Últimas noticias sobre aTyr Pharma (NASDAQ:ATYR) Bolsa

aTyr Pharma

aTyr Pharma Inc is a biotherapeutics company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform. The company has concentrated its research and development efforts on a newly discovered area of biology, the extracellular functionality and signaling pathways of tRNA synthetases. Its primary focus is efzofitimod, a clinical-stage product candidate which targets NRP2 to resolve chronic inflammation that can lead to fibrosis. Efzofitimod has a novel mechanism of action for potentially treating lung inflammation and fibrosis.

aTyr Pharma Inc

Amid escalating trade tensions with the US, Canada is reassessing its multi-billion dollar order for F-35 fighter jets from Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>).
What Happened: Canada is actively exploring alternative options to the U.S.-manufactured F-35 stealth fighter and plans to engage in discussions with competing aircraft manufacturers, Defence Minister Bill Blair stated late Friday, according to a post <a href="https://www.cbc.ca/news/politics/f35-blair-trump-1.7484477">by</a> CBC News.
As reported by <a href="https://breakingdefense.com/2025/03/canada-says-its-reconsidering-multibillion-dollar-f-35-buy-as-trump-ratchets-up-trade-war/">Breaking Defense</a>, the Canadian military is not canceling but reevaluating its contract with Lockheed Martin for the purchase of F-35 fighter jets, as directed by the new Prime Minister, Mark Carney.
In June 2023, the Liberal government finalized a contract with U.S. defense giant Lockheed Martin to acquire 88 F-35 jets in a deal worth C$19 billion ($14.2 billion). The Canadian government has committed to the purchase of the first 16 aircraft but is actively reconsidering the rest of the order. 
&#8220;It was the fighter jet identified by our air force as the platform that they required, but we are also examining other alternatives — whether we need all of those fighter jets to be F-35,&#8221; the defense minister told CBC News. 
This move could potentially open doors for other competitors like Sweden&#8217;s Saab, whose Gripen fighter was previously outmatched by the F-35. In response, Rebecca Miller, Lockheed Martin&#8217;s director of&nbsp;global media relations stated, &#8220;Foreign military sales are government-to-government transactions, so anything further will be best addressed by the U.S. or respective customer governments.&#8221;
SEE ALSO: <a href="https://www.benzinga.com/markets/equities/25/03/44350873/nvidia-faces-new-ai-challenge-as-chinese-start-up-unveils-framework-to-cut-reliance-on-its-gpus">Nvidia Faces New AI Challenge As Chinese Start-Up Unveils Framework To Cut Reliance On Its GPUs</a>
Why It Matters: The re-evaluation of the F-35 order comes in the wake of a political tussle with the Trump administration over tariffs and threats of economic annexation. It also raises questions about potential major disruptions in the aircraft&#8217;s international supply chain. The development also follows Portugal&#8217;s decision to abandon its acquisition of the high-tech warplane. 
Furthermore, Canadian retailers have<a href="https://www.benzinga.com/25/03/44344954/canadian-grocers-boycott-us-products-as-tariffs-trumps-annexation-remarks-worsen-tensions-american-booze-is-gone-from-the-shelves"> begun boycotting U.S. products</a>, starting with non-essential items such as alcohol, in response to recent tariff disputes and annexation threats by U.S. President Donald Trump. This move is affecting various segments of the agricultural supply chain and is indicative of the shifting consumer behavior in Canada.
<ul>
<li>READ MORE:<a href="https://www.benzinga.com/media/25/03/44368717/chinas-deepseek-sparks-national-security-alarm-do-not-download-view-access-any-applications"> China&#8217;s DeepSeek Sparks National Security Alarm: &#8216;Do Not Download, View, Access Any Applications&#8230;&#8217;</a></li>
</ul>
The stock of Lockheed Martin Corp has surged more than 9% over the past month to close at $467.61 on Monday, as per <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

News

Global

Markets

Canada Re-Evaluates Lockheed's F-35 Order Amid US Trade Tensions: 'We Are Also Examining Other Alternatives'

Greenfire Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFR#NYSE">GFR</a>) reported quarterly earnings of C$1.09 per share. This is a 1657.14 percent increase over losses of C$(0.07) per share from the same period last year.

Earnings

Greenfire Resources Q4 2024 GAAP EPS C$1.09 Up From C$(0.07) YoY

<ul>
<li>Warren Foust Named President and Chief Operating Officer</li>
<li>Magda Michna, PhD Appointed Chief Development Officer</li>
<li>Deborah Andrews, STAAR's Chief Financial Officer from 2017- 2020, to serve as Interim Chief Financial Officer</li>
<li>Patrick F. Williams Steps Down as Chief Financial Officer</li>
<li>Keith Holliday Retires as Chief Technology Officer</li>
</ul>

STAA

Reported Earlier, Staar Surgical Realigns Executive Team; Warren Foust Named President & COO, Deborah Andrews Appointed Interim CFO

