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United States Department of State said earlier this week that it is offering a reward of up to $10 million for information on any foreign person or entity who has engaged or is engaging in interference in the 2024 <a href="https://www.benzinga.com/news/24/10/41417390/elon-musks-pro-trump-super-pac-to-give-1m-every-day-to-people-in-swing-states-for-signing-his-petiti">U.S. presidential election</a> set to be held on Nov. 5.
What Happened: The award will be offered under the department&#8217;s Rewards for Justice program. Any information leading to the identification and location of the interferer as well as information leading to the prevention or resolution of an act of foreign election interference will be rewarded, the department said. 
The announcement from the department's Rewards for Justice program specifically mentioned Rybar LLC, a Russian media organization. 
Rybar, the department said, received funds for contracted work from Russian defense industrial organization Rostec, which was sanctioned by the U.S. Department of the Treasury in June 2022.
Rybar&#8217;s Operations: Rybar has sought to &#8220;sow discord, promote social division, stoke partisan and racial discord, and encourage hate and violence in the United States&#8221; through its social media channels, the announcement said. It manages the social media channels #HOLDTHELINE and #STANDWTHTEXAS to promote Russia&#8217;s political interests, in addition to TEXASvsUSA channel on social media platform X, it added. 
The department also named nine individuals who it says worked to carry out Rybar&#8217;s operations aimed at impacting the <a href="https://www.benzinga.com/news/24/10/41417238/kamala-harris-blames-amber-thurmans-death-on-georgia-abortion-law-slams-trump-for-cruel-remarks">U.S. electoral process</a>.
Those with knowledge of these individuals or their activities can contact Rewards for Justice via its tip line, it added.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41417197/elon-musk-tesla-refute-inefficiency-concerns-with-wireless-charging-on-cybercab-there-is-no-meaningf" target="_blank" rel="noreferrer noopener">Elon Musk, Tesla Refute Inefficiency Concerns With Wireless Charging On Cybercab: ‘There Is No Meaningful Efficiency Difference…'</a></li>
</ul>
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Politics

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US Offers $10M Reward For Intel On Russian Firm Interfering In Elections

The past week was a hotbed of activity, with political debates and economic strategies taking center stage. From tariff discussions to election battles, the week saw a flurry of statements and counterarguments from prominent figures. Here&#8217;s a quick recap of the top stories that made headlines over the weekend.
<h3 class="wp-block-heading">Peter Schiff Criticizes Trump&#8217;s Tariff Strategy</h3>
Noted economist and financial commentator Peter Schiff voiced his opinion on former President Donald Trump&#8217;s tariff strategy. Schiff, in a recent social media post, argued that Trump&#8217;s tariffs were not imposed on China but on Americans purchasing Chinese products. <a href="https://www.benzinga.com/general/politics/24/10/41371990/trump-cant-impose-tariffs-on-china-says-peter-schiff-he-can-only-impose-tariffs-on-americans-who">Read the full article here.</a>
<h3 class="wp-block-heading">Barry Diller Criticizes Billionaire Trump Supporters</h3>
Barry Diller, the chair of IAC Inc and a supporter of Vice President Kamala Harris, expressed his disapproval of wealthy business figures backing Donald Trump in the 2024 election. Diller, a longtime Democratic Party supporter, shared his views in recent interviews. <a href="https://www.benzinga.com/general/politics/24/10/41321960/billionaire-trump-supporters-refuse-to-talk-about-the-character-of-rotten-person-media-mogul-bar">Read the full article here.</a>
<h3 class="wp-block-heading">Kamala Harris Pledges To Remove Unnecessary Degree Requirements</h3>
Vice President and Democratic presidential nominee Kamala Harris reiterated her commitment to eliminating degree prerequisites for certain federal jobs. She also urged the private sector to follow suit, stating that a college degree isn&#8217;t the only measure of a qualified worker. <a href="https://www.benzinga.com/news/24/10/41394566/kamala-harris-repeats-promise-to-get-rid-of-unnecessary-degree-requirements-i-will-challenge-the-pri">Read the full article here.</a>
<h3 class="wp-block-heading">Oil Prices Drop Following Netanyahu&#8217;s Statement</h3>
Crude oil prices saw a significant drop after Israeli Prime Minister Benjamin Netanyahu stated his willingness to strike military targets in Iran instead of oil or nuclear facilities. This statement was made during a call with President Joe Biden last Wednesday. <a href="https://www.benzinga.com/news/24/10/41321699/oil-prices-drop-after-netanyahu-says-israel-will-attack-military-not-oil-or-nuclear-targets-in-iran">Read the full article here.</a>
<h3 class="wp-block-heading">Mark Cuban And Kevin O&#8217;Leary Clash Over China Tariffs</h3>
"Shark Tank" co-stars Mark Cuban and Kevin O&#8217;Leary engaged in a public disagreement over tariffs on China. O&#8217;Leary called for a massive 400% increase in tariffs, citing unfair business practices by China. However, Cuban expressed his concerns over this approach. <a href="https://www.benzinga.com/news/24/10/41415419/kevin-oleary-calls-for-400-tariffs-on-china-but-his-shark-tank-co-star-and-friend-mark-cuban-fires-b">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/10/41371860/kamala-harris-pulls-a-reverse-card-puts-trump-at-fault-for-border-crisis-in-fox-news-interview-lets?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Pulls A Reverse Card, Puts Trump At Fault For Border Crisis In Fox News Interview: &#8216;Let&#8217;s Just Get To The Point, Ok?&#8217;</a>
Image 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/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Peter Schiff Criticizes Trump's Tariff Strategy, Oil Prices Drop Following Netanyahu's Statement, Kamala Harris Pledges To Remove Unnecessary Degree Requirements And More: Top Political Updates This Week

This past weekend was a whirlwind of activity in the cryptocurrency world. From a man suing a city council over lost Bitcoins (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the Coinbase CEO expressing admiration for Elon Musk&#8217;s productivity, the stories were as diverse as they were intriguing. Here&#8217;s a quick recap of the top stories that made headlines.
Bitcoin Landfill Lawsuit: James Howells, a software engineer from Wales, has filed a lawsuit against Newport City Council. Howells is seeking damages of approximately £495.31 million ($647 million) after the council repeatedly denied his requests to excavate a landfill site where he accidentally discarded a hard drive containing around 8,000 units of Bitcoin. The lawsuit is a strategy to persuade the council to allow the excavation, not a reflection of the actual situation. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla">Read the full article here.</a>
Armstrong&#8217;s Musk Admiration: Brian Armstrong, CEO of Coinbase, expressed his admiration for Elon Musk&#8217;s efficiency and productivity. Armstrong suggested that a rigorous study should be conducted to understand how Musk achieves so much. He believes that understanding Musk&#8217;s productivity could be an important question for civilizational progress. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41306985/coinbase-ceo-brian-armstrong-wants-to-know-how-elon-musk-gets-so-much-done-wants-an-in-dep">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41410605/if-you-invested-100-in-dogecoin-when-elon-musk-first-tweeted-about-the-meme-crypto-heres-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Meme Crypto, Here&#8217;s How Much You&#8217;d Have Today</a>
Scaramucci&#8217;s Bitcoin Investment: Anthony Scaramucci, CEO of SkyBridge Capital, revealed during a podcast that he has significant investments in Bitcoin. Scaramucci shared anecdotes about his conversation with MicroStrategy CEO Michael Saylor, who had a unique perspective on Scaramucci&#8217;s recommendation of a 1-3% allocation to Bitcoin. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41372090/anthony-scaramucci-tells-what-percentage-of-his-wealth-is-tied-up-in-bitcoin-i-havent-sold">Read the full article here.</a>
Crypto Market Predictions: Cryptocurrency markets were trading higher as of Wednesday, taking 96% of Bitcoin holders into profit. Trader Michaёl van de Poppe now predicts all-time high prices in the &#8216;next 3-4 weeks&#8217;. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41367220/bitcoin-ethereum-dogecoin-trade-like-no-bear-market-on-the-horizon-trader-predicts-all-tim">Read the full article here.</a>
Warren vs. Deaton: Sen. Elizabeth Warren and her Republican challenger John Deaton exchanged heated words over cryptocurrencies during their first debate. Warren accused Deaton of receiving maximum funding from the big cryptocurrency lobby to win the Massachusetts seat. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41350336/elizabeth-warren-says-rival-john-deaton-wants-to-go-to-washington-to-fight-for-his-crypto-">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41415966/benzinga-bulls-and-bears-apple-tesla-netflix-oklo-and-dogecoin-meme-coins-outpace-corporat">Benzinga Bulls And Bears: Apple, Tesla, Netflix, Oklo — And Dogecoin, Meme Coins Outpace Corporate Giants</a>
Photo courtesy: Unsplash
 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/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

