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Earnings Scheduled For May 12, 2025

On Sunday, President Donald Trump announced on Truth Social that he plans to sign what he called the &#8220;<a href="https://www.benzinga.com/general/health-care/25/05/45339399/trump-says-prescription-drug-prices-set-to-drop-by-30-to-80-almost-immediately-thanks-to-most-favored-nation-plan-mark-cuban-urges-president-to-force-tran">most consequential executive order</a>&#8221; in U.S. history, aimed at lowering prescription drug prices.
What Happened: Trump said the executive order, set to be signed at 9 a.m. Monday, will implement a &#8220;Most Favored Nations&#8221; policy requiring pharmaceutical companies to charge U.S. consumers no more than the lowest price they offer for the same drug in any other country.
See More: <a href="https://www.benzinga.com/25/05/45338985/trump-reportedly-set-to-accept-flying-palace-from-qatar-white-house-says-lavish-gift-of-boeing-jumbo-jet-complies-with-all-applicable-laws">Trump Reportedly Set To Accept &#8216;Flying Palace&#8217; From Qatar, White House Says Lavish Gift Of Boeing Jumbo Jet Complies With &#8216;All Applicable Laws&#8217;</a>
Accusing pharmaceutical companies of overcharging American consumers, sometimes &#8220;five to ten times more&#8221; than patients in other countries, Trump slammed political opponents for enabling the status quo all these years.
Trump says that prescription drug prices will be reduced by &#8220;30% to 80%,&#8221; while rising throughout the world, to equalize and &#8220;bring fairness to America.&#8221;
Why It Matters: This move is expected to have the biggest impact on Medicare Part B drugs, which mainly constitute outpatient prescriptions and biologicals, the prices for which are directly managed by the Centers for Medicare &amp; Medicaid Services (CMS).
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th class="has-text-align-center" data-align="center">Drug Name</th>
<th class="has-text-align-center" data-align="center">Manufacturer(s)</th>
<th class="has-text-align-center" data-align="center">Total Spending</th>
<th class="has-text-align-center" data-align="center">Primary Use</th>
</tr>
</thead>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Keytruda</td>
<td class="has-text-align-center" data-align="center">Merck &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>)</td>
<td class="has-text-align-center" data-align="center">$4.0B</td>
<td class="has-text-align-center" data-align="center">Cancer (various types)</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Eylea</td>
<td class="has-text-align-center" data-align="center">Regeneron Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) </td>
<td class="has-text-align-center" data-align="center">$3.4B</td>
<td class="has-text-align-center" data-align="center">Macular degeneration</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Prolia/Xgeva</td>
<td class="has-text-align-center" data-align="center">Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>)</td>
<td class="has-text-align-center" data-align="center">$2.1B</td>
<td class="has-text-align-center" data-align="center">Osteoporosis, bone metastases</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Opdivo</td>
<td class="has-text-align-center" data-align="center">Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) </td>
<td class="has-text-align-center" data-align="center">$2.0B</td>
<td class="has-text-align-center" data-align="center">Cancer (various types)</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Darzalex</td>
<td class="has-text-align-center" data-align="center">Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>)</td>
<td class="has-text-align-center" data-align="center">$1.9B</td>
<td class="has-text-align-center" data-align="center">Multiple myeloma</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Avastin</td>
<td class="has-text-align-center" data-align="center">Roche Holdings AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>)</td>
<td class="has-text-align-center" data-align="center">$1.8B</td>
<td class="has-text-align-center" data-align="center">Cancer (various types)</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">A breakdown of the top Medicare Part B drugs by spending in 2023, based on the latest data shared by the Centers for Medicare &amp; Medicaid Services (CMS).</figcaption></figure>
These are the stocks that are most likely to be hit by this announcement when markets open on Monday, given their sizable exposure to Medicare, especially being classified as Part B. 
According to a report by the Rand Corporation, a California-based policy think-tank, prescription drug prices in the U.S. are, on average, at least 2.78 times higher than other countries.
While Trump&#8217;s move is being criticized by the likes of crypto enthusiast Ed Krassenstein, calling it &#8220;just another Trump lie,&#8221; saying that an executive order can steer Medicare and Medicaid payments, but <a href="https://www.benzinga.com/general/health-care/25/05/45339399/trump-says-prescription-drug-prices-set-to-drop-by-30-to-80-almost-immediately-thanks-to-most-favored-nation-plan-mark-cuban-urges-president-to-force-tran">cannot force manufacturers</a> to cut prices. 
Others, such as billionaire investor Mark Cuban, have come out in support of the move, saying that it can &#8220;force transparency,&#8221; even if the President cannot force price cuts.
Drug pricing disparities have been a point of contention across the political spectrum. Recently, Novo Nordisk A/S&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) CEO, Lars Fruergaard Jorgensen, <a href="https://www.benzinga.com/general/biotech/24/09/40986953/novo-nordisk-ceo-to-face-senate-scrutiny-over-high-ozempic-and-wegovy-prices-hearing-scheduled-on">faced Senate scrutiny</a> on these vast differences, where he was targeted by Sen.&nbsp;Bernie Sanders&nbsp;(I-Vt.) for the high price of the company&#8217;s diabetes drug, Ozempic. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="135" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12033045/Screenshot-2025-05-12-at-1.00.28-PM-1024x135.png" alt="" class="wp-image-911404" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12033045/Screenshot-2025-05-12-at-1.00.28-PM-1024x135.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12033045/Screenshot-2025-05-12-at-1.00.28-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12033045/Screenshot-2025-05-12-at-1.00.28-PM-768x101.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12033045/Screenshot-2025-05-12-at-1.00.28-PM-1536x202.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12033045/Screenshot-2025-05-12-at-1.00.28-PM.png 1594w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Novo Nordisk shares have an unfavorable price trend in the short, medium, and long term, but how does it compare with peers such as Johnson &amp; Johnson, Amgen, and Roche? Sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> to find out.
Meanwhile, Novo Nordisk, Pfizer and J&amp;J were trading at least 3% lower in Monday premarket. 
Photo Courtesy: create jobs 51 On Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45339784/mohamed-el-erian-warns-us-china-deal-reveals-americas-fear-of-empty-shelves-as-markets-rally-on-trade-optimism-peter-schiff-skeptical-without-renminbi-revaluation">Mohamed El-Erian Warns US-China Deal Reveals &#8216;America&#8217;s Fear Of Empty Shelves&#8217; As Markets Rally On Trade Optimism, Peter Schiff Skeptical Without Renminbi Revaluation</a></li>
</ul>

