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News

PLTR

Palantir And Tree Energy Solutions Announce Multi-Year AI Partnership To Accelerate Global Decarbonization Efforts

Elon Musk&#8216;s SpaceX resumed launch activities over the weekend after a <a href="https://www.benzinga.com/news/24/07/39977028/elon-musks-spacex-to-resume-launch-operations-two-weeks-after-mishap-involving-20-starlink-satellite">two-week-long pause</a> with three back-to-back Starlink mission launches. 
What Happened: SpaceX launched three back-to-back Starlink missions on Saturday and Sunday, taking 67 Starlink satellites in total to low-Earth orbit. While two of the missions were launched from Florida, the third was launched from California. 
The three launches come after a two-week-long pause. 
SpaceX launched Falcon 9 with 20 Starlink satellites from California on July 11. However, the Starlink satellites were deployed in a&nbsp;<a href="https://www.benzinga.com/news/24/07/39766325/starlink-satellites-from-thursdays-launch-will-fully-demise-in-earths-atmosphere-says-elon-musks-spa" target="_blank" rel="noreferrer noopener">lower-than-intended orbit&nbsp;</a>owing to an issue with the rocket&#8217;s second-stage engine. The company's launch operations have been on hold since.
The resumption follows an investigation by the company into the root cause of the mishap with oversight from the Federal Aviation Administration (FAA). Necessary design changes have also been deployed to prevent a recurrence of the issue, SpaceX said last week. 
Musk Rejoices: &#8220;Back in the saddle!&#8221; SpaceX CEO Musk wrote on X after Saturday&#8217;s launch.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back in the saddle!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1817095154416619622?ref_src=twsrc%5Etfw">July 27, 2024</a></blockquote>
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The CEO also congratulated the team at SpaceX on Sunday for the three successful back-to-back launches.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congrats to the <a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a> Falcon team on completing 3 successful launches this weekend!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1817565274377203761?ref_src=twsrc%5Etfw">July 28, 2024</a></blockquote>
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Why It Matters:&nbsp;SpaceX&nbsp;<a href="https://www.benzinga.com/news/24/07/39612042/elon-musks-spacex-launches-67-missions-in-first-half-of-2024-trailing-own-targets" target="_blank" rel="noreferrer noopener">completed 67 missions</a>&nbsp;using its Falcon launch vehicles as of the end of the second quarter, with its Falcon 9 workhorse alone accounting for 66 launches.&nbsp;&nbsp;The company is looking to launch 144 times in 2024, averaging twelve times per month.
With the three launches over the weekend, SpaceX has completed six missions in July. 
Starlink is the satellite internet segment of Musk&#8217;s SpaceX. It achieved a&nbsp;<a href="https://www.benzinga.com/news/23/11/35583773/spacex-ceo-elon-musk-says-starlink-business-has-achieved-breakeven-cash-flow-is-an-ipo-on-the-cards" target="_blank" rel="noreferrer noopener">breakeven cash flow</a>&nbsp;in November. 
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/24/07/39979702/return-of-astronauts-aboard-boeings-starliner-uncertain-even-after-50-days-of-launch-nasa-hints-at-p">Return Of Astronauts Aboard Boeing&#8217;s Starliner Uncertain Even After 50 Days Of Launch: NASA Hints At Possibility Of Using SpaceX&#8217;s Dragon Spacecraft To Bring Them Back</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Tech

Elon Musk's SpaceX Resumes Big, Launches Three Starlink Missions Over Weekend, Placing 67 Satellites In Low Earth Orbit

Nicolas Maduro has secured a third term as the President of Venezuela. This outcome has sparked concerns about potential electoral fraud.
What Happened: The National Electoral Council of Venezuela declared Maduro the winner with 51% of the vote, despite multiple exit polls predicting an opposition victory, reported Reuters. Maduro&#8217;s main rival, Edmundo Gonzalez, was said to have secured 44% of the vote.
Maduro, addressing his supporters at the presidential palace, hailed his victory as a testament to peace and stability. He also pledged to initiate a &#8220;great national dialogue.&#8221;
However, U.S. Secretary of State Antony Blinken expressed &#8220;serious concerns&#8221; about the election results, stating that they do not reflect the will of the Venezuelan people. Blinken has called for a detailed tabulation of votes by the electoral authorities.
Despite the opposition&#8217;s allegations of electoral malpractice, the CNE has reported a 59% voter turnout. The opposition, which has been calling for change after 25 years of socialist rule, has urged the military to respect the election results.
Tesla Inc. CEO Elon Musk made a series of comments on Venezuela&#8217;s election developments. In one of his posts on X, he quoted a news piece representing Javier Milei, President of Argentina, stating, &#8220;Dictator Maduro, get the hell out!" Musk also captioned his post in similar lines, stating, &#8220;Shame on Dictator Maduro.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Shame on Dictator Maduro <a href="https://t.co/yad3Itps5N">https://t.co/yad3Itps5N</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1817776665906254018?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
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Cuban President Miguel Díaz-Canel warmly congratulated his &#8220;brother&#8221; Maduro on his victory in a post on X, reaffirming Cuba&#8217;s ongoing commitment to supporting the Bolivarian and Chavista Revolution.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hoy triunfó la dignidad y el valor del pueblo venezolano sobre presiones y manipulaciones. Transmito al hermano presidente <a href="https://twitter.com/NicolasMaduro?ref_src=twsrc%5Etfw">@NicolasMaduro</a> nuestras afectuosas felicitaciones por esta victoria histórica y el compromiso de <a href="https://twitter.com/hashtag/Cuba?src=hash&amp;ref_src=twsrc%5Etfw">#Cuba</a> de estar junto a la Revolución Bolivariana y Chavista.
&mdash; Miguel Díaz-Canel Bermúdez (@DiazCanelB) <a href="https://twitter.com/DiazCanelB/status/1817777032413004064?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
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In another post, Musk highlighted a post from End Wokeness, a popular page on X, which pointed out a significant difference between exit polls and the actual election outcome. Exit polls indicated Maduro&#8217;s lead of only 31% over the opposition, but the actual result was 51.2%, highlighting a fabrication in the election results. Musk quoted it, saying, &#8220;What a travesty.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What a travesty <a href="https://t.co/OOfhyXs4Y3">https://t.co/OOfhyXs4Y3</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1817790567989829826?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/07/39999519/trump-vs-harris-latest-survey-indicates-positive-signs-for-this-candidate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Latest Survey Indicates Positive Signs For This Candidate</a>
Why It Matters: The election in Venezuela has been closely watched by the international community. Just hours before the election, U.S. Vice President and presumptive Democratic nominee for the 2024 Presidential Elections, Kamala Harris, <a href="https://www.benzinga.com/news/24/07/40002632/kamala-harris-the-will-of-the-venezuelan-people-must-be-respected-as-socialist-nicol-s-maduro-faces">stressed the importance of respecting the will of the Venezuelan people</a>. Her comments came amid concerns about potential electoral fraud.
Maduro&#8217;s victory, despite the opposition&#8217;s allegations, is likely to further strain the already tense relations between Venezuela and the United States.
Read Next: <a href="https://www.benzinga.com/news/24/07/39999465/trump-raises-eyebrows-with-controversial-remark-at-florida-event-in-four-years-you-dont-have-to-vote?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Raises Eyebrows With Controversial Remark At Florida Event: &#8216;In Four Years, You Don&#8217;t Have To Vote Again&#8217;</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Politics

