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Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm's ownership of iconic franchises and characters. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.

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The 2025 NFL Draft in Green Bay, Wisconsin, has the chance to make some history of its own, following up on several records set in the <a href="https://www.benzinga.com/general/sports-betting/24/04/38501129/2024-nfl-draft-recap-quarterbacks-wide-receivers-detroit-set-records-who-will-win-rookie-o">2024 NFL Draft in Detroit.</a>
Here's a look at how to watch the 2025 NFL Draft, the draft order, betting trends and more.
How to Watch the 2025 NFL Draft: The <a href="https://www.benzinga.com/topic/nfl-draft">2025 NFL Draft</a> is spread across three days of coverage from April 24 to April 26. Here are the coverage rounds
<ul>
<li>First Round: Thursday, 8 p.m. ET</li>
<li>Second Round &amp; Third Round: Friday, 7 p.m. ET</li>
<li>Fourth through Seventh Rounds: Saturday, 12 p.m. ET</li>
</ul>
Coverage of the NFL Draft is hosted by ESPN, ESPN+ and ABC, which are units of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>). Viewers can also watch draft coverage on the NFL Network, NFL+, Hulu+ and YouTubeTV.
Read Also: <a href="https://www.benzinga.com/general/sports/24/12/42521231/travis-hunter-wins-heisman-will-he-be-1-pick-in-2025-nfl-draft-what-betting-odds-history-show">Travis Hunter Wins Heisman, Will He Be #1 Pick In 2025 NFL Draft? What Betting Odds, History Show</a>
2025 NFL Draft Order: There have been no trades made in the first round of the 2025 NFL Draft as of the time of writing, which could set records. No draft in the modern era, dating back to 1967, has begun with every team having their first round pick.
Last year's draft had several trades done before the first round began and a total of five more trades were made involving first-round picks during the first round.
Many experts expect trades to come, the question is if they will happen before the draft begins at 8 p.m. ET or once the first round begins. The Browns (#2) and Giants (#3) have indicated this week that they are open to trading their top picks if the price is right.
<ol>
<li>Tennessee Titans</li>
<li>Cleveland Browns</li>
<li>New York Giants</li>
<li>New England Patriots</li>
<li>Jacksonville Jaguars</li>
<li>Las Vegas Raiders</li>
<li>New York Jets</li>
<li>Carolina Panthers</li>
<li>New Orleans Saints</li>
<li>Chicago Bears</li>
<li>San Francisco 49ers</li>
<li>Dallas Cowboys</li>
<li>Miami Dolphins</li>
<li>Indianapolis Colts</li>
<li>Atlanta Falcons</li>
<li>Arizona Cardinals</li>
<li>Cincinnati Bengals</li>
<li>Seattle Seahawks</li>
<li>Tampa Bay Buccaneers</li>
<li>Denver Broncos</li>
<li>Pittsburgh Steelers</li>
<li>Los Angeles Chargers</li>
<li>Green Bay Packers</li>
<li>Minnesota Vikings</li>
<li>Houston Texans</li>
<li>Los Angeles Rams</li>
<li>Baltimore Ravens</li>
<li>Detroit Lions</li>
<li>Washington Commanders</li>
<li>Buffalo Bills</li>
<li>Kansas City Chiefs</li>
<li>Philadelphia Eagles</li>
</ol>
Betting Trends to Know: The 2025 NFL Draft is expected to be a big event for sports betting companies like DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) and MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>).
Betting platforms offer bets on each draft pick number, over/unders on when a player will be taken, props on the number of a position taken in the first round and some head-to-head battles.
Here are the current betting favorites at the top 10 positions based on odds from BetMGM, as <a href="https://x.com/BFawkes22/status/1915397036947411407">shared </a>by Ben Fawkes on X.
<ol>
<li>Cam Ward (QB): -10,000</li>
<li>Travis Hunter (WR/CB): -2,500</li>
<li>Abdul Carter (Edge): -2,000</li>
<li>Will Campbell (OT): -800</li>
<li>Ashton Jeanty (RB): -250</li>
<li>Kelvin Banks Jr. (OT): +125</li>
<li>Armand Membou (OT): +225</li>
<li>Mason Graham (DT): +170</li>
<li>Mykel Williams (Edge): +200</li>
<li>Tyler Warren (TE): +325</li>
</ol>
Based on the betting odds, it doesn't look like there is much uncertainty until it gets to the sixth pick, barring any trades of top five picks.
This draft order and selections would also differ greatly from last year's NFL Draft when offense and quarterbacks were the name of the game in the first round.
Last year set a record with offensive players taken with the first 14 picks and 23 of the 32 first-round picks overall. Last year's first round also tied a record with six quarterbacks taken in the first round, including the top three straight picks for the fourth time in history.
Defensive players are likely to go in the first 10 picks and the quarterback position is not nearly as popular in the 2025 NFL Draft.
In fact, Colorado quarterback Shedeur Sanders has fallen back in mock drafts and betting odds after previously being a top-five consensus pick. The over/under moved from 8.5 to 21.5 at some sportsbooks. While many still see Sanders going in the first round, he might have to wait some time to hear his name called.
Ward has odds of -10,000 to go first overall and be the first quarterback off the board. This means betting $100 would turn into a $101 win for a profit of $1.
Other top quarterback prospects are Jaxson Dart and Jalen Milroe, who like Sanders will be competing to get their name called later in the first round.
BetMGM's John Ewing <a href="https://x.com/johnewing/status/1915416690822975567">said </a>these are the most popular bets at BetMGM:
<ul>
<li>Cam Ward 1st pick: -10,000</li>
<li>Tetairoa McMillan 1st WR drafted: -300</li>
<li>Saints 1st pick is a QB: +425</li>
<li>Over 2.5 QBs drafted in 1st Round: -165</li>
<li>Tyler Warren 1st TE drafted: -400</li>
</ul>
Betting on the rookie of the year will likely be a popular future bet after the 2025 NFL Draft. Last year, Caleb Williams was the early favorite to win offensive rookie of the year after going first overall. It was Jayden Daniels, the second overall pick, who won offensive rookie of the year after starting with odds of +650 at DraftKings.
Similarly, Jared Verse (edge), who ranked fourth at +1,100 odds after the NFL Draft, ended up the defensive rookie of the year for the 2024 NFL season.
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Hasbro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>), the maker of popular games like Monopoly and Jenga, reported its first-quarter FY25 earnings on Thursday.
The company reported a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44974364/hasbro-reports-first-quarter-2025-financial-results" rel="noreferrer noopener">first-quarter revenue</a> jump of 17.14% year-on-year to $887.10 million, beating the analyst consensus estimate of $771.15 million.
Adjusted EPS of $1.04 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus</a> estimate of $0.67.
Segment Revenue: Consumer Products declined 4%, Wizards of the Coast and Digital Gaming surged 46%, and entertainment segment revenues decreased 5%.
Selling, distribution, and administration costs climbed 14.8%. The operating margin expanded 390 basis points to 19.2%, and operating income for the quarter surged 46.9% to $170.7 million.
Adjusted EBITDA for the quarter jumped to $274.3 million versus $172.8 million last year.
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In the first quarter, Hasbro paid $98 million in cash dividends to shareholders. The Board of Directors has declared a quarterly cash dividend of $0.70 per common share, payable on June 4, 2025, to shareholders of record at the close of business on May 21, 2025.
As of March end, the company held $621.1 million in cash and equivalents. Operating cash flow for the quarter totaled $138 million. Hasbro-owned inventory was down 12% compared to the prior year.
&#8220;We delivered strong revenue growth and a meaningful profit lift in Q1, driven by a strategic shift toward higher-margin businesses. As we progress toward our $1 billion cost savings goal, the strength of Wizards, licensing, and our asset-light model continues to offset tariff pressures and support margins,&#8221; said Chief Financial Officer and Chief Operating Officer Gina Goetter.
Hasbro said it has renewed its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44974358/hasbro-extends-long-running-strategic-relationship-with-disney-consumer-products-for-premier-star-" rel="noreferrer noopener">multi-year licensing partnership </a>with Disney Consumer Products. The extended agreement ensures Hasbro will keep producing creative toys and games tied to franchises like Star Wars and Marvel.
Outlook: Hasbro sees FY25 revenue <a target="_blank" href="https://www.benzinga.com/25/02/43847506/toy-maker-hasbros-q4-beat-estimates-as-demand-for-games-remains-strong" rel="noreferrer noopener">up slightly in constant currency</a>. The company expects FY25 adjusted EBITDA of $1.1 billion – $1.15 billion and an adjusted&nbsp;operating margin of 21% – 22%.
Price Action: HAS shares traded higher by 7.74% at $56.77 in premarket at last check Thursday.
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Photo by LightField Studios via Shutterstock

