Franklin Systematic Style Premia ETF (ARCA: FLSP)

에 대한 최신 뉴스 Franklin Systematic Style Premia ETF (ARCA:FLSP)

Technology

Financial Services

Healthcare

Industrials

Consumer Cyclical

Energy

Consumer Defensive

Basic Materials

Communication Services

Utilities

Real Estate

Other

The Fund seeks to achieve its investment goal by allocating its assets acrosstwo underlying alternative investment strategies, which represent top-down and bottom-up approachesto capturing factor-based risk premia. A risk premium is the economic concept that an investorshould receive a premium (that is, a higher expected return) for bearing risk. In other words, risk premiumrefers to the return that is expected for assuming a particular market risk. The strategies consist ofa top-down risk premia strategy and a bottom-up long/short equity strategy, each of which is describedbelow.

Mastercard Inc

Qualcomm Inc.

Verizon Communications Inc Vz

Microsoft Corp

Walmart Inc.

Intuit, Inc.

Franklin Systematic Style Premia ETF

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Krispy Kreme Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>)</h3>
<ul>
<li>On Jan. 9, Krispy Kreme announced changes to its global leadership team, naming Nicola Steele as incoming COO. &#8220;These leaders all have extensive company experience, commitment to operational excellence and passion for our iconic fresh doughnuts and beloved brand,&#8221; said Josh Charlesworth, Krispy Kreme CEO. &#8220;As we grow, these leadership changes will result in both a bigger and better Krispy Kreme.&#8221; The company' stock fell around 7% over the past mfive daysonth and has a <a href="https://www.benzinga.com/quote/DNUT">52-week low of $8.78</a>.</li>
<li>RSI Value: 27.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>DNUT Price Action: Shares of Krispy Kreme fell 0.6% to close at $8.94 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1">DNUT news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="807" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054417/image-103.png" alt="" class="wp-image-736405" style="width:561px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054417/image-103.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054417/image-103-300x267.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054417/image-103-768x683.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Wendy&#8217;s Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>The Wendy&#8217;s Company will report fourth quarter and full year 2024 results on Feb. 13, 2025. The company's stock fell around 10% over the past month and <a href="https://www.benzinga.com/quote/WEN">has a 52-week low</a> of $14.74.</li>
<li>RSI Value: 23.9</li>
<li>WEN Price Action: Shares of Wendy&#8217;s closed at $15.13 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1">in WEN stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="918" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054512/image-104.png" alt="" class="wp-image-736406" style="width:595px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054512/image-104.png 918w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054512/image-104-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054512/image-104-768x704.png 768w" sizes="(max-width: 918px) 100vw, 918px" /></a></figure>
<h3 class="wp-block-heading">Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>)</h3>
<ul>
<li>On Jan. 14, Morgan Stanley downgraded the stock from Overweight to Equal-Weight and cut its price target from $53 to $51. The company's stock fell around 16% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/LVS">low of $36.62</a>.</li>
<li>RSI Value: 23.5</li>
<li>LVS Price Action: Shares of Las Vegas Sands fell 1.8% to close at $44.20 on Wednesday. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1">breakout in LVS shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="890" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054605/image-105.png" alt="" class="wp-image-736409" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054605/image-105.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054605/image-105-300x286.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16054605/image-105-768x732.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/01/42998360/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

