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Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore and Malaysia contributed 58% of revenue as of end-2021. Grab's main competitors in Southeast Asia are Foodpanda and Gojek, the ride-sharing arm of GoTo. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.

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Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

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Since the first presidential debate, much of the political conversation has been on whether President Joe Biden would step down from the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
The conversation could quickly turn toward former President Donald Trump's campaign with a long-awaited vice president pick coming any day.
What Happened: Betting odds show Trump as <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39651791/kamala-harris-trumps-biden-in-2024-election-odds-leads-her-boss-in-3-of-6-swing-states">the heavy favorite</a> to win the 2024 presidential election.
While many voters may be selecting Trump based on his political affiliation, past history running the country or as their preferred candidate over Biden, other voters may be looking forward to hearing who his vice president pick will be.
"It could happen any time this week," Trump adviser Jason Miller said of the vice president pick, as <a href="https://abcnews.go.com/Politics/trumps-vp-announcement-monday-adviser/story?id=111745435">shared </a>by ABC News.
Miller made the comments Monday during an appearance on Fox &amp; Friends.
"By this time next Monday, we will know who President Trump has selected as his running mate for the 2024 election," Miller said.
The announcement will come as the Republican National Convention kicks off next Monday and was seen as a key date in publicly showing off the new candidate.
Miller would not share specifics on who the battle came down to for vice president, but said that Trump was considering potential running mates other than Marco Rubio, J.D. Vance and Doug Burgum, who are considered by many to be the frontrunners.
Last month, Trump said he had made up his mind on who his running mate would be and was ready to share the news soon.
"Right around the convention, maybe a little before," Trump said while campaigning last month.
Trump's pick is expected to be at a fundraiser next week during the Republican National Committee and make appearances during the key political event.
Several potential names on the shortlist have said they have not been contacted by Trump to be the vice president, including Vance and Rubio.
Candidates who received vetting requests from Trump's campaign previously include Burgum, Rubio, Vance, Tim Scott, Byron Donalds, Elise Stefanik and Ben Carson.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38739470/trumps-next-vice-president-doug-burgum-could-go-from-1-republican-voter-support-to-white-h">Trump&#8217;s Next Vice President? Doug Burgum Could Go From 1% Republican Voter Support To White House</a>
Betting Odds Shift: With news that a vice president for Trump could be announced soon, prediction markets remain hot on making wagers on who will be selected.
Calling itself the world's largest prediction market, Polymarket offers betting on items in categories such as politics, sports, cryptocurrency, pop culture and more.
On Polymarket, users deposit to Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) and can deposit with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). Winning wagers cash out at $1.
Here are the current betting <a href="https://polymarket.com/event/republican-vp-nominee?tid=1720560363530">odds </a>for Trump's vice president picks as of July 9, with the odds from<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39211388/donald-trump-vets-vice-presidential-candidates-gops-top-contenders-betting-odds"> June and May</a> in parentheses:
Other Man: 38% (17% June, 20% May)
J.D. Vance: 27% (17% June, 13% May)
Marco Rubio: 14% (11% June, 9% May)
Ben Carson: 8% (8% June, 4% May)
Vivek Ramaswamy: 6% (5% June, 1% May)
Tim Scott: 5% (25% June, 19% May)
Other Woman: 4% (6% June, 8% May)
Sarah Huckabee Sanders: 3% (7% June, 2% May)
Elise Stefanik: 2% (5% June, 5% May)
The Other Man category continues to lead the way in the race and includes North Dakota Gov. Doug Burgum and other candidates who weren't listed in the Polymarket initial odds. The prediction market for Trump's vice president has surpassed $66.6 million, up from $31 million last month.
Vance <a href="https://x.com/Polymarket/status/1810336877855076391">surged </a>in the market and on Monday even briefly became the betting favorite at 31%.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/05/38780518/potential-trump-vp-contender-jd-vance-ready-to-accept-2024-election-results-as-long-as-they-are-free">Potential Trump VP Contender JD Vance Ready To Accept 2024 Election Results As Long As They Are &#8216;Free And Fair&#8217;</a></li>
</ul>

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Trump Vice President Pick Coming 'Any Time': Betting Odds Show New Favorite Emerging