Global

Elon Musk Calls Venezuela Elections A 'Travesty' As Nicolas Maduro Wins Third Term Amid Fraud Allegations — Blinken Expresses 'Serious Concerns'

SVMH

Reported Friday, SRIVARU Receives Nasdaq Delisting Notification, Plans To Appeal Decision

Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;first iPhone 16 models <a href="https://www.benzinga.com/news/24/05/39060951/as-apples-iphone-16-launch-nears-report-says-more-than-half-of-worlds-smartphones-will-be-ai-capable">shipped&nbsp;to consumers</a> this year will&nbsp;possibly not include&nbsp;the new AI features and&nbsp;will&nbsp;require a software update weeks&nbsp;later.
What Happened: Apple plans to introduce&nbsp;Apple Intelligence to customers as&nbsp;part of software updates by October,&nbsp;a few <a href="https://www.benzinga.com/news/24/07/39768442/6-new-hidden-iphone-features-you-probably-havent-discovered-yet-on-ios-18">weeks after the initial</a> iOS 18 and iPadOS&nbsp;18 releases planned for September, <a href="https://www.bloomberg.com/news/articles/2024-07-28/apple-intelligence-to-miss-initial-release-of-upcoming-ios-18-ipados-overhauls?srnd=phx-technology">reported</a> Bloomberg, citing people with knowledge of the matter.
Apple intends&nbsp;to make Apple Intelligence available&nbsp;to software developers for early testing&nbsp;as soon as this week&nbsp;via iOS 18.1 and iPadOS&nbsp;18.1 betas. 
This approach is unusual for Apple, which typically does not&nbsp;release previews of follow-up updates&nbsp;until&nbsp;the initial version of the&nbsp;new software generation is publicly released.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39984404/apple-joins-meta-and-google-pledges-support-for-bidens-ai-regulations?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Joins Meta And Google, Pledges Support For Biden&#8217;s AI Regulations</a>
Apple&#8217;s decision to separate the AI&nbsp;features from the initial launch&nbsp;of&nbsp;iOS 18 and iPadOS 18&nbsp;was driven by concerns&nbsp;over the stability of Apple&nbsp;Intelligence features, the report noted.
The company requires&nbsp;support from developers to help&nbsp;resolve&nbsp;issues and test features on&nbsp;a larger scale. Even when Apple Intelligence launches&nbsp;with&nbsp;iOS 18.1 and iPadOS 18.1,&nbsp;it will be missing some&nbsp;features.
The company plans&nbsp;to roll out its full&nbsp;set of Apple Intelligence features&nbsp;via multiple updates to iOS&nbsp;18 across the end of&nbsp;2024 and through the first&nbsp;half of 2025, the report stated.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: <a href="https://www.benzinga.com/news/24/06/39256948/tim-cook-announces-apple-intelligence-for-iphones-calls-it-next-big-step-tremendously-excited">Apple Intelligence includes</a> a&nbsp;range of features, including prioritization&nbsp;of key notifications, web page, and voice note summaries, tools&nbsp;to improve writing, a revamp&nbsp;to Siri, and integration of&nbsp;OpenAI's ChatGPT.
Earlier this month,&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39669649/apples-path-to-4-trillion-iphone-16-ai-supercycle-sparks-analyst-optimism">analysts predicted</a>&nbsp;a potential &#8220;AI supercycle&#8221; for Apple, driven by the iPhone 16&#8217;s AI features. Reports last week revealed that <a href="https://www.benzinga.com/markets/equities/24/07/39954971/apple-drops-from-3rd-to-6th-in-china-amid-intensifying-competition-huawei-shipments-surge-41-in-">Apple&#8217;s market share in China</a>&nbsp;has been declining. 
The company&#8217;s latest ranking in the country has dropped from third to sixth place.
Meanwhile, previously it was also reported, that the Cupertino, California-based <a href="https://www.benzinga.com/news/24/07/39904665/apple-plans-a18-chip-integration-to-bring-ai-features-to-iphone-16-its-entry-level-variants-and-ipad">tech giant plans to integrate</a> its A18 chip into its upcoming entry-level iPhones and iPads to run Apple Intelligence.
Image Courtesy — Apple
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/07/39926002/after-donald-trumps-recent-taiwan-statement-sent-shockwaves-japans-pm-kishida-reveals-new-bill-to-bo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Donald Trump&#8217;s Recent Taiwan Statement Sent Shockwaves, Japan&#8217;s PM Kishida Reveals New Bill To Boost AI And Chipmaking With Domestic Investment</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

