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GDS HOLDINGS LTD - ADR

GDS Holdings

GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia via the now 38% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.

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Descubre qué acciones destacan en el premercado de EE. UU., desde subidas explosivas como Box hasta caídas por anuncios clave.

Las acciones de Box se disparan un 12%; Aquí están 20 acciones que se mueven en el premercado

GDS Holdings Limited - American Depositary Shares

GDS Holdings Ltd

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Goldenstone Acquisition Ltd Units (1 Ord , 1 War & 1 Rts)

Goldenstone Acquisition Ltd Warrants (15/07/2026)

In a wide-ranging conversation with David Friedberg, billionaire investor Ray Dalio compared today's AI investment <a href="https://www.benzinga.com/markets/equities/25/01/42995814/billionaire-investor-who-predicted-the-dot-com-crash-25-years-ago-warns-of-another-market-storm-brewing-in-the-us">frenzy to the dot-com bubble</a>, warning that overhyped assets, rising interest rates and global tech tensions could spell trouble for unprepared investors.
What Happened: Speaking with Friedberg on the All-In podcast earlier this year, Dalio underscored the risks of blindly investing in hot sectors like artificial intelligence without regard to valuation or macroeconomic conditions.
"This looks quite a lot like 1998 or '99," Dalio said, referencing the peak of the dot-com era. "A great company that gets expensive is much worse than a bad company that's really cheap."
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45512063/ray-dalio-warns-against-decreasing-value-of-us-dollar-amid-mounting-government-debt-risks-are-greater-than-the-rating-agencies-are-conveying">Ray Dalio Warns Against Decreasing Value Of US Dollar Amid Mounting Government Debt: &#8216;Risks Are Greater Than The Rating Agencies Are Conveying&#8217;</a>
While both Friedberg and Dalio agreed that investing in productivity, such as AI, robotics and manufacturing, makes long-term sense, Dalio warned that prices and global competition cannot be ignored.&nbsp;
"The AI war… It's a war that no country can lose because it's more important than profits," he said, highlighting the strategic <a href="https://www.benzinga.com/tech/25/04/44892275/eric-schmidt-warns-china-is-going-to-win-ai-race-unless-washington-fights-with-funding-and-instills-american-values-at-the-core">urgency in the U.S.–China tech race</a>.
Dalio also raised concerns about market concentration and herd behavior. "The world is so leverage long," he said, referring to investors piling into similar bets with borrowed money. "You have to pay attention to correlation."
He stressed the importance of uncorrelated assets and geographic diversification. "That's why when I look at something like gold, it's interesting… it reduces the risk of the portfolio," he added.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
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Why It's Important: Dalio's remarks come as AI stocks dominate market headlines and portfolios. Names like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and others have seen soaring valuations, driven by enthusiasm around generative AI.
But as monetary policy tightens and geopolitical tensions rise, Dalio cautions investors not to confuse a great narrative with a safe investment. His advice? Don't just chase the winners—watch the price, manage risk and diversify broadly.
"Everybody says it's going to be great," Dalio said. "But the price has to be paid attention to."
In an environment where excitement can outpace fundamentals, Dalio's message is clear: the future may be AI-powered, but smart investing still depends on discipline.
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.
Photo courtesy: Shutterstock

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Ray Dalio Says Investors Are Chasing AI Hype Like It's 1999 And It Could End Just As Badly: Here's What He Recommends

This past week, truncated by the Memorial Day, Wall Street saw a rollercoaster of action, as markets responded to geopolitical tensions, earnings from corporations, and economic data. In spite of the volatility, some ETFs were able to perform better, presenting investors with pockets of opportunity.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/05/45679047/nvda-tsla-turbocharge-qqq-surge-toward-best-month-since-2023">NVDA, TSLA Turbocharge QQQ Surge Toward Best Month Since 2023</a>
5 ETFs That Did Well This Week
Direxion Daily Uranium Industry Bull 2X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URAA#NYSE">URAA</a>): up 7.15%
Uranium prices have been glowing, and URAA captured that momentum with its 2x leverage on uranium-related stocks. As the world leans back into nuclear energy for cleaner alternatives, backed by President Donald Trump&#8217;s nuclear energy push, this ETF has surged on optimism around demand and geopolitical supply concerns.
Direxion Daily MSCI South Korea Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORU#NYSE">KORU</a>): up 10%
KORU led the charge with its 3x exposure to South Korean stocks, supported by a tech bounce and investor optimism in the region&#8217;s chipmaking capabilities. AI and semiconductor export sentiment remained positive and provided KORU with its weekly boost.
VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>): up 4%
NLR also surfed the nuclear energy wave, providing more diversified and lower-volatility exposure than URAA. The worldwide nuclear renaissance, particularly in Europe and Asia, has spurred investor demand for uranium-related infrastructure.
YieldMax AI Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIYY#NYSE">AIYY</a>): up 9.17%
AIYY profited as it rode the AI boom with a spin—earning returns by employing options strategies on AI-themed equities. As Nvidia&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) quarterly results rekindled AI mania, income-hungry investors took refuge in this ETF as an intelligent wager on smart technology.
Sprott Junior Copper Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPJ#NASDAQ">COPJ</a>): up 4.7%
COPJ rode higher copper prices, which were supported by firming global supply and growing demand for green technology and EV infrastructure. Junior copper miners, otherwise more erratic, received a firm bid from investors looking for the metal&#8217;s long-term path.
Market Overview
Wall Street served up a week of drama, with markets oscillating between optimism and worry. Tuesday got off to a robust start as <a href="https://www.benzinga.com/government/regulations/25/05/45627060/wall-street-rockets-as-bond-yields-drop-tesla-hits-3-month-highs-whats-driving-markets-tuesday">declining bond yields underpinned a broad advance</a>, lifting the S&amp;P 500 and Nasdaq while Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) jumped to a three-month high.
But by Wednesday, the momentum was lost as investors became nervous in <a href="https://www.benzinga.com/25/05/45651401/wall-street-stalls-as-treasury-yields-climb-again-ahead-of-nvidia-earnings-fed-minutes-whats-driving-markets-wednesday">anticipation of Nvidia&#8217;s earnings</a> and the release of Fed minutes, as Treasury yields slowly advanced, spoiling the mood.
On Thursday, <a href="https://www.benzinga.com/25/05/45677482/stocks-edge-higher-nvidia-rallies-to-3-month-highs-bitcoin-dips-below-107000-whats-driving-markets-thursday">Nvidia dazzled the tech industry with solid earnings</a>, pushing its stock to a three-month high and propelling the broader market, aided in part by a court decision that temporarily blocked a number of Trump&#8217;s tariffs on Chinese imports.
Just when all seemed rosy, Friday rolled in the clouds: Donald Trump blew back into <a href="https://www.benzinga.com/markets/equities/25/05/45701116/wall-street-slumps-as-trump-reignites-china-trade-tensions-nvidia-wipes-out-earnings-rally-whats-driving-markets-friday">U.S.-China trade tensions by accusing Beijing of violating a tariff truce</a>, which spooked investors and erased much of Nvidia&#8217;s rally. Bitcoin, meanwhile, fell below $107,000, adding a pinch of crypto angst to the mix. All in all, the week was a volatile cocktail of earnings elation, bond market jitters, and geopolitical déjà vu.
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Broad U.S. Equity ETFs

AIYY

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ETFs This Week: Markets Whipsaw On Nvidia, Fed, And China—5 Funds That Outperformed

