Ball (NYSE:BALL) Bolsa

BALL CORP

Ball

Ball is the world's largest metal can manufacturer with market share over 30% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (48% of 2024 revenue), beverage packaging, EMEA (29%), beverage packaging, South America (17%)—and it generated $12 billion in revenue in 2024.

Ball Corp

Ballard Power Systems, Inc. - Common Shares

Ballard Power Systems Inc

Ballast Small/Mid Cap ETF

BALLISTIC RECOVRY SYS INC by Ballistic Recovery Systems, Inc.

Ballistic Recovery Systems Inc

BALLSTON SPA BNCRP INC by Ballston Spa Bancorp, Inc.

Ballston SpA Bancorp Inc

Bally Corp

Ballys Corp

Renowned tech bull Dan Ives has significantly raised his price target for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to $500, signaling a strong bullish outlook driven by the imminent arrival of what he terms the &#8220;golden age of autonomous&#8221; vehicles.
What Happened: Ives conveyed his updated stance via an X post, emphasizing the pivotal role of upcoming developments for the electric vehicle giant.
&#8220;We believe the golden age of autonomous is now on the doorstep for Tesla with the Austin launch next month kicking off this key next chapter of growth for Musk &amp; Co.,&#8221; stated Ives.
His revised price target reflects an anticipation of substantial future value creation for the company. &#8220;we are raising our price target to $500 reflecting this massive stage of valuation creation ahead,&#8221; Ives added, underscoring the profound impact he expects autonomous technology to have on Tesla&#8217;s market capitalization.
The price target for the company stood at $350 per share before the update, thus representing a 42.85% increase.
The &#8220;Austin launch&#8221; next month appears to be a key catalyst in Ives&#8217; assessment, suggesting that the expansion of Tesla&#8217;s autonomous capabilities and related initiatives from its Austin facility will be a major driver of this new growth phase for Elon Musk&#8216;s enterprise.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We believe the golden age of autonomous is now on the doorstep for Tesla with the Austin launch next month kicking off this key next chapter of growth for Musk &amp; Co. and we are raising our price target to $500 reflecting this massive stage of valuation creation ahead. &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f3c5;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1925841823282393561?ref_src=twsrc%5Etfw">May 23, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/05/45582025/stock-market-is-underpricing-downside-risks-of-the-tariff-rates-warns-expert-tariff-policy-nuances-are-far-more-important-than-the-one-big-beautiful-bill">Stock Market Is Underpricing &#8216;Downside Risks Of The Tariff Rates,&#8217; Warns Expert: Tariff Policy Nuances Are &#8216;Far More Important&#8217; Than The &#8216;One Big, Beautiful Bill&#8217;</a>
Why It Matters: According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Tesla shares are trading at a price nearly 158.730 times its 2026 earnings. At the same time, the average <a href="https://www.benzinga.com/general/market-summary/25/05/45539236/tesla-is-6x-more-expensive-than-its-peers-and-the-most-overvalued-mag-7-stock-gordon-johnson-questions-fundamentals-as-elon-musk-shrugs-off-concerns">forward price-to-earnings</a> of its peers stood at 25.75 times, implying that Tesla was 6.16 times more expensive than its industry&#8217;s average. 
The shares were down 10.08% year-to-date, but it has returned by 36.01% just in the last month. TSLA was up 96.29% over the year. On Thursday, it ended 1.92% higher, and it advanced 1.40% in premarket on Friday.
Meanwhile, 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, were flat in premarket on Friday. The SPY was down 0.026% to $583.00, while the QQQ declined 0.099% to $513.52, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
TSLA has a consensus ‘hold&#8217; with a consensus price target of $292.93, according to the <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">27 analysts tracked by Benzinga</a>. The targets range from $19.05 to $500. Recent ratings by Mizuho, Wedbush, and Guggenheim suggest a $303.33 target, implying a 12.26% downside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="388" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061100/ANR-TESLA-1024x388.png" alt="" class="wp-image-925741" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061100/ANR-TESLA-1024x388.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061100/ANR-TESLA-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061100/ANR-TESLA-768x291.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061100/ANR-TESLA.png 1396w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Benzinga Edge Stock Rankings shows that Tesla had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid, however, its value ranking was poor at the 8.76th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="140" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061035/EDGE-Tesla-new-1024x140.png" alt="" class="wp-image-925739" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061035/EDGE-Tesla-new-1024x140.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061035/EDGE-Tesla-new-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061035/EDGE-Tesla-new-768x105.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23061035/EDGE-Tesla-new.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45581555/growth-vs-value-expert-views-collide-on-the-impact-of-trumps-big-beautiful-bill">Growth Vs. Value: Expert Views Collide On The Impact Of Trump&#8217;s &#8216;Big, Beautiful&#8217; Bill</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image Via Shutterstock

