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Desiree Venable, a Democrat running for a seat in the Texas House, turned in 600 signatures on Monday in support of decriminalizing marijuana in the town of Bastrop, which is about 30 miles outside of Austin.
&#8220;This petition is an example of true democracy and the power we have as community members to implement legislation that directly affects our wants and needs,&#8221; said Venable in a statement, <a href="https://www.kvue.com/article/news/politics/vote-texas/bastrop-marijuana-decriminalization-petition/269-47211bde-f353-4a8c-9522-74c040d247c8">reported</a> KVUE TV. &#8220;The criminalization of marijuana strips us of our individual freedoms and diminishes our opportunities to start a career or access higher education. The decriminalization of marijuana is a necessary step toward the broader criminal justice reform we so desperately need.&#8221;
Venable is supported by <a href="https://drupal-cloudfront.benzinga.com/topic/cannabis-texas">Ground Game Texas</a>, the statewide advocacy group that has led or supported at least 10 city-based marijuana campaigns across the state.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39670995/medical-marijuana-initiative-in-arkansas-gathers-more-than-enough-signatures-to-place-it-on-nov-">Medical Marijuana Initiative In Arkansas Gathers More Than Enough Signatures To Place It On Nov Ballot</a>
Catina Voellinger, executive director of Ground Game Texas said the &#8220;Bastrop Freedom Act&#8221; will &#8220;advance racial justice and prevent the waste of scarce public resources.&#8221;
The proposed amendment would direct local police to deprioritize arrests and citations for misdemeanor marijuana possession offenses, except in cases involving violent crime and major drug investigations.
<h2 class="wp-block-heading">Cannabis Decriminalization Efforts Spreading Across The State</h2>
This effort follows a similar move in Dallas, where activists <a href="https://www.benzinga.com/markets/cannabis/24/06/39466535/texas-cannabis-advocates-gather-50-000-signatures-to-place-marijuana-decriminalization-on-novemb">recently submitted nearly 50,000 signatures</a> to place decriminalization on the ballot.
Five other Texas cities &#8211; San Marcos, Killeen, Elgin, Denton and Austin &#8211; have all adopted voter-supported decriminalization policies in recent years, which irked Republican Attorney General<a href="https://www.benzinga.com/markets/cannabis/24/02/37018142/texas-city-slated-to-decriminalize-weed-despite-ag-paxtons-lawsuit-against-five-cities-over-amne" target="_blank" rel="noreferrer noopener"> Ken Paxton</a> so much that he <a href="https://www.benzinga.com/markets/cannabis/24/02/36942781/gop-attorney-general-battles-five-texas-cities-over-voter-approved-marijuana-laws-whats-next-for" target="_blank" rel="noreferrer noopener">filed lawsuits</a> against each one of them. In mid-June, a district court dismissed Paxton's case against Austin's voter-approved decriminalization measure that was approved in 2022 by nearly 80% of adults.
The movement however has encountered setbacks. In early May, voters in Lubbock <a href="https://www.benzinga.com/markets/cannabis/24/05/38646074/deterrence-or-free-will-this-texas-city-to-vote-against-weed-decriminalization-following-opposit">rejected a cannabis reform</a> initiative. Additionally, Gov. Greg Abbott (R) has criticized municipal cannabis reform efforts, saying that local entities lack the authority to override state law. He warned that allowing cities to choose their own laws would lead to chaos and an unworkable system, though he has said people should not be jailed for marijuana possession.
By comparison, AG Paxton has stuck with his combative stance, labeling advocates as &#8220;pro-crime extremists&#8221; and vowing to overrule what he described as &#8220;anarchy.&#8221;
Meanwhile, an April <a href="https://www.benzinga.com/markets/cannabis/24/05/39041635/73-of-texans-support-full-cannabis-legalization-or-decriminalization-including-plurality-of-repu">2024&nbsp;poll revealed</a> that the vast majority of Texans, including a plurality of Republicans, back legalization or&nbsp;decriminalization of cannabis.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39302347/texas-judge-dismisses-gop-attorney-general-ken-paxtons-lawsuit-against-voter-approved-cannabis-m">Texas Judge Dismisses GOP Attorney General Ken Paxton&#8217;s Lawsuit Against Voter-Approved Cannabis Measure, Upholds Austin&#8217;s Marijuana Decriminalization Law</a></li>
</ul>
Photo courtesy of Visit Bastrop

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Texas Town Joins Statewide Push To Decriminalize Cannabis With Successful Petition

Major U.S. indices had a mixed day on Monday. The Dow Jones Industrial Average dropped nearly 0.1% to 39,344.79, while the S&amp;P 500 increased by 0.1% to 5,572.85. The Nasdaq saw a rise of almost 0.3%, closing at 18,403.74. The Nasdaq rose almost 0.3% to 18,403.74. These are the top stocks that gained the attention of retail traders and investors throughout the day:
Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia Corp closed up 1.88% at $128.20, with an intraday high of $130.77 and low of $127.04. The 52-week high is $140.76 and the low is $39.23. The company&#8217;s stocks are <a href="https://www.benzinga.com/news/24/07/39669687/whats-going-on-with-nvidia-and-amd-stocks-on-monday">trading higher</a> due to the ongoing artificial intelligence frenzy. UBS analyst Timothy Arcuri maintained Nvidia with a Buy and raised the price target from $120 to $150. Analysts continue to express their bullishness on Nvidia, considering it a key AI beneficiary.
Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)
Intel Corp ended the day up 6.15% at $33.99, with an intraday high of $34.09 and low of $32.82. The 52-week high is $51.28 and the low is $29.73. The stock is trading higher after Intel decided to relocate a substantial investment project from Vietnam to Poland, citing insufficient investment incentives from the Vietnamese government. <a href="https://www.benzinga.com/news/24/07/39667470/whats-going-on-with-intel-stock-on-monday">The U.S. chipmaker had proposed a $3.3 billion project</a> and requested 15% "cash support" from the Vietnamese government.
Lucid Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39654067/gary-black-raises-tesla-price-target-as-ex-ford-ceo-notes-irony-of-auto-driven-stoc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Gary Black Raises Tesla Price Target As Ex-Ford CEO Notes Irony of Auto-Driven Stock Rally Amid Elon Musk</a>
Lucid Group closed up 7.85% at $3.16, with an intraday high of $3.2 and low of $2.94. The 52-week high is $8.37 and the low is $2.29. The company&#8217;s shares are trading higher after Lucid announced<a href="https://www.benzinga.com/news/24/07/39666697/lucid-stock-is-moving-higher-monday-whats-going-on"> production and delivery totals </a>for the quarter ended June 30. The company produced 2,110 vehicles and delivered 2,394 vehicles during the quarter.
Beam Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEEM#NASDAQ">BEEM</a>)
Beam Global closed up 18.00% at $6.49, with an intraday high of $6.59 and a low of $5.34. The 52-week high is $12.57 and the low is $4.3. The company&#8217;s shares are trading higher after Beam Global announced record<a href="https://www.benzinga.com/news/24/07/39675238/whats-going-on-with-beam-global-shares-monday"> second-quarter new orders </a>totaling $10.6 million, marking a substantial 128% year-over-year increase.
Tesla, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla closed up 0.56% at $252.94, with an intraday high of $259.44 and low of $244.57. The 52-week high is $299.29 and the low is $138.8. The rally in the company&#8217;s shares <a href="https://www.benzinga.com/markets/equities/24/07/39664913/tesla-rally-loses-steam-whats-going-on-with-ev-makers-stock-in-premarket-trading">lost some steam</a> on Monday, signaling the risk of the stock snapping an eight-session winning streak. The stock rally accelerated after the company announced that it sold more cars than expected.
Photo by Jirapong Manustrong on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next:
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<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39646821/how-to-earn-500-a-month-from-nvidia-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

