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Blue Owl Capital

Owl Rock Capital

Blue Owl Capital Corp is a specialty finance company and business development company (BDC) focused on providing direct lending solutions to U.S. middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns, including senior secured, subordinated, or mezzanine loans and equity-related instruments. Its investment strategies are intended to generate favorable returns across credit cycles with an emphasis on preserving capital.

Blue Owl Capital Corporation Common Stock

Blue Owl Capital Corp

OBDUCAT AB B SHS by Obducat AB

UBS Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.22 by 95.45 percent. This is a 295.45 percent increase over losses of $(0.22) per share from the same period last year. The company reported quarterly sales of $12.334 billion which beat the analyst consensus estimate of $11.132 billion by 10.80 percent. This is a 5.46 percent increase over sales of $11.695 billion the same period last year.

Earnings

Earnings Beats

News

UBS Gr Q3 2024 GAAP EPS $0.43 Beats $0.22 Estimate, Sales $12.334B Beat $11.132B Estimate

California-based EV startup Lucid Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) will start taking orders from customers in the U.S. <a href="https://www.benzinga.com/topic/lucid-gravity">for its Gravity SUV</a> starting Nov. 7, the company said on Tuesday.
What Happened: Orders will initially be taken for the Grand Touring trim of the SUV starting from $94,900 which is expected to start production in late 2024. 
Production of the lower-priced Touring trim of the vehicle, starting at $79,900, will start only in late 2025, the company said. 
Existing Lucid owners will be given priority when taking delivery of the Gravity SUV, the company said.
The Gravity is expected to rival Tesla Inc.&#8217;s Model X SUV which starts at $79,990 for the base version and at $94,990 for the more premium Plaid version. The corresponding Gravity variants are priced at just $90 lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Variant</td>
<td>Tesla Model X</td>
<td>Variant</td>
<td>Lucid Gravity</td>
</tr>
<tr>
<td>All-Wheel Drive</td>
<td>$74,990</td>
<td>Touring</td>
<td>$79,900</td>
</tr>
<tr>
<td>Plaid</td>
<td>$94,990</td>
<td>Grand Touring</td>
<td>$94,900</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Tesla &amp; Lucid</figcaption></figure>
During Lucid&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi" target="_blank" rel="noreferrer noopener">first-quarter earnings call in May</a>, the CEO said that Gravity has a "significant opportunity" that the Model X did not capture. While the Model X is a bit car-like, the Gravity is a proper three-row SUV and is on track to become the "world's best SUV," he said.
Why It Matters: Currently, Lucid&#8217;s Air sedan, with a starting price of $69,900, is its&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39743359/exclusive-as-lucid-gears-up-to-take-on-teslas-model-x-analysts-lay-out-the-problems" target="_blank" rel="noreferrer noopener">only vehicle in production</a>. The vehicle is aimed at a more premium customer base with its Grand Touring and Sapphire versions starting at $110,900 and $249,000, respectively.
After Gravity, the company also intends to start production of a high volume, midsize vehicle in late 2026, which is&nbsp;<a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi" target="_blank" rel="noreferrer noopener">expected to start at around $48,000</a>, as a&nbsp;<a href="https://www.benzinga.com/news/24/06/39135581/youtuber-mkbhd-praises-lucid-air-sapphire-if-it-couldnt-be-a-tesla-it-would-have-to-be-this" target="_blank" rel="noreferrer noopener">direct competitor&nbsp;</a>to Tesla&#8217;s mass-market offerings Model 3 and Model Y.
The Gravity SUV was unveiled in November 2023. In August, Lucid CEO Peter Rawlinson refused to give a date for opening reservations of its upcoming&nbsp;<a href="https://www.benzinga.com/news/24/07/40060405/lucid-commences-pre-production-of-model-x-rival-gravity-suv-not-all-evs-are-born-equal-says-ceo-pete" target="_blank" rel="noreferrer noopener">Gravity SUV</a>, while also criticizing rival auto companies for ‘prematurely' opening a reservation list.
"What we feel is that some companies have really done their customer base a disservice by prematurely opening a reservation list. It becomes very speculative and almost meaningless to a certain degree," Rawlinson said during the company's <a href="https://www.benzinga.com/news/earnings/24/08/40171836/lucid-q2-earnings-highlights-revenue-beat-eps-miss-1-5-billion-financing-commitment-from-saudi-inve" target="_blank" rel="noreferrer noopener">second-quarter earnings call</a>, adding that the company will start taking orders when it is in a position to do so.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41592800/us-auto-sales-to-pick-up-pace-in-october-with-evs-crossing-9-market-share-says-s-p-global-mobility" target="_blank" rel="noreferrer noopener">US Auto Sales To Pick Up Pace In October With EVs Crossing 9% Market Share, Says S&amp;P Global Mobility</a></li>
</ul>
Photo courtesy: Lucid

