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Last fall, billionaire entrepreneur Mark Cuban publicly expressed his admiration for Elon Musk&#8216;s business acumen and risk-taking approach, despite their <a href="https://www.benzinga.com/tech/25/02/43424157/mark-cuban-suggests-20-minute-daily-habit-to-destabilize-musk-zuckerberg-and-even-president-trump">ideological differences</a>.
What Happened: In an October 2024 interview, Cuban praised Musk&#8217;s propensity to heavily invest in his business ventures. &#8220;He goes all in,&#8221; Cuban said.
Musk&#8217;s purchase of Twitter was highlighted as an example of his risk-taking approach. Musk acquired the platform in October 2022 for $44 billion, using his personal funds, bank loans, and capital from other investors. 
However, X&#8217;s valuation has since taken a hit, largely due to Musk&#8217;s controversial stance on hate speech and &#8220;free speech.&#8221;
Despite these challenges, Cuban commended Musk&#8217;s entrepreneurial feats, including the co-founding of seven companies such as&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX. 
Also Read:&nbsp;<a href="https://www.benzinga.com/news/25/01/43245984/cuban-on-musk-i-have-no-problem-throwing-elon-under-the-bus-but-ill-save-it-for-when-its-truly-deser" target="_blank" rel="noreferrer noopener">Cuban on Musk: ‘I Have No Problem Throwing Elon Under the Bus, but I'll Save It for When It's Truly Deserved'</a>
"Put aside his genius in coming up and running these companies, the one thing I respect the most about Elon Musk — and he does more than anybody I've ever seen — and that is he goes all in. He takes every cent he has and he believes in it, and he goes all&#8230;in. He never hedges his bet, at all," he said during the podcast.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">EARLY DROP! buckle up besties&#8230; we&#39;ve got &#x2A;two hours&#x2A; with <a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw">@mcuban</a> for you! &#8212; kamala vs trump &#8212; why he sold a majority of his <a href="https://twitter.com/dallasmavs?ref_src=twsrc%5Etfw">@dallasmavs</a> position &#8212; cost plus drugs &#8212; relationship w/ <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> &#8212; <a href="https://twitter.com/OpenAI?ref_src=twsrc%5Etfw">@openai</a>&#39;s new fundraise &#8212; national debt &#8212; crypto regulation &#8212; middle… <a href="https://t.co/dGumsgD4hh">pic.twitter.com/dGumsgD4hh</a>
&mdash; The All-In Podcast (@theallinpod) <a href="https://twitter.com/theallinpod/status/1841947111249871187?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
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&#8220;What he&#8217;s&nbsp;been able to accomplish is&nbsp;insane, it&#8217;s incredible,&#8221; Cuban remarked. However, he did criticize Musk&#8217;s social media conduct, referring to him as a &#8220;troll&#8221;.
"What he's been able to accomplish is insane, it's incredible. I would never diminish anything he's done as an entrepreneur," Cuban said. "As a Twitter user? &#8230; He just trolls to troll to troll."
Why It Matters: This development underscores the complex relationship between two of America&#8217;s most influential entrepreneurs. 
Despite their ideological differences and public disagreements, there seems to be a mutual respect for each other&#8217;s business acumen and entrepreneurial spirit. 
The impact of Musk&#8217;s risk-taking approach on X&#8217;s future remains to be seen, but it&#8217;s clear that his bold decisions continue to shape the business landscape.
Read Next
<a href="https://www.benzinga.com/news/25/03/44065757/mark-cuban-warns-elon-musk-is-making-trumps-job-1000-times-harder">Mark Cuban Warns Elon Musk Is Making Trump&#8217;s Job &#8216;1,000 Times Harder&#8217;</a>
Image: Shutterstock

News

Social Media

Politics

TSLA

Mark Cuban Reveals the Thing He Respects Most About Elon Musk: 'What He's Been Able To Accomplish Is Insane, It's Incredible'

Wall Street is in turmoil again, and CNBC's Jim Cramer is <a href="https://x.com/jimcramer/status/1896923840460333463">voicing</a> what <a href="https://www.benzinga.com/startups/24/11/42246718/669874">many investors are wondering</a>: "Do we just keep selling because everyone is selling?" The stock market saw another sharp drop on Thursday, with the S&amp;P 500 falling 1.8%, the Dow Jones Industrial Average losing 427 points, and the Nasdaq tumbling 2.6%.
Cramer followed up his first tweet with another, <a href="https://x.com/jimcramer/status/1896666279920247087">calling</a> the current administration the "Every Day Lower Prices Walmart White House." His comments reflect frustration over the volatility caused by President Trump's tariffs and economic policies.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are dealing with the Every Day Lower Prices Walmart White House
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1896666279920247087?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
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Don't Miss:
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<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share today.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>
<h2 class="wp-block-heading">Tariff Uncertainty Adds to the Sell-Off</h2>
Investors are struggling to keep up with the back-and-forth on tariffs. Trump announced a <a href="https://www.benzinga.com/news/global/25/03/44176918/trump-delays-mexico-tariffs-for-a-month-economic-uncertainty-persits">one-month reprieve</a> on some tariffs for Mexico and Canada, but concerns remain as new tariffs are still set to take effect in April. "These exemptions don't do much to resolve the general air of uncertainty," said Yung-Yu Ma, chief investment officer at BMO Wealth Management, according to media reports. Businesses are cautious, and consumers are bracing for inflation.
Trump, however, dismissed concerns that his tariff policies are rattling markets. "I'm not even looking at the market," he said in the Oval Office on Thursday, blaming falling stock prices on "globalist countries and companies that won't be doing as well because we're taking back things that have been taken from us many years ago."
Trending: <a href="https://www.benzinga.com/money/startengine-own">The $1.3 Billion Startup Investment Boom: How This Company's Explosive Growth Is Opening Doors For Everyday Investors With A New $500 Minimum</a>
<h2 class="wp-block-heading">AI Stocks and Retail Struggles Weigh on Wall Street</h2>
Adding to the market's pain, AI stocks—once Wall Street's biggest winners—are seeing losses. Marvell Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) dropped nearly 20% despite reporting solid earnings. Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 5.7%, and Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) slipped 6.3% ahead of its earnings report. Investors who had grown accustomed to AI stocks consistently outperforming expectations are now re-evaluating their positions.
Retailers are also feeling the pressure. Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) reported weaker-than-expected revenue, and Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) fell 8.2% after giving a disappointing forecast. These reports signal that consumer spending, a key pillar of economic stability, may be softening.
See Also: <a href="https://www.benzinga.com/money/overplay">Mark Cuban Backs This Innovative Startup That Turns Videos into Games&nbsp; &#8212; Claim Your Share Now</a>
<h2 class="wp-block-heading">Larry Fink: Buy the Dip Despite Market Turmoil</h2>
While some fear more losses ahead, BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) CEO Larry Fink sees an opportunity. <a href="https://www.investing.com/news/transcripts/blackrock-at-rbc-conference-technology-and-growth-insights-93CH-3911196">Speaking</a> at the recent RBC Capital Markets Global Financial Institutions Conference in New York, he reassured investors: "The world's fine… The United States will get by." He acknowledges 2025 will be volatile but believes in long-term growth. "If there's a big dip, good. Good time to buy."
Fink highlighted AI's potential, though he admitted its high costs are keeping it out of reach for smaller companies. He also pointed to Europe's economic rebound, citing increased defense spending and financial reforms.
With uncertainty high, Cramer's question—"Do we just keep selling because everyone is selling?"—captures the mood on Wall Street. Whether investors follow Larry Fink's advice to buy the dip or continue the sell-off remains to be seen.
Read Next:
<ul>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</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>

AVGO

MRVL

NVDA

VSCO

Jim Cramer Asks, 'Do We Just Keep Selling Because Everyone Is Selling?'—Calls It The 'Every Day Lower Prices Walmart White House'

