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Veren

Crescent Point Energy

hVeren Inc formerly Crescent Point Energy Corp is an independent exploration and production company. It is engaged in acquiring, developing, and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly-owned subsidiaries. The company generates maximum revenue from Oil and gas sales.

Veren Inc

Verona Pharma plc - American Depositary Shares

Verona Pharma PLC

VERANO HLDGS CORP by Verano Holdings Corp.

Verano Holdings Corp

Varonis Systems Inc

Verint Systems Inc

Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>, BEPC, TSX:<a class="ticker" href="https://www.benzinga.com/stock/BEP#TSX">BEP</a>, BEPC)))) (&quot;Brookfield Renewable&quot;) today announced that it has agreed to issue C$400 million aggregate principal amount of medium-term notes (the &quot;Notes&quot;), comprised of C$100 million aggregate principal amount of Series 17 Notes (the &quot;Series 17 Notes&quot;), due January 10, 2054, with an effective interest rate1&nbsp;of&nbsp;5.417%&nbsp;and C$300 million aggregate principal amount of Series 18 Notes (the &quot;Series 18 Notes&quot;), due October 20, 2034, which will bear interest at a rate of&nbsp;4.959%&nbsp;per annum.

News

TSX:BEP

Reported Earlier, Brookfield Renewable To Issue C$400M Green Bonds At 4.959% And 5.417% Interest Rates

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Monday confirmed that its <a href="https://www.benzinga.com/news/24/07/39746357/tesla-ceo-elon-musk-says-fsd-improvement-takes-longer-now-stays-mum-on-reports-of-robotaxi-event-bei">robotaxi unveiling event</a> has been delayed to deploy some design changes to the vehicle. 
What Happened: &#8220;Requested what I think is an important design change to the front, and extra time allows us to show off a few other things,&#8221; Musk said about delaying the robotaxi unveiling event initially scheduled for Aug. 8. The CEO, however, did not provide fresh dates for the event. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Requested what I think is an important design change to the front, and extra time allows us to show off a few other things
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1812883378703925625?ref_src=twsrc%5Etfw">July 15, 2024</a></blockquote>
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Musk&#8217;s confirmation comes on the heels of a media report from last week that said that the company has <a href="https://www.benzinga.com/markets/equities/24/07/39742334/teslas-broken-promises-comment-by-ross-gerber-sparks-fiery-response-from-dan-ives-2-month-robota">delayed its robotaxi unveiling event</a>, initially scheduled for Aug. 8, by two months to October. The postponement of dates is to allow teams working on the project to build more prototypes, Bloomberg <a href="https://www.benzinga.com/markets/equities/24/07/39735115/tesla-to-delay-robotaxi-plans-by-2-months-stock-slides">reported</a>, citing people familiar with the matter.
Neither Tesla nor Musk had confirmed the report until now. 
Why It Matters: While other players like Waymo, Cruise, and Zoox have all revealed <a href="https://www.benzinga.com/news/24/07/39658817/elon-musk-denies-rumors-of-uber-co-founder-travis-kalanick-joining-tesla-to-lead-its-robotaxi-effort">driverless robotaxi designs</a> with no steering wheels, Tesla would be the first with sufficient manufacturing capability to produce the design at scale, according to Ark Invest&#8217;s Brett Winton. Unlike many investors who were disappointed at the delay, Winton is positive about the delay, which he deems is about the company taking the time to get it right. 
Winton thinks that Tesla likely delayed the event to ensure that the new vehicle design is close to the one that the company will eventually produce at scale, while also aligning it with its progress on the full self-driving (FSD) driver assistance software. Tesla is currently ramping up the capabilities of FSD toward vehicle autonomy. The two-month delay might be to align FSD milestones with the robotaxi unveiling event, he opined. 
&#8220;In our view, its robotaxi service could be one of the most profound business transformations in history, moving Tesla from the one-time sale of vehicles to a recurring revenue model involving platform fees for every commercial mile,&#8221; Winton wrote in Ark&#8217;s weekly newsletter published earlier this week.
Price Action: Tesla shares closed up 1.8% at $252.64 on Monday and rose 0.9% after hours. The stock is up 1.7% year-to-date, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39767118/elon-musk-says-spacex-making-important-design-changes-to-starship-ahead-of-its-fifth-test-flight">Elon Musk Says SpaceX Making &#8216;Important&#8217; Design Changes To Starship Ahead Of Its Fifth Test Flight</a></li>
</ul>
Image generated using Midjourney

Tech

TSLA

Elon Musk Confirms Delay In Tesla Robotaxi Unveil Due To 'Important Design Change,' But Stays Mum On New Timeline

Jewett-Cameron Trading (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCTCF#NASDAQ">JCTCF</a>) reported quarterly earnings of $0.04 per share. This is a 80.95 percent decrease over earnings of $0.21 per share from the same period last year. The company reported $15.90 million in sales this quarter. This is a 16.10 percent decrease over sales of $18.95 million the same period last year.

Earnings

JCTCF

Jewett-Cameron Trading Q3 EPS $0.04 Down From $0.21 YoY, Sales $15.90M Down From $18.95M YoY

ALGT

Allegiant Expands Network With Eight New Routes, Offering $39 One-Way Fares To 13 Cities

