Oblongの空売り状況は、投資家がOblongの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Oblong (NASDAQ:OBLG) 株価情報, 空売り情報

Oblong

Oblong Inc is a provider of patented multi-stream collaboration products and managed services for video collaboration and network solutions. The company's flagship product Mezzanine is the technology platform that defines computing: simultaneous multi-user, multi-screen, multi-device, and multi-location for dynamic and immersive visual collaboration. Mezzanine transforms routine meetings and workflows into agile, engaging experiences by making data visible and accessible in a collaborative setting. Mezzanine enables multiple, concurrent pieces of content to be shared, manipulated, created, and captured across distance. It serves various industries including aerospace, consulting, executive search, broadcast media, technology, financial services, education, healthcare, real estate.

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オラクル・コーポレーション (NYSE:ORCL) の株価は、同社が第4四半期決算を発表した後、本日のプレマーケット取引で急騰しました。オラクルは自社の2021年4月～6月期決算において、予想を下回る決算を発表しました。同社は、アルファベット（Alphabet Inc）（NASDAQ:GOOGL）（NASDAQ:GOOG）のGoogle Cloudと提携することも発表しました。

オラクルの株価9%上昇の理由

Oblong Inc

Timothy Mellon, an heir to the Mellon banking fortune, reportedly donated $125 million to pro-Trump Super PAC Make America Great Again, Inc., placing him as a key donor to Trump&#8217;s 2024 Presidential race in addition to billionaire Elon Musk.
What Happened: Mellon, grandson of businessman Andrew Mellon, donated $125 million to the PAC that supported President-elect Donald Trump, Fortune <a href="https://fortune.com/2024/11/09/timothy-mellon-net-worth-top-donor-trump-campaign-elon-musk/">reported</a>, citing Federal Election Commission documents. Mellon also donated to help Republican congressional candidates and towards Robert F. Kennedy Jr, taking his total donations in favor of Republican candidates to $165 million, the report added.
Musk, meanwhile, gave <a href="https://www.benzinga.com/news/24/10/41561298/elon-musk-pumps-more-than-130m-into-trump-and-gop-campaigns">at least $119 million to his pro-Trump American PAC</a>. However, unlike Musk who was <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41709990/trump-and-tesla-what-the-future-holds-for-elon-musks-ev-giant-in-case-of-a-gop-win">vocal about his support for Trump</a> and actively campaigned for the Republican, Mellon was quieter.
Why It Matters: According to Forbes, the Mellon family has a net worth of over $14 billion, making them one of America&#8217;s richest families.
In the 2020 election, Mellon donated $60 million to Republican candidates. Mellon has previously also donated to conservative causes such as Texas Governor Greg Abbott's fund to build a wall on the state's border with Mexico, Fortune noted. 
"I think what it comes down to is he wants to be left alone, and he wants no one to tax him. It's that libertarian viewpoint that's become radicalized. There are a lot of really rich people out there who just don't need to think about what's best for America anymore&#8230;.… It's just setting aside the interests of a lot of people for yourself," one of Mellon&#8217;s family members <a href="https://www.vanityfair.com/news/story/tim-mellon-maga-mega-donor?srsltid=AfmBOorIwtVxqRZnOyGhWJaGXK7oBuEfkXCASAweP-iC7jp4sKPNu83w">told </a>Vanity Fair about Mellon&#8217;s political leaning. 
Read Next: 
<a href="https://www.benzinga.com/24/11/41867032/trumps-tariff-plans-on-canadian-goods-would-inevitably-hurt-american-workers-warns-justin-trudeau">Trump&#8217;s Tariff Plans On Canadian Goods Would &#8216;Inevitably Hurt&#8217; American Workers, Warns Justin Trudeau</a>
Image via Flickr

Politics

Billionaire Heir Timothy Mellon's $125M Trump Donation Surpasses Elon Musk's Election Contributions: Report

Warren Buffett, the legendary investor, has made a significant move <a href="https://www.benzinga.com/markets/24/08/40303410/warren-buffett-declares-shift-selling-apple-stock-to-invest-in-this-magnificent-megacap-heres-why">by reducing his stake</a> in Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and other stocks, generating a whopping $97 billion in gains for his company, Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>).
What Happened: Buffett, last week, disclosed that he continued to cut his position in Apple and other stocks in the third quarter, leading to a $97 billion gain for Berkshire Hathaway. This move has raised Berkshire&#8217;s cash levels to an <a href="https://www.benzinga.com/markets/equities/24/11/41747587/buffett-amasses-a-325-billion-cash-pile-halts-berkshire-buybacks">all-time high of $325 billion</a>, accounting for 28% of its asset value.
Buffett&#8217;s decision has left investors and analysts speculating about the reasons behind the sale. Some investors and analysts suggest that Buffett, a follower of renowned value investor Benjamin Graham, is sticking to his principles, citing Apple&#8217;s relatively high price-to-earnings ratio compared to its potential earnings growth.
See Also: <a href="https://www.benzinga.com/personal-finance/24/11/41850076/warren-buffett-jokes-hed-be-eating-thanksgiving-dinner-at-mcdonalds-if-it-wasnt-for-uncle-sam-stepping-up">Warren Buffett Jokes He&#8217;d Be &#8216;Eating Thanksgiving Dinner At McDonald&#8217;s&#8217; If It Wasn&#8217;t For &#8216;Uncle Sam&#8217; Stepping Up</a>
Others speculate that Buffett, who has often lauded Apple, might be preparing for his successor or anticipating a potential crisis, hence the need to accumulate cash. &#8220;It is such a strange thing to see&#8230; [and it] begs the question, &#8216;Why is so much cash being built up?'&#8221; pondered Morningstar analyst Greggory Warren, <a href="https://www.ft.com/content/4ebb68c0-b568-414e-9c70-89b7cd1508c9">reported</a> the Financial Times.
Warren also pointed out that he didn&#8217;t think Buffett was gearing up for a major acquisition, given his recent struggle to compete with other buyers. Moreover, Berkshire hasn&#8217;t been providing capital to large US businesses like Intel that have been seeking tens of billions of dollars of capital to fund their operations.
Buffett has also reduced his buying of other stocks this year, acquiring equities worth just $5.8 billion through the end of September, a figure overshadowed by the $133.2 billion of stock sales Berkshire has carried out.
Jeff Muscatello, a research analyst at Berkshire investor Douglass Winthrop, suggested that the impending management transition could be a factor in Buffett&#8217;s decision to cash out. &#8220;The nearing inevitable management transition makes it an opportune time to clear the decks for the next generation,&#8221; he said.
Why It Matters: This move comes after Berkshire Hathaway <a href="https://www.benzinga.com/news/earnings/24/11/41700887/berkshire-hathaway-reports-decline-in-q3-operating-earnings-further-reduces-apple-stake">reported a decline</a> in third-quarter operating earnings, driven by weakness in the insurance underwriting segment. Approximately 70% of the aggregate fair value was concentrated in five companies as of September 2024.
An earlier report pointed out that Buffett&#8217;s Berkshire Hathaway <a href="https://www.benzinga.com/markets/equities/24/10/41428505/warren-buffett-may-have-missed-out-on-23m-worth-of-profits-after-selling-apple-stocks-report">missed out on $23 billion in profits</a> by significantly reducing its stake in Apple. This move puzzled investors, with some experts suggesting that Buffett prefers round numbers, so stopping at 400 million shares might not be a big deal. Others saw Buffett positioning Apple as a key, long-term investment, similar to how he views Coca-Cola.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/11/41867104/lucid-ceo-scrambles-for-damage-control-as-shares-plunge-47-this-year-as-a-major-shareholderbelieve-me-nobody-is-more-incentivized-than-me-for-success">Lucid CEO Scrambles For Damage Control As Shares Plunge 47% This Year: &#8216;As A Major Shareholder…Believe Me, Nobody Is More Incentivized Than Me For Success&#8217;</a>
Image via Shutterstock

Equities

General

AAPL

Warren Buffett's Apple Stake Reduction Spurs $97B Cash Surge—Analysts Speculate This Could Be The Reason Behind Berkshire Hathaway's Massive Cash Pile