Tech

LCID

Lucid To Start Taking Orders for Gravity SUV Next Week, But Only For Premium Variant Priced At About $95,000

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the Nasdaq Composite surging to a new record high during the session.
Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) reported better-than-expected results for its third quarter. McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) posted better-than-expected third-quarter earnings on Tuesday.
On the economic data front, the S&amp;P CoreLogic Case-Shiller home price index rose 5.2% year-over-year in August versus a 5.9% gain in July. U.S. wholesale inventories declined by 0.1% month-over-month to $905 billion in September compared to a revised 0.2% gain in the earlier month. The U.S. trade deficit increased to $108.2 billion in September from the $94.2 billion gap in the previous month.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, consumer staples, and utilities stocks recording the biggest losses on Monday. However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 155 points to 42,233.05 on Tuesday. The S&amp;P 500 rose 0.16% to 5,832.92, while the Nasdaq Composite climbed 0.78% to close at 18,712.75 during Tuesday's session.
Investors are awaiting earnings results from Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), and Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 60.2, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 60.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41599928/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-for-october">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio For October</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Markets

Trading Ideas

MSFT

SBUX

Nasdaq Hits Record High Ahead Of Big Tech Earnings: Fear Index Remains In 'Greed' Zone

GUIDANCE 2024&nbsp;
On the back of strong momentum in its biosimilars business and solid generics demand, the company is increasing its full-year 2024 net sales guidance to high-single digit growth in constant currencies versus prior year (from mid- to high-single digit) and is confirming its core EBITDA margin guidance of around 20%.

Guidance

SDZNY

Sandoz Raised Its 2024 Net Sales Growth Guidance To High-Single Digits In Constant Currency; Maintains Core EBITDA Margin Guidance At ~20%

&nbsp;
<ul>
<li>Strong third-quarter biosimilars growth of 37% in constant currencies from existing portfolio and recent launches&nbsp;</li>
<li>Generics growth acceleration driven by Europe&nbsp;</li>
<li>Third-quarter net sales1 of USD 2.6 billion, up 12% in constant currencies (up 11% in USD)&nbsp;</li>
<li>Nine-month net sales of USD 7.6 billion, up 9% in constant currencies (up 8% in USD)</li>
</ul>

Sandoz Q3 Sales $2.595B Up From $2.337B YoY

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to report quarterly earnings at $5.25 per share on revenue of $40.29 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Meta shares gained 2.3% to $606.90 in after-hours trading.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) posted better-than-expected results for the third quarter on Tuesday. The company reported third-quarter revenue of $88.27 billion, up 15% year-over-year. The total beat a Street consensus estimate of $86.31 billion. Alphabet shares gained 5.8% to $179.50 in the after-hours trading session.</li>
<li>Analysts expect Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to post quarterly earnings at $3.10 per share on revenue of $64.51 billion. The company will release earnings after the markets close. Microsoft shares rose 1.2% to $437.06 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) reported upbeat fourth-quarter results after Tuesday&#8217;s closing bell. Visa reported quarterly earnings of $2.71 per share, which beat the analyst consensus estimate of $2.58 per share. Visa shares rose 1.8% to $286.93 in the after-hours trading session.</li>
<li>Analysts expect Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) to report quarterly earnings at $5.36 per share on revenue of $16.28 billion before the opening bell. Caterpillar shares fell 0.1% to $387.21 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41599928/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-for-october">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio For October</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

GOOG

GOOGL

Alphabet, Microsoft And 3 Stocks To Watch Heading Into Wednesday

The airline has deployed wired and wireless network upgrades from Juniper across its headquarters, leveraging purpose-built AIOps capabilities to enable its continued expansion

JNPR

Juniper Networks Powers Thai Airways' Digital Transformation With AI-Native Platform