Robert Reich, who served as labor secretary under President Bill Clinton, called out what he sees as a glaring contradiction in corporate America: <a href="https://www.benzinga.com/news/25/05/45127511/ceo-pay-surges-50-since-2019-as-worker-wages-stall-oxfam-calls-for-75-tax-on-super-rich-ahead-of-international-workers-day">skyrocketing CEO pay</a> alongside stagnant wages for everyday workers.
&#8220;CEO pay is up 1,085% since 1978, while typical worker pay is up just 24%,&#8221; Reich wrote May 24 <a href="https://x.com/RBReich/status/1926337713482932467">on X</a>. &#8220;Why do we always hear &#8216;we can&#8217;t afford to pay our workers more&#8217; but never &#8216;we can&#8217;t afford to pay our CEO more&#8217;?&#8221;
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<h2 class="wp-block-heading">A Growing Pay Divide</h2>
Reich&#8217;s post drew on data from a 2024 <a href="https://www.epi.org/publication/ceo-pay-in-2023/">report</a> by the Economic Policy Institute, which shows that while CEO compensation dipped in 2023, the long-term trend is unmistakable: executive pay has exploded over the last four decades.
In 2023, CEOs at the top 350 U.S. firms earned 290 times more than the average worker. That's a huge jump from 1965, when the ratio was just 21 to one.
The report also found that CEO compensation has increased far faster than even the earnings of the top 0.1% of wage earners, indicating it&#8217;s not just about market competition for talent. &#8220;CEO compensation reflects substantial &#8216;rents&#8217; (income in excess of actual productivity),&#8221; the authors wrote.
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One reason for this, the report says, is that CEOs have more sway over their pay than most workers do. Their compensation is heavily tied to stock performance and negotiated with corporate boards that often lack independence. In 2023, stock-related pay made up 77.6% of total CEO compensation.
Meanwhile, average worker pay has only seen a modest increase, just 24% since 1978, despite a 74.8% rise in overall productivity during that time.
<h2 class="wp-block-heading">Policy Proposals to Close the Gap</h2>
The EPI report says this imbalance is a key driver of income inequality. &#8220;If very high earners hadn&#8217;t pulled away so dramatically, there would be room for broader-based wage growth for the rest of the workforce,&#8221; it notes.
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To rein in executive pay, the report suggests policies such as <a href="https://www.benzinga.com/news/25/05/45317302/trump-renews-effort-to-hike-taxes-on-wealthy-americans-holds-talks-with-mike-johnson-report">raising taxes on top incomes</a>, tying corporate tax rates to CEO-to-worker pay ratios, and giving shareholders more power to approve or reject executive compensation packages.
Reich's post comes amid broader conversations about wage fairness, labor strikes, and inflation. His question touches a nerve in today's economy: why is there always money for the top, but not for the base?
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Image: Shutterstock

Robert Reich Says 'CEO Pay Is Up 1,085% Since 1978,' Worker Pay Up Only 24%. Asks, Why Is It Always 'We Can't Afford Workers,' But Never CEOs?

Each week,&nbsp;Benzinga&#8217;s Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/25/05/45171636/exclusive-aprils-20-most-searched-tickers-on-benzinga-pro-where-do-tesla-apple-palantir-nvidia-stocks-rank" target="_blank" rel="noreferrer noopener">EXCLUSIVE: April&#8217;s 20 Most-Searched Tickers On Benzinga Pro — Where Do Tesla, Apple, Palantir, Nvidia Stocks Rank?</a>
Here's a look at the Benzinga Stock Whisper Index for the week ending May 30:
 CRH PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRH#NYSE">CRH</a>): The building materials company saw strong interest from Benzinga readers during the week. There was minimal news for the company outside of a recent quarterly financial report in early May. The company <a href="https://www.crh.com/media/press-releases/2025/crh-q1-2025-results">reported </a>revenue growth of 3% year-over-year with a figure that beat Street estimates. The company missed analyst estimates for earnings per share. Bernstein initiated coverage on the stock with an Outperform rating shortly after financial results. CRH CEO Jim Mintern said the first quarter results showed strength and highlighted the company's differentiated strategy and recent acquisitions.
"Although the first quarter is typically the seasonally least significant period for our business, we are encouraged by the continued strength of underlying demand across our key markets," Mintern said.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0530"><img loading="lazy" decoding="async" width="997" height="498" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172401/Screenshot-431.png" alt="" class="wp-image-933808" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172401/Screenshot-431.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172401/Screenshot-431-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172401/Screenshot-431-768x384.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>): The chipmaker rejoins the Stock Whisper Index months after<a href="https://www.benzinga.com/trading-ideas/25/03/44448522/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-58"> a March appearance.</a> The company reported first-quarter financial results on May 1 with earnings per share of $4.04 beating a Street consensus estimate of $4.01. This marked more than 10 straight quarters or earnings per share that beat analyst estimates. The company beat analyst revenue estimates in the quarter, marking nine straight quarters of beating analyst estimates. Analysts were <a href="https://www.benzinga.com/quote/MPWR/analyst-ratings">mixed on the quarter </a>with strong ratings remaining but several price targets taken lower.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0530"><img loading="lazy" decoding="async" width="999" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172415/Screenshot-432.png" alt="" class="wp-image-933809" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172415/Screenshot-432.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172415/Screenshot-432-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172415/Screenshot-432-768x389.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Amphenol Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>): The connectors and sensors company returns to the list <a href="https://www.benzinga.com/trading-ideas/25/05/45482435/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-65">two weeks later</a> with the stock soaring to new all-time highs and continuing momentum since reporting quarterly financial results. In April, the company beat earnings per share and revenue estimates from analysts, marking more than 10 straight quarters of beats for both figures. Sales were up 48% year-over-year in the first quarter with strong organic growth and contributions from recent acquisitions. Analysts raised<a href="https://www.benzinga.com/quote/APH/analyst-ratings"> the price targets </a>after the results and more are diving into the stock in recent weeks. UBS recently maintained a Buy rating on the stock and raised the price target from $85 to $106. Citi maintained a Buy rating and raised the price target from $85 to $100. The stock was up over 8% for the week and shares are up over 35% in the last year. Amphenol could be one of the top stocks to watch heading into its next earnings report after a series of consecutive beats and analyst price target increases.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0530"><img loading="lazy" decoding="async" width="997" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172429/Screenshot-433.png" alt="" class="wp-image-933810" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172429/Screenshot-433.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172429/Screenshot-433-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172429/Screenshot-433-768x386.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Home Depot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>): The home improvement retailer saw strong interest from readers during the week after recently reporting<a href="https://www.benzinga.com/news/earnings/25/05/45518559/home-depot-flags-tariff-and-supply-chain-risks-in-risk-statement-but-does-not-revise-outlook"> first-quarter financial results</a>. The company reported sales growth of 9.4% year-over-year with sales beating analyst estimates. Earnings per share from the company missed Street estimates in the quarter. Likely helping the company the most was reaffirming its full-year financial guidance in the<a href="https://www.benzinga.com/25/05/45536279/home-depot-accelerates-supply-chain-diversification-shifts-sourcing-away-from-single-countries-management-sees-limited-impact-from-tariffs"> wake of tariffs. </a>Home Depot did not specifically mention tariffs, but discussed potential supply chain risks, while remaining optimistic on the full-year outlook.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0530"><img loading="lazy" decoding="async" width="995" height="508" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172445/Screenshot-434.png" alt="" class="wp-image-933811" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172445/Screenshot-434.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172445/Screenshot-434-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172445/Screenshot-434-768x392.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>): A strong<a href="https://www.benzinga.com/news/earnings/25/05/45553121/snowflake-q1-earnings-revenue-eps-beat-estimates-ai-data-cloud-company-sees-25-growth-ahead-shares-climb"> financial report </a>and analyst price target increases likely led to Snowflake being on the list and seeing increased reader interest. The company beat analyst estimates for both revenue and earnings per share in the first quarter with revenue up 26% year-over-year. The company ended the quarter with remaining performance obligations of $6.7 billion, up 34% year-over-year. The company also ended the quarter with 606 customers that have trailing 12-month product revenue of more than $1 million. Investors and analysts were impressed with the report and guidance with a large number of analysts <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">raising their price targets</a> after the report. Along with earnings, Snowflake also announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45623498/snowflakes-ai-driven-insights-to-power-la28-olympic-and-paralympic-games">three-year partnership</a> to be the Official Data Collaboration Provider of the 2028 Olympics and Paralympic Games and Team USA. Snowflake stock was up over 3% on the week with shares now up over 45% in the last year.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0530"><img loading="lazy" decoding="async" width="995" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172458/Screenshot-435.png" alt="" class="wp-image-933812" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172458/Screenshot-435.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172458/Screenshot-435-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30172458/Screenshot-435-768x387.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0530" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/25/05/45183831/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-63" target="_blank" rel="noreferrer noopener">May 2</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/25/05/45335286/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-64" target="_blank" rel="noreferrer noopener">May 9</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/25/05/45482435/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-65" target="_blank" rel="noreferrer noopener">May 16</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/25/05/45600269/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-66">May 23</a></li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/04/45112477/exclusive-if-meta-is-forced-to-divest-instagram-whatsapp-or-facebook-43-pick-this-standout" target="_blank" rel="noreferrer noopener">EXCLUSIVE: If Meta Is Forced To Divest Instagram, WhatsApp, Or Facebook, 43% Pick This Standout</a></li>
</ul>

