Option chain shows key data for RFM's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for RFM.

RFM (OTC:RFMPF) Stock, Option Chain

RFM Corp is engaged in the food and beverage industry. Its activities include processing and manufacturing flour, bread, and flour-based products like pasta and cake mixes, sauces, milk, juice drinks, and ice cream. Its operating segment is the Institutional segment and the Consumer segment. It is also involved in non-food businesses, which include barging services (Rizal Lighterage Corporation) and leasing of commercial/office spaces. The majority of its revenue derives from the Consumer segment, which manufactures and sells ice cream, milk and juices, pasta products, and flour and rice-based mixes.

RFM Corp

The Company intends to use the net proceeds of the Offering for the construction of a high-tech manufacturing industrial park in the Nanjing Lishui High-tech Development Zone, PRC, for the establishment of its smart manufacturing and new energy R&amp;D center, for the purchase of business equipment and other patented technologies, to strengthen and expand our presence in the PRC Southwest oil and gas market, and to bolster its working capital.

News

IPOs

Reported Earlier, Leishen Energy Prices $5.5M Initial Public Offering Of 1.375M Common Shares At $4/Share

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly engaging in discussions with&nbsp;Tencent&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and TikTok&#8217;s parent company,&nbsp;ByteDance, to integrate their AI&nbsp;models into iPhones sold in&nbsp;China.
What Happened: The U.S. tech giant began incorporating OpenAI&#8217;s ChatGPT into its devices earlier this month. However, due to regulatory constraints in China, Apple is seeking local partners to enhance AI features on its devices. The&nbsp;discussions with Tencent and ByteDance&nbsp;are reportedly in preliminary stages, sources indicated, Reuters reported on Thursday.
Apple&#8217;s move comes&nbsp;as it faces declining market&nbsp;share in China, the world&#8217;s largest smartphone market.&nbsp;The absence of AI capabilities&nbsp;in its latest iPhones has been a significant drawback, especially with increasing competition from domestic brands like Huawei.
Apple, Tencent and ByteDance have yet to respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> queries.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/12/42525551/ahead-of-trumps-return-to-white-house-us-approves-406m-grant-for-taiwans-chipmaker-globalwafers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ahead Of Trump&#8217;s Return To White House, US Approves $406M Grant For Taiwan&#8217;s Chipmaker GlobalWafers</a>
Why It Matters: The potential collaboration with Tencent and ByteDance is critical for Apple as it navigates the competitive Chinese market. In recent months, Apple has faced challenges in China, including a <a href="https://www.benzinga.com/markets/equities/24/08/40125039/apple-cracks-down-on-tencent-and-bytedance-over-30-app-store-fees-threatens-to-reject-essential-">crackdown on app store fees</a>. In August, Apple intensified efforts to compel Tencent and ByteDance to close loopholes that allowed in-app creators to bypass Apple&#8217;s 30% commission. 
Moreover, Apple&#8217;s AI ambitions have been met with skepticism. In October, an analyst suggested that <a href="https://www.benzinga.com/news/24/10/41420086/apple-intelligences-meh-moment-ahead-analyst-predicts-5-months-of-build-up-could-lead-to-a-thats-it">Apple&#8217;s much-anticipated AI system,</a> Apple Intelligence, might not meet high expectations. This underscores the importance of Apple&#8217;s current talks with Chinese tech giants to bolster its AI capabilities.
In November,&nbsp;Tim Cook&nbsp;expressed optimism about Apple&#8217;s performance in China, <a href="https://www.benzinga.com/news/24/11/41677388/tim-cook-underscores-several-positive-signs-in-apples-china-performance-refrains-from-talking-about">highlighting positive signs</a> despite economic challenges. However, he refrained from commenting on the potential impact of economic stimulus. This context emphasizes the strategic importance of Apple&#8217;s AI integration efforts in maintaining its market position in China.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42499609/micron-gets-investment-from-white-house-china-launches-antitrust-investigation-on-nvidia-apple-faces-1-2-billion-lawsuit-in-california-more-consumer-tech-news-december-9-13?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Micron Gets Investment From White House, China Launches Antitrust Investigation On Nvidia, Apple Faces $1.2 Billion Lawsuit In California &amp; More: Consumer Tech News (December 9-13)</a></li>
</ul>
Disclaimer: 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.
Image via Shutterstock

