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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, the Trypsin 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)

Seven people were injured when a South Korean KF-16 fighter jet accidentally dropped eight bombs outside a firing range in Pocheon during a live-fire exercise with U.S. forces on Thursday. 
The incident comes ahead of scheduled joint drills Mar. 10-20, the first since President Donald Trump&#8216;s return to office.
&#8220;Our KF-16 (jet fighter) abnormally dropped 8 shells of MK-82 bombs. It landed outside of firing range,&#8221; Korea&#8217;s Air Force <a href="https://www.bbc.com/news/articles/c2ernge8193o">told</a> the BBC.
This heightened military readiness occurs amid growing concerns over the <a href="https://www.benzinga.com/news/24/10/41303230/north-korean-forces-aiding-russia-in-ukraine-war-effort">North Korea-Russia alliance</a>.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

South Korean Fighter Jet Accidentally Drops 8 Bombs Near Firing Range During US Joint Drill

Elon Musk‘s rocket manufacturing company SpaceX postponed the eighth test flight of its Starship launch vehicle until Thursday.
What Happened:&nbsp;The launch window for the test flight will open at 5:30 p.m. CT on Thursday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starship&#39;s eighth flight test now targeting to launch as soon as Thursday, March 6 → <a href="https://t.co/alyJTRtOIP">https://t.co/alyJTRtOIP</a> <a href="https://t.co/3OORFZbSPT">pic.twitter.com/3OORFZbSPT</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1897268163911540778?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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The Starship was most recently expected to launch from Starbase, Texas on Wednesday. 
On Monday, the company called the launch off seconds before liftoff as it experienced an issue with the vehicle.
&#8220;Too many question marks about this flight and then we were 20 bar low on ground spin start pressure. Best to destack, inspect both stages and try again in a day or two,&#8221; Musk said about the decision to stand down from the launch.
Why It Matters:&nbsp;For the upcoming test flight, SpaceX is eyeing Starship&#8217;s first payload deployment and experiments aimed at returning the upper stage of the two-stage vehicle to the launch site for catch. The company will also attempt to return and catch the vehicle&#8217;s Super Heavy booster, failing which it will have a soft splashdown in the Gulf of America.
SpaceX will attempt to deploy four Starlink simulators on its next flight, similar in size to the next generation of Starlink satellites.
SpaceX last launched Starship on Jan. 16.&nbsp;The spacecraft lifted off from Starbase in Texas at 4:37 p.m. CT, and the vehicle booster landed back at the launch site after separation from its first stage. The spacecraft, however,&nbsp;<a href="https://www.benzinga.com/25/01/43046722/starship-explodes-during-flight-test-elon-musk-says-success-is-uncertain-but-entertainment-is-guaranteed" target="_blank" rel="noreferrer noopener">disintegrated in space during the flight test owing to a propellant leak.</a>&nbsp;
The upcoming test flight would be Starship&#8217;s eighth to date and second this year. SpaceX started testing Starship in April 2023.
The Starship vehicle is part of big dreams. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of Starship</a>, Musk is dreaming of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard Starship. However, the vehicle is currently in the testing and development phase.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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<li><a href="https://www.benzinga.com/25/03/44101333/fords-mustang-mach-e-leads-companys-us-ev-sales-in-feb-but-trump-tariffs-threaten-future" target="_blank" rel="noreferrer noopener">Ford's Mustang Mach-E Leads Company's US EV Sales In Feb But Trump Tariffs Threaten Future</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Tech

Elon Musk's SpaceX Starship's Next Test Flight Further Postponed To Thursday

Japanese and German government bond yields climbed sharply on Thursday, with Japan&#8217;s 10-year yield reaching its highest level since 2009 amid a <a href="https://www.benzinga.com/markets/equities/25/03/44101132/tech-sector-hammered-as-trumps-tariff-plans-spark-market-selloff-nvidia-arm-super-micro-lead-tech-bloodbath">broader market sell-off early this week</a>.
What Happened: Germany&#8217;s 10-year Bund yield jumped approximately 28 basis points to 2.76%, reaching its highest level since October 2023. This marks the largest sell-off in German government bonds since the months following the Berlin Wall&#8217;s fall, driven by expectations of increased spending, according <a href="https://tradingeconomics.com/germany/government-bond-yield">to</a> Trading Economics.
The yield on Japan&#8217;s 10-year government bond surged above 1.5% Thursday, tracking a rally in European bond yields after Germany announced plans for a €500 billion ($540.18 billion) infrastructure fund and proposals to overhaul borrowing rules.
In February, Bank of Japan Deputy Governor Shinichi Uchida stated that the central bank would consider <a href="https://www.benzinga.com/markets/asia/25/02/43425523/bank-of-japan-signals-further-rate-hikes-possible-amid-inflation-economic-overheating-worries">further interest rate hikes if economic forecasts are met</a>. Uchida emphasized that Japan&#8217;s exit from extensive monetary easing is just beginning, despite already raising rates to a 17-year high of 0.5% in January.
See Also: <a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: Economist Peter Schiff wrote on X, &#8220;With German Bund yields moving up too and the dollar falling, Treasuries will have a lot of competition. Rising bond yields will drive the U.S. economy deeper into recession.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The yield on the 10-year JGB just hit 1.5%. No one is paying attention to this slow-moving train wreck. With German Bund yields moving up too and the dollar falling, Treasuries will have a lot of competition. Rising bond yields will drive the U.S. economy deeper into recession.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1897508968114659682?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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The movements carry significant implications for U.S. investors as Japan shifts away from ultra-loose monetary policy. Since ending its 17-year negative interest rate policy in March 2024, Japan has seen stronger yen and rising yields, prompting Japanese investors to <a href="https://www.benzinga.com/markets/bonds/25/02/43772167/japan-bond-yields-hit-15-year-high-as-gdp-growth-surpasses-expectations-peter-schiff-warns-of-train-wreck">repatriate capital from foreign markets</a>.
U.S. Treasury yields remained near four-month lows on Wednesday, with the 10-year note at 4.23%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) fell 0.24% amid mixed economic data showing strong services sector growth but weakening employment figures.
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He&#8217;d Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment&#8217;</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.

Asia

Bonds

Markets

iShares Trust Barclays 20+ Year Treasury Bond Fund

Peter Schiff Warns Of US 'Recession' Risk As Japanese Bond Yields Hit 15-Year High And German Bond Sell-Off Triggers Market Shock

The U.S. Senate voted on Wednesday to revoke the Consumer Financial Protection Bureau's authority to oversee digital payment platforms. This move could reportedly directly benefit Elon Musk's social media company, X.
What Happened: The rule, finalized last year, was designed to regulate fraud and privacy issues in online financial transactions, similar to its oversight of traditional financial institutions, <a href="https://www.theverge.com/news/624904/cfpb-digital-payments-musk-x-conflict-doge">reported</a> The Verge.
Republicans backing the resolution argued that the CFPB had overreached its regulatory scope. However, Sen. Jack Reed (D-RI) framed the decision differently, saying, "A vote in favor of this resolution is a vote to strip federal oversight of Elon Musk's payments company."
Following the Senate's move, Sens. Elizabeth Warren (D-Mass.) and Adam Schiff (D-Calif.) sent a letter to the Office of Government Ethics (OGE), demanding an inquiry into Musk's potential conflicts of interest.
See Also: <a href="https://in.benzinga.com/25/02/44021519/capital-one-berkshire-hathaway-rocket-companies-shares-move-higher-after-cfpb-drops-lawsuits">Capital One, Berkshire Hathaway, Rocket Companies Shares Move Higher After CFPB Drops Lawsuits</a>
The lawmakers questioned whether Musk, as a &#8220;special government employee&#8221; with influence over the Department of Government Efficiency or DOGE, had improperly used his position to weaken the CFPB's oversight, benefiting X, Tesla, and Visa.
Why It Matters: Musk has been a vocal critic of the CFPB. Last month, he took to X, and posted "CFPB RIP."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">CFPB RIP &#x1faa6;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1887979940269666769?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
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His <a href="https://in.benzinga.com/news/25/03/44143475/trumps-u-s-doge-service-claims-65b-in-savings-experts-call-it-smoke-and-mirrors-amid-resignations">involvement with DOGE</a>, which has played a role in curtailing CFPB operations, has also raised concerns over regulatory fairness and potential self-dealing.
In February, President Donald Trump also repeatedly said that the bureau is finished. Referring to it as "the ultra-left CFPB," the President stated that he <a href="https://in.benzinga.com/news/25/02/44028664/trump-says-he-shut-down-the-ultra-left-cfpb-after-bankers-and-loan-officers-called-him-almost-crying">took steps to dismantle</a> the agency after receiving emotional pleas from bankers and loan officers who were struggling under its regulations.
The resolution now moves to the House for approval, while the ethics investigation into Musk's role remains ongoing.
Image via Shutterstock
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<li><a href="https://in.benzinga.com/personal-finance/25/02/43752458/russell-vought-orders-pause-on-all-cfpb-activity-critics-say-this-gives-corporations-the-green-light-to-scam-families">Russell Vought Orders Pause On All CFPB Activity, Critics Say This Gives Corporations &#8216;The Green Light To Scam Families&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Government

