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Mountain Crest Acquisition Corp. V - Right

Ice Cube, the rapper, songwriter, actor, and film producer, is now stepping into the cannabis scene with a new venture that promises to<a href="https://www.benzinga.com/cannabis"> shake things up.</a>
Known for his raw and honest take on life, Ice Cube is bringing that same authenticity to his cannabis brand, partnering with Caviar Gold to deliver potent strains that reflect his deep-rooted passion for the plant.
See Also: <a href="https://drupal-cloudfront.benzinga.com/news/23/09/34611506/this-innocent-meme-started-a-beef-between-elon-musk-and-ice-cube-on-x-and-its-hillarious">This &#8216;Innocent Meme&#8217; Started A Beef Between Elon Musk And Ice Cube On X And It&#8217;s Hilarious</a><a href="https://drupal-cloudfront.benzinga.com/users/ananya-gairola"></a>
<h3 class="wp-block-heading">Ice Cube: A Lifelong Cannabis Advocate And Cultural Icon</h3>
Ice Cube&#8217;s influence stretches far beyond his early days in music. With over 10 million albums sold and his role in the rap supergroup Mount Westmore, Ice Cube has left a significant mark on the music world.
His film career, highlighted by iconic roles in the "Friday" and "Barbershop" series, further cements his status as a cultural heavyweight. 
Alongside these achievements, he co-founded the BIG3 Basketball League, offering retired athletes a chance to stay in the game.
But for Ice Cube, cannabis has always been a constant.
"I think it was criminalized for all the wrong reasons," Ice Cube said in an <a href="https://sensimag.com/ice-cube-on-a-roll/">interview </a>with Sensi. "I think it's been illegal because of greed and money. It's not something pharmaceutical companies want to see—people getting well through natural means. 
Ice Cube's relationship with cannabis isn't just about advocacy; it's personal: "I smoke. I love to smoke. It's relaxing. It's a great pastime, especially when you're just kickin' it."
His use of cannabis has even helped him cut back on alcohol, which he called a significant benefit: "What's cool about cannabis is that it helped me cut back on alcohol. It's been perfect for me because I don't like to drink a lot. I don't like the way it makes me feel."
<h3 class="wp-block-heading">Inside Ice Cube's Partnership With Caviar Gold</h3>
The singer behind hits like &#8216;It Was a Good Day&#8217; and &#8216;You Know How We Do It,&#8217; described his partnership with Caviar Gold as a deliberate choice to ensure quality and compliance.
"I really wanted to make one of the strongest brands available, and I wanted to do it right," Cube explained. "So, I wanted to find someone who was compliant with the laws and had the reach to get into multiple states, one state at a time, without cutting corners to do it fast."
The result? Strains like Friday Kush and Good Day Kush, designed for serious cannabis enthusiasts.
"If you can get through it in 15 minutes without putting it down, you're a pretty strong guy," he added. "We worked a year and a half tinkering on different formulas. And I am a natural smoker. I enjoy a natural taste instead of flavors and all that stuff. I leave that for other brands."
<h3 class="wp-block-heading">Expanding Ice Cube's Cannabis Empire</h3>
As more states legalize cannabis, Ice Cube's brand is poised to expand rapidly, starting in California and aiming for 14 states by the end of 2024.
"Being authentic and really caring about the product and the customers' experience" is at the heart of Cube's brand philosophy. "Whether I have a brand or not, I still enjoy cannabis in the ways that I do. I think people understand that this isn't a celebrity play. This is authentic to me."
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39327861/its-incredible-says-mike-tyson-as-his-medical-marijuana-products-reach-patients-in-germany">&#8216;It&#8217;s Incredible&#8217; Says Mike Tyson As His Medical Marijuana Products Reach Patients In Germany</a></li>
</ul>
Image created using Ice Cube&#8217;s photo via Wikimedia Commons <a href="https://creativecommons.org/licenses/by-sa/3.0" target="_blank" rel="noreferrer noopener">CC BY-SA 3.0</a>.

