Últimas noticias sobre Ensysce Biosciences (NASDAQ:ENSC) Bolsa

Ensysce Biosciences

Ensysce Biosciences Inc is a clinical-stage biotech company using its proprietary technology platforms to develop safer prescription drugs. The company is developing a new class of powerful, tamper-proof opioids that prevent both drug abuse and overdoses. Its products are anticipated to provide safer options to treat severe pain and assist in preventing deaths caused by opioid abuse, reducing human and economic costs. The company's current development pipeline includes two new drug platforms: an abuse-resistant opioid prodrug technology, theTrypsin Activated Abuse Protection, or the TAAP platform, and an over-dose protection opioid prodrug technology, the Multi-Pill Abuse Resistant, or the MPAR platform. The Company currently operates in one business segment, which is pharmaceuticals.

Ensysce Biosciences Inc

Ensysce Biosciences Inc Warrants (05/12/2019)

News

Guidance

Constellation Brands Outlook EPS Growth For Fiscal 2027 Mid-Single Digit To Low-Double Digit; EPS Growth For Fiscal 2028 Low-Single Digit To Mid-Single Digit

<a href="https://www.youtube.com/watch?v=qr9AeMFXzpY">https://www.youtube.com/watch?v=qr9AeMFXzpY</a>
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Macro Economic Events

