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Dundee Corp is a public Canadian independent holding company. Through its operating subsidiaries, Dundee is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than thirty years of experience making accretive mining investments. The company's reporting segments consist of mining investments, mining services, corporate and others.

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Cryptocurrency-focused Fairshake is now the largest super political action committee in this year's presidential election, with a war chest now exceeding $202 million.
What Happened: Tom Dunleavy, a managing partner at cryptocurrency investment firm MV Global, revealed on X that the total funds raised by the pro-cryptocurrency super PAC has now surpassed both the biggest Republican and Democratic PACs, Make America Great Again Inc and Senate Majority PAC, respectively.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Crypto now has the number one Super PAC in the US with over $200m raised Fairshake (crypto) now surpasses both the biggest Republican and Democratic Super Pacs: Make America Great Again (Republican) and Senate Majority (Dem). Source: OpenSecrets dot org <a href="https://t.co/Poj8VWFYic">pic.twitter.com/Poj8VWFYic</a>
&mdash; Tom Dunleavy (@dunleavy89) <a href="https://twitter.com/dunleavy89/status/1817896423293100087?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
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Super PACs pool money from corporations, unions, and individuals but unlike traditional PACs, they are prohibited from donating money directly to political candidates.
Fairshake represents a coordinated effort to support and put political candidates in office who can further the interests of the cryptocurrency industry.
See Also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39359780/dogecoin-shiba-inu-floki-are-dino-coins-says-trader-he-likes-these-3-other-meme-coins-as-b?itm_source=parsely-api"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40027813/cynthia-lummis-push-for-bitcoin-strategic-reserve-ridiculed-by-economist-justin-wolfers-on">Cynthia Lummis&#8217; Push For Bitcoin Strategic Reserve Ridiculed By Economist Justin Wolfers: &#8216;One Of The Most Amazing Word Salads I&#8217;ve Ever Read&#8217;</a>
According to Open Secrets, the non-partisan super PAC has spent $14.42 million in this year's election cycle, with more than 90% of it spent against Democratic candidates.&nbsp;
Why It Matters: Fairshake's swelling arsenal highlights concerted efforts by big industry names to support pro-cryptocurrency candidates.&nbsp;
Cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and blockchain-based firm Ripple Labs have spearheaded the financial contribution, with both pouring $45 million into Fairshake.
The significance of these super PACs comes as cryptocurrency rises as a big political issue in the upcoming elections.&nbsp;
Republican candidate Donald Trump <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">has pivoted to a pro-cryptocurrency stance</a>, vowing to make the U.S. the "crypto capital" of the world.&nbsp;
On the other hand, experts believe presidential hopeful Kamala Harris <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40028210/kamala-harris-participation-in-upcoming-major-crypto-conference-sought-by-democratic-donor">has a good opportunity to reset the Democratic Party&#8217;s attitude on the issue</a>, particularly after President Joe Biden&#8217;s exit.
Price Action: At the time of writing, Bitcoin, the market bellwether, was trading at $66,437.12, plunging 4.52% 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..">data from Benzinga Pro</a>. 
Photo by Avi Rozen on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40027409/shiba-inu-burn-rates-shoots-up-4527-as-community-cheers-shibariums-6m-block-feat">Shiba Inu Burn Rates Shoots Up 4527% As Community Cheers Shibarium&#8217;s 6M Block Feat</a></li>
</ul>

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

Cryptocurrency

Politics

COIN

Crypto-Focused Fairshake Becomes Biggest Super PAC With Over $200M In Donations, Spends 90% Of The Funds Against Democrats

BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of $0.92 by 8.7 percent. This is a 12.36 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $47.299 billion which missed the analyst consensus estimate of $52.925 billion by 10.63 percent. This is a 2.56 percent decrease over sales of $48.540 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

BP Q2 2024 Adj. EPS $1.00 Beats $0.92 Estimate, Sales $47.299B Miss $52.925B Estimate

