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Trump's Niece Slams Gag Order as 'So Bad' For the Former President. Will the Former President End Up in Jail?
Donald Trump's niece, Mary Trump, commented on a New York court upholding a limited gag order on Donald Trump in the New York civil fraud trial, saying that it is"so bad" for the former president. The gag order prohibits Donald Trump from criticizing court staff, particularly the judge's principal law clerk who has come under attack by Donald Trump on social media. Mary Trump said that his "massive ego and insecurity" will make it difficult for him to follow the order.
Apple and Paramount Global in Talks for Discounted Streaming Bundle
Apple and Paramount Global have discussed bundling their streaming services Apple TV+ and Paramount+ together at a discounted price. The discussions are still in the early stages and details like pricing are not clear. Streaming companies are increasingly partnering with rivals to offer bundles that provide access to multiple services at a lower combined price than subscribing separately. Bundles help companies attract and retain more users in the competitive streaming market and aim to make the services more affordable and attractive to subscribers. Apple TV+ includes original shows like The Morning Show. Paramount+ offers content from brands like Nickelodeon, MTV, BET, Comedy Central, and Paramount Pictures.
Pfizer Halts Development of Weight Loss Pill Due to High Rates of Side Effects, Falling Behind Competitors in Booming Market
Pfizer announced it will discontinue the development of the twice-daily version of its experimental weight loss pill after phase 2 trials showed high rates of side effects in patients. Patients taking the twice-daily pill lost significant weight, but many struggled with side effects like nausea, vomiting, and diarrhea. Over 50% of patients stopped taking the pill due to side effects. This is a setback for Pfizer's hopes to enter the lucrative $90 billion weight loss drug market. Pfizer is behind competitors like Novo Nordisk and Eli Lilly in developing more convenient pill treatments for weight loss.
Elon Musk's 75-Year-Old Mom Sleeps on Floor or Garage During Visits
Elon Musk's 75-Year-Old Mom Sleeps on Floor or Garage During Visits
Federal Judge Blocks Montana's Controversial TikTok Ban, Citing Constitutional Concerns
A federal judge in Montana has blocked a new state law that would have banned TikTok starting on January 1st, 2024, which would have been the first statewide ban of TikTok in the US. Montana Governor signed the bill into law in May 2023, arguing it would protect Montanans from surveillance by the Chinese Communist Party. However, the judge ruled that Montana failed to show how the ban would be constitutional. The judge said Montana seemed more interested in targeting China's role in TikTok rather than actually protecting consumers. US lawmakers have previously raised national security concerns about potential Chinese government access to TikTok user data.
Tesla's Cybertruck Makes Jaw-Dropping Debut After Years of Delays
Elon Musk's Tesla delivered the first batch of Cybertrucks on Thursday in a live multi-media event. The Cybertruck can tow up to 11,000 pounds and go from 0-60 mph in 2.6 seconds. It has an estimated battery range of 340 miles. Rear-wheel drive models with 250-mile battery range start at $49,890. All-wheel drive models start at $68,890. The Cybertruck was first unveiled as a concept in 2019 but faced multiple delays due to changes in specifications and the implementing of new technologies.
Warren Buffett-Backed BYD Slashes EV Prices In Year-End Push Amid Intensifying Race With Tesla
China’s leading electric vehicle (EV) manufacturer, Warren Buffett-backed BYD, has announced significant price cuts on several models in a year-end push, heating up its global competition with Tesla.
What Happened: BYD’s price reductions include several Dynasty models like the Qin, Han, Tang, and Song. The discounts range from RMB 3,000 – RMB 10,000 ($423 – $1,410), according to Chinese news outlet The Paper. However, the Ocean series will not see price adjustments, Electrek reported.
Neiman Marcus Rejects $3 Billion Takeover Bid from Saks Fifth Avenue, Maintaining Independence
Neiman Marcus has rejected a $3 billion takeover bid from rival luxury retailer Saks Fifth Avenue. The luxury retail sector is facing a downturn, adding more urgency for Neiman and Saks to finalize a deal. A merger between Saks and Neiman could help the companies negotiate better terms with suppliers and reduce duplicate costs by streamlining operations. Deal talks between Neiman and Saks have been ongoing for a long time but they have struggled to come to an agreement on valuation and structure.
Beverage Marketing Leader Shares What It Takes To Make A Product And Brand Stand Out In A Crowded Market
Sean Dollinger, CEO of LQR House, was recently a guest on Benzinga’s All-Access.
LQR House is a leading marketing agency specializing in the spirits and beverage industry. The company has also partnered with CWSpirits.com, one of the leading e-commerce sites for alcohol. This allows LQR House to be the only alcohol marketing agency with the ability to track and report revenue generated from its own e-commerce platform.
Charlie Munger Revealed Berkshire Hathaway's Massive $157 Billion Cash Before Death
Charlie Munger, Warren Buffett's longtime business partner and vice chairman of Berkshire Hathaway, said Berkshire Hathaway had $157 billion in cash reserves plus a good credit rating, in an interview with CNBC shortly before his death. However, Munger and Buffett were reportedly unable to pull off one last big deal together using Berkshire's huge cash pile. Munger remained optimistic that future Berkshire leaders like Greg Abel or Ajit Jain may be able to execute a large "elephant-sized" acquisition to deploy the company's capital. With interest rates rising, Berkshire's cash is now earning a substantial return but the company continues to look for the right large acquisition opportunity.
