Latest news for Eden Empire (OTC:EDNEF) Stock

Eden Empire Inc is engaged in the business of operating and investing in the retail cannabis sector.

Eden Empire Inc

These eight mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares soared 32.91%. The company announced that Lucid Financial Services has added leasing to its range of <a href="https://www.benzinga.com//node/40466130" target="_blank" rel="noreferrer noopener">financing options in Canada</a>. Fed Chair Powell&#8217;s comments about the economy and interest rate cuts also improved the sentiment.</li>
<li>GDS Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) stock rose 32.04% after it reported second-<a href="https://www.benzinga.com//node/40487035" target="_blank" rel="noreferrer noopener">quarter financial results</a>.</li>
<li>PROCEPT BioRobotics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCT#NASDAQ">PRCT</a>) shares escalated 22.67% after the company announced FDA 510(k) clearance of <a href="https://www.benzinga.com//node/40481411" target="_blank" rel="noreferrer noopener">its HYDROS Robotic system</a>.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) shares were up 20.02%.</li>
<li>Evolent Health, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) stock upped 19.98% following a report suggesting <a href="https://www.benzinga.com//node/40529349" target="_blank" rel="noreferrer noopener">the company is exploring a sale</a>.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) shares jumped 19.50% following a report suggesting that Brookfield Asset Management Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) is seeking debt financing to acquire the company.</li>
<li>Nuvalent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVL#NASDAQ">NUVL</a>) stock increased 19.33%.</li>
<li>Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) stock escalated 16.60% after it reported better-than-expected second-quarter <a href="https://www.benzinga.com//node/40466836" target="_blank" rel="noreferrer noopener">results and raised its FY24 EPS outlook</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/08/40543876/zoom-video-microstrategy-and-target-were-among-top-11-large-cap-gainers-last-week-aug-18-aug-24-ar" target="_blank" rel="noreferrer noopener">Zoom Video, MicroStrategy And Target Were Among Top 11 Large Cap Gainers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/08/40543907/snowflake-jd-com-and-temu-parent-pdd-are-among-top-8-large-cap-losers-last-week-aug-18-aug-24-are-" target="_blank" rel="noreferrer noopener">Snowflake, JD.com And Temu Parent PDD Are Among Top 8 Large Cap Losers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Mid Cap

News

Movers

CRDO

GRFS

LCID

NUVL

PRCT

Lucid, Grifols And Amer Sports Are Among Top 8 Mid Cap Stock Gainers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?

Kamala Harris has outperformed both President Joe Biden and Donald Trump in a YouGov poll that <a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy">evaluated personal traits</a>.
What Happened: The <a href="https://today.yougov.com/politics/articles/50386-kamala-harris-would-out-cook-out-dance-and-out-dress-trump-americans-say">poll</a> revealed that 50% of the respondents believe Harris would triumph over Trump in a cooking competition, with Trump only garnering 10% support. Similarly, half of the participants think Harris could out-dance Trump, with only 14% backing the former president.
Moreover, Harris was considered a more reliable babysitter, was praised for her fashion sense, and was believed to be more likely to assist a stranger or remember birthdays. She also outshone in the area of parenting advice.
Also Read: <a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref">Trump Vs Harris: Kamala Harris Takes 8-Point Lead In New Poll, With Race And Gender Shaping Voter Preferences</a>
However, Trump managed to outperform Harris in four out of the 20 questions. Participants felt he was more likely to win an arm-wrestling match or a game of poker, and gave him higher marks for financial advice and celebrity voice imitation.
Read Also
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent082424" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
The YouGov survey was conducted from August 16-19 among 1,143 adults, with a margin of error of 4 percentage points.
Why It Matters: This survey provides a unique perspective on the public&#8217;s perception of these political figures beyond their political roles. The results could potentially influence public opinion and voter behavior in future elections. 
The areas where Harris excelled, such as reliability and empathy, are traits often associated with effective leadership. Conversely, the areas where Trump outperformed may reflect his image as a business tycoon and entertainer.
It&#8217;s worth noting that these results are based on personal traits and do not necessarily reflect the respondents&#8217; political views or their satisfaction with the politicians&#8217; performance in office. 
Nonetheless, these findings offer an interesting insight into the public&#8217;s perception of these prominent political figures.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Politics

So You Think She Can Dance: Kamala Harris Tops Donald Trump In Poll On Personal Attributes

Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPL#NASDAQ">APPL</a>), which is seeking its next big thing after <a href="https://in.benzinga.com/content/39981714/apple-to-assemble-iphone-16-pro-models-in-india-report">its flagship product, the iPhone,</a> is eyeing the rollout of a series of products based on robotics, Bloomberg columnist Mark Gurman wrote on Sunday.
What Happened: Apple&#8217;s self-driving car project fiasco may not be a total failure, as the technology behind the concept of the &#8220;giant rolling robot&#8221; that was the car could be applied to the other areas, <a href="https://www.bloomberg.com/news/newsletters/2024-08-25/apple-plans-tabletop-robot-while-exploring-mobile-bots-and-humanoid-machines-m09kawex?srnd=undefined">said</a> Gurman in his latest Power On weekly newsletter. After burning cash at the rate of $1 billion per year for about a decade, Cupertino shelved its Apple Car project as its focus shifted toward generative artificial intelligence.
The company began to mull over other products that can move around through robotics, said Gurman, adding that it is still in the early stages of figuring out how best to use robotics.
In the near term, Apple is planning to launch a tabletop device, codenamed J595, which will likely have a &#8220;large, iPad-like display with cameras and a base that features a robotic actuator,&#8221; Gurman wrote. He expects the product to launch in 2026 or 2027.
This will likely be followed by mobile robots and possibly even humanoid models in the next decade. Incidentally, Elon Musk-led Tesla is developing a humanoid robot called Optimus.
Gurman said Kevin Lynch, who previously headed the car team as well as watch software engineering, leads the robot project and works along with Apple&#8217;s AI chief. The company has hired top robotics experts from places like Technion in Israel, he said.
One key work in robotics is the creation of a personality, and Apple is working on another humanlike interface based on generative AI, Gurman said.
See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-apple-stock">Everything You Need To Know About Apple Stock</a>
Potential Use Cases: With robotics. Apple has set out to solve a series of first-world problems, Gurman said. Some of the use cases the Apple specialist mentioned include:
<ul>
<li>Reaching out to one&#8217;s devices left in another room</li>
<li>Taking photos of things or launching a videoconferencing session when a user is not holding a device or sitting directly in front of it</li>
<li>Operating or checking something at home while being out of the house.</li>
</ul>
Gurman also raised the possibility of attaching a robotic limb to the iPad, which could make the device more useful for videoconferencing or browsing the web for recipes. Apple also has lined up plans to bring out machines that can do household chores such as loading up a laundry machine or scrubbing down dirty plates but those could be a longtime coming since these ideas haven&#8217;t gone beyond sketches on whiteboard, he said.
The columnist expects the project to get a boost from advances in the artificial intelligence technology. Apple&#8217;s expertise in sensors, advanced silicon, hardware engineering and batteries, as well as its ability to map the spaces around devices could also come in handy, he said.
Why It&#8217;s Important: For Apple, it could be a perfect timing to work on robotics, as hundreds of engineers with experience in in self-driving technology and robotic system freed up by <a href="https://www.benzinga.com/markets/equities/24/02/37346162/apple-abandons-electric-car-project-to-focus-on-generative-ai">the shelved car project </a>could be employed to pursue the idea vigorously, Gurman said.
 With a successful robotics device, Apple can be successful in the smart home market, in which it trials behind Amazon and Alphabet&#8217;s Google, he said. &#8220;The tabletop device might be the thing that finally helps Apple home devices stand out,&#8221; he added.
The Pushbacks: Robots are currently costly and most consumers may not be yet willing to embrace the concept, said Gurman. He also sees the need to solve technical problems such as having hardware that can successfully roam through cluttered spaces and navigate buildings with multiple floors.
Apple might also need more talent, including many more engineers, for the plan to fructify.
But Apple insiders feel there is a lot of promise in this pursuit. &#8220;If the company truly wants to find another way into consumers' lives, robotics might make the most sense,&#8221; Gurman said.
Apple ended Friday&#8217;s session up 1.03% at $226.84, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data.</a>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech">following this link.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40543144/cupertino-shakes-up-app-store-leadership-iphone-16-launch-date-and-india-expansion-this-week-in-appl">Cupertino Shakes Up App Store Leadership, iPhone 16 Launch Date, And India Expansion: This Week In Appleverse</a></li>
</ul>