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Monday denied any future possibility of the company making a <a href="https://www.benzinga.com/news/21/06/21524034/tesla-begins-deliveries-of-model-s-plaid-everything-you-need-to-know">Plaid+ version </a>of the Model S sedan. 
What Happened: The void of a Plaid+ version of the Model S will be filled by the Roadster, Musk said in a reply on social media platform X. 
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&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1817965368700174639?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
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Tesla&#8217;s Model S sedan was previously <a href="https://www.benzinga.com/news/21/03/20135928/tesla-delays-model-s-plaid-plus-deliveries-to-middle-of-next-year">slated to have a Plaid+ version</a>, a premium variant of Model S Plaid priced at around $150,000 with a range of over 500 miles and more horsepower. 
However, Tesla canceled the version in June 2021. The Plaid is just too good to warrant a Plaid+ version, the CEO then explained.
Tesla currently offers only two versions of the Model S &#8211; the Model S all-wheel drive and the more premium Plaid version. While the all-wheel drive starts at $74,990, the Plaid starts at $89,990.
Void Fill Roadster: As for the upcoming Roadster, Tesla intends to start production in 2025. While most of the engineering is complete, there are some more updates the company intends to make on the vehicle, <a href="https://www.benzinga.com/news/24/07/39924101/new-tesla-roadster-will-be-something-special-says-ceo-elon-musk-production-to-commence-in-2025">Musk said </a>during the company&#8217;s second-quarter earnings call last week.
In February, Musk said that the upcoming Tesla Roadster can accelerate from <a href="https://www.benzinga.com/news/24/05/38817313/tesla-ceo-elon-musk-says-making-new-roadster-only-as-fast-as-model-s-plaid-would-be-ridiculous">0 to 60 mph in less than 1 second</a>, lower than the company&#8217;s initial estimate of 1.9 seconds. The vehicle relies on a collaboration between Musk&#8217;s two companies- Tesla and rocket manufacturer SpaceX- to provide the incredible performance, he added.
The new generation Roadster prototype was showcased at the end of the event dedicated to unveiling the Tesla Semi on November 16, 2017. Tesla then said the vehicle would be available starting in 2020 and priced around $200,000.
However, the production timeline for the vehicle has been pushed several times since.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40009883/senior-tesla-executive-reveals-cybertruck-range-extender-will-not-be-removable-to-avoid-safety-risks">Senior Tesla Executive Reveals Cybertruck Range Extender Will Not Be Removable To Avoid Safety Risks</a></li>
</ul>
Photo via Shutterstock

Tech

TSLA

Tesla CEO Elon Musk Turns Down Possibility Of Model S Plaid Plus Variant, Upcoming Roadster Set To Fill That Gap Instead

AudioCodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUDC#NASDAQ">AUDC</a>) reported quarterly earnings of $0.18 per share which missed the analyst consensus estimate of $0.19 by 5.26 percent. This is a 12.5 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $60.303 million which beat the analyst consensus estimate of $60.242 million by 0.10 percent. This is a 0.47 percent increase over sales of $60.020 million the same period last year.

AUDC

AudioCodes Q2 2024 Adj. EPS $0.18 Misses $0.19 Estimate, Sales $60.303M Beat $60.242M Estimate

Macro Economic Events

Econ #s

Economics

France Gross Domestic Product (YoY) Preliminary For Q2 1.1% Vs. 1.1% Prior

France Gross Domestic Product (QoQ) Preliminary For Q2 0.3% Vs. 0.2% Est.; 0.3% (Revised) Prior

France Consumer Spending (MoM) For June -0.5% Vs. -0.2% Est.; 0.8% (Revised) Prior