Exclusives

MPWR

SNOW

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Former President Barack Obama once said that he believes achieving success often requires sacrificing <a href="https://www.benzinga.com/news/24/05/38635370/meta-or-google-which-tech-giant-offers-better-work-life-balance-heres-what-an-ex-product-manager-who">work-life balance</a>, but says it's possible to restore that balance over time.
What Happened: Speaking on The Pivot Podcast in October last year, Obama explained that high achievement in any field—whether politics, business, or sports—inevitably requires intense, unbalanced effort at times, <a href="https://fortune.com/2025/05/30/former-president-barack-obama-work-life-balance-not-real-successful-people-career-grind/">reported</a> Fortune.
&#8220;If you want to be excellent at anything—sports, music, business, politics—there's going to be times of your life when you're out of balance, where you're just working and you're single-minded," Obama said.
He recalled the demanding 18-month grind of his first presidential campaign, during which his wife Michelle Obama carried much of the family burden alone while also working full-time.
See Also: <a href="https://www.benzinga.com/tech/25/03/44157414/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-lif">Mark Cuban Once Shared A Powerful Yet Humbling Take On Work-Life Balance</a>
After taking office, Obama made a personal rule to have dinner every night at 6:30 p.m. with Michelle and their daughters, even if he had to return to work later. "They ground you and give you perspective, and over time, that makes you better."
Obama also stressed the importance of mutual support in relationships. "You can have it all—but you can't have it all at once," he said.
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Why It's Important: Obama's remarks echo similar sentiments from leaders like LinkedIn cofounder Reid Hoffman, who argued that balance is unrealistic during the most critical phases of building something meaningful, the report noted.
Previously, Kevin O'Leary also said that if you're starting a business in your 20s, <a href="https://www.benzinga.com/startups/24/10/41231722/kevin-oleary-says-theres-no-worklife-balance-for-new-entrepreneurs-as-guys-in-mumbai-or-shanghai-wor">don't count on having</a> a work-life balance. With intense competition and low barriers to entry, entrepreneurs can't afford to take it easy while building their companies.
Meanwhile, Amazon founder Jeff Bezos has a different idea of &#8220;work-life balance,&#8221; calling it a &#8220;debilitating phrase&#8221; that implies a strict trade-off. 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">promotes the concept of</a> &#8220;work-life harmony,&#8221; where being happy at work and home fuels energy for both.
In an interview, OpenAI CEO Sam Altman likened work-life balance in the <a href="https://www.benzinga.com/news/24/03/38012384/openai-ceo-sam-altman-shares-wisdom-on-work-life-balance-and-career-growth-in-your-twenties-compound">twenties to compound interest</a>. He advised working hard early in your career, as small, consistent improvements and relationship-building create a powerful compounding effect over time, making early effort more valuable than late-career hustle.
Check out more of Benzinga&#8217;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/startups/24/10/41231722/kevin-oleary-says-theres-no-worklife-balance-for-new-entrepreneurs-as-guys-in-mumbai-or-shanghai-wor" target="_blank" rel="noreferrer noopener">Kevin O'Leary Says There's No Work/Life Balance For New Entrepreneurs As ‘Guys In Mumbai Or Shanghai' Work '24hrs A Day, Eight Days A Week'</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.
Photo courtesy: Shutterstock

Barack Obama Once Said Work-Life Balance Isn't Always Possible If You Want To Be Successful: 'You Can Have It All—But You Can't Have It All At Once'

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener">many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
In May, U.S. stocks recorded their strongest monthly rally since November 2023, driven by easing trade tensions and robust tech earnings. The S&amp;P 500 rose 6.2%, and the Nasdaq Composite surged 9.6%, returning both indices to positive territory for the year. The "Magnificent Seven" tech giants led the charge, with Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock climbing 24% after reporting a 70% year-over-year revenue increase.
Despite the tech sector's dominance, investors anticipate a broader market rally, citing improving earnings in sectors like industrials, consumer staples, and financials. Analysts expect the earnings growth gap between the Magnificent Seven and the rest of the S&amp;P 500 to narrow in 2025.
However, uncertainties remain. A U.S. court ruling declared President Donald Trump's recent tariffs illegal, though the decision was promptly appealed. Analysts warn that renewed tariffs, particularly on chips and pharmaceuticals, could threaten the sustainability of recent market gains.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45655507/tech-analyst-expects-palantir-stock-to-rise-above-400-as-ai-revolution-kicks-into-gear">"Tech analyst expects Palantir stock to rise above $400 as AI revolution kicks into gear"</a>, by Adam Eckert, reports that Wedbush analyst Dan Ives predicts Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) will surpass $400 per share and reach a $1 trillion market cap within a few years, citing its leadership in AI and calling it the "Messi of AI."
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45675006/nvidia-stock-has-significant-upside-as-ai-godfather-jensen-huang-delivers-another-robust-quarter">"Nvidia stock has ‘significant upside' as AI ‘godfather' Jensen Huang delivers another ‘robust quarter'"</a>, by Chris Katje, reports that Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares rose after the company beat Q1 estimates and analysts projected a market cap of up to $5 trillion, citing surging demand for its Blackwell AI chips and growth in AI infrastructure despite China export restrictions.
<a href="https://www.benzinga.com/news/earnings/25/05/45682895/ulta-beauty-stock-climbs-after-better-than-expected-q1-report-raised-fiscal-2025-outlook">"Ulta Beauty stock climbs after better-than-expected Q1 report, raised fiscal 2025 outlook"</a>, by Erica Kollmann, reports that Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) shares surged over 11% after the company exceeded Q1 earnings and revenue expectations, posting $6.70 EPS and $2.85 billion in sales, and raised its fiscal 2025 guidance amid strong demand for skincare and fragrance products.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/news/earnings/25/05/45683235/uipath-stock-surges-on-q1-earnings-beat-raised-guidance-this-was-a-milestone-quarter">UiPath Stock Surges On Q1 Earnings Beat, Raised Guidance: ‘This Was A Milestone Quarter'</a>
<a href="https://www.benzinga.com/government/regulations/25/05/45650179/uranium-stocks-hit-17-year-highs-as-mays-rally-marks-best-month-on-record">Uranium Stocks Hit 17-Year Highs As May's Rally Marks Best Month On Record</a>
<a href="https://www.benzinga.com/general/biotech/25/05/45648350/why-is-gsk-partner-spero-therapeutics-stock-skyrocketing-on-wednesday">Why Is GSK Partner Spero Therapeutics Stock Skyrocketing On Wednesday?</a>