Several major record labels have filed a lawsuit against Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), one of the largest internet service providers in the U.S., for allegedly facilitating &#8220;massive copyright infringement&#8221; by its subscribers. The lawsuit, filed on Friday, <a href="https://www.benzinga.com/news/24/07/39779025/verizon-and-at-t-clash-over-14b-firstnet-spectrum-proposal">seeks over $2 billion in damages</a>.
What Happened: The lawsuit, filed on Friday in New York, accuses Verizon of being complicit in widespread copyright infringement by its subscribers, <a href="https://www.musicbusinessworldwide.com/record-labels-say-theyve-sent-hundreds-of-thousands-copyright-infringement-notices-to-verizon-now-theyre-suing-the-internet-provider-for-over-2bn1/">reported</a> Music Business Worldwide. The plaintiffs include major record labels such as Sony Music, Universal Music Group, Warner Music Group, and ABKCO MUSIC.
The labels claim that Verizon knowingly provides high-speed internet to a large community of online pirates who repeatedly use the service to infringe on the labels&#8217; copyrights. Despite receiving &#8220;hundreds of thousands of copyright infringement notices&#8221; over the past few years, Verizon allegedly failed to take the required action.
The lawsuit further alleges that Verizon continued to provide its high-speed service to known repeat infringers, allowing them to &#8220;continue to collect millions of dollars&#8221; while ignoring the law. The labels claim to have sent over 340,000 infringement notices to Verizon since early 2020.
The labels seek up to $150,000 in statutory damages for each violation, potentially adding up to $2.6 billion based on the list of allegedly infringed works. The lawsuit accuses Verizon of ignoring the infringement notices and prioritizing its profits over its legal obligations.
See Also: <a href="https://www.benzinga.com/news/24/07/39742991/elon-musk-surprised-to-learn-tesla-influencer-earns-50-100-times-more-at-youtube-than-at-x-wow-you-r?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Surprised To Learn Tesla Influencer Earns 50-100 Times More At YouTube Than At X: &#8216;Wow, You Really Get So Much&#8230;&#8217;</a>
Why It Matters: This lawsuit adds to a series of legal actions filed by record companies against ISPs in the U.S. Other ISPs, including Bright House Networks, Grande Communications, and Cox Communications, have also faced similar allegations.
In 2019, a court ordered Cox to pay the labels total damages of around $1 billion, but in February of this year, the court struck down the verdict. In March, a U.S. federal appeals court turned down a request to rehear a ruling from February, in which it overturned the $1 billion award against Cox.
Meanwhile, Altice USA, a cable television provider, was also hit with two copyright infringement suits over its subscribers' alleged music piracy, with music companies including BMG, Universal Music, Capitol Records, and Concord Music Group seeking $1.6 billion in one case, and Sony Music and Warner Music Group seeking $1.6 billion in another.
These lawsuits reflect a growing trend of record companies holding ISPs accountable for copyright infringement by their subscribers.
This lawsuit comes at a time when Verizon Communications is already <a href="https://www.benzinga.com/news/24/07/39779025/verizon-and-at-t-clash-over-14b-firstnet-spectrum-proposal">under significant scrutiny</a> and facing competitive pressures. Recently, Verizon and AT&amp;T clashed over a $14 billion FirstNet spectrum proposal aimed at enhancing services for emergency responders. 
Additionally, Goldman Sachs <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39604348/telecom-stocks-set-to-soar-goldman-sachs-previews-verizon-at-t-t-mobiles-upcoming-e">recently previewed upcoming earnings</a> for major telecom players, including Verizon. Analyst James Schneider noted that the wireless telecom sector is poised for growth, driven by positive market dynamics and competitive pricing actions.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39765031/at-t-reportedly-pays-hacker-about-400k-to-wipe-stolen-data-security-expert-says-it-was-drop-in-the-o?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AT&amp;T Reportedly Pays Hacker About $400K To Wipe Stolen Data, Security Expert Says It Was &#8216;Drop In The Ocean&#8217; For The Company: Here&#8217;s Why</a></li>
</ul>
Photo courtesy: Flickr
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Entertainment

Equities

Legal

Markets

Record Labels Sue Verizon For $2.6B Alleging 'Massive Copyright Infringement'

<ul>
<li>First and only NMPA-approved subcutaneous (SC) injectable providing additional flexibility and optionality for gMG patients in China</li>
<li>Consistent clinical benefit and safety profile of efgartigimod SC compared to IV demonstrated in Phase 3 ADAPT-SC study</li>
</ul>

ARGX

ZLAB

Zai Lab And argenx Get Approval For Efgartigimod Alfa SC Injection For Generalized Myasthenia Gravis In China

Michael Dell, founder of Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), grabbed headlines again for his bullish view on the world's largest cryptocurrency, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: The tech entrepreneur was reacting to a video in which BlackRock CEO Larry Fink <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39779164/bitcoin-is-a-legitimate-financial-instrument-says-blackrock-ceo-larry-fink">acknowledged Bitcoin as a legitimate financial instrument</a>.&nbsp;
Dell wrote "Fascinating Bitcoin" in response, indicating his support for Fink's stance on the cryptocurrency. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Fascinating <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/LYzl423eBm">pic.twitter.com/LYzl423eBm</a>
&mdash; Michael Dell (@MichaelDell) <a href="https://twitter.com/MichaelDell/status/1812895900068442621?ref_src=twsrc%5Etfw">July 15, 2024</a></blockquote>
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See Also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39359780/dogecoin-shiba-inu-floki-are-dino-coins-says-trader-he-likes-these-3-other-meme-coins-as-b?itm_source=parsely-api"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39785340/trumps-vice-presidential-pick-j-d-vance-holds-bitcoin-supports-pro-crypto-legislation">Trump&#8217;s Vice Presidential Pick J.D. Vance Holds Bitcoin, Supports Pro-Crypto Legislation</a>
Why It Matters: Of late, the billionaire businessman has indicated a possible interest in the digital currency through a series of social media interactions.
Last month, he shared a digitally modified image of <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39439756/michael-dell-interested-in-bitcoin-says-scarcity-creates-value-and-michael-saylor-agrees">Sesame Street's Cookie Monster, depicted as consuming Bitcoin instead of cookies.</a>
He launched a poll asking his followers about the "most important thing." <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39570418/michael-dells-bullish-bitcoin-stance-renews-interest-in-king-crypto-heres-how-much-youd-ha">The highest number of votes was secured by Bitcoin</a>, among options that also included AI.
Bitcoin supporters have seized on these signals, considering them as possible evidence that Dell Technologies, like <a href="https://www.benzinga.com/24/07/39730197/bitcoin-development-company-microstrategy-announces-10-for-1-stock-split">MicroStrategy</a>, may include the world&#8217;s largest digital asset on its balance sheet.&nbsp;&nbsp;
Price Action: At the time of writing, Bitcoin is exchanging hands at $64,576.74, up 3.27% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Shares of Dell closed 1.66% lower at $137.25 during Monday's regular trading session.
Photo courtesy: Oracle PR on Flickr
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39785549/pepe-dogwifhat-floki-explode-amid-searing-memecoin-rally-dogecoin-shiba-inu-rise-as-well">Pepe, dogwifhat, Floki Explode Amid Searing Memecoin Rally — Dogecoin, Shiba Inu Rise As Well</a></li>
</ul>

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

Cryptocurrency

$BTC

DELL

Michael Dell Calls Bitcoin 'Fascinating' Amid BlackRock CEO's Bullish Stance — Tech Billionaire's Crypto Interest Rising?

