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ARCHER AVIATION INC-A

Archer Aviation

Archer Aviation Inc advances the benefits of sustainable air mobility. The company is engaged in designing and developing a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM networks. It is creating an electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner.

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Ark Invest vendió acciones de Palantir por 10,4M$. ¿Qué impulsó esta decisión y qué significa para los inversionistas?

Ark Invest ajusta su portafolio: venta masiva de Palantir y nuevas compras estratégicas

Archer Aviation Inc. Class A Common Stock

Archer Aviation Inc

Archer Aviation Inc. Redeemable Warrants, each whole warrant exercisable for one Class A common stock at an exercise price of $11.50

Needham analyst Scott Berg reiterates Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Buy and maintains $400 price target.

Price Target

Reiteration

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Needham Reiterates Buy on Salesforce, Maintains $400 Price Target

Shell PLC&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) Shell Nigeria Exploration inked a deal with TotalEnergies SE&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) TotalEnergies EP Nigeria Limited involving SNEPCo acquiring TotalEnergies&#8217; 12.5% interest in the OML 118 Production Sharing Contract <a target="_blank" href="https://www.benzinga.com/topic/equities" rel="noreferrer noopener">(OML 118 PSC) for</a><a target="_blank" href="https://www.benzinga.com/topic/equities" rel="noreferrer noopener"> </a><a target="_blank" href="https://www.benzinga.com/topic/equities" rel="noreferrer noopener">$510 million</a>.
Once completed, this transaction will increase Shell&#8217;s ownership in the OML 118 PSC from 55% <a target="_blank" href="https://totalenergies.com/news/press-releases/nigeria-totalenergies-divests-its-non-operated-interest-bonga-field" rel="noreferrer noopener">to</a> 67.5%.
This targeted investment aligns with Shell&#8217;s goal of growing its combined Integrated Gas and Upstream total production by 1% per year to 2030 and sustaining its 1.4 million barrels per day of liquids production, the company said.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45207503" rel="noreferrer noopener">Shell Chemical Division Sale To Improve Bottom Line: Analyst</a>
The Bonga field itself is a deep-water development situated in OML 118, with water depths exceeding 1,000 meters.
Bonga North is estimated to hold over 300 million barrels of oil equivalent in recoverable resources and is projected to reach a peak production of 110,000 barrels of oil per day, with initial oil expected by the end of the current decade.
Production at Bonga began in 2005, initially capable of producing 225,000 barrels of oil per day. Notably, the Bonga field produced its one-billionth barrel of crude oil in 2023.
This acquisition represents a significant investment in Nigeria&#8217;s deep-water sector, contributing to sustained liquids production and growth in Shell&#8217;s Upstream portfolio. Peter Costello, Shell's President, Upstream, stated that the acquisition &#8220;brings another significant investment in Nigeria deep-water that contributes to sustained liquids production and growth in our Upstream portfolio."
For TotalEnergies, the sale is part of the company&#8217;s strategy to high-grade its Upstream portfolio, focusing on assets with low technical costs and low emissions, and aiming to lower its cash breakeven. Nicolas Terraz, President Exploration &amp; Production at TotalEnergies, noted that in Nigeria, the company is shifting its focus to its operated gas and offshore oil assets, including the progression of the Ubeta project to sustain gas supply to Nigeria LNG.
The deal is pending regulatory approvals and other closing conditions, with completion anticipated by the end of this year.
Investors can gain exposure to Shell via Precidian ETFs Trust Shell plc ADRhedged (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEH#NYSE">SHEH</a>) and&nbsp;Abacus FCF Real Assets Leaders ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ABLD#BATS">ABLD</a>).
Price Action: SHEL shares are trading higher by 0.89% to $66.63 premarket at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45168189/shells-q1-profit-surges-52-announces-35-billion-buyback-more" target="_blank" rel="noreferrer noopener">Shell Q1 Profit Jumps 52%, Launches $3.5 Billion Stock Buyback</a></li>
</ul>
Photo by FotograFFF via Shutterstock

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AstraZeneca PLC ADRhedged Shell plc ADRhedged

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Shell Boosts Nigerian Deepwater Assets With TotalEnergies Stake Purchase

Ascendiant Capital analyst Edward Woo maintains Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) with a Buy and lowers the price target from $26 to $24.

BNZI

Ascendiant Capital Maintains Buy on Banzai International, Lowers Price Target to $24

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) narrows FY2025 GAAP EPS guidance from $1.49-$1.63 to $1.49-$1.59 vs $1.54 analyst estimate..