The Bears
<a href="https://www.benzinga.com/news/earnings/25/05/45681892/marvell-technology-stock-slips-after-q1-results-details">"Marvell Technology stock slips after Q1 results: Details"</a>, by Erica Kollmann, reports that Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares fell over 3% after the company posted Q1 adjusted earnings of 62 cents per share on $1.9 billion in revenue—both slightly above analyst estimates—but investors showed muted enthusiasm despite strong AI-driven data center demand and a raised Q2 revenue forecast of $2 billion.
<a href="https://www.benzinga.com/trading-ideas/movers/25/05/45692578/regeneron-sanofi-stock-falls-after-uneven-smokers-lung-drug-data">"Regeneron, Sanofi stock falls after uneven smoker's lung drug data"</a>, by Vandana Singh, reports that Regeneron Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) and Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) shares declined after their experimental COPD drug, itepekimab, showed a 27% reduction in exacerbations in one Phase 3 trial but failed to meet the primary endpoint in a second trial, raising concerns about its efficacy.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45645056/gold-etf-bleeds-money-at-fastest-pace-in-3-years-is-the-safe-haven-trade-over">"Gold ETF bleeds money at fastest pace in 3 years — is the safe-haven trade over?"</a>, by Piero Cingari, reports that the SPDR Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) experienced $2.1 billion in outflows in May — its worst since July 2022 — as easing U.S.-China tensions and a surging S&amp;P 500 shifted investor appetite toward riskier assets, though Goldman Sachs still forecasts gold reaching $3,700 per ounce by year-end, driven by central bank demand and long-term macro risks.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/stock-split/25/05/45679654/mullen-automotive-stock-is-tumbling-thursday-whats-driving-the-action">Mullen Automotive Stock Is Tumbling Thursday: What's Driving The Action?</a>
<a href="https://www.benzinga.com/general/biotech/25/05/45655674/rocket-pharmas-gene-therapy-future-clouded-by-regulatory-uncertainty">Rocket Pharma's Gene Therapy Future Clouded By Regulatory Uncertainty</a>
<a href="https://www.benzinga.com/general/biotech/25/05/45624650/why-is-neuropace-stock-falling-after-epilepsy-treatment-study-data">Why Is NeuroPace Stock Falling After Epilepsy Treatment Study Data?</a>
Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

MRVL

MULN

NPCE

PATH

PLTR

RCKT

REGN

SPRO

ULTA

Benzinga Bulls And Bears: Nvidia, Palantir, Marvell Technology — And Markets Rallied In May

JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon delivered a pointed message on national security policy at the Reagan National<a href="https://www.benzinga.com/markets/economic-data/25/05/45704089/jamie-dimon-warns-of-bond-market-crisis-caused-by-us-debt-binge-youre-going-to-panic"> Economic Forum on Friday.&nbsp;</a>
The Details: The head of the largest bank in the country spoke to a group gathered and argued that the United States must focus more on traditional defense priorities and less on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).&nbsp;
"We don't need to stockpile bitcoin," Dimon said. "We should be stockpiling guns, bullets, tanks, planes, drones, you know, rare earths—we know what we need to do, it's not a mystery."&nbsp;
Read Next:<a href="https://www.benzinga.com/news/management/25/05/45675714/can-michael-burrys-nvidia-short-survive-the-stocks-stunning-comeback?utm_source=articleShare"> Can Michael Burry&#8217;s Nvidia Short Survive The Stock&#8217;s Stunning Comeback?</a>
Dimon said that JPMorgan will publish a "Defense Action Form" that aims to guide industry and government toward eliminating excess production surpluses and increased defense spending, among other recommendations.&nbsp;
He also criticized the military's reliance on long-term procurement cycles and suggested the need to become more flexible with contracts in order to pivot, when necessary, to evolving technologies.&nbsp;
"The military can't have a 30-year program," he urged, echoing a growing chorus in Washington calling for increased defense budgets and faster modernization to keep pace with global rivals.
Why It Matters: Dimon's comments on the importance of increased defense spending and preparations in the name of national security come amid heightened debate over America's role in the world, as policymakers grapple with the balance between domestic needs and global security commitments.
However, Dimon's comments on bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45557864/jamie-dimon-is-no-fan-of-bitcoin-but-trumps-crypto-czar-made-an-attempt-to-change-the-jpmorgan-ceos-mind-using-this-narrative">were not surprising</a> as the JPMorgan CEO has been consistently skeptical of the cryptocurrency and said it has "no intrinsic value" in a January 2025 interview with CBS.&nbsp;
"It's used heavily by sex traffickers, by money launderers, ransomware. So I just don't feel great about bitcoin," he added.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45624626/record-memorial-day-weekend-air-travel-expected-will-airline-stocks-get-a-lift?utm_source=articleShare">Space Stocks Weekly Countdown: RocketLab, Blacksky, Redwire &amp; More</a></li>
</ul>
Photo: Shutterstock

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

Cryptocurrency

Politics

Management

$BTC

US Should Stockpile Bullets, Not Bitcoin, Jamie Dimon Says

In a podcast conversation that was made public Friday, U2 frontman Paul David Hewson, popularly known by the nickname Bono, told Joe Rogan that over 300,000 people have died globally <a href="https://www.benzinga.com/25/05/45345966/bill-gates-criticizes-elon-musk-over-usaid-cuts-demonizing-aid-workers-is-deeply-unfair-warns-against-undermining-global-health-efforts">due to severe cuts</a> to U.S. Agency for International Development (USAID) funding led by Elon Musk's Department of Government Efficiency (DOGE)—a claim the billionaire swiftly denied, calling Bono a "liar."
What Happened: During an appearance on The Joe Rogan Experience, Bono cited a report suggesting that more than 300,000 people, mostly children, have died from the abrupt funding freeze at USAID.
He said that the cuts resulted in food, water, and medical aid being stranded due to mass layoffs of key personnel.
"There's food rotting in boats, in warehouses—50,000 tons of it," Bono said. "The people who knew the codes, who were responsible for distributing that aid, were fired. That's not America, is it?"
See Also: <a href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella" target="_blank" rel="noreferrer noopener">Elon Musk Was Once A Microsoft Intern — Now His Company Is Bringing Grok To Azure</a>
The statistic comes from modeling done by Brooke Nichols, an infectious disease expert at Boston University.
Musk responded to Bono's comment on his social media platform, X, formerly Twitter, <a href="https://x.com/elonmusk/status/1928650871035891811">saying</a>, "He's such a liar/i&#x2A;&#x2A;&#x2A;&#x2A;," adding, "Zero people have died!"
Why It's Important: The USAID budget was slashed by over 80% earlier this year, following Trump's executive order authorizing DOGE to cut $1 trillion in federal spending, <a href="https://www.thetimes.com/us/american-politics/article/usaid-doge-deaths-children-cuts-7nb83dfkp">reported</a> The Times.
USAID's programs, which once supported food aid, clean water access, and HIV treatment in over 120 countries, have been largely dismantled or folded into the State Department.
At a congressional hearing last week, Rep. Brad Sherman (D-Calif.) pressed Secretary of State Marco Rubio on whether anyone had died due to the aid cuts, which Rubio called a lie, <a href="https://www.washingtonpost.com/politics/2025/05/28/rubio-aid-cuts-deaths-fact-checker/">reported</a> the Washington Post.
Rubio also called the question "unfair" and pointed to other countries&#8217; aid reductions.
Meanwhile, on Friday, Musk ended his contentious four-month stint as head of the DOGE.
Despite failing to deliver the anticipated savings, President Donald Trump presented him with a <a href="http://v/">golden key to the White House</a> in a symbolic gesture of appreciation.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Bono Tells Joe Rogan That 300,000 People Have Died From DOGE-Led USAID Cuts: Elon Musk Calls Him A Liar, Says 'Zero People Have Died'

Cresco Labs (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>) reported quarterly losses of $(0.04) per share which met the analyst consensus estimate. This is a 100 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $165.76 million which beat the analyst consensus estimate of $165.48 million by 0.17 percent. This is a 10.06 percent decrease over sales of $184.29 million the same period last year.