AAPL

First iPhone 16 Models May Not Have Apple Intelligence Features As Cupertino Delays AI Integration For iOS 18 Overhaul: Report

LUXH

Reported Friday, LuxUrban Hotels Prices Its ~$1.74M Public Offering Of 11,573,333 Common Shares At $0.15/Share

CTSH

Reported Sunday, Unitywater Taps Cognizant For ICT Support Managed Services For The Water Provider In Strategic Five-Year Deal

Dr Reddy's Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDY#NYSE">RDY</a>) reported quarterly earnings of ₹83.46 per share which beat the analyst consensus estimate of $76.83 by 8.63 percent. This is a 0.9 percent decrease over earnings of ₹84.22 per share from the same period last year. The company reported quarterly sales of ₹76.727 billion which beat the analyst consensus estimate of ₹72.830 billion by 5.35 percent. This is a 13.87 percent increase over sales of ₹67.384 billion the same period last year.

Earnings

Earnings Beats

Dr Reddy's Laboratories Q1 2025 GAAP EPS ₹83.46 Beats ₹76.83 Estimate, Sales ₹76.727B Beat ₹72.830B Estimate

Renowned economist Peter Schiff has taken a swipe at former President Donald Trump and MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder Michael Saylor&#8217;s &#8216;never sell your Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)&#8217; stance, questioning the logic behind the strategy.
What Happened: On Sunday, in a post on X, Schiff expressed skepticism towards the idea of retaining Bitcoin. He questioned the point of owning Bitcoin if no one ever sells it, comparing it to living in poverty while dying and holding a large amount of the cryptocurrency.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Both <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> and <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> say &quot;never sell your <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>.&quot; If that&#39;s true and no one who buys Bitcoin ever sells any, what&#39;s the point of owning it? What&#39;s the appeal of living in poverty, dying with a big stack of Bitcoin, with successive generations of heirs repeating the process?
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1817608449917694101?ref_src=twsrc%5Etfw">July 28, 2024</a></blockquote>
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In another post, he pointed out what he perceives as flawed logic in the argument that Bitcoin&#8217;s value will skyrocket due to the U.S. inflating away its national debt. Schiff argued that the U.S. government could buy Bitcoin now and sell it in 20 years to repay the National Debt without creating inflation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Noticed the flawed logic. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> will go to millions per token because the U.S. will have to inflate away it&#39;s exploding <a href="https://twitter.com/hashtag/NationalDebt?src=hash&amp;ref_src=twsrc%5Etfw">#NationalDebt</a>. But the U.S. government will buy Bitcoin now, then sell it in 20 years to legitimately repay the National Debt, without creating <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a>.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1817684801522147583?ref_src=twsrc%5Etfw">July 28, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39999062/benzinga-bulls-and-bears-tesla-amc-meta-and-crypto-analyst-predicts-dogecoin-will-follow-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">One Crypto Is Poised To Outperform Bitcoin, Says Crypto Expert</a>
Why It Matters: Schiff&#8217;s comments come in response to Trump&#8217;s <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">recent advocacy for a strategic national cryptocurrency stockpile.</a> During his keynote speech at the Bitcoin 2024 Conference, Trump assured that if he were to return to the presidency, the U.S. government would retain its Bitcoin holdings. 
The presidential nominee also stated that Bitcoin would <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40002734/trump-says-bitcoin-will-skyrocket-like-never-before-if-he-returns-to-the-white-house-promi">skyrocket like &#8220;never before&#8221; if he came back to power</a> and promised to fire current SEC Chair&nbsp;Gary Gensler&nbsp;on Day 1 of his tenure.
Michael Saylor was also one of the speakers at the conference and he stunned the cryptocurrency community by forecasting that the King Crypto would hit a staggering $13 million by 2045 in a base case scenario, and nearly $49 million in a bull case.
Price Action: At the time of writing, Bitcoin was trading at $68,693.74, up 0.89% 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>. Trump-themed Maga Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) was up 0.26%. Shares of MicroStrategy closed 9% higher at $1,752.71 during Friday's trading session.
Photo courtesy: Gage Skidmore on Flickr
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001633/scaramucci-i-agree-with-every-single-thing-trump-has-said-on-bitcoin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Scaramucci: &#8216;I Agree With Every Single Thing&#8217; Trump Has Said On Bitcoin</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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

Cryptocurrency

Markets

$BTC

$TRUMP

MSTR

Peter Schiff Confronts Donald Trump And Michael Saylor's 'Never Sell Your Bitcoin' Strategy: 'What's The Point Of Owning It?'

Outlook 
Philips reiterates its confidence in delivering the 2025 plan, acknowledging that uncertainties remain. For the full year 2024, Philips continues to expect 3-5% comparable sales growth, an Adjusted EBITA margin of 11-11.5%, and free cash flow of EUR 0.9-1.1 billion. 
The outlook excludes the potential impact of the ongoing Philips Respironics-related legal proceedings, including the investigation by the US Department of Justice

Guidance

Koninklijke Philips Reiterates 2024 Outlook: Continues To Expect 3-5% Comparable Sales Growth And Adjusted EBITA Margin Of 11-11.5%; Sees Free Cash Flow Of EUR 0.9B-1.1B

Koninklijke Philips Q2 Comparable Order Intake Grew 9% And 3% In H1 2024

Koninklijke Philips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) reported quarterly earnings of €0.30 per share which beat the analyst consensus estimate of €0.25 by 20 percent. This is a 11.11 percent increase over earnings of €0.27 per share from the same period last year. The company reported quarterly sales of €4.462 billion which beat the analyst consensus estimate of €4.430 billion by 0.72 percent. This is a 8.38 percent decrease over sales of €4.870 billion the same period last year.