Serial entrepreneur and investor Gary Vaynerchuk (aka Gary Vee) was an early investor in companies like Facebook, Twitter, Tumblr, Snap and Venmo. Vee was also an early investor in Uber, before the company completed a highly anticipated <a href="https://www.benzinga.com/general/education/20/05/15947550/one-year-since-ubers-ipo-a-look-at-the-stocks-bumpy-ride">IPO in May 2019.</a>
What Happened: Ride-share company Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is a leader in the sector that didn't exist decades ago. The company's May 2019 IPO was one of the <a href="https://www.benzinga.com/startups/23/05/32327831/how-ubers-earliest-investors-cashed-in-on-a-1-700-000-gain-on-ipo-day">largest at the time.</a>
Investors who bought into Uber before the company went public could be up on their investment
Vee invested in the company early, but not as early as he wished.
"One of the greatest mistakes of my investing career was passing on investing in Uber in the angel round twice," Vee recently said on his <a href="https://www.facebook.com/story.php?story_fbid=1054326089395092&amp;id=100044531315333&amp;mibextid=oFDknk&amp;rdid=H6bfQ9GE6bOvfvuE">Facebook account.</a>
Vee recalled being in the "room where Uber was invented," but passing on investing in the company early on two different occasions.
The entrepreneur was friends with Uber co-founders Travis Kalanick and Garrett Camp and recalled being in a room with Camp after giving a speech at LeWeb.
"Wouldn't it be cool if on your phone there was an app and you could order a limousine that would pick you up right away," Vee <a href="https://www.facebook.com/watch/?v=279838819637345">recalled </a>Camp said in a backstage room to a few people.
Vee said his first thought was this sounded like a rich person's problem. Months later Vee ran into Camp and was told that the concept had been created and was called Uber Cab.
Uber co-founders Camp and Kalanick hired a CEO and outsourced the building of the company's app while they worked on other projects.
"The biggest reason I didn't invest is because it was a side project."
While Vee didn't invest in the angel rounds, he later invested in Uber before the company went public.
"Part of the reason I invested in the next round was because my brother AJ took the first Uber ride in New York City when the founder of Uber came and asked us to test it."
It was at this moment, Vee learned the importance of what Uber was as a company.
"That was the moment I realized, Uber doesn't sell transportation, Uber sells time."
Vee said Uber provides an app that is seamless and less friction than other transportation methods.
"The number one emerging thing in society in value is time … people value time over everything."
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39076022/veecon-2024-speakers-announced-x-ceo-linda-yaccarino-content-creator-khaby-lame-gary-vee-a">VeeCon 2024 Speakers Announced: X CEO Linda Yaccarino, Content Creator Khaby Lame, Gary Vee Among Special Guests To Appear At Festival That Combines Business, Pop Culture, Web3</a>
 Why It's Important: Uber raised $8.1 billion in their 2019 IPO with shares priced at $45 each.
Vee previously recalled that if he had invested his normal $25,000 to $50,000 angel round check in Uber when he had the early chance, the investment would be worth $500 million to $800 million at the time of the IPO.
Here's a look at how Uber stock has performed since going public, with a <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">Benzinga Pro chart.</a>
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="509" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09172212/Screenshot-41.png" alt="" class="wp-image-427356" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09172212/Screenshot-41.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09172212/Screenshot-41-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09172212/Screenshot-41-768x394.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
While he missed out on the early fortune from Uber, Vee has had several success stories with early investments and the companies he has founded. Vee has also utilized the missed opportunity as a learning lesson.
"I regret not investing in the company, but I'm also glad the market punched me in the face," Vee said, as shared by <a href="https://www.cnbc.com/2019/06/28/gary-vaynerchuk-i-didnt-invest-in-uber-and-5-other-biggest-millionaires-money-regrets.html">CNBC</a>. "I deserved it — and I'm even more driven now because of it. That's why I grab every opportunity I can."
Vee also <a href="https://garyvaynerchuk.com/uber-airbnb-never-should-have-happened-the-way-they-did/">shared </a>in 2016 that Uber was a company which shouldn't have happened the way it did, but is an important lesson for entrepreneurs and business leaders.
"Everything from calculating your tip to ordering on-demand cars is now at scale — at our fingertips — and the market has taken hold of that notion. When these technological shifts happen, too many businesses get left in the dust because they're too comfortable with their current successes."
At the time, Vee said he wakes up every morning and thinks about how he could put himself out of business, focusing on how other businesses could disrupt his financials.
"By thinking about what they could do, I can do it myself and innovate my business." &nbsp;
Vee said the Uber co-founders put most taxi cabs out of business and Airbnb co-founders Brian Chesky and Joe Gebbia was able to compete with hotel chains like Hilton.
"They innovated where their traditional rivals didn't. They were innovators that saw the white space in the evolving internet marketplace."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/23/04/31758131/gary-vee-warns-ai-and-chatgpt-could-take-jobs-why-he-thinks-thats-okay-and-how-its-similar-to-tracto">Gary Vee Warns AI And ChatGPT Could Take Jobs, Why He Thinks That&#8217;s Okay And How It&#8217;s Similar To Tractors</a></li>
</ul>