The Republican party is on the brink of securing control of the U.S. House of Representatives, a development that could significantly impact the legislative landscape when Donald Trump makes a White House comeback in January.
What Happened: The Republicans are close to securing the majority in the House, having won 212 seats in the 435-member House, Reuters reported citing Edison Research. The party needs to secure six more seats to maintain control of the House.
With the Senate already under Republican control, this would give the party significant power to push through a wide-ranging agenda, including tax and spending cuts, energy deregulation, and border security measures.
Despite the ongoing vote count, the Republicans have already secured enough wins to take control of the Senate from the Democrats. However, the results of 19 House races, mainly in competitive districts in Western states, are still unclear.
See Also: <a href="https://www.benzinga.com/tech/24/11/41834327/elon-musk-reveals-toughest-part-of-building-teslas-humanoid-robot-improving-the-design-of-optimus-for-ease-of-manufacturing?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reveals Toughest Part Of Building Tesla&#8217;s Humanoid Robot</a>
Republican senators are set to decide next week on the party&#8217;s leader in the Senate for 2025, with John Thune, John Cornyn, and Rick Scott vying for the position. On Saturday, Senators Bill Hagerty and Rand Paul endorsed Scott over the more senior Thune and Cornyn, who were initially seen as favorites.
Why It Matters: The Republicans&#8217; potential control of the House comes on the heels of Trump&#8217;s victory in the <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">2024 presidential election</a>. The party had already secured the Senate, ensuring that Trump&#8217;s party would control at least one chamber of Congress in the coming year.
However, there are concerns about the future of the U.S. intelligence community under Trump&#8217;s leadership, with critics fearing that he could further politicize these institutions, <a href="https://www.benzinga.com/markets/24/11/41866236/cia-could-be-politicized-under-trump-with-loyalists-eyeing-key-intel-roles">using them to serve his personal and political interests</a> rather than their traditional role of safeguarding national security.
Meanwhile, Trump also plans to expand the <a href="https://www.benzinga.com/markets/equities/24/11/41865860/trumps-plan-to-expand-federal-death-penalty-could-face-hurdles">federal death penalty during his second term</a>, including making more individuals eligible for execution. This has raised concerns among criminal justice reform advocates and anti-death penalty groups.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41851865/bitcoin-to-200000-ethereum-to-10000-and-crypto-market-cap-to-4x-by-end-of-2025-says-standard-chartered?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin To $200,000, Ethereum To $10,000 And Crypto Market Cap To 4X By End Of 2025, Says Standard Charter</a>
Image via Wikimedia Commons

Republicans On The Verge Of Seizing Control Of US House, Paving Way For Bold Reforms In Trump's Second Term

Shares of EV maker Lucid Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) closed at $2.21 on Friday, down by nearly 47% since the start of this year. 
What Happened: Lucid CEO Peter Rawlinson sought to assuage investor concerns of dropping share value at the company&#8217;s <a href="https://www.benzinga.com/24/11/41838253/lucid-rises-nearly-5-in-pre-market-after-strong-q3-results-opening-orders-for-gravity-suv">third-quarter earnings call this week.</a> 
&#8220;I want to assure you that we&#8217;re taking significant steps to deliver long-term shareholder value,&#8221; Rawlinson said while adding that &#8220;challenging&#8221; market conditions combined with a number of factors have affected the company&#8217;s share price. &#8220;This is a long-term play, and we&#8217;re indeed, we&#8217;re actively working on several initiatives both to drive growth and to improve our financial performance.&#8221;
Rawlinson pointed to his holding in the EV company and said, &#8220;&#8230;as a major shareholder myself personally, believe me, nobody is more incentivized than me for success. And what&#8217;s less known, I relate to you all because I put so many of my own savings into this company to make it happen.&#8221;
Rawlinson added that he has not sold a single share of his Lucid stock &#8220;except what was necessary for tax purposes.&#8221;
Rawlinson evaded another question on whether Saudi Arabia&#8217;s Public Investment Fund (PIF) will consider buying out Lucid saying it is not his place to speak for the sovereign wealth fund. PIF is a majority stakeholder in Lucid with a nearly 60% stake in the company. It has invested about $8 billion in Lucid since 2018.
Why It Matters: According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pr</a>o, Rawlinson currently owns about 18.5 million shares of Lucid, worth roughly $41 million as of the stock&#8217;s closing price on Friday of $2.21. 
Rawlinson, however, is not the sole CEO with a stake in the company they run. 
Tesla Inc CEO Elon Musk holds <a href="https://www.benzinga.com/news/24/07/39613049/tesla-ceo-elon-musk-divulges-his-publicly-traded-stock-portfolio-and-its-in-stark-contrast-to-that-o">411 million shares</a> of his EV giant, worth about $132 billion as of the company&#8217;s closing share price on Friday of $321.22. 
Rivian Automotive CEO RJ Scaringe, <a href="https://www.benzinga.com/news/24/08/40574576/rivian-or-lucid-which-of-the-two-loss-making-ev-startups-is-solving-cash-burn">meanwhile</a>, holds about 3.5 million shares of his company, worth about $37 million. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/09204536/newplot-16.jpeg" alt="" class="wp-image-638944" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/09204536/newplot-16.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/09204536/newplot-16-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
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>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/41838253/lucid-rises-nearly-5-in-pre-market-after-strong-q3-results-opening-orders-for-gravity-suv" target="_blank" rel="noreferrer noopener">Lucid Rises Nearly 5% In Pre-Market After Strong Q3 Results, Opening Orders For Gravity SUV</a></li>
</ul>
Photo by Around the World Photos on Shutterstock

Tech

LCID

Lucid CEO Scrambles For Damage Control As Shares Plunge 47% This Year: 'As A Major Shareholder…Believe Me, Nobody Is More Incentivized Than Me For Success'

<a href="https://www.benzinga.com/personal-finance/24/11/41781968/suze-orman-says-if-youre-rich-like-her-then-you-can-retire-early-but-if-you-only-have-2-million-">Suze Orman</a> had some strong words for a listener who considered drastically changing her IRA's investment strategy. In a <a href="https://omny.fm/shows/suze-ormans-women-and-money/ask-kt-suze-anything-do-not-live-in-a-home-of-ange">recent episode</a> of the Women &amp; Money podcast, a listener named Jane shared her concerns about the current state of the market and asked Orman if it would be smart to sell all her current IRA investments.&nbsp;
Don't Miss:
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<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/100k-cd">$100K Sitting In A CD Account, Should I Move Money Into The Stock Market?</a></li>
</ul>
Jane said the idea behind this would be to place the proceeds into a money-market fund within the IRA, then dollar-cost average back into the market over time, assuming prices might decline shortly.&nbsp;
Orman responded directly: "It's the worst idea I've ever heard in my life."
"Jane, don't do it," KT, Orman's wife and co-host, echoed Orman's sentiments. They quickly explained why they advised against this strategy.&nbsp;
The biggest flaw in Jane's idea, according to Orman, was her assumption that the market would drop. No one can predict this with certainty. "You don't know that they're going to come down," Orman said. "They could continue to go up and up and there you are sitting on the sideline waiting for them to come down."
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
By selling all of her holdings within the IRA, Jane would, in effect, be trying to time the market. Orman says this carries considerable risk, as there's no guarantee the market will drop and Jane could miss out on potential gains while she waits for a dip that might never happen. Orman highlighted that staying invested allows for continued growth opportunities, even during <a href="https://www.benzinga.com/government/24/11/41742193/getting-to-the-other-side-of-election-uncertainty">uncertain market conditions</a>.&nbsp;
Orman suggested that Jane focus on a more traditional approach by maintaining her current investments while adding new money to her IRA. She recommended that Jane apply dollar-cost averaging to her contributions, which involves investing fixed amounts regularly, regardless of market conditions. Many investment experts state that this approach can help reduce the impact of volatility over time and doesn't require trying to anticipate market highs or lows.&nbsp;
Trending: Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a>
For Orman, <a href="https://www.benzinga.com/personal-finance/24/08/40430034/you-look-at-what-you-had-not-what-you-have-and-other-investor-mistakes-that-suze-orman-says-you-">dollar-cost averaging</a> provides a balanced path forward that avoids making large, potentially risky moves to catch market downturns. Orman believes in a disciplined, consistent investment strategy that capitalizes on long-term growth and minimizes emotional responses to fluctuations.&nbsp;
Timing the markets can be risky and Orman has maintained this stance. Financial experts often caution against this strategy, as it's notoriously difficult to predict movements accurately. Selling and reinvesting at the wrong times can lead to significant losses, missed gains and increased anxiety about market changes.&nbsp;
See Also: Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a>
In Jane's case, even if her strategy resulted in a successful reentry at lower prices, it would involve a high level of risk and vigilance, something that Orman suggests could undermine her <a href="https://www.benzinga.com/personal-finance/24/09/40777048/24-year-old-gets-best-job-of-his-life-and-wants-to-invest-but-dave-ramsey-says-youre-broke-and-i">financial stability</a>.&nbsp;
Orman's advice focuses on a steady, long-term approach to investing. For those in similar situations with retirement accounts like IRAs, Orman emphasizes sticking to a consistent investment strategy and avoiding drastic changes based on predictions of what the market might do.&nbsp;
If you want to improve or change your investment strategy, consider speaking with a trusted <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a>. They can help you navigate the nuances of complex strategies and outline a plan tailored specifically to your unique financial goals.&nbsp;
Read Next:
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
</ul>

Personal Finance

'The Worst Idea I've Ever Heard In My Life,' Suze Orman Responds To Listener About Selling Everything Within IRA And Reinvesting