Iran&#8217;s Supreme Leader Ayatollah Ali Khamenei has categorically rejected a peace negotiation proposal from President Donald Trump, accusing the US of attempting to &#8220;bully&#8221; Iran into compliance.
What Happened: Khamenei dismissed the idea of engaging in dialogues with Washington. He alleged that Trump&#8217;s objective was not to resolve issues but to &#8220;impose their own expectations,&#8221; as per Iranian state media.
"The insistence of some bully governments on negotiations is not to resolve issues, but to dominate and impose their own expectations," The New York Post <a href="https://nypost.com/2025/03/08/us-news/iran-responds-one-day-after-trump-sends-nuclear-negotiation-letter/">quoted</a> Khamenei saying in a meeting.
Khamenei also took to social&nbsp;media to express his viewpoint, stating that for&nbsp;coercive governments, negotiation is a&nbsp;tool to put forward new demands, a notion that Iran refuses to accept. He refrained from directly mentioning the US in his comments.
Also Read: <a href="https://www.benzinga.com/news/24/11/41703497/iran-flexes-nuclear-muscle-threatens-us-with-tooth-breaking-retaliation">Iran Flexes Nuclear Muscle, Threatens US With &#8216;Tooth-Breaking&#8217; Retaliation</a>
"For coercive governments, negotiation is a way to put forward new demands. These new demands will certainly not be met by Iran,&#8221; he wrote on X. &#8220;They put forward new demands regarding the country's defense and international capabilities or don't do this, don't see that, don't go there, don't produce that, don't have a missile with a range greater than this distance. Who can accept them?"
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ils mettent en avant de nouvelles exigences concernant les capacités de défense &amp; internationales du pays ou des ne faites pas ceci, ne voyez pas un tel, n&#39;allez pas là-bas, ne produisez pas cela, n&#39;ayez pas de missile de portée supérieure à telle distance. Qui peut les accepter? <a href="https://t.co/4A13P21lPm">https://t.co/4A13P21lPm</a>
&mdash; Ayatollah Khamenei (@fr_Khamenei) <a href="https://twitter.com/fr_Khamenei/status/1898415048256602271?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
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These statements were made a day after Trump disclosed his letter to Iran, suggesting that peaceful negotiation would be more advantageous for Iran. Trump also hinted that military action remains a possibility.
United Nations nuclear watchdog chief Rafael Grossi cautioned that time is running short for diplomacy as Iran continues to amass uranium near weapons-grade. Despite this, Tehran insists that its nuclear work is strictly for peaceful purposes.
Why It Matters: This refusal from Iran to engage in peace negotiations with the US further escalates the tension between the two nations. US concern about Iran&#8217;s nuclear program is not unfounded, as indicated by the warning from the United Nations nuclear watchdog chief.
The rejection of Trump&#8217;s proposal could potentially lead to a more aggressive stance from the US, including the possibility of military action. 
This development is crucial in the global political landscape, as it could significantly impact the dynamics of power and peace negotiations in the Middle East.
Read Next
<a href="https://www.benzinga.com/news/24/10/41196317/trump-urges-israel-to-target-iran-nuke-sites-hit-nuclear-first-and-worry-about-the-rest-later" target="_blank" rel="noreferrer noopener">Trump Urges Israel To Target Iran Nuke Sites: ‘Hit Nuclear First And Worry About The Rest Later'</a>
Image: Shutterstock

Global

Iran Dismisses Trump's Nuclear Negotiation Proposal, Accuses US of Coercion

Well-known financial analyst Samantha LaDuc has warned about current financial conditions and their impact on <a href="https://www.benzinga.com/news/25/02/43581792/mary-trump-slams-uncle-says-president-isnt-just-destroying-democracy-hes-handing-unchecked-power-to-people-like-elon-musk">Wall Street and Main Street</a>.
What Happened:&nbsp;On Saturday, LaDuc took to X to share her insights. She believes that financial conditions are not easing, but are instead being reset&nbsp;to stimulate real growth from&nbsp;Main Street. This, she says, is being done by pushing down the dollar, yields, and oil&nbsp;to unwind equity leverage from&nbsp;Wall Street.
LaDuc further explained that the examples of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) troughs triggered by a falling US dollar were actually the result of global central bank policy interference and liquidity infusions, primarily led by the US, to suppress the dollar, yields, and volatility. She said, &#8220;Bitcoin is trapped.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Financial conditions are not easing. They are being reset to push down dollar, yields and oil so as to unwind equity leverage from Wall St to stimulate real growth from Main St . All the examples of BTC troughs triggered by falling USD were in fact global central bank POLICY… <a href="https://t.co/LJphKpnNd0">https://t.co/LJphKpnNd0</a>
&mdash; Samantha LaDuc (@SamanthaLaDuc) <a href="https://twitter.com/SamanthaLaDuc/status/1898164482343673932?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
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She also highlighted the shift to fiscal dominance and trade wars,&nbsp;where rising yields inflate assets&nbsp;and falling yields deflate them. This, she claims, is contrary to the previous&nbsp;macro landscape of rate repression&nbsp;to keep speculation bid.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43759418/robert-kiyosaki-predicts-wall-street-crash-and-layoffs-prepare-for-market-crash-depression-and-war">Robert Kiyosaki Predicts Wall Street Crash and Layoffs: &#8216;Prepare for Market Crash, Depression and War&#8217;</a>
Why It Matters:&nbsp;LaDuc&#8217;s views are significant as they challenge the common belief that financial conditions are easing. Instead, she suggests that a reset is taking place to stimulate real growth, a shift that could have profound implications for investors and the broader economy.
She also posits that Bitcoin is trapped and will not significantly rise until quantitative easing (QE) is restarted. However, she warns that if QE is restarted,&nbsp;bonds will crash with stocks&nbsp;and Bitcoin, following the initial risk-on excitement.
These insights provide a fresh perspective on the current financial landscape and the potential future of Bitcoin and other investments.
Read Next
<a href="https://www.benzinga.com/markets/25/02/43756824/market-instability-looms-in-trumps-second-term-warns-paul-tudor-jones-theres-no-room-for-mistakes">Market Instability Looms in Trump&#8217;s Second Term, Warns Paul Tudor Jones: &#8216;There&#8217;s No Room for Mistakes&#8217;</a>
Image: Shutterstock

Markets

$BTC

Samantha LaDuc Says Financial Conditions Are Being Reset and Not Easing: 'Bitcoin Is Trapped'

The past week was a rollercoaster ride for the EV industry, with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) making headlines in China and Japan, Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) announcing its Georgia facility&#8217;s timeline and a sweet partnership, and the &#8220;Big Three&#8221; automakers facing potential profit wipeout due to Trump&#8217;s tariffs.
Here&#8217;s a quick recap of the top stories.
Tesla&#8217;s China Surge
Tesla has reportedly received a whopping 200,000 orders for its refreshed Model Y in China since its January launch, according to Chinese media platform 36Kr. This surge in orders, including refundable ones, is expected to boost Tesla&#8217;s deliveries in the coming months.
<a href="https://www.benzinga.com/tech/25/03/44187868/tesla-receives-200000-orders-for-refreshed-model-y-in-china-report">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/25/03/44176616/trump-vs-musk-tesla-to-be-hurt-by-tariffs-on-mexico-despite-friendship">Trump Vs. Musk: Tesla To Be Hurt By Tariffs On Mexico Despite Friendship</a>
Tesla&#8217;s Japan Retreat
In a surprising move, Tesla announced it will stop taking custom orders for new Model S and X vehicles in Japan after April 1. The production of these higher-end cars for the Japanese market will end on March 31, and the company will only sell stock or used vehicles in the country thereafter.
<a href="https://www.benzinga.com/tech/25/03/44185179/elon-musk-mourned-teslas-lack-of-market-share-in-japan-in-2024-ev-giant-to-now-halt-sale-of-new-model-s-x-vehicles-in-country">Read the full article here.</a>
Rivian&#8217;s Georgia Timeline
Rivian&#8217;s CFO Claire McDonough revealed that the company&#8217;s Georgia facility, set to manufacture its R2 and R3 vehicles, is expected to be operational by 2028. Meanwhile, Rivian is expanding its Illinois facility to start R2 production in the first half of 2026.
<a href="https://www.benzinga.com/25/03/44136503/rivians-georgia-facility-to-be-ready-in-2028-ev-exports-to-foreign-markets-after-r2-production-ramp-says-company-cfo">Read the full article here.</a>
Trump&#8217;s Tariffs Threat:
Barclays warned that the tariffs imposed by President Donald Trump could potentially wipe out the profits of Detroit's "Big Three" automakers &#8211;&nbsp;General Motors,&nbsp;Ford Motor, and&nbsp;Stellantis NV. These countries have announced retaliatory tariffs in response.
<a href="https://www.benzinga.com/markets/25/03/44135215/trumps-tariffs-could-wipe-out-profits-for-gm-ford-and-stellantis-barclays-warns-tariffs-of-this-magnitude-are-unlikely-to-stick">Read the full article here.</a>
Rivian&#8217;s Ice Cream Trucks
Rivian has partnered with Ben &amp; Jerry's to introduce two electric "scoop trucks" of the future. Despite the market&#8217;s anticipation of the impact of U.S. tariffs, this collaboration is sure to turn heads.
<a href="https://www.benzinga.com/25/03/44118884/rivians-electric-ice-cream-trucks-a-partnership-with-ben-jerrys-revolutionizing-future-of-scoops">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44143606/tesla-stock-nears-50-drop-from-all-time-highs-analyst-says-difficult-fundamental-co" target="_blank" rel="noreferrer noopener">Tesla Stock Nears 50% Drop From All-Time Highs: Analyst Says ‘Difficult Fundamental Conditions' Ahead</a></li>
</ul>
Photo courtesy: Tesla
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Tech

