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Permex Petroleum (OTC:OILCF) Stock, Option Chain

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum U.S. Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

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Sen. <a href="https://www.benzinga.com/personal-finance/24/12/42494409/bernie-sanders-proposes-taxing-income-over-1-billion-at-100-and-urges-its-time-to-make-greedy-billionaires-pay-their-fair-share">Bernie Sanders</a> has sparked conversation on social media with a post tying universal health care to an idea floated by President-elect <a href="https://www.benzinga.com/markets/24/11/41869001/heres-how-trumps-policies-might-shape-the-markets-future">Donald Trump</a>. According to The Associated Press (AP), at a dinner with Canadian Prime Minister Justin Trudeau in November, Trump jokingly suggested that Canada become the 51st state of the United States of America.&nbsp;
In Sanders' post on X, he wrote: "Trump has suggested that Canada become the 51st state in our union. Does that mean we can adopt the Canadian health care system and guarantee health care to all, lower the cost of prescription drugs and spend 50% less per capita on health care? I&#8217;m all for it."
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Sanders, a longtime proponent of universal health care, has drawn attention to Canada's single-payer health care model. According to the Canadian Institute for Health Information (CIHI), in 2020, Canada&#8217;s per capita spending on health care was CA$7,507 (USD$5,220), less than half the United States per capita spending of CA$15,275 (USD$10,622). Sanders has frequently criticized the <a href="https://www.benzinga.com/personal-finance/24/12/42491306/is-u-s-health-insurance-failing-the-sickest-and-poorest-new-study-reveals-49-million-americans-lack-proper-health-coverage">U.S. health care system</a> for its high costs and gaps in access.
Trump's comment about Canada becoming the 51st state was made during a meeting with Trudeau at Mar-a-Lago in November. The meeting, which followed Trump&#8217;s threats to impose a 25% tariff on Canadian goods, came at Trudeau's request. According to AP, the meeting was overall positive and covered subjects including trade, border security, fentanyl, defense, Ukraine, NATO, China and pipelines.&nbsp;
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The notion of Canada becoming a U.S. state has been explored, typically as a thought experiment. Constitutional experts cited by the National Post highlighted the significant political, legal and cultural hurdles such a transition would face. Both nations must agree to monumental changes, including constitutional amendments in the U.S. and Canada relinquishing its sovereignty.
AP also pointed out that Canada is a vital economic partner to the U.S., with 77% of its exports going to American markets. Canada also supplies critical resources, such as energy and minerals, to the U.S., which would make any trade disruption mutually damaging.
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
While Trump's statehood comment may not have been serious, Sanders' response has reignited debates over health care in the U.S. Many Americans consider Canada's system a model for reducing costs and improving access. However, opponents argue that implementing such a system in the U.S. would be complicated and expensive.
Though the concept of Canada becoming the 51st state remains speculative at best, it has provided a platform for renewed discussion on trade, immigration and health care<a href="https://www.benzinga.com/government/regulations/24/11/41866438/donald-trumps-second-term-could-reshape-us-healthcare-system-with-major-impacts-on-affordable-care-act-and-medicare"> policy</a>. Whether prompted by Sanders&#8217; advocacy for universal health care or Trump's tariff threats, the conversation underscores the interconnectedness of U.S.-Canada relations.
Read Next:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
</ul>

Bernie Sanders Is 'All For' Canada Becoming The 51st State If The U.S. Will Also Adopt Universal Healthcare

News Corporation ("News Corp" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>, NWSA: ASX: NWS, NWSLV)) announced today that it has entered into a definitive agreement for the sale of Foxtel Group ("Foxtel") to DAZN Group Limited ("DAZN"), a premier global sports streaming platform.
Under the terms of the agreement, shareholder loans in the amount of A$578 million outstanding and owing to News Corp will be repaid in full in cash at closing. Foxtel's current debt will be refinanced at closing and transfer with Foxtel, and News Corp will hold a minority equity interest in DAZN of approximately 6% as well as one seat on its Board of Directors. Telstra Group Ltd ("Telstra") will also sell its minority interest in Foxtel, have its shareholder loans of A$128 million repaid, and take a minority stake in DAZN of approximately 3%. The proposed transaction values Foxtel at an enterprise value of A$3.4 billion, representing more than 7x fiscal 2024 Foxtel EBITDA.