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Bitcoin Landfill Lawsuit, Coinbase CEO's Musk Admiration, Anthony Scaramucci's BTC Investment And More: This Week In Crypto

Leading tech firms, including Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc&#8216;s Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), are preparing to showcase their artificial intelligence (AI) tools at the forthcoming HLTH healthcare technology conference in Las Vegas.
What Happened: The conference, set to kick off on Sunday, is anticipated to draw over 12,000 industry leaders, CNBC <a href="https://www.cnbc.com/2024/10/19/hlth-2024-tech-companies-head-to-las-vegas-to-tout-health-ai-tools-.html">reported</a>. The tech giants aim to demonstrate how their AI solutions can help reduce the administrative load on healthcare professionals, thereby freeing up crucial time.
Healthcare workers are currently grappling with excessive documentation, a major factor leading to industry burnout and a predicted shortfall of 100,000 healthcare workers by 2028, according to consulting firm Mercer. Tech companies are confident that their AI tools can help mitigate this problem.
See Also: <a href="https://www.benzinga.com/news/24/10/41416040/warren-buffett-says-he-wouldnt-be-successful-today-if-he-didnt-take-this-100-college-class-i-was-tha?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett Says He Wouldn&#8217;t Be Successful Today If He Didn&#8217;t Take This $100 College Class</a>
Google, on Thursday, announced the general <a href="https://www.benzinga.com/general/entertainment/24/09/41002371/warner-bros-discovery-and-google-partner-on-ai-generated-captions-for-max">availability of Vertex AI Search</a> for Healthcare, a tool that enables developers to build applications to assist doctors in swiftly searching for information across various medical records. Google also published survey results showing that clinicians spend nearly 28 hours a week on administrative tasks, with 80% of providers asserting that this work takes away from patient care time.
Why It Matters: The healthcare industry has been increasingly turning to AI to address its challenges. Google, for example, has been using AI to <a href="https://www.benzinga.com/general/health-care/24/08/40657322/google-stock-an-ai-play-for-health-care-the-doctor-will-hear-you-now-and-diagnose-your-cough">detect illnesses through sound</a>, such as coughs and sneezes, with its Health Acoustic Representations (HeAR) model.
Earlier this month, Microsoft <a href="https://www.benzinga.com/news/large-cap/24/10/41294844/microsoft-unveils-health-care-ai-tools-to-help-analyze-biomedical-data">unveiled its suite of tools</a> designed to lessen clinicians&#8217; administrative workload. These tools, most of which are still under development, include medical imaging models, a healthcare agent service, and an automated documentation solution for nurses.
AI scribe tools such as DAX Copilot, provided by Microsoft&#8217;s subsidiary Nuance Communications, have seen a surge in popularity this year. These tools employ AI to transcribe doctors&#8217; interactions with patients into clinical notes and summaries, reducing the need for doctors to manually record these notes.
Nvidia is also gearing up to address the workload of doctors and nurses at the HLTH conference. Kimberly Powell, Nvidia&#8217;s vice president of healthcare, will give a keynote on Monday detailing how generative AI can assist healthcare professionals in devoting more time to patient care.
Read Next: <a href="https://www.benzinga.com/news/24/10/41324450/elon-musk-says-spacexs-next-generation-starlink-satellites-will-be-so-big-that-only-starship-can-lau?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says SpaceX&#8217;s Next-Generation Starlink Satellites Will Be &#8216;So Big That Only Starship Can Launch&#8217;</a>
Photo: PeopleImages.com &#8211; Yuri A/Shutterstock

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NVDA

Nvidia, Google And Microsoft To Present AI Tools Aimed At Reducing Healthcare Worker Burnout At Las Vegas Conference

Billionaire Elon Musk on Saturday reportedly gave away $1 million to a man named John Dreher who attended his event in Pennsylvania aimed at rallying support for former President Donald Trump. 
What Happened: Musk on Saturday said that America PAC, a pro-Trump super PAC founded by the billionaire, will give $1 million every day through Nov.5 to someone in swing states who signs his online petition. The online petition asks people to pledge their support to the First and Second Amendments which guarantee freedom of speech and the right to bear arms. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every day, from now through Nov 5, <a href="https://twitter.com/america?ref_src=twsrc%5Etfw">@America</a> PAC will be giving away $1M to someone in swing states who signed our petition to support free speech &amp; the right to bear arms! We want to make sure that everyone in swing states hears about this and I suspect this will ensure they do.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1847856712914555061?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Earlier this week, Musk also said that registered Pennsylvania voters will get $100 for signing the petition until Monday midnight, together with the person who referred them. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you're a registered Pennsylvania voter, you &amp; whoever referred you will now get $100 for signing our petition in support of free speech &amp; right to bear arms. Earn money for supporting something you already believe in! Offer valid until midnight on Monday.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1847115389676740899?ref_src=twsrc%5Etfw">October 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Musk&nbsp;is now giving talks in Pennsylvania as part of his campaigning for Trump. On Saturday, Musk gave $1 million to John Dreher, an attendee at his rally, Reuters reported. 
Guests at the talk only need to have signed the petition to attend, Musk said earlier this week. The petition allows the PAC to garner contact details to campaign for Trump. 
Why It Matters: Musk officially endorsed Trump in July after a shooting incident at a rally in Pennsylvania. The billionaire also attended a Trump campaign event in Pennsylvania&nbsp;<a href="https://www.benzinga.com/news/24/10/41197236/elon-musk-and-trump-address-thousands-at-site-of-failed-assassination-attempt-take-aim-at-bidens-lea" target="_blank" rel="noreferrer noopener">earlier this month</a>&nbsp;and termed the election a &#8220;must-win situation&#8221; for Trump.
Trump, meanwhile, has expressed his intent to set up a&nbsp;<a href="https://www.benzinga.com/government/24/09/40739165/trump-plans-to-appoint-elon-musk-to-government-efficiency-commission-if-elected-tesla-ceo-says-hell" target="_blank" rel="noreferrer noopener">government efficiency commission</a>&nbsp;led by Musk if elected President. The commission will be tasked with conducting a complete financial and performance audit of the federal government and recommending reforms, Trump said in September.
Earlier this week, Musk gave <a href="https://www.benzinga.com/news/24/10/41356810/elon-musk-donates-75m-to-support-donald-trumps-presidential-campaign">around $75 million to America PAC </a>in a span of three months from July to September for canvassing voters, cementing him as a key figure in Trump&#8217;s presidential campaign against Vice President Kamala Harris.
Read Next:
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<li><a href="https://www.benzinga.com/partner/cryptocurrency/24/10/41354884/bitdeer-nasdaq-btdr-advances-roadmap-with-successful-testing-of-its-energy-efficient-seal0">Kamala Harris Blames Amber Thurman&#8217;s Death On Georgia Abortion Law, Slams Trump For &#8216;Cruel&#8217; Remarks</a></li>
</ul>
Image via Wikimedia

