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Gelteq Ltd is a clinical and science-based company that is focused on developing and commercializing white-label gel-based delivery solutions to preserve the simplicity, accessibility and efficacy of oral delivery without the impediments traditionally associated with other oral delivery methods, with prescription drugs, nutraceuticals, pet care, and other products. It is engaged in the development and testing of a gel-based delivery system for humans and pets. Its principal products are edible gels.

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Former Secretary of the Treasury Lawrence H. Summers, also known as Larry Summers, described the tariffs imposed by President Donald Trump as the &#8220;most expensive and masochistic&#8221; move by the U.S., which could roil the economy, erasing trillions of dollars.
What Happened: Summers explained the calculation behind the magnitude of losses that the economy can endure in a series of X posts. According to him, the stock futures fell 2-3% after Trump's announcement, erasing about $1.5 trillion, and the market had already priced in some of the impact in the days leading up to April 2nd.
Thus, he estimated losses of about $4 trillion in the stock market, which represents the lost corporate profits. Additionally, Summers explains that &#8220;Corporate profits are about 10 percent of GDP, so very conservatively the present value of economic loss is 5 times the stock market loss or $20 trillion.&#8221;
<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">Trump&#39;s tariffs are the most expensive and masochistic the US has pursued in decades. A very crude estimate of Trump&#39;s tariffs puts the projected loss at $20 trillion dollars, or well over $200,000 per family of four. Here is the basis for the calculation:
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1907603075239383463?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As the market tumbled further, in a following post, he highlighted that "The best estimate of the loss from tariff policy is now is closer to $30 trillion or $300,000 per family of four."
<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">Never before has an hour of Presidential rhetoric cost so many people so much. Markets continue to move after my previous tweet. The best estimate of the loss from tariff policy is now is closer to $30 trillion or $300,000 per family of four.
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1907607829231317473?ref_src=twsrc%5Etfw">April 3, 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/general/market-summary/25/04/44602836/tesla-short-interest-soars-to-2116-making-it-the-4th-largest-shorted-stock-heres-what-its-">Tesla Short Interest Soars To 21.16%, Making It 4th Most Shorted Stock Currently: Here&#8217;s What Its Charts Indicate</a>
Why It Matters: Apart from Summers' estimations, other analysts chimed in with their views on the tariffs. Wedbush's Daniel Ives said, "We would characterize this slate of tariffs as ‘worse than the worst case scenario' the Street was fearing."
<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">We would characterize this slate of tariffs as &quot;worse than the worst case scenario&quot; the Street was fearing. The biggest focus will be the China 34% tariff and Taiwan 32% and how this impacts supply chain and demand. Negotiations the only option at this point for White House.
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1907611902047338791?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Economist Mohamed El-Erian said that the tariffs imposed by Trump point to "major worries about global economic growth."
<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 price action in global financial markets in the immediate aftermath of the US tariff announcement points to major worries about global economic growth.<a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1907687511448572001?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Former Secretary of Labor, Robert Reich, said, "Trump's tariffs will result in a massive transfer of wealth from working people into the hands of millionaires and billionaires."
Justin Wolfers, senior fellow at the Brookings Institution, said, "Today&#8217;s announcement was so much worse than expected that it caused the chance of a 2025 recession to rise from 42% to 52%."
<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">Prediction markets had already priced in their best guess of the Trump tariffs. Today&#39;s announcement was so much worse than expected that it caused the chance of a 2025 recession to rise from 42% to 52%. <a href="https://t.co/brDWjfNykx">pic.twitter.com/brDWjfNykx</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1907619681248108764?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: Ahead of the tariff announcements on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in trade. The SPY was up 0.63% to $564.52, while the QQQ advanced 0.73% to $476.15, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the futures of the Dow Jones index dropped 2.51%, whereas the S&amp;P 500 and Nasdaq 100 indices also slumped by 3.09% and 3.48%, respectively.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44604892/nvidias-revenue-wouldnt-be-impacted-at-all-if-it-didnt-invest-in-coreweave-analyst-">Nvidia&#8217;s Revenue Wouldn&#8217;t Be &#8216;Impacted&#8230;At All&#8217; If It Didn&#8217;t Invest In CoreWeave: Analyst Explains Reason Behind Neo Cloud Investments</a></li>
</ul>
Photo courtesy: Shutterstock

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Trump Tariffs Could Cost $30 Trillion Or About $300,000 Per Family, Says Former Treasury Secretary Larry Summers: 'Most Expensive And Masochistic'

