Themes ETF Trust Themes Uranium & Nuclear ETF (BATS: URAN)

Latest news for Themes ETF Trust Themes Uranium & Nuclear ETF (BATS:URAN)

The Fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the Index and American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the Index. The Fund will also invest, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in securities of Uranium Companies and Nuclear Companies and ADRs and GDRs based on such securities. The Index may include securities of large-, mid- and small-capitalization companies. The Funds 80% Policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The Fund uses a passive or indexing approach to try to achieve the Funds investment objective. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.

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NuScale Power shares are down over 5% today after a recent surge, despite analyst upgrades and strong support from Amazon for nuclear investments.

What&#39;s Going On With NuScale Power Stock on Thursday?

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These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Oklo Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) stock gained 99.23% last week. Nuclear-linked stocks gained after Amazon Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS <a href="https://www.benzinga.com//node/41358363" target="_blank" rel="noreferrer noopener">announced plans to invest</a> over $500 million in nuclear power.</li>
<li>Wave Life Sciences Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) shares jumped 67.35% after the company achieved its first-ever therapeutic RNA editing in humans from its RestorAATion-2 trial of WVE-006 for <a href="https://www.benzinga.com//node/41359843" target="_blank" rel="noreferrer noopener">Alpha-1 antitrypsin deficiency</a>. Several analysts raised the price <a href="https://www.benzinga.com/quote/wve/analyst-ratings" target="_blank" rel="noreferrer noopener">target on the stock</a>.</li>
<li>Longboard Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBPH#NASDAQ">LBPH</a>) gained 52.21% after the company announced it would be acquired by Lundbeck <a href="https://www.benzinga.com//node/41313129" target="_blank" rel="noreferrer noopener">for $60 per share in cash</a>.</li>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares rocketed 42.44% after signing a non-binding preliminary memorandum of terms for up to $750 million in proposed direct funding under <a href="https://www.benzinga.com//node/41339603" target="_blank" rel="noreferrer noopener">the CHIPS and Science Act</a>.</li>
<li>CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) stock upped 34.10% last week after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com//node/41386011" target="_blank" rel="noreferrer noopener">rose above $67,000</a>.</li>
<li>Telephone and Data Systems, Inc. (NYS: TDS) soared 26.03% after the company announced its subsidiary, United State Cellular Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>), <a href="https://www.benzinga.com//node/41403665" target="_blank" rel="noreferrer noopener">selling select spectrum licenses</a> in the AWS and PCS bands.</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) shares increased 15.31%. The company will report third-quarter <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">financial results on November 6</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com//node/41418999" target="_blank" rel="noreferrer noopener">NIO, ASML, And CVS Health Are Among Top 10 Large Cap Losers Last Week (Oct 14-18): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/10/41418879/coinbase-united-airlines-and-sofi-tech-are-among-top-11-large-cap-gainers-last-week-oct-14-18-are-" target="_blank" rel="noreferrer noopener">Coinbase, United Airlines And Sofi Tech Are Among Top 11 Large Cap Gainers Last Week (Oct 14-18): Are The Others In Your Portfolio?</a></li>
</ul>
Photo Courtesy of Oklo

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Oklo, CleanSpark And Wolfspeed Are Among Top 7 Mid Cap Gainers Last Week (Oct 14-18): Are The Others In Your Portfolio?

With the start of a new week comes the excitement surrounding a new set of companies looking to make an impact through their public offerings. <a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a>, these enticing companies are scheduled to trade publicly this week.
<ul>
<li>Peak Resources LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRB#NYSE">PRB</a>) will be trading publicly starting on Oct. 25. The company&#39;s price band is set between $13.00 and $15.00 with an insider lock-up period of 180 days. Peak Resources LP will be offering 4,700,000&nbsp;shares at a per-share value of $14.00.</li>
<li>Ingram Micro Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INGM#NYSE">INGM</a>) becomes publicly listed starting on Oct. 24. The company has a price range set between $20.00 and $23.00 with a 180-day lockup period. Ingram Micro Holding Corporation will be offering 18,600,000&nbsp;shares at a per-share value of $21.50.</li>
<li>High Roller Technologies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROLR#NYSE">ROLR</a>) will be trading publicly starting on Oct. 22. The company&#39;s price band is set between $8.00 and $10.00 with an insider lock-up period of 180 days. High Roller Technologies, Inc will be offering 1,250,000&nbsp;shares at a per-share value of $9.00.</li>
<li>Heritage Distilling Holding Company, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASK#NASDAQ">CASK</a>) becomes publicly listed starting on Oct. 22. The company has a price range set between $4.50 and $5.50 with a 180-day lockup period. Heritage Distilling Holding Company, Inc will be offering 1,500,000 shares at a per-share value of $5.00.</li>
</ul>
<h3>Evaluating IPOs</h3>
Initial public offerings, or IPOs, are the transitional processes of private companies deciding to go public and offer shares to investors on exchanges. IPOs typically offer companies the ability to build capital by distributing shares across the market. A company interested in becoming publicly tradeable must first meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other important data points before the offering.
Companies and investment banks will work to establish a price range that the stock is expected to sell between. This is known as an offering range. Once a company goes public, its stock comes with an opening price. The insider lock-up period is usually a set number of days after an IPO where company insiders, or employees with a 10% or higher stake in their company, cannot sell shares.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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A Look At Upcoming IPOs For The Week

A <a href="https://www.benzinga.com/topic/donald-trumphttps://www.benzinga.com/topic/donald-trump">Donald Trump</a> supporter had an aerial message for <a href="https://www.benzinga.com/topic/taylor-swift">Taylor Swift</a> and her 85,000 fans who sang, swayed and went crazy with delight when she and Florence Welch performed &#8220;Florida!!!&#8221; at Miami's Hard Rock Stadium Saturday. A banner tied to the tail of a small airplane buzzed overhead: &#8220;Trump 2024 &#8211; Ready For It. Cat Lady? MAGA.&#8221; 
The airborne message, <a href="https://www.starbiopic.com/hollywood/trump-supporters-disrupt-taylor-swifts-miami-concert-with-airborne-message/#google_vignette">reported</a> by StarBioPic.com, comes about six weeks after Swift made headlines following the <a href="https://www.benzinga.com/general/politics/24/09/40782598/harris-vs-trump-how-to-watch-2024-presidential-debate-rule-disputes-and-key-topics-for-voters">Harris-Trump debate</a> when she endorsed <a href="https://www.benzinga.com/topic/kamala-harris">Kamala Harris</a>, whom the pop star called a &#8220;steady-handed, gifted leader.&#8221; Swift's endorsement on Instagram that went out to her more than 283 million followers, was signed "Childless Cat Lady,&#8221; a reference to Trump's running mate <a href="https://www.benzinga.com/markets/equities/24/07/39999243/vance-on-childless-cat-ladies-people-are-focusing-so-much-on-the-sarcasm-and-not-on-the-substanc">JD Vance's description</a> of women who do not have children. 
Swift reportedly also directed over 330,000 visitors to register at vote.gov in less than 24 hours after her Harris-Walz endorsement.
Trump seemingly <a href="https://www.benzinga.com/general/entertainment/24/09/40815602/trump-shakes-off-taylor-swifts-harris-endorsement-in-2024-election-shell-probably-pay-a-pri">shook off the Swift endorsement</a>, although he did take to his Truth Social platform several days later saying, "I hate Taylor Swift." 
Apparently, some of Trump's MAGA followers seem to share the hate. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Plane flies over stadium in Miami where Taylor Swift is performing her Eras Tour concerts: "Trump 2024 &#8211; Ready For It. Cat Lady? MAGA!" <a href="https://t.co/zFlWc0owjQ">pic.twitter.com/zFlWc0owjQ</a>
&mdash; Pop Base (@PopBase) <a href="https://twitter.com/PopBase/status/1847806329953669474?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
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<h2 class="wp-block-heading">‘Who's Afraid Of Little Old Me?'</h2>
During one of the concert's segment's "Who's Afraid of Little Old Me?," which is a running theme in the Eras Tour, Swift delivered "her boldest jab at detractors who surmise sinister motives in her every move," <a href="https://www.miamiherald.com/entertainment/music-news-reviews/article294056329.html">noted</a> the Miami Herald. "Put narcotics into all of my songs/And that's why you're still singing along."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41411270/desantis-doubles-down-with-new-taxpayer-funded-anti-marijuana-ads-one-links-cannabis-to-domestic">DeSantis Doubles Down With New Taxpayer-Funded Anti-Marijuana Ads, One Links Cannabis To Domestic Violence</a>
<h2 class="wp-block-heading">Miami: Best-Selling Stop On Eras Tour</h2>
According to StubHub, Miami is the best-selling stop of Swift&#8217;s months-long Eras Tour this year. NBC Miami <a href="https://www.nbcmiami.com/news/local/taylor-swifts-eras-tour-kicks-off-in-miami/3449581/">reported</a> that the sold-out three-night run includes ticket buyers from 52 countries &#8211; excluding the US and Canada &#8211; more than any of the other 2024 U.S. stops.
Adding to the excitement, Miami-Dade County Mayor Daniella Levine Cava declared October 18 as Taylor Swift Day. Miami is part of the final leg of the U.S. Eras tour, which concludes Dec. 8 in Vancouver, Canada.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/09/40975413/we-watch-where-taylor-goes-because-our-demand-booms-taylor-swifts-eras-tour-sparks-25-fligh">&#8216;We Watch Where Taylor Goes Because Our Demand Booms:&#8217; Taylor Swift&#8217;s Eras Tour Sparks 25% Flight Demand Surge For United Airlines</a></li>
</ul>
Photo: Shutterstock

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Trump Supporter Flies Banner Over Taylor Swift's Miami Concert: 'Trump 2024 - Ready For It, Cat Lady? MAGA!'