Guidance

Hormel Foods Narrows FY2025 GAAP EPS Guidance from $1.49-$1.63 to $1.49-$1.59 vs $1.54 Est; Company Reaffirms Outlook Of YoY T&M Benefits In The Range Of $100M-$150M

U.S. stock futures jumped on Thursday after ending lower on Wednesday. Futures of major benchmark indices rose over 1% in premarket.
A federal court has<a href="https://www.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report"> invalidated global tariffs</a> enacted by President Donald Trump under the International Emergency Economic Powers Act, a move that could reshape future U.S. trade policy. 
The U.S. Court of International Trade&#8217;s decision challenged the extensive tariff authority previously wielded by the Trump administration and may impact ongoing trade strategies.
A three-judge panel, with appointees from the Reagan, Obama, and Trump eras, ruled that the IEEPA doesn&#8217;t give the president unlimited power to impose tariffs.
The Trump administration filed an appeal against the ruling in minutes, according to a Reuters report.
Meanwhile, the 10-year Treasury bond yielded 4.52% and the two-year bond was at 4.03%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 97.7% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.54%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.95%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.92%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, jumped in premarket on Thursday. The SPY was up 1.51% to $596.62, while the QQQ advanced 1.96% to $529.09, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks closed lower on Wednesday, with the Dow Jones dropping over 200 points, as rising Treasury yields countered Tuesday&#8217;s trade optimism.
All S&amp;P 500 sectors ended in the red, with utilities, materials, and energy stocks experiencing the most significant declines.
In retail, Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) adjusted its annual forecast downward, citing impacts from tariffs, a slight dip in consumer discretionary spending, and an intensified promotional environment.
Conversely, Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) delivered stronger-than-expected first-quarter earnings. Economic data showed the composite manufacturing index in the U.S. Fifth District improving to -9 in May from -13 in April.
<figure class="wp-block-table is-style-stripes"> 
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<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.51%</td>
<td>19,100.94</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.56%</td>
<td>5,888.55</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.58%</td>
<td>42,098.70</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.08%</td>
<td>2,067.80</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
After the Federal Court struck down Trump&#8217;s tariffs, Craig Shapiro, a macro strategist at the Bear Traps Report, said that &#8220;Without tariff revenues, there is a big beautiful hole in the big beautiful budget bill.&#8221;
This implied the administration&#8217;s promise to fund the deficit created by the tax bill through tariff revenue and the Department of Government Efficiency savings.
Shapiro&#8217;s post highlights a budget crisis that could be triggered by the removal of tariff revenue.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Without tariff revenues, there is a big beautiful hole in the big beautiful budget bill Are the bond vigilantes with us in the room?
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1927891799596523725?ref_src=twsrc%5Etfw">May 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Bob Elliott, CIO at Unlimited Funds, highlighted an <a href="https://www.benzinga.com/general/market-summary/25/05/45641879/stock-market-is-pricing-a-never-before-seen-divergence-as-equities-and-bonds-run-it-hot-amid-gloomy-outlook-by-bottom-up-analysts">unprecedented "divergence"</a> which he has "never seen" in his professional career outside of typical cyclical bottoms. 
According to him, despite the seemingly extreme market optimism, the perspective from professionals analyzing data from the ground up painted a far more subdued picture.
He explained that aggressive market pricing stands in stark contrast to the pessimistic views held by bottom-up analysts, companies, and economists.
Elliott highlighted in an X thread that corporate earnings revisions for U.S. large-cap companies have notably collapsed, reaching their weakest point since the COVID-19 pandemic. Global earnings revisions also remain quite subdued, despite a marginal recent uptick in negativity.
Projections for 2025 earnings growth, which are typically skewed positively until just before the period, are currently penciled in at a mere 7%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Stock and bond markets are all in on the &quot;run it hot&quot; trade. But this market pricing is in sharp contrast to the bottoms up view of companies, analysts, and economists all of which remain quite pessimistic. Thread.
&mdash; Bob Elliott (@BobEUnlimited) <a href="https://twitter.com/BobEUnlimited/status/1927666792022884672?ref_src=twsrc%5Etfw">May 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul class="wp-block-list">
<li>The initial jobless claims for the week ending May 24 and the first quarter revised GDP data will be out by 8:30 a.m. ET.</li>
<li>Richmond Fed President Tom Barkin will speak at 8:30 a.m. ET.</li>
<li>Pending home sales data for April will be released by 10:00 a.m. ET.</li>
<li>Chicago Fed President Austan Goolsbee will speak at 10:40 a.m., Fed Governor Adriana Kugler will speak at 2:00 p.m., San Francisco Fed President Mary Daly will speak at 4:00 p.m., and Dallas Fed President Lorie Logan will speak at 8:45 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) jumped 5.01% in premarket on Thursday as analysts expect it to report quarterly earnings of $1.31 per share on revenue of $9.22 billion, before the opening bell.</li>
<li>Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) was 0.30% lower ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of 34 cents per share on revenue of $2.91 billion.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) was up 2.27% as analysts expect it to report quarterly earnings of 80 cents per share on revenue of $13.15 billion, after the closing bell.</li>
<li>Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) was 0.48% higher ahead of its earnings, which are supposed to be released after the closing bell. Analysts expect earnings of $4.24 per share on revenue of $63.19 billion.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged 5.10% after reporting first-quarter revenue of $44.1 billion, up 69% year-over-year and up 12% from the fourth quarter. The revenue beat a Street consensus estimate of $43.2 billion. Nvidia reported adjusted earnings of 81 cents per share in the first quarter.</li>
<li>C3.ai Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) surged 17.29% after reporting better-than-expected fourth quarter results on Wednesday.</li>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) was up 1.72% after delivering strong results and continuing to place its bets on the multitrillion-dollar opportunity arising from the digital labor revolution.</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) advanced 2.63% after a strong set of earnings and guidance. The company said that it would not hike prices despite a $50 million cost incurred because of tariffs.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.34% to hover around $62.67 per barrel.
Gold Spot US Dollar fell 0.28% to hover around $3,279.89 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.14% at the 100.0170 level.
Asian markets closed higher on Thursday as South Korea's Kospi, China&#8217;s CSI 300, India's S&amp;P BSE Sensex, Japan's Nikkei 225, Australia's ASX 200, and Hong Kong's Hang Seng indices rose. European markets were mixed in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45611941/quantum-computing-stocks-in-focus-pure-play-vs-large-caps-heres-a-look-at-the-valuations">Quantum Computing Stocks In Focus: Pure Play Vs. Large Caps &#8211; Here&#8217;s A Look At The Valuations </a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