Larry Fink, CEO of&nbsp;BlackRock Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), has proposed a novel investment strategy that could potentially reshape the traditional 60/40 portfolio.
What Happened: In BlackRock&#8217;s annual letter released earlier this week, Fink has put forth a new investment approach that could change the conventional 60/40 portfolio of stocks and bonds. The CEO of BlackRock envisions the future standard portfolio as 50% stocks, 30% bonds, and 20% private assets such as real estate, infrastructure, and private credit.
&#8220;Generations of investors have done well following this approach, owning a mix of the entire market rather than individual securities. But as the global financial system continues to evolve, the classic 60/40 portfolio may no longer fully represent true diversification,&#8221; explained Fink.
Fink contends that the appeal of investing in private markets is not about owning a particular bridge, tunnel, or mid-sized company. Instead, it&#8217;s about how these assets can diversify your portfolio. Although&nbsp;these private assets could carry&nbsp;larger risks, they also offer significant benefits such as inflation protection, stability, and returns.
See Also:&nbsp;<a href="https://benzinga.com/news/25/03/44575557/mark-cuban-says-if-they-replaced-elon-musk-with-him-hes-still-try-to-make-government-smaller-by-cutting-a-lo" target="_blank" rel="noreferrer noopener">Mark Cuban Says, If They Replaced Elon Musk With Him, He&#8217;s Still Try to Make Government Smaller By &#8216;Cutting A Lot Of People&#8217;</a>
Why It Matters: However, Fink also recognizes the challenges associated with this new approach. The industry isn't designed for a 50/30/20 framework. Traditional asset managers primarily concentrate on the 50/30 split (stocks and bonds), while specialized private market firms dominate the 20% allocated to private assets.
He also highlights that for most individuals, closing the gap between the 50/30 and the 20 is nearly impossible. Even those who can afford to do so encounter another diversification challenge within that 20%.
Moreover, investing in private assets could have additional challenges. Teresa Ghilarducci, a labor economist and retirement security expert, told Yahoo Finance that private equity involves &#8220;hefty fees," warning that after factoring in those fees and the additional risk, a 60/40 ratio could be a winner. Meanwhile, Ryan Haiss, A CFP at Flynn Zito Capital Management, told the publication, "Unlike stocks and bonds, these assets can't be easily sold if cash is needed, making them less suitable for those with shorter time horizons.&#8221;
Given the company&#8217;s <a href="https://www.benzinga.com/news/25/03/44568282/blackrock-ceo-larry-finks-2025-investor-letter-how-the-company-will-navigate-ai-inflation-global-markets">strategic direction</a>, Fink&#8217;s proposed 50/30/20 portfolio could be seen as a part of BlackRock&#8217;s broader plan to navigate the economic landscape, especially in light of AI, inflation, and global markets. 
<ul>
<li>Read Next:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44621297/tesla-brand-wont-suffer-from-elon-musks-antics-says-analyst-despite-delivery-miss-8-stock-drop-i" target="_blank" rel="noreferrer noopener">Tesla Brand Won&#8217;t Suffer From Elon Musk&#8217;s &#8216;Antics,&#8217; Says Analyst Despite Delivery Miss, 8% Stock Drop In After-Hours Trading</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.

BlackRock CEO Larry Fink Urges Investors To Move Over 60/40 Model To 50/30/20 Strategy: '...May No Longer Fully Represent True Diversification'

Macro Economic Events

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U.K. Services Purchasing Managers Index For March 52.5 Vs. 53.2 Est.; 51.0 Prior

U.K. Composite Purchasing Managers' Index For March 51.5 Vs. 52.0 Est.; 50.5 Prior

<h3>Companies Reporting Before The Bell</h3>
• Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is estimated to report quarterly earnings at $1.58 per share on revenue of $167.04 million. 
• MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $899.59 million. 
• Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $1.50 billion. 
• Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $3.03 billion. 
• Acuity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) is projected to report quarterly earnings at $3.61 per share on revenue of $950.32 million. 
• WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $1.84 billion. 
<h3>Companies Reporting After The Bell</h3>
• CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $2.00 million. 
• Lifecore Biomedical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFCR#NASDAQ">LFCR</a>) is projected to report earnings for its third quarter. 
• Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is estimated to report quarterly earnings at $1.86 per share on revenue of $84.63 billion. 
• Simulations Plus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) is likely to report earnings for its second quarter. 
• Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $920.92 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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WisdomTree Trust International LargeCap Dividend