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News Corp Announced Agreement To Sell Foxtel To DAZN For Enterprise Value Of A$3.4B

Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) ("FF", "Faraday Future", or "Company"), a California-based technology company specializing in artificial intelligence electric vehicles (AIEV), announced that it has secured approximately $30 million in cash financing commitments. The funds will be used to accelerate the Company's growth and the development of Faraday X (FX), FF's strategy of launching affordable high performance AIEV equipped vehicles with cutting edge technology, filling the U.S. market gap in this segment, and for general corporate purposes.
The $30 million financing commitment includes a pre-funded $7.5 million, which was received in the fourth quarter of this year, and $22.5 million in new cash commitments (the "Financing"), structured in the form of unsecured convertible notes ("Convertible Notes") and warrants to acquire additional shares of the Company's common stock ("Warrants"). The conversion price for the Convertible Notes and exercise price for the Warrants are $1.16 and $1.392 per share, respectively, subject to adjustment as set forth therein. The shares of common stock underlying the Convertible Notes and Warrants issued in the Financing are currently unregistered, subject to trading restrictions, and not immediately tradable. The Financing is subject to customary closing conditions. For additional information regarding the material terms relating to the Financing, please see the Company's Form 8-K to be filed with the SEC on December 23, 2024.

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Reid Hoffman, LinkedIn co-founder and major Democratic donor, has revealed he has faced violent threats and had to hire security following accusations fueled by Elon Musk. 
What Happened: The claims, made by Musk on social media platform X and during interviews, allege a connection between Hoffman and Jeffrey Epstein, the late convicted sex offender.
Hoffman <a href="https://www.thetimes.com/business-money/companies/article/linkedin-founder-reid-hoffman-ive-had-threats-of-violence-since-musk-slanders-nfclq2s0r">told</a> The Sunday Times that Musk&#8217;s comments stemmed from &#8220;convictions with no evidence.&#8221; Musk, the CEO of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), replied with the &#8220;100&#8221; emoji to an X post suggesting Hoffman had visited Epstein's private island.
Musk also implied during an interview with Tucker Carlson that Hoffman was one of the "billionaires behind Kamala" Harris, fearful of Epstein's client list being released.
"Elon's defamation makes me angry and sad," Hoffman said. "Angry because it is an ugly assault. Sad because it comes from someone whose entrepreneurial achievements I continue to admire." Hoffman declined to share details of the threats but confirmed he had hired security in response.
Also Read: <a href="https://www.benzinga.com/general/entertainment/22/06/27557540/musk-says-he-wants-to-see-epstein-maxwell-client-list-twitterati-cant-stop-trolling-him-3">Musk Asks Why Epstein-Maxwell Client List Hasn&#8217;t Leaked, Responds To Twitter User Who Suggested He Was A Client Himself</a>
Hoffman admitted to a past interaction with Epstein, apologizing in 2019 for inviting him to a 2015 dinner party with tech luminaries, including Musk, Mark Zuckerberg, and Peter Thiel. At the time, Hoffman said he relied on assurances from MIT Media Lab that Epstein's involvement in fundraising had been vetted. 
He later expressed regret, writing to Axios, "By agreeing to participate in any fundraising activity where Epstein was present, I helped to repair his reputation and perpetuate injustice. For this, I am deeply regretful."
Hoffman has denied attending any Epstein-related events, stating, "I went to no Epstein parties. I didn't even know who he was."
The controversy emerges as Musk strengthens ties with President elect Donald Trump, co-chairing DOGE alongside entrepreneur Vivek Ramaswamy. 
Hoffman, a vocal supporter of Vice President Kamala Harris, has used X to oppose Trump's political campaigns, describing them as a "scam."
Read Next
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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LinkedIn Cofounder Reid Hoffman Says Musk's Baseless Jeffrey Epstein Claims Forced Him To Hire Security: 'Elon's Defamation Makes Me Angry'

