Dernières nouvelles pour Nomad Foods (NYSE:NOMD) Stock

Nomad Foods

Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, Ice Cream and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.

Nomad Foods Ltd

NOMAD FOODS ORD

Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) subsidiary Google has confirmed it will not follow Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) <a href="https://www.benzinga.com/markets/equities/24/09/41086177/amazon-ceo-andy-jassy-faces-employee-revolt-over-full-time-return-to-office-mandate-73-consider-">strict return-to-office policy</a>.
What Happened: During a recent town hall, Alphabet Inc. CEO Sundar Pichai emphasized that maintaining productivity while working remotely is key to continuing the current flexible work arrangement, <a href="https://www.businessinsider.in/tech/news/google-tells-employees-it-wont-follow-amazons-strict-rto-policy-as-long-as-they-stay-productive/articleshow/113884140.cms">reported</a> Business Insider.
Amazon&#8217;s recent decision to require employees to return to the office five days a week has sparked concern among its workforce and competitors. Google employees, who currently work in the office three days a week, sought reassurance about their hybrid work model during a &#8220;TGIF&#8221; all-hands meeting.
John Casey, Google&#8217;s vice president of global compensation and benefits, informed staff that the existing system remains effective, according to the report. However, he stressed the importance of being in the office at least three days weekly. Pichai reiterated the need for productivity during remote work to maintain policy flexibility.
Despite these reassurances, some Google employees remain apprehensive about potential future changes. Google has implemented measures like hot-desking and &#8220;neighborhoods&#8221; in some offices to adapt to the hybrid model. Meanwhile, other companies, like Dell Technologies Inc., have followed Amazon&#8217;s lead, requiring more in-office presence.
A Google spokesperson confirmed the statements made by Pichai and Casey, according to the report.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41134142/tesla-amazon-nike-walmart-alibaba-why-these-5-stocks-are-on-investors-radars-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">TSLA, AMZN, WMT, NKE, BABA: Top 5 Trending Stocks Today</a>
Why It Matters: Amazon&#8217;s decision to enforce a full-time return to the office has led to significant unrest among its employees. A survey <a href="https://www.benzinga.com/markets/equities/24/09/41086177/amazon-ceo-andy-jassy-faces-employee-revolt-over-full-time-return-to-office-mandate-73-consider-">revealed that 73% of Amazon workers</a> are considering leaving their jobs due to the new policy, with 80% aware of colleagues contemplating the same move. This shift has affected morale, especially among parents.
Moreover, the return-to-office mandates have impacted housing markets, with cities like San Jose experiencing a <a href="https://www.benzinga.com/real-estate/24/09/41080230/return-to-office-mandates-ignite-housing-price-surge-in-top-10-cities-san-jose-leads-the-charge">surge in housing prices</a>. This trend is attributed to the increased demand for housing near office locations.
Additionally, some companies have used RTO mandates as a strategy to encourage voluntary turnover, as revealed in a <a href="https://www.benzinga.com/24/07/39945751/bosses-admit-using-return-to-office-mandate-to-get-workers-to-quit-survey">survey by Bamboo HR</a>. This tactic has been part of the broader &#8220;Great Resignation&#8221; phenomenon, where employees have opted to leave rather than return to traditional office settings.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/commodities/24/10/41151338/biden-the-master-oil-trader-part-iv-president-loads-up-on-millions-of-barrels-to-refill-emerg?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden The Master Oil Trader Part IV? President Loads Up On Millions Of Barrels To Refill Emergency Stash In &#8216;One Of The Best Oil Trades In History&#8217;</a></li>
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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>

Equities

News

Markets

Tech

AMZN

GOOGL

Google Assures Employees It's Not About To Pull Off An Amazon On Them When It Comes To Work From Home

Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has confirmed that it may use any image shared with Meta AI for training purposes, including those captured on Ray-Ban Meta <a href="https://www.benzinga.com/news/24/06/39562427/metas-ray-ban-smart-glasses-face-new-rival-powered-by-openais-chatgpt">smart glasses</a>.
What Happened: Meta initially did not disclose whether it trains its&nbsp;AI on photos and videos&nbsp;taken&nbsp;on the Ray-Ban Meta smart&nbsp;glasses. However, now the company has revealed new information, <a href="https://techcrunch.com/2024/10/02/meta-confirms-it-may-train-its-ai-on-any-image-you-ask-ray-ban-meta-ai-to-analyze/">reported</a> TechCrunch.
Emil Vazquez, Meta policy communications manager, stated, &#8220;In&nbsp;locations where multimodal AI is&nbsp;available (currently U.S. and Canada),&nbsp;images and videos shared with&nbsp;Meta AI may be used&nbsp;to improve it per our Privacy Policy.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41087287/elon-musk-responds-after-y-combinators-paul-graham-says-twitter-name-change-was-a-waste-of-time-you?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Responds After Y Combinator&#8217;s Paul Graham Says Twitter Name Change &#8216;Was A Waste Of Time:&#8217; &#8216;You Know Nothing&#8217;</a>
There&#8217;s no way for users to opt out of this, except if they refrain from using Meta&#8217;s multimodal AI features.
In its privacy policies, Meta has also stated that it automatically retains transcriptions of voice conversations with Ray-Ban Meta to train future AI models.
However, users can decline to have their actual voice recordings used for this purpose by selecting their preference when first logging into the Ray-Ban Meta app.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: <a href="https://www.benzinga.com/news/24/09/41054106/meta-analysts-highlight-ai-vr-advances-see-growth-pushing-it-toward-apple-like-valuation">Meta has been making significant strides</a> in AI and VR technology, with analysts predicting growth that could push it toward an Apple-like valuation.
However, this development comes amidst concerns over privacy and data usage. <a href="https://www.benzinga.com/markets/equities/24/07/40047183/meta-hit-with-largest-ever-state-privacy-fine-texas-ag-secures-1-4b-settlement">Meta paid $1.4 billion</a> to the state of Texas&nbsp;to settle a court case&nbsp;related to its&nbsp;use of facial recognition software.
Previously, it was reported that Meta uses all <a href="https://www.benzinga.com/tech/24/07/39915337/mark-zuckerberg-takes-aim-at-elon-musk-sam-altman-with-big-ai-aspirations-through-metas-latest-llama">publicly shared content</a> on the company&#8217;s social media platforms like Instagram and Facebook to train its Llama AI models.
In June, the tech giant came under fire for <a href="https://www.benzinga.com/news/24/06/39307741/meta-platforms-under-fire-in-norway-for-using-private-user-data-from-facebook-instagram-for-ai-train">doing the same in Norway</a>.
Meanwhile, last month, it was reported that Zuckerberg had increased his wealth by an <a href="https://www.benzinga.com/startups/24/09/40882577/mark-zuckerbergs-wealth-skyrockets-by-51-billion-this-year-putting-him-on-track-to-claim-the-title-o">astonishing $51 billion this year</a>, raising his total net worth to $179 billion.
At the time of writing, his net worth had reached $203 billion, making him the third wealthiest person in the world after Elon Musk and Jeff Bezos.
Photo courtesy: Ray-Ban
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s SearchGPT Set To Disrupt Google&#8217;s Search Empire As Former Engineer Sounds Alarm On Deteriorating User Experience Amid Rising Competition</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