This story was first published on the&nbsp;<a href="https://in.benzinga.com/markets/equities/24/10/41349626/much-appreciated-elon-musk-cheers-indias-move-to-allocate-satellite-spectrum" target="_blank">Benzinga India portal.</a>
Tech behemoth&nbsp;Apple&nbsp;has reportedly initiated initial manufacturing efforts for next year&#39;s entry-level iPhone model, expected to be named the&nbsp;iPhone 17. For the first time, this early-stage development is taking place in India, moving away from Apple&#39;s traditional reliance on China.
What Happened:&nbsp;The development process for the iPhone 17 is currently underway at&nbsp;Foxconn&rsquo;s&nbsp;facility in Bengaluru, according to sources cited by The Information.
Apple has never previously conducted this essential phase of iPhone development &mdash; internally known as new product introduction (NPI) outside of China. The NPI process spans from October to May and involves transitioning prototype designs into mass-producible devices and testing various materials, equipment and manufacturing techniques.
While the base iPhone 17 model, reportedly codenamed V57, is progressing in India, Apple will reportedly continue to develop the more advanced&nbsp;iPhone 17 Pro&nbsp;models and the ultra-thin&nbsp;iPhone 17 Air&nbsp;in China, where its established manufacturing expertise remains concentrated.&nbsp;
If you&rsquo;d like to be ahead&nbsp;of the curve on the Indian stock market, sign up for our Ring The Bell newsletter by&nbsp;<a href="https://share.hsforms.com/1K1H7Kd0aRhmSdDIuxTAkxg1npzh" rel="noopener noreferrer" target="_blank">clicking here</a>.
Solid Start:&nbsp;The base iPhone 17 has reportedly successfully reached a preliminary production milestone known as &quot;proto-1,&quot; involving the manufacturing of thousands of units to assess build quality. Apple is assessing whether India-based engineers can create prototypes that meet the quality standards of those produced at its California headquarters.&nbsp;
Apple reportedly aims to initiate new iPhone development sooner in locations nearer to the final assembly sites, a move that could help the company reduce operational costs. Apple and Foxconn engineers, including Indian personnel, are actively participating in the testing phases, the publication reported.
If the early development phase is successful, this manufacturing model may be extended to additional facilities, including those in China.
Apple has been steadily expanding its production capabilities in India since 2017 as the company looks to cut back on its reliance on China, where risks have heightened due to escalating tensions between Beijing and Washington D.C. India now manufactures all four models of Apple&#39;s latest&nbsp;iPhone 16&nbsp;lineup, including the premium Pro versions.&nbsp;
The U.S. tech behemoth&nbsp;<a href="https://in.benzinga.com/news/24/10/41592667/apples-iphone-exports-from-india-reach-50-000-cr-report" target="_blank">exported nearly $6 billion (around ₹50,448 crore) worth of iPhone</a>s manufactured in India, a 30% leap from the previous year.
Beyond manufacturing, Apple is&nbsp;<a href="https://in.benzinga.com/news/24/10/41509306/apple-hires-400-new-workers-for-retail-stores-as-it-looks-to-ramp-up-india-presence" rel="noreferrer noopener" target="_blank">looking to hire 400 new employees</a>&nbsp;for its upcoming stores in Bengaluru, Pune, Delhi-NCR and Mumbai. The company opened two flagship stores last year, one in Mumbai and another in Delhi.
Read Next:&nbsp;<a href="https://in.benzinga.com/analyst-ratings/analyst-color/24/10/41616347/why-analysts-still-hold-out-hope-for-maruti-suzuki-despite-q2-results-raising-slow-?utm_source=benzinga_india&amp;utm_campaign=partner_feed&amp;utm_medium=partner_feed&amp;utm_content=site" rel="noreferrer noopener" target="_blank">Why Analysts Still Hold Out Hope For Maruti Suzuki Despite Q2 Results Raising Slow Demand Fears</a>

Asia

Apple Wants To See If It Can Build iPhone 17 From Scratch In India: Report

STGW

Stagwell's Global Footprint Widens , orsman & Bodenfors Establishes MENA Office

President Joe Biden praised Nigerian President Bola Tinubu&#8216;s leadership for his instrumental role in ensuring the release of Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) executive&nbsp;Tigran Gambaryan.
What Happened: President Biden had a call with President Tinubu on Tuesday, according to a statement from the White House. Biden appreciated Tinubu&#8217;s efforts in securing the release of Gambaryan, a U.S. citizen and former law enforcement official, on humanitarian grounds.
Biden expressed particular gratitude for the cooperation in law enforcement, including the newly established Bilateral Liaison Group on Illicit Finance and Cryptocurrencies.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41616100/peter-schiff-asks-followers-if-microstrategy-can-tower-this-gold-mining-giant-in-marketcap">Peter Schiff Asks Followers If MicroStrategy Can Tower This Gold Mining Giant In Marketcap — Here&#8217;s The Message They Delivered</a>
Why It Matters: Biden&#8217;s gesture comes a week after the Nigerian government <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41487927/nigeria-drops-money-laundering-charges-against-binance-executive-amid-diplomatic-pressure">dropped all money laundering charges </a>against Gambaryan, a Binance executive who had been in detention since February. His bail hearings and other court proceedings were&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38339166/binance-executives-bail-hearing-postponed-in-nigeria-due-to-procedural-mixups" target="_blank" rel="noreferrer noopener">repeatedly postponed due to administrative errors</a>.
Gambaryan was seen <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40680724/binance-executive-tigran-gambaryan-pleads-for-help-in-nigerian-courtroom-im-not-okay">pleading for help</a> in the Nigerian courtroom, as videos surfaced revealing a rapid deterioration in his health.
The case drew significant diplomatic attention, with discussions <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39221038/former-federal-agents-rally-demand-for-release-of-detained-binance-executive-in-nigeria-ur">between U.S. and Nigerian officials</a> aimed at securing Gambaryan&#8217;s release.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41616239/shytoshi-kusama-touts-shiba-inu-lifetime-gains-of-33774726-we-still-have-far-to-go-and-muc">Shytoshi Kusama Touts Shiba Inu Lifetime Gains Of 33774726%: &#8216;We Still Have Far To Go And Much Work To Be Done&#8217;</a></li>
</ul>
Disclaimer:&nbsp;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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BNB

