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The United States has the second longest lead times in the world for developing new mines, averaging 29 years from discovery to production. This extensive timeframe is only surpassed by Zambia, where it takes an average of 34 years. This bureaucratic obstruction significantly hampers the country&#8217;s plans for a technology transition, especially in the energy sector, where the <a href="https://www.benzinga.com/markets/commodities/24/04/38114381/critical-minerals-race-heats-up-us-eu-challenge-chinas-dominance">demand for critical minerals is surging</a>.
A <a href="https://press.spglobal.com/2024-07-18-United-States-Ranks-Next-to-Last-in-Development-Time-for-New-Mines-that-Produce-Critical-Minerals-for-Energy-Transition,-S-P-Global-Finds">report</a> by S&amp;P Global, titled &#8220;Mine Development Times: The U.S. in Perspective,&#8221; highlights this challenge.
&#8220;This new analysis underscores a fundamental challenge for the energy transition,&#8221; stated Daniel Yergin, the company's vice chairman. "Building the new infrastructure and adopting new technologies in the pursuit of Net-zero 2050 goals will greatly depend on reconciling surging demand with long lead times and other challenges presently encountered in scaling up supply of critical materials,&#8221; he said.
Now Read: <a href="https://www.benzinga.com/news/large-cap/24/07/39836855/fortescue-delays-green-hydrogen-ambitions-reaffirms-commitment-to-future-projects">Fortescue Delays Green Hydrogen Ambitions, Reaffirms Commitment To Future Projects</a>
The study examined 268 global mines, most of which are currently operating. Interestingly, only three mines have come into production in the U.S. since 2002. Additionally, 10 non-operating projects have been in production for decades, with one going back as far as 1978. Pre-production values of mines in development have exceeded $100 billion in copper, gold, lithium and zinc.
Despite having substantial mineral resources, including over 275 million tons of copper and over 43 million tons of lithium, the U.S. lags in mineral exploration compared to Canada or Australia.
While Australia saw 57% higher investments over the last 15 years, in Canada, this discrepancy is as high as 81%, owing to a higher certainty for projects to reach production.
Efforts to streamline the process are underway, as the National Mining Association (NMA) started advocating for the revival of the Bureau of Mines, which has been dormant since 1996. The NMA believes this could expedite the permitting process and improve efficiency in mine development.
However, concerns remain about potential bureaucratic bloat. In a recent <a href="https://www.benzinga.com/markets/commodities/24/07/39797778/exclusive-american-pacific-ceo-discusses-rio-tinto-partnership-junior-mining-trends-why-days-">interview</a> for Benzinga, Eric Saderholm,  American Pacific's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/USDGF#OTC">USDGF</a>) managing director of exploration, expressed caution about this proposal.
&#8220;The Bureau of Mines has been gone for about 30 years. It could serve a purpose if it expedites permitting. But if it becomes just another bureaucratic layer, then it doesn&#8217;t help. It really depends on who you put in that bureau," he said.
Read Next:
<ul>
<li> <a href="https://www.benzinga.com/markets/commodities/24/07/39797778/exclusive-american-pacific-ceo-discusses-rio-tinto-partnership-junior-mining-trends-why-days-">American Pacific CEO Discusses Rio Tinto Partnership, Junior Mining Trends, Why &#8216;Days Of Dismissing Environmental Impact Are Over&#8217;</a></li>
</ul>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!
Photo: Shutterstock

News

Commodities

USDGF

US Mine Development Delays Among World's Longest, Second Only To Zambia

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has crossed an important milestone on the way to rolling out its <a href="https://www.benzinga.com/general/entertainment/24/07/39870013/elon-musk-reacts-as-rapper-meek-mill-flexes-his-all-black-cybertruck-ahead-of-his-new-song-">stainless steel Cybertruck </a>in the neighboring country of Canada. 
What Happened: Canada granted the EV maker approval to use its steel-by-wire system in the country as required for testing. The technology, which does not meet the country&#8217;s specification for minimum steering angle, is only available on the company&#8217;s Cybertruck and not on any of its other offerings.
Tesla, however, will have to provide detailed semi-annual incident reports starting on January 18, the government said, while also meeting other regulatory demands.
&#8220;An important milestone on our way to Canada,&#8221; Cybertruck lead engineer Wes Morrill said about the green light from the Canadian government. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">An important milestone on our way to &#x1f1e8;&#x1f1e6;
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1814491440359395602?ref_src=twsrc%5Etfw">July 20, 2024</a></blockquote>
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Why It Matters: The Cybertruck is the latest offering from Tesla. The company started delivering the trucks to U.S. customers in late November. 
Former Tesla executive Rohan Patel <a href="https://www.benzinga.com/news/24/02/37304997/tesla-executive-sheds-light-on-cybertruck-availability-in-canada-have-to-file-some-routine-paperwork">confirmed earlier this year</a> that Tesla will indeed sell Cybertrucks in Canada. 
"No doubt we will sell Cybertruck in Canada- insanely huge interest,"&nbsp;Patel&nbsp;wrote on X, formerly Twitter.
"Have to file some routine paperwork, but hoping that can be wrapped up soon," he added. Patel was vice president of Public Policy and Business Development at Tesla. He left the company in April. 
Tesla&#8217;s Canadian website currently shows only an option to pre-order the Cybertruck for $150. 
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>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39870115/spacex-ceo-elon-musk-says-safe-destruction-of-international-space-station-will-be-a-very-dramatic-ev" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Safe Destruction Of International Space Station Will Be A ‘Very Dramatic Event:&#8217; ‘Sky Full Of Shooting Stars&#8217;</a></li>
</ul>
Photo via Shutterstock

Tech

TSLA

Tesla Gets Green Light From Canadian Government To Deploy Steer-By-Wire System, Clearing Path For Cybertruck Sales