Canadian Prime Minister Justin Trudeau warned that any tariffs or trade barriers imposed by the U.S. on Canadian goods could harm American workers.
What Happened: During a press conference in Vancouver on Friday, Trudeau highlighted the deep-seated interconnectedness of the supply chains between the US and Canada. He asserted that any increase in border restrictions or imposition of tariffs would &#8220;inevitably hurt&#8221; American jobs and workers, given Canada&#8217;s reliability as a trade partner, <a href="https://www.bloomberg.com/news/articles/2024-11-09/trudeau-warns-us-tariffs-on-canada-would-hurt-american-workers">reported</a> Bloomberg.
Trudeau&#8217;s comments were directed at President-elect Donald Trump, who has proposed a minimum 10% tariff on all U.S. imports, with no exemptions for Canada. Economists at Desjardins estimate that this policy could lead to a 1.7% reduction in Canada&#8217;s real GDP by the end of 2028.
Trump has expressed his intention to implement a &#8220;pro-American trade policy that uses tariffs to encourage production here and bring trillions and trillions of dollars back home.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But &#8216;Sharp&#8217; Correction Might Be In</a>
Trudeau reiterated Canada&#8217;s alignment with the U.S. in addressing &#8220;overcapacity&#8221; from China, proposing 100% tariffs on electric vehicles from China and 25% tariffs on steel and aluminum.
"There's an awful lot Canada and the US are going to be able to do together to successfully compete with the world," the Canadian PM said.
Why It Matters: The warning from Trudeau comes in the wake of Trump&#8217;s victory in the U.S. presidential election. Analysts have suggested that Trump&#8217;s return to the White House could lead to a shift in the commodity market, with a potential impact on the steel industry. Trump&#8217;s history of deregulation and tariff-heavy policies could result in greater domestic support for the U.S. steel industry, <a href="https://www.benzinga.com/markets/commodities/24/11/41793159/trumps-victory-a-tailwind-for-domestic-steel-risk-for-canada-say-analysts">according to analysts at JPMorgan Chase &amp; Co</a>.
Trump&#8217;s proposed tariffs have also raised concerns about their potential impact on American consumers. A study by the National Retail Federation (NRF) warned that the proposed tariffs could <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">significantly impact American consumers,</a> potentially reducing annual spending by $78 billion.
Trump&#8217;s specific plans concerning tariffs and taxes have been unclear and have varied greatly. The 2024 Republican Party platform calls for &#8220;baseline Tariffs on Foreign-made goods.&#8221; According to the Tax Policy Center, Trump most often promotes a <a href="https://www.benzinga.com/government/24/11/41828468/trump-says-hed-replace-income-taxes-with-tariffs-the-potential-economic-fallout">10% worldwide tariff and a 60% tax </a>on imported Chinese goods.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41798981/jim-cramer-calls-trumps-return-to-white-house-a-huge-win-for-the-stock-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Calls Trump&#8217;s Return To White House A &#8216;Huge Win For The Stock Market&#8217;</a>
Image Via Shutterstock

Trump's Tariff Plans On Canadian Goods Would 'Inevitably Hurt' American Workers, Warns Justin Trudeau

Rep. Nancy Pelosi (D-Calif.) says that Donald Trump&#8216;s victory in the presidential race is due in large part to President Joe Biden&#8216;s reluctance to withdraw.
What Happened: In an interview with the The New York Times on Friday, Pelosi, the former House speaker, suggested that an earlier exit by Biden might have paved the way for a more competitive primary.
During the interaction with <a href="https://www.nytimes.com/2024/11/08/us/politics/pelosi-harris-biden-open-primary.html">the</a> outlet, Pelosi said that Biden&#8217;s delayed withdrawal from the race obstructed the potential for an open primary.
&#8220;Had the President gotten out sooner, there may have been other candidates in the race,&#8221; Pelosi said.
She further noted that Biden&#8217;s swift endorsement of Vice President Kamala Harris after his withdrawal made it exceedingly difficult for other potential candidates to compete.
&#8220;Because the President endorsed Kamala Harris immediately, that really made it almost impossible to have a primary at that time. If it had been much earlier, it would have been different,&#8221; Pelosi added in the interview.
Also Read: &nbsp;<a href="https://www.benzinga.com/startups/24/11/41714647/nancy-pelosi-claims-trump-will-double-down-on-tariffs-and-benefits-for-donors-she-warns-these-moves">Pelosi Claims Trump Will Double Down On Tariffs And Benefits For Donors</a>
Additional comments provided by Pelosi&#8217;s office from the interview emphasized her belief that Harris could have emerged stronger from an open primary. 
Pelosi also underscored Harris&#8217;s strengths, stating, &#8220;I don&#8217;t think that any review of the election should be predicated on weaknesses, but strengths of Kamala Harris. She gave people hope. She caused a great deal of excitement in all this.&#8221;
Despite her critique of Biden&#8217;s political strategy, Pelosi recognized his administration&#8217;s legislative accomplishments. She also secured her 20th term representing California, despite the Democratic Party&#8217;s nationwide setbacks.
Why It Matters: Pelosi&#8217;s critique of Biden&#8217;s late withdrawal and swift endorsement of Harris highlights the potential impact of these decisions on the competitiveness of the primary. 
The Speaker&#8217;s comments suggest that an open primary could have led to a stronger candidate emerging, potentially changing the course of the election. 
This development underscores the importance of strategic decision-making in political races and the potential implications of such decisions on election outcomes.
Read Next
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Flickr

Pelosi Faults Biden's Late Withdrawal For Trump's Victory

Former NBA superstar Shaquille O&#8217;Neal made an unexpected addition to his car collection, acquiring a new Mercedes-Benz Sprinter and an S-Class in a spontaneous purchase.
What Happened: O&#8217;Neal had a custom Mercedes-Benz Sprinter delivered to his Atlanta estate. The luxury vehicle, customized by Effortless Motors, features a fully decked out cabin in brown leather, ambient lighting, an LCD screen, and a refrigerator.
Upon the delivery of the Sprinter, O&#8217;Neal also decided to purchase the S-Class that the Effortless Motors team arrived in, leaving them to return via Uber, <a href="https://www.autoevolution.com/news/shaquille-o-neal-buys-the-car-of-the-team-that-delivers-his-van-they-have-to-call-an-uber-242329.html">reports</a> Autoevolution.
The S-Class, as per the Instagram post, is an S 550 model. According to the outlet Shaq had totally forgotten he'd ordered a Sprinter. &#8220;Oh, that's right, I bought a Sprinter!&#8221; he said, surprised, when he saw it parked in his driveway. 
Also Read: <a href="https://www.benzinga.com/general/politics/24/10/41304838/nba-legend-shaq-admitted-that-he-never-voted-in-presidential-election-until-2020-as-he-urged-oth">NBA Legend Shaq Admitted That He &#8216;Never Voted&#8217; In Presidential Election Until 2020</a>
But his attention was quickly drawn to the stylish S-Class that the tuner&#8217;s team drove over in. &#8220;I'm getting this one right now!&#8221; Shaq excitedly told the owner.
The current W223 lineup does not include an S 550 for America, suggesting the vehicle could be either the S 500 4MATIC Sedan or the S 580e 4MATIC with a plug-in hybrid system.
Why It Matters: O&#8217;Neal&#8217;s love for unique and eye-catching cars is well-known. His collection boasts several Rolls-Royces, a custom TRX Apocalypse truck, and three Tesla Cybertrucks. 
The latest purchases not only expand his collection but also highlight his preference for luxury and comfort. 
The customization of the Sprinter by Effortless Motors underscores the growing trend of personalized luxury vehicles among celebrities.
Read Next
<a href="https://www.benzinga.com/news/24/09/40764081/nba-star-chris-paul-says-to-prioritize-family-you-really-dont-realize-what-you-have-until-its-gone">NBA Star Chris Paul Says To Prioritize Family: &#8216;You Really Don&#8217;t Realize What You Have Until It&#8217;s Gone&#8217;</a>
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.
Photo: Shutterstock