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Many investors start their journey by buying <a href="https://www.benzinga.com/25/03/44565770/30-year-old-with-65k-in-stocks-sparks-debate-focusing-mostly-on-etfs-but-now-betting-on-bonds-small-caps-and-international-plays">stocks</a> they like, chasing dividends, or diversifying across various assets, only to later realize their portfolio needs a serious overhaul.
Whether it's portfolio allocation, dividend investing, or <a href="https://in.benzinga.com/25/03/44553948/investor-with-640k-portfolio-aims-for-early-retirement-hoping-to-retire-in-5-years-or-less-but-faces-tough-choices-reddit-weights-in">early retirement</a> planning, the right strategy depends on clear financial goals. There are investors who hunt for high-yield <a href="https://in.benzinga.com/personal-finance/25/03/44551261/early-retiree-making-17000-a-year-in-dividends-shares-top-7-stock-picks-says-ive-zero-regrets">dividends</a> while others prioritize growth, only to find that their holdings are too scattered or underperforming.
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<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
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One such investor, a 36-year-old with a $253,542 stock portfolio has recently turned to Reddit for advice. Despite his substantial holdings, he earns just $4,200 in annual dividends and admits his investments are &#8220;all over the place.&#8221;
&#8220;I feel like my portfolio is all over the place. I certainly don't feel I'm getting $4,000 annual dividends either. How would you restructure all this? Have no clear goals, but I'd like to retire early from work burnout,&#8221; he wrote.
His portfolio leans heavily into S&amp;P 500 ETFs like Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and tech stocks like Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), but commenters noted overlap, inefficiency, and low yield as major issues. His post sparked intense discussion, with many Redditors pointing out overlapping ETFs and a lack of focus in his strategy.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
Investor With $253,000 In Stocks And Only $4.200 In Dividend Income Asks For Redirection–Reddit Delivers
Consolidate Overlapping ETFs and Ditch Underperformers
Many commenters pointed out that VOO and SPY track the same index, making one redundant, while others noted that individual stocks like Apple and Microsoft are already heavily weighted in his ETFs, creating unnecessary duplication.
&#8220;VOO and SPY are exactly the same thing, S&amp;P 500 index funds. You don&#8217;t need both. Your SPY is smaller than VOO, so sell SPY and put the money into VOO. You don&#8217;t need VOO/SPY and [Fidelity ZERO Total Market Index Fund (FZROX)] too. Since VOO has slightly outperformed FZROX, I would sell FZROX and put the money into VOO,&#8221; a Redditor advised.
Suggesting the poster trim speculative holdings, this commenter recommended a focus on long-term sustainable businesses or broad-market ETFs: &#8220;First of all, simplify by selling stocks from companies you don't know much about. If you're interested in a company and want to invest in them, just make sure they can last another 20 years in business. Second, if you're aiming now for a more long-term hold, try to even out the ETFs and dividends a little more.&#8221;
Also touching on the overlap, a Reddit user also mentioned the taxes the investor will need to pay if the dividend income is in a taxable account.
&#8220;Well, do you want to be in ETFs or individual stocks? You have overlap everywhere. Dividends are a waste since it is just your money being returned to you, and making a taxable event if these are in a taxable account. A lot of dead money in the Mikey market account,&#8221; he wrote.
&#8220;I don&#8217;t like this market, but I&#8217;d dump [Walt Disney (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>)]. Swap out [Advanced Micro Devices (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>)] for [Broadcom (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>)]. Buy some [Cintas Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>)],&#8221; a comment reads.
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Don't Mix Dividends With Growth Blindly
Several Redditors argued that the poster is stuck between growth and income strategies, which is hurting his overall returns. Since he's only 36 years old, many suggested prioritizing growth now and shifting to dividends later.
&#8220;Read the Simple Path to Wealth and Bogle. Then stop chasing yield. You&#8217;re giving up valuable years of deep equity growth,&#8221; one Redditor advised.
Suggesting a focused approach on either pure growth or a dividend mix, a commenter mentioned two different ETFs and possible allocations.
&#8220;In my opinion, your 3 options are: 100% VOO, 100% [Schwab U.S. Dividend Equity ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schd#NYSE">SCHD</a>)], or 50/50 VOO/SCHD. Keep it simple. Pick one strategy and stick with it,&#8221; he said.
A Redditor touched on bonds, saying he doesn't think these assets are a good choice for a 36-year-old&#8217;s portfolio: &#8220;[Fidelity U.S. Bond Index Fund (FXNAX)] is a US bond fund. That&#8217;s the Boglehead influence. You don&#8217;t need bonds at 36 years old. Bonds aren&#8217;t going to grow your portfolio.&#8221;
&#8220;You&#8217;re young enough that you could simply buy VOO and nothing else for maximum returns and buy more dividends later, but if seeing a dividend amount returned every year motivates you, you could do SCHD as well,&#8221; a Reddit user recommended.&nbsp;
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36-Year-Old With $253K In Stocks Says 'Need Some Direction' – Only Gets $4.2K Dividends And Reddit Is Losing It Over His Holdings