Long Ideas

News

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DNUT

Top 3 Consumer Stocks You'll Regret Missing This Month

CNBC&#8217;s Jim Cramer took to the social media platform X to endorse Taiwan Semiconductor Manufacturing Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) strong fourth-quarter <a href="https://www.benzinga.com/25/01/43019420/quantum-computing-taiwan-semiconductor-meta-intuitive-surgical-and-tesla-why-these-5-stocks-are-on-investors-radars-today">earnings</a> while taking a jibe at outgoing president Joe Biden&#8216;s sanctions on the chipmaker.
What Happened: Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chip supplier TSMC beat its fourth-quarter revenue and earnings per share estimates on Thursday, &#8220;telling an excellent story,&#8221; according to Cramer&#8217;s X post.
However, Cramer added flavor to his observation by stating &#8220;what semi-sanction will Biden pull out of the hat next!&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Taiwan Semi telling an excellent story that is good for NVDA, too, but what semi-sanction will Biden pull out of the hat next!!!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1879779490894880972?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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TSMC delivered earnings of $2.24 per share on revenue of $26.88 billion. The EPS was 3.70% higher, whereas the revenue was 1.91% higher as compared to estimates.
The earnings also beat revenue guidance of $25.8 billion, whereas the gross margin for the quarter was in line with 59% growth guided by the company.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42999475/amd-shares-hint-at-a-reversal-as-charts-show-bullish-stick-sandwich-following-a-double-downgrade-from-hsbc">AMD Shares Hint At A Reversal As Charts Show Bullish Stick Sandwich Following A Double Downgrade From HSBC</a> 
Why It Matters: On Wednesday, the Biden administration placed over two dozen Chinese entities on a U.S. trade restriction list, including Zhipu AI, a developer of large language models, and Sophgo, a company whose TSMC-manufactured chip was unlawfully integrated into a Huawei AI processor, reported Reuters.
Additionally, the Commerce Department enhanced controls on chip exports to China to more effectively prevent diversion to Huawei.
Price Action: TSMC&#8217;s stock was up 3.14% in premarket to $213.44 on Thursday. Over the past year, it has experienced a notable growth of 103.40%.
TSMC has a consensus price target of $200.8, according to the 6 analysts <a href="https://www.benzinga.com/quote/TSM/analyst-ratings">tracked by Benzinga</a>. The high target is $250, and the low is $89. Recent ratings by Barclays, Barclays, and Needham suggest a $226.67 target, implying a 4.67% upside.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/TSM/analyst-ratings"><img loading="lazy" decoding="async" width="945" height="355" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16044358/TSMC-ANR.png" alt="" class="wp-image-736272" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16044358/TSMC-ANR.png 945w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16044358/TSMC-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/16044358/TSMC-ANR-768x289.png 768w" sizes="(max-width: 945px) 100vw, 945px" /></a></figure>
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<li><a href="https://www.benzinga.com/25/01/43021065/cash-app-parent-block-inc-eyes-395-upside-bofa-believes-us-centric-re-acceleration-story-will-drive-the-stock">Jack Dorsey&#8217;s Block Eyes Over 39% Upside: BofA Says US-Centric Re-Acceleration Story Will Drive The Stock</a></li>
</ul>
Photo courtesy: Shutterstock

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General

NVDA

Jim Cramer Quips About Joe Biden's TSMC Chips Sanction As Nvidia Supplier Beats Q4 Estimates

Guidance for FY25: &nbsp;• Revenue growth of 4.5%-5.0% in constant currency • Operating margin of 20%-22%&nbsp;

Guidance

INFY

Infosys Expects FY25 Revenue Growth of 4.5%-5.0% (Prior 3.75%-4.50%) in Constant Currency, Reiterated Operating Margin of 20%-22%

The Cyberpunk 2077 hub is free to all Opera GX users. Accessible from the GX Corner home page, the hub brings a range of game-focused features.

OPRA

Opera Unveils Opera GX hub, A New Feature Designed To Blend Favorite Games Directly Into The Browser

<ul>
<li>M&amp;T's capital position continues to strengthen as the CET1 capital ratio increased for the seventh consecutive quarter to an estimated 11.67% at December 31, 2024, representing a 13 basis-point increase from 11.54% at September 30, 2024. M&amp;T repurchased shares of its common stock for a total cost of $200 million, including the share repurchase excise tax, in the fourth quarter of 2024.</li>
</ul>

Earnings

M&T's CET1 Capital Ratio Rose For The Seventh Straight Quarter To 11.67% As Of December 31, 2024, Up 13 Basis Points From September