Mark Zuckerberg's Meta Can Use Ray-Ban Images You Click To Train AI: There's No Opt Out Either

<ul>
<li>GraftAssure&trade; research assay adopted by two research hospitals that are top-five-in-country by organ transplant volume</li>
<li>Company clears first stage gate in clinical product development process and has submitted a Q-Sub to the FDA</li>
</ul>

Reported Earlier, Oncocyte Signs Leading U.S. and German Transplant Centers For GraftAssure Adoption, Submits Q-Sub To FDA

Gmail, the email service provided by Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) <a href="https://www.benzinga.com/markets/asia/24/10/41157486/google-offers-to-settle-indian-antitrust-case-related-to-smart-tv-probe-report">subsidiary Google</a>, has introduced dynamic summary cards that will make it easier for users to track purchases, events, bills, and travel details directly from their inboxes.
What Happened: The new summary cards in Gmail are designed to simplify the management of important information that often gets lost in the clutter of emails and apps. 
These cards have been revamped to provide a more comprehensive and dynamic experience. The new features include action buttons for adding events to the calendar, reminders for bill payments, and real-time updates on deliveries.
<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/2024/10/03020730/Gmail-cards-1024x576.jpg" alt="" class="wp-image-577904" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03020730/Gmail-cards-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03020730/Gmail-cards-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03020730/Gmail-cards-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03020730/Gmail-cards.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Photo courtesy: Google</figcaption></figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
These summary cards will now be available in more sections within Gmail, such as the &#8220;Happening soon&#8221; section of the inbox and in Gmail search. They will also be more powerful on the backend, organizing key information from related emails and updating in real-time.
See Also: <a href="https://www.benzinga.com/news/24/09/41087287/elon-musk-responds-after-y-combinators-paul-graham-says-twitter-name-change-was-a-waste-of-time-you?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Responds After Y Combinator&#8217;s Paul Graham Says Twitter Name Change &#8216;Was A Waste Of Time:&#8217; &#8216;You Know Nothing&#8217;</a>
Why It Matters: The updated summary cards will be available across four common email categories: Purchases, Events, Bills, and Travel. They will offer users quick access to essential information and relevant actions, such as &#8220;Get directions,&#8221; &#8220;Invite others,&#8221; &#8220;Track package,&#8221; &#8220;Check in,&#8221; &#8220;Remind me,&#8221; or &#8220;Mark as paid.&#8221; 
The cards will also be dynamic, providing users with real-time updates on upcoming events, deliveries, and deadlines.
A new &#8220;Happening soon&#8221; section at the top of inboxes will allow users to see the most timely updates without opening individual emails. The section will initially show purchase summary cards and will only appear when relevant.
With this update, Gmail aims to streamline the management of <a href="https://www.benzinga.com/news/24/08/40575951/google-now-lets-you-quickly-reply-to-emails-making-email-responses-as-easy-as-texting">important information for its users</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41087674/openais-searchgpt-set-to-disrupt-googles-search-empire-as-former-engineer-sounds-alarm-on-deteriorat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s SearchGPT Set To Disrupt Google&#8217;s Search Empire As Former Engineer Sounds Alarm On Deteriorating User Experience Amid Rising Competition</a></li>
</ul>
Photo courtesy: Google
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>

GOOG

Gmail Introduces Dynamic Summary Cards For Easier Tracking Of Purchases, Events, And More

For September 2024, the total number of terminal passengers at GAP&#39;s 12 Mexican airports decreased by&nbsp;3.6%, compared to September 2023. Guadalajara airport presented an increase in passenger traffic of&nbsp;4.1%, while Los Cabos, Tijuana, and Puerto Vallarta airports presented a decrease in passenger traffic of&nbsp;9.9%,&nbsp;6.2%, and&nbsp;5.1%&nbsp;respectively, compared to September 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of&nbsp;11.5%.

Reported Earlier, Grupo Aeroportuario del Pacifico September 2024 Passenger Traffic Decreased 3.9% Compared To 2023

Faraday Future&#39;s Global CEO, Matthias Aydt, and Founder and Chief Product and User Ecosystem Officer of FF, YT Jia, purchased shares of the Company&#39;s Class A common stock in September, in an aggregate amount of 10,455 shares for&nbsp;$35,799&nbsp;(consisting of 5,313 shares for&nbsp;$18,192&nbsp;for Mr. Aydt, and 5,142 shares for&nbsp;$17,606&nbsp;for Mr. Jia).