Chechen warlord Ramzan Kadyrov has accused Elon Musk of remotely disabling his Tesla Cybertruck, which Kadyrov claimed was a gift from Musk. The Chechen leader made the allegations in a Telegram post, criticizing <a href="https://www.benzinga.com/news/24/08/40504595/military-expert-calls-russian-president-allys-tesla-cybertruck-super-cool-but-useless-combat-vehicle">Musk's actions as "unmanly."</a>
What Happened: Kadyrov, who has governed Chechnya since 2007, claimed the modified Cybertruck, equipped with a machine gun, was intended for use in the war against Ukraine. "Elon Musk behaved badly. He gives expensive gifts from the heart, and then turns them off remotely," Kadyrov <a href="https://t.me/RKadyrov_95/5103">wrote</a>. He also noted in the post that he had to tow the vehicle after it was disabled. 
While Kadyrov asserted that Musk had personally gifted him the Cybertruck, Musk has categorically denied the claim. The mystery surrounding how Kadyrov obtained the vehicle is heightened by the fact that US sanctions prohibit direct export of the Cybertruck to Chechnya. 
Earlier in August, Kadyrov had publicly showcased the vehicle,<a href="https://www.benzinga.com/news/24/08/40432032/putin-ally-unveils-tesla-cybertruck-with-machine-gun-invites-musk-to-russia"> calling it a "Cyberbeast" and praising its technology</a>.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/02/37195508/putin-pal-elon-musk-fires-back-at-critics-accusing-him-of-supporting-russia" target="_blank" rel="noreferrer noopener">Putin Pal? Elon Musk Fires Back At Critics Accusing Him Of Supporting Russia</a>
Experts have voiced skepticism about the utility of the Cybertruck in combat scenarios. Mark Cancian, a senior advisor with the Center for Strategic and International Studies, said the vehicle would be "totally useless" on the battlefield due to its weight and charging requirements. 
Despite Kadyrov's assertions of the truck's combat readiness, analysts doubt its practicality in war zones.
This incident highlights broader concerns regarding Tesla's vehicle security and the potential misuse of its products in conflict areas. 
The ability to remotely disable vehicles could raise questions about the implications for international security and Tesla's reputation as a global brand.
Read Next
<a href="https://www.benzinga.com/news/24/08/40429944/elon-musks-controversial-civil-war-prophecy-is-europe-on-the-edge" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Controversial Civil War Prophecy: Is Europe On The Edge?</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Putin Ally Claims Elon Musk 'Remotely Disabled' His Militarized Cybertruck Armed With Machine Gun: 'He Gives Expensive Gifts From Heart, And Then Turns Them Off'

Jeff Bezos, billionaire founder of Amazon, is reportedly set to marry his fiancée, Lauren Sanchez, next Saturday in a $600 million Winter Wonderland-themed <a href="https://www.benzinga.com/news/24/01/36631415/this-amazon-applicants-interview-answer-earned-her-a-seat-3-feet-away-from-amazons-bezos">wedding in Aspen, Colorado</a>.
What Happened: According to a report, the lavish celebration follows a private engagement dinner at Matsuhisa, a high-end sushi restaurant the couple reportedly bought out for two days ahead of their nuptials.
The extravagant event is expected to feature festive decor, twinkling lights, and holiday charm. The guest list for the star-studded wedding is rumored to include high-profile names like Bill Gates, Leonardo DiCaprio and Queen Rania of Jordan, who joined the couple for their engagement celebrations in Positano, Italy, earlier this year.
As per the report <a href="https://www.dailymail.co.uk/news/article-14217859/Jeff-Bezos-Lauren-Sanchez-wedding-plan-Aspen-date-is.html">by</a> The Daily Mail, Bezos, 60, and Sanchez, 54, became engaged in May 2023 aboard Bezos' mega-yacht. The billionaire proposed with a cushion-cut pink diamond ring estimated to be worth $2.5 million.
While the pair have not publicly confirmed their wedding date, the report signals a high-profile event reflective of their luxurious lifestyle.
Also Read: <a href="https://www.benzinga.com/news/24/12/42380748/heres-how-jeff-bezos-three-simple-steps-made-amazon-a-giant">Here&#8217;s How Jeff Bezos&#8217; Three Simple Steps Made Amazon a Giant</a>
The couple first went public with their relationship in 2019, shortly after Bezos announced his divorce from MacKenzie Scott. 
Sanchez, a former broadcast journalist, shares three children from previous relationships, including two with Hollywood talent mogul Patrick Whitesell and one with former NFL player Tony Gonzalez. Bezos shares three children with his ex-wife Scott.
News of the wedding comes as Amazon workers continue to strike across four states, marking the third consecutive day of demonstrations. 
Employees are protesting workplace conditions, a move that adds an interesting juxtaposition to Bezos' high-profile personal milestone.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

Inside Jeff Bezos' $600M Wedding To Lauren Sánchez: Luxe Decor, Stars, And Romance