Politics

Global

Economics

General

President Trump Says Think We Will End Up Making Very Good Deal With China

The companies in the list below are the ones that announced the most significant buybacks as a percentage of their market caps. They are not the largest buybacks in absolute dollar terms. A word of caution. Some of these companies could be low-volume small-cap or micro-cap stocks with a market cap below $2 billion.
1. Abercrombie &amp; Fitch Co. (ANF): $66.94
On March 5, 2025, the Board of Directors of this specialty retailer&nbsp;<a href="https://corporate.abercrombie.com/investors/news-and-events/news/news/?id=25511" target="_blank" rel="noreferrer noopener">announced</a>&nbsp;that it had approved a new $1.3 billion share repurchase program, equal to around 30% of its market cap at announcement.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Market Cap: $3.27B</td>
<td>Avg. Daily Volume (30 days): 2,649,265</td>
<td>Revenue (TTM): $4.95B</td>
</tr>
<tr>
<td>Net Income Margin (TTM): 11.44%</td>
<td>ROE (TTM): 46.52%</td>
<td>&nbsp;Net Debt: $62.67M</td>
</tr>
<tr>
<td>P/E: 6.26</td>
<td>Forward P/E: 6.39</td>
<td>EV/EBITDA (TTM): 3.64</td>
</tr>
</tbody>
</table>
</figure>
2. American Eagle Outfitters, Inc. (AEO): $9.65
On March 11, 2025, the Board of Directors of this specialty retailer&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/919012/000095017025038028/aeo-ex99_1.htm" target="_blank" rel="noreferrer noopener">announced</a>&nbsp;that it had approved an authorization of an additional 50 million shares, equal to around 26% of its market cap at announcement.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Market Cap: $1.66B</td>
<td>Avg. Daily Volume (30 days): 6,190,932</td>
<td>Revenue (TTM): 5.33B</td>
</tr>
<tr>
<td>Net Income Margin (TTM): 6.18%</td>
<td>ROE (TTM): 18.93%</td>
<td>&nbsp;Net Debt: $1,087M</td>
</tr>
<tr>
<td>P/E: 5.74</td>
<td>Forward P/E: 6.96</td>
<td>EV/EBITDA (TTM): 4.14</td>
</tr>
</tbody>
</table>
</figure>
3. Alico, Inc. (ALCO): $28.58
On March 25, 2025, the Board of Directors of this agribusiness and land management company&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/3545/000000354525000062/alco-20250402.htm" target="_blank" rel="noreferrer noopener">announced</a>&nbsp;that it had approved a new $50 million stock repurchase agreement. This represents around 22% of its market cap at announcement.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Market Cap: $218.28M</td>
<td>Avg. Daily Volume (30 days)0: 51,059</td>
<td>Revenue (TTM): $49.55M</td>
</tr>
<tr>
<td>Net Income Margin (TTM): -91.09%</td>
<td>ROE (TTM): -17.46%</td>
<td>&nbsp;Net Debt: $100.50M</td>
</tr>
<tr>
<td>P/E: -4.82</td>
<td>Forward P/E: -41.42</td>
<td>EV/EBITDA (TTM): -292.01</td>
</tr>
</tbody>
</table>
</figure>
4. Emergent BioSolutions Inc. (EBS): $4.28
On March 31, 2025, the Board of Directors of this life sciences company&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/1367644/000136764425000087/a20250331pressrelease.htm" target="_blank" rel="noreferrer noopener">a</a>uthorised a new $50 million&nbsp;share repurchase program, equal to around 19% of its market cap at announcement.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Market Cap: $232.56M</td>
<td>Avg. Daily Volume (30 days): 1,230,908</td>
<td>Revenue (TTM): $1.04B</td>
</tr>
<tr>
<td>Net Income Margin (TTM): -18.36%</td>
<td>ROE (TTM): -37.35%</td>
<td>&nbsp;Net Debt: $576.60M</td>
</tr>
<tr>
<td>P/E: -1.19</td>
<td>Forward P/E: 6.29</td>
<td>EV/EBITDA (TTM): 15.15</td>
</tr>
</tbody>
</table>
</figure>
5. DICK'S Sporting Goods, Inc. (DKS): $171.20
On&nbsp;March&nbsp;10, 2025,&nbsp;the Board of Directors of&nbsp;this sporting goods retailer&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/1089063/000108906325000010/dks-20250310.htm" target="_blank" rel="noreferrer noopener">authorised&nbsp;</a>a new $3 billion&nbsp;share repurchase program, equal to around 17.5% of its market cap at announcement.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Market Cap: $13.65B</td>
<td>Avg. Daily Volume (30 days): 1,426,003</td>
<td>Revenue (TTM): $13.44B</td>
</tr>
<tr>
<td>Net Income Margin (TTM): 8.67%</td>
<td>ROE (TTM): 39.26%</td>
<td>&nbsp;Net Debt: $2,798M</td>
</tr>
<tr>
<td>P/E: 12.18</td>
<td>Forward P/E: 12.20</td>
<td>EV/EBITDA (TTM): 8.79</td>
</tr>
</tbody>
</table>
</figure>
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You may view the latest post at <a href="https://www.insidearbitrage.com/2025/04/cannae-boosts-its-buyback-following-dnb-sale-buyback-wednesdays/" target="_blank" rel="noreferrer noopener">https://www.insidearbitrage.com/2025/04/cannae-boosts-its-buyback-following-dnb-sale-buyback-wednesdays/</a> Disclaimer: Please do your own due diligence before buying or selling any securities. We do not warrant the completeness or accuracy of the content or data provided in this email.

Equities

Buybacks

Opinion

Markets

Top 5 Stock Buyback Announcements

Constellation Brands Sees 2026 Enterprise Organic Net Sales Growth Flat To 3%; Outlook FY27-FY28 Enterprise Net Sales Growth Rates Up About 2%-4%

Constellation Brands Announces New 3-Year $4B Share Repurchase Authorization

Constellation Brands Says Guidance Assumptions Reflect The Anticipated Impact Of Tariffs Announced By U.S. On April 2, Canada On March 4; Restructuring Actions Expected To Generate Over $200M In Net Annualized Cost Savings By Fiscal 2028