Jim Cramer has identified a list of stocks that could experience significant gains or losses if Donald Trump secures the 2024 presidential election.
What Happened: Cramer, the host of &#8220;Mad Money,&#8221; highlighted the potential stock market impacts of a Trump re-election on his show. He noted that the recent assassination attempt on Trump has led to increased speculation about his chances of winning against President Joe Biden in the upcoming election, <a href="https://www.cnbc.com/2024/07/15/cramer-names-stocks-that-could-rally-or-fall-if-trump-wins-in-2024.html">reported</a> CNBC.
"After this weekend, it sure seems like the Trump stocks are back," Cramer said. "Just keep in mind that plenty of companies are great enough to transcend politics, and sometimes what counts as a Trump stock can change on a dime."
Cramer suggested that Trump&#8217;s administration would likely be more amenable to mergers and acquisitions, which could benefit major investment banks such as JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), and Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>). 
He also predicted that environmental policy changes under a Trump administration could negatively impact companies like Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), Solaredge Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), Sunrun Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), and Sunnova Energy International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>).
"Eight years ago, in a moment gripped by political fever, I put a button on my sound board that said ‘Trump stock, Trump stock,' Cramer said. "After this weekend's events, it looks like I have to bring it back."
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39773480/nvidias-stock-surge-raises-concentration-risks-for-investors-warns-analyst-not-smar?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Stock Surge Raises Concentration Risks For Investors, Warns Analyst: Not &#8216;Smart&#8230;To Have That Many Eggs In One Basket</a>&#8216;
Why It Matters: Cramer has previously emphasized the potential benefits of a <a href="https://www.benzinga.com/personal-finance/24/07/39647221/jim-cramer-says-trumps-return-to-white-house-could-be-good-for-your-portfolio-hate-him-or-like-h">Trump presidency for the stock market</a>. Cramer in July suggested that Trump&#8217;s return to the White House could be &#8220;good for your portfolio,&#8221; citing Trump&#8217;s focus on stock market performance as a key factor.
Moreover, Cramer has highlighted JPMorgan as a significant <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39736673/jim-cramer-the-biggest-beneficiary-of-ai-is-going-to-be-jpmorgan">beneficiary of the AI boom</a>. He predicted that the company would reap substantial benefits from advancements in AI technology, which could be further amplified under a Trump administration.
Recent events have also influenced market sentiment. An <a href="https://www.benzinga.com/government/24/07/39778541/trump-shooting-recalls-memories-of-reagan-assassination-attempt-heres-how-markets-react-to-political">assassination attempt on Trump</a> on Jul. 13, has led to increased optimism about his chances of winning the 2024 election. This has resulted in a rally for <a href="https://www.benzinga.com/news/24/07/39771537/trump-media-other-trump-linked-stocks-rally-after-assassination-attempt-on-former-president">Trump-linked stocks</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39770159/why-tesla-shares-are-shooting-up-in-premarket?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Why Tesla Shares Are Shooting Up In Premarket</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Analyst Ratings

ENPH

NOVA

SEDG

Jim Cramer Says These Stocks Could Soar Or Sink If Trump Wins 2024 Election

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Japan Tertiary Industry Activity Index (MoM) -0.4% Vs. 0.1% Est.; 1.9% Prior

The injection of positive volatility sent memecoins rallying Monday, with coins from the sector emerging as the cryptocurrency market's biggest gainers.&nbsp;
What Happened: Frog-themed Pepe was the best-performing cryptocurrency in the last 24 hours, with gains upwards of 25%. Its trading volume surged 90% to $1.5 billion, making it the most-traded memecoin over the last 24 hours.&nbsp;
Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based dogwifhat was the second-highest gainer on the day, followed by Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based Floki. Both dog-themed coins recorded healthy upticks in 24-hour trading volumes.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:00 p.m. EDT)</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>+25.01%</td>
<td>$0.00001221</td>
</tr>
<tr>
<td>dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+22.50%</td>
<td>$2.18</td>
</tr>
<tr>
<td>Floki (FLOKI)</td>
<td>+22.19%</td>
<td>$0.0001881</td>
</tr>
</tbody>
</table>
</figure>
Additionally, blue-chip memecoins in the market also registered significant spikes. Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) jumped more than 10% to $0.00001988, while pioneer Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) soared 7% to $0.1261.
See Also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39359780/dogecoin-shiba-inu-floki-are-dino-coins-says-trader-he-likes-these-3-other-meme-coins-as-b?itm_source=parsely-api"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39778081/flokis-20-gains-race-past-dogecoin-shiba-inu-and-it-could-pump-hard-over-the-coming-months">Floki&#8217;s 20% Gains Race Past Dogecoin, Shiba Inu And It Could &#8216;Pump Hard Over The Coming Months,&#8217; Trader Predicts</a>
Why It Matters: The memecoin bull run comes amid p<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39785188/bitcoin-ethereum-dogecoin-extend-rally-triggered-by-failed-trump-assassination-attempt-ana">ositive momentum in the cryptocurrency market </a>following the foiled assassination attempt of pro-cryptocurrency presidential nominee Donald Trump.
Additionally,<a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39779256/powell-praises-latest-inflation-progress-hints-at-imminent-rate-cuts-warns-hes-ve"> dovish comments by Federal Reserve Chair Jerome Powell</a> helped accelerate investments in this highly speculative and risky category of financial instruments.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39784783/ethereum-spot-etfs-likely-to-start-trading-by-july-23-provided-no-unforeseeable-last-min-i">Ethereum Spot ETFs Likely To Start Trading By July 23 Provided &#8216;No Unforeseeable Last Min Issues&#8217; Occur</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

$PEPE

$SHIB

$SOL

$WIF

Pepe, dogwifhat, Floki Explode Amid Searing Memecoin Rally — Dogecoin, Shiba Inu Rise As Well

