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Former President Donald Trump has reported threats on his life by Iran, while expressing gratitude to Congress for unanimously approving increased funding for the Secret Service.
What Happened: On Thursday, Trump took to X to reveal that Iran has made unsuccessful attempts on his life. He stated, &#8220;Big threats on my life by Iran. The entire U.S. Military is watching and waiting. Moves were already made by Iran that didn't work out, but they will try again.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big threats on my life by Iran. The entire U.S. Military is watching and waiting. Moves were already made by Iran that didn't work out, but they will try again. Not a good situation for anyone. I am surrounded by more men, guns, and weapons than I have ever seen before. Thank you…
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1838802596066209994?ref_src=twsrc%5Etfw">September 25, 2024</a></blockquote>
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&#8220;I am surrounded by more men, guns, and weapons than I have ever seen before,&#8221; wrote Trump. He warned, &#8220;An attack on a former President is a Death Wish for the attacker!&#8221;
He also thanked Congress for unanimously <a href="https://www.benzinga.com/government/24/09/41038949/chuck-schumer-hails-passage-of-funding-bill-in-congress-sans-trump-backed-voting-plan-the-government">approving increased funding</a> for the Secret Service, stating, &#8220;Thank you to Congress for unanimously approving far more money to Secret Service &#8211; Zero "NO" Votes, strictly bipartisan.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40973164/nba-star-shaquille-oneal-threw-tim-walz-out-from-his-big-chicken-restaurant-and-said-dont-come-back?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">NBA Star Shaquille O&#8217;Neal Threw Tim Walz Out From His Big Chicken Restaurant And Said, &#8216;Don&#8217;t Come Back&#8217;</a>
Why It Matters: This comes after U.S. intelligence agencies revealed that Iran <a href="https://www.benzinga.com/news/24/09/40933501/us-intel-agencies-reveal-iran-tried-to-share-hacked-trump-campaign-data-with-team-biden-fbi-says-no">attempted to share</a> hacked information from Trump&#8217;s campaign with President Joe Biden&#8217;s campaign. Benzinga has previously reported that Iran had issued <a href="https://www.benzinga.com/news/24/09/40933501/us-intel-agencies-reveal-iran-tried-to-share-hacked-trump-campaign-data-with-team-biden-fbi-says-no">arrest warrants</a> against Trump over the killing of General Qasem Soleimani, the commander of the Islamic Revolution Guard Corps.
Trump had previously <a href="https://www.benzinga.com/government/22/09/28860521/trump-feared-assassination-attempt-by-iran-despite-public-bravado-following-killing-of-iranian-gener">expressed fear</a> of an assassination attempt by Iran as payback for Soleimani&#8217;s killing, according to a book by New York Times correspondent Peter Baker and New Yorker staff writer Susan Glasser.
Earlier this month, Trump survived a reported assassination attempt near his Florida property, vowing to &#8220;never surrender&#8221; after the incident. The Secret Service and the Palm Beach County Sheriff&#8217;s Office have <a href="https://www.benzinga.com/news/24/09/40870455/trump-vows-to-never-surrender-after-surviving-second-assassination-attempt">launched an investigation</a> into the matter.
Image via Shutterstock
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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News

Politics

General

Trump Says Big Threats To His Life From Iran: 'An Attack On A Former President Is A Death Wish For The Attacker!'