Billionaire investor Bill Ackman and CEO of Pershing Square Capital Management on Wednesday praised President Donald Trump's decision to place a 90-day pause on tariffs for countries that have not retaliated against <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">U.S. trade measures.</a>
The president also hiked tariffs on China to 125%, effective immediately.&nbsp;
What To Know: Ackman took to the social media platform X to express his relief and gratitude to President Trump and Treasury Secretary Scott Bessent in a series of posts.  
"Thank you on behalf of all Americans," Ackman <a href="https://x.com/BillAckman/status/1910023000465846348">wrote</a>, adding ".<a href="https://x.com/SecScottBessent">@SecScottBessent</a> rocks!"
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>
In a subsequent post, Ackman highlighted Trump's approach as the "perfect setup for trade negotiations over the next 90 days," and added some advice for China.&nbsp;
"Pick up the phone and call the President. He is a tough but fair negotiator. The longer China holds out and retaliates, the worse the outcome for China," he <a href="https://x.com/BillAckman/status/1910037445384470611">wrote</a>.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The benefit of <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>'s approach is that we now understand who are our preferred trading partners, and who the problems are. China has shown themselves to be a bad actor. Our counterparties also have a taste of what life is like if they don't take down their trade…
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1910037445384470611?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He also advised China to move quickly as companies are already in the process of finding new suppliers and supply chains in order to avoid the high import fees now associated with Chinese goods.&nbsp;
"Supply chains are time consuming and can be expensive and challenging to move. Once moved, they are sticky. Tick tock," Ackman <a href="https://x.com/BillAckman/status/1910047632258449520">wrote</a>.&nbsp;
The billionaire investor had<a href="https://www.benzinga.com/markets/equities/25/04/44661978/bill-ackman-blames-market-collapse-on-tariff-timing-says-trump-advisor-should-be-fired-now-predicts-a-lot-more-than-5-dip"> previously called</a> for a 90-day pause on tariffs to allow for negotiations and warned of an "economic nuclear winter" that could result if the policies had stood.&nbsp;&nbsp;
Market Reaction: All three major indexes rallied following the president's tariff pause with the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), tracking the S&amp;P 500, up 9.48% and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, rising 12% to close Wednesday's session. 
Read Next:&nbsp;
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</ul>
Image created using artificial intelligence via Midjourney.

Broad U.S. Equity ETFs

ETFs

Billionaire Investor Bill Ackman Praises Trump's Tariff Pause: 'Thank You On Behalf Of All Americans'

Constellation Brands Sees FY26 Comparable EPS $12.60-$12.90 vs $14.02 Est.

Earnings

Earnings Beats

Constellation Brands Q4 2025 Adj. EPS $2.63 Beats $2.28 Estimate, Sales $2.164B Beat $2.130B Estimate

VERO

Venus Concept  Enters Into Definitive Agreements For The Purchase And Sale Of 328,573 Shares Of Common Stock At A Purchase Price Of $3.50 Per Share In A Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

Dividends

CORRECTION: Easterly Government Properties Reduces Quarterly Dividend From $0.265 To $0.180

Easterly Government Properties Says After Giving Effect To The Reverse Stock Split And The Payment Of The Company's Quarterly Cash Dividend, The Company Reaffirms Its 2025 Earnings Outlook

<ul>
<li>Amezalpat (TPST-1120) is Phase 3-ready: completed FDA and EMA interactions for first-line pivotal study in hepatocellular carcinoma (HCC); global investigator support in place</li>
<li>Awarded both Orphan Drug &amp; Fast Track designations for amezalpat based on positive randomized Phase 2 data in first-line HCC</li>
<li>Received FDA "Study May Proceed" letter for TPST-1495 in a Phase 2 trial for the treatment of familial adenomatous polyposis (FAP); data expected 2026 &nbsp;</li>
</ul>
BRISBANE, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- Tempest Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPST#NASDAQ">TPST</a>), a clinical-stage biotechnology company developing first-in-classi targeted and immune-mediated therapeutics to fight cancer, today announced that the company plans to explore a full range of strategic alternatives to advance its promising clinical stage programs and maximize stockholder value. Strategic alternatives under consideration may include, but are not limited to, mergers, acquisition, partnerships, joint ventures, licensing arrangements or other strategic transactions. The company has retained MTS Health Partners, L.P., an internationally recognized financial advisor with substantial experience in the biotechnology industry, to support it with the strategic evaluation process.