Equities

Tech

Media

AAPL

APPL

An Apple/Tesla Robot War? Gurman Says Cupertino Is Making A Big Push Into Robotics

Donald Trump has angered anti-abortion circles by adopting a more <a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref">moderate stance on abortion rights</a>.
What Happened: Trump, in a post on Truth Social on Friday, claimed he would be &#8220;great for women and their reproductive rights.&#8221; This move is seen as an attempt to reset his campaign narrative against Kamala Harris and appeal to a broader demographic.
According to the report <a href="https://www.politico.com/news/2024/08/24/trump-abortion-reactions-00176276">by</a> Politico, the term &#8220;reproductive rights&#8221; is often associated with Democrats and encompasses a range of medical practices related to child-bearing, including abortion. Trump&#8217;s use of the term has drawn criticism from anti-abortion advocates.
Lila Rose, founder of the anti-abortion group Live Action, accused Trump of trying to &#8220;ingratiate himself with those that are pro-abortion.&#8221; She continued, &#8220;Not only is it not principled, it's not going to help the Trump campaign to be trying to sound like a Democrat right now.&#8221;
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy" target="_blank" rel="noreferrer noopener">Kamala Harris And Donald Trump Clash Over Federal Reserve&#8217;s Autonomy</a>
Kristan Hawkins, president of Students for Life Action, said that Trump&#8217;s post had &#8220;understandably upset many within the pro-life movement&#8221;.
Despite the backlash, Trump&#8217;s campaign maintains that the post is in line with his previous positions on abortion and other reproductive issues. 
Karoline Leavitt, the campaign's national press secretary, reiterated Trump&#8217;s support for state rights to determine their laws on abortion and his commitment to ensuring women have access to necessary health care.
Read Also
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent082424" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
"As President Trump has consistently stated, he supports the rights of individuals in their respective states to determine their laws on abortion. President Trump also strongly supports ensuring women have access to the care they need to create healthy families, including widespread access to IVF, birth control, and contraception, and he always will," Leavitt told the outlet.
Why It Matters: Trump&#8217;s new stance on abortion rights marks a significant shift from his previous position. His use of the term &#8220;reproductive rights&#8221; is seen as a strategic move to appeal to a broader demographic, particularly women. 
However, this has sparked controversy within anti-abortion circles, with many accusing him of pandering to pro-abortion advocates. 
This could potentially impact his support base and influence his campaign against Harris.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Wikimedia Commons

Trump's Reproductive Rights Pledge Sparks Outrage Among Advocates, Kamala Harris Poised To Capitalize

The newly appointed CEO of Starbucks Corporation, Brian Niccol, has sparked environmental concerns with his decision to commute between his California home and the Seattle office via a private jet, as per a recent company announcement.
What Happened: Starbucks has made arrangements for Niccol to work remotely from his Newport Beach home and commute weekly to the Seattle headquarters using a corporate jet.
Niccol, despite not being required to permanently relocate to Seattle, is expected to frequently visit stores and engage with employees, considering Starbucks&#8217; global reach, <a href="https://edition.cnn.com/2024/08/23/business/starbucks-ceo-brian-niccol-private-jet/index.html">reports</a> CNN. 
This commuting arrangement, however, has raised eyebrows due to the environmental impact of private jet travel. 
According to the Institute for Policy Studies, private jets, despite burning less fuel than commercial jets, consume approximately ten times more fuel per passenger mile due to their limited capacity.
"Brian Niccol has proven himself to be one of the most effective leaders in our industry, generating significant financial returns over many years," a Starbucks spokesperson told the outlet.
Also Read: <a href="https://www.benzinga.com/insights/options/24/08/40529325/starbucks-options-trading-a-deep-dive-into-market-sentiment">Starbucks Options Trading: A Deep Dive into Market Sentiment</a>
"We're confident in his experience and ability to serve as the leader of our global business and brand, delivering long-term, enduring value for our partners, customers and shareholders," the spokesperson added.
Environmental advocacy group Greenpeace has condemned this arrangement, labeling it as &#8220;unacceptable&#8221; and has initiated a petition to ban private jets.
Niccol, formerly the head of Chipotle, has been assigned the responsibility of enhancing Starbucks&#8217; performance. 
His remuneration package includes a $1.6 million base salary, a $10 million signing bonus, and potential additional earnings based on the company&#8217;s annual performance.
According to the report, Niccol is eligible to use Starbucks' company plane for business related and personal travel "up to a maximum of $250,000 per year which amount will be based on the aggregate incremental cost to the Company."
Why It Matters: The decision of Starbucks&#8217; new CEO to commute via a private jet has raised environmental concerns at a time when many corporations are striving to reduce their carbon footprint. 
This move could potentially harm Starbucks&#8217; reputation, especially among environmentally conscious consumers. 
The criticism from Greenpeace further amplifies these concerns. It remains to be seen how Starbucks will address this issue and balance its operational needs with its environmental responsibilities.
Read Next
<a href="https://www.benzinga.com/markets/cannabis/24/07/39586079/starbucks-sues-ny-weed-retailer-for-trademark-infringement-over-starbuds-logo">Starbucks Sues NY Weed Retailer For Trademark Infringement Over &#8216;Starbuds&#8217; Logo</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Management

SBUX

Starbucks Gives New CEO Brian Niccol Company Jet To Fly To Seattle HQ, Sparks Environmental Backlash

In a remarkable show of financial support, Kamala Harris&#8216; campaign and its affiliates <a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy">have collectively raised a whopping $540 million</a> in just the one month since President Joe Biden quit the presidential race.
What Happened: The recent Democratic convention held in Chicago played a significant role in boosting this figure, with that event alone generating $82 million in donations.
The details of this fundraising feat were shared in a memo by campaign chair Jen O&#8217;Malley Dillon, emphasizing the robust financial backing for Harris in her electoral battle against Donald Trump.
Following Harris&#8217; convention-closing speech, the campaign witnessed an unprecedented hourly record for contributions. The $540 million total includes funds raised by the Harris campaign, the DNC, and joint fundraising committees.
Also Read: <a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref">Trump Vs Harris: Kamala Harris Takes 8-Point Lead In New Poll, With Race And Gender Shaping Voter Preferences</a>
Women have emerged as a potent force behind this fundraising triumph. According to the memo, two-thirds of the contributors during the convention were women, and a third of these were first-time donors.
Read Also
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent082424" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Alongside the financial surge, the campaign has also experienced a significant increase in volunteer sign-ups, with 200,000 shifts registered. Harris and her running mate, Tim Walz, are scheduled to tour Georgia on Wednesday and Thursday.
Why It Matters: The campaign&#8217;s fundraising success is a testament to Harris&#8217; growing popularity and the widespread support for her candidacy. The record-breaking figures not only demonstrate the strength of her campaign but also underline the crucial role of women and first-time donors in shaping the political landscape.
The surge in volunteer sign-ups further indicates a high level of engagement and enthusiasm among Harris&#8217; supporters, which could potentially translate into a strong voter turnout in her favor.
The upcoming tour of Georgia by Harris and Walz is also significant, as it suggests a strategic focus on key battleground states, which could be decisive in the election outcome.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Wikimedia Commons

Kamala Harris' Campaign Achieves Historic $540M Milestone Raised Since Biden Exit