&#8220;Shark Tank&#8221; fame entrepreneur Mark Cuban recently disputed former President Donald Trump&#8217;s claims regarding violent victimization rates, providing a different perspective on the issue.
What Happened: On Sunday, Cuban took to X to challenge Trump&#8217;s narrative on violent victimization rates. The billionaire bolstered his arguments with &#8220;facts&#8221; shared by noted Australian economist Justin Wolfers.
In a separate post using data from the Bureau of Justice Statistics, he stated that the rates have remained within a limited range over the past decade, excluding the pandemic period. This, according to Cuban, contradicts Trump&#8217;s assertion of a significant increase.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">For those who prefer facts <a href="https://t.co/sYEBsCYsMV">https://t.co/sYEBsCYsMV</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1839443002877722701?ref_src=twsrc%5Etfw">September 26, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/40993833/irans-president-says-we-dont-want-to-fight-but-israel-wants-to-drag-everyone-into-war-and-destabiliz?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Iran&#8217;s President Says &#8216;We Don&#8217;t Want To Fight&#8217; But Israel &#8216;Wants To Drag Everyone Into War And Destabiliz</a>
In a separate post, he stated that the rates have remained within a limited range over the past decade, excluding the pandemic period. This, according to Cuban, contradicts Trump&#8217;s assertion of a significant increase.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Not quite. What they did was start calculating in 2019, the first down year for Trump. In reality his first 2 yrs were up considerably over the Obama years. This last year, the victimization rate was 22.5,lower than last yr and lower than the 23.2 Trump had in 2018 The right… <a href="https://t.co/FXu6FiOgxB">https://t.co/FXu6FiOgxB</a> <a href="https://t.co/HlGVaEvEUw">pic.twitter.com/HlGVaEvEUw</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1839457365994918171?ref_src=twsrc%5Etfw">September 27, 2024</a></blockquote>
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The billionaire investor pointed out that the rate was 22.5 last year, lower than the previous year and lower than Trump&#8217;s 23.2 in 2018.
Why It Matters: Cuban&#8217;s comments provide a different perspective on the issue, which has been a point of contention in the political sphere. The entrepreneur, who has <a href="https://www.benzinga.com/general/entertainment/24/09/41052701/mark-cuban-compares-kamala-harris-rise-in-2024-election-polls-betting-odds-to-new-ceo-that-">publicly endorsed</a> Vice President Kamala Harris for president, has been vocal about his views on various Trump policies, <a href="https://www.benzinga.com/news/24/09/40765551/mark-cuban-asks-trump-advisor-done-any-modeling-of-the-financial-impact-of-deporting-20-million-peop">including immigration and tariff policies</a>. 
Previously, Cuban has also questioned Trump&#8217;s <a href="https://www.benzinga.com/news/24/09/40869372/mark-cuban-calls-out-trumps-investment-record-which-startups-has-trump-ever-invested-in-that-didnt-i">track record</a> of investing in startups outside his family businesses. He has <a href="https://www.benzinga.com/news/24/03/38013062/mark-cuban-reveals-the-one-reason-he-wont-vote-for-donald-trump-and-why-joe-biden-is-the-better-lead">likened the role</a> of the U.S. presidency to that of a CEO, emphasizing the importance of stability and loyalty within an administration. 
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Mark Cuban Cites Noted Economist To Dish Out 'Facts' On Violent Crime: 'That Makes Trump Wrong'

Following several high-profile departures, <a href="https://www.benzinga.com/news/24/09/41037848/openai-cto-mira-murati-steps-down-i-want-to-create-the-time-and-space-to-do-my-own-exploration-elon">with the latest being</a> OpenAI CTO Mira Murati, CEO Sam Altman has taken to social media to address the concerns and criticisms raised.
What Happened: On Thursday, Altman took to X, formerly Twitter, and defended the exits of Ilya Sutskever, Greg Brockman, Murati, and others from the company.
He Altman justified the leadership changes as a natural part of the evolution of rapidly growing companies.
&#8220;Leadership changes are a natural part of companies, especially companies that grow so quickly and are so demanding,&#8221; Altman stated.
He also acknowledged the abruptness of the situation, stating, &#8220;Obviously won't pretend it's natural for this one to be so abrupt, but we are not a normal company.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40998105/marques-brownlee-reviews-apples-iphone-16-and-launches-new-app-this-is-the-most-unfinished-ive-ever?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marques Brownlee Reviews Apple&#8217;s iPhone 16 And Launches New App: &#8216;This Is The Most Unfinished I&#8217;ve Ever Seen A New iPhone Launch&#8217;</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">i just posted this note to openai: Hi All– Mira has been instrumental to OpenAI's progress and growth the last 6.5 years; she has been a hugely significant factor in our development from an unknown research lab to an important company. When Mira informed me this morning that…
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1839096160168063488?ref_src=twsrc%5Etfw">September 26, 2024</a></blockquote>
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The CEO&#8217;s statement appears to be in response to an old image of him with the now-departed members, marked with crosses to signify their exit, being circulated on social media.
Tesla and SpaceX CEO Elon Musk also reacted to this image. The <a href="https://www.benzinga.com/news/24/06/39283661/elon-musk-drops-openai-lawsuit-involving-sam-altman-greg-brockman-a-day-after-blasting-apple-for-par">tech mogul co-founded</a> OpenAI in 2015 but left the company in 2018 over some differences.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The leadership shakeup at OpenAI comes at a time when the company is reportedly transitioning from a non-profit to a for-profit benefit corporation.
This shift is aimed at making the AI startup more appealing to potential investors. The restructuring could potentially value the company at $150 billion and result in a <a href="https://www.benzinga.com/news/large-cap/24/09/41053431/openai-ceo-says-leadership-shakeup-aims-to-flatten-structure-elevate-new-leaders">significant financial gain for Altman</a>.
Previously, it was reported that the transition to a for-profit model could pave the <a href="https://www.benzinga.com/news/24/09/41043358/sam-altman-poised-for-10-5b-payday-as-openai-transitions-to-for-profit-model-with-150b-valuation-on">way for an initial public offering</a> (IPO) in the future. However, this move has not been without controversy.
Musk has already <a href="https://www.benzinga.com/news/24/09/41039287/elon-musk-isnt-pleased-that-sam-altman-likely-to-get-7-stake-after-chatgpt-parents-planned-for-profi">expressed his displeasure</a> over the transition, particularly over the possibility of Altman receiving a 7% stake in the company.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/41034882/billionaire-tech-ceo-makes-cameo-in-zuckerbergs-meta-connect-show?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Tech CEO Makes Cameo In Zuckerberg&#8217;s Meta Connect Show</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.