RIVN

Tesla's China Boom, Rivian's Sweet Ride, And Trump's Tariffs Threat: This Week In Mobility

Billionaire investor and founder of Tudor Investment Corp. Paul Tudor Jones divulged his top seven trading rules during a 2020 interview.
What Happened: Jones emphasized the importance of safeguarding one&#8217;s assets over making profits. This principle was borne out of a costly mistake early in his career when a risky cotton trade led to a 60 to 70% loss for the accounts he managed.
Back in 2020, in Jack D. Schwager&#8217;s &#8220;Market <a href="https://affiliate.insider.com/?amazonTrackingID=biauto-41488-20&amp;h=c3ec2af50e31a6278382f5aeb564c1900c1e7a78fae31a5b3411d085a0002d83&amp;platform=browser&amp;postID=5f3182350ef188785371258d&amp;postSlug=investing-strategy-paul-tudor-jones-shares-top-markets-trading-rules-2020-8&amp;site=bi&amp;u=https%3A%2F%2Fwww.amazon.com%2FMarket-Wizards-Interviews-Top-Traders-ebook%2Fdp%2FB006X50OPW%2Fref%3Dsr_1_2%3Fdchild%3D1%26keywords%3Dmarket%2Bwizards%26qid%3D1597082589%26s%3Ddigital-text%26sr%3D1-2">Wizards</a>&#8220;, Jones shared his strategy, leading to his subsequent success in the market. His trading rules are a distillation of his experiences and risk management tactics.
Here&nbsp;are the seven trading rules&nbsp;Jones swears by:
&#8220;Don&#8217;t ever average losers.&#8221;
&#8220;Decrease your trading volume when&nbsp;you are trading poorly; increase&nbsp;your&nbsp;volume when you are trading&nbsp;well.&#8221;
&#8220;Never trade in situations where&nbsp;you don&#8217;t have control.&#8221;
&#8220;If you have a losing&nbsp;position that is making you&nbsp;uncomfortable, the solution is very&nbsp;simple: Get out, because you&nbsp;can always get back in.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/25/02/43581581/peter-lynchs-timeless-advice-when-the-markets-going-down-and-you-buy-funds-wisely-at-some-point-in-the-future-you-will-be-happy">Peter Lynch&#8217;s Timeless Advice: &#8216;When the Market&#8217;s Going Down and You Buy Funds Wisely, at Some Point in the Future You Will Be Happy&#8217;</a>
&#8220;Don&#8217;t be too concerned about&nbsp;where you got into a&nbsp;position. The only relevant question&nbsp;is whether you are bullish&nbsp;or bearish on the position&nbsp;that day. Always think of&nbsp;your entry point as last&nbsp;night&#8217;s close.&#8221;
&#8220;The most important rule of&nbsp;trading is to play great&nbsp;defense, not great offense. I&nbsp;know where my stop risk&nbsp;points are going to be.&nbsp;I do that so I&nbsp;can define my maximum possible&nbsp;drawdown.&#8221;
&#8220;Don&#8217;t be a hero. Don&#8217;t&nbsp;have an ego. Always question&nbsp;yourself and your ability.&#8221;
Why It Matters: Jones&#8217; trading rules are not just a reflection of his personal journey in the investment world, but also serve as valuable advice for traders at all levels. His emphasis on risk control and humility in trading resonates with the challenges faced by many in the volatile world of investment. 
These rules, derived from hard-earned experience, could potentially guide traders in making informed decisions and avoiding costly mistakes.
Read Next
<a href="https://www.benzinga.com/news/25/03/44067936/warren-buffett-says-this-is-the-most-important-financial-decision-and-its-not-investing">Warren Buffett Says This Is the Most Important Financial Decision — and It&#8217;s Not Investing</a>
Image: Shutterstock

Success Stories

Paul Tudor Jones' Trading Rules: 'Never Trade In Situations Where You Don't Have Control'

The past week was a whirlwind of activity in the tech world, with artificial intelligence (AI) taking center stage. From&nbsp;Elon Musk&#8216;s xAI expanding its supercomputer footprint to&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) delaying its next-gen Siri, the AI landscape continues to evolve. Here&#8217;s a roundup of the top stories.
Elon Musk&#8217;s xAI Acquires Massive Property for Supercomputer Expansion
Elon Musk&#8217;s AI venture, xAI, has made a significant investment in Southwest Memphis, Tennessee. The company has purchased a 1-million-square-foot property, building on its previous announcement to scale its supercomputer, Colossus, to house at least one million GPUs in the state. The move marks a significant step in xAI&#8217;s expansion strategy.
<a href="https://www.benzinga.com/tech/25/03/44208284/elon-musks-xai-acquires-1-million-square-foot-property-in-memphis-for-supercomputer-expansion">Read the full article here.</a>
Apple Delays Next-Gen Siri
In a surprising turn of events, Apple has confirmed that its highly anticipated Siri upgrade, which includes AI-powered personalization and contextual awareness, will roll out later than expected. The delay was confirmed by Apple spokesperson Jacqueline Roy. The tech giant has yet to announce a new release date.
<a href="https://www.benzinga.com/media/25/03/44207932/apple-delays-next-gen-siri-its-going-to-take-us-longer-than-we-thought-to-deliver-ai-upgrades">Read the full article here.</a>
Meta AI Assistant May Get Paid Subscriptions, Ads
Mark Zuckerberg&#8217;s&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly planning to introduce improved voice features into its latest open-source large language model, Llama 4. The move indicates a potential shift towards paid subscriptions and ads, as Meta continues to enhance its AI capabilities.
<a href="https://www.benzinga.com/media/25/03/44191670/meta-ai-assistant-may-get-paid-subscriptions-ads-llama-4-upgrade-in-the-works">Read the full article here.</a>
Palantir Delivers AI-Powered Battle Stations to US Army
Palantir Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) has delivered mobile battle stations to the U.S. Army under its $178 million military deal. The Tactical Intelligence Targeting Access Node (TITAN) system marks the debut of a software company as a prime defense contractor.
<a href="https://www.benzinga.com/government/regulations/25/03/44190445/palantir-delivers-ai-powered-battle-stations-to-us-army-stock-now-comparable-to-tesla-circa-2015-analyst">Read the full article here.</a>
Ex-Google CEO Eric Schmidt Warns Against Global Race for Superintelligent AI
Former Google CEO Eric Schmidt, along with Scale AI CEO Alexandr Wang and Center for AI Safety Director Dan Hendrycks, has issued a warning against a global race to develop superintelligent AI. The experts expressed concerns over the U.S. government's potential pursuit of artificial general intelligence (AGI) in a manner akin to the Manhattan Project.
<a href="https://www.benzinga.com/markets/25/03/44185833/former-google-ceo-eric-schmidt-warn-of-nuclear-level-risks-in-global-superintelligent-ai-race-what-begins-as-a-push-for-a-superweapon">Read the full article here.</a>
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</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

AAPL

PLTR

Elon Musk's xAI Expands, Apple Delays Siri, Meta's AI Assistant May Get Paid Subscriptions, And More: This Week In AI