Elon Musk has criticized Instagram&#8217;s handling of child exploitation and data privacy <a href="https://www.benzinga.com/news/23/03/31129297/zuckerbergs-life-changing-advice-to-young-people">issues in a post on X</a>.
What Happened: On Sunday, Musk took to X to express his concerns over Instagram&#8217;s alleged child exploitation problem and data privacy issues. 
He accused Mark Zuckerberg, the CEO of Instagram&#8217;s parent company Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FB#NASDAQ">FB</a>), of succumbing to censorship pressure and providing governments with backdoor access to user data. Musk&#8217;s post was in response to a post by Naomi Seibt.
Musk&#8217;s comments came following the arrest of Telegram founder Pavel Durov, the Russian-born entrepreneur behind the encrypted messaging service Telegram, in France. 
Durov faces multiple charges linked to his platform and could be sentenced to up to 20 years in prison if found guilty. In a post on X, Musk said that "It's 2030 in Europe and you're being executed for liking a meme".
<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">POV: It's 2030 in Europe and you're being executed for liking a meme <a href="https://t.co/OkZ6YS3u2P">https://t.co/OkZ6YS3u2P</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1827484648454418881?ref_src=twsrc%5Etfw">August 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38134183/tech-titans-clash-mark-zuckerberg-rises-as-elon-musk-falters-in-billionaire-rankings" target="_blank" rel="noreferrer noopener">Tech Titans Clash: Mark Zuckerberg Rises As Elon Musk Falters In Billionaire Rankings</a>
<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">Because he already caved into censorship pressure. Instagram has a massive child exploitation problem, but no arrest for Zuck, as he censors free speech and gives governments backdoor access to user data. <a href="https://t.co/RTTGIaD0gA">https://t.co/RTTGIaD0gA</a> <a href="https://t.co/iPb5NIxIJN">https://t.co/iPb5NIxIJN</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1827647414020211016?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He wrote, &#8220;Because he already caved into censorship pressure. Instagram has a massive child exploitation problem, but no arrest for Zuck, as he censors free speech and gives governments backdoor access to user data.&#8221;
Why It Matters: Musk&#8217;s comments come amid growing concerns about data privacy and child safety on social media platforms. Instagram has been under scrutiny for its handling of these issues.
Musk&#8217;s criticism highlights the increasing pressure on tech companies to address these concerns and the potential repercussions if they fail to do so.
Read Next
<a href="https://www.benzinga.com/news/24/08/40301119/musk-vs-zuckerberg-whos-winning-the-social-media-war">Musk Vs Zuckerberg: Who&#8217;s Winning The Social Media War?</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Musk Takes Shot At Zuckerberg, Slams Instagram Over Child Exploitation And Data Privacy

Author and investor Robert Kiyosaki has criticized Vice President Kamala Harris while announcing <a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref">a meeting with Robert F. Kennedy Jr.</a>
What Happened: In a post on X on Saturday, Kiyosaki referred to Kamala Harris as &#8220;avocado toast&#8221;, suggesting her political days are nearing an end. He also announced that he will be meeting Kennedy soon.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy" target="_blank" rel="noreferrer noopener">Kamala Harris And Donald Trump Clash Over Federal Reserve&#8217;s Autonomy</a>
<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">KAMALA is avocado toast. Robert Kennedy jr has joined Trump and Kamala's lying, immoral, unethical days as a politician are coming to an end. I will be meeting with RFK jr in about a week at Ken McElroys "Infinite" Event in Dallas August 29 and 31. The lying, cheating, war…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1827185420008120763?ref_src=twsrc%5Etfw">August 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Also
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent082424" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Kiyosaki further accused the Joe Biden administration of being a &#8220;crime family&#8221; and urged his followers to join him in Dallas, away from the &#8220;criminals who have been ripping off the people of the world for far too long.&#8221;
Why It Matters: Kiyosaki&#8217;s comments come amidst a politically charged environment, with his tweet indicating a shift in alliances and potential political strategies. His meeting with Kennedy, a known environmental lawyer and activist, could hint at future collaborations or initiatives.
However, without any additional context or information, the implications of Kiyosaki&#8217;s tweet remain speculative. 
His criticism of the Biden administration and Harris, though, adds to the ongoing political discourse and could potentially influence public opinion.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Robert Kiyosaki: 'Kamala Harris Is Avocado Toast, Her Lying, Immoral, Unethical Days Coming To An End'

Vice President Kamala Harris&#8216; presidential campaign has embraced a populist economic message, blaming corporate greed for high grocery prices. However, her proposal to ban price gouging is drawing criticism from economists, including a <a href="https://www.benzinga.com/news/24/08/40343571/kamala-harris-promise-to-take-on-corporate-landlords-and-cap-unfair-rent-increases-is-a-hit-with-vot">key figure from the Obama administration</a>.
Don't Miss:
<ul>
<li>The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires"> Here are three ways to join the club.</a></li>
<li><a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a></li>
</ul>
Jason Furman, who served as Chairman of the Council of Economic Advisers under President Obama, dismissed Harris&#8217;s plan in plain terms. &#8220;This is not sensible policy,&#8221; Furman told The New York Times. &#8220;The biggest hope is that it ends up being a lot of rhetoric and no reality.&#8221;
Harris's campaign announced last week that she would call for a <a href="https://www.benzinga.com/news/24/08/40467624/harris-price-gouging-plan-faces-pushback-from-grocers-hurting-from-the-same-inflationary-pressure-as">federal ban on corporate price gouging for groceries</a> in an upcoming economic policy speech. The move appears designed to appeal to swing voters frustrated by persistent inflation, particularly in everyday essentials like food.
Trending: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.
However, economists across the political spectrum argue that corporate behavior played a minor role in recent price increases compared to factors like supply chain disruptions, shifts in consumer demand, and expansionary fiscal and monetary policies during the pandemic.
&#8220;If prices are rising on average over time and profit margins expand, that might look like price gouging, but it&#8217;s actually indicative of a broad increase in demand,&#8221; Joshua Hendrickson, an economist at the University of Mississippi, explained to the Times.
Furman warned that policies aimed at curbing price increases could hinder economic adjustment. &#8220;If prices do not rise in response to strong demand, new companies may not have as much inclination to jump into the market to ramp up supply.&#8221;
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
The debate points to the tension between politically popular proposals and economic orthodoxy. Kevin O&#8217;Leary, the "Shark Tank" investor, expressed surprise that Harris didn&#8217;t move toward more "centrist" policies. &#8220;Her advisors have given her some bad advice,&#8221; O&#8217;Leary said in a recent Fox News interview, predicting increased scrutiny of how the programs would be implemented.
See Also: Don&#8217;t miss out on the next Nvidia &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> you can invest in the future of AI for only $10.</a>
Some economists, however, see merit in efforts to address corporate pricing power. Isabella Weber of the University of Massachusetts Amherst argues that allowing companies to reap outsized profits during supply shocks could set a worrying precedent for future crises.
"If the worst of times for ordinary people ends up being the best of times for corporations, some sort of basic social contract is kind of crumpling," she said in the report. With inflation cooling but still a top concern for many Americans, the debate over price gouging and corporate profits will likely remain at the front of economic policy discussions in the months ahead.
Read Next:
<ul>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li>This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.</li>
</ul>

Personal Finance

'This Is Not Sensible Policy': Obama's Chief Economist Dismisses Kamala Harris' Price Gouging Crackdown

Kevin O&#8217;Leary, known to many as Mr. Wonderful from Shark Tank, isn&#8217;t holding back regarding his frustrations with China. In a recent <a href="https://youtu.be/e6HitdUhdSw?si=hTiA97-QrGcajh7s">interview</a> on FOX Business, O&#8217;Leary didn&#8217;t mince words, making it clear that he feels U.S. businesses, including his own, have been getting a raw deal in China for over a decade. His solution? Ramp up the pressure with tariffs and tough policies until China plays fair.
Don't Miss:
<ul>
<li>If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> would you invest in it</a>?</li>
<li>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
<li>Don&#8217;t miss the real AI boom &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> here&#8217;s how to use just $10 to invest in high growth private tech companies.</a></li>
</ul>
According to him, while <a href="https://www.benzinga.com/general/24/04/38413939/chinas-temu-takes-over-17-of-us-market-share-cutting-jobs-from-american-amazon-and-decimating-small">China enjoys easy access to U.S. markets</a>, American businesses don&#8217;t have the same opportunities in China. U.S. companies face Chinese courts and regulations, which he believes are stacked against foreign businesses.
&#8220;They have screwed me over the last 12 years,&#8221; O&#8217;Leary said, referring to his struggles as an investor in the Chinese market. &#8220;I have no access to their courts. I can&#8217;t understand why they get to list their companies without the same cost and compliance that I have to pay,&#8221; he continued.
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
O&#8217;Leary is frustrated with the trade relationship&#8217;s unfairness. He believes the U.S. needs to <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39228724/kevin-oleary-advocates-for-strict-regulatory-compliance-implications-for-digital-assets">pressure </a>China with tariffs and other economic actions until they treat American companies fairly. In his own words, the U.S. needs to &#8220;squeeze Chinese heads.&#8221;
O&#8217;Leary sees tariffs as necessary but doesn&#8217;t love them in the long run. By keeping the heat on, China will have no choice but to come to the negotiating table and agree to fairer trade practices. O&#8217;Leary wants to ensure that the Chinese don&#8217;t take advantage of American businesses and that the U.S. gets a fair deal in global trade.
Trending: General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50/share with a $1,000 minimum.</a>
Earlier this year, <a href="https://www.benzinga.com/general/24/03/37587567/its-time-to-give-them-the-stick-kevin-oleary-wants-a-level-playing-field-when-competing-with-china-s">he made similar comments</a>, saying, &#8220;I worry about China every single day,&#8221; before continuing, &#8220;There's absolutely no reason why we remain the largest economy on earth. We cannot squeeze Chinese heads until we get what we want.&#8221;
O'Leary believes that China responds to firmness and that it is time for the U.S. to &#8220;give them the stick,&#8221; an analogy for applying stricter measures to ensure justice and equal interchange in economic and trade relationships. &#8220;I am all for squeezing them every single day and keeping the policy tight,&#8221; he said.&nbsp;
O&#8217;Leary&#8217;s not alone in his criticism of the country. The U.S.-China conflict has been widening for quite some time now. Still, O&#8217;Leary understands that fair trade between the U.S. and China is important for both sides, and American business owners don&#8217;t want to lose this extremely important market. O&#8217;Leary and many others simply want to ensure American businesses get fair treatment, not to hurt China, but to develop a level of relationship that benefits everyone.
Read Next:
<ul>
<li>This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.</li>
<li>Don&#8217;t miss out on the next Nvidia &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> you can invest in the future of AI for only $10.</a></li>
</ul>