As U.S. tariffs on Chinese imports continue to soar, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) third-party sellers are reportedly shifting stock to Canada, betting that the trade war will soon end in their favor.
What Happened: These vendors, who sell everything from dog toys to electronics, have begun routing shipments from China to Canada, where they can store goods in duty-free zones for a limited period, <a href="https://www.ft.com/content/6114c580-70db-4de2-b19f-d4dbebd3214f">reported</a> the Financial Times on Tuesday.&nbsp;
Suppliers for brands like Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) are also reportedly adopting the same strategy, the report said, citing half a dozen sellers, logistics providers, and consultants.
The strategy of storing goods in Canada, which leverages tariff-free warehouses, tax breaks, and rebate programs, adds an estimated $500 to $600 per shipping container in extra expenses for sellers. Still, many view it as a calculated risk, hoping the U.S. will eventually ease the high tariffs on Chinese imports.
&nbsp;"If we trust the U.S. administration &#8230; [and] that's still a big if, this is the worst it's going to get. And so we're prepared to wait this out," one senior executive at a major third-party seller on Amazon and Walmart told the publication. "This is not going to last forever."
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Why It's Important: Nathan Strang, director of ocean freight at Flexport, cautioned that storing inventory in Canada comes with added costs and may ultimately backfire if sellers still need to bring those products into the U.S. while tariffs on Chinese imports remain in effect, the report noted.
&#8220;It could wind up being an added expense on top of a tariff that you're going to have to pay anyway,&#8221; Strang told the publication.
On Tuesday, President Donald Trump announced plans to <a href="https://www.benzinga.com/markets/25/04/44942449/trump-pledges-substantial-cut-in-china-tariffs-but-refuses-to-make-it-zero-if-they-dont-make-a-deal-we-will-set-the-deal">significantly lower the steep tariffs</a> on Chinese imports, though he mentioned that "It won't be zero."
Trump had imposed a 145% import tax on goods from China, prompting Beijing to retaliate with a 125% tariff on American products.
Price Action: Amazon shares climbed 3.50% on Tuesday, while Walmart saw a 2.64% gain, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro</a>.
Walmart holds a growth score of 54.86% in the Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> Amazon and other major e-commerce players.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/WMT"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23030620/Screenshot-2025-04-23-at-12.36.15%E2%80%AFPM.png" alt="" class="wp-image-883437" /></a></figure>
Photo Courtesy: Hadrian on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

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Amazon And Walmart Third-Party Sellers Reportedly Stash Products In Canada To Dodge Trump Tariffs — Risky Bet Or Bold Move?

Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) built an empire on magic — but Charlie Munger wasn't buying any of it.
In what turned out to be one of his final public interviews before his death in 2023, the longtime Berkshire Hathaway vice chair took a hard-nosed look at the entertainment giant during the <a href="https://youtu.be/0S_ex0_gL5g?si=QnGchMcEXS3afWX9">Daily Journal Corp.'s annual Q&amp;A session</a> — the same forum where Munger famously spoke off-the-cuff with brutal clarity.
He was asked whether <a href="https://www.benzinga.com/insights/options/25/04/44797845/looking-at-walt-disneys-recent-unusual-options-activity">Disney was still a good investment</a>.
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His response? First came the correction: "We've never owned Disney shares," Munger clarified.
CNBC's Becky Quick, who was moderating the session, responded, "That's my mistake."
But then Munger leaned in. "Disney is an interesting case. Practically every business that Disney has has gotten tougher than it used to be," he said. "Again — welcome to human life."
For Munger, Disney's problems weren't subtle. They were structural. He described the company's golden era with reverence — calling ESPN a "total gold mine" and reminding listeners that "The Lion King" once dominated Broadway.
"Disney once owned the world," he said.
Now? He said nearly every part of the company — from streaming to sports — is struggling. "How would you like running the sports, ESPN, now at Disney compared to its heyday? It's going to be way harder for them."
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
Then came the line that caught the most attention: "Movies look to me like it's going to be a bloodbath."
That wasn't hyperbole. It was Munger's long-held belief. Despite Berkshire's investment in Paramount, he admitted he'd avoided the movie industry entirely. "I've never made an investment in a movie business in any way, shape, or form. It always gives me the willies," he said. "I don't like the unions. I don't like the crazy agents. I don't like the goddamn crazy lawyers. I don't like the crazy movie stars."
That, in a nutshell, was Charlie Munger: <a href="https://www.benzinga.com/personal-finance/25/03/44438885/charlie-munger-told-a-20-year-old-that-getting-rich-through-investing-is-damn-near-impossible-and-you-might-need-10-million-in-the-bank">blunt, sharp, and completely </a>unmoved by Hollywood glamour.
"It may be a good place to make a living as an actor or writer," he added, "but it's a hard place to <a href="https://www.benzinga.com/personal-finance/25/03/44438885/charlie-munger-told-a-20-year-old-that-getting-rich-through-investing-is-damn-near-impossible-and-you-might-need-10-million-in-the-bank">make money if you're an investor.</a>"
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
That skepticism hasn't looked so far off. As of this month, Disney's stock sits at $84.81 — down roughly 24% from just a year ago. And over the past five years, it's fallen nearly 60% from its 2021 peak of $199.45. While analysts still see long-term potential, the reality is clear: this isn't the Disney of the glory days.
In the end, Munger's message wasn't just about Disney — it was about investing in a world that doesn't stay easy forever. "They went from triumphs around — marching, marching, marching," he said. "All of a sudden, on practically every front, it's more difficult."
Then he shrugged: "<a href="https://www.benzinga.com/personal-finance/25/04/44723566/charlie-munger-gave-his-no-1-tip-for-a-long-and-happy-life-avoid-crazy-at-all-costs-but-watch-out-crazy-is-way-more-common-than-you-think">Welcome to human life</a>."
And with that, the 99-year-old investor said more in a few minutes than most analysts write in a dozen reports.
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Charlie Munger Was Asked If Disney Was Still a Good Investment: 'They Once Owned the World, Now It's a Bloodbath — Welcome to Human Life'

Needham analyst Laura Martin reiterates Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) with a Buy and maintains $125 price target.

Price Target

Reiteration

Analyst Ratings

Needham Reiterates Buy on Walt Disney, Maintains $125 Price Target

Wolfe Research analyst Peter Supino upgrades Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) from Peer Perform to Outperform and announces $112 price target.

