(VOR News) – On Thursday morning, the shares of Trump Media resumed their upward trend, reaching a high of 19% for the fourth consecutive day.

This continued the momentum of a resurgence that has succeeded in recouping a fraction of the huge losses that the Truth Social operator experienced during a recent sell-off that lasted for several weeks. There has been a significant length of time that has passed since this growth began.

A little over two weeks ago, DJT stock had reached an intraday trading low of $11.75; but, immediately after the market opened, it was selling at more than $24 per share, which is more than double the price that it had reached at that point.

Since then, the stock of Trump Media DJT has increased by more than twice.

It was notable because it corresponded with a number of recent polls on the presidential election as well as other indicators that fans of former President Donald Trump, who is the largest stakeholder in the company, perceived to be encouraging signs.

This was the reason why it was significant. An increase was seen in spite of the fact that there was very little positive news around the company. Despite this, the growth was recorded.

Trump Media has been referred to as a meme stock by a number of industry professionals. This stock is being bought and sold by supporters of Donald Trump in a substantial chunk of the present market.

These supporters believe that investing in the firm is a way to show their support for the Republican presidential candidate at the same time that they are placing a wager on the possibility that he will win the presidency.

When asked about it in an interview with CNBC, Anne Stevenson-Yang, the founder and research director of short seller J Capital Research, stated that “it does not have anything to do with fundamentals.” This was in response to a question regarding the matter. This was the conclusion that she reached in response to the inquiry.

A single syllable was all that she said when she made her declaration, and it was, “It’s a bet on Trump.”

During the most recent rise, which occurred during an extraordinarily busy trading session, the volume of Trump Media shares had already surpassed the 30-day average volume, which was approximately 15.1 million shares, as reported by FactSet.

This took place a little over an hour after the market had started business.

Trump Media rose during a busy trading session.

There were already more than 27 million shares of Trump Media that were being traded at the time that the clock struck 11:30 a.m. Eastern Time. This signifies that the market is already active.

As a result of the developments, Trump Media is on track to have its fifth strong day in a straight, and it is also on track to have its best week since late March, when the company had just begun publicly trading after completing a corporate combination with a blank-check firm. Both of these developments are expected to occur.

Both of these achievements are anticipated to take place as a consequence of the advances that have taken place.

More than eighty percent of Trump Media’s value had been erased from its post-merger highs prior to the most recent rise, which represented the completion of a slide that had been underway for some months already. This slide had been occurring for several months. The decrease has been going on for some time.

When the company was initially listed on Nasdaq, the share price reached an intraday high of $79.38 per share immediately after the listing. The price of the corporation, on the other hand, has remained far lower than that high level. This was the situation beginning on Thursday and ongoing.

SOURCE: CNBC

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(VOR News) – In light of the fact that Hurricane Milton is forecast to make landfall close to the western coast of Florida, which is now anticipated to take place as early as Wednesday night, inhabitants of Florida are rapidly running out of time to escape to higher ground in order to get ready for the hurricane.

The National Hurricane Center released a statement on Wednesday.

It was said that “Milton has the potential to be one of the most destructive hurricanes on record for west-central Florida.”

The exceedingly serious nature of the situation is brought to light by this comment.
“You need to prepare for catastrophic impacts,” said Deanne Criswell, the Administrator of the Federal Emergency Management Agency, who advised anyone who was in Franklin’s path or was in the vicinity of Franklin.

It is anticipated that this storm will be a significant one, and it has the ability to bring about changes in the lives of communities that are still in the process of recovering from the effects of Hurricane Helene.

After that, she proceeded by declaring, “We do not need to lose any lives as a result of this storm.” Her message was that people should look for protection wherever they may find it.

President Biden and Vice President Harris addressed the storm in their message that was delivered on Wednesday afternoon. They urged people to seek shelter as quickly as possible and stressed the need for doing so.

After being questioned about the preparations that had been made for Hurricane Milton, Harris responded by saying, “We have been working around the clock all day.” Her words were directed toward individuals who were in the path of the hurricane.

According to the statement, it would be different from what other residents might have experienced in the past. Taking this storm seriously is something that you are highly recommended to do. The storm that is expected to occur is expected to be of a size that has never been seen before in the history of the world.

During his speech, the Vice President of the United States addressed a number of issues that are associated with the storm and the aftermath of it. He also referenced a campaign of disinformation.

Since the beginning of the onslaught, former President Donald Trump has been at the vanguard of the attack. He stated, “This must come to an end,” and made the statement.

Hurricane Harris continued, “We will hold accountable anyone who takes advantage of customers.”

In addition, at the time that the sun rose on Wednesday morning, both tornado watches and warnings were issued for certain regions in south Florida.

An observation of a tornado was made along Interstate 75 in the neighborhood of the Miccosukee Service Plaza, as reported by the National Weather Service office in Miami. After being spotted, the tornado traveled along the freeway as it had been observed.