Elon Musk's Pro-Trump Super PAC To Give $1M Every Day To People In Swing States For Signing His Petition

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares closed up 0.8% at $138 <a href="https://www.benzinga.com/news/24/10/41405213/nvidia-to-rally-around-39-here-are-10-top-analyst-forecasts-for-friday">on Friday</a>, taking its market capitalization to over $3 trillion, but the stock can go higher, according to bullish experts. 
Expert Commentary: Ram Ahluwalia, CEO of Lumida Wealth Management is reportedly optimistic about the company touching a $4 trillion valuation.
&#8220;There&#8217;s no question about it. The demand for GPU chips is strong, and you&#8217;re seeing early adopters starting to get some ROI,&#8221; Ahulwali <a href="https://finance.yahoo.com/news/nvidia-to-win-the-race-to-4-trillion-market-cap-experts-say-131512935.html">told</a> Yahoo Finance. 
T. Rowe Price portfolio manager Tony Wang also reportedly shares the confidence.
"You&#8217;ve got several more years of AI investment before you hit saturation or a more maturing AI landscape," according to Dan Niles, founder of Niles Investment Management. "You&#8217;ll see Nvidia&#8217;s revenues double over the next several years, and I think you&#8217;ll see the stock double over the next several years,&#8221; Niles told Yahoo Finance. 
&#8220;&#8230;demand for Inference compute could grow exponentially as model builders (such as OpenAI) solve for high throughput and low latency. Importantly, supported by its full-stack approach, we believe Nvidia is well-positioned to capture this growth opportunity in Inference,&#8221;<a href="https://www.ft.com/content/e910b9a2-ce6b-48b0-af45-0c55ca723395"> according to </a>Goldman Sachs, as reported by the Financial Times. Sachs has a price target of $150 for the stock. 
Bofa Securities on Friday maintained their &#8216;Buy&#8217; rating on the stock and increased its price target for the company <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41410262/ai-creates-generational-opportunity-why-nvidia-analyst-says-stock-will-hit-190">from $165 to $190.</a> 
In fact, Nvidia has a consensus price target of<a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">&nbsp;$234.49&nbsp;based on the ratings of&nbsp;38&nbsp;analysts.</a>&nbsp;
Why It Matters: Nvidia stock is up by nearly 186.5% year-to-date, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company now has a market cap of about $3.39 trillion. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1.jpeg" alt="" class="wp-image-603954" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
As of its current valuation, Apple is the only American company with a market cap higher than Nvidia. However, even Apple&#8217;s valuation is short of $4 trillion ($3.57 trillion). 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1.jpeg" alt="" class="wp-image-603953" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
Nvidia stock has surged more than 233% over the past year, with its share price jumping from $41 to $138. Meanwhile, ETFs tracking Nvidia, such as GraniteShares 2x Long NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NASDAQ">NVDL</a>) and Direxion Daily NVDA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NASDAQ">NVDU</a>), have delivered gains of at least 440% during the same period.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41417197/elon-musk-tesla-refute-inefficiency-concerns-with-wireless-charging-on-cybercab-there-is-no-meaningf">Elon Musk, Tesla Refute Inefficiency Concerns With Wireless Charging On Cybercab: &#8216;There Is No Meaningful Efficiency Difference…&#8217;</a></li>
</ul>
Image Via Shutterstock

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Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: '…You'll See The Stock Double Over The Next Several Years'

Elliott Investment Management and Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) have begun discussing a potential settlement that could avoid a proxy fight for control of the airline company&#8217;s board.
What Happened: Elliott has proposed a plan that involves giving it representation on the airline&#8217;s board without control, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-10-19/southwest-activist-elliott-said-to-begin-settlement-discussions">reported</a> on Saturday, citing people familiar with the matter.
The report added that the talks are progressing towards a resolution. However, they haven&#8217;t been finalized and could also be unsuccessful, it said.
<a href="http://pro.benzinga.com">Benzinga</a> has reached out to both Southwest and Elliott for confirmation but is yet to receive a response.
Why It Matters: Earlier this week, Elliott Investment Management asked for a special meeting of&nbsp;Southwest shareholders for Dec. 10 and <a href="https://www.benzinga.com/news/24/10/41314958/whats-going-on-with-southwest-airlines-stock-today">submitted a proposal</a> to replace eight directors on the struggling airline's board. 
Elliott&nbsp;has made several attempts to persuade Southwest to implement what it sees as "necessary" governance changes to improve financial performance since June. The hedge fund said it currently maintains nearly 11% stake in the airline.
"We are taking this step today because the need for improved oversight at Southwest has never been more urgent," the activist investor said earlier this week while adding that the company needs an experienced and qualified Board to oversee changes.
However, Southwest then termed the special meeting request as &#8220;<a href="https://www.benzinga.com/news/24/10/41339656/southwest-airlines-stock-is-rising-tuesday-whats-going-on">unnecessary and inappropriate</a>&#8221; and termed the hedge fund&#8217;s demands as &#8220;extreme.&#8221;
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41417197/elon-musk-tesla-refute-inefficiency-concerns-with-wireless-charging-on-cybercab-there-is-no-meaningf">Elon Musk, Tesla Refute Inefficiency Concerns With Wireless Charging On Cybercab: &#8216;There Is No Meaningful Efficiency Difference…&#8217;</a></li>
</ul>
Photo via Wikimedia Commons

Media

Southwest Airlines In Settlement Talks With Activist Investor Elliott Management To Avoid Proxy Fight For Board Control: Report

Vice President Kamala Harris on Saturday blamed Amber Thurman&#8216;s death in Aug. 2022 on Georgia&#8217;s abortion laws and accused former President Donald Trump of <a href="https://www.benzinga.com/news/24/09/40971766/trump-says-women-would-no-longer-be-thinking-about-abortion-if-he-wins-whitmer-calls-trump-just-dera">belittling her family&#8217;s sorrow.</a>
What Happened: "Donald Trump still refuses to take any accountability for the pain and the suffering he has caused," Harris said at a rally in Atlanta, <a href="https://apnews.com/article/harris-lizzo-usher-michigan-georgia-early-voting-bce7d9172df6a83cf40a35e00ddb1604">reported</a> the Associated Press. Thurman&#8217;s mother also attended the rally, holding a picture of her daughter, the report said.
Thurman died in Georgia in 2022 after delays in receiving appropriate medical care after an abortion. The state prohibits most abortions after six weeks. 
Harris referred to Trump&#8217;s previous comment about how his Fox News Channel town hall would get &#8220;better ratings&#8221; than the Thurman family on a separate media call. Harris accused Trump of belittling the family&#8217;s sorrow and being &#8220;cruel.&#8221; 
Why It Matters: Abortion is central to Harris&#8217; Presidential campaign. The vice president has pledged to restore the <a href="https://www.benzinga.com/news/24/09/40869733/trump-stumbles-again-over-health-care-issues-involving-abortion-and-obamacare">national right to abortion</a> if she wins in the Nov. 5 election.
Harris, a staunch supporter of abortion rights, has previously also reproached Trump for his influence in appointing three Supreme Court justices who reversed <a href="https://www.benzinga.com/news/22/06/27844012/breaking-supreme-court-overturns-roe-v-wade">Roe v. Wade in 2022 </a>and nullified the constitutional right to abortion. She held Trump accountable for the stringent abortion laws in several states, including Georgia, labeling it a healthcare crisis and attributing its inception to Trump.
Trump, meanwhile, said in September that women will &#8220;no longer be thinking about abortion&#8221;<a href="https://www.benzinga.com/news/24/10/41251001/trumps-niece-slams-texas-abortion-law-ruling-warns-of-future-challenges-if-kamala-harris-loses-nov-5"> if he reclaims the White House</a> as it will be upon states and their voters. 
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Photo courtesy: Wikimedia

