Dernières nouvelles pour Gap (NYSE:GAP) Stock

Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,500 stores in North America, Europe, and Asia and franchises about 1,000 more in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.

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Cryptocurrencies referencing Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged Thursday as the electric vehicle (EV) juggernaut unveiled its dedicated two-seater robotaxi product.
What happened: A Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin, TeslaTAXI, pumped over 101% in the last 24 hours, <a href="https://coinmarketcap.com/dexscan/solana/xhzpWAj8VD1R971WRWDQiKzpjkpNvaqZGjvBVpBZc3D/">according </a>to CoinMarketCap. The coin's trading volume on the decentralized exchange (DEX) Raydium exceeded $53,000, while its market capitalization surged over $227,000.&nbsp;
Another cryptocurrency, TESLA, although having a very small market capitalization of $1,800, <a href="https://coinmarketcap.com/dexscan/solana/FYwxWEfMQV4yquMcc2NBxkugrH2PoH1Q2d9xhmFK7n6T/">increased </a>by more than 10% in the past 24 hours.&nbsp;
Moreover, a cryptocurrency named CYBERCAB on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based exchange Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>) also seemed to be raking in the moolah, soaring 61%. 
It's worth mentioning that the aforementioned coins are not directly related to the company or approved by Musk himself. Additionally, the liquidity is markedly low as they aren't traded on major cryptocurrency exchanges and are currently only available on DEXes.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41255580/satoshi-nakamoto-identity-remains-a-mystery-after-hbo-documentary-bronze-statue-celebrates">Satoshi Nakamoto Identity Remains A Mystery After HBO Documentary: Bronze Statue Celebrates Bitcoin Founder&#8217;s Anonymity – &#8216;We Are All Satoshi&#8217;</a>
Why It Matters: The surge came as Tesla <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">revealed its robotaxi, nicknamed the Cybercab</a>, equipped with butterfly wings that open upwards.
The product was unveiled at the event called "We, Robot" held by Tesla at Warner Bros. Discovery Inc.&#8217;s movie studio near Los Angeles.
Price Action: Shares of Tesla were up 0.38% in after-hours trading, 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>. The stock closed 0.95% lower at $238.77 during Thursday's regular trading session.
Photo by Avi Rozen on Shutterstock
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TSLA

Tesla-Themed Coins Spike After EV Giant Unveils 'Cybercab' Robotaxi — Why You Should Be Careful

<a href="https://www.benzinga.com/startups/24/10/41120122/mark-cuban-getting-filthy-stinkin-rich-is-one-of-the-most-patriotic-things-you-can-do-thats-the-amer">Mark Cuban never holds back</a>, especially regarding his blunt advice on entrepreneurship. In a Bloomberg video from almost a decade ago, Cuban dropped some golden wisdom that still resonates today: "If you're starting a business and you take out a loan, you're a moron."
That's classic Cuban – cutting straight through the noise. He explains why borrowing money to launch a business is risky, especially with the uncertainties of a startup. "There are so many uncertainties involved with starting a business, yet the one certainty you'll have is <a href="https://www.benzinga.com/personal-finance/24/09/40920706/billionaire-mark-cuban-says-his-credit-was-so-bad-radio-shack-denied-him-if-you-use-credit-cards">paying back your loan</a>," Cuban says. He emphasizes that banks and lenders don't care about the success of your business – they care about getting their money back, making it a lopsided deal.
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His message to aspiring entrepreneurs? Focus on what you can control: your effort and knowledge. "99% of small businesses can start with next to no capital. It's more about effort … businesses don't fail for lack of capital, they fail for lack of brains, they fail for lack of effort," Cuban remarks. He insists that hard work and understanding your industry inside and out are the real keys to success. Cuban warns that competition won't just roll over. If you're going up against him, he says, "You better realize that I'm working 24 hours a day to kick your a&#x2A;&#x2A;."
Trending: 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>
His advice might be tough to swallow, but it's rooted in reality. The stats back him up to some extent – while many businesses do rely on loans, they aren't always necessary. About 43% of small businesses apply for loans and around 29% fail due to running out of capital. Cuban's message is that borrowing isn't the only way to launch a business and starting lean can often be more sustainable.
And while Cuban is the star of Shark Tank, it might be easier for him to advocate this approach given his resources. Still, there are other ways to fund a business without debt. Approximately 78% of small businesses use personal savings rather than loans to get started. Alternative funding options like crowdfunding, angel investors, or grants are available for those who want to avoid debt. Cuban may have a unique vantage point, but he's onto something when he emphasizes avoiding debt – especially since nearly 70% of small businesses <a href="https://www.benzinga.com/personal-finance/24/09/40985018/mark-cubans-black-amex-card-was-declined-trying-to-buy-a-140-000-bottle-of-champagne-after-his-n">carry some form of debt</a>.
Mark Cuban's take on starting a business without relying on loans is practical and refreshing. He's not just throwing out harsh words for shock value; he's speaking from years of experience.&nbsp;
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Personal Finance

Mark Cuban Says 'If You're Starting A Business And You Take Out A Loan, You're A Moron' – 99% Of Small Businesses Can Start With No Capital

Grown Rogue International Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/GRIN#CSE">GRIN</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRUSF#OTC">GRUSF</a>) a craft cannabis company based in Oregon's Rogue Valley announced the termination of its advisory agreement with Vireo Growth Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/VREO#CSE">VREO</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VREOF#OTCQX">VREOF</a>) as of September 30, 2024.&nbsp;
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<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
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<h3 class="wp-block-heading">The Deal </h3>
The deal, in place for 18 months, saw Grown Rogue providing advisory services to Vireo's cultivation operations across several markets, including New Jersey.
As part of the termination, Vireo will forfeit 4.5 million of the 8.5 million warrants it held in Grown Rogue, with a strike price of CAD $0.225, equivalent to approximately $759,375. ​​
Additionally, Vireo has agreed to pay Grown Rogue $800,000, with the option to defer the payment in four quarterly installments of $250,000. Grown Rogue <a href="https://www.newswire.ca/news-releases/grown-rogue-announces-termination-of-advisory-agreement-with-vireo-growth-inc--828592887.html">will retain 10 million</a> Vireo warrants and receive full fees for services rendered during Q3.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41273594/tilray-reports-200m-q1-net-revenue-up-13-yoy-as-net-loss-improves">Tilray Reports $200M Q1 Net Revenue, Up 13% YoY As Net Loss Improves</a>
CEO Obie Strickler of Grown Rogue expressed gratitude for the collaboration, emphasizing that the agreement helped Grown Rogue sharpen its strategy for national expansion. The company now plans to apply these learnings to its New Jersey operations and expand into Illinois in 2025.
<h3 class="wp-block-heading">Leadership Transition At Vireo Growth</h3>
On the same day, Vireo announced a leadership transition, with <a href="https://investors.vireogrowth.com/news/news-details/2024/Vireo-Growth-Inc.-Announces-Leadership-Transition/default.aspx">Amber Shimpa stepping into the role of CEO</a>. Shimpa, with the company since 2014, previously served as President. She replaces Josh Rosen, who resigned from his role as CEO and interim CFO but will remain an advisor. Vireo also appointed Joe Duxbury as interim CFO.
Shimpa's leadership will focus on the company&#8217;s upcoming expansion into Minnesota's adult-use market next year. 
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Grown Rogue Secures $800K, Vireo Forfeits 4.5M Warrants In Cannabis Shakeup—What's Next For Both?