The activist hedge fund Starboard Value which was founded in 2002 by Jeffrey Smith and Mark Mitchell with Smith serving as CEO has acquired a substantial stake in Match Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>), the parent company of Tinder. The fund is urging Match Group to enhance its margins or consider a sale if the proposed changes do not yield the desired results.
What Happened: Starboard Value has taken a keen interest in Match Group. The hedge fund has accumulated a stake of over 6.5% in the online dating company and is advocating for a potential sale if the company&#8217;s performance does not improve, The Wall Street Journal <a href="https://www.wsj.com/business/deals/starboard-builds-big-stake-in-tinder-parent-match-59b0a176?mod=latest_headlines">reported</a> on Monday, citing people familiar with the matter.
Match Group has been the focus of other activist investors, including Elliott Investment Management. The company&#8217;s shares have declined by approximately 12% this year, leading to a market capitalization of $8.5 billion.
Starboard is of the opinion that Match Group should concentrate on enhancing Tinder, which contributes more than half of the company&#8217;s total revenue. The fund suggests achieving this through product innovation and cost reductions. Starboard also sees potential in the Hinge business and Match Group&#8217;s other emerging apps.
Additionally, Starboard is advocating for more aggressive share buybacks by Match Group. If these changes are not implemented successfully, Starboard suggests that Match Group should consider going private.
A Match Group spokesperson stated that the company is &#8220;relentlessly focused on executing our key initiatives, which include: driving growth at Tinder, continuing Hinge's impressive expansion, maintaining appropriate financial discipline, and returning capital to our shareholders.&#8221;
 Starboard Value, Match Group, and Tinder did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39760814/benzinga-bulls-and-bears-apple-nvidia-palantir-microstrategy-and-shiba-inus-ambitious-tril?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple, Nvidia, Palantir, MicroStrategy And Shiba Inu&#8217;s Ambitious Trillion-Dollar Vision: Benzinga Bulls And Bears</a>
Why It Matters: Match Group, which also owns dating platforms such as OkCupid and Plenty of Fish, has seen a significant shift in its market performance. The company&#8217;s market capitalization soared above $40 billion in 2021, but a decline in active users and inflated costs have since impacted its shares.
Starboard&#8217;s move to push for strategic changes in Match Group&#8217;s operations is indicative of the growing influence of activist investors in the tech sector. This trend is also evident in other companies, such as GoDaddy and Splunk, where Starboard has recently been active, according to the report.
Match Group reported its first quarter in May, the revenue came in at $787.12 million, missing the consensus of $793.87 million&nbsp;and representing a 2% decline from the <a href="https://www.benzinga.com/news/earnings/23/05/32173628/why-tinder-parent-match-stock-is-trading-higher-after-hours-today">same period last year</a>.
Price Action: Match Group&#8217;s stock closed at $32.02 on Monday, marking a decrease of 0.81% for the day. In after-hours trading, the stock surged to $34.76, reflecting an increase of 8.56%. Year to date, Match Group has declined by 12.06%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><a href="https://www.benzinga.com/markets/equities/24/07/39770159/why-tesla-shares-are-shooting-up-in-premarket?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Why Tesla Shares Are Shooting Up In Premarket</a>
</blockquote>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Social Media

MTCH

Tinder Parent Match Group Soars Nearly 9% In After-Hours Trading As Activist Hedge Fund Starboard Value, Led By Jeffrey Smith, Reportedly Acquires Over 6.5% Stake Amid Calls For Policy Changes

Mark Cuban, the billionaire entrepreneur and television personality, has issued a warning about the potential influence of AI algorithms on the upcoming 2024 election.
What Happened: Cuban, who is known for his role on ABC&#8217;s &#8220;Shark Tank,&#8221; took to his social media platform X to express his concerns about the role of AI algorithms in shaping public opinion and potentially steering the outcome of the 2024 election. 
He suggested that the narratives delivered by these algorithms might be more influential than the actual events and the policies or personalities of the candidates.
&#8220;This seems to be to be a race where everyone&#8217;s frame of reference is influenced more by the narratives delivered by the algorithms we consume than the actual events themselves,&#8221; Cuban wrote in a post on X.
He added, &#8220;This is the first AI driven election season where policy and personalities mean nothing and algorithms drive everything.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here is my unpopular on <a href="https://twitter.com/X?ref_src=twsrc%5Etfw">@X</a> opinion on this political cycle: &quot;This seems to be to be a race where everyone&#39;s frame of reference is influenced more by the narratives delivered by the algorithms we consume than the actual events themselves. Those algorithms evolve as new…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1812892548018692253?ref_src=twsrc%5Etfw">July 15, 2024</a></blockquote>
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Cuban also highlighted the significant influence of those who control the algorithms for major online platforms and those who can manipulate these algorithms to their advantage.
The 2024 election, scheduled for Tuesday, Nov. 5, 2024, will determine the next President of the United States, who will begin a four-year term in the White House starting January 2025. Former President Donald Trump is gearing up for a rematch against the incumbent, Joe Biden.
See Also: <a href="https://www.benzinga.com/news/24/07/39765031/at-t-reportedly-pays-hacker-about-400k-to-wipe-stolen-data-security-expert-says-it-was-drop-in-the-o?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AT&amp;T Reportedly Pays Hacker About $400K To Wipe Stolen Data, Security Expert Says It Was &#8216;Drop In The Ocean&#8217; For The Company: Here&#8217;s Why</a>
Why It Matters: Cuban&#8217;s warning comes amid a growing concern over the potential impact of AI and algorithms on elections and public opinion. Earlier this year, former Secretary of State Hillary Clinton and U.S. election officials voiced concerns about the potential threat of AI-generated disinformation on the <a href="https://www.benzinga.com/markets/equities/24/03/38013364/hilary-clinton-sounds-alarm-over-ai-generated-disinformation-ahead-of-2024-elections-anybody-who">2024 presidential election</a>.
Meanwhile, tech leaders like Elon Musk have been at the center of debates over AI and election interference. Musk <a href="https://www.benzinga.com/news/24/03/37639890/elon-musk-slams-aoc-after-ny-rep-makes-election-interference-allegations-about-x-i-made-the-algorith">responded to allegations</a> of election interference made by Rep. Alexandria Ocasio-Cortez (D-N.Y.) by stating that he had made the algorithm open source and neutral.
In June, Cuban employed OpenAI&#8216;s ChatGPT to <a href="https://www.benzinga.com/news/24/06/39566942/mark-cuban-asked-chatgpt-to-analyze-first-trump-biden-debate-and-judge-the-duos-communication-skills">analyze the first Trump-Biden debate</a> and judge the duo&#8217;s communication skills and professionalism. This move was seen as a demonstration of the increasing role of AI in shaping public opinion and potentially influencing elections.
In addition, the &#8220;Godfather of AI&#8221; and Meta Platforms Inc. chief AI scientist Yann LeCun has dismissed the possibility of <a href="https://www.benzinga.com/news/24/03/37640825/is-it-possible-to-make-an-unbiased-ai-system-godfather-of-ai-working-at-meta-says-absolutely-not">creating an unbiased AI system</a>. LeCun discussed the inherent biases in AI systems and the challenges in developing truly neutral algorithms.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39762765/apple-vision-pro-sales-fall-short-iphone-16-camera-upgrades-and-more-this-week-in-appleverse?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Vision Pro Sales Fall Short, iPhone 16 Camera Upgrades And More: This Week In Appleverse</a></li>
</ul>
Image Via Wikimedia 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Politics

