In 2010, <a href="https://www.benzinga.com/real-estate/24/10/41455464/warren-buffett-said-hed-buy-a-couple-hundred-thousand-single-family-homes-if-he-could-and-hed-take-o">Warren Buffett</a> made a lighthearted but pointed statement on CNBC that he'd be "eating Thanksgiving dinner at McDonald's" without the 2008 government bailout.&nbsp;



As always, Buffett delivered the line with his signature mix of wit and insight, hinting at the gravity of what could have been a complete financial meltdown. And let's be real – considering Buffett's affection for McDonald's, it wouldn't have been the worst Thanksgiving meal he could imagine, but the underlying message wasn't lost on anyone: the stakes in 2008 were no joke.



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The economy was in free fall after Lehman Brothers collapsed, a tipping point in the financial crisis that exposed how fragile the global banking system really was.&nbsp;



It was a time when "corporate America's dominos" were lined up, ready to topple. As Buffett put it, "but there were three hundred million American dominos lined up right behind them – money market funds, 401(k)s, jobs, income, all of those things were going to topple like no one had ever seen." And he was right. Money markets were frozen, job losses were mounting daily and confidence in the economy evaporated as quickly as stock prices.



Trending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a>



So what happened next? The <a href="https://www.benzinga.com/startups/24/10/41546709/warren-buffett-finally-chooses-whom-to-endorse-in-the-2024-election-and-it-might-be-a-surprise-for-m">government intervened </a>massively. The Federal Reserve, Treasury and Congress joined forces to launch an unprecedented rescue package to pump liquidity into the system. Programs were created to stabilize the banks and keep credit flowing. It wasn't pretty and it wasn't popular, but as Buffett described, "Somebody had to stop the dominos from toppling and government was the only one that could do it."



In a letter he wrote to "Uncle Sam" that appeared in The New York Times, Buffett put it like this: "Often you are wasteful and sometimes you are bullying. On occasion, you are downright maddening. But in this extraordinary emergency, you came through – and the world would look far different now if you had not." He signed it simply, "Your grateful nephew, Warren." For Buffett, the bailout wasn't about saving the banks themselves – it was about <a href="https://www.benzinga.com/startups/24/10/41658421/no-one-in-the-u-s-would-have-to-pay-a-dime-in-taxes-warren-buffett-on-berkshire-hathaways-federal-ta">saving the economy</a>. Without it, even billionaires like him might be trading in their holiday turkey for a Big Mac and fries.



Trending: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today.</a>



What made <a href="https://www.benzinga.com/general/24/02/37264271/warren-buffett-exposed-the-reason-for-trumps-failed-business-ventures-decades-before-the-fraud-case">Buffett's comments particularly noteworthy</a> was his praise for both Presidents George W. Bush and Barack Obama, rare in a political climate that was anything but bipartisan. He acknowledged that both administrations had acted courageously to stave off a potential repeat of the Great Depression. The high-stakes moment left Buffett grateful and relieved, despite his usual reluctance to cheer on big government moves.



While the McDonald's quip was classic Buffett – a mix of humor and humility – its message was serious. The Lehman Brothers collapse didn't just shake up Wall Street; it created a ripple effect that threatened the financial futures of everyday Americans. "If the government hadn't acted," he said, "we'd be living in a world that looked far different now."



Trending: 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>



Buffett is a known fan of McDonald's, regularly stopping there for breakfast on his way to the office in Omaha and famously keeping a <a href="https://www.benzinga.com/personal-finance/24/05/39083570/billionaire-bill-gates-has-a-mcdonalds-gold-card-that-gives-him-free-food-for-life-worldwide">McDonald's "gold card"</a> that gives him free meals for life in his hometown. He even joked that he's more indulgent with his breakfast choice when he's "feeling especially wealthy." But the idea of Thanksgiving dinner under the Golden Arches? Even for Buffett, that's a grim vision of what might have been if Uncle Sam hadn't stepped up in 2008.



Read Next:



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<li>According to Vanguard&#8217;s Advisor&#8217;s Alpha Study, working with a financial advisor can result in approximately 3% higher net returns annually,<a href="https://www.benzinga.com/money/3-percent-advantage-financial-advisor"> here are the benefits of partnering with a financial advisor and how to find the right one near you in minutes.</a></li>



<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target –<a href="https://www.benzinga.com/money/mode-mobile-2"> You can still get 4,000 of its pre-IPO shares for just $1,000</a></li>
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Warren Buffett Jokes He'd Be 'Eating Thanksgiving Dinner At McDonald's' If It Wasn't For 'Uncle Sam' Stepping Up

Rapper Jay-Z has shown love for leading cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in the past and even used the crypto to help set up non-profits and community projects like The Bitcoin Academy, which <a href="https://www.benzinga.com/markets/cryptocurrency/22/06/27705207/jack-dorsey-and-jay-z-announce-free-bitcoin-academy">was launched in June 2022 </a>with Jack Dorsey.