President-elect Donald Trump has intensified his legal assault on the media, filing multiple lawsuits seeking damages for what <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42571395/trumps-djt-connection-drives-this-lesser-known-crypto-stocks-nearly-3x-surge-in-a-month" target="_blank" rel="noreferrer noopener">he claims are false or misleading reports</a>.
Trump has also leveraged civil anti-fraud laws, aiming to circumvent the typically high legal barriers in defamation cases involving public figures, reports Reuters.
Legal experts believe this broad approach could serve to punish media outlets for critical coverage and force them to face financial consequences.
One of the most high-profile cases involves The Des Moines Register and pollster J. Ann Selzer, filed in Iowa state court.
See Also:<a target="_blank" href="https://www.benzinga.com/24/12/42519107/if-you-invested-1000-in-bitcoin-when-the-first-bitcoin-etf-was-filed-heres-how-much-youd-have-today" rel="noreferrer noopener">&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/12/42560698/microstrategys-aggressive-bitcoin-strategy-raises-eyebrows-in-crypto-community" rel="noreferrer noopener">MicroStrategy's Aggressive Bitcoin Strategy Raises Eyebrows In Crypto Community</a>
The lawsuit stems from a pre-election poll that showed Kamala Harris leading Trump by 3 percentage points in Iowa. Trump, who ultimately won the state by a wide margin, accuses the newspaper and Selzer of "brazen election interference," alleging they manipulated the poll and leaked it to Democratic operatives before publication.
While the Register acknowledged that the poll did not reflect the final election outcome, they stand by their reporting and consider the lawsuit without merit. Trump's legal team is seeking unspecified damages and demands an injunction to prevent deceptive practices related to the poll.
The lawsuit also targets Gannett, the parent company of The Des Moines Register, and accuses it of violating Iowa&#8217;s Consumer Fraud Act.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42545656/bitcoin-is-no-manhattan-real-estate-peter-schiff-challenges-microstrategys-micheal-saylor-btc-doesnt-generate-any-income" target="_blank" rel="noreferrer noopener">Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy's Michael Saylor: ‘BTC Doesn't Generate Any Income'</a></li>
</ul>

Equities

Politics

Trump Continues Court Battle With Media With Lawsuit Against Des Moines Register

Warren Buffett, the iconic investor and chairman of Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), is renowned for his timeless <a href="https://www.benzinga.com/news/24/08/40151169/how-a-holiday-meeting-sparked-a-billion-dollar-friendship-between-bill-gates-warren-buffett">advice on wealth-building</a>.
What Happened: With a net worth of approximately $142 billion, Buffett's strategies resonate deeply with those seeking financial success. Among his key pieces of advice: start investing early, focus on small companies, and don't panic when stocks fluctuate.
During the 1999 annual shareholders' meeting, Buffett <a href="https://buffett.cnbc.com/video/1999/05/03/buffetts-advice-on-making-big-money.html">shared</a> the approach he would take if he were a recent graduate starting out with $10,000 to invest.
Buffett emphasizes the power of compound interest, likening it to rolling a small snowball down a long hill. 
"The trick is to have a very long hill, which means either starting very young or living, to be very old," he said during the shareholders' meeting. Early investing, he argues, allows your money to grow exponentially over time.
For those with limited funds, Buffett recommends focusing on smaller companies, where there's less competition from institutional investors. 
He noted that investing in good businesses, or "buying pieces of them" through stocks at attractive prices, is the key to multiplying wealth. 
Buffett said that if he were starting with $10,000 today, he'd begin by researching companies alphabetically, starting with names that begin with "A."
Also Read: <a href="https://www.benzinga.com/news/24/08/40666605/warren-buffetts-career-advice-dont-think-about-money-take-the-job-that-you-would-take-if-you-didnt-n">Warren Buffett&#8217;s Career Advice: &#8216;Don&#8217;t Think About Money, Take The Job That You Would Take If You Didn&#8217;t Need The Job&#8217;</a>
Buffett also stresses the importance of long-term thinking. "Some people should not own stocks at all because they just get too upset with price fluctuations. If you're gonna do dumb things because your stock goes down, you shouldn't own a stock at all," he <a href="https://www.cnbc.com/2018/12/17/warren-buffett-tips-on-how-to-invest-in-the-stock-market.html">told</a> CNBC in 2018.
Stock prices will inevitably dip at times, but Buffett urges investors to remain patient and focus on the long-term value of their holdings. "Buy something you like, at a price you like, and then hold it for 20 years," he advised.
He further warns against obsessing over daily stock price fluctuations. Comparing stock ownership to real estate, he said, "If you bought a farm or an apartment house, you wouldn't get a quote on it every day or every week." Instead, Buffett recommends treating stocks as long-term investments, ignoring short-term market noise.
Buffett's principles—start early, think long-term, and invest in solid businesses—remain guiding lights for those looking to build lasting wealth.
Read Next
<a href="https://www.benzinga.com/news/23/03/31512478/warren-buffetts-success-mantra-the-amount-you-are-loved-is-the-ultimate-measure-of-success-in-life" target="_blank" rel="noreferrer noopener">Warren Buffett's Success Mantra: ‘The Amount You Are Loved Is The Ultimate Measure Of Success In Life'</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Success Stories

Warren Buffett's Timeless Advice: 'If You're Gonna Do Dumb Things Because Your Stock Goes Down, You Shouldn't Own A Stock At All'

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