Klotho Neurosciences Stock (NASDAQ: KLTOW)

Latest news for Klotho Neurosciences (NASDAQ:KLTOW) Stock

Klotho Neurosciences Inc is in the development of patented, novel disease-modifying technologies targeting the brain and central nervous system (CNS) that are seen as key developments in treating neurodegenerative and age-related disorders.

Klotho Neurosciences Inc

<ul>
<li>GraftAssure&trade; research assay adopted by two research hospitals that are top-five-in-country by organ transplant volume</li>
<li>Company clears first stage gate in clinical product development process and has submitted a Q-Sub to the FDA</li>
</ul>

News

Reported Earlier, Oncocyte Signs Leading U.S. and German Transplant Centers For GraftAssure Adoption, Submits Q-Sub To FDA

Gmail, the email service provided by Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) <a href="https://www.benzinga.com/markets/asia/24/10/41157486/google-offers-to-settle-indian-antitrust-case-related-to-smart-tv-probe-report">subsidiary Google</a>, has introduced dynamic summary cards that will make it easier for users to track purchases, events, bills, and travel details directly from their inboxes.
What Happened: The new summary cards in Gmail are designed to simplify the management of important information that often gets lost in the clutter of emails and apps. 
These cards have been revamped to provide a more comprehensive and dynamic experience. The new features include action buttons for adding events to the calendar, reminders for bill payments, and real-time updates on deliveries.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03020730/Gmail-cards-1024x576.jpg" alt="" class="wp-image-577904" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03020730/Gmail-cards-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03020730/Gmail-cards-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03020730/Gmail-cards-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03020730/Gmail-cards.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Photo courtesy: Google</figcaption></figure>
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These summary cards will now be available in more sections within Gmail, such as the &#8220;Happening soon&#8221; section of the inbox and in Gmail search. They will also be more powerful on the backend, organizing key information from related emails and updating in real-time.
See Also: <a href="https://www.benzinga.com/news/24/09/41087287/elon-musk-responds-after-y-combinators-paul-graham-says-twitter-name-change-was-a-waste-of-time-you?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Responds After Y Combinator&#8217;s Paul Graham Says Twitter Name Change &#8216;Was A Waste Of Time:&#8217; &#8216;You Know Nothing&#8217;</a>
Why It Matters: The updated summary cards will be available across four common email categories: Purchases, Events, Bills, and Travel. They will offer users quick access to essential information and relevant actions, such as &#8220;Get directions,&#8221; &#8220;Invite others,&#8221; &#8220;Track package,&#8221; &#8220;Check in,&#8221; &#8220;Remind me,&#8221; or &#8220;Mark as paid.&#8221; 
The cards will also be dynamic, providing users with real-time updates on upcoming events, deliveries, and deadlines.
A new &#8220;Happening soon&#8221; section at the top of inboxes will allow users to see the most timely updates without opening individual emails. The section will initially show purchase summary cards and will only appear when relevant.
With this update, Gmail aims to streamline the management of <a href="https://www.benzinga.com/news/24/08/40575951/google-now-lets-you-quickly-reply-to-emails-making-email-responses-as-easy-as-texting">important information for its users</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>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s SearchGPT Set To Disrupt Google&#8217;s Search Empire As Former Engineer Sounds Alarm On Deteriorating User Experience Amid Rising Competition</a></li>
</ul>
Photo courtesy: Google
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Markets

Tech

GOOG

GOOGL

Gmail Introduces Dynamic Summary Cards For Easier Tracking Of Purchases, Events, And More

For September 2024, the total number of terminal passengers at GAP&#39;s 12 Mexican airports decreased by&nbsp;3.6%, compared to September 2023. Guadalajara airport presented an increase in passenger traffic of&nbsp;4.1%, while Los Cabos, Tijuana, and Puerto Vallarta airports presented a decrease in passenger traffic of&nbsp;9.9%,&nbsp;6.2%, and&nbsp;5.1%&nbsp;respectively, compared to September 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of&nbsp;11.5%.

Reported Earlier, Grupo Aeroportuario del Pacifico September 2024 Passenger Traffic Decreased 3.9% Compared To 2023

Faraday Future&#39;s Global CEO, Matthias Aydt, and Founder and Chief Product and User Ecosystem Officer of FF, YT Jia, purchased shares of the Company&#39;s Class A common stock in September, in an aggregate amount of 10,455 shares for&nbsp;$35,799&nbsp;(consisting of 5,313 shares for&nbsp;$18,192&nbsp;for Mr. Aydt, and 5,142 shares for&nbsp;$17,606&nbsp;for Mr. Jia).

FFIE

Faraday Future Execs Commit Salaries To Buy Over 10K Shares In ~$36K Stock Purchase