Kamala Harris Blames Amber Thurman's Death On Georgia Abortion Law, Slams Trump For 'Cruel' Remarks

Former President Donald Trump launched a scathing attack on fellow billionaire Mark Cuban on Saturday, accusing him of being a &#8220;loser&#8221; and a &#8220;weak and pathetic bully.&#8221;
What Happened: Trump <a href="https://www.benzinga.com/startups/24/10/41415895/dont-normalize-trumps-behavior-warns-mark-cuban-says-its-an-insult-to-american-workers-to-claim-thei">escalated his public feud</a> with Cuban after the latter&#8217;s criticism of the ex-president&#8217;s tariff proposals during a Kamala Harris campaign rally in Wisconsin the previous Thursday.
Trump used his Truth Social platform on Saturday to lash out at Cuban. "Mark Cuban is a Loser," Trump wrote. 
"Wouldn't take his phone calls anymore while at the White House, and he went rogue. A weak and pathetic ‘bully,' he's got nothing going. Really low clubhead speed, a total non-athlete!"
<figure class="wp-block-image size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/19223421/Screenshot-2024-10-20-at-8.03.56%E2%80%AFAM.png" alt="" class="wp-image-603933" /></figure>
See Also: <a href="https://www.benzinga.com/news/24/10/41405124/whats-going-on-with-nvidia-stock-on-friday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Nvidia Stock On Friday?</a>
Why It Matters: Trump&#8217;s proposed tariff plan, <a href="https://www.benzinga.com/news/24/10/41348822/mark-cuban-says-he-knows-what-trump-wants-to-achieve-with-tariffs-but-the-ex-president-has-no-idea-w">which suggests a 20% universal tariff </a>on all imports and a 60% rate for Chinese imports, has faced widespread criticism from economists. They contend that such a stringent approach would primarily impact U.S. importers and consumers.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw">@mcuban</a> explains how Trump's tariff plan will raise your prices: "It's your family that will suffer. He doesn't care&#8230; Trump is the Grinch that&#39;s trying to steal your Christmas" <a href="https://t.co/OBy38weV8j">pic.twitter.com/OBy38weV8j</a>
&mdash; Morgan J. Freeman (@mjfree) <a href="https://twitter.com/mjfree/status/1847803323623051524?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
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Interestingly, Cuban, <a href="https://www.benzinga.com/news/24/10/41222696/mark-cuban-recalls-his-love-hate-relations-with-trump-its-not-like-i-dont-like-him-i-just-dont-think">who had once lauded Trump in 2015</a> as the &#8220;best thing to happen to politics in a long time,&#8221; has since turned into a staunch critic of the former president. He publicly endorsed Hillary Clinton in the 2016 election and has been a consistent supporter of the Harris campaign in the current election cycle.
Cuban, known for his role in &#8220;Shark Tank,&#8221; has also hinted at his political aspirations, including the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41314578/mark-cuban-to-replace-gary-gensler-under-harris-administration-if-asked-i-would-want-to-be">possibility of replacing Securities and Exchange Commission</a> Chair Gary Gensler. In a parallel development, Trump has roped in Elon Musk as a high-profile campaign surrogate, adding another dimension to his rivalry with Cuban.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill</a>
Images via Shutterstock

Trump Unleashes Scathing Attack On Former Friend Mark Cuban After Billionaire Criticizes Ex-President's Tariff Plans: 'Weak And Pathetic Bully'

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Saturday that its inductive charging technology for its <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">Cybercab product</a> would be over 90% efficient, refuting concerns.
What Happened: &#8220;Efficiency is well above 90%,&#8221; Tesla wrote in response to X users, including popular tech YouTuber Marques Brownlee, who opined that inductive charging such as the one demonstrated by Tesla in a video featuring the Cybercab, where the <a href="https://www.benzinga.com/news/24/10/41415010/tesla-cybercabs-wireless-charging-capabilities-shown-off-in-new-teaser-video-will-this-be-the-future">charger does not even touch the vehicle</a>, could be inefficient given the heat waste. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Efficiency is well above 90%
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1847745953857524119?ref_src=twsrc%5Etfw">October 19, 2024</a></blockquote>
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Tesla CEO Elon Musk also addressed the concerns and said, &#8220;There is no meaningful efficiency difference between inductive and conductive charging if the system is designed right.&#8221;
&#8220;There is always an inductor somewhere in the charge circuit!,&#8221; Musk added. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There is no meaningful efficiency difference between inductive and conductive charging if the system is designed right. There is always an inductor somewhere in the charge circuit!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1847758760166760524?ref_src=twsrc%5Etfw">October 19, 2024</a></blockquote>
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Why It Matters: Tesla unveiled the 2-seater Cybercab with no pedals or steering wheels at an event near Los Angeles earlier this month. The vehicle is Tesla&#8217;s dedicated product for autonomous driving and is expected to enter production &#8220;before 2027,&#8221; according to the company CEO. 
Musk then also added that the vehicle is expected to be priced at under $30,000.
Musk, however, is known for providing overambitious timelines on his companies&#8217; products including the next generation of Roadster which was initially expected to ship in 2020 but is yet to start production. Brownlee even said in a video earlier this week that he would<a href="https://www.benzinga.com/news/24/10/41325776/tech-youtuber-mkbhd-says-ill-shave-my-head-on-camera-if-elon-musks-tesla-delivers-cybercab-before-20"> shave his head on camera</a> if Tesla indeed launches the Cybercab before 2027 for $30,000. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Image via Tesla

TSLA

Elon Musk, Tesla Refute Inefficiency Concerns With Wireless Charging On Cybercab: 'There Is No Meaningful Efficiency Difference…'