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) stock lost 16.35% last week as U.S.-listed Chinese stocks <a href="https://www.benzinga.com//node/41385461" target="_blank" rel="noreferrer noopener">fell after China&#8217;s September exports</a> missed estimates. China stimulus uncertainty has also weighed on stocks recently.</li>
<li>KLA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) stock dipped 15.58%, probably due to continued weakness following weak guidance from ASML.</li>
<li>Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) shares were down 14.38%. The company will report <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">third-quarter results on October 25</a>.</li>
<li>Elevance Health shares dipped 14.17% after analysts cut forecasts <a href="https://www.benzinga.com//node/41405601" target="_blank" rel="noreferrer noopener">following third-quarter earnings</a>.</li>
<li>ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) shares tumbled 13.97% after the company accidentally released earnings a day ahead of schedule and <a href="https://www.benzinga.com//node/41358875" target="_blank" rel="noreferrer noopener">cut its 2025 sales forecast</a>.</li>
<li>Temu parent PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) stock fell 13.91%, as did U.S.-listed Chinese stocks <a href="https://www.benzinga.com//node/41316058" target="_blank" rel="noreferrer noopener">after China&#8217;s September exports</a> missed estimates. China stimulus uncertainty has also weighed on stocks recently.</li>
<li>Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) shares were down 12.24%, probably in sympathy with Elevance Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>), which reported third-quarter earnings miss and issued soft FY24 guidance.</li>
<li>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) stock dived 12.12%, probably in sympathy with Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), which reported better-than-expected <a href="https://www.benzinga.com//node/41377745" target="_blank" rel="noreferrer noopener">earnings and issued strong guidance</a>.</li>
<li>Erie Indemnity Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) fell 9.92% last week after Spruce Point Management <a href="https://www.sprucepointcap.com/research/erie-indemnity-company" target="_blank" rel="noreferrer noopener">issued a short-sell report</a> on the stock. The company was under pressure due to Category 5 Hurricane Milton.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) stock fell 9.44% last week after the company <a href="https://www.benzinga.com//node/41399396" target="_blank" rel="noreferrer noopener">cut its Q3 outlook</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/10/41418879/coinbase-united-airlines-and-sofi-tech-are-among-top-11-large-cap-gainers-last-week-oct-14-18-are-" target="_blank" rel="noreferrer noopener">Coinbase, United Airlines And Sofi Tech Are Among Top 11 Large Cap Gainers Last Week (Oct 14-18): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

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Citigourp Global Markets 2% Protected Notes Linked To The Djia

NIO, ASML, And CVS Health Are Among Top 10 Large Cap Losers Last Week (Oct 14-18): Are The Others In Your Portfolio?

Nuclear energy-related stocks have taken off following major announcements from Alphabet, Inc.'s  (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 and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as the tech industry turns to nuclear energy to power AI data centers. Here's a look at a sampling of stocks that could benefit from the <a href="https://www.benzinga.com/news/24/10/41358363/nuclear-stocks-soar-as-amazon-becomes-latest-tech-giant-to-invest-in-nuclear-power">market's nuclear trend</a>.
Last week, both Google and Amazon announced major nuclear power agreements with privately-owned small modular reactor (SMR) companies. Google signed a large deal with Kairos Power and Amazon inked a deal with Energy Northwest to build four advanced SMRs.&nbsp;
<h3 class="wp-block-heading">SMR Developers: </h3>
Both Kairos Power and Energy Northwest are privately-held companies. However, there are several publicly traded companies focused on SMRs.&nbsp;
<ul>
<li>Oklo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) develops fast fission power plants to provide nuclear energy at scale and counts OpenAI's Sam Altman as the chairman of its board of directors. The stock<a href="https://www.benzinga.com/news/24/10/41321236/sam-altmans-oklo-jumps-on-google-nuclear-deal-whats-going-on"> has gained more</a> than 190% over the past month as the nuclear trade takes off.&nbsp;</li>
<li>NuScale Power Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) develops modular light water reactor nuclear power plants and its stock<a href="https://www.benzinga.com/news/24/10/41402441/nuscale-rockets-higher-on-amazon-deal-how-high-can-it-go"> has soared</a> nearly 100% over the past month.&nbsp;</li>
<li>Nano Nuclear Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) is a developer of portable, on-demand capable, and advanced nuclear microreactors. Nano Nuclear Energy stock is up 85% over the <a href="https://www.benzinga.com/markets/equities/24/10/41362462/why-is-nano-nuclear-energy-stock-gaining-today">past month</a>.&nbsp;</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a>
<h3 class="wp-block-heading">Power Producers: </h3>
Shares of power companies have also gained as data centers and AI applications raise demand for energy to power the emerging technologies.&nbsp;
<ul>
<li>Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) a massive deal with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) in September which includes plans to restart Unit 1 of the Three Mile Island nuclear facility. The reopening is part of a 20-year power <a href="https://www.benzinga.com/markets/equities/24/09/40957437/microsoft-taps-constellation-for-20-year-carbon-free-power-3-400-jobs-coming-to-pennsylvania">purchase agreement</a> to power Microsoft's AI data centers.&nbsp;</li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) is one of the largest power producers and retail energy providers in the U.S. and owns 41 gigawatts of nuclear, coal, natural gas, and solar power generation. The stock is also the best performer in the S&amp;P 500 in 2024,<a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41342499/unlikely-s-p-500-stock-leaves-nvidia-behind-with-241-gain-in-2024"> beating out</a> other AI-related names including NVIDIA Corp. which was the best performer in 2023.&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Uranium Stocks: </h3>
Uranium is needed to generate nuclear power and prices have increased significantly, up roughly 60% since the beginning of the year.&nbsp;
<ul>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) is a uranium producer with several projects including Millennium, Yeelirrie, Kintyre and Exploration. Cameco shares are<a href="https://www.benzinga.com/news/24/09/40961163/whats-going-on-with-cameco-stock-friday"> up nearly</a> 45% over the past month.&nbsp;</li>
<li>Centrus Energy Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) supplies enriched uranium fuel for commercial nuclear power plants in the U.S. and internationally. Centrus Energy stock gained 21% on Friday after the Department of Energy <a href="https://www.benzinga.com/pressreleases/24/10/n41391606/centrus-wins-haleu-enrichment-award-from-u-s-department-of-energy">awarded the company</a> a contract aimed at expanding its domestic commercial production.&nbsp;</li>
</ul>
<h3 class="wp-block-heading">&#8220;Huge Opportunity&#8221;</h3>
Last week, Oklo's co-founder and CEO Jacob DeWitte joined CNBC's "Money Movers" and highlighted the current opportunities for companies in the <a href="https://www.benzinga.com/news/24/10/41343639/oklo-ceo-highlights-mind-blowing-demand-for-ai-power-says-googles-nuclear-deal-only-tip-of-the-icebe">nuclear power industry</a>.&nbsp;&nbsp;
"It's an extremely exciting time for nuclear … the numbers are staggering here. The power demand numbers, frankly, they're mind-blowing," DeWitte said. "It's a huge opportunity for a lot of players in the space, and nuclear offers a really great solution. "&nbsp;
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406621/microsoft-ai-revenue-could-eclipse-10b-in-2025-piper-sandler-says">Microsoft AI Revenue &#8216;Could Eclipse&#8217; $10B In 2025, Bullish Analyst Says</a></li>
</ul>

GOOGL

MSFT

Nuclear Energy Stocks Are Hot: Here's A List Of Tickers To Watch

Tech industry tycoon Elon Musk made comments in support of nuclear energy at an event over the weekend, adding to the current buzz surrounding <a href="https://x.com/MarioNawfal/status/1847466596995834126">the nuclear energy sector</a>.
What Happened: Musk held a Town Hall event in support of Donald Trump's presidential campaign in Harrisburg, Pennsylvania, on Friday where he spoke about the safety of modern nuclear reactors. 
Musk said that the dangers of nuclear power are "greatly overstated."&nbsp;
"With the latest technologies, you can actually make a nuclear reactor where it is literally impossible to melt it down if you tried to melt it down," he said.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8;&#x1f1fa;&#x1f1f8; ELON MUSK: THE DANGERS OF NUCLEAR POWER ARE GREATLY OVERSTATED "With the latest technologies, you can actually make a nuclear reactor where it is literally impossible to melt it down if you tried to melt it down. If you&#39;re in a situation like that, with advanced nuclear… <a href="https://t.co/W7rSZqmn31">pic.twitter.com/W7rSZqmn31</a>
&mdash; Mario Nawfal (@MarioNawfal) <a href="https://twitter.com/MarioNawfal/status/1847466596995834126?ref_src=twsrc%5Etfw">October 19, 2024</a></blockquote>
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</figure>
Musk has been a strong advocate for nuclear power and has called the shutting down of nuclear power plants &#8220;total madness&#8221; and &#8220;extremely crazy." He has also argued in favor of reopening closed nuclear power plants and Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) has plans to do just that.&nbsp;
Three Mile Island: Constellation Energy announced on Sept. 20 that it plans to restart Unit 1 of the Three Mile Island nuclear facility. The reopening is part of a 20-year power <a href="https://www.benzinga.com/markets/equities/24/09/40957437/microsoft-taps-constellation-for-20-year-carbon-free-power-3-400-jobs-coming-to-pennsylvania">purchase agreement</a> with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp; which will use the electricity to power its AI data centers.&nbsp;
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Google Chooses Nuclear: Tech giant Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) has also chosen nuclear power for its AI data centers. Last week, Google signed a Master Plant Development Agreement with Kairos Power to <a href="https://www.benzinga.com/markets/24/10/41339316/google-goes-nuclear-for-ai-power-israeli-restraint-impacts-stocks-gold-and-oil">deploy a fleet</a> of advanced nuclear power projects totaling 500 MW by 2035. The Google agreement will likely build more excitement for nuclear power.
AI data centers and other AI infrastructure require enormous amounts of constant energy and the tech industry is showing <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">strong interest</a> in nuclear energy as a potential solution for clean, reliable power generation.
Fast Energy: Elon Musk previously predicted that solar energy will be the main long-term power source for civilization, but said nuclear power is necessary in the interim as it is &#8220;the fastest to produce energy.&#8221; It looks like Google and Microsoft agree with Musk.&nbsp;
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</ul>