What Happened: Jay-Z and Dorsey announced on June 9, 2022 that they would launch The Bitcoin Academy on June 22, 2022, adding a community initiative to help support the area of New York where <a href="https://www.benzinga.com/topic/jay-z">the rapper grew up</a>.



"Shout out to @Jack. #Bitcoin Academy, starting in Marcy, a place that taught me so much, is hopefully the first of many. The simple goal is to provide people tools to build independence for themselves and then the community around them," Jay-Z <a href="https://x.com/sc/status/1534921133199347712">tweeted</a>.



According to the company's <a href="https://www.thebitcoinacademy.com/">website</a>, The Bitcoin Academy is about "the future of money."



"Education is power. Shawn &#8216;Jay-Z&#8217; Carter and Jack Dorsey are personally funding The Bitcoin Academy, a program for residents of Marcy Houses, in Brooklyn, New York, where Jay grew up. This program aims to provide education and empower the community with knowledge," the website reads.



The program offers free classes to Marcy Houses residents, which includes lessons on Bitcoin and how people can build their own financial future. A Bitcoin Academy spokesperson told <a href="https://techcrunch.com/2022/06/09/jay-z-jack-dorsey-bitcoin-academy-marcy-public-housing/">TechCrunch</a> previously that participants in the program would be given a small amount of Bitcoin.



The duo also launched a 500 Bitcoin investment<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41114650/if-you-invested-1000-in-bitcoin-when-jack-dorsey-and-rapper-jay-z-establish-a-bitcoin-non-"> to help grow</a> cryptocurrency in regions like India and Africa.



While The Bitcoin Academy faced criticism at the time as cryptocurrency was highly volatile and the group of residents being targeted may not be able to handle the ups and downs of the sector, the cryptocurrency has posted a nice return since the project launched.



You may not be a billionaire like Jack Dorsey, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/24/11/41856335/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-42">check out five stocks flying under the radar that deserve your attention.</a>



Investing $1,000 in Bitcoin: Investors who read about Jay-Z and Dorsey's project may have wanted to find out more about the leading cryptocurrency themselves and make a small investment.



Bitcoin traded at a high of $20,835.75 on June 22, 2022 when The Bitcoin Academy launched.



A $1,000 investment in the leading cryptocurrency could have purchased 0.04799 BTC at the time. The $1,000 investment would be worth $3,672.13 today based on a price of $76,518.55 for Bitcoin at the time of writing.



This represents a return of 267.2% over the last nearly two and a half years.



While Bitcoin's future remains up in the air, a 2024 election win by Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41778425/bitcoins-all-time-high-a-groundbreaking-milestone-and-strong-post-election-rally-coming-ex">is providing optimism</a> that the United States government will be more welcoming to cryptocurrency regulation and more pro-crypto friendly policies.



Read Next: 



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41775353/bitcoin-hits-new-all-time-high-as-donald-trump-wins-second-term-what-now">Bitcoin Hits New All-Time High As Donald Trump Wins Second Term: What Now?</a></li>
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If You Invested $1,000 In Bitcoin When Jay-Z & Jack Dorsey Opened The Bitcoin Academy, Here's How Much You'd Have Now

<h3 class="wp-block-heading">Bankruptcy Block</h3>



Wellpath Holdings Inc., a major provider of healthcare services to jails across the U.S., is preparing <a href="https://www.benzinga.com/topic/bankruptcy">to file for bankruptcy</a>. 



Owned by H.I.G. Capital, the Nashville, Tenn.-based company has struggled with debt and labor costs. Despite efforts, including a forbearance agreement with lenders, financial strains have persisted. 



This move comes as prison stocks Geo Group (NYES: GEO) and CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) moved positively to the news that Donald Trump won <a href="https://www.benzinga.com/general/politics/24/11/41779902/prison-stocks-geo-group-corecivic-rally-on-trump-2024-election-win-history-shows-the-gains-may-n">the 2024 presidential election</a>.



Meanwhile, Toronto-based Slang Worldwide Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/SLNG#CSE">SLNG</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SLGWF#OTCQB">SLGWF</a>) is entering receivership in Colorado and declared bankruptcy in Canada. Unable to repay amounts owed under its credit agreement, which matures on Nov. 15, 2024, Slang will likely dispose of or sell its assets <a href="https://www.benzinga.com/markets/cannabis/24/11/41778383/another-one-bites-the-dust-slang-worldwide-files-for-bankruptcy-due-to-inability-to-pay-debt">through a receivership process</a>.



<h3 class="wp-block-heading">New On The Block</h3>



Tripadvisor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) is currently exploring &#8220;strategic alternatives,&#8221; which is corporate jargon for a sale. According <a href="https://uk.finance.yahoo.com/news/q3-2024-tripadvisor-inc-earnings-133036809.html">to </a>CFO Mike Noonan, the company ended Q3 with $1.1 billion in cash. Should a firm make an offer, it would have to woo Liberty Media, which owns about 21% of Tripadvisor common stock — an approximate 57% voting interest.



KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) wants to sell its stake in JB Chemicals &amp; Pharmaceuticals Ltd. via a block trade in the market, <a href="https://www.bloomberg.com/news/articles/2024-11-06/kkr-is-said-to-consider-selling-750-million-stake-in-jb-pharma">per</a> Bloomberg. The private equity firm is working with an investment bank as it considers selling about $750 million worth of stock in the Indian-listed company. The size of the deal could jump to $1 billion depending on demand.



See Also: <a href="https://www.benzinga.com/news/24/11/41698607/kamala-harris-ready-if-trump-decides-to-falsely-declare-victory-we-are-prepared-to-respond">Harris &#8216;Ready&#8217; If Trump Decides To &#8216;Falsely&#8217; Declare Victory: &#8216;We Are Prepared To Respond&#8217;</a>



<h3 class="wp-block-heading">Off The Block</h3>



Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out <a href="https://www.benzinga.com/news/large-cap/24/05/38826363/anglo-american-expedites-plan-to-divest-de-beers-other-assets-after-rebuffing-bhp-takeover-bid" target="_blank" rel="noreferrer noopener">earlier this year</a>, the company is focusing on <a href="https://www.benzinga.com/topic/copper" target="_blank" rel="noreferrer noopener">copper</a>, iron ore, and crop nutrients. The joint venture holds a 70% interest in two major metallurgical coal mines in Queensland: Jellinbah East and Lake Vermont. Anglo did not operate these mines <a href="https://www.benzinga.com/news/large-cap/24/11/41739206/anglo-american-offloads-1-1-billion-coal-stake-proceeds-with-restructuring">nor market their output</a>.



Blackstone agreed to buy Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>), a U.S. shopping mall owner. The Stephen A. Schwarzman-run private equity firm valued the real estate investment trust at <a href="https://www.benzinga.com/markets/24/11/41803407/is-blackstone-finalizing-a-deal-to-acquire-one-of-americas-largest-retail-reits">around $4 billion, including debt</a>.



Air Transport Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) is going private. Investment firm Stonepeak is acquiring the aircraft lessor for $3.1 billion, including debt.



<h3 class="wp-block-heading">Updates From The Block</h3>



Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) remains optimistic about finalizing its $14.1 billion acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) by the end of the year. The Japanese company is navigating opposition from unions and the Biden administration, while also facing potential hurdles from the recent election of Donald Trump, who <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">plans to block the deal</a>.



Brookfield launched a sale process for Aveo, a Sydney-based retirement home operator, in June. The Australian reports that the $3-billion company will likely not get sold until 2025. 



<h3 class="wp-block-heading">Notes From The Block</h3>



Jim Cramer expressed optimism about a resurgence in M&amp;A with <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">the incoming Trump administration</a>. Cramer predicts a more lenient approach to M&amp;A approvals compared to the previous administration, which was known for its stringent antitrust scrutiny. The &#8220;Mad Money&#8221; host also highlighted that the regional banking sector could significantly benefit from increased M&amp;A activity, allowing banks to grow by acquiring smaller entities or merging to <a href="https://www.benzinga.com/m-a/24/11/41805370/jim-cramer-hopes-m-a-to-come-back-bigly-under-trump-administration">form larger "super regionals.&#8221;</a>



For last week&#8217;s column, <a href="https://www.benzinga.com/m-a/24/11/41700829/deal-dispatch-tgi-fridays-goes-bankrupt-bhp-backtracks-comments-and-more-m-a-news">click here.</a>



Now Read: 



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<li><a href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run">Nvidia Rides AI Wave To Replace Intel On Dow Jones Industrial Average, Ending Its 25-Year Run</a></li>
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Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.



Equities soared this week, powered by a major rally on Wednesday following Donald Trump's election win. The S&amp;P 500 gained 4.66%, with the Dow rising 4.61%—both achieving their best weeks since November 2023—while the Nasdaq outpaced them with a 5.74% increase. 



Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 30%, boosting Elon Musk's wealth, and smaller stocks outshined large caps, driven by potential trade advantages for U.S.-focused businesses. 



A rate cut from the Federal Reserve to a 4.5%-4.75% range on Thursday encouraged further risk-taking, sending the Magnificent Seven's combined market cap to <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">a new $17 trillion peak.</a>



Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.



<h3 class="wp-block-heading">The Bulls</h3>



&#8220;<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/11/41724410/nvidia-joining-dow-jones-industrial-average-where-tech-giant-ranks-in-the-index-why-sh">Nvidia Joining Dow Jones Industrial Average: Where Tech Giant Ranks In The Index, Why Sherwin-Williams Addition Could Be More Important</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, covers NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) joining the Dow Jones and replacing Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), with analysts noting Sherwin-Williams Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) may have a broader impact on the index's sector diversity.



&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41803277/dogecoin-up-79-in-a-month-nears-0-20-with-beautiful-bounce-from-key-levels-analysts-say">Dogecoin Up 79% In A Month, Nears $0.20 With &#8216;Beautiful Bounce From Key Levels,&#8217; Analysts Say</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, reports that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) has surged 79% over the past month, breaking above $0.20 as analysts predict further gains. Ali Martinez highlights a descending triangle pattern, suggesting a potential climb to $0.22, while a crypto trader forecasts a &#8220;beautiful bounce&#8221; if DOGE breaks the $0.198 resistance level.