The U.S. government has initiated an investigation into the unauthorized release of &#8220;highly classified&#8221; documents. These classified documents, which detail <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41309234/israels-attack-on-iran-would-rattle-the-nerves-of-oil-market-says-expert">Israel&#8217;s plans to attack Iran</a>, were found posted on the messaging platform, Telegram.
What Happened: The documents are believed to originate from the U.S. Geospatial Intelligence Agency and the National Security Agency. They indicate that Israel is mobilizing military assets to launch a retaliatory strike against Iran, following Iran&#8217;s ballistic missile attack on Oct. 1.
These documents were intended for internal circulation within the &#8220;Five Eyes&#8221; intelligence alliance, comprising the U.S., Great Britain, Canada, New Zealand, and Australia. U.S. officials, who wished to remain anonymous, have confirmed the documents&#8217; authenticity <a href="https://apnews.com/article/israel-iran-us-documents-attack-e7e23d09a2f1fc14498e64b38d74576f">to</a> The Associated Press.
See Also: <a href="https://www.benzinga.com/news/24/10/41324450/elon-musk-says-spacexs-next-generation-starlink-satellites-will-be-so-big-that-only-starship-can-lau?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says SpaceX&#8217;s Next-Generation Starlink Satellites Will Be &#8216;So Big That Only Starship Can Launch&#8217;</a>
The ongoing investigation is also probing how these documents were obtained, whether it was an intentional leak from within the U.S. intelligence community or through other means, such as hacking. It also scrutinizes whether any other intelligence information was compromised in the process, the AP report said.
The Pentagon has acknowledged the reports of the leaked documents, the report said, but refrained from commenting further. The &#8220;Middle East Spectator,&#8221; a Telegram channel, claimed to have received these &#8220;highly classified&#8221; documents from an anonymous source. However, the authenticity of the documents could not be verified by the Middle East Spectator.
The Pentagon and White House did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga's</a> request for comment.
Why It Matters: This leak comes at a critical time when the U.S. has been encouraging Israel to seek a ceasefire in Gaza following <a href="https://www.benzinga.com/markets/asia/24/10/41385179/hamas-chief-oct-7-mastermind-yahya-sinwar-possibly-dead-idf-conducts-dna-tests-after-gaza-clash">the elimination of Hamas leader</a> Yahya Sinwar. The U.S. has also advised Israel against escalating military operations in Lebanon, which could potentially trigger a broader regional conflict. Despite these warnings, Israel&#8217;s leadership remains adamant about not letting Iran&#8217;s missile attack go unanswered.
The leak of classified documents is a matter of grave concern for the U.S. government, especially given the recent history of similar incidents. In 2023, a <a href="https://www.benzinga.com/government/23/07/33127619/classified-document-leak-on-discord-prompts-pentagon-to-strengthen-security-procedures">significant security breach</a> prompted the Pentagon to implement stricter measures for handling classified national security information. This breach involved a National Guardsman leaking classified documents on the Discord social media platform.
The Guardsman, <a href="https://www.benzinga.com/news/23/04/31761347/us-to-turn-over-every-rock-to-find-intel-leak-source-amid-national-security-fears">who leaked the documents</a>, was charged under the Espionage Act and was linked to an online group where the leaked documents first appeared.
Read Next: <a href="https://www.benzinga.com/news/24/10/41355911/waymo-co-founder-says-tesla-has-an-advantage-in-race-to-autonomous-driving-id-rather-be-in-teslas-sh?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Waymo Co-founder Says Tesla Has An Advantage In Race To Autonomous Driving</a>
Image Via Shutterstock

US Investigating Leak Of 'Highly Classified' Documents On Israel's Alleged Plans To Attack Iran

<a href="https://www.bnnbloomberg.ca/business/2024/10/19/southwest-activist-elliott-to-begin-settlement-discussions/" title="https://www.bnnbloomberg.ca/business/2024/10/19/southwest-activist-elliott-to-begin-settlement-discussions/">https://www.bnnbloomberg.ca/business/2024/10/19/southwest-activist-elliott-to-begin-settlement-discussions/</a>

Insider Trades

Bloomberg Reported Earlier, Southwest, Elliott Investment Management To Begin Settlement Discussions

After a hurricane-related postponement, President Joe Biden will visit Angola in December, marking his first and last trip to the African continent in the final week of his tenure. Angola, a country with a complex history tied to the United States and its Cold War adversaries, is now at the forefront of new opportunities for collaboration, particularly in infrastructure development and <a href="https://www.benzinga.com/topic/metals">critical mineral supply chains</a>.
A Shifting Foreign Policy
During the Cold War, Angola was a hotspot for proxy battles between the Soviet Union and the United States. Angola&#8217;s civil war, which raged from 1975 to 2002, saw the Soviet Union, Cuba, and China support the ruling MPLA (People&#8217;s Movement for the Liberation of Angola), while the U.S. backed anti-communist rebel groups. Despite being on opposite sides, U.S. oil companies continued operating in Angola, exporting oil to Europe while geopolitical tensions persisted.
Since the end of the civil war, Angola has maintained a relatively stable government under the MPLA, and the U.S. established formal diplomatic relations in 1993. Over the years, the relationship between the two countries has grown, although Angola's primary economic ties have shifted towards China and Russia.
However, following Russia&#8217;s invasion of Ukraine, Angola&#8217;s abstention from the United Nations vote and subsequent vote against Russia signaled a more independent foreign policy—one that could align with Western interests and counterbalance China&#8217;s and Russia&#8217;s influence on the continent.
Also Read: <a href="https://www.benzinga.com/markets/esg/24/10/41409688/this-small-cap-nuclear-stock-is-up-over-100-in-a-month-will-it-keep-generating-momentum">This Small-Cap Nuclear Stock Is Up Over 100% In A Month: Will It Keep Generating Momentum?</a>
The Lobito Corridor
Lobito Corridor is a critical infrastructure project and likely the <a href="https://www.benzinga.com/markets/commodities/24/02/37074505/african-rail-projects-become-battleground-for-us-china-competition-in-strategic-mineral-suppl">focal point of Biden's visit</a>. This corridor, which includes the Benguela Railway, connects Angola's Lobito port to the mineral-rich regions of the Democratic Republic of Congo (DRC) and Zambia. By upgrading this route, the U.S. sees an opportunity to facilitate the export of critical minerals, especially copper and cobalt, essential for the global electric vehicle (EV) transition and renewable energy technologies.
Furthermore, Canadian Ivanhoe Mines (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/IVAPF#OTCQX">IVAPF</a>) was granted a license to explore for copper in Angola just a year ago, showing the growing Western interest in this country rich in manganese, uranium, zinc, wolfram, and, particularly, diamonds.
The Rich Neighborhood
The Lobito Corridor also benefits neighboring Zambia, which boasts 94 active mining projects, including KoBold Metals' <a href="https://www.benzinga.com/news/24/02/36940360/kobold-metals-announces-historic-copper-discovery-in-zambia">largest copper discovery</a> in the country's history. Copper is a critical resource for electronics, renewable energy, and EV batteries, and Zambians know it. They plan to raise their medium-term copper production to <a href="https://www.benzinga.com/markets/commodities/24/04/38115830/zambia-mining-boom-the-road-to-1-million-tons-of-copper">one million tons per year</a>.
Historically, Zambia has faced infrastructure bottlenecks that have <a href="https://www.benzinga.com/markets/commodities/24/03/37466646/zambia-plans-to-increase-copper-production-but-faces-3-problems">constrained its mining potential</a>. By leveraging the Lobito Corridor, Zambia could significantly boost its copper exports to global markets, especially as U.S. allies such as Saudi Arabia have <a href="https://www.benzinga.com/news/24/10/41399210/saudi-arabia-targeting-billions-in-zambian-assets-despite-persistent-infrastructure-troubles">recently invested in Zambian copper assets</a>, including First Quantum's (OTCPK: FQVLF) Kansanshi and Sentinel copper mines. Additionally, Barrick Gold's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) Lumwana copper mine in Zambia is one of the country's major copper producers, further highlighting the potential economic boost the Lobito Corridor could provide.
Countering China's Influence
For Angola, which is heavily indebted to China, this infrastructure project represents an opportunity to diversify its economic partnerships. China is Angola&#8217;s largest trading partner, primarily driven by oil exports. Yet, U.S. investments in projects like the Lobito Corridor could shift the country's economic focus toward the West, reducing its dependence on Chinese loans and infrastructure development.
President Biden's visit, therefore, comes at a crucial time. His trip opens a path to critical African commodities, countering China's Belt and Road initiative by providing a faster, more efficient route to Europe and the U.S., bypassing the Indian Ocean, and strengthening trade ties with Western markets.
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Biden's Farewell To Africa: Strategic Motives Behind First And Only Presidential Visit