FFIE

Faraday Future Execs Commit Salaries To Buy Over 10K Shares In ~$36K Stock Purchase

This story was originally published on the&nbsp;<a href="http://in.benzinga.com/" target="_blank">Benzinga India portal</a>.
Google&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) has reportedly put forth a settlement proposal in an anti-<a href="https://www.benzinga.com/money/setting-up-a-trust/">trust</a> case in India. This move comes after an investigation found that the internet giant&#39;s contracts with smart TV manufacturers were likely in violation of the country&#39;s competition laws.
What Happened: Google would be the first corporation to use the settlement scheme inserted into India&#39;s competition law last year, Livemint reported, citing sources.&nbsp;
The&nbsp;Competition Commission of India (CCI)&nbsp;recently took note of a report that found Google engaging in anti-competitive behavior. The settlement scheme provides a 15% reduction on the base penalty for companies found to be involved in anti-competitive activities.
The CCI launched an investigation&nbsp;in June 2021 after two&nbsp;individuals alleged that&nbsp;Google LLC&nbsp;and&nbsp;Google India&nbsp;had infringed competition law provisions.
Do you want to keep up with all the latest stock market updates in India? Sign up for the&nbsp;<a href="https://share.hsforms.com/1K1H7Kd0aRhmSdDIuxTAkxg1npzh?utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-9Epn7q6aJNp9GSC5EOIhi4bHzDb9Xseqz4PYaEI7sGMhIcV2Rv9ZPxiCYKVKvNojA6WoH5" target="_blank">Benzinga India weekly newsletter</a>.
In a recent report to the anti-<a href="https://www.benzinga.com/money/setting-up-a-trust/">trust</a> watchdog, the Director General of Investigation said its probe confirmed that Google had violated provisions prohibiting&nbsp;anti-competitive agreements and abuse of&nbsp;market dominance in the Android&nbsp;TV market, sources told the publication.
The&nbsp;new schemes added to the competition law allow companies suspected of violations to&nbsp;make voluntary commitments to address&nbsp;regulatory concerns before the investigation&nbsp;is completed. In cases where the investigation is already completed, companies&nbsp;may offer to settle the&nbsp;case and pay a reduced penalty.
The CCI scrutinized two agreements that Google had signed with smart TV manufacturers like&nbsp;Xiaomi Technology India. These agreements allegedly imposed restrictions on TV manufacturers, compelling them&nbsp;to preinstall the entire suite&nbsp;of Google apps if they wanted to preinstall a particular Google app, such as&nbsp;YouTube.
Read Next:&nbsp;<a href="https://in.benzinga.com/markets/equities/24/10/41157069/why-tata-motors-shares-are-bleeding-in-early-trade-today" rel="noreferrer noopener" target="_blank">Why Tata Motors Shares Are Bleeding In Early Trade Today</a>
Disclaimer: Artificial intelligence was used as a secondary aid in writing this story.

Asia

General

Google Offers To Settle Indian Antitrust Case Related To Smart TV Probe: Report

The SEC has decided to appeal against a 2023 ruling in the hotly contested legal battle against Ripple Labs that dismissed the agency&#8217;s broader claims about XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) sales.
What Happened: The SEC lodged a notice of appeal aiming to overturn a <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33219187/major-victory-for-ripple-xrp-sales-not-classified-as-investment-contracts-judge-rules">prior decision</a> made by Judge Analisa Torres that deemed programmatic sales of XRP to retail clients as legal while ruling that sales to institutional investors violated securities laws. 
The SEC didn&#8217;t immediately respond to Benzinga&#8217;s request for comment on the matter.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">(1) The SEC&#39;s decision to appeal is disappointing, but not surprising. This just prolongs what&#39;s already a complete embarrassment for the agency. The Court already rejected the SEC's suggestion that Ripple acted recklessly, and there were no allegations of fraud and, of course,… <a href="https://t.co/PQozMMtthf">https://t.co/PQozMMtthf</a>
&mdash; Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1841596012588114116?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
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Ripple&#8217;s Chief Legal Officer Stuart Alderoty called the latest appeal &#8220;disappointing&#8221; and one that prolongs a &#8220;complete embarrassment&#8221; for the SEC. 
Ripple CEO Brad Garlinghouse also blasted the ruling, criticizing the SEC&#8217;s refusal to move on from the case despite its role in damaging the agency&#8217;s credibility.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If Gensler and the SEC were rational, they would have moved on from this case long ago. It certainly hasn't protected investors and instead has damaged the credibility and reputation of the SEC. Somehow, they still haven&#39;t gotten the message: they lost on everything that… <a href="https://t.co/1hW7xVSL9b">https://t.co/1hW7xVSL9b</a>
&mdash; Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1841597085264839113?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41156985/edward-snowden-under-fire-solana-developer-challenges-nsa-whistleblower-you-are-full-of-ba">Edward Snowden Under Fire: Solana Developer Challenges NSA Whistleblower — &#8216;You Are Full Of Baloney&#8217; If You Can&#8217;t Back Up Your Centralization Claims!</a>
SEC&#8217;s appeal came on the day cryptocurrency index fund manager Bitwise Asset Management <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41134111/after-bitcoin-ethereum-an-xrp-etf-bitwise-registers-filing-in-delaware-amid-rippe-vs-sec-l">officially filed for the first-ever</a> XRP exchange-traded fund (ETF) in the U.S. with the regulator.
Price Action: At the time of writing, XRP was trading at $0.5379, plunging over 10% 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 Shutterstock
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41156448/trump-vows-to-save-silk-road-creator-ulbricht-now-12-years-into-sentence-for-bitcoin-fuele">Trump Vows To &#8216;Save&#8217; Silk Road Creator Ulbricht, Now 12 Years Into Sentence For Bitcoin-Fueled Dark Web Crimes</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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$XRP

Gary Gensler's SEC Appeals 2023 Ruling Against Ripple Labs — XRP Tanks 10%: Just Prolongs 'Complete Embarassment' For Agency Says Company Exec