Recent data shows family offices are strategically shifting toward Alternative Investment Funds (AIFs) to protect wealth and maximize returns in today&#8217;s <a href="https://www.benzinga.com/news/25/03/44203241/powell-stresses-patience-as-fed-navigates-market-uncertainty-trade-turmoil">volatile market landscape</a>, as detailed in a new CNBC report.
This <a href="https://www.cnbctv18.com/alternative-investment-fund/family-offices-increasingly-investing-via-aifs-alternative-investment-funds-whats-driving-the-trend-19569212.htm">trend </a>highlights significant opportunities for financial advisors to expand their service offerings to high-net-worth clients in 2025.
Diversification Through Alternatives Becomes Top Priority
Family offices are rapidly moving beyond traditional stocks, bonds, and real estate investments as market uncertainty continues. According to wealth management expert Niresh Maheshwari, AIFs have become increasingly attractive because they &#8220;offer tailored investment strategies across various sectors—whether private equity, real estate, or hedge funds.&#8221;
Risk Management Strategies Focus on Long-Term Protection
The CNBC report emphasizes that family offices are particularly drawn to AIFs for their ability to diversify risk through investments that aren&#8217;t closely tied to stock market fluctuations. Market-neutral strategies and dynamic asset allocation have become essential tools for wealth preservation.
Financial professionals should prioritize helping clients understand how these approaches can reduce exposure to traditional markets while maintaining growth potential.
Expertise and Customization Remain Critical Differentiators
The growing complexity of AIFs means family offices increasingly value specialized expertise and tailored solutions. Successful wealth managers are those who can navigate these complex investments while aligning strategies with each family&#8217;s unique long-term goals and risk tolerance.
This shift toward alternatives aligns with findings from the JPMorgan Alternative Investment Outlook <a href="https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-releases-2025-alternatives-outlook-highlighting-investor-opportunities-amid-global-policy-shifts/" target="_blank" rel="noreferrer noopener">2025</a> and the Goldman Sachs Family Office Investment <a href="https://www.goldmansachs.com/insights/articles/gs-family-office-investment-insights-report" target="_blank" rel="noreferrer noopener">Report</a> that show similar trends.
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Photo: Shutterstock

Financial Advisors

Family Offices Embrace Alternative Investment Funds To Protect Wealth In 2025

The past week in the crypto world was dominated by President Donald Trump&#8217;s announcement of a strategic U.S. cryptocurrency reserve. The move has sparked a flurry of reactions, with some questioning the inclusion of certain digital currencies and others calling for a Congressional investigation.
Here&#8217;s a recap of the top stories.
Schiff Questions Rationale for XRP Reserve
Renowned economist&nbsp;Peter Schiff&nbsp;expressed his confusion over the inclusion of XRP in the cryptocurrency reserve that was announced by President Trump. While Schiff acknowledged the rationale behind Bitcoin&#8217;s inclusion, he slammed the decision to include XRP, questioning its necessity.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44069015/bitcoin-is-digital-gold-but-whats-the-rationale-for-an-xrp-reserve-asks-peter-schiff-cardano-founder-charles-hoskinson-says-trump-made-the-right-decision">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains" target="_blank" rel="noreferrer noopener">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate</a>
Trump&#8217;s Crypto Reserve Plan Faces Backlash
President Trump&#8217;s crypto reserve plan has not been well-received by his tech community supporters. The plan, which includes Bitcoin, Ether, XRP, Solana's SOL token, and Cardano, has led to a significant divide among his tech allies.
<a href="https://www.benzinga.com/25/03/44107003/trump-faces-backlash-over-crypto-reserve-plan-from-bitcoin-supporters-including-his-own-dont-think-the-government-should-be-pumping-our-crypto-bags-with-taxpayer-money">Read the full article here.</a>
Schiff, Scaramucci Call for Congressional Inquiry
Peter Schiff&nbsp;and&nbsp;Anthony Scaramucci&nbsp;have called for a Congressional investigation into President Trump&#8217;s recent cryptocurrency announcements. Schiff raised questions about potential insider trading and manipulation related to the strategic cryptocurrency reserve declaration.
<a href="https://www.benzinga.com/25/03/44100165/peter-schiff-anthony-scaramucci-question-trumps-crypto-reserve-announcements-seek-congressional-inquiry">Read the full article here.</a>
Gordon Johnson Criticizes Market Corruption
Gordon Johnson, an analyst at GLJ Research, criticized what he called market "corruption" following President Trump&#8217;s announcement of a strategic U.S. cryptocurrency reserve. Johnson responded to allegations that Trump's proposed cryptocurrency purchases aligned with holdings previously owned by his crypto advisor, David Sacks.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44069546/gordon-johnson-slams-market-corruption-following-trumps-crypto-reserve-announcement">Read the full article here.</a>
Polymarket CEO Invited to White House Crypto Summit
Shayne Coplan, CEO of prediction market platform Polymarket, confirmed that he will attend the White House Digital Asset Roundtable. Coplan, who was once raided by the FBI for alleged regulatory violations, thanked President Trump for the invitation.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44185814/polymarket-ceo-who-was-raided-by-the-fbi-on-allegations-of-regulatory-violations-gets-invited-to-white-house-crypto-summit">Read the full article here.</a>
Read Next:&nbsp;
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<li><a href="https://in.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise" target="_blank" rel="noreferrer noopener">Trump Creates Strategic Bitcoin Reserve Funded By Forfeited Assets: ‘I Made The Promise' — BTC Dips 4%</a></li>
</ul>

This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

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

Cryptocurrency

Trump's Crypto Reserve Plan Sparks Controversy, Schiff Questions XRP Inclusion, Polymarket CEO Invited To White House: This Week In Crypto

The past week has been a rollercoaster for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). From delays in AI upgrades to legal challenges and product teasers, the tech giant has been making headlines left, right, and center. Here&#8217;s a quick recap of the top stories that shaped Apple&#8217;s week.
Apple Delays Next-Gen Siri
The highly anticipated upgrade to Siri, Apple&#8217;s voice assistant, will take longer than expected to hit the market. The update, which includes AI-powered personalization and contextual awareness, was confirmed to be delayed by Apple spokesperson Jacqueline Roy.
<a href="https://www.benzinga.com/media/25/03/44207932/apple-delays-next-gen-siri-its-going-to-take-us-longer-than-we-thought-to-deliver-ai-upgrades">Read the full article here.</a>
Apple Challenges UK&#8217;s &#8216;Backdoor&#8217; Order
In a landmark legal case, Apple is reportedly challenging a directive from the UK government that would force the company to create a &#8220;backdoor&#8221; into its encrypted iCloud storage. The move has drawn criticism from President Donald Trump, who compared the directive to China-style surveillance.
<a href="https://www.benzinga.com/markets/25/03/44133360/apple-challenges-uks-backdoor-order-in-landmark-legal-case-after-trump-compares-directive-to-china-style-surveillance-report">Read the full article here.</a>
Tim Cook Teases New Product
Apple CEO Tim Cook sparked speculation with a cryptic teaser hinting at a new "Air" product launch this week. Fans are left guessing whether it&#8217;s the highly anticipated MacBook Air or something entirely unexpected.
<a href="https://www.benzinga.com/tech/25/03/44099748/tim-cook-says-theres-something-in-the-air-new-macbook-air-or-a-surprise-product-launch-on-the-cards">Read the full article here.</a>
Trump Criticizes UK&#8217;s Apple Encryption Order
President Donald Trump has strongly criticized the UK government&#8217;s demand for Apple to create a backdoor into its encrypted cloud storage, comparing the move to authoritarian surveillance tactics used in China.
<a href="https://www.benzinga.com/media/25/03/44069785/trump-blasts-uks-apple-encryption-order-warns-against-grave-privacy-violations-thats-something-you-hear-about-with-china">Read the full article here.</a>
Apple&#8217;s New Technology for Age Verification
Apple is reportedly developing a new technology that could help social media apps identify users under 16 years of age. The &#8220;Declared Age Range&#8221; application programming interface (API) is expected to be launched on iOS devices.
<a href="https://www.benzinga.com/25/02/44036079/apples-new-declared-age-range-api-could-reshape-social-media-age-restrictions">Read the full article here.</a>
Read Next:
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</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple's Tumultuous Week – From Siri Delays, Legal Battles, And New Product Teasers: This Week In Appleverse