Microsoft Corp. co-founder and billionaire Bill Gates <a href="https://www.benzinga.com/news/24/07/39613049/tesla-ceo-elon-musk-divulges-his-publicly-traded-stock-portfolio-and-its-in-stark-contrast-to-that-o">wishes that</a> Tesla Inc. CEO Elon Musk would talk more about climate change but the latter might not.
What Happened: &#8220;He talks a lot. I hope he will talk more about climate,&#8221; Gates, known for his contributions to solving climate change, said with a laugh in an<a href="https://www.youtube.com/watch?v=5CLwNnpNGxc"> interview</a> with Bloomberg on Thursday. 
When asked by Bloomberg's Senior Executive Editor for Energy, Climate and Equality, John Fraher, as to what he would like Musk to talk about when he talks about climate, Gates said, &#8220;I don&#8217;t think he&#8217;ll listen to anybody telling him what to talk about. So. You know, he&#8217;s unique and he&#8217;ll talk about whatever he feels like.&#8221;
Gates also applauded Musk in the interview, commending his efforts in driving the car industry towards electric vehicles. Musk&#8217;s Tesla is the world&#8217;s largest battery electric vehicle seller with 443,956 EVs sold in the second quarter alone. 
Musk&#8217;s Take On Climate Change: Musk, however, thinks that climate change risk is &#8220;overstated in the near-term.&#8221;
&#8220;Climate change risk is overstated in the near-term, but probably accurate in the long-term,&#8221; Musk wrote on X in June while adding that industries must reduce carbon emissions into the atmosphere.
&#8220;What people do on the surface is essentially irrelevant,&#8221; Musk said while adding that taxing dairy farmers for the emissions released by their cattle as proposed by the country of Denmark &#8216;won&#8217;t matter&#8217; for climate change. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The truth is somewhere in the middle. Climate change risk is overstated in the near-term, but probably accurate in the long-term. All that matters is how many billions of tons of carbon are transferred from deep underground into the atmosphere and oceans, aka the "surface…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1807518848037658828?ref_src=twsrc%5Etfw">June 30, 2024</a></blockquote>
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Why It Matters: Gates and Musk have a strained relationship, mostly owing to Gates' <a href="https://www.benzinga.com/top-stories/24/07/39607932/exclusive-tesla-shorts-were-profitable-this-year-until-shareholders-approved-musks-pay-package-exper" target="_blank" rel="noreferrer noopener">short position in Tesla stock</a>. "Once Tesla fully solves autonomy and has Optimus in volume production, anyone still holding a short position will be obliterated. Even Gates," Musk said earlier this month.
Gates, however, has also previously applauded Musk. In an appearance on CNBC in 2021, Gates said, "We need more Elon Musks."
Both Gates and Musk are among the top five rich people around the globe. While Musk tops the chart with a total net worth of $264 billion, Gates is in the fifth position with a total net worth of $160 billion, according to the Bloomberg Billionaires Index. 
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>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39870378/elon-musk-says-tesla-deleted-crowdstrike-from-its-systems-but-was-not-untouched-by-global-it-outage">Elon Musk Says Tesla Deleted CrowdStrike From Its Systems But Was Not Untouched By Global IT Outage: &#8216;Unfortunately, Many Of Our Suppliers&#8230;Use It&#8217;</a></li>
</ul>
Photo courtesy: Wikimedia and Shutterstock

Bill Gates Wants Elon Musk To Talk About Climate But Tesla CEO Thinks Climate Change Alarm Is Exaggerated: 'He'll Talk About Whatever He Feels Like'

Warren Buffett's Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has offloaded approximately 33.9 million shares of Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), equivalent to around $1.48 billion, as per a regulatory filing with the U.S. Securities and Exchange Commission (SEC.)
What Happened: The transactions were executed this week, bringing down Berkshire Hathaway&#8217;s ownership to about 999 million BofA shares. The Charlotte, North Carolina-based bank lists Berkshire as one of its biggest shareholders.
Berkshire, under the leadership of Buffett, holds a diverse portfolio of bank investments, encompassing stakes in Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) and JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>).
The conglomerate first invested in Bank of America in 2011, purchasing $5 billion of preferred stock and warrants to buy 700 million common shares, at a time when many investors were apprehensive about the bank&#8217;s capital requirements.
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/39853970/dow-plunges-over-500-points-following-unexpected-surge-in-us-jobless-claims?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dow Plunges Over 500 Points Following Unexpected Surge In US Jobless Claims</a>
Why It Matters: This move is in line with Berkshire&#8217;s recent trend of trimming its holdings in various companies. In Q1 2024, Berkshire <a href="https://www.benzinga.com/markets/equities/24/05/38965414/5-stocks-that-warren-buffetts-berkshire-hathaway-has-been-trimming">reduced its stakes in five major companies</a>, including a significant sale of over 116 million shares of Apple Inc.
In June, Berkshire <a href="https://www.benzinga.com/markets/equities/24/06/39356657/warren-buffetts-berkshire-hathaway-further-reduces-position-in-this-tesla-rival-an-investment-ch">further reduced its stake</a> in China-based electric vehicle maker BYD Co Ltd., fetching proceeds of HK$ 310.5 million ($39.8 million). This was part of a series of small quantity offloads of BYD shares over the years.
Price Action: Bank of America Corp.'s shares closed 0.26% lower at $42.90 on Friday. Berkshire Hathaway Inc.'s Class A shares fell 1.63% to $652,040, while Berkshire Hathaway Inc.'s Class B shares closed 1.66% lower at $434.47, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39870085/trump-boasts-very-good-phone-call-with-zelenskyy-says-russia-ukraine-will-come-together-and-negotiat">Trump Boasts &#8216;Very Good&#8217; Phone Call With Zelenskyy, Says Russia-Ukraine Will &#8216;Come Together And Negotiate A Deal That Ends The Violence&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

Equities

Markets

Warren Buffett's Berkshire Hathaway Sells 33.9M Bank Of America Shares, Worth $1.48B

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Friday said that the EV company was affected by the recent global IT outage which gave a<a href="https://www.benzinga.com/news/24/07/39870321/tesla-ceo-elon-musk-blasts-satya-nadella-after-microsoft-crowdstrike-issue-takes-down-millions-of-co"> &#8216;seizure&#8217; to the automotive supply chain. </a>
What Happened: A software update of U.S. cybersecurity firm CrowdStrike Holdings&#8216; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) Falcon platform on Thursday night led to widespread disruptions in Microsoft Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) systems, pushing critical global services such as airports, ports, financial institutions, and hospitals to a standstill. The issue stemmed from the CrowdStrike update conflicting with Microsoft&#8217;s Windows operating system, leading to a blue screen of death (BSOD) issue for Windows users. 
Musk on Friday said that the disruption in Microsft systems gave a &#8220;seizure&#8221; to the automotive supply chain. The CEO confirmed in a post on X that Tesla deleted Crowdtrike from all of its systems but it was still affected as many of its suppliers and logistics companies &#8220;unfortunately&#8221; use it.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Unfortunately, many of our suppliers and logistics companies use it
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1814341188822167660?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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Why It Matters: Microsoft, which leverages CrowdStrike&#8217;s services to enhance security for its Azure and Office365 software, said on Friday morning that the underlying cause of the outage has been resolved, helping resume halted services across sectors. 
Microsoft&#8217;s Windows operating system, deployed on&nbsp;<a href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country" target="_blank" rel="noreferrer noopener">machines of businesses across industries</a>&nbsp;like airline, healthcare, IT, and even 911 services, is the dominant desktop operating system in the world, with a 72% market share. 
Microsft shares <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39858714/crowdstrike-shares-trim-heavy-losses-as-microsoft-announces-resolution-of-global-te">closed down </a>0.7% at $437.11 on Friday while Crowdstrike shares closed down 11.1% at $304.96 following the IT outage. 
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/24/07/39870115/spacex-ceo-elon-musk-says-safe-destruction-of-international-space-station-will-be-a-very-dramatic-ev" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Safe Destruction Of International Space Station Will Be A ‘Very Dramatic Event:' ‘Sky Full Of Shooting Stars'</a></li>
</ul>
Image Via Shutterstock