Earnings

Earnings Beats

CRLBF

Cresco Labs Q1 EPS $(0.04), Inline, Sales $165.76M Beat $165.48M Estimate

On Friday, President Donald Trump announced that he is doubling U.S. tariffs on imported steel to 50%, while also <a href="https://www.benzinga.com/news/global/25/05/45622810/japans-nippon-steel-to-acquire-us-steel-at-55-per-share-report">endorsing the sale</a> of U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) to Japan's Nippon Steel.
What Happened: Speaking at a U.S. Steel facility in West Mifflin, Pennsylvania, Trump called the 50% tariff hike a "major announcement" aimed at revitalizing the American steel industry and protecting domestic jobs, <a href="https://edition.cnn.com/2025/05/30/business/trump-announces-50-percent-steel-tariff">reported</a> CNN.
"We are going to be imposing a 25% increase," Trump said. "We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States. Nobody's going to get around that."
Trump said he initially considered a 40% tariff but raised it after feedback from industry leaders. "At 25% they can sorta get over that fence," he said, adding, "At 50% nobody's getting over that fence."
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella" target="_blank" rel="noreferrer noopener">Elon Musk Was Once A Microsoft Intern — Now His Company Is Bringing Grok To Azure: ‘Incredibly Important For AI To Be Grounded In Reality,&#8217; xAI CEO Tells Satya Nadella</a>
The new tariffs will take effect on Wednesday, June 4, he informed later via a post on Truth Social.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/31015937/Screenshot-2025-05-31-at-11.29.33%E2%80%AFAM-1024x353.png" alt="" class="wp-image-933985" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
Trump also celebrated Nippon Steel's acquisition of U.S. Steel, which had previously been blocked by former President Joe Biden on national security grounds.
"US Steel was being sold into foreign hands with no protections for our great steel workers," the President said. "And I said there's no way we're gonna let that happen. I was watching over you."
Why It's Important: On March 12, Trump enacted <a href="https://www.benzinga.com/markets/equities/25/03/44269301/trumps-25-tariffs-on-steel-and-aluminum-imports-take-effect-eu-retaliates-us-steel-nucor-century-aluminum-and-other-domestic-stocks-cheer">broad 25% tariffs on all steel and aluminum</a> imports, prompting swift retaliation from Canada and drawing criticism from the U.S. auto sector.
The EU also responded with plans for counter-tariffs, which were later withdrawn, the report added. Since the March announcement, domestic steel prices have climbed as U.S. producers faced less foreign competition.
Back in 2018, when similar tariffs were implemented during Trump's first term, U.S. steel production rose slightly.
However, according to a 2023 report by the International Trade Commission, these tariffs also drove up prices for vehicles, machinery, and tools, reducing output in those sectors by over $3 billion by 2021, suggesting the economic costs may have outweighed the benefits, the report said.
According to U.S. Commerce Department figures, the country imported $31.3 billion in iron and steel last year. Canada was the leading supplier, sending $7.6 billion worth of those materials to the U.S.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump Doubles Steel Tariffs To 50% Saying It Will 'Secure' American Jobs, Backs US Steel's Takeover By Japan's Nippon

President Donald Trump has mandated that automakers, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) , manufacture entire vehicles and all components within the U.S. This announcement was made during a press conference on Friday, coinciding with Elon Musk&#8217;s departure as a senior adviser at the White House.
What Happened: President Trump addressed concerns regarding tariffs impacting companies like Tesla that import auto parts.
He assured that Musk would eventually produce entire cars domestically, noting, &#8220;Pretty much he does.&#8221;
Trump emphasized that all manufacturers must build their parts in the U.S., expressing dissatisfaction with parts being made in countries like Canada, Mexico, and Europe.
&#8220;Nobody knew what the hell was happening,&#8221; he stated, declaring that within the next year, automakers must ensure complete production occurs in America.
Earlier this year, the Trump administration imposed a 25% tariff on imported vehicles and auto parts, which the auto industry claims will disrupt supply chains and increase car prices. While Tesla manufactures its electric vehicles in the U.S., many key components are sourced from abroad.
See Also: <a href="https://benzinga.com/markets/equities/25/05/45691777/how-bill-ackmans-stock-tip-turned-a-new-york-taxi-drivers-50-thousand-into-a-3-million-retiremen">How Bill Ackman&#8217;s Stock Tip Turned A New York Taxi Driver&#8217;s $50 Thousand Into A $3 Million Retirement Fund</a>
Why It Matters: The automotive industry has been grappling with the implications of tariffs since President Trump hinted at increasing the 25% tariff on Canadian automobile imports in April, suggesting that the U.S. auto industry would benefit from reduced Canadian involvement.
In a statement from the Oval Office, <a href="https://www.benzinga.com/news/25/04/45018925/trump-says-us-doesnt-need-canadian-cars-hints-tariffs-could-rise-we-dont-want-your-cars-with-all-due">Trump remarked</a>, "We don&#8217;t want your cars, with all due respect."
In May, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) CEO Mary Barra <a href="https://www.benzinga.com/25/05/45664131/general-motors-ceo-backs-trumps-auto-tariffs-as-a-tool-to-level-the-playing-fieldtheyve-taken-the-time-to-understand-our-industry">expressed support</a> for Trump&#8217;s tariffs, citing them as a tool to level the playing field against foreign government subsidies and tax policies.
The Trump administration <a href="https://www.benzinga.com/25/05/45249274/trump-eases-auto-tariffs-auto-makers-welcome-and-appreciate-the-move">eased some auto tariffs</a>, allowing for reimbursements for domestic car producers importing parts, though these reimbursements will phase out over time.
This policy shift underscores the administration&#8217;s commitment to strengthening the U.S. automotive sector by encouraging domestic production, a move that could have significant implications for automakers and their supply chains.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump Demands Automakers, Including Tesla, Build Entirely In The US

Taylor Swift has officially bought back the master recordings of her first six albums, marking the end of a bitter and public battle over the rights to her music.
What Happened: In a heartfelt statement posted to her website, Swift wrote, "I've been bursting into tears of joy at random intervals ever since I found out this is really happening," adding, "All of the music I've ever made now belongs to me."
The development was first <a href="https://www.bbc.com/news/articles/cp3n799d0v5o">spotted</a> by the BBC.
The <a href="https://www.benzinga.com/general/entertainment/24/05/38676513/taylor-swift-vs-scooter-braun-new-docuseries-on-bitter-music-feud-to-skip-us-launch">conflict began in 2019</a> when music executive Scooter Braun acquired Big Machine Records, Swift's former label, and with it, the masters of her albums Taylor Swift, Fearless, Speak Now, Red, 1989, and Reputation.
Swift, who was not given the opportunity to purchase the masters herself, publicly objected to the sale, citing Braun's ties to Kanye West and calling the deal a betrayal, the report noted.
See Also: <a href="https://www.benzinga.com/general/entertainment/25/05/45607331/taylor-swifts-months-long-absence-raises-eyebrows-where-is-she">Taylor Swift&#8217;s Months-Long Absence Raises Eyebrows: Where Is She?</a>
As a workaround, Swift <a href="https://www.benzinga.com/general/entertainment/23/08/33696661/taylor-swift-announces-1989-as-next-rerecorded-album-during-eras-tour-in-los-angeles">began re-recording her early albums</a> as &#8220;Taylor's Versions&#8221; to regain control of her work. So far, she has released four of them, including Fearless (Taylor's Version) and 1989 (Taylor's Version).
"I almost stopped thinking it could ever happen," Swift wrote, reflecting on her two-decade struggle to regain control of her catalog. "But that's all in the past now."
Why It's Important: Owning her master recordings gives Swift full control over how her music is licensed and distributed—a crucial shift in an industry where artists often lack that power.
While the exact terms of the buyback remain undisclosed, Swift emphasized that the fight was about more than business—it was about creative ownership.
In the letter, Swift told fans she&#8217;s paused work on re-recording her 2017 album Reputation, saying she hit a &#8220;stopping point&#8221; because the album was so tied to a specific, emotionally complex time in her life.
While a snippet of the re-recorded Reputation track "Look What You Made Me Do" was previewed recently, her letter hinted that the full re-recording may be delayed or possibly not happen, the report added.
Still, she plans to release unreleased vault tracks from the album if fans are interested.
Swift also confirmed she has re-recorded her self-titled debut album and is happy with how it sounds. She said both albums could still have their moment to re-emerge in the future, but only as a celebration, not from sadness or longing.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock/Brian Friedman