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TSLA

Nvidia, Intel, Lucid Group, Beam Global, Tesla: Why These 5 Stocks Are On Investors' Radars Today

In Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) latest iOS 18 <a href="https://www.benzinga.com/news/24/06/39256556/apple-unveils-ios-18-with-satellite-messaging-home-screen-customization-privacy-improvements-and-mor">beta 3 update</a>,&nbsp;the tech giant has rolled out the &#8220;InSight&#8221; feature on Apple TV+ and dark mode icons.
What Happened: The InSight feature, akin to Amazon Prime Video&#8217;s X-Ray, is now accessible on&nbsp;the Apple TV app for&nbsp;users operating&nbsp;iOS 18 beta 3 and&nbsp;tvOS 18 beta 3. 
This feature offers details about actors, characters, and songs&nbsp;in an Apple TV+ movie&nbsp;or show and can be accessed&nbsp;on iPhone, iPad, and Apple&nbsp;TV, and also via the virtual Remote on iPhone, <a href="https://9to5mac.com/2024/07/08/apple-tv-insight-ios-18-tvos-18-beta/">reported</a> 9To5Mac.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/08213218/Screenshot-2024-07-09-at-7.02.08%E2%80%AFAM-1024x868.png" alt="" class="wp-image-425176" /></figure>
See Also: <a href="https://www.benzinga.com/news/24/07/39569675/palantirs-peter-thiel-says-its-very-strange-that-most-money-in-ai-is-being-made-by-only-one-company?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir&#8217;s Peter Thiel Says It&#8217;s &#8216;Very Strange&#8217; That Most Money In AI Is Being Made By Only One Company: &#8216;…Which Silicon Valley Doesn&#8217;t Even Know Much About Anymore&#8217;</a>
The iOS 18 beta 3 update also introduces dark mode to all icons.&nbsp;The automatic dark mode treatment&nbsp;works optimally on simple icons, while more intricate icons may&nbsp;end up with white or&nbsp;gray pixels at their edges, <a href="https://appleinsider.com/articles/24/07/08/ios-18-beta-3-brings-dark-mode-to-all-icons----kind-of">reported</a> AppleInsider.
Some&nbsp;apps could end up inverted,&nbsp;while icons&nbsp;that are already black are&nbsp;left undisturbed. For apps that&nbsp;use colorful images, they are either&nbsp;left alone or a dark&nbsp;filter is passed over them.
Apple is anticipated to launch&nbsp;iOS 18 shortly after the&nbsp;iPhone 16 <a href="https://www.benzinga.com/news/24/04/38086575/iphone-16-rumors-roundup-everything-we-know-about-apples-next-flagship">announcement in September</a>.&nbsp;A public beta of the operating systems is expected sometime&nbsp;in July.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Apple unveiled the&nbsp;<a href="https://www.benzinga.com/news/24/06/39256556/apple-unveils-ios-18-with-satellite-messaging-home-screen-customization-privacy-improvements-and-mor" target="_blank" rel="noreferrer noopener">highly anticipated iOS 18 update</a>&nbsp;at the Worldwide Developers Conference last month. The update included significant quality-of-life improvements, such as customization, smarter email organization, and a better messaging experience.
One of the major changes was the addition of options to customize icons depending on the wallpaper or the color of your choice, as well as the ability to place icons in any order in the grid. The lock screen also received more customization options, giving users more control over their phone&#8217;s appearance.
However, it was previously reported that many of the new features that Apple showcased have already been available on Android <a href="https://www.benzinga.com/news/24/06/39270576/from-home-screen-customization-to-call-recording-and-more-did-apple-take-inspiration-from-these-long">devices for a long time now</a>. For instance, travel and accommodation cards that Apple introduced at WWDC, were available in Google Now for years.
Photo courtesy: Shutterstock
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:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39656529/nvidias-dominance-ai-investments-and-a-predicted-market-crash-this-week-in-artificial-intelligence?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Dominance, AI Investments, And A Predicted Market Crash: This Week In Artificial Intelligence</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

Media

AAPL

From Apple TV+'s New Feature To Dark Mode Icons: Here's What's New In Latest iOS18 Beta