Koninklijke Philips Q2 2024 Adj EPS €0.30 Beats €0.25 Estimate, Sales €4.462B Beat €4.430B Estimate

Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; has highlighted the <a href="https://www.benzinga.com/news/earnings/24/07/39993819/tech-stocks-slide-on-earnings-us-economy-flexes-muscles-small-cap-rally-continues-this-week-in-the-">upcoming earnings reports</a> from major tech companies as a critical turning point for the &#8220;great rotation&#8221; in the stock market.
What Happened: Cramer, in his recent <a href="https://www.cnbc.com/2024/07/28/jim-cramer-great-rotation-faces-big-test-with-big-tech-earnings.html">article</a>, pointed out that the upcoming earnings reports from tech giants like Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) will be a crucial test for the &#8220;great rotation&#8221; theory.
The &#8220;great rotation&#8221; refers to the movement of investors away from large-cap technology stocks and into small-cap stocks. This shift has been a significant trend in the stock market over the past few months.
Cramer emphasized that the market has been filled with speculative theories about the performance of these tech giants, but the upcoming earnings reports will provide the real facts.
He also noted that the recent earnings reports from Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) were met with disappointment, despite exceeding expectations. This, he suggests, is a sign that the market may not react as expected to the upcoming tech earnings.
&#8220;If the so-called "great rotation" out of megacap technology stocks into small caps that began earlier in July hadn't been at its zenith, I think both stocks would have rallied,&#8221; Cramer wrote. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39970069/investors-go-all-in-on-small-caps-pour-over-6-billion-into-russell-2000-etf-this-month-they-will?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They &#8216;Will Return To Larger-Cap Alternatives,&#8217; Veteran Analyst Says</a>
Why It Matters: The tech earnings season began with disappointments, as shares of the &#8220;Magnificent Seven&#8221; companies declined during the last trading week. Alphabet Inc. reported <a href="https://www.benzinga.com/news/earnings/24/07/39993819/tech-stocks-slide-on-earnings-us-economy-flexes-muscles-small-cap-rally-continues-this-week-in-the-">stronger-than-expected</a> earnings and revenue but missed analysts' targets on YouTube advertising revenue. 
This led to the worst week of the year for the Google parent company&#8217;s stock. Similarly, Tesla Inc. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39950739/tesla-apples-lackluster-reports-cause-hair-trigger-for-investors-to-rethink-tech-he">missed quarterly earnings</a> forecasts due to thinner profit margins impacted by lower vehicle prices and restructuring charges, causing shares to fall 12.3%.
As the second-quarter earnings season approaches, Amazon.com Inc., Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), and Alphabet Inc. are <a href="https://www.benzinga.com/news/large-cap/24/07/40001668/ford-stellantis-and-dell-are-among-top-12-large-cap-losers-last-week-july-21-july-27-are-the-other">emerging as standout picks</a>. JPMorgan analyst Doug Anmuth highlights these companies as top picks, despite the mixed performance of the internet sector so far this year.
Cathie Wood, the CEO of ARK Invest, has predicted a potential <a href="https://www.benzinga.com/markets/equities/24/07/39830547/why-cathie-wood-is-betting-on-small-cap-stocks-triumphing-over-magnificent-six-amid-restrictive-">shift in the equity market</a>, favoring small-cap stocks over large-cap tech companies. This forecast is based on the current "restrictive" monetary policy of the Federal Reserve, as outlined in a recent investor letter. 
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39984123/jim-cramer-is-mystified-by-five-below-predicts-crowdstrike-is-going-to-bottom-here?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Is &#8216;Mystified&#8217; By Five Below, Predicts CrowdStrike &#8216;Is Going To Bottom Here&#8217;</a>
Image Via Pixabay
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

AMZN

GOOG

GOOGL

MSFT

TSLA

UBER

Jim Cramer Says Tech Earnings Crucial Test For 'Great Rotation' Theory As Key Reports From Microsoft, Apple, Amazon, And Meta Loom On the Horizon

In an interesting turn of events, lesser-known Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-labeled coins outperformed the apex cryptocurrency in 24-hour gains.
What Happened: Bitcoin Cash spiked over 7% in the last 24 hours, becoming the market's second-best-performing cryptocurrency.&nbsp;
The $8-billion market cap coin soared to a one-month high, witnessing a 40% jump in trading volumes.&nbsp;
Meanwhile, Bitcoin SV lifted nearly 4% during the day, recovering the losses made during the past week.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:00 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>)</td>
<td>+7.72%</td>
<td>$426.48</td>
</tr>
<tr>
<td>Bitcoin SV (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BSV</a>)</td>
<td>+3.97%</td>
<td>$47.67</td>
</tr>
</tbody>
</table>
</figure>
Interestingly, King Crypto remained <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40002999/bitcoin-ethereum-dogecoin-move-sideways-as-trump-raises-pro-crypto-pitch-why-does-this-ana">little changed</a> over the day, rising just 0.87% over the last 24 hours even as Trump announced that he would sack SEC Chair Gary Gensler, viewed by some as hostile to the cause of cryptocurrencies, on Day 1 of entering office. "I will appoint a new SEC chairman who believes America should build the future and not block the future."
Bitcoin Cash is a result of a hard fork of the original Bitcoin blockchain in 2017 due to differences in the community over proposed upgrades. A year later, Bitcoin Cash underwent its own fork, leading to the creation of Bitcoin SV.
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/24/07/40002734/trump-says-bitcoin-will-skyrocket-like-never-before-if-he-returns-to-the-white-house-promi">Trump Says Bitcoin Will &#8216;Skyrocket Like Never Before&#8217; If He Returns To The White House, Promises To Fire SEC Chair Gary Gensler On Day 1</a>
Why It Matters: The surge in value of these Bitcoin spinoffs highlights investors&#8217; growing interest, particularly among retail traders, in more affordable alternatives.
Bitcoin is one of the most expensive assets to purchase, with one unit priced at nearly $70,000 as of this writing. The high price makes owning one full Bitcoin a bit difficult though investors can always get exposure by making fractional purchases.
However, hard forks of the cryptocurrency, such as Bitcoin Cash, are priced much less in comparison, making them attractive buys, as they are viewed as cheaper plays by some investors.
The interest in Bitcoin is high after former President Donald Trump announced big plans for the digital asset, including <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">a push for a national Bitcoin stockpile for the U.S</a>.