&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">‘Messi Of AI': Wall Street Analyst Gushes Over &#8216;Robust&#8217; Earnings From Palantir</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, highlights Wedbush analyst Dan Ives&#8217; praise for Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) after its strong Q3 earnings. Ives, who calls Palantir the &#8220;Messi of AI,&#8221; noted 30% revenue growth, a 39% rise in customer count, and robust government and commercial deal momentum.



For additional bullish calls of the past week, check out the following:



<a href="https://www.benzinga.com/markets/asia/24/11/41722178/if-trump-and-republicans-sweep-dollar-may-climb-7-but-harris-win-could-bring-5-drop-says-jpmorgan">If Trump And Republicans Sweep, Dollar May Climb 7% — But Harris Win Could Bring 5% Drop, Says JPMorgan</a>



<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">Bitcoin&#8217;s Future Under President-Elect Donald Trump: A Look At His Crypto Policies</a>



<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s">Trump Election Raises Odds Of &#8216;Roaring 2020s Scenario,&#8217; Veteran Wall Street Investor Says: How High Could US Stock Market Rise?</a>



The Bears



&#8220;<a href="https://www.benzinga.com/news/24/11/41784487/rivian-lucid-stocks-sink-after-trump-win-whats-driving-bearish-move">Rivian, Lucid Stocks Sink After Trump Win: What&#8217;s Driving Bearish Move?</a>,&#8221; by <a href="https://www.benzinga.com/author/erica-kollmann">Erica Kollmann</a>, examines the post-election drop in Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares, attributed to investor concerns over Trump&#8217;s plans to eliminate EV incentives and modify EPA emissions standards.



&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41744222/plug-powers-20-billion-revenue-ambition-faces-obstacles-analyst-says">Plug Power&#8217;s $20 Billion Revenue Ambition Faces Obstacles, Analyst Says</a>,&#8221; by <a href="https://www.benzinga.com/author/surbhi-jain">Surbhi Jain</a>, discusses Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>)&#8217;s ambitious goal of reaching $20 billion in revenue by 2030, as a JPMorgan analyst highlights significant challenges ahead, citing weak hydrogen market conditions, and the need to drive rapid sales growth.



&#8220;<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">US-Listed Chinese Stocks Like Alibaba, JD, Nio Fall After Trump&#8217;s Win &#8211; What&#8217;s Going On?</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, reports that Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) stocks fell after Trump&#8217;s election victory sparked fears of renewed U.S.-China trade tensions, with potential tariffs prompting China to consider economic stimulus measures.



For more bearish takes, be sure to see these posts:



<a href="https://www.benzinga.com/news/earnings/24/11/41773974/energy-drink-maker-celsius-misses-on-q3-earnings-as-supply-chain-optimization-weighs-on-margins-det">Energy Drink Maker Celsius Misses On Q3 Earnings As Supply Chain Optimization Weighs On Margins: Details</a>



<a href="https://www.benzinga.com/markets/equities/24/11/41785495/us-treasuries-take-sharpest-plunge-in-a-year-ahead-of-fed-meeting-could-powell-adjust-stance-in-">US Treasuries Take Sharpest Plunge In A Year Ahead Of Fed Meeting: Could Powell Adjust Stance In Response To Trump?</a>



<a href="https://www.benzinga.com/trading-ideas/movers/24/11/41850890/super-micro-delisting-risk-puts-1-7-billion-bond-repayment-on-the-line">Super Micro Delisting Risk Puts $1.7 Billion Bond Repayment On The Line</a>



Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.



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Benzinga Bulls And Bears: Nvidia, Rivian, Plug Power, Palantir — And Dogecoin's 'Beautiful Bounce'

Donald Trump&#8216;s election as the 47th president of the United States sent Wall Street into a frenzy, driving major stock indexes to once <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s">again break record highs.</a>



Investors are betting that Trump&#8217;s potential policies — such as lower corporate and individual taxes, coupled with deregulation in the financial sector — will spur growth for corporate America. They may be underestimating the impact of higher deficits <a href="https://www.benzinga.com/government/24/11/41695926/a-republican-sweep-might-be-the-most-inflationary-election-outcome-economists-warn">and tariffs on inflation.</a>



Among mega-cap companies, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stood out, soaring about 30% this week, which significantly boosted <a href="https://www.benzinga.com/markets/equities/24/11/41813356/elon-musks-net-worth-soars-by-26-5-billion-in-single-day-after-tesla-stock-surges-post-trump-vic">Elon Musk's wealth</a> in the wake of Trump's victory.



