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Uber Technologies 株価情報 (NYSE: UBER)

最新ニュース Uber Technologies (NYSE:UBER) 株価情報

Uber Technologies

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.

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トップ・ウォール街のアナリストたちは、これらの銘柄に対する見通しを変更しました。リーディング・アナリストのレーティング変更の総見については、アップグレードやダウングレードを含むすべての情報については、当社のアナリストのレーティングページをご覧ください。

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最近の市場の混乱にもかかわらず、ジム・クレーマー氏は現在の企業収益が景気後退を示していないとの見方を示し、投資家たちに安心感を提供している。

ジム・クレイマー氏「景気後退を感じない市場低下」

Uber Technologies Inc

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In response to President-elect Donald Trump&#8217;s threats to <a href="https://www.benzinga.com/24/11/41867032/trumps-tariff-plans-on-canadian-goods-would-inevitably-hurt-american-workers-warns-justin-trudeau">isolate Chinese goods from the U.S. market,</a> China is reportedly seeking to engage U.S. allies in Europe and Asia to mitigate the potential impact on its economy.
What Happened: Trump&#8217;s campaign promise to <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">impose tariffs of up to 60% on Chinese imports </a>poses a significant threat to Xi Jinping&#8216;s economic model, which is heavily reliant on manufacturing and exports, <a href="https://www.wsj.com/world/china/china-courts-u-s-allies-as-defense-against-trumps-protectionism-e574714e">reported</a> The Wall Street Journal on Thursday.
To counter this, the Chinese leadership is reportedly considering offering tariff cuts, visa exemptions, and other incentives to U.S. allies in Europe and Asia. This strategy, termed &#8220;unilateral opening,&#8221; represents a shift from China&#8217;s traditional quid-pro-quo approach to economic and diplomatic deals.
See Also: <a href="https://www.benzinga.com/general/health-care/24/11/41843261/kentucky-gov-beshear-the-jury-is-no-longer-out-kentuckians-want-medical-cannabis?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kentucky Gov. Beshear: &#8216;The Jury Is No Longer Out,&#8217; Kentuckians Want Medical Cannabis</a>
Despite this, China faces resistance from U.S. allies, with the European Union (EU) expressing discontent over China&#8217;s support for Russia&#8217;s actions in Ukraine. Meanwhile, U.S. allies in Asia, such as Japan, South Korea, and the Philippines, are growing increasingly wary of China&#8217;s assertive behavior.
China has already lifted visa restrictions for travelers from over 20 nations, including Australia, New Zealand, Denmark, Finland, and South Korea. Additionally, the country is contemplating significant tariff reductions in various industries, including electrical and telecommunications equipment, seafood, and agricultural products. These moves are seen as part of China&#8217;s broader strategy to stimulate economic growth and strengthen its trade relations.
Chinese Premier Li Qiang stated at a trade fair in Shanghai that China would continue to pursue unilateral opening to provide opportunities for foreigners to access the Chinese market.
Why It Matters: Through this new strategy, Beijing aims to capitalize on fears in Europe and Asia that <a href="https://www.benzinga.com/markets/24/11/41855784/as-trumps-return-to-white-house-china-plans-new-stimulus-package-to-protect-economy-from-us-trade-po">Trump will revive his often hostile</a> rhetoric against U.S. allies. By taking the initiative, China hopes to increase pressure on the U.S. and attempt to divide its allies.
Trump&#8217;s victory in the U.S. presidential election has also led to a decline in <a href="https://www.benzinga.com/government/24/11/41773691/us-listed-chinese-stocks-like-alibaba-jd-nio-fall-after-trumps-win-whats-going-on">U.S.-listed Chinese stocks</a>, with analysts warning of a potential escalation in U.S.-China tensions and its impact on trade policies. Major U.S.-listed Chinese stocks Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ: JD), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), NIO Inc. (NYSE: NIO), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc. (NYSE: XPEV) were trading lower in the U.S. after Trump's victory.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41809435/how-to-earn-500-a-month-from-nvidia-stock-after-trump-win?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock After Trump Win</a>
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BIDU

Xi Jinping Courts US Allies To Counter Trump's Trade Threats: Report

FTX, once a leading crypto exchange for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), has reportedly filed a lawsuit against former White House communications director Anthony Scaramucci as well as his hedge fund SkyBridge Capital. 
What Happened: The lawsuit against Scaramucci is one among the 23 filed by FTX in the bankruptcy court of Delaware on Friday in a bid to gather money for the creditors of the now-bankrupt crypto exchange, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-09/ftx-sues-scaramucci-to-recoup-money-poured-in-showy-investments">reported</a>. Plaintiffs of the lawsuit include digital-asset exchange Crypto.com and political groups such as the Mark Zuckerberg-founded FWD.US, the report added.
According to FTX, its founder Sam Bankman-Fried made &#8220;lavish and showy &#8216;investments'&#8221; through the crypto winter of 2022 including in Scaramucci for an "established financial, political, and social" network.
FTX claims in the court filings viewed by Bloomberg that the investments "conveyed little to no benefit," and "instead served only to prop up Bankman-Fried's standing in the worlds of politics and traditional finance."
Why It Matters: According to FTX, Bankman-Fried invested $67 million into various SkyBridge endeavors in 2022 when SkyBridge's assets under management had fallen to about $2.2 billion from a $9 billion high in 2015. 
FTX Ventures bought a <a href="https://www.benzinga.com/general/22/09/28855688/anthony-scaramucci-provides-more-details-on-the-deal-between-ftx-and-skybridge-capital">30% stake in SkyBridge Capital</a> in September 2022. Scaramucci then said that the firm plans to deploy capital raised from the FTX transaction to purchase more crypto assets.
FTX subsequently <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38699358/ftx-to-pay-back-customers-in-full-with-interest-as-it-amasses-billions-in-cash-this-is-jus">collapsed in </a>November 2022. 
Read Next:
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<li><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></li>
</ul>
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Anthony Scaramucci Sued By FTX, Says Bankman-Fried Made Investments In SkyBridge Endeavors That 'Conveyed Little To No Benefit'