Market Summary

Futures

Economics

Pre-Market Outlook

Markets

COST

DELL

NVDA

US Stocks Likely To Open Higher After Federal Court Blocks Trump's Tariffs: 'Without Tariff Revenues, There Is A Big Beautiful Hole In The Big Beautiful Budget Bill,' Says Expert

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) narrows FY2025 Adj EPS guidance from $1.58-$1.72 to $1.58-$1.68 vs $1.61 analyst estimate. Raises FY2025 sales outlook from $11.90 billion-$12.20 billion to $12.00 billion-$12.20 billion vs $12.12 billion estimate.

Hormel Foods Narrows FY2025 Adj EPS Guidance from $1.58-$1.72 to $1.58-$1.68 vs $1.61 Est; Raises FY2025 Sales Guidance from $11.90B-$12.20B to $12.00B-$12.20B vs $12.12B Est

Management

DOOO

BRP Announced That President And Chief Executive Officer, José Boisjoli Has Informed The Board Of Directors Of His Intention To Retire By The End Of The Fiscal Year, At Which Time He Will Also Step Down From His Role As Chair Of The Board

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) narrows FY2025 Adj EPS guidance from $1.58-$1.72 to $1.58-$1.68 vs $1.61 analyst estimate..

Hormel Foods Narrows FY2025 Adj EPS Guidance from $1.58-$1.72 to $1.58-$1.68 vs $1.61 Est

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.34 by 2.94 percent. This is a 7.89 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $2.90 billion which missed the analyst consensus estimate of $2.91 billion by 0.30 percent. This is a 0.38 percent increase over sales of $2.89 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Hormel Foods Q2 Adj. EPS $0.35 Beats $0.34 Estimate, Sales $2.90B Miss $2.91B Estimate

BRP (TSX:<a class="ticker" href="https://www.benzinga.com/stock/DOO#TSX">DOO</a>) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.36 by 30.56 percent. This is a 70.25 percent decrease over earnings of $1.58 per share from the same period last year. The company reported quarterly sales of $1.85 billion which beat the analyst consensus estimate of $1.75 billion by 5.54 percent. This is a 7.65 percent decrease over sales of $2.00 billion the same period last year.

TSX:DOO

BRP Q1 Adj. EPS $0.47 Beats $0.36 Estimate, Sales $1.85B Beat $1.75B Estimate

BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.40 by 17.5 percent. This is a 32.86 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $1.85 billion which beat the analyst consensus estimate of $1.75 billion by 5.69 percent. This is a 23.29 percent increase over sales of $1.50 billion the same period last year.

BRP Q1 Adj. EPS $0.47 Beats $0.40 Estimate, Sales $1.85B Beat $1.75B Estimate

Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) reported quarterly earnings of $2.19 per share which missed the analyst consensus estimate of $2.25 by 2.67 percent. This is a 1.86 percent increase over earnings of $2.15 per share from the same period last year. The company reported quarterly sales of $11.03 billion which missed the analyst consensus estimate of $11.20 billion by 1.56 percent. This is a 5.66 percent increase over sales of $10.43 billion the same period last year.

Royal Bank of Canada Q2 Adj. EPS $2.19 Misses $2.25 Estimate, Sales $11.03B Miss $11.20B Estimate

