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Leafly Hires Rebecca Warner As VP Of Sales

The cannabis information platform Leafly Holdings, Inc. said Wednesday that it has hired Rebecca Warner to serve as senior vice president of sales.

Cannabis Movers &amp; Shakers: Leafly, Origin Therapeutics, ECGI Holdings, 22nd Century Group

Will These Penny Stocks Perform Before The Weekend?

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Freeman Gold Corp

In a recent fireside chat hosted by <a href="https://www.benzinga.com/topic/pablo-zuanic">Pablo Zuanic</a>, senior equity analyst, former U.S. Rep&nbsp;Ed Perlmutter shared his insights on the evolving cannabis landscape. 
With Congress grappling with cannabis rescheduling and banking reforms, Perlmutter&#39;s insider knowledge offers a crucial perspective for <a href="https://www.benzinga.com/cannabis">cannabis investors</a>.
&quot;When I first introduced this in 2013-2014, I had to deal with the chuckle factor,&quot; said&nbsp;Perlmutter, often hailed as the founding father&nbsp;of the SAFE Banking Bill.
The recent passage of a modified version, SAFER, in the Senate Banking Committee marks progress, yet the path forward remains uncertain. &quot;We&#39;re in campaign season now,&quot; Perlmutter warned, underscoring the time constraints.
<h3>Rescheduling And Political Landscape</h3>
During the chat, Perlmutter delved into the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39912859/as-election-buzz-swirls-around-biden-and-harris-dea-comment-period-ends-whats-next-">intricate process of cannabis rescheduling</a> initiated by President Joe Biden. The administrative procedure, bound by the Administrative Procedures Act, involves specific steps and timelines for public comment and hearings.
Perlmutter expressed optimism about Vice President Kamala Harris potentially taking the helm. Her prior sponsorship of the SAFE Banking Bill signals a strong understanding and support for cannabis reforms.
However, the upcoming elections introduce uncertainty. Perlmutter outlined a scenario where the current administration&#39;s initiatives might face challenges depending on the election outcomes.
He also highlighted the role of key players in Congress, such as Senate Majority Leader Chuck Schumer&nbsp;whose&nbsp;efforts to integrate cannabis reforms into broader legislative packages, such as the National Defense Authorization Act (NDAA) or a financial services bill&nbsp;could be pivotal. &quot;If he just brought it to the floor, it would pass,&quot; Perlmutter said, reflecting on the strategic legislative maneuvers necessary to secure passage.
Perlmutter discussed the potential impact of a GOP victory, suggesting it could stall or reverse progress on cannabis reforms. He noted that if Republicans take the White House, there could be a shift in priorities away from cannabis legislation.
Also read:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/39946113/gop-attor-ney-gen-er-al-in-texas-loses-legal-battle-against-towns-with-decriminalized-cannabis-i">GOP Attor&shy;ney Gen&shy;er&shy;al In Texas Loses Legal Battle Against Towns With Decriminalized Cannabis, Insists They&#39;re &#39;Run By Pro-Crime Extremists&#39;</a>
<h3>The Road Ahead</h3>
Perlmutter remains optimistic about cannabis banking reform, possibly
through a larger financial services bill incorporating cryptocurrency regulations. &quot;There is a lot of discussion...where [banking reform]&nbsp;would be added to a financial services piece of legislation,&quot; he said.
Although cannabis rescheduling is in motion under the Administrative Procedures Act, the primary focus for Democrats would be winning the elections. He indicated that VP&nbsp;Harris and her potential running mate would prioritize election efforts, pointing out&nbsp;that<a href="https://www.benzinga.com/markets/cannabis/24/07/39920347/dallas-cannabis-reform-ballot-is-a-go-decriminalization-in-november-elections-would-allow-up-to-"> cannabis policy</a> is a crucial issue for many voters, enhancing its role in any forthcoming campaign strategy.
The methodical approach taken by the Biden administration ponders the question of whether rescheduling can happen in time or not. Perlmutter acknowledged the complexity of the situation.&nbsp;&quot;From the White House&#39;s point of view and the HHS, they&#39;ve done what they could do.&quot; He explained that the next phases are dictated by the Administrative Procedures Act, which requires specific timeframes for comments and hearings.
<h3>What If?</h3>
Perlmutter suggested a nuanced approach to cannabis policy even under <a href="https://www.benzinga.com/markets/cannabis/24/07/39964922/ron-desantis-says-florida-supreme-court-should-not-have-allowed-cannabis-legalization-initiative">conservative leadership</a>. Discussing the hypothetical scenario of a Trump presidency, Perlmutter pointed out that despite Jeff Sessions rescinding the Cole Memo, the FinCEN guidance remained intact. &quot;The president could have said to Secretary Mnuchin, let&#39;s get rid of the FinCEN guidance. And he didn&#39;t.&quot;&nbsp;
Regarding the future, Perlmutter expressed cautious optimism.&nbsp;&quot;The clock is ticking, no question about it. But at least it&#39;s ticking.&quot; He highlighted that despite the lengthy process, the momentum towards rescheduling is significant and unprecedented in over five decades.
Find the complete conversation <a href="https://www.youtube.com/@ZuanicAssociates">here</a>.&nbsp;
Read next:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/39908764/harris-vs-trump-will-cannabis-rescheduling-survive-bidens-exit-analyst-on-potential-gop-victory">Harris Vs. Trump: Will Cannabis Rescheduling Survive Biden&#39;s Exit? Analyst On Potential GOP Victory</a>
These issues will be among the hot topics at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. Join us to get more insight into what the wave of weed legalization means for the future of investing in the&nbsp;industry. Hear directly from top executives, investors, advocates, and policymakers.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">Get your tickets now</a>&nbsp;before prices go up by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">this link</a>.
Photo: AI-generated image.&nbsp;

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'The Clock Is Ticking' For Cannabis Rescheduling, Says Former Congressman Ed Perlmutter

Vice President Kamala Harris is making headlines as she prepares to become the Democratic nominee for president in the <a href="https://www.benzinga.com/topic/2024-election">2024 election</a> after President Joe Biden <a href="https://www.benzinga.com/markets/cannabis/24/07/39874209/joe-biden-drops-out-what-would-happen-with-cannabis-legalization-under-kamala-harris-or-donald-t">opted not to seek reelection.</a>
If Harris secures the Democratic nomination and wins the presidency, she would make history as the first major party presidential nominee to fully support marijuana legalization.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39912303/kamala-harris-prospective-vp-picks-all-seem-to-support-cannabis-legalization-5-names-in-the-mix">Kamala Harris&#8217; Prospective VP Picks All Seem To Support Cannabis Legalization: 6 Names In The Mix</a>
Harris even admitted to having smoked marijuana in college. In a 2019 interview on the popular morning radio show, The Breakfast Club, Harris candidly discussed her personal experience with cannabis.
When asked by host Charlamagne tha God if she had ever smoked marijuana, Harris responded with a laugh: &#8220;I have. And I inhaled. I did inhale,&#8221; she said, taking a lighthearted jab at former President Bill Clinton's claim that he smoked but didn't inhale. 
&#8220;It was a long time ago but yes,&#8221; she added. &#8220;I just broke news.&#8221;
In that prominent interview, Harris also disputed reports that she doesn&#8217;t support legalizing marijuana: &#8220;That&#8217;s not true. I think that it gives a lot of people joy and we need more joy.&#8221;
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<h3 class="wp-block-heading">A Strong Supporter Of Marijuana Legalization</h3>
Harris has consistently advocated for cannabis legalization throughout her political career, with her stance <a href="https://www.benzinga.com/markets/cannabis/24/07/39890659/kamala-harris-u-turn-on-cannabis-heres-where-she-stands-on-weed-legalization-now">evolving significantly over time.</a> Initially, as the District Attorney of San Francisco, she opposed California&#8217;s Proposition 19 in 2010, which sought to legalize marijuana.
However, her position began to shift during her tenure as a U.S. Senator and Vice President.
Key moments of her advocacy include:
<ul>
<li>2015: Harris called for an end to the federal ban on medical marijuana during the Democratic State Convention.</li>
<li>2018: She co-sponsored the Marijuana Justice Act, aimed at legalizing marijuana at the federal level and addressing racial disparities in cannabis-related arrests.</li>
<li>2019: During an interview, she publicly supported cannabis legalization and shared her own experiences with marijuana.</li>
<li>2020: Harris's presidential campaign emphasized her commitment to cannabis reform, including the expungement of nonviolent marijuana-related offenses.</li>
<li>2024: As recently as March, she reiterated her call for legalization during discussions with marijuana pardon recipients, framing it as a critical issue of criminal justice reform.</li>
</ul>
In addition to her public support for the Marijuana Justice Act, Harris has advocated for broader marijuana reform in her book, &#8220;The Truths We Hold: An American Journey.&#8221; She has called for the legalization of marijuana and the expungement of past marijuana-related offenses from individuals' records.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39212969/kamala-harris-gets-her-own-cannabis-strain-kamala-kush-whether-she-likes-it-or-not-watch-jimmy-k">Kamala Harris Gets Her Own Cannabis Strain &#8216;Kamala Kush&#8217; Whether She Likes It Or Not: Watch Jimmy Kimmel Break The News To Her</a></li>
</ul>

Kamala Harris Admits 'I Inhaled' Marijuana And Now Pushes For Legalization: What This Means For 2024 Elections

