s top prediction markets for U.S. elections over the last few months.
Users can buy or sell outcome shares, which can be redeemed for $1 if the outcome is correct, and become worthless if it's incorrect. However, it currently does not allow U.S. users to place trades based on its predictions.
Cryptocurrency has emerged as one of the hottest topics in this year's elections, with the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001426/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done">Republican party led by Trump openly endorsing it</a>, while <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40028210/kamala-harris-participation-in-upcoming-major-crypto-conference-sought-by-democratic-donor">expectations of a "crypto reset"</a> are high from Harris.
Price Action: At the time of writing, Trump-inspired Maga Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) is exchanging hands at $5.28, up 0.18% in the last 24 hours. Coin themed on Harris, Kamala Horris (CRYPTO: KAMA) is down 15% in the 24-hour period.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40046076/vp-kamala-harris-crypto-reset-may-be-too-little-too-late-bernstein">VP Kamala Harris&#8217; &#8216;Crypto Reset&#8217; May Be Too Little Too Late: Bernstein</a></li>
</ul>

$MATIC

$TRUMP

Trump Odds Tumble Sharply After Biden's Withdrawal On Crypto Betting Platform; Polymarket Trader Down $72,000 After Betting On Former President

The U.S. Army has put a halt to the salary and allowances of a soldier currently imprisoned in Russia. The soldier is expected to face prosecution upon his return to the United States, officials have stated.
What Happened: Staff Sergeant Gordon Black, 34, who is currently serving a sentence in Russia for theft and threatening murder, has had his wages and allowances stopped by the US Army, as per a Reuters report on Friday. Black has been found guilty of multiple violations of Army rules, including unauthorized travel to Russia and engaging in an extramarital affair, which is against the rules in the U.S. military.
Black had met Alexandra Vashchuk, a Russian woman, during his deployment in South Korea and followed her to Vladivostok, Russia, during his military leave. After a dispute, Vashchuk reported him to the police.
See Also: <a href="https://www.benzinga.com/news/24/07/40013038/bill-gates-ex-wife-reveals-she-shares-jeff-bezos-ex-wife-mackenzie-scotts-parenting-style-she-was-tr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bill Gates&#8217; Ex-Wife Reveals She Shares Jeff Bezos&#8217; Ex-Wife MacKenzie Scott&#8217;s Parenting Style: &#8216;She Was Trying To Raise Her Kids, Literally Just Down The Street From Me, In Essentially The Same Way&#8217;</a>
A senior US defense official drew a parallel between Black&#8217;s case and that of US Army Private Travis King, who faced charges including desertion after being taken into custody in North Korea. The official stated, &#8220;When Black is back in the United States, there will be probably consequences, just as Private King is experiencing consequences for essentially unacceptable behavior.&#8221;
Black was arrested in Vladivostok in May and was found guilty by a Russian judge of stealing 10,000 rubles ($116) from Vashchuk&#8217;s purse and threatening to kill her. He pleaded not guilty to the threat but admitted to stealing the money.
In May, the military decided to stop paying Black his wages and housing allowance, Army officials told Reuters. His status is now &#8220;Confined Civilian Authority,&#8221; and he is on active duty without pay or allowances. The Army is maintaining medical benefits and base privileges for Black&#8217;s family members.
Why It Matters: This incident follows a similar case where a US soldier was detained in North Korea after <a href="https://www.benzinga.com/government/23/07/33268021/us-soldier-detained-in-north-korea-after-crossing-military-demarcation-line-report">crossing the Military Demarcation Line</a> without authorization during a tour of the joint security area between North and South Korea. 
The U.N. Command confirmed the unauthorized crossing and stated that the U.S. national was believed to be in custody in North Korea at the time. Efforts were then made to resolve the incident.
North Korea had then said that King had entered its territory due to alleged &#8220;<a href="https://www.benzinga.com/news/23/08/33870241/north-korea-says-us-soldier-who-entered-pyongyang-illegally-seeks-refugee-status-over-alleged-inhuma">inhuman maltreatment</a>.&#8221; The Department of Defense said in September 2023 that King had returned to the United States. His return was facilitated by the Swedish government and he traveled through China.
Image via Pexels
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

US Army Halts Pay for Soldier Imprisoned in Russia — Senior Defense Official: Consequences For 'Unacceptable Behavior' Will Mirror Those Faced By Private That Entered Kim Jong Un's North Korea