This story was originally published on the&nbsp;<a href="http://in.benzinga.com/" target="_blank">Benzinga India portal</a>.
Google&nbsp;(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>) has reportedly put forth a settlement proposal in an anti-<a href="https://www.benzinga.com/money/setting-up-a-trust/">trust</a> case in India. This move comes after an investigation found that the internet giant&#39;s contracts with smart TV manufacturers were likely in violation of the country&#39;s competition laws.
What Happened: Google would be the first corporation to use the settlement scheme inserted into India&#39;s competition law last year, Livemint reported, citing sources.&nbsp;
The&nbsp;Competition Commission of India (CCI)&nbsp;recently took note of a report that found Google engaging in anti-competitive behavior. The settlement scheme provides a 15% reduction on the base penalty for companies found to be involved in anti-competitive activities.
The CCI launched an investigation&nbsp;in June 2021 after two&nbsp;individuals alleged that&nbsp;Google LLC&nbsp;and&nbsp;Google India&nbsp;had infringed competition law provisions.
Do you want to keep up with all the latest stock market updates in India? Sign up for the&nbsp;<a href="https://share.hsforms.com/1K1H7Kd0aRhmSdDIuxTAkxg1npzh?utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-9Epn7q6aJNp9GSC5EOIhi4bHzDb9Xseqz4PYaEI7sGMhIcV2Rv9ZPxiCYKVKvNojA6WoH5" target="_blank">Benzinga India weekly newsletter</a>.
In a recent report to the anti-<a href="https://www.benzinga.com/money/setting-up-a-trust/">trust</a> watchdog, the Director General of Investigation said its probe confirmed that Google had violated provisions prohibiting&nbsp;anti-competitive agreements and abuse of&nbsp;market dominance in the Android&nbsp;TV market, sources told the publication.
The&nbsp;new schemes added to the competition law allow companies suspected of violations to&nbsp;make voluntary commitments to address&nbsp;regulatory concerns before the investigation&nbsp;is completed. In cases where the investigation is already completed, companies&nbsp;may offer to settle the&nbsp;case and pay a reduced penalty.
The CCI scrutinized two agreements that Google had signed with smart TV manufacturers like&nbsp;Xiaomi Technology India. These agreements allegedly imposed restrictions on TV manufacturers, compelling them&nbsp;to preinstall the entire suite&nbsp;of Google apps if they wanted to preinstall a particular Google app, such as&nbsp;YouTube.
Read Next:&nbsp;<a href="https://in.benzinga.com/markets/equities/24/10/41157069/why-tata-motors-shares-are-bleeding-in-early-trade-today" rel="noreferrer noopener" target="_blank">Why Tata Motors Shares Are Bleeding In Early Trade Today</a>
Disclaimer: Artificial intelligence was used as a secondary aid in writing this story.

Asia

General

Google Offers To Settle Indian Antitrust Case Related To Smart TV Probe: Report

The SEC has decided to appeal against a 2023 ruling in the hotly contested legal battle against Ripple Labs that dismissed the agency&#8217;s broader claims about XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) sales.
What Happened: The SEC lodged a notice of appeal aiming to overturn a <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33219187/major-victory-for-ripple-xrp-sales-not-classified-as-investment-contracts-judge-rules">prior decision</a> made by Judge Analisa Torres that deemed programmatic sales of XRP to retail clients as legal while ruling that sales to institutional investors violated securities laws. 
The SEC didn&#8217;t immediately respond to Benzinga&#8217;s request for comment on the matter.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">(1) The SEC&#39;s decision to appeal is disappointing, but not surprising. This just prolongs what&#39;s already a complete embarrassment for the agency. The Court already rejected the SEC's suggestion that Ripple acted recklessly, and there were no allegations of fraud and, of course,… <a href="https://t.co/PQozMMtthf">https://t.co/PQozMMtthf</a>
&mdash; Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1841596012588114116?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
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Ripple&#8217;s Chief Legal Officer Stuart Alderoty called the latest appeal &#8220;disappointing&#8221; and one that prolongs a &#8220;complete embarrassment&#8221; for the SEC. 
Ripple CEO Brad Garlinghouse also blasted the ruling, criticizing the SEC&#8217;s refusal to move on from the case despite its role in damaging the agency&#8217;s credibility.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If Gensler and the SEC were rational, they would have moved on from this case long ago. It certainly hasn't protected investors and instead has damaged the credibility and reputation of the SEC. Somehow, they still haven&#39;t gotten the message: they lost on everything that… <a href="https://t.co/1hW7xVSL9b">https://t.co/1hW7xVSL9b</a>
&mdash; Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1841597085264839113?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41156985/edward-snowden-under-fire-solana-developer-challenges-nsa-whistleblower-you-are-full-of-ba">Edward Snowden Under Fire: Solana Developer Challenges NSA Whistleblower — &#8216;You Are Full Of Baloney&#8217; If You Can&#8217;t Back Up Your Centralization Claims!</a>
SEC&#8217;s appeal came on the day cryptocurrency index fund manager Bitwise Asset Management <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41134111/after-bitcoin-ethereum-an-xrp-etf-bitwise-registers-filing-in-delaware-amid-rippe-vs-sec-l">officially filed for the first-ever</a> XRP exchange-traded fund (ETF) in the U.S. with the regulator.
Price Action: At the time of writing, XRP was trading at $0.5379, plunging over 10% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Image via Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41156448/trump-vows-to-save-silk-road-creator-ulbricht-now-12-years-into-sentence-for-bitcoin-fuele">Trump Vows To &#8216;Save&#8217; Silk Road Creator Ulbricht, Now 12 Years Into Sentence For Bitcoin-Fueled Dark Web Crimes</a></li>
</ul>

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

Cryptocurrency

Government

Regulations

$XRP

Gary Gensler's SEC Appeals 2023 Ruling Against Ripple Labs — XRP Tanks 10%: Just Prolongs 'Complete Embarassment' For Agency Says Company Exec