CRWD

MSFT

Elon Musk Says Tesla Deleted CrowdStrike From Its Systems But Was Not Untouched By Global IT Outage: 'Unfortunately, Many Of Our Suppliers...Use It'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk slammed Microsoft Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Satya Nadella following the <a href="https://www.benzinga.com/news/24/07/39870313/microsoft-crowdstrike-issue-caused-largest-it-outage-in-history-showing-how-much-we-depend-on-a-hand">massive IT outage</a> caused by a faulty update pushed out by CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>).
What Happened: Musk slammed Nadella, saying, "This gave a seizure to the automotive supply chain."
This comes after Nadella posted a statement on social media platform X, formerly Twitter, saying that the company is working with its clients to bring their systems back online <a href="https://www.benzinga.com/markets/equities/24/07/39854612/windows-pcs-crash-worldwide-with-users-experiencing-blue-screen-of-death-issue-crowdstrike-updat">after the outage</a> caused by CrowdStrike.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This gave a seizure to the automotive supply chain
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1814334171701014848?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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It's not the only instance of Musk mocking Microsoft – he quoted one of his posts from 2021, which said, &#8220;Macrohard &gt;&gt; Microsoft.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">… <a href="https://t.co/X9a2ghyo4P">https://t.co/X9a2ghyo4P</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1814203437275361458?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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Musk also revealed that CrowdStrike's software has been removed from the systems of his companies, but he did not specify exactly which of his companies he was referring to.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
"We just deleted CrowdStrike from all our systems, so no rollouts at all."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We just deleted Crowdstrike from all our systems, so no rollouts at all
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1814336158505050523?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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However, he added that "many of our suppliers and logistics companies use it."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Unfortunately, many of our suppliers and logistics companies use it
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1814341188822167660?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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Security researcher Troy Hunt described it as the "largest IT outage in history."
See Also: <a href="https://www.benzinga.com/news/24/07/39855896/how-to-fix-crowdstrike-issue-causing-blue-screen-of-death-on-your-windows-pc">How To Fix CrowdStrike Issue Causing Blue Screen Of Death On Your Windows PC</a>
Why It Matters: The Microsoft-CrowdStrike issue has impacted millions of computers around the world. Microsoft's Windows operating system, deployed on <a href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country">machines of businesses across industries</a> like airline, healthcare, IT, and even 911 services, is also the dominant desktop operating system in the world, with a 72% market share.
A bad update to a CrowdStrike service led to the blue screen of death (BSOD) issue for Windows users, preventing them from accessing their computers.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39866711/government-agency-advises-public-against-testing-911-in-wake-of-crowdstrike-outage">Government Agency Advises Public Against Testing 911 In Wake of CrowdStrike Outage</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock and Flickr

Social Media

Tesla CEO Elon Musk Blasts Satya Nadella After Microsoft-CrowdStrike Issue Takes Down Millions Of Computers Globally: 'This Gave A Seizure To The Automotive Supply Chain'

The <a href="https://www.benzinga.com/markets/equities/24/07/39854612/windows-pcs-crash-worldwide-with-users-experiencing-blue-screen-of-death-issue-crowdstrike-updat">global IT outage</a>, which has been attributed to a software update from cybersecurity firm CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), has been described as the &#8220;largest IT outage in history," impacting computer systems running on Microsoft Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Windows operating system and cloud services.
What Happened: The Microsoft-CrowdStrike incident has affected businesses worldwide, including airlines, banks, media, and <a href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country">even 911 services</a>, and has highlighted the extent of our reliance on a few key companies.
Microsoft&#8217;s cloud services were also affected, resulting in the grounding and cancellation of flights for several airlines.
Microsoft <a href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country">reported issues with its cloud services</a> in the Central U.S. region, which impacted the operations of several airlines. The outage led to the grounding and cancellation of flights for several airlines.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/07/39852314/netflix-ends-lowest-priced-ad-free-plan-in-the-us-here-are-your-choices-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Netflix Ends Lowest-Priced Ad-Free Plan In The US: Here Are Your Choices Now</a>
While Microsoft&#8217;s cloud services have since been restored, the incident has raised concerns about the extent of our dependence on a few key companies.
Security researcher Troy Hunt described it as the "largest IT outage in history," especially since tech companies managed to avoid the "Y2K" issue.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I don't think it's too early to call it: this will be the largest IT outage in history
&mdash; Troy Hunt (@troyhunt) <a href="https://twitter.com/troyhunt/status/1814198760387596407?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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</figure>
Overdependence On Few Companies: The widespread outage caused by this incident also shows how much the world&#8217;s critical infrastructure depends on companies like Microsoft and CrowdStrike.
&#8220;You&#8217;re starting to see more instances where a mistake happens, it cascades, and then all of a sudden, the public is going to feel it, whether it&#8217;s a canceled medical procedure or their flight stuck on the tarmac,&#8221; Chris Cummiskey, CEO of Cummiskey Strategic Solutions and a former official with the U.S. Department of Homeland Security, <a href="https://www.businessinsider.com/it-outage-reminds-us-of-dependency-on-few-tech-companies-2024-7">told</a> Business Insider.
According <a href="https://www.statista.com/topics/1003/operating-systems/">to</a> Statista, the Windows operating system accounts for 72% — or 3 out of every 4 computers in the world – while Apple's macOS has a 15% share. This is one of the reasons why the Microsoft-CrowdStrike issue had such a large-scale impact on business across industries.
Why It Matters: The outage has underscored the potential risks associated with the world&#8217;s reliance on a few key companies for critical services. The incident has affected a wide range of industries, including healthcare, finance, and transportation, raising concerns about the potential impact of such widespread reliance.
CrowdStrike is a cybersecurity company based out of Austin, Texas. It provides cloud protection and endpoint security services and is deployed on the computer systems of a large number of organizations around the world, as Friday's IT outage has shown.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<a href="https://www.benzinga.com/news/24/07/39859372/fbi-reportedly-used-israel-based-security-firms-unreleased-technology-to-crack-trump-shooters-phone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">FBI Reportedly Used Israel-Based Security Firm&#8217;s Unreleased Technology To Crack Trump Shooter&#8217;s Phone</a>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Microsoft-CrowdStrike Issue Caused 'Largest IT Outage In History,' Showing How Much We Depend On A Handful Of Companies