The United States experienced some of the first direct affects of the hurricane on Wednesday morning, when heavy rain began to sweep into the southwestern and west-central portions of Florida.

This was one of the first times that the hurricane had hit the United States. Because the weather is getting worse as the day goes on, individuals who are in the path of the storm are being asked to finish any preparations they have made and to leave if they are given the order to do so.

This is because the storm is getting stronger as the day advances. Gas stations have been negatively impacted as a result of the movement of a significant number of people away from coastal areas.

The GasBuddy platform reported that more than 23 percent of gas stations in the state of Florida were out of gas as of 9:36 a.m. Eastern Time on Wednesday. This information was gathered from gas stations.

SOURCE: NPR

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Melinda French Gates Will Give $250M To Women’s Health Groups Globally

Melinda French Gates will give $250 million to assist women’s health around the world via an open call for charities to apply for funding.

The contribution, unveiled Wednesday, marks a new chapter in her private philanthropic giving since leaving the Bill & Melinda Gates Foundation earlier this year. It is part of a two-year, $1 billion commitment made by French Gates in May to support women and families around the world.

Haven Ley, chief strategy officer at French Gates’ Pivotal Ventures, said the grant competition is a “curtain raiser” for a potential new focus on funding women’s health globally. Previously, Pivotal mostly supported organizations striving to enhance women’s power in the United States.

“By focusing on women’s health, she’s expanded her definition of women’s power to include a precondition that women must have their health to be powerful,” Ley added, referring to French Gates, who has also spent 20 years funding global health through the Gates Foundation.

Melinda French Gates Will Give $250M To Women’s Health Groups Globally Through A New Open Call

Lever for Change, a nonprofit affiliate of the John D. and Catherine T. MacArthur Foundation, is running the Action for Women’s Health grant competition. It previously collaborated with French Gates and wealthy novelist and philanthropist MacKenzie Scott to grant $40 million in 2019 to NGOs promoting women’s empowerment in the United States. Scott then distributed $640 million to community-based groups in March via a similar open call.

This new open appeal will provide at least 100 charity groups worldwide with unlimited funding ranging from $1 million to $5 million. It will prioritize donating to groups for which that amount will make a significant difference, however, there is no limit on the size of organizations eligible to apply. The deadline for organizations to register for the open call is December 3, and the application deadline, review process, and final decision will extend until the end of 2025.

The lengthy procedure includes both peer evaluation by other applicants and an independent review by a team of specialists.

“Most philanthropy remains invitation-only decision making behind closed doors,” stated Cecilia Conrad, CEO of Lever For Change. “And what we have developed is a way to do an open call, a way to broaden access to philanthropic opportunities, that is also a process that is humane and equitable.”

She explained that their early strategy centered on growing a solution, with donors committing $10 million over five years, but they are now also helping donors who want to scale a field.

Pivotal is also examining a wide range of interventions for women’s health, including mental health and menopause, according to Ley. They expect that understanding about funding and resource constraints would help Pivotal build its new strategy, she explained.

Sarah Baird, a professor at The George Washington University’s Milken Institute School of Public Health, investigates the effects of various treatments on teenagers, particularly females, and what factors contribute to their overall well-being and that of their children.

In general, she would advise donors to engage with existing institutions and to broaden their emphasis rather than concentrating on a single disease. She identified mental health for both men and women as a neglected issue, as well as gender-based violence and the economic benefits that women provide if they are well enough to work.

“We’re not going to get very far if we just focus on traditional pregnancy and traditional mortality,” she added, emphasizing that these are also important.

The Bill & Melinda Gates Foundation provides financial support to the Associated Press for news coverage in Africa, as does Pivotal Ventures for coverage of women in the workplace and in statehouses.

When French Gates originally announced her $1 billion commitment in May, she included $200 million in new awards to organizations working in the United States to preserve women’s rights and increase their power and influence. She also handed 12 people $20 million each to donate however they wanted, and she promised to have an open call to give away $250 million this fall.

Melinda French Gates Will Give $250M To Women’s Health Groups Globally Through A New Open Call

In an op-ed for the New York Times in May, she said of the open call, “I wish to elevate up groups with personal links to the issues they work on. People on the front lines should receive the attention and investment they deserve, including from me.

Historically, giving to organizations that support women and girls accounted for less than 2% of all charitable donations in the United States. On Tuesday, the Women & Girls Index, which analyzes donations to these organizations, revealed that they received $10.2 billion in philanthropic support in 2021, the most recent year of comprehensive giving statistics available.

That figure is a significant milestone in terms of raw cash, according to Jacqueline Ackerman, interim director of Indiana University’s Women’s Philanthropy Institute. However, she stated that in ten years of analyzing these donations, giving to women and girls had never increased faster than overall giving.

“To surpass that really means not just the Melinda French Gateses, but stepping up donations from everyone who cares about these issues across the income and wealth spectrums,” said Mrs. French.

SOURCE | AP