On Thursday, Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) fourth-quarter results beat forecasts, fueled by demand for advanced processor node technologies for artificial intelligence applications.
The contract chipmaker, which supplies chips for&nbsp;Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) graphics processing unit&nbsp;(GPU)&nbsp;and Apple, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) smartphones, guided first-quarter revenue <a target="_blank" href="https://investor.tsmc.com/english/quarterly-results/2024/q4" rel="noreferrer noopener">above the consensus</a>.
Taiwan Semiconductor reported fourth-quarter revenue of $26.88 billion (NT$868.46 billion), up 38.8% year-over-year, topping the analyst consensus estimate of $26.28 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/43013634/opecs-optimism-clashes-with-ieas-conservative-2025-oil-growth-projections" rel="noreferrer noopener">OPEC&#8217;s Optimism Clashes With IEA&#8217;s Conservative 2025 Oil Growth Projections</a>
Net income and earnings per share were NT$374.68 billion and NT$14.45 per share ($2.24) versus <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus of $2.23</a>.
In dollar terms, revenue growth was 37.0% year over year and 14.4% quarter over quarter. <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips" rel="noreferrer noopener">The top-line performance</a> aligned with the company&#8217;s guidance of $26.1 billion—$26.9 billion.
Taiwan Semiconductor said its business was supported by demand for its 3-nm and 5-nm technologies. However, it expects smartphone seasonality to impact the first quarter, partially offset by continued growth in AI-related demand.
The company said 3-nm accounted for 26% of the total revenue, 5-nm accounted for 34%, and 7-nm technologies accounted for 14%. 7-nm and more advanced technologies comprised 74% of the total wafer revenue.
Margin Profile:&nbsp;Taiwan Semiconductor&#8217;s AI technology moat helped it expand its fourth-quarter gross margins by 600 bps to 59%, as its 3-nm and 5-nm chips gain traction at the cost of&nbsp;Intel Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and&nbsp;Samsung Electronics&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>),&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/42825523/taiwan-semi-likely-for-upside-backed-by-ai-demand-and-advanced-node-pricing-analyst-says" rel="noreferrer noopener">which struggled to transition</a>&nbsp;into advanced nodes. Taiwan Semiconductor&#8217;s operating margin expanded by 740 bps to 49%.
Outlook: Taiwan Semiconductor is guided for first-quarter 2025 revenue of $25.0 billion-$25.8 billion versus the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$24.97 billion consensus estimate</a>. It expects a gross margin of 57%—59% and operating profit margins of 46.5%—48.5%.
The company earmarked fiscal 2025 capex worth $38 billion-$42 billion (versus $29.8 billion a year ago) amid intensifying geopolitical tensions between the U.S. and China, with the former eying tougher <a target="_blank" href="https://www.benzinga.com/25/01/43003008/taiwan-semi-samsung-intel-may-face-stricter-us-rules-on-chip-exports-to-china-over-security-concerns" rel="noreferrer noopener">artificial intelligence technology</a> restrictions on the latter, citing national security concerns.
Taiwan Semiconductor stock surged over 103% in the last 12 months.
Investors can gain exposure to semiconductor manufacturing stocks through the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: TSM stock traded higher by 4.86% at $216.85 premarket at the last check on Thursday.
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</ul>
Photo by wakamatsu.h via Shutterstock

Large Cap

Movers

Tech

AAPL

INTC

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

SSNLF

Taiwan Semiconductor Q4 Earnings: 3nm and 5nm Nodes Lead Topline Growth, Expands Margins, Issues Strong Q1 Outlook

Earnings Beats

Infosys Q3 2025 GAAP EPS $0.19, Inline, Sales $4.939B Beat $4.882B Estimate

M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) reported quarterly earnings of $3.92 per share which beat the analyst consensus estimate of $3.73 by 5.09 percent. This is a 39.5 percent increase over earnings of $2.81 per share from the same period last year. The company reported quarterly sales of $2.385 billion which beat the analyst consensus estimate of $2.340 billion by 1.93 percent. This is a 3.70 percent increase over sales of $2.300 billion the same period last year.

M&T Bank Q4 2024 Adj. EPS $3.92 Beats $3.73 Estimate, Sales $2.385B Beat $2.340B Estimate

STGW

Stagwell Announces Intent To Acquire ADK GLOBAL, Strengthening APAC Presence And Expanding Global Marketing Reach With Local Market Expertise