In a recent LinkedIn post, billionaire investor Ray Dalio, founder of Bridgewater Associates, offered his insights on China&#8217;s economic future, suggesting the <a href="https://www.benzinga.com/news/24/09/40934156/billionaire-ray-dalio-warns-fed-faces-tough-road-ahead-balancing-interest-rate-cuts-and-enormous-us">country stands at a critical juncture</a>. 
What Happened: Dalio&#8217;s analysis comes in the wake of significant policy announcements by Chinese leadership, including President Xi Jinping and key economic bodies.
Dalio highlighted three key factors that have set Chinese markets &#8220;on fire&#8221;: A &#8220;reflationary barrage&#8221; of fiscal and monetary policies, strong statements supporting free markets, and the current low valuation of Chinese assets. 
The investor compared the potential impact of these developments to former President of the European Central Bank Mario Draghi&#8216;s famous &#8220;whatever it takes&#8221; moment during the European debt crisis, emphasizing the historical significance of China&#8217;s policy shift.
Drawing on his 55 years of experience as a global macro investor, Dalio outlined two potential paths for China: Engineering a &#8220;beautiful deleveraging&#8221; that reduces debt burdens and stimulates productivity, or allowing the debt crisis to drag on, potentially leading to economic stagnation similar to Japan&#8217;s experience. 
Dalio emphasized that success hinges on Chinese policymakers&#8217; ability to restructure bad debts, lower interest rates below inflation and nominal growth rates, and monetize debt if necessary while weakening the currency to devalue debt.
&#8220;For China&#8217;s policymakers to engineer a &#8216;beautiful deleveraging,&#8217; they have to lower debt burdens by simultaneously doing debt restructurings that clean the bad debts out of the system (which is deflationary) while also creating money and credit (which is stimulative and inflationary) in a balanced way,&#8221; Dalio wrote.
Despite the positive market reaction, Dalio identified several key challenges: Complex and politically charged debt restructurings, especially at local government levels; the need for comprehensive tax system reform; and demographic issues, including early retirement ages and a declining working population.
Dalio placed China&#8217;s economic situation within a broader framework of global forces, including internal political conflicts, external geopolitical tensions, natural disasters and climate change, and technological advancements. He suggested that these developments are part of a larger cycle that will shape the future global order.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41109111/tesla-rivals-li-auto-xpeng-clock-record-september-deliveries-end-q3-on-a-strong-note?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Rivals Li Auto, XPeng Clock Record September Deliveries, End Q3 On A Strong Note</a>
Why It Matters: China&#8217;s recent economic strategies come at a time when the nation is poised to surpass the United States in advanced technology and <a href="https://www.benzinga.com/news/24/10/41142611/china-set-to-surpass-us-in-advanced-military-manufacturing-by-2035-report">military manufacturing by 2035,</a> as reported by the South China Morning Post. This strategic shift reflects China&#8217;s ambition to strengthen its global economic and technological influence.
However, the <a href="https://www.benzinga.com/opinion/24/10/41148148/why-chasing-the-china-rally-could-cost-you-everything">recent market rally</a> following China&#8217;s stimulus plan has raised questions about its long-term sustainability. While the CSI 300 index surged nearly 16% last week, there are concerns about the structural issues within China&#8217;s economy, particularly in the real estate sector.
Additionally, the United States has voiced concerns over <a href="https://www.benzinga.com/news/24/10/41117633/us-raises-alarm-over-chinas-secretive-emergency-loans-calls-for-greater-transparency">China&#8217;s secretive emergency</a> loans to debt-laden countries, citing transparency issues. This has prompted calls for greater clarity from China regarding its lending terms.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41082667/heres-why-china-is-urging-its-companies-to-forgo-nvidias-chips?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s Why China is Urging Its Companies to Forgo Nvidia&#8217;s Chips</a></li>
</ul>
Image via Flickr/ World Economic Forum
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Ray Dalio Sees Potential For 'Beautiful Deleveraging' In Xi Jinping's Economic Strategy For China

Pavel Durov&#8217;s Telegram, the widely-used social media platform, has acknowledged its compliance with multiple U.S. law enforcement data requests this year.
What Happened: Following the <a href="https://www.benzinga.com/news/24/09/40893281/telegram-ceo-pavel-durov-faces-10-year-sentence-and-500k-fine-in-frances-first-cybercrime-case-under">arrest of Durov&nbsp;by French police</a> in August,&nbsp;Telegram has expanded its privacy policy to encompass data requests linked to a broader spectrum of criminal activities, <a href="https://www.404media.co/telegram-confirms-it-gave-u-s-user-data-to-the-cops/">reported</a> 404 Media.
The data was revealed in a transparency report delivered by Telegram&#8217;s transparency bot on Wednesday.
The report stated, &#8220;Fulfilled&nbsp;requests from the United States&nbsp;of America for IP address&nbsp;and/or phone number: 14. Affected&nbsp;users: 108.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Says, Orion &#8216;Is Probably Going To Be The Next Major Platform After Phones&#8217; — Meta&#8217;s New AR Wearables Real-Life Tony Stark Glasses In The Making?</a>
Durov also said that in Brazil, <a href="https://www.benzinga.com/general/social-media/24/10/41145263/telegrams-pavel-durov-little-has-changed-in-privacy-policies-despite-legal-woes">data was disclosed</a>&nbsp;for 75 legal requests in the first quarter,&nbsp;63 in the second quarter, and 65&nbsp;in the third quarter of 2024.
In India, Telegram&#8217;s largest market, the company complied with&nbsp;2461 legal requests in the first quarter,&nbsp;2151 in the next, and 2380&nbsp;in the third quarter.
Some of these data requests were made before Durov&#8217;s arrest, which was partly due to Telegram&#8217;s refusal&nbsp;to provide user data in&nbsp;a child abuse investigation, the report noted.
Following the arrest, Telegram updated its privacy policy to state that it may disclose user IP addresses and phone numbers to relevant authorities in cases&nbsp;involving criminal activities that violate&nbsp;Telegram&#8217;s Terms of Service.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development comes amid growing concerns about privacy violations and the increasing <a href="https://www.benzinga.com/news/24/09/40893281/telegram-ceo-pavel-durov-faces-10-year-sentence-and-500k-fine-in-frances-first-cybercrime-case-under">pressure on tech companies</a> to cooperate with law enforcement agencies.
Last month, Meta CEO Mark Zuckerberg revealed that his <a href="https://www.benzinga.com/general/biotech/24/08/40575260/mark-zuckerberg-reveals-biden-administration-pressured-meta-platforms-to-censor-certain-covid-19-">company was pressured</a> by top officials from the Joe Biden administration to restrict specific content on its platforms during the COVID-19 pandemic.
Zuckerberg also indicated that he would push back against similar pressures in the future.
U.S. authorities and law enforcement agencies demand user data from major tech companies twice as often as their EU counterparts, <a href="https://www.forbes.com/sites/emmawoollacott/2024/08/28/us-government-requests-most-user-data-from-big-tech-firms/">reported</a> Forbes in August 2024.
Data from Surfshark shows that global government requests for user information from Apple, Google, Meta, and Microsoft surged almost eightfold from 2013 to 2022.
In 2022 alone, the number of requests rose from 1.6 million to 2.2 million, reflecting an increase of approximately 38%.
Image Courtesy: Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41111038/elon-musk-gets-bold-font-removed-from-xs-main-timeline-because-of-excessive-use-my-eyes-are-bleeding?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gets Bold Font Removed From X&#8217;s Main Timeline Because Of &#8216;Excessive&#8217; Use: &#8216;My Eyes Are Bleeding&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Media