Renowned economist Peter Schiff expressed his disappointment over not being featured in HBO&#8217;s new documentary on Satoshi Nakamoto despite his reputation as a &#8216;well-known&#8217; Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) critic. 
What Happened: Schiff said he watched the Cullen Hoback-directed documentary in an X post on Thursday. However, he voiced his grievances with Hoback about his &#8216;conspicuous&#8217; absence despite being one of the foremost anti-Bitcoin voices.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I just watched <a href="https://twitter.com/CullenHoback?ref_src=twsrc%5Etfw">@CullenHoback</a>&#39;s new <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> documentary on HBO. As the most well-known Bitcoin critic within the Bitcoin community, my absence was conspicuous.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1844444360546590786?ref_src=twsrc%5Etfw">October 10, 2024</a></blockquote>
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Hoback responded to Schiff&#8217;s complaints, saying that Nouriel Roubini, often referred to as "<a href="https://www.benzinga.com/markets/cryptocurrency/22/11/29675569/dr-doom-nouriel-roubini-says-el-salvador-doesnt-need-bitcoin-in-ftx-to-be-bankrupt-bukele-">Dr. Doom</a>," was the primary critic and that they could &#8220;only have so many Peters!&#8221;
Schiff was still not convinced, stating that Nouriel&#8217;s criticism came from a different point of view, and the &#8220;Dr. Doom&#8221; sobriquet was given to him by CNBC long before the New York Times gave it to Roubini. 
&#8220;Also, I have more interactions with high-profile Bitcoiners than anyone. You showed Alex Mashinsk. I debated him and called out his Ponzi scheme long before it collapsed,&#8221; Schiff added. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41278873/gary-gensler-doubts-cryptocurrency-future-says-leading-figures-are-either-in-jail-or-await">Gary Gensler Doubts Cryptocurrency Future, Says Leading Figures Are Either In Jail Or Awaiting Extradition</a>
Why It Matters: The documentary titled "Money Electric: The Bitcoin Mystery,&#8221; claiming to unveil the real identity of Bitcoin creator Nakamoto, has been a subject of intense discussion over the past week or so. 
Earlier this week, the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41242615/peter-todd-is-satoshi-nakamoto-bitcoin-core-developer-denies-hbo-documentary-claims-im-not">documentary aired and identified</a> Bitcoin core developer Peter Todd as the one who created the blockchain project. Todd has denied the claim.
Price Action: At the time of writing, Bitcoin was exchanging hands at $60,498.20, down 0.57% 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.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.  
Image via Wikimedia Commons
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

$BTC

Bitcoin-Critic Peter Schiff Salty Over Being Left Out Of Satoshi Nakamoto Documentary — Director Says, 'We Could Only Have So Many Peters!'

In the wake of the <a href="https://www.benzinga.com/markets/equities/24/10/41276280/hurricane-milton-closes-multiple-florida-airports-over-3-000-flights-canceled-and-delayed-10-air">devastating Hurricane Milton</a>,&nbsp;Apple Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook has pledged to support relief efforts.
What Happened: On Thursday, Cook took to X, formerly Twitter, and said &#8220;Apple will be making a donation to help with relief efforts on the ground.&#8221;
Hurricane Milton, following closely after Hurricane Helene, has caused widespread destruction across Florida, resulting in significant damage, power outages, and severe flooding.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our hearts go out to all of those impacted by the devastation of Hurricane Milton. To everyone still in harm&#39;s way, please stay safe. Apple will be making a donation to help with relief efforts on the ground.
&mdash; Tim Cook (@tim_cook) <a href="https://twitter.com/tim_cook/status/1844469125529337930?ref_src=twsrc%5Etfw">October 10, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41242624/elon-musk-vows-to-defend-freedom-of-speech-but-within-the-boundaries-of-the-law-as-x-gets-brazil-gre?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Vows To Defend Freedom Of Speech, But &#8216;Within The Boundaries Of The Law&#8217; As X Gets Brazil Greenlight To Resume Operations</a>
While the specific amount of Apple&#8217;s donation has not been revealed, this is not the company&#8217;s first act of support in the face of natural disasters. Cook has previously announced similar contributions for Hurricane Helene.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We're thinking of all those facing the catastrophic aftermath of Hurricane Helene. Apple will be making a donation to help with relief efforts on the ground.
&mdash; Tim Cook (@tim_cook) <a href="https://twitter.com/tim_cook/status/1840765545135898678?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
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Why It Matters: Hurricane Milton, <a href="https://www.benzinga.com/news/24/10/41257552/how-strong-is-milton-what-to-expect-from-hurricane-categories-1-through-5">a Category 3 storm</a>, hit near Siesta Key, Florida, on Wednesday. The storm, with wind gusts over 120 mph, has so far resulted in at least 12 fatalities, with the death toll expected to increase as rescue operations continue.
It caused&nbsp;<a href="https://www.benzinga.com/news/24/10/41266095/hurricane-milton-knocks-out-power-for-over-2m-in-florida-nextera-energy-duke-energy-and-tampa-electr">widespread power outages</a>&nbsp;and affected major utility providers. Over two million residents were left without power as the storm swept across the region.
Apple&#8217;s support in such situations is not just financial. The tech giant&#8217;s technology has proven to be a lifeline in previous disasters.
After Hurricane Helene, Apple&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/09/41108345/apples-satellite-messaging-feature-emerges-as-lifeline-after-hurricane-helene-leaves-thousands-witho">satellite messaging feature</a>&nbsp;emerged as a crucial tool for survivors left without power and cell service. The feature, introduced in the iOS 18 update, allows users to stay connected even without cellular or Wi-Fi coverage.
As Hurricane Milton approached, Benzinga highlighted the importance of being prepared and provided a guide on how to activate the&nbsp;<a href="https://www.benzinga.com/news/24/10/41264171/learn-how-to-activate-iphone-emergency-sos-as-hurricane-milton-approaches-your-safety-may-depend-on">iPhone Emergency SOS</a>&nbsp;feature.
This feature can be a crucial lifeline if traditional communication methods fail during such intense storms.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

AAPL

Tim Cook Says 'Hearts Go Out' To Those Impacted By Devastation Left Behind By Hurricane Milton: Apple Will Make A Donation For 'Relief Efforts On The Ground'

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) unveiled its dedicated two-seater <a href="https://www.benzinga.com/topic/robotaxi">robotaxi product</a> on Thursday, nicknamed the Cybercab, complete with butterfly wings that open upwards.
The design also bears huge resemblances to the design shared by Musk&#8217;s biographer Walter Isaacson in his book published last year. The vehicle, Musk said, is expected to be priced under $30,000.
Musk also revealed that the Cybercab will not include a charging plug &#8211; it will instead use inductive charging.
The Cybercab: Company CEO Elon Musk said at an ongoing event in Los Angeles that Tesla made 20 units of the vehicle which drove itself into the event stage with the billionaire within. At first glance, the exterior design of the Cybercab resembles the Cybertruck&#8217;s angular and steel body.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-1024x576.jpg" alt="" class="wp-image-590545" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10233511/Tesla-Cybercab-1.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Photo courtesy: Tesla</figcaption></figure>
The design also bears huge resemblances to the design shared by Musk&#8217;s biographer Walter Isaacson in his book published last year.
Musk also revealed that the Cybercab will not include a charging plug – it will instead use inductive charging.
The vehicle, Musk said, is expected to be priced under $30,000.&nbsp;
The Robovan: Tesla also unveiled the robovan which can accommodate up to 20 people.&nbsp;
The robovan bears an angular structure and has no pedals or steering wheels but resembles a wagon on the outside.
It could rival Uber Technologies Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) newly-announced shuttle service, but details about the robovan&#8217;s launch remain unknown yet.
Vision For Autonomous Driving: The company will start autonomous driving with its Model 3 and Model Y in Texas and California next year and the Cybercab will join the autonomous fleet in 2026 or before 2027, Musk said, while adding that he tends to be overly optimistic with timelines.
The product was unveiled at the event called &#8220;We, Robot&#8221; held by Tesla at Warner Bros. Discovery Inc.'s movie studio near Los Angeles.&nbsp;Though the event was supposed to start at 10 p.m. CT, there was a significant delay of over 50 minutes.
Musk said that the event was delayed because one of the guests had a medical emergency.
Optimus, Musk reiterated, will be available at a $20,000- $30,000 price point once production ramps up.&nbsp;
Musk previously said that the EV company would have "genuinely useful" humanoid robots in low production for use within its factories next year. The company will "hopefully" increase production for other customers in 2026, he said in July.
Price Action: Tesla stock rose 0.4% after hours after closing down nearly 1% on Thursday at $238.77, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A person in the crowd had a medical emergency, so we're taking care of them before starting
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1844564353330315460?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
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Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo courtesy: Tesla

UBER

Tesla Unveils 2-Seater Cybercab That Drives Itself, Price Expected To Be Under $30K: Also Shows Off 20-Seater Robovan To Rival Uber Shuttle