Small- and mid-sized stocks outperformed large caps, driven by expectations that trade restrictions could favor domestic businesses over global corporations. The Russell 2000 index, as tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), recorded its strongest week since April 2020, while regional banks – tracked by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) – rallied to levels last seen before <a href="https://www.benzinga.com/etfs/sector-etfs/24/11/41788181/regional-bank-stocks-notch-strongest-day-in-4-years-why-analysts-expect-several-tailwinds-from-t">the March 2023 crisis.</a>



Cryptocurrencies were another major winner post-election, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hitting new all-time highs as traders anticipate a favorable regulatory landscape for digital assets in a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41832345/bitcoin-ethereum-rise-dogecoin-steady-after-fed-cuts-rate-analyst-predicts-apex-cryptos-ne">second Trump term.</a>



On Thursday, the <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41820253/fed-cuts-interest-rates-to-lowest-since-february-2023-sticks-to-data-driven-path">Federal Reserve cut interest rates</a> by 25 basis points to a target range of 4.5%-4.75%, as anticipated. This move further bolstered investor risk appetite, propelling the combined market valuation of the Magnificent Seven tech giants past the $17 trillion mark, setting a new record.



<h3 class="wp-block-heading">Powell Vs. Trump</h3>



Federal Reserve Chair Jerome Powell downplayed Trump's threat of his removal, though economists anticipate the new president may not extend Powell's term beyond its 2026 expiration. Powell adopted a dovish tone, minimizing concerns over rising Treasury yields, which markets attribute <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41849984/powell-brushes-off-trumps-removal-threat-economists-say-2026-could-be-his-last-stand">to renewed inflation expectations.</a>



<h3 class="wp-block-heading">Trump&#8217;s Tech Threat</h3>



A Trump victory could stall growth in the tech and EV sectors and slow the pace of AI advancements. Analysts warn that policies under Trump might limit innovation, affecting industries that rely on technology <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41755274/trump-win-could-hinder-tech-ev-sector-growth-slow-the-pace-of-ai-revolution-analyst">and sustainability-focused investments.</a>



<h3 class="wp-block-heading">Performance By Sector Under Trump</h3>



Analyzing S&amp;P 500 sector performance during Trump's first term reveals technology and consumer discretionary sectors outperformed, while energy lagged. In the first three months following Trump&#8217;s 2016 election,<a href="https://www.benzinga.com/general/politics/24/11/41783357/how-did-s-p-500-sectors-perform-during-trumps-first-term-could-this-time-be-different"> financials stocks outperformed.</a>



<h3 class="wp-block-heading">Consumer Sentiment Rises</h3>



U.S. consumer morale hit a six-month high, surpassing forecasts, and inflation expectations dropped to a four-year low, according to a <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41848568/us-consumer-sentiment-rises-more-than-predicted-to-6-month-highs-inflation-expectations-hit-4-year-low">University of Michigan survey</a> released Friday.



Illustration created using artificial intelligence via MidJourney.

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Trump's Win Sends Wall Street To Record Highs; Small Caps, Tesla Outperform, Fed Cuts Interest Rates: This Week In The Market

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.



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<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>

$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.



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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.



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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BioNTech Earns Upgrade From Goldman Sachs As Investment Thesis Shifts Toward Cancer Potential

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.

Market Summary

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

If you want a brand-new <a href="https://www.benzinga.com/topic/cybertruck">Tesla Cybertruck</a>, you might be surprised to discover you can have one built and delivered to your door in 10 days. While that sounds great for anyone in the market for one of these futuristic-looking trucks, it's a worrying sign for Tesla. It suggests that demand for the Cybertruck is nowhere near what Tesla hoped for – and that's a big problem for the company.



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<li>‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a></li>
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Originally, the Cybertruck had a very long waiting list. Tesla once had <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36076140/tesla-bull-calls-cybertruck-niche-product-demand-will-be-limited-until-pricing-come">over a million people</a> who put down $100 to reserve one. Back then, Elon Musk expected the Cybertruck would be sold out until 2027, meaning anyone who wanted one would have to wait years. But the situation looks very different less than a year after production began.



Only about 2.5% of those million-plus reservations turned into actual orders. Now, instead of people lining up to get their hands on one, Tesla is scrambling to find new buyers. The initial hype has fizzled and what remains is a tough market reality – Tesla has more trucks than buyers.



Trending: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>



Several new Cybertruck owners have shared their experiences online and the trend is clear: Tesla delivers these trucks much faster than expected. For example, a recent buyer, Gabe Thompson, <a href="https://www.facebook.com/groups/CyberTruck/permalink/8463465163748953/">shared</a> on social media that he ordered his non-Foundation Series Cybertruck on October 18. By Oct. 29, he was already taking delivery in Dallas. He didn&#8217;t have a years-old reservation; he simply went to Tesla's website, ordered a $79,990 truck and 10 days later, it was his.



Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>



As Torque News reports, other new owners have similar stories. One person ordered on Oct. 15 and had a delivery date of October 30. Another got his Cybertruck delivered in under three weeks after placing an order. The fact that Tesla can build and deliver these trucks so quickly suggests one thing: there aren't many new orders in the pipeline.



So what happened to all the demand? Tesla fans who were once eager to pay for the Cybertruck seem to have backed off. Some Reddit commenters speculate that years of delays, rising prices and changes to the truck&#8217;s design may have turned people off. After all, the final product isn't exactly what was first promised. It's also possible that some people who reserved a truck years ago aren't interested anymore – or can't justify the <a href="https://www.benzinga.com/news/24/08/40212316/tesla-ceo-elon-musk-reiterates-need-to-make-cybertruck-cheaper-its-a-great-truck-we-need-to-make-it">$80,000 price tag</a>.