General

AAPL

TCEHY

Apple Reportedly In Talks With Tencent, TikTok-Parent ByteDance To Roll Out AI Features In China

Reported Earlier, Marcus & Millichap's IPA Closes $203M Sale And Secures $127.8M Financing For Santa Clara Multifamily Property

- Agreement grants Astellas rights to employ Sangamo's novel proprietary capsid, STAC-BBB, for up to five potential neurological disease targets
- Sangamo to receive a $20 million upfront license fee and is eligible to earn up to $1.3 billion in additional licensed target fees and milestone payments across all five potential disease targets, as well as tiered royalties on potential net sales

SGMO

Sangamo Licenses STAC-BBB Technology To Astellas To Drive Genomic Medicine For Neurological Diseases

MAPS

Reported Earlier, WM Technology Receives Non-Binding Take-Private Proposal From Co-Founders

Macro Economic Events

Econ #s

Economics

Germany GfK Consumer Climate For January -21.3 Vs. -22.6 Est.; -23.1 (Revised) Prior

Valneva Expands Chikungunya Vaccine Access In Asia Through Partnership With Serum Institute

VALN

Valneva Expands Chikungunya Vaccine Access In Asia Through Partnership With Serum Institute

The U.S. Department of Justice filed a civil complaint against CVS Pharmacy Inc owned by CVS Health Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), alleging the nation&#8217;s largest pharmacy chain violated the Controlled Substances Act by filling unlawful prescriptions for dangerous opioid combinations and <a href="https://www.benzinga.com/24/12/42554729/pharmacy-benefit-managers-played-key-role-in-worsening-opioid-crisis-drug-makers-paid-staggering-rebates-to-the-middlemen">quantities from 2013 onwards</a>. 
The complaint also accuses CVS of violating the False Claims Act by seeking federal reimbursement for these prescriptions.
The legal action follows <a href="https://www.benzinga.com/news/24/01/36447365/consulting-firm-mckinsey-concludes-opioid-litigation-settlement-with-78m-agreement">McKinsey &amp; Company&#8217;s recent settlement</a> over its role in Purdue Pharma&#8216;s OxyContin sales. 
CVS strongly disputes the allegations, with spokesperson Amy Thibault emphasizing that all prescriptions were FDA-approved and written by government-licensed practitioners, according <a href="https://apnews.com/article/cvs-lawsuit-prescriptions-opioids-justice-department-b402388119be1a3213268a442acd67e6">to</a> the Associated Press. 
The company faces potential civil penalties for each unlawful prescription and additional damages for federally reimbursed prescriptions.
Price Action: CVS Health Corp&#8217;s stock closed at $45.28 on Wednesday, up 2.82% for the day. In after-hours trading, the stock gained an additional 0.24%. Year-to-date, the stock has declined 44.00%. 
CVS stock has traded within a 52-week range of $43.93 to $83.25 and currently has a price-to-earnings ratio of 11.50, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/24/12/42567329/bill-ackman-says-events-around-the-scuttled-spending-bill-provide-a-road-map-for-rapid-doge-progress">Bill Ackman Says Events Around The Scuttled Spending Bill Provide A Road Map For &#8216;Rapid DOGE Progress&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Health Care

Markets

Tech

CVS Faces DOJ Lawsuit Alleging Violations Of Controlled Substances Act And False Claims Act Over Opioid Prescriptions