Startups

'They Have Screwed Me Over The Last 12 Years,' Says Kevin O'Leary, Cheers For Tariffs – 'Squeeze Chinese Heads Is What I'm Willing To Do'

This article was originally published on <a href="https://cannabis.net/blog/medical/how-long-does-weed-stay-in-your-saliva-mouth-swab-drug-test-guide">Cannabis.net</a> and appears here with permission.
Understanding how long marijuana stays in saliva is crucial for various reasons, including legal concerns, workplace policies, and personal health decisions. Marijuana, derived from the cannabis plant, contains the psychoactive compound delta-9-<a href="https://cannabis.net/blog/medical/how-long-does-marijuana-stay-in-your-urine-asking-for-a-friend">tetrahydrocannabinol (THC), which can be detected in various bodily fluids</a>, including saliva. This article provides a comprehensive look at the factors influencing the presence of marijuana in saliva, the detection methods, and the implications for users.&nbsp;<a href="https://cannabis.net/blog/how-to/how-to-pass-a-drug-test-you-had-no-idea-was-coming">Passing a surprise drug test</a>&nbsp;is always a challenge!
<h3>Factors Influencing Detection Time</h3>
The duration marijuana stays detectable in saliva can vary widely based on several factors:
<ol>
<li>
Frequency and amount of use:&nbsp;Heavy and frequent marijuana users will have higher concentrations of THC in their saliva, leading to longer detection times.
</li>
<li>
Method of consumption&nbsp;Smoking marijuana results in faster absorption and shorter detection times compared to edibles or oils, which are absorbed more slowly.
</li>
<li>
Metabolism: Individuals with faster metabolisms may break down THC more quickly, reducing detection times.
</li>
<li>
Hydration: Drinking plenty of water can help flush out THC and its metabolites from the body, reducing detection times..
</li>
</ol>
<h3>Detection Window</h3>
The detection window for THC in saliva is generally shorter compared to other testing methods like urine or hair tests:
<ol>
<li>
Occasional Users:&nbsp;THC can be detected in saliva for 1 to 3 days.
</li>
<li>
Frequent Users:&nbsp;Regular users may have detectable levels of THC in their saliva for up to 29 days.
</li>
<li>
Chronic Users:&nbsp;In heavy, long-term users, THC may remain detectable for even longer, sometimes up to a month.
</li>
</ol>
Methods of Testing for Marijuana in Saliva
A plethora of scientific techniques are employed to detect the presence of marijuana in saliva, each with its own unique characteristics, advantages, and levels of sensitivity. These methodologies are instrumental in uncovering evidence of marijuana use, and their applications vary depending on the specific context and purpose of the testing. They include:
<ul>
<li>
Enzyme-linked immunosorbent assay (ELISA): This widely utilized method is a cornerstone in drug testing, leveraging the principles of immunology to identify and quantify THC and its metabolites in saliva. ELISA tests are often employed as a preliminary screening tool due to their relatively low cost, rapid results, and ease of use.
</li>
</ul>
They provide a sensitive and specific detection of marijuana use, making them an invaluable tool in various settings.
<ul>
<li>
Gas chromatography-mass spectrometry (GC-MS):&nbsp;As a more advanced and sensitive technique, GC-MS is capable of detecting THC and its metabolites at significantly lower concentrations than ELISA. This method separates, identifies, and quantifies the components of a saliva sample, providing a more detailed understanding of its chemical composition. GC-MS is often employed in confirmatory testing, legal proceedings, and research studies, where a higher level of accuracy and precision is required.
</li>
</ul>
<ul>
<li>
Oral fluid testing devices:&nbsp;These portable devices utilize a swab to collect a saliva sample, which is then analyzed for the presence of THC and its metabolites. Oral fluid testing devices are often used in law enforcement, workplace settings, and clinical environments due to their ease of use, rapid results, and non-invasive nature. They provide a convenient and efficient method for detecting marijuana use, making them an invaluable tool in various applications.
</li>
</ul>
Each of these methods&nbsp;<a href="https://cannabis.net/blog/news/solving-the-cannabis-dui-puzzle-detecting-active-cannabis-impairment-through-eye-movement-tests">plays a vital role in detecting marijuana use</a>, and their applications vary depending on the specific context and purpose of the testing. By understanding the strengths and limitations of each technique, professionals can select the most appropriate method for their needs, ensuring accurate and reliable results.
<h3>Legal and Workplace Implications</h3>
Saliva testing for marijuana has significant implications in legal and workplace contexts:
<ol>
<li>
Employment Screening:&nbsp;Many employers use saliva tests as part of their drug screening process, especially in safety-sensitive industries.
</li>
<li>
Legal Cases:&nbsp;Saliva tests are often used in roadside checks and legal cases to determine recent marijuana use.
</li>
<li>
Regulations and Policies:&nbsp;Different jurisdictions have varying laws regarding marijuana use and testing, affecting how saliva tests are implemented and interpreted.
</li>
</ol>
<h3>Reducing Detection Time</h3>
While there is no guaranteed way to rapidly eliminate THC from saliva, some strategies may help reduce detection time:
<ol>
<li>
Staying Hydrated:&nbsp;Drinking plenty of water can help flush out THC.
</li>
<li>
Good Oral Hygiene:&nbsp;Regular brushing, flossing, and using mouthwash can reduce THC levels in the mouth.
</li>
<li>
Healthy Diet:&nbsp;Eating a balanced diet and avoiding fatty foods can support faster metabolism of THC.
</li>
<li>
Exercise:&nbsp;Physical activity can help increase metabolic rate, aiding in the elimination of THC.
</li>
</ol>
<h3>Implications for Users</h3>
For marijuana users, understanding the detection time in saliva can have several practical implications:
<ol>
<li>
Avoiding Legal Issues:&nbsp;Knowing how long THC stays in saliva can help users make informed decisions about driving or operating machinery.
</li>
<li>
Managing Workplace Policies:&nbsp;Employees can better navigate workplace drug policies by understanding the detection window.
</li>
<li>
Personal Health Decisions:&nbsp;Users can make more informed choices about their consumption habits and potential health impacts.
</li>
</ol>
<h3>Medical Use Of Marijuana</h3>
For medical marijuana patients, the presence of THC in saliva may have different considerations:
<ol>
<li>
Doctor&#39;s Advice:&nbsp;Medical users should follow their doctor&rsquo;s advice regarding usage and potential interactions with other medications.
</li>
<li>
Legal Protections:&nbsp;In some jurisdictions, medical marijuana use is protected by law, affecting how saliva tests are administered and interpreted.
</li>
</ol>
<h3>Research and Developments</h3>
Ongoing research continues to improve our understanding of THC detection in saliva:
<ol>
<li>
Advances in Testing Technology:&nbsp;New testing methods are becoming more accurate and less invasive.
</li>
<li>
Understanding Metabolism:&nbsp;Research into how different factors affect THC metabolism can lead to more personalized and precise testing protocols.
</li>
<li>
Policy Changes:&nbsp;As laws regarding marijuana use evolve, so too do the regulations and standards for testing.
</li>
</ol>
<h3>Conclusion</h3>
In conclusion, the duration that marijuana stays in saliva is influenced by several factors including frequency of use, amount consumed, metabolism, hydration levels, and method of consumption. Saliva testing remains a preferred method for detecting recent marijuana use due to its ease of collection, sensitivity, and rapid results. For users, understanding these factors and the implications of saliva testing can help in making informed decisions regarding legal and workplace policies. As research and technology advance, our understanding of THC detection in saliva will continue to evolve, potentially leading to more accurate and personalized testing protocols.
This article is from an external unpaid contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Cannabis

