Is Elon's Empire Crumbling?

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Bernie Sanders And AOC Clap Back At Mark Cuban's Push for FCC Chief Shakeup: 'Anyone Goes Near Lina Khan And There Will Be An Out And Out Brawl'

Shivdeep Dhaliwal
October 09, 2024

U.S. Representative Alexandria Ocasio-Cortez (D-N.Y.) has staunchly defended Federal Trade Commission Chair Lina Khan, amidst calls for her removal.

What Happened: On Wednesday, Ocasio-Cortez responded to a post from Semafor domestic policy & politics reporter Joseph-Zeballos-Roig suggesting that Vice President Kamala Harris should not retain Lina Khan as FTC Chair. The post quoted billionaire Mark Cuban expressing his disagreement with Khan’s approach to breaking up big tech companies.

See Also: Ron Desantis Says Kamala Harris Is ‘Delusional’ For Trying To Say His Sole Focus On People Of Florida Is

Ocasio-Cortez said on X, “Let me make this clear, since billionaires have been trying to play footsie with the ticket: Anyone goes near Lina Khan and there will be an out and out brawl. And that is a promise.”

She further emphasized Khan’s importance to the administration, stating, “She proves this admin fights for working people. It would be terrible leadership to remove her.”

Sen. Bernie Sanders (I-Vt.) publicly disagreed with Mark Cuban’s call to replace FTC Chair Khan if Vice President Harris became president. Sanders praised Khan as “the best FTC Chair in modern history” for her work fighting corporate greed and monopolies.

Cuban had touched on Khan’s leadership to Semafor earlier in the week. He said, “If it were me, I wouldn't,” on continuing Khan as FTC chair. “By trying to break up the biggest tech companies, you risk our ability to be the best in artificial intelligence."

Why It Matters: Khan has been at the forefront of antitrust actions against major corporations. In September, the FTC filed a formal complaint against three major pharmacy benefit managers (PBMs)—CVS Health Inc. (NYSE:CVS), Cigna Corp. (CI) Express Scripts, and UnitedHealth Group Inc. (NYSE:UNH) Optum—for allegedly engaging in unfair and anti-competitive practices. The complaint accuses the PBMs of inflating the list price of insulin medications, thereby forcing patients to pay higher costs for life-saving insulin.

These PBMs, referred to as the Big Three, administer around 80% of prescriptions in the U.S. The FTC’s actions under Khan’s leadership have been seen as a fight for working people, a stance that Ocasio-Cortez and Sanders strongly support.

Jim Cramer of CNBC's "Mad Money" criticized Khan for her anti-merger policies last year, arguing they harm investor portfolios and stock valuations. He called her a “one-woman wrecking crew,” asserting her stance limits competition and favors only the wealthiest companies.

Check This Out:

  • Lawmakers Made Huge Investments This Year. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Popular

Trump keeps saying the GOP mega bill will eliminate taxes on Social Security. It does not

WASHINGTON (AP) — President keeps saying that Republicans' mega legislation will eliminate taxes on federal benefits.

A judge resisted Trump’s order on gender identity. The EEOC just fired her

The federal agency charged with protecting workers’ civil rights has terminated a New York administrative judge who , including President Donald Trump’s executive order decreeing male and female as .

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

Cathie Wood's Alpha Surge: $250 Million Circle Windfall, Big AMD Buys

Cathie Wood, founder and CEO of ARK Invest, has recently been on a hot streak of successful and high-profile trades through her flagship ARK ETFs. 

Social Security Administration Sends 'Unbelievable' Email On Trump's 'Big, Beautiful Bill': Report

Email from SSA claims Trump's tax law will eliminate taxes on Social Security benefit. Critics call it politically motivated and incorrect.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

FDA requires updated warning about rare heart risk with COVID shots

WASHINGTON (AP) — said Wednesday it has expanded existing warnings on the two leading COVID-19 vaccines about a rare heart side effect mainly seen in young men.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

These are the celebs who are attending Jeff Bezos’ Venice wedding

VENICE, Italy (AP) — arrived in Venice on Thursday, leading a star-studded guest list of celebrities descending on the lagoon city for the weekend wedding of Amazon founder Jeff Bezos and Lauren Sánchez.

Diddy Jury Deadlocked On Racketeering Conspiracy Charge As Verdicts Reached On Sex Trafficking Counts — Jurors To Return Wednesday

Jurors in Sean "Diddy" Combs' trial reached verdicts on four charges related to sex trafficking but remain deadlocked on the racketeering conspiracy charge, with deliberations set to continue.