Major U.S. equity indices experienced a slight dip on Thursday, following a <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41270761/september-inflation-hotter-than-expected-jobless-claims-spike-the-most-in-over-a-">higher-than-anticipated</a> Consumer Price Index (CPI) inflation report for September and a surge in oil prices due to disruptions caused by Hurricane Milton and escalating tensions in the Middle East. 
The S&amp;P 500, Dow Jones Industrial Average, and the tech-heavy Nasdaq 100 all mirrored the decline falling 0.2%, 0.1%, and 0.05% respectively.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) closed the day down 0.95% at $238.77, with an intraday high and low of $242.79 and $232.34, respectively. The electric vehicle giant is expected to unveil its dedicated robotaxi product late on Thursday at an event in Los Angeles, according to a <a href="https://www.benzinga.com/news/24/10/41284650/tesla-to-reveal-robotaxi-at-event-near-los-angeles-ceo-elon-musk-hints-it-could-be-a-2-seater">Benzinga report</a>.
Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) saw a marginal rise of 0.06% to close at $77.92. The ride-hailing company is working towards transforming into a <a href="https://www.benzinga.com/news/24/10/41265000/uber-announces-measures-to-ramp-up-electrification-of-its-fleet-ahead-of-teslas-robotaxi-unveil">zero-emission platform</a> by 2040, with measures including the introduction of an AI assistant on the driver app to help with EV-related queries as Tesla prepares to unveil its robotaxi product.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41244481/google-cries-foul-as-doj-moves-to-break-up-search-giant-calls-recommendations-radical-as-antitru?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Cries Foul As DOJ Moves To Break Up Search Giant, Calls Recommendations &#8216;Radical&#8217; As Antitrust Ruling Aims To Limit Its Search Market Monopoly</a>
Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares traded lower by 4.00% to close at $164.18. The company <a href="https://www.benzinga.com/news/24/10/41282666/what-happened-with-amd-stock-today">hosted its &#8220;Advancing AI 2024&#8221; event</a> and launched several new high-performance computing solutions.
Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) shares climbed 0.68% to close at $13.32. The company reported <a href="https://www.benzinga.com/news/earnings/24/10/41281995/aehr-test-systems-stock-climbs-after-better-than-expected-q1-results-heres-why">better-than-expected first-quarter financial results</a>.
Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) shares fell 5.29% to close at $59.44. The bank agreed to pay approximately $3.09 billion in fines to U.S. authorities after <a href="https://www.benzinga.com/government/24/10/41283209/td-bank-pays-3b-fine-after-pleading-guilty-in-money-laundering-case-making-its-services-convenient-f">pleading guilty </a>to money laundering-related charges.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href=""Premarket">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/10/41245350/nvidia-poised-to-overtake-apple-as-worlds-most-valuable-company-how-much-jensen-huangs-company-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Poised To Overtake Apple As World&#8217;s Most Valuable Company: How Much Jensen Huang&#8217;s Company Needs To Gain By Wednesday</a>
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>

Equities

AEHR

Tesla, Uber, AMD, Aehr, And TD Bank: Why These 5 Stocks Are On Investors' Radars Today

‘Uptober' remained elusive as leading cryptocurrencies stagnated after hotter-than-expected inflation data poured cold water on expectations of further interest rate cuts by the Federal Reserve. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:15 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.75%</td>
<td>$60,135.24</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>+0.75%</td>
<td>$2,382.33</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>-1.37%</td>
<td>$0.106</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin slipped below $58,000 during trading hours before nearly recouping all the losses overnight. The world's largest cryptocurrency was down 1.16% over the week and 8% since the beginning of October—a month that on average has <a href="https://www.coinglass.com/today">yielded </a>over 20% returns for King Crypto.
The hotter-than-expected September's consumer price index data, coupled with higher-than-expected weekly jobless claims, likely <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41270761/september-inflation-hotter-than-expected-jobless-claims-spike-the-most-in-over-a-">influenced the markets</a>.&nbsp;
Traders priced in 86% odds of the Fed slashing the interest rates by a further 0.25% during November's FOMC meeting, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
Ethereum remained choppy as well, barely changing in the last 24 hours. Over the last week, however, the second-largest cryptocurrency eked out gains of 1.14%.&nbsp;
Cryptocurrency liquidations exceeded $194 million in the last 24 hours, with more than $145 million in bullish bets getting evaporated.&nbsp;&nbsp;
Bitcoin's Open Interest dropped 0.63% in the last 24 hours, while the number of long positions on the coin surged sharply vis-à-vis shorts.&nbsp;
The market sentiment slipped into the "Fear" category, according to the Cryptocurrency Fear &amp; Greed index, raising fears of further downsides.&nbsp;
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:15 p.m. EDT)</td>
</tr>
<tr>
<td>Uniswap (UNI)</td>
<td>+9.67%</td>
<td>$8.01</td>
</tr>
<tr>
<td>Popcat (POPCAT)</td>
<td>+7.96%</td>
<td>$1.26</td>
</tr>
<tr>
<td>MANTRA (OM)</td>
<td>+5.53%</td>
<td>$1.44</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.11 trillion, following a decrease of 0.46% in the last 24 hours.
Stocks continued to be turbulent, with major indices retracing on Thursday.
The Dow Jones Industrial Average dropped 57.88 points, or 0.14%, to close at 42,454.12. The S&amp;P 500 slipped 0.21% to end at 5,780.05, while the tech-heavy Nasdaq Composite lost 0.05% to close at 18,282.05.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst Rekt Capital noted Bitcoin's retest of $60,600 as support for the second straight week.
"Weekly close above $60,600 would preserve the range and position price for a move to the upside across it," the analyst remarked, while also cautioning about further downsides if the support is lost.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin is retesting the Weekly Re-Accumulation Range Low (~$60600) as support for the second consecutive week Weekly Close above $60600 would preserve the range and position price for a move to the upside across it Lose support here &#8211;&gt; another downside deviation period… <a href="https://t.co/wk5bBdyOMC">https://t.co/wk5bBdyOMC</a> <a href="https://t.co/j6nfUIih8b">pic.twitter.com/j6nfUIih8b</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1844470891482317275?ref_src=twsrc%5Etfw">October 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Leading analyst Ali Martinez drew attention to the increasing leverage use on cryptocurrency exchanges, suggesting that more people were borrowing to make bigger bets.&nbsp;
"This can increase the risk of big price swings, so it's important to be cautious," Martinez predicted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Leverage use on <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> exchanges just hit a yearly high, meaning more people are borrowing to make bigger bets. This can increase the risk of big price swings, so it's important to be cautious! <a href="https://t.co/InUbp7g2x3">pic.twitter.com/InUbp7g2x3</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1844516510779273418?ref_src=twsrc%5Etfw">October 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by stockphoto-graf on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41274733/in-2022-bitcoin-helped-to-humble-anthony-pompliano-a-look-at-how-his-price-predictions-hav">In 2022, Bitcoin &#8216;Helped To Humble&#8217; Anthony Pompliano: A Look At How His Price Predictions Have Evolved</a></li>
</ul>

Movers

Trading Ideas

$DOGE

Bitcoin, Ethereum, Dogecoin Muffled After September Inflation Dampens Rate Cut Outlook: Analyst Warns Of 'Downside Deviation' If King Crypto Loses This Support