Mark Cuban Sounds Alarm On AI Steering 2024 Election Season, Including Trump-Biden Presidential Race: 'Algorithms Drive Everything'

Senator J.D. Vance (R-Ohio) has been <a href="https://www.benzinga.com/general/politics/24/07/39780777/trump-picks-senator-j-d-vance-as-running-mate-musk-says-great-choice-for-vp">announced</a> as former President Donald Trump's running mate. He is known for his pro-cryptocurrency leanings. 
What Happened: Vance holds over $100,000-$250,000 in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), according to his latest financial disclosures.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">According to his most recent financial disclosure last year, Trump&#39;s Vice President pick <a href="https://twitter.com/JDVance1?ref_src=twsrc%5Etfw">@JDVance1</a> is a bitcoiner. <a href="https://t.co/p5h7EWOIE6">pic.twitter.com/p5h7EWOIE6</a>
&mdash; Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1812933682988019898?ref_src=twsrc%5Etfw">July 15, 2024</a></blockquote>
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Additionally, the Republican senator has promoted legislation considered favorable to the cryptocurrency industry. As per a <a href="https://www.politico.com/news/2024/06/26/vance-crypto-00164859">report </a>by Politico, Vance is working on a bill that will regulate how the asset class would be regulated in the U.S.
The bill would reportedly lay out clear guidelines on the roles of SEC and CFTC, and is said to be an <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39004550/exclusive-all-you-need-to-know-about-the-fit21-crypto-bill">improved version of the FIT21</a>, passed by the House earlier in May.
Vance has also been critical of SEC Chair Gary Gensler's approach to cryptocurrency regulation, calling it the "exact opposite of what it should be."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JD Vance is not a fan of Gary Gensler or his approach to Crypto regulation <a href="https://t.co/BjWQVbSGHw">https://t.co/BjWQVbSGHw</a>
&mdash; James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1812974454911475738?ref_src=twsrc%5Etfw">July 15, 2024</a></blockquote>
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See Also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39359780/dogecoin-shiba-inu-floki-are-dino-coins-says-trader-he-likes-these-3-other-meme-coins-as-b?itm_source=parsely-api"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39764702/bitcoin-ethereum-dogecoin-recover-as-market-reacts-positively-to-trump-escaping-assassinat">Bitcoin, Ethereum, Dogecoin Recover As Market Reacts Positively To Trump Escaping Assassination Attempt: Analyst Predicts King Crypto&#8217;s Pullback Before Rise To $63.8K</a>
Why It Matters: The appointment of Vance is the latest in a string of pro-cryptocurrency signals put forward by Trump, who has actively sought to rally support for the idea.
Whether it&#8217;s his reassurances about making the <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38723503/trump-pledges-to-make-sure-you-can-donate-using-crypto-to-his-2024-campaign-unwittingly-se">U.S. a crypto-friendly destination</a>, positioning himself as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39239552/trump-declares-himself-crypto-president-after-raising-12m-at-vc-hosted-san-francisco-fundr">&#8220;crypto president,&#8221;</a> or accepting political donations in cryptocurrencies, the positive campaigning has helped build support among advocates of the asset class.
Price Action: At the time of writing, Bitcoin was exchanging hands at $64,669.24, rising 3.62% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Trump-inspired Maga Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) is up 11.64% as of this writing.
Photo Courtesy: lev radin on Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39781504/bitcoins-key-level-to-hold-for-bearish-traders-to-enter-cope-territory">Bitcoin&#8217;s Key Level To Hold For Bearish Traders To Enter &#8216;Cope Territory&#8217;</a></li>
</ul>

$TRUMP

Trump's Vice Presidential Pick J.D. Vance Holds Bitcoin, Supports Pro-Crypto Legislation

President Joe Biden took to X to assert his accomplishments in office, despite concerns about his age and fitness for the role.
What Happened: On Monday, Biden said in a post, &#8220;I've been doing this a long time, I know I'm not a young guy. But I've gotten more done than any president has in a long, long time. I'm willing to be judged on that.&#8221;
Biden shared a video excerpt of an NBC interview with NBC anchor Lester Holt in the post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I've been doing this a long time, I know I'm not a young guy. But I've gotten more done than any president has in a long, long time. I'm willing to be judged on that.<a href="https://t.co/HilcERFprR">pic.twitter.com/HilcERFprR</a>
&mdash; Joe Biden (@JoeBiden) <a href="https://twitter.com/JoeBiden/status/1813034764070494570?ref_src=twsrc%5Etfw">July 16, 2024</a></blockquote>
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The post on the Elon Musk-owned social media platform comes amidst growing concerns about his age and fitness to serve as president. Recent polls have shown a decline in voters' confidence in Biden&#8217;s mental and physical fitness, particularly after his performance in the initial 2024 presidential debate.
See Also: <a href="https://www.benzinga.com/general/education/24/07/39761038/charlie-munger-said-trump-was-right-on-having-way-more-control-over-our-borders-they-hate-him-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Charlie Munger Said Trump Was &#8216;Right&#8217; On Need For Having &#8216;Way More Control Over Our Borders&#8217;: &#8216;They Hate Him So Much That They&#8217;re Against Him Even When He&#8217;s Right&#8217;</a>
Why It Matters: Biden&#8217;s tweet appears to be a response to these concerns. Despite the criticism, Biden still <a href="https://www.benzinga.com/news/24/07/39764047/trump-vs-biden-one-candidate-leaps-ahead-of-another-in-latest-survey">enjoys a 10-point lead</a> among self-identified Democratic voters, according to a Fox News poll.
However, the same poll reveals that a significant majority of voters are concerned that Biden's age could pose a threat to national security. The poll was carried out after the first debate and before the attempted assassination on former President Donald Trump.
Following the assassination attempt, Biden <a href="https://www.benzinga.com/news/24/07/39764815/trump-responds-to-bidens-call-for-unity-following-assassination-attempt-unite-america">called for unity</a>, to which Trump responded with a two-word message: &#8220;Unite America!&#8221;
Read Next:
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<li> <a href="https://www.benzinga.com/news/24/07/39768877/anthony-scaramucci-warns-bidens-path-to-presidency-winds-down-with-loss-in-any-of-these-3-key-battle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Warns Biden&#8217;s Path To Presidency Winds Down With Loss In Any Of These 3 Key Battleground States: &#8216;Donald Trump Is…Framing The Narrative And Whether You Like It Or Not&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Biden Says He's Only 3-Year Older Than Trump: 'I Know I'm Not A Young Guy But ...'