President Joe Biden on Friday slammed former President Donald Trump over the contents of his speech at the Republic National Convention in Milwaukee earlier this week, including the <a href="https://www.benzinga.com/news/24/07/39854007/trump-says-he-will-end-the-electric-vehicle-mandate-on-day-one-days-after-tesla-ceo-elon-musks-endor">latter&#8217;s promise of ending a so-called &#8220;EV mandate.&#8221;</a>
What Happened: Biden said in a thread on X that he had the &#8220;distinct misfortune&#8221; of watching Trump&#8217;s speech as he is home with COVID. The president went on to dispute the key points in Trump&#8217;s speech including the latter&#8217;s promise of ending the EV &#8216;mandate&#8217; on day one of his potential future presidency. 
&#8220;He said he'll end the "electric vehicle mandate" on day one. Donald, there is no electric car mandate,&#8221; Biden wrote on X. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">He said he'll end the "electric vehicle mandate" on day one. Donald, there is no electric car mandate. And American manufacturing is booming under my administration.
&mdash; Joe Biden (@JoeBiden) <a href="https://twitter.com/JoeBiden/status/1814455602699219419?ref_src=twsrc%5Etfw">July 20, 2024</a></blockquote>
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Trump on Thursday referred to the Biden administration's aim to ensure that a majority of new passenger cars and light trucks sold in the United States are all-electric or hybrids by 2032 as the &#8220;EV mandate,&#8221; claiming that Biden is attempting to take away the choice of purchasing gasoline-powered cars from American customers. 
Biden Disputes Trump On Unions, Manufacturing Jobs: The President also slammed Trump for his call for the resignation of the United Auto Workers (UAW) union chief&nbsp;Shawn Fain.
&#8220;He attacked unions, and it's not the first time. Not even close,&#8221; Biden said while adding that he is the &#8220;most pro-worker president in history.&#8221; 
&#8220;Donald doesn't know a damn thing about protecting workers and their rights. He should be ashamed,&#8221; the president added.
Trump on Thursday told the crowd gathered at Fiserv Forum that he would bring all manufacturing jobs back into the U.S. by forcing foreign players to build plants in America and employ U.S. workers, failing which they will be imposed with heavy tariffs. 
Biden disputed the claim of America having lost manufacturing jobs under his leadership saying that American manufacturing has only boomed under him. &#8220;Donald, look at the facts. With my bipartisan legislation, manufacturing jobs are booming with nearly 800,000 new jobs. Trump promised the same in 2016 and failed,&#8221; Biden wrote. 
Biden, overall, summed his thoughts on Trump&#8217;s speech with, &#8220;What the hell was he talking about?&#8221;
&#8216;Trump Wants To Be A Dictator&#8217;: Biden alleged on Friday that Trump wants to be a dictator and reminded people of the time when COVID was at its peak and Trump called on people to inject bleach. Biden also alleged that Trump proposed cutting Social Security and Medicare every year he was in office despite his claims of wanting to protect them. 
Trump&#8217;s Project 2025 will raise taxes on the middle class and cause more inflation, he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">He bragged about getting along with dictators. That's because Trump wants to be a dictator. He said so himself.<a href="https://t.co/ThkDNeDCOO">pic.twitter.com/ThkDNeDCOO</a>
&mdash; Joe Biden (@JoeBiden) <a href="https://twitter.com/JoeBiden/status/1814463808670224860?ref_src=twsrc%5Etfw">July 20, 2024</a></blockquote>
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Why It Matters: As per a <a href="https://www.benzinga.com/news/24/07/39853944/biden-vs-trump-ex-president-takes-commanding-national-lead-as-democratic-support-for-incumbent-crumb">recent CBS News/YouGov survey</a>, which collected responses from 2,247 registered voters nationwide between July 16-18 after the shooting incident at Trump&#8217;s Pennsylvania rally, the former President increased his lead over Biden with the latest tally standing at 52%-47% in the former's favor. 
This five-point lead would be his largest national lead over Biden in the presidential election campaign so far, the pollster said. "It's been 20 years since a Republican presidential candidate has won the national popular vote, and over 30 years since a Republican won by more than five," CBS News' report said.
Two-thirds of the registered voters said Trump's handling of the July 13 assassination attempt has not changed their consideration, while 26% said it has made them more likely to consider the former president. 7% said it has made them less likely to consider him.
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>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39870115/spacex-ceo-elon-musk-says-safe-destruction-of-international-space-station-will-be-a-very-dramatic-ev">SpaceX CEO Elon Musk Says Safe Destruction Of International Space Station Will Be A &#8216;Very Dramatic Event:&#8217; &#8216;Sky Full Of Shooting Stars&#8217;</a></li>
</ul>
Images Via Shutterstock

Politics

Biden Claps Back After Trump's EV 'Mandate' Comments At RNC: 'What The Hell Was He Talking About?'

Billionaire entrepreneur Richard Branson disclosed his most significant business failure- Virgin Cola&#8211; and the crucial lesson it imparted in a recent podcast. 
What Happened: Branson, the founder of the Virgin Group, revealed on the &#8216;Work-Life With Adam Grant&#8217; <a href="https://podcasts.apple.com/qa/podcast/richard-branson-on-saying-yes-now-and-figuring-it-out-later/id1346314086?i=1000659299425">podcast</a> that the failure of Virgin Cola, a soda launched by his company in 1994, taught him a valuable lesson. Despite initial success in the U.K., the product failed to maintain its position, particularly in the U.S. market, leading to its eventual closure.
Branson shared that the failure of Virgin Cola, which was intended to challenge industry giants Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) and Pepsi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), taught him the importance of seeing oneself as an underdog.
"People quite like the underdog," he said. "You don't always want to be the smarta&#x2A;&#x2A; that is successful." The key point, he said, is trying again after a failure.
&#8220;It was a lot of fun, it didn&#8217;t do the brand any harm, it taught us some lessons. I think the main lesson was if you are going to take on a giant, make sure you are much better than them,&#8221; the billionaire added on the podcast published on Thursday. 
Why It Matters: Branson&#8217;s<a href="https://www.benzinga.com/news/24/06/39542884/virgin-group-co-founder-richard-branson-reveals-the-worst-career-advice-he-ever-received"> Virgin Group controls over 400 companies</a> in various fields including music, aircraft, and space travel. His popular companies include the Virgin Atlantic Airlines and space tourism company Virgin Galactic. 
However, a few of his business ventures have also failed including Virgin Cola and Virgin Cars. Branson&#8217;s rocket company Virgin Orbit<a href="https://www.benzinga.com/news/23/04/31648397/richard-bransons-space-dreams-crash-as-virgin-orbit-files-for-bankruptcy"> went bankrupt </a>last year despite going public in 2021 with a $4 billion valuation. 
According to Forbes, Branson has a net worth of $2.6 billion. 
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/general/entertainment/24/07/39870013/elon-musk-reacts-as-rapper-meek-mill-flexes-his-all-black-cybertruck-ahead-of-his-new-song-">Elon Musk Reacts As Rapper Meek Mill Flexes His All-Black Cybertruck Ahead Of His New Song Named After Tesla&#8217;s EV Truck</a></li>
</ul>
Image from Shutterstock