LFCR

Earnings Scheduled For April 3, 2025

Top U.S. technology multinationals, which have been the biggest beneficiaries of globalization, come to the fore as tariffs could heavily impact the cost of the goods sold by these firms.
What Happened: The data shared by Gina Martin Adams, the chief equity strategist and global director of equity strategy at Bloomberg Intelligence, shows the top tech companies in the U.S. that are likely to be impacted by <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">tariffs announced</a> by President Donald Trump on Wednesday.
These firms &#8220;may suffer the most as tariffs spark trade turmoil and threaten the long-expanding margin domination of American companies,&#8221; explains Adams.
The graphic shared by her shows that <a href="https://www.benzinga.com/news/legal/25/04/44620411/mark-zuckerberg-led-meta-set-to-face-truth-at-senate-hearing-over-china-operations-and-communist-party-censorship-efforts">Mark Zuckerberg</a>&#8216;s Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) spends less than 10% of the total amount required for them to produce their products and services in the U.S., making it the most vulnerable to tariffs.
The top 10 firms also include Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>).
Adams says that these firms could face more challenges in the wake of retaliation by other countries, further influencing the global supply chain. &#8220;White House tariffs may only be the start, as retaliations further strain global supply chains,&#8221; she adds.
<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">US multinationals, arguably the biggest driver and beneficiary of globalization, may suffer most as tariffs spark trade turmoil and threaten margin domination of American companies. White House tariffs may only be the start, as retaliations further strain global supply chains. <a href="https://t.co/kbopS2fsT8">pic.twitter.com/kbopS2fsT8</a>
&mdash; Gina Martin Adams (@GinaMartinAdams) <a href="https://twitter.com/GinaMartinAdams/status/1907580802222690759?ref_src=twsrc%5Etfw">April 2, 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/general/market-summary/25/04/44602836/tesla-short-interest-soars-to-2116-making-it-the-4th-largest-shorted-stock-heres-what-its-charts-are-indicating">Tesla Short Interest Soars To 21.16%, Making It 4th Most Shorted Stock Currently: Here&#8217;s What Its Charts Indicate</a>
Why It Matters: According to Adams, &#8220;Contrary to popular belief, mega-cap U.S. tech may be at considerable risk, with extremely high valuations and assumptions that margin moats will remain intact.
Companies with high facilities exposure and elevated cost of goods sold outside the U.S. face the greatest direct threats in the short run, while those with elevated revenue exposure are not immune.&#8221;
However, she adds, &#8220;Non-domestic stocks and defensive U.S. sectors may provide some haven as U.S. companies adjust to the new regime.&#8221;
Wedbush&#8217;s Daniel Ives adds that &#8220;Negotiations the only option at this point for White House.&#8221;
<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">We would characterize this slate of tariffs as &quot;worse than the worst case scenario&quot; the Street was fearing. The biggest focus will be the China 34% tariff and Taiwan 32% and how this impacts supply chain and demand. Negotiations the only option at this point for White House.
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1907611902047338791?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Whereas, Craig Shapiro of Bear Trap Reports contends by saying that Trump isn&#8217;t looking for concessions from trading partners, but &#8220;wants/needs the tariff revenues to help plug the fiscal deficit budget hole.&#8221;
<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">What the market fails to realize is that Trump doesn&#39;t want concessions from trading partners. He wants/needs the tariff revenues to help plug the fiscal deficit budget hole <a href="https://t.co/nQf82Q2Zan">https://t.co/nQf82Q2Zan</a>
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1905609335599698141?ref_src=twsrc%5Etfw">March 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: Here&#8217;s how these top 10 firms listed by Adams have performed.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Companies</td>
<td>Wednesday After-Hours</td>
<td>YTD</td>
<td>One Year</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>-4.83%</td>
<td>-2.55%</td>
<td>15.23%</td>
</tr>
<tr>
<td>Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>)</td>
<td>-11.85%</td>
<td>-42.32%</td>
<td>-21.41%</td>
</tr>
<tr>
<td>Incyte Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>)</td>
<td>-3.74%</td>
<td>-10.36%</td>
<td>12.69%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>-5.79%</td>
<td>-14.65%</td>
<td>-43.04%</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>-7.14%</td>
<td>-8.19%</td>
<td>31.97%</td>
</tr>
<tr>
<td>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</td>
<td>-0.64%</td>
<td>23.26%</td>
<td>59.80%</td>
</tr>
<tr>
<td>Albemarle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>)</td>
<td>-3.32%</td>
<td>-15.23%</td>
<td>-43.94%</td>
</tr>
<tr>
<td>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</td>
<td>0.02%</td>
<td>11.27%</td>
<td>4.44%</td>
</tr>
<tr>
<td>T-Mobile Us Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)</td>
<td>-2.68%</td>
<td>20.51%</td>
<td>62.05%</td>
</tr>
<tr>
<td>Best Buy Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>)</td>
<td>-8.99%</td>
<td>-12.12%</td>
<td>4.51%</td>
</tr>
</tbody>
</table>
</figure>
Ahead of the tariff announcements on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in trade. The SPY was up 0.63% to $564.52, while the QQQ advanced 0.73% to $476.15, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the <a href="https://www.benzinga.com/markets/equities/25/04/44620686/sp-500-nasdaq-futures-plunge-over-3-as-trumps-reciprocal-tariff-plan-hits-market-confidence">futures</a> of the Dow Jones index dropped 2.25%, whereas the S&amp;P 500 and Nasdaq 100 indices also slumped by 3.02% and 3.52%, respectively.
Read Next:
<ul>
<li><a style="font-weight: bold;" href="https://www.benzinga.com/25/04/44600269/mark-cuban-argues-ais-new-sht-will-drive-growth-not-deflation">Mark Cuban Dismisses Concerns of AI Causing Deflation, Calls It The &#8220;Greatest Growth And Productivity Engine Ever&#8221;</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

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AAPL

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INCY

TMUS

Meta, AMD, Apple, AT&T Among Biggest US Tech Giants That 'May Suffer The Most' As Tariffs Spark Trade Turmoil: Here's Why