IAC chairman Barry Diller&nbsp;on Friday praised Vice President Kamala Harris while recounting what happened after President Joe Biden last week <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39885549/biden-withdraws-from-2024-race-what-that-means-for-solana-etf-prospects">decided to exit</a> the 2024 presidential race.
What Happened: While appearing on CNBC, Diller said he was impressed by Harris&#8217;s quick mobilization of her team following Biden&#8217;s decision not to run for re-election.
&#8220;Within&nbsp;a millisecond of Biden telling&nbsp;her I&#8217;m not going, she&nbsp;mobilized her forces and within&nbsp;12 hours, she shut everyone&nbsp;else down,&#8221; he said.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39948413/trump-era-white-house-official-anthony-scaramucci-says-kamala-harris-is-capable-and-has-a-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Era White House Official Anthony Scaramucci Says Kamala Harris Is Capable And Has A Great Team: &#8216;Look Forward To Seeing Her Policies On Crypto&#8217;</a>
The media mogul said he initially hoped for an open convention, where multiple candidates, including Harris, would compete, creating a vibrant democratic process. 
However, he recognized Harris&#8217;s confidence and organizational skills in securing endorsements and eliminating competition.
&#8220;It was her. She organized the endorsements leading with the Clintons and everybody else,&#8221; Diller added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;Do not discount Kamala Harris,&quot; says IAC Chairman Barry Diller. &quot;Because within a millisecond of Biden telling her I&#39;m not going, she mobilized her forces and within 12 hours, she shut everyone else down.&quot; <a href="https://t.co/Hsb02gwTHR">pic.twitter.com/Hsb02gwTHR</a>
&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1816835497706070510?ref_src=twsrc%5Etfw">July 26, 2024</a></blockquote>
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Why It Matters: A <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">poll conducted by The Wall Street Journal</a>, results of which were made public on Friday, showed former President Donald Trump leading Harris by a narrow margin. Moreover, Harris&#8217;s favorability among registered voters was on the rise.
Another report from the same day highlighted <a href="https://www.benzinga.com/general/politics/24/07/39973800/trump-vs-harris-vice-president-gains-ground-lost-by-joe-biden-in-swing-states">Harris&#8217;s growing support in swing states</a> compared to where the President stood earlier this month.
Meanwhile, there&#8217;s also speculation about whether <a href="https://www.benzinga.com/news/24/07/39979544/can-trump-replace-jd-vance-amid-kamala-harris-picking-pace-experts-warn-that-could-be-extraordinaril">Trump might replace his</a> vice presidential candidate, Sen. J.D. Vance (R-Ohio), due to his underwhelming polling. This is in the wake of Harris gaining momentum.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39964922/ron-desantis-says-florida-supreme-court-should-not-have-allowed-cannabis-legalization-initiative?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ron DeSantis Says Florida Supreme Court Should &#8216;Not Have Allowed&#8217; Cannabis Legalization Initiative On Ballot</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Media

'Don't Discount Kamala Harris Yet,' Says IAC Chairman Barry Diller, Recounting How 'She Mobilized Her Forces And… Shut Everyone Else Down' Within Hours Of Biden Stepping Down

Former White House Communications Director Anthony Scaramucci weighed in on the possible impact on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices if former President Donald Trump wins his second term in the upcoming elections, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39994378/bitcoin-ethereum-dogecoin-zoom-higher-as-bitcoin-conference-awaits-donald-trumps-keynote-s">ahead of the Bitcoin 2024 conference</a>.
What Happened: Scaramucci, a known proponent of Bitcoin and cryptocurrencies as an asset class, highlighted how a second Trump presidency could influence prices of the apex crypto, in an interview with CNBC.
"I applaud President Trump for that."
He also went into detail about the stance of the Democratic party and how Trump&#8217;s outreach to cryptocurrency proponents has taken his rivals by surprise.
"I think President Trump's move to court Bitcoin and towards crypto assets has shaken the Democrats at core."
See Also: <a href="https://www.benzinga.com/news/24/07/39997008/janet-yellen-rejects-economist-roubinis-and-trump-era-officials-claims-of-manipulation-in-treasuries">Janet Yellen Rejects Economist Roubini&#8217;s And Trump-Era Official&#8217;s Claims Of &#8216;Manipulation&#8217; In Treasuries</a>
Scaramucci, who started investing in Bitcoin in 2020 and is <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39960622/anthony-scaramucci-writing-bitcoin-book-with-michael-saylor-this-is-where-the-future-is">writing a book</a> on King Crypto, also had a word of caution for Democrats.
"Very smart, younger Democrats are recognizing that they're way off base with their positions, they're way off with these SEC lawsuits and regulation by enforcement," he added.
The former White House official also underscored his belief that Trump would be "very well welcomed" at the Bitcoin 2024 conference, where the former president is scheduled to deliver the keynote address.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Fmr. President Trump is set to deliver a keynote address at the Bitcoin Conference in Nashville. Here&#39;s Anthony Scaramucci on what a second Trump Presidency could mean for bitcoin prices. <a href="https://t.co/L62svncI0Q">pic.twitter.com/L62svncI0Q</a>
&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1816815455958606023?ref_src=twsrc%5Etfw">July 26, 2024</a></blockquote>
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Ahead of the conference, Sen. Tim Scott (R-S.C) underscored the importance of the King Crypto, saying, "Bitcoin's future has to be in America. What we know about the Biden administration and the SEC, is that they are anti-Bitcoin, anti-digital assets."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Former President Trump is scheduled to address <a href="https://twitter.com/hashtag/Bitcoin2024?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin2024</a> this weekend, having warmed to cryptocurrency after previously calling it a &quot;scam.&quot;<a href="https://twitter.com/SenatorTimScott?ref_src=twsrc%5Etfw">@SenatorTimScott</a> weighs in. <a href="https://t.co/BzyNvlLEgK">pic.twitter.com/BzyNvlLEgK</a>
&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1816857653840146584?ref_src=twsrc%5Etfw">July 26, 2024</a></blockquote>
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Why It Matters: The optimism among Bitcoin supporters has been rising in light of the possibility of Trump winning his second term, with Bitcoin conference fundraiser tickets <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39856556/trumps-bitcoin-conference-fundraiser-tickets-skyrocket-to-844k">skyrocketing to $844,600 per person</a>.
Analysts at research and brokerage firm Bernstein think that a Trump win <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39897980/potential-trump-victory-could-stir-bitcoin-market-bernstein-analysts-predict-implications-">could also stir the Bitcoin market</a>. They believe that the market has not yet accounted for a positive shift in cryptocurrency regulations if Trump is re-elected in November.
There are rumors that Trump might also announce <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39866338/bitcoin-as-a-strategic-reserve-asset-for-the-us-expert-details-how-trump-could-make-it-hap">Bitcoin as a strategic reserve asset</a> during the Bitcoin conference on July 27.
Price Action: At the time of writing, Bitcoin was trading at $67,965, up 1.43% in the last 24 hours, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Bitcoin has surged nearly 54% in 2024 so far.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39997182/former-white-house-official-anthony-scaramucci-mocks-jd-vance-says-thank-you-for-knocking-me-out-of">Former White House Official Anthony Scaramucci Mocks JD Vance, Says Thank You For &#8216;Knocking Me Out Of The Position Of The Worst Donald Trump Hire&#8217;</a></li>
</ul>
Image generated using Midjourney

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Anthony Scaramucci, Tim Scott Weigh In Ahead Of Ex-President's Address At Bitcoin 2024 Conference: 'Trump's Move To Court Bitcoin And Towards Crypto Assets Has Shaken The Democrats At Core'

French billionaire Bernard Arnault recalled the time when he and Elon Musk, the CEO of Tesla and SpaceX, discussed the idea of a Louis Vuitton-branded rocket.
What Happened: While appearing on CNBC&#8217;s Squawk Box, Arnault spoke about his discussions with Musk. &#8220;I admire very much what he's doing because I think he's a genius. To do such a success with a car company was quite unexpected. But he's a genius,&#8221; he said.
The French luxury mogul went on to reveal that the last time the two billionaires talked about an idea involving a rocket. &#8220;Maybe we have a way to put Vuitton in a rocket. I don't know if we go somewhere.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39926076/mark-zuckerberg-slams-tim-cooks-apple-after-cupertino-reportedly-rejected-its-iphone-ai-partnership?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Slams Tim Cook&#8217;s Apple After Cupertino Reportedly Rejected Its iPhone AI Partnership Proposal: &#8216;They Wanted To Put Us In A Box…&#8217;</a>
When questioned about the possibility of branding the rocket&#8217;s exterior with Louis Vuitton, Arnault responded, &#8220;Maybe the inside. I don't&nbsp;know. We have to —&nbsp;we have to think. He&nbsp;did not say no.&#8221;
Arnault then humorously voiced his apprehension, saying, &#8220;I'm afraid he will ask me to go with him in the rocket.&#8221; When asked if he would go on the rocket, Arnault said &#8220;I'm not sure.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"Last time we discussed one idea, which is a rocket. Maybe we have a way to put Louis Vuitton in a rocket. I don&#39;t know if we go somewhere," says <a href="https://twitter.com/LVMH?ref_src=twsrc%5Etfw">@LVMH</a> CEO Bernard Arnault on his last conversation with <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@ElonMusk</a>. "I&#39;m afraid he will ask me to go with him in the rocket." <a href="https://t.co/lg5VbihOsk">pic.twitter.com/lg5VbihOsk</a>
&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1816800297840251253?ref_src=twsrc%5Etfw">July 26, 2024</a></blockquote>
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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: Last year in June, it was reported that <a href="https://www.benzinga.com/news/23/06/32905288/elon-musk-and-bernard-arnault-meet-for-power-lunch-in-paris-what-the-worlds-two-richest-men-discusse">Musk and Arnault had lunch</a> together in Paris. They reportedly met at one of Europe&#8217;s most luxurious hotels, the Cheval Blanc, where opulent rooms offer a breathtaking view of the Eiffel Tower.
Musk is currently the wealthiest person in the world with a net worth of $243 billion. Meanwhile, Arnault has a net worth of $188 billion, making him the third richest person on Bloomberg&#8217;s Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39947719/elon-musk-says-he-will-fight-mark-zuckerberg-any-place-any-time-any-rules-cage-match-vibes-anyone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says He Will Fight Mark Zuckerberg &#8216;Any Place, Any Time, Any Rules&#8217; — &#8216;Cage Match&#8217; Vibes Anyone?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock

SPACE

Tech

Elon Musk, Bernard Arnault Once Discussed Potential SpaceX-Louis Vuitton Collab: 'I'm Afraid He Will Ask Me To Go With Him In The Rocket'

French luxury mogul Bernard Arnault on Friday disclosed that the late Steve Jobs had once sought his counsel on the retail strategy for Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), despite skepticism from industry rivals.
What Happened: While appearing on CNBC, Arnault reminisced about a conversation with Jobs when Apple was considering the launch of its first retail store. The late Apple co-founder intrigued by Arnault&#8217;s success with the luxury brand Vuitton, sought his views on the venture.
Arnault said that he suggested Jobs inaugurate the first Apple store at a prime location, hinting at emulating Vuitton&#8217;s strategy. The first Apple store was launched in Tokyo, directly across a Vuitton outlet on Ginza, and it turned out to be a massive success.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39902838/broadcom-to-challenge-nvidia-dominance-analyst-says-jensen-huang-led-chip-giants-competitor-is-catch?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Broadcom To Challenge Nvidia Dominance? Analyst Says Jensen Huang-Led Chip Giant&#8217;s Competitor Is &#8216;Catchin</a>
Arnault said that Michael Dell, the founder of Dell Technologies, had expressed reservations about Apple&#8217;s direct retail strategy. &#8220;It proved to be a fantastic success. When, at the time, many of his competitors, I remember Dell, for instance, saying it would never work, these direct shops,&#8221; he stated.
During their interaction, Jobs also acknowledged the durability of Arnault&#8217;s products, contrasting it with the unpredictability of the tech industry&#8217;s success over time.
&#8220;He was very smart, obviously, and very creative also. But he told me, &#8216;You know, I like your products. And you have an advantage on me.&#8217; I said, &#8216;Well, which one?&#8217; &#8216;I don't know if my iPod will still be successful in 10 years. But what I know is your Dom Perignon will be sold in a century,'&#8221; Arnault said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/LVMH?ref_src=twsrc%5Etfw">@LVMH</a> Chairman and CEO Bernard Arnault on speaking with Steve Jobs when Apple was thinking about opening its first retail store: "It proved to be a fantastic success. When at the time many of his competitors, I remember [Michael] Dell for instance, saying it would never work." <a href="https://t.co/Ex3ypFMmzq">pic.twitter.com/Ex3ypFMmzq</a>
&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1816819168617824402?ref_src=twsrc%5Etfw">July 26, 2024</a></blockquote>
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Why It Matters: Bernard Arnault&#8217;s advice to Steve Jobs came from his extensive experience in the luxury retail sector. His success with Vuitton is a testament to his understanding of the retail landscape.
The French luxury mogul currently has a net worth of $188 billion, making him the third wealthiest individual in the world, according to the Bloomberg Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>. However, Arnault&#8217;s fortune has seen a <a href="https://www.benzinga.com/news/large-cap/24/07/39920045/arnaults-fortune-falls-as-lvmh-misses-on-earnings-zuckerberg-now-eyes-third-spot-on-billionaires-l">significant drop recently</a>. 
Earlier this week, it was reported that nearly half of Arnault's wealth is tied to his stake in LVMH-Moët Hennessy Louis Vuitton, which saw a nearly 5% decline in over-the-counter shares after earnings fell short of expectations.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/news/24/07/39947719/elon-musk-says-he-will-fight-mark-zuckerberg-any-place-any-time-any-rules-cage-match-vibes-anyone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says He Will Fight Mark Zuckerberg &#8216;Any Place, Any Time, Any Rules&#8217; — &#8216;Cage Match&#8217; Vibes Anyone?</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

AAPL

Steve Jobs Once Consulted Bernard Arnault When Apple Was Opening Its First Retail Store: French Luxury Tycoon Says 'It Proved To Be A Fantastic Success. When At The Time Many Of His Competitors…Saying It Would Never Work.'

Robert F. Kennedy Jr., an independent U.S. presidential candidate, raised questions about the recent pro-cryptocurrency stance of GOP nominee Donald Trump. This comes as both candidates vie for the support of crypto-holders at the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39470346/trump-reportedly-discussing-participation-in-bitcoin-2024-conference-move-to-reinforce-cry">2024 conference.</a>
What Happened: Kennedy, who is currently favored by 8% of voters, expressed skepticism about Trump&#8217;s newfound support for cryptocurrency. He made these remarks at the Bitcoin 2024 conference in Nashville, Tennessee, where Trump is scheduled to speak on Saturday, Reuters reported.
In his conference speech, Kennedy took a jab at Trump, saying, &#8220;President Trump has orange hair&#8230; But I have an orange heart,&#8221; referring to the color of the Bitcoin logo. He expressed hope that Trump&#8217;s commitment to bitcoin is more than just political convenience.
&#8220;I hope President Trump&#8217;s commitment to Bitcoin is more than political expediency.&#8221;
Despite his low polling numbers, Kennedy&#8217;s candidacy could have a significant impact on the election if he draws voters away from Trump or the likely Democratic nominee, Kamala Harris. However, Kennedy has yet to qualify for the ballot in many states.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39963958/polymarket-trader-has-bet-over-1m-on-president-biden-to-not-finish-his-term-heres-how-that">Polymarket Trader Has Bet Over $1M On President Biden To Not Finish His Term: Here&#8217;s How That Is Going</a>
Kennedy also pledged that, if elected, he would instruct the U.S. Treasury to acquire enough Bitcoin to build a reserve similar to U.S. gold reserves, and would make direct ownership of Bitcoin tax-free.
Conference attendees are eagerly anticipating Trump&#8217;s speech on Saturday. &#8220;Make Bitcoin Great Again&#8221; red hats, a play on Trump&#8217;s &#8220;Make America Great Again&#8221; slogan, are being sold at the conference.
Why It Matters: Trump&#8217;s recent endorsement of cryptocurrency, despite previously calling it a &#8220;scam&#8221; in 2021, has been seen as a strategic move to gain support from the crypto community. The Republican Party has been actively courting crypto holders by promising lighter regulations.
Economist Peter Schiff has suggested that <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39975390/trumps-bitcoin-support-a-political-no-brainer-to-garner-votes-says-peter-schiff-promise-to">Trump&#8217;s support for Bitcoin</a> is a political move to gain votes, not a genuine commitment to make it a reserve asset. Schiff also warned that by pursuing cryptocurrency-supporting voters, Trump risks alienating supporters who do not trust the asset&#8217;s potential.
On the other hand, analysts from research and brokerage firm Bernstein have suggested that a potential Trump victory in the 2024 elections could significantly <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39897980/potential-trump-victory-could-stir-bitcoin-market-bernstein-analysts-predict-implications-">shake up the cryptocurrency market. </a>The Bernstein team posits that the market has not accounted for a potential positive shift in cryptocurrency regulations if Trump is reelected in November.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39900472/rich-dad-poor-dad-author-robert-kiyosaki-predicts-bitcoin-gold-and-silver-prices-will-soar">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Predicts Bitcoin, Gold, And Silver Prices Will Soar If Trump Wins 2024 Election</a></li>
</ul>
Photo via Shutterstock

Robert F. Kennedy Jr. Questions Trump's Pro-Crypto Stance As 2024 Presidential Race Heats Up: 'I Hope...Commitment To Bitcoin Is More Than Political Expediency'