Markets

General

How Long Does Weed Stay In Your Saliva? Here's A Mouth Swab Drug Test Guide

This article was originally published on <a href="https://2fast4buds.com/news/top-5-highest-thc-strains-2024">2Fast4Buds</a> and appears here with permission.
As you may know, certain types of cannabis are useful for managing chronic pain, while others can give you a boost of energy. In any case, the THC content of the strain can mean the difference between something not good enough and the perfect medicine.
If you&rsquo;ve landed here, you&rsquo;re probably looking for the strongest weed strains to grow in 2024. The good news is, we&rsquo;ve got them. Whether you prefer Indica, Sativa, or hybrids, our Top 5 Highest THC Strains of 2024 will fill your garden with heavy hitters. Read on for our latest list of the highest THC strains!
<h3>Tropicana Cookies FF - Up to 28%</h3>
Tropicana Cookies FF can not only help medical consumers relieve symptoms associated with stress, anxiety, and depression but also make a unique experience for recreational consumers. Thanks to its limonene-dominant terpene profile combined with up to 28% THC content, this fastflowering strain is a must if you&rsquo;re looking to keep your jars full of hard-hitting nugs.
<blockquote>Very powerful effect but functional, an all-around strain for day and night. The smell is very fruity, sweet, and citrusy, and the flavor too.
</blockquote>
<h3>Gorilla Cookies FF - Up to 29%</h3>
Gorilla Cookies FF is the photoperiod version of our world-renowned Gorilla Cookies Auto, with THC levels of up to 29%, this strain gained popularity due to its powerful high, and delicious mix of citrus and dessert-like terps. Medical patients can use this highly potent strain&nbsp;to boost appetite and enhance mood, but also for recreational consumers who seek a powerful couch-lock high that&rsquo;s perfect for some netflix and chill.
<blockquote>Powerful, long-lasting buzz with a sweet flavor. I&#39;m really enjoying the high, it&rsquo;s super potent, and no anxiety or anything like that.
</blockquote>
<h3>Gorilla Melon - Up to 30%</h3>
With up to 30% THC, Gorilla Melon is a great choice for those who want to experience both sides of the spectrum. The effects start with a burst of creativity-enhancing energy that leaves a huge smile on your face before you&#39;re hit with a wave of deep relaxation that can leave you extremely couch-locked. Your level of tolerance will dictate how strong the relaxation hits you, so it&rsquo;s better to start slowly!
<blockquote>A delicious, classic GG4 flavor with sweeter notes. It&rsquo;s super potent yet highly versatile for day and night use.
</blockquote>
<h3>Lemonpaya - Up to 30%</h3>
Lemonpaya is a balanced but seriously potent strain with up to 30% THC. The Limonene terps give it a mood-boosting, joyful vibe, but the Papaya side packs a punch. After a couple of hits, the happy head high shifts into a heavy-bodied, sedative effect that&rsquo;s super narcotic and may be overwhelming if you&rsquo;re not used to potent Indica effects. The perfect strain for a chill day at home with nothing on your to-do list.
<blockquote>Made me super hungry, but the high starts in the head before that heavy indica effect kicks in. Took my muscle pain away in 20 minutes.
</blockquote>
<h3>Lemon Mandarin - Up to 30%</h3>
Lemon Mandarin is a lot like the Lemonpaya strain mentioned earlier. It packs a powerful punch with long-lasting euphoria and a super relaxing comedown. With up to 30% THC, this potent strain will keep you floating for hours before the buzz melts into a peaceful, relaxed state that boosts your energy and sharpens your focus.
<blockquote>Really good high and longlasting, perhaps a bit too overwhelming for me but I guess it would be perfect for everyday smokers.
This article is from an external unpaid contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.
</blockquote>