Tech

Sam Altman Hits Back At Trolls After Mira Murati's OpenAI Exit, Explains Executive Drain As Natural: 'We Are Not A Normal Company'

Shytoshi Kusama, the mysterious lead developer of the Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), shared a GIF, purportedly celebrating the breakout rally of the ecosystem's top cryptocurrencies.
What happened:  On Thursday, the pseudonymous lead posted a meme on X, showing Vegeta, a character in the popular anime series Dragon Ball, smirking after looking at a device.
The media possibly reflected Kusama's own sentiment after watching tokens like SHIB and Bone ShibaSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONE</a>) rally sharply over the day.
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&mdash; Shytoshi Kusama&#x2122; (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1839416997857083559?ref_src=twsrc%5Etfw">September 26, 2024</a></blockquote>
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SHIB, the ecosystem's biggest cryptocurrency by market capitalization, soared nearly 29% in the last 24 hours, rising to levels not seen since mid-June.&nbsp;
The coin's trading volume more than tripled to $1.2 billion in the 24-hour period,&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41053101/maxine-waters-says-crypto-is-inevitable-other-countries-are-way-ahead-of-the-united-states">Maxine Waters Says &#8216;Crypto Is Inevitable,&#8217; Other Countries Are &#8216;Way Ahead&#8217; Of The United States</a>
Additionally, BONE, the token widely used in decentralized exchange, ShibaSwap, and Layer-2 blockchain Shibarium, also bounced nearly 15%.
Why It Matters: The rally came after Shiba Inu's marketing lead, Lucie, teased details about the ecosystem's own stablecoin SHI, which was in the works.
First introduced by the project's founder, Ryoshi, in 2021, Lucie informed that SHI is a "crucial development" and its introduction was aimed at enhancing the features of Shibarium.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The SHI Stablecoin: A Key Development for Stability and Utility in the Shibarium Ecosystem The SHI stablecoin is a crucial development within the Shib ecosystem, currently in the works and not yet released. Its introduction is expected to significantly enhance the Shibarium… <a href="https://t.co/UyrJgnYR45">pic.twitter.com/UyrJgnYR45</a>
&mdash; 
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Shiba Inu Soars 29% On SHI Stablecoin Update: Lead Developer Shytoshi Kusama Teases Breakout With Dragon Ball Meme — Burn Rate Soars 33818%