Fred Trump III, the nephew of former President Donald Trump, has leveled some serious accusations against his uncle, including the use of racial slurs and a shocking comment about people with complex disabilities. He also expressed his intention to vote for Kamala Harris in the upcoming election.
What Happened: Fred Trump III, while promoting his new book &#8220;All in the Family: The Trumps and How We Got This Way&#8221;, described his uncle&#8217;s behavior as &#8220;complex and sometimes cruel&#8221;. He also questioned his uncle&#8217;s transformation in the ABC <a href="https://abcnews.go.com/US/fred-trump-iii-calls-uncle-donald-trump-atomic/story?id=112389846">interview</a>, asking, &#8220;Is this the same guy I knew?&#8221;
The book, which Fred Trump III insists is not a political hit job, includes a chapter titled &#8220;The Race Card&#8221;, where he details an incident of his uncle using a racial slur. The former president has consistently denied such allegations.
Trump Campaign Communications Director Steven Cheung dismissed the claims as &#8220;completely fabricated and total fake news,&#8221; reported ABC News.
Fred Trump III also recounted his visit to the White House to advocate for people with complex disabilities. During his meeting with his uncle, the then-president, he said, &#8220;These people, all the expenses. They should just die,&#8221; according to the interview.
See Also: <a href="https://www.benzinga.com/news/24/07/40001721/thiel-reportedly-reassessing-trump-in-wake-of-vance-pick-in-spite-of-many-misgivings-he-had-earlier?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Thiel Reportedly Reassessing Trump In Wake Of Vance Pick &#8216;In Spite Of Many Misgivings&#8217; He Had Earlier This Year</a>
Despite the shocking revelations, Fred Trump III plans to vote for Harris, but would attend the inauguration if his uncle wins and if he's invited.
Why It Matters: This is not the first time a member of the Trump family has publicly criticized the former president. In June 2024, <a href="https://www.benzinga.com/news/24/06/39345839/trumps-niece-says-ex-president-wants-to-be-free-and-clear-to-go-after-his-political-enemies-our-best">Mary Trump</a>, Donald Trump&#8217;s niece, contrasted her uncle with President Joe Biden, referring to him as the &#8220;crazy uncle who wants to burn it all down&#8221;.
Earlier in November 2023, Mary Trump also <a href="https://www.benzinga.com/general/23/11/35565413/donald-trumps-niece-says-cheating-is-a-way-of-life-for-him-she-says-he-paid-someone-to-take-his-sat">accused her uncle</a> of cheating to get into business school, further highlighting the discord within the Trump family.
The upcoming 2024 presidential election is expected to be a <a href="https://www.benzinga.com/general/politics/24/07/40055183/trump-vs-harris-vice-president-leads-2024-election-by-1-point-hits-records-for-net-buzz-net-favo">close race</a> between Kamala Harris and Donald Trump, after Biden dropped out of the contest.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump's Nephew Fred Calls Him 'Atomic Crazy' — Reveals Shocking Allegations In Tell-All Interview, Plans To Vote For Kamala Harris