Top 5 Highest THC Cannabis Strains For 2024

This article was originally published on <a href="https://cannabis.net/blog/news/jd-vance-says-theres-fentanyl-in-our-teens-bags-of-marijuana-so-shouldnt-we-legalize-and-regula.971306">Cannabis.net</a> and appears here with permission.
During a recent campaign event with the Milwaukee Police Association in Wisconsin,&nbsp;<a href="https://cannabis.net/blog/news/is-trumps-vp-pick-jd-vance-good-or-bad-for-the-cannabis-industry.526378">Senator JD Vance (R-OH) made a provocative assertion</a>&nbsp;that &quot;fentanyl is in our marijuana bags that our teenagers are using.&quot; This statement was not merely an isolated comment but part of a broader narrative that links the opioid crisis to the Biden administration&#39;s border policies. Vance expressed deep concerns about the potential dangers that substances might pose to his children as they grow up, highlighting the need for a safer environment for youth experimentation with drugs. He articulated a parental anxiety that many share, fearing that a single mistake could have irreversible consequences for their children. By framing his argument in this manner, Vance aims to resonate with parents who are increasingly worried about the safety of their children in a world where drug use is prevalent. However, Vance&#39;s claims have sparked significant controversy and pushback from various advocates and regulatory bodies, which argue that there is&nbsp;<a href="https://cannabis.net/blog/news/the-cannabis-laced-fentanyl-myth">little to no evidence supporting the idea of fentanyl contamination in cannabis products.</a>&nbsp;Experts from organizations like the Partnership to End Addiction emphasize that fentanyl, a potent synthetic opioid, is destroyed when burned, rendering it ineffective if mixed with marijuana.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Furthermore, the Drug Enforcement Administration (DEA)&nbsp;<a href="https://cannabis.net/blog/opinion/cannabis-laced-with-fentanyl-is-not-real-cannabis-laced-with-fentanyl-is-not-real-cannabis-lace.915642">has not issued any alerts regarding fentanyl being found in cannabis</a>, suggesting that the narrative surrounding fentanyl-laced marijuana may be more sensational than factual. As the debate continues, it raises critical questions about the intersection of drug policy, public health, and the responsibilities of lawmakers to base their claims on scientific evidence rather than anecdotal fears.
<h3>Reasons Why Fentanyl-Laced Marijuana is Unlikely</h3>
Several factors contribute to the unlikelihood of fentanyl being present in marijuana products:
<ul>
<li>
<h4>Burning Destroys Fentanyl</h4>
</li>
<li>
Fentanyl is destroyed when burned, including when in a joint, blunt, or other means of smoking marijuana.
</li>
<li>
Even if fentanyl is mixed with marijuana flower, it will have no effect on a person who is smoking it.
</li>
</ul>
<ul>
<li>
<h4>Vape Pen Temperatures are Too Low</h4>
</li>
<li>
Most commonly available vape pens don&#39;t reach temperatures over 450 degrees Fahrenheit, as higher temperatures would destroy the substances they are intended to be used with, including marijuana.
</li>
<li>
Vape pens would have to reach temperatures closer to 900 degrees Fahrenheit to vaporize fentanyl.
</li>
<li>
Even&nbsp; if the marijuana is contaminated or mixed with fentanyl, the fentanyl would be destroyed before it&#39;s absorbed.
</li>
</ul>
<ul>
<li>
<h4>Liver Breaks Down Edibles</h4>
</li>
</ul>
If fentanyl is baked into a brownie or put in some other kind of edible, the risk is very low because fentanyl is broken down by the liver, with little chance of reaching the brain.
<ul>
<li>
<h4>No Profits to be Made</h4>
</li>
<li>
According to Leafly, a site devoted to the sale of marijuana products, it doesn&rsquo;t make sense to add fentanyl to marijuana from a cost standpoint.
</li>
<li>
As an example, &ldquo;a weed dealer would have to spend $40 on a fentanyl patch, successfully extract the drug from the patch, and then &ldquo;lace&rdquo; a $30 gram of their best weed to live up to these fantasies. In a best-case economic scenario, the dealer is losing $10 on every sale.&rdquo;
</li>
<li>
Fentanyl is an expensive drug, and adding it to marijuana would not be profitable for drug dealers.
</li>
<li>
The costs associated with extracting and adding fentanyl to marijuana outweigh any potential benefits for drug dealers.
</li>
</ul>
<ul>
<li>
<h4>Police and Media Mistakes</h4>
</li>
</ul>
According to Leafly, a site dedicated to marijuana products, it is economically unfeasible for drug dealers to add fentanyl to marijuana; for instance, a dealer would need to spend $40 on a fentanyl patch, extract the drug, and then lace it into a $30 gram of marijuana, resulting in a loss of $10 per sale in the best-case scenario. Given that fentanyl is an expensive drug, the costs associated with its extraction and addition to marijuana outweigh any potential profits, making it impractical for dealers to engage in this practice.
<ul>
<li>
<h4>No DEA Alerts</h4>
</li>
<li>
The DEA has recently issued alerts about fentanyl-laced fake pills like Percocet, Vicodin, Adderall, and Xanax, as well as fentanyl laced with Xylazine, but they have not issued alerts about marijuana.
</li>
<li>
There are about 55 million people in the U.S. who use marijuana.
</li>
<li>
<h4>Vance&#39;s Limited Cannabis Policy Record</h4>
</li>
<li>
Vance, who was elected to Congress in 2022, doesn&rsquo;t have an extensive cannabis policy record.
</li>
<li>
His limited actions and comments on the issue indicate that he&rsquo;s aligned with Trump on one key issue: He backs the rights of states to set their own marijuana laws.
</li>
<li>
He&rsquo;s also indicated that he&rsquo;s against incarcerating people over low-level possession.
</li>
<li>
However, he voted against bipartisan banking legislation that passed in committee and has argued that states that have enacted legalization should increase enforcement activities, complained about the smell of cannabis multiple times and suggested that its use can lead to violence.
</li>
<li>
Vance&rsquo;s limited record on cannabis policy suggests that his claim about fentanyl-laced marijuana may be more politically motivated than based on scientific evidence.
</li>
</ul>
<h3>Conclusion</h3>
While Senator JD Vance&rsquo;s assertion regarding the&nbsp;<a href="https://cannabis.net/blog/opinion/did-the-us-just-have-its-first-real-case-of-fentanyl-laced-marijuana">presence of fentanyl in marijuana</a>&nbsp;may have been intended to draw attention to the pressing issues of the opioid crisis and border security, it fundamentally lacks a solid foundation in factual evidence and stands in stark contradiction to the findings presented by experts and regulatory authorities. The overwhelming consensus among professionals in the field is that the likelihood of fentanyl contamination in cannabis products is exceedingly low, a reality that is further underscored by Vance&rsquo;s relatively limited record on cannabis policy. This raises concerns that his statement may be more politically motivated than grounded in scientific reality, potentially serving to exploit public fears rather than address them with informed discourse.
In light of these considerations, experts and advocates continue to stress the critical importance of developing evidence-based policies and enhancing public education to effectively tackle the genuine challenges posed by substance abuse and the ongoing opioid epidemic. The need for a regulatory framework that ensures safety and accountability in drug use is paramount, yet Vance&rsquo;s comments do not align with this objective. Instead, they perpetuate a narrative that lacks empirical support, diverting attention from the real issues at hand and hindering constructive dialogue on how best to protect communities and individuals from the dangers of drug misuse.
This article is from an external unpaid contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Government

JD Vance Says There's Fentanyl In Our Teens' Marijuana - So Shouldn't We Legalize And Regulate Cannabis ASAP For Safety?

Mark Cuban, the billionaire entrepreneur and star of Shark Tank, recently took to social media to engage in a storm of tweets about Vice President Kamala Harris&#8217;s economic proposals. Responding to numerous comments and criticisms, Cuban sought to clarify what Harris actually said, particularly around the issue of price controls, which has been a hot topic since her recent speech.
Don't Miss:
<ul>
<li>If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> would you invest in it</a>?</li>
<li>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
<li>Don&#8217;t miss the real AI boom &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> here&#8217;s how to use just $10 to invest in high growth private tech companies.</a></li>
</ul>
One of the key points Cuban made was in response to claims that <a href="https://www.benzinga.com/news/24/08/40467624/harris-price-gouging-plan-faces-pushback-from-grocers-hurting-from-the-same-inflationary-pressure-as">Harris was pushing for price caps</a> or controls on essential goods. This idea seemed to have gained traction, but Cuban was quick to dispel the notion. In one tweet, he asked, &#8220;Are you saying that all 37 states, including Texas, that have price gouging laws are using them for price caps?&#8221; He emphasized, &#8220;There is nothing she said that relates to price caps or price controls. Lots of people guessed that is what she would do. She didn't.&#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">From the transcript of her speech "My plan will include new PENALTIES for opportunistic companies that exploit CRISES .AND. break the rules. And we will support smaller food businesses that are trying to play by the rules and get ahead." Nothing about price controls or…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1825254414439129122?ref_src=twsrc%5Etfw">August 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
Cuban even referenced the transcript of Harris&#8217;s speech to back up his point that this statement doesn&#8217;t mention price caps or controls, likening it to the existing price gouging laws in 37 states.&nbsp;
Cuban also addressed broader concerns about Harris's ability to deliver on her promises, particularly given her role as Vice President. Responding to criticism that Harris has had nearly four years in office to address issues like inflation, Cuban drew parallels to former Vice President Mike Pence. He argued that just as Pence wasn&#8217;t responsible for major policy failures like not finishing the border wall or overhauling health care, Harris, too, is limited in what she can achieve independently.
<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">How your guy wants to defeat inflation &quot;On my first day back in the Oval Office, I will sign an executive order directing every Cabinet secretary and agency head to use every tool and authority at their disposal to defeat inflation and bring consumer prices rapidly down,&quot; Trump… <a href="https://t.co/BMgMLM1DNA">https://t.co/BMgMLM1DNA</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1825299173866156386?ref_src=twsrc%5Etfw">August 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trending: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
He also compared Harris's approach to inflation to that of former President Donald Trump. He shared a quote from Trump in which <a href="https://www.benzinga.com/news/24/08/40432918/mark-cuban-slams-trumps-beat-inflation-in-100-days-plan-he-instruct-a-bunch-of-un-named-bureaucrats">Trump promised to tackle</a> inflation through executive orders and rapid action by government agencies. Cuban criticized this as vague and lacking in substance, pointing out that Harris has only been a candidate for four weeks, while Trump has had much longer to refine his plans.
While <a href="https://www.benzinga.com/general/politics/24/08/40105641/mark-cuban-reid-hoffman-vinod-khosla-and-nearly-500-venture-capitalists-back-kamala-harris-in-20">Mark Cuban is backing</a> Kamala Harris's economic plans and clearing up misunderstandings about price caps, it's worth noting that not everyone is on board. Some people feel that since Harris is part of the current administration, she shares in the <a href="https://www.benzinga.com/news/24/08/40367123/harris-was-the-deciding-vote-for-the-inflation-reduction-act-says-kevin-oleary-thats-the-reason-we-h">blame for the high inflation</a> we're dealing with now. They also worry that her focus on penalizing companies for price gouging doesn't tackle the <a href="https://www.benzinga.com/personal-finance/24/03/37826940/were-dealing-with-inflation-shrinkflation-and-sh-tflation-public-voices-frustration-over-rising-">bigger issues behind rising prices</a>.
Read Next:
<ul>
<li>This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.</li>
<li>Don&#8217;t miss out on the next Nvidia &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> you can invest in the future of AI for only $10.</a></li>
</ul>

Mark Cuban Responds To Kamala Harris' Economic Plan With Dozens of Tweets, Says She Didn't Mention Price Caps Or Price Controls