OpenAI has unveiled a new feature that lets users call ChatGPT for free, offering a 15-minute call per month through the toll-free number 1-800-CHATGPT.
What Happened: The feature was announced by OpenAI&#8217;s chief product officer, Kevin Weil, during a livestream on Wednesday as part of the "12 Days of OpenAI" event.
The service is powered by OpenAI&#8217;s Realtime API and GPT-4o mini through WhatsApp API integration.
It is currently available to users in the U.S., while international users can access it via WhatsApp at 1-800-242-8478 — OpenAI has coded &#8220;CHATGPT&#8221; as 242-8478 on a phone keypad.
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/12/42509206/soundhound-ai-soars-over-700-short-squeeze-potential-has-traders-talking?itm_source=parsely-api">SoundHound AI Soars 700%: Short Squeeze Potential Has Traders Talking</a>
Users don't need to have an account, paid or otherwise, to avail the benefits of this service.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="1-800-CHAT-GPT—12 Days of OpenAI: Day 10" width="500" height="281" src="https://www.youtube.com/embed/LWa6OHeNK3s?start=383&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Interestingly, this move mirrors Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google&#8217;s 2007 launch of GOOG-411, a free voice directory service.
The toll-free service was discontinued in 2010. Google said it was more of a testing ground for the company&#8217;s broader voice recognition goals.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The ChatGPT-parent has emerged as a leading player in generative AI, with a valuation of $157 billion and significant investments, such as $14 billion from Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
As part of its "<a href="https://www.benzinga.com/tech/24/12/42523020/chatgpt-search-goes-free-openai-challenges-googles-unbroken-search-dominance">12 Days of OpenAI</a>" event, the AI startup also extended the ChatGPT Search engine to all users, including those on the free tier.
The Sam Altman-led company also debuted its text-to-image model, Sora, along with a <a href="https://www.benzinga.com/tech/24/12/42356469/openai-unveils-200-chatgpt-pro-subscription-inside-the-o1-reasoning-model-and-what-it-means-for-power-users">$200 monthly</a> ChatGPT Pro subscription.
OpenAI has also been battling with some legal troubles. Last week, the company countered Elon Musk&#8217;s legal attempts to <a href="https://www.benzinga.com/news/legal/24/12/42493076/openai-challenges-musks-lawsuit-reveals-2017-profit-talks">block its shift to a fully for-profit model</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42499609/micron-gets-investment-from-white-house-china-launches-antitrust-investigation-on-nvidia-apple-faces-1-2-billion-lawsuit-in-california-more-consumer-tech-news-december-9-13?itm_source=parsely-api">Micron Gets Investment From White House, China Launches Antitrust Investigation On Nvidia, Apple Faces $1.2 Billion Lawsuit In California &amp; More: Consumer Tech News</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

GOOG

GOOGL

MSFT

OpenAI Takes A Page From Google's 2007 Playbook, Turns Phones Into AI Hotlines With 1-800-CHATGPT

Reported Earlier, Montrose Environmental To Deploy PFAS Treatment System For Sydney Water's Cascade Filtration Plant

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has slammed Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) for its numerous requests to access iPhone-maker&#8217;s software tools, citing potential privacy and security risks.
What Happened: Under the EU&#8217;s Digital Markets Act, Apple is required to allow competitors and app developers to inter-operate with its services or face significant fines.
Meta has so far submitted 15 interoperability requests, more than any other company, seeking extensive access to Apple&#8217;s technology stack, reported Reuters, citing a report in which Cupertino complained about it.
The Tim Cook-led tech giant has expressed concerns that Meta&#8217;s requests could compromise user privacy and security.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42513402/apples-2025-bull-case-can-it-deliver-without-riding-the-ai-wave?itm_source=parsely-api">Apple&#8217;s 2025 Bull Case: Can It Deliver Without Riding The AI Wave?</a>
The company also suggested that the requests are unrelated to the use of Meta&#8217;s external devices like smart glasses and VR headsets.
Apple cited Meta's history of receiving fines in Europe as a reason for its concern.
In response, a Meta spokesperson accused Apple of using privacy as a pretext for anticompetitive behavior. &#8220;Every time Apple is called out for its anticompetitive behavior, they defend themselves on privacy grounds that have no basis in reality.&#8221;
Apple and Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Since 2014, Cook and Meta CEO Mark Zuckerberg have clashed over privacy, business models, and product strategies.
From Facebook&#8217;s Cambridge Analytica scandal to Apple's iOS privacy updates and competing VR headsets, their battle epitomizes the growing tensions between Silicon Valley&#8217;s biggest players.
This year in February, Apple launched its first-generation mixed-reality headset called Vision Pro, and Zuckerberg wasted no time in sharing his thoughts on the device.
&nbsp;&#8220;I don't think that Quest is the better value, I think [Meta&#8217;s] Quest is the better product, period,&#8221; he stated at the time.
In June, <a href="https://www.benzinga.com/news/24/06/39470144/apple-reportedly-said-no-to-metas-offer-for-iphone-ai-integration-due-to-privacy-policy-concerns">Apple reportedly declined Meta&#8217;s proposal</a> to integrate its AI chatbot, Llama, into the iPhone, citing privacy policy concerns. This report came just days after Apple announced a partnership with OpenAI.
In July, Meta CEO Mark Zuckerberg criticized Apple&#8217;s approach, describing it as &#8220;soul-crushing&#8221; and accusing the company of <a href="https://www.benzinga.com/news/24/07/39926076/mark-zuckerberg-slams-tim-cooks-apple-after-cupertino-reportedly-rejected-its-iphone-ai-partnership">trying to limit Meta&#8217;s</a> technological advancements.
Price Action: On Wednesday, Meta&#8217;s stock finished 3.59% lower at $597.19, while Apple saw a decline of 2.14%, ending at $248.05, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42525551/ahead-of-trumps-return-to-white-house-us-approves-406m-grant-for-taiwans-chipmaker-globalwafers?itm_source=parsely-api">Ahead Of Trump&#8217;s Return To White House, US Approves $406M Grant For Taiwan&#8217;s Chipmaker GlobalWafers</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Media