The cryptocurrency market rebounded from its earlier slump Monday, even as fears of the sale of seized Bitcoin by the German government loom large.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.35%</td>
<td>$56,494.81</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.36%</td>
<td>$3,021.03</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.71%</td>
<td>$0.1068</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin remained choppy throughout the day, dropping below $56,000 during early trading hours before recovering as the day progressed.
Ethereum also made an enthusiastic recovery since the morning drop, gaining more than 4% in the last 24 hours.
The bounce resulted in $356.37 million in liquidations in the last 24 hours, with $212 million in downside bets getting wiped out.
The Open Interest in Bitcoin futures rose marginally, by 0.81%, in the last 24 hours, signaling an influx of fresh money into the speculative market. Ethereum's Open Interest rose 3.32%, marking a bullish sentiment.
More than 50% of the market was bullish on Bitcoin's potential as of this writing, with 28% bearish, and 21% staying neutral.&nbsp;
Earlier in the day. German <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39670551/bitcoin-plunges-to-56k-as-german-government-continues-liquidating-its-holdings">authorities moved Bitcoins worth more than $600 million</a> to exchanges and market makers
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Celestia (TIA)</td>
<td>+16.78%</td>
<td>$6.01</td>
</tr>
<tr>
<td>Bonk (BONK)</td>
<td>+13.33%</td>
<td>$0.00002395</td>
</tr>
<tr>
<td>Notcoin (NOT)</td>
<td>+13.05%</td>
<td>$0.01619</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap stands at $2.08 trillion, following a 1.67% increase in the last 24 hours.
Stocks surged Monday, closing the trading session at record highs. The S&amp;P 500 lifted 0.1% to close at 5,572.85, while the tech-heavy Nasdaq Composite jumped 0.28% to end at 18,403.74. The Dow Jones Industrial Average, however, finished 0.08% lower at 39,344.79.&nbsp;
Key inflation data, such as the consumer price index for June, is set to be released Thursday, providing investors guidance on the probability of rate cuts by the Federal Reserve later this year. The producer price index data will be out Friday.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular on-chain analytics firm CryptoQuant stated that Bitcoin might be nearing its bottom, based on the inferences from the Spent Output Profit Ratio indicator.&nbsp;
The firm stated that the SOPR pattern was similar to September of last year, after which Bitcoin embarked on an uptrend. &nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> price is nearing the bottom "Short-term SOPR data indicates that the price is nearing the bottom. This pattern is very similar to the period in September last year." – By <a href="https://twitter.com/mignoletkr?ref_src=twsrc%5Etfw">@mignoletkr</a> Full post &#x1f447;<a href="https://t.co/RA9p3ecmP6">https://t.co/RA9p3ecmP6</a> <a href="https://t.co/igjp1eyywY">pic.twitter.com/igjp1eyywY</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1810322051884101654?ref_src=twsrc%5Etfw">July 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
A widely followed analyst on X, The Long Investor, stated that the ongoing retrace is healthy for the market.
"BTC went from $15,000 in November &#8217;22 to $73,700 in March &#8217;24, in a 16-month bull run and made a new ATH. When something runs 490%, please acknowledge that a pull back is healthy," the analyst argued.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> went from $15,000 in November &#39;22 to $73,700 in March &#39;24, in a 16 month bull run and made a new ATH. When something runs 490%, please acknowledge that a pull back is healthy. A 30% decline so far is not harsh or modest, it is very light.
&mdash; The Long Investor (@TheLongInvest) <a href="https://twitter.com/TheLongInvest/status/1810411843405406246?ref_src=twsrc%5Etfw">July 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Igor Faun on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39673235/what-technical-analysis-says-about-bitcoins-latest-dump">What Technical Analysis Says About Bitcoin&#8217;s Latest Dump</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Bitcoin, Ethereum, Dogecoin Shoot Up Amid German Government's Sell-Off Scare: Analyst Says 'King Crypto Is Nearing Its Bottom'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and the plaintiffs who successfully contested CEO Elon Musk&#8216;s massive compensation package recently clashed in court over a multibillion-dollar attorney fee.
What Happened: On Monday, Tesla asked a judge not to award billions of dollars in shares to the lawyers who challenged Musk's record pay package, portraying them as opportunists trying to benefit from the CEO's achievements, <a href="https://www.ft.com/content/ebf60c97-706a-474c-8596-5cde6a166e56">reported</a> the Financial Times.
The hearing, which took place in the Delaware Court of Chancery, saw Tesla&#8217;s counsel and the shareholder&#8217;s attorney exchanging sharp remarks.
John Reed, a partner at DLA Piper who represents Tesla, described the fee request as a &#8220;real-life lawyer joke.&#8221; An expert witness for Tesla labeled the fee request as an &#8220;unjustifiable windfall.&#8221;
The hearing was the first in-court meeting since a June vote in which 72% of Tesla&#8217;s shareholders, excluding Musk and his brother Kimbal Musk, overwhelmingly approved the same pay package terms that Chancellor Kathaleen McCormick had rejected in January. Tesla argued that this vote is grounds for McCormick to reverse her previous decision.
The court is expected to hear arguments later this summer on how the June &#8220;ratification&#8221; vote affects the January ruling. Observers anticipate that McCormick will decide on the fee and ratification consequences in a single ruling later this year.
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39655253/robert-f-kennedy-jr-stirs-controversy-by-promising-to-open-the-files-on-pivotal-moment-in-us-his?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Robert F. Kennedy Jr. Stirs Controversy By Promising To &#8216;Open The Files&#8217; On Pivotal Moment In US History</a>
Greg Varallo, the lead plaintiff's attorney from Bernstein Litowitz, criticized Musk&#8217;s attempts since the January ruling to reinstate the pay plan as a "clown show." Varallo also revealed that his client, Richard Tornetta, a shareholder with fewer than 200 shares, has received death threats from Tesla supporters.
Why It Matters: The legal battle over Musk&#8217;s pay package has been a contentious issue for Tesla. The package, initially worth about $56 billion, was canceled by the court in January. However, the value of Tesla shares has since risen, making the package worth over $75 billion. The lawyers representing the shareholders have requested 29 million shares, now valued at over $7 billion.
Despite strong backing from small investors, recent declines in sales and stock prices have led to notable opposition. The pay package faces <a href="https://drupal-cloudfront.benzinga.com/markets/equities/24/06/39327689/elon-musks-56b-pay-package-now-needs-green-signal-from-delaware-judge-who-earlier-voided-it-repo">months of litigation</a> before shares can be awarded to Musk, as reported in June. 
The legal battle over Musk&#8217;s pay package has been a contentious issue for some time. Back in June, Gary Black, Managing Partner at Future Fund, criticized Delaware judges for what he <a href="https://drupal-cloudfront.benzinga.com/news/24/06/39449373/tesla-bull-gary-black-slams-delaware-chancellors-judicial-activism-in-elon-musks-56b-pay-package-cas">termed &#8220;judicial activism</a>&#8221; in the case. He argued that the judges were overstepping their roles by attempting to override the law.
Price Action: Tesla Inc.&#8217;s stock closed at $252.94 on Monday, up 0.56% for the day. In after-hours trading, the stock dipped slightly to $252.71. Year to date, Tesla&#8217;s stock has increased by $4.52, representing a 1.82% gain, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39655239/trump-accuser-stormy-daniels-says-ex-presidents-supporters-have-flooded-her-with-threats-since-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Accuser Stormy Daniels Says Ex-President&#8217;s Supporters Have Flooded Her With Threats Since His Conviction: &#8216;I&#8217;ve Lost &#8230; Mostly My Peace&#8217;</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Elon Musk's Legal Foes Demand Billions In Fees, Call Tesla CEO's Attempts To Reinstate Pay Plan As 'Clown Show'