The Federal Open Market Committee&#8217;s meeting begins today and the market consensus expects the central bank to hold key interest rates in the range of 4.25% to 4.50%. Despite this, analysts believe that Chairman Jerome Powell could pivot to a measured stance while being on standby as the White House remains firm on its policies.
What Happened: According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 99% chance that the Federal Reserve will keep interest rates unchanged for the March meeting. However, the probability of ease increases to over 65% from June onwards and over 90% from September onwards.
According to Edward Yardeni, the President of Yardeni Research, the Fed remains on standby and expected to act if inflation is around the 2.0% target and President Donald Trump's policies lead the economy into a recession.
&#8220;The Trump Put may be kaput, but the Fed Put remains on standby,&#8221; he said.
When a sharp market decline risks economic damage, the &#8220;Fed put&#8221; implies the Federal Reserve will cut interest rates. The &#8220;Trump put,&#8221; on the other hand means that the administration would adjust its policies to avoid a downturn if market fears intensified.
&#8220;I am expecting a dovish FOMC statement that signals the Fed may be cutting soon. I am expecting the dot plot to signal two more key interest rate cuts this year,&#8221; said Louis Navellier, the chairman and CIO of Navellier &amp; Associates Inc. He foresees four key interest rate cuts in 2025 amid worldwide economic contraction.
Additionally, Eugenia Mykuliak, the founder and executive director at B2PRIME Group believes that &#8220;The hawkish tone of Fed Chair Jerome Powell may likely change into a more measured one as he has to cite the economic uncertainty — especially tariff uncertainty.&#8221;
See Also: <a href="https://www.benzinga.com/25/03/44353578/safe-haven-amidst-volatility-gold-tops-3000-as-market-corrects-but-it-tends-to-see-painful-drawdowns-after-periods-of-sharp-gains-says-expert">Safe Haven Amidst Volatility? Gold Tops $3000 As Market Corrects But It Tends To See &#8216;Painful Drawdowns After Periods Of Sharp Gains,&#8217; Says Expert</a>
Why It Matters: Analysts expect Trump to remain firm on his economic policies as he has dismissed the significance of the stock market in his recent comments. He has made statements saying "you can't really watch the stock market" and "markets are going to go up and they're going to go down."
Furthermore, Treasury Secretary Scott Bessent fueled concerns on Sunday, telling NBC he&#8217;s unfazed by the stock slump, calling corrections &#8220;healthy,&#8221; but warning there&#8217;s &#8220;no guarantee&#8221; the U.S. will avoid recession.
Meanwhile, while speaking at the <a href="https://www.benzinga.com/25/03/44213521/us-economic-slowdown-talk-of-the-town-says-economist-mohamed-el-erian-as-fed-chair-powell-reaffirms-growth-at-sol">University of Chicago</a> on March 7, Powell cited a solid labor market and near-target inflation, emphasizing the Fed&#8217;s dual mandate. He indicated the Fed will hold rates if inflation remains high, and cut them if employment weakens. Powell also stated that officials were not in a "hurry" to adjust interest rates.
Price Action: 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, rose on Monday. The SPY advanced 0.77% to $567.15, and the QQQ also jumped 0.65% to $482.77, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Tuesday, the futures of all four benchmark indices declined. Dow Jones was down 0.25%, whereas the S&amp;P 500 index dropped 0.33% and Nasdaq 100 fell by 0.44%. The small-cap gauge Russell 2000 declined 0.51%. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44354638/mark-cuban-advises-genz-to-spend-every-waking-minute-learning-about-ai-amid-disruption-heres-a-list-of-ai-investment-opportunities-for-long-term">Mark Cuban Advises GenZ To &#8216;Spend Every Waking Minute Learning About AI:&#8217; Here&#8217;s A List Of AI Investment Opportunities For Long Term</a></li>
</ul>
Photo courtesy: Shutterstock

Government

Economics

Federal Reserve

Fed Put On Standby, While Trump Put May Be Kaput? Analysts Expect Jerome Powell To Pivot To A Measured Stance Amid Economic Uncertainty

Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NASDAQ under the symbols "QSEA" and "QSEAR", respectively.

IPOs

QSEA

Reported Earlier, Quartzsea Acquisition Prices Upsized $72M Initial Public Offering Of 7.2M Units At $10/Unit

RKLB

Reported Earlier, Rocket Lab Successfully Completes Deployment Of Kinéis' 25-Satellite IoT Constellation In Under One Year