The digital asset landscape is experiencing a significant surge, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange-traded funds emerging as a pivotal force driving institutional adoption.
What Happened: David LaVall, the global head of ETFs at Grayscale Investments, told <a href="https://www.benzinga.com">Benzinga </a>that the introduction of spot Bitcoin ETFs at the beginning of 2024 marked an &#8220;incredible&#8221; inflection point, drawing in a substantial number of institutional players.
&#8220;As we&#8217;re a little bit over a year, what we are looking at is some of the largest institutions in the form of wealth managers, firehouse platforms looking to figure out how they exactly incorporate digital assets into their franchises,&#8221; LaVall stated.
He emphasized that the demand is coming directly from investors, &#8220;Investors are asking for it, this is a unique opportunity where the democratization of an asset class, which is what ETFs have done historically, is happening for digital assets.&#8221;
LaVall highlighted the strong appeal of the robust, institutional-grade infrastructure now available for digital asset investments. &#8220;When they come and they talk to us they&#8217;re very pleased to see the infrastructure that is institutional grade,&#8221; he added.
However, he also highlighted that Bitcoin may not belong in every portfolio.
&#8220;We are not here to say that Bitcoin belongs in every single client&#8217;s portfolio, but we mean to say that you need to educate yourself, you need to partner with a crypto expert,&#8221; he said.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45635906/sp-500s-expensive-valuation-combined-with-all-time-high-household-holdings-a-look-at-where-us-stock-market-stands">S&amp;P 500&#8217;s Expensive Valuation Combined With All-Time High Household Holdings: A Look At Where US Stock Market Stands</a>
Why It Matters: The rise of Bitcoin ETFs has provided traditional investors with a regulated and accessible pathway into the cryptocurrency market.
Grayscale&#8217;s offerings, such as the Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) and the Grayscale Bitcoin Mini Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTC#NYSE">BTC</a>), have been key players in this institutional shift.
GBTC, which converted to a spot Bitcoin ETF in January 2024, has seen significant activity, reflecting both the enthusiasm and some initial profit-taking from long-term holders.
It was up 12.25% on a year-to-date basis and 42.60% over the last year.
The Grayscale Bitcoin Mini Trust ETF, launched more recently, was up 12.91% on a year-to-date basis and 68.32% since its inception in July 20204.
Price Action: As of the publication of this article, Bitcoin was 0.9% lower at 108,735 per coin.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Wednesday. The SPY was down 0.17% to $590.17, while the QQQ declined 0.12% to $520.58, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45612246/nvidia-to-be-hit-by-china-chip-export-curbs-or-deliver-q2-guidance-surprise-after-middle-east-dealmaking-heres-what-charts-show-ahead-of-q1-results" target="_blank" rel="noreferrer noopener">Nvidia To Be Hit By China Chip Export Curbs Or Deliver Q2 Guidance Surprise After Middle East Deal? Here's What Charts Show Ahead Of Q1 Results</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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

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Bitcoin ETFs Gain Momentum Amid Digital Asset Boom: 'Investors Are Asking For It' And Institutions Want To 'Incorporate Digital Assets,' Says Grayscale

China has called on the United States to entirely withdraw the unilateral tariff measures that a U.S. federal court recently blocked.
What Happened:&nbsp;The Xi Jinping-led nation has requested the United States to &#8220;fully&nbsp;cancel the wrongful unilateral tariff&nbsp;measures,&#8221; as per a report by&nbsp;<a href="https://news.rthk.hk/rthk/en/component/k2/1806769-20250529.htm?spTabChangeable=0">RTHK</a>&nbsp;on Thursday. This plea follows a U.S. federal court&#8217;s obstruction of most of President Donald Trump&#8216;s extensive tariffs. 
He Yongqian, a spokeswoman for the Ministry of Commerce, urged the United States to heed the &#8220;rational voices from the international community and domestic stakeholders.&#8221; She stressed the need for the United States to withdraw the unilateral tariff measures, which she termed &#8216;wrongful&#8217;.
The Trump administration has filed an appeal against the ruling of the Court of International Trade.
SEE ALSO:&nbsp;<a href="https://benzinga.com/25/05/45637935/florida-to-embrace-gold-and-silver-as-real-currency-amid-wavering-dollar-confidence" target="_blank" rel="noreferrer noopener">Ron DeSantis Signs Law Allowing Gold, Silver For Transactions In Florida, Citing &#8216;Declining Dollar&#8217; Concerns</a>
Why It Matters: China&#8217;s appeal comes in the wake of a significant ruling by a U.S. federal court that <a href="https://www.benzinga.com/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">nullified </a>global tariffs imposed by President Trump under the International Emergency Economic Powers Act. 
The court&#8217;s decision, which emerged from two separate cases, could potentially halt the administration's trade war efforts. The tariffs were challenged by businesses and states, arguing they violated the Constitution's allocation of import duty authority to Congress.
Earlier this month, the U.S. and China agreed to reduce tariffs by 115 percentage points, lowering U.S. duties on Chinese goods to 30%. The move triggered a broad stock market rally, with the S&amp;P 500 recovering to early March 2025 levels and reversing losses from Trump's "Liberation Day" tariff announcement.
Further, economists and legal experts at The Cato Institute, a libertarian think-tank, have <a href="https://www.benzinga.com/markets/25/05/45663058/trump-wrong-to-claim-unlimited-power-to-impose-tariffs-says-legal-scholar-economists-also-breathe-sigh-of-relief-after-tariffs-blocked-by-court">expressed </a>their support for the ruling. Ilya Somin, the institute's Chair of Constitutional Studies, who was one of the co-counsels for the plaintiffs in the case, said the decision makes it clear that "the President was wrong to claim a virtually unlimited power to impose tariffs.&#8221;
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/05/45661506/bitcoin-dogecoin-dip-ethereum-gains-as-court-strikes-down-trumps-tariffs-analyst-anticipates-btc-all-time-high-in-a-couple-of-days-if-this-happens" target="_blank" rel="noreferrer noopener">Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump&#8217;s Tariffs: Analyst Anticipates BTC All-Time High &#8216;In A Couple Of Days&#8217; If This Happens &#8211; Grayscale Bitcoin Mini Trust (BTC) Common uni</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