Rep. Marjorie Taylor Greene (R-Ga.), has criticized the Democratic Party for the perceived decline of America, highlighting issues such as Social Security, immigration, and potential tax increases.
What Happened: In a post, on X, on Monday, Greene accused the Democrats of mismanaging the country, stating that they are &#8220;robbing&#8221; Social Security to pay over half a million Ukrainians and using tax dollars to support millions of immigrants. She warned that if Democrats retain power in 2025, they will raise taxes.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They can ditch Biden or not, but ALL THE DEMOCRATS are to blame for the disastrous direction America is headed in. Under Democrats, your Social Security is being ROBBED to pay SS checks to 537,000+ Ukrainians. Your hard earned tax dollars are paying for MILLIONS of migrants who…
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1810295506561810891?ref_src=twsrc%5Etfw">July 8, 2024</a></blockquote>
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Greene&#8217;s tweet comes amidst internal debates within the Democratic Party regarding their 2024 presidential candidate. Despite calls from some Democrats for President Joe Biden to step aside following a disappointing debate performance, Biden has <a href="https://www.benzinga.com/general/politics/24/07/39669343/biden-firmly-committed-to-staying-in-presidential-election-race-the-best-person-to-beat-trump-in">reaffirmed his commitment</a> to the race.
Greene said on the issue, &#8220;Voting for the Democrat's mystery presidential candidate will be the nail in the coffin for all of us.&#8221;
The Georgia representative, who is a vociferous supporter of ex-President Donald Trump, also criticized the Democratic Party in a separate post, claiming their policies led to unaffordable housing for young adults and insufficient Social Security payments for seniors, stating, &#8220;Democrats are STEALING their hard earned money from SS and paying ILLEGAL migrants SS checks.&#8221; She argued that Democrats prioritized an &#8220;AMERICA LAST&#8221; agenda.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Democrat controlled America is a DISASTER. Young adults can't afford rent or buying a new home under crippling Democrat inflation. Most American seniors are only getting paid a measly $700 to $1,800 out of Social Security after paying in their whole lives and Democrats are…
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1810374179566301591?ref_src=twsrc%5Etfw">July 8, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39655239/trump-accuser-stormy-daniels-says-ex-presidents-supporters-have-flooded-her-with-threats-since-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Accuser Stormy Daniels Says Ex-President&#8217;s Supporters Have Flooded Her With Threats Since His Conviction: &#8216;I&#8217;ve Lost &#8230; Mostly My Peace&#8217;</a>
Why It Matters: Greene&#8217;s criticism of the Democrats reflects the ongoing political tension in the United States. Her comments on Social Security and immigration are likely to resonate with her conservative base, while her warning about potential tax increases under a Democratic administration may be aimed at swaying undecided voters.
Greene has previously questioned Biden&#8217;s <a href="https://www.benzinga.com/news/24/02/37030868/marjorie-taylor-greene-calls-biden-unfit-to-serve-as-president-suggests-25th-amendment-or-impeachmen">fitness to serve</a> as president. At the time, she <a href="https://www.benzinga.com/news/24/02/37030868/marjorie-taylor-greene-calls-biden-unfit-to-serve-as-president-suggests-25th-amendment-or-impeachmen">proposed the 25th Amendment</a> or impeachment as solutions.
Photo courtesy: Shutterstock
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<li><a href="https://www.benzinga.com/news/24/07/39664922/former-obama-strategist-predicts-landslide-defeat-for-biden-urges-for-enlightened-self-awareness-ami?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Obama Strategist Predicts &#8216;Landslide Defeat&#8217; For Biden, Urges For &#8216;Enlightened Self Awareness&#8217; Amid Increasing Doubts On President&#8217;s Ability To Serve Second Term</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Marjorie Taylor Greene Says Voting For 'Mystery Presidential Candidate' Put Up By Democrats Will Be The 'Last Nail In The Coffin For All Of Us'

In response to recent conjecture, the White House has confirmed that U.S. President Joe Biden is not undergoing treatment for Parkinson&#8217;s disease.
What Happened: The statement was made following a New York Times disclosure that a Parkinson&#8217;s specialist had been to the White House eight times from August to March. This report came in the wake of heightened concerns about the President&#8217;s health after his debate with Donald Trump on June 27, where Biden seemed weak and occasionally lost his train of thought, according to Reuters.
&#8220;Has the president been treated for Parkinson&#8217;s? No. Is he being treated for Parkinson&#8217;s? No, he&#8217;s not. Is he taking medication for Parkinson&#8217;s? No,&#8221; said White House press secretary Karine Jean-Pierre at a briefing.
Visitor logs showed that Dr. Kevin Cannard, a neurologist and movement disorders specialist from Walter Reed National Military Medical Center, had been to the White House several times. The New York Post first reported Cannard&#8217;s visits on July 6.
Despite the logs, Jean-Pierre did not confirm or provide details about Cannard&#8217;s visits, citing privacy and security reasons. She did state that Biden had consulted a neurologist three times in relation to his annual physical exam. Jean-Pierre suggested that Cannard&#8217;s presence at the White House could be related to treating military personnel working at the complex.
See Also: <a href="https://www.benzinga.com/news/24/07/39663070/lindsey-graham-says-both-trump-and-biden-should-undergo-neurological-and-physical-exams-amid-ageing?itm_source=parsely-api" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/news/24/07/39663070/lindsey-graham-says-both-trump-and-biden-should-undergo-neurological-and-physical-exams-amid-ageing?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lindsey Graham Says Both Trump And Biden Should Undergo Neurological And Physical Exams Amid Ageing Concerns: &#8216;Test The Line Of Succession&#8217;</a>
Why It Matters: The President&#8217;s health has been a topic of discussion for some time. Only last year, <a href="https://www.benzinga.com/news/23/02/30954552/bidens-physician-declares-him-fit-for-duty-and-vigorous">Biden&#8217;s physician declared him &#8216;fit for duty&#8217; and &#8216;vigorous&#8217;</a>, stating that he was a healthy 80-year-old male capable of executing the duties of the Presidency.
However, Biden&#8217;s performance at the first 2024 presidential debate against Donald Trump raised concerns, with <a href="https://www.benzinga.com/general/politics/24/07/39669343/biden-firmly-committed-to-staying-in-presidential-election-race-the-best-person-to-beat-trump-in">calls for him to step aside</a> as the Democratic nominee. Despite this, Biden expressed his commitment to stay in the race.
Following the debate, <a href="https://www.benzinga.com/news/24/07/39655273/biden-under-the-microscope-as-donors-business-leaders-step-up-call-for-him-to-end-race-unfortunately">calls for Biden to quit the race intensified</a>, with a letter from the &#8220;Leadership Now Project&#8221; urging him to withdraw for the sake of democracy and the nation&#8217;s future.
Image Via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