Sports

Shaq Buys Out Delivery Team's Van and Car, Leaving Them To Catch An Uber

Anthony Scaramucci, the former White House communications director, has shed light on the key factors that led to Donald Trump&#8216;s victory in the presidential race <a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman">against Vice President Kamala Harris</a>.
What Happened: In an interview on Friday, Scaramucci, who will be a headline speaker at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19, said, &#8220;He won fair and square.&#8221;
&#8220;I&#8217;m an American citizen, and I love my country, and I want him to succeed. I&#8217;m not going to whine about it. I mean, it&#8217;s over,&#8221; Scaramucci said.
Scaramucci, who initially doubted Trump&#8217;s chances, confessed his error. &#8220;I got it wrong. I got it wrong for lots of different reasons,&#8221; he said. He highlighted four primary reasons for Trump&#8217;s triumph. 
Speaking <a href="https://www.businessinsider.com/why-trump-won-election-kamala-harris-biden-democrats-anthony-scaramucci-2024-11">with</a> Business Insider, first, he mentioned the highest inflation rate in over 40 years, which voters held Harris and Joe Biden accountable for, despite it being a worldwide issue triggered by supply-chain disruptions during and post-pandemic.
&#8220;She probably needed to go a little harder at the economic agenda, and she probably needed to diverge herself from Joe Biden,&#8221; Scaramucci told the outlet. &#8220;That was a hard thing for her to do because of the relationship there.&#8221;
Also Read: <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">Scaramucci: &#8216;Trump Is In Trouble And He Knows It&#8217;</a>
Second, Scaramucci observed that voters disregarded Trump&#8217;s &#8220;menacing&#8221; rhetoric, including threats to deploy the US military against political adversaries and to revoke the FCC licenses of certain networks.
Third, Scaramucci indicated that some Americans hesitated to vote for Harris due to her gender. Lastly, he argued that Trump&#8217;s victory was a response to what many conservatives view as identity politics or &#8220;wokeness.&#8221;
In an interview <a href="https://www.youtube.com/watch?v=nkrL-QNmico">with </a>Times Radio, Scaramucci spoke about Elon Musk&#8216;s role in Trump&#8217;s victory and said &#8220;Musk and Trump's other new allies will have their &#8216;hades moment&#8217; with the president-elect within a matter of time.&#8221;
&#8220;The people that are going to go work for him, the day of their demise starts on the first day of that job. Trump will unleash hell on Elon Musk in a matter of time,&#8221; he said during the interview. 
Why It Matters: Scaramucci&#8217;s analysis provides a comprehensive look at the factors that influenced the election outcome. The inflation rate, Trump&#8217;s rhetoric, gender bias, and the backlash against identity politics all played a role in shaping voter decisions. 
This insight could be crucial for future elections, as it highlights the issues that resonate with voters and the challenges that candidates may face.
Read Next
<a href="https://www.benzinga.com/news/24/10/41564062/scaramucci-election-too-close-to-call-but-expects-harris-to-win-and-trump-to-try-to-avoid-jail">Scaramucci: Election &#8216;Too Close To Call&#8217; But Expects Harris To Win And Trump To Try To Avoid Jail</a>
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.
Photo: Shutterstock

Scaramucci On Trump Win: 'I Got It Wrong, I'm Not Going To Whine About It'

Anti-abortion advocates are gearing up for a concerted push to roll back abortion <a href="https://www.benzinga.com/news/24/09/40971766/trump-says-women-would-no-longer-be-thinking-about-abortion-if-he-wins-whitmer-calls-trump-just-dera" target="_blank" rel="noreferrer noopener">access under </a><a href="https://www.benzinga.com/news/24/09/40971766/trump-says-women-would-no-longer-be-thinking-about-abortion-if-he-wins-whitmer-calls-trump-just-dera" target="_blank" rel="noreferrer noopener">Donald Trump&#8217;s </a><a href="https://www.benzinga.com/news/24/09/40971766/trump-says-women-would-no-longer-be-thinking-about-abortion-if-he-wins-whitmer-calls-trump-just-dera" target="_blank" rel="noreferrer noopener">second presidency</a>.
With the Biden administration easing abortion access through telehealth and emergency abortion guidelines, these groups see the next phase of their campaign as dismantling policies they deem &#8220;pro-abortion,&#8221; AP News <a target="_blank" href="https://apnews.com/article/trump-abortion-mifepristone-emergency-hospitals-pills-7c34e972e5c7a63821fd09996ba8d881'" rel="noreferrer noopener">reports</a>.
Telehealth company Wisp experienced a dramatic surge in abortion pill orders, with a 600% increase between Election Day and the following day, as women seem concerned.
In states like Florida and Texas, where abortion pills cannot be legally shipped, orders for &#8220;morning after&#8221; pills surged nearly 1000%, AP News added.
This spike reflects growing uneasiness about access to reproductive healthcare following the election.
Reversing Biden&#8217;s Emergency Abortion Guidelines
One of the key targets for anti-abortion groups is Biden&#8217;s directive requiring hospitals to provide emergency abortions when a woman&#8217;s life or health is at risk, AP News reports.
The guidance, aimed at ensuring access to abortion in states with restrictive laws, has faced legal challenges in places like Texas and Idaho.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/09/40869733/trump-stumbles-again-over-health-care-issues-involving-abortion-and-obamacare" rel="noreferrer noopener">Trump Stumbles Again Over Health Care Issues Involving Abortion And Obamacare</a>
Trump is expected to revoke this directive, which some hospitals have relied on to navigate restrictive state laws, especially in high-risk cases like ectopic pregnancies. Legal experts warn that, if reversed, this could further endanger women&#8217;s health in states with strict abortion bans.
Impact on Abortion Pills and Telehealth Access
Another area of concern for abortion rights advocates is the ease with which women can access abortion pills.
During the COVID-19 pandemic, the FDA relaxed regulations, allowing women to obtain abortion pills like mifepristone through telehealth consultations. Anti-abortion groups argue that these pills are unsafe and should require in-person medical supervision. 
With the Supreme Court maintaining access to the drug, conservative states have continued to challenge its distribution. A potential Trump administration could take steps to restrict access to abortion pills, further complicating abortion access across the country.
As women&#8217;s abortion pill orders surged following the 2024 election, it&#8217;s clear that access to reproductive healthcare remains a volatile issue. Trump&#8217;s actions on abortion will likely shape the landscape for years to come, with advocates on both sides preparing for a protracted legal and political battle.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/11/41865860/trumps-plan-to-expand-federal-death-penalty-could-face-hurdles" target="_blank" rel="noreferrer noopener">Trump&#8217;s Plan To Expand Federal Death Penalty Could Face Hurdles</a></li>
</ul>
Photo: Shutterstock

Media

Abortion Pill Orders Spike Hard Following Election As Women Brace for Potential Restrictions

Comedian and political commentator Jon Stewart admitted his surprise over President-elect Donald Trump&#8216;s victory, a result that left him and <a href="https://www.benzinga.com/news/24/10/41564443/trumps-fortune-skyrockets-with-4b-stake-in-trump-media-technology-group">other liberals unprepared</a>.
What Happened: Stewart shared his astonishment on his &#8220;The Weekly Show&#8221; podcast. He confessed that liberals were not ready for Trump&#8217;s clear election win.
Stewart said that he anticipated that Trump would rely on undemocratic tactics to secure his return to the White House. However, Trump&#8217;s fairly easy victory proved him wrong.
During his <a href="https://podcasts.apple.com/us/podcast/the-weekly-show-with-jon-stewart/id1583132133">show</a>, Stewart humorously remarked that he wasn&#8217;t sure if the left had a team of lawyers ready for such an outcome.
"I feel like we were prepared for all scenarios and in each one of those scenarios it was, how is Donald Trump going to finagle his way back into the White House? How is he going to use undemocratic principles?" Stewart said. 
"And it turned out, he used our electoral system as it is designed," he said. "I'm not sure we have a team of lawyers for that."
"What measure of intimidation and underhanded [shenanigans] will this man use to worm his way back into the Oval Office?&#8221; Stewart said he had thought.
Also Read: <a href="https://www.benzinga.com/media/24/11/41864373/trumps-victory-powells-stand-and-furmans-inflation-warning-stir-markets-this-week-in-economics">Trump&#8217;s Victory, Powell&#8217;s Stand, And Furman&#8217;s Inflation Warning Stir Markets: This Week In Economics</a>
"I love to sit back and think about the autopsy and where you move from there, but I think I still feel as though I'm in that moment of vertigo to some extent," he added in the podcast. 
Stewart also slammed the Kamala Harris campaign&#8217;s ground game, terming it a colossal failure.
"By the way, I don't ever in my life want to hear about our vaunted ground game will put us over the top. It's a 50/50 tossup race, we're sure of it, but the vaunted ground game — turns out that people knocking on other people's doors doesn't get them to do what you want them to do as, I believe, vacuum and Bible salesmen have probably known for many, many centuries," Stewart said.
Despite the unexpected turn of events, Stewart maintained a positive outlook on the country&#8217;s future and the potential for change and organization.
"I still believe in this country, and I still believe in individuals, and I still believe in the power of change and organization, goodness, competence. I mean, for God's sake, the Mets made the playoffs," he said.
Why It Matters: Stewart&#8217;s admission underscores the unexpected nature of Trump&#8217;s re-election, which defied the expectations of many in the liberal camp. 
The comedian&#8217;s remarks also highlight the perceived shortcomings in the Kamala Harris team&#8217;s campaign strategy, suggesting a need for a reassessment of tactics for future elections. 
Despite the surprise and disappointment, Stewart&#8217;s optimism about the power of change and organization offers a hopeful perspective for those disheartened by the election outcome.
Read Next
<a href="https://www.benzinga.com/news/23/03/31410111/jon-stewart-rips-larry-summers-over-take-on-economy-i-think-youre-misdiagnosing-the-sickness-1">Jon Stewart And Larry Summers Get Into Heated Exchange Over Economy: &#8216;Why Aren&#8217;t We Attacking Corporate Profit In Any Way? &#8216;</a>
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.
Photo: Shutterstock