In a recent LinkedIn post, billionaire investor Ray Dalio, founder of Bridgewater Associates, offered his insights on China&#8217;s economic future, suggesting the <a href="https://www.benzinga.com/news/24/09/40934156/billionaire-ray-dalio-warns-fed-faces-tough-road-ahead-balancing-interest-rate-cuts-and-enormous-us">country stands at a critical juncture</a>. 
What Happened: Dalio&#8217;s analysis comes in the wake of significant policy announcements by Chinese leadership, including President Xi Jinping and key economic bodies.
Dalio highlighted three key factors that have set Chinese markets &#8220;on fire&#8221;: A &#8220;reflationary barrage&#8221; of fiscal and monetary policies, strong statements supporting free markets, and the current low valuation of Chinese assets. 
The investor compared the potential impact of these developments to former President of the European Central Bank Mario Draghi&#8216;s famous &#8220;whatever it takes&#8221; moment during the European debt crisis, emphasizing the historical significance of China&#8217;s policy shift.
Drawing on his 55 years of experience as a global macro investor, Dalio outlined two potential paths for China: Engineering a &#8220;beautiful deleveraging&#8221; that reduces debt burdens and stimulates productivity, or allowing the debt crisis to drag on, potentially leading to economic stagnation similar to Japan&#8217;s experience. 
Dalio emphasized that success hinges on Chinese policymakers&#8217; ability to restructure bad debts, lower interest rates below inflation and nominal growth rates, and monetize debt if necessary while weakening the currency to devalue debt.
&#8220;For China&#8217;s policymakers to engineer a &#8216;beautiful deleveraging,&#8217; they have to lower debt burdens by simultaneously doing debt restructurings that clean the bad debts out of the system (which is deflationary) while also creating money and credit (which is stimulative and inflationary) in a balanced way,&#8221; Dalio wrote.
Despite the positive market reaction, Dalio identified several key challenges: Complex and politically charged debt restructurings, especially at local government levels; the need for comprehensive tax system reform; and demographic issues, including early retirement ages and a declining working population.
Dalio placed China&#8217;s economic situation within a broader framework of global forces, including internal political conflicts, external geopolitical tensions, natural disasters and climate change, and technological advancements. He suggested that these developments are part of a larger cycle that will shape the future global order.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41109111/tesla-rivals-li-auto-xpeng-clock-record-september-deliveries-end-q3-on-a-strong-note?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Rivals Li Auto, XPeng Clock Record September Deliveries, End Q3 On A Strong Note</a>
Why It Matters: China&#8217;s recent economic strategies come at a time when the nation is poised to surpass the United States in advanced technology and <a href="https://www.benzinga.com/news/24/10/41142611/china-set-to-surpass-us-in-advanced-military-manufacturing-by-2035-report">military manufacturing by 2035,</a> as reported by the South China Morning Post. This strategic shift reflects China&#8217;s ambition to strengthen its global economic and technological influence.
However, the <a href="https://www.benzinga.com/opinion/24/10/41148148/why-chasing-the-china-rally-could-cost-you-everything">recent market rally</a> following China&#8217;s stimulus plan has raised questions about its long-term sustainability. While the CSI 300 index surged nearly 16% last week, there are concerns about the structural issues within China&#8217;s economy, particularly in the real estate sector.
Additionally, the United States has voiced concerns over <a href="https://www.benzinga.com/news/24/10/41117633/us-raises-alarm-over-chinas-secretive-emergency-loans-calls-for-greater-transparency">China&#8217;s secretive emergency</a> loans to debt-laden countries, citing transparency issues. This has prompted calls for greater clarity from China regarding its lending terms.
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</ul>
Image via Flickr/ World Economic Forum
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Ray Dalio Sees Potential For 'Beautiful Deleveraging' In Xi Jinping's Economic Strategy For China

Pavel Durov&#8217;s Telegram, the widely-used social media platform, has acknowledged its compliance with multiple U.S. law enforcement data requests this year.
What Happened: Following the <a href="https://www.benzinga.com/news/24/09/40893281/telegram-ceo-pavel-durov-faces-10-year-sentence-and-500k-fine-in-frances-first-cybercrime-case-under">arrest of Durov&nbsp;by French police</a> in August,&nbsp;Telegram has expanded its privacy policy to encompass data requests linked to a broader spectrum of criminal activities, <a href="https://www.404media.co/telegram-confirms-it-gave-u-s-user-data-to-the-cops/">reported</a> 404 Media.
The data was revealed in a transparency report delivered by Telegram&#8217;s transparency bot on Wednesday.
The report stated, &#8220;Fulfilled&nbsp;requests from the United States&nbsp;of America for IP address&nbsp;and/or phone number: 14. Affected&nbsp;users: 108.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Says, Orion &#8216;Is Probably Going To Be The Next Major Platform After Phones&#8217; — Meta&#8217;s New AR Wearables Real-Life Tony Stark Glasses In The Making?</a>
Durov also said that in Brazil, <a href="https://www.benzinga.com/general/social-media/24/10/41145263/telegrams-pavel-durov-little-has-changed-in-privacy-policies-despite-legal-woes">data was disclosed</a>&nbsp;for 75 legal requests in the first quarter,&nbsp;63 in the second quarter, and 65&nbsp;in the third quarter of 2024.
In India, Telegram&#8217;s largest market, the company complied with&nbsp;2461 legal requests in the first quarter,&nbsp;2151 in the next, and 2380&nbsp;in the third quarter.
Some of these data requests were made before Durov&#8217;s arrest, which was partly due to Telegram&#8217;s refusal&nbsp;to provide user data in&nbsp;a child abuse investigation, the report noted.
Following the arrest, Telegram updated its privacy policy to state that it may disclose user IP addresses and phone numbers to relevant authorities in cases&nbsp;involving criminal activities that violate&nbsp;Telegram&#8217;s Terms of Service.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development comes amid growing concerns about privacy violations and the increasing <a href="https://www.benzinga.com/news/24/09/40893281/telegram-ceo-pavel-durov-faces-10-year-sentence-and-500k-fine-in-frances-first-cybercrime-case-under">pressure on tech companies</a> to cooperate with law enforcement agencies.
Last month, Meta CEO Mark Zuckerberg revealed that his <a href="https://www.benzinga.com/general/biotech/24/08/40575260/mark-zuckerberg-reveals-biden-administration-pressured-meta-platforms-to-censor-certain-covid-19-">company was pressured</a> by top officials from the Joe Biden administration to restrict specific content on its platforms during the COVID-19 pandemic.
Zuckerberg also indicated that he would push back against similar pressures in the future.
U.S. authorities and law enforcement agencies demand user data from major tech companies twice as often as their EU counterparts, <a href="https://www.forbes.com/sites/emmawoollacott/2024/08/28/us-government-requests-most-user-data-from-big-tech-firms/">reported</a> Forbes in August 2024.
Data from Surfshark shows that global government requests for user information from Apple, Google, Meta, and Microsoft surged almost eightfold from 2013 to 2022.
In 2022 alone, the number of requests rose from 1.6 million to 2.2 million, reflecting an increase of approximately 38%.
Image Courtesy: Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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.