Elon Musk Goes Nuclear, Says Dangers 'Greatly Overstated' As Google Signs Nuclear Power Deal

<a href="https://www.benzinga.com/personal-finance/24/09/40748259/kevin-oleary-warns-kamala-harris-tax-plan-could-crush-u-s-businesses-heres-why-he-thinks-its-a-t">Kevin O&#8217;Leary</a> recently stirred the pot, dismissing concerns that automation in U.S. ports would harm worker wages. As East and Gulf Coast ports started buzzing again, O&#8217;Leary took the opportunity to address what he saw as the real issue: inefficiency.&nbsp;
He pointed out that U.S. ports, especially on the East Coast, are lagging behind international players like Singapore in terms of productivity.
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"These ports are outdated," O&#8217;Leary explained during his appearance on "Varney &amp; Co.," adding, "When compared to highly automated hubs in Asia, we're not even in the same ballpark. And that's just bad for business." His solution? Automation.
According to ABC News, the recent labor dispute between U.S. dockworkers and employers ended with a tentative wage deal, giving workers a substantial 62% pay hike.&nbsp;
However, the International Longshoremen's Association (ILA) union remains adamant against automation. In a firm statement, the ILA said they would not accept any technology that risks jobs or undermines historical work roles, ensuring that job security was a top priority.
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But O&#8217;Leary isn&#8217;t buying that argument. "Look, there's been no real evidence that automation reduces <a href="https://www.benzinga.com/startups/24/07/40068579/all-of-us-pay-for-the-fact-that-youre-not-paying-that-person-enough-says-mark-cuban-about-entreprene">wages</a>," he said. "If anything, wages for those skilled in operating new tech could actually increase."&nbsp;
According to studies cited by O&#8217;Leary, automation doesn't displace workers as much as it shifts the kind of work they do. He suggests that as ports become more tech-savvy, jobs may evolve to more specialized roles, potentially leading to wage increases rather than cuts.
Backing up O&#8217;Leary's perspective, Eric Hoplin, CEO of the National Association of Wholesaler-Distributors (NAW), pointed out that major global ports like Rotterdam, Shanghai and Singapore have embraced automation long ago.&nbsp;
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&#8220;We're decades behind," he told "Mornings With Maria," emphasizing that resisting technological change would leave the U.S. port industry stuck in the past. According to Hoplin, while union demands for protection against automation are understandable, they may be unrealistic in today's fast-moving, tech-driven world.
While controversial, automation isn't necessarily the enemy of workers. According to the McKinsey Global Institute, automation across various industries has enhanced productivity and sometimes raises wages in specialized sectors.&nbsp;
According to Oxford Economics and as cited by JPMorgan, analysis of the recent strike estimated that disruptions to U.S. port operations could cost the economy between $3.8 billion and $4.5 billion per day, highlighting the critical need for efficiency at these ports.
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However, not everyone agrees with O&#8217;Leary's optimism. Some labor experts argue that while automation might increase productivity, the gains often favor companies over workers. As ports become more automated, traditional jobs may disappear, leaving workers without the skills to transition to new roles.&nbsp;
According to a recent report by the International Labor Organization, automation in certain sectors has historically led to job cuts, particularly among low-skilled workers, underscoring that not all effects of automation are positive.
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Startups

Kevin O'Leary Claims There's 'Zero Evidence' That Automation At U.S. Ports Impacts Worker Wages – Why He Thinks It Won't Hurt At All

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock gained 24.85% last week after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com//node/41386011" target="_blank" rel="noreferrer noopener">rose above $67,000</a>.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) stock jumped 19.98% after the company reported better-than-expected&nbsp;fourth-quarter results and announced a&nbsp;$1.5 billion&nbsp;buyback program. Several analysts<a href="https://www.benzinga.com//node/41387797" target="_blank" rel="noreferrer noopener"> changed their price targets</a>.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) stock upped 17.01%.</li>
<li>Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) stock grew 13.18% following a&nbsp;third-<a href="https://www.benzinga.com//node/41326902" target="_blank" rel="noreferrer noopener">quarter earnings beat</a>.</li>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) stock was up 12.99%, probably due to strength in nuclear names. The stock rose after Amazon Web Services announced plans to invest <a href="https://www.benzinga.com//node/41358363" target="_blank" rel="noreferrer noopener">over&nbsp;$500 million&nbsp;in nuclear power</a>.</li>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) stock gained 12.99% after the company announced a <a href="https://www.benzinga.com//node/41313080" target="_blank" rel="noreferrer noopener">$2 billion loan platform</a> business agreement for personal loans with funds managed by affiliates of Fortress Investment Group.</li>
<li>Blackstone Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) stock increased 12.62% after multiple analysts raised their price targets following the company&#8217;s <a href="https://www.benzinga.com//node/41405312" target="_blank" rel="noreferrer noopener">recent&nbsp;third-quarter earnings report</a>.</li>
<li>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) shares rose 12.20% after reporting better-than-expected&nbsp;<a href="https://www.benzinga.com//node/41379650" target="_blank" rel="noreferrer noopener">third-quarter&nbsp;results</a>.</li>
<li>Snap-On Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) shares were up 11.75% after the company reported better-than-<a href="https://www.benzinga.com//node/41380823" target="_blank" rel="noreferrer noopener">expected&nbsp;third-quarter results</a>.</li>
<li>AngloGold Ashanti PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) stock increased 11.59%, probably owing to a rise in the price of gold and silver.</li>
<li>Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) shares were up 11.45%. The company, along with Crusoe and Primary Digital Infrastructure, formed a $3.4 billion joint venture to develop AI data centers.</li>
</ol>
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Photo by Useacoin on Shutterstock

COIN

ERIC

SOFI

Coinbase, United Airlines And Sofi Tech Are Among Top 11 Large Cap Gainers Last Week (Oct 14-18): Are The Others In Your Portfolio?

Shaquille O&#8217;Neal, the larger-than-life basketball legend, wants to set the record straight when discussing generational wealth – it isn&#8217;t just for the superrich. In a recent discussion on his YouTube <a href="https://www.youtube.com/watch?v=IR192-wTzUQ">channel</a>, Shaq shed some light on what generational wealth is and why it should be available to everyone, not just those with millions stashed away.
&#8220;A lot of times when you throw around that word &#8216;generational wealth,&#8217; people think it&#8217;s for rich people only,&#8221; Shaq said. &#8220;I think it&#8217;s for everyone.&#8221;
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Shaq has spent years considering how to ensure his kids and their kids are set up for the future. He&#8217;s big on making smart choices today that pay off down the road, whether <a href="https://www.benzinga.com/money/how-to-set-up-a-will">setting up a will</a>, <a href="https://www.benzinga.com/money/setting-up-a-trust">creating a trust</a>, <a href="https://www.benzinga.com/money/how-annuities-work">buying an annuity</a> or <a href="https://www.benzinga.com/money/life-insurance">taking out a life insurance policy</a>. He wants people to know that it's not about being rich; it's about ensuring your loved ones are cared for, no matter what happens.
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<h2 class="wp-block-heading">A Mindset for Everyone</h2>
<a href="https://www.benzinga.com/news/24/01/36665127/4-rules-from-vivian-tu-a-wall-street-pro-who-achieved-millionaire-status-at-27">Vivian Tu</a>, one of Shaq&#8217;s guests and former JPMorgan Equities Trader, said that when she first thought about getting rich, it was about buying luxury items like designer bags and fancy cars. But her perspective changed and now she&#8217;s making sure her parents&#8217; <a href="https://www.benzinga.com/money/how-does-health-insurance-work">medical bills are covered</a> and that her future kids have opportunities without worrying about money.
Desi Banks, another guest and comedian, actor and social media personality, explained that he wants to be the one who changes his family's story. He said, &#8220;I wanted to be something different. I want to be able to have generational wealth where it's like, you know, once I'm gone, my kids' kids can have some and his kids' kids can have some.&#8221;
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They also discussed the importance of having open conversations about money within families – something that often doesn't happen enough. &#8220;Most of your money habits … are actually burned in like as a child, usually before the age of seven,&#8221; Tu explained. She pointed out that many people grow up with their parents telling them not to talk about money or taxes, making it a taboo subject.
But that mindset is holding people back. Rich people do talk about money – they do it at the golf course, at the country club and wherever else they can. That&#8217;s how they learn and grow. Everyone should do the same. &#8220;Why is it embarrassing when people who look like us, young people, are talking about money? It's not. Do it,&#8221; Tu insisted.
The overall message is simple: start <a href="https://www.benzinga.com/money/what-is-financial-planning">planning for your family&#8217;s future today</a>, no matter where you are financially. Talk about money, make smart choices and invest in things that will provide security for your loved ones.
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Personal Finance