Analyst Color

Equities

Market Summary

News

Broad U.S. Equity ETFs

Futures

Markets

Analyst Ratings

ETFs

General

TSLA

TSLA Stock Jumps In Friday Premarket As Wedbush's Dan Ives Raises Price Target To $500, Citing 'Golden Age Of Autonomous' Vehicles

Needham analyst Laura Martin reiterates Nexxen International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXN#NASDAQ">NEXN</a>) with a Buy and maintains $14 price target.

Price Target

Reiteration

NEXN

Needham Reiterates Buy on Nexxen International, Maintains $14 Price Target

WestPark Capital analyst Curtis Shauger maintains Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Buy and raises the price target from $315 to $328.

WDAY

WestPark Capital Maintains Buy on Workday, Raises Price Target to $328

U.S. stock futures were fluctuating on Friday after a mixed close on Thursday. Futures of major benchmark indices were mixed in premarket.
The week began with the market shrugging off <a href="https://www.benzinga.com/news/econ-s/25/05/45479078/moodys-downgrades-us-credit-rating-over-debt-deficit-concerns">Moody&#8217;s downgrade of the U.S. government debt</a>, however, it slipped later in the week as investors started assessing the impact of the new tax bill proposed by the Donald Trump administration, known as the &#8220;One, Big, Beautiful Bill.&#8221;
While the tax bill is expected to <a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">add $3.8 trillion</a> to the U.S. debt as per Congressional Budget Office estimates, it was <a href="https://www.benzinga.com/news/25/05/45581297/trumps-big-beautiful-3-8-trillion-bill-squeaks-through-house-expert-says-it-will-boost-the-economy-in-the-short-term-but-worsen-deficitshttps://www.benzinga.com/news/25/05/45581297/trumps-big-beautiful-3-8-trillion-bill-squeaks-through-house-expert-says-it-will-boost-the-economy-in-the-short-term-but-worsen-deficits">passed by the U.S. House of Representatives</a> on Thursday by a 215-214 margin.
Meanwhile, the 10-year Treasury bond yielded 4.51% and the two-year bond was at 3.98%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;</a>s projections show markets pricing a 94.7% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
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<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.07%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.03%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.04%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.13%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. The SPY was up 0.16% to $584.05, while the QQQ advanced 0.21% to $515.09, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Sectoral moves drove a mixed day for U.S. stocks Thursday, as the Nasdaq Composite rose over 50 points while most S&amp;P 500 sectors closed lower.
Utilities, healthcare, and energy stocks saw the biggest losses. Conversely, consumer discretionary and communication services bucked the trend, finishing higher.
Economic data showed U.S. initial jobless claims falling to 227,000, beating estimates, and both S&amp;P Global services and manufacturing PMIs climbing to 52.3 in May.
Meanwhile, Advance Auto Parts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) shares surged 57% after strong Q1 results, and Vigil Neuroscience Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIGL#NASDAQ">VIGL</a>) skyrocketed 241% on news of a Sanofi acquisition.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.28%</td>
<td>18,925.73</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.044%</td>
<td>5,842.01</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.0032%</td>
<td>41,859.09</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.049%</td>
<td>2,045.56</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Jurrien Timmer, the director of global macro at Fidelity Investments, highlighted in an X post that the long end of the Treasury market was being ignored after the S&amp;P 500 recovered most of its decline below its 52-week high.
&#8220;There's an old saying that &#8216;nothing good ever happens after midnight,&#8217; and we could borrow that phrase and say that nothing good happens above a 5% yield,&#8221; he said, highlighting concerns about higher yields.
He added that &#8220;It's my strong hunch that the next chapter in this market cycle will be driven by rates, as term premia return to their historical pre-QE levels.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">With the S&amp;P 500 recovering most of its decline, little noticed has been the long end of the Treasury market, which is once again nearing the danger zone of 4.5-5.0% (10-year) as the term premium reaches a new cycle high of 74 bps. There's an old saying that "nothing good ever… <a href="https://t.co/riaAUGJOrn">pic.twitter.com/riaAUGJOrn</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1925617154612711785?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