Media

Elon Musk's Influence Under Scrutiny As Senate Votes To Block CFPB's Digital Payments Oversight, Sparks Conflict-Of Interest Probe

Hong Kong stocks surged Thursday morning, with the Hang Seng Index climbing 2.5% to 24,183.07, reaching its highest level since January 2022 and extending its year-to-date gains to 23.37%.
What Happened: Chinese tech giants led the rally on Hong Kong Exchange, with Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) rallying 7.24% to 139.30 HKD ($17.93) and Tencent Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) jumping 5.84% to 534.00 HKD ($68.72). 
Other major tech firms also posted substantial gains, including Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) up 3.83% to 90.80 HKD ($11.68), JD.com Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JDCMF#OTC">JDCMF</a>) rising 4.06% to 171.20 HKD ($22.03), and Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>) advancing 4.08% at 179.50 HKD ($23.10).
The market rally follows Premier Li Qiang&#8216;s announcement of increased fiscal stimulus during China&#8217;s annual parliamentary meeting on Wednesday, Reuters reported. Li pledged to &#8220;vigorously boost&#8221; sluggish consumption and cushion impacts from escalating U.S. trade tensions, while maintaining China&#8217;s 5% growth target for 2025.
&#8220;An increasingly complex and severe external environment may exert a greater impact on China in areas such as trade, science, and technology,&#8221; Li warned, addressing what he called &#8220;changes unseen in a century.&#8221;
See Also: <a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: Beijing plans to issue 1.3 trillion yuan ($179 billion) in ultra-long special treasury bonds this year, up from 1 trillion yuan in 2024, and will allow local governments to issue 4.4 trillion yuan in special debt. The budget deficit is projected to widen to around 4% of GDP.
Investors seem particularly enthused by China&#8217;s AI ambitions, with Li promising to foster artificial intelligence applications across electric vehicles, smartphones, and robots. Market sentiment has been bolstered by the recent emergence of AI platform Deepseek, with Alibaba also announcing its new QwQ-32B reasoning model today.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today, we release QwQ-32B, our new reasoning model with only 32 billion parameters that rivals cutting-edge reasoning model, e.g., DeepSeek-R1. Blog: <a href="https://t.co/zCgACNdodj">https://t.co/zCgACNdodj</a> HF: <a href="https://t.co/pfjZygOiyQ">https://t.co/pfjZygOiyQ</a> ModelScope: <a href="https://t.co/hcfOD8wSLa">https://t.co/hcfOD8wSLa</a> Demo: <a href="https://t.co/DxWPzAg6g8">https://t.co/DxWPzAg6g8</a> Qwen Chat:… <a href="https://t.co/kfvbNgNucW">pic.twitter.com/kfvbNgNucW</a>
&mdash; Qwen (@Alibaba_Qwen) <a href="https://twitter.com/Alibaba_Qwen/status/1897361654763151544?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He&#8217;d Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment&#8217;</a></li>
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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

BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

BIDU

JDCMF

MPNGY

TCEHY

Alibaba Soars 7% On AI Push As China Pledges To 'Vigorously Boost' Spending — Hang Seng Reaches 2-Year High

Aptos (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">APT</a>) blasted with double-digit gains Wednesday after cryptocurrency fund manager Bitwise Asset Management filed an exchange-traded fund application with the SEC.
What happened: The Layer-1 blockchain token rallied over 12% in the last 24 hours, surging past $6 after over a month. The coin's trading volume soared 27.53% to $402.87 million in the 24-hour period.
APT&#8217;s advance overpowered market heavyweights Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which rose 5.53% and 5.22%, respectively, in the last 24 hours.
The surge came after Aptos Labs CEO Avery Ching confirmed an S-1 filing by Bitwise to list shares of Bitwise Aptos ETF.&nbsp;
"It's a big 1st for the Move ecosystem, as promised, Ching said, referencing the programming language used in the Aptos blockchain.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Rumor no more. Can confirm <a href="https://twitter.com/BitwiseInvest?ref_src=twsrc%5Etfw">@BitwiseInvest</a> has filed an S-1 application for an <a href="https://twitter.com/Aptos?ref_src=twsrc%5Etfw">@Aptos</a> ETF. It's a big 1st for the Move ecosystem, as promised. Move money chain looking S-1 good here <a href="https://t.co/rTp8lIU1JS">https://t.co/rTp8lIU1JS</a>
&mdash; avery.apt &#x1f310; (@AveryChing) <a href="https://twitter.com/AveryChing/status/1897386447357010178?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
Why It Matters: The S-1 filing is a prerequisite for issuers to file to offer new securities. The firm submitted an ETF filing to Delaware's Department of State's Division of Corporations last week, considered a precursor to an official SEC filing.
The <a href="https://www.benzinga.com/money/what-is-aptos-apt">California-headquartered Aptos Labs</a> was built by former Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) engineers and operates a proof-of-stake consensus mechanism to power its Layer-1 blockchain.&nbsp;
The company <a href="https://www.benzinga.com/markets/cryptocurrency/23/08/33670337/microsoft-aptos-labs-to-create-ai-powered-web3-assistant-to-simplify-user-transition-from-">joined hands</a> with tech behemoth Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) in August 2023 to integrate artificial intelligence with blockchain,
Price Action: At the time of writing, APT was exchanging hands at $6.23, up 13.61% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the meme coin has dropped 38.97%.
Photo by Avi Rozen via Shutterstock
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Bitcoin, Ethereum Rise But A Spot ETF Filing Has Sent This L1 Token Flying 13%

Discord, the popular <a href="https://www.benzinga.com/general/gaming/23/05/32377507/discord-data-breach-exposes-millions-of-users-is-your-account-at-risk">social chat app</a> favored by gamers, is reportedly in early discussions with investment bankers about a potential initial public offering in 2025.
What Happened: The company, last valued at approximately $15 billion in 2021, has met with financial advisors in recent weeks to explore the possibility of going public, <a href="https://www.nytimes.com/2025/03/05/technology/discord-ipo.html">reported</a> the New York Times, citing two people familiar with the matter.
A spokesperson for Discord declined to confirm the reports, stating, "We understand there is a lot of interest around Discord's future plans, but we do not comment on rumors or speculation. Our focus remains on delivering the best possible experience for our users and building a strong, sustainable business."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Founded in 2015 by Jason Citron and Stanislav Vishnevskiy, Discord has grown into a platform with over <a href="https://www.benzinga.com/markets/penny-stocks/23/06/32713030/with-over-196-million-active-monthly-users-discord-has-made-its-mark-asset-entities-nasdaq-a">200 million monthly users</a>, offering free text, voice, and video communication.
The company generates revenue through a "freemium" model, selling subscriptions for premium features rather than relying on advertising.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple's iPad Turns 15 Today: Here's A Throwback To When Steve Jobs Explained Called It The ‘Third Category' After Phones And Notebooks</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Discord Reportedly Exploring IPO In 2025, Met Financial Advisors Recently To Explore Going Public