'People Think Generational Wealth Is 'For Rich People Only,' Says Shaquille O'Neal. But He Thinks 'It's For Everyone'

<a href="https://www.benzinga.com/general/entertainment/23/06/32672115/83-year-old-al-pacino-has-a-child-on-the-way-with-his-29-year-old-girlfriend-who-is-younger">Al Pacino, one of Hollywood's most iconic actors,</a> didn't get into acting for the money. But over the years, despite starring in classics like The Godfather and Scarface, he managed to <a href="https://www.benzinga.com/personal-finance/24/09/40711869/how-rich-are-you-heres-the-net-worth-that-defines-upper-middle-and-lower-class">blow through his millions</a>, ultimately finding himself in a serious financial mess.&nbsp;
In his memoir Sonny Boy, Pacino admits he wasn't just bad with money – he was terrible. At one point, his financial situation became so dire that he had to take on roles in movies like Jack and Jill, a film he openly admits he did for one reason: he was broke.
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How Did Al Pacino Go Broke?
You might wonder how someone who reached the heights of stardom, collecting millions, could lose it all. In Pacino's case, his poor money management and <a href="https://www.benzinga.com/personal-finance/24/10/41204085/what-screams-im-upper-class-these-are-the-not-so-subtle-signs-of-wealth-according-to-people-on-s">extravagant lifestyle led to his downfall</a>. In his memoir, he reveals just how bad it got. "I had about ninety grand in the bank and that was it," he wrote, sharing that he was spending a fortune without much coming in.&nbsp;
In fact, he was dropping around $400,000 a month – a sum that included maintaining two homes, multiple apartments and even an office. "I was spending $400,000 a month and didn't know it was happening. You've got to be dumb," he wrote. He elaborated, "I had property but I didn't have any money … The kind of money I was spending and where it was going was just a crazy montage of loss."
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He joked about his ridiculous spending on landscaping at a house he didn't even live in, forking over $400,000 a year to trim the lawn.
Pacino admits that while he could blame everyone from his accountants to his manager, the real issue was that he <a href="https://www.benzinga.com/personal-finance/24/10/41305175/nba-legend-shaq-says-you-should-save-75-of-your-paycheck-its-not-about-how-much-you-make-its-abo">didn't know a thing about how money worked</a>. He says, "I didn't understand how money worked, any more than I understood how a career worked. It was a language I just didn't speak."
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<h2 class="wp-block-heading">The "Jack and Jill" Debacle</h2>
By 2011, Pacino's money woes hit rock bottom. His accountant had been running a Ponzi scheme and as Pacino later found out, was sentenced to prison. That left him in financial free fall. "I had fifty million dollars and then I had nothing," Pacino wrote, reflecting on just how quickly the money disappeared. Faced with mounting expenses, Pacino took on projects purely for financial reasons.
One of those projects was Jack and Jill, the 2011 Adam Sandler film widely panned by critics (it holds a 3% score on Rotten Tomatoes). In the movie, Pacino plays an over-the-top version of himself, starring in a fake Dunkin' Donuts commercial that left audiences cringing. So why did he do it? Pacino candidly admitted, "It came at a time in my life that I needed it because it was after I found out I had no more money."
Despite the film's failure, Pacino takes it all in stride. And while many fans thought the Dunkin' Donuts ad from Jack and Jill was real, he later clarified, "You know how many people think I actually made that commercial?"
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From Extravagance to Downsizing
Pacino's spending habits were the stuff of legend. He spent money on 16 cars, owned 23 cellphones and, at the height of his wealth, was maintaining a lifestyle that, in today's dollars, would have been close to $900,000 a month. But when his funds ran dry, he had no choice but to downsize. He sold one of his homes, did commercials for Australian TV and even began giving seminars to make ends meet.
His financial recovery took time, but Pacino has regained his footing, partly thanks to his more recent projects. His deal with HBO, for instance, saw him earning $10 million per movie, with three films under his belt already. Additionally, his role in The Irishman in 2019, directed by Martin Scorsese, earned him a hefty $20 million paycheck.
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A Lesson in Financial Responsibility
Now in his 80s, Pacino admits that he has learned some hard lessons about money management. "Scarface" remains his most lucrative film and to this day, the residuals from the movie help support him. "I can live on it, I mean, I could, if I lived like a normal person," he wrote with a touch of humor.
But perhaps the most telling part of his story is that even someone as successful as Al Pacino can make mistakes when it comes to money. And while his roles in films like Jack and Jill might not be remembered fondly, they serve as a reminder that even the greatest actors aren't <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">immune to financial challenges</a>.
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Al Pacino Went Broke After Blowing $50 Million on 16 Cars, 23 Cellphones And $400K For Landscaping: 'I Didn't Understand How Money Worked'