&#8220;Optimism is required if you're going to fight the War on Drugs for over half a century,&#8221; reflects Vince Sliwoski in a poignant <a href="https://harris-sliwoski.com/cannalawblog/congress-is-about-to-lose-its-greatest-cannabis-advocate-ever/">piece</a> on The Canna Law Blog about Congressman Earl Blumenauer&#8217;s impending retirement. As Blumenauer prepares to step down next month, his legacy as one of the most steadfast champions for <a href="http://benzinga.com/cannabis">cannabis</a> reform in Congress remains unparalleled.
<h3 class="wp-block-heading">Bipartisan Efforts Shaping Cannabis Legislation</h3>
From his early days as a fresh-faced legislator in Oregon where he witnessed the state&#8217;s pioneering move to decriminalize cannabis in 1973 to his decades in Congress, Blumenauer&#8217;s journey has been marked by persistent advocacy and significant legislative milestones. His work triggered changes that have shaped the current landscape of cannabis policy in the United States.
Throughout his career, Blumenauer <a href="https://www.benzinga.com/markets/cannabis/23/09/34926867/us-rep-blumenauer-highlights-growing-bipartisan-support-for-cannabis-legislation-at-benzinga-can">consistently worked across party lines</a>, building bipartisan support for cannabis reform and other key initiatives, helping advance <a href="https://www.benzinga.com/markets/cannabis/22/04/26856604/reps-perlmutter-and-blumenauer-ask-for-the-inclusion-of-safe-banking-act-in-innovation-bill">significant legislation like the SAFE Banking Act</a>.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
In 2012, alongside former US Representative Jared Polis (D-CO), Blumenauer introduced the first comprehensive proposal to federally legalize, tax and regulate cannabis. This blueprint set the stage for the historic passage of the Rohrabacher-Farr amendment, now renamed the Blumenauer amendment, which prevents the Department of Justice from using federal funds to interfere with state <a href="http://benzinga.com/topic/medical-cannabis">medical cannabis</a> laws.
<h3 class="wp-block-heading">Blumenauer&#8217;s Legacy In Cannabis Legalization</h3>
Blumenauer&#8217;s influence did not wane with these achievements. He was instrumental in founding the <a href="https://www.benzinga.com/topic/congressional-cannabis-caucus">Congressional Cannabis Caucus</a> in 2017, which continues to push the envelope on cannabis policy. His relentless pursuit bore fruit in 2020 with the passage of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act in the House, <a href="https://www.benzinga.com/markets/cannabis/20/12/18657147/more-act-passes-house-vote-in-giant-step-for-cannabis-reform-but-falls-short-on-restorative-just">marking the first comprehensive legalization bill</a> to achieve such a feat.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41240793/its-your-constitutional-right-how-you-can-break-the-senates-block-on-cannabis-legalization">It&#8217;s Your Constitutional Right: How You Can Break The Senate&#8217;s Block On Cannabis Legalization</a>
Blumenauer's efforts extended to the Medical Marijuana and Cannabidiol Research Expansion Act, which President Biden <a href="https://www.benzinga.com/markets/cannabis/22/12/29944802/breaking-biden-signs-marijuana-research-bill-historic-moment-for-federal-cannabis-reform">signed into law in 2022</a>. It is still <a href="https://www.benzinga.com/markets/cannabis/22/11/29759591/historic-breakthrough-first-time-ever-senate-will-send-cannabis-research-bill-to-bidens-desk">the only federal standalone marijuana reform</a> enacted to date. Even as he prepares to leave office, Blumenauer remains a vocal advocate, urging the Biden-Harris Administration <a href="https://www.benzinga.com/markets/cannabis/24/02/37024357/congressman-presses-dea-for-action-on-cannabis-scheduling-review-calls-current-situation-arcane-">to fully deschedule cannabis</a> and realize its political and medicinal potential.
Sliwoski's reflection captures not only the historical significance but the personal tenacity of Blumenauer. As he notes, &#8220;When cannabis is federally legalized, we should remember the relentless advocacy and vision of the rep from Oregon's 3rd District.&#8221;
<h3 class="wp-block-heading">Shaping Portland's Future At Portland State University</h3>
Upon <a href="https://blumenauer.house.gov/media-center/press-releases/congressman-earl-blumenauer-announces-he-will-not-seek-re-election">retiring</a> from Congress in January, Blumenauer will return to his roots as a special adviser to the president at Portland State University and as a fellow at the Institute of Portland Metropolitan Studies, <a href="https://www.oregonlive.com/education/2024/09/retiring-us-rep-earl-blumenauer-will-take-job-in-portland-after-leaving-congress-see-where-hes-headed.html">according</a> to The Oregonian. There, he aims to leverage his extensive network to enhance the university&#8217;s influence in shaping Portland&#8217;s future and revitalizing the city's leadership in urban innovation.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41214802/joe-biden-quick-question-before-you-go-are-those-cannabis-pardons-from-2-years-ago-still-on">Joe Biden, Quick Question Before You Go: Are Those Cannabis Pardons From 2 Years Ago Still On?</a></li>
</ul>

Regulations

Earl Blumenauer's Legacy: Cannabis Champion Retires Congress After 50 Years Of Advocacy

On Thursday, Cathie Wood-led Ark Invest made a significant move by offloading shares of Moderna Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>). This decision comes amidst a backdrop of mixed analyst sentiments and Moderna&#8217;s recently unveiled post-COVID roadmap.
The Moderna Trade
Ark Invest&#8217;s ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) sold a total of 160,994 shares of Moderna. The value of the trade, based on Moderna&#8217;s closing price of $56.83 on the day of the trade, is approximately $9.15 million.
Moderna&#8217;s stock has been under scrutiny following its recent announcement of a <a href="https://www.benzinga.com/general/biotech/24/09/40834547/moderna-outlines-post-covid-roadmap-cuts-research-budget-forecasts-2025-sales-below-expectations">revised financial plan</a> and updates to its mRNA-based pipeline. CEO Stéphane Bancel highlighted the company&#8217;s success in respiratory vaccines and outlined a focus on five non-respiratory products aiming for approvals by 2027.
However, the biotech company&#8217;s future prospects have elicited <a href="https://www.benzinga.com/insights/analyst-ratings/24/09/40862440/16-analysts-have-this-to-say-about-moderna">mixed reactions</a> from analysts. Over the past three months, 16 analysts have shared their evaluations, with the average 12-month price target standing at $111.50, a decrease of 18.06% from the previous average.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41245350/nvidia-poised-to-overtake-apple-as-worlds-most-valuable-company-how-much-jensen-huangs-company-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Poised To Overtake Apple As World&#8217;s Most Valuable Company: How Much Jensen Huang&#8217;s Company Needs To Gain By Wednesday</a> 
Other Key Trades:
ARK Autonomous Technology &amp; Robotics ETF (ARKQ) bought 3,589 shares of Advanced Micro Devices Inc (AMD) worth $589,242.
Ark Invest&#8217;s ARKG and ARKK bought a total of shares of 10X Genomics Inc (TXG). 
ARKK also purchased shares of CRISPR Therapeutics AG (CRSP). 
Blade Air Mobility Inc (BLDE), and 3D Systems Corp (DDD) while selling shares of Materialise NV (MTLS) and Markforged Holding Corp (MKFG).
Image via Flickr/ WEF
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41274321/trump-considers-pro-crypto-vivek-ramaswamy-for-key-administration-role-hell-do-a-better-jo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Considers Pro-Crypto Vivek Ramaswamy For Key Administration Role: &#8216;He&#8217;ll Do A Better Job Than Anybody&#8217;</a></li>
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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>

ETFs

ARKG

ARKK

MRNA

Cathie Wood's Ark Invest Dumps Over $9M In Moderna Stock — Even With Post-COVID Plans On The Table

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is expected to unveil its dedicated robotaxi product late on Thursday at an event in Los Angeles. 
According to Bloomberg, the vehicle is expected to have two front seats and doors that open upward like butterfly wings.
Early on Thursday, Tesla CEO Elon Musk responded in the affirmative to an X user who opined that a two-seat cybercab makes sense given a majority of of U.S. vehicle miles are single or double occupancy. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Exactly
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1844551527912046813?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
During Tesla&#8217;s first-quarter earnings call, Musk himself referred to the company's dedicated robotaxi product as the "Cybercab." It is unclear if this is a placeholder or the final name.
The robotaxi unveiling event titled "We, Robot" will start at 7 p.m. California time at Warner Bros. Discovery Inc.&#8217;s movie studio near Los Angeles.&nbsp;The event will also be streamed live on social media platform X.
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:
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<li><a href="https://www.benzinga.com/news/24/10/41264769/teslas-latest-fsd-update-smooths-out-jittery-car-visualizations-fixing-4-year-bug" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Latest FSD Update Smooths Out Jittery Car Visualizations, Fixing 4-Year Bug</a></li>
</ul>
Photo courtesy: Tesla

Tesla To Reveal Robotaxi At Event Near Los Angeles: CEO Elon Musk Hints It Could Be A 2-Seater