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) on Wednesday launched 365 Copilot Chat, its AI-powered chat service with AI agents and a new pay-as-you-go plan.
What Happened: The company has rebranded its AI chat service, formerly known as Bing Chat Enterprise, under a new plan named Microsoft 365 Copilot Chat.
The service is tailored for businesses and offers features centered on workflow automation.
The Copilot Chat is built on OpenAI&#8217;s GPT-4 AI model and can be used for tasks such as conducting market research, preparing for meetings, creating key takeaways in Word documents, and even generating AI-powered images for social media posts and campaigns using Copilot Pages.
See Also: <a href="https://www.benzinga.com/25/01/43019833/elon-musk-buying-tiktok-could-hurt-tesla-warns-gary-black-but-dan-ives-thinks-it-makes-sense">Elon Musk Buying TikTok Could Hurt Tesla Stock, Warns Gary Black — But Wedbush's Dan Ives Thinks It Makes Sense</a>
Earlier, AI agents were only accessible with the full Microsoft Copilot subscription, which costs $30 per user per month. However, with the new Copilot Chat plan, businesses can access Copilot AI agents directly within the chat experience and pay based on usage.
While the exact cost for Copilot Chat will vary depending on usage, it&#8217;s a significant move towards flexible pricing, particularly beneficial for businesses with fluctuating needs or smaller teams that may not require constant access to AI agents.
Copilot Chat is available in the Microsoft 365 Copilot app for Windows, Android, or iPhone app stores or via Microsoft 365 Copilot&#8217;s official website.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Announcing Microsoft 365 Copilot Chat. Making AI more accessible to every employee in every business. <a href="https://t.co/cHD89JuxHz">pic.twitter.com/cHD89JuxHz</a>
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1879530451716776062?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
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Why It Matters: The introduction of AI agents in Microsoft 365 Copilot Chat is part of a broader trend in the tech industry towards integrating AI into everyday business operations.
Startups like OpenAI or established players like Alphabet Inc.'s (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>) Google have already rolled out or are <a href="https://www.benzinga.com/24/12/42446686/google-introduces-ai-agent-prototype-that-can-browse-the-web">preparing to introduce</a> comparable AI agent tools.
Meta Platforms Inc. (META) CEO Mark Zuckerberg has also addressed the transition from chatbots to AI agents capable of handling more complex tasks and goals.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has likewise forecasted that AI-powered employees will soon become a <a href="https://www.benzinga.com/tech/24/11/41869577/nvidias-huang-sees-ai-employees-on-the-horizon">vital component of the corporate</a> workforce.
Moreover, Microsoft also faces mounting pressure to deliver returns on its significant AI investments, with the software giant planning to allocate <a href="https://www.benzinga.com/25/01/42801720/microsoft-to-invest-80-billion-in-ai-data-centers-for-fiscal-2025">about $80 billion this fiscal</a> year toward data centers and AI infrastructure.
In November last year, Microsoft started enabling customers to develop autonomous agents that need little human involvement. Some analysts suggest that this approach could provide tech companies with an easier route to monetization, noted Reuters.
Price Action: Microsoft&#8217;s stock increased by 2.56% on Wednesday, finishing at $426.31. In pre-market trading on Friday, it gained another 0.74%, reaching $429.48, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

GOOG

GOOGL

MSFT

Microsoft Launches 365 Copilot Chat For Business With Pay-As-You-Go Plan

HUIZ

Huize Launches "PrimeMed" Customized Mid-Tier Medical Insurance In Partnership With CCIC And MSH CHINA To Provide Access To High-Cost, Specialized Medical Resources