SoftBank Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) has signed an agreement with Perplexity to become an authorized reseller of Perplexity Enterprise Pro, leveraging its 7,000-member sales team to accelerate adoption across Japanese corporations.
What Happened: Perplexity CEO Aravind Srinivas announced the partnership Monday on X, noting that SoftBank&#8217;s decision followed internal adoption and evaluation against competing tools. This distribution agreement makes SoftBank the first authorized reseller of Perplexity Enterprise Pro and marks a significant milestone in Perplexity&#8217;s international expansion strategy.
&#8220;This partnership with SoftBank represents a key step in our global expansion strategy,&#8221; Perplexity stated in a blog post announcing the collaboration. The agreement builds upon an existing alliance between Perplexity, SoftBank, Y!Mobile, and LINEMO that began in June 2024.
Before offering Enterprise Pro to corporate clients, SoftBank implemented the solution across its internal teams over a six-month validation period. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Softbank has signed an agreement with Perplexity to be an authorized reseller of Perplexity Enterprise Pro and deploy their 7,000-member sales team to scale Perplexity&#39;s adoption in Japan. This comes after internally adopting Perplexity and evaluating it against other tools. &#x1f1ef;&#x1f1f5; <a href="https://t.co/uY9gMEj4d6">pic.twitter.com/uY9gMEj4d6</a>
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1901763358019482076?ref_src=twsrc%5Etfw">March 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44369830/jim-chanos-slams-palantir-management-for-continuing-to-ridicule-skeptics-while-executives-sell-328-million-worth-of-stock">Jim Chanos Slams Palantir Management For Continuing To &#8216;Ridicule&#8217; Skeptics While Executives Sell $328 Million Worth Of Stock</a>
Why It Matters: The partnership emerges amid SoftBank&#8217;s aggressive AI infrastructure expansion. Last week, SoftBank announced plans to acquire Sharp Corp&#8216;s LCD factory in Osaka Prefecture for approximately $676 million to develop a large-scale AI data center <a href="https://www.benzinga.com/media/25/03/44327422/softbank-to-build-676-million-ai-data-center-in-japan-linked-to-openai-partnership">with a 150-megawatt capacity by 2026</a>, supporting its strategic partnership with OpenAI.
SoftBank is reportedly negotiating a potential investment of $15-25 billion in OpenAI, which would make it the <a href="https://www.benzinga.com/25/03/44188361/nvidia-powers-openai-and-oracles-100-billion-stargate-first-ai-data-center-set-to-launch-in-texas">largest investor in the ChatGPT creator</a>, surpassing Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) $14 billion stake. The Japanese conglomerate is also participating in Project Stargate, a $500 billion joint venture with OpenAI and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) announced by President Donald Trump in January.
By implementing Perplexity Enterprise Pro, Japanese corporations will join over 7,000 organizations currently using the platform, including NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Databricks, Stripe, Zoom, and Snowflake, collectively executing nearly 20 million queries daily.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</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.

Short Sellers

Tech

MSFT

NVDA

ORCL

SFTBY

SoftBank Signs Agreement To Resell Perplexity Enterprise Pro, Deploying 7,000 Sales Members To Drive Adoption

In connection with the offering, Entergy entered into forward sale agreements with each of Morgan Stanley &amp; Co. LLC, Bank of America, N.A., JPMorgan Chase Bank, National Association and Mizuho Markets Americas LLC (with Mizuho Securities USA LLC acting as agent) (the "forward counterparties") under which Entergy agreed to issue and sell to the forward counterparties an aggregate of 15,568,863 shares of its common stock. In addition, the underwriters of the offering have been granted a 30-day option to purchase up to an additional 2,335,328 shares of Entergy's common stock upon the same terms, solely to cover any over-allotments. If the underwriters exercise their over-allotment option, Entergy expects to enter into additional forward sale agreements with the forward counterparties with respect to the additional shares.

Reported Earlier, Entergy Prices $1.3B Offering Of 15,568,863 Common Shares At $83.50 Per Share With Forward Sale Agreements

Buybacks

Embraer-Empresa Brasileira De Aeronautica

Reported Earlier, Embraer Announces Share Buyback Program For Up To 1.07M Shares Through March 2026

The whale who made heads turn with their overleveraged short bet on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has now opened a position worth $517 million, its highest ever.
What Happened: The investor placed its largest short ever on Bitcoin, amounting to 6,211 BTC, worth nearly $517 million, according to on-chain tracker Spot On Chain. 
The position was opened at an <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44348215/bitcoin-whale-takes-332-million-short-position-heres-where-it-gets-liquidated">entry price of $83,898</a> on decentralized perpetual trading platform Hyperliquid, and the trader was sitting on an unrealized profit of $5.95 million as of this writing. Should Bitcoin hit $85,557, which is just 2.9% away from the current price, the entire position will be wiped out.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Update: The &quot;50x ETH&quot; whale is now in its biggest short ever—6,211 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> ($517M)! • Entry price: $83,898 • Margin: $17.8M bridged to <a href="https://twitter.com/hashtag/Hyperliquid?src=hash&amp;ref_src=twsrc%5Etfw">#Hyperliquid</a> over 3 days, now fully allocated to this position • Liquidation price: $85,559 • Unrealized profit: $4.54M Meanwhile, the whale… <a href="https://t.co/sZHkKIXMAu">https://t.co/sZHkKIXMAu</a> <a href="https://t.co/8IjPQDxhTK">pic.twitter.com/8IjPQDxhTK</a>
&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1901811828407361834?ref_src=twsrc%5Etfw">March 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The high-risk strategy attracted reactions from the cryptocurrency community.
Widely followed market commentator That Martini Guy ₿ argued that the whale is aware that its trades and liquidation price are visible and that people would buy BTC to liquidate it.
&#8220;I would expect he has a much larger long position on the exchanges that you can&#8217;t see,&#8221; the analyst added. &#8220;Whales aren't dumb.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The huge whale that keeps trading on Hyperliquid knows you can see his trades and liquidation price He knows a bunch of people will buy to try and liquidate him I would expect he has a much larger long position on the exchanges that you cant see Whales arn't dumb.
&mdash; That Martini Guy ₿ (@MartiniGuyYT) <a href="https://twitter.com/MartiniGuyYT/status/1901710524733173975?ref_src=twsrc%5Etfw">March 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This high-stakes gamble comes even as Bitcoin <a href="https://www.benzinga.com/25/03/44368801/bitcoin-ethereum-dogecoin-mirror-stocks-gains-analyst-explains-why-btcs-open-interest-decline-is-important-for-bullish-continuation">rose to an intraday high of $84,700</a> Monday before retreating to the $83,000 zone due to profit-taking. 
About $182 million was liquidated from the cryptocurrency market in the last 24 hours, with short positions accounting for more than 50%, <a href="https://www.coinglass.com/LiquidationData">according</a> to Coinglass.
Given these trends, the whale&#8217;s record short position is a bold move that could have significant implications for the cryptocurrency market.
Price Action: At the time of writing, Bitcoin was exchanging hands at $83,085.48, down 0.59% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Benzinga Note: Leverage trading allows cryptocurrency traders to open larger positions using borrowed capital. While it can potentially amplify profits, it also significantly increases the risk of substantial losses due to the volatile nature of the cryptocurrencies.
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BTC