Apple Slams Meta's Interoperability Demands, Cites Privacy Risks — Instagram Parent Fires Back: Cupertino's Assertions Have 'No Basis In Reality'

Exodus Movement Inc. (NYSEAMERICAN: EXOD) commenced trading on the NYSE American exchange Wednesday, becoming the latest publicly traded company on Wall Street with cryptocurrency as the core business.
What happened: The shares of the self-custodial wallet provider closed 37% higher at $53.50 after getting listed on NYSE American, the sibling exchange to the New York Stock Exchange.
Owned by the New York Stock Exchange, NYSE American specializes in small- and mid-cap equities.
The company, which previously traded on over-the-counter markets, got approval to list its common stock last week.
See Also:<a 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"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42560698/microstrategys-aggressive-bitcoin-strategy-raises-eyebrows-in-crypto-community">MicroStrategy&#8217;s Aggressive Bitcoin Strategy Raises Eyebrows In Crypto Community</a>
Why It Matters: Founded in 2015, Exodus is one of the oldest providers of non-custodial cryptocurrency wallets, supporting top coins like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
With its debut, it joined the niche list of Wall Street companies that primarily deal in cryptocurrencies, <a href="https://www.benzinga.com/24/12/42545624/cathie-woods-ark-dumps-coinbase-stock-amid-bitcoin-highs-shopify-holdings-also-cut">including </a>Coinbase, the largest cryptocurrency exchange in the U.S., and <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42453467/japanese-crypto-behemoth-coincheck-enters-wall-street-with-nasdaq-listing">Japan&#8217;s cryptocurrency behemoth</a> Coincheck.
An exchange listing, especially in the U.S., exposes a company to a broader spectrum of institutional and retail investors, thereby increasing its liquidity and visibility.
Photo Courtesy: Maor_Winetrob On Shutterstock.com
Read Next:&nbsp;
<ul>
<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">Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy&#8217;s Michael Saylor: &#8216;BTC Doesn&#8217;t Generate Any Income&#8217;</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

EXOD

Crypto Wallet Provider Exodus Makes Wall Street Debut, Shares Pop 37%

BioArctic AB (publ) (Nasdaq Stockholm: BIOA B) today announced that it has entered into a global exclusive license agreement with Bristol Myers Squibb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) for BioArctic's PyroGlutamate-amyloid-beta (PyroGlu-Aβ) antibody program, including BAN1503 and BAN2803, whereof the latter includes BioArctic's BrainTransporter&#x2122;&nbsp;technology.&nbsp;As part of the agreement, BioArctic will receive a USD 100 million upfront payment and up to USD 1.25 billion in milestone payments. BioArctic is also entitled to tiered low double-digit royalties on global product sales.