Jon Stewart Says Liberals Didn't See Trump's Victory Coming

Vice President Kamala Harris&#8216; campaign is facing scrutiny for reportedly spending a whopping $20 million on election-eve concerts.
What Happened: This expenditure has raised eyebrows among staff and vendors who are concerned about unpaid dues, given the campaign&#8217;s reported debt situation. The Harris campaign organized seven concerts in key swing states on the eve of the election. 
These concerts featured performances by renowned artists such as Jon Bon Jovi, Christina Aguilera, Katy Perry, and Lady Gaga. The intent behind these concerts was to attract voters, but it seems to have significantly depleted the Democratic campaign&#8217;s funds, <a href="https://nypost.com/2024/11/08/us-news/kamala-harris-campaigns-election-eve-concerts-said-to-cost-up-to-20m-as-rank-and-file-staff-vendors-fear-they-wont-be-paid/">reports</a> The New York Post.
Stephanie Cutter and David Plouffe, both veterans of the Barack Obama campaign, had joined the Harris campaign after she took over from President Joe Biden as the party&#8217;s candidate. 
Also Read: <a href="https://www.benzinga.com/general/politics/24/11/41790636/kamala-harris-concedes-calls-for-unity-commitment-to-democracy">Kamala Harris Concedes: Calls For Unity, Commitment To Democracy</a>
They reportedly backed the idea of the concerts. However, the execution of these concerts led to escalated production costs and internal discord within the campaign.
Despite the high-profile lineup, the concerts did not make a significant impact in the news. Swing state voters elected Donald Trump the following day. The Harris campaign, which had a war chest exceeding $1 billion, concluded the race with a reported debt of at least $20 million.
Why It Matters: The financial aftermath of these concerts is now a cause for concern. There are fears that the campaign&#8217;s debt could impact staff payments and expense reimbursements. 
This situation underscores the importance of financial prudence in political campaigns and raises questions about the decision-making within the Harris campaign.
Read Next
<a href="https://www.benzinga.com/news/24/11/41701283/trump-praises-his-beautiful-white-skin-after-criticizing-harris">Trump Praises His &#8216;Beautiful White Skin&#8217; After Criticizing Harris</a>
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.

Harris Campaign's Election-Eve Concerts Could Hit $20M Amid Fears Of Unpaid Bills

Cryptocurrency trader and expert Michaël van de Poppe has projected that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could potentially hit the $80,000 mark this month, following a possible <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39447328/anthony-scaramucci-says-crypto-will-soar-if-this-presidential-candidate-wins-the-election-">retest at the $71,679 level</a>.
What Happened: Van de Poppe made his forecast on social media platform X. He anticipates that Bitcoin might undergo a minor correction before climbing over 5% from its current price.
"Bitcoin is consolidating around a new ATH. I do believe we'll continue, but probably have a slight correction first – dips ready to be bought. Next? $80,000 in November," he said in the post. 
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is consolidating around a new ATH. I do believe we&#39;ll continue, but probably have a slight correction first &#8211;&gt; dips ready to be bought. Next? $80,000 in November. <a href="https://t.co/I10dtGn0Gd">pic.twitter.com/I10dtGn0Gd</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1854813705176776964?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The trader attributes this potential surge to substantial inflows into Bitcoin exchange-traded funds (ETFs) in the aftermath of the victory of pro-crypto candidate Donald Trump.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41703454/analyst-says-this-crypto-could-explode-by-up-to-3-765-and-it-is-not-bitcoin-or-solana">Analyst Says This Crypto Could Explode By Up To 3.765%, And It Is Not Bitcoin Or Solana</a>
In another post on X he said, "Record-breaking inflow in Bitcoin since Trump won the elections. More than $2 Billion has flown into the Bitcoin ETF. More than $120 million has flown into the Ethereum ETF. The bull market is here."
<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">Record-breaking inflow in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> since Trump won the Elections. More than $2 Billion has flown into the Bitcoin ETF. More than $120 million has flown into the Ethereum ETF. The bull market is here. <a href="https://t.co/rwDqRFI6ia">pic.twitter.com/rwDqRFI6ia</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1854841300215865518?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
At the time of reporting, Bitcoin was trading at $75,966, marking an increase of over 11% since its Election Day low of $68,206.
Van de Poppe also expressed long-term bullish sentiments for Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), suggesting it will continue to rally higher with retests of lower price levels. Ethereum is currently trading at $2,920, up more than 21% from its Election Day low of $2,403.
Why It Matters: The prediction by van de Poppe is significant as it comes at a time when Bitcoin is experiencing a resurgence following the US presidential election. 
The victory of pro-crypto candidate Trump has led to an influx of investments into Bitcoin ETFs, indicating a bullish market. Furthermore, the trader&#8217;s positive outlook for Ethereum suggests a broader upward trend in the cryptocurrency market.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40869320/micha-l-van-de-poppe-predicts-massive-bitcoin-surge-says-price-may-soar-by-890" target="_blank" rel="noreferrer noopener">Michaël Van De Poppe Predicts Massive Bitcoin Surge, Says Price May Soar By 890%</a>

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

Cryptocurrency

$BTC

$ETH

Crypto Analyst Sees Bitcoin Hitting $80,000 This Month

On Wednesday, Donald Trump, the Republican candidate and former president, was elected to the highest office again, marking a return to an administration. His second term is likely to impact U.S. healthcare.
Trump has been unclear about his healthcare policy goals during his campaign. Healthcare <a target="_blank" href="https://www.kff.org/health-care-in-2024-elections-apvotecast-polling/?entry=kff-analysis-of-ap-votecast-abortion-ballot-initiatives" rel="noreferrer noopener">ranked</a> lower than issues like the economy and immigration in voter concerns.
A <a target="_blank" href="https://apnews.com/article/ap-votecast-elections-harris-trump-voters-d5cf4e3611f50ec4349d93ddc7f037cd" rel="noreferrer noopener">poll</a> from the Associated Press found that only 8% of voters viewed healthcare as their top issue, compared to 39% who chose the economy and 20% who picked immigration. Abortion was the leading issue for 11% of voters.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction" rel="noreferrer noopener">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a>
Despite his focus on &#8220;Make America Healthy Again,&#8221; millions of Americans may lose health insurance subsidies next year, depending on the political climate after the election and the Republicans&#8217; control of the Senate.
The subsidies, expanded under the 2021 American Rescue Plan, help many, particularly the middle class, afford health insurance through the Affordable Care Act (ACA).
These subsidies are set to expire at the end of 2025, and it remains uncertain whether they will be extended under the new administration.
Trump and other Republicans have opposed continuing the subsidies.
The NBC News <a target="_blank" href="https://www.nbcnews.com/health/health-news/millions-risk-losing-health-insurance-trumps-victory-rcna179146" rel="noreferrer noopener">report</a>, citing some analysts, suggests that the chances of extension could be less than 5% if Republicans win control of the House and the Senate.
Even if Democrats control the House, extending these subsidies seems unlikely. Without an extension, nearly 4 million Americans could lose coverage by 2026 due to unaffordable premiums.
The 2021 changes led to a surge in ACA enrollment, with 15.5 million people benefiting from subsidies across 32 states. The report adds that if the subsidies aren&#8217;t renewed, up to 15.4 million Americans could lose health coverage by 2030.
Another significant issue is Trump&#8217;s stance on Medicare. As president, he supported Medicare Advantage, a private insurer-run program that could eventually replace traditional, government-run Medicare.
The NPR report <a target="_blank" href="https://www.npr.org/sections/shots-health-news/2024/11/07/nx-s1-5183092/trump-election-2024-medicare-advantage" rel="noreferrer noopener">highlights</a> that critics argue that expanding private insurers could increase costs for taxpayers and limit care, with some beneficiaries finding it difficult to switch back to traditional Medicare.
Robert Berenson, a former government official, warned that traditional Medicare could &#8220;wither on the vine.&#8221;
Medicare Advantage grew with the 2003 legislation introducing a drug benefit and expanded private insurers&#8217; role in the program. Although private plans were expected to lower costs, they have been more expensive.
The report also says that in 2023, Medicare Advantage plans cost taxpayers about 6% — or $27 billion — more than traditional Medicare, though some research suggests they offer better care.
The future of healthcare policy in the U.S. will depend on the political dynamics in Congress and Trump&#8217;s second term.
With Republicans pushing for major changes to the ACA and Medicare, experts warn of significant shifts in how Americans access and pay for healthcare in the coming years.
Read Next
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<li><a href="https://www.benzinga.com/general/biotech/24/11/41855578/bristol-myers-squibb-leads-biopharma-recovery-with-almost-25-growth-in-market-cap-but-novo-nordisk-and-lilly-suffer-market-setbacks" target="_blank" rel="noreferrer noopener">Bristol-Myers Squibb Leads Biopharma Recovery With Almost 25% Growth In Market Cap, But Novo Nordisk And Lilly Suffer Market Setbacks</a></li>
</ul>
Photo via Shutterstock

Government

Regulations

Health Care

ALHC

CLOV

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

Laboratory Corporation Of America Holdings

Donald Trump's Second Term Could Reshape US Healthcare System, With Major Impacts on Affordable Care Act And Medicare

