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Sunac China Holdings Ltd

In recent news, Sen. Lindsey Graham (R-S.C.) reportedly made a failed attempt to convince former President Donald Trump to select Sen. Marco Rubio (R-Fla.) over Senator JD Vance as his vice-presidential candidate.
What Happened: Graham tried to sway Trump&#8217;s VP choice towards Rubio while on Trump&#8217;s plane heading to the Republican National Convention. Graham believed that Rubio would attract more votes in swing states, Business Insider<a href="https://www.businessinsider.in/politics/world/news/lindsey-graham-tried-to-stop-trump-from-choosing-jd-vance-as-his-vp-pick-report-says/articleshow/112115742.cms"> reported</a> on Tuesday.
Among those trying to dissuade Trump from choosing Vance were senators, donors, conservative media personalities, and other supporters. This comes amid Vance&#8217;s early campaign challenges, including defending remarks he made in 2021 criticizing &#8220;childless cat ladies.&#8221;
Despite these efforts, Trump&#8217;s spokesperson, Steven Cheung, confirmed that the former president is &#8220;thrilled with the choice he made with Senator Vance to be his running mate.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/07/40001605/anthony-scaramucci-says-donald-trumps-verbal-sparring-with-kamala-harris-a-mistake-adds-vice-preside?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Donald Trump&#8217;s Verbal Sparring With Kamala Harris A Mistake, Adds Vice President Can &#8216;Shock The World&#8217; In Terms Of Skillset And Capability</a>
Why It Matters: The disagreement between Graham and Vance, particularly over Ukraine aid, highlights the different factions within the GOP. Graham, a traditional GOP defense hawk, has strongly advocated for more weapons for Ukraine, while Vance has opposed the aid in the Senate.
Vance&#8217;s campaign has been described as <a href="https://www.benzinga.com/news/24/07/40026875/trump-vp-pick-jd-vance-blasted-by-fellow-ohio-rep-landsman-one-of-the-cruelest-most-chaotic-and-down">&#8220;cruel and chaotic&#8221;</a> by fellow Ohio Rep. Greg Landsman (R-Ohio). Speculation about <a href="https://www.benzinga.com/news/24/07/39979544/can-trump-replace-jd-vance-amid-kamala-harris-picking-pace-experts-warn-that-could-be-extraordinaril">Vance being replaced</a> due to underwhelming polling and the growing momentum of Vice President Kamala Harris has been circulating. 
<a href="https://www.benzinga.com/news/24/07/40002746/secret-texts-reveal-republican-vp-candidate-jd-vances-past-views-on-trump-police-and-gop-called-ex-p">Text messages revealing </a>Vance&#8217;s past criticisms of Trump, the police, and the GOP have also surfaced, adding to the controversy.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40003111/potential-kamala-harris-vp-pick-pete-buttigieg-says-voters-are-worried-about-age-and-acuity-of-presi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Potential Kamala Harris VP Pick Pete Buttigieg Says &#8216;Voters Are Worried About Age And Acuity Of President Trump&#8217;</a></li>
</ul>
Photo courtesy: 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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

News

Politics

General

Lindsey Graham Reportedly Tried To Persuade Trump To Not Pick JD Vance As His Running Mate: GOP Senator Wanted This Candidate As Ex-President's VP Pick

Better Choice Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTTR#NYSE">BTTR</a>) (the &quot;Company&quot; or (&quot;Better Choice&quot;), a pet health and wellness company, today announced the pricing of its underwritten public offering of an aggregate of 1,667,000 shares of its common stock (or pre-funded warrants (&quot;Pre-Funded Warrants&quot;) in lieu thereof). Each share of common stock (or Pre-Funded Warrant) is being sold at a public offering price of $3.00 per share (inclusive of the Pre-Funded Warrant exercise price). Total gross proceeds from the offering, before deducting underwriting discounts and offering expenses, are expected to be approximately $5 million. In addition, Better Choice has granted the underwriters a 45-day option to purchase up to an additional 100,000 shares of common stock and/or Pre-Funded Warrants at the public offering price less the underwriting discount.

BTTR

Reported Monday, Better Choice Company Prices $5M Public Offering Of 1,667,000 Common Shares At $3/Share

Hunterbrook is a known short-seller that has a vested interest in sensationalizing information to manipulate the stock market. The Securities and Exchange Commission has not communicated to NuScale that it is the target of a current or prospective investigation, and the Company is unaware of any reason for such an investigation.