Health Care

Markets

AMGN

REGN

RHHBY

Trump's New Drug Pricing Executive Order Could Rattle Pharma Stocks, With Price Cuts Of Up To 80%: Novo Nordisk, Pfizer And J&J Fall In Premarket

The Federal Aviation Administration (FAA) is reportedly considering reducing the number of flights operating out of New Jersey's Newark Airport.
What Happened: The agency is set to meet with officials from several U.S. airlines to discuss scaling back flights out of Newark following disruptions caused by equipment malfunctions as well as staff shortages, CNBC reported <a href="https://www.cnbc.com/2025/05/11/newark-airport-flight-cuts-ahead-after-wee.html">on</a> Sunday.
"What you see in Newark is going to happen in other places across the country. It needs to be fixed," U.S. Transportation Secretary Sean Duffy said, according to the report.
Equipment outages caused air traffic controllers to lose communication as well as flight monitoring capabilities for over 90 seconds last month. There were also delays to over 1,000 flights due to equipment failures, the report suggests. The event also led to several staff members going on leave.
Questions have been raised over the aging air traffic infrastructure, which could reportedly cost over $31 billion to revamp, as well as more hiring of air traffic controllers, the report said.
"In ideal weather, with full staffing and with perfectly functioning technology, the FAA tells us that the airport (Newark) can only handle 77 flights per hour. And yet, the FAA regularly approves schedules of 80+ flights per hour almost every day between 3:00 pm and 8:00 p.m.," United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) CEO Scott Kirby told employees in a note, according to the report.
Why It Matters: The news comes in as the U.S. aviation industry is dealing with a difficult quarter, as analysts have<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/45020724/airlines-face-significant-pressure-analysts-adjust-expectations-after-q1-results"> reset price targets </a>for several U.S. airlines following quarterly results.
American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) recently announced it was <a href="https://www.benzinga.com/25/04/44982328/american-airlines-flies-into-uncertainty-q1-revenue-miss-2025-outlook-pulled-but-debt-plan-on-track?_gl=1&#x2A;1yry3sk&#x2A;_gcl_au&#x2A;NTM5OTQ2NTE5LjE3NDcwMjQyNzY.&#x2A;_ga&#x2A;R1MyLjEuczE3NDcwMzM3NzAkbzIkZzEkdDE3NDcwMzM3NzAkajAkbDAkaDA.&#x2A;_ga_V7ZK73W7N0&#x2A;czE3NDcwMzM1MzkkbzMkZzEkdDE3NDcwMzQyNzAkajAkbDAkaDA.">pulling its 2025 outlook </a>as the airline's operating revenue declined slightly to $12.55 billion, a 0.15% YoY decline.
Elsewhere, JetBlue Airways Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is reportedly in talks with United Airlines over a <a href="https://www.benzinga.com/25/04/45093263/jetblue-in-talks-with-united-airlines-over-possible-partnership-report">possible partnership</a> between the two companies.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/04/45035715/airbus-finalizes-deal-with-spirit-to-take-over-assets-paving-way-for-boeing-acquisition">Airbus Finalizes Deal With Spirit To Take Over Assets, Paving Way For Boeing Acquisition</a></li>
</ul>
Photo: Synthetic Messiah/Shutterstock

News

Politics

Travel

General

JBLU

FAA Mulls Cutting Flights At Newark Airport Amid Staffing Woes And Equipment Failures: Report