Lesser-known Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) offshoots rose sharply Wednesday, outgaining the apex cryptocurrency.
What happened: Bitcoin Cash rallied over 13%, becoming the market&#8217;s second-largest gainer in the last 24 hours.&nbsp;
The coin&#8217;s trading volume more than doubled to $1.07 billion in 24 hours, as strong buying pressure sent it beyond $400 for the first time in over a month.
Similarly, Bitcoin SV lifted 6.88% to a market capitalization of $738 million, reaching its highest level in a week.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:50 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>)</td>
<td>+13.59%</td>
<td>$395.40</td>
</tr>
<tr>
<td>Bitcoin SV (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BSV</a>)</td>
<td>+6.88%</td>
<td>$37.17</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
The returns from these cryptocurrencies outshone Bitcoin, which was up 4.75% in the last 24 hours.
Bitcoin Cash is a result of a hard fork of the original Bitcoin blockchain in 2017 due to differences in the community over proposed upgrades. A year later, Bitcoin Cash underwent its own fork, leading to the creation of Bitcoin SV.
The surge in the value of Bitcoin spinoffs indicated demand, seemingly from retail traders, for affordable alternatives to Bitcoin.
As of this writing, the apex cryptocurrency was priced at $91,608.96, making owning one full unit a pricey investment for individuals.
The sentiment was upbeat amid high hopes for a Bitcoin strategic reserve at the upcoming <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44143660/howard-lutnick-says-president-definitely-thinks-theres-a-bitcoin-strategic-reserve">White House crypto summit</a>.
Image via Shutterstock
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</ul>

$BCH

$BSV

Bitcoin Cash Surges Over 13%, Bitcoin SV Gains As Investors Eye Cheaper BTC Plays

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) Head of Defense and former Congressman Mike Gallagher is sounding alarms about China&#8217;s military intentions, warning that the U.S. is failing to adequately prepare for potential conflict.
What Happened: &#8220;I&#8217;d say my entire eight years in Congress could be summarized as China is preparing for war with America, and we&#8217;re not taking it seriously,&#8221; Gallagher stated at the National Security Innovation Base Summit 2025 on Wednesday, emphasizing that Chinese President Xi Jinping&#8216;s economic challenges might actually be evidence of preparations for conflict.
&#8220;Xi Jinping&#8217;s economy su&#x2A;ks because he is trying to sanction-proof his economy and prepare it for the pain that will ensue if he goes to war with America,&#8221; Gallagher said. 
Gallagher dismissed counterarguments that economic consequences would deter Chinese aggression: &#8220;In a Marxist-Leninist system, they are much less sensitive to casualties and pain than in a republic such as ours.&#8221; He urged the U.S. to &#8220;rearm as rapidly as possible&#8221; and shift military resources to the Pacific.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: The warnings come amid <a href="https://www.benzinga.com/25/02/43487682/palantir-ceo-hails-elon-musks-doge-initiative-anticipates-positive-outcome">Palantir&#8217;s deepening integration</a> with President Donald Trump&#8216;s administration. CEO Alex Karp has expressed strong support for Elon Musk&#8216;s Department of Government Efficiency (DOGE), calling it a &#8220;revolution&#8221; that will benefit Palantir. 
Palantir has seen its <a href="https://www.benzinga.com/25/02/43487682/palantir-ceo-hails-elon-musks-doge-initiative-anticipates-positive-outcome">government contracts surge</a>, with U.S. government revenue up 45% year-over-year to $343 million in the fourth quarter. The company recently announced AI deployments at Societe Generale to combat financial crime and formed a joint venture with TWG Global for AI solutions across financial sectors.
Palantir&#8217;s <a href="https://www.benzinga.com/markets/equities/24/12/42356725/alex-karp-supports-doge-as-trump-taps-palantirs-shyam-shankar-for-border-security-role-cannot-have-a-better-person-than-musk">influence continues to grow</a>. Wedbush Securities analyst Dan Ives suggested buying PLTR now could be comparable to purchasing Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock in 2015, calling it part of &#8220;the biggest tech trend in the last 40 to 50 years.&#8221;
Price Action: Palantir Technologies Inc. closed at $90.13 on Wednesday, up 6.79%. After hours, it rose to $90.50, up 0.41%. Year to date, it&#8217;s up 19.87%, and over the past year, it has surged 278.54%, according to&nbsp;<a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</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="National Security Innovation Base Summit 2025" width="500" height="281" src="https://www.youtube.com/embed/5IQTf8BoxA4?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>
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He&#8217;d Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment&#8217;</a></li>
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

PLTR

TSLA

Palantir's Head Of Defense Warns Of China's War Preparations: 'We're Not Taking It Seriously'

Well-known economist Peter Schiff said on Wednesday that the government&#8217;s decision to create a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategic reserve would end up damaging the U.S. dollar while benefiting gold.
What happened: Schiff took to X to express his dissatisfaction with President Donald Trump&#8217;s recently announced strategic cryptocurrency reserve, which will have a special status for Bitcoin.
Schiff argued that if Bitcoin is viewed as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42535718/raoul-pal-predicts-violent-upside-for-bitcoin-targets-250000">hedge against fiat currency debasement</a>, the Bitcoin strategic reserve will only &#8220;accelerate&#8221; the dollar&#8217;s downfall.
The staunch Bitcoin critic said the &#8220;foolish&#8221; move could benefit Bitcoin in the short run, but the &#8220;ultimate winner&#8221; will be gold, arguably considered the best hedge against currencies&#8217; depreciation value.
<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">If Bitcoin&#39;s success is predicated on the dollar&#39;s failure, if the U.S. is foolish enough to actually create a Bitcoin strategic reserve, this development will accelerate the dollar&#39;s demise, potentially benefiting Bitcoin in the short run. But the ultimate winner will be gold.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1897428815137153078?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
Critics shot back, with a widely followed X user, going by the pseudonym Teddy Bitcoins, argued that Bitcoin, like gold, possessed a &#8220;massive&#8221; monetary premium, and both stand to gain if the dollar falls.
&#8220;This doesn't mean [Bitcoin&#8217;s] success will cause the demise of the dollar,&#8221; the user said.
<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 thing is Peter, bitcoin like gold(due to its massive monetary premium) both get success as a consequence of the failure of the dollar. This doesn't mean bitcoins success will cause the demise of the dollar.
&mdash; Teddy Bitcoins (@TeddyBitcoins) <a href="https://twitter.com/TeddyBitcoins/status/1897431705595613420?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Schiff has been severely dismissive of the idea of a Bitcoin reserve. In November 2024, he <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44069015/bitcoin-is-digital-gold-but-whats-the-rationale-for-an-xrp-reserve-asks-peter-schiff-cardano-founder-charles-hoskinson-says-trump-made-the-right-decision">warned that the government would have to print more dollars</a> to buy additional Bitcoin, which could spiral into hyperinflation and severely devalue the dollar.
However, &nbsp;Sen.&nbsp;Cynthia Lummis&nbsp;(R-Wy.), who introduced a Bitcoin reserve legislation last year, has maintained that the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121376/strategic-bitcoin-reserve-wouldnt-require-new-taxpayer-dollars-says-sen-cynthia-lummis">proposal wouldn&#8217;t require</a> new taxpayer dollars. Instead, the government could leverage its existing resources, particularly gold certificates held at the Federal Reserve&#8217;s 12 banks.
Price Action: At the time of writing, Bitcoin was exchanging hands at $91,542.13, up 4.43% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Spot gold traded at $2,923.44 per ounce as of this writing, after registering an all-time high of $2,956 last month.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/government/regulations/25/03/44133774/trump-to-remove-canada-tariffs-polymarket-bettors-say-52-chance-of-this-happening-before-this-time">Trump To Remove Canada Tariffs? Polymarket Bettors Say 52% Chance Of This Happening Before This Time</a></li>
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$ADA