Billionaire Richard Branson Once Tried Taking On Coca-Cola, Which Turned Out To Be His 'Most Notable Failure:' He Says It Taught Him That People 'Quite Like The Underdog'

SpaceX CEO Elon Musk said on Friday that the <a href="https://www.benzinga.com/news/24/06/39516687/elon-musks-spacex-wins-843m-contract-for-historic-nasa-mission">deorbiting of the International Space Station (ISS) </a>and its subsequent burning up during re-entry into Earth&#8217;s atmosphere will be &#8220;a very dramatic event&#8221; with the sky over the Pacific showing streaks of light resembling shooting stars. 
What Happened: &#8220;This will be a very dramatic event. Sky full of shooting stars, albeit over an empty region of the Pacific (but we will still get great video),&#8221; Musk wrote on X about the ISS&#8217;s disposal scheduled for around 2030. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This will be a very dramatic event. Sky full of shooting stars, albeit over an empty region of the Pacific (but we will still get great video).
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1814337118887456926?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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NASA&nbsp;chose SpaceX&nbsp;to develop and deliver the U.S. Deorbit vehicle (USDV) to deorbit the space station and ensure a lack of risk to populated areas in late June. SpaceX will develop the deorbit spacecraft under the contract valued at $843 million and NASA will take ownership afterward and operate it through the mission.
The space agency said in a statement on Wednesday that the deorbit spacecraft would move the station out of orbit and into a remote area of an ocean at the end of its operations around 2030.
Both the spacecraft and the station are expected to break up through the process of re-entry into Earth's atmosphere. Any remnants will subsequently fall harmlessly into the ocean.
Talking about the hardships involved in the process, Musk said that it will be &#8220;harder than it may seem.&#8221;
&#8220;ISS has pretty low max thrust limits, as the solar arrays are very floppy, but requires a high total impulse to deorbit with precision,&#8221; the CEO said on Friday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is harder than it may seem. ISS has pretty low max thrust limits, as the solar arrays are very floppy, but requires a high total impulse to deorbit with precision.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1814366082385224060?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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Why It Matters: Which launch vehicle will launch the deorbiting spacecraft into space has not been ascertained to date.
However, the deorbiting vehicle will be launched about one and a half years before the final re-entry burn, ISS program manager&nbsp;Dana Weigel&nbsp;said in a media teleconference on Wednesday. The crew will stay on&nbsp;<a href="https://www.benzinga.com/news/24/02/36885276/starlab-to-launch-in-single-flight-before-iss-shutdown-thanks-to-spacexs-starship" target="_blank" rel="noreferrer noopener">board the station</a>&nbsp;until 6 months before the final re-entry, they added.
Once the ISS reaches an altitude of about 140 miles, the USDV will "perform a series of burns to set us up for that final deorbit, and then four days later it will do the final re-entry burn," Weigel said.
The spacecraft designed for the deorbiting of the space station will have six times more propellant and four times the power of its Dragon spacecraft, <a href="https://www.benzinga.com/news/24/07/39831791/spacex-unveils-iss-deorbit-vehicle-design-resembling-dragon-spacecraft-with-6x-more-propellant-and-4">SpaceX said </a>earlier this week. A conceptual image of the vehicle shared by the company also shows certain resemblances to SpaceX&#8217;s Dragon spacecraft. 
The ISS, which was launched in 1998, &nbsp;is operated by space agencies from the U.S., Europe, Japan, Canada, and Russia. All countries except Russia have committed to operating the station until 2030. Russia has only pledged to participate until 2028.
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>.
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<li><a href="https://www.benzinga.com/news/24/07/39857939/polaris-dawn-crew-including-shift4-ceo-jared-isaacman-don-spacex-spacesuits-designed-for-spacewalks">Polaris Dawn Crew Including Shift4 CEO Jared Isaacman Don SpaceX Spacesuits Designed For Spacewalks Ahead Of Mission: &#8216;Profound Feeling&#8217;</a></li>
</ul>
Image Via Dall-E 3

SPACE

SpaceX CEO Elon Musk Says Safe Destruction Of International Space Station Will Be A 'Very Dramatic Event:' 'Sky Full Of Shooting Stars'

Republican presidential nominee Donald Trump engaged in a phone call with Ukrainian President Volodymyr Zelenskyy, discussing potential peace plans amid the ongoing <a href="https://www.benzinga.com/topic/russia-ukraine-war">Russia-Ukraine conflict</a>.
What Happened: Trump and Zelenskyy deliberated on possible steps toward a peace deal. Trump commended Zelenskyy for initiating the conversation and reiterated his commitment to ending the violence between Russia and Ukraine.
"President Zelenskyy of Ukraine and I had a very good phone call earlier today."
On the matter of the ongoing Russia-Ukraine war, Trump said, "I appreciate President Zelenskyy for reaching out because I, as your next President of the United States, will bring peace to the world and end the war."
"Both sides will be able to come together and negotiate a deal that ends the violence and paves a path forward to prosperity."
Zelenskyy confirmed the discussion on social media platform X, formerly Twitter, expressing gratitude to the U.S. for its support in Ukraine&#8217;s resistance against Russian aggression. He also hinted at a potential in-person meeting with Trump to further discuss peace plans.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I spoke with <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> to congratulate him on the Republican nomination and condemn the shocking assassination attempt in Pennsylvania. I wished him strength and absolute safety in the future. I noted the vital bipartisan and bicameral American support for protecting our…
&mdash; Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) <a href="https://twitter.com/ZelenskyyUa/status/1814424885164421439?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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Given Ukraine&#8217;s heavy reliance on American military aid to combat the Russian invasion since 2022, this call is seen as a strategic move by Zelenskyy. He aims to maintain Trump&#8217;s support, especially if Trump defeats President Joe Biden in the upcoming November elections.
See Also: <a href="https://www.benzinga.com/news/24/07/39852186/marco-rubio-says-if-biden-drops-out-of-race-he-should-quit-as-president-as-well-theyve-got-to-remove?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marco Rubio Says If Biden Drops Out Of Race He Should Quit As President As Well</a>
Why It Matters: Zelenskyy has been <a href="https://www.benzinga.com/news/24/04/38194808/i-will-with-pleasure-listen-zelenskyy-leaves-door-open-to-trumps-vision-for-ukraine-russia-peace-set">vocal about his willingness</a> to consider Trump&#8217;s ideas for ending the war. In April, he stated that he would &#8220;with pleasure&#8221; consider Trump's suggestions for a peace deal between Ukraine and Russia involving territorial concessions.
Trump reportedly <a href="https://www.benzinga.com/news/24/06/39472302/trump-favors-advisors-plan-to-end-ukraine-russia-war-if-reelected-report">responded positively</a> to a strategy proposed by his advisors to conclude the conflict in Ukraine. The plan involves a conditional cessation of U.S. military aid, hinging on Trump's potential triumph in the upcoming presidential elections.
These developments come amidst NATO&#8217;s <a href="https://www.benzinga.com/news/24/07/39590765/nato-to-trump-proof-ukraine-aid-after-bidens-weak-debate-performance-with-40b-annual-financial-pledg">efforts to "Trump-proof"</a> Ukraine aid by establishing a $40 billion annual financial pledge of military support to Ukraine and creating a new post in Kyiv.
Read Next:
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<li><a href="https://www.benzinga.com/general/politics/24/07/39806561/did-trump-pick-the-right-running-mate-poll-finds-44-believe-j-d-vance-was-chosen-for-a-simple-re?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Did Trump Pick The Right Running Mate? Poll Finds 44% Believe J.D. Vance Was Chosen For A Simple Reason</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock

Global

Trump Boasts 'Very Good' Phone Call With Zelenskyy, Says Russia-Ukraine Will 'Come Together And Negotiate A Deal That Ends The Violence'

The stock market is on the brink of a historic sell-off, according to renowned black-swan investor Mark Spitznagel. He has issued a stark warning about the potential collapse of the &#8220;<a href="https://www.benzinga.com/markets/equities/24/06/39284305/stock-market-bubble-could-lead-to-monster-buying-opportunity-says-wall-street-veteran">greatest bubble</a> in human history.&#8221;
What Happened: Spitznagel, known for his successful bets on market-moving &#8220;black swan&#8221; events, in an <a href="https://www.wsj.com/finance/investing/greatest-bubble-nearing-its-peak-says-black-swan-manager-6f531740">interview</a> with the Wall Street Journal on Friday, reiterated his bearish outlook on the stock market. He compared the ongoing market rally to the dot-com bubble of the late 90s, which ended <a href="https://www.benzinga.com/general/23/02/30737519/hedge-funder-who-made-4-000-in-2020-crash-sends-dire-warning-again">in a significant crash in 2000.</a>
&#8220;You don&#8217;t feel like a fool for making a bearish argument.&#8221;
The current bubble&#8217;s burst could have more severe consequences due to the U.S. government&#8217;s $34 trillion debt, he said, comparing the current market situation to a &#8220;mega-tinderbox-time bomb.&#8221; This debt, he believes, would hinder the Federal Reserve&#8217;s ability to prevent a recession in time.
&#8220;I think we&#8217;re on the way to something really, really bad — but of course I&#8217;d say that.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/07/39807224/trump-told-robert-kennedy-jr-over-the-phone-that-the-bullet-felt-like-the-worlds-largest-mosquito?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Told Robert Kennedy Jr Over The Phone That The Bullet Felt Like &#8216;The World&#8217;s Largest Mosquito&#8217;</a>
Why It Matters: Spitznagel, whose Universa Investments <a href="https://www.benzinga.com/general/24/05/38961339/black-swan-fund-warns-not-to-be-excited-for-fed-rate-cuts-since-itll-be-when-the-greatest-credit-bub">fund profited heavily</a> from the 2008 market crash, the 2015 flash crash, and the onset of the COVID-19 pandemic, has been cautioning about a potential crash since January 2023. He now believes that the timeline for the impending crisis is clearer, and a recession could be looming by year-end.
Spitznagel&#8217;s warning adds to a growing chorus of voices predicting a market crash. In June, economist Harry Dent <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39257592/economist-warns-crash-of-a-lifetime-is-coming-predicts-s-p-500-to-plummet-86-from-t">predicted an &#8220;everything&#8221; bubble</a> that could surpass the severity of the Great Recession. Similarly, in July, economist John Higgins suggested that a <a href="https://www.benzinga.com/markets/equities/24/07/39748555/stock-market-bubble-burst-if-trump-wins-2024-election-says-top-economist-policies-would-jeopardi">Trump presidency could trigger an early burst</a> of the AI stock rally.
Despite these warnings, some experts see the potential market crash as a <a href="https://www.benzinga.com/markets/equities/24/06/39284305/stock-market-bubble-could-lead-to-monster-buying-opportunity-says-wall-street-veteran">buying opportunity</a>. Chief Investment Officer Richard Bernstein suggested that the most expensive stocks in the market are likely overvalued and could be heading for a correction, presenting a significant buying opportunity for other areas of the market.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39815808/elon-musk-claps-back-after-gavin-newsom-shares-donald-trumps-drop-to-your-knees-and-beg-post-abo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Claps Back After Gavin Newsom Shares Donald Trump&#8217;s &#8216;Drop To Your Knees And Beg&#8217; Post About Tesla CEO</a></li>
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This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

General

Black-Swan Investor Says 'Greatest Bubble In Human History' Is On The Verge Of Bursting, Calls Stocks 'Mega-Tinderbox-Time Bomb'