Cannabis

News

Retail Sales

Markets

Ice Cube's New Cannabis Line: 'If You Can Get Through It In 15 Minutes, You're Strong'

Vice President Kamala Harris leads former President Donald Trump in a head-to-head election poll with less than three months to go before the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
What Happened: Since President Joe Biden dropped out of the 2024 election race, Harris has been gaining support back for the Democratic Party in <a href="https://www.benzinga.com/topic/election-poll">head-to-head matchups</a> with Trump.
A new Morning Consult <a href="https://pro.morningconsult.com/trackers/2024-presidential-election-polling">poll </a>of nationally registered voters shows Harris with another lead, which comes after she announced Minnesota Gov. Tim Walz as<a href="https://www.benzinga.com/general/politics/24/08/40190330/kamala-harris-picks-tim-walz-as-running-mate-will-minnesota-governor-help-dems-take-swing-states"> her running mate.</a>
The new poll shows the following results from voters, with the results from <a href="https://www.benzinga.com/general/politics/24/08/40224248/trump-in-trouble-vice-president-harris-leads-2024-election-poll-by-4-points-posts-record-highs-f">the Aug. 6 poll</a> in parentheses.
<ul>
<li>Kamala Harris: 47% (48%)</li>
<li>Donald Trump: 44% (44%)</li>
<li>Someone Else: 4% (5%)</li>
<li>Don't Know: 4% (4%)</li>
</ul>
The poll found that 90% of Democrats backed Harris as their top pick, down one percentage point from the prior week. The poll also found that 90% of Republicans backed Trump as their top pick, up one percentage point from the prior week.
Independent voters selected the following as their head-to-head preference, with the results from the Aug. 6 poll in parentheses:
<ul>
<li>Kamala Harris: 42% (42%)</li>
<li>Donald Trump: 37% (37%)</li>
<li>Someone Else: 12% (11%)</li>
<li>Don't Know: 9% (10%)</li>
</ul>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent081324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Harris continues to rank ahead of Trump in the weekly head-to-head poll since joining the 2024 election as the Democratic candidate.
The three-point lead is down slightly from last week's record four-point lead, which was the highest for a Democrat against Trump in nearly a year.
Trump had grown his lead to six points over Biden before the current president dropped out of the race.
The new Morning Consult polls also showed Harris with commanding leads with two key voter groups considered potential swings in the election.
Harris&#8217; lead among Independent voters of five points is a record high in the current election cycle, matching the same total from last week. Harris also posted a lead of seven points (48% to 41%) among voters aged 18 to 34. The lead in the 18 to 34 voter category was down from a record of nine points posted by Harris last week, which was the largest by a candidate in the 2024 election cycle.
Biden trailed Trump by nine points among the 18-34 voter demographic before exiting the race.
In the new poll, Harris has a favorable rating of 49% and unfavorable rating of 47%, up from last week's 48% to 47% ranking. Trump's net favorability was negative 12 points for the week, marking his lowest rating since early June in the weekly poll.
Net buzz remained strong for Harris, with 47% of voters saying they heard something positive about the vice president and 33% saying they heard something negative about Harris. The net buzz ranking was higher than previous highs from both Trump and Biden.
Since Trump's net buzz rating reached an all-time high of negative three points following the RNC last month, it has steadily declined. Voters are now 19% more likely to have heard something negative than positive about him in recent days. Harris' net buzz is now 33 points ahead of the former president.
The four-point lead for Harris over Trump comes after Morning Consult recently released a <a href="https://www.benzinga.com/general/politics/24/07/40086590/harris-vs-trump-vice-president-has-passed-former-president-in-swing-states-could-biden-stepping-" target="_blank" rel="noreferrer noopener">swing state voter poll</a> that found the vice president leading 48% to 47% overall in seven key states. The vice president was leading Trump in four of the seven swing states (Arizona, Michigan, Nevada, Wisconsin), tied in one (Georgia) and trailing in two (North Carolina, Pennsylvania).
Check This Out:
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent081324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photos: Shutterstock