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&#8220;The budget discussion is fueling a lot of concern about deficits and debt levels rising over the long run,&#8221; said Kathy Jones, chief fixed income strategist at Schwab, who noted yields moving higher after the vote.
&#8220;The current proposal is expected to add anywhere from $3 trillion to $5 trillion to the accumulated debt over the next 10 years. The market appears to be voting against this bill and would like to see more fiscal restraint.&#8221;
The bill will now advance to the Senate, where it appears likely to face additional revisions.
&#8220;Congress has set a July target for a final bill to be signed into law, which could look very different than the current version. Consequently, we do not recommend taking actions based on the bill in its current form,&#8221; said Brian Therien of Edward Jones.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul class="wp-block-list">
<li>Kansas City Fed President Jeff Schmid will speak at 9:35 a.m., new home sales data for April will be out by 10:00 a.m., and Federal Reserve Governor Lisa Cook will speak at noon ET.</li>
<li>On Sunday, Federal Reserve Chair Jerome Powell will deliver his commencement address at 2:40 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Booz Allen Hamilton Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) rose 3.09% in premarket on Friday as analysts expect it to report quarterly earnings of $1.59 per share on revenue of $3.03 billion, before the opening bell.</li>
<li>Buckle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) was up 1.45% as Wall Street expects it to report earnings before the opening bell. It is expected to post earnings of 69 cents per share on revenue of $268.06 million.</li>
<li>Frontline PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) advanced 1.92% as analysts expect it to report quarterly earnings of 23 cents per share on revenue of $264.19 million, before the opening bell.</li>
<li>Autodesk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) rose 3.32% after it reported better-than-expected first-quarter financial results, issued strong guidance for the second quarter, and raised its FY26 guidance.</li>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) jumped 7.96% after reporting stronger-than-expected third-quarter financial results and raising its full-year guidance.</li>
<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) surged 43.88% and formed a strategic alliance with M-NEXT Holdings, owner of trading card retailer &#8220;Ryusei no Arashi.&#8221;</li>
<li>Aurinia Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUPH#NASDAQ">AUPH</a>) was 2.78% higher after it announced positive findings from a post-hoc analysis of its AURORA 1 Phase 3 study in lupus nephritis (LN) patients.</li>
<li>Hallador Energy Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNRG#NASDAQ">HNRG</a>) dropped 10.25% as a major agreement, with a prominent global data center developer, was terminated on May 19, 2025.</li>
<li>Xerox Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) slumped 8.79% after slashing its quarterly dividend by 75% to fund a $238 million synergy deal with Lexmark.</li>
<li>Sobr Safe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) zoomed 18.84% after the company reported a year-over-year increase in first-quarter EPS and sales results.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.49% to hover around $60.90 per barrel.
Gold Spot US Dollar rose 1.11% to hover around $3,331.29 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.57% at the 99.3890 level.
Asian markets were mixed on Friday as South Korea's Kospi and China&#8217;s CSI 300 indices declined, whereas India's S&amp;P BSE Sensex, Japan's Nikkei 225, Australia's ASX 200, and Hong Kong's Hang Seng indices rose. European markets were also mixed in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45582025/stock-market-is-underpricing-downside-risks-of-the-tariff-rates-warns-expert-tariff-policy-nuances-are-far-more-important-than-the-one-big-beautiful-bill">Stock Market Is Underpricing &#8216;Downside Risks Of The Tariff Rates,&#8217; Warns Expert: Tariff Policy Nuances Are &#8216;Far More Important&#8217; Than The &#8216;One Big, Beautiful Bill&#8217; </a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

Treasuries

Economics

Pre-Market Outlook

ADSK

AUPH

BLMZ

HNRG

INTU

SOBR

VIGL

US Stocks Likely To Open On A Mixed Note: 'Nothing Good Happens Above A 5% Yield,' Says Expert

HC Wainwright &amp; Co. analyst Heiko Ihle maintains U.S. Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAU#NASDAQ">USAU</a>) with a Buy and raises the price target from $14 to $15.