Macro Economic Events

Econ #s

Economics

Eurozone Trade Balance For November 16.4B Vs. 11.8B Est.; 6.8B Prior

According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, on Thursday, during pre-market hours, Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) saw a rise of 3.74%. At the same time, Jack Dorsey&#8216;s Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), Carvana Co and automaker Nikola Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) also experienced gains of 1.09%, 1.50% and 0.81%, respectively. This uptick followed the announcement of the closure of <a href="https://pro.benzinga.com/">Hindenburg Research</a>, a well-known short-selling firm.
Hindenburg Research, a prominent short-selling firm known for its high-profile investigations, announced its shutdown on Wednesday. Founder Nathan Anderson cited personal reasons for closing the firm, which had been active since 2017. The firm gained notoriety for its exposés on companies like the SMCI, Nikola and India&#8217;s Adani Group, leading to significant market impacts.
Last year, Hindenburg accused Super Micro Computer <a href="https://www.benzinga.com/trading-ideas/short-ideas/24/08/40579899/super-micro-computer-stock-falls-on-short-report-hindenburg-says-company-has-accounting">of &#8220;accounting manipulation,&#8221; </a>sibling self-dealing and sanctions evasion in a short report issued Tuesday.
Hindenburg&#8217;s reports have resulted in nearly 100 civil and criminal charges against various executives and companies. One of its most notable investigations was a<a href="https://www.benzinga.com/markets/equities/25/01/43022017/indias-second-richest-mans-conglomerate-rattled-by-hindenburg-researchs-damning-report-in-2023-adds-over-5-9-billion-after-short-seller-shuts-shop#:~:text=Why%20It%20Matters%3A%20Hindenburg%20had,founder%20Adani%20for%20alleged%20fraud.">gainst the Adani Group in 2023, </a>which led to over $100 billion in market value loss and legal repercussions for founder Gautam Adani. The firm's allegations against Nikola Corp in 2020 resulted in a major stock price drop and led to the resignation of its founder, Trevor Milton.
In its final report, Hindenburg accused&nbsp;Carvana Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>)&nbsp;of accounting irregularities, though the&nbsp;company denied these claims. Anderson plans to document Hindenburg&#8217;s investigative methods over the next six months, aiming to inspire future market watchdogs.
Read Also: 
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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.
Photo courtesy: Wikimedia

CVNA

NKLA

SMCI

SMCI Stock Gains Over 3% In Thursday Pre-Market After Short Seller Who Alleged 'Accounting Manipulation' Shuts Shop: Nikola, Block And Carvana Also In Focus

Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) rose sharply in today's pre-market trading after the company announced <a href="https://www.benzinga.com/quote/TSM">fourth-quarter results</a>.
Taiwan Semiconductor Mfg. said net profit climbed 57% year-over-year to a record T$374.68 billion ($11.38 billion).
TSMC shares gained 4.7% to $216.61 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>SOBR Safe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) gained 83.1% to $1.63 in pre-market trading after gaining 8% on Wednesday.</li>
<li>Powell Max Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMAX#NASDAQ">PMAX</a>) gained 67.8% to $2.45 in pre-market trading after the company announced acquisition plans and is targeting firms with between $1 million and $5 million in revenue to expand into the Hong Kong and Asian financial communications market.</li>
<li>BioLineRx Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLRX#NASDAQ">BLRX</a>) rose 40.1% to $0.1458 in pre-market trading after dipping 15% on Wednesday. BioLineRx recently announced a $10 million registered direct offering.</li>
<li>Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) gained 39.3% to $3.28 in pre-market trading after falling 4% on Wednesday.</li>
<li>AEON Biopharma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEON#NYSE">AEON</a>) rose 22.5% to $0.1342 in pre-market trading after dipping 14% on Wednesday. AEON Biopharma recently announced closing of $20.0 million underwritten public offering</li>
<li>DouYu International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) rose 17.4% to $14.43 in pre-market trading after the company named Ms. Simin Ren as co-CEO and announced a special cash dividend of $9.94/ADS.</li>
<li>BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) gained 15.1% to $3.90 in pre-market trading after the company announced a chief executive transition. BigBear.ai has appointed Kevin McAleenan as CEO and a member of the company's board, effective as of Wednesday. McAleenan will replace Mandy Long, who is transitioning to an advisory role.</li>
<li>Tonix Pharmaceuticals Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNXP#NASDAQ">TNXP</a>) gained 12.8% to $0.2620 in pre-market trading.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 10.3% to $12.74 in pre-market trading after surging 55% on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Transcontinental Realty Investors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCI#NYSE">TCI</a>) shares fell 31.8% to $19.01 in pre-market trading.</li>
<li>Algorhythm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) fell 20.3% to $0.04 in pre-market trading after dipping 35% on Wednesday.</li>
<li>GlucoTrack, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCTK#NASDAQ">GCTK</a>) dipped 20.3% to $0.0630 in pre-market trading following a 35% decline on Wednesday.</li>
<li>Sonim Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) declined 15.5% to $3.19 in pre-market trading. Sonim Technologies shares gained 10% on Wednesday after Orbic North America announced an agreement in principle to acquire a substantial equity ownership position in the company.</li>
<li>C&amp;F Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFFI#NASDAQ">CFFI</a>) shares fell 15.3% to $60.01 in pre-market trading.</li>
<li>SI-BONE, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) fell 14.7% to $14.01 in pre-market trading after gaining 5% on Wednesday. SI-BONE recently reported preliminary fourth-quarter revenue results.</li>
<li>LuxUrban Hotels Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) shares dipped 12.9% to $0.5991 in pre-market trading. LuxUrban Hotels recently issued FY25 revenue guidance.</li>
<li>Sangoma Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANG#NASDAQ">SANG</a>) fell 12.1% to $6.19 in today's pre-market trading after gaining 5% on Wednesday.</li>
<li>ANI Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIP#NASDAQ">ANIP</a>) shares tumbled 11.6% to $50.01 in pre-market trading. ANI Pharmaceuticals recently issued preliminary fourth quarter and 2024 financial results and preliminary 2025 outlook.</li>
<li>Silexion Therapeutics Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLXN#NASDAQ">SLXN</a>) fell 11.3% to $1.38 in pre-market trading after the company announced the pricing of $5.0 million public offering.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/01/42998360/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-delivering-high-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields</a></li>
</ul>