Berkshire Hathaway's legendary late vice chairman, Charlie Munger, once said, "In my whole life, I have known no wise people who didn't read all the time — none, zero."
Munger was a celebrated figure among investors and equally famed as his Berkshire partner Warren Buffett. Known for his investment acumen and pivotal role in amassing one of the largest fortunes in U.S. history, <a href="https://www.benzinga.com/general/23/11/36003846/charlie-munger-revealed-what-was-left-on-his-bucket-list-before-he-died-i-would-have-paid-any-amount">passed away at the age</a> of 99. 
However, the doses of wisdom he offered people over the years continue to echo in the walls of boardrooms, classrooms, and libraries worldwide.
What set Munger apart from his counterparts was that he didn't confine himself to financial literature alone but explored various subjects. For instance, the legendary investor had an unexpected hero, Albert Einstein.
See Also: <a href="https://www.benzinga.com/personal-finance/24/07/39988155/charlie-munger-said-the-point-of-getting-rich-is-so-you-dont-have-to-get-along-with-other-people">Charlie Munger Said &#8216;The Point Of Getting Rich Is So You Don&#8217;t Have To Get Along With Other People&#8217; – He Wanted The Independence, Not The Ferraris</a>
In the early 1990s, while giving a speech at Harvard University, Munger also spoke about why it&#8217;s important to study how psychology and economics connect.
This is likely the reason that the <a href="https://www.benzinga.com/general/entertainment/22/07/28020595/what-are-the-billionaires-favorite-books-musk-bezos-more-1">books he has recommended</a> span genres from psychology and biology to history and economics. Here are some examples:&nbsp;
The Selfish Gene By Richard Dawkins
This book provides a deep dive into evolutionary biology, presenting complex ideas in an accessible manner. Munger values it for its scientific rigor and its implications for understanding human behavior.
Influence: The Psychology Of Persuasion By Robert Cialdini
The book is often praised for its insights into human psychology and the principles of influence. It delves into the mechanisms behind why people say &#8220;yes&#8221; and how to apply these understandings to everyday situations.
Guns, Germs, And Steel: The Fates of Human Societies By Jared Diamond
A groundbreaking work that explores the factors that have shaped human history and civilizations. Munger appreciates this book for its interdisciplinary approach, merging history, biology, geography, and anthropology to explain societal development.&nbsp;
Ice Age By John Gribbin And Mary Gribbin
The book delves into the scientific exploration of Earth&#8217;s past glacial periods and their impacts on the planet. It discusses the causes and consequences of ice ages and how they shaped the world we live in today.
Titan: The Life Of John D. Rockefeller, Sr. By Ron Chernow
This biography of John D. Rockefeller, Sr., chronicles his rise to become one of America&#8217;s wealthiest and most influential figures. This book examines his business practices, philanthropy, and lasting legacy.
Einstein: His Life And Universe By Walter Isaacson
This biography by Walter Isaacson offers an in-depth look at the life and contributions of Albert Einstein, from his groundbreaking theories to his personal struggles. It also explores how Einstein&#8217;s scientific achievements reshaped our understanding of the universe.
How The Scots Invented The Modern World By Arthur Herman
This piece of literature speaks about the remarkable contributions of Scots to various fields such as science, economics, and philosophy. It also argues that Scotland played a crucial role in shaping the modern world.
The Wealth And Poverty Of Nations By David S. Landes
This book recommended by Munger examines the historical and cultural factors that have led to the economic disparities between different countries. It also provides a comprehensive analysis of why certain nations thrive while others struggle.
Faraday, Maxwell, And The Electromagnetic Field By Nancy Forbes And Basil Mahon
The book chronicles the lives and work of Michael Faraday and James Clerk Maxwell, detailing their contributions to the field of electromagnetism. It also highlights how their discoveries fundamentally changed our understanding of physics and paved the way for modern technology.
The Warren Buffett Portfolio By Robert G. Hagstrom
The book explores the investment strategies that have made Warren Buffett one of the most successful investors in history. It highlights the importance of focused investing and understanding the businesses in which one invests.
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

Entertainment

Charlie Munger Once Said That In His Entire Life, He Has Never Known A Wise Person Who 'Didn't Read All The Time — None, Zero:' Here Are Some Books That The Berkshire Hathaway Vice Chair Recommended — And Not All Are About Finance Either

Vice President Kamala Harris raised the stakes in the presidential race against Donald Trump on Tuesday after the former president made remarks about debating his Democratic rival.
What Happened: On Friday, Harris took to her X account to express her thoughts amid a closely contested election race. The Vice President is <a href="http://boisterous">currently leading</a> the 2024 election by a slim margin against Trump, as per recent polls. The Vice President&#8217;s remarks were made at a boisterous campaign event in Atlanta, Georgia.
She said, &#8220;Donald, I do hope you&#8217;ll reconsider meeting me on the debate stage.&#8221; Then she quoted a popular saying, &#8220;If you've got something to say, say it to my face.&#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">Donald, I do hope you&#39;ll reconsider meeting me on the debate stage. Because, as the saying goes, if you've got something to say, say it to my face. <a href="https://t.co/fkL9ZYOY3X">pic.twitter.com/fkL9ZYOY3X</a>
&mdash; Kamala Harris (@KamalaHarris) <a href="https://twitter.com/KamalaHarris/status/1818436356009570530?ref_src=twsrc%5Etfw">July 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trump appeared to waver on his commitment to debate Harris, stating he &#8220;probably&#8221; would but could &#8220;make a case for not doing it,&#8221; prompting Harris&#8217; campaign to claim he was &#8220;scared,&#8221; <a href="https://apnews.com/article/trump-harris-debate-2024-presidential-election-cc1dc5d8d0bf85877764b23ccfb54107">reported</a> the Associated Press. Despite previously agreeing to debate President Joe Biden, Trump questioned the value of a debate with Harris and criticized ABC News as &#8220;fake news.&#8221; In a Fox News interview, Trump remarked, &#8220;Everybody knows who I am. And now people know who she is,&#8221; before ultimately saying, &#8220;The answer is yes, I&#8217;ll probably end up debating.&#8221;
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This tweet comes in the wake of President Joe Biden&#8217;s decision to step down from the race, a move that has intensified the competition between Harris and Trump.
Why It Matters: The 2024 presidential election has been a rollercoaster ride, with Harris gaining support that Biden lost since the first 2024 presidential debate. The race between the two candidates is neck and neck.
 Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) has proposed <a href="https://www.benzinga.com/general/politics/24/07/39967679/trump-vs-harris-fox-news-proposes-another-2024-presidential-debate-how-media-company-could-be-bi">another presidential debate</a>, which could potentially sway voters and impact the election outcome. 
Biden&#8217;s decision to pass the torch to a new generation has added an unexpected twist to the election narrative. His decision was influenced by internal polling suggesting a potential loss against Trump. <a href="https://www.benzinga.com/news/24/07/39947087/biden-says-history-is-in-your-hands-in-oval-office-speech-the-best-way-forward-is-to-pass-the-torch">Biden is the first incumbent president</a> not to seek re-election since 1968.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Kamala Harris Hopes Trump Will Meet Her On The Debate Stage: 'If You've Got Something To Say, Say It To My Face'