$SOL

Peter Schiff Predicts A Bitcoin Strategic Reserve Will 'Accelerate' Dollar's Demise: 'Ultimate Winner Will Be Gold'

On Wednesday, the U.K.'s Competition and Markets Authority ruled that Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) $13 billion investment in OpenAI does not warrant a <a href="https://www.benzinga.com/news/23/12/36151493/after-securing-a-board-seat-microsofts-openai-partnership-comes-under-the-uk-antitrust-authoritys-sc">formal merger investigation</a>.
What Happened: The CMA announced that Microsoft's investment in OpenAI does not constitute a merger, as there was no "change of control" giving Microsoft "de facto control" over the AI startup, <a href="https://www.ft.com/content/8f7fcaaf-2ae0-4c2f-a016-6f51d2f83cba">reported</a> the Financial Times.
This decision follows months of scrutiny into whether Microsoft's stake in OpenAI could stifle competition in the AI market.
See Also: <a href="https://in.benzinga.com/25/03/44087329/microsoft-unveils-ai-powered-dragon-copilot-to-ease-clinician-workloads">Microsoft Unveils AI-Powered Dragon Copilot To Ease Clinician Workloads</a>
The regulator pointed to "recent developments" that have reduced OpenAI's dependence on Microsoft, including its <a href="https://in.benzinga.com/news/25/01/43400191/openais-100-billion-texas-stargate-data-center-will-reportedly-employ-just-57-people-with-57600-annual-salaries">newly formed $100 billion</a> AI infrastructure partnership with SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>).
The CMA's executive director for mergers, Joel Bamford, cautioned that this decision "should not be read as the partnership being given a clean bill of health on potential competition concerns."
Why It Matters: The decision marks a win for Microsoft, allowing it to continue its lucrative partnership with OpenAI without immediate regulatory hurdles.
Meanwhile, it has also been reported that SoftBank is currently in discussions to spearhead a new funding round for OpenAI, aiming to raise $40 billion.
This investment could push the ChatGPT creator's <a href="https://www.benzinga.com/media/25/01/43374528/softbank-may-lead-openais-40-billion-funding-round-at-a-300-billion-valuation-despite-deepseek-disruption-report">valuation to $300 billion</a>, marking a record-breaking funding round for a private company.
Price Action: Microsoft&#8217;s stock closed Wednesday at $401.02, rising 3.19%. However, it dipped 0.25% in after-hours trading. Year-to-date, the stock is down 4.20%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Photo Courtesy: Shutterstock.com
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<li><a href="https://www.benzinga.com/news/legal/25/03/44157128/intel-beats-investor-lawsuit-after-32-billion-stock-plunge-judge-rules-foundry-losses-werent-misleading">Intel Beats Investor Lawsuit After $32 Billion Stock Plunge—Judge Rules Foundry Losses Weren&#8217;t Misleading</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

SFTBF

SFTBY

Microsoft Dodges UK Competition Crackdown Over OpenAI Deal, Watchdog Director Says Partnership Doesn't Get 'A Clean Bill Of Health'

Leading cryptocurrencies rallied on Wednesday on news that Bitcoin would be granted special status in the national strategic cryptocurrency reserve.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+4.01%</td>
<td>$90,164.31</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.79%</td>
<td>$2,245.90</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.42%</td>
<td>$0.2029</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The apex cryptocurrency surpassed $90,000, recouping gains lost due to the ongoing tariff announcements by President Donald Trump.
The momentum trickled to the rest of the market as Ethereum sailed past $2,500, hitting an intraday high of $2,272.80.
The improvement in sentiment came after Commerce Secretary Howard Lutnick indicated <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44143660/howard-lutnick-says-president-definitely-thinks-theres-a-bitcoin-strategic-reserve">major policy announcements</a> during Friday&#8217;s White House crypto summit. He confirmed that Bitcoin may receive special status in the national cryptocurrency reserve, but other tokens will be treated differently but positively.
The rally liquidated short positions worth $145 million from the cryptocurrency market in the last 24 hours.
Bitcoin's Open Interest popped 5.34%. A surge in spot price, coinciding with a jump in OI, indicated an influx of fresh money into the market.
More than 55% of traders on Binance were positioned long as of this writing, according to the Long/Short Ratio, implying a bullish sentiment.
In contrast, the Crypto Fear and Greed Index remained in the "Extreme Fear" zone.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Ondo (ONDO)</td>
<td>+19.90%</td>
<td>$1.15</td>
</tr>
<tr>
<td>Bitcoin Cash (BCH)</td>
<td>+18.82%</td>
<td>$387.05</td>
</tr>
<tr>
<td>Aptos (APT)</td>
<td>+13.63%</td>
<td>$6.20</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.96 trillion, following an increase of 3.30% in the last 24 hours.
Stocks recovered on Wednesday following two consecutive days of losses. The Dow Jones Industrial Average jumped 485.60 points, or 1.14%, to close at 43,006.59. The S&amp;P 500 gained 1.12%, ending at 5,842.63, while the tech-focused Nasdaq Composite added 1.46% to close the session at 18,552.73.
The recovery came after the <a href="https://www.benzinga.com/25/03/44149833/trump-delays-ford-gm-stellantis-from-from-tariffs-on-mexico-canada-for-one-month">Trump administration paused tariffs on automobile manufacturers' imports</a> by one month, sending stocks of big automakers higher.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst, Ali Martinez, stated that if Bitcoin reclaims $97,000, there is a strong chance of it moving toward $150,000, according to the Pi Cycle Top indicator.
The Pi Cycle Top Indicator is a technical indicator used to identify potential tops in Bitcoin&#8217;s price cycles.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> reclaims $97,000, it could gain momentum for a move toward $150,000, according to the Pi Cycle Top indicator! <a href="https://t.co/yok308t4Jy">pic.twitter.com/yok308t4Jy</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1897440993752100984?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Popular on-chain analytics firm Santiment noted a sharp drop in Ethereum sentiment owing to its underperformance relative to other large-cap cryptocurrencies.&nbsp;
"For those patiently holding their ETH, the bearishness being projected across social media is a good sign of a potential turnaround once crypto markets stabilize," the analytics firm predicted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f43b; Ethereum sentiment has declined to year-low levels as the asset has underperformed relative to other top caps. For those patiently holding their <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, the bearishness being projected across social media is a good sign of a potential turnaround once crypto markets stabilize. <a href="https://t.co/iRaKTvb0Tu">pic.twitter.com/iRaKTvb0Tu</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1897453613162594338?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by CMP_NZ on Shutterstock
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<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/03/44151496/trumps-crypto-push-ibit-vs-etha-which-etf-stands-to-gain-more">Trump&#8217;s Crypto Push: IBIT Vs. ETHA – Which ETF Stands To Gain More?</a></li>
</ul>

$DOGE

Bitcoin, Ethereum, Dogecoin Spike Amid High Hopes From White House Crypto Summit: This Analyst Has Some Good News For Those 'Patiently Holding' Their ETH