As voters across the United States prepare to head to the polls on November 5, the <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">presidential race is heating up</a>.
As election day approaches, attention turns to the polling averages compiled by the polling <a href="https://abcnews.go.com/538" target="_blank" rel="noreferrer noopener">analysis</a> website 538, a part of ABC News. This platform gathers data from various national and battleground state polls, applying strict quality control measures to ensure reliability.
National Polls: Harris Holds a Narrow Lead On Average
Since entering the race in late July, Kamala Harris has maintained a slight lead over Donald Trump in national polling averages, <a href="https://www.bbc.com/news/articles/cj4x71znwxdo" target="_blank" rel="noreferrer noopener">reported </a>BBC. Initially experiencing a surge in popularity, she built a lead of nearly four percentage points by the end of August.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41410773/amazon-prime-offers-2024-election-night-coverage-with-brian-williams-special-and-its-free-f" rel="noreferrer noopener">Amazon Prime Offers 2024 Election Night Coverage With Brian Williams Special And It&#8217;s Free For Non-Subscribers</a>
Swing States: A Tight Contest
Currently, the race in seven battleground states is exceptionally close, with neither candidate holding a decisive advantage. Trump has recently claimed a slight lead in Arizona, Georgia, and North Carolina.
Conversely, in Nevada, Harris has edged ahead. Meanwhile, in Michigan, Pennsylvania, and Wisconsin, traditionally Democratic strongholds, Harris has maintained a narrow lead, though the numbers have tightened recently.
Notably, on the day Biden exited the race, he was trailing Trump by nearly five percentage points in these crucial swing states. Pennsylvania, in particular, is vital due to its significant electoral votes, and it had shown Biden behind by nearly 4.5 points at that time, BBC added while analyzing the polling average presented by the 538 website.
Trust in Polls: A Skeptical Landscape
Despite the current polling, uncertainty looms!
The close margins in swing states make it challenging to predict a winner, and past elections have shown that polls can underestimate Trump&#8217;s support, BBC added.
Polling companies are working to improve their methodologies, striving to better reflect the demographics of the voting population and anticipate voter turnout on November 5.
As Harris and Trump prepare for a fiercely contested election, all eyes will be on the battleground states that could determine the outcome.
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Key Battlegrounds Heat Up As Trump Gains Ground In Critical States

Gov. <a href="https://www.benzinga.com/topic/gavin-newsom" target="_blank" rel="noreferrer noopener">Gavin Newsom</a> (D-Calif.) has expressed his support for <a href="https://www.benzinga.com/topic/elon-musk" target="_blank" rel="noreferrer noopener">Elon Musk</a> in the billionaire&#8217;s dispute with a California agency that rejected an expansion of <a href="https://www.benzinga.com/topic/spacex" target="_blank" rel="noreferrer noopener">SpaceX&#8217;s rocket launches along the Pacific coast</a>.
In a recent interview, Newsom voiced his disapproval of the agency&#8217;s decision, aligning himself with Musk&#8217;s position after returning from a campaign event for Vice President Kamala Harris in North Carolina, <a href="https://www.politico.com/news/2024/10/18/elon-newsom-musk-california-spacex-00184408" target="_blank" rel="noreferrer noopener">reported</a> Politico.
Musk filed a lawsuit against the California Coastal Commission in federal court in Los Angeles on Tuesday, alleging that the commission engaged in blatant political discrimination by citing his support for former President Donald Trump when it rejected a Department of Defense proposal to increase SpaceX launches at Vandenberg Space Force Base.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41322319/gavin-newsom-approves-new-law-to-tackle-gas-prices-says-oil-industry-raising-prices-to-scare-voters" rel="noreferrer noopener">Gavin Newsom Approves New Law to Tackle Gas Prices, Says Oil Industry Raising Prices To &#8216;Scare Voters&#8217; Into Supporting Trump</a>
Newsom acknowledged that his comments might not aid Musk&#8217;s legal case, suggesting that such explicit political issues should not be raised.
The Coastal Commission&#8217;s 6-4 vote against the increased launches raised concerns about the classification of SpaceX activities and shifted discussions to Musk&#8217;s political conduct and labor practices.
Previously, Newsom and Musk have had tensions over various issues, including Musk&#8217;s relocation of businesses and Newsom&#8217;s criticisms of Trump.
Newsom pointed out that while Musk&#8217;s recognition of political discrimination is a positive step, his substantial donations to Trump raise questions about his character.
He emphasized that his administration had previously collaborated with the Defense Department to address concerns related to the launch proposal, and indicated that efforts were made to find common ground before the commission&#8217;s decision, noting that the focus should have been on broader implications rather than Musk&#8217;s political persona.
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Newsom Sides With Musk In Dispute Over California SpaceX Launches

Billionaire Bill Gates is best known for co-founding technology giant Microsoft, which is now a multi-trillion-dollar company. It turns out that Gates had to stop a bad habit along the way <a href="https://www.benzinga.com/startups/24/09/40982632/bill-gates-says-if-he-started-microsoft-today-hed-focus-on-this-industry-instead">to be successful</a>.
While an undergraduate student at Harvard University, Gates has a bad habit of procrastination.
"I liked to show people that I didn't do any work, and that I didn't go to classes and I didn't care," Gates said in a 2005 Q&amp;A session with Warren Buffett, as <a href="https://www.cnbc.com/2018/03/16/bill-gates-quit-this-bad-habit-before-he-became-successful.html">reported</a> by CNBC.
Gates said he would prepare for tests at the last minute.
"People thought that was funny. That was my positioning: the guy who did nothing until the last minute."
You may not be a billionaire like Bill Gates, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/exclusives/24/10/41405659/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
Gates recalled the need to get rid of this "very bad habit" when he got into the business world. The billionaire dropped out of Harvard after two years.
"When I went into business that was a really bad habit and it took me a couple years to get over that."
Gates acknowledged that while procrastination might have seemed like a cool character trait in college, it quickly became a liability in the business world, where last-minute work is generally frowned upon.
"Nobody praised me because I would do things at the last minute."
Gates said in the business world, he worked hard to reverse course and tried to emulate the students at Harvard "who were always organized and had things done on time."
While he was able to get rid of the bad habit, Gates confessed in the 2005 interview that he still hadn't fully learned not to put things off.
"I'm still working on it, but procrastination is not a good habit."
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Photo: Shutterstock

