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Cargo Therapeutics

Cargo Therapeutics Inc is a clinical-stage biotechnology company positioned to advance next generation, potentially curative cell therapies for cancer patients. It programs, platforms, and manufacturing are designed to directly address the limitations of approved chimeric antigen receptor (CAR) T-cell therapies. Its product includes CRG-023, an investigational tri-specific CAR T designed to address several known causes of relapse associated with existing CAR T-cell therapies such as loss of tumor antigen expression, loss of co-stimulation (e.g., via CD58/CD2 signaling) and T cell exhaustion. CRG-023 is designed to target the B-cell lineage antigens (CD19, CD20, CD22) via tri-cistronic expression of three distinct CARs from a single lentiviral vector.

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Alterity Therapeutics Limited - American Depositary Shares

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Cargo Therapeutics Inc

Macro Economic Events

News

Econ #s

Economics

Reported Earlier, Chinese Unemployment Rate For March 5.2% Vs. 5.3% Est.; 5.4% Prior

Reported Earlier, China Industrial Production Year to Date (YoY) For March 6.5% Vs. 5.9% Prior

ASML intends to declare a total dividend for the year 2024 of €6.40 per ordinary share, which is a 4.9% increase compared to 2023.
Recognizing the three interim dividends of €1.52 per ordinary share paid in 2024 and 2025, this leads to a final dividend proposal to the Annual General Meeting of €1.84 per ordinary share.

Dividends

ASML

ASML Proposed 2024 Dividend Of €6.40/Share, Up By 4.9% YoY

Reported Earlier, China Industrial Production (YoY) For March 7.7% Vs. 5.9% Est.; 5.9% Prior

Reported Earlier, China Gross Domestic Product (GDP) Year to Date (YoY) For Q1 5.4% Vs. 5.0% Prior

Reported Earlier, China Gross Domestic Product (YoY) For Q1 5.4% Vs. 5.2% Est.; 5.4% Prior

Reported Earlier, China Gross Domestic Product (QoQ) For Q1 1.2% Vs. 1.4% Est.; 1.6% Prior

<ul>
<li>Quarterly net bookings in Q1 of €3.9&nbsp;billion of which €1.2&nbsp;billion is EUV</li>
<li>ASML expects Q2 2025 total net sales between €7.2 billion and €7.7 billion, and a gross margin between 50% and 53%</li>
</ul>

Earnings

ASML Reports Q1 Net Bookings Of €3.94B Up From €3.61B YoY, Including €1.2B In EUV Orders

Reported Earlier, China Fixed Asset Investment (YoY) For March 4.2% Vs. 4.1% Est.; 4.1% Prior

"We expect second-quarter total net sales between €7.2 billion and €7.7 billion, with a gross margin between 50% and 53%. We expect R&amp;D costs of around €1.2 billion and SG&amp;A costs of around €300 million. As we previously communicated, we expect total net sales for the year between €30 billion and €35 billion, with a gross margin between 51% and 53%, subject to the uncertainties mentioned earlier," said ASML President and Chief Executive Officer Christophe Fouquet.

Guidance

ASML Expect Q2 Net Sales Between €7.2B-€7.7B Vs. €7.73B Est. And Gross Margin Between 50%-53%; Reiterated FY25 Net Sales Of €30B-€35B Vs. €32.41B Est.

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) board member and Elon Musk&#8217;s brother, Kimbal Musk, warned on Wednesday that Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) faces significant challenges as U.S.-China trade tensions escalate, potentially benefiting European rival Airbus (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>).
What Happened: &#8220;Boeing is now cancelled in China. The great decoupling begins,&#8221; Musk wrote on X, highlighting that each Boeing plane manufactured in America contains approximately 10,000 Chinese-made parts.
His comments follow China&#8217;s orders to its airlines to halt Boeing jet deliveries and refrain from purchasing aircraft-related parts from U.S.-based companies. This response to President Donald Trump&#8216;s reciprocal tariffs comes after <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44822589/boeing-stock-is-sliding-tuesday-whats-going-on">China imposed 125% retaliatory tariffs</a> on American goods over the weekend.
&#8220;Boeing&#8217;s prices to Americans will jump sky high because parts to make their planes will be much more expensive,&#8221; Musk cautioned. &#8220;This means we will make less planes and enable Airbus to take up the demand that Boeing can&#8217;t supply anymore to the world.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Boeing is now cancelled in China. The great decoupling begins. Or so it seems. The reality is that Boeing's planes that are manufactured in America, for Americans, include about 10,000 Chinese made parts. In each plane. In China, they use American made avionics and engines in…
&mdash; 
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Equities