The Trump administration enacted new steel and aluminum tariffs in mid-February, and businesses (and investors) could begin to feel the effects soon. The new tariff calls for a 25% tax on imported steel and aluminum products with no exemptions, which is another shot across the bow at Canada and Mexico, the #1 and #3 steel exporters to the US.
With the new tariffs, American-based steel and aluminum tariffs now have a competitive advantage over their competitors abroad.
Here are the five stocks that will benefit the most from this new dynamic.
Steel prices have been flat in the US since the announcement, and stable commodity prices could provide a headwind to domestic steel producers.
While tariff costs are eventually passed to consumers in one fashion or another, companies that manufacture steel and aluminum in the United States have a distinct advantage over their import-heavy counterparts. If importers face a 25% tariff, they'll be forced to raise prices to carry the added cost.
If a domestic steel manufacturer knows its competition will be forced to raise prices 25%, it won't sit idle &#8211; it'll also increase prices. And since the domestic producer isn't incurring any added costs, more revenue will be retained as profit, expanding margins and making the stock more attractive to investors.
Today, we'll look at five stocks with strong fundamentals that could gain from tariffs on imported steel. Each company possesses at least two of the following traits: sound valuation, above-average margins, and sufficient cash flow to manage increased capacity.
<h2 class="wp-block-heading">Reliance Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>)</h2>
Reliance may not have hired a new CEO yet, but that's no reason to keep the company off a list of potential steel tariff beneficiaries. Formerly known as Reliance Steel and Aluminum Co., the firm has been manufacturing and distributing important metals since 1939. According to its website, Reliance Inc. sells more than 100,000 products, ranging from stainless, carbon, and specialty steel to titanium, brass, and copper
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="418" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212335/Rel-1024x418.png" alt="" class="wp-image-811283" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212335/Rel-1024x418.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212335/Rel-300x122.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212335/Rel-768x313.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212335/Rel.png 1309w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Reliance is well-positioned to increase production thanks to its hefty free cash pile, which sits at just under $1 billion as of this writing. Despite having a smaller market cap than competitors like Nucor and Steel Dynamics, Reliance has a better cash flow situation with a comparable profit margin (6.33%).
And while the stock might be pricier than its peers at 14 times forward earnings, the company does have the capacity to hire more workers and expand production, especially if demand for domestic steel surges. Benzinga Edge scores the stock similarly, giving it a 67.74 score for Value and 67.61 for Quality.
<h2 class="wp-block-heading">Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>)</h2>
Nucor is the largest domestic steel manufacturer in the United States, with a market cap of more than $29 billion and nearly 33,000 full-time employees. It manufactures and sells steel products through three divisions: Steel Mills, Steel Products, and Raw Materials. With its vast product range and expansive customer base across North America, Nucor is ready to take advantage of tariffed competitors. In fact, the company has already raised prices on hot-rolled coil steel six times since Inauguration Day for a cumulative bump of 28%.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="418" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212347/NUC-1024x418.png" alt="" class="wp-image-811284" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212347/NUC-1024x418.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212347/NUC-300x122.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212347/NUC-768x313.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212347/NUC.png 1309w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Nucor's stock may also be coiled for a move higher. After being cut nearly in half between April and December 2024, the stock bounced higher to start 2025, jumping from $112 to $142 before retreating back under $130 in the first week of March. This pullback could be an opportunity for investors; NUE shares score highly on Benzinga Edge's Value (77.56) and Quality (70.56) scores, and the stock trades at just 12 times forward earnings. The company is also sitting on an $800 million cash pile, which never hurts in the eyes of investors.  
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<h2 class="wp-block-heading">Olympic Steel Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZEUS#NYSE">ZEUS</a>)</h2>
Despite owning one of the best stock tickers on US exchanges, Olympic Steel is the smallest company listed here, with a market cap of just $348 million and less than $2 billion in annual revenue. The stock has also declined more than 50% since peaking at over $73 in April 2024. ZEUS needs a catalyst to wake up, and tariffs on imported steel might be just the thing to do it.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="418" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212354/OLY-1024x418.png" alt="" class="wp-image-811286" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212354/OLY-1024x418.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212354/OLY-300x122.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212354/OLY-768x313.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212354/OLY.png 1309w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Olympic Steel rates highly in Benzinga Edge's Value score (88.07), but its Momentum score (14.43) is approaching the dumpster. Trends can change quickly, however, and ZEUS shares are close to falling into oversold territory on the Relative Strength Index (RSI). Other appealing valuation metrics to consider: a price-to-earnings ratio of just 10.5, a price-to-sales rate of 0.18, and EPS growth of more than 42% over the last five years.
<h2 class="wp-block-heading">United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>)</h2>
US Steel Corp has made plenty of headlines lately for its off-again, on-again merger with Japan's Nippon Steel. But for now, the company remains its own entity, and shares have surged higher to start 2025 (although with some choppy waters along the way).
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="418" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212405/UST-1024x418.png" alt="" class="wp-image-811287" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212405/UST-1024x418.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212405/UST-300x122.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212405/UST-768x313.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212405/UST.png 1309w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
US Steel was once the industry&#8217;s beacon, with a history dating back more than 100 years. An NFL team was even named after it! However, the company has suffered through multi-year profit declines and faces fading relevance in the domestic steel industry. Is a turnaround possible? X shares get the best Benzinga Edge Growth score of our picks at 72.02, plus a 74.76 in Value. The stock is up 21% year-to-date and trades at just 11 times earnings. While the fundamentals haven't fully materialized yet, the technical trend is pointing upward.
<h2 class="wp-block-heading">Steel Dynamics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>)</h2>
Steel Dynamics is another massive domestic manufacturer with a $19 billion market cap and 13,000 full-time employees. In 2024, the company earned $17.5 billion in revenue and trades at 16 times forward earnings.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="418" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212413/STE-1024x418.png" alt="" class="wp-image-811288" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212413/STE-1024x418.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212413/STE-300x122.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212413/STE-768x313.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/05212413/STE.png 1309w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The stock might be expensive in terms of valuation compared to other companies on this list, but STLD has several advantages. Its 8.8% profit margin is the highest among domestic steel producers, and its return on equity (ROE) is 17%, a considerable figure for a steel manufacturer. In February, the company also announced favorable news for investors with a 9% cash dividend increase and a $1.5 billion share repurchase agreement. The stock also has the highest Benzinga Edge Momentum score amongst US steel companies at 61.56, with a 77.81 score for Value and 66.68 for Quality. Steel Dynamics is a well-rounded stock, although its lack of free cash flow could pose problems for future capacity constraints.
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Opinion

STLD

ZEUS

5 Stocks to Buy on Trump's New Steel Tariffs

In 2019, Mark Cuban answered business-related questions in a video, including one about <a href="https://www.benzinga.com/news/24/09/40826919/wall-street-banks-enforce-80-hour-weekly-limit-for-junior-bankers-as-jpmorgan-and-bank-of-america-ad">work-life balance</a> as an entrepreneur.
What Happened: Touching on how he manages his daily life, Cuban, in a video for Wired, shared how he manages work-life balance after becoming wealthy.
 &#8220;It&#8217;s easy, I&#8217;m rich. I do whatever I want. If I wanna play with my kids, I play with my kids. If I travel, I jump on my plane.&#8221;
The billionaire, who once <a href="https://www.benzinga.com/personal-finance/24/10/41403246/mark-cuban-was-so-broke-he-didnt-even-have-200-needed-to-open-a-bank-account-and-now-hes-worth-b">slept on the floor</a> of a shared apartment and went seven years without a vacation, went on to say that balance looks different depending on where you are in life.
See Also: <a href="https://www.benzinga.com/general/24/04/38186755/jeff-bezos-says-people-have-very-high-standards-for-their-work-life-balance-if-you-enjoy-half-of-it">Jeff Bezos Says, &#8216;People Have Very High Standards&#8217; For Their Work-Life Balance — If You &#8216;Enjoy Half of It, That&#8217;s a Home-Run&#8217;</a>
Early on, he worked multiple jobs, bartending at night while building his business during the day. That relentless grind led him to success, first selling MicroSolutions for $6 million in 1990, then co-founding Broadcast.com, which Yahoo acquired for $5.7 billion in 1999.
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Today, Cuban is worth nearly $8 billion, <a href="https://www.bloomberg.com/billionaires/">according</a> to the Bloomberg Billionaires Index.
But Cuban's take on work-life balance isn't the only one out there. Here's what five other influential figures had to say about it—statements that have sparked both agreement and controversy.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Elon Musk: The Tesla and SpaceX CEO has long advocated for extreme work hours, saying that those who want to achieve greatness should expect to <a href="https://www.benzinga.com/startups/24/10/41428758/its-simple-math-musk-said-if-you-work-100-hours-a-week-and-others-work-50-youll-accomplish-twice-as">put in 80 to 100 hours</a> per week. In 2018, he tweeted, &#8220;There are way easier places to work, but nobody ever changed the world on 40 hours a week.&#8221;
Jeff Bezos: The Amazon founder has rejected the idea of balancing work and personal life as a trade-off. Instead, he <a href="https://www.benzinga.com/general/24/06/39383085/for-jeff-bezos-work-life-balance-is-debilitating-but-also-doesnt-want-to-be-the-guy-who-drains-all-t">preached work-life harmony</a>, where the two aspects should fuel each other. Critics argue that this mindset can pressure employees into being always on, making it harder to disconnect.
Jack Ma: The co-founder of Alibaba, faced backlash after endorsing China's grueling 996 work culture—9 a.m. to 9 p.m., six days a week. &#8220;Being able to work 996 is a huge blessing,&#8221; Ma once said, sparking outrage over labor exploitation concerns.
Jamie Dimon: JPMorgan Chase CEO made waves with his stance that maintaining a work-life balance is a personal responsibility, not the company's. He stated, &#8220;It is your job to take care of your mind, your body, your spirit, your soul, your friends, your family, your health, your job. It&#8217;s not our job.&#8221; Supporters found his message empowering, while critics argued that companies also have to prevent employee burnout.
Tim Cook: Apple CEO once debunked the romanticized idea that passion eliminates the concept of work. &#8220;There is a saying that if you do what you love, you will never work a day in your life. At Apple, I learned that is a total crock,&#8221; Cook said in a 2019 commencement speech. Instead, he believes that when you love what you do, you work harder than ever—but it feels meaningful.
Image via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Mark Cuban Once Shared A Powerful Yet Humbling Take On Work-Life Balance — Here Are 5 More Eye-Opening Statements From Jeff Bezos, Jamie Dimon And Elon Musk That Will Make You Rethink Your Life Priorities