Politics

Harris Vs. Trump: Vice President Leads 2024 Election Poll by 3 Points, Shows Strength Among Independent, Young Voters

After a sharp sell-off in early August, triggered by weaker-than-expected economic data, equity markets have<a href="https://www.benzinga.com/markets/equities/24/08/40346275/tech-stocks-soar-treasury-yields-fall-on-cool-inflation-data-starbucks-rockets-chipotle-plummets"> staged a substantial rally. </a>
The S&amp;P 500 Index, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) recovered more than half of the decline witnessed earlier this month. The tech-heavy Nasdaq 100, monitored through the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), has fared even better, recovering nearly 70% of August losses.
This resurgence was bolstered by better-than-expected services survey data and a drop in jobless claims, which helped ease recession fears. 
However, despite this positive momentum, recession risks remain, at least according to several economic models.
<h1 class="wp-block-heading">Bond Market Flashing Recession Warnings</h1>
The New York Federal Reserve&#8217;s recession probability model, which relies on the Treasury spread between the 10-year bond rate and the three-month bill rate, currently suggests a 56% chance of a recession within the next 12 months.
This figure has garnered attention, as bond market signals are often viewed as more reliable indicators of economic downturns than stock market movements.
In response to cooler-than-expected jobs data, Goldman Sachs increased its 12-month recession odds by 10 percentage points to 25%. JPMorgan Chase has similarly raised its recession probability to 31%, up from 20% at the end of March, citing a sharp repricing in U.S. Treasuries.
The yield on the 10-year Treasury note has fallen to 3.85% on track for its fourth straight month of declines. Short-dated yields, which are more sensitive to interest rate expectations, have fallen by nearly 40 basis points month to date, after tumbling by 50 basis points last month. 
<h1 class="wp-block-heading">The Fed&#8217;s Wildcard To Escape A Recession</h1>
Investors are increasingly speculating that the Federal Reserve will step in with rate cuts if the economy shows signs of faltering. 
The CME Group's FedWatch Tool currently prices in a 55% chance of a 50-basis-point rate cut next month, following cooler-than-expected producer inflation data.
However, as Goldman Sachs highlighted, the Fed has historically delivered larger rate cuts during clear economic crises or significant negative shocks, especially when jobless claims have surged — conditions that are not currently evident.
<h1 class="wp-block-heading">Investor Sentiment: A Cautious Shift</h1>
The Bank of America Global Fund Manager Survey highlights a shift in investor sentiment, with cash levels rising and optimism about capital expenditures falling to a nine-month low.
While a majority of investors — 76% — still believe in a &#8220;soft landing&#8221; scenario for the economy, there is growing concern that the Fed may need to cut rates more aggressively to stave off a recession.
The survey also reveals a rotation into bonds, with allocation to fixed-income assets rising to a net 8% overweight, the highest since December 2023. Conversely, allocation to equities has dropped to a net 11% overweight, the lowest since January 2024, signaling a more cautious approach among investors.
Read Now:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40348381/small-caps-set-for-a-comeback-heres-why-they-deserve-your-attention">Small Caps Set For A Comeback? Here&#8217;s Why They Deserve Your Attention</a></li>
</ul>
Photo: Shutterstock

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Econ #s

Economics

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ETFs

Stocks Now Dismiss Recession Fears, But Bond Markets Tell Investors To Stay On Alert

Diversified assets are expected to contribute fewer GEOs than initially anticipated based on the revised commodity prices it assumes for the remainder of the year.
&nbsp;

Guidance

Franco-Nevada Expects To Be At The Lower End Of Its 2024 Total Geo Sales Guidance Range Of 480,000 To 540,000 GEOs