Global

Markets

EADSF

Kimbal Musk Warns Of Boeing's Decline Amid US-China Decoupling: Fewer Planes, Pricier Parts, And Lost Jobs As Airbus Gains Ground

Earnings Beats

Earnings Misses

ASML Holding Q1 2025 GAAP EPS €6.00 Beats €5.79 Estimate, Sales €7.742B Miss €7.824B Estimate

Chamath Palihapitiya called marijuana "the most insidious of drugs", expressing concern over its effects on young people. 
What Happened: In his post, Palihapitiya argued that while cannabis is legal in many states, its relative ease of access and discreet forms — vapes, gummies, and other easily available products — pose a particular risk to teens. He pointed to emerging scientific data, including an <a href="https://www.scientificamerican.com/article/the-link-between-cannabis-and-psychosis-in-teens-is-real/">analysis</a> in the Scientific American, that links high-potency cannabis use to mental health issues such as psychosis.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think marijuana is the most insidious of drugs. It is legal in many states, is socially acceptable to many and is relatively easy for kids to hide, access and consume (vape, gummies etc). But the science is beginning to tell a very ugly story. We should have never legalized…
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1912149790541889671?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
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Palihapitiya wrote, "We should have never legalized it. But now that it is, I hope we do something to mandate standard toxicity and concentration labeling at a minimum. This stuff is turning a plurality of our kids into zombies."
See also: <a href="https://www.benzinga.com/news/global/25/04/44830828/us-is-unreasonable-bullying-and-imposing-tariffs-abusively-says-hong-kong-post-operator">Hong Kong Post Operator Refuses To Collect Trump Tariffs, Calls US An Unreasonable Bully</a>
He shared excerpts from a first-person account detailing a teenager's progression from recreational marijuana use to a serious psychotic disorder, suggesting today's genetically modified strains are far stronger than those smoked by previous generations.
The referenced piece emphasizes the potential for young brains to be especially vulnerable to THC, highlighting studies that show an association between cannabis use and an increased risk of psychosis. It also recommends strategies for parents, such as fostering "cannabis literacy," maintaining open lines of communication, and seeking professional help promptly if warning signs appear.
Why It Matters: Palihapitiya isn&#8217;t posting about his concerns around marijuana labeling and the lack of dosage restrictions for the first time. The tech investor in a <a href="https://www.benzinga.com/markets/cannabis/23/07/33155053/chamath-palihapitiya-supports-cannabis-legalization-calls-for-fed-oversight-on-dosage-potency-la">post in 2023</a> warned that modern cannabis is far stronger than in previous decades, referencing a Wall Street Journal report linking it to mental illness.
Palihapitiya, then, urged the FDA to mirror its tobacco oversight by systematically regulating marijuana's potency. He cautions that high-THC products risk inflicting "far more harm than good without such guardrails."
That said, it is worth noting that consistent with data from the Centers for Disease Control and Prevention and the National Survey on Drug Use and Health, the University of Michigan's annual Monitoring the Future report finds <a href="https://www.benzinga.com/news/legal/24/12/42694980/cannabis-use-among-teens-plummets-to-30-year-low-study-finds">cannabis use by young people</a> at a 30-year low, based on responses from about 24,000 students in grades 8, 10 and 12 across the U.S.
A separate study by the Journal of the American Medical Association in 2021 also found that marijuana <a href="https://www.benzinga.com/markets/cannabis/21/09/22834012/study-confirms-no-relation-between-marijuana-legalization-and-increased-use-among-teenagers">legalization laws</a> are not associated with increased use among high school students.
Photo Courtesy: Kathy Hutchins on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/equities/25/04/44830819/big-short-fame-steve-eisman-says-nvidias-best-days-are-not-behind-it-but-trump-is-the-wild-card-in-current-market">&#8216;Big Short&#8217; Fame Steve Eisman Says Nvidia&#8217;s &#8216;Best Days Are Not Behind It&#8217; But Trump Is The Wild Card In Current Market</a>