Tempest Therapeutics, Inc. - Common Stock

TPST

Tempest Therapeutics Plans to Explore Strategic Alternatives to Advance Promising Clinical Stage Programs And Maximize Stockholder Value

Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) shares traded higher on Wednesday after the company secured $23.24 million in bridge financing from <a href="https://www.benzinga.com/25/04/44706310/why-venus-concept-shares-are-trading-higher-by-over-200-here-are-20-stocks-moving-premarket">Madryn Health Partners</a>.
What To Know: Venus Concept announced that entered into a Loan and Security Agreement with lenders last year. The company announced late Tuesday that the lenders agreed to provide bridge financing of approximately $23.24 million, up from the previous agreement of up to $5 million.
In addition, Venus Concept announced it exchanged $11 million in subordinated convertible notes for 379,311 shares of Series Y preferred stock. This transaction reduces the company&#8217;s total debt to approximately $35.5 million, down significantly from $76.7 million a year ago and from $39.7 million at the end of last quarter.
The price action in shares potentially reflects the investor response to a combination of new capital inflow and a reduced debt burden. The financing deal and debt conversion may signal stronger short-term liquidity and an effort to restructure obligations, both of which appear to be giving traders confidence.
It&#8217;s also worth noting that Venus Concept is considered a low-float stock with just 536,698 shares available for public trading, per <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company also had a market cap of less than $2 million as of Tuesday's close. Low-float, micro-cap stocks can be very volatile, which may help explain some of Wednesday's surge.
<h3 class="wp-block-heading">Is VERO A Good Stock To Buy? </h3>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/VERO">Venus Concept</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Venus Concept does not pay a dividend, but obviously has a few ways it can return value to shareholders. 
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/VERO">Venus Concept</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
VERO Price Action: Venus shares closed Wednesday up 205.8% at $8.93, according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0409"><img loading="lazy" decoding="async" width="1024" height="524" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09150130/Screenshot-2025-04-09-at-15.01.01-1024x524.png" alt="" class="wp-image-864561" style="width:481px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09150130/Screenshot-2025-04-09-at-15.01.01-1024x524.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09150130/Screenshot-2025-04-09-at-15.01.01-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09150130/Screenshot-2025-04-09-at-15.01.01-768x393.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09150130/Screenshot-2025-04-09-at-15.01.01.png 1527w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">Wall Street Roars As Trump Pauses Tariffs For Non-Retaliator, Hikes China Duties To 125%</a></li>
</ul>
Photo: FOTOGRIN/Shutterstock.

Movers

Venus Concept Shares Tripled On Wednesday: Here's What Happened

Company shares its unique position to serve customers and members when they need it most and that U.S. eCommerce business is on track to be profitable this year
Today, Walmart hosted its investment meeting where the company's leadership team highlighted the consistency and strength of the company's business operations and strategy. Walmart showcased its resiliency and its ability to innovate, change, and continue to deliver growth and shareholder value.
Doug McMillon, president and CEO, Walmart Inc., expressed confidence in Walmart's ability to navigate against a more fluid backdrop, given improved business flexibility and profit diversification.
He also emphasized the company's resilience, having successfully managed through periods of uncertainty over the company's history. McMillon also highlighted Walmart's ongoing transformation, driven by investments in customer and member experiences, technology and a flexible business model designed to adapt to changing market conditions.
"While in the short term we are not immune to some of the effects businesses face in today's operating environment, we are uniquely positioned to play offense," McMillon said. "Changes we're making to our business add even more strength and flexibility for our future. We're an ‘and' company. We're people and tech; stores and eCommerce; innovation and execution."
John David Rainey, executive vice president and chief financial officer, Walmart Inc., provided insights into the company's financial framework and strategic investments. He reiterated Walmart's commitment to growing operating profits faster than sales, driven by scaling digital and related businesses, including membership, advertising, data and Fintech.
<ul>
<li>Value Creation: Walmart's strategic investments in associate wages, technology, and customer experience have positioned the company for sustained growth.</li>
<li>Omnichannel Model: The integration of physical and digital capabilities has resulted in share gains, higher returns, and a durable competitive advantage.</li>
<li>Profit Growth: Walmart's newer digital businesses, such as advertising and data, are significantly boosting profit growth. Additionally, the company also announced that its U.S. eCommerce business is on track to be profitable this year.</li>
</ul>
Rainey also confirmed the company's priorities in the current operating environment. These include keeping prices as low as we can, leveraging data and automation to further improve the flow of inventory, and managing costs.
The President and CEO for each of Walmart Inc.'s business units – Walmart International, Sam's Club U.S. and Walmart U.S. – also spoke. Key highlights from their presentations are below.
President and CEO, Walmart International, Kath McLay, shared the segment's growth story, which is accretive to enterprise growth in sales and profits. Walmart International is on track to meet its goal set in 2023 of reaching $200 billion in GMV and doubling profits and digital mix by 2028 having grown net sales by 9.1% and operating income 17% in constant currency 1over the past fiscal year.
<ul>
<li>Market Leadership: Walmart International is in the right markets to win with a growth focus on Mexico, China, and India and is committed to being the leading omnichannel retailer in every market it operates, leveraging its store network and eCommerce capabilities. In the past two years, Walmart International eCommerce sales grew 45%.</li>
<li>Innovation and Learning: The company's local businesses are continuously innovating and sharing best practices, enhancing its ability to serve customers better across the globe by leaning on global strategies and platforms. Rapid commerce capabilities are being deployed across growth markets, reaching more customers with more items, even faster, some within minutes.</li>
<li>Community Impact: Walmart International has more than 500,000 associates and serves more than 95 million customers and members each week. The business shares Walmart's broader purpose of helping people save money and live better - it's deeply felt by customers worldwide, with initiatives that support local communities and create opportunities.</li>
</ul>