Upgrades

Wolfe Research Upgrades Walt Disney to Outperform, Announces $112 Price Target

ASML

Live On CNBC, Amy Raskin Announces Bought More ASML Holding; Sold Walt Disney Co., Sold American Express

Every two years, Star Wars holds its Celebration <a href="https://www.benzinga.com/general/entertainment/23/04/31734634/may-the-force-be-with-disneys-star-wars-future-new-movies-tv-shows-and-the-return-of-daisy-">multi-day event </a>that provides a look at what's to come for the well-known franchise across television, movies, video games and more.
Here's a look at the highlights from the Star Wars Celebration event in Japan held over the weekend.
Television: Since Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) <a href="https://www.benzinga.com/general/entertainment/23/07/33170350/if-you-invested-1-000-in-disney-stock-when-it-acquired-lucasfilm-think-indiana-jones-star-w">acquired Lucasfilm in 2012</a> for $4.05 billion, the franchise has proven valuable for movies on the big screen and for television series to boost the presence of the Disney+ streaming platform.
Disney used Celebration to <a href="https://www.starwars.com/news/star-wars-celebration-2025-roundup">highlight </a>its upcoming second and final season of "Andor," which has a three-episode premiere on Disney+ on April 22.
The Celebration event also featured a look at a second season of "Ahsoka," which does not have a current release date. Hayden Christensen was confirmed to reprise his role as Anakin Skywalker from past movies in the upcoming season of the Disney+ series.
Lego Star Wars series "Lego Star Wars Rebuild the Galaxy: Pieces of the Past" has a second season coming to Disney+ on Sept. 19.
Animated series "Star Wars: Maul – Shadow Lord" will be the next series to feature fan favorite Sith lord, Darth Maul. The series is set for a 2026 release on Disney+.
A third season of "Young Jedi Adventures" is also set for release on Disney+ in the fall. The series is aimed at a younger crowd of future Star Wars fans and has been a consumer products and licensing hit for Disney.
Read Also:<a href="https://www.benzinga.com/general/entertainment/24/05/38629787/may-the-fourth-be-with-you-the-history-of-the-star-wars-holiday-new-shows-and-movies-coming"> May The Fourth Be With You: The History Of The Star Wars Holiday, New Shows And Movies Coming Up, And Top Deals For Fans</a>
Movies: One of the larger features of the Star Wars Celebration event was a focus on the upcoming "The Mandalorian and Grogu" film, set for a May 22, 2026 theatrical release date.
The new film marks the first theatrical Star Wars release since 2019. &#8220;The Rise of Skywalker,&#8221; the last feature-length film in the series, grossed $515.2 million domestically and $1.07 billion worldwide. The 2018 release &#8220;Solo: A Star Wars Story&#8221; grossed $213.8 million domestically and $392.9 million worldwide.
The film brings popular characters from the series "The Mandalorian" to the big screen, including Grogu, also known as "Baby Yoda."
Star Wars management also announced "Star Wars: Starfighter" is the next film to enter production, set to begin in the fall and with a theatrical release date of May 28, 2027.
The film comes from Shawn Levy, who has worked on hit franchises like "Deadpool" and "Stranger Things." The film will star Ryan Gosling, who showed off his early Star Wars fandom at the Celebration event with pictures of his old Star Wars bedding as a child.
Star Wars also gave quick updates that there are other films in development, including a film with Daisy Ridley returning as Rey and a new trilogy from Simon Kinberg.
Disney now has Star Wars movies on the calendar for back-to-back years, which along with its Marvel and Pixar franchises could provide some excitement for shareholders and movie theater companies.
Video Games and Toys: Star Wars Celebration also featured panels about upcoming new video game collaborations and toys.
Hasbro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) shared news on upcoming toys and collectibles based on fan favorite Star Wars characters of old and characters from recently released series.
Ubisoft debuted a trailer for the new A Pirate's Fortune story pack for Star Wars Outlaws. The story pack is free to season pass owners of the game or for $14.99.
Star Wars also highlighted a new mixed reality playset that brings podracing to Meta Quest, the mixed reality headset from Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). Titled "Star Wars: Beyond Victory -A Mixed Reality Playset," the new experience features Sebulba and an immersive podracing experience.
Disney has partnered with the game Fortnite from Epic Games in the past with skins and season features centered on Star Wars, Marvel and Pixar characters. On May 2, a Star Wars takeover in Fortnite begins with the "Imperial Takeover" chapter. The Star Wars collaboration features weekly chapters and will see characters like Emperor Palpatine and Darth Jar Jar as parts of the plot of the new season.
The Star Wars collaboration will end with a live event.
Disney <a href="https://www.benzinga.com/news/earnings/24/02/36993564/disney-invests-1-5b-in-fortnite-owner-epic-games-in-biggest-ever-gaming-entry-posts-q1-earnings-bea">took a $1.5 billion stake </a>in Epic Games back in 2024 and is partnering with the gaming company to create an entertainment universe for the Disney content library in the future.
DIS Price Action: Disney stock is down 2.08% to $8305 on Monday at publication versus a 52-week trading range of $80.10 to $118.63. Disney stock is down 25% over the last year.
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Photo: <a href="https://www.shutterstock.com/g/Gennadii-1989">Gennadii-1989</a> via Shutterstock

Gaming

Star Wars Highlights TV, New Movie With Ryan Gosling, Fortnite Collab: Will The Force Be With Disney Stock?

FuboTV Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) has <a href="https://www.benzinga.com/pressreleases/25/04/b44862704/fubo-retains-exclusive-rights-to-premier-league-in-canada-with-multi-year-agreement-beginning-with">secured a multi-year deal </a>to maintain its exclusive streaming rights for the English Premier League in Canada. 
The sports-focused live television platform confirmed it will continue to stream every Premier League match, starting with the 2025/2026 season, under the renewed agreement.
Fubo initially acquired the exclusive Canadian rights to the Premier League in 2022. The renewal strengthens the streamer's foothold in the soccer content space, where it already carries multiple high-profile leagues and tournaments across Europe and the Americas.
&#8220;The Premier League is considered the most prestigious soccer league globally and we are proud to remain the exclusive home of this elite competition in Canada,&#8221; said Ben Grad, senior VP of strategic partnerships and operations.
&#8220;Fubo was founded with the mission to stream premium soccer and a range of sports for consumers, and we&#8217;ve built a strong audience by carrying leagues that Canadians are passionate about.&#8221;
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The platform offers a wide array of soccer programming in Canada, including exclusive rights to Serie A, Coppa Italia, and the Supercoppa Italiana. 
Additionally, matches from Ligue 1, the Canadian national teams, and Copa Libertadores are part of its soccer lineup. Fubo will stream all 380 Premier League games per season.
&#8220;The Premier League has many passionate fans in Canada, and Fubo does an excellent job making the competition available to them. We look forward to working together over the coming seasons as we continue to showcase the excitement of the league to both new and existing fans,&#8221; said Paul Molnar, chief media officer at the Premier League.
Fubo also offers coverage of a wide range of sports. In Canada, its programming slate also includes action from the NBA, MLB, NHL, and IPL cricket league.
Subscribers gain access to over 100 live channels spanning sports, news, and entertainment.
Fubo's service is optimized for accessibility, allowing users to stream content through web browsers or a variety of devices including Amazon Fire TV, Android, Apple TV, Chromecast, Roku, LG TV, Samsung, Xbox One, and more. 
Price Action: FUBO was trading 1.57% higher at $2.91 per share at last check on Thursday.
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Photo: Shutterstock