Cannabis

Health Care

General

Chamath Palihapitiya Says Marijuana Should Never Have Been Legalized: Turning 'Our Kids Into Zombies'

Cathie Wood, the founder of asset management firm&nbsp;Ark Invest, hailed the sharp growth of decentralized finance vis-à-vis centralized finance on Tuesday, calling it a &#8220;financial services revolution.&#8221;
What Happened:&nbsp;The influential investor was responding to an X post by Lorenzo Valiente. Director of Research at Ark Invest, who highlighted &#8220;strong, secular trends&#8221; in DeFi.
Valente pointed out that despite&nbsp;market volatility and macro uncertainty, DeFi&#8217;s share in futures trading has grown from 1.6% to 7% since the fourth quarter of 2022, while its share in spot trading has surged from 7% to 20%.
Even more fascinating was the jump in DeFi&#8217;s share in lending, widening from 15% to over 60%. &#8220;DeFi isn't just surviving — it's scaling,&#8221; Valented said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Financial services revolution. <a href="https://t.co/LKEWW4d3TE">https://t.co/LKEWW4d3TE</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1912353563373690990?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44603859/bitcoin-braces-for-trump-tariff-announcement-short-term-optimism-has-the-upper-hand-experts-say" target="_blank" rel="noreferrer noopener">Bitcoin Braces For Trump Tariff Announcement: &#8216;Short-Term Optimism&#8217; Has The Upper Hand, Experts Say</a>
Why It Matters:&nbsp; Wood&#8217;s optimism comes at a time when DeFi is making significant strides in the financial sector. 
According to DeFiLlama, the decentralized cryptocurrency exchanges <a href="https://defillama.com/dexs">recorded </a>a volume of $6.82 billion in the last 24 hours, with Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>) and Raydium (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">RAY</a>) being the main drivers. The DEX-to-CEX dominance was over 25%, indicating that decentralized exchanges logged a quarter of the volume compared to centralized exchanges.
Unlike CeFi, the traditional system that relies on banks and governments to control the flow of money, DeFi utilizes peer-to-peer blockchain technology to facilitate transactions, making it possible to avoid intermediaries.
Wood&#8217;s firm, Ark Invest, has been investing in cryptocurrencies, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43200287/cathie-wood-was-asked-if-she-would-buy-trump-coin-heres-what-she-said">with its focus on the "Big Three,"</a> namely, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>).
Photo Courtesy: viewimage on Shutterstock.com
Read Next:&nbsp;
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44824778/bitcoin-ethereum-xrp-dogecoin-dip-but-traders-remain-optimistic-for-one-reason" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Dip, But Traders Remain Optimistic For One Reason</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>

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

Cryptocurrency

$BTC

$ETH

$RAY

$SOL

$UNI

Cathie Wood Calls It 'Financial Services Revolution' After Ark Analyst Highlights DeFi's Dominance Over Traditional Banking System

Hong Kong Post announced on Wednesday it has suspended sea mail services for goods to the United States and will halt air mail services for items containing goods starting April 27, citing &#8220;bullying&#8221; U.S. tariffs.
The postal service warned Hong Kong residents they &#8220;should be prepared to pay exorbitant and unreasonable fees due to the U.S.&#8217;s unreasonable and bullying acts&#8221; when sending items to America, reported Reuters. Document-only postal items will not be affected by the suspension.
&#8220;The U.S. is unreasonable, bullying and imposing tariffs abusively. Hong Kong post will definitely not collect any so-called tariffs on behalf of the U.S.,&#8221; the agency stated.
The move comes after the U.S. government eliminated the &#8220;de minimis&#8221; exemption and increased tariffs on postal items from Hong Kong containing goods, effective May 2. Hong Kong has been subjected to the same tariffs as mainland China, according to U.S. government notices.
The former British colony, traditionally known as a free-trading hub, lost its special status under U.S. law following China&#8217;s implementation of a national security law in 2020, which significantly altered the territory&#8217;s autonomy and prompted increased U.S. economic restrictions.
Photo Courtesy Urbanscape on Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44805223/the-sp-500-closes-with-first-death-cross-since-2022-heres-what-it-means-for-the-markets" target="_blank" rel="noreferrer noopener">The S&amp;P 500 Closes With First ‘Death Cross' Since 2022 – Here's What It Means For The Markets</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Hong Kong Post Operator Refuses To Collect Trump Tariffs, Calls US An Unreasonable Bully