In the wake of Donald Trump&#8216;s triumph in the U.S. presidential election, Binance CEO Richard Teng has voiced his positive outlook for the future of the cryptocurrency sector in America.
What Happened: Teng interprets Trump&#8217;s victory as a "golden era" for the crypto industry, predicting the arrival of new U.S. regulators who are open to digital currencies, <a href="https://www.ft.com/content/b7ee8186-1778-4b16-bee8-279c03923a66">reported</a> the Financial Times. The crypto sector, previously under strain from the preceding Democrat administration, now anticipates a substantial policy shift in Washington.
In the previous year, Binance faced a substantial $4.3 billion penalty for violations of anti-money laundering and sanctions, and its former head was incarcerated. The industry viewed the election as a pivotal moment to alter attitudes in Washington, which they believed were suppressing innovation and pushing businesses out of the U.S.
See Also: <a href="https://www.benzinga.com/news/global/24/11/41837111/as-trumps-return-to-white-house-china-plans-new-stimulus-package-to-protect-economy-from-us-trade-policies?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">As Trump&#8217;s Return To White House, China Plans New Stimulus Package To Protect Economy From US Trade Policies</a>
Post-election, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) experienced a nearly 10% surge, reaching a record high of over $76,000. On Thursday, a record $1.4 billion was invested into U.S. bitcoin exchange-traded funds, such as Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) and iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), which directly invest in the cryptocurrency, according to Bloomberg data.
Investors are optimistic that the Trump administration will establish an agenda that attracts major U.S. institutions that have so far remained uninvolved. Shervin Pishevar, a venture capitalist with close ties to Trump and Elon Musk, expressed that the US &#8220;is now on the verge of sensible crypto policy.&#8221;
Trump&#8217;s victory is perceived as &#8220;an unbelievably important day for the cryptocurrency industry,&#8221; in the words of Mike Novogratz, the billionaire founder of the crypto group Galaxy. The industry also anticipates a policy shift at the Securities and Exchange Commission, where chair Gary Gensler has initiated a comprehensive offensive.
The crypto industry&#8217;s ultimate goal is a policy shift at the Securities and Exchange Commission, where chair Gary Gensler has initiated a comprehensive offensive. The industry hopes for a halt on pending cases and a rectification of the perceived injustices of the previous leadership.
Why It Matters: The crypto industry&#8217;s optimism following Trump&#8217;s win is in line with recent predictions of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41814670/donald-trumps-win-coupled-with-macro-factors-sets-stage-for-accelerated-cycle-in-crypto-ma">bullish cycle in the crypto market</a>. Analysts have pointed to favorable macroeconomic conditions and the potential for more crypto-friendly legislation under the Republican administration as key drivers of this anticipated growth.
Additionally, the expected shift in regulatory policies is seen as a significant factor in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41810728/jpmorgan-predicts-strong-performance-for-bitcoin-and-gold-under-trump-presidency">predicted strong performance of Bitcoin and gold</a> under the Trump presidency. These assets are viewed as reliable stores of value in scenarios of currency devaluation, which could result from inflationary or expansionary fiscal policies.
Furthermore, the industry&#8217;s optimism is reflected in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41866459/crypto-analyst-sees-bitcoin-hitting-80000-this-month">projected price surge of Bitcoin</a> to $80,000 this month. Industry experts anticipate that a more favorable regulatory climate under the Trump administration could drive further growth in the crypto market.
Price Action: Bitcoin is trading at $77,310, marking a 13.52% increase over the past week, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a> BTC surpassed the $77,000 threshold for the first time.
Read Next: <a href="https://www.benzinga.com/news/24/11/41867302/billionaire-heir-timothy-mellons-125m-trump-donation-surpasses-elon-musks-election-contributions-report" target="_blank" rel="noreferrer noopener">Billionaire Heir Timothy Mellon&#8217;s $125M Trump Donation Surpasses Elon Musk&#8217;s Election Contributions: Report</a>
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GBTC

IBIT

Trump Victory Signals 'Golden Era' For Crypto, Says Binance CEO As Bitcoin Tops $77K For First Time

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

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:
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<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;
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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;
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<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.
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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.
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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.
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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

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.
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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

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.
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</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
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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

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
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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.

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"> 
<div class="wp-block-embed__wrapper">
<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>

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.
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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.
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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.
Read Next
<a href="https://www.benzinga.com/general/market-summary/24/11/41752762/here-is-how-investors-can-capture-opportunities-from-the-election">Here Is How Investors Can Capture Opportunities From The Election</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.

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