AEON

ANIP

BBAI

BLRX

CFFI

DOYU

GCTK

LUXH

PMAX

QUBT

RIME

SANG

SIBN

SLXN

SOBR

SONM

TNXP

WHLR

Why Taiwan Semiconductor Shares Are Trading Higher By Around 5%; Here Are 20 Stocks Moving Premarket

Cathie Wood, the founder of asset management firm Ark Invest, said Wednesday that the firm's conviction in the $1.5 million bull case for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in 2030 has strengthened thanks to several bullish developments last year.
What happened: During an X Spaces discussion on Wednesday, Wood stated, "Our bull case is at $1.5 million. Our conviction in that bull case has grown," owing to what she described as "greenlights" in 2024.
<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://t.co/CeCr8fphhq">https://t.co/CeCr8fphhq</a>
&mdash; ARK Invest (@ARKInvest) <a href="https://twitter.com/ARKInvest/status/1879649774875578695?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Wood, a veteran stock picker and long-time Bitcoin proponent, has set a base target price of $650,000 by 2030, with an<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42019038/bitcoin-to-hit-up-to-1-5-million-by-2030-says-cathie-wood"> optimistic scenario</a> reaching $1.5 million.
She cited the launch of <a href="https://www.benzinga.com/etfs/currency-etfs/25/01/42971053/bitcoin-etfs-enter-2025-after-massive-first-year#:~:text=Bitcoin%20ETFs%20amassed%20%24129%20billion,in%20December%2C%20driving%20prices%20higher.">spot Bitcoin exchange-traded funds</a>, the <a href="https://www.benzinga.com/money/what-is-bitcoin-halving">halving</a> that slowed Bitcoin's supply growth, and the presidential victory of <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43008666/sec-under-trump-administration-to-revise-crypto-policies-report">pro-cryptocurrency</a> Donald Trump as crucial bullish catalysts for the apex cryptocurrency.&nbsp;
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/government/regulations/25/01/42994641/italys-largest-bank-leaps-into-bitcoin-trading-with-1-million-test-investment-but-ceo-says-he-doesnt-invest-in-btc-personally">Italy&#8217;s Largest Bank Leaps Into Bitcoin Trading With $1 Million &#8216;Test&#8217; Investment But CEO Says He Doesn&#8217;t Invest In BTC Personally</a>
Wood also believed that the victory of a cryptocurrency-friendly candidate would have far-reaching implications for political support for the asset class.
&#8220;I think in the next administration we will probably see more bipartisanship.&#8221;
When asked what interesting narratives cryptocurrency investors should look out for in 2025, Wood said she was &#8220;intrigued&#8221; by the growing intersection of technologies, particularly <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39151600/ai-and-bitcoin-mining-what-core-scientifics-unexpected-partnership-with-nvidia-backed-ai-f">between Bitcoin and artificial intelligence</a>.
&#8220;We think there are convergences among technologies that are going to cause explosive growth opportunities,&#8221; Wood stated. 
Why It Matters: Should Cathie Wood&#8217;s bullish prognosis of Bitcoin hitting $1.5 million by 2030 come true, it would mean a 1400% upside in five years. Interestingly enough, the digital asset has gained 1030% in the last five years.
Notably, Ark Invest was the first public asset manager to gain Bitcoin exposure at $250 in 2015. 
Ark Invest also launched a spot Bitcoin exchange-traded fund last year in conjunction with 21Shares, namely&nbsp;ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>). As of this writing, it was the <a href="https://sosovalue.com/assets/etf/us-btc-spot">fourth-largest</a> Bitcoin fund, with nearly $4.73 billion in assets under management.
Price Action: At the time of writing, Bitcoin was exchanging hands at&nbsp;$98,703.88, up 1.86% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend">Michael Saylor&#8217;s MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: &#8216;It&#8217;s A Bona Fide Megatrend&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