California cannabis company, Lowell Farms Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/LOWL#CSE">LOWL</a>, OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/LOWLF#OTCQX">LOWLF</a>) entered into management services agreements with two cannabis retail dispensaries located in Los Angeles, California.
Under the terms of the <a href="https://www.sec.gov/edgar/browse/?CIK=1838128&amp;owner=exclude">agreements</a>, Lowell Farms' wholly-owned subsidiary Mercati Dei Fiori, LLC, will assume operational management of the retail stores Rose Collective in Venice and Sunnyside Collective in Westwood. The deal also contains an option for Lowell Farms to acquire equity ownership through a nonbinding letter of intent.
"These agreements mark a significant milestone for Lowell Farms as we continue to navigate the difficult California cannabis landscape," stated Ann Lawrence, executive chair of the board. "This partnership is built on shared values and a unified vision for success. By combining our expertise and leveraging operational synergies, our goal is to create a vertically integrated model that will provide a strong platform for brands and enhance the retail experience for our customers."
By integrating retail operations into its brand management and distribution capabilities, the company will increase its scale and achieve greater vertical integration. It also allows the company greater control over the full supply chain, from production and distribution through the consumer experience.
With this strategic move, Lowell Farms is seeking to strengthen brand loyalty and capture a larger share of the California cannabis market.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41273594/tilray-reports-200m-q1-net-revenue-up-13-yoy-as-net-loss-improves">Tilray Reports $200M Q1 Net Revenue, Up 13% YoY As Net Loss Improves</a>
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
<h2 class="wp-block-heading">New Chairperson</h2>
Concurrently with entering into the management services agreements, the company appointed Ann Lawrence, a current director, as executive chairperson. Lawrence joined the board of directors in 2022. Before entering the cannabis industry in 2018, Lawrence was a partner and practice group leader at a major global law firm specializing in distressed retail mergers and acquisitions. She will lead the company's retail expansion efforts.
<h2 class="wp-block-heading">LOWLF Price Action</h2>
Lowell Farms shares traded flat at $0.01 per share after the market close on Thursday.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41270606/kamala-harris-advises-on-howard-stern-show-dont-get-stoned-before-visiting-the-sphere-in-las-veg">Kamala Harris Advises On Howard Stern Show: Don&#8217;t Get Stoned Before Visiting The Sphere In Las Vegas</a></li>
</ul>
Photo: Courtesy of Yeti studio and ImageFlow on Shutterstock

CSE:LOWL

LOWLF

California Cannabis Company Lowell Farms Will Manage 2 Retail Dispensaries In LA, Deal Also Includes Acquisition Option

To compete with Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) upcoming Blackwell system, Advanced Micro Devices, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) next-generation chip is scheduled to ship in the second half of 2025.
What Happened: On Thursday, AMD disclosed plans for its next-gen MI350 chip, aimed at competing with Nvidia&#8217;s new Blackwell system, with shipping anticipated in the second half of 2025.
According to AMD, the Instinct MI350 series accelerators, built on the CDNA 4 architecture, are expected to offer up to 35 times better inference performance compared to their CDNA 3-based predecessors.
The MI350 series also aims to maintain its leadership in memory capacity, boasting up to 288GB of HBM3E memory per accelerator.
See Also: <a href="https://www.benzinga.com/news/24/10/41219900/mark-cuban-on-how-tv-will-evolve-in-the-future-says-he-saw-the-rise-of-netflix-like-platforms-before?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban On How TV Will Evolve In The Future, Says He Saw The Rise Of Netflix-Like Platforms Before They Existed: &#8216;We Were YouTube Before YouTube&#8217;</a>
AMD CEO Lisa Su&#8217;s vision is for AMD to become the &#8220;end-to-end AI leader&#8221; within the next decade, <a href="https://www.ft.com/content/998e15cc-bf46-46ab-ab04-934286f0923b">reported</a> Financial Times.
"You have to be extremely ambitious,&#8221; she said, adding, &#8220;This is the beginning, not the end of the AI race.&#8221;
Despite trailing Nvidia in AI chip sales, AMD has emerged as Nvidia&#8217;s closest competitor in the race to offer off-the-shelf AI chips. The company projects the total addressable market for AI chips to hit $400 billion by 2027.
&#8220;When we first started, that was viewed as a really big number,&#8221; Su said. &#8220;And I think people are moving towards our big number because of the tremendous demand there is for AI infrastructure.&#8221;
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: On the same day, <a href="https://www.benzinga.com/news/24/10/41282666/what-happened-with-amd-stock-today">at the &#8220;Advancing AI 2024&#8221; event</a>, AMD launched several high-performance computing solutions, including the fifth Gen AMD EPYC server CPUs, AMD Instinct MI325X accelerators, and AMD Pensando Salina DPUs, among others.
Meanwhile, Nvidia has been making waves with its next-gen Blackwell GPU platform. Nvidia CEO Jensen Huang previously confirmed that <a href="https://www.benzinga.com/news/24/10/41156900/nvidia-ceo-jensen-huang-says-demand-for-next-gen-blackwell-gpu-platform-insane-everyone-wants-to-hav">Blackwell is in full production</a> and progressing as planned, with demand for the platform described as &#8220;insane.&#8221;
This development coincides with Nvidia's customers preparing to roll out the Blackwell system in the current quarter. Microsoft Corporation announced earlier this week that it had become the first cloud provider to make the new GB200 chips available to its clients.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our long-standing partnership with NVIDIA and deep innovation continues to lead the industry, powering the most sophisticated AI workloads. <a href="https://t.co/qaEoSv8dm5">https://t.co/qaEoSv8dm5</a>
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1843676169071468585?ref_src=twsrc%5Etfw">October 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Previously, it was also reported that at the <a href="https://www.prnewswire.com/in/news-releases/nvidia-ceo-jensen-huang-to-deliver-ces-2025-keynote-302268864.html" target="_blank" rel="noreferrer noopener">Consumer Electronics Show 2025</a>, Huang is scheduled to deliver a keynote address. The timing of the event aligns with speculation about Nvidia's next-generation GPUs expected to launch in 2025. 
It&#8217;s also anticipated that Nvidia may provide <a href="https://www.benzinga.com/news/24/10/41227135/next-gen-nvidia-gpus-could-be-revealed-at-ces-2025-what-you-need-to-know">updates on its RTX 50 series</a>, including desktop GPUs built on the Blackwell architecture
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Ambitions Come As Most Americans Grow Wary Of Autonomous Tech</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Media

NVDA

Nvidia's Blackwell Chip Faces AMD's MI350 Challenge In 2025: CEO Lisa Su Says, 'Beginning, Not The End Of The AI Race'

Republican presidential candidate Donald Trump set an all-time high in presidential betting odds against Vice President Kamala Harris on Polymarket.
What happened: Punters on the so-called decentralized prediction <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1728607634208">market</a> gave the former President more than a 55% chance of regaining power, up from 49% last week.
Harris' odds have steadily slipped from the majority mark a week earlier to 44% as of this writing.
Bets in favor of Trump exceeded 70% when incumbent Joe Biden was in the race. However, Biden&#8217;s withdrawal from the race and Harris&#8217; elevation to the forefront of the Democratic presidential ticket caused a dramatic shift in sentiment.
The battle not only became closer, but Harris established a 9-point lead at one point in August.&nbsp;
A whopping $1.7 billion has been wagered on the outcome, making it the highest betted event on Polymarket.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41278873/gary-gensler-doubts-cryptocurrency-future-says-leading-figures-are-either-in-jail-or-await">Gary Gensler Doubts Cryptocurrency Future, Says Leading Figures Are Either In Jail Or Awaiting Extradition</a>
Why It Matters: Polymarket, built on Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) Layer-2 protocol Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>), has gained prominence as one of the world&#8217;s top prediction markets for U.S. elections in recent months, though ironically, U.S. users can&#8217;t access the platform due to federal regulations.
Trump's odds also hit 52% against Harris' 48% on Kalshi, a prediction platform that, unlike Polymarket, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41158370/wanna-put-your-money-on-trump-or-harris-crypto-based-polymarket-gets-competition-after-kal">is legal in the U.S</a>.
The flipping followed Tesla CEO Elon Musk's fervent appeal to vote for Trump <a href="https://www.benzinga.com/news/24/10/41197236/elon-musk-and-trump-address-thousands-at-site-of-failed-assassination-attempt-take-aim-at-bidens-lea">when the two appeared at a rally</a> last week in Butler, PA. 
Image via Shutterstock
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</ul>