Price Action: At the time of writing, Bitcoin was trading at $68,693.74, up 0.89% 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>. Trump-themed Maga Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) was up 0.26%.
Photo by Igor Faun on Shutterstock
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40002999/bitcoin-ethereum-dogecoin-move-sideways-as-trump-raises-pro-crypto-pitch-why-does-this-ana">Bitcoin, Ethereum, Dogecoin Move Sideways As Trump Raises Pro-Crypto Pitch &#8211; Why Does This Analyst Think Longing King Crypto Could Soon Be A Good Option?</a></li>
</ul>

Movers

Trading Ideas

$BCH

$BSV

Bitcoin Cash And Bitcoin SV Outpace King Crypto With 24-Hour Gains: What's Happening With These Spin-Offs?

The Marvel Entertainment and Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) collaboration, &#8220;Deadpool &amp; Wolverine,&#8221; has set new records at the box office, grossing over $438.3 million worldwide in its opening weekend.
What Happened: The film&#8217;s international earnings were $233.3 million, while domestic earnings hit $205 million, making it the largest R-rated opening ever, both domestically and globally, <a href="https://deadline.com/2024/07/deadpool-wolverine-global-international-box-office-1236023236/">reported</a> Deadline on Sunday.
The success of &#8220;Deadpool &amp; Wolverine&#8221; has propelled the Marvel Cinematic Universe&#8217;s (MCU) total worldwide earnings beyond the $30 billion mark. The film, featuring Ryan Reynolds and Hugh Jackman, topped the charts in all markets where it was released.
See Also: <a href="https://www.benzinga.com/news/24/07/40000541/apples-market-share-drops-in-china-a18-chip-integration-to-bring-ai-features-to-iphone-16-and-more-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s Market Share Drops In China, A18 Chip Integration To Bring AI Features To iPhone 16 And More: This Week In Appleverse</a>
In several markets, including Germany, the U.K., Australia, the Netherlands, Hong Kong, and Taiwan, &#8220;Deadpool &amp; Wolverine&#8221; had the biggest opening weekend of 2024. 
The film grossed $94.5 million across Europe, marking the best start ever for a U.S. R-rated movie in the region, the report noted.
In the Asia-Pacific region (excluding China), the film earned $60.1 million. In China, the film&#8217;s opening was estimated at $24 million. Latin America saw earnings of $54.7 million, making it the second-highest opening weekend in 2024 across the region.
The film also performed well in Imax Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>), with a global haul of $36.5 million, marking the eighth biggest for the format ever and the best for July as well as for an R-rated title. 
Imax CEO Rich Gelfond commented on the film&#8217;s success, stating, &#8220;Deadpool &amp; Wolverine delivered one of the biggest Imax opening weekends of all time.&#8221;
Why It Matters: The film&#8217;s record-breaking performance <a href="https://www.benzinga.com/news/24/07/39991247/disney-amc-and-imax-stocks-surge-after-deadpool-wolverine-breaks-box-office-records">had a positive impact on the stocks</a> of Walt Disney, AMC Entertainment Holdings, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), and Imax, as they all experienced a surge following the box office reports. 
The film&#8217;s success was anticipated, <a href="https://www.benzinga.com/general/entertainment/24/02/37147153/deadpool-3-trailer-breaks-records-thanks-to-super-bowl-could-the-movie-become-highest-gross">as its trailer</a>, released during Super Bowl LVIII, had already broken records, hinting at the film&#8217;s potential to become the highest-grossing R-rated movie.
Price Actions: On Friday, DIS shares rose by 0.81% to $89.93. AMC increased by 0.78% to $5.18, and IMAX climbed by 3.56% to $20.09. While DIS shares dropped slightly and Imax saw no change, AMC shares increased further during the after-hours session reaching $5.19, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

IMAX

Ryan Reynolds, Hugh Jackman Starrer 'Deadpool & Wolverine' Breaks Box Office Records, Rakes In Over $438M For Disney's Marvel At Global Opening