Former President Donald Trump has revealed plans to meet with Ukrainian President Volodymyr Zelenskyy in New York. This comes despite recent Republican backlash against Zelenskyy&#8217;s lobbying activities in the United States.
What Happened: Zelenskyy has been striving to appease U.S. Republicans, including Trump and House Speaker Mike Johnson (R-La.), who were upset by his outreach to Democrats. The Ukrainian president&#8217;s efforts are aimed at securing more support for Ukraine&#8217;s position against Russia, <a href="https://www.ft.com/content/401e6019-4d52-4af9-919f-c1a133badd3d">reported</a> Financial Times.
Trump announced at a New York press conference that he would meet Zelenskyy on Friday morning at Trump Tower. This follows a letter from Zelenskyy to Trump requesting a meeting to discuss Ukraine&#8217;s pursuit of a &#8220;just peace&#8221;.
Zelenskyy&#8217;s outreach to Trump comes in the wake of Republican backlash over his focus on Democratic politicians during the U.S. election campaign. This occurred despite an $8 billion aid package for Ukraine, backed by Republicans.
The GOP backlash has evoked concern in Kyiv with allies of the Ukranian President saying that his U.S. trip was not managed properly. 
&#8220;It looks like the Republicans were looking for ways to create a scandal but we should have avoided giving them the opportunity. The Republicans will still be strong in Washington. They can block everything,&#8221; said a former Ukrainian official, according to FT.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Buses Won&#8217;t Be Needed Once Tesla Robotaxis Start Operating: &#8216;Will Take People Point To Point For A Similar Cost&#8217;</a>
Why It Matters: The Friday meeting comes after a series of events that have strained relations between the two leaders. According to a previous Benzinga report Trump claimed that Zelenskyy <a href="https://www.benzinga.com/news/24/09/40998738/trump-says-ukrainian-president-backs-kamala-harris-for-white-house-zelenskyy-is-the-greatest-salesma">prefers Democrats</a> to win the upcoming 2024 U.S. election. 
On Thursday, Trump criticized Zelenskyy after a canceled meeting, accusing him of <a href="http://Trump Zelensky https://www.benzinga.com/news/24/09/41040076/trump-accuses-zelenskyy-of-making-nasty-little-dispersions-after-canceled-meeting-we-continue-to-giv">refusing to negotiate peace</a> and wasting U.S. funds. Trump claimed Zelenskyy insulted him and expressed frustration over continued U.S. financial support for Ukraine.
Zelensky&#8217;s recent U.S. visit, including a munitions factory tour in Pennsylvania, has sparked GOP outrage, with Speaker Johnson and House Oversight Chair James Comer (R-Ky.) calling it a <a href="https://www.benzinga.com/news/24/09/41037745/mike-johnson-lashes-out-over-weapons-factory-tour-snub-cries-election-interference-to-ukraine-presid">politically motivated</a> event supporting Vice President Kamala Harris. They've launched an investigation, demanding the dismissal of Ukraine&#8217;s U.S. ambassador for alleged election interference. Democrats dismissed the claims, viewing Zelensky's visit as a show of gratitude.
Image via Flickr
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump Set To Meet Ukraine's President Amid Growing Kyiv Concerns Over Botched Visit: 'Republicans Were Looking For Ways To Create A Scandal'

Will Smith&nbsp;once had to address the allegations made by his wife,&nbsp;Jada Pinkett Smith, that he tends to ask strangers for money. The &#8220;Fresh Prince of Bel-Air&#8221; then narrated his side of the tale during a late-night talk show.
What Happened: In December 2017, Will Smith contradicted his wife&#8217;s version of an event where he supposedly asked a stranger for money. Jada had initially narrated this incident during a May 2017 appearance on &#8220;Jimmy Kimmel Live.&#8221;
Will Smith explained that the incident took place after the launch day of their company, Just Water.
&#8220;So it was the first day, and we're walking down the street in New York, and I see the first pallet coming into the Whole Foods,&#8221; he said.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40998105/marques-brownlee-reviews-apples-iphone-16-and-launches-new-app-this-is-the-most-unfinished-ive-ever?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marques Brownlee Reviews Apple&#8217;s iPhone 16 And Launches New App: &#8216;This Is The Most Unfinished I&#8217;ve Ever Seen A New iPhone Launch&#8217;</a>
However, the couple found themselves without cash to purchase their own product. At that moment, Will Smith proposed asking a passerby for a few dollars.
&#8220;[Jada said] there's no way that we're going to walk up to strangers and ask for money,&#8221; the &#8220;The Pursuit of Happyness&#8221; star recalled, adding, &#8220;And I was like, &#8216;Babe, they would like it. It would be fun for them to say Will and Jada borrowed $2.&#8217; She was like, &#8216;They aren't going to say Will and Jada did nothing.'&#8221;
&#8220;She made us walk four blocks to go and get $2 and then four blocks back to get the water, at which point it was good because I was parched,&#8221; he concluded.
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Why It Matters: Earlier that year, in May, when Jada appeared on the show, Kimmel recalled a story Will Smith had shared. As per the story, Will once found himself at a gas station without his wallet, low on gas, and asked a passerby for $10.
The person was shocked that Will Smith was asking for money but gave it to him nonetheless.
Jada confirmed that this wasn't an isolated incident, explaining that Will frequently pulls similar stunts, especially when she's around.
Kimmel jokingly referred to Will as "the world's most famous panhandler," to which Jada laughed and agreed.
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Just Water was founded by Jaden Smith, with the help of his parent Will and Jada. The eco-friendly water startup was inspired by Jaden&#8217;s concern for the environment and the impact of plastic waste on the oceans.
In 2019, the company that offers responsibly sourced water from upstate New York, packaged in a bottle made from 82% renewable materials, hit a $100 million <a href="https://www.fastcompany.com/90398045/jaden-smiths-just-water-just-hit-100-million-valuation">valuation</a>.
Photo Courtesy: Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