Eli Lilly and Company&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) Zepbound demonstrated superior weight reduction compared to Novo Nordisk A/S&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) Wegovy in a 72-week head-to-head trial.
What Happened: Participants treated with tirzepatide (Zepbound) achieved an average weight loss of 20.2%, compared to 13.7% with semaglutide (Wegovy), representing a 47% greater relative weight reduction, according to detailed results from a direct comparison trial published in The New England Journal of Medicine. 
On average, those taking Zepbound lost 50.3 pounds, while those on Wegovy lost 33.1 pounds over the course of the study.
The SURMOUNT-5 Phase 3b open-label clinical trial met its primary endpoint and all five key secondary endpoints, with Zepbound showing superiority across all weight reduction targets. Nearly 65% of Zepbound users achieved at least 15% weight loss compared to 40% on Wegovy, and participants experienced greater waist circumference reduction —7.2 inches versus 5.1 inches.
The safety profile aligned with previous trials, with primarily gastrointestinal-related adverse events that were generally mild to moderate in severity. Discontinuation rates due to adverse events were 6.1% for Zepbound versus 8% for Wegovy.
See Also: <a href="https://www.benzinga.com/25/05/45340117/peter-lynch-said-the-suckers-going-up-is-no-buy-strategy-suggests-two-things-to-look-for-in-a-company-that-suggest-something-different">Peter Lynch Once Lamented People Are &#8216;Careful&#8217; When They Buy A Fridge But Will &#8216;Drop Thousands&#8217; On A Stock Tip They Heard On A Bus</a>
Why It Matters: Zepbound&#8217;s performance in this direct comparison strengthens Lilly&#8217;s position in the rapidly growing weight loss medication market. The drug operates as a dual GIP and GLP-1 receptor agonist, compared to Wegovy, which works solely as a GLP-1 receptor agonist.
The U.S. Food and Drug Administration recently expanded Zepbound&#8217;s approval to include <a href="https://www.benzinga.com/news/25/01/42933134/fda-approves-weight-loss-drug-zepbound-for-sleep-apnea-will-insurance-cover-this-1000-per-month-medication">treatment for moderate-to-severe obstructive sleep apnea</a> in adults with obesity. Clinical trials showed patients experienced an average of 25 fewer breathing interruptions per hour, with up to 50% no longer exhibiting OSA symptoms after one year.
WW International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>) recently announced a <a href="https://www.benzinga.com/news/25/04/45073094/weightwatchers-integrates-with-eli-lilly-to-expand-access-to-zepbound-stock-skyrockets-110">partnership with LillyDirect</a> pharmacy provider Gifthealth to simplify access to Zepbound for eligible self-pay clinic members. According to WeightWatchers, 33% of its clinic patients currently use Zepbound as part of their weight management plan, with prescriptions more than doubling in recent months.
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45339966/bitcoin-creator-satoshi-nakamotos-estimated-wealth-crosses-bill-gates-amid-apex-cryptos-sharp-rebound">Bill Gates Left Behind By Satoshi Nakamoto: Bitcoin Creator&#8217;s Wealth Now Eclipses That Of Microsoft Co-Founder Amid Crypto&#8217;s Sharp 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.

Biotech

Equities

Eli Lilly's Zepbound Shows Superior Weight Loss Over Novo Nordisk's Wegovy In Head-To-Head Trial

monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) will release earnings results for the first quarter, before the opening <a href="https://www.benzinga.com/quote/mndy/earnings">bell on Monday, May 12.</a>
Analysts expect the Tel Aviv, Israel-based company to report quarterly earnings at 70 cents per share, up from 61 cents per share in the year-ago period. monday.com projects to report quarterly revenue at $275.96 million, compared to $216.91 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 10, Monday.com reported fiscal fourth-quarter revenue growth of 32% year-on-year to $267.98 million, beating the analyst consensus estimate of $261.37 million.
monday.com shares fell 1.2% to close at $278.24 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MNDY/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Piper Sandler analyst Brent Bracelin maintained an Overweight rating and cut the price target from $385 to $305 on April 23, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Jefferies analyst Brent Thill maintained a Buy rating and slashed the price target from $400 to $360 on March 31, 2025. This analyst has an accuracy rate of 76%.</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $340 to $450 on Feb. 21, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Goldman Sachs analyst Kash Rangan maintained a Buy rating and boosted the price target from $350 to $400 on Feb. 11, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Keybanc analyst Jackson Ader upgraded the stock from Sector Weight to Overweight with a price target of $420 on Feb. 11, 2025. This analyst has an accuracy rate of 68%.</li>
</ul>
Considering buying MNDY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="571" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12035951/image-114-1024x571.png" alt="" class="wp-image-911439" style="width:547px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12035951/image-114-1024x571.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12035951/image-114-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12035951/image-114-768x428.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12035951/image-114.png 1108w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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</ul>
Photo via Shutterstock

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Monday.Com Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