The European Union's NIS 2 cybersecurity directive, now enforceable, mandates companies to bolster their cybersecurity<a target="_blank" href="https://www.benzinga.com/news/24/10/41380184/as-apple-microsoft-battle-eu-regulations-this-new-cybersecurity-rule-can-cost-companies-up-to-10m-if" rel="noreferrer noopener"> practices or face hefty fines</a>.
Chinese researchers have successfully used&nbsp;D-Wave‘s quantum annealing systems to break classic encryption RSA, potentially accelerating the timeline for when quantum computers could pose a&nbsp;real threat to widely <a target="_blank" href="https://www.benzinga.com/news/24/10/41325429/chinese-researchers-use-quantum-computers-to-reportedly-crack-rsa-encryption-raising-alarms-in-cyber" rel="noreferrer noopener">used cryptographic systems</a>.
Republican presidential nominee&nbsp;Donald Trump's&nbsp;2024 campaign has decided not to advertise on&nbsp;Snap Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) Snapchat, a <a target="_blank" href="https://www.benzinga.com/news/24/10/41373962/trump-campaigns-snapchat-absence-potentially-gives-harris-edge-among-young-voters" rel="noreferrer noopener">platform favored by young voters</a>.
Amid growing concerns from the U.S. about the potential diversion of advanced chip technology to China, the UAE has assured its commitment <a target="_blank" href="https://www.benzinga.com/news/24/10/41350661/amid-fear-of-chinas-access-to-nvidia-amd-chips-through-middle-east-this-ceo-assures-uae-reliable-par" rel="noreferrer noopener">to safeguarding these technologies</a>.
The assurance comes as the Biden administration considers imposing restrictions on chip sales from NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) <a href="https://www.benzinga.com/news/24/10/41323155/nvidia-amd-face-chip-export-curbs-as-biden-administration-considers-restrictions-on-middle-east-coun">to the Middle East</a>.
Gaming
The latest figures from Circana reveal a dip in U.S. video game spending for August 2024, with total expenditure dropping 7% year-on-year to&nbsp;$4.1 billion. Hardware sales fell 36%,<a href="https://www.benzinga.com/general/gaming/24/10/41319267/us-gaming-market-sees-7-spending-decline-in-august-madden-nfl-25-debut-a-bright-spot" target="_blank" rel="noreferrer noopener"> driven by a 41% decline in Switch sales</a>.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) discontinued its $1 for 14 days Game Pass trial just before the launch of Call of Duty: Black Ops 6, which is set to release directly<a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41365519/microsoft-ends-1-game-pass-trial-ahead-of-call-of-duty-black-ops-6-launch" rel="noreferrer noopener"> on&nbsp;Game Pass next week</a>.
Microsoft settles the antitrust lawsuit over its $69 billion Activision Blizzard acquisition, with <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41342256/microsoft-settles-antitrust-lawsuit-filed-by-gamers-over-activision-blizzard-acquisition" rel="noreferrer noopener">undisclosed terms and no refiling allowed</a>.
Microsoft is set to expand its cloud gaming capabilities by introducing support for player-owned Xbox games, a long-anticipated feature that will allow users to stream titles <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41318405/microsoft-to-test-cloud-gaming-for-owned-xbox-games-in-november-report" rel="noreferrer noopener">from their&nbsp;personal game libraries</a>.
Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) will shut down Plants vs. Zombies 3 on November 15, 2024, halting downloads and in-app purchases in<a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41365831/plants-vs-zombies-3-servers-shut-down-as-ea-plans-major-overhaul" rel="noreferrer noopener"> preparation for a&nbsp;"major overhaul."</a>
Riot Games, the studio behind&nbsp;League of Legends, announced a series of layoffs affecting its League of Legends PC development team, <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41367265/riot-games-lays-off-27-developers-as-part-of-league-of-legends-restructure" rel="noreferrer noopener">alongside plans for&nbsp;future expansion</a>.
Bandai Namco Holdings, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NCBDY#OTC">NCBDY</a>) faces workforce shifts and project cancellations despite the success of Dragon B<a target="_blank" href="https://www.benzinga.com/markets/asia/24/10/41344105/inside-bandai-namcos-workforce-struggles-100-staff-members-quit-during-project-overhauls" rel="noreferrer noopener">all Z: Sparking! Zero&#8217;s 3 million unit sales</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41352155/elon-musk-applauds-spotify-after-streaming-giant-reveals-its-audiobook-catalog-has-doubled-" rel="noreferrer noopener">Elon Musk Applauds Spotify After Streaming Giant Reveals Its Audiobook Catalog Has Doubled To 300K Titles</a>
Smartphones
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly had a secret partnership with Chinese electric vehicle manufacturer&nbsp;BYD Co Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) to create <a target="_blank" href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti" rel="noreferrer noopener">long-range electric vehicle batteries</a>.
Apple is expanding its payment offerings within Apple Pay, providing users with more flexible online and&nbsp;in-app purchase options. The company is introducing installment loan features and increasing the <a target="_blank" href="https://www.benzinga.com/fintech/24/10/41385123/apple-pay-expands-buy-now-pay-later-with-affirm-adds-support-for-third-party-browsers-and-more" rel="noreferrer noopener">availability of rewards programs</a>.
Apple unveiled the&nbsp;upgraded version&nbsp;of its&nbsp;iPad Mini, marking the first significant upgrade to <a target="_blank" href="https://www.benzinga.com/news/24/10/41349691/apple-mini-gets-an-ai-upgrade-3-years-after-last-facelift-price-starts-at-499" rel="noreferrer noopener">the compact tablet since 2021</a>.
Apple has set a new sales record for its&nbsp;iPhone&nbsp;during the third quarter of 2024, coinciding with a broader <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41328252/apples-iphone-16-powers-record-sales-in-q3-just-behind-samsung-in-global-market-share-battle" rel="noreferrer noopener">recovery in the global smartphone market</a>.
Apple is reportedly ramping up its efforts to compete with&nbsp;Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). The iPhone maker&#8217;s discounted version of the&nbsp;first-generation mixed-reality&nbsp;headset,&nbsp;Vision Pro, <a href="https://www.benzinga.com/news/24/10/41306527/apples-low-cost-vision-pro-could-hit-the-shelves-next-year-everything-you-need-to-know-about-iphone" target="_blank" rel="noreferrer noopener">could be ready by next year</a>.
Apple has terminated its self-driving vehicle testing permit in California. The decision follows the company's&nbsp;earlier<a target="_blank" href="https://www.benzinga.com/news/24/10/41309072/apple-poured-1b-a-year-into-its-car-project-before-abandoning-it-tim-cooks-company-now-pulls-plug-on" rel="noreferrer noopener"> abandonment&nbsp;of its electric vehicle project</a>.
Apple is reportedly experiencing a shortage in inventory&nbsp;for several of its products,&nbsp;leading to speculation about the <a target="_blank" href="https://www.benzinga.com/24/10/41322912/apple-to-launch-new-macbooks-pro-ipad-minis-and-imacs-analyst-says-inventory-dwindling-for-these-giz" rel="noreferrer noopener">imminent launch of new models</a>.
Samsung Electronics Co Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) is reportedly preparing to unveil its "Special Edition"&nbsp;Galaxy <a target="_blank" href="https://www.benzinga.com/news/24/10/41374294/apple-rival-samsung-to-unfold-special-edition-of-its-latest-flagship-foldable-phone" rel="noreferrer noopener">Z Fold 6&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41374294/apple-rival-samsung-to-unfold-special-edition-of-its-latest-flagship-foldable-phone" rel="noreferrer noopener">as&nbsp;early as next week</a>.
Social Media, AI &amp; Technology
YouTube, a subsidiary of&nbsp;Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, is extending its "Premium Lite" plan to additional countries, offering a more <a target="_blank" href="https://www.benzinga.com/news/24/10/41373073/youtubes-premium-lite-plan-that-removes-some-ads-but-doesnt-offer-any-other-perks-is-rolling-out-to" rel="noreferrer noopener">affordable subscription with fewer ads</a>.
YouTube&nbsp;has unveiled a significant update that introduces a range of new features designed to enhance the user experience and foster a stronger connection between <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41350347/youtube-rolls-out-new-features-including-sleep-timer-collaborative-playlists-and-enhanced-m" rel="noreferrer noopener">creators and their audiences</a>.
Google&nbsp;has requested the 9th Circuit Court of Appeals to put a stop to the impending changes mandated by Judge&nbsp;James Donato's&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41375089/google-urges-9th-circuit-to-halt-dangerous-epic-ruling-cites-substantial-new-security-risks" rel="noreferrer noopener">ruling in the Epic v. Google case</a>.
Google&nbsp;has officially begun rolling out Android 15, the latest version of its&nbsp;mobile operating system, <a target="_blank" href="https://www.benzinga.com/news/24/10/41350862/google-rolls-out-android-15-with-theft-detection-lock-privacy-features-for-sensitive-apps-and-more" rel="noreferrer noopener">to Pixel devices today</a>.
Meta confirmed layoffs across multiple teams, including&nbsp;Instagram,&nbsp;<a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle" target="_blank" rel="noreferrer noopener">WhatsApp</a><a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle" target="_blank" rel="noreferrer noopener">, and&nbsp;</a><a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle" target="_blank" rel="noreferrer noopener">Reality Labs</a>.
On Tuesday, U.S. District Judge&nbsp;Yvonne Gonzalez&nbsp;Rogers&nbsp;in California rejected Meta's attempt to dismiss the claims made&nbsp;in two separate <a href="https://www.benzinga.com/news/24/10/41349398/mark-zuckerbergs-meta-to-face-lawsuits-over-teen-social-media-addiction-judge-rejects-dismissal-moti" target="_blank" rel="noreferrer noopener">lawsuits filed&nbsp;last year</a>. The lawsuits involving over 30 states,&nbsp;including California, New York, and Florida, accuse Meta of contributing to mental health issues among teenagers by making its platforms addictive.
Taiwan Semiconductor Manufacturing Co. Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reportedly started manufacturing A16 chips for&nbsp;Apple&nbsp;at its Phoenix, Arizona facility. This move is part of the U.S. strategy to<a target="_blank" href="https://www.benzinga.com/news/24/10/41356479/apple-spark-hope-for-americas-semiconductor-comeback-key-supplier-tsmc-reportedly-begins-producing-c" rel="noreferrer noopener"> enhance domestic semiconductor production</a>.
Sebastien Bubeck, the vice president of GenAI research at&nbsp;Microsoft is set t<a href="https://www.benzinga.com/news/24/10/41322687/sam-altman-led-openai-welcomes-microsofts-genai-research-vp-following-wave-of-executive-departures" target="_blank" rel="noreferrer noopener">o join&nbsp;</a><a href="https://www.benzinga.com/news/24/10/41322687/sam-altman-led-openai-welcomes-microsofts-genai-research-vp-following-wave-of-executive-departures" target="_blank" rel="noreferrer noopener">ChatGPT</a><a href="https://www.benzinga.com/news/24/10/41322687/sam-altman-led-openai-welcomes-microsofts-genai-research-vp-following-wave-of-executive-departures" target="_blank" rel="noreferrer noopener">-parent,&nbsp;</a><a href="https://www.benzinga.com/news/24/10/41322687/sam-altman-led-openai-welcomes-microsofts-genai-research-vp-following-wave-of-executive-departures" target="_blank" rel="noreferrer noopener">OpenAI</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41309060/nvidias-jensen-huang-says-chatgpt-led-to-awakening-of-ai-praises-sam-altmans-openai-as-one-of-most-c" rel="noreferrer noopener">Nvidia&#8217;s Jensen Huang Says ChatGPT Led To &#8216;Awakening Of AI,&#8217; Praises Sam Altman&#8217;s OpenAI As One Of Most Consequential Companies Of Our Time</a>

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SSNLF

Consumer Tech News (Oct 14-18): Biden Administration Considers Imposing Restrictions On Chip Sales, Apple Inks Secret Deal With BYD & More

Legendary investor Warren Buffett is known for his history of strong gains for Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) that often beat the broader <a href="https://www.benzinga.com/general/education/24/08/40652464/warren-buffett-celebrates-94th-birthday-with-1-trillion-market-cap-milestone-a-look-back-at-hig">stock market indexes</a>.
Buffett is also known for his sharp wit <a href="https://www.benzinga.com/general/entertainment/23/03/31353423/be-greedy-when-others-are-fearful-5-warren-buffett-quotes-to-inspire-you-now">and quotable quotes</a> that many in the investing community refer to on a daily, weekly or monthly basis.
Benzinga recently put some of Buffett's best quotes to the test.
"Which Warren Buffett quote resonates with you the most?" Benzinga asked.
The results were:
<ul>
<li>"Be fearful when others are greedy and greedy when others are fearful.": 33%</li>
<li>"The best investment you can make is in yourself.": 28%</li>
<li>"Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.": 24%</li>
<li>"Someone's sitting in the shade today because someone planted a tree a long time ago": 12% &nbsp;</li>
<li>"Cryptocurrency is probably rat poison squared.": 3%</li>
</ul>
The winning quote came from Buffett during the 2008 financial crisis with the investor sharing in an op-ed <a href="https://www.nytimes.com/2008/10/17/opinion/17buffett.html">piece </a>in the New York Times that he was buying American stocks as share prices had fallen dramatically.
You may not be a billionaire like Warren Buffett, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/exclusives/24/10/41405659/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
While many Benzinga readers picked the "be fearful" and "the best investment" quotes, third place "Rule No. 1" is perhaps Buffett's most well-known quote.
There likely isn't a bad quote among the bunch when it comes to applying Buffett's investing wisdom, save for the last one.
While many have made money in the cryptocurrency sector and see the long-term potential, Buffett has not come around and likely never will. Buffett has compared Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to rat poison squared and also said he wouldn't buy all the Bitcoin in the world for $25.
Buffett&#8217;s strong investing returns and quotable quotes could be the reason a recent Benzinga poll found the legendary investor <a href="https://www.benzinga.com/news/management/24/10/41302268/buffett-vs-musk-benzinga-readers-see-an-overwhelming-favorite-to-go-down-as-the-best-investor-in-">voted the most likely</a> person to go down as the most legendary investor in 100 years with 61% of the vote. Buffett beat Elon Musk, Jeff Bezos and Mark Cuban in the poll.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41319774/if-you-invested-1-000-in-bitcoin-when-warren-buffett-called-it-rat-poison-squared-heres-ho">If You Invested $1,000 In Bitcoin When Warren Buffett Called It &#8216;Rat Poison Squared,&#8217; Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>
The study was conducted by Benzinga from Oct. 15 through Oct. 17, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 108 adults.
Photo: Shutterstock