Jada Smith Once Said Will Smith Hits Up Strangers For Money, But The 'The Fresh Prince Of Bel-Air' Claims Otherwise: 'She Made Us Walk Four Blocks To Go And Get $2' Just To Buy A Bottle Of Water

Kentucky awarded the state&#8217;s first business license under its new<a href="https://www.benzinga.com/markets/cannabis/24/09/40784828/kentuckys-massive-cannabis-licensing-response-5-000-applications-filed-before-deadline"> startup program </a>on Thursday. 
KCA Labs, a hemp-testing facility based in Nicholasville, was selected to ensure that all products are tested before reaching patients, Yahoo Finance <a href="https://ca.finance.yahoo.com/news/kentucky-awards-first-business-license-200326528.html?guccounter=1">reported.</a>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40660012/10-years-ago-alcohol-was-banned-in-kentucky-now-theyre-voting-to-legalize-cannabis">10 Years Ago, Alcohol Was Banned In Kentucky, Now They&#8217;re Voting To Legalize Cannabis</a>
&#8220;I love that the first license is going to an entity that helps us do this safely,&#8221; Governor Andy Beshear (D) said during a press conference in Frankfort. "Our mission is to ensure Kentuckians with serious medical conditions have access to safe and high-quality, tested medical cannabis products. That's exactly what KCA is going to help us do."
<h3 class="wp-block-heading">KCA Labs Leading Safety Compliance</h3>
KCA Labs, which previously specialized in hemp testing, is now set to lead the charge in ensuring product quality for Kentucky's medical marijuana program.
CEO Jonathan Thompson expressed confidence in their readiness: "KCA's vast knowledge and experience with testing hemp products will translate neatly into Kentucky's new medical cannabis program."
Safety compliance facilities, such as KCA Labs, will play a pivotal role in testing every product to ensure they meet strict medical standards before being made available to eligible patients.
While the state will use a lottery system to grant licenses to businesses looking to grow, process or sell medical cannabis, there's no limit on the number of safety compliance licenses.
<h3 class="wp-block-heading">Licensing For Cultivators And Dispensaries</h3>
Kentucky is preparing for its next phase: awarding licenses to cultivators and processors via a lottery system scheduled for Oct. 28. A separate lottery for dispensary licenses is expected to follow in November. This method, according to Beshear, ensures a fair opportunity for applicants who successfully navigate the initial screening process.
The governor explained the reasoning behind this approach. "Caps on those licenses are meant to avoid flooding the market with products and exceeding demand." With nearly 5,000 applications submitted, the lottery system helps regulate supply, ensuring the market remains balanced and sustainable.
<h3 class="wp-block-heading">Overcoming Legislative Hurdles</h3>
Kentucky's medical marijuana program has overcome numerous legislative challenges to get to this point. After years of delays, state lawmakers passed the bill in 2023 to legalize medical cannabis for individuals with severe conditions, including cancer, multiple sclerosis, chronic pain, epilepsy, chronic nausea and post-traumatic stress disorder (PTSD).
In April of this year, Beshear signed follow-up legislation accelerating the licensing timeline by six months, allowing the program to begin awarding licenses in 2024 instead of 2025.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39828910/kentucky-gov-andy-beshear-to-dea-reschedule-cannabis-marijuana-products-will-reduce-suffering">Kentucky Gov Andy Beshear To DEA: Reschedule Cannabis &#8216;Marijuana Products Will Reduce Suffering&#8217;</a></li>
</ul>