President Donald Trump&#8216;s proposed millionaire tax, which aims to increase the tax rate on income over $2.5 million, is being seen as largely symbolic and unlikely to significantly impact revenue or inequality by experts.
What Happened: Howard Gleckman, from the Urban-Brookings Tax Policy Center, stated that the proposed tax change would not significantly affect revenue or inequality, <a href="https://fortune.com/2025/05/11/trump-millionaire-tax-inequality-billionaires/">reported</a> Fortune. The tax hike, which would increase the rate from 37% to 39.6% on income over $2.5 million, is expected to raise about $8.2 billion this year and impact around 80,000 households.
Most&nbsp;millionaires and billionaires in the&nbsp;U.S. earn a small portion&nbsp;of their income in the&nbsp;form of salaries, with the majority coming from capital gains, which are taxed at a lower rate. Program director at&nbsp;the Institute for Policy Studies,&nbsp;Sarah Anderson, told the publication that the proposed tax increase would have minimal impact on billionaires as&nbsp;they take very little compensation&nbsp;from their companies.
"It's not going to change the revenue very much and it's going to give a lot of Republicans heartburn," stated Garrett Watson from the Tax Foundation.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/05/45337485/this-is-bad-like-actually-bad-a-man-describes-the-crisis-at-a-big-fulfillment-warehouse-tariffs-are-hitting-" target="_blank" rel="noreferrer noopener">&#8216;This Is Bad. Like Actually Bad&#8217;—A Man Describes The Crisis At A Big Fulfillment Warehouse: Tariffs Are Hitting Way Harder Than We Thought</a>
Why It Matters: The Republican Party, long opposed to tax hikes, is now considering them to help cover $4.5 trillion in costs from extending the 2017 tax cuts and advancing Trump's priorities like exempting Social Security income and tips from taxes.
Trump&#8217;s tax proposal comes amid a political storm within the Republican Party. Trump&#8217;s support for a tax increase on millionaires <a href="https://www.benzinga.com/25/04/45037541/trumps-proposed-millionaires-tax-ignites-political-firestorm-within-republicans-doing-so-would-be-political-death-caution-experts">sparked controversy </a>and debate among Republicans and conservatives. Opposition to tax hikes is strong among traditional Republicans, including Trump advisors Steve Moore and Larry Kudlow and GOP Sen. Dave McCormick (R-Pa.) and Ted Cruz (R-Texas). However, Sen. Mike Crapo (R-Idaho) expressed potential openness to being persuaded.
Earlier in May, Trump&#8217;s ambitious budget package, dubbed the &#8220;Big, Beautiful Bill,&#8221; was facing a <a href="https://www.benzinga.com/markets/equities/25/05/45217098/trumps-big-beautiful-bill-takes-shape-gop-pushes-tax-cuts-border-wall-funding-and-deep-spending-reductions-ahead-of-memorial-day-deadline">bumpy road </a>in Congress as Republican lawmakers worked to balance tax cuts with spending priorities.
Just days later, Trump revived the push for a <a href="https://www.benzinga.com/news/25/05/45317302/trump-renews-effort-to-hike-taxes-on-wealthy-americans-holds-talks-with-mike-johnson-report">tax increase </a>on the wealthiest Americans as part of his forthcoming tax package. The White House believes that this tax increase on the wealthiest will facilitate substantial tax cuts for the middle and working class and safeguard Medicaid.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45339953/apple-exec-says-iphone-users-are-ditching-google-search-now-chamath-palihaptiya-urges-the-tech-giant-to-stop-wait" target="_blank" rel="noreferrer noopener">Apple Executive Says iPhone Users Are Ditching Google — Now Chamath Palihaptiya Urges The Search Giant To Stop Waiting For Data And Start Fighting Models Like ChatGPT</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.

Economics

Trump's Millionaire Tax More Of A Symbolic Gesture Than Step Towards Reducing Inequality, Warn Experts: 'It's Going To Give A Lot Of Republicans Heartburn'

Diversified Energy Q1 Revenue $346.9M Up From $193.62M YoY, Adj. EBITDA $138.64M Up From $102.08M YoY

Alibaba Group Holding&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Chairman, Joe Tsai, has announced that the tech giant plans to integrate artificial intelligence (AI) into its operations within the next three to five years.
What Happened: Tsai unveiled Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)&#8217;s future AI-driven strategy at AliDay, the company&#8217;s annual event for employees and their families. Tsai stated, &#8220;In the next three to five years, all of our businesses should be driven by AI,&#8221; <a href="https://www.scmp.com/tech/big-tech/article/3309905/ai-will-be-mainstay-alibabas-business-next-3-5-years-chairman-joe-tsai-says">reported</a> the South China Morning Post. Founder Jack Ma was also in attendance at the annual event.
Tsai views AI as a crucial tool to expand Alibaba&#8217;s user base across its e-commerce and other business sectors. During the two-day event, Tsai and Chief People Officer Jane Jiang Fang addressed several questions from the staff, including&nbsp;the impact of the U.S.-China&nbsp;trade war on the company and the country.
 Tsai expressed confidence in China&#8217;s position in the trade war, stating, &#8220;We&nbsp;have the upper hand in&nbsp;the trade war.&#8221; The Chairman explained that a significant portion of China&#8217;s exports to the U.S. includes high-tech products with intricate supply chains, unlike American exports like oil and soybeans, which are easier to replace.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45192498/bitcoins-key-level-is-96500-analyst-warns-but-heres-what-could-trigger-a-breakdown" target="_blank" rel="noreferrer noopener">Bitcoin&#8217;s Key Level Is $96,500, Analyst Warns, But Here&#8217;s What Could Trigger A Breakdown &#8211; Benzinga</a>
Why It Matters: This announcement comes after Alibaba&#8217;s recent launch of Qwen 3, its most advanced artificial intelligence model to date. The system features <a href="https://www.benzinga.com/25/04/45057716/alibabas-qwen-3-launch-takes-aim-at-deepseeks-disruption-and-baidus-ernie-turbo-models">hybrid reasoning </a>capabilities, blending traditional AI tasks with enhanced problem-solving skills. This move towards AI integration aligns with Alibaba&#8217;s ongoing efforts to stay at the forefront of technological innovation.
In February, the company announced a record capital expenditure of 380 billion yuan ($52.4 billion) over three years to boost computing resources and AI infrastructure.
Notably, the Chinese tech giant has begun allowing employees from its six major business groups to communicate through an internal website, aiming to foster synergies across its operations following a major restructuring two years ago.
Price Action:&nbsp;Alibaba ADRs slid 0.37% to close at $125.33 on Friday. On a year-to-date basis, the ADRs climbed 47.53%, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, Alibaba has a growth score of 73.51% and a momentum rating of 93.82.&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here to see how it compares to other leading</a>&nbsp;tech companies.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/05/45337285/marjorie-taylor-greene-frustrated-and-upset-with-team-trump-attempted-assassination-of-scott-bessent-jd-vanc" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene &#8216;Frustrated And Upset&#8217; With Team Trump, Attempted Assassination Of Scott Bessent, JD Vance Slams Jerome Powell And More: Top Political Updates</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.