Entertainment

Legal

Taylor Swift Reclaims Ownership Of Her First 6 Albums From Scooter Braun: 'All Of The Music I've Ever Made Now Belongs To Me'

When listener Portia asked a question on the "<a href="https://omny.fm/shows/suze-ormans-women-and-money/ask-kt-suze-anything-will-i-really-be-able-to-retire">Women &amp; Money</a>" podcast about her variable annuity, Suze Orman didn't hold back. Based on the high fees Portia was paying and the surrender schedule she faced, Orman advised her to cut her losses — and fast.
If you've ever wondered whether an annuity is right for your retirement funds, especially when it involves rolling over a 401(k), this is a story worth paying attention to.
<h2 class="wp-block-heading">What Happened: A Costly Variable Annuity</h2>
Portia explained that she transferred $85,000 from her previous employer's 401(k) into a variable annuity at Fidelity in 2022. She's currently paying around $380 per quarter in fees — more than $1,500 per year — and the annuity has a nine-year surrender period. If she waits it out, she avoids the surrender charge but continues paying hefty fees. If she exits now, she'll face a penalty of roughly 7%.
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<a href="https://www.benzinga.com/25/05/45445458/i-got-a-new-job-with-my-dream-salary-but-now-i-miss-my-old-job-suze-orman-offers-some-advice">Orman</a> did the math. If Portia sticks with the annuity until the ninth year, she'll end up paying approximately $9,120 in fees. In contrast, her surrender charge today would be around $6,300 to $6,900. &#8220;Absolutely surrender it," Orman said. "It makes no sense for you to be in it."
<h2 class="wp-block-heading">Why Orman Advises Getting Out Now</h2>
Orman has long warned against putting retirement savings into <a href="https://www.benzinga.com/money/what-is-a-variable-annuity">variable annuities</a>, especially when they come from qualified accounts like a 401(k). In Portia's case, the high annual fees alone are reason enough to reconsider.
According to <a href="https://www.investopedia.com/ask/answers/093015/what-are-risks-rolling-my-401k-annuity.asp">Investopedia</a>, variable annuities often charge 2% to 3% annually just for management and administrative costs. Add in surrender charges, possible sales commissions, and insurance fees, and you're looking at a serious drain on your retirement savings over time.
Even though annuities offer the benefit of guaranteed income, that security comes at a price. "It makes no sense for you to be in it," Orman said. "You might even want to look at converting it little by little to a Roth IRA and really save money in the long run."
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">The Risks of Rolling Over a 401(k) Into an Annuity</h2>
Rolling a 401(k) into an annuity can sound appealing — it promises stability and income in retirement. But the move can backfire if you're not fully informed.
Here's why:
<ul class="wp-block-list">
<li>No added tax benefit: A 401(k) is already tax-deferred, so moving it into an annuity doesn't give you extra tax savings.</li>
<li>Limited flexibility: Annuities often lock you into fixed payment schedules, which can be a problem if your expenses vary month to month.</li>
<li>Hefty fees: Fees can quietly eat away at your balance, reducing your future payouts.</li>
<li>Inheritance issues: If you die prematurely, the remaining annuity funds may go to the insurance company — not your heirs.</li>
</ul>
See Also: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
<h2 class="wp-block-heading">What Portia — and Others — Can Do Instead</h2>
Orman suggested that Portia surrender the annuity and reinvest the money in her IRA in a way that makes more financial sense. She also floated the idea of gradually converting the funds to a <a href="https://www.benzinga.com/personal-finance/25/05/45587754/i-contributed-after-tax-amounts-to-a-pre-tax-ira-can-i-withdraw-those-contributions-to-open-a-roth-account-heres-what-suze-orman-says">Roth IRA</a> to reduce future tax burdens.
If you're in a similar situation, consider seeking advice from a financial planner before making changes. Understanding your investment's fee structure, potential penalties, and tax implications is key to making the right decision.
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Personal Finance

$85,000 Investment Mistake? Suze Orman Says This Listener Should Exit Her Annuity ASAP

In a recent address, Jamie Dimon, CEO of JPMorgan Chase, highlighted internal challenges as a greater threat to the U.S. economy than tensions with China. This statement was made at the Reagan National Economic Forum in Simi Valley, California.
What Happened: Dimon expressed concerns on Friday about the internal challenges facing the U.S., overshadowing tensions with China.
Speaking at the Reagan National Economic Forum in Simi Valley, California, Dimon emphasized that while China is a potential adversary, the real threat lies within the U.S. itself, according <a href="https://www.cnbc.com/video/2025/05/30/jpmorgan-ceo-jamie-dimon-china-is-a-potential-adversary-but-i-worry-about-us-the-enemy-within.html">to</a> a CNBC report.
Dimon highlighted the need for the U.S. to address its internal issues, including values, capabilities, and management.
His comments come amid ongoing trade tensions between the U.S. and China, exacerbated by President Donald Trump&#8217;s tariffs, which have significantly impacted trade relations.
See Also: <a href="https://benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen">Tesla&#8217;s Optimus May Be The First Humanoid Robot To Achieve High Volume And Tech Scale, Says Nvidia CEO Jensen Huang</a>
Dimon warned that the standoff with China, which escalated after Trump&#8217;s accusations of Beijing violating trade agreements, is unlikely to ease. He cautioned against expecting China to yield to U.S. demands.
Dimon agreed with Warren Buffet that America is resilient but stressed the urgency of addressing mismanagement issues, including permitting, regulations, and healthcare.
He noted that resolving these could lead to a 3% annual growth rate for the U.S. economy.
Why It Matters: Dimon&#8217;s recent remarks come amid a series of warnings he has issued regarding the U.S. economy.
Dimon also cautioned about a potential <a href="https://www.benzinga.com/markets/economic-data/25/05/45704089/jamie-dimon-warns-of-bond-market-crisis-caused-by-us-debt-binge-youre-going-to-panic">bond market crisis</a> due to unchecked debt and monetary expansion, predicting a significant dislocation in the financial system.
He also flagged concerns about the U.S. economy facing <a href="https://www.benzinga.com/government/regulations/25/05/45561399/jamie-dimon-says-us-is-not-in-a-sweet-spot-flags-stagflation-risk-and-deficit-problems-amid-trump-china-tensions">stagflation risks</a> and deficit issues amid geopolitical tensions.
Furthermore, Dimon, who previously foresaw the 2008 Lehman Brothers collapse, has warned that <a href="https://www.benzinga.com/markets/equities/25/05/45535142/jamie-dimon-who-flagged-trouble-before-2008-lehman-brothers-collapse-now-warns-sp-earnings-could-fall-to-0rougher-time-for-markets-says-dan-niles">S&amp;P 500 earnings</a> could drop to zero, impacting market valuations.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Jamie Dimon Sounds Alarm On 'Enemy Within,' Shrugs Off China Concerns