As President-elect Donald Trump prepares to take office for the second time, Pentagon officials are reportedly strategizing their response to potential controversial orders, including the domestic <a href="https://www.benzinga.com/news/24/09/40971739/a-military-coup-if-trump-wins-tucker-carlson-voices-concerns-to-jd-vance">deployment of active-duty troops</a>.
What Happened: Pentagon officials are informally discussing how the Department of Defense would react if Trump orders the deployment of active-duty troops within the U.S. and dismisses large numbers of nonpartisan staffers.
Trump has previously shown willingness to use active-duty forces for domestic law enforcement and mass deportations. 
According to the report <a href="https://edition.cnn.com/2024/11/08/politics/pentagon-officials-discussing-trump/index.html">by</a> CNN, he has also signaled his intent to populate the federal government with loyalists and remove what he views as &#8220;corrupt actors&#8221; in the U.S. national security establishment.
In his previous term, Trump&#8217;s relationship with senior military leadership was tense, particularly with now-retired Gen. Mark Milley, who took steps to restrict Trump&#8217;s ability to use nuclear weapons while serving as chairman of the Joint Chiefs of Staff.
Defense officials are now bracing for a potential overhaul of the Pentagon, with one official stating, &#8220;We are all preparing and planning for the worst-case scenario, but the reality is that we don&#8217;t know how this is going to play out yet.&#8221;
Also Read: <a href="https://www.benzinga.com/news/24/10/41563454/trumps-escalating-threats-to-rivals-100-and-counting">Trump&#8217;s Escalating Threats To Rivals: 100 And Counting</a>
Meanwhile, Trump has repeatedly called US military generals "woke," "weak" and "ineffective leaders."
According to the outlet, a former senior Defense Department official from the Trump administration indicated that it&#8217;s likely more active-duty forces will be assigned to support Customs and Border Protection at the southern border.
An Army official shared with CNN that a Trump administration might consider deploying several thousand more troops to assist with the border mission. 
However, they cautioned that such a decision could potentially weaken the military&#8217;s preparedness for handling international threats.
Why It Matters: Trump&#8217;s election has sparked concerns within the Pentagon about the potential issuance of unlawful orders, especially if his political appointees within the department do not resist. 
&#8220;Troops are compelled by law to disobey unlawful orders,&#8221; one defense official noted, adding that the question remains what would happen if such an order were issued.
It is still uncertain who Trump will choose to lead the Pentagon, but officials believe Trump and his team will aim to avoid the kind of &#8220;hostile&#8221; relationship he had with the military during his previous administration.
Defense officials are also identifying civilian employees who could be impacted if Trump reinstates Schedule F, an executive order he first issued in 2020 that would have reclassified large numbers of nonpolitical, career federal employees across the U.S. government, making them more easily dismissible.
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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.
Photo: Shutterstock

Pentagon Officials Weigh Responses To Possible Illegal Orders Under Trump

Goldman Sachs has upgraded BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>), citing the company&#8217;s BNT327, an immuno-oncology asset in clinical development across multiple solid tumors.
Data from Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) and their partner Akeso for ivonescimab (PD-1xVEGF bispecific) has shown the potential to challenge standard-of-care regimens across a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41724651/summit-therapeutics-unique-investment-in-oncology-lead-drug-candidate-shows-promise" rel="noreferrer noopener">range of solid tumors</a>.
The analyst notes that the data for ivonescimab have sparked interest in BioNTech&#8217;s bispecific drug, BNT327, and its potential to follow a similar path and gain value.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/11/41715307/biontech-variant-adapted-covid-19-vaccines-do-well-in-q3" rel="noreferrer noopener">BioNTech Variant-adapted COVID-19 Vaccines Do Well In Q3</a>
The analyst adds that the data for BNT327, including the latest findings presented at the European Society for Medical Oncology, show a promising clinical profile.
While direct comparisons with other trials have limitations, this data supports growing confidence in reducing risks and points to significant potential opportunities for BioNTech in various cancer treatments.
Goldman Sachs has upgraded BioNTech to Buy from Neutral, with a price target of $137, up from the <a target="_blank" href="https://www.benzinga.com/quote/BNTX/analyst-ratings" rel="noreferrer noopener">previous target of $90</a>.
&#8220;We see the investment thesis in BNTX continuing to pivot &#8211; away from difficult-to-forecast COVID-19 vaccine market dynamics, and towards the potentially significant opportunity coming into view for BNT327, which if successfully developed has the potential in our view, to drive the company towards achievement of its goal of becoming a leading commercial player in oncology,&#8221; Goldman analyst writes.
The analyst believes that uncertainties surrounding the future of biopharma companies with vaccine businesses have uniquely made current stock levels an attractive entry point for investors.
Goldman incorporates risk-adjusted revenue forecasts that currently sum to 5.2 billion euros ($5.58 billion) in 2035 and 6.6 billion euros in 2040, with key indications including first-line non-small cell lung cancer is potentially sizable, first-line triple-negative breast cancer and extensive-stage small-cell lung cancer as strategic.
Price Action: On Friday, BNTX stock closed 2.56% higher at $110.64.
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President-elect Donald Trump is turning to Wall Street veterans for advice on assembling his forthcoming administration.
What Happened: Trump&#8217;s triumph has been met with a positive reaction from the stock market, with U.S. stocks recording their fifth-highest single-day performance. According to a report, Howard Lutnick, co-chair of Trump&#8217;s transition team and CEO of Cantor Fitzgerald, is consulting Wall Street stalwarts on potential nominees. 
Key figures providing guidance include Scott Bessent, founder of Key Square Capital Management, and billionaire investor John Paulson, <a href="https://www.businessinsider.com/wall-street-advisor-trump-lutnick-schwarzman-warsh-federal-reserve-2024-11">reports</a> Business Insider.
Bessent, a major donor to Trump&#8217;s campaign, has been sharing Trump&#8217;s economic strategies at several forums. He advocates for the gradual implementation of tariffs to lessen the inflationary impact. Bessent is also a contender for the Treasury Secretary role.
Paulson, renowned for his successful gamble against mortgage-backed securities prior to the Great Recession, is advocating for the extension of Trump&#8217;s tax cuts and supports deregulation. He is also being considered for the Treasury Secretary position.
Also Read: <a href="https://www.benzinga.com/news/24/10/41564443/trumps-fortune-skyrockets-with-4b-stake-in-trump-media-technology-group">Trump&#8217;s Fortune Skyrockets With $4B Stake In Trump Media &amp; Technology Group</a>
Additional advisors include Gary Cohn, vice chairman of IBM and former president of Goldman Sachs, and Marc Rowan, CEO of Apollo Global Management. 
Both have participated in discussions regarding Trump&#8217;s financial strategies. Furthermore, Stephen Schwarzman, Blackstone cofounder, chairman, and CEO, and Kevin Warsh, former Federal Reserve Governor, are providing their expertise on finance and economics.
Charles Schwab, co-chairman and founder of the brokerage firm that bears his name, and Ross Perot Jr., chairman of the Perot Group, are also participating in the transition team&#8217;s deliberations.
Why It Matters: The involvement of Wall Street heavyweights in Trump&#8217;s transition team signals a potential shift in economic policy. 
Their influence could shape the future of US economic policy, with potential impacts on tariffs, tax cuts, and deregulation. The stock market&#8217;s positive response to Trump&#8217;s election suggests that investors may be anticipating business-friendly policies. 
However, the final impact will depend on the decisions made by Trump&#8217;s administration, guided by these advisors.
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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.

Market Summary

Wall Street Titans Called In To Advise Trump's Transition Team

A 39-year-old Chinese national, Zijie Li, was arrested on trespassing charges after attempting to access President-elect Donald Trump&#8217;s Mar-a-Lago estate, despite a court <a href="https://www.benzinga.com/real-estate/24/11/41702857/mar-a-lagos-original-owner-lived-in-a-lavish-36-room-estate-in-d-c-heres-what-its-like-inside" target="_blank" rel="noreferrer noopener">order barring him from the property</a>.
Li, a student visa holder from suburban Los Angeles, was apprehended Thursday after arriving in an Uber at the estate&#8217;s entrance in Palm Beach, Florida, AP News <a target="_blank" href="https://apnews.com/article/trump-maralago-intruder-24c163f8d952f98ac6a974cfef320947" rel="noreferrer noopener">reports</a>.
Since Trump&#8217;s victory in the general election, a high-tech robot dog, along with a heightened police presence, has been stationed at his Mar-a-Lago residence, <a href="https://www.nbcnews.com/video/heightened-security-measures-including-robot-dog-seen-at-mar-a-lago-223893573674" target="_blank" rel="noreferrer noopener">reported</a> NBC News.
He had previously been arrested for similar offenses, including attempts to enter the estate earlier this year. Li is currently being held without bond at the Palm Beach County Jail.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41059458/trump-says-big-threats-to-his-life-from-iran-an-attack-on-a-former-president-is-a-death-wish-for-the" rel="noreferrer noopener">Trump Says Big Threats To His Life From Iran: &#8216;An Attack On A Former President Is A Death Wish For The Attacker!&#8217;</a>
Li&#8217;s arrest follows a series of troubling encounters with law enforcement and Secret Service agents at or near Mar-a-Lago. His first attempt to breach the estate occurred in July, when he told Secret Service officers he had information linking China to a separate assassination attempt on Trump at a rally in Pennsylvania, AP News added.
After being ordered to leave, he was arrested a week later for trespassing, though he was released on bail with a condition to stay away from Mar-a-Lago.
In October, Li was placed in a mental hospital after approaching a local homeowner near Mar-a-Lago, inquiring about gaining entry to the estate. He was released from the hospital just days before his most recent arrest, which revoked his prior bail, according to the report.
This is not the first time Mar-a-Lago has been the site of unlawful entries. During Trump&#8217;s presidency, the estate saw multiple breaches, including two by Chinese nationals.
In one notable incident, Yujing Zhang, a Chinese businesswoman, gained access to the property in 2019 while carrying electronic devices, leading to suspicions of espionage. She was later deported after being convicted of trespassing, the report read.
Despite numerous security breaches, there has been no indication that these incidents were attempts to harm Trump.
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Chinese National Arrested for Trespassing at Mar-a-Lago Amid Heightened Security