Record-Breaking $517 Million Bitcoin Short Placed By Influential Whale—Analyst Says The Investor Isn't Dumb

McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) reported quarterly losses of $(0.86) per share. This is a 174.14 percent decrease over earnings of $1.16 per share from the same period last year. The company reported $174.50 million in sales this quarter. This is a 4.99 percent increase over sales of $166.20 million the same period last year.

McEwen Mining FY 2024 GAAP EPS $(0.86) Down From $1.16 YoY, Sales $174.50M Up From $166.20M YoY

HIVE

HIVE Digital Eyes 3% Global Network Share By September 2025 With 200 MW Hydro-Powered Paraguay Facility

FINV

FinVolution's 2024 Surge: $1.8B Revenue, $28B In Loans, And A Bold AI-Driven Vision For Global Financial Access

On The Late Show with Stephen Colbert, LinkedIn co-founder and tech entrepreneur Reid Hoffman voiced concern about Elon Musk's growing influence over <a href="https://in.benzinga.com/news/25/02/43426165/elon-musks-daily-4-billion-doge-target-will-lead-to-30-cut-in-federal-spending-says-economist-jason-furman">U.S. government operations</a>, warning that treating public service like a startup could come with serious consequences.
What Happened: Hoffman appeared on the show earlier this month to discuss his new book, "Superagency: What Could Possibly Go Right With Our AI Future."&nbsp;
The conversation took a more political turn when Colbert asked about Musk's prominent role in government through the Department of Government Efficiency, or DOGE.
"Government and companies are not the same," Hoffman said to applause from the audience. "The way that you run government shouldn't be the same as running companies."
See Also:&nbsp;<a href="https://in.benzinga.com/news/25/03/44312626/sam-altman-warns-ai-will-be-deflationary-but-says-openais-biggest-constraint-isnt-data-or-demand-its" target="_blank" rel="noreferrer noopener">Sam Altman Warns AI Will Be Deflationary, But Says OpenAI's Biggest Constraint Isn't Data Or Demand, It's GPUs</a>
Hoffman, who praised innovation and entrepreneurship throughout the segment, made it clear that while he believes in private-sector efficiency, he draws a sharp line between business tactics and democratic governance.&nbsp;
"We want government efficiency," he added, "but obviously we can do it in a much less cruel and much more lawful manner."
During their wide-ranging discussion, Hoffman and Colbert also touched on the future of AI, the creative power of AI tools like ChatGPT, China's fast-moving AI developments including DeepSeek, and Hoffman's own AI clone that can deliver speeches in multiple languages.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">COLBERT: "You know Elon. Should we trust what&#39;s going on?" HOFFMAN: "We want government efficiency. But we could do it in a much less cruel, and much more lawful manner." <a href="https://t.co/OmAIeAObw7">pic.twitter.com/OmAIeAObw7</a>
&mdash; Chief Nerd (@TheChiefNerd) <a href="https://twitter.com/TheChiefNerd/status/1901091219557556278?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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: Musk <a href="https://in.benzinga.com/markets/25/02/43690690/elon-musk-urges-trump-to-delete-entire-agencies-as-doge-lead-calls-for-radical-us-spending-cuts-remove-the-roots-of-the-weeds">currently leads DOGE</a>, a controversial advisory body created by executive order under President Donald Trump to cut government spending and reduce the federal workforce.
Though not an official agency, DOGE has been given <a href="https://in.benzinga.com/news/25/03/44143475/trumps-u-s-doge-service-claims-65b-in-savings-experts-call-it-smoke-and-mirrors-amid-resignations">access to federal departments</a>. The department reportedly saved $65 billion, but experts have dismissed these claims as "<a href="https://in.benzinga.com/news/25/03/44143475/trumps-u-s-doge-service-claims-65b-in-savings-experts-call-it-smoke-and-mirrors-amid-resignations">smoke and mirrors</a>" amid a surge in resignations.
While some Americans support cost-cutting efforts, critics warn that Musk's approach undermines government transparency and institutional checks. DOGE has already faced <a href="https://in.benzinga.com/news/25/02/43578729/court-halts-musks-doge-squad-from-gaining-access-to-treasury-payment-systems-a-risk-of-irreparable-harm">legal challenges</a> and allegations of ideological targeting.
Previously, Apple co-founder Steve Wozniak also criticized DOGE for its broad <a href="https://in.benzinga.com/25/03/44160018/apple-co-founder-steve-wozniak-blasts-doges-mass-firings-says-musk-led-cuts-are-like-using-a-sledgehammer-instead-of-a-scalpel">approach to mass layoffs</a>.
Photo: iQoncept via Shutterstock
Check out more of Benzinga'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:
<ul>
<li><a href="https://in.benzinga.com/markets/equities/25/03/44240048/openai-secures-near-12-billion-coreweave-deal-taking-stake-in-cloud-firm-ahead-of-35-billion-ipo-to-reportedly-reduce-microsoft-dependence" target="_blank" rel="noreferrer noopener">OpenAI Secures Near-$12 Billion CoreWeave Deal, Taking Stake In Cloud Firm Ahead Of $35 Billion IPO To Reportedly Reduce Microsoft Dependence</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