Photo: Vaynor Media, public domain

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UBER

Gary Vee Calls Not Investing In Uber Angel Round One Of His 'Greatest Mistakes': 'People Value Time Over Everything'

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Guidance

Solaris Expects Q2 Revenue To Be $70M - $75M (Est $62.65M) And Adjusted EBITDA To Be $20M - $21M

Ukrainian President Volodymyr Zelenskyy arrived in Washington, D.C., as the North Atlantic Treaty Organization (NATO) summit got underway with providing long-term support for Ukraine in the<a href="https://www.benzinga.com/news/24/07/39678547/biden-slams-russian-missile-strikes-on-ukraines-largest-childrens-hospital-horrific-reminder-of-russ"> war against Russia </a>topping the agenda.
The Ukrainian leader will seek to shore up and boost allied support for&nbsp;his country, meet with President Joe Biden and deliver a major speech on the sidelines of the summit, CNN <a href="https://www.cnn.com/2024/07/09/politics/zelensky-ukraine-nato-summit/index.html">reported</a>. The U.S. promised "significant" announcements&nbsp;on&nbsp;Ukraine during the three-day global gathering&nbsp;that began Tuesday.
The country will fight for "decisive actions" from the U.S. and Europe at the summit, Zelenskyy said Tuesday in his first remarks since arriving in the U.S. capital.
Zelenskyy said Ukraine will ask for more air defense systems, F-16 jets and additional security guarantees, "including weapons and finances, political support," according to CNN.
Also Read: <a href="https://www.benzinga.com/news/24/06/39458304/man-behind-ukraines-naval-operations-reveals-how-drones-frightened-russian-fleet-in-black-sea-battle">Man Behind Ukraine&#8217;s Naval Operations Reveals How Drones &#8216;Frightened&#8217; Russian Fleet In Black Sea Battle</a>
Zelenskyy arrived in Washington on Monday evening, the same day that Russia released a barrage of missiles on Ukraine that destroyed numerous buildings throughout the country, including Ukraine&#8217;s <a href="https://www.benzinga.com/news/24/07/39673768/russia-rains-missiles-on-ukraine-as-nato-readies-to-discuss-military-aid">largest children&#8217;s hospital</a>, and killed three dozen people.
Ukrainian officials said the timing of Moscow's assault — a day before the start of the summit — was calculated, CNN reported. It was "a hello from Putin to all the NATO countries … making fun of us trying to follow red lines," as Ruslan&nbsp;Stefanchuk, the chair of Ukraine's parliament, said.
They also said the attack underscored the need for continued military support for Ukraine — and the ability to use those weapons to strike targets deep inside Russian territory.
Price Action:&nbsp;U.S. missile manufacturers that have supplied munitions to Ukraine gave mixed reactions on Tuesday.&nbsp;Northrup Grumman Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) declined 1.52% to close at $423.73, while&nbsp;RTX Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) ticked up 1.01% to $101.01.&nbsp;Lockheed Martin Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) slipped 0.32% to $460.30.
Aerospace and defense exchange-traded funds remained relatively flat on Tuesday.&nbsp;iShares U.S. Aerospace &amp; Defense ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) slipped 0.32% to $132.81 and&nbsp;Invesco Aerospace &amp; Defense&nbsp;ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>)&nbsp;slipped 0.38% to $102.85.&nbsp;SPDR S&amp;P Aerospace &amp; Defense ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>)&nbsp;declined 0.66% to $140.72.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39322621/biden-zelenskyy-strengthen-ties-with-new-security-agreement-at-g7-summit">Biden, Zelenskyy Strengthen Ties With New Security Agreement At G7 Summit</a></li>
</ul>
Photo: Shutterstock