The future of AI, simulation, and the role of research in the graphics and technology intersection will be the focus of a public fireside chat between NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) founder and CEO Jensen Huang and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) founder and CEO Mark Zuckerberg at the upcoming SIGGRAPH 2024 conference.
What Happened: The two tech leaders will be discussing the future of AI and simulation at the SIGGRAPH graphics conference in Denver on Jul. 29, according to an Nvidia <a href="https://blogs.nvidia.com/blog/huang-zuckerberg-siggraph-2024/">blog</a> post. The conference is scheduled for Jul. 28 to Aug. 1, and will also feature a fireside chat on AI and graphics for the new computing revolution.
The conference will highlight SIGGRAPH&#8217;s ongoing role in technological innovation, with nearly 100 exhibitors showcasing the future of graphics. 
The SIGGRAPH Innovation Zone will feature startups at the forefront of computing and graphics, offering insights into the technological horizon from industry leaders like Huang.
ACM SIGGRAPH hosts SIGGRAPH 2024, the premier global conference for computer graphics and interactive techniques. For over 50 years, it has led in identifying industry trends. The 51st annual event focuses on innovation in real-time graphics, art, and systems, enhancing human interactions and spectator experiences.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39760814/benzinga-bulls-and-bears-apple-nvidia-palantir-microstrategy-and-shiba-inus-ambitious-tril?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple, Nvidia, Palantir, MicroStrategy And Shiba Inu&#8217;s Ambitious Trillion-Dollar Vision: Benzinga Bulls And Bears</a>
Why It Matters: The upcoming fireside chat between Huang and Zuckerberg is a continuation of their public interactions. In April, Zuckerberg revealed the &#8220;secret ingredient&#8221; behind his <a href="https://www.benzinga.com/general/entertainment/24/04/38345794/mark-zuckerberg-spills-the-beans-on-his-bromance-with-nvidias-jensen-huang-hell-yeah-lets-m">close relationship with Huang</a>, which revolves around a shared love for cheesesteaks. The two tech leaders, who are both at the helm of trillion-dollar companies, often bond over food.
Earlier in the year, Zuckerberg <a href="https://www.benzinga.com/news/24/03/37974918/mark-zuckerberg-dons-nvidia-ceo-jensen-huangs-iconic-leather-jacket-in-viral-photo-calls-him-taylor">swapped jackets</a> with Huang, sparking a social media frenzy. The SIGGRAPH conference will provide a platform for the two leaders to delve into the future of graphics and technology, a topic that has been at the forefront of their public interactions.
Despite the ongoing discussions about the future of technology, a recent <a href="https://www.benzinga.com/general/education/24/07/39784272/exclusive-benzinga-readers-most-want-to-work-for-musk-over-zuckerberg-cook-huang-bezos-but-who-">Benzinga reader survey</a> revealed that readers most want to work for Tesla Inc. CEO Elon Musk over Zuckerberg, Apple Inc. CEO Tim Cook, Huang, and Amazon.com founder Jeff Bezos. This indicates that while the tech industry is keen on the future of technology, the appeal of working with specific tech leaders varies.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39761977/trumps-crypto-portfolio-takes-a-hit-robert-kiyosaki-bats-for-bitcoin-and-more-top-crypto-u?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Portfolio Takes A Hit, Robert Kiyosaki Bats For Bitcoin And More: Top Crypto Updates This Week</a></li>
</ul>
Image Via Flickr 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

NVDA

Nvidia CEO Jensen Huang And Meta's Mark Zuckerberg Set To Discuss Future Of AI And Simulation At SIGGRAPH 2024

DA Davidson analyst Linda Bolton Weiser maintains Estee Lauder Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) with a Buy and maintains $191 price target.

Price Target

DA Davidson Maintains Buy on Estee Lauder Cos, Maintains $191 Price Target

Chardan Capital analyst Geulah Livshits maintains Lexeo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEO#NASDAQ">LXEO</a>) with a Buy and maintains $23 price target.