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the Dow Jones index gaining more than 200 points during the session ahead of the announcement of trade tariffs by President Donald Trump.
Trump later unveiled broad new tariffs on key trading partners, sparking fears of a global trade war that could further weaken the U.S. economy.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rallied over 5% on Wednesday despite reporting the worst quarterly deliveries in over two years and missing analyst estimates.
On the economic data front, private businesses in the U.S. added 155,000 jobs in March compared to a revised 84,000 gain in February and higher than market estimates of 105,000. New orders for U.S. manufactured goods rose by 0.6% month-over-month for February compared to a revised 1.8% gain in January.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, industrials, and financials stocks recording the biggest gains on Wednesday. However, consumer staples and consumer discretionary stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 235 points to 42,225.32 on Wednesday. The S&amp;P 500 rose 0.67% to 5,670.97, while the Nasdaq Composite climbed 0.87% to 17,601.05 during Wednesday's session.
Investors are awaiting earnings results from Acuity Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), and Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) today.
At a current reading of 17.1, the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday, versus a prior reading of 15.6.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44604078/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-with-over-6-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks With Over 6% Dividend Yields</a> </li>
</ul>
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TSLA

Dow Jumps Over 200 Points As Tesla Surges Over 5%: Investor Sentiment Improves, But Greed Index Remains In 'Extreme Fear' Zone

The Ultimate Fighting Championship (UFC), a subsidiary of TKO Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>), has entered into a multi-year partnership with tech giant Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to transform fan engagement using Meta&#8217;s advanced technology.
What Happened: The UFC announced that Mark Zuckerberg&#8216;s Meta is now the UFC&#8217;s first Official Fan Technology Partner. The partnership will utilize Meta&#8217;s technology platforms, services, and products, such as Facebook, Instagram, WhatsApp, Threads, Meta AI, Meta Glasses, and Meta Quest, to deliver an unparalleled immersive UFC experience for fans.
Meta will also serve as the Official AI Glasses Partner of UFC, bringing the innovative application of its AI glasses to UFC events. &#8220;Mark and his team at&nbsp;Meta are going to do&nbsp;things that will blow away&nbsp;UFC fans,&#8221;&nbsp;said UFC President and CEO&nbsp;Dana White.
The partnership will incorporate Meta into UFC assets through extensive activations across all Pay-Per-Views and Fight Nights, featuring brand placement in the Octagon&#xAE;, multiple broadcast integrations, and engaging in-arena fan experiences. 
Threads, Meta&#8217;s text-based platform for public discussions, will be an Official Social Media Partner of the UFC, acting as the main hub for the UFC community and offering exclusive original content.
See Also: <a href="https://benzinga.com/25/04/44605992/whats-going-on-with-carvana-stock-today" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Carvana Stock Today?</a>
Why It Matters: This partnership marks a significant step for Meta in its quest to expand beyond being a social media powerhouse. The partnership with UFC, which has a global fan base exceeding 700 million and over 300 million social media followers, could greatly accelerate Meta&#8217;s expansion into wearable technology, especially in virtual and augmented reality.
Meta&#8217;s Ray-Ban smart glasses, launched in late 2023, have sold over 2 million units. While not a major revenue source yet, they are strategically important for Meta's AI ambitions. Powered by the Llama AI model, the glasses and Meta AI chatbot aim to enhance user engagement and improve ad targeting.
CNBC&#8217;s Paulina Likos stated, &#8220;Big picture Zuckerberg has a long-term vision that smart glasses could be the next computing platform, much like the smartphone ushered in the mobile computing era.&#8221;
Interestingly, this development comes on the heels of the news that <a href="https://www.benzinga.com/25/04/44602810/metas-ai-chief-announces-departure-while-mark-zuckerberg-doubles-down-on-ai-investments">Meta&#8217;s AI Chief</a>, Joelle Pineau, is exiting the company in May. 
Meta holds a momentum rating of 80.75% and a growth rating of 74.80%, according to&nbsp;<a href="https://www.benzinga.com/quote/META" target="_blank" rel="noreferrer noopener">Benzinga's Proprietary Edge Rankings</a>. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
<ul>
<li>Read Next: <a href="https://benzinga.com/trading-ideas/movers/25/04/44614272/nvidia-stock-is-down-nearly-20-ytd-whats-going-on" target="_blank" rel="noreferrer noopener">Nvidia Stock Is Down Nearly 20% YTD: What&#8217;s Going On?</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.