The past week has been a rollercoaster ride for the financial world. From Warren Buffett&#8217;s stern warning about tariffs to President Trump&#8217;s call to end the CHIPS Act, the market has been grappling with a flurry of developments.
Here&#8217;s a quick recap of the top stories that made headlines over the weekend.
Buffett Calls Tariffs &#8216;An Act Of War&#8217;&nbsp;
Buffett characterized tariffs as "an act of war" that functions as a consumer tax. This comes as markets grapple with President Donald Trump‘s recent implementation of 25% tariffs on Canadian and Mexican imports. Buffett, in an interview with CBS News, was blunt about the impact of tariffs on inflation, stating that they are a tax on goods.
<a href="https://www.benzinga.com/markets/equities/25/03/44070257/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil">Read the full article here.</a>
Read Also:&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44108913/tariffs-trump-tumult-how-to-trade-this-volatility-vix-surge" target="_blank" rel="noreferrer noopener">Tariffs, Trump, Tumult: How To Trade The Volatility Surge</a>
Trump Seeks To End CHIPS Act
In a surprising move, President Donald Trump called for ending the CHIPS Act during his joint address to Congress. The Act provides manufacturing incentives to semiconductor companies setting up their facilities in the U.S. Trump criticized the legislation, urging U.S. House Speaker Mike Johnson to &#8220;get rid&#8221; of it.
<a href="https://www.benzinga.com/general/market-summary/25/03/44135177/trump-seeks-to-end-chips-act-who-stands-to-lose-heres-a-list-of-beneficiaries-that-could-be-affected">Read the full article here.</a>
Trump Considering Tariff Relief For Mexico, Canada
Commerce Secretary Howard Lutnick revealed that the Trump Administration is considering rolling back some of the tariffs placed on Mexico and Canada. Lutnick stated that Trump will make his decision on tariffs on Wednesday afternoon.
<a href="https://www.benzinga.com/news/25/03/44143647/trump-considering-tariff-relief-for-mexico-canada-commerce-secretary-lutnick-says">Read the full article here.</a>
US Dollar Weakness A &#8216;Symptom Not Cause&#8217;
As the U.S. dollar witnessed its largest two-day decline in over two years, experts argue the importance of devaluation for global growth. The macro strategist at Crescat Capital, Otavio Costa, highlighted that the dollar "needs to be devalued to restore global growth."
<a href="https://www.benzinga.com/government/regulations/25/03/44160833/us-dollar-weakness-a-symptom-not-cause-argues-expert-as-economist-hails-devaluation-to-restore-global-growth">Read the full article here.</a>
Trump Bump Turns Into A Slump
The S&amp;P 500 has now wiped out all of its post-election gains, shedding a staggering $3.3 trillion since its Feb. 19 peak. This equates to a brutal $330 billion in market cap per trading day over the past two weeks.
<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/03/44139684/trump-bump-turns-into-slump-spy-sinks-as-sp-500-erases-post-election-gains">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Buffett's Tariff Warning, Trump's CHIPS Act Repeal, And S&P 500's Post-Election Slump: This Week In Economics

The past week has been a whirlwind of economic and political news, with President Donald Trump&#8217;s tariff threats, Treasury Secretary Scott Bessent&#8217;s economic &#8216;detox&#8217; remarks, and a federal judge&#8217;s block on Trump&#8217;s freeze of billions in congressional funds making headlines. Here&#8217;s a quick round-up of the top stories:
Canada Responds to Trump&#8217;s Tariff Threats
President Donald Trump&#8217;s threats to impose reciprocal tariffs on Canadian lumber and dairy products have reignited trade tensions with the northern neighbor. Trump accused Canada of &#8220;ripping us off for years&#8221; with a 250% tariff on U.S. dairy, which he said hurts American farmers. He warned that Canada would face matching tariffs unless it reduced its own.
<a href="https://www.benzinga.com/politics/25/03/44206362/canada-claps-back-at-unjustified-trump-tariffs-on-dairy-lumber">Read the full article here.</a>
U.S. Economy Enters &#8216;Detox Period&#8217;
Treasury Secretary Scott Bessent acknowledged signs of economic weakness in the U.S., citing a necessary adjustment as the country shifts from government-driven to private sector-driven growth. Bessent suggested the economy had become &#8220;addicted&#8221; to public spending and would undergo a &#8220;detox period.&#8221;
<a href="https://www.benzinga.com/news/25/03/44196560/bessent-describes-economic-detox-period-as-us-shifts-to-trump-policies">Read the full article here.</a>
Federal Judge Blocks Trump&#8217;s Freeze on Congressional Funds
A federal judge extended an order that prevents the Trump administration from freezing billions in congressionally approved funds to 22 states and the District of Columbia. Judge John J. McConnell Jr. found the administration had overstepped in trying to stop the agencies from using money appropriated by Congress.
<a href="https://www.benzinga.com/news/legal/25/03/44181394/federal-judge-blocks-trumps-freeze-on-billions-in-congressional-funds-executive-put-itself-above-congress">Read the full article here.</a>
Bessent Supports Trump&#8217;s Tariffs
Treasury Secretary Bessent defended President Trump&#8217;s tariffs, asserting that previous trade agreements neglected American workers. Trump announced a 25 percent tariff on imports from Canada and Mexico, citing the need for &#8220;reciprocal&#8221; trade relationships.
<a href="https://www.benzinga.com/news/global/25/03/44178376/bessent-backs-trump-tariffs-says-us-trade-needs-to-be-reciprocal">Read the full article here.</a>
Trump Delays Mexico Tariffs Amid Economic Uncertainty
President Trump temporarily postponed the enforcement of a 25% tariff on most imports from Mexico, offering a one-month reprieve amid economic uncertainty. The move follows a conversation between Trump and Mexican President Claudia Sheinbaum, during which they agreed to exempt all trade covered under the USMCA agreement from immediate tariff hikes.
<a href="https://www.benzinga.com/news/global/25/03/44176918/trump-delays-mexico-tariffs-for-a-month-economic-uncertainty-persits">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44209114/trump-threatens-russia-with-sanctions-amid-ukraine-conflict-as-he-pushes-for-peace" target="_blank" rel="noreferrer noopener">Trump Threatens Russia With Sanctions Amid Ukraine Conflict As He Pushes For Peace</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Trump Tariffs, Economic 'detox', And Congressional Funds Freeze: This Week In Politics

Retail pharmacy giant Rite Aid has agreed to pay $6.8 million to its customers following a<a href="https://www.benzinga.com/news/24/10/41305389/major-banks-suffer-data-breaches-how-safe-is-your-information"> significant data breach.</a>
What Happened: Hackers from the RansomHub group&nbsp;impersonated a Rite Aid employee&nbsp;and gained access to the company&#8217;s systems. 
This breach, which took place over the summer, exposed personal data of approximately 2.2 million customers. The compromised data includes names, addresses, birth dates, and purchase-related IDs from June 2017 to July 2018.
A federal judge has given preliminary <a href="https://dd80b675424c132b90b3-e48385e382d2e5d17821a5e1d8e4c86b.ssl.cf1.rackcdn.com/external/rite-aid-settlement-agreement-02feb2025.pdf">approval </a>to the $6.8 million settlement. Customers affected by the breach&nbsp;can claim up to $10,000&nbsp;for documented losses. 
Rite Aid,&nbsp;which came out of bankruptcy in September 2024, has stated that it is upgrading its digital security and will notify individuals impacted by the breach.
Also Read: <a href="https://www.benzinga.com/news/25/03/44089929/t-mobile-to-shell-out-350-million-to-customers-in-wake-of-massive-data-breach">T-Mobile to Shell Out $350 Million to Customers in Wake of Massive Data Breach</a>
More information about the settlement will be available on RiteAidDataSettlement.com in the upcoming weeks, although the site was not operational at the time of the report.
Why It Matters: This settlement comes as a significant development for Rite Aid, which is still recovering from its bankruptcy. The data breach had further tarnished the company&#8217;s reputation, affecting customer trust and loyalty. 
The settlement is a step towards rectifying the damage and restoring faith in the company&#8217;s commitment to data security. 
Furthermore, it serves as a reminder for other companies about the importance of robust digital security systems to protect customer data.
Read Next
<a href="https://www.benzinga.com/tech/25/02/43759346/massive-data-breach-exposes-americans-financial-details-names-card-numbers-pins-and-more-at-risk">Massive Data Breach Exposes Americans&#8217; Financial Details — Names, Card Numbers, PINs and More at Risk</a>