A gathering meant to rally support for Vice President&nbsp;Kamala Harris&#8216; presidential campaign morphed into an <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">endorsement event for</a> Pennsylvania Governor&nbsp;Josh Shapiro (D-Pa.).
What Happened: The event on Friday, which saw Democratic leaders and labor unions come together to express their support for Harris, unexpectedly shifted its focus to Shapiro. 
Several speakers, including influential union leaders,&nbsp;the chair of the Philadelphia&nbsp;Democratic Party,&nbsp;and Philadelphia Mayor Cherelle Parker, endorsed Shapiro as a potential vice presidential candidate, <a href="https://www.politico.com/news/2024/07/26/philly-unions-democrats-shapiro-00171491">reported</a>&nbsp;Politico.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/39964922/ron-desantis-says-florida-supreme-court-should-not-have-allowed-cannabis-legalization-initiative?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ron DeSantis Says Florida Supreme Court Should &#8216;Not Have Allowed&#8217; Cannabis Legalization Initiative On Ballot</a>
&#8220;If they take our advice, Josh Shapiro will be our vice president,&#8221; Parker stated, highlighting Shapiro&#8217;s capability to secure a win in Pennsylvania.
Despite the public endorsements, Shapiro has not openly expressed interest in the VP position, stating that the decision lies with Harris. 
However, his allies, including Ryan Boyer,&nbsp;the leader of Philadelphia's powerful&nbsp;building trades council, have been vocal about Shapiro&#8217;s suitability for the White House. &#8220;He would look good on 1600 Pennsylvania Avenue.&#8221;
Why It Matters: Shapiro, who is reportedly&nbsp;being vetted by the Covington&nbsp;&amp; Burling law firm for the VP role, has been actively increasing his public presence.
He is scheduled&nbsp;to lead a Harris volunteer&nbsp;kick-off in central Pennsylvania on Saturday and will return to Philadelphia&nbsp;on Monday for an event&nbsp;with Michigan Governor Gretchen Whitmer.
According to Democratic mega-donors, Shapiro, Sen. Mark Kelly (D-Ariz.), and Roy Cooper (D-N.C.) are leading the race to become <a href="https://www.benzinga.com/news/24/07/39924772/democratic-mega-donors-predict-kamala-harris-to-pick-vp-among-these-3-lawmakers-as-presidential-race">Harris's running mate</a>.
Harris is preparing for a potential face-off against former President Donald Trump in the 2024 election. The choice of a running mate could significantly influence the election outcome. 
There are also speculations that Trump could <a href="https://www.benzinga.com/news/24/07/39979544/can-trump-replace-jd-vance-amid-kamala-harris-picking-pace-experts-warn-that-could-be-extraordinaril">replace his current running mate</a>, Sen. J.D. Vance (R-Ohio), due to his underwhelming polling.
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<li><a href="https://www.benzinga.com/news/24/07/39922362/hillary-clinton-says-kamala-harris-is-chronically-underestimated-says-vp-can-prosecute-a-compelling?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hillary Clinton Says Kamala Harris is &#8216;Chronically Underestimated&#8217; — Says VP Can &#8216;Prosecute A Compelling Case&#8217; Against Failed President Trump</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Josh Shapiro Emerges As Potential VP Candidate At Kamala Harris Endorsement Event: 'He Would Look Good...'

Former White House Communications Director Anthony Scaramucci humorously thanked Donald Trump's <a href="https://www.benzinga.com/general/politics/24/07/39780777/trump-picks-senator-j-d-vance-as-running-mate-musk-says-great-choice-for-vp">running mate</a>, JD Vance (R-Ohio), for taking his place as the worst hire of the former president.
What Happened: Scaramucci expressed his gratitude to Vance for ousting him from the position of the worst Trump hire, in a post on Friday on social media platform X, formerly Twitter.
&#8220;I just want to personally thank JD Vance for knocking me out of the position of the worst Donald Trump hire. I didn't think it would happen but here we are and I am grateful.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I just want to personally thank <a href="https://twitter.com/JDVance?ref_src=twsrc%5Etfw">@JDVance</a> for knocking me out of the position of the worst Donald Trump hire. I didn't think it would happen but here we are and I am grateful. &#x1f64f;
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1816928720894169307?ref_src=twsrc%5Etfw">July 26, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/23/11/35952778/former-doj-attorney-calls-marjorie-taylor-greenes-new-book-score-settling-fiction-that-reads-like-an?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-DOJ Attorney Calls Marjorie Taylor Greene&#8217;s New Book &#8216;Score-Settling Fiction&#8217;</a>
Scaramucci&#8217;s post comes amidst <a href="https://www.benzinga.com/news/24/07/39979544/can-trump-replace-jd-vance-amid-kamala-harris-picking-pace-experts-warn-that-could-be-extraordinaril">growing speculation</a> about Vance&#8217;s position as Trump&#8217;s Vice Presidential candidate due to his underwhelming polling and the rising momentum of Vice President Kamala Harris.
Why It Matters: Scaramucci has been vocal about his disapproval of Vance as Trump&#8217;s running mate. He <a href="https://www.benzinga.com/news/24/07/39854646/anthony-scaramucci-says-jd-vances-quest-to-wall-us-off-from-rest-of-world-could-be-an-economic-disas">previously stated</a> that Vance&#8217;s economic policies could lead to a disaster for the United States and the world.
He also <a href="https://www.benzinga.com/news/24/07/39787296/first-obvious-error-by-trump-after-winning-nomination-says-anthony-scaramucci-of-ex-president-picks">criticized</a> Trump&#8217;s decision to pick Vance as his running mate, calling it the &#8220;first obvious error&#8221; by Trump after winning the nomination.
Vance has also <a href="https://www.benzinga.com/news/24/07/39784888/aoc-mocks-trump-vp-choice-j-d-vance-for-tweet-connecting-fertility-rate-with-daylight-saving-time">come under criticism</a> for his past social media activity, with Rep.&nbsp;Alexandria Ocasio-Cortez&nbsp;(D-N.Y.) highlighting a post made by Trump's running mate linking fertility rates with daylight savings time.
Vance reportedly wrote on November 1, 2020: "As a parent of young children and a nationalist who worries about America's low fertility I can say with confidence that daylight savings time reduces fertility by at least 10 percent."
Vance later said this post was a joke.
Read Next:
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<li><a href="https://www.benzinga.com/general/politics/24/01/36877020/robert-f-kennedy-jr-doesnt-want-to-be-trumps-vice-president-pick-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Robert F. Kennedy Jr. Doesn&#8217;t Want To Be Trump&#8217;s Vice President Pick, Here&#8217;s Why</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Al Teich on Shutterstock

Former White House Official Anthony Scaramucci Mocks JD Vance, Says Thank You For 'Knocking Me Out Of The Position Of The Worst Donald Trump Hire'

Deepwater Asset Management&#8217;s managing partners, Gene Munster and Doug Clinton have <a href="https://www.businessinsider.in/tech/news/openais-new-searchgpt-prototype-is-a-declaration-of-war-against-google/articleshow/112024630.cms">downplayed concerns</a> that Alphabet Inc.&#8217;s (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>) Google Search could be outdone by OpenAI&#8217;s SearchGPT.
What Happened: On Friday, Munster took to X, formerly Twitter, and said, &#8220;Since it&#8217;s only a 15-second video, it&#8217;s hard to see why SearchGPT is 10x better than Google AI Overviews.&#8221;
He went on to say that in the near term, this revives fears among Google investors that AI could threaten search. However, if the product&#8217;s capabilities are limited to what&#8217;s shown in the teaser, Google is not in any significant danger.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39922283/elon-musk-is-polling-x-and-asking-if-tesla-should-invest-5b-in-grok-parent-xai-this-is-just-to-test?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Is Polling X And Asking If Tesla Should Invest $5B In Grok Parent xAI: &#8216;This Is Just To Test The Waters&#8217;</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Since its only a 15 second video, it&#39;s hard to see why SearchGPT is 10x better than Google AI Overviews. Near-term this revive fears from <a href="https://twitter.com/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOG</a> investors that AI can kill search. If this is the product, Google is not in any meaningful danger. <a href="https://t.co/YX4Qa4Smac">https://t.co/YX4Qa4Smac</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1816549429782151403?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
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Doug Clinton, the other managing partner at Deepwater, concurred with Munster&#8217;s views. He said that although the SearchGPT video resulted in a minor dip in Google&#8217;s stock, it does not pose a substantial threat to Google&#8217;s AI.
&#8220;It didn&#8217;t seem 10x superior to what I&#8217;m observing&nbsp;from Google and AI overviews,&#8221; Clinton remarked in a separate video.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On this week&#39;s DeepTech315, <a href="https://twitter.com/dougclinton?ref_src=twsrc%5Etfw">@dougclinton</a> and I discuss <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> and <a href="https://twitter.com/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOG</a> earnings, and OpenAI&#39;s new search product, SearchGPT. <a href="https://t.co/9cGt75OwAu">pic.twitter.com/9cGt75OwAu</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1816565516309295351?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
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Both partners concurred that unless SearchGPT can offer something unique or more than what was shown in the teaser, it&#8217;s difficult to see why users would switch from Google.
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: On Thursday, Alphabet shares were trading lower after a <a href="https://www.benzinga.com/news/24/07/39968522/alphabet-stock-falls-as-openai-plans-searchgpt-what-investors-need-to-know">report suggested that OpenAI plans</a> to launch an online search tool called &#8220;SearchGPT&#8221; to disrupt Google's Search dominance.
Soon after, ChatGPT-parent, announced that it is testing SearchGPT, a temporary prototype of new AI search features. The launch is initially limited to a small group of users for feedback, with plans to integrate the experience into ChatGPT, the company stated.
Price Action: At the time of writing, Alphabet's Class A shares were down by 0.072% in after-hours trading to $166.88, while Class C shares dropped 0.018% to $168.65. During the regular session, Class A and Class C shares had closed at $167 and $168.68, respectively, according to<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">&nbsp;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" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Google Photo by DenPhotos on Shutterstock

GOOG

GOOGL

Top Analyst Says OpenAI's AI-Powered Search Engine Likely Isn't A Threat To Google: 'It's Hard To See Why SearchGPT Is 10X Better…'