White House Denies Biden Undergoing Parkinson's Treatment: Press Secretary Says 'No' To President Taking Medication For The Condition

&#8220;Star Trek&#8221; fame actor George Takei has urged President Joe Biden to continue his campaign despite increasing calls for his withdrawal from the 2024 presidential race after a lackluster performance at the <a href="https://www.benzinga.com/news/24/06/39540268/trump-attacks-biden-defends-in-high-stakes-no-audience-debate-president-appears-to-freeze-and-fumble">first presidential debate</a>.
What Happened: On Monday, Takei posted on X, formerly Twitter, in support of Biden, saying, &#8220;Ignore them, Joe. Keep running. Keep governing. They're starting to sound like a pack of starving hyenas, and the voters can hear it clearly.&#8221; This comes in the wake of a series of events that have led to calls for Biden&#8217;s withdrawal from the 2024 presidential race.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ignore them, Joe. Keep running. Keep governing. They're starting to sound like a pack of starving hyenas, and the voters can hear it clearly.
&mdash; George Takei (@GeorgeTakei) <a href="https://twitter.com/GeorgeTakei/status/1810422709773295624?ref_src=twsrc%5Etfw">July 8, 2024</a></blockquote>
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Following a <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39625294/2024-election-betting-odds-react-to-biden-debate-disaster-trump-odds-hit-all-time-high-kam">disastrous performance</a> in the first 2024 presidential debate, there have been growing concerns about Biden&#8217;s age and health. This has led to increased volatility in the betting and prediction markets, with many calling for Biden to step down.
See Also: <a href="https://www.benzinga.com/news/24/07/39657594/biden-vs-trump-matchup-shows-president-now-trails-by-smallest-margin-in-key-swing-states-poll-finds?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Vs. Trump Matchup Shows President Now Trails By Smallest Margin In Key Swing States, Poll Finds Democrats Have Best Chance With This Candidate</a>
Why It Matters: Despite the criticism, Biden has <a href="https://www.benzinga.com/general/politics/24/07/39669343/biden-firmly-committed-to-staying-in-presidential-election-race-the-best-person-to-beat-trump-in">expressed his commitment</a> to staying in the race. In a letter to Democrats, Biden outlined his accomplishments and plans to defeat former President Donald Trump in the upcoming election. He has also <a href="https://www.benzinga.com/news/24/07/39653890/biden-dismisses-health-concerns-defends-poor-debate-performance-amid-calls-to-withdraw-from-2024-rac">dismissed health concerns</a> and defended his poor debate performance, attributing it to exhaustion and a cold.
Takei&#8217;s post is significant as it adds to the voices supporting Biden&#8217;s decision to stay in the race. It remains to be seen how this will impact the election and the public&#8217;s perception of Biden&#8217;s candidacy.
Photo Courtesy: Lev Radin On Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

'Ignore them, Joe. Keep running,' Says George Takei: 'They Sound Like A Pack Of Starving Hyenas'

In the wake of recent Russian missile strikes in Ukraine, President Joe Biden has voiced his condemnation and pledged unwavering support for the beleaguered nation. The strikes resulted in numerous civilian casualties and inflicted extensive damage on Kyiv&#8217;s largest children&#8217;s hospital.
What Happened: A statement from the White House on Monday noted that Russian missile strikes caused significant casualties and damage in Ukraine, including at Kyiv&#8217;s largest children&#8217;s hospital. President Biden termed these actions as a &#8220;horrific reminder of Russia&#8217;s brutality.&#8221;
Biden underscored the need for global unity with Ukraine against Russian aggression. He announced plans to host President Volodymyr Zelenskyy and NATO leaders in Washington D.C. later this week, where he will reassert the United States&#8217; unwavering support for Ukraine.
The President also disclosed that, in conjunction with allied nations, new measures will be unveiled to strengthen Ukraine&#8217;s air defenses. This initiative aims to better shield Ukrainian cities and civilians from future Russian strikes.
President Biden reasserted that the United States stands firmly with the people of Ukraine.
See Also: <a href="https://www.benzinga.com/news/24/07/39657200/ex-trump-staffer-shares-texts-to-prove-that-ex-presidents-campaign-settled-to-keep-discrimination-an?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-Trump Staffer Shares Texts To Prove That Ex-President&#8217;s Campaign Settled To Keep Discrimination And Se</a>
Why It Matters: The latest <a href="https://www.benzinga.com/news/24/07/39673768/russia-rains-missiles-on-ukraine-as-nato-readies-to-discuss-military-aid">missile strikes in Ukraine</a> mark a significant escalation in the ongoing conflict. Russia launched its largest missile attack on Ukraine in months, targeting a children&#8217;s hospital in Kyiv among other sites.
The attack, which involved more than 40 missiles aimed at at least five cities across Ukraine, resulted in at least 33 deaths and over 100 injuries, according to Ukrainian officials. 
The Okhmatdyt Children&#8217;s Hospital in Kyiv was heavily damaged, with at least two fatalities reported. Rescue workers continued to search for survivors in the rubble into Monday afternoon. This escalation underscores the urgency of the planned discussions in Washington D.C. and the need for increased support for Ukraine&#8217;s defenses.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Biden Slams Russian Missile Strikes On Ukraine's Largest Children's Hospital: 'Horrific Reminder Of Russia's Brutality'