Education

Exclusives

Warren Buffett's Words Of Wisdom: Benzinga Readers Pick Their Favorite Oracle Of Omaha Quote

Top economist David Rosenberg, known for predicting the 2008 market crash and recession, is sounding the alarm about a <a href="https://www.benzinga.com/markets/equities/24/07/39743338/s-p-500-to-plunge-more-than-20-near-term-top-economist-breaks-down-broader-market-vs-small-cap-d">potential stock market crash</a>.
Mega-Bubble: In recent notes to Rosenberg Research clients, the market bear warned that the current market is in a &#8220;mega-bubble&#8221; and cautioned investors against chasing momentum.&nbsp;
&#8220;When this mega-bubble pops, it will be spectacular,&#8221; Rosenberg wrote on Oct. 18. &#8220;This is no time to chase momentum or the herd mentality.&#8221;
Warning Signs: Rosenberg cited high valuations, investor positioning and sentiment as warning signs. The most recent <a href="https://archive.ph/o/5xPqB/https://www.aaii.com/latest/article/239694-aaii-sentiment-survey-pessimism-spikes">AAII Sentiment Survey</a>, which tracks investor sentiment, shows 45.5% of its respondents characterized themselves as bullish, above its historical average of 37.5% for the 49th time in 50 weeks.&nbsp;&nbsp;
&#8220;This is the mother of all momentum-driven stock markets,&#8221; he wrote in an October 9 note.
Read Next: <a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a>
Rosenberg warned the S&amp;P 500 is at least 25% higher than fundamentals suggest it should be with stock prices outpacing earnings growth and analyst EPS revisions trending to the downside.&nbsp;
The economist is bearish on the economy as well as the markets and anticipates a recession on the horizon. Rosenberg pointed to emerging signs of economic weakness, including a rise in unemployment and decreased job openings.&nbsp;
Rosenberg's warnings come at a time when the S&amp;P 500 has seen significant gains, up 23% year-to-date following gains of 22% in 2023. Investors can track the S&amp;P 500 through <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41407647/spy-reaches-600-billion-in-assets-oldest-us-etf-hits-milestone-as-all-time-highs-conti">funds that track</a> the index's movements, including the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), known as the "Spy," and the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>). 
Rosenberg cautioned investors against chasing the "overvalued" market and advised clients to preserve capital.&nbsp;
&#8220;J.P. Morgan reportedly once commented that he got wealthy not by buying at the lows and selling at the highs, but rather by being involved in the middle 60% of the bull market. We are well past that point,&#8221;&nbsp; Rosenberg wrote.&nbsp;
Read Also:&nbsp;
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</ul>
Image: Shutterstock

ETFs

Market 'Mega-Bubble' Set To Pop, Says Top Economist Who Called 2008 Crash

A recent survey by Naxtisis Investment Managers reveals that financial advisors worldwide are concerned about retaining clients and assets during the impending &#8220;Great Wealth Transfer.&#8221; This massive transfer of over $84 trillion in assets over the next two decades is seen as a significant threat<a href="https://www.benzinga.com/analyst-ratings/analyst-color/20/10/17786534/millennials-have-68-trillion-coming-their-way-from-greatest-wealth-transfer-in-hist"> by 41% of advisors.</a>
The survey, conducted among 2,700 advisors across 20 countries, found that 30% worry about retaining assets from clients&#8217; spouses or children. While advisors report retaining 78% of relationships when spouses inherit, this drops to 58% with clients&#8217; children. Overall, 22% of advisors have already lost significant assets through generational attrition.
To combat this trend, advisors are aiming to add an average of 16 new clients annually and grow their AUM by 11%. Relationship-building is cited by 92% of advisors as their primary retention strategy. Many are extending family wealth planning discussions to clients&#8217; family members and offering additional services like trust and networking services.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41407647/spy-reaches-600-billion-in-assets-oldest-us-etf-hits-milestone-as-all-time-highs-conti">SPY Reaches $600 Billion In Assets: Oldest US ETF Hits Milestone As All-Time Highs Continue</a>
However, advisors face challenges in prospecting for new clients, dedicating only 8% of their weekly time to this task. They&#8217;re prioritizing pre-retirees and those entering retirement, with 96% focusing on the 50-60 age group and 88% on the 60-65 age bracket. Interestingly, 46% are also targeting younger accumulators aged 35-50, while only 14% are prospecting among the 18-35 age group.
To enhance their prospecting efforts, about half of the advisors plan to create dedicated prospecting teams. Many are also leveraging social media strategies (43%) and considering AI-powered tools (21%) for client acquisition.
Dave Goodsell, executive director of the Natixis Center for Investor Insight, emphasizes the importance of asking existing clients for referrals as a key growth strategy. He also notes that deepening relationships with clients and expanding financial planning services will be crucial for long-term success in the face of these demographic shifts and competitive pressures.
As the wealth transfer accelerates, advisors must adapt their strategies to navigate both short-term economic risks and long-term business challenges to ensure the continuity and growth of their practices.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/10/41405659/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a></li>
</ul>
Photo: Shutterstock

Financial Advisors

'Great Wealth Transfer' Poses Both Risks And Opportunities For Financial Advisors

<a href="https://www.benzinga.com/startups/24/09/41008222/mark-cuban-wants-to-crack-down-on-chinese-knockoffs-says-vice-president-kamala-harris-is-on-board-wi">Mark Cuban's</a> bold claim that Warren Buffett's famous buy-and-hold strategy is a &#8220;crock&#8221; has reignited debates within the investing community.&nbsp;
Cuban, known for his unapologetic views and a net worth surpassing $5 billion, isn't shy about challenging established investment philosophies. His thoughts on diversification, particularly, stir the pot among traditional investors, with a growing number backing his aggressive approach.
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<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
<li>‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a></li>
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According to Buffett, &#8220;diversification is a protection against ignorance,&#8221; a guiding principle that's long been at the heart of his investment strategy. Buffett's approach leans on the idea that spreading your money across various assets can shield against market downturns.&nbsp;
For many retail investors, index funds are the go-to for diversification. These funds mimic broad market indexes to provide a stable, if not flashy, return over time.
On the other hand, Cuban cuts through the noise with a more concentrated strategy. He's famously said that <a href="https://www.youtube.com/watch?v=u5Pp1HEKSPM">&#8220;diversification is for idiots&#8221;</a> and that the buy-and-hold strategy embraced by Buffett devotees is essentially worthless.&nbsp;
Trending:This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a>
Cuban's view resonates with some investors who are laser-focused on beating the market rather than merely matching it. According to Morningstar research, professional money managers who outperform benchmarks often make big, bold bets – not by playing it safe with a diverse portfolio.
For investors grappling with which billionaire to follow, a look at the numbers might help. Cambridge Associates&#8217; 2017 study supports diversification: &#8220;Diversified portfolios still prevail over the long term,&#8221; the report says, suggesting that a diverse strategy might cushion portfolios against severe market drops and provide more consistent returns over decades. This echoes Buffett's success with slow and steady wealth-building.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
But not everyone is convinced. Cuban's strategy, which focuses more on tech and innovative industries, has paid off handsomely in a world increasingly reliant on technology. He believes focusing on a few high-conviction bets will generate better returns, a sentiment shared by other billionaire investors.
Real estate often emerges as a contender for those seeking alternatives to the traditional stock market. High home prices and mortgage rates have made owning property trickier, but the allure of steady rental income hasn't faded.&nbsp;
See Also: ‘Beating the market through ethical real estate investing' —<a href="https://www.benzinga.com/money/invest-with-roots"> this platform aims to give tenants equity in the homes they live in while scoring 17.38% average annual returns for investors – here&#8217;s how to join with just $100</a>
Meanwhile, data from Nareit shows that commercial real estate offers steady returns and lower volatility than stocks. The numbers speak volumes – commercial <a href="https://www.benzinga.com/real-estate/24/10/41247244/real-estate-ceo-warns-california-florida-home-prices-set-for-big-drop-as-inventory-surges">real estate </a>has a lower correlation to the S&amp;P 500, making it a useful hedge for many investors.
And if real estate doesn't entice, fine art might. According to data from the Citi Global Art Market chart and as cited by CNBC, contemporary art outperformed the S&amp;P 500 over the last two decades, with annual returns of 11.5% compared to the market's 9.6%. Cuban's strategy might inspire you to look at alternatives like blue-chip art, which offers unique opportunities beyond stocks.
Read Next:
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<li>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
<li>During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a></li>
</ul>

Mark Cuban Calls Warren Buffett's Buy-And-Hold Strategy A 'Crock' – Which Billionaire's Investment Style Aligns With Your Goals?