China Tells US To 'Entirely' Revoke 'Wrongful Unilateral' Tariffs After Court Blocks Trump's 'Liberation Day' Levies

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang said that he believes Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Optimus <a href="https://www.benzinga.com/markets/equities/25/05/45536080/elon-musk-says-teslas-optimus-can-learn-tasks-by-watching-youtube-videos-just-like-a-human">humanoid robot</a> could be the first to reach mass adoption and trigger a multi-trillion-dollar industry.
What Happened: Speaking with Bloomberg News on Wednesday, Huang was asked about Tesla's expanding relationship with Nvidia and its potential in robotics, artificial intelligence and autonomous systems.
In response, Huang praised Elon Musk and called him "an extraordinary engineer."
"I love working with him," he said, adding, "We&#8217;ve built some amazing computers together. We&#8217;re going to build many more computers together."
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548615/alphabet-well-positioned-for-google-search-dominance-analyst-says-can-navigate-the-shift-to-ai-search" target="_blank" rel="noreferrer noopener">Alphabet ‘Well Positioned&#8217; For Google Search Dominance: Analyst Says Can ‘Navigate The Shift To AI Search&#8217;</a>
What Musk is doing across his ventures, including Grok, his self-driving car initiatives and the Optimus robot, Huang described as world-class, revolutionary, and full of massive potential.
He then underscored Optimus, saying, "This is the first robot that really has a chance to achieve the high volume and technology scale necessary to advance technology," adding, "I think this is likely to be the next multi-trillion dollar industry."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Earlier this year, Musk said Tesla plans to produce several <a href="https://www.benzinga.com/25/01/43325888/tesla-likely-to-sell-optimus-to-rival-companies-in-2026-price-point-of-humanoid-robot-to-be-detemined-by-demand-says-ceo-elon-musk">thousand units of its Optimus humanoid</a> robot in 2025 for using it internally. Feedback gained from these deployments will help shape the next version, expected to launch in 2026.
Meanwhile, on Wednesday, <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">Nvidia also reported first-quarter revenue</a> of $44.1 billion, marking a 69% increase year-over-year and a 12% rise from the previous quarter. The results surpassed Wall Street's consensus estimate of $43.2 billion.
Nvidia has issued guidance for second-quarter revenue at $45.0 billion, plus or minus 2%. This outlook factors in an $8.0 billion loss in H20 revenue resulting from export restrictions.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Nvidia CEO Jensen Huang &#x7C; Bloomberg Technology Special" width="500" height="281" src="https://www.youtube.com/embed/GjXag-NB1HM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Price Action: Nvidia shares climbed 5.14% in the pre-market session on Thursday, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Meanwhile, Benzinga Edge Stock Rankings awarded NVDA an impressive growth score of 98.75%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other top-performing stocks</a> like Tesla.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29050734/Screenshot-2025-05-29-at-7.06.23%E2%80%AFAM-3.png" alt="" class="wp-image-931138" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar" target="_blank" rel="noreferrer noopener">Why Google&#8217;s Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: ‘I Have Quite A High Bar&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

Media

TSLA

Tesla's Optimus May Be The First Humanoid Robot To Achieve High Volume And Tech Scale, Says Nvidia CEO Jensen Huang: '... Likely To Be The Next Multi-Trillion Dollar Industry'

Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) announced on Wednesday its acquisition of Enosemi, a move aimed at accelerating <a target="_blank" href="https://www.benzinga.com/topic/amd" rel="noreferrer noopener">co-packaged optics innovation for AI systems</a>.
The financial terms of the deal remain undisclosed.
Enosemi, previously an external development partner in photonics, will now join AMD to scale the development and support of photonics and co-packaged optics solutions for <a target="_blank" href="https://www.amd.com/en/blogs/2025/amd-acquires-enosemi-to-accelerate-co-packaged-optics-innovation.html" rel="noreferrer noopener">next-generation AI systems</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45548891/amd-could-see-eps-upside-by-2027-despite-nvidias-over-80-market-share-analyst" rel="noreferrer noopener">AMD Could See EPS Upside By 2027 Despite Nvidia&#8217;s Over 80% Market Share: Analyst</a>
Enosemi, based in Silicon Valley, has a proven track record of building and shipping photonic integrated circuits in volume, making it an ideal fit for AMD as it pushes deeper into high-performance interconnect innovation.
AMD has been building a portfolio to address the rapidly evolving needs of AI, from foundational silicon to systems-level integration. That journey has included integrating Xilinx&#8217;s AI Engines and adaptive SoC technologies, adding advanced data movement and networking capabilities through Pensando, building a software team with the additions of Silo AI and Mipsology, and scaling complete rack-level system design with the latest acquisition of ZT Systems.
AMD held $6.06 billion in <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45237261/amd-q1-earnings-revenue-eps-beat-driven-by-expanding-data-center-ai-momentum-chipmaker-expects-strong-growth-in-2025" rel="noreferrer noopener">cash and equivalents</a> as of March 29, 2025.
AMD reported first-quarter revenue of $7.44 billion, up 36%, beating&nbsp;analyst estimates of $7.13 billion. The chipmaker reported first-quarter adjusted earnings of 96 cents per share, beating analyst estimates of 94 cents per share. Gross margin came in at 54% in the quarter.&nbsp;
AMD expects second-quarter revenue of approximately $7.4 billion, plus or minus $300 million versus analyst consensus estimate of $7.24 billion. AMD anticipates a second-quarter adjusted gross margin of 43%, which includes an approximate $800 million impact in charges related to inventory due to new export controls.
Price Action: AMD stock is trading higher by 3.38% to $116.66 premarket at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/25/05/45542185/amd-unveils-powerful-new-ai-gaming-chips-at-computex-to-challenge-nvidia" target="_blank" rel="noreferrer noopener">AMD Unveils Powerful New AI, Gaming Chips At Computex To Challenge Nvidia</a></li>
</ul>
Image by sdx15 via Shutterstock