Biden Praises Nigeria's Leader For Role In Binance Executive Tigran Gambaryan's Freedom

Bitcoin pulled back from near-new highs Tuesday, while stocks rallied on Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) better-than-expected third-quarter earnings.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+3.66%</td>
<td>$72,287.07</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.31%</td>
<td>$2,625.49</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+7.15%</td>
<td>$0.1757</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The world's largest cryptocurrency was within touching distance of making history as it flew to $73,577, just $160 away from the peak established earlier in March. However, the advance was halted as investors started cashing out.
With the latest rally, Bitcoin&#8217;s October gains jumped to 14.26%, as the month delivered on its promise of being one of the most rewarding in the market.
Don&#8217;t Miss:
<ul>
<li>If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, <a href="https://www.benzinga.com/money/etoro-doge" target="_blank" rel="noreferrer noopener">here&#8217;s how much you&#8217;d have today</a>.</li>
<li>Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O&#8217;Reilly and Rudy Giuliani are using this platform to <a href="https://www.benzinga.com/money/american-hartford-gold">create customized gold IRAs to help shield their savings from inflation and economic turbulence.</a></li>
</ul>
Ethereum also pulled back after scaling an intraday high of $2,680.
The rally liquidated nearly $185 million in leveraged short positions over the last 24 hours, with total cryptocurrency liquidations surging to $257 million.
Bitcoin's Open Interest soared 5.11% to $43.17 billion in the last 24 hours.&nbsp;
The number of long positions held by whale investors on cryptocurrency exchange Binance exceeded the number of shorts by a factor of 1.42
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Sui (SUI)</td>
<td>+14.89%</td>
<td>$2.11</td>
</tr>
<tr>
<td>First Neiro On Ethereum (NEIRO)</td>
<td>+10.61%</td>
<td>$0.00172</td>
</tr>
<tr>
<td>Aptos (APT)</td>
<td>+8.75%</td>
<td>$10.09</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.43 trillion, following an increase of 3.04% in the last 24 hours.
Stocks bumped to new highs Tuesday. The tech-heavy Nasdaq Composite surged 145.56 points, or 0.78%, to end at a record close of 18,712.75. The S&amp;P 500 gained 0.16% to end at 5,832.92. To the contrary, the Dow Jones Industrial Average slipped 0.36% to end at 42,233.05.
The rally came ahead of the third-quarter earnings report of the so-called "Magnificent 7" companies. Tech behemoth Alphabet released its numbers after market close, with <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">revenue and earnings beating analysts' estimates</a>.&nbsp;
See More: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2" target="_blank" rel="noreferrer noopener">You can still get 4,000 of its pre-IPO shares for just $1,000</a>
Analyst Notes: Popular cryptocurrency analyst Rekt Capital noted Bitcoin's rollicking journey to new all-time highs, adding that a monthly close around the $72,800 zone will be its highest ever.
"Without a shadow of a doubt, we&#8217;re witnessing history in the making before our very eyes," the analyst remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> A Monthly Candle Close just like this would be Bitcoin&#39;s highest Monthly Candle Close of all-time Without a shadow of a doubt, we&#39;re witnessing history in the making before our very eyes<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/Zaas4HbYT7">https://t.co/Zaas4HbYT7</a> <a href="https://t.co/2MRpS1UkJh">pic.twitter.com/2MRpS1UkJh</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1851318692664979968?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another well-known analyst, Ali Martinez, called attention to Bitcoin's MVRV Ratio's golden cross above its 365-day simple moving average, an event that has preceded "major" bull rallies throughout history.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">While <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> at $72,000 might feel like a late entry, history suggests otherwise. The MVRV Ratio crossing over its 365-SMA has often signaled major bull rallies, and this golden cross just happened again! <a href="https://t.co/Awkh0WdIOK">pic.twitter.com/Awkh0WdIOK</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1851413204737372252?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
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Additionally, Martinez raised expectations for Ethereum, projecting a target of $6,000 after it managed to hold on to the key support level at $2,400.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> has held the $2,400 support level and now might target the channel&#39;s upper boundary around $6,000! <a href="https://t.co/JecnkOercu">https://t.co/JecnkOercu</a> <a href="https://t.co/R3tss1tFLa">pic.twitter.com/R3tss1tFLa</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1851360104920068131?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
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Photo by Igor Faun on Shutterstock
Read Next:    
<ul>
<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 an opportunity to invest at $1,000 for only $0.50/share today.</a></li>
<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>

Movers

$BTC

$DOGE

$ETH

Bitcoin Hovers Around New All-Time High, Ethereum, Dogecoin Surge As Crypto Market In Turbo Mode: Top Analyst Says, 'History In The Making'