A DIYer once dreamt of constructing a treehouse on his land before his own house was even built. Now, with multiple accommodations on the property, the treehouse has become a reality, and a legitimate <a href="https://www.benzinga.com/personal-finance/24/10/41234906/if-you-want-to-be-a-millionaire-stop-doing-the-9-5-grant-cardone-says-working-40-hours-a-week-on">source of income</a>.
Getting Off The Ground:&nbsp;Will Sutherland&nbsp;built a treehouse&nbsp;<a href="https://www.benzinga.com/news/23/03/31342788/26-year-old-gets-paid-to-live-in-a-luxury-tiny-home-in-her-own-backyard">in his backyard</a>&nbsp;in six months&#8217; time. It&#8217;s super popular on&nbsp;Airbnb&nbsp;Inc&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/abnb#NASDAQ">ABNB</a>), bringing&nbsp;in an average of $30,000 per year on the platform,&nbsp;according to a Business Insider&nbsp;<a href="https://www.businessinsider.com/i-built-airbnb-treehouse-and-now-host-full-time-2023-1">report</a>.
He saved money on the build by doing all the work himself and sourcing a lot of the material from a friend who was in the process of building a house at the same time.&nbsp;
There&#8217;s a queen bed with a loft area above it, so it can accommodate a family. It doesn&#8217;t have running water, but there&#8217;s a five-gallon tank, so guests can brush their teeth or wash their hands. The treehouse also has a window unit air conditioner and an electric heater.&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/news/23/03/31180793/this-diyer-built-a-17k-tiny-home-that-generates-50k-a-year-now-he-works-just-2-hours-a-week">This DIYer Built A $17K Tiny Home That Generates $50K A Year — Now He Works Just 2 Hours A Week</a>
Despite the lack of amenities, the house in the trees doesn&#8217;t have any trouble attracting guests, and let&#8217;s be real, if you are interested in staying the night in a treehouse, you probably aren&#8217;t expecting a whole lot.
Depending on the time of year, Sutherland lists it&nbsp;on&nbsp;<a href="https://www.benzinga.com/quote/ABNB">Airbnb</a>&nbsp;for anywhere from $160 to $250 a night.&nbsp;
&#8220;The treehouse gets thousands of views per month on Airbnb, and I&#8217;m booked for months out,&#8221; he said.
The treehouse alone brings in $30,000 a year in income, but Sutherland also has a renovated school bus on his property that he rents out to guests and a bathhouse for anyone staying on the land.
Combined, the two unique Airbnb listings generate enough <a href="https://www.benzinga.com/money/how-to-make-passive-income">annual income</a> that he was able to quit his job and spend his time working on other projects. 
&#8220;We basically live in a little miniature community here, flanked by our bus guests and treehouse guests all the time,&#8221; Sutherland said.&nbsp;
The Airbnb income is rewarding in more ways than one. Sutherland now works from home, which has freed up more time that he can spend with friends and family. He also feels fulfilled seeing his guests create memories in a treehouse he built himself. 
Read Next: 
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</ul>
This story is part of a new series of features on the subject of success, <a href="https://www.benzinga.com/topic/benzinga-inspire">Benzinga Inspire</a>. Some elements of this story were previously reported by Benzinga and it has been updated.
This illustration was generated using artificial intelligence via MidJourney.

Entrepreneurship

Real Estate

ABNB

Backyard Treehouse Gets So Much Attention On Airbnb, Owner Doesn't Have To Work Anymore: 'I'm Booked For Months'

The past week was buzzing with tech news, with a major focus on the rapid expansion of AI and its implications. From the &#8220;mind-blowing&#8221; demand for AI power to the &#8220;awakening of AI&#8221; led by ChatGPT, the tech world is witnessing a significant shift. Here are the key stories that made headlines.
Oklo CEO Highlights &#8216;Mind-Blowing&#8217; Demand For AI Power
Co-founder and CEO of Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), Jacob DeWitte, expressed his optimism about the future of nuclear power startups in the tech industry. He believes that Alphabet Inc.'s nuclear deal with Kairos Power is just the beginning of a series of collaborations between nuclear power startups and big tech companies. DeWitte highlighted the staggering demand for nuclear power driven by the rapid expansion of AI.
<a href="https://www.benzinga.com/news/24/10/41343639/oklo-ceo-highlights-mind-blowing-demand-for-ai-power-says-googles-nuclear-deal-only-tip-of-the-icebe">Read the full article here.</a>
Nvidia&#8217;s Jensen Huang Praises OpenAI
In a recent podcast, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang lauded OpenAI as one of the most influential companies of today's era. Despite several high-profile departures, OpenAI recently raised $6.6 billion at a $157 billion valuation.
<a href="https://www.benzinga.com/news/24/10/41309060/nvidias-jensen-huang-says-chatgpt-led-to-awakening-of-ai-praises-sam-altmans-openai-as-one-of-most-c">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/09/40974511/iphone-15-pro-models-and-iphone-13-discontinued-by-apple-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">iPhone 15 Pro Models and iPhone 13 Discontinued By Apple: Here&#8217;s Why</a>
Tesla&#8217;s Optimus Robots Assisted by Humans
During the recent &#8220;We, Robot&#8221; event, Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) showcased its humanoid robot, Optimus. However, a Bloomberg report revealed that humans were remotely assisting the Optimus robot prototypes with some functions.
<a href="https://www.benzinga.com/news/24/10/41321567/teslas-optimus-robots-were-remotely-assisted-by-humans-at-we-robot-event">Read the full article here.</a>
Nvidia CEO Praises Elon Musk&#8217;s xAI Achievement
Nvidia CEO Huang praised Musk for his achievement with xAI, stating that Musk achieved something with xAI in 19 days which usually takes at least a year. Huang shared his thoughts during an episode of the Bg2 Pod.
<a href="https://www.benzinga.com/news/24/10/41307824/nvidia-ceo-jensen-huang-praises-elon-musk-for-achieving-something-with-xai-in-19-days-that-usually-t">Read the full article here.</a>
Amazon Strikes at Nvidia&#8217;s Stronghold Through Databricks Deal
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has signed a five-year deal with data and AI startup Databricks. The deal centers around Amazon's Trainium AI chips, which offer a less expensive alternative to Nvidia Corp's popular GPUs for companies looking to customize or build their AI models.
<a href="https://www.benzinga.com/news/24/10/41337034/amazon-strikes-at-nvidias-stronghold-through-databricks-deal-cutting-ai-costs-by-40">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta Confirms Layoffs Across Instagram, WhatsApp And Reality Labs Amid Strategic Reshuffle</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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

TSLA

AI Power Demand Skyrockets, Nvidia CEO Lauds OpenAI, And Tesla's Optimus Robots Assisted By Humans: This Week In AI

During a rally in Detroit, Donald Trump greeted a packed audience after a 17-minute audio malfunction <a href="https://www.benzinga.com/general/politics/24/10/41365306/trump-to-ask-would-you-like-fries-with-that-mcdonalds-fry-cook-stint-included-in-swing-state-cam" target="_blank" rel="noreferrer noopener">prevented him from speaking</a>.
This incident marked the second time a week that a Trump rally faced disruption, a notable concern as the campaign against Vice President Kamala Harris enters its final days, <a href="https://www.nbcnews.com/politics/2024-election/trumps-detroit-rally-beset-audio-problems-rcna176201" target="_blank" rel="noreferrer noopener">reported</a> NBC News.
Recent polling suggests the race is tightly contested, making these missteps particularly impactful.
During the audio outage, Trump roamed the stage, interacting with technical staff and attendees, but refrained from mingling with the crowd. When the sound was restored, he did not hold back his frustration.
&#8220;I won&#8217;t pay the bill for this stupid company,&#8221; he declared, blaming the unnamed audio provider for the disruption, NBC News added.
He further threatened, &#8220;If it goes out again, I&#8217;ll sue the a&#8211; off that company.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/general/politics/24/10/41416506/harris-clings-to-narrow-national-lead-as-trump-gains-ground" rel="noreferrer noopener">Harris Clings To Narrow National Lead As Trump Gains Ground</a>
Despite the setback, the rally continued for another hour. However, Trump struggled to shake off the initial audio problems, lamenting that he had to &#8220;scream&#8221; to make himself heard, even after the system was back up and running.
In a lighter moment, Trump jokingly expressed his desire for Michigan Republican Senate nominee Mike Rogers to join him on stage, but quipped that he didn&#8217;t want Rogers to speak from the &#8220;crappy&#8221; microphone. Ultimately, Rogers did not make an appearance alongside Trump.
As the campaign enters its final weeks, these audio failures serve as a reminder of the challenges faced on the trail, especially in such a crucial political landscape.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/10/41347642/harris-vs-trump-vice-president-holds-lead-in-2024-election-poll-but-former-president-is-closing-" target="_blank" rel="noreferrer noopener">Harris Vs. Trump: Vice President Holds Lead In 2024 Election Poll, But Former President Is Closing The Gap</a></li>
</ul>