Walmart Reaffirms Its Strategy To Fit For Today And For The Future

Global Blockchain Acquisition Corp. (the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBBK#NASDAQ">GBBK</a>) today announced that it will cease its operations as of April 14, 2025 (the first business day following the end of the business combination period, the "Record Date"), and as promptly as reasonably possible but not more than ten business days thereafter, will redeem all of its outstanding shares of common stock that were included in the units issued in its initial public offering (the "public shares"), effective as of the close of business on the Record Date, as the Company will not consummate an initial business combination on or prior to April 12, 2025.&nbsp;
Pursuant to the Amended and Restated Certificate of Incorporation, if the Company does not complete its initial business combination by April 12, 2025 (subject to the Board's election to contribute funds to the trust account in order to extend monthly), then the Company will: (i) cease all operations except for the purpose of winding up, (ii) promptly redeem the public shares within ten business days thereafter, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Company's trust account including interest earned on the funds held in the trust account (less taxes payable), divided by the number of then outstanding public shares, which redemption will completely extinguish public shareholders' rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) thereafter, subject to the approval of the Company's remaining shareholders and its board of directors, dissolve and liquidate, subject in each case to the Company's obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.
The public shares will cease trading on April 13, 2025. As of the close of business on April 13, 2025, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount.
The redemption amount will be payable to the holders of the public shares upon delivery of their shares. Beneficial owners of public shares held in "street name," however, will not need to take any action in order to receive the redemption amount.
There will be no redemption rights or liquidating distributions with respect to the Company's warrants or rights, which will expire worthless.

GBBK

Global Blockchain Acquisition Corp To Cease Operations And Redeem All Public Shares By April 14, 2025, Following Failure To Complete Business Combination; Warrants And Rights Expire Worthless

Stock Split

Easterly Government Properties Approved 1-For-25 Reverse Stock Split

Constellation Brands Signs Agreement With The Wine Group To Divest Primarily Mainstream Wine Brands And Related Vineyards And Facilities From Its Wine Portfolio