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk concluded his controversial four-month tenure leading the Department of Government Efficiency (DOGE) on Friday, with President Donald Trump honoring him with a golden key to the White House despite falling <a href="https://www.benzinga.com/media/25/05/45534314/elon-musk-just-got-grilled-on-doge-spending-hits-back-with-were-not-kings-here">far short of promised savings</a>.
What Happened: Speaking <a href="https://www.benzinga.com/news/25/05/45707425/trump-says-he-is-having-elon-musk-over-at-the-white-house-tomorrow-for-a-press-conference-as-billion">alongside Trump in the Oval Office</a>, Musk reflected on DOGE's impact, saying, "The DOGE team will only grow stronger over time. The DOGE influence will only grow stronger. I liken it to a sort of person of Buddhism—it's like a way of life," <a href="https://www.theguardian.com/us-news/2025/may/30/elon-musk-leaving-white-house-doge-trump">reported</a> The Guardian.
Created by executive order hours after Trump returned to office, <a href="https://www.benzinga.com/25/04/44759007/did-elon-musk-just-lower-doges-1-trillion-savings-target-to-150-billion-in-a-second-revision-since-jan">DOGE aimed to slash $1 trillion</a> in federal spending by eliminating bureaucracy and government inefficiencies. However, the initiative has only documented $175 billion in cuts so far, according to its own website.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella" target="_blank" rel="noreferrer noopener">Elon Musk Was Once A Microsoft Intern — Now His Company Is Bringing Grok To Azure: ‘Incredibly Important For AI To Be Grounded In Reality,' xAI CEO Tells Satya Nadella</a>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30233216/Screenshot-2025-05-31-at-9.02.07%E2%80%AFAM-1024x262.png" alt="" class="wp-image-933916" /><figcaption class="wp-element-caption">Source: DOGE website</figcaption></figure>
Still, Musk remains confident. "We do expect to achieve over time the trillion dollars of savings," he said. "Say, by the middle of next year, with the support of the president and Congress, could we achieve a trillion dollars of savings? I think so. We're on track to do so."
Trump lauded Musk as a colossal force in disrupting Washington, saying, "He willingly accepted the outrageous abuse and slander and lies and attacks, because he does love our country. I know that very much."
Why It's Important: Musk's brief tenure was marked by aggressive job cuts across federal agencies, the dismantling of USAID and a series of controversial communications, <a href="https://www.benzinga.com/25/02/43680384/trumps-controversial-fork-in-the-road-government-buyout-program-gets-the-green-light-from-judge-unions-dont-have-the-required-stake">including "fork in the road" resignation emails</a>.
On Friday, Musk and Trump's joint appearance occurred just hours after the New York Times published a report outlining the Tesla CEO's use of ketamine, ecstasy and <a href="https://www.benzinga.com/cannabis/25/05/45700477/elon-musk-was-using-drugs-while-on-campaign-trail-with-trump-including-ecstasy-and-psychedelic-mushrooms">psychedelic mushrooms during</a> his campaign efforts for the President last year.
Musk's decision to step back from DOGE came after his <a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">criticism of Trump's $3.8 trillion spending plan</a>, which he labeled as disappointing and harmful to the progress of DOGE.
In an interview earlier this month, the billionaire also admitted he might have spent more time on politics than he should have, describing his involvement in government affairs as a matter of misallocated time.
Musk's renewed attention to Tesla has also sparked fresh optimism among Wall Street analysts. Dan Ives of Wedbush Securities set a bullish price target of $500, projecting a possible <a href="https://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-table">$2 trillion valuation for the company</a>.
Price Action: Tesla shares slipped 3.34% on Friday, closing at $346.46. In after-hours trading, the stock saw a slight decline of 0.27%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
As per Benzinga Edge Stock Rankings, Tesla boasts a growth score of 91.89%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other top-performing stocks</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30232913/Screenshot-2025-05-31-at-8.57.16%E2%80%AFAM.png" alt="" class="wp-image-933914" /></a></figure>
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Elon Musk's $175 Billion In DOGE Cut Falls Far Short Of The Billionaire's Goal: 'Expect To Achieve Over Time The Trillion Dollars Of Savings,' Says Tesla CEO

On Friday, Cathie Wood-led Ark Invest made some significant trades. The most prominent among these were in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), 10X Genomics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>), Intellia Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>), 3D Systems Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>), and Adaptive Biotechnologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>).
The TSLA Trade: Ark Invest sold 6,511 shares of Tesla from its ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) fund. This move comes in the wake of significant developments for the electric vehicle giant, including insider sales and CEO Elon Musk&#8217;s decision to quit his government role.
The TXG and NTLA Trades: Ark Invest bought shares of 10X Genomics Inc. and Intellia Therapeutics Inc. from both its ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARKK funds.
The firm purchased 46031 shares of TXG and 30357 shares of NTLA from the ARKG fund, and 296148 shares of TXG and 196156 shares of NTLA from the ARKK fund.
The DDD Trade: Ark Invest sold shares of 3D Systems Corp. from its ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) and ARKX funds. The firm sold 36868 shares from the ARKQ fund and 11503 shares from the ARKX fund.
The ADPT Trade: Ark Invest sold 164741 shares of Adaptive Biotechnologies Corp. from its ARKG fund.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ADPT

ARKG

ARKK

ARKQ

NTLA

Cathie Wood's Ark Invest Continues To Offload Tesla As Elon Musk Moves On From Trump Administration

Global automakers are expressing serious concerns over a potential shortage of rare-earth magnets from China, which could result in factory closures within weeks.
What Happened: A letter dated May 9 from the Alliance for Automotive Innovation, representing major automakers like General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), and Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), was sent to the Trump administration highlighting these urgent issues, according to a report by Reuters.
&#8220;Without reliable access to these elements and magnets, automotive suppliers will be unable to produce critical automotive components, including automatic transmissions, throttle bodies, alternators, various motors, sensors, seat belts, speakers, lights, motors, power steering, and cameras,&#8221; the Alliance for Automotive Innovation said.
This could lead to decreased production volumes or even the shutdown of vehicle assembly lines in the U.S., the group added. &#8220;In severe cases, this could include the need for reduced production volumes or even a shutdown of vehicle assembly lines.&#8221;
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China, which controls over 90% of the global processing capacity for these magnets, imposed restrictions in April, requiring exporters to obtain licenses.
Why It Matters: Earlier in April, China imposed<a href="https://www.benzinga.com/25/04/44650952/china-restricts-rare-earth-exports-to-us-as-part-of-tariff-retaliation"> export restrictions on seven rare earth elements</a>, including samarium and dysprosium, as a retaliatory measure against U.S. tariffs.
Meanwhile, the European Union<a href="https://www.benzinga.com/markets/equities/25/04/44766503/eu-fast-tracks-mining-to-cut-china-reliance-builds-216m-rare-earth-recycling-plant"> is taking steps to reduce its dependency</a> on China for rare earth imports by fast-tracking mining and recycling initiatives.
The U.S. has escalated its tech war with China by imposing new export<a href="https://www.benzinga.com/markets/equities/25/05/45663228/us-escalates-tech-war-with-china-new-export-curbs-hit-cadence-synopsys-as-eda-software-chemicals-and-tools-face-license-requirements-report"> restrictions on semiconductor design software</a> and other critical materials.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

VWAGY

China's Rare-Earth Magnet Restrictions Threaten Auto Production, Could Result In 'Shutdown Of Assembly Lines:' Report

In a boost to Tesla Inc. and SpaceX CEO Elon Musk's Mars ambitions, President Donald Trump is seeking to involve private companies in Mars exploration.
What Happened: The White House&#8217;s 2026 budget proposal, unveiled on Friday, includes over $1 billion for Mars initiatives, according to a report <a href="https://www.bloomberg.com/news/articles/2025-05-30/trump-wants-1-billion-for-private-sector-led-mars-exploration?srnd=homepage-americas">by</a> Bloomberg.
The budget outlines the creation of NASA&#8217;s Commercial Mars Payload Services Program (CMPS), which would grant contracts to companies working on spacesuits, communication systems, and a human-rated landing vehicle.
This initiative is part of a proposed $18.8 billion NASA budget, representing a 25% reduction from the previous year, significantly impacting the agency&#8217;s science portfolio.
The proposal builds on an earlier budget outline and is modelled after NASA&#8217;s Commercial Lunar Payload Services program, which has seen mixed success. SpaceX, led by Musk, is already developing a version of its Starship rocket for moon missions under NASA&#8217;s Artemis program.
See Also: <a href="https://benzinga.com/news/25/05/45681998/how-two-entrepreneurs-made-200-million-by-selling-mayonnaise-for-10-per-jar">How Two Entrepreneurs Made $200 Million By Selling Mayonnaise For $10 Per Jar</a>
Jared Isaacman, Trump&#8217;s nominee for NASA administrator, indicated that the agency could pursue lunar and Martian missions simultaneously. However, the proposed cuts to NASA&#8217;s science budget have drawn criticism from space industry figures and lawmakers, including former Republican Congressmen Newt Gingrich and Bob Walker.
Why It Matters: The proposed budget shift towards Mars exploration comes amidst significant changes at NASA. Earlier this month, it was reported that NASA is preparing for a <a href="https://www.benzinga.com/markets/25/05/45189017/nasa-prepares-for-6-billion-budget-cut-amid-shift-towards-elon-musks-mars-focused-initiatives">$6 billion budget cut</a>.
Meanwhile, <a href="https://www.benzinga.com/general/space/25/05/45636692/elon-musks-mars-ambitions-face-new-setback-as-spacex-starship-test-flight-fails">SpaceX&#8217;s recent Starship test flight</a> faced setbacks, highlighting the challenges in achieving Musk&#8217;s ambitious timeline for Mars missions. Musk has previously suggested that <a href="https://www.benzinga.com/25/03/44350440/elon-musk-confirms-starship-to-carry-tesla-optimus-to-mars-by-2026-predicts-human-landing-by-2029">human landings on Mars</a> could begin as early as 2029, though some experts, like former NASA astronaut José Hernández, believe<a href="https://www.benzinga.com/25/03/44373082/former-nasa-astronaut-predicts-mars-travel-still-15-years-away-not-5-years-as-elon-musk-alludes-to"> such travel is still 15 years away</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joey Sussman / Shutterstock.com