Media

Trump's Rally Hits a Sour Note: Audio Woes And Frustrations In Detroit

The past week has been a rollercoaster for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). The tech giant made headlines with its decision to abandon its self-driving car project, the revelation of a secret partnership with Chinese EV manufacturer BYD, and record-breaking iPhone sales. Let&#8217;s dive into the details of these stories.
Apple Abandons Autonomous Vehicle Project
Apple has officially terminated its self-driving vehicle testing permit in California, following its earlier decision to abandon its electric vehicle project. The California Department of Motor Vehicles confirmed that Apple requested the cancellation on Sept. 25, with the permit officially ending on Sept. 27. This move aligns with previous reports indicating Apple&#8217;s retreat from the electric vehicle market after a decade-long effort.
<a href="https://www.benzinga.com/news/24/10/41309072/apple-poured-1b-a-year-into-its-car-project-before-abandoning-it-tim-cooks-company-now-pulls-plug-on">Read the full article here.</a>
Apple&#8217;s Secret Partnership with BYD
In a surprising revelation, it was reported that Apple had a secret partnership with Chinese electric vehicle manufacturer BYD to create long-range electric vehicle batteries. The partnership, which started in 2017, aimed to develop a battery system using lithium iron phosphate cells. While Apple does not own any technology used in BYD's current Blade batteries, this development proves Cupertino&#8217;s efforts to produce a car.
<a href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/general/entertainment/24/10/41352155/elon-musk-applauds-spotify-after-streaming-giant-reveals-its-audiobook-catalog-has-doubled-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Applauds Spotify After Streaming Giant Reveals Its Audiobook Catalog Has Doubled To 300K Titles</a>
Record-Breaking iPhone Sales
Apple set a new sales record for its iPhone during the third quarter of 2024, coinciding with a broader recovery in the global smartphone market. According to Canalys, Apple's iPhone sales were narrowly edged out by Samsung Electronics Co. Ltd., with both tech giants capturing an 18% market share.
<a href="https://www.benzinga.com/markets/equities/24/10/41328252/apples-iphone-16-powers-record-sales-in-q3-just-behind-samsung-in-global-market-share-battle">Read the full article here.</a>
Apple&#8217;s Low-Cost Vision Pro
Apple is reportedly ramping up its efforts to compete with Meta Platforms Inc. The iPhone maker&#8217;s discounted version of the first-generation mixed-reality headset, Vision Pro, could be ready by next year. Over the weekend, it was reported that Apple's Vision Pro team is working on at least four new devices that address current criticisms.
<a href="https://www.benzinga.com/news/24/10/41306527/apples-low-cost-vision-pro-could-hit-the-shelves-next-year-everything-you-need-to-know-about-iphone">Read the full article here.</a>
Apple&#8217;s Inventory Shortage
Apple is reportedly experiencing a shortage in inventory for several of its products, leading to speculation about the imminent launch of new models. Retail inventory for several Apple products, including iMacs, MacBook Pros, Mac minis, iPad minis, and their accessories, is running low. Such inventory shortages are often indicative of a company preparing to introduce updated versions of its products.
<a href="https://www.benzinga.com/24/10/41322912/apple-to-launch-new-macbooks-pro-ipad-minis-and-imacs-analyst-says-inventory-dwindling-for-these-giz">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41399757/meta-employee-making-400k-a-year-says-they-were-fired-after-using-25-dinner-credit-to-buy-toothpaste">Meta Employee Making $400K A Year Says They Were Fired After Using $25 Dinner Credit To Buy Toothpaste</a></li>
</ul>
Photo courtesy: Unsplash
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/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple's Week In Review: From Termining Self-Driving Car Permit To Setting iPhone Sales Records

This week was a whirlwind of financial news, with billionaires clashing over political policies, renowned investors offering advice to world leaders, and economists warning against potential economic pitfalls. Let&#8217;s dive into the top stories that made headlines.
Mark Cuban And Bill Ackman Lock Horns Over Harris&#8217; Tax Proposal
Mark Cuban&nbsp;and&nbsp;Bill Ackman&nbsp;found themselves at odds over Democratic presidential candidate Kamala Harris&#8216; tax proposal for startups. Ackman, a staunch supporter of Donald Trump, labeled Harris&#8217; proposal as &#8220;extremely misleading,&#8221; sparking a heated exchange with Cuban.
<a href="https://www.benzinga.com/government/24/10/41308384/mark-cuban-clashes-with-bill-ackman-after-billionaire-fund-manager-calls-kamala-harris-startup-tax-d">Read the full article here.</a>
Ray Dalio&#8217;s Strategy For China&#8217;s Debt Crisis
Billionaire investor&nbsp;Ray Dalio&nbsp;has urged China to adopt a &#8220;beautiful deleveraging&#8221; strategy to prevent a looming debt crisis. Dalio believes that China&#8217;s recent stimulus measures should be balanced with debt restructuring, money printing, and debt monetization.
<a href="https://www.benzinga.com/markets/asia/24/10/41399024/billionaire-investor-ray-dalio-urges-xi-jinpings-china-to-implement-this-to-prevent-debt-crisis-they">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41397978/hedge-fund-billionaire-daniel-loeb-bets-on-trump-win-singles-out-this-recent-buy-as?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hedge Fund Billionaire Daniel Loeb Bets On Trump Win, Singles Out This Recent Buy As Having &#8216;Significant Upside Potential&#8217;</a>
Paul Krugman&#8217;s Warning On Trump&#8217;s Tariff Plan
Nobel laureate&nbsp;Paul Krugman&nbsp;has warned that former President Donald Trump&#8217;s proposed tariff plan could set back economic progress by 90 years and potentially ignite global conflict. Trump&#8217;s suggestion of tariffs as high as 20%, including a 60% tariff on imports from China, has been met with widespread opposition from economists.
<a href="https://www.benzinga.com/news/24/10/41395812/paul-krugman-warns-trumps-tariff-plan-could-rewind-economic-progress-90-years-and-ignite-global-conf">Read the full article here.</a>
Former FDIC Chief&#8217;s Warning To Federal Reserve
Former FDIC Chief&nbsp;Sheila Bair&nbsp;has expressed concern over the Federal Reserve&#8217;s potential rate cuts amidst a thriving economy. Despite positive economic indicators, the Federal Reserve, led by Chair Jerome Powell, is considering further rate cuts to stimulate a perceived cooling labor market.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41376158/former-fdic-chief-warns-federal-reserve-to-not-stir-the-pot-with-further-rate-cuts-">Read the full article here.</a>
Trump&#8217;s Potential Federal Reserve Pick Defends Rate Cuts
Kevin Hassett, Donald Trump&#8217;s potential nominee for the Federal Reserve, has defended the central bank&#8217;s recent interest rate reduction, despite Trump&#8217;s criticism. Hassett justified the rate cut, citing a weakening jobs market.
<a href="https://www.benzinga.com/news/24/10/41400012/trumps-potential-federal-reserve-pick-defends-rate-cuts-after-ex-president-slammed-jerome-powells-mo">Read the full article here.</a>
Read Next:&nbsp;
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<li><a href="'What Was Good For Stocks ... We Brought Into Crypto'" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Robinhood's Bitstamp Deal Will Drive Growth, Exec Says: ‘What Was Good For Stocks … We Brought Into Crypto'</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/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Cuban Vs Ackman, Dalio's Advice To China, Krugman's Warning, And More: This Week In Economics

After experiencing a significant surge on Wednesday, NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) stock is trading lower, <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">down over 5% on Thursday.</a>



Yesterday, nuclear stocks soared following Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Web Services (AWS) announced a plan to invest over $500 million in nuclear power.



AWS, Amazon&#8217;s cloud computing subsidiary, has signed three agreements to support nuclear energy development, <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41362462/why-is-nano-nuclear-energy-stock-gaining-today" rel="noreferrer noopener">including building Small Modular Reactors (SMRs).</a>



Read More:<a target="_blank" href="https://www.benzinga.com/news/24/10/41358363/nuclear-stocks-soar-as-amazon-becomes-latest-tech-giant-to-invest-in-nuclear-power" rel="noreferrer noopener"> Nuclear Stocks Soar As Amazon Becomes Latest Tech Giant To Invest In Nuclear Power</a>



This includes a deal with Energy Northwest for four SMRs generating up to 960 MW and a partnership&nbsp;Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>)&nbsp;to explore additional projects in Virginia.



The Wall Street Journal <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-10-16-2024/card/nuclear-energy-stocks-surge-after-amazon-extends-recent-frenzy-UOw6Z1uJYko1pvGmtwsY" target="_blank" rel="noreferrer noopener">reported</a> that the e-commerce giant also invested in X-energy, an SMR company involved in the Washington reactors, as part of a multi-million funding round that included Citadel CEO Ken Griffin and private-equity firm Ares Management.



Major nuclear stocks that soared following the deal are NuScale Power, Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), Nano Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>), and Lightbridge Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTBR#NASDAQ">LTBR</a>).



The deal is important as nuclear reactors produce no carbon emissions, <a target="_blank" href="https://www.cnbc.com/2024/10/16/amazon-goes-nuclear-investing-more-than-500-million-to-develop-small-module-reactors.html" rel="noreferrer noopener">per</a> a CNBC report.



In fact, the Biden administration has invested billions in clean energy production. In conjunction with this AWS announcement, U.S. Energy Secretary Jennifer Granholm stated that $900 million in new funding is now available for those aiming to deploy additional SMRs, CNBC added.



The Wall Street Journal added that the reactors are not expected to be delivered until between 2030 and 2035.



On Monday, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) announced its support for constructing seven SMRs from the startup Kairos Power in a pioneering agreement.



As the market reacts to these developments, investors will closely monitor how the nuclear sector evolves in response to increased support and funding from major tech companies.



Craig-Hallum analyst Eric Stine maintains NuScale with a Buy and raises the <a target="_blank" href="https://www.benzinga.com/quote/SMR/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$16&nbsp;to&nbsp;$21.</a> According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, SMR stock has gained over 220% in the past year.



Investors can gain exposure to the stock via Themes ETF Trust Themes Uranium &amp; Nuclear ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/URAN#BATS">URAN</a>).



Price Action: SMR shares are trading lower by 3.12% to $18.48 at last check Thursday.



Read Next:



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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41375637/market-very-convinced-of-a-trump-win-says-stanley-druckenmiller-why-billionaire-inv" target="_blank" rel="noreferrer noopener">Market &#8216;Very Convinced&#8217; Of A Trump Win, Says Stanley Druckenmiller: Why Billionaire Investor Thinks Blue Sweep Is &#8216;Highly Unlikely&#8217;</a></li>
</ul>

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