See Also: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today.</a>



If Tesla can't build up demand for the Cybertruck, the company could face some hard choices. They might have to scale back production or pause it until demand catches up. This greatly contrasts Tesla's other models, like the Model 3 or Model Y, which continue to sell well without reservation lists. The Cybertruck was supposed to be a game-changer, but right now, it's looking more like a gamble that isn't paying off.



For anyone wanting a Cybertruck, now is probably the easiest time to get one. But for Tesla, the ease of getting one points to a bigger problem: the demand just isn't there and the hype that once surrounded the Cybertruck might have driven off into the sunset.



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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>

Startups

If You Want A New Tesla Cybertruck, You Can Get It Built And Delivered In 10 Days. That's Not A Good Thing For The EV Company

On Friday, the market cap of&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) soared <a href="https://www.benzinga.com/news/management/24/11/41856784/elon-musks-wealth-tops-300-billion-as-teslas-market-cap-soars-above-1-trillion">past the $1 trillion mark</a>, a surge attributed to CEO Elon Musk&#8217;s bet on President-elect Donald Trump.



What Happened: Following Trump&#8217;s victory and his comeback as the 47th U.S. president, Tesla&#8217;s stock experienced a sharp rally, propelling Musk&#8217;s fortune past the $300 billion mark.



During an appearance on Yahoo Finance, Wedbush analyst Dan Ives praised Musk&#8217;s support of Trump as a &#8220;poker move for the ages.&#8221; He anticipates an expedited autonomous sector, which could be worth $1 trillion alone for Tesla&#8217;s AI segment.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;Autonomous is going to get fast-tracked in our opinion, and that is significant,&quot; Wedbush managing director <a href="https://twitter.com/DivesTech?ref_src=twsrc%5Etfw">@DivesTech</a> says on <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a>. &quot;That&#39;s worth $1 trillion alone in terms of the AI piece to Tesla, and that&#39;s why for Musk, the bet on Trump, it&#39;s a poker move for the ages.&quot; <a href="https://t.co/U3rMjisDSE">pic.twitter.com/U3rMjisDSE</a>&mdash; Yahoo Finance (@YahooFinance) <a href="https://twitter.com/YahooFinance/status/1855005452930580789?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/personal-finance/24/11/41773588/elon-musks-mom-knew-he-was-a-genius-by-3-years-old-but-worried-hed-end-up-in-a-basement-now-hes-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Mom Knew He Was A &#8216;Genius&#8217; By 3 Years Old But Worried He&#8217;d &#8216;End Up In A Basement&#8217;</a>



In a separate post, Gene Munster, managing partner at Deepwater Asset Management, noted Tesla&#8217;s impressive 44% rally over the past 12 trading days. &#8220;This is more than just a meme stock,&#8221; he wrote on X, formerly Twitter.



Munster believes that Tesla&#8217;s accelerating delivery growth&nbsp;and the long-term opportunity around&nbsp;autonomy will power the fundamentals&nbsp;leading to further price appreciation. &#8220;



<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/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> up 44% over the last 12 trading days, compared to the Nasdaq up 4%. This is more than just a meme stock. The accelerating delivery growth next year (flat-ish in 2024 and up +20% in 2025) and the long-term opportunity around autonomy will power the fundamentals that should…&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1854912992472649980?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: Tesla&#8217;s stock surged nearly 29% this week following Trump's victory in the U.S. presidential election, as investors grow hopeful that President-elect&#8217;s return to the White House <a href="https://www.benzinga.com/markets/equities/24/11/41832876/elon-musk-shines-in-trump-sweepstakes-a-big-win-for-tesla-dan-ives-thinks-so">could favor the automaker</a>.



The Tesla CEO was a key political supporter of Trump's 2024 campaign, reportedly donating over $130 million to aid his re-election.



<a href="https://www.benzinga.com/news/24/11/41766547/trump-gives-victory-speech-in-florida-as-winning-pennsylvania-puts-him-at-brink-of-victory-vows-to-f">Trump's victory speech</a> also praised Musk, dedicating nearly four minutes to call him a &#8220;super genius&#8221; and highlighting achievements, including SpaceX launches and its expanding satellite internet network.



Musk has also shown interest in leading a proposed Department of Government Efficiency (DOGE) to reduce federal waste. Trump has suggested Musk for the role of &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41619022/trumps-billionaire-ally-plans-to-join-elon-musks-doge-if-named-treasury-secretary-recommen">Secretary of Cost-Cutting</a>,&#8221; overseeing efforts to trim $2 trillion in federal spending.



Last month, Tesla reported third-quarter revenue of $25.18 billion, reflecting an 8% year-over-year increase. However, the figure fell short of the Street consensus estimate of $25.37 billion, according to data&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>.