NVDA

UFC Picks Mark Zuckerberg's Meta As Official Technology Partner, Joins Forces To Revolutionize Fan Engagement: 'Smart Glasses Could Be The Next Computing Platform'

Eurozone Services Purchasing Managers Index For March 51.0 Vs. 50.4 Est.; 50.6 Prior

HCOB Eurozone Composite Purchasing Managers Index For March 50.9 Vs. 50.4 Est.; 50.2 Prior

Germany Services Purchasing Managers Index For March 50.9 Vs. 50.2 Est.; 51.1 Prior

France Services Purchasing Managers Index For March 47.9 Vs. 46.6 Est.; 45.3 Prior

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Acuity Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) to report quarterly earnings at $3.70 per share on revenue of $1.03 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Acuity shares fell 2% to $261.05 in after-hours trading.</li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) reported weaker-than-expected fourth-quarter financial results after the market closed on Wednesday. RH reported fourth-quarter revenue of $812.41 million, missing the consensus estimate of $829.56 million, according to Benzinga Pro. The luxury retailer reported fourth-quarter adjusted earnings of $1.58 per share, missing analyst estimates of $1.92 per share. RH shares dipped 26.1% to $184.40 in the after-hours trading session.</li>
<li>Analysts are expecting Conagra Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) to post quarterly earnings at 53 cents per share on revenue of $2.90 billion. The company will release earnings before the markets open. Conagra shares fell 0.9% to $26.14 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Penguin Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) posted better-than-expected results for its second quarter on Wednesday. The company said it sees FY25 net sales growth of 17% year-over-year +/-3% and adjusted EPS of $1.60 +/- $0.10. Penguin Solutions shares gained 4.6% to $18.88 in the after-hours trading session.</li>
<li>Analysts expect Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) to post quarterly earnings at $1.70 per share on revenue of $86.09 billion after the closing bell. Exxon Mobil shares fell 2.3% to $115.91 in the after-hours trading session.</li>
</ul>
Check This Out:
<ul>
<li> <a href="https://www.benzinga.com/25/04/44604078/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-with-over-6-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks With Over 6% Dividend Yields</a></li>
</ul>
Photo via Shutterstock

Penguin Solutions, Inc. - Ordinary Shares

PENG

Acuity, RH And 3 Stocks To Watch Heading Into Thursday

As President Donald Trump lights the global economy on fire in his bid to <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">reduce America&#8217;s $1.2 trillion annual trade deficit</a>, a few astute observers on X have uncovered the math that went into arriving at the tariffs that other countries charge the United States, which ultimately led to the reciprocal tariffs that the US will now be imposing on them.
What Happened: A post questioned Trump&#8217;s credibility on the subject of tariffs. James Surowiecki, a writer for The Atlantic and Fast Company had a tough time making sense of some of the figures shared by the White House on Wednesday evening, especially those about tariffs imposed by other countries on American exports.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Even given that it&#39;s Trump, I cannot believe they said &quot;We&#39;ll just divide the trade deficit by imports and tell people that&#39;s the tariff rate.&quot; And then they decided to set our tariffs by just cutting that totally made-up rate in half! This is so dumb and deceptive.
&mdash; James Surowiecki (@JamesSurowiecki) <a href="https://twitter.com/JamesSurowiecki/status/1907560211365167246?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
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He knew something wasn&#8217;t adding up, since South Korea, a country with which the US has a trade agreement was not charging 50% tariffs on US exports, as reported in the graphic released by the White House. After initially chalking it all up to made-up figures, he soon arrived at the absurd calculations that went into them.
See More: <a href="https://www.benzinga.com/25/04/44621914/trump-reportedly-imposes-tariffs-on-uninhabited-islands-and-remote-locations-world-bank-data-raises-questions">Trump Imposes Tariffs On Uninhabited Islands And Remote Locations: World Bank Data Raises Questions</a>
Surowiecki says that the tariff figures were calculated by merely dividing the US&#8217; trade deficit with a particular country by the said country&#8217;s total exports to the U.S. He even went on to illustrate it by giving the example of Indonesia, on which Trump now plans to impose 32% reciprocal tariffs.
He further adds &#8216;I cannot believe they decided to just divide the trade deficit by imports and tell people that&#8217;s the tariff rate,&#8217; and wonders how U.S. Treasury Secretary Scott Bessent signed off on something like this. 
Why It Matters: Others are now waking up to these calculations, such as the <a href="https://x.com/Geiger_Capital/status/1907568233239949431">popular X finance influencer</a> Geiger Capital, and the Sri Lankan publication Economynext, which <a href="https://economynext.com/sri-lankas-88-pct-tax-on-us-arrived-at-by-dividing-trade-deficit-213077/">questioned</a> how the U.S. figures were calculated.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This guy cracked the tariff formula:<a href="https://twitter.com/orthonormalist?ref_src=twsrc%5Etfw">@orthonormalist</a> It's simply the nation's trade deficit with us divided by the nation's exports to us. Yes. Really. Vietnam: Exports 136.6, Imports 13.1 Deficit = 123.5 123.5/136.6 = 90% <a href="https://t.co/fDOMoQwzKt">pic.twitter.com/fDOMoQwzKt</a>
&mdash; Geiger Capital (@Geiger_Capital) <a href="https://twitter.com/Geiger_Capital/status/1907568233239949431?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
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Neither the White House nor the United States Trade Representative responded to Benzinga&#8217;s request for comments on this story at the time of writing.
The tariff announcements led to the U.S. futures tanking at the time of writing. The Dow Jones Industrial Average futures were seen 2.5% lower at 41,433 while the Nasdaq dropped 3.45% at 19,076.75.
Image via Shutterstock
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44620686/sp-500-nasdaq-futures-plunge-over-3-as-trumps-reciprocal-tariff-plan-hits-market-confidence">Trump&#8217;s &#8216;Reciprocal Tariff&#8217; Plan Hits Market Confidence As Dow Futures Drops Over 830 Points </a></li>
</ul>