Education

Success Stories

Bill Gates Had A 'Very Bad Habit' That Could Have Derailed His Career

Shaquille O&#8217;Neal has <a href="https://www.benzinga.com/news/24/09/40931123/shaquille-oneals-estimated-500m-portfolio-includes-a-big-bet-on-google-but-big-shamrock-made-a-criti">developed a successful </a>business, entertainment and investing career in addition to his illustrious athletic career. He also hosts a program called &#8220;The Break&#8221; on his YouTube channel, in which he talks to a group of guests in a lighthearted and informal discussion about important topics like money management.
But just like anyone else, he wasn&#8217;t born knowing all the ins and outs of managing money. In an <a href="https://www.youtube.com/watch?v=dYG7vlMIRZQ">episode</a> called &#8220;Investing,&#8221; Shaq shared a story that perfectly sums up his journey from being rich to truly wealthy.
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&#8220;I used to see this rich guy, really rich, older – like 80 – driving a Rolls-Royce,&#8221; Shaq recalled. Curious, as many of us would be, Shaq asked the man how he got so wealthy. It wasn&#8217;t flashy stock picks or risky real estate deals that the man shared. Instead, he gave Shaq a word he&#8217;d never heard before: annuity.
Shaq went home to check it out because he didn&#8217;t want to miss anything important. He discovered that an <a href="https://www.benzinga.com/money/how-annuities-work">annuity is an investment</a> that lets you put money down now and get payouts regularly later on – think of it as a guaranteed retirement income.&nbsp;
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&#8220;I was making so much money from commercials and all, I didn&#8217;t know what to do with it,&#8221; Shaq said. But the advice clicked with him. The older man told Shaq that all the money he was making now could work for him in the future – he just needed to invest it wisely.
Shaq&#8217;s approach to handling his finances took a significant turn after that conversation. He said it was the best advice he ever got because it taught him to think about the future. &#8220;All this money you&#8217;re making, if you save it, you can invest it and start collecting at 50, 60 and 70,&#8221; the older man told him. Thus, instead of spending all his money or taking big risks, Shaq learned the <a href="https://www.benzinga.com/startups/24/10/41273376/im-not-in-this-to-become-a-trillionaire-said-shaq-on-starting-his-big-chicken-restaurants-its-about">importance of steady growth and safety</a>.
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But before Shaq shared his story, Juan Toscano-Anderson, who won the NBA championship with the Golden State Warriors in 2022 and was one of the guests on the show, admitted that, like many people, he was often tempted by the idea of quick money.&nbsp;
He <a href="https://www.benzinga.com/money/financial-advisor-costs-and-fees">hired financial advisors</a> but sometimes found their advice boring. He was more interested in seeing his $100,000 turn into $350,000 overnight. But after losing money in a friend&#8217;s business venture, he learned a crucial lesson: the basics might not be flashy, but they&#8217;re reliable. &#8220;It doesn&#8217;t [sic] have to be sexy. They&#8217;re the basics for a reason,&#8221; he said.&nbsp;
These examples teach a straightforward but important lesson – sometimes, the greatest investment advice isn&#8217;t to chase the latest hot stock or aim to double your money in a year. It all comes down to patience and realizing that wealth is accumulated gradually.
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Startups

'He Taught Me A Word I Never Heard,' Says Shaquille O'Neal About The Time He Received The Greatest Investment Advice From A Rich 80-Year-Old

A preliminary agreement was reached to <a href="http://www.iam751.org/2024StrikeProposal" target="_blank" rel="noreferrer noopener">resolve</a> the five-week strike at Boeing, the troubled aircraft manufacturer. The union i<a href="https://www.benzinga.com/news/24/10/41354045/as-boeing-workers-enter-second-month-of-strike-rival-airbus-reportedly-plans-to-cut-2-500-jobs" target="_blank" rel="noreferrer noopener">nformed its 33,000 striking members early Saturday</a>.
The International Association of Machinists and Aerospace Workers announced that members will vote on the proposal this Wednesday.
The proposal includes several key terms:
Wages will see a total increase of 35% over four years, broken down as 12% in Year 1, 8% in Year 2, 8% in Year 3, and 7% in Year 4. The Aerospace Machinists Performance Plan (AMPP) incentive plan will be reinstated, offering a guaranteed minimum annual payout of 4%, with the first payout expected in February 2025.
For retirement benefits, the company will match 100% of the first 8% contributed to the 401(k), along with a guaranteed Special Company Retirement Contribution of 4%. Additionally, there will be a one-time contribution of $5,000 to each member&#8217;s Boeing 401(k).
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In terms of pensions, the Boeing Company Employee Retirement Plan (BCERP) multiplier benefit will increase to $105 for vested employees. There will also be a one-time ratification bonus of $7,000. Lastly, the sick time call-out policy will revert to the language in the existing contract, removing the requirement to call in before shifts.
Boeing stands as the largest exporter in the United States, contributing approximately $79 billion annually to the economy. This supports 1.6 million jobs, both directly and indirectly, across 10,000 suppliers located in all 50 states.
The strike took place just a month after Kelly Ortberg began his role as the new CEO, who has expressed a desire to &#8220;reset&#8221; the strained relationship between the company and the union, reported CNN.
According to an estimate from Standard &amp; Poor's, the company has been incurring losses of around $1 billion per month because of the strike, adding to its existing financial challenges.
It has also revealed intentions to reduce its global workforce by 10%, which amounts to approximately 17,000 out of its 171,000 employees, CNN added. The strike has disrupted the production of nearly all of its commercial aircraft, and the company typically receives the majority of its revenue from plane sales upon delivery.
If the members approve the contract, it will supersede an agreement reached in 2008 following a two-month strike.
Boeing later stated in securities filings that this strike led to a revenue drop of approximately $6.4 billion that year, as it delivered 104 fewer aircraft than anticipated, per a news <a href="https://www.nytimes.com/2024/10/19/business/boeing-strike-deal.html" target="_blank" rel="noreferrer noopener">report</a> by The New York Times.
Boeing&nbsp;Q3 Preview:&nbsp;On October 11, Boeing said it will recognize impacts to its&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41299059/boeing-reports-preliminary-third-quarter-results" rel="noreferrer noopener">third-quarter financial results</a>&nbsp;related to charges for programs across its Commercial Airplanes and Defense, Space &amp; Security segments and the ongoing assembly workers strike.&nbsp;
The company anticipates pre-tax earnings charges of $3 billion on the 777X and 767 programs in the Commercial Airplanes segment and expects pre-tax earnings charges of $2 billion on the T-7A, KC-46A, Commercial Crew and MQ-25 programs in the Defense, Space &amp; Security segment.&nbsp;
Boeing expects to report third-quarter revenue of $17.8 billion, GAAP loss per share of $9.97 and negative operating cash flow of $1.3 billion.
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Movers