Former President Barack Obama shared a list of the songs he's been listening to over the summer, continuing a tradition of sharing songs, TV shows and movies he thinks others <a href="https://www.benzinga.com/general/entertainment/23/12/36419588/barack-obama-shares-13-favorite-movies-of-2023-including-3-he-produced-did-barbie-or-oppenh">should check out.</a>
Here's a look at the songs on Obama's playlist.
What Happened: Obama is best known for his role in politics, which recently<a href="https://www.benzinga.com/news/24/07/39979317/barack-obama-finally-comes-through-for-kamala-harris-joins-bill-clinton-biden-and-other-democrats-in"> included an endorsement</a> for Vice President Kamala Harris as president in the 2024 election.
The former president is also known for his role in entertainment with Higher Ground, a production company co-founded with wife Michelle Obama.
The production company has produced several television series and movies and earlier this year expanded a partnership with streaming giant Netflix. Higher Ground and Netflix <a href="https://www.benzinga.com/general/entertainment/24/06/39341886/netflix-wants-more-obama-magic-expands-content-partnership-with-barack-and-michelle">signed a new multiyear first-look </a>content deal back in June.
Obama's list of songs he's been jamming to over the summer includes classic musicians like Etta James, Bob Dylan, The Rolling Stones, The Supremes, The Miracles and Bob Marley and a mix of newer artists like Billie Eilish, Charli XCX, Shaboozey and Beyoncé.
Here's a look at the list of songs in the order Obama <a href="https://x.com/BarackObama/status/1823091727348957440">shared </a>them:
<ul>
<li>"A Bar Song (Tipsy)" – Shaboozey</li>
<li>"365" – Charli XCX</li>
<li>"Chihiro" – Billie Eilish</li>
<li>"Love Me Jeje" – Tems</li>
<li>"I Like The Way You Kiss Me" – Artemas</li>
<li>"Million Dollar Baby" -Tommy Richman</li>
<li>"I Can't Even Cry" – Hope Tala</li>
<li>"No Diggity" – Blackstreet featuring Dr. Dre and Queen Pen</li>
<li>"Charge It" – Envy</li>
<li>"O Quarto (Soundtrack Version)" – Carminho</li>
<li>"What's In The Tea?" -Calimossa</li>
<li>"I Love The Life I Live, I Live The Life I Love" – Hubert Sumlin and Keith Richards</li>
<li>"Say So" – PJ Morton featuring Jojo</li>
<li>"Why Don't You" – Cleo Sol</li>
<li>"You've Really Got A Hold On Me" – The Miracles</li>
<li>"Process" – H.E.R.</li>
<li>"How Do You Want It" – 2Pac featuring K-Ci and JoJo</li>
<li>"If You Love Somebody Set Them Free" – Sting</li>
<li>"Unsuffer Me" – Lucinda Williams</li>
<li>"Golden" – Jill Scott</li>
<li>"(I Can't Get No) Satisfaction" – The Rolling Stones</li>
<li>"My Best" – Saweetie</li>
<li>"Wednesday Night Prayer Meeting" – Charlie Mingus</li>
<li>"Come Away With Me" – Norah Jones</li>
<li>"The People" – Common</li>
<li>"Don't Cry Baby" – Etta James</li>
<li>"Bad Boy" – Chris Jedi, Gaby Music and Dei V featuring Anuel AA and Ozuna</li>
<li>"Yayo" – Rema</li>
<li>"Old Dutch" – Bonny Light Horseman</li>
<li>"Symptom Of Life" – Willow</li>
<li>"Whiskey Whiskey" – Moneybagg Yo featuring Morgan Wallen</li>
<li>"Stargazing" – Myles Smith</li>
<li>"Wanna Be" – GloRilla and Megan Thee Stallion</li>
<li>"Jump" – Tyla, Gunna and Skillibeng</li>
<li>"Perro Negro" – Bad Bunny and Feid</li>
<li>"Lil Boo Thang" – Paul Russell</li>
<li>"Rebirth Of Slick (Cool Like Dat)" – Digable Planets</li>
<li>"Them Belly Full (But We Hungry)" – Bob Marley and The Wailers</li>
<li>"One Of These Things First" – Nick Drake</li>
<li>"Silvio" – Bob Dylan</li>
<li>"Love Is Everywhere" – Pharoah Sanders</li>
<li>"Where Did Our Love Go" – The Supremes</li>
<li>"Texas Hold ‘Em" – Beyoncé</li>
<li>"Someone To Watch Over Me" – Samara Joy featuring Pasquale Grasso</li>
</ul>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent081324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The list shared by Obama is likely just for fun, but could lead to big spikes in sales or streams for certain artists, particularly the smaller ones that the former president included.
Obama has 131.7 million followers on X, <a href="https://www.benzinga.com/news/23/03/31466470/elon-musk-now-the-most-followed-person-on-twitter-too-late-to-say-sorry-thanks-obama">ranking second behind</a> billionaire Elon Musk, who also owns the social media platform.
The former president also shared the playlist on other social media platforms, which could expand the reach.
Followers were ready to debate on why certain artists were included on the playlist and others weren't. Among the biggest question mark from users was why global superstar Taylor Swift didn't find her way on the playlist.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent081324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Evan El-Amin on Shutterstock