The much-anticipated initial public offering (IPO) of billionaire investor Bill Ackman&#8216;s Pershing Square closed-end fund has been postponed, as confirmed by the New York Stock Exchange (NYSE.)
What Happened: On Friday, the NYSE announced on its website that the listing of Pershing Square USA Ltd. has been delayed, with a new date yet to be disclosed. 
Pershing Square refrained from commenting further but issued a statement clarifying that the IPO is still proceeding, with the pricing date to be announced later.
See Also: <a href="https://www.benzinga.com/news/24/07/39947623/lindsey-graham-says-americans-are-struggling-and-our-country-is-heading-in-the-wrong-direction-repla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lindsey Graham Says &#8216;Americans Are Struggling, And Our Country Is Heading In The Wrong Direction&#8217;</a>
The delay comes amid Ackman&#8217;s concerns about the size of the transaction and the novelty of the structure. He expressed these concerns in a July 24 letter to investors, emphasizing the need for careful analysis and judgment from investors.
The fund is expected to invest in 12 to 24 large-cap, investment-grade, &#8220;durable growth&#8221; companies in North America. The public listing is seen as a move to leverage Ackman&#8217;s following among Main Street investors.
Why It Matters: The IPO delay follows a <a href="https://www.benzinga.com/news/24/07/39975768/bill-ackmans-us-fund-ipo-target-slashed-by-90-as-pershing-square-specifically-disclaims-ceos-comment">significant reduction in the fund&#8217;s targe</a>t, which was slashed by as much as 90% from the initial $25 billion. In a letter to investors in his Pershing Square holding company sent on Wednesday, Ackman urged, "This is a moment when you can be very helpful to Pershing Square by participating in the PSUS offering and giving your order to the banks, the sooner the better." However, Pershing Square USA "specifically disclaims" Ackman's statement in the filing that included the letter.
Inspired by Warren Buffett&#8216;s career, <a href="https://www.benzinga.com/news/24/07/39766570/bill-ackman-says-his-unofficial-mentor-warren-buffett-inspired-him-to-take-pershing-square-funds-pub">Ackman decided to take his funds public.</a> He planned to use his social media presence and a Buffett-like annual meeting to bolster his new investment fund.
Pershing Square USA is a closed-end fund set to be listed on the New York Stock Exchange, investing in large, publicly traded stocks that Ackman and his team believe are undervalued. Ackman had previously informed investors that he expected the company to trade at a premium compared to the net assets it held.
Despite the reduction in the IPO target, Ackman remains optimistic about the fund's potential, particularly with the involvement of U.S. retail investors and the&nbsp;<a href="https://www.benzinga.com/news/24/07/39811552/from-warren-buffett-style-annual-meetings-to-social-media-strategy-heres-how-bill-ackman-plans-to-bo" target="_blank" rel="noreferrer noopener">support of institutional investors</a>.
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</ul>
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.
Image via Harvard Association for Law and Business/ Tracy Tolf

IPOs

Bill Ackman's Warren Buffett-Inspired Strategy Hits A Snag? Pershing Square USA Delays IPO Indefinitely After Slashing Target By 90%

US Treasury Secretary Janet Yellen has strongly refuted allegations of manipulating the issuance of <a href="https://www.benzinga.com/topic/treasuries">Treasury securities</a>. These accusations were made by economist Nouriel Roubini who suggested that such manipulation was aimed at reducing real borrowing costs across the economy.
What Happened: Yellen dismissed Roubini&#8217;s argument that the Treasury had a strategy to ease financial conditions, in an <a href="https://www.bloomberg.com/news/articles/2024-07-26/yellen-rejects-roubini-claim-of-manipulation-in-treasuries">interview</a> with Bloomberg.
&#8220;I can assure you 100% that there is no such strategy. We have never, ever discussed anything of the sort,&#8221; Yellen said.
The paper, co-authored by Roubini and Stephen Miran, a former Treasury official under President Donald Trump, claimed that the Treasury&#8217;s actions in the fall of last year reduced 10-year Treasury yields by a quarter of a percentage point.
This is roughly equivalent to a full percentage point reduction in the Federal Reserve&#8217;s benchmark rate.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39948413/trump-era-white-house-official-anthony-scaramucci-says-kamala-harris-is-capable-and-has-a-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Era White House Official Anthony Scaramucci Says Kamala Harris Is Capable And Has A Great Team</a>
Joshua Frost, the Treasury&#8217;s assistant secretary for financial markets, defended the department&#8217;s actions, stating they were within market participants&#8217; expectations.
Yellen supported Frost&#8217;s statements, saying his speech provided the best explanation for the department&#8217;s approach.
Why It Matters: The allegations against Yellen come in the wake of a series of events that have put her in the spotlight.
Earlier this month, <a href="https://www.benzinga.com/government/24/07/39749545/trump-allies-slam-janet-yellen-for-manipulating-treasury-debt-auctions-to-improve-bidens-image">she was accused</a> by Republican lawmakers of manipulating Treasury debt auctions to stimulate the economy and enhance President Joe Biden‘s image. This latest development is a continuation of the scrutiny Yellen has been facing.
<a href="https://www.benzinga.com/government/24/05/38572650/janet-yellen-stands-up-for-feds-autonomy-as-trump-allies-plan-to-gain-more-control">Yellen also defended</a> the Federal Reserve&#8217;s political independence against attempts by Trump allies to undermine it.
In June, she <a href="https://www.benzinga.com/news/24/06/39348581/janet-yellen-dismisses-donald-trumps-proposal-to-replace-income-tax-with-tariffs-the-impact-would-be">publicly criticized Trump&#8217;s proposal</a> to replace parts of the U.S. income tax with increased tariffs on imported goods.
Later that month, she <a href="https://www.benzinga.com/government/24/06/39470021/janet-yellen-says-inflation-to-come-down-to-feds-2-target-by-2025-dismisses-possibility-of-us-recess">expressed confidence</a> in the American economy, dismissing the possibility of a recession and predicting that inflation would reach the Federal Reserve's 2% target by next year.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/07/39992709/kamala-harris-will-certify-2024-election-results-shes-not-going-to-burn-the-system-down-in-order?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Will Certify 2024 Election Results: &#8216;She&#8217;s Not Going To Burn The System Down In Order To Save It'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

Treasuries

Economics

Janet Yellen Rejects Economist Roubini's And Trump-Era Official's Claims Of 'Manipulation' In Treasuries: 'We Have Never, Ever Discussed Anything Of The Sort'

Alphabet Inc.'s (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>) Google has severed its business ties with One Medical, a <a href="https://www.benzinga.com/topic/healthcare">primary healthcare provider</a> acquired by Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) for $3.9 billion.
What Happened: Google, previously One Medical&#8217;s largest business client, has decided to terminate its enterprise agreement with the healthcare company following Amazon&#8217;s acquisition of One Medical last year, <a href="https://www.businessinsider.com/google-drops-amazon-one-medical-2024-7">reported</a> Business Insider.
The agreement, which offered Google employees discounted or free One Medical memberships and operated One Medical care centers at some Google office locations, is set to expire at the end of 2024.
Google was an early supporter of One Medical and was its largest business customer for many years. Until 2020, One Medical disclosed that Google accounted for 10% of its net revenue.
In 2021, that dipped below 10%, and then One Medical stopped publicly sharing financials after Amazon acquired it.
See Also: <a href="https://www.benzinga.com/general/biotech/24/07/39940874/gileads-42-5k-priced-hiv-drug-could-be-made-at-just-40-annually-campaigners-urge-company-to-slash?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Gilead&#8217;s $42.5K Priced HIV Drug Could Be Made At Just $40 Annually</a>
A Google spokesperson confirmed to the publication that the existing relationship with One Medical is changing after 2024 but stressed that the decision has nothing to do with Amazon&#8217;s new ownership of the healthcare provider.
The existing One Medical centers on Google&#8217;s campus have already transitioned to Premise Health to provide more services like pharmacy, gynecology, and coordinated care on-site, the spokesperson added.
An Amazon spokesperson told Business Insider that Google employees and their dependents will continue to have One Medical memberships &#8220;sponsored&#8221; by their employer through the end of 2024.
Why It Matters: The termination of Google&#8217;s business relationship with One Medical comes amid significant changes within the healthcare provider.
In September, CEO Amir Dan Rubin <a href="https://www.benzinga.com/news/23/09/34166966/amazons-one-medical-ceo-departs-amid-significant-leadership-shift">stepped down</a> from One Medical after six years at the helm, a little over a year after Amazon&#8217;s acquisition.
This leadership shift was followed by <a href="https://www.benzinga.com/general/biotech/24/02/36971965/amazon-implements-major-job-cuts-in-one-medical-and-pharmacy-units-to-save-100m">major job cuts</a> in February, as part of a cost-saving initiative aiming to save One Medical $100 million.
Read Next:
<ul>
<li><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 Drops From 3rd To 6th In China Amid Intensifying Competition, Huawei Shipments Surge 41% In Q2: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Amazon

Health Care

AMZN

Google Cuts Ties With Amazon-Owned One Medical, But Clarifies It Is Not Due To E-Commerce Giant's $3.9B Acquisition