IONM

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

Bronny James, son of NBA legend LeBron James, is one of the most talked about NBA <a href="https://www.benzinga.com/general/sports-betting/24/05/39092974/lebron-james-bronny-james-to-play-together-in-nba-betting-odds-on-free-agency-nba-draft-lo">rookies in years.</a>
After being drafted 55th overall by the Los Angeles Lakers, James is not a favorite to win the 2025 NBA Rookie of the Year, but bettors are still backing him.
What Happened: Bettors placed wagers on James making his mark at <a href="https://www.benzinga.com/general/sports-betting/24/06/39513625/2024-nba-draft-no-clear-no-1-favorite-bronny-james-shakes-up-odds-people-are-always-intrig">the 2024 NBA Draft</a> as one of the most bet on players to be taken first overall.
In 25 games at the University of Southern California (USC), Bronny averaged 19.4 minutes, 4.8 points, 2.1 assists and 2.8 rebounds per contest.
Despite the college statistics that don't scream first-round pick, some believed teams other than the Los Angeles Lakers would take a swing at the son of the legendary NBA player. While others recognized the Lakers, who were likely to re-sign father LeBron in free agency, would draft Bronny.
Ultimately, the Lakers took Bronny with the 55th overall draft pick in the second round of the 2024 NBA Draft. The team also re-signed LeBron to a two-year contract.
The current NBA Rookie of the Year betting odds from DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) show Bronny as the last available betting option at +25,000. This means a $100 bet on Bronny to win Rookie of the Year would pay out a profit of $25,000.
The current favorites at DraftKings, with their team and draft position in parentheses, are:
Alexandre Sarr (Washington Wizards, 2nd): +500
Zaccharie Risacher (Atlanta Hawks, 1st): +650
Stephon Castle (San Antonio Spurs, 4th): +800
Zach Edey (Memphis Grizzlies, 9th): +1,000
Reed Sheppard (Houston Rockets, 3rd): +1,000
Dalton Knecht (Los Angeles Lakers, 17th): +1,200
DraftKings also offers betting on several 2024-2025 season props on Bronny. These include items like Bronny scoring 15 points in any game (-110), scoring 20 points in any game (+800), scoring 25 points in any game (+1,800), having three three-points made in any game (+120), having 10 or more assists in a game (+3,000) and having a double-double in any game (+3,500).
One betting option that might not be available is a combo parlay of Bronny James winning Rookie of the Year and father LeBron winning NBA Most Valuable Player (MVP). LeBron, who is a four-time MVP winner, is listed with odds of +20,000 to win the 2025 NBA MVP.
While other players for MVP and Rookie of the Year could be parlayed on sportsbooks, an attempt to combine the two James wasn't allowed at several sportsbooks tested.
A comparable parlay would be James winning MVP and Tyler Kolek winning Rookie of the Year at +20,000. This parlay was listed with odds of +4,040,000 at FanDuel, meaning a $1 bet would pay out a profit of $40,400 and a $100 bet would pay out more than $4 million, which is likely why the bet is not allowed.
Early betting shows Bronny being backed <a href="https://www.foxsports.com/stories/nba/2024-2025-nba-odds-bronny-james-most-bet-rookie-year">heavily</a>. Despite having the worst odds for Rookie of the Year, he attracted 33% and the most bets for the award at BetMGM, a sportsbook from MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/07/39654951/nba-betting-odds-change-dramatically-after-free-agency-heres-the-publicly-traded-sports-te">NBA Betting Odds Change Dramatically After Free Agency — Here&#8217;s The Publicly Traded Sports Team For Investors To Watch</a>
What's Next: History isn't on Bronny's side as a second-round pick. Only three second-round picks have ever won the Rookie of the Year award with Malcolm Brogdon (36th overall pick) the last to accomplish the feat in 2017. The other two winners happened in the 1960s.
The last two winners of the award were first overall picks (Victor Wembanyama, Paolo Banchero) and only two of the winners since &#8217;87-&#8217;88 have been picked outside of the top 10.
While much has been made of potential nepotism of the Lakers drafting James and potential warnings to other teams that considered drafting him, the future NBA player will have to let his game do the talking to avoid being labeled an NBA draft bust.
In his NBA Summer League debut, Bronny scored four points, had two rebounds and two assists in 21 minutes of play. Bronny was two-of-nine in field goal shooting, including 0-3 on three-point shots. Bronny was also 0-2 in free throws in the contest.
The Lakers have lost both of its Summer League matches, with Bronny sitting out a second match due to knee swelling.
Lakers first-round draft pick Dalton Knecht had 12 points in each of the Lakers Summer League matches.
Read Next:
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Photo: Shutterstock

Sports Betting

Sports

DKNG

Bronny James To Win NBA Rookie Of The Year? Summer League Debut Not Scaring Away Bettors, Here's How Much They Could Win

U.S. consumers are certainly pulling out <a href="https://www.benzinga.com/insights/options/24/06/39555145/visas-options-a-look-at-what-the-big-money-is-thinking">their credit cards</a> to pay for goods and services, federal data has shown.
The total outstanding credit card balance rose $11.3 billion to nearly $5.07 trillion in May, beating April&#8217;s jump by $4.8 billion, according to<a href="https://www.federalreserve.gov/releases/g19/current/default.htm"> data</a> released by the Federal Reserve on Monday.
The median forecast in a Bloomberg survey of economists called for an $8.9 billion increase for May, which has not been adjusted for inflation.
Also Read: <a href="https://feeds2.benzinga.com/markets/equities/24/05/39092758/mastercard-looks-to-fight-cyber-threats-whats-going-on-with-credit-card-companys-shares-thursday">Mastercard Looks To Fight Cyber Threats: What&#8217;s Going On With Credit Card Company&#8217;s Shares Thursday?</a>
Revolving credit, which includes credit cards, spiked $7 billion in May to almost $1.35 trillion, the Fed data revealed. May&#8217;s increase in credit card debt reversed a $900 million decline in borrowings during the month of April.
Americans are putting more purchases on their credit cards after spending their COVID-19 pandemic savings and facing higher costs of living, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-08/us-consumer-borrowing-rises-most-in-three-months-on-credit-cards?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>.
The report also showed that credit card interest rates rose to 22.76% in May, up from 22.63% during the first quarter. The report did not show interest rates for March and April.
Price Action: Credit card issuers gave mixed reactions to Monday&#8217;s Fed report. Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) declined 1.46% to $266.40, while MasterCard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) fell 0.72% to $446.24.
JP MorganChase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) gained 0.22% on Monday to close at $205.17 as American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) slipped 0.47% to $234.51 and Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) picked up 1.09% to $64.74. Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) slid 0.14% to $135.81.
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Photo: Shutterstock