Guidance

Microsoft Sees Q1 Expenses Of $15.2B-$15.3B Including ~$200M Of Purchase Account Adjustments, As Well As Integration And Transaction-Related costs From The Activision Acquisition; Other Income And Expenses Of $(650M); Effective Tax Rate Of ~19%

Microsoft Sees Q1 Productivity And Business Process Revenue Of $20.3B-$20.6B; Intelligent Cloud Revenue Of $28.6B-$28.9B; More Personal Computing Revenue Of $14.9B-$15.3B; COGS Of $19.95B-$20.15B Including ~$700M Of Purchase Accounting Adjustments, As Well as Integration And Transaction-Related Costs From The Activision Acquisition

Vice President Kamala Harris and former President Donald Trump are less than four months away from a likely head-to-head matchup in the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Election polls show a close race between the two candidates, with Harris gaining support that President Joe Biden lost since the first 2024 presidential debate.
What Happened: Prior to Biden dropping out of the 2024 election race, Trump's lead had been growing in election polls and in <a href="https://www.benzinga.com/general/sports-betting/24/07/39868243/2024-election-betting-odds-joe-biden-has-8-chance-of-winning-according-to-sportsbooks-pred">betting odds from sportsbooks </a>and prediction markets.
Since Biden dropped out, Harris has gained back support and in some polls, even topped the former president.
A new Morning Consult poll shows how voters would vote in the expected head-to-head matchup of Trump and Harris.
The new poll shows the following results from voters, with the results from <a href="https://www.benzinga.com/general/politics/24/07/39920146/harris-vs-trump-vice-president-trails-former-president-by-2-points-gains-independent-voters-59-o">the July 23 poll</a> in parentheses.
<ul>
<li>Kamala Harris: 47% (45%)</li>
<li>Donald Trump: 46% (47%)</li>
<li>Someone else: 4% (5%)</li>
<li>Don't Know: 4% (4%)</li>
</ul>
The poll found that 90% of Democrats backed Harris as their top pick. The poll also found that 91% of Republicans backed Trump as their top pick.
Independent voters selected the following as their head-to-head preference:
<ul>
<li>Kamala Harris: 41%</li>
<li>Donald Trump: 40%</li>
<li>Someone Else: 10%</li>
<li>Don't Know: 9%</li>
</ul>
Did You Know?
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Why It's Important: After tailing Trump by two points in last week's poll, Harris has reversed course and in a three-point swing now leads the former president by one point.
The lead from Harris comes several weeks after Trump had grown to a six-point lead over Biden before the current president dropping out of the race.
The new Morning Consult poll showed Harris leading Trump, but also posting some of the most favorable results in the entire 2024 election cycle.
In the poll, Harris' 47% of backing tops the 45% high that Biden received during the 2024 election cycle.
Harris received a 50% favorable rating from voters in the poll, improving from 43% in the prior week. Harris has a 46% unfavorable rating in the poll. The four-point net favorability rating is higher than Biden and Trump have had in the entire 2024 election cycle.
Forty-seven percent of voters said they heard something positive about Harris in the last week with 35% saying they heard something negative about the vice president. The net buzz rating of 12 points was also higher than Biden and Trump have received in the 2024 election cycle.
While Harris leads Trump by one point in the election poll, the net buzz and net favorability scores and improvements from last week could prove to be increasingly important in the coming weeks for the potential to increase her lead.
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Trump Vs. Harris: Vice President Leads 2024 Election By 1 Point, Hits Records For Net Buzz, Net Favorability