Following President Joe Biden&#8217;s decision to <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39885549/biden-withdraws-from-2024-race-what-that-means-for-solana-etf-prospects">withdraw from the 2024 presidential race</a>, a poll conducted by The Wall Street Journal indicates that former President Donald Trump has a slight edge over Vice President Kamala Harris.
What Happened: The poll <a href="https://www.wsj.com/politics/elections/harris-erases-trumps-lead-wsj-poll-finds-e286144d?mod=e2tw">results</a> published on Friday revealed that Trump has the support of 49% of registered voters, while Harris trails slightly behind with 47%. The WSJ poll, conducted from July 23-25, surveyed 1,000 registered voters with a margin of error&nbsp;of ±3.1 percentage points.
The latest poll also showed a significant rise in Harris&#8217;s favorability among registered voters, jumping 11 points to 46%. In comparison, Trump&#8217;s favorability was at 47% and Biden&#8217;s at 39%.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39925959/kim-jong-un-rejects-donald-trumps-friendship-claims-north-korea-says-we-do-not-care-expresses-nuclea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kim Jong Un Rejects Donald Trump&#8217;s Friendship Claims? North Korea Says &#8216;We Do Not Care,&#8217; Expresses Nuclear Readiness Amid Rising Tension With US</a>
In a ballot test featuring Robert F. Kennedy Jr. alongside other independent and third-party candidates, Harris secured 45% of the vote, while Trump received 44%. Kennedy garnered just 4%, and 5% of voters remained undecided. 
In the last poll, Biden trailed by six points in the multicandidate contest, the report noted.
Why It Matters: The&nbsp;<a href="https://www.benzinga.com/general/politics/24/07/39973800/trump-vs-harris-vice-president-gains-ground-lost-by-joe-biden-in-swing-states">race between Trump and Harris</a>&nbsp;is shaping up to be a close one, with Harris making up ground lost by Biden in head-to-head matchups against Trump. 
President Biden&#8217;s campaign was plagued by a lackluster debate performance and concerns about his age and mental fitness, leading to his withdrawal last week.
Since Biden&#8217;s exit, Harris has garnered several key endorsements from her party, experienced a surge in fundraising, and secured enough delegate commitments to secure the nomination.
Meanwhile, Trump has been&nbsp;<a href="https://www.benzinga.com/news/24/07/39947274/trump-takes-aim-at-kamala-harris-in-first-rally-post-bidens-exit-calls-her-a-radical-left-lunatic-vp">criticizing Harris</a>&nbsp;on immigration and inflation issues, labeling her as a &#8220;radical-left lunatic.&#8221;
There has also been speculation about whether Trump might&nbsp;<a href="https://www.benzinga.com/news/24/07/39979544/can-trump-replace-jd-vance-amid-kamala-harris-picking-pace-experts-warn-that-could-be-extraordinaril">replace his vice presidential candidate</a>, Sen. J.D. Vance, due to the latter&#8217;s underwhelming polling and Harris&#8217;s growing momentum. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39975168/nikki-haley-says-democrats-are-very-smart-to-put-in-a-younger-candidate-against-trump-but-kamala-har?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nikki Haley Says &#8216;Democrats Are Very Smart To Put In A Younger Candidate&#8217; Against Trump But Kamala Harris Is The &#8216;Weakest Candidate&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Trump Vs. Harris: New Poll Shows Ex-President Leading Democratic Candidate By A Narrow Margin, But Vice President's Favorability Is Faring Better Than Biden

H&amp;R Block (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) has outperformed the market over the past 5 years by 2.77% on an annualized basis producing an average annual return of 15.37%. Currently, H&amp;R Block has a market capitalization of $7.95 billion. 
Buying $1000 In HRB: If an investor had bought $1000 of HRB stock 5 years ago, it would be worth $2,049.30 today based on a price of $56.95 for HRB at the time of writing.
<h3>H&amp;R Block's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722029438_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,000 Today

Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) has outperformed the market over the past 10 years by 5.7% on an annualized basis producing an average annual return of 16.62%. Currently, Apollo Global Management has a market capitalization of $69.51 billion. 
Buying $1000 In APO: If an investor had bought $1000 of APO stock 10 years ago, it would be worth $4,546.33 today based on a price of $122.16 for APO at the time of writing.
<h3>Apollo Global Management's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722029433_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Apollo Global Management 10 Years Ago Would Be Worth This Much Today

Citigroup analyst Atif Malik maintains Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Buy and lowers the price target from $185 to $162.

Price Target

Citigroup Maintains Buy on Teradyne, Lowers Price Target to $162

During the last three months, 5 analysts shared their evaluations of Puma Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBYI#NASDAQ">PBYI</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $7.0, a high estimate of $7.00, and a low estimate of $7.00. The average price target has stayed the same, reflecting a consistent view from analysts. 
<img src="https://www.benzinga.com/files/images/story/2024/1722027698_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Puma Biotechnology is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$7.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$7.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$7.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$7.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$7.00</td>
<td>$7.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Puma Biotechnology. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Puma Biotechnology compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Puma Biotechnology's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Puma Biotechnology's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PBYI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Puma Biotechnology analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Puma Biotechnology</h2>
Puma Biotechnology Inc is a biopharmaceutical company that develops and commercializes innovative products to enhance cancer care and improve treatment outcomes for patients. It is currently commercializing NERLYNX, an oral version of neratinib, for the treatment of HER2-positive breast cancer. Also it develops alisertib. Alisertib is a selective, small-molecule inhibitor of aurora kinase A that is designed to disrupt mitosis leading to apoptosis of rapidly proliferating tumor cells that are dependent on aurora kinase A.
<h3>A Deep Dive into Puma Biotechnology's Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Challenges: Puma Biotechnology's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -17.07%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Health Care sector.
Net Margin: Puma Biotechnology's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -11.0%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Puma Biotechnology's ROE stands out, surpassing industry averages. With an impressive ROE of -9.22%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Puma Biotechnology's ROA excels beyond industry benchmarks, reaching -2.17%. This signifies efficient management of assets and strong financial health.
Debt Management: Puma Biotechnology's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.17, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PBYI

Where Puma Biotechnology Stands With Analysts

During the last three months, 10 analysts shared their evaluations of Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Lennox Intl, presenting an average target of $581.9, a high estimate of $675.00, and a low estimate of $517.00. This upward trend is apparent, with the current average reflecting a 7.66% increase from the previous average price target of $540.50.
<img src="https://www.benzinga.com/files/images/story/2024/1722027675_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Lennox Intl. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$550.00</td>
<td>$517.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$675.00</td>
<td>$675.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$572.00</td>
<td>$566.00</td>
</tr>
<tr>
<td>Jeffrey Hammond</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$600.00</td>
<td>$515.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$610.00</td>
<td>$505.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$517.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Joe Ritchie</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$575.00</td>
<td>$507.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$570.00</td>
<td>$550.00</td>
</tr>
<tr>
<td>Gautam Khanna</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$600.00</td>
<td>$550.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$550.00</td>
<td>$520.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Lennox Intl. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Lennox Intl compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Lennox Intl's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into Lennox Intl's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/LII/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lennox Intl analyst ratings.</a>
<h2>Delving into Lennox Intl's Background</h2>
Lennox International manufactures and distributes heating, ventilating, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2023, residential HVAC was 68% of sales and commercial HVAC and Heatcraft refrigeration was 32% of sales. The company goes to market with multiple brands, but Lennox is the company's flagship HVAC brand. The Texas-based company is focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.
<h3>Unraveling the Financial Story of Lennox Intl</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Lennox Intl showcased positive performance, achieving a revenue growth rate of 2.81% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.95%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Lennox Intl's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 51.98% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Lennox Intl's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.92% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Lennox Intl's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.72, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

10 Analysts Have This To Say About Lennox Intl

Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has outperformed the market over the past 10 years by 12.34% on an annualized basis producing an average annual return of 23.26%. Currently, Taiwan Semiconductor has a market capitalization of $837.03 billion. 
Buying $1000 In TSM: If an investor had bought $1000 of TSM stock 10 years ago, it would be worth $7,815.64 today based on a price of $161.40 for TSM at the time of writing.
<h3>Taiwan Semiconductor's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722027659_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Taiwan Semiconductor 10 Years Ago Would Be Worth This Much Today

Freeman Gold Corp (FMANF) has received a new Buy rating, initiated by Echelon Wealth Partners analyst, Gabriel Gonzalez CFA. Gabriel Gonzalez CFA h...

Promising Economic Assessment and Strong Returns Propel Freeman Gold Corp to a Buy Rating

Freeman Gold Corporation (TSE:FMAN) has released an update. Freeman Gold Corporation has engaged GSI Environmental Inc. to assist with the permitti...

Freeman Gold Advances with GSI Permitting Support

Press Releases

FREEMAN IMPROVES AVERAGE GOLD RECOVERIES TO 96.9% AND LEACH CIRCUIT TIME BY 50% FOR THE LEMHI GOLD DEPOSIT, IDAHO

FREEMAN REPORTS 2023 SHAREHOLDER MEETING RESULTS

FREEMAN FILES PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR LEMHI GOLD PROJECT

FREEMAN COMMENCES PERMITTING INITIATIVES AT THE LEMHI GOLD DEPOSIT, IDAHO

TSXV:FMAN

Freeman Gold

<h3>Leafly Hires Rebecca Warner As VP Of Sales</h3>

The cannabis information platform Leafly Holdings, Inc. said Wednesday that it has hired Rebecca Warner to serve as senior vice president of sales.