Reported Late Monday, NuScale Power Issues Statement Responding To Short-Seller Report, Denies SEC Investigation Claims

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4220446-1&amp;h=467918313&amp;u=https%3A%2F%2Fclarivate.com%2F&amp;a=Clarivate+Plc" target="_blank">Clarivate Plc</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>) a leading global provider of transformative intelligence, today announced the launch of the new&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4220446-1&amp;h=1030556884&amp;u=https%3A%2F%2Fclarivate.com%2Fproducts%2Fbiopharma%2Foff-x%2F%3Fcampaignname%3DPR_LeadGen_XBU_Global_2023%26campaignid%3D7014N000002NSTi%26utm_campaign%3DPR_LeadGen_XBU_Global_2023%26utm_source%3DPress_Release%26utm_medium%3DEarned_Press&amp;a=OFF-X%E2%84%A2" target="_blank">OFF-X&trade;</a>&nbsp;platform. The enhanced solution offers a seamless user experience and unique translational insights. It delivers crucial drug and target safety intelligence to proactively identify risks. Fully integrated with Cortellis Drug Discovery Intelligence&trade;, OFF-X&trade; provides a comprehensive, one-stop resource for safety information, streamlining processes and enhancing efficiency which ultimately delivers a competitive edge.
The new platform features an upgraded technology stack and enhanced functionality while retaining its core capabilities. These improvements include an&nbsp;80%&nbsp;reduction in loading times for targets, drugs, drug combinations and adverse events. The platform now offers faster search capabilities, a clearer visual design, full-screen visualization and additional analytic tools.

CLVT

Clarivate Launches OFF-X Platform to Enhance Drug Safety Intelligence

Global logistics leader, C.H. Robinson Worldwide, Inc. (&quot;C.H. Robinson&quot; or the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) announced today that it has made the strategic decision to sell its European Surface Transportation business (EST) to sennder Technologies GmbH, the leading digital road freight forwarder in Europe (&quot;sennder&quot;). This move is part of the Company&#39;s enterprise strategy to get fit, fast and focused and to drive focus on profitable growth in its four core modes &ndash; North American truckload and less-than-truckload and global ocean and air &ndash; as the engines to create the most value for its stakeholders.

Asset Sales

CHRW

C.H. Robinson Sells European Transport Business to Sennder Technologies, Financial Terms Undisclosed

Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.13 by 7.69 percent. This is a 2.19 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $2.63 billion which beat the analyst consensus estimate of $2.50 billion by 5.00 percent. This is a 2.14 percent increase over sales of $2.57 billion the same period last year.

Earnings

Reported Monday, Telefonica Brasil Q2 EPS $0.14 Beats $0.13 Estimate, Sales $2.63B Beat $2.50B Estimate

The net proceeds of the Private Placement will be used by the Company for working capital and general corporate purposes, including the repayment of indebtedness.
&nbsp;Pursuant to the Private Placement, the Company will issue 57,800,000 Ordinary Shares (the &quot;Placement Shares&quot;) at a purchase price of GBP &pound;0.1125 per Ordinary Share along with warrants to purchase up to 57,800,000 Ordinary Shares (the &quot;Warrants&quot;). The Warrants have an exercise price of GBP &pound;0.1125 per share and an exercise period of five years.

ARBK

Argo Blockchain Secures £6.5M From Institutional Investor Through Private Placement