Fubo Extends Soccer Reign In Canada With Premier League Renewal

Over the next three to five years, Google&#8217;s primary upside valuation driver will be its proprietary <a href="https://www.benzinga.com/topic/artificial-intelligence">large language models (LLMs)</a>. 
That&#8217;s according to Needham analyst Laura Martin, who reiterated Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Google&#8217;s parent company, with a Buy and a $178 price target on Wednesday.
She expects GenAI to aid Google&#8217;s internal operations and increase revenue growth. Martin adds that Google Cloud will generate revenue from both LLMs and the applications built upon them.
Also Read: <a href="https://www.benzinga.com/25/04/44765778/google-takes-on-microsoft-with-ai-powered-workspace-2-billion-savings-deal-for-us-agencies" target="_blank" rel="noreferrer noopener">Google Undercuts Microsoft With Massive Discount for Government, Expands AI-Powered Workspace Offerings</a>
GenAI&#8217;s LLMs must be fed millions of data points every day. Google&#8217;s search engine and YouTube platform give the Gemini LLM competitive advantages and a deep moat, she says. 
Ultimately, GenAI will disrupt content creation, user behavior, and business models.
What&#8217;s Next: On May 8, as part of the 20th annual Needham Internet &amp; Media conference, Martin will host a virtual Zoom panel entitled &#8220;The Impact of GenAI on Media &amp; Internet.&#8221;&nbsp;&nbsp;
One panel is expected to discuss various stocks, including Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), GOOGL, Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), The Trade Desk, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Reddit, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), Roku, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>).
As for Google&#8217;s &#8220;Zero Click&#8221; strategy, it was GenAI&#8217;s most significant 2024 disruption, Martin says. She will focus on the key valuation dislocations, including:
<ul>
<li>The possibility of GenAI eroding the foundations of digital advertising</li>
<li>The positives of expanding margins from GenAI offset by falling barriers to entry for new competitors</li>
<li>And whether the proliferation of GenAI-related content is good for any incumbent.</li>
</ul>
As the internet is flooded with new cheap, low-value content, Martin seeks to know whether this will affect consumer trust, reduce session time, and hurt monetization for higher-quality online content.
As GenAI summaries in search results eliminate the need to click through to links, this is lowering ad monetization for publishers that have historically relied on traffic referrals. Therefore, the analyst seeks potential fixes from the aforementioned companies.
After all, media is built on IP, and GenAI increases the risks of copyright violations, hallucinations, and deepfakes. 
Price Action: GOOGL stock is down 1.03% at $154.77 at last check on Wednesday.
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GOOGL

RDDT

ROKU

Google GenAI, AI Cloud Services Drive Analyst Confidence In Long-Term Growth

UBS analyst John Hodulik maintains Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) with a Buy and lowers the price target from $130 to $105.

UBS Maintains Buy on Walt Disney, Lowers Price Target to $105

Golfer Rory McIlroy made history as one of only six golfers in the modern era to complete the Grand Slam, winning the four major championships. While McIlroy's win was good for the sport of golf and his legacy, it may prove to be a negative for <a href="https://www.benzinga.com/general/sports-betting">sports betting companies.</a>
What Happened: McIlroy won his first ever Masters Tournament in a playoff with Justin Rose in the 2025 tournament, that <a href="https://www.benzinga.com/general/sports-betting/24/04/38221203/tiger-woods-masters-record-will-legendary-golfer-make-the-cut-heres-what-benzinga-users-sa">unlike last year,</a> didn't feature the same fanfare with Tiger Woods not participating.
While viewership for media partners Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) may have been down in the first few days of the Masters on a year-over-year basis without Woods, the final Sunday round provided ups and downs for golf fans and bettors that could make this one of the most memorable Masters tournaments in years.
For McIlroy it now serves as the final piece needed to complete the career grand slam, winning the Masters, PGA Championship, U.S. Open and British Open. McIlroy previously finished second at the Masters in 2022 and had multiple top 10 finishes before his victory Sunday.
The victory didn&#8217;t come easy with McIlroy having multiple ups and downs Sunday and giving away his final round lead multiple times, as shown on the Kalshi prediction market odds below. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">History was made at the 2025 Masters: twice. Rory completed the Career Grand Slam. Fans live traded the Masters legally in all 50 states for the first time. $86M+ traded on Kalshi: 3x the Super Bowl. <a href="https://t.co/AVLlpdQpMc">pic.twitter.com/AVLlpdQpMc</a>
&mdash; Kalshi (@Kalshi) <a href="https://twitter.com/Kalshi/status/1911800461750919469?ref_src=twsrc%5Etfw">April 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
With the win, McIlroy now joins Gene Sarazen, Ben Hogan, Gary Player, Jack Nicklaus and Tiger Woods as the only Grand Slam winners in golf.
Read Also: <a href="https://www.benzinga.com/general/sports/24/11/42246187/tiger-woods-rory-mcilroy-pga-tour-sofi-prep-golf-remixed-for-2025-tgl-launch">Tiger Woods, Rory McIlroy, PGA Tour, SoFi Prep &#8216;Golf Remixed&#8217; For 2025 TGL Launch</a>
Sportsbooks Suffer: Several sportsbooks may be on the hook for large payouts on McIlroy, who was among the most bet golfers to win the Masters at odds mostly in a range of +650 to +1,200 before the tournament began Thursday.
At William Hill, the British sportsbook had a Money Back offer for a Free Bet if McIlroy won. This turns into a seven-figure payout by the sportsbook for the promotion, according to the company.
"Masters Sunday 2025 will go down as one of the most dramatic we've ever seen, but also as one of the most significant in the history of betting on golf for William Hill," company spokesperson Lee Phelps said.
Phelps said McIlroy was the biggest liability for the sportsbook with tens of thousands of individual bets placed on the golfer to win the Masters.
At BetMGM, which is a joint venture between MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, McIlroy was one of the most bet golfers to win. BetMGM's John Ewing <a href="https://x.com/johnewing/status/1911433529612783814">said </a>19% of the money was on McIlroy to win the tournament ahead of the fourth round on Sunday.  
What's Next: While McIlroy has now completed the career grand slam, bettors look ready to wager on the 35-year-old winning more major tournaments going forward.
BetMGM <a href="https://x.com/johnewing/status/1911807911241957779">offers </a>betting on how many majors McIlroy will win in 2025, with the upcoming PGA Championship (May 15-18), U.S. Open (June 12-15) and British Open (July 17-20). The payouts are
<ul>
<li>1: -200</li>
<li>2: +188</li>
<li>3: +1,400</li>
<li>4: +8,000</li>
</ul>
No golfer has won all four majors in the same year in the modern era, with Woods coming close and winning three of the four in 2000 followed by a Masters win in 2001 for four consecutive major wins.
Bettors are also already backing McIlroy to win the 2026 Masters, according to <a href="https://x.com/johnewing/status/1911804138184225154">Ewing</a>. With odds of +1,200 at BetMGM, 59% of the money is on McIlroy to win back-to-back Masters tournaments.
Prediction market Kalshi also has <a href="https://kalshi.com/events?search=rory+mcilroy">betting odds</a> for the remaining three majors in 2025, where McIlroy is either the favorite or has the second-best odds behind Scottie Scheffler in each tournament as listed below:
<ul>
<li>U.S. Open: McIlroy 12%, Scheffler 15%</li>
<li>PGA Championship: McIlroy 17%, Scheffler 16%</li>
<li>British Open: McIlroy 13%, Scheffler 20%</li>
</ul>
<iframe loading="lazy" src="https://kalshi.com/external-widgets/events/KXUSOPEN-25?color_scheme=light&#038;widget_size=medium&#038;variant=a&#038;ids=KXUSOPEN-25-SS&#038;ids=KXUSOPEN-25-RM&#038;ids=KXUSOPEN-25-XS" width="488px" height="196px" style="border:0"></iframe>
Kalshi <a href="https://x.com/Kalshi/status/1911800461750919469">said </a>it made history with fans in all 50 states live trading the Masters tournament predictions. A total of $86 million was traded on the Masters on Kalshi, which was three times more than on the Super Bowl.
Read Next: 
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</ul>
Photo: <a href="https://www.shutterstock.com/g/dwong19">Debby Wong</a> via Shutterstock