Entertainment

Social Media

Barack Obama Shares 'Eclectic Mix' Of Songs For Summer: Beyoncé, Billie Eilish, Charli XCX Make Cut, Taylor Swift Left Out

Franco-Nevada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>) reported quarterly earnings of $0.75 per share which missed the analyst consensus estimate of $0.82 by 8.54 percent. This is a 21.05 percent decrease over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $260.10 million which missed the analyst consensus estimate of $265.51 million by 2.04 percent. This is a 21.16 percent decrease over sales of $329.90 million the same period last year.

Earnings

Earnings Misses

Franco-Nevada Q2 2024 Adj EPS $0.75 Misses $0.82 Estimate, Sales $260.10M Miss $265.51M Estimate

Franco-Nevada announced that its wholly-owned subsidiary has acquired from Compa&ntilde;&iacute;a de Minas Buenaventura S.A.A.and its subsidiary, an existing&nbsp;1.8%&nbsp;net smelter return royalty on all minerals covering Newmont Corporation&#39;s Yanacocha mine and adjacent mineral properties located in&nbsp;Peru.

Franco-Nevada Acquires 1.8% NSR On Newmont's Yanacocha Operations

Allstate will sell its subsidiaries that provide employer voluntary benefits to The Standard for&nbsp;$2.0 billion&nbsp;in cash, adjusted for the closing balance sheet, and subject to customary closing conditions and approvals.
For the first half of 2024, these businesses had revenues of&nbsp;$535 million, Adjusted Net Income of&nbsp;$45 million, and statutory capital and surplus of&nbsp;$255 million.
&quot;The sale is expected to generate a gain of about&nbsp;$600 million&nbsp;and increase deployable capital by&nbsp;$1.6 billion,&quot; said Jess Merten, Allstate Chief Financial Officer. &quot;Adjusted net income return on equity will decline by about 100 basis points following the sale, which is expected in the first half of 2025.&quot;

Asset Sales

Allstate Agrees To Sell The Employer Voluntary Benefits Business To StanCorp Financial Group For $2.0B

Management will continue to focus on managing risks, enhancing the profitability and efficiency of the Company&#39;s operations. As such, for the&nbsp;third quarter&nbsp;of 2024, the Company expects to generate a net income between RMB1.50 billion and RMB1.60 billion and a non-GAAP net income between RMB1.55 billion and RMB1.65 billion, representing a year-on-year growth between&nbsp;31%&nbsp;and&nbsp;40%.&nbsp;
The board of directors of the Company has approved a dividend of $0.30 per Class A ordinary share, or $0.60 per ADS for the first half of 2024 to holders of record of Class A ordinary shares and ADSs as of the close of business on September 27, 2024 Hong Kong Time and New York Time, respectively, in accordance with the Company&#39;s dividend policy.&nbsp;