LinkedIn Co-Founder Reid Hoffman Pours Cold Water On Elon Musk's DOGE Moves: 'Government And Companies Are Not The Same'

Renowned short-seller Jim Chanos has taken aim at Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) executives for what he perceives as hypocrisy in their public messaging versus private actions.
What Happened: &#8220;Palantir management continues to ridicule the skeptics on their stock price&#8230;while they keep selling material amounts of shares,&#8221; Chanos wrote on X, responding to news of significant insider selling.
Stephen Cohen, Palantir&#8217;s President, and Co-founder executed a substantial stock sale between Mar. 12-17, divesting 4.06 million shares worth approximately $328 million, according to The U.S. Securities and Exchange Commission filings.
The data analytics company, known for its software used by intelligence agencies and commercial clients, has drawn investor attention due to these large transactions, particularly given its premium valuation metrics. 
Palantir currently trades at a price-to-earnings ratio of 463, while the stock has declined nearly 30% over the past month, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24PLTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PLTR</a> management continues to ridicule the skeptics on their stock price…while they keep selling material amounts of shares. <a href="https://t.co/mMpPtPq24K">https://t.co/mMpPtPq24K</a>
&mdash; James Chanos (@RealJimChanos) <a href="https://twitter.com/RealJimChanos/status/1901751581017612695?ref_src=twsrc%5Etfw">March 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/media/25/03/44368717/chinas-deepseek-sparks-national-security-alarm-do-not-download-view-access-any-applications">China&#8217;s DeepSeek Sparks National Security Alarm: &#8216;Do Not Download, View, Access Any Applications&#8230;&#8217;</a>
Why It Matters: This criticism comes amid a broader market debate about Palantir&#8217;s growth prospects. Martin Shkreli, the controversial former hedge fund manager, recently questioned but ultimately defended Palantir&#8217;s projections. Shkreli challenged the common analysis that <a href="https://in.benzinga.com/markets/equities/25/03/44294672/palantirs-4-million-arpc-estimate-flawed-says-pharma-bro-martin-shkreli-but-i-wouldnt-bet-against-them">only about 20,000 companies</a> can afford Palantir&#8217;s $4 million data analytics suite, arguing that the software might generate positive returns regardless of budget constraints, and that per-seat pricing could expand market reach.
Despite these discussions, Palantir has <a href="https://www.benzinga.com/markets/equities/25/03/44212796/palantir-joins-sp-100-after-ai-driven-rally-stock-surges-almost-60-since-trump-victory">performed well since November</a>, surging over 55% following President Donald Trump&#8216;s election victory. The company was recently added to the S&amp;P 100 index, replacing Dow Inc., effective Mar. 24.
Recent <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">analyst price targets</a> from Wedbush Securities, Loop Capital, and Citigroup average $123.67, suggesting a 46% upside potential from current levels, despite Shkreli&#8217;s acknowledgment of competitive threats from Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), Databricks, and AI startups.
<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/18010717/Screenshot-2025-03-18-at-10.36.32%E2%80%AFAM.png" alt="" class="wp-image-828614" style="width:606px;height:auto" /></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</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.