PARA

PARAA

Rory McIlroy's Masters Win Good For Golf, Bad For Sportsbooks: Bettors Backing Golfer To Win More Majors

Whales with a lot of money to spend have taken a noticeably bearish stance on Walt Disney.
Looking at options history for Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $345,051 and 6, calls, for a total amount of $342,607.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $78.0 to $110.0 for Walt Disney during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Walt Disney's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Walt Disney's whale activity within a strike price range from $78.0 to $110.0 in the last 30 days. 
<h3>Walt Disney Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744653634_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$19.3</td>
<td>$19.1</td>
<td>$19.3</td>
<td>$105.00</td>
<td>$154.4K</td>
<td>6.3K</td>
<td align="right">81</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$8.35</td>
<td>$7.7</td>
<td>$7.94</td>
<td>$78.00</td>
<td>$101.6K</td>
<td>0</td>
<td align="right">128</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$7.15</td>
<td>$7.1</td>
<td>$7.15</td>
<td>$85.00</td>
<td>$72.9K</td>
<td>3.7K</td>
<td align="right">44</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$10.4</td>
<td>$10.15</td>
<td>$10.4</td>
<td>$90.00</td>
<td>$67.6K</td>
<td>175</td>
<td align="right">64</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$6.8</td>
<td>$6.1</td>
<td>$6.65</td>
<td>$78.00</td>
<td>$59.8K</td>
<td>0</td>
<td align="right">354</td>
</tr>
</tbody>
</table>

<h3>About Walt Disney</h3>
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm's ownership of iconic franchises and characters. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.
Having examined the options trading patterns of Walt Disney, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Walt Disney's Current Market Status</h3>
<ul>
<li>With a volume of 5,863,344, the price of DIS is down -0.34% at $84.6. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 23 days.</li>
</ul>
<h3>What The Experts Say On Walt Disney</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $115.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Walt Disney, maintaining a target price of $115. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Walt Disney, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Looking At Walt Disney's Recent Unusual Options Activity

Despite <a href="https://www.benzinga.com/markets/25/04/44756353/xi-jinping-says-there-are-no-winners-in-tariff-war-as-china-slaps-125-tariffs-on-us-goods-urges-trump-to-immediately-correct-wrongdoings">growing concerns about renewed trade</a> tensions between Washington and Beijing, one analyst says the drama may be more performative than policy-driven.
What Happened: Marko Papic, chief strategist at BCA Research, downplayed the long-term impact of escalating U.S.-China tariff rhetoric, suggesting that the latest threats may be largely symbolic and unlikely to result in sustained economic disruption.
"As the kids would say — just for the LOLz," Papic said in an interview with CNBC on Friday, referencing what he sees as political posturing from both sides.
His comments come after China's finance ministry accused the U.S. of "bullying" and warned that aggressive tariff policies could make America look like a "joke" on the global stage.
Papic acknowledged that markets are reacting to fears of a policy-induced slowdown, particularly in sectors like commodities, but said those concerns may be exaggerated. "It's not like this is a great financial crisis," he noted.
He's also not convinced that these trade policies— tariffs and bringing manufacturing back—will actually work or happen as planned. "When was the last time any U.S. policymaker actually referred to them [tariffs] as revenue raisers?"
See Also: <a href="https://www.benzinga.com/25/04/44667862/oil-crashes-to-60-per-barrel-as-recession-fears-grow" target="_blank" rel="noreferrer noopener">Oil Crashes To $60 Per Barrel As Global Recession Fears Grow&nbsp;</a>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Commodity market will look through further tariff pain, says BCA&#039;s Marko Papic" width="500" height="281" src="https://www.youtube.com/embed/GkBg_irvOrk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It Matters: On Friday, Xi Jinping sharply raised tariffs on U.S. goods from 84% to a record 125%. This came after President Donald Trump hiked tariffs on Thursday, pushing the cost of Chinese imports to at least 145%. This jump results from a new 125% retaliatory tariff layered on top of <a href="https://www.benzinga.com/25/04/44757476/asia-mixed-europe-slides-as-china-tariff-hike-escalates-tensions-gold-soars-dollar-hits-two-year-low-global-markets-today-while-us-slept">existing 20% duties</a>.
While these measures respond to Trump's tariffs, China itself isn't shielded from the fallout. Goldman Sachs has lowered its <a href="https://www.benzinga.com/government/regulations/25/04/44740040/chinas-growth-outlook-dims-as-trumps-125-tariffs-put-millions-of-jobs-at-risk-goldman-warns">growth forecast for the country</a> and warned that up to 20 million export-related jobs could be at risk. The investment bank, however, attributed this outlook not only to U.S. tariffs but also to broader global economic uncertainty.
A <a href="https://www.benzinga.com/news/global/25/04/44762211/10-companies-with-exposure-to-trumps-china-tariff-war-ford-tesla-apple-disney-and-more">Strategy Risks report has identified</a> major U.S. public companies most overexposed to China, evaluating them across categories like Business Fundamentals, Partnerships and Politics, Regional Issues, Supply Chain, and Capacity.
Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) topped the list, scoring high across all areas, especially in Regional Issues tied to human rights concerns and Supply Chain vulnerabilities.
Carrier Global Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) leads China's commercial HVAC market with extensive operations, while Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) relies <a href="https://www.benzinga.com/25/04/44706383/apple-airlifts-iphones-from-india-and-china-in-72-hour-race-to-beat-trumps-tariffs-as-stock-sinks-amid-us-china-trade-panic">heavily on Chinese manufacturing</a> for most of its products, placing it squarely in the crosshairs of ongoing trade tensions.
Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) U.S. energy division risks soaring costs from tariffs on Chinese battery cells, potentially doubling Powerwall and Megapack production expenses. Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) is facing cost pressures from tariffs on key ingredients like sucralose, which may impact profitability.
Cummins, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) maintains deep ties to China through joint ventures and clean energy initiatives. RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), with thousands of Chinese suppliers, has admitted that decoupling is unfeasible.
Honeywell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) has begun adding surcharges due to tariff-related supply disruptions. Walt Disney Co.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) CEO has raised alarms about the broader impact of tariffs, and Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) is confronting shrinking competitiveness as Chinese buyers turn to alternative suppliers.
Ford boasts a solid growth score of 78.49%, according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> Apple, Tesla, Disney, and other major companies.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/F"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11231023/Screenshot-2025-04-12-at-8.40.16%E2%80%AFAM.png" alt="" class="wp-image-868750" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44695907/elon-musk-calls-trump-trade-advisor-peter-navarro-dumber-than-sack-of-bricks-defends-tesla-as-the-most-american-made-cars" target="_blank" rel="noreferrer noopener">Elon Musk Calls Trump Trade Advisor Peter Navarro ‘Dumber Than Sack Of Bricks,' Defends Tesla As ‘Most American-Made Cars'&nbsp;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Government