AMD Deepens AI Ecosystem With Enosemi Acquisition

Polymarket bettors profited handsomely after a federal court struck down President Donald Trump's "Liberation Day" tariffs on Wednesday.
What happened: The betting contract <a href="https://polymarket.com/event/will-courts-block-trumps-tariffs-before-june?tid=1748505589796">titled</a>, "Will courts block Trump&#8217;s tariffs before June?" resolved to "Yes" on the decentralized prediction platform. The odds soared dramatically from just 4% before the announcement to 100%
As a result, traders who had purchased "Yes" shares saw their profits balloon.
A user named Eridpnc, who had purchased 3,008 "Yes" shares at an average price of $0.32, saw his position increase to $3,008, resulting in a profit of $2,046.99, or 212%.
Similarly, a person using the alias todamoon, who purchased 1,488 shares at an average price of $0.33, earned a profit of $989.58, or 198.67%.
While these players had been holding the shares for some time, a handful joined the market shortly before the announcement and made whopping gains.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>
Darcy907 <a href="https://polymarket.com/profile/0xfb9464bf1225e7b0415af45bc30c560c2c3c3bf9?tab=positions">bought </a>28 shares Wednesday afternoon when the odds were just 4%. Grabbing them at an average price of $0.04, the trader made 2280.95% in profit after the market resolved.
Polymarket, based on Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>), allows users to buy &#8220;Yes&#8221; and &#8220;No&#8221; shares in USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>). The shares representing the correct outcome are paid out $1 USDC each upon market resolution.
Note that Polymarket is not<a href="https://www.benzinga.com/24/11/41838037/will-polymarket-return-to-the-us-after-getting-trump-victory-right-ceo-says-its-part-of-the-plan"> available to U.S. residents</a> due to regulatory restrictions.
Why It Matters: These gains come after a court <a href="https://www.benzinga.com/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">blocked Trump's sweeping "Liberation Day" tariffs</a>, a move that could potentially halt the administration's trade policies.
The court's ruling, which emerged from two separate cases, nullifies the tariffs Trump had enforced using the 1977 International Emergency Economic Powers Act, a statute never previously applied in tariff situations.
The ruling has led to a <a href="https://www.benzinga.com/25/05/45661057/us-stock-futures-spike-retail-stocks-wmt-amzn-shop-tgt-surge-higher-as-court-blocks-trump-tariffs-nikkei-opens-higher">rally in U.S. stock futures</a>, with the Dow rallying over 400 points.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45611404/anthony-scaramucci-remains-firm-on-bitcoin-as-the-best-investment-idea-even-as-the-largest-crypto-hovers-around-109000">Anthony Scaramucci Remains Firm On Bitcoin As The Best Investment Idea Even As The Largest Crypto Hovers Around $109,000</a></li>
</ul>
Photo: Shutterstock

$POL

$USDC

Polymarket Traders Score Big As Court Blocks Trump Tariffs—New Entrant Walks Away With 2280% Profit