BRCTF

BioArctic Partners With Bristol Myers Squibb In Licensing Deal For PyroGlutamate-Amyloid-Beta Antibody Program

&#x2A;– PADOVA study showed numerical delay in motor progression and positive trends on multiple secondary and exploratory endpoints –
– Prasinezumab continues to be well tolerated and no new safety signals were observed –
– Genentech is further evaluating the data and will work together with health authorities to determine next steps –

RHHBF

RHHBY

RHHVF

Genentech's Prasinezumab Phase IIb Study Misses Primary Endpoint But Shows Potential In Early Parkinson's Disease

Franco-Nevada Expands Portfolio With Sibanye-Stillwater's Western Limb Mining Operations In $500M Deal

KKR Backs Rebel Foods With Major Investment To Expand World-Class Cloud Kitchen Ecosystem

The U.S. Environmental Protection Agency (EPA) gave California the green light on Wednesday to ban the sale of new gasoline-powered light-duty vehicles by 2035.
What Happened: The agency granted a waiver to California under the Clean Air Act to implement its plan mandating that all new light-duty vehicles delivered in the state by 2035 be plug-in hybrids, battery electric, and hydrogen-powered vehicles. 
The EPA also granted a waiver for the state&#8217;s "Omnibus" low-NOx (nitrogen oxides) regulation aimed at reducing harmful emissions from heavy-duty trucks.
"California has longstanding authority to request waivers from EPA to protect its residents from dangerous air pollution coming from mobile sources like cars and trucks,"&nbsp;said EPA Administrator Michael S. Regan. "Today's actions follow through on EPA's commitment to partner with states to reduce emissions and act on the threat of climate change."
The EPA said in a statement that the opponents of the two waivers failed to show how either program is inconsistent with the Clean Air Act. 
Why It Matters: "Clean cars are here to stay. The Biden-Harris Administration reaffirmed what we've known for decades – California can rise to the challenge of protecting our people by cleaning our air and cutting pollution,&#8221; California Governor Gavin Newsom said.
&#8220;Naysayers like President-elect Trump would prefer to side with the oil industry over consumers and American automakers, but California will continue fostering new innovations in the market."
The California Governor, however, clarified in his statement that the rules are not aimed at gas vehicles already on the road but only attempt to regulate new cars. &#8220;We expect to see internal combustion engine vehicles on California roads past 2050&#8230;,&#8221; he said. 
Last month, Newsom also <a href="https://www.benzinga.com/tech/24/11/42183055/elon-musk-slams-californias-proposal-to-shut-tesla-evs-out-of-consumer-rebates-in-state-this-is-insane">outlined a new proposal</a> to offer incentives for EV buyers in California if Trump gets rid of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">federal $7,500 tax break</a> for EV buyers when he returns to the White House early next year.
Trump has previously said that he would repeal the approvals granted by the EPA to California for its <a href="https://www.benzinga.com/news/24/08/40092295/trump-opposes-widespread-electric-car-adoption-despite-elon-musks-endorsement-he-is-a-friend-of-mine">push towards electrification of transport.</a> 
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 Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/12/42546578/spacex-lost-ground-control-on-dragon-spacecraft-during-polaris-dawn-mission-due-to-power-outage-at-california-facility-report" target="_blank" rel="noreferrer noopener">SpaceX Lost Ground Control On Dragon Spacecraft During Polaris Dawn Mission Due To Power Outage At California Facility: Report</a></li>
</ul>
Photo courtesy: Unsplash