Side hustles can be a great way to pad your income from a full-time or hourly job. They're also a handy safety net for students or anyone needing part-time work, with the <a href="http://www.benzinga.com/news/23/06/32929541/here-are-4-side-hustles-for-early-birds-and-night-owls-one-pays-up-to-100-per-hour">bonus of flexible hours.</a>
Here's the most important advice from a 25-year-old who tried 23 different side ventures before finally starting his own company.
What Happened: Many who've turned side hustles into full-fledged careers are <a href="https://www.benzinga.com/news/23/08/34034756/27-year-old-who-made-700-000-in-a-year-from-side-hustles-shares-2-pieces-of-advice">eager to offer advice</a> to those looking to break into the field or turn their own ventures into something bigger.
Steven Schwartz, who started experimenting with side hustles at just 13, now runs a platform designed for entrepreneurs.
Schwartz estimates he launched over 23 side hustles, according to an interview with&nbsp;<a href="https://www.cnbc.com/2023/08/28/advice-from-gen-z-side-hustle-expert-find-a-real-problem-to-solve.html?forYou=true" target="_blank" rel="noreferrer noopener">CNBC's&nbsp;</a>"Make It."
Several of the businesses were co-founded with his friend&nbsp;Cameron Zoub. Schwartz said the businesses he undertook with Zoub managed to generate hundreds of dollars daily on multiple instances.
Among the businesses created by Schwartz and Zoub included a sneaker bot that could buy limited-edition sneakers from drops quicker than real people clicking the buy button.
The duo also launched an IT agency that built websites and apps for customers and brought in $100,000 per month in revenue at its peak.
In March 2021, the duo launched marketplace Whop, with co-founder&nbsp;Jack Sharkey. Whop is a tech marketplace that Schwartz described as "Etsy for software products." The site brings in around $354,000 per month, according to the report.
"The beauty of Whop is if we have an idea, we can just go on Whop and try it out," Schwartz said. "It's a really amazing way to use your own product."
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent082324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Advice for Entrepreneurs:&nbsp;After years of building and running side hustle businesses, Schwartz has advice for anyone looking to launch a sustainable business model.
"You want to really orient yourself around a real problem that needs to be solved," Schwartz said. "People get hung up around building software, and they make something that no one's actually going to use."
Whop allows software and app developers a marketplace to sell their products, something Schwartz said solved a problem.
"If no one's using it, you get really demotivated."
Schwartz said Whop helped solve a problem in being seen as a more trustworthy option and a vetting process for software sales. The business also solved a problem Schwartz had with his past IT business, as Whop is more personally fulfilling to him. By having Whop, he can keep building his own software and apps with his own marketplace to sell them.
Entrepreneur and investor&nbsp;Mark Cuban&nbsp;shares a similar outlook on creating a business, according to CNBC.
"There comes a point in time where you got to figure out the answers yourself," Cuban said in a previous interview. "Learning how to solve problems, learning how to find answers, being curious enough to find solutions on your own is where successful businesses come from."
This story is part of a new series of features on the subject of success,<a href="https://www.benzinga.com/topic/benzinga-inspire" target="_blank" rel="noreferrer noopener">&nbsp;Benzinga Inspire.</a>
This article was previously published by Benzinga and has been updated.
Photo: Shutterstock

Education

Young Entrepreneur Makes $354,000 A Month: Tips On Turning Side Hustle Into Big Business

In the wake of Kamala Harris&#8216; Thursday speech at the Democratic convention, Donald Trump has refuted allegations of rambling during <a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy">his phone call with Fox News</a> that night.
What Happened: Trump defended his conversation on Sunday, stating that he was invited by Fox News for a quick interview following Harris&#8217; speech.
&#8220;Bret Baier of FoxNews called me, I didn't call him, just prior to the Kamala Convention speech, and asked me if I would like to critique her after she is finished. I agreed to do so!&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/113022330103812834">posted</a> on Truth Social.
According to the report, the former president dialed into Fox News immediately after Harris&#8217; nomination acceptance speech at the Democratic National Convention last Thursday.
During the call, Trump seemed to unintentionally press buttons on his phone&#8217;s keypad while discussing Harris&#8217; speech. The call was cut short after 10 minutes due to time constraints on the network, as reported <a href="https://thehill.com/homenews/campaign/4846466-donald-trump-fox-news-kamala-harris-dnc-speech/">by</a> The Hill.
Also Read: <a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref">Trump Vs Harris: Kamala Harris Takes 8-Point Lead In New Poll, With Race And Gender Shaping Voter Preferences</a>
Trump&#8217;s call was criticized by New York Times columnist Maureen Dowd. 
Trump wrote in the post, &#8220;Bret Baier of FoxNews called me, I didn't call him, just prior to the Kamala Convention speech, and asked me if I would like to critique her after she is finished. I agreed to do so! — I thought it was nonspecific and weak, with no fracking, crime, inflation or anything else of interest even mentioned. Delivery was a C+, with far too many and speedy &#8216;thank you's&#8217; at the beginning,&#8221;
Read Also
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent082424" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
&#8220;It was &#8216;WEIRD!&#8217; Likewise, I didn't call other media outlets that asked me to go on, they called me. The Fake News, like often &#8216;gilted&#8217; Maureen Dowd of the failing New York Times, wrote incorrectly that I was making the calls. WRONG!!! I don't have to make calls to go on TV, or anything else — They call me! It's called Ratings, I guess, and I'm the &#8216;Ratings Machine!&#8217; he added.
Why It Matters: This incident underscores the ongoing tension between Trump and the media, a relationship that has been fraught with accusations of misinformation and bias. 
Trump&#8217;s response to the criticism also highlights his continued influence and media appeal, even after leaving office.
As the political landscape continues to evolve, the dynamics between public figures and media outlets remain a critical aspect of public discourse.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Donald Trump Says Fox News Called Him For DNC Interview, Brands Himself 'Ratings Machine'

Grant Cardone, a prominent entrepreneur and real estate mogul, has a strong message: You don't need a college degree to get rich in America. In a recent <a href="https://www.youtube.com/watch?v=FtEkZNY0HsE">interview</a>, Cardone argued that while college can offer some advantages, it often results in significant debt that weighs down the average American instead of boosting their financial future.
Don't Miss:
<ul>
<li>Will Cannabis and Psilocybin drug development lead the way in disrupting the $678 billion pharmaceutical industry?<a href="https://www.benzinga.com/money/ajna-biosciences"> This start up is betting on it and you can be an early investor too, with just $250 for under $2/share</a></li>
<li>Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks tackles the $644 billion margin lending market –<a href="https://www.benzinga.com/money/wolfpack"> here&#8217;s how to get equity in it with just $100</a></li>
<li>Don&#8217;t miss out on the next Nvidia &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> you can invest in the future of AI for only $10.</a></li>
</ul>
Cardone points out that big companies like Facebook and Google no longer require a college degree for many jobs, showing that having a degree isn't as important as it used to be. While having a degree can help you <a href="https://www.benzinga.com/news/23/08/34014395/is-a-college-degree-worth-it-new-study-on-student-loans-shows-stark-differences">earn more money over your lifetime</a>, Cardone argues that it often comes with massive student loan debt. He even compares this debt to modern-day slavery, trapping people in financial struggles for years.
The debt might be worth it for those who go to Ivy League universities because they usually land high-paying jobs. However, the debt can be overwhelming for many who attend less-known colleges and doesn't necessarily lead to better financial opportunities.
Trending: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.
Cardone believes in the adage that time is money, and spending years in college is not the best use of your time, especially if it means going into debt. He suggests that young people might be better off using that time to build practical skills, network, and gain experience that can lead to success without the burden of student loans.
And even though he opposes going to college for most people, he did finish college and earned a degree in accounting from McNeese State University in Louisiana.&nbsp;
Cardone is especially critical of how the education system has promoted college as the only way to succeed, particularly for minority communities. With $1.6 trillion in student loan debt across the U.S., many people find it hard to pay off their loans. He asked the interviewer, &#8220;AI is right around the corner. Would you go to college today? I wouldn&#8217;t.&#8221;
Trending: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
His views are similar to successful entrepreneurs who also question the need for a college degree. For example, billionaire <a href="https://www.benzinga.com/personal-finance/24/04/38319479/elon-musk-thinks-college-is-basically-for-fun-and-to-prove-that-you-can-do-your-chores-says-degr">Elon Musk said college isn't about learning</a>. Gary Vaynerchuk, a popular business figure, points out that there are countless free ways to learn about business, making college unnecessary for many people who want to start their ventures.
Data from 2016 shows that nearly a third of billionaires, like Bill Gates and Mark Zuckerberg, didn't finish college. This shows that while college can be helpful, it's not the only way to succeed. Conversely, that also means that two-thirds of billionaires did finish college.&nbsp;
Read Next:
<ul>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li>Don&#8217;t miss the real AI boom &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> here&#8217;s how to use just $10 to invest in high growth private tech companies.</a></li>
</ul>