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has unveiled the first set of features for its new artificial intelligence system, <a href="https://www.benzinga.com/topic/apple-intelligence">Apple Intelligence</a>, in the iOS 18.1 developer beta, ahead of its <a href="https://www.benzinga.com/news/earnings/24/07/40018739/apple-analyst-turns-focus-to-apple-intelligence-chinese-market-share-ahead-of-q3-earnings">upcoming Q3 earnings</a>.
What Happened: Apple has launched new betas of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1 for developers, showcasing the first Apple Intelligence features. The AI system was initially previewed in June at the Worldwide Developers Conference (WWDC.)
While the rollout has begun, not all Apple Intelligence features are currently available. It's also worth noting that these are developer beta releases and not public betas, so they are likely to be more unstable.
The iPhone-maker is using these developer betas to refine, debug, and polish the new Apple Intelligence features before launch. The features missing in the developer beta are expected to roll out later this year.
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.
Among the active features in the beta are Writing Tools for summaries and other features accessible via Apple Intelligence, a Reduce Interruptions Focus Mode that filters out non-essential notifications, and a phone call recording feature available in iOS 18.1.
Developers upgrading to iOS 18.1, iPadOS 18.1, or macOS Sequoia 15.1 will need to join the Apple Intelligence waitlist to ensure smooth downloads and prevent system overload. The waitlist operates on a per-account basis, allowing access on multiple devices after a single sign-up.
Apple Intelligence is currently only available in U.S. English and is not available to developers in the European Union or China. The AI system will <a href="https://www.benzinga.com/news/24/07/40003714/first-iphone-16-models-may-not-have-apple-intelligence-features-as-cupertino-delays-ai-integration-f">not be part of</a> the initial iOS 18 launch in September, but will be introduced in a separate iOS 18.1 update expected a few weeks after iOS 18 debuts.
See Also: <a href="https://www.benzinga.com/news/24/06/39267314/will-your-iphone-support-new-apple-intelligence-features-heres-what-you-need-to-know">Will Your iPhone Support New Apple Intelligence Features? Here&#8217;s What You Need To Know</a>
Why It Matters: Apple&#8217;s journey with AI has been a topic of interest for a while. In July, Apple was reported to be <a href="https://www.benzinga.com/news/24/07/39904665/apple-plans-a18-chip-integration-to-bring-ai-features-to-iphone-16-its-entry-level-variants-and-ipad">planning to integrate</a> its A18 chip into its upcoming entry-level iPhones and iPads to make them capable of running Apple Intelligence.
However, the upcoming iPhone 16 series <a href="https://www.benzinga.com/news/24/07/40003714/first-iphone-16-models-may-not-have-apple-intelligence-features-as-cupertino-delays-ai-integration-f">will not include</a> the new AI features on debut – Apple will instead add them via a software update weeks later.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/40027650/apples-ai-models-trained-on-googles-custom-chips-not-nvidias-report">Apple&#8217;s AI Models Trained On Google&#8217;s Custom Chips, Not Nvidia&#8217;s: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Apple

Tech

AAPL

Apple Rolls Out iOS 18.1 Developer Beta With Apple Intelligence, Ahead Of Q3 Earnings

TORONTO, ON / ACCESSWIRE / July 30, 2024 /&nbsp;TRU Precious Metals Corp. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/TRU#TSXV">TRU</a>)(OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/TRUIF#OTCQB">TRUIF</a>)(FSE:706) (&quot;&nbsp;TRU&nbsp;&quot; or the &quot;&nbsp;Company&nbsp;&quot;) is pleased to announce that it has signed a definitive earn-in agreement (the &quot;&nbsp;Option Agreement&nbsp;&quot;) with Eldorado Gold Corporation (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ELD#TSX">ELD</a>),(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) (&quot;&nbsp;Eldorado&nbsp;&quot;), effective July 29, 2024, pursuant to which Eldorado has been granted the exclusive option (the &quot;&nbsp;Option&nbsp;&quot;) to earn an&nbsp;80%&nbsp;ownership interest in TRU&#39;s Golden Rose Project (as defined below), strategically located along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone in Central Newfoundland (see Figure 1). All figures are in Canadian dollars, unless otherwise stated.

TRUIF

TSX:ELD

TSXV:TRU

TRU Precious Metals Signs Option Agreement With Eldorado Gold For Golden Rose Project, With 80% Ownership Option

2024 guidance&nbsp; 
bp continues to expect both reported and underlying upstream production&#x2A; to be slightly higher compared with 2023. Within this, bp continues to expect underlying production from oil production &amp; operations to be higher and production from gas &amp; low carbon energy to be lower.
In its customers business, bp continues to expect growth from convenience, including a full year contribution from TravelCenters of America; a stronger contribution from Castrol underpinned by volume growth in focus markets; and continued margin growth from bp pulse driven by higher energy sold. In addition, bp continues to expect fuels margins to remain sensitive to the cost of supply.
In&nbsp;products, bp continues to expect a lower level of industry refining margins relative to 2023, with realized margins impacted by narrower North American heavy crude oil differentials. bp now expects refinery turnaround activity to have a lower financial impact compared to 2023 reflecting the lower margin environment, with phasing of activity in 2024 heavily weighted towards the second half, with a higher impact in the fourth quarter.
bp continues to expect the other businesses &amp; corporate underlying annual charge to be around $1.0 billion for 2024. The charge may vary from quarter to quarter. &bull; bp continues to expect the depreciation, depletion and amortization to be slightly higher than 2023.
bp continues to expect the underlying ETR&#x2A; for 2024 to be around 40% but it is sensitive to the impact that volatility in the current price environment may have on the geographical mix of the group&rsquo;s profits and losses.
bp continues to expect capital expenditure&#x2A; for 2024 to be around $16 billion, and continues to expect the phasing to be split broadly evenly between the first half and the second half.
bp continues to expect divestment and other proceeds of $2-3 billion in 2024, weighted towards the second half. Having realized $18.9 billion of divestment and other proceeds since the second quarter of 2020, bp continues to expect to reach $25 billion of divestment and other proceeds between the second half of 2020 and 2025.
bp continues to expect Gulf of Mexico settlement payments for the year to be around $1.2 billion pre-tax including $1.1 billion pre-tax paid during the second quarter. bp expects to update on our medium-term plans at the same time as our full year results in February 2025.&nbsp;