Hackers Expose Customer Data—Retail Pharmacy Giant Paying $6.8M in Compensation

Basketball superstar Shaquille O'Neal's impact goes beyond basketball, with his larger-than-life personality and smart investments. Yet, one of his most unforgettable <a href="https://www.benzinga.com/general/sports/24/11/41866639/shaq-buys-out-delivery-teams-van-and-car-leaving-them-to-catch-an-uber">moments happened at Walmart.</a>
What Happened: O&#8217;Neal, who is known for his extravagant spending, made this record-breaking purchase back in 2008. The shopping spree occurred after he was traded from the Miami Heat to the Phoenix Suns and found himself in a bare apartment. 
&#8220;I have the biggest purchase in Walmart history, $70,000,&#8221; he said during an <a href="https://www.youtube.com/watch?v=1W3A2hQhdg4">interview</a>. &#8220;I got traded from Miami to Phoenix, and I&#8217;m the type of guy I have no patience. When I get to Phoenix, they have an apartment for me; nothing is in it.&#8221;
The basketball legend&#8217;s shopping list was extensive, including multiple TVs, laptops, appliances, sheets, towels, underwear, and T-shirts. However, his credit card was initially declined due to the large amount. 
Also Read: <a href="https://www.benzinga.com/general/sports/24/11/42026306/nba-legend-shaqs-daughter-breaks-silence-on-dads-career-defying-family-expectations-its-a-no-go-for-me" target="_blank" rel="noreferrer noopener">NBA Legend Shaq's Daughter Breaks Silence On Dad's Career, Defying Family Expectations: ‘It's A No Go For Me'</a>
&#8220;So two to three in the morning I got to get four-five TVs; I got to get printers, laptops, appliances, sheets, towels, underwear, and T-shirts. So at the end, it was $70,000, so I put my card in it, and it declined. Then, pulled it out, put it again, and it declined again,&#8221; he said. 
&#8220;So I told them I&#8217;d be back, so the American Express security guard called me, &#8216;Hey man, somebody stole your credit card and spent $70,000 at Walmart,&#8217; and I said no, that was me,&#8221; O&#8217;Neal added.
Why It Matters: Despite his past indulgences, O&#8217;Neal has since become a financial advisor of sorts for younger players. He has been recognized for his charitable contributions and is now known for his financial wisdom. 
This story serves as a reminder of his past spending habits, but also highlights his growth and transformation in the realm of financial management.
Read Next
<a href="https://www.benzinga.com/general/sports/24/12/42500103/shaquille-oneals-250k-accidental-investment-turns-into-a-fortune-after-business-booms">Shaquille O&#8217;Neal&#8217;s $250K &#8216;Accidental&#8217; Investment Turns Into A Fortune After Business Booms</a>

Sports

NBA Legend Shaq's Walmart Shopping Spree Ends In Credit Card Decline—Here's How Much He Tried To Spend

Robert F. Kennedy Jr., the new Secretary of Health and Human Services, is reportedly set to meet with top executives from <a target="_blank" href="https://www.benzinga.com/25/02/43832950/oreo-maker-mondelez-faces-rising-costs-due-to-new-us-health-policies" rel="noreferrer noopener">several major food brands on Monday.</a>
This gathering marks the first direct encounter between Kennedy and the companies he&#8217;s publicly accused of contributing to Americans&#8217; health issues, <a target="_blank" href="https://www.politico.com/news/2025/03/08/rfk-jr-food-industry-meeting-00219631" rel="noreferrer noopener">reports </a>POLITICO, citing sources familiar with the discussions.
Among the expected attendees are senior leaders from General Mills, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) and PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>).
The discussion comes at the request of the White House, which has encouraged Cabinet officials to engage with industries they oversee. Kennedy, a vocal critic of the food industry, has long blamed major food conglomerates for fueling the rise of chronic illnesses in children, the report adds.
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His &#8220;Make America Healthy Again&#8221; movement advocates for significant changes to food practices, such as reducing food dyes and banning certain chemicals.
The meeting, which could be a pivotal moment for both the industry and Kennedy&#8217;s agenda, will address concerns such as eliminating seed oils, banning additives, and the FDA&#8217;s new plans for nutrition labels, POLITICO further notes.
Food companies have expressed alarm over Kennedy&#8217;s proposals, particularly his stance on ultra-processed foods and his push for stricter regulations on additives.
Additionally, the U.S. Department of Health and Human Services and the Department of Agriculture are expected to finalize the next Dietary Guidelines for Americans, providing another opportunity for the food industry to sway key decisions on nutrition and public health.
The meeting&#8217;s agenda remains uncertain, with some industry players expressing concerns about potential conflicts over the direction of the discussions.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/03/44209579/unprecedented-slide-tesla-sales-plummet-45-in-europe-as-musks-net-worth-dives-5-2b-in-a-week" target="_blank" rel="noreferrer noopener">&#8216;Unprecedented Slide&#8217;: Tesla Sales Plummet 45% In Europe As Musk&#8217;s Net Worth Dives $5.2B In A Week</a></li>
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Equities

General

RFK Jr. Takes On Food Giants: Calls Meeting With PepsiCo And General Mills

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is said to be maintaining a clandestine &#8216;do not rehire&#8217; list of its former employees, who are barred from rejoining the company, irrespective of a vice president&#8217;s endorsement.
What Happened: A recent report has revealed that a former engineer at Meta found themselves deemed "ineligible for rehire" after submitting nearly 20 applications. The engineer was among the 10,000 employees who lost their jobs during the company's 2022 downsizing.
The engineer had been associated with the company for more than four years and had consistently exceeded expectations in performance ratings. 
They had also been promoted to a senior technical position the previous year. However, after applying for multiple positions, they noticed a worrying trend. Initial conversations with hiring managers would suddenly cease once the recruitment screening phase was reached, reports <a href="https://www.businessinsider.com/meta-secret-block-lists-bar-rehiring-some-former-employees-2025-2?insiderId=79c06dc4-15de-41c4-a938-2ca835542ee0">the </a>Insider. 
Five ex-employees, including two managers, confirmed to Business Insider that Meta maintains internal lists that bar certain former employees from being rehired. Employment experts suggest that while such lists are not illegal, they are not common practice. Even high-performing employees can find themselves on these lists without a clear reason.
Also Read: <a href="https://www.benzinga.com/news/24/09/40969847/mark-zuckerberg-flaunts-watches-valued-at-a-cybertrucks-price">Mark Zuckerberg Flaunts Watches Valued at a Cybertruck&#8217;s Price</a>
Meta reportedly uses several tracking systems to enforce these restrictions, including a "non-regrettable attrition" designation and a "do not rehire" flag. 
The company asserts that these designations are applied fairly, and rehire eligibility is determined at the time of departure, based on factors such as policy violations and performance metrics.
Meanwhile, former Google HR chief Laszlo Bock has shared his thoughts about Meta&#8217;s internal &#8220;block&#8221; lists, which can prevent certain former employees from being rehired.
In a LinkedIn <a href="https://www.linkedin.com/posts/laszlobock_meta-keeps-block-lists-of-ex-employees-activity-7303157715369897984-rL6E?utm_source=social_share_send&amp;utm_medium=member_desktop_web&amp;rcm=ACoAAAP-gw4B6ptW5YHEGD_6Aq-YEJO11zkExL8">post </a>he wrote, &#8220;I&#8217;ve never heard of anything like this. I&#8217;ve sometimes heard an exec say, &#8216;don&#8217;t ever re-hire this person&#8217;, but never seen a large scale, systematic approach like this. Have folks seen this elsewhere?&#8221;
Why It Matters: This revelation could potentially raise questions about Meta&#8217;s hiring practices and treatment of its employees. The alleged &#8216;do not rehire&#8217; list, if proven true, could impact the company&#8217;s reputation and its ability to attract and retain talent. 
It also raises concerns about the transparency of the company&#8217;s policies towards its employees. The impact of this development on Meta&#8217;s stock performance remains to be seen.
Read Next: 
<a href="https://www.benzinga.com/news/24/09/40867264/big-techs-security-spending-spree-zuckerberg-leads-in-lavish-security-measures" target="_blank" rel="noreferrer noopener">Big Tech's Security Spending Spree: Zuckerberg Leads In Lavish Security Measures</a>