Price Action: Tesla shares closed Friday&#8217;s session with an 8.19% gain, finishing at $321.22. In after-hours trading, the stock rose further, reaching $322.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41764063/dogecoin-powers-to-7-month-high-as-investors-anticipate-musk-headed-doge-department-under-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Powers To 7-Month High As Investors Anticipate Musk-Headed DOGE Department Under Trump</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Photo courtesy: Tesla

Analyst Color

As Tesla Market Capitalization Soars Past $1 Trillion, Dan Ives Calls Musk's Trump Bet 'Poker Move For The Ages: Gene Munster Say It Is 'More Than Just A Meme Stock'

Standard Chartered projects a fourfold increase in the digital assets market cap, reaching $10 trillion by the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41823388/the-trump-effect-a-deep-dive-into-how-the-crypto-landscape-will-change-in-2025-and-beyond">U.S. mid-term elections in late 2026</a>.



What Happened: According to a new note from Geoffrey Kendrick, Head of Research at Standard Chartered, this growth forecast is based on <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41783773/the-future-of-crypto-regulation-under-a-trump-administration-headwinds-are-now-tailwinds">anticipated regulatory shifts</a> following a projected Republican sweep in the recent election cycle, which could lead to mainstream adoption and real-world use cases for digital assets.



&#8220;For me, the Trump-ublican sweep means Digital Assets are finally going to come of age,&#8221; Kendrick commented, expressing confidence that favorable regulatory policies will drive adoption across the asset class. He added, "I look for the entire asset class to 4X by the time of the US mid-terms in late 2026."



Standard Chartered highlight several factors contributing to this growth projection. 



These include potential regulatory changes, such as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38733156/house-challenges-sec-over-crypto-custody-rules-biden-vows-blockade">repeal of SAB 121</a> and <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41783773/the-future-of-crypto-regulation-under-a-trump-administration-headwinds-are-now-tailwinds">favorable stablecoin regulations</a>, which the bank anticipates could be enacted shortly after the new administration takes office in January 2025.



Additionally, Standard Chartered expects the SEC to adopt a softer regulatory stance on digital assets, further opening pathways for mainstream use.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548"/></a></figure>



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41845398/the-partys-back-onchainlink-co-founder-predicts-major-crypto-growth-under-trump-presidency">&#8216;The Party&#8217;s Back On&#8217;—Chainlink Co-Founder Predicts Major Crypto Growth Under Trump Presidency</a>



The report also suggests that assets closely linked to practical, end-use cases—like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), which the bank expects to outperform Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)—are likely to see the most significant growth.



Kendrick sees strong growth potential for sectors like gaming, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41718097/how-unlocking-tokenized-real-world-assets-on-new-platforms-could-redefine-digital-finance">tokenization</a>, and emerging areas such as <a href="https://www.benzinga.com/money/what-is-depin">decentralized physical infrastructure (DePIN)</a> and consumer social, which he notes are still in early stages of development.



Furthermore, while Standard Chartered considers a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41807557/bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares">U.S. Bitcoin reserve a low-probability event</a>, it notes this move could have a significant impact on the digital assets market if implemented. 



Kendrick emphasizes that the regulatory clarity and adoption policies expected from a Trump administration could lift the entire asset class, providing an environment conducive to digital assets going mainstream.



Standard Chartered reiterates its end-2025 target prices for Bitcoin at $200,000 and Ethereum at $10,000, driven by expectations of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41785767/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">Republican-led administration's policies.</a>



What&#8217;s Next: These insights into the potential trajectory of digital assets and the broader regulatory landscape will be explored further at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will discuss the future of cryptocurrencies amid anticipated regulatory changes.



Read Next: 



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Image: Unsplash

$SOL

Bitcoin To $200,000, Ethereum To $10,000 And Crypto Market Cap To 4X By End Of 2025, Says Standard Chartered

In a viral interaction, comedian Alex Strenger confronted former House Speaker <a href="https://www.benzinga.com/topic/nancy-pelosi">Nancy Pelosi</a> during a book signing at the Texas Tribune Festival in Austin. Strenger, who posed as a Democrat, showered Pelosi with praise before asking the question everyone has on their mind: what stocks should they buy?



Don't Miss:



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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>



<li>‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a></li>
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Strenger went up to Pelosi as she autographed copies of her recently released book, &#8220;The Art of Power.&#8221; He called her &#8220;the greatest options trader of all time&#8221; and asked her head-on what stocks he should buy. Wearing a COVID mask and a Bernie Sanders cap, Strenger acted as a sincere supporter, praising Pelosi&#8217;s commitment to democracy and <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">voicing worries about Donald Trump</a>.&nbsp;



<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">Assaulted by <a href="https://twitter.com/SpeakerPelosi?ref_src=twsrc%5Etfw">@SpeakerPelosi</a>'s Security Detail when all I wanted was stock advice &#x1f622; <a href="https://t.co/QwEbtxfRQk">pic.twitter.com/QwEbtxfRQk</a>&mdash; Alex Strenger (@TheAlexStrenger) <a href="https://twitter.com/TheAlexStrenger/status/1832552162209022345?ref_src=twsrc%5Etfw">September 7, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trending: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today before the offer closes in 2 weeks.</a>



"Nancy, you're the greatest options trader of all time," Strenger said, maintaining a satirical tone. "I just want to know what stocks I should buy." The crowd – and security – didn't seem to find the humor in his request. Security guards eventually stepped in and escorted Strenger away, but not before he added a jab about Pelosi's wealth compared to her congressional salary.