Social Media

Pavel Durov's Telegram Forked Over Data To US Law Enforcement — 'Affected Users: 108'

Model and dietitian Maye Musk publicly agreed with her son, tech mogul Elon Musk, on their shared political stance, as revealed in a recent post on X.
What Happened: On Wednesday, Maye Musk responded to a tweet from Elon Musk, expressing her support for his endorsement of the Trump/Vance ticket in the upcoming elections. 
Elon Musk had previously stated, &#8220;Trump/Vance MUST win. I can't handle 4 years of seeing and hearing Kamala/Walz. That would be cruel and unusual punishment!&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So true. <a href="https://t.co/6yeAyD6mhM">https://t.co/6yeAyD6mhM</a>
&mdash; Maye Musk (@mayemusk) <a href="https://twitter.com/mayemusk/status/1841511069992227302?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/news/24/10/41135574/elon-musk-comments-on-jd-vance-tim-walz-debate-after-user-favors-them-over-trump-and-harris-they-wer?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Comments On JD Vance-Tim Walz Debate After User Favors Them Over Trump And Harris: &#8216;They Were Civil&#8217;</a>
Why It Matters: Elon Musk&#8217;s political leanings have been under scrutiny recently, with reports surfacing of his <a href="https://www.benzinga.com/news/24/10/41156605/elon-musks-earlier-independent-status-in-doubt-as-reports-surface-of-donations-to-right-wing-group-t">earlier donations</a> to the right-wing group, Building America's Future.
Elon Musk&#8217;s political influence has been growing steadily, with his social media platform X serving as a conduit for his conservative viewpoints. His endorsement of the Trump/Vance ticket and his regular political commentary have made him a significant pro-Trump influencer.
His contributions to Building America's Future, a group known for its criticism of the Biden administration, have been reported to be in the millions, significantly empowering the organization. The group, often referred to as a "dark money" group, can support political causes without revealing the source of their funding.
Elon Musk&#8217;s influence extends beyond his financial contributions. His social media platform X, which he acquired in 2022, has been used to <a href="https://www.benzinga.com/news/24/09/41082363/heres-how-elon-musk-has-become-a-pro-trump-political-influencer-through-social-media">amplify conservative viewpoints</a> and endorse political candidates. His wealth, online presence, and increased political activity could potentially be advantageous for Trump. 
His political leanings have also been <a href="https://www.benzinga.com/news/24/09/41078347/elon-musk-gets-labelled-as-an-outspoken-trump-supporter-after-journalist-gets-banned-on-x-for-publis">reflected in the operations</a> of his platform X, with independent journalist Ken Klippenstein being barred from the platform for publishing leaked documents associated with J.D. Vance, Trump&#8217;s running mate. 
Photos on 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>

Politics

Elon Musk's Mom Chimes In After Son Says He Can't Handle 4 Years Of 'Seeing And Hearing' Kamala Harris And Tim Walz: 'So True'

Investigative journalist and author Zeke Faux believed the ongoing pro-cryptocurrency stance adopted by presidential nominees Donald Trump and Kamala Harris is miscalculated, as the cohort that finds the asset class appealing isn&#8217;t as large as it&#8217;s made out to be.
What Happened: During a recent <a href="https://finance.yahoo.com/video/why-harris-trump-talking-crypto-215608161.html">discussion</a> at Yahoo Finance&#8217;s Asking For A Trend show, Faux spoke about the rising prominence of cryptocurrency in political dialogue.
"It&#8217;s really wild, especially as someone who covers cryptocurrency,&#8221; Fauz said on the two candidates&#8217; promoting the asset class on the campaign trail. &#8220;Sometimes it&#8217;s kind of hard to cover all of this stuff with a straight face because we&#8217;ve seen so many scams, so much fraud."
Faux, who authored &#8220;Number Go Up,&#8221; a book that critically examined the world of cryptocurrencies, said that politicians are just repeating the industry&#8217;s talking points, while the average enthusiast has become disillusioned.
He even called <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40671868/trumps-bitcoin-strategic-reserve-proposal-will-chip-away-dollars-status-warns-expert-money">Trump&#8217;s pledge </a>to establish a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve, a &#8220;crazy&#8221; idea. 
Faux added that politicians have pushed the idea that there are a lot of Bitcoin voters and that they are doing this to appeal to them, while the truth is quite the reverse.
&#8220;I really don&#8217;t think there&#8217;s a lot of people where cryptocurrency is like top of mind, but there&#8217;s definitely quite a few really rich cryptocurrency guys." he stated.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41148843/much-wow-how-elon-musk-went-from-promising-to-eat-a-happy-meal-if-mcdonalds-adopts-dogecoi">Much Wow! How Elon Musk Went From Promising To Eat A Happy Meal If McDonald&#8217;s Adopts Dogecoin To Promoting A &#8216;DOGE&#8217; Department</a>
Why It Matters: Faux&#8217;s commentary comes as analysts predict the presidential election to be a catalyst for the cryptocurrency market. 
According to&nbsp;QCP Capital, regardless of who wins, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41043989/trump-or-harris-win-us-presidential-election-is-a-win-win-for-the-crypto-market-qcp-capita">the industry stands to benefit</a> in the aftermath. 
Trump started the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001426/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done">cryptocurrency embrace </a>early into his campaign, and after months of speculation, Harris too <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41037763/kamala-harris-strengthens-crypto-stance-the-us-will-remain-dominant-in-ai-and-quantum-comp">put her cards on the table.</a> 
A June survey indicated <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39136615/survey-crypto-stance-could-sway-one-third-of-2024-voters">that one-third of voters will consider a candidate's stance on cryptocurrencies</a> in the&nbsp;upcoming 2024 elections.
Price Action: At the time of writing, Bitcoin was exchanging hands at $61,368.94, down 0.47% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Image via Shutterstock
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$BTC