Politics

$MATIC

Trump Widens Lead Over Harris In Betting Odds On Prediction Markets —Sets A New High On Crypto-Based Polymarket

Another <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> is in the books. The two-day event took place in Chicago this week, gathering a slew of top cannabis entrepreneurs, executives, politicians and industry stakeholders. That said, let's scroll through latest executive changes in cannabis.
<h3 class="wp-block-heading">The U.S. Hemp Roundtable Taps Two Prominent Executives In Hemp Beverage Space Into Its Ranks</h3>
The U.S. Hemp Roundtable made headlines in early September as its board of directors <a href="https://hempsupporter.com/news/u-s-hemp-roundtable-makes-big-splash-into-hemp-beverage-space-with-election-of-two-prominent-executives/">welcomed</a> two distinguished leaders from the hemp beverage sector to its officer ranks. Art Massolo, vice president of business development at Cycling Frog, agreed to serve as the new executive vice president, while Aaron Nosbisch, founder of BRĒZ, assumed the role of vice president of E-Commerce.
"Beverages represent the fastest-growing segment of the hemp industry, and the Roundtable is blessed to have two of the industry's most prominent leaders join us as Vice Presidents," Jonathan Miller, the Roundtable's general counsel, said.&nbsp;
<h3 class="wp-block-heading">Cannabis Leadership Shake-Ups In New York</h3>
New York's chief equity officer at the state Office of Cannabis Management, Damian Fagon, has formally resigned, effective November 27. He was previously cleared of any wrongdoing in an inspector general investigation that found no basis for allegations of retaliation against a cannabis company, <a href="https://www.greenmarketreport.com/new-york-cannabis-chief-equity-officer-resigns-following-exoneration-from-retaliation-allegations/">reported</a> Green Market Report.
Fagon was placed on administrative leave this spring after cannabis processor Jenny Argie filed a lawsuit claiming that he had retaliated against her business by advocating for a recall of her products following her criticism of the OCM to Syracuse.com last year. That lawsuit was dismissed in July.
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<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
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In the meantime, New York Cannabis Control Board recently got a new member in September. Crystal J. Rodriguez-Dabney was appointed to serve on the board as per a decision from state Assembly Speaker Carl Heastie, following a recommendation from Majority Leader Crystal Peoples-Stokes, GMR <a href="https://www.greenmarketreport.com/dei-attorney-named-to-new-york-cannabis-regulatory-board/">reported</a>.
"This is a wonderful opportunity and an ever bigger responsibility as we seek to ensure equity in the entire process. Looking forward to working with the (Office of Cannabis Management)&nbsp;and learning the ins and outs of this legendary legislation," Rodriguez-Dabney, who succeeded former member Adam Perry, wrote in a <a href="https://www.linkedin.com/feed/update/urn:li:activity:7244661542661550081/">social media post.</a>
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41261875/exclusive-why-loyalty-programs-not-discounts-are-the-future-of-cannabis-retail">EXCLUSIVE: Why Loyalty Programs, Not Discounts, Are The Future Of Cannabis Retail</a>
<h3 class="wp-block-heading">Legal Saga Around Massachusetts Regulatory Body Continues</h3>
Former chair of Cannabis Control Commission of Massachusetts Shannon O'Brien lost her legal battle with State Treasurer Deborah Goldberg resulting in <a href="https://www.benzinga.com/markets/cannabis/24/09/40797285/massachusetts-cannabis-chief-shannon-obrien-loses-job-after-year-long-suspension-and-costly-lega">her being fired last month.</a> O'Brien was originally appointed to serve a five-year term in 2022 and has denied the misconduct allegations. Goldberg suspended O'Brien last September accusing her of making "racially, ethnically and culturally insensitive statements."
Goldberg <a href="https://masscannabiscontrol.com/2024/09/cannabis-control-commissioner-bruce-stebbins-named-acting-chair-by-state-treasurer-deborah-b-goldberg/">named</a> Bruce Stebbins acting chair of the regulatory body, succeeding O'Brien who now plans to appeal her firing as the chairwoman of CCC to the Supreme Judicial Court, <a href="https://www.thecannabist.co/2024/09/16/ousted-shannon-obrien-vows-legal-battle-over-pot-board-firing/136685/">reported</a> The Cannabist.
<h3 class="wp-block-heading">Cannabis Board Changes</h3>
Aurora Cannabis Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ACB#TSX">ACB</a>) CEO Miguel Martin agreed recently to serve in the additional role of executive chairman. Outgoing chairman Ron Funk will serve as lead independent director going forward.
IM Cannabis Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) (CSE:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#CSE">IMCC</a>), a leading medical cannabis company with operations in Israel and Germany, announced last month that Shmulik Arbel has been appointed to its board of directors effective Sept. 9.
Rubicon Organics Inc. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/ROMJ#TSXV">ROMJ</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ROMJF#OTCQX">ROMJF</a>) welcomed Jesse McConnell to its board of directors in early September, after receipt of security clearance from Health Canada.
Canopy Growth Corporation's (TSX:<a class="ticker" href="https://www.benzinga.com/stock/WEED#TSX">WEED</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shareholders each of the directors listed as a nominee at their annual general meeting of shareholders held on Sept.24, including David Klein, Willy Kruh, David Lazzarato, Luc Mongeau and Theresa Yanofsky.
TILT Holdings Inc.'s (NEO: TILT) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TLLTF#OTCQX">TLLTF</a>) Adam Draizin opted to step down from the company's board of directors effective Oct. 1. Marshall P. Horowitz was appointed to the board as Draizin's replacement.
Flora Growth Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLGC#NASDAQ">FLGC</a>) (FSE: 7301) named Harold Wolkin as an independent director on its board of directors last month. In this role, Wolkin also agreed to serve as a member of each of the company&#8217;s committees, including as chair of the audit committee. Separately, Clifford Starke, the company's CEO, was recently tapped as a member of the board of directors of HoshiCap, a subsidiary of Hoshi International which has a cannabis cultivation facility in Portugal.
<h3 class="wp-block-heading">Other Appointments And Resignations</h3>
CANNAVIGIA, a Swiss tech start-up focused on innovative cannabis solutions via software and consulting, announced recently that founder and CEO Luc Richner opted into the role of chief strategy Officer, while Timo Bongartz, chief commercial officer, agreed to replace Richner as CEO.
Nextleaf Solutions Ltd. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/OILS#CSE">OILS</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/OILFF#OTCQB">OILFF</a>) named Emma Andrews as its CEO. Andrews has acted as the Company&#8217;s Interim CEO since Sept 8, 2023, and has been with the company for six years, previously as the director of marketing.
Endexx Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EDXC#OTC">EDXC</a>) appointed Doug Williams, CPA, as fractional CFO through his consulting firm, Alexander &amp; Williams PLLC in early October.
AYR Wellness Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/AYR#CSE">AYR</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/AYRWF#OTCQX">AYRWF</a>) President and CEO David Goubert stepped down from his role in the company last month. The board has approved the appointment of Steven M. Cohen as interim CEO.
Cresco Labs Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#CSE">CL</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTCQX">CRLBF</a>) (FSE: 6CQ) announced last month that Dennis Olis, CEO, retire after a planned transition to Sharon Schuler, a financial and strategy executive.
SNDL Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) announced in early September that after two decades of leadership and innovation in the liquor industry, Taranvir (Tank) Vander, president of the liquor division, retired from the company to pursue new opportunities.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41262813/exclusive-poking-the-bear-as-floridas-contentious-cannabis-legalization-vote-looms">EXCLUSIVE: &#8216;Poking The Bear&#8217; As Florida&#8217;s Contentious Cannabis Legalization Vote Looms</a></li>
</ul>

Entrepreneurship

Movers & Shakers

AYRWF

CRLBF

CSE:AYR

CSE:CL

CSE:IMCC

CSE:OILS

EDXC

FLGC

IMCC

OILFF

ROMJF

SNDL

TILT

TLLTF

TSX:ACB

TSX:ROMJ

TSX:WEED

TSXV:ROMJ

WEED

The Ever-Evolving Cannabis Industry: These Are Latest Leadership Changes You Should Know About