In a decision made public on Tuesday, a U.S. federal judge has dismissed a shareholder lawsuit accusing Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) of misleading investors about its foundry business, which contributed to a $32 billion market value wipeout after the company reported heavy losses.
What Happened: Investors alleged that Intel concealed a $7 billion operating loss tied to its chip manufacturing unit, Intel Foundry Services, in the fiscal year 2023. The company only disclosed the figure in April 2024 after restructuring its financial reporting, reported Reuters.
However, U.S. District Judge Trina Thompson ruled that shareholders had incorrectly linked the loss to the foundry business and that Intel had not misled investors.
She also found that statements made by then-CEO Patrick Gelsinger in March 2024—claiming Intel had &#8220;significant traction&#8221; and &#8220;growing demand for our foundry offering&#8221;—were not fraudulent because they referred to specific customers rather than overall revenue.
Investors may still file an amended complaint, leaving the door open for further legal action.&nbsp;
See Also: <a href="https://www.benzinga.com/25/03/44070969/former-intel-ceo-craig-barrett-warns-that-splitting-the-company-would-be-a-costly-mistake-a-far-better-move-might-be-to-fire-the-intel-board-and-rehire-pat-gelsinger">&#8216;Fire The Intel Board,&#8217; Says Former CEO Craig Barrett As He Pushes Back On Breakup Plans, Urges Focus On Chipmaking Wins</a>
Why It Matters: Intel has struggled to <a href="https://in.benzinga.com/tech/25/02/43680696/bill-gates-has-a-soft-spot-for-intel-but-says-the-chip-giant-has-lost-its-way-questions-whether-the-company-can-recover-after-ceo-exit-and-falling-behind-in-ai">compete with major chipmakers</a> like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), especially amid the artificial intelligence boom.&nbsp;
Last month, it was reported that Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and TSMC are exploring deals that could <a href="https://in.benzinga.com/markets/25/02/43761300/intel-could-be-split-in-two-as-broadcom-and-tsmc-explore-deals-trump-white-house-resists-foreign-ownership-report">result in the breakup</a> of Intel.
In January, the company announced its <a href="https://www.benzinga.com/insights/earnings/25/01/43353848/intel-earnings-analysis-q4-recap">fourth-quarter earnings</a>, showing a $1.15 billion drop in revenue compared to the previous year. Its market capitalization is currently $90.10 billion.
Intel is <a href="https://www.benzinga.com/25/02/43965130/intels-panther-lake-yield-under-30-says-top-analyst-mass-production-in-second-half-of-2025-challenging">currently relies</a> on its advanced 18A process node to regain profitability by 2026. This cutting-edge technology will be used in upcoming products like Panther Lake and Clearwater Forest.
Last week it was reported that Intel may not launch its chip fabrication plant in Ohio until 2030 or 2031. Financial struggles have forced the company to delay its $28 billion semiconductor project in central <a href="https://in.benzinga.com/media/25/02/44052935/intel-delays-28-billion-ohio-chip-plant-again-pushing-opening-to-2030-amid-financial-struggles">Ohio for a second time</a> in 2025.
Price Action: Intel's stock ended Wednesday at $20.81, down 2.44%. It slipped another 0.62% in after-hours trading. So far this year, the stock has risen 2.92%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Photo Courtesy: Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Legal

AVGO

INTC

NVDA

Intel Beats Investor Lawsuit After $32 Billion Stock Plunge—Judge Rules Foundry Losses Weren't Misleading

Wall Street closed higher on Wednesday as investors weighed mixed economic data and awaited former President Donald Trump&#8217;s decision on possible tariffs. The S&amp;P 500 rose 1.12% to 5,842.63, the Dow Jones Industrial Average gained 1.1% to 43,006.59, and the Nasdaq climbed nearly 1.5% to 18,552.73.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) surged 8.61% to close at $141.03, with an intraday range of $133.34 to $141.83 and a 52-week range of $68.36 to $145.30. The Chinese e-commerce giant&#8217;s stock rally was fueled by a <a href="https://www.benzinga.com/markets/asia/25/03/44140166/patriotism-boosts-chinese-stocks-but-are-gains-sustainable">wave of patriotic sentiment</a> in China, as investors celebrated the success of domestic films like &#8220;Ne Zha 2.&#8221; This cultural phenomenon has boosted Chinese stocks, with Alibaba benefiting from the renewed enthusiasm for homegrown companies. Earlier in the month, Chinese president Xi Jinping met Alibaba founder Jack Ma and other tech leaders at a rare <a href="https://www.benzinga.com/markets/asia/25/02/43761193/xi-jinping-and-jack-mas-upcoming-meeting-a-clear-message-of-beijings-support-stock-soars-in-hong-kong-ahead-of-earnings">high-level symposium</a>. This was seen as a turnaround by Beijing. 
Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) gained 2.05% to end at $90.14, trading between $85.18 and $90.74, with a 52-week range of $53.19 to $127.48. The stock crashed more than 14% to $76.75 in the after-hours trading. The semiconductor company <a href="https://www.benzinga.com/news/earnings/25/03/44152781/marvell-technology-stock-drops-after-q4-results-q1-guidance-roughly-in-line-details">reported fourth-quarter earnings</a> that slightly beat analyst estimates, with adjusted earnings per share of $0.60 and revenue of $1.81 billion. Marvell&#8217;s CEO Matt Murphy highlighted strong growth in the data center end market, which saw a 78% year-over-year increase in the fourth quarter.
Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) climbed 4.07% to $8.18, with a daily range of $7.61 to $8.24 and a 52-week span of $0.66 to $21.42. The quantum computing firm <a href="https://www.benzinga.com/news/earnings/25/03/44153467/rigetti-computing-q4-earnings-revenue-miss-quanta-computer-collaboration-highlights">announced a strategic partnership</a> with Quanta Computer, a Taiwan-based Fortune 500 company. Both companies plan to invest over $100 million each over the next five years, with Quanta also committing to a $35 million investment in Rigetti common shares. This collaboration aims to strengthen Rigetti&#8217;s position in the quantum computing market. The company also announced a fourth-quarter revenue of $2.3 million missing a Street consensus estimate of $2.5 million.
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) rose 2.19% to $191.58, fluctuating between $187.10 and $194.08, with a 52-week range of $119.76 to $251.87. Investors are eagerly anticipating Broadcom&#8217;s first-quarter earnings report, scheduled for release after market close on Thursday. Analysts expect the company to <a href="https://www.benzinga.com/25/03/44149533/broadcom-q1-earnings-preview-semiconductor-looks-to-get-back-to-beating-analyst-estimates-after-q4-miss">report revenue of $14.61 billion</a> and earnings per share of $1.49. The semiconductor giant recently unveiled VeloSky, a new networking solution aimed at enhancing 5G and satellite services, potentially diversifying its revenue streams.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rebounded 2.60% to close at $279.10, trading between $267.71 and $279.55, with a 52-week range of $138.80 to $488.54. The electric vehicle maker&#8217;s stock has been under pressure recently, with Barstool Sports founder Dave Portnoy questioning CEO Elon Musk&#8217;s <a href="https://www.benzinga.com/news/25/03/44140016/tesla-stock-is-tumbling-and-dave-portnoy-is-calling-out-elon-musk-how-far-does-tsla-stock-have-to-crash-before-elon-goes-back-to-work">focus on the company</a>. Tesla faced a significant drop in new car registrations in January while competitors gained ground. Some analysts suggest that Musk&#8217;s political involvement may be impacting consumer sentiment toward the brand.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://wordtohtml.net/Premarket%20Movers%20&amp;%20News%20&#x2A;&#x2A;">&#x2A;&#x2A;with top premarket movers and news</a> by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