Trump And Harris Crypto Campaign Wild And Crazy: 'Number Go Up' Author Questions Whether Bitcoin Voters The Real Target: 'There's Definitely Quite A Few Really Rich Cryptocurrency Guys'

Macro Economic Events

Econ #s

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan 10-Year JGB Auction 0.871% Vs. 0.915% Prior

Reported Earlier, Australia Trade Balance For August 5.644B Vs. 5.510B Est.; 5.636B (Revised) Prior

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index For September 53.1 Vs. 53.9 Est.; 53.7 Prior

An influential member of the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) developer ecosystem has openly challenged renowned whistleblower Edward Snowden to prove his claims about the blockchain&#8217;s centralization, sparking a heated debate in cryptocurrency circles.
What Happened: Mert Mumtaz, CEO of Solana-based developer platform Helius, took to X to challenge Snowden&#8217;s assertion that Solana is a centralized network and asked him to provide concrete data to back the claim.
Mumtaz argued that it would be impossible for a single entity to gain control over Solana&#8217;s network, given its vast distribution across different jurisdictions, countries, and governments. 
&#8220;If you can&#8217;t do this and you call Solana centralized, you are full of baloney,&#8221; Mumtaz commented.
He also pointed out that while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) might be more decentralized than Solana, it doesn&#8217;t imply that Solana is centralized. Mumtaz invited Snowden to a live debate on the issue.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Snowden seems to think Solana is centralized — while giving 0 data to back it up I challenge anyone to show me the precise attack vector that would let a single entity exercise a loss of funds, or prolonged power over the network show me, with real data, how you will subdue… <a href="https://t.co/xAfy2pL46L">pic.twitter.com/xAfy2pL46L</a>
&mdash; mert &#x7C; helius.dev (@0xMert_) <a href="https://twitter.com/0xMert_/status/1841424790407520580?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
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The rebuttal was in response to Snowden&#8217;s remarks at the Token 2049 cryptocurrency conference in Singapore, where he touched on Solana&#8217;s operations.
&#8220;A lot of people and you know I don&#8217;t want to name names but Solana are taking good ideas and they&#8217;re just going, &#8216;Well, what if we just centralized everything? It&#8217;ll be faster, it&#8217;ll be more efficient, (and) it&#8217;ll be cheaper.&#8217; Yeah sure, it is. You&#8217;re right, but nobody&#8217;s using it but for like meme coins and scams.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41142958/ripple-etf-could-it-happen-bitwises-filing-faces-uncertain-path-amid-regulatory-concerns">Ripple ETF: Could It Happen? Bitwise&#8217;s Filing Faces Uncertain Path Amid Regulatory Concerns</a>
Why It Matters: Snowden is one of the biggest decentralization advocates, praising Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and cryptocurrencies for their role in resisting state interference. During the Token 2049 conference, he cautioned against <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41102207/edward-snowden-cautions-crypto-industry-not-to-dilute-principles-we-should-defy-bureaucrac">diluting these principles to appease</a> institutional investors.
His remarks questioning Solana&#8217;s challenge come at a time when a prominent cryptocurrency commentator predicted that the network&#8217;s native token SOL <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41084752/solana-to-skyrocket-5x-by-q4-2025-analyst-says-project-has-the-best-chance-of-delivering-t">would jump fivefold by the fourth quarter of 2025</a>.
Last month, Anthony Scaramucci, CEO of SkyBridge Capital, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40973470/anthony-scaramucci-discloses-holding-a-lot-of-solana-backs-the-ethereum-killer-network-to-">highlighted the potential</a> of tokenization to revolutionize the financial system, a sector he believed Solana is well-positioned to lead.
The debate between Mumtaz and Snowden could provide further insights into Solana&#8217;s decentralization and its potential to reshape the future of the internet.
Price Action: At the time of writing, SOL was exchanging hands at $142.07, down nearly 4% in the last 24 hours, according to&nbsp;<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>.
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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.

$ETH

$SOL

Edward Snowden Under Fire: Solana Developer Challenges NSA Whistleblower — 'You Are Full Of Baloney' If You Can't Back Up Your Centralization Claims!