Tech

BABA

Alibaba Asserts Chinese Tech Dominance, Vows Major AI Focus In Next 3-5 Years: 'We Have The Upper Hand In The Trade War'

BALL

Ball Corporation Launches €750M Senior Notes Offering Due 2032 For Corporate Financing And Strategic Flexibility

Future Fund LLC's Gary Black believes Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as well as Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) will benefit from increased EV adoption as well as growth in Autonomous Driving.
What Happened: In a post on the social media platform X, the investor shared his thoughts on why he invested in both companies on Sunday. "We own both $UBER and $TSLA for different reasons,"
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We own both <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> and <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> for different reasons. Our investment thesis on <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> is that as autonomy becomes table stakes for remaining in the automobile business, many auto manufacturers will achieve and be granted deployment licenses for unsupervised autonomy. <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> with…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1921351661903020335?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote>
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</figure>
Black said that as autonomous driving gathers steam, more companies would adopt the technology and be granted licenses to operate unsupervised robotaxis in the future. "$UBER with 170M MAUs will by 2026 year-end offer a driverless option that reduces the cost per mile from $2/mile to $1/mile," he said in the post.
"We see $UBER Non-GAAP EPS increasing from $3/share in 2025 to $8/share by 2030.&nbsp; Our UBER PT is $120." Black said.
He then talked about Tesla and how Elon Musk's EV giant could stand to gain from increased EV adoption throughout the globe. "We own $TSLA because as global EV adoption increases from its current 20% to 50% by 2030, TSLA deliveries should increase from 1.7M in 2025 to 5.0M by 2030," he shared.
Black also shared how autonomous driving could help boost sales before setting a $310 price target on Tesla stock. "We expect unsupervised autonomy to sell more Teslas and increase the FSD take rate from its current 15% to 33%." the investor said.
Why It Matters: The investor has been an advocate for autonomous vehicles. He had recently <a href="https://www.benzinga.com/25/05/45339797/gary-black-doubles-down-on-ubers-autonomy-upside-reflects-on-tesla-debates-i-was-right-on-volume-pr-and-robotaxis">doubled down </a>on Uber's growth as autonomous vehicles are steadily gaining pace in the U.S.
Black has also previously shared that Musk's company <a href="https://www.benzinga.com/news/25/05/45336172/tesla-bull-gary-black-reaffirms-elon-musks-company-best-positioned-to-capitalize-on-evs-and-autonomo">is "best positioned"</a> to&nbsp;
Capitalize on EV growth in the country. "As EV adoption and demand for autonomy increases, $TSLA remains the best positioned to capitalize on these two megatrends," he said.
Elsewhere, <a href="https://www.benzinga.com/25/05/45309828/gary-black-says-lyft-is-worthy-of-increased-investment-following-q1-earnings-call">the investor also hailed </a>Uber rival Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) as the ride-hailing service surprised analysts by beating expectations. The company revealed that it attained a $.01 EPS vs a projected -$.02 loss, at the Q1 earnings call last Thursday.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-1024x191.jpg" alt="" class="wp-image-911303" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-1024x191.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-300x56.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-768x143.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025-1536x287.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12020454/UBER-MAY-12-2025.jpg 1651w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
UBER scores well on Momentum and Growth metrics and has a satisfactory score on the value metric. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45283323/gary-black-thinks-uber-could-have-an-advantage-over-elon-musk-and-tesla-in-the-robotaxi-race">Uber Could Outpace Elon Musk&#8217;s Tesla In Robotaxi Race, Says TSLA Bull Gary Black</a></li>
</ul>
Photo courtesy: DenPhotos / Shutterstock.com

LYFT

TSLA

UBER

Top Bull Gary Black Shares Why He Is Holding On To UBER And TSLA: 'Our investment Thesis On…'

<ul>
<li>Nokia to deploy its high-performance, energy-efficient Habrok Massive MIMO radios and Levante baseband solutions to boost the coverage and capacity of Optus's 5G network.&nbsp;</li>
<li>Partnership advances Optus's goal of providing faster speeds and improving service quality for regional communities and businesses.</li>
</ul>

Nokia Deploys Habrok And Levante Technology To Expand Optus 5G Reach Across Regional Australia With Improved Speed And Sustainability

<ul>
<li>Creates ~$1.5 billion revenue company in fast-growing collagen-based health, nutrition and food sectors</li>
<li>85% owned and consolidated by Darling Ingredients</li>
<li>Non-cash transaction, combining assets, capabilities</li>
<li>Strengthens foundation around serving food and pharma customers</li>
<li>Provides a platform for accelerated product development and growth</li>
<li>Creates an opportunity to unlock significant shareholder value</li>
</ul>

Darling Ingredients (85%) And Tessenderlo Group (15%) To Merge Collagen Units Into $1.5B Global Venture Nextida

<ul>
<li>ABCL575 is a novel, half-life extended anti-OX40L monoclonal antibody that is being developed for the treatment of moderate-to-severe atopic dermatitis (AD)</li>
<li>In preclinical studies, ABCL575 shows potent inhibition of inflammatory pathways, favorable in vivo pharmacokinetics (PK), and potential for less frequent dosing compared to a clinical benchmark</li>
</ul>