FVRR

Fiverr Expects Q4 Revenue Of $100.2M-$102.2M Vs. $100.641M Consensus And Adjusted EBITDA Of $19.5M-$21.5M

Financial Outlook
Our Q4'24 outlook and updated full-year 2024 guidance reflect the recent trends in our marketplace.
<figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>Q4 2024</td>
<td>FY 2024</td>
</tr>
<tr>
<td>Revenue</td>
<td>$100.2 - $102.2 million</td>
<td>$388.0 - $390.0 million</td>
</tr>
<tr>
<td>y/y growth</td>
<td>9% - 12% y/y growth</td>
<td>7% - 8% y/y growth</td>
</tr>
<tr>
<td>Adjusted EBITDA(1)</td>
<td>$19.5 - $21.5 million</td>
<td>$73.0 - $75.0 million</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Fiverr Raises 2024 Outlook: Now Sees Revenue Of $388M-$390M (Prior $383M-$387M) Vs. $385.134M Consensus, And Adjusted EBITDA Of $73M-$75M (Prior $69M-$73M)

Fiverr International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FVRR#NYSE">FVRR</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.59 by 8.47 percent. This is a 16.36 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $99.628 million which beat the analyst consensus estimate of $96.416 million by 3.33 percent. This is a 7.67 percent increase over sales of $92.532 million the same period last year.

Fiverr International Q3 2024 Adj. EPS $0.64 Beats $0.59 Estimate, Sales $99.628M Beat $96.416M Estimate

Former Apple Inc. executive and co-creator of the iPod, Tony Fadell has expressed his disapproval of Silicon Valley&#8217;s entitlement culture and the use of large language models.
What Happened:&nbsp;On Tuesday, Fadell, who is also the founder and former CEO of Nest Labs, took the stage at TechCrunch <a href="https://techcrunch.com/2024/10/29/tony-fadell-on-mission-driven-aholes-silicon-valley-entitlement-and-why-llms-are-know-it-alls/">Disrupt</a> 2024.
During the conversation, he underscored the importance of &#8220;mission-driven a&#x2A;&#x2A;holes&#8221; in the development of top-tier technology products.
Drawing a distinction between egocentric and mission-driven individuals, Fadell commended the latter for their attention to detail and critique of work, not people.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41599095/team-bidens-ban-on-china-tech-investments-could-impact-teslas-ai-plans-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Team Biden&#8217;s Ban On China Tech Investments Could Impact Tesla&#8217;s AI Plans: Report</a>
The tech mogul also took a swipe at Silicon Valley&#8217;s entitlement, humorously commenting on the culture of Googlers and their work habits. He voiced his disapproval of startups hiring Googlers due to their perceived entitlement.
&#8220;We said, we will never hire people from the East Coast,&#8221; referring to his time at General Magic in the 90s, adding, &#8220;because they had to have their driver, or they had to have their company car, and they had to have their corporate lunch and their special executive toilet.&#8221;
&#8220;And now I wake up today, and Silicon Valley has turned into that s&#x2A;&#x2A;&#x2A;, and I'm like, get me the f&#x2A;&#x2A;&#x2A; out of here, yeah? Entitlement everywhere,&#8221; he stated.
Fadell further criticized LLMs, describing them as &#8220;know-it-alls.&#8221; He argued that while LLMs can be beneficial in certain areas like entertainment, their adoption should not be universal due to their propensity for errors.
&#8220;If you look at artificial-specific models, they work really well,&#8221; he said, adding, &#8220;They don't hallucinate, but LLMs are trying to be this general thing because we're trying to make science fiction happen.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Fadell&#8217;s critique of LLMs comes at a time when AI technology is increasingly being integrated into various sectors, including healthcare.
Last year, Google&#8217;s medical AI chatbot, Med-PaLM 2, began testing at the Mayo Clinic. The chatbot, a variant of the PaLM 2 language model, was specifically <a href="https://www.benzinga.com/news/23/07/33167659/googles-medical-ai-chatbot-is-being-tested-in-hospitals-to-answer-questions-summarize-documents-and">tailored for medical institutions</a>.
Despite concerns about AI hallucinations,&nbsp;a 2023 study also suggested that chatbots like OpenAI&#8217;s ChatGPT could be more <a href="https://www.benzinga.com/news/23/05/32159669/chatgpt-more-empathetic-than-real-doctors-says-study-amid-worries-about-hallucinations">empathetic than actual doctors</a>.
However, not all industry leaders share the same optimism about AI in healthcare.
Earlier this year in September, billionaire investor Chamath Palihapitiya expressed a more cautious view, acknowledging the potential of AI <a href="https://www.benzinga.com/news/24/09/41038801/spac-king-chamath-palihapitiya-forecasts-how-ai-will-transform-healthcare-sector-its-not-all-roses-b">but also highlighting its limitations</a>.
&#8220;It's not all roses, but some areas if you imagine them, I'll give you a couple if you want, are just bananas, I think,&#8221; he stated at the time.
Photo by @kmeron On Flickr
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<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/24/10/41559160/elon-musks-2-9k-offer-rejected-by-sec-agency-requests-judge-to-sanction-billionaire-over-missed-depo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s $2.9K Offer Rejected By SEC, Agency Requests Judge To Sanction Billionaire Over Missed Depositions</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

iPod Co-Creator Tony Fadell Dismisses ChatGPT Type LLMs Saying 'We're Trying To Make Science Fiction Happen' — Bashes Silicon Valley's Entitlement