What Happened: Former President Barack Obama took to X on Thursday to express his views on the current political landscape. In his posts, he criticized Donald Trump and endorsed Vice President Kamala Harris for the presidency.
Obama&#8217;s posts on X featured his appearance on Thursday at a rally in support of the Democratic presidential nominee held in Pittsburgh, Pennsylvania.
Obama posted, &#8220;Donald Trump is not thinking about you. He only sees power as a means to his ends. America is ready to turn the page.&#8221;
The former president said about his successor that he didn&#8217;t understand why anybody would think that Trump would &#8220;shake things up&#8221; in a way which were good for Pennsylvania.
He said there was no evidence that Trump thought of anybody but himself. &#8220;Donald Trump is a 78-year-old billionaire who has not stopped whining about his problems since he rode down his golden escalator nine years ago.&#8221;
Obama compared Trump&#8217;s rants and his 2-hour speeches with the Cuban dictator Fidel Castro.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Donald Trump is not thinking about you. He only sees power as a means to his ends. America is ready to turn the page. <a href="https://t.co/q80uODpUkZ">pic.twitter.com/q80uODpUkZ</a>
&mdash; Barack Obama (@BarackObama) <a href="https://twitter.com/BarackObama/status/1844539876110119393?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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In another post, he showed his support for Harris, stating, &#8220;@KamalaHarris doesn't have &#8216;concepts of a plan&#8217; for the American people – she has actual plans to make your life better. And she's more than ready to be President. Let's help her get elected.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw">@KamalaHarris</a> doesn't have "concepts of a plan" for the American people – she has actual plans to make your life better. And she's more than ready to be President. Let's help her get elected: <a href="https://t.co/P9hoDajB1P">https://t.co/P9hoDajB1P</a> <a href="https://t.co/Yf0onbSvhQ">pic.twitter.com/Yf0onbSvhQ</a>
&mdash; Barack Obama (@BarackObama) <a href="https://twitter.com/BarackObama/status/1844544488598888776?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/10/41157285/elon-musks-mom-chimes-in-after-son-says-he-cant-handle-4-years-of-seeing-and-hearing-kamala-harris-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Mom Chimes In After Son Says He Can&#8217;t Handle 4 Years Of &#8216;Seeing And Hearing&#8217; Kamala Harris And Tim Walz: &#8216;So True&#8217;</a>
Why It Matters: Obama&#8217;s tweets come amidst a close race between Trump and Harris, particularly in key swing states. According to a recent Benzinga article, Trump was leading Harris by a <a href="https://www.benzinga.com/news/24/10/41270224/trump-vs-harris-new-poll-shows-pennsylvania-may-flip-as-vice-presidents-support-among-this-key-group">two percentage point margin</a> in Pennsylvania, a key swing state.
However, the race remains too close to call. A new Emerson College poll shows a <a href="https://www.benzinga.com/general/politics/24/10/41283673/trump-vs-harris-2024-election-swing-state-poll-too-close-to-call-but-this-candidate-leads">close race</a> between the two candidates in seven key swing states, with Trump having the edge.
Obama&#8217;s endorsement of Harris <a href="https://www.benzinga.com/general/politics/24/08/40488598/obama-compares-trump-to-an-annoying-neighbor-with-leaf-blower-tells-dnc-americas-ready-for-a-new">echoes his sentiments</a> from the 2024 Democratic National Convention, where he stated &#8220;America is ready for a new chapter. America&#8217;s ready for a better story. We are ready for a President Kamala Harris.&#8221;
Photo: Evan El-Amin/Shutterstock.com
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

General

Obama Compares Trump's Behavior With Fidel Castro: He Has Not Stopped 'Whining About His Problems' Since Riding Down That Golden Escalator

In the wake of Hurricanes Helene and Milton, Vice President Kamala Harris and the White House have publicly rebuked former President Donald Trump for his remarks on the federal disaster response, accusing him of exploiting the catastrophe for political advantage.
What Happened: Harris, during a town hall in Las Vegas, responded to criticisms about the federal disaster recovery efforts.
&#8220;In this crisis — like in so many issues that affect the people of our country — I think it so important that leadership recognizes the dignity to which people are entitled,&#8221; said Harris, according to an AP News <a href="https://apnews.com/article/trump-harris-nevada-michigan-hispanic-voters-milton-2a9db630d1318e78de91efd2df5a16f0">report</a>.
&#8220;I have to stress that this is not a time for people to play politics,&#8221; said the Vice President and the Democratic presidential candidate.
At the Detroit Economic Club, Trump expressed empathy for the hurricane victims but criticized the Biden administration&#8217;s response, particularly in North Carolina after Hurricane Helene. He alleged, &#8220;They&#8217;ve let those people suffer unjustly.&#8221; According to AP, the former president has promoted falsehoods about the federal response for multiple days.
See Also: <a href="https://www.benzinga.com/news/24/10/41242634/ron-desantis-says-kamala-harris-is-delusional-for-trying-to-say-his-sole-focus-on-people-of-florida?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ron Desantis Says Kamala Harris Is &#8216;Delusional&#8217; For Trying To Say His Sole Focus On People Of Florida Is</a>
In a White House Situation Room briefing, President Joe Biden debunked Trump&#8217;s misrepresentation about federal aid, specifically the false assertion that it was limited to $750. &#8220;That $750 that they&#8217;re talking about, Mr. Trump and all those other people know it&#8217;s a lie to suggest that&#8217;s all they&#8217;re going to get,&#8221; Biden said.
Despite the storm, both Harris and Trump are visiting key swing states, strategically aiming to strengthen support among vital voting groups for the forthcoming election.
Why It Matters: This political back-and-forth comes in the aftermath of Hurricanes Helene and Milton, which have caused significant destruction in the Southeast. Harris visited North Carolina to <a href="https://www.benzinga.com/markets/equities/24/10/41196094/harris-to-survey-helene-impact-in-north-carolina-one-day-after-trump-visit">support recovery efforts</a> following Hurricane Helene, just a day after Trump&#8217;s visit, during which he reportedly made misleading claims about the federal response.
The White House has also <a href="https://www.benzinga.com/news/24/10/41195085/white-house-counters-gop-accusations-of-fema-funds-misuse-denies-disaster-relief-funding-was-used-fo">countered GOP allegations</a> of FEMA funds misuse following Hurricane Helene.
Image via Shutterstock
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</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>

Kamala Harris Attacks Trump For Criticism Of Federal Response To Hurricanes: 'Not A Time For People To Play Politics'