LXEO

Chardan Capital Maintains Buy on Lexeo Therapeutics, Maintains $23 Price Target

The Bitcoin market maintained its strong weekend momentum into Monday, as Donald Trump&#8217;s failed assassination attempt and Federal Reserve Chair Jerome Powell&#8217;s positive speech bolstered risk appetite.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 9 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+5.49%</td>
<td>$64,584.97</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+5.72%</td>
<td>$3,467.60</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+7.49%</td>
<td>$0.1249</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin shot past $64,000 for the first time in three weeks, extending a rally triggered after former President <a href="https://www.benzinga.com/news/24/07/39779392/secret-service-failure-to-prevent-trump-shooting-under-scrutiny-by-democrats-republicans-we-cant-all">Donald Trump survived an assassination attempt at an election rally.</a> The King Crypto is up 12% since this event.
Ethereum got a boost after experts zeroed in on the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39784783/ethereum-spot-etfs-likely-to-start-trading-by-july-23-provided-no-unforeseeable-last-min-i">July 23 launch of its spot ETF products</a>. The world's second-largest cryptocurrency entered the $3,400 zone for the first time since June 3.
Over $184 million locked in derivatives positions was liquidated in the last 24 hours, with bearish traders losing nearly $150 million of the total.&nbsp;
The upsurge resulted in a 5.25% spike in Bitcoin's Open Interest, signaling an influx of fresh money into the market.
That said, the number of traders taking upside bets for the asset dropped vis-à-vis those opening bearish bets.&nbsp;
The Cryptocurrency Fear and Greed Index flashed &#8220;Greed&#8221; as of this writing, indicating a huge shift in market sentiment following last week&#8217;s fear and anxiety.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9 p.m. EDT)</td>
</tr>
<tr>
<td>Pepe (PEPE)</td>
<td>+22.47%</td>
<td>$0.000001098</td>
</tr>
<tr>
<td>Brett (Based) (BRETT)</td>
<td>+21.41%</td>
<td>$0.1468</td>
</tr>
<tr>
<td>dogwifhat (WIF)</td>
<td>+21.34%</td>
<td>$2.16</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap surged 5.35% in the last 24 hours to hit $2.37 trillion.
Stocks started the week on a high. The Dow Jones Industrial Average soared 210.82 points, or 0.53%, to close at 40,211.72. The blue-chip index hit a new intraday high during the session. The S&amp;P 500 gained 0.28% to end at 5,631.22, while the tech-heavy Nasdaq Composite added 0.40% to close at 18,472.57.
The rally <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39764702/bitcoin-ethereum-dogecoin-recover-as-market-reacts-positively-to-trump-escaping-assassinat">comes in response</a> to Trump surviving an attempt on his life, with investors betting on big political gains for the Republican presidential nominee leading into the polls later this year.
Additionally, the market considered the <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39779256/powell-praises-latest-inflation-progress-hints-at-imminent-rate-cuts-warns-hes-ve">dovish comments from Federal Reserve Chair Jerome Powell,</a> who expressed confidence that inflation is moving toward the 2% target.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely-followed cryptocurrency trader Altcoin Sherpa asked investors to exercise caution, saying, "I don&#8217;t think we&#8217;re necessarily out of the woods yet."
He added that an ideal scenario for Bitcoin would be to chop in the $60,000 &#8211; $61,000 zone and then retest. "More time spent here is better for a more sustainable bottom," the trader remarked.
The firm forecasted that developments around U.S. politics will continue to influence the market, at least for the rest of the year.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>: Here is what you basically want to see for the next dip (wherever it happens): you want to see 60-61k hold strongly and form some sort of bottom after some chop. More time spent here is better for a more sustainable bottom. What you don&#39;t want to see: weak bounce followed… <a href="https://t.co/d5OVjH6P6r">pic.twitter.com/d5OVjH6P6r</a>
&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1813019051553141039?ref_src=twsrc%5Etfw">July 16, 2024</a></blockquote>
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Another prominent analyst Benjamin Cowen predicted King Crypto's next big challenge will potentially be a backtest of $60,000.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> finds resistance at $64k, and this move remains constructive, then the big test will come potentially on a backtest of $60k. Similar move as what happened back in May <a href="https://t.co/YO0KuY3LQS">pic.twitter.com/YO0KuY3LQS</a>
&mdash; Benjamin Cowen (@intocryptoverse) <a href="https://twitter.com/intocryptoverse/status/1812906491919114749?ref_src=twsrc%5Etfw">July 15, 2024</a></blockquote>
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Image via Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39780333/solana-up-7-and-could-get-to-50-of-ethereums-valuation-as-most-liquid-election-proxy-in-cr">Solana Up 7% And Could Get To 50% Of Ethereum&#8217;s Valuation As &#8216;Most Liquid Election Proxy In Crypto,&#8217; Trader Says</a></li>
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Bitcoin, Ethereum, Dogecoin Extend Rally Triggered By Failed Trump Assassination Attempt: Analyst Calls Pullback To $60K As King Crypto's Next 'Big Test'

A recent report by Beacon Securities, on the cannabis industry in Florida provides insights into campaign donations, political endorsements, market competition, and financial forecasts.
<h3>Libertarian Endorsement</h3>
According to the report the Libertarian Party of Florida has formally endorsed the adult-use legalization measure. This endorsement could signal a shift in voter sentiment, as the party advocates for personal freedom regarding cannabis use. The growing political support from various parties highlights the increasing acceptance of cannabis legalization.
<h3>Hemp Industry&#39;s Political Contributions</h3>
CBS News reported that<a href="https://www.benzinga.com/markets/cannabis/24/07/39692990/hold-my-beer-breweries-offer-thc-on-tap-in-minnesota-what-investors-need-to-know"> hemp </a>executives pledged $5M in donations to <a href="https://www.benzinga.com/topic/florida-cannabis">Florida&rsquo;s </a>Republican Party after Governor DeSantis vetoed a bill that would have negatively impacted the hemp industry.
The report indicated that the veto was seen as a strategic move, with WhatsApp messages from the group Save Florida Hemp suggesting the veto secured the hemp industry&#39;s <a href="https://www.benzinga.com/markets/cannabis/24/07/39760907/ron-desantis-floridas-gop-and-hemp-industry-pile-on-to-defeat-marijuana-legalization">alignment with Governor DeSantis</a> against the adult-use legalization measure on the November ballot.
Read Also:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39344068/not-dc-but-the-states-tim-seymour-discusses-how-red-states-could-catalyze-cannabis-">&nbsp;</a><a href="https://www.benzinga.com/markets/cannabis/24/07/39760907/ron-desantis-floridas-gop-and-hemp-industry-pile-on-to-defeat-marijuana-legalization">Ron DeSantis, Florida&#39;s GOP And Hemp Industry Pile On To Defeat Marijuana Legalization</a>
<h3>New Dispensaries, Market Share, and Competition</h3>
Trulieve Cannabis (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>), leading the market with 140 locations, continues to expand, recently opening a new dispensary in Gulf Breeze. Verano Holdings follows with 77 locations, aiming to increase its market presence.
The competition among major players like Trulieve, Curaleaf (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>), and Verano (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vrnof#OTC">VRNOF</a>) is intensifying, with each company employing strategies to capture more market share.
Data from the Florida Department of Health shows that these companies are <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38470560/landing-in-floridas-cannabis-market-legal-adult-use-marijuana-could-yield-874m-in-2">driving significant sales </a>of both flower and oil-based products, as per Beacon&rsquo;s report.
<h3>Financial Performance</h3>
Verano Holdings and Curaleaf Holdings are expected to report their Q2 results on August 7th, with Verano forecasting revenue and adjusted EBITDA at the lower end of estimates.
Rescheduling and elimination of 280E tax penalties are anticipated to substantially boost operating cash flow and free cash flow for these companies.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/06/39561566/will-bidens-shaky-debate-performance-affect-cannabis-reform-how-a-trump-return-could-reshape-mar">How A Trump Return Could Reshape Marijuana Policy</a>
These issues will be a hot topic&nbsp;at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. Join us to get more insight into what the wave of weed legalization means for the future of investing in the&nbsp;industry. Hear directly from top executives, investors, advocates, and policymakers.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">Get your tickets now</a>&nbsp;before prices go up by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">this link</a>.
Photo: AI-Generated Image.&nbsp;