USAU

HC Wainwright & Co. Maintains Buy on U.S. Gold, Raises Price Target to $15

Defense contractor L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) has agreed to pay $62 million to settle allegations of deceit over equipment pricing sold to the U.S. military. This comes as the company is involved in modifying a luxury Boeing 747 for <a href="https://www.benzinga.com/news/25/05/45579192/trump-said-qatar-gifted-him-a-400-million-jet-but-insiders-say-the-us-initiated-the-deal">the new Air Force One.</a>
What Happened: The Justice Department announced that L3Harris has agreed to settle claims that it misrepresented equipment prices to the U.S. military years ago. The settlement follows the Pentagon's formal acceptance of a luxury Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 747 jet from Qatar's royal family, intended for use as the new Air Force One by President Donald Trump, <a href="https://www.cnbc.com/2025/05/22/trump-gift-jet-qatar-l3harris.html?ref=biztoc.com">reported</a> CNBC.
The false-claims accusations against L3Harris arise from pricing proposals the company submitted for several products bought by the government under &#8220;sole source, fixed price contracts&#8221; from October 2006 to February 2014. The Justice Department claims that L3Harris did not provide accurate, complete, and up-to-date cost or pricing information for these products.
In a statement to CNBC, L3Harris said,&nbsp;&#8220;This matter, which dates back&nbsp;to 2006 &#8211; 2014, has&nbsp;been resolved without any admission&nbsp;of fault or liability.&#8221;&nbsp;
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45581129/trump-gala-dinner-saw-president-wine-and-dine-top-memecoin-holders-as-protestors-flashed-d" target="_blank" rel="noreferrer noopener">Trump Gala Dinner Saw President Wine And Dine Top Memecoin Holders As Protestors Flashed &#8216;Don The Con&#8217; Signs — Exclusive</a>
Why It Matters: This settlement comes at a crucial time for L3Harris. The company has recently been named as a key player in President Trump&#8217;s $175 billion &#8220;Golden Dome&#8221; initiative. The company&#8217;s shares <a href="https://www.benzinga.com/general/space/25/05/45532125/l3harris-stock-moves-higher-after-being-named-in-golden-dome-missile-defense-system">saw a rise</a> after the announcement of the Golden Dome missile defense system, which will involve the company's satellites.
This initiative was expected to significantly benefit L3Harris, as highlighted by <a href="https://www.benzinga.com/government/regulations/25/05/45574763/goldman-sachs-defense-stock-golden-dome">Goldman Sachs</a> analyst Noah Poponak, who reiterated a Buy rating on L3Harris. "LHX continues to see opportunity for margin expansion and free cash flow growth," said Poponak. "It also remains focused on cost and productivity improvement programs."
However, the recent settlement could potentially impact the company&#8217;s future involvement in defense projects, especially under the new administration.
Benzinga's Edge Rankings place L3Harris in the 59th percentile for quality and the 52nd percentile for momentum, reflecting its average performance in both areas. Check the detailed report <a href="https://www.benzinga.com/quote/LHX">here</a>.&nbsp;
Over the past month, L3Harris stock surged 10.58%. 
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45577818/jamie-dimon-says-he-never-bought-into-american-exceptionalism-he-blames-regulation-and-stupid-bureaucracy-for-slo" target="_blank" rel="noreferrer noopener">Jamie Dimon Says He Never Bought Into American Exceptionalism. He Blames Regulation And &#8216;Stupid Bureaucracy&#8217; For Slowing The Country Down</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.

Trump's Chosen Air Force One Contractor L3Harris To Pay $62 Million As Settlement For Misleading US Military

Needham analyst Tom Nikic maintains Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) with a Buy and lowers the price target from $150 to $120.

DECK

Needham Maintains Buy on Deckers Outdoor, Lowers Price Target to $120

BILI

Bilibili Completes $690M Convertible Senior Notes and Offering of Class Z Ordinary Shares in Connection with Hedging Transactions of Certain Convertible Notes Investors and Terms of Concurrent Repurchase

Needham analyst Ami Fadia maintains Merus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) with a Buy and raises the price target from $75 to $88.