American rapper Meek Mill has seemingly joined the long list of celebrities to own a Cybertruck. But unlike the others on the list, the rapper also teased a song named after Tesla Inc&#8216;s stainless steel electric truck.
What Happened: Mill released a short snippet of a music video on Instagram last week. The video features two Cybertrucks parked facing each other and Mills confirmed that the song is titled&#8230;.&#8221;Cybertruck.&#8221; The video also features the Mercedes-Maybach S-Class and the Lamborghini Urus.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19223524/Screenshot-2024-07-20-at-8.05.00%E2%80%AFAM-1024x439.png" alt="" class="wp-image-446829" /><figcaption class="wp-element-caption">Credit: Instagram/MeekMill</figcaption></figure>
While it is unclear if either of the two Cybertruck in the music video belongs to Mill, the rapper seemingly owns a Cybertruck himself. New Jersey-based vehicle customizer Car Effex posted a video earlier this week of Mills driving away in a customized, matte black-wrapped Cybertruck. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cool
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1814367416324874612?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
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&#8220;Can I get a Tesla cyber truck?????,&#8221; Mill wrote on X in February. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Can I get a Tesla cyber truck?????
&mdash; MeekMill (@MeekMill) <a href="https://twitter.com/MeekMill/status/1754562884300947524?ref_src=twsrc%5Etfw">February 5, 2024</a></blockquote>
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In April, the rapper expressed frustration over the <a href="https://www.benzinga.com/government/24/04/38331377/tesla-recalls-over-3-800-cybertrucks-citing-unintended-acceleration-risk">recall of over 3,800 Cybertrucks</a> owing to concerns of unintentional acceleration and wrote, &#8220;Wassup with these cyber trucks because I had another brand electric car &#8216;not Tesla&#8217; do the same thing I crashed and got hurt bad&#8230;&#8221; The singer was driving a GMC Hummer EV.
&#8220;The airbags didn't even come out in a totaled car! Tesla has always been safe for me I tried some new shit and it almost killed me the first day!,&#8221; Mill added about the accident.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Wassup with these cyber trucks because I had another brand electric car "not Tesla "do the same thing I crashed and got hurt bad…. The air bags didn't even come out in a totaled car! Tesla has always been safe for me I tried some new shit and it almost killed me the first day!
&mdash; MeekMill (@MeekMill) <a href="https://twitter.com/MeekMill/status/1781363332278071607?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The accident did not seemingly deter the rapper from making another EV purchase. 
Why It Matters:&nbsp;The Cybertruck&#8217;s stainless steel body allows no exterior paint. However, customers can wrap the truck, either with wraps available at Tesla&#8217;s online shop, or more individualistic wraps from third-party customizers. The clear and paint films available on Tesla shop are priced between $5000-$6500.
Tesla started delivering the Cybertruck in November. Since then, several celebrities and popular names have taken delivery of it including&nbsp;Justin Bieber,&nbsp;Jay-Z&nbsp;and&nbsp;Beyonce,&nbsp;Serena Williams, and&nbsp;Lady Gaga.
The celebrity status of the Cybertruck is likely due to the vehicle&#8217;s unconventional design, high price point, and the few units available on the road. The vehicle pricing starts at $79,990 for the all-wheel drive version and $99,990 for the more premium Cyberbeast version. A lower-priced rear-wheel drive version of the truck will be&nbsp;<a href="https://www.benzinga.com/news/24/04/38130429/new-cybertruck-orders-will-only-be-delivered-in-2025-says-tesla-website" target="_blank" rel="noreferrer noopener">available in 2025</a>, as per the company website, starting at $60,990.
Tesla is currently scaling the production of the Cybertruck and aims to make 250,000 annually by 2025. The company has touched a weekly production rate of 1,300 Cybertrucks, Musk said at Tesla's annual shareholder meeting in June. The EV maker is looking to increase it further this year to touch 2,500 units by year-end,<a href="https://www.benzinga.com/news/24/06/39330272/tesla-ramping-up-cybertruck-production-to-touch-2-500-units-per-week-non-foundation-series-to-start" target="_blank" rel="noreferrer noopener">&nbsp;the CEO added</a>.
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>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39855931/elon-musk-says-tesla-will-deploy-fsd-in-cybertrucks-with-version-12-5-stays-mum-on-fresh-timeline-af">Elon Musk Says Tesla Will Deploy FSD In Cybertrucks With Version 12.5: Stays Mum On Fresh Timeline After Delay</a></li>
</ul>
Image Via Shutterstock

Entertainment

Elon Musk Reacts As Rapper Meek Mill Flexes His All-Black Cybertruck Ahead Of His New Song Named After Tesla's EV Truck

Meta Platforms Inc. CEO Mark Zuckerberg has applauded former President Donald Trump&#8216;s handling of a <a href="https://www.benzinga.com/news/24/07/39761846/trump-left-bloodied-after-shots-fired-at-pennsylvania-rally-evacuated-by-secret-service">recent assassination attempt</a>, terming it &#8220;bad&#x2A;&#x2A;s&#8221; in a recent interview.
What Happened: Zuckerberg did not endorse Trump or any other candidate for the forthcoming elections. In an <a href="https://www.bloomberg.com/news/articles/2024-07-19/mark-zuckerberg-calls-donald-trump-badass-without-endorsing-for-president">interview</a> with Bloomberg, he reiterated that Meta would persist in reducing political content in users&#8217; feeds, in response to users&#8217; preference for less of it.
Speaking on the attempt on Trump's life, Zuckerberg had a few words of praise for the former president, despite the latter's feelings towards the Meta CEO not being as warm.
"Seeing Donald Trump get up after getting shot in the face and pump his fist in the air with the American flag is one of the most bad&#x2A;&#x2A;s things I&#8217;ve ever seen in my life."
"As an American, it&#8217;s, like, hard to not get kind of emotional about that spirit and that fight, and I think that that&#8217;s why a lot of people like the guy."
See Also: <a href="https://www.benzinga.com/news/24/01/36710449/biden-mocks-trump-after-ex-president-mixes-up-nikki-haley-with-former-speaker-she-is-not-nancy-pelos?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Mocks Trump After Ex-President&#8217;s Campaign Rally Gaffe</a>
Zuckerberg&#8217;s remarks come at a time when the role of Big Tech in politics is under scrutiny. He reaffirmed Meta&#8217;s commitment to limiting political content on its platforms, including Facebook, Instagram, and Threads.
While Zuckerberg&#8217;s praise for Trump has attracted attention, his comments on Meta&#8217;s position on political content could have more profound implications for the company&#8217;s role in future elections.
Why It Matters: The relationship between Trump and Zuckerberg has been fraught with tension. The former president <a href="https://www.benzinga.com/news/24/07/39723781/trump-threatens-to-jail-metas-mark-zuckerberg-and-election-fraudsters-if-re-elected-dont-do-it-be-ca">had previously stated </a>on Truth Social that he would like to see Zuckerberg and other &#8220;election fraudsters&#8221; in prison if he were to be re-elected.
A few days later, Meta <a href="https://www.benzinga.com/news/24/07/39759624/meta-removes-heightened-penalties-on-donald-trumps-accounts-a-day-after-ex-president-threatens-to-pu">lifted the additional restrictions</a> previously imposed on Trump&#8217;s accounts.
Last year, Trump <a href="https://www.benzinga.com/news/22/09/28744962/trump-says-weirdo-mark-zuckerberg-came-to-white-house-for-dinner-with-him-last-week-1">referred to Zuckerberg</a> as a &#8220;weirdo&#8221; during a rally. He also <a href="https://www.benzinga.com/news/23/02/31063532/trump-lashes-out-after-report-of-zuckerberg-linked-groups-2m-donation-to-georgia-elections-board-why">called for Zuckerberg&#8217;s prosecution</a> following a report of links to the Georgia Election Board.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/01/36877020/robert-f-kennedy-jr-doesnt-want-to-be-trumps-vice-president-pick-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Robert F. Kennedy Jr. Doesn&#8217;t Want To Be Trump&#8217;s Vice President Pick, Here&#8217;s Why</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Flickr and Shutterstock

Mark Zuckerberg Calls Trump's Response To Assassination Attempt 'Bad**s' Days After Ex-President Threatened To Jail Meta CEO

Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) has outperformed the market over the past 5 years by 15.26% on an annualized basis producing an average annual return of 28.1%. Currently, Lattice Semiconductor has a market capitalization of $7.75 billion. 
Buying $100 In LSCC: If an investor had bought $100 of LSCC stock 5 years ago, it would be worth $343.28 today based on a price of $56.33 for LSCC at the time of writing.
<h3>Lattice Semiconductor's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721424625_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

LSCC

Here's How Much You Would Have Made Owning Lattice Semiconductor Stock In The Last 5 Years

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 10 years by 7.87% on an annualized basis producing an average annual return of 18.57%. Currently, Republic Servs has a market capitalization of $64.08 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 10 years ago, it would be worth $5,492.98 today based on a price of $203.46 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721424620_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,500 Today

Jefferies analyst Biren Amin downgrades Agenus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGEN#NASDAQ">AGEN</a>) from Buy to Hold and raises the price target from $3 to $7.