Cannabis

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Kentucky Moves Closer To Medical Cannabis Rollout With First License Awarded To Testing Lab

Today, the U.S. Food and Drug Administration approved Cobenfy (xanomeline and trospium chloride) capsules for oral use for the treatment of schizophrenia in adults. It is the first antipsychotic drug approved to treat schizophrenia that targets cholinergic receptors as opposed to dopamine receptors, which has long been the standard of care.

FDA Earlier Announced Approval Of Bristol-Myers Squibb's Cobenfy With New Mechanism Of Action For Treatment Of Schizophrenia

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Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

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Starwood Property Trust Prices Private Offering Of $400M Of Its 6.000% Unsecured Senior Notes Due 2030

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Cassava Sciences shares are trading lower after the SEC charged the company, two former executives for misleading claims about Alzheimer's clinical trial.

SEC announced Cassava Sciences, Inc., its founder and former CEO, Remi Barbier, and its former Senior Vice President of Neuroscience, Lindsay Burns, will pay more than $40 million to settle charges related to misleading statements made in September 2020 about the results of a Phase 2 clinical trial for the company&rsquo;s purported therapeutic for the treatment of Alzheimer&rsquo;s disease.
Without admitting or denying the allegations, Cassava, Barbier, and Burns consented to civil injunctions against future violations and agreed to pay civil penalties of $40 million, $175,000, and $85,000, respectively. Barbier and Burns agreed to be subject to officer-and-director bars of three and five years, respectively. The settlements are subject to court approval.

SEC Charges Cassava Sciences, Two Former Executives For Misleading Claims About Alzheimer's Clinical Trial; Company To Pay Civil Penalty Of $40M

&nbsp;S&amp;P SmallCap 600 constituent SITE Centers Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SITC#NYSE">SITC</a>) is spinning off Curbline Properties in a transaction expected to be completed on October 1.
Cross Country Healthcare is no longer representative of the small-cap market space.&nbsp;

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Curbline Properties To Be Added To S&P SmallCap 600 Effective Prior To Open Of Trading On October 1, Replacing Cross Country Healthcare

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TransMedics Group To Replace Ensign Group In S&P SmallCap 600, Effective Prior To Opening Of Trading On October 1

&nbsp;S&amp;P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.&nbsp;

ENSG

Ensign Group Set To Join S&P MidCap 400, Effective Prior To Opening Of Trading On October 1, Replacing Southwestern Energy