Meta Secretly Keeps 'Block' Lists of Ex-Employee, Former Google HR Chief Calls It 'Unheard Of'

Justine Musk, the first wife of billionaire Elon Musk, once shared her unique insights on the journey to<a href="https://www.benzinga.com/general/entertainment/22/05/27458121/heres-elon-musks-piece-of-advice-for-ex-girlfriend-amber-heard"> becoming a billionaire.</a>
What Happened: In 2015, Justine Musk responded to a Quora thread questioning whether determination and hard work alone lead to a billion-dollar fortune. As Elon Musk's first wife, she firmly answered, &#8220;No.&#8221;
She suggested that the question was misguided, emphasizing that determination alone falls short of the mark. To become a billionaire, one must be ready to tackle extreme challenges head-on.
She <a href="https://www.quora.com/Will-I-become-a-billionaire-if-I-am-determined-to-be-one-and-put-in-all-the-necessary-work-required">wrote</a>, &#8220;You&#8217;re determined. So what? You haven&#8217;t been racing naked through shark-infested waters yet,&#8221; underlining the high level of risk and resilience required to accumulate such wealth.
&#8220;Will you be just as determined when you wash up on some deserted island, disoriented and bloody and ragged and beaten and staring into the horizon with no sign of rescue?&#8221; she further wrote in the post.
&#8220;Shift your focus away from what you want a billion dollars and get deeply, intensely curious about what the world wants and needs. Ask yourself what you have the potential to offer that is so unique and compelling and helpful that no computer could replace you, no one could outsource you, no one could steal your product and make it better and then club you into oblivion (not literally). Then develop that potential. Choose one thing and become a master of it. Choose a second thing and become a master of that,&#8221; she continued. 
Also Read: <a href="https://www.benzinga.com/news/23/09/35016865/elon-musks-father-open-to-more-children-despite-age-if-shes-under-35-i-wouldnt-think-twice-about-hav" target="_blank" rel="noreferrer noopener">Elon Musk's Father Open To More Children Despite Age: "If She's Under 35, I Wouldn't Think Twice About Having Another Child"</a>
Justine Musk&#8217;s insights are based on her personal experience being married to Elon Musk, who has an estimated net worth of $12.1 billion. 
&#8220;The world doesn&#8217;t throw a billion dollars at a person because the person wants it or works so hard they feel they deserve it. The world does not care what you want or deserve. The world gives you money in exchange for something it perceives to be of equal or greater value: something that transforms an aspect of the culture, reworks a familiar story or introduces a new one, alters the way people think about the category and make use of it in daily life. There is no roadmap, no blueprint for this; a lot of people will give you a lot of advice, and most of it will be bad, and a lot of it will be good and sound but you&#8217;ll have to figure out how it doesn&#8217;t apply to you because you&#8217;re coming from an unexpected angle,&#8221; she wrote in the post. 
Elon Musk is renowned for his roles in founding PayPal and leading innovative companies like Tesla and SpaceX.
Why It Matters: Justine Musk&#8217;s comments provide a rare glimpse into the mindset and challenges of those who have achieved billionaire status. Her unique perspective, shaped by her close relationship with one of the world&#8217;s most successful entrepreneurs, offers valuable insights for those aspiring to similar levels of success. 
Her emphasis on the need for resilience and a willingness to face extreme challenges echoes the experiences of many successful entrepreneurs. 
This serves as a reminder that the path to significant wealth is often fraught with risk and requires more than just determination and hard work.
Read Next
<a href="https://www.benzinga.com/general/entertainment/24/07/39657381/elon-musks-mother-recounts-time-her-children-used-to-ask-for-food-she-couldnt-afford-after-">Elon Musk&#8217;s Mother Recounts Time Her Children Used To Ask For Food She Couldn&#8217;t Afford After Her Divorce: &#8216;If They Complained, I Didn&#8217;t Listen&#8217;</a>

Elon Musk's Ex-Wife Spills The Truth About What It Really Takes To Be A Billionaire: 'There Is No Roadmap, No Blueprint For This'

Reddit Inc (NYSE: RDDT) has been identified as the social media platform with the fastest growing ad revenue.
What Happened: According to the EMARKETER&#8217;s research, Reddit&#8217;s ad revenue will see a year-over-year increase of more than 30% this year. TikTok and Instagram trail behind Reddit, with their ad revenues growing at 25% and 15% respectively.
Reddit&#8217;s CEO,&nbsp;Steve Huffman, has previously emphasized the platform&#8217;s unique capacity to encourage community-based discussions. EMARKETER analysts believe that Reddit&#8217;s user base growth can be partially attributed to its unique social ambiance.
The report <a href="https://www.businessinsider.com/reddit-ad-revenue-grows-fastest-among-social-media-platforms-2025-3">by </a>Insider, however, also points out that Reddit&#8217;s social nature could present obstacles for advertisers attempting to seamlessly integrate into the platform&#8217;s discussions. 
To address this, Reddit offers tools like Reddit Pro to advertisers, enabling them to establish a natural presence on the site.
Also Read: <a href="https://www.benzinga.com/insights/options/25/03/44192897/smart-money-is-betting-big-in-rddt-options">Smart Money Is Betting Big In RDDT Options</a>
Reddit&#8217;s COO,&nbsp;Jen Wong, acknowledged the platform&#8217;s &#8220;broad growth&#8221; across various advertising verticals during a recent earnings call. She noted substantial growth in sectors such as&nbsp;finance, retail, auto, pharma, gaming,&nbsp;and tech.
Why It Matters: Reddit&#8217;s significant growth in ad revenue underscores the platform&#8217;s increasing appeal to advertisers. The unique social environment that Reddit offers allows brands to engage with audiences in a more personal and community-driven manner. 
However, the challenge for advertisers is to authentically integrate into these conversations without disrupting the user experience. Reddit&#8217;s solution, Reddit Pro, is an attempt to address this issue, providing a tool for advertisers to organically blend into the platform&#8217;s discussions. 
The success of this approach could set a precedent for other social media platforms grappling with similar challenges.
Read Next
<a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43694329/reddit-stock-is-trading-lower-thursday-whats-going-on">Reddit Stock Is Trading Lower Thursday: What&#8217;s Going On?</a>