Renowned investor Steve Eisman continues to bet big on Artificial Intelligence, unfazed by current valuations in the segment, or tariff-related uncertainties.
What Happened: On Tuesday, Eisman the former Senior Portfolio Manager at Neuberger Berman told CNBC&#8217;s &#8220;Squawk Box&#8221; that he has &#8220;taken some risk down&#8221; from his personal portfolio and is just waiting as he expects volatility to be there for &#8220;quite a while,&#8221; before adding that he wasn&#8217;t &#8220;trying to be a hero&#8221; in this market.
When asked about what was in his portfolio, that he thinks would work well over the next 3 to 5 years, Eisman dropped the names of semiconductor giant Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and private equity firm Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), citing their &#8220;strong long term fundamentals&#8221; and adding that &#8220;if you can stick with them you can make money.&#8221; 
See More: <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">Nvidia To Take $5.5 Billion Hit Over China Chip Export Restrictions — But Top Analyst Dan Ives Not Overly Concerned: &#8216;All Part Of The High Game Of Poker&#8217;</a>
However, the former fund manager admitted that he would not even &#8220;hazard a guess on what any stock would do over the next few months,&#8221; because the only variable in this market is President Donald Trump, and he cannot &#8220;handicap that right now.&#8221;
Regarding Nvidia&#8217;s valuations, Eisman states that he is quite convinced that we are in the &#8220;very early innings of the AI revolution&#8221; and that the company&#8217;s &#8220;best days are not behind it.&#8221; While he concedes that the $2.7 trillion company cannot grow at the same pace as it has in the past, he still thinks it is one of the best &#8220;long-term stories out there.&#8221;
Why It Matters: While he has always been bullish on AI, this statement from Eisman comes just a week after he signaled a shift <a href="https://www.benzinga.com/news/24/04/38135980/big-short-investor-steve-eisman-steers-clear-of-ai-frenzy-bets-on-concrete-infrastructure-instead">away from the sector</a>, in favor of infrastructure, which he believed was safer compared to the concentrated nature of AI, with only a handful of elite firms at play.
The fund manager who rose to prominence following his &#8220;Big Short&#8221; bet against collateralized debt obligations in the lead-up to the 2008 Financial Crisis has constantly raised concerns about subsequent <a href="https://www.benzinga.com/24/04/38062527/big-short-investor-steve-eisman-fears-bubblicious-stock-market-if-fed-slashes-rates-in-2024">market bubbles</a>, such as during the Fed&#8217;s rate cuts last year, and in January this year, amid <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36464035/big-short-investor-steve-eisman-raises-red-flag-on-rising-market-optimism-everybody">rising market optimism</a>.
Photo Courtesy: Piotr Swat on Shutterstock.com
Read More: <a href="https://www.benzinga.com/25/04/44830135/nvidia-asml-interactive-brokers-boeing-tesla-why-these-5-stocks-are-on-investors-radars-today">Nvidia, ASML, Interactive Brokers, Boeing, Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a>

Politics

Tech

NVDA

'Big Short' Fame Steve Eisman Says Nvidia's 'Best Days Are Not Behind It' But Trump Is The Wild Card In Current Market