Federal Reserve

Personal Finance

Credit Card Debt Rises As Consumers Face Higher Costs Of Living

Meme stock and video game retailer GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is <a href="https://www.benzinga.com/general/gaming/24/05/38799011/gamestop-dives-into-collectibles-market-with-pok-mon-trading-cards">new to the trading card sector </a>and could make a big splash with a bounty offered for one of the rarest soccer cards in 2024.
What Happened: Argentina soccer star Lionel Messi made a splash when he joined Major League Soccer (MLS) club Inter Miami, a move that helped sportsbooks, MLS ticket sales and Apple-owned<a href="https://www.benzinga.com/general/sports-betting/24/01/36510276/the-messi-effect-sportsbook-says-betting-on-inter-miami-major-league-soccer-exponentially-"> streaming platform AppleTV+.</a>
GameStop could soon be added to the list of companies helped by Messi's popularity.
The global soccer superstar is currently taking part in <a href="https://www.benzinga.com/general/sports-betting/24/06/39417059/copa-am-rica-2024-how-to-watch-lionel-messi-team-usa-betting-odds-stocks-to-watch-during-s">the Copa America tournament</a> with top international teams from North America and South America. Argentina is one of the remaining four teams in the tournament and the betting favorite.
Trading card company Panini launched 2024 Copa America sticker boxes featuring collectible stickers of hundreds of players competing in the tournament.
This year's Copa America stickers include several color parallels including a one-of-one black sticker.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8;GameStop $25K bounty alert &#x1f6a8; Attention &#x26bd; fans, we&#39;re offering $25,000 for the 1/1 Lionel Messi Panini Copa America Black Sticker <a href="https://twitter.com/hashtag/ARG19?src=hash&amp;ref_src=twsrc%5Etfw">#ARG19</a>! We want it! Do you have it? Learn more on our blog: <a href="https://t.co/msYfl9sWdd">https://t.co/msYfl9sWdd</a><a href="https://twitter.com/hashtag/GameStop?src=hash&amp;ref_src=twsrc%5Etfw">#GameStop</a> <a href="https://twitter.com/hashtag/GameStopBounty?src=hash&amp;ref_src=twsrc%5Etfw">#GameStopBounty</a> <a href="https://twitter.com/hashtag/Messi?src=hash&amp;ref_src=twsrc%5Etfw">#Messi</a> <a href="https://twitter.com/hashtag/TradingCards?src=hash&amp;ref_src=twsrc%5Etfw">#TradingCards</a> <a href="https://t.co/zAPJFEzPv8">pic.twitter.com/zAPJFEzPv8</a>
&mdash; GameStop (@GameStop) <a href="https://twitter.com/GameStop/status/1809361664539537416?ref_src=twsrc%5Etfw">July 5, 2024</a></blockquote>
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GameStop is <a href="https://www.gamestop.com/blog?utm_campaign=brand&amp;utm_content={TIMESTAMP_EPOCH}&amp;utm_medium=social&amp;utm_source={SOCIAL_NETWORK}">offering </a>a $25,000 bounty for the lucky fan or collector who pulls the Lionel Messi one-of-one black parallel, if they choose to sell it to the retailer.
The sticker has to be a PSA 6 or above when graded to meet the bounty requirement and the bounty concludes at the end of 2024.
One interesting point on the bounty is the potential valuation. According to a report from collectibles site <a href="https://www.cllct.com/sports-collectibles/sports-cards/game-stop-issues-25-000-bounty-for-1-1-lionel-messi-panini-sticker">cllct</a>, a 2022 World Cup black border parallel one-of-one Messi sticker sold for $120,000 last year. This could suggest the $25,000 bounty offered by GameStop is below what the sticker could go for at auction.
Read Also: <a href="https://www.benzinga.com/general/sports/24/05/38974991/napkin-sells-for-1m-heres-how-lionel-messi-was-involved">Napkin Sells For $1M, Here&#8217;s How Lionel Messi Was Involved</a>
Why It's Important: For GameStop, the bounty could be the perfect way to advertise that the retailer is <a href="https://www.benzinga.com/general/gaming/24/05/38799011/gamestop-dives-into-collectibles-market-with-pok-mon-trading-cards">offering graded sports cards</a> for sale. The retailer also buys graded sports cards.
GameStop also buys and sells graded Pokemon trading cards as it looks to diversify from just offering physical video games and gaming accessories.
Bounties are growing in popularity in the trading card sector as top collectors and stores try to get their hands on the rarest new release cards.
<a href="https://www.benzinga.com/general/sports/23/12/36185659/this-tom-brady-baseball-card-is-worth-500k-inside-the-hunt-for-a-rare-collectible">Benzinga previously shared</a> that there is a $500,000 bounty on a Tom Brady baseball card from the 2023 Bowman Draft set. The card is numbered 12/50 and features the caption "if baseball doesn't work out, there's always football" handwritten by Brady on the card.
The card pays tribute to the NFL great being drafted by the Montreal Expos in the 1995 MLB Draft but choosing to pursue a professional football career instead.
A $200,000 bounty was offered for a one-of-one Babe Ruth card also. A rare Lord of the Rings Magic: The Gathering card generated bounties of $1 million to $2 million. The card was <a href="https://www.benzinga.com/general/entertainment/23/08/33526418/post-malone-buys-rarest-magic-the-gathering-lord-of-the-rings-card-heres-how-much-he-report">eventually pulled and was sold</a> to musician Post Malone.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/05/38952196/youtuber-lee-leonhart-steinfeld-tests-gamestops-pok-mon-card-trade-in-walks-away-with-157-for-328-">YouTuber Lee &#8216;Leonhart&#8217; Steinfeld Tests GameStop&#8217;s Pokémon Card Trade-In: Walks Away With $157 For $328 Haul</a></li>
</ul>

Photo: Messi, GameStop, Shutterstock

GameStop Offering $25K Bounty On Rare Lionel Messi Card: Video Game Retailer Deepens Trading Card Push

Veteran Wall Street investor Ed Yardeni downplayed the imminent recession risk but cautioned that the disappearance of bearish sentiment is a contrarian signal for <a href="https://www.benzinga.com/markets">the bull market&#8217;s sustainability.</a>
Yardeni emphasized that recent weak economic data has paradoxically boosted stock prices. This is because investors interpret bad economic news as increasing the likelihood of the Federal Reserve lowering interest rates soon. 
Yardeni stated, &#8220;Signs that the Fed might lower the federal funds rate soon have sent stocks soaring, even though those signs were weak economic data.&#8221;
Yardeni emphasized economic indicators, such as the Citigroup Economic Surprise Index, which dropped to -46.8 on Friday, signaled potential weakness. Although this level is above previous recession lows, it might be heading downward.
&#8220;We are not convinced that it is leading to a recession that the Fed would need to avert by lowering the federal funds rate,&#8221; the veteran investor stated.
Yardeni estimated a 25% chance of a rate cut in July and a 40% probability of a cut in either September or November. 
He noted that no matter whether President Donald Trump or President Joe Biden wins in the upcoming election, fiscal and trade policies are likely to be inflationary next year, with both candidates discussing tariff increases and Trump aiming to extend his 2017 tax cuts beyond their 2025 expiration.
Despite the S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), surpassing Yardeni&#8217;s year-end target of 5,400, Yardeni is not ready to revise his targets upward. &#8220;We aren't raising our year-end target for the S&amp;P 500 just yet,&#8221; he said, acknowledging the index&#8217;s outperformance. 
Yardeni is reconsidering his projections, wondering if his estimates of 6,000 by the end of 2025, 6,500 by the end of 2026, and 8,000 by the end of the decade might be too conservative.
<h1 class="wp-block-heading">Contrarian Signals And Market Sentiment</h1>
Yardeni observed that some long-time bearish investors missed the recent bull market, having remained bearish during the downturn from early 2022 through October 2022. Despite predictions of a recession, Yardeni suggested this time might differ because inflation has moderated significantly, enabling the Fed to lower interest rates to avoid a recession without needing to induce one to reduce inflation.
Yardeni also highlighted notable changes among investment strategists, such as the departure of JP Morgan&#8217;s Marco Kolanovic and Piper Sandler&#8217;s Michael Kantrowitz ceasing to publish year-end targets for the S&amp;P 500. 
Yardeni views these developments as potential bearish signals from a contrarian perspective. He stressed, &#8220;We need more bears to keep the bull market going.&#8221;
The Investor Intelligence Bull/Bear Ratio was at 3.73 during the week of July 2, with the percentage of bulls rising to 63.1% and bears falling to 16.9%, Yardeni noted.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39671742/bank-of-america-may-anticipate-rate-cut-call-if-june-inflation-report-is-another-co">Bank of America May Anticipate Rate Cut Call If June Inflation Report Is &#8216;Another Confidence Builder&#8217;</a></li>
</ul>
Photo: rzoze19 on Shutterstock