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is reportedly aiming to produce 2.77 million vehicles by 2025, a 50% <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39563174/tesla-rises-ahead-of-crucial-q2-deliveries-rivian-affirms-goal-after-volkswagen-dea">increase from its 2023 production</a>. This ambitious target includes the launch of new affordable models, according to Future Fund Managing Partner Gary Black.
What Happened: Black, a prominent Tesla analyst, shared this insight on social media platform X on Sunday. He also noted that the company&#8217;s current installed capacity stands at 2.35 million units, which includes the new affordable Tesla vehicles set for delivery in the first half of 2025.
Tesla&#8217;s management has indicated a &#8220;current expected maximum capacity of close to 3 million vehicles,&#8221; including the new affordable models, which will be produced on the same manufacturing lines as the current vehicle lineup.
Black also suggested that the market is underestimating Tesla&#8217;s Total Addressable Market (TAM) expansion into the $30,000 segment. The Street is currently expecting 2025 deliveries of just 2.07 million and 2025 production of 2.073 million.
&#8220;As we saw with the introduction of Model Y in 2020, there is little cannibalization of other models when Tesla enters a new category &#8211; here the $30K affordable luxury segment,&#8221; Black wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As pointed out by <a href="https://twitter.com/thejefflutz?ref_src=twsrc%5Etfw">@thejefflutz</a>, <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> may be targeting production of around 2,770K units (+50% above 2023 production of 1,846K), vs 2,350K current installed capacity today, including new affordable TSLA vehicles, scheduled for first deliveries in 2025/1H. Mgmt indicated in the 2Q… <a href="https://t.co/uhviu6tOVN">pic.twitter.com/uhviu6tOVN</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1817685915340615734?ref_src=twsrc%5Etfw">July 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39997974/anthony-scaramucci-tim-scott-weigh-in-ahead-of-ex-presidents-address-at-bitcoin-2024-confe?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci, Tim Scott Weigh In Ahead Of Ex-President&#8217;s Address At Bitcoin 2024 Conference: &#8216;Trump&#8217;s Move To Court Bitcoin And Towards Crypto Assets Has Shaken The Democrats At Core&#8217;</a>
Why It Matters: Tesla&#8217;s ambitious production targets come amid a series of significant developments for the company. Last week, Tesla&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39953019/teslas-q2-earnings-lacked-in-analytical-rigor-and-strategic-direction-says-top-anal">second-quarter earnings</a> were scrutinized by Black, who criticized the lack of analytical rigor and strategic direction. Black called for a clearer strategy on margin stabilization, marketing, and the rollout of Full Self-Driving features. 
Earlier in July, Tesla <a href="https://www.benzinga.com/markets/equities/24/07/39595720/tesla-deliveries-fall-for-second-straight-quarter-but-stock-takes-off-as-q2-numbers-exceed-expec">reported second-quarter deliveries</a> that exceeded expectations despite a decline from the previous year. This positive reaction from the market highlighted the company&#8217;s resilience. However, some experts had predicted lower deliveries than analysts&#8217; expectations, citing <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39583595/exclusive-tesla-delivery-prediction-expert-expects-lower-deliveries-than-analysts-s">concerns about the recovery</a> in China.
Additionally, Tesla&#8217;s <a href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l">second-quarter earnings report</a> revealed a revenue beat but an EPS miss, with the company noting that its 2024 growth rate would be notably lower than in 2023. 
Price Action: Tesla stock closed at $219.80, down 0.20% today. In after-hours trading, the stock rose 0.43%. Year to date, Tesla&#8217;s stock has decreased by $28.62, or 11.52%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39979140/dogecoin-killer-shiba-inu-sees-76-surge-in-q2-orders-on-crypto-payments-platform-coingate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Sees 76% Surge In Q2 Orders On Crypto Payments Platform CoinGate</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Tesla's Production Aspirations Underscored By Gary Black: 2.77M Vehicles By 2025 — Major Entry Into $30K Segment 'Significantly Underestimated By The Street'

Billionaire business magnate Mark Cuban has declared his willingness to gamble on whether former President Donald Trump will exhibit a &#8220;belly laugh&#8221; before the forthcoming election.
What Happened: Cuban, a vocal critic of Trump, took to social media to suggest a bet on Trump&#8217;s laughter on the cryptocurrency-based prediction market, Polymarket. The discussion was initiated by Minnesota Governor Tim Walz&nbsp;(D), who offered to buy Trump a diet dew if he laughed in public once.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">. <a href="https://twitter.com/NTmoney?ref_src=twsrc%5Etfw">@NTmoney</a> can we get a money line on <a href="https://twitter.com/Polymarket?ref_src=twsrc%5Etfw">@Polymarket</a> if Trump belly laughs prior to the election ? I'll take the under 1 belly laugh. <a href="https://twitter.com/PreetBharara?ref_src=twsrc%5Etfw">@PreetBharara</a> You in ? <a href="https://twitter.com/Scaramucci?ref_src=twsrc%5Etfw">@Scaramucci</a> ? <a href="https://twitter.com/JDVance?ref_src=twsrc%5Etfw">@JDVance</a> ? <a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw">@KamalaHarris</a> <a href="https://t.co/J0AyePc4R8">https://t.co/J0AyePc4R8</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1817643399996166365?ref_src=twsrc%5Etfw">July 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Shorty after, Cuban tagged Nick Tomaino, a known cryptocurrency venture capitalist, along with Trump-era White House official Anthony Scaramucci, former U.S. Attorney&nbsp;Preet Bharara, and even Vice President Kamala Harris, and Trump&#8217;s running mate, Sen.&nbsp;J.D. Vance&nbsp;(R-Ohio), if they are down to bet on Trump&#8217;s &#8220;belly laugh&#8221; before the election. 
&#8220;I'll take the under 1 belly laugh,&#8221; the billionaire announced. Reacting to the conversation, Polymarket replied, &#8220;You got it boss.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001045/german-lawmaker-joana-cotar-calls-50k-bitcoin-sale-by-her-nation-a-monumental-missed-oppor">German Lawmaker Joana Cotar Calls 50K Bitcoin Sale By Her Nation A &#8216;Monumental Missed Opportunity,&#8217; Says Holding King Crypto As &#8216;Strategic Reserve&#8217; Could Reduce US Dollar Dependence</a>
Why It Matters: The cheeky dig by Cuban was <a href="https://www.benzinga.com/markets/cannabis/24/07/40001997/kamala-harriss-hearty-laugh-why-does-it-bother-donald-trump-and-his-followers-so-much">aimed at Trump who recently made fun of Harris&#8217; hearty laughter </a>at a public rally. 
&#8220;I call her Laughing Kamala. You ever watch her laugh?… She&#8217;s crazy. She&#8217;s nuts,&#8221; the former president said.&nbsp;
While Cuban&#8217;s proposed bet could sound frivolous, Polymarket, which is built atop Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) Layer-2 chain Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>), has rapidly emerged as one of the world's top prediction markets for U.S. elections over the last few months. Users can buy or sell outcome shares, which can be redeemed for $1 if the outcome is correct, and become worthless if it&#8217;s incorrect.
As of this writing, <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1722221856781">odds </a>in favor of a Trump&#8217;s win in elections later this year is 60% on the platform, compared to 38% for Harris.
Image via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