ABCL

Reported Friday, AbCellera's ABCL575 Matches Clinical Benchmark And Demonstrates Extended Half-Life In Preclinical AD Studies

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) to report quarterly earnings at 91 cents per share on revenue of $4.18 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Fox shares gained 1% to $47.20 in after-hours trading.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) reported first-quarter earnings of 23 cents per share, in-line with market estimates. The company reported $744.07 million in sales during the quarter. Hawaiian Electric shares rose 0.1% to $10.50 in the after-hours trading session.</li>
<li>Analysts are expecting NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) to post quarterly earnings at $1.49 per share on revenue of $7.83 billion. The company will release earnings before the markets open. NRG Energy shares gained 1.4% to $121.03 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>After the closing bell, DaVita Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVA#NYSE">DVA</a>) is projected to post quarterly earnings at $1.95 per share on revenue of $3.21 billion. DaVita shares fell 0.4% to $143.15 in the after-hours trading session.</li>
<li>Analysts expect Southwest Gas Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) to report quarterly earnings at $1.50 per share on revenue of $1.50 billion. Southwest Gas shares fell 1.3% to $74.67 in after-hours trading.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45315727/top-3-industrials-stocks-that-may-collapse-in-may">Top 3 Industrials Stocks That May Collapse In May</a> </li>
</ul>
Photo via Shutterstock

Fox, NRG Energy And 3 Stocks To Watch Heading Into Monday

LGIH

Reported Friday, LGI Homes Launches Northridge Community Near Buffalo, Minnesota, Expanding Affordable Housing Options In Montrose

DSVSF

Reported Friday, Newmont Reduces Stake In Discovery Silver With Sale Of 50.5M Shares Worth  C$124M, Drops Below 10% Ownership Threshold

Over the weekend, billionaire investor Mark Cuban shared a list of unfiled <a href="https://www.benzinga.com/general/education/24/10/41234173/how-mark-cuban-turned-broadcast-com-into-5-7b-sale-we-were-the-youtube-of-our-day">patent ideas from</a> Broadcast.com's early days, indicating they could have changed the course of internet history.
What Happened: Taking to X, formerly Twitter, Cuban shared "Potential Broadcast.com Patent Applications," dated Jan. 4, 1999.
The list includes 13 patent ideas that were considered by Broadcast.com's intellectual property lawyers but never filed.
"Just found the old list of patents our IP lawyers for Broadcast.com were going to file but never got around to under Yahoo," Cuban wrote. "Not saying they all would have been granted, but if you ever need prior art in this area, here you go lol."
See Also: <a href="https://www.benzinga.com/news/25/03/44433124/mark-cuban-breaks-down-the-no-1-red-flag-that-makes-him-want-to-look-for-a-way-out-on-shark-tank-rev">Mark Cuban Breaks Down The No. 1 Red Flag That Makes Him Want To Look For A Way Out On Shark Tank — Reveals Dumbest Pitches He&#8217;s Seen, From Tail Lightz To Original Man Candle</a>
Among the unfiled patents were:
<ul class="wp-block-list">
<li>Geographic IP Identification — a method to pinpoint a device's location by analyzing internet packet routes.</li>
<li>Reverse Auction — where buyers post what they want and sellers compete by offering lower prices.</li>
<li>Streaming Authentication Systems — extending early user authentication methods for audio streams.</li>
<li>Telephony-Based Content Publication — converting voicemail messages into multimedia content online.</li>
</ul>
After someone noted that Broadcast.com now leads to a blank page, Cuban responded by saying, "I tried to buy it back," adding, "Still willing to if anyone there cares!"
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I tried to buy it back. Still willing to if anyone there cares !
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1921610689300344918?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
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</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: Broadcast.com began as AudioNet in September 1995, founded by Christopher Jaeb. Not long after, entrepreneur Cuban made a significant investment in the company.
The platform was a pioneer in streaming internet sports radio, enabling fans to tune in to live broadcasts of games from outside their local areas.
In 1998, amid the height of the dot-com boom, Cuban and his team took Broadcast.com public. On its debut day, the stock surged by 250%, pushing the company's valuation to around $1 billion and Cuban's personal stake to approximately $300 million.
Just nine months post-IPO, Yahoo! revealed plans to acquire Broadcast.com for <a href="https://www.benzinga.com/general/education/21/04/20446634/this-day-in-market-history-mark-cuban-sells-broadcast-com-to-yahoo">$5.7 billion</a>. Cuban quickly sold off most of the Yahoo! shares he received from the deal, securing billionaire status by age 41.
In hindsight, selling to Yahoo! proved a smart move. When the dot-com bubble collapsed, Yahoo! shuttered Broadcast.com just three years later.
Adding another twist, Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) acquired Yahoo! in 2017 for $4.5 billion, less than what Yahoo! had paid solely for Broadcast.com.
Photo Courtesy: Kathy Hutchins On Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/04/44914220/mark-cuban-once-revealed-a-childhood-habit-that-his-automobile-upholsterer-father-was-happy-about-i-dont-understand-what-youre-doing-but-im-glad-youre-doing-it">Mark Cuban Once Revealed A Childhood Habit That His Automobile Upholsterer Father Was Happy About: &#8216;I Don&#8217;t Understand What You&#8217;re Doing, But I&#8217;m Glad You&#8217;re Doing It&#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.