General

Trump's 'Reciprocal Tariff' Math: A Masterclass In Economic Absurdity

Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) will release its third-quarter earnings results before the <a href="https://www.benzinga.com/quote/LW/earnings">opening bell on Thursday, April 3.</a>
Analysts expect the Eagle, Idaho-based company to report quarterly earnings at 87 cents per share, down from $1.2 per share in the year-ago period. According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Lamb Weston projects quarterly revenue at $1.49 billion, compared to $1.46 billion a year earlier.
On March 20, Lamb Weston declared a quarterly dividend of 37 cents per share.
Lamb Weston shares gained 1.6% to close at $54.15 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Barclays analyst Lauren Lieberman maintained an Overweight rating and cut the price target from $87 to $60 on Dec. 23, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Stifel analyst Matthew Smith maintained a Hold rating and cut the price target from $80 to $68 on Dec. 20, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Jefferies analyst Rob Dickerson maintained a Buy rating and raised the price target from $80 to $95 on Dec. 17, 2024. This analyst has an accuracy rate of 68%.</li>
<li>JP Morgan analyst Ken Goldman maintained a Neutral rating and boosted the price target from $68 to $78 on Dec. 16, 2024. This analyst has an accuracy rate of 78%.</li>
<li>Deutsche Bank analyst Steve Powers initiated coverage on the stock with a Hold rating and a price target of $81 on Dec. 12, 2024. This analyst has an accuracy rate of 71%.</li>
</ul>
Considering buying LW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03031420/image-1-5-1024x574.png" alt="" class="wp-image-854653" style="width:583px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03031420/image-1-5-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03031420/image-1-5-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03031420/image-1-5-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03031420/image-1-5.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44604078/wall-streets-most-accurate-analysts-give-their-take-on-3-defensive-stocks-with-over-6-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Defensive Stocks With Over 6% Dividend Yields</a> </li>
</ul>
Photo via Shutterstock

Price Target

Analyst Ratings

Top Wall Street Forecasters Revamp Lamb Weston Price Expectations Ahead Of Q3 Earnings

Legendary stock picker Warren Buffett has refused to include cryptocurrencies, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), in his firm Berkshire Hathaway Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) portfolio, but the holding company, interestingly, has exposure to a firm that pitches the apex cryptocurrency as an inflation hedge.
What happened: According to the latest 13F filing, Berkshire Hathaway holds 433,558 shares of financial services company Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>), worth nearly $34 million.
The New York City-headquartered firm operates in investment banking and capital markets, and asset management businesses.
Notably, Jefferies holds a sizeable stake in iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), the world's largest spot exchange-traded Bitcoin fund. Filings with the SEC revealed that Jefferies owned 1,615,731 shares of IBIT, valued at over $85 million.
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/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock">Bitcoin Reeling From Trump&#8217;s &#8216;Liberation Day&#8217; Shock But These Gold-Backed Coins Are Killing It This Year</a>
The investment likely stemmed from its bullish long-term view about the leading digital asset.
Jefferies deemed Bitcoin as a "critical hedge" against fiat debasement and inflation, <a href="https://www.cnbc.com/2023/10/05/bitcoin-is-a-critical-hedge-against-currency-debasement-and-return-of-inflation-jefferies-says.html">according </a>to an October 2023 report by CNBC.
The investment bank said Bitcoin's insurance policy narrative gained traction following the <a href="https://www.benzinga.com/news/23/06/32705921/us-banking-crisis-spurs-756-billion-capital-surge-into-cash-funds-says-bank-of-america">U.S. banking crisis</a> earlier in the year, and it recommended a 10% allocation to the asset for U.S. dollar-based long-term global investors.
This optimism sharply contrasted with Buffett&#8217;s dismissive attitude toward Bitcoin. The &#8220;Oracle of Omaha&#8221; called Bitcoin &#8220;probably rat poison squared&#8221; during Berkshire Hathaway&#8217;s annual&nbsp;<a href="https://www.benzinga.com/general/24/03/37513063/warren-buffett-says-he-wouldnt-pay-25-for-all-the-bitcoin-in-the-world-he-considers-crypto-rat-poiso" target="_blank" rel="noreferrer noopener">shareholder</a>&nbsp;meeting in 2018 and predicted a &#8220;bad ending&#8221; for the cryptocurrency.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $83,315.66, down 1.03% 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 asset has slid 11.84%.
Shares of Berkshire Hathaway fell 2.09% in after-hours trading, after closing 0.89% higher at 537.72 during Wednesday&#8217;s regular session. Jefferies stock closed 2.99% higher at $55.14.
Berkshire Hathaway stock demonstrated a good momentum and value score as of this writing. To see how Jefferies and other financial stocks rank in these categories, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">visit </a>Benzinga Edge Stock Rankings.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="441" height="172" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03022349/Screenshot-2025-04-03-114944.png" alt="" class="wp-image-854549" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03022349/Screenshot-2025-04-03-114944.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03022349/Screenshot-2025-04-03-114944-300x117.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></figure>
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44620779/onlyfans-founders-startup-and-hbar-foundation-enter-the-race-to-acquire-tiktok-us-to-maintain-american-ownership-and-governance">OnlyFans Founder&#8217;s Startup And HBAR Foundation Enter Race To Acquire Tiktok To Maintain &#8216;American Ownership And Governance&#8217;</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