Dividends

QFIN

Qifu Technology Intends To Maintain Prudent Approach In Its Business Planning; Raises Semi-Annual Dividend

The Board has approved the appointment of Mr. Fan Zhao as the chairman of the Board and approved the appointment of Mr. Xiangge Liu as an independent director of the Board, effective on August 13, 2024.

Management

Qifu Technology Says Hongyi Zhou Has Resigned As Director And Chairman Of Board For Personal Reasons; Fan Zhao Named As The Chairman

Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) reported quarterly earnings of $1.26 per share which missed the analyst consensus estimate of $7.17 by 82.43 percent. The company reported quarterly sales of $572.40 million which missed the analyst consensus estimate of $4.25 billion by 86.52 percent. This is a 6.04 percent increase over sales of $539.81 million the same period last year.

Qifu Technology Reports Q2 2024 Adj Earnings Per ADS $1.26, Sales Of $572.40M

Riot announces that on August 13, 2024 it acquired ownership of 1 million common shares of the Company representing approximately&nbsp;0.22%&nbsp;of the issued and outstanding Common Shares.
Immediately prior to the acquisition of Common Shares giving rise to the issuance of this press release, Riot beneficially owned&nbsp;approximately&nbsp;18.68%&nbsp;of the issued and outstanding Common Shares.
Following completion of the aforementioned acquisition, Riot beneficially owned 18.90%&nbsp;of the issued and outstanding Common Shares.

BITF

RIOT

Riot Platforms Boosts Beneficial Ownership In Bitfarms To 18.9%

ASTL

Algoma Steel Reveals Intention To Relaunch Normal Course Issuer Bid

Algoma Steel Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTL#NASDAQ">ASTL</a>) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.04) by 75 percent. The company reported quarterly sales of $650.50 million which beat the analyst consensus estimate of $605.17 million by 7.49 percent. This is a 5.64 percent increase over sales of $615.78 million the same period last year.

Earnings Beats

Algoma Steel Q1 2025 GAAP EPS C$(0.07) Misses C$(0.04) Estimate, Sales C$650.50M Beat C$605.17M Estimate

Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) shares are moving lower in extended trading Tuesday following a report suggesting a bid to break up Google is on the table <a href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report">for the U.S. Department of Justice</a> (DOJ).
What Happened: Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-08-13/doj-considers-seeking-google-goog-breakup-after-major-antitrust-win?srnd=homepage-europe&amp;embedded-checkout=true">reported</a> that the DOJ is considering a bid to break up Google after a federal judge ruled against Alphabet in an antitrust lawsuit related to the company&#8217;s Search dominance last week.
The report indicates a push to break up Google would be the first attempt to dismantle a company for monopolization since regulators unsuccessfully attempted to break up Microsoft more than two decades ago. If the DOJ moves forward with the breakup plan, the Android operating system and Google Chrome are the most likely units for divestment.
The DOJ is reportedly exploring less severe options as well, including forcing the company to share more data with competitors in an effort to stop Google from gaining an unfair advantage in its AI products. 
Regardless, people familiar with the matter said the government is likely to try to put an end to the type of contracts that were scrutinized in the recent case against Google.
Check This Out: <a href="https://www.benzinga.com/news/24/08/40329712/ai-hype-for-samsung-galaxy-s24-starts-dying-out-6-months-after-launch-says-top-analyst-how-will-the">AI Hype For Samsung Galaxy S24 Starts Dying Out 6 Months After Launch, Says Top Analyst: How Will The Next iPhone And Pixel Fare?</a>
Judge Amit Mehta ruled last week Alphabet's payments to make its search engine the default option on smartphone web browsers violated U.S. antitrust law by effectively blocking competition in the space. Regulators alleged Google maintained a monopoly on online search and related advertising through billions of dollars in payments to smartphone makers. Alphabet has said it will appeal that decision.
Google is the most-used search engine in the world with more than $300 billion in annual revenue. A forced breakup of Alphabet would be the biggest breakup of a U.S. company since AT&amp;T was broken up in the 1980s.
GOOG Price Action: Alphabet shares were down 1.08% after hours at $164.14 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/government/24/08/40243094/alphabets-historic-antitrust-ruling-credit-negative-for-googles-parent-and-apple-says-moodys-may-nee">Alphabet&#8217;s Historic Antitrust Ruling &#8216;Credit Negative&#8217; For Google&#8217;s Parent And Apple, Says Moody&#8217;s: &#8216;May Need To Alter Its Very Profitable Business Model&#8217;</a></li>
</ul>
Photo: Shutterstock.