Cannabis

Government

Penny Stocks

Regulations

Emerging Markets

Small Cap

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

TCNNF

VRNOF

Libertarians Back Florida Cannabis Legalization, $5M From Hemp Execs To GOP: Green Waves In Red States

At the close of trading on Monday, U.S. stocks were in positive territory. The Dow Jones Industrial Average gained 0.5%, reaching 40,211.72. The S&amp;P 500 increased by 0.3% to 5,631.22, and the Nasdaq climbed 0.4% to 18,472.57.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
The stock closed the day with a significant increase of 31.37% at $40.58, hitting an intraday high of $46.27 and a low of $38.06. The 52-week range for the stock is $79.38 to $22.55. Trump Media shares pulled back in the after-hours session after came after the company, associated with former President Donald Trump, <a href="https://www.benzinga.com/news/24/07/39783087/trump-media-stock-is-falling-after-the-bell-whats-going-on">filed a prospectus</a> for the resale of nearly 38 million shares of common stock.
Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)
Coinbase&#8217;s stock rose by 11.39% to close at $242.85, with an intraday high of $247.5 and a low of $228. The 52-week high and low for the stock are $283.48 and $69.63 respectively. The rise in the stock&#8217;s price was <a href="https://www.benzinga.com/news/24/07/39774705/microstrategy-coinbase-robinhood-tesla-and-other-big-stocks-moving-higher-on-monday">attributed</a> to the surge in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices past the key $63,000 level.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39761977/trumps-crypto-portfolio-takes-a-hit-robert-kiyosaki-bats-for-bitcoin-and-more-top-crypto-u?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Portfolio Takes A Hit, Robert Kiyosaki Bats For Bitcoin And More: Top Crypto Updates This Week</a>
Marathon Digital Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)
Marathon Digital&#8217;s stock saw an 18.34% increase, closing at $24.58. The stock hit an intraday high of $24.98 and a low of $21.56. The 52-week range for the stock is $34.09 to $7.16. The stock&#8217;s rise was <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39773313/whats-going-on-with-bitcoin-mining-stocks-marathon-digital-cleanspark-coinbase-microstrate">in line with the surge</a> in Bitcoin prices.
Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
Apple&#8217;s shares increased by 1.67% to close at $234.4, with an intraday high of $237.23 and a low of $233.09. The 52-week high and low for the stock are $237.23 and $164.08 respectively. The increase in the stock&#8217;s price was due to the company&#8217;s <a href="https://www.benzinga.com/news/24/07/39768764/whats-going-on-with-tech-giant-apples-stock-on-monday">record-breaking</a> annual sales in India, nearing $8 billion.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock rose by 1.78% to close at $252.64, hitting an intraday high of $265.6 and a low of $251.73. The 52-week range for the stock is $299.29 to $138.8. Tesla CEO Elon Musk has reportedly <a href="https://www.benzinga.com/news/24/07/39784950/elon-musk-to-pour-45m-monthly-in-pro-trump-super-pac-joined-by-palantirs-joe-lonsdale-winklevoss-twi">committed to contributing</a> $45 million per month to a new super PAC backing former President Trump&#8217;s potential 2024 presidential campaign.
Photo by WHYFRAME on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39761487/nancy-pelosi-reportedly-urged-to-end-democratic-turmoil-by-calling-for-bidens-withdrawal-from-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nancy Pelosi Reportedly Urged To End Democratic Turmoil By Calling For Biden&#8217;s Withdrawal From Presidential Election</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

AAPL

COIN

MARA

Trump Media & Technology Group, Coinbase, Marathon Digital, Apple, Tesla: Why These 5 Stocks Are On Investors' Radars Today

There's a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on TC Energy (TRP – Research Report), Chord Energy (CHRD – ...

Analysts' Top Energy Picks: TC Energy (TRP), Chord Energy (CHRD)

Veren (TSE:VRN) has released an update. Veren Inc. has completed the sale of non-core assets in Saskatchewan for $600 million, with net proceeds ai...

Veren Inc. Finalizes $600 Million Asset Sale

Veren prices C$1B two-part notes offering

Veren (TSE:VRN) has released an update. Veren Inc. has announced the pricing of a CDN$1.0 billion offering of senior unsecured notes, which will fu...

Veren Inc. Launches Billion-Dollar Notes Offering

Veren (TSE:VRN) has released an update. Veren Inc. has completed its offering of CDN$1.0 billion in senior unsecured notes, aimed at repaying exist...

Veren Inc. Finalizes Billion-Dollar Notes Offering

Veren (TSE:VRN) has released an update. Veren Inc., in partnership with Computershare Trust Company of Canada, has established a trust indenture fo...

Veren Inc. Announces New Senior Notes Offering

Analysts have been eager to weigh in on the Energy sector with new ratings on MPLX (MPLX – Research Report), Magnolia Oil & Gas (MGY – Research Rep...

Analysts Have Conflicting Sentiments on These Energy Companies: MPLX (MPLX), Magnolia Oil & Gas (MGY) and Veren (VRN)

CHRD

MPLX

Commodities

Press Releases

Veren Announces Closing of Non-Core Asset Disposition

Offerings

Veren Announces Offering of Investment-Grade Senior Notes

Veren Announces Closing of Investment-Grade Senior Notes Offering

TSX:VRN

Scotiabank

Scotiabank maintains Veren (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRN#NYSE">VRN</a>) with a Sector Outperform and lowers the price target from C$16 to C$15.

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Latest news for Veren (NYSE:VRN) Stock

Friday, July 12, 2024