Guidance

For Fiscal 2024 Continues To Expect Both Reported And Underlying Upstream Production To Be Slightly Higher Compared With 2023; Divestments And Other Proceeds Are Anticipated To Reach $2B-3B In H2

The U.S. debt reached a new record high and breached the $35 trillion mark, and economist Peter Schiff on Monday rued the political apathy <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37324835/ticking-time-bomb-over-85-of-americans-fear-national-debt-crisis-impact-on-their-fu">toward this ticking timebomb.</a>
What Happened: The U.S. national debt now stood at $35.01 trillion and has ballooned by over $7.2 trillion since President Joe Biden took office, said Schiff in a post on X, formerly Twitter. To put things in perspective and to emphasize the recent surge, the gold bull noted that it took 43 presidents, 215 years, to add the $7.2 trillion debt. Biden did it in just 3.5 years, he said.
The previous administration headed by former President Donald Trump did not do any worse, statistics shared by the economist showed. He noted that Trump added $7.8 trillion in debt during his term, a record debt pile for a single term. 
&#8220;Biden is on track to break the record,&#8221; Schiff said. 
<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">The U.S. <a href="https://twitter.com/hashtag/NationalDebt?src=hash&amp;ref_src=twsrc%5Etfw">#NationalDebt</a> just broke $35 trillion, up over $7.2 trillion since <a href="https://twitter.com/hashtag/Biden?src=hash&amp;ref_src=twsrc%5Etfw">#Biden</a> took office. It took 43 presidents 215 years to add the first $7.2 trillion. Biden did it in just 3.5 years. <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> added a single-term record $7.8 trilion. Biden is on track to break that record.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1817871910862008388?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption"> See Also: <a href="https://www.benzinga.com/money/best-inflation-stocks">Best Inflation Stocks</a> Why It&#8217;s Important: Commenting on the debt breaching the $35 trillion mark for the first time ever, House Budget Committee Chairman Jodey Arrington (R-Texas) said this equates to $104,497 per person, $266,275 per household and $483,889 per child. He quoted former President Ronald Reagan&#8217;s statement which said, &#8220;We don&#8217;t have a trillion-dollar debt because we haven&#8217;t taxed enough; we have a trillion-dollar debt because we spend too much.&#8221; The Republicans and the Democrats are at loggerheads over the means to steer the economy out of the fiscal mess, with the former clamoring for spending cuts, while the latter bet more on raising additional revenue sources through taxation of the rich, among other things. Another undesirable offshoot of the higher debt is the interest-rate burden the country is left to shoulder. Every day, the U.S. spends $2.4 billion on interest, <a href="https://www.pgpf.org/national-debt-clock">according</a> to the policy think tank Peter G. Peterson Foundation. &#8220;Rapidly growing interest payments are a burden that hinders our future economy,&#8221; it said.</figcaption></figure>
In an update to the budget and economic outlook in mid-June, the Congressional Budget Office said the federal <a href="https://www.benzinga.com/government/24/06/39400726/us-budget-crunch-cbo-warns-federal-interest-costs-now-higher-than-defense-spending-deficits-to-remai">budget deficit in fiscal year 2024</a> is estimated to be $1.9 trillion, equating to 7% of the GDP. The agency expects the larger deficits to push federal debt held by the public to 122% of GDP in 2034.
The iShares U.S. Treasury Bond ETF (CBOE: GOVT) ended Monday&#8217;s session up 0.13% at $22.84, according to Benzinga Pro data.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36464390/us-national-debt-soars-past-34-trillion-gold-bull-peter-schiff-has-just-one-questio">US National Debt Soars Past $34 Trillion: Gold Bull Peter Schiff Warns Of Crisis Before Year End, Analyst Raises Alarm Over Social Programs</a></li>
</ul>
Image via Shutterstock