Retail stocks such as Capri Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>) and Ralph Lauren Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>) are up Wednesday after President Donald Trump announced a 90-day suspension on reciprocal tariffs for countries that have not retaliated against the U.S., easing trade tensions <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">for import-heavy sectors.</a>
What To Know: Trump's announcement excluded China, which instead will face an immediate 125% tariff hike. The decision triggered a broad rally across consumer and discretionary stocks, as investors saw relief for companies reliant on imported goods and global supply chains.
In a Truth Social post, Trump praised over 75 countries that he said followed his advice by avoiding retaliatory measures. Those nations will now benefit from a reduced 10% reciprocal tariff and a delay in further duties, offering temporary cost stability for retailers.
Treasury Secretary Scott Bessent addressed the policy in a White House press conference, calling it a long-overdue correction to global trade imbalances. He emphasized that the 10% tariff rate is a temporary floor meant to provide more predictability in international commerce.
Bessent also took aim at China, highlighting the trade deficit and accusing Beijing of acting in bad faith. He said the new tariff structure creates leverage for future negotiations and gives U.S. businesses room to breathe.
Price Actions: Capri Holdings shares closed Wednesday up 31.09% to $16.36 and Ralph Lauren Corporation closed up 14.28% to $208.37 at the time of publication, according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro.</a>
Photo: Shutterstock.

CPRI

Retail Stocks Rally On Tariff Pause: What's Going On?

If Warren Buffett was the voice of calm in the financial world, Charlie Munger was the dry, sharp-edged whisper reminding everyone not to do anything stupid.
The legendary investor, who died in November 2023 just weeks shy of his 100th birthday, left behind more than just billions and Berkshire Hathaway stock. He left behind decades of quotes—Mungerisms—that read like a masterclass in life, investing, and avoiding disaster. And in one of his final <a href="https://www.cnbc.com/2023/11/30/full-transcript-from-cnbcs-charlie-munger-a-life-of-wit-and-wisdom-.html">interviews with CNBC's Becky Quick</a>, recorded two weeks before he death, he summed up his secret to a long, successful life in one perfect line:
"Avoid crazy at all costs."
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Then, with the kind of understated menace only Munger could deliver, he added:
"Crazy is way more common than you think. It's easy to slip into crazy. Just avoid it, avoid it, avoid it."
It was classic Munger: witty, blunt, and almost annoyingly accurate.
Though he downplayed any "secret" to long life, the billionaire investor made it clear he lived by one core strategy—don't blow yourself up. "My game in life was always to <a href="https://www.benzinga.com/news/25/02/43903504/charlie-mungers-financial-success-and-longevity-advice-my-game-in-life-was-always-to-avoid-all-standard-ways-of-failing">avoid all standard ways of failing</a>," he said. Whether it was personal vices or financial recklessness, Munger dodged them with near-religious consistency. "You teach me the wrong way to do something, I will avoid it," he said. "And, of course, I've avoided a lot, because I'm so cautious."
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That caution was more than just a lifestyle—it was a business philosophy. Buffett once summed it up like this: "There are only three ways a smart person can go broke: liquor, ladies, and leverage." Munger agreed. While the two could have doubled Berkshire Hathaway's value by using borrowed money, they didn't. Why? Because they didn't want to destroy the wealth of everyday shareholders if things went south. "We ran it very cautiously," Munger explained.
When asked what "crazy" actually looks like, Munger pointed to exactly those traps—addiction, overconfidence, reckless risk-taking. "If it can take that many fine people into deep trouble," he said, "stay away from it."
Munger wasn't a saint—he joked that he had two vices of his own he couldn't give up: <a href="https://www.benzinga.com/personal-finance/25/03/44571776/charlie-munger-lived-to-99-and-refused-to-give-up-his-favorite-soda-im-sure-diet-coke-shortens-my-life-a-little-but-i-dont-give-a-damn">peanut brittle and Diet Coke</a>. But those indulgences didn't land anyone in bankruptcy court.
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The man who once said, "<a href="https://www.benzinga.com/real-estate/24/06/39292446/charlie-munger-said-if-people-werent-so-often-wrong-we-wouldnt-be-so-rich-heres-what-investors-get-w">If people weren't so often wrong, we wouldn't be so rich</a>," made a career—and a life—out of avoiding obvious mistakes. He didn't chase fads, didn't gamble, and didn't overcomplicate things. Instead, he built an empire by staying clear-eyed, brutally logical, and grounded in the idea that surviving was just as important as thriving.
He may not have made it to 100, but Charlie Munger made almost every day of those 99 years count—and left behind the simplest, most Munger-style roadmap of all:
Avoid crazy. Because chances are, it's already closer than you think.
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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'

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