To Get Rich In America, You Do Not Need A College Degree Says Grant Cardone – 'It Helps Put People In Debt'

<a href="https://news.sky.com/story/unilever-rations-skincare-portfolio-with-kate-somerville-sale-13203323?dcmp=snt-sf-twitter" title="https://news.sky.com/story/unilever-rations-skincare-portfolio-with-kate-somerville-sale-13203323?dcmp=snt-sf-twitter">https://news.sky.com/story/unilever-rations-skincare-portfolio-with-kate-somerville-sale-13203323?dcmp=snt-sf-twitter</a>

Asset Sales

Sky News Reported Unilever Is Working With Advisers On Sale Kate Somerville Skincare Brand It Acquired In 2015

Renowned investor Bill Miller III continues to show his unwavering support for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) despite the cryptocurrency&#8217;s market volatility.
What Happened: In a recent interview with Forbes, Miller shared his investment strategies and his views on the current market. 
Miller, who began co-managing Legg Mason Value Trust in 1982 and later assumed the role of solo manager in 1990, has a track record of making early investments in hyper-growth stocks like America Online and Amazon.com. His annual performance surpassed the S&amp;P 500 Index for 15 consecutive years from 1990 through 2005.
After parting ways with Legg Mason, Miller allocated 1% of his personal portfolio into Bitcoin in 2012, when the cryptocurrency was valued at around $700. Bitcoin now trades near $60,000 per coin.
Miller&#8217;s son, Bill Miller IV, currently manages Miller Value Partners, overseeing approximately $290 million in assets through the Miller Income (LMCJX) mutual fund and two ETFs: Miller Value Partners Appreciation (MVPA) and Miller Value Partners Leverage (MVPL).
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39020792/bitcoin-to-hit-1-million-in-next-10-to-18-months-says-crypto-analyst-were-still-so-early-i" target="_blank" rel="noreferrer noopener">Bitcoin To Hit $1 Million In Next 10 To 18 Months, Says Crypto Analyst: ‘We're Still So Early In The Bitcoin Story'</a>
In <a href="https://www.forbes.com/sites/johndobosz/2024/08/24/why-legendary-investor-bill-miller-still-loves-bitcoin---and-3-ways-to-beat-the-market/">the</a> interview, Miller shared his insights on how he consistently outperformed the market for over a decade and discussed opportunities in the current market. He also spoke about his early life, his time in the Army, and his journey into the world of investing.
Miller highlighted Bitcoin as one of his most successful investments, stating, &#8220;I bought Bitcoin (BTC) around $200 at the start, and I think my average cost from 2012 to 2024 is around $700. It's the only economic entity where the supply is unaffected by the demand or the price. All you have to believe is that the demand for Bitcoin will grow faster than the supply.&#8221;
&#8220;I would suggest that you consider putting 1% of your liquid assets into Bitcoin, and then forget about it. You could lose all your money but look how much it's gone up in the last two years. You have nothing that has gone up as much as Bitcoin in the past two years. I said, let's have lunch together and talk about this thing. Bitcoin is an insurance policy against financial catastrophe, against inflation, against the types of things we saw during the pandemic,&#8221; he added during the interview. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39447328/anthony-scaramucci-says-crypto-will-soar-if-this-presidential-candidate-wins-the-election-">Anthony Scaramucci Says Crypto Will Soar If This Presidential Candidate Wins The Election: &#8216;I Think We&#8217;ll See All-Time Highs For Bitcoin And Other Assets&#8217;</a>
He also shared his investment philosophy, emphasizing the importance of understanding what is happening in the market rather than trying to predict future trends. Miller believes that investors need to have an edge, which can come from information, analysis, or behavior.
&#8220;The Fed had to flood the system to keep the Treasury market functioning, but nobody had to come in and bail out bitcoin. You can't bail it out. I would predict that within the next three to five years, a majority of advisors will advise people to have 1% to 3% of assets in Bitcoin,&#8221; Miller said. 
Why It Matters: Miller&#8217;s continued support for Bitcoin, despite its market volatility, underscores his belief in the cryptocurrency&#8217;s potential. His early investment in Bitcoin, when it was valued at around $700, has proven to be a smart move, with the cryptocurrency now trading near $60,000 per coin.
Miller&#8217;s investment philosophy, which emphasizes understanding the market rather than predicting future trends, has served him well throughout his career. 
His belief that investors need to have an edge, whether it comes from information, analysis, or behavior, provides valuable insight for those looking to succeed in the investment world.
Read Next:&nbsp;
<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39241558/analyst-predicts-bitcoin-to-reach-groundbreaking-100-000-milestone" target="_blank" rel="noreferrer noopener">Analyst Predicts Bitcoin To Reach Groundbreaking $100,000 Milestone</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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

Cryptocurrency

$BTC

Despite Market Jitters, Investor Bill Miller Stands Firm On Bitcoin: 'An Insurance Policy Against Financial Catastrophe'

Mark Cuban, the billionaire entrepreneur and minority owner of the NBA&#8217;s Dallas Mavericks, has reiterated his endorsement of Kamala Harris, seeing a fresh <a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref">trajectory for the Democratic Party under her leadership</a>.
What Happened: Cuban commended Harris for her business-friendly approach and her dedication to elevating the middle class. This followed the Democratic National Convention in Chicago.
Cuban, an early advocate of Harris, praised her for her open-mindedness and non-ideological stance. He also acknowledged her initiatives to back small businesses and entrepreneurs, and to cut down costs in healthcare, groceries, and housing sectors.
Speaking <a href="https://www.businessinsider.com/mark-cuban-sees-new-democratic-party-under-kamala-harris-2024-8">with</a> Business Insider, Cuban said that he wanted an open-minded leader who wouldn&#8217;t be an &#8220;ideologue&#8221; while in office.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy" target="_blank" rel="noreferrer noopener">Kamala Harris And Donald Trump Clash Over Federal Reserve&#8217;s Autonomy</a>
The billionaire entrepreneur also defended Harris&#8217; economic strategies around subsidies for first-time homeowners and a federal prohibition on price-gouging. He lauds her push for discussions on healthcare transparency and cryptocurrency regulation.
In a post on X, Cuban said, &#8220;Talking to stakeholders is the first step towards understanding what makes the economy work, or not work, from pricing to growth.&#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">Talking to stakeholders is the first step towards understanding what makes the economy work, or not work , from pricing to growth. " I will bring together labor and workers and small business owners and entrepreneurs and american companies to create jobs to grow our economy… <a href="https://t.co/1OeAsV1Nz2">https://t.co/1OeAsV1Nz2</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1827013721966686428?ref_src=twsrc%5Etfw">August 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Contrasting Harris with Donald Trump, Cuban underscored Harris&#8217; self-awareness and readiness to listen to businesses, ranging from small local stores to industry behemoths.
&#8220;One of the things that makes KH stand apart from the republican nominee is that she is self aware. She knows what she doesn&#8217;t know and is willing to listen to business, from the smallest corner yogurt shop to the giants of industry,&#8221; Cuban told the outlet. 
Read Also
<ul>
<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent082424" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Following the convention, Cuban expressed on social media that Harris is reshaping the Democratic Party with her unique policies.
Why It Matters: Cuban&#8217;s backing of Harris signifies a potential shift in the Democratic Party&#8217;s approach towards business and economic policies.
His support also highlights the increasing importance of issues such as healthcare transparency and cryptocurrency regulation in shaping the future political landscape. 
The impact of Harris&#8217; policies on small businesses and entrepreneurs, as well as on the middle class, will be crucial in determining the direction of the Democratic Party under her leadership.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Get Our Top Trade Ideas Delivered Daily - 65% Off Now'

Get Our Top Trade Ideas Delivered Daily - 65% Off Now'

Comments

Eden Empire

News

Latest news for Eden Empire (OTC:EDNEF) Stock