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

Cryptocurrency

$BTC

$LTC

$TRX

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

Ark Invest's Cathie Wood Says Belief In Bitcoin's $1.5 Million Price Target By 2030 Has Grown

Shares of Adani group companies rose and added over $5.9 billion to investor wealth on Thursday, following the shutdown of the short-seller Hindenburg Research, as announced by its founder Nathan Anderson in a farewell <a href="https://hindenburgresearch.com/gratitude/">note</a> on Wednesday.
What Happened: Around ten listed companies owned by the Indian billionaire Gautam Adani, rose intraday on the Indian exchanges, led by the media company, New Delhi Television Ltd.
While NDTV rose over 13%, Indian cement companies like Ambuja Cements Ltd., and Sanghi Industries Ltd. rose 3.6% and 3.25%, respectively. Adani Green Energy Ltd. was up by 3.47%, whereas Adani Ports &amp; SEZ Ltd. advanced by 2.44%.
The ten listed stocks under the conglomerate experienced significant growth as of Thursday morning, adding $5.9 billion or Rs 51,100.62 crore to investor wealth. This surge resulted in a combined market capitalization of $14.791 billion or Rs 12.79 lakh crore for these stocks, as reported by NDTV Profit.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Stocks</td>
<td>Performance </td>
</tr>
<tr>
<td>Adani Enterprises</td>
<td>2.40%</td>
</tr>
<tr>
<td>Adani Power</td>
<td>2.04%</td>
</tr>
<tr>
<td>Adani Green Energy</td>
<td>3.47%</td>
</tr>
<tr>
<td>Adani Total Gas</td>
<td>2.02%</td>
</tr>
<tr>
<td>Adani Ports &amp; SEZ</td>
<td>2.44%</td>
</tr>
<tr>
<td>Adani Energy Solutions</td>
<td>1.06%</td>
</tr>
<tr>
<td>ACC</td>
<td>1.47%</td>
</tr>
<tr>
<td>Ambuja Cements</td>
<td>3.60%</td>
</tr>
<tr>
<td>Sanghi Industries</td>
<td>3.25%</td>
</tr>
<tr>
<td>NDTV</td>
<td>13.14%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">(As Of 13:06 IST or 02:36 ET)</figcaption></figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43018900/from-adani-to-nikola-how-hindenburg-research-reshaped-short-selling-before-its-final-bow">From Adani To Nikola: How Hindenburg Research Reshaped Short-Selling Before Its Final Bow </a>
Why It Matters: Hindenburg had launched a scathing report on Adani in 2023, which wiped more than $100 billion in market value of the group&#8217;s companies and eventually led to U.S. prosecutors indicting founder Adani for alleged fraud.
The short seller first gained widespread attention in 2020 when it published a report exposing fraud at electric vehicle maker Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>). This exposé ultimately resulted in a four-year prison sentence for Nikola founder Trevor Milton on fraud charges.
The activist hedge fund&#8217;s recent targets included Icahn Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>). Their final report accused Carvana Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) of accounting irregularities, which the company denied.
Hindenburg&#8217;s shutdown follows a trend of prominent short-sellers like Jim Chanos retiring. Founder Anderson plans to document Hindenburg&#8217;s methods, hoping to inspire future market watchdogs.
Read Next:
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Photo courtesy: Wikimedia

Short Sellers

India's Second Richest Man's Conglomerate, Rattled By Hindenburg Research's Damning Report In 2023, Adds Over $5.9 Billion After Short Seller Shuts Shop

DouYu International Holdings Limited ("DouYu" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that the Company's board of directors appointed Ms. Simin Ren as the Company's Co-Chief Executive Officer ("Co-CEO") effective as of today, following the transition under the leadership of the interim management committee since November 2023. With this appointment, the interim management committee has been dissolved.