$ETH

$MATIC

Mark Cuban Ready To Bet On Ethereum-Based Polymarket About Trump's Chances Of Doing A Great Big 'Belly Laugh', Asks JD Vance If He's 'In'

In a recent development, Transportation Secretary Pete Buttigieg has voiced concerns about the age and mental sharpness of Republican presidential nominee Donald Trump, placing him in contrast to Democratic nominee Kamala Harris. This follows the withdrawal of Joe Biden from the presidential race.
What Happened: Buttigieg, during his appearance on &#8220;Fox News Sunday,&#8221; suggested that Trump, currently the oldest presidential nominee in U.S. history, would have preferred to compete against Biden. He indicated that voters are apprehensive about Trump&#8217;s age and mental acuity, particularly when compared to Harris, who is almost 20 years younger, <a href="https://www.politico.com/news/2024/07/28/buttigieg-voters-trump-age-00171533">reported</a> Politico.
&#8220;I'm pretty sure voters are worried about the age and acuity of President Trump compared to Kamala Harris,&#8221; said Buttigieg.
Buttigieg also took a jab at the &#8220;personality cult&#8221; surrounding Trump, criticizing his long-winded speeches and the GOP&#8217;s depiction of him as a strong leader. He commended Biden&#8217;s choice to step down from the race, calling it an &#8220;extraordinary, historic, selfless choice.&#8221;
Trump&#8217;s campaign defended the former president, with Communications Director Steven Cheung stating that Trump has &#8220;more energy and stamina than anyone in politics.&#8221; Cheung also took a swipe at Buttigieg&#8217;s performance in the 2020 Democratic primary.
See Also: <a href="https://www.benzinga.com/news/24/07/39996908/trump-vs-harris-new-poll-shows-ex-president-leading-democratic-candidate-by-a-narrow-margin-but-vice?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: New Poll Shows Ex-President Leading Democratic Candidate By A Narrow Margin, But Vice President&#8217;s Favorability Is Faring Better Than Biden</a>
The Democratic Party has rallied around Harris, who has managed to close Biden&#8217;s polling gap with Trump. She is currently outperforming Biden among independents, people of color, women, and voters under 35.
Buttigieg, rumored to be a potential vice presidential contender for Harris, has been actively campaigning and praising the Harris campaign, while criticizing Trump and his running mate, JD Vance.
Why It Matters Following Biden&#8217;s decision to withdraw from the 2024 presidential race, Harris has secured <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39919247/who-will-kamala-harris-pick-for-vice-president-crypto-bettors-have-4-favorites-for-democra">enough delegates</a> to win the party&#8217;s nomination, setting up a direct battle against Trump in the 2024 election.
Recent polls show a close race, with Trump leading Harris by a narrow margin. However, Harris&#8217;s <a href="https://www.benzinga.com/news/24/07/39996908/trump-vs-harris-new-poll-shows-ex-president-leading-democratic-candidate-by-a-narrow-margin-but-vicehttps://www.benzinga.com/general/politics/24/07/39920146/harris-vs-trump-vice-president-trails-former-president-by-2-points-gains-independent-voters-59-o">favorability among registered voters</a> has seen a significant rise, jumping 11 points to 46%.
As Harris prepares to select a vice-presidential candidate, Buttigieg is seen as a potential pick, tying for <a href="https://www.benzinga.com/news/24/07/40002910/mark-kelly-favored-by-voters-as-vp-pick-for-kamala-harris-shows-poll-shapiro-beshear-buttigieg-tied">second place</a> in favorability ratings among potential Democratic VP candidates, according to a new poll.
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<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39998398/kamala-harris-admits-i-inhaled-marijuana-and-now-pushes-for-legalization-what-this-means-for-202?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Admits &#8216;I Inhaled&#8217; Marijuana And Now Pushes For Legalization: What This Means For 2024 Elections</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Potential Kamala Harris VP Pick Pete Buttigieg Says 'Voters Are Worried About Age And Acuity Of President Trump'

As Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) -owned YouTube&#8217;s contentious policy change on gun-related content sparks concerns, actor James Woods has publicly praised&nbsp;Elon Musk&nbsp;for his <a href="https://www.benzinga.com/news/24/05/39113352/elon-musks-44b-twitter-purchase-saved-american-free-speech-says-patrick-bet-david-you-have-to-give-c">commitment to free speech</a>.
What Happened: Woods, renowned for his powerful performances in film and theatre, took to X, formerly Twitter, on Sunday, and said, &#8220;This makes me appreciate Elon Musk even more&#8230;&nbsp;He is a champion of&nbsp;free speech.&#8221;
He went on to add, &#8220;The other&nbsp;platforms are sadly squeezing the&nbsp;life out of social communication&nbsp;more and more every day.&#8221; Woods&#8217; positive words for Musk came despite being blocked by him on the social media platform.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39984404/apple-joins-meta-and-google-pledges-support-for-bidens-ai-regulations?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Joins Meta And Google, Pledges Support For Biden&#8217;s AI Regulations</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This makes me appreciate <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> even more. And I say this even though he blocks me. He is a champion of free speech, while the other platforms are sadly squeezing the life out of social communication more and more every day. Sadly he'll never see this, but bravo, sir. <a href="https://t.co/IHJKGIdKKA">https://t.co/IHJKGIdKKA</a>
&mdash; James Woods (@RealJamesWoods) <a href="https://twitter.com/RealJamesWoods/status/1817675395388637528?ref_src=twsrc%5Etfw">July 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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YouTube&#8217;s latest policy changes concerning the sale and promotion of firearms, took effect on June 18, 2024. The policy has raised concerns among YouTubers who focus on firearms content, including the popular YouTube channel hickok45, run by Greg and his son John.
In a video titled &#8220;Bad News,&#8221; which was posted earlier this month, the pair disclosed that their channel was in danger of being shut down due to the policy changes. 
&#8220;Essentially the new policy&#8230;&nbsp;is that all sponsorships from&nbsp;companies that are either firearms&nbsp;companies or companies that deal&nbsp;in firearms accessories are a&nbsp;complete violation of YouTube&#8217;s policies,&#8221; John explained.
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.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Bad News" width="500" height="281" src="https://www.youtube.com/embed/-KWxaOmVNBE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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YouTube&#8217;s new &#8220;Firearms policy&#8221; bans content&nbsp;intended to sell firearms, instruct&nbsp;viewers on how to make&nbsp;firearms, ammunition, and certain accessories,&nbsp;or&nbsp;instruct viewers on how to&nbsp;install those accessories.
Why It Matters: Last year in August, <a href="https://www.benzinga.com/news/23/08/33955905/elon-musk-tells-james-wood-to-delete-your-account-after-actor-calls-x-com-owner-a-greedy-capitalist">Musk removed the &#8220;block&#8221; feature</a> from X, sparking a heated exchange with Woods, who voiced concerns about the impact on users willing to share their real identities.
The tech billionaire later blocked the &#8220;Vampires&#8221; actor amid his crusade against &#8220;people who complain that blocking is going away.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm having a good time blocking people who complain that blocking is going away &#x1f602;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1693218807160934400?ref_src=twsrc%5Etfw">August 20, 2023</a></blockquote>
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Meanwhile, Musk&#8217;s statements about free speech have been a recurring theme. Last month, after his social media platform emerged victorious in a legal battle with the Australian government, <a href="https://www.benzinga.com/news/24/06/39184541/elon-musk-says-freedom-of-speech-is-worth-fighting-for-after-australia-drops-legal-battle-against-x">the tech mogul said</a>, &#8220;Freedom of speech is worth fighting for.&#8221;
This month, Musk revealed that the European Commission had offered X an <a href="https://www.benzinga.com/news/24/07/39759841/elon-musk-reveals-european-commission-offered-x-illegal-secret-deal-to-censor-free-speech-as-thierry">&#8220;illegal secret deal&#8221;</a> to censor free speech. His statement came after Thierry Breton accused blue checkmarks saying they deceive users.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Bart Sherkow On Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Elon Musk Blocked 'Vampires' Fame James Wood For Slamming His Blocking Ban, Now The Actor Can't Stop Singing Praises Of The X Owner: 'He Is A Champion Of Free Speech'

Gold has emerged as the top choice for investors looking to hedge their portfolios in the event of a potential second term for Donald Trump.
What Happened: The precious metal has been identified as the best hedge against a possible Trump presidency, according to a Bloomberg Markets Live Pulse survey. The <a href="https://www.bloomberg.com/news/articles/2024-07-29/gold-is-the-besttrump-trade-survey-shows">survey</a>, conducted from Jul. 22 to Jul. 26, included 480 respondents.
Over 60% of the participants believe that the U.S. dollar would weaken if Trump secures another term. This view is supported by the historical performance of the dollar, which slid over 10% while the price of gold surged over 50% during Trump&#8217;s previous tenure.
Trump&#8217;s proposed policies, such as tax cuts, tariffs, and reduced regulations, are seen as inflationary by Wall Street and could potentially prompt the Federal Reserve to raise interest rates. A Republican victory in the November elections, granting Trump more leeway to implement his economic policies, could further drive up gold prices.
JPMorgan Chase &amp; Co. analyst Gregory Shearer noted that geopolitical tensions, the growing U.S. deficit, and inflation hedging have driven gold prices higher. These factors could be magnified under a Trump presidency or a Republican-controlled Congress.
Survey respondents echoed this sentiment, with one stating, "All I can see are severe disruptions to markets and trade, and rapid increases" in the U.S. national debt.
"When the US is creating its own risk premium due to a potentially disorderly election, the fiscal implications of a Trump presidency, that makes the dollar in 2025 a risk," said Kathleen Brooks, research director at XTB.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39999062/benzinga-bulls-and-bears-tesla-amc-meta-and-crypto-analyst-predicts-dogecoin-will-follow-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, AMC, Meta And Crypto Analyst Predicts Dogecoin Will Follow Historical Pattern: Benzinga Bulls And Bears</a>
Why It Matters: The 2024 presidential race has been thrown into uncertainty following President Joe Biden's decision to step down, endorsing Vice President Kamala Harris. This has led to speculation about the future of the "Trump trade," a term referring to market strategies that would benefit from a <a href="https://www.benzinga.com/news/24/07/39883677/investors-anticipate-unraveling-of-trump-trade-as-biden-exits-presidential-race-but-analyst-says-its">potential Trump return</a> to the White House.
Former President Trump has criticized the current <a href="https://www.benzinga.com/markets/equities/23/12/36279965/trump-says-record-high-stock-market-just-making-rich-people-richer-blasts-bidens-inflation-catas">economic state under Biden</a>, blaming the administration for inflation issues and claiming that the stock market is only enriching the wealthy.
With the upcoming election, defense stocks are also <a href="https://www.benzinga.com/24/07/39987732/harris-or-trump-defense-stocks-are-winning-tech-battle-personal-income-drops-trump-crypto-push">seeing significant attention</a>, as investors weigh the potential impacts of a Harris or Trump presidency on various sectors.
Price Action: Gold Spot prices rose by 0.23% to $2,392.61, reflecting an increase of $5.54. Meanwhile, the U.S. Dollar Index saw a slight decline on Friday&#8217;s market close, dropping 0.11% to $104.20, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39979140/dogecoin-killer-shiba-inu-sees-76-surge-in-q2-orders-on-crypto-payments-platform-coingate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Sees 76% Surge In Q2 Orders On Crypto Payments Platform CoinGate</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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