Mark Cuban Reveals Lost Broadcast.com Patents That Could've Shaped Tech's Future — Still Willing To Buy It Back, 'If Anyone There Cares'

Mastercard's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) top product executive says shoppers are on the brink of abandoning web browsers for AI concierges that both discover and pay for goods.
What Happened: "We're convinced that we are on the eve of a paradigm shift in commerce," Mastercard&#8217;s Chief Product Officer Jorn Lambert told the Fortune Brainstorm Tech <a href="https://fortune.com/2025/05/11/online-shopping-ai-agents-fraud-mastercard-jorn-lambert/">crowd</a> last week.
Lambert said consumers already type "best running shoes" into ChatGPT instead of Google and then ask, "Once you've searched and discovered a product you want to buy, it's only natural that you then ask the AI agent to buy it on your behalf."
To keep that hand-off secure, Mastercard last week rolled out <a href="https://www.benzinga.com/news/large-cap/25/04/45075960/mastercard-bets-on-cross-border-payments-with-300-million-corpay-deal">Agent Pay</a>, an "agentic payments" program that registers trusted bots and wraps every transaction in cryptographic tokens.
The timing is strategic. Federal Trade Commission data show fraud losses tied to online shopping hit roughly $750 million in 2024, part of a record $12.5 billion in consumer swindles.
See also: <a href="https://www.benzinga.com/25/05/45340216/openais-ipo-ambitions-hang-in-the-balance-as-microsoft-negotiates-equity-report">OpenAI&#8217;s IPO Ambitions Hang In The Balance As Microsoft Negotiates Equity: Report</a>
Lambert argues AI agents can out-sniff bogus sellers better than humans by scoring every shipment and credential in milliseconds, potentially flipping commerce's weakest link into its strongest shield.
Now, whether consumers trust a bot with their wallet remains to be seen, but the payments giant is betting that safer, friction-free clicks beat a checkout page every time.
Why It Matters: The Mastercard executive&#8217;s comments arrive on the back of OpenAI&#8217;s <a href="https://www.benzinga.com/25/04/45058959/openai-launches-ad-free-shopping-search-in-chatgpt-heres-how-it-works">recent unveiling</a> of an upgrade to ChatGPT&#8217;s search functionality, enabling users to browse and shop for products directly within the chatbot.
The move comes as OpenAI <a href="https://www.benzinga.com/tech/24/12/42523020/chatgpt-search-goes-free-openai-challenges-googles-unbroken-search-dominance">seeks to challenge</a> Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) dominance in search by offering a more user-centric alternative to Google&#8217;s ad-driven results.
Microsoft co-founder Bill Gates also envisions a future where AI agents shake up the way users <a href="https://www.benzinga.com/news/23/05/32522731/youll-never-go-to-amazon-bill-gates-predicts-ai-agents-will-replace-search-and-shopping-websites">shop and search online</a>, rendering the likes of Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Google search obsolete.
Photo Courtesy: Atthapon Niyom On Shutterstock.com
Read next: <a href="https://www.benzinga.com/government/regulations/25/05/45340465/bill-ackman-slams-subsidies-for-contributing-to-37-trillion-national-debt-hails-trumps-drug-price-order">Bill Ackman Slams Subsidies For Contributing To $37 Trillion National Debt, Hails Trump&#8217;s Drug Price Order</a>

AMZN

GOOG

GOOGL

Mastercard CFO Says Shoppers Ready To Abandon The Web Browser In Favor Of AI Agents: 'Paradigm Shift' Unfolding