Pavel Durov's Telegram Forked Over Data To US Law Enforcement — 'Affected Users: 108'

Model and dietitian Maye Musk publicly agreed with her son, tech mogul Elon Musk, on their shared political stance, as revealed in a recent post on X.
What Happened: On Wednesday, Maye Musk responded to a tweet from Elon Musk, expressing her support for his endorsement of the Trump/Vance ticket in the upcoming elections. 
Elon Musk had previously stated, &#8220;Trump/Vance MUST win. I can't handle 4 years of seeing and hearing Kamala/Walz. That would be cruel and unusual punishment!&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So true. <a href="https://t.co/6yeAyD6mhM">https://t.co/6yeAyD6mhM</a>
&mdash; Maye Musk (@mayemusk) <a href="https://twitter.com/mayemusk/status/1841511069992227302?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/news/24/10/41135574/elon-musk-comments-on-jd-vance-tim-walz-debate-after-user-favors-them-over-trump-and-harris-they-wer?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Comments On JD Vance-Tim Walz Debate After User Favors Them Over Trump And Harris: &#8216;They Were Civil&#8217;</a>
Why It Matters: Elon Musk&#8217;s political leanings have been under scrutiny recently, with reports surfacing of his <a href="https://www.benzinga.com/news/24/10/41156605/elon-musks-earlier-independent-status-in-doubt-as-reports-surface-of-donations-to-right-wing-group-t">earlier donations</a> to the right-wing group, Building America's Future.
Elon Musk&#8217;s political influence has been growing steadily, with his social media platform X serving as a conduit for his conservative viewpoints. His endorsement of the Trump/Vance ticket and his regular political commentary have made him a significant pro-Trump influencer.
His contributions to Building America's Future, a group known for its criticism of the Biden administration, have been reported to be in the millions, significantly empowering the organization. The group, often referred to as a "dark money" group, can support political causes without revealing the source of their funding.
Elon Musk&#8217;s influence extends beyond his financial contributions. His social media platform X, which he acquired in 2022, has been used to <a href="https://www.benzinga.com/news/24/09/41082363/heres-how-elon-musk-has-become-a-pro-trump-political-influencer-through-social-media">amplify conservative viewpoints</a> and endorse political candidates. His wealth, online presence, and increased political activity could potentially be advantageous for Trump. 
His political leanings have also been <a href="https://www.benzinga.com/news/24/09/41078347/elon-musk-gets-labelled-as-an-outspoken-trump-supporter-after-journalist-gets-banned-on-x-for-publis">reflected in the operations</a> of his platform X, with independent journalist Ken Klippenstein being barred from the platform for publishing leaked documents associated with J.D. Vance, Trump&#8217;s running mate. 
Photos on Shutterstock
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Elon Musk's Mom Chimes In After Son Says He Can't Handle 4 Years Of 'Seeing And Hearing' Kamala Harris And Tim Walz: 'So True'

Investigative journalist and author Zeke Faux believed the ongoing pro-cryptocurrency stance adopted by presidential nominees Donald Trump and Kamala Harris is miscalculated, as the cohort that finds the asset class appealing isn&#8217;t as large as it&#8217;s made out to be.
What Happened: During a recent <a href="https://finance.yahoo.com/video/why-harris-trump-talking-crypto-215608161.html">discussion</a> at Yahoo Finance&#8217;s Asking For A Trend show, Faux spoke about the rising prominence of cryptocurrency in political dialogue.
"It&#8217;s really wild, especially as someone who covers cryptocurrency,&#8221; Fauz said on the two candidates&#8217; promoting the asset class on the campaign trail. &#8220;Sometimes it&#8217;s kind of hard to cover all of this stuff with a straight face because we&#8217;ve seen so many scams, so much fraud."
Faux, who authored &#8220;Number Go Up,&#8221; a book that critically examined the world of cryptocurrencies, said that politicians are just repeating the industry&#8217;s talking points, while the average enthusiast has become disillusioned.
He even called <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40671868/trumps-bitcoin-strategic-reserve-proposal-will-chip-away-dollars-status-warns-expert-money">Trump&#8217;s pledge </a>to establish a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve, a &#8220;crazy&#8221; idea. 
Faux added that politicians have pushed the idea that there are a lot of Bitcoin voters and that they are doing this to appeal to them, while the truth is quite the reverse.
&#8220;I really don&#8217;t think there&#8217;s a lot of people where cryptocurrency is like top of mind, but there&#8217;s definitely quite a few really rich cryptocurrency guys." he stated.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41148843/much-wow-how-elon-musk-went-from-promising-to-eat-a-happy-meal-if-mcdonalds-adopts-dogecoi">Much Wow! How Elon Musk Went From Promising To Eat A Happy Meal If McDonald&#8217;s Adopts Dogecoin To Promoting A &#8216;DOGE&#8217; Department</a>
Why It Matters: Faux&#8217;s commentary comes as analysts predict the presidential election to be a catalyst for the cryptocurrency market. 
According to&nbsp;QCP Capital, regardless of who wins, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41043989/trump-or-harris-win-us-presidential-election-is-a-win-win-for-the-crypto-market-qcp-capita">the industry stands to benefit</a> in the aftermath. 
Trump started the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001426/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done">cryptocurrency embrace </a>early into his campaign, and after months of speculation, Harris too <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41037763/kamala-harris-strengthens-crypto-stance-the-us-will-remain-dominant-in-ai-and-quantum-comp">put her cards on the table.</a> 
A June survey indicated <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39136615/survey-crypto-stance-could-sway-one-third-of-2024-voters">that one-third of voters will consider a candidate's stance on cryptocurrencies</a> in the&nbsp;upcoming 2024 elections.
Price Action: At the time of writing, Bitcoin was exchanging hands at $61,368.94, down 0.47% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Image via Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41156448/trump-vows-to-save-silk-road-creator-ulbricht-now-12-years-into-sentence-for-bitcoin-fuele">Trump Vows To &#8216;Save&#8217; Silk Road Creator Ulbricht, Now 12 Years Into Sentence For Bitcoin-Fueled Dark Web Crimes</a></li>
</ul>