Warren Buffett, one of the richest men in the world, has always made it clear that most of his money will go to charity. Many people are curious about what this means for his three children, as almost 99 percent of his <a href="https://www.benzinga.com/news/24/10/41178307/warren-buffetts-billion-dollar-lesson-its-very-irritating-if-you-have-a-lot-of-money-in-the-end-you">$140 billion fortune</a> is expected to be donated. The solution is a bit more complex than you may imagine.
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Buffett is famous for believing that his children should be given enough money to feel like they can do anything but not so much that they end up doing nothing. While they won&#8217;t be inheriting billions in the typical sense, they're not being left out entirely. Instead of passing down his wealth directly, Buffett has taken a different route that gives his children a unique legacy.
<h2 class="wp-block-heading">The Charitable Trust Plan</h2>
Instead of a massive inheritance, Buffett has <a href="https://www.benzinga.com/news/management/24/06/39550353/warren-buffett-sets-up-new-trust-as-he-turns-away-from-gates-foundation">put together a charitable trust</a> to be managed by his three children – Susan, Howard and Peter. This trust will be responsible for giving away much of his fortune to various charities over 10 years after his death. But there's a catch: all three siblings must agree unanimously on where the money goes.
Each of Buffett's children has a charitable passion. Susan focuses on social justice, education and health care; Howard is dedicated to food security, crime prevention and international aid; and <a href="https://www.benzinga.com/personal-finance/24/10/41198368/warren-buffetts-son-who-famously-cashed-in-his-90-000-inheritance-at-19-spends-millions-in-buffe">Peter</a> supports Indigenous communities and is passionate about combating hunger. These different priorities could lead to disagreements, making decision-making challenging. But Buffett seems confident that his kids can handle it.
"I have 100% trust in how they will carry things out," Buffett said, believing that by working together, his children can make thoughtful decisions that align with family values and adapt to changing times.&nbsp;
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
<h2 class="wp-block-heading">Unity or Discord?</h2>
Although requiring unanimous choices may seem like a surefire way to end up in conflict, it may actually be a benefit. By working together, Buffett's children will need to learn more about each other's beliefs, develop empathy and find common ground. It's a way to connect them and build a shared family mission, even after their father is gone. The hope is that this process of agreeing on charitable giving could become something that bonds them rather than divides them.
Of course, the requirement for unanimous decisions could also lead to stalemates and frustration.&nbsp;
So, while Buffett's children aren't getting a traditional inheritance, they're far from being left with nothing. They've already received significant gifts for their philanthropic organizations and they&#8217;ll have a say in managing and distributing money to causes they believe in. More importantly, they'll continue their father's legacy in a way that reflects his belief in purpose, responsibility and making a difference.
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<h2 class="wp-block-heading">A Shift Away from the Gates Foundation</h2>
According to a previous draft of his will, Buffett originally wanted Bill Gates to handle the majority of his charity contributions. He has given the Gates Foundation about $39 billion over the years, but he recently decided that something new was needed.&nbsp;
Buffett became increasingly <a href="https://www.benzinga.com/news/24/08/40304161/bill-gates-and-warren-buffett-have-been-friends-for-decades-but-rising-tensions-now-threaten-their-p">uncomfortable with Gates&#8217; extravagant</a> spending patterns, including his numerous residences, private aircraft and luxury items. Buffett was also worried about what he saw as the Gates Foundation's large expenses and inefficiency.
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With Warren Buffett Donating 99% Of His Fortune, What's Left For His Three Children? Well, It's Complicated

As Donald Trump prepares for a possible second term, former intelligence officials and lawmakers are raising alarms about the future of the U.S. intelligence <a href="https://www.benzinga.com/government/24/11/41831044/how-to-play-the-trump-trade-for-ai-energy-taxes-analyst-says-5-stocks-could-shine" target="_blank" rel="noreferrer noopener">community under his leadership</a>.
With Trump&#8217;s history of contentious relationships with spy agencies, critics worry that the President-elect could further politicize these institutions, using them to serve his personal and political interests rather than their traditional role of safeguarding national security, <a href="https://www.nbcnews.com/politics/national-security/former-cia-officials-worry-trump-politicize-weaponize-intelligence-age-rcna179024" target="_blank" rel="noreferrer noopener">reported</a> NBC News.
One major concern is the potential appointment of Kash Patel, a former Trump administration official and staunch MAGA loyalist, to a high-level national security post, potentially as CIA director, the report read, citing people familiar with the transition process.
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Patel, who was previously considered for the deputy CIA director role but faced opposition from career intelligence officers, remains a controversial figure.
Other potential candidates for top intelligence positions include ex-Rep. Devin Nunes (R-Calif.), ex-National Security Adviser Robert O&#8217;Brien, Sen. Marco Rubio (R-Fla.), and John Ratcliffe, the former Texas congressman who previously served as Director of National Intelligence under Trump, NBC News added, citing congressional aides and Republican activists.
These figures are viewed as fiercely loyal to Trump and would likely pursue his agenda without question.
The worry is that these appointments could lead to the politicization of intelligence, pressuring agencies to tailor their findings to align with Trump&#8217;s political goals.
There is also the risk of intelligence being used to spy on domestic political opponents, a scenario that former intelligence officials warn could undermine the apolitical nature of the CIA and other agencies.
Trump&#8217;s history of distrust towards the intelligence community — dating back to his first term — fuels these fears.
Trump has long viewed the intelligence agencies as hostile and politically biased. His supporters, however, argue that his control over these agencies is necessary to ensure they align with his administration&#8217;s priorities.
One of the most significant points of contention is the suggestion that Trump may attempt to overhaul the CIA by replacing career civil servants with political appointees.
The Heritage Foundation&#8217;s &#8220;Project 2025&#8221; outlines a plan for Trump to assert more control over the intelligence community by appointing loyalists to key positions. This could potentially lead to a shift in how intelligence is analyzed, creating risks that intelligence could be manipulated or withheld based on political considerations, NBC News added.
Despite these concerns, Trump&#8217;s allies argue that his appointments would strengthen the intelligence community and ensure that it carries out his policies effectively.
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CIA Could Be Politicized Under Trump, With Loyalists Eyeing Key Intel Roles

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OBLG Stock Earnings: Oblong Reported Results for Q1 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are worth checking out as we dive into all of the biggest news sending shares higher and lower on Wednesday morning!



Moving stocks this morning are delisting notices, an acquisition plan, a public share offering and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Sify Technologies Limited &ndash; Rights (NASDAQ:<a href="https://investorplace.com/stock-quotes/sifyr-stock-quote/">SIFYR</a>) are rocketing more than 49% <a href="https://www.nasdaq.com/articles/sify-technologies-sets-ads-rights-delisting-date">ahead of their delisting next week</a>.</li>



<li>Golden Heaven (NASDAQ:<a href="https://investorplace.com/stock-quotes/gdhg-stock-quote/">GDHG</a>) stock is soaring over 47% with heavy pre-market trading.</li>



<li>Wang &amp; Lee (NASDAQ:<a href="https://investorplace.com/stock-quotes/wlgs-stock-quote/">WLGS</a>) shares are surging close to 40% with strong early morning trading.</li>



<li>Singing Machine (NASDAQ:<a href="https://investorplace.com/stock-quotes/mics-stock-quote/">MICS</a>) stock is gaining more than 29% <a href="https://www.nasdaq.com/press-release/singing-machine-acquire-semicab-leading-ai-logistics-technology-company-2024-06-12">on acquisition news</a>.</li>



<li>Castellum (NYSEMKT:<a href="https://investorplace.com/stock-quotes/ctm-stock-quote/">CTM</a>) shares are increasing nearly 25% this morning.</li>



<li>Beamr Imaging (NASDAQ:<a href="https://investorplace.com/stock-quotes/bmr-stock-quote/">BMR</a>) stock is rising over 23% after <a href="https://seekingalpha.com/news/4115034-beamr-imaging-product-now-on-oracle-cloud-marketplace-shares-jump-30?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain%7Csection%3Aon-the-move">adding its product</a> to a new marketplace.</li>