OpenAI's Tender Offer Still on Track for January 2024 Despite Leadership Changes
OpenAI's tender offer to allow employees to sell shares to outside investors is still on track for January 2024, despite recent leadership changes. The tender offer is being led by Josh Kushner's Thrive Capital. It will value OpenAI at around $86 billion, which is 3 times OpenAI's previous funding round in April 2022, that valued the company at $28 billion. The tender offer was temporarily jeopardized by Sam Altman's removal as CEO earlier this month, but his return to the role has cleared the way for it to proceed. Microsoft, which owns a 49% stake in OpenAI, will have a non-voting board observer seat but is not participating in the tender offer. Major investors like Tiger Global and Seh-coi-ya Capital also may not participate.
Robinhood CEO Vlad Tenev Defends Payment for Order Flow, Saying 'It's Here to Stay'
Robinhood CEO Vlad Tenev defended payment for order flow in a CNBC interview, saying it's "inherently here to stay." PFOF describes the practice of routing trades through market-makers like Citadel Securities in return for a slice of the profits. PFOF accounts for only about 5% of Robinhood's current revenues. Most of its income now comes from net interest on customer balances. Transaction revenues including PFOF decreased 7% in the last quarter. While banned in some jurisdictions like the UK and EU, Tenev believes PFOF is "inherently here to stay" in the US market due to its role in Robinhood's and other brokers' business models.
Bitdeer (NASDAQ: $BTDR) Joins Forces With Nvidia In Cloud Service Launch
Bitdeer Technologies Group, a trailblazer in blockchain and high-performance computing, has recently announced a strategic partnership with NVIDIA Corporation Get Free Report, marking a significant milestone in its journey. This collaboration heralds the launch of Bitdeer AI Cloud, setting the stage for a new era in cloud computing and AI capabilities from Bitdeer.
Check Out 3 Real Estate Stocks With Over 6% Dividend Yields From Wall Street's Most Accurate Analysts
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Above are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector.
Trump Vs. Biden: Current President Takes Back Lead In 2024 Election Poll, Here's The Current Margin
A weekly poll from Morning Consult asks voters who they would pick in hypothetical 2024 election matchups.
While Biden won the 2020 election, recent election polls had shown Trump pulling ahead. Here's a look at the latest weekly national voter poll.
Did Elon Musk And Tesla Overpromise And Underdeliver With The Cybertruck?
David Trainer, Founder and CEO of New Constructs
David Trainer is a Wall Street veteran and corporate finance expert. He specializes in reversing accounting distortions on the underlying economics of business performance and stock valuation. He was a member of FASB’s Investor Advisory Committee from 2013-2017 and is author of Modern Tools for Valuation (Wiley Finance 2010). David founded New Constructs to use the latest Natural Language Processing technology to identify and analyze every data point in an SEC filing from the MD&A, financial statements, and footnotes. New Constructs covers over 3000 stocks, 7,000 mutual funds, and 400 ETFs by leveraging its Robo-Analyst technology.
#1 Morning Stock Show To Get You Ready For The Stock Market Open, PreMarket Gainers, Earnings This Week, Economic Data & More! Benzinga PreMarket Prep 8:00AM ET- 9:00AM ET BenzingaTV on YouTube.
Dell Technologies Shares Are Trading Lower After The Company Reported Mixed Q3 Financial Results, What Investors Need To Know
Dell Technologies (NYSE:DELL) reported quarterly earnings of $1.88 per share which beat the analyst consensus estimate of $1.47 by 27.89 percent. This is a 18.26 percent decrease over earnings of $2.30 per share from the same period last year. The company reported quarterly sales of $22.25 billion which missed the analyst consensus estimate of $23.00 billion by 3.26 percent. This is a 9.99 percent decrease over sales of $24.72 billion the same period last year - Benzinga Pro
Trump Targets New York Civil Fraud Trial Judge's Wife, Says She Has Taken Over 'Witch Hunt Trial' Aimed At Him And His Family
Ex-President Donald Trump has employed social media to accuse Dawn Engoron, wife of Judge Arthur Engoron who is overseeing his ongoing civil fraud trial in New York City.
What Happened: The Hill reported that Trump, on Wednesday, claimed that Dawn Engoron owns an account on social media platform X, previously known as Twitter, where anti-Trump posts have been visible. Laura Loomer, a conservative activist, initially brought these allegations to light.
“Judge Engoron's Trump Hating wife, together with his very disturbed and angry law clerk, have taken over control of the New York State Witch Hunt Trial aimed at me, my family, and the Republican Party," Trump wrote Wednesday in a Truth Social post.”
Bitcoin Surges On MicroStrategy's Bold Purchase; Ethereum and Dogecoin Follow Suit: Analyst Sees ETH Hitting $3,500 After SEC Acknowledges Fidelity Spot ETF Filing
Eli Taranto, Executive Director at EQI Bank said inflation data coming out of the US shows signs of cooling.
Crypto analyst Daan Crypto Trades, the pricing of Bitcoin has significantly improved.
Santiment, an on-chain data analytics firm, the number of ETH exchange wallets has reached its lowest level in 6 months.
Cathie Wood's Ark Invest Continues to Jettison Coinbase Shares As Anticipation Builds Around Approval of Bitcoin Spot ETF
On Thursday, Cathie Wood-led Ark Invest made a significant move by selling a substantial amount of Coinbase shares.
The Coinbase Trade
Ark Invest’s decision to offload $4.7 million worth of Coinbase shares aligns with the recent market trends and Wood’s strategic adjustments in her portfolio. Ark sold a total of 37,377 Coinbase shares through ARK Next Generation Internet ETF ARKW.