In&nbsp;her new role,&nbsp;Warner will oversee the ongoing value creation for brands and retailers that want to reach shoppers on the Leafly platform.

The addition of Warner to the executive team follows several key leadership hires since announcing the company&#39;s intent to combine with Merida Merger Corp. I (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCMJ#NASDAQ">MCMJ</a>) earlier this year, including appointments of <a href="https://www.benzinga.com/markets/cannabis/21/10/23214323/cannabis-movers-shakers-leafly-holdings-linneo-health-flowhub-mindmed">Suresh Krishnaswamynd</a> and <a href="https://www.benzinga.com/markets/cannabis/21/10/23314914/cannabis-movers-shakers-clairvoyant-therapeutics-eaze-leafly-chalice-brands">Kimberly Boler</a>, to name a few.

Rebecca has over 14 years experience designing and executing sales growth strategies at industry-leading online marketplaces. Most recently, she served as the director of Rental Sales at Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>), where she oversaw significant market share growth even through the pandemic. Prior to that, she held director-level roles at Domain, a leading real estate marketplace in Australia.

&quot;Our vision for Leafly centers on continually reinforcing our role as the marketplace of choice for the cannabis community,&quot; Leafly CEO Yoko Miyashita said. &quot;Rebecca&#39;s experience driving growth at online marketplaces will be critical as we work to unlock Leafly&#39;s full potential to serve our customers and monetize our platform at a greater scale as a public company.&quot;

<h3>Origin Therapeutics Announces Leadership Team</h3>

Origin Therapeutics Holdings Inc., an investment issuer focused on making equity investments in the psychedelics sector, recently announced its leadership team.

Created to provide retail investors with the opportunity to participate in the significant growth potential that private companies in the sector have before they would typically go public, the Vancouver-based company hired the following experts:

<ul>
	<li>Alexander Somjen, who will serve as CEO, brings extensive experience as an officer and director of publicly listed and privately held companies across a broad range of sectors, including technology, healthcare&nbsp;and cannabis.</li>
	<li>Kelvin Lee, who agreed to oversee Origin&#39;s finance department, has more than 15 years of&nbsp;extensive financial management experience with publicly traded companies. He is formerly CFO of Freeman Gold Corp.(CSE:<a class="ticker" href="https://www.benzinga.com/stock/FMAN#CSE">FMAN</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FMANF#OTCQB">FMANF</a>). Prior to that, he had held senior roles from corporate controller, VP of finance and administration to chief financial officer for a TSXV listed gold producer with $400 million in revenue over nine years.</li>
	<li>Brianna Davies, JD, a corporate securities lawyer with over 14 years experience working as legal counsel, corporate secretary&nbsp;and chief compliance officer to various privately held and publicly traded companies, primarily focused in the resource and technology sectors, will&nbsp;serve as an independent director.</li>
	<li>Michael Young, a founding partner of an investment company Cottingham Capital, agreed to serve as the company&#39;s chairperson, advisor and investment committee member.</li>
	<li>Kyle Gould, a co-founder of Hyperion Capital Inc., a boutique advisory firm specializing in the healthcare and technology sectors, agreed to serve as advisor and investment committee member. Prior to founding Hyperion Capital Inc., Gould was&nbsp;a director with&nbsp;GMP Securities L.P.&#39;s cannabis practice&nbsp;where he aided in raising and advising over $10 billion worth of corporate mandates across more than 100 transactions.</li>
	<li>Jaiveer Singh, who agreed to the role of advisor and investment committee member, is the CEO of Mint Pharmaceuticals Inc. and an active early-stage investor. He was the chairman of Truverra Inc. until it was acquired by The Supreme Cannabis Company, Inc.&nbsp;(TSX:<a class="ticker" href="https://www.benzinga.com/stock/FIRE#TSX">FIRE</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/SPRWF#OTCQX">SPRWF</a>) in 2019 and is a co-founder of Los Angeles-based hedge fund Medina Singh Partners, LLC.</li>
	<li>Alfred Wong, the company&#39;s vice president of investments, is a venture capitalist and entrepreneur with experience in technology, cannabis, pharmaceuticals&nbsp;and consumer goods. Currently, is the&nbsp;managing director at a boutique management consulting firm.</li>
	<li>Jonathan S. Goldman, who brings over 25 years of experience in business, commercial real estate&nbsp;and infrastructure development, will&nbsp;assume the role of advisor.</li>
</ul>

&quot;The team&#39;s strong foundation of experience will enable us to drive the growth of our portfolio companies and support their success with mentorship, connections, and advisory,&quot; Somjen said. &quot;We are committed to judicious review and analysis of opportunities to secure the right investments for a solid overall portfolio in the exciting and novel psychedelic field.&quot;

<h3>ECGI Holdings Bolsters Management Team With CFO Danny Wong</h3>

ECGI Holdings, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ECGI#OTC">ECGI</a>), a Los Angeles-based company that plans to operate as Elite Cannabis Group, announced recently that it has boosted its management team via the retention of Danny Wong as chief financial officer.

Wong, a veteran of the financial services and consulting industries with substantial experience interfacing with C-suite executives at Fortune 500 companies, opted to oversee all aspects of the company&#39;s financial management as it continues its transition into the North American cannabis marketplace.

&quot;Our plans call for strong growth, and to execute upon our plans, it is important to continue growing our executive ranks,&quot; the company&#39;s CEO William Chung, said. &quot;Danny has the exact type of experience we require to take our operation to the next level. We welcome him to the ECGI team.&quot;

<h3>22nd Century Group Announces New CFO</h3>

Plant-based biotech company 22nd Century Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) announced last week that it has tapped Richard Fitzgerald as chief financial officer.

Fitzgerald, who replaces John Franzino,&nbsp;will be responsible for further developing the company&#39;s business processes and leading the company&#39;s financial planning and analysis, operational finance, human resources&nbsp;and information technology functions&nbsp;as the new chief administrative officer.

&quot;This is a pivotal time for 22nd Century as we build out our leadership team, particularly with the pending MRTP authorization and international launch of our VLN&reg; product,&quot;&nbsp;said James A. Mish, the company&#39;s CEO. &quot;Rich brings a diverse background, including extensive experience in IP and technology licensing in the life science industry, which we believe is timely as we execute on our key launch programs in tobacco, hemp/cannabis, and hops.&quot;

Photo: Courtesy of <a href="https://unsplash.com/@daconja?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">David Gabrić</a> on <a href="https://unsplash.com/s/photos/cannabis?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

Cannabis Movers & Shakers: Leafly, Origin Therapeutics, ECGI Holdings, 22nd Century Group