<li>Molecular Partners (NASDAQ:<a href="https://investorplace.com/stock-quotes/moln-stock-quote/">MOLN</a>) shares are climbing more than 16% as they continue to rise on <a href="https://www.nasdaq.com/press-release/molecular-partners-and-orano-med-share-positive-preclinical-data-their-dll3-0">positive preclinical data</a>.</li>



<li>Surf Air Mobility (NYSE:<a href="https://investorplace.com/stock-quotes/srfm-stock-quote/">SRFM</a>) stock is jumping over 15% on Wednesday morning.</li>



<li>Ocean Biomedical (NASDAQ:<a href="https://investorplace.com/stock-quotes/ocea-stock-quote/">OCEA</a>) shares are heading 15% higher this morning.</li>



<li>NovaBay Pharmaceuticals (NYSEMKT:<a href="https://investorplace.com/stock-quotes/nby-stock-quote/">NBY</a>) stock is up more than 12% today.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>ThermoGenesis (NASDAQ:<a href="https://investorplace.com/stock-quotes/thmo-stock-quote/">THMO</a>) stock is plummeting over 41% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318387950&amp;type=PDF&amp;symbol=THMO&amp;cdn=c35080a0c43a3214912906647bd85f4c&amp;companyName=ThermoGenesis+Holdings+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-06-11">on a delisting notice</a>.</li>



<li>Tonix Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/tnxp-stock-quote/">TNXP</a>) shares are diving almost 32% on a <a href="https://www.nasdaq.com/press-release/tonix-pharmaceuticals-announces-proposed-public-offering-2024-06-11">proposed public offering</a>.</li>



<li>U-BX Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/ubxg-stock-quote/">UBXG</a>) stock is tumbling more than 26% after rallying yesterday.</li>



<li>Clene (NASDAQ:<a href="https://investorplace.com/stock-quotes/clnn-stock-quote/">CLNN</a>) shares are taking an over 24% beating on Wednesday morning.</li>



<li>KWESST Micro Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/kwe-stock-quote/">KWE</a>) stock is sliding more than 22% <a href="https://investorplace.com/2024/06/why-is-kwesst-micro-systems-kwe-stock-up-121-today/">after rallying yesterday</a>.</li>



<li>Nauticus Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/kitt-stock-quote/">KITT</a>) shares are retreating over 19% <a href="https://investorplace.com/2024/06/why-is-nauticus-robotics-kitt-stock-up-59-today/">after yesterday&rsquo;s rally</a>.</li>



<li>Blue World Acquisition (NASDAQ:<a href="https://investorplace.com/stock-quotes/bwaq-stock-quote/">BWAQ</a>) stock is falling more than 17% after rising higher yesterday.</li>



<li>Chanson International (NASDAQ:<a href="https://investorplace.com/stock-quotes/chsn-stock-quote/">CHSN</a>) shares are dropping over 16% this morning.</li>



<li>Mercurity Fintech (NASDAQ:<a href="https://investorplace.com/stock-quotes/mfh-stock-quote/">MFH</a>) stock is slipping more than 13% today.</li>



<li>Oblong (NASDAQ:<a href="https://investorplace.com/stock-quotes/oblg-stock-quote/">OBLG</a>) shares close out our pre-market stock movers down over 13%.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-june-12th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to dive into the biggest pre-market stock movers as we check out all of the latest news happening on Wednesday morning!



Moving stocks this morning are patent news, a new investment, proposed public offerings and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Syntec Optics (NASDAQ:<a href="https://investorplace.com/stock-quotes/optx-stock-quote/">OPTX</a>) stock is rocketing more than 248% alongside heavy pre-market trading.</li>



<li>Anew Medical (NASDAQ:<a href="https://investorplace.com/stock-quotes/wena-stock-quote/">WENA</a>) shares are soaring over 75% after <a href="https://www.nasdaq.com/press-release/anew-medical-inc-secures-key-patent-europe-human-klotho-gene-rna-slice-variant-and">securing a key patent in Europe</a>.</li>



<li>Volcon (NASDAQ:<a href="https://investorplace.com/stock-quotes/vlcn-stock-quote/">VLCN</a>) stock is surging more than 36% as it <a href="https://investorplace.com/2024/06/why-is-volcon-vlcn-stock-up-60-today/">continues yesterday&rsquo;s rally</a>.</li>



<li>Rivian Automotive (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>) shares are gaining over 36% on a <a href="https://www.nytimes.com/2024/06/25/business/volkswagen-rivian-vw-investment.html">$5 billion investment</a>.</li>



<li>China Natural Resources (NASDAQ:<a href="https://investorplace.com/stock-quotes/chnr-stock-quote/">CHNR</a>) stock is increasing more than 32% with strong trading this morning.</li>



<li>Savara (NASDAQ:<a href="https://investorplace.com/stock-quotes/svra-stock-quote/">SVRA</a>) shares are rising over 26% on a <a href="https://seekingalpha.com/news/4119362-savara-stock-surges-trial-win-lead-asset?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain">positive clinical trial</a>.</li>



<li>Talphera (NASDAQ:<a href="https://investorplace.com/stock-quotes/tlph-stock-quote/">TLPH</a>) stock is heading more than 21% higher on Wednesday morning.</li>



<li>eFFECTOR Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/eftr-stock-quote/">EFTR</a>) shares are climbing over 18% even as it plans to <a href="https://finance.yahoo.com/news/effector-therapeutics-announces-wind-down-110000717.html">wind down operations</a>.</li>



<li>Golden Matrix (NASDAQ:<a href="https://investorplace.com/stock-quotes/gmgi-stock-quote/">GMGI</a>) stock is jumping more than 15% today.</li>



<li>Faraday Future (NASDAQ:<a href="https://investorplace.com/stock-quotes/ffie-stock-quote/">FFIE</a>) shares are up over 14% <a href="https://investorplace.com/2024/06/faraday-future-stock-shocker-from-ev-maker-to-china-u-s-auto-middleman/">on survival plans</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>NextTrip (NASDAQ:<a href="https://investorplace.com/stock-quotes/ntrp-stock-quote/">NTRP</a>) stock is diving more than 24% without any recent news to report.</li>



<li>GRI Bio (NASDAQ:<a href="https://investorplace.com/stock-quotes/gri-stock-quote/">GRI</a>) shares are tumbling over 15% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318415310&amp;type=PDF&amp;symbol=GRI&amp;cdn=40db9b65c5660c095bf51f08f72c725f&amp;companyName=GRI+Bio+Inc.&amp;formType=S-1%2FA&amp;formDescription=%5BAmend%5D+General+form+for+registration+of+securities+under+the+Securities+Act+of+1933&amp;dateFiled=2024-06-26">proposed public offering</a>.</li>



<li>Taysha Gene Therapies (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsha-stock-quote/">TSHA</a>) stock is taking a 14% beating on <a href="https://www.nasdaq.com/press-release/taysha-gene-therapies-announces-proposed-public-offering-common-stock-and-pre-funded">public offering plans</a>.</li>



<li>Oblong (NASDAQ:<a href="https://investorplace.com/stock-quotes/oblg-stock-quote/">OBLG</a>) shares are sliding more than 12% despite a lack of news this morning.</li>



<li>Hanryu (NASDAQ:<a href="https://investorplace.com/stock-quotes/hryu-stock-quote/">HRYU</a>) stock is decreasing over 11% on Wednesday.</li>



<li>Hamilton Beach Brands (NYSE:<a href="https://investorplace.com/stock-quotes/hbb-stock-quote/">HBB</a>) shares are dropping more than 10% today.</li>



<li>GlycoMimetics (NASDAQ:<a href="https://investorplace.com/stock-quotes/glyc-stock-quote/">GLYC</a>) stock is falling over 10% <a href="https://finance.yahoo.com/news/senior-vp-chief-medical-officer-100744620.html">despite insider buying</a>.</li>



<li>Geovax Labs (NASDAQ:<a href="https://investorplace.com/stock-quotes/govx-stock-quote/">GOVX</a>) shares are slipping more than 9% today.</li>



<li>Concord Medical Services (NYSE:<a href="https://investorplace.com/stock-quotes/ccm-stock-quote/">CCM</a>) stock is dipping over 9% this morning.</li>



<li>DermTech (NASDAQ:<a href="https://investorplace.com/stock-quotes/dmtk-stock-quote/">DMTK</a>) shares close out our pre-market stock movers down more than 9% as they <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318404814&amp;type=PDF&amp;symbol=DMTK&amp;cdn=2f95604b7d0b2db1ef0d52c1cc04ae14&amp;companyName=DermTech+Inc&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-06-20">prepare for delisting tomorrow</a>.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-wednesday-june-26th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Oblong (NASDAQ:<a href="https://investorplace.com/stock-quotes/oblg-stock-quote/">OBLG</a>) just reported results for the second quarter of 2024.<ul><li>Oblong reported earnings per share of -4 cents.</li><li>The company reported revenue of $611,000.</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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OBLG Stock Earnings: Oblong Reported Results for Q2 2024

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