Downgrades

Price Target

Analyst Ratings

AGEN

Jefferies Downgrades Agenus to Hold, Raises Price Target to $7

13 analysts have expressed a variety of opinions on Floor &amp; Decor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $113.92, along with a high estimate of $127.00 and a low estimate of $100.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 4.8%. 
<img src="https://www.benzinga.com/files/images/story/2024/1721422881_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Floor &amp; Decor Hldgs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Zaccone</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$104.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Max Rakhlenko</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$100.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$115.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Justin Kleber</td>
<td>Baird</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$127.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$100.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$125.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$125.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Max Rakhlenko</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$115.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$115.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$125.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>David Bellinger</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Floor &amp; Decor Hldgs. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Floor &amp; Decor Hldgs compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Floor &amp; Decor Hldgs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Floor &amp; Decor Hldgs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FND/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Floor &amp; Decor Hldgs analyst ratings.</a>
<h2>About Floor &amp; Decor Hldgs</h2>
Floor &amp; Decor Holdings Inc operates as a specialty retailer in the hard surface flooring market. Its stores offer a range of tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories at everyday low prices. It appeals to a variety of customers including professional installers, commercial businesses, Do It Yourself (DIY) customers, and customers who buy the products for professional installation. Geographically, the group has a presence in the United States region and also offers its product through an e-commerce site.
<h3>Floor &amp; Decor Hldgs's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Floor &amp; Decor Hldgs faced challenges, resulting in a decline of approximately -2.21% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.56%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Floor &amp; Decor Hldgs's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.56%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Floor &amp; Decor Hldgs's ROA stands out, surpassing industry averages. With an impressive ROA of 1.07%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Floor &amp; Decor Hldgs's debt-to-equity ratio is below the industry average. With a ratio of 0.84, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Floor & Decor Hldgs: 13 Analysts Share Their Views

8 analysts have shared their evaluations of T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated T-Mobile US and provided 12-month price targets. The average target is $197.5, accompanied by a high estimate of $210.00 and a low estimate of $185.00. This current average reflects an increase of 5.78% from the previous average price target of $186.71. 
<img src="https://www.benzinga.com/files/images/story/2024/1721422874_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of T-Mobile US by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Rollins</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$210.00</td>
<td>$184.00</td>
</tr>
<tr>
<td>Bryan Kraft</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$200.00</td>
<td>-</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Matthew Harrigan</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Paul Gallant</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$202.00</td>
<td>$204.00</td>
</tr>
<tr>
<td>Kutgun Maral</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$188.00</td>
<td>$184.00</td>
</tr>
<tr>
<td>Brandon Nispel</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$175.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to T-Mobile US. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of T-Mobile US compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for T-Mobile US's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of T-Mobile US's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TMUS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on T-Mobile US analyst ratings.</a>
<h2>About T-Mobile US</h2>
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the us T-Mobile now serves 77 million postpaid and 21 million prepaid phone customers, equal to around 30% of the us retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves more than 5 million residential and business customers. In addition, T-Mobile provides wholesale services to resellers.
<h3>A Deep Dive into T-Mobile US's Financials</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: T-Mobile US's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -0.19%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 12.12%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): T-Mobile US's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.74% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): T-Mobile US's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.15% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.86.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TMUS

Breaking Down T-Mobile US: 8 Analysts Share Their Views

Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) has outperformed the market over the past 5 years by 19.11% on an annualized basis producing an average annual return of 31.96%. Currently, Steel Dynamics has a market capitalization of $20.18 billion. 
Buying $100 In STLD: If an investor had bought $100 of STLD stock 5 years ago, it would be worth $407.23 today based on a price of $128.44 for STLD at the time of writing.
<h3>Steel Dynamics's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721422820_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.

STLD

Here's How Much $100 Invested In Steel Dynamics 5 Years Ago Would Be Worth Today

Invitae reports Q4 results

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How To Pick Top Pharma Stocks: Novo Nordisk And More

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Press Releases

Invitae Publishes its Environmental, Social and Governance (ESG) Report

Labcorp Announces Winning Bid for Select Assets of Invitae

Invitae Receives Court Approval for Sale to Labcorp

New Research Demonstrates the Importance of Genetic Testing for Many Cancers Not Currently Covered by Clinical Guidelines

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Invitae

Acquisition advances Labcorp's specialty testing strategy in key areas&nbsp;such as oncology and rare diseasesKey milestone reached in Invitae's Chapter 11 processBURLINGTON, N.C. and SAN FRANCISCO, May 7, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4160920-1&amp;h=1415596713&amp;u=https%3A%2F%2Fwww.labcorp.com%2F&amp;a=Labcorp">Labcorp</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LH#NYSE">LH</a>), a global leader of innovative and comprehensive laboratory services, and Invitae (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NVTAQ#OTC">NVTAQ</a>), a leading medical genetics company,&nbsp; announced today that the United States Bankruptcy Court has approved the previously announced bid by Labcorp to acquire assets of Invitae."As a leading medical genetics company, Invitae has advanced genomics-based testing solutions across its network," said Mark Schroeder, Executive Vice President and President of Diagnostics Laboratories and Chief Operations Officer of Labcorp. "Invitae will complement our business and advance our leadership in genetic screening, diagnostics and specialty testing. This supports our goal to provide best-in-class resources and health insights for patients and physicians.""The Court's approval of our proposed sale to Labcorp is a positive step forward in our restructuring process," said Ken Knight, President and Chief Executive Officer of Invitae. "Looking ahead, I am confident that with this transaction, Labcorp will help ensure our industry-leading genetics platform is available to all who can benefit from it."&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The transaction is expected to bolster Labcorp's genetic specialty testing capabilities, especially in key health areas such as oncology and rare diseases, aimed at enhancing patient care and providing insights into their health with improved accessibility to genetic data. The transaction also strengthens Labcorp's ability to utilize genetic data to enhance and support clinical trials and treatment regimens.Pursuant to the asset purchase agreement, Labcorp will acquire select assets of Invitae on a going concern basis for $239 million in cash consideration, plus other non-cash consideration. Invitae and Labcorp anticipate the sale will be completed in the third quarter of 2024, subject to customary closing conditions and applicable regulatory approvals.

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Tuesday, May 07, 2024