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

Trump vents online about service provider after conference call marred by glitch

WASHINGTON (AP) — On Monday afternoon, the president of the United States was just another person complaining online about his service provider.

Trump's Secret Plan to Crush the National Debt - Ad

Jeff Brown just uncovered "Project MAFA"-Trump's radical plan to crush the debt and unlock trillions for America. Legislation could pass by July 25. On July 16 at 8 p.m. ET, Jeff reveals how to profit-including one stock set to benefit big.

Trump's Tariffs, Boeing's Blowout, Tesla's Robotaxi, BYD's European Triumph And GM's Massive Recall: This Week In Mobility

This week's business and finance highlights include Japan's rejection of Trump's auto tariffs, Boeing's scrutiny over a mid-air incident, Tesla's Robotaxi launch, BYD's dominance in Europe, and GM's massive vehicle recall.

In a country where alcohol is banned, Pakistan’s top brewery is betting on soft drinks

RAWALPINDI, Pakistan (AP) — A pungent fug of malt and yeastiness hangs over Murree Brewery, ’s biggest and oldest producer of alcoholic drinks.

Trump Could Revolutionize Money Starting July 25th - Ad

Jeff Brown uncovered "Project MAFA"-Trump's bold plan to return to sound money, erase U.S. debt, and trigger a wave of wealth. It could become law by July 25. Join Jeff's urgent briefing on July 16 at 8 p.m. ET to see how you could profit. If you want to get in front of it, you'll need to act quickly.

Cramer Praises Monster Beverage As 'Smoking Hot,' Warns Investors About This AI Stock

Cramer recommends buying Okta (OKTA) as it reported strong earnings, but not to trust Nebius Group (NBIS), while Sweetgreen (SG) and Monster Beverage (MNST) have mixed views. He also suggests buying McDonald's (MCD) while their partnership with Krispy Kreme (DNUT) will end in 2025.

Donald Trump's Approval Rating Jumps Among Baby Boomers — Here's What's Driving It

President Trump's approval rating among Baby Boomers has seen a significant surge, potentially solidifying his political base as we approach the 2026 midterm elections.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Gen Z Loves Job-Hopping, But This Boss Who Stayed In The Same Company For 35 Says There's An Upside To Staying Put

CEO Janet Godwin says best advice was to focus on current job, not next promotion. Gen Z prioritizes flexibility, while job hopping can lead to higher earnings but also impact retirement savings.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Trump accuses Brazilian authorities of 'witch hunt' against ex-President Jair Bolsonaro

SAO PAULO (AP) — U.S. President Donald Trump on Monday criticized Brazilian authorities over what he called “a witch hunt” against former President and said he will be “closely monitoring” .

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Over 400 Space Companies Plead Congress To Maintain Office Of Space Commerce Funding: Report

Space industry companies have made a plea to Congress, seeking to safeguard the funding for the Office of Space Commerce (OSC).

Hong Kong's security net extends beyond arrests as small businesses pressured

HONG KONG (AP) — It’s been years since all but silenced pro-democracy activism in Hong Kong. But a crackdown on dissent in the semiautonomous Chinese city is still expanding, hitting restaurants, bookstores and other small businesses.

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

Shaquille O'Neal Wants $50 Million From Lakers Following $10 Billion Sale

Citing his past contributions to the Laker's success, Shaquille O'Neal jokingly requested a $50 million payout after a $10 billion sale.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Nations are meeting to drum up trillions to combat poverty — but the US isn't going

UNITED NATIONS (AP) — Many of the world’s nations are gathering starting Monday in Spain for a high-level conference to tackle the and try to drum up trillions of dollars needed to close it. The United States, previously a major contributor, pulled its participation, so finding funding will be tough.

Senate GOP removes tax on solar and wind energy but dismantles climate law passed by Democrats

WASHINGTON (AP) — The approved by the Senate Tuesday removes a proposed tax on solar and wind energy projects but quickly phases out tax credits for wind, solar and other renewable energy.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Dubai’s booming restaurant scene is feeling the heat of high costs and high failure rates

DUBAI, United Arab Emirates (AP) — From suspended tables to underwater lounges, some 13,000 food and drink establishments in Dubai pull out all the stops to attract customers in one of the world’s most saturated dining markets.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service