$BTC

Trump And Harris Crypto Campaign Wild And Crazy: 'Number Go Up' Author Questions Whether Bitcoin Voters The Real Target: 'There's Definitely Quite A Few Really Rich Cryptocurrency Guys'

Macro Economic Events

Econ #s

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan 10-Year JGB Auction 0.871% Vs. 0.915% Prior

Reported Earlier, Australia Trade Balance For August 5.644B Vs. 5.510B Est.; 5.636B (Revised) Prior

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For September 53.1 Vs. 53.9 Est.; 53.7 Prior

An influential member of the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) developer ecosystem has openly challenged renowned whistleblower Edward Snowden to prove his claims about the blockchain&#8217;s centralization, sparking a heated debate in cryptocurrency circles.
What Happened: Mert Mumtaz, CEO of Solana-based developer platform Helius, took to X to challenge Snowden&#8217;s assertion that Solana is a centralized network and asked him to provide concrete data to back the claim.
Mumtaz argued that it would be impossible for a single entity to gain control over Solana&#8217;s network, given its vast distribution across different jurisdictions, countries, and governments. 
&#8220;If you can&#8217;t do this and you call Solana centralized, you are full of baloney,&#8221; Mumtaz commented.
He also pointed out that while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) might be more decentralized than Solana, it doesn&#8217;t imply that Solana is centralized. Mumtaz invited Snowden to a live debate on the issue.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Snowden seems to think Solana is centralized — while giving 0 data to back it up I challenge anyone to show me the precise attack vector that would let a single entity exercise a loss of funds, or prolonged power over the network show me, with real data, how you will subdue… <a href="https://t.co/xAfy2pL46L">pic.twitter.com/xAfy2pL46L</a>
&mdash; mert &#x7C; helius.dev (@0xMert_) <a href="https://twitter.com/0xMert_/status/1841424790407520580?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
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The rebuttal was in response to Snowden&#8217;s remarks at the Token 2049 cryptocurrency conference in Singapore, where he touched on Solana&#8217;s operations.
&#8220;A lot of people and you know I don&#8217;t want to name names but Solana are taking good ideas and they&#8217;re just going, &#8216;Well, what if we just centralized everything? It&#8217;ll be faster, it&#8217;ll be more efficient, (and) it&#8217;ll be cheaper.&#8217; Yeah sure, it is. You&#8217;re right, but nobody&#8217;s using it but for like meme coins and scams.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41142958/ripple-etf-could-it-happen-bitwises-filing-faces-uncertain-path-amid-regulatory-concerns">Ripple ETF: Could It Happen? Bitwise&#8217;s Filing Faces Uncertain Path Amid Regulatory Concerns</a>
Why It Matters: Snowden is one of the biggest decentralization advocates, praising Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and cryptocurrencies for their role in resisting state interference. During the Token 2049 conference, he cautioned against <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41102207/edward-snowden-cautions-crypto-industry-not-to-dilute-principles-we-should-defy-bureaucrac">diluting these principles to appease</a> institutional investors.
His remarks questioning Solana&#8217;s challenge come at a time when a prominent cryptocurrency commentator predicted that the network&#8217;s native token SOL <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41084752/solana-to-skyrocket-5x-by-q4-2025-analyst-says-project-has-the-best-chance-of-delivering-t">would jump fivefold by the fourth quarter of 2025</a>.
Last month, Anthony Scaramucci, CEO of SkyBridge Capital, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40973470/anthony-scaramucci-discloses-holding-a-lot-of-solana-backs-the-ethereum-killer-network-to-">highlighted the potential</a> of tokenization to revolutionize the financial system, a sector he believed Solana is well-positioned to lead.
The debate between Mumtaz and Snowden could provide further insights into Solana&#8217;s decentralization and its potential to reshape the future of the internet.
Price Action: At the time of writing, SOL was exchanging hands at $142.07, down nearly 4% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41141073/microstrategys-returns-are-3x-higher-than-bitcoin-time-to-buy">MicroStrategy&#8217;s Returns Are 3X Higher Than Bitcoin: Time to Buy?</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

$ETH

$SOL

Edward Snowden Under Fire: Solana Developer Challenges NSA Whistleblower — 'You Are Full Of Baloney' If You Can't Back Up Your Centralization Claims!