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GOOGL

Alphabet Stock Slides As Department Of Justice Considers Push To Break Up Google: What Investors Need To Know

Calidi Biotherapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#AMEX">CLDI</a>) reported quarterly losses of $(1.40) per share which beat the analyst consensus estimate of $(1.45) by 3.45 percent.

CLDI

Calidi Biotherapeutics Q2 2024 GAAP EPS $(1.40) Beats $(1.45) Estimate

Avino Silver &amp; Gold Mines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ASM#AMEX">ASM</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.02 by 50 percent. The company reported quarterly sales of $14.787 million which beat the analyst consensus estimate of $13.803 million by 7.13 percent. This is a 60.41 percent increase over sales of $9.218 million the same period last year.

Avino Silver & Gold Mines Q2 2024 Adj. EPS $0.03 Beats $0.02 Estimate, Sales $14.787M Beat $13.803M Estimate

Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) shares are trading higher after-hours Tuesday after the company was granted a U.S. patent for tracking and analysis of drivers <a href="https://www.benzinga.com/quote/DGLY/news">within a fleet of vehicles.</a>
The Details: According to the patent <a href="https://patents.justia.com/patent/12062287">documents</a>, Digital Ally's system includes a monitoring engine for receiving information from a vehicle-tracking device associated with a vehicle from the fleet and a mapping engine that displays an icon indicative of an incident on a map.&nbsp;
The system also includes a driver analysis engine that obtains incident information associated with a plurality of drivers and analyzes the information associated with the driver to generate a driver profile.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40325158/buzzfeed-stock-soars-after-q3-results-heres-why">BuzzFeed Stock Soars After Q2 Results: Here&#8217;s Why</a>
Digital Ally shares are moving on heavy volume in after-hours trading as investors digest the news. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, the stock has a float of only 3.164 million shares and more than 3.88 million shares have changed hands on Tuesday.&nbsp;
<h1 class="wp-block-heading">How To Buy DGLY Stock</h1>
Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Digital Ally&#8217;s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
DGLY Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Digital Ally shares are up 37.66% at $1.17 after-hours Tuesday.
Read Also:
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</ul>
Photo: Pete Linforth from Pixabay

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DGLY

Why Digital Ally Shares Are Soaring After-Hours

Citigroup analyst Smedes Rose downgrades Playa Hotels &amp; Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLYA#NASDAQ">PLYA</a>) from Buy to Neutral and lowers the price target from $12 to $8.

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PLYA

Citigroup Downgrades Playa Hotels & Resorts to Neutral, Lowers Price Target to $8

L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) has outperformed the market over the past 15 years by 1.53% on an annualized basis producing an average annual return of 13.46%. Currently, L3Harris Technologies has a market capitalization of $43.23 billion. 
Buying $1000 In LHX: If an investor had bought $1000 of LHX stock 15 years ago, it would be worth $6,728.08 today based on a price of $227.88 for LHX at the time of writing.
<h3>L3Harris Technologies's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723584680_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.

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