MRUS

Needham Maintains Buy on Merus, Raises Price Target to $88

The Federal Trade Commission voted 3-0 on Thursday to dismiss a lawsuit against PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) that accused the beverage giant of offering preferential pricing to major retailers, marking a significant shift from former President Joe Biden-era corporate scrutiny under the President Donald Trump administration.
What Happened: The FTC dropped the case filed in January&#8217;s final days of the Biden administration, with NBC News <a href="https://www.nbcnews.com/business/business-news/biden-era-pepsi-price-discrimination-suit-dropped-ftc-rcna208635">reporting</a> that Chair Andrew Ferguson criticized it as &#8220;a nakedly political effort to commit this administration to pursuing little more than a hunch that Pepsi had violated the law.&#8221; 
Ferguson, who dissented when the case was originally filed as a commissioner, now leads the agency after President Trump fired two Democratic commissioners in March.
The original lawsuit alleged PepsiCo violated the <a href="https://www.benzinga.com/25/01/43063862/whats-going-on-with-pepsico-stock-todayhttps://www.benzinga.com/25/01/43063862/whats-going-on-with-pepsico-stock-today">Robinson-Patman Act</a> by providing unfair pricing advantages to Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) through promotional payments and advertising allowances not extended to competing retailers. 
PepsiCo welcomed the decision, stating it &#8220;has always and will continue to provide all customers with fair, competitive, and non-discriminatory pricing.&#8221; 
See Also: <a href="https://www.benzinga.com/25/05/45581873/top-amd-exec-bets-nearly-1-million-on-stocksignals-confidence-amid-buybacks-easing-tariffs-and-saudi-deal">Top AMD Exec Adds Nearly $1 Million Of The Chipmaker&#8217;s Stock: Signals Confidence Amid Buybacks, Easing Tariffs And Saudi Deal</a> Why It Matters: The case was part of broader Biden administration efforts targeting price discrimination, following a December action against Southern Glazer&#8217;s <a href="https://www.benzinga.com/25/01/43063862/whats-going-on-with-pepsico-stock-todayhttps://www.benzinga.com/25/01/43063862/whats-going-on-with-pepsico-stock-today">wine and spirits distributor</a>.
The <a href="https://www.benzinga.com/general/health-care/25/04/44627279/ftc-pauses-lawsuit-against-cvs-cigna-unitedhealths-pbms-amid-commissioner-shortage?utm_source=chatgpt.com">FTC also paused separate cases</a> against CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>), and UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) over pharmacy benefit manager practices, citing commissioner shortages after Trump&#8217;s personnel changes. 
Image Via Shutterstock 
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Regulations

Politics

Legal

FTC Scraps PepsiCo Price Discrimination Case In 3-0 Vote, Marking Major Shift As Trump-Era Leadership Reverses Biden Crackdown

Entrepreneur and investor Anthony Pompliano said Thursday that the ongoing surge in Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) value is a reaction to impending economic turmoil.
What Happened:&nbsp;During his video podcast, Pompliano dissected the aggressive rally that has sent Bitcoin to new highs. He said&nbsp;the market is pricing in&nbsp;&#8220;tough times&#8221; ahead, making&nbsp;Bitcoin an attractive safe haven.
According to him, Bitcoin&#8217;s value increased as the market became more aware of the implications of the recent tax-cut bill on national debt and deficits.
For context, the House <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45564489/trumps-big-tax-bill-clears-the-house-30-year-yields-jump-to-515-as-bond-market-freaks">approved the $3.8 trillion tax-and-spending package</a> by the barest of margins, raising fears about long-term debt sustainability and pushing bond rates to levels not seen since October 2023.
<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">Bonds are talking and bitcoin is listening. Governments are now capitulating. They can&#39;t stop spending so they claim we are headed back towards growth. The asset purpose-built for this situation will continue to shine. <a href="https://t.co/x2edf0Xq9O">pic.twitter.com/x2edf0Xq9O</a>
&mdash; Anthony Pompliano &#x1f32a; (@APompliano) <a href="https://twitter.com/APompliano/status/1925595065788870946?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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&#8220;The markets are pricing in&nbsp;stronger growth, higher inflation and&nbsp;higher for longer interest rate&nbsp;policy,&#8221; Pompliano said. &#8220;This is the best&nbsp;marketing campaign for Bitcoin you&nbsp;could ever have.&#8221;
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45570094/anthony-scaramucci-says-thin-supply-is-driving-bitcoin-to-new-all-time-highs" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Thin Supply Is Driving Bitcoin To New All-Time Highs</a>
Why It Matters:&nbsp;Pompliano&#8217;s remarks echoed his previous views on the<a href="https://www.benzinga.com/25/05/45558647/anthony-pompliano-says-dollar-debasement-will-skyrocket-asset-prices-says-it-is-now-clear-there-is-a-near-zero-percent-chance"> impact of dollar debasement</a> on asset prices. 
Earlier this week, he stated that the odds of a U.S. balanced budget are now &#8220;near zero&#8221; and projected that a weaker dollar will keep pushing up the prices of financial assets.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $111,169.33, up 0.50% 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>.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45536067/michael-saylor-uses-dmc-delorean-back-to-the-future-reference-to-promote-bitcoinshiba-inu-joins-in" target="_blank" rel="noreferrer noopener">Michael Saylor Drops &#8216;Back To The Future&#8217; Reference To Promote Bitcoin, Shiba Inu Flaunts Its Own DeLorean Links</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>
Photo Courtesy: egaranugrah on Shutterstock

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

Cryptocurrency

$BTC

Bitcoin's Rise A Response To Debt, Inflation Concerns, Says Anthony Pompliano: 'This Is The Best Marketing Campaign For BTC'

Needham analyst Serge Belanger reiterates Arcutis Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQT#NASDAQ">ARQT</a>) with a Buy and maintains $20 price target.