Bhutan transferred millions worth of state-owned Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to Binance after a four-month hiatus, sparking speculations of profit-taking as the top cryptocurrency surged toward all-time highs.
What Happened: On Tuesday, on-chain analytics firm Arkham Intelligence disclosed that the Bhutanese government moved a sizable portion of its stash, up to 832.249 BTC, worth $60.16 million at the current market price, to the leading cryptocurrency exchange. The last time such a transaction occurred was in July, marking a four-month gap.
After the transfer, the associated wallet was still left with 12,467 BTCs, worth $902 million.
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</blockquote></div></figure>

Bitcoin Correction Incoming? Bhutan Moves BTC Worth $60M To Binance

YouTube, the video platform Google acquired for $1.65 billion in 2006, has generated $50 billion in combined advertising and subscription revenue over the past four quarters, marking a milestone in its evolution from a user-generated content site to a <a href="https://www.benzinga.com/markets/equities/24/10/41615800/googles-cost-advantage-with-custom-chips-only-nvidia-tops-it-says-analyst">major streaming player</a>.
What Happened: The achievement, announced during Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) third-quarter earnings call, reflects YouTube&#8217;s successful expansion into premium services and living room entertainment, competing directly with traditional television and streaming services.
&#8220;Together, YouTube TV, NFL Sunday Ticket and YouTube Music Premium are driving subscription growth for the platform,&#8221; said Sundar Pichai, CEO of Alphabet Inc., Google&#8217;s parent company. &#8220;We are leaning into the living room experience with multi-view and a new option for creators to organize content into episodes and seasons, similar to traditional TV.&#8221;
The platform has secured its position as the leading streaming service in the United States, according to Nielsen data. Philipp Schindler, Google&#8217;s chief business officer, reported that creators optimizing content for television viewing are seeing significant returns, with the number of creators earning the majority of their YouTube revenue from TV screens increasing by more than 30% year-over-year.
Sports content has emerged as a key growth driver. The platform&#8217;s Olympics coverage garnered over 12 billion views, with 850 million unique viewers watching more than 40 billion minutes of content. 
Notably, 35% of Olympic content was viewed on television screens, highlighting YouTube&#8217;s successful transition to larger formats.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41615718/cathie-woods-sky-high-vision-dumps-shares-of-cybercab-touting-tesla-for-this-evtol-play">Cathie Wood&#8217;s Sky-High Vision: Dumps Shares Of Cybercab Touting Tesla For This eVTOL Play</a>
Why It Matters: The platform&#8217;s advertising business has also shown strong momentum, with upfront advertising commitments increasing approximately 20% year-over-year, according to Schindler.
These results contributed to Alphabet&#8217;s strong quarterly performance, with the company reporting overall revenue of $88.27 billion, a 15% increase year-over-year, <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">exceeding Wall Street expectations of $86.31 billion</a>.
Looking ahead, YouTube plans to integrate Google DeepMind&#8216;s video generation model into YouTube Shorts later this year, furthering its investment in artificial intelligence and creator tools.
Price Action: Alphabet Inc Class A shares closed at $169.68 on Tuesday, up 1.78% for the day. In after-hours trading, the stock rose by an additional 5.80%. Alphabet Inc Class C shares ended the day at $171.14, climbing 1.66%. After hours, the stock advanced a further 5.89%. Year to date, Alphabet Class C shares have risen by 22.63%, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41616040/peter-thiels-founders-fund-leads-500m-fundraise-in-waste-gas-powered-ai-cloud-start-up">Peter Thiel&#8217;s Founders Fund Leads $500M Fundraise In Waste Gas-Powered AI Cloud Start-Up</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

Social Media

Sports

Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year — Sundar Pichai Says Alphabet 'Leaning Into The Living Room Experience'