A widely followed cryptocurrency analyst predicted a possible bull run for Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) on Tuesday, following a false break in the dog-themed memecoin&#8217;s trajectory.
What Happened: Trader Tardigrade,&nbsp;an X user known for their bullish outlook on Dogecoin, noticed that the coin has made a false break for the first time since December 2024
&#8220;It&#8217;s staying above the support line for days, confirming the characteristics of a false break,&#8221; the chartist stated. &#8220;A new DOGE bull run could start from this false break.&#8221;
As the term implies, false breakouts trick traders into believing that a trend is shifting, only for the price to reverse swiftly, resulting in significant price movements in the opposite direction. In the above example, Trader Tartigrade emphasized DOGE&#8217;s persistence above the support level at $0.153, causing them to publish a bullish reversal forecast.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> Makes a False Break for the First Time Since Dec 2024 &#x1f525; It&#39;s staying above the support line for days, confirming the characteristics of a false break. A new <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> bull run could start from this false break &#x1f680; <a href="https://t.co/e8ui5FuFxV">pic.twitter.com/e8ui5FuFxV</a>
&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1912143385303089287?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
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The bullish sentiment was echoed in DOGE&#8217;s derivative markets as well. According to Coinglass, about 55% of Binance traders with open DOGE positions were <a href="https://www.coinglass.com/LongShortRatio">long</a>, suggesting expectations of a rebound.
To the contrary, the Awesome Oscillator, a well-known momentum indicator that compares recent market movements to historic market movements, flashed a &#8220;Sell&#8221; signal for the memecoin, <a href="https://in.tradingview.com/symbols/DOGEUSD/technicals/">according</a> to TradingView. Additionally, the Relative Strength Index, used to spot overbought and oversold conditions, was &#8220;Neutral&#8221; as of this writing.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44818627/dogecoin-whales-are-accumulating-is-a-breakout-imminent" target="_blank" rel="noreferrer noopener">Dogecoin Whales Are Accumulating: Is A Breakout Imminent?</a>
Why It Matters: The projections came as Dogecoin fell overnight on Tuesday, the decline came amid a <a href="https://www.benzinga.com/25/04/44830360/bitcoin-ethereum-dogecoin-match-stock-futures-decline-as-nvidia-faces-pressure-analyst-sees-signs-of-resumption-of-btcs-uptrend">broader correction</a> as the cryptocurrency market followed stock futures that fell as news broke that fresh China chip curbs had been imposed on Nvidia.
Large transactions valued at over $100,000 spiked 41% in the last 24 hours, while the daily active address count rose 35%, <a href="https://app.intotheblock.com/">according</a> to IntoTheBlock.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.1558, down 2.45% 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.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the meme coin has dropped 51.96%.
Photo Courtesy: alfernec on Shutterstock.com
Read Next:&nbsp;
<ul>
<li><a href="https://benzinga.com/25/04/44816793/xrp-price-holds-ground-as-etf-momentum-builds-ahead-of-key-sec-deadline" target="_blank" rel="noreferrer noopener">XRP Price Holds Ground As ETF Momentum Builds Ahead Of Key SEC Deadline</a></li>
</ul>

$DOGE

Dogecoin Bull Run Could Start After False Break, Says Chartist Even As Key Indicator Flashes 'Sell' Signal

A top Donald Trump <a href="https://www.benzinga.com/24/11/42029445/trump-names-pro-starlink-fcc-commissioner-brendan-carr-as-chairperson">official</a> has urged European allies to back Starlink, a subsidiary of Elon Musk's SpaceX and U.S. tech over China.
What Happened: Federal Communications Commission chairman Brendan Carr <a href="https://www.ft.com/content/0a086fc2-1955-4ded-8558-6f9f85a0679d">told</a> the Financial Times that European hesitation over Starlink service is misplaced.
His comments follow concerns raised after Washington threatened to shut off Starlink service in Ukraine. "If you're concerned about Starlink, just wait for the CCP's version, then you'll be really worried," Carr said.
Carr has been a <a href="https://www.benzinga.com/24/11/42029445/trump-names-pro-starlink-fcc-commissioner-brendan-carr-as-chairperson">strong supporter of Musk's Starlink</a>. He staunchly opposed the FCC's decision not to offer nearly $900 million in subsidies to Starlink.
The FCC chair criticized what he described as European "protectionism" and an "anti-American" bias, especially in the regulatory treatment of U.S. companies. He added that Europe needs to choose sides: "It's sort of time for choosing."
See Also:&nbsp;<a href="https://www.benzinga.com/government/regulations/25/04/44660696/trumps-tariff-worries-ross-gerber-points-out-ordering-eu-goods-under-800-still-keeps-you-tax-free" target="_blank" rel="noreferrer noopener">Trump's Tariff Worries? Ross Gerber Points Out Ordering EU Goods Under $800 Still Keeps You Tax-Free</a>
U.K.-based telecom firms BT and Virgin Media O2 are currently trialing Starlink's tech, though neither has entered a formal agreement.
Carr also warned that European suppliers like Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) and Ericsson (NASAQ: ERIC) may face <a href="https://www.benzinga.com/news/global/25/04/44705879/trump-tariffs-push-eu-to-hit-23-billion-in-us-exports-including-orange-juice-poulty-and-steel-from-red-states">Trump-era tariffs</a> unless they expand U.S.-based manufacturing.
Nokia previously said that it sees the U.S. as its "second home," with major manufacturing and R&amp;D already based in the country. Ericsson already has a factory in Texas and may expand further, depending on tariffs.
Why It's Important: Last week, reports emerged that the EU and China had agreed to explore <a href="https://www.benzinga.com/news/global/25/04/44756940/europe-china-eye-ev-price-pact-to-avert-trump-tariff-escalation-after-tesla-ceo-elon-musk-pushes-for-zero-eu-tariffs-amid-declining-sales">setting minimum prices</a> for Chinese-made electric vehicles. The talks come against the backdrop of rising global trade tensions following Trump's sweeping new tariffs.
Musk, who is also the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO reportedly made a direct appeal to Trump, urging him to reverse the tariffs and <a href="https://www.benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-for-his-startups">instead support the creation</a> of a "free trade zone" between Europe and the U.S.
However, despite Musk's substantial <a href="https://www.benzinga.com/markets/equities/25/04/44679026/elon-musk-made-unsucessful-appeals-to-trump-to-reverse-new-tariffs-as-tesla-likely-to-take-a-hit-report">political donations to Republicans</a> and his advisory relationship with Trump, his efforts have so far been unsuccessful.
Earlier, it was also reported that the <a href="https://www.benzinga.com/markets/25/04/44784857/eu-threatens-additional-taxes-on-us-tech-giants-amid-ongoing-tariff-war-we-are-developing-retaliatory-measures-says-von-der-leyen">EU is considering implementing taxes</a> on major U.S. tech firms such as Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Alphabet Inc'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>) Google if current tariff discussions with the Trump administration do not lead to a resolution.
Photo Courtesy: Mark Van Scyoc on Shutterstock.com
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44309742/recession-watch-small-caps-sound-the-alarm-but-credit-markets-shrug" target="_blank" rel="noreferrer noopener">Recession Watch: Small Caps Sound The Alarm, But Credit Markets Shrug</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.