Rakesh Gangwal, a director at Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), has made a significant investment in the company by acquiring 3.6 million shares, valued at over $100 million. This purchase comes amid mounting pressure from activist investor Elliott Investment Management for <a href="https://www.benzinga.com/news/24/08/40187798/activist-investor-elliott-who-criticized-southwest-airlines-for-poor-execution-now-announces-7-stake">changes in leadership</a>.
What Happened: Gangwal, who co-founded InterGlobe Aviation, bought the shares between Sep. 30 and Oct. 1, at prices ranging from $29 to $30 per share, as per the Securities and Exchange Commission filings. 
Appointed to the board in July, Gangwal&#8217;s entry coincided with Elliott&#8217;s push for strategic shifts to boost financial performance. Recently, Southwest announced significant board changes, including the retirement of Executive Chairman Gary Kelly and six other directors. 
Despite Elliott&#8217;s demands for further changes, including the removal of CEO Bob Jordan, Gangwal told Reuters that additional leadership alterations would not benefit shareholders. 
&#8220;I believe changing the board structure and top leadership beyond what has been already announced, would be counterproductive and not in the best interest of shareholders,&#8221; Gangwal said. 
See Also: <a href="https://www.benzinga.com/markets/asia/24/10/41141152/cramer-says-hot-money-flowing-from-nvidia-apple-into-china-focus-on-alibaba-if-you-must?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cramer Says &#8216;Hot Money&#8217; Flowing From Nvidia, Apple Into China, Focus On Alibaba &#8216;If You Must&#8217;</a>
Why It Matters: The backdrop to Gangwal&#8217;s investment is a period of intense scrutiny and pressure from Elliott Investment Management, which has been vocal about its <a href="https://www.benzinga.com/news/24/08/40187798/activist-investor-elliott-who-criticized-southwest-airlines-for-poor-execution-now-announces-7-stake">dissatisfaction with Southwest&#8217;s management</a>. In August, Elliott disclosed a 7% stake in the airline, advocating for a management overhaul, including the replacement of CEO Jordan and Executive Chairman Kelly.
In a strategic move, Elliott nominated <a href="https://www.benzinga.com/m-a/24/06/39252593/elliott-investment-criticizes-southwest-airlines-execution-in-letter-promises-77-stock-return-potent">ten independent candidates for the board</a>, aiming to reshape Southwest&#8217;s leadership. This came after Elliott criticized the airline&#8217;s outdated strategies and poor execution, promising a 77% stock return potential if changes were implemented.
Amid these developments, Southwest Airlines <a href="https://www.benzinga.com/markets/equities/24/09/41045875/whats-going-on-with-southwest-airlines-stock-after-guidance-update">announced a new $2.5 billion share repurchase program</a>, signaling a focus on shareholder value. The airline&#8217;s stock has experienced fluctuations, reflecting investor reactions to these ongoing boardroom dynamics.
Price Action: Southwest Airlines&#8217; stock closed at $29.57 on Wednesday, down 1.04% for the day. In after-hours trading, the stock rose by 2.19%. Year to date, Southwest Airlines has gained 3.83%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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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>

Management

Southwest Airlines Director Rakesh Gangwal Invests Over $100M In Shares Amid Elliott Management's Pressure For Leadership Changes

Nora Volkow, director of the National Institute on Drug Abuse (NIDA), has raised concerns over the cannabis industry&#8217;s marketing strategies, drawing parallels with tactics used by the alcohol and <a href="https://www.benzinga.com/markets/cannabis/23/03/31607995/cannabis-vs-tobacco-the-battle-for-market-share-and-public-health">tobacco industries. </a>
In a blog post <a href="https://nida.nih.gov/about-nida/noras-blog/2024/09/commercial-interests-contribute-to-drug-use-addiction">published</a> last week, Volkow highlighted that older adults &#8211; specifically those aged 65 and above &#8211; are increasingly being &#8220;targeted&#8221; by advertisements promoting the therapeutic benefits of cannabis, a demographic showing the most rapid growth in usage.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39806162/federal-drug-official-treating-drug-addiction-with-incarceration-is-ineffective-and-dangerous-ca">Federal Drug Official: Treating Drug Addiction With Incarceration Is Ineffective And &#8216;Dangerous,&#8217; Calls For Overhaul</a>
"Cannabis products are often sold in colorful packages that mimic kid-friendly snack foods, for example, making them appealing to children and to young people," Volkow said. "The legalization of cannabis by the states and the diversification of cannabis products have led to significant increases in the number of users and the amount of cannabis consumed by them in the U.S."
<h3 class="wp-block-heading">Cannabis Industry&#8217;s Marketing Echoes Past Practices</h3>
"Lessons learned from alcohol and tobacco are also being applied to the sale, marketing, and taxation of cannabis products in states that have legalized the drug for adult use, but policies vary widely by state,&#8221; Volkow said.
While youth usage rates have remained stable despite initial concerns, her primary focus is now on young adults aged 18-30 and the elderly, with a noticeable uptick in consumption in the latter group. 
According to Volkow, "This older age group is being targeted with advertising touting cannabis' alleged therapeutic benefits. As expected, the expanded use of cannabis and the higher doses used have resulted in an increase in the number of individuals suffering from adverse health consequences from these exposures."
The NIDA director has previously expressed concerns over youth exposure to cannabis marketing, and while these fears haven't materialized as initially anticipated, the data suggests that older adults are being influenced by commercial messaging. 
In addition, the Mexican-American psychiatrist called for more research to explore the risks and therapeutic applications of cannabis to inform policies that could help mitigate its harms and ensure safe access for therapeutic use.
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<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40536603/can-thc-turn-back-the-clock-cannabis-reverses-brain-aging-boosts-mental-capacity-new-study-sugge">Can THC Turn Back The Clock? Cannabis Reverses Brain Aging, Boosts Mental Capacity, New Study Suggests</a></li>
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Cover image made with AI.

Cannabis

Fed Health Official: Cannabis Industry Borrowing Marketing Tactics From Tobacco, Alcohol Industries