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iShares Dow Jones US Aerospace & Defense Index Fund

Zelenskyy Lands In Washington As NATO Summit Puts Ukraine Aid First

Concurrent with the closing of Mobile Energy Rentalstransaction, Solaris Oilfield Infrastructure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOI#NYSE">SOI</a>) intends to rename the Company Solaris Energy Infrastructure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEI#NYSE">SEI</a>).

Solaris Oilfield Infrastructure Intends To Rename Solaris Energy Infrastructure, Inc.

Tigress Financial analyst Ivan Feinseth maintains Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) with a Strong Buy and raises the price target from $4285 to $4580.

Price Target

Analyst Ratings

BKNG

Tigress Financial Maintains Strong Buy on Booking Holdings, Raises Price Target to $4580

MER is a premier provider of distributed power solutions serving the energy and commercial &amp; industrial (&quot;C&amp;I&quot;) end-markets.
&nbsp;Transaction consideration includes&nbsp;$60 million&nbsp;of cash and the issuance of approximately 16.5 million shares of Solaris Class B common stock to MER&#39;s founders and management team, who will join Solaris post-closing

Solaris Oilfield Infrastructure Agrees To Acquire Mobile Energy Rentals LLC For $200M

UBS analyst Joshua Raskin maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Neutral and lowers the price target from $172 to $160.

UBS Maintains Neutral on Westlake, Lowers Price Target to $160

UBS analyst Joshua Spector maintains Tronox Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TROX#NYSE">TROX</a>) with a Neutral and lowers the price target from $19 to $18.

TROX

UBS Maintains Neutral on Tronox Holdings, Lowers Price Target to $18

UBS analyst Damian Karas maintains SiteOne Landscape Supply (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SITE#NYSE">SITE</a>) with a Buy and lowers the price target from $190 to $185.

SITE

UBS Maintains Buy on SiteOne Landscape Supply, Lowers Price Target to $185

UBS analyst Joshua Spector maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Buy and lowers the price target from $385 to $355.

UBS Maintains Buy on Sherwin-Williams, Lowers Price Target to $355

Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) has outperformed the market over the past 5 years by 19.89% on an annualized basis producing an average annual return of 32.96%. Currently, Riot Platforms has a market capitalization of $2.64 billion. 
Buying $100 In RIOT: If an investor had bought $100 of RIOT stock 5 years ago, it would be worth $404.42 today based on a price of $9.15 for RIOT at the time of writing.
<h3>Riot Platforms's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720560632_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

RIOT

If You Invested $100 In This Stock 5 Years Ago, You Would Have $400 Today

Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) has outperformed the market over the past 15 years by 1.85% on an annualized basis producing an average annual return of 14.49%. Currently, Delta Air Lines has a market capitalization of $30.29 billion. 
Buying $1000 In DAL: If an investor had bought $1000 of DAL stock 15 years ago, it would be worth $7,841.14 today based on a price of $46.94 for DAL at the time of writing.
<h3>Delta Air Lines's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720560627_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 This Stock 15 Years Ago Would Be Worth $7,800 Today

UBS analyst Brennan Hawken maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Buy and lowers the price target from $91 to $90.

SCHW

UBS Maintains Buy on Charles Schwab, Lowers Price Target to $90

UBS analyst Joshua Spector maintains RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) with a Neutral and lowers the price target from $122 to $117.

UBS Maintains Neutral on RPM Intl, Lowers Price Target to $117

UBS analyst Brian Meredith maintains RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) with a Neutral and lowers the price target from $251 to $248.

UBS Maintains Neutral on RenaissanceRe Holdings, Lowers Price Target to $248

UBS analyst Brennan Hawken maintains Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) with a Neutral and lowers the price target from $138 to $135.

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