Rakesh Gangwal, a director at Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), has made a significant investment in the company by acquiring 3.6 million shares, valued at over $100 million. This purchase comes amid mounting pressure from activist investor Elliott Investment Management for <a href="https://www.benzinga.com/news/24/08/40187798/activist-investor-elliott-who-criticized-southwest-airlines-for-poor-execution-now-announces-7-stake">changes in leadership</a>.
What Happened: Gangwal, who co-founded InterGlobe Aviation, bought the shares between Sep. 30 and Oct. 1, at prices ranging from $29 to $30 per share, as per the Securities and Exchange Commission filings. 
Appointed to the board in July, Gangwal&#8217;s entry coincided with Elliott&#8217;s push for strategic shifts to boost financial performance. Recently, Southwest announced significant board changes, including the retirement of Executive Chairman Gary Kelly and six other directors. 
Despite Elliott&#8217;s demands for further changes, including the removal of CEO Bob Jordan, Gangwal told Reuters that additional leadership alterations would not benefit shareholders. 
&#8220;I believe changing the board structure and top leadership beyond what has been already announced, would be counterproductive and not in the best interest of shareholders,&#8221; Gangwal said. 
See Also: <a href="https://www.benzinga.com/markets/asia/24/10/41141152/cramer-says-hot-money-flowing-from-nvidia-apple-into-china-focus-on-alibaba-if-you-must?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cramer Says &#8216;Hot Money&#8217; Flowing From Nvidia, Apple Into China, Focus On Alibaba &#8216;If You Must&#8217;</a>
Why It Matters: The backdrop to Gangwal&#8217;s investment is a period of intense scrutiny and pressure from Elliott Investment Management, which has been vocal about its <a href="https://www.benzinga.com/news/24/08/40187798/activist-investor-elliott-who-criticized-southwest-airlines-for-poor-execution-now-announces-7-stake">dissatisfaction with Southwest&#8217;s management</a>. In August, Elliott disclosed a 7% stake in the airline, advocating for a management overhaul, including the replacement of CEO Jordan and Executive Chairman Kelly.
In a strategic move, Elliott nominated <a href="https://www.benzinga.com/m-a/24/06/39252593/elliott-investment-criticizes-southwest-airlines-execution-in-letter-promises-77-stock-return-potent">ten independent candidates for the board</a>, aiming to reshape Southwest&#8217;s leadership. This came after Elliott criticized the airline&#8217;s outdated strategies and poor execution, promising a 77% stock return potential if changes were implemented.
Amid these developments, Southwest Airlines <a href="https://www.benzinga.com/markets/equities/24/09/41045875/whats-going-on-with-southwest-airlines-stock-after-guidance-update">announced a new $2.5 billion share repurchase program</a>, signaling a focus on shareholder value. The airline&#8217;s stock has experienced fluctuations, reflecting investor reactions to these ongoing boardroom dynamics.
Price Action: Southwest Airlines&#8217; stock closed at $29.57 on Wednesday, down 1.04% for the day. In after-hours trading, the stock rose by 2.19%. Year to date, Southwest Airlines has gained 3.83%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Management

Southwest Airlines Director Rakesh Gangwal Invests Over $100M In Shares Amid Elliott Management's Pressure For Leadership Changes

Nora Volkow, director of the National Institute on Drug Abuse (NIDA), has raised concerns over the cannabis industry&#8217;s marketing strategies, drawing parallels with tactics used by the alcohol and <a href="https://www.benzinga.com/markets/cannabis/23/03/31607995/cannabis-vs-tobacco-the-battle-for-market-share-and-public-health">tobacco industries. </a>
In a blog post <a href="https://nida.nih.gov/about-nida/noras-blog/2024/09/commercial-interests-contribute-to-drug-use-addiction">published</a> last week, Volkow highlighted that older adults &#8211; specifically those aged 65 and above &#8211; are increasingly being &#8220;targeted&#8221; by advertisements promoting the therapeutic benefits of cannabis, a demographic showing the most rapid growth in usage.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39806162/federal-drug-official-treating-drug-addiction-with-incarceration-is-ineffective-and-dangerous-ca">Federal Drug Official: Treating Drug Addiction With Incarceration Is Ineffective And &#8216;Dangerous,&#8217; Calls For Overhaul</a>
"Cannabis products are often sold in colorful packages that mimic kid-friendly snack foods, for example, making them appealing to children and to young people," Volkow said. "The legalization of cannabis by the states and the diversification of cannabis products have led to significant increases in the number of users and the amount of cannabis consumed by them in the U.S."
<h3 class="wp-block-heading">Cannabis Industry&#8217;s Marketing Echoes Past Practices</h3>
"Lessons learned from alcohol and tobacco are also being applied to the sale, marketing, and taxation of cannabis products in states that have legalized the drug for adult use, but policies vary widely by state,&#8221; Volkow said.
While youth usage rates have remained stable despite initial concerns, her primary focus is now on young adults aged 18-30 and the elderly, with a noticeable uptick in consumption in the latter group. 
According to Volkow, "This older age group is being targeted with advertising touting cannabis' alleged therapeutic benefits. As expected, the expanded use of cannabis and the higher doses used have resulted in an increase in the number of individuals suffering from adverse health consequences from these exposures."
The NIDA director has previously expressed concerns over youth exposure to cannabis marketing, and while these fears haven't materialized as initially anticipated, the data suggests that older adults are being influenced by commercial messaging. 
In addition, the Mexican-American psychiatrist called for more research to explore the risks and therapeutic applications of cannabis to inform policies that could help mitigate its harms and ensure safe access for therapeutic use.
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<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40536603/can-thc-turn-back-the-clock-cannabis-reverses-brain-aging-boosts-mental-capacity-new-study-sugge">Can THC Turn Back The Clock? Cannabis Reverses Brain Aging, Boosts Mental Capacity, New Study Suggests</a></li>
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Cover image made with AI.