Pelosi, whose husband Paul has made headlines for his well-timed stock trades, mostly kept her composure. She briefly responded to Strenger&#8217;s remarks before security moved him aside.



Trending: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>



The interaction went viral, drawing a range of reactions online. <a href="https://www.reddit.com/r/unusual_whales/comments/1fcblfg/nancy_pelosi_was_asked_what_stocks_she_should_buy/">Reddit</a> users were divided – some found Strenger&#8217;s questioning amusing and brave, while others thought he lacked confidence, noting his trembling voice.&nbsp;



One commenter remarked, &#8220;Too much butter, not enough toast,&#8221; criticizing Strenger&#8217;s lengthy buildup before dropping the real question. Others focused on Pelosi, with many still skeptical about the timing of her trades and questioning whether elected officials should be allowed to invest in individual stocks.



See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target –<a href="https://www.benzinga.com/money/mode-mobile-2"> You can still get 4,000 of its pre-IPO shares for just $1,000</a>



Nancy Pelosi, who <a href="https://www.benzinga.com/markets/options/24/10/41459593/nvidia-stock-hits-all-time-highs-heres-how-much-nancy-pelosis-500-call-options-are-worth-today">receives between $174,000 and $197,000</a> a year as a senior member of Congress, has come under fire for her family&#8217;s substantial fortune, particularly her husband&#8217;s profitable trading. Paul Pelosi's purchase of Nvidia call options last November, now worth $6.6 million, has only added fuel to the fire. Calls for a ban on congressional stock trading have not been quelled by Nancy Pelosi&#8217;s insistence that her husband&#8217;s investments are unrelated to her position in Congress despite these suspicions.



The Pelosis&#8217; investments have become so notorious that an ETF tracking the trading activities of Democrats in Congress, aptly named &#8220;NANC,&#8221; has been launched. There&#8217;s even proposed legislation nicknamed the PELOSI Act aimed at restricting stock trading by lawmakers and their spouses. But for now, as Strenger learned firsthand, Pelosi isn&#8217;t about to start giving out trading tips at public events – even if she's touted as the &#8220;greatest options trader of all time.&#8221;



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<li>This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's a limited time opportunity to invest at $1,000 for only $0.50/share before closing date.</a></li>



<li>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/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Someone Asked Nancy Pelosi, 'The Greatest Options Trader Of All Time,' What Stocks To Buy – To Her Face. It Went Exactly As You'd Imagine

El Salvador, the first nation state to adopt Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a means of payment, is up 81% on its investments, according to <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/32010471/cryptos-crystal-ball-how-to-gain-an-edge-with-on-chain-analysis">on-chain analysis</a>.



What Happened: Spotonchain data <a href="https://platform.spotonchain.ai/en/profile?address=32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo">shows</a> El Salvador's strategic Bitcoin investments, led by president Nayib Bukele, have reaped gains of $24.54 million. Starting Nov. 18, 2022, the country purchased one bitcoin daily at an average price below $42,000.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548"/></a></figure>



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41807557/bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares">Bitcoin As America&#8217;s Gold? How Trump&#8217;s Bitcoin Act Could Reshape US Reserves</a>



El Salvador's embrace of Bitcoin, recognized as legal tender since 2021, has positioned it as a leader in crypto adoption. Bukele's initiatives included a <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39355769/el-salvadors-president-bukele-proposes-bitcoin-bank-to-attract-billions">proposal for a national Bitcoin bank</a> just two weeks into his second term.



His ambitious "Bitcoin City" project, has attracted major investments like Yilport Holding's <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40330518/nayib-bukeles-bitcoin-city-project-in-el-salvador-attracts-1-6b-investment-from-turkey-bas">$1.6 billion in the country's seaports</a>. This marks largest private investment in the nation&#8217;s history.



Bitcoin influencer Max Keiser commended El Salvador for its Bitcoin strategy, saying the &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41591016/the-american-dream-is-alive-in-el-salvador-and-its-safer-than-disneyland-says-bitcoin-bull">American dream is alive</a>&#8221; in the country. However, the country&#8217;s &#8216;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41608795/remember-the-passports-for-bitcoin-initiative-in-el-salvador-its-not-going-so-well">passports for Bitcoin</a>&#8216; initiative has not seen any interest yet and president Bukele admitted that <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40644084/el-salvador-president-nayib-bukele-says-bitcoin-uptake-hasnt-been-a-resounding-success-we-">Bitcoin uptake has not been a resounding success</a>.



What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.



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Image: Shutterstock

El Salvador's Bitcoin Bet Is Paying Off—Here's How Much The Country Is Up

The Symbol LN was not found. Here are some similar symbols and popular symbols to consider.

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