Researchers at the School of Public Health at the University of Colorado&#8217;s Anschutz Medical Campus are looking into the effects of <a href="https://www.benzinga.com/markets/cannabis/24/05/38939544/world-first-medical-marijuana-driving-trial-approved-in-australia-victoria-government-invests-4-">cannabis on driving performance. </a>
This study, spanning two years, recruited more than 200 participants aged between 25 and 55 to understand the multifaceted impacts of cannabis consumption on driving abilities.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/02/36969871/is-weed-worse-than-alcohol-for-driving-new-study-challenges-common-dui-assumptions">Is Weed Worse Than Alcohol For Driving? New Study Challenges Common DUI Assumptions</a>
<h3 class="wp-block-heading">Inside the Study: Methodology And Insights</h3>
According to 9News, participants in this study, which lasts between three to five hours depending on cannabis consumption levels, undergo a series of tests designed to mimic real-world scenarios. 
Dr. Ashley Brooks-Russell, leading the research, explained the primary objectives. "With this study, we can understand how people change after cannabis use, how they drive differently, the reaction time, memory issues, blood, or how the eyes change. The eyes in particular are one thing that police look for on the road."
The study environment included a dedicated room where participants used high-concentration cannabis products such as dabs, vape pens or edibles.
Post-consumption, participants underwent blood tests, cognitive assessments on an iPad and driving simulations. The aim is not to assess driving skills but to observe the deterioration in driving performance under the influence of cannabis.
Brooks-Russell highlighted the ongoing issues law enforcement faces with cannabis impairment. "This is something we've been interested in for a while and we're still seeing a lot of cannabis-impaired crashes or people pulled over for cannabis impairment, so it's still a big problem,&#8221; she said.
&#8220;Law enforcement doesn't have a lot of tools to help detect who's impaired from cannabis maybe versus some other substances. It's not as straightforward as alcohol, so they really have a lot of challenges.&#8221; 
<h3 class="wp-block-heading">Observations And Findings</h3>
Early findings from the study indicate significant driving performance changes in occasional cannabis users. These changes include weaving in and out of traffic, slower reaction times, memory issues and noticeable eye changes.
Interestingly, daily users of cannabis, particularly those using it for medical reasons, show less impairment, suggesting a possible development of tolerance.
"We're also interested in how those who use cannabis every single day might be different than people who do it occasionally. We know a lot of people use it for medical reasons and they can develop some tolerance, and those individuals don't seem to change as much as those who use occasionally," said Brooks-Russell.
<h3 class="wp-block-heading">Future Directions And Broader Implications</h3>
The researchers are also looking to expand their study to include adults aged 65 and older. This demographic is seeing a significant rise in cannabis use, often accompanied by other medications and potential cognitive decline. 
A noteworthy aspect of this research is its potential application in developing a reliable <a href="https://www.benzinga.com/markets/cannabis/24/02/36912626/hold-yup-you-just-smoked-weed-new-testing-method-confirms-recent-cannabis-use-with-96-accuracy-f">tool for law enforcement, </a>akin to a breathalyzer for alcohol. This could be a game-changer in accurately identifying cannabis impairment on the roads.
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Cover image made with AI