IBIT

Warren Buffett Avoids Bitcoin, But Do You Know Berkshire Hathaway Owns Stake In A Company That Pitches BTC As 'Critical' Inflation Hedge

Vinod Khosla, an early investor in OpenAI and the founder of Khosla Ventures, shared his views on what startup founders should expect from investors, criticizing the &#8220;founder-friendly&#8221; culture in the Silicon Valley.
What Happened: In a conversation on the Minus One podcast posted on Wednesday, Khosla said that while the term &#8220;founder-friendly&#8221; is often used in venture capital circles, it doesn't truly benefit entrepreneurs in the long run.
"I hate the culture — there&#8217;s a number of firms in the valley who push the idea we are founder friendly," he stated in response to a question about what founders should look for in investors. "What [it] really means, they're never going to challenge you. They want to be popular with you as opposed to help you."
See Also: <a href="https://www.benzinga.com/personal-finance/24/10/41196355/ai-will-do-most-jobs-better-faster-cheaper-silicon-valley-billionaire-vinod-khosla-calls-for-uni">AI Will Do Most Jobs &#8216;Better, Faster, Cheaper&#8217;: Silicon Valley Billionaire Vinod Khosla Calls For Universal Basic Income</a>
Khosla, who has been investing in startups for over 40 years, described his role as a &#8220;venture assistant,&#8221; not a traditional venture capitalist. He argued that successful investors don't just write checks but provide invaluable guidance, especially when a startup is incomplete in certain aspects.&nbsp;
"Great founders, the majority of the time, are incomplete in some dimension," he stated, adding, "Your job as an investor is to help them with that."
He also touched on the importance of &#8220;brutally honest&#8221; feedback, saying that 95% of the feedback founders get from investors is often &#8220;hypocritical politeness&#8221; that feels good but doesn't help their growth.&nbsp;
Founders should strive for a real, well-intended critique of their strategy, something that challenges them to think, he said.&nbsp;
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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<iframe loading="lazy" title="Why I Backed OpenAI, AGI, &amp; the Zero to One Team &#x7C; Vinod Khosla" width="500" height="281" src="https://www.youtube.com/embed/shMMW_RhztA?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>
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Why It Matters: As the founder of Khosla Ventures, Khosla has been instrumental in backing experimental technologies such as biomedicine, robotics, and AI. Notably, he was one of the early investors in OpenAI and <a href="https://www.benzinga.com/news/23/12/36056265/openai-investor-vinod-khosla-works-80-hours-a-week-will-use-peter-thiels-anti-aging-methods-if-they">invested $50 million</a> in the parent company of ChatGPT.
Khosla is also known <a href="https://www.benzinga.com/news/23/12/36056265/openai-investor-vinod-khosla-works-80-hours-a-week-will-use-peter-thiels-anti-aging-methods-if-they">for his involvement</a> in Sun Microsystems, which he co-founded in 1982. The company was later acquired by Oracle. Khosla's work at Kleiner Perkins, before founding his own venture fund, further cemented his reputation as a visionary investor in technology.
With a reported net worth of $7.7 billion, <a href="https://www.forbes.com/profile/vinod-khosla/">according</a> to Forbes, Khosla has built a career based on taking calculated risks in areas that other investors often overlook. His firm, Khosla Ventures, has backed major successes like Affirm and DoorDash.
Photo Courtesy: ahmad.faizal On Shutterstock.com
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/news/24/09/41086806/elon-musk-mocks-vinod-khosla-after-openai-investor-mixes-up-argentinas-poverty-and-unemployment-rate">Elon Musk Mocks Vinod Khosla After OpenAI Investor Mixes Up Argentina&#8217;s Poverty And Unemployment Rates To Draw Parallels Between Javier Milei And Trump: &#8216;Vinod Is Just Actually Not Smart&#8217;</a></li>
</ul>
Disclaimer: 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.