MRVL

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Alibaba, Marvell Technology, Rigetti Computing, Broadcom, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Jim Cramer voiced support for CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) on Wednesday, challenging bearish analysts by purchasing shares for his Charitable Trust despite the cybersecurity firm&#8217;s recent stock decline.
What Happened: &#8220;We bought some Crowdstrike today for the Charitable Trust thinking the analysts who were so negative today had it wrong,&#8221; CNBC&#8217;s Cramer wrote on X, inviting viewers to watch his interview with CEO George Kurtz.
During the <a href="https://www.cnbc.com/2025/03/05/cramer-suggests-trump-is-upending-the-way-investors-evaluate-stocks.html">interview</a>, Kurtz painted a concerning picture of today&#8217;s cybersecurity landscape, noting that geopolitical tensions are driving increased threat activity. &#8220;Adversaries get more active, nation state adversaries get more active, and certainly in the confusion of that, you have the e-criminals that come out,&#8221; he told Cramer.
Kurtz revealed that hackers can now breach and navigate systems in just 51 seconds, a speed unprecedented in the company&#8217;s experience. He also described sophisticated schemes by North Korean hackers who apply for remote jobs at well-known companies, receive company laptops, and redirect them to &#8220;laptop farms&#8221; controlled by North Korean operatives.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We bought some Crowdstrike today for the Charitable Trust thinking the analysts who were so negative today had it wrong. Watch George Kurtz tonight on <a href="https://twitter.com/MadMoneyOnCNBC?ref_src=twsrc%5Etfw">@MadMoneyOnCNBC</a> to see if we are right!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1897407203767918880?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled' Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People's Lives'</a>
Why It Matters: The CrowdStrike CEO highlighted how agentic AI is creating demand for new cybersecurity solutions, comparing it to previous technology cycles that necessitated enhanced security measures. 
Despite beating analyst expectations with fourth-quarter revenue of $1.058 billion and adjusted earnings of $1.03 per share, CrowdStrike shares fell over 6% Wednesday following soft earnings guidance. The company expects first-quarter adjusted earnings of 64-66 cents per share, <a href="https://www.benzinga.com/news/earnings/25/03/44127302/crowdstrike-q4-earnings-revenue-beat-eps-beat-strong-momentum-shares-slide-on-soft-guidance">below analysts&#8217; 95-cent estimate</a>.
On the earnings call, Kurtz described the company as a &#8220;comeback story&#8221; following last year&#8217;s <a href="https://www.benzinga.com/news/earnings/25/03/44127302/crowdstrike-q4-earnings-revenue-beat-eps-beat-strong-momentum-shares-slide-on-soft-guidance">major global outage</a>, pointing to strong momentum in cloud security and identity protection businesses that now exceed $1.3 billion in combined annual recurring revenue
Price Action: CrowdStrike closed at $365.44 on Wednesday, down 6.34%. After hours, it rose 0.13% to $365.90. The stock is up 5.21% year to date and 22.81% over the past year, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

CRWD

Jim Cramer Doubles Down On CrowdStrike Despite Drop: 'Analysts Who Were So Negative…Had It Wrong'

Elon Musk has never been shy about his opinions, and Social Security is no exception. During a recent appearance on &#8220;The Joe Rogan Experience,&#8221; the billionaire CEO once again called the program &#8220;the biggest Ponzi scheme of all time.&#8221; But when pressed to explain, his reasoning wasn't exactly airtight.
<h2 class="wp-block-heading">Musk's Argument</h2>
Musk attempted to break it down, <a href="https://youtu.be/sSOxPJD-VNo?si=-tKe_BSaD_srsLdn&amp;t=3725">saying</a>, &#8220;People pay into Social Security, and the money goes out of Social Security immediately, but the obligation for Social Security is your entire retirement career, so you&#8217;re, you&#8217;re paying with your, you&#8217;re paying like like if you look at the future obligations of Social Security it far exceeds uh the tax revenue. Far,&#8221; Musk tried to explain to Rogan. He argued that the program is unsustainable because its future obligations—what it owes retirees over time—far exceed the revenue it brings in.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: Elon Musk called Social Security &quot;the biggest Ponzi scheme of all time&quot; in an interview with Joe Rogan. <a href="https://t.co/gCrDPLM15u">pic.twitter.com/gCrDPLM15u</a>
&mdash; More Perfect Union (@MorePerfectUS) <a href="https://twitter.com/MorePerfectUS/status/1895655463255248904?ref_src=twsrc%5Etfw">March 1, 2025</a></blockquote>
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He also pointed to the U.S. national debt, explaining that when future Social Security obligations are considered, &#8220;the actual national debt is like double what people think it is.&#8221; He linked this to demographic shifts, noting that people are living longer while birth rates decline, which means fewer workers are supporting more retirees.
But despite making some valid points about Social Security's long-term challenges, Musk's explanation lacked a direct connection to what defines a Ponzi scheme—a fraudulent investment system that requires a constant inflow of new money to pay existing participants. While Social Security does rely on current workers to fund retirees, it is a government program, <a href="https://www.benzinga.com/personal-finance/25/02/43564287/warren-buffett-was-once-asked-for-his-opinion-on-social-security-shall-we-call-it-the-government-sponsored-ponzi-scheme-for-retirees">not a scam</a> designed to deceive investors.
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This isn't the first time Musk has made this claim. Last April, he <a href="https://www.benzinga.com/news/24/04/38370806/elon-musk-calls-social-security-the-biggest-ponzi-scheme-ever-maybe-ai-and-robots-will-save-it">called Social Security</a> the &#8220;biggest Ponzi scheme ever&#8221; in a post on X. His comment sparked heated debates, with some agreeing that the system is flawed, while others criticized him for attacking a program that millions rely on for survival.
<h2 class="wp-block-heading">Heated Reactions and Political Fallout</h2>
As part of the Trump administration's Department of Government Efficiency, Musk has been pushing to investigate and reduce fraud in government programs like Social Security, Medicare, and Medicaid. He has claimed that billions of dollars are lost to fraudulent payments each year.
&#8220;At this point, I am 100% certain that the magnitude of the fraud in federal entitlements (Social Security, Medicare, Medicaid, Welfare, Disability, etc.) exceeds the combined sum of every private scam you&#8217;ve ever heard by FAR,&#8221; Musk <a href="https://x.com/elonmusk/status/1889198569518719122">posted on X</a>. He also claimed over $100 billion annually is paid to individuals without valid Social Security numbers, calling it &#8220;extremely suspicious.&#8221;
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
Musk's concerns about Social Security's future aren't unfounded. The program is running low on money, and experts say that by 2033, it might <a href="https://www.benzinga.com/news/24/04/38370806/elon-musk-calls-social-security-the-biggest-ponzi-scheme-ever-maybe-ai-and-robots-will-save-it">only be able to pay 77%</a> of what people are supposed to get. BlackRock CEO Larry Fink <a href="https://www.benzinga.com/personal-finance/25/02/43856927/billionaire-blackrock-ceo-larry-fink-says-people-are-saving-too-much-and-not-investing-enough-to-retire-with-dignity">has warned</a> that people are living longer but not saving enough for retirement, which could cause big problems.
Even so, <a href="https://www.benzinga.com/personal-finance/25/02/43580701/85-of-americans-willing-to-raise-taxes-to-save-social-security-survey-shows">Social Security is still very popular</a>, and many believe it can be fixed without huge changes. A 2023 Gallup poll showed that 50% of Americans who haven't retired yet still <a href="https://www.benzinga.com/personal-finance/24/03/37919337/half-of-americans-now-optimistic-about-social-securitys-future-data-shows">expect to get benefits</a>, which is a little more hopeful than in past years.
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Elon Musk Once Again Calls Social Security 'The Biggest Ponzi Scheme Of All Time,' Struggles To Explain To Joe Rogan Why