Shares of NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose sharply in today's pre-market trading after the company <a href="https://www.benzinga.com/quote/NVDA/earnings">posted first-quarter results.</a>
The company reported first-quarter revenue of $44.1 billion, up 69% year-over-year and up 12% from the fourth quarter. The revenue beat a Street consensus estimate of $43.2 billion. Nvidia reported adjusted earnings of 81 cents per share in the first quarter. Nvidia said it sees second-quarter revenue of $45.0 billion, +/- 2%. The guidance includes the loss of $8.0 billion in H20 revenue due to the export controls.
Nvidia shares jumped 5.6% to $142.31 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>NanoVibronix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAOV#NASDAQ">NAOV</a>) rose 61.3% to $1.38 in pre-market trading after dipping 27% on Wednesday.</li>
<li>Graphjet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTI#NASDAQ">GTI</a>) surged 58.2% to $0.2102 in pre-market trading after falling 17% on Wednesday.</li>
<li>HeartCore Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) jumped 40.5% to $0.8146 in pre-market trading after gaining around 4% on Wednesday. Heartcore Enterprises recently reported a year-over-year decrease in first-quarter financial results.</li>
<li>Healthcare Triangle, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCTI#NASDAQ">HCTI</a>) surged 34.4% to $0.0078 in pre-market trading after falling 3% on Wednesday. Healthcare Triangle recently reported a year-over-year decrease in first-quarter sales results.</li>
<li>Polyrizon Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLRZ#NASDAQ">PLRZ</a>) shares jumped 29.2% to $1.33 in pre-market trading after jumping 59% on Wednesday.</li>
<li>Imunon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMNN#NASDAQ">IMNN</a>) climbed 23.1% to $1.87 in pre-market trading. Imunon announced the closing of up to $9.75 million at-the-market private placement under Nasdaq rules.</li>
<li>ORIC Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIC#NASDAQ">ORIC</a>) gained 19.6% to $7.14 in pre-market trading after the company announced preliminary efficacy and safety data from its ongoing Phase 1b trial of ORIC-944. Additionally, the company announced a $125 million private placement, which was priced at an 18% premium to its 10-day trailing volume-weighted average price.</li>
<li>C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) rose 17.7% to $27.09 in pre-market trading after the company reported fourth-quarter financial results and beat its adjusted EPS and revenue estimates.</li>
<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) gained 16.8% to $274.00 in pre-market trading following better-than-expected quarterly sales.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Elong Power Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELPW#NASDAQ">ELPW</a>) shares fell 70.5% to $1.03 in pre-market trading after dipping more than 30% on Wednesday.</li>
<li>Brooge Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BROG#NASDAQ">BROG</a>) fell 59.1% to $1.74 in pre-market trading. Brooge Energy announced voluntarily delisting from the Nasdaq.</li>
<li>Super League Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) shares dipped 29.6% to $0.1500 in pre-market trading after the company announced the launch of a proposed public offering.</li>
<li>Safe &amp; Green Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) fell 17% to $1.03 in pre-market trading after jumping 124% on Wednesday.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares tumbled 16.8% to $1.87 in pre-market trading. NWTN received Nasdaq Staff delisting determination for non-compliance with listing rule 5250(c)(1).</li>
<li>Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) declined 16% to $1.84 in pre-market trading. Signing Day Sports shares jumped 164% on Wednesday after announcing a business combination agreement with BlockchAIn to acquire 100% of the company and form a crypto mining, AI, and high-performance computing data hosting company.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) dipped 16% to $0.63 in pre-market trading after gaining more than 10% on Wednesday.</li>
<li>SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) fell 13.7% to $16.98 in today's pre-market trading after the company reported first-quarter results and lowered its FY2026 sales guidance.</li>
<li>Intellia Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>) shares fell 12.4% to $8.46 in pre-market trading.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) fell 7.8% to $25.08 in pre-market trading after the company reported worse-than-expected second-quarter adjusted EPS results and issued third-quarter adjusted EPS guidance below estimates.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/markets/25/05/45641430/jim-cramer-says-this-quantum-computing-stock-is-so-high-and-too-speculative">Jim Cramer Says This Quantum Computing Stock Is &#8216;So High&#8217; And &#8216;Too Speculative&#8217;</a> </li>
</ul>
Photo via Shutterstock

Trading Ideas

ASNS

BROG

ELPW

HCTI

HTCR

IMNN

NAOV

NTLA

NWTN

ORIC

PLRZ

SGBX

VEEV

Why Nvidia Shares Are Trading Higher By Over 5%; Here Are 20 Stocks Moving Premarket

The President Donald Trump administration announced plans to aggressively revoke visas for Chinese students studying in the United States, specifically targeting those with Chinese Communist Party connections or studying in critical fields. 
What Happened: Secretary of State Marco Rubio said in a Wednesday statement that the administration will &#8220;aggressively revoke visas for Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields.&#8221; Rubio added that visa criteria will be revised to &#8220;enhance scrutiny of all future visa applications from the People&#8217;s Republic of China and Hong Kong.&#8221;
The State Department ordered U.S. embassies worldwide to stop scheduling new student visa appointments as it prepares to expand social media vetting procedures, according to an internal <a href="https://www.cbsnews.com/news/trump-administration-halting-student-visa-appointments-ahead-of-expanded-social-media-vetting/?utm_source=chatgpt.com">memo</a> reviewed by CBS News. 
According to U.S. State Department <a href="https://opendoorsdata.org/data/international-students/all-places-of-origin/">data</a> compiled by the Institute of International Education, approximately 280,000 Chinese students were studying in the U.S. last year, a number that has declined in recent years.
The administration has already terminated Harvard University&#8217;s ability <a href="https://www.benzinga.com/media/25/05/45601769/trumps-tax-bill-harvards-international-student-ban-and-musks-ai-in-government-this-week-in-politics">to enroll international students,</a> with Homeland Security Secretary Kristi Noem alleging the university fostered &#8220;violence, antisemitism, and coordinating with the Chinese Communist Party.&#8221; Harvard enrolled nearly 6,800 international students in 2024-2025.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45663478/tesla-institutional-investors-demand-elon-musks-40-hours-a-week-commitment-amid-company-crisis-urge-succession-plan-for-top-execs">Tesla Institutional Investors Demand Elon Musk&#8217;s 40 Hours A Week Commitment Amid Company&#8217;s Crisis,&#8217; Urge Succession Plan For Top Execs</a>
Why It Matters: International students contributed nearly<a href="https://www.benzinga.com/personal-finance/25/04/44988134/44-billion-at-risk-trumps-crackdown-on-international-students-threatens-u-s-higher-ed-and-economy"> $44 billion to the U.S. economy </a>last year and supported 378,000 jobs, according to NAFSA data. Universities rely heavily on international student tuition revenue, with many institutions using these funds to subsidize domestic student costs.
The administration has already <a href="https://www.benzinga.com/personal-finance/25/04/44988134/44-billion-at-risk-trumps-crackdown-on-international-students-threatens-u-s-higher-ed-and-economy">revoked over 1,500 student visas</a> across 222 schools, creating uncertainty for institutions from elite universities to public colleges. Legal challenges are pending, with students claiming the Department of Homeland Security acted without proper justification or due process procedures. Read Also:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity">Kevin O&#8217;Leary Wants To Teach Every CEO How To Use AI And He&#8217;s Hiring People To Do It: &#8216;You&#8217;ll Have Job Security For Life&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Drazen Zigic/Shutterstock