Government

Media

ERIC

GOOG

GOOGL

Trump-Appointed FCC Chair To Europe: If You're Worried About Elon Musk's Starlink After The Ukraine Threat, 'Just Wait For The CCP's Version…'

Real-world asset-focused coin MANTRA (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/om/usd">OM</a>) topped the cryptocurrency gainers list on Tuesday, recovering marginally from its weekend crash.
What happened: OM soared nearly 28% to become the most successful coin in the market, defying the declines in blue-chip assets such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
OM's trading volume rose 8.51% to $1.42 billion, making it the fifth most traded cryptocurrency (excluding stablecoins) in the last 24 hours.
The recovery followed MANTRA co-founder John Patrick Mullin&#8217;s assurance that the team would release a post-mortem report explaining the events that led to the coin&#8217;s stunning 90% collapse on Sunday.&nbsp;
"After this post-mortem report is released, we will share additional information on an OM token buyback program as well as an OM supply burn program to reinstall trust in the market and show our commitment to OM/MANTRA in the long term," Mullin added.&nbsp;
<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">1) A quick note to say how much I appreciate all the support the MANTRA team has received in the past 36+ hours. The support and kind words have come from many sources &#8211; from partners, investors, friends, and from the wider Web3 community. Thank you.
&mdash; JP Mullin (&#x1f549;, &#x1f3d8;&#xFE0F;) (@jp_mullin888) <a href="https://twitter.com/jp_mullin888/status/1912089490119860245?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44806549/itd-have-required-around-31-bitcoin-to-buy-a-home-in-us-five-years-agoheres-how-many-a-person-needs-to-buy-one-in-2025">Five Years Ago, 31 Bitcoin Bought A House—Here&#8217;s How Many You Need Today</a>
Why It Matters: OM, used for securing the real-world assets platform MANTRA, <a href="https://in.benzinga.com/25/04/44781876/om-tokens-90-crash-leaves-holders-reeling-with-lossesmantra-blames-reckless-liquidations-but-are-big-players-involved">crashed from $5.26 to $0.42 in 90 minutes</a> on Sunday afternoon, eroding a whopping $4.6 billion from its market capitalization.
On-chain data revealed large OM transfers by Laser Digital, one of MANTRA's biggest investors, before the crash.&nbsp;
However, the MANTRA team stated that the crash was caused by "reckless liquidations" and had nothing to do with the project.
The crash soured sentiment in the real-world asset tokenization industry, with RWA protocols&#8217; overall market capitalization falling by 6% since Sunday, <a href="https://www.coingecko.com/en/categories/real-world-assets-rwa#key-stats">according </a>to CoinGecko.
Price Action:  At the time of writing, OM was exchanging hands at $0.7385, up 27.99% 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>. Over the week, the coin was still down 88%.
Photo Courtesy: Wit Olszewski On Shutterstock.com
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Movers