Here's Why Reddit's Ad Revenue Growth Is Outpacing Other Social Media Giants

President&nbsp;Donald Trump&nbsp;has strongly criticized the U.K. government&#8217;s demand for&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to&nbsp;create a backdoor&nbsp;into its encrypted cloud storage, comparing the move to authoritarian surveillance <a target="_blank" href="https://www.benzinga.com/media/25/03/44069785/trump-blasts-uks-apple-encryption-order-warns-against-grave-privacy-violations-thats-something-you-hear-about-with-china" rel="noreferrer noopener">tactics used in China</a>.
First Lady&nbsp;Melania Trump&nbsp;used her first major public appearance to call for stronger protections against online abuse, advocating for legislation&nbsp;targeting deepfake&nbsp;and revenge pornography while criticizing <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44100458/melania-trump-attacks-democrats-for-skipping-key-discussion-on-deepfakes-first-lady-wants-tougher-safeguards-for-children" rel="noreferrer noopener">Democrats for their absence at the discussion</a>.
Smartphones
Honor&nbsp;has ramped up its AI ambitions with a $10 billion investment over the next five years, alongside a deeper<a target="_blank" href="https://www.benzinga.com/25/03/44068933/google-and-chinas-honor-deepen-ai-partnership-as-huawei-spin-off-takes-on-apple-and-samsung-with-10-billion-investment" rel="noreferrer noopener"> partnership with&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/03/44068933/google-and-chinas-honor-deepen-ai-partnership-as-huawei-spin-off-takes-on-apple-and-samsung-with-10-billion-investment" rel="noreferrer noopener">Alphabet Inc.&#8217;s&nbsp;Google</a>.
Technology
Major tech firms, including&nbsp;Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>),&nbsp;ByteDance-owned&nbsp;TikTok, and&nbsp;Snapchat, are urging Australia to reconsider the exemption of&nbsp;YouTube, an online video sharing platform owned by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, from its&nbsp;ban on social media<a href="https://www.benzinga.com/25/03/44132618/meta-tiktok-and-snapchat-push-back-against-youtubes-exemption-from-australias-social-media-ban-for-children-under-16" target="_blank" rel="noreferrer noopener"> access&nbsp;for users under 16</a>.
Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) launched <a href="https://www.benzinga.com/tech/25/03/44143576/apples-latest-macbook-air-with-m4-chip-is-twice-as-fast-as-its-predecessor-with-lower-price" target="_blank" rel="noreferrer noopener">its newest MacBook Air</a> with equipped with the advanced M4 chip for improved speed, longer battery life, and a 12MP camera. The base version costs as low as $999.
Google has begun disabling uBlock Origin and other extensions that rely on its outdated Manifest V2 framework, leaving millions of Chrome users scrambling for alternatives as the company fully transitions <a href="https://www.benzinga.com/media/25/03/44135027/googles-chrome-changes-disable-ublock-origin-for-even-more-users-can-you-still-block-ads" target="_blank" rel="noreferrer noopener">to its new extension standard, </a><a href="https://www.benzinga.com/media/25/03/44135027/googles-chrome-changes-disable-ublock-origin-for-even-more-users-can-you-still-block-ads" target="_blank" rel="noreferrer noopener">Manifest V3</a>.
Ransomware operators have found a way to exploit a Windows-signed driver from&nbsp;Paragon Partition Manager, posing a <a target="_blank" href="https://www.benzinga.com/tech/25/03/44105518/microsoft-adds-paragon-partition-manager-driver-to-blocklist-as-ransomware-hackers-exploit-windows-signed-driver-for-attacks" rel="noreferrer noopener">threat to system security</a>.
Discord, the popular&nbsp;social chat app&nbsp;favored by gamers, is reportedly in early discussions with investment bankers <a target="_blank" href="https://www.benzinga.com/25/03/44157952/discord-reportedly-exploring-ipo-in-2025heres-what-we-know-about-the-gaming-chat-titans-plans" rel="noreferrer noopener">about a potential initial public offering in 2025.</a>
Former&nbsp;Intel Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) CEO&nbsp;Craig Barrett&nbsp;has strongly criticized calls to divide Intel&#8217;s business, arguing that the company should focus on its recent <a target="_blank" href="https://www.benzinga.com/25/03/44070969/former-intel-ceo-craig-barrett-warns-that-splitting-the-company-would-be-a-costly-mistake-a-far-better-move-might-be-to-fire-the-intel-board-and-rehire-pat-gelsinger" rel="noreferrer noopener">chipmaking breakthroughs instead</a>.
Read: <a target="_blank" href="https://www.benzinga.com/25/03/44070785/top-analyst-shuts-down-nvidia-cowos-order-cut-rumors-confirms-tsmcs-2025-expansion-is-steady-at-70000-wafers-per-month" rel="noreferrer noopener">Ming-Chi Kuo Dismisses Nvidia Order Cut Speculation Amid Intact AI Demand, Confirms TSMC Expansion On Track</a>
Reddit Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) co-founder and venture capitalist&nbsp;Alexis Ohanian&nbsp;has joined&nbsp;Frank McCourt&#8217;s&nbsp;bid to acquire&nbsp;TikTok&#8217;s&nbsp;U.S. operations, as competition intensifies with rival groups that include&nbsp;YouTube&nbsp;star&nbsp;Jimmy Donalson, aka&nbsp;MrBeast, tech entrepreneur&nbsp;Jesse Tinsley, <a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">Wyoming</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">&nbsp;investor&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">Reid Rasner</a>.
Artificial Intelligence (AI)
Tencent Holdings&#8217; (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Yuanbao AI&nbsp;chatbot has surpassed&nbsp;DeepSeek&nbsp;as the <a target="_blank" href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle" rel="noreferrer noopener">most downloaded&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle" rel="noreferrer noopener">iPhone</a><a target="_blank" href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle" rel="noreferrer noopener">&nbsp;app in China</a>.
Chinese AI startup&nbsp;DeepSeek&nbsp;revealed cost and revenue estimates for its popular&nbsp;V3&nbsp;and&nbsp;R1&nbsp;models, showing a theoretical cost-profit <a target="_blank" href="https://www.benzinga.com/25/03/44069178/chinas-deepseek-report-545-theoretical-daily-profit-margin-once-again-raising-questions-about-openai-and-other-us-ai-firms-billion-dollar-chip-investments" rel="noreferrer noopener">ratio of up to 545% per day</a>.
Anthropic&nbsp;CEO&nbsp;Dario Amodei&nbsp;has called for stronger U.S. AI safeguards, warning that autocratic regimes like China and Russia could use artificial intelligence to enhance their<a target="_blank" href="https://www.benzinga.com/tech/25/03/44069535/jeff-bezos-backed-anthropic-pushes-for-stronger-us-ai-safeguards-saying-autocracies-like-china-russia-could-use-ai-to-expand-their-power-some-very-dark-possbilities" rel="noreferrer noopener"> control and military capabilities</a>.
Anthropic and&nbsp;Google has raised $3.5 billion in a Series E funding round,<a target="_blank" href="https://www.benzinga.com/tech/25/03/44099466/bitcoin-ethereum-dogecoin-nosedive-as-trumps-tariff-moves-wipe-out-crypto-reserve-fueled-gains-analyst-says-breaking-through-this-barrier-will-help-btc-touch-new-highs" rel="noreferrer noopener"> bringing its valuation to $61.5 billion</a>.

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Consumer Tech News (Mar 3-Mar 7): Discord May Initiate IPO, Apple's New MacBook Air With M4 Chip, Tencent' Yuanbao AI Surpassed DeepSeek As Most Downloaded & More

Billionaire Peter Thiel, who has no formal position in the Trump Administration, has multiple affiliations with <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/03/44197287/us-to-conduct-full-audit-of-bitcoin-holdings-following-strategic-reserve-executive-order" rel="noreferrer noopener">organizations that aim to reform the government.</a>
Thiel&#8217;s connections, which include multiple old and new employees of his companies, have been included in the Trump administration, <a target="_blank" href="https://www.bloomberg.com/features/2025-peter-thiel-trump-administration-connections/" rel="noreferrer noopener">reports </a>Bloomberg.
Thiel, who has invested in several of Elon Musk&#8217;s companies, including Boring Co., SpaceX, and Neuralink, has built a diverse empire spanning from the software company Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)
to investment firms with stakes in leading Silicon Valley startups.
Meanwhile, Musk is a key player in the Trump administration, leading a new advisory body established by US President Donald Trump, responsible for reducing US government jobs and cutting other expenditures, Bloomberg adds.
Also Read:<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/03/44201364/peter-schiff-blasts-government-crypto-investments-as-waste-of-resources" rel="noreferrer noopener"> Peter Schiff Blasts Government Crypto Investments As &#8216;Waste of Resources&#8217;</a>
The department works under the banner of the&nbsp;Department of Government Efficiency.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>,&nbsp;Palantir&#8217;s stock has soared more than 90% since Trump was elected.
Anduril Industries, one of Thiel&#8217;s defense-tech companies, has landed a $20 billion contract from Trump. In fact, the startup&#8217;s valuation can reportedly double with a $2.5 billion funding round that Founders Fund leads. 
This week, Scale AI, another company in the Founders Fund portfolio with its managing director now serving in the Trump administration, revealed a new deal with the Department of Defense.
Although ties between industry and government have always been present, the current situation is &#8220;unprecedented in the modern era,&#8221; Quinn Slobodian, a professor of international history at Boston University, told Bloomberg.
Thiel supported Trump in 2016 but later criticized him. Before the 2024 election, Thiel said he wouldn&#8217;t donate to any candidates. However, he stated he would vote for Trump. Trump selected Thiel ally JD Vance as his vice president.
Peter Thiel and Elon Musk&#8217;s behind-the-scenes influence on the Trump administration is reshaping the very fabric of American governance. With vast investments spanning defense, technology, and government reform, these Silicon Valley titans are wielding power in ways that have never been seen before.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/personal-finance/25/03/44183616/probably-past-the-point-of-compromise-and-empathy-billionaire-investor-ray-dalio-tells-tucker-carlson-were-already-in-a-civil-war" target="_blank" rel="noreferrer noopener">&#8216;Probably Past the Point of Compromise and Empathy&#8217; — Billionaire Investor Ray Dalio Tells Tucker Carlson We&#8217;re Already In A &#8216;Civil War&#8217;</a></li>
</ul>

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