Education

Politics

Global

Trump Administration To Revoke Visas Of Chinese Students Tied To CCP Or Critical Fields, Tightens Screening

In a recent interview,&nbsp;General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) CEO&nbsp;Mary Barra&nbsp;expressed her support for the auto tariffs imposed by President&nbsp;Donald Trump, citing the unfair competition faced by U.S. automakers in the global market.
What Happened: Barra, in an interview <a href="https://www.wsj.com/business/autos/general-motors-ceo-defends-trump-auto-tariffs-d6f15ab9?ref=biztoc.com">at</a> The Wall Street Journal&#8217;s Future of Everything event, justified Trump&#8217;s tariffs, arguing that American car manufacturers face an unfair disadvantage because of foreign government subsidies and tax policies.
&#8220;For&nbsp;decades now, it has not&nbsp;been a level playing field&nbsp;for us automakers globally, with&nbsp;either tariffs or non-tariff trade&nbsp;barriers. So I think tariffs&nbsp;is one tool that the&nbsp;administration can use to level&nbsp;the playing field,&#8221; Barra said.
She also acknowledged an improvement in her relationship with Trump during his second term—a notable change for GM, which had previously clashed with the White House over its investments in foreign factories and electric vehicles, both of which ran counter to Trump's policies.
Barra also commended the administration for permitting tariff-free imports of parts from Canada and Mexico, as outlined in the free-trade agreement signed during Trump's first term. She remarked, "They've taken the time to understand our industry."
SEE ALSO: <a href="https://benzinga.com/trading-ideas/movers/25/05/45661506/bitcoin-dogecoin-dip-ethereum-gains-as-court-strikes-down-trumps-tariffs-analyst-anticipates-btc-all-time-high-in-a-couple-of-days-if-this-happens" target="_blank" rel="noreferrer noopener">Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump&#8217;s Tariffs: Analyst Anticipates BTC All-Time High &#8216;In A Couple Of Days&#8217; If This Happens &#8211; Grayscale Bitcoin Mini Trust (BTC) Common uni</a> 
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Why It Matters: GM&#8217;s support for Trump&#8217;s auto tariffs comes at a time when the company is grappling with tariff-related costs. The company could face tariffs of up to $5 billion because nearly half of the vehicles it sells in the U.S. are manufactured in overseas assembly plants. In April, GM&#8217;s CEO also had to <a href="https://www.benzinga.com/news/earnings/25/04/45065788/general-motors-margins-weaken-amid-tariff-uncertainty-ceo-barra-delays-conference-call-on-guidance-uncertainty">delay </a>an earnings call due to weakening margins amid tariff uncertainty.
That being said, GM&#8217;s EV sales have <a href="https://www.benzinga.com/25/05/45581386/gm-ev-sales-surge-in-the-us-amid-5-billion-blow-from-donald-trumps-automotive-tariffs">surged </a>in the U.S. despite these tariffs. The company accounted for over 14.4% of all new EVs sold in the U.S. in April 2025.
Notably, the auto giant has shown commitment to its traditional combustion engine vehicles, with a recent&nbsp;<a href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share">$888 million investment</a>&nbsp;in its Tonawanda Propulsion facility, where it manufactures V-8 engines.
According to Benzinga Edge Stock Rankings, General Motors has a quality score of 78.73% and a momentum rating of 57.28%. Click <a href="https://www.benzinga.com/quote/GM">here </a>to see how it compares to other leading tech companies.
The GM stock declined 1.96% to close at $48.13 on Wednesday.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/tech/25/05/45661246/warren-buffett-loves-sees-candies-but-even-he-cant-get-the-brand-to-succeed-nationwide-heres-why" target="_blank" rel="noreferrer noopener">Warren Buffett Has Discovered There&#8217;s No Accounting For Tastes Through Berkshire&#8217;s Candy Company: &#8216;There Are All Kinds Of Crazy Things In The World That Consumers Do&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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