Shytoshi Kusama, the mysterious lead of the Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) ecosystem, highlighted the coin&#8217;s impressive growth since its launch and the work ahead to gain further recognition.
What Happened: On Tuesday, Kusama took to X to talk about the SHIB&#8217;s lifetime growth, which stood at a staggering 33,774,726.7% from its all-time low, higher than those of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), and Binance Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>).
The pseudonymous personality added that this wasn&#8217;t enough and efforts were in place to further enhance the ecosystem. 
&#8220;So, don&#8217;t ignore Shib. Or do, until you can no longer,&#8221; Kusama said, pointing toward critics.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> Current Lifetime to Date (from all time low) 33,774,726.7%. But again, I digress. We still have far to go and much work to be done to get the Ecosystem the respect it deserves and Treats out to the pack. So, don&#39;t ignore Shib. Or do, until you can no longer. <a href="https://t.co/ZGyJotYpf2">https://t.co/ZGyJotYpf2</a>
&mdash; Shytoshi Kusama&#x2122; (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1851413811246293472?ref_src=twsrc%5Etfw">October 30, 2024</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41609424/mstr-vs-riot-vs-coin-which-crypto-stock-stands-out-ahead-of-q3-earnings">MSTR Vs. RIOT Vs. COIN: Which Crypto Stock Stands Out Ahead Of Q3 Earnings?</a>
Why It Matters: Kusama&#8217;s post comes in the wake of <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41615810/bitcoin-hovers-around-new-all-time-high-ethereum-dogecoin-surge-as-crypto-market-in-turbo-">a broader cryptocurrency market rally</a> that witnessed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) come within touching distance of a new all-time high.
SHIB, the second-largest meme coin by market capitalization, has gained 83% this year, exceeding SOL&#8217;s spike of 77% but trailed behind DOGE and BNB, which were up 95% and 92%, respectively. 
The people at the helm of affairs have been making attempts at transforming Shiba Inu into a serious decentralized blockchain project. 
Recently, Shiba Inu announced a partnership with&nbsp;Mass, a financial solutions company, to build the&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41324354/shiba-inu-announces-new-partnership-to-build-the-financial-layer-of-upcoming-shib-state-ke" target="_blank" rel="noreferrer noopener">finance layer of its ambitious &#8220;Shiba State</a>.&#8221;
Price Action:&nbsp;At the time of writing, Shiba Inu was exchanging hands at $0.00001901, up 2,60% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: <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">Remember The &#8216;Passports For Bitcoin&#8217; Initiative In El Salvador? It&#8217;s Not Going So Well</a>
Disclaimer:&nbsp;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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$SHIB

$SOL

Shytoshi Kusama Touts Shiba Inu Lifetime Gains Of 33774726%: 'We Still Have Far To Go And Much Work To Be Done'

Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) CEO Sundar Pichai avoided detailing the company&#8217;s contingency plans if its search partnership with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) ends.
However, he cautioned that the <a href="https://www.benzinga.com/markets/equities/24/10/41244481/google-cries-foul-as-doj-moves-to-break-up-search-giant-calls-recommendations-radical-as-antitru">Department of Justice&#8217;s proposals</a> could lead to &#8220;unintended consequences.&#8221;
What Happened: During <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">Alphabet&#8217;s third-quarter earnings</a> call on Tuesday, Barclays analyst Ross Sandler questioned Google's backup plan amid the ongoing DOJ antitrust trial.
He pointed to the risk of Google losing its contract with Apple and some Android pre-install agreements if the trial doesn't go in its favor.
In response, Pichai declined to speculate on the matter due to the ongoing litigation but underscored Alphabet&#8217;s commitment to innovation and making its products easily accessible across all platforms.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41563594/ai-demand-fuels-record-profits-chip-controversies-and-tech-giants-redefine-ai-landscape-this-week-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Demand Fuels Record Profits, Chip Controversies, And Tech Giants Redefine AI Landscape: This Week In The World Of Artificial Intelligence</a>
&#8220;People have chosen us because they view it as the best product, be it consumers or partners. And we have a long track record of working hard to make sure our products are as easily available to users as possible across all platforms,&#8221; he stated.
The CEO also expressed concerns about the DOJ&#8217;s early proposals, stating they could have &#8220;unintended consequences&#8221; for&nbsp;the dynamic tech sector and&nbsp;American leadership in the field.
&#8220;We plan to vigorously defend these cases. And some of the early proposals from the DOJ, et cetera, have been far-reaching,&#8221; Pichai said.
Why It Matters: The U.S. Department of Justice (DOJ) is currently engaged in significant legal actions against Google following a <a href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report">ruling that found the tech giant guilty</a> of maintaining an unlawful monopoly in the online search market.
The DOJ is weighing proposals that could break up <a href="https://www.benzinga.com/news/24/09/40758622/doj-probes-googles-ai-strategy-as-it-looks-to-snap-its-monopoly-in-search">Google as an antitrust remedy</a> after a court found the company abused its dominance in search for over a decade, largely through exclusive deals with Apple and Mozilla.
The DOJ is also scrutinizing Google's influence in the growing generative AI market, fearing it may use its search dominance to monopolize this space as well.
In May, during the antitrust lawsuit against Alphabet, it was disclosed that <a href="https://www.benzinga.com/markets/equities/24/05/38573998/how-much-is-google-really-paying-apple-to-be-default-search-engine-on-iphones-unsealed-court-pap">Google paid Apple an astounding $20 billion</a> in 2022 to remain the default search engine on the Safari browser.
Previously, an analyst at Jeffries suggested that Google&#8217;s deal to be the default search engine on Apple iPhones is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41392474/google-deal-for-default-search-on-apple-iphones-very-likely-to-be-banned-jefferies-">&#8220;very likely&#8221; to be banned</a>.
Meanwhile, Alphabet has reported a 15% year-over-year increase in third-quarter revenue, beating Street consensus estimates.
Price Action:&nbsp;As of this writing, Alphabet&#8217;s Class A shares surged 5.80% in after-hours trading to $179.52, while Class C shares jumped 5.89% to $181.22. During the regular session, Class A shares closed at $169.68, and Class C shares at $171.14, according to<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">&nbsp;Benzinga Pro data</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41481008/the-guy-who-tracked-elon-musk-taylor-swifts-private-jet-wants-to-know-whos-behind-his-suspended-soci?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">The Guy Who Tracked Elon Musk, Taylor Swift&#8217;s Private Jet Wants To Know &#8216;Who&#8217;s Behind&#8217; His Suspended Social Media Accounts: &#8216;&#8230;Until Someone Threatens You Or Tells You To Do This&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer: 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.