Tesla and SpaceX CEO Elon Musk has accused OpenAI of unfair funding practices after a report suggested that the <a href="https://www.benzinga.com/news/24/09/41078513/openai-plans-to-more-than-double-chatgpt-price-over-next-5-years-report">AI startup</a> has been discouraging investors from backing rival startups, including xAI.
What Happened: On Wednesday, OpenAI announced that it had <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">completed its latest fundraising</a> at a staggering $150 billion valuation.
During the negotiations, OpenAI insisted on an exclusive funding arrangement, <a href="https://www.ft.com/content/66e0653e-c446-47b2-8a7f-baa54ccbfb9a">reported</a> the Financial Times, citing three people with knowledge of the matter.
This indicates that ChatGPT-maker doesn&#8217;t want investors to support rival startups such as Anthropic and Musk&#8217;s xAI. Naturally, this move has intensified existing tensions with Musk, who is currently suing OpenAI.
See Also: <a href="https://www.benzinga.com/news/24/09/41084112/mark-zuckerberg-says-orion-is-probably-going-to-be-the-next-major-platform-after-phones-metas-new-ar?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Says, Orion &#8216;Is Probably Going To Be The Next Major Platform After Phones&#8217; — Meta&#8217;s New AR Wearables Real-Life Tony Stark Glasses In The Making?</a>
When the news reached Musk on X, formerly Twitter, the Tesla CEO, who co-founded OpenAI in 2015 but stepped down three years later, said, &#8220;OpenAI is evil.&#8221;
<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">OpenAI is evil
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1841531329575268457?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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: OpenAI&#8217;s demand for exclusivity is unusual, as venture capital firms typically diversify their investments across various companies in a sector.
Thrive, a venture capital firm founded by Joshua Kushner, led the funding round, committing $750 million from its own funds and approximately $550 million from its partners.
Other firms, including early OpenAI backer Khosla Ventures, Tiger Global, Altimeter Capital, and the California Public Employees&#8217; Retirement System, have also <a href="https://www.benzinga.com/news/24/09/41078513/openai-plans-to-more-than-double-chatgpt-price-over-next-5-years-report">invested in the company</a>.
Notably, Cathie Wood's Ark Venture Fund and SoftBank Group Corporation have also invested in <a href="https://www.benzinga.com/news/24/09/41078513/openai-plans-to-more-than-double-chatgpt-price-over-next-5-years-report">OpenAI&#8217;s latest funding</a> round.
Other possible participants speculated to be involved include major tech firms like Microsoft Corporation, which has already poured around $13 billion into the AI company over the past five years, as well as Nvidia Corporation.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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.

Elon Musk Says 'OpenAI Is Evil' After ChatGPT-Parent Reportedly Asked Investors Not To Invest In Rivals, Including xAI

On Wednesday, Jensen Huang, CEO of&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) said that the demand for the company&#8217;s next-gen Blackwell GPU <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">platform is &#8220;insane.&#8221;</a>
What Happened: Huang was on CNBC&#8217;s Closing Bell Overtime,&nbsp;alongside&nbsp;Julie Sweet, CEO of&nbsp;Accenture, to discuss their expanded partnership.
During the conversation, he confirmed that Blackwell is in full production and progressing as planned. Huang introduced Blackwell in March as&nbsp;&#8220;a processor for the generative&nbsp;AI era.&#8221; 
&#8220;Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is insane,&#8221; he said on the show, adding, &#8220;Everyone wants to have the most, and everyone wants to be first.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41020589/tech-youtuber-mkbhd-responds-after-facing-massive-backlash-over-his-new-12-a-month-wallpaper-app?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tech YouTuber MKBHD Responds After Facing Massive Backlash Over His New $12 A Month Wallpaper App</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;The demand for Blackwell is insane&quot; <a href="https://twitter.com/nvidia?ref_src=twsrc%5Etfw">@Nvidia</a> CEO Jensen Huang gives <a href="https://twitter.com/jonfortt?ref_src=twsrc%5Etfw">@jonfortt</a> an update on the company&#39;s upcoming chip platforms.<a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> <a href="https://t.co/WcIFeHJEJs">pic.twitter.com/WcIFeHJEJs</a>
&mdash; CNBCOvertime (@CNBCOvertime) <a href="https://twitter.com/CNBCOvertime/status/1841579028530036848?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Nvidia is set to commence sales of&nbsp;Blackwell <a href="https://www.benzinga.com/news/24/08/40616711/nvidias-blackwell-gpu-set-for-q4-shipments-jensen-huang-confirms-mask-change-completion-and-incredib">products in the fourth&nbsp;quarter</a>. These new processors are expected to&nbsp;deliver 2.5 times the performance&nbsp;of Nvidia&#8217;s Hopper chips, which were launched two years ago.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The Blackwell chip platform has been a topic of interest among investors and analysts. Last month, Nvidia faced&nbsp;<a href="https://www.benzinga.com/news/24/09/40800236/nvidia-faces-investor-scrutiny-over-blackwell-chip-delays-big-revenue-expected-report">investor scrutiny</a>&nbsp;over delays in the chip&#8217;s rollout.
Despite these concerns, the company expects &#8220;several billion dollars&#8221; of revenue from Blackwell in its fiscal fourth quarter.
Previously, Huang admitted that the surging demand for Blackwell chips was causing&nbsp;<a href="https://www.benzinga.com/news/large-cap/24/09/40820349/nvidia-ceo-jensen-huang-admits-its-tense-as-surging-demand-for-blackwell-chips-sparks-customer-fru">tension and frustration</a> among some of Nvidia&#8217;s customers due to limited supply.
Having said that, analysts predict a bright future for Nvidia.
Beth Kindig, lead tech analyst at I/O Fund, projected that Nvidia could surge to a $10 trillion valuation, largely due to the potential of the Blackwell chip.
JPMorgan analyst Harlan Sur also asserted that the company is on track for a spectacular fiscal fourth quarter, thanks to the&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">Blackwell GPU platform</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via Flickr/ Maurizio Pesce
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41141844/after-googles-2-7b-acquisition-of-founders-and-staff-this-ai-startup-abandons-large-language-model-p?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Google&#8217;s $2.7B Acquisition Of Founders And Staff, This AI Startup Abandons Large Language Model Plans And Shifts Focus Away From Chatbots</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Nvidia CEO Jensen Huang Says Demand For Next-Gen Blackwell GPU Platform Insane: 'Everyone Wants To Have The Most, And Everyone Wants To Be First'

Nomad Foods (NOMD) has released an update. Nomad Foods Limited has announced the appointment of their Chief Financial Officer, Ruben Baldew, as a n...

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Barclays analyst Andrew Lazar maintained a Buy rating on Nomad Foods (NOMD – Research Report) today and set a price target of $21.00. The company's...

Nomad Foods (NOMD) Gets a Buy from Barclays

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Nomad Foods (NYSE:<a href="https://investorplace.com/stock-quotes/nomd-stock-quote/">NOMD</a>) just reported results for the second quarter of 2024.<ul><li>Nomad Foods reported earnings per share of 47 cents. This was above the analyst estimate for EPS of 45 cents.</li><li>The company reported revenue of $810.80 million.</li><li>This was 0.82% worse than the analyst estimate for revenue of $817.46 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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