Trump And Xi Jinping's Tariff Threats May Be 'Just For The LOLz,' Says Analyst: 'It's Not Like This Is A Great Financial Crisis'

President Donald Trump raised tariffs on Thursday, increasing the price of Chinese imports to a minimum of 145%. The move combines a 125% reciprocal tariff increase with <a href="https://www.benzinga.com/25/04/44757476/asia-mixed-europe-slides-as-china-tariff-hike-escalates-tensions-gold-soars-dollar-hits-two-year-low-global-markets-today-while-us-slept">pre-existing 20% duties</a>. 
The trade war shows no signs of slowing down as China responded on Friday morning with a retaliatory tariff now standing at 125% <a href="https://www.benzinga.com/markets/25/04/44756353/xi-jinping-says-there-are-no-winners-in-tariff-war-as-china-slaps-125-tariffs-on-us-goods-urges-trump-to-immediately-correct-wrongdoings">on U.S. imports. </a>
Here's a look at which companies are most exposed to China and could be impacted by the ongoing trade war. 
A recent <a href="https://strategyrisks.com/data-products/">report</a> from Strategy Risks ranks the largest publicly traded American companies with overexposure to China based on the following criteria: Business Fundamentals, Partnerships and politics, Regional Issues, Supply Chain, and Capacity. 
Read Next: <a href="https://www.benzinga.com/25/04/44695907/elon-musk-calls-trump-trade-advisor-peter-navarro-dumber-than-sack-of-bricks-defends-tesla-as-the-most-american-made-cars">Elon Musk Calls Trump Trade Advisor Peter Navarro &#8216;Dumber Than Sack Of Bricks,&#8217; Defends Tesla As &#8216;Most American-Made Cars&#8217;&nbsp;</a>
<ul>
<li>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) ranked in the top position as most overexposed to China with high scores in all criteria, especially Regional Issues (linked to human rights abuses and forced labor practices) and Supply Chain.&nbsp;</li>
</ul>
<ul start="2">
<li>Carrier Global Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) dominates China's commercial HVAC sector and operates 11 manufacturing sites, 5 R&amp;D centers and over 300 sales/service branches in the country.&nbsp;</li>
</ul>
<ul start="3">
<li>Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) produces 90% of iPhones, 70% to 80% of iPads and 50% of Mac products in China, according to Wedbush. Tech analyst Dan Ives<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44670176/nvidia-apple-top-names-to-own-cybersecurity-stocks-to-outperform-tech-analyst-dan-ives-says"> recently said</a> Apple &#8220;is in the eye of this storm," referring to the trade war with China. </li>
</ul>
<ul start="4">
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) U.S. energy business faces existential risks due to tariffs on Chinese battery cells which could double production costs for Powerwalls and Megapacks, <a href="https://electrek.co/2025/04/09/tesla-tsla-surges-trump-bigger-tariffs-on-china-destroy-energy-business/">according</a> to Electrek.&nbsp;</li>
</ul>
<ul start="5">
<li>Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) faces rising costs due to tariffs on critical raw materials like sucralose, sourced from U.S. and Chinese suppliers. The company noted in its 2024 annual report that tariffs could reduce profitability if price hikes fail to offset higher costs.&nbsp;</li>
</ul>
<ul start="6">
<li>Cummins, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) has a significant presence in China through strategic investments, joint ventures and innovation initiatives, particularly in clean energy and engine manufacturing.&nbsp;</li>
</ul>
<ul start="7">
<li>RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) said in 2023 that decoupling its supply chains from China was unrealistic. Former CEO Gregory Hayes said RTX had "several thousand" Chinese suppliers, and told the Financial Times that, "we are not in a position to pull out of China the way we did out of Russia."&nbsp;</li>
</ul>
<ul start="8">
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) faces significant supply chain disruptions due to its large presence in China and heavy reliance on imported components. In March, following the initial tariff increases, Honeywell implemented a 6.4% tariff surcharge on Building Management System (BMS) products, and more surcharges are likely to follow as the trade war escalates. </li>
</ul>
<ul start="9">
<li>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) CEO Bob Iger has expressed significant concerns about the impact of U.S. tariffs on Chinese imports, warning of broader economic consequences and specific challenges for Disney's operations. </li>
</ul>
<ul start="10">
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) faces significant challenges due to the escalating trade tensions, which have eroded the company's competitiveness in China. This is prompting buyers to seek alternative suppliers and forcing Caterpillar to reassess export strategies. </li>
</ul>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/04/44667862/oil-crashes-to-60-per-barrel-as-recession-fears-grow">Oil Crashes To $60 Per Barrel As Global Recession Fears Grow&nbsp;</a></li>
</ul>
Image: Shutterstock