Analyst Color

Large Cap

Broad U.S. Equity ETFs

Econ #s

ETFs

Ed Yardeni Downplays Recession Fears But Warns, 'We Need More Bears To Keep The Bull Market Going'

DA Davidson analyst Linda Bolton Weiser maintains Helen Of Troy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) with a Buy and maintains $139 price target.

Price Target

Analyst Ratings

HELE

DA Davidson Maintains Buy on Helen Of Troy, Maintains $139 Price Target

This option exercise is based on an option and license agreement between Taiho and Arcus contracted in September 2017. This is the fourth option exercise by Taiho to an Arcus program.
In exchange for the exclusive license of quemliclustat, Taiho will make an option exercise payment, as well as additional payments upon achievement of clinical, regulatory and commercialization milestones, and, if any products from the program are approved, will pay royalties on net sales of such products.

RCUS

Arcus Biosciences Says Taiho Exercised Its Option For Quemliclustat In Japan And Certain Other Territories In Asia (Excluding Mainland China)

PEGY

Pineapple Energy Engages Conduit Capital To Provide Structural Internal Support, Staffing, And Assistance With Capital Raising Activities

CSX will release&nbsp;second quarter&nbsp;financial and operating results after the market close on Monday, August 5, 2024.
This release date reflects the Company&#39;s review of the capitalization of prior period engineering materials and labor.
The results of this review are not expected to impact free cash flow in past or future periods. Excluding the results of this review, the Company still expects to improve both operating income and operating margin on a sequential basis in the&nbsp;second quarter, and management will provide more details on the earnings call.

Guidance

CSX Reports Review Of Capitalization Of Prior Period Engineering Materials And Labor; Expects Results Of This Review Not To Impact Free Cash Flow In Past Or Future Periods

The 70-bed inpatient rehabilitation hospital, located at 1355 Independence Drive, was purchased by Encompass Health in 2013.

Piedmont, Encompass Health Expand Existing JV Arrangement To Include Walton Rehabilitation Hospital, In Augusta, Georgia

For consumers, one of the most important determining factors when it comes to buying a new vehicle is often price, which is a trend that is constantly monitored by the <a href="https://www.benzinga.com/electric-vehicles">electric vehicle sector.</a>
One state may have a solution for increased adoption.
What Happened: The state of Colorado is considered one of <a href="https://www.benzinga.com/news/23/08/33589652/tesla-vehicle-for-under-15-000-not-yet-but-this-state-has-incentives-to-get-the-price-under-20-000">the most friendly </a>when it comes to electric vehicle adoption and a new offer from a local car dealership could strengthen that point across America.
A Colorado Nissan dealer is offering a new leasing special offering the 2025 Nissan LEAF S for $19 per month. The offer is good for 24 months with $0 down and 10,000 miles annually.
The family-owned Tynan's Nissan Aurora is the dealership behind the special, as reported by <a href="https://electrek.co/2024/07/05/lease-2025-nissan-leaf-19-dollars-a-month/">Electrek</a>.
The dealership is <a href="https://www.tynansnissanaurora.com/new-specials/">offering </a>60 vehicles as part of the deal.
The $19 per month fee comes with a slight catch, depending on how a consumer makes their purchase. While no down payment is required, a consumer is responsible for a $695 acquisition fee and a $699 dealer handling fee. These fees, along with the first payment due at signing, can be rolled into the lease taking the monthly total up to $79 per month. This figure also doesn't include taxes.
Read Also: <a href="https://www.benzinga.com/news/24/05/39104987/americans-cling-to-gas-cars-over-evs-even-at-equal-prices-survey-reveals-whats-the-biggest-factor">Americans Cling To Gas Cars Over EVs Even At Equal Prices, Survey Reveals: What&#8217;s The Biggest Factor?</a>
Why It's Important: Colorado offers an $8,100 state EV tax credit, which is part of the lease offer, along with national credits and other state credits.
Benzinga previously shared that Colorado was offering incentives that took the starting price of a Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Model 3 RWD from $40,240 down to $13,740 or $19,240, depending on if all credits were stackable.
Colorado Gov. Jared Polis is pushing to have one million plug-in electric vehicles on Colorado roads by 2030. The governor wants to see electric vehicles consist of 25% of new car sales in the state by 2025, compared to 13% in mid-2023.
The 2025 Nissan LEAF S is one of several electric vehicles from Nissan, which is a unit of Renault ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RNLSY#OTC">RNLSY</a>), as the company works on delivering affordable EVs to consumers.
The vehicle has a starting price of $28,140 before credits, according to the company.
Tesla offers <a href="https://www.tesla.com/support/leasing-your-vehicle#credit">leasing </a>on several models with its Model 3 RWD offered for around $299 per month with $2,999 due at signing.
The electric vehicle giant also<a href="https://www.benzinga.com/news/24/05/38798863/tesla-defies-auto-industry-trends-with-0-99-apr-model-y-financing-offer"> offered a limited time </a>0.99% APR on the Tesla Model Y in the month of May.
New financing offers and lease specials combined with state and federal tax credits could make new electric vehicles more affordable for most consumers.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39595720/tesla-deliveries-fall-for-second-straight-quarter-but-stock-takes-off-as-q2-numbers-exceed-expec">Tesla Deliveries Fall For Second Straight Quarter, But Stock Takes Off As Q2 Numbers Exceed Expectations</a></li>
</ul>

Photo: 2025 Nissan LEAF, Courtesy Nissan