Government

Regulations

EPA Greenlights California's Plan To Ban Sale Of New Gas Cars By 2025

Popular dog-themed cryptocurrency Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) dumped hard Wednesday amid the broader market slump precipitated by the Federal Reserve's hawkish outlook.
What happened: The world's largest meme coin by market capitalization sank to a 5-week low of $0.34 during the evening before clawing back to $0.36.&nbsp;
DOGE lost over 6% in the last 24 hours, while its trading volume spiked 62% to $6.57 billion, making it one of the most transacted tokens on the day.
Well-known cryptocurrency analyst Kevin said that the move down was expected and it was "staring us all in the face."
<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">We predicted this move down on <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> perfectly. Honestly it was staring us all in the face and was easy to see. If your guru couldn&#39;t spot that one then you should question there talent level <a href="https://t.co/wm5tk3qC0L">https://t.co/wm5tk3qC0L</a>
&mdash; Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1869531384391553264?ref_src=twsrc%5Etfw">December 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Interestingly, a renowned early adopter of the cryptocurrency, Glauber Contessoto, aka the &#8216;Dogecoin Millionaire, &#8216;disclosed on X that he was also among the sellers. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sorry guys, I had to sell some <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://t.co/a7pro4wH5S">https://t.co/a7pro4wH5S</a>
&mdash; SlumDOGE Millionaire (@ProTheDoge) <a href="https://twitter.com/ProTheDoge/status/1869580784237171116?ref_src=twsrc%5Etfw">December 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a 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"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42560698/microstrategys-aggressive-bitcoin-strategy-raises-eyebrows-in-crypto-community">MicroStrategy&#8217;s Aggressive Bitcoin Strategy Raises Eyebrows In Crypto Community</a>
Why It Matters: DOGE's technical indicators painted a bearish outlook as of this writing, <a href="https://www.tradingview.com/symbols/DOGEUSDT/technicals/?exchange=BINANCE">according </a>to TradingView.
The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of price, flashed a "Sell" signal. Additionally, most shorter moving averages hinted that the price could fall further.
That said, the Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, showed a "Neutral" reading.
The derivatives market, on the other hand, sprang a surprise, as over 84% of the top trader accounts on Binance were long on DOGE as of this writing, <a href="https://www.coinglass.com/TopTrader/Binance">according </a>to Coinglass.
Price Action:&nbsp; At the time of writing, Dogecoin was exchanging hands at $0.3616, down 6.47% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
<ul>
<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">Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy&#8217;s Michael Saylor: &#8216;BTC Doesn&#8217;t Generate Any Income&#8217;</a></li>
</ul>

Movers

Trading Ideas

$DOGE

Dogecoin Bull Says He 'Had To Sell' As Meme King Plunges To 5-Week Low But Derivative Traders Remain Bullish

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Interest Rate Decision Unchanged At 0.25%

MacKenzie Scott, one of America&#8217;s wealthiest philanthropists, announced $2 billion in new charitable donations for 2024, while revealing a strategic shift toward mission-aligned <a href="https://www.benzinga.com/news/large-cap/24/11/42009316/jeff-bezos-ex-wife-mackenzie-scott-sells-more-amazon-shares">investments for her remaining fortune</a>. The latest round of giving brings her total donations since 2019 to $19.2 billion, according to her Wednesday blog post on Yield Giving.
What Happened: Scott, who received approximately 400 million Amazon.com Inc. shares in her 2019 divorce settlement from founder Jeff Bezos, has recently sold 11% of her Amazon holdings, valued at over $8 billion. Despite her aggressive giving strategy, Forbes estimates her current wealth at $31.7 billion.
In a notable departure from traditional portfolio management, Scott disclosed that she has directed her investment advisors to focus on &#8220;mission-aligned ventures&#8221; rather than conventional stock portfolios that &#8220;increase the wealth and influence of leaders who already have it.&#8221;
See Also: <a href="https://www.benzinga.com/24/12/42567329/bill-ackman-says-events-around-the-scuttled-spending-bill-provide-a-road-map-for-rapid-doge-progress">Bill Ackman Says Events Around The Scuttled Spending Bill Provide A Road Map For &#8216;Rapid DOGE Progress&#8217;</a>
Why It Matters: Scott&#8217;s 2024 grants have primarily targeted economic security and opportunity initiatives. Notable recipients include repeat grantees like CAMFED, supporting girls&#8217; education in Africa, and Undue Medical Debt (formerly RIP Medical Debt), marking a new pattern in her giving strategy.
Scott&#8217;s continued liquidation of Amazon shares and her shift toward mission-aligned investments could signal broader trends in wealth management among ultra-high-net-worth individuals. Had she retained all her original shares, Scott&#8217;s Amazon holdings alone would have made her an estimated worth of $88 billion.
Melinda French Gates, who maintains significant holdings in Microsoft Corp., has publicly supported Scott&#8217;s rapid-giving approach while criticizing other tech billionaires for not doing enough to <a href="https://www.benzinga.com/news/24/07/40013038/bill-gates-ex-wife-reveals-she-shares-jeff-bezos-ex-wife-mackenzie-scotts-parenting-style-she-was-tr">give back to society</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42567738/larry-ellison-and-steve-jobs-once-quietly-plotted-to-save-apple-and-reinstate-jobs-as-ceo-wasnt-worth-much-back-then-about-5-billion">Larry Ellison Once Considered Buying Apple In Order To Make Steve Jobs The CEO Again: &#8216;My Idea Was Simple…&#8217;</a></li>
</ul>
Image via IWEC Foundation
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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