10 Companies With Exposure To Trump's China Tariff War: Ford, Tesla, Apple, Disney And More

China announced on Thursday it would immediately restrict Hollywood film imports in retaliation for President Donald Trump&#8216;s tariff increases on Chinese goods, targeting a high-profile American export as trade tensions intensify.
What Happened: A spokesperson for the National Film Administration said, &#8220;The wrong move by the U.S. government to abuse tariffs on China will inevitably further reduce the domestic audience&#8217;s favorability towards American films. We will follow market rules, respect the audience&#8217;s choice, and moderately reduce the number of American films imported.&#8221;&nbsp;
The move could significantly impact major U.S. studios and entertainment companies with Chinese market exposure.
IMAX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) faces particular <a href="https://in.benzinga.com/25/04/44708103/why-investors-should-watch-chinas-service-trade-amid-us-tariff-escalation-disney-and-imax-most-impacted">exposure with 23% of its revenue derived from China</a>, where 45% of all IMAX screens are located. Despite this, the company recently reported strong performance in China during 2025&#8217;s first quarter, driven primarily by the domestic blockbuster &#8220;Ne Zha 2.&#8221;
&#8220;IMAX is benefiting from a blockbuster-heavy 2025-2026 slate and tighter cost control, especially in China,&#8221; noted Rosenblatt Securities analyst Steve Frankel, who maintains a &#8220;Buy&#8221; rating on the stock.
See Also: US Stock Futures Fall, Nikkei Crashes Over 5% As Markets Reel From Trump&#8217;s Tariff Shock
Why It Matters: Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Warner Bros Discovery Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) also face potential impacts. Disney&#8217;s Marvel superhero movie &#8220;Thunderbolts&#8221; secured permission to debut in China on Apr. 30, but the fate of other summer blockbusters remains uncertain. WBD&#8217;s stock has already fallen 21.80% over the last month amid these concerns.
The restrictions follow Beijing&#8217;s broader retaliation against Washington&#8217;s tariff hikes, which includes increasing its <a href="https://www.benzinga.com/25/04/44708618/china-retaliates-with-massive-84-tariff-hike-on-us-goods-amid-escalating-trade-war">levies on U.S. goods from 34% to 84%</a> and filing a World Trade Organization complaint.
Two influential Chinese bloggers with Communist Party connections recently suggested China would &#8220;reduce or ban the import of U.S.-made films&#8221; along with restricting American companies from <a href="https://www.benzinga.com/25/04/44708103/why-investors-should-watch-chinas-service-trade-amid-us-tariff-escalation-disney-and-imax-most-impacted">government procurement processes</a>.
For U.S. studios, the $600 million earned in China last year represents a small but <a href="https://www.benzinga.com/news/25/04/44717030/whats-going-on-with-warner-bros-discovery-wbd-stock">strategic portion of their global revenue</a>. However, China&#8217;s growing preference for domestic content had already created challenges for Hollywood before these new restrictions.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/04/44752456/obama-era-economist-jason-furman-says-trump-tariffs-now-higher-more-inflationary-than-announced-rais" target="_blank" rel="noreferrer noopener">Obama-Era Economist Jason Furman Says Trump Tariffs ‘Now Higher &amp; More Inflationary' Than Announced: Raising China Levies Outweighs 90-Day Delay On Others</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.

Equities

IMAX

Hollywood Becomes Collateral Damage In Trump Tariff War As China Slashes Film Imports, Says US Actions Will Inevitably Reduce 'Favorability' Towards American Films

As tensions persist in the tariff dispute, President Donald Trump brushed off China's decision to limit the screening of American films.
What Happened: The China Film Administration confirmed on April 10 that it would be reducing U.S. film imports, as reported by <a href="https://variety.com/2025/film/news/donald-trump-laughs-china-hollywood-movies-1236366364/">Variety</a> on Thursday. This decision is a response to Trump&#8217;s recent tariff increases on Chinese goods to 125%.
Trump, when questioned about China&#8217;s decision, responded with a laugh, saying, &#8220;I think I&#8217;ve heard of worse things.&#8221;
The China Film Administration stated that the U.S. government&#8217;s &#8220;wrong action&#8221; to impose high tariffs on China would &#8220;inevitably further reduce the domestic&nbsp;audience's favorability towards American films.&#8221; The administration plans to &#8220;follow the market rules, respect&nbsp;the audience's choice, and moderately&nbsp;reduce the number of American&nbsp;films imported.&#8221;
See Also:&nbsp;<a href="https://benzinga.com/news/global/25/04/44754763/obama-era-treasury-secretary-larry-summers-rejects-china-cheating-at-trade-narrative-we-get-ev-batter" target="_blank" rel="noreferrer noopener">Obama-Era Treasury Secretary Larry Summers Rejects China &#8216;Cheating&#8217; At Trade Narrative: We Get EV Batteries For &#8216;Pieces Of Paper&#8217; — It&#8217;s A Good Deal</a>
Why It Matters: The U.S. and China have been embroiled in a trade war, with Trump recently increasing tariffs on Chinese goods to 125%. In retaliation, <a href="https://benzinga.com/25/04/44708618/china-retaliates-with-massive-84-tariff-hike-on-us-goods-amid-escalating-trade-war">China has raised its tariffs</a> on U.S. goods to 84%. 
Hollywood films earned just under $600 million in China's $17.7 billion box office in 2024, a sharp contrast to the $8.6 billion generated across U.S. and Canadian theaters during the same period. 
Stocks like Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) are expected to draw attention due to their globally recognized intellectual property and a history of multi-million dollar blockbusters. Disney also operates a substantial merchandising and theme park business in China, which may face significant headwinds. Warner Bros. Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is also exposed, with numerous international licensing agreements in China that could be at risk. However, IMAX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) may feel the biggest impact, as it generates 23% of its revenue from China — home to 45% of all IMAX screens.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44745800/millionaire-trader-rakes-in-1-million-on-the-meme-coin-thats-outpacing-dogecoin-shiba-inu" target="_blank" rel="noreferrer noopener">Millionaire Trader Rakes In $1 Million On The Meme Coin That&#8217;s Outpacing Dogecoin, Shiba Inu &#8211; Benzinga</a>
Image via Shutterstock

Trump Shrugs Off China's Cutback On US Films Amid Ongoing Tariff Tensions: 'I've Heard Of Worse Things'

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Shares of companies within the broader communication services sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Press Releases

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The Walt Disney Company to Participate in the Morgan Stanley Technology, Media, and Telecom Conference

Carnival Cruise Line, Kiehl's, L'Oréal Paris, MNTN, and Samsung Galaxy Join Forces for the Biggest Multi-Brand Advertising Stunt in Oscars® History

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The Walt Disney Company Executives to Discuss Fiscal Second Quarter 2025 Financial Results via Webcast

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