SPACE

President Trump Proposes $1 Billion For Private Sector Mars Exploration: Report

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk is actively lobbying U.S. lawmakers to establish a regulatory framework for autonomous vehicles.
Musk, alongside his team, has been directly contacting Congress members to rally support for this initiative, <a href="https://www.bloomberg.com/news/articles/2025-05-30/musk-lobbies-washington-to-clear-way-for-self-driving-cars">according</a> to a Bloomberg report.
In recent weeks, Musk has been involved in discussions about revising a bill introduced on May 15, which aims to establish a basic framework for autonomous vehicles.
The options under consideration include fast-tracking the bill or proposing a more comprehensive measure before the July 4 recess, according to sources familiar with the matter.
During a Friday press conference at the Oval Office, Musk confirmed his continued advisory role to President Donald Trump, despite stepping down from the Department of Government Efficiency. The White House deputy press secretary, Harrison Fields, emphasized that the administration&#8217;s policy is focused on achieving the president&#8217;s agenda.
See Also: <a href="https://benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report">Over 20 BYD Dealerships Shut Down In China Amid Expansion To Europe, Impacting 1,000+ Customers: Report</a>
Why It Matters: The push for federal support on autonomous vehicles is crucial as <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">Tesla prepares to launch its Robotaxi service in Austin</a> on June 12. The company has accelerated its Full Self-Driving (FSD) testing, aiming to meet this deadline. However, the launch remains tentative, dependent on regulatory approvals.
Tesla also intends to introduce Cybercabs, pending federal approval for vehicles without steering wheels or pedals.
Analyst Dan Ives of Wedbush Securities views<a href="https://www.benzinga.com/25/05/45667224/dan-ives-calls-elon-musks-trump-white-house-exit-music-to-tesla-shareholders-ears-predicts-renewed-autonomous-vehicle-focushttps:/www.benzinga.com/tech/25/05/45535283/elon-musk-brushes-off-potential-tesla-uber-deal-believes-owners-could-add-their-cars-to-ev-giants-autonomous-fleet-instead"> Musk&#8217;s departure from a White House</a> role as a positive shift, allowing Musk to concentrate on Tesla&#8217;s autonomous vehicle ambitions. This renewed focus is seen as a promising development for shareholders.
Despite the enthusiasm, some industry experts, like Gary Black of Future Fund LLC,<a href="https://www.benzinga.com/25/05/45582499/gary-black-slams-teslas-unsupervised-autonomous-driving-ahead-of-austin-robotaxi-launch-i-have-warned"> express concerns over unsupervised autonomous driving</a>. Black has repeatedly cautioned investors about the risks associated with such technology, particularly as Tesla gears up for its upcoming launch.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors
Photo courtesy: Ken Wolter / Shutterstock.com

Elon Musk Lobbies For Support From Lawmakers On Legislation For Self-Driving Cars: Report

On Friday, a federal judge signaled he may scale back the Justice Department's proposed remedies for Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google's <a href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report">alleged search monopoly</a>, citing the fast-changing role of artificial intelligence in online search.
What Happened: U.S. District Judge Amit Mehta, presiding over the high-profile antitrust case, expressed skepticism about imposing a 10-year oversight plan that would force Google to share search data and stop paying Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and others to be the default search engine, reported Reuters.
"Ten years may seem like a short period, but in this space, a lot can change in weeks," Mehta said, referring to ChatGPT-maker OpenAI's decision to buy Jony Ive's startup to <a href="https://www.benzinga.com/tech/25/05/45640879/openais-sam-altman-says-6-5b-deal-with-jony-ive-to-build-ai-companions-could-add-1-trillion-in-company-value-report">build AI devices</a>.&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…&#8217;</a>
He added that future competition may not come from <a href="https://www.benzinga.com/news/23/10/35102432/apples-dismissed-plan-to-replace-google-with-duckduckgo-on-safari-the-inside-story">traditional search rivals like</a> Microsoft Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bing or DuckDuckGo, but from AI companies offering fundamentally different user experiences.
"If anything, it's going to be one of these AI companies that can do more than just search. And Why? Because maybe people don't want 10 blue links anymore," Mehta said.
Google's lawyer John Schmidtlein pushed back on the idea of giving AI rivals access to Google's proprietary data, arguing, "Coming to Google and asking Google for a handout when they are the market leader seems completely disproportionate to what this case is about."
Previously, Nick Turley, OpenAI&#8217;s product head for ChatGPT, testified that the AI startup would be open to acquiring Chrome if Google <a href="https://www.benzinga.com/news/legal/25/04/44941262/openai-once-tried-to-use-googles-search-technology-instead-of-microsoft-bing-due-to-quality-issues-was-rejected-now-sam-altmans-startup-says-itd-buy-chrome-if-forced-antitrust-sale-happens">were ever compelled to sell it</a>.
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's Important: Earlier this month, Apple executive Eddy Cue testified that Safari had seen a <a href="https://www.benzinga.com/25/05/45339953/apple-exec-says-iphone-users-are-ditching-google-search-now-chamath-palihaptiya-urges-the-tech-giant-to-stop-waiting-for-data-and-start-fighting-models-like-chatgpt">drop in search volumes</a> for the first time in over 20 years, attributing the decline to the growing use of AI-powered searches.
Alphabet CEO Sundar Pichai pushed back on this in an interview with The Verge published this week, asserting that the <a href="https://www.benzinga.com/media/25/05/45687166/apple-may-see-fewer-searches-in-safari-but-google-ceo-sundar-pichai-insists-ai-is-fueling-overall-query-growth-far-from-a-zero-sum-game">data does not indicate a decline</a> in overall activity. &#8220;We&#8217;ve been very clear. We&#8217;re seeing overall query growth in search,&#8221; he said.
During his testimony, Cue also revealed that Apple is actively <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45259675/apple-alphabet-shares-tumble-amid-potential-ai-search-shift">considering integrating</a> an AI-driven search engine into Safari, evaluating potential partnerships with OpenAI, Anthropic and Perplexity AI.
Meanwhile, Google <a href="https://www.benzinga.com/markets/25/05/45537306/google-unveils-total-reimagining-of-search-with-chatbot-style-feature-to-compete-with-openai">introduced a new &#8220;AI mode&#8221;</a> in its Search and Chrome browser during its developer conference. Now available to all U.S. users, the feature offers a conversational, Q&amp;A-style interface similar to ChatGPT, replacing the traditional list of search result links.
Price Action: Alphabet Inc.&#8217;s Class A shares dipped 0.32% in after-hours trading, with Class C shares also down 0.32%, based on <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga Edge Stock Rankings, Alphabet holds a growth score of 88.54%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other companies</a> like Apple.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30220506/Screenshot-2025-05-31-at-7.33.05%E2%80%AFAM.png" alt="" class="wp-image-933903" /></a></figure>
Check out more of Benzinga&#8217;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 AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: JHVEPhoto / Shutterstock.com

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