ARQT

Needham Reiterates Buy on Arcutis Biotherapeutics, Maintains $20 Price Target

Needham analyst Quinn Bolton reiterates Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) from Hold to Hold.

Needham Reiterates Hold on Analog Devicesto Hold

Needham analyst Tom Nikic reiterates Ralph Lauren (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>) with a Buy and maintains $310 price target.

Needham Reiterates Buy on Ralph Lauren, Maintains $310 Price Target

Greg Abel, <a href="https://www.benzinga.com/news/management/25/05/45429435/warren-buffett-explains-why-he-couldnt-deny-greg-abel-the-top-job-at-berkshire-hathaway-any-longer-hes-a-natural">set to succeed Warren Buffett </a>as CEO of Berkshire Hathaway, started his career pushing for geothermal energy in California. But as he prepares to take over from one of the world's most influential investors, Abel now oversees a huge fossil fuel empire and defends coal power, even as the climate crisis worsens.
What Happened: <a href="https://www.benzinga.com/25/05/45237968/5-facts-you-might-not-know-about-warren-buffett-successor-greg-abel">Abel started </a>at CalEnergy in 1992, according <a href="https://www.latimes.com/environment/newsletter/2025-05-08/warren-buffetts-successor-got-started-selling-clean-energy-now-he-defends-coal">to</a> the Los Angeles Times. Working with geothermal plants at the Salton Sea and China Lake that produced clean electricity, he rose through the ranks, ultimately becoming president.
In 1999, CalEnergy purchased MidAmerican Energy, and soon, Buffett's Berkshire Hathaway became a major investor. This deal marked Buffett's entry into the energy sector and brought Abel into his inner coterie.
Despite his start in clean energy, at the company's annual meeting in Omaha, Abel responded to a question about Berkshire's coal pollution, which is ranked worst among major U.S. firms for nitrogen oxide emissions according to a Reuters investigation, by stating that utilities like MidAmerican were molded by state policies.
"We had to recognize we implement public policy across these states," he said. Abel also said that coal plants were still vital to grid stability, particularly in Iowa, where five coal units are still operational.
See Also: <a href="https://www.benzinga.com/hedge-funds/25/05/45499198/buffett-ackman-icahn-take-a-beating-as-billionaires-weather-q1-chaos">Buffett, Ackman, Icahn Take A Beating As Billionaires Weather Q1 Chaos</a>
Why It Matters: Abel's comments, alongside Berkshire's lobbying record, indicate that the company is reluctant to hasten a transition to clean energy.
Grassroots environmental organization Sierra Club criticized Abel's response, saying: "Berkshire has teams of aggressive lobbyists and lawyers who fight against any regulation on the state and federal levels that would incentivize transitions to clean energy."
As per data&nbsp;compiled&nbsp;by OpenSecrets.org, Berkshire spent $65 million lobbying the federal government in the last ten years. It has called for the loosening of air pollution regulations and filed lawsuits against federal and state environmental policies.
The company has also delayed closures of its coal plants in Utah and Wyoming, and is asking the Trump administration to block pollution-control mandates put in place to protect air quality in national parks.
While California has almost eliminated coal from its power mix, Berkshire's PacifiCorp still operates six coal plants across the Western U.S. A PacifiCorp spokesperson told the LA Times that coal retirement timelines are not firm commitments, and said they are subject to change.
Meanwhile, according to Bloomberg, <a href="https://www.bloomberg.com/opinion/articles/2025-05-05/buffett-s-successor-has-an-oxy-sized-hole-to-dig-out-of">Berkshire's investment in Occidental Petroleum</a> stock has not turned out to be a successful bet, with analysts estimating that the company suffered around $4.5 billion in losses.
As <a href="https://www.benzinga.com/markets/25/05/45183000/warren-buffetts-right-hand-man-greg-abel-is-quietly-taking-over-day-to-day-leadership-at-berkshire-hathaway-gotten-much-more-involved-in-capital-allocation-decisions">Abel steps into Buffett's role</a>, the contrast between his earlier involvement in clean energy and current coal-friendly stance raises questions about the future path of one of America's most impactful companies.
Read Next:
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<li><a href="https://www.benzinga.com/markets/25/05/45568741/warren-buffett-convinced-me-to-focus-more-on-stocks-and-less-on-crypto-etoro-ceo-says">Warren Buffett Convinced Me To Focus More On Stocks And Less On Crypto, eToro CEO says</a></li>
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Photo courtesy: mark reinstein / Shutterstock.com