President Donald Trump&#8217;s administration faced a setback on Wednesday as staffers from the Department of Government Efficiency were denied entry to the U.S. African Development Foundation headquarters in Washington, D.C., escalating tensions over the agency&#8217;s leadership.
What Happened:&nbsp;DOGE workers attempted to enter the ADF office but were &#8220;unable to access&#8221; the premises,&nbsp;<a href="https://thehill.com/homenews/administration/5178995-trump-african-development-doge/">The Hill reports</a>. The incident is part of a larger conflict stemming from Trump&#8217;s recent executive order aimed at eliminating certain functions of independent agencies, including the ADF.
ADF President Ward Brehm addressed the situation in a letter, seen by The Hill, stating that he &#8220;specifically instructed the staff of USADF to adhere to our rules and procedure of not allowing any meetings of this type without my presence.&#8221;
The Trump administration is reportedly seeking to install Peter Marocco, the deputy acting head of USAID, as the leader of the independent agency. Marocco, who has overseen Trump&#8217;s efforts to reduce USAID&#8217;s scope, was reportedly present with the DOGE team during the attempted entry.
The ADF, established in 1980, plays a crucial role in supporting small enterprises and grassroots groups serving marginalized communities across Africa. Between 2019 and 2023, the agency awarded over $141 million in grants, impacting 6.2 million people on the continent.
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Why It Matters:&nbsp;This confrontation highlights the growing tension between the Trump administration&#8217;s efforts to streamline government agencies and the legal protections surrounding independent organizations like the ADF.
Trump&#8217;s executive order from February 19 called for the elimination of &#8220;non-statutory components and functions&#8221; of several agencies, including the ADF. This move has sparked bipartisan concern, with Democrats arguing that the president lacks the authority to dismantle congressionally authorized agencies.
The situation has raised concerns about the future of U.S. <a href="https://www.benzinga.com/news/25/03/44143475/trumps-u-s-doge-service-claims-65b-in-savings-experts-call-it-smoke-and-mirrors-amid-resignations">foreign aid and development assistance</a>. Trump&#8217;s efforts to streamline government agencies have been met with skepticism from experts who question the feasibility and effectiveness of such drastic changes.
Elon Musk-associated DOGE claims it has saved the U.S. taxpayer $65 billion, but real savings amount to a significantly smaller $2 billion figure, according to the prior report. 
Bill Gates previously had <a href="https://www.benzinga.com/tech/25/02/43781034/bill-gates-hopes-elon-musk-will-rethink-slashing-usaid-their-work-is-something-every-taxpayer-would-be-proud-of">expressed hope</a> that Musk would reconsider cutting USAID programs, praising their global impact of the now gutted agency. He highlighted the agency's vital role in famine relief and HIV medication distribution, calling its work something taxpayers should be proud of.
Photo Courtesy: Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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General

Elon Musk's DOGE Team Has Door Slammed On It At Africa Aid Agency Amid Raging Turf War

If there's one thing both sides of Congress can agree on, it's that America's most decorated military heroes deserve better <a href="https://www.benzinga.com/personal-finance/25/02/44057450/scott-galloway-urges-means-testing-for-social-security-i-make-16m-a-year-i-shouldnt-get-a-check">financial</a> support.&nbsp;
In a rare moment of bipartisan unity, the U.S. House of Representatives just gave a unanimous thumbs-up to the <a href="https://www.congress.gov/bill/119th-congress/house-bill/695">Medal of Honor Act</a>—a major boost for living recipients of the nation's highest military decoration.<a href="https://www.reuters.com/article/us-usa-veterans-medalofhonor/us-house-passes-bill-to-boost-medal-of-honor-pensions-idUSKBN2BS0SX"> </a>According to <a href="https://www.military.com/daily-news/2024/09/16/medal-of-honor-recipients-could-get-100000-annual-pensions-under-bill-proposed-congress.html">Millitary.com</a>, this marks the biggest upgrade to Medal of Honor benefits in over a century.
<h2 class="wp-block-heading">A Pay Raise That's Been a Long Time Coming</h2>
Right now, Medal of Honor recipients get a pension of $1,406.73 per month, or about $16,880 per year—not exactly a life-changing amount. That's about to change.
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The new bill bumps the pension to $8,333.33 per month, or $100,000 per year, and adds an annual cost-of-living adjustment to keep up with inflation. This change updates Title 38 of the U.S. Code, which governs veterans' benefits.
The good news? This increase is on top of any other veteran benefits recipients already receive—nothing gets reduced. The bill passed the House with a jaw-dropping <a href="https://www.govtrack.us/congress/votes/119-2025/h51">424-0 vote</a>, proving just how much lawmakers support this move.&nbsp;
Rep. Troy Nehls (R-TX), one of the bill's main backers <a href="https://nehls.house.gov/media/press-releases/reps-troy-e-nehls-chris-pappas-and-senator-ted-cruz-reintroduce-legislation">said</a>, "Medal of Honor recipients are brave heroes whose selflessness and valor should inspire every American," Rep. Chris Pappas (D-NH) echoed that sentiment, saying, "We must honor our service members that have earned this award by ensuring they are financially secure after their military service is over."<a href="https://thehill.com/homenews/house/558200-house-passes-bill-to-boost-medal-of-honor-pensions">&nbsp;</a>
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This bipartisan agreement speaks volumes about the bill's importance. Now, the bill heads to the Senate, where it's expected to pass without much trouble. Sen. Ted Cruz (R-TX) has <a href="https://www.commerce.senate.gov/2024/12/multiple-cruz-led-bipartisan-bills-included-in-end-of-congress-legislation">already introduced</a> a companion bill to keep things moving.<a href="https://www.senate.gov/legislative/search_results.htm?search=Medal+of+Honor+Act"> </a>The Senate's strong bipartisan backing makes passage almost certain.
Right now, there are only 61 living Medal of Honor recipients, with their bravery spanning conflicts from Vietnam to the War on Terror. Since its creation in 1863, the Medal of Honor has been awarded more than <a href="https://www.army.mil/medalofhonor/statistics.html">3,500 times</a>, often posthumously. According to the <a href="https://www.cmohs.org/recipients/lists/living-recipients">Congressional Medal of Honor Society</a>, these individuals represent the highest level of valor and sacrifice. The growing <a href="https://www.benzinga.com/markets/25/02/43575286/retiree-earning-60k-dividends-on-500-000-investment-shares-top-3-stock-picks-not-rich-but-not-compla">pension</a> reflects a broader national recognition of the true costs of military service.
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