Cannabis

Fed Health Official: Cannabis Industry Borrowing Marketing Tactics From Tobacco, Alcohol Industries

Tesla and SpaceX CEO Elon Musk has accused OpenAI of unfair funding practices after a report suggested that the <a href="https://www.benzinga.com/news/24/09/41078513/openai-plans-to-more-than-double-chatgpt-price-over-next-5-years-report">AI startup</a> has been discouraging investors from backing rival startups, including xAI.
What Happened: On Wednesday, OpenAI announced that it had <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">completed its latest fundraising</a> at a staggering $150 billion valuation.
During the negotiations, OpenAI insisted on an exclusive funding arrangement, <a href="https://www.ft.com/content/66e0653e-c446-47b2-8a7f-baa54ccbfb9a">reported</a> the Financial Times, citing three people with knowledge of the matter.
This indicates that ChatGPT-maker doesn&#8217;t want investors to support rival startups such as Anthropic and Musk&#8217;s xAI. Naturally, this move has intensified existing tensions with Musk, who is currently suing OpenAI.
See Also: <a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Says, Orion &#8216;Is Probably Going To Be The Next Major Platform After Phones&#8217; — Meta&#8217;s New AR Wearables Real-Life Tony Stark Glasses In The Making?</a>
When the news reached Musk on X, formerly Twitter, the Tesla CEO, who co-founded OpenAI in 2015 but stepped down three years later, said, &#8220;OpenAI is evil.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">OpenAI is evil
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1841531329575268457?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
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Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: OpenAI&#8217;s demand for exclusivity is unusual, as venture capital firms typically diversify their investments across various companies in a sector.
Thrive, a venture capital firm founded by Joshua Kushner, led the funding round, committing $750 million from its own funds and approximately $550 million from its partners.
Other firms, including early OpenAI backer Khosla Ventures, Tiger Global, Altimeter Capital, and the California Public Employees&#8217; Retirement System, have also <a href="https://www.benzinga.com/news/24/09/41078513/openai-plans-to-more-than-double-chatgpt-price-over-next-5-years-report">invested in the company</a>.
Notably, Cathie Wood's Ark Venture Fund and SoftBank Group Corporation have also invested in <a href="https://www.benzinga.com/news/24/09/41078513/openai-plans-to-more-than-double-chatgpt-price-over-next-5-years-report">OpenAI&#8217;s latest funding</a> round.
Other possible participants speculated to be involved include major tech firms like Microsoft Corporation, which has already poured around $13 billion into the AI company over the past five years, as well as Nvidia Corporation.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41141844/after-googles-2-7b-acquisition-of-founders-and-staff-this-ai-startup-abandons-large-language-model-p?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Google&#8217;s $2.7B Acquisition Of Founders And Staff, This AI Startup Abandons Large Language Model Plans And Shifts Focus Away From Chatbots</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Elon Musk Says 'OpenAI Is Evil' After ChatGPT-Parent Reportedly Asked Investors Not To Invest In Rivals, Including xAI

On Wednesday, Jensen Huang, CEO of&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) said that the demand for the company&#8217;s next-gen Blackwell GPU <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">platform is &#8220;insane.&#8221;</a>
What Happened: Huang was on CNBC&#8217;s Closing Bell Overtime,&nbsp;alongside&nbsp;Julie Sweet, CEO of&nbsp;Accenture, to discuss their expanded partnership.
During the conversation, he confirmed that Blackwell is in full production and progressing as planned. Huang introduced Blackwell in March as&nbsp;&#8220;a processor for the generative&nbsp;AI era.&#8221; 
&#8220;Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is insane,&#8221; he said on the show, adding, &#8220;Everyone wants to have the most, and everyone wants to be first.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41020589/tech-youtuber-mkbhd-responds-after-facing-massive-backlash-over-his-new-12-a-month-wallpaper-app?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tech YouTuber MKBHD Responds After Facing Massive Backlash Over His New $12 A Month Wallpaper App</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;The demand for Blackwell is insane&quot; <a href="https://twitter.com/nvidia?ref_src=twsrc%5Etfw">@Nvidia</a> CEO Jensen Huang gives <a href="https://twitter.com/jonfortt?ref_src=twsrc%5Etfw">@jonfortt</a> an update on the company&#39;s upcoming chip platforms.<a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> <a href="https://t.co/WcIFeHJEJs">pic.twitter.com/WcIFeHJEJs</a>
&mdash; CNBCOvertime (@CNBCOvertime) <a href="https://twitter.com/CNBCOvertime/status/1841579028530036848?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
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Nvidia is set to commence sales of&nbsp;Blackwell <a href="https://www.benzinga.com/news/24/08/40616711/nvidias-blackwell-gpu-set-for-q4-shipments-jensen-huang-confirms-mask-change-completion-and-incredib">products in the fourth&nbsp;quarter</a>. These new processors are expected to&nbsp;deliver 2.5 times the performance&nbsp;of Nvidia&#8217;s Hopper chips, which were launched two years ago.
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: The Blackwell chip platform has been a topic of interest among investors and analysts. Last month, Nvidia faced&nbsp;<a href="https://www.benzinga.com/news/24/09/40800236/nvidia-faces-investor-scrutiny-over-blackwell-chip-delays-big-revenue-expected-report">investor scrutiny</a>&nbsp;over delays in the chip&#8217;s rollout.
Despite these concerns, the company expects &#8220;several billion dollars&#8221; of revenue from Blackwell in its fiscal fourth quarter.
Previously, Huang admitted that the surging demand for Blackwell chips was causing&nbsp;<a href="https://www.benzinga.com/news/large-cap/24/09/40820349/nvidia-ceo-jensen-huang-admits-its-tense-as-surging-demand-for-blackwell-chips-sparks-customer-fru">tension and frustration</a> among some of Nvidia&#8217;s customers due to limited supply.
Having said that, analysts predict a bright future for Nvidia.
Beth Kindig, lead tech analyst at I/O Fund, projected that Nvidia could surge to a $10 trillion valuation, largely due to the potential of the Blackwell chip.
JPMorgan analyst Harlan Sur also asserted that the company is on track for a spectacular fiscal fourth quarter, thanks to the&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">Blackwell GPU platform</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via Flickr/ Maurizio Pesce
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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.