Tentative Deal Announced To End Boeing Strike, Union Will Vote Wednesday

Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity <a href="https://www.benzinga.com/trading-ideas/short-ideas/24/10/41379166/spirit-airlines-struggles-to-regain-altitude-as-competitors-soar-bankruptcy-concerns-in" target="_blank" rel="noreferrer noopener">date from December 31 to March 3</a>.
The budget airline was in the process of renegotiating an agreement with the U.S. National Bank Association concerning the processing of payments made to it through Visa or MasterCard credit cards, per an <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001498710/eb889122-2c29-499f-b13b-ff7b9f37a85f.pdf" target="_blank" rel="noreferrer noopener">exchange</a> filing (dated October 18).
The Wall Street Journal had earlier <a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae" target="_blank" rel="noreferrer noopener">reported</a> that Spirit was in discussions with bondholders regarding the conditions of a possible bankruptcy filing.
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, SAVE stock has lost over 90% in the past year.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/social-media/24/10/41189534/spirit-airlines-bankruptcy-chatter-has-critics-blaming-biden-heres-what-history-shows-about-" rel="noreferrer noopener">Spirit Airlines Bankruptcy Chatter Has Critics Blaming Biden: Here&#8217;s What History Shows About Carrier Mergers</a>
On October 15, Spirit indicated that it had fully utilized the $300 million available under its revolving credit facility and anticipated finishing the year with more than $1 billion in liquidity.
Since the pandemic, Spirit has not reported a profit, and its future as an independent airline became unclear after a federal judge halted its merger with JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), <a href="https://skift.com/2024/10/18/spirit-airlines-extends-key-deadline-to-refinance-debt/" target="_blank" rel="noreferrer noopener">reported</a> Skift. Additionally, problems with Pratt &amp; Whitney engines have forced the airline to ground parts of its fleet.
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, JBLU stock has gained over 82% in the past year. Investors can gain exposure to the stock via&nbsp;Themes Airlines ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRL#NASDAQ">AIRL</a>) and&nbsp;LeaderShares Activist Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACTV#NYSE">ACTV</a>).
Spirit has reported losses in almost every quarter since February 2020, per data from<a target="_blank" href="https://www.benzinga.com/pro/" rel="noreferrer noopener">&nbsp;Benzinga Pro</a>. For the 2024 fiscal year second quarter, the company reported an adjusted net loss of $157.9 million.
According to a <a href="https://qz.com/jetblue-founder-neeleman-merger-spirit-frontier-1851676433" target="_blank" rel="noreferrer noopener">report </a>by Quartz, JetBlue&#8217;s founder further escalated matters following the airline&#8217;s unsuccessful merger attempt with Spirit Airlines.
David Neeleman, who left JetBlue in 2007 and now runs Breeze Airways, <a target="_blank" href="https://www.washingtonpost.com/travel/2024/10/17/jetblue-breeze-airways-david-neeleman-southwest-spirit/" rel="noreferrer noopener">told </a>the Washington Post that Spirit should have pursued a merger with Frontier Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) instead. However, JetBlue made a more attractive offer to partner with Spirit. After a judge blocked the JetBlue-Spirit merger on antitrust grounds in January, both companies ultimately abandoned the effort in March.
In a <a target="_blank" href="https://s24.q4cdn.com/507316502/files/doc_financials/2024/q2/Earnings-Release-2Q24.pdf" rel="noreferrer noopener">release </a>dated August 1, the company announced that it is on track to realize $100 million in annual run-rate cost savings, with around $75 million anticipated to be achieved by the end of 2024.
Compared to the third quarter of 2023, in the third quarter of 2024, the company will have exited 42 markets while adding 77 new ones, offering more routes on specific days of the week to facilitate expansion with a lower risk profile, and aggressively managing capacity to better align with seasonal and daily demand fluctuations.
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Image: Wikimedia Commons

ACTV

AIRL

JBLU

SAVE

ULCC

Spirit Airlines Extends Debt Deadlines, JetBlue Founder Suggests Frontier Group A More Suitable Match

When it comes to collecting autographs, former U.S. presidents are among the most sought after and sometimes hardest to locate<a href="https://www.benzinga.com/topic/collectibles"> for memorabilia collectors.</a>
An upcoming auction offers autographs from every president, from George Washington to Barack Obama.
What Happened: There have been 45 different presidents of the United States, with Donald Trump and Joe Biden serving as the <a href="https://www.benzinga.com/general/politics/24/09/40821291/donald-trump-signed-golden-sneakers-autographed-maga-hat-up-for-auction-at-goldin-heres-the-pric">two most recent</a>.
Autographs from Trump and Biden aren't included in a rare auction of presidential signatures, but the collection is unique and one-of-a-kind for the right buyer.
University Archives is auctioning off a collection of documents signed by the 43 presidents from Washington through Obama, as reported by <a href="https://www.cllct.com/sports-collectibles/autographs/from-washington-to-obama-collection-of-presidential-autographs-hits-auction-block">Cllct</a>. Each of the autographs came during the president's time in the White House, making the collection even more rare.
The collection includes autographed letters, typed letters, and signed documents. The auction house estimates the pre-sale price of the lot of rare presidential signatures at $400,000 to $500,000. The auction kicks off on Oct. 30.
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Why It's Important: While a collection of the autographs of every president is rare, one name stands out in the collection.
William Henry Harrison, who served as the ninth president, has one of the rarest autographs in history. Harrison was inaugurated as president at the age of 67 in 1841, a record for the oldest president sworn in at the time.
Harrison became ill after his record one hour and 45-minute inauguration speech in March 1841 and died one month later.
According to the Cllct report, autographs from Harrison before his presidency sell for around $1,000, but autographs from his short time as president are incredibly rare and valuable. A Harrison signed document from his time in office sold for $75,000 in 2015. Only around 40 Harrison autographs from his time as president are known to exist.
Outside of Harrison, former President James Garfield is another rare autograph from his presidential term. Garfield, the 20th president of the United States, was assassinated 200 days into his term, the second-shortest stint.
Whoever buys the collection will have to decide whether to continue the trend and acquire autographs from Trump and Biden.
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Image created using artificial intelligence via Midjourney.

Washington To Obama: Rare Presidential Autograph Collection Could Fetch $500,000 At Auction

Just one week after expanding its single-stock ETF suite, Direxion has launched new leveraged ETFs targeting two major players in the semiconductor industry: Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) <a href="https://www.benzinga.com/quote/MU/news">and Micron Technology Inc</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).



<h2 class="wp-block-heading">Broadcom And Micron – New Leveraged Bull &amp; Bear ETFs</h2>



With Thursday&#8217;s launch, active traders can magnify or inverse their exposure to Broadcom and Micron stocks using:



<ul>
<li>Direxion Daily AVGO Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVL#NASDAQ">AVL</a>)</li>



<li>Direxion Daily AVGO Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVS#NASDAQ">AVS</a>)</li>



<li>Direxion Daily MU Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MUU#NASDAQ">MUU</a>)</li>



<li>Direxion Daily MU Bear 1X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MUD#NASDAQ">MUD</a>)</li>
</ul>



<h2 class="wp-block-heading">A Growing Suite Of Semiconductor ETFs</h2>



"Direxion is the leader in the semiconductor sector of the leveraged and inverse ETF universe, with over $13B in assets across the suite," said Edward Egilinsky, managing director at Direxion. "With the launch of the Broadcom and Micron Technologies ETFs, Direxion now has the largest suite of single-stock leveraged and inverse ETFs as well."



Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40652895/exclusive-beyond-the-magnificent-seven-direxions-egilinsky-reveals-top-sector-picks" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Beyond The Magnificent Seven — Direxion&#8217;s Egilinsky Reveals Top Sector Picks</a>



These ETFs offer traders new tools to tap into the price movements of Broadcom and Micron — both dominant names in the semiconductor space. Leveraged and inverse ETFs are designed for short-term trading, enabling traders to capitalize on market shifts without holding long-term positions.



<h2 class="wp-block-heading">Tools For High-Risk, Short-Term Traders</h2>



As always, Direxion advises that these ETFs are for experienced traders with a high risk tolerance. Leveraged products like these are not suitable for buy-and-hold strategies, as they seek to magnify short-term stock movements.



For traders, Direxion's new ETFs provide fresh opportunities to react to market volatility and industry trends — but it's crucial to stay vigilant, as the risks of trading with leverage are just as significant as the potential rewards.



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Photo: Shutterstock

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