<article>Will These Penny Stocks Perform Before The Weekend?<a href="https://pennystocks.com/penny-stocks-trading">Penny stocks</a> have continued to pique investors' interests over the past few months. Since COVID, more and more non-institutional investors have gotten into investing. Since most people don't have endless money to invest with, penny stocks can be a great option to see rapid portfolio gains. On the other hand, investors should note that penny stocks can be quite volatile, meaning that big losses are always something to watch out for. Regardless, there are a lot of penny stocks to choose from.These companies span the gamut across the entire stock market and could be anything from <a href="https://pennystocks.com/featured/2020/09/10/penny-stocks-to-watch-if-you-like-gold-september-10-2020/">gold stocks</a> to <a href="https://pennystocks.com/category/penny-stock-sectors/biotech-stocks/">biotech stocks</a>. With the wide breadth of penny stocks available to investors, finding the right one is all about utilizing the information we have on hand. This means researching a given penny stock's financials and what it is doing to secure its place in the future of its specific industry.Read More<ul><li><a href="https://pennystocks.com/featured/2020/09/23/penny-stocks-gone-wild-spi-energy-4345-percent-september-23-2020/">Penny Stocks Gone Wild: SPI Energy (SPI) Just Ran 4,345% Overnight</a></li><li><a href="https://pennystocks.com/featured/2020/09/23/penny-stocks-to-buy-under-350-news-september-23-2020/">4 Penny Stocks To Buy Under $3.50; 2 Surging On Industry News</a></li><li><a href="https://pennystocks.com/featured/2020/09/23/aurora-cannabis-penny-stocks-to-watch-september-23-2020/">Aurora Cannabis: One Of The Penny Stocks To Watch In 2020?</a></li></ul>Because there are so many to choose from, we have to narrow down our list penny stocks based on which companies we think will have the most future success. Or, at the very least, stocks that have enough momentum to present gain potential during the session. While some investors only want short term positions, others are in it for the long haul. With that in mind, here are some <a href="https://pennystocks.com/list-of-penny-stocks/">penny stocks to watch</a> before Friday.Penny Stocks to Watch: Freeman Gold Corp.Freeman Gold Gorp. (OTC:<a class="ticker" href="/stock/FMANF#OTC">FMANF</a>) (CSE:<a class="ticker" href="/stock/FMAN#CSE">FMAN</a>)</a> is one of the gold penny stocks to watch. The company has seen a lot more momentum in the past few months due to the price of gold and growing interest in the mining sector. Freeman's main business is in the exploration and mining of gold & gold ore. Recently, the company is working to secure its name in the Idaho mining industry.Last year, Idaho was ranked No.8 on the Fraser List of areas with the most mining potential. The company just finished its acquisition of Lower 48 Resources Ltd. With this, it now has access to the Lemhi Gold Project in Lemhi County, Idaho. The reason that this is such a big deal is that the Lemhi Project has the potential to rival some of the biggest mines in the gold mining industry.With 355 holes drilled in the mine, Freeman Gold has a solid idea as to where the highest concentrations of gold are. Recently, a study conducted showed that there may be as much as 1.5-2 million ounces of gold in the mine. With so much potential in Lemhi County, Freeman Gold recently purchased a back-in right from Yamana Gold via an all stock transaction. This transaction, worth 5% of the freestanding shares of Freeman Gold, should help to de-risk the project as well as bringing in a notable shareholder like Yamana. Furthermore, Freeman recently acquired the Moon #100 and Moon #101 unpatented mining claims, located within the historical resource area of its Lemhi project. The Moon Claims are in the immediate vicinity of historical drill holes 86065, 93002 and 93005 which contain significant gold mineralization including both broad (193.55 meters of 1.8 grams per tonne gold ('g/t Au') and high grade (57.91 meters of 4.09 g/t Au) gold intercepts.<blockquote class="wp-block-quote">"Freeman now has a complete property package without any back-in rights."<cite>Will Randall, President & CEO</cite></blockquote><div class="wp-block-image"><figure class="aligncenter size-large"><img width="688" height="450" src="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Freeman-Gold-Corp.-FMAN-stock-chart.jpg" alt="penny stocks to watch right now Freeman Gold Corp. (FMAN stock chart)" class="wp-image-10941" srcset="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Freeman-Gold-Corp.-FMAN-stock-chart.jpg 688w, <a href="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Freeman-Gold-Corp.-FMAN-stock-chart-300x196.jpg" title="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Freeman-Gold-Corp.-FMAN-stock-chart-300x196.jpg">https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Freeman-Gold-Corp.-FMAN-stock-chart-300x196.jpg</a> 300w" sizes="(max-width: 688px) 100vw, 688px"></figure></div>Penny Stocks to Watch: Digital Ally Inc.Digital Ally, Inc. (<a href="https://pennystocks.com/ticker/?symbol=DGLY">DGLY Stock Report</a>) has been in and out of the spotlight amid two recent trends. First, the company's push to get a foot in the door of COVID-related catalysts has bee evident. Next, you've got its original business model focused on security and body cams amid recent riots. Back <a href="https://pennystocks.com/featured/2020/04/06/best-penny-stocks-to-buy-sell-this-month-april-6-2020/">in April</a>, started to watch Digital Ally as it "diversified" a bit. The company announced a partnership with Trust Think Products, LLC, the exclusive distributor of the Danolyte(R) disinfectant. Obviously, this was a long way away from its main business model. However, at that time, companies were trying to do anything to find a path to revenue. During the months to follow, we saw DGLY stock surge and in June it reached a high of $7.10.Last month the company focused on its video solutions. A few weeks back, Digital Ally announced a partnership with DANA Safety Supply to be a certified domestic outfitter of the company's law enforcement video solutions. Then just recently Digital Ally received an order from Linn County Kansas for its ThermoVu non-contact temperature screening devices.[Read More] <a href="https://pennystocks.com/featured/2020/09/22/penny-stocks-to-buy-hold-according-analysts-september-22-2020/">3 Penny Stocks To Buy & 1 To Hold According To These Analysts</a>If you weren't paying attention to DGLY stock on Wednesday, that's ok. There were several other big breakout penny stocks to watch. However, it is important to note that near the end of the session shares of Digital Ally started spiking. Recent developments out of Kentucky seem to have sparked interest in companies in the business of body cams. Will that momentum translate favorably into Thursday's session?<div class="wp-block-image"><figure class="aligncenter size-large"><img width="688" height="450" src="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Digital-Ally-Inc.-DGLY-stock-chart.jpg" alt="penny stocks to watch right now Digital Ally Inc. (DGLY stock chart)" class="wp-image-10943" srcset="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Digital-Ally-Inc.-DGLY-stock-chart.jpg 688w, <a href="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Digital-Ally-Inc.-DGLY-stock-chart-300x196.jpg" title="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Digital-Ally-Inc.-DGLY-stock-chart-300x196.jpg">https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Digital-Ally-Inc.-DGLY-stock-chart-300x196.jpg</a> 300w" sizes="(max-width: 688px) 100vw, 688px"></figure></div>Penny Stocks to Watch: Biolase Inc.Biolase Inc. (<a href="https://pennystocks.com/ticker/?symbol=BIOL">BIOL Stock Report</a>) is another one of the penny stocks surging late in the day on Wednesday. Shares have been in a funk for most of the 3rd quarter. There've been a few intermittent spikes of trading momentum during that time. However, the trend has been relatively bearish. Biolase is a medical device company that develops dental laser systems. For the most part, September has been a month full of presentations. The company just hosted a webinar during a panel discussion on the NEW Journal of Periodontology landmark study. This was from the McGuire Institute and compared periodontal flap surgery to BIOLASE's REPAIR Perio laser protocol in managing periodontitis. While the awareness of its platform is important, this week's developments have become a larger catalyst.Was there a press release that came from the company? No, however, reports have surfaced that the European Patent Office granted Biolase a new patent. The title is "HANDPIECE FINGER SWITCH FOR ACTUATION OF HANDHELD MEDICAL INSTRUMENTATION." Specifically, the invention provides a handpiece for medical instrumentation. It's yet to be seen as to what the company says in response to this development. Needless to say, we can already see the market's response late in the session on Wednesday. <div class="wp-block-image"><figure class="aligncenter size-large"><img width="688" height="450" src="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Biolase-Inc.-BIOL-stock-chart.jpg" alt="penny stocks to watch right now Biolase Inc. (BIOL stock chart)" class="wp-image-10944" srcset="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Biolase-Inc.-BIOL-stock-chart.jpg 688w, <a href="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Biolase-Inc.-BIOL-stock-chart-300x196.jpg" title="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Biolase-Inc.-BIOL-stock-chart-300x196.jpg">https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Biolase-Inc.-BIOL-stock-chart-300x196.jpg</a> 300w" sizes="(max-width: 688px) 100vw, 688px"></figure></div>Penny Stocks to Watch: Lantronix Inc.Lantronix Inc. (<a href="https://pennystocks.com/ticker/?symbol=LTRX">LTRX Stock Report</a>) is a digital network company that works in data and data management. The company has been working on several IoT products to help assist businesses in their daily functions. Its three main product lines are IoT, IT management, and other digital solutions. While it does work in industrial sectors, its business spans several aspects of the market. This includes healthcare, security, energy, transportation and government operations. [Learn More] <a href="https://pennystocks.com/featured/2020/09/19/what-does-volume-mean-in-penny-stocks-how-to/">What Does Volume Mean In Penny Stocks?</a>More companies than ever are turning to digital platforms. With this, it seems as though IoT and digital software companies are some of the most prominent businesses. Whether or not it is able to continue performing well remains unknown. This morning the company announced its new Open-O 865XR System on Model (SOM) solution for its IoT applications. The product enables product designers to quickly kickstart development for IoT solutions needing advanced technologies. Some of the company's listed customers on its website include Verizon, GE Healthcare, Bosch, Shell, Mitsubishi Electric, and Harris.Considering Wednesday saw LTRX stock trade its highest single-day share volume this year, do you think the same momentum can carry through the end of the week?<div class="wp-block-image"><figure class="aligncenter size-large"><img width="688" height="450" src="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Lantronix-Inc.-LTRX-stock-chart.jpg" alt="penny stocks to watch right now Lantronix Inc. (LTRX stock chart)" class="wp-image-10942" srcset="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Lantronix-Inc.-LTRX-stock-chart.jpg 688w, <a href="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Lantronix-Inc.-LTRX-stock-chart-300x196.jpg" title="https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Lantronix-Inc.-LTRX-stock-chart-300x196.jpg">https://pennystocks.com/wp-content/uploads/2020/09/penny-stocks-to-watch-right-now-Lantronix-Inc.-LTRX-stock-chart-300x196.jpg</a> 300w" sizes="(max-width: 688px) 100vw, 688px"></figure></div><div class="wp-block-image"><figure class="aligncenter size-large"><img width="736" height="169" src="https://pennystocks.com/wp-content/uploads/2020/09/freeman-gold-corp-disclaimer-FMAN.png" alt="freeman gold corp disclaimer FMAN" class="wp-image-10436" srcset="https://pennystocks.com/wp-content/uploads/2020/09/freeman-gold-corp-disclaimer-FMAN.png 736w,https://pennystocks.com/wp-content/uploads/2020/09/freeman-gold-corp-disclaimer-FMAN-300x69.png 300w" sizes="(max-width: 736px) 100vw, 736px"></figure></div><a href="https://pennystocks.com/disclaimer/">Click here for full disclaimer</a>
<img alt="comtex tracking" height="1" src="https://prt.comtex.com/prt.php?ContentID=371774592&SourceID=2686&EndPointID=4070&DateTime=2020-09-23T20:34:39&Headline=Top%20Penny%20Stocks%20To%20Watch%20Before%20Friday;%204%20For%20Your%20List%20Right%20Now" width="865">COMTEX_371774592/2686/2020-09-23T20:34:39Is there a problem with this press release? Contact the source provider Comtex at <a href="mailto:editorialpr@comtex.com">editorialpr@comtex.com</a>.</article>

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