NVDA

Nvidia CEO Jensen Huang Says Demand For Next-Gen Blackwell GPU Platform Insane: 'Everyone Wants To Have The Most, And Everyone Wants To Be First'

<h3 class="wp-block-heading">Spain Unveils Framework For Prescribing Cannabis-Based Medications</h3>
Spain&#8217;s Ministry of Health revealed this week a draft royal decree for public consultation, outlining the suggested regulations for prescribing cannabis-based medications, <a href="https://businessofcannabis.com/spain-proposes-regulations-for-long-awaited-medical-cannabis-framework-but-patients-warn-it-is-too-restrictive/">reported</a> Business of Cannabis.
The news comes after years of negotiation and an increase in the legal production of medical cannabis, as <a href="https://www.benzinga.com/markets/cannabis/24/02/36941500/spains-medical-marijuana-law-to-function-soon-first-cannabis-club-in-malta-more-euro-weed-update">earlier reported.</a>
In June 2022, the Health Committee of the Spanish Congress of Deputies initially endorsed a draft report from a subcommittee, which outlined a series of recommendations for regulating cannabis-derived medicines for therapeutic purposes.
Following a delay in the process caused by a change of government in 2023, Health Minister Monica Garcia said during her first appearance in Congress in early January, that the process of setting up a medical cannabis framework will be rebooted.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02143524/ccc-oct-24-banner__1_-1-3.gif" alt="" class="wp-image-577225" /></a></figure>
Aligned with the Health Committee's recommendations, the latest framework permits:
<ul>
<li>The prescription of cannabis medicines in the form of &#8220;master formulas;&#8221;</li>
<li>Specialist doctors prescribe medical cannabis for qualifying conditions such as spasticity in multiple sclerosis (MS), severe forms of refractory epilepsy, nausea and vomiting due to chemotherapy, and refractory chronic pain.</li>
</ul>
Medical cannabis flower is not included in the legislation.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/05/39114421/one-spanish-politician-calls-cannabis-the-most-dangerous-of-drugs-while-another-defends-it-pushe">One Spanish Politician Calls Cannabis &#8216;The Most Dangerous Of Drugs&#8217; While Another Defends It, Pushes Tougher Alcohol Laws</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">This Cannabis Company Achieves Record Growth In Germany: 50% Revenue Increase And Here's Why</h3>
In the meantime, IM Cannabis Corp. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#CSE">IMCC</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) reported on Wednesday the preliminary sales results in Germany by its subsidiary operating in the country, Adjupharm GmbH, for the third quarter of 2024. The results have significantly exceeded expectations, the medical cannabis company with operations in Israel and Germany said, reporting a 50% increase in revenue compared to the previous quarter.
Oren Shuster, CEO of IMC, said that's due to a partial legalization of cannabis in Germany <a href="https://www.benzinga.com/markets/cannabis/24/04/38023610/heres-what-you-need-to-know-about-weed-legalization-in-germany-that-just-took-effect">taking effect this spring.</a>
&#8220;Since April 1, one of our key objectives was to ensure a supply chain strong enough to meet the increase in demand," Shuster said.&nbsp;"This preliminary 50% growth is testament, in part, to delivering on this objective. We are thrilled with our Q3 performance, which not only surpassed our own targets but also highlights the dedication and hard work of our entire team.&#8221;
Read Next:
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</ul>

CSE:IMCC

IMCC

How Cannabis Legalization In Germany Boosted This Company's Revenue, Will Spain's Medical Marijuana Framework Do The Same?

Levi Strauss &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) revealed on Wednesday its consideration of selling the Dockers brand. Following this announcement, the company&#8217;s shares <a href="https://www.benzinga.com/news/earnings/24/10/41151280/levi-strauss-co-stock-falls-after-mixed-q3-results-eps-beat-revenues-miss">experienced a 10% drop in after-hours trading</a>.
What Happened: The iconic denim company is concentrating on expanding its core Levi&#8217;s brand and Beyond Yoga activewear line, Reuters reported. 
&#8220;We are narrowing our focus to realize the full potential of the Levi&#8217;s brand as well as accelerate Beyond Yoga. Accordingly, we are undertaking an evaluation of strategic alternatives for the global Dockers business,&#8221; CEO Michelle Gass said&nbsp;during a post-earnings call.
Levi Strauss is in the mid of a transformation strategy, aiming to streamline its offerings and enhance sales through direct-to-consumer channels. The company has already exited less profitable ventures, including the Denizen brand and certain footwear lines, as part of cost-cutting measures.
In the third quarter, Dockers&#8217; sales declined by 15%, contributing only 5% to Levi&#8217;s total revenue of $1.52 billion, which fell short of analysts&#8217; expectations, according to the report. Despite this, Levi&#8217;s direct-to-consumer sales saw a 10% increase, fueled by strong demand for women&#8217;s denim apparel.
Levi Strauss has engaged Bank of America as its financial adviser for the Dockers review, with no set timeline for completion. The company anticipates mid-single-digit revenue growth in the fourth quarter, below the estimated 7.36% due to Dockers&#8217; weakness and reduced consumer spending in China.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a>
Why It Matters: The announcement comes on the heels of <a href="https://www.benzinga.com/news/earnings/24/10/41151280/levi-strauss-co-stock-falls-after-mixed-q3-results-eps-beat-revenues-miss">Levi Strauss&#8217; mixed third-quarter financial results</a>, where the company reported earnings of 33 cents per share, surpassing the analyst consensus estimate of 31 cents. However, the quarterly revenue of $1.516 billion missed the expected $1.55 billion.
LEVI Price Action:&nbsp;According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, Levi Strauss shares are down 10.92%% after-hours at $19.75 after dropping 2.86% in Wednesday's regular trading session.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/09/41086177/amazon-ceo-andy-jassy-faces-employee-revolt-over-full-time-return-to-office-mandate-73-consider-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon CEO Andy Jassy Faces Employee Revolt Over Full-Time Return To Office Mandate, 73% Consider Quitting: Survey</a></li>
</ul>
Photo via Wikimedia Commons
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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