The U.S.&nbsp;Senate is expected to pass&nbsp;a bill on Tuesday that seeks to protect children from harmful online content. This marks&nbsp;the first major effort by&nbsp;Congress in recent years to <a href="https://www.benzinga.com/news/23/11/35887485/senate-demands-answers-from-mark-zuckerberg-linda-yaccarino-and-other-tech-ceos-on-online-child-safe">hold tech companies accountable</a> for the impact of their platforms.
What Happened: The bill, which has wide bipartisan support, requires tech&nbsp;companies to take reasonable steps&nbsp;to prevent harm on online&nbsp;platforms frequently used by minors, <a href="https://apnews.com/article/senate-child-online-safety-vote-f27c329679feb2d74787fc3887aa710f">reported</a> AP News.
The legislation was put forward by Sen.&nbsp;Richard Blumenthal&nbsp;(D-Conn) and Sen.&nbsp;Marsha Blackburn (R-TN). Its objective is to enable children, teens, and parents to regain control of their online lives, &#8220;and to say to big tech, we no longer trust you to make decisions for us."
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39997056/top-analyst-says-openais-ai-powered-search-engine-likely-isnt-a-threat-to-google-its-hard-to-see-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Top Analyst Says OpenAI&#8217;s AI-Powered Search Engine Likely Isn&#8217;t A Threat To Google: &#8216;It&#8217;s Hard To See Why SearchGPT Is 10X Better…&#8217;</a>
While the House has yet to act on the bill, Speaker&nbsp;Mike Johnson (R-La.), has shown a willingness to review it. Supporters are hopeful that a strong Senate vote will prompt the House to take action.
If passed, the law would mandate companies&nbsp;to mitigate harm to children,&nbsp;including bullying, violence,&nbsp;promotion of suicide, eating disorders,&nbsp;substance abuse, sexual exploitation,&nbsp;and advertisements for illegal products.
Moreover, <a href="https://www.benzinga.com/news/24/02/36881443/senator-sheldon-whitehouse-grills-tech-ceos-over-child-safety-collectively-your-platforms-really-s-k">social media platforms</a> like Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook and Instagram, Snap Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) Snapchat, Elon Musk&#8217;s X, formerly Twitter and ByteDance-owned TikTok, would be required&nbsp;to provide minors with some options. 
This includes the option&nbsp;to protect their information, disable addictive product features,&nbsp;and opt out of personalized&nbsp;algorithmic recommendations. They would also&nbsp;need&nbsp;to limit other users from&nbsp;communicating with children and restrict features that prolong the use of the platform.
Several tech companies, including&nbsp;Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), X, and&nbsp;Snap, have voiced their support for the bill. However, Mark Zuckerberg-led&nbsp;Meta has yet to take a position, the report noted.
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: This legislation comes in the wake of growing concerns about the impact of social media on children. In February this year, a Senate Judiciary Committee&nbsp;<a href="https://www.benzinga.com/markets/equities/24/01/36875784/its-terrible-metas-zuckerberg-apologizes-to-families-of-online-child-abuse-victims-at-senate-hea" target="_blank" rel="noreferrer noopener">hearing on children's safety online</a>, saw lawmakers expressing frustration against big tech companies.
In March, Florida implemented&nbsp;<a href="https://www.benzinga.com/markets/equities/24/03/37922168/new-florida-law-to-ban-social-media-for-kids-under-14-require-id-checks-on-all-ages-whats-at-sta">new measures</a>&nbsp;to keep children and teenagers away from social media. During the same month, billionaire tech investor&nbsp;Chamath Palihapitiya&nbsp;also expressed <a href="https://www.benzinga.com/news/24/03/37926650/ron-desantis-led-ban-on-social-media-for-kids-has-the-support-of-this-billionaire-investor-obvious-a">support for government regulation</a> of social media use among teenagers.
In May earlier this year, Musk&nbsp;who acquired Twitter for $44 billion in October 2022, <a href="https://www.benzinga.com/news/24/05/38997483/elon-musk-who-acquired-twitter-for-44b-says-social-media-is-bad-for-kids-theyre-being-programmed-by">warned about the potential dangers</a> of social media for children.
"I would urge parents to limit the amount of social media that children can see because they're being programmed by a dopamine-maximizing AI," the tech mogul said at the time.
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:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40000381/elon-musks-ai-ambitions-mark-zuckerbergs-apple-critique-and-taiwans-100b-economic-reform-this-week-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s AI Ambitions, Mark Zuckerberg&#8217;s Apple Critique, And Taiwan&#8217;s $100B Economic Reform: This Week In AI</a></li>
</ul>
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.
Photo courtesy: Shutterstock

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Senate Set To Approve New Child Online Safety Bill On Tuesday: What It Means For Elon Musk's X, Meta, Snap And TikTok

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