PLTR

SNOW

Jim Chanos Slams Palantir Management For Continuing To 'Ridicule' Skeptics While Executives Sell $328 Million Worth Of Stock

Changpeng Zhao, the founder of the world's biggest cryptocurrency exchange Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), advised artificial intelligence agent services to focus on utility rather than launching their own coins on Monday.
What Happened: Zhao, popularly known as CZ, posted his &#8220;unpopular opinion&#8221; on AI agents and their connection to the cryptocurrency world. 
&#8220;While crypto is the currency&nbsp;for AI, not every agent&nbsp;needs its own token,&#8221; CZ stated. &#8220;Launch a coin only if you have scale. Focus on utility, not tokens.&#8221;
Binance&#8217;s former CEO added that agents can utilize existing cryptocurrencies to get paid for the services they provide.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On AI agents, I have an unpopular opinion: While crypto is the currency for AI, not every agent needs its own token. Agents can take fees in an existing crypto for providing a service. Launch a coin only if you have scale. Focus on utility, not tokens.&#x1f64f;
&mdash; CZ &#x1f536; BNB (@cz_binance) <a href="https://twitter.com/cz_binance/status/1901542080649781487?ref_src=twsrc%5Etfw">March 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
CZ&#8217;s remarks invited reactions, with influential cryptocurrency analyst Benjamin Cowen presenting the same argument, although this time about cryptocurrency exchanges collecting fees in existing tokens rather than launching their own tokens. The retort appeared to be directed at Binance&#8217;s exchange token, BNB.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363340/crypto-leaders-step-up-pressure-on-sec-as-trumps-policies-reshape-regulatory-landscape">Crypto Leaders Step Up Pressure On SEC As Trump&#8217;s Policies Reshape Regulatory Landscape</a>
Why It Matters: Zhao&#8217;s viewpoint comes at a time when the AI agent cryptocurrency market is experiencing significant contraction.
According to Coingecko, the market cap of AI agent coins has <a href="https://www.coingecko.com/en/categories/artificial-intelligence#key-stats">plunged</a> 67% year-to-date, while its share in the AI market has shrunk from 67% to 45.52% as of this writing. Key AI agent coins such as Artificial Super Intelligence (FET) and ai16z (AI16Z) have fallen 60% and 88%, respectively, since 2025 began.
It&#8217;s worth noting that the AI agent bot market is expanding, with these virtual agents becoming increasingly adept at problem-solving. Additionally, the <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43946285/ai-market-growth-this-niche-will-expand-44-by-2030-while-web3-ai-skyrockets-89-7">Web3 AI sector</a> is projected to grow by a staggering 89.7%, outpacing the overall AI market&#8217;s 44% growth by 2030.
Photo: Koshiro Kao via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>

$BNB

Changpeng 'CZ' Zhao Says He Has An 'Unpopular Opinion' On Using Crypto For AI Fees: 'Not Every Agent Needs Its Own Token'

A new study suggests artificial intelligence has officially passed the meme Turing Test, with large language models now generating memes rated funnier than those created by the average human.
What Happened: Ethan Mollick, a professor at the Wharton School of the University of Pennsylvania, posted on X Monday, declaring, "I regret to announce that the meme Turing Test has been passed."
"LLMs produce funnier memes than the average human, as judged by humans," he said, adding, "Humans working with AI get no boost… The best human memers still beat AI, however."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I regret to announce that the meme Turing Test has been passed. LLMs produce funnier memes than the average human, as judged by humans. Humans working with AI get no boost (a finding that is coming up often in AI-creativity work) The best human memers still beat AI, however. <a href="https://t.co/O0sl5GRQNd">pic.twitter.com/O0sl5GRQNd</a>
&mdash; Ethan Mollick (@emollick) <a href="https://twitter.com/emollick/status/1901431681279475808?ref_src=twsrc%5Etfw">March 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://in.benzinga.com/news/25/03/44312626/sam-altman-warns-ai-will-be-deflationary-but-says-openais-biggest-constraint-isnt-data-or-demand-its">Sam Altman Warns AI Will Be Deflationary, But Says OpenAI&#8217;s Biggest Constraint Isn&#8217;t Data Or Demand, It&#8217;s GPUs</a>
Mollick referenced a research paper titled "One Does Not Simply Meme Alone: Evaluating Co-Creativity Between LLMs and Humans in the Generation of Humor," authored by Zhikun Wu, Thomas Weber, and Florian Müller.
The study explored how humans and AI collaborate to generate memes, comparing the results of three groups: human-only, human-AI collaboration, and AI-only.
Using meme templates and predefined topics like work, food, and sports, participants generated captions during a timed ideation phase. AI-generated memes, created entirely by GPT-4, were then evaluated against those from the other groups based on humor, creativity, and shareability.
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.
The results showed that AI-only memes were consistently rated higher than human-only memes in all categories. While human-AI collaborations produced more ideas, the quality didn't improve significantly.
Notably, the best human-created memes still outperformed AI in humor.
Why It's Important: The findings underscore AI&#8217;s growing ability to replicate—and even surpass—certain aspects of human creativity, particularly in cultural and humor-driven content like memes.
While AI boosts productivity and reduces creative workload, it doesn't always enhance quality when paired with humans.
Image via Shutterstock
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:
<ul>
<li><a href="https://in.benzinga.com/markets/equities/25/03/44240048/openai-secures-near-12-billion-coreweave-deal-taking-stake-in-cloud-firm-ahead-of-35-billion-ipo-to-reportedly-reduce-microsoft-dependence">OpenAI Secures Near-$12 Billion CoreWeave Deal, Taking Stake In Cloud Firm Ahead Of $35 Billion IPO To Reportedly Reduce Microsoft Dependence</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AI Just Passed The Meme Turing Test? Study Finds LLMs Now Create Funnier Memes Than Most Humans