Management

DouYu International Tapped Ms. Simin Ren As Co-CEO, Effective Today

On the same day, the Company's board of directors approved and declared a special cash dividend of US$9.94&nbsp;per ordinary share, or US$9.94 per American Depositary Share ("ADS"), to holders of record of ordinary shares and ADSs as of the close of business on February 10, 2025.

Dividends

DouYu International Board Approved A Special Cash Dividend Of $9.94/ADS

The CNN Money Fear and Greed index remained in the &#8220;Fear&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with all three major indices recording their best day since Nov. 6.
On the economic data front, the headline Consumer Price Index rose 2.9% year-over-year in December, up from November&#8217;s 2.7%, matching economist forecasts. On a monthly basis, headline inflation increased 0.4%, accelerating from the 0.3% surge in November and marking the largest monthly rise since March 2024.
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported upbeat fourth-quarter FY24 results. Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) reported better-than-expected fourth-quarter financial results. Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) also reported better-than-expected fourth-quarter financial results and announced a $20 billion buyback.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, communication services, and financials stocks recording gains on Wednesday. However, consumer staples stocks bucked the overall market trend, closing the session slightly lower.
The Dow Jones closed higher by around 703 points to 43,221.55 on Wednesday. The S&amp;P 500 rose 1.83% to 5,949.91, while the Nasdaq Composite climbed 2.45% at 19,511.23 during Tuesday's session.
Investors are awaiting earnings results from Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), and UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 29.11, the index remained in the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 29.14.
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: 
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Photo courtesy: Shutterstock

Dow Jumps 700 Points Following Inflation Data: Greed Index Remains In 'Fear' Zone

Sean Duffy, President-elect Donald Trump&#8216;s <a href="https://www.benzinga.com/news/24/11/42053292/trump-picks-sean-duffy-as-next-transportation-secretary-says-he-will-usher-in-the-golden-age-of-travel">nominee</a> to lead the U.S. Department of Transportation (DOT), reportedly wants electric vehicle owners to pay for using roads. 
What Happened: Duffy revealed his opinion at his confirmation hearing on Wednesday before the Senate Committee, Reuters reported. Duffy also acknowledged that implementing the move would be &#8220;challenging.&#8221;
&#8220;They should pay for use of our roads,&#8221; Duffy said. &#8220;How to do that, I think, is a little more challenging.&#8221;
Revenue for federally funded road repairs is collected through taxes on diesel and gasoline, Reuters noted. As EV owners do not pay taxes for either of these two commodities, they do not contribute to the revenue. 
However, in certain states like Georgia and Illinois, EV drivers pay fees to cover the costs of road repair. 
Duffy on Wednesday also pledged to <a href="https://www.benzinga.com/markets/equities/25/01/43020202/trumps-dot-pick-assures-ongoing-tesla-fsd-investigation-and-rigorous-oversight-of-boeing">maintain rigorous oversight of</a> troubled planemaker Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and continue safety investigations into Elon Musk&#8216;s EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) if confirmed.
Why It Matters: Current regulations pertaining to EVs are under question under the incoming Trump administration. Trump, during his Presidential campaign, swore to end what he termed &#8220;the electric vehicle mandate.&#8221; 
In November, it was also reported that&nbsp;Trump&#8217;s transition team&nbsp;is planning to&nbsp;<a href="https://www.benzinga.com/news/global/24/11/41999238/ross-gerber-blasts-teslas-support-for-ending-ev-tax-credit-as-insanity-amid-reported-policy-shift-under-trump-administration" target="_blank" rel="noreferrer noopener">end the $7,500 consumer tax credit</a>&nbsp;for purchasing EVs under President Biden&#8217;s Inflation Reduction Act (IRA).
Duffy&#8217;s attempt to charge EV drivers for road use, however, cannot be implemented by the Department of Transportation alone and would instead require it to work with Congress and implement new legislation.
If confirmed, Duffy would oversee critical agencies including the FAA, NHTSA, and Federal Railroad Administration.
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>
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Photo courtesy: Shutterstock

Politics

Media

TSLA

Trump's Nominee For DOT Reportedly Wants EVs To Pay For Using Roads

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