Warren Buffett's Berkshire Hathaway Runs The Dirtiest Coal Plants In America: His Successor Greg Abel Is Defending Them Despite Starting Out In Clean Energy

President&nbsp;Donald Trump&#8217;s&nbsp;&#8220;big beautiful bill&#8221; has been approved by the House, marking a significant step towards its potential impact on Americans&#8217; finances.
What Happened: The bill, passed on Thursday, is a comprehensive piece of legislation that extends the President&#8217;s 2017 tax cuts and introduces substantial alterations to the tax system, <a href="https://www.businessinsider.com/big-beautiful-bill-affects-taxes-student-loans-maga-accounts-2025">reported</a> Business Insider. The bill also contains measures related to Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
The bill covers a range of tax measures, such as eliminating taxes on tips and overtime pay, introducing a $4,000 tax deduction for seniors earning under $75,000 a year, and raising the child tax credit from $2,000 to $2,500 through 2028. It also makes Trump's 2017 tax cuts permanent and increases the state and local tax deduction limit from $10,000 to $40,000.
The bill proposes ending income-driven student loan repayment plans, including Biden's SAVE plan, and introducing two new options: the Repayment Assistance Plan and a standard repayment plan.
Low-income Americans on Medicaid and SNAP are set to see major changes, including a monthly 80-hour work requirement for certain childless Medicaid recipients by 2026 and expanded SNAP work requirements for adults aged 55 to 64.
The bill proposes &#8220;Trump accounts,&#8221; offering $1,000 government deposits for babies born between Dec. 31, 2024, and Jan. 1, 2029, along with tax incentives and reduced long-term capital gains tax rates for parents.
SEE ALSO: <a href="https://benzinga.com/markets/cryptocurrency/25/05/45562596/bitcoin-breaks-111000-as-experts-hail-regime-shift" target="_blank" rel="noreferrer noopener">Bitcoin Breaks $111,000 As Experts Hail &#8216;Regime Shift&#8217; </a>
Why It Matters: The bill, which is part of Trump&#8217;s tax-and-spending package, has been&nbsp;narrowly <a href="https://www.benzinga.com/news/25/05/45581297/trumps-big-beautiful-3-8-trillion-bill-squeaks-through-house-expert-says-it-will-boost-the-economy-in-the-short-term-but-worsen-deficits">passed </a>by the House&nbsp;with a 215-214 margin. The bill may boost the economy short term, but experts warn it could raise fiscal deficits due to tax cuts and increased defense spending.
However, the bill has also been criticized for potentially <a href="https://www.benzinga.com/markets/25/05/45559059/trumps-big-beautiful-bill-could-be-3-1-trillion-jackpot-for-affluent-americans-like-elon-musk-and-jeff-bezos-report">exacerbating </a>wealth inequality. A report by Oxfam America suggests that the proposed tax cuts would disproportionately benefit the affluent, further stacking the odds against ordinary citizens. Meanwhile, an economics professor analyzed that the top 10% of households would receive approximately $3.1 trillion in tax cuts over a decade.
The 10-year Treasury yield dipped to 4.53% on Thursday, but remains elevated, reflecting investors&#8217; increased demand for compensation due to fiscal risk.
Stock markets showed mixed reactions, with the S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), edging 0.039% higher to close at $583.09 on Thursday, while Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 0.19% to close at $514.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin &#8211; Benzinga</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.

Trump's 'Big Beautiful Bill' Passes House: Taxes, Student Loans, Medicaid And What Else Is Changing For American Families

Tuniu Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated May 19, 2025, indicating that for the last 30 consecutive business days, the closing bid price for the Company's American depositary shares (the "ADSs") was below the minimum bid price of US$1.00 per share requirement set forth in&nbsp;Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification letter&nbsp;has no current effect on the listing or trading of the Company's securities on the Nasdaq Global Market.
Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until November 17, 2025, to regain compliance under the Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the Company's ADSs&nbsp;is US$1.00 per share or higher&nbsp;for a minimum of ten consecutive business days, the Nasdaq will provide the Company written confirmation of compliance and the matter will be closed.
In the event the Company does not regain compliance by November 17, 2025, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-day compliance period.
The Nasdaq notification letter will have no effect on the Company's business operations, and the Company will take all reasonable measures to regain compliance.