Shares of Japan&#8217;s five major trading houses soared on Tuesday on the Tokyo exchange after Warren Buffett&#8216;s Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) <a href="https://in.benzinga.com/markets/25/03/44353719/warren-buffets-berkshire-hathaway-boosts-stake-in-japans-top-trading-firms">increased its stakes in the companies</a>.
What Happened: National Indemnity, a wholly owned unit of Berkshire Hathaway, disclosed in filings with Japan&#8217;s securities regulator that it had raised its stake in Mitsubishi from 8.31% to 9.67% and in Mitsui from 8.09% to 9.82%. Berkshire also increased holdings in Itochu, Marubeni, and Sumitomo by approximately one percentage point each.
Japan&#8217;s Trading Firms Surge as Berkshire Hathaway Increases Stakes: 
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Company (Ticker)</th>
<th>% Change</th>
<th>Price (JPY)</th>
<th>Price (USD)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mitsui &amp; Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>)</td>
<td>+4.64%</td>
<td>2,934 JPY</td>
<td>$19.61</td>
</tr>
<tr>
<td>Marubeni Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>)</td>
<td>+4.26%</td>
<td>2,543 JPY</td>
<td>$17.00</td>
</tr>
<tr>
<td>Mitsubishi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>)</td>
<td>+4.08%</td>
<td>2,754 JPY</td>
<td>$18.41</td>
</tr>
<tr>
<td>Itochu Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>)</td>
<td>+3.87%</td>
<td>7,216 JPY</td>
<td>$48.23</td>
</tr>
<tr>
<td>Sumitomo Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>)</td>
<td>+3.68%</td>
<td>3,637 JPY</td>
<td>$24.31</td>
</tr>
</tbody>
</table>
</figure>
The increased investments follow Berkshire&#8217;s recent negotiations to &#8220;moderately relax&#8221; the previously agreed 10% investment cap, though none of the holdings has <a href="https://in.benzinga.com/markets/25/03/44353719/warren-buffets-berkshire-hathaway-boosts-stake-in-japans-top-trading-firms">exceeded this threshold</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44369228/byd-unveils-5-minute-ev-charging-breakthrough-strengthening-edge-over-tesla-stock-spikes-4">BYD Unveils 5-Minute EV Charging Breakthrough, Strengthening Edge Over Tesla— Stock Spikes 4%</a>
Why It Matters: These trading firms are vital to Japan&#8217;s economy, importing essential raw materials including oil, gas, and metals while supporting the country&#8217;s machinery export, automobile, and electronics sectors.
Buffett, often called the &#8220;Oracle of Omaha,&#8221; first disclosed investments in these trading houses in 2020. In his annual shareholder letter last month, he highlighted his increasing appreciation for the companies. By the end of 2024, the market value of Berkshire&#8217;s Japan holdings had risen to $23.5 billion.
While expanding its Japanese investments, Berkshire has accumulated a record cash reserve of $334.2 billion after <a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence">selling off equities more broadly</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/tech/25/03/44368525/joe-rogan-once-talked-about-the-two-billionaires-he-really-loves-he-called-elon-musk-a-nomad-and-jeff-bezos-a-yacht-king-what-these-two-tech-titans-own-reveals-a-very-inte">Joe Rogan Once Talked About The Two Billionaires He &#8216;Really&#8217; Loves, He Called Elon Musk A Nomad And Jeff Bezos A Yacht King — What These Two Tech Titans Own Reveals A Very Interesting Story</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.

Asia

ITOCY

MARUY

MITSY

MSBHF

SSUMY

Warren Buffett-Backed Japanese Trading Stocks Surge As Tokyo Market Digest Berkshire's Increased Stake