Analyst Color

Government

GOVT

Biden On Track To Break Trump's Record, Says Peter Schiff, As US Debt Tops $35 Trillion And Counting

3Q 2024 guidance
<ul>
<li>Looking ahead, bp expects third quarter 2024 reported upstream&#x2A; production to be lower compared with second-quarter 2024, including in higher margin regions.</li>
<li>In its customers business, bp expects fuels margins to remain sensitive to movements in cost of supply, and seasonally higher volumes compared to the second quarter.</li>
<li>In products, bp expects realized refining margins to continue to be sensitive to relative movements in product cracks and North American heavy crude oil differentials. In addition bp expects a similar level of turnaround activity to the second quarter.</li>
<li>bp expects income taxes paid in the third quarter to be around $1 billion higher than the second quarter 2024 mainly due to the timing of instalment payments, which are typically higher in the third quarter each year.</li>
</ul>

BP Expects Lower Q3 Upstream Production Compared To Q2; Expects Fuel Margins To Remain Sensitive to Supply Costs And Higher Seasonal Volumes

bp today announced an interim dividend of 8.000 cents per ordinary share which is expected to be paid on 20 September 2024 to ordinary shareholders and American Depositary Share (ADS) holders on the register on 9 August 2024. The ex-dividend date will be 8 August 2024 for ordinary shareholders and 9 August 2024 for ADS holders. The corresponding amount in sterling is due to be announced on 3 September 2024, calculated based on the average of the market exchange rates over three dealing days between 28 August 2024 and 30 August 2024. Holders of ADSs are expected to receive $0.48 per ADS (less applicable fees). The board has decided not to offer a scrip dividend alternative in respect of the second quarter 2024 dividend.

Dividends

BP Announces Interim Dividend Increase Of 10% To 8.000 Cents Per Ordinary Share, Payable September 20, 2024; Holders Of ADSs Are Expected To Receive $0.48 Per ADS

Cryptocurrency-focused Fairshake is now the largest super political action committee in this year's presidential election, with a war chest now exceeding $202 million.
What Happened: Tom Dunleavy, a managing partner at cryptocurrency investment firm MV Global, revealed on X that the total funds raised by the pro-cryptocurrency super PAC has now surpassed both the biggest Republican and Democratic PACs, Make America Great Again Inc and Senate Majority PAC, respectively.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Crypto now has the number one Super PAC in the US with over $200m raised Fairshake (crypto) now surpasses both the biggest Republican and Democratic Super Pacs: Make America Great Again (Republican) and Senate Majority (Dem). Source: OpenSecrets dot org <a href="https://t.co/Poj8VWFYic">pic.twitter.com/Poj8VWFYic</a>
&mdash; Tom Dunleavy (@dunleavy89) <a href="https://twitter.com/dunleavy89/status/1817896423293100087?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Super PACs pool money from corporations, unions, and individuals but unlike traditional PACs, they are prohibited from donating money directly to political candidates.
Fairshake represents a coordinated effort to support and put political candidates in office who can further the interests of the cryptocurrency industry.
See Also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39359780/dogecoin-shiba-inu-floki-are-dino-coins-says-trader-he-likes-these-3-other-meme-coins-as-b?itm_source=parsely-api"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40027813/cynthia-lummis-push-for-bitcoin-strategic-reserve-ridiculed-by-economist-justin-wolfers-on">Cynthia Lummis&#8217; Push For Bitcoin Strategic Reserve Ridiculed By Economist Justin Wolfers: &#8216;One Of The Most Amazing Word Salads I&#8217;ve Ever Read&#8217;</a>
According to Open Secrets, the non-partisan super PAC has spent $14.42 million in this year's election cycle, with more than 90% of it spent against Democratic candidates.&nbsp;
Why It Matters: Fairshake's swelling arsenal highlights concerted efforts by big industry names to support pro-cryptocurrency candidates.&nbsp;
Cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and blockchain-based firm Ripple Labs have spearheaded the financial contribution, with both pouring $45 million into Fairshake.
The significance of these super PACs comes as cryptocurrency rises as a big political issue in the upcoming elections.&nbsp;
Republican candidate Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001426/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done">has pivoted to a pro-cryptocurrency stance</a>, vowing to make the U.S. the "crypto capital" of the world.&nbsp;
On the other hand, experts believe presidential hopeful Kamala Harris <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40028210/kamala-harris-participation-in-upcoming-major-crypto-conference-sought-by-democratic-donor">has a good opportunity to reset the Democratic Party&#8217;s attitude on the issue</a>, particularly after President Joe Biden&#8217;s exit.
Price Action: At the time of writing, Bitcoin, the market bellwether, was trading at $66,437.12, plunging 4.52% 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>. 
Photo by Avi Rozen on Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40027409/shiba-inu-burn-rates-shoots-up-4527-as-community-cheers-shibariums-6m-block-feat">Shiba Inu Burn Rates Shoots Up 4527% As Community Cheers Shibarium&#8217;s 6M Block Feat</a></li>
</ul>