Legal

AAPL

Sundar Pichai Admits DOJ Proposals Could Have 'Unintended Consequences' — Google Mapping Out Plan B In Case Apple Ends Search Deal?

A recent survey by NuggMD, a cannabis telehealth platform, found that a majority of cannabis users intend to vote for Vice President Kamala Harris in the <a href="https://www.benzinga.com/topic/2024-presidential-election">upcoming election. </a>
According to the poll (<a href="https://www.marijuanamoment.net/majority-of-marijuana-consumers-plan-to-vote-for-kamala-harris-over-donald-trump-despite-both-candidates-backing-legalization-poll-finds/">via </a>Marijuana Moment), 53% of surveyed cannabis consumers said they plan to support Harris, while 40% favor former President Donald Trump. Six percent of respondents reported being undecided.
See Also:<a href="https://www.benzinga.com/markets/cannabis/24/10/41557477/trump-has-an-enemies-list-i-have-a-to-do-list-says-kamala-harris-cannabis-legalization-is-on-it"> &#8216;Trump Has An Enemies List, I Have A To-Do List,&#8217; Says Kamala Harris — Cannabis Legalization Is On It</a>
This poll, conducted from October 24-27 among 623 self-identified cannabis consumers, also provides insight into state-level trends across six key states: California, Missouri, New York, Ohio, Oklahoma and Pennsylvania. In three of these states, Harris holds the lead, two states lean toward Trump, and one remains evenly split among cannabis voters.
Here's the state-by-state breakdown from the NuggMD poll:
California: Harris: 55% &#x7C; Trump: 39%
Missouri: Harris: 49% &#x7C; Trump: 49%
New York: Harris: 61% &#x7C; Trump: 35%
Ohio: Harris: 42% &#x7C; Trump: 58%
Oklahoma: Harris: 37% &#x7C; Trump: 54%
Pennsylvania: Harris: 69% &#x7C; Trump: 31%
The poll also revealed strong bipartisan support among Pennsylvania voters in competitive districts for marijuana legalization, including some backing from traditionally Republican areas. 
Another survey released on Oct.25 by YouGov, suggested that a majority of voters, including many Trump supporters, support the Biden administration's recent push to reschedule marijuana.
<h3 class="wp-block-heading">Cannabis Policy Becomes Central Topic In The US Elections</h3>
As the first U.S. election where both major-party candidates support federal marijuana reform, cannabis policy is a central topic. 
Harris has stated her commitment to marijuana legalization, listing it as a priority on <a href="https://www.benzinga.com/markets/cannabis/24/10/41371428/kamala-harris-marijuana-plan-could-remove-barriers-to-employment-housing-and-education-for-black">her "to-do list" if elected</a>. She recently promised to "break down unjust legal barriers" and make recreational marijuana "the law of the land."
Trump, meanwhile, voiced support for a Florida cannabis legalization ballot measure but faces criticism from the Harris campaign, which has pointed to his previous administration's stance on cannabis. 
His running mate, Senator J.D. Vance (R-OH), advocates for state-level cannabis decisions but also supports stronger enforcement actions, citing concerns about fentanyl-laced cannabis.
NuggMD's survey has a margin of error of +/- 3.9 percentage points. The company's previous polls indicate a strong preference among cannabis users for regulated cannabis markets, with nearly 80% reporting they purchase primarily from licensed retailers.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41494729/not-eating-gummies-says-kamala-harris-about-how-she-copes-with-election-stress-as-polls-tighten-">&#8216;Not Eating Gummies!&#8217; Says Kamala Harris About How She Copes With Election Stress As Polls Tighten Against Donald Trump</a></li>
</ul>
Image credits: Shutterstock.

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