Gold prices soared to new heights Monday, and renowned economist Peter Schiff marked the occasion by promoting his Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) non-fungible tokens.
What Happened:&nbsp; Gold bug Schiff took to X to celebrate a historic moment in the bullion market. 
&#8220;Today spot gold closed above&nbsp;$3,000 for the first time&nbsp;ever,&#8221; he wrote. He added that the yellow metal hit $2,000 on Aug. 5, 2020, and that the next $1,000 increase &#8220;won&#8217;t take nearly as long.&#8221;
Schiff encouraged his followers to &#8220;commemorate&#8221; the occasion with his Golden Triumph Ordinals, a collection of Bitcoin NFTs. &#8220;They are far more scarce than Bitcoin,&#8221; Schiff said, poking fun at the apex cryptocurrency&#8217;s deflationary characteristics.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today spot gold closed above $3,000 for the first time ever. It first closed above $2,000 on Aug. 5, 2020. The next $1,000 rise won&#39;t take nearly as long. Commemorate the occasion with your own Golden Triumph Ordinal. They are far more scarce than Bitcoin.<a href="https://t.co/SPJSbv1ut5">https://t.co/SPJSbv1ut5</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1901732434774798448?ref_src=twsrc%5Etfw">March 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bitcoin Ordinals are inscriptions of data on Bitcoin's blockchain, commonly referencing digital collectibles or art. In terms of NFT sales volume, Bitcoin was the second-largest blockchain after Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) over the last month, <a href="https://www.cryptoslam.io/">according </a>to the NFT market tracker Cryptoslam.
As of this writing, Schiff's collection had a floor <a href="https://magiceden.io/ordinals/marketplace/gt">price </a>of 0.139 BTCs, worth around $11,594 at the current market price.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363340/crypto-leaders-step-up-pressure-on-sec-as-trumps-policies-reshape-regulatory-landscape">Crypto Leaders Step Up Pressure On SEC As Trump&#8217;s Policies Reshape Regulatory Landscape</a>
Why It Matters:&nbsp; This was not the first time Schiff promoted his blockchain-inscribed artwork. He <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41870739/peter-schiff-promotes-his-bitcoin-nfts-amid-apex-cryptos-move-past-81k-theres-21-million-btc-but-only-50-golden-triumph-ordinals">marketed the NFTs</a> in November of last year, during Bitcoin&#8217;s record-breaking rally.
Schiff launched the Ordinals collection in May 2023, featuring the original painting "Golden Triumph" and a series of prints and Ordinals on Bitcoin. His argument is—Ordinals add more value to an existing art than Ordinals independently possessing any value.
Schiff has been a vocal critic of Bitcoin, often highlighting the benefits of gold over the apex cryptocurrency. He recently asserted that selling gold for Bitcoin was the <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">&#8220;worst-timed trade in history</a>.&#8221;
Price Action: At the time of writing, Bitcoin was exchanging hands at $83,297.96, up 0.28% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency has fallen 10.94%.
Spot gold traded at $3,011.77 per ounce as of this writing, with year-to-date gains of 14.7%.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$ETH

Peter Schiff Pushes His Own Bitcoin NFTs To Mark Gold Highs: 'Far More Scarce Than BTC'

BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), China&#8217;s leading electric vehicle maker, has introduced a groundbreaking charging system that can fully charge an EV in the time it takes to refuel a gasoline car, potentially eliminating one of the biggest <a href="https://in.benzinga.com/news/25/03/44359054/byd-reveals-5-minute-ev-battery-charging-system-bloomberg">barriers to EV adoption worldwide</a>.
What Happened: Chairman Wang Chuanfu announced that in tests, the new system charged the Han L model with 292 miles of <a href="https://in.benzinga.com/news/25/03/44359054/byd-reveals-5-minute-ev-battery-charging-system-bloomberg">range in just five minutes</a>. 
BYD&#8217;s Hong Kong-listed shares rose 4.05% to 401.20 HKD ($51.63) on Tuesday, continuing a strong year that has seen the stock surge 53% year-to-date.
The rapid charging technology will be integrated into BYD&#8217;s upcoming electric models, further strengthening its competitive position against rivals like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). 
See Also: <a href="https://www.benzinga.com/government/regulations/25/03/44364688/feds-march-meeting-expected-to-signal-no-hurry-on-rate-cuts-as-powell-likely-to-tread-carefully">Fed&#8217;s March Meeting Expected To Signal No Hurry On Rate Cuts As Powell &#8216;Likely To Tread Carefully&#8217;</a>
Why It Matters: By offering a charging experience comparable to traditional gas station visits, BYD addresses the charging downtime concern that has made many consumers hesitant to switch from <a href="https://in.benzinga.com/news/25/03/44359054/byd-reveals-5-minute-ev-battery-charging-system-bloomberg">internal combustion vehicles</a>.
The charging breakthrough comes as BYD pursues aggressive expansion in Europe. The company is reportedly considering Germany for its third European assembly plant, following facilities already planned in Hungary and Turkey. BYD is reportedly avoiding countries that supported EU tariffs on <a href="https://in.benzinga.com/25/03/44354592/warren-buffett-backed-byd-eyes-germany-for-third-european-plant-amid-tariff-concerns-report">Chinese-made EVs imposed last year</a>.
BYD&#8217;s European manufacturing push aims to circumvent import tariffs while boosting sales of its affordable vehicles against local competitors. The company <a href="https://in.benzinga.com/25/03/44354592/warren-buffett-backed-byd-eyes-germany-for-third-european-plant-amid-tariff-concerns-report">announced a $1 billion factory in Turkey in July 2024</a>, expected to produce 150,000 EVs annually.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44349451/third-largest-buy-the-dip-in-history-bofas-sees-correction-not-a-bear-market-amid-wall-street-rebound" target="_blank" rel="noreferrer noopener">Third-Largest ‘Buy-The-Dip&#8217; In History — BofA&#8217;s Sees ‘Correction, Not A Bear Market&#8217; Amid Wall Street Rebound</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.