Does Cannabis Affect Your Driving? University Of Colorado Researchers Find Out

Israel believes an air strike on<a href="https://www.benzinga.com/news/24/07/40026841/us-leads-diplomatic-drive-to-curb-israels-response-to-golan-heights-assault-prevent-attack-on-densel"> Beirut killed</a> a senior commander of the Lebanese armed group Hezbollah, according to Israel&#8217;s public broadcaster Kan.
Israel carried out the attack in response to a rocket attack on the Golan Heights that killed 12 youngsters three days ago, Reuters reported.
The attack caused a loud blast and a plume of smoke that rose above Beirut&#8217;s southern suburbs, which is a stronghold of the Iran-backed Hezbollah, at around 7:40 p.m. (1640 GMT), a Reuters witness said.
Two security sources in Lebanon named the target of Tuesday&#8217;s attack as Muhsin Shukr, also known as Fuad Shukr, head of Hezbollah&#8217;s operations center.
Lebanese Health Minister Firas Abiad told Reuters the strike also killed another person and injured 35.
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Hezbollah denied involvement in the Golan attack but said it fired rockets at a military target in the Golan Heights. The attack on Golan Heights prompted a high-level Western diplomatic effort to avoid the conflict from escalating and provoking the wider Middle East.
There were about 25 rockets launched from south Lebanon into northern Israel throughout the day, the Israeli military said. 
&#8220;We defer to Israel to speak to its own military operations,&#8221; the White House said in a statement reacting to the attack on Beirut. 
&#8220;We reiterate our clear position: Our commitment to Israel&#8217;s security is ironclad and unwavering against all Iran-backed threats, including Hezbollah, and we are working on a diplomatic solution that will allow citizens to safely return to their homes.&#8221;
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</ul>
Photo: Shutterstock

Global

Israel's Air Strike On Beirut Believed To Have Killed Hezbollah Commander

Warner Bros. Discovery Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) Warner Bros. Games lifted the veil on the eagerly anticipated Harry Potter: Quidditch Champions with the release of its &#8220;Welcome Students&#8221; pre-order <a href="https://www.benzinga.com/general/entertainment/24/04/38210300/video-check-out-the-epic-recreation-of-gta-6-trailer-in-real-life">trailer. </a>
Developed by Unbroken Studios, the game promises to immerse fans in the high-flying sport of Quidditch, a staple of the beloved Harry Potter series.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/05/38665181/magical-escapes-5-harry-potter-theme-parks-thatll-transport-you-to-hogwarts-and-beyond">Magical Escapes: 5 Harry Potter Theme Parks That&#8217;ll Transport You To Hogwarts And Beyond!</a>
<h1 class="wp-block-heading">Gameplay And Modes</h1>
The trailer offers a glimpse into the game&#8217;s dual modes: the single-player Career Mode and the Online Competitive Mode. Players will have the chance to soar through iconic arenas as one of four Quidditch positions: Beater, Chaser, Keeper or Seeker.
Fans will recognize familiar faces, including Harry Potter, Ron Weasley, and Draco Malfoy, as well as notable locations such as the Quidditch World Cup Stadium and various settings from the wizarding world.
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<iframe loading="lazy" title="Harry Potter: Quidditch Champions - Official Trailer - &quot;Welcome Students!&quot;" width="500" height="281" src="https://www.youtube.com/embed/2vUTDoKLp40?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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<h1 class="wp-block-heading">Release Strategy</h1>
Harry Potter: Quidditch Champions is set to launch digitally across multiple platforms on Sept. 3, 2024. It will be available on Xbox Series X and S, Xbox One, PlayStation 4, PlayStation 5 and PC via Steam and the Epic Games Store.
Meanwhile, the Physical Deluxe Edition will be released on Nov. 8, 2024, for the PS5, PS4, Xbox Series X and Xbox One. A Nintendo Switch version is expected to arrive this holiday season.
Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) secured an exclusive launch benefit for PlayStation users, with Harry Potter: Quidditch Champions available as a PlayStation Plus game from Sept. 3 to Sept. 30.
During this period, subscribers will also receive a Firebolt Supreme Broom Skin as a redeemable pack. PlayStation Plus members who download the game during this window will retain access as long as they maintain their subscription.
<h1 class="wp-block-heading">Pricing and Editions</h1>
The Digital Standard Edition of the game will be priced at $29.99, while the Digital and Physical Deluxe Editions will be available for $39.99. The Deluxe Edition includes the base game, House Packs for Slytherin, Hufflepuff, Ravenclaw, and Gryffindor, along with 2,000 in-game gold.
In a noteworthy move, Warner Bros. Games confirmed that Harry Potter: Quidditch Champions will not feature microtransactions. According to the company, &#8220;Gold is only earned through gameplay progression.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/01/36563128/hogwarts-legacy-touts-22m-copies-sold-in-2023-warner-bros-discovery-teases-future-projects">&#8216;Hogwarts Legacy&#8217; Touts 22M Copies Sold In 2023: Warner Bros. Discovery Teases Future Projects</a></li>
</ul>
Image courtesy: WBD via Steam.

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