As cannabis consumption becomes increasingly common across the U.S., a federal advisory panel is calling for a major shift in how the government handles <a href="https://www.benzinga.com/markets/cannabis/24/09/41049042/with-70-in-favor-could-nebraskas-cannabis-program-unlock-underserved-markets-local-expert-weighs">marijuana policy. </a>
Moving away from the &#8220;Just Say No&#8221; campaigns of the past, Thursday's report from the National Academies of Sciences, Engineering and Medicine advocates for a public health-focused approach, with the Centers for Disease Control and Prevention (CDC) playing a larger role than ever before, PBS News <a href="https://www.pbs.org/newshour/health/u-s-health-authorities-need-to-play-a-larger-role-in-cannabis-policy-report-says">reported.</a>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41053493/medical-marijuana-is-still-critical-balancing-act-between-recreational-medicinal-markets">&#8216;Medical Marijuana is Still Critical&#8217;: Balancing Act Between Recreational, Medicinal Markets</a>
<h3 class="wp-block-heading">A Health-Centric Shift In Cannabis Policy</h3>
"We'd like the federal government to step up to provide some leadership in this area," said Dr. Steven Teutsch of the University of Southern California, who chaired the committee behind the report. 
The CDC and the National Institutes of Health (NIH) sponsored the findings, which suggest that the rise of stronger cannabis products coupled with higher rates of daily use necessitate a more robust federal response.
A CDC spokesperson confirmed that the agency is reviewing the report&#8217;s recommendations but stressed that additional funding would be needed to implement them effectively.
<h3 class="wp-block-heading">Escalating Cannabis Potency Raises Public Health Concerns</h3>
One of the report&#8217;s key concerns is the increasing potency of marijuana. "Now you go into the stores, it's hard to find products that are less than 20% THC," noted Beau Kilmer, co-director of the RAND Drug Policy Research Center and a member of the report committee. 
This sharp increase from the roughly 5% THC levels seen 25 years ago has raised alarms over the risks associated with heavy cannabis use, including car accidents and <a href="https://www.benzinga.com/markets/cannabis/23/02/30877367/long-term-marijuana-use-can-lead-to-rare-condition-cannabinoid-hyperemesis-syndrome-say-physic-1">cannabis hyperemesis syndrome</a>, a condition that causes severe vomiting and often requires emergency medical care.
For younger users, the risks extend beyond physical health. According to the report, regular cannabis use among teenagers may interfere with learning and increase the likelihood of developing mood and anxiety disorders. Pregnant women who use cannabis regularly also risk complications for their babies.
<h3 class="wp-block-heading">Cannabis Industry Pushback</h3>
Furthermore, the report notes that cannabis industry lobbying has played a significant role in shaping state policies. In states like Washington and Colorado, efforts to limit THC concentrations or restrict the use of pesticides in cultivation have been met with resistance.
However, Aaron Smith, CEO of the National Cannabis Industry Association, defended the regulated market. "States have protected public health by replacing criminal markets with regulated businesses that are required to test products for contaminants, practice truth in labeling, and most importantly, keep cannabis products out of the hands of minors," said Smith. 
Smith added that legalizing cannabis nationally would allow for more comprehensive federal regulations, ultimately improving public health.
<h3 class="wp-block-heading">Key Recommendations From The Report</h3>
The advisory panel outlined several recommendations aimed at improving cannabis-related public health measures:
<ul>
<li>CDC: Develop and evaluate health campaigns specifically aimed at parents, teens, pregnant women, and older adults. Additionally, the agency should monitor cannabis cultivation, sales, and usage trends, while also establishing best practices for state regulations.</li>
<li>Congress: The report calls for closing a loophole that allows intoxicating hemp-derived products to be sold in states where other cannabis products remain illegal. Congress should also lift restrictions that prevent the Office of National Drug Control Policy from studying the effects of cannabis legalization.</li>
<li>States: Recommendations include requiring cannabis retail staff to undergo training and certification, expunging records for low-level cannabis-related offenses, and adopting U.S. Pharmacopeia quality standards for cannabis products.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/41034042/fbi-report-over-200-000-people-were-arrested-for-cannabis-related-violations-in-2023-how-is-that">FBI Report Over 200,000 People Were Arrested For Cannabis-Related Violations In 2023: How Is That Possible?</a></li>
</ul>

Health Care

Federal Health Agencies Must Take Stronger Role In U.S. Cannabis Policy Shift, New Report Says

Management

TFPM

Triple Flag Precious Metals Appoints Sheldon Vanderkooy As CEO And Director, Succeeding Shaun Usmar Who Departs Effective On September 26, 2024

Michael Garcia, Algoma&#39;s Chief Executive Officer, stated, &quot;Our operations are performing in line with expectations for the fiscal&nbsp;second quarter, despite operating against a backdrop of challenging market conditions for steel demand and pricing.&quot;

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ASTL

Algoma Steel Expects Q2 Total Steel Shipments Of 510,000 To 520,000 Tons; Says Operations Are Performing In Line With Expectations For The Quarter

IPO Roundup: Cuprina Holdings, Galaxy Payroll and more

IPO Roundup: Cuprina Holdings, Trident Digital and more

IPO Roundup: Bicara Therapeutics, Kairos Pharma and more

Galaxy Payroll prices its IPO at $4/share

U.S. IPO Weekly Recap: 3 Biotechs Lead Active September IPO Market

A trio of biotech companies' shares rose on Friday in their first trading sessions. Bicara Therapeutics, MBX Biosciences, and Zenas BioPharma each sold more shares in their respective initial public offerings than they had planned.

Trio Of Biotech IPOs Climb In Debuts

Trio Of Biotech IPOs Climb In Debut

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Galaxy Payroll Group Limited Announces Pricing of Its Initial Public Offering

Galaxy Payroll Group Limited Announces Closing of $7 Million Initial Public Offering

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