The New Jersey General Assembly unanimously passed Bill A3881 in late September, aiming to prohibit the dissemination of certain criminal history information for individuals with <a href="https://www.benzinga.com/markets/cannabis/21/07/21967309/new-jersey-cannabis-legalization-judiciary-dismisses-tens-of-thousands-marijuana-convictions-can">expunged records</a>, including marijuana offenses. 
<h3 class="wp-block-heading">New Bill Aims To Prevent Discrimination</h3>
The bill addresses <a href="https://www.benzinga.com/markets/cannabis/24/09/40869408/richard-nixon-secretly-admitted-marijuana-is-not-particularly-dangerous-new-tapes-reveal">long-standing harms caused by the War on Drugs</a>, particularly marijuana-related offenses. Sponsored by Assembly members Annette Quijano (D) and Ellen J. Park (D), the <a href="https://www.njleg.state.nj.us/bill-search/2024/A3881">legislation</a> seeks to prevent discrimination and improve access to opportunities by safeguarding erased histories during background checks.
If enacted, the State Bureau of Identification (SBI) would be required to check for unprocessed expungement orders before sharing any criminal history information. The SBI would also need to update its records to reflect any eligible expungements, ensuring outdated information does not hinder individuals seeking employment, housing or education.
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<h3 class="wp-block-heading">NJ Legislators Highlight Fairness And Inclusion</h3>
&#8220;This unanimous vote underscores the importance of protecting privacy and ensuring fairness in our justice system,&#8221; <a href="https://www.assemblydems.com/CivicAlerts.aspx?AID=12342">said</a> Quijano in a press release. &#8220;Expungements are intended to provide individuals with a second chance, and this legislation ensures that they are not burdened by their past when it has been legally erased.&#8221;
Park added, &#8220;By removing the barriers associated with a criminal record, people gain greater access to job opportunities, housing, and education, allowing them to move forward without the weight of past mistakes.&#8221;
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41011619/it-takes-a-village-to-build-generational-wealth-nbas-al-harrington-on-his-full-circle-moment-and">&#8216;It Takes A Village…To Build Generational Wealth&#8217;: NBA&#8217;s Al Harrington On His Full Circle Moment And Opening NJ Cannabis Dispensary</a>
<h3 class="wp-block-heading">Nearly 20,000 Expungements Still Pending As Senate Yet To Pass Bill</h3>
According to an April <a href="https://www.njoag.gov/governor-murphy-attorney-general-platkin-and-new-jersey-state-police-announce-a-nearly-70-reduction-in-expungement-backlog/">report</a> by state&#8217;s Attorney General Matthew J. Platkin cited in the press release, there were 19,874 pending expungement cases through March 2024. The backlog prompted a class action lawsuit, leading to an Interim Consent Order in June to process expungement orders promptly.
However, despite the Assembly&#8217;s progressive step, the bill awaits further challenges in New Jersey's Senate, where it has yet to pass committee scrutiny, <a href="https://headynj.com/breaking/bill-stopping-spread-of-expunged-criminal-marijuana-history-passes-nj-assembly/">noted</a> Heady NJ. State Senator Brian Stack (D) sponsored the companion legislation, <a href="https://www.njleg.state.nj.us/bill-search/2024/S2513">S2513</a>, which also aims to curb the improper dissemination of criminal records until they are updated.
Read Also:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41214802/joe-biden-quick-question-before-you-go-are-those-cannabis-pardons-from-2-years-ago-still-on">Joe Biden, Quick Question Before You Go: Are Those Cannabis Pardons From 2 Years Ago Still On?</a></li>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40845389/nj-governor-signs-bill-tightening-rules-on-hemp-industry-stakeholders-protest-big-alcohol-celebr">NJ Governor Signs Bill Tightening Rules On Hemp: Industry Stakeholders Protest, Big Alcohol Celebrates</a></li>
</ul>

Government

New Jersey Assembly Passes Bill To Protect Privacy Of Expunged Cannabis Records

As the 2024 presidential elections draw nearer, Irwin Simon, CEO of Tilray Brands Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>), foresees a turning point for the cannabis industry, regardless of the <a href="https://www.benzinga.com/topic/2024-election">election&#8217;s outcome. </a>
Speaking alongside Tilray's fiscal 2025 first-quarter earnings report, Simon expressed optimism that either candidate could pave the way for regulatory reforms that would benefit the cannabis market in the United States, Investopedia <a href="https://www.investopedia.com/tilray-ceo-bullish-on-cannabis-legalization-following-2024-election-8726335">reported.</a>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41273594/tilray-reports-200m-q1-net-revenue-up-13-yoy-as-net-loss-improves">Tilray Reports $200M Q1 Net Revenue, Up 13% YoY As Net Loss Improves</a>
"We believe that there is a greater likelihood that the upcoming U.S. presidential elections will result in improved regulatory changes in the cannabis industry, as both candidates have publicly confirmed their support for further legalization," Simon said.
<h3 class="wp-block-heading">Tilray's Financial Snapshot</h3>
Tilray, a Canadian company that has expanded its footprint into Europe, Australia, Latin America and the U.S., reported promising financial results for its first quarter of fiscal 2025.
The company saw a 13% year-over-year increase in revenue, reaching $200 million. Its net loss narrowed to $34.7 million, a marked improvement from the $55.9 million loss reported the previous year.
<h3 class="wp-block-heading">Candidates&#8217; Shifting Stances On Cannabis</h3>
Vice President Kamala Harris has long been vocal about her support for marijuana reform.
In a recent interview on the "All the Smoke" podcast, Harris reiterated her stance, stating: "I just feel strongly people should not be going to jail for smoking weed. And we know historically what that has meant and who has gone to jail."
Read More: <a href="https://www.benzinga.com/markets/cannabis/24/09/41106120/kamala-harris-we-need-to-legalize-cannabis-vp-says-for-first-time-as-presidential-candidate-in-a">Kamala Harris: &#8216;We Need to Legalize&#8217; Cannabis, VP Says For First Time As Presidential Candidate In &#8216;All The Smoke&#8217; Podcast</a>
Former Republican President Donald Trump has shifted his position on cannabis. Recently, he <a href="https://www.benzinga.com/markets/cannabis/24/09/40774795/trump-says-hell-reschedule-cannabis-if-elected-backs-marijuana-banking-reform-and-floridas-amend">expressed support for a Florida amendment</a> that seeks to legalize recreational marijuana.
This marks a significant departure from his administration's previous approach, where then-Attorney General Jeff Sessions rescinded the Cole Memorandum, a policy that had protected state-level cannabis programs from federal interference.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41270606/kamala-harris-advises-on-howard-stern-show-dont-get-stoned-before-visiting-the-sphere-in-las-veg">Kamala Harris Advises On Howard Stern Show: Don&#8217;t Get Stoned Before Visiting The Sphere In Las Vegas</a></li>
</ul>
Cover image made with AI.

TLRY

Tilray CEO Irwin Simon: 2024 Election Likely To Drive U.S. Cannabis Legalization, No Matter Who Wins

In a recent development, NATO Secretary-General Mark Rutte has urged the international community to halt their concerns over the potential impact of a Donald Trump presidency on the Ukraine conflict.
What Happened: During a London visit, Rutte expressed his faith in Trump&#8217;s grasp of the Ukraine situation. He stressed that the conflict is not only about Ukraine but also about the safety and future security of the United States, <a href="https://www.politico.eu/article/nato-boss-mark-rutte-dont-worry-about-trump/">reported</a> Politico.
The former Dutch Prime Minister asked the international community to &#8220;stop worrying about a Trump presidency.&#8221;
&#8220;He understands completely and agrees with me that this fight to Ukraine is not only about Ukraine, it&#8217;s also about the safety and the future security of the United States," said Rutte.
These comments from Rutte may stir controversy in some European capitals, considering Trump&#8217;s hesitation to support Ukraine&#8217;s victory over Russia. Instead, Trump has been advocating for a swift negotiated end to the conflict.
The NATO chief&#8217;s statements were made during a tripartite discussion with Ukrainian President Volodymyr Zelenskyy and British Prime Minister Keir Starmer at No. 10 Downing Street. The meeting was part of Zelenskyy&#8217;s tour of Western capitals to seek additional support.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41270606/kamala-harris-advises-on-howard-stern-show-dont-get-stoned-before-visiting-the-sphere-in-las-veg?itm_source=parsely-apiKamala Harris Advises On Howard Stern Show: Don't Get Stoned Before Visiting The Sphere In Las Vegas" target="_blank" rel="noreferrer noopener">Kamala Harris Advises On Howard Stern Show: Don&#8217;t Get Stoned Before Visiting The Sphere In Las Vegas</a>
Why It Matters: The potential return of Trump to the White House has triggered a <a href="https://www.benzinga.com/news/24/08/40508166/trumps-potential-return-triggers-investors-demand-for-european-defense-startups">surge in investments</a> in European defense-tech startups. This is due to Trump&#8217;s unpredictable approach towards NATO and defense budgets, leading to increased military spending across Europe.
Earlier, NATO had announced measures to &#8216;Trump-proof&#8217; Ukraine aid, including a $40 billion annual <a href="https://www.benzinga.com/news/24/07/39590765/nato-to-trump-proof-ukraine-aid-after-bidens-weak-debate-performance-with-40b-annual-financial-pledg">financial pledge of military support</a> to Ukraine. This was in response to Trump&#8217;s criticism of U.S. spending on Ukraine and his potential return to power.
Trump&#8217;s stance on NATO has been a subject of criticism, with former U.S. National Security Advisor, John Bolton, suggesting that Trump&#8217;s <a href="https://www.benzinga.com/news/24/03/37578110/former-nsa-says-trump-foolishly-targeting-nato-instead-of-cheering-for-amerixit-from-un-provides-lit">ongoing assault </a>on NATO undermines U.S. strength by eroding alliances.
Image via Shutterstock
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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>

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