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

Cryptocurrency

Markets

COIN

Crypto-Focused Fairshake Becomes Biggest Super PAC With Over $200M In Donations, Spends 90% Of The Funds Against Democrats

BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of $0.92 by 8.7 percent. This is a 12.36 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $47.299 billion which missed the analyst consensus estimate of $52.925 billion by 10.63 percent. This is a 2.56 percent decrease over sales of $48.540 billion the same period last year.

Earnings Beats

Earnings Misses

BP Q2 2024 Adj. EPS $1.00 Beats $0.92 Estimate, Sales $47.299B Miss $52.925B Estimate

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Monday denied any future possibility of the company making a <a href="https://www.benzinga.com/news/21/06/21524034/tesla-begins-deliveries-of-model-s-plaid-everything-you-need-to-know">Plaid+ version </a>of the Model S sedan. 
What Happened: The void of a Plaid+ version of the Model S will be filled by the Roadster, Musk said in a reply on social media platform X. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Roadster
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1817965368700174639?ref_src=twsrc%5Etfw">July 29, 2024</a></blockquote>
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Tesla&#8217;s Model S sedan was previously <a href="https://www.benzinga.com/news/21/03/20135928/tesla-delays-model-s-plaid-plus-deliveries-to-middle-of-next-year">slated to have a Plaid+ version</a>, a premium variant of Model S Plaid priced at around $150,000 with a range of over 500 miles and more horsepower. 
However, Tesla canceled the version in June 2021. The Plaid is just too good to warrant a Plaid+ version, the CEO then explained.
Tesla currently offers only two versions of the Model S &#8211; the Model S all-wheel drive and the more premium Plaid version. While the all-wheel drive starts at $74,990, the Plaid starts at $89,990.
Void Fill Roadster: As for the upcoming Roadster, Tesla intends to start production in 2025. While most of the engineering is complete, there are some more updates the company intends to make on the vehicle, <a href="https://www.benzinga.com/news/24/07/39924101/new-tesla-roadster-will-be-something-special-says-ceo-elon-musk-production-to-commence-in-2025">Musk said </a>during the company&#8217;s second-quarter earnings call last week.
In February, Musk said that the upcoming Tesla Roadster can accelerate from <a href="https://www.benzinga.com/news/24/05/38817313/tesla-ceo-elon-musk-says-making-new-roadster-only-as-fast-as-model-s-plaid-would-be-ridiculous">0 to 60 mph in less than 1 second</a>, lower than the company&#8217;s initial estimate of 1.9 seconds. The vehicle relies on a collaboration between Musk&#8217;s two companies- Tesla and rocket manufacturer SpaceX- to provide the incredible performance, he added.
The new generation Roadster prototype was showcased at the end of the event dedicated to unveiling the Tesla Semi on November 16, 2017. Tesla then said the vehicle would be available starting in 2020 and priced around $200,000.
However, the production timeline for the vehicle has been pushed several times since.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40009883/senior-tesla-executive-reveals-cybertruck-range-extender-will-not-be-removable-to-avoid-safety-risks">Senior Tesla Executive Reveals Cybertruck Range Extender Will Not Be Removable To Avoid Safety Risks</a></li>
</ul>
Photo via Shutterstock

TSLA

Tesla CEO Elon Musk Turns Down Possibility Of Model S Plaid Plus Variant, Upcoming Roadster Set To Fill That Gap Instead

AudioCodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUDC#NASDAQ">AUDC</a>) reported quarterly earnings of $0.18 per share which missed the analyst consensus estimate of $0.19 by 5.26 percent. This is a 12.5 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $60.303 million which beat the analyst consensus estimate of $60.242 million by 0.10 percent. This is a 0.47 percent increase over sales of $60.020 million the same period last year.

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