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The Emerging Leader In Less Lethal Weapons, Cashing In On Election Hype, And The US Military's New AI Partnership

The Emerging Leader In Less Lethal Weapons, Cashing In On Election Hype, And The US Military's New AI Partnership

The markets and trends that matter, made simple. Discover what’s next.

September 21, 2024

Byrna Technologies Is Ramping Up Less Lethal Weapons

Byrna Technologies (NASDAQ: BYRN) has landed a new government order for less lethal weapons from the federal agency that oversees all airport security in Argentina. Byrna has experienced a significant uptick in sales recently from both individuals and countries, and has now sold non lethal weapons to more than 30 different international governments and law enforcement agencies.

Polymarket Is Cashing In On The Election Hype

Polymarket, a crypto prediction market, has recently experienced enormous growth as a result of users speculating on the upcoming election in the United States. The platform is nearing $1 billion in total betting volume solely on the outcome of the upcoming presidential election, while also offering users the ability to wager on everything from sports championships to the success of new movie releases to the outcomes of high profile lawsuits.

Palantir Is Bringing Artificial Intelligence To The American Military

Palantir (NYSE: PLTR) has been awarded a new deal from the DEVCOM Army Research Laboratory to make their Maven Smart System technology more widely accessible to the United States military. The contract is worth $99.8 million over 5 years and will aim to accelerate the ability for the United States Army, Navy and Space Force to get access to leading edge artificial intelligence and machine learning technology.

The Sprint

BlackRock (NYSE: BLK) and Microsoft (NASDAQ: MSFT) are partnering together to launch a new $30 billion fund for the purpose of building out new data centres.
Flutter Entertainment (NYSE: FLUT), owners of FanDuel, has been expanding through multiple recent acquisitions, including popular betting platforms in Brazil and Italy.
Stark Future has secured new funding from The European Investment Bank to accelerate the production of their electric motorcycles.
Neuralink, Elon Musk’s brain computer interface company, has been awarded a Breakthrough Device designation by the United States FDA for their Blindsight medical device that is aiming to restore sight in individuals who are blind or have significantly impaired vision.
ChargePoint (NYSE: CHPT) has been awarded $19 million to build out new electric vehicle charging stations from the California Energy Commission and California Department of Transportation.
Lionsgate Studios (NASDAQ: LION) has partnered with artificial intelligence company Runway to begin building AI models trained on movies and television shows.
Crypto gaming startup MagicBlock raised $3 million in pre-seed funding to accelerate the development of Solana-based video games.
Electric school buses are beginning to see an acceleration in adoption across the United States of America, following $5 billion in federal funding from the US Environmental Protection Agency.

The Markets This Week

+49.3% | Intuitive Machines (NASDAQ: LUNR) was awarded the Near Space Network contract from NASA that has a maximum value of up to $4.82 billion.

+20.8% | Cybin Inc. (NYSE: CYBN) was previously granted a Breakthrough Therapy designation from the FDA for their novel psychedelic molecule to treat depression, and counts legendary wall street investor Steve Cohen’s Point 72 as a shareholder.

+13.8% | Firefly Neuroscience (NASDAQ: AIFF) debuted on the Nasdaq in mid-August, and is applying the power of artificial intelligence to the future of brain health.

+11.1% | District Metals (TSXV: DMX) previously secured funds for the exploration of their flagship uranium property in Sweden known as the Viken Deposit, which is one of the largest deposits in the world of both uranium and vanadium by historical resource estimates.

+10.1% | Galaxy Digital (TSX: GLXY) recently partnered with asset management giant State Street to debut their first three crypto ETFs in the United States .

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