Government

TOUR

Tuniu Gets Nasdaq Warning After Shares Fall Below $1, Has Until November to Regain Compliance

Finance ministers and central bankers from the G7, which includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, have pledged to tackle &#8220;excessive imbalances&#8221; in global trade practices after three days of talks in Canada.
What Happened: The G7 statement mentions "nonmarket policies and practices", which is a phrase typically used to refer to China's state subsidies and currency management strategies. According <a href="https://www.theguardian.com/world/2025/may/22/g7-china-trade">to</a> the Guardian, the statement notably did not include past pledges on climate action and adopted a softer tone on the Ukraine war.
While the joint statement did not mention China directly, the language indicated a position against <a href="https://www.benzinga.com/25/05/45534527/china-warns-of-legal-retaliation-against-us-chip-sanctions-threatens-lawsuits-for-aiding-discriminatory-tech-crackdown">state-driven economic policies</a> typically linked with Beijing.
The earlier G7 description of the war as an "illegal, unjustifiable, and unprovoked war of aggression" was replaced with censure of Russia's "continued brutal war." U.S. Treasury Secretary Scott Bessent said the meeting "went great."
German finance minister Lars Klingbeil advocated for a speedy resolution of trade tensions, calling U.S. tariffs "a heavy burden on the global economy," adding, "Our hand is extended."
Canada's François-Philippe Champagne said: "We found common ground on the most pressing global issues that we face&#8230; I think it sends a very clear signal to the world &#8230; that the G7 is united in purpose and in action."
He also noted that tariffs were discussed in detail: "We're trying to enhance growth and stability. And obviously tariffs are something in that context that you can't avoid discussing."
See Also: <a href="https://www.benzinga.com/news/global/25/05/45579810/as-trump-xi-jinping-silence-drags-on-china-and-us-reopen-diplomatic-lines-amid-looming-trade-truce-deadline-and-tech-tensions">As Trump-Xi Jinping Silence Drags On, China And US Reopen Diplomatic Lines Amid Looming Trade Truce Deadline And Tech Tensions</a>
Why It Matters: Despite the communique's reference to "nonmarket practices," highlighting a coordinated move to confront China's trade playbook, US tariffs remained a point of contention. Open conflict was avoided, but the omission of this issue from the text contrasts with strong views articulated during the meeting, especially Canada's call to roll back <a href="https://www.benzinga.com/news/25/03/44253100/trump-slaps-50-tariff-on-canadian-steel-aluminum-threatens-auto-industry">tariffs on steel and aluminum.</a>
The changed language on Ukraine also reflects shifting diplomatic tides. President Donald Trump has <a href="https://www.benzinga.com/news/global/25/05/45487501/trump-pushes-for-russia-ukraine-ceasefire-to-end-bloodbath-in-high-stakes-calls-with-russian-president-and-zelenskyy-amid-drone-attacks">questioned U.S. support for Kyiv</a> and implied Ukraine is also to blame for the conflict.
His position has influenced G7 rhetoric, but peace talks between Russia and Ukraine did not result in significant in-person engagement last week in Istanbul. Reports of further negotiations at the Vatican were dismissed by the Kremlin, which said new talks "have yet to be agreed."
This G7 finance summit sets the tone for the leaders' summit in June, which President Trump is expected to attend.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45579330/tucker-carlson-agrees-trumps-middle-east-business-deals-seem-like-corruption-after-ai-defense-announcements-spark-conflict-of-interest-concerns">Tucker Carlson Agrees — Trump Organization&#8217;s Middle East Deals Seem &#8216;Like Corruption&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Global

G7 Targets China's State-Driven Trade Tactics Without Naming It, Pledging Action Against 'Nonmarket Practices'

Earnings

MNSO

MINISO's Same-Store Sales In Mainland China Saw A Notable Improvement In The March Quarter, With The Decline Narrowing To The Mid-Single Digits

CBRE

CBRE Group Says Canadian Resource Roadways Concluded A Definitive Agreement To Acquire A 24 Km Section Of The East Exit Road, Together With Ancillary Existing Roadways In Alberta's Clearwater Region

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