Vinod Khosla Was An Early Investor In OpenAI But He's No Fan Of Founder-Friendly Venture Capitalism: 'I Hate The Culture'

VSAT

Riyadh Air Taps Viasat For Industry-Leading Onboard Streaming And Wi-Fi, Elevating Premium Guest Experience

President Donald Trump has reportedly imposed reciprocal tariffs on some of the world&#8217;s most remote and uninhabited locations, along with various global trade partners, on &#8216;Liberation Day.&#8217;
What Happened: The Trump administration declared a 10% reciprocal tariff on the Heard and McDonald Islands, an uninhabited Australian external territory situated approximately 1,000 miles north of Antarctica, <a href="https://www.forbes.com/sites/antoniopequenoiv/2025/04/02/trump-imposes-tariffs-on-uninhabited-heard-and-mcdonald-islands-remotest-places-on-earth/">reported</a> Forbes.  The Australian government website describes these islands as &#8220;one of the wildest and remotest places on Earth&#8221;.
These tariffs also apply to other regions, including the British Indian Ocean Territory, the Cocos (Keeling) Islands, which have fewer than 600 residents, Norfolk Island, and the Norwegian Arctic islands of Svalbard and Jan Mayen, which have no permanent population.
The impact of these tariffs&nbsp;on the Heard and McDonald&nbsp;Islands remains uncertain due to their minimal economic activity, which is limited to some Australian commercial fishing in their economic zone.
See Also: <a href="https://benzinga.com/markets/equities/25/04/44620650/nvidia-amd-apple-meta-tesla-why-these-5-stocks-are-trending-on-trumps-liberation-day" target="_blank" rel="noreferrer noopener">Nvidia, AMD, Apple, Meta, Tesla: Why These 5 Stocks Are Trending On Trump&#8217;s Liberation Day </a>
Why It Matters: The imposition of tariffs on such remote and uninhabited locations raises questions about the rationale behind these decisions. For instance, Norfolk Island exported goods worth $655,000 to the U.S. in 2023, the main export being leather footwear worth $413,000, <a href="https://oec.world/en/profile/country/nfk">according </a>to Observatory of Economic Complexity data. However, the administrator of Norfolk Island, George Plant, refuted these figures and told The Guardian that there are no known exports from Norfolk Island to the U.S.
Similarly, the Heard Island and McDonald Islands, which are Australia&#8217;s &#8216;external territories&#8217;, reportedly exported products worth $1.4 million to the U.S. in 2022, primarily &#8220;machinery and electrical&#8221; imports, according to World Bank data. The nature of these goods remains unclear. In the previous five years, imports from these islands ranged from $15,000 to $325,000 per year.
The Australian prime minister, Anthony Albanese, told the publication, "Nowhere on earth is safe."<a href="https://www.theguardian.com/us-news/2025/apr/02/trump-new-tariffs-liberation-day"></a>
China has been <a href="https://www.benzinga.com/news/global/25/04/44620889/trumps-liberation-day-tariffs-roil-markets-as-china-slams-typical-unilateral-bullying-asian-markets-plunge">most affected</a> by Trump&#8217;s &#8216;Liberation Day&#8217; tariffs, with a 34% tax on top of the existing 20% tariffs on Chinese imports. Meanwhile,&nbsp;Canada and Mexico have been&nbsp;exempted from the baseline 10% tariff rate as the U.S. considers imposing&nbsp;a 25% tariff on the majority of imports from these countries. 
<ul>
<li>Read Next: <a href="https://benzinga.com/25/04/44621102/bytedance-alibaba-and-tencent-order-16-billion-worth-of-nvidias-h20-chips-following-the-surge-in-demand-deepseeks-low-cost-ai-models-report" target="_blank" rel="noreferrer noopener">ByteDance, Alibaba, And Tencent Order $16 Billion Worth Of Nvidia&#8217;s H20 Chips As Demand Surges For DeepSeek&#8217;s Low-Cost AI Models: Report </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.

Trump Imposes Tariffs On Uninhabited Islands And Remote Locations: World Bank Data Raises Questions

Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) will release its third-quarter earnings results before the <a href="https://www.benzinga.com/quote/CAG/earnings">opening bell on Thursday, April 3</a>.
Analysts expect the Chicago-based company to report quarterly earnings at 53 cents per share, down from 69 cents per share in the year-ago period. According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Conagra projects quarterly revenue at $2.9 billion, compared to $3.03 billion a year earlier.
Conagra Brands announced on Tuesday that it's teaming up with Bloom Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) to integrate advanced fuel cell technology at two of its Ohio manufacturing plants.
Conagra Brands shares fell 0.8% to close at $26.38 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/CAG/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Morgan Stanley analyst Megan Alexander initiated coverage on the stock with an Equal-Weight rating and a price target of $27 on March 24, 2025. This analyst has an accuracy rate of 64%.</li>
<li>JP Morgan analyst Ken Goldman maintained a Neutral rating and cut the price target from $29 to $26 on March 6, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Stifel analyst Matthew Smith maintained a Hold rating and cut the price target from $28 to $26 on Feb. 19, 2025. This analyst has an accuracy rate of 62%.</li>
<li>Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and cut the price target from $28 to $27 on Feb. 18, 2025. This analyst has an accuracy rate of 62%.</li>
<li>B of A Securities analyst Bryan Spillane maintained a Neutral rating and cut the price target from $31 to $29 on Dec. 20, 2024. This analyst has an accuracy rate of 63%.</li>
</ul>
Considering buying CAG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="609" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03024517/image-28-1024x609.png" alt="" class="wp-image-854594" style="width:539px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03024517/image-28-1024x609.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03024517/image-28-300x179.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03024517/image-28-768x457.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03024517/image-28.png 1077w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

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