Former Treasury Secretary Larry Summers and economist Peter Schiff have sharply criticized a reported $400 million gift of a Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 747-8 jumbo jet from Qatar&#8217;s royal family to President Donald Trump.
What Happened: Summers questioned on X why universities face scrutiny for accepting Qatari research gifts while the president can receive such a lavish present. &#8220;This feels like banana-republic-level corruption. I hope the IRS [Internal Revenue Service] remembers that payments for services rendered represent taxable income,&#8221; Summers wrote Sunday.
Summers was referring to a federal investigation into whether U.S. universities—including Georgetown, Texas A&amp;M, Cornell, and Rutgers—properly disclosed over $250,000 in gifts or contracts from foreign sources like China, Qatar, Russia, and Saudi Arabia. The probe was <a href="https://www.nytimes.com/2019/08/30/us/politics/universities-foreign-donations.html">reported</a> on by The New York Times
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Air Force One a gift from Qatar that goes personally to POTUS <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> after he leaves! Can someone explain why this is ok but universities are crime committing if they take gifts for science research from Qatar? Can't know till we know all facts but this feels like…
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1921649872471515293?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
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Schiff similarly criticized the arrangement, noting that &#8220;stock brokers can&#8217;t accept gifts worth over $100&#8221; while comparing the situation to monarchical privilege.
The Boeing-manufactured aircraft, described as a &#8220;flying palace,&#8221; will reportedly serve as Air Force One until Trump&#8217;s term ends, after which ownership will transfer to the Trump Presidential Library Foundation by January 2029.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump will get a $400 million Boeing 747-8, described as a flying palace, from the Qatar royal family, to use as Air Force One. After he leaves office ownership of the gift reverts to the Trump Library. Stock brokers can&#39;t accept gifts worth over $100. It&#39;s good to be the king.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1921629840047747094?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45339289/bitcoin-taps-105000-ethereum-steady-dogecoin-falls-as-us-announces-china-trade-deal-analyst-says-btc-in-for-a-price-discovery-uptrend-if-it-secures-a-weekly-close-above-this-lev">Bitcoin Taps $105,000, Ethereum Steady, Dogecoin Falls As US Announces China Trade Deal: Analyst Says BTC In For A &#8216;Price Discovery Uptrend&#8217; If It Secures A Weekly Close Above This Level</a>
Why It Matters: White House Press Secretary Karoline Leavitt defended the arrangement, stating the gift &#8220;complies with all applicable laws&#8221; and emphasizing the administration&#8217;s commitment to &#8220;full transparency.&#8221; Qatar&#8217;s media attaché confirmed the transfer is under consideration by <a href="https://www.benzinga.com/25/05/45338985/trump-reportedly-set-to-accept-flying-palace-from-qatar-white-house-says-lavish-gift-of-boeing-jumbo-jet-complies-with-all-applicable-laws">defense authorities in both countries</a>.
Trump defended the transaction on Truth Social, calling it &#8220;a very public and transparent transaction&#8221; that provides a temporary replacement for the aging 40-year-old Air Force One fleet while criticizing Democrats who &#8220;insist we pay, TOP DOLLAR, for the plane.&#8221;
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/12022151/Screenshot-2025-05-12-at-11.50.59%E2%80%AFAM-1024x457.png" alt="" class="wp-image-911326" style="width:624px;height:auto" /><figcaption class="wp-element-caption">Source: President Donald Trump&#8217;s Truth Social account. </figcaption></figure>
The controversy emerges amid Boeing&#8217;s ongoing delays in delivering new Air Force One aircraft. Originally scheduled for 2024 delivery, the replacement <a href="https://www.benzinga.com/government/regulations/25/05/45277106/trumps-air-force-one-delayed-until-2027-as-boeing-struggles-with-trade-offs-air-force-official-tells-lawmakers">jets aren&#8217;t expected until 2027</a>. 
Photo courtesy: Rawpixel.com / Shutterstock.com
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<li><a href="https://www.benzinga.com/general/health-care/25/05/45339399/trump-says-prescription-drug-prices-set-to-drop-by-30-to-80-almost-immediately-thanks-to-most-favored-nation-plan-mark-cuban-urges-president-to-force-tran">Trump Says Prescription Drug Prices Set To Drop By 30% To 80% &#8216;Almost Immediately&#8217; Thanks To &#8216;Most Favored Nation&#8217; Plan, Mark Cuban Urges President To &#8216;Force Transparency&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump's $400 Million Boeing Jet Gift From Qatar Sparks Outcry From Larry Summers, Peter Schiff: 'Banana-Republic-Level Corruption'

Renowned investor Cathie Wood spotlighted an analyst&#8217;s views about the transformative potential of cryptocurrency and artificial intelligence in the financial services sector on Sunday.
What Happened: In an X post, Wood, the CEO of ARK Invest, recommended a podcast episode featuring Nikil Viswanathan, co-founder&nbsp;and CEO of web3 development&nbsp;platform Alchemy. 
In the podcast, Vishwanathan said, &#8220;Crypto&nbsp;is fundamentally the rails that&nbsp;AI is going to run&nbsp;on.&#8221; He explained the underlying gap that existed in how AI agents executing various services transact.
&#8220;AI cannot get a bank account. AI cannot walk into a branch. AI cannot have a cheque book,&#8221; Viswanathan added. He said that while individuals can give agents their own account, banks won&#8217;t allow the agents to use them.
&#8220;Even more than humans, crypto was made for AI,&#8221; he stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you would like to understand from a high level how crypto and AI are going to transform financial services and asset ownership over the next ten years, this podcast is one of the best we have done. Thank you <a href="https://twitter.com/nikil?ref_src=twsrc%5Etfw">@nikil</a> and Alchemy! <a href="https://t.co/cVCL99Wqmv">https://t.co/cVCL99Wqmv</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1921293629768761677?ref_src=twsrc%5Etfw">May 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45335892/decade-old-bitcoin-whale-emerges-transfers-207-51-million-btc-with-nearly-112000-profit" target="_blank" rel="noreferrer noopener">Decade-Old Bitcoin Whale Emerges, Transfers $207.51 Million BTC With Nearly 112,000% Profit</a>
Spiker Helms, an X user, questioned why the agents cannot utilize credit cards for transactions. In response, a blockchain enthusiast using the alias look black talk white argued that an AI agent cannot fill out details such as first name, last name, and date of birth to obtain a credit card.
Why It Matters: Wood&#8217;s bullish stance on cryptocurrency and AI isn&#8217;t new. In a recent interview, <a href="https://www.benzinga.com/25/05/45319531/cathie-wood">she stated that AI</a> would &#8220;disrupt the traditional world order&#8221; and replace search engines like Google.
As for cryptocurrency, she and her firm have consistently maintained a bullish outlook on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world&#8217;s leading cryptocurrency. She<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range"> reaffirmed that BTC</a> would hit a minimum of $700,000 in the coming years, a surge of at least 580% from its current value.
Price Action:  At the time of writing, Bitcoin was exchanging hands at $103,963.03 up 0.01% 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>.
Photo Courtesy: aslysun on Shutterstock.com 
Read Next: 
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<li><a href="https://benzinga.com/economics/macro-economic-events/25/05/45339503/recession-odds-fall-below-50-on-polymarket-as-crypto-bettors-assess-the-us-china-trade-deal" target="_blank" rel="noreferrer noopener">Recession Odds Fall Below 50% On Polymarket As Crypto Bettors Digest US-China Trade Deal News</a></li>
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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>

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