Trading Ideas

OM Token Rallies 28%, Gives Marginal Relief To Crash-Hit Holders After MANTRA Co-founder Assures 'Post-Mortem Report,' Supply Burn

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) will take a <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">multibillion-dollar hit tied</a> to U.S. export restrictions, but a top analyst says the long-term story remains intact.
What Happened: On Tuesday, Nvidia said it would take a $5.5 billion charge this quarter related to halted shipments of its H20 graphics processing units to China and several other markets.
The announcement comes after the U.S. government informed the company on April 9 that it would now require a license to export those chips.
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, shares of Nvidia fell 6.33% in after-hours trading on Tuesday.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
Wedbush Securities analyst Dan Ives weighed in on the development, urging investors to maintain perspective.
"The Nvidia China restriction news that just hit will put pressure on shares and it's a concern…BUT this is all part of the high game of poker going on between U.S. and China," he said in a post on X, formerly Twitter.
"I am not overly concerned by this news despite the headline," he added. "Nvidia remains caught in the tariff spiderweb between [the] U.S. and China. Street knows this. Need to look thru this period of vol and news and see [the] forest thru trees. Nvidia only chip in world fueling AI Revolution..demand."
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.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I am not overly concerned by this news despite the headline and Nvidia remains caught in tariff spiderweb between US and China. Street knows this. Need to look thru this period of vol and news and see forest thru trees. Nvidia only chip in world fueling AI Revolution..demand &#x1f525; <a href="https://t.co/c3JP4GctGf">https://t.co/c3JP4GctGf</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1912266483931001020?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: The latest Nvidia licensing mandate seems to mark another escalation in the <a href="https://www.benzinga.com/markets/25/04/44806095/as-xi-jinping-urges-vietnam-to-stand-against-unilateral-bullying-trump-labels-the-meeting-a-plan-to-screw-the-united-states-of-america">ongoing trade tensions with China</a>. While President Donald Trump recently held off on imposing reciprocal tariffs on most nations, he increased tariffs specifically targeting China.
In response, China retaliated over the weekend with tariffs as high as 125% on U.S. products.
Earlier, Goldman Sachs warned that a potential U.S.-China decoupling could spark a <a href="https://www.benzinga.com/25/04/44787496/goldman-sachs-warns-25-trillion-sell-off-in-the-extreme-event-of-us-china-decoupling-as-scott-bessent-says-everything-is-on-the-table">massive $2.5 trillion market sell-off</a>.
In February, it was reported that Chinese tech heavyweights Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and ByteDance have <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">ramped up their orders</a> for Nvidia's H20 AI chips, driven by soaring demand for AI computing power fueled by the rise of DeepSeek's cost-effective AI models.
The DeepSeek R1 AI model, reportedly developed <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">for under $6 million</a>, has outperformed leading U.S. models—including those from OpenAI.
In March, Chinese <a href="https://www.benzinga.com/25/03/44519562/nvidia-faces-fresh-china-setback-as-chip-shortages-and-sanctions-disrupt-supply">server manufacturer H3C flagged</a> a potential shortage of Nvidia&#8217;s H20 chips. The company also warned that supply plans beyond April 20 remain uncertain due to shifting raw material policies, logistical disruptions, and manufacturing difficulties.
Price Action: Nvidia shares are down 18.88% so far this year but have still climbed 30.47% over the past 12 months, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga Edge Stock Rankings, the company holds a strong growth score of 94.82%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare</a> it with Alibaba, Tencent, and other major players.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/NVDA"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15215459/Screenshot-2025-04-16-at-7.24.53%E2%80%AFAM.png" alt="" class="wp-image-873202" /></a></figure>
Photo Courtesy: Evolf on Shutterstock.com
Read More:
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<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don't Have The Balls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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